Dynamics Demos Triple Interface Card

Thumbnail image for DynamicsLogo1.jpgNext, 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
Finovate demo videofinovate.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

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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
Twitter: @followpiggy
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Jo Webber (CEO & Founder) and Pradeep Ittycheria (CTO & Co-Founder)
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Akamai Demos Kona Site Defender, a Cloud-Based Web Security Solution

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Akamai took the stage next to demo its cloud-based web security solution:

“Web based attacks have been on the rise, with financial services being one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation. 

Akamai’s Kona Site Defender is the first cloud-based Web security solution to help financial service institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications and associated data.”

Product Launched: February 2012
HQ Location: Cambridge, MA
Company Founded: September 1998
Metrics: Akamai (AKAM) is a public company listed on NASDAQ, having gone public in 1999. The company produced $1,159M in revenue in 2011 with over 2,000 employees and 3,500 customers
Website: akamai.com
Twitter: @Akamai
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing John Buten (Director of Industry Marketing) and Matt Brightman (Senior Solutions Engineer)
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Actiance Uses Salesforce to Enhance Customer Engagement

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Second up, Actiance demonstrated how it taps Salesforce to enhance FI customer engagement:

“Actiance will be demoing the first social media enablement platform to incorporate CRM data from Salesforce. With Socialite, users can now maximize the power of Salesforce, monetize their social involvement and increase revenue. Socialite from Actiance allows financial advisors, agents and sales and marketing organizations to engage with clients, build customer relationships, and create a personal brand – all while being compliant with FINRA and SEC regulations. 

Key features of this new offering include: linking Socialite contacts to Salesforce accounts, mapping Salesforce accounts to Socialite connections and sending Socialite activity to Salesforce when contacts provide feedback or respond to posted content. In addition, Actiance will be demoing its new Socialite Mobile application for the iPhone.”

Product Launched: August 2012


HQ Location: Belmont, CA

Company Founded: 1998
Metrics
: 250 employees worldwide; 9 of the top 10 banks in North America, the top 5 banks in Canada and 3 of the top 5 energy companies all use Actiance’s products.

Website: actiance.com
Twitter: @Actiance
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Sarah Carter (General Manager, Social Business) and David Cho (Lead Social Collaboration)
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Yodlee Unveils Small Business Center Platform

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First up after intermission, Yodlee demonstrated its platform for small businesses:

“Yodlee’s dynamic banking experience is now targeting small businesses on the go, with easy to use financial management tools that simplify cash management in a digital environment. 

We’ll be showcasing how small business owners can aggregate their account information, view key business metrics, manage and categorize their expenses on the fly, and easily move money between accounts or pay bills anywhere, anytime from a single platform. The service empowers both banks and small business owners, delivering exceptional functionality via Yodlee’s unique FinApp architecture.”

Product Launching: Q1 2013
HQ Location: Redwood City, CA
Company Founded: June 1999
Metrics: 13 years of bank technology, leadership and innovation, 700+ employees globally, 30% annual YOY revenue growth, 35M+ registered users, >$3 Trillion in personal finances being tracked through Yodlee solutions
Website: yodlee.com
Twitter: @Yodlee
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Anil Arora (President & CEO) and Eric Connors (SVP, Products)
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Experian’s Prequalification Tool Empowers Consumers While Bringing Value to FIs

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Last up in this session, Experian demonstrated its Premium Prequalification tool:
“Premium Prequalification is a powerful credit-screening tool that allows institutions to proactively utilize individual credit data online, in real time to:
        • Empower consumers with a snapshot of their credit health
        • Save consumers time and money by instantly providing them with their best options 
With Premium Prequalification, providers and lead generators have access to a powerful marketing tool that drives traffic; lowers online acquisition costs; and provides high-quality, credit-qualified leads. This best-in-class process also offers Prequalification Triggers, notifying consumers of recent changes to their credit while offering relevant products, and Credit Comparables, which compares individual credit to the neighborhood average. Experian encourages all online institutions to redefine their acquisition game with Premium Prequalification.”
Product Launched: January 2012
Headquarters Location: Dublin, Ireland
Company Founded: 1897
Website: experian.com
Twitter: @Experian
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Steve Wagner (President, Consumer Information Services) and Michele Pearson (VP, Prospecting & Acquisitions)
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Blackhawk Network’s GoWallet Enables Consumers to Manage All of Their Prepaid Cards in One Place

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Then, Blackhawk Network launched GoWallet to give consumers one place to manage all of their prepaid cards:

“Blackhawk Network’s GoWallet technology provides a direct-to-consumer platform and interface that lets customers manage all of their prepaid cards in one place. The digital technology also allows consumers to purchase gift cards from their mobile device. The app will provide consumers with mobile access to their account information, special offers and coupons.”

Presented on: September 12, 2012
HQ Location: Pleasanton, CA
Company Founded: 2001
Metrics: 500+ employees
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)

Introducing Tomas Campos (General Manager, Online & Mobile) and Sheila Andres (Director of Product Management Mobile and Online)
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MoneyDesktop Introduces Desktop Widgets

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Next, MoneyDesktop took the stage with its PFM desktop widgets:
“On average, industry percentages for online banking PFM user adoption and engagement perform far below what is possible. The problem: PFM has been implemented as a mere check-the-box add-on, thus diminishing its huge potential as the core experience for complete money management. With this mindset, PFM in general has struggled to gain meaningful adoption largely because it has remained separate from the complete online banking experience – usually buried deep in a drop-down tab of optional services. A dividing line exists that separates PFM from the rest of the online-banking experience.
MoneyDesktop is officially erasing this dividing line and introducing a seamless PFM solution for the online banking and mobile channels. This will allow financial institutions to:
        • Drive data aggregation with prominent visualizations that prompt users to add outside accounts – leading to even higher levels of loan volume through targeted cross-selling opportunities based on aggregated, user-specific account data.
        • Drastically enrich the online banking experience with eye-catching data visualization that can be framed throughout the online banking interface. 
        • Fuse online and mobile banking with data visualization that is precise and consistent from desktop to mobile devices – giving users timely and rich financial insight when and where it matters most.”
Product Launched: September 2012
HQ Location: Provo, UT
Company Founded: March 2010
Metrics: Triple-digit growth over the past 2 years, 25 Online Banking/Core/Payment Network Partners, 310+ FI Clients, 71 Employees
Twitter: @moneydesktop
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Ryan Caldwell (CEO) and Jason Cragun (Product)
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SecureKey Demos Fraud Reduction Solution

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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 videofinovate.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)

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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 videofinovate.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

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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 videofinovate.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

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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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