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Finovate Alumni News– November 18, 2013

By Julie Muhn (@julieschicktanz) Posted on November 18, 2013
Categories: Billhighway, Credit Sesame, Doxo, EyeVerify, FlexScore, Leaf, Lending Club, Lendio, MasterCard, Open Bank Project, PayNearMe, PaySimple, ShopKeep POS, SumUp, Toopher, Wallaby Financial

RentPaidOnline and PayNearMe partner to bring cash payments to its online platform Daily Finance interviews PaySimple CEO Eric Remer on Next-Gen Payment Processing. ShopKeep POS releasing new version of its iPad-based sales mgmt system to cut checkout time in retail locations. Novant Health launches on doxo to deliver bills & simplify the patient experience. Lendio named one of Utah Business Magazine's Best Companies to Work for in 2013. Credit Sesame launches banking channel with new interest rate comparison tool. Billhighway ranked no. 146 fastest growing company in North America on Deloitte's 2013 Tech Fast 500. Former U.S. Treasury assistant secretary for financial institutions and Google SVP join Lending Club's advisory board. The Paypers reports SumUp extends to Latin America with launch of m-payments service in Brazil. Lend Academy reports: Lending Club now valued at over $2 Billion. Open Bank Project organizing the second edition of Hack/Make The Bank FinTech…

FinovateAsia 2013 Best of Show Winners

By Julie Muhn (@julieschicktanz) Posted on November 15, 2013
Categories: BehavioSec, FinovateAsia 2013, IND Group, Kofax, Yodlee

FinovateAsia 2013 was quite a success. We just finished up the second annual FinovateAsia in Singapore.

After the show, the audience selected their favorite of the 35 demo companies. The top four companies were named Best of Show, and took home a trophy.

The winners (in alphabetical order):

BehavioSec, for its behavioral biometrics-based authentication method
Live blog post

IND Group, for its Essence mobile banking app, with detailed financial management tools
Live blog post

Kofax, for its omni-channel solution that accelerates and enhances the underwriting process
Live blog post

Yodlee, for the international debut of TANDEM, an app that helps groups manage and discuss shared finances
Live blog post

All of the demo videos will be posted on Finovate.com in a few weeks.

Many thanks to the great audience that participated in this year's event. Also, thanks to the 34 innovative companies who demonstrated their newest tech from…

New Y Combinator Fintech Grad, Coin Begins Pre-orders, Tech Press Goes Crazy

By Jim Bruene Posted on November 14, 2013
Categories: Credit/Debit Cards, Mobile Payments

It must be a slow news day. Two years ago, fintech barely got a mention in the mainstream tech press. Today, Coin, a stealthy "credit card 2.0" startup backed by Y Combinator and K9 Ventures, was covered almost immediately by 21 tech blogs (and counting). VentureBeat appears to have broke it first.

My favorite headline:

Master card? 'Coin' combines, debit, credit and others into one
-- by Devin Coldewey, NBC News

It's currently the fourth highest ranked article on Techmeme and it's the number 1 trending startup on Crunchbase today, beating Snapchat, which just turned down $3 billion from Facebook (bubble maybe?).

Anyway, for anyone who's missed it, Coin is planning to release a programmable mag strip card along the same lines as Dynamics. Coin says its plastic card will hold up to eight distinct card details at a time, all accessible via a button and miniature LED screen…

TradeNet Brings Multiple Market Equity Trading Systems to Emerging Market Traders and Investors

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, TradeNet

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

Bringing our second event in Singapore to a close, here's TradeNet presenting the TradeNet Store.

"TradeNet Store expands the equity broker product offering and customer stickiness without incurring costs. Rather, equity brokers share revenue with functionality and content providers."

Presenting Mohammad Attiya (CEO) and Ahmad Semary (MD)

Product Launch: June 2013 Metrics: More than 60 customers in 9 emerging markets Product distribution strategy: Through financial institutions. Brokers make the product available to their customers through either their internet trading platform or a white-labeled version of TradeNet. HQ: Riyadh, Saudi Arabia (Offices: Dubai & Cairo) Founded: September 1999 Website: kn-it.com

Serverside Group Presents its AllAboutMe Facebook App for Bank Card Customization

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, Serverside Group

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

Our next presenter is Serverside Group, demoing their AllAboutMe Facebook app.

"Serverside's Facebook app is a great way for banks to form meaningful conversations with their cardholders. This dynamic app allows customers to design their own personalized card by uploading a picture from one of their Facebook galleries. When they are satisfied with their design, they submit it and, once approved, it will be posted on their wall showing off their new card design to all their friends.

Everything to do with Card Customization brings Banks to a new level. From banks posting on their own wall to card holders sharing their own design with friends, card customization on Facebook is proving to be one of the most effective ways for banks to use social media, engage customers and to help drive positive viral marketing."

Presenting James Barclay…

BlueKite’s Platform Helps Users Pay Utility Bills for Loved Ones Overseas

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: BlueKite, FinovateAsia 2013

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

Next, BlueKite demonstrated how its users can pay bills for family and friends living across borders: "BlueKite's real time bill payment platform is currently offered at affiliated Money Stores via a proprietary web portal (with our mobile application to be unveiled shortly) and is the perfect complement to traditional cash remittances. Customers (typically "unbanked" immigrants) make billing enquiries and pay outstanding utility bills from U.S.-based stores for loved ones overseas. Immigrants gain visibility and control over the money they send home while relieving family members from the hassles associated with paying bills locally. BlueKite enables money stores to generate additional revenues and aids utility companies in reducing bad accounts and the administrative load of chasing receivables."
Presenting

Benny Hammond (Business Development Manager, US & Central America)

and

Toby Kennett (Head of Business Development, Asia)

Product Launch: April 2012 …

BRIDGEi2i’s Cloud-Based Analysis Platform Brings Banks Insight Into Consumer Needs

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: BRIDGEi2i, FinovateAsia 2013

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

BRIDGEi2i demonstrated how its Surveyi2i product can derive insight into the customer experience: "Surveyi2i is a cloud-based one-stop shop for all analysis and reporting needs from survey data. Surveyi2i enhances productivity for analysts and researchers. Business managers can derive insights quickly without help from data scientists. Surveyi2i enables financial institutions to very easily implement data-driven customer and employee engagement strategies by understanding customer needs and experiences better at negligible costs." Presenting Prithvijit Roy (CEO & Co-Founder) and Pritam Kanti Paul (Director & Co-Founder)
Product Launch: August 2013 Metrics: 35 member organization working with 10+ enterprises globally in Financial Services, Insurance and Technology. Surveyi2i has around 80 registered users and 2 paid clients since launch. BRIDGEi2i has around 2,000 website visits per month with 10,000 page views and 1,000+ followers in social media. BRIDGEi2i has featured among the top…

Welcomer from White Label Personal Clouds Helps You Move Personal Data from Website to Website Securely

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, White Label Personal Clouds

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

Making their way to the stage next is the team from White Label Personal Clouds.

"WLPC's first product is Welcomer. Welcomer will initially be focused toward ecommerce sites and the technology is intended across a range of different segments. Welcomer removes the need for websites to have user codes/passwords to identify returning customers. Websites that deploy Welcomer can - with the person's permission - allow the person to move personal data securely between websites. This includes personal details such as name and address, preferences such as clothing size or preferred seat and also a person's cards and accounts."

Presenting Rory Ford (Product Manager)

Product Launch: Finovate 2013

Metrics: $1M, 5 employees Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, and through other fin tech companies and platforms. HQ: Canberra, ACT, Australia Founded:…

App Annie Showcases Mobile App Analytics Capability with Three Products: Store Stats, Analytics, and Intelligence

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: App Annie, FinovateAsia 2013

This post is part of our live coverage of FinovateAsia 2013. Next, App Annie stepped up to demo: "The App Annie suite consists of three main products - Store Stats, Analytics, and Intelligence. App Annie Store Stats is a free online service that has become the standard for app ranking analysis in the industry. It provides a range of charts visualizing on historical rankings, daily rankings, ratings, and featured placements broken down by countries and categories. App Annie Analytics offers the ultimate sales analytics dashboard for app publishers that is easy-to-use and packed full of features. It allows publishers to track their app downloads, revenues, rankings, and reviews across multiple platforms in one safe place. And App Annie gives publishers the tools to access that data via web dashboard, daily email reports, export function, and API. App Annie Intelligence is our premium offering for those that need…

With ARTHOS, ArthaYantra Puts a CFO in its Web-Based PFM Solution

By David Penn Posted on November 13, 2013
Categories: ArthaYantra, FinovateAsia 2013

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

Making their way to the stage now is ArthaYantra with their online personal finance solution, ARTHOS.

"Arthos is a user-friendly web based personal finance platform, which provides actionable advice instantly. It replaces the need of a traditional human advisor who has to spend days to create customized and quality advice for a family. Arthos uses patented algorithms, processes, and the proprietary system of PFLM to cover all aspects of personal finance. One can create a financial plan, implement recommendations, and monitor performance on a single online platform. Arthos can provide advice to individuals who can save as little as $100 a month." Presenting Nitan Vyakaranam (CEO & Founder) and Sunil Lingareddy (CFO & Co-Founder)
Product Launch: November 2012 Metrics: $0.5M funding through seed capital; 15,000+ registered families from over 500 cities (India & abroad); largest online financial advisor…

TSYS Authorization Controls Enable User-Defined Spend Limits, Alerts

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, TSYS

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

All the way from Columbus, Georgia, here is TSYS with their Authorization Controls solution.

"TSYS Authorization Controls allows a user to set their own default account parameters and authorization rules (for example, user-determined spend limits, daily, weekly, and monthly - category permissions or exclusions). TSYS Authorization Controls also allows for user definable authorization actions, including Alert, Decline, and Pre-Authorize, that enable a user to determine what happens throughout a transaction attempt." Presenting Paul Bridgewater (Group Executive, Global Product Group) and Chris Colson (Innovation Director)
Product Launch: Q1, 2014 Metrics: $1.8B in annual revenue; 8,000+ employees worldwide Product distribution strategy: Direct to Business (B2B) & through financial institutions HQ: Columbus, Georgia, USA Founded: August 1983 Website: tsys.com Twitter: @TSYS_TSS

CustomerXPs Debuts its Paperless Branch Banking

By Julie Muhn (@julieschicktanz) Posted on November 13, 2013
Categories: CustomerXPs, FinovateAsia 2013

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

Next, CustomerXPs debuted its Paperless Branch Banking solution: "Our innovative Paperless Branch Banking solution works on mobiles, tablets and PCs and aims to revolutionize the way branch banking is conducted. This solution ensures that the branch is able to process customers faster and with minimum errors thus ensuring higher employee productivity and customer satisfaction - at the same time increasing the customer engagement and obviating the need for paper trail in the branch." Presenting Rivi Varghese (CEO) and Balaji Suryanarayana (COO)
Product Launch: November 2013 Metrics: CustomerXPs is a 7 year old enterprise software products company. A Gartner Cool Vendor for 2012 and winner of the Red Herring Asia 100 award. We have about 90 million end customers through our customer banks. Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and…