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SaveUp Debuts its “Gummy Vitamin” of Personal Finance on an iPhone App

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, SaveUp

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

Second up this afternoon, SaveUp debuted its iPhone app aimed at helping Millennials learn about and engage with their personal finances:

“SaveUp is the first rewards program for saving money and reducing debt with the opportunity to win life-changing prizes and merchant-funded rewards. SaveUp is the “gummy vitamin” of personal finance, generating unprecedented engagement with personal finance among Millennials.

Six months after signing up, the average user links 6 – 8 accounts, and of these 20% are daily active users and 60% monthly actives. SaveUp users are engaged to learn about new financial products, seek financial guidance from CFPs, access financial education, and make better financial decisions.

Personalization is based on data. SaveUp is a highly flexible, customizable platform that drives engagement and retention in different financial service verticals. SaveUp is premiering the iPhone app at FinovateSpring 2014.”

Presenting: Priya Haji (CEO & Co-Founder) and Sammy Shreibati (CTO & Co-Founder)

Product Launch: November 1, 2011

Metrics: The average user links 6 – 8 accounts, and of these 20% are daily actives and 60% are monthly active users.

Product distribution strategy: Direct to Consumer (B2C), through financial services channels including: banks, credit unions, digital wallet, prepaid, student loan, and employee wellness

HQ: San Francisco, CA

Founded: April 2011

Website: saveup.com

Twitter: @playsaveup

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Yseop Launches its Sales Force Productivity Suite in the U.S.

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Yseop

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

First to take the stage after lunch, Yseop stepped up for the U.S. launch of its Sales Force Productivity Suite:

“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (“Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle.

YSF analyzes customer data, dialogs intelligently with the advisor or customer to gather contextual data, and produces written conclusions such as pre- and post-meeting summaries, personalized marketing communications, and prep-to-meeting documents in less than a second.”

Presenting: Elizabeth Farabee (VP Marketing) and Matt Rauscher (Consultant)

Product Launch: April 2014 (in the United States)

Metrics: Privately self-funded. Over 20 years of research. 35 employees. 30 large customers with 20,000 users in production daily in the banking & insurance industries.

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

HQ: Dallas, Texas (U.S. HQ); Lyon, France (European HQ); offices in New York, London & Paris

Founded: First commercialized as a stand-alone product in Europe at the end of 2008

Website: yseop.com

Twitter: @yseopAI

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Artivest’s Online Platform Puts Private Funds Within Reach of Average Investors

By David Penn Posted on April 30, 2014
Categories: Artivest, FinovateSpring 2014

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

Our next presenter is Artivest, presenting its online investing platform and Artivest Access funds.

“Artivest’s platform streamlines the process of investing in a private investment fund. Our online platform features a series of Artivest Access funds, which allow our members to invest in leading private funds with low minimums and transparent reasonable fees.

The Artivest team conducts extensive selection and due diligence processes, presenting only those funds that we believe to be truly exceptional. While the traditional process for investing in a private fund required days of travel and mountains of documents, the Artivest platform allows investors to access, evaluate and invest in a fund entirely online.

Once an investor has decided to commit to a particular fund, our online investment flow guides them through a seamless submission process. What’s more, we help fund managers engage more efficiently and effectively with sophisticated investors in our online community.”

Presenting: James Waldinger (CEO) and David Levine (CIO)

Product Launch: Privately launched: January 2014

Metrics: $3.4 million raised; 11 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: New York, New York

Founded: June 2012

Website: artivest.co

Twitter: @artivest

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True Link’s New Prepaid Card Helps Keep Vulnerable Seniors Safe From Predatory Fraud

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, True Link

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

Then, True Link debuted its payment card that helps shield seniors from fraud:

“Vulnerable seniors lose $100 billion a year to predatory marketing and fraud. It’s easy to trick someone with memory loss – for example, you can sell magazines just by sending a free issue then calling and saying that they are overdue to pay for a subscription.

Some of our customers spend thousands of dollars a month on magazines they never wanted. We offer a family-managed safe form of payment. When Grandma is out shopping with friends it works like any other Visa card, but if someone is trying to take her money, we decline the charge and keep her safe.”

Presenting: Kai Stinchcombe (CEO) and Claire McDonnell (COO)

Product Launch: March 2014

Product distribution strategy: Direct to Consumer (B2C), through financial institutions

HQ: San Francisco, CA

Founded: February 2013

Website: truelinkcard.com

Twitter: @TrueLinkCard

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Endeavour Partners with Zoot and Jumio to Create a Mobile Account Opening Solution

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: Endeavour, FinovateSpring 2014

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

Then, Endeavour and Zoot took the stage to demo MobileAO, a mobile account opening solution:

“Endeavour has partnered with Zoot and Jumio to create a best-of-breed mobile account-opening solution− MobileAO. This unique, powerful, and flexible solution is capable of meeting the complex and evolving business requirements of large financial institutions regarding security, ID verification, and risk management; all while delivering a simple and intuitive mobile experience to the customer.

Endeavour has integrated Jumio’s innovative ID validation and prefill capability along with Zoot’s real-time decision engine into a single mobile application and web portal, which empowers banks to open new deposit and credit accounts seamlessly and instantaneously.”

Presenting: Steven Staley (Dir. Banking & Strategic All.), Tom Johnson (VP Strategic Alliances), and Alex Johnson (Marketing Specialist)

Product Launch: April 2014

Metrics: Endeavour is a privately held company with offices in Austin, London, Bangalore, and Singapore. Backed by Singapore-based private equity firm Basil Partners, Endeavour employs over 300 employees across four countries.

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

HQ: Austin, TX

Founded: February 2008

Website: techendeavour.com

Twitter: @mobilitycompany

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LendUp Launches its RESTful API Platform to Support MultiChannel Consumer Lending

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, LendUp

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

Our next presenter is LendUp. The socially-responsible lender has earned investment from sources ranging from Google Ventures to Kleiner Perkins.

“LendUp is proud to enable partners to leverage the first RESTful API Lending Platform. We have exposed the same core platform that has built and launched LendUp’s diverse suite of consumer lending products and channels – a fully compliant mobile, web, or custom integration for consumer lending with a focus on market solutions to subprime or payday lending.”

Presenting: Sasha Orloff (CEO & Co-Founder) and Jacob Rosenberg (CTO & Co-Founder)

Product Launch: FinovateSpring 2014

Metrics: $20 million raised from Y-Combinator, Google Ventures, QED Investors, Data Collective, Andreessen Horowitz, Kleiner Perkins, Kapor Capital, Thomvest Ventures, SV Angel & Startfund

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

HQ: San Francisco, California

Founded: November 2011

Website: lendup.com

Twitter: @LendUpLoans

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Personal Capital Launches One Click Investment Proposals to Make Advisors’ Jobs Easier

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Personal Capital

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

Then, Personal Capital took the stage to launch its One Click Investment Proposals:

“Traditional financial advisors have to manually collect, process, calculate, and report back on a prospect’s financial situation to generate a strategy for presentation. Personal Capital combines its award winning account aggregation and customer-facing user interface with a back office that allows our financial advisors to generate 90% of a proposal with one click, saving hundreds of advisor hours per month and allowing us to make our service both more personal and scalable.

Once the proposal is created, the advisor can present and drive the discussion through our own remote sharing capability, viewable on any device.”

Presenting: Bill Harris (CEO) and Jim Del Favero (Chief Product Officer)

Product Launch: April 2014

Metrics: Over $50M raised to date, over 100 employees, over $4M in revenue from over $450M in AUM, growing 10% month over month, over 500,000 registered users who track over $60B of assets using our software.

Product distribution strategy: Direct to Consumer (B2C)

HQ: Redwood City, CA

Founded: July 2009

Website: personalcapital.com

Twitter: @PersonalCapital

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Rippleshot’s Anti-Fraud Solution Scans the Network to Detect Data Breaches at the Point of Sale

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, Rippleshot

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

Rippleshot is up next, unveiling their security solution for protecting both the integrity of consumer credit data and the merchant payment network.

“Rippleshot technology scans credit card transactions across the entire payment network profiling merchant transactional behavior and looking for suspicious patterns. When fraudulent activity occurs on the network Rippleshot can quickly sort through hundreds of millions of credit card transactions to quickly identify the compromised point of purchase that all the fraudulent cards have in common. Since fraudulent spending with compromised cards takes place over weeks and months, quick detection helps banks reissue cards and stop fraud before it occurs, thereby saving over 25% in potential fraud losses.”

Presenting: Canh Tran (CEO & Co-Founder) and Lucas Ward (COO & Co-Founder)

Product Launch: April 2014

Metrics: $500,000 bootstrapped & 8 employees

Product distribution strategy: Direct to Business (B2B), through financial institutions, through payment processing partnerships with merchants

HQ: Chicago, Illinois

Founded: June 2013

Website: rippleshot.com

Twitter: @RippleAlerts

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Venovate Launches the Venovate Marketplace to Create Efficiency in Alternative Investments, Announces Investment from Studio 9+

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Venovate

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

Third up in today’s second session, Venovate launched the Venovate Marketplace:

“Venovate Marketplace is an online platform that makes investing in and fundraising for private securities faster and more efficient.

Our platform offers investors access to the broadest, most diverse set of alternative investment opportunities: private equity, natural resources, venture capital, infrastructure, hedge funds, and real estate.

All members – both buyers and sellers – are put through a rigorous screening process to ensure that investors are qualified and that fundraisers present complete, transparent information.

Investors can search for investment opportunities, get questions answered, indicate interest, receive acceptance, sign documents electronically, and close the transaction – all on a single platform.

Venovate is the smarter alternative for investing and fundraising.“

Additionally, Venovate is announcing that Studio 9+ has invested in Venovate’s initial round and plans to use Venovate Marketplace for its fundraising activities in the future.

Presenting: Michael Raneri (CEO), Thomas Foley (President), and Michiel de Boer (Head of Prod., UX & Mktg)

Product Launch: April 2014

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

HQ: San Francisco, CA

Founded: April 2013

Website: venovate.com

Twitter: @venovate

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Fiserv Brings Mobiliti Banking to Wearable Devices

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Fiserv

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

Next, Fiserv brought its Mobiliti banking and payments solution to wearables:

“The Mobiliti™ mobile banking and payments solution from Fiserv currently offers ubiquitous alerts and notifications through in-session messages, secure messages, e-mail, SMS, and push notifications.

This new innovation extends notifications and actionable alerts to wearable computing devices, allowing the user to receive alerts wherever they are, on whatever device they prefer, and to take action on it.”

Presenting: Andrew Barnett (Sr. Mobile Sol. Consultant) and Gregory Jones (User Experience Architect)

Metrics: $4.81B revenue in 2013, 21,000 associates worldwide, 14,500 financial institutions and business clients worldwide

Product distribution strategy: Through financial institutions

HQ: Brookfield, WI

Founded: July 1984

Website: fiserv.com

Twitter: @Fiserv

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New Technology from Spreedly Turns its Credit Card Vault in the Cloud into an Industry API for Consuming Card Data

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, Spreedly

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

Spreedly is on its way to the stage right now. The company is launching its Payment Method Distribution & Card-on-File Updater.

“Prior to today, Spreedly could take a stored card and pass it against a Spreedly integrated payment gateway. With today’s announcement three new things are happening. Firstly, customer’s can create their own end points to which they want to pass cards. No more relying on Spreedly to do the work. Secondly, those end points can be more than just payment gateways. Think of it as an industry API for consuming card data (hotel, ticketing, restaurant, and transportation). And thirdly, customers can use Spreedly to automatically update cards across 60+ gateways, which means no more lost revenue from lost or expired cards.”

Presenting: Justin Benson (CEO) and Brendon Prebble (Business Development)

Product Launch: April 2014

Metrics: We have raised $1 million in angel funding, have 150 customers, and are processing approximately 160,000 successful CC transactions (worth around $15 – 20 million in top-line revenue) monthly on our platform

Product distribution strategy: Direct to Business (B2B)

HQ: Durham, North Carolina

Founded: January 2008, hard pivot in March 2013

Website: spreedly.com

Twitter: @spreedly

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ID.me Launches Solution that Seamlessly Identifies Affiliate Groups at the Brick and Mortar Point of Sale

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, ID.me

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

Last up in this first session, ID.me launched its solution that ties affiliate groups with loyalty at the physical point of sale:

“ID.me enables consumers to tie authoritatively verified identity attributes (e.g. Military, Student, Teacher, Corporate Employee, Membership Group) to a medium of payment in order to eliminate the need for additional loyalty or identity credentials at checkout.

Through partnerships with major players in the payments space, ID.me provides brands with an omnichannel solution that captures the identity attributes of their customers in a privacy-enhancing, user-centric manner.”

Presenters: Blake Hall (CEO & Co-Founder) and Matthew Thompson (COO & Co-Founder)

Product Launch: April 2014

Metrics:

Financing: $16M
Federal Grants: $2.8M
Employees: 29
Revenues (Run Rate): $4M
Registered Users: 475,000

Product distribution strategy: Direct to Consumer (B2C), Direct to Business to Consumer (B2B2C)

HQ: Tyson’s Corner, VA

Founded: February 2010

Website: ID.me

Twitter: @IDme

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