Finovate Alumni News

Around the web

  • Market Prophit unveils its social market sentiment smart beta index.
  • Silicon India takes a look at Ayasdi’s plans to use the capital raised in its latest $55 million funding.
  • Financial Advisor IQ highlights Betterment and Motif Investing in its discussion of millennials and machines.
  • QuantConnect is now integrated with Interactive Brokers.
  • ProfitStars celebrates surpassing 600 FIs using its Remote Deposit Anywhere technology.
  • FIS wins Best Core Banking, Best Outsourcing Project honors at Asian Banker Technology Implementation Awards.
  • TechCrunch: Yodlee’s Joe Polverari writes about LearnVest and its acquisition by Northwestern Mutual.
  • ABC’s 7 On Your Side quotes IDTheft 911 founder Adam Levin on protecting your driver’s license from identity theft.
  • Connect Financial Software Solutions to provide real-time, P2P payments courtesy of new partnership with Acculynk.
  • Cortera announces new releases of eCredit Software.
  • Zoho partners with Forte Payment Systems to offer electronic payments directly with Zoho Finance apps.
  • Dexterity Ventures’ Place2Give releases GIVE_api v. 2.0.
  • Pymnts interviews SimplyTapp president and co-founder Ted Fifelski.
  • PayPal to be publicly traded on NASDAQ in Q2 2015 with its original stock ticker symbol PYPL.

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.

Finovate Alumni News

On Finovate.com

  • FinovateSpring 2015 Best of Show Winners Announced

Around the web

  • Xendpay extends its money-transfer service to Nepal.
  • Moven and Accenture partner to create digital banking solutions.
  • Xsolla launches strategic partnership with Secure Trading Financial Services.
  • Euro Pacific Bank to deploy T24 cloud banking solution from Temenos.

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 Best of Show Winners Announced

FinovateSpring 2015 Best of Show Winners Announced

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Going into this year’s tally of FinovateSpring 2015 ballots, it was anybody’s guess which companies had won the hearts and minds of our attendees and would take home one of our coveted Best of Show awards.

But after two days of great demonstrations of the latest in fintech innovation from companies near and far, the votes are in, and we want to be among the first to congratulate those startups and industry veterans whose technologies wowed our record-setting crowd at the City National Civic in San Jose, Calif., this week.

Congratulations to the Best of Show winners for FinovateSpring 2015, listed in alphabetical order:

AlphaPaymentsCloudLogoAlpha Payments Cloud, for AlphaHub, its omnichannel access platform that helps banks, merchants, MSPs, and ISOs gain access to any solution-provider in the world.

 

Avoka_logo_VectAvoka, for Avoka Transact for Financial Services, which combines social, cloud services, and crowdsourcing into the world’s fastest credit card application.

 

 

FS2015_MoneyAmigo_logoMoney Amigo, for its technology that brings financial services to the underbanked and underserved, delivering traditional banking products in an innovative way.

 

MovenMoven, for its Moven Financial Health Platform, providing real-time contextualized notifications and interactions that create “gamified money moments.”

 

FS15_NAMU_logoNAMU Systems, for its “Joyful Banking” which uses new and intelligent behavior-modeling to focus on customer behavior and digital experiences to create a new standard in mobile banking.

 

 

Shoeboxed logo copyShoeboxed, for its Receipt Capture for Banks solution, which boosts the functionality of online and mobile banking apps while providing fraud protection.

 

STRATOS_ID_10.07.14Stratos, for its dynamic Stratos Bluetooth Connected Card and Digital Card Issuance Platform that analyzes card-usage trends and interactively engages card members.

We hope you enjoyed the show! As always, thanks to everyone who attended and participated in FinovateSpring 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 seven companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners.

Outski Debuts 401(play) Employee Incentive

Outski Debuts 401(play) Employee Incentive

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

FS2015_Outski_logoIn our final presentation of FinovateSpring 2015, Outski demonstrated how it helps employers incentivize their employees to use their vacation days:

Outski has developed a program called 401(play) that motivates participants to prioritize PLAY in their lives by lifting the barriers to taking great vacations. 401(play) is brought to users through their employer, allowing the allocation of direct deposit dollars to their personal Vacation Savings Account. The Outski platform promotes interactive planning with goal-based savings to help people live happier, healthier, and more enriched lives with a focus on financial responsibility. As a robust planning tool with rich data implications, 401(play) can market numerous financial products in practical and easy-to-understand ways that improve the financial wellness of customers.

Presenters: CEO Greg Nickolson and Ryan Nelson, EVP business development

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Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), licensed

Metrics: With a staff of 8, Outski has more than 7,000 registered users, and has raised more than $500,000 in seed funding.

HQ: Tucson, Arizona
Founded: October 2013
Website: outski.com
Twitter: @OutskiTravel

CUneXus Demoes Comprehensive PreScreened Lending Platform

CUneXus Demoes Comprehensive PreScreened Lending Platform

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

CUneXus showed off cplXpress:

Our cplXpress platform allows lending institutions to empower their customers with perpetual loan approval across multiple product lines. This unique and timely solution grants consumers ongoing insight into their personal buying power, and immediate access to preapproved loan offers at every touchpoint. No loan application necessary. Our advanced risk assessment and pricing engine generates a highly personalized and targeted menu of offers based on each individual’s unique financial profile, then communicates these offers within the institution’s online banking, mobile banking, branch, call center, direct mail, and email channels. We are demoing a selection of new online and mobile interfaces, as well as unveiling our latest mobile document delivery, e-signature, and point-of-sale lending capabilities.

Presenters: CUneXus’s Dave Buerger, co-founder and CEO, and Darin Chong, co-founder and COO

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Product Launch: December 2013

Metrics: Founded by a dynamic group of seasoned ex-bankers, CUneXus is privately funded with headquarters 45 minutes north of San Francisco in beautiful Sonoma County. The company’s cplXpress lending automation platform was launched in 2014 and has generated over $100 million in consumer loans in its first nine months of service, a metric projected to grow exponentially in 2015. CUneXus was recently recognized as one of just ten companies to watch on KPMG’s global report of “The Best Fintech Innovators of 2014” and has been selected to participate in Silicon Valley’s renowned Plug & Play Fintech accelerator program for 2015.

Product distribution strategy: Direct to Business (B2B), licensed, white-label

HQ: Santa Rosa, California
Founded: October 2011
Website: cunexus.com
Twitter: @cunexus

Trizic’s Accelerator Enables Financial Firms to Scale Investment Advice

Trizic’s Accelerator Enables Financial Firms to Scale Investment Advice

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

TrizicLogoTrizic debuted its Accelerator that delivers investment advice:

Trizic Accelerator is an elegant, cloud-based digital investment advisory platform. It comprises two elements: a beautifully simple, customized online experience for investors, and a powerful, back-end console that automates portfolio management, securities trading, rebalancing, compliance reporting, and client billing.

Using Accelerator’s sophisticated technology, financial firms will be able to serve clients across all mobile devices, in a more scalable and productive way by augmenting, not replacing, their high-touch, full-service business models.

At left: Brad Matthews, Trizic CEO and founder

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Product Launch: October 2014

Metrics: 15+ employees, 30 financial firm clients, and a pipeline of prospective users
Product distribution strategy: Business-to-Business (B2B), through financial institutions

HQ: San Francisco, California
Founded: October 2012
Website: trizic.com
Twitter: @TrizicCo

NAMU Brings Intelligent Behavior Modeling to Mobile Banking

NAMU Brings Intelligent Behavior Modeling to Mobile Banking

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

Namu logoNAMU is on stage now. The company’s “social spending behavior algorithm” helps FI’s better engage their customers.

NAMU delivers a new standard in mobile banking by implementing new and intelligent behavior modeling, which focuses on customer behavior and digital experiences. All of this is based on a patent-pending “social spending behavior algorithm.” The product highlights include: highly visual user experience, Google-like search through the customer’s entire transaction history and across all banking products, new data organization, contextual, personal, and relevant permission-based advertising of targeted offers, promotion, and loyalty services to consumers as well as a virtual personal branch. For each bank, NAMU connects easily to many complex banking systems with a centralized API and data-centric architecture.

Presenters: Thomas Ko, co-founder and president, and Piotr Budzinski, co-founder and CEO

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Product Launch: November 2014

Metrics: Early start-up phase, raised $200,00 from two angel investors; 10 employees
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Mahwah, New Jersey
Founded: February 2014
Website: namuapp.com
Twitter: @namuapp

ACH-based Payments Innovator Knox Payments Presents Knox Asssured and Knox Verified

ACH-based Payments Innovator Knox Payments Presents Knox Asssured and Knox Verified

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

KNOX symbolKnox Payments, an ACH-based payments company, is introducing two new innovations: Knox Assured and Knox Verified.

Knox Payments is a payments and security service that allows merchants to conduct ACH payments. These are transactions wherein customers can pay directly to merchants using their bank accounts. What differentiates the service from its competitors is its primary focus on speed. In addition, Knox Payments does not offer user accounts, and simply functions as a tool for fast online checkouts.

Presenters: Thomas Eide, CEO and founder, and Julius Gartner, director of business development

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

HQ: San Francisco, California
Website: knoxpayments.com
Twitter: @KnoxPayments

Emailage Offers Instant Fraud Scores for Websites

Emailage Offers Instant Fraud Scores for Websites

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

EmailageLogoEmailage debuted its browser-extension:

Emailage is focused on providing customers with multiple ways to access our toolset. Our new browser extensions allow customers to easily get a real-time fraud score from any webpage. Enabling these extensions allow customers to assess fraud risk scores from Chrome, Firefox, and Internet Explorer seamlessly. The Emailage browser-extension places an icon next to any email address on the page, which can be clicked for instant analysis of the risk associated with the email.

Emailage Presenters: Jennifer Coughenour, director of sales, and Amador Testa, chief product officer

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Product distribution strategy: Direct to Business (B2B)

HQ: Chandler, Arizona
Founded: May 2012
Website: emailage.com
Twitter: @Emailage

Persistent Systems Previews its Online Payment Technology, Buddy Pay

Persistent Systems Previews its Online Payment Technology, Buddy Pay

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

FS15_Persistent_logoPersistent Systems demoes its payments innovation, BuddyPay.

BuddyPay is essentially a switching mechanism for Payment made for purchases of goods and services from an online site. It’s a mechanism that allows another person/entity (payer) to pay for goods and services purchased by someone else (buyer). The payment is done on the online site (seller) in real time. The name was coined BuddyPay as it involves two persons, buyer and payer (father/son, two friends, etc.) who are very well know to each other, i.e. “buddies.”

Presenters: Shriram Natarajan, VP technology consulting, and Ray Bharadwaj, global head of financial services

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Product Launch: June 2015

Metrics: One of the top-ten companies for investor relations in India, Thomson Reuters Extel Survey Awards; 8,500+ employees; 23% revenue CAGR for the last 5 years; geographies: United States, Canada, Europe, Asia Pacific, Australia
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Pune, MH, India
Founded: May 1990
Website: persistent.com
Twitter: @Persistentsys

Malauzai Software Brings its Mobile-only Virtual Banking Experience to Community FIs

Malauzai Software Brings its Mobile-only Virtual Banking Experience to Community FIs

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

Malauzai logoMalauzai Software is here with its mobile-only virtual banking experience.

Malauzai has developed a mobile-only, virtual banking experience that makes banking fun, effortless, and completely branchless. With advanced features such as person-to-person payments, mobile account registration, picture bill pay, debit card on/off, and remote capture, end-users are able to leverage technology to bank anytime, anywhere, on any device.

Presenters: Robb Gaynor, CPO and co-founder, and Danny Piangerelli, CTO and co-founder

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Product Launch: December 2014

Metrics: 280 live plus 330 signed customers, serving 500,000+ end users; more than 5 million logins a month; 60+ employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Austin, Texas
Founded: October 2009
Website: malauzai.com
Twitter: @malauzaimonkeys

Corezoid Presents its Cloud Operating System for Building and Changing Business Processes

Corezoid Presents its Cloud Operating System for Building and Changing Business Processes

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

COREZOID logo copyCorezoid is making its way to the stage now. The company is demonstrating its cloud-based platform to help FIs build better business processes.

Two classes of problems exist in software development:

  • Customer problems: it’s too long, it’s too expensive, lack of flexibility, high cost of updates, dependence on the developer, succession/inheritance
  • Developer problems: modern programming paradigm means programming with implicit selection of statuses resulting in a lot of inherent technical problems, it’s too long, succession/inheritance

Corezoid solves these problems by switching from writing the code to building the algorithm.

Presenters: Sergey Danylenko, chief marketing officer at Corezoid, and Antony Rogalskiy, chief marketing officer, PrivatBank

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Product Launch: November 2013

Metrics: $1 million raised; 5,398 enterprises; 27, 193 conveyors; 21,223,940,118 operations
Product distribution strategy: direct to business (B2B), through financial institutions

HQ: Wilmington, Delaware
Founded: November 2013