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TASCET Helps Financial Institutions Identify Customers by Using Fingerproofs

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, TASCET

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

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, Kabbage

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.”

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

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: Bill.com, FinovateSpring 2012

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

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: Dynamics, FinovateSpring 2012

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

Website: dynamicsinc.com

Introducing Jeff Mullen (CEO)

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Mitek Systems Empowers the Underbanked with New Prepaid Solution

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, Mitek

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

Website: miteksystems.com

Introducing Jim DeBello (President & CEO) and Simy Pearson (Account Manager)

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Linkable Networks Demonstrates its SKU Card-Linked Offer Capability

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, Linkable Networks

Then, Linkable Networks showed how its SKU card-linked capability works with its new mobile apps:

“Linkable Networks is demoing our completely new, industry first patent-pending SKU (individual product) card-linked offer capability to the Finovate audience. We will highlight the capability through our new mobile applications, which enable any type of restaurant, service provider, retailer, or brand to capitalize on card linked offers in a mobile environment.

Additionally, savvy shoppers are empowered to access digital coupons at their fingertips, linking them to their existing credit or debit cards. Our solution leverages a combination of the payment card rails, strategic third party data, and merchant and manufacturer relationships which allows our ad network partners to distribute both merchant and SKU level offers to any consumer in any medium. Both of these differentiating factors translate to a much larger funnel of available and relevant offers as well as an increased reach and frequency of consumer engagement.”

Product Launched: May 2012

HQ Location: Boston, MA

Company Founded: September 2010

Metrics: Currently, Linkable Networks has 25 employees and has raised $11.8 million from several key investors including Bain Capital Ventures, Citi Ventures, Kepha Partners, and Common Angels.

Website: linkablenetworks.com

Introducing Tom Burgess (Co-Founder and CEO) and Doug Spear (Co-Founder and Executive Vice President)

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PaySimple Demonstrates its Accounts Receivable System for Small Business

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, PaySimple

Later this morning, PaySimple showed how its cloud-based management solution can help small businesses:

“PaySimple provides a cloud-based accounts receivable management solution for small business. With PaySimple, businesses can accept credit card and ACH payments and automate billing across channels including recurring billing, electronic invoicing, and web, mail, phone, and mobile payments. This is integrated with customer management and smart reporting to help small businesses not only save time and get paid faster, but also grow their business.

Additionally, PaySimple is available as a turn-key, custom-branded solution for large institutions looking to provide their members with a value-added offering. Partners with custom-branded products in market today include American Express, Chase, Western Union, and Vantiv.”

Product Launched: May 2012

HQ Location: Denver, CO

Company Founded: January 2006

Metrics: PaySimple has raised $28.5 million in capital through three rounds. In its most recent round in September 2011, PaySimple received $16 million of growth capital from Susquehanna Growth Equity. Approximately 10,000 small businesses use PaySimple to save time and get paid faster. Recent results reported by customers say that 85% of them save time, 55% get paid faster, 91% started with ease, and 96% love our support. PaySimple currently has 70 employees.

Website: paysimple.com

Introducing Eric Remer (Founder and CEO) and Jenae Wiegert (VP, Product & Marketing)

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Silver Tail Systems Identifies Parameter Injection Threats

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, Silver Tail Systems

Today, Silver Tail Systems showed how its Parameter Injection Detection keeps personal information safe:

“As malware becomes more prevalent on end-user devices, criminals are devising new ways to exploit these compromised machines. One of the latest threats is parameter injection.

In parameter injection, the malware intercepts the html associated with the website before it is displayed on the end-user’s machine. The html is modified so that new parameters are shown to the user. These parameters request personal information from the end user in an innocuous way. Silver Tail’s Parameter Injection threat score identifies when there are extra parameters in the http stream returned to the banking website. This can be used to determine when an end user’s machine is infected and whether or not any personal information was lost.”

Product Launched: March 14, 2012

HQ Location: Menlo Park, CA

Company Founded: January 2008

Website: silvertailsystems.com

Introducing Laura Mather (Founder and Chief Visionary)

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iQuantifi Takes Budgeting to the Next Level to Help Achieve Financial Goals

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, iQuantifi

Afterwards, iQuantifi demonstrated how its platform can help you achieve your financial goals:

“iQuantifi goes beyond budgeting by providing the ability to take that next step. The combination of financial advice and the ability to implement that advice is what separates our software platform from other financial sites. iQuantifi is the first company to provide automated and personalized financial advice with the platform to immediately use financial products and services to reach goals – all online.”

Product Launched: June 2012

HQ Location: Franklin, TN

Company Founded: June 2011

Metrics: Money raised to date: $250,000; number of employees: 4; revenues: pre-revenue; registered users: 100 Alpha testers

Website: iquantifi.com

Introducing Tom White (Founder and CEO) and Karen White (Co-Founder)

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

By Julie Muhn (@julieschicktanz) Posted on May 8, 2012
Categories: FinovateSpring 2012, IP Commerce

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

Website: ipcommerce.com

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 May 8, 2012
Categories: edo Interactive, FinovateSpring 2012

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

Website: edointeractive.com

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 May 8, 2012
Categories: BankersLab, FinovateSpring 2012

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.

Website: bankerslab.com

Introducing Kurt Gingher (CTO) and Gail Galuppo (CMO)

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