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Financial Guard Delivers Transparent, Actionable Online Investment Advice

By David Penn Posted on September 11, 2013
Categories: Financial Guard, FinovateFall 2013

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

As we move toward the end of our first post-lunch session, Financial Guard is making its way to the stage.

“Financial Guard will make investing simple and transparent for the individual investor saving for retirement. Through technology, an investor can quickly receive a holistic view of their entire investment portfolio(s) and receive actionable recommendations based on their investor profile on how to optimize.

Financial Guard’s action plan provides an easy to understand “Grade” on both the individual investments and overall portfolio and clearly tells the investor what to Buy, Sell, and Hold within their accounts. We then continue to monitor an investor’s portfolio and regularly alert and advise when changes and rebalances need to occur.”

Product Launch: Summer 2013

Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)

HQ: Salt Lake City, Utah

Founded: January 2010

Website: financialguard.com

Presenting Kevin Pohmer (President) and AJ Remlinger (Director, Business Development)

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

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Biometric Signature ID Presents its Software Only Biometric ID Verification Solution

By David Penn Posted on September 11, 2013
Categories: Biometric Signature ID, FinovateFall 2013

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

Biometric Signature ID is making its way to the stage right now —

“BioSig-ID complies with the new gold standard – multi-factor authentication. BioSig-ID requires NO additional hardware, and measures the unique biometric patterns of a user as they ‘draw’ their password to log in. A user is authenticated against a stored pattern from enrollment and after identity is confirmed, access to the device, files, or accounts is granted.”

Product Launch: March 2011

Metrics: $2.5 raised to date (28 founder, friends, & staff, a 2010-2011 $550,000 investment from State of Texas & $500,000 from Mohegan Biometrics in 2012), $500,000+ in revenues; nearly 1M registered users in more than 53 countries and all 50 states in the U.S., 50+ clients, & 7 employees (including consultants)

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

HQ: Lewisville, Texas

Founded: July 2007

Website: biosig-id.com

Presenting Jeff Maynard (CEO & President) and Ron Kerkenaar (Senior Technical Analyst)

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

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Fiserv Debuts Popmoney Instant Payments

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Fiserv

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

Next, Fiserv stepped up to demo how it can help financial institutions provide a real-time payments solution to their clients:

“Financial institutions are challenged to meet the ticking clock of consumer expectations for a real‐time payments experience. The Popmoney personal payment service from Fiserv fulfills that need with Instant Payments, a new value-added feature offering real-time delivery of funds.

Popmoney lets people send, request, and receive money using an email address or mobile phone number. Traditionally, Popmoney has only been able to deliver payments via the ACH network, which works great for most payments. Funds settle in 1 to 3 business days.

The Instant Payments feature, which is now available for financial institutions, uses the debit card networks to deliver funds in real-time – 24/7, 365 days a year. Recipients have access to funds literally in seconds.”

Product Launch: April 2013

Metrics: 2012 revenue: $4.4B, 2012 net income: $611M, about 20,000 employees worldwide, 6,000 account processing clients, & 16,000 financial institutions and businesses worldwide

Product distribution strategy: Through financial institutions and direct-to-consumer

HQ: Brookfield, WI

Founded: 1984

Website: fiserv.com

Twitter: @Finovate

Presenting Andrew Barnett (Sr. Mobile Solutions Consultant) and Neil Platt (SVP & General Manager, Payments)

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

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BehavioSec Uses Policy-Based Behavior to Authenticate Users

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: BehavioSec, FinovateFall 2013

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

Next, BehavioSec demoed its user-friendly authentication technology:

“BehavioSec has spotted the gap between user-friendly adaptive user authentication via risk-based authentication, or behaviour biometrics, and the reality of legacy systems at our current customers.

BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy-based behaviour authentication actions.

This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user.”

Product Launch: September 2013

Metrics: 1.5M€, 10 employees, university spin out

Product distribution strategy: Through financial institutions, through other fintech companies and platforms, & licensed.

HQ: Stockholm, Sweden

Founded: May 2009

Website: behaviosec.com

Twitter: @behaviosec

Presenting Neil Costigan (CEO)

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

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QuarterSpot’s Underwriting Platform Offers Small Businesses Lower Cost of Capital

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, QuarterSpot

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

Next, QuarterSpot showcased its unique underwriting platform:

“QuarterSpot’s innovative Artificial Intelligence-driven underwriting platform can incorporate millions of pieces of real time data from business bank accounts, business credit profiles and more to execute a pre-approval decision in milliseconds. The QuarterSpot AI is also able to learn on the fly by monitoring loan repayment and trends to improve its scoring and approval terms in real time.

Through this use of AI-driven underwriting and as one of the only online lenders to amortize interest, QuarterSpot offers small business owners a cost of capital as much as 85% lower than other lenders and does not require personal collateral to secure loans.”

Product distribution strategy: Direct to Business (B2B)

HQ: Wayne, NJ

Founded: April 2011

Website: quarterspot.com

Presenting Adam Cohen (CEO) and Lance Emanuel (President & COO)

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

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Mitek Debuts Mobile Photo Account Opening

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Mitek

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

Then, Mitek showcased its Mobile Photo Account Opening solution:

“Mitek’s new Mobile Photo Account Opening solution enables financial institutions to take advantage of mobile for customer acquisition by reducing the friction for users with mobile imaging. The engaging user experience will attract digital natives and mobile first then retain them throughout their financial life.

The user simply takes photos of personal and financial documents instead of entering information on a device keypad. This greatly reduces the time and effort required by the user to open and fund an account on a mobile device. Mitek’s Mobile Photo Account Opening provides flexible deployment options and seamlessly integrates with FIs’ existing account origination and identity verification providers.”

Product Launch: Q4 2013

Metrics: Mitek (MITK) is publicly traded on NASDAQ

Product distribution strategy: Direct to Business (B2B)

HQ: San Diego, CA

Founded: 1986

Website: miteksystems.com

Twitter: @miteksystems

Presenting Michael E. Diamond (CRO) and Wes Wilk (Sr. Director, Sales Engineering)

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

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Online Payments Startup Spreedly Introduces its Credit Card Vault in the Cloud

By David Penn Posted on September 11, 2013
Categories: FinovateFall 2013, Spreedly

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

Spreedly is our next presenter. They are making their way to the stage right now to debut their “credit card vault in the cloud.”

“In the world of online payments much is made of the fees that are charged by payment gateway providers. Very little is known about the relative performance of payment gateways. Lost transactions based on time outs/false declines/overly aggressive fraud filters can cripple a business. Spreedly sits at a unique juncture where we can share what we see across a range of gateways.”

Product Launch: September 2013

Metrics: Raised $420,000 in seed funding, 5 employees, 100 paying customers, & 30% month over month transaction growth

Product distribution strategy: Direct to Business (B2B)

HQ: Durham, North Carolina

Founded: January 2008

Website: spreedly.com

Twitter: @spreedly

Presenting Justin Benson (CEO)

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

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Simple Verity Launches Automated Small Business Credit Verification Process

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Simple Verity

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

Then, Simple Verity launched its credit verification process for small businesses:

“Simple Verity is a fully automated small business credit verification process. The system can produce a reliable credit report on any small business in America – including the millions of businesses with little or no data on file at the major bureaus.

Using a social approach and proprietary analytics, SimpleVerity elevates small business credit from uncertainty and risk into the light of consistent, data-driven analysis.”

Product Launch: September 2013

Metrics: 1000 business references in private beta, $250,000 raised, 3 employees

Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms

HQ: Seattle, WA

Founded: June 2012

Website: simpleverity.com

Twitter: @simpleverity

Presenting Randall Lucas (CEO & Co-Founder) and Jeff Pecor (Marketing)

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

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

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Innovation Agency

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

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

Website: innovationagency.com

Twitter:@InnovationInfo

Presenting Christoph Wertz (President) and Sean O’Reilly (CTO)

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 September 11, 2013
Categories: FinovateFall 2013, Socure

Our 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)

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 September 11, 2013
Categories: FinovateFall 2013, mBank & Accenture

This 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)

Website: mbank.pl & Accenture.com

Twitter: @mBankpl & @Accenture

Presenting Michal Panowicz (Managing Director, New mBank Project) and Maciej Jopyk (Senior Manager, Accenture)

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 September 11, 2013
Categories: FinovateFall 2013, Jumio

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

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)

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

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