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CR2 Demoes BankWorld Money Voucher’s Cash Send App

By David Penn Posted on September 24, 2014
Categories: CR2, FinovateFall 2014

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

Our next presenter is CR2, demoing the Cash Send application of its BankWorld Money Voucher platform.

“CR2 is demonstrating the BankWorld Cash Send application at Finovate. Cash Send is a truly omnichannel product recently deployed. It allows people to instantly send cash to any individual from a mobile app; this cash is instantly dispensed from an ATM without the recipient needing an ATM card or indeed a bank account of any type. It significantly lowers the cost of remitting funds to any individuals outside of the classic banking system.”

Presenting: Kieran Kilcullen (Director, Sales & Marketing) & Patrick Simons (Principal Consultant)

Product Launch: 2013

Metrics: Over 100 banks in 60 countries have adopted CR2’s solutions. CR2 has a network of well-established offices strategically located in 6 countries: Ireland, Australia, India, South Africa, UAE, and Jordan.

Product distribution strategy: Direct to Business (B2B), licensed

HQ: Dublin, Ireland

Founded: 1997

Website: cr2.com

Twitter: @CR2_Ltd

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Malauzai Software Unveils its Mobile Banking SmartApps for Community FIs

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, Malauzai Software

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

Finishing off the second session of the morning is Malauzai Software, demoing its SmartwebApps.

“Designed for an exceptional user experience with superior economic value, SmartwebApps delivers the next generation of mobile banking, leveraging the power of an app-like experience on any device, desktop, or browser.”

Presenting: Robb Gaynor (Chief Product Officer & Founder), Danny Piangerelli (CTO), and Craig Agulnek (Director, Product Management)

Product Launch: September 2014

Metrics: Based in Austin, TX, Malauzai Software has more than 50 employees and 300 customers (190+ live), representing more than 400,000 SmartApp users and 500,000 downloads

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

HQ: Austin, TX

Founded: July 2009

Website: malauzai.com

Twitter: @malauzaimonkeys

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Thinknum’s Collaboration Tools Help Analysts Build Better Financial Models

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Thinknum

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

Thinknum showed how it helps financial analysts build better financial models:

“There are many financial technology corporations that specialize in writing data to users. However, as financial analysts, we saw firsthand how there is no software to manage and leverage the content we created. So we built Thinknum, enabling analysts to take advantage of collaboration tools and cloud computing to build better financial models.”

Presenting: Justin Zhen, Co-Founder

Product Launch: December 2013

Metrics: $1M raised, 3,500 analysts on the platform

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

HQ: New York, NY

Founded: December 2013

Website: thinknum.com

Twitter: @thinknum

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Knox Payments Leverages ACH to Deliver Cost-Effective, Speedy Online Transactions

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, Knox

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

Knox Payments is our next presenting company. Knox leverages the ACH network to facilitate transactions online.

“Knox Payments facilitates payments for merchants online, allowing them to transact with their customers/users, who never have to create accounts or enter their bank routing and account numbers, let alone input their address and other information when transacting online. End users simply log in to their online banking to make a payment, and we instantly verify their account, all for just $0.18/transaction (paid by the merchant). Knox means less cart abandonment, more security, and increased conversion. all while saving on payment processing fees.”

Presenting: Thomas Nicholas, President & Co-Founder

Product Launch: February 2014

Metrics: Raised $1,555,000 to date; 25 employees (13 in United States and 12 in India); 70 customers (and adding more each day)

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

HQ: Richmond, VA

Founded: February 2014

Website: knoxpayments.com

Twitter: @KnoxPayments

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Rippleshot Demoes its Cloud-Based Technology to Detect Bank Card Data Breaches

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, Rippleshot

This post is part of our live coverage of FinovateFall 2014

Next to the stage is anti-fraud innovator, Rippleshot.

“Rippleshot’s sophisticated web user interface allows card issuers to spot breaches early, view trends in compromised card spends, efficiently reissue compromised cards, and deploy real-time declines rules to stem the losses in the meantime. The merchant portal gives ADT-like alerts so merchants can stop their breach sooner and have time to prepare their response to the public.”

Presenting: Randal Cox (Chief Scientist & Co-Founder) & Lucas Ward (CTO & Co-Founder)

Product Launch: April 2014

Metrics: $800,000 raised, 10 employees; $500,000 revenues

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

HQ: Chicago, IL

Founded: June 2013

Website: rippleshot.com

Twitter: @Rippleshot

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Behalf Unveils its Proprietary Credit Scoring Solution for Small Business

By David Penn Posted on September 24, 2014
Categories: Behalf, FinovateFall 2014

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

Making its way to the stage next is the team from Behalf to demo its Vendor Platform.

“We are showing the value of our platform to vendors through a simple demonstration of how easy it is for a vendor to pre approve his customers, onboard them, and offer them the Zazma credit line they need.”

Presenting: Benjy Feinberg (CEO) and Andrew Abshere (Director, Product)

Product Launch: August 2014

Metrics: $10M, 25 employees

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

HQ: New York, NY

Founded: 2011

Website: behalf.com

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WingCash’s Electronic Wallet Combines Payments and Promotions with Digital Currency

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, WingCash

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

As we near the midpoint of our second session this morning, our next presenter is WingCash. WingCash provides an innovative system of electronic wallets that combine payments and promotions with digital currency.

“WingCash will demonstrate how to use a cloud-based, smart wallet to 1) make purchases using any internet enabled device while at retail locations using US currency, eGift, ePromo, and eRewards cash, and 2) send and receive US currency, eGift, ePromo, and eRewards cash to family or friends.”

Presenting: Bradley Wilkes (CEO & President), Steve Curtis (VP & Director, Sales), and Vilash Poovala (CTO)

Product Launch: December 2010 – US Currency, July 2013 – Branded Cash

Metrics: Privately funded, 10K+ wallets

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

HQ: Lehi, UT

Founded: November 2009

Website: wingcash.com

Twitter: @wingcash

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Larky’s Web+Mobile Loyalty Platform Helps Financial Institutions Drive Non-Fee Income and Increase Wallet Share

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, Larky

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

Larky is next, demoing its unique web+mobile platform that helps financial institutions boost loyalty, reduce churn, drive non-fee income, increase wallet share and support local businesses.

“Our turnkey system sends users location-based and FI-branded smartphone alerts when they are physically near a merchant discount. Users save $1,000 or more every year, with no behavioral changes. Larky helps you deliver significant added value to your audience so they never again wonder if they should be banking somewhere else. Top of wallet, top of mind.

We are unveiling our new Android app along with our new white-label mobile and web option.

Presenting: Andrew Bank (Co-Founder) & Gregg Hammerman (Co-Founder)

Product Launch: June 2013

Metrics: $2.3M; 12 employees

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

HQ: Ann Arbor, MI

Founded: January 2012

Website: larky.com

Twitter: @getlarky

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Hoyos Labs Introduces the Mobile App for its Identity Assertion Platform

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, Hoyos Labs

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

Our next presenter is Hoyos Labs, demoing the Mobile App of the HoyosID Identity Assertion Platform.

“Our mobile app is finally putting an end to the frustration that comes with usernames, passwords, and PINs. This app leverages a user’s smartphone to acquire his or her biometrics, which conveniently and securely replaces log-in information for all their favorite websites.”

Presenting: Hector Hoyos (Founder, Chairman & CEO)

Product Launch: October 2014

Metrics: 102 employees

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

HQ: New York, NY

Founded: December 2013

Website: hoyoslabs.com

Twitter: @hoyoslabs

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Cachet Financial Solutions Debuts Select MobileMoney

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: Cachet Financial Solutions, FinovateFall 2014

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

Cachet Financial Solutions demonstrated how financial institutions can offer their prepaid cardholders a mobile app:

“Cachet’s Select MobileMoney enables financial institutions to offer their prepaid cardholders a full suite of financial services in one easy-to-use mobile application. Expedited bill pay, remittance, card to card transfer, mobile deposit and other key financial services are available to the prepaid cardholder anywhere and anytime, eliminating the inconvenience and cost of accessing multiple providers for everyday financial services.

A key differentiator, Select MobileMoney’s powerful backend analytic tools enable prepaid card providers to monitor mobile app usage, segment cardholders based on behavior and keep them engaged by sending push notifications with relevant marketing offers linked to their behavior.”

Presenting: Youri Bebic, SVP Mobile Innovations and Kimberly Timmons, Relationship Manager

Product Launch: October 2013

Metrics: More than $35M raised since inception, 58 employees, went Public in July 2014

Product distribution strategy: Through financial institutions, through other fintech companies and platforms

HQ: Minneapolis, MN

Founded: 2010

Website: cachetfinancial.com

Twitter: @CachetFinancial

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Matchi’s Platform Hosts Innovation Challenges to Encourage Collaboration with Banks

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: Uncategorized

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

Matchi demonstrated how its platform connects innovators and bankers:

“Matchi is a global innovation matchmaking platform that has rapidly gained momentum in the world fintech market with both innovators and banks. The Matchi platform enables innovators to showcase latest, market ready innovations, and for banks to source these innovations from anywhere in the world.

Member banks cannot only see innovations from around the world, but also can post innovation challenges to the Matchi innovators community. Moreover, Sponsor Banks (all non-competing) on the Matchi platform are encouraged to collaborate and share innovations, as well as enjoy first viewing rights to innovations as they are logged.”

Presenting: David Milligan, CEO, Matchi, Warren Bond, Co-Founder, Matchi, and Simon Jenkins, Director, Advisory Services, KPMG

Product Launch: November 2013

Metrics: 30 Member Banks signed up since launch, 3 Sponsor Banks, New Innovations logged daily

Product distribution strategy: Direct to Business (B2B)

HQ: Central, Hong Kong

Founded: November 2013

Website: matchi.biz

Twitter: @matchibiz

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Yodlee Launches Solution to Help FIs Take Advantage of APIs

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Yodlee

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

Yodlee launched APInnovation:

“Application Programming Interfaces (APIs) are the rage, but if you’re a financial institution – or a company with complicated systems and data connections – then taking advantage of APIs can be daunting or even impossible. Yodlee is changing that with a single API and customized developer portal, built for each customer, and exposable to developers in a secure and compliant way.

With the data, the API, and the tools to build and create, financial institutions are free to innovate with speed and agility. For example, enabling consumers to “invest their change” in stocks – a cool new idea, and a big win for institutions AND consumers.”

Presenting: John Bird, Product Marketing, Yodlee; Jon Petz, Product Evangelist, Yodlee; and Avi Lele, CEO, Stockpile

Product Launch: September 2014

Metrics: Yodlee is a global financial technology leader with 750+ customers, 64 US patents, millions of users, and more than 900 employees worldwide. From leading financial institutions to Fortune 500 Internet companies to the coolest startups, Yodlee powers the services shaping today’s digital customer experiences.

Product distribution strategy: Direct to Business (B2B)

HQ: Redwood City, CA

Founded: February 1999

Website: yodlee.com

Twitter: @Yodlee

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