Author: Julie Muhn (@julieschicktanz)

MShift’s AnyWhereMobile Can Increase Debit Card Revenue for FIs While Reducing Interchange for Merchants

MShift’s AnyWhereMobile Can Increase Debit Card Revenue for FIs While Reducing Interchange for Merchants
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, mShift
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This post is part of our live coverage of FinovateSpring 2014.

First to take the stage this session, MShift showed how AnyWhereMobile can bring debit card revenue to financial institutions while reducing interchange expenses for merchants: 
“AnyWhereMobile is a mobile payment network that will reverse the trend of Durbin and stabilize debit card margins for issuers while reducing interchange for merchants by 50%. AnyWhereMobile issuers will benefit from increased transaction volume, as merchants will be incentivized to steer a consumer’s tender choice to AnyWhereMobile. 
Our innovation creates a win-win-win for financial institutions, merchants, and consumers by fundamentally reducing the cost of a payment and passing the savings on to all three parties. AnyWhereMobile payments are authorized and secured at the point of sale in real time and have no dependency on any static card numbers.”
Presenting: Jeff Chen (VP Business Development) and Alan Finke (VP Engineering & Development)

Product Launch: August 2014 
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Fremont, CA
Founded: January 1999
Website: mshift.com 

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D3 Banking’s Full Suite of Digital Banking Solutions Creates a Better Customer Experience

D3 Banking’s Full Suite of Digital Banking Solutions Creates a Better Customer Experience
By Julie Muhn (@julieschicktanz) Posted on
Categories: D3 Banking, FinovateSpring 2014
This post is part of our live coverage of FinovateSpring 2014.

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Last to demo this session, D3 Banking showed how its suite of digital services helps financial institutions create a better end user experience:

“D3 Banking reduces cost and complexity for financial institutions by providing a comprehensive set of digital banking services from a single-code base that can be accessed via laptop, smartphone or tablet. Our responsive web design frees FIs from the overhead associated with maintaining multiple applications for a variety of devices, screen sizes and operating systems. 
D3 Banking provides the customer with a simple, intuitive interface for all types of money movement and provides the FI with least-cost routing options. Our integrated financial management tools automatically categorize transactions to create customizable budgets for customers, and our powerful data-analytics engine helps FIs identify new revenue opportunities.”
Presenting: Mark Vipond (CEO) and Kevin O’Kane (CPO)
Product Launch: November 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Omaha, NE
Founded: 2007
Website: d3banking.com
Twitter: @D3Banking

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BodeTree’s Platform Uses Data to Provide Better Services to Both Small Businesses and Financial Institutions

BodeTree’s Platform Uses Data to Provide Better Services to Both Small Businesses and Financial Institutions
By Julie Muhn (@julieschicktanz) Posted on
Categories: BodeTree, FinovateSpring 2014
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This post is part of our live coverage of FinovateSpring 2014.


Next, BodeTree demonstrated how it can help small businesses get the funding they need while giving financial institutions data to help underwrite the loans:
“BodeTree is a very powerful two-sided platform that serves small businesses and their banking partners. On one side, the system enables small business owners to better manage their businesses and access the capital they need. 
On the other side, it enables financial institutions to deliver a substantially improved customer experience and get the requisite (and reliable) data they need to profitably serve the small business segment.”
Presenting: Christopher Myers (CEO) and JT Archer (COO)
Product Launch: October 2013
Metrics: BodeTree has raised approximately $4.5M to date. Our investors include high net worth investors (including a former presidential cabinet member, head of small business practice at a large NYC private equity shop and CEO of a Fortune 500 company) and Greenline Ventures.
BodeTree has 12 full-time equivalent employees. As of April 2014, BodeTree is on track to have approximately 50,000 small business users and 13 funding partners.
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Denver, CO
Founded: December 2010
Website: bodetree.com
Twitter: @bodetree

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Insuritas Launches SmartCART Technology to Show Bank Clients Insurance Options

Insuritas Launches SmartCART Technology to Show Bank Clients Insurance Options
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Insuritas
InsuritasLogo

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

Next, Insuritas launched its SmartCART technology that helps bank customers shop for and compare insurance products:
“The SmartCART Technology™ platform allows millions of online banking customers to access a supermarket for financial products entirely inside a bank’s online ecosystem. SmartCART provides the same shop, compare, buy, single-checkout, and post-sale online account management experience as Amazon.com but features consumer and small business insurance products from multiple carriers who use SmartCART to compete on coverage. 
SmartCART features buy online, instant issue, online fulfillment for all purchases, takes a single payment from the consumer, reconciles to all carriers providing coverage, and creates an online “Insurance Account” that is available to the customer through the bank’s or e-tailer’s web portal.”
Presenting: Jeffrey Chesky (CEO) and Matthew Chesky (SVP)
Product Launch: April 2014
Metrics: Founded 1998, $10M Series A raise in Q2 2012 from private investors, 60 FTE, $18M+ in sales in 2014, 70+ bank & credit union partners, launched on Overstock.com, 2M+ per month free product impressions, $1.4M supporting sales per month, 76% of product sales revenue renews YOY
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: East Windsor, CT
Founded: 1998
Website: insuritas.com
Twitter: @Insuritas

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ChiaraMail’s Envelope-Content Splitting Technology Authenticates the Email Sender and Receiver Without Extra Friction

ChiaraMail’s Envelope-Content Splitting Technology Authenticates the Email Sender and Receiver Without Extra Friction
By Julie Muhn (@julieschicktanz) Posted on
Categories: ChiaraMail, FinovateSpring 2014
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This post is part of our live coverage of FinovateSpring 2014.


Then, ChiaraMail demonstrated how Envelope-Content Splitting technology can help financial institutions communicate securely with their customers:
“ChiaraMail fully secures email, virtually eliminating identity theft through spoofing. ChiaraMail’s patented and award-winning Envelope-Content Splitting™ (ECS) technology authenticates both the email sender and recipient(s) as well as ensures that no one except the intended recipients(s) can access the content, all without having to use encryption.
ECS-enabled mail applications also gain significant and unique functionality. The applications allow changes to the email after it has been sent, virtually unlimited sizes of attachments, inline video, and greater mail network efficiency for enterprises.
Financial services businesses can have highly secure communications with their customers without threat of spoofing or the hassle of encryption.”
Presenting: David Head (CMO) and Robert Uomini (CEO)

Product Launch: April 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, through enterprise licenses
HQ: San Francisco, CA
Founded: November 2012
Twitter: @chiaramail
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With SmartAsset’s New Mobile App, Users Have Personal Finance Guidance at Their Fingertips

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, SmartAsset
This post is part of our live coverage of FinovateSpring 2014.

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Second on stage this afternoon, SmartAsset stepped up to demo its new mobile app that empowers users with personal finance knowledge:
“SmartAsset is launching its mobile application at FinovateSpring 2014. For Apple and Android, SmartAsset mobile users will have all of the functionality afforded by our web application at their fingertips.”
Presenting: Michael Carvin (CEO) and Noel Curtis (Senior Software Engineer)
Product Launch: FinovateSpring 2014
Product distribution strategy: Direct to Consumer (B2C), Business to Business to Consumer (B2B2C), through financial institutions, through other fintech companies and platforms
HQ: New York, NY
Founded: July 2011
Twitter: @smartasset

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Dealstruck’s New API Helps Institutional Investors by Giving Them Data About Borrowers

Dealstruck’s New API Helps Institutional Investors by Giving Them Data About Borrowers
By Julie Muhn (@julieschicktanz) Posted on
Categories: Dealstruck, FinovateSpring 2014
DealstruckLogo

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

First up after lunch, Dealstruck launched its online investor API that caters to institutional investors:
“Historically, Dealstruck has offered an online matching service for individual lenders and a pooled investment vehicle for institutional investors. This has limited institutional investors to only one aggregate investment option. 
At Finovate, Dealstruck is announcing an online investor API specifically catered to the institutional investor, allowing them to access all data for individual borrowers and to tailor investment decision-making criteria for whole loan and fractional loan investment flexibility.”
Presenting: Ethan Senturia (CEO & Co-Founder) and Russell McLoughlin (CTO & Co-Founder)
Product Launch: April 2014
Metrics: $1.2M raised to date, 13 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Carlsbad, CA
Founded: July 2012
Product Demoed: Investor API
Twitter: @dealstruck

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Quisk Creates a New Type of Payment Account Using Digitized Cash

Quisk Creates a New Type of Payment Account Using Digitized Cash
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Quisk
QuiskLogo

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

Next, Quisk demonstrated its cloud-based digitized cash solutions:
 
“Quisk is the first company to be sanctioned by a central bank for an all-digital bank account with complete and secure banking functionality. Quisk is demonstrating various use cases from its cloud-based digital services and transaction-processing platform. 
The patent-pending Quisk technology utilizes the consumer’s mobile phone number and secured PIN to create and access a new type of payment account, domiciled at a bank or other financial institution. Quisk enables special transaction processing and balance limits to facilitate compliance with Know Your Customer (KYC) and state-of-the-art risk management.”
Presenting: Praveen Amancherla (CTO) and Dan Glessner (CMO)
Product Launch: January 2012
Metrics: Quisk is a pre-revenue startup with approximately 30 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Sunnyvale, CA
Founded: June 2007
Website: quisk.co

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With Interactions’ Conversational Technology, Customers Can Converse Using Natural Language

With Interactions’ Conversational Technology, Customers Can Converse Using Natural Language
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Interactions
InteractionsLogo

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

Next, Interactions showed its conversational solutions:
“Interactions is demoing their conversational solutions for financial institutions. Conversational solutions can seamlessly provide callers with access to balance, transaction history, and account information; yet, Interactions goes a level beyond by allowing the caller to inquire into recent charges, ask complex questions about their accounts, change account information such as addresses and emails, report a card as lost or stolen   . . . the list goes on. 
During our demo, we are calling into a live demo application for a demo client “Franklin Bank & Trust” and interacting with the solution in real time.”
Presenting: Dan Fox (Marketing Manager) 
Product Launch: September 2013
Metrics: We have raised over $100M to date, most recently highlighted by a $40M round led by SoftBank Capital. Our customers include several Fortune 100 companies.
Product distribution strategy: Direct to Business (B2B)
HQ: Franklin, MA
Founded: 2004
Twitter: @interactionsco
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CpIXpress from CUneXus Shows Customers Preapproved Loan Offers at Multiple Touchpoints

CpIXpress from CUneXus Shows Customers Preapproved Loan Offers at Multiple Touchpoints
By Julie Muhn (@julieschicktanz) Posted on
Categories: CUneXus, FinovateSpring 2014
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This post is part of our live coverage of FinovateSpring 2014.


Then, CUneXus demonstrated its perpetual loan-approval product, cpIXpress:
“Our cplXpress product suite allows lending institutions to empower their customers with perpetual loan-approval status across multiple consumer-lending product lines. The solution grants customers ongoing insight into their personal buying power, with the ability to review and instantly accept preapproved loan offers at every touchpoint. 
No loan application is necessary. Our advanced risk-based assessment and pricing engine generates a highly personalized and targeted menu of offers based on each individual’s unique financial situation and profile. Offers are communicated within the client institution’s online, mobile, branch, call center, direct mail, and email channels. We are demoing a selection of online banking and mobile user interfaces.”
 
Presenters: Dave Buerger (President & Co-Founder) and Darin Chong (Co-Founder)
Product Launch: December 2013
Metrics: Founded by a dynamic group of seasoned credit union professionals, CUneXus is privately funded with headquarters in California’s beautiful Sonoma Wine Country. Our team and client list are growing quickly with FI client asset sizes ranging from $400M to over $2B.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
 
HQ: Santa Rosa, CA
Founded: October 2011
Website: cunexus.com
Twitter: @cunexus

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Kofax’s New Mobile Capture Platform Helps Customers Check the Balance of Their Gift Cards

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Kofax

KofaxLogo.jpg

This post is part of our live coverage of FinovateSpring 2014.
Then, Kofax demonstrated how it is making it easier to check balances on retail gift cards:
“Kofax is demonstrating how its new Mobile Capture Platform can help customers automate the process of checking balances on their retail gift cards. The demonstration shows how retailers can enable virtually any smartphone or tablet to hover over a card, detect it, automatically identify the vendor, and immediately display the available balance. 
The solution makes gaining access to gift card information more convenient for gift card issuers. It also gives vendors a cost effective tool that helps them deliver better service and faster transactions to increase customer satisfaction.”
Product Launch: January 2014
Metrics: Subsidiaries in 30 countries, >1,200 employees, 800+ channel partners, products available in 70+ countries, 20,000+ customers, NASDAQ & London Stock Exchange (KFX), $266.3M in revenue, $46.3M adjusted EBITA
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Irvine, CA
Founded: January 1985
Website: kofax.com
Twitter: @kofax

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Vorstack Launches VFS for Coordinated Cyber Defense

Vorstack Launches VFS for Coordinated Cyber Defense
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Vorstack
VorstackLogoNew

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

Then, Vorstack demonstrated how its technology defends against cyber attacks:
“Vorstack’s VFS solution for financial services is a distributed analytics and correlation platform for multi-party coordinated cyber defense. We provide the control and auditability necessary to satisfy strict domestic and international privacy, anonymity, and compliance requirements. 
Our solution natively operates across emerging threat-sharing standards like STIX/TAXII to enable organizations to leverage public-private partnerships and ISACS to promote intelligence sharing. Vorstack’s solution provides a configurable channel for human intelligence collaboration complementing real-time data intelligence analysis.”
Presenting: Joe Eandi (CEO & Founder) and Mark Manning (VP Technical Services)
Product Launch: April 2014
Metrics: Over $5M raised to date, 15+ employees, deployed with multiple leading e-commerce and technology companies, launching with financial services in April 2014
Product distribution strategy: Direct to Business (B2B), licensed
HQ: Los Altos, CA
Founded: March 2011
Website: vorstack.com
Twitter: @vorstack

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