FinovateFall Sneak Peek: InSpirAVE

By David Penn Posted on
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, inSpirAVE

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

InSpirAVE's platform inspires you to multiply savings and fulfill big purchase goals for life's special moments. By harnessing support of friends/family and retailers/banks together, InSpirAVE help you go farther.

Features:

One-on-one pre-purchase recommendations via trusted advisers to thoughtfully buy Personalized financial plan to multiply savings Monitor progress and doorstep-delivery of purchase via P2P and merchant payment

Why it's great
No goal is out of reach if you set your mind to it. InSpirAVE's internet-of-savings platform empowers you with the "financial intelligence" to multiply your savings and sustainably achieve those goals.

Presenters

Om Kundu, Founder, Chairman, CEO
Kundu is a champion of customers, growth and social impact to #SaveForWhatMatters. He has held key in-house roles and has served as a trusted adviser to leading retail and financial institutions responsible for P&Ls with…

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SelfScore Raises $7 Million to Bring Credit to International Students

By David Penn Posted on
Categories: Funding, Fundings, SelfScore

Palo Alto-based SelfScore has raised $7.1 million in additional Series A funding. The round, led by Pelion Venture Partners and including existing investors, Accel Partners and Aspect Ventures, brings the data-analytics startup's total capital to more than $15 million.

"Some of the most successful companies in this country were started and are run by international students," SelfScore CEO and co-founder Kalpesh Kapadia said. "Our goal is to use this new round of funding to further educate current and future international students about why they should care about credit, and empower them to build it." In addition to education, SelfScore plans to use the capital to expand its credit card portfolio and speed up new product development. As part of the investment, Blake Modersitzki, managing partner at Pelion, will join SelfScore's board of directors.

SelfScore CEO and co-founder Kalpesh Kapadia demonstrated his technology at FinovateFall 2014.

SelfScore has leveraged its expertise…

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FinovateFall Sneak Peek: Liferay

By David Penn Posted on
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, Liferay

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

Liferay Digital Experience Platform (DXP) helps you create, manage, and deliver unique banking experiences consistently across every touchpoint by aggregating customer data from disparate systems.

Features:

Deliver unique, personalized customer experiences in context Gain a comprehensive, single view of the customer Lay the foundation for ongoing digital transformation

Why it's great
Liferay DXP enables a deeper customer relationship from the beginning through a better understanding of what your customer wants.

Presenters

Henry Nakamura, Sr. Customer Experience Manager
Nakamura puts customers' needs first in building Liferay's CX Department. He does it all, from journey mapping and engagement plans, to building a reference program.
LinkedIn

 

Keval Mehta, Account Manager
Mehta has worked on technical pre-sales and has a deep technical understanding of the product. He currently helps customers create solutions using Liferay.
LinkedIn

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Slice Launches Smart Shopping Assistant Extension for Chrome

By David Penn Posted on
Categories: Slice

You've got a PFM app to help you manage your finances and a robo-adviser to help you with your investments. So why not let technology help you save money when it comes to shopping?

Online shopping solution provider Slice debuted its Slice Watch Chrome Extension this week. The new smart-shopping assistant allows users to track the prices of products as they browse online, alerting them that a given website supports Slice Watch. Shoppers click on the teal-colored Slice Watch button to get a pop-up that allows them to add the item to their watch list. If the price of the item drops, the shopper gets an e-mail notification. Slice Watch is currently supported by retailers such as Amazon, Macy's, Anthropologie, Target, and Nordstrom, among others.

"Right in time for this year's Labor Day sale season," wrote Julia Handel at the Slice blog, "meet your smart shopping assistant that'll save you time, money, and your sanity."

Slice…

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Finovate Alumni News

By David Penn Posted on
Categories: Agreement Express, CBW Bank, Entersekt, Experian, FF, FutureAdvisor, inSpirAVE, Kabbage, Liferay, Lighter Capital, SelfScore, Slice, Temenos, Xero

On Finovate.com

Slice Launches Smart Shopping Assistant Extension for Chrome SelfScore Raises $7 Million to Bring Credit to International Students Check out our latest round of FinovateFall Sneak Peeks featuring: Liferay FF Experian Fraud & Identity Solutions InSpirAVE Agreement Express

Around the web

Temenos to provide core banking solutions for international microfinance specialist, Microcred. US Bank Wealth Management to launch automated investing courtesy of new partnership with FutureAdvisor. Entersekt brings its Transakt technology to the Middle East in collaboration with IST Networks. Fortune follows CBW Bank's journey. Lighter Capital launches $25 million AppExchange Fund for Salesforce partners building AppExchange apps. Crowdfund Insider interviews Rob Frohwein, Kabbage CEO and co-founder. Xero named most-loved accounting software for second year in a row.

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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How it Works: Real Estate Crowdfunding at Patch of Land

By Jim Bruene Posted on
Categories: Investing, Mortgage, Refi & Home Equity, Patch of Land

While everyone else was playing Pokemon Go last month, I was doing something more appropriate for someone my age, crowdfunding a house flip in La Jolla. Amazingly, I was able to view the property and public records (Google Streetview, Bing, Zillow, Redfin, Trulia); check out the construction-cost estimates; review the revised floor plan; and check out the actual appraisal for the as-built value against four comps in detail, all from the comfort of my home.

Ever since a brief stint in the early 1990s at a mortgage bank, I've known there was great demand, and tidy profits, in financing major home rehabs. I never thought I'd have the guts to flip a house myself, and I still don't, but I can do the next best thing: loan money to real estate rehabbers through crowdfunding sites such as Realty Mogul, Patch of Land, RealtyShares and the like.

For my first try, I…

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Nous Launches New Trading App TIQL for a Safer Way to Trade

By Julie Muhn (@julieschicktanz) Posted on
Categories: Nous.net

Nous Global Markets continued in its mission to make financial markets globally accessible with today's launch of TIQL (pronounced tickle), a consumer-friendly way to trade.

Nous is touting its new app as the "safest way to trade." Some of TIQL's distinguishing features include:

$5 minimum to open an account $0.01 minimum investment per trade Free downside protection makes it impossible to lose more than was invested Receive returns of up to 20x

TIQL launched in beta in April of this year, and has since received an OGRA license to operate by the Isle of Man Gambling Supervision Commission. The app's early users from "many countries around the world" have invested $280,000 on the platform. The London-based company plans to raise funding to expand the already-growing platform, which is available on PC, iOS, and Android devices.

At FinovateEurope 2014, the company debuted its flagship product, SparkProfit. The free-to-play, virtual trading game now has 400,000 users…

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr APIntelligence, InComm, Kontomatik, PayPal, Temenos, Xero

Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October in Santa Clara. Early bird tickets expire soon so register today to save your spot!

The latest from FinDEVr New York 2016 presenters

PayPal Partners with Xero to Support B2B Invoice Payment

Alumni updates

London-based BACB to replace its legacy IT systems with CorporateSuite from Temenos. Kontomatik announces expansion to Portugal, the ninth country where its API is available. PrivatBank’s Partnership with InComm Initiates Launch of Prepaid Products in Ukraine Ghana-based startup, Sovereign Bank, deploys T24 core-banking system from Temenos. CenturyLink to host SatuitCRM and SatuitCRA software as part of new agreement.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

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Meet The ID Co: miiCard Rebrands as DirectID Spurs Growth

By David Penn Posted on
Categories: MiiCard, The ID Co.

In rebranding as The ID Co., James Varga's identity-verification startup will be better poised to provide businesses and consumers with better fraud protection, faster onboarding, and easier, safer login and checkout capabilities. DirectID and miiCard will serve as The ID Co.'s two core business units, with miiCard Digital Passport "helping consumers own and manage their identities," Varga explained, and DirectID B2B "more deeply embedding identity in business processes."

"Our mission is to create a layer of trust online, a digital world where you can trust that people really are who they say they are," he added. "Our new company name represents who we are, and better reflects our mission to help solve one of the greatest challenges of our time."

Growth of The ID Co.'s DirectID B2B service in particular helped drive the rebranding decision. Currently deployed at leading banks, wealth management firms, and online lenders, the technology helps improve onboarding…

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Fintech with The Jetsons at FinovateFall 2016

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2016

It's 2016, and the red-hot fintech sector has evolved immensely since Finovate first launched 10 years ago. Looking back at the demos from 2007, the major trends were PFM, text alerts, and bill payment.

Next month at FinovateFall in New York, we're going to see some things that, compared to 2007, seem like the way the Jetsons would manage their finances. Here's a breakdown of the biggest trends you'll experience at FinovateFall:

Authentication
We've seen authentication strategies evolve from a simple username and password to biometric technologies that leverage voice, behavior, facial recognition, as well as device tokenization and Touch ID to help banks increase security while decrease friction for end consumers. CX/UX
With tech companies such as Uber and Venmo setting a higher bar for user experience, consumer expectations have also evolved. Financial services companies have to compete by offering more personalized services, real-time data and communication, and a suite of user-friendly mobile features. Status quo is no longer an option.…

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Financeit Launches Direct-to-Consumer Financing Platform, Financeit Direct

By David Penn Posted on
Categories: FinanceIt

Financeit Direct is a new, direct-to-consumer financing platform from Financeit that transforms traditional point-of-sale financing into a mobile-enabled, paperless process that works for small- and medium-sized business.

"Throughout beta testing, merchants described Financeit Direct as a revolutionary tool that can be customized for their work schedules and routines," Financeit founder and CEO Michael Garrity said. "Consumers love the quick and easy application process and the added privacy and security, along with Financeit's competitive interest rates."

(Left to right): COO Casper Wong, CTO Paul Sehr, and CEO and founder Michael Garrity demonstrated Financeit at FinovateFall 2014.

Financeit Direct allows customers to use their mobile devices to complete financing applications by uploading documentation such as a voided check or a pay stub. Customers can review rates and get instant credit decisions via their mobile device as well. Calling Financeit Direct "the first point-of-sale financing platform to take full advantage of the mobile revolution," Financeit…

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New Liquidity Compliance Tool from CustomerXPs

By Julie Muhn (@julieschicktanz) Posted on
Categories: CustomerXPs

Real-time banking support company CustomerXPs recently made a move to help banks in the UAE maintain compliance with new liquidity regulations.

While the new launch is a mouthful—Clari5 Real-time Intraday Liquidity Monitoring Solution—it is self-explanatory. The product will help banks in the UAE mitigate intraday liquidity risk and comply with the 240 regulation from the Basel Committee on Banking Supervision (BCBS). The new regulation mandates that by January 2017 banks must provide information for regulators and supervisors to ensure they can meet payment and settlement obligations throughout the day.

The new tool from CustomerXPs offers liquidity-trend analysis and automated alerts to help banks manage liquidity risk. The company's CEO Rivi Varghese describes the tool as a "bolt-on system that leverages existing investments and processes ... with a low infrastructure footprint.”

Founded in 2006, CustomerXPs debuted Paperless Branch Banking at FinovateAsia 2013. Last month the Bangalore-based company partnered with Kris Finsoftware to launch…

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