FinovateSpring 2015 – Bento

How they describe themselves: Bento is addressing a large, unmet need by designing financial solutions specifically for small businesses. Traditional banks have treated this market as an afterthought, with hand-me-down products that were really built for large companies or consumers.

The Bento platform helps small businesses better manage and control expenses, become more efficient and raise capital more easily, all through an incredibly simple, elegant solution that connects online software to feature-rich payment cards. Bento’s mission is to free small business owners from the administrative and financial burdens of running a business, enabling them to focus on growing their business instead.

How they describe their product/innovation: Bento’s first offering, the Bento MasterCard, is a prepaid commercial card solution built just for small businesses.

Business owners can set rules by employee, amount, time and category before anyone can spend a dime. Bento cards can be enabled and disabled in a second with just one click and bear the employee’s name. Real-time dashboards enable business owners to see everything in one place and quickly track expenses by place, employee, project, category and more. Bento makes spend management and bookkeeping painless.

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

Contacts:

Bus. Dev.: Farhan Ahmad, CEO, [email protected]
Press: Kerry Metzdorf, Big Swing Communications, [email protected], 978-463-2575
Sales: Lance Wills, Marketing, [email protected]

FinovateSpring 2015 – Avoka

How they describe themselves: Avoka creates frictionless customer experiences for applications such as applying for credit cards, bank accounts or government services. Focused on an omni-channel user experience integrating digital, branch, and call center, Avoka software optimizes the “buy” portion of digital customer acquisition to increase financial service account sales, without changing back-end systems. Avoka delivers a proven track record with financial services and government organizations including more than 12 years managing digital sales and service transactions and upward of 100M global business-critical customer transactions completed each year.

How they describe their product/innovation: Product and pricing are not differentiators in financial services – 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 to 51% in just four weeks by focusing on delivering a frictionless customer experience.

We demonstrated combining social, cloud services, and crowd-sourcing into the world’s fastest credit card application.  We minimize customer effort and deliver measurably higher levels of account conversion.  Because online, seconds matter.

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

Contacts:

Bus. Dev.: Philip Copeland, CEO, [email protected], (c) 303-802-0877
Press: Diana Kearns-Manolatos, Articulate Communications, [email protected], 212-255-1203
Sales: Dermot O’Doherty, SVP Sales & Customer Success, [email protected], (c) 720-469-1977

FinovateSpring 2015 – Aurora Financial Systems

FinovateSpring 2015 – Aurora Financial Systems

How they describe themselves: Aurora is a debit processor and program manager, focusing primarily on incentive, payroll, and reloadable prepaid products. We’ve spent the last 4 years building out our processing platform and mobile functionality and have key partnerships with PFM leaders such as MX and Mvelopes.

How they describe their product/innovation: NOTE is the first vertically integrated budgeting solution for Financial Institutions. Unlike other products, which promote leaving your bank for their products, NOTE was created to manage your discretionary spend and compliment the FIs checking and savings accounts. We use MX’s award winning budgeting solution and our processor is directly connected to provide real-time budget updates.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

Contacts:

Bus. Dev., Press & Sales: Scott Stagg, Co-Founder, [email protected], 914-318-6651

FinovateSpring 2015 – Alpha Payments Cloud

FinovateSpring 2015 – Alpha Payments Cloud

How they describe themselves: Alpha Payments Cloud has evolved the world of eCommerce by consolidating the payments world onto one platform that enables Banks, Merchants, MSPs and ISOs to access any payment type, any solution provider, anywhere in the World.

With well over 100 vendors already integrated, APC continuously integrates new vendors “on- demand” across any transaction related category, enabling its users to finally match integrations to the speed of their innovation. The AlphaHub revolutionizes how Merchants, Acquirers and Product Providers interact with each other and adds a new dimension of speed, customization and simplicity.

How they describe their product/innovation: Through the AlphaHub, connected Banks, Merchants, MSPs and ISOs gain access to any solution provider in the World. The AlphaHub is an omni-channel solution access platform that enables merchants to connect to service providers in a simple and scalable way, through a single integration.

The depth and range of connected service providers and solutions span across the entire transactional, risk management and commerce solution spectrum, with over 100 third party solutions and a suite of white-labeled products currently available.

Additionally, the AlphaHub proprietary orchestration engine enables users to customize down to the individual transaction layer, leveraging each solution’s unique functionality and benefits.

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

Contacts:

Press: Ronan McDonnell, Marketing Coordinator, [email protected], 00353863762313
Sales: Robert Estes, Head of Sales, North America, [email protected], 904-200-0011

FinovateSpring 2015 – 3E Software

How they describe themselves: Easy, Efficient, Effective

Headquartered in Northwest Arkansas, a place known for developing industry-changing companies, 3E embodies the “up from your boot straps’” character and vision that is required to change the thinking of a centuries old industry.

At an ROI of 200% or greater per year, Teslar delivers huge efficiency gains and still maintains an interface so easy to use, even a lender can use it.

Unlike other software companies that pick a side, frontline staff or operations, 3E works diligently to make sure both sides have the most effective solution possible.

How they describe their product/innovation: Teslar is a revolutionary lending and credit management Software as a Service solution that empowers bankers to be more efficient and effective by giving them a cradle to grave platform. With its ability to help in almost all facets of lending from pipeline and call activity, to loan review, there is little that Teslar can’t do.

Product distribution strategy: Direct to Business (B2B)

Contacts:

Bus. Dev., Press & Sales: Joe Ehrhardt, President, [email protected], 479-927-0200

FinovateSpring 2015 – Credit Sesame

FinovateSpring 2015 – Credit Sesame

How they describe themselves: Credit Sesame is the industry’s first and only credit based financial management platform that gives millions of consumers the tools they need to access, monitor, and analyze their credit and loans, improve their financial standing, and protect their credit and identity all in one place for FREE.

Our proprietary recommendation engine, with bank-level analytics, monitors the market, runs thousands of scenarios, and analyzes each individual’s credit and financial profile to identify the best loans and savings opportunities, to help millions of people make smarter financial decisions, to save money and live richly.

How they describe their product/innovation: Credit Sesame makes it easier than ever for consumers to access, monitor, and manage their credit and loans, and protect their identity. Our latest innovation fully integrates our mobile technology with our award winning web service, to bring the convenience of tracking finances and higher security to an increasing number of mobile users on the go. Through the first of its kind Siri integration in the financial services industry, mobile app users can simply ask Siri about their credit score and more, to check on the status of their credit and financial information with the tap of a thumbprint. It’s that easy.

Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms

Contacts:

Bus. Dev.: Joseph Mognon, Head of Bus. Dev., [email protected], 650-209-8911
Bus. Dev. & Sales: Adrian Nazari, CEO, [email protected], 650-539-4144
Press: Gary Bird, FortyThree PR, [email protected], 831-345-5345

FinovateEurope 2015 – Bendigo and Adelaide Bank

FinovateEurope 2015 – Bendigo and Adelaide Bank

How they describe themselves: redy was developed by Bendigo and Adelaide Bank (‘Bendigo’) and its wholly owned subsidiary Community Telco Australia. Bendigo is Australia’s fifth biggest bank and the only one headquartered outside a capital city. It is renowned for Community Bank®, which enables local communities to own and operate a Bendigo Bank franchise. These communities have contributed $125M in profits to local projects and charities. Bendigo’s retail arm, Bendigo Bank, is Australia’s favourite business bank and most recommended personal bank by its customers. Bendigo is rapidly growing its agribusiness banking and runs large wealth management and wholesale mortgages businesses.

How they describe their product/innovation: redy is a mobile payments platform that enables customers to transact with registered redy businesses, but it is more than just a way to pay. Each purchase earns a percentage of the transaction value – ‘Creds’ (a virtual currency) – which can be redeemed for personal use or donated to community projects or charities. Consumers can also complete direct mobile donations from redy simply by scanning the code in the charities or projects’ marketing material.  redy connects shoppers and businesses to causes that are important to them and is therefore a marketing tool to encourage local buying.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Contacts:

Bus. Dev. & Sales: David Joss, CEO, Community Telco Australia, [email protected], +61 03 54542019
Press: Owen Davies, Head of PR, [email protected], +61 0354857108

FinovateEurope 2015 – Dynamics Inc

How they describe themselves: Dynamics was founded and seeded in 2007 by Jeff Mullen, its President and CEO. Dynamics produces and manufactures intelligent powered cards such as advanced payment cards. Focused on introducing fast-cycle innovation to top card issuers, the company’s first commercial application is the world’s first fully card-programmable magnetic stripe for use in next-generation payment cards.

Contacts:

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

FinovateEurope 2015 – Delta Bank

How they describe themselves: Delta Bank is a Ukrainian, innovative, universal bank that provides a wide range of products and services for all types of clients. We are the best and the fastest growing consumer lending company.

As of January 8, 2014, the bank’s network is represented by 222 branches, 84 loan centers, and more than 3,000 ATMs (including the partner network ATMs “Atmosphere”) throughout the continental Ukraine.

We are working hard on the development of transactional business: payments, P2P transactions, e-money and a selection of other products and solutions.

How they describe their product/innovation: Pay2You is a service for sending money to any contact from your address book. It is very simple – you choose the recipient of payment from your phone book, input your card details and the sum, then push “send money,” and the recipient receives the SMS with the transfer security code. Then the recipient just enters any of their card numbers along with the security code and the money instantly proceeds to their account. The process of sending a transfer takes no longer than 10 seconds.

The service can be enjoyed on the website, mobile app, or directly from Facebook.

Product distribution strategy: Direct to Consumer (B2C), through financial institutions

Contacts:

Bus. Dev. & Sales: Stanislav Ostrovskiy, Head of R&D, [email protected],
+38 050 351 90 94
Press: Alina Chyzh, Head of PR, [email protected], +380503324558
Kate Makedonska, PR Manager, [email protected], +380633358750

FinovateEurope 2015 – Cash Payment Solutions

FinovateEurope 2015 – Cash Payment Solutions

How they describe themselves: Cash Payment Solutions built the largest private retail banking branch network with more than 3,400 POS and more than 70,000 cashiers through partnerships with 5 of the largest German retail chains (dm, Metro Group real, Deutsche Telekom, mobilcom-debitel, Budni) accepting payments for CPS.

Cash Payment Solutions replaces traditional banking branches by enabling consumers to do the most basic banking service (cash-in/cash-out) at local stores nearby with better availability (e.g. flexible opening hours on Sundays) and conveniently combined with shopping.

550 companies are successfully using CPS payment infrastructure to accept payments from different verticals like E-commerce, online gaming, utilities, and payment collection companies.

How they describe their product/innovation: Cash Payment Solutions is showing new use cases outside existing verticals for mobile banking, insurance, and local authorities.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Contacts:

Bus. Dev.: Sebastian Seifert, MD, [email protected]
Press: Susanne Krehl, Head of PR, [email protected]
Sales: Investors: Sebastian Seifert, MD, [email protected]
E-Commerce & Online Gaming: Lars Hofmann, Head of Online Sales, [email protected]
Utilities: Frank Weinmann, Head of Utilities, [email protected]

FinovateEurope 2015 – Bitbond

FinovateEurope 2015 – Bitbond

How they describe themselves: Bitbond is a global peer-to-peer bitcoin lending platform. We provide access to affordable loans and profitable fixed income investments. Bitbond users don’t need a bank account. Therefore, everybody who has an internet connection can get a loan or invest their savings for interest. Bitbond is the first global market for small business loans.

How they describe their product/innovation: Bitbond AutoInvest allocates funds on behalf of lenders according to their chosen investment profile. AutoInvest will create a loan portfolio according to pre-defined criteria. The criteria are: investment amount, risk category, base currency, and regions. The regions are North America, Latin America, the Caribbean, Europe, Central Asia, the Middle East, North Africa, Sub-Saharan Africa, Asia, and the Pacific.

The exciting thing about this is that Bitbond allows you to invest automatically into a globally diversified loan portfolio at 0% fees.

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

Contacts:

Bus. Dev., Press & Sales: Radoslav Albrecht, CEO & Co-Founder, [email protected]

FinovateEurope 2015 – CoinJar

FinovateEurope 2015 – CoinJar

How they describe themselves: CoinJar is the eminent digital finance platform in the Australian market. We develop simple and useful products that allow consumers to buy, sell, and use digital and traditional forms of currency, from bitcoins to Australian dollars, in any way they want. As Australia’s largest and longest–running bitcoin company, CoinJar was the first in the market to launch a bitcoin debit card that allows users to spend digital currency to purchase anything.

How they describe their product/innovation: CoinJar lets users buy, sell, send, receive, and spend digital and traditional forms of currency using the blockchain technology that underlies bitcoin. With a simple user interface designed for the average consumer, CoinJar bridges legacy payment systems and new digital platforms. It opens the potential for bitcoin to become the future of global remittance payments, automated escrow, smart contracts, digitised asset ledgers, and secured and signed user cryptography.

CoinJar also has an open API, allowing developers to innovate on top of the CoinJar platform to adopt the best of blockchain technology for uses other than currency.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

Contacts:

Bus. Dev.: Asher Tan, CEO, [email protected], +61433314196, +447534350094
Press: Zhoe Low, Communications Strategist, [email protected], +61431074712
Sales: Samuel Tate, Marketing Lead, [email protected], +61448400128