Finanteq Presents its SuperWallet with mCommerce Cloud

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

Our final demonstration of the session features the team from Finanteq.

Superwallets are the next generation of mobile banking solutions, combining three important parts—banking, payments, and m-commerce—all in a single mobile app. FINANTEQ extends mobile banking with m-commerce platforms and services like bus tickets, parking feeds, everyday grocery shopping, bill payments, take-out food, coupons, offers, event tickets, flower post, hotel booking, taxis, trains, flights and many others, combined with banking and payments in one unified UX across all services.

Presenters: Artur Malek, marketing mgr.; Tomasz Perski, mCommerce operations mgr.; Kate Miroslaw, customer adviser

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Product launch: 2014

Metrics: Company employs 100 professionals in Poland and the United States
Product distribution strategy: Direct to business (B2B)

HQ: Lublin, Poland
Founded: September 2014 (spinoff from eLeader)
Website: finanteq.com
Twitter: @finanteq

Eco-Mail Transforms Physical Mail into a Secure Digital Exchange System

Eco-MailThis post is part of our live coverage of FinovateFall 2015.

Making their way to the stage is the team from Eco-Mail.

Our exchange platform has two products: EMX Enterprise helps large businesses transform and distribute their physical mail in digital form. The Eco-Mail solution eliminates physical mail infrastructure, thereby driving tremendous savings and making your organization more digital, efficient, accountable, and customer-responsive.

EMX Consumer efficiently delivers compelling personalized content to destinations consumer already know, use, and trust. Eco-Mail’s revolutionary solution doesn’t disrupt existing consumer relationships: We enhance them for mailers, distributors, consumers, and payment processors.

Presenters: Jay Maller, CEO and founder; Chief Revenue Officer Roy Spinelli

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Product launch: September 2015

Metrics: $1.6 million raised to date; 12 employees
Product distribution strategy: Direct to business (B2B); through financial institutions

HQ: Mt. Kisco, New York
Founded: 2012
Website: eco-mail.com
Twitter: @eco-mail

D3 Banking Launches Small-business Banking Solution

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

D3BankingLogoD3 Banking launched its Small Business Banking solution:

D3 Small Business Banking allows FIs to provide business owners access to the basic financial tools from any digital device. Using transactional analysis, D3 Small Business Banking automatically generates pre-formatted cash flow and income statements, provides budgets based on either a three-month average by category and/or manually inputted data from the end user, and creates reports that provide current and time-over-time analysis of both expense and income categories. In addition, D3 Small Business Banking includes a robust user management and dual approval system with alerting capabilities that work with any digital device, including wearables such as the Apple Watch.

Presenters: CMO Michael Carter and Andy Holdt, director, sales support

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Product launch: September 2015
Metrics: D3 Banking has 67 employees; more than 250,000 FI customers use D3’s legacy products; by 2016, a projected one-million+ users will be on its data-driven digital banking platform.
Product distribution strategy: Direct to business (B2B)

HQ: Omaha, Nebraska
Founded: October 1997
Product Demoed: D3 Small Business Banking
Website: d3banking.com
Twitter: @D3Banking

Dyme Launches its Text Message-based Savings Solution

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

The founder of Dyme “pay yourself” is our next presenter.

Dyme is demoing its primary service, focusing on text message interactions with the user. These texts are designed to help the user make small, in-the-moment contributions that nudge the user into saving toward long-term goals and savings.

Presenter: Joseph Prather, founder

 

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Product launch: September 2015

Metrics: Raised ~$300,000 for beta test; 5 employees
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions

HQ: San Francisco, California
Founded: May 2014
Website: dyme.co
Twitter: @mydyme

Bleu Introduces its PoS Network to Help Speed the Transaction Process for Consumers

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

The team for Bleu is up next, demonstrating its Point of Sale Network solution.

Bleu facilitates mobile transactions by using Bluetooth low-energy beacons in our PoS Network. A beacon is a tiny wireless device that sends a Bluetooth signal to a customer’s Bleu app when they enter a store. The beacon connects the customer to the store and when the customer is ready to pay, they select their form of payment and the transaction is automatically completed. Bleu has patented a mobile transaction process using Bluetooth low-energy beacons, and has developed a proprietary mobile point-of-sale and consumer application. This fully integrated solution conducts transactions from any registered payment instrument.

Presenters: bleu CEO Sesie Bonsi and Brett Howell, VP, business development

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Product launch: September 2015
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions; through other fintech companies and platforms

HQ: Los Angeles, California
Founded: October 2014
Website: bleuco.com

Big Data Scoring Helps Lenders Leverage Big Data to Make Better Credit Decisions

Big_Data_Scoring_logo_FF2015This post is part of our live coverage of FinovateFall 2015.

The team from Big Data Scoring is making its way to the stage next.

Our big data underwriting models have been used and tested for years and show an average 25% improvement in scoring accuracy over current best-in-class scoring models. For a lender, this translates directly into better credit quality and more clients. The solution can be easily integrated into any platform and the benefits are immediate. We also offer a risk-free testing opportunity.

Presenters: Erki Kert, CEO, co-founder; Meelis Kosk, head of sales

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Product distribution strategy: Direct to business (B2B); licensed

HQ: Tallin, Estonia
Founded: February 2013
Website: bigdatascoring.com
Twitter: @bigdata_scoring

New Kapitall Holdings Introduces its Prize-linked Savings App for Millennials

New_Kapitall_Holdings_logo_FF2015This post is part of our live coverage of FinovateFall 2015.

Our next demonstration is led by Jeremy Pink, CEO of New Kapitall Holdings.

Introducing KapitallM, our new app based on a unique savings-first product modeled on the global success of prize-linked savings accounts or PLSAs.

A PLSA is a special savings account where you have a chance to win cash and prizes based on how much money you save. It’s designed for the millennial generation to secure its financial future by encouraging savings and paying down debt in a social, mobile, fun interaction. But we’ve added a few twists to the traditional PLSA in our new KapitallM app to include ways to win money by paying off student-loan debt and by simply testing your personal finance knowledge.

Presenter: Kapitall CEO Jeremy Pink

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Product launch: September 2015

Metrics: $10 million raised (2014)
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions; through other fintech companies and platforms; licensed

HQ: New York City, New York
Founded: January 2014
Website: kapitall.com
Twitter: @kapitall

Sliced Institutional Offers Advisers Access to Alternative Investments

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

SlicedInvestingLogoSliced Investing debuted Sliced Institutional:

Sliced Institutional gives registered investment advisers access to a suite of alternative investments while also automating all the manual processes associated with private investments: subscription document signing, reporting, custodial integrations, CRM integrations and more.

With this platform, Sliced Investing gives financial advisers access to both blue chip funds and emerging managers, all while providing portfolio analytical tools to help them efficiently invest capital.

Presenters: Sliced Investing Co-founders Akhil Lodha, CTO, and Mike Furlong, CEO

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Product launch: August 2015
Metrics: Sliced Investing is a fintech startup backed by Y-Combinator, Khosla Ventures, Great Oaks Venture Capital, TriplePoint Ventures, Data Collective, Aslanoba Capital, Amit Avner, Aaron Levie, and TEEC Angel Fund. The Sliced Investing team has experience in both financial services and technology from their time and experience at Motif Investing, Citi, J.P. Morgan, Mesirow Financial, Wells Fargo, Barclays, Oracle, and FT Partners. Sliced Investing currently has 8 full-time employees.
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms

HQ: San Francisco, California
Founded: June 2014
Website: slicedinvesting.com
Twitter: @SlicedInvesting

Bizfi Debuts Aggregation Silo for Business Financing

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

BizfiLogoOur first presenter of day two at Finovate is Bizfi, demonstrating how it helps with lead monetization in business financing:

At FinovateFall, Bizfi will be highlighting its aggregation silo, which the company is now making available to partners as a white-label or co-branded solution. Bizfi’s aggregation platform enables sales offices and/or partners to maximize lead monetization, while taking advantage of economies of scale and scope, powered by data science and technology. The proprietary technology behind the aggregation silo is further supported by strategic relationships with more than 35 funding partners. For potential customers, the presence of the aggregation silo translates into greater choice, efficiency, and convenience.

Presenters: Stephen Sheinbaum, founder, and Walt Levengood, chief strategy officer

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Product launch: April 2015
Metrics: $15 million raised in equity in 2006 from a handful of angels; currently raising its first round of institutional equity; ~$100 million of debt (senior, mezzanine, and subordinated); LTM revenues $69.2 million; LTM EBITDA $15.3 million; YTD production ~$257 million; $1.3 billion+ provided to ~26,000 customers; 175 employees.
Product distribution strategy:
Direct to business (B2B), through financial institutions, through other fintech companies and platforms

HQ: New York City, New York
Founded: May 2005
Website: bizfi.com
Twitter: @bizfinyc

Trulioo Presents Global Gateway, its Bank-grade ID-verification Solution

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

Our last live demonstration of the day is about Global Gateway from Trulioo.

Trulioo’s bank-grade identity-verification product, GlobalGateway, enables busineses to perform frictionless identity verification for more than 3 billion people in more than 40 countries via 145 data sources—the widest coverage in the market. GlobalGateway helps businesses comply with anti-money laundering (AML) and know your customer (KYC) identity-verification needs, and provides a reliable and trustworthy way for businesses to evaluate new and existing users through a single portal or normalized API.

Presenter: Anatoly Kvitnitsky, director, corporate development at Trulioo

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Product Launch: August 2014

Metrics: 27 employees; $10M raised; three-plus billion profiles in more than 40 countries via 145 data sources; more than 100 million cyber identities scored
Product distribution strategy: Direct to business (B2B), through financial institutions

HQ: Vancouver, British Columbia, Canada
Founded: August 2011
Website: trulioo.com
Twitter: @Trulioo

Avoka Transact Bundles Offer a Code-free Onboarding Solution

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

AvokaLogoNext, Avoka showed off its code-free onboarding solution, Avoka Transact Bundles:

For banks, credit unions, and wealth managers, Avoka’s digital commerce platform improves customer acquisition and reduces abandonment. Avoka Transact Bundles being demonstrated at FinovateFall is a code-free way of delivering an experience that allows a customer to apply for one product and seamlessly onboard into additional products such as deposit, loan, or card offerings. With Avoka Transact Bundles, you can design the experience your customer wants, independent of the limitations of your core systems and rapidly increase cross-sell rates.

Presenters: Derek Corcoran, chief experience officer; Jeff Kalicki, senior account executive

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Product Launch: July 2015
Metrics: 90 employees; 100+ customers; 100 million+ transactions completed in past year
Product distribution strategy: Direct to business (B2B)

HQ: Broomfield, Colorado
Founded: January 2002
Website: avoka.com
Twitter: @avokatech

From Bay Street Labs, Auvenir Transforms the Way Financial Audits Are Performed

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

The team from Auvenir makes its way to the stage.

Auvenir transforms and democratizes financial audits, enabling every auditing firm of every size to perform audits with the highest quality and efficiency. The intuitive web-based platform provides machine assistance to both client and auditor to accelerate the audit process and deepen intelligence for higher quality.

From staffing, to workflow, to automation and advanced analytics, Auvenir is the world’s most advanced and complete auditing platform.

Presenters: Peter Myers, CEO and co-founder; John Felske, CTO and co-founder; and Eziah Syed, co-founder

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