Author: Julie Muhn (@julieschicktanz)

IP Commerce’s Multi-Party Payments Helps Groups Exchange Money

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2012, IP Commerce

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Then, IP Commerce showed how Multi-Party Payments can help groups exchange money using rule-based scenarios:

“With their new Multi-Party Payments (MPP) Commerce Playlist, IP Commerce is offering a development solution to enable multiple parties to exchange funds based on a set of rules governing the exchanges. When combined with the IP Commerce [Payments] Platform, the MPP Playlist will provide a robust solution to the issues associated with payment acceptance and funds disbursement between one-to-many payers and one-to-many payees – all through a seamless user experience.”

Product Launched: May 2007
HQ Location: San Francisco, CA
Company Founded: 2007
Introducing Chip Kahn (Founder and CEO) and Tyler Hannan (Platform Evangelist)

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edo Interactive’s Real-Time Offers Use Geolocation

By Julie Muhn (@julieschicktanz) Posted on
Categories: edo Interactive, FinovateSpring 2012

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Next, edo Interactive demonstrated GeoCommerce and showed how its card-linked offers use geolocation:

“Following FinovateSpring 2011 where edo unveiled the world’s first ever real-time redemption of a card-linked offer, we’re returning in 2012 to take the next step forward in our vision to transform shopping and saving. 

The innovation we’ll demo – the ability for a purchase at one merchant to trigger the awarding of an offer to a second, nearby merchant in real-time – shifts the focus of mobile advertising from “check-in” to “check-out.” Introducing GeoCommerce by edo, the next wave of innovation in the card-linked offers space.”

Product Launched: May 2012
HQ Location: Nashville, TN
Company Founded: 2007
Metrics: $35M raised to date ($20M Series B raised in August 2011), 50 employees, live with more than 140 financial institution partners
Introducing Alex Gershman (SVP of Product Development) and Thomas Bernstein (Director of Product Development)

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BankersLab Introduces Simulation Gaming for Retail Bank Risk Managers

By Julie Muhn (@julieschicktanz) Posted on
Categories: BankersLab, FinovateSpring 2012

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Second up in this session, BankersLab demonstrated an exciting way for retail bankers to learn technical skills and concepts:

“CreditLab is simulation gaming for retail bank risk managers. The launch Web App product supports team competition in a facilitated learning environment and when offered as an institutional license, future versions will support multiplayer online competition and individual seat license. Is it e-learning? Thankfully, no. Is it Angry Birds for bankers? Regrettably, no. It is engaging, but designed to reinforce important skills and technical concepts. That’s right – flight simulators for bankers! CreditLab focuses on credit risk management skills, pitting teams against each other to make tough choices and tradeoffs with their portfolios.”

Product Launched: May 2012
HQ Location: Seoul, Korea
Company Founded: March 2011
Metrics: BankersLab is a privately held firm, with multiple institutional client sites signed prior to product launch or demo.
Introducing Kurt Gingher (CTO) and Gail Galuppo (CMO)

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Personal Capital Debuts its Mobile Money Movement Tech

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2012, Personal Capital

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Starting off the second session, Personal Captial showed off its new money movement features:

“Personal Capital is demoing its iPad app and previewing its iPhone app at FinovateSpring. Personal Capital believes that individuals should be able to access their financial information anywhere, anytime. 

The iPad and iPhone apps include never-seen-before features: 

  1. FaceTime allows the unique ability to communicate “face-to-face” with your financial advisor
  2. The Stock Options Tracker enables entrepreneurs, start-ups, and private investors to monitor private company stock and restricted public equity values, helping them better understand stock options. The apps are secure, free, and interactive, while allowing for real-time financial updates and asset allocation monitoring, all on-the-go.”
Product Launched: iPad app: 3/14/12; iPhone app: debuting at FinovateSpring
HQ Location: Redwood City, CA
Company Founded: July 2009
Metrics: Money raised to date: $27M (IVP & Venrock), Number of employees: 45 
Introducing Bill Harris (CEO) and Jim Del Favero (VP of Products)

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Actiance Helps Financial Institutions and Advisors Track Social Media Activity

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, FinovateSpring 2012

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Wrapping up the first session, Actiance showed how financial institutions can encourage consumer engagement without compromising their brand:

“Socialite Engage helps Financial Advisors share relevant and pre-approved content, ensure authenticity of voice, measure impact and increase engagement to grow their business. The Socialite platform helps Financial Institutions protect their brand and ensure compliance, while allowing employees to share relevant content, measure impact, and increase engagement.”

Product Launched: June 2011
HQ Location: Belmont, CA
Company Founded: 1998
Website: actiance.com
Introducing Sarah Carter (VP of Marketing) and David Cho (Sales Representative)

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BillGuard Introduces BillGuard FI, a Solution for Online Banking

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, FinovateSpring 2012

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Today, BillGuard showed off its Wikipedia of transactions:

“BillGuard FI brings BillGuard’s award winning 24/7 bill monitoring, in-statement P2P knowledge sharing and direct-to-merchant resolution to online banking. Card issuers seamlessly integrate BillGuard FI to generate new value-add service revenue and lower inquiry and dispute processing costs.”

Product Launched: May 2011
HQ Location: New York, NY
Company Founded: April 2010
Metrics: $13 million raised, 20 employees
Website: billguard.com
Introducing Yaron Samid (Founder and CEO) and Raphael Ouzan (Founder and CTO)

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Expensify Trips Aims to Make Travelling Easier

By Julie Muhn (@julieschicktanz) Posted on
Categories: Expensify, FinovateSpring 2012

Expensify.jpgThen, Expensify showed how its Trips platform makes travelling easier by helping you get a head start on processing travel receipts:

“Expensify Trips! Forward your travel itineraries to receipts@expensify.com and let SmartScan pull out the details for fast access inside the Expensify mobile app (iPhone, Android, BlackBerry, Windows Phone). Includes everything you’d expect – streamlined presentation, offline access, flight reminders, etc. But since travel itineraries are also travel receipts, this means you’re halfway done with your expense report before you even get started: create your whole report in one click after you land, receipts and all. After all, travel itineraries are just expense reports waiting to be submitted, so why not kill two birds with one stone? 

Expensify Trips is one more way Expensify gets a little better (or in this case – a lot better), every day. Free to sign up, free to use, and lots of premium goodies on top.”

Product Launched: May 2012
HQ Location: San Francisco, CA
Company Founded: April 2008
Metrics: Raised $6.7M, >110K companies, ~1M users
Website: expensify.com
Introducing David Barrett (Founder, CEO)  and Matt McNamara (Engineer)

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Social Money’s GoalSaver Helps Financial Institutions Create a Fun Way to Save

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2012, Social Money

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Next, Social Money (formerly SmartyPig) demonstrated how its GoalSaver platform can transform a bank’s social initiatives:

“By using the configurable GoalSaver program, any financial services company in the world may offer its customer base an innovative and attractive approach to saving – quickly and for a fraction of the cost of a new program. 

The product helps any FI create a social strategy, increase customer engagement and retention, cross-sell other products, drive brand awareness, and gather valuable data on future spending. The system is available to any bank, in any language, using any currency, as a way to create a scalable and customizable application for goal savings. GoalSaver may also be leveraged by leading merchants (Christmas clubs and wish lists), and a host of other industries, such as prepaid or payment processing companies.”

Product Launched: May 2012
HQ Location: West Des Moines, IA
Company Founded: January 2007 (Formerly SmartyPig)
Introducing Mike Ferrari (Co-Founder) and Scott McCormack (CEO)

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Affinity Solutions Launches Coupon-On-a-Card

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, FinovateSpring 2012

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Later this morning, Affinity Solutions debuted Coupon-on-a-Card, a rewards platform that allows consumers to redeem offers just by swiping their card:
“Coupon-on-a-Card is a patent-pending product allowing consumers to either pre-purchase or opt-in to a retailer offer and then receive the discount at the point-of-sale through the credit card swipe, not in a statement credit, but in real-time.
Retailers will be able to use Affinity’s proprietary segmentation strategies to create a marketing campaign and banks will be able to deliver the offer totally through the plastic, with no need to deal with paying up-front and receiving a statement credit later.
The receipt will show the split-tender transaction, only charging the credit/debit card for the final amount due, after the discounts/offer is applied.”
Product Launched: May 2012
HQ Location: New York, NY
Company Founded: July 1998
Metrics: Affinity Solutions has over 100 employees and manages loyalty and engagement programs with over 4,000 banks.
Introducing Jonathan Silver (President & CEO) and Michael Biamonte (Chief Technology Officer)

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BancBox’s APIs Cover All Types of Money Movement

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancBox, FinovateSpring 2012

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Then, BancBox demonstrated its APIs:

“We’ve integrated with banks so our clients don’t have to. With an out-of-the-box set of APIs that cover the entire money movement flow, BancBox customers can integrate payment services in just a few days rather than months and can leverage the platform to scale and adapt to new requirements as needed.”

Product Launched: May 2012
HQ Location: San Mateo, CA
Company Founded: April 2002
Website: bancbox.com
Introducing Sanj Goyle (CEO) and Praveer Kumar (VP, Engineering) 

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Taulia Launches its Early Payment Network

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2012, Taulia

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Afterwards, Taulia demonstrated how its Early Payment Network can help businesses get paid faster:

“Taulia is an expert in Early Payments through Dynamic Discounting. We are launching our Early Payment Network, which expands the power of Early Payments beyond our existing network to every business. The combination of our knowledge of Dynamic Discounting, our network of financing sources, and our new API allows us to extend our Early Payment Network to users of any accounting system, ERP software or e-invoicing network. In fact, any financial software provider can now offer Dynamic Discounting directly to their install base via the new Taulia-powered API. A very simple, one-time integration opens the door for the financial software provider to instantly share in the revenue generated by Early Payments.”

Product Launched: May 2012
HQ Location: San Francisco, CA
Company Founded: July 2009
Metrics: $11.7M raised, 50+ Full-time employees, user base that extends to over 40 countries
Website: taulia.com
Introducing Ian Sweeney (VP of Product) and Markus Ament (Chief Product Officer)

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WattzOn Shines Light on How Banks Can Drive Loyalty with Energy Management

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2012, WattzOn

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Second up, WattzOn lit up the stage with its energy management platform:
“WattzOn is a personal energy management platform that provides tools to help people use less energy and save money on an everyday basis.
The WattzOn Marketplace: A marketplace for energy-saving products and services (such as appliances, windows, solar systems, hybrid and electric cars), to be combined with financing (loans, credit cards, savings accounts, Home Equity Lines Of Credit, mortgages) and rebates to create compelling energy and money-saving opportunities. 
The WattzOn Platform for Financial Services: Increase consumer engagement and drive loyalty with our WattzOn Personal Energy Management Platform. Incorporate branded personal energy management capabilities with your website or app. Provide your consumers with more ways to save money and promote complementary financial products, such as credit cards, car and home loans. Can be undertaken as a branded experience (for example, “MyBankGreenHome.com”) or integrated into your existing website or mobile app through our web services (APIs).”
Product Launched: June 2012
HQ Location: Mountain View, CA
Company Founded: 2008
Metrics: Over 250,000 households have already used the WattzOn Personal Energy Management Platform to save energy and money.
Website: wattzon.com
Introducing Steven Ashby (Co-Founder, CMO, Chief Product Officer) and Dan Sheehy (Executive VP of Business Development):

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