Red Giant App Makes Ordinary Payment Cards Intelligent, Flexible and Secure

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

Our next presenter is the team from Red Giant.

Red Giant’s groundbreaking service gives you financial control and security you have not had until now. Red Giant keeps your debit card locked until you are ready to use it. And when you want to make a purchase you just use the mobile app to unlock your card with the touch of a button.
When you unlock your Red Giant card it works just like any other card, only better. You get instant receipts, immediate balance updates, and a real-time picture of your actual spending compared to your goals – right on your smartphone.
You can use your Red Giant physical card anywhere standard cards are accepted. Red Giant Digital cards – shown securely in our mobile app – let you separately control your online purchases.
Presenting: Robert Sears (CEO) and Lindsay Douglass (Project Manager)

Product Launch: April 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Palo Alto, California
Founded: June 2008

Zumigo Demos Assure Technology to Speed and Simplify eCommerce Transactions

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

Zumigo is on stage now, about to debut its Assure solution for securing financial transactions, identifying devices and their owners, and enabling marketing

“Zumigo is demonstrating a revolutionary new way to simplify the account-opening funnel and reduce shopping cart abandonment. Financial institutions and eCommerce companies can integrate this solution to existing new-customer flows on websites and mobile applications. By leveraging its access to mobile networks and related account data, Zumigo can pre-populate forms with a customer’s name, address, phone number, and even tokenized credit card data. Now a customer’s mobile phone can provide the data needed to streamline, reduce risk, and secure any transaction.”
Presenting: Chirag Bakshi (CEO & Founder) and David Pinski (VP Product Management)

Product Launch: April 2014
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: San Jose, California
Founded: December 2009
Website: zumigo.com
Twitter: @zumigo1

Avoka Launches TransactWeb to Turn Paper, PDF and Web Forms into Digital SmartForms

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

Making their way to the stage now is the team from Avoka.

Avoka TransactWeb is the Customer Transaction Experience Game Changer. As the leading Multi-Channel Data Collection SmartForm & Transaction Management System, it transforms mobile-unfriendly, painful-to-fill-in, hard-to-maintain, slow-&-dirty-data, channel-constrained Paper, PDF, or Web Forms (such as account opening & loan applications, permits & license, student enrollment, and insurance claims) into mobile-optimized, easy-&-intuitive-to-fill-in, fast-&-agile-to-maintain, high-quality-data Multi-Channel SmartForms for a seamless, multi-channel customer transaction experience.
It also announced a partnership with miiCard that will allow customers to use their miiCard online ID verification to replace physical ID verification.
Presenting: Phil Copeland (CEO) and Jeff Kalicki (Senior Account Executive)

Product Launch: March 2014
Metrics: Over 100 employees; offices in US, UK, and Australia; tier 1 & 2 Financial Services clients; government clients in US, UK, and Australia; industry-leading NPS score (+41).
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms.
HQ: Denver, CO
Founded: January 2002
Website: avoka.com
Twitter: @avokatech

Visible Equity’s Fair Lending Analytics Can Mathematically Prove Borrowers Are Treated Fairly

This post is part of our live coverage of FinovateSpring 2014.
Next, Visible Equity launched Fair Lending Analytics to help financial institutions prove they are treating borrowers fairly:
“Fair Lending laws have been around for decades, but more sophisticated Fair Lending analysis has recently become a hot-button issue and point of emphasis from financial regulators.
Our product uses intuitive design and advanced statistical modeling to determine whether discrimination or “disparate impact” is potentially occurring in marketing activities, during the loan application process, with pricing and add-on products, and with charge-off and collection practices.
It is unlikely that a financial institution is ever knowingly discriminating, but now with the use of Fair Lending Analytics, institutions can mathematically prove they are compliant and treating all borrowers fairly.”
Presenting: Matthew Court (VP Sales & Marketing) and David Gilbert (COO)
Product Launch: April 2014
Metrics: We serve over 300 clients and analyze over $120B in loans daily.
Product distribution strategy: Direct to Business (B2B)
HQ: Salt Lake City, UT
Founded: June 2008
Twitter: @visibleequity
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Smarter Authentication from Encap Security Combats CNP Fraud

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

Our next presenter is the team from Encap Security.  The company’s Smarter Authentication solution helps provide a secure, seamless omnichannel experience for financial institutions and their customers.

“In the wake of Target and other large retail breaches, Encap has the first solution that can be used to combat CNP fraud – the way most compromised cards are used. Encap is demoing our authentication solution with an emphasis on the importance of thinking outside the traditional ‘authentication’ box.
Because Smarter Authentication is complex, secure, and provides a simple and seamless user experience, it is ideally suited to address not only mobile and online banking transactions, but also CNP transaction approval.”
Presenting: Adam Dolby (VP Business Development) and David Nayes (Director of Sales)

Product Launch: November 2012
Metrics: Based in Oslo and Palo Alto, Encap Security’s management team has more than 60 years experience and an unrivaled pedigree in authentication, identity management, mobile app security, and mobile financial services. Following a recent funding round, the total investment in Encap Security stands at $6.6 million. Encap Security’s solution is used by major financial institutions, enterprises, and technology integrators including Santander Consumer Bank Norway, EnterCard, and Sparebaken Vest.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms.
HQ: Palo Alto, CA
Founded: October 2012
Twitter: @encapsecurity

Wipit’s Boost Mobile Gives Underbanked Users an Easy Alternative to Retail Check Cashing

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

Next, Wipit took the stage to demo Boost Mobile Wallet:
“Boost Mobile Wallet lets millions of prepaid wireless customers load cash to their mobile wallet account, then use the funds to send international money transfers, pay bills, or top-up their Boost Mobile phone − all from the convenience of Wipit’s Mobile Wallet app on their Android smartphone or iPhone. 
Customers are also provided with a convenient, cost-saving alternative to retail check cashing via Wipit’s in-app Quick Check service. For customers that prefer the convenience of card payments, Boost Mobile Wallet includes a personalized, linked Visa prepaid card that can be used for ATM withdrawals and Visa purchases.”
Presenters: Richard Kang (CEO) and John Janes (COO)
Product distribution strategy: Direct to Consumer (B2C), through other fintech companies and platforms
HQ: Pasadena, CA
Founded: May 2010
Product Launch: May 2013  
Website: wipit.me 

SaveUp Debuts its “Gummy Vitamin” of Personal Finance on an iPhone App

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

Second up this afternoon, SaveUp debuted its iPhone app aimed at helping Millennials learn about and engage with their personal finances:
“SaveUp is the first rewards program for saving money and reducing debt with the opportunity to win life-changing prizes and merchant-funded rewards. SaveUp is the “gummy vitamin” of personal finance, generating unprecedented engagement with personal finance among Millennials. 
Six months after signing up, the average user links 6 – 8 accounts, and of these 20% are daily active users and 60% monthly actives. SaveUp users are engaged to learn about new financial products, seek financial guidance from CFPs, access financial education, and make better financial decisions. 
Personalization is based on data. SaveUp is a highly flexible, customizable platform that drives engagement and retention in different financial service verticals. SaveUp is premiering the iPhone app at FinovateSpring 2014.”

Presenting: Priya Haji (CEO & Co-Founder) and Sammy Shreibati (CTO & Co-Founder)

Product Launch: November 1, 2011
Metrics: The average user links 6 – 8 accounts, and of these 20% are daily actives and 60% are monthly active users.
Product distribution strategy: Direct to Consumer (B2C), through financial services channels including: banks, credit unions, digital wallet, prepaid, student loan, and employee wellness
HQ: San Francisco, CA
Founded: April 2011
Website: saveup.com
Twitter: @playsaveup

Yseop Launches its Sales Force Productivity Suite in the U.S.

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This post is part of our live coverage of FinovateSpring 2014.
First to take the stage after lunch, Yseop stepped up for the U.S. launch of its Sales Force Productivity Suite:
“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (“Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. 
YSF analyzes customer data, dialogs intelligently with the advisor or customer to gather contextual data, and produces written conclusions such as pre- and post-meeting summaries, personalized marketing communications, and prep-to-meeting documents in less than a second.”
Presenting: Elizabeth Farabee (VP Marketing) and Matt Rauscher (Consultant)
Product Launch: April 2014 (in the United States)
Metrics: Privately self-funded. Over 20 years of research. 35 employees. 30 large customers with 20,000 users in production daily in the banking & insurance industries. 
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Dallas, Texas (U.S. HQ); Lyon, France (European HQ); offices in New York, London & Paris
Founded: First commercialized as a stand-alone product in Europe at the end of 2008
Website: yseop.com
Twitter: @yseopAI

Artivest’s Online Platform Puts Private Funds Within Reach of Average Investors

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

Our next presenter is Artivest, presenting its online investing platform and Artivest Access funds.
“Artivest’s platform streamlines the process of investing in a private investment fund. Our online platform features a series of Artivest Access funds, which allow our members to invest in leading private funds with low minimums and transparent reasonable fees.
The Artivest team conducts extensive selection and due diligence processes, presenting only those funds that we believe to be truly exceptional. While the traditional process for investing in a private fund required days of travel and mountains of documents, the Artivest platform allows investors to access, evaluate and invest in a fund entirely online.
Once an investor has decided to commit to a particular fund, our online investment flow guides them through a seamless submission process. What’s more, we help fund managers engage more efficiently and effectively with sophisticated investors in our online community.”

Presenting: James Waldinger (CEO) and David Levine (CIO)

Product Launch: Privately launched: January 2014
Metrics: $3.4 million raised; 11 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: New York, New York
Founded: June 2012
Website: artivest.co
Twitter: @artivest

True Link’s New Prepaid Card Helps Keep Vulnerable Seniors Safe From Predatory Fraud

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

Then, True Link debuted its payment card that helps shield seniors from fraud:
“Vulnerable seniors lose $100 billion a year to predatory marketing and fraud. It’s easy to trick someone with memory loss – for example, you can sell magazines just by sending a free issue then calling and saying that they are overdue to pay for a subscription. 
Some of our customers spend thousands of dollars a month on magazines they never wanted. We offer a family-managed safe form of payment. When Grandma is out shopping with friends it works like any other Visa card, but if someone is trying to take her money, we decline the charge and keep her safe.”
Presenting: Kai Stinchcombe (CEO) and Claire McDonnell (COO)
Product Launch: March 2014 
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
HQ: San Francisco, CA
Founded: February 2013 
Website: truelinkcard.com 
Twitter: @TrueLinkCard

Endeavour Partners with Zoot and Jumio to Create a Mobile Account Opening Solution

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


Then, Endeavour and Zoot took the stage to demo MobileAO, a mobile account opening solution:
“Endeavour has partnered with Zoot and Jumio to create a best-of-breed mobile account-opening solution− MobileAO. This unique, powerful, and flexible solution is capable of meeting the complex and evolving business requirements of large financial institutions regarding security, ID verification, and risk management; all while delivering a simple and intuitive mobile experience to the customer. 
Endeavour has integrated Jumio’s innovative ID validation and prefill capability along with Zoot’s real-time decision engine into a single mobile application and web portal, which empowers banks to open new deposit and credit accounts seamlessly and instantaneously.”
Presenting: Steven Staley (Dir. Banking & Strategic All.), Tom Johnson (VP Strategic Alliances),  and Alex Johnson (Marketing Specialist)
Product Launch: April 2014
Metrics: Endeavour is a privately held company with offices in Austin, London, Bangalore, and Singapore. Backed by Singapore-based private equity firm Basil Partners, Endeavour employs over 300 employees across four countries.
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Austin, TX
Founded: February 2008
Twitter: @mobilitycompany

LendUp Launches its RESTful API Platform to Support MultiChannel Consumer Lending

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

Our next presenter is LendUp. The socially-responsible lender has earned investment from sources ranging from Google Ventures to Kleiner Perkins.

“LendUp is proud to enable partners to leverage the first RESTful API Lending Platform. We have exposed the same core platform that has built and launched LendUp’s diverse suite of consumer lending products and channels – a fully compliant mobile, web, or custom integration for consumer lending with a focus on market solutions to subprime or payday lending.”
Presenting: Sasha Orloff (CEO & Co-Founder) and Jacob Rosenberg (CTO & Co-Founder)

Product Launch: FinovateSpring 2014
Metrics: $20 million raised from Y-Combinator, Google Ventures, QED Investors, Data Collective, Andreessen Horowitz, Kleiner Perkins, Kapor Capital, Thomvest Ventures, SV Angel & Startfund
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed.
HQ: San Francisco, California
Founded: November 2011
Website: lendup.com
Twitter: @LendUpLoans