How they describe themselves: Kreditech is building the consumer-focused finance company for the 21st century. With its proprietary big-data scoring and underwriting technology, the Hamburg-based startup has built the foundation for personal finance products in emerging consumer finance markets. Customers can apply for short-term and long-term loans from €50 to €2,500, credit cards and other finance products in just a few minutes online or over mobile phones. Creditworthiness of a user is determined in less than a minute on the basis of up to 10,000 data points and loans are paid out automatically within minutes to a customer’s bank account, credit card or e-wallet.

How they describe their product/innovation: The self-learning proprietary algorithm scores an applicant’s creditworthiness within less than a minute. Without having to go to a bank, the customer can apply for his loan online or mobile, whenever and wherever. If accepted, the loan is paid out to their bank account within 10 minutes. Compared to traditional rating organizations like Schufa or FICO, the Kreditech Algorithm only studies the financial situation of the customer in the moment of the application and does not use historical data. The technology is therefore flexible and can quickly enter and adapt to new markets. There are 5 billion people in the world that have no access to financial products, and our technology is able to provide that to them.

Product Distribution Strategy: Direct to Consumer (B2C)

Contacts:

Press: Laurent Schüller, Head of PR & Brand Management, [email protected],
+49 0 40 605905 617

How they describe themselves: LendingRobot automates loan selection and investment in Peer Lending.

With sophisticated yet simple-to-use analytics tools, LendingRobot allows investors to optimize their strategies and define rules to systematically execute them. Automation also helps save time and increases returns by continuously reinvesting idle cash.

LendingRobot selects and submits orders in less than one second after new loans appear, thereby allowing individual investors to compete with hedge funds and institutions for the most sought-after opportunities.

LendingRobot was created by veteran entrepreneurs Gilad Golan and Emmanuel Marot after they became frustrated by how time consuming it was to manage their Peer Lending investments.

How they describe their product/innovation: Twenty-four hours a day, 7 days a week, LendingRobot uses machine-learning algorithms and real-time scoring to select and fund loans before they’re snatched up by institutional investors.

Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

Contacts:

Bus. Dev., Press & Sales: Emmanuel Marot, President, [email protected]

How they describe themselves: LendingTree is the nation’s leading online source for competitive home loan offers empowering consumers during the mortgage, refinance, and auto loan processes. LendingTree provides an online marketplace, which connects consumers to multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed-loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans and lines of credit, credit cards, personal loans and more.

How they describe their product/innovation: LendingTree’s new mobile app empowers consumers to find the best deal on a home loan. Through LendingTree’s LoanExplorer platform, which tracks real-time loan offers, the mobile app analyzes a user’s current loan offer and compares it to real-time offers being made by lenders on the LendingTree network based on available interest rates, fees, charges, and monthly payments.

The easy-to-use app allows users to submit data found in the Good Faith Estimate (GFE) of a consumer’s current loan offer. The tool then analyzes the interest rate, origination fees, and monthly payments to identify possible areas for improvement. Using interactive charts, consumers can see where and how their current offer might be improved and receive negotiating tips for getting a better deal. Additionally, the app displays several real-time offers from lenders that may be able to provide a better deal, complete with contact details and customer ratings and reviews.

Product Distribution Strategy: Direct to Consumer (B2C)

Contacts:

Bus. Dev.: Bruce Cook, SVP Bus. Dev., [email protected]
Press: Megan Greuling, Sr. Communications Manager, [email protected]
Sales: Sam Mischner, SVP Sales & Lender Operations, [email protected]

How they describe themselves: LendUp is a socially responsible lender that offers a safe alternative to consumers who banks and credit unions decline. The LendUp Ladder changes the dynamics of the small dollar loan; rather than being a dangerous first step into a cycle of debt, it becomes an opportunity to learn good financial behavior and build credit through education, gamification, and a transparent fee structure.

How they describe their product/innovation: LendUp is proud to enable partners to leverage the first RESTful API Lending Platform. We have exposed the same core platform that has built and launched LendUp’s diverse suite of consumer lending products and channels – a fully compliant mobile, web, or custom integration for consumer lending with a focus on market solutions to subprime or payday lending.

On your site or ours, your imagination is now the bottleneck, not the technology. Now there is no excuse not to offer credit to all of your customers – Banks, Credit Unions, Connected POS, Connected ATMs, Affiliates, Community Groups, Non-Profits, and Governments.

What can you think of? Simply reach out to [email protected] to learn more.

Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

Contacts:

Bus. Dev.: [email protected]
Press: [email protected]

How they describe themselves: Loop invented the world’s first mobile wallet solution that allows consumers to securely store and organize all of their plastic cards (payment, gift, loyalty, ID & membership cards) and pay with Loop enabled devices (smart accessories, smartphones & smart watches) virtually everywhere. Based in Boston, MA, Loop’s patented Magnetic Secure Transmission technology turns existing mag stripe readers into mobile payment readers without any changes by the merchants or their payment processors. Loop provides not only breakthrough convenience to pay with mobile, but also the highest level of payment security to protect consumer’s card data. Loop is a Level One PCI Certified Payment Provider.

How they describe their product/innovation: Today, consumers’ wallets are stuffed with payment, gift, loyalty, membership, IDs, insurance cards and more. The LoopWallet app allows consumers to securely scan, store and organize all their cards and use them to pay with their Loop-enabled smartphone or smart accessories nearly everywhere credit cards are accepted.

Loop is demoing its LoopWallet app for iOS and Android smartphones and various AppCessories. By replicating the app set-up and retail transaction, the demonstration shows how Loop helps consumers minimize the amount of plastic they carry with them and how the LoopWallet app helps them organize their wallet quickly, securely and conveniently.

Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

Contacts:

Bus. Dev.: Damien Balsan, [email protected], 617-331-0755
Press: Greg Ewald, [email protected], 408-888-4000 & Nicole Messier-Marino,
PAN Communications, [email protected], 617-502-4333
Sales: Gregory A. Lewis, President, [email protected], 678-641-6074

How they describe themselves: LOYAL3 offers a social technology platform that democratizes the investing process for individual investors and brand aficionados. Using the LOYAL3 Social IPO Platform™, people can invest in IPOs and stocks with small amounts and pay no fees. LOYAL3’s proprietary IPO platform allows companies going public to sell IPO stock to individual investors at the same price as Wall Street. LOYAL3 is democratizing the capital markets by making investing simple and fee-free for the millions that don’t currently invest.

How they describe their product/innovation: The LOYAL3 Social IPO Platform™ opens up IPO access to large numbers of individuals like never before. LOYAL3 partners with pre-IPO companies to give them a way to include consumers, employees, partners, and fans in their IPO. Through LOYAL3, people can start investing in an IPO with just $100 and pay no fees to purchase the IPO stock. LOYAL3’s IPO platform augments and complements the traditional IPO investing process by providing a way for small investors to participate in IPOs at the same price per share and at the same time as Wall Street institutions and their largest customers.

Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Contacts:

Bus. Dev.: Matt Gidney, VP Corporate Marketing & Bus. Dev., [email protected]
Press: Courtney Scharff, PR & Social Media Associate, [email protected]
Sales: Blake Schneider, VP Operations, [email protected]

How they describe themselves: Innovation Agency is a leading consultancy firm in the field of innovation with a presence in the United States of America, Europe, Asia, Africa, and Australia. We pride ourselves on our ability to access the untapped wealth of knowledge that resides within an organization’s idea-sharing and problem-solving networks. In the field of organizational network analysis our knowledge and experience are without equal. Using detailed informal network assessments, we are able to accurately map social and organizational networks. This is used to structure innovation initiatives in a way that ensures the greatest possible benefit for our clients’ unique requirements.

How they describe their product/innovation: Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting. It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Our judging, recognition/reward process, and digital persona releases are our primary focuses at FinovateEurope.

Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms

Contacts:

Bus. Dev., Press & Sales: Rory Moore, CEO

How they describe themselves: Intuition Intelligence & Wipro Technologies have developed an end-to-end, next generation Super Relevant Card-Linked Offers solution with a multi-channel delivery system. They have targeted the next generation of problems for card-linked offers – the 6V’s: Volume, Velocity, Variety, Vicinity, Visibility & Value.

How they describe their product/innovation: Smart Offers markets Bank Products and Merchant Offers embedded in Super Relevant financial content.  The financial content matching a customer’s life cycle serves as a powerful trigger to act on the Super Relevant Bank Products and Merchant Offers. The customer Analytical feedback to Banks is a powerful lead generation tool providing deeper insights on customer likes and needs.

Smart Offers solution sources a huge volume of offers from the open coupons and deals networks. The Bank manager portal enables financial institutions to view, select, and approve offers.

Smart Offers’ iCube Super Relevancy engine learns user intent in click time and delivers Super Relevant offers at the right moment via digital channels without spam or friction. Thus, banks experience higher conversion on a scale never seen before, resulting in dramatic increases in revenue.

Smart Offers solution can be easily integrated to existing infrastructure, hosted on-premise, or by a software-as-a-service model.

Product Distribution Strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

Contacts:

Bus. Dev., Press & Sales: Yusuf Ansari, [email protected], +1-626-437-0480

How they describe themselves: A dynamic company led by strong experience in the IT area, ITSector has over 200 highly qualified professionals. We invest in innovation and development of efficient solutions for our clients. We implement integrated multi-channel solutions for financial institutions, comprising web banking, contact center, IVR, SMS, mobile (HTTP and APPs), and Smart TV channels, with several solutions being recognized with international awards. Other products developed are Fast Account Creation (open a bank account in a simple way) integrated with FlowCredit (credit solution from simulation to loan). ITSector has a software factory located in Portugal, and provides near shore services within Europe.

How they describe their product/innovation: Commercial Sales GPS offers financial institutions’ sales teams a solution to guide all commercial effort, including mobile access from everywhere.

The main aim of the solution is to provide global information for commercial activity, including (1) Windows 8 Mobile Tablet – front end for accessing maps and detailed management information and Proactivity map, (2) Action Tool for Commercial Managers – guidance for commercial effort, and (3) Tool for achieving Cycle Proactivity – planning, scheduling, preparation, and report overview.

The software, based on Microsoft Dynamics CRM, will cover the main activities of the sales process, from account planning, all the way through visit scheduling, preparation, and execution up to monitoring.

Product Distribution Strategy: Direct to Business (B2B)

Contacts:

Bus. Dev.: João Lima Pinto, Director, [email protected], +351 962 189 909
Press: Lis Ferreira, Marketing Manager, [email protected], + 351 964 972 813
Sales: Silvia Barbosa, Business Developer, [email protected], +351 962 189 896

How they describe themselves: Jack Henry & Associates (NASDAQ: JKHY) was founded in 1976 as a provider of core information processing solutions for community banks. Today, their extensive array of products and services is processing transactions, automating business processes, and managing mission-critical information for more than 11,900 financial institutions and corporate entities of all sizes around the world.

Luminous solves problems for banks. Their solutions are intuitive and are designed for what banks need. Backed by Hasso Plattner Ventures, they continue to expand their innovative way of thinking as well as their global reach with offices in South Africa, London, Brisbane, and Mumbai.

How they describe their product/innovation: DataVault is a virtual safety deposit box that allows banking customers to upload, sort, and store personal and business documents in one secure place. Now customers can bank online with important documents just a click away.

Product Distribution Strategy: Through financial institutions

Contacts:

Bus. Dev. & Sales: Phillip Wood, Sales EMEA, [email protected], (m) 07899 028 409
Press: Philippa Newnes, Head of Marketing, Luminous, +61 401 915 153

How they describe themselves: Utilizing advanced computer vision technology, Jumio is a next generation credentials management company offering payments and ID scanning and validation products for mobile and web transactions. Designed to reduce fraud and increase revenue by minimizing friction in customer transactions, Jumio’s products integrate easily into mobile apps or websites and create great customer experiences. Jumio’s products are widely used by leading retailers, marketplaces, and financial institutions.

How they describe their product/innovation: Netverify offers real-time ID verification of passports, driver licenses, government issued ID cards, utility bills, insurance cards, and bank statements. This cutting edge technology is used by financial institutions, e-tailers, and consumer marketplaces to meet know-your-customer industry regulations, reduce fraud and chargeback costs in purchase transactions, and enhance trust and safety in online communities.

Netswipe supports real-time credit card scanning and validation in online and mobile checkouts. By eliminating the need to have consumers engage in laborious and error-prone key entry, our clients enjoy higher transaction completion rates, increased revenue, and reduced fraud and chargeback.

Product Distribution Strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

Contacts:

Bus. Dev.: Catherine Hickey, Sales Director, [email protected]
Press: Angel Yore, PR, [email protected] &
Matthew Pears, PR, [email protected]
Sales: Michael Kent, [email protected]

How they describe themselves: Kensho is bringing the intelligent assistant revolution to finance with user-friendly interactive research environments that combine cloud computing with graphical user interfaces and natural language querying capabilities, allowing financial professionals to perform sophisticated empirical analyses in a fraction of the time spent by institutional research teams today, and without writing code.

How they describe their product/innovation: Warren is a user friendly, interactive research environment that enables portfolio managers and researchers to quickly and easily perform sophisticated quantitative analyses in a fraction of the time spent by institutional research teams today.

Kensho designed Warren to shorten traditional investment research cycles from days to minutes. Warren can currently answer a million distinct types of natural language questions about the impact of global events on asset prices, such as, “What happens to the share prices of energy companies when oil trades above $100 a barrel and political unrest has recently occurred in the Middle East?” Warren will be able to answer 100 million distinct types of complex financial questions by the end of 2014.

Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Contacts:

Bus. Dev. & Press: Ian Brady, CPO, [email protected]
Sales: Adam Broun, Head of Strategy & Business Development, [email protected]