Finovate - Conferences Showcasing the Future of Financial & Banking Technology
Check out FinDEVr


TopicsTopics   TopicsArchives  

What are fintech developers up to in the newly-christened Age of Apple Pay?

Long before anyone had a clue what was going on with payments in Cupertino, fintech developers were busy at work building on many of the innovations that have already helped put financial technology in the same conversation as the latest consumer electronics gadget and the hottest trends in social media.

So it is no surprise to find these developers bringing many of the same themes that dominant tech headlines to FinDEVr: the first event for fintech developers.
FinDEVr is a unique opportunity for software architects, product engineers, and other builders to meet, network with, and learn from the professionals whose technology is behind some of the most widely deployed financial goods and services in the world. 

With presentations and workshops from industry veterans ranging from Avoka to Yodlee (see the full line up here), FinDEVr is an ideal setting for developers to make key contacts, discover new tools and technologies, and jumpstart their own projects.

Coming to San Francisco's UCSF Mission Bay Conference Center, FinDEVr begins Tuesday, September 30 and continues through Wednesday, October 1. To get your tickets and save your spot, visit our registration page.

And be sure to join the FinDEVr community while you're at it. We've partnered with Bizzabo to make it even easier to find, meet, and get to know your fellow attendees before, during, and after the event.

If you've registered to attend FinDEVr, then you're set. Just download the Bizzabo app (available for both iOS and Android) and use the same email address you used to register for the conference to log in to Bizzabo. Search for "FinDEVr" and you're ready to go.

Questions? Send us an email at

Alumni News-- September 15, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMoven CEO Brett King says Apple Pay anticipates the end of physical bank cards.
  • United Way Worldwide now accepts bitcoin courtesy of Coinbase.
  • Monitise releases fiscal year 2014 financial results; announces new strategic partnership with Santander.
  • Business Spectator looks at how Apple, Google, Lending Club, and SocietyOne are part of "banking's double disruption."
  • Allied Payment Network announces integration of FlexPay with PicturePay.
  • Feedzai teams up with Azul Systems to speed its real-time data analysis.
  • The Washington Post features Betterment and HelloWallet.
  • Millicom and Kalixa partner to offer payment acceptance services for businesses and consumers in Africa and Latin America.
  • ProfitStars introduces Gladiator Hosted Network Solutions to enable FIs to move their IT infrastructures to the cloud.
  • Rippleshot, Braintree highlighted in Chicago Tribune column as examples of local contributors to the commerce infrastructure.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Tink Raises $4 Million in Series A Round

Thumbnail image for Thumbnail image for TinkLogo.jpg

In a round led by Sunstone Capital, Swedish personal finance management innovator Tink raised $4 million in new funding. 

The capital will help fuel the company's expansion internationally, as well as help grow the team and continue product development.

Also participating in the round was entrepreneur Sven Hagströmer, along with additional existing investors. The investment brings the company's total capital to $4.8 million.

The investment also brings Christian Lindegård Jepsen, Sunstone Capital general partner and co-founder, to Tink's board of directors, Jepsen specifically referenced the "beautiful UI" of Tink's PFM app, as well as the degree of automation, which he said would help speed adoption.

Tink CEO and founder Daniel Kjellén echoed this point, saying "the fact that Tink is fully automated and everything is presented in a feed format makes it useful even if you only have two minutes to spare."
Tink has more than 200,000 users, with the average "Tinker" being a 23 year old female who uses the app two to three times a week, according to the company. The app is available for both iOS and Android.

Based in Stockholm, Sweden, Tink demoed its technology at FinovateEurope 2014 in London, where it won Best of Show. See the company in action here.
Perhaps competition from Apple kept U.S. fintech quiet on the funding front this week. Through mid-day Friday, only 9 companies had announced fundings. But thanks to $77 million going to Chinese fintech companies, the total was an impressive $92 million, a $5 billion annual run rate! 

Then Friday afternoon it was widely reported that Square had raised another $100 million. If that's confirmed, the weekly total will be a monster $192 million. 

But the big news around our offices was the $4 million A-round by Finovate Best of Show winner Tink. Tink is a Swedish mobile PFM with a killer UI (see full post here).  

Here are the fundings in order of size from Sep 5 to Sep 12, 2014: 

Mobile payment acquiring
Latest round: $100 million (at $6 billion valuation)
Total raised: $540 million ($440 million equity, $100 million debt)
Tags: Mobile, POS, acquirer, California
Source: Crunchbase

Chinese investment information provider
Latest round: $40 million
Total funding: $53 million
Tags: Investing, China
Source: Crunchbase

Chinese peer-to-peer lending startup 
Latest round: $37.2 million
Total raised: $47.2 million
Tags: Crowdfunding, P2P, lending, mortgage, SMB, China
Source: Crunchbase

Real estate investing platform
Latest round: $5.5 million
Total funding: $5.5 million
Tags: Crowdfunding, home buying, mortgage, California
Source: Crunchbase

Swedish mobile-optimized financial management
Latest round: $4 million
Total raised: $4.8 million
Tags: PFM, mobilie banking, Sweden, Finovate Best of Show
Source: Finovate

Crowdfunding platform for commercial real estate
Latest round: $3 million
Total raised: $3 million
Tags: P2P, lending, credit, mortgage, investing, California
Source: Crunchbase

Microlending in Latin America
Latest round: $1.3 million
Total funding: $1.3 million
Tags: Lending, credit, Mexico
Source: Crunchbase

Payment enabler for mobile and online commerce
Latest round: $1 million
Total funding: $40 million
Tags: Cards, mobile payments, prepaid, New York
Source: Crunchbase

For-profit startup helping fund primary research
Tags: Fund-raising, payments, philanthropy, payments, California
Latest round: $150,000
Total raised: $150,000
Source: Crunchbase

Equity crowdfunding platform
Latest round: Undisclosed
Total raised: More than $540,000
Tags: Crowdfunding, SMB, lending, Sweden
Source: Crunchbase

Alumni News-- September 12, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgmiiCard launches DirectID to enable verification for high value transactions online.
  • FinovateFall 2014: Meet the People in Your Fintech Neighborhood.
  • First Trade Union Bank (+$700M in assets) deploys Q2platform from Q2.
  • TSYS and iMobile3 partner to Provide Apple Pay Integration.
  • Payfone announces release of new Mobile Identity as an Experience Platform.
  • Kony wins first place at 2014 CTIA MobITs Awards.
  • Tink raises $4 million in Series A round.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
FinDEVr Logo

FinDEVr San Francisco 2014 -- our first event ever focused on fintech developers -- is less than three weeks away and we are getting very excited! 

After months of anticipation, we've announced the full presenter roster and action-packed two-day agenda. The show is going to be an incredible showcase of the tools, platforms and APIs that are being used to build the next generation of fintech innovation.

Tickets are selling quickly ahead of the early-bird ticket deadline this Friday (register now to save) and we're expecting a crowd of 400-500 innovators. 

In case you're curious, here is a small sample of the organizations that are attending:

  • American Express
  • Ameriprise Financial
  • Avoka
  • Backbase
  • BancVue
  • BehavioSec
  • BlackRock
  • Bloomberg
  • Bluefin
  • C-SAM
  • Capital One
  • Cardflight
  • CIBC
  • Cloud Lending
  • Crosslink Capital
  • Devonshire Investors
  • Diebold
  • Eshtapay
  • EVO Snap
  • Exchange Bank
  • Experian
  • Filene
  • Financial Apps
  • Finicity
  • First Republic Bank
  • Fiserv
  • Forte Payment Systems
  • Franklin Templeton
  • GoDaddy
  • Google
  • GTE Financial
  • Incomm
  • Intuit
  • Javelin Strategy
  • LexisNexis
  • Life.SREDA
  • MACU
  • MasterCard
  • Mergermarket
  • Mifos Initiative
  • Modo
  • OnDeck
  • Paradigm4
  • PayNearMe
  • PayPal
  • PSCU
  • SF Fire CU
  • StockTwits
  • Target
  • TD Ameritrade
  • Tradier
  • USAA
  • UW Credit Union
  • VentureBeat
  • Visa
  • Wells Fargo
  • Western Union
  • Worldpay
  • Xero
  • Xignite
  • Yodlee
  • And many more!

If you and/or your technical colleagues are interested in attending to learn about the latest innovations for fintech builders, tickets are on sale at the early-bird discount of $100 off through Friday September 12th.

We'll see you there!

FinDEVr San Francisco 2014's VC sponsor is: Life.SREDA

FinDEVr San Francisco 2014 is partners with: BankersHub, BayPay Forum, California Bankers Association,, Hotwire, Mercator, PaymentWeek & The Paypers

Thumbnail image for miiCardLogo.jpg

Online Identity as a Service (IDaaS) innovator miiCard announced the launch of DirectID, a technology that provides an embedded, integrated verification solution that makes it easier for financial services providers to securely and swiftly process high value transactions online.

miiCard CEO James Varga said, "DirectID allows business to unlock the incredible potential of new consumer finance offerings by eliminating fraud, meeting complex new regulatory requirements, and saving time and money."

DirectID is a single-use sign-on that leverages the customer's bank credentials and credit bureau data to verify both identity and transaction data. What's key is the fact that DirectID provides what Varga referred to as an "all-in-one solution"  that is especially helpful for the kind of affordability and other testing often involved in high value online transactions.

And many of those high value transactions are likely to come from alternative lenders, which helps explain why Landbay and, a pair of P2P lenders, are among DirectID's early adopters. DirectID is available as a white label solution, as well. Read more about the technology here.
miiCard also announced on Thursday that the company was opening an office in St. Louis, Missouri, and appointing Peter Esparrago as President of North America. Esparrago is a former Accenture Partner, as well as Co-Founder and General Partner of venture capital firm, Cultivation Capital.

miiCard was founded in September 2011, and is headquartered in Edinburgh, Scotland. See the company's FinovateFall 2013 demo here. And get to know miiCard CEO James Varga in our Finovate Interview.

And for developers and other fans of enabling technologies like this, remember that FinDEVr less than a month away on September 30 and October 1. Find out more here.

FinovateFall 2014 is only a few weeks away. And if you are still among those who have not yet picked up your tickets, here's a reminder of the kinds of folks who have already registered to be in attendance at what promises to be our largest FinovateFall to date.

As always we'll have the Presidents, CEOs, Directors, and SVPs, the key deciders at innovators and enterprises large and small. But take a closer look below. 

Chief Creative Officers, Innovation Strategists, and Software Architects will also be on hand ... to say nothing of the managers, analysts and partners who handle everything from acquiring talent to coordinating strategy to investing capital.
Lights go up at FinovateFall 2014 on Tuesday, September 23, and the conference continues through Wednesday. 72 companies. 300 minutes of high-quality networking. 500 minutes of live demos. And an audience likely to top 1,200. What's not to look forward to about FinovateFall 2014?

There's no better way to meet the people in your fintech neighborhood than being a part of FinovateFall. To pick up your tickets today, visit our registration page here. And if you've already registered, be sure to join the FinovateFall 2014 community on Bizzabo.

Alumni News-- September 11, 2014

  • Finovate-F-Logo.jpgArcher Daniels Midland deploys Tradeshift's Collaborative Workflow system.
  • Coinbase opens its doors to European customers in 13 countries.
  • Dealstruck and Lendio partner to provide capital to Jidan Cleaning.
  • Oink releases v 2.0 of its app to improve mobile shopping experience and allow users to favorite retailers.
  • LightCyber partners with Check Point Software to provide breach detection and response.
  • Stitch Labs features Xero on its list of four apps for multichannel sellers this holiday season.
  • Forex Magnates takes a look at the latest upgrades to Darwinex's trading platform.
  • Kalixa partners with Millicom to launch new payments service venture in Latin America and Africa.
  • Top Image Systems announces new subsidiary TIS Australia.
  • PYMNTS: Braintree CEO Bill Ready talks about ApplePay with MPD CEO Karen Webster.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Global payments company, MasterCard, will be showing off its Developer Zone at FinDEVr in San Francisco this September 30 and October 1.

While MasterCard has a long history in fintech, it is also on the cutting edge of future technologies (as seen with its recent partnership with Apple). At FinDEVr, MasterCard will showcase APIs in its presentation and three workshops.

Early bird pricing ends this Friday, September 12 so get your ticket now to save.


MasterCard is a technology company in the global payments industry. It operates the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.

MasterCard's products and solutions make everyday commerce activities easier, more secure and more efficient for everyone.


Why it's great for developers:

1) Robust, proven and secure. That's what businesses and developers need and are focused on. MasterCard provides it like no one else.

2) MasterCard offers services to address improving the shopping experience or making it safer. It is more than payment. MasterCard is a Technology Company and its expertise is a valuable tool for any developer.

3) MasterCard Developer Zone is the window into MasterCard technology. This is where it offers access to a suite of APIs, Tools and SDKs, including its popular Simplify Commerce or the digital wallet, MasterPass, sophisticated payment processing, peer-to-peer payments - all, and more, are now available, for the first time.

Keynote: Open for Business and Beyond - MasterCard Developer Zone
Come and discover how MasterCard has become a technology company and is sharing its resources with developers.


1) MasterCard Developer Zone: Under the Hood - Building a developer product and program

2) MasterCard Developer Zone: Selecting the right APIs and driving innovation

3) A Big Company in a Startup World (Building a global digital payment network with regions in mind)

Here are some previews you may have missed over the past few weeks:

We'll also preview the remaining 46 companies in the weeks leading up to FinDEVr, so keep a look out for those, as well.


It's quite common for Finovate alums to partner. It is more rare, however, for two previous Best of Show winners to work together.

That is what happened this week with iQuantifi and MoneyDesktop, two companies who will demo at the

upcoming FinovateFall show in New York. As a part of the partnership, iQuantifi will use MoneyDesktop's aggregation technology to help iQuantifi users gain an even more comprehensive view of their finances.


iQuantifi, whose aim is to help users achieve their financial goals, is known for its platform that helps consumers create a holistic financial plan. Specifically, it will use MoneyDesktop's technology to help:

    • Simplify on boarding, making it easier and faster for users to pull information from all their financial accounts
    • Enhance transaction categorization
    • Make goal tracking more accurate

iQuantifi launched its platform at FinovateSpring 2012, where it won Best of Show.

MoneyDesktop, a 4-time Best of Show winner, last demonstrated at FinovateFall 2013.

Alumni News-- September 10, 2014

  • Finovate-F-Logo.jpgAmerican Banker: TSYS and Visa have announced their tokenization technology will support Apple Pay
  • Cachet Financial receives order from top tier credit union in the U.S. for mobile money management platform, Select Mobile Money.
  • AcceptEmail selects Worldpay to power its international e-billing solutions.
  • Trustly releases open source alternative messaging technology for FIs, BankAPI.
  • Loop co-founder and CTO George Wallner weighs in on Apple Pay in Money column.
  • Visa teams up with the National Football League to promote Visa Checkout. See Visa at FinDEVr this fall.
  • Braintree to support Apple Pay. Come see Braintree at FinDEVr this September 30 through October 1 in San Francisco.
  • Business Insider profiles Christian Lanng, Co-Founder and CEO of TradeShift.
  • Dwolla CEO and Founder Ben Milne talks about the role of Apple as a new entrant in the mobile payments industry.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    It's hard to believe that FinovateFall 2014 is only two weeks away. And if the pre-event buzz is any indication, conference attendees and presenters alike are in store for quite a show.

    As always, our presenters are a fascinating mix of new startups and industry veterans, and the innovations they will be demonstrating on stage later this month are no less diverse and interesting.

    Take a look for yourself courtesy of our FinovateFall 2014 Theme Word Cloud. From authentication and biometrics to machine-learning algorithms and self-service banking, FinovateFall has something for everyone.

    If you like what you see then you'll love what we've got in store for you at FinovateFall 2014. This year, FinovateFall is moving to the New York Hilton Midtown. Located on the Avenue of the Americas, our new venue is centrally located, convenient to public transportation, and fully-equipped to serve as the center of the fintech universe for two days in late September. 

    We hope to see you there! Click here to get your tickets today.
    Thumbnail image for Thumbnail image for Q2logoNew.jpg

    Ten of Heartland Financial USA's banks have implemented the online banking platform developed by Q2 Holdings according to an announcement Tuesday morning.

    The implementation of the Q2platform took place over the five months between April and August. Matt Flake, Q2 CEO and president, said, "Everyone at Heartland has an outstanding commitment to simplifying the online banking process and creating a seamless user experience for account holders."

    A full list of the banks that have deployed the technology is below:
    • Arizona Bank & Trust
    • Dubuque Bank and Trust Company
    • Galena State Bank & Trust Co.
    • The Morrill & Janes Bank and Trust Company
    • Minnesota Bank & Trust
    • New Mexico Bank & Trust
    • Riverside Community Bank
    • Rocky Mountain Bank
    • Summit Bank & Trust
    • Wisconsin Bank & Trust
    An innovator in the field of cloud-based, virtual banking, Q2's solutions are particularly sought after by community banks, regional banks, and credit unions looking to provide new mobile and online services to their customers while keeping costs low. Q2 was recently in the news, announcing partnerships with Easy Solutions in July, and First Financial Bank in June. The company went public in March, trades under the ticker symbol "QTWO" on the New York Stock Exchange, and is currently valued at $500 million. 

    Founded in 2005 and based in Austin, Texas, Q2 demoed its Risk and Fraud Analytics technology as part of FinovateSpring 2011 in San Francisco. See the company's presentation here.

    Alumni News-- September 9, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGet Connected: Join the FinovateFall 2014 Community on Bizzabo.
    • talks with TSYS executive Paul Bridgewater on the importance of tokenization in payments.
    • Nostrum Group earns spot in Sunday Times Hiscox Tech Track 100.
    • True Potential launches Investor on Android Wear smartwatches. See True Potential demo at FinovateFall 2014.
    • London Evening Standard profiles wealth management innovator, Nutmeg.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    Once again we are partnering with social networking innovator, Bizzabo to make it that much easier for you to find, meet, and network with your fellow attendees at FinovateFall 2014.

    FinovateFall 2014 will mark the third time we've turned to Bizzabo to help provide conference attendees with every opportunity to get in touch with colleagues and new acquaintances before, during, and even after the event.

    Download Bizzabo and get connected today. Search for the app ("Bizzabo") in the Apple App Store or at Google Play. Once you've downloaded the app, search for "Finovate", sign in, and then press the green "Join the Community" bar and you're ready to go.

    If you're new to Bizzabo, you can sign up using your LinkedIn information or simply set up an account using your email address (the email address you used when registering for Finovate) and a password. Please email if you are asked for a code or have any difficulty signing in.

    What is all this Bizzabo business good for?
    • See, meet, and connect with fellow Finovate attendees
    • Learn more about the presenting companies and their presentations via the "Partners" and "Agenda" tabs, respectively
    • Get to know the backgrounds of conference speakers courtesy of LinkedIn profiles.
    You can also use Bizzabo on your laptop or PC courtesy of Bizzabo's web app - available here.

    Questions? Send us an email at and we'll be glad to help.

    For SMEs looking at the market for fintech productivity apps, the world often seems either anarchically "a la carte" or paralyzingly prix fixe.

    And while companies have come to appreciate the flexibility of having a lot of little apps doing a lot of little things, having those apps talk with each other, work with each other, can be another challenge entirely.

    I suspect this is part of the thinking behind ZenPayroll's decision to open up its API further to make it even easier for developers to ensure that their business productivity apps play well with ZenPayroll.
    Writing at the ZenPayroll blog, "Head of Inbound" David Cheng said, "(This) will make it dramatically easier for small businesses to compete with large, established companies."

    "We're calling this movement Generation-E," he added, "to celebrate the breed of entrepreneurs that are street smart, tech savvy, and ready to take on the world."

    As pointed out in coverage of the announcement at TechCrunch, ZenPayroll's stable of partners already includes thoroughbreds like Intuit and Xero (both Finovate alums, by the way). But the opening up of its API for a dozen companies goes a long way toward helping even more small business technology providers bring their useful benefits and HR-related tools to market courtesy of a ZenPayroll integration.
    Quoted in the New York Times earlier this week, ZenPayroll CEO and Co-Founder Joshua Reeves spoke to this point, saying, "you have these huge product suites from monolithic business software companies. Companies like Oracle, Workday, and ADP typically serve large companies. They aren't in it for the little guy."

    Among the companies already taking advantage of the new integration are:
    • BambooHR and KinHR: human resources information systems
    • SimplyInsured and Baypoint Benefits: benefits administration
    • TSheets, WageBase/When I Work, Nimble Schedule, and Deputy: time-tracking
    • Receipt Bank: expense management
    • inDinero, Zenefits, and insynctive: back-office management
    And for developers looking to integrate with ZenPayroll, the company's developer page - including documentation of ZenPayroll's API - is available here.

    Founded in 2011 and based in San Francisco, ZenPayroll made its Finovate devout as part of the Spring conference earlier this year. See the company's live demo here

    For more from fintech's developer community, be sure to visit our FinDEVr page.

    Alumni News-- September 8, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for profiles Tradeshift Co-Founder and CEO Christian Lanng.
    • ZenPayroll opens up its API to small business technology providers.
    • Silicon Republic takes a look at Trustev's "multimillion-dollar security deal" with Radio Shack.
    • Tibco announces Engage software as a service to motivate consumers with real-time and predictive personalization.
    • Kony named "Leader" by Gartner in Magic Quadrant for Mobile Application Development Platforms.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    FinovateFall 2014 Sneak Peek: Part 7

    In the final FinovateFall Sneak Peek of our series, we're showcasing nine companies: eMoney Advisor, Finovera, Luxoft, Minetta Brook, P2Binvestor, SAS Games, SelfScore, Sender, and Top Image Systems

    These companies are coming to the Finovate stage in New York from all over the globe to showcase their newest fintech on September 23 and 24. Tickets are going fast; get yours here to be a part of it.

    Want to see more of what to expect at FinovateFall? Here are some companies you may have missed:

    With eMoney Advisor, if you're a salesman with a practice selling products, it's not for you. eMoney is built for advisors running a business based on relationships.


      • With EMX, you'll work smarter, not harder
      • Integrations and ease of use are the future
      • eMoney's latest technology will define advisor success
    Why it's great:

    With so many enhancements, it's easy to focus on eMoney's features--but it's more important to remember the benefits: eMoney solidifies the advisor/client relationship.


    1) Chad Porche, Senior User Interface Designer  

    2) Kyle Wharton, Director of Business Development  

    Finovera is transforming Online Bill Pay into holistic personal financial management with eBills and payments at its core designed for banks and credit unions.


      • Receive, view and pay all bills - on bank site
      • Enables bill pay with credit cards - Banks get paid for offering Bill Pay
      • Great user experience - simple, convenient, attractive and mobile
    Why it's great

    Transform your bill pay from cost center into revenue center


    1) Purna Pareek, Founder and CEO
    Pareek is a serial entrepreneur and CEO of the company. He founded Finovera to bring simplicity, efficiency and convenience to household bill and information management.

    2) Amanda Zepeda, Marketing Manager  

    Luxoft's Horizon is a cutting-edge data visualization framework for financial institutions. It enables executives to quickly identify and resolve problems in multiple domains such as risk and regulation.


      • A fast and intuitive access to data
      • Ability to collaborate across roles and teams
      • Radically shortens the decision-making time
    Why it's great:

    Horizon - executive dashboards that give you back control. There is no need to hide.


    1) Przemek Berendt, Global Marketing Vice President
    Global Marketing Vice President at Luxoft (NYSE: LXFT) responsible for its B2B, B2E, and CSR strategies. Berendt led Luxoft's winning presentation at Finovate London 2014.

    2) Fabrice Aresu, Head of Business Support Group
    Aresu is Luxoft's Horizon Product Manager, focusing on Advanced Data Visualization; he worked 15 years in Finance & Risk software, at Thomson Reuters and Oracle.

    Minetta Brook's KNEWSAPP allows trading and investment professionals to take advantage of news related market inefficiencies by surfacing tickers, topics, and stories that are currently developing in the news.


      • Track news, blog & tweet VELOCITY around your portfolio tickers, in real-time
      • Use its linguistics based STORY SCORES to prioritize what you read
      • Get to key active topics quickly, with STORY DNA

    Why it's great:

    Track news, blog and twitter stories as they develop, well before they become headlines.


    1) DB (Deepak) Bharadwaj, Founder & CEO
    Technology pioneer at Microsoft & Sun. Built and ran multiple multi-hundred million dollar businesses. Over 20 years of technology expertise with specialty in operations & turnarounds.

    2) Viplav Nigam, Head of Engineering
    Built & ran NASDAQ's trading system. Developed ultra low latency news feeds for trading at RTT News. Over 20 years of financial technology experience.

    P2Binvestor (P2Bi) is a crowdlending platform for receivables-backed working capital that is supported by a crowd of accredited investors.


      • Integrates with QuickBooks Online (API sync)
      • Streamlines the online application and lending process
      • Facilitates better account management and underwriting
    Why it's great:

    P2Binvestor makes it really easy for borrowers to apply, get funded, and grow their credit line as their business evolves. Up to $5MM available.


    1) G. Krista Morgan, President and Cofounder
    Morgan has an extensive background in digital marketing and account leadership for blue-chip brands at some of London's top interactive agencies. COO for P2Binvestor since 2012.

    2) Clay McIlrath, CTO
    McIlrath is a seasoned technologist with more than a decade of experience developing software applications and working with start-up companies. 

    SAS Games' TiViTz College $avings Game-a-thon is a fully automated, easy-to-use, market-disrupting, patent-pending, activity-based fundraising tool for children's college savings.


      • Complements existing financial savings vehicles
      • Creates new college savings accounts and relationships
      • Enhances CRA outreach and provides a marketing tool for consumer and business banking 
    Why it's great:

    The Game-a-thon provides families a solution to afford higher education by significantly increasing children's savings, while improving their math skills and financial literacy.


    1) Siobhan Mullen, CEO
    Former aerospace executive and Special Adviser to the NASA Administrator, experienced high-tech entrepreneur in launch services, satellite communications and data distribution.

    2) Steve Scully, President
    Serial entrepreneur and investor with a focus on children's education through games, inventor of the TiViTz educational games and tournaments.

    SelfScore is a disruptive consumer analytics solution that supplements FICO scores and informs a wide array of data-driven decisions.


      • SelfScore measures consumers in better ways using more information
      • Online profiles, phone data, and questions inform the score
      • Providing insights to users and contextual information to businesses
    Why it's great:

    SelfScore uses a proprietary algorithm to attain a more timely and accurate picture of consumer behaviors that benefit both consumers and businesses.


    1) Kalpesh Kapadia, Co-Founder and Chief Executive Officer
    Kapadia's professional career in finance and technology spans 20 years. Before co-founding SelfScore, managed Equanum Capital, a technology fund, from 2007 to 2012 and was the WSJ #1 Analyst in 2005.

    2) Michael Hallinan, Co-Founder and Chief Product Officer
    Hallinan's professional career spans more than 12 years of strategic innovation. Before co-founding SelfScore, he worked at U.S. CyberCommand and consulted Wall St. firms while at Booz Allen Hamilton.

    Sender is the first messenger for businesses, enabling direct chat communication with customers. Sender - like Google's Search Bar with endless possibilities. Sender - the last and only app.


    • Creates 2-way communication of business with customers like in usual chat
    • Provides possibility for businesses to create business processes without developers and endless software\Apps updates
    Why it's great

    People communicate with each other via chats with similar interfaces. Businesses communicate with people via apps with various unique interfaces and user experiences. 



    1) Kristina Chaiykovskaya, Department Head of E-business in PrivatBank

    2) Maria Gurina, Liqpay Business Development Manager at PrivatBank 

    3) Egor Avetisov, Creative director at Sender 

    Top Image Systems' next-generation mobile image capture and processing solutions, like GlassCapture, are designed to make account opening, bill payment and other mobile-initiated process simple and fun!


      • Optimal user experience leads to customer loyalty
      • Upfront validation ensures the image is correct 
      • Perfect image capture enables straight-through processing in the backend
    Why it's great:

    FIs that establish a reputation for mobile innovation are likely to benefit in the future from greater market share and more loyal customers.
    September is often a busy month in financial services. And it looks like 2014 is no exception. During the first week of September, 19 fintech firms attracted $269 million in new funding. Even if you exclude the $110 million to alt-biz lender Strategic Funding Source, it was still a huge week, despite the short week caused by the USA holiday Monday. 

    Here's your scorecard ranked by size of funding (Aug 30 through Sep 5, 2014):

    Strategic Funding Source
    Small business financing using advanced technology
    Latest round: $110 million
    Total raised: Unknown
    Tags: SMB, lending, credit, New York
    Source: Crunchbase

    Alternative mutual funding trading platform
    Latest round: $75 million
    Total raised: $101 million
    Tags: Investing, trading, exchange, New York
    Source: Crunchbase

    Real-estate marketing and CRM solution
    Latest round: $20.1 million
    Tags: Home buying, sales, marketing, mortgage, South Carolina
    Source: Crunchbase

    Insurance automation technology
    Latest round: $16.7 million
    Total raised: $16.7 million
    Tags: Insurance, distribution, sales, mobile, California
    Source: FT Partners

    Equity crowdfunding platform
    Latest round: $16.6 million
    Total raised: $16.6 million
    Tags: Crowdfunding, SMB, UK
    Source: Crunchbase

    Prepaid card in India
    Latest round: $15 million
    Total raised: Unknown
    Tags: Prepaid, debit card, India
    Source: Crunchbase

    Technology for distributing shareholder and other investor information
    Latest round: $7 million
    Total raised: $7 million
    Tags: Investing, proxies, communications, New York
    Source: Crunchbase

    Chinese big data technology for loan underwriting
    Latest round: $6.5 million
    Total raised: 
    Tags: Big data, underwriting, credit score, China
    Source: FT Partners

    Health care billing and payments technology (aka
    Latest round: $5 million
    Total raised: $7.1 million
    Tags: Payments, medical, Idaho
    Source: VentureBeat

    Automating private placements (
    Latest round: $1 million
    Total raised: $4 million
    Tags: Investing, marketplace, private placements, equity, Virginia
    Source: SEC

    Manages receivables for healthcare providers
    Latest round: $358,000
    Total raised: Unknown
    Tags: Billpay, accounting, SMB, healthcare, California
    Source: SEC

    Home search technology
    Latest round: $275,000
    Total raised: $275,000
    Tags: Real estate, mortgage, Texas
    Source: Crunchbase

    Russian mobile-optimized bank
    Latest round: $46,000
    Total raised: $446,000
    Tags: Near bank, mobile, Russia, Finovate alum (FF13)
    Source: Crunchbase

    Mobile identity and fraud protection
    Latest round: $46,000
    Total raised: $1.8 million
    Tags: Security, authentication, mobile, MasterCard accelerator, Finland
    Source: Crunchbase

    Mobile identity and fraud protection
    Latest round: $46,000
    Total raised: Unknown
    Tags: Security, authentication, mobile, MasterCard accelerator, Ireland
    Source: Crunchbase

    Mobile loyalty with bank integrations
    Latest round: $46,000
    Total raised: $46,000
    Tags: Mobile, loyalty, cards, MasterCard accelerator, Poland
    Source: Crunchbase

    Indian mobile payments company
    Latest round: Undisclosed
    Total raised: At least $2.2 million
    Tags: Payments, mobile, India
    Source: FT Partners

    Technology to underwrite credit using mobile phone behavior
    Latest round: Unknown (series B)
    Total raised: More than $1.5 million
    Tags: Credit, lending, underbanked, mobile, underwriting, Massachusetts 
    Source: FT Partners

    Asian payments gateway
    Latest round: Undisclosed
    Total raised: Undisclosed
    Tags: Payments, Singapore
    Source: Crunchbase

    Russian credit assessments for microfinance applications
    Latest round: Undisclosed
    Total raised: Undisclosed
    Tags: Credit, underwriting, microfinance, Russia
    Source: Crunchbase

    With more than 280 companies applying, and 47 companies selected to compete, the Innotribe Startup Challenge is down to the top 15 companies that will move on to the Grand Finale. And six of the companies to advance are Finovate alums.

    The Innotribe Startup Challenge is part of Sibos, the conference held by SWIFT each year. The goal of the Challenge is to help what the contest categorizes as "startups" and "innovators" get access and exposure to the broader fintech community. Events are held in London, Singapore, and New York during which competing companies pitch their innovations to industry experts and fintech investors. 

    The Grand Finale will be held on October 1 at Sibos. The winning companies - one "early stage startup" and one "growth-stage innovator" - will receive a prize of $50,000 USD.

    The six Finovate alums among the finalists are below.

    Thumbnail image for AMPLogoHiRes.jpg
    Founded: 2009
    HQ: Hong Kong, China

    Thumbnail image for currencytransferLogoNew.jpg
    Founded: 2013
    HQ: London, UK

    Thumbnail image for fastcashlogo.jpg
    Founded: 2012
    HQ: Singapore

    Founded: 2012
    HQ: Seattle, WA

    Thumbnail image for MambuLogo.jpg
    Founded: 2011
    HQ: Berlin, Germany

    Thumbnail image for Thumbnail image for Thumbnail image for Wallaby_logo.jpg
    Founded: 2011
    HQ: Pasadena, CA

    Said Fabian Vendenreydt, Head of Markets Management, Innotribe and the SWIFT Institute at SWIFT said "Since it started in 2011, the Innotribe Startup Challenge has provided a huge opportunity to our community to understand and support this innovation." 

    For more information about the Innotribe's Startup Challenge, visit their page here.

    Alumni News-- September 5, 2014

    • Finovate-F-Logo.jpgCachet Financial Solutions will deploy its Select Business RDC merchant solution for leading regional bank.
    • Lending Club opens to investors in Vermont.
    • Forbes talks with Simple CEO Josh Reich on how a bank can be a brand you love.
    • MasterCard provides payment services for Basware Pay, an automated supply chain finance system. See MasterCard at FinDEVr in San Francisco.
    • Fenergo announces expansion into Asia-Pacific region.
    • Trustev to deploy its anti-fraud technology in RadioShack stores and online.
    • Courtesy of, NerdWallet features Prosper and Lending Club in its look at the rise of P2P lending.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    FinovateFall 2014 Sneak Peek: Part 6


    You know you're looking at the biggest FinovateFall ever when you're six posts deep into our Sneak Peek series and we're still not done.

    Before we introduce you to the next batch demoing in New York later this month, here's a quick guide to those we've already covered. Remember, there's still plenty of time to get your ticket to FinovateFall 2014 and see all this fintech talent yourself.

    This week, our six innovators are MasterCard, Matchi, Misys, Silanis, Sr. Pago, and WingCash. Enjoy!

    MasterCard's Pay with Rewards gives MasterCard cardholders the ability to redeem their rewards for purchases at millions of eligible MasterCard locations worldwide.


      • Differentiate rewards programs at the Point of Interaction
      • Accepted at millions of locations with no changes to the POS
      • Provides cardholder flexibility and choice
    Why it's great:

    MasterCard connects consumers, FIs, merchants, governments, and businesses worldwide, enabling them to use electronic forms of payment, and now ... rewards points.


    Kyle Clark, VP Product Development, MasterCard Loyalty

    Clark focuses on simplifying and enhancing the consumer rewards experience. He is currently the Pay with Rewards product owner.

    Chris Guiney, VP Product Development, MasterCard Loyalty

    Guiney leads a team of professionals dedicated to bringing the power of targeted loyalty services to clients and consumers worldwide. He is the platform owner of the MasterCard Rewards System.

    Matchi is a global innovation matchmaking platform that enables innovators to showcase market-ready solutions, and for banks to source these innovations from anywhere in the world.


      • All logged innovations are market-ready at least at prototype phase
      • Offers banks a curated shortlist of solutions aligned to their strategies
      • Sponsor Banks can connect & collaborate
    Why it's great:

    It brings innovators and banks together to drive banking forward and increase ROI for both parties.


    Warren Bond, Co-founder

    Bond is Co-founder of Luminous and has - as its CEO - steered this firebrand to deliver a number of innovations that contributed to FNB winning the title of most innovative bank in the world in 2012.

    David Milligan, CEO

    Milligan has an extensive background in innovation management within banking, as well as strategy consulting. He is passionate about "bringing new ideas to the discipline of the market."

    Misys brings disruptive digital innovation to 2,000 financial services customers worldwide - making banking "frustration-free" for consumers.


      • Ultra-target sales campaigns
      • Slick user experience
      • Generate new revenues through digital channels
    Why it's great:

    Turbo-charge your new sales by turning digital channels into your most successful sales channel. Be more relevant to your customers.


    József Nyiri, Director of Innovation, Digital Channels LABS

    My goal is to make us, everyday people less frustrated when we manage money, use financial services, and plan our future.

    Tamás Grünzweig, VP Head of Innovation, Digital Channels LABS

    Work hard. Have fun. Make history.

    Businesses choose eSignLive by Silanis when e-signatures matter. With e-SignLive's Use Your Own Device capability, banks can now use the customer's smartphone/tablet to capture hand-scripted e-signature.


      • Individual and joint remote account opening
      • No need to visit the branch just to sign - eliminates costly in-branch hardware
      • Make e-transactions more secure and personal
    Why it's great:

    No app, no special hardware. Make on boarding convenient and secure with any smartphone. A remote, personalized digital experience makes your bank easier to work with.


    Tommy Petrogiannis, CEO and Co-founder

    Petrogiannis co-founded Silanis in 1992. As CEO, he is responsible for strategy, vision, and keeping the company focused on delivering the best possible customer experience.

    TJ Witte, Senior Technical Consultant

    Witte has been implementing enterprise software for 10+ years. As Senior Technical Consultant, he is involved in many banking deployments, and focused on mobile signing.

    Sr. Pago is a payment system providing a debit card, card reader and app, and is revolutionizing the cash-based financial ecosystem upon which 70% of Mexicans rely.


      • First time a MasterCard can be replenished with a card reader
      • Enables payments and spending without a bank account
      • Processes magnetic strip and chip-based cards
    Why it's great:

    Sr. Pago is revolutionizing the informal cash-based financial ecosystem in Mexico.


    Pablo Gonzalez Vargas, Co-founder and CEO

    Prior to Sr. Pago, Vargas founded a successful marketing agency, IF Marketing Atelier. He also founded EXA Radio and TV, one of the most important media chains for youth in Latin America.

    WingCash says Cash is not weight, it's wings. Cash securely delivered by WingCash to your wallet in the cloud for your convenience anytime, anywhere.


      • Safely and securely stored in the cloud
      • Conveniently accessible by you anytime, anywhere
      • Cash you hold, you control, and only you spend
    Why it's great:

    Because life is better with cash, WingCash securely delivers cash to your cloud-based wallet anytime, anywhere. Hold on to cash, it is our future.


    Bradley Wilkes, Founder & President/CEO

    Wilkes is the Founder of WingCash, He also founded ProPay, a subsidiary of Total Systems Services (NYSE: TSS). He's been awarded 6 payment-related patents. He received both an MBA/TM and BS degrees.

    Steve Curtis, VP Director of Sales/Marketing

    Curtis is an accomplished leader in the mobile payment industry. He is a solutions-driven sales professional with 14+ years of experience successfully delivered a wide array of financial solutions.

    Be sure to check out our next Sneak Peek preview on Tuesday for more from the innovators of FinovateFall 2014
    Thumbnail image for ondeck_logo_new.jpg

    OnDeck announced today that Jane J. Thompson, former head of Wal-Mart Financial Services, will join the board of directors of OnDeck.

    "I have dedicated my career to driving growth for a variety of companies across the financial services industry, with a particular focus on those underserved by traditional options," Thompson said.

    Noah Breslow, OnDeck CEO, added, "Her expertise and leadership will help guide our growth across our marketing, product innovation, risk management, and customer services efforts."

    Thompson currently serves as the CEO of Jane J. Thompson Financial Services LLC, a management-consultant firm. Before serving as president of Financial Services at Wal-Mart, Thompson led the Sears Credit, Sears Home Services, and Sears Online groups within Sears.
    Thompson is also director at Navient Corporation, a loan management, loan servicing, and asset recovery firm, VeriFone Systems, and The Fresh Market. An advisor to the Consumer Financial Protection Bureau (CFPB), Thompson was named Innovator of the Year, and one of the 25 Most Powerful Women in Finance by American Banker Magazine.

    Jane J. Thompson's joining of the OnDeck board comes as the company moves closer to an initial public offering.
    Thumbnail image for Thumbnail image for Wallaby_logo.jpg

    How about real-time credit card recommendations right at your fingertips?

    Or at least around your wrist - Wallaby Financial announced today that it is introducing Wallaby for Android Wear. Following on the heels of Wallaby's deployment for Samsung Gear 2, today's news further establishes Wallaby as a leader in bringing financial services apps to the wearable devices market.

    Matthew Goldman, Wallaby Founder and CEO, said that the emphasis on wearables is designed to help give consumers the information and services they want "in the context of their daily lives." Goldman said, "each successive wearable device launch allows us to further enhance the capabilities we provide instantaneously and conveniently to our customers."

    Wallaby for Android Wear operates on a number of Android devices, including Moto 360 and LG G. The app is free for anyone with a Wallaby account and, when launched, uses geolocation and its own proprietary database of more than 2,000 credit card profiles to help users see and select the best credit card to use in a given transaction. 

    Check out the app for yourself here.
    Wearable technology remains on the cusp of acceptance. Writing in Wednesday's The New York Times Fashion & Style section, one author suggested referring to wearables not as "wearable tech" but "ugly tech." At the same time, the Times feature notes the fact that companies like Apple are moving closer and closer to a potential wearable of its own (an "iWatch" for example) suggests that the field could be "on the precipice of change."

    After al, the author says, "if anyone can change the perception of wearables and ugliness, it's definitely Apple."

    And it is also a definite that Apple won't be alone. With the Android user base continuing to grow worldwide, opportunities for collaborations between hardware innovators (like Samsung) as well as software innovators (like Wallaby Financial) are likely to remain robust. One of the most interesting things about wearables is how they encourage innovation when it comes to inputs. For example, Wallaby for Android Wear features the ability to use voice commands for certain key functions - a key attribute given the form factor of many, if not most, wearable devices.

    Wallaby was founded in 2011, and is headquartered in Pasadena, California. The company was last on the Finovate stage for FinovateSpring last year in San Francisco.

    Alumni News-- September 4, 2014

    • Finovate-F-Logo.jpgThreatMetrix to provide location-detecting solution help institutions meet the Treasury Office's international business regulations.
    • LifeHacker: ReadyForZero tracks your debt and helps manage your credit score.
    • Graphic Packaging Holding selects Taulia to provide its Business Exchange program to optimize the organization's payables process.
    • features BehavioSec. Come see its presentation at FinDEVr.
    • Jane J. Thompson joins OnDeck Board of Directors.
    • Wallaby Financial launches Android Wear app.
    • PayPal extends fingerprint authentication to Samsung Note 4 and Gear S.
    • EverBank partners with FIS to bring PeoplePay to its banking customers.
    • features Check among three nightmare-reducing money disruptors.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    FinDEVr Preview: Visa Developers


    Over two days at UCSF Mission Bay Conference Center in San Francisco, FinDEVr will provide developers, architects, engineers, and other builders with a unique opportunity to meet and network with some of the biggest names in fintech software development.

    Our FinDEVr Preview has already introduced you to some of these companies, innovators like Yodlee Interactive and TD Ameritrade Institutional. Today, we introduce you to one more: Visa and its Developers program. 

    Like many companies known primarily for their vast experience as a financial services provider, Visa is also a major innovator when it comes to technological innovations for financial institutions and their customers.

    Remember, early bird pricing for FinDEVr ends next week. Lock in your savings and get your tickets today.

    The Visa Developers program provides a broad array of tools, services, and resources from both Visa and its subsidiary brands to help developers create seamless, multi-channel payment solutions.

    Keynote: The Future of Commerce
    Learn how Visa is supporting the creation of new, innovative commerce solutions by enabling developers, mobile network operators, device and platform operators to easily connect to Visa's network through new open payment APIs and SDKs.


    1) Visa Checkout API-less Web Integration
    Implement your own instance of Visa Checkout on a website and get started with the Sandbox, adding requirement elements to a cart page, receiving/decrypting a payload, and updating with a pixel. Learn how simple it is to implement Visa Checkout on a website without making a single API call.
    2) Visa Checkout Android SDK Integration
    In this session we'll show you how to add Visa Checkout support to your app using our Android SDK. Learn how easy it is to configure your app for Visa Checkout, as well as get a payload and perform an update via our API.
    3) Visa Checkout Provisioning Integration for Financial Institutions
    Learn how to implement the Visa Checkout Provisioning interface on your site to streamline the provisioning of Visa Checkout accounts for your customers. We're discussing light and heavy integration options. See how simple it is to help your customers create Visa Checkout accounts on your site.

    Raj Sundaresan, SVP, Digital & Mobile Products

    Michael Blanton, Senior Director, Visa Digital Integration

    Alan Johnson, Senior Director, Digital Developed Markets

    Mark Legere, Senior Integration Architect, Visa Digital

    Dipti Bele, Integration Architect, Visa Digital

    Join us next week for our FinDEVr Preview featuring MasterCard Developer Zone. To read our earlier previews, check out our introductions to Yodlee Interactive and TD Ameritrade Institutional.

    BioCatch Mobile Emerges from Beta


    From iCloud to Home Depot, is anybody else looking for some good news when it comes to digital security?

    Fortunately, BioCatch - who will be making its FinovateFall 2014 debut later this month - is punching through the "Who Got Hacked?" gloom with news that its mobile security technology is now out of beta.

    BioCatch CEO Benny Rosenbaum highlighted two features he thinks will help separate BioCatch Mobile from the rest of the multi-authenticating pack. "What makes our solution so unique is the fact that it's completely transparent, works behind the scenes, and yet is far more secure than traditional two-factor authentication, " he said.
    How so? BioCatch specializes in cognitive biometrics. Cognitive biometrics provides for a greater range of inputs than many multi-factor authentication schemes. For example, BioCatch not only creates a unique signature based on physical factors such as left or right-handedness, but also factors in device interaction patterns, geolocation, and more.

    The goal is to help identify many of the more common security breaches experienced by FIs and their customs. These include account takeover and malware threats, as well as identifying the presence of "jailbroken" devices. The trick, said Rosenbaum, is to allow banks to "add new functionality without admitting new fraud or creating new friction."
    Founded in 2011 and headquartered in Boston, BioCatch was recognized last December by Aite Group as an "emerging player in biometric authentication." And Gartner called BioCatch a "Cool Vendor in Security" as recently as April 2013. The company announced that it had raised $10 million in new funding in June, courtesy of investments from Blumberg Capital and OurCrowd, as well as existing investors.
    Fidelity National Information Services
    Banking and payment technologies giant, FIS, announced today it has signed an agreement to acquire payment technology company, Clear2Pay for $493 million (€375 million).

    Once the acquisition is complete, FIS will augment its global payment services with Clear2Pay's technology. The Fortune 500 financial services provider anticipates that the new technology will give its larger customers a set of modern payments solutions.
    Here are some quick facts on the two parties:

      • Founded 1968
      • Went public in 2001
      • Headquartered in Jacksonville, FL
      • 39,000 employees
      • Serves 14,000+ institutions in 110+ countries 
      • Founded 2001
      • Privately held company. Has raised $127 million 
      • Headquartered in Brussels, Belgium
      • 1,200 employees
      • Counts 40 of the 50 largest global financial institutions as clients
    The pending acquisition, which is subject to regulatory approval and contractual closing conditions, is expected to close in the fourth quarter.

    FIS last demonstrated at FinovateSpring 2013 where it debuted its mobile wallet solution.

    Alumni News-- September 3, 2014

    • Finovate-F-Logo.jpgCortera announces Caine & Weiner as the Latest Open Receivables' Partner to Join Network.
    • Personal Capital launches Private Client Service. Come see Personal Capital's presentation at FinDEVr in San Francisco Sept 30 and Oct 1.
    • Blackhawk Network announces integration with Google Wallet.
    • Nutmeg, TransferWise featured in Growth Business' look at the top 10 technology venture capital investments of Q2.
    • ValidSoft wins 4th European Privacy Seal award for its Zero Latency Correlation process.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    FinovateFall 2014 Sneak Peek: Part 5


    After resting up over the weekend, we hope you're ready to take a look at six more companies that will demo their newest fintech creation in New York City at FinovateFall this September 23 and 24.

    Over the course of the past few weeks, we've seen:

    Don't miss out; get your ticket here to be a part of the action.

    Business Centric Services Group (BCSG) is a cloud- services brokerage offering business apps for small businesses via FIs with a platform reaching over 4 million SMBs worldwide.


      • Modularized platform that allows FIs to tailor their offering
      • 24x7 support for SMBs on all apps
      • Client support: from proposition design, to go-to-market strategy, to ongoing delivery
    Why it's great:

    Its platform will continue to evolve with the market. Whatever it does, it will always start with the small business need.


    1) John Davis, Managing Director
    Prior to BCSG Davis spent 10 years at Barclays where he was Marketing and Product Director for Barclays Business, and also Managing Director of Clearlybusiness.

    2) Andrew Garney, Commercial Manager
    Before joining BCSG Garney held various technical and project delivery roles at Hewlett Packard Enterprise Services and De La Rue.

    Diebold's evolution of Relationship Banking lowers the costs of self-service channels in the branch, combined with a seamless extension of tablet-based Sales, Servicing and Account Opening


      • Advanced teller transactions moved to self-service terminals
      • Personalized Account Opening, Sales & Service via Tablet
      • Shared customer history and product promotion across channels

    Why it's great:

    Diebold furnishes the ability to effectively identify, engage, service and anticipate the needs of customers across your self-service and assisted channels will differentiate your brand.


    1) Shelly Ewing, New Business and Solution Incubation for Diebold  

    2) Chris Siemasko, SVP Product Solutions for Zenmonics  


    Larky delivers engagement and loyalty through a unique platform that provides point-of-sale discounts at local and national merchants and magically reminds users of offers at the right time and place.


      • Location-triggered alerts when a discount is near
      • Tracks 2,000+ memberships. Users never miss an offer they deserve (including yours!)
      • White-labeled platform seamlessly ties in with your brand
    Why it's great:

    Imagine proactive notifications, served at the right time and place that save your audience money at local and national merchants throughout their daily life. That's Larky.


    Andrew Bank, Co-Founder
    Successful start-up entrepreneur with substantial experience identifying and developing products, services, and business relationships with high ROI. Passion for creating compelling new solutions.

    MaxMyInterest by Six Trees Capital LLC is an intelligent cash-management solution that helps investors earn up to 0.80% more on FDIC-insured bank deposits, rebalancing funds automatically as rates change.


      • Earn up to 0.80% more on cash without changing your checking account
      • Get the best interest rates, automatically, even as rates change
      • Funds move to and from checking as needed
    Why it's great: 

    Max brings efficiency and transparency to the $12 trillion market for cash, making it easy for investors to securely and effortlessly increase the yield on the cash portion of their portfolios.


    1) Gary Zimmerman, Founder and Chief Executive Officer
    Zimmerman is an investor and entrepreneur, focused on financial technology. Prior to founding MaxMyInterest, he was an investment banker at Citigroup. He graduated from Harvard University with a degree in economics.

    2) Richard Wu, Director of Engineering
    Wu leads the technology development team and is an expert in interface design. He graduated from the University of Illinois at Chicago with a degree in Computer Engineering.  

    Sonavation empowers trust through ultrasound technology by creating more secure environments in which to access sensitive financial data, conduct non-cash transactions and offer peace of mind.


      • Impenetrable security using ultrasound technology and cloud-based Identity-as-a-service infrastructure
      • Protection of sensitive banking information
      • ATM, credit and debit card protection
    Why it's great:

    Sonavation is on a mission to replace passwords and PINs with highly secure biometric solutions, leveraging the power of ultrasound to deliver piece of mind.


    Bob Stewart, Chief Operating Officer
    Stewart is the Chief Operating Officer at Sonavation, currently focused on delivering the convergence of physical and cyber security.

    TickSmith has built the first commercial Big Data platform for financial data.


      • Powerful and scalable Big Data technology and analytics
      • Management of all types of financial data
      • Solve compliance, reporting, analytics and distribution problems on huge data sets
    Why it's great:

    TickSmith provides out-of-the-box, previously unavailable possibilities to exploit financial big data.


    1) Francis Wenzel, CEO
    Seasoned financial data and technology executive and entrepreneur with 28 years of experience.

    2) David David Côté, CIO
    Entrepreneur, consultant and IT Architect with 17 years of experience developing, architecting, deploying and running technology solutions and infrastructure for banks, travel and IT companies.

    Check back this Thursday to see another six companies that will demo at FinovateFall 2014.


    Mobile imaging software company, Kofax, recently announced it acquired Softpro, a company that specializes in fraud prevention and e-signature, for $35 million.

    As part of the deal, California-based Kofax paid Germany-based Softpro $31.2 million in cash when the transaction closed on Monday. To complete the purchase, it will pay the remaining $3.5 million in three batches over the next two years.


    Softpro's e-signature software, SignDoc, processes 200 million electronic signatures every year, and boasts two major features:

    1) Click-to-sign
    2) Physical signature capture

    With SignDoc added to Kofax's quiver, services that require a contract, such as account opening, loan or mortgage applications, can be carried out entirely on the digital channel.

    Kofax last presented at FinovateSpring 2014 where it debuted its retail gift card balance solution.


    The 2014 FinTech Innovation Lab Asia Pacific has announced the latest set of fintech startups to participate in its accelerator program. And FinovateAsia 2013 alum Advanced Merchant Payments is among them.

    Advanced Merchant Payments specializes in providing short-term, unsecured financing for small and medium-sized businesses. AMP also provides SMEs with accounts receivable financing and cash-flow management services. Loans can be approved as quickly as five days, and terms typically range from 90, 180, 270, or 360 days. The company lends to a variety of businesses in Singapore, Hong Kong, and the Philippines, from retailers and wholesalers to contractors and equipment providers.

    The Innovation Lab was developed by Accenture and launched in June of this year. The program is geared toward "early-state" companies with technologies designed for the Asia Pacific market. The program lasts for 12 weeks and includes mentoring, panel discussions, and workshops led by industry veterans and fintech professionals - as well as networking opportunities for incubator participants.

    Sushil Saluja, senior managing director for Financial Services at Accenture suggested that the kind of technologies chosen by the lab selection committee are indicative of the kind of solutions FIs and customers alike are looking for. Saluja pointed specifically to "data security, analysis, and risk assessment" as areas where innovation could "make a real difference in the everyday lives of people" in the region.

    Joining Advanced Merchant Payments will be:

      • Beijing Wecash Wonder Technology
      • FinSuite
      • I Think Security
      • iDGate
      • Jocata Financial Advisory & Technology Services
      • OxBranch.
    Among the FIs supporting the FinTech Innovation Lab are Bank of America, Bank of China (Hong Kong), Barclays, China Construction Bank (Asia), Credit Suisse, DBS, HSBC, J.P. Morgan, Merrill Lynch, Morgan Stanley, Ping An, and UBS.

    Based in Hong Kong and founded in 2009, Advanced Merchant Payments has provided more than $25 million USD in loans to small businesses. The company demoed its technology at FinovateAsia 2013. See a demo of Advanced Merchant Payments at work here.

    Alumni News-- September 2, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMobile payments app from BBVA earns more than 250,000 downloads since launch last December in Spain.
    • Knox Payments picks up $625,000 in venture round funding. See them demo at FinovateFall 2014 in New York this month.
    • Issuer Direct chooses Top Image Systems to drive incoming document automation.
    • P2P lender, SocietyOne, to offer free credit scores to customers.
    • Micronotes' Cross-Sell interview marketing platform now automatically reports Net Promoter Score.
    • Advanced Merchant Payments 1 of 8 fintech startups to enter the FinTech Innovation Lab in Asia-Pacific.
    • Jumio and IDology announce partnership to enable verification via government-issued ID in card-not-present situations.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.


    Banks have problems. Innovators have answers. This is the way that Johannesburg-based Matchi, the online platform that pairs banks with relevant innovations, sees things.

    Here at Finovate, fintech innovation is always on our minds, so we wanted to interview David Milligan, CEO of Matchi. Milligan has a passion for

    innovation and has headed a number of innovation and new business units throughout his career. He has served as Matchi's CEO since January of 2014. You can check out his LinkedIn profile here.

    Finovate: Where did the idea for Matchi, a platform that matches banks with innovations, come from?
    Milligan: The idea for Matchi came as a direct result of challenges encountered by our co-founder Warren Bond and me, in our respective histories. I ran innovation and new venture business units in a large bank for over 10 years, and Warren successfully launched and licensed technologies to banks. Both of us experienced first-hand how banks can benefit from working with smaller, more innovative fintech firms, but also how hard it is and how long it can take to do a deal with a bank.  

    On the other side of the table, banks need consistent and clear approaches for sourcing and evaluating possible innovations, and anything that can extend their reach and help them find the next right thing is of great benefit. We realized that a global innovation platform that would assist innovators to reach the right people in banks globally, without having to pay high marketing costs, would fulfill a clear market need.
    Finovate: What are the top three ways in which Matchi benefits banks?
    Milligan: The top three ways Matchi benefits banks are:

      1. Connecting banks to the best innovations from around the world and giving them a way to curate
      2. Pro-active matching of innovations in the market in accordance to banks' priorities   
      3. Banks can negotiate fees directly with innovators                    
    Finovate: What trends are you seeing in fintech innovations?
    Milligan: We have noticed an increasing demand for innovations that are designed for banks' core purposes such as:

      • Managing and granting credit
      • Opening new accounts
      • Security solutions
    Finovate: What types of metrics can you share? 
    Milligan: We've doubled the number of banks on the platform since January of this year. To date, 30 banks from around the world have signed up as Matchi members, including banks from Europe, U.S.A., Asia, Australia, and Africa. This includes 3 Sponsor Banks across Spain, Sub-Saharan Africa, and Israel. 

    Additionally, we are currently signing three to four fintech firms a week which ensures our banks regularly receive interesting value propositions.

    Finovate: What's the next development for Matchi?
    Milligan: Increased functionality for Sponsor Banks as well as exciting new opportunities for innovators to respond to specific challenges as set by our Member Banks. We are also looking at developing Innovation Simulations for the workplace and will be hosting our first Innovation Sponsor Summit in December this year.
    Finovate: What is your personal favorite innovation on the Matchi platform?
    Milligan: There are many great innovations on our platform that span so many different areas, but one of my favorites is a solution that helps to prevent card fraud in a very unusual way.

    To learn more about Matchi, check out its demo video from FinovateEurope 2014 or come see its new technology at FinovateFall 2014 in New York.
    The last week of August was somewhat slower, but still included 10 new rounds, 3 of which went to Finovate alums. The total raised was $39.5 million. August concludes with a whopping $410 million raised, $215 million in equity and $200 million in debt (see previous posts for details). 


    Equity raised in order of deal size (22 Aug through 28 Aug 2014):

    Financial services kiosks
    Latest round: $25 million
    Total funding: Unknown
    Tags: Unbanked, kiosks, billpay, card issuing, prepaid, Florida
    Source: FT Partners

    Social trading platform
    Latest round: $4 million
    Total raised: More than $4 million
    Tags: Investing, social trading, Germany, Finovate alum
    Source: Finovate

    Korean bitcoin exchange
    Latest round: $3 million
    Total funding: $4 million
    Tags: Cryptocurrency, bitcoin, payments, Korea
    Source: Crunchbase 

    Identity-management technology
    Latest round: $2.5 million
    Total funding: $6.7 million
    Tags: Security, identity protection, New York, Finovate alum
    Source: Crunchbase

    Investment property lender
    Latest round: $1.8 million
    Total funding: $6.5 million (includes $4.7 million in debt)
    Tags: Lending, credit, mortgage, real estate, Texas
    Source: Crunchbase

    Turkish online payments provider
    Latest round: $1.4 million
    Total funding: $3.2 million
    Tags: Payments, mobile, online, cards, Turkey
    Source: Crunchbase 

    Knox Payments (See them debut at FinovateFall 2014 - 23/24 Sep)
    Latest round: $625,000
    Total funding: $1.6 million
    Tags: Payments, acquiring, Virginia, Finovate alum
    Source: FT Partners

    Japanese digital invoicing startup
    Latest round: $600,000
    Total funding: $600,000
    Tags: Invoicing, accounting, SMB, Japan
    Source: Crunchbase 

    Valuations of small and medium private businesses
    Latest round: $300,000
    Total raised: $400,000
    Tags: SMB, business, investing, Netherlands
    Source: Crunchbase 

    Real estate virtual tour platform
    Latest round: $300,000
    Total funding: $300,000
    Tags: Real estate, marketing, design, Chicago
    Source: Crunchbase
    View Previous Entries

    Watch Demos

    Click above for video archives of all demos.



    See all Finovate tweets