Click here to close now.

Welcome!

AJAX & REA Authors: Jon McNeill, Carmen Gonzalez, Lori MacVittie, Elizabeth White, VictorOps Blog

News Feed Item

2014 FinCapDev Finalist Teams Announced, Set Out to Build New Mobile Apps to Improve Financial Health

The Financial Capability Development Competition (FinCapDev, http://fincapdev.com) has announced 10 finalist teams that will develop new mobile apps to help millions of Americans make smart financial choices and gain better access to financial services. The apps proposed by finalist teams address a variety of challenges, including making smart purchasing decisions, saving for the future, prioritizing bill payment, and fostering positive financial behavior in young adults.

Finalist teams will build their apps over the summer and into the fall, tapping a deep pool of FinCapDev-sourced technical resources (such as app development environments and software development kits); expert advisors from the technology, mobile, and financial services industries; and financial support. At the conclusion of the build phase, FinCapDev finalist teams will participate in the $100K Demo Day in the San Francisco Bay Area. There, they will demo their apps to a live audience and panel of expert judges in pursuit of the $50,000 grand prize. Additional prizes include two (2) $25,000 runner-up prizes, for a total prize purse of $100,000

“This ecosystem has grown significantly since we held the first FinCapDev $100K Demo Day—and continues to grow—dramatically,” said Timothy Flacke, Executive Director of the D2D Fund. “We have more partners on board, offering their expertise and technical resources. We have the continued support of our committed funders: the Citi Foundation, Ford Foundation, and the MetLife Foundation. And most importantly, we have an active, engaged community of socially-minded finalists who will build great apps.”

“This year’s roster of FinCapDev finalist teams is impressive and diverse,” said Jennifer Tescher, President & CEO of Center for Financial Services Innovation (CFSI). “We are excited to have assembled such great technical and business resources for the finalists as they develop their apps into products that will help consumers improve their financial health.”

The Ten FinCapDev Finalist Teams:

  • Alcanza (Mountain View, CA), led by Miri Hutcherson, Juntos Finanzas – Based on a bingo-like Mexican game, Alcanza targets the Latino population and works to lay the foundation of future financial security by reducing the cognitive demands of daily financial decision making and breaking down future goals into a set of achievable tasks.
  • BeThrifty (New York, NY), led by Femi King – BeThrifty will facilitate bulk purchases by small groups, allowing individuals to buy staple goods at bulk discount prices, when bulk purchases might otherwise be out of reach.
  • Climb (San Francisco, CA), led by Yoni Blumberg - Climb will help families build their financial capability by showing them which bills to prioritize when they don't have enough to pay them all.
  • DoLoCo (New York, NY), led by Xin Wang – Leveraging insights from savings and lending circles, DoLoCo will formalize informal giving and fundraising to meet the financial needs of a community and reduce dependence on expensive sources of credit.
  • MoneyThink Mobile (Chicago, IL), led by Jennifer Shoop, MoneyThink - Moneythink Mobile is an interactive social platform that will engage youth by challenging them to build financial awareness, skills, and habits.
  • Planwise (San Francisco, CA), led by Vincent Turner - Planwise seeks to enable all users to easily understand both their current finances and the future impact of any financial decisions they make through a simple, visual interface.
  • Rezzcard (Hayworth, NJ), led by Alex Cooper - Rezzcard will make the process of paying rent easier by pushing rent notifications, providing payment history, and allowing consumers to make payments directly through the app; it also provides access to a prepaid debit card.
  • RichFund (San Francisco, CA), led by Brent Lamphier - RichFund is a mobile savings app that will get people excited about their future and motivated to make it a reality. The app will help users open retirement savings accounts and understand how much they need to save today to reach their future goals.
  • Trackr (Oakland, CA), led by Trish Powell - Trackr is a mobile app for parents and children that will reward children for completing tasks while instilling sound financial values and mindful spending early in life.
  • Union Capital (Boston, MA), led by Eric Leslie, Union Capital Boston - Union Capital is a loyalty program for low-income families that will reward users’ involvement in schools, businesses, health centers, and civic programs.

To learn more about each Finalist Team, visit http://fincapdev.com/2014finalists

The following partners will provide tools and expert resources to the finalist teams, including:

  • Alpha Software, which enables developers to rapidly create and deploy robust and secure business applications for mobile devices and personal computers.
  • Appsee, a mobile analytics platform that offers a unique visual analytics solution, enabling developers to measure, understand, and optimize the user experience in their apps.
  • Arcweb, a product development consultancy that blends agile development and lean startup product management methodologies to build web and mobile applications for the enterprise, with a focus on financial services.
  • CAMBA, a nonprofit agency that provides services that connect people with opportunities to enhance their quality of life.
  • Charles Schwab, one of the world’s leading financial services firms, will provide access to expert advice.
  • Cloud Castle, designs, builds, and operates high quality digital products for a wide selection of clients, from startups such as House Account and JoinU, to larger corporations such as News Corp and LendingTree.
  • Deloitte LLP and its subsidiaries have 57,000 professionals in the United States with a single focus: serving its clients and helping them solve their toughest problems. Deloitte works in four key business areas — audit, financial advisory, tax, and consulting.
  • Intuit, creates business and financial management solutions that simplify the business of life for small businesses, consumers, and accounting professionals.
  • JPMorgan Chase & Co.’s Technology for Social Good, which provides opportunities to share the technology talent and expertise of the firm with nonprofit and social good organizations.
  • LevelUp, the largest open mobile payment network. Consumers use their LevelUp account to pay with their smart device or web browser and businesses accept transactions for just 1.95% flat, thus enabling dramatic cost savings they can pass along to customers. LevelUp is the largest open mobile payment network.
  • MetLife Inc., a leading global provider of insurance, annuities and employee benefit programs. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East, and Africa
  • NYPay, New York’s premier professional organization for payment industry leaders and innovators.
  • PayNearMe, the electronic cash-transaction network that enables consumers to conveniently make payments on their own schedule and in their own neighborhood at one of more than 17,000 trusted locations including 7-Eleven, Family Dollar, and ACE Cash Express stores across the United States.
  • Social Money, the creators of the goal-based savings app SmartyPig.com, offer CorePro, an API platform that enables alternative financial services companies to build FDIC-insured savings accounts into their apps, PFM tools and prepaid cards with its regulatory-compliant savings account core processing platform.
  • Software Nation, which specializes in mobile, web, and game development for clients ranging from start-up to large enterprise.
  • UserTesting lets you run on-demand remote usability tests and get actionable insights on your website or app on almost any desktop or mobile device at any stage of development.
  • Yodlee Interactive’s Aggregation API is designed for developers who need permission-based access and bank-level security to access their customers’ bank, credit card, investment, and loan accounts. Yodlee is offering free 6-month licenses to winners of the FinCapDev Competition.

To learn more about the partner-provided resources, visit http://www.fincapdev.com/resources/. To follow the progress of FinCapDev Finalist Teams, visit the FinCapDev blog (http://fincapdev.com/blog) or follow on Twitter @FinCapDev.

About FinCapDev

The Financial Capability Development Competition (FinCapDev) is a nationwide $100,000 challenge to develop new mobile apps to help underserved Americans make smart financial choices and get better access to financial services. It is a community of developers, technologists, financial service firms, venture capitalists, engineers, nonprofit organizations, entrepreneurs, businesspeople, students, advisors, marketers, designers, and more working together in ways otherwise unexpected in the pursuit of building new mobile apps that improve financial health of underserved Americans. FinCapDev is made possible through the generous support of the Citi Foundation, Ford Foundation, and the MetLife Foundation. Learn more about FinCapDev at http://fincapdev.com.

About The Doorways to Dreams Fund (D2D Fund)

Doorways to Dreams Fund (D2D Fund) strengthens the financial opportunity and security of low and moderate-income consumers by innovating, incubating, and stimulating new financial products and policies. Operating at the intersection of the private, nonprofit, and public sectors, D2D incubates and promotes practical applications with social impact that might otherwise lack a champion to nurture and bring them to market. D2D was incorporated as a 501 (c) 3 not-for-profit organization in 2000 and is headquartered in Allston neighborhood of Boston, across the street from Harvard University’s recently opened Innovation Lab. For more on D2D, go to www.d2dfund.org.

About the Center for Financial Services Innovation

The Center for Financial Services Innovation (CFSI) is the nation’s authority on consumer financial health. CFSI leads a network of financial services innovators committed to building a more robust financial services marketplace with higher quality products and services. CFSI’s Innovation Labs is an ecosystem of social entrepreneurs, financial services institutions, technology firms, venture capitalists, investors, and others harnessing the potential of technology to improve the financial health of consumers. Through CFSI’s Compass Principles and a lineup of proprietary research, insights, and events, CFSI informs, advises, and connects members of its network to seed the innovation that will transform the financial services landscape. For more on CFSI, go to http://cfsinnovation.com and follow on Twitter @CFSInnovation.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
Red Hat has launched the Red Hat Cloud Innovation Practice, a new global team of experts that will assist companies with more quickly on-ramping to the cloud. They will do this by providing solutions and services such as validated designs with reference architectures and agile methodology consulting, training, and support. The Red Hat Cloud Innovation Practice is born out of the integration of technology and engineering expertise gained through the company’s 2014 acquisitions of leading Ceph s...
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing ...
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
Software Defined Storage provides many benefits for customers including agility, flexibility, faster adoption of new technology and cost effectiveness. However, for IT organizations it can be challenging and complex to build your Enterprise Grade Storage from software. In his session at Cloud Expo, Paul Turner, CMO at Cloudian, looked at the new Original Design Manufacturer (ODM) market and how it is changing the storage world. Now Software Defined Storage companies can build Enterprise grade ...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. ...
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS soluti...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and ex...
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize sup...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
Docker has acquired software-defined networking (SDN) startup SocketPlane. SocketPlane, which was founded in Q4, 2014, with a vision of delivering Docker-native networking, has been an active participant in shaping the initial efforts around Docker’s open API for networking. The explicit focus of the SocketPlane team within Docker will be on collaborating with the partner community to complete a rich set of networking APIs that addresses the needs of application developers and network and system...
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, will answer that question citing examples, showing how to create opportunities f...
Even as cloud and managed services grow increasingly central to business strategy and performance, challenges remain. The biggest sticking point for companies seeking to capitalize on the cloud is data security. Keeping data safe is an issue in any computing environment, and it has been a focus since the earliest days of the cloud revolution. Understandably so: a lot can go wrong when you allow valuable information to live outside the firewall. Recent revelations about government snooping, along...
FedRAMP is mandatory for government cloud deployments and businesses need to comply in order to provide services for federal engagements. In his session at 16th Cloud Expo, Abel Sussman, Director for Coalfire Public Sector practice, will review the Federal Risk and Authorization Management Program (FedRAMP) process and provide advice on overcoming common compliance obstacles.
The cloud is now a fact of life but generating recurring revenues that are driven by solutions and services on a consumption model have been hard to implement, until now. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, will discuss how a top European telco has leveraged the innovative recurring revenue generating capability of the consumption cloud to enable a unique cloud monetization mod...
Are your applications getting in the way of your business strategy? It’s time to rethink your IT approach. In his session at 16th Cloud Expo, Madhukar Kumar, Vice President, Product Management at Liaison Technologies, will discuss a new data-centric approach to IT that allows your data, not applications, to inform business strategy. By moving away from an application-centric IT model where data integration and analysis are subservient to the constraints of applications, your organization will b...
As organizations shift toward IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection &E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 16th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships, will disc...
Analytics is the foundation of smart data and now, with the ability to run Hadoop directly on smart storage systems like Cloudian HyperStore, enterprises will gain huge business advantages in terms of scalability, efficiency and cost savings as they move closer to realizing the potential of the Internet of Things. In his session at 16th Cloud Expo, Paul Turner, technology evangelist and CMO at Cloudian, Inc., will discuss the revolutionary notion that the storage world is transitioning from me...