Julie Muhn (@julieschicktanz), Author at Finovate

Lexmark Enhances Mobile Onboarding Platform With Natural Language Interaction

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: FinovateFall 2015, Lexmark

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

Then, Lexmark showed off upgrades to its Mobile Onboarding Platform:

Lexmark is demonstrating a significant customer enhancement to its Mobile Onboarding Platform: a frictionless mobile onboarding process driven by interactive and instructive, natural voice recognition along with a virtual collaboration session to e-sign the application in real time.

The demonstration guides the customer along the new account-application process with instructions and guidance in natural language trained for this specific purpose. The applicant can interact with the platform in plain English to correct data extracted from their driver’s license, advance to the next step, initiate a same-session video-chat to collaboratively e-sign the new account application in real time, and finally to submit the completed application.

Presenters: Darren Collins, global director, financial services and insurance; Chris Edington, senior marketing manager, industry solutions

Metrics: Sells products in more than 170 countries; 12,700 employees; NYSE: LXK; $3.7 billion in revenue (2014)
Product distribution strategy: Direct to business (B2B)

HQ: Lexington, Kentucky
Founded: January 1991
Website: lexmark.com
Twitter: @lexmark

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Encap’s Omnichannel Enablement Platform Offers a Consistent, Secure UX Across Channels

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: Encap, FinovateFall 2015

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

Next, Encap Security debuted its Omnichannel Enablement Platform:

Encap’s Omnichannel Enablement Platform enables financial services companies to unite their previously separate transaction channels to create a clean, consistent, and safe method of access for their customers at any point. The result is increased satisfaction, reduced confusion, and an improved user experience whereby customers always know what to expect and when to expect it. Omnichannel to Encap means truly uniting all channels for customers: telephone, card, ATM, in-branch, online/mobile or anything else. This combination of unity and security allows for the delivery of enhanced products and services, improved revenue, and dramatically reduced costs.

Presenter: Adam Dolby, VP, business development

Product launch: 2014
Metrics: $8.3 million raised; 15 employees
Product distribution strategy: Through financial institutions; through other fintech companies and platforms

HQ: Palo Alto, California; Oslo, Norway
Founded: 2007
Website: encapsecurity.com
Twitter: @encapsecurity

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Fiserv Combines Wearables and iBeacons for ATM Withdraws

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: FinovateFall 2015, Fiserv

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

Next, Fiserv showed how users can withdraw cash from an ATM using wearables and iBeacons:

Fiserv understands that consumers are increasingly demanding more impactful banking experiences from their financial institutions. Built on Fiserv’s globally proven Mobiliti™ platform, this demonstration shows how a consumer can withdraw cash from an ATM without a card by using banking dependent upon wearables and location services with iBeacons/Bluetooth low-energy. This new innovation delivers a rich and compelling banking experience that brings digital and offline together.

Presenters: Andrew Barnett, principal technical sales consultant; David Carr, innovation manager

Product launch: September 2015
Metrics: $5.1 billion revenue in 2014; publicly traded; 21,000 associates worldwide; 13,000 financial institutions and business clients worldwide
Product distribution strategy: Through financial institutions

HQ: Brookfield, Wisconsin
Founded: July 1984
Website: fiserv.com
Twitter: @Fiserv

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D3 Banking Launches Small-business Banking Solution

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: D3 Banking, FinovateFall 2015

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

D3 Banking launched its Small Business Banking solution:

D3 Small Business Banking allows FIs to provide business owners access to the basic financial tools from any digital device. Using transactional analysis, D3 Small Business Banking automatically generates pre-formatted cash flow and income statements, provides budgets based on either a three-month average by category and/or manually inputted data from the end user, and creates reports that provide current and time-over-time analysis of both expense and income categories. In addition, D3 Small Business Banking includes a robust user management and dual approval system with alerting capabilities that work with any digital device, including wearables such as the Apple Watch.

Presenters: CMO Michael Carter and Andy Holdt, director, sales support

Product launch: September 2015
Metrics: D3 Banking has 67 employees; more than 250,000 FI customers use D3’s legacy products; by 2016, a projected one-million+ users will be on its data-driven digital banking platform.
Product distribution strategy: Direct to business (B2B)

HQ: Omaha, Nebraska
Founded: October 1997
Product Demoed: D3 Small Business Banking
Website: d3banking.com
Twitter: @D3Banking

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Sliced Institutional Offers Advisers Access to Alternative Investments

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: FinovateFall 2015, Sliced Investing

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

Sliced Investing debuted Sliced Institutional:

Sliced Institutional gives registered investment advisers access to a suite of alternative investments while also automating all the manual processes associated with private investments: subscription document signing, reporting, custodial integrations, CRM integrations and more.

With this platform, Sliced Investing gives financial advisers access to both blue chip funds and emerging managers, all while providing portfolio analytical tools to help them efficiently invest capital.

Presenters: Sliced Investing Co-founders Akhil Lodha, CTO, and Mike Furlong, CEO

Product launch: August 2015
Metrics: Sliced Investing is a fintech startup backed by Y-Combinator, Khosla Ventures, Great Oaks Venture Capital, TriplePoint Ventures, Data Collective, Aslanoba Capital, Amit Avner, Aaron Levie, and TEEC Angel Fund. The Sliced Investing team has experience in both financial services and technology from their time and experience at Motif Investing, Citi, J.P. Morgan, Mesirow Financial, Wells Fargo, Barclays, Oracle, and FT Partners. Sliced Investing currently has 8 full-time employees.
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms

HQ: San Francisco, California
Founded: June 2014
Website: slicedinvesting.com
Twitter: @SlicedInvesting

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Bizfi Debuts Aggregation Silo for Business Financing

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: Bizfi, FinovateFall 2015

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

Our 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

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

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Avoka Transact Bundles Offer a Code-free Onboarding Solution

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: Avoka, FinovateFall 2015

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

Next, 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

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

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Dealflow Launches a More Efficient Way to Raise Capital

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: Dealflow, FinovateFall 2015

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

Dealflow 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)

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

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HelloWallet Launches Retirement Explorer

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: FinovateFall 2015, HelloWallet

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

HelloWallet 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

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

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

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Euronovate Launches Biometric Fusion Technologies

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: Euronovate, FinovateFall 2015

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

Next, 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)

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

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AcceptEmail Removes the Hassle from Paying Bills

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: AcceptEmail, FinovateFall 2015

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

AcceptEmail 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

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

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

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: DAVO Technologies, FinovateFall 2015

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

Next, 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

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

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Finovate Blog

Author: Julie Muhn (@julieschicktanz)

Lexmark Enhances Mobile Onboarding Platform With Natural Language Interaction

Encap’s Omnichannel Enablement Platform Offers a Consistent, Secure UX Across Channels

Fiserv Combines Wearables and iBeacons for ATM Withdraws

D3 Banking Launches Small-business Banking Solution

Sliced Institutional Offers Advisers Access to Alternative Investments

Bizfi Debuts Aggregation Silo for Business Financing

Avoka Transact Bundles Offer a Code-free Onboarding Solution

Dealflow Launches a More Efficient Way to Raise Capital

HelloWallet Launches Retirement Explorer

Euronovate Launches Biometric Fusion Technologies

AcceptEmail Removes the Hassle from Paying Bills

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