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Alumni News-- August 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgACI Worldwide ranks #36 in Apps Run the Cloud's Top 500 application vendors.
  • Startups.co.uk interviews Michael Kent, CEO and founder of Azimo.
  • TechCrunch profiles Finland-based startup, Holvi.
  • American Banker looks at how banks can use BizEquity's app that enables small businesses to estimate the value of their company.
  • Wade Arnold, founder of Banno which was sold to Jack Henry & Associates, is 1 of 5 finalists honored in annual Silicon Prairie Awards.
  • SecureKey and Trustonic partner to enable SecureKey's briidge.net Connect services to work with Trustonic in select mobile devices. Check out SecureKey at FinDEVr this fall.
  • Bank Mutual selects D+H's Mortgagebot solution for end-to-end mortgage lending.
  • India's Bank of Maharashtra deploys FIS payment platform.
  • The new Citi Wallet supports digital payments via MasterPass from MasterCard. See the company present at FinDEVr in San Francisco this fall.
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.

Alumni News-- June 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNutmeg raises $32 million from new investors.
  • Bank of Southside Virginia (BSV) to provide Banno mobile app courtesy of Jack Henry & Associates.
  • Chicago Tribune's Blue Sky Innovation takes a look at the Technori Pitch event that featured Rippleshot.
  • DNAinfo Chicago looks at how Bolstr can now hit up investors for larger loans.
  • Monitise acquires Markco Media for up to £55M ($93.5 mil).
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.jpgYseop expands to New York http://bit.ly/QEtHWx
  • InComm partners with Softgate Systems to enable consumers to make cash bill payments in-store for 12k billers.
  • TIO Networks partners with PSE&G to enable customer payments at 2,000+ retail locations.
  • TSYS chooses ShopKeep to offer POS technology in the cloud.
  • FIS introduces Early Risk Manager, a turnkey, cloud-based risk and compliance solution for FIs.
  • Back to Banno: ProfitStars rebrands Andiamo mobile payments solution; now called Banno Mobile.
  • Mambu wins core banking contracts with financial organizations in Nigeria, Angola, and Kenya.
  • United Community CU partners with Insuritas to create a virtual "Insurance Aisle" inside the credit union.
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.jpgCU Alliance hires Insuritas to build non-cyclical fee income for credit union members.
  • Wade Arnold wins CEO of the Year award from Technology Association of Iowa, weeks after selling Banno to Jack Henry & Associates.
  • Holvi moves HQ to downtown Helsinki.
  • Fidor AG is first bank to deploy Ripple protocol.
  • Lending Club announces partnership with Union Bank.
  • Fiserv's TradeFlow enhanced to support SWIFT's GETC.
  • Sonora Bank implements SilverLake core processing platform from Jack Henry Banking.
  • LendUp raises $50 million credit debt facility from Victory Park Capital.
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 Alumni News- May 2, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard announces Australian launch of mobile payment app for education expenses.
  • PayPal partners with checkout app MyCheck.
  • SafetyPay teams up with Brazil's UOL Boa Compra to bring online payments to gamers in Latin America.
  • SEC filings show Jack Henry' & Associates' $28 million cash expense for Banno acquisition.
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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It is hard to believe that it is almost time for FinovateSpring 2014.

There's still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can't wait for you to see what this year's spring crop of fintech entrepreneurs and innovators has in store.

Before we do, however, let's take a moment to take a look back at last year's FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums

We've grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!



EXITS

  • Jack Henry buys Banno for undisclosed sum
  • The rumors are true: eBay's PayPal acquires Braintree for $800 million in cash
  • Intuit buys tax planning/preparation specialist GoodApril
  • TaxAct acquires Balance Financial
FUNDINGS

  • CardFlight secures $1.6 million in seed funding from ff Venture Capital
  • Encap earns seven-figure investment from ProVenture Seed
  • EyeVerify earns $2.3 million in Series A funding
  • Jemstep raises $4.5 million in Series A round
  • Kabbage brings in $270 million in debt financing to provide small businesses with funding of their own
  • Kabbage brings in $75 MIllion in debt financing
  • Leaf raises $20 million from Heartland Payment Systems
  • Alternative lender LendUp raises $14 million in new funding
  • D3 Banking creator Lodo Software Brings in $3 million
  • Narrative Science secures $11.5 million in Series C funding
  • OpenCoin wins investment from Google Ventures, IDG Capital Partners
  • P2BInvestor raises $1.2 million in Series A round
  • PayNearMe leverages Family Dollar Partnership; raises $20 million
  • PayNearMe raises $10 million in Series D funding, launches Express Merchant Onboarding Option
  • Prestadero raises 5 million pesos ($400,000 USD) in first round of funding
  • Quantopian raises $6.7 million in Series A round
  • Realty Mogul raises $9 million in round led by Canaan Partners
  • SeedInvest raises $2 million in crowdfunded investment campaign
  • SeedInvest Raises $1 million in round Led by Jumpstart New Jersey Angel Network
  • Zooz Closes $2 million Series A round Led by XSeed Capital
AWARDS

ACQUISITONS

  • OpenCoin acquires SimpleHoney
  • Kofax acquires data integration software provider Kapow Technologies
  • NICE to acquire Causata to enhance customer experience management

Finovate Alumni News-- April 10, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBoost Mobile waiving check loading, money transfer fees for its Wipit-powered mobile wallet through September.
  • Banno CEO Wade Arnold wins CEO of the Year award from Technology Association of Iowa.
  • CBS News takes a look at Dynamics' "credit card with a keypad."
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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Jack Henry has announced completion of its acquisition of mobile marketing and responsive web design specialist, Banno. The amount of the acquisition was not disclosed.

The move is the consummation of a relationship that began in the summer of 2013, when Jack Henry & Associates' ProfitStars deployed Banno's mobile financial app, Grip, as a white-label solution. 

The success of the technology, and a sense of compatibility between the cultures of the two companies, led to a closer relationship, a partnership and, in less than a year, the completed acquisition announced this week.

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Banno CEO, Wade Arnold said, "It's an exciting time to be an innovator in the financial services industry, and this acquisition is a tremendous opportunity for Banno to leverage JHA's proven technologies."

In addition to Grip, the Banno acquisition will provide Jack Henry with additional resources to add to its already-considerable arsenal. These include tools for designing and developing responsive websites, and an online advertising platform.

David Foss, president of ProfitStars (one of Jack Henry & Associates' three primary brands) said, "Banno's innovations in the online and mobile space are impressive, and we're exciting to combine out strengths in a way that expands our online and mobile suite."

Thumbnail image for ProfitStarsLogo.jpg
Jack Henry & Associates is a major provider of technology solutions for financial institutions. Its major brands include Jack Henry Banking, Symitar, and ProfitStars.

With more than 375 customers, Banno was recognized by American Banker as one of ten financial companies to watch for in 2013. The company was founded in Cedar Falls, Iowa in 2008 (as T8 Webware), and is currently headquartered in Des Moines.

Jack Henry & Associates was on the Finovate stage as recently as February, demoing Datavault alongside partner, Luminous. Banno demoed its marketing solution for banks and financial institutions at FinovateSpring 2013.
Finovate-F-Logo.jpg
  • iQuantifi launches financial advice platform to general public.
  • Billeo and Danal partner to create a mobile ID solution for Billeo's XpressBuy checkout service to make it easier by autofilling forms with your relevant information.
  • GMC Software Technology and Kony partner to develop next-gen document tech solutions for businesses.
  • SecureKey Concierge Service tops one million-credential mark.
  • American Banker takes a look at Jack Henry & Associates and its acquisition of Banno.
  • FinovateEurope: Behind the Scenes with Arxan Technologies, Kensho, and Plutus Software.
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.jpgNous makes it to the finals of UK's Million Pound Startup competition. Check them out at FinovateEurope in London.
  • Luminous partners with Jack Henry & Associates. Come see them both at FinovateEurope next week.
  • Pindrop Security achieves record growth in 2013 fueled by rising phone-based fraud.
  • Sun Hearlad features Finovera as a new site to help manage personal finances.
  • In yet another partnership, Refundo partners with Stripe to process payments for tax preparers.
  • CNB Texas launches responsive design website from Banno for greater cross-sell potential.
  • Top-Five U.S. Bank makes million dollar investment in software licenses for Kofax's Mobile Capture. Come see Kofax's live demo at FinovateEurope.
  • VentureBeat lists TransferWise among London's hottest startups.
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 Alumni News-- November 21, 2013

  • Thumbnail image for Finovate-F-Logo.jpgHPC Wire takes a look at the partnership between Toopher and Texas Advanced Computing Center.
  • Regulators green light IDology plans for New Jersey expansion.
  • Jackson Free Press uses data from Manilla to source column on student loan debt.
  • Michigan-based ECCU introduces a responsive designed website powered by Banno.
  • MyBankTracker reports: SimpleTuition's SmarterBank to Shut Down Due to Low Participation.
  • International Business times considers how Holvi and TransferWise are revolutionizing banking.
  • Tagit powering Maybank P2P m-payment Service in Singapore.
  • BancVue's Kasasa wins Five 2013 MarCom Awards.
  • Betterment CEO Joe Stein talks about the online RIA industry with RIA Biz.
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.jpgValidSoft releases latest addition to the VALid suite of telecommunication based security products, Zero Latency Correlation.
  • Kabbage partners with Xero to provide SMBs capital based on their online accounting data.
  • Faces of Innovation features Wade Arnold, Banno CEO.
  • FIS Global signs agreement to market ARM Insight's Prepaid Management Platform.
  • MasterCard announces partnership with Parkeon to provide merchant offers, loyalty services via smart parking terminals.
  • PYMNTS.com interviews ZooZ VP for business development, Noam Inbar.
  • ISO & Agent talks about Moolah LLC's deployment of Leaf's LeafPresenter POS tablets.
  • SmartyPig announces CorePro, the next generation of its savings solution which helps companies integrate savings accounts into their existing solutions.
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.jpg
  • Silicon Prairie lists Banno and Dwolla as 2 Iowa startups to follow on Twitter.
  • Wakefield reports: Bolstr is navigating the legal complexities of crowdfunding.
  • PlayMoolah working with OCBC Bank for the second year running to teach children about saving.
  • FIS announces new prepaid card technology agreement with KeyBank.
  • WebrazziTV interviews miiCard marketing manager Cassie Anderson at Bitcoin London.
  • Finovate alumni Zopa, TransferWise, miiCard, and LICUOS highlighted in Innotribe co-founder Matteo Rizzi column on banking.
  • Invitations for Google Wallet for Gmail start arriving for registered early adopters.
  • All Things D profiles Motif Investing. See them in action at FinovateFall in September.
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 BannoLogo3.jpg

Leveraging technology from a pair of Finovate alumni - Banno and ProfitStars, Generations Bank heralded the growth of its first mobile app, mygenmobile, in an announcement this week.

Adoption and participation rates with the new app have been impressive. According to Generations Bank, since its January launch:

  • More than half of the app users have accessed it more than 10 times.
  • The top 10% have accessed the app 45 times or more. The top 5% accessed it 60 times or more, and the top 1% of subscribers accessed it 95 times or more.
  • During May the bank's billpay subscribers increased by 30% with bill pay transactions up to 16%, year over year.
Thumbnail image for ProfitStarsLogo.jpg
Generations Bank is based in Seneca Falls, New York, and has more than $260 million in total assets. The bank launched its app at the beginning of the year, and has picked up more than 600 mobile banking customers since. Mobile users account for 30% of its online banking base.

generations-bank240.jpg
Banno specializes in helping financial institutions use their own banking data to better understand their customers and grow their businesses. ProfitStars, a division of Jack Henry & Associates, develops software solutions ranging from imaging and payments processing to security and risk management.

Both companies are veterans of FinovateSpring in San Francisco. Banno presented its marketing solution for banks, Banno Kernel as part of the 2013 show. ProfitStars was on the Finovate stage one year earlier, demonstrating their Budget Manager technology. Banno's demo is available here. See ProfitStars at work here.
  • Finovate-F-Logo.jpgWalmart names InComm supplier of the year.
  • Crawford Technologies announces new partnership with Striata.
  • American Banker reports: Q2ebanking to Resell Andera Software.
  • Banno names Ben Metz as CTO.
  • Receivable Exchange closes $10M funding round led by current investors.
  • GoBank goes live, mobile banking app available on iOS.
  • Newfination interviews Sasha Orloff, CEO of LendUp.
  • IntelliResponse adds VOICES to virtual agent technology.
  • Lloyds Bank partners with Monitise to develop a suite of mobile card acceptance solutions for micro-merchants, start-ups and small business owners.
  • LICUOS wins Innotribe Startup Disrupt competition at Next Bank Madrid.
  • Realty Mogul tops $2 million raised one month after reaching $1 million raised mark.
  • Finect advises FIs not to panic when it comes to spot checks from FINRA.
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.
  • FinovateLOGO.jpgPaymentsSource talks with Noam Inbar, VP for product development for Zooz.
  • OneID takes a look at the "security theater" of Twitter's two-factor authentication.
  • TSYS renews payment processing arrangement with Nationwide Building Society.
  • Pizza Marketplace interviews Leaf director of sales Alex MacKenzie on mobile marketing.
  • MIT Technology Review features OpenCoin.
  • Waspit to release new UX & mobile Apps in August to coincide with the new academic year.
  • TIO Networks partners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.
  • Virtual Piggy partners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.
  • Mitek receives patent for signature verification and fraud detection.
  • Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.
  • CU Times highlights Moven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.
  • Silicon Prairie News features Banno and EyeVerify demos at FinovateSpring.
  • Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker's Internet Trends report.
  • SaveUp helps credit union members save more than $400 million.
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.
Press.jpg

Last week's FinovateSpring 2013 received great coverage through blogs, tweets and articles. Here are the highlights:

Full conference live blogs
---------------

Three contributors risked carpel tunnel to cover all 72 demos. Thanks to Erin McCune and William Mills III and Phillip Ryan for going the extra mile!

Bank Innovation
by Phillip Ryan
FinovateSpring recap and ratings
Day one morning recap
Day one afternoon recap
Day two morning recap
Day two afternoon recap

PaymentsViews
Live Blogging Finovate Spring 2013 San Francisco
by Erin McCune 

William Mills blog
Live Blog: FinovateSpring 2013 San Francisco by William Mills III-DAY ONE
by William Mills III


Other coverage
-----------------------------------------------------------------------------------------------------------
Affluent Strategies
What About the Overbanked?
by JP Nicols

American Banker
5 Most Intriguing Companies at Finovate
by Sean Sposito

Bank Security Top Focus at Finovate

Banno Launches Data-Analytics Marketing Feature
by Sean Sposito

Crowdfunding Startups Pose New Competition to Commercial Lenders
by Sean Sposito

EyeVerify Rolls Out Authentication Service for Mobile Banking
by Brian Browdie

GoBank to Go Live on the Fourth of July
by Sean Sposito

The Buzz at Finovate: New Security Tech
by Sean Sposito

Bank Marketing Strategy
Musings of a Finovate Virgin
by Jim Marous

Bank Systems & Technology
Digital Marketing Solutions Stand Front and Center at Finovate Spring
by Jonathan Camhi

Banking 2020
FI Spotlight: USAlliance FCU Sees Cross-Selling Success

Barron's
Algorithms for the Masses
by Theresa W. Carey 

Bloomberg Businessweek
Kabbage Expands Its Cash Advances to Brick-and-Mortars
by Patrick Clark

Celent
How to give a killer Finovate presentation
by Dan Latimore

Credit Union Magazine
Finovate Unveils Best of Show Winners

Finovate Highlights Industry's Best and Brightest
by Steve Rodgers

Look into the Future of Finance
by Steve Rodgers

Scenes from FinovateSpring 2013
by Steve Rodgers

Credit Union Times
5 Things You Don't Know Because You Weren't at Finovate
by Robert McGarvey

Onsite Coverage: Finovate Crowns the Winners
by Robert McGarvey

Onsite Coverage: New Security Tools Take Finovate Stage in Numbers
by Robert McGarvey

Onsite Coverage: No Clear Winners at Finovate Day 2
by Robert McGarvey

Threat of the Week: DDoS Back at You
by Robert McGarvey

Tomorrow's Ideas Spark Interest But Fail to Excite
by Robert McGarvey

Des Moines Register
Banno launches marketing product for banks
by Marco Santana

Ecommerce Bytes
ZooZ Lets Mobile Shoppers Tap an Ad to Buy
By Ina Steiner 

FamZoo blog
My Finovate Scorecard Winners Plus Snarky Tweet Highlights
by Bill Dwight

Spend Money Like a Pop Star...Or Not: FamZoo's FinovateSpring 2013 Demo
by Bill Dwight

Filene blog
Filene Five: Promising Products from Finovate

The Financial Brand
7 Reasons to Love GoBank
by Jim Marous

Finews.ch
Neues aus der Finanzwelt der Zukunft

Finextra
Banno unveils marketing tool Kernel

Forrester blog
FinovateSpring Fling 2013: Another Year of Dazzling Financial Services Delight!
by Tiffani Montez

Hotwire blog
Innovations inspire at Finovate Spring 2013
by Annette Leach

IntelliResponse blog
IntelliResponse Takes Center Stage at Finovate Spring 2013
by Dwayne Weppler 

Investment News
Quantopian launches trading platform pilot program
by Davis D. Janowski

Kabbage blog
Kabbage and Intuit Partner to Fund Small Businesses!

Lisa LaMagna's Slideshare
Finovate SF in 60 Seconds
by Lisa LaMagna

MainStreet
Kabbage Expands Small-Business Financing
by Laurie Kulikowski

Man in Ranks blog
I attended Finovate Spring in San Francisco
by Christopher Perrien

Intuit
by Christopher Perrien

Newfination
Finovate Spring 2013: Expensify Is At The Forefront Of Innovation In Business Expense Management

Finovate Spring 2013: On Finovera You Can Store Your Bills, Statements, And Financial Documents

Finovate Spring 2013: GoBank Is A New Finance Bank That Enables Smart Personal Money Management

Finovate Spring 2013: GoodApril Helps You With Your Taxes All Year Round

Finovate Spring 2013: In San Francisco At The Center Of The New Finance World

Finovate Spring 2013: Kabbage Approves And Lends Money To Small Businesses in 7 Minutes or Less

Finovate Spring 2013: Leaf.me Is A Multiprocessor Payment Platform For Merchants

Finovate Spring 2013: Prestadero Is A Mexican Peer To Peer Lending Marketplace

Finovate Spring 2013: Realty Mogul Is A Crowdfunding Platform For Real Estate Investing

Finovate Spring 2013: Refundo's App Is For The Under and Unbanked

Finovate Spring 2013: Start A Trust Fund For Each Of Your Kids At TrustEgg

Finovate Spring 2013: Virtual Piggy Is A Safe Payments System For Your Kids to Spend their Allowance

Finovate Spring 2013: Walla.by Is A Full Service Credit Card Advisor

Newsday
Banking Up Launches at FinovateSpring, Lets Any Business Offer Customers a Trusted Alternative to Traditional Banking

PandoDaily
Finovate: Quantopian debuts live data trading for consumer quants
by Michael Carney

Pymnts.com
A VC's Inside Look At FinovateSpring 2013
by Dan Rosen

GoBank Announces Timing of General Availability and National Distribution Relationships at FinovateSpring

Kabbage Extends Loan Services To Offline SMBs

TipRanks Wins Best of Show Award at Finovate

TransCard Congratulates FamZoo, Winner of One of Five 2013 FinovateSpring Best of Show Awards

The Paypers
InvoiceASAP, Zebra Technologies partner for mobile invoicing solution

Refundo blog
FinovateSpring 2013 Trip - Demo Day
by Michael de Senna

SF Gate
ZooZ Previews "In-Ad Payments"™ at Finovate Spring

Silicon Prairie
Onstage at Finovate, Banno unveils ad platform for banks
by Danny Schreiber

Watch EyeVerify, Banno demo their wares at bank tech event Finovate
by Fred Bauters

TechCrunch
Mobile Payments Startup ZooZ Debuts In-Ad Payments (Yes, "Ad" Not "App")
by Sarah Perez

VentureBeat
Expensify takes on Freshbooks with invoicing & billing features
by Sean Ludwig

Kabbage expands its loans business, now supports Quickbooks
by Christina Farr

Y Combinator Blog
LendUp (YC W12) wins Finovate 2013 Best in Show for consumer loan platform to help the underbanked build credit

We'll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.
BannoLogo3.jpg
This is a part of our live coverage of FinovateSpring 2013.

Second up this afternoon, Banno launched Kernel:

"Banno Kernel enables financial institutions to leverage the way consumers interact with their business by delivering on the promise of true one-to-one marketing. Kernel positions the next best product to each individual consumer based on interest, across any channel. It exposes a modern web API for integration across all channels - online, mobile, ATM, e-statements and more. Through a real-time dashboard, financial institutions receive an exact picture of the next best product for each individual user. Kernel continues working the lead opportunity throughout any channel on which the user chooses to engage."

Founded: March 2008

HQ: Cedar Falls, IA
Product Launch: May 2013
Metrics: 51 employees
Websitebanno.com  
Twitter: @BannoHQ

Presenting Wade Arnold (CEO & Founder) and Ben Metz (CTO)

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IMG_1892.JPG

Finovate Alumni News-- April 11, 2013

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  • Alliance Data teams up with Locaid to provide opt-in geofence pilot program for branded cards.
  • Currensee announces Trade Leaders Investment Program.
  • Leaf announces Quick Serve POS solution for restaurants. See Leaf in action at FinovateSpring in May.
  • Credit Sesame reports growth figures.
  • Banno creates 15 responsive design websites in Q1 2013.
  • HelloWallet hires 6, bringing total number of employees to 40.
  • LG now offers the convenience of purchasing via PayPal on their 2013 line of Smart TVs.
  • American Banker reports Fiserv updates its Unified Wealth Management platform.
  • Money Marketing features Rplan, Nutmeg, and LoveMoney as startups that appeal to the under-30 crowd.
  • Dropbox offers single sign on through partnership with Ping Identity.
  • CMO.com interviews Yandex CEO Bernard Lukey is the director of sales and business development.
  • GigaOM reports PayPal offers 2 new extensions for Magneto merchants.
  • The Economist takes a look at the bitcoin boom, including alternatives like OpenCoin. See OpenCoin demo Ripple at FinovateSpring in May.
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.
BannoLogo3.jpg

Banno (formerly T8 Webware), a solutions provider for financial institutions, implemented 15 responsive design financial institutions websites in Q1.

Responsive design enables the website to automatically determine:

    • Screen size of device being used
    • Type of device being used
    • Browser being usedBannoResponsiveDesign.jpg

With this information, the website is tailored to fit individual situations (see example on the right).

Florida-based CBC National Bank and Iowa-based The Citizens 1st National Bank have both implemented Banno's responsive design format.

A total of 80 financial institutions have implemented Banno's responsive design format since its launch in the fall of 2012.

To learn more about Banno's other offering, Grip, watch its FinovateFall 2012 demo. Come to FinovateSpring on May 14 and 15 to see a live demo its new tech.

Finovate Alumni News-- February 26, 2013

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  • TSYS reaches long-term deal with MLS Direct Network.
  • ProfitStars launches Gladiator Managed IT Services.
  • Expensify now available for BlackBerry 10 and the BlackBerry PlayBook.
  • Bank Innovation reports: New Banno President Charles E. Potts says Grip Will Triple User Base in 2013.
  • MyBankTracker lists Expensify as 1 of 3 finance apps that is way better than Mint.
  • ThreatMetrix introduces Behavioral Analysis in the ThreatMetrix Cybercrime Defender Platform.
  • Monitise triples value of payments and transfers over its technology platform from $10bn to $31bn.
  • Segodnya.ua features Liqpay in its review of the advantages and disadvantages of electronic money.
  • Coast Capital Savings Credit Union in Canada to deploy Temenos T24 core banking app.
  • Pockets United among the startups presenting at TechCrunch Mobile Barcelona this week.
  • Xconomy's "Innovations in Financial Technology" features TradeKing.
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 Alumni News-- February 25, 2013

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard announces MasterPass, enabling one-touch transactions with payment cards and devices.
  • Service2Media launches new version of App Lifecycle Platform, M2Active 4.0.
  • TSYS extends payment processing contract with Green Dot.
  • lovemoney.com features Azimo's money transfer service.
  • Continuity Control releases regulatory compliance management system for small- to mid-size credit unions.
  • Kantox adds spot transactions to FX to offer a full range of FX services to corporate clients.
  • Kony opens EMEA office, enhances mobile CRM product.
  • Market Consensus reviews BillGuard.
  • New Zealand-based bank, ASB, supports automagic bank feeds into Xero.
  • Next Advisor compares TrustedID with competitor.
  • Des Moines Register reports: Open atmosphere, passion for product help Cedar Falls' Banno grow.
  • SafetyPay to power Computop's Paygate payment 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.
BannoLogo3.jpg

Digital banking solutions startup Banno announced last week that it has appointed industry veteran Charles Potts to fill the newly created role of President. 

Potts, who has been working in the fintech industry for 25 years, has an impressive work history. His previous experience includes:

    • SVP of Business Development at ProfitStars
    • Founder and President & CEO of Beacon Software
    • Co-Founder and President & CEO of iBank
    • VP of Business Development for nFront (now Digital Insight) 
    • Global Accounts Manager at Interactive Planning Systems or IPS-Sendero (now a Fiserv company)
CPottsPhoto.jpg

Potts (pictured right) previously sat on Banno's advisory board, and will now be helping the Iowa-based company accelerate the product delivery strategies of their partnerships and direct growth within the financial services marketplace.

We caught up with Potts this week to get some insight on his recent move:

Finovate: How has your past experience prepared you for this role?
Potts: Starting my own companies and working with entrepreneurs is something I understand. I've been very fortunate in my career both in banking and in the FinTech space to witness firsthand what works to make a successful venture as well as what doesn't. I believe I can contribute some of that experience to helping Wade and the Banno team.

Finovate: What are you most looking forward to in your new role?
Potts: Working with Wade and the team to nurture and grow their ideas is quite exciting. As an outside advisor, I got some sense of the passion they possess for the groundbreaking innovation being created. That passion and hunger to build really good products and provide outstanding service to the customers is quite uplifting. Now I get to be part of that firsthand.

Finovate: What advice would you give a young entrepreneur in the fintech industry?
Potts: Understand the buying behavior of the market you serve and what it means to be a fiduciary. Banks and credit unions have a very important role in the communities they serve and much of that is centered on a strong fiscal and social responsibility. We as partners to the financial institutions must respect and protect that role.

Finovate: As someone who has seen a lot of fintech come and go, what attributes does Banno have that will help it succeed?
Potts: A common or shared vision amongst the employees is supremely important to the success of any organization. As the old adage goes, "If you don't know where you're going, any road will get you there." This requires focus, communication and an unwavering commitment to the common goal and each other. Banno has that in abundance.

Finovate: How long does it take to get from Atlanta to Cedar Rapids?
Potts: Ha! While it seems like it has taken me 3 years to get here, given my work on the board, fortunately Delta is ready when I am with many choices into the area. The trip can usually be no more than 2 hours, enabling me to make frequent visits to the office and spend quality face time with the entire team.

To learn more about Banno, watch its FinovateFall 2012 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Financial Brand investigates how Mitek's bill payment service can aid customer account switching.
  • ShopKeep POS partners with Griffin Technology to launch iPad POS system with a built-in magnetic card reader.
  • Fiserv selects Aconite's Smart EMV Manager solution to enhance EMV card processing systems.
  • LearnVest app reaches 100,000 downloads.
  • SEO-Cart integrates PayLeap from Acculynk Direct, a division of Acculynk.
  • Profile of Banno CEO in American Banker highlights recent partnership with ProfitStars.
  • Phillip Capital signs Heckyl Technologies to integrate News and Sentiment analytic platform.
  • CreditKarma, PayPal, Experian, Pageonce, and Manilla earn spots on Netbanker's top 50 iPhone and iPad finance apps.
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.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.

A few stand-out metrics for the year:

  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.

January -- $25 million raised by 3 companies
Currensee: $2 million -- blog post
Finsphere: $11.3 million -- blog post
HelloWallet: $12 million -- blog post

February -- $57 million raised by 5 companies
Capital Access Network: $30 million -- blog post
Dwolla: $5 million -- blog post
Jemstep: $6 million -- blog post
Kabbage: undisclosed -- blog post
Xero: $16.6 million -- blog post

March -- $68 million raised by 3 companies
Boku: $35 million -- blog post
eToro: $15 million -- blog post
ThreatMetrix: $18 million -- blog post

April -- $2.5 million raised by 1 company
miiCard: $2.5 million -- blog post

May -- $55.5 million raised by 5 companies
Kony: $15 million - blog post
Pindrop Security: $1 million -- blog post
SecureKey: $30 million -- blog post
SoMoLend: $1.17 million -- blog post
Yodlee: $8.3 million -- blog post

June -- More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million -- blog post
Arroweye Solutions: $3 million -- blog post
Cartera Commerce: $12.2 million -- blog post
Credit Sesame: $12 million -- blog post
Doughmain: undisclosed -- blog post
Lending Club: $15 million -- blog post
Nutmeg: $5.3 million -- blog post
Planwise: $200,000 -- blog post

July -- $6 million raised by 2 companies
Continuity Control: $1 million -- press release
SaveUp: $5 million -- blog post

August -- More than $49 million raised by 6 companies*
DemystData: undisclosed -- blog post
FutureAdvisor: $5 million -- blog post
FreeMonee: $34 million -- blog post
The Currency Cloud: $3.1 million -- blog post
CashStar: $5 million -- blog post
Continuity Control: $2.25 million -- blog post

September -- More than $59 million raised by 5 companies
Banno: $2 million -- press release
Betterment: $10 million -- press release
Edo Interactive: $15 million -- press release
Fuze Network: $2.5 million -- press release
Kabbage: $30 million -- blog post

October -- $37 million raised by 2 companies
The Currency Cloud: $1.9 million -- blog post
Braintree: $35 million -- blog post

November -- More than $23 raised by 4 companies
ActivePath: $10 million -- blog post
Jingit: $7 million -- blog post
Bazaarvoice: $6.7 million -- blog post
Xero: $49 million -- blog post

December -- More than $16 million raised by 4 companies
Waspit: $3 million -- blog post
Controlabill: $570,000 (A$600,000) -- blog post
Zopa: undisclosed -- blog post
ShopKeep POS: $10 million - blog post
Clover Networks: $3.3 million - blog post

*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker features Banno CEO Wade Arnold, calling him a "coder in the cornfields."
  • American Banker names PayPal and Wonga 2 of 8 non-banks to watch in 2013.
  • Mint.com encourages users to add goals by holding $500 sweepstakes.
  • Deccan Herlad examines Yodlee's plan to move into India.
  • Forbes considers the best job titles of 2012: Min Xuan Lee, PlayMoolah's Princess of Possibility named #1.
  • MoneyDesktop to power Cubus Solutions' online banking services.
  • Geezeo to power Wings Financial PFM.
  • Billion Success blog interviews David Barrett, Expensify CEO.
  • OneDayGlobal blog profiles Entrepreneurial Finance Lab.
  • Silicon Prairie reports: Dwolla-powered Koala Pay aims to help merchants, customers connect.
  • Andera adds Gesa CU & Central Star CU for online account opening, loan applications.
  • Marketing Technology Blog highlights Flint Mobile and its camera-based payment processing system.
  • Ixaris completes move to new offices in San Gwann.
  • TSYS announces ProPay acquisition now complete.
  • Experian is offering a searchable consumer credit database.
  • Locaid Technologies wins FastPitch competition at Locations & Beyond Summit 2012.
  • Billhighway provides mobile donation services for Make A Difference animal rescue event.
  • Huffington Post features WattzOn among its best apps for tracking home energy use.
  • The Tennessean takes a look at the rebranding of Portfolio Football as Sports Lever.
  • LifeHacker quotes SmartCredit.com president of consumer education on credit and credit scores.
  • Betterment and PageOnce earn spots in TechCrunch's feature: "7 Apps That Will Keep Your New Year's Resolutions Alive".
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 Finovate-F-Logo.jpgMore than half of the companies recently highlighted in American Banker's "Top 10 Tech Companies to Watch" are Finovate Alumni.

Below are the six companies featured in the article, along with a link to their most recent appearance and product demo at Finovate.

Read the full article from American Banker here.
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  • American Banker lists Andera, Banno, BillFloat, BillGuard, Mortgage Harmony, and Lighter Capital as top 10 tech companies to watch in 2013.
  • ZDNet reports UBank gears up for mobile banking site with beta program.
  • Frost & Sullivan recognizes Virtual Piggy with the 2012 Global Frost & Sullivan Award for Entrepreneurial Company of the Year.
  • ProfitStars adds new protections against malware.
  • Sybase 365 and Globe Telecom partner to launch LTE roaming service with China Mobile.
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.jpgShares Magazine recognizes eToro for Best Use of Social Media.
  • Business Insider tours LearnVest's New York office.
  • American Banker reports: Artisans' Bank Chooses Andera's Account Opening System.
  • American Banker looks at how Banno's (formerly T8 Webware) Help Me Decide feature gives consumers an advantage when selecting which card to use.
  • Bazaarvoice completes $6.7 million financing related to acquisition.
  • Zions Bank and Access Development introduce mobile payments app.
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 Alumni Bring in Funding

Over the past month, we've had four Finovate alums receive funding. Here they are in alphabetical order:

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Banno
Funding: $2 million
Investors: Iowa Economic Development Authority's Innovation Acceleration Fund and private sector loan 
Funding total: $2.5 million
Funding purpose: Hire talent, upgrade data center infrastructure
Headquarters: Cedar Falls, IA
Founded: 2008
FinovateFall 2012 demo video

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Investors: Menlo Ventures, Bessemer Venture Partners, and Anthemis Group
Funding total: $13 million
Funding purpose: Improve the mobile experience, add better options for short term goals, and create new ways to encourage people to make the most of their money
Headquarters: NYC, New York
Founded: 2008

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Investors: VantagePoint Capital Partners, Baird Venture Partners, and other existing investors
Funding total: $54 million
Funding purpose: Expand reach of local offers technology
Headquarters: Nashville, TN
Founded: 2007

Thumbnail image for Fuze_Network1Logo.jpg
Investors: Ribbit Capital, Matrix Partners
Funding total: $5 million
Headquarters: Salt Lake City, UT
Founded: 2009

FinovateFall 2012 in the Press

Here's a look at the press coverage from FinovateFall 2012 held September 12 and 13 in New York:
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ABA Banking Journal
Bank Technologists Meet American Idol
by John Ginovsky

AdvisorOne
Stock Picking Goes Social as Stockr, aSpark Debut
by Joyce Hanson

American Banker
Apple Effect Evident at Innovator Gathering
by Mary Wisniewski

Dynamics Adds Another Option for Its High-Tech Cards
by Daniel Wolfe

Payfone Aims to Make Mobile Payments Pain-Free
by John Adams

PreCash to Debut Mobile Wallet for the Underbanked
by Daniel Wolfe

Reporter's Notebook: Day 1 FinovateFall Favorites
by Mary Wisniewski

The Top 10 Tweets of Finovate

Andera blog
Finovate Takeaway: User Experience in Retail Transactions
by Andrea Hunter

Bank Innovation
Finovate Fall 2012: Demo Performance Scores and Reviews
by JJ Hornblass

Wade Arnold, CEO of Banno, Presents Grip
by Phillip Ryan

Bank Systems & Technology
5 Hot Bank Technologies From FinovateFall 2012
by Bryan Yurcan

Banno Releases Updated Grip Product
by Bryan Yurcan

MasterCard Forms New Rewards Program Partnership with Linkables Networks
by Jonathan Camhi

Mobile Commerce Company Payfone Debuts Checkout Solution
by Bryan Yurcan

Business Insider
Financial Planning Startup LearnVest Already Has Millionaire Clients
by Alyson Shontell

The Business Review 
To save or buy is ImpulseSave's question

Celent
FinovateFall 2012 Recap
by Jacob Jegher

Consumer Reports 
Finovate Fall 2012: A solution to the mortgage crisis?
by Tobie Stanger

Finovate Fall 2012: Help with students' loans and seniors' bills
by Tobie Stanger

Finovate Fall 2012: Making, managing and keeping money
by Tobie Stanger

Finovate Fall 2012: Now maybe you'll switch banks
by Tobie Stanger

Contactless News
Dynamics unveils Triple Interface, battery-powered payment card

Credit Sesame Blog
Check Out the Newest Way to Measure Your Credit and Loan Health!
by Erin Renzas

CreditUnions.com
Finovate Dispenses Inspiring Ideas (Part 1)
by Aaron Pugh

Finovate Dispenses Inspiring Ideas (Part 2)
by Aaron Pugh

The Currency Cloud blog
Finovate NY - Video & Photo Diary
by Nasir Zubairi 

CU Soapbox
GUEST POST: Innovation Unveiled In The Big Apple
Alix Patterson

Daily Finance
A Digital Wallet for the Unbanked: Mobile Finance Goes Downmarket
by Ross Kenneth Urken

The Digital Mailer Blog
FinovateFall 2012: A Recap

Discerning Technologist
Best of Show Locked Up? @MoneyDesktop Demo At #Finovate
by Bradley Leimer

Dough Roller blog
The Best Way to Track Your Investments Online (and it's Free!)
by Rob Berger

Dwolla Blog
Dwolla at FinovateFall
by Caitlin

Financial Planning 
LearnVest Becomes an RIA, Plans to Hire Advisors
by Elizabeth Wine

Finextra
EToro launches social trading index

PreCash introduces mobile wallet for underbanked

Fintech Marketing blog
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY ONE
by William Mills III

William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY TWO
by William Mills III

FintechToday
TOP TEN AT FINOVATE 2012
by Walt Cox

Forbes blog
4 Great New Tools to Manage Your Money
by Richard Eisenberg

Gonzobanker Can Make FinTech Amusing
by Tom Groenfeldt

LearnVest Reinvests In Its Mission: Financial Planning For The 99%
by Meghan Casserly

If You Want to Really Raise Capital, Try This Company and Not KickStarter
by Mark Fidelman

The Problem with Finovate
by Helaine Olen

GigaOM
Forget Mint, LearnVest's new platform takes aim at financial planning industry
by Ki Mae Heussner

Locaid bolsters location service with IP address data
by Ryan Kim

Gonzo Banker
Vendor Dirt: 2012 Finovate Fall
by Scott Hodgins

Huffington Post Money Blog
Online Financial Planning: The Chilling Thing I Found Out About My 70th Birthday
by Catherine New

JP Nicols Blog
Finovate Fall 2012 Best of Show Winners
by JP Nicols

Keeping Nickels
My Tweets from #Finovate
by Nichelle Stephens

Moment NYC blog
Finovate Fall 2012: Less tech, more desire.
by Alexa Curtis

MyBankTracker
Dashlane: Finally Something that Might Actually Make Online Shopping Easier

Dynamics Introduces Card Capable of Swipe, EMV, Contactless Payments

Finovate Wrap-Up: What Can FinTech Do for You? Really?
by Willy Staley

Ideon Choice Unveils Platform for Customer-Created Savings Products

ImpulseSave: Another App to Help You Save

LearnVest Gets SEC Certified, Announces Mobile App, Upgrades
by Willy Staley

Linkable Networks, MasterCard Expand Card-Linked Offers
by Simon Zhen

Locaid: Enter the Digital Panopticon!

MoneyDesktop Connects PFMs Across Multiple Devices

mShift's AnyWhereMobile Wallet Actually Adds Value
by Willy Staley

New Technologies Are Coming for Unbanked, Underbanked
by Simon Zhen

PayTap Debuts Shared Bill Payment Portal

PreCash Announces FlipMoney at Finovate: Mobile Money for the Underbanked
by Willy Staley

SwitchAgent: Bank-Switching Made Easy
by Simon Zhen

Tuition.io -- It's a Pun, Get It?

The New York Times Blog
LearnVest Dips Its Toes Into Investment Advice
by Ann Carrns

Next Avenue
4 Great New Tools to Manage Your Money
by Richard Eisenberg

NYConvergence
FINOVATE: Mobile and Social FinTech Innovations Dominate
by Lauren Keyson

PandoDaily
The Consumerization of Life's Ickiest Chores Continues: LearnVest Injects Its Financial Planning Tools With Steroids
by Erin Griffith

PaymentEye
Payfone launches a mobile commerce checkout solution

PaymentsJournal 
MasterCard Keeps Investing in Rewards, This Time With Linkable Networks

PaymentsNews 
FinovateFall 2012 - Best of Show Winners

Payfone To Launch Mobile Commerce Checkout Solution

PayTap Launches Social Bill Pay Service

PreCash Introduces FlipMoney Mobile Wallet for Underbanked Consumers

The Paypers
Banno adds new features to Grip financial aggregation app

Payfone makes 1 Touch Checkout available, partners CardinalCommerce

PC World
New web apps tackle business finance problems
by Yardena Arar

PYMNTS
Banno Unveils New Features for Grip, Strengthens the Mobile Banking Standard with Pre-Transaction Insights

Silicon Prairie News
Banno unveils upgraded interface, new analysis tools for Grip
by Michael Stacy

Snarketing 2.0
SedUIced
by Ron Shevlin

Advice For Finovate Presenters
by Ron Shevlin

TechCrunch
Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You
by Sarah Perez

Dashlane's Password Management Service Now Alerts Users When Their Accounts May Be Hacked
by Sarah Perez

It's Not Just For Women Anymore: LearnVest Brings Financial - And Now Investment - Planning To Everyone
by Sarah Perez

Money Management Service Personal Capital Wants To Manage Your 401K
by Leena Rao

Telecompaper
Payfone launches m-commerce checkout service

Tier One blog
Finovate: Day One in Review
by Kathy Wilson

FinovateFall Part Two! All about Savings, Security and Slick New PFM Tools
by Sue Parente

The Next Web
eToro launches Social Trading Index for learning from other traders and sharing top techniques
by Jamillah Knowles

LearnVest launches redesigned tools, new financial plans and teases its upcoming iPhone app
by Harrison Weber

Thomson Reuters 
EPAM Systems and Thomson Reuters announced a partnership to develop and host an App Store solution

Upstart Business Journal
Financial planning, iPad app among best at Finovate
by Kent Bernhard, Jr

Get a 401(k), win an iPhone5
by Kent Bernhard, Jr 

LearnVest targets masses for professional financial advice
by Teresa Novellino 

No need to wait for crowdfunding
by Kent Bernhard, Jr

Personal Capital aims to disrupt 401(k)
by Kent Bernhard, Jr

Sci-fi meets finance at Finovate
by Kent Bernhard, Jr

VentureBeat
Financial planning for all: LearnVest gets its biggest update yet
by Devindra Hardawar

Locaid launches Internet and mobile location-tracking service
by Dean Takahashi

Be sure to check back because we'll add more coverage as it is published throughout the week.
Thumbnail image for BannoLogo3.jpg
Next, Banno (formerly T8 Webware) demonstrated new capabilities of Grip:

"Banno will unveil Grip's ability to provide insights before the transaction with its new, seamlessly integrated decision-support features and overhauled user interface."

Product Launched: September 2012 at FinovateFall

HQ Location: Cedar Falls, IA
Company Founded: March 2008
Metrics: $500k raised, 61 employees 
Website: banno.com
Twitter: @BannoHQ
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)

Introducing Wade Arnold (CEO) and Ben Metz (Lead Product 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.
__________________________________________________________________

Thumbnail image for AkamaiLogo.jpg
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

Thumbnail image for BannoLogo3.jpg
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

BlackhawkNetworkLogoSm.jpg
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

Thumbnail image for CKMackLogo2.jpg
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

EuronovateLogo.jpg
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

IdeonChoiceLogo.jpg
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

IDologyLogo.jpg
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

Thumbnail image for LeadfusionLogo.jpg
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

PlayMoolahLogo.jpg
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.jpgBanno's new solution eases cross-channel headaches for FIs.
  • Virtual Piggy's kid-friendly online payment platform.
  • ID Theft 911 partners with Cincinnati Insurance Company.
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 BannoLogo3.jpg

Today, mobile app and website provider,Banno (formerly T8 Webware), announced that all websites it develops will be optimized for any type of device, regardless of screen size.

Its new, responsive design format offers a single URL that reacts to screen sizes of online, mobile, and tablet devices. This device agnostic approach will help FIs prepare for multi-channel banking.

The new websites also save time on updates:

"Furthermore, the websites now have a live data feed that updates rates based on predetermined formulas, assuring that accurate rates are published across channels instantaneously without the man hours of monitoring and making adjustments previously required."

Banno also introduced dynamic website content. With this feature, the content that users see will change depending on the user's historical searches, clicks and preferences.

To learn more about Banno, watch its FinovateFall 2011 demo and come to FinovateFall next month to check out its new tech.

BannoLogo3.jpg

Iowa company, T8 Webware, announced today that it has changed its name to Banno to reflect the company's broadened focus on the digital channel.

It will be expanding beyond its first product, Grip (unveiled at FinovateFall 2011), and has plans to release additional products in the next 6 months.

Banno is not only growing its suite of solutions, but also its staff. In 2011, its number of employees grew by almost 30% and it plans to add over 20 employees in the next three years.

The unique name, Banno, comes from the imaginary friend of CEO Wade Arnold's son:

"During a conversation of trying to figure out finances, Arnold's son suggested he ask Banno, his imaginary friend. Asking Banno became the driving force behind Arnold's passion to solve financial problems."

This story illustrates the drive to have a clear understanding of finances and Arnold says its what drives the company.

BannoHomepage.jpgTo learn more about Banno, watch its FinovateFall 2011 demo.

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