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Security and Mobile Wallet Top of Mind At Finovate Spring 2013

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May 16, 2013
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Security and Mobile Wallet Top of Mind At Finovate Spring 2013

Authentication of users, particularly users of mobile banking, was top of mind at Finovate, as was mobile wallet. This is fitting, since a recent study showed security fears were the number one reason holding back mobile wallet adoption. None of the five Best of Show award winners were from these two prominent product categories....
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Finovate Day 2 Afternoon Recap and Ratings

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May 15, 2013
1
Finovate Day 2 Afternoon Recap and Ratings

Finovate Day 2 Afternoon Recap, Reaction, and Ratings, from Bank Innovation Curaxian Curaxian is taking on ecommerce payment fraud. Curaxian analyzes payments data to cut down on manual review costs. Fighting fraud costs time, money and lost orders, so Curaxian is looking to automate it and stop fraud without stopping good orders. The fraud...
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Finovate Day 2 Morning Recap and Ratings

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May 15, 2013
1
Finovate Day 2 Morning Recap and Ratings

We’re into Day 2 here at Finovate. Bank Innovation has been following the presentations and here’s our recap and ratings for your reading pleasure. SESSION 1 Finovera Finovera is a tool for simplifying and managing your financial life. Users can organize various accounts and pay bills without dealing with a stack of paper bills. It’s...
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Finovate Day 1 Afternoon Recap and Ratings

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May 15, 2013
2
Finovate Day 1 Afternoon Recap and Ratings

Bank Innovation attended Finovate Spring 2013 in San Francisco and rated all the presenters. Here’s the second half of Day 1′s presenters. SESSION 3 Corduro Corduro introduced a cloud-based multichannel transaction engine called PayMobile. The mobile wallet solution works with cards but is designed for the smartphone. On the other end of the transaction,...
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Finovate Day 1 Morning Recap and Ratings

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May 15, 2013
1
Finovate Day 1 Morning Recap and Ratings

Couldn’t make it to Finovate Spring 2013 in San Francisco? Bank Innovation did, and recorded — and rated on a scale of 1 to 5 — all the action on the big stage. SESSION 1 EyeVerify EyeVerify is a biometric verification system for online banking logins. Users “sign in” with an eyeprint – a...
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@BankInnovation Initiates Coverage of FinovateSpring 2013

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May 14, 2013
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Our man Phil Ryan is out in San Francisco covering FinovateSpring. See his Twitter coverage of the event at @BankInnovation or at the #finovate hashtag. Phil will also be posting Bank Innovation’s customary ratings of the demoing companies here over the next couple of days.
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Monitoring Transactions Without a Forklift

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May 9, 2013
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With so many business expectations evolving around the consumer experience as a focal point, why has transaction-centric application performance monitoring NOT been adopted by ALL banks? Newer network-based solutions can be deployed in less than a day that can correlate multi-hop transactions in near real-time – without requiring agents, code changes or extra traffic loads....
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Why Bank Innovation Startups Need to ‘Pivot’

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May 8, 2013
1
Why Bank Innovation Startups Need to ‘Pivot’

Earlier this week, Pageonce ditched its brand for a new identity — Check — and stepped in a different direction toward bill payment from PFM. This is a move to be proud of. Pageonce, which is an Israeli company, exhibited a strength that too many US companies lack: the ability to pivot to a...
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Some Familiar Faces at Finovate

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May 7, 2013
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Some Familiar Faces at Finovate

Is Finovate really the FinTech startup showcase it is cracked up to be? Yesterday, the folks at Finovate circulated an email boasting of registration topping 1,100 people for the upcoming spring event, which starts in San Francisco in several days. And while I don’t want to dash the expectations of attendees, those of you...
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The Ultimate Innovation Killer: Limited Bank Charters

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May 6, 2013
1
The Ultimate Innovation Killer: Limited Bank Charters

In New York City, a taxi medallion — that is, the right to own a taxi in the Big Apple — costs $917,000. In 2003, a medallion would set a hack back around $200,000. Why the steep price increase? Supply and demand. There are around 8.5 million people living in New York City, and only...
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