How they describe themselves: The banking system we have today is inaccessible by a large portion of the world’s population. ArcBit plans to lever Bitcoin and Blockchain technology to bank the unbanked. ArcBit provides you with the software applications you need to connect to the global economy with the cryptocurrency Bitcoin. On top of the ArcBit Wallet platform we’ve built, we aim to provide a truly global peer to peer lending service that transcends borders.
How they describe their product/innovation: Your bank in your pocket, and your money safely in your control, that’s the way banking should be. ArcBit Wallet is a mobile application that gives you full control over your bitcoins. With the ArcBit Wallet, you can send and receive bitcoins from anywhere in the world to anywhere in the world. It is basically a bank in your pocket.
Product distribution strategy: Direct to Consumer (B2C)
Contacts:
Bus. Dev.: Tim Lee, Founder, [email protected]
How they describe themselves: Dynamics was founded and seeded in 2007 by Jeff Mullen, CEO and President. Dynamics produces and manufactures intelligent powered cards, such as advanced payment cards, and is focused on introducing fast-cycle and market-leading innovation to top card issuers.
How they describe their product/innovation: The company’s commercial applications are the world’s first fully card-programmable payment interfaces (stripe, EMV, NFC) for use in next-generation payment cards.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Contacts:
Bus. Dev.: [email protected]
Press: [email protected]
Sales: Jason Dyro, EVP & Head of Payments, [email protected] & Michael Gerome, VP Bus. Dev., [email protected]
How they describe themselves: Big Data Scoring is the leading big data credit scoring solutions provider. We help lenders harness big data to make better credit decisions. There is a ton of information about all of us on the Internet, but none of that is used in credit scoring today. We have put this data to work.
How they describe their product/innovation: Our big data underwriting models have been used and tested for years and show on average 25% improvement in scoring accuracy over the current best in class scoring models. For a lender, this translates directly into better credit quality and more clients. The solution can be easily integrated into any platform and the benefits are immediate. We also offer a risk free testing opportunity.
Product distribution strategy: Direct to Business (B2B), licensed
Contacts:
Bus. Dev. & Press: Erki Kert, CEO, [email protected], +372 5680 0458
Sales: Meelis Kosk, Head of Sales, [email protected], +372 5373 6395
How they describe themselves: D3 Banking’s innovative, data driven digital banking services free FIs from the constraints of legacy FinTech providers allowing banks and credit unions to make proactive, responsive, and relevant decisions that address customer needs. D3 Banking’s comprehensive digital platform replaces siloed, point solutions with a consistent user experience in a transactional environment. This approach, combined with intuitive design and powerful analytics, drives deeper relationships with the customers of banks and credit unions. D3 Banking offers on premise and SaaS-based solutions for FIs with 100,000+ digital users.
How they describe their product/innovation: D3 Small Business Banking allows FIs to provide business owners access to the basic financial tools from any digital device. Using transactional analysis, D3 Small Business Banking automatically generates pre-formatted cash flow and income statements, provides budgets based on either a three-month average by category and/or manually inputted data from the end user, and creates reports that provide current and time-over-time analysis of both expense and income categories. In addition, D3 Small Business Banking includes a robust user management and dual approval system with alerting capabilities that work with any digital device, including wearables such as the Apple Watch.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev.: Jeff Hale, CBDO
Press: Michael Carter, CMO
How they describe themselves: The Bleu Network will be a core asset in the future of a connected body, home, city, business, and industry. Bleu’s vision is to change the payment experience and create a new platform for mobile transactions. Very soon the Internet will be in everything, everywhere, all the time. It’s a smart world and Bleu is at the forefront of providing smart financial solutions in the Internet of things.
How they describe their product/innovation: Bleu facilitates mobile transactions utilizing Bluetooth low energy beacons. A beacon is a tiny wireless device that sends a Bluetooth signal to a customer’s Bleu app when they enter a store. The beacon connects the customer to the store and when the customer is ready to pay, they select their form of payment and the transaction is automatically completed. Bleu has patented a mobile transaction process using Bluetooth low energy beacons, and developed a proprietary mobile point of sale and consumer application. This fully integrated solution conducts transactions from any registered payment instrument.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts:
Bus. Dev.: Sesie K. Bonsi, CEO & Founder, [email protected] & Brett Howell, VP Bus. Dev., [email protected]
Press: [email protected]
Sales: Brett Howell, VP Bus. Dev., [email protected]
How they describe themselves: Formally known as Merchant Cash and Capital, Bizfi consists of three synergistic product silos integrated across a dynamic, technology-actuated B2B platform. Bizfi’s aggregation silo comprises third party brokers, channel partners, and its direct sales force. The funding silo provides merchant cash advances and small business loans. The marketplace silo offers a participation market for institutional investors. Bizfi’s proprietary marketplace and funding technologies have provided more than $1.3B in financing to 26,000 small businesses in a wide variety of industries across the United States since 2005. Bizfi is the only alternative finance company to combine both aggregation and funding on one platform.
How they describe their product/innovation: At FinovateFall, Bizfi will be highlighting its aggregation silo, which the company is now making available to partners as a white-label or co-branded solution. Bizfi’s aggregation platform enables sales offices and/or partners to maximize lead monetization, while taking advantage of economies of scale and scope, powered by data science and technology. The proprietary technology behind the aggregation silo is further supported by strategic relationships with more than 35 funding partners. For potential customers, the presence of the aggregation silo translates into greater choice, efficiency, and convenience.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts:
Bus. Dev. & Sales: Walt Levengood, Chief Strategy Officer, [email protected] &
Stephen Sheinbaum, Founder, [email protected]
Press: Danielle DeVoren, [email protected]
How they describe themselves: Avoka delivers a digital commerce platform for frictionless sales and service. We solve the “buy” problem for Banks, Insurers, Health Care, Education, Government and many other industries where traditional “shopping cart” digital commerce solutions do not fit. Solutions include account opening, applying for a credit card or loan, submitting an insurance claim, or enrolling for an investment account. Founded in 2002, our customers include some of the largest Banks and Government agencies in the world with over 16,000 sales and service transaction projects completed and upward of 100M global business critical customer transactions completed each year.
How they describe their product/innovation: For banks, credit unions, and wealth managers, Avoka’s digital commerce platform improves customer acquisition and reduces abandonment. Avoka Transact Bundles being demonstrated at FinovateFall is a CODE FREE way of delivering an experience that allows a customer to apply for one product and seamlessly onboard into additional products such as deposit, loan, or card offerings. With Avoka Transact Bundles, you can design the experience your customer wants, independent of the limitations of your core systems and rapidly increase cross-sell rates.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev., Press, & Sales: Don Bergal, CMO, [email protected]
How they describe themselves: Auvenir, introduced by Bay Street Labs, utilizes cutting edge technology to transform how financial audits are performed, enhancing both quality and efficiency. We are on a long journey to develop the audit platform of the future — one that empowers auditors and raises the trust and confidence in our financial markets.
How they describe their product/innovation: Auvenir transforms and democratizes financial audits, enabling every auditing firm of every size to perform audits with the highest quality and efficiency. The intuitive web-based platform provides machine assistance to both client and auditor to accelerate the audit process and deepen intelligence for higher quality. From staffing, to workflow, to automation and advanced analytics, Auvenir is the world’s most advanced and complete auditing platform.
How they describe themselves: Dealflow.com has built an aggregated database of actively marketed private placement deals and investors. With this database, we’re developing software that allows investors to track deals using recommendation-type algorithms. Our beta software addresses the needs of companies and investors in the market for private placements. Subsequent software releases will include other types of asset classes including public securities, syndicated loans, pooled investment funds, and real estate.
How they describe their product/innovation: We’re solving the largest problem in the business of raising capital with software that creates targeted outreach to investors based on preferences data that we use to match investors with opportunities. Companies are increasingly reaching beyond their personal networks to raise capital. They’re using deal portals, social media networks, and a variety of investment databases to find investors. We make the process easier by putting everything in one place and by offering tools that make raising capital efficient.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), licensed
Contacts:
Bus. Dev.: Steven Dresner, CEO, [email protected], 516-876-8006 x22
Press: Len La Sala, [email protected], 516-876-8006 x25
Sales: Kevin Hartmann, [email protected], 516-876-8006 x33
How they describe themselves: AcceptEmail is the market leader for consumer remittances in Western Europe. The company serves approximately 600 clients in segments including insurance, banking, telecom, utilities, property management, and retail. AcceptEmail’s simple, intuitive payments are ideal for companies that do business with today’s highly mobile consumers, especially the digitally savvy members of the Millennial Generation. Customers have fewer steps to take and get real-time updates that show the bill’s current status right in the message itself. Companies reduce costs by up to 70%, get paid 50% quicker, and improve NPS scores by 20%.
How they describe their product/innovation: AcceptEmail delivers payment requests directly to the customer’s mobile device or desktop via various messaging solutions including email, IM, QR code, and social media. The customer may make a payment any time and from anywhere, directly from the inbox, with just a few clicks. There are no apps to download, no registering, no logging in. Payment may come from the customer’s bank account via Verified ACH, by credit or debit card, or via a third-party method. Once the payment goes through, the status bar changes from blue (due) to green (paid) in real time. Customers love AcceptEmail’s simplicity and convenience.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts:
Bus. Dev. & Sales: Ron Averett, [email protected], 856-465-9515
Press: Tom Burke, VP PR, Graber Associates, [email protected], 617-323-5694
How they describe themselves: DAVO was created to solve the pain points associated with the payor/payee relationship. Whether it’s a small to mid-sized merchant looking to optimize their sales tax payment method, a state government looking to collect sales tax securely, or a franchisor looking to streamline the collection of franchise royalty and advertising fees, DAVO has the solution. Our process is passive, seamless, and automatic. We optimize any recurring payment cycle of 30, 60, or 90 days (etc.) and reduce that to 24 hours, compressing time.
How they describe their product/innovation: DAVO Sales Tax is the automated sales tax solution for small to mid-sized merchants. DAVO’s patented process automatically and passively collects, files, and pays sales tax for a merchant utilizing the ACH and card payments networks. This unique process integrates with a merchant’s POS and backend accounting packages, setting aside the total sales tax collected daily, holding it safe and secure. DAVO’s goal is to do for sales tax what ADP and Paychex did for payroll.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts:
Bus. Dev. & Press: Owen Brown, CEO, [email protected], 973-650-3134
Sales: David Joseph, Chairman, [email protected], 207-504-4078
How they describe themselves: Alfa Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services to corporate and retail customers.
How they describe their product/innovation: Sense is a new way of mobile banking for universal banks. Sense works like Google Now for customers, predicting the next thing they might need. It’s more gentle and personal than the ordinary bank app and communicates like Facebook Messenger.
Product distribution strategy: Direct to Consumer (B2C), through other fintech companies and platforms
