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Alumni Updates from BAI Retail Delivery 2012

By Julie Muhn (@julieschicktanz) Posted on October 17, 2012
Categories: Cardlytics, Equifax, Fiserv, Guardian Analytics, mFoundry, MoneyDesktop, Monitise, Q2ebanking

Last week, I attended BAI Retail Delivery in Washington D.C. where over 200 exhibitors lined the trade show floor of the Walter E. Washington Convention Center.

There were 31 Finovate alums on the expo floor, and even more in attendance. My schedule was packed, but I was able to catch up with a handful of Finovate alums.

Here’s what I learned.

Cardlytics

The card-linked offers company is in the middle of a successful mobile deployment effort with BofA, PNC, Regions, and a few other unnamed FIs. After launching their respective rewards programs on mobile, the FIs have seen an increase in user engagement and an increase in the number of online banking visits per user.

It is also working on International expansion. So far the top 3 European card issuers have signed.

CardlyticsTablet1.1.jpg

BofA’s BankAmeriDeals on tablet interface

BofA’s BankAmeriDeals on iPhone mobile app

Equifax

The consumer credit reporting agency recently launched its Insight Score for Retail Banking, a solution that will help FIs generate a risk score for underbanked individuals with no credit data or history. It does this by using non-FI-related payment data from companies like Telco and other TV and cable providers.

Fiserv

The fintech provider showed me its SpotPay payment dongle and back-end solution. It appears to be Fiserv’s response to Square that it will co-brand with FIs. Fiserv is able to on-board FIs with SpotPay in a couple of days, so it is a quick way for FIs to get into the payments game.

While there is an $8.95 per month fee, it is competitively priced, charging only a 1.99% fee on a swipe, and a 3.19% fee on card-not-present transactions.

Fiserv’s SpotPay dongle being used on an iPhone

Guardian Analytics

Because volume and sophistication of fraud has grown, Guardian Analytics started bank-sourcing (think crowdsourcing) fraud by bringing multiple institutions together to collaborate on the types of fraud they’re seeing so the whole industry will be better at fighting it. Tiffany Riley, Guardian Analytics’ VP of marketing tells me they’ve received positive feedback so far.

mFoundry

Mobile banking solutions company, mFoundry launched its Fin.X platform. This platform can be thought of as a type of app store for FIs to select which products/services they want to include in their mobile app.

At BAI, mFoundry announced partnerships with Blackhawk Network, Dwolla, and Micronotes

to white-label their solutions within the Fin.X platform.

An example of what the Fin.X app platform could look like on a tablet

MoneyDesktop

The PFM won CUNA Tech Council’s Best of Show Award at BAI. This counts as its 5th Best of Show award.

MoneyDesktop team with BAI President & CEO, Deborah Bianucci

Monitise

After the mobile money solutions company acquired Clairmail 3 months ago, Monitise now has 17 million active users. It is in trials of an NFC solution with a few banks. The solution uses a sticker as opposed to a chip inside of the actual device.

Q2ebanking

The electronic banking solutions provider launched Q2clarity, a tablet-optimized dashboard that provides customizable analytics and visibility to how customers are using an FI’s mobile and online platform. Providing these metrics to a branch manager, gives them the ability to make more informed decisions about which products and services to offer.

These eight companies are just a fraction of what I saw at BAI this year. For more information on who attended the trade show, visit here.

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Finovate Alumni News– October 2, 2012

By Julie Muhn (@julieschicktanz) Posted on October 2, 2012
Categories: Backbase, Braintree, Cortera, Fenergo, Figlo, Geezeo, ID Analytics, InComm, Lighter Capital, MoneyDesktop, Monitise, SaveUp, Truaxis, Yodlee

InComm celebrates 21 years in the payments industry.

Backbase introduces My Backbase, a platform supporting integrators, partners, professionals, prospects and customers.

ID Analytics and iovation partner to fight online fraud.

Yodlee strengthens management team with three key executives.

The Financial Brand features SaveUp’s saving gamification model.

Monitise announces partnership with eMerit Solutions.

Fenergo enhances FATCA Compliance Solution with auto-classification.

Cortera appoints Gary Brooks as Chief Marketing Officer.

Entrepreneur Magazine features the success of a business recieving financing through Lighter Capital.

Geezeo signs Riverside Community CU.

TechCrunch reports: Braintree eases signup process for developers

Money Marketing takes an in-depth look at FinovateFall demos.

MyBankTracker reports MoneyDesktop launches Sleek Mobile Apps.

New Dutch bank uses Figlo Platform to offer online financial overview.

Citi using Statement Rewards from Truaxis to bring card linked offers to cardholders.

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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New Online Banking Report Published: The Best of FinovateFall 2012

By Julie Muhn (@julieschicktanz) Posted on September 28, 2012
Categories: Credit Sesame, Dashlane, Dynamics, eToro, LearnVest, MoneyDesktop, PayTap, ShopKeep POS

We wrapped up FinovateFall in New York City about a week ago. Over the course of two days, 64 companies give seven-minute demos to an audience of around 1,100. We’ve summarized the information and presented in our latest Finovate Report, Fall Edition.

Introducing:

The Best New Products at FinovateFall 2012

This post-show wrap-up is designed to help those that weren’t there get a better understanding of the major themes. And for those that were in attendance, it’s a box score to compare with your own notes and impressions.

In the report, we looked at the three big trends that emerged at FinovateFall:

Small businesses get the same financial tools as bigger businesses
Security moves past the PIN
Beyond plastic, the mobile wallet is here

And we profiled each of the seven companies voted Best of Show by the attendees at the event (note 1):

__________________________________________________________________

About the report
__________________________________________________________________

The Best New Products at FinovateFall (link)
Includes a look at all eight Best of Show winners

Author: Julie Schicktanz, Finovate Group Research Analyst
Editor: Jim Bruene, Finovate Group Founder

Published: 28 September 2012

Length: 59 pages, 12,000 words

Cost: No extra charge to OBR subscribers, US$195 for others

The printed version will be mailed to subscribers next week

_________________________________________________________________

Note:
1. See Best of Show methodology here.

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FinovateFall 2012 in the Press

By Julie Muhn (@julieschicktanz) Posted on September 17, 2012
Categories: aSpark, Banno, Credit Sesame, Dashlane, Deluxe, Dynamics, eToro, Ideon FS, ImpulseSave, LearnVest, Linkable Networks, Locaid, MasterCard, MoneyDesktop, mShift, Payfone, PayTap, Personal Capital, PreCash, Stockr, The Currency Cloud, Thomson Reuters, Tuition.io

Here’s a look at the press coverage from FinovateFall 2012 held September 12 and 13 in New York:

ABA Banking Journal

Bank Technologists Meet American Idol

by John Ginovsky