EyeLock Launches USB-Powered Biometric Authentication Device

EyeLock Launches USB-Powered Biometric Authentication Device
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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.

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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.
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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.
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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.
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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.
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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
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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
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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.
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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

Geezeo Launches TruBusiness to Help FIs Engage Business Customers

Geezeo Launches TruBusiness to Help FIs Engage Business Customers
This post is part of our live coverage of FinovateFall 2014.
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Geezeo debuted TruBusiness, a white-label financial management tool for businesses:

“Small and middle market businesses represent critical markets for FIs. TruBusiness is a white label business financial management tool that helps FIs better engage the market. At the same time, the tool offers robust online financial management to business banking clients, offering business customers and FIs predictive insight and capability beyond the expected.”
Presenting: Shawn Ward, CEO and Peter Glyman, President
GeezeoHomepage
Product Launch: November 2014
Metrics: Geezeo, a rapidly growing, established FinTech firm, is privately held, has 30 employees, and over 300 financial institutions as clients.
Product distribution strategy: Like all Geezeo products, we expect our business financial management solution will be offered to financial institutions directly and via channel partners through other fintech companies with a keen interest in the small to mid-size business banking market.
HQ: Tolland, CT
Founded: June 2006
Website: geezeo.com 
Twitter: @Geezeo

Minetta Brook’s KNEWSAPP Helps Traders Surface Developing News Stories

Minetta Brook’s KNEWSAPP Helps Traders Surface Developing News Stories
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This post is part of our live coverage of FinovateFall 2014.

Minetta Brook launched KNEWSAPP:
“Minetta Brook is launching a web application version of KNEWSAPP, a real-time news scoring and discovery application that is currently available only on the Bloomberg Professional™ platform. KNEWSAPP allows trading and investment professionals to take advantage of news related market inefficiencies by surfacing tickers, topics, and stories that are currently developing in the news. 
This web based product democratizes access to our ground-breaking, real-time, content-discovery technology and to our proprietary scores that lets you surface developing stories from across the entirety of news.”
Presenting: Deepak Bharadwaj, CEO & Founder and Viplav Nigam, VP Engineering
MinettaBrookHomepage
Product Launch: September 2014
Metrics: $2.4M in funding, 10 employees, over 100 firms in trial & beta, 40,000+ news sources
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: Seattle, WA
Founded: September 2011
Website: knewsapp.com
Twitter: @knewsapp