FinovateFall 2014

Thinknum’s Collaboration Tools Help Analysts Build Better Financial Models

Thinknum’s Collaboration Tools Help Analysts Build Better Financial Models
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Thinknum
This post is part of our live coverage of FinovateFall 2014.
ThinknumLogo

Thinknum showed how it helps financial analysts build better financial models:

“There are many financial technology corporations that specialize in writing data to users. However, as financial analysts, we saw firsthand how there is no software to manage and leverage the content we created. So we built Thinknum, enabling analysts to take advantage of collaboration tools and cloud computing to build better financial models.”
Presenting: Justin Zhen, Co-Founder
ThinknumHomepage
Product Launch: December 2013
Metrics: $1M raised, 3,500 analysts on the platform
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: New York, NY
Founded: December 2013
Website: thinknum.com 
Twitter: @thinknum

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Knox Payments Leverages ACH to Deliver Cost-Effective, Speedy Online Transactions

Knox Payments Leverages ACH to Deliver Cost-Effective, Speedy Online Transactions
By David Penn Posted on
Categories: FinovateFall 2014, Knox
KnoxPaymentsLogo_FF2014

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

Knox Payments is our next presenting company. Knox leverages the ACH network to facilitate transactions online.

“Knox Payments facilitates payments for merchants online, allowing them to transact with their customers/users, who never have to create accounts or enter their bank routing and account numbers, let alone input their address and other information when transacting online. End users simply log in to their online banking to make a payment, and we instantly verify their account, all for just $0.18/transaction (paid by the merchant). Knox means less cart abandonment, more security, and increased conversion. all while saving on payment processing fees.”
Presenting: Thomas Nicholas, President & Co-Founder
KnoxPaymentsHomepage_LiveBlog
Product Launch: February 2014
Metrics: Raised $1,555,000 to date; 25 employees (13 in United States and 12 in India); 70 customers (and adding more each day)
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Richmond, VA
Founded: February 2014
Twitter: @KnoxPayments

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Rippleshot Demoes its Cloud-Based Technology to Detect Bank Card Data Breaches

Rippleshot Demoes its Cloud-Based Technology to Detect Bank Card Data Breaches
By David Penn Posted on
Categories: FinovateFall 2014, Rippleshot
RippleshotLogo_FF2014

This post is part of our live coverage of FinovateFall 2014

Next to the stage is anti-fraud innovator, Rippleshot.

“Rippleshot’s sophisticated web user interface allows card issuers to spot breaches early, view trends in compromised card spends, efficiently reissue compromised cards, and deploy real-time declines rules to stem the losses in the meantime. The merchant portal gives ADT-like alerts so merchants can stop their breach sooner and have time to prepare their response to the public.”
Presenting: Randal Cox (Chief Scientist & Co-Founder) & Lucas Ward (CTO & Co-Founder)
RippleShotHomepage_FF2014
Product Launch: April 2014
Metrics: $800,000 raised, 10 employees; $500,000 revenues
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other FinTech companies and platforms, licensed
HQ: Chicago, IL
Founded: June 2013
Twitter: @Rippleshot

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Behalf Unveils its Proprietary Credit Scoring Solution for Small Business

Behalf Unveils its Proprietary Credit Scoring Solution for Small Business
By David Penn Posted on
Categories: Behalf, FinovateFall 2014
BehalfLogo_FF2014

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

Making its way to the stage next is the team from Behalf to demo its Vendor Platform.

“We are showing the value of our platform to vendors through a simple demonstration of how easy it is for a vendor to pre approve his customers, onboard them, and offer them the Zazma credit line they need.”
Presenting: Benjy Feinberg (CEO) and Andrew Abshere (Director, Product)
BehalfHomepage_FF2014
Product Launch: August 2014
Metrics: $10M, 25 employees
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY
Founded: 2011
Website: behalf.com

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WingCash’s Electronic Wallet Combines Payments and Promotions with Digital Currency

WingCash’s Electronic Wallet Combines Payments and Promotions with Digital Currency
By David Penn Posted on
Categories: FinovateFall 2014, WingCash
WingCashLogo_FF2014

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

As we near the midpoint of our second session this morning, our next presenter is WingCash. WingCash provides an innovative system of electronic wallets that combine payments and promotions with digital currency.

“WingCash will demonstrate how to use a cloud-based, smart wallet to 1) make purchases using any internet enabled device while at retail locations using US currency, eGift, ePromo, and eRewards cash, and 2) send and receive US currency, eGift, ePromo, and eRewards cash to family or friends.”
Presenting: Bradley Wilkes (CEO & President), Steve Curtis (VP & Director, Sales), and Vilash Poovala (CTO)
WingCashHomepage_LiveBlog
Product Launch: December 2010 – US Currency, July 2013 – Branded Cash
Metrics: Privately funded, 10K+ wallets
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Lehi, UT
Founded: November 2009
Website: wingcash.com
Twitter: @wingcash

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Larky’s Web+Mobile Loyalty Platform Helps Financial Institutions Drive Non-Fee Income and Increase Wallet Share

Larky’s Web+Mobile Loyalty Platform Helps Financial Institutions Drive Non-Fee Income and Increase Wallet Share
By David Penn Posted on
Categories: FinovateFall 2014, Larky
LarkyLogo_FF2014

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

Larky is next, demoing its unique web+mobile platform that helps financial institutions boost loyalty, reduce churn, drive non-fee income, increase wallet share and support local businesses.

“Our turnkey system sends users location-based and FI-branded smartphone alerts when they are physically near a merchant discount. Users save $1,000 or more every year, with no behavioral changes. Larky helps you deliver significant added value to your audience so they never again wonder if they should be banking somewhere else. Top of wallet, top of mind.
We are unveiling our new Android app along with our new white-label mobile and web option.
Presenting: Andrew Bank (Co-Founder) & Gregg Hammerman (Co-Founder)
LarkyHomepage_LiveBlog
Product Launch: June 2013
Metrics: $2.3M; 12 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Ann Arbor, MI
Founded: January 2012
Website: larky.com
Twitter: @getlarky

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Hoyos Labs Introduces the Mobile App for its Identity Assertion Platform

Hoyos Labs Introduces the Mobile App for its Identity Assertion Platform
By David Penn Posted on
Categories: FinovateFall 2014, Hoyos Labs
HoyosLabsLogo_FF2014

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

Our next presenter is Hoyos Labs, demoing the Mobile App of the HoyosID Identity Assertion Platform.

“Our mobile app is finally putting an end to the frustration that comes with usernames, passwords, and PINs. This app leverages a user’s smartphone to acquire his or her biometrics, which conveniently and securely replaces log-in information for all their favorite websites.”
Presenting: Hector Hoyos (Founder, Chairman & CEO)
HoyosLabsHomepage_LiveBlog
Product Launch: October 2014
Metrics: 102 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: New York, NY
Founded: December 2013
Website: hoyoslabs.com
Twitter: @hoyoslabs

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Cachet Financial Solutions Debuts Select MobileMoney

Cachet Financial Solutions Debuts Select MobileMoney
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cachet Financial Solutions, FinovateFall 2014
CachetFSlogo

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

Cachet Financial Solutions demonstrated how financial institutions can offer their prepaid cardholders a mobile app:
“Cachet’s Select MobileMoney enables financial institutions to offer their prepaid cardholders a full suite of financial services in one easy-to-use mobile application. Expedited bill pay, remittance, card to card transfer, mobile deposit and other key financial services are available to the prepaid cardholder anywhere and anytime, eliminating the inconvenience and cost of accessing multiple providers for everyday financial services. 
A key differentiator, Select MobileMoney’s powerful backend analytic tools enable prepaid card providers to monitor mobile app usage, segment cardholders based on behavior and keep them engaged by sending push notifications with relevant marketing offers linked to their behavior.”
Presenting: Youri Bebic, SVP Mobile Innovations and Kimberly Timmons, Relationship Manager
CachetFSHomepage
Product Launch: October 2013
Metrics: More than $35M raised since inception, 58 employees, went Public in July 2014 
Product distribution strategy: Through financial institutions, through other fintech companies and platforms
HQ: Minneapolis, MN
Founded: 2010
Twitter: @CachetFinancial

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Yodlee Launches Solution to Help FIs Take Advantage of APIs

Yodlee Launches Solution to Help FIs Take Advantage of APIs
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Yodlee
This post is part of our live coverage of FinovateFall 2014.
YodleeLogo

Yodlee launched APInnovation:

“Application Programming Interfaces (APIs) are the rage, but if you’re a financial institution – or a company with complicated systems and data connections – then taking advantage of APIs can be daunting or even impossible. Yodlee is changing that with a single API and customized developer portal, built for each customer, and exposable to developers in a secure and compliant way. 
With the data, the API, and the tools to build and create, financial institutions are free to innovate with speed and agility. For example, enabling consumers to “invest their change” in stocks – a cool new idea, and a big win for institutions AND consumers.”
Presenting: John Bird, Product Marketing, Yodlee; Jon Petz, Product Evangelist, Yodlee; and Avi Lele, CEO, Stockpile
YodleeHomepage
Product Launch: September 2014
Metrics: Yodlee is a global financial technology leader with 750+ customers, 64 US patents, millions of users, and more than 900 employees worldwide. From leading financial institutions to Fortune 500 Internet companies to the coolest startups, Yodlee powers the services shaping today’s digital customer experiences.
Product distribution strategy: Direct to Business (B2B)
HQ: Redwood City, CA
Founded: February 1999
Website: yodlee.com
Twitter: @Yodlee

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Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data

Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data
By David Penn Posted on
Categories: Ayasdi, FinovateFall 2014
AyasdiLogo_FF2014

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

Coming to the stage next is the team from Ayasdi, demoing Ayasdi Finance.

“Ayasdi’s finance application will allow capital markets businesses to automatically identify persistent relationships between market conditions and client trading-behaviors and to generate alerts based on this dynamic information. In addition, this application will be able to utilize Ayasdi’s novel mathematical framework to predict model failure and systematically update the model in states where it fails.
This application will leverage Ayasdi’s powerful platform which integrates machine learning algorithms within a topological framework. This platform gives the application its ability to generate results that take several types of data into account including, but not limited to, social data, numeric data, and the macro economy.”
Presenting: Michael Woods (Principal Data Strategist) & Max Song (Data Scientist)
AyasdiHomepage_LiveBlog
Product Launch: October 2014
Product distribution strategy: Direct to Business (B2B), Licensed
HQ: Menlo Park, CA
Founded: June 2008
Website: ayasdi.com
Twitter: @Ayasdi

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BioCatch’s Behavioral Biometrics Uses Its Invisible Challenges Mechanism to Determine User Behavior

BioCatch’s Behavioral Biometrics Uses Its Invisible Challenges Mechanism to Determine User Behavior
By Julie Muhn (@julieschicktanz) Posted on
Categories: BioCatch, FinovateFall 2014
biocatch_logo

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

BioCatch showed off its behavioral biometrics technology:
“BioCatch is a cognitive behavioral biometrics technology that tracks how users interact with web and mobile applications. At the core of the technology lies a unique, patent-pending Invisible Challenges mechanism. This mechanism is responsible for the interaction of the user with the application. 
Whenever a user interacts with an application, a subtle dynamic cognitive challenge is injected, and the user responds without being aware to the fact it was there.”
Presenting: Uri Rivner, Co-Founder & VP, Business Development & Cyber Strategy
BioCatchHomepage2
Product Launch: April 2013
Metrics: $10M raised, 25 employees
Product distribution strategy: Direct to Business (B2B), through partners
HQ: Lod, Israel
Founded: April 2011
Website: biocatch.com
Twitter: @biocatch1

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Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce

Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce
By David Penn Posted on
Categories: CrowdFlower, FinovateFall 2014
CrowdFlowerLogo_FF2014

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

Our next presenter is CrowdFlower, demoing its data enrichment platform for data scientists.

Financial statements are notoriously difficult to decipher. CrowdFlower puts an end to messy and incomplete financial services data that contributes to a poor customer experience. We are demonstrating how CrowdFlower can quickly and easily collect, clean, and label financial transaction data, from an online, on-demand workforce of over 5M contributors to help businesses provide a superior customer experience.
Presenting: Tatiana Josephy (VP Product) & Seth Teicher (Head of Content & Business Development)
CrowdflowerHomepage_LiveBlog
Product Launch: 2009
Metrics: 80+ employees, 5M contributors, 1.5B judgments completed, 7 years of work is completed in one day on the platform.
Product distribution strategy: Direct to Business (B2B), licensed
HQ: San Francisco, CA
Founded: 2009
Twitter: @CrowdFlower

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