Innovation Agency Launches Innovation Café, a Platform to Engage Innovation Communities

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

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Then, Innovation Agency demonstrated its platform that facilitates collaboration around ideas and innovation:
“Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting. It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. 
Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Social Media Integration and Social Network Analysis releases are our primary focuses at FinovateFall. These innovations provide a comprehensive mechanism to track public sentiment and include it in the internal innovation community.”
Product Launch: September 2013 at FinovateFall
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), & through other fintech companies and platforms
HQ: New York, NY
Founded: December 2008
Twitter:@InnovationInfo
Presenting Christoph Wertz (President) and Sean O’Reilly (CTO)

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

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Socure’s Social Biometrics Provides Real-Time Protection Against Fraudsters and Bots

By David Penn Posted on
Categories: FinovateFall 2013, Socure

Thumbnail image for Socurelogo.jpgOur next presenter is Socure. The company specializes in real-time, online identity verification solutions.

“Socure’s Social Biometrics utilizes a patent pending artificial intelligence system and proprietary machine learning algorithms along with social behavior pattern analysis to detect if an online ID is authentic, a fraudster or a bot. 
Socure’s Social Biometrics solution showcases its ability to capture non-authentic (fake) online identities as a way to guard against identity theft and account takeover fraud. Our demonstration also shows the ability to de-risk each side of a peer-to-peer payment.”
Product Launch: August 2013
Metrics: $1.6M raised & 12 employees
Product distribution strategy: Socure is partnering with industry leading MSPs, social sign-on providers, and traditional identity databases to leverage their existing distribution channels. Socure is also selling into businesses directly with an internal sales team.
HQ: New York City, New York
Founded: August 2012
Website: socure.com
Presenting Sunil Madhu (CEO) and Johnny Ayers (Director, Business Development)

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

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mBank and Accenture Present Their Redesigned, Bank 3.0 Online Platform

By David Penn Posted on
Categories: FinovateFall 2013, mBank & Accenture

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

Next to the stage is a demo from mBank and Accenture, working together to present their next generation, online banking platform.
“mBank is the first established European bank to undergo a comprehensive, mass-scale, ‘Bank 3.0’ revolution of its direct channels by introducing re-designed Internet and mobile banking fully leveraging modern technologies to deliver state of the art, end-to-end, customer experience and unparalleled sales effectiveness for the bank. New online banking platform includes modern UI/UX, PFM, video banking, real-time marketing, social channels, and gamification.”
Product Launched: June 2013
Metrics: (mBank) ~6,000 FTEs & 4.1M customers in Poland, Czech Republic & Slovakia; (Accenture) 266,000 FTEs operating in 120+ countries, net revenues of $27.9B USD
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: Lodz, Poland (mBank) & Warsaw, Poland (Accenture)
Founded: November 2000 (mBank) & 1950 (Accenture)
Twitter: @mBankpl & @Accenture
Presenting Michal Panowicz (Managing Director, New mBank Project) and Maciej Jopyk (Senior Manager, Accenture)
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The full demo video will be available at Finovate.com in mid-September.

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Jumio’s Netverify Now Enables MultiDocument Validation and Facial Recognition

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

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Next, Jumio debuted enhancements to its Netverify solution:
“Our solutions have already launched with continued iterations resulting from ongoing customer feedback. Enhancements to Netverify including facial recognition, multi-document validation, and other features to further fit specific business needs and use cases will be showcased at FinovateFall 2013.”
Product Launch: 2012
Metrics: Over 100 customers & growing
Product distribution strategy: Direct to Business (B2B)
HQ: Palo Alto, CA
Founded: 2010
Website: jumio.com
Twitter: @jumio
Presenting Mike Orlando (CSO) and Emilio Disanluciano (Sr. Business Development)

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

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LearnVest Debuts iPad App and Action Program

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

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Up next, LearnVest demonstrated the functionalities of its new iPad App:
“LearnVest is debuting an iPad App, which will allow clients to access their custom Action Program on the go. This App brings an unprecedented level of mobility to the financial planning process. Not only will clients be able to see their plan and individual CFP-issued challenges, they will also be able to access LearnVest’s Money Center tool for a snapshot of their entire financial life.”
LearnVest will also debut a new distribution channel (“Workplace Solutions”) to provide financial wellness solutions in the workplace, allowing employers nationwide to give their employees access to LearnVest’s holistic financial planning services.”
Product Launch: Fall 2013
Metrics: $41M raised & 100 employees
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: New York, NY
Founded: Fall 2009
Website: learnvest.com
Twitter: @LearnVest
Presenting Alexa von Tobel (Founder & CEO) and Karim Naraghi (VP Business Development)
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The full demo video will be available at finovate.com in mid-September.

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Dynamics Showcases its Solution to Gamify Your Checking Account

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

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This post is part of our live coverage of FinovateFall 2013.
Then, Dynamics took the stage:
“Dynamics brings a new solution to stimulate fee income from  checking accounts in a post-durbin world. It aims to convert cash-heavy consumers to a prepaid card by drawing them in with a real-time rewards-based platform. This brings them directly to POS, driving value through interchange.”
Product Launch: September 2013
HQ: Pittsburgh, PA
Founded: September 2007
Twitter: @DynamicsInc
Presenting Jeff Mullen (CEO, Dynamics), Jonathan Beaver (Chief Architect, Dynamics), and Brandon F. Nowac (Team Leader Prepaid Cards, Key Corporate Bank)

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

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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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