Blog - Page 778 of 1214

Karmic Labs Launches Dash to Give Employees Access to Corporate Funds

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

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

Karmic Labs debuted Dash:

Through a single app, Dash allows employees of companies and organizations to dynamically gain access to corporate funds through various mechanisms configured to the entity. Dash also handles all expense management at no cost and in real-time, so no more time delays or need for third-party solutions. The API-based Dash marketplace also enables additional financial services. The service functionality is available directly to businesses via Dash, as well as through participating financial institutions via a partner of Karmic Labs.

Presenters of the Dash app: Ryan Weidenmiller, CEO; Chris Agerton, CTO; Troy Land, emerging commerce, FIS

Product Launch: Limited beta, December 2014; open beta, April 2015

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

HQ: San Francisco, California
Founded: January 2014
Website: getdash.io
Twitter: @getdashnews

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Stratos’ Bluetooth Connected Card Digitizes the Card Issuance System

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

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

Stratos debuted its digital card issuance platform:

Stratos is reinventing your wallet and cards like the iPod and iTunes reinvented your CD collection. Stratos consolidates your debit, credit, loyalty and gift cards into one dynamic card. Stratos Card works in conjunction with Stratos Digital Card Issuance Platform which will debut virtual card issuance, allowing cards to be downloaded instantly, digitizing the physical fulfillment system that issues billions of cards in the U.S. The platform analyzes card-usage trends and interactively engages card members. Stratos works with the mobile lockscreen, making real-time location or history-based suggestions, and offers patented security card-lockdown and insights for a superior customer experience. Its dual stripe technology ensures 100% compatibility with existing card-acceptance infrastructure.

Presenters: Co-founders Thiago Olson, CEO; Henry Balanon, CTO

Product Launch: The Stratos Card began shipping to consumers in April 2015; however, the Stratos Digital Card Issuance Platform is being announced and demonstrated for the first time at FinovateSpring 2015.

Metrics: Stratos has raised over $7M in funding to-date. The company has more than 50 employees, contractors, consultants and overseas manufacturing teams.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: Ann Arbor, Michigan
Founded: 2012
Website: stratoscard.com
Twitter: @StratosCard

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TickerTags Connects Trending Social Content to Investable Companies

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

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

Our next demonstration comes courtesy of TickerTags. The company helps investors spot opportunities in the market by connecting trending themes with underlying companies and stocks:

TickerTags is a public taxonomy comprised of 250,000 keywords and phrases (tags) that are associated to 8,000 public tickers. The TickerTag library is monitored by select crowd-sourced investors who leverage their knowledge to help refine, broaden, and update tags across sector and stocks. Frequency and sentiment of tag-mentions across conventional news and social channels are historically indexed for benchmarking, comparison, charting, and alerting. The TickerTags taxonomy evolves news monitoring from view-limited tickers to social-monitored tags that serve to parse the world’s data streams without human bias.

TickerTags’ presenters: Co-founders Chris Camillo, CEO; Jordan McIain, CTO

Product Launch: May 2015

Metrics: $2M raised; 10 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed.

HQ: Dallas, Texas
Founded: August 2013
Website: tickertags.com
Twitter: @tickertags

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Ondot Systems’ CardConnect Enables Consumers and Banks to Converse in Real Time

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

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

Ondot Systems launches its CardConnect solution:

CardConnect utilizes the smartphone app and location, and transaction context, to establish an instant communication channel enabling financial institutions and consumers to converse in real-time.

• Card Issuers can notify at-risk cards to consumers and set higher level of controls
• Card Issuers can request consumers to confirm any transaction in real-time
• Consumers can initiate transaction disputes from their mobile device
• Consumers can set travel notifications, and card issuers can automatically update notifications using location tracking on consumers’ phones
• Consumers can rate transactions, and card issuers can use aggregate ratings to create personalized contextual offers

Presenter of the CardConnect solution: Vaduvur Bharghavan, CEO, Ondot

Product Launch: May 2015

Product distribution strategy: Through financial institutions

HQ: San Jose, California
Product Demoed: CardConnect
Website: ondotsystems.com

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Mitek Showcases New Mobile Photo Account Opening Capabilities

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

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

Mitek showcased its guaranteed ID authenticity validation technology:

Mitek is showing how to improve funnel metrics and double the number of accounts booked with Mobile Photo Account Opening for Mobile Web. Then we’ll showcase our new, instant, and guaranteed ID-authenticity-validation technology, which is a key to the future of mobile identity proofing.

Presenters: Michael Nelson, VP, business development; Sarah Clark, VP, product

Product Launch: Georgia, fall 2015

Metrics: Our technology is used by more than 47M users of 3,300 banks. Mitek has 60+ employees; 8,186 average web sessions per month; 2014 revenue of $19M.
Product distribution strategy: Direct to Business (B2B), through fintech companies and platforms

HQ: San Diego, California
Founded: January 1985
Website: miteksystems.com
Twitter: @MitekSystems

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MoneyAmigo Delivers Traditional Banking Products in a Non-Traditional Way

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

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

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

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

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: 3E Software, FinovateSpring 2015

This 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

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

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Hip Pocket Launches Version 2.0 of its Mortgage Comparison Platform

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

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

The 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

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

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Encap Security Integrates with Touch ID

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

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

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

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

By David Penn Posted on May 12, 2015
Categories: FinovateSpring 2015, Top Image Systems

This post is part of our live coverage of FinovateSpring 2015

Our 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

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

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DarcMatter Brings Transparency, Access to Alternative Investments

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

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

DarcMatter 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

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

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

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

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

FIS 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

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

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