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Bleu Introduces its PoS Network to Help Speed the Transaction Process for Consumers

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

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

The team for Bleu is up next, demonstrating its Point of Sale Network solution.

Bleu facilitates mobile transactions by using Bluetooth low-energy beacons in our PoS Network. A beacon is a tiny wireless device that sends a Bluetooth signal to a customer’s Bleu app when they enter a store. The beacon connects the customer to the store and when the customer is ready to pay, they select their form of payment and the transaction is automatically completed. Bleu has patented a mobile transaction process using Bluetooth low-energy beacons, and has developed a proprietary mobile point-of-sale and consumer application. This fully integrated solution conducts transactions from any registered payment instrument.

Presenters: bleu CEO Sesie Bonsi and Brett Howell, VP, business development

Product launch: September 2015
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions; through other fintech companies and platforms

HQ: Los Angeles, California
Founded: October 2014
Website: bleuco.com

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Big Data Scoring Helps Lenders Leverage Big Data to Make Better Credit Decisions

By David Penn Posted on September 17, 2015
Categories: Big Data Scoring, FinovateFall 2015

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

The team from Big Data Scoring is making its way to the stage next.

Our big data underwriting models have been used and tested for years and show an average 25% improvement in scoring accuracy over current best-in-class scoring models. For a lender, this translates directly into better credit quality and more clients. The solution can be easily integrated into any platform and the benefits are immediate. We also offer a risk-free testing opportunity.

Presenters: Erki Kert, CEO, co-founder; Meelis Kosk, head of sales

Product distribution strategy: Direct to business (B2B); licensed

HQ: Tallin, Estonia
Founded: February 2013
Website: bigdatascoring.com
Twitter: @bigdata_scoring

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New Kapitall Holdings Introduces its Prize-linked Savings App for Millennials

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, New Kapitall Holdings

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

Our next demonstration is led by Jeremy Pink, CEO of New Kapitall Holdings.

Introducing KapitallM, our new app based on a unique savings-first product modeled on the global success of prize-linked savings accounts or PLSAs.

A PLSA is a special savings account where you have a chance to win cash and prizes based on how much money you save. It’s designed for the millennial generation to secure its financial future by encouraging savings and paying down debt in a social, mobile, fun interaction. But we’ve added a few twists to the traditional PLSA in our new KapitallM app to include ways to win money by paying off student-loan debt and by simply testing your personal finance knowledge.

Presenter: Kapitall CEO Jeremy Pink

Product launch: September 2015

Metrics: $10 million raised (2014)
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions; through other fintech companies and platforms; licensed

HQ: New York City, New York
Founded: January 2014
Website: kapitall.com
Twitter: @kapitall

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Sliced Institutional Offers Advisers Access to Alternative Investments

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

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

Sliced Investing debuted Sliced Institutional:

Sliced Institutional gives registered investment advisers access to a suite of alternative investments while also automating all the manual processes associated with private investments: subscription document signing, reporting, custodial integrations, CRM integrations and more.

With this platform, Sliced Investing gives financial advisers access to both blue chip funds and emerging managers, all while providing portfolio analytical tools to help them efficiently invest capital.

Presenters: Sliced Investing Co-founders Akhil Lodha, CTO, and Mike Furlong, CEO

Product launch: August 2015
Metrics: Sliced Investing is a fintech startup backed by Y-Combinator, Khosla Ventures, Great Oaks Venture Capital, TriplePoint Ventures, Data Collective, Aslanoba Capital, Amit Avner, Aaron Levie, and TEEC Angel Fund. The Sliced Investing team has experience in both financial services and technology from their time and experience at Motif Investing, Citi, J.P. Morgan, Mesirow Financial, Wells Fargo, Barclays, Oracle, and FT Partners. Sliced Investing currently has 8 full-time employees.
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms

HQ: San Francisco, California
Founded: June 2014
Website: slicedinvesting.com
Twitter: @SlicedInvesting

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SaleMove Introduces OmniCall to Help Businesses Boost Online Customer Engagement

By David Penn Posted on September 17, 2015
Categories: SaleMove

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

Our second company of the morning is SaleMove.

The SaleMove Engagement Platform is comprised of a Visitor and Operator interface. The Visitor interface is the consumer-facing part of the platform that allows for website visitors to seamlessly engage with financial institutions. The Operator interface is the business-facing part of the platform that provides FIs with complete visibility and live engagement of visitors browsing the website.

OmniCall is SaleMove’s newest feature that is coming out of beta at FinovateFall 2015! It allows for an instant online engagement experience triggered by simply dialing a phone number.

Presenter: SaleMove CEO Daniel Michaeli, founder

Product launch: SaleMove OmniCall is launching September 2015 at FinovateFall

Metrics: ~$7M raised; +100 customers
Product distribution strategy: Direct to business (B2B)

HQ: New York City, New York
Founded: May 2012
Website: salemove.com
Twitter: @SaleMove

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Bizfi Debuts Aggregation Silo for Business Financing

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

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

Our first presenter of day two at Finovate is Bizfi, demonstrating how it helps with lead monetization in business financing:

At FinovateFall, Bizfi will be highlighting its aggregation silo, which the company is now making available to partners as a white-label or co-branded solution. Bizfi’s aggregation platform enables sales offices and/or partners to maximize lead monetization, while taking advantage of economies of scale and scope, powered by data science and technology. The proprietary technology behind the aggregation silo is further supported by strategic relationships with more than 35 funding partners. For potential customers, the presence of the aggregation silo translates into greater choice, efficiency, and convenience.

Presenters: Stephen Sheinbaum, founder, and Walt Levengood, chief strategy officer

Product launch: April 2015
Metrics: $15 million raised in equity in 2006 from a handful of angels; currently raising its first round of institutional equity; ~$100 million of debt (senior, mezzanine, and subordinated); LTM revenues $69.2 million; LTM EBITDA $15.3 million; YTD production ~$257 million; $1.3 billion+ provided to ~26,000 customers; 175 employees.
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms

HQ: New York City, New York
Founded: May 2005
Website: bizfi.com
Twitter: @bizfinyc

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Trulioo Presents Global Gateway, its Bank-grade ID-verification Solution

By David Penn Posted on September 16, 2015
Categories: FinovateFall 2015, Trulioo

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

Our last live demonstration of the day is about Global Gateway from Trulioo.

Trulioo’s bank-grade identity-verification product, GlobalGateway, enables busineses to perform frictionless identity verification for more than 3 billion people in more than 40 countries via 145 data sources—the widest coverage in the market. GlobalGateway helps businesses comply with anti-money laundering (AML) and know your customer (KYC) identity-verification needs, and provides a reliable and trustworthy way for businesses to evaluate new and existing users through a single portal or normalized API.

Presenter: Anatoly Kvitnitsky, director, corporate development at Trulioo

Product Launch: August 2014

Metrics: 27 employees; $10M raised; three-plus billion profiles in more than 40 countries via 145 data sources; more than 100 million cyber identities scored
Product distribution strategy: Direct to business (B2B), through financial institutions

HQ: Vancouver, British Columbia, Canada
Founded: August 2011
Website: trulioo.com
Twitter: @Trulioo

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Avoka Transact Bundles Offer a Code-free Onboarding Solution

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: Avoka, FinovateFall 2015

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

Next, Avoka showed off its code-free onboarding solution, Avoka Transact Bundles:

For banks, credit unions, and wealth managers, Avoka’s digital commerce platform improves customer acquisition and reduces abandonment. Avoka Transact Bundles being demonstrated at FinovateFall is a code-free way of delivering an experience that allows a customer to apply for one product and seamlessly onboard into additional products such as deposit, loan, or card offerings. With Avoka Transact Bundles, you can design the experience your customer wants, independent of the limitations of your core systems and rapidly increase cross-sell rates.

Presenters: Derek Corcoran, chief experience officer; Jeff Kalicki, senior account executive

Product Launch: July 2015
Metrics: 90 employees; 100+ customers; 100 million+ transactions completed in past year
Product distribution strategy: Direct to business (B2B)

HQ: Broomfield, Colorado
Founded: January 2002
Website: avoka.com
Twitter: @avokatech

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From Bay Street Labs, Auvenir Transforms the Way Financial Audits Are Performed

By David Penn Posted on September 16, 2015
Categories: Auvenir, FinovateFall 2015

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

The team from Auvenir makes its way to the stage.

Auvenir transforms and democratizes financial audits, enabling every auditing firm of every size to perform audits with the highest quality and efficiency. The intuitive web-based platform provides machine assistance to both client and auditor to accelerate the audit process and deepen intelligence for higher quality.

From staffing, to workflow, to automation and advanced analytics, Auvenir is the world’s most advanced and complete auditing platform.

Presenters: Peter Myers, CEO and co-founder; John Felske, CTO and co-founder; and Eziah Syed, co-founder

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Dealflow Launches a More Efficient Way to Raise Capital

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: Dealflow, FinovateFall 2015

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

Dealflow showed a new way to raise capital:

We’re solving the largest problem in the business of raising capital with software that creates targeted outreach to investors based on preferences-data that we use to match investors with opportunities. Companies are increasingly reaching beyond their personal networks to raise capital. They’re using deal portals, social media networks, and a variety of investment databases to find investors. We make the process easier by putting everything in one place and by offering tools that make raising capital efficient.

Presenter: Dealflow CEO and founder, Steven Dresner (standing)

Product Launch: September 2015
Metrics: Raised $2 million; 8 employees; 9,000 registered users
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); licensed

HQ: New York City, New York
Founded: April 2013
Website: dealflow.com
Twitter: @dealflow

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Fern Software Presents its API Banking CRM Software Service, BayTree

By David Penn Posted on September 16, 2015
Categories: Fern Software, FinovateFall 2015

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

Midway through our final session of the day, here is the team from Fern Software.

BayTree is a developer-friendly, plug-and-play banking/CRM system for existing software to consume and work with the Fern data. With BayTree, Fern is introducing a new web application that offers limitless flexibility and customization options. The platform has a low barrier of entry for pricing while allowing for scaling up through the integration first and third-party modules to add functionality.

Presenters: Eamon Scullin, Fern’s CEO and founder; Adam Stirtan, software architect

Product Launch: August 2015

Metrics: Privately held company with 60+ employees globally
Product distribution strategy: Direct to business (B2B); certified partners

HQ: Australia, Canada, India, Ireland, Singapore, United Kingdom
Founded: December 1979
Website: fernsoftware.com
Twitter: @fernsoftware

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HelloWallet Launches Retirement Explorer

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: FinovateFall 2015, HelloWallet

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

HelloWallet launched its Retirement Explorer:

Retirement Explorer is an approachable and actionable online retirement planning tool that helps employees model and work toward specific retirement outcomes. This innovation simplifies the retirement planning process with a user-friendly interface and guidance that is both clear and realistic. Retirement Explorer offers helpful insights with very few inputs and can also scale to accommodate sophisticated employee needs. Employees are able to both model and save retirement scenarios and then make them a reality with a single click due to partner integrations.”

Presenters: Matt Fellowes, chief innovation officer, Morningstar, and founder of HelloWallet; Andrew Vincent, senior product manager; Gabe Gorelick-Feldman, software engineer

Product Launch: September 2015
Product distribution strategy: Direct to Business (B2B)

HQ: Washington, DC
Founded: 2009
Website: hellowallet.com
Twitter: @hellowallet

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