Finovate Alumni News

On Finovate.com

  • PayPal Acquires Simility for $120 Million.
  • Finovate Favorites: A Baker’s Dozen of Best of Show Winners.
  • Touché, OCBC Bank Bring Fingerprint Authentication to In-Person Commerce.
  • P2Binvestor Earns $17+ Million in Funding.
  • Veridium Earns $150,000 Grant.
  • Newchip Lands $2 Million in Seed Funding.

Around the web

  • Experian secures FCA accreditation to supply Open Banking and PSD2 services.
  • Finn AI is the latest fintech to join Temenos Marketplace.
  • CFSI names financial health leaders: Envestnet | Yodlee, Finicity, Handle Financial, Lendstreet, Lend Up, Lending Club, Moven, and Simple.

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.

Handle Financial’s Prism Mobile App Reaches $1 Billion in Bills Paid

Handle Financial announced this week that users have sent more than $1 billion in bill payments via its Prism mobile app.

Acquired by Handle in 2016, Prism is a financial management and billpay app that allows users to automatically track bills and account balances, receive due date reminders, and pay bills for free in real time. In conjunction with today’s milestone, Prism recently surpassed 11,000 billers across the country on its platform.

While the app saw high user adoption last year, the company has recently launched new payment options it expects will boost growth even further. The alternative payment options allow users to– for a small fee– pay their bills using a debit or credit card, even if the biller does not offer those payment methods. In cases where the biller only accepts ACH payment, Prism works behind-the-scenes to convert the credit or debit card payment to ACH.

In the future, Prism plans to add even more payment options, such as third party wallets, social money apps, and cash payments. The cash payment option would be an easy addition, since Handle Financial also owns PayNearMe, an app that enables consumers to make online purchases using cash by scanning a barcode on their smartphone.

Richard Kang, Senior Vice President of Consumer Channel for Handle Financial said, “Consumers have wholeheartedly embraced Prism and the power it gives them, as we’ve experienced through its widespread adoption. We look forward to helping even more users get ahead in 2018.”

At FinovateSpring 2017, Handle Financial launched the Handle Platform, which helps companies integrate bill presentment and same-day bill payment technology into their existing platform. Handle Financial is the parent company of Prism and PayNearMe, which was founded in 2009 and presented at FinovateSpring 2013 and at FinDEVr San Francisco 2014. Last July, PayNearMe partnered with Blackhawk Network, giving it access to Blackhawk’s network of retail partners.

Finovate Alumni News

On Finovate.com

  • Tuition.io to Power Student Loan Repayment Benefit for Estée Lauder Employees.
  • Check out sneak peeks from next month’s FinovateEurope presenting companies:
  • Meniga to Support Digital Transformation for French Banking Group, BPCE. See Meniga at FinovateEurope 2018 in March.
  • Handle Financial’s Prism Mobile App Reaches $1 Billion in Bills Paid.
  • Finect Raises Capital as BME Takes Minority Stake.

Around the web

  • Actiance forges partnership with Relativity to bring seamless data delivery to eDiscovery platform.
  • Neustar unveils multi-factor authentication risk assessment tool to help enterprises mitigate fraud risk.
  • Tinkoff Bank and AHML to launch joint venture to offer mortgage loans via new electronic platform.
  • Y Combinator interviews Jake Rosenberg, cofounder and CTO of LendUp.
  • VentureBeat highlights OurCrowd, which has raised $650 million for 145 startups and plans to top $1 billion in 2018.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Vipera Acquires SoftTelecom for $1.5 Million
  • FutureVault Appoints John D. Orr as New CEO.
  • Handle Financial’s PayNearMe Partners with Blackhawk Network.

Around the web

  • CrowdFlower earns Gartner “Cool Vendor” status for Information Innovation and Governance.
  • Braintree surpasses one billion transactions per quarter milestone.
  • Infosys wins three out of seven Catalyst Awards at TM forum Live.
  • Baidu and PayPal announce strategic partnership.
  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Top Image Systems announces eFlow AP 5.2 integration with SAP S/4HANA.
  • Wipro and Compuware partner to launch mainframe center of excellence.
  • Agreement Express ranked among top 100 technology companies in British Columbia by Business in Vancouver.
  • SearchUnifiedCommunications features Bluescape in its look at use cases for digital collaborative whiteboards.
  • Pendo Systems announces trio of new hires to support a “banner year” for the company.
  • Central Bankshares now uses Jack Henry’s Banno for online banking.
  • UN Migration Agency Selects Kony to Accelerate Digital Strategy to Reach More Migrants.

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.