“Welcome to Mobile Banking 2.0 – where financial institutions drive mobile commerce through a community of local businesses and consumers. We’re building FI-branded mobile wallet solutions that, in partnership with local businesses, enables mobile offer, loyalty, and payment solutions directly to consumers.”
Author: Julie Muhn (@julieschicktanz)
The ProfitStars Budget Manager Creates an Efficient Budgeting Process
“Budget Manager is a distributed budgeting tool that allows budget administrators to easily obtain input from the front line and seamlessly incorporate those inputs into the PROFITstar ALM/Budgeting application. This newly redesigned browser-based version enables users to construct and manage a more efficient budgeting process, including how to tackle more difficult items like salaries and fixed assets. Budget Manager provides for ongoing accountability and buy-in from all individuals throughout the organization. The application has reporting capabilities that allow for sharing of actual results throughout the budget year.”
TIO’s MobilePay Enables Customers to Pay Bills Using a Credit Card
“TIO MobilePay is the first mobile application in North America to offer customers the ability to pay thousands of telecom, utility, financial service and insurance bills safely and conveniently using their Visa or MasterCard credit/debit card. By offering same-day expedited payment processing, we help our customers avoid expensive late fees and service interruptions.
Unlike traditional online and mobile banking applications, TIO MobilePay is the only smartphone application that lets customers pay all their bills in one place with their credit card, keeping cash in their pocket longer while earning reward points.”
SaveUp Helps Banks Gamify Consumer Saving
“Using innovative game mechanics, SaveUp encourages financial success for its users with positive suggestions and better financial product offerings. Financial institutions and financial content providers can use SaveUp as a customer acquisition channel and as a way to educate potential customers about product offerings.Our demo showcases the customized version of SaveUp that financial institutions can use to:
- Engage with existing customers
- Provide a custom set of prizes and rewards for their depositors
- Feature customized educational content
- Relevantly cross-sell their own products and services
- Understand their customer base
Currently, twenty financial institutions are participating in a pilot program to promote the customized version of SaveUp to their customers. They include Bank of the West, Plastyc, Upside Visa Prepaid Card, and Eli Lilly Credit Union.”
Experian’s BusinessIQ Tool Helps Business Owners Make Smart Decisions
Last up this session, Experian showed off its BusinessIQ Express tool for business owners:
“BusinessIQ Express is an online tool that enables business owners and principals to quickly and easily make smart, informed decisions:
- Evaluate prospects, customers, suppliers, and partners on their likelihood to pay or deliver on time
- Monitor businesses with alerts and notifications to maintain positive relationships
- Collect outstanding debts and avoid future losses
- View and contribute community business ratings and comments
- Learn from tutorial videos, tool tips, and support
All these features utilize the most comprehensive and trusted financial information on U.S. small businesses — all in one complete, simple package for one compelling price.”
Nomis Solutions Enables Retail Banks to Make Profitable Decisions
“Nomis is launching the next gen Pricing and Profitability Management platform for retail banks. The new platform builds on the success and reputation of the Nomis Price Optimizer and Nomis’ experience in delivering sustainable, strategic, financial, and operational returns to 35+ customers.
By marrying insightful data streams, cutting-edge predictive analytics and behavioral science, and powerful decision-making capabilities within an engaging user experience, the platform enables CFOs, portfolio owners, product managers, and pricing analysts to understand their customers and make profitable, customer-sensitive decisions regardless of market and competitive dynamics.”
Cachet Financial Services Helps Busy Executives Track Deposits
“Select Business on a tablet provides greater freedom to busy business executives and managers who need to keep track of the company’s deposit records, but can’t be at their desks. Users with proper security would have the ability to track every action performed on the system, by date and user, create and run reports, and export data to PDF and other formats for viewing. In addition to all the Select Business features, we will also be adding the ability to submit checks for deposit through the tablets themselves for tablets with cameras.”
TASCET Helps Financial Institutions Identify Customers by Using Fingerproofs
“Financial ICONN is a digital representation of a person’s identity as confirmed through TASCET’s Identity Infrastructure. Financial ICONN gives financial institutions a means to identify their customers without relying on Social Security numbers, virtually eliminating identity fraud and the use of synthetic identities.Customers activate their Financial ICONN within each institution with whom they do business by providing two Fingerproofs, a Faceproof and limited biographic information. Once activated, consumers regain their privacy because ICONN verifies their identity when conducting transactions or accessing financial information. Financial ICONN allows financial institutions to give customers a personal firewall and engages them in the fight against fraud.”
Kabbage’s K-Leaf Allows Businesses to Easily Add Information to their Kabbage Account
Then, Kabbage demonstrated its K-Leaf that allows businesses to easily add data to their Kabbage account:
“Kabbage introduces the K-Leaf that enables SMB’s to quickly append data to their Kabbage account from any site on the web by clicking the Kabbage leaf logo.
When the business clicks on the leaf logo, all data on that page and beyond is automatically appended to the SMB’s Kabbage account. By doing so, the SMB can gain access to additional capital and other benefits.”
With Bill.com’s CashView, Financial Institutions Can Help Business Customers Manage Cash Flow
“Bill.com’s complete banking platform utilizes CashView to give your business customers command and control over their cash flow, payables and receivables.
In addition to creating significant new revenue streams for your bank, resulting in deeper relationships with your bank’s most valuable customers, the Bill.com award-winning platform delivers the other 90% of the business cash flow management process to your bank making it the hub of your customer’s financial operations. Bill.com also just happens to be one of the most highly awarded, widely praised financial applications to come along in years.”