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This post is part of our live coverage of FinovateSpring 2015. Moven showcased how it uses customer behavior to incentivize savings and short-term credit: Moven is building real-time contextualized notifications and interactions that create gamified money moments. Today’s demonstration will debut a behaviorally based approach to driving savings and short-term credit. In addition Moven, in Read more…
This post is part of our live coverage of FinovateSpring 2015. Cloud Lending Solutions debuted CL Exchange, a lending solution built natively on Salesforce.com: Imagine Lending Club, Prosper, and other leading online lenders exchanging consumer or business loan applications within a global exchange. This CL Exchange is where business and consumer loan applications are exchanged Read more…
This post is part of our live coverage of FinovateSpring 2015. Avoka demonstrated its fast credit card application: Product and pricing are not differentiators in financial services, but customer experience is. Each additional step in the credit card application process results in higher abandonment and fewer converted customers. Avoka has increased a 36% conversion rate Read more…
This post is part of our live coverage of FinovateSpring 2015. INETCO Systems demoes next with its analytics platform to help FIs make the most of omnichannel customer engagement. INETCO Analytics provides financial institutions with the game-changing knowledge of where, when and how customers interact with their channels. This application makes it easy for business Read more…
This post is part of our live coverage of FinovateSpring 2015. Dynamics presented its new authentication system that eradicates card compromise, skimming and other fraud: Dynamics produces and manufactures intelligent, powered cards such as advanced payment cards. The company’s commercial applications are the world’s first fully card-programmable payment interfaces (stripe, EMV, NFC) for use in Read more…
This post is part of our live coverage of FinovateSpring 2015. Yodlee showed off how it is using behavioral psychology and data to personalize recommendations and advice: At Yodlee, we believe there is massive potential to change and shape financial habits and behaviors leveraging data, analytics, & progressive engagement to encourage good behaviors – making Read more…
This post is part of our live coverage of FinovateSpring 2015 Our next presenting company is Top Image Systems, demonstrating its innovation in loan-origination technology. eFLOW Lending is Top Image Systems’ financial technology innovation designed to transform what is currently a very manual, time-consuming, and expensive origination process into a streamlined, automated, self-service-enabled experience with Read more…
This post is part of our live coverage of FinovateSpring 2015. FIS is up next with its Cardless Cash innovation for mobile banking: Cardless Cash enables mobile banking users to get cash at an ATM in under ten seconds—all from the privacy of their smartphones. Cardless Cash protects customers with biometric security and eliminates skimming Read more…
Update: An update of this post was published in July 2015. ——— It’s been a year since we published the first fintech unicorn list. It includes companies (and exits) in the financial sector (either direct services or software) founded since 2000 and worth at least $1 billion (actually we are using $900 million as the Read more…
It’s another unicorn week in fintech, although “only” $750 million of the nearly $1 billion in new funding was equity. Affirm’s $275 million round was rumored to include about $200 million in debt to fund its alt-lending efforts. But that wasn’t even the biggest deal this week. Zenefits, founded by serial entrepreneur and multiple Finovate Read more…
Just in time for its debut at FinovateSpring 2015 next week, DriveWealth has picked up its first institutional investor: Route 66 Ventures. The amount of the Series A investment was not immediately available. DriveWealth plans to use the new capital to help onboard the company’s partners and customers, as part of its goal to “bring Read more…
The alternative lending sector, especially in China, is soaking up funds at an unprecedented pace. This week alone, more than $750 million went to startup lenders, 80% earmarked to China (Lufax $485 million and Jimubox $84 million), while Funding Circle (London, $150 million), EZBob (London, $45 million), Smava (Germany, $16 million), and Assetz (London, $4.5 Read more…