Financeit ‘s USA-Compliant Platform Helps Businesses Provide Payment Plans to Customers

Financeit ‘s USA-Compliant Platform Helps Businesses Provide Payment Plans to Customers
By David Penn Posted on
Categories: FinanceIt
FIS Logo Print JPG

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

Our next presenter is Financeit. In partnership with FIS, Financeit is demoing Financeit USA Launch, making it easy for businesses of any size to boost their sales by offering payment plans to their customers.

Financeit, in partnership with FIS, is announcing the launch of, and showcasing, a USA-compliant platform. Their Finovate demo shows all of the components required to ensure processes are compliant while still providing end users with an amazing product.
Presenting: Michael Garrity (CEO), Katie Robinson (SVP Strategic Innovation), and Paul Sehr (CTO)
FinanceitHomepage_LifeBlog
Product Launch: September 2014
Metrics: Since launch, Financeit has processed over $700M in loans from more than 3,500 merchant partners. Financeit has raised over $21M in Venture Capital and currently has more than 65 employees.
Product distribution strategy: B2B Marketing, Sales and Partnerships
HQ: Toronto, ON, Canada (USA HQ: New York, NY)
Founded: January 2011
Website: financeit.io
Twitter: @financeit

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Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data

Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data
By David Penn Posted on
Categories: Ayasdi, FinovateFall 2014
AyasdiLogo_FF2014

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

Coming to the stage next is the team from Ayasdi, demoing Ayasdi Finance.

“Ayasdi’s finance application will allow capital markets businesses to automatically identify persistent relationships between market conditions and client trading-behaviors and to generate alerts based on this dynamic information. In addition, this application will be able to utilize Ayasdi’s novel mathematical framework to predict model failure and systematically update the model in states where it fails.
This application will leverage Ayasdi’s powerful platform which integrates machine learning algorithms within a topological framework. This platform gives the application its ability to generate results that take several types of data into account including, but not limited to, social data, numeric data, and the macro economy.”
Presenting: Michael Woods (Principal Data Strategist) & Max Song (Data Scientist)
AyasdiHomepage_LiveBlog
Product Launch: October 2014
Product distribution strategy: Direct to Business (B2B), Licensed
HQ: Menlo Park, CA
Founded: June 2008
Website: ayasdi.com
Twitter: @Ayasdi

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BioCatch’s Behavioral Biometrics Uses Its Invisible Challenges Mechanism to Determine User Behavior

BioCatch’s Behavioral Biometrics Uses Its Invisible Challenges Mechanism to Determine User Behavior
By Julie Muhn (@julieschicktanz) Posted on
Categories: BioCatch, FinovateFall 2014
biocatch_logo

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

BioCatch showed off its behavioral biometrics technology:
“BioCatch is a cognitive behavioral biometrics technology that tracks how users interact with web and mobile applications. At the core of the technology lies a unique, patent-pending Invisible Challenges mechanism. This mechanism is responsible for the interaction of the user with the application. 
Whenever a user interacts with an application, a subtle dynamic cognitive challenge is injected, and the user responds without being aware to the fact it was there.”
Presenting: Uri Rivner, Co-Founder & VP, Business Development & Cyber Strategy
BioCatchHomepage2
Product Launch: April 2013
Metrics: $10M raised, 25 employees
Product distribution strategy: Direct to Business (B2B), through partners
HQ: Lod, Israel
Founded: April 2011
Website: biocatch.com
Twitter: @biocatch1

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Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce

Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce
By David Penn Posted on
Categories: CrowdFlower, FinovateFall 2014
CrowdFlowerLogo_FF2014

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

Our next presenter is CrowdFlower, demoing its data enrichment platform for data scientists.

Financial statements are notoriously difficult to decipher. CrowdFlower puts an end to messy and incomplete financial services data that contributes to a poor customer experience. We are demonstrating how CrowdFlower can quickly and easily collect, clean, and label financial transaction data, from an online, on-demand workforce of over 5M contributors to help businesses provide a superior customer experience.
Presenting: Tatiana Josephy (VP Product) & Seth Teicher (Head of Content & Business Development)
CrowdflowerHomepage_LiveBlog
Product Launch: 2009
Metrics: 80+ employees, 5M contributors, 1.5B judgments completed, 7 years of work is completed in one day on the platform.
Product distribution strategy: Direct to Business (B2B), licensed
HQ: San Francisco, CA
Founded: 2009
Twitter: @CrowdFlower

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Vantiv’s Platform Gives Developers a Single, Simplified Integration

Vantiv’s Platform Gives Developers a Single, Simplified Integration
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Vantiv
This post is part of our live coverage of FinovateFall 2014.
VantivLogo

Vantiv launched TriPOS, a payment integration platform:

“Introducing the next generation of simple and secure payment integration platform solutions. The PA-DSS validated application provides software developers with a single, simplified integration. 
Compatible with a wide range of hardware devices, connects to all authorization providers, supports a comprehensive suite of transaction protocols (including EMV), and removes the business software application from PCI scope.”
Presenting: Coy Christensen, VP Product Management and Jesse Kunicki, Development Manager
VantivHomepage
Product Launch: 2014
Metrics: Public Company as of March 2012 (NYSE:VNTV), 3,300 Employees, 2013 
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: Cincinnati, OH
Founded: 40 Years of Payment Processing Innovation; became a Public Company in March 2012 
Performance: $1.17B Net Revenue and third largest merchant transaction acquirer in the USA
Website: vantiv.com 
Twitter: @Vantiv

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Sender and Privatbank Launch Sender.mobi to Bring Direct Chat Messaging to FIs

Sender and Privatbank Launch Sender.mobi to Bring Direct Chat Messaging to FIs
By David Penn Posted on
Categories: FinovateFall 2014, PrivatBank, Sender with PrivatBank
SenderPrivatbankLogo_FF2014

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

Our next presenters are Sender and Privatbank who have teamed up to launch Sender.mobi.

“People communicate with each other via chats with similar interfaces. Businesses communicate with people via Apps with various unique interfaces and UX.
Sender:
  • Creates 2-way communication between businesses and customers like in usual chat environments
  • Enables a friendly and familiar interface for customers
  • Provides the possibility for businesses to create business processes without developers or endless software/Apps updating, reducing App development work by 80%

Sender is like Google’s Search Bar with endless possibilities. It is the first messenger for businesses enabling direct chat communication with customers. Instead of tons of applications, use Sender – the last and only App.”

Presenting: Egor Avetisov (Creative Director), Maria Gurina (Deputy Head of E-Commerce), and Kristina Chaykovskaya (Head of E-Commerce)
SenderHomepage_FF2014
Product Launch: September 2014 at FinovateFall
Metrics: $1M in angel investments, 5 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: Wilmington, DE
Founded: November 2013
Website: sender.mobi

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Kabbage Launched Karrot, a Consumer Marketplace Lending Product

Kabbage Launched Karrot, a Consumer Marketplace Lending Product
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Kabbage
This post is part of our live coverage of FinovateFall 2014.
KabbageLogo

Kabbage launched Karrot.com:

“Kabbage is launching the only fully automated consumer marketplace lending product in the industry to complement its leading position in SMB lending.”
Presenting: Rob Frohwein, CEO & Co-Founder and Kathryn Petralia, COO & Co-Founder
KabbageHomepage
Product Launch: September 2014
Metrics: $106M in equity 
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), technology licensing and services
HQ: Atlanta, GA
Founded: February 2009
Website: kabbage.com
Twitter: @kabbageinc

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BlueVine Helps Companies with Lumpy Cash Flow

BlueVine Helps Companies with Lumpy Cash Flow
By Julie Muhn (@julieschicktanz) Posted on
Categories: BlueVine, FinovateFall 2014
BlueVineLogo2

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

BlueVine showed how it can provide funds for small businesses quickly to solve cash flow issues:
“BlueVine gives small businesses an advance on their invoices that they can use to cover expenses or grow their business. We integrate with the most popular cloud accounting software so SMBs can request funds with a click of a button. There is no cost to sign up, no minimum volume requirements, and no termination fees. We offer businesses both discretion over their customer relationships, and control over their financing needs.
BlueVine works with B2B companies with invoice terms of 15 to 90 days and funds invoices with a face value of $500 or more. Customer credit lines typically start between $5,000 and $15,000 and can go up $50,000. Funds can be available as fast as 24 hours, and sooner for returning customers.”
Presenting: Eyal Lifshitz, CEO and Edward Castaño, VP Operations
BlueVineHomepage
Product Launch: March 2014
Metrics: $5.5M raised, 15 employees
Product distribution strategy: Direct to Business (B2B)
HQ: Palo Alto, CA
Founded: July 2013
Website: bluevine.com 
Twitter: @BlueVineCapital

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Finovera’s Bill Management Platform Serves as a Financial Hub for Customers

Finovera’s Bill Management Platform Serves as a Financial Hub for Customers
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Finovera
Finoveralogo

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

Finovera shows off how its platform can serve as a financial hub for customers:
“Imagine Bill Management the way you have always dreamed it could be: simple, attractive, convenient, and mobile. Imagine all your bills automatically delivered to you every month in a neatly organized Inbox on your bank site so you can pay them with the click of a button effortlessly from your checking account or on the biller site with a credit card. 
Now if you are a banker, imagine being able to transform your bank site into a customer’s Financial Hub that lowers attrition, increases revenue, and reduces cost.”
Presenting: Purna Pareek, CEO and Amanda Zepeda, Marketing Manager
FinoveraHomepage
Product Launch: September 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Milpitas, CA
Founded: April 2012
Website: finovera.com
Twitter: @finovera

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EverSafe Helps Protect Seniors Against Financial Abuse

EverSafe Helps Protect Seniors Against Financial Abuse
By David Penn Posted on
Categories: EverSafe, FinovateFall 2014
EverSafeLogo_FF2014

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

Our next presenter is EverSafe, demoing the first technology-based solution to address the challenge of financial abuse of older Americans.

“EverSafe applies technology to combat elder financial exploitation. The service reviews the senior’s financial transactions and credit report activity daily and if suspicious activity is detected, an alert is sent immediately. EverSafe’s sophisticated software employs a set of rules developed specifically for seniors to comb every transaction looking for abnormalities, including unexpected patterns in spending, deposits, and withdrawals. If suspicious activity is confirmed, the resolution process begins. EverSafe tracks the remediation plan and sends follow ups to help curtail further financial exposure.”
Presenting: Howard Tischler (CEO & Founder) & Elizabeth Loewy (SVP Industry Relations & General Counsel)
EverSafeHomepage_FF2014final
Product Launch: Spring 2014 (soft launch)
Metrics: $1.5M raised, 7 employees
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
HQ: Columbia, MD
Founded: January 2012
Website: eversafe.com
Twitter: @EverSafeSeniors

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SelfScore’s Consumer Analytics Solution Introduces “Scoring as a Service”

SelfScore’s Consumer Analytics Solution Introduces “Scoring as a Service”
By David Penn Posted on
Categories: FinovateFall 2014, SelfScore
SelfScoreLogo_FF2014

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

Our next presenter is SelfScore, with its “scoring as a service” and “data as a service” approach to measuring consumers in better ways using more information.

“SelfScore.com is a consumer analytics service that uses a proprietary algorithm to combine online profiles, phone, and sensor data, psychometric questions, and 360 degree feedback from one’s network to provide insights to users and contextual information to businesses. We believe that with new advances in the social web and smartphones, it is now possible to attain a complete, timely and accurate picture of consumer behavior that benefits both consumers and businesses.”
Presenting: Kalpesh Kapadia (CEO & Co-Founder)
SelfScoreHomepage_LiveBlog
Product Launch: September 2014
Metrics: Privately funded just under $1M with a team of 8 experts, each with 10-20 years of industry experience ranging from financial services (VISA, Capital One) to tech giants (Amazon, Microsoft, VMware, Google, LinkedIn) to US military (US Cyber Command) and government (US Treasury, Consumer Finance Protection Board) to academia (Stanford and CMU PhD data scientists), currently have a working product undergoing a private beta
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Palo Alto, CA
Founded: January 2012
Website: selfscore.com
Twitter: @selfscore

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Toopher Broadens its Authentication Suite with Access, Touch, and Halo

Toopher Broadens its Authentication Suite with Access, Touch, and Halo
By David Penn Posted on
Categories: FinovateFall 2014, Toopher
ToopherLogo_FF2014

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

Our next presenter is Toopher, demoing its authentication solution that pairs enterprise class security with the location awareness of mobile devices.

“Toopher Access will allow clients to provide their customers with invisible authentication for logins and critical actions. Toopher Touch incorporates biometrics into the authentication process and Toopher Halo offers seamless deauthentication based on powerful geofencing technology. When the user leaves a specified geofence, Tooper will log them out automatically, ensuring full session security.”
Presenting: Josh Alexander (CEO & Co-Founder) & Evan Grim (CTO & Founder)
ToopherHomepage_LiveBlog
Product Launch: Q1 2015
Metrics: 20 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Austin, TX
Founded: September 2011
Website: toopher.com
Twitter: @toopher

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