MoneyAmigo Delivers Traditional Banking Products in a Non-Traditional Way

MoneyAmigo Delivers Traditional Banking Products in a Non-Traditional Way

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

MoneyAmigo showed how its serves underserved markets:

MoneyAmigo fuses a simple user experience with innovative and sophisticated “in-chat” peer-to-peer payments – crossing any boarder in 3 clicks, 3 seconds. By providing basic banking functionality—bank account, debit card, bill payment and direct deposit—for free, along with an innovative peer-to-peer payment platform, MoneyAmigo provides financial control for those who are un/underbanked. MoneyAmigo breaks the rules of traditional banking by providing users an easy-to-understand, interactive app to manage their money needs in a straightforward and respectful manner. MoneyAmigo makes managing money fast, fair and friendly.

MoneyAmigo presenter: Founder Kim Norland, CEO

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Product Launch: May 2015

Metrics: $300,000 raised; 7-person dedicated team, lead by Kim Norland. Team part of design:success—international innovation firm.
Product distribution strategy: Direct to Consumer (B2C), licensed

HQ: Las Vegas, Nevada
Founded: January 2015
Website: moneyamigo.com
Twitter: @moneyamigo

3E Software’s Teslar Creates Efficiencies in Lending and Credit Management

3E Software’s Teslar Creates Efficiencies in Lending and Credit Management

3ESoftwarelogoThis post is part of our live coverage of FinovateSpring 2015.

3E Software debuted Teslar, a product that fosters efficiency for financial institutions:

Teslar is a revolutionary lending and credit management Software-as-a-Service solution that empowers bankers to be more efficient and effective by giving them a cradle-to-grave platform. With its ability to help in almost all facets of lending, from pipeline and call activity to loan review, there is little that Teslar can’t do.

Teslar presenters: Joe Ehrhardt, 3E president, CEO; David Ankeny, VP software development

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Product Launch: December 2008

Metrics: Self-funded and boot-strapped with $2,000 in capital; 100% employee-owned; 5-year annual average revenue growth rate over 150%
Product distribution strategy: Direct to Business (B2B)

HQ: Fayetteville, Arkansas
Founded: July 2008
Website: 3esoftware.com

 

Hip Pocket Launches Version 2.0 of its Mortgage Comparison Platform

Hip Pocket Launches Version 2.0 of its Mortgage Comparison Platform

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

Hip-Pocket-logo-final-8-19-2013The team from Hip Pocket demoes version 2.0 of its mortgage-comparison solution:

Our mortgage-comparison product first launched in July of 2014, and we’re releasing our second version of the software here at FinovateSpring. After collecting eight simple data points from the consumer, this unique application accesses relevant peer data as well as the financial institution’s current rates to show the consumer where she ranks compared with her peers and what to do about it. This product delivers a relevant savings analysis for the customer (something they want); more loans for the institution (something you want); and increased trust and engagement between the two parties.

Presenters: Mark Zmarzly, CEO and founder; Todd Cramer, digital experience and design

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Product Launch: Version 2.0 is debuting at FinovateSpring; V1.0 launched July 2014.

Metrics: $85,000 raised; 3 employees
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: Lincoln, Nebraska
Founded: June 2013
Website: hippocket.net
Twitter: @BankMarketing

Encap Security Integrates with Touch ID

Encap Security Integrates with Touch ID

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

Encap Security demonstrated how it can enable financial institutions to take advantage of new authentication methods:

Encap is demonstrating how their platform can enable institutions to offer choices to their customers, without sacrificing on security, or creating a management headache. Showcasing their integration of Touch ID, Encap will demonstrate how their solution can detect and use device capabilities as they come to market. The result is a flexible platform that allows financial institutions to take advantage of new authentication factors as they emerge, without the pain of reengineering the entire authentication framework. This flexibility allows Encap to be a truly omnichannel authentication option, and perhaps the only one that improves both security and usability.

Presenters: Adam Dolby VP, Americas; David Nayes, sales director, Americas

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Product Launch: June 2014

Metrics: Encap Security’s management team has an unrivaled pedigree in authentication and mobile financial services. The Encap Security executive team has 60+ years of experience across mobile financial services, identity management, and mobile app security. The total investment made in Encap Security is €4.8M.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Palo Alto, California, and Oslo, Norway
Founded: 2007
Website: encapsecurity.com
Twitter: @encapsecurity

Top Image Systems Unveils its eFLOW Lending Solution to Optimize Processing for Originators

Top Image Systems Unveils its eFLOW Lending Solution to Optimize Processing for Originators

This post is part of our live coverage of FinovateSpring 2015

FS2015_TopImageSystems_logoOur next presenting company is Top Image Systems, demonstrating its innovation in loan-origination technology.

eFLOW Lending is Top Image Systems’ financial technology innovation designed to transform what is currently a very manual, time-consuming, and expensive origination process into a streamlined, automated, self-service-enabled experience with automatic “completeness checks” during the application process. With the ability to automatically capture and process any volume of documents—of any type, anywhere, at any time—eFLOW Lending optimizes loan processing, increasing accuracy and efficiency for originators. Through document classification and automated data-capture, TIS’ solution enables cost reduction and decreases mortgage-processing cycle-times while ensuring maximum security and compliance.

Presenters: Taylor Adkins, technical product management; Alayne Pregeant, senior director, global marketing

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Product launch: May 2015

Metrics: Following our IPO in the mid-90s, we recently raised $15M in a secondary offering in February 2014; 2013 annual revenue: $40M; employees: 250
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Tel Aviv, Israel
Founded: March 1991
Website: topimagesystems.com
Twitter: @TopImageSystems

DarcMatter Brings Transparency, Access to Alternative Investments

DarcMatter Brings Transparency, Access to Alternative Investments

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

DarcMatterLogoDarcMatter demoes its platform that gives investors access to alternative investments in private equity, venture capital, and more.

DarcMatter is an investment platform that answers an increasing appetite for alternatives by providing visibility into an otherwise opaque marketplace. DarcMatter provides private issuers comprehensive transactional technology and distribution channels to enhance exposure to a greater number of investors. The platform also features a seamless and compliant engine to receive investments, securely store and disseminate information, and manage the flow of funds. The platform’s unique model enhances investor buying-power by lowering the buying minimums of select opportunities while considerably streamlining capital-raising logistics for private issuers.

Presenter: Founder, CEO Sang Lee; CTO Stan Solodkyy

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HQ: New York City, New York
Founded: November 2014
Website: darcmatter.com
Twitter: @DarcMatterHQ

Cardless Cash from FIS Helps Mobile Banking Customers Make Safe, Speedy ATM Withdrawals

Cardless Cash from FIS Helps Mobile Banking Customers Make Safe, Speedy ATM Withdrawals

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

FIS LOGO WHITE GRADIENT 1.22.13FIS is up next with its Cardless Cash innovation for mobile banking:

Cardless Cash enables mobile banking users to get cash at an ATM in under ten seconds—all from the privacy of their smartphones. Cardless Cash protects customers with biometric security and eliminates skimming fraud risks associated with plastic cards. If you have your phone, you’ve got your cash. Customers experience unparalleled convenience, speed and security of access to cash using only an app.

Presenter of Cardless Cash app: SVP Doug Brown, general manager

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Product Launch: January 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Jacksonville, Florida
Founded: January 1968
Website: fisglobal.com
Twitter: @fismobile

PayActiv’s MyMo Helps Consumers Intelligently Manage Their Finances

PayActiv’s MyMo Helps Consumers Intelligently Manage Their Finances

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

PayActiv Logos CMYKPayActiv introduces MyMo, an app and ecosystem that help employees cover the gap between earning and spending:

PayActiv’s MyMo (My Money) app and ecosystem requires no change in existing IT or payroll process of an employer. Employees enrolled in MyMo can (1) intelligently manage their finances; (2) instantly access funds to bridge the timing gap between earning and spending; (3) deal with emergencies without taking predatory loans or having exposure to overdraft fees.

MyMo presenter: Founder and CEO Safwan Shah of PayActiv

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Product Launch: November 2014

Metrics: Money raised: $6.7M; employees: 10; revenues: early revenue has begun; multiple customers signed
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: San Jose, California
Founded: January 2013
Website: payactiv.com
Twitter: @payactiv

Meet Vouch: The First Social Network for Credit

Meet Vouch: The First Social Network for Credit

Vouch Logo - Updated 4.14 copyThis post is part of our live coverage of FinovateSpring 2015.

And we’re off! The first demo of the day comes courtesy of Vouch, launching its “social network for credit” platform:

Friends and family members trust you with money, so Vouch does, too. Get started by visiting the Vouch website, or downloading the mobile app for iOS or Android. Borrowers apply for loans and ask friends, family, and other personal connections to “vouch” for them by answering a short survey. Vouchers are encouraged to back a portion of the loan to help further reduce the price to borrowers. “Vouches” are used alongside standard financial data to gain a more complete picture of creditworthiness, bringing down the price of loans for borrowers. The more vouches a borrower receives, the lower their rate.

Presenter: Yee Lee, CEO and co-founder

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Product Launch: March 2015

Metrics: Funding, $3M (Seed round)
Product distribution strategy: Direct to Consumer (B2C)

HQ: San Francisco, California
Founded: December 2013
Website: vouch.com

FinovateSpring 2015: Fintech Showdown in San Jose

FinovateSpring 2015: Fintech Showdown in San Jose

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Halfway through rehearsal day on Monday, we learned that the attendance for FinovateSpring 2015 was nearing the 1,400 mark. And the best news about that is that we’re still happy to save a spot for you and yours, just visit our registration page before it’s too late.

Since rehearsal day is the perfect time to make sure everything is just right when the lights go up Tuesday morning, here are a few tips and reminders to help you make the most of your Finovate experience, wherever you may be enjoying it.

Bizzabo You!

Finovate events are known for many things, and high-caliber networking is one of them. So we are again turning to the social networking app, Bizzabo, to help attendees make the most of their time at the show. Bizzabo makes it easy for attendees to reach out and network with each other before, during, and after the show. It is also a great way to learn more about the presenting companies, the event’s sponsors and partners, and the event itself.

Registered attendees can download the Bizzabo app (iOS here, Android here). You can also access Bizzabo via your desktop at this link. If you’re new to Bizzabo, you can sign up using your LinkedIn credentials or set up an account using the same email address you used when registering for Finovate, as well as a password.

After you’ve downloaded the app, search for “Finovate” then select “Join” and you’re set.

If you have any difficulties signing in, please email us at spring@finovate.com.

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Tweet Me!

If you can’t make it to San Jose this week for FinovateSpring 2015, don’t despair! Our live Twitter feed is the next best thing to being here.

Find us on Twitter at the handle @Finovate, and be sure to mark your tweets #Finovate. You’ll join an intelligent, occasionally irreverent, community of savvy fintech fans whose insights, observations, and clever remarks will ensure you don’t miss a moment of the show.

Remember you can always get more information about FinovateSpring 2015 at our event page. We have the two-day event schedule, list of presenters, sponsors, partners, and more.

We hope to see you this week at the conference! If you have any questions, check out our FAQ page or send us an email at info@finovate.com.

Finovate Alumni News

On Finovate.com

Around the web

  • Forbes column on a “$30 trillion customer service experience” features insights from Motif Investing CEO Hardeep Walia.
  • Wells Fargo funding authorizes ApproveIt Web Server from Silanis Technology as part of their approved e-signature solutions program.
  • Sun Sentinel article highlights Toshl Finance in a discussion on the eight things you should know before going to college.
  • Column on RIAs and the active ETF market quotes AlphaClone CEO Mazin Jadallah.
  • Bright Funds establishes six disaster-response funds to support Nepal disaster relief.
  • The Economist features Lending Club, Prosper, Zopa, and Kreditech in its look at P2P lending and “financial democracy.”
  • Axis Bank launches Ping Pay, a multisocial payment app, in partnership with Fastcash.
  • PYMNTS.com considers what itBit’s New York banking license and $25M funding means for the broader bitcoin community. See itBit at FinovateSpring 2015 in San Jose this week.
  • ACI Worldwide signs Letter of Commitment to support U.K. Faster Payments Scheme’s New Access Model.

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.

FinovateSpring 2015: We’re On the Way to San Jose

FinovateSpring 2015: We’re On the Way to San Jose

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Spring has sprung! And with it, the return of FinovateSpring to the Bay Area for our second event in San Jose!

This year we will miss the throngs of San Jose Sharks fans marching down the street, packing the pubs, and enjoying the performance of their beloved NHL playoff contender. But we are looking forward to the throngs of financial technology fans who have already saved their spots at what is shaping up to be the biggest FinovateSpring to date.

So, whether you will be joining us here in San Jose, or following us online via Twitter feed (@Finovate) or our Live Blog here at Finovate.com, here’s everything you need to know to be ready when the lights go up on the Finovate stage Tuesday morning.

Schedule
Registration begins at 8:00 a.m. on Tuesday, 12 May. The first demo begins at 8:55 a.m. The final demo of Day One begins at 4:02 p.m.

On Wednesday, registration begins at 8:00 a.m. The first demo will start at 8:55 a.m. The final demo of Day Two begins at 2:28 p.m., with the Best of Show award ceremony at 4:15 p.m.

There’s still time to be a part of our record-breaking audience. Visit our registration page and pick up your ticket today.

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Venue
FinovateSpring returns to the City National Civic, near the campus of San Jose State University. Here’s the address for those of you joining us in person:

135 West San Carlos Street
San Jose, California 95113

Presenters
Over the course of two days, FinovateSpring 2015 will feature 72 companies demonstrating the latest in fintech innovation live on stage. Take a peek at our presenters below, and learn more about them at our presenters page, as well as in our Sneak Peek preview series.

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We hope to see you in San Jose! For more information, visit our FAQ page or email us at info@finovate.com.