Category Archives: Yseop

Alumni News– August 28, 2014

  • Finovate-F-Logo.jpgPymnts features PayPal’s OneTouch mobile payments app.
  • American Banker considers how banks are looking closely at how BillGuard uses geolocation to prevent fraud.
  • Taulia launches SupplierPay.org to help corporations support the White House’s SupplierPay initiative.
  • IBM and Monitise expand partnership to combine IBM’s sales and specialist resources with Monitise’s Mobile Money services.
  • Pymnts.com feature on lending shares observations on consumer credit from Lending Club.
  • Forbes column on natural language processing features Narrative Science and Yseop.
  • Wired.co.uk profiles BehavioSec in its Stockholm category of “Europe’s hottest startups” in 2014. See BehavioSec at FinDEVr this fall.
  • CopSonic joins the FIDO Alliance.
  • Markets Media features interview with Avoka CEO Phil Copeland.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgLivePlan launches its Black Widow update to enhance performance monitoring.
  • Bank Innovation looks at GoBank’s decision to shorten holding periods for mobile check deposits.
  • NICE Systems earns 2014 Star Performer award from Speech Technology magazine.
  • Top Image Systems partners with Allied Payment Networks to implement MobiPAY.
  • Time features ReadyForZero as 1 of 50 Best Websites for 2014.
  • Hiveage compares OnDeck, Kabbage, PayPal Working Capital, & CAN Capital Come see OnDeck at FinDEVr.
  • Quisk awarded US patent for enabling consumer activated security for a mobile payment system.
  • The Rude Baguette interviews Yseop CEO, John Rauscher.
  • New partnership brings Geezeo’s PFM solution to MEA’s native mobile banking platform. See Geezeo at FinovateFall 2014 in New York.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– June 25, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKreditech raises $40 million in series B round.
  • Charge! LoopPay launches its iPhone ChargeCases.
  • Fiserv announces new partnerships and renewals with four credit unions.
  • Navy FCU chooses Select Mobile Money prepaid mobile app from Cachet Financial Solutions.
  • P2Binvestor adds three Colorado companies to its portfolio in June.
  • Ian McKenna examines how Yseop’s artificial intelligence can help financial advisors.
  • Vaamo launches Goal-Based Savings Platform on Invite-Only Basis.
  • Oink (formerly VirtualPiggy) and SafetyPay partner to enable Oink to accept local payments as they expand into Europe and Latin American markets.
  • ReadyForZero launches API to enable partners to deploy its debt-management platform on their own sites.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– May 13, 2014

  • InComm partners with Softgate Systems to enable consumers to make cash bill payments in-store for 12k billers.
  • TIO Networks partners with PSE&G to enable customer payments at 2,000+ retail locations.
  • TSYS chooses ShopKeep to offer POS technology in the cloud.
  • FIS introduces Early Risk Manager, a turnkey, cloud-based risk and compliance solution for FIs.
  • Back to Banno: ProfitStars rebrands Andiamo mobile payments solution; now called Banno Mobile.
  • Mambu wins core banking contracts with financial organizations in Nigeria, Angola, and Kenya.
  • United Community CU partners with Insuritas to create a virtual “Insurance Aisle” inside the credit union.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Yseop Launches its Sales Force Productivity Suite in the U.S.

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This post is part of our live coverage of FinovateSpring 2014.
First to take the stage after lunch, Yseop stepped up for the U.S. launch of its Sales Force Productivity Suite:
“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (“Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. 
YSF analyzes customer data, dialogs intelligently with the advisor or customer to gather contextual data, and produces written conclusions such as pre- and post-meeting summaries, personalized marketing communications, and prep-to-meeting documents in less than a second.”
Presenting: Elizabeth Farabee (VP Marketing) and Matt Rauscher (Consultant)
Product Launch: April 2014 (in the United States)
Metrics: Privately self-funded. Over 20 years of research. 35 employees. 30 large customers with 20,000 users in production daily in the banking & insurance industries. 
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Dallas, Texas (U.S. HQ); Lyon, France (European HQ); offices in New York, London & Paris
Founded: First commercialized as a stand-alone product in Europe at the end of 2008
Website: yseop.com
Twitter: @yseopAI

Where the Alums Are: A Remembrance of FinovateSpring Past

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It is hard to believe that it is almost time for FinovateSpring 2014.

There’s still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can’t wait for you to see what this year’s spring crop of fintech entrepreneurs and innovators has in store.

Before we do, however, let’s take a moment to take a look back at last year’s FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums

We’ve grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!

EXITS
  • Jack Henry buys Banno for undisclosed sum
  • The rumors are true: eBay’s PayPal acquires Braintree for $800 million in cash
  • Intuit buys tax planning/preparation specialist GoodApril
  • TaxAct acquires Balance Financial
FUNDINGS
  • CardFlight secures $1.6 million in seed funding from ff Venture Capital
  • Encap earns seven-figure investment from ProVenture Seed
  • EyeVerify earns $2.3 million in Series A funding
  • Jemstep raises $4.5 million in Series A round
  • Kabbage brings in $270 million in debt financing to provide small businesses with funding of their own
  • Kabbage brings in $75 MIllion in debt financing
  • Leaf raises $20 million from Heartland Payment Systems
  • Alternative lender LendUp raises $14 million in new funding
  • D3 Banking creator Lodo Software Brings in $3 million
  • Narrative Science secures $11.5 million in Series C funding
  • OpenCoin wins investment from Google Ventures, IDG Capital Partners
  • P2BInvestor raises $1.2 million in Series A round
  • PayNearMe leverages Family Dollar Partnership; raises $20 million
  • PayNearMe raises $10 million in Series D funding, launches Express Merchant Onboarding Option
  • Prestadero raises 5 million pesos ($400,000 USD) in first round of funding
  • Quantopian raises $6.7 million in Series A round
  • Realty Mogul raises $9 million in round led by Canaan Partners
  • SeedInvest raises $2 million in crowdfunded investment campaign
  • SeedInvest Raises $1 million in round Led by Jumpstart New Jersey Angel Network
  • Zooz Closes $2 million Series A round Led by XSeed Capital
AWARDS
ACQUISITONS
  • OpenCoin acquires SimpleHoney
  • Kofax acquires data integration software provider Kapow Technologies
  • NICE to acquire Causata to enhance customer experience management

Finovate Alumni News– April 4, 2014

  • MasterCard partners with SIX Payment Services to bring MasterPass to Switzerland.
  • Texas Bay Area Credit Union to deploy Fiserv payments solution suite.
  • New agreement means MasterCard EMV debit cards will run on First Data’s STAR Network.
  • Pymnts News: Equifax partners with Jumio for Mobile Commerce.
  • Actiance’s partnership with Trustlink to give it access to a growing market in Africa.
  • D magazine interviews Yseop CEO John Rauscher. See Yseop demo at FinovateSpring in San Jose.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring 2014 Sneak Peek: Part 2

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This year’s return to California for FinovateSpring will feature both new and old faces, as innovative startups make their fintech debuts and established veterans continue to remind us all that they’ve still “got it.”

Maybe your interests in FinovateSpring lie in something specific like security or mobile payments. Or maybe you are just looking forward to taking in all that this year’s crop of FinovateSpring presenters has to offer. 

Whatever your fintech appetite, we think you’ll find our Sneak Peek series a helpful way to get to know the entrepreneurs that will be taking the stage next month in April.

So today we introduce you to another set of six companies: Interactions, Kreditech, Market Prophit, Personal Capital, Yseop, and ZenPayroll. And if you missed the first installment of our FinvoateSpring 2014 Sneak Peek series, click here.

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Interactions Corporation is the only truly conversational, self-service solution to move more activity to self-service and free up agents for higher order tasks.
Features:
  • Delivers a fully unstructured, open-ended conversation between businesses and their customers
  • Understands with an unrivaled 95% accuracy in both speech and text
  • Deploys in 12 to 18 weeks
Why it’s great: We put customers first by engaging them in a free form dialogue, allowing them to solve problems quicker, and with less effort.
Phil Gray
Responsible for leading business development. Phil is a successful startup executive with extensive experience in natural language understanding and contact center technologies. 
Dan Fox, Marketing Manager

Kreditech uses Big Data and complex machine-learning algorithms to enable faster, better, and more sustainable credit decisions.
Features:
  • Developing self-learning, self-calibrating Big Data scoring
  • Building the “Amazon for consumer lending”: 24/7, always and everywhere available lending platform
  • Innovative FinTech products
Why it’s great: Based on Big Data scoring, Kreditech is building a centralized and global online lending service for innovative consumer finance products.
Sebastian Diemer, Co-Founder and CEO
Started building one of the most innovative global Big Data technology companies in 2012. Today, Kreditech is innovation leader in Big Data scoring.
Alexander Graubner, Founder and CTO
Combines cloud-based big data infrastructure and machine learning to build the world’s consumer scoring technology.

Market Prophit empowers every investor with real-time intelligence into what’s moving the market by quantifying global, financial-related conversations in social media.
Features:
  • Real-time sentiment and buzz in stock-related social media chatter
  • Identify the “mavens” in the “crowd” with our quantitative blogger ranking system
  • Track stocks and bloggers you care about
Why it’s great: Klout + Morningstar for social media financial influencers
Igor Gonta, CEO
Extensive experience on Wall Street in sales and trading, and brings that to the intersection of Big Data and finance.

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Personal Capital’s One Click Investment Proposals enables our advisors to efficiently analyze prospective clients’ finances and deliver investment recommendations tailored to their unique needs.
Features:
  • Advisors generate 90% of a client’s portfolio with one click
  • Clients see their complete & up-to-date household financial data and a comparison of their existing portfolio to an optimal one
Why it’s great: We’re making it digital – while keeping it personal.
Bill Harris, CEO
Has spent his career dragging the financial industry into the 21st century. He’s developed financial technology for 25 years – including as CEO at Intuit and PayPal.
Jim Del Favero, CPO
Has spent his career designing and building consumer financial software. Before Personal Capital he was head product manager for Quicken at Intuit.

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Yseop is natural language generation software based on artificial intelligence that boosts sales productivity and turns each financial advisor into an expert without additional training.
Features:
  • Yseop automates the sales process from lead generation to the writing of pre-to-meeting reports, customer follow-up and personalized marketing communications — automatically.
Why it’s great:
Yseop turns data into text, leads into clients, and salespeople into experts. Double your sales force productivity overnight with the power of artificial intelligence.
Elizabeth Farabee
Has a background in inbound and direct marketing. She is passionate about Yseop’s personalized marketing potential in both the B2C and B2B markets.
Matt Rauscher
Is a consultant at Yseop. He lived nine years in the United States, and graduated with a Master’s Degree in Finance.

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ZenPayroll is modern, delightful payroll. Our mission is to make payroll as simple and intuitive as possible using the principles of modern software.
Features:
  • Makes payroll as simple and intuitive as possible
  • Helps business owners build stronger teams
  • Empowers employees by enabling them to be equal stakeholders
Why it’s great: Payroll should be about people, not payments. ZenPayroll is unearthing the human side of compensation currently buried under layers of complexity and government bureaucracy.
Joshua Reeves, CEO and Co-Founder
Believes in the power of software to solve complex problems, and founded ZenPayroll to deliver delightful, modern payroll to businesses everywhere.

Stay tuned for the next edition of our Sneak Peek series coming next week.

Finovate Alumni News– February 21, 2014

  • Finovate-F-Logo.jpgBanking Day reports: SocietyOne to take next step in development next month, when it announces the involvement of a strategic investor.
  • ThreatMetrix announces frictionless, context-based authentication to prevent unauthorized access to enterprise applications.
  • TSYS announces increased investment in Central Payment Joint Venture.
  • Fiserv Premier platform picked by New Jersey-based Sussex Bank.
  • CRIF acquires OFWI, aka, Teledata, from Axon Active Holding AG.
  • ZenPayroll brings in $20 million in Series A funding from General Catalyst and Kleiner Perkins.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Yseop Launches YseMail, a Sales Force Productivity Suite

This post is part of our live coverage of FinovateEurope 2014.

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Afterwards, Yseop launched YseMail, a product aimed at helping sales agents:
 
“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (pronounced “Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. YSF analyzes customer data, dialogs intelligently with the financial advisor or customer to gather contextual data and produces written conclusions in seconds, including pre- and post-meeting summaries, personalized marketing communications and prep-to-meeting documents. YSF has demonstrated an improvement in sales productivity of 20% overnight.”
Presenting Elizabeth Farabee (VP Marketing) and Arden Manning (Communications & Bus. Dev.)

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Product Launch: February 2014
Metrics: Privately self-funded. Over 20 years of research. Commercialized as a stand-alone product in Europe at end of 2008. 30 employees. Winner of 2013 Google-sponsored DMA Innovation Award for its CRM integrated cross-selling solution. Selected as French National Champion for the 2013-14 European Business Awards. Largest customer in production is a retail bank with 12,500 daily users.
Product distribution strategy: Direct to Business (B2B), through other fintech companies 
HQ: Lyon, France (European Headquarters) & Dallas, Texas (U.S. Headquarters)
Founded: First commercialized as a stand-alone product in Europe at the end of 2008.
Website: yseop.com
Twitter: @YseopAI