Author: Julie Muhn (@julieschicktanz)

P2P Cash Helps Users Send Remittances to Any Cellphone Worldwide

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, P2P Cash
This post is part of our live coverage of FinovateFall 2013.

P2PCashlogo.jpg

Next, P2P Cash stepped up to demo its remittance platform:
“P2P Cash’s low cost money transfer system enables online consumers to send money to any cellphone worldwide at zero cost. Using international banking standards (SWIFT), P2P Cash developed a highly scalable, low cost mobile financial services solution to send cash to any cellphone globally. The technology enables any retailer to offer money transfer and other financial services to their customers, generating new revenue for the retailer.”
Product Launch: February 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & licensed
HQ: Roswell, GA
Founded: February 2008
Website: p2pcash.com
Presenting Donald Chapman (VP Business Development) and Tom Meredith (CEO)
IMG_PPC3137.JPG
IMG_PPC3139.JPG
The full demo video will be available at Finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Narrative Science’s Quill Financial Helps Institutions Process and Understand Big Data

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Narrative Science
This post is part of our live coverage of FinovateFall 2013.

NarrativeSciLogo13.jpg

Next, Narrative Science demonstrated how Quill Financial helps financial institutions analyze their data at a large scale:
“Quill Financial is a product suite that enables financial institutions the ability to automatically analyze, understand, and communicate what’s happening in their data at a speed and scale never before possible.
Portfolio Commentary: Quill automatically creates and delivers on-demand portfolio communications for wealth and investment management firms so that portfolio managers, sales, and marketing teams can access tailored, up-to-date commentary whenever they need it.
Investment Research: Quill analyzes both proprietary and market data to produce monthly and intra-month research reports that assess company expectations, upside and risk to help analysts, bankers, and investors make long-term investment decisions.”
Product Launch: September 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Chicago, IL
Founded: January 2010
Twitter: @narrativesci
Narrative Science recently announced it raised $11.5 million in Series C funding from Jump Capital and SAP Ventures along with Battery Ventures and Northwestern University.
Presenting Kris Hammond (CTO, Narrative Science) and Tim Bixler (Credit Suisse Managing Director — Global Head of HOLT)
IMG_NS3131.JPG
IMG_NS3134.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Place2Give Debuts Advisor Toolbox to Provide Charitable Giving Guidance

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Place2Give
This post is part of our live coverage of FinovateFall 2013.

Place2GiveLogo.jpg

Next, Place2Give showcased how its tool can help advisors provide charitable giving guidance to their clients:
“The Advisor Toolbox uses proprietary algorithms to help financial and legal advisors provide additional fee value by reducing the research time taken to help clients achieve their charitable giving strategies. 
Our FinovateFall demo includes the client profiling tool, charity search and client typology matching, charity research, and the day-to-day management of a client’s charitable giving (including the scheduling of disbursements and tax receipts). The Toolbox can be incorporated into a client’s existing CRM or wealth advisory software.”
Product Launch: Spring 2013
Metrics: North America’s largest and most current charity search engine with a database of 1.6M+ North American charities profiled against 3 different donor typologies and incorporating 9 independent data sources. 6 employees, 4 contractors on retainer, and 3 students. No VC backing. Began generating revenue in 2012 through the sale of research, data, and the Advisor Toolbox. 
Product distribution strategy: Direct to Business (B2B), Reseller initiatives, & Data licensing.
HQ: Calgary, AB, Canada
Founded: June 2010
Twitter: @Place2Give
Presenting Gena Rotstein (Chief Conversationalist & Founder) and Ryan Bengtson (Developer)
IMG_P2G3110.JPG
IMG_P2G3122.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

SECOM GMixon Pixeliris Uses Sonic Communication to Create a Universal Contactless Mobile Payment System

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, SECOM GMixon Pixeliris
This post is part of our live coverage of FinovateFall 2013.

SECOMGMixonLogo.jpg

Beginning the final session of FinovateFall, SECOM GMixon Pixeliris demonstrated its universal, contactless mobile payment system:
“Pixeliris Labs’ unique contactless technology allows us today to create the first universal contactless mobile payment system. Based on sonic communication, our technology is compatible with 100% of existing phones and smartphones unlike NFC technologies which are compatible with only 5% of the smartphones and incompatible with phones. 
Several patents have been filed with regard to the security of the transaction. We have developed this technology into a SDK as to allow third companies to integrate the modules aiming a business model based on transaction fees.
With Copsonic, pay anywhere with any phone.”
Product Launch: September 2013
Metrics: Company with a capital of €210,000, 11 employees in France, & 50 engineers around the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, & licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com
Presenting Brian Roeten (Senior Product Manager) and Emmanuel Ruiz (CEO & Head of Innovation)
IMG_SG3104.JPG
IMG_SG3106.JPG
The full demo video will be available at Finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Fiserv Debuts Popmoney Instant Payments

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Fiserv
This post is part of our live coverage of FinovateFall 2013.

FiservLogo2.jpg

Next, Fiserv stepped up to demo how it can help financial institutions provide a real-time payments solution to their clients:
“Financial institutions are challenged to meet the ticking clock of consumer expectations for a real‐time payments experience. The Popmoney personal payment service from Fiserv fulfills that need with Instant Payments, a new value-added feature offering real-time delivery of funds.
Popmoney lets people send, request, and receive money using an email address or mobile phone number. Traditionally, Popmoney has only been able to deliver payments via the ACH network, which works great for most payments. Funds settle in 1 to 3 business days. 
The Instant Payments feature, which is now available for financial institutions, uses the debit card networks to deliver funds in real-time – 24/7, 365 days a year. Recipients have access to funds literally in seconds.”
Product Launch: April 2013
Metrics: 2012 revenue: $4.4B, 2012 net income: $611M, about 20,000 employees worldwide, 6,000 account processing clients, & 16,000 financial institutions and businesses worldwide
Product distribution strategy: Through financial institutions and direct-to-consumer
HQ: Brookfield, WI
Founded: 1984
Website: fiserv.com
Twitter: @Finovate

Presenting Andrew Barnett (Sr. Mobile Solutions Consultant) and Neil Platt (SVP & General Manager, Payments)

IMG_F3065.JPG
IMG_F3069.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

BehavioSec Uses Policy-Based Behavior to Authenticate Users

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.

BehavioSecLogo.jpg

Next, BehavioSec demoed its user-friendly authentication technology:
“BehavioSec has spotted the gap between user-friendly adaptive user authentication via risk-based authentication, or behaviour biometrics, and the reality of legacy systems at our current customers.
BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy-based behaviour authentication actions.
This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user.”
Product Launch: September 2013
Metrics: 1.5M€, 10 employees, university spin out

Product distribution strategy: Through financial institutions, through other fintech companies and platforms, & licensed.

HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec
Presenting Neil Costigan (CEO)

IMG_Bs3060.JPG
IMG_Bs3062.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

QuarterSpot’s Underwriting Platform Offers Small Businesses Lower Cost of Capital

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, QuarterSpot
This post is part of our live coverage of FinovateFall 2013.

QuarterSpotlogo.jpg

Next, QuarterSpot showcased its unique underwriting platform:
“QuarterSpot’s innovative Artificial Intelligence-driven underwriting platform can incorporate millions of pieces of real time data from business bank accounts, business credit profiles and more to execute a pre-approval decision in milliseconds. The QuarterSpot AI is also able to learn on the fly by monitoring loan repayment and trends to improve its scoring and approval terms in real time. 
Through this use of AI-driven underwriting and as one of the only online lenders to amortize interest, QuarterSpot offers small business owners a cost of capital as much as 85% lower than other lenders and does not require personal collateral to secure loans.”
Product distribution strategy: Direct to Business (B2B)
HQ: Wayne, NJ
Founded: April 2011
Presenting Adam Cohen (CEO) and Lance Emanuel (President & COO)
IMG_QS3055.JPG
IMG_QS3058.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Mitek Debuts Mobile Photo Account Opening

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Mitek
This post is part of our live coverage of FinovateFall 2013.

MitekLogo13.jpg

Then, Mitek showcased its Mobile Photo Account Opening solution: 
“Mitek’s new Mobile Photo Account Opening solution enables financial institutions to take advantage of mobile for customer acquisition by reducing the friction for users with mobile imaging. The engaging user experience will attract digital natives and mobile first then retain them throughout their financial life. 
The user simply takes photos of personal and financial documents instead of entering information on a device keypad. This greatly reduces the time and effort required by the user to open and fund an account on a mobile device. Mitek’s Mobile Photo Account Opening provides flexible deployment options and seamlessly integrates with FIs’ existing account origination and identity verification providers.”
Product Launch: Q4 2013
Metrics: Mitek (MITK) is publicly traded on NASDAQ
Product distribution strategy: Direct to Business (B2B)
HQ: San Diego, CA
Founded: 1986
Twitter: @miteksystems

Presenting Michael E. Diamond (CRO) and Wes Wilk (Sr. Director, Sales Engineering)

IMG_M3050.JPG
IMG_M3052.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Simple Verity Launches Automated Small Business Credit Verification Process

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Simple Verity
This post is part of our live coverage of FinovateFall 2013.

SimpleVerityLogo.jpg

Then, Simple Verity launched its credit verification process for small businesses:
“Simple Verity is a fully automated small business credit verification process. The system can produce a reliable credit report on any small business in America – including the millions of businesses with little or no data on file at the major bureaus. 
Using a social approach and proprietary analytics, SimpleVerity elevates small business credit from uncertainty and risk into the light of consistent, data-driven analysis.”
Product Launch: September 2013
Metrics: 1000 business references in private beta, $250,000 raised, 3 employees
Product distribution strategy:  Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Seattle, WA
Founded: June 2012
Twitter: @simpleverity
Presenting Randall Lucas (CEO & Co-Founder) and Jeff Pecor (Marketing)
IMG_SV3036.JPG
IMG_SV3040.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Innovation Agency Launches Innovation Café, a Platform to Engage Innovation Communities

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Innovation Agency
This post is part of our live coverage of FinovateFall 2013.

InnovationAgencyLogo.jpg

Then, Innovation Agency demonstrated its platform that facilitates collaboration around ideas and innovation:
“Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting. It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. 
Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Social Media Integration and Social Network Analysis releases are our primary focuses at FinovateFall. These innovations provide a comprehensive mechanism to track public sentiment and include it in the internal innovation community.”
Product Launch: September 2013 at FinovateFall
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), & through other fintech companies and platforms
HQ: New York, NY
Founded: December 2008
Twitter:@InnovationInfo
Presenting Christoph Wertz (President) and Sean O’Reilly (CTO)

IMG_3021.JPG
IMG_3027.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

Jumio’s Netverify Now Enables MultiDocument Validation and Facial Recognition

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Jumio
This post is part of our live coverage of FinovateFall 2013.

JumioLogo.jpg

Next, Jumio debuted enhancements to its Netverify solution:
“Our solutions have already launched with continued iterations resulting from ongoing customer feedback. Enhancements to Netverify including facial recognition, multi-document validation, and other features to further fit specific business needs and use cases will be showcased at FinovateFall 2013.”
Product Launch: 2012
Metrics: Over 100 customers & growing
Product distribution strategy: Direct to Business (B2B)
HQ: Palo Alto, CA
Founded: 2010
Website: jumio.com
Twitter: @jumio
Presenting Mike Orlando (CSO) and Emilio Disanluciano (Sr. Business Development)

IMG_2965.JPG
IMG_2979.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

LearnVest Debuts iPad App and Action Program

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, LearnVest
This post is part of our live coverage of FinovateFall 2013.

LearnVest.jpg

Up next, LearnVest demonstrated the functionalities of its new iPad App:
“LearnVest is debuting an iPad App, which will allow clients to access their custom Action Program on the go. This App brings an unprecedented level of mobility to the financial planning process. Not only will clients be able to see their plan and individual CFP-issued challenges, they will also be able to access LearnVest’s Money Center tool for a snapshot of their entire financial life.”
LearnVest will also debut a new distribution channel (“Workplace Solutions”) to provide financial wellness solutions in the workplace, allowing employers nationwide to give their employees access to LearnVest’s holistic financial planning services.”
Product Launch: Fall 2013
Metrics: $41M raised & 100 employees
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: New York, NY
Founded: Fall 2009
Website: learnvest.com
Twitter: @LearnVest
Presenting Alexa von Tobel (Founder & CEO) and Karim Naraghi (VP Business Development)
IMG_2953.JPG
IMG_2956.JPG
The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook