This post is part of our live coverage of FinovateFall 2013.
CoverHound is up next to demo a fast and unique way that users can receive an insurance estimate:
"CoverHound now lets you request a car insurance estimate just by Tweeting"
Product Launch: September 10, 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
Metrics: $6.5M raised & 23 employees
HQ: San Francisco, CA
Founded: May 2010
Website: coverhound.com
Twitter: @CoverHound
Presenting Basil Enan (CEO) and Keith Moore (CMO)
The full demo video will be available at Finovate.com in mid-September.
RevolutionCredit Launches Platform to Improve the Consumer Credit Process
This post is part of our live coverage of FinovateFall 2013.
RevolutionCredit is here to show of their RevolutionCredit Platform to help spot ideal borrowers. "RevolutionCredit's patent pending financial capability development solution helps creditors identify upwardly mobile customers, approve more consumers, mitigate risk, build brand loyalty, and reduce churn. For consumers, RevolutionCredit offers a compelling and progressive alternative to a rejection or penalty. Consumers can now demonstrate to their creditor that they are better than their current score, and are committed to their financial future. RevolutionCredit combines self/positive-selection with just-in-time consumer financial capability development at the point of transaction. This transforms the consumer credit process from a system based on punitive and negative selection to one based on education and positive engagement."Product Launch: September 2013
Metrics: $1.8M raised in angel funding & 8 employees Product distribution strategy: Direct to Consumer (B2C), through financial institutions, & through other fintech…SpearFysh’s Note Taking App Helps Salespeople Stay Organized
This post is part of our live coverage of FinovateFall 2013.
Afterwards, SpearFysh demonstrated how its app can improve the note-taking experience during and after sales calls.
"Our Intelligent Note-Taking App helps a salesperson execute a pre-loaded agenda of a sales call that they see on the tablet screen during note-taking. In addition, it allows the salesperson to take notes, capture audio of the conversation, and tag critical data for 100% recall of the "voice of the customer" and sales process analytics.
Our Web App enables interaction sharing with everyone at the organization that is involved in the sales process. Sales call data and the "voice of the customer" is converted from speech to text, indexed, and mined for sales intelligence to improve coaching and executive decision-making."
Product Launch: May 2013
Metrics: $3.18M raised to date, 12 FTE, pre-revenue
Product distribution strategy: Direct to Business (B2B)
HQ…
Ignite Sales Debuts Branch Profitability Dashboards to Help Maximize Sales Performance
This post is part of our live coverage of FinovateFall 2013.
Ignite Sales is next up to the stage. The Dallas-based company is launching their recommendations engine that matches banking products to customer eligibility in real-time at the point-of-sale. "Ignite's innovative Branch Profitability Dashboards offer a breakthrough in branch performance measurement. The visual dashboards give bank executives unprecedented information to manage the sales process and determine which branches are profitable." Product Launch: September 2013 Product distribution strategy: Through financial institutions & licensed HQ: Dallas, Texas Founded: September 1997. Launched 2010 Website: Ignitesales.com Twitter: @Ignitesales Presenting Mitchell Orlowsky (CEO) and Barbie Boe (VP Marketing & Founder) The full demo video will be available at Finovate.com in mid-September.
Tinkoff Credit Systems Brings its Click-To-Meet Technology to the U.S.
This post is part of our live coverage of FinovateFall 2013.
All the way from Moscow, here's Russia's leading provider of online financial services, Tinkoff Credit Systems, with their Click-To-Meet technology. "The customer can apply online or by phone for a credit card, debit card, or to make a deposit. She simply has to complete the application on the bank's website and the next day the bank's representative ('smart courier') will meet her at her place of choice to sign documents and to deliver the card. This facility is mind-bogglingly good. The implementation of this innovation took the following steps: We established a nationwide courier system specifically for our online deposit programme We extended the courier delivery programme to credit cards As we honed the service, we developed our own technologies and software TCS now operates one of the biggest courier companies in Russia." Product Launch: May 2013 Metrics:…FlexScore’s Action Steps, Peer Ranking Helps Consumer Game the Financial Planning Process
This post is part of our live coverage of FinovateFall 2013.
Our next presenter is FlexScore, created by two financial advisors to "gameify" the financial planning process. "FlexScore is an entirely new financial product that empowers people to take more control over their personal finances. It's financial advice for the rest of us. We will be demoing our newly patented scoring engine and peer ranking features of the FlexScore web app." Product Launch: Beta launch May 2013 Metrics: $1.5M raised & 6 employees Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed HQ: San Francisco, California Founded: April 2012 Metrics: $1.5M raised & 6 employees Website: flexscore.com Twitter: @myflexscore Presenting Jason Gordo (Co-Founder & CEO) and Jeff Burrow (Co-Founder & President) The full demo video will be available…
Lumesis Helps Advisors Build a Better Compliance Infrastructure
This post is part of our live coverage of FinovateFall 2013.
Leading off our final session of Day One here at FinovateFall 2013 is Lumesis introducing DIVER. "A comprehensive information delivery and compliance solution serving Financial Advisor Networks. DIVER Advisor is designed to protect the firm via a robust compliance infrastructure. Financial advisors gain insights to activity around client positions through real-time dashboards and easily access internal credit research. A simple to generate CUSIP-driven reporting module addresses adherence to regulatory requirements." Product Launch: April 2013 Metrics: 20 employees, 70 institutional clients & 17,000+ users. Funding to date is $5.23M Product distribution strategy: Direct to Business (B2B), through financial institutions, other fintech companies, trading platforms, portfolio management platforms, & licensed to firms. HQ: Stamford, Connecticut Founded: July 2010 Website: lumesis.com Presenting Gregg Bienstock (CEO & Co-Founder) and Timothy Stevens (COO, President & Co-Founder) The full demo video will be available…
GMC Software Technology Unveils Inspire Dynamic Statement for Mobile
This post is part of our live coverage of FinovateFall 2013.
Our final presenter before the afternoon break here on Day One of FinovateFall is GMC Software Technology. "GMC Inspire Dynamic Statement for Mobile delivers a new communication platform for banks. The GMC Inspire Dynamic Statement enables banks to complete their multi-channel communications portfolio, by bridging the gaps between paper statements to mobile statements. This game-changing innovation allows banks to upgrade existing web, email, social, and print-based communications projects to deliver interactive, digital statements that provide easy to understand graphical representations of financial information. GMC Inspire Dynamic Statement for Mobile allows customers to tap their way deep into their transactional data, building upon the GMC Inspire Dynamic Statement for Tablet application." Product Launched: Q3 2013 Product distribution strategy: Direct to Business (B2B), through financial institutions, & licensedHQ: Appenzell, Switzerland
Founded: 1994 Website: gmc.net Twitter: @gmc_net Presenting Scott Draeger…With the Akimbo Card, Users Can Make P2P Payments with a Prepaid Card
This post is part of our live coverage of FinovateFall 2013.
Then, Akimbo stepped up to the stage to show its prepaid P2P payments solution:
"Akimbo is reinventing the allowance with a card that delivers money anytime, anywhere. Akimbo offers free and instant money sharing, and each Akimbo member can create up to 5 sub-cards for kids, students, friends, staff or anyone. Cardholders can link bank accounts and set up automatic allowances to sub-cards or any other Akimbo member.
The Akimbo Card provides immediate access to sent funds everywhere Visa debit is accepted and at ATMs. Cardholders can access and manage their account and sub-cards from any mobile, tablet, or desktop device using our HTML5, adaptive-display web app, or native iPhone app."
Product Launch: March 2013 (New Platform: August 2013)
Metrics: Raised $2.2M to date, 12 employees, 20,000+ users
Product distribution strategy: Direct to Consumer (B2C), Direct…
Yseop Debuts New Financial Suite
This post is part of our live coverage of FinovateFall 2013.
Then, Yseop demonstrated how its Financial Suite can facilitate the report-writing process:
"Yseop Financial Suite, the latest round of financial applications developed on Yseop's technology, is designed to boost sales performance in the financial market. This suite of products covers the full range of possibilities offered by Yseop's text-generating software: including an online personalized expert guidance application for lead generation, whose output can be displayed in multiple languages and a prep-to-meeting report, which demonstrates Yseop's ability to improve sales productivity in retail or commercial banking. Finally, a third application will show our ability to generate a two-page market summary report based on the latest financial data instantly."
Product Launch: January 2013 (latest version)
Metrics: Privately self-funded. Over 20 years of research to develop the technology. First commercialized as a middleware in 2008. 25 employees. 30 large…
Zenmonics Launches mobileBanker to Drive Sales and Service Inside and Outside the Branch
This post is part of our live coverage of FinovateFall 2013.
Our next presenter is Zenmonics. The team is on their way to the stage right now. "Our pioneering mobileBanker tablet gives universal associates access to sales and servicing features both inside and outside the branch or store. Built upon our secure channel integration technology, mobileUNITED, banks can easily extend their current systems without costly core system upgrades or lift-and-replace projects. The system agnostic approach provides an accelerated path for financial institutions to have customer data, product information, sales tools, and account opening at their fingertips - whether they are meeting with customers inside or outside the branch." Product Launch: September 2013 Metrics: Private company, 100% owned by Founder, approx. 200 employees, & $12M-$15M annual revenues Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed. HQ: Charlotte, North Carolina Founded:…Zighra Debuts Automatic, Instantaneous User Recognition with KineticID
This post is part of our live coverage of FinovateFall 2013.
Our next presenter is Zighra, presenting their user recognition innovation, KineticID. "Zighra KineticID provides effortless, automatic, and instantaneous user recognition by adding an invisible security layer to mobile authentication. KineticID implicitly recognizes a user by actively evaluating the user's unique kinetic interaction signature with their mobile device. Securely avoiding mandatory password and PIN authentication eliminates observational shoulder surf, keylogger, and toughlogger risks vectors." Product Launch: September 2013 Metrics: $1.2M raised & 8 employees Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms. HQ: Ottawa, ON, Canada Founded: May 2009 Website: zighra.com Twitter: @dcdutt Presenting Deepak Dutt (CTO) and Michael Bingham (Lead Researcher) The full demo video will be available at Finovate.com in mid-September.
