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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Waspit Launches Social Banking for Students

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

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First up for the second session, Waspit launched its social banking platform for students:

“Waspit’s new platform combines the most innovative payment capabilities students now expect from an FDIC insured account (including mobile payments) with their emerging social media habits. 

By syncing Waspit with any of the major social media platforms, users can easily exchange money with friends, benefit from auto-Foursquare and Facebook check-in, and post reviews that create conversation around venues they and their friends have made purchases at – particularly about those good venues and those to avoid. Users are rewarded with points each time they make a purchase, post reviews or introduce friends. Points can be redeemed for gift cards from retailers like Amazon.”

Product Launched: September 2012
HQ Location: New York, NY
Company Founded: April 2010
Metrics: Seed funding of $1.8M, 11 employees in New York office and 4 in London office, original service launched in March 2011, $1.4M in annualized revenue so far, 12,750 pre-registrations for new platform, 32,000 users on old platform, 26 colleges with on-site representation for launch of new service
Website: waspit.me
Twitter: @WaspitHQ
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Kasey Kaplan (CMO) and Richard Steggall (CEO)
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Internet Biometric Security Systems Launches Genesis Enterprise Edition

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2012, Internet Biometric Security System

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Closing out the first session, Internet Biometric Security Systems (IBSS) launched the Genesis Enterprise Edition of its biometric security technology:

“IBSS is launching its Genesis Enterprise Edition, representing an advanced, affordable, real-time human identification technology for online financial service transactions. 

  • Factor 1: Real- time legal identification of end-user personal information. 
  • Factor 2: Coupled real-time biometric facial authentication.
  • Factor 3: Coupled real-time speaker authentication. 
  • Factor 4: Coupled real-time session biometric monitoring of each online financial transaction event, supported with a scalable biometrically authenticated timeline audit log record. 

IBSS’s technology is a full perimeter online access security solution that provides superior end-user identification of the actual banking customer, as well as the actual online financial services representative used in the collaborative sharing of confidential financial information through a common group shared database. IBSS’s superior identification improves bank security for both online consumer transaction activity identification, and equally promotes a higher degree of consumer trust of online bank employee identification integrity by using the same biometric identification standards used by their own customers.”

Product Launched: September 2012
HQ Location: Las Vegas, NV
Company Founded: May 2005
Metrics: 35 Employees, offices in Las Vegas, San Diego, Austin, Houston, Dallas, and Mountain View
Website: ibssllc.com
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing David Ackerman (President) and Grady Mangum (Senior Technical Officer), and Iva Miladinovic

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LearnVest Launches Certified Financial Planner and Mobile App

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

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LearnVest introduced its certified financial planner feature and mobile app: 
“LearnVest is uniting the Money Center with our unique financial planning platform. We believe that financial plans should be dynamic guides that are central to your everyday decision-making. 
There are two key additions: First, premium members can now share a view of their Money Center with their LearnVest planner. This allows the planner seamless access to their clients’ most current financial profiles. Second, LearnVest is introducing a Priorities feature that allows members to set goals (such as debt repayment) and track their progress against them.”
Product Launched: July 2011
HQ Location: New York, NY
Company Founded: Fall 2009
Metrics: $25M raised, 50 employees
Website: learnvest.com
Twitter: @LearnVest
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Alexa von Tobel (Founder & CEO) and Annie Shapiro (Product & Strategy Associate)

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Ideon’s Choice FS Allows Users to Create Their Own Savings Solutions

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

IdeonChoiceLogo.jpgThen, Ideon showed how its new solution can help users choose the investment opportunity that’s right for them:

“The CHOICE direct-to-consumer model that is currently in development allows users to create their own savings and/or investment solutions from the convenience of any channel and device by selecting the term, guaranteed minimum rate, liquidity and source of additional potential return, all with the security of FDIC insurance, in a completely transparent, clear and honest manner.
The search for income in a low yield environment creates unwanted risk for many consumers. With CHOICE, that problem is removed. Furthermore, in an improved rate environment, CHOICE is able to offer consumers significantly higher returns than they can obtain through traditional players.”
Product Launched: Expected 2Q 2013
HQ Location: New York, NY
Company Founded: December 2011
Website: choicefs.com
Twitter: @CHOICEFS
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Daniel Smith (CEO) and Inigo San Martin (Head of U.S. Operations & Product Development)
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BSCG Launches Business Hub for Small Businesses

By Julie Muhn (@julieschicktanz) Posted on
Categories: Business Centric Services Groups, FinovateFall 2012

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Next, BCSG launched Business Hub for small businesses:
“Business Hub is a cloud-based package that incorporates the most important tools a small business owner needs. For $25 per month, small businesses get access to online accounting software, a website builder, a business planning tool, a legal document creator and online training.
Business Hub is delivered via a fully customizable online platform, allowing business owners to manage key functions in one place with a single username and password. The exact suite of applications can be customized for each bank.”
Product Launched: September 2012 (U.S. launch)
HQ Location: London, UK
Company Founded: April 2008
Metrics: 80+ full time employees supporting 150,000 small businesses worldwide
Website: bcsg.com
Twitter: @JohnDavis_BCSG
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week).
Introducing John Davis (Managing Director) and Kyle Herndon (SVP Business Development)
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