Persistent Systems Previews its Online Payment Technology, Buddy Pay

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

FS15_Persistent_logoPersistent Systems demoes its payments innovation, BuddyPay.

BuddyPay is essentially a switching mechanism for Payment made for purchases of goods and services from an online site. It’s a mechanism that allows another person/entity (payer) to pay for goods and services purchased by someone else (buyer). The payment is done on the online site (seller) in real time. The name was coined BuddyPay as it involves two persons, buyer and payer (father/son, two friends, etc.) who are very well know to each other, i.e. “buddies.”

Presenters: Shriram Natarajan, VP technology consulting, and Ray Bharadwaj, global head of financial services

IMG_9550

IMG_9560

Product Launch: June 2015

Metrics: One of the top-ten companies for investor relations in India, Thomson Reuters Extel Survey Awards; 8,500+ employees; 23% revenue CAGR for the last 5 years; geographies: United States, Canada, Europe, Asia Pacific, Australia
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Pune, MH, India
Founded: May 1990
Website: persistent.com
Twitter: @Persistentsys

Malauzai Software Brings its Mobile-only Virtual Banking Experience to Community FIs

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

Malauzai logoMalauzai Software is here with its mobile-only virtual banking experience.

Malauzai has developed a mobile-only, virtual banking experience that makes banking fun, effortless, and completely branchless. With advanced features such as person-to-person payments, mobile account registration, picture bill pay, debit card on/off, and remote capture, end-users are able to leverage technology to bank anytime, anywhere, on any device.

Presenters: Robb Gaynor, CPO and co-founder, and Danny Piangerelli, CTO and co-founder

IMG_9532

IMG_9542

Product Launch: December 2014

Metrics: 280 live plus 330 signed customers, serving 500,000+ end users; more than 5 million logins a month; 60+ employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Austin, Texas
Founded: October 2009
Website: malauzai.com
Twitter: @malauzaimonkeys

Corezoid Presents its Cloud Operating System for Building and Changing Business Processes

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

COREZOID logo copyCorezoid is making its way to the stage now. The company is demonstrating its cloud-based platform to help FIs build better business processes.

Two classes of problems exist in software development:

  • Customer problems: it’s too long, it’s too expensive, lack of flexibility, high cost of updates, dependence on the developer, succession/inheritance
  • Developer problems: modern programming paradigm means programming with implicit selection of statuses resulting in a lot of inherent technical problems, it’s too long, succession/inheritance

Corezoid solves these problems by switching from writing the code to building the algorithm.

Presenters: Sergey Danylenko, chief marketing officer at Corezoid, and Antony Rogalskiy, chief marketing officer, PrivatBank

IMG_9519

IMG_9529

Product Launch: November 2013

Metrics: $1 million raised; 5,398 enterprises; 27, 193 conveyors; 21,223,940,118 operations
Product distribution strategy: direct to business (B2B), through financial institutions

HQ: Wilmington, Delaware
Founded: November 2013

PsychSignal Delivers Real-time Stock Market Opinion from Social Media Sources

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

PsychSignal-logo-20140409PsychSignal demonstrated its “natural language processing engine API” that provides investors with insights from a variety of social sources.

The Company’s Natural Language Processing Engine API delivers the public’s real-time opinions about stocks and other financial securities by categorizing and quantifying the millions of tweets and messages issued by Twitter, StockTwits, T3Live chat rooms, and other social media sources.

Presenters: CEO James Crane-Baker and CMO Bjorn Simundson

IMG_9506

IMG_9510

Product Launch: May 13, 2015

Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licenesed.

HQ: Miami, Florida
Website: psychsignal.com
Twitter: @psychsignal

EyeBuy Debuts System to Monetize Television

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

EyeBuyLogoEyeBuy launched its platform that enables consumers to instantly purchase what they see on TV:

EyeBuy is showcasing the ability to “see” logos, brands, people, products, etc. streaming across your TV/video screen and enable the viewer to instantly purchase or engage that item, on the spot, in near real-time, with a single click. Engagement options included capturing gift cards, card-linked offers, coupons, RFI, vouchers and purchasing.

Presenting Todd Coulter (CEO & Founder)

Product Launch: May 2015

Metrics: $150,000 raised; 4 employees
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Rancho Murieta, California
Founded: December 2013
Website: eyebuytv.com
Twitter: @toddcoulter

Mistral Mobile Launches m-Aegis Mobile Integrity, a Comprehensive Multi-Factor Authentication Solution

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

mistral mobile logoMistral Mobile is demonstrating its multifactor authentication platform, m-Aegis.

m-Aegis is the only comprehensive, multifactor, telco-independent, authentication and security solution for mobile applications and OTP replacement. Mobile banking and payments are exploding: Juniper Research predicts there will be more than one billion mobile banking users worldwide by 2017. Simultaneously, the roadblocks to mobile payments are disappearing with solutions such as host-card emulation and secure-elements, clearing the way for sustained dramatic growth. However, with opportunity comes risks. With increased volumes, mobile-initiated transactions become lucrative targets for hacking and fraud. According to a study by RiskIQ, more than 11% of all Android banking applications are suspicious and potentially contain malware. Mistral Mobile’s m-Aegis Mobile Integrity provides a comprehensive solution combining multiple factors such as device fingerprinting, SIM validation and usage data to maximize the integrity and create a high-confidence, no-gap verification model without compromising user experience.

Presenters: CEO Ludwig Schulze and Paul Yoo, chief commercial officer

IMG_9491

IMG_9494

Product Launch: February 2015

Metrics: 15+ employees
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Oulu, Finland and New York City, New York
Founded: June 2012
Website: mistralmobile.com
Twitter: @MistralMobile

Bento’s Platform Helps Small Businesses Better Manage and Control Expenses

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

Bento_logo_box_snaggit_resizeBento‘s platform enables small businesses to take control of their expenses.

Bento’s first offering, the Bento MasterCard, is a prepaid commercial card solution built just for small businesses. Business owners can set rules by employee, amount, time and category before anyone can spend a dime. Bento cards bear the employee’s name and can be enabled and disabled in a second with just one click. Real-time dashboards enable business owners to see everything in one place and quickly track expenses by place, employee, project, category and more. Bento makes spend management and bookkeeping painless.

Presenters: Farhan Ahmad, CEO and founder, and Sean Anderson, chief product officer and founder

IMG_9478

IMG_9483

Product Launch: March 2015

Metrics: Raised a seed round of $2.5 million from VCs and private investors; 8 employees and growing
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: San Francisco, California
Founded: January 2014
Website: bentoforbusiness.com
Twitter: @bentoforbiz

RAGE Frameworks Presents LiveCredit, Enabling FIs to Build Their Own Innovations

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

artwork_rage_logo_its_possibleRAGE Frameworks‘ LiveCredit solution enables FIs to build a variety of financing products.

RAGE LiveCredit is a flexible, scalable origination and servicing solution that can enable the design and launch of any financing product end-to-end from ordination and underwriting, to booking and servicing. LiveCredit is designed to enable a financial institution to implement its creative ideas and needs in terms of new products, new underwriting rules including dynamic pricing, compliance rules, and accounting, in near real-time fashion. LiveCredit enables this configurability through a dynamic and flexible Product Configurator, which rapidly facilitates the configuration of the entire lifecycle related to a product without any need for programming.

Presenters: Aashish Mehta, SVP, banking solutions, and Nick Adams, VP, banking solutions

IMG_9463

IMG_9469

Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Dedham, Massachusetts
Founded: 2007
Website: rageframeworks.com

CBW Bank Launches ONE Card, Developed by Yantra

cbw_newlogo

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

CBW Bank debuts a new payment tool, the ONE Card:

CBW Bank recently launched a new payment tool, ONE Card, to provide its customers access to a safe and convenient alternative to traditional bank accounts. Developed by Yantra Financial Technologies, the solution gives banks, program34 managers, and corporate clients access to a powerful and flexible platform, designed to support a wide range of product categories. including direct deposit, money transfers, and payroll. ONE Card account holders have access to all of the features and functionality of a traditional bank account. However, one key differentiator is that ONE Card does not require a credit check for approval, and users are able to send money to anyone in the United States, and soon internationally.

Presenters: Suresh Ramamurthi, chairman, and Randy San Nicolas, head of payments

IMG_9454

IMG_9456

HQ: Weir, Kansas

Founded: CBW Bank was founded in 1892, and acquired by its current owners in 2009

Website: cbwbank.com

Alpha Payments Cloud Presents AlphaHub, its Omnichannel Solution Access Platform

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

AlphaPaymentsCloudLogoAlpha Payments Cloud is demonstrating its omnichannel solution access platform, AlphaHub.

Through the AlphaHub, connected banks, merchants, MSPs and ISOs gain access to any solution provider in the world. The AlphaHub is an omnichannel solution access platform that enables merchants to connect to service providers in a simple and scalable way, through a single integration. The depth and range of connected service providers and solutions span across the entire transactional, risk management and commerce solution spectrum, with more than a hundred third-party solutions and a suite of white-labeled products currently available. Additionally, the AlphaHub proprietary orchestration engine enables users to customize down to the individual transaction layer, leveraging each solution’s unique functionality and benefits.

AlphaPaymentsCloud CEO, Oliver Rajic, standing

IMG_9437

IMG_9444

Product Launch: November 2014

Metrics: Series A funding: $12M
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Singapore
Founded: June 2012
Website: alphapaymentscloud.com
Twitter: @AlphaPayments

LoanNow Uses Motivational Lending to Help Borrowers Reduce the Cost of Credit

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

LoanNow-logo-noTM-flatLoanNow is introducing a new way to co-sign loans; it’s called “Group Signing.”

LoanNow is debuting a groundbreaking new form of loan co-signing called “Group Signing” as part of its motivational lending platform. Group Signing amplifies the traditional benefit of a co-signer by leveraging crowdsourcing technology to share the risk among a broader group of people in smaller allotments. This lowered risk profile allows LoanNow to actively pass along its own risk savings in the form of a lower APR during the loan lifecycle. Combined with other active APR reduction incentives LoanNow now offers, Group Signing has the potential to save borrowers significant amounts of money in interest payments.

Presenters: Harry Langenberg, CEO and co-founder, and Miron Lulic, president, COO and co-founder

IMG_9432

IMG_9428

Product Launch: May 2015

Metrics: $5M raised, $3M in loans issued to clients, 25 employees
Product distribution strategy: Direct to Consumer (B2C)

HQ: Santa Ana, California
Founded: June 2013
Website: loannow.com
Twitter: @loannow

FundAmerica Presents its SaaS Compliance Platform for Crowdfunders

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

FundAmericaLogoFundAmerica is demonstrating its SaaS compliance solution for emerging crowdfunders.

FundAmerica is a technology, software-as-a-service, and compliance solutions provider to the emerging crowdfunding industry. Our back-end compliance tools, including escrow, AML, payment processing and state dealer representation enable investment advisers, broker-dealers, listing services, and other platform types to operate legally and efficiently in their business of technology-driven capital formation pursuant to rules 506(c), 506(b) and, eventually, Reg A+ and rule 4(a)(6) crowdfunding.

Presenters: Scott Purcell, CEO and founder, and Scott Anderson, general counsel

IMG_9407

IMG_9415

Product Launch: December 2014

Metrics: $2.25M angel funding to date; 9 employees; 125 crowdfunding platforms signed up; 40+ escrows opened in first 3 months
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Las Vegas, Nevada
Founded: November 2011
Website: fundamerica.com
Twitter: @FundAmerica