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

By David Penn Posted on September 17, 2015
Categories: ArcBit, FinovateFall 2015

This 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

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

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Dynamics Debuts Improvements to Next-gen Payment Card

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: Dynamics, FinovateFall 2015

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

Dynamics 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

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

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

By David Penn Posted on September 17, 2015
Categories: Ephesoft, FinovateFall 2015

This 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

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

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

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, Voitrax

This 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

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

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RedCloud Launches RedCloud 1 to Offer a Mobile Transaction Engine

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: FinovateFall 2015, RedCloud

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

RedCloud 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

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

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

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, Ldger

This 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

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

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Socure Launches Facial Biometric Anti-fraud Technology, Perceive

By David Penn Posted on September 17, 2015
Categories: FinovateSpring 2015, Socure

This 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

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

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Hypori Launches Android Cloud Environment with Remote Bluetooth Extension

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, Hypori

This 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

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

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Ethoca’s Alerts Help Online Merchants Avoid Chargebacks

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: Ethoca, FinovateFall 2015

This 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

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

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PaySwag Launches Payment Collection App for the Underbanked

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: FinovateFall 2015, PaySwag

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

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

PaySwag‘s 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

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

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Hedgeable Presents NEXT: The First Private Banking Platform for Millennials

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, Hedgeable

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

The final session of the day is about to begin. Starting us off is Hedgeable presenting NEXT:

Hedgeable NEXT is our intermediary platform for RIAs, CFPs, banks, broker/dealers, credit unions, foreign financial institutions and more to access the power of Hedgeable for their clients.

Hedgeable offers an ultra-high net worth wealth-management platform with zero minimum, making it accessible to 2.5 billion millennials worldwide. The platform can be integrated with intermediaries with the click of a button, free of charge. Clients get access to risk-managed portfolios for any account type, socially responsible investing, alternative asset classes, and a member-benefit rewards-program built into the platform.

Presenter: Michael Kane, co-founder and master sensei, and Matthew Kane, co-founder and chief ninja

Product launch: September 2015
Product distribution strategy: Through financial institutions

HQ: New York City, New York
Founded: April 2009
Website: hedgeable.com
Twitter: @hedgeable

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Quisk Launches Digital Services Platform

By Julie Muhn (@julieschicktanz) Posted on September 17, 2015
Categories: FinovateFall 2015, Quisk

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

Quisk debuted its digital services platform:

Quisk is demonstrating several consumer transactions, including person-to-merchant (P2M), person-to-person (P2P), and more, powered by its patented cloud-based digital services platform. Quisk works with banks to integrate its platform to back-end core banking platforms and offers an API for third-party developers.

Unlike current mobile-network 0perator-led mobile money initiatives, Quisk is the next generation of mobile money: bank-led, interoperable, and for a wider range of transactions. For consumers: Quisk is your money from your bank, but without the cash, without the cards, and without the wallet.

Presenters from left: CTO Praveen Amancherla and Dan Glessner, chief marketing officer

Product launch: September 2015
Metrics: $20 million+ raised; revenue in second half of 2015; active projects in two countries in the Caribbean and Middle East; ~30 employees (tech- and payments-industry veterans)
Product distribution strategy: Direct to business (B2B); through financial institutions

HQ: Sunnyvale, California
Founded: January 2010
Website: quisk.co
Twitter: @quiskpay

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