FinovateSpring 2014 Sneak Peek: Part 3

FinovateSpring2014ButtonLogo.jpg

This week’s sneak peek of FinovateSpring 2014 features everything from account opening to loan underwriting, and is just a small selection of items we’ll see in San Jose on April 29 and 30. Get your ticket here to satisfy your fintech hunger.

If you missed the two installments from last week, you can catch them here:


Crealogix.jpg

CREALOGIX, the Swiss market leader for digital banking and e-learning platforms, presents its comprehensive digital banking suite with a seamlessly integrated e-learning management system.
Features:
    • Provides contextual compliance where needed
    • Supports client advisors and enhances quality of advice 
    • Enables effortless learning combined with rewards (gamification)
Why it’s great:
The CREALOGIX digital banking suite with integrated e-learning management system offers clear added value for both sides: banks and their clients.  
Presenters:
Geraldine Critchley, Head Product Marketing

Critchley is responsible for mastering the digital mindset of the next generation online banking and dealing with all inbound/outbound marketing activities concerning digital banking.
LinkedIn

Ivan Inderbitzin, Senior E-Learning Author
Inderbitzin writes innovative online staff trainings for financial, medical and other industries. He taught at universities in Australia and likes asking questions.
LinkedIn


D3 Banking is a single solution that delivers a LodoSoftwareD3Logo.jpg

comprehensive set of digital banking services to any digital device replacing disparate online and mobile point solutions.
Features:
    • Omnichannel – one solution for any digital channel
    • Innovative money movement – contextual user experience, least cost routing
    • Powerful customer data analytics for personalized marketing
Why it’s great:
D3 Banking is an omnichannel, data driven, digital solution that lowers cost, decreases complexity and personalizes the customer experience.  

Presenters:
Mark Vipond, CEO
Vipond has been in the FinTech industry for almost 30 years beginning his career as a systems engineer at IBM and most recently serving as president and COO of ACI Worldwide.
Kevin O’Kane, CPO
O’Kane has 25 years experience in the industry including serving as Director, Professional Services at Harland Financial Solutions.

EndeavourLogo

Endeavour and Zoot’s mobile account opening solution meets consumers’ evolving expectations and banks’ complex fraud and risk management requirements.

Features:

    • Beautiful mobile interface, intuitive customer experience
    • Secure, compliant, & robust ID verification & risk management
    • Business user web portal to manage any feature with no app-store redeployment
Why it’s great: 
Endeavour has partnered with Zoot to deliver the most sophisticated mobile account opening solution in the industry.  
Presenters:
Steven Staley
Staley is a Consulting Executive, Entrepreneur, and Business Owner with 10+ years in the banking Industry. He oversees Endeavour’s Banking Practice and Global Strategic Alliances while smiling daily.
Tom Johnson, VP of Strategic Alliances at Zoot 
With over 30 years of experience in technology, Johnson is Zoot’s “Chief Idea Guy”; responsible for developing new partnerships and solutions concepts.
LinkedIn

JumioLogo.jpg

Jumio is a next-generation payments and ID software-as-a-service company that utilizes proprietary computer vision technology to reduce mobile payment friction and ID fraud.

Features:
    • Turns customer’s mobile device into an ID scanner
    • Personal data is populated into forms in seconds
    • Increases your sign-up and shopping cart completion rates  
Presenters:
Michael Orlando, Chief Sales Officer
Orlando heads up Jumio’s worldwide sales and business development efforts and brings over 20 years of high-growth company experience to this role.
Anthony Lanham, Senior Vice President, Sales
Lanham started his career with Dun and Bradstreet. He spent 10 years at D&B companies in several sales and sales management roles. In 2001 while at D&B RMS he pioneered the idea of outsourced credit.

VisibleEquitySmall

Visible Equity provides innovative and easy-to-use software that helps financial institutions analyze the risks and opportunities in their lending data.

Features:
    • Uses advanced modeling to estimate race/gender
    • Calculates expected pricing, denial rates, etc. using multiple variables 
    • Provides easy to interpret indicators of likeliness of disparate impact 
Why it’s great:
It’s unlikely a financial institution ever knowingly discriminates, but now proving you are treating all borrowers fairly can be as simple as clicking a button.  

Presenters:
Matthew Court, VP of Sales & Marketing 
Court oversees all sales, marketing, and corporate communications.
David Gilbert, COO 
Gilbert is at the forefront of marketing, business development, and new product research.
LinkedIn


Stay tuned later this week when we’ll feature six more companies.

Bottomline Technologies Buys Andera for $48 Million

andera.jpg

Innovations in customer onboarding may be one of the less glamorous niches in financial technology. But there’s no denying the value of meeting your customers on the channel of their choice.

This is the thinking that helps explain Bottomline Technologies’ purchase of financial software-as-a-service specialist Andera.

In a deal valued at $48 million ($44.5 million in cash and just over 100,000 shares of stock valued at just over $35 per share), Bottomline sees its acquisition as a way of helping its digital banking clients “grow revenues and compete and win” in the words of Norm DeLuca, General Manager of Banking and Financial Services for Bottomline.

Of Andera’s virtues, none is more vivid than its oFlows platform, which the company purchased in 2011. The Best of Show winning technology (FinovateSpring 2010) makes customer onboarding and account opening easier for banks and credit unions whether customers are accessing their financial institution online, in-person, or through a mobile device. Most recently, the company made headlines with a software upgrade enabling mobile photo capture of data on driver’s licenses.
Andera was founded in 2000, and is headquartered in Providence, Rhode Island. The company has helped its more than 500 banking and credit union clients process more than 4.5 million online account applications. American Banker called Andera one of its “Top 10 Tech Companies to Watch” in 2012. Charlie Kroll is founder, president, and CEO.

Finovate Alumni News– April 1, 2014

  • Finovate-F-Logo.jpgNBC Chicago hosts Bolstr to discuss crowdfunding and SMB growth.
  • Actiance’s Socialite gets new features for better UX on native websites & more integrations w/ CRM platforms.
  • FIS’ licensing agreement to make the Visa EMV debit solution available to all NYCE debit network participants.
  • Truphone is offering unlimited voice and SMS recording through June.
  • Misys launches new Regulatory Reporting Service to help managers and banks meet EMIR regulations.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

ID Analytics Launches ID Score 9.0, Partners with ThreatMetrix and Others

idanalytics.jpg

Today, San Diego-based ID Analytics launched the newest version of its flagship fraud detection platform, ID Score.

This newest release improves the effectiveness of the company’s existing identity fraud detection by:

    • Providing more insight into consumer behavior
    • Uncovering the risk level of the user’s device
    • Finding associations between device usage and fraudulent occurrences

As a part of this effort, it has partnered with device authentication and intelligence providers, including ThreatMetrix, to incorporate their risk assessments into the consumer’s ID score itself.

The end result, ID Score 9.0, is a fraud assessment that is composed of both identity and fraud risk.

ID Analytics demonstrated My ID Alerts at FinovateSpring 2011 and ThreatMetrix debuted its Fraud Prevention 2.0 at FinovateStartup 2009.

Zopa Lending Reaches £500 Million Milestone

Thumbnail image for Thumbnail image for zopa.jpg

Two months after reaching a new funding milestone, UK-based peer-to-peer lender Zopa is announcing another: the company has now lent more £500 million ($833 million) since launch in 2005.

“By cutting out the banks and offering returns of 5% … we are rewarding people for being sensible with their money,” Zopa CEO Giles Andrews said.

“Lending the next £500 million shouldn’t take another nine years as we expect to reach £1 billion lent in the next 12 months.”

This latest news from Zopa comes with a insightful set of fresh metrics:
  • Total loans: more than 90,000
  • Total active savers: 52,000
  • Total active borrowers: 70,000
  • Average loan: £5,500 ($9,170)
  • Average lender/saver age: 48
  • Smallest loan: £10 ($17)
  • Largest loan: £1.3 million ($2.2 million)
  • Three-year default rate: 0.17%
  • Total interest paid: £30 million ($50 million)
How are borrowers using their loans from Zopa? In 2013, 40% of all loans went toward auto purchases (£86 million).  Borrowing for home improvement and to pay off existing debt were also popular destination for funds borrowed via Zopa (£39 million and £36 million, respectively, or $65 million and $60 million).
The largest peer-to-peer lender in the United Kingdom, Zopa is based in London and has a staff of more than 50. Recently profiled in The Guardian, the company was voted “Most Trusted Personal Loan Provider” in the Moneywise Customer Awards for four years in a row.

Finovate Alumni News — March 31, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThreatMetrix CTO Andreas Baumhof discusses the need for new authentication strategies for retailers.
  • NBC Chicago interviews Larry Baker, co-founder of Bolstr, on the basics of crowdfunding.
  • Trustly named to 2014 Red Herring Top 100 Europe award.
  • The Real Money Story reviews Jemstep.
  • Top Image Systems and Konica Minolta Spain partner to market eFLOW Invoice and Digital Mailroom business automation projects.
  • Upstart Business Journal looks at how developments from payment startup PayNearMe match up against big players.
  • A look at Xero’s new integration with Square.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Updated: ThreatMetrix Raises $20 Million in Funding

Thumbnail image for Thumbnail image for ThreatMetrix.jpg

We’re still waiting to hear word from the company, but according to an SEC filing uncovered by Venture Beat, anti-cyberfraud specialist ThreatMetrix just raised $20 million in new funding. 

This rivals the company’s last round from two springs ago in 2012, and takes ThreatMetrix’s total capital to more than $56 million.

In an interview with CIO magazine, ThreatMetrix CEO Reed Taussig discussed how his company uses Big Data and context-based authentication to help companies move beyond VPNs, hardware tokens, and one-time passwords. Instead, ThreatMetrix technologies analyze data ranging from information about employee devices to “transactional or application context.” 

This network of data is key to ThreatMetrix’s effectiveness. Said Taussig, 
“Rather than deriving decision data from a single enterprise, ThreatMetrix customers share anonymous data globally. This increases the perspective, quality, and value of the data while driving down the cost of the  enterprise.”
2014 has been a good year for ThreatMetrix. The company won most Innovative Anti-Malware Appliances Solution and Best Product Network Access Control Solution at the 2014 Cyber Defense magazine awards. ThreatMetrix took home bronze in the 2014 Global Excellence Awards in the Most Innovative Company of the Year (Security) competition.
Founded in 2005, ThreatMetrix is headquartered in San Jose, California, and has offices in New York City, Hong Kong, Sydney, and The Netherlands.
ThreatMetrix is one of Finovate’s oldest alums, demoing their technology as part of FinovateStartup in 2009.
Update: In a piece published today at The Paypers, we get some additional information – and some interesting metrics – about ThreatMetrix.
  • The funding came as part of a Series E round
  • The round was led by Adams Street Partners
  • ThreatMetrix analyzes more than 500 million transactions daily
  • ThreatMetrix’s technology secures more than 160 million active user accounts, covering 2,500 customers, and 10,000 websites.

Finovate Alumni News– March 28, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMambu wins Cloud Computing Innovation of the Year awards at 2014 FStech Awards.
  • eToro launches new version of OpenBook.
  • Nostrum Group ranked 9th in GP Bullhound’s Northern Tech 50.
  • Global Payments to offer MasterCard’s MasterPass digital payments solution.
  • New partnership means V&D customers will be able to pay via Klarna.
  • Innotribe interviews Kantox’s CEO, Philippe Gelis.
  • The Financial News features BehavioSec.
  • BBVA and Google sponsor developer competition for SME business apps geared toward Spanish, Latin American markets.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring 2014 Sneak Peek: Part 2

Thumbnail image for FinovateSpring2014ButtonLogo.jpg

This year’s return to California for FinovateSpring will feature both new and old faces, as innovative startups make their fintech debuts and established veterans continue to remind us all that they’ve still “got it.”

Maybe your interests in FinovateSpring lie in something specific like security or mobile payments. Or maybe you are just looking forward to taking in all that this year’s crop of FinovateSpring presenters has to offer. 

Whatever your fintech appetite, we think you’ll find our Sneak Peek series a helpful way to get to know the entrepreneurs that will be taking the stage next month in April.

So today we introduce you to another set of six companies: Interactions, Kreditech, Market Prophit, Personal Capital, Yseop, and ZenPayroll. And if you missed the first installment of our FinvoateSpring 2014 Sneak Peek series, click here.

Thumbnail image for InteractionsLogo.jpg

Interactions Corporation is the only truly conversational, self-service solution to move more activity to self-service and free up agents for higher order tasks.
Features:
  • Delivers a fully unstructured, open-ended conversation between businesses and their customers
  • Understands with an unrivaled 95% accuracy in both speech and text
  • Deploys in 12 to 18 weeks
Why it’s great: We put customers first by engaging them in a free form dialogue, allowing them to solve problems quicker, and with less effort.
Phil Gray
Responsible for leading business development. Phil is a successful startup executive with extensive experience in natural language understanding and contact center technologies. 
Dan Fox, Marketing Manager

Kreditech uses Big Data and complex machine-learning algorithms to enable faster, better, and more sustainable credit decisions.
Features:
  • Developing self-learning, self-calibrating Big Data scoring
  • Building the “Amazon for consumer lending”: 24/7, always and everywhere available lending platform
  • Innovative FinTech products
Why it’s great: Based on Big Data scoring, Kreditech is building a centralized and global online lending service for innovative consumer finance products.
Sebastian Diemer, Co-Founder and CEO
Started building one of the most innovative global Big Data technology companies in 2012. Today, Kreditech is innovation leader in Big Data scoring.
Alexander Graubner, Founder and CTO
Combines cloud-based big data infrastructure and machine learning to build the world’s consumer scoring technology.

Market Prophit empowers every investor with real-time intelligence into what’s moving the market by quantifying global, financial-related conversations in social media.
Features:
  • Real-time sentiment and buzz in stock-related social media chatter
  • Identify the “mavens” in the “crowd” with our quantitative blogger ranking system
  • Track stocks and bloggers you care about
Why it’s great: Klout + Morningstar for social media financial influencers
Igor Gonta, CEO
Extensive experience on Wall Street in sales and trading, and brings that to the intersection of Big Data and finance.

Thumbnail image for PersonalCapitalLogo9.11.jpg

Personal Capital’s One Click Investment Proposals enables our advisors to efficiently analyze prospective clients’ finances and deliver investment recommendations tailored to their unique needs.
Features:
  • Advisors generate 90% of a client’s portfolio with one click
  • Clients see their complete & up-to-date household financial data and a comparison of their existing portfolio to an optimal one
Why it’s great: We’re making it digital – while keeping it personal.
Bill Harris, CEO
Has spent his career dragging the financial industry into the 21st century. He’s developed financial technology for 25 years – including as CEO at Intuit and PayPal.
Jim Del Favero, CPO
Has spent his career designing and building consumer financial software. Before Personal Capital he was head product manager for Quicken at Intuit.

Thumbnail image for YseopLoLogo.jpg

Yseop is natural language generation software based on artificial intelligence that boosts sales productivity and turns each financial advisor into an expert without additional training.
Features:
  • Yseop automates the sales process from lead generation to the writing of pre-to-meeting reports, customer follow-up and personalized marketing communications — automatically.
Why it’s great:
Yseop turns data into text, leads into clients, and salespeople into experts. Double your sales force productivity overnight with the power of artificial intelligence.
Elizabeth Farabee
Has a background in inbound and direct marketing. She is passionate about Yseop’s personalized marketing potential in both the B2C and B2B markets.
Matt Rauscher
Is a consultant at Y
seop. He lived nine years in the United States, and graduated with a Master’s Degree in Finance.

Thumbnail image for zenpayrollLogo.jpg

ZenPayroll is modern, delightful payroll. Our mission is to make payroll as simple and intuitive as possible using the principles of modern software.
Features:
  • Makes payroll as simple and intuitive as possible
  • Helps business owners build stronger teams
  • Empowers employees by enabling them to be equal stakeholders
Why it’s great: Payroll should be about people, not payments. ZenPayroll is unearthing the human side of compensation currently buried under layers of complexity and government bureaucracy.
Joshua Reeves, CEO and Co-Founder
Believes in the power of software to solve complex problems, and founded ZenPayroll to deliver delightful, modern payroll to businesses everywhere.

Stay tuned for the next edition of our Sneak Peek series coming next week.

Realty Mogul Raises $9 Million in Round Led By Canaan Partners

Thumbnail image for RealtyMogulLogo.jpg

CEO and co-founder of Realty Mogul, Jilliene Helman, said that her goal was to “bring the $11 trillion commercial real estate market into the 21st century.”

Thanks to Canaan Partners, the real estate crowdfunding startup now has $9 million more to help make that happen.

Calling her innovation “democratization of deal flow”, Helman’s company saw growth of more than 400% in the six months since July, and now has more than 6,000 accredited investors using Realty Mogul’s platform. And this deal with Canaan Partners arguably helps put Realty Mogul in the same conversation with other crowdfunders that have attracted venture capital interest such as CircleUp.
Total capital raised by Realty Mogul now stands at approximately $10 million.
realtymogulhomepg.jpg
Hrarch Simonian, a principal at Canaan Partners who also sits on the Realty Mogul board of directors, compared what Realty Mogul is doing for real estate investing to what another Finovate alum is doing for retail lending. “Realty Mogul will be the next disruption in a massive asset class just like Lending Club has been for the consumer credit market,” he said.
In addition to recently celebrating the first anniversary of its launch, Realty Mogul announced just a few days ago that crowdfunders using the platform had invested in more than $100 million worth of real estate. In a note to investors, CEO Helman noted this and stressed a commitment to technology going forward, saying the company has budgeted more than $2 million toward developing Realty Mogul’s proprietary technology.
Founded in May 2012 and headquartered in Los Angeles, Realty Mogul made its Finovate debut at the spring show in 2013. See a video of the company on stage here.
And for more information about our upcoming FinovateSpring 2014 event, click here.

Finovate Alumni News– March 27, 2014

  • Finovate-F-Logo.jpgTSYS partners with Virgin Money to provide consumer credit processing services for UK customers.
  • Cachet Financial Solutions appoints Darin McAreavey as EVP and CFO.
  • Prosper to cross the $1 billion mark in personal loans originated through its platform next week, hosts giveaway.
  • Tech Zulu interviews Trustev after the company’s win at SXSW Accelerator.
  • Jumio to help form Identity Security Network with eight leading Bitcoin exchanges.
  • InComm’s corporate B2B store enables retailers to streamline management of corporate gift card sales.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Last Chance for FinovateSpring 2014 Early-Bird Tickets! Register Now to Save!

FinovateSpring 2014 is only five weeks away and the event is on pace to be the largest Finovate event to date. After our sold-out London event in February, we are projecting over 1,400 innovators will descend on Silicon Valley on April 29th and 30th to watch the future of financial and banking technology debut live!

If you would like to join that audience and discover the latest fintech innovations before your competition does, please register before this Friday March 28th in order to lock in your seat AND the early-bird discount.

If it makes it any easier to commit, here is a small sample of the amazing organizations that will be in attendance:

  • Altimeter Group
  • American Savings Bank
  • ATB Financial
  • Bank of the West
  • Bankers Trust
  • BBVA Ventures
  • Bessemer Venture Partners
  • BlackRock
  • C1 Bank
  • Canadian Imperial Bank of Commerce
  • Capital One
  • Celent
  • Celtic Bank
  • Charles Schwab
  • Chase Paymentech
  • CIBC
  • Citi Ventures
  • City National Bank
  • Commerce Bank
  • Commonwealth Bank
  • Consulate General of Canada
  • CFPB
  • Credit Suisse
  • Credit Union Times
  • Digital Insight
  • Discover
  • E*TRADE
  • EverBank
  • Experian
  • Federal Reserve System
  • Fidelity
  • Filene
  • First Data
  • First Republic Bank
  • FirstBank
  • FIS
  • Fiserv
  • Foundation Capital
  • FTV Capital
  • Fujitsu Research
  • General Atlantic
  • H&R Block
  • Hyundai Capital
  • IBM
  • Intel Capital
  • Intuit
  • Jack Henry
  • Jyske Bank
  • Lazard
  • Lexis Nexis
  • Lightspeed Venture Partners
  • MassMutual
  • Mastercard
  • Maybank
  • McKinsey & Co
  • Mergermarket
  • Mohr Davidow
  • Moody’s Analytics
  • Morningstar
  • Mountain America CU
  • NCR
  • NEA
  • New York Life
  • North Hill Ventures
  • U.S. Dept. of Treasury
  • Oracle
  • PNC Bank
  • Principal Financial
  • Sberbank Venture Capital
  • Scotiabank
  • Silicon Valley Bank
  • Stanford University
  • Swedbank
  • TD Ameritrade
  • The Vanguard Group
  • TowerGroup
  • Transamerica
  • TransUnion
  • U.S. Bank
  • USAA
  • VentureBeat
  • Visa
  • Wells Fargo
  • West Point Bank
  • Western Union

Please don’t delay! Tickets are selling fast so please be sure to register now to make sure you get a seat!

FinovateSpring 2014 is sponsored by: The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, Life.SREDA and Xignite.

FinovateSpring 2014 is partners with: Aite Group, Bank Innovators CouncilBankersHub, Bay Area Fintech Startups, BayPay Forum, California Bankers Association, Government of Canada, Celent, Filene, Hotwire PR, Javelin Strategy, The Paypers, SME Finance ForumVisible Banking, & Western Independent Bankers.