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

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

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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

Artivest’s Online Platform Puts Private Funds Within Reach of Average Investors
By David Penn Posted on
Categories: Artivest, FinovateSpring 2014
Artivest_hi_res_FS2014

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

True Link’s New Prepaid Card Helps Keep Vulnerable Seniors Safe From Predatory Fraud
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, True Link
TrueLinkLogo

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

Endeavour Partners with Zoot and Jumio to Create a Mobile Account Opening Solution
By Julie Muhn (@julieschicktanz) Posted on
Categories: Endeavour, FinovateSpring 2014
EndeavourLogo

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
Twitter: @mobilitycompany

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LendUp Launches its RESTful API Platform to Support MultiChannel Consumer Lending

LendUp Launches its RESTful API Platform to Support MultiChannel Consumer Lending
By David Penn Posted on
Categories: FinovateSpring 2014, LendUp
LendUp_hi_res_FS2014

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

Personal Capital Launches One Click Investment Proposals to Make Advisors’ Jobs Easier
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Personal Capital
This post is part of our live coverage of FinovateSpring 2014.
PersonalCapitalLogo2014

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
Twitter: @PersonalCapital

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

Rippleshot’s Anti-Fraud Solution Scans the Network to Detect Data Breaches at the Point of Sale
By David Penn Posted on
Categories: FinovateSpring 2014, Rippleshot
Rippleshot_hi_res_FS2014

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+

Venovate Launches the Venovate Marketplace to Create Efficiency in Alternative Investments, Announces Investment from Studio 9+
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Venovate
VenovateLogo

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
Categories: FinovateSpring 2014, Fiserv

FiservLogo.jpg

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

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
Categories: FinovateSpring 2014, Spreedly
Spreedly_lo_res_logo

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
Twitter: @spreedly

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

ID.me Launches Solution that Seamlessly Identifies Affiliate Groups at the Brick and Mortar Point of Sale
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, ID.me
IDmeLogo

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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Tactile Finance’s Tacfi Helps Borrowers Control the Mortgage Process

Tactile Finance’s Tacfi Helps Borrowers Control the Mortgage Process
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Tactile Finance
TactileFinanceLogo

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

Then, Tactile Finance launched Tacfi, a website that helps borrowers select a mortgage provider:
“Tacfi is a consumer mortgage website that, for the first time, allows mortgage shoppers to truly control their outcomes throughout the mortgage process. Tacfi puts the intelligence of the mortgage industry up front and accessible to consumers where it belongs. 
The website will also allow consumers to seamlessly connect to select mortgage providers, while providing an easy way to safely and effectively navigate the mortgage process from end to end.”
Presenters: Nicole Hamilton (CEO) and Shivie Mannshahia (Architect)
Product Launch: FinovateSpring 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: New York, NY
Founded: May 2012
Twitter: @tactilefinance

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