FinovateFall Sneak Peek: Alpharank

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

See the Alpharank Marketing Cloud deliver net new deposits cost-efficiently. Alpharank builds a graph using core transaction data to identify customer networks and amplify marketing.

Features

  • Reduce the deposit-weighted cost of acquisition
  • Increase deposits and primary households within your existing base
  • Radically improve adoption of services like mobile, Zelle, and eStatement

Why it’s great
Alpharank helps banks and credit unions find great new users and deepen relationships by building a graph model of your current base.

Presenters

Brian Ley, CEO and Founder
Alpharank increases the efficiency of FI’s digital marketing efforts. Acquire new deposits at lower cost with Alpharank’s Marketing Cloud – powered by the graph.
LinkedIn

 

Yoela Palkin, VP Engineering – Technical Team Lead
Palkin is a three-time founder with two successful exits. At the age of 17, she transferred into UC Berkeley as a junior and began seeing the opportunity in mobile and SaaS enterprise applications.
LinkedIn

 

Finovate Alumni News

On Finovate.com

  • IdentityMind Webstore Helps Businesses Integrate Compliance Solutions

Around the web

  • Fiserv launches digital account opening and loan origination platform, Originate.
  • Standard Chartered announces new chief operating officer, David Whiteing.
  • Coinbase to support new cryptocurrency pairs for GBP: ETH-GBP, ETC-GBP, LTC-GBP, and BCH-GBP.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring 2018 Best of Show Winners Announced

The votes have been counted and the winners of our FinovateSpring 2018 Best of Show awards have been named. Congratulations to the five companies whose live demonstrations of their latest technologies wowed our attending crowd in Santa Clara, California this week.

Every Best of Show competition teaches us something about the state of fintech innovation in the world today. How are fintechs helping improve the customer experience in lending? How can financial institutions get a better understanding of their customers needs and preferences? How can we make it safer to bank and shop – to say nothing of simply communicate – safely online without fear of interference (or worse) from cybercriminals?

This year’s FinovateSpring 2018 Best of Show winners were no exception to this rule. The companies highlighted by our Best of Show awards reflect impressive innovations across the broad spectrum of financial technologies.

Conversation.one for its build-once-deploy-anywhere platform for conversational applications that enables FIs to build, deploy, and enhance their Alexa Skills, Google Home Actions, Facebook Messenger bots, and chatbots in one single process, in just a few minutes. Video.

Dynamics, Inc. for its network-approved “connected” payment card with a 65k pixel display, organic recharge, and telecommunications chip to facilitate wireless data downloads and customer notifications. Video.

 

 

Kasasa for its Kasasa Loan that lets borrowers pay ahead to reduce debt and take that extra money back if they need it. Kasasa Loans feature a mobile app that allows borrowers to manage their debt and access take-backs instantly. Video.

Trusona for its Trusona Executive solution that enables frictionless #NoPasswords multi-factor identity authentication at scale, including identity-proofing, step-up authentication using a person’s government-issued ID. Video.

Alpharank for its innovative Customer Graphs that leverage FIs’ anonymous transaction card data to help them understand how products and behaviors spread through customer networks and how to leverage network effects to their advantage. Video.

We hope you have enjoyed the first two days of FinovateSpring. The conversation continues on Thursday and Friday as we launch into deeper dives into many of the themes introduced on the first two days of our spring conference.

From the power of AI and Big Data to the rise of voice technologies as the interface of the future, the second half of FinovateSpring will help provide both context and insight into how many of the most exciting technologies of our time are creating ever more engaging, personalized, and relevant experiences for consumers of financial services. To learn more about the keynotes, panel discussions, and fireside chats we will host on Thursday and Friday, be sure to check out our FinovateSpring 2018 agenda for Days Three and Four for more information.


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The five companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018

Alpharank Among Startups Graduating from VC Fintech Accelerator Empowered by FIS

That set of mortarboards you might have noticed sailing through the air this week may have come from the celebrations of startups graduating from the VC Fintech Accelerator Empowered by FIS this week. The occasion was marked by the accelerator’s Demo Days Event during which all ten companies – two international startups and eight U.S.-based firms – presented their technologies before an audience of more than 350 investors and financial services professionals.

“These companies have demonstrated their capacity to bring world class solutions to solving problem and challenges in the FinTech space,” accelerator managing director, Wayne Miller said. Miller credited the companies for their proven ability to execute, “clearly validating their value proposition to enable banks to better serve their customers in the digital world.”

Among the ten companies in this year’s cohort was Finovate alum, Alpharank, which won Best of Show in its Finovate debut this spring. The company leverages the kind of social graph technology successfully pioneered by Facebook – and effectively used by telecoms like Sprint to reduce customer churn – to help financial services get new customers and retain current ones. Alpharank was also among the companies earning special recognition from attendees. Quoted in Northwest Arkansas Democrat Gazette, FIS VP Jack Novielli highlighted the company for its ability to provide key banks with key insights into their customers. “As banks become more pointed in their marketing who do they best market to,” he told the Democrat Gazette.  How does the bank spend its marketing dollar wiser?”

Alpharank was founded in San Francisco, California. The company won Best of Show for its live demonstration of its Customer Influence Mapping technology, which enables banks and credit unions to turn their historic transaction data into predictive social graph data. The company includes 500 Startups, Malcolm CasSelle, Payment Ventures, Right Side Capital Management, and Tony VanBrackle among its investors. Brian Ley is CEO.

The ten companies selected this year were the top selections from an applicant pool of 295 applications from the U.S. and 39 other countries around the world.Making the cut along with Alpharank were:

  • Alto IRA
  • Bond.AI
  • eGiftify
  • Hedgehog
  • Omnetrium
  • Plinqit
  • Quotanda
  • WalletFi
  • Xplanr Analytics

Sponsored by Little Rock, Arkansas’ The Venture Center, the VC FinTech Accelerator provides a 12-week accelerator program for startups developing innovative technologies for the financial services industry. The program includes mentoring and training from financial services professionals from FIS and The Venture Center, as well as exposure to the program’s 30 financial institution partners. The Venture Center notes its member companies have created more than 445 jobs, more than $28 million in revenue, and raised $39 million in equity funding in the three years since its inception.

Finovate Alumni News

On Finovate.com

  • Alpharank Among Startups Graduating from VC Fintech Accelerator Empowered by FIS.
  • Juvo Raises $40 Million in Round Led by NEA, Wing Venture Capital.
  • Klarna Unveils Free P2P Payments Service, Wavy.

Around the web

  • Fiserv acquires mortgage tech solutions provider, PCLender.
  • Consorsbank picks technology from Germany’s figo to power its multibanking service.
  • PayU Colombia to deploy SaaS-based core banking technology from Mambu.
  • Trulioo’s GlobalGateway platform coverage extended to six Latin American countries.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Best of Show Winner Alpharank Earns Spot in FIS Accelerator

By the end of Alpharank’s Best of Show winning demo at FinovateSpring last month, few doubted that connectivity was the key to everything from customer retention to providing more personalized services. Alpharank CEO Brian Ley had just shown how his Customer Influence Mapping technology enables FIs to spot highly-networked “influencers” among their customer base, and how to leverage those influencers to build better engagement and a more customized UX.

“If you’re an aggregator of financial information, you’re sitting on one of the most valuable data assets in the entire world,” Ley said, “Alpharank can help make it significantly more valuable.”

And now, in addition to its Best of Show trophy, Alpharank can add earning a spot in the FIS 2017 VC Fintech Accelerator to its list of accomplishments. The company was one of ten selected for the 12-week program, emerging from a field of 295 applicants from around the world. All ten companies will get mentoring and training from FIS and the Venture Center, and will receive a monetary investment of $50,000, with a potential to earn an additional funding of up to $300,000.

Pictured: Alpharank CEO Brian Ley demonstrating his Customer Influence Mapping technology at FinovateSpring 2017.

“This program is a great example of how we are harnessing the spirit of entrepreneurship with the power of applied innovation to bring breakthrough products and services to our clients,” FIS president and CEO Gary Norcross said. Lee Watson, CEO of the Arkansas-based Venture Center, added “together we provide fintech startups with proven go-to-market training, C-suite level mentorship and access to top financial institutions.” The program, which began last week, will end with a Demo Day with potential investors, community leaders, and entrepreneurs on July 26 at the Clinton Presidential Library in Little Rock, Arkansas.

Headquartered in Silicon Valley, Alpharank demonstrated its data-as-a-service technology at FinovateSpring 2017. With a backstory of virus mapping and spotting top influencing “brand ambassadors” in retail, Alpharank emerged in 2015 as a builder of APIs that help FIs turn their transaction data into predictive social graph data. “We take two to three years of credit or debit card data. We pump it through Alpharank,” Ley said. “Alpharank then tries billions of network combinations to find the correct social graph. And we deliver that back to the FI.”  Alpharank only requires the customer ID, merchant ID, a time stamp, and a total to build the graph and the outputs can be visualized in a three-dimensional model that makes it easy to identify top influencers and their connections.

Pointing to one key influencer (“Sam”) in a graph produced during the company’s FinovateSpring demo, Ley explained how targeting key influencers and their connections can play a major role in improving engagement. “If you’re trying to spread something like a credit card or a mobile banking app, start with Sam first,” Ley said. He added, “Even if you have to take him out for dinner. He’s going to speed up your adoption curves throughout the network.”

Now in its second year, the VC Fintech Accelerator is sponsored by FIS and The Venture Center. Alpharank is the second Finovate/FinDEVr company to participate in the program; FinovateFall 2015 alum bleu was a member of the Accelerator’s initial 2016 class.

Joining Alpharank in the summer 2017 program are:

  • Alto IRA
  • Bond.ai
  • eGiftify
  • Hedge Hog
  • Plinqit
  • Omnetrium
  • Quotanda
  • WalletFi
  • Xplanr

Finovate Alumni News

On Finovate.com

  • Best of Show Winner Alpharank Earns Spot in FIS Accelerator
  • Finovate Debuts: Dorsum Puts the AI in DAISY, its Onboarding ChatBot
  • Trulioo Bolsters Regtech Solution with Mitek Partnership
  • How to Make It In the Fintech Industry: Startup Success Stories Speak Out

Around the web

  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform. Join Trulioo at FinDEVr London next month where the company will lead a lunch roundtable discussion, AML, KYC, OMG: How to manage compliance with a smaller team and a better UX.
  • Greenkey Technologies announces interconnection partnership with iMarket.
  • Misys launches FusionCapital Detect, an AI-powered, smart personal assistant that helps identify errors and anomalies in trade transactions.
  • Daily Fintech profiles blockchain innovator and Finovate Best of Show winner, BanQu.
  • FinDEVr alum OutSystems expands to Asia with new office in Japan.
  • Signicat teams up with Rabobank to launch new, Netherlands-based digital identity service provider.
  • Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv.
  • BioCatch Receives Frost & Sullivan New Product and Innovation Award for Continued Disruption in Behavioral Biometrics Landscape.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring 2017 Best of Show Winners Announced!

Do the Best of Show winners of FinovateSpring 2017 represent our most diverse array of fintech innovations to date?

You be the judge. This year’s winners include four companies that made their Finovate debuts this year, as well as a pair of companies – Hedgeable and SaleMove – that are not only Finovate veterans, but also are previous Best of Show award winners. And when we focus on the technologies involved: artificial intelligence, automated financial advisory, OCR, machine learning, biometrics, and more, it is clear that the innovations we see on the Finovate stage are indicative of broader trends not just in fintech, but in the technology industry as a whole.

So here’s to the innovators of FinovateSpring: from those who leverage technology to solve fundamental problems in finance to others who take advantage of the “sharing economy” to introduce entirely new ways to do everything from buying a home to investing for retirement.

Alpharank for its APIs that enable FIs to turn their transaction data into predictive social graph data.

Capitali.se for its fully-automated portfolio management and trade execution technology that turns natural language into executable investment strategies.

 

Hedgeable AI Lab for its artificial intelligence platform, Katana, that leverages voice commands and chatbot technology to provide financial planning advice.

 

 

Microblink for its real-time, retail receipt scanner for mobile apps, turning the mobile camera into an accurate data catcher and replacing manual inputs.

 

 

Neener Analytics for its compliant social media analytics solutions that provide frictionless credit decisioning and individual risk outcome predictions.

 

SaleMove for its Engagement Platform and OmniBrowse solution that helps FIs meet or exceed the in-person customer experience online.

SpeechPro for its VoiceKey.FRAUD technology that uses voice biometrics to enable call centers to detect fraudsters.

Unison for its HomeBuyer and HomeOwner solutions that helps make homes more affordable and home equity easier and less expensive to access.

What a time we had this year in San Jose! Thanks to all our presenting companies, our sponsors and partners, our volunteers, temps, and presenter-acclaimed AV team, and of course, thanks to you, our attendees. We are already looking forward to our return to Silicon Valley next year for FinovateSpring 2018. So if we don’t see you this summer in London for FinDEVr or this fall in New York for our new, expanded FinovateFall conference, we hope we’ll see you again this time next year right here.


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The six companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 and 2016 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017