Finovate Alumni News

On Finovate.com

  • “Prosper’s BillGuard Unlocks Premium Features for All Users.
  • “Zopa Partners with Equifax, Boosting its Risk-profiling Capabilities”

Around the web

  • Ledger launches developer edition of hardware wallet.
  • Jack Henry’s ProfitStars now has 20+ institutions that have implemented Gladiator Hosted Network Solutions.
  • RTN FCU to power its insurance agency with Insuritas.
  • InComm plans Atlanta expansion, will add 200 employees.
  • TransferTo joins with Continental Money to bring remittance services to Kenya.
  • Bankless Times features Bento for Business and its solution for helping small businesses control employee spending.
  • Marx Noctor of Arxan explains the importance of protecting apps “down to the source code” in CBR Online.
  • Business2Community features Expensify and DocuSign in its list of nine apps to help you run your business on the go. See DocuSign at FinovateEurope 2016 in London.
  • Adelaide Now profiles small-business lender Spotcap. Join Spotcap in London for FinovateEurope 2016.
  • Mobile ID World looks at the reception to EyeVerify’s mobile app.
  • Tradier reaches milestone: 100 financial services firms are now directly integrated with Tradier’s brokerage platform.

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

Finovate Alumni News

On Finovate.com

  • “StockTwits Offers Brokerage Functionality Powered by Robinhood”
  • “Finovate Debuts: bleu Unveils its Beacon-powered, Point-of-Sale Solution”

Around the web

  • TechCrunch names Stockpile gift card on list of Awesome Gifts For Your Favorite 20-Something.
  • Prosper recognized as 24th fastest-growing company on Deloitte’s Fast 500. San Francisco Business Times places Prosper as number 3 of the Fastest Growing Companies of 2015.
  • Kashoo launches period-locking feature to lock data within prescribed timeframes.
  • Built in Colorado names Google, OnDeck, Ping Identity, Personal Capital, Xero, and PaySimple on list of top 100 tech companies in Colorado.
  • TickSmith’s TickVault platform earns the fast-growing firm an Innovators Award from FIA.
  • CenturyLink and Cogent enter into interconnection agreement.
  • RAGE Frameworks partners with Genpact, leveraging AI to automate financial processes.
  • Los Alamos National Bank chooses FIS as its new core banking provider.
  • National Bonds to deploy AML Risk Manager from Fiserv.
  • Geezeo launches its Life Infused Financial Experiences custom apps.
  • Let’s Talk Payments looks at edo Interactive and its partnership with Visa Europe.
  • Azimo extends its money-transfer service to Nigeria.
  • Fidelity Clearing and Custody teams up with EverSafe to help prevent elder financial abuse.
  • TransferTo joins forces with Continental Money to bring remittance services to Africa.

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

Finovate Alumni News

Around the web

  • mBank partners with PayU to bring mTransfer Mobile to Poland.
  • WS Integration awarded Little British Battler status by Techmarketview.
  • BizEquity named one of the ‘Best Entrepreneurial Companies in America’ by Entrepreneur magazine’s Entrepreneur 360 Awards.
  • Bluepoint Solutions partners with Gro Solutions for mobile account opening.
  • Germany-based vaamo now enables customers to open accounts online.
  • Irish Mirror features Revolut among 8 startups “you need to know about” at the Web Summit in Dublin.
  • Forbes takes a look at how Dwolla is bringing real-time payment technology to CME Group.
  • BNY Mellon’s Leda Glyptis lists Heckyl Technologies among her personal favorite startups.

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 Best of Show Winners announced

Around the web

  • OnDeck and Intuit join forces to launch $100 million lending-fund for small businesses. See Intuit at FinDEVr 2015 in San Francisco in October.
  • The Appzillon Banking Solution from i-exceed technologies earns deployment at two banks in India.
  • Azimo and TransferTo team up to provide mobile top-up services in more than 100 countries.

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.

TransferTo’s Mobile Money Hub Brings Efficiency to Remittances

TransferTo’s Mobile Money Hub Brings Efficiency to Remittances

This post is part of our live coverage of FinovateFall 2015.

TransferToLogoTransferTo showed how its Mobile Money Hub enables consumers to send remittances directly to a mobile wallet:

TransferTo’s Mobile Money Hub provides a fully compliant single point of access for financial institutions and Mobile Money Hub’s operators worldwide. We are demonstrating the process that a customer performs when going online to send money directly to a mobile wallet. Believe it or not, those of us in the West are quite unfamiliar with the simplicity of mobile money-transfers. We are revealing the efficiency of remittance via Mobile Money Hub to the Finovate audience.

Presenters: TransferTo’s CEO Eric Barbier and EVP of Mobile Money Hub, Charles Damen

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Product Launch: September 2015
Product distribution strategy: Direct to Business (B2B)

HQ: San Francisco, California
Founded: 2005
Website: transfer-to.com
Twitter: @TransferTo

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Emailage Detects Fraud Through User’s Email Address”
  • “Finovate Debuts: FundAmerica Helps Crowdfunders Stay Compliant”
  • “TIO Networks Garners $1.7 Million From Secondary Stock Offering”

Around the web

  • CashStar names Katherine Edenbach as its new corporate controller.
  • E-SignLive by Silanis picked as a KMWorld Trend-Setting Product of 2015.
  • CIO cites Avoka’s win of most innovative customer solution during Citi’s demo day in London.
  • Aquiline Capital Partners reveals an investment in Fenergo, an Irish-client, lifecycle-management specialist.
  • Intuit to sell off Quicken with no plans to divest Mint or Mint bills.
  • Holvi launches app for iOS and Android.

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.

FinovateFall Sneak Peek: TransferTo

FinovateFall Sneak Peek: TransferTo

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The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference. We’ll see you in New York!

TransferTo FinovateTransferTo operates a global Mobile Money Hub, enabling organizations to transfer money in real time to mobile phones. The company expects 1 billion mobile money-accounts by 2020.

Features:

  • Faster – real-time transfer to even the most remote locations
  • Better value – lower costs
  • More secure – strong compliance engine screens each transaction

Why it’s great
TransferTo helps businesses offer mobile money, goods and services, and airtime top-ups around the world in real time. TransferTo will launch its Mobile Money Hub at Finovate Fall.

Presenters

TransferToPresenter1Eric Barbier, CEO
Barbier founded TransferTo in 2005. He previously co-founded Mobile 365—the global leader in mobile messaging interoperability of SMS—which was acquired by Sybase in 2006 (for $425 million USD).
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TransferToPresenter2Charles Damen, EVP Global BD, Mobile Money
Damen is responsible for the development of Mobile Money and its strategic partnerships. Charles was a founding member of Mobile 365 and his previous positions include head of global payments at Badoo.com
LinkedIn

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Finovate Alumni News

On Finovate.com:

Around the web

  • Lendio launches new commercial real estate financing division.
  • AcceptEmail announces first major reseller agreement since opening U.S. headquarters.
  • Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers.
  • TransferTo enables Xoom customers to instantly send airtime credit online from the U.S. to international prepaid mobile phones.
  • Payment Alliance International to offer CardFlight’s EMV mPOS acceptance solutions to its market-partner distribution-network and merchant customers nationwide.
  • Yodlee’s write up of fintech innovation in Europe highlights TransferWise.
  • State Bank of India partners with BankBazaar to provide an online platform to home loan borrowers to apply for SBI Home Loans.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.

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 Debuts: TransferTo’s Mobile Remittance Platform Gives the Sender More Control

Finovate Debuts: TransferTo’s Mobile Remittance Platform Gives the Sender More Control

TransferTo FinovateTransferTo’s mobile remittance platform allows users to send money across borders in real time, and for a specific purpose. The San Francisco-based company aims to solve two pain points in remittance payments:

1) Small remittances incur large fees of up to 50%, making wire transfers an inefficient way to send money under $50.

TransferTo specializes in low dollar remittance payments by creating a low-cost way to send small amounts of money.

2) Senders are not able to control how the recipient spends the money.

TransferTo places the sender in control by allowing them to dictate the specific purpose for which the recipient uses the funds

TransferTo Homepage March 12, 2015

Stats

  • Partnered with a network of 400 mobile network operators and utility providers in 100+ countries
  • Has over 1,000 B2B customers in 30 countries
  • Processes more than 45 million transactions annually
  • Founded in 2005
  • Consumers are using the service 3x per month on average
  • On average, each sender remits money to 2.5 people

The company’s secret sauce is in its partnerships. By connecting the sender’s mobile network operator (MNO) with the recipients’ MNO or utility provider, TransferTo offers a low-friction way to debit and credit the accounts.

Use Cases

1) Top up airtime via SMS
The image below shows the SMS flow. In this case, a user tops up the airtime minutes of their friend or family in the Philippines. Using any device, they send TransferTo an SMS of the recipient’s mobile phone number and select the amount to send, 90 PHP.

After agreeing to the $2 fee, the 90 PHP is automatically and instantly applied to the recipient’s prepaid airtime minutes.

SMS flow of airtime top up

2) Top up electricity meter via mobile app
On a smartphone, the sender uses the mobile web app or native Android app to send remittances. In the example below, the user wants to send 50,000 Indian Rupees (Rp) to a friend or family member in Indonesia.

They enter the recipient’s mobile phone number and meter number and select the amount to load on the prepaid electricity meter. After agreeing to the fee and confirming the amount, the beneficiary instantly receives Rp 50,000, along with instructions on how to apply the balance to their electricity meter.

TransferToAppElectricityPymnt

It is also available on a web platform:

WebViewTransferTo

Depending on the recipient’s geographical region, the sender can specify remittances for:

  • Mobile phone
  • Television
  • Electricity
  • Education
  • Grocery
  • Pharmacy
  • Phone service
  • Healthcare
  • Public Transportation
  • Gas/ Petrol

TransferTo’s API enables financial institutions and money transfer companies to offer a white-labeled service as a complement to traditional P2P payment services. PayPal, Wells Fargo, and Western Union are current clients.

TransferTo demonstrated prepaid electricity remittance at FinovateEurope 2015. Check out the live demo video.

TransferTo’s Remittance Service Enables the Sender to Know How the Money is Spent

TransferToLogo2.jpgThis post is part of our live coverage of FinovateEurope 2015.

TransferTo showed how its Prepaid Electricity Remittance gives the sender more control over how recipients spend their money.

A major and recurring issue with money remittance is the sender not knowing how their money is spent.

TransferTo has developed a new service to overcome this problem whereby the sender can remit value for a specific purpose. We call it Value Remittance. TransferTo works directly with service providers to enable remote payment for services such as utilities, petrol, healthcare, school tuition, groceries, etc.

A great example of this is the Prepaid Electricity in Indonesia. Indonesian migrant workers in the Middle East send millions of rupees back to their families. Instead of sending money, TransferTo enables them to remotely top up the Prepaid Electricity meter of their loved ones back home.

 

Presenters: CEO Eric Barbier, and EVP Charles Damen, global business development

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Product distribution strategy: Direct to Business (B2B)

HQ: San Francisco, California, U.S.A.
Founded: 2005

Website: transfer-to.com
Twitter: @TransferTo

FinovateEurope 2015 Sneak Peek: Part 6

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February is only a few days away, which means that the first Finovate conference of the year – FinovateEurope 2015 – is almost here. We are well on our way to surpassing last year’s record crowd of 1,000. So don’t delay, get your tickets to join us in London on February 10 and 11. 
We’ve just revealed the official list of presenters to help whet your appetite for what some of fintech’s most innovative companies will demonstrate live on stage.
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Today’s installment of our FinovateEurope 2015 Sneak Peek series features Bitbond, Revolut, Smart e-Money, TiViTz, TransferTo, and Wipro.
Previous installments of our Sneak Peek series are below:

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Bitbond is a global peer-to-peer bitcoin lending platform. Get access to affordable loans and profitable savings from all around the world.
Features
With Bitbond AutoInvest:
  • Build a loan portfolio automatically
  • Define regions and risk categories to invest in
  • Re-invest received loan repayments
Why it’s great
Bitbond AutoInvest creates a portfolio of profitable loans for you at 0% fees according to your preferences.
Presenters

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Radoslav Albrecht, Co-founder and CEO
Background in economics. Prior to founding Bitbond, Albrecht was Senior Consultant at Roland Berger Strategy Consultants. Previously with Deutsche Bank London in structured equity.

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Robert Nasiadek, Co-founder and CTO
Programmer since childhood. Before joining Bitbond, Nasiadek started the Ruby on Rails development company, El Passion. Board advisor at Gimmy.pl.

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Revolut is a personal money cloud allowing you to avoid all hidden banking costs.
Features
You can exchange currencies at interbank rates, send them through social networks and spend with a multicurrency card acceptable anywhere.
Why it’s great
Revolut – Personal Money Cloud
Presenters

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Nikolay Storonsky, CEO
Storonsky has eight years experience in financial services (trading). Most recently he worked for Credit Suisse and Lehman Brothers.

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Vlad Yatsenko, CTO
Yatsenko has 12 years experience in developing IT projects in major financial institutions including Credit Suisse, UBS, and Deustche Bank.

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Smart e-Money’s LockByMobile is an anti-fraud security solution which allows you to lock and unlock your cards in real-time using your mobile phone.
Features
  • Provides an extra layer of security for your added peace of mind
  • Easy-to-use interface to lock/unlock your cards with a simple swipe of the finger
  • Customizable lock settings and built-in alerts
Why it’s great
Feel secure when using your card locally or even abroad. With LockByMobile, you have the power to prevent fraud from happening.
Presenters

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Angelito Villanueva, VP & Head of Innovation
With over 20 years experience, Villanueva is the lead in unlocking the huge potential of e-money by introducing digital payments innovations for financial inclusion including building a dynamic ecosystem.

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Guillaume Danielou, Senior Product Manager
With 12 years experience in IT Development/Consulting/Product Development, Danielou has experience working throughout the entire product development life cycle process in international environments.

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TiViTz College $avings Game-a-thon is a fully automated, easy-to-use, market-disrupting, patent-pending, activity-based fundraising tool for children’s college savings.
Features
  • Complements existing financial savings vehicles
  • Creates new college savings accounts and relationships
  • Provides a marketing tool for consumer and business banking
Why it’s great
The Game-a-thon provides families with a solution to afford higher education by significantly increasing children’s savings, while improving their math skills and financial literacy.
Presenters

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Siobhan Mullen, CEO
Former aerospace executive, Special Advisor to the NASA Administrator, and experienced high-tech entrepreneur in launch services, satellite communications and data distribution.

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Stephen Scully, President


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TransferTo’s Value Remittance service is an innovative and unique remittance solution that enables migrants to determine how the funds they send are allocated.
Features
Value Remittance provides direct payment of services such as electricity, mobile airtime, and education, while providing a new revenue stream for financial institutions and MTOs.
Why it’s great
Value remittance allows senders to know exactly how their money is being spent and provides the receiver with instant access to the selected service.
Presenters

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Eric Barbier, CEO
As founder and Chief Executive Officer, Barbier oversees the strategic direction of the company as well as manages the relationships with many of TransferTo’s customers and partners.

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Charles Damen, EVP Global Business Development
Damen is responsible for the development of new services, strategic partnerships, and the growth of global accounts with over 18 years of experience in telecommunications, Internet, and payments.

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Wipro ngGenie Smart Banking Assistant provides the “next generation banking experience” for customers. It helps by providing you with right information at the right place.
Features
A personalized, contextual, next generation user experience for banking customers that can result in reduced costs of serving customers and an increased cross sell / up sell opportunities.
Why it’s great
Wipro myAdvisor helps in day-to-day transactions and acts as your personal financial advisor.
Presenters

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Mukund Kalmanker, General Manager
Kalmanker is a general manager at CTO office and has a rich background in the banking domain. He had earlier handled the banking business for Wipro under the Analytics and Information Management domain.

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Sudhakar Babu Tamminedi, Practice Head
Tamminedi has over 15 years of experience in Consumer and Enterprise Mobility applications across industries. He has provided end-to-end mobility solutions form conceptualization to deployment.

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