Finance Innovations


Golden Key Bridge Between An Idea And Dollar Coins

The internet of everything solutions involve not just big data, but also at times the sensors for the collection of the data, as well as integration into supply chain solutions. This month, we are drilling down into specific examples of big data, mobile, cloud and sensor solutions which are facilitating the emergence of the Age of Personalization one industry at a time. The profiled companies and solutions are from “World’s Top 10 Most Innovative Company in Finance” by Fast Company, and includes information from the company web sites themselves.  E-mail your input to


  1. ONEID: Single, Secure Login

Passwords are gone, forms are completed in a click, and you’re straight to checkout.

For businesses, OneID makes it easy and secure for your customers to login, complete checkout, and approve transactions using their mobile phones. With OneID Suite, you get an integrated identity system, while OneID Confirm adjoins your existing username/password system with two-factor authentication tools.  With both, OneID helps protect you and your customer from today’s threats.


  1. Estimize: Crowdsourced Platform for Earnings Forecasting

Estimize is an open financial estimates platform which facilitates the aggregation of fundamental estimates from independent, buy-side, and sell-side analysts, along with those of private investors and students. By sourcing estimates from a diverse community of individuals, Estimize provides both a more accurate and more representative view of expectations compared to sell side only data sets which suffer from several severe biases.

  1. eToro: Follow and Copy the Investment Pros

eToro is the first global market place for people to trade currencies, commodities, indices and stocks online in a simple, transparent and more enjoyable way. Today, we empower over 2.75 million users in more than 140 countries worldwide (but not currently including the US) to manage their funds through our innovative online investment platforms and active trading community, with thousands of new accounts created every day.

Processing Volumes of Data

  1. Splunk: Real-Time Data to Improve Service

Splunk helps financial services clients leverage real-time data to improve service delivery and customer loyalty, enable timely payment processing and improve trade processing efficiency.

  1. Wells Fargo: $1 Billion Dollars in Deposits

Wells Fargo & Company is the first major U.S. bank to offer mobile services for corporate and commercial customers announced that businesses have made more than $1 billion in mobile deposits through its CEO Mobile® Depositservice. With the free CEO Mobile iPhone app, customers can use an iPhone or iPad to quickly scan and deposit checks and money orders conveniently and securely, enabling them to speed up their cash flow.


  1. BitCoin: Person-to-Person MicroPayments, but not as secure and accepted as PayPal

Bitcoin is an open-source peer-to-peer payment system which doesn’t involve central authority or banks to manage transactions. When you use Bitcoins to purchase something you are directly exchanging it with the merchant.

At the moment, Bitcoin is used as a payment system by a lot of online shopping, gambling, web hosting websites as well as a few local stores and coffee shops in some countries.

  1. GiveDirectly: Charitable Donations Delivered Through SMS to Needy in Kenya and Uganda

Based on performance to date we expect to put 90% of your donation into the hands of a recipient in Kenya and 87% in Uganda.

Mobile Innovation

  1. Nice Systems’ Mobile Reach: Mobile Alerts and Phone Calls Anticipating Your Cash Flow Needs

NICE Mobile Reach analyzes, in real time, a multitude of data sources from the mobile device and enterprise systems and then recommends for the customer the most suitable channel to continue the interaction when they need assistance. As the customer and agent converse over the phone, multimedia collaboration tools such as text chat, image exchange, and document transfer will be available for both parties, making the interaction effective, increasing conversion rate, and driving quick and complete resolution on first contact.

Minimize Processing Fees

  1. Dwolla: Virtual Charge Card for 25 cents a Transaction

Dwolla is a payment network that allows any business or person to send, request and accept money. We’re not like those other big payment companies that rely on plastic cards and charge hefty fees. Instead, we’ve built our own network that securely connects to your bank account and allows you to move money for just $0.25 per transaction, or free for transactions $10 or less.

10. Transferwise: Foreign-Exchange for 0.5% of Transaction

Sending money abroad is deceptively expensive, thanks to the hidden fees we’ve all been forced to pay. Now TransferWise lets expats, foreign students and businesses transfer money wherever it’s needed, at the lowest possible cost. No hidden fees, no headache.

How does our list compare to your own? Who would you add or take out?  E-mail us at with your thoughts.

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