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FinovateFall Sneak Peek: Bluescape

By Julie Muhn (@julieschicktanz) Posted on August 23, 2016
Categories: Bluescape, FinovateFall 2016, FinovateFall 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

Bluescape, a visual collaboration platform, enables financial UX/UI design teams to see the whole picture as they design, refine, and develop better products faster.

Features:

Cloud-native interactive workspace with an intuitive interface that encourages teams to defy conformity
Faster decision-making with real-time collaboration
Ultra-scalable, all-capturing

Why it’s great
With Bluescape, design teams can see the forest and the trees.

Nick Brown, Vice President of Products
Brown leads a team of designers to drive product strategy, user experience and product management. He brings more than 25 years of experience, including leadership positions at SAP and Oracle.
LinkedIn

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LendUp Gets a Leg Up with $47 Million

By Julie Muhn (@julieschicktanz) Posted on August 23, 2016
Categories: Funding, LendUp

Payday lender-alternative LendUp landed $47 million in series C funding this week. Y Combinator’s growth fund, Y Combinator Continuity, led the round. Google Ventures, Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle Impact, Bronze Investments, SV Angel and other angels also contributed.

The $47 million brings the company’s total funding to just over $110 million. LendUp will use the funds to build LCard, a credit card with a companion mobile app designed to help users build credit.

Founded in 2011, LendUp aims to help consumers rejected by banks find a safe alternative to payday lenders. The San Francisco-based company offers three main products:

LendUp Loans, a payday loan alternative that lets users borrow up to $250 for 30 days
LCard, a credit card made for those who have historically struggled with credit
Educational materials, free online courses to give cardholders the information they need to make decisions about their financial future

The company’s CEO Sasha Orloff told TechCrunch that the new round brings LendUp’s valuation “substantially higher than the last time.”

Cofounders CEO Sasha Orloff and CTO Jacob Rosenberg debuted the company’s API at FinovateSpring 2014. The API exposes LendUp’s core to allow partners to leverage its platform. The company won Best of Show at FinovateSpring 2013 for debuting its product that helps the underbanked build credit.

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Narrative Science Turns Images into Insights for Tableau Software

By David Penn Posted on August 23, 2016
Categories: Narrative Science

Is a picture really worth 1,000 words? Thanks to a new partnership between data-visualization solution-provider, Tableau software, and natural language generation (NLG) specialist, Narrative Science, we may soon find out.

With the new Narratives for Tableau, users of Tableau Server and Tableau Public will be able to generate natural language explanations of their data visualizations. Narratives for Tableau is available as a free Google Chrome extension, and the company says the extension is the “first step” toward a greater integration between the two technologies. “We are thrilled to be partnering with Tableau, a company that equally shares our passion of helping people understand their data and act on it immediately,” Narrative Science CEO Stuart Frankel said. He praised the idea of putting Advanced NLG technology at the front of the data-discovery process, which he said gives users “the best and easiest asset for understanding and sharing information narratives.”

Click image to see a video of Narratives for Tableau’s features.

Francois Ajenstat, chief product officer for Tableau, said that empowering customers and providing easy-to-use technology were important to his company. Narratives for Tableau, said Ajenstat, is an example of both concepts, and provides an opportunity to “further enable Tableau users to quickly understand what is most interesting and important in their data.”

Narrative Science’s work with Tableau is the latest in a series of recent collaborations. The company partnered with Vermilion Software in May, enabling asset managers to use NLG technology to create portfolio commentary. In April, Narrative Science unveiled Narratives for Power BI, a new extension developed in partnership with Microsoft that gives managers “insightful stories” from their business intelligence data. The company began the year with the launch of Narratives for Qlik, which adds NLG narratives to Flik’s visual analytics and business intelligence functionality.

Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science demonstrated its Quill Financial solution at FinovateFall 2013.

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FinovateFall Sneak Peek: Fiserv

By Julie Muhn (@julieschicktanz) Posted on August 23, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Fiserv

A look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 8 2016. Register today.

Fiserv delivers deep expertise and innovative solutions to help financial institutions move beyond traditional banking and provide consumers with a complete and seamless banking experience.

Features:

Positions financial institutions to disrupt the social lending space
Allows customers to obtain social-funded loans through trusted financial institutions
Uses biometrics to simplify verification

Why it’s great
By utilizing proven mobile banking and payments technologies from Fiserv, financial institutions can deliver a rich and compelling banking and lending experience across digital and physical channels.

Presenters

Andrew Barnett, Principal Digital Banking and Payments Consultant
Barnett is experienced in innovation development and a recognized thought leader responsible for implementing prototypes and showcasing them throughout the globe.
LinkedIn

Elizabeth Santorelly, Innovation Manager
Santorelly leads the Innovations team in developing the strategy, technology and user experience that generate value and support for financial institutions.
LinkedIn

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FinovateFall Sneak Peek: EyeVerify

By Julie Muhn (@julieschicktanz) Posted on August 23, 2016
Categories: EyeVerify, FinovateFall 2016, FinovateFall 2016 Sneak Peek

A look at the companies that will be demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

EyeVerify unlocks every opportunity with Eyeprint ID. One look logs you into banking apps and secures your mobile payments.

Features:

Fast, accurate mobile authentication for banking and payments
Scalable, software-only solution that uses existing smartphones
Uses biometric data to generate a high entropy key

Presenters

Chris Barnett, EVP Global Sales & Marketing
LinkedIn

Tinna Hung, Director of Marketing
LinkedIn

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FinovateFall Sneak Peek: nanoPay

By Julie Muhn (@julieschicktanz) Posted on August 23, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, nanoPay

A look at the companies that will be demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

nanoPay’s MintChip has been developed to offer efficient payment transactions in a variety of channels for developed and emerging markets, bringing all the benefits of cash to the digital age.

Features:

The core MintChip model is a simple, direct asset-transfer model
Payments are immediate and irrevocable, no intermediary
Cost and performance can be optimized

Why it’s great
Unlike conventional electronic payment systems, MintChip can operate in both offline and online modes, unreferenced to any trusted party. It provides a low-cost, omnichannel solution for businesses.

Presenters

Laurence Cooke, CEO and Founder
Cooke is the former COO of Bell Mobility and Bell Distribution Inc. and the former VP wireless for Shaw Communications Inc. He also held positions at Accenture, United Kingdom, focused on high tech and telcos.
LinkedIn

Simon Keogh, Chief Marketing Officer
Keogh comes to nanoPay from LoyaltyOne where he led new innovation and mobile strategy for their air miles reward program. He has 20+ years’ experience designing and developing award-winning products.
LinkedIn

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FinovateFall Sneak Peek: LendingFront

By Julie Muhn (@julieschicktanz) Posted on August 23, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, LendingFront

A look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

LendingFront is a highly sophisticated cloud-based platform for lenders that need a faster, more efficient, and automated way to lend to small businesses.

Features:

Integrates cash-flow data or any type of data into the lending process
Builds and quickly deploys custom loan products
Little or no need for heavy legacy system modifications or integrations

Why it’s great
LendingFront operationalizes the lending process into a single, highly automated platform.

Presenters

Jorge Sun, CEO
Sun is a founding team member and company director at On Deck Capital. He formerly headed up Capital One Bank’s small business risk team and has held senior leadership roles at JPMorgan Chase and American Express.
LinkedIn

Dario Vergara, CTO
Vergara is the former head of technology at On Deck Capital, and filled the same role for Bonobos.
LinkedIn

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Finovate Alumni News

By David Penn Posted on August 23, 2016
Categories: Bluescape, EyeVerify, Fiserv, Kasasa, LendingFront, LendUp, nanoPay, NCR Corporation, Slice, Temenos, TransferTo

On Finovate.com

LendUp Gets a Leg Up with $47 Million

Check out today’s FinovateFall Sneak Peeks:
- Fiserv
- EyeVerify
- nanoPay
- Bluescape
- LendingFront

Around the web

NCR launches innovation lab at its new global headquarters in Atlanta, Georgia.

London-based BACB to replace its legacy IT systems with CorporateSuite from Temenos.

TransferTo integrates paysafecard as payment option within Safemoni app.

Slice launches browser add-on to send an email when the price of an item drops.

Kasasa now has 400 community FIs using its rewards account offering.

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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Last Call for FinovateAsia 2016 Demo Applications!

By Erika Sanchez Posted on August 22, 2016
Categories: Finovate Marketing, FinovateAsia 2016

Got a new fintech innovation you’re looking to showcase? The final application deadline to demo at FinovateAsia 2016 is coming up this Friday, August 26. If you’re looking to make serious inroads in Asia and want to reach the movers and shakers, submit an application this week (see below for more details).

Finovate is the only conference focused exclusively on showcasing the best and most innovative new financial and banking technologies via seven-minute live demos. Finovate conferences consistently attract large, high-impact audiences of high-level financial and banking executives, press and industry analysts, venture capitalists, regulators, and entrepreneurs. We’ve seen dramatic growth at all our 2016 events, and we’re excited to take Finovate to Hong Kong for the first time on November 8.

For presenters, Finovate is a powerful platform to:

Drive product adoption of the latest and most cutting-edge solutions in fintech
Showcase new, high-impact technology in front of an influential audience
Generate press recognition, find customers, network with peers, raise capital, and discover partners

If this lines up well with your strategic plans, then FinovateAsia is the opportunity you’ve been waiting for!

If you are interested in applying to demo at the event, follow these steps:

Review the informational PDF for prospective presenters here: finovate.com/FinovateAsia2016DemoInfo.pdf. It contains details on the event, application process and criteria, presenter package, and pricing.
Once you’ve reviewed the PDF and are ready to move forward, submit an application by this Friday, August 26, 2016, at the following link: asia2016.finovate.com/application/.
We’ll review your application and will be in touch in mid-September.

We look forward to reading your application!

P.S. If this reminder is taking you by surprise, let us know at asia@finovate.com, and we will happily extend the deadline into next week.

FinovateAsia 2016 is sponsored by: InvestHK/startmeup.hk and more to be announced.

FinovateAsia 2016 is partners with: BankersHub, Big Data Made Simple, Celent, CoinTelegraph, CrowdFundBeat, FemTechLeaders, Finolab, Fintech Finance, Fintech News Singapore, Harrington Starr, Korea FinTech Forum, Miss FQ, SME Finance Forum, Swiss Finance + Technology Association, and Verdict Financial.

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Compass Plus Partners with Mutual Trust Bank

By Julie Muhn (@julieschicktanz) Posted on August 22, 2016
Categories: Compass Plus

Retail banking solutions provider Compass Plus has teamed up with one of the top five retail banks in Bangladesh, Mutual Trust Bank (MTB).

Under the agreement, MTB has migrated its in-house processing center to TranzWare from Compass Plus. The bank said it chose to transition to TranzWare “due to the platform’s strong local support, robust EMV capabilities and security features, flexibility, and its cost-effectiveness.”

The project began in May and has since migrated MTB’s card base of 200,000 to the platform. MTB will implement 3D Secure to achieve acquiring certification with MasterCard in the near future. MTB is the second bank to go live with TranzWare this month. On August 9, Cambodia-based Prasac launched internet and mobile banking services using the multicard-processing solution.

Founded in 1989, Compass Plus debuted TransAxis at FinovateFall 2012. The London-based company recently became one of five institutions to earn aggregator accreditation from the Faster Payments initiative in the U.K. In May, Compass Plus helped Azerbaijan-based Kapital Bank launch a new Visa Dual Card, an all-in-one debit and credit card that uses only one chip.

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Signature & Teller: Merchant Bank of Sri Lanka Chooses Fiserv

By David Penn Posted on August 22, 2016
Categories: Fiserv

Merchant Bank of Sri Lanka’s next core-account-processing platform and front-end teller system will come from Fiserv.

The bank, the product of a merger between subsidiaries MBSL Savings Bank and MCSL Financial Services, said its selection of Fiserv’s Signature core-accounting processing and Teller front-end teller systems was based on its need for “stability, flexibility, and scalability,” according to Merchant Bank of Sri Lanka CEO T. Mutugala. He said that the growth of the bank’s network and customer base meant seeking solutions that would also make it more affordable to run multiple systems, and added that Fiserv’s technology had already been “proven locally in Sri Lanka” as well as around the world.

Live in more than 40 countries, Signature helps mid-tier and larger banks serve enterprise clients as a multilingual, multicurrency core-accounting processing platform. Teller is a full-featured, branch-tellering and transaction-processing solution that provides tools to automate daily operations and give management the visibility and controls necessary to remain compliant and operate safely within a global context.

Fiserv has made a major impact in the Asia Pacific region, with clients in 13 countries within an area including Australia, Thailand, and Indonesia. Nevertheless, the news from Merchant Bank of Sri Lanka arrived as Fiserv also announced two new credit-union clients back in the United States. Badlands FCU ($27 million in assets) in Glendive, Montana, and Danville City Employees FCU ($25 million in assets) both have elected to deploy Fiserv’s integrated OnCU core-account-processing solutions suite.

Founded in 1984 and headquartered in Brookfield, Wisconsin, Fiserv demonstrated its Mobiliti Enterprise solution at FinovateSpring 2016. With more than 13,000 customers and 21,000 associates around the world, Fiserv was named a Fortune magazine World’s Most Admired Company for the third year in a row in 2015, the same year the company was recognized by Forbes as one of America’s Best Employers.

Interested in fintech in Asia? Join us as Finovate returns to the APAC for FinovateAsia 2016 on 8 November 2016. Whether you have new fintech innovations to show or are looking for the key technology to take your solution to the next level, FinovateAsia is a great way to make your splash in the Asian fintech scene.

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Finovate Alumni News

By David Penn Posted on August 22, 2016
Categories: ACI Worldwide, CR2, Fiserv, Guardian Analytics, Kontomatik, Misys, Q2, Q2ebanking, RAGE, ThetaRay

On Finovate.com

Signature & Teller: Merchant Bank of Sri Lanka Chooses Fiserv

Compass Plus Partners with Mutual Trust Bank

Around the web

Botswana Savings bank (BSB) deploys BankWorld ATM from CR2, launches Smooth Visa Debit Card.

Misys prepares for £5.5 billion IPO.

DataInformed column on operational analytics highlights RAGE Frameworks.

Guardian Analytics launches real-time ACH solution to protect against fraud risk created by same-day ACH.

Bob Michaud joins Q2 as chief security officer.

CIO Review profiles ThetaRay and its CEO, Mark Gazit.

CSI teams up with ACI Worldwide to power its card-fraud-protection technology.

Kontomatik announces expansion to Portugal, the ninth country where its API is available.

FusionBanking Essence from Misys goes live with Myanmar’s Yoma Bank.

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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