Blog - Page 775 of 1216

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

By David Penn Posted on May 13, 2015
Categories: Corezoid.com, FinovateSpring 2015

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

Corezoid 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

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

Share this:

Send Post Twitter LinkedIn Facebook

PsychSignal Delivers Real-time Stock Market Opinion from Social Media Sources

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

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

PsychSignal demonstrated its “natural language processing engine API” that provides investors with insights from a variety of social sources.

The Company’s Natural Language Processing Engine API delivers the public’s real-time opinions about stocks and other financial securities by categorizing and quantifying the millions of tweets and messages issued by Twitter, StockTwits, T3Live chat rooms, and other social media sources.

Presenters: CEO James Crane-Baker and CMO Bjorn Simundson

Product Launch: May 13, 2015

Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licenesed.

HQ: Miami, Florida
Website: psychsignal.com
Twitter: @psychsignal

Share this:

Send Post Twitter LinkedIn Facebook

EyeBuy Debuts System to Monetize Television

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

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

EyeBuy launched its platform that enables consumers to instantly purchase what they see on TV:

EyeBuy is showcasing the ability to “see” logos, brands, people, products, etc. streaming across your TV/video screen and enable the viewer to instantly purchase or engage that item, on the spot, in near real-time, with a single click. Engagement options included capturing gift cards, card-linked offers, coupons, RFI, vouchers and purchasing.

Presenting Todd Coulter (CEO & Founder)

Product Launch: May 2015

Metrics: $150,000 raised; 4 employees
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Rancho Murieta, California
Founded: December 2013
Website: eyebuytv.com
Twitter: @toddcoulter

Share this:

Send Post Twitter LinkedIn Facebook

Mistral Mobile Launches m-Aegis Mobile Integrity, a Comprehensive Multi-Factor Authentication Solution

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

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

Mistral Mobile is demonstrating its multifactor authentication platform, m-Aegis.

m-Aegis is the only comprehensive, multifactor, telco-independent, authentication and security solution for mobile applications and OTP replacement. Mobile banking and payments are exploding: Juniper Research predicts there will be more than one billion mobile banking users worldwide by 2017. Simultaneously, the roadblocks to mobile payments are disappearing with solutions such as host-card emulation and secure-elements, clearing the way for sustained dramatic growth. However, with opportunity comes risks. With increased volumes, mobile-initiated transactions become lucrative targets for hacking and fraud. According to a study by RiskIQ, more than 11% of all Android banking applications are suspicious and potentially contain malware. Mistral Mobile’s m-Aegis Mobile Integrity provides a comprehensive solution combining multiple factors such as device fingerprinting, SIM validation and usage data to maximize the integrity and create a high-confidence, no-gap verification model without compromising user experience.

Presenters: CEO Ludwig Schulze and Paul Yoo, chief commercial officer

Product Launch: February 2015

Metrics: 15+ employees
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Oulu, Finland and New York City, New York
Founded: June 2012
Website: mistralmobile.com
Twitter: @MistralMobile

Share this:

Send Post Twitter LinkedIn Facebook

Bento’s Platform Helps Small Businesses Better Manage and Control Expenses

By David Penn Posted on May 13, 2015
Categories: Bento for Business, FinovateSpring 2015

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

Bento‘s platform enables small businesses to take control of their expenses.

Bento’s first offering, the Bento MasterCard, is a prepaid commercial card solution built just for small businesses. Business owners can set rules by employee, amount, time and category before anyone can spend a dime. Bento cards bear the employee’s name and can be enabled and disabled in a second with just one click. Real-time dashboards enable business owners to see everything in one place and quickly track expenses by place, employee, project, category and more. Bento makes spend management and bookkeeping painless.

Presenters: Farhan Ahmad, CEO and founder, and Sean Anderson, chief product officer and founder

Product Launch: March 2015

Metrics: Raised a seed round of $2.5 million from VCs and private investors; 8 employees and growing
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: San Francisco, California
Founded: January 2014
Website: bentoforbusiness.com
Twitter: @bentoforbiz

Share this:

Send Post Twitter LinkedIn Facebook

RAGE Frameworks Presents LiveCredit, Enabling FIs to Build Their Own Innovations

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

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

RAGE Frameworks‘ LiveCredit solution enables FIs to build a variety of financing products.

RAGE LiveCredit is a flexible, scalable origination and servicing solution that can enable the design and launch of any financing product end-to-end from ordination and underwriting, to booking and servicing. LiveCredit is designed to enable a financial institution to implement its creative ideas and needs in terms of new products, new underwriting rules including dynamic pricing, compliance rules, and accounting, in near real-time fashion. LiveCredit enables this configurability through a dynamic and flexible Product Configurator, which rapidly facilitates the configuration of the entire lifecycle related to a product without any need for programming.

Presenters: Aashish Mehta, SVP, banking solutions, and Nick Adams, VP, banking solutions

Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Dedham, Massachusetts
Founded: 2007
Website: rageframeworks.com

Share this:

Send Post Twitter LinkedIn Facebook

CBW Bank Launches ONE Card, Developed by Yantra

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

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

CBW Bank debuts a new payment tool, the ONE Card:

CBW Bank recently launched a new payment tool, ONE Card, to provide its customers access to a safe and convenient alternative to traditional bank accounts. Developed by Yantra Financial Technologies, the solution gives banks, program34 managers, and corporate clients access to a powerful and flexible platform, designed to support a wide range of product categories. including direct deposit, money transfers, and payroll. ONE Card account holders have access to all of the features and functionality of a traditional bank account. However, one key differentiator is that ONE Card does not require a credit check for approval, and users are able to send money to anyone in the United States, and soon internationally.

Presenters: Suresh Ramamurthi, chairman, and Randy San Nicolas, head of payments

HQ: Weir, Kansas

Founded: CBW Bank was founded in 1892, and acquired by its current owners in 2009

Website: cbwbank.com

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook