FinovateFall 2010: Day 2 / Session 3

by Bryan Derman on October 5, 2010

in Bryan Derman, Conferences & Meetings, Finance, Finovate, Innovation, Technology

Glenbrook’s Bryan Derman is live blogging from FinovateFall 2010. This is one of several posts; you can find an index to his coverage here.

Capital Access Network:

  • They use a “daily remittance” model for SMB lending
  • Their underwriting product can be used for a variety of loan products — revolving/term loans, credit cards, merchant cash advances
  • They find that traditional credit bureaus and FICO scores are NOT predictive — some high FICO scores are poor credit risks.  They generate their own risk score
  • They are more interested in daily credit card volume, which provides a lot of insight into future cash flows
  • They require borrowers to remit a portion of their card sales EACH DAY.  Gives them much fresher data on the quality of the loan and allows them to adjust credit policy and collection strategy each day


  • A Spain-based global financial social network that brings together professionals and individual investors
  • Aggregates investment accounts and allows them to be shared in a controlled manner, creating communities where asset managers can share their results and establish their credibility
  • Operates on Unience’s “Unions” open platform.  Allows managers to create an intimate community with their customers


  • Have enhanced their model so that any merchant that accepts Bling can distribute the Bling tags to their customers for attachment to their mobile phone
  • Their “Bling Box” contains a full kit — a Blinger (terminal) and a display with Bling tags
  • The Bling tag can operate as a loyalty card (capable of delivering offers/coupons), without even being attached to a payment account
  • The Bling tag can be attached to a Facebook page
  • Bling tag can also be linked to your PayPal account to be used as a payment token (woah!)
  • Also signed an agreement with Fifth Third Processing to enable linking to their 3,000 bank customers for funding accounts


  • Attempting to improve the efficiency of online marketing
  • Built on the Yodlee 10 platform
  • Introducing new fin app obtained from banks that initiates a dialog with retailers and serves offers to potential customers
  • Retailers are selected based on consumer demographics and spending patters entered into the system by the bank
  • The bank shares in the revenue from the incremental sales and gets opportunities to cross-sell relate financial products


  • Setting up and tracking a budget is hard and so few people keep it up
  • Pageonce has 3 million registered users and is focuses on delivering via mobile
  • Their mobile app runs on all cell phone platforms (even Windows Phone 7!) and attempts to synthesize all cash sources and uses and present a simple, integrated picture
  • Provides simple picture of deposit accounts, card spending, bills to be paid, and alerts


  • Security system for card not present (CNP) transactions
  • Another card with a processing chip and display screen that allows the user to activate and deactivate a card and authenticate the user in a number of ways
  • For example, a PIN entry on the card can generate a dynamic Card Verification Value (CVV)
  • For online banking, a PIN entry can generate a unique value to be used for log-in
  • A caller from the bank can use a code to validate their identity and authenticate the card holder to avoid phishing attacks and social engineering schemes
  • Can also digitally sign a particular transaction code


  • Money management platform for families with teens and ‘tweens (“Educational Banking”)
  • The site sets up challenges that kids can use to earn credits toward their goals
  • Adds social network featuring that allow other family members to get involved.  The bank also gets opportunities to make relevant offers.

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