FinovateSpring 2012 Sneak Peek: Part 3

Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for FS2012IMG.jpg

As promised, this is part 3 of the sneak peek of the companies that will demo at FinovateSpring May 8 and 9 in San Francisco. Each company provided a short summary of the innovation they will debut on stage. In case you missed them, check out Sneak Peek Part 1 and Sneak Peek Part 2.

Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateSpring ticket here.

______________________________________________________


AccessDevelopmentLogo.jpg

It’s understood that the more customers interact with a rewards program, the more engaged and loyal they become. Redeeming points and receiving value makes them happy. Yet the hard costs and management of those rewards has become prohibitive for financial institutions. 
Access Development will debut PowerDeals, a micro-redemption engine that offers customers valuable rewards for a minimal number of points, resulting in more transactions. PowerDeals will help increase customer loyalty while significantly decreasing program costs and accrual liability for the financial institution.
Innovation type: Communications, marketing, rewards

ApplauseLearningLogo.jpg

Applause Learning is changing the way children learn about money. Their unique new product, The Coindexter Club, presents financial literacy in an innovative, game-based format that keeps children entertained as they learn the core principles of financial management. The Coindexter Club immerses children in the exciting virtual world of Econopolis (found at Coindexter.com) where they are taught to earn, save, spend, and invest money.
Innovation type: Marketing

Thumbnail image for BancBoxLogo.jpg

BancBox is an infrastructure platform that helps companies build payment services into their web and mobile applications. Based on a simple API-driven approach that allows customers to maintain control of their user experience, BancBox delivers a secure, compliant and integrated way for clients to collect, store and send money from within their applications. 
BancBox also offers a unique service that assists clients in addressing the regulatory complexities of moving money in compliance with state money transmitter laws. As a trusted expert with years of payment operations experience, BancBox has opened over one hundred thousand consumer accounts and processed billions of dollars in payments.
Innovation type: Banking, cards, payments, security

BankersLabLogo.jpg

If you’ve invested in a better airplane; why haven’t you invested in the pilot? Introducing CreditLab— the flight simulator for the retail lending world. 
Focused on credit risk management skills, this dynamic training system requires players to manage their lending portfolios through stormy conditions, such as heavy price competition and an economic recession. Pitted against competitive teams, players must make tough choices, learning to anticipate portfolio management adjustments so that they can stay the course.
Innovation type: Back office, cards, lending

Thumbnail image for Thumbnail image for blazeMOBILELogo.jpg

Blaze Mobile develops innovative mobile commerce, healthcare, banking and advertising solutions that enable secure, convenient, cost-effective transactions and promotions from the mobile device. Utilizing its patented NFC and mobile technology, the Blaze Mobile product suite includes:
    • Mobile Wallet
    • NFC-enabling Payment Stickers
    • Blaze Mobile Advertising Platform that delivers personalized ads and coupons based on customer shopping history, location, interests, gender, and other data
Innovation type: Mobile and tablet, payments, rewards

Thumbnail image for ConcurLogo.jpg

More than 15 million people in 100 countries trust Concur to manage their travel and expenses, and save them time. In 2011, Concur acquired TripIt, the leading mobile trip organizer that makes it easy for millions of people to organize and share their travel plans. Together, Concur and TripIt make it possible for companies to use trip data to simplify expense reports and save time. Come find out what that means for you.

Innovation type: Back office, mobile and tablet, online, small business

Thumbnail image for DeviceFidelityLogo.jpg

moneto is a prepaid mobile wallet powered by MasterCard PayPass technology and created by DeviceFidelity. Using DeviceFidelity’s globally renowned In2Pay microSD solution, moneto’s unique portability and consumer centric approach means greater adoption and rapid penetration.
moneto makes money management easy from start to finish. It’s the simple, secure and elegant way to give users the most from their cash using just their mobile phone. Compatible with both iPhone and Android and accepted at hundreds of thousands of retailers nationwide, moneto is the ultimate virtual wallet.
Innovation type: Banking, cards, mobile, payments, PFM, rewards

ExperianLogoFS2012.jpg

According to a recent report from the National Federation of Independent Businesses (NFIB), cash flow was identified as the highest-priority finance issue affecting small-business owners. Experian’s Business Information Services will demonstrate a new solution that helps small businesses solve this issue by enabling owners and principals to quickly and easily make better decisions across the entire Customer Life Cycle. It is these important decisions that help businesses meet their obligations and often can mean the difference between success or failure.
Innovation type: Small business

InStreamSolLogo.jpg

inStream Solutions grew out of a desire to help financial advisors provide better service to their clients. This is the first proactive financial planning software for financial advisors that integrates financial advice and coordinates financial services with a lead generation model. 
inStream Solutions also leverages the knowledge generated by advisors into a best practices resource, provides real-time insight into how advisors use financial products to solve the issues of their affluent clients, and helps advisors understand what is going on within their practice.
Innovation type: Investing, PFM

Thumbnail image for IPCommerceLogo.jpg

Powering Innovation for Commerce — The IP Commerce Platform and Commerce Playlists enable developers to create innovative applications and workflows that incorporate all channels of commerce.
IP Commerce offers the fastest, easiest way to enable commerce services for complex multi-channel applications. With IP Commerce, you can create rich interactions between all parties of a commerce ecosystem (Retailers, ISVs, Acquirers, Processors, Social Networks, Value-Added-Service Providers, etc.).
The world of commerce technology is growing as never before and IP Commerce is at the vanguard.
Innovation type: Payments

TIONetworksLogo.jpg

TIO Networks is a cloud based multi-channel bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. TIO enables these companies to provide bill payment services to the population of over 60 million underbanked consumers.  With more than 55,000 physical location endpoints to its bill payment processing network, TIO symbolizes fast, convenient and secure access to expedited payment services.
Innovation type: Back office, mobile, payments

WattzOnLogo.jpg

Increase consumer engagement and drive loyalty with our WattzOn Personal Energy Management Platform. WattzOn provides your consumers with easy-to-use tools that help people use less energy, save money and be green. Personalized recommendations can be enhanced with complementary financial products such as credit cards, savings accounts, home and car loans.
Features include:
    • Apples-to-apples comparisons of home energy use to similar homes
    • Personalized energy saving recommendations
    • Fuel-efficient car savings calculator
    • Automated monitoring with secure connections to 100+ energy utilities
    • Instant home solar savings calculator
Innovation type: Marketing, online, PFM

Finovate Alumni News– April 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTIO Networks named one of Canada’s leading tech companies, placed in Canada’s Branham25. See TIO Networks new tech at FinovateSpring.
  • SecureKey named  one of the top 25 up and comers in the Branham300 list of top tech companies in Canada.
  • Guardian Analytics launches fraud detection software for mobiles.
  • The Brainyard reports Bazaarvoice adds SAP, Salesforce.com integration.
  • Mortgagebot’s online lending tech supports 25% increase in loan production for Bank of Colorado.
  • DoughMain launches new savings tool for kids.
  • KeyBank launches new mobile banking solution with mFoundry.
  • SpendMatters covers Taulia. Come see Taulia’s demo at FinovateSpring 2012.
  • WSJ looks at US Bank’s implementation of FreeMonee.
  • Figlo expands Asia Pacific focus.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni news– April 24, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology news highlights T8 Webware’s internship program.
  • Arroweye Solutions patents digital on-demand technology.
  • Ensenta & MShift extend the reach of mobile banking with mobile deposit.
  • P2P-Banking reports Zopa to add more loan terms.
  • Celent publishes FinovateEurope 2012 report that looks at innovative payment startups.
  • Acculynk announces Digital River World Payments as a new PaySecure client.
  • Corporate Insight looks at FutureAdvisor. Come see their new tech at FinovateSpring 2012 in two weeks.
  • BancVue’s MoneyIsland wins Eifle Award for Instructional Game of the Year.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

First Quarter 2012 Funding for Finovate Alumni, $150 Million Raised

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

Since we are nearing the end of the first quarter, we wanted to look back at all of the Finovate alums who have raised funding over the past few months.

Here’s the month-by-month breakdown:

January — $25 million raised by 3 companies

February — $57 million raised by 5 companies
March — $68 million raised by 3 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to [email protected] and I will add it.

Finovate Alumni News– April 20, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDynamics launches ePlate card technology, allows users to choose payment rewards. Come see it demo live at FinovateSpring.
  • HelloWallet hires Michael Yoch, former NPR product lead & Trooper Sanders, former Michelle Obama advisor.
  • Klarna wins Billion Dollar Company award at GP Bullhound Digital Champions Nordic 2012.
  • Integration Developer News covers Ping Identity’s PingOne.
  • AOL Daily Finance discusses why they like Bazaarvoice.
  •  First quarter 2012 funding for Finovate alumni: $150 million raised.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Dynamics Launches ePlate Card Technology, Allows Users to Choose Payment Rewards

DynamicsLogo1.jpg

Powered payments card company, Dynamics, showed off its newest innovation at DEMO yesterday.

The Pennsylvania-based company released a technology called ePlate. Its a new payment card that 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. 

Thumbnail image for eplate2.jpg

Users can customize which experiences correlate to the buttons on the card by using the Dynamics mobile app (pictured below) or an online interface.

Thumbnail image for DynamicsExperienceMgr.jpg

There are currently 11 providers

      1. Upper Deck
      2. Dark Horse Comics
      3. Evil Genius Games
      4. Avenue Social Games
      5. Social Cubix Games
      6. Jersey Jack Pinball
      7. Toys for Tots
      8. Lemonade Day
      9. A sweepstakes application that allows users to compete for large prizes
      10. A Dynamics Credits application that allows users to earn credits for the ePlate platform
      11. A social network application that allows users to share their purchases with their social network friends 

In order to encourage the addition of more experiences, Dynamics introduced an SDK with an API that includes 4 developer tools:

1. Developers are given purchase data when customers use the brand’s experience application
2. Developers are given 25 basis points for every purchase made using their application
 
3. Developers can add a secondary transaction on top of any purchase. An example of this would be a charity that allows the customer to approve a $1 donation to their organization when they conduct a regular purchase.
4. Developers can give users a statement credit. An example of this would be a retailer that provides the consumer with a $10 statement credit when they spend $100 at the retail location.

In preparation for the launch, Dynamics redesigned its website and changed its domain name from poweredcards.com to Dynamicsinc.com.

To see Dynamics demo the ePlate live, come to FinovateSpring 2012 in San Francisco May 8 and 9.

Finovate Alumni News– April 19, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCarahsoft Technology partners with Silver Tail Systems.
  • ARM Insight & IP Commerce close the loop on real-time offer redemption.
  • eToro updates its Android app with Social Cherry feature.
  • MoneyGram joins ZipZap’s U.S. payment center network.
  • Loyalty 360 interviews Tom Burgess, CEO of Linkable Networks.
  • Internet Initiative Japan launches Ping Identity’s Cloud Federated Authentication Solution.
  • Q2ebanking powers Penn Liberty Bank’s Android mobile banking.
  • On Deck announces the launch of Split Funding, a loan repayment method. See its live demo at FinovateSpring.
  • UPS recommends Kabbage for small business financing.
  • Forward Thinking explains how Mint’s mobile model has completely changed Intuit.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FirstData to Use MoneyDesktop’s PFM in Online Banking Solution

MoneyDesktopLogoSm.jpg

Today, Utah-based MoneyDesktop announced it signed an agreement with FirstData, a global technology and payments processor.

As a part of this agreement, FirstData’s online banking offering, FundsXpress fx eBanking, will feature MoneyDesktop’s PFM:

“The PFM tool includes account aggregation from more than 10,000 financial institutions as well as budgeting and debt management tools to help financial institution customers manage all of their financial accounts in one place.”

MoneyDesktopandFirstData.jpg

FirstData online banking customers will have access to the PFM beginning in the third quarter of 2012.

To learn more about MoneyDesktop, come to FinovateSpring 2012 to see its live demo.

Finovate Alumni News– April 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Paypers reports Geezeo inks contract with Loc FCU.
  • ProfitStars introduces RemitCentral for centralized payment processing. See ProfitStars at FinovateSpring.
  • Business Insider looks at why PayPal continues to be relevant to small businesses.
  • GeekWire reports how VC investments in Finsphere brought VC cash to Seattle.
  • Yodlee partners with Central 1 to power PFM for Canadian financial institutions.
  • AlphaClone now displays stock prices on Sentiment Charts.
  • Forex News Now reviews Currensee.
  • Ping Identity named 1 of Denver Post’s 2012 top workplaces.
  • FirstData to use MoneyDesktop’s PFM in online banking solution.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring 2012 Sneak Peek: Part 2

Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for FS2012IMG.jpg

Here’s part 2 of the sneak peek of the companies that will demoing at FinovateSpring May 8 and 9 in San Francisco. Each company provided a short summary of the innovation they will debut on stage. We published 23 last week and we will complete the preview next week.
Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateSpring ticket here.
__________________________________________________________________________

Thumbnail image for Thumbnail image for DCisionsLogo.jpg

InvestorBee puts data at consumers’ fingertips so they can make smart, confident investments.
  • It’s fact, not opinion. Users can tap into the database to learn from the experiences of nearly 1.5 million investors.
  • It’s an investment health check. Users can compare their portfolios and multi-asset products with fact-based, relevant benchmarks to understand whether they receive fair value.
  • It’s simple investing without guesswork. Users can choose an objective risk-based strategy to track that’s right for them in a few easy steps.
Users extract wisdom from the crowd to make better, simpler investment decisions – all for free at InvestorBee.
Innovation type: Investing, marketing, PFM

iQuantifiLogo.jpg

iQuantifi takes you way beyond budgeting! It helps you reach all your financial goals and tells you exactly how you can do it. No estimates. No calculators. Just solid advice and the power to do it all online.
Innovation type: Banking products, investing, PFM
Historically, investing in securities has been 
a difficult proposition for retail investors, 

Thumbnail image for Thumbnail image for kuspitLogo.jpg

mainly due to the lack of access to competitive products and the absence of user-friendly financial education tools.
This problem is exacerbated in emerging markets, where financial markets tend to be less developed.
Kuspit offers retail investors an online platform to learn about investing, apply what they’ve learned, and invest in the same platform. All of this is available in an easy and progressive manner, while sharing ideas with the community.
Innovation type: Investing, online, PFM

Thumbnail image for Thumbnail image for OnDeckLogo.jpg

The current infrastructure to deliver capital to Main Street businesses is broken. It’s simply too expensive for banks to manually analyze and underwrite a small loan – whether it is $10,000 or $100,000. As a result, banks make fewer loans, and creditworthy small businesses are denied the capital they need to grow. 
On Deck has created an efficient, effective and proven solution to this fundamental problem. By leveraging new digital sources of data, any institution can increase its small business lending through the On Deck platform, delivering funding decisions in minutes rather than weeks.
Innovation type: Lending, payments, small business

PaySimpleLogo.jpg

PaySimple is launching an innovative platform for banks to set up their own private-labeled version of cloud-based receivables automation. With this platform, banks of all sizes can easily bring to market a sticky value-added offering to attract and retain small business members, while adding a new revenue stream. 
PaySimple will demonstrate how banks can set up custom-branded software in a few simple steps and how small businesses can immediately benefit from a system that combines payment acceptance across channels integrated with customer management.
Innovation type: Online, payments, small business

PortfolioFootballLogo.jpg

Portfolio Football is a first-of-a-kind application that addresses the need for financial planning and literacy through gamification. Portfolio Football plays on the popularity of American Football and the adoption of fantasy sports into the lives millions. It makes financial management competitive, fun and easy to understand, while providing users with a powerful tool for personal finance and portfolio management. It’s a true “game changer.”
Innovation type: Investing, Online, PFM

Thumbnail image for Thumbnail image for saveupLogo.jpg

With 80% of Americans between the ages 20-40 now using social media and playing social games, how can financial institutions reach their customers in new ways?
Introducing SaveUp – an innovative program that uses game mechanics to reward good financial behavior. When users save money and reduce debt, they earn credits to play for prizes like cars, travel, and cash up to $2 million.
Financial institutions can use a customized SaveUp experience to help their customers make better financial decisions, increase engagement, and cross-sell products. Current FI partner campaigns have conversion rates of up to 44%.
Build a deeper relationship with your customers while helping them succeed.
Innovation type: Marketing, rewards

Thumbnail image for SoMoLendLogo.jpg

SoMoLend makes investing in your online community simple, affordable, and social. SoMo is an online platform that uses patent-pending lending technology executed within a hyper-localized geographic scope to connect small business borrowers with individual and organizational investors.  
SoMo’s user-friendly technology allows business borrowers to raise capital from friends and family, customers and community supporters as well as from Facebook, Twitter and LinkedIn connections. Investors lend money directly to borrowers through the SoMo platform, which then packages the loans and sells them as notes, bypassing banks and credit-card issuers.
Innovation type: Investing, lending, small business

ThomsonReutersLogo.jpg

Thomson Reuters is pleased to introduce their new App Store solution that enables access to the latest innovative capabilities and tools for use across the digital enterprise. Thomson Reuters’ solution makes it easy for financial institutions and third-party developers to create and integrate pioneering market monitoring and investing apps. 
By seamlessly enabling the combination of Thomson Reuters content, firm’s customer account data and firm’s internal and other data sources, Thompson Reuters is helping institutions leverage the providers of financial content. This delivers a differentiated experience for their customers while lowering both development costs and time to market.
Innovation type: Investing, marketing, mobile, online, PFM

ZipZapLogo.jpg

Approximately half of the world’s population are cash-preferred consumers (unbanked, underbanked, teens or privacy-concerned) and have no bank account or limited access to traditional financial services. eCommerce merchants have not had a way, until now, to monetize this segment of consumers simply missing out on the substantial revenues they represent.
ZipZap will unveil the latest innovations in global cash transaction solutions for eCommerce merchants. CashCade ensures no more lost revenue from card-based transactions being declined, while CashPayment enables consumers worldwide to make payments for online purchases at offline locations using cash.
Innovation type: Back office, payments

Balance Financial Launches Portfolio Reporting, Adds 2 Board Members

Thumbnail image for Balance FinancialLogo9.2.11.jpg

Balance Financial, a software suite for financial professionals, launched a solution called Portfolio Reporting today.

The new solution serves as a one-stop-shop for financial advisors, family offices, and CPAs to track and review their clients’ financial holdings.

Below is a description from Balance’s website:

<style="text-align: center;">

BalPortfolioReporting.jpg

In unrelated news, GeekWire shared that Stephan Roche (bio), CMO of Memory Lane, and and Will Kessinger (bio), co-founder of Vformation, have been added to Balance’s board of directors.

To learn more about Balance Financial, watch its FinovateFall 2011 demo.

OpenCuro’s Payment Module Now Available for Zen Cart

OpenCuroLogo.jpg

Secure payments startup, OpenCuro announced today that its payment module will be available in Zen Cart’s open source shopping cart.

The payment module is free and can be integrated with OpenCuro’s API. Merchants that already use Zen Cart can begin accepting payments on their checkout site via PaymentMethod.jpgOpenCuro in minutes.

The module can be installed on the OpenCuro or Zen Cart website and requires no IT or programming skills. 

To learn more about OpenCuro, watch its FinovateSpring 2012 demo.

OpenCuroandZen.jpg