Lighter Capital Unveils Loan Analysis and Monitoring Program

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Lighter Capital
This post is part of our live coverage of FinovateFall 2013.

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Then, Lighter Capital took the stage to demo its unique lending platform for small businesses:
“Lighter Capital has developed the first small business lending platform to integrate CRM data and predict a borrower’s future performance. In addition to automatic integration of accounting and banking data, which provides “rearview mirror” information, Lighter Capital is the first company to seamlessly integrate CRM data to forecast the future performance of small businesses, providing lenders a “windshield” perspective on borrowers. 
By crunching key sales, opportunity and customer data, Lighter Capital’s technology improves underwriting and borrower monitoring, predicting financial instability months before it shows up in financial statements.”
Product Launch: September 2013
Metrics: $6M raised to date, 10 employees, 30 loans issued, average investment $200,000
Product distribution strategy: Direct to Business (B2B), through financial institutions, & licensed
HQ: Seattle, WA
Founded: June 2010
Twitter: @lightercapital

Presenting BJ Lackland (CEO) and Molly Otter (CIO)

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The full demo video will be available at finovate.com in mid-September.

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Cardlytics Debuts Geolocation Functionality Within Targeted Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.

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Up next, Cardlytics demonstrated its new geolocation technology:
“Cardlytics will demonstrate our new geo-locator technology that empowers our partner banks’ customers to receive ads and offers based on their recent purchase behavior, no matter where they are in the U.S.”
Product Launch: Q1 2014 (tentative)
Metrics: Cardlytics is a private company with nearly 250 employees. We’ve raised nearly $100M from venture capital and private investors and we serve ~30M customers per month through partnerships with nearly 400 financial institutions across the US.
Product distribution strategy: Through financial institutions
HQ: Atlanta, GA
Founded: 2008
Twitter: @cardlytics
Presenting John Brown (EVP Financial Institutions)

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The full demo video will be available at finovate.com in mid-September.

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FutureAdvisor Launches Premium Service

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, FutureAdvisor

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

Next up, FutureAdvisor launched its premium service:

“How they describe their product/innovation: FutureAdvisor Premium automatically manages your existing investment accounts to save on hidden fees, increase tax efficiency, and optimize for asset diversification. We do this by:
• Monitoring and rebalancing your account as necessary
• Recognizing and actively investing new cash additions
• Periodically completing tax-loss harvesting”
Product Launch: September 2013
Metrics: FutureAdvisor provides guidance to tens of thousand of investors who have securely connected their investment accounts.
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, & through other fintech companies and platforms

HQ: San Francisco, CA
Founded: May 2010
Twitter: @FutureAdvisor
Presenting Bo Lu (Founder & CEO) and Joe Cianciolo (VP Business Development)

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The full demo video will be available at Finovate.com in mid-September.

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Toopher Launches its Business-Boosting Authentication Suite for FIs

By David Penn Posted on
Categories: FinovateFall 2013, Toopher

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

Coming to the stage now are representatives from our next presenter, Toopher.

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“Toopher’s authentication suite accelerate business top-line and bottom-line growth by creating greater user confidence and productivity. Toopher enables business to tap into new markets and to seize competitive differentiation within existing markets. 
Toopher uses the location awareness of user’s mobile device to create invisible, strong, out-of-band, two-factor authentication. 
As such, Toopher applies the same technology, infrastructure, and IP to optimize and secure the payment authorization process. As a result, Toopher can be paired with credit/debit accounts and mobile payments to reduce fraud, while simultaneously increasing UX.”
Product Launch: September 2013
Metrics: 17 employees
Product distribution strategy: Direct to Business (B2B), Channel Partnerships, and Licensing
HQ: Austin, Texas
Founded: September 2011
Website: Toopher.com
Twitter: @toopher
Presenting Josh Alexander (CEO) and Evan Grim (CTO)

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The full demo video will be available at Finovate.com in mid-September.

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Interactions Launches Virtual Assistant for Financial Institutions

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Interactions
This post is part of our live coverage of FinovateFall 2013.

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Then, Interactions demonstrated how its Virtual Assistant can work for financial institutions:
“Voice-based Virtual Assistant applications for Financial Institutions can seamlessly provide callers access to balance, transaction history, and account information, however they can go a level beyond – allowing the caller to inquire into recent charges, dispute charges, ask complex questions about their accounts, enroll in promotions, change account information such as addresses and email accounts, register new cards, order replacement cards, report a card as lost or stolen . . . the list goes on.”
Product Launch: September 2013
Metrics: Raised over $100M to date with a recent $40M round led by SoftBank Capital
Product distribution strategy: Direct to Business (B2B)
HQ: Franklin, MA
Founded: 2004
Twitter: @interactionsco
Presenting Phil Gray (EVP Business Development) and Dan Fox (Marketing Director)

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The full demo video will be available at finovate.com in mid-September.

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Think Finance Presents Elastic: Line of Credit, Payroll-Linked Lending

By David Penn Posted on
Categories: FinovateFall 2013, Think Finance

Thumbnail image for ThinkFinancehighreslogo.jpgThis post is part of our live coverage of FinovateFall 2013.


Think Finance is about to present their technology next.
“Elastic is new a line of credit product for employees that is linked to payroll systems. The software-driven solution seamlessly integrates with payroll software platforms, reducing the cost and risk of providing cash advances. 
The savings are passed on to employees in the form of lower costs as compared to overdraft fees and alternative emergency cash products. Once an employer signs up, the employee manages the rest of the process online. Elastic provides flexible and affordable payment options and loans can be repaid via direct deposit using the payroll system.”
Product Launch: September 2013
Metrics: Money raised to date, $60M; number of employees, 564; revenues, $500M in 2012; customers served, 1.5M; credit issued $3.5B; consumer savings, $1B
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), & through financial institutions
HQ: Fort Worth, Texas
Founded: August 2011
Twitter: @thinkfinance
Presenting Ken Rees (President & CEO), Kathy Boden Holland (EVP, Corporate Development), and Elio Mariani (Product Director)
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The full demo video will be available in mid-September.

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miiCard Launches Identity as a Service (IDaaS)

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, MiiCard
This post is part of our live coverage of FinovateFall 2013.

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Next, miiCard showed its solution to help mitigate identity fraud in financial services:
“With identity fraud now accounting for over half of all fraud, it’s time to get serious about trust online. The future of financial services depends on truly trusted and traceable customer identities in the digital economy. See how sites are using miiCard’s Identity as a Service (IDaaS) to sell regulated and high value products in areas like banking, virtual currencies, payments, wealth management, and lending. At the same time learn how miiCard’s consumer-driven Bring Your Own Identity proves and protects the individual, while enabling endless possibilities for trusted exchanges for everything from finance, government, healthcare, recruitment, gaming to dating, and social networking.”
Product Launch: September 10, 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Edinburgh, Scotland, UK
Founded: September 1, 2011
Website: miicard.com
Twitter: @miicard
Presenting James Varga (CEO) and Magnus Bray (Sales Manager)

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The full demo video will be available at finovate.com in mid-September.

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Unleash Launches a Cloud CFO to Bring Financial Decision-Making Capabilities to Small Businesses

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Unleash
This post is part of our live coverage of FinovateFall 2013.

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Then, Unleash launched its Cloud CFO:
“Unleash is a Cloud CFO that helps small businesses make better decisions faster.
In addition to simplifying business intelligence and making it super easy to use, we’ve got a few proprietary tricks up our sleeve: 
        • Peer Index: showing business owners how they stack up against their competition 
        • uScore: a single business health indicator–think FICO for business health”
Product Launch: September 10 & 11, 2013
Metrics: Under 10 employees & bootstrapped funding
Product distribution strategy: Direct to Business (B2B)
HQ: San Jose, CA
Founded: February 2012
Website: unleash.us
Twitter: @UnleashApp
Presenting Insaaf Mohideen (Founder & CEO) and Ahmad Ibrahim (Business Development)
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The full demo video will be available at finovate.com in mid-September.

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Market IQ Terminal Provides Market Sentiment, Fundamental Insights, and Actionable Signals for RIAs

By David Penn Posted on
Categories: FinovateFall 2013, Market IQ

marketiqlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

MarketIQ is our next presenter. The company will be debuting their Market IQ Terminal for portfolio managers, analysts, and investment firms.
“Market IQ Terminal provides:
  • Real-time sentiment and actionable fundamental insights based on Market IQ’s patented algorithms to provide deeper insights into a company’s strengths and weaknesses.
  • Better discoverability with Market IQ Search and natural language processing algorithms (applied to over 40 sources of unstructured data), allowing managers to ingest relevant insights from more sources at a glance, making ‘big data’ actionable.
  • Developed in collaboration with top investment management firms and market participants, Market IQ is modeled after broad portfolio management principles.
The intuitive and customizable workflow is designed to allow subscribers to tailor Market IQ to their investment process.”
Product Launch: September 2013
Metrics: $700,000 in revenues; 9,000 registered users, & 14 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed.
HQ: Seattle, Washington & Toronto, Ontario, Canada
Founded: 2011
Twitter: @themarketiq
Presenting Fahad Kamir (Founder) and David Middleton (COO)

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The full demo video will be available at Finovate.com in mid-September

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Finect is Compliant Social Media for Financial Institutions Made Simple

By David Penn Posted on
Categories: Finect, FinovateFall 2013

finectlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is the team from Finect. The company’s solution provides for an easy-to-use compliant social media with a pair of new features:
“Global Library – The financial industry’s broadest, smartest, and yet simplest library provides for the first truly open exchange of content without boundaries. This library will help advisors, asset managers and others:
  • Share, upload, and access content for client meetings, education, investment updates, and more
  • Share content with clients and prospects in their own groups or ‘rooms’
  • Follow and get instant library editions without worry
Pros on Products – Investment products can now be followed on Finect, with a single location for reviewing peer opinions, real-time news, and Twitter comments.”

Product Launch: September 2013

Product distribution strategy: Direct to Business (B2B), & through financial institutions
HQ: New York City, New York
Founded: 2012
Website: finect.com
Twitter: @finectcom
Presenting Nicolas Oriol (CEO & Founder) and Jennifer Openshaw (President)

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The full demo video will be available in mid-September.

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DoubleBeam’s SDK Saves Merchants on Interchange Fees by Using eChecks

By Julie Muhn (@julieschicktanz) Posted on
Categories: DoubleBeam, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.

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Then, DoubleBeam demonstrated how it can save merchants on interchange fees:
“Our SDK for iOS and Android is an ingredient that runs inside other mCommerce applications. It links users’ bank accounts just by taking a picture of a blank check, then can store that information to process low-cost eChecks as a method of payment, saving merchants up to 80% off the cost of credit card interchange fees. It is being leveraged in pure mCommerce applications as a method to reload stored value accounts, and in brick and mortar retail apps where it also improves visibility into customer behavior for improved marketing ROI.”
Product Launch: January 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed
HQ: Pasadena, CA
Founded: August 2011
Twitter: @doublebeaminc
Presenting Ted Tekippe (CEO) and Avi Lichtschein (VP Business Development)

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The full demo video will be available at finovate.com in mid-September.

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PayWith Presents mCARDS: A Dynamic Virtual Credit Card

By David Penn Posted on
Categories: FinovateFall 2013, PayWith

paywithlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Wrapping this up with the final presentation of Day One of FinovateFall is PayWith, demonstrating their Mobile Rewards Cards.
“Introducing mCARDS (Mobile Rewards Cards). What does the “m” stand for? Money, Mobile, Merchant, Marketer, MasterCard, Monetize. 
In fact, mCARDS incorporate all of the above into every single 1-time use mobile card. mCARDS were invented by PayWith to enable a ubiquitous solution for merchants to process mobile payments using their existing hardware and POS equipment. The PayWith team cam up with the idea of creating a “virtual credit card” that could be dynamically created for every transaction by the consumer.”
Product Launch: Beta launched January 2012
Metrics: $2.5M raised to date, 12FT & 2 PT employees, closed beta of 2,000 registered users & 50 participating merchants, average consumer transaction value: $17.47, & average consumer annual spending through PayWith: $437.00
Product distribution strategy: Direct to Consumer (B2C), Direct to Business *B2B), through other fintech companies and platforms, & licensed.
HQ: Vancouver, British Columbia, Canada
Founded: November 2011
Website: paywith.com
Presenting David Strebinger (CEO) and Aaron Park (Senior Developer)

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The full demo video will be available at Finovate.com in mid-September.

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