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Dwolla Demos Bank-level Tokenization

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Dwolla, FinovateSpring 2015

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

Dwolla showed how FiSync works with large financial institutions:

In this demo, attendees are getting an insider’s view into Dwolla’s real-time technology by witnessing some of the applications that have been built on the Dwolla platform. For example, Dwolla CEO, Ben Milne, will offer an overview of Dwolla’s unique approach to authentication and user discovery (through Dwolla’s directory technology) and walk through how these two features are currently being integrated into one of the world’s largest financial institutions and a growing number of application partners. The live bank-level tokenization model eliminates the threat of providing personal information (i.e. bank credentials or routing and account numbers) to a third-party or having to later tokenize the data downstream.

Presenters: Jordan Lampe, director of communications, and Chad Ballard, director, mobility and digital business technology, BBVA Compass

Metrics: $32.5M in funding; more than 70+ employees across 4 offices (San Francisco, DSM, Kansas City, New York City)
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Des Moines, Iowa
Founded: December 2008

Website: dwolla.com
Twitter: @dwolla

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With SayPay, Consumers Speak a Code to Pay Bills

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: FinovateSpring 2015, SayPay

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

SayPay announced a partnership with VoiceVault and introduced its bill pay and secure web sign-in:

When billers include a one-time “SayPay code” on their bills, customers simply speak the code into their mobile banking app without needing to sign in! SayPay biometrically authenticates the customer’s voice, matches the code to the bill, and displays the bill details. Upon review, the customer simply presses “Pay.” SayPay also works for ecommerce checkout, website sign in, P2P payments, step-up authentication, and more. The SayPay code is cryptographically calculated so it can’t be predicted, replicated, reused, or replayed. Further, SayPay uses out-of-band and three-factor authentication and never provides sensitive financial information.

Presenters: Steve Hoffman, CEO and founder; Julia Webb, technology consultant

Product Launch: May 2015

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

HQ: Pleasanton, California
Founded: February 2014
Website: saypaytechnologies.com
Twitter: @saypaytech

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Digital Insight Previews its Mobile Banking App with Beacons

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

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

Digital Insight is demonstrating how it incorporated beacon technology into its mobile banking app.

Digital Insight is illustrating the use of beacons within its mobile banking app. Digital Insight is designing more personalized, relevant, and contextual experiences based on knowledge of a user’s location. Beacons are one way of using the context of location to better tailor a user’s experience in banking branches and give financial institutions additional data on their customers to engage with them more effectively and offer them the right products and services.

Presenters: Marshall Yuan, senior product manager; Ronald Yeung, engineering lead

Product Launch: Digital Insight has conducted a pilot with one financial institution. Based on what is learned from the pilot, Digital Insight will expand the availability to other financial institutions later in the year.

Metrics: Digital Insight has a customer base of approximately 900 financial institutions; end users number 12M online banking and nearly 4.8M mobile banking. Digital Insight was acquired by NCR (NYSE: NCR) in January 2014.
Product distribution strategy: Through financial institutions

HQ: Redwood City, California
Founded: July 1995
Website: digitalinsight.com
Twitter: @Digital_Insight

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Someone With Group Presents its White Label Crowdfunding Platform to Help Patient Pay Medical Bills

By David Penn Posted on May 12, 2015
Categories: FinovateSpring 2015, Someone With Group

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

Someone With Group is our next presenter with its platform that provides funding for patients needing help paying medical bills.

Someone With Group’s white-label crowdfunding platform provides a new source of funds for hospital-sponsored patients struggling to pay their medical bills. Using our online toolkit and live coaching, patients create fundraising campaigns and broadcast those campaigns via social media and email.

The Someone With Group solution verifies patients’ identities, is HIPAA- and banking-regulation compliant, and adheres to anti-money-laundering practices. Contributions are loaded onto a GPR MasterCard debit card. Spending is restricted to medical bills and medical supplies.

Presenters: Paula Jagemann-Bane, CEO and founder; Matt Pomrink, COO and president

Product Launch: January 2015

Metrics: Some With Group has raised over $3M from its founder, with modest friends-and-family support; first revenue, November 2014; 9 employees; 8 outsourced technologists.
Product distribution strategy: Direct to Business (B2B)

HQ: Frederick, Maryland
Founded: October 2013
Website: someonewithgroup.com
Twitter: @Some1WithGroup

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Kabbage Launches the Kabbage Card

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: FinovateSpring 2015, Kabbage

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

Kabbage showed how its Kabbage Card enables small businesses to carry a line of credit in their pocket.

Kabbage is introducing the Kabbage Card, the company’s first tangible product that allows small businesses to carry their Kabbage credit line in their pocket to pay for inventory, office supplies, and anything needed to keep a business running. Kabbage customers will gain immediate access to their Kabbage loan without having to transfer funds into their PayPal or business checking account. Swiping their Kabbage Card will immediately deduct the transaction amount from the customer’s available funds. In addition, customers will immediately have access to view all transactions within their Kabbage account, as well as receive transaction confirmation via SMS text. This new initiative is part of a broader “Kabbage Everywhere” product expansion that includes the ability to sign up through a mobile-responsive site, access funds through mobile devices, and take 12-month loans in addition to the traditional 6-month loans.

Presenters: Michelle Sirpak, director of payment operations; Jason Dell, head of product

Product Launch: May 2015

Metrics: Approximately 170 employees, $106M in equity raised
Product distribution strategy: Direct to Business (B2B)

HQ: Atlanta, Georgia
Founded: February 2009
Website: kabbage.com
Twitter: @kabbageinc

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Whodini Uses Beacons to Help Merchants Engage with Customers

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: FinovateSpring 2015, Whodini

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

Whodini showed off its BLE Beacon and mobile app for customers and merchants:

It’s all about the “Who” in Whodini! Merchants open the Whodini box, peel and stick the Whodini beacon on a wall, set up their online and mobile accounts in five minutes, and they are live and operating. Whodini will demo the magical “Know Your Customer” service. Consumers download the Whodini app and create their customer profile, in return for a modest in-store reward. Afterwards, each time that a customer walks through the door, merchants and employees instantly see the customer’s unique profile. We do this all with BLE beacons, our merchant app, our consumer app, and our SaaS service.

Presenters: Brian Lawe, CEO; David Schachne, executive VP

Product Launch: May 2015

Metrics: Whodini has a solid history of running marketing services for 20,000+ SMB merchants. The new Whodini service is its biggest and most exciting service launch in 10 years. Whodini is in live pilot, in use by consumers, and provides three integrated-marketing services for merchants. Within the last year, the company tripled its employee base, added executive talent, raised over $500k and is now ready to expand Whodini across the U.S.

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

HQ: Westport, Connecticut
Founded: September 2004
Website: whodini.net

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StockViews Helps Investors by Crowdsourcing Alpha Instead of Opinion

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

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

StockViews is presenting its investing platform that crowdsources the insights of top-rated analysts.

The “StockViews Signal” aggregates the recommendations of our top-rated analysts into a unique and powerful buy or sell signal. Previous attempts to crowdsource market wisdom have failed, because the result tends to mirror the conclusion already reached by the market (the market itself is a crowdsourcing mechanism). Instead of crowdsourcing opinion, we crowdsource alpha by aggregating opinions only of analysts who have demonstrated a consistent track record of beating the market.

Presenters: At left, Tom Beevers, CEO and co-founder; at computer, Tara Hyland

Product Launch: May 2015

Metrics: StockViews has more than 500 active analysts contributing ratings directly to the platform. Over 23,000 ratings have been created since May 2014.
Product distribution strategy: Direct to Business (B2B)

HQ: London, England, United Kingdom
Founded: May 2014
Website: stockviews.com
Twitter: @stockviewsnews

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Currency Cloud Launches Payment Engine to Simplify International Payments

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Currency Cloud, FinovateSpring 2015

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

Currency Cloud debuted its Payment Engine Two with enhanced API:

Currency Cloud Payment Engine is built by developers, with developers in mind. By building a sophisticated payment engine, we have taken the complexity out of international payments both for our clients, who are developing game-changing services on top of the Payment Engine, and for our clients’ customers.

Payment Engine Two presenters: Todd Latham, VP marketing; Rachel Nienaber, VP engineering

Product Launch: May 2015

Metrics: Money raised: $18M series A & B; processed over $10B in payments; 80 employees; 150,000 end users; 120 direct platform clients; website traffic: more than 10,000 visitors a month
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: London, England, United Kingdom
Founded: January 2012
Product Demoed: Payment Engine Two with our newly enhanced API
Website: currencycloud.com
Twitter: @currency_cloud

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Onovative Presents Core iQ to Make Customer Data More Extractable and Actionable

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

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

The co-founders of Onovative are demonstrating Core iQ to help FIs make the most out of customer data:

Banks and credit unions have an abundance of customer data already present in their current software systems. The problem is, that data isn’t easily actionable or extractable when they want to use it to communicate with customers. Core iQ connects to those systems in a secure manner, behind the firewall, to enable automatic communication and cross-selling through email, SMS text, direct mail, and many other channels.

Core iQ presenters: Co-founders Michael Browning and Clay Turner

Product Launch: September 2014

Metrics: We have 6 employees and raised $400,000 in August of last year. Our financing round was completely filled within 20 days. Our founders have had successful exits in the past with other technology companies.

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed.

HQ: Jeffersonville, Indiana
Founded: June 2013
Website: onovativebanking.com
Twitter: @onovative

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Cloud Lending Solutions Launches CL Exchange

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Cloud Lending, FinovateSpring 2015

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

Cloud Lending Solutions debuted CL Exchange, a lending solution built natively on Salesforce.com:

Imagine Lending Club, Prosper, and other leading online lenders exchanging consumer or business loan applications within a global exchange. This CL Exchange is where business and consumer loan applications are exchanged among participating online marketplaces and lenders so that they can source the best possible loans for each company’s portfolio.

CL Exchange presenter: Snehal Fulzele, CEO, co-founder

Product Launch: May 2015

Metrics: Money raised to date: $2.25M pre-series A funding; annual sales growth: 250%; number of customers: 58; global footprint: deployed in 18 countries worldwide; number of employees: 55
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: San Mateo, California
Founded: November 2012
Website: cloudlendinginc.com
Twitter: @cloudlending

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WealthForge Launches Invest Button

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: FinovateSpring 2015, WealthForge

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

WealthForge debuted its Invest Button:

With our Invest Button, issuers and intermediaries now have a technology-enabled, turnkey solution to outsource back-office tasks to complete a private securities transaction. This full-featured platform provides everything needed from beginning to end to process the transaction, including compliance, escrow management, reporting and more.

Invest Button presenters: Arthur Weissman, head of sales and marketing; Mat Dellorso, co-founder

Product distribution strategy: Direct to Business (B2B)

HQ: Richmond, Virginia
Founded: 2011
Website: wealthforge.com
Twitter: @wealthforge

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Dealstruck Debuts Line of Credit Borrower Portal

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Dealstruck, FinovateSpring 2015

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

Dealstruck launched a portal that helps borrowers manage their line of credit:

Dealstruck is debuting its new Line of Credit Borrower Portal, which allows its borrowers to seamlessly manage their revolving credit with Dealstruck. Borrowers can see their current balance and amount available for draw, update their borrowing base by linking their QuickBooks-based invoices, reconcile check payments that have been received to pay down the outstanding balance, and make other adjustments to their accounts.

Presenters: Ethan Senturia, CEO and co-founder; Russell McLoughlin, CTO and co-founder

Product Launch: May 2015 at FinovateSpring 2015

Metrics: Dealstruck has a team of 40 and has lent $50M. Dealstruck raised a total of $4.5M seed round in 2013 and $8.5M in a Series A round March 2015, led by Trinity Ventures.
Product distribution strategy: Direct to Business (B2B)

HQ: Carlsbad, California
Founded: June 2012
Website: dealstruck.com
Twitter: @dealstruck

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