Finovate Alumni News

Around the web

  • Youth savings specialist Virtual Piggy rebrands as REGO Payment Architectures.
  • IBM provides blockchain support for Singapore fintech, Invictus.
  • Qumram wins Growth Stage Startup of the Year at Swiss FinTech Awards 2017.
  • Tradeshift brings on David Ahrens as its new chief marketing officer.

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

  • BioCatch Teams Up with Nuance Communications.

Around the web

  • Worldcore Payment Institution teams up with BioID and presents face recognition authentication at FinovateEurope 2017.
  • Standard Chartered launches banking API portal.
  • Tink now helps banks empower their customers to take control over their finances by leveraging the Tink platform.
  • NetGuardians joins Swiss academic institute HEIG-VD to develop fraud-seeking AI tools.
  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Wealth Wizards launches New mobile version of Pension Wizard.
  • Virtual Piggy launches beta test of its mobile payment platform for children under 17.
  • iSignthis enters agreement to provide KYC services to Calforex and GoInterpay.
  • The Beast Apps joins Symphony Software Foundation.

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

Around the web

  • Virtual Piggy brings on President &CEO of Broad Street Consulting Advisors as its Senior Advisor.
  • Cachet streamlines RDC check settlement process for Banks and Credit Unions.
  • Finovate/FinDEVr alums populate TradeStreaming Fintech’s companies to watch in 2017 list.
  • Finance Disrupted interviews Xignite CEO and founder, Stephane Dubois.
  • Venmo, LearnVest, Qapital, Level Money, and PayPal featured in PC Mag’s Best Mobile Finance Apps of 2017.
  • From Founder to CEO talks with GainX founder & CEO Angelique Mohring. See GainX at FinovateEurope 2017 in London in February.

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.

Virtual Piggy Gets Real, Transitions from Payment Card to Mobile App

logo-virtual-piggyVirtual Piggy, the under-17 payment system, is growing up.

The company announced today that it is transitioning away from its origins as a payment card system in order to embrace real-time, P2P mobile payments. In a note at the Virtual Piggy website titled “A Family Focused Mobile Banking Solution,” the company explains its goal of “restor(ing) value to the company” by partnering with “telecom companies, tech firms, and banking companies; strong companies with the financial wherewithal to progress our framework to fully realized product.”

Specifically, the company is abandoning its white-label, bank-oriented debit card strategy in favor of “instant P2P transfers utilizing mobile phones and online systems.” How will the new approach make money? Virtual Piggy is developing an “instant revenue-generating membership system” which they believe will provide greater flexibility, security, and keep customer acquisition costs—and regulatory hurdles—minimal. Virtual Piggy also announced a set of new software utilities that enhance their intellectual property portfolio including their Real Time Regulatory Oversight (ReTRO); Virtual Piggy Secure Financial Messaging (VPSM); and a data-mining app called Networks of Meaning ad-vantage (NOMad).

It has been just over a year since the company announced the neon release of its Oink 2.0 solution, adding TouchID, enhanced notifications, and P2P functionality to allow family and friends to deposit money in the Oink account. The company was featured in USA Today last spring in a list of five financial must-haves for college grads.

Founded in 2008 and headquartered in Hermosa Beach, California, Virtual Piggy demonstrated its technology at FinovateSpring 2013. Co-founded by Dr. Jo Webber and Pradeep Ittycheria, the company rebranded as Oink in late 2013 and has raised $37 million in funding. John Coyne joined the company as CEO and chairman in May 2016.

Finovate Alumni News

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • Fiserv Adds clearXchange P2P Payments to its Offerings
  • Virtual Piggy Gets Real, Transitions from Payment Card to Mobile App
  • 7 Alum Leaders Named UK’s Coolest People Fintech

Around the web

  • Pennsylvania State Employees CU implements account-origination module from Temenos.
  • Algomi unveils its sell-side engine, Synchronicity, as an SaaS solution.
  • Walletron announces strategic partnership with payment-services company Speedpay.
  • Handpoint Extends Global Processor Reach With EMV Certification To EVO Payments International
  • Xero launches first direct bank feeds in Asia with Singapore’s UOB.

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

  • “FinovateSpring 2016 Best of Show Winners Announced
  • “Vera Reels in Strategic Investment; Adds Former Veritas CEO & Founder to Board”

Around the web

  • Virtual Piggy appoints John R. Coyne as its new CEO.
  • Envestnet | Yodlee initiates strategic partnership with African incubator, AlphaCode.
  • Fiserv launches accounting suite, Prologue Financials.
  • Tuition.io announces support for repayment of Federal Parent PLUS loans.
  • IBM unveils Watson for Cyber Security in collaboration with eight leading universities.

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.

Neon Release Adds Touch ID and Enhanced Notifications to Oink 2.0

Oink_app_homepage_July2015

Touch ID authentication and an enhanced notification engine are among the features in the Neon release of the new mobile app from Oink.

The upgrades balance greater functionality for younger millennials and generation Z on the one hand, with increased transparency for parents and regulators on the other. Dr. Jo Webber, CEO and founder of Oink (formerly Virtual Piggy), acknowledged that specific challenge. “By adhering to U.S. COPPA laws we are delivering the appropriate controls and safeguards to allow Oink money-transfers to be used by all members of the family,” she said.

Oink_Neon_screenshot_250xOink 2.0 is available for download from the Apple Store. The app is optimized for iPhone 5 and requires iOS 7.0 or later.

The app was introduced in early June. It features a new P2P capability that allowed family to deposit funds into an Oink account that could be used to fund a parent-supervised Oink card. The new notifications engine will give parents “complete visibility” into who is funding their children’s accounts, as well as the ability to manage individual funders, and to freeze spending from the account.

This past spring, the app was featured in USA Today’s list of “5 financial musts for college grads.” Oink was founded in February 2008, and is headquartered in Hermosa Beach, California. The company demonstrated its mobile app at FinovateSpring 2013 in San Francisco, having won Best of Show honors at FinovateEurope 2013 in London earlier in the year.

Finovate Alumni News

On Finovate.com

  • “Behalf Closes $119 Million Series D”
  • “Neon Release Adds Touch ID and Enhanced Notifications to Oink 2.0″
  • “ShopKeep Rings Up $60 Million Investment”

Around the web

  • Citibank India and MasterCard launch digital wallet, Citi MasterPass, in India.
  • This is Money features TransferWise in a look at the lack of transparency in exchange fees.
  • LoanNow earns #4 spot in Orange County Business Journal’s “Best Places to Work in Orange County 2015” roster.
  • PYMNTS looks at how PayPal’s Paydiant is powering Subway’s mobile-payments app.
  • Payments Views talks with Doug Yeager, HCE inventor and CEO of SimplyTapp, in its latest podcast.
  • Expensify launches New Investment Fund, Expensify Ventures, for fintech startups.
  • American Banker considers how banks are using startups such as Social Money and Qapital to bolster their offerings.
  • Dashlane launches One-Tap Password Changer for Apple Watch and iPhone.
  • John Hancock Retirement Plan Services now offers Morningstar’s HelloWallet financial wellness tool to plan-sponsors on its Total Retirement Solution platform.
  • Arroweye Solutions to provide EMV Credit and Debit Cards for Mountain America Credit Union.
  • TechCrunch: Betterment tops 100,000 customers and $2.5 billion AUM.
  • Taulia reports record revenue and ten customer wins for Q2 2015.
  • Mobile Payments Today looks at InComm’s drive to bring open-loop prepaid to mobile wallets.

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

  • AlwaysOn’s OnFinance Top 100 Features 30 Finovate Alums
  • SaveUp Purchased by Chicago-Area Entrepreneur Paul J. Burt

Around the Web

  • Turk Ekonomi Bankasi (TEB) launches digital banking service developed by Monitise.
  • Dragon Wealth earns spot in Startupbootcamp FinTEch’s inaugural Singapore program.
  • Ayeyarwady Bank (AYA Bank) to deploy Bankworld ATM platform from CR2.
  • Virtual Piggy hires Viant Capital to provide financial advice on strategic options.
  • MasterCard presents its PFM “in-reach” benefits-platform to help issuers engage millennials.
  • iQuantifi teams up with MTSU Jones College of Business to produce inaugural Millennial Money Mindset Survey.
  • Motif updates its iPhone app to enable search-and-browse capability of motif catalogues directly from the app.
  • FreeAgent launches first iOS app to help manage invoices and expenses on the go.
  • PYMNTS features predictions from Blackhawk Network, Bluefin Payments, CashStar, Experian, FIS, Fiserv, and SimplyTapp.
  • Xero Denver named Top Workplace by Denver Post.
  • American Banker examines how Malauzai is helping small banks get a head start on Apple Watch.
  • PayPal confirms bitcoin acceptance option in SEC filing.

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.

Alumni News– November 21, 2014

  • Finovate-F-Logo.jpgUmbrella.co.uk migrates client base of 1,000+ freelancers and contractors to the FreeAgent platform.
  • Uber helping drivers manage and pay back their student loans by partnering with Tuition.io.
  • Actiance recognized in Gartner 2014 Magic Quadrant for Enterprise Information Archiving.
  • Bloomberg: CAN Capital to weigh IPO with up to $2 billion value.
  • Intuit’s Quickbooks and Xero coming to Square App Marketplace.
  • PayStand sets flat fees for e-check payment option.
  • Virtual Piggy, provider of Oink, launches the Oink Discover prepaid card for teens.
  • Fiserv links its Popmoney P2P payment solution to charitable giving.
  • Yodlee wins top honors at Citi Mobile Challenge Latam 2014.
  • Bazaarvoice announces plans to relocated to new corporate HQ in North Austin.
  • Kashoo announces enhancements to its web app, including more P&L options and increased security.
  • VoiceTrust launches strategic partnership with German biometric cloud security company, BioID AG.
  • The Washington Post features Bionym’s Nymiband.
  • Accenture mentions Thinknum as an innovation that is helping to change the banking industry.
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.