Finovate Alumni News

On Finovate.com

  • “LoopPay-powered Samsung Pay Launches

Around the web

  • MSN Money interviews Betterment CEO Jon Stein on the relationship between Baby Boomers and robo-advisors.
  • Xero announces plan to help SMEs get bank loans.
  • Jessica Ellerm talks with Mitchel Harad, SocietyOne CMO.
  • Discussion on multifactor authentication features insights from Thomas Bostrom Jorgensen, CEO of Encap Security.
  • Fox News looks at Realty Mogul in a feature on real estate investing for non-millionaires.
  • Blackberry selects PayPal for its P2P Payments provider.
  • ThreatMetrix appoints Armen Najarian as chief marketing officer.
  • Team One Credit Union and Mshift expand pilot tests of MShift’s AnyWhereMobile by bringing more merchants on board.

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

On Finovate.com

  • Xero and ZenPayroll Win Honors at CPA Practice Advisor 2015 Reader’s Choice Awards
  • Finovate Debuts: Using Financial Media Solutions’ MAPPS to Create Videographics

Around the Web

  • MasterQueue, powered by Intellaegis, partners with Whitepages Pro.
  • Bitpost lists Coinbase and Blockchain as 2 of the top 5 bitcoin wallets on Android.
  • EVO Payments partners with Boomtown to simplify tech support for POS developers and merchants.
  • Fintech Today reports: With Paydiant, PayPal Will Be a Huge Hit with Merchants.
  • Blackhawk to integrate Kofax Mobile Capture SDK into its digital services platform.
  • Team One CU to pilot MShift’s AnyWhereMobile payment-network with a locally owned restaurant in Michigan.
  • SecondMarket’s Bitcoin Desk Relaunches as Genesis Trading.
  • Taulia named by AlwaysOn as a 2015 OnFinance Top 100 Company.
  • According to Gartner, Check Point Software Technologies lead the worldwide market share for firewall equipment in Q4 2014 and FY 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.

 

MShift’s AnyWhereMobile Can Increase Debit Card Revenue for FIs While Reducing Interchange for Merchants

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

First to take the stage this session, MShift showed how AnyWhereMobile can bring debit card revenue to financial institutions while reducing interchange expenses for merchants: 
“AnyWhereMobile is a mobile payment network that will reverse the trend of Durbin and stabilize debit card margins for issuers while reducing interchange for merchants by 50%. AnyWhereMobile issuers will benefit from increased transaction volume, as merchants will be incentivized to steer a consumer’s tender choice to AnyWhereMobile. 
Our innovation creates a win-win-win for financial institutions, merchants, and consumers by fundamentally reducing the cost of a payment and passing the savings on to all three parties. AnyWhereMobile payments are authorized and secured at the point of sale in real time and have no dependency on any static card numbers.”
Presenting: Jeff Chen (VP Business Development) and Alan Finke (VP Engineering & Development)

Product Launch: August 2014 
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Fremont, CA
Founded: January 1999
Website: mshift.com 

Finovate Alumni News– October 12, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIDentity Theft 911 to offer Humana members ID management & credit monitoring services.
  • ThreatMetrix honored as bronze winner in the 4th annual 2012 Golden Bridge Awards.
  • Euromoney looks at SoMoLend as a funding alternative.
  • ReadyForZero answers questions about debt on Lifehacker.
  • Geezeo opens API to third party developers.
  • Monitise CFO John Brougham retires.
  • Finsphere issued 4th patent.
  • TIO transforms bill pay options for growing Hispanic marketplace through partnership with Progreso Financiero.
  • Arroweye Solutions’ digital tech powers growth at GiftCard.com.
  • Allied Wallet partners with Swedish e-commerce payment services provider Klarna.
  • Janrain and Bazaarvoice team to enhance social shopping experience via social login.
  • Pageonce and Blackstone Tech Group partner to bring utility companies a mobile payment option for customers.
  • Idaho Central CU launches RDC powered by MShift.
  • MyBankTracker reports Fifth Third Bank Statements Now Available on Manilla.
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.

FinovateFall 2012 in the Press

Here’s a look at the press coverage from FinovateFall 2012 held September 12 and 13 in New York:
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ABA Banking Journal
Bank Technologists Meet American Idol
by John Ginovsky

AdvisorOne
Stock Picking Goes Social as Stockr, aSpark Debut
by Joyce Hanson
American Banker
Apple Effect Evident at Innovator Gathering
by Mary Wisniewski
Dynamics Adds Another Option for Its High-Tech Cards
by Daniel Wolfe
Payfone Aims to Make Mobile Payments Pain-Free
by John Adams
PreCash to Debut Mobile Wallet for the Underbanked
by Daniel Wolfe
Reporter’s Notebook: Day 1 FinovateFall Favorites
by Mary Wisniewski

The Top 10 Tweets of Finovate

Andera blog
Finovate Takeaway: User Experience in Retail Transactions
by Andrea Hunter

Bank Innovation
Finovate Fall 2012: Demo Performance Scores and Reviews
by JJ Hornblass

Wade Arnold, CEO of Banno, Presents Grip
by Phillip Ryan

Bank Systems & Technology
5 Hot Bank Technologies From FinovateFall 2012
by Bryan Yurcan
Banno Releases Updated Grip Product
by Bryan Yurcan
MasterCard Forms New Rewards Program Partnership with Linkables Networks
by Jonathan Camhi
Mobile Commerce Company Payfone Debuts Checkout Solution
by Bryan Yurcan

Business Insider
Financial Planning Startup LearnVest Already Has Millionaire Clients
by Alyson Shontell

The Business Review 
To save or buy is ImpulseSave’s question

Celent
FinovateFall 2012 Recap
by Jacob Jegher

Consumer Reports 
Finovate Fall 2012: A solution to the mortgage crisis?
by Tobie Stanger
Finovate Fall 2012: Help with students’ loans and seniors’ bills
by Tobie Stanger

Finovate Fall 2012: Making, managing and keeping money
by Tobie Stanger

Finovate Fall 2012: Now maybe you’ll switch banks
by Tobie Stanger

Contactless News
Dynamics unveils Triple Interface, battery-powered payment card

Credit Sesame Blog
Check Out the Newest Way to Measure Your Credit and Loan Health!
by Erin Renzas

CreditUnions.com
Finovate Dispenses Inspiring Ideas (Part 1)
by Aaron Pugh

Finovate Dispenses Inspiring Ideas (Part 2)
by Aaron Pugh
The Currency Cloud blog
Finovate NY – Video & Photo Diary
by Nasir Zubairi 

CU Soapbox
GUEST POST: Innovation Unveiled In The Big Apple
Alix Patterson

Daily Finance
A Digital Wallet for the Unbanked: Mobile Finance Goes Downmarket
by Ross Kenneth Urken

The Digital Mailer Blog
FinovateFall 2012: A Recap

Discerning Technologist
Best of Show Locked Up? @MoneyDesktop Demo At #Finovate
by Bradley Leimer
Dough Roller blog
The Best Way to Track Your Investments Online (and it’s Free!)
by Rob Berger

Dwolla Blog

Dwolla at FinovateFall
by Caitlin
Financial Planning 
LearnVest Becomes an RIA, Plans to Hire Advisors
by Elizabeth Wine
Finextra
EToro launches social trading index
PreCash introduces mobile wallet for underbanked
Fintech Marketing blog
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY ONE
by William Mills III
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY TWO
by William Mills III
FintechToday
TOP TEN AT FINOVATE 2012
by Walt Cox
Forbes blog
4 Great New Tools to Manage Your Money
by Richard Eisenberg
Gonzobanker Can Make FinTech Amusing
by Tom Groenfeldt
LearnVest Reinvests In Its Mission: Financial Planning For The 99%
by Meghan Casserly
If You Want to Really Raise Capital, Try This Company and Not KickStarter
by Mark Fidelman
The Problem with Finovate
by Helaine Olen
GigaOM
Forget Mint, LearnVest’s new platform takes aim at financial planning industry
by Ki Mae Heussner
Locaid bolsters location service with IP address data
by Ryan Kim
Gonzo Banker
Vendor Dirt: 2012 Finovate Fall
by Scott Hodgins
Huffington Post Money Blog
Online Financial Planning: The Chilling Thing I Found Out About My 70th Birthday
by Catherine New
JP Nicols Blog
Finovate Fall 2012 Best of Show Winners
by JP Nicols
Keeping Nickels
My Tweets from #Finovate
by Nichelle Stephens
Moment NYC blog
Finovate Fall 2012: Less tech, more desire.
by Alexa Curtis
MyBankTracker
Dashlane: Finally Something that Might Actually Make Online Shopping Easier
Dynamics Introduces Card Capable of Swipe, EMV, Contactless Payments
Finovate Wrap-Up: What Can FinTech Do for You? Really?
by Willy Staley
Ideon Choice Unveils Platform for Customer-Created Savings Products
ImpulseSave: Another App to Help You Save
LearnVest Gets SEC Certified, Announces Mobile App, Upgrades
by Willy Staley
Linkable Networks, MasterCard Expand Card-Linked Offers
by Simon Zhen
Locaid: Enter the Digital Panopticon!
MoneyDesktop Connects PFMs Across Multiple Devices
mShift’s AnyWhereMobile Wallet Actually Adds Value
by Willy Staley
New Technologies Are Coming for Unbanked, Underbanked
by Simon Zhen
PayTap Debuts Shared Bill Payment Portal
PreCash Announces FlipMoney at Finovate: Mobile Money for the Underbanked
by Willy Staley
SwitchAgent: Bank-Switching Made Easy
by Simon Zhen
Tuition.io — It’s a Pun, Get It?
The New York Times Blog
LearnVest Dips Its Toes Into Investment Advice
by Ann Carrns
Next Avenue
4 Great New Tools to Manage Your Money
by Richard Eisenberg
NYConvergence
FINOVATE: Mobile and Social FinTech Innovations Dominate
by Lauren Keyson

PandoDaily
The Consumerization of Life’s Ickiest Chores Continues: LearnVest Injects Its Financial Planning Tools With Steroids
by Erin Griffith
PaymentEye
Payfone launches a mobile commerce checkout solution
PaymentsJournal 
MasterCard Keeps Investing in Rewards, This Time With Linkable Networks
PaymentsNews 
FinovateFall 2012 – Best of Show Winners
Payfone To Launch Mobile Commerce Checkout Solution
PayTap Launches Social Bill Pay Service
PreCash Introduces FlipMoney Mobile Wallet for Underbanked Consumers
The Paypers
Banno adds new features to Grip financial aggregation app
Payfone makes 1 Touch Checkout available, partners CardinalCommerce
PC World
New web apps tackle business finance problems
by Yardena Arar
PYMNTS
Banno Unveils New Features for Grip, Strengthens the Mobile Banking Standard with Pre-Transaction Insights
Silicon Prairie News
Banno unveils upgraded interface, new analysis tools for Grip
by Michael Stacy
Snarketing 2.0
SedUIced
by Ron Shevlin

Advice For Finovate Presenters
by Ron Shevlin
TechCrunch
Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You
by Sarah Perez
Dashlane’s Password Management Service Now Alerts Users When Their Accounts May Be Hacked
by Sarah Perez
It’s Not Just For Women Anymore: LearnVest Brings Financial – And Now Investment – Planning To Everyone
by Sarah Perez
Money Management Service Personal Capital Wants To Manage Your 401K
by Leena Rao
Telecompaper
Payfone launches m-commerce checkout service
Tier One blog
Finovate: Day One in Review
by Kathy Wilson
FinovateFall Part Two! All about Savings, Security and Slick New PFM Tools
by Sue Parente
The Next Web
eToro launches Social Trading Index for learning from other traders and sharing top techniques
by Jamillah Knowles
LearnVest launches redesigned tools, new financial plans and teases its upcoming iPhone app
by Harrison Weber
Thomson Reuters 
EPAM Systems and Thomson Reuters announced a partnership to develop and host an App Store solution
Upstart Business Journal
Financial planning, iPad app among best at Finovate
by Kent Bernhard, Jr
Get a 401(k), win an iPhone5
by Kent Bernhard, Jr 
LearnVest targets masses for professional financial advice
by Teresa Novellino 
No need to wait for crowdfunding
by Kent Bernhard, Jr
Personal Capital aims to disrupt 401(k)
by Kent Bernhard, Jr
Sci-fi meets finance at Finovate
by Kent Bernhard, Jr
VentureBeat
Financial planning for all: LearnVest gets its biggest update yet
by Devindra Hardawar

Locaid launches Internet and mobile location-tracking service
by Dean Takahashi
Be sure to check back because we’ll add more coverage as it is published throughout the week.

MShift Introduces AnyWhereMobile

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Concluding the first day here at Finovate, MShift showed how its solution helps community banks and credit unions issue mobile wallets:

“MShift presents AnyWhereMobile, a new payment network enabling Community Banks and Credit Unions to become the issuers of mobile wallets, and receive revenues from mobile payments. 

The AnyWhereMobile payment network will multiply the net interchange income of both debit and credit transactions for financial institutions, simultaneously slashing interchange fees for merchants by more than half. The technology behind the AnyWhereMobile initiative eliminates the majority of fraud losses for both issuers and merchants, and empowers merchants to generate additional rewards and discounts for consumers.”

Product Launching: Mid-2013
HQ Location: Fremont, CA
Company Founded: September 1999
Metrics: At 40+ employees, MShift’s history is as a profitable mobile banking company based in Silicon Valley. Now, they have innovated a new payment rail for use in their mobile wallets. MShift’s last capital raise was in 2000.
Website: mshift.com
Twitter: @MShiftMobile
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Scott Moeller (Chairman & CEO)
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FinovateFall 2012 Sneak Peek: Part 3

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Here is third and final look at the companies that will demo at FinovateFall September 12 &13 in NYC. Each company provided a short summary of the innovation they will debut on stage. In case you missed them, check out Sneak Peek Part 1 and Sneak Peek Part 2
Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateFall ticket here.
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Web-based attacks have been on the rise, and financial services is one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation. 
Akamai’s Kona Site Defender is the first cloud-based Web security solution to help financial services institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications, and associated data.
Innovation type: banking, online, security

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Banno brings instant pre-transaction insights derived from location, historical spending outliers and upcoming bills to its mobile experience.
When looking at bank statements, people naturally perform regression analysis and predictive modeling to find outliers in spending. In other words, Where did my money go? We feel that everyone needs more absolute data points to help in this decision process. Grip’s dashboard provides easy access to your immediate historical financial perspective, allowing insight into spending over time while exposing anomalies with transaction level patterns ordered by what’s most important today.
Innovation type: Mobile, payments, PFM

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Gift cards represent an estimated $110+ billion business in 2012. Consumers have $40 billion in unspent funds and are clamoring for digital solutions as well as connections to their favorite brands. Increasingly, these branded currencies are becoming a larger portion of the commerce cycle and consumer wallets. Retailers, merchants, financial institutions, digital wallets and marketers are all looking to capitalize and participate in this space. 
At Finovate, Blackhawk is premiering its GoWallet Digital Services. These services help a host of digital players power deep engagement with consumers while creating new revenue streams through prepaid branded currencies.
Innovation type: Cards, mobile, rewards

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CK Mack announces the debut of its innovative investment platform featuring an investment product based on a tangible, insured asset; Rented Real Estate
Real Estate has been a haven for the wealthy investor since the dawn of time. Now anyone will be able to share in the cash flow of rental property without the high dollar buy-in previously needed to invest in this profitable market. Current low interest rates and market insecurity combine to make CK Mack an exciting option for portfolio diversification. 
Innovation type: Investing
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Euronovate is a “Zero paper company” aiming to transform every legal paper signed into an ab-origine electronic document with the same legal validity in all verticals worldwide. The new Pad Ensign10 and software platform ENsoft provide better legal and security management for electronic signature.
Euronovate is the first company to offer an end-to-end approach with legal support for electronic signature rules, process reenginering, system integration, hardware, software platform and digital archiving. Customers benefit from lower costs, a more efficient process, and an overall better experience.
 
Innovation type: Back office, sales, security

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Finovera is your free personal bookkeeper. It is the easiest and most convenient way to receive, organize and manage household bills, financial statements and important family documents – all in one secure digital file cabinet. Users link their accounts once, and Finovera automatically brings in new bills and statements, making bil
l workflow management hassle-free.
Finovera disrupts the old way of dealing with paper documents and brings the simplicity, efficiency and convenience to household information management. Finovera helps banks and credit unions to reduce customer service costs, increase customer satisfaction and deepens relationships to maximize customer wallet share.
Innovation type: Mobile, payments, PFM

IdeonChoiceLogo.jpg

The CHOICE direct-to-consumer model allows retail customers to create individualized savings and/or investment solutions from the convenience of any channel and device by selecting the term, guaranteed minimum rate, liquidity and source of additional potential return, all with the security of FDIC insurance, in a completely transparent, clear and honest manner.
Innovation type: Back office, banking, investing, mobile, online

IDologyLogo.jpg

See the next generation in knowledge-based authentication – a SaaS solution that allows businesses to present custom, out-of-wallet questions to consumers using their own data. 
IDology’s ExpectID Enterprise gives banks the ability to generate out-of-wallet questions using their internal proprietary customer transactional data located behind their firewall and without ever having to share that data with us. It is time to replace your shared secret questions (What is your mother’s maiden name?) with a higher security model that isn’t compromised by social media or vulnerable to account take overs. Be able to meet FFIEC compliance guidelines while creating a safer authentication method on high-risk transactions.
Innovation type: Identity, security

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See how the vexing problem of cross-channel integration has finally been solved! Financial institutions can now seamlessly connect the online and branch experience for consumers as they shop for financial products. 
A consistent consumer experience, easy ‘take your work with you’ cross channeling, best practice branch consultations, helpful product guidance, higher conversion rates, increased brand loyalty – just some of the many compelling benefits of Leadfusion’s new Cross Channel Selling solution. Unveiled publicly for the first time at FinovateFall 2012, from the leader in financial experience management.
Innovation type: Banking, marketing, sales

ManillaLogo.jpg

Manilla.com is a free, award-winning service that helps consumers manage everything in their lives in one place. Using just one password, consumers can track their financial accounts, household accounts and utilities, subscriptions, daily deals, and travel rewards, all through Manilla.com or Manilla mobile apps. 
Manilla stores account documents, sends reminders to help avoid late fees, and gives consumers a complete overview of their accounts, all through a clean, simple interface. For businesses, Manilla decreases costs by moving customers to paperless billing, accelerates revenue by driving on-time payments, and offers a powerful marketing platform for businesses to engage their customers.
Innovation type: Communications, mobile, PFM

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MShift presents AnyWhereMobile: a new payment network that enables Community Banks and Credit Unions to become the issuers of mobile wallets. 
Simultaneously, the AnyWhereMobile payment network will multiply the net Interchange income of both debit and credit for Community Banks and Credit Unions, slash the merchant discount fees borne by merchants by more than half and eliminate the majority of fraud. The huge savings generated by AnyWhereMobile empowers merchants to generate more merchant-centric rewards and discounts for consumers.
Innovation type: Banking, cards, payments

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PlayMoolah is on a mission to change the way kids and teens use their money! We design fun technologies for kids to experience money management to earn, spend, save, invest, and give. Through real dollars, real action, and real impact, we hope for kids to take control of their money, and become empowered by using it to live their dreams and create value for the world.
Innovation type: Marketing, online, PFM

Finovate Alumni News– May 21, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCU Times reports Ensenta & MShift partner in joint mobile banking & RDC deployment at 5 CUs.
  • Pacific Daily News recommends Mint.com Buxfer, or Budgetpulse for new grads to keep track of spending.
  • BankNXT looks at FinovateSpring Best of Show demos and Simple’s new app.
  • Taulia & SAP partner for dynamic discounting services.
  • Seattle’s KOMO News covers BillGuard.
  • Wall Street Journal suggests Mint, Credit Karma, HelloWallet & LearnVest as tools for financial novices.
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.

MShift Demonstrates its FI-Branded Mobile Wallet that Enables Offer and Loyalty Solutions

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MShift took the stage to show off its FI-branded mobile wallet solution:

“Welcome to Mobile Banking 2.0 – where financial institutions drive mobile commerce through a community of local businesses and consumers. We’re building FI-branded mobile wallet solutions that, in partnership with local businesses, enables mobile offer, loyalty, and payment solutions directly to consumers.”


HQ Location: Fremont, CA
Company Founded: 1999
Website: mshift.com
Introducing Jeff Chen (Vice President, Business Development) and Audra Robles (Marketing Analyst)

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Finovate Alumni news– April 24, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology news highlights T8 Webware’s internship program.
  • Arroweye Solutions patents digital on-demand technology.
  • Ensenta & MShift extend the reach of mobile banking with mobile deposit.
  • P2P-Banking reports Zopa to add more loan terms.
  • Celent publishes FinovateEurope 2012 report that looks at innovative payment startups.
  • Acculynk announces Digital River World Payments as a new PaySecure client.
  • Corporate Insight looks at FutureAdvisor. Come see their new tech at FinovateSpring 2012 in two weeks.
  • BancVue’s MoneyIsland wins Eifle Award for Instructional Game of the 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.

FinovateSpring 2012 Sneak Peek: Part 1

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More than 60 leading fintech innovators, both startups and established companies, are gearing up to present at the annual FinovateSpring conference in San Francisco May 8 and 9.

Each company provided a sneak peek of what they’ll demo 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 FinovateSpring ticket here.

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Balance Street

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The premier direct marketplace between consumers and creditors for the purpose of debt settlement, Balance Street, provides consumers the opportunity to relieve their debt burden without fees. Consumers use its web-based automated system to negotiate with creditors directly, avoiding debt settlement companies who charge exorbitant fees (up to 20% of total debt owed).

Eliminating this 20% market inefficiency makes for a better financial outcome for consumers and creditors. With over $780 billion in credit card debt in the U.S., the Balance Street technology will revolutionize the way debt is settled.

Innovation type: Cards, marketing, PFM

Bazaarvoice

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See how leading brands are harnessing the power of online word-of-mouth to boost customer referrals, sales, retention, advocacy, and company innovation while building the world’s most powerful social data asset.

Innovation type: Communications, marketing, sales and customer service

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BehavioSec

No one wants a complicated process for logging in to online or mobile banking. European banks have been forced to go down this route with hardware tokens and smart cards.

So now when U.S. banks will be rolling out new multi-layered security on the front-end following FFIEC, will we see the same thing here?

With BehavioSec’s solution there is a better choice. They add multilayered security through the use of behavioral biometrics. So when the user connects via mobile or online, the technology helps verify that they are who they say they are. Learn more at FinovateSpring 2012.

Innovation type: Identity, mobile, security

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BillGuard

BillGuard identifies deceptive, erroneous and unauthorized charges on consumer payment cards using advanced crowdsourcing and big-data mining techniques that harness the collective knowledge of millions of consumers reporting billing complaints online and to their banks. 

BillGuard’s Advanced Card Protection Service for Banks is a seamlessly integrated, cloud-based solution that enables issuers to generate new value-add service revenue, and lower inquiry/dispute processing costs, by providing their customers daily bill monitoring and notification, enriched transition details and direct-to-merchant resolution.
Innovation type: Cards, communications, online UI

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CoverHound is changing the way people shop for insurance online. Launching at FinovateSpring, CoverHound’s new rate comparison shopping service allows consumers for the first time to compare multiple, instant, accurate rates from top carriers. CoverHound will also be demonstrating an exciting array of products specifically designed to help banks and credit unions generate significant non-interest income while providing a valuable service to their members.
Innovation type: Insurance

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Never before has it been so easy for companies to provide business and retail customers with a way to validate creditworthiness through the use of online deposits. eDeposit provides patented funds visibility and real time settlement to markets across the U.S. in an innovative, new form of payment.
At FinovateSpring, eDeposit announces a new innovation that makes conducting B2B and B2C e-business faster, cheaper and safer.
Innovation type: Payments, security, small business

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From “check-in to check-out”, intersecting the worlds of Payments and Advertising, edo takes the next step forward in its vision to transform shopping and saving.  
This next wave connects mobile and multi-channel retail . . . imagine a world where purchase and location meet and the new standard for mobile advertising moves from “check-in” to “check-out.”
Innovation type: Marketing, mobile, rewards

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Expensify <3’s Finovate — they view it as the premier stage on which to make their biggest announcement of
the year. Three years ago, it launched an open beta on the Finovate stage. Two years ago, it unveiled a major realtime analytics feature. One year ago it launched a revolutionary SmartScan service. But this year will trump all that.  A whole new approach to business travel. Prepare yourself!

Innovation type: Back office, mobile, small business

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Most investors have assets spread across financial institutions and accounts, including limited-option accounts such as their employer’s 401(k) plan.
Managing this is a chore – including figuring out which funds, in which amounts, and rebalancing.
Well, it was a chore, before FutureAdvisor.
Innovation type: Investing and asset management, online, PFM

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Giftly is inventing the future of the gift card. Using its new iPhone app, users can send anyone a Giftly for any place they choose. The recipient redeems it on their smartphone when they go. It’s fast, fun, and secure.
Giftly’s app and web products have been designed to be social, simple, and powerful. Thanks to Facebook, Foursquare, and smart iOS integration, you’ll always know which friends are celebrating birthdays, are checking in to cool new places, or are otherwise in need of a quick gift.

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Is it possible to separate the fun of buying from the nuisance of paying? Klarna thinks so. The idea behind Klarna’s e-commerce services is the concept of after-delivery payment, letting buyers receive ordered goods before any payment is due. Instead of giving financial information, buyers shop with Klarna just by giving their name and select information (Klarna calculates the risk).
Innovation type: Payments

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Linkable Networks will be debuting a first-to-market capability that significantly broadens the value proposition of card-linked offers to issuing banks, merchants, manufacturers, and cardholding consumers. In addition, Linkable Networks will demonstrate new features recently added to its product platform and user interface.
Innovation type: Cards, mobile, rewards


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MShift believes that financial institutions need to enhance existing mobile banking solutions into mobile wallet and payment solutions.
At Finovate, MShift will demonstrate how mobile banking can influence how a consumer spends money in various retail scenarios.
Innovation type: Banking, payments, small business

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Your customers go mobile with smartphones and tablets. When they cannot fulfill their needs in mobile self-service, do you jump in at the right time to help them complete their business? Do you want to maximize the opportunity for smart customer experience and increased business via smart mobile devices (while reducing costs)? NICE Mobile Reach can do that for you. Don’t miss its demo at FinovateSpring.
Innovation type: Mobile, sales

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Personal Capital is wealth management for the Internet Age. The company’s online platform combines digital technology with highly personalized service to provide a holistic view of your unique financial picture. The free online dashboard presents all of your financial data in one place, including an assessment of your allocation, investment risk and fees.
These days, the financial lives of Americans are becoming more and more complex. At FinovateSpring, Personal Capital will unveil core new features that enable you to access your financial data in real time, on-the-go. You’ll be able to view and do, anywhere, anytime.
Innovation type: Investing, mobile, PFM

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Pindrop Security provides enterprise solutions that help prevent phone-based fraud. Pindrop’s acoustical fingerprinting technology detects fraudulent calls and authenticates legitimate callers, helping customers eliminate financial losses and reduce operational costs. Pindrop’s breakthrough technology is the first of its kind to fingerprint individual phone calls, providing verification of caller provenance. 
Recently named one of the 10 Most Innovative Companies at the 2012 RSA conference, Pindrop’s solutions help companies feel more confident in the security of phone-based financial transactions.
Innovation type: Identity,
security

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Easily administer and coordinate your annual budget with Budget Manager from ProfitStars. ProfitStars takes the headaches, and the spreadsheets, out of the budgeting process and optimize the efficiency and effectiveness of budgeting and planning.  
The company will show you how this newly redesigned browser-based version enables users to construct and manage a more efficient budgeting process, including how to tackle more difficult items like salaries and fixed assets.
Innovation type: Banking

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Discover a new Facebook app for banks that will not only make you relevant and engage Facebook users, but will also get your customers recommending and endorsing your card products.  It drives great loyalty from existing customers and also helps to devise new customer acquisition –all through Facebook. 

Serverside does this by letting people design their own credit or debit card using a picture from their Facebook gallery, then post it to their Facebook wall. Their friends then click on the card image to design their own card and help your bank to go viral!

Innovation type: cards


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Social Money can provide any bank in the world its own branded version of our revolutionary and award-winning SmartyPig technology. A new bank can be up and running on our system within 90 days in any language and currency, for a fraction of the cost of internal development efforts.
Innovation type: Banking products, PFM

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The dawn of compliance solutions that work.
Meet Molly. 115 different people use Molly’s SSN.
Financial institutions have no idea who these people really are.
This is possible because FIs and so-called identity protection companies can only verify identity. Verification is not enough. Full identification is needed to fight fraud and provide FIs the means to meet compliance requirements. Only Financial ICONN from TASCET can identify financial customers.
Once Molly activates her ICONN, TASCET proactively secures her identity and FIs know exactly who she is.
Innovation type: Identity, security

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Taulia takes the waste out of the supply chains of Fortune 500 Enterprises while simultaneously solving the cash-flow needs of their suppliers. The large enterprise buyers get discounts by paying their invoices early. In return, their suppliers get paid when they want. In Taulia’s young life, it has already enabled small suppliers from 40+ countries around the world to receive hundreds of millions of dollars of early payments.
Innovation type: Lending, payments, small business

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The Under-18 audience has an estimated $50 billion in spending power. Learn how to successfully monetize the kids/teen market in this powerful demo by Virtual Piggy, an exciting new company that provides innovative technological solutions to help bridge the gap between children, parents and online retailers.
Innovation type: Payments

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Wall Street Survivor is the only place for the beginner to learn about investing. Guided missions, beginner-focused learning content, combined with the web’s best stock simulator help users effectively manage their financial future.
Innovation type: Investing & asset management, marketing, PFM

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Mobi
le commerce is estimated to be a $31 billion industry by 2015, but how will the underbanked participate? Wipit has unlocked mobile payments for this massive and largely untapped consumer demographic representing 25% of all U.S. households and over 70 million U.S. prepaid wireless subscribers. Underbanked consumers can now make in-app and online payments with a single click. No need for bank accounts or credit cards; Wipit lets underbanked consumers use their payment method of choice– cash.
Innovation type: Cards, payments
Stay tuned next week for another sneak peek of FinovateSpring 2012 presenting companies.

Finovate Alumni News– January 23, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News advises using BillShrink to review your mobile phone bill.
  • T8 Webware to receive $120k in incentives & $200k in job training to help it expand to Des Moines.
  • BetaBeat plants rumor that Dwolla landed $10 million in Series B funding from Union Square Ventures.
  • MShift reaffirms strategic relationship & rights to MShift software & technologies.
  • Finsphere raises $11.3 million, adds Vodafone board member.
  • The New York Times Buck blog details Dwolla’s payments approach.
  • PayNearMe to launch mobile cash payment application in mid-February.
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.