Look into the Future of Finance

From eWallets to ‘Snap to Tag,’ innovations continue during FinovateSpring.

May 25, 2013

Fiserv

Fiserv: Andrew Barnett, senior mobile solutions consultant, and Caroline Jones, user experience designer, introduce Fiserv's “Snap to Tag,” which combines real-world receipts with a digital experience.

Consumers can take a photo of a merchant receipt within their mobile banking application, extract key data, and attach the image and the data to transaction details within their mobile and online banking programs. Snap-to-Tag will be a feature within Fiserv's Mobiliti mobile banking app.



GoNow

GoNow: Ron Fridman, chief technology officer (CTO) and Joe O’Neill, vice president of business development the GoNow eWallet Card, a reprogrammable electronic device that looks like a standard payment card.

The GoNow card has the capability to become any credit, debit, or stored-value card in a consumer’s eWallet. It card can be tapped or swiped at all existing point-of-sale terminals and ATMs without any change to the existing payment infrastructure.



TipRanks

TipRanks: CEO Uri Gruenbaum and CTO Gilad Gat introduce a co-browser that aggregates, scrutinizes, and ranks digitally published stock recommendations.

The product gives individual investors unbiased information about the reliability, accuracy, and track record of companies that sell investment advice, letting the investor decide who to trust.



Yseop

Yseop: CEO John Rauscher and Marketing Vice President Elizabeth Farabee demonstrate software that writes and speaks text at more than 1,000 pages per second.

Yseop analyzes financial and consumer data, interacts intelligently with the financial institution, and produces written conclusions.



BBC Easy

BBC Easy: CEO James Walker and Vice President of Sales Corey Ross demonstrate cloud-based software that automates the collection of data from small-business borrowers.

Ross, a self-described recovering banker, agreed to put his banker tie on for this presentation. BBC Easy reads lender-specific data directly from the borrower's accounting system to verify loan compliance and financial viability.



Kofax

Kofax: CTO Anthony Macciola and Senior Business Development Manager Diane Morgan demonstrate an onboarding product that helps financial institutions sign up consumers for specific products, services, or accounts.

The product captures consumer data and documents to support onboarding processes directly from mobile devices. It prompts consumers to submit information that is automatically extracted, validated for accuracy, and then used in the institution's decisioning process.



Finect

Finect: Jennifer Openshaw, president, and Founder/CEO Nicolas Oriol introduce the first social network focused solely on the needs of financial advisors, asset managers, and investors.

The network verifies the professional credentials of its members, allows for real-time alerts on investments, and helps compliance officers and marketers comply with investment regulations.



Finovera

Finovera: Purna Pareek, CEO, and Preeti Ray, senior product manager, introduced a digital file cabinet that helps consumers manage their bills, accounts, and financial documents.

The product automatically downloads up to 12 months of statements, organizes them, and presents them to consumers with detailed analysis.