Yodlee Launches Recommendations Engine that Uses Behavioral Psychology

Yodlee Launches Recommendations Engine that Uses Behavioral Psychology

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

Yodlee showed off how it is using behavioral psychology and data to personalize recommendations and advice:

At Yodlee, we believe there is massive potential to change and shape financial habits and behaviors leveraging data, analytics, & progressive engagement to encourage good behaviors – making it easier to say yes (to saving) than no. Our newest innovation embraces behavioral psychology & data clustering to automate chores, make personalized recommendations & provide actionable advice.

Research demonstrates that feelings matter when it comes to selling financial products, so helping people feel good about their finances & meet their personal goals means expansive value to financial providers. Yodlee’s latest innovation capitalizes on key data-driven insights to fundamentally change the digital banking experience.”

Presenters: Katy Gibson, VP, product applications; John Bird, VP, product marketing; David Lee, chief marketing officer

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Product Launch: May 2015

Metrics: Yodlee (Nasdaq: YDLE) is a global financial technology leader with 800+ customers, 64 issued U.S. patents, millions of users, and more than 900 employees worldwide.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other companies

HQ: Redwood City, California
Founded: February 1999
Website: yodlee.com
Twitter: @yodlee

Karmic Labs Launches Dash to Give Employees Access to Corporate Funds

Karmic Labs Launches Dash to Give Employees Access to Corporate Funds

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

KarmicLabs_Dash_logoKarmic Labs debuted Dash:

Through a single app, Dash allows employees of companies and organizations to dynamically gain access to corporate funds through various mechanisms configured to the entity. Dash also handles all expense management at no cost and in real-time, so no more time delays or need for third-party solutions. The API-based Dash marketplace also enables additional financial services. The service functionality is available directly to businesses via Dash, as well as through participating financial institutions via a partner of Karmic Labs.

Presenters of the Dash app: Ryan Weidenmiller, CEO; Chris Agerton, CTO; Troy Land, emerging commerce, FIS

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Product Launch: Limited beta, December 2014; open beta, April 2015

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

HQ: San Francisco, California
Founded: January 2014
Website: getdash.io
Twitter: @getdashnews

Stratos’ Bluetooth Connected Card Digitizes the Card Issuance System

Stratos’ Bluetooth Connected Card Digitizes the Card Issuance System

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

StratosLogoStratos debuted its digital card issuance platform:

Stratos is reinventing your wallet and cards like the iPod and iTunes reinvented your CD collection. Stratos consolidates your debit, credit, loyalty and gift cards into one dynamic card. Stratos Card works in conjunction with Stratos Digital Card Issuance Platform which will debut virtual card issuance, allowing cards to be downloaded instantly, digitizing the physical fulfillment system that issues billions of cards in the U.S. The platform analyzes card-usage trends and interactively engages card members. Stratos works with the mobile lockscreen, making real-time location or history-based suggestions, and offers patented security card-lockdown and insights for a superior customer experience. Its dual stripe technology ensures 100% compatibility with existing card-acceptance infrastructure.

Presenters: Co-founders Thiago Olson, CEO; Henry Balanon, CTO

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Product Launch: The Stratos Card began shipping to consumers in April 2015; however, the Stratos Digital Card Issuance Platform is being announced and demonstrated for the first time at FinovateSpring 2015.

Metrics: Stratos has raised over $7M in funding to-date. The company has more than 50 employees, contractors, consultants and overseas manufacturing teams.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: Ann Arbor, Michigan
Founded: 2012
Website: stratoscard.com
Twitter: @StratosCard

Ondot Systems’ CardConnect Enables Consumers and Banks to Converse in Real Time

Ondot Systems’ CardConnect Enables Consumers and Banks to Converse in Real Time

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

FS2015_Ondot_logoOndot Systems launches its CardConnect solution:

CardConnect utilizes the smartphone app and location, and transaction context, to establish an instant communication channel enabling financial institutions and consumers to converse in real-time.

• Card Issuers can notify at-risk cards to consumers and set higher level of controls
• Card Issuers can request consumers to confirm any transaction in real-time
• Consumers can initiate transaction disputes from their mobile device
• Consumers can set travel notifications, and card issuers can automatically update notifications using location tracking on consumers’ phones
• Consumers can rate transactions, and card issuers can use aggregate ratings to create personalized contextual offers

Presenter of the CardConnect solution: Vaduvur Bharghavan, CEO, Ondot

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Product Launch: May 2015

Product distribution strategy: Through financial institutions

HQ: San Jose, California
Product Demoed: CardConnect
Website: ondotsystems.com

Mitek Showcases New Mobile Photo Account Opening Capabilities

Mitek Showcases New Mobile Photo Account Opening Capabilities

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

Mitek showcased its guaranteed ID authenticity validation technology:

Mitek is showing how to improve funnel metrics and double the number of accounts booked with Mobile Photo Account Opening for Mobile Web. Then we’ll showcase our new, instant, and guaranteed ID-authenticity-validation technology, which is a key to the future of mobile identity proofing.

Presenters: Michael Nelson, VP, business development; Sarah Clark, VP, product

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Product Launch: Georgia, fall 2015

Metrics: Our technology is used by more than 47M users of 3,300 banks. Mitek has 60+ employees; 8,186 average web sessions per month; 2014 revenue of $19M.
Product distribution strategy: Direct to Business (B2B), through fintech companies and platforms

HQ: San Diego, California
Founded: January 1985
Website: miteksystems.com
Twitter: @MitekSystems

MoneyAmigo Delivers Traditional Banking Products in a Non-Traditional Way

MoneyAmigo Delivers Traditional Banking Products in a Non-Traditional Way

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

MoneyAmigo showed how its serves underserved markets:

MoneyAmigo fuses a simple user experience with innovative and sophisticated “in-chat” peer-to-peer payments – crossing any boarder in 3 clicks, 3 seconds. By providing basic banking functionality—bank account, debit card, bill payment and direct deposit—for free, along with an innovative peer-to-peer payment platform, MoneyAmigo provides financial control for those who are un/underbanked. MoneyAmigo breaks the rules of traditional banking by providing users an easy-to-understand, interactive app to manage their money needs in a straightforward and respectful manner. MoneyAmigo makes managing money fast, fair and friendly.

MoneyAmigo presenter: Founder Kim Norland, CEO

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Product Launch: May 2015

Metrics: $300,000 raised; 7-person dedicated team, lead by Kim Norland. Team part of design:success—international innovation firm.
Product distribution strategy: Direct to Consumer (B2C), licensed

HQ: Las Vegas, Nevada
Founded: January 2015
Website: moneyamigo.com
Twitter: @moneyamigo

3E Software’s Teslar Creates Efficiencies in Lending and Credit Management

3E Software’s Teslar Creates Efficiencies in Lending and Credit Management

3ESoftwarelogoThis post is part of our live coverage of FinovateSpring 2015.

3E Software debuted Teslar, a product that fosters efficiency for financial institutions:

Teslar is a revolutionary lending and credit management Software-as-a-Service solution that empowers bankers to be more efficient and effective by giving them a cradle-to-grave platform. With its ability to help in almost all facets of lending, from pipeline and call activity to loan review, there is little that Teslar can’t do.

Teslar presenters: Joe Ehrhardt, 3E president, CEO; David Ankeny, VP software development

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Product Launch: December 2008

Metrics: Self-funded and boot-strapped with $2,000 in capital; 100% employee-owned; 5-year annual average revenue growth rate over 150%
Product distribution strategy: Direct to Business (B2B)

HQ: Fayetteville, Arkansas
Founded: July 2008
Website: 3esoftware.com

 

Encap Security Integrates with Touch ID

Encap Security Integrates with Touch ID

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

Encap Security demonstrated how it can enable financial institutions to take advantage of new authentication methods:

Encap is demonstrating how their platform can enable institutions to offer choices to their customers, without sacrificing on security, or creating a management headache. Showcasing their integration of Touch ID, Encap will demonstrate how their solution can detect and use device capabilities as they come to market. The result is a flexible platform that allows financial institutions to take advantage of new authentication factors as they emerge, without the pain of reengineering the entire authentication framework. This flexibility allows Encap to be a truly omnichannel authentication option, and perhaps the only one that improves both security and usability.

Presenters: Adam Dolby VP, Americas; David Nayes, sales director, Americas

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Product Launch: June 2014

Metrics: Encap Security’s management team has an unrivaled pedigree in authentication and mobile financial services. The Encap Security executive team has 60+ years of experience across mobile financial services, identity management, and mobile app security. The total investment made in Encap Security is €4.8M.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

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

FinovateSpring 2015: Fintech Across America & Beyond

FinovateSpring 2015: Fintech Across America & Beyond

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With FinovateSpring just over the horizon, we took a look at where the 72 presenting companies will be traveling from before they arrive in San Jose on 12/13 May.

We’ll be hosting companies from 23 states and six countries.

It turns out that 17 of the companies are already based in Silicon Valley and will not need to travel far to get to the City National Civic Center on Tuesday morning. The company with the longest travel distance is Persistent Systems, which is headquartered in Pune, Maharashtra, India.

No matter what your commute to Finovate’s eighth event in the Silicon Valley looks like, you should be getting excited to come check out what’s new in fintech.

Still don’t have your ticket? Pick one up soon.

You can check out more information about the presenting companies on the FinovateSpring event page or browse our Sneak Peek blog series.


FinovateSpring 2015 is sponsored by The Bancorp, CapitalSource, City National Bank, Envestnet, Financial Technology Partners, Hudson Cook LLP, KPMG, Kyriba, Life.SREDA, and Zions DirectTV.

FinovateSpring 2015 is partners with Aite Group, American Banker’s Association (ABA), Bank Innovators Council, Bankers Hub, BayPay Forum, bob’s guide, Breaking Banks, California Bankers Association, Canadian Trade Commissioner Service, Celent, ebankingnews, Filene Research Institute, fin-tech.org, HotWire, Javelin Strategy & Research, Mercator Advisory Group, The Paypers, SME Finance Forum, and Western Independent Bankers.

Finovate Alumni News

Around the web

  • Xero’s new feature helps businesses manage their data with a new dashboard that displays a variety of benchmarking metrics.
  • Pymnts talks with Eric Remer, founder and CEO of PaySimple, about its holistic payments solution.
  • Taulia launches mentorship program for women.
  • iSignthis inks agreement with SolidTrustPay to provide identity and authentication services.
  • MasterCard acquires Applied Predictive Technologies (APT) for $600 million.
  • Business Solutions profiles security specialist, Arxan Technologies.
  • The Economist features MaxMyInterest, a solution for “yield-hungry savers.”
  • Nasdaq’s Street Authority contrasts Vanguard with “robo-advisers” including Betterment, FutureAdvisor, Motif Investing, and Wealthfront. Join Vanguard in San Jose in May for FinovateSpring 2015.
  • Place2Give launches Nepal Relief Fund.

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.

FinovateSpring 2015 Sneak Peek: Part 7

FinovateSpring 2015 Sneak Peek: Part 7

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It’s hard to believe FinovateSpring 2015 is just two weeks away. We’re getting excited about greeting familiar faces in the fintech community and eager to see the wide variety of fintech to be demoed 12/13 May. Register here to join us.

Today’s Sneak Peek introduces 15 more presenters.

Here’s a catalogue of the entire Sneak Peek series:


AvokaLogoAvoka’s frictionless digital engagement platform eases the pain of online transactions for financial organizations.

Why it’s great
Avoka gets real-world results.

  • Founded: 2002
  • HQ: Broomfield, CO

CBWBankLogoCBW Bank will show Yantra’s ONE Card platform that provides a secure and convenient alternative to traditional bank accounts for financial institutions, program managers and corporate clients.

Why it’s great
Yantra rebuilds plumbing, standardizes and normalizes data across channels, and embeds compliance.

  • Founded: 1892
  • HQ: Weir, Kansas

CloudLendingLogoCloud Lending SolutionsCL Exchange increases the volume of loans for all non-bank lenders.

Why it’s great
Cloud Lending Solutions uses an auction marketplace to bring borrowers and lenders together.

  • Founded: 2012
  • HQ: San Mateo, CA

ContextRelevantLogoContext Relevant’s automated behavioral predictive analytics software is solving Wall Street’s most daunting challenges for large financial institutions.

Why it’s great
Context Relevant works in real time.

  • Founded: 2012
  • HQ: Seattle, WA

DealstruckLogo2015Dealstruck’s web and mobile managed-asset-based line of credit offers flexible capital to small businesses.

Why it’s great
Dealstruck uses intuitive interfaces, advanced integration with existing technologies, strategic financial institution partnerships and easy-to-understand functionality.

  • Founded: 2013
  • HQ: Carlsbad, California

DriveWealthLogoDriveWealth’s Brokerage-as-a-Service offers mass retail investors low cost access to the world’s most desired asset class.

Why it’s great
DriveWealth offers a full-stack investing platform.

  • Founded: 2012
  • HQ: Chatham, New Jersey

DwollaLogo2015Dwolla’s platform of innovation, authentication and directory tools offer government, businesses, and consumers the ability to disseminate personal information when sending or receiving payments.

Why it’s great
Dwolla charges just $0.25 per transaction or is free for transactions $10 or less.

  • Founded: 2008
  • HQ: Des Moines, Iowa

DynamicsLogo2015Dynamics produces and manufactures intelligent, powered payment cards.

Why it’s great
Dynamics’ intelligent payment cards enable users to earn exclusive rewards faster than traditional cards.

  • Founded 2007
  • HQ: Cheswick, Pennsylvania

EncapLogo2015Encap Security ‘s strong authentication solution powers user verification and transaction security.

Why it’s great
Encap Security works with any and every access point of any bank.

  • Founded: 2013
  • HQ: Palo Alto, California

EyeBuyLogoEyeBuy’s TV and video monetization platform enables consumers to purchase products on impulse that they see on TV.

Why it’s great
EyeBuy’s technology recognizes products on TV and video.

  • Founded: 2014
  • HQ: Rancho Murieta, California

FISLogoFIS Mobile’s mobile banking feature solves the mobile innovation gap for financial institutions.

Why it’s great
FIS Mobile enables banks to expand their card services to consumers’ mobile devices.

  • Founded: 2006
  • HQ: Jacksonville, Florida

KabbageLogo2015Kabbage’s Kabbage Card offers access to working capital for small businesses.

Why it’s great
Kabbage gives small businesses immediate access to their funds.

  • Founded: 2009
  • HQ: Atlanta, Georgia

KnoxLogo2015Knox Payments is a payment processing platform that uses customers’ bank account credentials, not their credit card.

Why it’s great
Knox enables merchants to process payments across all platforms for just $0.18.

  • Founded: 2014
  • HQ: Richmond, Virginia

LendingTreeLogoLendingTree is an intelligent personal finance platform that simplifies the complexities in loan shopping to save borrowers money.

Why it’s great
LendingTree uses brand equity, proprietary technology and complex algorithms.

  • Founded: 1996
  • HQ: Charlotte, North Carolina

LendKeyLogoLendKey is an online lending technology platform for consumers and financial institutions.

Why it’s great
LendKey offers a transparent loan shopping experience.

  • Founded: 2007
  • HQ: New York City, New York

Stay tuned on Thursday when we’ll introduce the remaining presenters.

Finovate Alumni News

On Finovate.com

Around the web

  • After being acquired by Prosper in January, American Healthcare Lending has changed its name to Prosper Healthcare Lending.
  • Early Warning’s Authentify xFA wins Gold for Authentication Product of the Year at Info Security’s 2015 Global Excellence Awards.
  • Lighter Capital closes twice as many deals in Q1 of 2015 than it did in all of 2014.
  • On Deck expands small business lending in Canada.
  • Trunomi adds new chief architect, Kartik Venkatesh.
  • Tradier teams up with Apex Clearing Corporation to bring brokerage solutions to digital RIAs.
  • peerTransfer adds 56 new schools to its client base in Q1 2015, bringing its total to 650+ educational providers worldwide.
  • VentureBeat: PayPal brings its One Touch payments to the web.
  • Credit Karma wins gold medal in the Financial Services/Banking division at the 2015 Edison Awards.
  • UST Global and Kony launch new mobile app for Blue Cross of Idaho members.

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.