Blog - Page 887 of 1198

Yodlee Launches Tandem App Internationally

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: FinovateAsia 2013, Yodlee

This post is part of our live coverage of FinovateAsia 2013.

Next, Yodlee took the stage to debut its Tandem app:

“Most people have multiple “shared finances” in their life. Spouses. Children. Elderly parents. Accountants. Advisors. Friends. So Yodlee is introducing Tandem – the first collaborative financial app that lets users securely establish and manage their social financial relationships.

From tagging transactions, to sharing documents, to sending money, to collaborating with advisors and accountants, Tandem gives users the power to establish financial circles based on levels of trust and account sharing access. And Tandem gives financial institutions the ultimate mobile banking app.”

Presenting Katy Gibson (VP, Applications) and Melanie Flanigan (Head of Marketing)

Product Launch: November 2013 (international)

Metrics: Yodlee is a global financial leader with 600+ customers, 50M+ users, and more than 700 employees worldwide. From leading financial institutions to Fortune 500 consumer service companies to the coolest startups, Yodlee powers innovative digital services shaping the future of customer interactions. With 25%+ year over year revenue growth, Yodlee continues to expand in existing and new markets globally.

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

HQ: Redwood City, CA, USA

Founded: February 1999

Website: yodlee.com

Twitter: @yodlee

Share this:

Send Post Twitter LinkedIn Facebook

Pixeliris’ CopSonic Uses Sonic Communication to Create a Universal, Contactless Mobile Payment Solution

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: FinovateAsia 2013, Pixeliris

This post is part of our live coverage of FinovateAsia 2013.

Then, Pixeliris stepped up to demo its universal mobile payment solution:

“CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.

Our technology also allows the use of phones and smartphones for online passwordless authentication. It turns mobile devices into security dongles.

We have developed an SDK with our technology that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”

Presenting Emmanuel Ruiz (CEO & Head of Innovation) and Brian Roeten (Senior Product Manager)

Product Launch: September 2013

Metrics: €210,000 in capital, 11 employees in France & 50 engineers around the world

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

HQ: Montauban, France

Founded: April 1989

Website: copsonic.com

Share this:

Send Post Twitter LinkedIn Facebook

SaaS Markets Presents the MarketMaker Enterprise App Store Platform

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, SaaS Markets

This post is part of our live coverage of FinovateAsia 2013.

Our second presenter of FinovateAsia 2013 is SaaS Markets. The team from San Mateo is here to show the MarketMaker Enterprise App Store Platform for Financial Companies.

“SaaS Markets’ MarketMaker Enterprise app store platform allows financial companies to deploy a fully branded app store containing your proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications.”

Presenting Jay Manciocchi (Director of Content) and Cameron Ministri (Enterprise Sales Manager)

Product Launch: January 2013

Metrics: Funding: $3.5M (private); employees: 20+ (U.S. & Europe); revenues: confidential, but fully profitable

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

HQ: San Mateo, California, USA

Founded: November 2011

Website: SaaSMarkets.com / saasmarkets.com/news-2/blog

Twitter: @SaaSMarkets

Share this:

Send Post Twitter LinkedIn Facebook

Kofax’s Solution Uses Multiple Channels to Enhance the Underwriting Process

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: FinovateAsia 2013, Kofax

This post is part of our live coverage of FinovateAsia 2013.

Next, Kofax showed how its omni-channel solution accelerates and enhances the underwriting process:

“Kofax is demonstrating how lenders can engage borrowers directly on mobile devices enabling them to interact with the loan origination process. Specifically when loans are not in good order and trailing documents are required, the solution engages customers providing them multiple channels to accelerate and supply the complex underwriting process.

While mobile is the preferred channel, an omni-channel approach is realized using web, email, or fax. Additionally as these supporting documents are processed, analytics technology provides real-time dashboards and visibility across channels of customer engagement and adoption highlighting patterns, trends, bottlenecks, and efficiencies for right channeling customers and improved decisions.”

Presenting Drew Hyatt (SVP Mobility) and Dimitri Snowden (Visual Strategist)

Product Launch: March 13, 2013

Metrics: Subsidiaries: 30 countries, Employees: >1,200, Channel Partners: 800+, Products: Available in 70+ countries, Customers: 20,000+, London Stock Exchange: KFX, Revenue: $262.5M, Adjusted EBITA: $48.5M, Adjusted Diluted EPS: $0.38, Cash: $81.1M

Product distribution strategy: Direct to Business (B2B)

HQ: Irvine, CA, USA

Founded: 1985

Website: kofax.com

Share this:

Send Post Twitter LinkedIn Facebook

Payoneer’s Commercial Account Gives Businesses and Individuals Global Access to Their Funds

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: FinovateAsia 2013, Payoneer

This post is part of our live coverage of FinovateAsia 2013.

Then, Payoneer debuted its commercial account:

“The Payoneer commercial account offers businesses and individuals worldwide the ability to receive funds from a global network of corporate companies. Account holders have a variety of tools to access their funds, including low cost withdrawals to bank accounts worldwide, a Prepaid Debit MasterCard card that enables instant spending and ATM access, and options to transfer funds to local eWallets in select countries.

The account can be managed from the Payoneer website or from a mobile application. Registration for the account is available via Payoneer’s website or directly from the website of companies that form the Payoneer commercial funds transfer network.”

Presenting Oded Zehavi (Chief Revenue Officer)

Product Launch: October 2013

Metrics: 200+ employees, 1,000 Alexa, $40M+ in revenues for 2012

HQ: New York, NY, USA

Founded: 2005

Website: payoneer.com

Twitter: @Payoneer

Share this:

Send Post Twitter LinkedIn Facebook

LifePAD Pledges a Personal Online Bank Manager in Every Tablet

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, LifePAD

This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Moscow-based LifePAD.

“LifePAD gives every customer an opportunity to have a personal online bank manager in his tablet that can be reached with any question 24/7.”

Presenting Alexey Mikhaylik (CEO) and Marina Lapshina (Coordinator)

Product Launch: January 10, 2013

Metrics: Private funding $6M, life-pad.ru launched in 2013

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

HQ: Moscow, Russian Federation

Founded: October 2012

Website: life-pad.ru

Share this:

Send Post Twitter LinkedIn Facebook

Matchi Debuts its Global Innovation Community

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: FinovateAsia 2013, Matchi

This post is part of our live coverage of FinovateAsia 2013.

Second up, Matchi launched its global innovation community platform:

“A global community innovation platform for the financial services industry that offers market ready banking innovations from across the globe and collaboration opportunities that have the potential to save the banks millions of dollars in development costs.”

Presenting Warren Bond (CEO, Matchi) and Gerrit Hoekstra (Chief Technology Officer)

Product Launch: November 14, 2013

Metrics: Privately owned company with 10-50 employees

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

HQ: Hong Kong, China

Founded: 2013

Website: Matchi.Biz

Twitter: @matchi.biz

Share this:

Send Post Twitter LinkedIn Facebook

Red Zebra Analytics Presents its Analytics Engine to Boost Customer Engagement

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, Red Zebra

This post is part of our live coverage of FinovateAsia 2013.

The first presentation of FinovateAsia 2013 is about to begin. Red Zebra Analytics are coming to the stage right now to demo the Red Zebra Analytics Engine.

“Suitable for any banking system, the Red Zebra Analytics platform is secure, fast, flexible and highly cost efficient. It maps consumer purchase behavior in detail, yet keeps the data entirely safe, with no individual customer identification ever leaving the bank. Retailers pay to upload campaigns via a simple interface while state-of-the-art predictive analytics deliver the right offer to the right customer at the right time and through the right channel. And for bank customers, it’s a way to save money on things they actually want.”

Presenting Manuel Ho (COO) and Nell Omar (MD)

Product Launch: May 2012

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

HQ: London, United Kingdom

Founded: August 2011

Website: redzebra-analytics.com

Share this:

Send Post Twitter LinkedIn Facebook

Majulah Fintech! Finovate Returns to Singapore

By David Penn Posted on November 12, 2013
Categories: FinovateAsia 2013

One of the world’s busiest ports, a leading global financial center, and featuring the third highest per capita income in the world … is there any wonder why we are back in the sovereign city-state known as “Lion City” for FinovateAsia 2013?

There are less than 24 hours to go before the curtain goes up on our second show ever here in Singapore, and presenters are busy putting the final touches on their demos.

When

Registration opens at 8:00 AM and the first demo session starts at 9:00 AM, so be sure to come early and get your seat before the first session.

Where to Go

Walk, bus, drive, or cab to the MAX Atria @ Singapore Expo (1 Expo Dr. Singapore 486150). If you’re unable to make it, there are still a couple of different ways to enjoy the show:

Live Blog

As we do at every Finovate event, the Finovate research team will be posting all day long, live, from the MAX Atria at Finovate.com.

We’ll document each and every presentation in real time, highlighting the innovations, key metrics, and business strategies that will help bring the benefits of the latest in financial technology to banks, businesses, and consumers around the world.

Live Tweet

And for those who prefer their FinovateAsia updates in 140 characters or less, the Finovate Twitter feed is the place to be. Follow us at @Finovate, and use the #Finovate in your tweets to take part in the conversation.

Presenters

This year, 36 companies will demo a wide range of fintech innovations ranging from security and lending to mobile payments and asset management. Below is a look at the startups and veteran enterprises that will be presenting at this year’s event.

Everything you want to know about FinovateAsia 2013 is available at our FAQ page here. And, as always, feel free to email your questions to us at info@finovate.com. We are grateful for your support and can’t wait to see you here in Singapore.

Share this:

Send Post Twitter LinkedIn Facebook

Bill.com Rakes in $38 Million in Series E Funding from Long List of Investors

By Julie Muhn (@julieschicktanz) Posted on November 12, 2013
Categories: Bill.com, Funding

Bill.com, the company that brings online invoice, cashflow management, and bill pay solutions to its 275,000 users announced today that it raised $38 million in Series E funding.

Among the many investors in this round are:

American Express
August Capital
Bank of America
Fifth Third Capital
Peter Knight, founder of CheckFree (acquired by Fiserv in 2009)
Scale Venture Partners

This funding, combined with Bill.com’s previous rounds, brings the Palo Alto-based company’s total funding to over $70 million.

Bill.com, which manges more than 10 million bills per year worth more than $12 billion, will use the new installment to enhance its growing banking channel and accelerate its payments network.

Bill.com demonstrated its CashView product at FinovateSpring 2012.

Share this:

Send Post Twitter LinkedIn Facebook

Alternative Lender LendUp Raises $14 Million in New Funding

By David Penn Posted on November 12, 2013
Categories: LendUp

LendUp has secured $14 million from Google Ventures and QED Investors to help consumers with little to no credit gain access to short-term capital. This latest round brings LendUp’s total funding to more than $18 million.

LendUp provides an alternative to the kind of high-interest loans which are often the only recourse for those in underbanked communities. The company provides loans of up to $1,000 annually with rates as low as 29% APR. Additionally, the loans come free of rollover charges and have no hidden fees.

The company’s technology includes algorithms that help target those lenders who are most likely to repay their loans. This allows LendUp not only to provide loans to those unable to borrow from traditional sources, but also to do so at a reasonable cost to the borrower and reasonable risk to the lender.

More than just a provider of affordable short-term financing, LendUp encourages socially responsible lending through its LendUp Ladder program. The LendUp Ladder program is geared toward helping borrowers build their credit through a combination of small dollar/short-term loans (typically up to $250 for up to 30 days) and educational resources on managing credit.

LendUp was most recently in the news courtesy of its partnership with Corduro (FS2013) to provide loans to help cover medical expenses. LendUp also launched a program to provide instant online loans earlier this year, the first company in the U.S. to offer such a service.

LendUp demoed its technology at FinovateSpring 2013 in San Francisco, where the company was among those voted Best of Show by conference attendees. See LendUp’s presentation here.

Share this:

Send Post Twitter LinkedIn Facebook

Ripple Labs Announces $3.5 Million in New Funding and a New Real-Time Pricing App

By David Penn Posted on November 12, 2013
Categories: OpenCoin, Ripple

With participation from Core Innovation Capital, Venture 51, Camp One Ventures, IDG Capital Partners, as well as additional individual investors, Ripple Labs (formerly OpenCoin) announced that it has raised an additional $3.5 million in financing.

Boosting the company’s total funding to $9 million, the new capital will be put to use building tools for developers and consumers alike, geared toward enhancing the Ripple ecosystem.

What is Ripple? One of the more compelling innovations of the still-nascent Bitcoin era, Ripple is a payment system that enables fast, secure, and virtually free transactions with no chargebacks to merchants.

Transactions can take place anywhere around the world, and in any size, allowing users to send money in one currency and receive it in currencies ranging from dollars to yen to Bitcoin.

Says Ripple Labs CEO Chris Larsen, “Similar to the way in which email and other technologies drove the creation of a new global information web where anyone can communicate instantly and for free, Ripple is changing the way the world transacts with the first global value web.”

Arjan Schütte, founder and managing partner of Core Innovation Capital, agrees: “Ripple removes friction from even the most basic of payment transactions, leveling the playing field for underserved individuals and emerging markets around the globe.”

In addition to the funding news – and the name change – Ripple Labs has announced its platform is now fully open-sourced, and has produced its first app, Ripple Price (see above left). Ripple price provides real-time pricing for users, making it that much easier to discover and track the current price of XRP. Read more about the new app at the Ripple blog.

Ripple Labs, as OpenCoin, made its Finovate debut at our spring show in San Francisco earlier this year. See their presentation here.

Share this:

Send Post Twitter LinkedIn Facebook