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FIS Launches its Cloud-Based Mobile Wallet Platform with Cardless Cash Access

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

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

Mobile banking veterans FIS are now coming to the stage to unveil their new mobile wallet.

“The FIS Mobile Wallet is a cloud-based platform that gives financial institutions control of the branding and user experience within the application. As a fully enabled commerce solution, customers can add debit, credit, stored value and loyalty cards, as well as redeem mobile coupons and targets offers and pay bills. All credentials are stored securely in the cloud, not on the phone.

Cardless Cash Access allows users to make cash withdrawals at an ATM using only their smartphone. Authentication, account selection and amount selection all occur through the mobile app and a QR code is scanned to complete the transaction.”

Product Launched: May 2013

HQ Location: Jacksonville, Florida

Company Founded: January 1968

Metrics: More than 20 million mobile users; serves more than 14,000 institutions in more than 100 countries

Website: fisglobal.com

Twitter: @FISGlobal

Presenting Douglas Brown (SVP & GM, FIS Mobile) and Chris Gardner (Co-Founder, Paydiant)

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Quantopian Launches Live Trading from its Browser-Based Algoritmic Platform

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

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

Quantitative traders and investors! Start your algorithms! Quantopian Live Trading has landed.

“Quantopian Live Trading allows quants to trade on their algorithms directly from the Quantopian platform using only their browsers. Native to the cloud, Quantopian Live Trading combines historical data, algorithm simulation, external and live market data, brokerage integration, and algorithm development into a seamless, browser-only workflow.

Algorithms can go from historical backtesting to simulated real-time trading to live trading with the click of a button.”

Product Launched: May 2013

HQ Location: Boston, MA

Company Founded: June 2011

Metrics: $2.1 million in funding; 6 employees

Website: quantopian.com

Twitter: @quantopian

Presenting John Fawcett (CEO & Founder) and Jean Bredeche (CTO & Founder)

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Narrative Science Unveils Quill Portfolio Solutions

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

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

Fourth up on stage today, Narrative Science showcased Quill Financial Services:

“Narrative Science presents Quill for Financial Services, a suite of solutions that enables financial institutions to automatically analyze, interpret and gain human insight from data at a speed and scale never before possible.

A leading credit analytics firm is leveraging Quill to transform its data and risk assessment models into an investment report that combines both text and visualizations.

Quill is automatically creating attribution summaries that provide internal stakeholders and their clients with insight into the reasons behind portfolio performance.

Quill is creating personalized portfolio reviews for financial advisors and their clients. Advisors get the talking points they need for client conversations while their clients get clearly written account performance summaries.”

Product Launch: Quill Investment Research: Fall 2012, Quill Portfolio Solutions: Summer 2013

HQ: Chicago, IL

Founded: January 2010

Website: narrativescience.com

Twitter: @narrativesci

Presenting Kris Hammond (CTO) and Katy De Leon (Director, Marketing)

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TrustEgg Helps Parents (and Family and Friends) Save and Invest for Kids

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

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

Reminding us that preparing for a child’s future is a critical part of parenting, here’s TrustEgg with some ideas on planning for the financial side of that future:

“TrustEgg is the simple way to save for a child’s future. TrustEgg enables parents to create a Trust for their child in minutes for free. Parents can invite family and friends to make contributions. The Trust Fund is invested with Vanguard and earns a market rate of return until the child turns 18.”

Product Launched: February 14, 2013

HQ Location: San Diego, CA

Company Founded: January 1, 2011

Website: trustegg.com

Twittter: @trustegg

Presenting Jeffrey Brice (CEO) and John Zdanowski (CFO & COO)

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Leaf Unveils LeafPresenter to Broaden Small Business Payment Processing Options

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

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

Next to the stage is Leaf, presenting the second generation of its LeafPresenter tablet:

“Out-of-the-box, the LeafPresenter tablet lets small business owners create a virtual version of their store: catalogs, items, customers, employees, and inventory. The device can be set up in minutes and is designed to be handheld or stationary in its base, so merchants can immediately begin accepting payments, analyzing business performance, and engaging with their customers.

By supporting numerous payment technologies, the LeafPresenter gives merchants the power to work with the credit card processor, gift card provider, or next generation payment option of their choice, including PayPal, LevelUp, and various digital wallets.”

Product Launched: May 2013

HQ Location: Cambridge, MA

Company Founded: January 2011

Metrics: $4 million in funding raised; 20 employees; 100+ businesses using Leaf

Website: leaf.me

Twitter: @LeafYourLife

Presenting Aron Schwarzkopf (CEO)

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EyeVerify’s Eyeprints Provide Mobile Biometric Identity Verification

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

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

Starting off the show here in San Francisco is EyeVerify with a unique approach to eye-oriented identity authentication.

“EyeVerify has commercialized a software-only, biometric method for verifying the identity of mobile users called ‘Eyeprints’. The Eyeprint Verification System is based on the unique vein patterns in the whites of your eyes, and has fingerprint-level accuracy. Eyeprints require only the existing camera in a smartphone, so the system is not dependent on expensive fingerprint or iris scanning hardware.”

Product Launched: April 2013

HQ Location: Kansas City, Kansas

Company Founded: January 2012

Website: EyeVerify.com

Twitter: @EyeVerify

Presenting Toby Rush (CEO) and Chris Barnett (EVP Global Sales & Marketing)

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TransferWise Secures $6 Million in Series A Funding

By David Penn Posted on May 14, 2013
Categories: TransferWise

Led by Valar Ventures, the $6 million in capital represents the first European investment for Peter Thiel’s venture fund, and a major boost to the London-based, peer-to-peer money transfer startup.

Also participating in the round were existing investors including SV Angel.

In the two years since inception, TransferWise has raised more than $7 million in capital. The company, headquartered in London’s Tech city, was founded by Taavet Hinrikus and Kristo Kaarmann, and serves as an alternative to traditional money transfer services offered by banks and other FIs.

TransferWise supports transfers between major European currencies such as the Euro, British Pound, and Polish Zloty, as well as the Danish, Norwegian, and Swedish Krone.

At this time, transfers from the U.S. dollar into European currencies are not available through the service, but are expected in the near future. TransferWise is also looking to add another 12 new currencies, as well as launching in France, Germany, Italy, and Spain in 2013.

TransferWise has been referred to as a “simplified PayPal for business banking” and last month won Estonia’s “Best E-Service” contest. Hinrikus also made headlines this spring with his project to provide $100 million in fee-free cash transfers to European startups. The company has transferred more than £100 million for its customers since inception, more than half of that amount in the last six months.

TransferWise presented their technology as part of FinovateEurope in February. To see their demo, visit them at our FinovateEurope 2013 video page here.

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What to Expect When You’re Expecting….

By Julie Muhn (@julieschicktanz) Posted on May 13, 2013
Categories: FinovateSpring 2013

…To come to FinovateSpring tomorrow? We’re here at the Concourse Exhibition Center (635 8th Street at Brannan), watching presenters place the final touches on their live demos.

We’ve seen all types of fintech solutions from companies ranging from 1 employee to more than 35,000. These companies are coming to us from across the globe, with a heavy concentration in the bay area.

Here’s the complete picture (click to enlarge):

Don’t miss your opportunity to meet executives from fintech startups and established companies and see their brand new technology demonstrated live. Get your ticket here.

Our new in-conference networking tool, FinovateConnect, is now available in beta and will be debuted to the audience tomorrow. This makes it even easier to introduce yourself to individual presenters and attendees in a crowd of 1,200+ people. Attendees will receive an email detailing the sign-up process and instructions.

If you have last-minute questions about FinovateSpring, please see our FAQ. We’re looking forward to seeing all of you tomorrow!

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Finovate Alumni News– May 13, 2013

By David Penn Posted on May 13, 2013
Categories: EyeVerify, FIS, Flint Mobile, Heckyl Technologies, Quantopian

Heckyl Technologies named fastest growing enterprise startup in Indian brokerage industry.

InvestorPlace interviews Flint Mobile CEO and co-founder, Greg Goldfarb.

EyeVerify raises $2.3 million in Series A round. See them demo at FinovateSpring in San Francisco this week.

Advanced Trading takes a look at Quantopian and the rise of the new quants. Meet them at FinovateSpring.

FIS to provide core banking, back-office processing support to UK-based Sainsbury’s Bank.

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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If You’re Going to San Francisco … Join Us for FinovateSpring 2013

By David Penn Posted on May 12, 2013
Categories: FinovateSpring 2013

Before every Finovate event, we try to provide a sense of the areas in which our presenting companies, large and small, are innovating.

Our Themes Word Cloud for FinovateSpring 2013 includes some familiar topics, as well as a number of new themes that have moved to the front of the pack this year.

FS2013 Word Cloud v7b.jpg In addition to presenting some of the most interesting innovations in fintech, FinovateSpring is a great opportunity for industry professionals to meet, network, and get to know one another.

The fact that titles like “Director”, “CEO,” and “SVP” (senior vice president) are so prominent in our Titles Word Cloud is a testament to the role Finovate plays in helping both fledgling startups and established innovators introduce their technologies to the public.

FinovateSpring 2013 is the largest Finovate yet, besting last year’s record-setting event. Be sure to follow us here at Finovate.com and on Twitter (@Finovate) Tuesday and Wednesday for our all-day coverage, live from San Francisco. Also, download the latest edition of the FinovateSpring 2013 mobile app, available for free on iPhone, iPad, and Android devices.

Lastly, if you’d like to take a look at who’s presenting when, please visit our Demo Schedule page for more information.

See you in the City by the Bay.

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AuthenticID Available to US Bankcard Services Members

By David Penn Posted on May 10, 2013
Categories: authenticID

US Bankcard Services has announced that the identity authentication services of AuthenticID will be available to its merchants.

AuthenticID’s solution uses scanners with built-in barcode and magnetic stripe readers. With access to most international and North American government identity document issuers, the company’s software is able to compare a scanned ID to the ID in its document library.

The process is quick and works with driver’s licenses, green cards, and other types of government issued-identification.

US Bankcard Services was founded in 1996 by Chris Chang, who currently serves as president. The company is headquartered in City of Industry, California. Here are some additional metrics on US Bankcard Services:

Serves more than 10,000 merchant accounts
Has processed more than $11 billion
Offers a 95% approval rate within 24 hours
Has more than 100 employees

AuthenticID will be presenting its technology as part of FinovateSpring, May 14 and 15 in San Francisco. To learn more about the event, visit our FinovateSpring page here.

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Finovate Alumni News– May 10, 2013

By Julie Muhn (@julieschicktanz) Posted on May 10, 2013
Categories: Bolstr, Palo Alto Software, Ping Identity, QuantConnect, Virtual Piggy

Palo Alto Software and Ping Identity partner to provide single sign-on.

PC World features Virtual Piggy. Come see its live demo at FinovateSpring next week.

Bolstr launches in Chicago neighborhoods.

ForexThink takes a look at QuantConnect and the rise of algorithm-based trading.

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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