IBM Launches Security Testing Services for IoT Developers

IoT technologies are on the rise– in fact, Gartner predicts that connected things will reach 20.4 billion by 2020. This flood of new capabilities comes with the need for enhanced security in a field where developers have hacked everything from self-driving cars to wifi-connected Crock Pots.

That’s why IBM announced yesterday that its security arm is launching testing services for the internet of things (IoT). The company’s Watson IoT offers configuration and management capabilities for IoT environments. The company also launched testing services for automotive security.

One of IBM’s designated research teams, the X-Force Red researchers, will deliver the testing service alongside the Watson IoT platform. IBM reports that 58% of companies only test their IoT apps during the production phase, which could possibly introduce vulnerabilities into existing systems. To combat this, the researchers are incorporating an added layer of security and penetration testing.

IBM describes the new cloud-based service as “programmatic, on-demand” testing that will occur “through the entire lifecycle” of IoT products. Clients of the Watson IoT platform can leverage the expertise of X-Force Red researchers throughout the process of development and deployment of IoT products.

Charles Henderson, Global Head of IBM X-Force Red said, “Over the past year, we’ve seen security testing further emerge as a key component in clients’ security programs.” Henderson added, “Finding issues in your products and services upfront is a far better investment than the expense of letting cybercriminals find and exploit vulnerabilities.”

Ayelet Avni, Senior Offering Manager of IBM Trusteer and Shaked Vax, Product Strategist of IBM Trusteer demo IBM Trusteer Rapport at FinovateSpring 2017

New York-based IBM was founded in 1911 and debuted its Customer Insight for Banking product at FinovateFall 2016. The solution uses predictive analytics and pre-built data models to help banks perfect customer segmentation models by analyzing transactions, spending behavior, and life events. The company’s security arm most recently demonstrated its Trusteer solutions. Ayelet Avni, Senior Offering Manager, and Shaked Vax, Product Strategist of IBM Trusteer, took the stage at FinovateSpring 2017 to debut how IBM Trusteer Rapport protects against phishing attacks.

Categories: IBM

FinovateAsia 2017 – Save Big with a Super Early-Bird Ticket!

Though we’re in the heat of summer, FinovateAsia 2017 is just around the corner. Tickets for the event are limited, and we’re on pace for a record setting attendance in Hong Kong.

We’ve already received a number of impressive applications from companies looking to present, so this year’s event is shaping up to be one you won’t want to miss. On November 7 & 8, we will showcase 36+ of the newest fintech innovations via our signature format that blends fast-paced demos with high-quality networking. Plus, for the first time ever, we’ll be expanding the event to two days to include deeper dives into the latest regional trends and macro issues affecting financial technology via keynotes, panels, and fireside chats interspersed throughout each day.

To give you an idea of the influential companies that attend Finovate, see below for just a few of those who joined us in 2016:

  • Accenture Japan
  • Alibaba
  • American Express
  • Ant Financial
  • ANZ
  • Apple
  • Arbor Ventures
  • Asia Times
  • Asian Private Banker
  • Barclays Bank
  • Blackrock
  • Celent
  • Citibank
  • Commonwealth Bank of Australia
  • Cyberport
  • Dah Sing Banking Group
  • DBS Bank
  • Deutsche Bank
  • Envestnet
  • EY
  • Fidelity
  • Finstar Labs
  • Fintechnews Singapore
  • Forrester
  • Goldman Sachs
  • Google
  • Hang Seng Bank
  • Hitachi Systems
  • Hong Kong Monetary Authority
  • HSBC
  • Invest Hong Kong
  • J.P. Morgan
  • KPMG
  • MasterCard
  • Maybank
  • Nasdaq
  • PricewaterhouseCoopers
  • Rakuten Fintech Fund
  • Standard Chartered Bank
  • The Asian Banker
  • The Stock Exchange of Thailand
  • Thomson Reuters
  • TMB Bank
  • Wells Fargo
  • Wall Street Journal

If you’re interested in joining them to watch the future of financial and banking technology unfold live on stage, then get your ticket by this Friday to lock in your spot at the low, super early-bird rate of $400 off. That said, if you can’t wait until November for your next fix of fintech innovation, we do have tickets left for FinovateFall 2017 (September 11 through 14 in New York).

Hope to see you at a future event soon!

FinovateAsia 2017 is sponsored by: Invest Hong, and more to be announced.

FinovateAsia 2017 is partners with: Aite GroupBankersHubBanking TechnologyBreaking BanksCelentFemTechFinancial ITFintech FinanceHolland FintechIBS IntelligenceMercator Advisory GroupOvumThe PaypersPlug and Play, and SME Finance Forum.

Finovate Alumni News


  • IBM Launches Security Testing Services for IoT Developers.
  • TickSmith Lands $2 Million Investment from Illuminate Financial.
  • Layer’s New Messaging Design System Helps Create Perfect Conversational Experiences.

Around the web

  • Vantiv partners with Columbia Bank to provide new payment services to business customers.
  • Commerce Bank to offer AP and AR automated service, CashFlow Complete, powered by
  • Xero and Recurly team up in new integration that combines subscription management with cloud accounting.
  • Fintech Supercharger features an interview with Roman Stanek, Founder and CEO, GoodData.
  • BARC Score Data Discovery identifies MicroStrategy as a ‘Market Leader’ ranking #1 in “Platform Capabilities”
  • Chicago Tribune column on savvy saving highlights MaxMyInterest.
  • Village of Palos Park Introduces Passport’s Parking 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.

Alex Foster of BT Advises Women in Fintech: Don’t Wait to Become a Leader

This article was first published on FinTech Futures on May 18th 2017.

Alex Foster Adding to our stellar line up of leading women in fintech, we speak to Alex Foster about how she has become Head of Insurance & Finance Sector & Post Trade Services at BT, and what she would suggest if you were just starting out as a woman in tech.

How did you start your career?

I always had a fascination by what makes the cogs turn in the financial markets world. I started my career on the trading floor — initially working in sales trading which was at that time more voice-based.  Over time, the markets started to morph and automation and algorithms evolved.  With this “electronification” of the markets came the need for more than just traditional trading skills.  The role started to require greater market understanding, as well as market structure and technology knowledge.

To have a true understanding of how things work, I developed an appreciation of the effect of technology, such as the impact of proximity and algorithms.

My current role is at BT, a move I made to get a better view as to what was “under the bonnet” of the infrastructure underpinning the global financial markets. I’ve found this has made my skill set more rounded. I’ve been able to provide first-hand knowledge of customer requirements. This helps us to develop technology solutions that anticipate the needs, and support the aspirations of, the full spectrum of BT’s financial services customers.

What sparked your interest in fintech?

I have always enjoyed the tech side of financial markets and have always strived to act as an agent of positive change. Fintech has so much potential to deliver new ways of working. The possibilities that can evolve from a perfect synergy of new technology, collaboration, and regulation are incredibly exciting.

Consider the process: new regulation comes in, start-ups develop the necessary technology to manage it, and collaboration between firms sees the process through. Fintech is an integral tool for moving financial markets forward.

What was your lightbulb moment?

My light bulb moment came about four to five years ago, when I began working with bankers, some who were friends, leaving their traditional roles on the trading floor to create new and exciting fintech, regtech, and insurtech companies. As we know, these start-ups are a growing source of innovation in the financial markets industry. But their small size can create challenges around market adoption, delivery, and meeting the stringent contractual or compliance expectations of large financial institutions. We started to work with these companies to help them scale-up to obtain a global reach. I realized the monumental impact that these technologies and fintech firms could achieve when the right partnerships are in place.

What inspires you?

I find the drive and nerve that start-ups have when they decide to give their idea a go very inspiring. That willingness to try something different is so exciting because you see human ingenuity, courage and hard work at its finest.

At BT, I see so much innovation first hand. I also get involved with this as a non-executive director or simply as a noisy advisor. From these positions, I get to see the talent that it takes to take an idea and make it grow. The absolute focus you need to achieve this is exemplary.

Why is the #WomenInTech movement important?

The digital age is here and with it we can already see that new technology will pervade every part of our global economy. STEM is a big part of this growing field and one where more top talent is needed, but where female representation is still too low.  It’s so important that we see more girls taking STEM subjects in their school years. And it’s equally important that we attract, retain, develop, and progress female talent in these careers.

At a personal level, I have always loved tech – my school was one of the first that offered a Computer Studies O Level and it has been a huge part of my professional life. And I studied mathematics, statistics, and computing at university. That’s why the movement is so important; it encourages women to take up the opportunities which have made such a difference to me.

I’m encouraged to see that this is actively promoted at BT through initiatives like Step into Stem and BT TechWomen which aim to increase the presence of women in technology. Again, partnerships are essential – we are working with a number of our clients, start-up hubs, schools and business partners realise our ambitions together.

What piece of advice would you give women starting their careers in FinTech?

Make sure you have great mentors, both within your firm and externally. Never be afraid to ask questions, this will help you to continue to learn and flourish. Don’t wait to become a leader – start this at whatever stage of your career you are in. And finally, always aspire to be the leader that you yourself would want to follow.

Throughout the year we will be profiling women in fintech, not simply to celebrate their success but also to hear what has worked for them during the course of their careers. Click here to read more inspirational stories from fintech’s leading women >>

Microblink’s Photopay Expands to New European Markets

Photopay, the payment receipt scanning solution from Best of Show winner Microblink, is now available in more countries including France, Norway, Spain, and Sweden. The news is the latest step in Microblink’s European expansion – begun four years ago – and brings the company’s data extraction technology to an even wider range of SME customers.

In a blog post discussing the news, Microblink pointed to the way Photopay improved the UX for banking app users. The company cited a case study with Erste Bank that realized a 100x increase in the number of mobile banking transactions and and 30x increase in mobile banking transactions as a share of all transactions. Erste Bank also reported an increase of 160% in the number of its mobile banking users. In addition, Microblink highlighted a European bank that credited Photopay for the high marks its mobile banking app received. “More than 40 renowned European banks have recognized the value photopay provides in terms of UX,” the blog authors wrote.

Pictured: Microblink Co-Founder and SMD Izet Ždralović demonstrating BlinkReceipt at FinovateSpring 2017.

Photopay leverages optical character recognition technology (OCR) to capture data from payment slips and receipts, removing manual data entry – and the potential for error – from the process. Photopay also offers an automatic field-by-field scanning feature that makes it easy to more accurately extract data from unstructured sources including small business invoices. The real-time technology operates locally on the user’s mobile device and does not require an internet connection to work. Photopay is available as an SDK that can be easily integrated into existing banking apps and fully customized into a white-label solution that’s virtually invisible to the user.

Founded in 2013 and headquartered in London, U.K., Microblink demonstrated its BlinkReceipt solution at FinovateSpring 2017, taking home Best of Show honors. Earlier this month, Zagrebačka banka, the largest bank in Croatia, announced that its mobile app would feature portrait and document scanning technology provided by Microblink. In addition to Photopay and BlinkReceipt, Microblink offers SDKs that add ID scanning (BlinkID), barcode scanning (pdf417), and general purpose data scanning (BlinkInput) to mobile apps. The company, which launched the popular, free Photo Math app in 2014, includes Cherubic Ventures among its investors. Damir Sabol is founder and CEO.

JP Morgan Chase’s Startup Portfolio with CFSi

JP Morgan Chase is more than halfway through its 5-year $30 million commitment to startup innovation in its partnership with CFSi’s FinLab. Each of the past three years, fintech startups have been invited to apply to the accelerator which is focused on finding financial solutions for low- and moderate-income consumers (for example, this year’s challenge).

So far, CFSi/Chase have invested $250,000 each in 24 for-profit companies for a total of $6.0 million (notes 1, 2). In addition, they’ve made two grants totalling $500,000  The investments (note 3) were made in June 2015, June 2016, and this month, so it’s too early to see how well the venture is at picking winners (official rules here).

We do know that two of last year’s class are already out of business, Bee and Remedy, a surprising result for companies winning a quarter-million investment from the third largest bank in the world just 12 months ago. On the other hand, the class of 2015 already has six early winners from the 9 investments (below), so things look good overall:

  • Digit, the impulse savings app which has raised $36.5 million
  • LendStreet, a marketplace-lending platform which has raised $28.25 million
  • Ascend, the loan management service, which has raised $12.75 million
  • Even, the income smoothing service, which has raised $12.25 million
  • SupportPay, the child-support management app, which has raised $7.1 million
  • Propel, the food-stamp support app, which has raised $5.4 million

Since the average investment is just 12 month’s old, it’s too early to judge CFSi/Chase’s seed-stage investing prowess. And that isn’t even the primary goal of the joint program with CFSI. But it’s always nice to turn a profit while doing good. Based on the excellent performance of its first class, we estimate that the venture is already sitting on a paper gain in excess of $1.5 million (note 3) across the 21 for-profit companies still in business, a 50% total gain on an average of $3 million invested. And they may have had some return of capital with the acquisition of Prism by PayNearMe.


Total Return (2015 to 2017)

Total invested: $6.0 million in 24 companies (note 2)

Total grants: $500,000 in 2 non-profits (note 3)

Total returned: 1 exit, unknown valuation

Total market value: $7.5 million+ (note 4)

Paper gain: $1.5 million+ (50% total gain on average of $3 million invested from July 2015 to date)


Results by cohort:

2017 Investments

Total invested: $2.0 million

Total market value: $2.0 million

Paper gain/loss: $0

Blueprint Income: Creating the future pension – a simple, pre-determined income stream backed by insurance companies.

Total funding: $250,000

DavePredicts your “7-day low” checking account balance and offers advances on your paycheck at 0% interest to help prevent overdraft.

Total funding: $3.25 million

EverSafeMonitors seniors’ bank and investment accounts, credit cards and credit reports — serving as an extra set of eyes to detect fraud, scams, and identity theft.

Total funding: $250,000 (Finovate alum)

Grove: Personalized, comprehensive financial advice that is accessible and affordable.

Total funding: $250,000

Nova: World’s first cross-border credit reporting agency by building data partnerships across the globe.

Total funding: $250,000

Point: Home-equity platform giving homeowners cash today for a share of their home’s future appreciation.

Total funding: $250,000

Token TransitMobile app to quickly and easily pay for public transportation.

Total funding: $250,000

Tomorrow: Providing long-term financial security to busy millennials and working families.

Total funding: $2.85 million


2016 Investments

Total $ invested: $2.0 million + $250,000 non-profit grant

Total $ returned: 2 startups shut down, assume $0 return to investors

Total market value: $1.5 million

Paper gain/loss: ($500,000)

Albert: Mobile app that improves financial health with practical, actionable financial recommendations.

Total funding: $2.85 million

Value to Chase/CFSi: $250,000+

Bee: Mobile banking alternative to the under/un-banked (In process of shutting down)

Total funding: $4.85 million

Value to Chase/CFSi = $0

Earn: Non-profit leveraging technology to solve America’s savings crisis.

Total funding: $250,000

Value to Chase/CFSi: $0 (non-profit grant)

EarnUp: Platform that intelligently automates loan payments and identifies earning opportunities for the 200 million indebted Americans.

Total funding: $3.25 million

Value to Chase/CFSi: $250,000+

CreditHero: eCreditHero helps consumers fix their credit report errors for free.

Total funding: $250,000

Value to Chase/CFSi: TBD

Everlance: App for freelancers to automatically track their business miles and expenses.

Total funding: $250,000

Value to Chase/CFSi: TBD

RemedyProtects people from medical bill errors and overcharges, saving the average family over $1,000 per year (shut down 14 July 2017)

Total funding: $2.15 million

Value to Chase/CFSi: $0

ScratchModern-day loan servicer that delivers a borrower-first experience.

Total funding: $250,000

Value to Chase/CFSi: TBD

WiseBanyan: Free financial advisor.

Total funding: $250,000 (Finovate alum)

Value to Chase/CFSi: TBD


2015 Investments

Total invested: $2.0 million + $250,000 non-profit grant

Total returned: 1 exit, unknown valuation

Total market value: $4 million+

Paper gain: $2 million

AscendReduces risk on current loans and rewards the borrower by lowering interest payments for positive financial behaviors.

Total funding: $12.75 million

Value to Chase/CFSi: $500,000+

DigitAutomated savings tool that identifies small amounts of money that can be moved from checking into savings based on spending habits.

Total funding: $36.5 million

Value to Chase/CFSi: $1 million+

EvenTurns the inconsistent income of hourly and part-time workers into a steady salary.

Total funding: $12.25 million

Value to Chase/CFSi: $500,000+

LendStreetMarketplace-lending platform that helps borrowers reduce their debt and rebuild their credit.

Total funding: $28.25 million

Value to Chase/CFSi: $1 million+

PayGoalNon-profit workplace tool that enables financially underserved workers to improve their financial health.

Total funding: $250,000

Value to Chase/CFSi: $0 (non-profit grant)

PrismComprehensive bill payment and management app that helps people better manage their personal finances. In early 2016, Prism was acquired by fintech company PayNearMe.

Total funding: $3.8 million

Value to Chase/CFSi: Exited at unknown price

PropelSimplifies the food stamp application process by streamlining the initial enrollment form.

Total funding: $5.4 million

Value to Chase/CFSi: $500,000+

PuddleReduces risk on current loans and rewards the borrower by lowering interest payments for positive financial behaviors.

Total funding: $250,000

Value to Chase/CFSi: TBD

SupportPayAutomated payment platform that enables parents to share child expenses and exchange child support.

Total funding: $7.1 million

Value to Chase/CFSi: $500,000+


Author: Jim Bruene is Founder & Senior Advisor to Finovate as well as Principal of BUX Advisors, a financial services user-experience consultancy. 


  1. We only know that Chase is a “founding partner” in the $30 million effort. We don’t know if Chase is the sole investor, or merely the lead. And we don’t know what happens with any investment gains, whether they go back into CFSi’s balance sheet or accrue to Chase and any other investors involved.
  2. It appears that the companies are each offered a $250,000 convertible note. But we don’t know the overall terms, how many companies accept the financing, or if they are all $250,000. For the sake of this post, we are assuming everyone takes the full $250,000. We also don’t know if Chase is earmarking part of the $30 million commitment for add-on investments. So far, there are no public record of add-on investments in the 26 companies.
  3. Non-profits receive restricted grants of $250,000.
  4. Since none of the companies have revealed valuations in their subsequent financings, to value Chase’s stake, we are assuming a 2x valuation on A-rounds and a 4x valuation on B-rounds.

Finovate Alumni News


  • Microblink’s Photopay Expands to New European Markets.

Around the web

  • Daon and Experian talk about fighting fraud with biometric technology on CNBC’s Squawk Box.
  • Let’s Talk Payments interviews Yodlee’s Terry McKeown on managing credit risk.
  • Banking Exchange profiles alternative lender, PayActiv.
  • The Silicon Review features Vantiv Head of Product for Integrated Payments, Moin Moinuddin.
  • FintekNews sits down with Unison Co-CEOs Thomas Sponholtz and Jim Riccitelli to discuss shared real estate investing.
  • Tesobe organizes cross-industry payments hackathon in Australia – Aug 11 thru 13th.
  • CRN names Veridium on its list of 2017 Emerging Vendors.
  • Total and Worldline Partner with Africa-based InTouch to help deploy Guichet Unique, a digital solution for retail networks.

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.

DoubleNet Pay Garners $4 Million Investment

Financial wellness company DoubleNet Pay closed $4 million in Seed funding today. The investment, which marks the Atlanta-based company’s first round of funding since it was founded in 2013, comes from TTV Capital and Fuqua Investments.

The 12-person company will use the funds to boost product development and bolster sales. To help fuel this growth, the company hopes to add up to 40 employees in the next year.

DoubleNet Pay aims to help the half of U.S. workers who do not have $500 saved for an emergency. With DoubleNet Pay, users build their savings by automatically deducting funds from their paycheck and depositing them into a savings account from which the funds can be withdrawn at any time. The platform is helping users save an average of $37 per pay period. DoubleNet Pay CEO Brian Cosgray said, “We automate emergency savings contributions on payday, similar to how 401(k) accounts are funded, or payroll taxes and health insurance premiums are paid.”

The company takes a B2B approach by selling its software to businesses to offer to their employees as a workplace benefit. “We found that employers are the best way to reach the people that need our help the most,” Cosgray said. “Most people’s only investment account is through the employer through their retirement plan.”

At FinovateSpring 2015, the company showcased its savings empowerment platform. In 2016, the company earned a spot in Plug&Play’s accelerator program. Earlier that year, DoubleNet Pay’s CEO Brian Cosgray was selected as an EBN Top 50 Benefit Technology Innovator.

Klarna Announces Strategic Investment from Permira

Less than a month after announcing strategic fundings from Visa and Brightfolk A/S, Klarna is back in the fintech headlines with news of a new strategic investment from a partnership advised by global investment firm, Permira. The partnership will acquire shares from a trio of existing shareholders – DST Global, General Atlantic, and Niklas Adalberth – in a transaction that will leave Adalberth as the only equity shareholder of the three. TechCrunch reports that the deal is worth between $225 million and $250 million, and estimates a valuation of $2.5 billion. They note further that Klarna has raised “somewhere in the region of $500 million in the last 7 weeks.”

Klarna CEO and co-founder Sebastian Siemiatkowski (pictured) put the new investment in the context of its recent brand new banking license, referring to the company’s growth from an innovator in enhancing the shopping experience to “a consumer-oriented and technology intensive bank.” Permira principal Andrew Young echoed Siemiatkowski’s sentiments, calling the company a “unique scale fintech innovator” for its work in e-commerce. “We see many vectors that will drive future success and with Sebastian, we look forward to supporting the company’s future organic, geographic, and acquisition growth strategies,” Young said.

Headquartered in Columbus, Ohio, Klarna demonstrated its technology at FinovateSpring 2012. The company provides payment solutions for 60 million consumers and 70,000 merchants transacting across borders. Participating in 18 markets around the world, Klarna supports direct payments, pay after delivery, and installment plans via a single-click “purchase experience” that gives shoppers a wider range of payment options. Founded in 2005 in Stockholm, Sweden, Klarna noted 50% growth in recorded transaction volumes in 2016 – including partnerships with 17,000 new merchants.

New Investment Boosts Betterment Valuation to $800 Million

It’s a Funding Friday here at Finovate! In addition to news of a strategic investment in Klarna, and new funding for credit scoring startup, and DoubleNet Pay’s latest investment, we learn today that robo advisor Betterment is now that much closer to achieving unicorn status – courtesy of a $70 million investment from Sweden’s Kinnevik. The investment takes Betterment’s total capital to $275 million, and gives the robo advisor a valuation estimated at $800 million.

Praising the “strong partnership” between his firm and Kinnevik, Betterment CEO Jon Stein said that the investment will enable the company to “continue to build products that put even more money back in our customers’ pockets. The Kinnevik-led round, an extension of Betterment’s Series E from last year, featured participation from existing Betterment investors, Bessemer Venture Partners, Francisco Partners, and Menlo Ventures.

Senior Investment Director for Kinnevik, Chris Bischoff explained the nature of the extended Series E, saying that his firm’s approach was to “(invest) over multiple rounds into high-performing technology-enabled companies.” He added, “after a year of investment, we saw additional opportunities for growth and proposed the financing to Betterment. We are excited about the opportunity to deepen our relationship.”

Betterment CTO Dustin Lucien during his presentation with Quovo co-founder and CTO Michael Del Monte (not pictured) at FinDEVr New York 2016.

The news from Betterment arrives on the heels of the company’s launch of its Socially Responsible Investing (SRI) Portfolio. SRI enables investors to grow their capital while avoiding investments in companies whose products, services, and overall corporate behavior are considered to have a “negative social impact.” Instead, as VP of Financial Advice and Planning Alex Benke explained at the Betterment blog, “companies deemed to have strong social responsibility practices, such as Microsoft, Google, Proctor & Gamble, Merck, CocaCola, Intel, Cisco, Disney, and IBM may make up a larger portion of the SRI portfolio.”

A year ago, Betterment celebrated more than $5 billion under management. Today, the robo advisor boasts of nearly $10 billion AUM. In addition to its fully-automated, algorithm-managed investment portfolio, Betterment unveiled a new hybrid robo advisory service in June that includes either annual or unlimited check-ins with Betterment’s team of certified financial planners. Stein told Bloomberg Markets the company would use the new capital to grow the hybrid service, in particular.

Founded in 2008 and based in New York City, New York, Betterment demonstrated the Multiple Goals feature of its platform at FinovateFall 2011. More recently, the robo advisor joined Quovo at FinDEVr New York 2016, where Betterment CTO Dustin Lucien and Quovo co-founder and CTO Michael Del Monte presented “The Power of Aggregation Demonstrated by Quovo and Betterment.” The firm was named to CB Insights Fintech 250 list last month – along with 43 of its fellow Finovate/FinDEVr alums. We featured the robo advisor in our look at Passive Investing in our Savings Tech Horizon series this spring.