Blog - Page 988 of 1287

Mitek Debuts Mobile Photo Account Opening

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Mitek

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

Then, Mitek showcased its Mobile Photo Account Opening solution: "Mitek's new Mobile Photo Account Opening solution enables financial institutions to take advantage of mobile for customer acquisition by reducing the friction for users with mobile imaging. The engaging user experience will attract digital natives and mobile first then retain them throughout their financial life. The user simply takes photos of personal and financial documents instead of entering information on a device keypad. This greatly reduces the time and effort required by the user to open and fund an account on a mobile device. Mitek's Mobile Photo Account Opening provides flexible deployment options and seamlessly integrates with FIs' existing account origination and identity verification providers." Product Launch: Q4 2013 Metrics: Mitek (MITK) is publicly traded on NASDAQ Product distribution strategy: Direct to Business (B2B) HQ: San…

Online Payments Startup Spreedly Introduces its Credit Card Vault in the Cloud

By David Penn Posted on September 11, 2013
Categories: FinovateFall 2013, Spreedly

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

Spreedly is our next presenter. They are making their way to the stage right now to debut their "credit card vault in the cloud." "In the world of online payments much is made of the fees that are charged by payment gateway providers. Very little is known about the relative performance of payment gateways. Lost transactions based on time outs/false declines/overly aggressive fraud filters can cripple a business. Spreedly sits at a unique juncture where we can share what we see across a range of gateways." Product Launch: September 2013 Metrics: Raised $420,000 in seed funding, 5 employees, 100 paying customers, & 30% month over month transaction growth Product distribution strategy: Direct to Business (B2B) HQ: Durham, North Carolina Founded: January 2008 Website: spreedly.com Twitter: @spreedly Presenting Justin Benson (CEO)
The full demo video will be available at Finovate.com…

Simple Verity Launches Automated Small Business Credit Verification Process

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Simple Verity

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

Then, Simple Verity launched its credit verification process for small businesses: "Simple Verity is a fully automated small business credit verification process. The system can produce a reliable credit report on any small business in America - including the millions of businesses with little or no data on file at the major bureaus. Using a social approach and proprietary analytics, SimpleVerity elevates small business credit from uncertainty and risk into the light of consistent, data-driven analysis." Product Launch: September 2013 Metrics: 1000 business references in private beta, $250,000 raised, 3 employees Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms HQ: Seattle, WA Founded: June 2012 Website: simpleverity.com Twitter: @simpleverity Presenting Randall Lucas (CEO & Co-Founder) and Jeff Pecor (Marketing) The full demo video…

Innovation Agency Launches Innovation Café, a Platform to Engage Innovation Communities

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Innovation Agency

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

Then, Innovation Agency demonstrated its platform that facilitates collaboration around ideas and innovation: "Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting. It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Social Media Integration and Social Network Analysis releases are our primary focuses at FinovateFall. These innovations provide a comprehensive mechanism to…

Socure’s Social Biometrics Provides Real-Time Protection Against Fraudsters and Bots

By David Penn Posted on September 11, 2013
Categories: FinovateFall 2013, Socure

Our next presenter is Socure. The company specializes in real-time, online identity verification solutions.

"Socure's Social Biometrics utilizes a patent pending artificial intelligence system and proprietary machine learning algorithms along with social behavior pattern analysis to detect if an online ID is authentic, a fraudster or a bot. Socure's Social Biometrics solution showcases its ability to capture non-authentic (fake) online identities as a way to guard against identity theft and account takeover fraud. Our demonstration also shows the ability to de-risk each side of a peer-to-peer payment." Product Launch: August 2013 Metrics: $1.6M raised & 12 employees Product distribution strategy: Socure is partnering with industry leading MSPs, social sign-on providers, and traditional identity databases to leverage their existing distribution channels. Socure is also selling into businesses directly with an internal sales team. HQ: New York City, New York Founded: August 2012 Website: socure.com …

mBank and Accenture Present Their Redesigned, Bank 3.0 Online Platform

By David Penn Posted on September 11, 2013
Categories: FinovateFall 2013, mBank & Accenture

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

Next to the stage is a demo from mBank and Accenture, working together to present their next generation, online banking platform. "mBank is the first established European bank to undergo a comprehensive, mass-scale, 'Bank 3.0' revolution of its direct channels by introducing re-designed Internet and mobile banking fully leveraging modern technologies to deliver state of the art, end-to-end, customer experience and unparalleled sales effectiveness for the bank. New online banking platform includes modern UI/UX, PFM, video banking, real-time marketing, social channels, and gamification." Product Launched: June 2013 Metrics: (mBank) ~6,000 FTEs & 4.1M customers in Poland, Czech Republic & Slovakia; (Accenture) 266,000 FTEs operating in 120+ countries, net revenues of $27.9B USD Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B) HQ: Lodz, Poland (mBank) & Warsaw, Poland (Accenture) Founded: November 2000 (mBank) & 1950…

Jumio’s Netverify Now Enables MultiDocument Validation and Facial Recognition

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Jumio

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

Next, Jumio debuted enhancements to its Netverify solution: "Our solutions have already launched with continued iterations resulting from ongoing customer feedback. Enhancements to Netverify including facial recognition, multi-document validation, and other features to further fit specific business needs and use cases will be showcased at FinovateFall 2013." Product Launch: 2012 Metrics: Over 100 customers & growing Product distribution strategy: Direct to Business (B2B) HQ: Palo Alto, CA Founded: 2010 Website: jumio.com Twitter: @jumio Presenting Mike Orlando (CSO) and Emilio Disanluciano (Sr. Business Development)
The full demo video will be available at finovate.com in mid-September.

LearnVest Debuts iPad App and Action Program

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, LearnVest

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

Up next, LearnVest demonstrated the functionalities of its new iPad App: "LearnVest is debuting an iPad App, which will allow clients to access their custom Action Program on the go. This App brings an unprecedented level of mobility to the financial planning process. Not only will clients be able to see their plan and individual CFP-issued challenges, they will also be able to access LearnVest's Money Center tool for a snapshot of their entire financial life." LearnVest will also debut a new distribution channel ("Workplace Solutions") to provide financial wellness solutions in the workplace, allowing employers nationwide to give their employees access to LearnVest's holistic financial planning services." Product Launch: Fall 2013 Metrics: $41M raised & 100 employees Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B) HQ: New York, NY Founded…

Dynamics Showcases its Solution to Gamify Your Checking Account

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: Dynamics, FinovateFall 2013

This post is part of our live coverage of FinovateFall 2013. Then, Dynamics took the stage: "Dynamics brings a new solution to stimulate fee income from checking accounts in a post-durbin world. It aims to convert cash-heavy consumers to a prepaid card by drawing them in with a real-time rewards-based platform. This brings them directly to POS, driving value through interchange." Product Launch: September 2013 HQ: Pittsburgh, PA Founded: September 2007 Website: dynamicsinc.com Twitter: @DynamicsInc Presenting Jeff Mullen (CEO, Dynamics), Jonathan Beaver (Chief Architect, Dynamics), and Brandon F. Nowac (Team Leader Prepaid Cards, Key Corporate Bank)
The full demo video will be available at Finovate.com in mid-September.

Lighter Capital Unveils Loan Analysis and Monitoring Program

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Lighter Capital

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

Then, Lighter Capital took the stage to demo its unique lending platform for small businesses: "Lighter Capital has developed the first small business lending platform to integrate CRM data and predict a borrower's future performance. In addition to automatic integration of accounting and banking data, which provides "rearview mirror" information, Lighter Capital is the first company to seamlessly integrate CRM data to forecast the future performance of small businesses, providing lenders a "windshield" perspective on borrowers. By crunching key sales, opportunity and customer data, Lighter Capital's technology improves underwriting and borrower monitoring, predicting financial instability months before it shows up in financial statements." Product Launch: September 2013 Metrics: $6M raised to date, 10 employees, 30 loans issued, average investment $200,000 Product distribution strategy: Direct to Business (B2B), through financial institutions, & licensed HQ: Seattle, WA …

Cardlytics Debuts Geolocation Functionality Within Targeted Offers

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: Cardlytics, FinovateFall 2013

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

Up next, Cardlytics demonstrated its new geolocation technology: "Cardlytics will demonstrate our new geo-locator technology that empowers our partner banks' customers to receive ads and offers based on their recent purchase behavior, no matter where they are in the U.S." Product Launch: Q1 2014 (tentative) Metrics: Cardlytics is a private company with nearly 250 employees. We've raised nearly $100M from venture capital and private investors and we serve ~30M customers per month through partnerships with nearly 400 financial institutions across the US. Product distribution strategy: Through financial institutions HQ: Atlanta, GA Founded: 2008 Website: cardlytics.com Twitter: @cardlytics Presenting John Brown (EVP Financial Institutions)
The full demo video will be available at finovate.com in mid-September.

FutureAdvisor Launches Premium Service

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, FutureAdvisor

This post is part of our live coverage of FinovateFall 2013.
Next up, FutureAdvisor launched its premium service:
"How they describe their product/innovation: FutureAdvisor Premium automatically manages your existing investment accounts to save on hidden fees, increase tax efficiency, and optimize for asset diversification. We do this by: • Monitoring and rebalancing your account as necessary • Recognizing and actively investing new cash additions • Periodically completing tax-loss harvesting" Product Launch: September 2013 Metrics: FutureAdvisor provides guidance to tens of thousand of investors who have securely connected their investment accounts. Product distribution strategy: Direct to Consumer (B2C), through financial institutions, & through other fintech companies and platforms
HQ: San Francisco, CA Founded: May 2010 Website: futureadvisor.com, blog.futureadvisor.com Twitter: @FutureAdvisor Presenting Bo Lu (Founder & CEO) and Joe Cianciolo (VP Business Development)
The full demo video will be available at Finovate.com in mid-September.