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FinovateSpring Sneak Peek: Comarch

By David Penn Posted on April 12, 2016
Categories: Comarch, FinovateSpring 2016, FinovateSpring 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Comarch is a leading software house in Europe. Comarch Wealth Management is, in turn, a solution allowing banks to devise investment strategies fully aligned with their clients’ needs and objectives.

Features:

Consolidation of key data on all assets belonging to affluent individuals or families
Personalized financial planning and investment advisory in one powerful app
A whole new customer experience

Why it’s great
It significantly assists financial institutions in letting clients stay in control of their assets (and never lose sleep over losing them out of sight).

Presenters

Jerry Filipiak, CEO and Chairman of the Board
CEO of Comarch Inc. and founder of SoInteractive, Filipiak has studied at Virgina Tech and Cornell University. His passion lies in theoretical computer science.
LinkedIn

Diana Chin, Human Resources and Operations, New York City
Chin served in telecommunications before joining Comarch Inc. and becoming an integral part of their New York operational team.
LinkedIn

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FinovateSpring Sneak Peek: SWITCH

By David Penn Posted on April 12, 2016
Categories: FinovateSpring 2016, FinovateSpring 2016 Sneak Peek, SWITCH

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

SWITCH is a Seattle-based fintech company developing the first automated payment card and online account updater to help consumers update their cards and payment methods wherever they shop online.

Features:

Users can update their credit cards where they shop online.
Card issuers can get their cards into circulation faster.
Merchants can ensure the card they have on file stays current.

Why it’s great
SWITCH’s innovative technology for card updating and visibility utilizes patent-pending machine-learning technology to benefit card issuers, merchants, and consumers alike.

Presenter: CEO Chris Hopen, founder
Now on his third startup, Hopen combines deep experience in networking and security technologies along with a savvy business sense to developing solutions for the fintech market.
LinkedIn

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FinovateSpring Sneak Peek: Moven

By David Penn Posted on April 12, 2016
Categories: FinovateSpring 2016, FinovateSpring 2016 Sneak Peek, Moven

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Brett King, CEO of Moven, and Rizwan Khalfan, chief digital officer of TD Bank, will demo the TD MySpend app for the first time at FinovateSpring.

Features:

Moven and TD Bank will demo MySpend, a complete integration of the Moven platform within TD Bank’s mobile ecosystem.

Presenters: Brett King, CEO and founder, Moven; Rizwan Khalfan, chief digital officer, TD Bank

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Finovate Alumni News

By David Penn Posted on April 12, 2016
Categories: Alkami Technology, BehavioSec, Comarch, Envestnet, FinovateSpring 2016, FinovateSpring 2016 Sneak Peek, Fiserv, Geezeo, Malauzai, Moven, Streamdata.io, SWITCH, ThreatMetrix, Top Image Systems

On Finovate.com

“Malauzai to Offer Geezeo-Powered PFM Tools”

Check out our latest FinovateSpring Sneak Peeks featuring:
- Comarch
- Moven
- SWITCH

On FinDEVr.com

“FinDEVr New York Presentation Videos Live on FinDEVr.com”

Around the web

Top Image Systems appoints Kristian Niklasson as its new chief services officer.

Alkami Technology teams up with Easy Solutions to add anti-fraud technology to its digital banking platform.

Irish Tech News interviews Moven CEO Brett King. See Moven at FinovateSpring next month in San Jose.

Fiserv Investment Services President Cheryl Nash named executive leader for Envestnet Institute On Campus’ “Women in Wealth Management” program.

API report covers Streamdata.io.

ThreatMetrix launches new release with deeper decision analytics, enhanced mobile offering, and stronger authentication capabilities.

BehavioSec, Nationwide, Unisys Team Up on Biometrics.

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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Aire Receives Funding from Accion Venture Lab

By Julie Muhn (@julieschicktanz) Posted on April 11, 2016
Categories: Aire, Funding

Aire, a startup that democratizes access to credit, received funding from Accion Venture Lab, a $10 million nonprofit initiative dedicated to building a financially inclusive world. The amount of the investment was undisclosed; the company stated it prefers to focus on the strategic partnership with Accion.

Aire boasts previous funding from Barclay’s Accelerator, Techstars, and SparkLabs Global Ventures. The London-based company gathers meaningful data about potentially credit-worthy clients via an online interview and other reliable sources. It uses artificial intelligence to process the data and qualify users for credit. The company also helps lenders by expanding the pool of qualified applicants.

Co-founder and CEO Aneesh Varma, who we interviewed earlier this year, launched the company in 2014 after he personally experienced the difficulty of accessing credit, despite being a credit-worthy individual. In a press release, Varma commented on the funding:

Accion Venture Lab has been very supportive of our research and product since our early years. I am really glad to have them come onboard now as we start our international expansion.

Aire, which launched its API at FinovateEurope 2014 in London, plans to use the funding to fuel international expansion.

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Refund.me Brings its Air Travel Compensation Service to Businesses

By David Penn Posted on April 11, 2016
Categories: Refund.me Group

With Business Solutions, refund.me is extending its air travel compensation service to the enterprise.

New European Union laws mandate compensation for air passengers who experience flight cancellations, delays, and overbookings. Refund.me automatically analyzes and processes flight compensation claims which, for businesses that have employees traveling in Europe, helps companies both save money as well as recoup costs.

“By outsourcing the claims process to refund.me, companies avoid the costs of internal legal and administrative teams necessary to analyze and process complex flight data and compensation claims,” explained Eve Büchner, refund.me’s CEO and founder.

Read more about refund.me in our recent profile of the Palo Alto, California-based company.

refund.me Business Solutions is a new, B2B, web portal that exists next to the company’s consumer flight compensation website. Business Solutions is geared toward travel management companies, corporate travel managers, and consolidators, and can be customized to match specific corporate travel policies and practices. Refund.me estimates that 11 million air passengers a year are eligible for more than 5 billion euros in compensation for flight cancellations and other disruptions.

Founded in 2012 and headquartered in Palo Alto, California, refund.me can be seen demonstrating its Flight Compensation service at FinovateEurope 2016. It acquired Travel Notes earlier this month for an undisclosed sum. Refund.me serves air travelers in 145 countries filing claims against more than 350 airlines, and claims a success rate of 98% in securing compensation.

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Credit Sesame Launches SnapLoan, The Amazon One-Click for Consumer Loans

By Julie Muhn (@julieschicktanz) Posted on April 11, 2016
Categories: Credit Sesame

Credit and loan management tool site Credit Sesame has introduced SnapLoan, a platform that helps qualified consumers quickly obtain a loan. The California-based company is comparing the new offering to Amazon’s One-Click purchase option.

SnapLoan ties into qualified users’ credit and financial profiles in real time to streamline the loan application process for potential borrowers. Founder and CEO Adrian Nazari says, “We are making it easy for our users to get the most relevant and accurate loan offers and approvals from marketplace lenders in a snap, with the click of a few buttons.”

Credit Sesame is piloting SnapLoan via a partnership with BorrowersFirst, an online lender powered by Cross River Bank that offers personal loans ranging from $2,500 to $35,000. The product launches in beta today, and there is no word yet when it will be available to Credit Sesame’s 8 million users.

Founded in 2010, Credit Sesame debuted its newest PFM features at FinovateSpring 2015.

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Finovate Alumni News

By David Penn Posted on April 11, 2016
Categories: Aire, Cachet Financial Solutions, Cloud Lending, Credit Sesame, Envestnet, Global Debt Registry, LendKey, P2BInvestor, Refund.me Group, Ripple, Stratumn, StreetShares, Yodlee

On Finovate.com

“Aire Receives Funding from Accion Venture Lab”

“Refund.me Brings its Air Travel Compensation Service to Business”

“Credit Sesame Launches SnapLoan, The Amazon One-Click for Consumer Loans”

On FinDEVr.com

“Envestnet | Yodlee Unveils its Risk Insight API”

Around the web

Global Debt Registry announces plans to bring loan-validation technology to marketplace lending industry.

CryptoCoinNews takes a look at recent funding for Stratumn, a blockchain development platform.

P2Binvestor teams up with independent adviser, MW Eaglewood Americas.

Locavesting profiles StreetShares, which in mid-May will begin lending to small businesses.

Crowdfund Insider interviews Cloud Lending CEO Snehal Fulzele.

Cachet Financial and Ingo Money renew partnership.

Ripple adds former HSBC payments executive and SWIFT board member, Marcus Treacher, as its new global head of strategic accounts.

LendKey announces it has underwritten, originated, and deployed more than $1 billion in capital to borrowers.

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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Friday Fun: Bank of America’s New Llama Videos #LLOVEYOURAPP

By Jim Bruene Posted on April 8, 2016
Categories: Advertising & Promotion, Bank of America, Uncategorized, YouTube

Bank of America on Wednesday dropped a set of 12 clever video segments called #LLOVEYOURAPP. You can see them all on the BofA YouTube channel. Most have 100 to 200 views, so they are virtually unknown so far. I’m guessing that is about to change as they are pretty clever. For one, a cud-chewing llama is demoing features of the BofA mobile app; for two, they remind me a bit of E*Trade’s baby series that for many years ran in the Super Bowl and elsewhere.

I don’t know what the plan is for them, whether they are to remain a social media play or will eventually run on TV (each one is either 15 or 30 seconds, so made for TV). I first spied them this afternoon via a Google+ promo next to a BofA email newsletter I received yesterday (see screenshot below). And the bank tweeted it once today and replied to a few more with the #LLOVEYOURAPP hashtag.

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Straight Outta Beta: Flex Credit from BlueVine Now Available for SMEs

By David Penn Posted on April 8, 2016
Categories: BlueVine

BlueVine’s latest offering, Flex Credit, is fresh out of beta and ready for small businesses looking for a line of credit between $5,000 and $30,000. The new product adds a new financing option to BlueVine’s cloud-based financing platform, helping the company expand beyond its base business of invoice factoring.

“Since pioneering online invoice factoring, we’ve gained remarkable traction and are currently on track to fund more than $200 million in working capital in 2016,” said Eyal Lifshitz, CEO and founder of BlueVine. “This platform expansion will continue to fuel that growth by allowing us to serve both B2B and B2C businesses.”

Pictured (left to right): BlueVine’s Edward Castaño, VP operations, and CEO Eyal Lifshitz demonstrated the BlueVine platform at FinovateFall 2014.

Flex Credit allows businesses to borrow funds as needed and to have available credit restored as the borrowed amounts are paid back. Businesses can be approved for Flex Credit in 24 hours, and funds come with no maintenance fees and no penalties for unused credit or prepayment. Interest rates start as low as 6.9%, and repayments are made in fixed weekly installments over a six-month period.

In addition to the launch of Flex Credit, BlueVine announced that Ana Sirbu will join the company as its new vice president of finance and strategy. Sirbu, a former Google Capital manager, will leverage her experience at Google to oversee BlueVine’s financial management and growth strategy. “BlueVine has brought an intuitive technology platform, accessibility, and transparency to an underserved small business market,” Sirbu said. “I am excited to work with the team to bring our products to many more customers and contribute to BlueVine’s next stage of growth.”

Founded in 2013 and headquartered in Palo Alto, California, BlueVine demonstrated its platform at FinovateFall 2014. The company raised $40 million in a Series C led by Menlo Ventures back in January, taking its total capital to more than $64 million.

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LendingRobot’s Mobile App is “Mint” for P2P Lending Accounts

By Julie Muhn (@julieschicktanz) Posted on April 8, 2016
Categories: LendingRobot

It’s surprising that neither Lending Club nor Prosper have their own official apps* for tracking portfolios. But it’s even more mind-boggling that a third-party hasn’t seized the opportunity to aggregate P2P lending accounts, similar to what Mint did 10 years ago for bank accounts.

LendingRobot, a platform that uses an algorithm to optimize P2P lending investments in Lending Club, Prosper, and Funding Circle, has launched a mobile app to fill the need for the $6.6 billion industry. The free app is available on iOS and Android and while it does not require users to open a LendingRobot account, it does require registration.

Lending Robot’s app will:

Track portfolio health across three platforms

Monitor loan repayments

Compare loans across platforms

Track overall performance

Emmanuel Marot, founder and CEO of the Seattle-based company, explains the move:

The fact that more than 20% of LendingRobot’s traffic is via mobile is, in itself, a great reason to have a mobile app. But the fact that not a single one of the major peer-lending platforms offers a mobile app leaves a lot of room for LendingRobot not only to meet the needs of our customers, but also become a daily part of any investors’ monitoring of their own investments.

LendingRobot debuted its platform, described as a “robo-adviser for P2P lending,” at FinovateSpring 2014. Its algorithm invests clients’s money across different loans, constantly adjusts the portfolio based on loans available, and automatically reinvests dividends. The company will manage up to $5,000 for free and any amount beyond that for 0.45% per year.

Founded in 2012, LendingRobot has 7 employees. It has raised $3 million from Runa Capital and angel investors.

LendingRobot is one of 71 companies to debut their newest technology on stage at FinovateSpring on May 10 & 11. Pick up your ticket to save your seat.

*Both Lending Club and Prosper have mobile-optimized sites, so mobile-account management isn’t completely overlooked. Also, Prosper launched its official mobile app in March, but it is a re-brand of the recently acquired BillGuard app and does not track P2P investment performance.

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Finovate Alumni News

By David Penn Posted on April 8, 2016
Categories: Betterment, BlueVine, CAN Capital, CardFlight, Financial Guard, FutureAdvisor, Lending Club, LendingRobot, Misys, Prosper, Wealthfront

On Finovate.com

“LendingRobot’s Mobile App is “Mint” for P2P Lending Accounts“

“Straight Outta Beta: Flex Credit from BlueVine Now Available for SMEs

Around the web

CAN Capital reaches $6 billion milestone in working capital provided to small businesses.

Bloomberg Quick Take features FutureAdvisor, Wealthfront, Betterment, and Financial Guard in a look at robo-advisers.

Misys adds Mourad Ayachi and Bob Kubala to its investment management division.

“CardFlight Releases New Data Showing Trends on EMV Chip Card Usage in the United States”

The NYT ranks top fintech companies, including multiple Finovate & FinDEVr alums.

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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