How they describe themselves: At Openfinance we are experts in financial technology who value simplicity. Our mission is to deliver outstanding front-office solutions for private bankers and Affluent advisors. We are a highly experienced team of independent professionals in the private banking and asset management world, and over the last 9 years more than 50 European institutions have placed their trust in our financial management tool, Openworkplace. Openworkplace is a strategic partner in the process of attracting and advising Private, Personal and Affluent Banking clients; it also provides a global view of business trends, providing reliable criteria to enable appropriate decision-making.

How they describe their product/innovation: Openworkplace provides a single point of access to global client information, allowing advisors to quickly prepare reports, investment proposals and financial planning, and also offer portfolio rebalancing and optimization. Openworkplace is enriched with a marketplace for functionalities that can be deployed by third-party developers and integrated seamless into the Openworkplace solution. On the other side, all functionalities at Openworkplace are available for apps developed by other companies and published on other devices (like iPads or smartphones). The main feature we´ll demo is how a typical Openworkplace functionality, portfolio reporting, is enriched by adding new functionalities through an administration screen.

Contacts:

Bus. Dev. & Sales: Ignacio Saez Mansilla, Head of Intl. Business Development, [email protected]
Press: Sara Edo Cebrian, Business Development, [email protected]

How they describe themselves: PayDivvy is the first and only social bill pay solution (patent pending). PayDivvy provides a smarter way to manage bills by allowing you to pay, send and share bills…simply and socially…via web or mobile. Our technology corrects the status quo by eliminating the fragmentation and voids that exist in bill payment, allowing you to truly pay all your bills in one place and only pay your fair share in real-time. In addition to our core offering, PayDivvy provides premium value via on-time payment guarantee, “deadbeat roommate” coverage, discount and upgrade offers, and bill financing. With PayDivvy, you no longer have to manage social finance separately from personal finance.

How they describe their product/innovation: Typically, with a group of roommates, the bill pay process causes hassle, confusion, social friction and financial drain. Now, these roommates can easily set up all their bills with PayDivvy, indicating how they would like the bill to be split (e.g., by %, by $ amount). PayDivvy will then manage the ongoing process for the roommates, receiving the e-bills, charging the roommates their respective shares, and paying the service provider, landlord or merchant directly. A similar process can be utilized in real-time for offline social bills (e.g., restaurant, bar, travel, membership dues) via mobile device. PayDivvy also serves as your personal bill pay platform, so that you can finally depend on only one solution to manage all bills.

Contacts:

Bus. Dev. & Sales: Omar Karim, VP Business Development, [email protected]
Press: Mike Melby, CEO, [email protected]

How they describe themselves: PayNearMe, the cash payment network, enables leading companies in e-commerce, transportation, entertainment, lending, collections, international remittance and beyond to serve the 25% of U.S. households that do not have access to a credit or debit card; those who have plastic but who won’t use it because of concerns over budgeting, security, or privacy; and the 95% of teenagers who prefer to pay with cash. Using PayNearMe, these consumers can complete transactions with cash at a local store, starting with more than 6,200 7-Eleven stores across the United States. When consumers pay with PayNearMe, payees are notified in real-time. Funds are guaranteed 100% good and there’s no risk of fraud or chargebacks.

How they describe their product/innovation: PayNearMe combines a load network with a flexible application development platform that enables consumers to conduct a broad range of remote business transactions. At FinovateSpring, we will demonstrate PayNearMe-based applications in international remittance, retail-enabled bill payment, and mobile payments with cash.

Contacts:

Bus. Dev.: Mike Kaplan, [email protected], 908-902-0497
Press: Stephanie Gnibus, GMK Comm., [email protected], 408-776-9727
Sales: Dave Litwak, [email protected], 817-421-9990

How they describe themselves: PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 94 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay (Nasdaq:EBAY) company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later.

Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America’s cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories.

How they describe their product/innovation: PayPal and DiscoverCard have teamed up to create a product that will allow for instant, global money movement. With Money Messenger, almost anyone with an email address or mobile phone number can accept Discover. The offering will enhance the card member experience and provide new functionality that empowers them as they make purchasing and payment decisions. This will essentially change the way people pay, as it gives customers the potential to pay virtually any person or business around the world.

Contacts:

Bus. Dev.: Christopher Cochran, PayPal, [email protected]

How they describe themselves: peerTransfer intends to become the lowest cost and most convenient way for individuals and businesses to send money internationally between bank accounts. Instead of using regular banks, customers use peerTransfer to receive lower fees and better currency exchange rates, which translate into savings of up to $1,500 on a $40,000 payment.

How they describe their product/innovation: peerTransfer’s first innovation is peerTransfer Education, a streamlined international payment solution saving schools and their international students time and money when paying tuition and fees. On one hand, it reduces identified or missing payments for the school, avoids manual reconciling of incoming wires and is provided at no cost and with no IT implementation required. On the other, it saves thousands of dollars to international students while improving their experience when coming to the US.

Contacts:

Press: Sally Comollo, Director of Marketing, [email protected], 781-366-5580
Sales: Sharon Butler, Director of Sales, [email protected], 401-378-0114

How they describe themselves: ProfitStars is a division of Jack Henry & Associates, a publicly held corporation with stock trading on NASDAQ (JKHY). ProfitStars provides highly specialized products and services that financial services organizations of all sizes and diverse businesses outside the financial industry use to improve revenue and growth, mitigate and control financial and operational risks, and contain operating costs. ProfitStars provides approximately 65 products and services that have been implemented by more than 9,600 customers and enable Jack Henry & Associates to serve large nontraditional markets.

How they describe their product/innovation: Margin Maximizer is the industry-leading loan and deposit pricing solution that helps financial institutions bring greater control, discipline and consistency to their pricing process – thereby creating the ability to maximize net interest income and more effectively identify growth opportunities. The all-new Margin Maximizer Interactive is built using the latest technology – the combination of Microsoft Silverlight and Azure allows us to deliver a rich and dynamic Internet user experience. Also, because the solution is hosted using Azure it offers the client a lower total cost.

Contacts:

Press: Erin Davis, Senior Marketing Specialist, [email protected], 770-752-6327
Sales: Rick Cosmas, Manager, Sales Operations, [email protected], 407-977-0574

How they describe themselves: Meniga is a mobile and web-based Personal Finance Management (PFM) Solution for retail banks. It helps banks’ customers better manage their personal finances while dramatically improving customer retention, satisfaction and profitability.

To achieve true mass appeal and reach even those who usually avoid facing their finances, Meniga uses social curiosity, humor and gaming concepts to engage users.

The Meniga PFM Solution became an instant success in Iceland where over 5% of households are using it one year after launch by Íslandsbanki, a local bank.

It is designed for European markets and is available as white-label software with on-premise or SaaS deployment.

How they describe their product/innovation: Best-in-class PFM products typically attract a passionate and loyal user base. However, few or none can claim true mass appeal since majority of people is simply not motivated enough to manage their finances (some even avoid it like the plague).

Meniga will demo the 2nd generation of its PFM Solution that focuses on dramatically increasing the mass appeal of PFM by using social curiosity, humor and gaming concepts to engage and motivate more people to think about and manage their finances.

Contacts:

Bus. Dev., Sales: Duena Blomstrom, Director of International Sales, [email protected]
Press: Georg Ludviksson, CEO, [email protected]

How they describe themselves: miiCard (My Internet Identity) is a global Identity as a Service creating trust online by allowing members to prove ‘I am who I say I am’, purely online, in minutes and to the same level as a physical passport or photo ID check.

Through a patented process that leverages the trust between an individual and their financial institution, miiCard establishes identity to Level of Assurance 3+ and meets Know Your Customer and Anti-Money Laundering identity guidelines, enabling the sale of regulated products and services purely online.

Combining online identity proofing with strong authentication, miiCard provides the trust and security required for people and businesses to meet and transact with confidence in a purely digital environment.

As a single, trusted digital ID founded on the principles of Bring Your Own Identity, miiCard is convenient and flexible providing members complete control over their online identity and personal information.

With coverage across five continents and over 350 million people , miiCard is creating trust online across a range of industries including finance, commerce, trading, gaming, healthcare, recruitment, dating, social and professional networking.

How they describe their product/innovation: miiCard is disrupting the market with a service that establishes and maintains high levels of trust and traceability in consumer identities so that businesses can streamline verification, reduce fraud and onboard customers purely online.

By leveraging an individual’s financial profile using information known only to them, miiCard, through a patented process, establishes a high level of trust and traceability in their identity that goes beyond point-in-time physical identity checks, to reduce the fraud and risk associated with the sale of high-value and regulated products and services online. As a single, trusted digital ID founded on the principles of Bring Your Own Identity, miiCard is convenient and flexible providing members complete control over their online identity and personal information.

Contacts:

Bus. Dev., Sales: Magnus Bray, [email protected]
Press: Michael Azzano, Cosmo PR [email protected]

How they describe themselves: MPOWER Mobile is an international mobile payments company dedicated to empowering underserved consumers. By harnessing the mobile phone’s ubiquity and universal functionality like SMS, MPOWER Mobile delivers financial services through the mobile handset – including the ability to send money, accept payments and make purchases – to consumers anywhere in the world. Based in Austin, Texas, MPOWER Mobile is backed by MPOWER Ventures.

How they describe their product/innovation: Convert a mobile phone into a Point of Sale (POS) terminal with Rêv COIN, a simple, powerful card acceptance solution for entrepreneurs unable to afford traditional POS systems. By integrating a portable card reader with MPOWER Mobile’s YAP Accept, COIN quickly and seamlessly processes card-based payments through existing payment networks. And, COIN works for merchants of any size in young and mature markets alike with support for advanced handsets and basic models. With COIN, more entrepreneurs can seize economic opportunities beyond the reach of cash-based businesses, and a growing acceptance footprint means more cards accepted at more businesses in more places around the world.

Contacts:

Bus. Dev.: Neeraj Bansal, Co-Founder and Executive Vice President, [email protected], 512-485-2560
Press: Meredith DeSpain Kelsey, Director of PR, [email protected],
512-531-1191

How they describe themselves: NCore is a remittance relationship network builder providing remittance and e-banking solutions to financial institutions in Asia and the Middle-East. NCore’s remittance platform allows banks and remittance companies to:

• Dis-intermediate global money transfer organisations and to wrest back control of the technical delivery platform
• Establish direct bilateral remittance links with foreign remittance partners thereby increasing profitability
• Process international money transfer transactions from the points of remittance origination, straight through processing integration and payout distribution
• Be in control of defining its own remittance product features, customer experience and strategic partners

How they describe their product/innovation: NCore together with its local Indian partner Praxeva have entered into a strategic partnership with Federal Bank of India. Together with our strategic partner, NCore will demo the capability of Federal Bank to inter-operate quickly and seamlessly with foreign remittance partners to receive and process India bound remittances in an online real-time fashion. The service will allow the foreign remittance partner not only to take advantage of the straight through processing capability of Federal Bank but to also leverage off the bank’s large presence and foot-print in Southern India.

It is NCore’s objective to look for strategic foreign remittance partners (banks and/or remittance companies) who are looking to serve the NRI (Non Resident Indian) community in their respective countries by way of a bilateral remittance tie-up with Federal Bank.

Contacts:

Bus. Dev.: Nicholas See, CEO, NCore Systems, [email protected],
Rohan Timblo, CEO, Praxeva, [email protected],
Surendran A., Head of Int’l. Banking, Federal Bank, [email protected]
Press, Sales: Nicholas See, CEO, Ncore Systems, [email protected], Rohan Timblo, CEO, Praxeva, [email protected]

How they describe themselves: We connect real-world financial education to the $6,000 your teen spends each year.

Matchfund is a management system for young people’s money. Together, parents and teens develop a savings and spending strategy. We implement this plan in the form of daily mini-challenges that teach essential financial concepts, reward responsible behavior, and fuel progress in savings, spending and charity funds. Parents set appropriate limits on the choices and mistakes their child can make. Our prepaid card presents unplanned purchases as straightforward trade-offs to a teen’s longer-term goals.  Subtle game mechanics and a Facebook-style activity feed engage web savvy youth. All funds reside in FDIC-insured accounts with our partner financial institutions.

What they think makes them better:

• Earning by Learning – Parents tie allowance to daily financial lessons.
• Rewards, incentives and consequences – Children earn more when it’s put toward savings and see the impact of unplanned spending on their goals.  Emergency loans come with terms and interest rates fixed by the parent.
• A Prepaid Card that syncs to a strategy and a plan.
• An activity-driven format designed for today’s Facebook generation.
• We’re integrated; allowance, spending, savings, charity, and teaching tools are carefully coordinated.
• We’re co-managed and family-focused; parents and teens work together to define, track and reach goals.  Loved ones provide support and give the gift of savings.
• We make it real. No virtual currency. No stale curriculum. Hands-on money skills and real-world financial literacy.
• Our platform’s compatible with multiple bank products and financial apps.

Contacts:

Bus. Dev., Sales & Press: Paul Taylor, CEO, 408-216-0954

How they describe themselves: mFoundry is the leading provider of secure mobile financial services to 200 banks, credit unions, merchants and processors. mFoundry is the mobile technology provider to Fidelity National Information Services (FIS), FDC, NCR, CO-OP Financial Services, and PSCU Financial Services. mFoundry is the only mobile banking provider with a live, nationwide mobile payments solution. As the technical force behind Starbucks Card Mobile, mFoundry leverages its payments knowledge to help financial institutions, payment processors, and merchants to create deeper, more valuable customer relationships.

mFoundry is based in the San Francisco Bay Area and has been recognized as one of “10 Emerging Wireless Players to Watch” by IDC as well as the top “Tech Company to Watch” and a three-time “Top Innovator” by Bank Technology News.

What they think makes them better: mFoundry offers an unparalleled balance of completeness of product, long-term reliability, and speed to market. We consistently lead the market in new features and innovations. We were the first mobile banking company to:

• Launch an iPhone mobile banking app in the App Store
• Deploy a single vendor complete multimode solution
• Deploy a multi-language mobile banking application
• Offer mobile banking to all FI customers not just OLB customers
• Deploy national mobile payments and rewards application

Also, with the largest partner network in the industry, mFoundry offers more connections into more financial systems than any other mobile banking or payments provider.

Contacts:

Bus. Dev. & Sales: Carlo Cardilli, SVP, Business Development, [email protected]
Press: Ally Sievers, Press Contact, [email protected]