Blog - Page 929 of 1225

BizEquity Takes on the Business Valuation Market

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: BizEquity, FinovateFall 2013

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

Next, BizEquity demonstrated how it helps businesses discover, manage, and optimize their value:

“There are more than 28M business owners in the US – 75% don’t know what they are worth and 50% are under-insured. The market for business valuation is a $2.8B dollar market, with 99.7% being conducted offline at $8,000 per report and taking up to 6 weeks.

BizEquity has revolutionized the market by putting it online helping to enable more businesses to discover-manage-and optimize their value. BizEquity helps every financial institution help business owners better understand their value and what they can do to better protect themselves.”

Product Launch: July 2012

Metrics: With more than 50,000 users & over 12 private label channel partners to date, 60 patents & inventions filed, 2 patents granted already, & over 3 years of technology development & $7M invested into building the system, BizEquity has become the first & leading cloud-based business valuation service.

Product distribution strategy: Direct to Businesses online at BizEquity.com and indirect via the channel and private label agreements with leading financial and data institutions.

HQ: Wayne, Pennsylvania

Founded: May 2010

Product Demoed: BizEquity Valuation Engine and VaaS™ Cloud Service

Website: bizequity.com

Presenting Michael Carter (CEO) and Semyon Fishman (VP Product Engineering)

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

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Guide Financial Provides Affordable Personal Money Mentorship with Savings Scan

By David Penn Posted on September 10, 2013
Categories: Guide Financial

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

Guide Financial is next up to the stage. The company’s technology brings affordable financial guidance to the 70% of Americans that don’t have access to it.

“Guide’s Savings Scan automatically analyzes users’ finances to find savings in multiple areas and provides step-by-step guidance to help users easily capture these savings.

We will demonstrate how Guide’s technology works for mortgage refinancing, as it helps users make smart choices for every major savings opportunity – from picking the perfect loan type through to paying less on closing costs.”

Product Launch: November 2012

Metrics: $500,000 raised; 4 employees; average savings of $7,000 per user

Product distribution strategy: Direct to Consumer (B2C) & through other fintech companies and platforms

HQ: San Francisco, California

Founded: November 2012

Website: guidefinancial.com

Twitter: @GuideFinancial

Presenting Uri Pomerantz (Co-Founder & CEO) and Scott Burns (Co-Founder)

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

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CR2’s BankWorld Helps FIs Engage the Right Customer on the Right Channel

By David Penn Posted on September 10, 2013
Categories: CR2, FinovateFall 2013

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

CR2 is making its way to the stage right now. The company is demoing its BankWorld ATM Studio.

“CR2 brings an innovative perspective to the ATM channel through a never seen before touchscreen interface inspired by kiosk and mobile practices. With CR2’s BankWorld, ATMs become interactive, promote cross-selling, and provide a unique, tailored customer experience.”

Product Launch: September 2013

Metrics: Over 100 banks in 60 countries have adapted CR2’s solutions. CR2 has a network of well-established offices strategically located in 6 countries: Ireland, Australia, India, South Africa, UAE, and Jordan with 180 employees.

Product distribution strategy: Direct to Business (B2B) & licensed

HQ: Dublin, Ireland

Founded: 1997

Website: CR2.com

Twitter: @CR2_Ltd

Presenting Lance Gourlay (CR2 Regional Director), Patrick Simons (Principal Consultant), and Eugene Podzorov (CR2 ATM Expert)

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

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FinanceIt’s New iPad App Gives Borrowers Instant Loan Approval at the Point-of-Sale

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: FinanceIt, FinovateFall 2013

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

FinanceIt demonstrated how its technology provides consumer financing at the point-of-sale:

“FinanceIt iPad App with ID scan instant approvals and borrower facing online application form that merchant Partners can embed anywhere.”

Product Launch: January 2011

Metrics: FinanceIt has over 2,500 merchant partners who have processed over $400M in loan volume since launch. There are currently 40 employees and we have raised $8M. We are closing a $10M to $13M US expansion round this year.

Product distribution strategy: SEO, SEM, Trade Advertising, Partnerships, Sales, Business Development, & PR

HQ: Toronto, ON, Canada

Founded: January 2011

Website: financeit.ca

Presenting Michael Garrity (CEO), Casper Wong (COO), and Paul Sehr (CTO)

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

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AuthenticID’s PictureID Heralds the End of ID Fraud

By David Penn Posted on September 10, 2013
Categories: authenticID, FinovateFall 2013

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

Our next presenter is authenticID, demoing their identity proofing solution, pictureID.

“authenticID’s identity authentication solution, pictureID annihilates ID fraud. It is the only system that’s invulnerable to fraud schemes. Our unique agreements allow pictureID to connect directly with document issuers in the U.S. and Canada. This allows companies to go directly to the source for identity authentication.

Unlike current identity proofing providers – we don’t ‘guess.’ We provide absolute confirmation since document issuers records are unique to every citizen. There’s no way to trick pictureID – it returns a picture of the real consumer on file with the document issuer – with 100% accuracy.”

Product Launch: May 14, 2013

Metrics: Over $1M pledged; installed in nuclear facilities, either in or starting proof of concept with a major U.S. telecom, retailer, and a top 5 bank.

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

HQ: Atlanta, Georgia

Founded: January 2012

Website: authenticid.co

Twitter: @authenticID

Presenting Blair Cohen (CEO), Karl Perman (VP Business Development)

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

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Build Your Own Branded App Store with MarketMaker from SaaS Markets

By David Penn Posted on September 10, 2013
Categories: FinovateFall 2013, SaaS Markets

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

Up next is SaaS Markets. The enterprise app store company has developed a platform that allows FIs to build, brand, and launch their app store in weeks rather than months.

“SaaS Market’s MarketMaker Enterprise App Store Platform allows financial companies to deploy a fully branded app store containing your proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications.”

Product Launch: January 2013

Metrics: Funding $3.5M (private) & 20+ employees in US and Europe

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

HQ: San Mateo, California

Founded: November 2011

Website: saasmarkets.com

Twitter: @SaaSMarkets

Presenting Ferdi Roberts (CEO & Founder) and Cameron Ministri (Enterprise Sales Manager)

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

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Instabank Debuts Mobile-Only Bank

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: FinovateFall 2013, Instabank

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

Next, Instabank demonstrated the capabilities of its mobile-only bank:

“Instabank is a mobile-only bank. Instabank’s main goals are to: Help people enjoy the simplicity of managing their bank account, bring the social aspect into the area of personal finance, unlock viral growth in user acquisition, and become the Dropbox of retail banking.

Key features: Real-time activity stream, add comments, photos, and Foursquare venues to purchases, send money to Facebook friends, send money to nearby Instabank users, up to 10% APR for checking accounts, ATM map showing distance to nearest free ATM, bill pay, share purchases on Facebook, search purchases using keywords, split a bill with friends, design your own debit card using Instagram photos, and PFM with expense category statistics and analytics.”

Product Launch: April 2013

Metrics: Thousands of users a few months after launch.

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

HQ: Prague, Czech Republic

Founded: August 2012

Website: instabank.eu

Twitter: @instabankru

Presenting Roman Potemkin (Co-Founder & CEO) and Alexey Shelestenko (Head of Marketing)

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

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StrategyCorps’ BaZing Helps Financial Institutions Bring in Fee Income from Checking Accounts

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: FinovateFall 2013, StrategyCorps

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

Next, StrategyCorps demonstrated its BaZing solution:

“Every financial institution needs more fee income. The challenge is how to get more without ticking off customers. Thoughtlessly slapping a new fee on an existing traditional service isn’t the answer (remember the $5 debit card fee debacle). BaZing, through its mobile and online delivery platforms, smartly provides consumer-demanded benefits so relevant and appealing, customers gladly pay for it.

How much? On average, about one-third of your consumer checking relationships will pay nearly $75 per year. BaZing brings customer-friendly, non-overdraft related fee income like no other retail banking service. BaZing is the new cha-ching!”

Product Launch: April 2012

Metrics: 43 FTE employees, 1M full fee paying users, 350,000 partial fee paying users, & 200 financial institution clients

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

HQ: Brentwood, TN

Founded: November 2001

Website: strategycorps.com

Twitter: @StrategyCorps

Presenting Mike Branton (Managing Partner) and Dave DeFazio (Partner)

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

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Yodlee Debuts TANDEM to Help Groups Manage and Discuss Shared Finances

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: FinovateFall 2013, Yodlee

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

Yodlee took the stage next to debut its new TANDEM product:

“When it comes to finances, where you stand depends on which “hat” you’re wearing. Most people have several “shared finances” in their life. Elderly parents. Spouses. Children. Friends. Now, through a single app, you can manage them all. Yodlee created TANDEM to enable safe and meaningful dialogue about finances between individuals and among groups.

With its unique tools to access, learn, manage, project, and control, TANDEM empowers you to make financial decisions as a family, a couple, a group, or a parent. And making financial decisions has never been more rewarding or more actionable. Close, Closer, Closest. Regardless of the relationship(s), you get one app, different views, full financial control.”

Product Launch: September 2013

Metrics: Yodlee is a global financial leader with 600+ customers, 50M+ users, and more than 700 employees worldwide. From leading financial institutions to Fortune 500 consumer service companies to the coolest startups, Yodlee powers innovative digital services shaping the future of customer interactions. With 25%+ year-over-year revenue growth, Yodlee continues to expand in existing and new markets globally.

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

HQ: Redwood City, CA

Founded: February 1999

Website: yodlee.com

Twitter: @yodlee

Presenting Anil Arora (President & CEO) and Katy Gibson (VP Applications)

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

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Capital Access Network Launches “Mobile Funder” Tool

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: Capital Access Network, FinovateFall 2013

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

Capital Access Network launched Mobile Funder:

“Mobile Funder is a tablet-based tool enabling time-starved, “on the move” financial sales/ISO representatives selling alternative capital to small businesses with the ability to complete their sales process in one visit.

Mobile Funder empowers reps to securely pre-qualify prospects, authorize credit checks, propose multiple finance options and submit applications in minutes, eliminating paper applications and the need for multiple visits. The result: This all-in-one tool gives small business finance reps the power to close more deals and deliver capital faster.”

Product Launch: September 2013

Metrics: CAN has helped small businesses access $3B+ in over 120,000 transactions. CAN operates with 425 employees in 4 locations. CAN secured $30M in venture funding from Accel Partners in 2012 and expanded its credit line by $165M in May 2013, bringing its total line to nearly $500M.

Product distribution strategy: Direct to Business (B2B)

HQ: New York, NY

Founded: 1998

Website: capitalaccessnetwork.com

Twitter: @CANCapital

Presenting Daniel DeMeo (CEO) and Brent Harrison (Director of Marketing, Alliance & Partnerships)

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

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TipRanks Presents its Cloud-Based Accountability Engine for Investors

By David Penn Posted on September 10, 2013
Categories: FinovateFall 2013, TipRanks

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

Next up in our second session of the day is TipRanks. TipRanks was recognized among the “Best of Show” at FinovateSpring 2013 in San Francisco.

“TipRanks is an independent, cloud-based service that collects, sorts, and presents unbiased, comparative metrics about stock recommendations published online from financial experts. TipRanks categorizes this advice by a combination of two key factors: the ability of a recommendation to generate excess profit above the S&P 500, and the percentage of times recommendations outperform the S&P 500.

“These metrics help communicate in real-time the accuracy and credibility of individuals providing such advice. It allows the individual investor to decide who to trust.”

Product Launch: April 2013

Metrics: $700,000 raised & 10 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed

HQ: Tel Aviv, Israel

Founded: June 2012

Website: tipranks.com

Twitter: @TipRanks

Presenting Gilad Gat (Co-Founder & CTO) and Tomer Turgeman (VP, Business Development)

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

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Deluxe and VerifyValid Team Up to Provide Secure Electronic Checking

By David Penn Posted on September 10, 2013
Categories: Deluxe, FinovateFall 2013, VerifyValid

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

Next up is a joint presentation from Deluxe Corporation and VerifyValid. The two are teaming up to bring electronic check payments to small businesses and consumers.

“VerifyValid lets customers make/receive check payments entirely online, utilizing virtual lockbox and remote deposit capture systems, or by printing checks on plain paper.

The partnership between Deluxe and VerifyValid will soon introduce secure electronic check payments to the 4M small business and 5,700 bank customers currently served by Deluxe.

Using an unprecedented secure platform and patented fraud prevention, VerifyValid can lower an organization’s costs while increasing efficiency, sustainability, and financial security with every payment.”

Product Launch: July 2013

Product distribution strategy: In presenting VerifyValid to its customer base, Deluxe will employ a multi-channel strategy, including printed and electronic marketing, a direct sales force, FI, and telecommunications client referrals, purchased search results from online search engines, and independent distributors and dealers to promote and sell a wide range of customized products and services.”

HQ: Deluxe Corp – Shoreview, Minnesota; VerifyValid – Grand Rapids, Michigan

Founded: Deluxe Corp – 1915; VerifyValid – 2010

Website: deluxe.com | verifyvalid.com

Twitter: @deluxecorp | @verifyvalid

Presenting Paul Doyle (CEO & Founder, VerifyValid) and Malcolm McRoberts (SVP Small Business Services, Deluxe)

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

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