Welcome!

AJAX & REA Authors: Plutora Blog, Sematext Blog, Liz McMillan, Trevor Parsons, Tom Scearce

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
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that ...
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile ...
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...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
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...
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...
Datapipe has acquired GoGrid, a provider of multi-cloud solutions for Big Data deployments. GoGrid’s proprietary orchestration and automation technologies provide 1-Button deployment for Big Data solutions that speed creation and results of new cloud projects. “GoGrid has made it easy for companies to stand up Big Data solutions quickly,” said Robb Allen, CEO, Datapipe. “Datapipe customers will achieve significant value from the speed at which we can now create new Big Data projects in the clou...
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. ...
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by minin...
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your onlin...
"We are the top stocking distributor for HP renew products in North America. We can only sell to U.S. authorized partners and resellers for HP," explained Miguel Diazdelcastillo Jr., Sales Executive at Creative Business Solutions, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
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 ...
IBM and Docker, Inc. have announced a strategic partnership that enables enterprises to more efficiently, quickly and cost effectively build and run the next generation of applications on the IBM Cloud and on prem via the Docker open platform for distributed applications. Enterprises can use the combination of IBM and Docker to create and manage a new generation of portable distributed applications that are rapidly composed of discrete interoperable Docker containers, have a dynamic lifecycle, a...