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Alumni News-- November 25, 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 Thumbnail image for Finovate-F-Logo.jpgFenergo wins Outstanding Achievement in International Growth award from Irish Software Association.
  • Global Debt Registry launches Debt Lookup, a free online service for consumers.
  • Eastern University chooses ACI Worldwide to power its payment plan and tuition payments.
  • Monitise, FreeAgent, True Potential, and Nostrum Group earn spots in Deloitte UK Technology Fast 50.
  • Pymnts.com: PayStand takes eChecks to the next level.
  • Finovate Debuts: PayItSimple's Financing Tool Gives Customers Extra Time to Pay for Goods, Interest-Free
  • Pymnts considers Mitek's growth and future plans.
  • ProfitStars launches behavior-driven marketing capabilities with Kernel.
  • Western Heritage Credit Union hires Insuritas to install their insurance agency for the CU's 10,000 members.
  • Actiance announces enhanced voice recording for Microsoft Lync 2013.
  • Billhighway takes "Triple Crown" in Workplace Culture Awards with #6 rank on Crain's Cool Places to Work List.
  • Temenos positioned as a leader in Gartner's Magic Quadrant for International Retail Core 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.
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With FinovateEurope 2015 just around in the corner, it was nice to begin the week with news that a quartet of alums have been named to the Deloitte UK Technology Fast 50 for 2014.

The Deloitte UK Technology Fast 50 ranks the 50 fastest growing technology companies over the last five years based on revenue growth. David Halstead, Deloitte partner leading the Tech Fast 50, noted that software companies were "showing particular strength" this year, with the largest number of entries coming from this group.


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Technology and financial services provider enabling mobile banking and payments
HQ: London
Founded: 2003
Growth rate: 2,639%

"With so many fast-growing technology companies emerging over the last few years, to be ranked among the top 15 in the UK for four years running is a tremendous achievement. This can be credited to our fantastic team based in the UK and beyond . . . who are creating, launching, and maintaining market-leading services for our clients around the world every day." 
Lee Cameron, Chief Commercial Officer and Deputy CEO


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Small business cloud accounting systems provider
HQ: Edinburgh
Founded: 2007
Growth rate: 1,274%

"Being recognized in the Deloitte Fast 50 list is a great accolade in itself, but being listed for two years in a row is a tremendous achievement. It's a real testament to the hard work of our team, our continued growth as a company and the rising number of passionate and loyal customers who are using FreeAgent to manage their small business finances."
Ed Molyneux, CEO and C0-Founder


TruePotentialLogo_FF2014.jpg
Financial services company providing technology and business solutions
HQ: Newcastle upon Tyne
Founded: March 2007
Growth rate: 837%

"The UK is facing a savings crisis where people are not saving the amount they need for a comfortable retirement. At True Potential we believe in making saving and investing simple and more accessible using cutting edge technology, so this recognition is particularly rewarding." 
David Harrison, Managing Partner


Thumbnail image for Thumbnail image for Nostrum_logo.jpg
Developers of automated loan management technology
HQ: Harrogate
Founded: August 2001
Growth rate: 812%

"Making the Technology Fast 50 for the second consecutive year is a significant accomplishment for us and another proud milestone in our journey. This year we were named in the Sunday Times Tech Track 100 for the first time, and we've also just heard that, once again, we've been accepted for FinovateEurope 2015 which is a premier platform for FinTech businesses like ours." 
Richard Carter, Chief Executive

Speaking of FinovateEurope 2015, join Nostrum Group and 70 other fintech innovators for our upcoming conference in London on February 10 and 11. Click here to get your tickets and take advantage of special early bird pricing.

And for more information on the Deloitte UK Technology Fast 50, click here for an extensive info graphic that provides growth comparisons between the 2013 and 2014 winners, sector and regional breakdowns, and more.  

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.

Alumni News-- September 17, 2014

  • Finovate-F-Logo.jpgCorrection: FreeAgent surpasses 2,000 customers in a single partnership deal.
  • Insuritas customer Denali Alaskan FCU increases revenue by 22% over the past 2 years from Insuritas solutions.
  • Cortera announces Cortera Score, a predictive risk measurement that extends the Cortera Pulse service.
  • App Annie expands mobile app analytics platform with analytics for Facebook Ads.
  • InComm partners with the Virginia Department of Transportation to launch the Virginia E-ZPass Reload Card.
  • Zooz and Alipay partner to give merchants access to Chinese customers.
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-- September 16, 2014

  • Finovate-F-Logo.jpgGoogle Cloud Platform profiles mCASH. Check them out at FinovateFall next week.
  • Credit Sesame wins two Stevie Awards in The 2014 American Business Awards.
  • Blackhawk Network acquires CardLab as Part of Incentives Expansion Strategy.
  • Bloomberg TV: How Check Point Stays on Cutting Edge of Cyber Security.
  • Tripwire's The State of Security takes a look at Rippleshot's ability to monitor and detect fraudulent transactions and security breaches.
  • Algomi adds Charles Teschner, Boston Consulting Group senior partner, to its board of directors.
  • Rebtel blog lists Toshl Finance among its best, free, "must-have apps" for people moving overseas.
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-F-Logo.jpgPindrop Security launches Industry's First Combined Voice Biometric and Phoneprinting Fraud Detection System.
  • Tyfone launches mobile banking platform for small and medium FIs.
  • Taulia launches Taulia Enhanced Discounting which gives organizations the choice of using cash or the capital of a third-party FI to pay early.
  • FreeAgent launches its first dedicated division giving direct support to UK accountants and their clients.
  • ShopKeep POS reaches 10,000 customers, announces expansion in Ireland and western U.S.
  • PrivatBank launches HCE mobile NFC payments solution.
  • Housing Wire lists Realty Mogul among its 100 most innovative technology companies for 2014.
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.

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:


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AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.

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BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.

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Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.

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eToro, for its social trading and investment network


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ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.

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Fidor Bank, for its innovative online banking community.

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Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.

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FreeAgent, for its SMB-focused online accounting system.

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Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.

Holvi, for its smart checking account for group activities.

Ixaris, for its innovative global applications based on open-loop prepaid card schemes.
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Klarna, for its e-commerce payment solutions.

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mBank, for its Bank 3.0 approach to online and mobile banking.

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Meniga, for its white-labeled PFM and next-generation online banking solutions.

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Nutmeg, for its online savings and investing service that helps users manage their money.

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The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.

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TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.

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Wonga, for its service that provides small, short term cash advances to UK consumers online.

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Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.


  • Finovate-F-Logo.jpgEntrepreneurial Finance Lab uses psychometric test to stop loan defaulters.
  • Unquote.com examines funding FinovateEurope alumni have received.
  • FreeAgent now enables UK-based sole traders to file their self assessment return to HMRC on the FreeAgent platform.
  • My Manisku Pte Ltd., the company behind TradeHero, selected for Microsoft Ventures Accelerator's fourth class.
  • The Martin Lewis Money Show talks about P2P lending and Zopa.
  • Tagit-powered Maybank Mobile Money wins Best MCommerce solution ward from Mob-Ex.
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-F-Logo.jpgVirtual Piggy grows to over a quarter million users.
  • TrustedID launches new service to help protect AARP members from identity theft.
  • Lendio launches new small business resource center to give business owners access to products and services to help grow their businesses.
  • Geezeo advances social finances by launching Friend and Feed tools.
  • FreeAgent launches Invoice-o-matic, a free online invoicing tool for small businesses and entrepreneurs.
  • EZBOB announces new, 12-month business loan with decreasing rate over term.
  • Realty Mogul featured in Herald-Tribune column on bringing real estate investing "to the masses."
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.
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With 300 fintech innovators already taking advantage of Yodlee's 10-month old accelerator program, the company's sights are set on still more companies coming on board. In fact, Yodlee anticipates growth of more than 50% by the end of the year.

One of the key features of the program is free access to Yodlee's API, which brings with it the ability to draw from a wealth of financial data, from bank accounts to rewards campaigns. Program companies have taken this data and run with it, building everything from eWallets to new lending services.

Aside from its role in "paying it forward" (fintech edition), Yodlee has been a very successful outfit in its own right. The company has more than 40 million users and $100 million in capital, with 20% of its customers coming from outside the United States.

It's worth pointing out that Yodlee's accelerated startups include a handful of Finovate alumni such as EZBOB and FreeAgent (both companies fresh from appearances at FinovateEurope). Other alumni taking advantage of Yodlee's platform include Credit Karma, Xero, and LearnVest.

Success with the accelerator program, which was launched in May 2012, may be what has encouraged the company to launch its API incubator program to cater to a different subset of startups. So far, Yodlee has been able to incubate 10 companies, including Finovate alumn, Planwise.

Yodless was last on the Finovate stage in September 2012 as part of FinovateFall in New York. Watch a demo of Yodlee in action here, as they present their small business platform.

This post is a part of our live coverage of FinovateEurope 2013.

Afterwards, FreeAgent showcased its solution that uses data to assess risk: 

FreeAgent_logo.jpg
"We are extending the reach of our solution to make much more intelligent use of the data and information that is the life-pulse of a business. Our users will be able to gain insight into the health of their business in real-time, with FreeAgent automatically highlighting performance trends and potential problems in an easy to understand way.

Equally compelling is our capability to make this information available to banks and other lenders, giving them insights into the strength and financial well-being of their customers, with one eye on customer service and another on risk."

Product Launched: Q2 2013

HQ Location: Edinburgh, UK
Company Founded: April 2007
Metrics: 50 employees; 27,000 paying customers
Website: freeagent.com
Twitter: @freeagent

Presenting Ed Molyneux (CEO) and Kevin McCallum (Business Development Director)
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FinovateEurope 2013 Sneak Peek: Part 3

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With just a few weeks to go before FinovateEurope, here's the third and final part of our Sneak Peek preview of the companies demoing in London (click here for part 1, here for part 2).

There still time to get your ticket and be a part of the conference in London on February 12 & 13 at Old Billingsgate Market Hall. For more information or to register, visit our FinovateEurope page here.

Each presenting company supplied a few teasers about the innovations they will be showcasing at the event.

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In a unique demonstration, Akamai will command agents and attack servers across the Internet to launch attacks commonly directed at financial services sites (including SQL injection, slow HTTP post, and DDoS attacks) at a pair of live demonstration banking sites on the public Internet. One site in the clear, and one protected by Kona Site Defender.

The demonstration will show how these attacks can compromise an unprotected site, and how Kona Site Defender is able to detect and mitigate these attacks automatically, live, in real-time. The demonstration will feature innovative adaptive rate control and real-time Web security monitoring security technologies.

Innovation type: Security

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Birdback

A lot is happening on the front-end of payments: Mobile POS, mobile wallets, NFC payments ... The back-end of payments, however, remains untouched. A card transaction is nothing more than a money transfer.  Meanwhile, developers dread the prospect of having to develop native applications for each of these new, front-end payment platforms.

So why not an API that sits at the very heart of the transaction network, on top of the most widespread means of payment: the payment card? What if one could link applications to payment cards, essentially turning what's already in consumers' pockets into a loyalty card, a discount voucher or a means of sending them digital receipts?

Innovation type: Rewards, cards, back office

Device Ident

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Device Ident will showcase its new solution to prevent online fraud in real time. Our product identifies and evaluates any device interacting with our customers' online services, and analyzes history and behavior of the visiting device to prevent fraud and misuse for all our customers.

It is easily integrated into our customers' online services and it fully complies with European privacy laws.

Innovation type: Security, identity

Five Degrees

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Watch a fully automated model bank with an unparalleled level of self-service giving both customer and bank imminent insight and control in the process.

Through our Web-based, mid-office portal, Five Degrees offers the potential of enormous business benefits in terms of efficiency in adapting new business processes on the go. As today's market demands, our open services hub integrates with external services like KYC checks, Passport Validation, and PFM.

Come and view the fast and instant response for the next banking generation: rapid deployment, rich customer experience, instant and transparent insight for bank and client alike.

Innovation type: Back office, banking, communications, sales

FreeAgent

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FreeAgent is the UK's market leader in SME cloud accounting software. The FreeAgent platform's capabilities extend far beyond traditional accounting software, and are developing toward performance and health measurement tools, providing vital information for both the businesses themselves and current or prospective lenders.

We will demonstrate how cloud accounting and the associated data creation, aggregation and interpretation functions can provide financial institutions with real-time insights into the underlying fundamentals and risk trends existing within a single business or across a base of clients.

Innovation type: Back office, lending, small business

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GMC Inspire Dynamic Statement is an interactive and engaging way to present your customers' statements, online or offline.

Instead of the standard online statements, GMC Inspire can generate thousands of dynamic statements in minutes, presenting your customers' data through attractive charts and graphs that are fully clickable.

Areas that require attention and action can be highlighted and customers can even drill down to granular level detail, providing a fully intuitive service. GMC Inspire also allows you to track usage of every statement and use this data to populate relevant offers and marketing messages for every customer.

Innovation type: Mobile, PFM

Meniga

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"To Buy or Not to Buy" is a white-label module for mobile banking applications that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would be if they saved the money and used it to feed their goal instead.

One unique aspect of this innovation is allowing the users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends.

Innovation type: Mobile, online, PFM, rewards

PhotoPay_logo.jpg


PhotoPay provides the easiest and fastest way to pay paper and PDF bills using mobile devices.

Paying bills on a mobile phone is often difficult. Manual data entry is cumbersome and frustrating for smartphone users. PhotoPay has developed an advanced technology that significantly improves the mobile bill payment experience for both paper and electronic bills.

Banks and payment providers love PhotoPay because it can dramatically improve user experience and increase bill payments transactions. Our first bank customer has seen a 2,000% increase in mobile bill payments after implementing PhotoPay.

Innovation type: Payments, cards

Finovate Alumni News-- January 29, 2013

  • Thumbnail image for Finovate-F-Logo.jpgAcculynk joins EMV Migration Forum.
  • TSYS announces extension agreement with Payment Alliance International.
  • True Office scores $3 million funding round. See them demo at FinovateEurope in London!
  • GetApp compares accounting options in FreeAgent and Kashoo.
  • Taulia doubles customer base in 2012.
  • miiCard granted U.S. patent for method of establishing true online identity based on ability to access online financial accounts.
  • TIO Networks appoints Bill Burnham, founder of Inductive Capital, to Board of Directors.
  • WorkSaveLive blog features ReadyForZero.
  • PaySimple launches 3 new integrated partners.
  • PlayMoolah launches Yusheng Rush, a Chinese New Year themed mobile game.
  • IP Commerce announces latest release of Commerce Boarding, a real-time qualification and decision engine.
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.

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