Glenbrook’s Bryan Derman is live blogging from FinovateFall 2010. This is one of several posts; you can find an index to his coverage here.
- Dashboard for investment geared to simple review of portfolio value, overall return and asset allocation
- Money is automatically invested in simple set of ETFs (Exchange Traded Funds) based on the desired allocation
- Bettermint provides tools to guide the asset allocation and ensures that the investor reallocates to maintain the desired mix. Also shows how other people are setting their allocations
- Claim that most investment return is based on proper allocation
- Interesting — another service built on the Yodlee technology
- Tax estimator and full Tax Center system are accessible from the bank website
- Can also submit questions to tax experts
- Using Yodlee to pull together relevant tax information — essentially delivers a bank co-branded version of H&R Block’s online tax software
- Tax Center will also default the consumer to a direct deposit of his refund into his account at the partner bank
- Readily available to banks using Yodlee
- Secure way to transact at any website with no merchant changes
- The SecureKey is a USB dongle that “reads” a contactless card and fills out the checkout forms; in effect, the SecureKey acts as a card terminal
- Business case for the issuer is to reduce the volume being lost to alternative payments like PayPal, Google Checkout, and Amazon Payments
- Card data is sent to the issuer for validation
- Also very useful for creating a more secure log-in to online banking sites
- SecureKey is currently under $5, and lower with volume; will also read NFC phones
- Will be piloting with several US and Canadian issuers shortly and have partnership deals with several networks
- A rich presentation layer that sits atop standard banking applications. Examples:
- Augment online banking site with relevant articles and information sources
- Create a branch-like experience by adding a live consultation via screen sharing, assisted form filling, etc.
- Small business banking site can be customized and made more interactive; proactively push relevant advice and ideas to the customer
- A Bloomberg for the rest of us — simple to access economic indicators
- Macroeconomic data made easy, along with stock screeners using fundamental and technical analysis
- Scenario analysis tool for modeling the economic and stock market impact of possible “black swan” events (e.g., subprime crisis, PIIGS all default)
- Gotta love it — start your own multi-billion dollar hedge fund using one simple website with an easy to navigate “children’s book” interface
- A way to develop apps in the fragmented mobile marketplace (new form factors, OSs, other software)
- Goal is to write it once, and run it everywhere — also change once, change everywhere
- One code base feeds multiple channels — desktop, tablet, various mobile phones, etc.
- Native, dedicated applications for each platform — all desktop browsers, iPhone, iPad, Android, Blackberry, other tablets
- Wow, I haven’t heard anyone use the term “future-proof” in a long time

