SecureKey Demos Fraud Reduction Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, SecureKey

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Afterward, SecureKey took the stage to show authentication technology:

“Imagine a world where, as a consumer, you can use things you already have to enhance your online and mobile experience (your smart phone, your bank card, your tablet or PC). Imagine a world where, as a Bank Card Issuer, you can minimize card-not-present fraud and provide value-added services based on strong authentication, to your consumers and commercial partners. Imagine a world where, as a merchant, you can sell to your clients through extended channels, securely, and with little risk of card-not-present fraud. And imagine a world where online service providers such as governments can actually transact with their constituents after ascertaining their identity, while still transacting anonymously.”

Product Launched: September 2012
HQ Location: Toronto, Canada
Company Founded: April 2008
Metrics: SecureKey is a privately-held company based in Toronto, Canada with over 100 employees. In June 2012, SecureKey completed a $30M strategic investment round of growth capital, led by Intel Capital. Other investors include Visa Inc., MasterCard, Discover Financial Services, Rogers Venture Partners LLC, and TELUS Corporation. In November 2011, SecureKey was awarded a contract by the Government of Canada to provide an innovative Credential Broker Service, named SecureKey Concierge, which allows Canadians to use their bank authentication credentials to obtain access to online government services. Current banking partners include TD Bank Group, Scotiabank and BMO Financial Group. 
Website: securekey.com
Twitter: @SecureKey
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Chris Gardner (VP, Partner Engagement) and Christian Ali (VP, Product Development)
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Personal Capital Unveils its Professionally Managed 401(k)

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Personal Capital

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Then, Personal Capital demonstrated a 401(k) fee calculator and its own professionally managed 401(k):

“Personal Capital will be demoing its free 401(k) fee calculator, which enables users to determine how much their 401(k) costs and what long-term fees they can expect to pay over time. The calculator has the potential to save investors hundreds of thousands of dollars over a lifetime. 

The company will also unveil the Personal Capital 401(k), an affordable, professionally managed alternative to a traditional 401(k). With the new 401(k) from Personal Capital, the service is a truly holistic financial solution for millions of Americans.”

Product Launched: September 2012
HQ Location: Redwood City, CA
Company Founded: July 2009
Metrics: $27M raised to date (IVP & Venrock), 45 employees
Twitter: @PersonalCapital
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Bill Harris (CEO), Jim Del Favero (VP of Products), and Tom Zgainer (VP Corporate Retirement Plans)
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Dashlane Demonstrates Its Instant Checkout and Login Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dashlane, FinovateFall 2012

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Second, Dashlane demonstrated how its mobile app enables users to login and checkout on any site without having to type on their mobile keyboard:

“Dashlane’s full-featured iPad and iPhone apps give consumers the ability to login, register and checkout on any website in the world without ever having to type on the mobile keyboard. 

Our technology requires no merchant integration, and hence our app can potentially unlock mobile purchasing at massive scale. Our real-time semantic analysis enables instant filling of personal and payment data on all forms across devices. All users’ data is locally encrypted with AES-256, with a unique key for each user that Dashlane has no record of.”

Product Launched: September 2012
HQ Location: New York, NY
Company Founded: July 2009
Metrics: $6M raised, 25 employees
Website: dashlane.com
Twitter: @dashlane
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Emmanuel Schalit (CEO) and Nishant Mani (VP Partnerships & Marketing)
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Compass Plus Introduces TranzAxis, an Open Development Banking Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: Compass Plus, FinovateFall 2012

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First up to the stage after lunch, Compass Plus demoed TranzAxis, an open application platform:
“TranzAxis is a specialist, integrated open development banking platform (ODBP) created for the development and support of cards and payments, transaction switching, retail banking and other systems and applications in the domain linked to the automation of retail banking activities. It offers the user a full set of application development tools (builders, designers, editors, debuggers etc.), as well as a set of specialist components that may be required in implementing diverse applications in the given domain. 
Unlike traditional application systems, TranzAxis can be used to build all-scale systems made up of closely integrated, yet independently developed applications.”
Product Launched: 2011
HQ Location: Weston, FL
Company Founded: 1989
Metrics: Compass Plus employs 350 professionals in nine offices across the globe, 150 of which are in R&D. We are a privately owned company, organically grown with no need for outside investment. We have 120+ customers (retail banks, processors, national switches, third party personalizers) across 31 countries. Two of our retail banking customers use TranzAxis in live production.
Twitter: @Compass_Plus
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Maria Nottingham (CMO) and Anthony Genovese (VP Consulting)
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The Currency Cloud Demos Connect API

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, The Currency Cloud

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Last up for the morning session, The Currency Cloud (TCC) demoed Connect API:
“The TCC Connect API provides transaction-based businesses with easy and flexible access to The Currency Cloud FX conversion and international payments platform.
The TCC Connect API can be plugged into existing technology within the customer’s business for efficient and lower cost conversion and payments, or can be used as the basis to deliver new international payments apps and services to market.
The TCC Connect API enables full straight through processing (STP) across your own business and the payments lifecycle, automating previously manual processes to reduce operational risk, improve efficiency and monitoring and give you more control.”
Product Launched: September 2012
HQ Location: London, UK
Company Founded: March 2011
Metrics: $8M raised to-date, 22 employees, 28 live customers servicing approximately 15,000 SMEs and consumers
Twitter: @currency_cloud
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Mike Laven (CEO) and Nasir Zubairi (Head of Product Marketing)
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MasterCard and Linkable Networks Showed How They Can Make it Easy for Banks to Implement Card-Linked Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Linkable Networks, MasterCard

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Then, MasterCard and Linkable Networks took the stage to demo how banks can quickly implement card-linked offers:

“MasterCard and Linkable Networks will demo the industry-first capability of enabling any MasterCard-issuing bank to present a comprehensive card-linked offer platform to their cardholders with no technical integration, allowing for these issuers to participate in this burgeoning market with no strain on internal technical and financial resources, as well as an ability to launch the capability in days, not months or years.”

Product Launched: August 2012
HQ Location: Boston, MA
Company Founded: September 2010
Metrics: 25 employees and actively engaged in an ongoing search/hiring process for several positions (both technical and non-technical). Linkable Networks has raised $11.8M from several key investors including Bain Capital Ventures, Citi Ventures, and Kepha Partners.
Twitter: @Linkables
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Tom Burgess (CEO at Linkable Networks), Doug Spear (Co-Founder and Executive Vice President), and Mario Shiliashki (SVP, Emerging Payments of MasterCard Worldwide)
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Handpoint Launches Hybrid Dongle Solution That Reads Both Payment Chips and Magstripes

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Handpoint

Thumbnail image for HandpointLogo.jpgNext, Handpoint showed how its hybrid dongle can work both as a magstripe and chip & PIN reader:

“The U.S. is moving to EMV (Chip & PIN) no later than 2015 with a push from VISA and MasterCard, meaning the biggest overhaul of payment infrastructure since the introduction of the plastic card.
Handpoint is presenting a mobile payments platform for developers. It is simple and secure and allows developers to easily add EMV payments to their applications and even get paid for transactions made through their apps. The platform can also be white labeled to larger partners, for example, acquirers and MNOs, so they can offer mobile POS solutions under their brand.
The platform erases all PCI issues, even for the largest merchants, by using state of the art security measures including point-to-point encryption.”
Product Launched: September 2012
HQ Location: Cambridge, United Kingdom
Company Founded: September 1999
Website: handpoint.com
Twitter: @HandpointLtd
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing David Gudjonsson (CEO & Co-Founder) and Thordur Thorarinsson (CFO & Co-Founder)
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Carta Worldwide Demonstrates its Turn-key NFC payments Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: Carta Worldwide, FinovateFall 2012

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Then, Carta Worldwide launched Carta-Connect, a turn-key NFC payments solution:
“Carta-Connect for Mobile is a turn-key product for issuers and MNOs that brings NFC mobile payments to market with a rapid and low-cost deployment model. Utilizing a virtual account instantly personalized to the mobile phone, consumers can access immediate spending power with any NFC-enabled handset. This introduces a simple and convenient experience for consumer adoption, while limiting exposure of personal banking information.
By leveraging underlying technology in place, Carta reduces setup and deployment cost for NFC projects, and minimizes the need to update core systems. Offered as an end-to-end product, or compatible with existing m-wallet applications, the uniquely flexible solution represents a key step in the mass-market adoption of NFC mobile payments.”
Product Launched: September 2012
HQ Location: Toronto, Canada
Company Founded: 2007
Metrics: 50 employees, raised over $30M to date, offices in Toronto, London, Casablanca, and Dubai
Twitter: @CartaWorldwide
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Giles Sutherland (Dir. Marketing & Strategic Development)
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Finovera Debuts Bill Management Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Finovera

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Afterward, Finovera debuted its bill management solution:
“The average American household is overwhelmed by more than 20 service provider relationships that require managing dozens of web accounts and passwords. Families are busy, and it’s very easy to miss deadlines and due dates, incur finance charges and hurt your credit rating. Despite the widespread availability of paperless bills, statements and many documents, digitization of household information management has still not taken off – primarily because there hasn’t been any service that was effortless and convenient.
Finovera does all of the work for busy families. Our mission is to bring order to this chaos by automatically downloading and organizing bills and financial statements every month in a secure digital filing cabinet. Using mobile cameras or scanners, consumers can store documents in the cloud. The service reminds users when bills are due, and a one-click ‘Pay Now’ button automatically logs them in to their online accounts on external websites so bills can be paid quickly and conveniently.”
Product Launched: September 2012
HQ Location: Milpitas, CA
Company Founded: May 2011
Metrics: Privately-funded by Founders and Angel Investors, 12 employees, Pre-revenue
Website: finovera.com
Twitter: @Finovera
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Purna Pareek (CEO) and Preeti Ray (Sr. Product Manager)
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Ignite Sales Launches a Tool to Help FIs Up-Sell and Cross-Sell Products

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Ignite Sales

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Then, Ignite Sales launched its Bank Product Concierge:

“Ignite Sales is launching the world’s first Bank Product Concierge which will change the way retail banks are able to sell financial products consistently to consumers and manage their branch network. 

The solution is turning bank branches, call centers and websites into account opening machines, helping them easily and cost effectively reach their customers to up-sell and cross-sell products. The Concierge Analytics Dashboard, the first in the industry, provides the only way for bank executives to determine what products should be sold based on Eligibility Data.”

Product Launched: September 12, 2012
HQ Location: Dallas, TX
Company Founded: 1997
Metrics: Privately-held company
Twitter: @IgniteSales
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Mitchell Orlowsky (President & CEO) and Barbara Boe (Founder & VP)
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Billhighway Launches Mobile Fundraising App

By Julie Muhn (@julieschicktanz) Posted on
Categories: Billhighway, FinovateFall 2012

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Next, Billhighway launched a fundraising app:
“Billhighway Give is the best mobile fundraising app on the planet…do more good, faster.
Designed specifically for donor-based nonprofits, Give provides a better way to collect donations. 
Additionally, Give includes a number of innovations specifically developed for NPOs recognizing their unique needs such as branding, campaign tracking and motivational tools.”
Product Launched: September 2012
HQ Location: Troy, MI 
Company Founded: 1999
Metrics: 40 employees, nearly $6B in transactions processed, 3,500 customers
Twitter: @billhighway
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Vince Thomas (Founder & CEO) and Michelle Lange (Chief Marketing Officer)
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PlayMoolah Fuels Customer Engagement Through Financial Literacy

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, PlayMoolah

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Second, PlayMoolah demonstrated its financial learning platform:

“With a fun online platform that brings families together, PlayMoolah offers a great way for financial institutions to plug in and improve online customer engagement, account activity, and life-time value of their family customer segments, all while bringing financial literacy to kids around the world.” 

Product Launched: April 2012
HQ Location: Singapore
Company Founded: January 2011
Twitter: @playmoolah
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Min Lee (Co-Founder) and MD Han (Duke of Engineering)
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