News Feed Item

FinCapDev Announces 13 Finalist Teams to Build Next Generation of Financial Capability Mobile Apps

The Financial Capability Development Competition (FinCapDev, http://fincapdev.com) has named 13 Finalist Teams to develop new mobile apps that will help working Americans make smart financial choices and gain better access to financial services. The apps proposed by the Finalist Teams address a variety of challenges, ranging from student debt decision-making to impulse spending management to peer lending to tapping social networks for financial advice to new takes on budgeting and more. Over 300 individuals participated in the app proposal phase of FinCapDev.

The FinCapDev Finalist Teams are:

  • Nancy Anderson of Clinton, Mississippi
  • Eric Bell and Guille Carlos of Arlington, Virginia
  • Manel Baucells and Rajesh Jha of Los Angeles, California
  • Karen Carlson, Dr. Michael Moshell, Brett Connolly, Jaffy Escarcha, Greg Zanmiller, Alexander Chernoff, and Michael Fried of Ocoee, Florida
  • Lex Fridman of Philadelphia, Pennsylvania
  • Ben Knelman, Dante Cassanego, Cristina Gorrino, and Katie Nienow of Mountain View, California
  • Itai Leibowitz, Vanya Pasheva and Marcos Siqueira of New York City, New York
  • Vanessa Lindley of Queens Village, New York and Christi Baker and Matthew McGraw of San Francisco, California
  • Floyd Newsum, Melanie Mosley and Dr. Michael Wong of Houston, Texas
  • Floyd Newsum, Janice Newsum, Melanie Mosley of Houston, Texas
  • Francisco Prat of New York City, New York
  • Grace Salas, Alex Sloan, Harold Marrero, Sophia Shah of Miami, Florida
  • Richard Trask of Wilmington, Delaware, Matthew Schmidt of New Castle, Delaware and Jason Mastriana of Newark, Delaware

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

“We’re tremendously excited to support and work with this talented, dynamic group of innovators,” said Timothy Flacke, Executive Director of the D2D Fund. “The fact that they hail from all over the country, and range from educators to entrepreneurs to engineers, reinforces our belief that innovation in the financial capability and access field really does come from anywhere. We’re eager to see the completed apps these teams produce.”

To learn more about the partner-provided resources that FinCapDev Finalist Teams will have the opportunity to access, visit http://www.fincapdev.com/what/expert-resources/.

“This marks the beginning of an ecosystem focused on leveraging innovation to improved financial capability and access to high quality products and services,” said CFSI President & CEO Jennifer Tescher. “From funders to finalist teams, we’re thrilled to see such engagement. We’re eager to see this ecosystem thrive and grow.”

Finalists will build fully functional apps by late spring, at which point they will present their apps to a panel of high-profile, expert judges at an event hosted by FinCapDev administrators, the D2D Fund and the Center for Financial Services Innovation. The $100,000 prize purse, including a $50,000 Grand Prize, will be awarded at this event.

Flacke and Tescher acknowledged the contributions of many enterprises in advancing the apps, including the teams at Betterment and GoPago, for graciously donating time and resources to insure the technical feasibility of all Finalist app proposals.

Supporting FinCapDev partners throughout the competition include the Applied Innovation Institute, Braintree, Citi, Dell Social Innovation Challenge, Deloitte, EachScape, Facebook, H&R Block, ideas42, MasterCard, Women Innovate Mobile, and Yodlee. FinCapDev is made possible thanks to the generous financial support of the Ford Foundation, the Citi Foundation, and Omidyar Network.

To follow the progress of FinCapDev Finalist Teams, visit the FinCapDev blog (http://fincapdev.com/blog) and follow on Twitter (http://twitter.com/fincapdev) or Facebook (http://facebook.com/fincapdev).

About FinCapDev

The Financial Capability Development Competition (FinCapDev, http://fincapdev.com) is a nationwide $100,000 challenge to develop new mobile apps to help working Americans make smart financial choices and get better access to financial services. In addition to bringing approximately six high-impact apps to market and available for consumers use, the competition will create an ecosystem of American innovators, technology companies, software developers, financial service firms, investors, and nonprofits to foster innovation in new mobile financial tools.

About the Center for Financial Services Innovation

The Center for Financial Services Innovation is the nation’s leading authority on financial services for underbanked consumers. Since 2004, its programs have focused on informing, connecting, and investing – gathering enhanced intelligence, brokering and supporting productive industry relationships, and fostering best-in-class products and strategies. CFSI works with leaders and innovators in the business, government and nonprofit sectors to transform the financial services landscape. For more on CFSI, go to http://cfsinnovation.com or follow on Twitter at @cfsinnovation.

About The Doorways to Dreams (D2D) Fund

Doorways to Dreams (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, non-profit 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

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.

Latest Stories
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.