P2BInvestor Reimagines Business Lending by Combining Crowdfunding with Receivables Financing

Thumbnail image for P2BiLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Coming to the stage next is e-commerce innovator, P2BInvestor, a web-based, crowdfunded, receivables finance company.
“P2BInvestor has created a platform that allows investors to buy into a portfolio of business receivables and earn good returns. We give investors the ability to examine underwriting information about clients and choose which receivable portfolio to buy into. Investors own a percentage of every invoice in a portfolio, and earn their returns in cash every month. Investors can liquidate part or all of their portfolios without fees with 60 days notice.”
Product Launched: May 2013
HQ Location: Louisville, CO
Company Founded: February 2012
Metrics: $250,000 raised; 5 employees; 207 registered users
Website: p2bi.com
Twitter: @p2binvestor
Presenting Krista Morgan (CMO & Co-Founder) and Clay McIlrath (CTO)

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FIS Launches its Cloud-Based Mobile Wallet Platform with Cardless Cash Access

FISLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Mobile banking veterans FIS are now coming to the stage to unveil their new mobile wallet.
“The FIS Mobile Wallet is a cloud-based platform that gives financial institutions control of the branding and user experience within the application. As a fully enabled commerce solution, customers can add debit, credit, stored value and loyalty cards, as well as redeem mobile coupons and targets offers and pay bills. All credentials are stored securely in the cloud, not on the phone.
Cardless Cash Access allows users to make cash withdrawals at an ATM using only their smartphone. Authentication, account selection and amount selection all occur through the mobile app and a QR code is scanned to complete the transaction.”

Product Launched: May 2013

HQ Location: Jacksonville, Florida
Company Founded: January 1968
Metrics: More than 20 million mobile users; serves more than 14,000 institutions in more than 100 countries
Website: fisglobal.com
Twitter: @FISGlobal
Presenting Douglas Brown (SVP & GM, FIS Mobile) and Chris Gardner (Co-Founder, Paydiant)

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Quantopian Launches Live Trading from its Browser-Based Algoritmic Platform

Thumbnail image for QuantopianLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Quantitative traders and investors! Start your algorithms! Quantopian Live Trading has landed.
“Quantopian Live Trading allows quants to trade on their algorithms directly from the Quantopian platform using only their browsers. Native to the cloud, Quantopian Live Trading combines historical data, algorithm simulation, external and live market data, brokerage integration, and algorithm development into a seamless, browser-only workflow.
Algorithms can go from historical backtesting to simulated real-time trading to live trading with the click of a button.”
Product Launched: May 2013
HQ Location: Boston, MA
Company Founded: June 2011
Metrics: $2.1 million in funding; 6 employees
Twitter: @quantopian
Presenting John Fawcett (CEO & Founder) and Jean Bredeche (CTO & Founder)

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Narrative Science Unveils Quill Portfolio Solutions

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

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Fourth up on stage today, Narrative Science showcased Quill Financial Services:
“Narrative Science presents Quill for Financial Services, a suite of solutions that enables financial institutions to automatically analyze, interpret and gain human insight from data at a speed and scale never before possible.
    • A leading credit analytics firm is leveraging Quill to transform its data and risk assessment models into an investment report that combines both text and visualizations.
    • Quill is automatically creating attribution summaries that provide internal stakeholders and their clients with insight into the reasons behind portfolio performance.
    • Quill is creating personalized portfolio reviews for financial advisors and their clients. Advisors get the talking points they need for client conversations while their clients get clearly written account performance summaries.”
Product Launch: Quill Investment Research: Fall 2012, Quill Portfolio Solutions: Summer 2013
HQ: Chicago, IL
Founded: January 2010
Twitter: @narrativesci
Presenting Kris Hammond (CTO) and Katy De Leon (Director, Marketing)

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TrustEgg Helps Parents (and Family and Friends) Save and Invest for Kids

Thumbnail image for TrustEggLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Reminding us that preparing for a child’s future is a critical part of parenting, here’s TrustEgg with some ideas on planning for the financial side of that future:
“TrustEgg is the simple way to save for a child’s future. TrustEgg enables parents to create a Trust for their child in minutes for free. Parents can invite family and friends to make contributions. The Trust Fund is invested with Vanguard and earns a market rate of return until the child turns 18.”
Product Launched: February 14, 2013
HQ Location: San Diego, CA
Company Founded: January 1, 2011
Website: trustegg.com
Twittter: @trustegg
Presenting Jeffrey Brice (CEO) and John Zdanowski (CFO & COO)

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Leaf Unveils LeafPresenter to Broaden Small Business Payment Processing Options

Thumbnail image for LeafLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Next to the stage is Leaf, presenting the second generation of its LeafPresenter tablet:
“Out-of-the-box, the LeafPresenter tablet lets small business owners create a virtual version of their store: catalogs, items, customers, employees, and inventory. The device can be set up in minutes and is designed to be handheld or stationary in its base, so merchants can immediately begin accepting payments, analyzing business performance, and engaging with their customers.
By supporting numerous payment technologies, the LeafPresenter gives merchants the power to work with the credit card processor, gift card provider, or next generation payment option of their choice, including PayPal, LevelUp, and various digital wallets.”
Product Launched: May 2013
HQ Location: Cambridge, MA
Company Founded: January 2011
Metrics: $4 million in funding raised; 20 employees; 100+ businesses using Leaf
Website: leaf.me
Twitter: @LeafYourLife
Presenting Aron Schwarzkopf (CEO)

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EyeVerify’s Eyeprints Provide Mobile Biometric Identity Verification

Thumbnail image for EyeVerifyLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Starting off the show here in San Francisco is EyeVerify with a unique approach to eye-oriented identity authentication.
“EyeVerify has commercialized a software-only, biometric method for verifying the identity of mobile users called ‘Eyeprints’. The Eyeprint Verification System is based on the unique vein patterns in the whites of your eyes, and has fingerprint-level accuracy. Eyeprints require only the existing camera in a smartphone, so the system is not dependent on expensive fingerprint or iris scanning hardware.”
Product Launched: April 2013
HQ Location: Kansas City, Kansas
Company Founded: January 2012
Website: EyeVerify.com
Twitter: @EyeVerify
Presenting Toby Rush (CEO) and Chris Barnett (EVP Global Sales & Marketing)

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What to Expect When You’re Expecting….

…To come to FinovateSpring tomorrow?  We’re here at the Concourse Exhibition Center (635 8th Street at Brannan), watching presenters place the final touches on their live demos.

We’ve seen all types of fintech solutions from companies ranging from 1 employee to more than 35,000. These companies are coming to us from across the globe, with a heavy concentration in the bay area. 
Here’s the complete picture (click to enlarge):
finovate_reportmap_US13_PRESS.jpgDon’t miss your opportunity to meet executives from fintech startups and established companies and see their brand new technology demonstrated live. Get your ticket here.
Our new in-conference networking tool, FinovateConnect, is now available in beta and will be debuted to the audience tomorrow. This makes it even easier to introduce yourself to individual presenters and attendees in a crowd of 1,200+ people. Attendees will receive an email detailing the sign-up process and instructions.

If you have last-minute questions about FinovateSpring, please see our FAQ. We’re looking forward to seeing all of you tomorrow!

If You’re Going to San Francisco … Join Us for FinovateSpring 2013

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Before every Finovate event, we try to provide a sense of the areas in which our presenting companies, large and small, are innovating.

Our Themes Word Cloud for FinovateSpring 2013 includes some familiar topics, as well as a number of new themes that have moved to the front of the pack this year.

FS2013 Word Cloud v7b.jpgIn addition to presenting some of the most interesting innovations in fintech, FinovateSpring is a great opportunity for industry professionals to meet, network, and get to know one another. 

The fact that titles like “Director”, “CEO,” and “SVP” (senior vice president) are so prominent in our Titles Word Cloud is a testament to the role Finovate plays in helping both fledgling startups and established innovators introduce their technologies to the public.

Version2TitleWordCloudV3.jpgFinovateSpring 2013 is the largest Finovate yet, besting last year’s record-setting event. Be sure to follow us here at Finovate.com and on Twitter (@Finovate) Tuesday and Wednesday for our all-day coverage, live from San Francisco. Also, download the latest edition of the FinovateSpring 2013 mobile app, available for free on iPhone, iPad, and Android devices.

Lastly, if you’d like to take a look at who’s presenting when, please visit our Demo Schedule page for more information.

See you in the City by the Bay.

FinovateSpring 2013 Sneak Peek: Part 5

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For our final sneak peek of FinovateSpring demoing companies, seven companies have provided some insight into the products they will demo next week at FinovateSpring in San Francisco.

Don’t miss the previous sneak peek posts:

If you haven’t already, be sure to get your ticket for FinovateSpring. It’s happening May 14 & 15 in San Francisco.

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authenticID’s True Identity Made Simple identity proofing solutions work worldwide and our pictureID tool is 100% accurate – a claim no other identity company can make.
Features:
    • pictureID can eliminate ID fraud
    • Fraudsters can’t beat pictureID – without a costume
    • Better customer service & compliance
Why it’s great: pictureID is the only 100% accurate identity proofing solution and it provides added security by producing a picture of the true ID owner.
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Finovera is reinventing how people manage their bills, accounts and financial documents at home. It is a perfect complement to Online Banking and Bill Pay service.
Features:
    • Automatic delivery of all Bills in one file cabinet
    • Alerts when a bill is unusually high
    • Organize your life in under 10 minutes
Why it’s great: Now households can go paperless and manage all their bills and financial documents in one secure place from anywhere.
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Kofax enables customer acquisition directly from the mobile device and recognizing the importance of consumer engagement, Kofax will demonstrate on-boarding for an impactful customer experience.
Features:
    • Meet and service customers via mobile channel 
    • Reduce operating costs and minimize drop-off rates
    • Increase growth and profits
Why it’s great: Kofax Customer Onboarding improves the agility and profitability of your bank’s customer on boarding processes by engaging customers via mobile devices.

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LendUp is the creator of the LendUp Ladder, an innovative program that uses small dollar loans to provide a path out of the payday lending debt trap and help borrowers build credit.
Features:
    • LendUp Ladder: Rehabilitate Declined Credit Applications
    • LendUp Education Program
    • Gamification Credit Building
Why it’s great: The LendUp Ladder helps create better credit customers
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NICE Mobile Reach complements mobile banking to redefine mobile customer service. Capitalize on mobile opportunities: engage, connect, Collaborate!
Features:
    • Intelligently engage customers
    • Seamlessly transition to the right channel with context
    • Effectively collaborate for resolution
Why it’s great: The ultimate mobile customer experience: ensuring every customer need is resolved, even when mobile self-service is not enough!

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Trusted Knight’s Protector software defeats key-logging and web-inject (MITB) attacks against employee and customer devices so that online transactions are safe from malware.
Features:
    • Quick and easy customer install — no impacts/issues.
    • Effective against even zero-day exploits.
    • 70% customer opt-in rate in
Why it’s great: Allows business to safely interact with malware-infected devices.
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Zooz is the people-first payment platform that will boost your conversion.
Features:
    • Optimized native checkout for m-commerce apps 
    • One tap payment across different apps
    • Multiple payment methods in one SDK
Why it’s great: Payments are for people and we’re here to give the human touch. When your users feel happy and secure they’re more likely to make it to the “Thank You” page.
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For more information on attending, see our FAQ. To register, visit our FinovateSpring page here.

What’s New in the FinovateSpring 2013 Mobile App?

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We’ve updated our mobile app just in time for FinovateSpring. If you haven’t downloaded it already, use the links below or search Finovate in the Apple App Store or Google Play Store. It’s available for free on iPhone, iPad, and Android devices.

Before the show, attendees and followers of FinovateSpring 2013 have access to:

    • Agenda
    • Presenting companies previews
    • Ability to manage your Finovate schedule with calendar integration

On the first day of the event, the app will update to unveil the complete details of all 72 new products. Use the app to:

    • Contact presenters by email or phone using the integrated contact feature
    • Take notes on each company
    • Save your personal rating for each company
    • Bookmark presenters for quick reference
    • Search within the app

FinovateSpring 2013 Sneak Peek: Part 4

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Our FinovateSpring 2013 Sneak Peek preview continues with another 12 companies that will be demoing their innovative technologies at our San Francisco event on May 14 and 15.

If you missed the previous installments of our Sneak Peek preview, here are links to parts 1-3:

Everything you need to know about FinovateSpring, from a full list of presenters to instructions on how to buy tickets, is available at our FinovateSpring 2013 information page here.  

For now, here’s a look at a dozen more fintech companies who will be presenting their innovations on stage in May.

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Arxan Technologies protects the App Economy from emerging hacker attacks with award-winning application integrity protection products that provide best-of-breed mobile app shielding.
Features: 
  • Strengthens financial apps with self-defense and tamper-resistance
  • Delivers multi-layered application security, broadest platform
Why it’s great: Arxan provides global Forbes 500 companies with the world’s strongest and most deployed application integrity protection to launch multi-OS mobile services.

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BBC Easy is a web service that increases lending efficiency and reduces risk by automating the collection of borrower’s financial data.
Features:
  • Pulls financial data directly from the top 10 accounting systems
  • Loans are monitored with automated Borrowing Base Certificates
Why it’s great: Direct access to financial data lowers risk and increases loan efficiency.

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CardFlight is the easiest way to integrate card-present payments into your own mobile apps.
Features:
  • Encrypted reader that works with virtually any iOS or Android device
  • Easy, flexible SDK
  • Support for most payment processors
Why it’s great: Easily accept card-present payments in your apps while keeping full control of your user experience.

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Corduro Register helps enable Payments as a Service for the enterprise.
Feature:
  • No Credit Card, No Phone, No Hassle 
Why it’s great: Corduro focuses on enterprise clients, providing them with a unique way to pay.

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Credit Sesame is the consumer’s credit and lending expert, providing smart financing for your life.
Features: 
  • Buying a house? See what you can afford
  • Compare multiple loans and find the best one
  • Monitor your credit for free on the go
Why it’s great: It’s the one mobile app that provides the information, analysis, advice, and offers you need for every important financing decision.

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Escardgot introduces the Helix SCard. Evolved spending. Simple. Store your cards, select, and swipe.
Features:
  • Merchants can send cards and offers directly to a consumer’s phone
  • A consumer can decide which ones to use when ready to swipe
Why it’s great: The Helix SCard is the perfect transitional technology to usher in the wireless payment industry. No POAS hardware changes like NFC.

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Finect is the only online network for the financial industry.
Features:
  • Online profiles and groups with seamless LinkedIn integration and professional verification
  • One-stop compliant social media
  • First-ever investment profiles for real-time peer discussions
Why it’s great: We’re a one-stop shop network allowing you to build your brand and community in a compliant manner.

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GoNow‘s eWallet Platform will ignite mass market eWallet adoption and includes a “Super Smartcard” programmed by the eWallet which enables payments at any POS terminal.
Features:
  • Full compatible with existing POS infrastructure
  • Generates new revenue, extends brand
  • GoNow has independent secure element
Why it’s great: Available as white label, GoNow’s eWallet Platform makes it easy to launch an eWallet that works everywhere and offers new revenue opportunities.

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Narrative Science enables companies to automatically uncover insights hidden in data and create new content and communication at a scale and frequency never before possible.
Features: 
  • Provides powerful insight across a variety of industries
  • Business intelligence solutions that deliver actionable insight
Why it’s great: Narrative Science’s Quill solution addresses today’s challenges with Investment Research and Portfolio Reporting for both individual and institutional investors.

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Plastyc Inc. enables better banking services to be delivered to all via web and mobile, regardless of income, age, and bankability.
Features: 
  • Turns prepaid cards into DDA alternative
  • Web/mobile consumer interfaces with push messaging
  • 24×7 monitoring and analytics
Why it’s great: Brings life-time-value of prepaid accounts to unprecedented levels.

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P2BInvestor introduces crowdfunding receivables.
Features:
  • Investor dashboard for crowdfunding platform
  • Explore receivables loans to invest in
  • Interactive returns calculator
Why it’s great: First platform for crowdfunding receivable loans

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Wallaby Financial is the first service to combine a cloud-based wallet with an intelligent credit card to help consumers maximize rewards and cash back.
Features:
  • Build the perfect wallet and credit card mix
  • Get more rewards and cash back
  • Swipe smart every time you shop
Why it’s great: Consumers that want to maximize their credit card rewards and cash back can build their ideal wallet with Wallaby.
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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit our FinovateSpring page here.