Virtual Piggy’s New Mobile App Helps Kids Make Online Transactions

VirtualPiggyHiLogo.jpgThis is a part of our live coverage of FinovateSpring 2013.

Third up to the stage this afternoon, Virtual Piggy showcased its mobile app:

“Virtual Piggy’s new mobile app will bring an innovative new technology to the market that will have a disruptive impact on global m-commerce. With over a billion U18’s worldwide shopping online at an earlier age and becoming more proficient than any previous generation with internet enabled devices, Virtual Piggy noticed that there was no easy mechanism for this group to transact online. All existing methods involved friction and often resulted in undesirable outcomes, such as fraud. 
Virtual Piggy’s technology allows merchants to sell to U18s in a COPPA compliant, parent approved manner, unlocking an estimated $211B in annual spending power for online retailers.”
Product Launch: May 2013
HQ: Hermosa Beach, CA
Founded: February 2008
Metrics: Public Company (OTC: VPIG)
Twitter: @followpiggy
Presenting Jo Webber (CEO & Founder) and Pradeep Ittycheria (CTO & Co-Founder)

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Banno Launches Kernel for Financial Institutions to Better Understand their Customers

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This is a part of our live coverage of FinovateSpring 2013.
Second up this afternoon, Banno launched Kernel:
“Banno Kernel enables financial institutions to leverage the way consumers interact with their business by delivering on the promise of true one-to-one marketing. Kernel positions the next best product to each individual consumer based on interest, across any channel. It exposes a modern web API for integration across all channels – online, mobile, ATM, e-statements and more. Through a real-time dashboard, financial institutions receive an exact picture of the next best product for each individual user. Kernel continues working the lead opportunity throughout any channel on which the user chooses to engage.”
Founded: March 2008
HQ: Cedar Falls, IA
Product Launch: May 2013
Metrics: 51 employees
Websitebanno.com  
Twitter: @BannoHQ
Presenting Wade Arnold (CEO & Founder) and Ben Metz (CTO)

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Palo Alto Software’s LivePlan Teams Up with MasterCard to Help Small Businesses Better Understand their Daily Operations

This is a part of our live coverage of FinovateSpring 2013.

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The final presenter to hit the stage before lunch, Palo Alto Software, demonstrated how LivePlan can help small businesses:
“LivePlan tells you how your business is doing. It creates budgets and forecasts to help you plan for success, allows you to put together a beautiful one-page pitch, and helps you track and manage your performance to ensure efficient growth. With its Quickbooks integration, LivePlan delivers business intelligence to small businesses everywhere. LivePlan has received the Top Ten Reviews Gold Award and been touted as, “an essential tool for launching a startup” by Inc.com. Fans include PC World, The Wall Street Journal, CNN Money, and Entrepreneur as well as over 70,000 customers.
LivePlan and MasterCard have now teamed up, and are helping small businesses and mid-market companies manage both their performance and daily operations. LivePlan is now offered through the MasterCard Easy Savings Program and provides business intelligence through MasterCardbiz.com. Moving forward, the two companies will look to identify other areas in which their solutions can jointly provide value to business owners.”
Product Launch: April 2011
HQ: Eugene, OR
Founded: 1988
Metrics: 50 employees, 70,000+ LivePlan customers, 1.1M uniques per month to the Palo Alto Software site network
Website: liveplan.com
Twitter: @liveplan
Presenting Sabrina Parsons (CEO) and Mike McManus (Senior Business Leader, Strategy, Planning & Innovation, Mastercard)

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Yandex.Money Debuts Twym (Tweet Your Money), a New Way to Send Money

This is a part of our live coverage of FinovateSpring 2013.

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Next up this morning, Yandex.Money showcased Twym, a solution that gives users a new way to send money:

“Twym is designed to facilitate instant transfers in rubles between Twitter users who have Yandex.Money accounts. To send money, users send a tweet that includes @twymru, the recipient’s username on Twitter, and the amount they want to transfer. 

If the recipient has already activated Twym, they receive the rubles immediately. If not, they will be prompted to activate Twym and receive the money after they have done so. If someone retweets a money tweet, another transfer will be made from their Yandex.Money account to the same recipient – a useful feature for fundraising campaigns.”

Product Launch: March 2013
HQ: Moscow, Saint Petersburg, Russia
Founded: July 2002
Metrics: 13M+ registered wallets (users), 9,000+ wallets opened daily, 120,000+ transactions carried out daily, 20,000+ merchants connected
Twitter: @yamoneynews
Presenting Kristina Stoyanova (Head of User Experience) and Jane Zavalishina (President)

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Lodo Software Launches D3 Banking to Help Banks Deliver a Personalized Customer Experience

This is a part of our live coverage of FinovateSpring 2013.

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Next, Lodo Software debuted its D3 Banking solution:

“D3 Banking is data driven digital banking. It provides a full range of integrated financial services using a powerful, predictive analytics engine to deliver a personalized customer experience anytime, anywhere, on any device. 

The D3 Banking components utilize next generation technology and can be deployed on a single server or distributed across servers to support cloud-computing environments. Those components include: D3 Analytics, D3 Insight, D3 UX, D3 Apps, D3 API, D3 Connect and D3 Control. These components provide the resources necessary for financial institutions to deliver a consistent, relevant and profitable experience to their customers.”

Product Launch: May 2013
HQ: Omaha, NE
Founded: 2007
Website: d3banking.com
Twitter: @D3Banking
Presenting Mark Vipond (CEO) and Jeelani Shaik (CTO)

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Kabbage Launches QuickBooks Financing Integration

This is a part of our live coverage of FinovateSpring 2013.

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Next, Kabbage took the stage to demo how it uses QuickBooks data to underwrite small business loans:

“Kabbage has partnered with Intuit to provide simple and easy access to funding for QuickBooks customers. Kabbage is the first company on Intuit’s QuickBooks Financing Platform to underwrite customers solely based on QuickBooks data. With Kabbage, customers receive instant approvals; funds can be available within minutes when they use PayPal to receive funding.”


Product Launch: May 2013
HQ: Atlanta, GA
Founded: February 2009
Metrics: $56M in equity funding; $93M in debt funding in two rounds; 95 employees; more than 100,000 accounts
Website: kabbage.com
Twitter: @kabbageinc
Presenting Marc Gorlin (Chairman) and Rich Preece (Director, QuickBooks – Intuit)

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Nice Showcases How Mobile Reach Personalizes the Customer Experience

This is a part of our live coverage of FinovateSpring 2013.

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Next up in the second session today, NICE demonstrated how financial institutions can use Mobile Reach to create a personalized customer experience:
“Mobile Reach converges mobile self-service and assisted-service to create the most personalized, effective, and efficient channel. It offers:
        • ENGAGE: Intelligently finding engagement opportunities in self-service and directing customers to the best next step just at the right time.
        • CONNECT: If needed, seamlessly connecting customers directly to the right agent, bypassing the IVR and transferring the context from the device to the agent desktop.
        • COLLABORATE: Expanding customer interactions using multimedia collaboration tools (sending text, images, etc.).
Customers get the ultimate customer experience – as personalized, relevant, and as effective as possible.
Companies get more business, lower service costs, and higher mobile use.”
Product Launch: April 2012
HQ: Paramus, NJ; Raanana, Israel
Founded: 1986
Metrics: 2012 annual non-GAAP total revenues: $892M. More than 3,400 employees in 35+ local offices across the globe.
Twitter: @NICE_Systems
Presenting Amit Ashman (Director, Solutions Marketing, Mobile Customer Service) and Bruce Plummer (Manager, Sales Engineering)

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Narrative Science Unveils Quill Portfolio Solutions

This is a part of our live coverage of FinovateSpring 2013.

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Fourth up on stage today, Narrative Science showcased Quill Financial Services:
“Narrative Science presents Quill for Financial Services, a suite of solutions that enables financial institutions to automatically analyze, interpret and gain human insight from data at a speed and scale never before possible.
    • A leading credit analytics firm is leveraging Quill to transform its data and risk assessment models into an investment report that combines both text and visualizations.
    • Quill is automatically creating attribution summaries that provide internal stakeholders and their clients with insight into the reasons behind portfolio performance.
    • Quill is creating personalized portfolio reviews for financial advisors and their clients. Advisors get the talking points they need for client conversations while their clients get clearly written account performance summaries.”
Product Launch: Quill Investment Research: Fall 2012, Quill Portfolio Solutions: Summer 2013
HQ: Chicago, IL
Founded: January 2010
Twitter: @narrativesci
Presenting Kris Hammond (CTO) and Katy De Leon (Director, Marketing)

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What to Expect When You’re Expecting….

…To come to FinovateSpring tomorrow?  We’re here at the Concourse Exhibition Center (635 8th Street at Brannan), watching presenters place the final touches on their live demos.

We’ve seen all types of fintech solutions from companies ranging from 1 employee to more than 35,000. These companies are coming to us from across the globe, with a heavy concentration in the bay area. 
Here’s the complete picture (click to enlarge):
finovate_reportmap_US13_PRESS.jpgDon’t miss your opportunity to meet executives from fintech startups and established companies and see their brand new technology demonstrated live. Get your ticket here.
Our new in-conference networking tool, FinovateConnect, is now available in beta and will be debuted to the audience tomorrow. This makes it even easier to introduce yourself to individual presenters and attendees in a crowd of 1,200+ people. Attendees will receive an email detailing the sign-up process and instructions.

If you have last-minute questions about FinovateSpring, please see our FAQ. We’re looking forward to seeing all of you tomorrow!

Finovate Alumni News– May 10, 2013

  • Finovate-F-Logo.jpgPalo Alto Software and Ping Identity partner to provide single sign-on.
  • PC World features Virtual Piggy. Come see its live demo at FinovateSpring next week.
  • Bolstr launches in Chicago neighborhoods.
  • ForexThink takes a look at QuantConnect and the rise of algorithm-based trading.
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.

Palo Alto Software and Ping Identity Partner to Provide Single Sign-On

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Cloud-based security company, Ping Identity announced earlier this week that it has partnered with Palo Alto Software, creator of LivePlan small business software. 

As a part of the partnership, Palo Alto Software will use Ping Identity’s single sign-on (SSO) technology. This will benefit:

1) Palo Alto Software employees: Employees can access frequently-used internal applications by using SSO.

2) Palo Alto Software customers: Many of Palo Alto’s sites require customers to log in multiple times per day. Palo Alto has already begun to roll out SSO capability to 6,000 of its customers and will continue to scale usage.

To learn more about Ping Identity, watch its FinovateEurope 2012 demo. Palo Alto Software will demo its LivePlan software at FinovateSpring next week in San Francisco.

Finovate Alumni News– May 7, 2013

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  • Expensify adds corporate card reconciliation for more banks, including Wells BofA, and Citi. See Expensify’s demo at FinovateSpring.
  • Forbes interviews Marc Gorlin, co-founder of Kabbage. See Kabbage’s new tech next week at FinovateSpring.
  • PayNearMe hires Billy Robbins, former VP of PFM at Wells, as its VP of business development. Come see PayNearMe’s demo at Finovate.
  • Kashoo tops 100,000 registered users and more than 50,000 iPad downloads of its cloud accounting app.
  • PaymentsSource interviews CashStar chief marketing officer Gene Cornfield on mobile commerce.
  • Kalixa to become its own company, separating from Bwin.
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.