Radius Raises $54.7 Million in Series C Round

Radius Raises $54.7 Million in Series C Round
RadiusLogo

Bringing Big Data to bear to help companies market to small and medium-sized businesses, Radius announced this week that it had raised $54.7 million in funding in its Series C round. The infusion of capital takes the San Francisco-based company’s total financing to more than $80 million.

The Series C was led by Founders Fund, and included participation from a host of new and existing investors:

  • BlueRun Ventures
  • Formation 8
  • Glynn Capital Management
  • Slow Ventures
  • Western Technology Investment
  • Yuan Capital
Also involved in the round were individual investors John Mack (chairman, Morgan Stanley), Charles Songhurst (former Microsoft corporate vice-president), and actor/musician Jared Leto.
RadiusHomepage
The funding will go toward on boarding additional engineering, data science, and marketing talent, as well as helping support the company’s plans to expand globally.
Radius CEO Darian Shirazi points to having a “core competency” in data science as a key differentiator between his company and its competitors, calling it “the only way to build great marketing intelligence”. A software engineer at Facebook at the age of 17, Shirazi’s approach marries proprietary data and public information to provide exacting “confidence scores” that help show which prospects are most likely to turn into actual sales. 
In real-time, Radius tracks 40 million businesses with 50 billion data points. And by providing the software with feedback on ROI and sales that actually close, the technology becomes more accurate and intelligent.
Radius demoed its technology as part of FinovateSpring 2014 in San Jose. See a video of the company in action.

Taulia Closes $13 Million in Funding from Singapore-based Economic Development Board and BBVA Ventures

tauliaLogo.jpg

In the calm between the FinovateFall and FinDEVr conference storms, we’ve received news of three recent fundings from Finovate alums. Along with BillGuard and Bionym, one more Finovate alum announced funding this week. 

Taulia, a company that provides e-invoicing services and other supplier services, such as financing, added $13 million to its round of Series D funding. New investors in the San Francisco-based company include EDBI (Singapore-based Economic Development Board) and BBVA Ventures.

Taulia has raised a total of almost $76 million since its 2009 launch. Previous funding includes:

Seed

  • Amount: $6 million/ Undisclosed
  • Closed: Unknown
  • Investor: Trinity Ventures

Series A
    • Amount: $3.2 million
    • Closed: December 6, 2010
    • Investors: Trinity Ventures, Matrix Partners, and David Wu

Series B 

    • Amount: $8.5 million
    • Closed: July 1, 2011
    • Investors: Trinity Ventures Matrix Partners DAG Ventures
Series C
    • Amount: $18 million
    • Closed: August 23, 2013
    • Investors: TELUS Ventures, Matrix Partners, Trinity Ventures, DAG Ventures, Lakestar

Series D

    • Amount: $27 million
    • Closed: July 22, 2014
    • Investors: SEB Private Equity, DAG Ventures, Lakestar, Matrix Partners, Trinity Ventures, QuestMark Partners
The new $13 million installment is the second part of its Series D round, bringing the total Series D round to $40 million. 
According to TechCrunch, Taulia will use the new funding to continue expansion into new markets.

Taulia demonstrated at FinovateSpring 2012, where it debuted its Early Payment Network.

Fintech Fundings: 17 Companies Raise $242 Million in Week Ending Sep 26

It was another stellar week in fintech fundings, simultaneously providing ammunition to those that think that private investments have peaked, while proving that it has not. The total included 2 Finovate alums: Bionym, which picked up $14 million and is scheduled to speak at FinDEVr next week and Taulia ($13 mil). Overall, the week saw 17 companies rack up a total of $242 million. 
For the month of September, a total of $770 million went into the sector (or about $600 million if you don’t classify Radius ($55 million) or Strategic Funding Source ($110 million) as fintech companies). That’s a $10 billion annual run rate. 
Radius 
Data analytics (broader than just fintech, but has significant financial focus)
Latest round: $54.7 million
Total raised: $79 milliion
Tags: Big data, marketing, analytics, San Francisco, Finovate alum
Source: Crunchbase
Chinese mobile financial app developer
Latest round: $50 million
Total raised: $60 million
Tags: Mobile, China
Source: Crunchbase
Mobile SMB invoicing technology
Latest round: $35 million
Total raised: $35 million
Tags: SMB, mobile, accounting, invoicing, Sydney, Australia
Source: Crunchbase
German B2B payments provider
Latest round: $15 million
Total raised: 
Tags: B2B, payments, Germany
Source: Crunchbase
Healthcare payments network
Latest round: $15 million
Total raised: $77 million
Tags: Payments, healthcare, insurance, Philadelphia, Pennsylvania
Source: FT Partners
Bionym (meet them at FinDEVR Oct 1)
Biometric authentication technology
Latest round: $14 million
Total raised: $15.4 million
Tags: Security, biometrics, authentication, Toronto, Canada
Source: Crunchbase
Brazilian mobile financial services and prepaid card
Latest round: $14 million
Total raised: $14 million
Tags: Mobile, PFM, prepaid card, MasterCard, Sao Paulo, Brazil
Source: Crunchbase
Cloud-based invoicing and payments for enterprises
Latest round: $13 million
Total raised: $76 million
Tags: Accounting, invoices, billpay, receivables, Finovate alum
Source: Crunchbase
Zero-commission stock trading
Latest round: $13 million
Total raised: $16 million
Tags: Investing, stocks, trading, Redwood City, California
Source: Crunchbase
Budgeting and forecasting software for SMBs
Latest round: $9.5 million
Total raised: $9.5 million
Tags: SMB, accounting, receivables, Natick, Massachusetts
Source: FT Partners
Malaysian personal finance services comparison site
Latest round: $4 million
Total raised: $6.5 million
Tags: personal finance, Malaysia
Source: Crunchbase
SMB supply-chain financing
Latest round: $2 million
Total raised: $2 million
Tags: Crowdfunding, working capital, SMB, P2P, lending, New York
Source: Crunchbase
OmnyPay (unknown URL)
Stealth payment startup
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Payments, San Francisco, California
Source: Crunchbase
French mobile POS provider
Latest round: $1.2 million
Total raised: $1.8 million
Tags: mobile, payments, SMB, POS, Paris, France
Source: FT Partners
Real estate crowdfunding
Latest round: $800,000
Total raised: $1.5 million
Tags: P2P, lending, credit, real estate, mortgage, Portland, Oregon
Source: Crunchbase

Moka

Mobile POS technology

Latest round: Undisclosed
Total raised: Unknown
Source: Crunchbase
Medical Payment Exchange (URL unknown)
Healthcare payments management for the enterprise
Latest round: Undisclosed
Total raised: Undisclosed
Tags: Healthcare, payments, insurance, Cleveland, Ohio
Source: FT Partners

Oh Bionym! Canadian Security Startup Raises $14 Milion

Oh Bionym! Canadian Security Startup Raises $14 Milion
BionymLogo_FinDEVr

In a round led by Ignition Partners and Relay Ventures, Toronto-based authentication specialist, Bionym has brought in $14 million in new funding

Bionym is the maker of the Nymi, a wearable authentication solution that uses an individual’s cardiac rhythm to provide a unique identifier that makes pass codes and PINs passé.

The Series A funding comes just days before Bionym is scheduled to demonstrate the Nymi – and the technology behind it – at FinDEVr, the first event for fintech developers, in San Francisco.
BionymNymiHomepage
Karl Martin, Bionym CEO, said that the new funding will help the company meet “manufacturing milestones” as well as help add talent to the team. Quoted in Reuters, Ignition Partners managing partner, Nick Sturiale pointed to commitments from a broad range of third-party app developers as key in helping Bionym grow the number of use cases for its wearable authentication solution.
Also participating in the round were Export Development Canada (EDC), MasterCard, and the corporate investment arm of Salesforce.com, Salesforce Ventures. Bionym’s total capital now stands at $15.4 million.
Bionym’s Nymi is an example of how innovators are looking at new ways to both make the authentication process seamless as well as take advantage of the trend toward wearables. Founded in 2011, Bionym just announced its 40th employee, and a move into new offices in downtown Toronto.
Meet the team from Bionym next week at FinDEVr. Tickets to the two-day event are available here.

FinDEVr Preview: Who’s Who on Day Two

FinDEVr Preview: Who’s Who on Day Two
FinDEVrLogo

There will be a lot going on over the course of the two day FinDEVr conference in San Francisco next Tuesday and Wednesday. You can still pick up your ticket here.

Each of the companies below will have 6 minutes on stage to show off what their tools are all about:


PaystandLogo

PayStand, an online payment solution that offers zero transaction fees

Presentation: Comparing the Strengths and Weaknesses of Different Payment Types
Card Networks (Visa/MasterCard/Amex), eCheck (ACH/Bank Network/Check21), and Digital Currency (Bitcoin/Ripple/Altcoins) all have unique advantages and disadvantages. Explore the different use cases of why each are valuable and learn how to use PayStand’s unique multi-payment network technology to build the next generation of commerce applications.
Why it’s great for developers:
 
    • Payments as a service
    • Enables merchants to accept eCash, eCheck, and credit card payments
    • Allows for no transaction fees
PayStand is an online payment solution that enables organizations to accept credit cards, eChecks, and digital currency without transaction fees.

PlaidLogo

Plaid, an API that powers fintech applications

Presentation: Plaid: API for Financial Infrastructure
Learn all about Plaid, the problems we’re solving, and the companies we power.
Why it’s great for developers: 
    • Access detailed account and transaction data from financial institutions
    • Authorize accounts for ACH and Wire transfers in seconds
    • Verify account holder information

Plaid is an API for financial infrastructure – we give developers the tools they need to build applications that interface with banks.


PrudenaLogo

Prudena is a subscription-based online community that provides value analysis to developers.

Presentation: Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.

Why it’s great for developers: 

    • Allows you to reduce the time required to perform financial statement analysis
    • Better understand risk by running simulations
    • Aggregate your investments accounts
Prudena automates the process of performing high-quality financial statement analysis–saving investors time and improving their decision-making processes.


securekeyLogo

SecureKey Technologies delivers authentication solutions for online consumer services

Presentation: Moving Away from Passwords: The Future of Digital Identity
We are first exploring some of the traditional ways to secure online access. We will then look at a more innovative approach via device anchoring and dynamic authentication that will show the audience how to strongly and uniquely identify customers with a unified solution across devices.
Why it’s great for developers: 

    • Every authentication event provides unique proof of their customer’s identity
    • Simple access with a better, more secure user experience
    • Eliminates password frustration
briidge.net Connect can provide users with the opportunity to use simpler methods that are actually far stronger than passwords and better secured.

SekurMeLogo

Sekur.me eliminates passwords by turning your phone into your digital identity. 

Presentation: Want to be secure? Eliminate passwords!
If you don’t have a password, it cannot be stolen. See a live demo of a patented disruptive technology taking security to the next level, while making login safer and simpler. And see how it can be used to secure payments and reduce shopping cart abandonment for eCommerce and mCommerce.
Why it’s great for developers: 

    • Eliminate passwords
    • Single-Click payments
    • Checkout and pay in 9 seconds
If you don’t have a password, it cannot be stolen.

SimplyTappLogo

SimplyTapp provides host card emulation

Presentation: Host Card Emulation
Overview of SimplyTapp’s HCE solution and offering.
Why it’s great for developers: 

Host Card Emulation (HCE) is the presentation of a virtual and exact representation of a card using only software.

TagCashLogo

Tagcash, a digital payments and rewards company

Presentation: TAGCASH
The importance and benefits of a platform for both users and merchants that makes use of these key features: digital wallet usage, merchant payments integration, remittance capabilities, and built-in rewards program (which includes marketing modules and advertising).
Why it’s great for developers: 

    • Digital Wallet Usage (including Remittance)
    • Rewards Program
    • Practical Advertising
Cash, Rewards, and Advertising can all be found on a single (yet multi-featured) and safe /secure platform.

TxPUSHlogo

The TxPUSH Initiative makes real time account events available to third party apps.

Presentation: Aggregation 2.0 – TxPUSH and the Evented Financial Web
TxPUSH technology is focused on aligning app user experience and FinTech industry players around the Evented Financial Web. The TxPUSH technology will improve the security model of the existing account aggregation ecosystem and promote the delivery of real-time financial transaction data to account holders in the apps they choose.
Why it’s great for developers: 

    • Eliminate third party interactions with user credentials
    • Push real time transactions to your app
    • See the launch of TxPUSH and the Evented Financial Web
TxPUSH and the Evented Financial Web deliver the framework to build secure, event driven, real-time apps for the Evented Financial Web ecosystem.

ThinknumLogo

Thinknum provides technology for financial analysts to host their financial data in the cloud.

Presentation: Thinknum: A Powerful Web Platform for Financial Analysis
Learn about Thinknum, the web platform that is changing the way that financial analysts work. Find out more about our unique data and technology that enhances the financial research process.
Why it’s great for developers: 

    • Utilize unique web data to value companies
    • Leverage web technology to enhance the research process
    • Manage user generated content
Thinknum is changing the way that financial analysts work, enabling them to manage their own content while enhancing their research processes.

TruliooLogo

Trulioo a cyber identification company.

Presentation: Trulioo’s Global Gateway
Demonstrating how Trulioo’s Global Gateway verifies a consumer’s identity within a single, unique portal. We will input a person’s first name, last name, date of birth and address to show how Trulioo verifies these attributes from our 130+ data sources.
Why it’s great for developers: 

    • Anti-Money Laundering and Know Your Customer compliant electronic ID Verification
    • Instant global address verification for ecommerce and P2P
    • Access over 3B identities
Global Gateway is the leading identity verification solution with the largest coverage in the market.

Day Two at FinDEVr: A Festival of Fintech Innovation

Day Two at FinDEVr: A Festival of Fintech Innovation
FinDEVrLogo

FinDEVr, the first event for fintech developers, is right around the corner. For the past few weeks we’ve introduced you to some of the innovators who will be presenting, demoing, and holding workshops on Day One.

Today, we’re happy to help you get to know some of the companies that will be showcasing and sharing their APIs, SDKs and more on Day Two.

There’s still time to save your spot. Pick up your tickets today and we’ll see you in San Francisco next week!


BCLLogo_FinDEVr

BCL Technologies develops APIs for Financial Text Extraction that unlock Big Data in unstructured documents and websites, enabling FinTechDevelopers to easily extract structured Financial Triplets from any source.

Presentation: Unlocking Financial Text
Explore the different use cases for BCL’s Financial Data Extraction APIs for unstructured text, to generate structured data Triplets.
Why it’s Great for Developers:
Automated Financial Extraction APIs to extract Financial Triplets
  • More Quickly
  • More Accurately
  • Without Human Intervention
Unlock Financial Text fast and with high accuracy.


BionymLogo_FinDEVr

Toronto-based Bionym is a team of experts in cryptography, biometrics, and security. Our first product is the Nymi, a wearable device that enables the user to authenticate once via unique cardiac rhythm and securely and seamlessly assert Persistent Identity to any system.

Presentation: Here I Am: Revolutionizing FI and Banking Experiences with Persistent Identity and the Nymi
Balaji Gopalan is presenting the Nymi Persistent Identity vision and User flow and will review key aspects of the SDK and Developer offering. In addition, he will propose and inspire discussion on select use cases in FinTech where the Nymi can improve engagement, security, and customer satisfaction.
Why it’s Great for Developers:
  • Increases both security and convenience
  • Enables the creation of new personalized experiences
  • Light, shallow yet robust API for all major OSes
The Nymi platform allows Users to be recognized and authenticated for service, workflows, or transactions simply by being present – completely safely and securely.


Print

Blockchain is the world’s most popular, web-based Bitcoin wallet and the most highly trafficked Bitcoin website. Blockchain is the defacto search engine for the Bitcoin community. Blockchain has over 2 million wallets and our footprint continues to grow quickly.

Presentation: Blockchain: The Core API for Bitcoin Development
Blockchain’s API’s power most of the Bitcoin companies in the ecosystem, Utilizing our APIs, you can start a Bitcoin business in minutes. From wallet creation to transaction verification, Blockchain’s APIs have you covered.
Why it’s Great for Developers:
  • Most popular Bitcoin API
  • Wallet Creation API
  • Transactions submitted with our API have fast network propagation time (3-5 seconds)
If you’re wanting to build a Bitcoin product, Blockchain is the one stop shop API for your development needs.


CrowdCurityLogo_FinDEVr

CrowdCurity is a web security marketplace. We connect businesses with security testers. We do bug bounty programs-as-a-service. Bitcoin First.

Presentation: How to Invite Hackers to Your Website
Too many websites are being exploited, and we need to rethink web security. The best way to stay secure and ahead of the bad guys is to invite good, white-hat hackers to test your security. We have made it easy to connect businesses to a crowd of security researchers.
Why it’s Great for Developers:
  • No bugs, no cost. Don’t pay for expensive consultants.
  • Leverage the knowledge of the crowd
  • Agile security around the clock


EntersektLogo_FinDEVr

Entersekt is an innovator in transaction authentication and mobile app security. Our one-of-akind approach to harness the power of electronic certificate technology with the convenience of mobile phones providing financial institutions and their customers with full protection from online and mobile banking fraud.

Presentation: Securing Mobile Applications Through Transport iLayer Diversity
Mobile security is becoming increasingly important as more functionality is shifting to these devices. But how do we ensure the integrity of the phone and the server we’re connecting to? This is a common problem and has been addressed by recommending out-of-band authentication schemes.
Why it’s Great for Developers:
  • Avoids the open Internet of SMS for user and transaction authentication
  • Provides end-to-end encrypted communication
  • Counters phishing, man-in-the-middle/browser attack
Harnessing the power of public key infrastructure, Transakt transforms almost any mobile phone into a powerful weapon in the fight against account takeover fraud.


GoogleCloudPlatformLogoFinDEVr

Google Cloud Platform enables
developers to build, test, and deploy applications on Google’s highly scalable and reliable infrastructure. This suite of services allows developers to choose from computing, storage, and application services for web, mobile, and backend solutions.

Presentation: Big Data on Google
Google has been the most innovative Big Data company in the World, having paved the way for highly distributed parallelized workflows. Technologies like Hadoop, Flume, Dremel, and HBase were made possible by Google’s research and development efforts. Now Google is outsourcing its own Big Data secret.
Why it’s Great for Developers:
  • Seamlessly scale into petabytes of data and dozens of thousands of servers
  • Simplicity and ease of use
  • Performance
Google’s BigQuery and Dataflow services are the next generation of Big Data tools, allowing you to focus on solving your Big Data problems rather than building systems.


GreenAddressITLogo_FinDEVr

GreenAddress IT is a leader in securing bit coins and providing instant clearing confirmations. It supports desktop, mobile, and web apps, and offers a very featureful and secure wallet as well as APIs to enable third party developers.

Presentation: GreenAddress: Instant and Secure Bitcoin
The presentation is introducing bit coin’s multi signature features. These features allow users to radically improve the security of bitcoin wallets, as well as create new services like instant confirmation allowing for faster arbitration between exchanges.
Why it’s Great for Developers:
  • Available for all platforms and easy to use
  • Instant confirmation for super smooth transactions
  • Vastly improved security model via multisig and two-factor authentication
GreenAddress’ API gives 3rd parties the ability to securely manage and receive instant confirmations without having to wait for transactions.


Kiind

Kiind helps businesses reward their employees and customers with gift cards., With Kiind, you can easily send personalized offers to multiple contacts, and Kiind’s technology allows you to defer when you pay for rewards and gifts, thereby saving you money.

Presentation: Making Gifting Easy
We’ll touch on Kiind’s API and where it is headed as well as our marketplace
Why it’s Great for Developers:
  • Measurable tracking and reporting
  • Branding
  • Offer a choice between gifts
Send measurable gifts and only pay for what is used. Kiind makes your gifting easy so you can focus on what you know best.


KnoxPaymentsLogo_FinDEVr

Knox Payments allows people to make ACH payments using only their online banking login information, providing the cheapest, safest, and easiest way to accept digital payments.

Presentation: ACH That Doesn’t Suck: No Account and Routing Numbers Needed
Developing ACH processing the traditional way is horrible. Your users don’t know their account and routing numbers and you don’t know if they actually have the money. Knox has solved these problems with the ease of just logging into your online banking, making ACH cheaper, safer, and easier.
Why it’s Great for Developers:
  • No account and routing numbers needed
  • No new accounts for your users
  • Guaranteed overnight funds for ACH
ACH sucks and credit cards are expensive: Knox fixes that without needing your users to create any new accounts.


masspay_black_cs5

MASSPAY is m-payments for every(f)one. If you know how to dial, you know how to pay. It’s simple and convenient. You don’t even need a smartphone with a data plan – you can use it with an NFC QR code. MASSPAY is the first solution dedicated to emerging and developed markets with minimum investment.

Presentation: Mobile Payments for Every(f)one
How to pay using a feature phone or a smartphone without any app. Why MASSPAY is a perfect solution for developed markets as well as emerging or developing countries. Why MASSPAY is for every phone and everyone.
Why it’s Great for Developers:
With MASSPAY you can process:
  • Any transaction
  • From any phone (with or without application or data plan)
  • In a single easy scenario
If you know how to make a phone call, you know how to pay. With minimum of investment and maximum of simplicity and convenience, from any phone.


MorpheusLogo_FinDEVr

Morpheus Aiolos is a company based in Spain that has developed financial software since 2012. We have two featured products: an API to extract bank transactions and a clone of Mint, which uses the API.

Presentation: API for Banking
Our API standardizes the way an application can extract information form any bank account. We’re describing how it works, with some examples.
Why it’s Great for Developers:
  • First API that works in countries where there is not a standard for banking
  • Already tested in a production environment
  • 5,000 users in Spain
We can add banks to adapt the API to other countries in a matter of days

SAP Acquires Concur Ahead of FinDEVr Debut

SAP Acquires Concur Ahead of FinDEVr Debut
ConcurLogo_FinDEVr

In a deal valued at $8.3 billion, SAP has announced that it is acquiring Seattle-area fintech innovator – and FinDEVr presenter – Concur Technologies.

There are still “i’s” to be dotted and “t’s” to be crossed: the acquisition is subject to both approval from shareholders and regulators. But assuming all goes well on those fronts, the deal is expected to close by the end of 2014 or, at the latest, in the first quarter of 2015.

ConcurSAPHomepage_FF2014
Quoted in the Seattle Times, Concur CEO Steve Singh said, “We have always been focused on making solutions for real customer problems and with SAP we have a great opportunity to advance that mission.”
The board of directors for Concur was unanimous in supporting the sale of the company, for which SAP paid $129 per share. The purchase price reflected a 20% premium on Concur’s stock price at the time.
Concur boasts more than 25,000 clients and 25 million users who take advantage of its business and travel expense management technology. Combined with SAP, it is estimated that the new entity will have in excess of 50 million cloud customers and rank as the #2 cloud company in the world by revenue.
Said Singh, “We are constantly seeking innovative ways to deliver the best customer experience, and we’re exciting about leveraging SAP technology.”
Founded in 1993, Concur is a presenting sponsor of FinDEVr San Francisco 2014, the first fintech event for developers. More information about FinDEVr is available here.

FinovateFall 2014 Best of Show Winners

FinovateFall 2014 Best of Show Winners
FF2014-BestofShow

After a busy two days at FinovateFall packed with people, some of the most innovative new technology we’ve seen, and some rather entertaining demos, the audience has spoken. 

A huge thanks to everyone who came out to be a part of our record breaking audience and cast their votes. Each attendee was able to vote for their top three favorite company demos both days, and the top seven were crowned Best of Show winners.
BestofShowTrophiesFF2014
Here they are in alphabetical order:

AnchorIDLogo_FF2014

AnchorID for its new way to log into websites and apps. One universal username logs you in with unique security.

blooomLogo_FF2014


blooom for its simple tool built to fix the millions of mis-invested 401(k) allocations for individual clients.

CrowdFlowerLogo_FF2014

CrowdFlower for its leading data enrichment platform to help data scientists, analysts, and engineers collect, clean, and label data to make it useful.

LOYAL3Logo


Loyal3 for its use of social technologies to democratize the markets, making investing in IPOs and stocks easy and affordable for everyone.

MoneyDesktopLogo

MXlogo

MX/MoneyDesktop for its WideNet Technology to help FIs expand their market reach, and its Helios cross-platform digital banking app.

NICESystemsLogo

NICE Systems for its real-time authentication that strengthens and streamlines the authentication process in real-time, while customers converse with an agent.

ToopherLogo_FF2014


Toopher for its multi-factor authentication platform that uses the location awareness of your smartphone to automate authentication for logins and critical actions.

Again, thanks to everyone who came out to the show. We’ll see you next year!

Notes on methodology:  

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
4. The seven companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners. 

EyeLock Launches USB-Powered Biometric Authentication Device

EyeLock Launches USB-Powered Biometric Authentication Device
EyeLockLogo

This post is part of our live coverage of FinovateFall 2014.

EyeLock launched biometric authentication solution, myris:
“Never type a password again– myris is a USB powered Iris Identity Authenticator that grants you access to your digital world. 
myris uses patented technology to convert your individual iris characteristics to a code unique only to you, then matches your encrypted code to grant access to your PCs, e-commerce sites, applications, and data – all in less than 1 second.”
Presenting: Anthony Antolino, Chief Marketing & Business Development Officer, and Jeff Carter, CTO
EyeLockHomepage
Product Launch: September 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY
Founded: January 2006
Website: eyelock.com
Twitter: @EyeLockCorp

Backbase Launches Backbase Engage for Regional Banks and Credit Unions, Backbase Marketplace to Connect with Vendors

Backbase Launches Backbase Engage for Regional Banks and Credit Unions, Backbase Marketplace to Connect with Vendors
This post is part of our live coverage of FinovateFall 2014.

BackbaseLogo.jpg

Backbase showed how Backbase Engage can help smaller financial institutions take control of their digital strategy, and how Backbase Marketplace can connect them with vendors:
“Backbase is launching Backbase Engage. Backbase Engage is a complete digital banking solution that’s out-of-the-box ready and designed to meet the needs of regional banks and credit unions. With Backbase Engage, banks regain control over their digital strategy. Backbase Engage’s easily extensible structure revolutionizes the traditional digital bank delivery model by empowering banks to make their own strategic choices instead of being locked in to those made by core banking vendors. 
Alongside Backbase Engage, Backbase is launching the Backbase Marketplace, an open marketplace for banks to connect with vendors who have come together to offer freedom of choice to banks and credit unions looking to regain control over their digital strategy.”

Presenting: Peter Chapman, Fintech Strategist and Jelmer de Jong, Global Head of Marketing

BackbaseHomepage
Product Launch: September 2014
Metrics: Privately funded, 200+ employees, offices in New York, Atlanta, Amsterdam, London,
Product distribution strategy: Through financial institutions, licensed
HQ: New York, NY
Founded: April 2013
Website: backbase.com
Twitter: @backbase

e-SignLive by Silanis Turns Mobile Devices into Signature Capture Solutions

e-SignLive by Silanis Turns Mobile Devices into Signature Capture Solutions
Print

This post is part of our live coverage of FinovateFall 2014.

The team from Silanis is making its way to the stage right now. Silanis will demoing its electronic signature platform, e-SignLive

The e-SignLive Use Your Own Device (UYOD) capability solves a fundamental problem in financial services and banking: how to capture a customer’s handwritten signature electronically, without asking the customer to come into the branch. This innovation enables the customer’s smartphone or tablet to be used as a signature- capture device. It does not require an app or any in-branch hardware. Banks can now make remote customer on-boarding convenient and secure with any smartphone.
Presenting: Tommy Petrogiannis (CEO & Co-Founder) & TJ Witte (Sr. Technical Consultant)
SilanisHomepage_LiveBlog
Product Launch: September 2014
Metrics: e-SignLive by Silanis processes over 600M transactions annually and is used by 8 of the top 20 North American banks. With over half of our customers in banking and lending, e-SignLive has the largest share of the e-signature market in these industries. Outstanding customer service is part of our DNA. Silanis was named 2014 and 2013 Leader in Customer Satisfaction by enterprise software review site G2 Crowd. In 2013, Silanis was awarded the IBM Beacon Award for Best Industry Solution for Banking.
Product distribution strategy: Direct to Business (B2B), via fintech companies and platforms
HQ: Montreal, Quebec, Canada
Founded: March 1992
Twitter: @SilanisTech

Linqto Launches Personal Banker to Connect Customers with Tellers

Linqto Launches Personal Banker to Connect Customers with Tellers
This post is part of our live coverage of FinovateFall 2014.
LinqtoCopy

Linqto debuted Personal Banker, a remote banking solution that connects customers with live tellers:

“Linqto Personal Banker introduces real time face-to-face conversations into banking transactions, connecting live, on-duty bank representatives with their customers. 
Linqto uses mobile technology to put the relationship back into personal banking. With live video tellers, your mobile device becomes your neighborhood branch. The customer experiences personal service with remote convenience.
Your bank employees are your most important asset. Give them the power to build stronger relationships with your digital customers using Linqto’s Personal Banker remote banking solution.”
Presenting: Dune Thomas, VP Mobile Banking Solutions and Bill Sarris, CEO
LinqtoHomepage
Product Launch: September 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: Pebble Beach, CA
Founded: January 2010
Website: linqto.com