FinovateSpring: Cyber Security, Branch Banking, Partnerships, Financial Wellness, and More

By finovate Posted on
Categories: Branch Banking, FinovateSpring 2018, Mobile Banking, Security, Security & Privacy

Cyber security is finally at the frontline of conversations, but is it that easy?

Today we chatted with Sean Sposito, Security Analyst at Javelin Strategy, about the challenges that financial services companies have when dealing with cyber security. While awareness of cyber security has never been higher, Sposito asks whether that really equals an impenetrable safe wall?

Banks: who do you want to be when you grow up?

We ask John Waupsh, Chief Innovation Officer at Kasasa, where the branch stands? “Consumers, including millennials, still want to go into the branch and talk to somebody,” Waupsh says. But he counters with the fact that banks should be investing in a future of embedded banking.

FI + Core Vendor + Fintech: What it takes to make the partnership work

Tina Giorgio, President & CEO of ICBA Bancard, speaks with us live at FinovateSpring 2018 about the three Ts  – time, talent, and treasure –  that can guide community banks as they seek to adopt new technologies.

Financial wellness first: transforming the digital experience

“As a financial services industry, we have not yet been able to help a customer understand that the decisions that they make today impact their short and long-term goals,” says Tiffani Montez, Retail Banking Senior Analyst for Aite Group. Taking a new perspective on the digital experience, Montez addresses the key themes that can be facilitated by keeping financial wellness at the forefront: mobile experience, the role of the branch, and reinventing the checking account.

Security scars are key to innovation

“What’s your surface area and what are you defending?” is the first question you should be asking yourself when considering cyber security, according to Ben Johnson, CTO & Co-Founder, Obsidian Security. We speak to him live at FinovateSpring 2018 about the best practice and innovations in cyber security today.

“Banks can’t be everything for everyone”

We speak to Alex Jimenez, Vice President Senior Strategist, Zions Bancorporation about the key takeaways from the panels he participated in that addresses payments and platformization.

 

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Welcome to Day Three of FinovateSpring

Welcome to Day Three of FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

We wrapped up the demos at FinovateSpring yesterday and crowned the Best of Show winners. Today we’re switching gears to discuss some of the tools and trends we saw on stage, and look at what they mean for the future of fintech.

There’s a lot to fit in, so doors open earlier this morning at 8 AM and the general session kicks off at 9 AM here at the Santa Clara Convention Center. Tickets are still available at the door.

You can check out the full agenda on our website, but here’s what you can expect today:

8 AM to 9 AM Registration and Continental Breakfast

9:00 Opening Remarks

9:10 to 9:55 Analyst All Stars

  • Shane Hubbell – Managing Director, Alkali Partners
  • Jacob Jegher – Senior Vice President, Banking and Head of Strategy, Javelin Strategy & Research
  • Daniel Latimore – Senior Vice President, Banking Group, Celent
  • Tiffani Montez – Retail Banking Senior Analyst, Aite Group
  • Ron Shevlin – Director of Research, Cornerstone Advisors
  • Jerry Silva – Global Retail Banking Research Director, IDC Financial Insights

9:55 to 10:35 Keynote Address: How Blockchain will revolutionize the industry

  • Bettina Warburg – Blockchain Researcher, Entrepreneur and Educator, Animal Ventures

10:35 to 10:55 Strategy Session: Is the future digital interface voice activated?

  • Mark Schwanhausser – Director Digital Banking, Javelin Strategy
  • Theodora (Theo) Lau – Innovator Technologist and Connector, Unconventional Ventures
  • Windsor Tanner – VP, Voice Biometrics for Real-Time Authentication, NICE

10:55 to 11:30 Refreshments and Networking Break

11:30 to 12:00 Panel Discussion: Open Banking, APIs & Regulation – Shifting sands of the US banking industry

  • Jacob Jegher – Senior Vice President, Banking and Head of Strategy, Javelin Strategy & Research
  • Kerry Warwicker – Head of Research & Intelligence, Digital Cash Products – Global Transaction Banking, Deutsche Bank
  • Dan Quan – Head of Catalyst, Consumer Financial Protection Bureau (CFPB)
  • Oded Shoshany – CEO, CeleritiFinTech

12:00 to 12:20 Question Time: Customer Acquisition and Retention Models – New technologies and ideas being used to sell to and service client accounts in order to increase growth and profits

  • Steven Ramirez – CEO, Beyond the Arc
  • Mahima Chawla – Growth Lead at Square Capital, Square
  • Vaduvur Bharghavan – CEO, Ondot Systems

12:20 to 1:00 Thriving in an Era of Digital Disruption

  • JP Nicols – Managing Director, Fintech Forge

1:00 to 2:00 Lunch and Networking

2:00 to 3:25 Summit Sessions

  • Banking & Payments
  • Digital Lending
  • Customer Experience
  • Cyber Security

3:25 to 4:00 Afternoon Coffee & Networking Break

4:00 to 5:05 Summit Sessions

  • Banking & Payments
  • Digital Lending
  • Customer Experience
  • Cyber Security

5:05 to 6:30 Reception & Networking

We’re excited to continue this momentum tomorrow, when registration opens at 8 AM and the general session content begins at 9 AM.

If you need to bring your bags, free coat check will be available.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Green Dot, HelloWallet, PayPal, TransferWise

On Finovate.com

  • FinovateSpring 2018 Best of Show winners announced.

Around the web

  • TransferWise releases batch payments.
  • Bankrate features KeyBank’s acquisition of HelloWallet.
  • American Banker: Green Dot’s mobile growth distances it from its prepaid reputation.
  • Visa and PayPal extend partnership to accelerate adoption of digital and mobile payments in Canada.

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.

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FinovateSpring 2018 Best of Show Winners Announced

FinovateSpring 2018 Best of Show Winners Announced
By David Penn Posted on
Categories: Alpharank, Best of Show, Conversation.one, Dynamics, Kasasa, Trusona

The votes have been counted and the winners of our FinovateSpring 2018 Best of Show awards have been named. Congratulations to the five companies whose live demonstrations of their latest technologies wowed our attending crowd in Santa Clara, California this week.

Every Best of Show competition teaches us something about the state of fintech innovation in the world today. How are fintechs helping improve the customer experience in lending? How can financial institutions get a better understanding of their customers needs and preferences? How can we make it safer to bank and shop – to say nothing of simply communicate – safely online without fear of interference (or worse) from cybercriminals?

This year’s FinovateSpring 2018 Best of Show winners were no exception to this rule. The companies highlighted by our Best of Show awards reflect impressive innovations across the broad spectrum of financial technologies.

Conversation.one for its build-once-deploy-anywhere platform for conversational applications that enables FIs to build, deploy, and enhance their Alexa Skills, Google Home Actions, Facebook Messenger bots, and chatbots in one single process, in just a few minutes. Video.

Dynamics, Inc. for its network-approved “connected” payment card with a 65k pixel display, organic recharge, and telecommunications chip to facilitate wireless data downloads and customer notifications. Video.

 

 

Kasasa for its Kasasa Loan that lets borrowers pay ahead to reduce debt and take that extra money back if they need it. Kasasa Loans feature a mobile app that allows borrowers to manage their debt and access take-backs instantly. Video.

Trusona for its Trusona Executive solution that enables frictionless #NoPasswords multi-factor identity authentication at scale, including identity-proofing, step-up authentication using a person’s government-issued ID. Video.

Alpharank for its innovative Customer Graphs that leverage FIs’ anonymous transaction card data to help them understand how products and behaviors spread through customer networks and how to leverage network effects to their advantage. Video.

We hope you have enjoyed the first two days of FinovateSpring. The conversation continues on Thursday and Friday as we launch into deeper dives into many of the themes introduced on the first two days of our spring conference.

From the power of AI and Big Data to the rise of voice technologies as the interface of the future, the second half of FinovateSpring will help provide both context and insight into how many of the most exciting technologies of our time are creating ever more engaging, personalized, and relevant experiences for consumers of financial services. To learn more about the keynotes, panel discussions, and fireside chats we will host on Thursday and Friday, be sure to check out our FinovateSpring 2018 agenda for Days Three and Four for more information.

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The five companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018

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Welcome to Day Two of FinovateSpring

Welcome to Day Two of FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

Our first day started off strong and we’re continuing that momentum here at FinovateSpring in Santa Clara.

Yesterday’s demo session gave us a look at what’s new in lending, serving the underbanked, PFM, and more. And we have even more trends in store for today. Doors open again this morning at 8:30 AM and the first demo begins at 9:30 AM. Don’t want to miss out? Come on down to the Santa Clara Convention Center– you can still get your ticket at the registration desk.

8:30 to 9:30 Registration and Continental Breakfast

9:30 to 10:30 Demos

10:30 to 11:15 Intermission, Refreshments & Networking

11:15 to 12:15 Demos

12:15 to 1:15 Lunch & Networking

1:15 to 2:20 Demos

2:20 to 3:00 Intermission, Refreshments & Networking

3:00 to 3:30

3:30 to 5:30 Best of Show Awards and Networking

That wraps up the demo portion of the show. We’ll see you tomorrow, May 10, when registration opens at 8 AM and the content begins at 9 AM.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Ayasdi, InComm, Lendio, Open Bank Project, payworks, Ripple, Token, Xero

Around the web

  • InComm launches health plan-sponsored first years wellness card to support babies’ well being.
  • Payworks introduces P2PE component services for payment providers.
  • Coinone Transfer joins Ripple’s RippleNet to enhance cross-border payments.
  • Navigant and Ayasdi collaborate to deploy machine intelligence to effectively and efficiently detect and deter financial crime.
  • INV Fintech collaborates with the Open Bank Project to offer sandbox APIs.
  • Lendio announces franchise in Broomfield, Colorado.
  • Token granted FCA authorization for open banking payment and information services.

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.

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Welcome to Day One of FinovateSpring

Welcome to Day One of FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

It’s official. FinovateSpring is here!

Come down to the Santa Clara Convention Center. Doors open at 8:30 AM and the first demo begins at 9:30 AM, so plan accordingly– you won’t want to miss any of the demos today. We’ll hear from companies with expert security solutions, innovative PFM integrations, futuristic payment ideas, and more.

Still need a ticket? We’ve got you covered.

Here is today’s lineup:

8:30 to 9:30 Registration and Continental Breakfast

9:30 to 10:30

10:30 to 11:15 Intermission, Refreshments & Networking

11:15 to 12:15

12:15 to 1:15 Lunch & Networking

1:15 to 2:15

2:15 to 3:00 Intermission, Refreshments & Networking

3:00 to 4:05

4:05 to 6:00 Reception & Networking
Best of Show winners will be announced tomorrow.

Doors open again tomorrow at 8:30 AM and the first demo session begins at 9:30 AM. We’ll see you tomorrow!

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cloud Lending Solutions, Fidor Bank, Jack Henry, Neener Analytics, NetGuardians, On Deck Capital, PaySimple, TSYS

Around the web

  • Neener Analytics completes a Proof-of-Concept with one of the largest credit card issuers in Mexico
  • NetGuardians partners with valantic to take on the German market
  • Study Loans leverages Cloud Lending Solutions for Student Lending Offering.
  • Celent recognizes Fidor for its customer experience as a pioneer in the use of open APIs in banking.
  • Jack Henry & Associates partners with Autobooks to deliver enhanced small business banking functionality.
  • OnDeck delivers 8% sequential loan growth, announces Q1 gross revenue of $90 million.
  • PaySimple announces real-time data integration with QuickBooks Online.

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.

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Serving Up FinovateSpring Tomorrow

Serving Up FinovateSpring Tomorrow
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

We’re just hours away from the kickoff of FinovateSpring in Santa Clara and we couldn’t be more excited for what’s to come over the next four days!

If you don’t have your ticket, there’s still time to register. Here are the basics you’ll need to know:

Where

We’ll be at the Santa Clara Convention Center located at 5001 Great America Pkwy, Santa Clara, CA 95054.

When

The first demo begins at 9:30 AM tomorrow but be sure to come early– registration opens at 8:30 AM and we’ll have coffee and a continental breakfast for you to enjoy before you save your seat in the auditorium. For a full look at what’s we’ve got planned, here is the agenda for the next four days.

Who

On Tuesday and Wednesday, we’ll host dozens of companies on stage as they show off a live demo of their newest product. Check out our full list of demoing companies and don’t miss our Sneak Peek series that gives you an inside look. On Thursday and Friday, you’ll listen to and interact with industry analysts and experts as they discuss the latest industry trends. For more information, take a look at our full speaker roster.

And don’t forget our audience! Here’s a look at the titles of other attendees you can expect to see at the show:

Still have questions? Feel free to reach out to our staff to get some answers. We’re looking forward to seeing you tomorrow!

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Splitit Expands Payment Options with Debit Card Installments

Splitit Expands Payment Options with Debit Card Installments
By Julie Muhn (@julieschicktanz) Posted on
Categories: SplitIt

Splitit, formerly PayItSimple, expanded its offerings this week by launching its installment payment solution for debit cards. The new functionality is available for shoppers at participating merchants in the U.S. and Europe.

The debit card payment tool enables customers to split their purchases of $400 or less into three interest-free monthly payments using their debit card. This is available alongside the company’s flagship offering, which allows customers to split the cost of an item into up to 12 interest-free payments using their credit card, without a credit check or the need to take out a line of new credit.

The New York-based company anticipates the expansion will grow consumers’ purchasing power and allow merchants to offer more payment options and increase sales revenue. Gil Don, CEO and co-founder of Splitit said, “With millions of dollars’ worth of purchases at stake, retailers must ensure a seamless, efficient and customer-centered checkout process, and Splitit is the only payment method solution that truly does this – with no applications, no interest and instant approval. We are happy to be increasing consumer purchasing power, which translates to better outcomes for customers and retailers alike.”

Founded in 2013, Splitit serves 800 merchants in 25 countries. The company launched as PayItSimple at FinovateFall 2014. In June 2016, Splitit launched a plugin in Shopify’s app store that allows merchants using Shopify to integrate Splitit into their checkout process.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Finastra, Malauzai, Risk Ident, SplitIt, Tavant, Zuma

On Finovate.com

  • Splitit expands payment options with debit card installments.

Around the web

  • Exela launches Zuma, a new invoice financing platform.
  • Tavant receives HousingWire Tech 100 Award.
  • Horicon Bank teams up with Finastra and Malauzai to launch new digital banking platform.
  • RISK IDENT wins top spot for anti-fraud transaction security at the 2018 FinTech Breakthrough Awards.

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.

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FinovateSpring Sneak Peek: Trusona

FinovateSpring Sneak Peek: Trusona
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Trusona

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Trusona, the global leader in identity authentication, ensures the True Persona behind any digital interaction. By eliminating all static credentials, authentication becomes safer and frictionless.

Features

  • #NoPasswords, #NoTokens identity-proofing
  • Omni-channel authentication solution available on web, on mobile, in the contact center, and at a kiosk
  • Anti-replay technology ensures people are who they say they are

Why it’s great
Trusona’s brings the world a safer, delightful multi-factor identity authentication experience that can be used at scale within enterprises and with customers.

Presenter

Ori Eisen, Founder and CEO
Eisen has spent the last two decades fighting cybercrime. Prior to founding Trusona, Eisen founded 41st Parameter and was the head of fraud detection at American Express and Verisign.
LinkedIn

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