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 [email protected]. 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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Think You’re Prepared for FinovateFall Next Week? Download the Upgraded Finovate App to Be Your Guide

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

To help you prepare for FinovateFall in New York on September 10 and 11, download the new Fall edition of the Finovate app, now FF13iphoneIMGSm.jpgavailable in the Apple app store and Google Play store. 

To download, search “Finovate” in the app store or use the links below:

With this improved version, you’ll have all the information about FinovateFall at your AndroidMan.jpgfingertips on your iPhone, Android, or tablet device.

If you’ve previously downloaded the app on your mobile device, be sure to update to the new version prior to the conference.

Features include:

    • Full agenda 
    • Link to Finovate Connect networking tool
    • Presenting company descriptions & contact info
    • Company categories 
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New interactive elements include:

    • My Finovate: Save personalized notes & ratings for each company and email them as a Trip Report
    • Contact button: Ask questions and schedule followups with presenters 
    • Scheduler: Manage your conference schedule 
    • Register for upcoming conferences, find Finovate alums, follow Finovate tweets, and more 

Tickets to FinovateFall are sold out, but please email [email protected] if you would like to be placed on the waiting list, as we may have cancellations.

If you have any questions about the event, see our event page or check out our FAQ here.

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Finovate Alumni Driving Growth in Online Investment Advisory Industry

By David Penn Posted on
Categories: Betterment, FutureAdvisor, Jemstep, LearnVest, Personal Capital, SigFig, Wealthfront

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If an investment portfolio gets optimized through an online investment advisor, do brick and mortar brokers make a sound?

As noted in today’s Wall Street Journal, many of the kinds of services that once were accessible only by high net worth investors patronizing financial advisors and planners in person are now available to the rest of us. This includes everything from using computer algorithms to make investment decisions to automatic portfolio rebalancing and asset allocation.

And of the seven companies highlighted in the column for helping make this possible, every single one is a Finovate alum.
In fact, two of the seven – FutureAdvisor and LearnVest – will be demoing their latest technology on the Finovate stage in New York next week for FinovateFall 2013.
The reasons for the growth in online investment advisory are as varied as the companies themselves. Some cite a new generation of investors far more comfortable with both handling their own finances and trusting the Internet to help. Others suggest that with Wall Street falling into disfavor in the wake of the financial crisis, more investors are willing to seek out non-traditional – and less expensive – sources of information and advice.
Bill Doyle, an analyst for Forrester Research who has studied the industry for more than a decade and is quoted in the column, puts it this way: “I’m paying a lot more attention this time around because the software required to transform this industry finally works.”
Whatever the reason, there’s no doubt that venture capitalists believe this time is different. Consider the funding success of the above seven companies in the past two years ago:
Note also that Wealthfront, which helps get investors into low-cost diversified portfolios, has assets under management (AUM) of $300 million. Betterment has a similar model and has AUM of $250 million.

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Finovate Alumni News– September 5, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Float Money, FutureAdvisor, Jemstep, LearnVest, MiiCard, Personal Capital, Ping Identity, Q2ebanking, Wealthfront, Wipit, Xero
  • Finovate-F-Logo.jpgThe Austin business Journal ranks Q2ebanking #29 of Austin-based Largest Private Companies.
  • City National partners with cloud accounting platform Xero.
  • Forrester Research names Ping Identity a leader in Identity and Access Management Suites, Q3 2013 report.
  • Allre and miiCard partner for First Complete Platform to Sell a Home Purely Online.
  • Wipit-powered Boost Mobile Wallet to provide Quick Check Service.
  • WSJ column takes a look at online investment advisors like Wealthfront, Personal Capital, Jemstep, and FutureAdvisor that use algorithms. Meet FutureAdvisor at FinovateFall in New York.
  • Float Money partners with credit reporting agency eCredable to offer consumers interest-free loans. See Float Money at FinovateFall in New York next week.
  • Finovate alums Betterment and LearnVest highlighted in Wall Street Journal column on innovations in the online investment advisory business. Watch LearnVest demo their technology next week at FinovateFall.
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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