MShift Demonstrates its FI-Branded Mobile Wallet that Enables Offer and Loyalty Solutions

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MShift took the stage to show off its FI-branded mobile wallet solution:

“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.”


HQ Location: Fremont, CA
Company Founded: 1999
Website: mshift.com
Introducing Jeff Chen (Vice President, Business Development) and Audra Robles (Marketing Analyst)

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The ProfitStars Budget Manager Creates an Efficient Budgeting Process

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Afterwards, ProfitStars demonstrated how its Budget Manager can help financial institutions streamline the 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.”

Product Launched: May 2012
HQ Location: Monett, MO
Company Founded: June 1976
Metrics: Jack Henry serves over 11,800 clients, employs approximately 4,400 in over 40 locations, with revenues in excess of $1 billion annually.
Introducing Martin Webster (Sales Director) and Stacie Jokumsen (Product Marketing Specialist)

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TIO’s MobilePay Enables Customers to Pay Bills Using a Credit Card

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Later today, TIO Networks demonstrated how its MobilePay solution allows customers to pay their 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.”

Product Launched: May 2012
HQ Location: Vancouver, BC, Canada
Company Founded: August 1997 (founded as Infotouch Technologies Inc.)
Metrics: Over $1 billion in transactions processed per year; Over $42 million in annual revenues; Over 1.5 million transactions per month; 180,000 TIO Members powered by the TIO Wallet; Top 10 Finance App in Apple App Store (PG&E Mobile Bill Pay, powered by TIO); Reach 10K billers electronically
Introducing Conal Campbell (Director, Business Development) and Rob Goehring (Chief Marketing Officer)

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SaveUp Helps Banks Gamify Consumer Saving

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First on stage in today’s final session, SaveUp demonstrated how financial institutions can use its platform to instill positive saving habits in members:
“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.”
Product Launched: November 2011
HQ Location: San Francisco, CA
Company Founded: April 2011
Metrics: $2 million (April 2011), 7 employees
Website: saveup.com
Introducing Priya Haji (CEO and Co-Founder) and Sammy Shreibati (CTO and Co-Founder)

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Experian’s BusinessIQ Tool Helps Business Owners Make Smart Decisions

Experian.jpgLast 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.”
Product Launched: May 2012 
HQ Location: Costa Mesa, CA
Company Founded: 1897
Introducing Adam Fingersh (Senior VP, Business Info Services) and Mary Ann Strout (Senior Manager, Product Management)

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Nomis Solutions Enables Retail Banks to Make Profitable Decisions

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Then, Nomis Solutions demonstrated its platform that combines data and predictive analytics to help retail banks make smart 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.”

Product Launched: May 2012
HQ Location: San Bruno, CA
Company Founded: May 2004
Metrics: Since 2004, Nomis has completed over 35 implementations of pricing technology and processes. Along the way, our customers have run over 100,000 pricing scenarios, priced over $400 billion in consumer accounts, and generated over $400 million in incremental profits through the use of Nomis technology. 
Introducing Frank Rohde (CEO) and Prashant Balepur (VP of Product Development)

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Cachet Financial Services Helps Busy Executives Track Deposits

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Later this afternoon, Cachet Financial Solutions presented a way for companies to track and generate reports on deposit records:

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.”

Product Launched: May 2012
HQ Location: Minneapolis, MN
Company Founded: February 2010
Introducing Larry Blaney (Executive Vice President of Sales) and Christopher Ebbert (EVP and Chief Information Officer)

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TASCET Helps Financial Institutions Identify Customers by Using Fingerproofs

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Afterwards, TASCET demonstrated how Financial ICONN enables financial institutions to use biometrics to identify customers:
“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.”
Product Launched: May 2012
HQ Location: Madison, WI
Company Founded: March 2005
Metrics: $16 million in equity capital raised, 33 full time employees
Website: tascet.com
Introducing Larry Aubol (Founder & CEO), Rocky Alam (CTO), and Lynnea Krajco (Social Media Director)

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Kabbage’s K-Leaf Allows Businesses to Easily Add Information to their Kabbage Account

KabbageLogo.jpgThen, 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.”

Product Launched: May 2012
HQ Location: Atlanta, GA
Company Founded: February 2009
Metrics: Kabbage has raised just under $26 million from accredited investors, in addition to a recent $12,000 in debt financing. Kabbage has almost $8 million in A/R and currently has 47 employees. 
Website: kabbage.com
Introducing Robert Frohwein (CEO) and Kathryn Petralia (COO)

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With Bill.com’s CashView, Financial Institutions Can Help Business Customers Manage Cash Flow

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Next, Bill.com showed how financial institutions can use CashView to help business customers control 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.”

Product Launched: February 2012 (beta)
HQ Location: Palo Alto, CA
Company Founded: 2006
Website: bill.com
Introducing René Lacerte (CEO and Founder) and Dan Lind (VP Bank Solutions)

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Dynamics Shows Off its ePlate Technology

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Getting things started after lunch, Dynamics brought its ePlate card technology to the stage:
This new payment card allows consumers to choose between two different “experiences” using buttons on the front of the card that, when selected, rewrite the payments strip on the back of the card. 
Users can customize which experiences correlate to the buttons on the card by using the Dynamics mobile app or an online interface.
HQ Location: Pittsburgh, PA
Company Founded: September 2007
Product Launched: April 2012
Metrics: Dynamics has raised over $40 million and currently has over 100 employees
Introducing Jeff Mullen (CEO)

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Mitek Systems Empowers the Underbanked with New Prepaid Solution

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In the last demo before lunch, Mitek Systems discussed how its mobile imaging technology can be used to create alternative financial services for the growing population of underbanked Americans.
It demonstrated a mobile alternative to check-cashing stores that uses its mobile deposit technology, the same technology that powers mobile deposit solutions for the top 8 retail banks and more than 250 other financial institutions. 
This new capability will enable the underbanked population to take photos of the front and back of checks and load the funds directly onto a prepaid card. This innovative approach can free unbanked individuals from the confines and sometimes predatory practices of check-cashing facilities.
HQ Location: San Diego, CA
Company Founded: 1986
Introducing Jim DeBello (President & CEO) and Simy Pearson (Account Manager) 

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