Blog - Page 942 of 1215

Yseop Financial’s Software Suite Uses Artificial Intelligence to Help Save Time and Money Spent Writing Reports

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

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

First up in the second session, Yseop took the stage to showcase Yseop Financial:

“Yseop Financial represents the latest round of financial applications developed on Yseop’s technology. This suite of products covers the full range of possibilities offered by Yseop’s text-generating software, including a prep-to-meeting report, an automatically generated two-page financial executive summary based on the latest market data, and a personalized retirement planning application.”

Product Launch: January 2013

HQ: Dallas, TX (U.S. Headquarters); Lyon, France (European headquarters)

Founded: 2008

Metrics: Privately self-funded; 20+ years of research to develop the technology; first commercialized in France as a middleware in 2008; opened U.S. headquarters in Dallas in 2012; 25 employees worldwide: 10 in Lyon, 6 in Paris & 9 in Dallas; 20+ large companies/clients; largest implementation: “prep-to-meeting” application deployed for 12,500 retail bankers.

Website: yseop.com

Twitter: @yseopAI

Presenting John Rauscher (CEO) and Elizabeth Farabee (VP Marketing)

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BBC Easy Saves Borrowers and Lenders Time by Automating the Verification Process

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

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

Last up in the first morning session, BBC Easy showed how it can help make the borrowing process fast and simple:

“BBC Easy reads lender-specified data directly from the borrower’s accounting systems for verifying loan compliance and financial viability. BBC Easy also fully calculates the borrowing base certificate for borrowers saving massive time for lenders and borrowers. It is mind-bogglingly simple to use for lenders and borrowers and provides brilliant growth potential for commercial lenders.”

Product Launch: November 2012

HQ: Seattle, WA

Founded: August 2010

Metrics: 6 employees

Website: bbceasy.com

Twitter: @BBC_Easy

Presenting James Walter (CEO) and Corey Ross (VP Sales)

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FlexScore’s Web-Based Platform Gamifies the Financial Planning Process

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

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

As we move toward the end of the first session of Day Two of FinovateSpring, here is FlexScore with their financial planning and goal setting solution.

“At the core of our platform is the FlexScore ‘scoring engine’ comprised of multiple factors the Certified Financial Planner Board of Standards agrees should be monitored by consumers. Based on our patent-pending algorithm, FlexScore is an industry first, a single gauge of a person’s overall financial health. Until now, there’s never been a comprehensive score that represents ‘who’ you are financially. Through a combination of gamification strategies, custom action steps, peer ranking, and the ability to model financial decisions to see how they will impact your future . . . we make improving one’s financial health a fun and achievable goal.”

Product Launched: May 2013

HQ Location: San Francisco, California

Company Founded: May 2012

Metrics: $1.5 million raised; 6 employees

Website: flexscore.com

Twitter: @myflexscore

Presenting Jason Gordo (CEO) and Jeff Burrow (President)

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Kofax Debuts Customer On-Boarding Solution

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

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

Afterwards, Kofax debuted its customer on-boarding solution:

“Kofax will demonstrate how banks can onboard customers to specific products, services or accounts and capture customer content, data, and documents in support of the onboarding process directly from the mobile device.

Customers will be prompted to submit information that is automatically extracted, validated for accuracy, and then utilized in the decision process. In cases of exceptions or errors, users will interactively be guided through the resolution process of providing a trailing document (supplemental information) or providing additional clarification or information for the purpose of opening the account.”

Product Launch: March 13, 2013

HQ: Irvine, CA

Founded: 1985

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

Website: kofax.com

Twitter: @kofax

Presenting Anthony Macciola (CTO) and Diane Morgan (Sr. Business Development Manager)

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Encap’s Multi-Factor Authentication Solution Provides Speed and Security

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

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

Bridging the gap between banking grade security and user experience is our next presenter, Encap.

“The Encap product is a software-based authentication solution that provides uncompromising speed, security, and simplicity to boost the adoption of financial services and applications. It allows any service provider to offer two- and three-factor authentication using the customer’s smart device.

Integrating Encap’s client SDK with a native app creates a seamless, familiar login experience while maintaining banking-grade access security. The 1st (“know”) factor is the user-defined PIN, the 2nd (“have”) factor is the uniquely identifiable smart device and the 3rd factor (“are”) is the user’s typing behavior. By integrating with Encap’s server-side SDK, the service provider can use Encap’s solution as part of its existing identity management access control service and signature systems.”

Product Launched: December 2012

HQ Location: Oslo, Norway

Company Founded: June 1, 2008

Metrics: 8 employees

Website: encapsecurity.com

Twitter: @encapsecurity

Presenting Thomas Bostrøm Jørgensen (CEO)

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Fiserv’s Snap to Tag Feature Brings More Detail to PFM

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

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

Then, Fiserv showcased its new Snap to Tag feature:

“Snap to Tag brings together real-world receipts with digital experiences. It enables consumers to take a photo of a merchant receipt within their mobile banking application, extracting key data elements and automatically attaching the image and its data to transaction details within mobile and online banking transaction listings. Consumers can then review the image if they have any queries at some point in the future. It addresses specific use cases like having receipts for expense management and / or product warranties.

Snap to Tag will be a feature within our Mobiliti application – our market leading mobile banking and payment platform.”

Product Launch: Available now for pilot

HQ: Brookfield, WI

Founded: July 1984

Metrics: 2012 Revenue: $4.4B, 2012 Net income: $611M, Employees: about 20,000 worldwide, 16,000 financial institutions and businesses worldwide, 6,000 account processing clients

Website: fiserv.com

Presenting Andrew Barnett (Sr. Mobile Solutions Consultant) and Caroline Jones (User Experience Designer)

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LICUOS Launches Secure, B2B Payables, Receivables Processing Solution

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

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

Coming to the stage next to present their global B2B payment platform is Madrid-based LICUOS.

“LICUOS is demoing its core technology: a unique proprietary and patent-pending technology that enables an efficient and highly secure processing of accounts payable and receivable transactions, 24/7 and in real-time, to deliver the best financial optimization and user experience. Our algorithms automatically identify and generate the most convenient and efficient netting, payment and funding proposals. They manage all of the associated transactions that allow businesses to significantly reduce or eliminate their commercial debts. LICUOS gives businesses full control and visibility into the payment process and allows them to easily communicate and negotiate with their business partners.”

Product Launched: 2013

HQ Location: Madrid, Spain

Company Founded: December 2012

Metrics: Product in development since early 2012; seed capital from IDEON Financial Solutions & AVS

Website: licuos.com

Twitter: @licuos_en

Presenting Iker de los Rios (CEO & Co-Founder) and Lander Gonzalez (Co-Founder)

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Go Social: Finect Introduces its Online Social Network for the Financial Industry

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

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

Coming to the stage next is Finect, the online social network for financial advisors, asset managers, investors, and other industry professionals.

“The first social network focused solely on the needs of the industry features:

Professional Verification – the only network to check credentials and raise the quality of the network

Groups – the ability to create public or private groups to update customers or employees instantly or build brand and awareness with prospective clients

One-Stop Social Communications – post once and share content with many (LinkedIn, Twitter)

Social Products – investment products that can now be followed for real-time alerts and community opinions

Compliance – full permissions, content controls, archiving, and reporting for compliance officers and marketers to remain SEC/FINRA compliant.”

Product Launched: May 2013

HQ Location: New York, New York

Company Founded: 2012

Website: finect.com

Twitter: @finectcom

Presenting Jennifer Openshaw (President) and Nicolas Oriol (CEO & Founder)

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Signifyd Debuts Guaranteed Payments Solution to Help Online Merchants Minimize Card-Not-Present Fraud

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

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

Second up today, Signifyd showed how its Guaranteed Payments solves costly card-not-present fraud:

“Today, Card-Not-Present merchants are liable for fraud chargebacks. As brick-and-mortar businesses move online, their losses increase. The techniques used by fraudsters are evolving quickly, forcing merchants to become experts on device fingerprinting, IP Geo-Location, NAP Checks, BIN lookups and social spoofing.

Signifyd abstracts this away by connecting all the data needed to screen a transaction and looking at the identities involved holistically. With Signifyd, merchants get a one-stop solution, from automated scoring to manual review, even without any internal history on the customer. And with Guaranteed Payments, Signifyd takes the liability in the case of a mistake. “

Product Launch: March 2013

HQ: Palo Alto, CA

Founded: June 2011

Metrics: $2.2M seed, 6 employees

Website: signifyd.com

Twitter: @signifyd

Rajesh Ramanand (CEO & Co-Founder)

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Finovera’s Personal Bookkeeper System Helps Keep Your Finances Organized

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

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

First up on the second day here at Finovate, Finovera showcased its solution that helps organize your financial life:

“Finovera is like your personal bookkeeper. You setup your accounts once, and it automatically downloads up to 12 months of your statements, organizes them and presents them to you with detailed analysis. Now it is possible to organize your financial life in less than 10 minutes! No paper clutter, no late fees and no excuses! You receive automatic alerts when new bills are due or higher than usual. Not sure if you have to move money around to pay your bills? No problem – we’ll let you know.”

Product Launch: May 2013

HQ: Milpitas, CA

Founded: May 2011

Metrics: 15 Employees

Website: finovera.com

Twitter: @finovera

Presenting Purna Pareek (CEO) and Preeti Ray (Sr. Product Manager)

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InvoiceASAP Unveils their Mobile Invoice Network for the Enterprise

By David Penn Posted on May 14, 2013
Categories: FinovateSpring 2013, invoiceASAP

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

Our final presentation of Day One of FinovateSpring 2013 comes courtesy of InvoiceASAP, who is bringing mobile and cloud-based innovation to the world of business invoicing.

“InvoiceASAP is showing how the platform works with QuickBooks Online, Capital One Spark Payments for mobile payments, and mobile printing using the Zebra family of Bluetooth printers. InvoiceASAP is launching the Zebra printer integration on stage as well as our open API for Enterprise developers.”

Product Launched: May 2011

HQ Location: San Francisco, California

Company Founded: November 2010

Metrics: $435,000 raised; 120,000 registered accounts; $20,000 in monthly revenues; 3.5 employees

Website: invoiceasap.com

Twitter: @invoiceasap

Presenting Paul Hoeper (CEO) and Anne Maxwell (CTO)

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FamZoo Unveils its Prepaid Card Family Pack to Enable Kids to Save and Spend with their Own Prepaid Card

By Julie Muhn (@julieschicktanz) Posted on May 14, 2013
Categories: FamZoo, FinovateSpring 2013

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

Then, FamZoo launched its Prepaid Card Family Pack:

“The Prepaid Card Family Pack is a uniquely affordable, convenient, and educational MasterCard reloadable card offering designed specifically for families. Linked together and accessed online through FamZoo’s Virtual Family Bank software, the cards are used collaboratively to share funds between family members and develop financial responsibility.

Parent cards serve as the automated funding source for allowance, chores, odd jobs, ad-hoc transfers, reimbursements, compound interest, and matching contributions. Children sign in separately to monitor spending, while parents retain control through a shared dashboard. Additional tools include collaborative budgets, interactive savings planners, “child bill pay,” and automated IOU tracking.”

Product Launch: May 2013

HQ: Palo Alto, CA

Founded: 2006

Metrics: Private Funding $1.1M, FamZoo.com launched 2010, FamZoo Partner Edition launched 2011 (FinovateFall 2011 Best of Show winner), 5,000 registered families, 13.7% trial-to-paid conversion rate, $1.4M of spending/giving transactions by kids tracked to date

Website: famzoo.com

Twitter: @FamZoo

Presenting Bill Dwight (CEO & Founder)

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