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FinovateFall Sneak Peek: Swych

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Swych

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

Swych’s patent-pending mobile gifting platform enables users to send “Swychable” gifts from their mobile device or social chat bot that can be instantly redeemed for electronic gift cards.

Features:

Integrated gifting chat bots
Easily buy, send, manage, and exchange gift cards from your mobile device
Conversational commerce platform with easy-t0-implement APIs

Why it’s great
The innovative Swych mobile gifting digital platform elegantly modernizes, digitizes, and simplifies gifting on the mobile device and within a user’s social networks.

Presenters

Deepak Jain, CEO, Co-founder
Jain is a strategic leader with over a decade of experience launching and transforming early-stage startups. He specializes in bringing innovative technologies to market and holds more than 55 patents.
LinkedIn

Robert Sabella, CRO, Co-founder
Sabella is a serial entrepreneur, investor, inventor, and author. He has started and invested in many companies and invented a few patents-pending products along the way.
LinkedIn

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FinovateFall Sneak Peek: Aspire Financial Technologies

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: Aspire, FinovateFall 2016, FinovateFall 2016 Sneak Peek

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

Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. Aspire will demo the Aspire Gateway platform.

Features:

Networking tools for better access to market participants
Data management and analytics tools to provide standardized data reviews
Integrated loan processing, reporting and analytics tools

Why it’s great
Aspire Gateway breaks down the barriers separating alternative lending originators and investors, enabling better communication, enhanced visibility, and reduced reporting latency between participants.

Presenters

David Fry, Co-founder and CEO
Fry is a former head of global markets for DB Canada with more than 20 years of experience in credit and fixed income in senior leadership roles with large global banks and HFs in London, NY, and Toronto.
LinkedIn

Mark Lecker, Co-founder and COO
Lecker has more than 25 years in the ABL industry in a variety of IT, finance, and operations roles. His experience includes senior management roles at AT&T Capital, Associates Fleet Services, and GE Capital.
LinkedIn

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FinovateFall Sneak Peek: Sindeo

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Sindeo

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

Sindeo’s self-driven rate quote and prequalification tool provides consumers with a quick, straightforward and streamlined start to the home financing process.

In less than 10 minutes, consumers can:
- check rates across Sindeo’s network of lenders and loan programs
- get free credit scores
- generate a prequalification letter

Why it’s great
Sindeo offers a better mortgage experience by providing access to an extensive mortgage marketplace and a streamlined digital loan experience.

Presenters

Ori Zohar, Co-founder
With a background in entrepreneurship and marketing, Zohar joined forces with co-founder Nick Stamos to create Sindeo, a consumer-friendly alternative to home financing.
LinkedIn

Aimeelene Gaspar, Vice President of Product Management
An experienced leader in FinTech product development, Gaspar is involved with every aspect of the Sindeo product life cycle, from concept to design to launch.
LinkedIn

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FinovateFall Sneak Peek: ProActive

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, ProActive FinTech

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

ProActive’s patented budgeting technology requires a user to choose a category before the purchase. Users benefit from the control of a cash-like experience, digitally.

Features:

Creates the safest account on the planet with no risk of fraud
Empowers real change in spending behavior
Highest user engagement in the industry

Why it’s great
Online budgeting software has failed to influence real change in users’ spending behavior. ProActive is the first to offer a behavior-first budgeting/banking platform.

Presenters

Ryan Clark, Founder and CEO
Clark has 10 years as a personal finance advisor and has ranked in the top 10% of advisors nationwide. After authoring his own book, he remained frustrated with failing budgeting systems.
LinkedIn

Ross Jardine, Adviser and Investor
Jardine is “America’s Money Mentor” and cofounder of INVESTools acquired by TD Ameritrade. He is a world speaker, has created programs for Nightingale-Connant, Success Magazine, and is the author of four personal finance books.
LinkedIn

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FinovateFall Sneak Peek: CRMNEXT

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: CRMNEXT, FinovateFall 2016, FinovateFall 2016 Sneak Peek

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

CRMNEXT is the only true omnichannel customer-engagement platform redefining the role of CRM as the transformation, automation, and innovation platform for financial services.

Features:

Delivers seamless omnichannel financial services customer-engagement
Powerfully automates and orchestrates customer interactions
Grows NPS, referrals, and conversions for every product and channel

Why it’s great
Half a billion customers and half a million bankers have proven what CRM should do NEXT: Make every customer interaction more efficient and create more opportunities for customer engagement and success.

Presenters

Joe Salesky, CEO
A Finovate pioneer, Salesky was formerly the founder and CEO of ClairMail, the breakthrough platform for mobile banking and payments. He has led serial visionary successes in software and financial services for 30 years.
LinkedIn

Ed Ponte, VP Sales Consulting
Ponte has 20+ years of experience directly supporting the sales efforts of consumer-oriented digital channels solutions, security, and infrastructure products in the financial services market.
LinkedIn

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FinovateFall Sneak Peek: Kore

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Kore

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

Kore serves business leaders in some of the world’s largest enterprises to help bring customer service to life through its bots platform and, most recently, its out-of-the-box Banking Bot Solution.

Features:

Turn insights into right-fit, right-time offers for cross-sale
24/7 ‘virtual assistants’ answer and triage requests for lower service costs
Legacy systems and workflows elevated for greater ROI

Why it’s great
Bots engage with your customers and use the information to update systems, perform tasks, trigger complex workflows across internal systems and staff, and provide results for ongoing improvement.

Presenters

Amit Aghara, Global Head of Solution Management
LinkedIn

David Schreffler, Executive Vice President of Sales
LinkedIn

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FinovateFall Sneak Peek: Xentral Station

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Xentral Station

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

Xentral Station offers trade financing for big and small vendors receiving cash in 24 hours.

Features:

Plug-and-play cloud solution for banks and vendors for cash in 24 hours
Independent global transaction platform
Integrated with any supply chain, accounting and bank application

Why it’s great
Making partners rich without doing anything.

Presenters

Vilayat William, Strategic Alliance Partner
William is a serial entrepreneur and is building his third cloud-company with global partners.
LinkedIn

Emily Reijnierse, Community Strategist
Reijnierse writes, “I don’t believe one can be the best in everything. Believe in a connected world where clients could select and combine the best business software of various providers.”
LinkedIn

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FinovateFall Sneak Peek: Strands

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Strands

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

Strands is the fintech partner for banks, leveraging 10+ years of expertise in big data and machine learning. The company will be presenting Strands BFM, a comprehensive white-label solution designed for SME Banking.

Features:

Smarter business decision-making based on contextual and personalized insights
Real-time access to all financial accounts powered by Strands Meta-Aggregation engine
Flexibility for all SMEs

Why it’s great
SMEs get a simple, intuitive and stunning data visualization of their finances for an unparalleled user experience. Banks get a smart, white-label tool to empower their most lucrative segment.

Presenters

Cesar Richardson, VP Sales, Strands Americas
Richardson has 15+ years of experience identifying business opportunities, building companies and generating revenue growth in investment banking (Bloomberg LP), online travel, and educational tech companies.
LinkedIn

Sharif Penniman, Director of Sales, North America
With a background in enterprise mobile development and strategy, and having lived abroad in Europe 15 years, Penniman has a passion for everything mobile, specifically for financial institutions.
LinkedIn

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Backbase Partners with Entersekt to Deliver Authentication Technology

By Julie Muhn (@julieschicktanz) Posted on August 30, 2016
Categories: Backbase, Entersekt

Digital banking company Backbase and mobile security solutions provider Entersekt have today teamed up in an effort to deliver a frictionless customer experience with cutting-edge authentication technology.

Through the partnership, Backbase will offer Entersekt’s payment-authentication solutions in the Backbase Open Banking Marketplace. This enables Backbase clients to select an authentication solution that works with their Backbase-powered offering. In a press release, the companies note that the integration has already proven successful, and works with multiple implementations, including Swisscard in Switzerland.

Entersekt’s SVP of Partners and Alliances Dewald Nolte said, “With this partnership, we believe we can help banks fast-track their future by enabling digital services that would be considered too risky or unfeasible using a channel other than the branch.”

Backbase CEO and co-founder Jouk Pleiter said that partnerships such as these help Backbase “speed up innovation and deliver to [its] customers the best that’s available in the fast-moving fintech field.” The Amsterdam-based company has been offering digital banking solutions since it was founded in 2003. Backbase last presented at FinovateEurope 2016 where it showed off the wealth management edition of its digital banking platform. The company will debut its newest offering next week at FinovateFall 2016 in New York. Tickets are still available; register soon to secure your spot.

Entersekt, a FinDEVr alum, was founded in 2008. The company’s CTO Christiaan Brand gave a presentation titled Securing Mobile Applications Through Transport Layer Diversity at FinDEVr Silicon Valley 2014. Earlier this year in June, the company partnered with Finovate alum CREALOGIX to secure the company’s online and mobile offerings. Tickets for the upcoming FinDEVr Silicon Valley conference are now available. Check out the agenda and the recently revealed list of presenters.

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Behalf Raises $27 Million

By David Penn Posted on August 30, 2016
Categories: Behalf, Funding, Fundings

In a round led by new investor Viola Growth, small business financing innovator Behalf has raised $27 million in Series C funding. The investment will support the company’s increased investment in business development as well as further innovation in its purchase-financing platform.

Calling small businesses the “unsung heroes of the U.S. economy,” Behalf CEO and co-founder Benjy Feinberg pointed to his company’s platform as a solution to help them get the necessary financing to grow. “Behalf has a simple solution, driven by data and technology, that allows us to provide well-priced and flexible credit tools to help SMBs and their suppliers grow profitably,” he said. Also participating in the round were previous investors Sequoia Capital, Spark Capital, MissionOG, and Vintage. The Series C takes Behalf’s total capital to $156 million.

CEO Benjy Feinberg presented Behalf’s Vendor Platform at FinovateFall 2014.

Behalf pays vendors directly on their small client’s behalf—hence, the name. This approach, which relies on Behalf’s proprietary credit scoring technology, helps bring short-term purchase financing to small businesses faster and more efficiently: Small businesses can buy up to $50,000 in inventory on the Behalf platform, with terms ranging from $10 to $30 for every $1,000 per month borrowed.

Founded in 2011 and headquartered in New York City, Behalf demonstrated its Vendor Platform at FinovateFall 2014. The company has doubled revenues every six months since inception, and recently added Jorgen Bocklage as CFO. Bocklage founded 118 118 Money and is a former VP of finance at Dashlane, a fellow Finovate alum.

Harel Beit-On, Viola Growth founder and general partner who will be joining the Behalf board of directors, praised the company’s team and its growth, saying the company had targeted a “fast growing market” that was “valued by analysts in the trillions, that is underserved by banks.” Behalf says over the next twelve months it will be adding talent in a variety of roles ranging from marketing to engineering.

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Finovate Alumni News

By David Penn Posted on August 30, 2016
Categories: Aspire, Backbase, Behalf, CRMNEXT, Entersekt, EyeVerify, Fiserv, inSpirAVE, Jack Henry, Kabbage, Kore, mBank, Meniga, ProActive FinTech, Sindeo, Strands, Swych, TransferWise, wipro, Xentral Station

On Finovate.com

Behalf Raises $27 Million in New Funding

Backbase Partners with Entersekt to Deliver Authentication Technology

Check out this week’s FinovateFall Sneak Peeks:
- Strands
- Xentral Station
- Kore
- CRMNEXT
- ProActive
- Sindeo
- Aspire
- Swych

EyeVerify Teams Up with BioConnect to Boost Payment Security.

Around the web

PittsburghPost-Gazette feature on local fintech incubator SteelBridge Laboratories quotes Om Kundu, CEO of InSpirAVE. See InSpirAVE at FinovateFall in New York next week.

Massachusetts-based Randolph Savings Bank re-ups with Fiserv for front- and back-office technology.

Wipro announces partnership with Stibo Systems to offer Master Data Management (MDM) solutions.

PYMNTS.com looks at TransferWise and its growing independence from bank partners.

IT Business on how Kabbage knows if it can lend you $100,000 in just seven minutes.

Jack Henry & Associates Awarded by Aite Group for Core Processing.

mBank discusses recent Meniga upgrade.

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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Coinbase Offers Mobile Card Payment Option to European Bitcoin Buyers

By David Penn Posted on August 29, 2016
Categories: Coinbase

European customers of Coinbase have been able to buy bitcoin and ethereum using debit and credit cards for a little over a year. Now, they can do it on mobile, too.

Strong numbers from the U.S. seem to support the move. Announcing the new functionality on the its blog, Coinbase noted that 40% of its credit and debit card purchases of digital currencies in the U.S. are coming from mobile devices. “Our mission at Coinbase is to create an open financial system for the world,” the post read, “and enabling easy access to digital currencies like bitcoin and ether in as many countries as possible gets us one step closer to that goal.”

Indeed. Coinbase last month added Australia, Canada, and Singapore to the list of countries where Coinbase customers can use payment cards to buy digital currencies. The company added support for ethereum earlier this year, and enabled PayPal and credit cards for bitcoin sales and purchases, respectively, in June. Coinbase launched the U.S. beta of its instant bitcoin purchase via debit card in March and expanded the service to all U.S. customers later in the spring.

Coinbase’s free mobile wallet works for both Android and iOS (in addition to online). Customers can create a digital wallet, connect a bank account, debit, or credit card, and then begin buying both bitcoin and ether on the Coinbase exchange.

Founded in 2012 and headquartered in San Francisco, California, Coinbase demonstrated its Instant Exchange technology at FinovateSpring 2014. The company has raised more than $117 million in funding, including a strategic investment of $10.5 million from Bank of Tokyo Mitsubishi UFJ in July. Coinbase has exchanged more than $4 billion in digital currency and served more than four million customers in 33 countries.

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