Moven Drives Savings and Short-term Credit Using User Behavior

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

MovenLogo2015Moven showcased how it uses customer behavior to incentivize savings and short-term credit:

Moven is building real-time contextualized notifications and interactions that create gamified money moments. Today’s demonstration will debut a behaviorally based approach to driving savings and short-term credit. In addition Moven, in partnership with Accenture, will announce a number of additional global banking partners.

Presenters: CEO Brett King and Alexander Sion, Moven President

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Product Launch: June 2015

Metrics: $12.5M raised in 2 rounds (Seed/A); 34 employees in New York City and Philadelphia; projected revenue of $5.5M (2015); 500,000 users in two countries (U.S.A./New Zealand)
Product distribution strategy: B2C in the U.S.; B2B2C internationally

HQ: New York City, New York
Founded: April 2011
Website: moven.com
Twitter: @getMoven

itBit Debuts its Global Bitcoin Exchange

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

Kicking off Day Two at FinovateSpring 2015 is itBit debuting its bitcoin trading platform:

itBit offers an institutional-grade exchange that is available to traders around the world. Our innovative platform, created for retail and institutional clients, adheres to the strictest levels of regulatory compliance. The exchange supports both REST API and the Financial Information Exchange (FIX) protocols to serve sophisticated traders.

Presenters: Bobby Cho, director, institutional client group, and Dara Orlando, senior director of marketing

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Product Launch: November 2013

Metrics: 32 employees; thousands of customers around the world use the exchange, from large financial institutions to major bitcoin merchant processors to individual enthusiasts; to date, the company has raised more than $30+ million in funding.

HQ: New York City, New York
Founded: 2012
Website: itbit.com
Twitter: @itbit

Hedgeable’s Robo-advisor 2.0 Platform Automates Risk-managed Investing

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

Hedgeable logo - Updated 4.6 copyHedgeable presented its robo-advisor 2.0 platform.

Hedgeable’s robo-advisor 2.0 platform allows any investor with an IRA, rollover, taxable, trust, 401(k), or business account to manage a customized low-cost, risk-managed portfolio with as little as $5,000 in 5 minutes. Hedgeable is hugely disruptive because it brings an ultra-high-net-worth allocation to emerging affluent investors who are traditionally shut out from accessing sophisticated investing solutions.

Hedgeable’s platform is not your typical cookie-cutter robo-advisor. It includes dozens of automated stock and ETF portfolios featuring sophisticated features such as downside protection, tactical management, and access to alternative asset classes such as bitcoin, private equity, gold, and real estate. All portfolios are customizable using complex data science and 100+ proprietary investment technology systems created by Hedgeable’s team of world-renowned technologists.

Hedgeable’s investing platform is distributed direct-to-consumer online and also licensed to RIAs, planners, trusts, banks, and other partners around the globe.

Presenting CEO Michael Kane, master sensei, and Matthew Kane, co-founder and chief ninja

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Product Launch: May 2015

Metrics: $1.85M raised to date
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms, licensed

HQ: New York City, New York
Founded: April 2009
Website: hedgeable.com
Twitter: @hedgeable

Dwolla Demos Bank-level Tokenization

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

Dwolla showed how FiSync works with large financial institutions:

In this demo, attendees are getting an insider’s view into Dwolla’s real-time technology by witnessing some of the applications that have been built on the Dwolla platform. For example, Dwolla CEO, Ben Milne, will offer an overview of Dwolla’s unique approach to authentication and user discovery (through Dwolla’s directory technology) and walk through how these two features are currently being integrated into one of the world’s largest financial institutions and a growing number of application partners. The live bank-level tokenization model eliminates the threat of providing personal information (i.e. bank credentials or routing and account numbers) to a third-party or having to later tokenize the data downstream.

Presenters: Jordan Lampe, director of communications, and Chad Ballard, director, mobility and digital business technology, BBVA Compass

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Metrics: $32.5M in funding; more than 70+ employees across 4 offices (San Francisco, DSM, Kansas City, New York City)
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Des Moines, Iowa
Founded: December 2008

Website: dwolla.com
Twitter: @dwolla

With SayPay, Consumers Speak a Code to Pay Bills

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

SayPayLogoSayPay announced a partnership with VoiceVault and introduced its bill pay and secure web sign-in:

When billers include a one-time “SayPay code” on their bills, customers simply speak the code into their mobile banking app without needing to sign in! SayPay biometrically authenticates the customer’s voice, matches the code to the bill, and displays the bill details. Upon review, the customer simply presses “Pay.” SayPay also works for ecommerce checkout, website sign in, P2P payments, step-up authentication, and more. The SayPay code is cryptographically calculated so it can’t be predicted, replicated, reused, or replayed. Further, SayPay uses out-of-band and three-factor authentication and never provides sensitive financial information.

Presenters: Steve Hoffman, CEO and founder; Julia Webb, technology consultant

Product Launch: May 2015

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

HQ: Pleasanton, California
Founded: February 2014
Website: saypaytechnologies.com
Twitter: @saypaytech

Digital Insight Previews its Mobile Banking App with Beacons

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

DigitalInsightLogoDigital Insight is demonstrating how it incorporated beacon technology into its mobile banking app.

Digital Insight is illustrating the use of beacons within its mobile banking app. Digital Insight is designing more personalized, relevant, and contextual experiences based on knowledge of a user’s location. Beacons are one way of using the context of location to better tailor a user’s experience in banking branches and give financial institutions additional data on their customers to engage with them more effectively and offer them the right products and services.

Presenters: Marshall Yuan, senior product manager; Ronald Yeung, engineering lead

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Product Launch: Digital Insight has conducted a pilot with one financial institution. Based on what is learned from the pilot, Digital Insight will expand the availability to other financial institutions later in the year.

Metrics: Digital Insight has a customer base of approximately 900 financial institutions; end users number 12M online banking and nearly 4.8M mobile banking. Digital Insight was acquired by NCR (NYSE: NCR) in January 2014.
Product distribution strategy: Through financial institutions

HQ: Redwood City, California
Founded: July 1995
Website: digitalinsight.com
Twitter: @Digital_Insight

Someone With Group Presents its White Label Crowdfunding Platform to Help Patient Pay Medical Bills

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

SomeoneWithGroupLogoSomeone With Group is our next presenter with its platform that provides funding for patients needing help paying medical bills.

Someone With Group’s white-label crowdfunding platform provides a new source of funds for hospital-sponsored patients struggling to pay their medical bills. Using our online toolkit and live coaching, patients create fundraising campaigns and broadcast those campaigns via social media and email.

The Someone With Group solution verifies patients’ identities, is HIPAA- and banking-regulation compliant, and adheres to anti-money-laundering practices. Contributions are loaded onto a GPR MasterCard debit card. Spending is restricted to medical bills and medical supplies.

Presenters: Paula Jagemann-Bane, CEO and founder; Matt Pomrink, COO and president

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Product Launch: January 2015

Metrics: Some With Group has raised over $3M from its founder, with modest friends-and-family support; first revenue, November 2014; 9 employees; 8 outsourced technologists.
Product distribution strategy: Direct to Business (B2B)

HQ: Frederick, Maryland
Founded: October 2013
Website: someonewithgroup.com
Twitter: @Some1WithGroup

 

Kabbage Launches the Kabbage Card

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

KabbageLogo2015Kabbage showed how its Kabbage Card enables small businesses to carry a line of credit in their pocket.

Kabbage is introducing the Kabbage Card, the company’s first tangible product that allows small businesses to carry their Kabbage credit line in their pocket to pay for inventory, office supplies, and anything needed to keep a business running. Kabbage customers will gain immediate access to their Kabbage loan without having to transfer funds into their PayPal or business checking account. Swiping their Kabbage Card will immediately deduct the transaction amount from the customer’s available funds. In addition, customers will immediately have access to view all transactions within their Kabbage account, as well as receive transaction confirmation via SMS text. This new initiative is part of a broader “Kabbage Everywhere” product expansion that includes the ability to sign up through a mobile-responsive site, access funds through mobile devices, and take 12-month loans in addition to the traditional 6-month loans.

Presenters: Michelle Sirpak, director of payment operations; Jason Dell, head of product

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Product Launch: May 2015

Metrics: Approximately 170 employees, $106M in equity raised
Product distribution strategy: Direct to Business (B2B)

HQ: Atlanta, Georgia
Founded: February 2009
Website: kabbage.com
Twitter: @kabbageinc

Whodini Uses Beacons to Help Merchants Engage with Customers

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

Whodini LogoWhodini showed off its BLE Beacon and mobile app for customers and merchants:

It’s all about the “Who” in Whodini! Merchants open the Whodini box, peel and stick the Whodini beacon on a wall, set up their online and mobile accounts in five minutes, and they are live and operating. Whodini will demo the magical “Know Your Customer” service. Consumers download the Whodini app and create their customer profile, in return for a modest in-store reward. Afterwards, each time that a customer walks through the door, merchants and employees instantly see the customer’s unique profile. We do this all with BLE beacons, our merchant app, our consumer app, and our SaaS service.

Presenters: Brian Lawe, CEO; David Schachne, executive VP

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Product Launch: May 2015

Metrics: Whodini has a solid history of running marketing services for 20,000+ SMB merchants. The new Whodini service is its biggest and most exciting service launch in 10 years. Whodini is in live pilot, in use by consumers, and provides three integrated-marketing services for merchants. Within the last year, the company tripled its employee base, added executive talent, raised over $500k and is now ready to expand Whodini across the U.S.

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

HQ: Westport, Connecticut
Founded: September 2004
Website: whodini.net

StockViews Helps Investors by Crowdsourcing Alpha Instead of Opinion

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

StockViews logo - Updated 4.1 copyStockViews is presenting its investing platform that crowdsources the insights of top-rated analysts.

The “StockViews Signal” aggregates the recommendations of our top-rated analysts into a unique and powerful buy or sell signal. Previous attempts to crowdsource market wisdom have failed, because the result tends to mirror the conclusion already reached by the market (the market itself is a crowdsourcing mechanism). Instead of crowdsourcing opinion, we crowdsource alpha by aggregating opinions only of analysts who have demonstrated a consistent track record of beating the market.

Presenters: At left, Tom Beevers, CEO and co-founder; at computer, Tara Hyland

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Product Launch: May 2015

Metrics: StockViews has more than 500 active analysts contributing ratings directly to the platform. Over 23,000 ratings have been created since May 2014.
Product distribution strategy: Direct to Business (B2B)

HQ: London, England, United Kingdom
Founded: May 2014
Website: stockviews.com
Twitter: @stockviewsnews

Currency Cloud Launches Payment Engine to Simplify International Payments

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

Currency Cloud debuted its Payment Engine Two with enhanced API:

Currency Cloud Payment Engine is built by developers, with developers in mind. By building a sophisticated payment engine, we have taken the complexity out of international payments both for our clients, who are developing game-changing services on top of the Payment Engine, and for our clients’ customers.

Payment Engine Two presenters: Todd Latham, VP marketing; Rachel Nienaber, VP engineering

Product Launch: May 2015

Metrics: Money raised: $18M series A & B; processed over $10B in payments; 80 employees; 150,000 end users; 120 direct platform clients; website traffic: more than 10,000 visitors a month
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: London, England, United Kingdom
Founded: January 2012
Product Demoed: Payment Engine Two with our newly enhanced API
Website: currencycloud.com
Twitter: @currency_cloud

Onovative Presents Core iQ to Make Customer Data More Extractable and Actionable

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

onovative logo2The co-founders of Onovative are demonstrating Core iQ to help FIs make the most out of customer data:

Banks and credit unions have an abundance of customer data already present in their current software systems. The problem is, that data isn’t easily actionable or extractable when they want to use it to communicate with customers. Core iQ connects to those systems in a secure manner, behind the firewall, to enable automatic communication and cross-selling through email, SMS text, direct mail, and many other channels.

Core iQ presenters: Co-founders Michael Browning and Clay Turner

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Product Launch: September 2014

Metrics: We have 6 employees and raised $400,000 in August of last year. Our financing round was completely filled within 20 days. Our founders have had successful exits in the past with other technology companies.

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed.

HQ: Jeffersonville, Indiana
Founded: June 2013
Website: onovativebanking.com
Twitter: @onovative