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Alpha Payments Cloud Presents AlphaHub, its Omnichannel Solution Access Platform

By David Penn Posted on May 13, 2015
Categories: Alpha Payments Cloud, FinovateSpring 2015

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

Alpha Payments Cloud is demonstrating its omnichannel solution access platform, AlphaHub.

Through the AlphaHub, connected banks, merchants, MSPs and ISOs gain access to any solution provider in the world. The AlphaHub is an omnichannel solution access platform that enables merchants to connect to service providers in a simple and scalable way, through a single integration. The depth and range of connected service providers and solutions span across the entire transactional, risk management and commerce solution spectrum, with more than a hundred third-party solutions and a suite of white-labeled products currently available. Additionally, the AlphaHub proprietary orchestration engine enables users to customize down to the individual transaction layer, leveraging each solution’s unique functionality and benefits.

AlphaPaymentsCloud CEO, Oliver Rajic, standing

Product Launch: November 2014

Metrics: Series A funding: $12M
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Singapore
Founded: June 2012
Website: alphapaymentscloud.com
Twitter: @AlphaPayments

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LoanNow Uses Motivational Lending to Help Borrowers Reduce the Cost of Credit

By David Penn Posted on May 13, 2015
Categories: FinovateSpring 2015, LoanNow

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

LoanNow is introducing a new way to co-sign loans; it’s called “Group Signing.”

LoanNow is debuting a groundbreaking new form of loan co-signing called “Group Signing” as part of its motivational lending platform. Group Signing amplifies the traditional benefit of a co-signer by leveraging crowdsourcing technology to share the risk among a broader group of people in smaller allotments. This lowered risk profile allows LoanNow to actively pass along its own risk savings in the form of a lower APR during the loan lifecycle. Combined with other active APR reduction incentives LoanNow now offers, Group Signing has the potential to save borrowers significant amounts of money in interest payments.

Presenters: Harry Langenberg, CEO and co-founder, and Miron Lulic, president, COO and co-founder

Product Launch: May 2015

Metrics: $5M raised, $3M in loans issued to clients, 25 employees
Product distribution strategy: Direct to Consumer (B2C)

HQ: Santa Ana, California
Founded: June 2013
Website: loannow.com
Twitter: @loannow

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FundAmerica Presents its SaaS Compliance Platform for Crowdfunders

By David Penn Posted on May 13, 2015
Categories: FinovateSpring 2015, FundAmerica

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

FundAmerica is demonstrating its SaaS compliance solution for emerging crowdfunders.

FundAmerica is a technology, software-as-a-service, and compliance solutions provider to the emerging crowdfunding industry. Our back-end compliance tools, including escrow, AML, payment processing and state dealer representation enable investment advisers, broker-dealers, listing services, and other platform types to operate legally and efficiently in their business of technology-driven capital formation pursuant to rules 506(c), 506(b) and, eventually, Reg A+ and rule 4(a)(6) crowdfunding.

Presenters: Scott Purcell, CEO and founder, and Scott Anderson, general counsel

Product Launch: December 2014

Metrics: $2.25M angel funding to date; 9 employees; 125 crowdfunding platforms signed up; 40+ escrows opened in first 3 months
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Las Vegas, Nevada
Founded: November 2011
Website: fundamerica.com
Twitter: @FundAmerica

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Finaeos Debuts Back Office and Capital Raise Compliance

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: Finaeos, FinovateSpring 2015

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

Finaeos debuted its compliance automation:

Finaeos Automates the Back-Office and Capital Raise Compliance.

• Private placement memorandums (full version control for legal and disclosure updates)
• Automated/fillable forms and workbooks
• Subscription documents and, when required, promissory note in debt offerings
• KYC “Know Your Customer”
• KYP “Know your Product” (tests for agents)
• AML “Anti Money Laundering” with specific considerations to BSA and the U.S. Patriot Act
• Digital signatures upon EDGAR termination with heightened consideration of website filing and modernization
• Mobile access with consideration of OCIE Cyber Security Initiative April 15, 2014: National Exam Program

Presenter: Tim Vasko, CEO and founder

Metrics: 42 employees between Canada, our self-owned India Corporation, and the United States; self-funded

HQ: Victoria, British Columbia, Canada
Founded: January 2015

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Aurora Financial Systems Presents NOTE, a Vertically Integrated Budgeting Solution for FIs

By David Penn Posted on May 13, 2015
Categories: Aurora Financial Systems, FinovateSpring 2015

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

Aurora Financial Systems is demoing NOTE, a budgeting solution to help consumers manage discretionary spending.

NOTE is the first vertically integrated budgeting solution for Financial Institutions. Unlike other products, which promote leaving your bank for their products, NOTE was created to manage your discretionary spend and compliment the FIs checking and savings accounts. We use MX’s award-winning budgeting solution and our processor is directly connected to provide real-time budget updates.

Presenters: Scott Stagg, CEO and founder, and Chris Melendez, chief strategy officer

Product Launch: April 1, 2015

Metrics: $15M raised to date; 15 employees; $2M annual revenues; limited users and website traffic as we’ve previously focused on B2B incentive card business
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

HQ: Purchase, New York
Founded: November 2009
Website: aurora-fs.com

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Credit Sesame Launches Co-branded Service

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: Credit Sesame, FinovateSpring 2015

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

Credit Sesame launched its Siri integration and co-branded offering:

Credit Sesame makes it easier than ever for consumers to access, monitor, and manage their credit and loans, and to protect their identity. Our latest innovation fully integrates our mobile technology with our award-winning web service, to bring the convenience of tracking finances and higher security to an increasing number of mobile users on the go. Through the first of its kind Siri integration in the financial services industry, mobile app users can simply ask Siri about their credit score and more, to check on the status of their credit and financial information with the tap of a thumbprint. It’s that easy.

Presenters: CEO Adrian Nazari and Jesse Levey, head of product

Product Launch: Mobile app: 22 Jan 2015; co-branded service: May 2015

Metrics: Money Raised: $44M; registered users: 5.5M; loans under management: $128B; employees: 50+
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms

HQ: Mountain View, CA
Founded: January 2010
Website: creditsesame.com
Twitter: @CreditSesame

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Dream Payments Debuts its Future-proofed mPOS Solution

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: Dream Payments, FinovateSpring 2015

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

Dream Payments debuts its mobile point-of-sale solution:

Dream’s cloud-based payment platform combined with its mobile point-of-sale device allows merchants to accept credit and debit cards, access rich analytics and reports, and provide digital receipts to customers. Dream’s solutions are secure, EMV compliant, and accept Contactless and CHIP payment cards. The solution includes a free mobile app, payment terminal, and comprehensive web-based merchant portal enabling merchants to view their account profile and all transactions and manage settlements and debits. The mobile point-of-sale solution easily integrates with third-party applications extending the breadth and depth of the solution and leveraging existing technology investments.

Presenters: COO Anant Tailor and Christian Ali, VP of business development

Product Launch: H1 2015

Metrics: 20+ employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Toronto, Ontario, Canada
Founded: June 2014
Website: dreampayments.com
Twitter: @dreampayments

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Kofax Demonstrates its Mobile Capture Platform for Onboarding

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: FinovateSpring 2015, Kofax

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

Kofax showed how its Mobile Capture Platform onboards customers in real time:

Kofax is demonstrating how its Mobile Capture Platform can onboard customers with the right product at the right time with the right risk-assessment profile in a completely automated fashion. The mobile account-opening solution incorporates mobile-image capture, authentication, workflow, real-time decisioning, product selection, and digital signature capture to “seal the deal.” Kofax’s platform combines the speed and convenience of mobile to enhance the user experience, with the security and confidentiality of a traditional branch experience. This is the only platform in the market that incorporates all of the critical components needed to make real-time, intelligent and risk-balanced decisions using a mobile device.

Presenters: Diane Morgan, senior business development manager, and Dimitri Snowden, solutions architect

Product Launch: January 2014

Metrics: Subsidiaries in 30 countries; 1,200 employees; 800+ channel partners; products available in 70+ countries; 20,000+ customers; NASDAQ & London Stock Exchange (KFX); $266.3M in revenue; $46.3M adjusted EBITA
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Irvine, California
Founded: January 1985
Website: kofax.com
Twitter: @Kofax

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The Slice Platform Enables FIs to Make the Most of Customer Purchase Data

By David Penn Posted on May 13, 2015
Categories: FinovateSpring 2015, Slice

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

Slice Technologies‘ platform helps banks access and take advantage of customer online purchase data.

The Slice Platform lets financial institutions build new features and functionalities based on a visitor’s online purchase profile, using the largest and most comprehensive set of online purchase data anywhere. Slice’s customer-partner implementations are white-label applications of Slice data that create new personalization, monetization, retention and advertising opportunities.

Harpinder Singh, standing, CEO and co-founder

Product Launch: September 2014

Metrics: The Slice panel is comprised of more than 2M users; Slice has recorded data from more than 2M merchants; Slice’s technology recognizes e-receipts from as far back as 2006; the popular Slice shopping app is frequently featured in the app stores and averages 4.5 stars.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Palo Alto, California
Founded: 2010
Website: slice.com
Twitter: @HelloSlice

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Vanguard Debuts Diversification Visualizer

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: FinovateSpring 2015, Vanguard

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

Vanguard described its diversification tool:

“The Diversification Visualizer quantifies and visualizes mutual fund diversification in 3D to help investors build well-diversified investment portfolios.”

Presenters: John Buhl, principal, retail digital services, and Mike Padilla, senior manager, retail digital strategy

Website: vanguard.com

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Token Creates a Fast Payment Ecosystem

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: FinovateSpring 2015, Token

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

Token showed its payment ecosystem that uses end-to-end secure protocols with digital signatures:

For the past 2,500 years, our payment rails have relied upon the use of shared secrets, such as passwords, account numbers, payment card numbers, and paper signatures. Shared secrets are the root cause of the never-ending security problems with payment cards, checks, and ACH. Tokenization is a band-aid, not a cure. The only real way to create a secure, fast payment ecosystem is to eliminate the use of all shared secrets by using end-to-end secure protocols with digital signatures. This has never been done before anywhere in the world. It is what sets Token apart from all other payment systems.

Presenters: CEO Steve Kirsch and CTO Yobie Benjamin

Product Launch: May 2015

Metrics: 10 employees; launching in May 2015 with a large public utility; over $50B in sales leads
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Palo Alto, California
Founded: January 2, 2015
Website: Token.io
Twitter: @token_io

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LendKey’s MarketPlace Creates Low-cost Lending Options

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: FinovateSpring 2015, LendKey

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

LendKey debuted its MarketPlace that creates and manages online lending programs for banks:

Leveraging LendKey’s experience in building real-time loan-origination systems, the LendKey MarketPlace will empower consumers to browse, customize, compare and complete the entire loan-shopping process via a single interface. This represents a dramatic step forward from current consumer-loan marketplaces which collect consumer information, and may provide some pricing information, but eventually transfer the borrower elsewhere to complete and submit the loan.

Presentrts: Vince Passione, CEO and founder, and Strati Papageorge, chief product officer

Product Launch: June 2015

Metrics: LendKey’s online lending platform is used by over 300 credit unions and banks and has raised more than $750M in funding for loans to more than 35,000 borrowers. Our success to-date is due in great part to some key partnerships, including CUNA Strategic Services and Western Independent Bankers (as an endorsed service provider); numerous state credit-union leagues and bank associations, and consumer financial service providers like Intuit (Mint.com) and Credit Karma. LendKey raised $23.5M in equity from backers, including Draper Fisher Jurvetson, Updata Partners, and DFJ Gotham Ventures. We have more than 100 full time employees split between our New York City headquarters and an office in Cincinnati, Ohio.
Product distribution strategy: Direct to Consumer (B2C); Direct to Business (B2B)

HQ: New York City, New York
Founded: October 2007
Website: lendkey.com
Twitter: @LendKey

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