FinovateSpring 2015 Archives - Page 5 of 8

Cloud Lending Solutions Launches CL Exchange

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Cloud Lending, FinovateSpring 2015

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

Cloud Lending Solutions debuted CL Exchange, a lending solution built natively on Salesforce.com:

Imagine Lending Club, Prosper, and other leading online lenders exchanging consumer or business loan applications within a global exchange. This CL Exchange is where business and consumer loan applications are exchanged among participating online marketplaces and lenders so that they can source the best possible loans for each company’s portfolio.

CL Exchange presenter: Snehal Fulzele, CEO, co-founder

Product Launch: May 2015

Metrics: Money raised to date: $2.25M pre-series A funding; annual sales growth: 250%; number of customers: 58; global footprint: deployed in 18 countries worldwide; number of employees: 55
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: San Mateo, California
Founded: November 2012
Website: cloudlendinginc.com
Twitter: @cloudlending

Share this:

Send Post Twitter LinkedIn Facebook

WealthForge Launches Invest Button

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: FinovateSpring 2015, WealthForge

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

WealthForge debuted its Invest Button:

With our Invest Button, issuers and intermediaries now have a technology-enabled, turnkey solution to outsource back-office tasks to complete a private securities transaction. This full-featured platform provides everything needed from beginning to end to process the transaction, including compliance, escrow management, reporting and more.

Invest Button presenters: Arthur Weissman, head of sales and marketing; Mat Dellorso, co-founder

Product distribution strategy: Direct to Business (B2B)

HQ: Richmond, Virginia
Founded: 2011
Website: wealthforge.com
Twitter: @wealthforge

Share this:

Send Post Twitter LinkedIn Facebook

Dealstruck Debuts Line of Credit Borrower Portal

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Dealstruck, FinovateSpring 2015

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

Dealstruck launched a portal that helps borrowers manage their line of credit:

Dealstruck is debuting its new Line of Credit Borrower Portal, which allows its borrowers to seamlessly manage their revolving credit with Dealstruck. Borrowers can see their current balance and amount available for draw, update their borrowing base by linking their QuickBooks-based invoices, reconcile check payments that have been received to pay down the outstanding balance, and make other adjustments to their accounts.

Presenters: Ethan Senturia, CEO and co-founder; Russell McLoughlin, CTO and co-founder

Product Launch: May 2015 at FinovateSpring 2015

Metrics: Dealstruck has a team of 40 and has lent $50M. Dealstruck raised a total of $4.5M seed round in 2013 and $8.5M in a Series A round March 2015, led by Trinity Ventures.
Product distribution strategy: Direct to Business (B2B)

HQ: Carlsbad, California
Founded: June 2012
Website: dealstruck.com
Twitter: @dealstruck

Share this:

Send Post Twitter LinkedIn Facebook

GlobalGateway from Trulioo Gives Businesses Bank-grade Online ID Verification

By David Penn Posted on May 12, 2015
Categories: FinovateSpring 2015, Trulioo

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

Trulioo is demonstrating its ID-verification technology.

Trulioo’s bank-grade identity-verification product, GlobalGateway, enables businesses to perform frictionless online identity verification for more than 3 billion people in more than 40 countries via 140 data sources—the widest coverage in the market. GlobalGateway helps businesses meet AML and KYC identity-verification requirements by powering fraud and compliance systems for customers worldwide to help increase trust and safety online. Businesses can access hundreds of trusted and reliable data sources via Trulioo’s Normalized API to verify international customers in real-time, increasing customer acquisition and revenue, while reducing risk and fraud, and fulfilling industry and regional compliance.

GlobalGateway-by-Trulio presenter: Anatoly Kvitnitsky, director of corporate development

Product Launch: August 2014

Metrics: 20 employees; $10M raised; over 3B profiles in more than 40 countries via 140+ data sources; more than 100M cyber identities scored
Product distribution strategy: Direct to Business (B2B)

HQ: Vancouver, British Columbia, Canada
Founded: August 2011
Website: trulioo.com
Twitter: @trulioo

Share this:

Send Post Twitter LinkedIn Facebook

Finicity Launches TxPUSH API

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Finicity, FinovateSpring 2015

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

Finicity debuted its TxPUSH API:

Finicity Data Services is announcing the TxPUSH API for Fintech Apps. App developers using the Finicity API Platform will be able to receive account and transaction data the instant we receive it from all connected FIs.

TxPUSH presenters: Nick Thomas, finicity president; Steve Smith, CEO

Product Launch: June 2015

Metrics: 220 employees; offices in Salt Lake City, Atlanta, and Mumbai. Privately held and funded. Finicity Data Services launched in September 2014 and is a division of Finicity Corporation. In March 2015, after only six months of operation, Finicity Data Services hit 100 signed fintech brand customers building apps on its API.
Product distribution strategy: Direct to Business (B2B)

HQ: Salt Lake City, Utah
Founded: October 1999
Website: finicity.com
Twitter: @finicity

Share this:

Send Post Twitter LinkedIn Facebook

Avoka Demonstrates a Credit Card Application that Reduces Abandonment

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Avoka, FinovateSpring 2015

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

Avoka demonstrated its fast credit card application:

Product and pricing are not differentiators in financial services, but customer experience is. Each additional step in the credit card application process results in higher abandonment and fewer converted customers. Avoka has increased a 36% conversion rate to 51% in just four weeks by focusing on delivering a frictionless customer experience. We are demonstrating combining social, cloud services, and crowd-sourcing into the world’s fastest credit card application. We’ll minimize customer effort and deliver measurably higher levels of account conversion. Because online, seconds matter.

Avoka presenters: Derek Corcoran, chief experience officer; Jeff Kalicki, senior account executive

Product Launch: February 2013

Metrics: Privately held company with 80+ employees globally
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Broomfield, Colorado
Founded: 2002
Website: avoka.com
Twitter: @avokatech

Share this:

Send Post Twitter LinkedIn Facebook

INETCO Analytics Helps FIs Maximize Omnichannel Engagement with Customers

By David Penn Posted on May 12, 2015
Categories: FinovateSpring 2015, INETCO Systems

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

INETCO Systems demoes next with its analytics platform to help FIs make the most of omnichannel customer engagement.

INETCO Analytics provides financial institutions with the game-changing knowledge of where, when and how customers interact with their channels. This application makes it easy for business managers to instantly access the transaction data they need to drive consumer banking engagement strategies and deliver greater profitability across all banking channels.

INETCO presenters: Marc Borbas, VP, product marketing; Dallas Pretty, CFO

Product Launch: January 2015

Metrics: Privately funded; 35+ employees; 100% revenue growth per annum since 2012; global customer base of more than 50 banks, payment processors, telco providers and retailers.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed

HQ: Burnaby, British Columbia, Canada
Founded: June 1984
Website: inetco.com
Twitter: @INETCOAnalytics

Share this:

Send Post Twitter LinkedIn Facebook

Dynamics Teams Up with MasterCard to Launch a New Level of Card Authentication

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: Dynamics, FinovateSpring 2015

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

Dynamics presented its new authentication system that eradicates card compromise, skimming and other fraud:

Dynamics produces and manufactures intelligent, powered cards such as advanced payment cards. The company’s commercial applications are the world’s first fully card-programmable payment interfaces (stripe, EMV, NFC) for use in next-generation payment cards.

Presenters: Jeff Mullen, CEO and founder of Dynamics; Pete Kaulbach, senior business leader of global consumer products for MasterCard

HQ: Cheswick, Pennsylvania
Founded: 2007
Website: dynamicsinc.com

Share this:

Send Post Twitter LinkedIn Facebook

TrueAccord Introduces White-label Version of its Automated Debt Recovery Platform

By David Penn Posted on May 12, 2015
Categories: FinovateSpring 2015, TrueAccord

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

TrueAccord demonstrates the white-label version of its debt-recovery platform.

After offering its services as a branded, third-party collection service, TrueAccord now makes its automated platform available as a white-labeled, SaaS solution. Lenders, issuers, retailers, and debt collectors will now be able to harness the power of true digital, machine-learning-driven communication with their customers and the increased response, recovery and customer satisfaction that come with it. TrueAccord is showcasing the debtor experience as well as the flexibility of controls and data feedback a company can get when it uses TrueAccord’s platform for its debt-collection needs.

Presenters: Ohad Samet, CEO; Nadav Samet, CTO

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

HQ: San Francisco, California
Founded: N.A.
Website: trueaccord.com
Twitter: @trueaccord

Share this:

Send Post Twitter LinkedIn Facebook

SmartAsset Gives Users Tools to Navigate Complex Financial Situations

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: FinovateSpring 2015, SmartAsset

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

SmartAsset showed how it helps users understand complex financial information:

We’ve launched a revamped version of our site that allows the user to navigate through our tools more easily and bring an increased layer of transparency to our recommendations. The new format provides a simpler, more intuitive understanding of how the complex financial decisions users are about to make will impact their finances and lives.

Presenters: Michael Carvin, CEO and founder; Chris Spadafino, VP of sales

Metrics: SmartAsset has raised over $7M and is backed by investors including Y Combinator, Javelin Venture Partners, North Bridge Venture Partners, Quotidian Ventures, Peterson Ventures and more.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Twitter: @SmartAsset
Website: smartasset.com

Share this:

Send Post Twitter LinkedIn Facebook

DoubleNet Pay Takes the Stress Out of Managing Day-to-Day Finances

By David Penn Posted on May 12, 2015
Categories: DoubleNet Pay, FinovateSpring 2015

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

DoubleNetPay is demonstrating how its technology helps consumers save money:

DoubleNet Pay’s easy-to-use software automatically tracks employees’ bill amounts and due dates and seamlessly schedules payments around their paycheck cycles, leaving employees with an exact amount for discretionary spending—without the headaches or guess work. It also automatically sets aside money for savings, helping employees prepare for unexpected expenses and budget for recurring needs. Plus, it takes the stress out of managing day-to-day finances and gives employees peace of mind knowing their bills are paid on time. The remaining pay will go where it has always gone before (bank account, pay card, or paper check) on time, directly from the employer.

Presenters: DoubleNet Pay Co-founders Brian Cosgray and Cody Laird

HQ: Atlanta, Georgia
Founded: December 2013
Website: doublenetpay.com
Twitter: @doublenetpay

Share this:

Send Post Twitter LinkedIn Facebook

DRAFT Uses Crowdsourcing to Analyze Investment Strategy

By Julie Muhn (@julieschicktanz) Posted on May 12, 2015
Categories: DRAFT, FinovateSpring 2015

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

DRAFT showcased its mobile investment analysis tool:

Draft is a crowdsourced investment analysis tool that changes the way people view, think and act when it comes to their long-term investment strategy. DRAFT connects directly to a user’s various bank and investment accounts to show them how the performance, asset allocation, and annual fees of their portfolio compares to that of top performers in their category. Through a simple side-by-side comparison, the user can quickly find opportunities to fill allocation gaps and lower fees. DRAFT makes it easy for users to switch to a better long-term strategy through its strategic online investment partners.

Presenters: Co-founders Brad Lawler, president; Jason St Peter, CEO

Product Launch: May 2015

Metrics: $650,000 Seed round; 10 employees; pre revenue, 4,000 and growing user waitlist
Product distribution strategy: Direct to Consumer (B2C)

HQ: Austin, Texas
Founded: October 2014
Website: draftapp.com
Twitter: @draftinvest

Share this:

Send Post Twitter LinkedIn Facebook