Finovate Alums LendingRobot, Wallaby Among 2014 Innotribe New York Winners

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Today, New York. Tomorrow, Boston and the world.

LendingRobot and Wallaby Financial were among the five companies to win the 2014 Innotribe Startup Challenge in New York last week. The two companies will join fellow winners, Epiphyte, Juntos Finanzas, and Standard Treasury – as well as winners from competitions held in Singapore and London – for the final competition in Boston this September where an overall winner for 2014 will be crowned.

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LendingRobot demoed its technology at FinovateSpring 2014 in San Jose. The company’s solution not only helps investors manage their P2P loan portfolios, but also uses automation to help them compete against experienced and institutional investors who themselves use technology to spot the best loans available from companies like Lending Club.

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Wallaby Financial helps consumers choose which credit card in their wallet is the optimal one to use with any given transaction. Demoing its Wallet Boost technology as part of the FinovateSpring show in 2013, Wallaby was recently in the news announcing a new service called WalletUp. Available from its new partner, CreditCards.com, WalletUp makes it even easier for consumers to have and use the best mix of credit cards for them.
Also participating in the Innotribe competition in New York were a handful of other Finovate alums including CUneXus, Socure, and Digital Retail Apps. See FinovateSpring 2014 demos of CUneXus here, and Digital Retail Apps here. Socure’s demo from FinovateFall 2013 is available here.

Digital Retail Apps Previews its Consumer Engagement Solution, SelfPay

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This post is part of our live coverage of FinovateSpring 2014.

Our next presenter is the team from Digital Retail Apps demoing SelfPay.

SelfPay helps merchants engage each shopper in-aisle, item in hand and on their mobile device. As a shopper nears a store, they’re located via iBeacon and location services – no need to check in or search for an app. SelfPay welcomes the shopper and displays the store’s brands, items, descriptions and pricing. Shoppers can purchase items in-app to take home right away – no more waiting in line just to pay. 
SelfPay extends the POS to the shopper’s mobile device and purchases are settled with the existing merchant account, posting immediately to the POS. As a wallet aggregator, SelfPay offers a wide choice of payment methods from credit cards to e-wallets. Also included is a patent-pending wireless purchase verification method, SP Verify.
Presenting: Wendy Keith (CEO & Founder), Jakub Ostapinksi (Marketing), and Susan MacKay (Marketing)
Product Launch: May 2014
Metrics: Beta launch retailer recorded 7% sales via SelfPay, official allowance confirmed from USPTO for claims protecting SelfPay IP; less than 10 employees; $500,000 in self-funded capital.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Toronto, Ontario, Canada
Founded: March 2012
Twitter: @digitalretail

FinovateSpring 2014 Sneak Peek: Part 4

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What’s the only thing better than getting to know 18 of the companies that will demoing at FinovateSpring 2014 less than a month from now?

Meeting six more.

Here’s the fourth installment of our FinovateSpring 2014 Sneak Peek series. In today’s edition, we’ll introduce you to a sextet of innovators in fields ranging from loan origination and in-store offers to mobile data capture, mobile banking, and mobile security.

If you missed any of our previous editions, the links below are a great way to get caught up. 
In the meanwhile, get ready to meet defi Solutions,Digital Retail Apps, Kofax, StrategyCorps, Rippleshot, and Vorstack. And to save your spot at FinovateSpring, April 29-30 in San Jose, California, click here to buy your ticket today.


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defi Solutions takes auto lending to the next level with its SaaS Loan Origination System that can be configured and launched within days not months.

Features:
  • Affordable, enterprise system completely configurable for auto lenders of all sizes
  • Accesible from mobile devices
  • Browser-based solution allowing lenders to focus on lending v.s. technology
Why it’s great: 
defy Solutions SaaS Loan Origination System allows auto lenders to configure the system to meet market demands without costly development time.
Presenters:
Stephanie Alsbrooks, Founder
Founded defi Solutions with the mission to overcome the auto lender challenge of choosing between dated, inefficient, out-of-the-box systems and costly, long-to-implement custom solutions.
Chris Holt, Senior Engineer, Automation

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Digital Retail AppsSelfPay is a platform to engage in-store shoppers. Shoppers scan items, view product details, and pay for their purchases on their own mobile devices.

Features:
  • Locates and welcomes the shopper using Beacon technology
  • Integrates with POS and merchant account
  • Offers lineup-free payments via shopper’s own device
Why it’s great:
We give in-store shoppers a natural shop + pay flow and merchants a way to engage in-moment while collecting deep insights into shopper in-store activity.
Presenter:
Wendy MacKinnon-Keith, CEO/Founder
Innovating by pushing payments into the background. Speaker at events such as SXSW and CNP; consulted to IBM, Nokia, Safeway, and others.

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Kofax’s Mobile Capture Platform is helping consumers better connect with retailers by automating the process of checking balances on their gift cards through the use of their smart phone or tablet.
Features:
  • Use mobile devices to automatically detect retail gift cards
  • Eliminate the process of manually entering accounts numbers
  • Give customers immediate access to account balances and other information
Why it’s great: 
The solution makes gaining access to gift card information more convenient for gift card issuers. It gives vendors a cost effective tool that helps them deliver better service and faster transactions.
Presenter:
Drew Hyatt, Senior Vice President of Mobile Applications
His team is responsible for driving the company’s mobile capture business on a worldwide basis.

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StrategyCorps’ BaZing expands basic mobile and online banking, connecting them closer to the way consumers use mobile and online financial services in their everyday lives.

Features:
  • Hundreds of thousands of local merchant discounts at your fingertips
  • Location-aware coupons and targeted notifications
  • A mobile financial services customer experience beyond basic mobile banking
Why it’s great:
BaZing boldly goes beyond basic mobile banking, delivering in-demand services that connect better with consumers and how they use their mobile phones every day.
Presenter:
Mike Branton, Managing Partner

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RippleShot detects credit card data breaches. Our cloud-based solution helps merchants and banks proactively stop fraud before it occurs.

Features:
  • Next Gen fraud prevention – stopping fraud before it occurs
  • 24/7 monitoring – detecting breaches faster
  • Early warning alerts – proactively protects merchants, consumers and credit card issuers
Why it’s great:
It’s not if you are going to be breached, it’s when. Rippleshot’s 24/7 monitoring proactively detects, mitigates and stops fraud before it occurs.
Presenters:
Canh Tran, Co-Founder and CEO
Has over 25 years of experience focused on big data and predictive analytics to solve sales, marketing, fraud and credit problems.
Lucas Ward, Co-Founder and COO
Is a proven technology leader. At Fundspire, Lucas created an innovative product to change the way hedge funds viewed and analyzed their data.

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Vorstack combats cyber threats with automated and collaborative threat intelligence. Brand-conscious organizations will lower risk, save money and protect intellectual property.

Features:
  • Automated analysis and correlation of disparate cyber threat information
  • Coordinated threat intelligence with industry and peers
  • Fine-tuned configurable control over shared threat info
Why it’s great:
Vorstach lowers the probability and cost of a cyber attack through automation and coordination. You’ll save time and money, and protect your brand.
Presenters:
Joe Eandi, JD, CEO and Co-Founder
Has served on executive management teams and boards, and was an attorney with Wilson Sonsini.
Mark Manning, VP Technical Services
Has founded and advised numerous startups, and held management roles at Trust Digital, ORBID, Phoenix Technologies, and British Telecom.

Be sure to join us next week for another installment of our FinovateSpring 2014 Sneak Peek series.
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