Bolstr’s Crowdfunding Platform Helps Small Businesses Raise Capital

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bolstr, FinovateFall 2012

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Next, Bolstr demonstrated its crowdfunding platform:
“Bolstr is the first crowdfunding platform focused on adding liquidity to main street small businesses and the only platform able to legally operate pre-JOBS Act. We have worked tirelessly along with our legal counsel to create a model that works within the current regulatory environment.
Bolstr’s proprietary, compliance engine navigates small businesses through the complicated state-by-state regulatory rules. The technology automatically calibrates to a small businesses raise, taking into consideration a multitude of variables to ensure each business raises capital within the rules.”
Product Launched: August 2012
HQ Location: New York, NY
Company Founded: November 2011
Metrics: $250K in capital raised to date
Website: bolstr.com
Twitter: @BolstrYourBiz
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Larry Baker (Co-Founder) and Charlie Tribbett (Co-Founder)
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Pindrop Security Launches Fraud Detection System

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Pindrop Security

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Then, Pindrop Security launched a solution to protect FIs against fraud:

“FFIEC Authentication Guidance recommends out-of-band methods to verify online (web-based) transactions as part of their layered security approach. Most banks use the phone to do this by placing a phone call to verify an online transaction. However, attackers are using fraudulent call forwarding and number porting to redirect this phone call to the attacker’s phones. 

Pindrop Security is introducing a first-of-its-kind service to protect financial institutions against fraudulent customer out-of-band verification by identifying when a call is reaching a legitimate customer and when the call has been forwarded/ported to a new device.”

Product Launched: September 2012
HQ Location: Atlanta, GA
Company Founded: April 2011
Metrics: Pindrop employs 15 people as of September 2012, and we’re hiring. We raised $1M in seed funding and have also been granted significant funding through National Science Foundation grants. We have deployed at a Top 5 bank and are engaged in most of the top financial institutions.
Twitter: @pindropsecurity
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Vijay Balasubramaniyan (CEO) and Matt Anthony (VP Marketing)
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Backbase’s Launchpad Reduces Time-to-Market for Mobile Projects

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, FinovateFall 2012

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Afterward, Backbase demonstrated Launchpad, a solution that minimizes time-to-market for mobile projects:
“Backbase Launchpad is a new and unique banking experience, based on Backbase Portal technology. Launchpad offers the latest innovations and best practices in user experience design and cross device customer journeys. The goal of Launchpad is to drastically bring down time-to-market for online and mobile projects.
Launchpad is immediately optimized for use on regular browsers, tablets and smartphones and is entirely manageable by the e-business and digital teams using the Backbase Portal Manager. Launchpad is seamlessly integrated with the Backbase App Center and includes apps such as: Accounts Overview, Payments, PFM, Stock Portfolio Manager, Message Center, etc. Other apps (either developed by the bank, by Backbase or by third party vendors) can be easily added to Launchpad.
Launchpad and its apps come with a universal integration architecture to hook up existing core banking systems with the new Bank 2.0 front-end.”
Product Launched: 2012
HQ Location: New York, NY
Company Founded: April 2003
Metrics: Privately funded, 150+ employees with offices in New York, Amsterdam, London, Singapore and Moscow
Twitter: @backbase
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Greg Turman (VP Sales North America) and Jelmer de Jong (Global Head of Marketing)
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Mortgage Harmony’s Solution Gives FIs a Mortgage Interface for Their Borrowers

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Mortgage Harmony

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Then, Mortgage Harmony took the stage with HarmonyLoan Central:

“HarmonyLoan Central is a client-branded web-interface for borrowers to access their HarmonyLoan. The product eliminates the need for the traditional refinance. 

With a single click of the button, a borrower can reset their mortgage rate with no fees, appraisal, credit check, underwriting, and no new amortization schedule. The financial institution eliminates back office processing costs and increases loan retention, all at a premium yield. The servicer reduces portfolio churn, and the loan originator creates a recurring revenue stream via our patented compensation method. In other words, everyone wins.”

Product Launched: December 2010
HQ Location: McLean, VA
Company Founded: December 2008
Metrics: Over $1.1M raised, 7 employees, 12 customers
Twitter: @harmonyloan
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Keith Kelly (CEO) and Ray Crosier (President)
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Banno Shows off Grip’s New Capabilities

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, FinovateFall 2012

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Next, Banno (formerly T8 Webware) demonstrated new capabilities of Grip:

“Banno will unveil Grip’s ability to provide insights before the transaction with its new, seamlessly integrated decision-support features and overhauled user interface.”

Product Launched: September 2012 at FinovateFall
HQ Location: Cedar Falls, IA
Company Founded: March 2008
Metrics: $500k raised, 61 employees 
Website: banno.com
Twitter: @BannoHQ
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Wade Arnold (CEO) and Ben Metz (Lead Product Engineer)
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Stockr Launches Social Investing Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Stockr

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Third, Stockr debuted its social network for investing:

“Over 70 million people use the Internet to obtain financial information, yet the current platforms for discussion are archaic and inefficient. Millions of stock market investors visit Yahoo! Finance message boards and/or subscribe to stock newsletters despite the lack of transparency, poor communications, and rampant spamming. Stockr has constructed a social network for investing, bringing identity and transparency to an otherwise anonymous environment, and unveiling a new layer of market information.”

Product Launched: September 2012
HQ Location: Santa Monica, CA
Company Founded: June 2010
Metrics: $1.2M raised, 8 employees, 500 private beta users
Website: stockr.com
Twitter: @stockr
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Vinny Jindal (Co-Founder & CEO)
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Credit Sesame Launches Financial Fitness Indicator

By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Sesame, FinovateFall 2012

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Second up, Credit Sesame launched a solution to give users a comprehensive view of their financial situation:

“Credit Sesame introduces a new financial dashboard and Financial Fitness Indicators that provide the external context a user needs so they can fully analyze and optimize their financial situation. 

The new capabilities will give users a comprehensive assessment of their individual financial situation, analyze current market trends and provide action plans to capitalize on them. It provides users with valuable insight into the successes of their peers so their patterns can be emulated. The new Financial Fitness Indicators sum up all of consumer’s credit and debt information into visual components that an individual can use to determine their overall financial fitness.”

Product Launched: September 12, 2012
HQ Location: Sunnyvale, CA
Company Founded: January 2010
Metrics: $19.34M raised, 20 employees
Twitter: @CreditSesame
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Adrian Nazari (Founder & CEO) and Linden Kohtz Garcia (Public Relations Manager)
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DigitalMailer’s My Virtual Strongbox Gives FI Members a Place to Store Personal Documents

By Julie Muhn (@julieschicktanz) Posted on
Categories: DigitalMailer, FinovateFall 2012

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Starting off the second session, DigitalMailer demonstrated how FIs can use My Virtual Strongbox to store copies of personal documents:

“My Virtual Strongbox is a new SaaS application that enables users to store copies of their most personal documents including wills, birth/marriage certificates, insurance policies, deeds, titles, and any other important documents that would be sorely missed if lost or destroyed.”

Product Launched: April 2012
HQ Location: Herndon, VA
Company Founded: March 2000
Metrics: DigitalMailer has 200+ financial institutions using its services, with over 5M combined customers, eleven digital communication products in market and 23 employees in its Herndon, VA and Charlotte, NC offices. Over 60M electronic statements and 80M emails have been processed by the company’s digital communication products since its inception.
Twitter: @digitalmailer
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Ron Daly (President & CEO) and Greg Crandell (EVP)
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Luminous Launches BankFiling

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Luminous

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Luminous, who was last up for the first session, launched BankFiling:

“BankFiling is an innovative solution that enables banks to recover significant cost leakage by automating the timely collection of periodic financial information from business customers with credit exposure to the bank.”

Product Launched: September 2012
HQ Location: Johannesburg, South Africa
Company Founded: 2007
Metrics: Luminous employs over 25 people globally. Our client base consists of financial institutions that have over 120,000 users to date.
Twitter: @luminousbanking
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Warren Bond (CEO) and Andrew Teversham (Chief Technology Officer)
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aSpark Launches Stock Panorama

By Julie Muhn (@julieschicktanz) Posted on
Categories: aSpark, FinovateFall 2012

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Next, aSpark launched Stock Panorama to give users a 360 degree view of relevant information about their personal stocks:
“Stock Panorama brings what matters to an investor’s portfolio – combination of relevant and key market data, analyst sentiment and social intelligence to your mobile device. Today, you seek this information. Stock Panorama reduces the homework and brings it to you when it matters so that you are never surprised!
The app follows key events and information around these events for your stocks and integrates them into your personal calendar – so you can see what’s ahead for your investments. You get the right information anywhere, anytime.”
Product Launched: September 2012
HQ Location: New York, NY
Company Founded: December 2011
Metrics: $750K raised to date, 50 employees based in New York, NY and Mumbai, India
Website: aspark.com
Twitter: @aSparkInc
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Raj Patil (CEO) and Rajul Rana (CTO)
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Cachet Financial’s CheckReview Helps Identify Check Fraud

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cachet Financial Solutions, FinovateFall 2012

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Then, Cachet Financial launched its CheckReview Solution:

“Our patent-pending CheckReview Solution is a proprietary technology that helps financial institutions to identify potential check fraud by giving them the ability to view and validate the digital image of the check in real time. 

In the past, financial institutions could only view a check image after it had been cleared for deposit. By allowing access to the images before clearing, Cachet gives clients greater control in mitigating check fraud.”

Product Launched: September 2012
HQ Location: Minneapolis, MN
Company Founded: February 2010
Twitter: @CachetFinancial
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Larry Blaney (EVP of Sales) and Christopher Ebbert (Chief Information Officer)
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Thomson Reuters Enables FIs to Create Market Monitoring and Investing Apps

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Thomson Reuters

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Afterward, Thomson Reuters took the stage with its App Store solution:

“Thomson Reuters is pleased to introduce their App Store solution that enables access to the latest innovative capabilities and tools for use across the digital enterprise. 

The Thomson Reuters solution enables financial institutions and third party developers to effortlessly create pioneering market monitoring and investing apps. By seamlessly integrating the combination of Thomson Reuters content assets with a firm’s customer account data and other data sources, Thomson Reuters is helping institutions leverage the providers of financial insight to deliver a differentiated experience for their customers while lowering both development costs and time to market.”

Product Launching: Late 2012
HQ Location: New York, NY
Company Founded: 1851
Metrics: 50,000 employees, $12.9B revenue
Twitter: @thomsonreuters
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Jaime Punishill (Global Head of Digital Distribution & Content) and Michael Gavronsky (VP Financial Services EPAM Systems)
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