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Alumni News-- November 11, 2014

  • Finovate-F-Logo.jpgLinkable Networks Raises $8 Million for Card Linked Offers Platform.
  • Coinbase integrates with Openfolio to create transparency in who is investing in Bitcoin.
  • Cachet Financial Solutions Launches Enhanced Select Business Solution.
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-- October 8, 2014

  • Finovate-F-Logo.jpgXpenditure brings in $1.25 million in funding.
  • Pymnts interviews Mike Laven, CEO of Currency Cloud.
  • WePay launches WePay Clear to powers payments invisibly from the backend.
  • TSYS upgrades CentreSuite, its online self-service solution for commercial cardholders.
  • LSC deploys Cachet Financial Solutions' Select Mobile Money Platform for LSC's CU Money prepaid card users.
  • Investment News features Personal Capital.
  • Actiance integrates with PeopleLinx to facilitate social media adoption.
  • Hospitality Marketing Concepts selects Arroweye Solutions to deliver personalized rewards cards and welcome kits.
  • Top Image Systems announces relocation of TIS America's headquarters to Plano, Texas.
  • In a funding round led by CME Group, Dwolla raised $9.7 million in new 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.
CachetFSlogo
This post is part of our live coverage of FinovateFall 2014.

Cachet Financial Solutions demonstrated how financial institutions can offer their prepaid cardholders a mobile app:

"Cachet's Select MobileMoney enables financial institutions to offer their prepaid cardholders a full suite of financial services in one easy-to-use mobile application. Expedited bill pay, remittance, card to card transfer, mobile deposit and other key financial services are available to the prepaid cardholder anywhere and anytime, eliminating the inconvenience and cost of accessing multiple providers for everyday financial services. 

A key differentiator, Select MobileMoney's powerful backend analytic tools enable prepaid card providers to monitor mobile app usage, segment cardholders based on behavior and keep them engaged by sending push notifications with relevant marketing offers linked to their behavior."

Presenting: Youri Bebic, SVP Mobile Innovations and Kimberly Timmons, Relationship Manager
CachetFSHomepage
Product Launch: October 2013
Metrics: More than $35M raised since inception, 58 employees, went Public in July 2014 
Product distribution strategy: Through financial institutions, through other fintech companies and platforms

HQ: Minneapolis, MN
Founded: 2010
Twitter: @CachetFinancial

Alumni News-- September 10, 2014

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

    Alumni News-- September 5, 2014

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

    Alumni News-- August 8, 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.jpgTransferWise earns a spot on Wired UK's list of the "100 hottest start-ups" in Europe for 2014.
    • TMC Net takes a look at CU of America's deployment of mobile banking solutions from Malauzai Software. See Malauzai at FinovateFall 2014 in New York.
    • First Access Funding Corporation to deploy loan origination system (LOS) from defi SOLUTIONS.
    • MasterCard Indonesia launches e-commerce initiative.
    • Intuit acquires PaySuite, bringing cloud-based payroll services to Quickbooks.
    • American Banker: Authentify introduces extension of xFA called Smart Choice to determine authentication mechanisms the user's device has access to.
    • Cachet Financial Solutions and Contact Solutions bring Mobile Customer Care to Prepaid Clients.
    • CNBC looks at how LearnVest, Tuition.io, and ReadyForZero are making student loan payback easier.
    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-- August 1, 2014

    • Finovate-F-Logo.jpgStartup Daily: Startups leverage Xero's API as part of their growth hacking strategy. Check out Xero's API up close at FinDEVr in San Francisco September 30 - October 1.
    • Expensify grows from 24 employees in January to 45 employees in July.
    • Cachet Financial Solutions receives allowance for patent that covers aspects of its RDC platform to deposit bank checks using their Apple desktop, laptop or mobile device.
    • PlayMoolah's WhyMoolah launches Act 2 to enable gamers who completed Act 1 to play out their lives from age 35 to 55.
    • ZipZap raises $1.1 million in new funding.
    • Your Mark on the World interviews AdaPia d'Errico, Chief Marketing Officer for Patch of Land. See Patch of Land demo at FinovateFall 2014 in New York.
    • defi Solutions CEO Stephanie Alsbrooks talks loan origination in Non-Prime Times.
    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-- July 23, 2014

    • Finovate-F-Logo.jpgTaulia raises $27 million in series D funding.
    • CU Service Network partners with Insuritas to generate fee income for credit unions.
    • Cachet Financial Solutions partners with top five commercial bank in the U.S. to implement a prepaid mobile platform for supermarket chain.
    • BioCatch raises $10 million in Series A round. See them demo at FinovateFall 2014.
    • Malauzai Software partners with Trusteer to bring mobile security solutions to Customers Bancorp. Join Malauzai in New York in September for FinovateFall.
    • Place2Give launches MyPlace2Give.com to enable individuals to set up their own charitable giving fund.
    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 CachetLogo.jpg

    Guess who quietly just went public?

    Cachet Financial Solutions announced the pricing of its initial public offering this week. The remote deposit capture (RDC) and mobile wallet solution provider will trade on the OTCBB under the ticker, CHTF CAFN (see update below). Four and a half million shares priced initially at $1.50 have been made available to the public.

    Update: Cachet Financial Solutions changes their ticker symbol to CAFN.

    Late in trading on Thursday, shares were up more than 1%.
    Cachet_financial_homepage
    The goal of the offering is to raise as much as $7.7 million (if an over-allotment option is fully exercised; closer to $6.7 million). Northland Capital Markets is the book-running manager for the IPO, with The Benchmark Company and MLV & Co. serving as co-managers.

    Cachet's SEC filings provide some insights into the company's finances - at least as of this spring. Cachet Financial Solutions' revenues of more than $476,000 for the three months ending March 31, 2014 were up more than 145% from the same period a year ago. A comparison of Cachet's net losses between the two periods reflects similar improvement, with the company trimming its losses by more than 53%. As of March 31, Cachet had more than $91,000 in cash and cash equivalents.

    Known for its RDC and mobile money management solutions, Cachet Financial Solutions is a cloud-based, software-as-a-service innovator. With recent deployments at Navy Federal Credit Union, FirstView LLC, and The Bancorp Bank in just the past month, Cachet Financial is taking advantage of the growing interest among banks and FIs to provide better experiences for their customs via technology.

    Founded in 2010 and headquartered in Minneapolis, Minnesota, Cachet Financial Solutions demoed its technology at FinovateFall 2012 in New York. See a video of the company on stage here.

    Alumni News-- July 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.jpgOptimal Payments announces partnership with Oink.
    • Braintree releases v.zero SDK, featuring support for Pay with PayPal.
    • Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.
    • Segmint named a Preferred Vendor of MAGNET Global Network.
    • Holvi preps to launch into Irish marketplace.
    • doxo named one of Washington State's 100 Best Companies to Work For 2014 by Seattle Business magazine.
    • Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.
    • Cachet Financial Solutions prices Initial Public Offering.
    • DoubleBeam's GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping 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.

    Alumni News-- June 25, 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.jpgKreditech raises $40 million in series B round.
    • Charge! LoopPay launches its iPhone ChargeCases.
    • Fiserv announces new partnerships and renewals with four credit unions.
    • Navy FCU chooses Select Mobile Money prepaid mobile app from Cachet Financial Solutions.
    • P2Binvestor adds three Colorado companies to its portfolio in June.
    • Ian McKenna examines how Yseop's artificial intelligence can help financial advisors.
    • Vaamo launches Goal-Based Savings Platform on Invite-Only Basis.
    • Oink (formerly VirtualPiggy) and SafetyPay partner to enable Oink to accept local payments as they expand into Europe and Latin American markets.
    • ReadyForZero launches API to enable partners to deploy its debt-management platform on their own sites.
    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 13, 2014

    • Finovate-F-Logo.jpgAstroPay launches Ripple LatAm, a licensed money service business to use Ripple Labs' payment network.
    • Ron Shevlin looks at Credit Agricole's bank-run mobile app store.
    • FirstView selects Cachet Financial Solutions to develop a prepaid mobile app to offer to FirstView cardholders.
    • Financial Review: James Packer, Lachlan Murdoch eye stake in peer-to-peer lender SocietyOne.
    • Jumio brings NetSwipe to the mobile web for companies without a native app.
    • PayPal rolls out PassPort to give merchants a resource for stats, tips and general information on selling internationally.
    • Zopa wins Most Trusted Loan Provider and Most Trusted Specialist at 2014 MoneyWise Customer Service Awards.
    • Thinking Bigger features the team from EyeVerify.
    • Green Dot announces new GM of GoBank, Joshua Goines.
    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.jpgCommercial collection agency DAL is the first partner to go live with Cortera Open Receivables.
    • The Bancorp Bank implements Cachet Financial's CheckRisk Pro, a tool for mitigating risk in remote deposit capture programs for financial institutions and credit unions.
    • CardFlight to use Apple's Touch ID to give merchants an easy way to sign into mobile POS app.
    • Financial services provider, SHAZAM Network, collaborates with D3 Banking to provide omnichannel SaaS solution.
    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.jpgBoku partners with Deutsche Telekom to power the MNO's payments offerings, provide it with a mobile app, and give customers the ability to pay for digital goods and services simply using their existing mobile phone account.
    • ProfitStars named among the 2014 Best Places to Work in Kentucky.
    • American Banker: Andera Acquisition to Bolster Bottomline's Digital Banking Business.
    • Cachet Financial Solutions files initial registration statement with the SEC looking to raise $20 million through a public stock offering.
    • MasterCard Accelerator for European startups announces May 16 deadline.
    • Motif Investing raises $35 million in move toward wealth management market.
    • RevolutionCredit announces $10 million investment from Accion Venture Labs.
    • Coinbase's acquisition of Kippt to bring usability to bitcoin.
    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.jpgTSYS partners with Virgin Money to provide consumer credit processing services for UK customers.
    • Cachet Financial Solutions appoints Darin McAreavey as EVP and CFO.
    • Prosper to cross the $1 billion mark in personal loans originated through its platform next week, hosts giveaway.
    • Tech Zulu interviews Trustev after the company's win at SXSW Accelerator.
    • Jumio to help form Identity Security Network with eight leading Bitcoin exchanges.
    • InComm's corporate B2B store enables retailers to streamline management of corporate gift card sales.
    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 CachetLogo.jpg

    Finovate alum Cachet Financial Solutions (FinovateFall 2012) has announced its acquisition of Moneto, the prepaid mobile platform, from another Finovate alum, DeviceFidelity.

    Calling prepaid "one of the fastest growing financial product sectors," Cachet CEO and President Jeffrey Mack said, "This acquisition is a perfect complement to Cachet's current RDC mobile prepaid offering and demonstrates our strategic evolution to a more comprehensive mobile offering.

    While Moneto is the main prize in the acquisition, there is more to the package than the prepaid mobile platform alone. Cachet Financial will also gain a core VISA prepaid mobile money platform, and strategic relationships with partners like Navy Federal Credit Union, MasterCard, and Moneygram.

    The Moneto platform provides clients with a variety of features including:
    • card loading
    • card balance and history
    • loyalty and rewards
    • person-to-person (P2P) transfers
    • expedited bill pay and remittance
    • instant "Good Funds" to load card by check
    DeviceFidelityLogo.jpg
    Moneto also enables contactless payments for both iOS and Android smartphones. The mobile app allows the user to access his or her prepaid card from their mobile device, as well.

    Cachet Financial is known for its remote deposit capture (RDC) technology, which leverages technology from Mitek (yet another Finovate alum) to provide solutions for financial institutions, credit unions and consumers alike. The company is based in Minneapolis, Minnesota, and was founded in 2010.

    See DeviceFidelity demo moneto in the video from the company's FinovateSpring appearance in 2012 here.

    Finovate Alumni News-- March 12, 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.jpgFiserv digital banking solutions to be deployed at Finger Lakes Federal Credit Union.
    • ACI Worldwide launches latest version of UP BASE24-eps to enable "any-to-any" real-time payments.
    • Market Platform Dynamics CEO Karen Webster interviews Aron Schwarzkopf, CEO of Leaf.
    • The Guardian ranks Toshl among its top ten free apps for students.
    • Fiserv and MasterCard reach agreement to support adoption of debit EMV technology.
    • PromotedApp features VerifyValid's multi-purpose, electronic checkbook.
    • TechCrunch: SigFig hires Financial Engines exec Steve Lifgren to build out its operations team.
    • The Start reports: Revenue loans like the ones from Lighter Capital are new way for tech firms to raise cash.
    • Actiance launches Socialite Feature Control, a new licensing option, in response to SEC ruling.
    • Credit Sesame launches premium services to better protect people's credit and identity.
    • Cachet Financial Solutions acquires prepaid mobile platform business unit from DeviceFidelity.
    • Top Image Systems launches MobiREMIT, mobile remittance processing to streamline and accelerate payment processing.
    • Guide Financial to provide software for the more than 300 advisory firms in the Garrett Planning Network.
    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.jpgDMG Consulting ranks NICE as the speech analytics market share leader for the fifth consecutive year, and as the contact center WFO market share leader for the first half of 2013.
    • Cachet Financial Solutions partners with YellowPepper to bring mobile deposit technology to Latin American Marketplace 
    • Midway Sewer District launches on doxo; more than 8% of customers go paperless in the first 90 days.
    • See BehavioSec's Best of Show winning demo from FinovateAsia 2013.
    • Pymnts.com talks with Jonathan Hancock of TSYS on curbing card-not-present fraud.
    • Sage adds daily spending limits, funding rules to their Business Prepaid Visa Card mobile app.
    • American Banker reports: Lending Club Targets Small Banks with Personal-Loan Push http://bit.ly/19CcyQq
    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.jpgUS Storage Centers and PayNearMe unveil convenient electronic cash payments for self-storage tenants.
    • Actiance expands partnership with ZL Technologies to deliver enterprise and public social data into unified archive.
    • Blackhawk Network to acquire InteliSpend Prepaid Solutions.
    • Cachet Financial Solutions launches CheckRisk Pro, a tool to mitigate RDC risk.
    • Netbanker: Simple to launch bluetooth-based P2P payments.
    • The American Bankers Association endorses Q2's enterprise solutions for secure virtual banking.
    • Flint Mobile announces launch of swipe-free mobile payment app for Android.
    • Bloomberg Businessweek takes a look at Motif's "design-it-yourself investing."
    • TechWorld Australia features P2P currency exchange innovator, CurrencyFair.
    • Fenergo, Aite Group report: Capital market firms prefer centralized client onboarding.
    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.jpgBackbase on Track to Expand into UK Market. 
    • Arroweye Solutions launches EMV On-Demand.
    • ICBA Mortgage extends its agreement with D+H Mortgagebot.
    • InComm partners with Jackson Hewitt Tax Service to unveil new GPR card.
    • Digital Insight working with Delta Community CU to offer members digital banking services and solutions.
    • Guardian Analytics announces FraudMAP Connect, real-time collaboration platform & fraud intelligence community.
    • Cachet Financial Solutions launches new mobile money management application and platform, Select Mobile Money.
    • Equifax enhances underwriting decisions for lenders and businesses with release of advanced decisioning attributes.
    • Simple announces new MoneyDrop, instant P2P $$ transfer technology.
    • OnDeck ranked #20 in SellingPower Magazine's 50 Best Companies to Sell For List.
    • Ven partners ValidSoft to secure virtual currency transactions.
    • SecondMarket CEO explains latest Bitcoin move.
    • Tyfone powers P2P m-payments in BVCU m-banking platform.
    • MasterCard joins Fast IDentity Online (FIDO) Alliance in support of innovation in online authentication.
    • Inaugural issue of FIS's digital magazine FIS InMotion now available.
    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-- September 24, 2013

    Finovate-F-Logo.jpg
    • Capital Access Network listed among Information Week's top U.S. technology innovators in 2013.
    • FIS announces analytics programs for customers.
    • Swipely now managing $1 bil in annual sales, 1 yr. after entering payments market & launched Swipely Partner Network.
    • Cachet Financial Solutions announces Select Mobile Lending, a new mobile app.
    • MasterCard and Entrepreneurial Finance Labs join forces to promote SMB growth in developing nations.
    • TechCrunch reports PayPal, Stripe, & Braintree partner with Facebook to autofill billing info in mobile commerce apps.
    • ERN partners with FICO to embed FICO's marketing solutions within its real-time Big Data analytics platform Looop.
    • Mountaineer Gas joins doxo to simplify bill delivery, payment, and record keeping for its 220,000 customers.
    • Digital Insight announces new CEO, John O'Malley.
    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.jpgFinanceIt's split-cost marketing programs now available. Check out FinanceIt's live demo at FinovateFall in a couple of weeks.
    • CertusBank launches new website based on Backbase Portal. Come see Backbase demo its new tech live at FinovateFall.
    • Cachet Financial Solutions partners with Nitro Mobile Solutions to integrate Cachet's RDC platform in its mobile banking application.
    • miiCard updates its Digital ID Card. Come see miiCard's demo at FinovateFall.
    • MasterCard appoints Raja Rajamannar Chief Marketing Officer. See MasterCard's demo at FinovateFall 2013 in New York in September.
    • GMC Software Technology taps Scott Draeger for customer communications strategist role. Meet the GMC team at FinovateFall 2013.
    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-- June 5, 2013

    • FinovateLOGO.jpgmBank announces new transactional service, new logo, premium offer for affluent customers.
    • LICUOS selected as semi-finalist for Innotribe Startup Challenge.
    • LendUp launches "Share the love" referral rewards program.
    • Locaid announces commercial availability of Compliance API.
    • Expensify offsets new pricing by allowing users to prepay and get 2 months free.
    • Cachet Financial Solutions provides mobile deposit technology for Chexar's Ingo Network.
    • Actiance enhances Social Compliance Platform Support for Lync, Jive.
    • Billhighway appoints Doug Gregory as CEO.
    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.jpgCachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.
    • Finextra reports SafetyPay opens up to German-speaking markets.
    • Lendio reports 2012 growth metrics.
    • Expensify listed as 1 of 4 apps to helps save and manage your money.
    • TechFaster interviews BillGuard CMO Mary Anne Keegan.
    • Business Insider interviews Josh Reich, Simple founder and CEO.
    • Xero makes Bank Reconciliation available to Android users.
    • edo Interactive's new Marketplace platform targets small, local businesses.
    • Check out Finovate's infographic of FinovateEurope 2013 innovation themes.
    • Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.
    • SigFig-powered USA Today Money Portfolio Tracker launches in app store.
    • CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.
    • Continuity Control partners with Community BancService Corporation.
    • TSYS technology at work in Visa's Saral Money program in India.
    • Rabobank launches Figlo-powered widgets for online banking homepage.
    • BrightScope ranks top 25 law firms with highest-rated 401(k) plans.
    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-- January 25, 2013

    • Silicon Valley Business Journal interviews BillFloat CEO and co-founder Ryan Gilbert.
    • Commercial Bank of Qatar to deploy latest version of TSYS card and merchant management platform.
    • TransferWise wins "Best Middleweight Startup" at The Europas.  See them demo at FinovateEurope in February!
    • Concur rolls out new datacenters in France and the Netherlands.
    • Santander receives 2012 Banking Technology Award for Best Security Initiative for its SIM swapping solution, developed with ValidSoft.
    • UK's KashFlow integrates with Tradeshift to enable SMBs who use its cloud-based accounting software.
    • The Paypers reports: Geezeo enters 2 new partnerships.
    • VatorNews considers what's next for Lending Club.
    • Cachet Financial Solutions partners with Volunteer Corporate to provide mobile RDC to their 325 member CUs.
    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 CachetLogo.jpg

    Remote deposit capture solutions company, Cachet Financial Solutions announced today that it has partnered with mobile banking expert, Tyfone.

    Through this partnership, Cachet's remote deposit capture (RDC) solution, which uses Mitek's technology to format check images, willThumbnail image for tyfone.jpg enable Tyfone to provide RDC services for its FI customers.

    Midwest-based CoVantage Credit Union is the first to implement this solution, allowing its members to remotely deposit funds into their accounts.

    Thumbnail image for MitekLogo.jpg

    To learn more about Cachet Financial Solutions, watch its FinovateFall 2012 demo. Tyfone demoed at Finovate Startup 2008 and Mitek demoed at FinovateSpring 2012.


    Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg
    • Bolstr featured on Fox Small Business News.
    • InComm and Dollar General launch Microsoft Xbox LIVE Prepaid PIN on receipt service.
    • BMO Bank of Montreal and Monitise partner on mobile money solutions for BMO Customers.
    • Cachet Financial Solutions and PSCU partner to provide remote deposit capture technologies to Nation's Credit Unions.
    • Dating service Soul2Match selects miiCard to combat fraud and help members prove they are real people.
    • MoneyDesktop develops partnership with CUBUS Solutions for online banking PFM integration.
    • Church Community Builder to integrate with ProfitStars Remote Deposit Capture.
    • SGEntrepreneurs.com talks TradeHero on the iPhone.
    • Fuze Network surpasses 3.5 million mark in processing cash-to-card transactions.
    • Motley Fool features BrightScope and the best 401(k) plans of 2012.
    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.jpgAmerican Banker looks at how UMB is implementing Dynamics' ePlate card technology.
    • peerTransfer rolls out international payment solution to the K-12 (kindergarten through twelfth grade) education market.
    • InComm Canada launches No-Fee Vanilla Prepaid Product Line.
    • The CUNA Technology Council presents MoneyDesktop with Best of Show Award at the 17th Annual CUNA Technology Council Conference.
    • Cachet Financial Solutions powers Simple's Remote Deposit Capture.
    • STL Beacon reports SoMoLend blazes new funding path in St. Louis through loans.
    • Expensify launches new feature: Commercial Card Reconciliation.
    • Desert News reports Virtual Piggy helps parents control children's online spending.
    • VentureBeat reports Equifax buying CSC's credit-services biz for $1B in cash.
    • Banno partners with ProfitStars to offer remote deposit, integrated bill pay.
    • Thomson Reuters upgrades user interface, functionality for FX Matching platform.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
    Thumbnail image for CachetLogo.jpg
    Then, Cachet Financial launched its CheckReview Solution:

    "Our patent-pending CheckReview Solution is a proprietary technology that helps financial institutions to identify potential check fraud by giving them the ability to view and validate the digital image of the check in real time. 

    In the past, financial institutions could only view a check image after it had been cleared for deposit. By allowing access to the images before clearing, Cachet gives clients greater control in mitigating check fraud."

    Product Launched: September 2012

    HQ Location: Minneapolis, MN
    Company Founded: February 2010
    Twitter: @CachetFinancial
    Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)

    Introducing Larry Blaney (EVP of Sales) and Christopher Ebbert (Chief Information Officer)
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    IMG_0271.JPG

    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSimpleTuition acquires textbook marketplace ValoreBooks to help college students save
    • Virtual Piggy partners with skateboard brand, GoldCoast. Come see Virtual Piggy's live demo at FinovateFall.
    • Acculynk wins Lion's Den competition at the ATPS Latinoamerica in Miami.
    • Planwise gives a sneak peek demo of platform upgrades.
    • The Sydney Morning Herald reports UBank wins 2012 Financial Review Smart Investor Blue Ribbon Award for its variable home loan. Come see UBank at FinovateAsia in Singapore.
    • Digital Trends looks at how (Bank)Simple is jumping through regulatory hoops.
    • NY Times suggests FamZoo to help children & parents manage allowance.
    • Millennial Vision and Cachet Financial Solutions partner to remarket mobile remote deposit solution. Come check out Cachet Financial at FinovateFall this week in New York.
    • Huff Post reports: Andera CEO Charlie Kroll Builds Business To 'Help Small Banks Compete Against The Big Guys'.
    • TechCrunch reports: Doxo Uses QR Codes To Bridge The Gap Between Paper Bills And Mobile Payments.
    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgJP Nicols, CEO of Clientific advisory firm, mentions Personal Capital, MoneyDesktop, and Actiance as 3 companies to watch at FinovateFall.
    • Former E*TRADE General Counsel joins Lending Club as General Counsel and Chief Compliance Officer.
    • SecureKey teams up with Dell for private cloud expansion.
    • Safeway announces preparations for Blackhawk IPO. Come check out Blackhawk at FinovateFall.
    • Acculynk announces acquisition of PayLeap Gateway & Merchant Services.
    • Mootwin partners with Progress to build mobile apps.
    • Sacramento's Fox40 interviews Priya Haji, SaveUp CEO.
    • South Metro FCU offers members mobile deposits through Cachet Financial Services. Come see Cachet at FinovateFall.
    • InComm announces minority investment by Warburg Pincus.
    • Tradeshift selected by UK-based strategic outsourcing & energy corp to implement e-invoicing solution.
    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 FF12IMG.jpg

    Here's part 2 of the sneak peek of the companies that will demoing at FinovateFall on September 12 and 13 in NYC. Each company provided a short summary of the innovation they will debut on stage. We published 20 last week and we will complete the preview next week.

    Don't miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateFall ticket here

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    Stock Panorama brings what matters to an investor's portfolio - combination of 
    Thumbnail image for aSparkLogo.jpg"relevant and key" market data, analyst sentiment and social intelligence to your mobile device. Today, you seek this information. Stock Panorama reduces the homework and brings it to you when it matters so that you are never surprised!

    The app "follows" key events and information for your stocks and integrates them into your personal calendar - so you can see what's ahead for your investments. You get the right information anywhere, anytime.

    Innovation type: Mobile, PFM, sales

    Backbase
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    Backbase Launchpad is a new and unique banking experience, based on Backbase Portal technology. 
    Launchpad offers the latest innovations and best practices in user experience design and cross-device customer journeys. The goal of Launchpad is to drastically bring down time-to-market for online and mobile projects.

    Launchpad is immediately optimized for use on regular browsers, tablets and smartphones and is entirely manageable by the e-business and digital teams using the Backbase Portal Manager. Launchpad is seamlessly integrated with the Backbase App Center and includes apps such as: Accounts Overview, Payments, PFM, Stock Portfolio Manager, Message Center etc.

    Innovation type: Communications, marketing, mobile, online

    BolstrLogo.jpg
    Bolstr is the first crowdfunding platform focused exclusively on main street small businesses and the only platform able to legally operate pre-JOBS Act. 

    Bolstr's innovative platform empowers communities to invest in local, small businesses. We believe that local investment is the key to economic growth. Through Bolstr, we have created a marketplace where individuals can invest in and support the local small businesses that make their communities home.

    Innovation type: Small business

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    Cachet's patent-pending CheckReview helps financial institutions identify potential check fraud with the ability to view and validate the check image in real time. In the past, financial institutions could only view a check image after it had been cleared for deposit. By allowing access to the images before clearing, Cachet gives clients greater control in mitigating check fraud.

    Innovation type: Back office

    CompassPlusLogo.jpg
    Previously, when offering new financial products and services, the only two options available were to buy or build. You've tried buy, but now your business structure can't sustain innovation and integration is an absolute nightmare. You've tried build, but the industry moves quickly and you can no longer keep up. Both options cost a fortune in maintenance. Now there is a third option. 

    Open Development Banking Platforms are the new kid on the block and are promising to be transformational for the financial services industry. Let us show you why.

    Innovation type: Back office, cards, payments

    Thumbnail image for CreditSesameLogo.jpg
    Personal finance cannot be properly assessed in a vacuum. Credit Sesame will introduce its new financial fitness indicators, designed to help a user fully understand and optimize their individual financial situation. 

    Users can take advantage of current market trends and identify financial successes of their peers to better their financial future, preventing consumers from leaving money on the table by identifying ways to grow their wealth.

    Innovation type: Identity, lending, PFM

    Thumbnail image for DashlaneLogo.jpg
    Dashlane's mobile apps enable instant checkouts, registrations, and logins universally across the web without any merchant-side integration. This is powered by proprietary real-time semantic analysis of webpages and a super-secure, locally-encrypted personal data vault. 

    Its disruptive apps allow consumers to conduct keyboard-less transactions on any website from their mobile devices - a critical game-changer on a device that lacks a keyboard. Mobile shopping cart abandonment is over 90% today. Its goal is to slash that down and unlock mobile commerce at scale with a product that is simple, secure, and universal.

    Innovation type: Marketing, mobile, payments

    Thumbnail image for DeluxeLogo.jpg
    Customers are becoming increasingly integrated with their financial institutions. ACH payments are up about 5% each year. Online and mobile banking continues to rise and nearly two-thirds of online customers are using bill pay. Yet, this integration leaves consumers feeling trapped. 

    In a recent Consumer Reports survey, 63% of respondents said concerns about transferring automatic payment and deposits were keeping them from switching banks. Are you prepared to reach this highly integrated customer base? The Switch Is On!

    Innovation type: Online, payments, sales

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    Emida's Mobile Wallet (CAT) allows consumers to apply cash to their virtual mobile account without requiring an existing bank account or credit card collateral. Account holders can load value to their Cash and Transact account and then transfer cash or pay for goods and services with anyone, anytime, from anywhere. The Cash and Transact vision is to create a borderless community connected by transactions via the Cash and Transact mobile wallet.

    Innovation type: Mobile, payments, PFM

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    The U.S. is moving to EMV (Chip & PIN) no later than 2015 meaning the biggest overhaul of payment infrastructure since the introduction of the plastic card.

    Handpoint presents a mobile payments platform for developers. It´s simple and secure and allows developers to easily add EMV payments to their applications and get paid for transactions made through their apps. The platform can be white labeled to larger partners, e.g. acquirers and MNOs so they can offer branded mobile POS solutions.

    The platform erases all PCI issues, even for large merchants, by using state of the art security measures including Point-to-Point encryption.

    Innovation type: Mobile, payments, security

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    Ignite Sales is launching the world's first Bank Product Concierge which will change the way retail banks are able to sell financial products consistently to consumers and to manage their branch network. The solution is turning bank branches, call centers and websites into account opening machines, helping them easily and cost effectively reach their customers to upsell and cross-sell products consistently across channels. 

    The Concierge Analytics Dashboard, the first in the industry, provides the only way for bank executives to determine what products should be sold based on eligibility data.

    Innovation type: Marketing, online, sales

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    Story of My Finances is a completely new approach in digital financial customer service. It takes online banking and PFM to the next level of mass retail financial planning and advice. 

    Stories are customer-driven financial life processes, such as "How to spend less", "Prepare for a rainy day", "Buy a home" or "Retirement planning". Stories help end-customers to get financially fit and to have a peace of mind. Stories are the missing link between everyday people and financial products. We believe that we can improve people's financial life by licensing our white-label technology to financial institutions.

    Innovation type: Online, PFM, sales

    MortgageHarmonyLogo.jpg
    Remember the last time you refinanced your mortgage? Or was it so painful, time consuming and costly you'd like to forget it? Imagine if your FI let you click a button on a website and lower your rate with no appraisal, credit or income check, $0 fees added back to your loan and not starting over with a new 30 year term. 

    Mortgage Harmony Corp., a financial services company, will demo web-based software which FIs can use to offer a consumer-initiated rate, resetting mortgage with a patented compensation model for their originators. (It's actually more advantageous for them, too.)

    Innovation type: Back office, lending, PFM

    PayfoneLogo.jpg
    Payfone is the remote mobile commerce company that solves mCommerce checkout by linking mobile identity with the payment process to provide merchants with the easiest, fastest and most secure mobile checkout possible. 

    Because it authenticates through the bank and carrier network, Payfone mCommerce Service requires no changes to backend systems, no new payment mark and nothing for consumers to download or install.

    Innovation type: Identity, mobile, payments

    PreCashLogo.jpg
    Today, the people with the least amount of money are charged the most to pay bills and get checks. Plus, they have to jump through more hoops. PreCash Flips that model with mobile. 

    Come learn about Flip Money, the first viable mobile app for underbanked consumers with immediate check deposit and free bill pay transactions.

    Innovation type: Mobile, payments, PFM

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    Imagine a world where, as a consumer, you can use things you already have to enhance your online and mobile experience (your smart phone, bank card, tablet or PC). Imagine a world where, as a bank card issuer, you can minimize card-not-present fraud and provide value-added services based on strong authentication, to your consumers and commercial partners. 

    Imagine a world where, as a merchant, you can sell to your clients through extended channels, securely, and with little risk of card-not-present fraud. And imagine a world where online service providers such as governments can actually transact with their constituents after ascertaining their identity, while still transacting anonymously.

    Innovation type: Identity, payments, Security

    Thumbnail image for SegmintLogo9.11.jpg
    Segmint's breakthrough analytics anticipate real-time consumer spending patterns and help FIs deliver a personalized mix of cross-sell and up-sell offers on their public and private websites. 

    Segmint's new and highly-advanced One Button application allows FIs to create customized online product and service campaigns in under a minute - automatically targeting the offer, creating a banner and assigning website delivery locations. With analytics that refresh daily, this One Button application empowers FI marketers to achieve unprecedented speed-to-market and deliver highly targeted cross-sell and up-sell campaigns while increasing campaign ROI.

    Innovation type: Banking products, marketing, online

    Thumbnail image for ThomsonReutersLogo.jpg
    Thomson Reuters is pleased to introduce their new App Store solution that enables access to the latest innovative capabilities and tools for use across the digital enterprise. 

    The Thomson Reuters solution enables financial institutions and third party developers to effortlessly create pioneering market monitoring and investing apps. By seamlessly integrating the combination of Thomson Reuters content assets with a firm's customer account data and other data sources, Thomson Reuters is helping institutions leverage the providers of financial insight to deliver a differentiated experience for their customers while lowering both development costs and time to market.

    Innovation type: Investing, mobile, online, PFM

    Thumbnail image for TruaxisLogo9.11.jpg
    Truaxis understands that Big Data is a profitability gold mine for banks if properly gathered, interpreted and acted upon. With its Profitability Analytics module, StatementRewards lets banks easily reach their most profitable customers and create campaigns to further improve customer value and loyalty.

    Innovation type: Cards, rewards

    Thumbnail image for Thumbnail image for yodlee.jpg
    Data is power. Whether you're managing personal finances or running a business, the right data and tools enable the right decisions. Good data informs, educates, projects, and even anticipates future actions. Who doesn't want a crystal ball? Yodlee brings data to life. 

    At Finovate, you'll see what that means for Pete, a small business owner running a successful exotic automotive parts business. Parts is parts? Not in our world! Do you have the (data) power? Come find it at Finovate! Yodlee. 

    Innovation type: Online, PFM, small business

    Stay tuned next week for another sneak peek of FinovateFall 2012 presenting companies. 
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBinary Now begins accepting PayNearMe payments from customers without credit card.
    • Mootwin drives BNP Paribas Group's new iPad economic news app.
    • Mitek hires former Green Dot CTO, Michael Strange, as CTO.
    • Fiserv appoints Dennis Lynch to Board of Directors.
    • Diversinet appoints Bret Jorgensen as Chairman of the Board.
    • Tradestreaming names Wall Street Survivor app of the week.
    • Cachet Financial launches Merchant RDC Tablet Solution.
    • Lending Club wins AlwaysOn Global 250 Award for third consecutive year.
    • Wiltshire business looks at positive returns from Zopa.
    • Q2ebanking opens office in Atlanta to support growth.
    • 2 Minute Finance gets a demo from Portfolio Football.
    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.jpgCU Times reports T8 Webware expanding, expects to add 20 employees to its staff of 60.
    • Cachet FS and Sharetec Systems partner to provide mobile deposit capture to credit unions.
    • Geezeo signs URW Community FCU.
    • ProfitStars announces that 100+ banks have selected its Gladiator Enterprise NetTeller Security Monitoring solution since June 2011.
    • Fins Sales & Marketing looks at Cartera Commerce as Groupon's new competitor.
    • CU Times reports on how Kabbage uses social media to give cash advances.
    • ReadyForZero unveils 4 new resource centers for financial guidance.
    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.jpgCheck out VC funding trends in financial services startups.
    • Cartera Commerce raises $12.2 Million in growth equity.
    • Braintree expands payments gateway to merchants in 30 countries.
    • Lending Club receives $15 mil from Kleiner, Mary Meeker joins board.
    • ThreatMetrix positioned as a "Visionary" in the Magic Quadrant for Web Fraud Detection.
    • Clairmail awarded 2012 Best Mobile Application or Service.
    • mFoundry launches mobile banking solution for Eli Lilly Federal Credit Union.
    • City National Bank partners with Cachet Financial Solutions and Panini to deliver RDC to Mac users.
    • Bill.com receivables wins ninth annual Tax and Accounting Technology Innovation Awards.
    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.jpgGoogle Director, Russ Laraway, named SVP of Merchant Sales at FreeMonee.
    • American Banker describes the effect of Plastyc's Kindle Fire app on underbanked consumers.
    • Business Insider points out how SimpleTution & Cartera Commerce are hacking the financial system.
    • IP Commerce launches app development challenge for next-gen POS app.
    • Bank Technology News compares how Plastyc and Mitek use tech to serve the underbanked.
    • American Banker takes an in-depth look at SimpleTuition's SmarterBank.
    • Dwolla builds payment fees comparison tool.
    • Cachet Financial Solutions and eDOC Innovations partner to provide mobile deposit to Credit Unions.
    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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