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 like a feature-rich billpay and gets data without the need to sign into the various accounts. The top navigation is strongly reminiscent of Facebook – does that count as a feature or bug? Cool Factor: 3 I Want It: 3 Revenue Potential: 3 Signifyd A product from the PayPal mafia, Sygnifyd is billed as being insurance for efinance. Its software aims to improve on the manual review process for risky transactions with automation. The automated process checks various sources such as LinkedIn and Facebook to verify the ID of purchasers. Social data saves time and friction for easier risk mitigation. Using power of social media to save time and cost with agents? Good idea. Cool Factor: 4 I want It: 3 Revenue Potential: 4 Finect Finect is a social media site for the regulated industry. It counts 50,000 users in Europe after two years of operation. [...]
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