PaySwag Launches Payment Collection App for the Underbanked

This post is part of our live coverage of FinovateFall 2015.

PaySwagLogoPaySwag will tell us about the launch of its simple payment-collection app:

PaySwags payment, rewards, education, and feedback engine offers a gamified mobile experience for improving the financial lives of the underbanked. The mobile app simplifies the collection of payments, fees, and fines with cash or cards. Customers are rewarded for paying on time, completing financial and life skills education, and maintaining communication.

Never before has this demographic been incentivized with Amazon gift cards, Redbox rentals, or Starbucks lattes just for keeping a payment plan. The robust administrative back-end also provides advanced workflow, security, integration, and analytics capabilities.

Presenters: PaySwag’s CEO Max Haynes and CTO Mark Miller

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Product launch: September 2015
Metrics: $500,000 privately funded to date; 8 employees
Product distribution strategy: Direct to business (B2B); through financial institutions; through other fintech companies and platforms; licensed

HQ: Reno, Nevada
Founded: October 2014
Website: payswag.com

Hedgeable Presents NEXT: The First Private Banking Platform for Millennials

HedgeableThis post is part of our live coverage of FinovateFall 2015.

The final session of the day is about to begin. Starting us off is Hedgeable presenting NEXT:

Hedgeable NEXT is our intermediary platform for RIAs, CFPs, banks, broker/dealers, credit unions, foreign financial institutions and more to access the power of Hedgeable for their clients.

Hedgeable offers an ultra-high net worth wealth-management platform with zero minimum, making it accessible to 2.5 billion millennials worldwide. The platform can be integrated with intermediaries with the click of a button, free of charge. Clients get access to risk-managed portfolios for any account type, socially responsible investing, alternative asset classes, and a member-benefit rewards-program built into the platform.

Presenter: Michael Kane, co-founder and master sensei, and Matthew Kane, co-founder and chief ninja

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Product launch: September 2015
Product distribution strategy: Through financial institutions

HQ: New York City, New York
Founded: April 2009
Website: hedgeable.com
Twitter: @hedgeable

Quisk Launches Digital Services Platform

This post is part of our live coverage of FinovateFall 2015.

QuiskLogoQuisk debuted its digital services platform:

Quisk is demonstrating several consumer transactions, including person-to-merchant (P2M), person-to-person (P2P), and more, powered by its patented cloud-based digital services platform. Quisk works with banks to integrate its platform to back-end core banking platforms and offers an API for third-party developers.

Unlike current mobile-network 0perator-led mobile money initiatives, Quisk is the next generation of mobile money: bank-led, interoperable, and for a wider range of transactions. For consumers: Quisk is your money from your bank, but without the cash, without the cards, and without the wallet.

Presenters from left: CTO Praveen Amancherla and Dan Glessner, chief marketing officer

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Product launch: September 2015
Metrics: $20 million+ raised; revenue in second half of 2015; active projects in two countries in the Caribbean and Middle East; ~30 employees (tech- and payments-industry veterans)
Product distribution strategy: Direct to business (B2B); through financial institutions

HQ: Sunnyvale, California
Founded: January 2010
Website: quisk.co
Twitter: @quiskpay

ThetaRay Presents its Fraud and Credit Risk, Big Data Analytics Program

ThetaRayThis post is part of our live coverage of FinovateFall 2015.

Our next demonstration is from ThetaRay.

Unmatched, anomaly-detection rates delivering usable indicators to increase efficiency and accuracy; industry-low false-positive rates allowing organizations to focus their experts on the events that count; rule-free, unsupervised, non-heuristic protection against next-generation attacks and predicting the unexpected; math-based, big-data analytics ensuring organizations achieve quantitative results they can trust; automatic, real-time detection to instantly transform data into business insights; easy and fast deployment that is always up-to-date, retaining the relevance and competitive advantage of organizations’ data.

Presenter: ThetaRay’s VP of Product, Udi Solomon

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Product launch: April 2015

Metrics: $10 million raised Round A funding, August 2014; 28 employees
Product distribution strategy: B2B, via financial institutions and other fintech companies

HQ: Israel and United States
Founded: April 2013
Website: thetaray.com
Twitter: @ThetaRayTeam

LiftForward Debuts Technology-as-a-Service Marketplace-loan Platform

This post is part of our live coverage of FinovateFall 2015.

LiftForwardLogoThen, LiftForward debuted TaaSLift, a Technology-as-a-Service Marketplace-loan Platform:

LiftForward’s marketplace-loan platform is the basis for the launch of its new Technology-as-a-Service platform, TaaSLift, for corporations, manufacturers, suppliers and retailers. TaaSLift provides a plug-and-play method for businesses to offer their small business product as a service.

This month, Microsoft launched its first TaaSLift program, providing members with software, support and a new Surface Pro III every 12, 24, or 36 months. By replacing expensive, one-time purchases with affordable subscriptions, TaaSLift helps companies increase sales while strengthening customer relationships.

Presenters: LiftForward CEO Jeffrey Rogers and CTO Michael Grassotti

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Product launch: July 2015
Metrics: LiftForward capitalization: $2.3 million, Series A, August 2014; $2 million debt financing, August 2014; $7 million debt financing, March 2015; $250 million debt financing, July 2015; 10 employees
Product distribution strategy: Direct to business (B2B); through financial institutions; through other fintech companies and platforms

HQ: New York City, New York
Founded: September 2013
Website: liftforward.com
Twitter: @LiftForward

Tranwall Presents Transaction Control for Business Technology

TranwallThis post is part of our live coverage of FinovateFall 2015.

Next up is the team from Tranwall.

The patented Tranwall system offers card-holders and -issuers the ability to control the status of debit and credit cards in real time. Tranwall also offers second-factor authentication on internet banking services using any mobile phone. The Tranwall system offers fine-grained control, at transaction level, over the approval of card transactions. The Tranwall platform is customizable, allowing for a variety of permissions to be defined and implemented.

Presenters: Gerard van de Par, director, sales, and Diederik Bruggink, payment expert

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Product launch: April 2015

Metrics: 5 employees; 3 paying customers (2 banks, 1 fuel card)
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms; licensed

HQ: Amsterdam, Netherlands; Johannesburg, South Africa
Founded: February 2015
Website: tranwall.com

Novabase Launches MyWizzio, a Unique Smart Machine for Financial Advisers

NovabaseThis post is part of our live coverage of FinovateFall 2015.

The team from Novabase is up next.

MyWizzio, powered by IBM Watson, is a smart machine for financial advisers that provides a unique approach to drive sales and productivity. Built as an intelligent ecosystem of apps designed to leverage your existing tools and third parties, the solution adapts around each user’s context, using cognitive computing to achieve a higher level of performance when managing research, relationships, and sales. MyWizzio extends this tailored experience to the end-clients, creating a more holistic landscape with the right mix of self-service and direct-to-adviser engagement.

Presenters, left to right: Pedro Gaspar, director of innovation; Jay Wong, senior business developer

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Product launch: MyWizzio is launching September 2015 at FinovateFall
Product distribution strategy: Direct to business (B2B)

HQ: Lisbon, Portugal
Founded: 1989
Website: wizzio.novabase.pt
Twitter: @wizzio_Novabase

LiquidLandscape Debuts Notebook, a Risk-visualization Workspace

This post is part of our live coverage of FinovateFall 2015.

LiquidLandscapeLogoNext, LiquidLandscape debuted Notebook, its risk-visualization workspace:

LiquidLandscape Notebook is a collaborative, risk-visualization and -exploration workspace. Problem identified, problem communicated, problem solved.

Presenters from left: Co-founders David Lin, CTO, and CEO Margit Zwemer

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Product launch: June 2015
Metrics: Barclays/Techstars Accelerator, London
Product distribution strategy: Direct to business (B2B)

HQ: San Francisco, California
Founded: July 2013
Website: getliquidlandscape.com
Twitter: @lqdlandscape

Lexmark Enhances Mobile Onboarding Platform With Natural Language Interaction

This post is part of our live coverage of FinovateFall 2015.

LexmarkLogoThen, Lexmark showed off upgrades to its Mobile Onboarding Platform:

Lexmark is demonstrating a significant customer enhancement to its Mobile Onboarding Platform: a frictionless mobile onboarding process driven by interactive and instructive, natural voice recognition along with a virtual collaboration session to e-sign the application in real time.

The demonstration guides the customer along the new account-application process with instructions and guidance in natural language trained for this specific purpose. The applicant can interact with the platform in plain English to correct data extracted from their driver’s license, advance to the next step, initiate a same-session video-chat to collaboratively e-sign the new account application in real time, and finally to submit the completed application.

Presenters: Darren Collins, global director, financial services and insurance; Chris Edington, senior marketing manager, industry solutions

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Metrics: Sells products in more than 170 countries; 12,700 employees; NYSE: LXK; $3.7 billion in revenue (2014)
Product distribution strategy: Direct to business (B2B)

HQ: Lexington, Kentucky
Founded: January 1991
Website: lexmark.com
Twitter: @lexmark

Encap’s Omnichannel Enablement Platform Offers a Consistent, Secure UX Across Channels

EncapSecurityLogoThis post is part of our live coverage of FinovateFall 2015.

Next, Encap Security debuted its Omnichannel Enablement Platform:

Encap’s Omnichannel Enablement Platform enables financial services companies to unite their previously separate transaction channels to create a clean, consistent, and safe method of access for their customers at any point. The result is increased satisfaction, reduced confusion, and an improved user experience whereby customers always know what to expect and when to expect it. Omnichannel to Encap means truly uniting all channels for customers: telephone, card, ATM, in-branch, online/mobile or anything else. This combination of unity and security allows for the delivery of enhanced products and services, improved revenue, and dramatically reduced costs.

Presenter: Adam Dolby, VP, business development

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Product launch: 2014
Metrics: $8.3 million raised; 15 employees
Product distribution strategy: Through financial institutions; through other fintech companies and platforms

HQ: Palo Alto, California; Oslo, Norway
Founded: 2007
Website: encapsecurity.com
Twitter: @encapsecurity

RMS Presents Yap to Help FIs Generate Quality Leads

RMSThis post is part of our live coverage of FinovateFall 2015.

Helping get our second session of the day started is the team from RMS.

YAP is a referral solution that is making it fast and easy for financial institutions to engage and reward account holders by generating highly qualified leads, enhancing account holder loyalty, and boosting brand awareness while saving financial institutions up to 35% of the cost of general acquisition marketing costs.

Presenters: Baron Unbehagen, CEO, and Matt Domanico, SVP, marketing

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Product launch: October 2014

Metrics: RMS is privately owned and presently employs 21 full-time employees; the company services the efforts of more than 100 financial institutions to acquire new accounts across multiple product lines annually.
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms; licensed

HQ: Grapevine, Texas
Founded: January 1976
Website: goRMS.com

Fiserv Combines Wearables and iBeacons for ATM Withdraws

This post is part of our live coverage of FinovateFall 2015.

FiservLogoNext, Fiserv showed how users can withdraw cash from an ATM using wearables and iBeacons:

Fiserv understands that consumers are increasingly demanding more impactful banking experiences from their financial institutions. Built on Fiserv’s globally proven Mobiliti™ platform, this demonstration shows how a consumer can withdraw cash from an ATM without a card by using banking dependent upon wearables and location services with iBeacons/Bluetooth low-energy. This new innovation delivers a rich and compelling banking experience that brings digital and offline together.

Presenters: Andrew Barnett, principal technical sales consultant; David Carr, innovation manager

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Product launch: September 2015
Metrics: $5.1 billion revenue in 2014; publicly traded; 21,000 associates worldwide; 13,000 financial institutions and business clients worldwide
Product distribution strategy: Through financial institutions

HQ: Brookfield, Wisconsin
Founded: July 1984
Website: fiserv.com
Twitter: @Fiserv