Finovate Alumni News

On Finovate.com

  • Klarna Celebrates Year-Over-Year Sales, Profit Gains.

Around the web

  • Fox Business highlights BILLSHARK in feature on “low-effort” savings strategies. See BILLSHARK at FinovateFall in New York next month.
  • Cardlytics to enable the new mobile rewards strategy from SunTrust.
  • Asseco signs four-year agreement to provide support for the electronic bookkeeping system for Poland’s Ministry of Justice. Join Asseco next month in New York for FinovateFall.
  • Zighra Receives Patent for Proprietary AI-Powered Continuous Authentication Platform.

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

  • Eight Finovate Alums Join Plug and Play Accelerator’s 2017 Class
  • True Potential Exceeds $7.8 Billion Assets Under Management.

Around the web

  • Zighra Appoints Hari Koduvely As Chief Data Scientist
  • Small businesses name Xero the most-loved accounting software for the third year in a row.
  • Pindrop research scientist Dr. Elie Khoury quoted in Speech Text on the rise of voice biometrics.
  • M1 Finance founder and CEO Brian Barnes talks with U.S. News about getting started as a beginning investor.
  • Chain partners with SIX Swiss Exchange and Nasdaq to build blockchain solutions for OTC structured products.
  • ThreatMetrix adds data discovery and visualization features to its fraud prevention solution, Dynamic Decision Platform.

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.

Behavioral Biometrics Startup Zighra Lands $1 Million in Seed Funding

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Behavioral biometrics and fraud prevention company Zighra closed $1 million in seed funding recently. The round was led by the Investment Accelerator Fund, Export Development Canada, and the Business Development Bank of Canada.

This is the Ottawa-based company’s third round of funding. The amounts of the first two rounds were undisclosed, but Zighra’s funding total is now greater than $1 million. Zighra CEO Deepak Dutt said he plans to use the funds “to go into acceleration mode.” Specifically, he plans to bolster sales and marketing efforts to reach more mobile banking and mobile commerce clients.

Zighra, an Invest Ottawa portfolio company, offers security software that analyzes users’ behavioral patterns to validate their identify and prevent fraud. At FinovateFall 2013, Zighra debuted KineticID, a mobile authentication solution that evaluates the user’s unique, kinetic interaction with their mobile device. Earlier this year, the company graduated from Barclays Techstars Accelerator, which led to Zighra taking on a pilot project for the banking giant. The accelerator program also offered Zighra exposure to the U.K. market, a new geography for the company, which has previously focused on North America, the Middle East, and India.

Founded in 2009 and headquartered in Canada, Zighra has six employees and anticipates it will double its workforce by the end of 2017. Earlier this month, the company won Best Tech at the C100 48Hrs in the Valley program and last year was featured in the Wall Street Journal for its behavioral authentication efforts.

Behavioral biometrics has been a hot topic in 2016, and we expect it to be a star topic of 2017, as well. Finovate alums such as BehavioSec, BioCatch, NuData Security, and Trusteer (acquired by IBM in 2013) each offer unique solutions to combat fraud using behavioral biometrics.

Finovate Alumni News

On Finovate.com

  • Behavioral Biometrics Startup Zighra Lands $1 Million in Seed Funding
  • Tuition.io Appoints Former Yahoo CEO Scott Thompson as New CEO

Around the web

  • Commerce Bank chooses Temenos to upgrade core deposit banking system.
  • ThetaRay earns recognition from CIO Review as a top 20 financial services provider for 2016.
  • Financeit reports a doubling of its business since acquiring the home improvement financing assets of TD Bank.
  • Green Dot teams with WalMart to encourage Americans to build savings.
  • Bizfi expands its business lending capabilities through a new partnership with InterNex Capital.
  • OnWallStreet recommends advisers keep their eyes on Wealthfront’s Andy Rachleff; SigFig’s Mike Sha; and Betterment’s Jon Stein.
  • Passport acquires Arizona-based mobile parking payment startup ParkX.
  • P2P lender SocietyOne facilitates $126 million in loans in 2016, finishing a record-breaking year.
  • InComm expands partnership with Target Australia to offer gift cards in stores and online.

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

  • “Make Mine Meniga: Santander Selects a PFM Partner”

Around the web

  • First Tennessee Bank licenses digital banking platform from D3 Banking.
  • Nutmeg goes live with new back office courtesy of Babel Systems.
  • Canadian Innovation Exchange names TIO Networks as one of Canada’s 20 hottest and most innovative public tech companies.
  • Actiance releases expanded supervisory review capabilities for Alcatraz, its cloud-based archive for a broad range of communication channels.
  • Coinbase launches bitcoin price charts, international translations, and consolidated accounts.
  • Dealflow to launch Dealflow 2.0 in webinar next week.
  • Aberdeen Asset Management selects Markit to value hard-to-price assets for positions with limited market-data.
  • Developer reviews Authy’s two-factor authentication.
  • Motif teams up with U.S. Bank’s Ascent Private Capital Management to offer new digital tools to Ascent’s advisers.
  • Kantox partners with NoviCap to offer customers a stronger financial service.
  • Central Bank of Kansas City to issue Cachet’s prepaid cards.

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.

 

Celebrate Canada Day with Our Alums from the Great White North

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July 1st is Canada Day, the day Canadians from Nova Scotia to British Columbia and all the provinces in between celebrate the day the country we know as “Canada” was officially formed as a single nation within the British Empire.

So if you’ve got room in your schedule for one more Canada Day Celebration, then please join us in spending a little time celebrating with a score of Finovate alums that are driving fintech innovation in and out of “the Great White North.”

And a special Canada Day shout-out to Finovate partner, the Canadian Trade Commissioner Service, which supports Canadian startups through mentorship and access to U.S. partners and investors.

Alumni News– October 20, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNous raises $600k to help drive its SparkProfit stock market prediction platform.
  • Lending Club selects the NYSE for its IPO.
  • Currency Cloud releases Connect API 2.0.
  • InComm partners with CardCash to integrate its online gift card exchange at InComm’s retail partners nationwide.
  • Compass Plus completes its TranzAxis integration with Klarna.
  • ID Analytics names Scott Carter Chief Operating Officer.
  • CAN Capital closes its first capital markets asset-backed notes offering.
  • Coinbase now available in 6 additional languages.
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– July 7, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker features Tradeshift in a column on startups innovating in the small business bill pay space.
  • Credit Union Broadcast interviews Greg Ewald, VP of Marketing for Loop.
  • Zighra partners with Toyuma to launch a Kickstarter project to launch PassZweipe, a password manager app.
  • Billhighway to provide automated donation processing for The Michigan Humane Society.
  • Open Bank Project organizing Hack/Make The Bank hackathon in Berlin. Check out more builder tools at FinDEVr this Fall.
  • Bill.com, ZenPayroll, and Expensify earn spots Sqrl blog’s list of 39 apps you didn’t know could grow your business.
  • Narrative Science’s Kris Hammond is featured in Business Insider’s Technology section.
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 2013 in the Press

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Affluent Strategies
Finovate Fall 2013 Best of Show Winners
by JP Nicols
All Marketing (in Hebrew)
הסטארט-אפ הישראלי, TipRanks, זוכה זה בפעם השנייה בכנס Finovate
by Shirley Asa
American Banker
Business Lender Finds Trove of Insights in Client CRM Data
by Penny Crosman
MoneyDesktop Launches Long-Term Goal Setting Tool
by Sean Sposito
PFM Apps Dominate FinovateFall Day One
by Mary Wisniewski
Reporter’s Picks: Three Top Apps at FinovateFall
by Sean Sposito
The Cutting Edge of Online Banking, as Practiced by a Polish Bank
by Mary Wisniewski
The Top 10 Tweets of Finovate
What Engagement Banking Needs Is Less Engagement
by Jeanine Skowronski
Backbase Blog
Backbase Unveils New Commercial Banking Portal Solution at FinovateFall 2013
by Prue Duggan
Bank Innovation
‘Electronic Checks’ Give Paper Payments New Life
by Philip Ryan
European Innovators Throw Down the Gauntlet: Where’s the Innovation, Americans?
by Philip Ryan
Finovate 2013: Our take on the Best of Show winners
by Steven Ramirez
Finovate Fall ’13: Numbrs, Pixeliris, Word Sentry, and Mitek Come on Strong
by Philip Ryan
Finovate Fall ’13: Strong Demos from Float Money, BizEquity, Zighra & SpearFysh
by Philip Ryan
Finovate Fall ’13: Strong Demos from Instabank, SavedPlus & TipRanks
by Phillip Ryan
Finovate Fall ’13: Think Finance, MBank Lead the Pack
by Philip Ryan
Bank Marketing Strategy
Ten Tips To Doing Finovate Like A Pro
by Jim Marous
Bank Systems & Technology and Wall Street & Technology
5 Game-Changing Financial IT Startups
by Becca Lipman
5 Ways Mobile Banking Is Evolving: Finovate
by Jonathan Camhi
Finovate Fall 2013: A Few FinTech Providers for Capital Markets
by Zarna Patel
Finovate 2013: We’re All Infected With Malware
by Becca Lipman
Making Personal Finance Social Spotlighted At Finovate
by Jonathan Camhi
Barlow Research Associates
Innovations that Improve Business Banking Workflow
by Donna Arce
BostInno, Streetwise Media
Franklin-Based Interactions Reinvents the Virtual Assistant Application, Wins Finovate’s Best in Show
by Andrew Amato
Crain’s New York Business 
Financial-technology startups roil banking’s status quo
by Judith Messina
Hottest tech sector is all about money
by Judith Messina
Credit Union Times
Mitek Debuts Mobile Photo Account Opening
by Robert McGarvey
CreditUnions.com
5 Areas Of Innovation All Credit Unions Need To Monitor
by Scott Patterson
The Role Of Innovation In Today’s Credit Union
by David Mooney
CU Insight
Barclays Just Showed Up to the Party We’ve Been Hosting for a Year
by 
Ron Daly
Discerning Technologist
Just In Time For Finovate: Adding More Fun (And More Focus) To Fintech Applications
ExecutiveBoard.com
Scores of fun at Finovate and Money2020
by CEB Icono
Finextra
Yodlee launches financial relationships app
Finovate blog
FinovateFall 2013 Best of Show Winners
by Julie Schicktanz
Forbes
4 New Online Money Management Tools Worth A Try
by Richard Eisenberg
Forrester blog
Highlights and Thoughts From Finovate Fall 2013
by Peter Wannemacher 
GonzoBanker
Finovate Fall 2013 – The Big Apple
by Scott Hodgins
Hotwire PR blog
Mobile, data and security are hot at FinovateFall
by Lindsay Goldwert
Huffington Post Tech
NextGen Investment Advisory Firms–Go Tech Or Go Home!
by April Rudin
Investment News
Start ups pitch automated advice at tech confab
by Trevor Hunnicutt
Javelin Strategy & Research Blog
FinovateFall 2013. Drinking from the Proverbial Firehose.
by Nick Holland
The Jerusalem Post
Tel Aviv-based start-up TipRanks takes top prize at Finovate
by Niv Elis
Medium.com
Reflections On Five Hundred Minutes of Fintech
by Bradley Leimer
miiCard
Fintech Trends From The Innovators at FinovateFall
by Cassie Anderson
Mindful Insights blog
FinovateFall 2013 
The Modesto Bee
Modesto financial planners offer online tool for success
by Patty Guerra
My Bank Tracker
FlexScore Aims to Complement FICO Credit Scores
by Simon Zhen 
FutureAdvisor: Automated Investing With Tax Efficiency in Mind
by Simon Zhen 
Mitek to Simplify Account Opening on Mobile Devices
by Simon Zhen 
MoneyDesktop: Declutter and Visualize Your Financial Goals
by Simon Zhen 
SavedPlus Makes You Save Every Time You Spend
by Simon Zhen 
Yodlee’s New Mobile App Deals With Money Side of Relationships
by Simon Zhen 
The New Age Online
Finovate and the Rise of the African Entrepreneur
by Douglas White
PandoDaily
Taking data analysis to a new plateau: Narrative Science raises $11.5M
by cale Guthrie Weissman 
Payments Source
E-Check Service Offers an Alternative to Online ACH Payments
by Austin Kilgore
PC World
New services tackle small business finance challenges
by Yardena Arar
Plus World (in Russian)
Инновация ТКС Банка представлена на
PYMNTS.com
Payment Innovators Impress At FinovateFall 2013
by Dan Rosen
Silicon Hills
Akimbo and Toopher Pitching at Finovate in New York
by Laura Lorek
Snarketing 2.0
Finovate Fall 2013: Snarketing’s Best-In-Show Awards
by Ron Shevlin
What To Look For At Finovate Fall 2013
by Ron Shevlin
TechCrunch
Mobile-First Banking App Numbrs Bags Further $3.8M For U.S. Launch
by Steve O’Hear
Upstart Business Journal
Bitcoin’s missing link sneaks into main event at Finovate
by Michael del Castillo
Financial gladiator battle ends with 8 startups standing tall
by Michael del Castillo
The Wall Street Journal

How to Get Investment Advice for Less Online

by Andrea Coombes

‘Stupid’ Banks Look for Innovation
by Michael Hickins
William Mills Agency blog and Beyond the Arc blog
Day 1: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez
by Steven Ramirez and William Mills III
Day 2: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez
by Steven Ramirez and William Mills III
Finovate 2013: Our take on the Best of Show winners
by Steven Ramirez
We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.

Zighra Debuts Automatic, Instantaneous User Recognition with KineticID

Zighralogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is Zighra, presenting their user recognition innovation, KineticID.
“Zighra KineticID provides effortless, automatic, and instantaneous user recognition by adding an invisible security layer to mobile authentication. 
KineticID implicitly recognizes a user by actively evaluating the user’s unique kinetic interaction signature with their mobile device. Securely avoiding mandatory password and PIN authentication eliminates observational shoulder surf, keylogger, and toughlogger risks vectors.”
Product Launch: September 2013
Metrics: $1.2M raised & 8 employees
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms.
HQ: Ottawa, ON, Canada
Founded: May 2009
Website: zighra.com
Twitter: @dcdutt
Presenting Deepak Dutt (CTO) and Michael Bingham (Lead Researcher)
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The full demo video will be available at Finovate.com in mid-September.