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December 2010 Archives

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Backbase explores mobile banking in its fall webinar series. http://bit.ly/finovate1293

BlazeMobile creates smart payments sticker.http://bit.ly/finovate12133

BrightScope releases top 30 retirement plans. http://bit.ly/finovate12143

Capital Access special report on "Black Friday" and small business sales data. http://bit.ly/finovate1282   

SunTrust has added the "Transfer Now" product suite from CashEdge including person-to-person and me-to-me transfers. http://bit.ly/finovate12165

ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281 

Expensify is hiring for multiple positions. - The company is currently looking for Web developers and computer engineers at several levels. http://bit.ly/finovate1216

FIS launches innovative new mobile banking product. -- Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291

Geezeo selected by University Federal Credit Union as PFM provider. http://bit.ly/finovate12151

GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292

Kapitall closes series A funding round. -- The company did not release funding amounts or sources. http://bit.ly/finovate12163

Kasasa on "green" community banking. -- See what a green bank looks like. http://bit.ly/finovate12132

Seventy percent of US Airlines have migrated to Kony Mobile-powered travel apps. http://bit.ly/finovate12142

Lending Club featured in San Fransisco Chronicle, Black Enterprise, and PBS. http://bit.ly/finovate12131

mFoundry deploys Washington Trust Bank's mobile banking app. -- This makes 260 customers so far using the mFoundry mobile applications. http://bit.ly/finovate12161

Congratulations to Mint founder, Aaron Patzer, winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296

Mozo powering new "Compare, Ditch and Switch" campaign. -- The services allows Australians to shop around for better banking services.  http://bit.ly/finovate1283

Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com

SmartyPig launches cash rewards card with only a one-time activation fee of $4.95. http://bit.ly/finovate12134

Victrio receives $5 million investment for voice-printing technology. http://bit.ly/finovate12141

FinovateEurope-date-web.gif

The deadline to get your early registration ticket to the upcoming FinovateEurope is this Wednesday, December 22nd.

Buying your ticket before the end of December 22nd will get you a £100 discount and it will also ensure your attendance at the event. We had capacity crowds at the last two Finovate conferences and ticket sales are strong for this event as well.

The conference (February 1 in London) is shaping up phenomenally with three dozen great fintech companies scheduled to demo their latest fintech innovations on stage:

If you'd like to attend the event and watch the future of European fintech debut on stage, you'll be joining executives from organizations like Santander, Deutsche Bank, PayPal, Forrester, CIBC, TSYS, Microsoft, Accel Partners, Rabobank, ING, BBVA, Standard Chartered, PostFinance, Raiffeisenbank, Celent and many more.

We hope to see you in February in London!

FinovateEurope 2011 is sponsored by: BlueRock Consulting, Microsoft, Santander, Sapient & The Bancorp

FinovateEurope 2011 is partners with: 154 Consulting, BankerStuff, BankInnovation.net, Banking Automation Bulletin, CardWeb, Filene, Finance on Windows, The Financial Services Innovation Centre, PYMNTS.com & theStartup.eu.

FinovateSpring_Logo_Date.jpg

We're very excited to be announcing the dates for FinovateSpring 2011. The spring conference will return to San Francisco on May 10 & 11 with an expanded 2-day format and a new, larger location (since the show last year sold out after growing 50%).

There is a tremendous amount of innovation happening in fintech right now, a lot of it in the Bay Area / Silicon Valley region, and the two-day format will enable us to showcase more of it. We're getting inquiries from interesting new companies on a daily basis and expect to feature an array of exciting, fast-paced 7-minute demos (no slides allowed!) on stage next May. 

If you're a startup, established company, or financial institution innovating in financial or banking technology, we'd love to have you apply to demo your latest and greatest at the conference. To get more details, please email us at demo@finovate.com.

If you're interested in watching the future of financial and banking technology unfold live on stage (and can't make it to FinovateEurope in February) then get your pre-sale ticket today for FinovateSpring 2011 and save $400 off the list price. Tickets have already started to sell strongly before this formal announcement and we don't want you to miss out! We'll see you in May! 

FinovateSpring 2011 is sponsored by: The Bancorp and more great companies to be announced.

FinovateSpring 2011 is partners with: 154 Consulting, BankInnovation.net, BankerStuff, CardWeb, Finance on WindowsPYMNTS.com and more great orgs to be announced.

PopMoney (from CashEdge) wins award for excellence in Web design from the Interactive Media Council. http://bit.ly/finovate11301

Speculation from MarketWatch: Could ClairMail be headed for an IPO? http://bit.ly/finovate11306

ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281 

Expensify continues to grow its currency support base -- Expensify is now supporting 159 currencies. http://bit.ly/finovate1232

Robert Scoble uses Expensify for expense reports. http://scoble.it/finovate11305

FIS launches innovative new mobile banking product. -- Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291

GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292

This week's Jem 5 at Jemstep explores diversified fixed income funds. http://bit.ly/finovate1294

Generations FCU goes live with Jwaala's "Better Online Banking." http://bit.ly/finovate1237

Just for fun: Kasasa releases banks' playlists. See this week's from Jeff Davis Bank. http://bit.ly/finovate1236

Lending Club enjoyed a flurry of news coverage. Read the summaries  here: http://bit.ly/finovate1224 

Lending Club mentioned in PBS nightly business report. http://to.pbs.org/finovate1297

Mint.com now available in Canada. http://tcrn.ch/finovate1234

Congratulations to Mint founder, Aaron Patzer; winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296

Monitise to bring mobile payments to Nigeria. http://bit.ly/finovate1231

Mozo powering new "Compare, Ditch and Switch" campaign to allow Australians to shop around for better banking services.  http://bit.ly/finovate1283

Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com

The new SmartyPig rewards MasterCard provides up to 10% cash back at select retailers. http://bit.ly/finovate11303

Tyfone receives additional patent for electronic wallet technology. http://bit.ly/finovate11304

Wikinvest is even more mobile with Blackberry and Android Apps. http://bit.ly/finovate1235

Y Combinator and Yodlee cooperate to provide financial data services to startups. 
FinovateEurope-date-web.gif

After months of reviewing applications from leading fintech companies, we're incredibly excited to reveal the firms selected to show off their latest and greatest technology innovations at the first FinovateEurope.

The companies are geographically diverse (coming across Europe, North America and Asia) as well as diverse in the areas that they're innovating on (everything from online banking to security to marketing to online identity to ecommerce to investing to PFM).

On February 1st, 2011, the following companies (HQ locations in parentheses) will take the stage in London along with our guest host Chris Skinner:

If you'd like to attend the event and watch the future of European fintech debut on stage, you'll be joining executives from organizations like Santander, Deutsche Bank, PayPal, Forrester, CIBC, TSYS, Microsoft, Accel Partners, Rabobank, ING, BBVA, Standard Chartered, PostFinance, Raiffeisenbank, Celent and many more.

Buying your ticket before December 22nd will get you the early registration ticket price (a £100 discount) and it will also ensure your attendance at the event. We had capacity crowds at the last two Finovate conferences and ticket sales are strong for this event as well. We hope to see you in February in London!

FinovateEurope 2011 is sponsored by: BlueRock Consulting, Microsoft, Santander & The Bancorp

FinovateEurope 2011 is partners with: 154 Consulting, BankerStuff, CardWeb, Banking Automation Bulletin, Finance on Windows, The Financial Services Innovation Centre, PYMNTS.com & theStartup.eu

goalminelogo.jpg
MPower Labs on Nov. 11 launched GoalMine to the public after several months in private Beta. 

GoalMine is an online savings and investment tool which allows users to buy, use or give gift cards towards savings goals. The gift card can be easily invested into stock mutual funds, bond mutual funds, or FDIC-insured savings accounts, without the high minimum balances that most mutual funds require. GoalMine accounts can be opened with as little as $25 and have relatively low fees compared to many investment options.  

The company aims to make saving towards goals simple and fun. GoalMine employs familiar methods, such as gift cards and social media, to find prospective customers and to help those customers reach out to their family and friends who may help them reach their savings goals. 

Users can share their goals via Facebook or Twitter, and add photos from Flickr or Picasa, and link YouTube video to share their progress or goals. The platform can also be used for fundraising. 

It takes just a few minutes to establish a GoalMine account. Users must provide their name, address, and Social Security Number, and be U.S. citizens over 18 years old. I was able to establish four accounts with different savings goals, timelines and investments in seven minutes. 

The account has an easy wizard, which helps in deciding which account is best, and further offers help in calculating the savings goal, including statistics about what the goal may cost. It also prompts you to set your goal either by when you want to achieve it  or how much you can save per month. the wizards are easy to skip  if you prefer not to use them. 
 
goalmineoptions.jpg

Unlike other saving programs, I wasn't required  to make an initial deposit  at time of opening, nor did I have to establish a monthly automatic funds transfer.  

I can fund the accounts by monthly transfer, by ACH deposit from a linked bank account (not required) or by depositing GoalPack gift cards.  (I'm putting these on my daughter's birthday list now for that college fund.)

college.jpg
 

I established a college savings goal, and then "liked" it on Facebook, where it posted to my wall so that others could visit the goal. From there, others have an opportunity to purchase GoalPacks towards that goal. There is a fulfillment fee for the GoalPacks of $2.95 each for less than $100 or $3.95 per $100 for larger amounts. The online withdrawal process is simple and costs $1 each time. Electronic transfers to a bank account are made the same day. Check withdrawals take a little longer, arriving in seven to ten days. 

About the accounts
Savings: The savings account are offered through The Bancorp Bank of Wilmington, DE and  are FDIC-insured to $250,000. Currently the account earns 0.30% APY.  

Bond mutual fund: The bond mutual fund, GoalMine Fixed Income Fund (Ticker: GRFIX), is managed by Gratio Capital.  The minimum investment is $25, and expense ratios range from 1.15% to 1.4%. There is a 2% early redemption fee  for funds taken out within 180 days of deposit. (Prospectus link)

Stock mutual fund: The stock mutual fund, Gratio Values Fund (Ticker: GRVLX), is also managed by Gratio Capital. The minimum investment is $25 and the expense ratio is 1.4%. There is a 2% early redemption fee for funds taken out within 180 days of deposit. (Prospectus link)

Watch Demos

Click above for video archives of all demos.

 

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