Blog
 |
|
|
|
Recently in
Cardlytics
Category
 Zopa Safeguard now has 15,000 users and has had £16m lent on platform. Zopa reaches £300m in money lent to borrowers in the UK.
- Bank Innovation reports: Cardlytics Has 33 Million Active Users at 400 Banks.
- Inc. Magazine creates infographic of how to select the right crowdfunding platform. Bolstr and SeedInvest among choices.
- CommunityLend's FinanceIt partners with Pivotal Payments, a credit card payment processing company, to enable merchants to process loans directly at the POS.
- Capital Access Network opens new facility in Lindora, Costa Rica to support growth.
- Finect president Jennifer Openshaw talks networking for financial professionals on MarketWatch Radio.
- Street Fight Mag includes Placecast among its "5 Tools for Point of Interest Geo-Targeting".
- TransferWise launches GetPaid to make it easier to get compensated when working with international clients and partners.
- Developer Tech features Keynote Systems' CEO Umang Gupta.
- Point of Sale highlights Finovate alumni Flint Mobile and PayPal.
- Social Trading Guru reviews ayondo 3.0.
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.
- San Diego County Credit Union launches Cardlytics' card-linked marketing platform.
- Newfination: Bill Harris talks about Personal Capital's new funding round and the issue of continuity.
- SecureKey's briidge.net DNA security software and authentication service have been integrated with MasterCard's MasterPass.
- BellaDati selects Chicago as its U.S. Headquarters.
- CEO and co-founder of OpenCoin, Chris Larsen, writes about Bitcoin and "the future of money."
- Mint, BudgetPulse listed among budgeting options in column on digitizing your finances.
- DigitalMailer signs technology and marketing partnership with CoreTrack.
- Locaid closes $4 million funding round.
- DeviceFidelity partners with Susan G. Komen Dallas County via moneto Prepaid MasterCard program.
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.
- Cardlytics granted patent to deliver targeted marketing offers through its network of nearly 400 banks.
- PYMNTS.com interviews SumUp's managing director, Stefan Jeschonnek regarding Groupon and Amex's recent investment.
- Talkapolis interviews iQuantifi founder & CEO Tom White.
- World's largest online shoe company deploys Taulia's cloud-based solution.
- UK-based Nutmeg appoints Lee Cowles as its new managing director.
- Lending Club expands offices in San Francisco.
- TSYS signs long-term, consumer credit card payment processing agreement with KeyBank.
- ACI Worldwide to provide online banking, bill pay, and mobile banking services.
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.
 Targeted advertising relies on accurately assessing consumer behavior, linking that behavior to future interests and needs, and then building an advertising campaign that consumers will actually respond to with real purchases of goods and services. And according to Polaris Partners, it's so simple only one company may be doing it right: Cardlytics.  In a feature on the company and its co-founders, Scott Grimes (CEO) and Lynne Laube (President), Polaris Partners takes a close look at the way Cardlytics has been able to acquire larger advertisers and to sign them for the long term. Consider these metrics:
- Cardlytics has contracts with a quarter of the top 100 advertisers
- Cardlytics' ads drove $500 million in purchases in the fourth quarter of 2012
- Cardlytics has partnerships with more than 400 American banks.
Founded in 2008, Cardlytics specializes in transaction-driven marketing. The company's technology helps FIs make targeted, relevant offers and rewards to their customers based on their customer's actual shopping behavior. The platform currently serves 78 million households in the U.S.
Cardlytics was highlighted here in the Finovate Alumni news blog just last week when the company announced that it had raised $40 million in funding from undisclosed, but current investors.
Cardlytics demoed its technology as part of FinovateEurope 2013 in London in February. See them in action here.
 Card-linked offers platform, Cardlytics, announced last week that it has raised $40 million from undisclosed, existing investors. The Boston-based company's president and COO, Lynne Laube, explained that the $40 million will be used to expand its international presence. Cardlytics already has plans to launch with bank partners in Europe, Australia, Canada, and Brazil. Specific bank partners are still undisclosed.
 NerdWallet profiles GoodApril. See them demo at FinovateSpring in May in San Francisco.
- CSI Enterprises launches globalVCard for Travel mobile app.
- Cairo Amman Bank to deploy Temenos T24.
- Kashoo announces updates to its cloud accounting web app.
- Cardlytics named a Best Workplace by The Atlanta Journal-Constitution for second consecutive year.
- Virtual Piggy sees 100,000 new active users sign-up since March for its youth wallet solution. Come check out their demo at FinovateSpring.
- Gartner names Metaforic as a 2013 Cool Vendor in the Security Infrastructure Protection category.
- Arxan Mobile Application Integrity Protection for IBM Worklight Apps enables IBM Worklight customers to protect their mobile apps against hacking. Come check out Arxan's new technology at FinovateSpring.
- ID Analytics introduces new version of Credit Optics Credit Score for more intelligent insight into consumer behavior.
- Newfination talks to BankBazaar about how it works.
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.
- Tech Dirt looks at Narrative Science's role in algorithmically-generated journalism. Come See Narrative Science at FinovateSpring.
- Bdaily talks with Monitise EVP, Lisa Stanton, about mobile banking.
- Numerica Credit Union adopts BBC Easy's C&I Lending program.
- CU Times reports Fiserv's Spot Pay offers CUs a co-branded mobile payment platform and dongle.
- Forbes looks at the growth of edo, Cardlytics, and Cartera Commerce and how card-linked offers are better than daily deals.
- TechCruch reports OpenCoin has acquired SimpleHoney. See OpenCoin demo at FinovateSpring in May.
- ProfitStars launches BillSimple from iPaySolutions.
- TSYS to present at annual card forum and expo in April.
- IntelliResponse adds 155th customer, the company's first credit union.
- Convenience Store Decisions notes the growing role of mobile payment options such as PayPal and Flint Mobile.
- FIS, Open Solutions veteran Gary Daniel to join Allied Payment Network. Join them in San Francisco for FinovateSpring.
- Banking Technology looks at eWise, Pageonce, Mint.com, Kiboo, Holvi, & Moven as PFM resurgence examples.
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.
Card-linked rewards company Cardlytics recently divulged some notable metrics. The Atlanta-based company is working with more than 300 banks to give them insight into the spending of nearly 70% of households across the United States. Since launching in 2008, Cardlytics reports: - Its system reaches 75 million U.S. households, about 200 million consumers
- Those households make more than 11 billion debit or credit card purchases annually, amounting to $500 billion
- It has 12 million mobile customers
Across the Cardlytics network, consumers activate an average of 15-20% of deals, have increased their spending amount by 4%, and have increased their online logins by 12%. To learn more about Cardlytics, watch its FinovateEurope 2013 demo, coming soon to finovate.com/archives.html.
- American Banker asks if Atlanta is a fintech startup Mecca and looks at Kabbage and Cardlytics as examples.
- Actiance debuts Vantage for Lync Voice to capture VoIP calls for Mircosoft Lync users.
- BBC News looks at BehavioSec's biometric security.
- On Deck opens new regional office in Denver, Colorado.
- IDentity Theft 911's chief privacy officer Eduard Goodman talks smartphone privacy with Forbes.com.
- TransferWise announces support for peer-to-peer international payments using debit cards.
- TransWare from Compass Plus helps PrivatBank reach peak transaction processing.
- Balance Financial launches Digital Office suite to create personalized client portal templates that can be customized.
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.
Here's a look at some of the press coverage we received from FinovateEurope last week:
AllFacebook Money-Transfer Service Azimo Integrates with Facebook By David Cohen
American Banker  Cardlytics Brings Offers, Rewards to Bank Customers on Facebook by Mary Wisniewski
True Office, Thomson Reuters Partner to Offer Gamified Compliance Apps by Mary Wisniewski
Backbase blog Backbase Unveils Amazon-like Digital Marketing Module at FinovateEurope 2013 by Prue Duggan
Bank Marketing Strategy Moven From Mobile Banking to Mobile Money by Jim Marous
Bankier.pl mBank idzie za ciosem i pokazuje kolejne nowości by Michał Kisiel
Nowy mBank zapowiada mOkazje i przelewy wysyłane jak wiadomości
Banking Technology Finovate Europe sees arrival of the Old Guard by David Bannister
Temenos debuts LiveDesigner at Finovate Europe by David Bannister
BankNXT Finovate Europe 2013: Bank to the Future by Auke Douwe
Berliner Morgenpost SumUp will traditionelle Kassen abschaffen by Jürgen Stüber
Computer World Gamification trend could save banks from huge compliance fines by Matthew Finnegan
Credit Union Times Mobile Banking by Voice Next Up? Print Preview by Robert McGarvey
Datamonitor Finantix takes mobile banking to the next level
Ebests.com Fresh from a $30m funding round, Kabbage looks beyond the US to launch its loans platform for UK SMEs by Paul Sawers
SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name by Paul Sawers
El Economista BBVA participa en FinovateEurope entre ´startups´ europeas
El País blog Móvil y banca en España by Álvaro Martín Enríquez
Financial Times Eye-opening options by Peter Williams
Money app aimed at Facebook users by Duncan Robinson
Triumph of technology by Peter WIlliams
Finextra Moven gears up for launch
Temenos unveils LiveDesigner tool for Web application development
The Currency Cloud API integrated into Salesforce and Sage 50
Forrester blog Finovate Europe 2013: Bank to the Future by Auke Douwe Veenstra
Finovate Europe 2013: Digital Financial Innovation by Benjamin Ensor
FX-mm The Currency Cloud's unique cross-border-payments-a-service capability available for leading enterprise software
GoMo News UK startup debuts mobile money app for Facebook by Dave Evans
ICT journal Huit innovations financières primées à Finnovate by Hélène Lelièvre
Temenos étend sa gamme de solutions pour l'expérience utilisateur by Bastien Brodard
Intelligent HQ #Finovate NOW a new generation of Social Bankers by Hayden Richards
FinTech News: #Finovate, #Gamification trends by Hayden Richards
International Business Times Sharing Money On Facebook Just Got Easier: Should Banks And PayPal Be Worried? by Christopher Zara
Mapa Research Finovate Day One Round Up by Paul Merry
Finovate Day Two by Joshua Grant
Money Marketing Ian McKenna: New tech will drive down costs by Ian McKenna
PandoDaily Moven gives sneak peek of new mobile banking app by Hamish McKenzie
Payments Journal Kabbage Extends Its Small Business Funding Model To the UK
Payments Source Cardlytics Searches for Issuer Adoption on Facebook by John Adams
PR Web Meniga Awarded its Second "Best of Show" Trophy at Finovate
Programmable Web Integrate Cross-border, International Payments Processing with Currency Cloud's XBPConnect API by Eric Carter
Puls Biznesu blog Taki będzie Nowy mBank by EUGENIUSZ TWARÓG
RFP Connect SAGE SA To Introduce BlackSwan Financial Platform at FinovateEurope 2013
Shiny, Shiny Azimo lets you transfer money to your Facebook friends By beccacaddy
Tamebay Ezbob to expand to the US By Chris Dawson
Kabbage announces UK launch at Finovate EU by Chris Dawson
TechCrunch Kabbage Brings Data-Focused Online Merchant Lending To The UK by Leena Rao
Social Money Transfer Service Azimo Adds Facebook Integration To Squeeze Western Union by Steve O'Hear
Telegraph Now you can use Facebook for international currency transfers By Justin Harper
The Next Web Cardlytics' transaction-linked ads for bank statements to get Facebook integration, as EU launch nears by Paul Sawers
Open Bank Project aims to bring financial transparency to organizations with an API and Web 2.0 by Paul Sawers
P2P FX platform CurrencyFair announces $500m of transactions so far, and vies fo $1bn in 2013 alone By Paul Sawers
SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name by Paul Sawers
TICBeat BBVA triunfa con Stockbuzz, una app que analiza el IBEX35 en Twitter by Miriam Castellanos
Travolution Azimo claims first with Facebook funds transfer service By Travolution
VentureBeat Kabbage brings its quick fix loans to UK merchants by Christina Farr
Thanks to everyone who came and helped make this year's FinovateEurope the biggest yet. ___________________________________________________________________________ We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact julie@finovate.com with the link.
This post is a part of our live coverage of FinovateEurope 2013.
Then, Cardlytics took the stage with its Facebook app that summarizes rewards for users:
"Cardlytics' latest innovation is a Facebook app, initially launched from an online banking session, containing a rewards summary page showing all available offers. The innovation is a working prototype with a release available to banks in Q2 2013."
Product Launch: Q2 2013
HQ: Atlanta, GA, USA & London, UK Founded: 2008 Metrics: The company has raised just under $60M in venture capital and has over 250 U.S. employees and over 15 U.K. employees. Cardlytics' targeted advertising platform can reach 220M U.S. consumers and 10M U.K. consumers. Over 20% of consumers are reached through an integrated mobile solution. Twitter: @cardlytics
Presenting Jason Brooks (Managing Director) and Charles Humphrey (Commercial Director)
 For our first ever two day FinovateEurope conference, we've selected 64 of the most innovative companies in fintech to demo their newest technology to an audience packed full of banking executives, press, analysts, bloggers, and more.
Each company provided a sneak peek of what they'll demo next month. Below is the first installment of these teasers. We'll have more next week.
______________________________________________
 Mobile devices are rapidly taking place of credit cards and visits to the bank. How can you have confidence that the user on the other end of that high value transaction is who they say they are? TraitWareID.
So why not learn more about a comprehensive authentication solution specifically configured for applications with mobile users that offers a versatile, single, integrated approach that does not require additional hardware?
Innovation type: Identity, payments, security
 Everyone knows the importance of social networks in the financial world. Millions publicly discuss their experiences with the different brands they interact with throughout the day. It also applies to the financial markets. Investors, large or small, share their views on the main market securities and how emerging news influences their trading.
And of all the social networks, Twitter is probably the most widely used for this type of analysis. But, is there any chance to analyse the conversations about stocks and to obtain a sentiment? We will show you that is possible.
Innovation type: Online
 Biletu is the new way to organise events and share expenses between friends, family and colleagues.
Innovation type: Mobile, PFM, Rewards
Cardlytics is a real-time marketing and analytics platform that enables over 350 banks globally to bring profitable, targeted rewards to their consumers. Cardlytics' latest innovation is an integrated Facebook app, containing a rewards summary page showing a customer their available offers. Launching in 2013, this will allow banks to have a meaningful and valuable customer conversation in social.
Watch as we demo creating the Facebook-to-Customer relationship, preserving customer privacy through our patent-pending OPS & OMS systems. Once the link is made we will demonstrate the targeted rewards and savings earned for a customer through the Facebook interface.
Innovation type: Mobile, online, rewards
 Comarch will showcase two solutions, which work together guiding customers from the interpretation of their transactions to suggestions of products and services that can really help them improve their financial standing. Comarch solutions use multiple motivation techniques to help customers achieve financial fitness through sound personal finance management.
Innovation type: Investing & asset management, mobile, PFM
 Dashlane, winner of Best of Show at FinovateFall in NYC 2012, will demo their core technology: a consumer app (desktop and mobile) that enables users to instantly checkout, login and fill forms in a flash universally on every website and every device, without the need for any site-side integration with merchants whatsoever.
In addition to being a secure personal data management tool and the "point of payment choice" for users, Dashlane offers financial services and ecommerce partners a privileged seat next to the user during all their online transactions.
Innovation type: Payments, security
 Big Data. Pretty much the two words that are on everyone's lips, but much harder to actually put into action... until now, that is.
ERN will show you how our unique, big data technology platform brings together card payment and merchant data in real time. Using that data and insight, we'll show you how (at last) you can intelligently target loyalty programs and marketing campaigns effectively. Better still, there's even a smartphone app to deliver your customers eReceipts and mCoupons.
We look forward to showing you how you can close the loop on payment Big Data and create value from every single transaction.
Innovation type: Mobile, payments, rewards
 eyeOpen is launching the world's first digital mortgage advisor. The digital mortgage advisor provides consumers with best-in-class mortgage advice. It provides banks and insurance companies with a leading user interface in conversions, advice algorithms and a management information dashboard on consumer behavior.
eyeOpen tested the digital mortgage advisor in The Netherlands with leading banks such as Rabobank, ING and ABN AMRO. The company sells the consumer advice software in Europe from its Amsterdam office and in the USA from its San Francisco office.
Innovation type: Back office, banking, marketing
 EZBOB offers real-time financing for e-commerce businesses in the UK. The company has developed a web-based lending platform which gathers data, in real-time, allowing for instant lending decisions.
An e-commerce business is analysed based on data pulled through API connections to data sources such as Amazon, eBay and PayPal, as well as strategic partners such as Channel Grabber, EKM and others.
EZBOB's proprietary algorithm allows the company to look beyond a traditional credit score.
Innovation type: Banking, identity, lending, PFM, small business
 Learn how Financial Simplicity's portfolio business management infrastructure enables wealth firms to operate thousands of individually tailored investment portfolios efficiently and compliantly.
It will reveal how portfolio management can blend new world social relevance with operational excellence. Specifically, Financial Simplicity will demonstrate:
- Whole of firm portfolio mandate and compliance monitoring in a single screen
- On-demand portfolio analysis within a socially relevant context
- Investor-tailored portfolio modelling at the click of a button
- Implement pre-compliant portfolio decision-making across a Centralised Investment Proposition in a matter of seconds
Innovation type: Investing & asset management
 Story of My Finances is an entirely 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
 You're seated comfortably watching TV, and suddenly you're notified that a bank deposit was made into your account. Good news! Simply click, and you can see the details.
The Home Shopping Network presents the set of cooking pans that you have had your eye on for ages. With the press of a button, the pans are on their way to your house!
Innovation type: Marketing, online, sales
 Kalixa believes that today, payments simply don't meet the real needs of consumers and businesses. For businesses payments are expensive, fragmented and leave them exposed.
Ed Chandler, CEO of Kalixa, will showcase how next-generation technology that underpins a total payment journey can transform payments from a source of cost, complexity and confusion into a sustainable competitive advantage that stimulates innovation and fuels business growth.
Innovation type: Cards, payments
 We truly believe that the financial industry needs a radical rethink and that innovative financial services offering fair prices, transparency and creating no systemic risk are more important than ever.
Based on these conclusions, we developed an alternative to traditional FX products and services offered by banks and brokers. Kantox is a marketplace where companies can look for and find others companies - their counterparties - to exchange foreign currencies spot and forward without the intermediation of banks.
Innovation type: Payments
 Luminous' BankFiling loan origination solution enables financial institutions to increase lending to banking customers, while reducing risk.
Innovation type: Banking, lending, small business
 mBank & Efigence present the first European comprehensive Bank 3.0 revolution in a large bank with a full financial product portfolio.
mBank, an online bank, has successfully leveraged the internet to organically become the third largest in Poland. Now, it's re-inventing itself by bridging startup-grade innovation on a mass scale. It will implement a wave of next-gen services: transactional banking, transactional/real-time marketing, PFM, social, gamification, video banking, mobility and more.
It will show its innovative transactional site and the first European implementation of transactional marketing, highlighting a creative take on Facebook, social platforms and real-time consumer gratification.
Innovation type: Banking, online, rewards
 Movenbank will be the first consumer banking experience centered around mobile and enabling a consumer's everyday financial wellness. We combine mobile banking, mobile payments, and real time financial health and spending insight to help customers spend, save and live smarter.
Consumers pay with their mobile phones and receive insight on their spending behaviors at the point of sale when it matters most. When was the last time your checking account did that?
Innovation type: Banking, payments, PFM
 Your customers want a mobile service that is as smart as their device. Are you delivering? When customers use your mobile service, they often require assistance beyond self-service to resolve their needs. Having them realize they now need to call your contact center and start from scratch with the IVR causes disappointment and frustration.
NICE Mobile Reach complements mobile self-service to bridge it with assisted-service channels. It lets companies intelligently engage their mobile customers, seamlessly connect them to the right representative with full context transfer, and then powerfully collaborate with them during the interaction. That's smart customer service that creates value!
Innovation type: Communications, mobile, sales
 The Open Bank Project (OBP) is an open source-powered API for banks that enables account holders to access their transaction data using a wider range of applications and services.
The OBP API supports transparency options (enabling account holders to share configurable views of their transaction data with trusted individuals and even the public), data blurring (to preserve sensitive information) and data enrichment (enabling users to add tags, comments and images to transactions). The OBP App Store enables banks and developers to showcase supported apps.
Innovation type: Back office, communications
 The new, highly volatile market order that's been prevailing for the last few years is raising the pressure on you to come up with asset allocations that are precisely fitted to your clients' profile. Clients increasingly challenge the proposed investment strategies' ability generate performance while preserving wealth.
The BlackSwan Financial Platform lets you engage your clients in an interactive analysis of their risk. Explore investment options together with your clients and guide them through an informed process in selecting the most optimal asset allocation for their profile using clever quantitative finance algorithms.
Innovation type: Investing & asset management
 EdgeConnect is the industry's most dynamic user experience platform (UXP). EdgeConnect provides a single, consistent platform that enables superior user experiences to be delivered across multiple distribution channels, for any product, any user, in any language and optimised for each device.
A major new editor within edgeConnect, LiveDesigner, is a game-changer in application design. It allows designers to change the look and feel, layout and behaviour while an application is executing, so that they can make changes and see the effects on dynamic application pages prior to live deployment.
Innovation type: Mobile, online, sales
 The Currency Cloud transforms the way businesses make international payments. We inject cost savings, transparency and productivity enhancements into the payment process to deliver a service businesses deserve. Our platform connects to a host of exchange rate providers and payment networks to optimise the conversion, sending and receiving of international payments.
Businesses access our service directly online, through our API, or via the multitude of firms such as banks, brokers, remittance agents, IFAs, and accounting solutions providers that extend our capabilities through their own services.
We will be showcasing the power of integrated international payments within treasury solutions.
Innovation type: Back office, payments
 Could the banks have avoided over $1 billion in fines for anti money laundering violations with this True Office game?
By playing the True Office | Thomson Reuters Anti Money Laundering desktop and mobile app, financial services employees are exposed to the regulatory risks they confront, and learn how to comply with anti money laundering laws and company policies.
The data generated from this app provides financial services institutions with compliance analytics that help identify and reduce instances of anti money laundering risk.
Innovation type: Mobile, security
 TSYS Spend Controls puts control over card usage into the hands of the business owner or program administrator. It provides businesses a means to implement upfront transaction controls to ensure cardholder compliance with purchasing guidelines.
Administrators manage parameters using a simple Web-based user interface, establishing guidelines according to business, department or individual needs. Each transaction is reviewed at the point of sale based on the pre-established parameters.
Innovation type: Banking, cards, marketing
 Virtual Piggy is the first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment.
We deliver online security platforms designed for the Under 18 age group in the global online market, and also enable online businesses the ability to function in a manner consistent with the Children's Online Privacy Protection Act ("COPPA") and similar international children's privacy laws.
Innovation type: Payments, PFM
 VoiceTrust inTalk increases customer convenience, reduces call times, and provides enhanced security at financial institutions' call centers. It does this by verifying a customer's identity through passive listening to the conversation between the agent and the customer.
Independent of the language spoken or the words uttered, inTalk is able to compare the speaker's voice against the account holder's voiceprint and indicate whether the speaker is the account holder or an imposter. The agent is alerted with a graphical indicator on their monitor.
Innovation type: Identity, sales, security
 Yseop will present several intelligent text-generating financial solutions. We will demo a prep-to-meeting report written in two seconds, an automatically generated two-page financial executive summary based on the latest market data and a personalized retirement planning application.
Yseop is artificial intelligence that writes (and speaks) non-repetitive intelligent text, just like a human being, but at a speed of thousands of pages per second. Yseop analyzes a company's business data, dialogs intelligently with its customers to understand their goals and then generates written comments and recommendations following the best practices of the company's top experts.
Innovation type: Communications, sales, marketing
- Gartner highlights Comarch Commission & Incentive in recent report.
- FIS announces expanded relationship with Modern Woodmen Bank.
- TomTom uses Keynote DeviceAnywhere for real-time performance monitoring in Paris.
- The New York Times features Simple's approach to customer service.
- Check Point Software Technologies introduces new ZoneAlarm 2013 security product line, integrates Facebook Privacy Scan.
- MyBankTracker looks at Movenbank's new site layout. Come see Movenbank's live demo at FinovateEurope Feb 12 and 13.
- Daily Tekk interviews Brendon McQueen, CEO of Tuition.io.
- eToro launches new version of its WebTrader platform.
- Dwolla introduces new look, allows users to apply for higher transaction limits.
- Cardlytics opens office in San Fran, appoints new SVP of Marketing. Come see Cardlytics demo at FinovateEurope next month.
- CNBC interviews Barry Silbert, SecondMarket CEO, to understand why entreprenuers avoid IPOs.
- Bank Systems & Technology considers how NICE's newest solution uses voice recognition to prevent fraud. Come see NICE demo its new tech live at FinovateEurope in London February 12 and 13.
- Biometric Update highlights a year of new customers and pilot projects from VoiceTrust.
- TechCrunch features a video interview with Betterment CEO and founder, Jon Stein.
- Experian announces deal to provide address and mortality screening services to Guardian Financial Services.
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.
The partnership between Cardlytics and Fiserv bears fruit as America First Credit Union announced that it was adopting the Transaction-Driven Marketing program developed by Cardlytics. Offers from Cardlytics are targeted at 200 million transactions every week, and analyze $500 billion in transactions every year. They were named a "Red Herring Global 100 Winner" earlier this year out of 1,200 candidates. America First Credit Union has the distinction of being the 12th largest credit union in the United States. Founded in 1939, America First has more than 100 branches and nearly 600,000 members. The America First deployment is just one of the big wins for Cardlytics in 2012. In August, the company announced a new partnership with Bank of America to power its transaction-based rewards program. Cardlytics is also among the companies selected to present at the upcoming FinovateEurope 2013 in February. Watch the Cardlytics demo from FinovateEurope 2012 here.
 - Cardlytics platform deployed by America FCU to provide targeted rewards to its members.
- Vermilian's bancapp technology to power EECU's mobile banking and marketing smartphone app.
- Dwolla promotes its platform by giving $10 in waived transaction fees for every friend you refer through the end of the year.
- Xconomy looks at what SoMoLend discussed at the recent New York Enterprise Technology meetup.
- Bank Innovation takes a look at what PayPal's P2P for Financial Institutions means for the payments world.
- AppShopper highlights a new app from Billhighway, Give, now available for the iPhone.
- Netbanker looks at how Simple makes banking interesting.
- Merger mechanics continue as Zecco accounts move to 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.
 Last week, I attended BAI Retail Delivery in Washington D.C. where over 200 exhibitors lined the trade show floor of the Walter E. Washington Convention Center. There were 31 Finovate alums on the expo floor, and even more in attendance. My schedule was packed, but I was able to catch up with a handful of Finovate alums. Here's what I learned. The card-linked offers company is in the middle of a successful mobile deployment effort with BofA, PNC, Regions, and a few other unnamed FIs. After launching their respective rewards programs on mobile, the FIs have seen an increase in user engagement and an increase in the number of online banking visits per user. It is also working on International expansion. So far the top 3 European card issuers have signed.  BofA's BankAmeriDeals on tablet interface
 BofA's BankAmeriDeals on iPhone mobile app
 The consumer credit reporting agency recently launched its Insight Score for Retail Banking, a solution that will help FIs generate a risk score for underbanked individuals with no credit data or history. It does this by using non-FI-related payment data from companies like Telco and other TV and cable providers.
 The fintech provider showed me its SpotPay payment dongle and back-end solution. It appears to be Fiserv's response to Square that it will co-brand with FIs. Fiserv is able to on-board FIs with SpotPay in a couple of days, so it is a quick way for FIs to get into the payments game.
While there is an $8.95 per month fee, it is competitively priced, charging only a 1.99% fee on a swipe, and a 3.19% fee on card-not-present transactions.  Fiserv's SpotPay dongle being used on an iPhone
 Because volume and sophistication of fraud has grown, Guardian Analytics started bank-sourcing (think crowdsourcing) fraud by bringing multiple institutions together to collaborate on the types of fraud they're seeing so the whole industry will be better at fighting it. Tiffany Riley, Guardian Analytics' VP of marketing tells me they've received positive feedback so far.
 Mobile banking solutions company, mFoundry launched its Fin.X platform. This platform can be thought of as a type of app store for FIs to select which products/services they want to include in their mobile app.
to white-label their solutions within the Fin.X platform.
An example of what the Fin.X app platform could look like on a tablet 
The PFM won CUNA Tech Council's Best of Show Award at BAI. This counts as its 5th Best of Show award. MoneyDesktop team with BAI President & CEO, Deborah Bianucci
 After the mobile money solutions company acquired Clairmail 3 months ago, Monitise now has 17 million active users. It is in trials of an NFC solution with a few banks. The solution uses a sticker as opposed to a chip inside of the actual device.
 The electronic banking solutions provider launched Q2clarity, a tablet-optimized dashboard that provides customizable analytics and visibility to how customers are using an FI's mobile and online platform. Providing these metrics to a branch manager, gives them the ability to make more informed decisions about which products and services to offer. These eight companies are just a fraction of what I saw at BAI this year. For more information on who attended the trade show, visit here.
- Austin Business Journal profiles Bazaarvoice CEO, Brett Hurt.
- Lending Club announces updates and enhancements.
- Atlanta Business Chronicle reports Cardlytics to add over 100 jobs.
- CreditUnions.com looks at solutions demoed at FinovateFall earlier this month.
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.
- CU Journal reports Minnesota's Postal CU unveils mFoundry's M-Banking.
- Payments News reports Cardlytics' System Uses 'Big Data' to Deliver Targeted Rewards.
- TIO Networks launches TIO Connect to simplify onboarding for bill issuers and to open new markets.
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.
- Kashoo signs accountant.org to its MVP program.
- The WSJ looks at SecondMarket's life after the Facebook IPO.
- 2 Minute Finance gets a personalized demo from Cardlytics.
- Virtual Piggy moves headquarters to Hermosa Beach.
- Taulia and Cloud Trade join forces to ease invoice process for buyers and suppliers.
- peerTransfer partners with Educational Computer Systems (ECSI) to broaden its reach.
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.
Here's a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune's live blog on PaymentsViews, which covers all 63 presenting companies:  2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee
Link BillGuard Demo @ Finovate Spring 2012 Conference (Day 1) by Bobby Lee
Cardlytics Demo @ Finovate Spring 2012 Conference (Day 1) by Bobby Lee
Concur Demo @ Finovate Spring 2012 Conference (Day 1) by Bobby Lee
Flint Mobile Demo @ Finovate Spring 2012 Conference (Day 2) by Bobby Lee
Mitek Systems Demo @ Finovate Spring 2012 Conference (Day 1) by Bobby Lee
TIO Networks Demo @ Finovate Spring 2012 Conference (Day 1) by Bobby Lee
WattzOn Demo @ Finovate Spring 2012 Conference (Day 1) by Bobby Lee
Bank Innovation 5 Finovate Demo-ers' News Catching Our Eye by Mary Wisniewski
4 More Finovate Products We Like by Mary Wisniewski
Bank Technology News Best of Finovate Spring Day 1 by Penny Crosman
Best of Finovate Spring Day 2 by Penny Crosman
Dwolla Pitches Fast Fund Transfers, but Bank Participation is Vital by Sean Sposito
Edo to Harness Payment Data to Spur Consumer Spending by Victoria Finkle
WattzOn Helps Banks Help Customers Save on Energy Bills by Sean Sposito
BankersLab Blog CreditLab Launch: Reactions and Responses
BankNXT Finovate, Simple, and Re-Imagining Banking Applications by Bradley Leimer
Live at FinovateSpring 2012- day 1 by Jelmer de Jong
Live at FinovateSpring 2012- day 2 by Jelmer de Jong
BetaKit CoverHound Debuts Comparison Tool for Auto Insurance by Cheronne Thurab
Business Insider Finally, a Mobile App That Helps You Save Money: Meet Urge by Willy Staley
Business2Community What Does $4.6 Billion in Coupon Savings Have to Do with Savvy Consumers? by Andre Bourque
C'est pas mon idée! FinovateSpring 2012: quoi de neuf? by Patrice Bernard
Currency Marketing Blog Four Conference in Four Days by Tim McAlpine
Credit Union Times MoneyDesktop Named Best of Show at FinovateSpring Conference by Natasha Chilingerian
Daily Disruption Flint Mobile Announces Beta Launch at Finovate and Closes $3 Million Round of Financing by Tim Rygh
The Daily Guardian (BillGuard's blog) Financial Community Awards BillGuard Best Of Show at Finovate by Maryanne
DCisions Blog DCisions at Finovate Spring 2012 by Kritika Ashok
Des Moines Register Dwolla offers software for free by Adam Belz
Des Moines Register Blog Dwolla, Social Money earn praise at national banking conference by Marco Santana
Excelsior Kuspit, el primer Finovate mexicano by Alicia Salgado
Experian Blog Business IQ Express... what is the media saying? by Roslyn Whitehurst
FamZoo Blog Finovate Winners by Bill Dwight
Finextra Flint taps phone cameras for card payments
SoMoLend closes $1.17 million seed round
Forrester Blog Finovate Spring 2012: Digital Financial Services Innovation by Tiffani Montez
FP Pad [Video Spotlight] inStream Solutions CEO Alex Murguia at FinovateSpring 2012 by Bill Winterberg
[Video Spotlight] iQuantifi CEO Tom White at FinovateSpring 2012 by Bill Winterberg
[Video Spotlight] Sarah Carter of Actiance at FinovateSpring 2012 by Bill Winterberg
Iconowatch Accelerating Innovation at Finovate 2012 by Hans Eisenbeis
Investment News Personal Capital launches iPhone app by Davis Janowski
Lazy Man and Money What's Hot and What's Not from Finovate 2012
Mercury News Money Goes Mobile
Montreal Gazette Montreal's Wall Street Survivor teaches about investing by Jason Magder
MyBankTracker Can FinTech Stop You from 'Showrooming?' by Willy Staley
MoneyDesktop: How Personalized Deals Shine in PFM Tools by Simon Zhen
Save Your Wallet, and Maybe the Planet, with WattzOn by by Willy Staley
On Deck Capital Blog Photo Journal: Our Finovate Demo
PaymentsNews Highlights from Finovate Spring 2012 San Francisco
PaymentsViews Live Blogging Finovate Spring 2012 San Francisco by Erin McCune
The Paypers ZipZap rolls out CashCade payment service
PaySimple Blog PaySimple at Finovate by Sarah Jordan
PC World New Web Apps and Services for Business by Yardena Arar
QuidLabs Finovate Best in Show by Aliisa Rosenthal
SecurityPark.net BehavioSec voted 'Best of Show' for biometric solution by audience at Finovate Spring, San Francisco
Silicon Prairie News With upgraded FiSync, Dwolla cuts 3-5 day wait to real-time by Michael Stacy
Silver Tail Systems Blog Finovate Spring Demonstrates a Growing Richness in Online Interactions by Laura Mather
Social Lending Network Roundup of Social Lending News - May 12, 2012 by Peter Renton
TechCrunch Capital One Snags Mobile Savings Startup BankOns, Team Moving To Capital One Labs by Sarah Perez
Flint: A New Mobile Payment App For Small Businesses Picks Up $3M From Storm, True Ventures by Ingrid Lunden
How Personal Capital Wants To Bring Money Management Into The Internet Age [TCTV] by Colleen Taylor
Nearing The 1M User Mark, Expensify Adds 'Trips' Feature To Mobile Apps by Colleen Taylor
The Anti-Groupon? Edo Launches Real-Time Local Offers Platform, Tied To Your Bank Card For Instant Credits by Sarah Perez
Tradestreaming List Of Winners Of Top Fintech Conference, Finovate by Zack Miller
World News (wn.com) Instream Solutions Ceo Alex Murguia At Finovatespring 2012
Afterwards, Cardlytics showed its geographical revenue visualization for merchants:
"Cardlytics will be demonstrating the impact of showing merchants how and where their revenues are being generated on a geographical representation."
Product Launched: 2012 (Early Q3)
HQ Location: Atlanta, GA Company Founded: February 2008 Metrics: Since its founding in 2008, Cardlytics has been a leader of innovation with recent accolades, including being named one of the 100 most innovative private companies in the world by Red Herring. The company has also raised over $60 million in venture capital from leading investors in both Silicon Valley and Boston and a strategic investment from the world's leading loyalty company, Aimia.
Introducing Jason Brooks (Managing Director, UK) and Rod Witmond (SVP, Product Management and Marketing)
 We recently looked back at Finovate's Best of Show Awards archives and wanted to share the list of the 41 award-winning companies. Here's the Best of Show history that stretches back to 2007, the inception of Finovate:
Held October 2, 2007
Mint: Online PFM for individuals
Held April 29, 2008
First ROI (now BancVue): Develops products and services for community financial institutions
Jwaala: Provides software solutions to help financial institutions compete
Zecco: Online stock and options trading
Zopa: P2P lending network
Held October 14, 2008
Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile
Mint: Online PFM for individuals
Neosaej's MoneyAisle: Platform where banks compete in live auctions for an individual consumer's business
Held April 28, 2009
BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills
SimpliFi: A web service that allows anyone to create and update their own financial plan
Held September 29, 2009
BancVue's Kasasa: national checking/ savings account brand for community financial institutions
Credit.com: Provides free interactive tools, education, and unbiased comparisons of quality financial products and services
Yodlee: Provides personalized financial solutions to financial institutions
Held May 11, 2010
Expensify: Online and mobile expense report platform
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
Wikinvest: A platform for investors to share trading tips
Held October 4-5, 2010
Betterment: Investment account for savings management
BillShrink (now Truaxis): Loyalty rewards provider
Bundle: Provides socially informed money management for individuals
Dynamics: Produces and manufactures intelligent powered cards
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
PayNearMe: Cash transaction network for the underbanked
SecureKey: Token-based authentication technology
Held February 1, 2011
eToro: Social investment network
Finantix: Provides sales and advice solutions for financial services
Meniga: Online PFM for financial institutions
Held May 10-11, 2011
BancVue: Develops products and services for community financial institutions
BankOns: Mobile app offering consumers real-time savings at local merchants
Dwolla: Online, mobile, and social peer-to-peer payment platform
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via their devices' cameras
PayNearMe: Cash transaction network for the underbanked
Wikinvest: A platform for investors to share trading tips
Held September 20-21, 2011
BillGuard: People-powered antivirus for bills
Dynamics: produces and manufactures intelligent powered cards
eToro: Social investment network
FamZoo: Online "virtual family Bank"
FeeFighters: Platform that simplifies the process of choosing a merchant account provider
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
Personal Capital: Online financial advisor helping people manage their investments
Held February 2, 2011
Dynamics: produces and manufactures intelligent powered cards
eToro: Social investment network
Nutmeg: Online investment manager that democratizes saving and investing
- HelloWallet signs with Mercer to provide PFM tool to employees.
- The Glass Hammer profiles Lynne Laube, President & COO of Cardlytics.
- Desert News highlights ReadyForZero's creativity in helping consumers understand credit card debt.
- Money Marketing looks at practical ideas from FinovateEurope, uses Meniga as example.
- Heartland Bank selects ID Theft 911 to provide ID theft protection management, and resolution services to customers.
- Business Centric Services Group and partners launch new training workshop to empower businesses to market online.
- Tradeshift introduces CloudScan to simplify invoicing.
This post will be updated throughout the day as news and developments emerge. You
- Kony and VASCO form alliance to offer a higher level of security for mobile applications.
- Daily Disruption features Matt Fellowes, HelloWallet CEO, as the disruptor of the day.
- Credit Union Times reports Fiserv melds P2P services ZashPay & Popmoney.
- Finextra talks with Cartera Commerce, Cardlytics, Segmint, and Truaxis (formerly BillShrink) about how banks can use reward programs.
- Finsphere awarded U.S. patent recognizing innovation in mobile identity authentication.
- T8 Webware wins interactive media award at the 2012 ADDY Awards.
This post will be updated throughout the day as news and developments emerge. You
Here's a look at press coverage from FinovateEurope on Tuesday:
ABA Banking Journal Innovative payment startups, 2012 Edition
ArcticStartup ETRONIKA Creates Kinect-Based Security For Online Banking by Greg Anderson
Backbase Blog FinovateEurope 2012: a brief review by Jelmer de Jong
 Bank Innovation 7 New Services Launched at FinovateEurope 2012 by Mary Wisniewski
Banking Technology Finovate Europe packs in the punters
Blick Log Finanzinnovationen von der Finovate by MNOCKERL
bobsguide Finovate Europe points way to the future by Neil Ainger
Celent Another take on Finovate by Gareth Lodge
FinovateEurope 2012: More Payments and Mobile, Less PFM by Zilvinas Bareisis
Innovative Payments Startups, 2012 Edition by Zilvinas Bareisis
Commercial Integrator Etronika Unveils Improved Microsoft Kinect-Based Online Banking by Rachel Cericola
Finance 2.0 Finovate 2012: Der erste Eindruck by Boris Janek
Financial Services Club Blog The best of innovation in finance: #Finovate Europe 2012 by Chris Skinner
Finextra Live at Finovate by Pat Carroll
Finovate AcceptEmail's Service Creates an Electronic Bill that Can Be Paid by Mobile
Actiance's Socialite Engage Helps Advisors Manage Social Media
Aimia and Cardlytics Help Merchants Track Offers and Revenue
Backbase Improves Bank 2.0 Portal Manager
Business Centric Services Group Launches CreditHQ
Brokertainment's StockBattle Lets Users Engage in Social Betting on Stocks
CurrencyFair Launches QuickTrade Feature
Dynamics Shows Off Smart Credit Card
eToro Introduces Guru Finder, Launches iPad App
ETRONIKA Revolutionizes How Users Interact with their Online Bank
Fenergo's Deal Manager Helps with Client On-Boarding and Account Opening
Figlo Makes Financial Planning Accessible on Any Device
FinovateEurope 2012 Live Twitter Transcript
Finsphere's Solutions Keep Online Banking Secure
Fiserv Introduces Mobiliti M-Cash
Handpoint Launches Secure Payment Solution for Tablets and Smartphones
Holvi Unveils Group Account Technology
IND Group's Banking-Front Office Gamifies Personal Finance
InvestorBee From DCisions Helps Users Make Sound Investment Decisions
Ixaris Demonstrates Customizable Card Program in a Box
Kabbage's ScoreKard Gives Online Merchants a Dashboard of Health
Liqpay's Zip.liqpay.com Allows for Easy Online Payments
Luup's Wallet System Facilitates the Internal Authorization Process
Meniga Upgrades PFM to Align with How People Think About their Money
miiCard Launches Open Beta of a Digital Passport for Online Identification
Mootwin Enables Users to Better Manage Mobile Apps
Nutmeg Offers a Tailored Investing and Saving Experience
PayPal Demonstrates Instant Account Creation
Ping Identity Shows How Financial Institutions Can Use Social Networking Logins
Sandstone Launches Mobile Banking App
Serverside's Technology Creates Viral Marketing Through Facebook
Service2Media Enables Secure Mobile Payments
Striata Launches Paperless Adoption Technology
Tradeshift's Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices
VALid from ValidSoft Uses Voice Authentication
Wipro Brings Customer Acquisition to the Tablet
 Forrester BlogsFinovate Europe 2012: Innovation In Digital Financial Services by Benjamin Ensor
FSTech Finovate Europe: best of show winners by Scott Thompson
Hotwire PR blog Finovate Europe 2012 - the aftermath by Ben L
I Programmer Kinect The Ultimate Security Device by Harry Fairhead
Inside Brunei fm ETRONIKA Brings online banking to Gesture Control, But Why? by Roshan Jerad Perera
miiCard Blog Impact of Financial Services in 2012, from FinovateEurope by Cassie Anderson
A Cookie for Your Thoughts by Cassie Anderson
Mircea Mihaescu Blog Finovate London-- More Old News? by Mircea Mihaescu
Money Marketing Ian McKenna: Technology the key to building scale by Ian McKenna
Ian McKenna: The new wave of FS tech by Ian McKenna
My Bank Tracker Wave Your Arms in the Air: Etronika's Gesture-Based Banking by Willy Staley
Nutmeg Blog Nutmeg wins 'Best of Show' at Finovate Europe by Aisha, Jono and Nick
OCTO Talks! Innovation dans les services financiers: Retour sur Finovate 2012 by Joseph Glorieux
Partners in Prepaid Finovate 2012: New Kids on the Block by Duygu Tavan
Payment Observer Trends and Innovation in Finance: FinovateEurope 2012 by Martin Schuppelius
psfk Kinect-Powered Online Banking Logs You In With Your Face And Voice by Emma Hutchings
Slash Gear ETRONIKA produce Kinect-based online banking by Chris Burns
TechCrunch Europe Lithuanian company develops Kinect-powered online banking system by Mike Butcher
TekFin Financial Services and Data exhausts by Yann
Ubergizmo Kinect based online banking from Etronika a reality now by Edwin Kee
Visible Banking Cardlytics: Merchant Coupons within Online Banking [INTERVIEW] by Christophe Langlois
Currency Fair: the P2P Marketplace to Exchange Currency on your Terms [INTERVIEW] by Christophe Langlois
Etronika: Kinect Banking at the Branch, Minority Report Style [INTERVIEW] by Christophe Langlois
etoro: Copy Trading, Gamification and Personal Branding [INTERVIEW] by Christophe Langlois
Finovate Europe 2012 (Photos, Videos, Crowdsourced Blog Coverage) by Christophe Langlois
Holvi: One Stop Shop for Groups - Crowdfunding, Budgeting, Expensing by Christophe Langlois
iBrokr's StockBattle: the World's First P2P Option Game [INTERVIEW] by Christophe Langlois
IND Group: Bringing Gamification into the Online Bank [INTERVIEW] by Christophe Langlois
Kabbage: for SMEs, More Social Media Engagement = More Cash [INTERVIEW] by Christophe Langlois
LiqPay's Zip: a Payment Details Shortener 'bit.ly Style' [INTERVIEW] by Christophe Langlois
Meniga's CEO: PFM Fully Integrated to Online Banking [INTERVIEW] by Christophe Langlois
Nutmeg: Providing Private Banking Services to the Masses [INTERVIEW] by Christophe Langlois
Ping Identity: Tapping Social Media to Customize Customer Experience in Banking by Christophe Langlois
Serverside Group: Customize your Card Design on Facebook [INTERVIEW] by Christophe Langlois
Vision Research Lab Finovate-- look out for these companies by Duygu Tavan
Finovate-- Who to look out for by Duygu Tavan
Finovate: Hot stuff from Finland - meet Holvi by Duygu Tavan
Zawya Luup launches Mobile Travel Authorisation & Budget Management Service
 At Tuesday's second annual FinovateEurope, 35 companies laid it on the line within the grueling 7-minute demo format plus a day of networking in the old London fish market on the Thames.
For the first time ever, and much to our astonishment, every demo finished at or under the time limit. Thankfully, we never had to hear the bell signifying that time is up. At the end of the last demo, eligible audience members (note 1) voted for their three favorite demos (note 2). All 35 companies received votes (employees of presenting companies cannot vote), but four stood out in the vote tally (alphabetic order):
 Cardlytics (with Aimia) showed its in-statement ad platform and management tools (demo recap)
 Dynamics which launched its "chip and choice" card for
the chip & pin world (demo recap)
 eToro which launched its crowd-sourced "guru finder"
to help locate traders to follow/copy (demo recap)
 Nutmeg launched an investment service focused around the needs
of the everyday investor (demo recap)
 Dynamics and eToro are previous Best of Show winners. You can read our live blog posts on each demo now. And in two or three weeks we'll have the full demos available at Finovate.com. Thanks to everyone who attended and presented. We are truly humbled by the support from the European financial community, and we are already making plans for the 2013. ------------------------------ Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites as the day went on and choose three favorites only from the demos of that day. Ballots were turned in at the end of the last demo session each day.
3. The exact written instructions given to attendees: "Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted."
4. The four companies appearing on the highest percentage of submitted ballots were named Best of Show.
Then, Aimia and Cardlytics demonstrated a solution that will help merchants keep track of offers and revenue: "Aimia will be demonstrating the merchant-facing portal, powered by Cardlytics, that is used by merchants to track offers served, activated, and revenue earned. All bank-facing channels and capability are pointless elements if the merchants aren't engaged. The Aimia solution enables that merchant engagement."
Product Launched: October 2011 HQ Location: Atlanta, GA, U.S.A. and London, U.K.
Company Founded: February 2008
Metrics: Raised $60 million, 100 employees, 70 million U.S. households (Q1-12)
Website: aimia.com
cardlytics.com Presenting Lynne Laube (President & COO at Cardlytics), Jonathan Harman (Chief Development Officer, EMEA at Aimia), & Rod Witmond (SVP Product & Marketing at Cardlytics)
Bank of America announced yesterday that it chose Cardlytics to power its transaction-based rewards program called BankAmeriDeals: Reuters reports: "Customers will receive offers through the bank's online banking website. The discounts will be awarded in the form of cash payments once a month. Customers need not sign up for emailed coupons or check a separate web site, as bargain hunters do with offerings from Groupon Inc and others."
Bank of America will begin testing the technology this week but has not disclosed when it will officially launch for customers. To learn more about Cardlytics, watch its FinovateFall 2011 demo with ActivePath and come to FinovateEurope 2012 on February 7 to see its live demo.
- American Banker reports PayPal tests its POS system at Office Depot.
- LBi integrates Service2Media platform for clients including Coca-Cola, & Sony. Come see Service2Media demo live at FinovateEurope on February 7.
- Small Business Trends examines the pros and cons of financing a startup using Prosper, Lending Club, or Lendio.
- Ping Identity launches blog called Identity Matters. Come see Ping Identity at FinovateEurope Feb. 7 in London.
- FiPath announces campaign to encourage Generation X to save for retirement.
- Currensee receives additional $2 million in series C financing.
- Finovate interviews David Barrett, CEO of Expensify http://bit.ly/zVZzD9
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.
- Business Insider looks at how BillGuard and Simple use Big Data.
- Dough Roller recommends using HelloWallet to keep track of your cash.
- P2P-Banking looks at Zopa's online marketing spending.
- NACS Online explores the Dynamics smarter credit card.
- American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
- PayPal's payments technology to reach all Home Depot locations by March.
- SecondMarket exceeds $1 billion in deals.
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.
To wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year.
The results were impressive:
- A total of 34 companies received funding, some more than once
- The companies collectively raised over $423 million dollars
- The months with the highest number of companies receiving funding were June August, both with 8 companies
- The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:
January -- $40.8 million raised by 3 companies February -- $10.3+ million raised by 3 companies
March -- $20.4 million raised by 4 companies
June -- $124.4 million raised by 8 companies
July -- $1.1 million raised by 1 company
August -- $103.4 million raised by 8 companies
September -- $33 million raised by 1 company October-- $22 million raised by 2 companies November -- $16.3+ million raised by 3 companies December -- $52.2 million raised by 5 companies Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
 As promised last week, here is our second "sneak peak" into the hot young startups and established leading companies that will demo their latest fintech innovations at the second annual FinovateEurope next February 7th in London.
As we mentioned in the first sneak peak, we asked each handpicked company to "whet your appetite" by providing a short summary in their own words of the innovation that they will be debuting on stage. We've compiled them below.
Don't miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you'll lock in the early-bird price! _______________________________________________________
 Backbase will be presenting major new features in its Bank 2.0 Portal Manager, focusing on the following key points:
- Improved editor for page composition on regular browsers and mobile devices
- Advanced segmentation and targeting for different customer groups
- Fully integrated forms editor for enrollment and BPM
- Advanced analytical and performance tools
Innovation type: Marketing, mobile and tablet UI, online UI
Aimia's unique advertising platform, powered by Cardlytics, enables banks to deliver rich, relevant rewards to their customers. The platform uses customers' unique purchasing history to deliver rewards that strengthen retention rates, increase card usage and improve customer relationships. The Cardlytics platform does all this without the need for any personally identifiable customer data.
Critical to the success of the programme is merchant engagement. Aimia and Cardlytics will be demonstrating the portal which is used by merchants to track offers and report on revenue. The suite of merchant management tools allows merchants to deliver targeted strategies that deliver measurable results.
Innovation type: Cards, marketing, rewards
 eToro provides you with immediate access to the largest investment network in the world giving you the ability to quickly find and easily build your own people-based portfolio of top performing traders. Automatically copy every trade your personal dream-team makes into your own investment account and start copying the success of the most successful traders.
eToro reinvents the way people invest their money by propelling them into the fast growing world of social investing. Take advantage of the wisdom of the crowds and make smarter investment decisions with full transparency and control over your invested funds at any given time.
Innovation type: Investing, online UI, PFM
 KYC compliance is a hot topic for financial services and Fenergo will introduce its Deal Manager application for client on-boarding, KYC compliance and account opening.
Fenergo will demonstrate how banks and financial institutions can reduce the burden and cost of KYC compliance with its straightforward application which manages all of the complex KYC data gathering and document processes and ensures full compliance with industry regulations.
The best bit is that its Deal Manager application also supports credit processes and legal document execution, so processing new client applications has never been so straightforward.
Innovation type: Back office, sales
 An onboarding tool that increases customer engagement at the same time? Figlo offers you a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible for everyone on any device.
Curious? Figlo's 7 minute demo will reveal the power of financial insight.
Innovation type: Mobile and tablet UI, sales
 Handpoint will be demonstrating the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. The solution supports all card payments; magstripe (MSR), Chip & PIN, Chip & signature and contactless NFC Payments (2012).
With Handpoint's Platform-as-a-Service acquiring, banks and MNOs can offer small/micro merchants card payments, tablets, and smartphones under their own brand name.
Innovation type: Payments, mobile and tablet UI
 Holvi replaces the plain old bank account with a current account built from the ground up for group activities. It helps customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations and they can do all their banking with Holvi, without needing another bank account.
Holvi is regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and it has the necessary banking partnerships in place to operate payment accounts for customers on a pan-European basis.
Innovation type: Banking, online UI, payments
 Facebook logins are crucially important. Online banking logins are severely difficult to remember. Can something be done about this and still meet the highest standards of identity security?
Ping Identity will show you how to deliver the best login experience to your prospects and customers. Don't turn them away with form filling and repetitive password requirements. Give them access to your financial networks and partners. Build trust and relationships with your customers.
Innovation type: Identity, marketing, security
 Meniga is expanding its PFM solution to add a new, highly user-centric layer on top of traditional online/mobile banks.
The interface de-emphasizes real accounts and actual balances and instead shows "uncommitted balance" and virtual accounts. It also allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account's balance becomes too low to meet commitments and forecasted expenses.
Innovation type: Online UI, Payments, PFM
 Investing is scary. I can invest, but I forget to buy or sell or rebalance. My financial advice has been useless. I want to be in control of my finances. I know I should be doing more with my money.
Nutmeg knows that investing is about more than money. It's a passport to the life you want. That opportunity shouldn't be reserved just for the wealthy, or just for those in-the-know.
Nutmeg asks, what if investing were simple and beautiful? And what if everyone could do it?
Innovation type: Investing, online UI, PFM
 Banks around the globe have really struggled to understand how they can leverage the power of Facebook.
Serverside has developed a new and unique way to leverage Facebook in an exciting and engaging manner that drives real brand value, loyalty and engagement from your customers.
Innovation type: Cards, marketing
 Going paperless saves money and improves customer service. However, most customers are not switching off paper because the registration process is inconvenient, complicated and results in having to remember another username and password and to fetch the document every month.
Striata's eConsent puts you in control of the paperless conversion process. Its clients are exceeding their paperless objectives and achieving a positive ROI in a matter of months.
Innovation type: Back office, communications, marketing
 What would make the biggest impact on the way you manage cash flow and financing? Improved processes? Streamlined operations? Or maybe more flexibility in the way you manage payment terms with suppliers?
Things change. Shift happens. Tradeshift has already transformed invoicing, now its doing the same with supply chain finance.
Innovation type: Back office, payments, small business
- Bank Technology News lists ActivePath, Cardlytics, and PayPal as 3 of the top 10 tech companies to watch.
- mFoundry powers First Hawaiian Bank's m-banking.
- The Houston Chronicle examines how Dwolla helps consumers give money to friends & family without exchanging cash.
- Mixergy interviews Matt Fellowes, CEO of HelloWallet, to discover how it went from 0 to 300K subscribers in 5 months.
- Plastyc receives over $1.2 mil in new funding from undisclosed investor.
- Acculynk forms International Internet PIN Acceptance Consortium with major e-commerce merchants.
- Taulia's billFLO to continue service beyond December 1 shutdown date.
- Continuity Control doubles 3rd quarter revenue, partners with BancVue.
- PeerTransfer partners with Tuition Management Systems.
- MasterCard invests in mFoundry to bring PayPass to mobile phones.
- Dwolla now free for transactions under $10.
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.
- Fox Business News interviews SmartCredit.com's John Ulzheimer.
- TechCrunch reports PayPal's cyber Monday mobile payment volume is up over 500% from last year.
- Bank Technology News profiles ActivePath.
- Samurai from FeeFighters is now incorporated into Shopify in beta.
- eRollover.com changes its name to FIPath.com.
- Discover placed on 2011 InformationWeek 500 list that honors America's most innovative users of business technology.
- Bank Technology News profiles Cardlytics.
- E*Trade to use Mitek's remote check deposit technology.
- Silicon India Startup lists SimpliFI as a tech tool to track investments.
- Credit Karma correlates consumers' credit scores with their email domain name.
- Fierce Finance IT looks to Cardlytics, BillShrink, Clovr Media, FMN Technologies & Segmint for transaction-driven marketing.
- Credit Union Times shares Andera's stats from bank-transfer day.
- GCS Federal Credit Union to offer Geezeo's online PFM tools.
- CIBC selects Kony Solutions to develop and deploy CIBC's mobile brokerage app.
- City AM lists eToro as a way to sell your trading homework.
- Citywire money discusses P2P platforms Zopa, Prosper, and Lending Club.
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.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.
Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.
Private Companies
- Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
- Kabbage had the highest percentage growth year-over-year, up 280x.
- Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
- SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.
 Source: Compete.com retrieved the week of October 26, 2011
1) The previous month recorded was August 2011 2) Sears Credit Score is powered by CreditKarma.com 3) Truaxis was formerly BillShrink 4) Kasasa is powered by BancVue
Public companies
- CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
- Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
- Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.
 Source: Compete.com retrieved the week of October 26, 2011
1) The previous month recorded was July 2011. _______________________________________________________ Notes: 1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 3. NM = not measurable 4. t= tie 5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
|
|
|
 |
Watch Demos
Click above for video archives of all demos.
Twitter
See all Finovate tweets |
Watch Demos
Subscribe RSS
Subscribe Email
Follow Us
Contact Us
Topics
