TipRanks Presents its Cloud-Based Accountability Engine for Investors

By David Penn Posted on
Categories: FinovateFall 2013, TipRanks

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

Next up in our second session of the day is TipRanks. TipRanks was recognized among the “Best of Show” at FinovateSpring 2013 in San Francisco.
“TipRanks is an independent, cloud-based service that collects, sorts, and presents unbiased, comparative metrics about stock recommendations published online from financial experts. TipRanks categorizes this advice by a combination of two key factors: the ability of a recommendation to generate excess profit above the S&P 500, and the percentage of times recommendations outperform the S&P 500.
“These metrics help communicate in real-time the accuracy and credibility of individuals providing such advice. It allows the individual investor to decide who to trust.”
Product Launch: April 2013
Metrics: $700,000 raised & 10 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed
HQ: Tel Aviv, Israel
Founded: June 2012
Website: tipranks.com
Twitter: @TipRanks
Presenting Gilad Gat (Co-Founder & CTO) and Tomer Turgeman (VP, Business Development)
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The full demo video will be available at Finovate.com in mid-September

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Deluxe and VerifyValid Team Up to Provide Secure Electronic Checking

By David Penn Posted on
Categories: Deluxe, FinovateFall 2013, VerifyValid

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

Next up is a joint presentation from Deluxe Corporation and VerifyValid. The two are teaming up to bring electronic check payments to small businesses and consumers.
“VerifyValid lets customers make/receive check payments entirely online, utilizing virtual lockbox and remote deposit capture systems, or by printing checks on plain paper.
The partnership between Deluxe and VerifyValid will soon introduce secure electronic check payments to the 4M small business and 5,700 bank customers currently served by Deluxe. 
Using an unprecedented secure platform and patented fraud prevention, VerifyValid can lower an organization’s costs while increasing efficiency, sustainability, and financial security with every payment.”
Product Launch: July 2013
Product distribution strategy: In presenting VerifyValid to its customer base, Deluxe will employ a multi-channel strategy, including printed and electronic marketing, a direct sales force, FI, and telecommunications client referrals, purchased search results from online search engines, and independent distributors and dealers to promote and sell a wide range of customized products and services.”
HQ: Deluxe Corp – Shoreview, Minnesota; VerifyValid – Grand Rapids, Michigan
Founded: Deluxe Corp – 1915; VerifyValid – 2010
Twitter: @deluxecorp | @verifyvalid
Presenting Paul Doyle (CEO & Founder, VerifyValid) and Malcolm McRoberts (SVP Small Business Services, Deluxe)
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The full demo video will be available at Finovate.com in mid-September.

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Versafe Presents its TotALL Online Fraud Protection Suite for Web and Mobile App Security

By David Penn Posted on
Categories: FinovateFall 2013, Versafe

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

Versafe is making its way to the stage right now. The company’s solutions provide fraud protection for mobile and online applications.
“The TotALL Online Fraud Protection Suite protects the login, user profile & transaction communication between the endpoint and web and mobile applications in real-time, without requiring software download or any user involvement whatsoever. 
The solution leverages advanced application-layer encryption, sophisticated malware detection, and real-time behavioral analysis to proactively protect user credentials, accounts, and monies. And with several implementation models, including a rapid deployment option not requiring any application development, protection across an organization’s entire user base can begin as soon as tomorrow. 
Protect ALL online users. From ALL malware, threat types. On ALL devices. ALL transparently to the user.”
Product Launch: October 2010 (with several enhancements and versions since)
Metrics: 30+ customers internationally, Susquehanna Growth Equity investment of $5M, over 50 employees & over 50M online users protected. Transparently. 
Product distribution strategy: Direct to Business (B2B) & via other fintech companies/platforms
HQ: Rishon Le Zion, Israel
Founded: September 2009
Presenting Jens Hinrichsen (VP, Marketing & Business Development) 
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The full demo video will be available at Finovate.com in mid-September.

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Luminous Banking Debuts Business Loan PreApprover Technology

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

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Then, Luminous showed how its PreApprover helps financial institutions efficiently screen potential borrowers:
“Online business loan PreApprover is a customer-driven, self-service tool that identifies suitable loan customers from unsuccessful applicants with minimal effort from the bank. PreApprover reduces the amount of resources spent on the screening process and enables more business customers to apply for loans.”
Product Launch: February 2013
Product distribution strategy: Through financial institutions
HQ: Johannesburg, South Africa
Founded: 2009
Twitter: @luminousbanking

Presenting Andrew Buchanan (Global Head of Sales) and Andrew Teversham (CTO)
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The full demo video will be available at finovate.com in mid-September.

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MoneyDesktop Introduces GuideMe

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

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Next, MoneyDesktop brought GuideMe to the stage:
“GuideMe is integrated directly into MoneyDesktop’s award-winning PFM platform and draws from an account holder’s daily spending habits to help suggest a path for achieving future financial goals such as paying off a loan, saving for a child’s college education or preparing for retirement. 
Fully customizable, GuideMe clearly presents financial goals by implementing a similar approach to the companie’s patented BubbleBudget concept, allowing account holders to track progress within each individual goal while visualizing the immediate importance of each long-term objective based on variable size and location on the tool’s virtual time line. Unlike many financial planning solutions, GuideMe automatically updates the progress of each goal based on the change or realization of another. For example, GuideMe will update the suggested path for a longer-term goal, such as saving for a new car, once a more immediate goal like saving funds for an emergency needs account is met.””
Metrics: Triple digit growth over the past 3 years, 27 Online Banking/Core/Payment Network Partners, 400+ FI Clients, & 90+ employees

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

HQ: Provo, UT
Founded: March 2010
Twitter: @moneydesktop
Presenting Ryan Caldwell (CEO & Founder) and Matt West (VP Sales)
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The full demo video will be available at finovate.com in mid-September.

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Kofax Showcases its Loan Origination Solution

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

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


Next, Kofax took the stage with its loan origination solution:

“Kofax will demonstrate 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.”

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

HQ: Irvine, CA
Founded: 1985

Twitter: @Kofax

Presenting Bruce Orcutt (Sr. Director, Product Marketing) and Dimitri Snowden (Visual Strategist)

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

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ZooZ Debuts the Transforming Checkout of its Global Payment Platform

By David Penn Posted on
Categories: FinovateFall 2013, Zooz

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

Zooz is making its way to the stage right now. The company specializes in helping online merchants enhance and speed up the checkout process as well as improve conversions.
“Zooz is a global payment platform that enables ecommerce merchants to optimize their checkout across all channels. We provide merchants and developers with a plug and play solution that lets them present their users with a fast, one-tap checkout experience and increase their conversion rates.
Zooz’s approach is focused on users’ behaviors and needs and not just on technical aspects of payments. Zooz has partnered with leading payment gateways, processors, and e-wallets in the world to ensure that both users and retailers enjoy full flexibility.”
Product Launch: September 2013
Metrics: $4.5M in funding, 20 employees, & over 7,000 registered apps and websites
Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Raanana, Israel
Founded: June 2010
Website: zooz.com
Twitter: @ZooZpayments
Presenting Noam Inbar (VP Business Development, Zooz) and Peter Donarski (Senior Executive, FirstData – a Zooz Strategic Partner)
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The full demo video will be available at Finovate.com in mid-September.

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Saved Plus Presents Their Smart Saving Solution for Mobile and the Web

By David Penn Posted on
Categories: FinovateFall 2013, Saved Plus

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

Next up to the stage is the team from Saved Plus with their solution to help individuals better and more efficiently save for the future.
“Saved Plus is a mobile and web-based financial tool that allows clients to automatically transfer a predetermined percentage of their daily expenditures to the destination account of their choice. 
Our bank independent software allows people to make small, but frequent, automatic monetary contributions to savings, investments, retirement, and charity accounts, or payments to credit cards or loans in any U.S. bank, credit union or other financial institutions.”
Product Launch: April 10, 2013
Metrics: $500,000 invested; $250,000 raised, 12 employees, over 500 registered users since launch
Product distribution strategy: Direct to Business (B2B), Direct to Consumer (B2C), through financial institutions, & licensed to retailers and other fintech companies.
HQ: Mountain View, California
Founded: February 2012
Website: savedplus.com
Twitter: @savedplus
Presenting Benjamin Taran (VP Strategic Partnerships)
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The full demo video will be available at Finovate.com in mid-September.

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Backbase Launches the Commercial Banking Edition of its 2.0 Portal

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

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

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Then, Backbase launched its commercial banking offering:

“We are launching Backbase for Commercial Banking. Think PFM for Corporates and UX for the CFOs. Backbase is offering the latest best practices in UX design and cross device customer journeys. The goal of the Commercial Banking Edition is to drastically bring down time-to-market for online and mobile banking projects. The Commercial Banking Edition comes pre-optimized for use on regular browsers, tablets, and smartphones and is completely manageable by the banks’ digital team. 
Backbase for Commercial Banking is seamlessly integrated with the Backbase App Center, offering apps such as:
        • Cash Management Dashboards
        • Invoicing
        • Entitlement and workflow
        • Financing
        • FX Trading
        • Multi-currency ready”
Product Launch: September 2013
Metrics: Privately funded, 150+ employees, offices in New York, Amsterdam, London, Singapore, & Moscow
Product distribution strategy: Through financial institutions & licensed
HQ: New York, NY
Founded: April 2013
Website: backbase.com
Twitter: @backbase
Presenting Dave den Bleyker (VP Sales) and Jelmer de Jong (Global Head of Marketing)
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The full demo video will be available at finovate.com in mid-September.

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Motif Debuts a New Kind of Online Broker That Lets You Invest in Ideas in One Click

By David Penn Posted on
Categories: FinovateFall 2013, Motif Investing

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

Welcome to FinovateFall 2013! Our first presenter here on Day One is Motif Investing.
“Motif will demo the first-of-its-kind crowdsourcing of a financial product that uses Motif’s innovative social technology. It enables investors to take concepts and ideas and in minutes create a motif, a collection of up to 30 securities that trades real time for only $9.95.
The investor can then publish it to the Motif website so it is discoverable and searchable for the broader community. The investor’s motif will also be featured in the Community Catalog, which is akin to an online app store. The catalog will provide intuitive categorization and search functionality that allows other customers to buy these mofits and when that happens, the motif’s creator will be paid a royalty.”
Product Launched: Target date is September 2013
Metrics: $51M raised to date & 41 FTE
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms.
HQ: San Mateo, California
Founded: June 2010
Twitter: @MotifInvesting
Presenting Hardeep Walia (Co-Founder & CEO) 
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The full demo video will be available at Finovate.com in mid-September

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FinovateFall 2013: “And Oh What Heights We’ll Hit”

By David Penn Posted on
Categories: FinovateFall 2013

FF13Button.jpg“On with the show, this is it!”

We’re busier than a hive of honeybees here on rehearsal day as we put the final touches on FinovateFall 2013. The show begins Tuesday morning, September 10th at 9:00 am, and continues through Wednesday. This year’s event is sold out, but fortunately there’s more than one way to enjoy the show.

Live blogging and tweeting
The Finovate team will be live-blogging each and every presentation as it happens here at the Manhattan Center in New York City. 
You can also follow us on Twitter as we’ll be tweeting from @Finovate all day long Tuesday and Wednesday. You’ll also get to read observations and reactions from our audience of more than 1,100 people who will be joining the conversation via the #finovate hashtag.
Schedule
If you’re going to be with us tomorrow, know that registration begins at 8:00 am on both Tuesday and Wednesday mornings. The first company to demo will take the stage at 9:00 am sharp on both days.
Location
This year FinovateFall is in a new location for us. We’re at the Manhattan Center on West 34th Street, just down the road from Madison Square Garden. More information on the venue is available here.
Presenters
FinovateFall 2013 will feature 70 companies demoing some of the most exciting new products and services in the industry. So whether you’re joining us online or will be part of our live audience this week, there’s no better place to see tomorrow’s financial technology today.
Here’s a look at this year’s lineup of presenters:
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To learn more about FinovateFall 2013, visit our FAQ page or email us at info@finovate.com. Thanks for your support. See you in New York City.

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Finovate Alumni News– September 6, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, Doxo, Fiserv, Geezeo, MoneyDesktop, Narrative Science, PayPal, Yodlee
  • Finovate-F-Logo.jpgFiserv launches Predictive Scores tool that models customer behavior. Come see Fiserv at FinovateFall next week.
  • First Federal Savings Bank implements PFM through MoneyDesktop. Check out MoneyDesktop’s new solution at FinovateFall in NYC.
  • PayPal Updates iOS And Android Apps With The Ability To Order Ahead, Pay Restaurant Bills, Access Bill Me Later And More.
  • Woodinville Water District Achieves Significant Increase in Paperless Water Bills in the First 90 Days of doxo Implementation.
  • Members Choice CU To Offer PFM Powered By Geezeo.
  • Braintree adds new layer of fraud protection for merchants.
  • Finovate alumni driving growth in online investment advisory industry.
  • Forbes features article on Narrative Science’s
    Quill. Come see them at FinovateFall next week.


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.

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