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FinovateSpring 2014 Sneak Peek: Part 5

By Julie Muhn (@julieschicktanz) Posted on April 8, 2014
Categories: Encap, FinovateSpring 2014, FinovateSpring 2014 Sneak Peek, Insuritas, Pellucid Analytics, Radius, TextPower, Venovate

Below, we’ve brought you another set of companies that will show off their newest technology at FinovateSpring on April 29 and 30 in San Jose. The six companies featured below will demo their fintech solutions that target problems ranging from marketing to security.

In case you missed them, check out the following posts in our series, each featuring 6 companies:

Encap Security allows FIs to think outside the “authentication box,” providing the ideal solution for mobile and online banking, CNP transaction and call center authentication.

Features:
Encap Security’s in-app authentication solution:

increases security while improving customer experience
increases adoption, revenue while decreasing costs
satisfies regulatory requirements.

Why it’s great:
For the first time, you can forget that old trade-off between security and ease-of-use.

Presenters:

Adam Dolby,VP of Business Development
Dolby serves as Encap Security’s VP of Business Development, with a focus on the Americas. He brings over 20 years of experience in the development and delivery of e-banking products.
LinkedIn

David Nayes, Director of Sales
Nayes has a deep understanding of strategies for combating payment and mobile banking fraud.
LinkedIn

Insuritas is the nation’s leading SaaS banking solution delivering on the high demand for Web based services from financial institutions that converts online banking sites into sales engines.

Features:

SmartCART delivers shop, compare, buy, single check-out and post-sale online account creation
Sales revenue annuitizes at 82% YOY
Contains products consumers purchase and repurchase every year

Why it’s great:

Transforms bank web eco-systems for 69 million online banking customers from service sites into ecommerce platforms that generate value added, annuitizing, non-cyclical fee income.

Presenters:

Jeffrey Chesky, Founder, President & CEO

Chesky pioneers the design, installation, and outsourced management of insurance agencies for financial institutions nationally.

Matt Chesky, SVP

Chesky joined Insuritas in 2012, oversaw design and deployment of Insuritas SmartCART Technology and SaaS platform; Graduated Yale ’12 with a degree in Economics.
LinkedIn

Pellucid Analytics fixes pitchbook creation. It is a tablet and browser product that lets you browse print-ready charts and drag them into a pitchbook.

Features:

Leverage a large gallery charts formatted to firm-specific branding standards
Quickly assemble charts into a pitchbook
Focus on applying judgment to information and crafting a compelling message

Why it’s great:
Pellucid compresses the time required to perform a broad range of pitchbook-related activities from days to seconds.

Presenters:

Adrian Crockett, CEO and Cofounder
Crockett has over 14 years of investment banking experience, heading groups at Credit Suisse, Merrill Lynch, and Deutsche Bank.
LinkedIn

Jamie Ballingall, Chief Scientist and Cofounder
Ballingall oversees delivery of the product and was formerly an investment banking quant and adjunct associate professor at Columbia University.
LinkedIn

Radius is the modern way to market to small businesses. Unlock your best SMB customer segments. Deploy targeted marketing campaigns and measure your success.

Features:

Gain insights on more than 27 million U.S. businesses
Discover your best customer segments and create look-alike lead lists
Deploy campaigns and measure success

Why it’s great:
Radius takes the guesswork out of lead generation. Identify your best market segments. Deploy amazing marketing campaigns. Learn. Repeat.

Presenter:

Darian Shirazi, Founder & CEO
Shirazi was an early employee at Facebook and worked on the Sell Your Item team at eBay. He has founded, invested in, and advised many successful technology companies.
LinkedIn

TextPower’s TextKey protects data, websites, and VPNs by having users send a simple text message which authenticates by verification of up to seven factors.

Features:

World’s first omni-factor authentication (checks every factor)
Virtually unhackable; authenticates via simple SMS
Affordable and easy to install for any size business

Why it’s great:
Simple, strong, secure protection for your data, website and company. TextKey’s patent-pending technology is virtually unhackable because users text the key from their cell phone.

Presenter:

Scott Goldman, Co-founder/CEO
Technologist, successful entrepreneur, author, consultant, globally-recognized speaker, and “Wireless Wizard”. Mileage-mad cyclist. Favorite hobby: Making dark chocolate disappear.
LinkedIn

Venovate’s Marketplace is an online platform that makes investing in and fundraising for private securities faster and more efficient.

Features:

Verification of investors and fundraisers
Thorough due diligence on investment opportunities
Back office for efficient execution of transactions

Why it’s great:
Venovate is the smarter alternative for investing and fundraising.

Presenters:

Michael Raneri Chairman & CEO
Raneri has over 20 years of experience in executive positions with four leading online brokerage firms. Uniquely qualified to lead the next generation of financial industry innovation.
LinkedIn

Thomas Foley, Co-founder
Foley has been successful at several startups and in investment banking. Recognized for outstanding entrepreneurship in BusinessWeek’s 30 Under 30.
LinkedIn

Be sure to check back on Thursday of this week, when we’ll post a sneak peek of another six companies.

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Encap Security’s Smarter Authentication Turns Personal Devices into Security Credentials

By David Penn Posted on February 11, 2014
Categories: Encap, FinovateEurope 2014

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

From Oslo, Norway, Encap Security is next, demoing their software-based, authentication solution.

“Smarter Authentication is the world’s only software-based, banking-grade, authentication technology that doesn’t compromise between security, user experience and utility.”

Presenting Thomas Bostrøm Jørgensen (CEO) and Adam Dolby (VP Bus. Dev.)

Product Launch: November 1, 2012

Metrics: People – Based in Oslo and Palo Alto, Encap Security’s management team has more than 60 years’ experience and an unrivaled pedigree in authentication, identity management, mobile app security and mobile financial services. Finance – Following a recent funding round, the total investment in Encap Security stands at €4.8 million. Market Traction – Encap Security’s solution is used by major financial institutions, enterprises and technology integrators including Santander Consumer Bank Norway, EnterCard and Sparebanken Vest. Encap Security’s technology is approved by the Norweigian Banks’ Standardisation Office and security experts Room66.

Product distribution strategy: Indirect through System Integrators and Service Providers, Direct to Business (B2B), and through financial institutions/tech companies and licensed platforms.

HQ: Oslo, Norway

Founded: 2007

Website: encapsecurity.com

Twitter: @encapsecurity

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FinovateEurope 2014 Sneak Peek: Part 7

By Julie Muhn (@julieschicktanz) Posted on January 29, 2014
Categories: Cardwise, Encap, FinovateEurope 2014, Innovation Agency, Intuition Intelligence, Kofax, SoftWear Finance, vaamo

Before our team at Finovate packs their bags for FinovateEurope in London, we compiled the final seven glimpses of what presenting companies plan to show on stage at Old Billingsgate Market Hall on February 11-12.

If you missed the first six installments of our Sneak Peek series, you can view them here:

Cardwise’s Xpenditure provides innovative expense management, eliminating your expense notes completely.

Features:

- Integrated approval flow on expense level
- Clear and user-friendly design
- Intelligent scanning of receipts and statements

Why it’s great:
Finally easy expenses management for independents and bigger companies, also available via added value partners.

Wim Derkinderen, Co-founder & COO

Koen Christiaens, Head of product

Encap Security’s Smarter Authentication is the world’s only software-based, banking-grade authentication technology that doesn’t compromise between security and user experience.

Features:

- Non-OTP authentication for both web and native apps
- Device authentication for low-risk transactions, and PIN for high-risk
- Risk metrics: jailbreak detection; keystroke and behaviour analysis

Why it’s great:

To balance security and the user experience authentication must be proportional to activity. This is only possible by using software, data and a smart device.

Thomas Bostrøm-Jørgensen, CEO

Thomas has over 10 years experience in the mobile financial services, identity management and mobile application security sectors.

Adam Dolby is VP Business Development with 10+ years in authentication and security and 10+ years in financial services.
LinkedIn

Innovation Agency’s Innovation Cafe is an Innovation management platform, based on the social-based innovation approach for driving collaborative, measurable innovation within the enterprise.

Features:

- Transparent judging and online rewards process automation
- Widgets and crowdsourcing from external platforms allow integration with Innovation Cafe and pushes feedback from clients into an internal Innovation Cafe instance

Why it’s great:
Innovation Cafe is primarily targeted at financial services organisations, and has been designed for adoption within these ecosystems.

Rory Moore, CEO

Rory assists companies in reframing their businesses through innovation initiatives and has successfully implemented many innovation initiatives with a strong focus on social based innovation.
LinkedIn

Sean O’ Reilly, CTO

Sean has great industry experience in creating software for innovation projects. He is enhancing his skill with a Masters Degree in Artificial Intelligence.LinkedIn

Intuition Intelligence’s end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.

Features:

- Smart Offers markets Bank Products and Merchant Offers at the right moment to customer
- Solve Pains: Volume, Velocity, Variety, Vicinity, Visibility & Value
- Check out the demo here: http://www.intuitionintelligence.com/demo.html

Why it’s great:
By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre & post login.

Arif Ansari

Keynote Speaker for Big Data & Predictive Analytics, Expert in multiple areas of advanced intelligent systems and Multiple Patent holder.
LinkedIn

Yusuf Ansari

Entrepreneur with track record of achieving #1 Market Share, Visionary in building iconic products and Hands on execution and Product management.
LinkedIn

Kofax is enabling customers to use mobile phones to interact with banks to open a new account, apply for mortgages, and deposit cheques with the snap of a photo.

Features:

- Meet and service the customer via the mobile channel
- Reduce operating costs and minimize drop-off rates
- Build competitive advantage while increasing growth and profitability

Why it’s great:
Kofax Customer Onboarding improves the agility and profitability of your bank’s customer onboarding processes by engaging customers via mobile devices.

SoftWear Finance’s hacu platform enables a bank to provide customers with the best possible user experience on any platform or device.

Features:

- Easy integration with Facebook and Foursquare lets banks get to know their clients better.
- hacu’s high performance is rapidly adapted to a bank’s requirements.
- Speed and convenience

Why it’s great:
Sophisticated technology lets a bank promote its products and services with remarkable ease.

Pavel Malyshev, Co-Founder and CEO
LinkedIn

Igor Dubovoy, Co-Founder and Head of Business Development

vaamo is the new way of investing your money: easy, clever, and absolutely safe.

Features:

- Focus on personal financial goals, not financial products
- Save and invest money with just 3 clicks, anytime and everywhere
- Neither investment experience nor financial advice required

Why it’s great:
vaamo fundamentally changes saving and investing by providing intuitive and profitable online investment management that focuses on planning, monitoring, and achieving your personal financial goals.

Oliver Vins, Co-Founder and CPO
After advising banks for more than 8 years at McKinsey, Oliver aims at providing professional and fair investment products to everyone.

Thomas Bloch, Co-Founder and CFO
Following 8+ years in financial institutions investment banking at J.P. Morgan, Thomas is dedicated to provide retail customers with investment solutions similar to those reserved for high net worth individuals.
LinkedIn

If you still don’t have your ticket to FinovateEurope, there’s still time. Get your ticket here and don’t miss out on the hottest innovations in European fintech.

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Finovate Alumni News– October 15, 2013

By Julie Muhn (@julieschicktanz) Posted on October 15, 2013
Categories: Check, Comarch, Encap, Kabbage, Leaf, Manilla, Mint.com, PayPal, Ping Identity

PayPal partners with Revel systems for its physical POS device.

TechCrunch interviews Ping Identity Founder, Chairman, and CEO Andre Durand.

Capitol Public Radio interviews Kabbage.

Comarch launches mobile business banking solution in the U.K.

Looking for an app to manage your money? USA Today suggests solutions from three Finovate alumni: Manilla, Mint, and Check.

StreetFight features Leaf among its list of 5 mobile payment platforms with integrated marketing solutions.

Encap announces partnership with ForgeRock to bring multifactor intelligent authentication to OpenAM.

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.

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Finovate Alumni News– June 14, 2013

By David Penn Posted on June 14, 2013
Categories: Arxan Technologies, Billeo, Encap, Heckyl Technologies, Jemstep, MoneyDesktop, Moven, Narrative Science, Nomis Solutions, Quantopian, Wallaby Financial, Zopa

LifeHacker takes a look at Wallaby’s mobile app.

Nomis Solutions wins patent for price sensitivity models.

Heckyl Technologies takes first place in UK Trade & Investment innovation contest.

Billeo announces acquisition of ecommerce platform, Swag.io.

Encap earns seven-figure investment from ProVenture Seed.

Credit Union Times features Arxan.

Money Marketing considers Narrative Science, Quantopian, Moven, MoneyDesktop and Jemstep.

Zopa named Most Trusted Loans Provider at the Moneywise Customer Service Awards 2013.

CU Broadcast interviews MoneyDesktop’s Bret Skousen.

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.

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Encap Earns Seven-Figure Investment from ProVenture Seed

By David Penn Posted on June 13, 2013
Categories: Encap

Exact terms of the funding were not disclosed in Encap’s press release of the announcement. However, TechCrunch is reporting that the funding totaled $2 million.

This takes Encap’s total funding to more than $2.8 million, courtesy of previous investment from Alliance Ventures.

Based in Oslo, Norway, Encap specializes in mobile authentication, providing in-app, banking grade security. Encap’s technology eschews SMS codes, hardware tokens, and one-time, password-based authentication in favor of an approach that, in the words of ProVenture Seed Managing Partner, Herbjøm Skjervold, combines multi-factor authentication with risk profiling.

The company plans to use the capital to help expand into new regions, particularly the United States and United Kingdom, as well as to increase market share in a competitive market for security services. According to a report in SecureID News, the multi-factor authentication market itself should surpass $5 billion by 2017.

Encap demoed its technology as part of the FinovateSpring 2013 event in May. See the company’s presentation here.

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Encap’s Multi-Factor Authentication Solution Provides Speed and Security

By David Penn Posted on May 15, 2013
Categories: Encap, FinovateSpring 2013

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

Bridging the gap between banking grade security and user experience is our next presenter, Encap.

“The Encap product is a software-based authentication solution that provides uncompromising speed, security, and simplicity to boost the adoption of financial services and applications. It allows any service provider to offer two- and three-factor authentication using the customer’s smart device.

Integrating Encap’s client SDK with a native app creates a seamless, familiar login experience while maintaining banking-grade access security. The 1st (“know”) factor is the user-defined PIN, the 2nd (“have”) factor is the uniquely identifiable smart device and the 3rd factor (“are”) is the user’s typing behavior. By integrating with Encap’s server-side SDK, the service provider can use Encap’s solution as part of its existing identity management access control service and signature systems.”

Product Launched: December 2012

HQ Location: Oslo, Norway

Company Founded: June 1, 2008

Metrics: 8 employees

Website: encapsecurity.com

Twitter: @encapsecurity

Presenting Thomas Bostrøm Jørgensen (CEO)

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FinovateSpring 2013 Sneak Peek: Part 2

By David Penn Posted on April 16, 2013
Categories: Allied Payment Network, Encap, FinovateSpring 2013, Green Dot, Gremln, Jemstep, Leaf, LICUOS, Lodo Software, Micronotes, Persint, Prestadero, TSYS

If you missed Part 1 of our FinovateSpring 2013 Sneak Peek, click here to read about some of the innovative companies that will be presenting at our upcoming May event in San Francisco.

To learn more about the show, visit our FinovateSpring 2013 page here. Or if you’re just looking to pick up your tickets to the event, click here.

Part 2 of our Sneak Peek will feature another 12 companies that will be among those demoing on the Finovate stage in San Francisco next month. We’ll have even more companies to show you next week.

______________________________________________

Allied Payment Network: Allied Payment Network’s “Pay-It-Your-Way” strategy is driving mobile bill pay adoption by leveraging technology that consumers are embracing wholeheartedly – clicking, snapping a picture, or speaking.

Features:

Strategic differentiator for FIs
Live and available through multiple reselllers
Easily integrate into any mobile app

Why it’s great: Allied’s PicturePay has set the new standard for simplicity in mobile bill pay, using voice or a smartphone’s camera.

Encap: Provides a banking-grade, software-based authentication solution that offers uncompromising speed, security, and simplicity to boost

the adoption of financial services and applications.

Features:

2- and 3-factor authentication that helps drive customer adoption
Seamless integration into apps
Lower cost of ownership

Why it’s great: Most 2- and 3-factor authentication solutions will make your customers hate your product. Integrating Encap will make them love it.

GoBank (by Green Dot Corporation): The first bank account designed from scratch to be opened and used on a mobile device, with deposits insured by the FDIC.

Features:

Real-time alerts
Fast: Join in minutes
Fair: No overdraft fees or minimum balance

Why it’s great: GoBank was created with the user experience top of mind to develop an innovative product with no hidden fees, complete transparency, reliability and peace of mind.

Gremln: Regulatory guidelines make social media compliance difficult for financial services. Gremln provides filtration, approval, and archiving. Teams can work together for secure social media.

Features:

Use social media AND keep your job
Verify posts are compliance before they are live
Multi-tiered approval process

Why it’s great: Your organization’s marketing and compliance forces can work in harmony to create secure, successful social media … all because of Gremln.

Jemstep: Jemstep Portfolio Manager is an online investment advisor that helps people lock in more money for retirement by telling them exactly what to buy and sell.

Features:

All they need to know
Exactly what to do
High-caliber guidance, not high fees

Why it’s great: Jemstep Portfolio Manager is the first and only resource of its kind, and it takes the complexity out of investing.

Licuos: A global B2B payment platform that generates the most efficient A/R and A/P netting, payment and funding proposals for businesses.

Features:

Improves the financial efficiency of businesses
Reduces businesses’s funding needs and credit risk exposure with their clients

Why it’s great: LICUOS allows businesses to reduce their dependence on banks so that they can significantly improve their working capital management.

Leaf: Leaf empowers small business owners to run and grow their businesses by providing a mobile payment platform built for local commerce.

Features:

Accept payments via the processor of your choice
Analyze business performance from any device
Easily engage customers

Why it’s great: LeafPresenter is the first tablet designed specifically for local retail, benefitting small business owners in ways not previously possible.

Lodo Software: D3 Banking uses a powerful, predictive analytics engine and adaptive UI to provide a full range of financial services tailored to customer’s needs anytime, anywhere.

Features:

Consistent customer experience via any digital channel
Customized, automated, targeted marketing
Flexible integration options

Why it’s great: D3 Banking delivers data-driven, digital banking, empowering financial institutions and their customers.

Micronotes: Delivers on the cross-sell imperative for digital banks.

Features:

Most productive digital cross-sell tool
Maximizes $/square inch of digital real estate
Gives interactive a whole new meaning

Why it’s great: Micronotes’s Cross-Sell helps financial institutions radically improve the productivity of cross-selling online to increase revenue.

Persint: Provides consumer analytics, leveraging account aggregation and peer data to answer every household’s financial questions of “where do we stand?” and “what next?”

Features:

120 demographic peers from 5-click survey
Scoring of net worth, cash flow and risk
Opportunity identification & solution mapping

Why it’s great: Persint’s integration of peer data allows PFM to deliver objective conclusions on performance and credible advice on next steps.

Prestadero: The first, fully operational, peer to peer lending platform for the Mexican market.

Feature:

Prestadero is upending traditional savings and loan operations in Mexico, offering loan rates and fixed income returns never before seen in our market.

Why it’s great: Mexico has some of the largest financial spreads in the world. Why? Nobody knows. Prestadero is here to change that.

TSYS: By putting people at the center of every decision we make, TSYS is able to support financial institutions, businesses, and governments in more than 80 countries.

Features:

Remotely control how, when, by whom, and where money is used.
Real-time remote monitoring transactions
Increased risk mitigation

Why it’s great: TSYS is bringing its industry expertise to the exciting and fast-paced area of payments and mobile to show a completely different experience from the end-user perspective.

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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit out FinovateSpring page here.

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