Finovate Alumni News– May 20, 2014

  • Finovate-F-Logo.jpgMyBankTracker looks at PayPal’s new design.
  • Linkable Networks unveils multiple omni channel SKU-level card-linked offer solutions to support all retailer types and sizes.
  • European Bitcoin exchange Safello to integrate Jumio’s identity document verification technology.
  • Thomson Reuters announces enhancements, upgrades to Accelus Risk Manager.
  • FinovateSpring 2014: Lights! Camera! Demo Videos! See all 67 presentations from our San Jose conference.
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.

Finovate Alumni News– May 16, 2014

  • Intuit buys Invitco to help bookkeepers put bill processing in the cloud.
  • SocietyOne, an Australian peer-to-peer lender, mulls entering NZ market, is talking with ‘multiple parties’.
  • miiCard graduates from SixThirty accelerator.
  • Swipely tops $2 billion in annual sales managed; launches Summer ’14 release.
  • Bermuda Commercial Bank picks the T24 core banking system, Model Bank, from Temenos.
  • FinSMEs talks about BodeTree with CEO and co-founder Chris Myers.
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.

Finovate Alumni News– May 12, 2014

  • Xero and ASB launch business to bank payments.
  • Bancbox and Kingdom Trust Company partner to streamline the crowdfunding and P2P lending platform for the IRA investor.
  • Actiance tops Forrester’s social risk and compliance product list.
  • Strands hires new CEO, Erik Brieva.
  • Dealstruck and Entrepreneurial Finance Lab named finalists in Core Innovators Challenge.
  • FIS announces launch of FIS Instant Card to accelerate FI’s ability to provide new or replacement cards.
  • Chris Skinner highlights the relationship between SmartyPig and ICICI Bank in a feature on Banking-as-a-Service.
  • ZDnet takes a look at ShopKeep POS, including its recent $25 million investment form Thayer Street Partners.
  • The Motley Fools calls Loop, the invention that “will change the way you pay for everything.”
  • The Rock Trading Ltd. partners with Jumio for real-time ID verification 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.

Finovate Alumni News — May 5, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCheck out our Twitter highlights of FinovateSpring 2014 – from the opening demo to Best of Show.
  • LearnVest, Mint, and FutureAdvisor featured in Wall Street Journal column on managing your own money.
  • Forbes highlights Demyst.Data, showing how Big Data can be used to determine loan suitability for the underbanked.
  • Xconomy profiles authentication specialist, Jumio. Video of Jumio’s FinovateSpring 2014 demo will be available soon at Finovate.com.
  • Kashoo and Xero are among the cloud accounting apps reviewed in a new ebook by the Sleeter Group.
  • American Banker features Ondot Systems’ use of debit on/off controls via mobile device.
  • Backbase launches Backbase Engage, an out-of-the-box digital banking solution for FIs.
  • CUneXus proceeds to Innotribe Startup Challenge 2014 Semifinals.
  • Tradeshift extends “App” ecosystem and offers co-investment to encourage development on its platform.
  • Wearable tech company GTX now using Stockr to communicate directly with the investors.
  • Motherboard looks at Zighra’s next-gen kinetic ID that will recognize users by how they swipe on their phone.
  • MoneyDesktop named 1 of 8 of Utah’s Most Innovative Products.
  • SafetyPay partners with UOL BoaCompra, a leader in monetizing online games for Latin America.
  • VentureBeat looks at a government program that awards grants to companies working on an “Identity Ecosystem,” bringing to mind FinovateSpring 2014 alum, ID.me.
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.

Jumio’s Fastfill Combines Three Data Reading Capabilities to Automatically Fill Out Forms for Customers

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This post is part of our live coverage of FinovateSpring 2014.
Second up this morning, Jumio showed how Fastfill saves time spent filling out forms:
“When customers arrive at your sign-up or checkout form they see a “Scan ID” option in addition to traditional key entry fields. Your customer simply taps the “Scan ID” button, selects the ID they wish to use, and holds it up to their device camera. Fastfill scans the ID, extracts the data it contains, and feeds data into your new account form; it takes just a second or two. 
Our patented technology offers three different data reading capabilities: bar code, MRZ, and OCR to enable customer data to be extracted from any of three ID types issued by over 100 countries.”
Presenting: Mike Orlando (CSO) and Anthony Lanham (SVP Sales)
Product Launch: February 2014
Metrics: 204 employees
Product distribution strategy: Direct to Business (B2B)
HQ: Palo Alto, CA
Founded: February 2010
Website: jumio.com 
Twitter: @jumio

Finovate Alumni News– April 11, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovateSpring 2014 Sneak Peek: Part 6 is now up.
  • Jumio partners with IdentityMind to provide anti-money-laundering Bitcoin compliance for exchanges.
  • FIS launches GenNOW to make it easier for mobile and prepaid card users to access their funds from FIs.
  • Aon Hewitt and HelloWallet partner to help employers bring financial wellness to their workforce.
  • PayPal partners with Samsung to enable users to pay with their fingerprint, launches app for smartwatches.
  • Blackhawk Network recognized for Best Prepaid Innovation at Innovation Project 2014 conference awards.
  • CU Times looks at Citizens Business Bank’s success with Guardian Analytics’ fraud prevention tools.
  • App Developer Magazine looks at Lighter Capital’s RevenueLoan.
  • Birdback and Affiliate Window bring the ease of online offers to offline retailers based in Europe.
  • Betterment’s mobile app makes mobile PIN login available for users.
  • Bill.com wins Monarch Innovation Award in Innovative Industry Partner category.
  • BizJournals profiles Kabbage co-founder and COO, Kathryn Petralia.
  • American Express Open Forum takes a look at ZenPayroll. See them demo at FinovateSpring in San Jose.
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.

Finovate Alumni News– April 8, 2014

  • Finovate-F-Logo.jpgPYMNTS: Shopkeep POS undergoes latest revision and releases 2.0 version.
  • Jumio partners with Equifax to make mobile transactions more secure.
  • Leaf launches Payments Apps Marketplace.
  • Dallas Business Journal names defiSOLUTIONS CEO Stephanie Alsbrooks one of its 40 Under 40. See defiSOLUTIONS demo at FinovateSpring in San Jose.
  • Bloomberg column on apps for financial health features Level Money, Check, Mint, LearnVest, and Betterment.
  • Level Money earns spot on Entrepreneur.com’s “5 Must-Watch San Francisco Tech Startups in 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.

Jumio Partners with Equifax to Make Mobile Transactions More Secure

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There may be better ways to encourage cart abandonment than requiring customers to fill out forms in order to complete online transactions. But I doubt it. And if the consumer is on a mobile phone or tablet, the problem is even worse.

To this end, Equifax has teamed up with fellow Finovate alum Jumio to provide a set of solutions that will make it easier for mobile device users to safely and securely auto-fill information on their devices.

Two of Jumio’s technologies – Netverify and Netswipe – will be integrated with Equifax’s 1-Touch Services and Mobile Wallet. The 1-Touch integration will enable auto-fill of personally identifiable data. The integration with the Mobile Wallet will allow users to either scan their cards with their smartphone or complete the transaction in person at the point-of-sale with their smartphone.

The partnership was driven at least in part by Jumio’s research, it seems. The company’s Mobile Consumer Insights Study found in 2013 that nearly 47% of consumers blamed their cart abandonment on the inconvenience of entering personal data into forms on mobile devices.
Jumio was founded in 2010. Based in Palo, Alto, California, the company specializes in credentials management that is geared both toward minimizing fraud and reducing friction for consumers. Daniel Mattes is founder and CEO.
Equifax became a Finovate alum as a presenter at FinovateFall 2011 in New York. The company’s B2C unit, Personal Solutions, demoed Equifax Complete, a credit score monitoring and fraud alert solution accessible via the company’s mobile app.
Last on the Finovate stage in February (FinovateEurope 2014), Jumio is among the companies that will be demoing its technology at the upcoming FinovateSpring show in San Jose, California, April 29 and 30. For more information on how to see Jumio’s demo live and in person, visit our FinovateSpring 2014 page.

FinovateSpring 2014 Sneak Peek: Part 3

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This week’s sneak peek of FinovateSpring 2014 features everything from account opening to loan underwriting, and is just a small selection of items we’ll see in San Jose on April 29 and 30. Get your ticket here to satisfy your fintech hunger.

If you missed the two installments from last week, you can catch them here:


Crealogix.jpg

CREALOGIX, the Swiss market leader for digital banking and e-learning platforms, presents its comprehensive digital banking suite with a seamlessly integrated e-learning management system.
Features:
    • Provides contextual compliance where needed
    • Supports client advisors and enhances quality of advice 
    • Enables effortless learning combined with rewards (gamification)
Why it’s great:
The CREALOGIX digital banking suite with integrated e-learning management system offers clear added value for both sides: banks and their clients.  
Presenters:
Geraldine Critchley, Head Product Marketing

Critchley is responsible for mastering the digital mindset of the next generation online banking and dealing with all inbound/outbound marketing activities concerning digital banking.
LinkedIn

Ivan Inderbitzin, Senior E-Learning Author
Inderbitzin writes innovative online staff trainings for financial, medical and other industries. He taught at universities in Australia and likes asking questions.
LinkedIn


D3 Banking is a single solution that delivers a LodoSoftwareD3Logo.jpg

comprehensive set of digital banking services to any digital device replacing disparate online and mobile point solutions.
Features:
    • Omnichannel – one solution for any digital channel
    • Innovative money movement – contextual user experience, least cost routing
    • Powerful customer data analytics for personalized marketing
Why it’s great:
D3 Banking is an omnichannel, data driven, digital solution that lowers cost, decreases complexity and personalizes the customer experience.  

Presenters:
Mark Vipond, CEO
Vipond has been in the FinTech industry for almost 30 years beginning his career as a systems engineer at IBM and most recently serving as president and COO of ACI Worldwide.
Kevin O’Kane, CPO
O’Kane has 25 years experience in the industry including serving as Director, Professional Services at Harland Financial Solutions.

EndeavourLogo

Endeavour and Zoot’s mobile account opening solution meets consumers’ evolving expectations and banks’ complex fraud and risk management requirements.

Features:

    • Beautiful mobile interface, intuitive customer experience
    • Secure, compliant, & robust ID verification & risk management
    • Business user web portal to manage any feature with no app-store redeployment
Why it’s great: 
Endeavour has partnered with Zoot to deliver the most sophisticated mobile account opening solution in the industry.  
Presenters:
Steven Staley
Staley is a Consulting Executive, Entrepreneur, and Business Owner with 10+ years in the banking Industry. He oversees Endeavour’s Banking Practice and Global Strategic Alliances while smiling daily.
Tom Johnson, VP of Strategic Alliances at Zoot 
With over 30 years of experience in technology, Johnson is Zoot’s “Chief Idea Guy”; responsible for developing new partnerships and solutions concepts.
LinkedIn

JumioLogo.jpg

Jumio is a next-generation payments and ID software-as-a-service company that utilizes proprietary computer vision technology to reduce mobile payment friction and ID fraud.

Features:
    • Turns customer’s mobile device into an ID scanner
    • Personal data is populated into forms in seconds
    • Increases your sign-up and shopping cart completion rates  
Presenters:
Michael Orlando, Chief Sales Officer
Orlando heads up Jumio’s worldwide sales and business development efforts and brings over 20 years of high-growth company experience to this role.
Anthony Lanham, Senior Vice President, Sales
Lanham started his career with Dun and Bradstreet. He spent 10 years at D&B companies in several sales and sales management roles. In 2001 while at D&B RMS he pioneered the idea of outsourced credit.

VisibleEquitySmall

Visible Equity provides innovative and easy-to-use software that helps financial institutions analyze the risks and opportunities in their lending data.

Features:
    • Uses advanced modeling to estimate race/gender
    • Calculates expected pricing, denial rates, etc. using multiple variables 
    • Provides easy to interpret indicators of likeliness of disparate impact 
Why it’s great:
It’s unlikely a financial institution ever knowingly discriminates, but now proving you are treating all borrowers fairly can be as simple as clicking a button.  

Presenters:
Matthew Court, VP of Sales & Marketing 
Court oversees all sales, marketing, and corporate communications.
David Gilbert, COO 
Gilbert is at the forefront of marketing, business development, and new product research.
LinkedIn


Stay tuned later this week when we’ll feature six more companies.

Finovate Alumni News– March 27, 2014

  • Finovate-F-Logo.jpgTSYS partners with Virgin Money to provide consumer credit processing services for UK customers.
  • Cachet Financial Solutions appoints Darin McAreavey as EVP and CFO.
  • Prosper to cross the $1 billion mark in personal loans originated through its platform next week, hosts giveaway.
  • Tech Zulu interviews Trustev after the company’s win at SXSW Accelerator.
  • Jumio to help form Identity Security Network with eight leading Bitcoin exchanges.
  • InComm’s corporate B2B store enables retailers to streamline management of corporate gift card sales.
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.