Instabank Archives

We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.

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Instabank Debuts Mobile-Only Bank

By Julie Muhn (@julieschicktanz) Posted on September 10, 2013
Categories: FinovateFall 2013, Instabank

This post is part of our live coverage of FinovateFall 2013.

Next, Instabank demonstrated the capabilities of its mobile-only bank:

“Instabank is a mobile-only bank. Instabank’s main goals are to: Help people enjoy the simplicity of managing their bank account, bring the social aspect into the area of personal finance, unlock viral growth in user acquisition, and become the Dropbox of retail banking.

Key features: Real-time activity stream, add comments, photos, and Foursquare venues to purchases, send money to Facebook friends, send money to nearby Instabank users, up to 10% APR for checking accounts, ATM map showing distance to nearest free ATM, bill pay, share purchases on Facebook, search purchases using keywords, split a bill with friends, design your own debit card using Instagram photos, and PFM with expense category statistics and analytics.”

Product Launch: April 2013

Metrics: Thousands of users a few months after launch.

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

HQ: Prague, Czech Republic

Founded: August 2012

Website: instabank.eu

Twitter: @instabankru

Presenting Roman Potemkin (Co-Founder & CEO) and Alexey Shelestenko (Head of Marketing)

The full demo video will be available at finovate.com in mid-September.

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FinovateFall 2013 Sneak Peek: Part 5

By David Penn Posted on August 27, 2013
Categories: Capital Access Network, FinovateFall 2013, Fiserv, FutureAdvisor, Instabank, MiiCard

We hope you’re enjoying our Sneak Peek at the presenters of FinovateFall 2013.

You can learn more about our upcoming event here. And if you’ve missed an installment of our series, here’s a handy index to this year’s innovators.

FinovateFall 2013 Sneak Peek #4

FinovateFall 2013 Sneak Peek #3

FinovateFall 2013 Sneak Peek #2

FinovateFall 2013 Sneak Peek #1

Today we’ll introduce you to our fifth set of companies that will be demoing on the Finovate stage in September: Capital Access Network, FutureAdvisor, Instabank, miiCard, Narrative Science, P2P Cash, and StrategyCorps.

So why not join us in New York for the show? Get your tickets to FinovateFall 2013 in New York here.

Capital Access Network’s Mobile Funder is a tablet-based tool enabling finance reps to seurely pre-qualify small businesses for capital and submit a full application in a single visit.

Features:

Capital delivered in days, not weeks
Empowers reps with direct access to qualification tools
Pre-qualifies prospects for two products with one application

Why it’s great: This all-in-one tool gives small business finance reps the power to expedite decisions, close more deals, and deliver capital faster.

Dan DeMeo, CEO, Capital Access Network

Mr. DeMeo joined in 2010 with an extensive financial services background (Citibank, GE Capital, JP Morgan) and a history of growing businesses profitably.

Meet the Capital Access Network team here.

FutureAdvisor’s FutureAdvisor Premium automatically manages your current investments.

Features:

Manage investment holdings from multiple institutionsFeatures:
Rebalance your portfolio automatically
Recognize and invest new cash immediately

Why it’s great: Guide your investment portfolio – automatically

Meet the FutureAdvisor team here.

Instabank set out to create the most beautiful, efficient, and social mobile bank.

Features:

Transfer/request money to/from Facebook friends
Add photos, comments, Foursquare venues to purchases
Rich activity stream and PFM

Why it’s great: Instabank aims to unlock viral customer acquisition via Facebook and become the Dropbox of retail banking.

miiCard (my Internet Identity) is the first global Identity-as-a-Service (IDaaS) platform providing trusted and traceable customer identities purely online in the digital economy.

Features:

Eliminate up to 80% fraud
Reduce new customer dropout by 50%
Dramatically reduce operational costs

Why it’s great: Enabling purely online sales of regulated and high value products in banking, virtual currencies, payments, wealth management, lending and more.

James Varga, Founder, CEO, miiCard

Mr. Varga has more than a 20-year career in technology and innovation.

Magnus Bray, Sales Manager, miiCard

Mr. Bray has experience in bringing new innovations to global financial institutions.

Meet Team miiCard here.

Narrative Science provides financial institutions with a fast, cost-effective way to analyze data and automatically generate natural language communications that answer important questions and provide timely insight.

Features:

Infinitely scalable content generation
On-demand communications tailored to any audience
Consistent narratives structured to meet guidelines

Why it’s great: Quill Financial automatically transforms portfolio and market data into human-quality communications and reports for financial institutions.

Meet the Narrative Science leadership team here.

P2P Cash developed an industry-standard, scalable mobile financial services solution that provides secure, compliant and transparent mobile banking to the world’s 3 billion unbanked mobile phone users.

Features:

Send cash home free
Mobile international remittance
Only SMS required for recipient

Why it’s great: Send cash home free #InternationalRemittance

Thomas Meredith, Chairman and CEO, P2P Cash

Mr Meredith has Internet, financial services, and telecommunications experience. Stanford engineer. Harvard MBA.

Donald Chapman, VP, Business Development, P2P Cash

Mr. Chapman has Consulting, IT, Sales & Marketing experience. Providence College. Babson MBA.

Meet the P2P Cash team here.

StrategyCorps’ BaZing solution makes mobile and online banking so appealing and relevant to customers’ lifestyles they’ll gladly pay a fee for them.

Features:

300,000+ deals at your fingertips
Local merchant offers around every branch
Connect like no banking product can

Why it’s great: Customers don’t like fees for basic banking products. BaZing changes that by making banking products worth paying for.

Stay tuned for more from our FinovateFall 2013 presenters in edition #6 of our Sneak Peek series, coming Thursday.

FinovateFall 2013 is only a few weeks away. To learn more about FinovateFall – and to register and get your tickets today – visit our FinovateFall 2013 page here.

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Meet the Innovators of FinovateFall 2013

By David Penn Posted on August 1, 2013
Categories: Akimbo Financial, authenticID, Backbase, BehavioSec, BillFloat, Biometric Signature ID, BizEquity, Capital Access Network, Cardlytics, CommunityLend, CoverHound, CR2, DoubleBeam, Financial Guard, Finect, Fiserv, FlexScore, Float Money, GMC Software Technology, Guide Financial, Ignite Sales, Innovation Agency, Instabank, Interactions, Jumio, Kofax, LearnVest, Level, Lighter Capital, Lumesis, Luminous, Manilla, MasterCard, mBank, MiiCard, Mitek, MoneyDesktop, Motif Investing, Narrative Science, Numbrs, P2P Cash, PayWith, Pendo Systems, Phony Invoices, Place2Give, QuarterSpot, RevolutionCredit, SaaS Markets, Saved Plus, Simple Verity, Socure, SpearFysh, Spreedlly, StockSmart, StrategyCorps, Tinkoff Credit Systems, TipRanks, Toopher, Unleash, VerifyValid, Versafe, WordSentry, Yodlee, Yseop, Zenmonics, Zighra, Zooz

FinovateFall 2013 is right around the corner. That means it’s time to start getting to know the entrepreneurs and innovators that will be presenting their technologies on stage in New York City in September.

Remember, the early bird deadline is this Friday, August 2nd. So to reserve your spot and register now.

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Akimbo Financial offers a social bank account alternative that makes sharing money easier than ever.

authenticID‘s identity tools pictureID and catfishID, are the most accurate, time-saving solutions for the forms of ID we already carry.

Backbase‘s Launchpad, the Commercial Banking Edition, making CFO’s work easier.

BehavioSec uses behavioral analytics to transparently tackle web and mobile security.

BillFloat revolutionizes credit delivery to consumers and businesses.

Biometric Signature ID has a patented software-only biometric for secure ID online verification.

BizEquity is the first and leading cloud-based business valuation engine, an innovative solution to small business lead generation.

Capital Access Network is the largest and most experienced small business finance specialist.

Cardlytics uses consumer purchase data to drive a patented advertising platform. Ads are so relevant–they’re expected.

CoverHound is a comparison insurance adviser, helping people discover, buy, and manage insurance online.

CR2 is the innovative provider of self-service banking solutions including ATM, Internet, and mobile banking.

DoubleBeam‘s SDK powers mPayments inside other mobile apps, helping signup customers quickly and save a ton on the cost of payments.

FinanceIt offers businesses the ability to provide consumer financing to their customers at the POS.

Financial Guard helps you protect your investments, providing online investment advice at the right price, finally.

Finect is the leading online network for the financial services industry.

Fiserv is a leading global technology provider serving the financial services industry, driving innovation in payments.

FlexScore “gamifies” financial planning, gives a “score” of your financial fitness, and provides education, advice, peer comparisons.

Float Money offers interest-free credit to members of its shopping club and financial health partners.

FutureAdvisor manages your investments for better returns, making quality financial advice available to everyone.

GMC Software Technology is a leading software developer of solutions that transform the customer experience.

Guide Financial is like a healthcheck for your finances – automatically scanning your accounts for ways you can earn or save more, and providing simple, easy fixes.

Ignite Sales is the leader in retail banking, customer acquisition, and retention technology.

Innovation Agency, where you can execute on your innovation mandate and unlock the wealth of ideas in your ecosystems.

Instabank – Beautiful money.

Interactions provides natural language Virtual Assistant application services for the automation customer care processes.

Jumio is a next generation credentials management company offering payments and ID scanning and validation products for mobile and web transactions.

Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interactions.

LearnVest empowers people everywhere to take control of their money and live their richest lives.

Level Money is a financial GPS, designed to replace budgeting.

Lighter Capital provides growth capital to technology companies in a highly-automated basis – Capital-as-a-Service.

Lumesis provides software for the fixed income municipal market. Compliance and credit-focused.

Luminous is a boutique innovation company that has become synonymous with innovative banking around the world.

Manilla is the leading free and secure service to simplify and organize daily financial life.

MasterCard is a technology company in the global payments industry, operating the world’s fastest payments processing network.

mBank is the biggest, pure-play online bank and the third largest retail bank in Poland.

miiCard is the first digital identity verification service to prove ‘you are who you say you are’ entirely online.

Mitek is positioned as the leading innovator in mobile imaging software.

MoneyDesktop empowers financial institutions to provide online/mobile banking experiences to promote personal financial intelligence.

Motif Investing is a thematic, customizable, low-cost and crowdsourceable ETF-like product that is disrupting investing economics.

Narrative Science enables companies to uncover the insight hidden in their data and create new content at a scale and frequency never before possible.

Numbrs – One App – Every Bank.

P2P Cash is the mobile wallet with switch technology that allows us to aggregate all other mWallets and mobile financial services.

PayWith is powered by MasterCard. Funded by Merchants. Loved by Consumers.

PhonyInvoices provides invoice fraud detection and prevention. We check a company’s vendor lists and transactions for suspicious activity.

Place2Give provides valuable and trustworthy information to make the most impactful social capital investment decisions.

QuarterSpot lending platform delivers the lowest cost and most favorable term small business loans.

RevolutionCredit is a revolutionary solution that transforms the credit decisioning process for both creditors and consumers.

SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers.

SavedPlus is an automatic savings program that helps customers save money with every purchase.

Simple Verity provides business credit reports on any SMB in America.

Socure offers a social identity verification solution to combat the growing risk of online identity fraud for financial institutions.

SpearFysh leverages mobile, speech analytics, big data, and SaaS technology to improve sales processes and drive growth.

Spreedly provides vault cards in the cloud and work with more than 50 payment gateways.

StockSmart apps and platform offer insight and information on the world’s best companies and people.

StrategyCorps delivers local/mobile/social consumer checking solutions so appealing and relevant, your customers will gladly pay for them.

Tinkoff Credit Systems is Russia’s leading provider of online financial services.

TipRanks is a cloud-based service that measures the performance of anyone giving investment advice.

Toopher eliminates online fraud using your phone’s location. Simple, secure, your phone stays in your pocket.

Unleash is the cloud CFO that helps small businesses make better decisions faster.

VerifyValid and Deluxe are giving checks their first major upgrade in more than 200 years.

Versafe protects all users from all malware, threat types. On all devices, all transparently.

WordSentry software analyzes messages during composition, identifying non-compliant components, for correction before sending.

Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data.

Yseop creates a new age where financial services delivered to customers are driven by AI and human collaboration.

Zenmonics is a global technology services and mobile product provider to the financial services market.

Zighra empowers banks and financial institutions to leverage implicit mobile user authentication and accelerate payments.

Zooz provides complete payment essentials at your fingertips: a robust set of tools that will improve the payment process.

Plus more stealth companies to be announced in the weeks to come.

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To find out more about the upcoming FinovateFall 2013 event in New York, September 10 and 11, visit our FinovateFall information page here.

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