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INETCO Analytics Helps FIs Maximize Omnichannel Engagement with Customers

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

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

INETCO Systems demoes next with its analytics platform to help FIs make the most of omnichannel customer engagement.

INETCO Analytics provides financial institutions with the game-changing knowledge of where, when and how customers interact with their channels. This application makes it easy for business managers to instantly access the transaction data they need to drive consumer banking engagement strategies and deliver greater profitability across all banking channels.

INETCO presenters: Marc Borbas, VP, product marketing; Dallas Pretty, CFO

Product Launch: January 2015

Metrics: Privately funded; 35+ employees; 100% revenue growth per annum since 2012; global customer base of more than 50 banks, payment processors, telco providers and retailers.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed

HQ: Burnaby, British Columbia, Canada
Founded: June 1984
Website: inetco.com
Twitter: @INETCOAnalytics

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Dynamics Teams Up with MasterCard to Launch a New Level of Card Authentication

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

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

Dynamics presented its new authentication system that eradicates card compromise, skimming and other fraud:

Dynamics produces and manufactures intelligent, powered cards such as advanced payment cards. The company’s commercial applications are the world’s first fully card-programmable payment interfaces (stripe, EMV, NFC) for use in next-generation payment cards.

Presenters: Jeff Mullen, CEO and founder of Dynamics; Pete Kaulbach, senior business leader of global consumer products for MasterCard

HQ: Cheswick, Pennsylvania
Founded: 2007
Website: dynamicsinc.com

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TrueAccord Introduces White-label Version of its Automated Debt Recovery Platform

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

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

TrueAccord demonstrates the white-label version of its debt-recovery platform.

After offering its services as a branded, third-party collection service, TrueAccord now makes its automated platform available as a white-labeled, SaaS solution. Lenders, issuers, retailers, and debt collectors will now be able to harness the power of true digital, machine-learning-driven communication with their customers and the increased response, recovery and customer satisfaction that come with it. TrueAccord is showcasing the debtor experience as well as the flexibility of controls and data feedback a company can get when it uses TrueAccord’s platform for its debt-collection needs.

Presenters: Ohad Samet, CEO; Nadav Samet, CTO

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

HQ: San Francisco, California
Founded: N.A.
Website: trueaccord.com
Twitter: @trueaccord

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SmartAsset Gives Users Tools to Navigate Complex Financial Situations

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

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

SmartAsset showed how it helps users understand complex financial information:

We’ve launched a revamped version of our site that allows the user to navigate through our tools more easily and bring an increased layer of transparency to our recommendations. The new format provides a simpler, more intuitive understanding of how the complex financial decisions users are about to make will impact their finances and lives.

Presenters: Michael Carvin, CEO and founder; Chris Spadafino, VP of sales

Metrics: SmartAsset has raised over $7M and is backed by investors including Y Combinator, Javelin Venture Partners, North Bridge Venture Partners, Quotidian Ventures, Peterson Ventures and more.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Twitter: @SmartAsset
Website: smartasset.com

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DoubleNet Pay Takes the Stress Out of Managing Day-to-Day Finances

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

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

DoubleNetPay is demonstrating how its technology helps consumers save money:

DoubleNet Pay’s easy-to-use software automatically tracks employees’ bill amounts and due dates and seamlessly schedules payments around their paycheck cycles, leaving employees with an exact amount for discretionary spending—without the headaches or guess work. It also automatically sets aside money for savings, helping employees prepare for unexpected expenses and budget for recurring needs. Plus, it takes the stress out of managing day-to-day finances and gives employees peace of mind knowing their bills are paid on time. The remaining pay will go where it has always gone before (bank account, pay card, or paper check) on time, directly from the employer.

Presenters: DoubleNet Pay Co-founders Brian Cosgray and Cody Laird

HQ: Atlanta, Georgia
Founded: December 2013
Website: doublenetpay.com
Twitter: @doublenetpay

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DRAFT Uses Crowdsourcing to Analyze Investment Strategy

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

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

DRAFT showcased its mobile investment analysis tool:

Draft is a crowdsourced investment analysis tool that changes the way people view, think and act when it comes to their long-term investment strategy. DRAFT connects directly to a user’s various bank and investment accounts to show them how the performance, asset allocation, and annual fees of their portfolio compares to that of top performers in their category. Through a simple side-by-side comparison, the user can quickly find opportunities to fill allocation gaps and lower fees. DRAFT makes it easy for users to switch to a better long-term strategy through its strategic online investment partners.

Presenters: Co-founders Brad Lawler, president; Jason St Peter, CEO

Product Launch: May 2015

Metrics: $650,000 Seed round; 10 employees; pre revenue, 4,000 and growing user waitlist
Product distribution strategy: Direct to Consumer (B2C)

HQ: Austin, Texas
Founded: October 2014
Website: draftapp.com
Twitter: @draftinvest

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Prairie Cloudware Previews its Payments Gateway that Helps Banks Deliver Digital Services

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

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

Prairie Cloudware is demonstrating its Digital Payments Guardian:

Prairie Cloudware’s Digital Payments Guardian (DPG) is a powerful gateway that interconnects payment applications like mobile wallets, banks and emerging token service providers. It provides financial institutions with the ability to deliver secure, convenient, easy-to-use digital payment services to their customers through their existing digital banking channels. The DPG solution utilizes the existing payment infrastructure, leverages the trust related to payments that consumers place in financial institutions and places those institutions in direct control of the payments relationship maintained with consumers. It is a SaaS-based solution that utilizes a cloud-based infrastructure.

Presenters: Doug Parr, chief revenue officer; Mike Carter, chief marketing officer

Product Launch: June 2015

Metrics: $5M+ raised to date
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed

HQ: Omaha, Nebraska
Founded: December 2012
Website: prairiecloudware.com
Twitter: @PrairieClouds

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SizeUp Gives FIs Business Intelligence Tools to Help Reengage Customers

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

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

The team from SizeUp is launching its business intelligence platform for financial institutions.

SizeUp FI (Financial Institutions) is a new service that enables FIs to provide their customers with valuable business intelligence directly through the FI’s own website, SizeUp provides FIs:

Consistent reengagement with customers through “sticky” data services
Stronger partnerships with business customers by helping them succeed with Big Data insights they previously couldn’t afford or understand
Introduction to the FIs relevant products and services through SizeUp’s tools at specific decision-points of the customer’s business lifecycle
New value FIs can provide outside of “me too” FI business offerings
Multiple versions of SizeUp FI enabling the FI to provide its own custom implementation

SizeUP FI presenters: Anatalio Ubalde, CEO, co-founder; Thomas Barron, VP business development

Product Launch: April 2015

Metrics: N.A.
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: San Francisco, California
Founded: September 2011
Website: sizeup.com
Twitter: @sizeupbusiness

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Yodlee Launches Recommendations Engine that Uses Behavioral Psychology

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

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

Yodlee showed off how it is using behavioral psychology and data to personalize recommendations and advice:

At Yodlee, we believe there is massive potential to change and shape financial habits and behaviors leveraging data, analytics, & progressive engagement to encourage good behaviors – making it easier to say yes (to saving) than no. Our newest innovation embraces behavioral psychology & data clustering to automate chores, make personalized recommendations & provide actionable advice.

Research demonstrates that feelings matter when it comes to selling financial products, so helping people feel good about their finances & meet their personal goals means expansive value to financial providers. Yodlee’s latest innovation capitalizes on key data-driven insights to fundamentally change the digital banking experience.”

Presenters: Katy Gibson, VP, product applications; John Bird, VP, product marketing; David Lee, chief marketing officer

Product Launch: May 2015

Metrics: Yodlee (Nasdaq: YDLE) is a global financial technology leader with 800+ customers, 64 issued U.S. patents, millions of users, and more than 900 employees worldwide.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other companies

HQ: Redwood City, California
Founded: February 1999
Website: yodlee.com
Twitter: @yodlee

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LendingTree Launches its Personalization Platform to Help Consumers Save

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

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

Our next presenter is LendingTree with its personalization platform to help consumers save.

My LendingTree is a personalization platform with a dashboard to view all credit-related accounts. Using a proprietary, intelligent savings and recommendation engine, LendingTree alerts consumers when an opportunity emerges to save money, based on real-time data on the LendingTree network.

My LendingTree presenters: Nikul Patel, CTO, CPO; Gabe Dalporto, CMO, president

Product Launch: May 2015

Metrics: Employees: 220; Market Cap:$496.53M; stock price: $47.00 per share as of market close 2/25/15, up over 35% year-over-year; partnerships: more than 350 active lenders, including Wells Fargo, Prosper Marketplace, Lending Club, Quicken Loans, Discover, and more. To date, we’ve facilitated more than 35M loan requests and almost $300B in closed-loan transactions.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed.

HQ: Charlotte, North Carolina
Founded: N.A.
Website: lendingree.com
Twitter: @LendingTree

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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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