Blog - Page 972 of 1192

aSpark Launches Stock Panorama

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: aSpark, FinovateFall 2012

Next, aSpark launched Stock Panorama to give users a 360 degree view of relevant information about their personal stocks:

“Stock Panorama brings what matters to an investor’s portfolio – combination of relevant and key market data, analyst sentiment and social intelligence to your mobile device. Today, you seek this information. Stock Panorama reduces the homework and brings it to you when it matters so that you are never surprised!

The app follows key events and information around these events for your stocks and integrates them into your personal calendar – so you can see what’s ahead for your investments. You get the right information anywhere, anytime.”

Product Launched: September 2012

HQ Location: New York, NY

Company Founded: December 2011

Metrics: $750K raised to date, 50 employees based in New York, NY and Mumbai, India

Website: aspark.com

Twitter: @aSparkInc

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Raj Patil (CEO) and Rajul Rana (CTO)

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Cachet Financial’s CheckReview Helps Identify Check Fraud

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: Cachet Financial Solutions, FinovateFall 2012

Then, Cachet Financial launched its CheckReview Solution:

“Our patent-pending CheckReview Solution is a proprietary technology that helps financial institutions to identify potential check fraud by giving them the ability to view and validate the digital image of the check in real time.

In the past, financial institutions could only view a check image after it had been cleared for deposit. By allowing access to the images before clearing, Cachet gives clients greater control in mitigating check fraud.”

Product Launched: September 2012

HQ Location: Minneapolis, MN

Company Founded: February 2010

Website: cachetfinancial.com

Twitter: @CachetFinancial

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Larry Blaney (EVP of Sales) and Christopher Ebbert (Chief Information Officer)

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Thomson Reuters Enables FIs to Create Market Monitoring and Investing Apps

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: FinovateFall 2012, Thomson Reuters

Afterward, Thomson Reuters took the stage with its App Store solution:

“Thomson Reuters is pleased to introduce their App Store solution that enables access to the latest innovative capabilities and tools for use across the digital enterprise.

The Thomson Reuters solution enables financial institutions and third party developers to effortlessly create pioneering market monitoring and investing apps. By seamlessly integrating the combination of Thomson Reuters content assets with a firm’s customer account data and other data sources, Thomson Reuters is helping institutions leverage the providers of financial insight to deliver a differentiated experience for their customers while lowering both development costs and time to market.”

Product Launching: Late 2012

HQ Location: New York, NY

Company Founded: 1851

Metrics: 50,000 employees, $12.9B revenue

Website: thomsonreuters.com

Twitter: @thomsonreuters

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Jaime Punishill (Global Head of Digital Distribution & Content) and Michael Gavronsky (VP Financial Services EPAM Systems)

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Ohpen Introduces Cloudbanking Platform

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: FinovateFall 2012, Ohpen

Then, Ohpen took the stage with its cloudbanking platform:

“Ohpen developed a fully automated and integrated multilingual cloudbanking platform for the operation, administration, reporting and distribution of mutual funds investing and savings accounts. The website as well as the mid and back office and CRM are integrated in one application. The idea behind the platform is that it should be possible to offer unlimited scalability, availability, security and flexibility of services. In addition, profound automation of processes and services is key.

The platform is being hosted in the cloud and therefore is not installed locally at the bank (as all old-fashioned financial institutions do). The choice for this hosting solution will result in a 90% cost reduction.

Use of the platform will limit the number of employees needed to run day-to-day operations and decrease investment in hardware and software.”

Product Launched: April 2012

HQ Location: Amsterdam, The Netherlands

Company Founded: April 2009

Website: ohpen.nl

Twitter: @OhpenBeleggen

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Chris Zadeh (CEO)

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Locaid Demonstrates Geofence, a Geolocation API

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: FinovateFall 2012, Locaid

Next, Locaid demonstrated Geofence:

“Locaid Geofence is a new API that allows financial services, bank and card issuers to combine and compare real-time customer locations with card swipe and transaction location data (POS et al).

Using Locaid’s Location-as-a-Service, banks can compare mobile location to POS locations to determine fraud potential, reduce false positives and drive enhanced cardholder engagement. The Geofence API also allows the bank to create alerts whenever cardholders enter or leave the defined areas, such as branch or ATM locations.”

Product Launched: July 2012

HQ Location: Boca Raton, FL

Company Founded: 2005

Metrics: $26.2M total in venture funding: Series A (November 2005) $5M; Series B (January 2008) $8.15M; Series C (February 2011) $13M

Website: loc-aid.com

Twitter: @Locaid

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Rip Gerber (CEO)

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ImpulseSave Gives Users a Point of Saving

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: FinovateFall 2012, ImpulseSave

Third to take the stage, ImpulseSave launched its platform that gives users a point of saving:

“ImpulseSave’s new savings tools make saving just as easy, as front-of-mind and as fun as spending. Our users are saving between two and three times the national average and are engaging on a daily and weekly basis.

Through our simple web and mobile apps we offer an alternative gratification experience to consumption that redirects that money toward saving. In addition to, instead of, or whenever the impulse strikes them, Consumers now have a “Point of Saving” at every point of sale, and at every point in between.”

Product Launched: September 2012

HQ Location: Cambridge, MA

Company Founded: February 2011

Metrics: 4 full-time employees

Website: impulsesave.com

Twitter: @impulsesave

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Phil Fremont-Smith (Co-Founder & CEO) and Anne Steinhaus (VP Product)

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IND Group Launches Solution to Help Customers with Financial Planning

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: FinovateFall 2012, IND Group

Second up, IND Group launched Story of My Finances:

“Story of My Finances is a completely new approach to digital financial customer service. It takes online banking and PFM to a next level of mass retail financial planning and advice.

Stories are customer-driven financial life processes, like “How to spend less”, “Prepare for a rainy day”, “Buy a home” or “Retirement planning.” Stories help end-customers to get financially fit and to have a peace of mind. Stories are the missing link between everyday people and financial products. We believe that we can improve people’s financial life by licensing our white-label technology to financial institutions.”

Product Launched: September 2012

HQ Location: Munchen, Germany

Company Founded: 1997

Metrics: 12M € in revenue, 7 offices, 225 employees, 30 retail banks and financial institutions as clients

Website: indgroup.eu

Twitter: @indgroup

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Jozsef Nyiri (Founder & Chief Innovator) and Roland Pecsenye (Founder & Executive Chairman)

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IDology’s Security Uses Transaction Data to Authenticate Users

By Julie Muhn (@julieschicktanz) Posted on September 13, 2012
Categories: FinovateFall 2012, IDology

First on stage for day two of Finovate, IDology showed how it can use customer transaction data to authenticate users:

“Our new product, ExpectID Enterprise, is the next generation of knowledge-based authentication and allows businesses to present custom, out-of-wallet questions to consumers using their own data. Banks are able to leverage IDology’s SaaS solution to generate out-of-wallet questions from their internal proprietary customer transactional data located behind their firewall and without ever having to share that data with us.

This allows banks to replace their shared secret questions (What is your mother’s maiden name?) with a higher security model that isn’t compromised by social media. ExpectID Enterprise helps banks meet FFIEC compliance guidelines while creating a safer authentication method on high-risk transactions.”

Product Launched: February 2011

HQ Location: Atlanta, GA

Company Founded: 2003

Website: idology.com

Twitter: @IDology

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing John Dancu (CEO) and Chris Luttrell (VP Product &

Customer Service)

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MShift Introduces AnyWhereMobile

By Julie Muhn (@julieschicktanz) Posted on September 12, 2012
Categories: FinovateFall 2012, mShift

Concluding the first day here at Finovate, MShift showed how its solution helps community banks and credit unions issue mobile wallets:

“MShift presents AnyWhereMobile, a new payment network enabling Community Banks and Credit Unions to become the issuers of mobile wallets, and receive revenues from mobile payments.

The AnyWhereMobile payment network will multiply the net interchange income of both debit and credit transactions for financial institutions, simultaneously slashing interchange fees for merchants by more than half. The technology behind the AnyWhereMobile initiative eliminates the majority of fraud losses for both issuers and merchants, and empowers merchants to generate additional rewards and discounts for consumers.”

Product Launching: Mid-2013

HQ Location: Fremont, CA

Company Founded: September 1999

Metrics: At 40+ employees, MShift’s history is as a profitable mobile banking company based in Silicon Valley. Now, they have innovated a new payment rail for use in their mobile wallets. MShift’s last capital raise was in 2000.

Website: mshift.com

Twitter: @MShiftMobile

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Scott Moeller (Chairman & CEO)

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Deluxe’s SwitchAgent Helps Users Change Financial Institutions

By Julie Muhn (@julieschicktanz) Posted on September 12, 2012
Categories: Deluxe, FinovateFall 2012

Then, Deluxe launched SwitchAgent to help users switch financial institutions:

“SwitchAgent is an automated account switching service for banks and credit unions that enables consumers to easily switch from one financial institution to another. Using patent-pending technology and automated concierge services, it is the first solution of its kind available to U.S. financial institutions, and this newly enhanced service now includes the movement of online bill pay accounts.

SwitchAgent saves consumers time by automatically shifting multiple online payments from their old account to their new account, using our key differentiator – the service’s automated scoop functionality for online bill pay.”

Product Launched: September 2012

HQ Location: Shoreview, MN

Company Founded: 1915

Metrics: Over $1.4B in annual revenues, 5000+ employees, and more than 6400 financial institution clients

Website: deluxe.com

Twitter: @DeluxeCorp

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Petro Tsarehradsky (VP, Marketing) and Tieg Herman (Senior Product Manager)

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Dynamics Demos Triple Interface Card

By Julie Muhn (@julieschicktanz) Posted on September 12, 2012
Categories: Dynamics, FinovateFall 2012

Next, Dynamics introduced its Triple Interface card:

This card, which stems from its original suite of products, is a technology-agnostic platform that enables consumers to use credit or rewards points as payment. The card includes both embeddable and contactless chips that allow for transactions to be executed with a tap, swipe, or EMV insert.

Product Launched: September 2012

HQ Location: Pittsburgh, PA

Company Founded: September 2007

Metrics: Over $40M raised, over 100 employees

Website: dynamicsinc.com

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Jeff Mullen (CEO)

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Virtual Piggy Demonstrates its Kid-Safe Online Payments Platform

By Julie Muhn (@julieschicktanz) Posted on September 12, 2012
Categories: FinovateFall 2012, Virtual Piggy

Then, Virtual Piggy showed the audience how kids under the age of 18 can purchase safely online:

“Virtual Piggy allows youth to purchase directly from merchants with a process that is safe, fully COPPA compliant, PCI compliant, and controlled by their parents.

The parent provides all personal information from the billing account, including credit card numbers and home shipping address. This then allows a child to make a purchase on an integrated merchant site by logging into their account at the shopping cart. If the parent has allowed sufficient funds, and the merchant has been approved, then the transaction is completed.”

Product Launched: March 2012

HQ Location: Hermosa Beach, CA

Company Founded: February 2008

Website: virtualpiggy.com

Twitter: @followpiggy

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Jo Webber (CEO & Founder) and Pradeep Ittycheria (CTO & Co-Founder)

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