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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Float Money Offers Interest-Free, Fee-Free Lines of Credit for Shoppers

By David Penn Posted on
Categories: FinovateFall 2013, Float Money

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

Next up is Float Money, with their innovative online lending and marketing platform, Float.

“Float offers a line of credit without interest or fees. The loans can be used for any purpose. Members earn the interest-free line by shopping through Float. Float earns marketing revenue from merchants instead of interest and fees from borrowers.”

Product Launch: June 2012
Metrics: $1 million raised; 1,500 registered users
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, &through other fintech companies and platforms.
HQ: New York, NY
Founded: August 2011
Website: floatmoney.com
Twitter: @floatmoney
Presenting Shane Hadden (CEO) and Chad Hurley (CTO)

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

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CoverHound Unveils a Quick Way to Request a Cost Estimate for Car Insurance

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

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This post is part of our live coverage of FinovateFall 2013.
CoverHound is up next to demo a fast and unique way that users can receive an insurance estimate:
“CoverHound now lets you request a car insurance estimate just by Tweeting” 
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
Metrics: $6.5M raised & 23 employees

HQ: San Francisco, CA
Founded: May 2010
Twitter: @CoverHound
Presenting Basil Enan (CEO) and Keith Moore (CMO)

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

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RevolutionCredit Launches Platform to Improve the Consumer Credit Process

By David Penn Posted on
Categories: FinovateFall 2013, RevolutionCredit

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

RevolutionCredit is here to show of their RevolutionCredit Platform to help spot ideal borrowers.
“RevolutionCredit’s patent pending financial capability development solution helps creditors identify upwardly mobile customers, approve more consumers, mitigate risk, build brand loyalty, and reduce churn. For consumers, RevolutionCredit offers a compelling and progressive alternative to a rejection or penalty. Consumers can now demonstrate to their creditor that they are better than their current score, and are committed to their financial future. 
RevolutionCredit combines self/positive-selection with just-in-time consumer financial capability development at the point of transaction. This transforms the consumer credit process from a system based on punitive and negative selection to one based on education and positive engagement.”

Product Launch: September 2013

Metrics: $1.8M raised in angel funding & 8 employees
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, & through other fintech companies and platforms
HQ: Irvine, California
Founded: April 2012
Presenting Zaydoon Munir (Founder & CEO) and Laura Conrad (COO & CFO)

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

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SpearFysh’s Note Taking App Helps Salespeople Stay Organized

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

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Afterwards, SpearFysh demonstrated how its app can improve the note-taking experience during and after sales calls.
“Our Intelligent Note-Taking App helps a salesperson execute a pre-loaded agenda of a sales call that they see on the tablet screen during note-taking. In addition, it allows the salesperson to take notes, capture audio of the conversation, and tag critical data for 100% recall of the “voice of the customer” and sales process analytics. 
Our Web App enables interaction sharing with everyone at the organization that is involved in the sales process. Sales call data and the “voice of the customer” is converted from speech to text, indexed, and mined for sales intelligence to improve coaching and executive decision-making.”
Product Launch: May 2013
Metrics: $3.18M raised to date, 12 FTE, pre-revenue
Product distribution strategy: Direct to Business (B2B)
HQ: Twinsburg, OH
Founded: May 2011
Website: spearfysh.com
Presenting Marc Miller (CEO) and Greg Pacholski (President)

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

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Ignite Sales Debuts Branch Profitability Dashboards to Help Maximize Sales Performance

By David Penn Posted on
Categories: FinovateFall 2013, Ignite Sales

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

Ignite Sales is next up to the stage. The Dallas-based company is launching their recommendations engine that matches banking products to customer eligibility in real-time at the point-of-sale.

“Ignite’s innovative Branch Profitability Dashboards offer a breakthrough in branch performance measurement. The visual dashboards give bank executives unprecedented information to manage the sales process and determine which branches are profitable.”
Product Launch: September 2013
Product distribution strategy: Through financial institutions & licensed
HQ: Dallas, Texas
Founded: September 1997. Launched 2010
Twitter: @Ignitesales
Presenting Mitchell Orlowsky (CEO) and Barbie Boe (VP Marketing & Founder)
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The full demo video will be available at Finovate.com in mid-September.

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Tinkoff Credit Systems Brings its Click-To-Meet Technology to the U.S.

By David Penn Posted on
Categories: FinovateFall 2013, Tinkoff Credit Systems

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

All the way from Moscow, here’s Russia’s leading provider of online financial services, Tinkoff Credit Systems, with their Click-To-Meet technology.
“The customer can apply online or by phone for a credit card, debit card, or to make a deposit. She simply has to complete the application on the bank’s website and the next day the bank’s representative (‘smart courier’) will meet her at her place of choice to sign documents and to deliver the card.
This facility is mind-bogglingly good. The implementation of this innovation took the following steps:
      • We established a nationwide courier system specifically for our online deposit programme
      • We extended the courier delivery programme to credit cards
      • As we honed the service, we developed our own technologies and software
      • TCS now operates one of the biggest courier companies in Russia.”
Product Launch: May 2013
Metrics: 5,900 employees, $2.3B in assets, & over 3 million credit cards issued
Product distribution strategy: Direct to Consumer (B2C)
HQ: Moscow, Russia
Founded: December 2006
Twitter: @tcsbank
Presenting Oliver Hughes (President & CEO) and Anna Mikhina (Manager, Development of Mobile Products)
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The full demo video will be available at Finovate.com in mid-September.

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FlexScore’s Action Steps, Peer Ranking Helps Consumer Game the Financial Planning Process

By David Penn Posted on
Categories: FinovateFall 2013, FlexScore

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

Our next presenter is FlexScore, created by two financial advisors to “gameify” the financial planning process.

“FlexScore is an entirely new financial product that empowers people to take more control over their personal finances. It’s financial advice for the rest of us.
We will be demoing our newly patented scoring engine and peer ranking features of the FlexScore web app.”
Product Launch: Beta launch May 2013
Metrics: $1.5M raised & 6 employees
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: April 2012
Metrics: $1.5M raised & 6 employees
Website: flexscore.com
Twitter: @myflexscore
Presenting Jason Gordo (Co-Founder & CEO) and Jeff Burrow (Co-Founder & President)
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The full demo video will be available at Finovate.com in mid-September

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Lumesis Helps Advisors Build a Better Compliance Infrastructure

By David Penn Posted on
Categories: FinovateFall 2013, Lumesis

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

Leading off our final session of Day One here at FinovateFall 2013 is Lumesis introducing DIVER.
“A comprehensive information delivery and compliance solution serving Financial Advisor Networks. DIVER Advisor is designed to protect the firm via a robust compliance infrastructure.
Financial advisors gain insights to activity around client positions through real-time dashboards and easily access internal credit research. A simple to generate CUSIP-driven reporting module addresses adherence to regulatory requirements.”
Product Launch: April 2013
Metrics: 20 employees, 70 institutional clients & 17,000+ users. Funding to date is $5.23M
Product distribution strategy: Direct to Business (B2B), through financial institutions, other fintech companies, trading platforms, portfolio management platforms, & licensed to firms.
HQ: Stamford, Connecticut
Founded: July 2010
Website: lumesis.com
Presenting Gregg Bienstock (CEO & Co-Founder) and Timothy Stevens (COO, President & Co-Founder)
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The full demo video will be available at Finovate.com in mid-September.

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