Finovate Alumni News

Around the web

  • TSYS launches new data analytics platform, Analytics Intellisuite.
  • Let’s Talk Payments interviews Rippleshot CEO Canh Tran, co-founder.
  • International Business Times previews the arrival of LoopPay-powered Samsung Pay in the U.K.
  • Business Insider looks at the growth prospects for Zopa, P2P lender.
  • New investors can now open Lending Club accounts on LendingRobot.
  • CU Mobile Apps (CUMA) chooses Cachet Financial Solutions as its preferred mobile deposit provider.
  • Holvi launches iframe to enable users to embed Holvi online store products into external websites.
  • Yodlee cites innovations from PayPal, Credit Karma, Personal Capital, and ReadyForZero in its piece 7 Habits of Highly Successful Fintech Startups. Check out Yodlee, PayPal, and Personal Capital at FinDEVr San Francisco 2015.
  • Dwolla gives account holders option to enable two-factor authentication.
  • Lend Academy: Lending Club announces open integration, third parties jump on board.
  • Kony achieves mobile competency status awarded by Amazon Partner Network.
  • Motif Investing celebrates the launch of dollar-based trading with Free Trading Day on Friday

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.

LoopPay-powered Samsung Pay Launches

LoopPay_homepage_2015

Move over, Apple Pay. Featuring technology from Finovate Best of Show winner LoopPay, Samsung’s Samsung Pay mobile payment service is on its way. We spotted founder Will Grayling on the CBS Evening News last night demoing the technology at a Manhattan retailer.

Samsung’s decision to acquire LoopPay in February for $250 million clearly signifies that Samsung is stepping up to the challenge of Apple’s mobile payment technology, Apple Pay. Samsung has since announced its unique take on mobile payments will launch in South Korea on 20 August and in the United States on 28 September. Next up: Launches in Spain and China.

Samsung Pay will be preloaded on Galaxy S6 Edge+ and Galaxy Note 5. The technology will be available for free download on Galaxy S6 and S6 Edge.

Loop_stage_FS2014

CEO Will Graylin demonstrated LoopPay’s mobile payment technology at FinovateSpring 2014 in San Jose.

LoopPay’s magnetic secure transmission (MST) technology enables mobile devices to communicate with the mag-stripe readers of point-of-sale payment terminals. By placing the mobile device near the reader, consumers can pay for purchases with a variety of stored credit and debit cards (although LoopPay is quick to point out that due to tokenization, no credit or debit information is stored on the device or actually transmitted during the transaction).

Authentication comes courtesy of either fingerprint, or pass-code. MST technology—being compatible with much of the existing POS technology—differentiates it from Apple Pay which relies solely on near field communication (NFC) to transmit information; Samsung Pay uses both NFC and MST.

Read more about the differences between Apple Pay and Samsung Pay (with Android Pay thrown in for good measure) here.

Talking about his company’s acquisition by Samsung shortly after the announcement, LoopPay CEO Will Graylin pointed out that Apple Pay wasn’t in mind when his company and Samsung began working together.

“A lot of the focus was really ‘How do we solve a bigger problem, which is consumer adoption,'” Graylin said in an interview with USA Today. “Consumers are not going to adopt if they can’t use a vast majority of their cards at a vast majority of merchants.”

LoopPay was founded in August 2013 and, post-acquisition, remains headquartered in Boston, Massachusetts. The company won Best of Show at FinovateSpring 2014 for its demonstration of Loop and LoopWallet.

Finovate Alumni News

On Finovate.com

  • “LoopPay-powered Samsung Pay Launches

Around the web

  • MSN Money interviews Betterment CEO Jon Stein on the relationship between Baby Boomers and robo-advisors.
  • Xero announces plan to help SMEs get bank loans.
  • Jessica Ellerm talks with Mitchel Harad, SocietyOne CMO.
  • Discussion on multifactor authentication features insights from Thomas Bostrom Jorgensen, CEO of Encap Security.
  • Fox News looks at Realty Mogul in a feature on real estate investing for non-millionaires.
  • Blackberry selects PayPal for its P2P Payments provider.
  • ThreatMetrix appoints Armen Najarian as chief marketing officer.
  • Team One Credit Union and Mshift expand pilot tests of MShift’s AnyWhereMobile by bringing more merchants on board.

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

  • “The Next FinTech Unicorn? Rumored $150 Million Heading to Kabbage
  • “Reparo Loves Mambu: Partnership Brings New Loan Options to UK SMEs”

Around the web

  • Datamonitor looks at how “wealth giants” are responding to the challenge of robo-advisors like Betterment.
  • Atom Bank chooses front-office technology from Intelligent Enviornments and back-office technology from FIS.
  • Fujitsu’s PalmSecure biometric technology comes to Fiserv’s DNA account-processing platform.
  • e27 reviews technologies like LoopPay and the prospects for digital wallet use in Asia.
  • Brian Armstrong, Coinbase CEO, says bitcoin will be the world’s reserve currency within 15 years.
  • The Telegraph highlights Zopa in its look at the safety of peer-to-peer lending.
  • Kony launches the latest version of its mobile backend-as-a-service (MBaaS) solution, Kony MobileFabric 6.5.
  • Fox Business News interviews Realty Mogul founder and CEO Jilliene Helman.
  • itBit hosts Bankchain Discover Summit for financial industry professionals.

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

  • “FinovateFall 2015 Presenting Companies Announced

Around the web

  • Pymnts interviews Karmic Labs CEO Ryan Weidenmiller.
  • Kony Announces Asia Pacific and Japan Expansion.
  • Bankless Times features Cloud Lending Solutions.
  • Let’s Talk Payments names multiple FinDEVr alums in its list of 29 APIs to Consider Before Building Any Fintech Product.
  • Betterment, Financial Guard, Personal Capital, Vanguard, and Wealthfront are featured in a Bloomberg Business column on options for new investors.
  • Samsung introduces its Loop-equipped Samsung Pay app in South Korea.
  • Tamebay interviews Peter Plewman, CurrencyTransfer.com director, on the volatility of the euro.
  • Trulioo taps identity and fraud specialist, Jon Jones, as new company president.
  • Business Insider looks at “transformative” fintech leadership at companies like Braintree, Coinbase, PayPal, SamsungPay (with Loop), and Venmo.
  • Forbes highlights Zopa in its review of the growth of P2P lending in the United Kingdom.

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

  • “PayPal’s Early Valuation Tops $44 Billion”
  • “Monitise to Emphasize API, On-Site Solutions in Strategy Shift”

Around the web

  • Xero to offer foreign invoice payments via new partnership with Midpoint Holdings.
  • Loop featured in profile of Samsung Pay.
  • PYMNTS.com takes a look at PayPal CEO Dan Schulman’s conversation with the Financial Times.
  • Gulf News Banking highlights Zopa in its review of the rise of P2P business lending.
  • Ferratum Group selects Mambu to Power SME Lending.
  • Top Image Systems to deploy an automated multichannel and mobile data-capture project for online financing company that provides funds to India-based SMBs.
  • Lighter Capital closes 100 deals.
  • CDApress recommends FamZoo to help kids understand personal finance skills.
  • Credit.com blog lists Global Debt Registry as a tool to help get rid of an old debt.
  • Better ATM Services CEO Todd Nuttall quoted in Australian Times column on how technology delivers a growing share of bank services.
  • The Bitcoin News interviews the new online marketing manager for Bitbond, Chris Grundy.
  • Wall Street Journal features PsychSignal in a review of stock market sentiment and social media.
  • Inc. feature on Silicon Prairie highlights Blooom, Hip Pocket, and Dwolla.
  • Rise in tech investment in the United Kingdom credited to companies like Azimo and Currency Cloud in London’s fintech sector.
  • Forbes column on investing for millennials features Hedgeable.
  • Realty Mogul adds two new vice presidents of commercial real estate.

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

  • Social Money Teams Up with Sallie Mae to Provide Goal-based Savings Accounts
  • Finovate Debuts: Shoeboxed’s Features Help Banks Dig Into Level 3 Data
  • Personal Capital Launches Retirement Planner to Give You a Reality Check

Around the web

  • Trustly creates double-digit increase in conversion rate after launching with Logitravel, now constitutes 40%+ of all transactions.
  • PYMNTS interviews Vishal Patel, senior marketing leader at Tradeshift on how the company makes the supply chain run smoothly.
  • Personal Capital launches retirement-planning tool.
  • Finance Magnates features Tradier in today’s Fintech Spotlight.
  • NICE Actimize, a division of NICE Systems, launches its Customer Due Diligence suite.
  • Mobile Syrup features FinanceIt, “the money lender for the smartphone age.”
  • InvestorIntel for Investors highlights Lending Club, Prosper, and FundAmerica in its look at startups in the crowdfunding industry.
  • Upstart Business Journal talks about how Malauzai Software is enabling “wearable banking.”
  • Let’s Talk Payments interviews Jingit CEO Kate Bolster.
  • BuzFeed lists TradeHero among its “13 apps that’ll teach you something new every day.”
  • Business Insider examines how LoopPay could help Samsung take the “early lead” in mobile payments.
  • PaymentsSource quotes Prairie Cloudware CRO Doug Parr in a column on Apple Pay adoption (sub req).
  • Payments Source features BehavioSec’s biometric security solution (paywall).
  • Emitac Enterprise Solutions partners with Kony to speed the delivery of enterprise mobile apps.
  • Cartera Commerce launches Splender, a new eCommerce and cash-back shopping website.

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

  • Finovate Debuts: Token Creates a Secure Payment Ecosystem

Around the web

  • PYMNTS chats with Ripple Labs CEO Chris Larsen, co-founder.
  • Forbes lists Transferwise as 1 of 3 fintech startups you should know.
  • Inc. names Planwise, Trulioo, WePay, Flint in its look at the evolution of fintech.
  • After launching with Tradier, QuantConnect saw a 300% jump in user-engagement signals, including traffic, coding and backtesting.
  • Fiserv expands card-production capabilities to speed EMV chip-card migration.
  • TechCrunch column on fintech startups features Lending Club and LearnVest.
  • PYMNTS.com quotes LoopPay CEO Will Graylin in a discussion of how Apple, Google, and Samsung “pitch payments.”
  • Market Prophit adds Nasdaq Last Sale real-time data to its analytics platform.
  • Queens Gazette columnist calls MaxMyInterest “a way to get back at the banking industry for their pitifully low interest rates on savings.”
  • The Financial Times’ review of P2P lending for business and consumers features Zopa.
  • Ernst & Young name TransferWise co-founders Taavet Hinrikus and Kristo Käärmann “Entrepreneurs of the Year” for 2015.
  • Great Friday reading material! Draft co-founder Brad Lawler describes how he was inspired by Finovate.

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

Around the web

  • D3 Banking unveils its new mobile app.
  • American Banker takes a look at itBit and its plan to become a trust company in New York State. See itBit at FinovateSpring 2015.
  • PYMNTS.com’s roundup of the “Mobile Wallet Wars” features LoopPay.
  • Everett Blog previews version 3.0 of Encap’s smart authentication solution.
  • Financial-SpreadBetting.com interviews Sarah Brylewski, managing director at Ayondo.
  • BioCatch and Mistral Mobile win spots on Red Herring 2015 Top 100 Europe. See Mistral Mobile at FinovateSpring 2015 in San Jose.
  • TradeHero releases version 3.1.0 of its Android app.
  • DRAFT featured at LaunchingNext. See DRAFT’s Finovate debut at FinovateSpring in San Jose next month.
  • NICE Systems partners with Capgemini to deliver a new Robotics Automation Hub.
  • Washington Business Journal interviews Blake Hall, CEO of ID.me.
  • peerTransfer to provide its international tuition payments service at another 56 educational institutions.
  • TechCrunch’s guest column on “industry convergence” in financial services highlights Telenor Banka.

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 Alums Take Gold, Silver and Bronze at PYMNTS Innovation Awards 2015

Sixteen Finovate and FinDEVr alums have been recognized by the PYMNTS Innovation Awards 2015. Three alums, MasterCard , Clover Network and OnDeck took home top honors in their categories, winning gold in “Best New Technology,” “Best POS Innovation,” and “Best Small Business Innovation,” respectively. The rest of the alum field earned silver and bronze in 13 additional categories, including LoopPay, which earned Silver for Best New Technology and a Bronze for “Most Innovative.”

InnovationProject2015_homepage

More than 600 companies competed for the awards, with more than 10,000 votes tallied. Finalists were selected by an expert panel, and the top five companies in each category were submitted to the “PYMNTS community” for voting. In addition to the Innovation Awards, the event recognized Phil Tomlinson of TSYS (also a Finovate alum) and Michael Joseph of Safaricom, inducting both into the PYMNTS Hall of Fame. Two women, Carey Kolaja, VP of Global Consumer Products for PayPal and Perse Faily, CEO of Tillster, were also recognized at the event. Apple took home the Innovation Award’s Catalyst Award for what MPD CEO Karen Webster called during the award ceremony, “creating a roadmap for the industry” with its ApplePay innovation.

The full list of winning alums is below. For more information about the Innovation Awards 2015, including the full list of all finalists, visit their page here.

Gold

Silver

Bronze