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

Mone
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 News — Week of April 25, 2011

On April 27, Prosper gave 200 new lenders $104 to get started. The company is celebrating the news that prosper lenders are averaging 10.4% returns. http://bit.ly/finovate426111

American Banker on Yodlee and Geezeo growth in the PFM market. Yodlee grows French market, and Geezeo signs more credit unions. http://bit.ly/finovate429111
Author Jean Chatzky opens her Debt Diet Challenge to 5 Credit.com readers who are in debt. http://bit.ly/lDmZ54
Bank Innovations highlights six companies as noteworthy to see at Finovate Spring on May 10th & 11th in San Francisco. http://bit.ly/kqBr39
Bill.com releases site upgrade. The upgrade, made over the Easter weekend, includes improved calendar, a revised mobile application, receivables managements and online payments and more. http://bit.ly/finovate427113
BrightScope featured on TechCrunch. The post highlights BrightScope’s launch of advisor pages. http://tcrn.ch/finovate426113
Capital Access Network awarded prestigious award. The company won the 2011 Monarch Innovation Award from Barlow Research Associates. http://bit.ly/finovate425113
CashEdge’s Small Business Survey finds that small businesses want electronic payment solutions. http://bit.ly/kmC1lM
Consumer Reports integrates BillShrink’s recommendations into reviews. BillShrink has similar affiliate relationships with Walmart.com and T-Mobile. http://tcrn.ch/finovate426112
Credit Karma releases Credit Score Climate Report stating credit scores fell two points in the Q1 2011. http://mwne.ws/lnXZn7
Currensee makes Lead411’s Hottest Boston Tech Companies list second year in a row. See them at Finovate Spring. http://bit.ly/lmrLNK
H&R Block names former eBay exec as new CEO. http://buswk.co/ipszZa
Mengia signs with Icelandic banks, Arion and Landsbanki. Mengia will provide PFM services to both banks, which will provide 90% of Icelandic banking customers with access to an integrated PFM platform. http://bit.ly/finovate427112
Monitise launches Hong Kong mobile service with JETCO, which will help it break into the Asia Pacific market. http://bit.ly/kEEcCP
Stock Twits names Francisc Costello chief operating officer.  http://bit.ly/finovate429114
Tile Financial releases the “Spend Grow Give” app. Now available free in the App Store. http://bit.ly/finovate425111
USA Today covers BrightScope’s new tool for choosing the right financial adviser & informs what attributes to look for. http://usat.ly/msrb7l
Wescom Resources Group offers Geezeo PFM to clients. Wescom will be rolling out Geezeo as a complement to the Credit Union’s existing online banking platform. http://bit.ly/finovate425112
Xero releases Xero Touch, its new app built on HTML5 that will run on iPhone, Android, Windows7 and Blackberry. http://bit.ly/eLPrdA
Yodlee holds a mobile banking webinar on May 3. Attendance is free. Details online at  http://bit.ly/finovate427111

Alumni News — Week of March 28, 2011

To follow Finovate alumni news in real time, follow us on Twitter here

Bill.com and Doxo recognized as “AlwaysOn OnDemand 100 Top Private Company.” http://bit.ly/finovate329114 http://bit.ly/finovate329115
Bling Nation launches Social Connect platform. The platform allows Bling users to connect online with social rewards features from their favorite merchants. http://bit.ly/finovate328113
Bobber Interactive garners $1.1 million Series A funding round. This funding round was led by PEAK6 Investments. http://bit.ly/finovate41113
Capital Access expands remittance program to include Puerto Rico and 21 more countries. The Capital Access platform is designed for “daily” remittances and revenue-sharing programs.  http://bit.ly/finovate329111
COCC selects mFoundry as mobile banking partners. The company has selected mFoundry’s mobile INSIGHT product for multi-mode mobile banking services. http://bit.ly/finovate328114
Mint.com launches “Quest for Money” online game. The game is intended for middle school students and is available to play online. http://bit.ly/finovate411111
Morningstar to provide mutual fund Platform to eRollover. eRollover users will have access to Morningstar’s historical information and comparison tools for mutual funds. http://bit.ly/finovate329113
Silver Tail Systems wins Emergent Technology Award. The award, given by the Merchant Risk Council, is rewarding the company’s innovative security systems. http://mwne.ws/finovate328112
Sybase argues NFC is “way overhyped.” In VentureBeat Sybase President Marty Beard argues that it isn’t proven that NFC really is better than the other technologies available. http://bit.ly/finovate41112
Xero launches integrated payroll solution. http://bit.ly/finovate329112 

Alumni News — Weeks of March 7, 13 and 21, 2011

To view our alumni news updates in real time, follow us on Twitter

Andera adds its 500th customer. http://bit.ly/finovate322116
Bill Harris and Mark Goines join the Pageonce Advisory Board. Harris was formerly CEO of Intuit and of PayPal, and Goines was formerly a senior executive at Intuit and Charles Schwab. http://prn.to/finovate322111
Bill.com named to the JMP Securities “Hot 100.” The list includes the 100 best privately held software companies for 2011 according to the investment bank. http://bit.ly/finovate38113
BillShrink adds Anil Arora, Yodlee president and CEO, to its board of directors. The announcement comes just after the launch of “Statement Rewards” from BillShrink. http://bit.ly/finovate322112
Boku moves from virtual-goods billing to real-goods billing in Germany. Now real goods can be added to wireless bills thanks to Boku’s technology. http://bit.ly/finovate324112
Cardlytics wins Judge’s Choice Award in the 2011 Paybefore Awards. The Paybefore  awards are hosted annually by Prepaid Media. http://bit.ly/finovate38111
CashEdge signs Huntington for P2P PopMoney. http://bit.ly/finovate322117
Check out the Filene webinar with Thwakk on how to leverage financial education to increase youth membership. http://bit.ly/finovate322113
Columbus Water Works customers can now pay their utility bill via eWise’s secure payment platform. http://yhoo.it/finovate37113
Cedit Sesame closes on $6.15 million Series B funding round led by Melo Ventures. http://bit.ly/finovate322118
eToro launches “Trade Story.” This social platform helps traders learn the strategies behind other users’ trades. http://bit.ly/hQNDGc
Expensify is featured in Money magazine. http://bit.ly/finovate322114
Guardian Analytics raises $11 million. This is Guardian’s fourth round of funding, this time led by Split Rock Partners. http://bit.ly/finovate323113
H&R Block and Yodlee partner to make it easier to file taxes. http://yhoo.it/finovate3236
ICICI and Intuit partner on a Mint-like platform for India. http://bit.ly/finovate324113

Alumni News, Weeks of February 21st and February 28th, 2011

To see our alumni news feed in real time, visit us on Twitter
Bank of Internet will use Intuit’s FinanceWorks. http://mwne.ws/finovate2241
Betterment reduces fees on retirement accounts. http://bit.ly/finovate224114
Service enhancements at Bill.com. Clone invoices ease automated payments. http://bit.ly/finovate224112
eToro completes $8.3 million funding round led by Spark Capital. eToro has 1.5 million users in 130 countries worldwide. http://bit.ly/f1G99d
eToro launches new user tools, and deposit bonuses. New eToro users can get a bonus of up to $500 to try Forex trading. http://bit.ly/finovate34112
eWise is moving to Denver. The company processes electronic payments and is moving to attract employees. http://bit.ly/finovate22311
Fiserv acquires M-Com to enhance mobile banking and payments capabilities. http://bit.ly/finovate34117
Kiboo got a makeover. The new interface focuses on usability and design. http://bit.ly/finovate34111
Lending Club exceeds $200 million in cumulative peer-to-peer  loans. The combined Lending Club and Prosper volume is now approaching the half-billion dollar mark. http://bit.ly/finovate34118
Lodo Software signs thirty more banks for its OurCashFlow PFM platform. http://bit.ly/finovate34113
MiiCard featured as Microsoft’s Startup of the Day. http://bit.ly/finovate224113
Striata adds Iconix Truemark sender recognition technology to electronic communications. The system adds branded visual identity to help identify genuine emails from financial institutions. http://bit.ly/finovate34116

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 December 29, 2010

To see updates on Finovate alumni companies follow our live feed on Twitter
Bill.com now offers receivable tracking. — The new module, still in Beta, allows users to invoice, and track receivables and even receive payments electronically.   http://bit.ly/finovate12282
Check out the new branding at Bancvue’s Kasasa. — The company has implemented a new, edgier corporate identity, to better blend with the slam-poetry marketing campaign. http://bit.ly/finovate12283
Expensify unveiled a new reporting system. http://tcrn.ch/finovate12292
Kapitall launches new tools for 2011. —  New features include dynamic lists of what’s hot, the most popular trades, and watch lists in every sector.  http://bit.ly/finovate12302
Mint.com goes to school with a new, free financial curriculum for middle schools. — The program, a partnership with Scholastic, will be expanded to 30,000 schools in early 2011. http://tcrn.ch/finovate12281
See Lending Club‘s list of top 100 financial micro-bloggers. http://bit.ly/finovate12284
Congratulations Lending Club on reaching $200 million in funded loans. http://bit.ly/finovate12301
TechCrunch explains why the SEC need not tighten regulation of SecondMarket and other secondary market trading siteshttp://tcrn.ch/finovate12303

Weekly Updates — Weeks of Oct. 25 and Nov. 1, 2010

From PayPal X Conference: Bill.com uses PayPal business payments to transform how businesses get paid. http://bit.ly/finovate10273 and gets a makeover. http://bit.ly/finovate10255
From PayPal X Conference: Bling Nation launches “FanConnect” platform. FanConnect helps consumers and businesses to connect at checkout via social media platforms like Facebook. http://bit.ly/finovate10272
Blippy and Sephora work together to spread the word about cosmetic products via Twitter. See TechCrunch’s story. http://tcrn.ch/finovate10271
Continuity Control and uMonitor partner for compliance automation. http://bit.ly/finovate11334
Dynamics Inc. is profiled in “the future of credit cards” in the New York Times. http://j.mp/finovate102510
From PayPal X Conference: Expensify announces support for expense reimbursement via PayPal. See a demonstration: http://bit.ly/finovate1142.
How Finsphere is helping to prevent identity theft with geo-location and mobile check-ins. http://rww.to/finovate10281
Ixaris partners with Apigee to create payment application development API platform.  — The new platform will be named Ixaris Opn (pronounced “open”). http://bit.ly/finovate1121
From PayPal X Conference: More on Kabbage’s service to provide working capital for eBay Sellers. http://bit.ly/finovate10276
Lending Club welcomes North Carolina and Kansas. Peer-to-peer personal loans are now available in 42 states. http://bit.ly/finovate1141
Mint.com launches MintData to delve into the spending habits of Mint’s 4 million users. The data is anonymous and provides insight into the pocketbooks of customers in 300 U.S. cities. http://tcrn.ch/finovate1122
From PayPal X Conference: Outright.com launches free accounting app in PayPal apps marketplace. http://bit.ly/finovate10274
Citi takes CashEdge’s Popmoney Service live. FinVentures breaks it down. http://bit.ly/finovate1123
The Receivables Exchange Co-Founder and CEO Justin Brownhill was named one of  Silicon Alley Insider’s “Silicon Alley 100.” The list covers New York’s “Coolest Tech People in 2010.” http://bit.ly/finovate11335
SafetyPay pioneers new ways to provide micropayments in the gaming industry. http://bit.ly/finovate10277

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.