Here is the live Twitter transcript from @Finovate during FinovateFall last week:
Entries appear in chronological order.
Day 1, Session 1
- Truaxis, leads off Finovate Fall 2012; the startup was acquired by MasterCard last week; demoing its new profitability analytics module
- Truaxis demoing how statement rewards can improve ROI.
- Precash precash launching Flip, mobile check deposit for the underbanked
- Precash is launching a “Practical mobile wallet for the underbanked”
- ckmack launching first investing platform for individuals to invest in rental real estate
- CK Mack using peer-to-peer investing model applied to rental income
- Segmint launching “One Button” system to create and deliver targeted online cross-sell campaigns in under a minute
- Shopkeep launching POS solution so merchants can run a store from an ipad
- Shopkeep walking through iPad interface, design receipt, coupon, reporting, export to QuickBooks
- Shopkeep announcing integration with PayPal, Dwolla and LevelUp
- BCSG launching its Small Business Hub in USA
- BCSG showing the accounting, marketing, management tools in suite
- BCSG sm biz tools can deepen relationships and increase fee income; Barclays converts 40% of sm biz to the hub; 150,000 using
- Ideon launching Choice Savings & Investments a direct to consumer savings “bank”
- Ideon showing how customers can build custom savings plan with CDs, indexed products, etc.
- Ideon Choice going direct, but also is offering white label version
- LearnVest launching investment module with fee-based financial planning
- Learnvest demoing it’s financial plan creation and easy-to-digest report
- Learnvest CFPs can “co browse” with users to look at plan; also launched all features on mobile
- Internet Biometric Security Systems launches Genesis Enterprise 4-factor facial/voice recognition
- IBSS showing login with facial recognition then voice recognition; also showing virtual attendent video chat with cust service
Day 1, Session 2
- Waspit launches “social banking for students”
- Waspit’s “banking 2.0” has data, deals, gamification, and sharing via Facebook, Twitter, Foursquare, and Yelp
- Playmoolah launching youth platform for savings, spending, investing, & giving
- Playmoolah engages entire family around money & banking, “financial training wheels for students” using real money
- Billhighway launches mobile fundraising app with Square-like processing
- Billhighway demoing a donation via iPad, using volunteer from American Express; app is customized for non-profit; has leaderboard
- IgniteSales launching tool for FIs to cross sell, “Bank Product Concierge” and “Analytics Dashboards”
- Ignite Sales showing the needs assessment process, resulting personalized offer
- Finovera debuts Bill Management, personal bookkeeper to manage all bills and docs with single login;
- Finovera showing statement aggregation UI; w/ suite of reminders triggered by user-defined metrics, eg. cable bill 50% higher
- CartaWorldwide launching a turnkey NFC payments solution
- Carta mobile app allows consumer to turn account on and off for security reasons; demoing companion web-based UI
- Handpoint launching first hybrid dongle solution combining EMV/chip and magstripe
- Handpoint demoing mobile transaction from terminal to smartphone w/ point-to-point encryption; will white label
- Handpoint introduces a simple & secure EMV mobile point-of-sale solution
- Mastercard and Linkable Networks teaming up for card-linked offers
- Linkable Networks delivering first-ever SKU-level offers (eg 6-pack of Coke); UI can login via FB
- Linkable demoing offer signup via QR code scan from printed advertisement
- The Currency Cloud launches Connect API for foreign exchange transactions
- Currency Cloud is used by two finovate alums: Fidor Bank to power ewallet and TransferWise; offering rates up to 90% less
Day 1, Session 3
- Compass Plus launching tranzaxis open development banking platform
- Compass Plus demoing use case of its dev platform: instant issue of a prepaid card from a kiosk on stage
- Dashlane launches mobile shopping solution with instant checkout and login solution
- Dashlane demoing instant checkout via iPad, auto-completes and logs in to any ecommerce site w/ no merchant integration
- Purchases made via mobile auto-sync to consumer’s Dashlane online dashboard
- Personal Capital
launches professionally managed 401(k)
- SecureKey launching Fraud Reduction Solution platform for mobile device authentication
- SecureKey working with MasterCard and will be embedded into 200 million Intel devices next year
- Moneydesktop launching smartphone PFM solution; showing ipad vs iphone side by side w same UI
- MoneyDesktop showing “bubble budgets” that can be moved about via swipe, unique UI
- Blackhawk Network launching “gowallet” to manage all prepaid cards
- Blackhawk Network demoing giftcard aggregation UI; includes merchant offers which can be shared via Facebook
- Blackhawk Network’s GoWallet mobile allows saving to Apple’s new passbook app; also cards can be shared and gifted
- Experian “Prequalification Tool” taps consumer credit data to teach consumers how they stand credit wise
- Experian demoing tool with customer optin for prequal, making it a “soft pull”; tool keeps credit impact transparent to user
- With Experian prequal, user has opted in to continued credit sharing, so FI can market to them later; showing loan app integration
Day 1, Session 4
- Yodlee unveils Small Business Center Platform, suite of management tools for business owners
- Yodlee powers aggregation at 3 of the demos earlier today (Learnvest, Personal Capital, MoneyDesktop)
- On iPad, Yodlee showing cash flow tools, invoice app, and expense mgmt app with image capture or uploads of receipts
- Actiance launching Salesforce integration for its “social engagement” platform
- Actiance demoing how content can be posted across FB, Linkedin, Twitter, etc., while ensuring compliance
- Akamai counts 8 of top 10 banks as clients, launching Kona Site Defender, a cloud-based security
- Akamai showing an actual attack on dummy bank sites, one protected and one not
- Akamai Kona automatically filters out bad site requests, from the cloud, before they take site down (which happens in demo)
- Virtual Piggy launching its kid-safe online payments platform
- Virtual Piggy showing “family wallet” that parents’ control for online spending, can choose which merchants allowed
- Virtual Piggy showing child’s dashboard, have various skins for diff ages; has “available to spend” button; 50 merchants live
- Dynamics launching today its “Chip and Choice” card; includes magstripe, EMV, and contactless
- Dynamics new card called “triple interface”
- Deluxe launching SwitchAgent automation tools to help consumers change financial institutions
- Deluxe showing how SwitchAgent logs in to old bank & automatically transfers billpay payees to the new bank; SunTrust is using
- Mshift launching new payment network, “AnyWhereMobile” to compete with Visa/MC
- AnyWhereMobile from MShift relies on existing mobile tech & ACH transfers; demoing mobile purchase
Day 2, Session 1
- IDology launching authentication system that replaces shared secrets w/out of wallet questions
- Idology demoing mobile challenge questions created from recent banking data + public info
- IND Group launches financial planning tool, “Story of My Finances” to make saving/investing more pertinent
- IND Group tool allows users to choose from standard scenarios eg “Buy a car” or build custom stories; demoing “spend less”
- ImpulseSave launching system to make it easier to “save” via mobile app
- ImpulseSave has web-based dashboard to establish goals and track progress; includes social sharing, used by 40% of users
- Locaid launches Geofence, a geolocation API for mobile banking and payments
- Locaid demoing web-based “Instant Locate” where issuer can see where cardholder is at all times via geolocation
- Launching today, Locaid also can now help reduce false positives via IP address
- Ohpen launching cloudbanking platform for mutual funds & savings accounts
- Thomson Reuters launching app store; FIs can rapidly create market monitoring and investing apps
- Thomson Reuters how FI could go into app store and customize an online service; showing results live on stage
- Cachet Financial launching “CheckReview” to help banks manage remote check deposit risk
- Cachet Financial showing high-res image of check, extremely clear (even on 30-foot screen); demoing how to set business rules
- Cachet Financial CheckReview allows real-time monitoring; has tools to communicate with users about problems
- aSpark launching “Stock Panorama” that “follows” your investments via market data & social media
- aSpark showing iPad app with Twitter integration, community functions, calendar function; earning call integration
- Luminous Banking launches BankFiling to manage commercial loan financial statement gathering process
- Luminous showing how client statement are uploaded; then converted onto a dashboard for banker to review for possible loan issues
Day 2, Session 2
- DigitalMailer launching “My Virtual Strongbox” for FI customers to store docs within online/mobile banking
- DigitalMailer showing how virtual strongbox can
be customized by user; has “whoops” button to undo delete; has doc sharing tool
- DigitalMailer debuting ipad app developed with Malauzai; syncs with website; can be fee income producer; in use by 2 large CUs
- Credit Sesame, with 1 million accounts after 1 year, launching “Financial Fitness”
- Stockr launching social investing platform creating stock-based news feeds
- Stockr using Facebook-like newsfeed to can follow stocks, news, and people both friends or experts in the field
- Stockr site going live at noon today
- Credit Sesame showing dashboard with understandable picture of overall credit; how you compare to peers; and action items to save
- Credit Sesame launching new “mortgage visualizer” to find best mortgage through unique UI
- Banno launching Grip, to show your trending bank balance data to forecast what’s about to happen
- Banno’s Grip mobile app allows users to see what transactions they’ve made at nearby merchants; “help me decide” to make decision
- Banno’s Grip includes Amazon-like camera integration to take pic of item/barcode to save on wishlist; also includes P2P module
- Mortgage Harmony launching one-click “mortgage refi” solution
- Mortgage Harmony showing how easy it is to reset mortgage rate; includes contact info/details on loan officer & realtor
- Backbase launching “Launchpad” which merges the “marketing website” with the “secure site”
- Backbase showing Launchpad use case for investigating a car loan, populated with secure info including balances
- Backbase showing the Portal Manager to manage the marketing variables on the back end; native app has same capabilities
- PindropSecurity launches Fraud Detection System that protects against phone phishing (via call forwarding)
- Pindrop Security demoing how they can tell if a phone has been improperly forwarded to stop fraudulent authentication
- Bolstr launching crowdfunding platform focusing on “main street” small biz
- Bolstr uses “debt based” crowdfunding model where investors get portion of the borrower’s sales until the agreed ROI is hit
- Bolstr showing forum for investors to Q&A with business owners; has negotiated flat-fee deals with attorneys to cut legal costs
- Fiserv launching “speak to pay,” one of many choices it offers for m-payments (voice, tap, swipe, keyboard)
- Fiserv demoing speech recognition for complete billpay process on mobile app and the payment was made live!
Day 2, Session 3
- CommunityLend launching “FinanceIt” app for instant financing on a purchase at no cost to merchant
- CommunityLend launching iPad-based system; merchant scans drivers lic to verify, can use camera to take pic of product/invoice
- CommunityLend enables instant financing, as agent for various FIs; live across Canada now, moving to US in 2013
- Emida launching CAT mobile wallet for underbanked who prefer cash
- Emida showing cash load process at third-party location; then P2P mobile payment
- Each Emida wallet has stored-value account; can be used to pay bills, send international remittances, use rewards
- Tuition.io launching system to organize & optimize the user’s outstanding student loans
- Tuition.io showing loan aggregation dashboard with pros and cons on programs to help with repayment; shows which to pay off 1st
- Tuition.io working with 135 schools including the top 25
- TouMetis launching $mart (Smart) PFM for small biz, works through Yodlee platform
- TouMetis showing iPad business dashboard; tagging & annotating expenses; creation of electronic receipt
- Guardian Analytics launching FraudXCHANGE, cross-institution fraud fighting network
- Guardian Analytics FraudXCHANGE has secure community forum where members can share info with each other
- Guardian Analytics showing how banks can drill down into security alerts, then tell community about the problems
- PaySimple launching invoicing system for small businesses to get paid faster
- PaySimple enables invoice recipients to pay online; includes Facebook linkage, review links
- Validsoft launching SMART platform for mobile multi-factor authentication using voice, digits/images
- After login, Validsoft creates secure encrypted tunnel via mobile to bank
Day 2, Session 4
- eToro launching Social Trading Index for trade sharing/copying
- Manilla debuting its bill and account organization platform
- Manilla allows billers to license the space around their bill to control the content; competing ads are not allowed
- Manilla showing the mobile app; currently 50% of new users registering through mobile
- Euronovate launching ENSIGN 10 tablet (hardware & software) to take paper out of branches
- Euronovate provides full support for implementing & managing electronic signature within a bank; includes triple-DES encryption
- Leadfusion launching a cross-channel sales platform
- Leadfusion demoing mobile-to-branch-to- tablet-to-email-to-phone use case
- Prepaid Resources launching Direct Deposit management platform (with APIs)
- Prepaid Resources “BenefitsDirect” system helps establish AND maintain the direct deposit connection; improves retention
- Payfone launches “1-Touch Checkout” to improve mcommerce results
- Payfone signup designed to be through the mobile banking app; closing the mcom vs ecom payment gap
- PayTap launching billpay sharing app to easily tap parents or roommates to help with payment
- PayTap billpay solution now integrated with Amazon; includes PayPal and Dwolla options; has recurring payments
