iQuantifi Archives - Page 3 of 4

Alumni News– November 18, 2014

By David Penn Posted on November 18, 2014
Categories: Arxan Technologies, Azimo, Backbase, Coinbase, Credit Sesame, iQuantifi, Market Prophit, Mobino, On Deck Capital, PayPal, Prosper, SK Planet, Tradeshift, Venmo

Coinbase to introduce bitcoin tip button to enable micropayment acceptance online.

Venmo users can now log in using both bank ID and Touch ID.

OnDeck seeks to raise $150 million in initial public offering.

TechWeek Europe takes a look at Arxan Technologies’ State of Mobile App Security report.

Malaysian Digest features Azimo in a discussion on the revolution in the money transfer industry.

Dough Roller interviews iQuantifi CEO and Co-Founder, Tom White.

Business News Daily quotes Igor Gonta, CEO of Market Prophit on the importance of having a social media strategy.

PostFinance AG’s Monexio selects Mobino platform to help develop its own digital payment solutions.

SK Planet wins first prize at KPRA Awards 2014 for its filter program, Flitter.

Credit Sesame partners with Prosper.

Hiscox launches new digital insurance platform powered by Backbase CXP.

PayPal challenges Apple Pay with an app for the Pebble smartwatch.

The European Commission approves Tradeshift data format for government purchasing.

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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Alumni News– November 4, 2014

By David Penn Posted on November 4, 2014
Categories: Dragon Wealth, EyeVerify, Feedzai, Fidor Bank, iQuantifi, MX, SecureKey, SK Planet, TipRanks, Xendpay, Xpenditure, Zopa

Oberthur and SecureKey announce collaboration to enable secure cloud transactions.

Zopa reports £250 million lent in 12 months.

Xendpay eliminates fee for overseas bank-to-bank transfers.

MX boosts its funding total to $20 million with new investment.

Xpenditure announces two new partnerships, US expansion.

Financial Advisor profiles robo-advisor, iQuantifi.

SK Planet teams up with Celcom Axiata Bhd to form joint-venture company, Celcom Planet.

Programmable Web takes a look at Feedzai’s anti-fraud API.

EyeVerify announces Eyeprint ID v2.0 to launch in January on iOS and Android.

Fidor Bank and Kraken join forces to launch specialized bank for crypto currencies.

TipRanks CEO and co-founder Uri Gruenbaum discusses financial accountability in a CNBC panel discussion.

Dragon Wealth named Euromoney Magazine’s Best Wealth Management Innovator in Asia.

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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Alumni News– October 24, 2014

By David Penn Posted on October 24, 2014
Categories: CurrencyFair, D3 Banking, Evo Snap*, iQuantifi, Kabbage, Motif Investing, On Deck Capital, PayPal, Smarty Pig, TD Ameritrade, TransferWise, Xignite

Check out our latest Finovate Debuts featuring iQuantifi.

Smarty Pig featured in Washington Post column on ways to save on holiday gift shopping.

Wealth Management.com talks with Motif Investing CEO Hardeep Walia on tech trends in the financial services industry.

TransferWise and CurrencyFair are highlighted in Forbes review of ways to save on foreign currency exchange.

Bob’s Guide profiles cloud-based market data provider, Xignite.

Technology Tools for Today interviews Tom Nally, president of TD Ameritrade Institutional.

Pymnts interviews EVO Snap* CEO Peter Osberg about Apple Pay.

Fitsmallbusiness.com highlights OnDeck, PayPal, & other Finovate alums as small business lending innovators.

D3 Banking brings in $7 million, with $3 million more on the way.

ABA Banking Journal looks at Karrot, the automated online lending service demoed by Kabbage last month at FinovateFall 2014.

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 Debuts: iQuantifi

By David Penn Posted on October 23, 2014
Categories: Finovate Debuts, iQuantifi

The Finovate Debuts series introduces new Finovate alums. iQuantifi demonstrated the “Cashfinder” and “What if” features of its virtual financial advisor platform at FinovateFall in September.

iQuantifi

iQuantifi is a virtual financial advisor platform geared toward millennials and young families. The technology relies on proprietary algorithms to provide comprehensive, personalized financial advice, and a step-by-step guide to allocating resources in order to achieve financial goals.

The Stats:

Founded in June 2011
Headquarters: Nashville, Tennessee
Raised more than $1M in funding
Seven employees
Tom White is CEO and Founder; Karen White is CPO and Co-Founder
Product launched in September 2014

The Story

Tom and Karen White, founders of iQuantifi, don’t run from the “robo-advisor” label. They embrace it.

“There is a huge market of underserved (consumers), and the only way to really reach them is through technology,” Karen explained. “If you can reach more people, what’s wrong with that?”

As far as iQuantifi is concerned, the founders are proud of the fact that they have developed a fully-automated financial planning and investment platform after fifteen years in the financial advisory business. “I can only reach so many people,” Tom said. “We can reach millions now.”

A major boost in that direction came a few weeks after iQuantifi’s FinovateFall debut in late September when the company announced that its platform was available to financial institutions. By opening the technology to banks and credit unions, the company hopes to make inroads with their target market: technology-friendly millennials just beginning their adult financial lives. “If you’re 28, making $80,000 a year, and net worth is negative,” Tom asks, “plus married and expecting a kid, where do you get financial advice?”

The Solution

Getting started with iQuantifi is straightforward. The first step is providing personal information. Name, family profile, investment experience, annual income and monthly expenses are the primary categories. Then aggregate your accounts (at least one checking account needs to be linked), and you are ready to begin.

The robo-advisory starts with the Timeline. The Timeline begins with the present and extends all the way through your projected retirement date. Above the Timeline are a set of icons that represent a variety of financial goals, all geared toward millennials and their families. For example, in addition to a “Buy House” goal icon, there is also simply “Relocate” and “Rent” goals icons.

Click on a goal icon and a pop-up allows you to enter information about the goal. With that, the platform goes to work, determining just how feasible reaching your goal is given your current financial profile. If your goal is attainable in the time you’ve set, the goal icon will appear in your Timeline. If your goal is not attainable, a warning appears telling you “You have a shortage.”

Here is where one of the key features demoed at FinovateFall comes in. Rather than forcing you to change your goals, the iQuantifi platform’s “Cashfinder” takes a look at the shortage amount and then goes to your financial profile to see what adjustments can be made to cover the shortage amount. You can take the platform’s recommended changes or keep your current levels.

Even more detailed advice is available by clicking on the green action bar at the bottom below the timeline. Here users of the platform get more specific direction such as “Deposit $458 this month for retirement: Roth account” and “Apply for a Disability Insurance Policy with a $2,437 Monthly Benefit.” The investment section even provides the names of mutual funds, index funds, etc., as well as the percentage allocations required for a diversified portfolio based on the user’s goals.

IQuantifi provides a Summary feature that lets users get a bird’s eye view of any specific financial goal and the progress being made toward reaching it. For example, a Car Summary Screen might show purchase date, total purchase price, percent savings already reached and amount still left to save in pursuit of a new car – all in a colorful, easy to read graphic. The Summary screen also previews the next action to be taken after the current one.

Another compelling feature of iQuantifi is its “What If” feature. This tool allows users to make adjustments to goals and then run scenarios to see how a change in a given goal (a more expensive car, putting off retirement for a few years) affects the overall financial picture, as well as other goals. “iQuantifi lets users update their plan as changes happen in their lives,” Tom said, “and automatically shows the impact of those changes in real-time.”

The Future

In some ways, the future for iQuantifi is already here. The company has opened up its platform to financial institutions, pointing out that the platform can help banks serve the “record numbers of college graduates
(who) are starting their professional life with a tremendous amount of debt.” This is all the more so, in Tom’s opinion, to the extent that millennials have been among the demographics least interested in traditional, brick and mortar banking.

The fact that iQuantifi has signed on with MX, the fintech innovator formerly known as MoneyDesktop, to provide account aggregation services is another positive for the company going forward. A multiple Best of Show award winner at Finovate, MX was a “natural fit” in the words of iQuantifi CTO Jim Siegienski. Calling MX “best in breed for categorization,” Siegienski praised the Utah-based company for the cleanliness of its technology and its ease of use.

As for security, iQuantifi relies on the same 128-bit secure socket layer technology and SHA-256 encryption that banks use when transmitting sensitive financial data. Data is protected on its end with biometric checkpoints, multiple keylock entries, and “constant video surveillance, and the software is “read only” which prevents anyone for accessing your accounts through iQuantifi’s system.

iQuantifi currently offers 30 days free use of the service. After that it’s $9.95 per month or $89 annually. Multiply that number by the 79 million consumers Tom says make up the “millennial market” and it is easy to see why he and the rest of his team are so excited about the future of iQuantifi.

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Alumni News– October 22, 2014

By David Penn Posted on October 22, 2014
Categories: Authentify, Backbase, iQuantifi, Jumio, ProfitStars, Temenos

ProfitStars introduces new image capture technology with Alogent Interactive Capture.

iQuantifi opens its cloud-based virtual advisor platform to financial institutions.

TechCrunch and PYMNTS both take a look at BAM Checkout from Jumio.

Swiss-based PostFinance launches new digital banking platform powered by Backbase.

CIO Review names Authentify 1 of the 20 more promising educational tech solution providers.

Temenos further expands its US operations.

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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iQuantifi Unveils New Analytic and Predictive Budget Tools to its Virtual Financial Advisor Solution

By David Penn Posted on September 23, 2014
Categories: FinovateFall 2014, iQuantifi

This post is part of our live coverage of FinovateFall 2014.

Moving into the second half of our morning session, here is the team from iQuantifi, demoing the “Cashfinder” and “What if” features of its virtual financial advisor solution.

“iQuantifi is introducing two new features to make it even easier for users to create their own financial plan and achieve their goals. When a user does not have enough money to fund all their goals, our “Cashfinder” analyzes their budget and recommends which expenses a user can reduce to cover the monthly shortage. Our “What If” feature allows users to adjust their goals to see the immediate impact on their financial plan. By comparing two different paths to goal achievement, a user can determine which plan best fits their lifestyle.

Presenting: Tom White (CEO & Founder) & Karen White (CPO & Co-Founder)

Product Launch: September 2014

Metrics: Raised $1.1M to date; 7 employees; over 25% of site traffic converted to users

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

HQ: Nashville, TN

Founded: June 2011

Website: iquantifi.com

Twitter: @iquantifi

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iQuantifi Partners with MoneyDesktop to Use its Aggregation Engine

By Julie Muhn (@julieschicktanz) Posted on September 10, 2014
Categories: iQuantifi, MoneyDesktop

It’s quite common for Finovate alums to partner. It is more rare, however, for two previous Best of Show winners to work together.

That is what happened this week with iQuantifi and MoneyDesktop, two companies who will demo at the

upcoming FinovateFall show in New York. As a part of the partnership, iQuantifi will use MoneyDesktop’s aggregation technology to help iQuantifi users gain an even more comprehensive view of their finances.

iQuantifi, whose aim is to help users achieve their financial goals, is known for its platform that helps consumers create a holistic financial plan. Specifically, it will use MoneyDesktop’s technology to help:

Simplify on boarding, making it easier and faster for users to pull information from all their financial accounts
Enhance transaction categorization
Make goal tracking more accurate

iQuantifi launched its platform at FinovateSpring 2012, where it won Best of Show.

MoneyDesktop, a 4-time Best of Show winner, last demonstrated at FinovateFall 2013.

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Finovate Alumni News– March 19, 2014

By David Penn Posted on March 19, 2014
Categories: BlinkMobile Interactive, Float Money, ID Analytics, IntelliResponse, iQuantifi, Kabbage, Monitise, PayPal, Personal Capital, Ping Identity, ShopKeep POS, TradeKing

Ping Identity announces partnership with Courion.

Desert Schools FCU to deploy mobile banking platform from Monitise.

Check out our CEO interview with Shane Hadden of Float Money.

Blue Cross and Blue Shield of Kansas City to use virtual agent technology from IntelliResponse to respond to Affordable Care Act queries. See IntelliResponse demo at FinovateSpring in April.

ID Analytics launches new versions of its Transaction Protector and Transaction Advanced Intelligence products for eCommerce.

Upstart Business Journal looks at how Kathryn Petralia and Kabbage are rewriting the lending rules.

BlinkMobile Interactive signs first NZ Council deal.

Southern Alpha calls iQuantifi “a budget platform we actually like to use.”

Payment Source features Jason Richelson, founder of ShopKeep POS.

Bill Harris, Personal Capital CEO & former PayPal CEO discusses the future of PayPal on Bloomberg TV. See Harris demo Personal Capital’s latest development at FinovateSpring next month.

TradeKing earns four-stars in Barron’s online broker rankings for eighth consecutive year.

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 News– March 6, 2014

By Julie Muhn (@julieschicktanz) Posted on March 6, 2014
Categories: Arxan Technologies, Banno, Billeo, GMC Software Technology, iQuantifi, Jack Henry, Kensho, Kony Solutions, PayNearMe, Plutus Software, SecureKey

iQuantifi launches financial advice platform to general public.

Billeo and Danal partner to create a mobile ID solution for Billeo’s XpressBuy checkout service to make it easier by autofilling forms with your relevant information.

Nerdwallet features PayNearMe.

GMC Software Technology and Kony partner to develop next-gen document tech solutions for businesses.

SecureKey Concierge Service tops one million-credential mark.

American Banker takes a look at Jack Henry & Associates and its acquisition of Banno.

FinovateEurope: Behind the Scenes with Arxan Technologies, Kensho, and Plutus Software.

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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iQuantifi Launches Financial Advice Platform to General Public

By Julie Muhn (@julieschicktanz) Posted on March 5, 2014
Categories: iQuantifi

Earlier this week, iQuantifi launched its virtual financial advisor to the public. Now everyone can sign up for iQuantifi’s platform that helps users identify, prioritize, and achieve their financial goals.

Its Core Planning Algorithm helps users pay down their debt and achieve their financial goals that are personalized for each individual user.

In order for iQuantifi to help users build their goals, they need to answer a few basic questions about:

Family status
Income
Expenses
Debts
Accounts and policies

A subscription for iQuantifi costs just under $10 per month. However, it is currently running a Refer a Friend promotion that grants users free access to the platform if they share iQuantifi on Facebook or Twitter.

To see iQuantifi’s Best of Show demo, check out a video of its live demo at FinovateSpring 2012.

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Finovate Alumni News– May 30, 2013

By Julie Muhn (@julieschicktanz) Posted on May 30, 2013
Categories: ACI Worldwide, Cardlytics, FutureAdvisor, iQuantifi, Lending Club, Nutmeg, SumUp, Taulia, TSYS

Cardlytics granted patent to deliver targeted marketing offers through its network of nearly 400 banks.

PYMNTS.com interviews SumUp’s managing director, Stefan Jeschonnek regarding Groupon and Amex’s recent investment.

Talkapolis interviews iQuantifi founder & CEO Tom White.

World’s largest online shoe company deploys Taulia’s cloud-based solution.

UK-based Nutmeg appoints Lee Cowles as its new managing director.

Lending Club expands offices in San Francisco.

Huff Post interviews Bo Lu, FutureAdvisor CEO.

TSYS signs long-term, consumer credit card payment processing agreement with KeyBank.

ACI Worldwide to provide online banking, bill pay, and mobile banking services.

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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FinovateSpring 2012 in the Press

By Julie Muhn (@julieschicktanz) Posted on May 15, 2012
Categories: Actiance, BankersLab, BankOns, BehavioSec, BillGuard, Cardlytics, Concur, CoverHound, DCisions, Dwolla, edo Interactive, Expensify, Experian, Flint Mobile, inStream Solutions, iQuantifi, Kuspit, Linkable Networks, MoneyDesktop, On Deck Capital, PaySimple, Personal Capital, Silver Tail Systems, SoMoLend, TIO Networks, Wall Street Survivor, WattzOn, ZipZap

Here’s a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune’s live blog on PaymentsViews, which covers all 63 presenting companies:

2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee
Link

BillGuard Demo @ Finovate Spring 2012 Conference (Day 1)

by Bobby Lee