Author: Julie Muhn (@julieschicktanz)

FinovateFall Sneak Peek: Voitrax

FinovateFall Sneak Peek: Voitrax
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2015, FinovateFall 2015 Sneak Peek, Voitrax

VoitraxHomepageThe Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference, and we’ll see you in New York!

VoitraxLogoVoitrax is the only complete solution to comply with Dodd-Frank trade reconstruction requirements. It links and tags all of your trade communications exactly as regulators want them.

Features:

  • Unified communications ready for regulatory reporting as they happen
  • Ability to identify suspicious transactions in real time
  • A complete Trade Reconstruction solution, simplified and delivered

Why it’s great
Voitrax solves one of the toughest requirements in Dodd-Frank. We use a proprietary algorithm to index and tag all of your communications.

VoitraxPresenter1Presenters

Levi Orbach,CEO, Co-founder
Orbach has more than 25 years of Wall Street experience. Mr. Orbach is one of the world’s leading experts in compliance.
LinkedIn

VoitraxPresenter2Craig Eagle, COO, Co-Founder
Eagle is a renowned technology and project-management expert who has produced cutting-edge software for many Fortune 500 companies including some of the world’s largest banks.
LinkedIn

Moshe Rayman,CTO, Co-FounderVoitraxPresenter3
Rayman is a Wall Street technology veteran of more than 20 years, with vast experience in developing real-time systems for the trading floor.
LinkedIn

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FinovateFall Sneak Peek: TransferTo

FinovateFall Sneak Peek: TransferTo
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2015, FinovateFall 2015 Sneak Peek, TransferTo

TransferToHomepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference. We’ll see you in New York!

TransferTo FinovateTransferTo operates a global Mobile Money Hub, enabling organizations to transfer money in real time to mobile phones. The company expects 1 billion mobile money-accounts by 2020.

Features:

  • Faster – real-time transfer to even the most remote locations
  • Better value – lower costs
  • More secure – strong compliance engine screens each transaction

Why it’s great
TransferTo helps businesses offer mobile money, goods and services, and airtime top-ups around the world in real time. TransferTo will launch its Mobile Money Hub at Finovate Fall.

Presenters

TransferToPresenter1Eric Barbier, CEO
Barbier founded TransferTo in 2005. He previously co-founded Mobile 365—the global leader in mobile messaging interoperability of SMS—which was acquired by Sybase in 2006 (for $425 million USD).
LinkedIn

TransferToPresenter2Charles Damen, EVP Global BD, Mobile Money
Damen is responsible for the development of Mobile Money and its strategic partnerships. Charles was a founding member of Mobile 365 and his previous positions include head of global payments at Badoo.com
LinkedIn

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FinovateFall Sneak Peek: RedCloud

FinovateFall Sneak Peek: RedCloud
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2015 Sneak Peek, RedCloud

RedCloudHomepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference, and we’ll see you in New York!

RedCloudLogoRedCloud’s RedCloud 1, launching in November, is a distributed, cloud-based platform used by banks and fintech companies to deliver the next generation of financial services.

Features:

  • Increased speed
  • Greater interoperability
  • Near real-time customization

Why it’s great
With RedCloud 1, banks and fintech companies are ready for the next era in payments. RedCloud 1 empowers clients to build for a Global Marketplace with ease, no matter what size.RedCloudPresenter1

Presenters

Justin Floyd, Founder
Floyd is an entrepreneur and investor, currently serving as a board director and CEO of RedCloud Technologies.
LinkedIn

RedCloudPresenter2Soumaya Hamzaoui, Chief Product Officer
Hamzaoui is an entrepreneur, investor and chief product officer, most recently involved with RedCloud as their product leader in the company’s global market development.
LinkedIn

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FinovateFall Sneak Peek: Ethoca

FinovateFall Sneak Peek: Ethoca
By Julie Muhn (@julieschicktanz) Posted on
Categories: Ethoca, FinovateFall 2015 Sneak Peek

EthocaHomepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference, and we’ll see you in New York!

EthocaLogoEthoca Alerts helps merchants eliminate chargebacks through a global collaboration network that provides the industry’s largest source of confirmed fraud and customer dispute data.

Features:

  • Eliminate chargebacks
  • Mitigate fraud loss
  • Increase card acceptance

Why it’s great
Ethoca is the world’s largest global collaboration network, connecting 30+ issuing banks and over 2,100 merchants worldwide.

Presenters
EthocaPresenter Julie Fergerson, SVP, Industry Solutions
Fergerson is a leading expert on internet payments fraud with more than 20 years’ experience in the online payments and fraud management industry.
LinkedIn

EthocaPresenter2Steve Durney, SVP, Issuer Relations
Durney has two-plus decades of experience in assessing and implementing a wide range of loss mitigation, cost efficiency, and process solutions.
LinkedIn

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Finovate Debuts: Emailage Detects Fraud Through Users’ Email Address

Finovate Debuts: Emailage Detects Fraud Through Users’ Email Address
By Julie Muhn (@julieschicktanz) Posted on
Categories: Emailage, Finovate Debuts

 

EmailageHomepage

Emailage is a unique fraud prevention company. Its global risk assessment service helps companies underwrite risk simply by analyzing email addresses, with no further personal information required.

Emailage facts:

  • Saved companies over $140 million last year
  • Is used on every continent except Antarctica
  • Has offices in Sao Paulo, Brazil and London

Emailage has access to more than 4 billion email addresses, 25 million of which are associated with fraud. If an email address in a client’s list is associated with fraud, Emailage flags it and assigns a risk score.

The company’s fraud-prevention solution applies to any situation where an email address is provided. Examples include:

  • Account onboarding
  • P2P money-transfer
  • Account maintenance for existing customers
  • Ecommerce transactions

Additionally, Emailage has partnered with other fraud-prevention solutions to provide an added layer of protection.

How it works

URLEMAILIP1) Receive email addresses
Clients upload batches of email addresses to check for fraud. Multiple ways to upload include:

  • Browser extensions for Chrome, Firefox, and Internet Explorer
  • Rest API
  • Web portal
  • Batch processing
  • Secure file transfer protocol (SFTP)
  • URL/ HTTP Get calls

2) Evaluate risk
Emailage validates the emails and collects data associated with them. In real time, its algorithm alerts clients of any fraudulent activity associated with the addresses. It uses machine learning, so fraud alerts improve with every use.

3) Assign risk score
Emailage sends clients a risk score for each email address, along with the data, such as domain information, accompanying each.

EmailageOutput

The fraud-risk output is easy to understand. Businesses can customize the data by adjusting the scoring system to suit their preferences. Emailage’s algorithm detects 50% of all fraud problems with a 30% hit ratio. Its scoring system ranges from 1 to 1,000:

Emailageriskscore

In January, Forbes listed Emailage as one of 100 of America’s most promising companies of 2015.

Emailage debuted its browser extensions at FinovateSpring 2015 in San Jose. Check out the demo video below.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Blockchain, CardFlight, Cloud Lending, Fidor Bank, FinDEVr APIntelligence, InComm, Kabbage, On Deck Capital, PayPal, Tradier, Xero

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, 6/7 Oct in San Francisco.

Developer news

  • CIO of UBS asserts the blockchain will heavily impact financial services.
  • Inc. Magazine: “Why Fintech Is One of the Most Promising Industries of 2015″
  • Accenture and leading banks invite applications for Fourth Annual FinTech Innovation Lab London.
  • Tool of the week: SplitMetrics allows A/B testing of App Store promotional pages.

The latest from upcoming FinDEVr 2015 presenters

  • PayPal acquires mobile commerce platform Modest, its first acquisition as a standalone, public company.
  • Inc. Magazine ranks Kabbage the 36th fastest-growing U.S. private company.
  • Silicon Republic recommends following OnDeck on Twitter.
  • FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Fidor Bank CEO Matthias Kroner calls bitcoin a “natural part of the digital lifestyle.”
  • PayPal ranks in the top 5 of payments companies based on market cap.
  • Blackberry selects PayPal for its P2P Payments provider.

Alumni updates

  • TradeSharp integrates with Tradier to offer brokerage services and enhanced trading strategies.
  • InComm to expand offerings in Asda, the United Kingdom-based subsidiary of Walmart.
  • Blockchain achieves 4 million bitcoin wallets.
  • Xero announces plan to help SMEs get bank loans.
  • Cloud Lending Solutions unveils CL Originate, its next generation, cloud-based loan-origination platform.
  • CardFlight’s SwipeSimple to power Integrity Mobile’s mPOS tech.

Stay up to date on daily developments by following FinDEVr on Twitter.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bright Funds, CardFlight, Eco-Mail, FIS, Hedgeable, InComm, Lighter Capital, PayPal, Pindrop Security, SocietyOne, Socure, Tradier, WePay

On Finovate.com

Around the web

  • Pymnts interviews Rich Aberman, WePay co-founder.
  • TradeSharp integrates with Tradier to offer brokerage services and enhanced trading strategies.
  • Gwyneth J. Gaul joins Bright Funds as the company’s new vice president of corporate partnerships.
  • Dividend.com features several alums in its discussion on how robo-advisors are changing the investment world.
  • Washington Technology Industry Association creates video about Lighter Capital.
  • InComm to expand offerings in Asda, the United Kingdom-based subsidiary of Walmart.
  • PayPal acquires mobile commerce platform Modest, its first acquisition as a standalone, public company.
  • Socure appoints Michael Hiskey as vice president of marketing. Join Socure at FinovateFall 2015 in New York.
  • Investment News quotes Hedgeable CEO Mike Kane on bitcoin’s prospects as an alternative asset class. See Hedgeable in New York at FinovateFall 2015.
  • Avidia Bank ($1.2 billion) to deploy Cardless Cash ATMs courtesy of partnership with FIS.
  • Eco-Mail names John Schloff as managing director of marketing. Catch Eco-Mail live at FinovateFall 2015 in September.
  • CardFlight’s SwipeSimple to power Integrity Mobile’s mPOS tech.
  • Pindrop Security appoints Mike Vandiver as chief financial officer.
  • Check out this week’s FinDEVr APIntelligence.
  • Australia-based SocietyOne hits $200m in applications.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, Betterment, Fidor Bank, Klarna, MX, Nous.net, On Deck Capital, Ripple, TIO Networks, TSYS, WePay, Zopa

On Finovate.com

  • “Four Finovate Alums Land on Inc. Magazine Top 100″

Around the web

  • Check out Utah Business’s video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. Come see what MX has for developers at FinDEVr this October.
  • Silicon Republic names WePay, Betterment, and OnDeck as companies to follow on Twitter.
  • Pymnts examines how Ripple Labs’ partnership with Earthport enables payments between global trading partners in real time.
  • TSYS hires Patricia Watson as Senior EVP and CIO.
  • Finovate, FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Waters Technology looks at the use of sentiment analysis by investment-oriented startups like Nous and Market Prophet.
  • BankNXT profiles the partnership between two disruptive businesses, Uber and Zopa.
  • Klarna valued at more than $2.25 billion after secondary offering.
  • Fidor Bank CEO Matthias Kroner calls bitcoin a “natural part of the digital lifestyle.”
  • TIO Networks initiates a non-brokered private placement of up to 2.1 million Common Shares priced at $1.08 CAD per share.
  • AcceptEmail names Ron Averett as president and CEO for U.S.A. and Canada.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Four Finovate Alums Land on Inc. Magazine Top 100

Four Finovate Alums Land on Inc. Magazine Top 100
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Kabbage, Prosper, WePay

Inccollage

Last week, Inc. Magazine published its annual ranking of private American companies based on 3-year revenue growth.

Four out of the top 100 companies are Finovate alums:

KabbageLogo2015Kabbage, provides working capital to small businesses online:

WePayLogoWePay, payment technology provider for online platforms and marketplaces:

ProsperLogoProsper, online P2P lending platform:

CardlyticsLogoNewCardlytics, a card-linked offers platform that provides big-data insights to financial institutions

Further down this year’s list are Payoneer, ranked 1976; CAN Capital, ranked 3206; Forte Payment Systems, ranked 4,466.

Having four alums among the 100 fastest-growing companies is a testament to fintech’s recent growth spurt. Last year, only two—Lending Club (ranked 248) and OnDeck (ranked 726)—made the top 1,000. Since both went public in late 2014, neither qualified for this year’s list.

The increasing number of Inc.’s 500 fintech companies is partially fueled by the swell in funding over the past few years. Inc. Magazine noted this trend in its recent article, Why Fintech Is One of the Most Promising Industries of 2015. It primarily focuses on WePay’s achievements but also highlights growth and success stories throughout the industry.

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Payoneer Pulls in $50 Million

Payoneer Pulls in $50 Million
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Payoneer

PayoneerHomepage2

PayoneerPlacedMobileCross-border payments platform Payoneer closed its eighth round of funding yesterday, a $50 million investment from seven contributors.

Financiers include new investors Greylock, Secondary Market, and Wellington Management. Existing investors Carmel Ventures, Nyca Partners, Ping An, and Susquehanna Growth Equity also contributed.

The new installment brings the company’s total funding to $90 million. While shares were purchased from existing investors, all of Payoneer’s major shareholders retained the majority of their holdings.

Payoneer’s money-transfer solutions enable small businesses and professionals to receive funds in 150 currencies and withdraw the money to their local bank account in their own currency. It also facilitates mass payouts for businesses looking to transfer money internationally, a service that supports companies such as newegg, airbnb, and fiverr.

The New York-based company has 500 employees in offices across Silicon Valley, Europe, and Asia.

Payoneer debuted its commercial account capability at FinovateAsia 2013. Check out the live demo video below:

 

 

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Boku, Cloud Lending, DigitalMailer, Entersekt, Geezeo, Holvi, MicroStrategy, Payoneer, PayPal, ProfitStars, Prosper, Tradeshift, Zooz

On Finovate.com

Around the web

  • FIDO Alliance now certifies security products from Entersekt and MicroStrategy.
  • Prosper updates credit model to PMI 6.
  • Boku acquires Mobileview Italia, offering it access to all four of the major mobile carriers in Italy.
  • NAFCU chooses Geezeo as PFM Preferred Partner.
  • Cloud Lending Solutions unveils CL Originate, its next generation, cloud-based loan-origination platform.
  • PYMNTS.com takes a look at Tradeshift’s acquisition of Merchantry.
  • BlackBerry and PayPal team up to beta test P2P payments via BBM in Canada.
  • Albawaba profiles Zooz and its unique approach to hiring developer talent.
  • Partnership with DigitalMailer to enable Primadata to provide its clients with the ability to send digital statements.
  • The Tennessean names ProfitStars a 2015 Top Workplace.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday

FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr 2015 San Francisco

FinDEVrYodlee

For FinDEVr’s second visit to the Bay Area on 6/7 October, we’re projecting a sell-out crowd of more than 600 builders from organizations such as:

  • JP Morgan Chase
  • Twitter
  • Intel
  • BancVue
  • ING
  • Experian
  • TSYS
  • USAA
  • Insuritas
  • Wells Fargo

Very-early-bird tickets offer discounted access to this developer-focused event. Sixty companies will present their latest case study, innovation, or tutorial, followed by a Q&A session and one-on-one networking. So you will get all of your questions answered from the industry’s top tech gurus.

It will all take place at the UCSF Mission Bay Conference Center in San Francisco. Be sure to register before the discount expires on Friday.

FinDEVr is sponsored by Yodlee Interactive. Our event partners are the Bank Innovators Council, BankersHub, BayPay Forum, bobsguide, California Bankers Association, Celent, The CoinTelegraph, Mercator Advisory Group, and SF Fintech.

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