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GCS Federal Credit Union selects Geezeo to provide PFM service.
- T8 Webware presents Thinc Iowa Opening Party Oct. 20.
- Clairmail wins BAI Mobile Pace Setter Award.
- Silver Tail Systems is selected as a SINET 16 Innovator.
- CarryQuote wins prestigious 2011 Bully Award.
- Everything Finance Blog reviews Prosper.com.
- Bank Innovation reports that Tyfone now allows banks to provide clients with mobile wallet solution.
- Financial Edge lists the Credit Karma blog as 1 of 6 blogs to help you budget better.
- T8 Webware signs 14 bank customers to its Grip Platform.
- Lighter Capital CEO Andy Sack guest-posts about
revenue-based financing on AVC blog.
- Q2ebanking partners with Unwired Nation to expand
its mobile banking.
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.

Session Speakers - Tuesday, Global Game-Changer Session
Speaker: Jim Taschetta from FreeMonee
- Wednesday, Technology for Business Summit
Speaker: Mitch Jacobs from On Deck Capital
- Wednesday, Technology for Business Summit Session
Speaker: David Eads from Kony Solutions
- Thursday, Technology for Business Summit Session
Speaker: Eric Connors from Yodlee
- Thursday, Marketing & Product Management Summit Session
Speaker: Rod Witmond from Cardlytics
Exhibitors BAI Mobile Link Mobile Link Panel Discussions Solutions Theatre Jim Bruene and I (julie@netbanker.com) will be in attendance and will update the blog and Twitter with new developments throughout the event.
Bobber Interactive  Tech Flash interviewed Eric Eastman, Bobber Interactive's CEO, on how the gamification of money management aims to help Generation Y better manage their money. Link
BrightScope BrightScope released a report detailing the top 12 small-cap funds in America's 401k plans. This report is part of a series that provides insight into the top funds and managers in the retirement marketplace. Link
ChargeSmart Discover is offering an instant rebate to customers who pay their utility bills using a Discover Card on ChargeSmart's website. Link
Check Point Software Technologies - Check Point enhanced its Software Blade Architecture by releasing R75.20, a comprehensive approach to security that includes a URL filtering Software Blade, SSL inspection, and data loss prevention. Link
- The Wall Street Journal discussed Check Point's ZoneAlarm SocialGuard that helps parents protect children on Facebook in a non-intrusive manner. Link
Clairmail Clairmail announced record growth this quarter, with more than a 60% increase in bookings from last quarter. Link
Clovr Media  - BostInnovation stated that Clovr Media is changing the way consumers collect loyalty rewards through its Card-Linked Ads that allow consumers to access rewards by clicking on an advertisement. Link
- Mass High Tech's weekly Startup Watch listed Clovr Media as one of five startups to follow. Link
Credit.com EQuicknews listed Credit.com as a free way to check your credit score with no strings attached and highlighed the Credit Report Card feature. Link
doxo The Appvita blog profiled doxo, noting insider tips and practical uses, such as comparing bills on a month-to-month basis. Link
Dwolla Bank Technology News looked at the players in the mobile payments space and listed Dwolla as a formidable competitor. Link
EDO Interactive  EDO Interactive received $20 million in Series B funding to grow its Prewards platform that enables advertisers to offer digital deals and incentives that consumers redeem by using their existing credit, debit, or prepaid cards. Link
eToro eToro began a trading contest for users with both demo and live trading accounts. Traders who accumulate the greatest gains will win each round. Link
eWise eWise added Renasant Bank to its customer base, providing Renasant customers access to Secure Vault Payments, an alternative payment method. Link
Expensify - Expensify added a new feature that provides QuickBooks users a way to easily identify billable expenses to add to invoices. Link
- The Kitsap Peninsula Business Journal listed Expensify as one of ten business apps for empowering your inner geek. Link
Kony Solutions  Tower Group, in its Review of North American Consumer Mobile Banking Technology Vendors, ranked Kony Solutions among the top mobile banking technology vendors. Kony excelled in the feature/function and customization categories. Link
Lending Club TechCrunch highlighted Lending Club's announcement of $25 million in Series D financing from Union Square Ventures and other existing investors. Link
Lendio Lendio added Cardinal Bank to its network of lenders providing clients with more options in finding equipment loans, business lines of credit, acquisition financing, commercial real estate, SBA 7(a) and SBA 504 loans. Link
Mitek Systems Mitek Systems launched Mobile Imaging Cloud Service that captures, extracts, and routes information contained in documents. The service helps app developers create smartphone and tablet apps that use a camera input function. Link
Monitise Monitise Asia Pacific launched its mobile banking, payments, and commerce services in Indonesia and signed a joint venture agreement with PT Astra Graphia Information Technology, an information and communication business. Link
On Deck Capital  On Deck Capital raised $19 million of its own in a Series C round of funding. Link
RobotDough RobotDough founder, Wilton Risenhoover, revealed why he started RobotDough and how it works. Link
SafetyPay SafetyPay received a Payment Services Directive License to provide cross-border payments throughout Europe strengthening its position in that market. Link
SecondMarket BostInnovation used SecondMarket's alternative investments platform to discover top Boston companies. Link
Striata  Baton Rouge Water Company selected Striata, along with payment services company Western Union, to provide email billing with integrated electronic payment service. Link
The Receivables Exchange Treasury & Risk profiled The Receivables Exchange, describing the process companies use to sell their receivables on the online platform. Link
TradeKing TradeKing launched a $100 bonus for new customers who open an account by August 31, 2011. Link
Wonga Smarta interviewed Wonga director, John Moorwood, about Wonga's growth over the past 12 months. Wonga is now issuing over 1.5 million short-term loans. Link
Xero Xero released Xero Touch, its new accounting app for the iPad, iPhone, and iPod Touch. Link
Clairmail Clairmail chose Jigsaw's Data Cloud to help its mobile banking client improve marketing and receive more leads. During vendor trials it saw an increase in productivity, response rates, sales, and marketing effectiveness. Link
Clovr Media Boston Business Journal reported that Clovr Media is preparing for the launch of its credit  card-linked offers at the end of the fourth quarter by hiring 12 new staff members. Link
Confident Technologies Confident Technologies released a two-factor mobile phone authentication platform that requires the user to memorize images. Because this second factor security is not stored on the user's device, it mitigates the opportunity for Zeus-in-the-middle attacks. Link
Currensee The Forbes blog looks at Currensee for social foreign exchange investing, paying special attention to its rapid growth rate. Link
doxo The Entrepreneur blog compared doxo's document storage and online payment system to PayPal, citing that the cost to collect payment is less than half of a typical PayPal transaction. Link
Dynamics The Pittsburgh Business Times interviewed Jeff Mullen, CEO of Dynamics, Inc on the naming of the company. Link
eToro - The Forbes blog looked at eToro for social foreign exchange investing, paying special attention to its rapid growth rate. Link
 - The World Finance Awards selected eToro as Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider. Link
Geezeo Geezeo was selected by The Coca-Cola Family Credit Union to provide a PFM solution and integrated marketing platform. Link
Ideon Financial Solutions Ideon Financial Solutions was granted a patent for its Choice Savings technology, a system that allows financial institutions to provide their clients with a variety of customizable savings products. Link
Identity Theft 911 Identity Theft 911 partnered with Arabella Protection Insurance Company to offer commercial data breach services like preparedness and response. Link
Intuit TechCrunch reported that Intuit launched a QuickBooks mobile app for the Android that  allows small businesses to access their data from QuickBooks Pro, Online, and Premier. Link
Lending Club - American Consumer News provided a comparison guide for borrowers and lenders to Prosper's and Lending Club's services. The benefits included high rates of return and flexibility. Link
- Brian Wong's Database blog looked at what its like to invest in Lending Club. He presented his opinion on the usability of the service. Link
Metavante EverBank, a $7 billion Internet bank, announced that it is seeking to be an early adopter of Metavante's customer information management product, a product that was built from the Temenos Core Banking Platform, a result of the partnership formed in 2007. Link
mFoundry NEFCU added a mobile app for the Android, using mFoundry's technology to offer account balances, check history, transfers, and bill pay. This is in addition to its existing apps for Blackberry and the iPhone. Link
Micronotes 1st Advantage Federal Credit Union, a major Virginia credit union, announced that it will use  Micronotes' cross-sell engine, KulaX, to improve lead generation. Link
Prosper American Consumer News provided a comparison guide for borrowers and lenders to Prosper's and Lending Club's services. The benefits included high rates of return and flexibility. Link
Syphr Syphr was among 6 out of 90 fintech companies selected by the Fintech Innovation Lab who will present their innovations to Wall Street venture capitalists. Link
- BillFloat
- Bling Nation
- Boku
- Cardlytics
- ClairMail
- Expensify
- IDAnalytics
- Lending Club
- SecondMarket
- Wikinvest
- Wonga
- Yodlee
_________________________________________________________________________
In other Alumni News:
Aptys Solutions  Aptys Solutions announced that the ACH functionality in its PayLogics payment platform provides same-day settlement. Link
Balance Financial - Balance Financial launched Balance Certified Pro, a new software that is geared toward professionals. Link
- Balance Financial released an iPhone App. Link
BillGuard TechCrunch reported that BillGuard's "Anti-virus for Bills" is now completely free for users. Link
BrightScope CNNMoney's article, Simplify Your Retirement Savings, pointed to BrightScope to provide a clear understanding of retirement savings. Link
ChargeSmart ChargeSmart announced that its Bill Payments customers can now pay many of their utility bills with an American Express card. Link
Continuity Control Continuity Control raised $1.1 million in financing from convertible promissory notes and warrants. Link
Cortera  The Miami Herald reported that Cortera's Risk Data and Reporting is now an SAP-endorsed business solution. Link
Cortal Consors Institutional Investor ranked Oliver Le Grand, CEO of Cortal Consors, number 13 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
Credit Karma Credit Karma's new feature, Credit Alerts is available for free to the first 200 people to click the link. Link
Credit Sesame The Hands On Home Buyer blog recommended Credit Sesame for its interactive property taxes tool. Link
Currensee The Business Insider reported that Currensee plans to launch its Trade Leaders program in China. Link
Dwolla - The E-News publication, Business Record, commented on Dwolla's positive impact on Iowa's startup culture. Link
- Financial Plus Credit Union adopted Dwolla's FiSync integration. Link
Dynamics Dynamics revealed its angel investors in Series A and Series B funding rounds. Link
Guardian Analytics - American Banker reported that Guardian Analytics is planning to launch an outsourced fraud prevention service that will help financial institutions meet new FFIEC guidelines. Link
- Guardian Analytics introduced its FraudDESK service to provide fraud analytics support to financial institutions. Link
- Guardian Analytics is hosting a free webinar on Tuesday that will explore FFIEC guidance. Link
iPay Technologies iPay Technologies helped Generations Community Federal Credit Union increase bill pay adoption and its number of transactions. Link
Lending Club - San Francisco ABC News Channel 7 explained the benefits of P2P loans from Lending Club. Link
- Finextra news blog discussed Lending Club's success. Link
- American Banker reported that, in June, Lending Club saw an increase of 7% in loans originated that totaled a record $20 million. Link
Lodo Software The Silicon Prairie News reported that Lodo Software is seeking to raise $5 million in a round of Series D funding. Link
mFoundry Columbia Credit Union announced that it deployed mFoundry's mBanking, a mobile banking platform. Link
Mitek  MSN Money reported that Mitek Systems began a NASDAQ market listing on July 14th, and is trading under the symbol MITK. Link
Monitise - CNBC reported that Monitise's ReliaCard will be offered to U.S. Bank's Visa cardholders in some states. Link
- Monitise, US Bank, and FIS announced that they are planning to offer a mobile app for Visa's ReliaCard users. Link
Prosper - San Francisco's ABC News Channel 7 explained the benefits of P2P loans from Prosper. Link
- Finextra news blog discussed Prosper's success with its P2P lending service. Link
Q2ebanking Q2ebanking's director of security solutions, Ward Howell, published an article detailing a Credit Union's perspective of the FFIEC guidelines in The Credit Union Times. Link
Receivables Exchange Institutional Investor ranked Justin Brownhill and Nicolas Perkin, Co-Founders of The Receivables Exchange, as number 42 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
Standard Chartered Institutional Investor ranked Jan Verplancke, CIO of Standard Chartered, as number 37 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
TILE Financial  Daily Finance interviewed Amy Butte, CEO of TILE Financial. Link
TradeKing TradeKing announced the public availability of its API. Link
Tyfone CoVantage Credit Union chose to implement Tyfone's mobile wallet solution. Link
Zopa - Zopa founder Giles Andrews was interviewed on BBC's The Bottom Line. Link
- Finextra news blog discussed Zopa's success as a P2P lending service. Link
Boku  CNNMoney examined Zong's competition with Boku. Link
BrightScope - The Forbes blog recommended BrightScope as a tool to check your financial advisor's history. Link
- The Washington Examiner discussed how BrightScope helps consumers make informed decisions about their 401(k) plan. Link
Clairmail Clairmail increased its security by using authentication from the RSA Secured Partner Program. Link
Credit Karma The Forbes blog recommended Credit Karma as a tool to track and monitor your credit score. Link
Credit Sesame  The Forbes blog recommended Credit Sesame as a tool to track and monitor your credit score. Link
Dwolla Dwolla updated its iPhone app to allow customers to send money via email. Link
Dynamics American Banker discussed Dynamics' adaptability to the mobile payment world. Link
Enloop Small Biz Technology outlined three of Enloop's features. Link
eToro AlphaTrade Finance discussed eToro's CopyTrader network. Link
Expensify Expensify's app was listed as Gearburn's A pp of the Week. Link
Finsphere  GeekWire reviewed Finsphere's new round of $1.75 million funding. Link
Geezeo American Banker reported that Geezeo's partnership with Sharetec Systems will help Geezeo reach more credit unions. Link
Guardian Analytics The Street reported that Guardian Analytics' Anomaly Detection & Fraud Monitoring will help financial institutions meet updated FFIEC guidelines. Link
Kony Solutions Kony Solutions announced a partnership with Donriver for the delivery of multi-channel mobile apps. Link
Mint.com The Quickbooks blog examined Mint.com's PFM tool. Link
Monitise Americas  Monitise developed two banking apps designed for the iPad for NatWest and RBS. Link
PayNearMe The Paypers interviewed Avangate and PayNearMe regarding their partnership and various future endeavors. Link
PayPal TechCrunch speculated that eBay's acquisition of Zong will advance PayPal's mobile payments. Link
ProfitStars Credit Union Times discussed ProfitStars' partnership with Corporate One Credit Union. Link
Prosper The Social Lending Network reviewed Prosper's new Quick Invest feature. Link
Q2ebanking  Q2ebanking commented on the security implications of the new FFIEC guidelines. Link
RobotDough The Motley Fool highlighted RobotDough as a powerful new tool for individual investors. Link
SilverTail Systems - Credit Union Times reported that SilverTail Systems' capabilities enable financial institutions to comply with FFIEC guidelines. Link
- Homeland Security Television profiled SilverTail Systems. Link
ThreatMetrix ThreatMetrix enhanced its security in anticipation of FFIEC guidelines. Link
TradeKing Stockbrokers4u.com analyzed TradeKing's services. Link
Xero Xero hired a CFO onto to its team. Link
Yodlee - Yodlee released its new MoneyCenter app. Link
- Quickbooks' blog examined Yodlee's PFM tool. Link
- TechCrunch reported that Yodlee reached 30M users. Link
AcceptEmail AcceptEmail partnered with WorldPay to launch an e-billing and online payment service. Link
Balance GeekWire interviewed Balance Financial CEO, Devin Miller. Link
BancVue BancVue executives won Ernst & Young Entrepreneur of the Year. Link
BankOns Examiner.com referred to BankOns as the new GroupOn. Link BillShrink
BillShrink was featured in The New York Times. Link
BrightScope Forbes reported on BrightScope's list of exchange-traded funds held in America's 401k plans. Link
CheckFree
CheckFree expanded its functionality to support account-to-account and peer-to-peer transfers. Link
Clairmail joined the RSA Secured Partner Program to provide secure access to mobile banking. Link
doxo - doxo CEO explained paperless billing in a video interview, highlighting the mobile app. Link
- doxo was featured on the Top Productivity Apps website. Link
- Northwest Innovation reviewed doxo's mobile app. Link
Dwolla TechCrunch reported that Dwolla hit a milestone of $1M in transactions per week. Link
Enloop - Business News Daily interviewed Enloop CEO, Cynthia McCahon, about creating a "living business plan". Link
- Huffington Post spotlighted Enloop. Link
eRollover eRollover launched an online solution for financial advisors to grow practices. Link eWise
eWise announced its partnership with Affirmative Technologies to speed the adoption of
alternative payment methods. Link
Kiboo Kiboo launched a public site called "Know Your Money". Link
Lending Club - Lending Club posted a video of their five-word acceptance speech at the Webby Awards. Link
- The Wall Street Journal noted Lending Club as leading the way in P2P lending. Link
- mFoundry helped Starbucks build an app for Android. Link
- mFoundry passed the 400 customer milestone. Link
Mitek Mitek's mobile check deposit was cited as the number one feature that would cause you to switch banks. Link
Monitise - ComputerWeekly discussed the survey Monitise conducted on mobile banking. Link
- Forbes discussed Monitises' deal with Visa. Link
peerTransfer - peerTransfer is hosting a free webinar on international student payment processing this Wednesday, June 22. Link
- peerTransfer won the Innovation Award from Massachusetts Innovation & Technology Exchange. Link
Prosper
- Prosper announced that it is giving away an iPad2 to new investors. Link
- The Wall Street Journal noted Prosper as leading the way in P2P lending. Link
SafetyPay SafetyPay was selected by BorderJump as its preferred payment solution for cross border transactions. Link
SmartyPig Fox Business News suggested using SmartyPig.com as a tool to help "pump up" savings. Link
Tagit Tagit helped Commonwealth Bank launch its first mobile app. Link
ThreatMetrix - ThreatMetrix announced its cloud-based fraud prevention platform. Link
- ThreatMetrix launched "ThreatMetrix Fraud Facts," a free downloadable report. Link
Tyfone - Tyfone was awarded an NFC over-the-air and over-the-wire seminal patent. Link
- American Banker reviewed Tyfone's mobile payment patent. Link
- NFC Rumors looked at how Tyfone uses SD cards to enable NFC transactions. Link
Betterment Medill Reports discussed the benefits of Betterment and Currensee, claiming that the social networking craze changes the way some people invest. Link
BrightScope BrightScope announced the top 10 treasury inflation protected securities funds in America's 401ks. Link
ChargeSmart  Fox News' Studio 10 reviewed ChargeSmart, PlasticJungle, and Bills.com and found a number of money saving tools and ideas. Link
Check Point Software Technologies Check Point Software Technologies won The Ten Best Web Support Sites of 2011 Award from The Association of Support Professionals for its exceptional web support design, implementation, and customer experience. Link
ClairMail ClairMail announced record customer expansion with a 300% year-over-year growth in users. Link
Corduro  The New York Times reported that Corduro's cloud platform challenges PayPal and Square's mobile payment services. Link
Credit Sesame The Wisdom Journal depicted Credit Sesame's services as more than just credit scores. Link
Currensee See Betterment above.
doxo - doxo explained how to use its online filing cabinet and "due date" alerts to help organize GroupOn, Living Social, and other daily deals. Link
- TheFinancialBrand.com discussed Oregon Federal Credit Union's use of doxo and discussed other usage ideas such as uploading a scan of your passport prior to travelling. Link
Dwolla - Credit Union Times listed Dwolla as a contender in the P2P payment space. Link
- Dwolla rallied community efforts to gather donations for the tornado-stricken town of Joplin by selling its t-shirts and accepting donations. Link
- Omaha World-Herald covered Dwolla's arrival into Nebraska. Link
Enloop  - About.com highlighted Enloop's business plan creation service. Link
- Forbes blog discussed "How Not to Fail" by using Enloop to assess the potential success of a business plan. Link
Geezeo Call Federal Credit Union, based in Richmond, VA, selected Geezeo for its PFM solution. Link
Guardian Analytics Guardian Analytics positioned by Gartner in the "Visionary" quadrant for web fraud detection. Link
HelloWallet  San Francisco Mayor Gavin Newsom urged residents to improve their money management by using HelloWallet. For every five subscriptions purchased, HelloWallet will give away one subscription to a family in need. Link
Hidden Levers Financial Advisor Blog discussed using Hidden Levers to build better portfolios, highlighting risk management and accuracy of the service. Link
Lending Club - Lending Club exceeded a quarter million dollars in cumulative loans and is offering cash bonuses. Link
- Wall Street Journal blog discussed growth of P2P Lending sites Prosper and Lending Club. Link
Lendio  Lendio raised $2 million in debt financing. Link
PayNearMe PayNearMe founder Danny Shader, in an interview with Vator News, revealed the service is used beyond the unbanked population, including teens who prefer to pay with cash and consumers who would like to keep their online transactions private. Link
Prosper See Lending Club above.
RobotDough  Dow Jones Financial reports that a UCLA professor backed RobotDough. Link
SecondMarket The Washington Business Journal discussed SecondMarket's recent popularity. Link
Sybase  Sybase launched the M-Commerce Guide, a publication for examining global market opportunities for mobile network operators, advisors, and FIs. Link
TradeKing TradeKing CIO Dan Raju discussed security issues that may arise with the NYSE cloud community, citing its security. Link
Tyfone Tyfone contracted with Star One Credit Union to use its NFC technology. Link
UBank  CEO of UBank examined security concerns and competitors during an interview with ZDNet. Link
Bill.com Practical Ecommerce listed Bill.com as 1 of 19 tools for online bookkeeping and invoicing Link
BrightScope BrightScope announced the top 10 commodities funds held in America's 401k plans Link
Frazier & Deeter, FD Alliance, BrightScope and SignatureFD conducted a national webinar on BrightScope's tool that rates employee benefit plans. Link
ClairMail  ClairMail reported record growth with a record number of customer acquisitions and a 300% increase in user growth Link
eRollover eRollover announced its Facebook Early Retirement Vacation Sweepstakes Link
Finantix Wealth Management 360 highlighted Finantix's Finovate Europe demo Link Intuit
Intuit reported an increase of internet banking users by 9% and bill pay users by 23% Link
iPay Technologies  iPay Technologies reached 1 Million users of its P2P electronic payment service, with almost 8 million payments processed to date Link
Kapitall Kapitall implemented an alert system for current news on stocks and funds. These new alerts will keep users informed and will link directly to Kapitall's analytical tools for a quick understanding of changes. Link
Kashoo  Practical Ecommerce listed Kashoo as 1 of 19 tools for online bookkeeping and invoicing Link
Kashoo was selected by IDC as one of Canada's Top 10 cloud companies to watch Link On Deck Capital
Tech Crunch reported On Deck Capital's announcement of the On Deck Score, a credit score for small businesses. This program seeks to fix the problem of businesses borrowing money as consumers http://tcrn.ch/kNjGX6 Link
Outright.com Practical Ecommerce listed Outright.com as 1 of 19 tools for online bookkeeping and invoicing Link
SecondMarket SecondMarket experienced $115M in private stock sales during Q1 Link
TradeKing TradeKing ranked number four in customer service for the second consecutive year in the Annual Broker Survey by Wall Street Journal's magazine, SmartMoney Link
Wonga  Wired UK mag covered Wonga's disruptive process of making borrowing money completely automatic. Are they transforming personal finance? Link
Wonga should have won of Startup 100 Awards, not Spotify Link
FIS launches innovative new mobile banking product. -- Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291
Y Combinator and Yodlee cooperate to provide financial data services to startups.
 We're pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.
This fall's NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.
Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition!
(P.S. If you're interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)
 Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.
Here are the news updates for the past week. To view our updates in real-time, follow us on Twitter here.
Centrro is changing focus, no longer providing credit scores. It will instead focus on helping users understand and improve their credit. http://j.mp/finovate1065
Sybase 365 adds Western Union certification. Western Union services will now be included in the mobile wallet systems provided by the company. Western Union has 380,000 agent locations in 200 countries. http://j.mp/finovate1091
Here are the news updates for the week of August 30, 2010. To view in real-time, follow us here.
Betterment speeds deposit and withdrawal times. Transfers between Betterment and bank accounts are now accomplished within the standard ACH window (2-3 days). http://bit.ly/finovate923
Bank of the West Selects ClairMail as mobile banking partner. Bank of the West has assets of $61 million and is the California-based subsidiary of BNP Paribas. http://bit.ly/finovate8301
Kasasa joins with celebrities such as Zach Efron and Dakota Fanning for "Stand Up To Cancer." Watch for the TV ads and telethon featuring Kasasa Giving. http://bit.ly/finovate8315
Kashoo is hiring! See tips on how to get hired and what to expect (including work from home flexibility) here: http://bit.ly/finovate924
Here are the news updates for the week of August 16, 2010. To view in real-time, follow us here.
Acculynk partners with NetWorks to provide pin debit solutions. NetWorks is a nonprofit processing organization which serves credit unions in ten states, processing 13 million transactions a month. http://bit.ly/finovate8171
ClairMail unveils new tools for international currency conversion. The tools include multi-currency management, international bank/ATM locators, and multi-language capability. http://bit.ly/finovate8191
Prosper releases 12-month P2P lending statistics. Prosper considers itself the world's largest peer-to-peer lender with 34,000 loans totaling $202 million. http://bit.ly/finovate8181
 We're very excited to reveal the 56 cutting-edge companies that have been selected to demo their latest technology innovations on October 4 and 5 in New York City at FinovateFall. Over the show's two days, attendees will get to watch the future of fintech and banktech unfold on stage via fast-paced demos (28 each day) from these innovators. And then have a chance to interact with top executives from each of the demo companies during intimate networking sessions. Without further delay, here's the list of companies we're excited to showcase:
If you're interested in attending the conference, registering now will save you $100 on your ticket via the early-bird discount and reserve your spot (space is limited and we're expecting to sell out). We'll see you in New York!
 Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.
Here are the news headlines we posted this week on Twitter (follow it here).
Bling Nation provides mobile payments to Community State Bank - Community State Bank in Lamar, CO, is offering the Bling Nation mobile payments service. The bank's program includes more than 40 merchants accepting Bling Tag payments. http://bit.ly/bzAIDn
Dow Jones and IAC shut down FiLife - Dow Jones and IAC closed their financial information site FiLife.com. The site allowed visitors to discuss financial issues and concerns. The FiLife iPhone app is no longer available in the iTunes app store. http://bit.ly/cSjsPk
Geezeo partners with Unitus Community Credit Union - Geezeo has entered a partnership with Unitus Community Credit Union. Geezeo will provide financial tools to the credit union's members, including its PFM, community, and integrated marketing platforms. http://bit.ly/9FeyaJ
Mint switches to Intuit for data aggregation - Mint is now using aggregation software from its parent company Intuit. The PFM can now pull data from 16,000 financial institutions. Previously, Mint partnered with Yodlee for back-end account aggregation. http://bit.ly/9BTJwV
Mortgagebot reports increase in loan applications - Mortgagebot's online mortgage shopping service, Mortgage Marvel, reported an increase of consumer visits of 140% from 2008 to 2009, resulting in a 66% increase in overall loan applications taken by participating lenders. http://bit.ly/b4DP7S
Online Resources names interim CEO - Online Resources has named John Dorman as interim chief executive officer, replacing former interim CEO Raymond T. Crosier who resigned from the company. Dorman will also continue to serve as co-chairman of the company's board. Online Resources continues to search for a permanent CEO. http://bit.ly/cpiLJZ
Prosper Raises $14.7 Million - Prosper has raised $14.7 million in a Series D round. The funding came from Prosper's previous investors as well as two new ones, TomorrowVentures and CompuCredit Holdings. Prosper has raised a total of $57.7 million to date. TomorrowVentures is the investment vehicle for Google CEO Eric Schmidt. http://tcrn.ch/bXjOGp
SmartyPig raises its interest rates -SmartyPig announced plans to raise the interest on certain accounts. Beginning May 19, APY will be increased to 2.15% for accounts with balances of less $50,000. http://bit.ly/dpCq5g
ThreatMetrix provides fraud detection to BigCrumbs.com - ThreatMetrix is providing fraud-detection services to BigCrumbs.com, a company that provides consumers loyalty rewards for shopping online. ThreatMetrix will help identify purchases made with stolen or suspect credit cards. http://bit.ly/aaZZBn
Vidoop's assets used to launch Confident Technologies - Security software company Vidoop, whose assets were acquired in January, is being relaunched as Confident Technologies. The company uses image-recognition technology to allow graphics to be used for password authentication. http://bit.ly/9xWOz3
WorkLight's new development platform - Worklight launched the Worklight Solution for E-Commerce, a development system for cross-platform applications. The solution allows companies to design applications for mobile devices, desktops, social networks and personalized homepages as part of a single development project. http://bit.ly/9Qesn3
Fiserv, Jack Henry, FIS and ClairMail Provide 86% of Mobile Banking to Community Banks - Banc Investment Group conducted a survey of 687 community bankers. Of the institutions already offering mobile services, 36% use a technology platform from Fiserv, 24% from Jack Henry, 16% from FIS/Metavante and 10% from Clairmail. http://bit.ly/aZTAut
And news from our newest soon-to-be alumni presenting at FinovateSpring 2010:
Continuity Control launches ComplianceTax.com - Continuity Control launched ComplianceTax.com, a website that helps educate banks and credit unions about the expenses involved in complying with government regulation. http://bit.ly/9CNOFk
TSYS processes payment cards for Japanese bank - TSYS was selected by SBI Sumishin Net Bank to process its payment card portfolio. TSYS will handle the issuance of retail membership cards, private-label credit cards, and association-branded cards. SBU Sumishin is a Japanese Internet-based bank with more than 750,000 accounts. http://bit.ly/8YrjcT
Visa to acquire CyberSource - Visa has agreed to acquire CyberSource for $26 per share, or about $2 billion. CyberSource provides electronic payment and security services. The deal is expected to close in Visa's fourth fiscal quarter. http://bit.ly/ams1Y9
BancVue announces results for Kasasa - Since its launch in May 2009, Kasasa has produced 71% lift in new account acquisition at its member banks and credit unions, says parent company BancVue. Of these new accounts, 53% represented new customers to the financial institutions. http://bit.ly/9zbvae
CashEdge cuts fraud by $140 Million - CashEdge announced that it has prevented an estimated $140 million in client fraud losses in 2009 through its risk-management services. The dollar amount is derived from the total value of potentially fraudulent transactions detected and prevented by CashEdge's risk-monitoring services. http://bit.ly/aoyaaZ
ClairMail announces new Mobile Connectivity Architecture platform - ClairMail's new platform for financial institutions will allow institutions to offer mobile banking services including real-time transactions and account management. http://bit.ly/9SjpK7
Digital Insight changes name - Digital Insight has rebranded as Intuit Financial Services. The company was acquired by Intuit in 2007. http://bit.ly/9jM4QB
Expensify celebrates first anniversary - During Expensify's first year, it raised $1 million, came out of beta, launched in the Google Apps Marketplace, and integrated with Outright.com, Salesforce, and Intuit. http://bit.ly/asZr1z
Kapitall demos at Apple Store - Kapitall will preview the beta version of its online investing platform on March 24, in the San Francisco Apple Store. CEO Gaspard de Dreuzy will present the product. http://bit.ly/a4i4Oh
Kasasa adds SMW Federal Credit Union - SMW Federal Credit Union is the first financial institution in Minnesota to offer Kasasa brand checking accounts. SMWFCU offers three of Kasasa's four products - Kasasa Cash, Kasasa Tunes, and Kasasa Giving. http://bit.ly/bKvXFC
Lending Club reaches milestones - Lending Club issued its 10,000th loan, surpassing $95 million in loans issued. The company also exceeded $1 billion in loan applications. http://bit.ly/dmC9VK
Mint.com wins Web award at SXSW Conference 2010 - Mint won the "Classic" category at the SXSW Conference Web Awards. While the SXSW awards generally note the best new Internet destinations, the Classic Award honors sites that have been in operation for more than a year. http://bit.ly/dDyP5t
ThreatMetrix launches Fraud Network - ThreatMetrix launched Fraud Network, a suite of tools for e-commerce, financial services, and information-technology companies. Fraud Network provides tools for verifying new accounts, authorizing payments and transactions, and authorizing user logins. http://bit.ly/b26pLo
ThreatMetrix partners with Verifi - ThreatMetrix is partnering with Verifi to deliver its fraud detection and risk-assessment tools to merchants through Verifi's payment risk-management system. Verifi provides global electronic payment solutions for card-not-present retailers. http://bit.ly/bGcqW3
TradeKing earns 4-star rating from Barron's - Online broker TradeKing was awarded a four-star rating in Barron's 15th annual Best Online Brokers survey. TradeKing ranked sixth overall out of 22 firms evaluated. This is the fourth consecutive year that TradeKing has received four stars (out of a possible five) from the survey. http://bit.ly/9Zz1cF
TradeKing launches trading-info site - TradeKing launched OptionsPlaybook.com, a free online resource for beginning and advanced options traders. The site includes jargon definitions, a brief history of the options market, and more than 40 options strategies. http://bit.ly/9Gxda7
Tyfone partners with First Data - Tyfone is partnering with First Data to provide SideTap micro secure digital (MicroSD) memory cards. The cards can contain financial information and secure identification from multiple sources such as retailers and financial institutions, creating a virtual wallet. http://bit.ly/byoHJH
Yodlee to host webinar - Yodlee is hosting a free webinar on conversion strategies for bill payment systems on March 23. The webinar will focus on changing bill payment systems without disrupting users. http://bit.ly/aslHQG
ZimpleMoney offers Starbucks card - ZimpleMoney sent a promotional message to its members, offering a $25 Starbucks card if a loan is initiated. The loan must be accepted by March 31 to qualify. www.zimplemoney.com
Here are the news headlines we posted recently on our Finovate Twitter feed (follow it here).
ClairMail Joins Jack Henry Program -- Mobile banking and payment services company ClairMail has joined the Jack Henry Vendor Integration Program. Joining the program extends ClairMail's mobile banking reach by integrating its mobile platform with Jack Henry's core processing system. http://bit.ly/aIkEoK
FiLife On Most Innovate Companies List -- Personal finance networking company FiLife has made this year's 50 Most Innovate Companies list, published by Fast Company magazine. FiLife was #27 on the list and #1 in the finance category. Other notable finance companies listed include Intuit, Yodlee, Simplifi, and Credit.com. http://bit.ly/9JMtCR
Guardian Analytics Releases New Online Security Tool -- Security software company Guardian Analytics announced on February 18 that it has released FraudMAP for Business Banking. The new software assists the detection and investigation of security problems in the multi-user business-banking environment. http://bit.ly/9tGVuk
HomeATM Promotes New Portable Card Reader -- HomeATM, a provider of mobile hardware for electronic payments, has developed a new portable card reader called CircleSwipe. The device, targeted to merchants, can be inserted into the audio jack of mobile phones. Home ATM expects to ship 30 beta units of the product in March. http://bit.ly/bjbIh3
Lending Club to Unveil New Look -- Lending Club announced a redesign of its website to make it more engaging and easier to use. The company is also revamping its logo and other aspects of its visual identity. In a move to promote its new looks, Lending Club sent an email to existing members offering a $150 bonus for loan applications submitted before the end of February. http://bit.ly/aDgvvy
Mint.Com Web Traffic Reaches Record Mark -- In January 2010, the Mint.com website reached 1.7 million unique visitors, a record high for the company and 600,000 more than a year earlier. This gives the online PFM about as much traffic as BB&T, the tenth largest retail bank in the United States. http://bit.ly/9cVjsj
TradeKing Reaches Account Milestone - On February 18, online brokerage TradeKing announced that it has crossed the 200,000-account threshold. TradeKing has seen account openings increase more than 50% since December 2008. http://bit.ly/bNYvlP
WorkLight Announces Development Platform for Android -- WorkLight has announced the release of The WorkLight Solution for Android, a new platform supporting the development of mobile apps for the Android phone. The platform provides built-in security features, development tools, and easy publication to the Android Market. http://bit.ly/9mpuT8
In other news, the company was named as a finalist for Red Herring's Global 100 award, which lists the year's most promising technology ventures. Red Herring selected the potential winners from out of 1,200 companies. http://bit.ly/5w9jKZ
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