Finovate 2008 | Vidoop

Presenter: Mictchell Savage, Executive Vice President

Notes from the Presentation: Vidoop has been working for the last three years to solve usability and security are a trade off. Makes your online banking platform easier to access and harder for hackers. Show the user choice platform for Vidoop. Much more secure, user driven, and free. Verification by phone – press one key and you can log into your online banking application (a four digit pin can be used). Showed an image shield based on recognition based on a path he selected at enrollment. They have it live at Charles Schwab.

Free because they have the images sponsored – Smart Car and Mercedes was provided as an example. Celent says that by 2010 over 20% will sign on via their mobile solution. The image shield is available in an optimized mobile version.

Closing comment: “Compliance with FFEIC doesn’t equal security.”

Finovate 2008

This week the financial services software nerds gathered in New York City for the second annual Finovate conference - "the Super Bowl and World’s Fair rolled into one" as the WSJ described it.

The Finovate conference is presented by NetBanker that showcases “the latest and greatest technological innovations in finance and banking.” The “hot products, cool people” format returned with 24 more companies getting 7 minutes each to demo their latest innovations (no PowerPoint allowed!) followed by several hours of focused one-on-one networking time. The event wrapped up with cocktails and appetizers at the end of the day.