Ideon FS Archives

“The CHOICE direct-to-consumer model that is currently in development allows users to create their own savings and/or investment solutions from the convenience of any channel and device by selecting the term, guaranteed minimum rate, liquidity and source of additional potential return, all with the security of FDIC insurance, in a completely transparent, clear and honest manner.

The search for income in a low yield environment creates unwanted risk for many consumers. With CHOICE, that problem is removed. Furthermore, in an improved rate environment, CHOICE is able to offer consumers significantly higher returns than they can obtain through traditional players.”

Product Launched: Expected 2Q 2013

HQ Location: New York, NY

Company Founded: December 2011

Website: choicefs.com

Twitter: @CHOICEFS

Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)

Introducing Daniel Smith (CEO) and Inigo San Martin (Head of U.S. Operations & Product Development)

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FinovateFall 2012 Sneak Peek: Part 3

By Julie Muhn (@julieschicktanz) Posted on August 27, 2012
Categories: Akamai, Banno, Blackhawk Network, CK Mack, Euronovate, FinovateFall 2012, Finovera, Ideon FS, IDology, Leadfusion, Manilla, mShift, PlayMoolah

Here is third and final look at the companies that will demo at FinovateFall September 12 &13 in NYC. Each company provided a short summary of the innovation they will debut on stage. In case you missed them, check out Sneak Peek Part 1 and Sneak Peek Part 2.

Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateFall ticket here.

__________________________________________________________________

Akamai

Web-based attacks have been on the rise, and financial services is one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation.

Akamai’s Kona Site Defender is the first cloud-based Web security solution to help financial services institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications, and associated data.

Innovation type: banking, online, security

Banno

Banno brings instant pre-transaction insights derived from location, historical spending outliers and upcoming bills to its mobile experience.

When looking at bank statements, people naturally perform regression analysis and predictive modeling to find outliers in spending. In other words, Where did my money go? We feel that everyone needs more absolute data points to help in this decision process. Grip’s dashboard provides easy access to your immediate historical financial perspective, allowing insight into spending over time while exposing anomalies with transaction level patterns ordered by what’s most important today.

Innovation type: Mobile, payments, PFM

Blackhawk Network

Gift cards represent an estimated $110+ billion business in 2012. Consumers have $40 billion in unspent funds and are clamoring for digital solutions as well as connections to their favorite brands. Increasingly, these branded currencies are becoming a larger portion of the commerce cycle and consumer wallets. Retailers, merchants, financial institutions, digital wallets and marketers are all looking to capitalize and participate in this space.

At Finovate, Blackhawk is premiering its GoWallet Digital Services. These services help a host of digital players power deep engagement with consumers while creating new revenue streams through prepaid branded currencies.

Innovation type: Cards, mobile, rewards

CK Mack

CK Mack announces the debut of its innovative investment platform featuring an investment product based on a tangible, insured asset; Rented Real Estate.

Real Estate has been a haven for the wealthy investor since the dawn of time. Now anyone will be able to share in the cash flow of rental property without the high dollar buy-in previously needed to invest in this profitable market. Current low interest rates and market insecurity combine to make CK Mack an exciting option for portfolio diversification.

Innovation type: Investing

Euronovate SA

Euronovate is a “Zero paper company” aiming to transform every legal paper signed into an ab-origine electronic document with the same legal validity in all verticals worldwide. The new Pad Ensign10 and software platform ENsoft provide better legal and security management for electronic signature.

Euronovate is the first company to offer an end-to-end approach with legal support for electronic signature rules, process reenginering, system integration, hardware, software platform and digital archiving. Customers benefit from lower costs, a more efficient process, and an overall better experience.

Innovation type: Back office, sales, security

Finovera

Finovera is your free personal bookkeeper. It is the easiest and most convenient way to receive, organize and manage household bills, financial statements and important family documents – all in one secure digital file cabinet. Users link their accounts once, and Finovera automatically brings in new bills and statements, making bil
l workflow management hassle-free.

Finovera disrupts the old way of dealing with paper documents and brings the simplicity, efficiency and convenience to household information management. Finovera helps banks and credit unions to reduce customer service costs, increase customer satisfaction and deepens relationships to maximize customer wallet share.

Innovation type: Mobile, payments, PFM

IDEON-CHOICE

The CHOICE direct-to-consumer model allows retail customers to create individualized savings and/or investment solutions from the convenience of any channel and device by selecting the term, guaranteed minimum rate, liquidity and source of additional potential return, all with the security of FDIC insurance, in a completely transparent, clear and honest manner.

Innovation type: Back office, banking, investing, mobile, online

IDology

See the next generation in knowledge-based authentication – a SaaS solution that allows businesses to present custom, out-of-wallet questions to consumers using their own data.

IDology’s ExpectID Enterprise gives banks the ability to generate out-of-wallet questions using their internal proprietary customer transactional data located behind their firewall and without ever having to share that data with us. It is time to replace your shared secret questions (What is your mother’s maiden name?) with a higher security model that isn’t compromised by social media or vulnerable to account take overs. Be able to meet FFIEC compliance guidelines while creating a safer authentication method on high-risk transactions.

Innovation type: Identity, security

Leadfusion

See how the vexing problem of cross-channel integration has finally been solved! Financial institutions can now seamlessly connect the online and branch experience for consumers as they shop for financial products.

A consistent consumer experience, easy ‘take your work with you’ cross channeling, best practice branch consultations, helpful product guidance, higher conversion rates, increased brand loyalty – just some of the many compelling benefits of Leadfusion’s new Cross Channel Selling solution. Unveiled publicly for the first time at FinovateFall 2012, from the leader in financial experience management.

Innovation type: Banking, marketing, sales

Manilla

Manilla.com is a free, award-winning service that helps consumers manage everything in their lives in one place. Using just one password, consumers can track their financial accounts, household accounts and utilities, subscriptions, daily deals, and travel rewards, all through Manilla.com or Manilla mobile apps.

Manilla stores account documents, sends reminders to help avoid late fees, and gives consumers a complete overview of their accounts, all through a clean, simple interface. For businesses, Manilla decreases costs by moving customers to paperless billing, accelerates revenue by driving on-time payments, and offers a powerful marketing platform for businesses to engage their customers.

Innovation type: Communications, mobile, PFM

MShift

MShift presents AnyWhereMobile: a new payment network that enables Community Banks and Credit Unions to become the issuers of mobile wallets.

Simultaneously, the AnyWhereMobile payment network will multiply the net Interchange income of both debit and credit for Community Banks and Credit Unions, slash the merchant discount fees borne by merchants by more than half and eliminate the majority of fraud. The huge savings generated by AnyWhereMobile empowers merchants to generate more merchant-centric rewards and discounts for consumers.

Innovation type: Banking, cards, payments

PlayMoolah

PlayMoolah is on a mission to change the way kids and teens use their money! We design fun technologies for kids to experience money management to earn, spend, save, invest, and give. Through real dollars, real action, and real impact, we hope for kids to take control of their money, and become empowered by using it to live their dreams and create value for the world.

Innovation type: Marketing, online, PFM

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Finovate Alumni News– May 29, 2012

By Julie Muhn (@julieschicktanz) Posted on May 29, 2012
Categories: Acculynk, Bobber Interactive, Dwolla, Ideon FS, Kabbage, Lovemoney.com, PayPal

Lovemoney.com releases new iPhone app.

GeekWire examines Bobber Interactive’s move to hire a behavioral economist.

Des Monies Register reports Entrepreneur magazine includes Dwolla in ‘100 Brilliant Companies’ list.

TechCrunch reports PayPal rolls out to 15 more national retailers, announces deals with 6 top POS software and terminal makers.

Payments Journal reports Acculynk to Pilot P2P Product.

Kabbage named Red Herring Americas Top 100 Winner.

CHOICE Savings Division of IDEON Financial Solutions releases new self-service multi channel solution.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni at BAI Retail Delivery Conference

By Julie Muhn (@julieschicktanz) Posted on October 10, 2011
Categories: ACI Worldwide, Adobe, Arroweye Solutions, BillShrink, Cardlytics, CashEdge, ClairMail, Dynamics, Equifax, Experian, FIS, Fiserv, FreeMonee, Guardian Analytics, Ideon FS, Kony Solutions, Lodo Software, MasterCard, mFoundry, Mitek, oFlows, On Deck Capital, PayPal, ProfitStars, Q2ebanking, SafetyPay, Sybase 365, Truaxis, VISA, Yodlee

The BAI Retail Delivery conference begins tomorrow with 29 Finovate alumni participating in sessions and/or exhibiting on the trade show floor.

Session Speakers

Tuesday, Global Game-Changer Session
Speaker: Jim Taschetta from FreeMonee

Wednesday, Technology for Business Summit
Speaker: Mitch Jacobs from On Deck Capital

Wednesday, Technology for Business Summit Session
Speaker: David Eads from Kony Solutions

Thursday, Technology for Business Summit Session
Speaker: Eric Connors from Yodlee

Thursday, Marketing & Product Management Summit Session
Speaker: Rod Witmond from Cardlytics

Exhibitors

BAI Mobile Link

David Youker from Sybase 365
Carl Tsukahara from Clairmail
Drew Hyatt from Mitek Systems

Mobile Link Panel Discussions

Jeff Mullen from Dynamics
Dan Schatt from PayPal
Drew Sievers from mFoundry

Solutions Theatre

Jeff Mullen from Dynamics
Matthew Lifshotz & Inigo San Martin from Ideon Financial Solutions

Jim Bruene and I (julie@netbanker.com) will be in attendance and will update the blog and Twitter with new developments throughout the event.

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Alumni News — Week of July 25, 2011

By Julie Muhn (@julieschicktanz) Posted on August 1, 2011
Categories: ClairMail, Clovr Media, Confident Technologies, Currensee, Doxo, Dynamics, eToro, Geezeo, Ideon FS, IDTheft 911, Intuit, Lending Club, Metavante, mFoundry, Micronotes, Prosper, Syphr

Clairmail

Clairmail chose Jigsaw’s Data Cloud to help its mobile banking client improve marketing and receive more leads. During vendor trials it saw an increase in productivity, response rates, sales, and marketing effectiveness. Link

Clovr Media

Boston Business Journal reported that Clovr Media is preparing for the launch of its credit

card-linked offers at the end of the fourth quarter by hiring 12 new staff members. Link

Confident Technologies

Confident Technologies released a two-factor mobile phone authentication platform that requires the user to memorize images. Because this second factor security is not stored on the user’s device, it mitigates the opportunity for Zeus-in-the-middle attacks. Link

Currensee

The Forbes blog looks at Currensee for social foreign exchange investing, paying special attention to its rapid growth rate. Link

doxo

The Entrepreneur blog compared doxo’s document storage and online payment system to PayPal, citing that the cost to collect payment is less than half of a typical PayPal transaction. Link

Dynamics

The Pittsburgh Business Times interviewed Jeff Mullen, CEO of Dynamics, Inc on the naming of the company. Link

eToro

The Forbes blog looked at eToro for social foreign exchange investing, paying special attention to its rapid growth rate. Link
The World Finance Awards selected eToro as Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider. Link

Geezeo

Geezeo was selected by The Coca-Cola Family Credit Union to provide a PFM solution and integrated marketing platform. Link

Ideon Financial Solutions

Ideon Financial Solutions was granted a patent for its Choice Savings technology, a system that allows financial institutions to provide their clients with a variety of customizable savings products. Link

Identity Theft 911

Identity Theft 911 partnered with Arabella Protection Insurance Company to offer commercial data breach services like preparedness and response. Link

Intuit

TechCrunch reported that Intuit launched a QuickBooks mobile app for the Android that

allows small businesses to access their data from QuickBooks Pro, Online, and Premier. Link

Lending Club

American Consumer News provided a comparison guide for borrowers and lenders to Prosper’s and Lending Club’s services. The benefits included high rates of return and flexibility. Link
Brian Wong’s Database blog looked at what its like to invest in Lending Club. He presented his opinion on the usability of the service. Link

Metavante

EverBank, a $7 billion Internet bank, announced that it is seeking to be an early adopter of Metavante’s customer information management product, a product that was built from the Temenos Core Banking Platform, a result of the partnership formed in 2007. Link

mFoundry

NEFCU added a mobile app for the Android, using mFoundry’s technology to offer account balances, check history, transfers, and bill pay. This is in addition to its existing apps for Blackberry and the iPhone. Link

Micronotes

1st Advantage Federal Credit Union, a major Virginia credit union, announced that it will use

Micronotes’ cross-sell engine, KulaX, to improve lead generation. Link

Prosper

American Consumer News provided a comparison guide for borrowers and lenders to Prosper’s and Lending Club’s services. The benefits included high rates of return and flexibility. Link

Syphr

Syphr was among 6 out of 90 fintech companies selected by the Fintech Innovation Lab who will present their innovations to Wall Street venture capitalists. Link

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Last Chance for FinovateSpring Early-Bird Tickets — Only 2 Days Left to Save!

By Eric Mattson Posted on March 30, 2010
Categories: Backbase, Bill.com, Billeo, Bobber Interactive, Check Point, ConsumerDirect, Continuity Control, Controlabill, Cortera, Cross Commerce Media, DebtGoal, eRollover, Expensify, FinovateSpring 2010, Fiserv, FTRANS, Garland Group, Ideon FS, Jemstep, Kabbage, Liqpay.com, MoneyAisle, oFlows, Pageonce, Point of Wealth Systems, SafetyPay, Segmint, TSYS, UBank, VISA, Wikinvest, Worklight

Just a quick reminder that the early-bird ticket prices for FinovateSpring 2010 (May 11, San Francisco) will expire at the end of March (less than 2 days from now). If you register by March 31, you’ll save $100 on your ticket and lock in your spot to see debuts and demos of dozens of new financial and banking technological innovations.

We’ve handpicked an amazing list of companies to demo their latest including:

Tickets are selling well with hundreds of registered attendees from great organizations like:

AARP
BNP Paribas
CBS
Experian
Google
Intuit
Kaiser Permanente
Mechanics Bank
Tower Group
USAA
Visa

Aite
Capital One
Celent
Filene
H&R Block
Jack Henry
Motley Fool
Target
PayPal
US Bank
Wells Fargo

Alliant Credit Union
Canaan Partners
Discover
Forrester Research
ING DIRECT
Highland Capital
Javelin Research
NY Times
TransUnion
Venrock
Wired Magazine

FinovateSpring is one of our twice-yearly showcases of the best new ideas in banking and financial technology. The show is built around a unique blend of fast-paced demos of actual technology (no slides!) and high-quality networking with an audience of senior FI executives, fintech entrepreneurs, VCs, press, industry analysts and bloggers. It’s an awesome environment to find your next competitive edge.

Don’t miss out on the early-bird price on your ticket to this great show. Register now!

P.S. Online Banking Report subscribers are entitled to an extra discount to our Finovate conferences. Email me to get it.

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

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FinovateSpring 2010 Demo Companies Revealed

By Eric Mattson Posted on March 17, 2010
Categories: Backbase, Bill.com, Billeo, Bobber Interactive, Check Point, ConsumerDirect, Continuity Control, Controlabill, Cortera, Cross Commerce Media, DebtGoal, DeviceFidelity, eRollover, Expensify, FinovateSpring 2010, Fiserv, FTRANS, Garland Group, Ideon FS, Jemstep, Kabbage, Liqpay.com, MoneyAisle, Monitise, oFlows, Pageonce, Point of Wealth Systems, SafetyPay, Segmint, Silver Tail Systems, TransUnion Interactive, TSYS, UBank, VISA, Wikinvest, Worklight

We’re very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. The quality of the new ideas that will be demoed on stage is very high this year and we’re incredibly excited to showcase them to you.

The demoing companies selected (that we can reveal so far) are:

These companies will be showcased to an audience of senior financial/banking/credit union executives, influential press, industry analysts, venture capitalists, bloggers, tech companies and entrepreneurs.

A sampling of the great organizations already registered to attend includes: AARP, Aite, Alliant Credit Union, BNP Paribas, Capital One, Celent, Discover, Experian, Fidelity, Filene, Forrester Research, Google, Highland Capital, Intuit, Javelin Strategy, Jack Henry, Mechanics Bank, Motley Fool, NY Times, PayPal, Tower Group, USAA, US Bank, Venrock, Wells Fargo, and Wired Magazine.

We’d love to have you join us at the spring event and watch the future of finance/banking unfold onstage. If you register today you’ll save $100 via the early-bird ticket discount. Please note that the early-bird prices expire at the end of this month and space is limited so lock in your spot now!

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

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