Alumni News– November 17, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBoku announces a pair of C-level appointments: Ingo Lippert as CBO, Christian Hinrichs as CFO.
  • Zopa partners with AltFi Data; plans to open loan book to the public in Q1 in 2015.
  • The Sunday Times profiles TransferWise founders Kristo Kaarmann and Taavet Hinrikus.
  • Bolstr surpasses $200,000 in 2014 investor payouts
  • Expensify featured in Slate. Check out the video.
  • Billhighway’s 523% Four-Year Growth earns it the #193 Spot on the Deloitte Technology Fast 500 List.
  • ChicagoInno features Arroweye Solutions and Rippleshot for their listings on the FinTech Forward Rankings.
  • Check out Finovate Debuts: Minetta Brook’s Knewsapp.
  • MetaIntelli and Arxan Technologies partner to help developers mitigate mobile security and privacy risks.
  • Venmo gets Touch ID security, tagging, and direct linking to bank accounts.
  • MyBankTracker examines how 1U is using Hoyos‘ facial recognition security technology.
  • InComm launches New eCommerce Site for B2B Bulk Gift Cards.
  • Bluefin joins the New York Bankers Association.
  • Google Compute Engine now features intelligent horizontal Autoscaling.
  • Wharton Fintech blog features Knox Payments.
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 Debuts: Minetta Brook’s Knewsapp

The Finovate Debuts series introduces new Finovate alums. Today’s feature is Minetta Brook, which demonstrated Knewsapp at FinovateFall 2014.

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Minetta Brook aims for Knewsapp to change the way investors stay informed of news relating to stocks in their portfolio. The web-based news discovery application surfaces topics before they become trending news, giving researchers a tool superior to Google.

The stats

    • $2.4 million in funding
    • 10 employees
    • 100+ firms in beta
    • 100,000+ news sources searched
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Knewsapp

Traditionally, when seeking information that may effect a stock in their portfolio, investors search Google, Yahoo or other investment info sources. But typical search engines measure the importance of an article based on popularity.This method elevates content that could be days old, and buries stories investors actually need to read.

For traders, risk management professionals, and research analysts that need real-time news, search engines are not the best tools for content discovery. Knewsapp’s content-based model finds the information investors need to make important trading decisions.

Aside from simply serving up news, Knewsapp also helps investors know what news may effect their investments. It uses a proprietary scoring method to suggest content they should read to be informed, based on their portfolio.

Knewsapp launched on Bloomberg in May. Here’s what the full integration looks like:

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Features
>>Top tickers

Knewsapp continuously scans Twitter and more than 100,000 sources of news and blogs for unusual activity. The result is a list of stocks with the most relevant and fastest developing news, based on their score and velocity.

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Ticker and/or topic combination search
With this function, users search a ticker symbol by itself or in combination with key word(s). The result shows headlines of relevant news stories, sources, scores and similar topics.

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Additionally, a filter capability enables users to see news in specific markets or sectors.

Portfolio monitoring
With hundreds of stocks in a portfolio, it can be difficult to know which terms to search. Knewsapp simplifies this by displaying the score, along with the rate the news is developing, for each stock in a portfolio.

When users filter by the score or velocity, they see which stocks are receiving above average coverage in the news or on Twitter. The right-hand panel displays news stories corresponding to stocks in their portfolio.

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Story DNA
The Story DNA section word cloud displays a quick view of topics and themes within a selected news story.

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Minetta Brook debuted the public web version of Knewsapp at FinovateFall 2014.

Minetta Brook’s KNEWSAPP Helps Traders Surface Developing News Stories

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

Minetta Brook launched KNEWSAPP:
“Minetta Brook is launching a web application version of KNEWSAPP, a real-time news scoring and discovery application that is currently available only on the Bloomberg Professional™ platform. KNEWSAPP allows trading and investment professionals to take advantage of news related market inefficiencies by surfacing tickers, topics, and stories that are currently developing in the news. 
This web based product democratizes access to our ground-breaking, real-time, content-discovery technology and to our proprietary scores that lets you surface developing stories from across the entirety of news.”
Presenting: Deepak Bharadwaj, CEO & Founder and Viplav Nigam, VP Engineering
MinettaBrookHomepage
Product Launch: September 2014
Metrics: $2.4M in funding, 10 employees, over 100 firms in trial & beta, 40,000+ news sources
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: Seattle, WA
Founded: September 2011
Website: knewsapp.com
Twitter: @knewsapp

FinovateFall 2014 Sneak Peek: Part 7

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In the final FinovateFall Sneak Peek of our series, we’re showcasing nine companies: eMoney Advisor, Finovera, Luxoft, Minetta Brook, P2Binvestor, SAS Games, SelfScore, Sender, and Top Image Systems

These companies are coming to the Finovate stage in New York from all over the globe to showcase their newest fintech on September 23 and 24. Tickets are going fast; get yours here to be a part of it.
Want to see more of what to expect at FinovateFall? Here are some companies you may have missed:

eMoneyLogo

With eMoney Advisor, if you’re a salesman with a practice selling products, it’s not for you. eMoney is built for advisors running a business based on relationships.

Features:
    • With EMX, you’ll work smarter, not harder
    • Integrations and ease of use are the future
    • eMoney’s latest technology will define advisor success
Why it’s great:
With so many enhancements, it’s easy to focus on eMoney’s features–but it’s more important to remember the benefits: eMoney solidifies the advisor/client relationship.
ChadeMoney

Presenters:

1) Chad Porche, Senior User Interface Designer  
Kyleemoney

2) Kyle Wharton, Director of Business Development  


FinoveraLogo

Finovera is transforming Online Bill Pay into holistic personal financial management with eBills and payments at its core designed for banks and credit unions.

Features:
    • Receive, view and pay all bills – on bank site
    • Enables bill pay with credit cards – Banks get paid for offering Bill Pay
    • Great user experience – simple, convenient, attractive and mobile
Why it’s great
Transform your bill pay from cost center into revenue center

PurnaFinovera

Presenters:

1) Purna Pareek, Founder and CEO
Pareek is a serial entrepreneur and CEO of the company. He founded Finovera to bring simplicity, efficiency and convenience to household bill and information management.
2) Amanda Zepeda, Marketing Manager  


LuxoftLogo

Luxoft’s Horizon is a cutting-edge data visualization framework for financial institutions. It enables executives to quickly identify and resolve problems in multiple domains such as risk and regulation.

Features:
    • A fast and intuitive access to data
    • Ability to collaborate across roles and teams
    • Radically shortens the decision-making time
Why it’s great:
Horizon – executive dashboards that give you back control. There is no need to hide.
pberendtLuxoft

Presenters:

1) Przemek Berendt, Global Marketing Vice President
Global Marketing Vice President at Luxoft (NYSE: LXFT) responsible for its B2B, B2E, and CSR strategies. Berendt led Luxoft’s winning presentation at Finovate London 2014.
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2) Fabrice Aresu, Head of Business Support Group

Aresu is Luxoft’s Horizon Product Manager, focusing on Advanced Data Visualization; he worked 15 years in Finance & Risk software, at Thomson Reuters and Oracle.





MinettaBrooklogo

Minetta Brook’s KNEWSAPP allows trading and investment professionals to take advantage of news related market inefficiencies by surfacing tickers, topics, and stories that are currently developing in the news.

Features:
    • Track news, blog & tweet VELOCITY around your portfolio tickers, in real-time
    • Use its linguistics based STORY SCORES to prioritize what you read
    • Get to key active topics quickly, with STORY DNA
Why it’s great:

Track news, blog and twitter stories as they develop, well before they become headlines.
MinettaBrook1

Presenters:

1) DB (Deepak) Bharadwaj, Founder & CEO
Technology pioneer at Microsoft & Sun. Built and ran multiple multi-hundred million dollar businesses. Over 20 years of technology expertise with specialty in operations & turnarounds.
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2) Viplav Nigam, Head of Engineering

Built & ran NASDAQ’s trading system. Developed ultra low latency news feeds for trading at RTT News. Over 20 years of financial technology experience.





P2BinvestorLogo

P2Binvestor (P2Bi) is a crowdlending platform for receivables-backed working capital that is supported by a crowd of accredited investors.

Features:
    • Integrates with QuickBooks Online (API sync)
    • Streamlines the online application and lending process
    • Facilitates better account management and underwriting
Why it’s great:
P2Binvestor makes it really easy for borrowers to apply, get funded, and grow their credit line as their business evolves. Up to $5MM available.
kristaMorganp2bi

Pressenters:

1) G. Krista Morgan, President and Cofounder
Morgan has an extensive background in digital marketing and account leadership for blue-chip brands at some of London’s top interactive agencies. COO for P2Binvestor since 2012.
claymcilrathp2bi

2) Clay McIlrath, CTO

McIlrath is a seasoned technologist with more than a decade of experience developing software applications and working with start-up companies. 



SASGamesLogo

SAS Games’ TiViTz College $avings Game-a-thon is a fully automated, easy-to-use, market-disrupting, patent-pending, activity-based fundraising tool for children’s college savings.

Features:
    • Complements existing financial savings vehicles
    • Creates new college savings accounts and relationships
    • Enhances CRA outreach and provides a marketing tool for consumer and business banking 
Why it’s great:
The Game-a-thon provides families a solution to afford higher education by significantly increasing children’s savings, while improving their math skills and financial literacy.
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Presenting:

1) Siobhan Mullen, CEO
Former aerospace executive and Special Adviser to the NASA Administrator, experienced high-tech entrepreneur in launch services, satellite communicatio
ns and data distribution.
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2) Steve Scully, President

Serial entrepreneur and investor with a focus on children’s education through games, inventor of the TiViTz educational games and tournaments.

SelfScorelogo

SelfScore is a disruptive consumer analytics solution that supplements FICO scores and informs a wide array of data-driven decisions.

Features:
    • SelfScore measures consumers in better ways using more information
    • Online profiles, phone data, and questions inform the score
    • Providing insights to users and contextual information to businesses
Why it’s great:

SelfScore uses a proprietary algorithm to attain a more timely and accurate picture of consumer behaviors that benefit both consumers and businesses.
KalpeshScore

Presenters:

1) Kalpesh Kapadia, Co-Founder and Chief Executive Officer
Kapadia’s professional career in finance and technology spans 20 years. Before co-founding SelfScore, managed Equanum Capital, a technology fund, from 2007 to 2012 and was the WSJ #1 Analyst in 2005.
MichaelSelfScore

2) Michael Hallinan, Co-Founder and Chief Product Officer

Hallinan’s professional career spans more than 12 years of strategic innovation. Before co-founding SelfScore, he worked at U.S. CyberCommand and consulted Wall St. firms while at Booz Allen Hamilton.

SenderLogoNew

Sender is the first messenger for businesses, enabling direct chat communication with customers. Sender – like Google’s Search Bar with endless possibilities. Sender – the last and only app.

Features:
  • Creates 2-way communication of business with customers like in usual chat
  • Provides possibility for businesses to create business processes without developers and endless softwareApps updates
Why it’s great
People communicate with each other via chats with similar interfaces. Businesses communicate with people via apps with various unique interfaces and user experiences. 
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Presenters:

1) Kristina Chaiykovskaya, Department Head of E-business in PrivatBank
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2) Maria Gurina, Liqpay Business Development Manager at PrivatBank 

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3) Egor Avetisov, Creative director at Sender 


TopImageSystemsLogo

Top Image Systems’ next-generation mobile image capture and processing solutions, like GlassCapture, are designed to make account opening, bill payment and other mobile-initiated process simple and fun!

Features:
    • Optimal user experience leads to customer loyalty
    • Upfront validation ensures the image is correct 
    • Perfect image capture enables straight-through processing in the backend
Why it’s great:
FIs that establish a reputation for mobile innovation are likely to benefit in the future from greater market share and more loyal customers.