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
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.