Socure Launches Facial Biometric Anti-fraud Technology, Perceive

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

Socure is announcing Perceive at FinovateFall 2015. Perceive is a patented, remote facial biometrics solution designed to address account-takeover fraud and transaction security. The device-agnostic Perceive SDK can be added to any mobile or web application to accurately authenticate a consumer using their face, without the hindrance of prior training required by conventional recognition biometrics.

Presenters: Co-founders Sunil Madhu, CEO, and Johnny Ayers, SVP, business development



Product launch: September 2015 at FinovateFall

Metrics: $7.2 million raised; $3 million revenue; 320 customers across 32 countries; 23 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 2012
Twitter: @SocureMe

Finovate Debuts: SayPay Combines Voice Recognition and Biometric Authentication


SayPay Technologies uses biometric authentication to give users an easy way to pay bills, check out online, and log into their online banking website.


  • Headquartered in Pleasanton, California
  • Founded in February 2014
  • Millions of production users in 40+ countries
  • Functions in English, Spanish, and Mandarin

At FinovateSpring 2015, the Pleasanton, Calif.-based startup announced a partnership with VoiceVault to leverage the biometric company’s ViGo product for voice authentication.

SayPay Technologies founder Steve Hoffman gave a personal demo of SayPay at FinovateSpring 2015 in San Jose

How it works
SayPay offers voice-based authentication for three main use-cases: bill pay, e-commerce checkout, and online banking login. For all use cases, SayPay identifies the user’s phone, authenticates their voice, and provides authorization for the interaction.

SayPay authentication works on more mobile devices than a fingerprint, which requires the user to have a fingerprint scanner on their device.

Use cases

1) Bill pay

After financial institutions integrate SayPay’s white-labeled API into their mobile banking app, clients receive push notifications on their phone to alert them when a bill is due.

Upon opening the push notification, the user views the bill within the bank’s app. At that point, they either set a reminder, pay the bill, or schedule a payment.

When ready to pay the bill, the customer is shown an 8-digit numerical code, unique for each transaction, and which expires if not used. After the client speaks the code, SayPay verifies the code and simultaneously authenticates the voice.


To finalize and schedule the payment, the user selects Confirm and views the receipt. The simple user experience improves cash flow for billers because they receive payment more quickly.

2) E-commerce checkout authentication
Just like SayPay for bill pay, the e-commerce checkout technology authenticates users by sending them a unique code for each transaction, then has them voice the code into their phone.

When shopping at an online merchant that uses SayPay, the customer enters their phone number or SayPay ID into the SayPay option, then selects Request Code.


There is no password needed to complete the transaction. The customer simply speaks the one-time code they were presented with on the checkout screen, selects Confirm Purchase, and the transaction is complete.


According to Steve Hoffman, SayPay CEO, 64% of all online-initiated checkouts end in abandonment. SayPay reduces this statistic by eliminating data entry, thereby streamlining/hastening the process, especially important for mobile consumers.

3) Online banking login
Financial institutions can use SayPay across the enterprise: from ACH and P2P payments, to online login and step-up authentication, and bill pay.


Using SayPay as an online banking-login solution, banks offer an improved customer experience with enhanced security.

In lieu of entering traditional online banking log-in credentials, a user simply enters his or her SayPay ID and reads out loud the 8-digit code shown on the mobile device. Once authenticated, SayPay logs the user into the online bank account.



Because SayPay relies on biometrics, it has inherent three-factor authentication. The three factors include the user’s phone, the SayPay code, and the user’s voice. The startup uses 256-bit encryption and never stores personal information on the user’s device.

Additionally, e-commerce and online banking login interactions are out-of-band when customers use SayPay on their laptop.

International Growth
SayPay sees opportunity in the Asia Pacific market, specifically Hong Kong, and is considering international expansion in that direction.

Expansion into more biometrics
As the quality of voice biometrics technology continues to improve, SayPay expects other biometrics to follow the same quality growth curve. For this reason, it hopes to adopt new biometric solutions as they become mainstream. While SayPay has launched with the VoiceVault partnership, it hopes to license its technology to other biometric service providers to plug in other biometric solutions.

Farther in the future, the company plans to expand by offering its API to vendors in different verticals such as healthcare. It also plans to move into wearables, once adoption picks up.

SayPay launched its bill pay and web sign-in offerings at FinovateSpring 2015 in San Jose.

Aaaand, Action! FinovateSpring 2015 Videos Now Available


FinovateTheatreIf you live in the U.S., you may be looking forward to spending your long Memorial Day weekend catching up on Finovate demo videos in your backyard theatre.

No? Well, even if you don’t have a backyard theatre, this weekend is the perfect time to watch some live demo videos from FinovateSpring 2015, which was held in San Jose, Calif., last week.

As of today, all 71 demo videos are now added to the Finovate archives. If you weren’t able to attend last week’s event in San Jose, it’s a good time to see what you missed.

For a solid start, we’ve linked the videos of our seven Best of Show winners:

Alpha Payments Cloud
















Money Amigo
















NAMU Systems
























Thanks again to all the companies that delighted our audience on the Finovate stage, sat with the audience, or sauntered around the networking hall. We couldn’t do this without all of you and we’re looking forward to FinovateSpring 2016!

FinovateSpring 2015 in the Press


As always, we had a blast watching the 71 companies demo their new tech live in front of the FinovateSpring audience in San Jose. It’s almost as fun to relive the conference through post-event press coverage and Twitter highlights.

Below is the press coverage so far. We’ll be adding articles as they are published throughout the next few weeks. If we missed your coverage, please send an article link to

2015 FinovateSpring Spree
by David Albertazzi’s

American Banker
Accenture Teams with Moven to Develop Digital Banking Tools
by Jacob Passy

Mitek Debuts ID Scanning Tech for Account Opening
by Penny Crosman

New Banking App Aims for the Instagram Set
by Mary Wisniewski

Finance and IT of fusion, hear how far to Finovate founder (in Japanese)
by Miyaji Yu

Investment net settlement in the IT venture wave application of the U.S. financial (in Japanese)
by Miyaji Yu

Bank Innovation
CIBC First to Launch Funds-Transfer for Apple Watch
by JJ Hornblass

In the Bank Account of the Future, Context is King
by Philip Ryan

Moven Preps PayPal Integration, Global Growth
by Philip Ryan

Barbara Friedberg Personal Finance blog
Finovate, a Glimpse into Your Money-Tech Future
by Barbara Friedberg

Beyond the Arc blog
Finovate 2015 Day 1: video commentary on financial innovation and fintech
by Steven Ramirez

Finovate Spring 2015: Fintech innovation for banking and wealth management
by Steven Ramirez

The Latest in Financial Services Innovation from Finovate
by Steven Ramirez

Video interview with JP Nicols, Bank Innovators Council
by Steven Ramirez

Biometric Update
SayPay Technologies, VoiceVault to deliver voice-biometric payments solutions
by Justin Lee

Boston Financial Data Services
Friction is the Enemy of Speed
by Matthew Gould

FinovateSpring marque le retour du PFM
What You Missed At Finovate: Social Banking Experiences
by Michael Hinshaw

CU Times
Community FIs Out-Innovating Big Banks: Onsite Coverage
by Roy Urrico

Finovate Emphasizes Engagement: Onsite Coverage
by Roy Urrico

Finovate Presenters Share Innovations: Onsite Coverage
by Roy Urrico

Mobile Tech Innovation Vital: Onsite Coverage
by Roy Urrico

Payment Technology in the Cards: Onsite Coverage
by Roy Urrico

Sizing Up Small Business Lending: Onsite Coverage
by Roy Urrico

Dwolla blog
5 of our Favorite Demos from Finovate Spring
by Mariah Young

The Financial Brand
3 Fintech Innovation Trends Banking Should Watch
by Steven J. Ramirez

New Moven App Encourages Savings, Eliminates Product Silos
by Jim Marous

Financial Services Club
Brett King’s Moven 4.0 wins Best in Show at Finovate
by Jim Marous

Moven and Accenture team up to sell digital tools to banks

The Fintech Blog
My Take on Finovate
by Michael Halloran

Finovate blog
FinovateSpring 2015 Best of Show Winners Announced
by David Penn

Moven Takes Its Mobile Banking Global with Accenture
by Tom Groenfeldt

iontuition blog
Credit Sesame, iontuition join forces to empower students

Javelin Strategy & Research blog
Dear Fintech, Give People Meaningful Experiences, Not Gold Stars
by Meg Cain

Finovate Showed That Fintech is Becoming Personal. Will Banks Have the Confidence to Be “Creepy,” Too?
by Ian Benton

Lazy Man and Money
Who Wants In on the DRAFTApp Private Beta?

Lend Academy
Cloud Lending Solutions Launches Loan Application Exchange
by Ryan Lichenwald

Let’s Talk Payments
Breaking: Finovate Announces the Winners of its FinovateSpring 2015

PFM App Moven Joins Forces with Accenture to Transform Digital Banking Solutions

This Cloud Solution Provides Apple Pay-Like Payment Experience to Android Users

Mitek Blog
Cool. Fast. ID Verification.
by Amber

Mobile Payment Magazine
Dream Payments Mobile POS Device Presented @Finovate
by Peter Goggin

Mobile Payments Today
Stratos upgrades digital card-issuance strategy

Money Marketing
Ian McKenna: Dispatches from Finovate (Day one)
by Ian McKenna
Link (sign-up wall)

Ian McKenna: Dispatches from Finovate (Day two)
by Ian McKenna
Link (sign-up wall)

Essential Fintech Reading: 9-15 May 2015
by Jon Ogden

Nerd Wallet
NerdWallet Gets $64 Million on Road to $1 Billion Valuation as Money Pours Into Fintech
by Michael Halloran

Payment Law Advisor
Finovate Summary
by Davis Wright Tremaine

The Paypers
Accenture and Moven partner for digital banking solutions
Kabbage’s Next-Phase Finserv Solution for SMBs

Mitek’s New Mobile Tech Verifies Driver’s Licenses

SizeUp blog
Beyond the Arc: Emerging Theme of Small Business in Fintech with SizeUp FI

The Street
Wells Fargo, Schwab Mingle with Disruptive Financial Tech Start-Ups at Finovate
by Michael HalloranFollow
10 Emerging Financial Technology Apps with a Tax-Angle
by William Perez

Credit Monitoring and Debt Management Service, Credit Sesame, Raises $16 Million
by Sarah Perez

Vouch Raises $6 Million Series A for its Social Network for Credit
by Sarah Perez

Visible Banking
Moven Demoes its Impulse Saving App on the Apple Watch
by Christophe Langlois

Wall Street Journal Blog
Vouch Raises $6 Million for Loans Backed by Borrower’s Social Network
by Lizette Chapman
Finovate Spring 2015: 72 Startups Demonstrate New Fintech Products
by Ryan W. Neal

Finovate Spring 2015: 7 Wealth Management Innovations, Day 1
by Ryan W. Neal

Finovate Spring 2015: 7 Wealth Management Innovations, Day 2
by Ryan W. Neal

Wharton Magazine
Finovate 2015: Reporter’s FinTech Notes
by Paulynn Yu

William Mills Agency Blog
FinovateSpring 2015, Day 1: Afternoon Recap
by William Mills III and Steven J. Ramirez

FinovateSpring 2015, Day 2: Afternoon Video Recap
by William Mills III & Steven J. Ramirez

FinovateSpring 2015, Day 2: Morning Video Recap
by William Mills III & Steven J. Ramirez

FinovateSpring 2015, Video Interview with Beyond the Arc and CCG Catalyst
by Steven J. Ramirez

FinovateSpring 2015, Video Interview: Beyond the Arc and Fin Mason
by Steven J. Ramirez

Live Blog at FinovateSpring 2015, Day 1
by William Mills III and Steven J. Ramirez

Live Blog at FinovateSpring 2015, Day 2
by William Mills III and Steven J. Ramirez

Morning Video Recap, FinovateSpring 2015
by William Mills III and Steven J. Ramirez

Yodlee Interactive blog
Highlights from FinovateSpring 2015: Fintech Innovators and Yodlee Sense
by Jenna Cheng

A huge thank-you to everyone who spent their nights and weekends covering the event!

FinovateSpring 2015: Twitter Talk from San Jose


There are many ways to enjoy a Finovate conference. Following along with the conversation, debate, and occasional comic turns of our attendees on Twitter (@Finovate) is definitely one of them.

And the stats seems to back it up. Courtesy of and its analysis of #Finovate of the past week, we learned that more than 1,300 people created more than 6,000 posts reaching well over 3 million Twitter followers.

Still, numbers tell only half the tale of FinovateSpring 2015. For the rest of the story, enjoy this small sample of some of those 6,000 tweets.

FinovateSpring 2015 Best of Show Winners Announced


Going into this year’s tally of FinovateSpring 2015 ballots, it was anybody’s guess which companies had won the hearts and minds of our attendees and would take home one of our coveted Best of Show awards.

But after two days of great demonstrations of the latest in fintech innovation from companies near and far, the votes are in, and we want to be among the first to congratulate those startups and industry veterans whose technologies wowed our record-setting crowd at the City National Civic in San Jose, Calif., this week.

Congratulations to the Best of Show winners for FinovateSpring 2015, listed in alphabetical order:

AlphaPaymentsCloudLogoAlpha Payments Cloud, for AlphaHub, its omnichannel access platform that helps banks, merchants, MSPs, and ISOs gain access to any solution-provider in the world.


Avoka_logo_VectAvoka, for Avoka Transact for Financial Services, which combines social, cloud services, and crowdsourcing into the world’s fastest credit card application.



FS2015_MoneyAmigo_logoMoney Amigo, for its technology that brings financial services to the underbanked and underserved, delivering traditional banking products in an innovative way.


MovenMoven, for its Moven Financial Health Platform, providing real-time contextualized notifications and interactions that create “gamified money moments.”


FS15_NAMU_logoNAMU Systems, for its “Joyful Banking” which uses new and intelligent behavior-modeling to focus on customer behavior and digital experiences to create a new standard in mobile banking.



Shoeboxed logo copyShoeboxed, for its Receipt Capture for Banks solution, which boosts the functionality of online and mobile banking apps while providing fraud protection.


STRATOS_ID_10.07.14Stratos, for its dynamic Stratos Bluetooth Connected Card and Digital Card Issuance Platform that analyzes card-usage trends and interactively engages card members.

We hope you enjoyed the show! As always, thanks to everyone who attended and participated in FinovateSpring 2015. We’ll see you next year!

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The seven companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners.

Outski Debuts 401(play) Employee Incentive

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

FS2015_Outski_logoIn our final presentation of FinovateSpring 2015, Outski demonstrated how it helps employers incentivize their employees to use their vacation days:

Outski has developed a program called 401(play) that motivates participants to prioritize PLAY in their lives by lifting the barriers to taking great vacations. 401(play) is brought to users through their employer, allowing the allocation of direct deposit dollars to their personal Vacation Savings Account. The Outski platform promotes interactive planning with goal-based savings to help people live happier, healthier, and more enriched lives with a focus on financial responsibility. As a robust planning tool with rich data implications, 401(play) can market numerous financial products in practical and easy-to-understand ways that improve the financial wellness of customers.

Presenters: CEO Greg Nickolson and Ryan Nelson, EVP business development



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

Metrics: With a staff of 8, Outski has more than 7,000 registered users, and has raised more than $500,000 in seed funding.

HQ: Tucson, Arizona
Founded: October 2013
Twitter: @OutskiTravel

CUneXus Demoes Comprehensive PreScreened Lending Platform


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

CUneXus showed off cplXpress:

Our cplXpress platform allows lending institutions to empower their customers with perpetual loan approval across multiple product lines. This unique and timely solution grants consumers ongoing insight into their personal buying power, and immediate access to preapproved loan offers at every touchpoint. No loan application necessary. Our advanced risk assessment and pricing engine generates a highly personalized and targeted menu of offers based on each individual’s unique financial profile, then communicates these offers within the institution’s online banking, mobile banking, branch, call center, direct mail, and email channels. We are demoing a selection of new online and mobile interfaces, as well as unveiling our latest mobile document delivery, e-signature, and point-of-sale lending capabilities.

Presenters: CUneXus’s Dave Buerger, co-founder and CEO, and Darin Chong, co-founder and COO



Product Launch: December 2013

Metrics: Founded by a dynamic group of seasoned ex-bankers, CUneXus is privately funded with headquarters 45 minutes north of San Francisco in beautiful Sonoma County. The company’s cplXpress lending automation platform was launched in 2014 and has generated over $100 million in consumer loans in its first nine months of service, a metric projected to grow exponentially in 2015. CUneXus was recently recognized as one of just ten companies to watch on KPMG’s global report of “The Best Fintech Innovators of 2014” and has been selected to participate in Silicon Valley’s renowned Plug & Play Fintech accelerator program for 2015.

Product distribution strategy: Direct to Business (B2B), licensed, white-label

HQ: Santa Rosa, California
Founded: October 2011
Twitter: @cunexus

Trizic’s Accelerator Enables Financial Firms to Scale Investment Advice

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

TrizicLogoTrizic debuted its Accelerator that delivers investment advice:

Trizic Accelerator is an elegant, cloud-based digital investment advisory platform. It comprises two elements: a beautifully simple, customized online experience for investors, and a powerful, back-end console that automates portfolio management, securities trading, rebalancing, compliance reporting, and client billing.

Using Accelerator’s sophisticated technology, financial firms will be able to serve clients across all mobile devices, in a more scalable and productive way by augmenting, not replacing, their high-touch, full-service business models.

At left: Brad Matthews, Trizic CEO and founder



Product Launch: October 2014

Metrics: 15+ employees, 30 financial firm clients, and a pipeline of prospective users
Product distribution strategy: Business-to-Business (B2B), through financial institutions

HQ: San Francisco, California
Founded: October 2012
Twitter: @TrizicCo

NAMU Brings Intelligent Behavior Modeling to Mobile Banking

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

Namu logoNAMU is on stage now. The company’s “social spending behavior algorithm” helps FI’s better engage their customers.

NAMU delivers a new standard in mobile banking by implementing new and intelligent behavior modeling, which focuses on customer behavior and digital experiences. All of this is based on a patent-pending “social spending behavior algorithm.” The product highlights include: highly visual user experience, Google-like search through the customer’s entire transaction history and across all banking products, new data organization, contextual, personal, and relevant permission-based advertising of targeted offers, promotion, and loyalty services to consumers as well as a virtual personal branch. For each bank, NAMU connects easily to many complex banking systems with a centralized API and data-centric architecture.

Presenters: Thomas Ko, co-founder and president, and Piotr Budzinski, co-founder and CEO



Product Launch: November 2014

Metrics: Early start-up phase, raised $200,00 from two angel investors; 10 employees
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Mahwah, New Jersey
Founded: February 2014
Twitter: @namuapp

ACH-based Payments Innovator Knox Payments Presents Knox Asssured and Knox Verified

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

KNOX symbolKnox Payments, an ACH-based payments company, is introducing two new innovations: Knox Assured and Knox Verified.

Knox Payments is a payments and security service that allows merchants to conduct ACH payments. These are transactions wherein customers can pay directly to merchants using their bank accounts. What differentiates the service from its competitors is its primary focus on speed. In addition, Knox Payments does not offer user accounts, and simply functions as a tool for fast online checkouts.

Presenters: Thomas Eide, CEO and founder, and Julius Gartner, director of business development



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

HQ: San Francisco, California
Twitter: @KnoxPayments

Emailage Offers Instant Fraud Scores for Websites

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

EmailageLogoEmailage debuted its browser-extension:

Emailage is focused on providing customers with multiple ways to access our toolset. Our new browser extensions allow customers to easily get a real-time fraud score from any webpage. Enabling these extensions allow customers to assess fraud risk scores from Chrome, Firefox, and Internet Explorer seamlessly. The Emailage browser-extension places an icon next to any email address on the page, which can be clicked for instant analysis of the risk associated with the email.

Emailage Presenters: Jennifer Coughenour, director of sales, and Amador Testa, chief product officer



Product distribution strategy: Direct to Business (B2B)

HQ: Chandler, Arizona
Founded: May 2012
Twitter: @Emailage