FinDEVr Preview: Who’s Who on Day Two

FinDEVr Preview: Who’s Who on Day Two
FinDEVrLogo

There will be a lot going on over the course of the two day FinDEVr conference in San Francisco next Tuesday and Wednesday. You can still pick up your ticket here.

Each of the companies below will have 6 minutes on stage to show off what their tools are all about:


PaystandLogo

PayStand, an online payment solution that offers zero transaction fees

Presentation: Comparing the Strengths and Weaknesses of Different Payment Types
Card Networks (Visa/MasterCard/Amex), eCheck (ACH/Bank Network/Check21), and Digital Currency (Bitcoin/Ripple/Altcoins) all have unique advantages and disadvantages. Explore the different use cases of why each are valuable and learn how to use PayStand’s unique multi-payment network technology to build the next generation of commerce applications.
Why it’s great for developers:
 
    • Payments as a service
    • Enables merchants to accept eCash, eCheck, and credit card payments
    • Allows for no transaction fees
PayStand is an online payment solution that enables organizations to accept credit cards, eChecks, and digital currency without transaction fees.

PlaidLogo

Plaid, an API that powers fintech applications

Presentation: Plaid: API for Financial Infrastructure
Learn all about Plaid, the problems we’re solving, and the companies we power.
Why it’s great for developers: 
    • Access detailed account and transaction data from financial institutions
    • Authorize accounts for ACH and Wire transfers in seconds
    • Verify account holder information

Plaid is an API for financial infrastructure – we give developers the tools they need to build applications that interface with banks.


PrudenaLogo

Prudena is a subscription-based online community that provides value analysis to developers.

Presentation: Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.

Why it’s great for developers: 

    • Allows you to reduce the time required to perform financial statement analysis
    • Better understand risk by running simulations
    • Aggregate your investments accounts
Prudena automates the process of performing high-quality financial statement analysis–saving investors time and improving their decision-making processes.


securekeyLogo

SecureKey Technologies delivers authentication solutions for online consumer services

Presentation: Moving Away from Passwords: The Future of Digital Identity
We are first exploring some of the traditional ways to secure online access. We will then look at a more innovative approach via device anchoring and dynamic authentication that will show the audience how to strongly and uniquely identify customers with a unified solution across devices.
Why it’s great for developers: 

    • Every authentication event provides unique proof of their customer’s identity
    • Simple access with a better, more secure user experience
    • Eliminates password frustration
briidge.net Connect can provide users with the opportunity to use simpler methods that are actually far stronger than passwords and better secured.

SekurMeLogo

Sekur.me eliminates passwords by turning your phone into your digital identity. 

Presentation: Want to be secure? Eliminate passwords!
If you don’t have a password, it cannot be stolen. See a live demo of a patented disruptive technology taking security to the next level, while making login safer and simpler. And see how it can be used to secure payments and reduce shopping cart abandonment for eCommerce and mCommerce.
Why it’s great for developers: 

    • Eliminate passwords
    • Single-Click payments
    • Checkout and pay in 9 seconds
If you don’t have a password, it cannot be stolen.

SimplyTappLogo

SimplyTapp provides host card emulation

Presentation: Host Card Emulation
Overview of SimplyTapp’s HCE solution and offering.
Why it’s great for developers: 

Host Card Emulation (HCE) is the presentation of a virtual and exact representation of a card using only software.

TagCashLogo

Tagcash, a digital payments and rewards company

Presentation: TAGCASH
The importance and benefits of a platform for both users and merchants that makes use of these key features: digital wallet usage, merchant payments integration, remittance capabilities, and built-in rewards program (which includes marketing modules and advertising).
Why it’s great for developers: 

    • Digital Wallet Usage (including Remittance)
    • Rewards Program
    • Practical Advertising
Cash, Rewards, and Advertising can all be found on a single (yet multi-featured) and safe /secure platform.

TxPUSHlogo

The TxPUSH Initiative makes real time account events available to third party apps.

Presentation: Aggregation 2.0 – TxPUSH and the Evented Financial Web
TxPUSH technology is focused on aligning app user experience and FinTech industry players around the Evented Financial Web. The TxPUSH technology will improve the security model of the existing account aggregation ecosystem and promote the delivery of real-time financial transaction data to account holders in the apps they choose.
Why it’s great for developers: 

    • Eliminate third party interactions with user credentials
    • Push real time transactions to your app
    • See the launch of TxPUSH and the Evented Financial Web
TxPUSH and the Evented Financial Web deliver the framework to build secure, event driven, real-time apps for the Evented Financial Web ecosystem.

ThinknumLogo

Thinknum provides technology for financial analysts to host their financial data in the cloud.

Presentation: Thinknum: A Powerful Web Platform for Financial Analysis
Learn about Thinknum, the web platform that is changing the way that financial analysts work. Find out more about our unique data and technology that enhances the financial research process.
Why it’s great for developers: 

    • Utilize unique web data to value companies
    • Leverage web technology to enhance the research process
    • Manage user generated content
Thinknum is changing the way that financial analysts work, enabling them to manage their own content while enhancing their research processes.

TruliooLogo

Trulioo a cyber identification company.

Presentation: Trulioo’s Global Gateway
Demonstrating how Trulioo’s Global Gateway verifies a consumer’s identity within a single, unique portal. We will input a person’s first name, last name, date of birth and address to show how Trulioo verifies these attributes from our 130+ data sources.
Why it’s great for developers: 

    • Anti-Money Laundering and Know Your Customer compliant electronic ID Verification
    • Instant global address verification for ecommerce and P2P
    • Access over 3B identities
Global Gateway is the leading identity verification solution with the largest coverage in the market.

FinovateFall 2014 Best of Show Winners

FinovateFall 2014 Best of Show Winners
FF2014-BestofShow

After a busy two days at FinovateFall packed with people, some of the most innovative new technology we’ve seen, and some rather entertaining demos, the audience has spoken. 

A huge thanks to everyone who came out to be a part of our record breaking audience and cast their votes. Each attendee was able to vote for their top three favorite company demos both days, and the top seven were crowned Best of Show winners.
BestofShowTrophiesFF2014
Here they are in alphabetical order:

AnchorIDLogo_FF2014

AnchorID for its new way to log into websites and apps. One universal username logs you in with unique security.

blooomLogo_FF2014


blooom for its simple tool built to fix the millions of mis-invested 401(k) allocations for individual clients.

CrowdFlowerLogo_FF2014

CrowdFlower for its leading data enrichment platform to help data scientists, analysts, and engineers collect, clean, and label data to make it useful.

LOYAL3Logo


Loyal3 for its use of social technologies to democratize the markets, making investing in IPOs and stocks easy and affordable for everyone.

MoneyDesktopLogo

MXlogo

MX/MoneyDesktop for its WideNet Technology to help FIs expand their market reach, and its Helios cross-platform digital banking app.

NICESystemsLogo

NICE Systems for its real-time authentication that strengthens and streamlines the authentication process in real-time, while customers converse with an agent.

ToopherLogo_FF2014


Toopher for its multi-factor authentication platform that uses the location awareness of your smartphone to automate authentication for logins and critical actions.

Again, thanks to everyone who came out to the show. We’ll see you next year!

Notes on methodology:  

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
4. The seven companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners. 

EyeLock Launches USB-Powered Biometric Authentication Device

EyeLock Launches USB-Powered Biometric Authentication Device
EyeLockLogo

This post is part of our live coverage of FinovateFall 2014.

EyeLock launched biometric authentication solution, myris:
“Never type a password again– myris is a USB powered Iris Identity Authenticator that grants you access to your digital world. 
myris uses patented technology to convert your individual iris characteristics to a code unique only to you, then matches your encrypted code to grant access to your PCs, e-commerce sites, applications, and data – all in less than 1 second.”
Presenting: Anthony Antolino, Chief Marketing & Business Development Officer, and Jeff Carter, CTO
EyeLockHomepage
Product Launch: September 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY
Founded: January 2006
Website: eyelock.com
Twitter: @EyeLockCorp

Backbase Launches Backbase Engage for Regional Banks and Credit Unions, Backbase Marketplace to Connect with Vendors

Backbase Launches Backbase Engage for Regional Banks and Credit Unions, Backbase Marketplace to Connect with Vendors
This post is part of our live coverage of FinovateFall 2014.

BackbaseLogo.jpg

Backbase showed how Backbase Engage can help smaller financial institutions take control of their digital strategy, and how Backbase Marketplace can connect them with vendors:
“Backbase is launching Backbase Engage. Backbase Engage is a complete digital banking solution that’s out-of-the-box ready and designed to meet the needs of regional banks and credit unions. With Backbase Engage, banks regain control over their digital strategy. Backbase Engage’s easily extensible structure revolutionizes the traditional digital bank delivery model by empowering banks to make their own strategic choices instead of being locked in to those made by core banking vendors. 
Alongside Backbase Engage, Backbase is launching the Backbase Marketplace, an open marketplace for banks to connect with vendors who have come together to offer freedom of choice to banks and credit unions looking to regain control over their digital strategy.”

Presenting: Peter Chapman, Fintech Strategist and Jelmer de Jong, Global Head of Marketing

BackbaseHomepage
Product Launch: September 2014
Metrics: Privately funded, 200+ employees, offices in New York, Atlanta, Amsterdam, London,
Product distribution strategy: Through financial institutions, licensed
HQ: New York, NY
Founded: April 2013
Website: backbase.com
Twitter: @backbase

Linqto Launches Personal Banker to Connect Customers with Tellers

Linqto Launches Personal Banker to Connect Customers with Tellers
This post is part of our live coverage of FinovateFall 2014.
LinqtoCopy

Linqto debuted Personal Banker, a remote banking solution that connects customers with live tellers:

“Linqto Personal Banker introduces real time face-to-face conversations into banking transactions, connecting live, on-duty bank representatives with their customers. 
Linqto uses mobile technology to put the relationship back into personal banking. With live video tellers, your mobile device becomes your neighborhood branch. The customer experiences personal service with remote convenience.
Your bank employees are your most important asset. Give them the power to build stronger relationships with your digital customers using Linqto’s Personal Banker remote banking solution.”
Presenting: Dune Thomas, VP Mobile Banking Solutions and Bill Sarris, CEO
LinqtoHomepage
Product Launch: September 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: Pebble Beach, CA
Founded: January 2010
Website: linqto.com

MoneyStream’s Technology Predicts and Plans Users’ Cash Flow

MoneyStream’s Technology Predicts and Plans Users’ Cash Flow
This post is part of our live coverage of FinovateFall 2014.
MoneyStreamLogo

MoneyStream debuted its technology that learns and predicts a user’s spending pattern:

“MoneyStream sits in between other financial institutions, consolidators, and aggregators, using patent pending technology to manage the complex network of money and creating a direct relationship with the consumer. 
In addition, MoneyStream’s smart technology uses learning algorithms to detect and predict a user’s spending patterns and do a significant part of the user setup for them, just as a trusted personal financial assistant would do. The free service lets users view and pay bills, detects upcoming money issues, and provides visibility to a future cash flow, with little or no effort on the user’s part.”
Presenting: Mike Bertrand, CEO and Gillian Verga, VP Product
MoneyStreamHomepage
Product Launch: October 2013
Product distribution strategy: Direct to Consumer (B2C), B2B2C Partners
HQ: Los Gatos, CA
Founded: September 2012
Twitter: @MoneyStreamApp

LOYAL3 Launches App for iOS 8 for an Easy Way to Buy and Sell Stock

LOYAL3 Launches App for iOS 8 for an Easy Way to Buy and Sell Stock
This post is part of our live coverage of FinovateFall 2014.
LOYAL3Logo

LOYAL3 launched its mobile app:

“The LOYAL3 iOS 8 Mobile App is the easiest way to buy or sell stock, with as little as $10 and no fees. LOYAL3’s app also allows users to quickly access account information, transaction history, fund transfers, and important notifications. For those participating in IPOs, the app makes it easy to view the status of the IPO, receive notifications about IPO pricing and allocation, and confirm or withdraw their IPO reservations right from their iPhone.”
Presenting: Barry Schneider, CEO & Chairman and Matt Gidney, VP Corporate Marketing & Business Development
Loyal3homepage
Product Launch: September 2014 at FinovateFall 
Metrics: LOYAL3 has raised more than $75M in funding and has 130 employees.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: San Francisco, CA
Founded: October 2008
Website: loyal3.com
Twitter: @LOYAL3

Sr. Pago Seeks to Remove the High Fees Associated with Check Cashing Services

Sr. Pago Seeks to Remove the High Fees Associated with Check Cashing Services
This post is part of our live coverage of FinovateFall 2014.
SrPagoLogo

Sr. Pago debuted its card and reader solution:

“With Sr. Pago, small businesses and individuals can both accept card payment for services they render and then have that money loaded onto a card that can be used anywhere MasterCard is accepted. 
It seeks to provide a secure ecosystem for a population that has been subjected to the high fees associated with check cashing, the inconveniences of using convenience stores to perform basic banking functions, and the security risks of carrying cash for everyday transactions.”
Presenting: Pablo Gonzalez Vargas, CEO & Co-Founder
SrPagoHomepage
Product Launch: May 2014
Metrics: The company currently has 25 employees and has raised approximately $1M in seed funding from private investors.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Mexico City, Mexico
Founded: 2010
Website: senorpago.com
Twitter: @SrPagoOficial

FamDoo Launches Modern Allowance to Boost Financial Literacy in Kids

FamDoo Launches Modern Allowance to Boost Financial Literacy in Kids
FamDooLogo

This post is part of our live coverage of FinovateFall 2014.

FamDoo launched its Modern Allowance:
“FamDoo allows parents to buy FamDoo Points or transfer their existing bank and/or loyalty points to our platform, then use those points to reward kids for completed tasks. 
This family rewards system is The Modern Allowance, an applied learning approach to fiscal management and financial literacy. Earned points can be saved, donated, and/or redeemed for a partner’s reloadable debit card product. FamDoo is actively seeking loyalty program and banking partners.”
Presenting: Mark Lacek, CEO & Co-Founder, FamDoo and Michele Landis, VP Business Development
FamDooHomepage
Product Launch: January 2014 (soft launch); May 2014 (2.0)
Metrics: $1.8M raised, 5 FTEs & ~4 FTE contractors, 18,000 members, rated 9 out of 10 in kid pilot
Product distribution strategy:  Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions other FinTech companies and family-oriented platforms
HQ: Minneapolis, MN
Founded: April 2013
Website: famdoo.com

Algomi Launches Honeycomb

Algomi Launches Honeycomb
AlgomiLogo

This post is part of our live coverage of FinovateFall 2014.


Algomi debuted Honeycomb, a buyside GUI that facilitates less risky trades:
“Algomi’s technology collates all information points within a bank’s credit trading business. Customized algorithms are written and push most relevant and profitable opportunities in real time to the appropriate salespeople within the franchise that can help facilitate a riskless trade. 
Algomi’s buyside GUI, Honeycomb, enables end investors to see which dealer is best placed to facilitate these illiquid block trades without disturbing the market picture. Honeycomb brings client marketing up to the standards of the best online retailing (think Amazon.com). Honeycomb is ‘Smart Marketing’.”
Presenting: Stu Taylor, CEO and Usman Khan, CTO
AlgomiHomepage
Product Launch: Q4 2014
Metrics: 87 employees in London, New York, and Zurich, hundreds of registered users globally within multiple investment banks and buyside institutions, $20M raised to date and multimillion dollar revenues in the first year with very high growth trajectory
Product distribution strategy: Direct to Consumer (B2C)
HQ: London, UK
Founded: June 2012
Website: algomi.com 
Twitter: @algomi_ltd

Powerlytics Launches Lending Workbench to Help FIs Make Better Lending Decisions

Powerlytics Launches Lending Workbench to Help FIs Make Better Lending Decisions
This post is part of our live coverage of FinovateFall 2014.
powerlyticslogo

Powerlytics launched its Lending Workbench:

“Powerlytics Lending Workbench is a series of products that provides financial institutions an unprecedented level of data accuracy and granularity throughout the lending life cycle. The Market Strategy platform covers key decision points such as totals for revenue, debt, and number of companies across over 1,110 industries, down to a county level. 
The Portfolio Concentration platform scores companies based on size and industry across multiple geographies or within a geography. Scores focus on risk, growth, and profitability across 27M businesses to assess market risk and opportunity. Powerlytics Business Benchmarks provides detailed company benchmarking.”
Presenting: Kevin Sheetz, CEO & Co-Founder and Pat Brown, Sr. Director, Stategic Sales
PowerlyticsHomepage
Product Launch: September 2014
Metrics: $5M raised to date, 12 employees, clients include some of the largest financial services and professional services companies in the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies
HQ: Doylestown, PA
Founded: April 2011
Website: powerlytics.com 

Anchor ID’s Secure Authentication Solution Makes the Password Obsolete

Anchor ID’s Secure Authentication Solution Makes the Password Obsolete
AnchorIDlogo

This post is part of our live coverage of FinovateFall 2014.

Anchor ID showed how its universal user name replaces the need for passwords:
“Anchor ID’s new approach to global access and identity authentication evolves consumers beyond the frustrating password and security models that compromise convenience and security. We are the only solution that enables consumer freedom to go, buy, and access whatever they want online, with the highest security protections without the use of passwords. 
Users get one universal user name (like a master key) that serves as a unique identifier, your phone is the anchor for authentication, and we apply the pillars of advanced security and authentication: something you know, something you have, something you are. We safeguard that it’s you and not someone else trying to be you.”
AnchorIDHomepage
Presenting: David Schropfer, CEO
Product Launch: September 2014
Metrics: Over $500,000 seed money raised, 5 employees 
Product distribution strategy: Direct to Consumer (B2C)
HQ: Kingston, NY
Founded: January 2014
Website: anchorid.com 
Twitter: @AnchorID