Alumni News: Week of May 2 and May 9

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Backbase

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Backbase will provide TCS Bank in Russia with a website integration solution through Bank 2.0 Portal. Link

Bill.com

Bill.com rolled out Sage Peachtree Sync, software for controlling bill payment and management. Link

BrightScope

BrightScope released its second annual list of the Atlanta-based companies with the best 401k plans. Link

CashEdge

CashEdge expanded Popmoney service by adding Popmoney for Prepaid. It also announced a partnership with TxVia. Link 

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Check Point Software Technologies

Check Point was listed on Acadian Asset Management’s Top 15 Buys list.  Link


Cortera

Cortera announced a new version of its PULSE app, a customer monitoring service. The new version will add Growth Clues alert.  Link


DebtGoal

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DebtGoal hired Igor Vaks, former Experian CIO, as new COO. Link


eToro

eToro emerged as the preferred platform for building forex wealth through web trading.  Link

Expensify

Expensify advertised on giant billboard in the Bay Area. Link

Fiserv

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Fiserv announced improvements to its Relationship Rewards. Link

ID Analytics

CoreLogic partnered with ID Analytics to integrate ID Network with LoanSafe Fraud Manager. Link

ID Analytics will host Advance 2011, its 9th Consumer Risk Management Conference, this September.  Link

IP Commerce

IP Commerce recently raised another round of funding. Link

Lending Club

Lending Club issued a record high of $17.5M loans in April. It is the 4th record month in the past 5. Link

Lending Club won Webby Award for the Banking/ Bill Paying category. Link


Mint 

Mint won Webby Awards for the Financial Services category. Link

MoneyAisle

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yAisle launched live auctions for unsecured personal loans to help consumers across a wide range of credit scores. Link

PayNearMe

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PayNearMe raised $16M in funding from new and current investors. Link

Plastyc

Plastyc won a patent for improved online payment methods. Link

Prosper

Prosper increased loan volume by more than 50% compared to 3 months ago, issuing over $5M in new loans in April. Link

Yodlee

Yodlee is looking into developing mobile apps with new “FinApp Store” strategy. Link

Alumni Updates — Week of April 18, 2011

To follow updates from Finovate alumni companies in real time, be sure to follow us on Twitter.
 
Backbase extends content services offerings. Backbase CMS is available as an add-on module. http://bit.ly/finovate420112
BancVue launched “Money Island,” an educational game for children to be offered by banks and financial institutions. https://demo.moneyisland.com/
BillFloat partners with Online Resources to offer small-dollar loans to biller clients. Online Resources will now offer BillFloat as a payment option. http://bit.ly/finovate418112
Doxo signs Oregon Federal Employees Credit Union (OFECU). Members will be able to receive statements and banking documents via the service. http://bit.ly/finovate421111
Dwolla will provide an online payments option at Tikly, an online ticketing startup  expected to launch within the next thirty days. http://bit.ly/finovate418113
eToro surpasses 1.5 million users. The company cites the growth of thousands of members joining per day since the launch of eToro’s social platform, OpenBook. http://prn.to/finovate421113
PayPal and Discover partner on person-to-person payments. Rollout begins this week for Discover’s person-to-person payments system. http://bit.ly/finovate42112
Several Finovate Alumni firms have been nominated for Webby awards. Good luck to Lending Club, Mint, Billeo and Kashoo. http://bit.ly/finovate420116
SmartyPig eliminates redemption fees. Transferring SmartyPig savings account funds to a retailer gift card is now free. http://bit.ly/finovate418111
Yodlee partners with Boursorama to provide Money Center service. Boursorama customers will receive the Money Center PFM service free of charge. http://bit.ly/finovate420115

Alumni News — Week of January 17, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Acculynk brings PaySecure PIN security to mobile devices. – The mobile PIN payment system should be available to consumers in first quarter 2011. http://bit.ly/finovate119113
AlphaClone is mentioned on Wall Street Journal front page article, “Pack Mentality Grips Hedge Funds.” – The story ran Jan 15, 2011 and details the similar strategies in hedge fund management. http://bit.ly/finovate118113
Backbase opens a New York City office to house field operations staff and help to serve East Coast financial institutions. http://bit.ly/finovate117112
Bill.com partners with Track1099 for easy, paperless IRS-1099 filing. – Users can report independent contractor payments in two easy steps direct from their bill.com page. http://bit.ly/finovate118112
iPay Technologies launches Biz 2.0 Crossover to help small businesses convert to business online bill payment. – The system identifies businesses using consumer online bill pay and targest them for upgrade to the business version. http://bit.ly/finovate119111
Kasasa adds Neighborhood Credit Union to the fold. – NCU is the largest credit union in the Dallas-Ft. Worth area. http://bit.ly/finovate117114
Kony solutions raises $19.1 million for mobile application platform. – Kony creates mobile applications for numerous industries including banking and investments. http://tcrn.ch/finovate119115
Frost and Sullivan names mFoundry “Entrepreneurial Company of the Year” in the mobile banking category. http://bit.ly/finovate121114
Mint and TurboTax team up to make taxes easier. – Mint allows for tagging of deductible transactions and free e-filing via Turbo Tax. http://bit.ly/finovate121111
SilverTail Systems is hosting a Webinar on Jan 27 covering the differences between ecommerce and online financial Fraud. — http://bit.ly/finovate117111
SmartyPig’s cash rewards card wins Paybefore award twice. – Congratulations to Smartypig for winning in two categories, “best general purpose reloadable program” and “best consumer value in prepaid.” http://bit.ly/finovate12112
Joseph Leone, former vice chairman and CFO of CIT Group, joins the board of advisors at The Receivables Exchange. – Leone is a nationally recognized expert in commercial lending.  http://bit.ly/finovate118111

Alumni News — Week of January 9, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Backbase is holding an engagement banking seminar on January 27. — Attendance is free, but pre-registration is required. http://bit.ly/finovate114111
Blippy has been nominated for a Crunchie award. — The awards, given in a number of startup  categories, are a joint effort by three tech blogs: TechCrunch. VentureBeat and GigaOM. http://tcrn.ch/finovate113114
FeeFighters (formerly TransFS) has raised an additional $1.6 million in funding. — FeeFighters helps businesses comparison shop for credit card processing services. http://tcrn.ch/finovate113112
Fifth Third Bank will offer Popmoney from CashEdge. — Popmoney, an e-mail based money transfer system, will be available to Fifth Third customers in mid-2011. http://bit.ly/finovate110113
Firstmark Credit Union selects Geezeo for PFM platform. — The credit union, with  90,000 members with $700 million in assets, will use Geezeo’s white label platform . http://bit.ly/finovate1101
iBearSoft releases Money 5.0 mobile app. — The new release includes several speedups and new features. http://bit.ly/finovate1112
Jwaala offers free trials of the Better Online Banking (BOB) platform for credit unions. — The trial platform can be launched within two days of the request and allows prospective clients to see all of the available features. http://bit.ly/finovate113113
Kabbage raises an additional $6.5 million to support its loan business targeted to eBay and other online sellers. — This round was led by BlueRun Ventures and UPS Strategic Enterprise Fund. http://tcrn.ch/finovate113111
Kashoo users get a 30% discount on electronic tax filing with eSmart Tax. http://bit.ly/finovate114112
PerkStreet and Lending Club offer cash prizes for creatively shredding credit cards. http://bit.ly/finovate111113 or shredyourcreditcard.com
Plastyc and eBillMe launch a new banking system for self-employed users. — The platform allows users to receive clients’ electronic payments directly. http://bit.ly/finovate112112
SafetyPay signs deal with Brazil’s Banrisul. — This will allow Banrisul Bank’s three million customers to make purchases in their own currency by way of SafetyPay’s service. http://bit.ly/finovate111111
SmartyPig launches its first iPhone app. — Users can add to their savings,  manage goals and even contribute to another user’s goal. The app also includes a location-based tool to find participating merchants.  An Android app is planned for February. http://bit.ly/finovate110112
Tyfone receives a fourth patent for mobile e-wallet technology. — This newest patent, is entitled, “Asymmetric cryptography with user authentication.” http://bit.ly/finovate112111
The Mii card, powered by Yodlee, becomes a digital passport for online authentication. — See the Mii card in Action at FinovateEurope. http://www.miicard.com/

Alumni News — Weeks of December 13 and 20, 2010

To see Finovate news updates in real-time, follow our feed on Twitter

Backbase explores mobile banking in its fall webinar series. http://bit.ly/finovate1293

BlazeMobile creates smart payments sticker.http://bit.ly/finovate12133

BrightScope releases top 30 retirement plans. http://bit.ly/finovate12143

Capital Access special report on “Black Friday” and small business sales data. http://bit.ly/finovate1282   

SunTrust has added the “Transfer Now” product suite from CashEdge including person-to-person and me-to-me transfers. http://bit.ly/finovate12165

ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281 

Expensify is hiring for multiple positions. – The company is currently looking for Web developers and computer engineers at several levels. http://bit.ly/finovate1216

FIS launches innovative new mobile banking product. — Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291

Geezeo selected by University Federal Credit Union as PFM provider. http://bit.ly/finovate12151

GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292

Kapitall closes series A funding round. — The company did not release funding amounts or sources. http://bit.ly/finovate12163

Kasasa on “green” community banking. — See what a green bank looks like. http://bit.ly/finovate12132

Seventy percent of US Airlines have migrated to Kony Mobile-powered travel apps. http://bit.ly/finovate12142

Lending Club featured in San Fransisco Chronicle, Black Enterprise, and PBS. http://bit.ly/finovate12131

mFoundry deploys Washington Trust Bank’s mobile banking app. — This makes 260 customers so far using the mFoundry mobile applications. http://bit.ly/finovate12161

Congratulations to Mint founder, Aaron Patzer, winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296

Mozo powering new “Compare, Ditch and Switch” campaign. — The services allows Australians to shop around for better banking services.  http://bit.ly/finovate1283

Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com

SmartyPig launches cash rewards card with only a one-time activation fee of $4.95. http://bit.ly/finovate12134

Victrio receives $5 million investment for voice-printing technology. http://bit.ly/finovate12141

Alumni News — Weeks of November 28 and December 5, 2010

PopMoney (from CashEdge) wins award for excellence in Web design from the Interactive Media Council. http://bit.ly/finovate11301
Speculation from MarketWatch: Could ClairMail be headed for an IPO? http://bit.ly/finovate11306
ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281 
Expensify continues to grow its currency support base — Expensify is now supporting 159 currencies. http://bit.ly/finovate1232
Robert Scoble uses Expensify for expense reports. http://scoble.it/finovate11305
FIS launches innovative new mobile banking product. — Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291
GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292
This week’s Jem 5 at Jemstep explores diversified fixed income funds. http://bit.ly/finovate1294
Generations FCU goes live with Jwaala’s “Better Online Banking.” http://bit.ly/finovate1237
Just for fun: Kasasa releases banks’ playlists. See this week’s from Jeff Davis Bank. http://bit.ly/finovate1236
Lending Club enjoyed a flurry of news coverage. Read the summaries  here: http://bit.ly/finovate1224 
Lending Club mentioned in PBS nightly business report. http://to.pbs.org/finovate1297
Mint.com now available in Canada. http://tcrn.ch/finovate1234
Congratulations to Mint founder, Aaron Patzer; winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296
Monitise to bring mobile payments to Nigeria. http://bit.ly/finovate1231
Mozo powering new “Compare, Ditch and Switch” campaign to allow Australians to shop around for better banking services.  http://bit.ly/finovate1283
Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com
The new SmartyPig rewards MasterCard provides up to 10% cash back at select retailers. http://bit.ly/finovate11303
Tyfone receives additional patent for electronic wallet technology. http://bit.ly/finovate11304
Wikinvest is even more mobile with Blackberry and Android Apps. http://bit.ly/finovate1235
Y Combinator and Yodlee cooperate to provide financial data services to startups. 

Weekly Updates — Week of November 15, 2010

To see Finovate news updates in real-time, follow our feed on Twitter

Backbase is launching its fall webinar series. — The first 25 signups get a copy of Brett King’s new book “Bank 2.0.” http://bit.ly/finovate11193
Billeo is powering the new American Express inSite service. — Amex users get rewards and bonuses from within their browser. http://bit.ly/finovate11162
BillFloat shines at the “Under the Radar Conference.” — The company won the “Judges’ Choice” and “Audience Choice” awards in the Commerce category.  http://bit.ly/finovate11163
Blippy lets users “fancify” their profiles. http://bit.ly/finovate11154
Data is king at BrightScope. — See the  O’Riley Radar article which includes a five-minute video on how the startup gathered 401k plan info from the Department of Labor  http://oreil.ly/finovate11192

Credit Sesame launches. — Public Beta is open to everyone. http://bit.ly/finovate11171 Excellent info-graphic about consumer debt in America http://bit.ly/finovate11182
eRollover announces new website. — The new site is designed to be easier to navigate and better show analytic tools. http://bit.ly/finovate11153
GoalMine launches with $25 reward to users who establish a $25 per month investment plan. — The program not only encourages ongoing investment, but highlights the convenience of the company’s online GoalPack gift card system. http://bit.ly/finovate11152
Ixaris launches Secret Path Developer Challenge. — Secret Path rewards developers who build payment applications on Ixaris Opn for social media networks, mobile devices and ecommerce. http://bit.ly/finovate11172
Kasasa Poetry Challenge. — Poets can win cash prizes, and have their work used in a Kasasa commercial. http://bit.ly/finovate11194
Monitise and US Bank work together for contactless payments solution. http://bit.ly/finovate11173
Mozo wins Deloitte’s Rising Star award. — The award is for companies in operation for fewer than three years. http://bit.ly/finovate11191
PayNearMe garners $16 million in venture capital. — Khosla Ventures led the funding round. The company will also be launching a mobile payments application. http://bit.ly/finovate11161 
SmartyPig adds 21 new “Best in Class Retailers” just in time for holiday shopping. — Retail partners boost users’ savings by up to 14% when the savings goal is withdrawn via their gift card. http://bit.ly/finovate11155
Tempo Payments powers reward card for Sheetz convenience stores. — The decoupled affinity debit cards are independently-branded rewards debit cards, which link to the customer’s checking account. http://bit.ly/finovate11151
Wikinvest launches Android and Blackberry apps which allow users to view their accounts regardless of brokerage. http://tcrn.ch/finovate11181

FinovateFall 2010 Demo Videos Now Available

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We’re pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall’s NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition! 

(P.S. If you’re interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)


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Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

FinovateFall 2010 Demo Lineup Revealed

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We’re very excited to reveal the 56 cutting-edge companies that have been selected to demo their latest technology innovations on October 4 and 5 in New York City at FinovateFall.

Over the show’s two days, attendees will get to watch the future of fintech and banktech unfold on stage via fast-paced demos (28 each day) from these innovators. And then have a chance to interact with top executives from each of the demo companies during intimate networking sessions.

Without further delay, here’s the list of companies we’re excited to showcase:

If you’re interested in attending the conference, registering now will save you $100 on your ticket via the early-bird discount and reserve your spot (space is limited and we’re expecting to sell out). We’ll see you in New York!


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Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Last Chance for FinovateSpring Early-Bird Tickets — Only 2 Days Left to Save!

FinovateSpring 2010 LogoJust a quick reminder that the early-bird ticket prices for FinovateSpring 2010 (May 11, San Francisco) will expire at the end of March (less than 2 days from now). If you register by March 31, you’ll save $100 on your ticket and lock in your spot to see debuts and demos of dozens of new financial and banking technological innovations. 

We’ve handpicked an amazing list of companies to demo their latest including:

Tickets are selling well with hundreds of registered attendees from great organizations like: 

  • AARP
  • BNP Paribas
  • CBS
  • Experian
  • Google
  • Intuit
  • Kaiser Permanente
  • Mechanics Bank
  • Tower Group
  • USAA
  • Visa
  • Aite
  • Capital One
  • Celent
  • Filene
  • H&R Block
  • Jack Henry
  • Motley Fool
  • Target
  • PayPal
  • US Bank
  • Wells Fargo
  • Alliant Credit Union
  • Canaan Partners
  • Discover
  • Forrester Research
  • ING DIRECT
  • Highland Capital
  • Javelin Research
  • NY Times
  • TransUnion
  • Venrock
  • Wired Magazine

FinovateSpring is one of our twice-yearly showcases of the best new ideas in banking and financial technology. The show is built around a unique blend of fast-paced demos of actual technology (no slides!) and high-quality networking with an audience of senior FI executives, fintech entrepreneurs, VCs, press, industry analysts and bloggers. It’s an awesome environment to find your next competitive edge.

Don’t miss out on the early-bird price on your ticket to this great show. Register now!

P.S. Online Banking Report subscribers are entitled to an extra discount to our Finovate conferences. Email me to get it.


ericphoto.jpgEric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

FinovateSpring 2010 Demo Companies Revealed

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We’re very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. The quality of the new ideas that will be demoed on stage is very high this year and we’re incredibly excited to showcase them to you.

The demoing companies selected (that we can reveal so far) are:

These companies will be showcased to an audience of senior financial/banking/credit union executives, influential press, industry analysts, venture capitalists, bloggers, tech companies and entrepreneurs.

A sampling of the great organizations already registered to attend includes: AARP, Aite, Alliant Credit Union, BNP Paribas, Capital One, Celent, Discover, Experian, Fidelity, Filene, Forrester Research, Google, Highland Capital, Intuit, Javelin Strategy, Jack Henry, Mechanics Bank, Motley Fool, NY Times, PayPal, Tower Group, USAA, US Bank, Venrock, Wells Fargo, and Wired Magazine.

We’d love to have you join us at the spring event and watch the future of finance/banking unfold onstage. If you register today you’ll save $100 via the early-bird ticket discount. Please note that the early-bird prices expire at the end of this month and space is limited so lock in your spot now!


ericphoto.jpgEric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.