Blog - Page 776 of 1215

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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Context Relevant Introduces its Advanced Analytics Platform for Financial Services and Security

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

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

Context Relevant is the company that helps FIs handle big data in real-time.

Context Relevant’s automated, predictive analytics technology is the only system with sufficient scale to automate, compute, and analyze petabytes of structured and unstructured data in real-time, incorporating findings back into its modeling process automatically. These adaptive learning systems’ ability to make sense of seemingly unrelated data, at scale and real-time, is redefining industries from finance to aeronautics.

Presenters: Divanny Lamas, standing, VP of product management; Konstanin Getmanchuk, financial products

Metrics: Context Relevant employs more than 65 people across three offices located in Seattle, New York City and Palo Alto and expects to double its size in 2025. The company raised over $42M in a Series B-1 round in Q3 2014.

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

HQ: Seattle, Washington
Founded: January 2012
Website: contextrelevant.com
Twitter: @contextrelevant

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Shoeboxed Receipt Capture Moves Beyond Paper Receipts

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

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

Shoeboxed showed its expansion into email receipts:

Receipt capture is becoming a standard banking feature: Taking pictures of receipts with a mobile phone that are then matched to the corresponding credit card transaction was just the beginning. We are expanding into pulling email receipts into online and mobile banking apps for people automatically, extracting the actual items people bought from e-receipts, and helping fraud protection.

Presenters: Tobi Walter, COO and co-founder, and Alex Anderson, business development manager

Product distribution strategy: Through financial institutions

HQ: Durham, North Carolina
Founded: May 2007
Website: shoeboxed.com
Twitter: @Shoeboxed

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DriveWealth’s Brokerage as a Service Platform Brings U.S. Markets to Global Investors

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

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

DriveWealth demonstrated its “Brokerage as a Service” platform:

DriveWealth’s innovation is to offer “Brokerage as a Service.” By way of our full-technology stack and regulatory licenses, financial companies that currently offer investing in their local markets (i.e., India, China, Latin America, United States) can now offer their clients the ability to trade U.S. stocks in a low-cost, friction-free environment. We present to these partners embeddable HTML5 “widgets” for account opening, funding, compliance document upload and trading. Partners can use these multilingual plug/play widgets as well as industry standard APIs (RESTful and FIX) to easily add U.S. stocks to their offering. We take care of all the “hard stuff” including trade execution, regulatory compliance, safety of funds, and clearing of trades.

Presenters: Michael Fitzgerald, head of corporate strategy, and Aric Rosenbaum, chief technology officer

Product Launch: April 2015

Metrics: 25-30 employees; $10M raised to date; 40,000+ registered users/customers
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Chatham, New Jersey
Founded: May 2012
Website: drivewealth.com
Twitter: @drivewealth

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Moven Drives Savings and Short-term Credit Using User Behavior

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

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

Moven showcased how it uses customer behavior to incentivize savings and short-term credit:

Moven is building real-time contextualized notifications and interactions that create gamified money moments. Today’s demonstration will debut a behaviorally based approach to driving savings and short-term credit. In addition Moven, in partnership with Accenture, will announce a number of additional global banking partners.

Presenters: CEO Brett King and Alexander Sion, Moven President

Product Launch: June 2015

Metrics: $12.5M raised in 2 rounds (Seed/A); 34 employees in New York City and Philadelphia; projected revenue of $5.5M (2015); 500,000 users in two countries (U.S.A./New Zealand)
Product distribution strategy: B2C in the U.S.; B2B2C internationally

HQ: New York City, New York
Founded: April 2011
Website: moven.com
Twitter: @getMoven

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itBit Debuts its Global Bitcoin Exchange

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

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

Kicking off Day Two at FinovateSpring 2015 is itBit debuting its bitcoin trading platform:

itBit offers an institutional-grade exchange that is available to traders around the world. Our innovative platform, created for retail and institutional clients, adheres to the strictest levels of regulatory compliance. The exchange supports both REST API and the Financial Information Exchange (FIX) protocols to serve sophisticated traders.

Presenters: Bobby Cho, director, institutional client group, and Dara Orlando, senior director of marketing

Product Launch: November 2013

Metrics: 32 employees; thousands of customers around the world use the exchange, from large financial institutions to major bitcoin merchant processors to individual enthusiasts; to date, the company has raised more than $30+ million in funding.

HQ: New York City, New York
Founded: 2012
Website: itbit.com
Twitter: @itbit

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Hedgeable’s Robo-advisor 2.0 Platform Automates Risk-managed Investing

By David Penn Posted on May 12, 2015
Categories: FinovateSpring 2015, Hedgeable

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

Hedgeable presented its robo-advisor 2.0 platform.

Hedgeable’s robo-advisor 2.0 platform allows any investor with an IRA, rollover, taxable, trust, 401(k), or business account to manage a customized low-cost, risk-managed portfolio with as little as $5,000 in 5 minutes. Hedgeable is hugely disruptive because it brings an ultra-high-net-worth allocation to emerging affluent investors who are traditionally shut out from accessing sophisticated investing solutions.

Hedgeable’s platform is not your typical cookie-cutter robo-advisor. It includes dozens of automated stock and ETF portfolios featuring sophisticated features such as downside protection, tactical management, and access to alternative asset classes such as bitcoin, private equity, gold, and real estate. All portfolios are customizable using complex data science and 100+ proprietary investment technology systems created by Hedgeable’s team of world-renowned technologists.

Hedgeable’s investing platform is distributed direct-to-consumer online and also licensed to RIAs, planners, trusts, banks, and other partners around the globe.

Presenting CEO Michael Kane, master sensei, and Matthew Kane, co-founder and chief ninja

Product Launch: May 2015

Metrics: $1.85M raised to date
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms, licensed

HQ: New York City, New York
Founded: April 2009
Website: hedgeable.com
Twitter: @hedgeable

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