Finovate Alumni News

On Finovate.com

  • SumUp Goes Beyond mPOS with New Online Payments Suite.
  • Hot Takes! Fierce Debate! Finovate Presents the Battle of the Fintech Analysts.

Around the web

  • Ixaris appoints WorldPay co-founder and former Skrill/Paysafe Group CEO David Sear as Chairman
  • Leumi Card to use Feedzai’s Artificial Intelligence platform to fight fraud.
  • PYMNTS takes a look at Modo’s COIN technology.
  • iSignthis deploys its Payidentity service to Borgun.

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.

FinDEVr APIntelligence

FinDEVr Silicon ValleyFDNY17_EventLogo_v1(wdate) was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

The latest from FinDEVr Silicon Valley presenters

  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • Extended partnership makes Yodlee’s data aggregation available via Backbase’s Open Banking Marketplace.
  • Hyperwallet announces support for real-time, push-to-card payments-solution,Visa Direct.
  • Full Envestnet | Yodlee Integration Give Advisers Big Picture View of Client Finances.
  • Modo to give the Bank of America access to its COIN Operated Digital Payments Hub.
  • Expensify launches direct integration with Zenefits.

Alumni updates

  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • Bluefin Payment Systems launches cloud-based hosting option for its DecryptxPCI-validated P2PE product through Amazon Web Services.
  • Intuit expands partnership with PayPal to provide QuickBooks Online customers with a new way of accepting payments via PayPal.
  • Chain launches open-source edition of its distributed ledger, Chain Core Developer Edition.
  • Avoka earns a pair of “XCelent Awards” for service and breadth of functionality from Celent.
  • Trulioo announced that its GlobalGateway platform now reaches 60 countries.
  • On Deck Capital and Kabbage agree to disclose SMB loan pricing.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr Live: Modo Payments Shows Developers How Digital is the New Mobile

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modopayments | @getmodo

Modo_FinDEVr2015_logoModo is connecting commerce to the new digital economy. Modo’s platform operates like a shipping container for intermodal payments. Value can be loaded into the container from a variety of systems, delivered across one or more channels, and arrive at a wide variety of destinations. Modo connects different types of value as well, including cards and accounts, and currencies such as digital, loyalty, offers, gifts, and cryptocurrencies. Modo also connects directly to mobile phones, with an innovative Connected Beacon that makes beacons two-way, instead of one-way, interactions.

Mobile payments are dead … long live digital payments
Mobile payments are the solution for a problem that doesn’t exist. Modo’s CEO will describe his voyage of discovery from mobile to digital and demonstrate why connecting containers is the next big wave in payments.

Key takeaways:

  • Why digital is the new mobile
  • How connecting commerce breaks the logjam
  • Get a tour of Modo, an awesome solution for connecting commerce to the digital economy

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Presenters:

Bruce Parker, CEO, Founder
LinkedIn | bruce@modopayments.com

Parker is a self-declared payments geek, a visionary and strategist for some of the largest and most innovative payments-technology companies in the world. Parker has created new products, built partnerships, and shaped strategies that have moved the payments industry.

Aaron Wilkinson, Chief Architect, Founder
LinkedIn | aaron@modopayments.com

Wilkinson has a decade-and-a-half of experience in software engineering that began with a foundation of real-time, embedded software for high-end military vehicles. He has branched out to many other fields, from user interfaces to software architecture and web services.

FinDEV 2014: ModoPayments Helps Builders Create Beautiful Buying Experiences

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This post is part of our live coverage of FinDEVr San Francisco 2014.

ModoPayments showed how beautiful apps lead to beautiful mobile buying experiences.

How to Find Money & Love with Mobile Apps (OK, maybe more money than love)

Learn about the best-kept-secret in mobile payments APIs: Modo. Modo will show you in 6 minutes or less how to build a beautiful buying experience that entices consumers to spend money, and make you money, through exceptional economics. This is all with the cunning use of the mobile app of your dreams. Your love mileage may vary.
Presenter: Bruce Parker, CEO & Founder
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About:
With Modo you can build beautiful buying experiences, with exceptional economics. Whether you are looking for more sales, transactions, or rockstar moments for your consumers, Modo can help. Using Modo’s handcrafted API, your mobile app gets to perform in-store purchases at tens of thousands of store locations. Modo powers the payments and you design the experience. Everyone is looking for something: personal, magical, and beautiful. So why not give it to them? Your app, plus our platform – more of what you want.
Twitter: @GETmodo

FinDEVr Preview: CopSonic, Finicity, Mifos Initiative, ModoPayments, and OnDeck

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FinDEVr begins in just over a week. To be a part of the first fintech event for developers, click here to get your tickets today.

Here is Part Two of our last look at the companies that will demo on Tuesday, September 30. In this installment, we meet:

Part Three is available here. If you missed our first installment, check out Part One here.
And don’t forget to join the growing community of developers, software architects, and engineers on Bizzabo


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CopSonic is a French company founded in 2013 specialized in the development and marketing of its sonic and ultrasonic authentication technology. The company is composed out of a strong team of researchers and engineers specialized in security, payment, sonic and ultrasonic authentication protocols. Recently, CopSonic joined the Microsoft Partner Network and became a member of the FIDO Alliance organization.

Keynote: Sonic and Ultrasonic Authentication Solution Working on All Mobile Phones
The CopSonic SDK allows contactless multi-factor authentication based on ultrasounds or sounds. This SDK is the first to introduce an “air gap” with encrypted analog information into the digital circuit. The security level thus achieved by CopSonic reaches current military security levels.
CopSonic is a universal solution working on all feature phones, smart phones, smart watches, tablets, computers, smart devices, internet of things, etc. as long as they are equipped with speakers and/or a microphone. It is operational on all standard GSM networks, on the intent or any other TCP-IP compatible network. The solution requires no change of Telco or of the existing hardware.
CopSonic enables e-commerce, financial and cybersecurity industries to propose a universal and secure solution for strong authentication to all of their customers worldwide. This authentication solution is an alternative to the use of online and/or offline passwords.
PhonicAccess and GateSonic are anti-phishing use cases of this highly secured technology. Also, for the first time, CopSonic enables the use of smart-bracelets as secure access key.


FinicityLogo_FinDEVr

Founded in 1999, Finicity is a privately held fintech industry pioneer. Leading the charge to the Evented Financial Web, Finicity enables fintech developers to build real-time apps through its RESTful Aggregation API and the Finicity API Platform.

Keynote: Aggregation Reloaded
Forged and hardened in consumer PFM over the past 13 years, Finicity is publicly launching its Financial Aggregation API service with unparalleled FI uptime, broad FI coverage, 24/7 developer support, and exciting new endpoint features that will elevate your UX.
Why it’s great for developers:
  • 24/7 Pre and Post-deployment Agg Support
  • Improve your app UX with unparalleled FI Agg uptime
  • Come see the launch of the Evented Financial Web
The Finicity API Platform, RESTful Aggregation API and Developer Portal make it EASY to deploy financial apps into the Evented Financial Web ecosystem.


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The Mifos Initiative is a 501(c)3 non-profit that guides the development of the Mifos X solution for financial inclusion, an API-driven open source platform with a suite of configurable cloud apps. Our community speeds the elimination of poverty by scaling financial services to the 2.5 billion unbanked.

Our platform is game-changing because we are mobilizing a global community, which is the only way to confront the massive problem we face. Our open source license and community driven approach is unlocking new collaboration and enabling new business models that will allow the financial inclusion sector to scale upward and outward. It enables small institutions to mature and large institutions to reach down cost-effectively in a manner that never could be possible before.
Keynote: Mifos X, Open Technology Platform Unlocking New Opportunities at the Base of the Pyramid
There is a massive opportunity to serve the 2.5B individuals who lack access to financial services. Discover how you can build and scale mobile and cloud-based solutions on top of the open Mifos X platform for financial inclusion, which is led by a global community & backed by Silicon Valley.
Mifos X is the world’s only open source technology platform for financial inclusion. Built around an API-centric, cloud-based software architecture, the Mifos X Platform is a modern, connected core banking system for responsible financial services organizations bringing basic financial services to the poor globally.
Our innovative solution consists of a full suite of open technologies to scale the reach of financial inclusion to the 2.5B unbanked, encompassing an open source platform released under the Mozilla Public License 2.0, completely exposed through a full set of open APIs as well as a suite of cloud products and mobile apps on top of the platform. Whether you are an innovator looking to build a brand new fintech solution, an integrator looking to integrate or scale an existing product, a reseller looking to extend, implement, support, or host a feature-rich core banking system, or a financial institution looking for a solution out of the box, Mifos X has it covered.
Mifos X consists of 1) the platform (A RESTful back-end which talks to a MySQL database and is built on the Jersey/Spring/JPA stack) 2) the community app (AngularJS app that provides support for the most commonly used financial inclusion model
s) and 3) RESTful APIs from our platform accessing all the core underlying functionality to enable the community to quickly build their own enterprise grade financial inclusion products/apps on any technology stock.
Workshop: Building Apps for Financial Inclusion on the Mifos X Platform
In this hands-on session, you’ll learn how to quickly build enterprise-grade financial inclusion solutions on top of Mifos X, an open-source cloud-based Java platform providing the common core banking functionality through a full set of RESTful APIs, an AngularJS web app and an Android client.
Why it’s great for developers:
  • Market-Validated: 75 customers serving 2.5M clients
  • Open & Community-Driven: Open Source via MPL 2.0
  • Extensible: Complete platform – RESTful APIs on a modern tech stack
Mifos is the world’s only fully open API-driven platform for financial inclusion providing a technology foundation to reach the 2.5 Billion unbanked at the Base of the Pyramid.


ModoLogo_FinDEVr

ModoPayments powers better buying experiences with better economics, created by YOU! Using our handcrafted API, any developer can build their own mobile app with the ability to perform in-store purchases at tens of thousands of store locations. Modo powers the payments and tech and you design the experience.

Keynote: How to Find Money & Love with Mobile Apps (maybe more money than love)
Learn about the best kept secret in payments platform APIs: Modo. Modo will show you in 6 minutes or less how to build a better buying experience that entices consumers to spend money, and make you money, with the mobile app of your dreams. Your love mileage may vary.
Workshop: Get Your Hands on Modo
Now you know the secret about how the Modo API can transform buying experiences for your users, audience or customer base, and make real money with your mobile app. Get to this workshop, roll up your sleeves, and build an app you will fall in love with.


OnDeckLogo_FinDEVr

Launched in 2007, OnDeck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses to efficiently deliver capital to a market underserved by banks. Its proprietary technology – the OnDeck Score – enables small businesses to obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. OnDeck’s credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner’s personal credit history.

As a leading direct lender of small business loans, OnDeck has deployed more than $1 billion in capital nationwide.
Keynote: OnDeck Lending API’s – Frictionless, Extensible, Powerful
The OnDeck Score evaluates thousands of data points – from cash flow to public records to social data – to more accurately and efficiently assess business health and deliver capital in as fast as 24 hours.
Pamela Rice, OnDeck’s SVP of Technology, is discussing how the OnDeck platform provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
The company has several APIs, which provide powerful, fully integrated lending capabilities, to third party partners, thus allowing for instant pre-qualifications, pre-approvals and loan applications. Through a coding and product demo, Pamela will demonstrate how both developers and non-developers can interact with OnDeck’s APIs in a UI sandbox and how to utilize our Salesforce app for frictionless plug-and-play integration.
Why it’s great for developers
  • OnDeck’s technology makes the lending process simple, fast & efficient
  • APIs enable 3rd parties to provide more small businesses with the capital they need when they need it
  • OnDeck’s technology has enabled the lender to deploy more than $1 billion in capital to small businesses across the U.S.
OnDeck’s technology has enabled the lender to deploy more than $1 billion in capital to small businesses across the U.S.

Click here for Part Three of our look at fifteen companies that will be sharing their innovations at FinDEVr on Tuesday, September 30.
And if you missed our previous editions of our FinDEVr Preview, the links below will help get you up to date.

Finovate Alumni News– October 23, 2012

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  • Dwolla upgrades iPhone app and adds ability to pay money requests.
  • The Receivables Exchange appoints Henry Allen as New CEO.
  • SimpleTuition launches Private Student Loan Refinance Center.
  • Xero and Bill.com enable integration, ease transactions and cash management.
  • Now Plastyc’s UPside Visa customers can add cash to cards instantly at Walmart.
  • NFU Mutual automates paper processes with Tibco. Check out Tibco’s live demo at FinovateAsia.
  • Equifax selected byIRS as one of first eTranscript Pilot Vendors.
  • ModoPayments and Alliance Data partner to offer mobile solutions to retailers and U.S. Consumers.
  • Bill.com wins Sleeter ‘Awesome Application’ Award.
  • San Diego North County Times reports StockTwits: Howard Lindzon takes stock talk to new level.
  • Bridge2 Solutions and Affinity Solutions launch mobile app.
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– February 22, 2012

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  • Expensify now enables centrally managed company mileage rates.
  • ProfitStars refreshes brand image to make info more accessible for financial institutions.
  • AlphaClone to offer Alternative Alpha ETF from U.S. Bancorp.
  • Entrepreneur points to ModoPayments as a tech innovation shaping user experience.
  • AirStrip Technologies selects Diversinet’s MobiSecure SDKs for Government healthcare applications.
  • Finextra reports Geezeo signs Alabama Telco CU.
  • FINalternatives interviews Currensee CEO Dave Lemont.
  • Three Finovate alumni named Lead411’s Hottest San Francisco Companies.
  • miiCard asks FinovateEurope 2012 attendees about this year’s fintech trends.
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.

With modoPAYMENTS, Consumers Pay With its Phone and Get Rewards

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Starting off the second session this afternoon, modoPAYMENTS showed its product in-use and demonstrated: 
“The ability to on-board a merchant for Modo, signup some especially great new users for Modo, and distribute an innovative offer to those super fine users, all in the space of 7 minutes. Oh, and we’re also executing a mobile payment using Modo at a local establishment.
Key takeaways are the frictionless adoption with no special infrastructure requirements, the ease of use for merchants, brands, and consumers, and finally how transaction data creates useful information for all parties. Modo closes the loop on the promotion, purchase, payment cycle.
When we are done you’ll understand why we say: Pay with Modo. Get more Modo.”

Product Launched: September 2011 

HQ Location: Dallas, TX 

Company Founded: July 2010 
Metrics: Bootstrapped, 14 ModoNauts, pre-revenue
Presenting Bruce Parker (Founder & CEO) & Aaron Wilkinson (Founder & Chief Architect)

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FinovateFall 2011 Sneak Peek: Part 1

FInFallLogo.jpgMore than 60 leading fintech innovators, both startups and established companies, are gearing up to present at the biggest Finovate ever, Sep. 20/21 in NYC.

Each company provided a sneak peek of what they’ll be demoing on stage next month. Below is the first installment of these teasers. We’ll have more next week. 
Don’t miss your chance to see the live demo from each company and meet the execs responsible. Get your FinovateFall ticket here
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Backbase is launching “Retail Bank of the Future,” representing the e-banking engagement experience of tomorrow. It embodies the newest User Experience (UX) patterns based on input gathered from customer research, industry thought leaders and UX specialists.
Innovation type: Mobile UI, online UI

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Personal finance is a chore and not too high on any To-Do list. Life is busy and finance stresses people out. 
At Balance, we manage your personal financial chores for you. We combine professional service (your own bookkeeper!) with all of your financial accounts and bills in one place for a fully managed experience that is personalized for you.
At Finovate we will show how you can now connect your financial accounts to Balance and power our newest expense tracking, budgeting and custom reporting tools. Also, look for a demo of our photo bill pay app and some other surprises!
Innovation type: Banking, payments, PFM

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Saving for a house? And retirement? And that dream vacation? No problem with Betterment.com! We’ve created the simplest, fastest, and most efficient way for consumers to invest for their goals and the future.
Innovation type: Banking, investing, PFM

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Banks need to re-define the relationship they have with consumers if they want to succeed in today’s market. StatementRewards has introduced an effective way for financial institutions to inexpensively reward their consumers for banking with them, which in turn increases loyalty and customer satisfaction. 
At Finovate, BillShrink announces a new innovation that harnesses the intelligence of aggregated transactional data and applies it to customers’ social networking and purchase management activities. By utilizing advanced analytics to present the most personalized offers and other services to customers, StatementRewards gives financial institutions a unique, competitive edge.
Innovation type: Cards, PFM, rewards

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Want to see the definitive search engine for tackling today’s banking issues? cbanc Network has created a revolutionary online collaborative platform for financial institutions to share best practices. This secure online community contains the largest repository of peer-authored, board-approved, exam-tested content anywhere. Here, banking professionals trade real, practical work — including policies, procedures, agreements, vendor reviews and more from every department of a bank or credit union. 
This network
  1. Motivates people to share their best work 
  2. Uses points as currency to incentivize users 
  3. Helps FIs prepare for exams
  4. Protects users around legal and competitive concerns of sharing
Innovation type: Back office, online UI, security

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The technology of the CLX.SentinelDisplay, a Class 4 reader with a hardened browser, hardened middleware, an integrated smart card and a high-resolution display,  ensures extremely high, comprehensive security in e-banking applications. 
Along with the reader’s extremely secure customer authentication and transaction signing mechanisms, the advanced concepts for application authentication and pro-active security updates is unique. The hardened browser (CLX.SecureBrowser) onboard the reader ensures full confidentiality of customer data – a security aspect that is often entirely ignored.
Innovation type: Identity, payments, security

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DeMystData’s new web-based modeling platform helps lenders grow thin file portfolios without increasing their risk level. With minimal inputs, our tool leverages the vast amounts of data accumulated online, applies advanced statistical techniques, and configures a bespoke predictive API that captures additional customer information without adding underwriting complexity.  
The DeMystData platform has application in variety of commercial environments incl
uding credit issuance, risk assessment, segment identification, and offer customization.
Innovation type: Identity, lending, marketing

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Credit unions, banks, financial advisors, financial institutions: How are you delivering youth financial education to your client families? How are you connecting with your next generation client? How are you fulfilling Community Reinvestment Act (CRA) responsibilities for financial literacy programs that progress in complexity as students get older? 
You’ve tried online content and even interactive online games, but the results are disappointing. Neither can hold a child’s attention for long or keep them coming back over the years. We have a better way. It’s no game. It’s real experience. It works. We can’t wait to show you at FinovateFall 2011.
Innovation type: Online UI, PFM

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Fuze Network provides innovative ways for financial companies and their customers to work together. Learn how we help billers to build brand loyalty, aid in collection efforts, reduce fees, boost your customer service efforts and help to eliminate misdirected funds.
With Fuze at your back we can help to boost your store traffic, drive sales, increase revenues and simplify the hassle of payment processing all while creating a better customer service experience.
Fuze helps connect customers with the closest payment locations, online bill payments, simple cash payment solutions, and easy utility bill payment all while saving them fees and the hassle and stress of paying bills.
Innovation type: Back office, cards, payments

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Ready to have your financial mind blown away? Lighter Capital is combining light-hearted irreverence PLUS a light-weight and flexible funding structure PLUS a social-based investment decision analysis to make it easier, faster and more fun for small businesses to access capital than ever before! Get ready!
Innovation type: Investing, lending, small business

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KulaX is a cross-sell engine that enables financial institutions to leverage their online banking platform to generate more leads faster without interfering with core banking functions. 
Online banking customers are targeted with the “next best product” where they are invited, at logout, to engage in an automated one-on-one microinterview with their financial institution about their financial products needs and preferences. Upon interview completion, customers are presented with special offers for the FI’s products and services that have been tailored based on interview responses; requested offers are emailed to customers.
Innovation type: Marketing, rewards

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Modo converts redemptions to payments, and makes payments mobile.  Our demo will show how easy it is to onboard consumers and merchants, as well as the simplicity of paying with modo.  
And of course, most importantly, why you should GET modo and PAY with modo, in the first place: MORE!

Innovation type: Mobile, payments, rewards


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When your brand is in the palm of your customer’s hand: make the most of mobile technology. Mootwin helps your business enhance the mobile customer experience, re-enforce loyalty, and accelerate revenue growth.

Innovation type: Communications, marketing, mobile


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MShift and ACI Worldwide formed an alliance in 2010 to offer mobile delivery of ACI Enterprise Banker, the industry leading business banking solution.  
They are now partnering to create a ground-breaking mobile business banking native application for the tablet. The application is focused on robust and graphically rich presentations of financial data as well operational tasks like ACH, wire release and bill payment, all with access from anywhere at anytime.
Innovation type: Banking, mobile, payments

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MyCyberTwin will demo its Artificial Intelligence solutions, called virtual agents
, and give a detailed explanation about how current leading financial institutions are using the technology today and will use the technology in the future.
It is a powerful demo to show an audience how a computer thinks and answers questions in real-time, helping customers get the answers they need while helping companies garner the intelligence of the customers visiting their websites. This demo will also showcase an emotionally responsive AI virtual agent able to capture emotion including smiling, frowning, and expressing gratitude.
Innovation type: Communications, marketing, sales

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The oFlows paperless loan and deposit originations system has expanded beyond financial institutions.  Because oFlows has seamlessly integrated credit, fraud and payment systems, now anyone can use oFlows for just about any transaction.
Think of the last time you were handed a clipboard with a paper form on it. Next time it might be a tablet computer running oFlows.
Innovation type: Banking, lending, mobile

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Consumers have plans, life plans, and want to understand how those plans affect their finances in the future, so they can make better decisions.
Planwise is launching tools that will help any consumer, from the teen buying a laptop, the 20-something buying a car, the couple buying their first home to the astute property investor, to better understand how their decisions today might look in the future financially.
The consumer can then connect with the lender or adviser of choice to quote, get advice or apply.
Innovation type: Lending, marketing, PFM

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Putting money aside for a rainy day is easier said than done. Many Americans do not have any money saved for emergencies. 
Plastyc aims to change this by introducing automated savings built into prepaid card accounts. Setting aside a few dollars every day, week or month will be just a single click away. Money accumulated in the savings purse of the card account will reward savers with cash at unprecedented rates.
Innovation type: Banking, cards, online UI

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ReadyForZero is an online program for the 77% of American families who are paying down debt. For individuals and families, ReadyForZero facilitates the management and reduction of debt. 
For financial institutions, the program is a low-touch and consumer-friendly alternative that reduces net credit loss and improves customer retention.
Innovation type: Online UI, payments, PFM

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Rebirth Financial, noted by the Federal Reserve Bank of San Francisco as a company to “change the US finance system,” is shaking up the small business lending game again! 
In February, Rebirth launched the nation’s first peer-to-business lending platform. Shortly after, Rebirth uniquely integrated SBA and CRA lending into the P2B mix. 
Now, Rebirth is introducing the JAS Rating System! It’s a system that will redefine the way we analyze small business and a must-see for financial institutions lending to small businesses and companies wondering whether they should extend credit to a new client. It’s just another game changer from Rebirth Financial.
Innovation type: Back office, lending, small business

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T8 Webware is bringing native mobile services to the masses by giving consumers real-time access to their financial purchase capabilities. Grip, a financial decision-making tool supports consumers’ daily needs, empowering them to understand their money flow simply and without clutter. 
Grip enables financial institutions to provide convenient information on the go; addressing consumers’ mobile needs through a highly secured mobile and tablet app. With no reliance on core integration, financial institutions can offer Grip almost immediately and without any upfront fees. It can be deployed in three weeks and costs 99 cents each month for customers who use the app.

Innovation type: Communications, mobile, PFM


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The Transecq solution, powered by ENTERSECT ITA, has revolutionized two-factor authentications by utilizing the power of the end user’s mobile device, fully encrypting the device and creating a multi-factor authentication tool. 
Strong 2-Factor authentication delivered ubiquitously across the globe puts the power of approval in the appropriate hands.Thus providing protection and security way beyond passwords and account challenges.
Transecq is the industry leading innovator and developer of mobile security sol
utions for the financial services market.  All the services leverage the security of Digital Fingerprint technology which uniquely ties a user and his/her mobile phone to an encryption key.

Innovation type: Communications, identity, security


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Weemba revolutionizes the way borrowers and lenders find each other and interact in a social-network-like online format. Borrowers create a profile and post a loan project under a nickname. 
Profiles may include everything from the Borrower’s income and education level (individuals) to their number of employees and annual sales (businesses). Lenders search projects by credit score, amount needed, purpose and more. 
When a Lender finds an interesting project, the Lender then may ask the Borrower for access to their real identity. If the Borrower grants access to the Lender, all further contact and any negotiations take place outside Weemba.
Innovation type: Lending, marketing

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At FinovateFall 2011, Yodlee will demonstrate customization without effort. The company has developed a way for banks to automatically tailor a consumer’s initial experience with personal financial management.
Or, as the company likes to say:
    Online banking can be such a chore
    Checking balances is often a bore
    With new customization
    You’ll cause a sensation
    Yodlee FinApps offers MUCH more
    All new at Finovate
    Banking that will motivate
    Inspire and personalize
    You’ll see how to stylize
    Your customers will tell you you’re so GREAT