Finovate Alumni News

On Finovate.com

  • “FinovateFall 2015 Best of Show Winners announced

Around the web

  • OnDeck and Intuit join forces to launch $100 million lending-fund for small businesses. See Intuit at FinDEVr 2015 in San Francisco in October.
  • The Appzillon Banking Solution from i-exceed technologies earns deployment at two banks in India.
  • Azimo and TransferTo team up to provide mobile top-up services in more than 100 countries.

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.

FinovateFall 2015 Best of Show Winners Announced

FinovateFall 2015 Best of Show Winners Announced

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The Best of Show votes for FinovateFall 2015 have been cast and counted! After two days and 70 live demos of the latest in fintech innovation, our attendees made their opinions known as to which companies earned “Best of Show” (see footnotes for voting methodology).

This year at FinovateFall, it was the debuting companies that made some of the biggest impressions on our record-setting Finovate audience. Of the eight companies to take home “Best of Show” honors, five of them were making their very first appearance on the Finovate stage.

So with a hearty “Congratulations!” let’s meet the Best of Show winners of FinovateFall 2015 (in alphabetic order):

BlockstackioLogoBlockstack.io for its technology that enables financial services and other enterprises to set up and build applications on a private, hosted blockchain.

 

dymeDyme for its innovative method for helping people start a savings habit and fund their life using text messaging.

DynamicsLogoDynamics for its fully programmable interfaces—stripe, EMV, NFC—for use in next-generation payment cards.

 

FINANTEQLogoFinanteq for its SuperWallet that helps banks take full advantage of their potential by integrating m-commerce and remote services with mobile banking.

HedgeableLogoHedgeable for its private banking platform for millennials.

 

HelloWalletLogoHelloWallet for its Retirement Explorer solution, an approachable and actionable online planning tool that helps employees model and work toward specific retirement outcomes.

SaleMoveSaleMove for its Engagement Platform and OmniCall technologies that enable online consumers to engage live with businesses as if they were face-to-face.

Soundpays_logo_FF2015Soundpays for its patent-pending technology that allows the app to recognize ultrasonic and sonic waveforms even in extremely noisy environments.

We had a great time at FinovateFall 2015 and hope you enjoyed the show, as well. Thanks, as always, to everyone who attended, sponsored, partnered with and demonstrated their latest technologies at FinovateFall 2015. We’ll see you next year!


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 eight companies appearing on the highest percentage of submitted ballot were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from FinovateEurope 2015 are here. Best of Show winners from FinovateSpring 2015 are here.

ArcBit Presents BitCoin Wallet, Gives Consumers a “Bank In Your Pocket”

ArcBit Presents BitCoin Wallet, Gives Consumers a “Bank In Your Pocket”

ArcBitThis post is part of our live coverage of FinovateFall 2015.

Our final presentation of FinovateFall is up next. Here’s the team from ArcBit.

Your bank in your pocket, and your money safely in your control, that’s the way banking should be. ArcBit Wallet is a mobile application that gives you full control over your bitcoins. With the ArcBit Wallet, you can send and receive bitcoins from anywhere in the world to anywhere in the world. It is basically a bank in your pocket.

Presenters: Tim Lee, founder, and Cameron P., developer

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Product launch: June 2015

Metrics: 4 employees, has not yet pursued outside investment
Product distribution strategy: Direct to consumer (B2C)

HQ: New York City, New York
Founded: June 2015
Website: arcbit.io
Twitter: @arc_bit

Dynamics Debuts Improvements to Next-gen Payment Card

Dynamics Debuts Improvements to Next-gen Payment Card

This post is part of our live coverage of FinovateFall 2015.

DynamicsLogoDynamics debuted a new program for its next-generation payment card:

The company’s commercial applications are the world’s first fully card-programmable payment interfaces—stripe, EMV, NFC—for use in next-generation payment cards.

Presenter: Jeff Mullen, CEO and founder

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Metrics: $110 million raised; 200 employees
Product distribution strategy: Direct to business (B2B); through financial institutions

HQ: Cheswick, Pennsylvania
Founded: November 2007
Website: dynamicsinc.com
Twitter: @dynamicsinc

Ephesoft Enables Companies to Leverage Unstructured Data into Better Decision-Making Processes

Ephesoft Enables Companies to Leverage Unstructured Data into Better Decision-Making Processes

EphesoftThis post is part of our live coverage of FinovateFall 2015.

Making their way to the stage is Ephesoft.

Ephesoft Universe mines document-stores for information that can be charted, graphed, studied, and compared to help users make better financial decisions. It is the first application to leverage big data tools like Hadoop and Spark to classify documents and extract meaning from them, allowing companies to incorporate unstructured data into decision-making processes. Ephesoft Universe takes access to and manipulation of these vast information streams out of the hands of data scientists and onto the desks of business and financial analysts.

Presenters: Director of Marketing Tim Dubes and CTO Ike Kavas

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Product launch: September 2015
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms, licensed

HQ: Laguna Hills, California
Founded: November 2010
Website: ephesoft.com
Twitter: @Ephesoft

Voitrax Captures and Organizes Voice, Text to Ensure Full Dodd-Frank Compliance

Voitrax Captures and Organizes Voice, Text to Ensure Full Dodd-Frank Compliance

VoitraxThis post is part of our live coverage of FinovateFall 2015.

Coming to the stage next is the team from Voitrax.

The Voitrax platform captures voice, text, and other communication records and accurately organizes and stores them to ensure complete compliance with Dodd-Frank regulatory requests. The system uses a unique blend of advanced technologies to reconstruct swap trades. Our solution addresses the direct needs of Dodd-Frank 1.35a and 23.201-3.

Presenters: CEO Levi Orbach; COO Craig Eagle; CTO Moshe Rayman

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Product launch: September 2015
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms

HQ: Jerusalem, Israel; New York City, New York
Founded: October 2015
Website: voitrax.com
Twitter: @VoitraxInc

RedCloud Launches RedCloud 1 to Offer a Mobile Transaction Engine

RedCloud Launches RedCloud 1 to Offer a Mobile Transaction Engine

This post is part of our live coverage of FinovateFall 2015.

RedCloudTechnologyLogoRedCloud Technology launches its RedCloud 1 Platform:

Available on-site, off-site, or as a hybrid cloud solution, RedCloud 1 enables organizations to launch highly disruptive financial services and provides an immensely powerful and flexible transaction engine and processing platform delivered through mobile devices. While the Financial Service Cloud (payments, savings, and/or loans) is our flagship product, we also have Agent, Merchant, and Insurance Clouds.

Separate or combined, our clouds empower banks, mobile network operators, insurers, and fintech companies that process payments with the ability to get a powerful, user-friendly digital offering in to the hands of their customers, positioning them as an innovator. Our clouds are available through a pay-as-you-grow pricing model.

Presenters: Justin Floyd, founder of Red Cloud, and Matthew Smith, product manager

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Product launch: October 2015
Product distribution strategy: Direct to business (B2B); through financial institutions; through other FinTech companies and platforms; licensed

HQ: London, United Kingdom
Founded: February 2014
Website: redcloudtechnology.com
Twitter: @RedCloudTech

Ldger Previews its Cash-flow Automation Platform for Marketplace-originated Credit

Ldger Previews its Cash-flow Automation Platform for Marketplace-originated Credit

LdgerThis post is part of our live coverage of FinovateFall 2015.

Our next demonstration comes courtesy of Ldger.

To address the gap in the innovation cycle, Ldger has built a powerful and flexible structuring and cash-flow-automative platform that permits investors in, and originators of, marketplace-originated credit to build and market customized tranches of risk exposure against marketplace credit cash-flows.

Presenters: Miles Cowan, CEO, founder; Hyung Kim, co-founder, financial markets

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Product launch: Target Q4 2015
Product distribution strategy: Direct to business (B2B); through financial institutions; through other fintech companies and platforms

HQ: New York City, New York
Founded: March 2014
Website: ldger.com
Twitter: @ldgerinc

Socure Launches Facial Biometric Anti-fraud Technology, Perceive

Socure Launches Facial Biometric Anti-fraud Technology, Perceive

SocureThis post is part of our live coverage of FinovateFall 2015.

Socure is announcing Perceive at FinovateFall 2015. Perceive is a patented, remote facial biometrics solution designed to address account-takeover fraud and transaction security. The device-agnostic Perceive SDK can be added to any mobile or web application to accurately authenticate a consumer using their face, without the hindrance of prior training required by conventional recognition biometrics.

Presenters: Co-founders Sunil Madhu, CEO, and Johnny Ayers, SVP, business development

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Product launch: September 2015 at FinovateFall

Metrics: $7.2 million raised; $3 million revenue; 320 customers across 32 countries; 23 employees
Product distribution strategy: Direct to business (B2B); through financial institutions; through other fintech companies and platforms

HQ: New York City, New York
Founded: September 2012
Website: socure.com
Twitter: @SocureMe

Hypori Launches Android Cloud Environment with Remote Bluetooth Extension

Hypori Launches Android Cloud Environment with Remote Bluetooth Extension

HyporiThis post is part of our live coverage of FinovateFall 2015.

Making their way to the stage next is the team from Hypori.

In conjunction with a Fortune 100 financial services company, Hypori has added support for remote access to Bluetooth peripherals such as barcode scanners, card readers, and receipt printers. The use case is point of sale (POS), and the goal is to improve security for credit-card transactions from mobile devices by moving the POS app off the mobile end-point to a locked-down, instrumented operating system running in a secure data center: POS as a Service. Hypori is demonstrating a mobile credit-card transaction leveraging remote Bluetooth peripherals for the first time on the Finovate stage.

Presenters: CEO Justin Marston; Joel Schopp, senior software developer; Phil Kumnick, SVP, global acquirer processing

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Product launch: September 2015

Metrics: $13.9 million raised; 48 employees
Product distribution strategy: Licensed

HQ: Austin, Texas
Founded: August 2012
Website: hypori.com
Twitter: @Hypori_Inc

Ethoca’s Alerts Help Online Merchants Avoid Chargebacks

Ethoca’s Alerts Help Online Merchants Avoid Chargebacks

EthocaLogoThis post is part of our live coverage of FinovateFall 2015.

Ethoca is demonstrating how its Alerts help online merchants stop fraud:

Ethoca Alerts is an award-winning service used by thousands of ecommerce merchants and online businesses to stop fraud, eliminate chargebacks, and increase acceptance. Leveraging Ethoca’s global collaboration network, it provides the industry’s largest source of cardholder-confirmed fraud and customer-dispute data, direct from the card-issuer source.

Ethoca Alerts arrive in near real time rather than weeks later through the normal chargeback process. Merchants now have advance notification of impending chargebacks and can take immediate action to stop them at the source, eliminating unnecessary costs and poor customer experience.

Presenters: Steve Durney, SVP, issuer relations, and Julie Fergerson, SVP, industry solutions

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Metrics: Ethoca is headquartered in Toronto, Ontario, Canada, with international offices located in Austin, Texas; London, England; Dublin, Ireland; and France. Ethoca has 100+ employees.

HQ: Toronto, Ontario, Canada
Product launch: 2011
Website: ethoca.com

PaySwag Launches Payment Collection App for the Underbanked

PaySwag Launches Payment Collection App for the Underbanked

This post is part of our live coverage of FinovateFall 2015.

PaySwagLogoPaySwag will tell us about the launch of its simple payment-collection app:

PaySwags payment, rewards, education, and feedback engine offers a gamified mobile experience for improving the financial lives of the underbanked. The mobile app simplifies the collection of payments, fees, and fines with cash or cards. Customers are rewarded for paying on time, completing financial and life skills education, and maintaining communication.

Never before has this demographic been incentivized with Amazon gift cards, Redbox rentals, or Starbucks lattes just for keeping a payment plan. The robust administrative back-end also provides advanced workflow, security, integration, and analytics capabilities.

Presenters: PaySwag’s CEO Max Haynes and CTO Mark Miller

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Product launch: September 2015
Metrics: $500,000 privately funded to date; 8 employees
Product distribution strategy: Direct to business (B2B); through financial institutions; through other fintech companies and platforms; licensed

HQ: Reno, Nevada
Founded: October 2014
Website: payswag.com