FinovateFall 2014 Archives - Page 4 of 8

Vantiv’s Platform Gives Developers a Single, Simplified Integration

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Vantiv

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

Vantiv launched TriPOS, a payment integration platform:

“Introducing the next generation of simple and secure payment integration platform solutions. The PA-DSS validated application provides software developers with a single, simplified integration.

Compatible with a wide range of hardware devices, connects to all authorization providers, supports a comprehensive suite of transaction protocols (including EMV), and removes the business software application from PCI scope.”

Presenting: Coy Christensen, VP Product Management and Jesse Kunicki, Development Manager

Product Launch: 2014

Metrics: Public Company as of March 2012 (NYSE:VNTV), 3,300 Employees, 2013

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Cincinnati, OH

Founded: 40 Years of Payment Processing Innovation; became a Public Company in March 2012

Performance: $1.17B Net Revenue and third largest merchant transaction acquirer in the USA

Website: vantiv.com

Twitter: @Vantiv

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Sender and Privatbank Launch Sender.mobi to Bring Direct Chat Messaging to FIs

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

Our next presenters are Sender and Privatbank who have teamed up to launch Sender.mobi.

“People communicate with each other via chats with similar interfaces. Businesses communicate with people via Apps with various unique interfaces and UX.

Sender:

Creates 2-way communication between businesses and customers like in usual chat environments

Enables a friendly and familiar interface for customers

Provides the possibility for businesses to create business processes without developers or endless software/Apps updating, reducing App development work by 80%

Sender is like Google’s Search Bar with endless possibilities. It is the first messenger for businesses enabling direct chat communication with customers. Instead of tons of applications, use Sender – the last and only App.”

Presenting: Egor Avetisov (Creative Director), Maria Gurina (Deputy Head of E-Commerce), and Kristina Chaykovskaya (Head of E-Commerce)

Product Launch: September 2014 at FinovateFall

Metrics: $1M in angel investments, 5 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms

HQ: Wilmington, DE

Founded: November 2013

Website: sender.mobi

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Kabbage Launched Karrot, a Consumer Marketplace Lending Product

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Kabbage

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

Kabbage launched Karrot.com:

“Kabbage is launching the only fully automated consumer marketplace lending product in the industry to complement its leading position in SMB lending.”

Presenting: Rob Frohwein, CEO & Co-Founder and Kathryn Petralia, COO & Co-Founder

Product Launch: September 2014

Metrics: $106M in equity

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), technology licensing and services

HQ: Atlanta, GA

Founded: February 2009

Website: kabbage.com

Twitter: @kabbageinc

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BlueVine Helps Companies with Lumpy Cash Flow

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: BlueVine, FinovateFall 2014

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

BlueVine showed how it can provide funds for small businesses quickly to solve cash flow issues:

“BlueVine gives small businesses an advance on their invoices that they can use to cover expenses or grow their business. We integrate with the most popular cloud accounting software so SMBs can request funds with a click of a button. There is no cost to sign up, no minimum volume requirements, and no termination fees. We offer businesses both discretion over their customer relationships, and control over their financing needs.

BlueVine works with B2B companies with invoice terms of 15 to 90 days and funds invoices with a face value of $500 or more. Customer credit lines typically start between $5,000 and $15,000 and can go up $50,000. Funds can be available as fast as 24 hours, and sooner for returning customers.”

Presenting: Eyal Lifshitz, CEO and Edward Castaño, VP Operations

Product Launch: March 2014

Metrics: $5.5M raised, 15 employees

Product distribution strategy: Direct to Business (B2B)

HQ: Palo Alto, CA

Founded: July 2013

Website: bluevine.com

Twitter: @BlueVineCapital

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Finovera’s Bill Management Platform Serves as a Financial Hub for Customers

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: FinovateFall 2014, Finovera

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

Finovera shows off how its platform can serve as a financial hub for customers:

“Imagine Bill Management the way you have always dreamed it could be: simple, attractive, convenient, and mobile. Imagine all your bills automatically delivered to you every month in a neatly organized Inbox on your bank site so you can pay them with the click of a button effortlessly from your checking account or on the biller site with a credit card.

Now if you are a banker, imagine being able to transform your bank site into a customer’s Financial Hub that lowers attrition, increases revenue, and reduces cost.”

Presenting: Purna Pareek, CEO and Amanda Zepeda, Marketing Manager

Product Launch: September 2014

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Milpitas, CA

Founded: April 2012

Website: finovera.com

Twitter: @finovera

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EverSafe Helps Protect Seniors Against Financial Abuse

By David Penn Posted on September 23, 2014
Categories: EverSafe, FinovateFall 2014

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

Our next presenter is EverSafe, demoing the first technology-based solution to address the challenge of financial abuse of older Americans.

“EverSafe applies technology to combat elder financial exploitation. The service reviews the senior’s financial transactions and credit report activity daily and if suspicious activity is detected, an alert is sent immediately. EverSafe’s sophisticated software employs a set of rules developed specifically for seniors to comb every transaction looking for abnormalities, including unexpected patterns in spending, deposits, and withdrawals. If suspicious activity is confirmed, the resolution process begins. EverSafe tracks the remediation plan and sends follow ups to help curtail further financial exposure.”

Presenting: Howard Tischler (CEO & Founder) & Elizabeth Loewy (SVP Industry Relations & General Counsel)

Product Launch: Spring 2014 (soft launch)

Metrics: $1.5M raised, 7 employees

Product distribution strategy: Direct to Consumer (B2C), through financial institutions

HQ: Columbia, MD

Founded: January 2012

Website: eversafe.com

Twitter: @EverSafeSeniors

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SelfScore’s Consumer Analytics Solution Introduces “Scoring as a Service”

By David Penn Posted on September 23, 2014
Categories: FinovateFall 2014, SelfScore

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

Our next presenter is SelfScore, with its “scoring as a service” and “data as a service” approach to measuring consumers in better ways using more information.

“SelfScore.com is a consumer analytics service that uses a proprietary algorithm to combine online profiles, phone, and sensor data, psychometric questions, and 360 degree feedback from one’s network to provide insights to users and contextual information to businesses. We believe that with new advances in the social web and smartphones, it is now possible to attain a complete, timely and accurate picture of consumer behavior that benefits both consumers and businesses.”

Presenting: Kalpesh Kapadia (CEO & Co-Founder)

Product Launch: September 2014

Metrics: Privately funded just under $1M with a team of 8 experts, each with 10-20 years of industry experience ranging from financial services (VISA, Capital One) to tech giants (Amazon, Microsoft, VMware, Google, LinkedIn) to US military (US Cyber Command) and government (US Treasury, Consumer Finance Protection Board) to academia (Stanford and CMU PhD data scientists), currently have a working product undergoing a private beta

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Palo Alto, CA

Founded: January 2012

Website: selfscore.com

Twitter: @selfscore

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Toopher Broadens its Authentication Suite with Access, Touch, and Halo

By David Penn Posted on September 23, 2014
Categories: FinovateFall 2014, Toopher

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

Our next presenter is Toopher, demoing its authentication solution that pairs enterprise class security with the location awareness of mobile devices.

“Toopher Access will allow clients to provide their customers with invisible authentication for logins and critical actions. Toopher Touch incorporates biometrics into the authentication process and Toopher Halo offers seamless deauthentication based on powerful geofencing technology. When the user leaves a specified geofence, Tooper will log them out automatically, ensuring full session security.”

Presenting: Josh Alexander (CEO & Co-Founder) & Evan Grim (CTO & Founder)

Product Launch: Q1 2015

Metrics: 20 employees

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Austin, TX

Founded: September 2011

Website: toopher.com

Twitter: @toopher

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Six Trees Capital Introduces its Cash Management Solution, MaxMyInterest

By David Penn Posted on September 23, 2014
Categories: FinovateFall 2014, MaxMyInterest

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

Making its way to the stage next is Six Trees Capital introducing MaxMyInterest, a way of helping investors dynamically allocate their cash in an optimal manner to maximize returns on cash and FDIC insurance.

“MaxMyInterest is a new automated cash management solution that helps depositors earn more on their cash balances via their existing checking account and online savings accounts. Max’s patent-pending technology platform uses proprietary algorithms to help ensure cash is dynamics allocated to the member’s banks offering the best interest rates at any given point in time. Max also helps keep cash below the FDIC limits at each bank. Max includes other powerful cash management tools, including monthly cash sweep and Intelligent Funds Transfer (SM) technology, which makes managing a portfolio of online bank accounts as simple as ‘checking’ and ‘savings’.”

Presenting: Gary Zimmerman (CEO & Founder) & Richard Wu (Director, Engineering)

Product Launch: April 2014

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, licensed

HQ: New York, NY

Founded: July 2013

Website: maxmyinterest.com

Twitter: @maxmyinterest

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Business Centric Services Group’s Modular Approach Gives Clients Flexibility

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: Business Centric Services Groups, FinovateFall 2014

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

Business Centric Services Group (BSCG) demonstrated how its EE Business apps allow for customizable solutions for individual clients:

“Winning and working on a deal with the UK’s largest Telco has recently demonstrated how we have created a cutting edge platform that allows banks and Telcos to offer value added services to their small businesses.

The modular approach taken creates a competitive advantage for us. It means that clients can pick and choose from a menu of features to decide which modules they want to have, making the platform completely ‘tailorable’ for individual clients. The platform also offers further flexibility and customization that many businesses are looking for.”

Presenting: John Davis, Managing Director and Andrew Garney, Commercial Manager

Product Launch: June 2014

Metrics: Our business app market now reaches over 4M small businesses worldwide; hundreds of thousands of SMBs have subscribed to our platforms. The company has quickly grown from 10 employees to 110, with 30% of this staff growth coming in the past 12 months. Our revenue has shown a 56% increase from 2012 to 2013 and a further 40% in 2014.

Product distribution strategy: Through financial institutions, through other fintech companies and platforms

HQ: London, UK

Founded: April 2008

Website: bcsg.com

Twitter: @BCSGcloud

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With the mCASH Network, Customers Use Their Phone Number to Pay

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: FinovateFall 2014, mCASH

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

mCASH debuted its mobile transaction network:

“We offer real-time, person-to-person transactions with your mobile phone number as the destination address and a funding source of your choice. You can charge your bank account, debit or credit card, pre-paid balance, or a line of credit. Furthermore, mCASH enables merchants to accept payments in any channel using the hardware they already have, including mobile merchants using a smartphone.

The underlying payments engine, running on Google App Engine, is the core of mCASH. The payments engine handles several thousand transactions per minute, advanced fraud and AML prevention, complex transaction processing, and ensures API based secure and real-time communication between FIs, off and online merchants, and end users.”

Presenting: Daniel Døderlein, CEO & Founder and Anders Nicolai Bakke, COO

Product Launch: March 2014

Metrics: Operating under a EU E-money license, $9.5M in funding (seed/series A), 25 employees, several high profile customers and partners

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Oslo, Norway

Founded: January 2010

Website: mca.sh

Twitter: @PaywithmCASH

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TickSmith Seeks to Disrupt Financial Data Management Using Big Data Platforms

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: FinovateFall 2014, TickSmith

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

TickSmith debuted TickVault and FIXVault:

“TickSmith is presenting its TickVault and FIXVault financial big data platforms. TickSmith’s platforms provide specific solutions to participants in the brokerage and trading ecosystem, from exchanges to financial institutions, vendors, and regulators. Offered as cloud services and managed platforms, these solutions are disrupting financial data management practices and providing new opportunities to exploit financial data.

TickSmith’s customers and partners use these platforms as data distribution portals, add ons to trading networks, management and analytics tools, and in compliance applications.”

Presenting: Francis Wenzel, CEO and David Côté, CIO

Product Launch: August 2013

Metrics: Over a Petabyte of financial data under management

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Montreal, Quebec, Canada

Founded: November 2012

Website: ticksmith.com

Twitter: @TickSmith

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