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Finovate Alumni News– May 17, 2013

By David Penn Posted on May 17, 2013
Categories: CashStar, FamZoo, FlexScore, LendUp, Realty Mogul, Serverside Group, Zooz

Serverside Group grants license for its US card customization patents to financial services provider, DimpleDough.

CashStar announces year-over-year growth in Mother’s Day eGifting cards sold.

MobilePaymentsToday takes a look at Zooz In-Ad Payments service.

FlexScore provides waiting list for access codes to beta version of their web-based financial advisor platform.

American Banker features crowdfunders LendUp and Realty Mogul.

TransCard congratulates technology partner FamZoo on winning FinovateSpring 2013 honors.

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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FinovateSpring 2013 Best of Show Winners

By Julie Muhn (@julieschicktanz) Posted on May 16, 2013
Categories: FamZoo, FinovateSpring 2013, LendUp, MoneyDesktop, PayNearMe, TipRanks

After the final demos wrapped up on two fintech-packed days at FinovateSpring 2013, the audience voted for their favorite demos to ultimately decide who would be named Best of Show. The overall top five took home the trophies.

The winners (in alphabetical order):

FamZoo, for its prepaid card family pack

LendUp, for its LendUp Ladder loan platform that helps the underbanked build credit

MoneyDesktop, for its Target and Insight back-end data analytics and marketing platform

PayNearMe, for launching the white-labeled version of its cash-dpayments platform

TipRanks, for its solution that brings transparency to individual investors, helping investors decide who to trust

We’ll have the videos of all 72 demos posted on Finovate.com in a few weeks.

Thanks to everyone who joined the audience and came to be a part of our largest show so far. And thanks to the 77 innovators* who braved the Finovate stage.

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*Five demos hosted a co-presenting company, including Visa, MasterCard, USAlliance Credit Union, Intuit, and Paydiant

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The five companies appearing on the highest percentage of submitted ballots were named Best of Show.
5. Go here for a list of previous Best of Show winners.

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FinovateSpring 2013 Best of Show Winners

By Julie Muhn (@julieschicktanz) Posted on May 16, 2013
Categories: FamZoo, FinovateSpring 2013, LendUp, MoneyDesktop, PayNearMe, TipRanks

The winners (in alphabetical order):

FamZoo, for its prepaid card family pack

LendUp, for its LendUp Ladder loan platform that helps the underbanked build credit

MoneyDesktop, for its Target and Insight back-end data analytics and marketing platform

PayNearMe, for launching the white-labeled version of its cash payments platform

TipRanks, for its solution that brings transparency to individual investors, helping investors decide who to trust

We’ll have the videos of all 72 demos posted on Finovate.com in a few weeks.

Thanks to everyone who joined the audience and came to be a part of our largest show so far. And thanks to the 77 innovators* who braved the Finovate stage.

——————————————————————

*Five demos hosted a co-presenting company, including Visa, MasterCard, USAlliance Credit Union, Intuit, and Paydiant

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Finovate Alumni News– May 16, 2013

By David Penn Posted on May 16, 2013
Categories: Blaze Mobile, FamZoo, LendUp, MoneyDesktop, OpenCoin, PayNearMe, QuantConnect, TipRanks

FamZoo, LendUp, Money Desktop, PayNearMe, and TipRanks win Best of Show honors at FinovateSpring 2013 in San Francisco.

Blaze Mobile earns three NFC mobile payment patents.

OpenCoin announces completion of an angel funding round from Google Ventures and IDG Capital Partners.

ForexThink interviews QuantConnect founder and CEO Jared Broad.

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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Prestadero’s Peer-to-Peer Lending Platform Places Borrowers in Complete Control

By Julie Muhn (@julieschicktanz) Posted on May 15, 2013
Categories: FinovateSpring 2013, Prestadero

This is a part of our live coverage of FinovateSpring 2013.

Closing out FinovateSpring for us this afternoon,

Prestadero demoed its peer-to-peer lending platform:

“Prestadero uses its proprietary management software to originate loans in an extremely efficient way. Our platform allows us to parse out declined loans in seconds and determine rates for approved loans in less than 1 minute.

Our web interface allows lenders to view their entire portfolio in detail. Lenders can also view specific graphs and scorecards that allow them to make better investment decisions, even if they are not investment professionals. We provide lenders with tools, such as our “diversification index,” which quickly and comprehensively lets them know their risk exposure depending on the diversification of their loans. Our software also enables lenders to select multiple loans at once by filtering through the user’s selected criteria. They can also choose to reinvest their returns based on the same or a different set of criteria.

Through their online account, borrowers have full control over their loan’s entire process, from filling out the application to paying it off completely. We also charge the borrower’s bank accounts directly when their payments are due, diminishing delinquencies and providing a better service for our customers. The entire process is streamlined and coded with peer-to-peer finance in mind, reducing human interaction on the back-end of the technology and providing more accurate, up-to-date information on our front-end.”

Product Launch: June 2012

HQ: Mexico City, Mexico

Founded: April 2011

Metrics: 4,000+ registered users, $70M pesos in loan requests, $400K raised

Website: prestadero.com

Twitter: @prestadero

Presenting Gerardo Obregon (CEO & Founder) and Alejandro Ramos (Partner)

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Plastyc Demos the Backend of its BankingUP Platform

By Julie Muhn (@julieschicktanz) Posted on May 15, 2013
Categories: FinovateSpring 2013, Plastyc

This is a part of our live coverage of FinovateSpring 2013.

Next up this afternoon, Plastyc showed off the administrator-facing side of its BankingUP platform:

“Plastyc is demonstrating the administrator-facing side of the BankingUP platform, allowing issuing banks and program managers to:

Monitor and analyze cardholders’ financial activity in real time;

Monitor and analyze cardholders’ non-financial activity; e.g., usage of mobile apps and web, customer support interactions;

Communicate instantly with programmable subsets of cardholders via web inserts and smartphone push notification for marketing/upselling and product alerts.

This is a departure from traditional batch mode financial-transactions only reporting obtained from processors.”

Product Launch: November 2012

HQ: New York, NY

Founded: 2006

Metrics: 5K direct-to-consumer opened to date; platform deployed for a 3M card portfolio; 10 employees; $10M raised so far

Website: plastyc.com

Twitter: @ibankup

Presenting Patrice Peyret (CEO) and Colette Oliver (Director, Marketing)

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Zooz Consumer Driven Payment Platform Brings One Tap Checkout for Consumers and Higher Conversion Rates for Merchants

By David Penn Posted on May 15, 2013
Categories: FinovateSpring 2013, Zooz

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

Next up is Zooz, presenting their consumer-driven payment platform, which generates smart consumer insights to help merchants boost conversion rates while providing customers with a seamless buying experience.

“Zooz will show an exciting new feature that demonstrates an important use case of the Zooz consumer driven platform capabilities.”

Product Launched: March 2012

HQ Location: Raanana, Israel

Company Founded: June 2010

Metrics: Raised $3.5 million; 15 employees; more than 5,000 registered apps and sites

Website: zooz.com

Twitter: @ZooZpayments

Presenting Noam Inbar (VP Business Development) and Ronen Morecki (CTO & Founder)

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Adobe Introduces the Digital Marketing Cloud to Help FIs Manage Marketing Campaigns

By David Penn Posted on May 15, 2013
Categories: Adobe, FinovateSpring 2013

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

A complete set of analytics, social, advertising, targeting and web experience management solutions is what you’ll find in Adobe’s Digital Marketing Cloud, next up here at FinovateSpring.

“Capture data-driven customer insights and boost customer loyalty through useful online experiences. Captivate and connect with customers across business-critical digital channels using the Adobe Marketing Cloud. Maximize the value and impact of your institution’s online presence and drive online customer conversion using the robust analytics and powerful visualization tools in Adobe Marketing Cloud.

Launch, analyze, and refine lead generation campaigns across channels, including web, mobile and email. Get real-time insight into online campaign performance and engagement. Modify in-progress campaigns to increase response rates, conversion rates, and revenue. Then refine and personalize experiences to encourage repeat visits.”

Product Launched: October 2012

HQ Location: San Jose, California

Company Founded: December 1982

Website: Adobe.com

Twitter: @AdobeMktgCloud

Presenting Chris Young (Director, Industry Strategy, Financial Services) and Aaron Johnson (Principal Solutions Consultant)

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LendUp Ladder Helps the Underbanked Borrow and Build Credit

By David Penn Posted on May 15, 2013
Categories: FinovateSpring 2013, LendUp

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

Socially responsible lending to the underbanked? Meet LendUp and their program to use small dollar loans to help borrowers build credit.

“The LendUp Ladder changes the dynamics of a small dollar loan; rather than being a dangerous first step into a cycle of debt, small dollar loans become an opportunity to learn good financial behavior and to build credit.”

Product Launched: October 2012

HQ Location: San Francisco, California

Company Founded: November 2011

Website: lendup.com

Twitter: @LendUpLoans

Presenting Sasha Orloff (CEO & Co-Founder) and Jacob Rosenberg (CTO & Co-Founder)

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Gremln’s Secure Social Media Helps Regulated Companies Make the Most of Social Media

By David Penn Posted on May 15, 2013
Categories: FinovateSpring 2013, Gremln

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

Social media like Facebook and Twitter offer both opportunities and challenges for most financial institutions looking to use these tools to better engage with their customers. Coming next to the stage is Gremln, with technology specifically geared toward helping FIs take advantage of social media.

“Gremln is introducing its new Secure Social Media version, designed for financial services companies. This new product creates the ability for marketing and compliance departments to work together toward the common goal of utilizing social media to build business and retain customers through engagement; all without violating guidelines set forth by regulatory bodies like the SEC, FFIEC, and FINRA.

Keyword and phrase filtering, abstract concept matching, a structured approval process, archiving and custom permission settings for each department and team member. All posts are subject to an approval process that you custom design. Maximize your use of social media fearlessly.”

Product Launched: November 2012

HQ Location: San Francisco, California

Company Founded: May 2011

Metrics: $750,000 raised; 10 full-time employees; more than 130,000 registered users

Website: Gremln.com

Twitter: @Gremln

Presenting Ryan Bell (CEO) and Michele Lain (Customer Service Manager)

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Tradeslide Launches the Tradeslide Challenge to Gamify the Learning Process for Traders

By Julie Muhn (@julieschicktanz) Posted on May 15, 2013
Categories: FinovateSpring 2013, Tradeslide

This is a part of our live coverage of FinovateSpring 2013.

Third up this afternoon, Tradeslide launched the Tradeslide Challenge:

“The Tradeslide Challenge is a gamified learning process where traders compete to develop the skills that make up a solid trader (risk management, discipline, etc.), in the right order, one badge at a time.”

Product Launch: May 2013

HQ: London, England

Founded: March 2012

Metrics: €900,000, 10 employees, 1,000 pre-registered users, 2,000 unique visitors/month pre-launch

Website: tradeslide.com

Twitter: @tradeslide

Presenting Juan Colón (CEO) and Javier Colón (COO)

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Micronotes Showcases Real Results from its Cross-Sell Solution

By Julie Muhn (@julieschicktanz) Posted on May 15, 2013
Categories: FinovateSpring 2013, Micronotes

This is a part of our live coverage of FinovateSpring 2013.

Second up this afternoon, Micronotes showcased its Cross-Sell solution through one of its customers:

“Micronotes Cross-Sell is simply the most productive digital cross-sell tool on the market. One of our customers is demonstrating this by showing the product, sharing results and explaining what those results mean to his financial institution.”

Product Launch: July 2011

HQ: Cambridge, MA

Founded: June 2008

Metrics: $3.4M raised to date; 8 employees

Website: micronotes.com

Twitter: @micronotes

Presenting Ariel Taylor (Product Manager) and Kris VanBeek (CEO, USAlliance Credit Union)

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