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Finovate Alumni News-- July 30, 2013

  • FinovateLOGO.jpgOpenCoin is among the virtual currency innovators looking to form a self-regulatory body for the industry.
  • MasterPass from MasterCard launches in the United Kingdom.
  • Bank Innovation takes a look at FIS Global's recent remarks on the company's technology deal with Sainsbury.
  • Yahoo Finance looks at rewards earned using Dynamics ePlate credit card.
  • StreetFight features reasons to opt in for card-linked loyalty programs from Cartera Commerce, Cardlytics, edo Interactive and Swipely.
  • Netbanker features BillGuard, Manilla, and Credit Karma as value-added apps driving mobile adoption.
  • eToro adds price alerts to eToro Trader app.
  • Bright Ideas features Noreen Hafez, senior product marketing manager at Akamai.
  • Kasasa holds sweepstakes, films big-bank breakup video, featuring CEO Gabe Krajicek.
  • Betterment joins fellow Finovate alumni FutureAdvisor and LearnVest in this NYT column on bringing "financial planning to the masses."
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.
  • Finovate-F-Logo.jpgCardlytics hires Jim Morgan as its first CFO.
  • Yodlee lets U.K. lenders view prospects' bank account data.
  • Q2ebanking expands into 85,000 square foot Austin corporate headquarters, poised for continued growth with new talent.
  • TechMarketView reports: ValidSoft offering additional security in a multi-channel world.
  • Congruity Solutions features ShopKeep POS on radio talk show.
  • ProfitStars introduces iPay OneClick bill pay and Andiamo, a way to deploy mobile services without core integration.
  • Fidor Bank AG to create "liability umbrella" in new partnership with German bit coin marketplace, Bitcoin.de.
  • The Currency Cloud nominated for Best Online Payments Solution (Merchants) in 2013 Payments Awards.
  • Bank Info Security interviews Akamai's Fran Trentley on security challenges in the mobile environment.
  • Paul Miniutti of ProfitStars talks about the link between ATMs, mobile devices, and P2P payments.
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.
This post is a part of our live coverage of FinovateEurope 2013.

akamai.jpgRepresentatives from Akamai Technologies are making their way to the stage in our first presentation after the noon break:

"Akamai is a leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, platform, anywhere.

At the core of the company's solutions is the Akamai Intelligent Platform, providing extensive reach, coupled with unmatched reliability, security, visibility, and expertise.

Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud."

Product Launched: February 2012

HQ Location: Cambridge, MA, USA
Company Founded: August 1998
Metrics: 2011 annual revenue: $1.1 billion; 2,800 employees; Akamai has deployed the most pervasive, highly-distributed cloud optimization platform with 119,000 servers in 80 countries within more than 1,100 networks.
Website: Akamai.com
Twitter: @akamai

Presenting Rich Bolstridge (Chief Strategist, Financial Services) and Nick Coleman (Senior Solutions Manager)
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FinovateEurope 2013 Sneak Peek: Part 3

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With just a few weeks to go before FinovateEurope, here's the third and final part of our Sneak Peek preview of the companies demoing in London (click here for part 1, here for part 2).

There still time to get your ticket and be a part of the conference in London on February 12 & 13 at Old Billingsgate Market Hall. For more information or to register, visit our FinovateEurope page here.

Each presenting company supplied a few teasers about the innovations they will be showcasing at the event.

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In a unique demonstration, Akamai will command agents and attack servers across the Internet to launch attacks commonly directed at financial services sites (including SQL injection, slow HTTP post, and DDoS attacks) at a pair of live demonstration banking sites on the public Internet. One site in the clear, and one protected by Kona Site Defender.

The demonstration will show how these attacks can compromise an unprotected site, and how Kona Site Defender is able to detect and mitigate these attacks automatically, live, in real-time. The demonstration will feature innovative adaptive rate control and real-time Web security monitoring security technologies.

Innovation type: Security

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Birdback

A lot is happening on the front-end of payments: Mobile POS, mobile wallets, NFC payments ... The back-end of payments, however, remains untouched. A card transaction is nothing more than a money transfer.  Meanwhile, developers dread the prospect of having to develop native applications for each of these new, front-end payment platforms.

So why not an API that sits at the very heart of the transaction network, on top of the most widespread means of payment: the payment card? What if one could link applications to payment cards, essentially turning what's already in consumers' pockets into a loyalty card, a discount voucher or a means of sending them digital receipts?

Innovation type: Rewards, cards, back office

Device Ident

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Device Ident will showcase its new solution to prevent online fraud in real time. Our product identifies and evaluates any device interacting with our customers' online services, and analyzes history and behavior of the visiting device to prevent fraud and misuse for all our customers.

It is easily integrated into our customers' online services and it fully complies with European privacy laws.

Innovation type: Security, identity

Five Degrees

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Watch a fully automated model bank with an unparalleled level of self-service giving both customer and bank imminent insight and control in the process.

Through our Web-based, mid-office portal, Five Degrees offers the potential of enormous business benefits in terms of efficiency in adapting new business processes on the go. As today's market demands, our open services hub integrates with external services like KYC checks, Passport Validation, and PFM.

Come and view the fast and instant response for the next banking generation: rapid deployment, rich customer experience, instant and transparent insight for bank and client alike.

Innovation type: Back office, banking, communications, sales

FreeAgent

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FreeAgent is the UK's market leader in SME cloud accounting software. The FreeAgent platform's capabilities extend far beyond traditional accounting software, and are developing toward performance and health measurement tools, providing vital information for both the businesses themselves and current or prospective lenders.

We will demonstrate how cloud accounting and the associated data creation, aggregation and interpretation functions can provide financial institutions with real-time insights into the underlying fundamentals and risk trends existing within a single business or across a base of clients.

Innovation type: Back office, lending, small business

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GMC Inspire Dynamic Statement is an interactive and engaging way to present your customers' statements, online or offline.

Instead of the standard online statements, GMC Inspire can generate thousands of dynamic statements in minutes, presenting your customers' data through attractive charts and graphs that are fully clickable.

Areas that require attention and action can be highlighted and customers can even drill down to granular level detail, providing a fully intuitive service. GMC Inspire also allows you to track usage of every statement and use this data to populate relevant offers and marketing messages for every customer.

Innovation type: Mobile, PFM

Meniga

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"To Buy or Not to Buy" is a white-label module for mobile banking applications that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would be if they saved the money and used it to feed their goal instead.

One unique aspect of this innovation is allowing the users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends.

Innovation type: Mobile, online, PFM, rewards

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PhotoPay provides the easiest and fastest way to pay paper and PDF bills using mobile devices.

Paying bills on a mobile phone is often difficult. Manual data entry is cumbersome and frustrating for smartphone users. PhotoPay has developed an advanced technology that significantly improves the mobile bill payment experience for both paper and electronic bills.

Banks and payment providers love PhotoPay because it can dramatically improve user experience and increase bill payments transactions. Our first bank customer has seen a 2,000% increase in mobile bill payments after implementing PhotoPay.

Innovation type: Payments, cards

Finovate Alumni News-- January 3, 2013

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  • Internet Marketing For Small Business likes how Flint leverages the camera for mobile payments.
  • Lithium Knowledge Center shares tips on configuring Klarna.
  • Entrepreneur interviews Jason Richelson, founder of New York-based ShopKeep POS, a cloud-based system.
  • Clover raises $3.3 million from undisclosed investors.
  • Tuition.io exits private beta, aims to make student loan management easier.
  • The Boston Globe takes a look at Tom Leighton, the new CEO at Akamai.
  • Techie Insider looks at how PayPal mobile payments can benefit your church.
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.
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Akamai took the stage next to demo its cloud-based web security solution:

"Web based attacks have been on the rise, with financial services being one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation. 

Akamai's Kona Site Defender is the first cloud-based Web security solution to help financial service institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications and associated data."

Product Launched: February 2012

HQ Location: Cambridge, MA
Company Founded: September 1998
Metrics: Akamai (AKAM) is a public company listed on NASDAQ, having gone public in 1999. The company produced $1,159M in revenue in 2011 with over 2,000 employees and 3,500 customers
Website: akamai.com
Twitter: @Akamai
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)

Introducing John Buten (Director of Industry Marketing) and Matt Brightman (Senior Solutions Engineer)
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Here is third and final look at the companies that will demo at FinovateFall September 12 &13 in NYC. Each company provided a short summary of the innovation they will debut on stage. In case you missed them, check out Sneak Peek Part 1 and Sneak Peek Part 2

Don't miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateFall ticket here.
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Web-based attacks have been on the rise, and financial services is one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation. 

Akamai's Kona Site Defender is the first cloud-based Web security solution to help financial services institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications, and associated data.

Innovation type: banking, online, security

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Banno brings instant pre-transaction insights derived from location, historical spending outliers and upcoming bills to its mobile experience.

When looking at bank statements, people naturally perform regression analysis and predictive modeling to find outliers in spending. In other words, Where did my money go? We feel that everyone needs more absolute data points to help in this decision process. Grip's dashboard provides easy access to your immediate historical financial perspective, allowing insight into spending over time while exposing anomalies with transaction level patterns ordered by what's most important today.

Innovation type: Mobile, payments, PFM

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Gift cards represent an estimated $110+ billion business in 2012. Consumers have $40 billion in unspent funds and are clamoring for digital solutions as well as connections to their favorite brands. Increasingly, these branded currencies are becoming a larger portion of the commerce cycle and consumer wallets. Retailers, merchants, financial institutions, digital wallets and marketers are all looking to capitalize and participate in this space. 

At Finovate, Blackhawk is premiering its GoWallet Digital Services. These services help a host of digital players power deep engagement with consumers while creating new revenue streams through prepaid branded currencies.

Innovation type: Cards, mobile, rewards

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CK Mack announces the debut of its innovative investment platform featuring an investment product based on a tangible, insured asset; Rented Real Estate

Real Estate has been a haven for the wealthy investor since the dawn of time. Now anyone will be able to share in the cash flow of rental property without the high dollar buy-in previously needed to invest in this profitable market. Current low interest rates and market insecurity combine to make CK Mack an exciting option for portfolio diversification. 

Innovation type: Investing

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Euronovate is a "Zero paper company" aiming to transform every legal paper signed into an ab-origine electronic document with the same legal validity in all verticals worldwide. The new Pad Ensign10 and software platform ENsoft provide better legal and security management for electronic signature.

Euronovate is the first company to offer an end-to-end approach with legal support for electronic signature rules, process reenginering, system integration, hardware, software platform and digital archiving. Customers benefit from lower costs, a more efficient process, and an overall better experience.
 
Innovation type: Back office, sales, security

FinoveraLogo.jpg
Finovera is your free personal bookkeeper. It is the easiest and most convenient way to receive, organize and manage household bills, financial statements and important family documents - all in one secure digital file cabinet. Users link their accounts once, and Finovera automatically brings in new bills and statements, making bill workflow management hassle-free.

Finovera disrupts the old way of dealing with paper documents and brings the simplicity, efficiency and convenience to household information management. Finovera helps banks and credit unions to reduce customer service costs, increase customer satisfaction and deepens relationships to maximize customer wallet share.

Innovation type: Mobile, payments, PFM

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The CHOICE direct-to-consumer model allows retail customers to create individualized savings and/or investment solutions from the convenience of any channel and device by selecting the term, guaranteed minimum rate, liquidity and source of additional potential return, all with the security of FDIC insurance, in a completely transparent, clear and honest manner.

Innovation type: Back office, banking, investing, mobile, online

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See the next generation in knowledge-based authentication - a SaaS solution that allows businesses to present custom, out-of-wallet questions to consumers using their own data. 

IDology's ExpectID Enterprise gives banks the ability to generate out-of-wallet questions using their internal proprietary customer transactional data located behind their firewall and without ever having to share that data with us. It is time to replace your shared secret questions (What is your mother's maiden name?) with a higher security model that isn't compromised by social media or vulnerable to account take overs. Be able to meet FFIEC compliance guidelines while creating a safer authentication method on high-risk transactions.

Innovation type: Identity, security

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See how the vexing problem of cross-channel integration has finally been solved! Financial institutions can now seamlessly connect the online and branch experience for consumers as they shop for financial products. 

A consistent consumer experience, easy 'take your work with you' cross channeling, best practice branch consultations, helpful product guidance, higher conversion rates, increased brand loyalty - just some of the many compelling benefits of Leadfusion's new Cross Channel Selling solution. Unveiled publicly for the first time at FinovateFall 2012, from the leader in financial experience management.

Innovation type: Banking, marketing, sales

ManillaLogo.jpg
Manilla.com is a free, award-winning service that helps consumers manage everything in their lives in one place. Using just one password, consumers can track their financial accounts, household accounts and utilities, subscriptions, daily deals, and travel rewards, all through Manilla.com or Manilla mobile apps. 

Manilla stores account documents, sends reminders to help avoid late fees, and gives consumers a complete overview of their accounts, all through a clean, simple interface. For businesses, Manilla decreases costs by moving customers to paperless billing, accelerates revenue by driving on-time payments, and offers a powerful marketing platform for businesses to engage their customers.

Innovation type: Communications, mobile, PFM

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MShift presents AnyWhereMobile: a new payment network that enables Community Banks and Credit Unions to become the issuers of mobile wallets. 

Simultaneously, the AnyWhereMobile payment network will multiply the net Interchange income of both debit and credit for Community Banks and Credit Unions, slash the merchant discount fees borne by merchants by more than half and eliminate the majority of fraud. The huge savings generated by AnyWhereMobile empowers merchants to generate more merchant-centric rewards and discounts for consumers.

Innovation type: Banking, cards, payments

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PlayMoolah is on a mission to change the way kids and teens use their money! We design fun technologies for kids to experience money management to earn, spend, save, invest, and give. Through real dollars, real action, and real impact, we hope for kids to take control of their money, and become empowered by using it to live their dreams and create value for the world.

Innovation type: Marketing, online, PFM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTSYS forms joint venture with Central Payment Co.
  • TechCrunch features Akamai for its study about broadband speeds. Come see Akamai demo its new tech at FinovateFall.
  • Computerworld features Personal Capital's app for iPhone and iPad.
  • MiiCard works with recruitment software to validate candidates' IDs, adds Yodlee's Joseph Polverari to board.
  • PerkStreet Financial to use Andera's oFlows platform.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy expands merchant base with Blee Inara's handcrafted original jewelry.
  • Umbel forms NetAlliance partnership with Akamai. Come to FinovateFall to see Akamai's live demo.
  • Fast Company talks with Alexa Von Tobel, LearnVest CEO. Check out LearnVest's live demo at FinovateFall.
  • USA Today features Social Money's SmartyPig.
  • Startup America features Bolstr. Come see Bolstr's live demo at FinovateFall.
  • The Independent looks at how CurrencyFair helps cut cost of cash transfers abroad.
  • The Financial Brand looks at how ImpulseSave hopes to create spontaneous savers.
  • GigaOM reports Corduro aims to win over big organizations that want to modernize their payment systems.
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.

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