Finovate2009 – Afternoon Session 2

by Bryan Derman on September 29, 2009

in Bryan Derman, Conferences & Meetings, Innovation, Technology

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I am live blogging Finovate2009 from NYC.


BillShrink – Peter Pham, CEO and Samir Kothari, VP

  • Help consumer save money on credit cards, cellphones and gas; now launching savings products
  • Interactive tools to help eliminate nuisance fees
  • Continuously monitoring banks all around the country to create apples-to-apples fee comparisons

Infosys – Puneet Gupta, Mobility Products

  • Launching mConnect multi-channel platform
  • Transactions are continuous across channels – start online, finish on phone, etc.
  • Allows the bank to do a single implementation to support multiple channels (Intuit) – Aaron Patzer, CEO

  • 1.6 million users currently
  • Partnering with Yahoo to be on their home page – widget for Budget by Mint.  Puts finances on the home page and moves Mint beyond the site (Yahoo, iPhone, Android)

Fidelity National Info Services – Matt Bowen, SVP and Aaron Calipari, Dir. Product Strategy

  • Demoing Xpress Deposit — Remote Deposit Capture solution for consumers and small businesses
  • Deposit Shield screens images for fraud on behalf of the depository institution.
  • FIS risk scores the deposit and recommends ways for the FI to mitigate fraud risk

Skill-Life (CentsCity) – Felix Brandon Lloyd, CEO and Todd Waits, VP Product Development

  • Using online game (CentsCity) and rewards to teach ‘tweens about finance
  • Kids can play simulated financial games within a virtual bank
  • Opportunities for parent involvement, as well — parents can offer to provide certain real-world rewards that kids earn by winning points in the game

Fiserv – Steve Shaw, Dir. Strategic Marketing

  • Another P2P payment service accessible from online banking
  • Bank can add a fee for expedited payments
  • Will work on day one at all Fiserv client banks
  • Recipient gets email with instructions on how to claim funds
  • Can also request funds to be deposited to your account
  • Also works in the mobile channel

Billeo – Murali Subbarao, CEO and Olly Lobo, VP Engineering

  • Introduces the Billeo Offering Assistant
  • Delivers discounts and rewards in real time at the checkout, influencing shopping behavior and payment choice
  • It’s hard to remember what offers your FI may have when you go to shop. Billeo will flag search results that contain offers you are eligible for (often from your bank or card issuers)
  • Announcing offers from Billeo through the UPside Mall

More of my Finovate2009 coverage:

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