Author: Julie Muhn (@julieschicktanz)

Bizfi Debuts Aggregation Silo for Business Financing

Bizfi Debuts Aggregation Silo for Business Financing
By Julie Muhn (@julieschicktanz) Posted on
Categories: Bizfi, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

BizfiLogoOur first presenter of day two at Finovate is Bizfi, demonstrating how it helps with lead monetization in business financing:

At FinovateFall, Bizfi will be highlighting its aggregation silo, which the company is now making available to partners as a white-label or co-branded solution. Bizfi’s aggregation platform enables sales offices and/or partners to maximize lead monetization, while taking advantage of economies of scale and scope, powered by data science and technology. The proprietary technology behind the aggregation silo is further supported by strategic relationships with more than 35 funding partners. For potential customers, the presence of the aggregation silo translates into greater choice, efficiency, and convenience.

Presenters: Stephen Sheinbaum, founder, and Walt Levengood, chief strategy officer

IMG_0216

IMG_0224

Product launch: April 2015
Metrics: $15 million raised in equity in 2006 from a handful of angels; currently raising its first round of institutional equity; ~$100 million of debt (senior, mezzanine, and subordinated); LTM revenues $69.2 million; LTM EBITDA $15.3 million; YTD production ~$257 million; $1.3 billion+ provided to ~26,000 customers; 175 employees.
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms

HQ: New York City, New York
Founded: May 2005
Website: bizfi.com
Twitter: @bizfinyc

Share this:

Send Post Twitter LinkedIn Facebook

Avoka Transact Bundles Offer a Code-free Onboarding Solution

Avoka Transact Bundles Offer a Code-free Onboarding Solution
By Julie Muhn (@julieschicktanz) Posted on
Categories: Avoka, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

AvokaLogoNext, Avoka showed off its code-free onboarding solution, Avoka Transact Bundles:

For banks, credit unions, and wealth managers, Avoka’s digital commerce platform improves customer acquisition and reduces abandonment. Avoka Transact Bundles being demonstrated at FinovateFall is a code-free way of delivering an experience that allows a customer to apply for one product and seamlessly onboard into additional products such as deposit, loan, or card offerings. With Avoka Transact Bundles, you can design the experience your customer wants, independent of the limitations of your core systems and rapidly increase cross-sell rates.

Presenters: Derek Corcoran, chief experience officer; Jeff Kalicki, senior account executive

IMG_0189

IMG_0194

Product Launch: July 2015
Metrics: 90 employees; 100+ customers; 100 million+ transactions completed in past year
Product distribution strategy: Direct to business (B2B)

HQ: Broomfield, Colorado
Founded: January 2002
Website: avoka.com
Twitter: @avokatech

Share this:

Send Post Twitter LinkedIn Facebook

Dealflow Launches a More Efficient Way to Raise Capital

Dealflow Launches a More Efficient Way to Raise Capital
By Julie Muhn (@julieschicktanz) Posted on
Categories: Dealflow, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

DealflowLogoDealflow showed a new way to raise capital:

We’re solving the largest problem in the business of raising capital with software that creates targeted outreach to investors based on preferences-data that we use to match investors with opportunities. Companies are increasingly reaching beyond their personal networks to raise capital. They’re using deal portals, social media networks, and a variety of investment databases to find investors. We make the process easier by putting everything in one place and by offering tools that make raising capital efficient.

Presenter: Dealflow CEO and founder, Steven Dresner (standing)

IMG_0154

IMG_0158

Product Launch: September 2015
Metrics: Raised $2 million; 8 employees; 9,000 registered users
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); licensed

HQ: New York City, New York
Founded: April 2013
Website: dealflow.com
Twitter: @dealflow

Share this:

Send Post Twitter LinkedIn Facebook

HelloWallet Launches Retirement Explorer

HelloWallet Launches Retirement Explorer
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2015, HelloWallet

This post is part of our live coverage of FinovateFall 2015.

HelloWalletLogoHelloWallet launched its Retirement Explorer:

Retirement Explorer is an approachable and actionable online retirement planning tool that helps employees model and work toward specific retirement outcomes. This innovation simplifies the retirement planning process with a user-friendly interface and guidance that is both clear and realistic. Retirement Explorer offers helpful insights with very few inputs and can also scale to accommodate sophisticated employee needs. Employees are able to both model and save retirement scenarios and then make them a reality with a single click due to partner integrations.”

Presenters: Matt Fellowes, chief innovation officer, Morningstar, and founder of HelloWallet; Andrew Vincent, senior product manager; Gabe Gorelick-Feldman, software engineer

IMG_0125

IMG_0134

Product Launch: September 2015
Product distribution strategy: Direct to Business (B2B)

HQ: Washington, DC
Founded: 2009
Website: hellowallet.com
Twitter: @hellowallet

Share this:

Send Post Twitter LinkedIn Facebook

Euronovate Launches Biometric Fusion Technologies

Euronovate Launches Biometric Fusion Technologies
By Julie Muhn (@julieschicktanz) Posted on
Categories: Euronovate, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

EuronovateLogoNext, Euronovate launched its Biometric Fusion Technologies:

“Our customers can rely on digital services that significantly provide increasing value by progressively enhancing the quality of identities throughout the customer relationship. Euronovate helps develop online and in branch services by providing state-of-the-art identification through brand new proprietary Biometric Fusion Technologies that combine more biometric data in order to establish remote 100% identification.

You can apply BFT on the entire digital chain: new customer onboarding for online and unattended areas, contract signature with strong authentication, secure transactions, proof management that relys on digital signatures to a digital vault that guarantees the long-term integrity, confidentiality, and legal value of contracts.”

Presenting Alberto Guidotti (CEO), Ervin Ukaj (R&D Director), and Pietro Lanza (Marketing & Sales)

IMG_0108

IMG_0112

Metrics: Raised ~$1M USD from start up in February 2012, revenues from 0 to 6.2M CHF in less than 3 years with over 20% net profit, estimated revenue 12M CHF in 2015 and exponential growth world wide, over 65 employees with 20 in Lugano (headquarters, R&D, design e hardware and software, production software) and 45 in the Far East (Shenzhen and Taipei, locations of factories manufacturing), 4 commercial branches in Italy, Bucharest for Balkans, Madrid for Iberia, and Mexico City for Central America, more than 45,000 active installations in Italy, Switzerland, Spain, China, and Middle East, more than 1.5M people sign with Euronovate solutions in 3 different continents every day.
Product distribution strategy: Direct to Business (B2B)

HQ: Lugano, Switzerland
Product Launch: October 2015
Website: euronovate.com

Share this:

Send Post Twitter LinkedIn Facebook

AcceptEmail Removes the Hassle from Paying Bills

AcceptEmail Removes the Hassle from Paying Bills
By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

AcceptEmailLogoAcceptEmail demonstrated how it’s making it easier for customers to pay bills:

AcceptEmail delivers payment requests directly to the customer’s mobile device or desktop via various messaging solutions including email, IM, QR code, and social media. The customer may make a payment any time and from anywhere, directly from the inbox, with just a few clicks. There are no apps to download, no registering, no logging in.

Payment may come from the customer’s bank account via Verified ACH, by credit or debit card, or via a third-party method. Once the payment goes through, the status bar changes from blue (due) to green (paid) in real time. Customers love AcceptEmail’s simplicity and convenience.

AcceptEmail presenters: CTO Geerten Oelering and CEO Peter Kwakernaak

IMG_0100

IMG_0101

Product Launch: April 2014
Metrics: 20 employees; offices in Amsterdam, Brussels, London, and New York
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Amsterdam, The Netherlands
Founded: September 2006
Website: acceptemail.com
Twitter: @AcceptEmail

Share this:

Send Post Twitter LinkedIn Facebook

DAVO Technologies Collects, Files, and Pays Sales Tax on Merchants’ Behalf

DAVO Technologies Collects, Files, and Pays Sales Tax on Merchants’ Behalf
By Julie Muhn (@julieschicktanz) Posted on
Categories: DAVO Technologies, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

DAVOTechnologies2Next, DAVO Technologies showed how its solution automatically collects, files, and pays sales tax on merchants’ behalf:

DAVO Sales Tax is the automated sales tax solution for small to mid-sized merchants. DAVO’s patented process automatically and passively collects, files, and pays sales tax for a merchant utilizing the ACH and card payments networks. This unique process integrates with a merchant’s POS and back-end accounting packages, setting aside the total sales tax collected daily, holding it safe and secure. DAVO’s goal is to do for sales tax what ADP and Paychex did for payroll.

Presenter, center: CEO of Davo, Owen Brown

IMG_0080

IMG_0082

Product Launch: February 2015
Metrics: $2.2 million; 6 team members; 142 acquired customers
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Portland, Maine
Founded: September 2011
Website: davotechnologies.com

Share this:

Send Post Twitter LinkedIn Facebook

Alfa-Bank Debuts Sense, a New Way of Mobile Banking

Alfa-Bank Debuts Sense, a New Way of Mobile Banking
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alfa-Bank, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

AlfaBankLogoAlfa-Bank debuted its mobile banking communication feature, Sense:

Sense is a new way of mobile banking for universal banks. Sense works like Google Now for customers, predicting the next thing they might need. It’s more gentle and personal than the ordinary bank app and communicates like Facebook Messenger.

Presenters: Vladimir Urbanksky, CEO, Alfa-Bank; Nikita Filippov, CEO, Octoberry; and Artem Molchanov, project manager, Alfa-Lab

IMG_0065

IMG_0071

Product distribution strategy: Direct to Consumer (B2C), through other fintech companies and platforms

Website: alfabank.com

Share this:

Send Post Twitter LinkedIn Facebook

Twilio’s Authy Debuts OneTouch Authentication

Twilio’s Authy Debuts OneTouch Authentication
By Julie Muhn (@julieschicktanz) Posted on
Categories: Authy, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

AuthyLogoAuthy a division of Twilio, showed how its OneTouch streamlines two-factor authentication:

Authy OneTouch is the next generation in strong authentication: frictionless and more secure. Authy OneTouch streamlines 2FA for consumers by making it a simple “yes” or “no” approval of a push notification initiated-request on an authorized mobile or wearable device—there are no one-time password codes for users to enter or manage. Based on public cryptographic key processes, Authy OneTouch provides nonrepudiation and protects against phishing and man-in-the-middle attacks for any logon or event, such as changes in account settings, high-risk transactions, or credit card purchases.

Presenter in center: Dan Killmer, lead solutions architect

IMG_0047

IMG_0048

Metrics: 11,000 apps in-site protected; millions of users worldwide
Product distribution strategy: Developer-driven sales, outbound enterprise and channel sales

HQ: San Francisco, California
Founded: 2012
Website: Authy.com
Twitter: @Authy

Share this:

Send Post Twitter LinkedIn Facebook

BehavioSec Reveals On-demand Service

BehavioSec Reveals On-demand Service
By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

BehavioSecLogoBehavioSec debuted BehavioSec on Demand:

We are revealing our new BehaviorSec on Demand service. We have extended the proven and tested technology from BehavioSec’s large banking installation of behavioral biometrics that work as an additional layer of security, and we implement it as a transaction-based service in the cloud. This helps organizations that need better control of who is accessing their service and that suffer from fraudsters compromising the integrity of companies and individuals.

Presenter: COO Olov Renberg (COO)

IMG_9973

IMG_9987

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Stockholm, Sweden
Founded: 2009
Website: behaviosec.com
Twitter: @BehavioSec

Share this:

Send Post Twitter LinkedIn Facebook

Advisor Software’s Wealth Management Cloud Serves Up Widget-based Applications

Advisor Software’s Wealth Management Cloud Serves Up Widget-based Applications
By Julie Muhn (@julieschicktanz) Posted on
Categories: Advisor Software, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

AdvisorSoftwareLogoAdvisor Software debuted its Wealth Management Cloud:

Wealth Management Cloud™ was launched in March of 2015 to address an unmet need in the financial services industry: a platform to facilitate the rapid prototyping and development of multi-platform, multi-user, mobile-ready wealth-management applications. Our cloud platform exposes 20 years of intellectual property via APIs, widgets and apps rather than through traditional licensed software. This modular framework offers innovative companies a library of plug-and-play wealth-management building blocks, allowing them to quickly develop new applications while affording them complete control over their user experience.

Presenters: Margarita Petrova, UX designer (seated), and Erik Jepson, chief customer officer

IMG_9963

IMG_9969

Product Launch: March 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Walnut Creek, California
Founded: June 1995
Website: advisorsoftware.com
Twitter: @AdvisorSoftware

Share this:

Send Post Twitter LinkedIn Facebook

ebankIT Launches Omnichannel and Social Banking

ebankIT Launches Omnichannel and Social Banking
By Julie Muhn (@julieschicktanz) Posted on
Categories: ebankIT, FinovateFall 2015

ebankITLogoThis post is part of our live coverage of FinovateFall 2015.

ebankIT showed how its omnichannel and social banking help contextualize banking:

ebankIT aims to materialize a solution that will be much more than a banking application, maximizing the interaction of financial institutions and clients by extending the concept of omnichannel and a new concept of social banking. In the world of omnichannel banking, customers are in control of the channels they wish to use. For example, they can begin an interaction using one channel (mobile while at home) and end it in another (SmartTV or Internet Banking). Omnichannel banking brings the industry closer to the promise of true contextual banking in which financial services become seamlessly embedded into the lives of individual and business customers.

ebankIT presenters: CCO and VP João Pinto and Market Manager Sílvia Barbosa

IMG_9916

IMG_9923

Product Launch: February 2015 at FinovateEurope
Metrics: Revenues around €2 million; 50 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Oporto, Portugal
Founded: January 2014
Website: ebankit.com
Twitter: @e_bank_it

Share this:

Send Post Twitter LinkedIn Facebook