Kofax Showcases its Loan Origination Solution

KofaxLogo.jpgThis post is part of our live coverage of FinovateFall 2013.


Next, Kofax took the stage with its loan origination solution:

“Kofax will demonstrate how lenders can engage borrowers directly on mobile devices enabling them to interact with the loan origination process. Specifically when loans are not in good order and trailing documents are required, the solution engages customers providing them multiple channels to accelerate and supply the complex underwriting process. 
While mobile is the preferred channel, an omni-channel approach is realized using web, email, or fax. Additionally as these supporting documents are processed, analytics technology provides real-time dashboards and visibility across channels of customer engagement and adoption highlighting patterns, trends, bottlenecks, and efficiencies for right channeling customers and improved decisions.”

Product Launch: March 13, 2013
Metrics: Subsidiaries: 30 countries, employees: >1,200, channel partners: 800+, products: available in 70+ countries, customers: 20,000+, London Stock Exchange: KFX, revenue: $262.5M, adjusted EBITA: $48.5M, adjusted diluted EPS: $0.38, & cash: $81.1M

HQ: Irvine, CA
Founded: 1985

Twitter: @Kofax

Presenting Bruce Orcutt (Sr. Director, Product Marketing) and Dimitri Snowden (Visual Strategist)

IMG_K2379.JPG
IMG_K2377.JPG
The full demo video will be available at Finovate.com in mid-September.
  

Backbase Launches the Commercial Banking Edition of its 2.0 Portal

This post is part of our live coverage of FinovateFall 2013.

BackbaseLogo.jpg

Then, Backbase launched its commercial banking offering:

“We are launching Backbase for Commercial Banking. Think PFM for Corporates and UX for the CFOs. Backbase is offering the latest best practices in UX design and cross device customer journeys. The goal of the Commercial Banking Edition is to drastically bring down time-to-market for online and mobile banking projects. The Commercial Banking Edition comes pre-optimized for use on regular browsers, tablets, and smartphones and is completely manageable by the banks’ digital team. 
Backbase for Commercial Banking is seamlessly integrated with the Backbase App Center, offering apps such as:
        • Cash Management Dashboards
        • Invoicing
        • Entitlement and workflow
        • Financing
        • FX Trading
        • Multi-currency ready”
Product Launch: September 2013
Metrics: Privately funded, 150+ employees, offices in New York, Amsterdam, London, Singapore, & Moscow
Product distribution strategy: Through financial institutions & licensed
HQ: New York, NY
Founded: April 2013
Website: backbase.com
Twitter: @backbase
Presenting Dave den Bleyker (VP Sales) and Jelmer de Jong (Global Head of Marketing)
IMG_B2361.JPG
IMG_B2356.JPG
The full demo video will be available at finovate.com in mid-September.

Finovate Alumni News– September 6, 2013

  • Finovate-F-Logo.jpgFiserv launches Predictive Scores tool that models customer behavior. Come see Fiserv at FinovateFall next week.
  • First Federal Savings Bank implements PFM through MoneyDesktop. Check out MoneyDesktop’s new solution at FinovateFall in NYC.
  • PayPal Updates iOS And Android Apps With The Ability To Order Ahead, Pay Restaurant Bills, Access Bill Me Later And More.
  • Woodinville Water District Achieves Significant Increase in Paperless Water Bills in the First 90 Days of doxo Implementation.
  • Members Choice CU To Offer PFM Powered By Geezeo.
  • Braintree adds new layer of fraud protection for merchants.
  • Finovate alumni driving growth in online investment advisory industry.
  • Forbes features article on Narrative Science’s
    Quill. Come see them at FinovateFall next week.


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.

Think You’re Prepared for FinovateFall Next Week? Download the Upgraded Finovate App to Be Your Guide

To help you prepare for FinovateFall in New York on September 10 and 11, download the new Fall edition of the Finovate app, now FF13iphoneIMGSm.jpgavailable in the Apple app store and Google Play store. 

To download, search “Finovate” in the app store or use the links below:

With this improved version, you’ll have all the information about FinovateFall at your AndroidMan.jpgfingertips on your iPhone, Android, or tablet device.

If you’ve previously downloaded the app on your mobile device, be sure to update to the new version prior to the conference.

Features include:

    • Full agenda 
    • Link to Finovate Connect networking tool
    • Presenting company descriptions & contact info
    • Company categories 
FF13ipad2img.jpg

New interactive elements include:

    • My Finovate: Save personalized notes & ratings for each company and email them as a Trip Report
    • Contact button: Ask questions and schedule followups with presenters 
    • Scheduler: Manage your conference schedule 
    • Register for upcoming conferences, find Finovate alums, follow Finovate tweets, and more 

Tickets to FinovateFall are sold out, but please email fall@finovate.com if you would like to be placed on the waiting list, as we may have cancellations.

If you have any questions about the event, see our event page or check out our FAQ here.

Finovate Alumni News– September 5, 2013

  • Finovate-F-Logo.jpgThe Austin business Journal ranks Q2ebanking #29 of Austin-based Largest Private Companies.
  • City National partners with cloud accounting platform Xero.
  • Forrester Research names Ping Identity a leader in Identity and Access Management Suites, Q3 2013 report.
  • Allre and miiCard partner for First Complete Platform to Sell a Home Purely Online.
  • Wipit-powered Boost Mobile Wallet to provide Quick Check Service.
  • WSJ column takes a look at online investment advisors like Wealthfront, Personal Capital, Jemstep, and FutureAdvisor that use algorithms. Meet FutureAdvisor at FinovateFall in New York.
  • Float Money partners with credit reporting agency eCredable to offer consumers interest-free loans. See Float Money at FinovateFall in New York next week.
  • Finovate alums Betterment and LearnVest highlighted in Wall Street Journal column on innovations in the online investment advisory business. Watch LearnVest demo their technology next week at FinovateFall.
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.

Capital Access Network Names Former GE Capital Executive, Shiladitya Ray, New CFO

CapitalAccessNetworkLogo.jpg

Capital Access Network, a platform that provides working capital to small businesses, announced the addition of a new CFO, Shiladitya (“Shila”) Ray.

CANShila.jpg

Ray is the former CFO of Global Operations for GE Capital Americas. According to his LinkedIn profile, Ray is a:

“Strategic Finance leader with global experience in leading finance and business operations. Served as CFO for multiple businesses with 15+ years of executive leadership and experience in global organizations.”

In his new position, Ray will help develop long-range growth strategies.

Capital Access Network’s former CFO, Daniel DeMeo, is now its Chief Executive Officer.

In May of this year, Capital Access Network provided U.S.-based small businesses access to $66 million. In the month of July it provided access to more than $74 million.

To learn more about Capital Access Network, come see its live demo in New York at FinovateFall next week. Or, watch its FinovateEurope 2011 demo.

Finovate Alumni News– September 4, 2013

  • Finovate-F-Logo.jpgAmerican Banker reports: Cardlytics Announces First U.K. Bank Customer. Come watch Cardlytics’ live demo at FinovateFall in NYC next week.
  • IBM partners with Monitise to provide software, technology services and consulting to improve Monitise’s core services.
  • NPR’s Tell Me More mentions ImpulseSave, Mint, and Manilla as 3 apps to help manage your money.
  • TSYS signs long-term payment processing agreement with Anovia Payments, LLC.
  • Check (formerly Pageonce) secures $24 million in Series C financing round.
  • Information Week highlights Credit Sesame and Kabbage in column on social media and credit worthiness.
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.

Finovate Alumni News– September 3, 2013

  • BellaDati featured in press from Japan.
  • MasterCard partners with Blue Label Telecoms to equip South African merchants with POS devices that accept chip and PIN, contactless cards. See MasterCard demo at FinovateFall in New York next week.
  • PYMNTS.com talks Big Data with Rob Hudson and Richard Hamilton of TSYS.
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.

FinovateFall 2013 Sneak Peek: Part 6

FF13Button.jpg

This is our final Sneak Peek of the companies who will debut their new technology on stage in New York on September 10 & 11 at FinovateFall.

You can learn more about our upcoming event here

In case you missed them, here are the previous posts in our Sneak Peek series:

FinovateFall 2013 Sneak Peek #1

Today we’ll introduce you to the final set of companies: ApprendaBiometric Signature ID, Innovation Agency, Lighter Capital, Mitek, Numbrs, PayWith, and Zooz.

Want to be a part of the audience? Get your tickets to FinovateFall 2013 here. They’re selling fast, so get yours before it’s too late.


ApprendaLogo.jpgApprenda is the leading Enterprise Platform as a Service (PaaS) product powering the next generation of software-defined enterprises.

Features:

    • Policy Driven Application Deployment
    • Seamless Hybrid Cloud Capabilities
    • Inheritable Cloud Application Architectures

Why it’s great: Apprenda is a software layer that enables any organization to transform their existing infrastructure into a self-service cloud application platform.

ApprendaFounder.jpg

Sinclair Schuller, CEO & Co-Founder at Apprenda

LinkedIn

Meet more of the team here.


BioSigIDLogo.jpg

Biometric Signature ID (BioSig-ID) is a software-only biometric that positively identifies users online: cloud-based with NO hardware required.
Features:
Using gesture biometrics, we can identify users at log in from any device and stop impostors – no hardware needed.
Why it’s great: BioSig-ID verifies the “real” user and allows secure online transactions and prevents identity fraud.
BioSigIDFounder.jpg
Jeff Maynard is the CEO and an expert in the field of dynamic biometrics receiving two patents for his inventions.

InnovationAgencyLogo.jpg

Innovation Agency’s Innovation Cafe is an innovation management platform that uses a social-based approach for driving collaborative and measurable innovation within the enterprise.
Features:
    • Recommendation Engine: encourages user participation
    • Real-time Social Graph: helps innovators to view their networks
    • Digital Personas
Why it’s great: Specifically designed for financial services providers, the platform uses crowdsourcing to engage innovation communities.
InnovationAgencyFounder1.jpg
Jay van Zyl (PhD), Founder
Jay is an entrepreneur, innovator and educator who lives his passion for finding new ways of driving innovation & change.
InnovationAgencyFounder2.jpgRory Moore (MBA), CEO
Rory is an innovation pioneer and has successfully implemented many innovation initiatives in leading banks.

LighterCapitalLogo1.jpg

Lighter Capital provides growth capital to technology companies in a highly-automated manner: Capital-as-a-Service
Features:
    • Predict a borrower’s future performance using CRM data
    • Monitor for loan defaults using banking, accounting & CRM data
    • Lower lending costs
Why it’s great: By crunching key CRM data, lenders can improve underwriting and borrower monitoring, predicting instability before it shows up in financial statements.
LighterCapitalFounder1.jpg
BJ Lackland joined Lighter Capital as CEO in 2012. He has been a venture capitalist, the CFO of a public technology company, and a startup consultant.
LighterCapitalFounder2.jpg
Rob Belcher leads the investment and finance efforts at Lighter Capital and has 12 years experience in investment banking, VC and consulting.

MitekLogo13.jpg

Mitek, the founders of Mobile Deposit, developed a complete suite of mobile imaging solutions. This new mobile solution enhances the account opening process.
Features:
    • Engage and retain mobile first consumers 
    • Speed up account opening process here, there, almost anywhere
    • Reduce inaccurate data entry
Why it’s great: Increase acquisition rates and lifetime value of customers with this exciting new solution. See the demo at FinovateFall 2013. 
MitekFounder1.jpg

James B. DeBello, CEO & President

NumbrsLogo.jpg

Numbrs is Online Banking of the Future.
Features:
    • Future Timeline
    • Transfer Money
    • Adnumbrs
Why it’s great: Numbrs empowers you to own your financial life on-the-go.
NumbrsFounder1.jpg
Julien Arnold, CEO
NumbrsFounder2.jpg
Johannes Hübner, CTO


paywithlogo.jpg

PayWith: What is possible when you connect the scalability and security of the MasterCard Network with innovations in Mobile Payments/Loyalty/Rewards/and Virtual Currencies?
Features:
Merchants can use their existing credit card processing terminals to securely transact mobile payments and run rewards. Pay/Reward/Gift/Security
Why it’s great: Merchants can use their existing credit card processing terminal to transact completely secure mobile payments and run targeted marketing.
PayWithFounder2.jpg
David Strebinger, CEO
Strebinger was previously the founder of Caring Capital and Wantsa Media. Emphasis on Payments/Mobile/Social/Monetization/Advertising.
PayWithFounder1.jpg
Donald Kirkwood, COO
Kirkwood previously founded Axon in the UK. Axon grew to be the largest SAP consulting firm in the world and sold for $650M in 2008.  

ZoozLogo2.jpg

Zooz is a global payment platform that enables e-commerce and m-commerce merchants to optimize their checkout across all channels.
Features:
    • Consumer-centric checkout for multiple platforms
    • Global payment solution with cross-border capabilities
    • Partnership with First Data
Why it’s great: Payments are for people; We’re here to give payments the human touch. Happy and reassured users are more likely to make it to the “Thank You” page!  
ZoozFounder1.jpg
Oren Levy, CEO & Co-Founder

ZoozFounder2.jpg

Ronen Morecki, CTO & Co-Founder

FinovateFall 2013 is just around the corner. If you have questions about the event, visit the information page, check out the FAQ, or email fall@finovate.com. 

Finovate Alumni News– August 29, 2013

  • Finovate-F-Logo.jpgTechCrunch reports: Lendio using new funding to help SMBs secure loans & avoid bad credit.
  • Payments Source considers how SumUp is competing in a Square world.
  • Cards International reports: Dynamics unveils U.S.A credit card with stars and stripes magnetic strip. Come to FinovateFall in NYC to see Dynamics showcase its new innovation.
  • MasterCard, C-SAM, DNP team up to bring white-label NFC mobile wallet service to Japan. See MasterCard demo at Finovate Fall in September.
  • OxGadgets reviews miiCard as a solution for online identity authentication. Join miiCard in New York for FinovateFall.
  • Mashreq Bank launches EMV chip and PIN-compliant mobile POS service via partnership with Swiff and MasterCard.
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.

Finovate Alumni News– August 27, 2013

  • Finovate-F-Logo.jpgFinanceIt’s split-cost marketing programs now available. Check out FinanceIt’s live demo at FinovateFall in a couple of weeks.
  • CertusBank launches new website based on Backbase Portal. Come see Backbase demo its new tech live at FinovateFall.
  • Cachet Financial Solutions partners with Nitro Mobile Solutions to integrate Cachet’s RDC platform in its mobile banking application.
  • miiCard updates its Digital ID Card. Come see miiCard’s demo at FinovateFall.
  • MasterCard appoints Raja Rajamannar Chief Marketing Officer. See MasterCard’s demo at FinovateFall 2013 in New York in September.
  • GMC Software Technology taps Scott Draeger for customer communications strategist role. Meet the GMC team at FinovateFall 2013.
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.

Finovate Alumni News– August 26, 2013

  • Finovate-F-Logo.jpgCommonWealth One Federal Credit Union to offer PFM powered by Geezeo.
  • Bank Innovation reports: Cardlytics Will Expand Location-Based Offers in 2014.
  • TSYS partners with Discover to process payments from PayPal.
  • Kony at #28, five other Finovate alums make Inc. 5000 for 2013.
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.