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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Six Trees Capital Introduces its Cash Management Solution, MaxMyInterest

Six Trees Capital Introduces its Cash Management Solution, MaxMyInterest
By David Penn Posted on
Categories: FinovateFall 2014, MaxMyInterest
MaxMyInterestLogo_FF2014

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

Making its way to the stage next is Six Trees Capital introducing MaxMyInterest, a way of helping investors dynamically allocate their cash in an optimal manner to maximize returns on cash and FDIC insurance.

“MaxMyInterest is a new automated cash management solution that helps depositors earn more on their cash balances via their existing checking account and online savings accounts. Max’s patent-pending technology platform uses proprietary algorithms to help ensure cash is dynamics allocated to the member’s banks offering the best interest rates at any given point in time. Max also helps keep cash below the FDIC limits at each bank. Max includes other powerful cash management tools, including monthly cash sweep and Intelligent Funds Transfer (SM) technology, which makes managing a portfolio of online bank accounts as simple as ‘checking’ and ‘savings’.”
Presenting: Gary Zimmerman (CEO & Founder) & Richard Wu (Director, Engineering)
MaxMyInterestHomepage_LiveBlog
Product Launch: April 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, licensed
HQ: New York, NY
Founded: July 2013
Twitter: @maxmyinterest

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Business Centric Services Group’s Modular Approach Gives Clients Flexibility

Business Centric Services Group’s Modular Approach Gives Clients Flexibility
By Julie Muhn (@julieschicktanz) Posted on
Categories: Business Centric Services Groups, FinovateFall 2014
BCSGLogo

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

Business Centric Services Group (BSCG) demonstrated how its EE Business apps allow for customizable solutions for individual clients:
“Winning and working on a deal with the UK’s largest Telco has recently demonstrated how we have created a cutting edge platform that allows banks and Telcos to offer value added services to their small businesses. 
The modular approach taken creates a competitive advantage for us. It means that clients can pick and choose from a menu of features to decide which modules they want to have, making the platform completely ‘tailorable’ for individual clients. The platform also offers further flexibility and customization that many businesses are looking for.”
Presenting: John Davis, Managing Director and Andrew Garney, Commercial Manager
BSCGHomepage
Product Launch: June 2014
Metrics: Our business app market now reaches over 4M small businesses worldwide; hundreds of thousands of SMBs have subscribed to our platforms. The company has quickly grown from 10 employees to 110, with 30% of this staff growth coming in the past 12 months. Our revenue has shown a 56% increase from 2012 to 2013 and a further 40% in 2014.
Product distribution strategy: Through financial institutions, through other fintech companies and platforms
HQ: London, UK
Founded: April 2008
Website: bcsg.com
Twitter: @BCSGcloud

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With the mCASH Network, Customers Use Their Phone Number to Pay

With the mCASH Network, Customers Use Their Phone Number to Pay
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, mCASH
This post is part of our live coverage of FinovateFall 2014.
mCASH debuted its mobile transaction network:
mCash_logoff2014
“We offer real-time, person-to-person transactions with your mobile phone number as the destination address and a funding source of your choice. You can charge your bank account, debit or credit card, pre-paid balance, or a line of credit. Furthermore, mCASH enables merchants to accept payments in any channel using the hardware they already have, including mobile merchants using a smartphone.
The underlying payments engine, running on Google App Engine, is the core of mCASH. The payments engine handles several thousand transactions per minute, advanced fraud and AML prevention, complex transaction processing, and ensures API based secure and real-time communication between FIs, off and online merchants, and end users.”
Presenting: Daniel Døderlein, CEO & Founder and Anders Nicolai Bakke, COO
mCASHHomepage
Product Launch: March 2014
Metrics: Operating under a EU E-money license, $9.5M in funding (seed/series A), 25 employees, several high profile customers and partners
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Oslo, Norway
Founded: January 2010
Website: mca.sh 
Twitter: @PaywithmCASH

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TickSmith Seeks to Disrupt Financial Data Management Using Big Data Platforms

TickSmith Seeks to Disrupt Financial Data Management Using Big Data Platforms
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, TickSmith
This post is part of our live coverage of FinovateFall 2014.
TickSmithLogoNew

TickSmith debuted TickVault and FIXVault:

“TickSmith is presenting its TickVault and FIXVault financial big data platforms. TickSmith’s platforms provide specific solutions to participants in the brokerage and trading ecosystem, from exchanges to financial institutions, vendors, and regulators. Offered as cloud services and managed platforms, these solutions are disrupting financial data management practices and providing new opportunities to exploit financial data. 
TickSmith’s customers and partners use these platforms as data distribution portals, add ons to trading networks, management and analytics tools, and in compliance applications.”
Presenting: Francis Wenzel, CEO and David Côté, CIO
TickSmithHomepage
Product Launch: August 2013
Metrics: Over a Petabyte of financial data under management
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: Montreal, Quebec, Canada
Founded: November 2012
Website: ticksmith.com 
Twitter: @TickSmith

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Misys’ FusionBanking Helps Banks Communicate Better with Their Customers

Misys’ FusionBanking Helps Banks Communicate Better with Their Customers
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Misys
MisysLogo

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

Misys launches FusionBanking:
“We provide innovative best-in-class digital banking technology for financial institutions. Our solutions focus on adding value, driving new sales and building customer advocacy. By using the most innovative techniques including gamification, geo-location and social media integration you can exceed the expectations of your customers today and in the future.”
Presenting: József Nyíri, Director, Innovation & Digital Channels LABS, Tamás Grünzweig, VP & Head of Innovation, Digital Channels LABS, and Viktor Balint, Head of Customer Insight & Evangelisation, Digital
MisysHompage
Product Launch: November 2014
Product distribution strategy: Through financial institutions
HQ: New York, NY
Founded: 1979
Twitter: @MisysFS

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WorkFusion Launches its Active-Learning Automation Technology Pairing Machine Learning with Crowdsourcing

WorkFusion Launches its Active-Learning Automation Technology Pairing Machine Learning with Crowdsourcing
By David Penn Posted on
Categories: FinovateFall 2014
WorkFusionLogo_FF2014

This post is part of our live coverage of FinovateFall 2014

Our next presenter is WorkFusion, demoing their Active-Learning Automation solution.

Finding opportunities to automate is hard, building algorithms is harder, and maintaining effective automation is hardest. WorkFusion solves these problems by actively tracking human work for patterns and training algorithms to follow them. When data sources or formats change, the platform reengages human workers to retrain algorithms, delivering adaptable, unbreakable automation.
Presenting: Max Yankelevich (CEO) & Adam Devine (VP Product Marketing)
WorkFusionHomepage_FF2014
Product Launch: September 2014
Metrics: Seven of the top 10 financial data providers use WorkFusion to build and refresh data products, leading FIs use WorkFusion for high-volume data work, $23M raised in total (Mohr Davidow: $15M series B in February 2014, iNovia: $5M series A, Greycroft and RTP Ventures: $2.3M seed), 68 employees, NYC HQ, GigaOm’s #1 rated crowd management platform, on American Banker’s Top 10 FinTech Companies to Watch, SIIA CODiE nominee in 2 categories.
Product distribution strategy: Direct to Business (B2B)
HQ: New York, NY
Founded: June 2010
Twitter: @crowdcomputing1

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