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This is a part of our live coverage of FinovateSpring 2013.

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Then, Jemstep showcased its Portfolio Manager platform that individualizes a plan to help users take the right actions to best save for retirement:

"Jemstep Portfolio Manager is an easy-to-use online service that helps people lock in more money for retirement. It gets to know each person's financial circumstances and preferences, and, in minutes: 

    1. Projects the amount of money their current portfolio will give them to spend in retirement
    2. Recommends a target portfolio optimized to generate more money
    3. Spells out an Action Plan detailing what to buy and sell in each of their accounts (including their 401k), helping them minimize taxes, reduce fund fees, and select top-quality investments
    4. Keeps people on track with continuous monitoring that watches for changes in their profile, portfolio, and the market and alerts them when it's time to make a change"
Product Launch: January 30, 2013

HQ: Los Altos, CA
Founded: January 2008
Metrics: $10.5M raised in private funding; 22 employees; 10,000+ users totaling more than $1.5B in assets; pre-revenue; impending launch of subscription service - flat monthly subscription fee 
Website: jemstep.com
Twitter: @jemstep

Presenting Kevin Cimring (Joint CEO) and Matthew Rennie (CTO)

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  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Wall Street Journal takes a look at "bitcoin startups" including OpenCoin. Come meet them at FinovateSpring in San Francisco.
  • Currensee announces launch of Trade Leaders managed fund.
  • US Bankcard Services now providing AuthenticID service to its merchants.  See AuthenticID demo at FinovateSpring next week.
  • Check Point introduces 600 Series security appliances for SMBs.
  • Forbes lists SoMoLend as 1 of 10 top crowdfunding sites for fundraising.
  • Investor Junkie reviews Jemstep. Come see what's new at Jemstep at FinovateSpring next week.
  • MoneyDesktop honored with Bronze award in the Telly Awards, which recognize the finest video, film, & web commercials. See them demo at FinovateSpring.
  • Business Insider names BillGuard as 1 of the 20 hottest startups from Israel.
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.

FinovateSpring 2013 Sneak Peek: Part 2

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If you missed Part 1 of our FinovateSpring 2013 Sneak Peek, click here to read about some of the innovative companies that will be presenting at our upcoming May event in San Francisco.

To learn more about the show, visit our FinovateSpring 2013 page here.  Or if you're just looking to pick up your tickets to the event, click here.


Part 2 of our Sneak Peek will feature another 12 companies that will be among those demoing on the Finovate stage in San Francisco next month. We'll have even more companies to show you next week.
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Allied Payment Network: Allied Payment Network's "Pay-It-Your-Way" strategy is driving mobile bill pay adoption by leveraging technology that consumers are embracing wholeheartedly - clicking, snapping a picture, or speaking.

Features:
  • Strategic differentiator for FIs
  • Live and available through multiple reselllers
  • Easily integrate into any mobile app
Why it's great: Allied's PicturePay has set the new standard for simplicity in mobile bill pay, using voice or a smartphone's camera.


Encap: Provides a banking-grade, software-based authentication solution that offers uncompromising speed, security, and simplicity to boost
the adoption of financial services and applications.
ENCAPLogo_Orange.jpg

Features:
  • 2- and 3-factor authentication that helps drive customer adoption
  • Seamless integration into apps
  • Lower cost of ownership
Why it's great: Most 2- and 3-factor authentication solutions will make your customers hate your product. Integrating Encap will make them love it.


GoBank (by Green Dot Corporation): The first bank account designed from scratch to be opened and used on a mobile device, with deposits insured by the FDIC.

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Features:
  • Real-time alerts
  • Fast: Join in minutes
  • Fair: No overdraft fees or minimum balance
Why it's great: GoBank was created with the user experience top of mind to develop an innovative product with no hidden fees, complete transparency, reliability and peace of mind.


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Gremln: Regulatory guidelines make social media compliance difficult for financial services. Gremln provides filtration, approval, and archiving. Teams can work together for secure social media.

Features:
  • Use social media AND keep your job
  • Verify posts are compliance before they are live
  • Multi-tiered approval process
Why it's great: Your organization's marketing and compliance forces can work in harmony to create secure, successful social media ... all because of Gremln.


Jemstep: Jemstep Portfolio Manager is an online investment advisor that helps people lock in more money for retirement by telling them exactly what to buy and sell.

Features:
  • All they need to knowThumbnail image for JemstepLogo2.jpg
  • Exactly what to do
  • High-caliber guidance, not high fees
Why it's great: Jemstep Portfolio Manager is the first and only resource of its kind, and it takes the complexity out of investing.


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Licuos: A global B2B payment platform that generates the most efficient A/R and A/P netting, payment and funding proposals for businesses.

Features:
  • Improves the financial efficiency of businesses
  • Reduces businesses's funding needs and credit risk exposure with their clients
Why it's great: LICUOS allows businesses to reduce their dependence on banks so that they can significantly improve their working capital management.


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Leaf: Leaf empowers small business owners to run and grow their businesses by providing a mobile payment platform built for local commerce.

Features: 
  • Accept payments via the processor of your choice
  • Analyze business performance from any device
  • Easily engage customers
Why it's great: LeafPresenter is the first tablet designed specifically for local retail, benefitting small business owners in ways not previously possible.


Lodo Software: D3 Banking uses a powerful, predictive analytics engine and adaptive UI to provide a full range of financial services tailored to customer's needs anytime, anywhere.

Features:
D3_banking_logo.jpg
  • Consistent customer experience via any digital channel
  • Customized, automated, targeted marketing
  • Flexible integration options
Why it's great: D3 Banking delivers data-driven, digital banking, empowering financial institutions and their customers.


Micronotes: Delivers on the cross-sell imperative for digital banks.

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Features:
  • Most productive digital cross-sell tool
  • Maximizes $/square inch of digital real estate
  • Gives interactive a whole new meaning
Why it's great: Micronotes's Cross-Sell helps financial institutions radically improve the productivity of cross-selling online to increase revenue.


Persint: Provides consumer analytics, leveraging account aggregation and peer data to answer every household's financial questions of "where do we stand?" and "what next?"
PersintLogo.jpg

Features:
  • 120 demographic peers from 5-click survey
  • Scoring of net worth, cash flow and risk
  • Opportunity identification & solution mapping
Why it's great: Persint's integration of peer data allows PFM to deliver objective conclusions on performance and credible advice on next steps.


Prestadero: The first, fully operational, peer to peer lending platform for the Mexican market.

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Feature:
  • Prestadero is upending traditional savings and loan operations in Mexico, offering loan rates and fixed income returns never before seen in our market.
Why it's great: Mexico has some of the largest financial spreads in the world. Why? Nobody knows. Prestadero is here to change that.


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TSYS: By putting people at the center of every decision we make, TSYS is able to support financial institutions, businesses, and governments in more than 80 countries.

Features:
  • Remotely control how, when, by whom, and where money is used.
  • Real-time remote monitoring transactions
  • Increased risk mitigation
Why it's great: TSYS is bringing its industry expertise to the exciting and fast-paced area of payments and mobile to show a completely different experience from the end-user perspective.

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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit out FinovateSpring page here.

  • Finovate-F-Logo.jpgExpensify makes Reconciliation and Central Administration features available for American Express corporate cardholders.
  • Micronotes providing series of marketing campaigns for USAlliance FCU to help cross-selling efforts.
  • Palo Alto Software announces launch of EntrepreWorld, a virtual environment to test business plans in a virtual world of avatars. Come see Palo Alto demo its latest technology at FinovateSpring.
  • Consumers CU chooses Andera's oFlows platform for online account opening and lending.
  • Lighter Capital appoints Molly Gregg Otter as Vice President.
  • Bloomberg looks at how Jemstep, SigFig, and FutureAdvisor help manage your portfolio online. See Jemstep's new tech at FinovateSpring.
  • Forbes takes a close up look at London's FinTech Innovation Lab, including participants BehavioSec, Kiboo, and Open Bank Project.
  • Huff Post blog considers Lighter Capital's Revenue Loans as alternative to VC funding.
  • GCN looks at Dwolla's use in government.
  • Huff Post blog considers automated report-writing software company, Narrative Science. See its new tech at FinovateSpring.
  • Y C Universe profiles Trust Egg. See them demo at FinovateSpring in May.
  • MicroStrategy signs technology alliance agreement with MapR.
  • Berry Review takes a look at Pageonce Money and Bills on Blackberry 10.
  • Times of India highlights Klarna's growth in Europe.
  • Incentive Mag previews the launch of CashStar's table gifting solution.
  • Eye Verify announces results from biometric standard, performance and assurance lab survey. Join them in San Francisco for FinovateSpring.
  • IntelliResponse selected by KMWorld as one of "100 Companies that Matter in Knowledge Management" for 2013. Come see them in action at FinovateSpring in May.
  • New York City Mayor Michael Bloomberg officially 'opened the doors' to On Deck Capital's new NYC HQ.
  • Global Payments and edo Interactive launch pilot for card-linked offers network.
  • Boston Business Journal interviews Leaf CEO Aron Schwarzkopf. See Leaf's demo at FinovateSpring in San Francisco.
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-- March 19, 2013

  • Thumbnail image for Finovate-F-Logo.jpgVantageScore 3.0 now available from Experian.
  • WattzOn featured in RealtorMag column on energy savings for homeowners.
  • Communications Federal Credit Union to provide Tyfone mobile wallet services to its members.
  • Service2Media's M2Active 4.0 selected by Achmea as the "technological cornerstone" for its App Factory.
  • Bank Systems & Technology takes a look at what the acquisition of mFoundry means for FIS's future in mobile banking.
  • Bloomberg's Tech Deals reviews Jemstep Portfolio Manager.
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.jpgCapital Access Network has provided SMBs access to more than $3 billion in working capital and facilitated 100k transactions since its inception.
  • Online CV certification service Veritas Vitae enlists miiCard to help eliminate CV fraud.
  • Forbes highlights BillGuard as 1 of 7 Tel Aviv-based startups.
  • Finextra reports Yorkshire Building Society taps eWise for PFM service.
  • Affinity Solutions to discuss brand loyalty, transaction-enabled marketing at Loyalty Expo 2013.
  • ACI Worldwide assures that it will maintain roadmaps, commitments to ORCC customers in wake of acquisition.
  • Bazaarvoice chooses Cohn & Wolfe as agency of record for North America.
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.jpgMetaforic's self-defending software immune system named the Gold winner by Info Security Products Guide's 2013 Global Excellence Awards.
  • Worldwide Insure names Expensify the February Travel App of the Month.
  • TIO Networks expands Services with First Data's Money Network Prepaid Services.
  • Bloomberg Television interviews Klarna CEO Sebastian Siemiatkowski.
  • CashStar co-founder, CEO David Stone to lead panel on mobile shopping and gifting at Prepaid Expo.
  • AEGON Turkey insurance sales processes go mobile with Figlo tablet solution.
  • Lending Club appoints former Visa President as Director.
  • Apps from BBVA Compass, Pageonce, and Simple highlighted in American Banker's list of the top ten, most progressive mobile banking apps.
  • My Money Blog reviews Jemstep Portfolio Manager.
  • Co-founder and CEO of Birdback, Nicolai Watzenig named guest speaker at eDeal Summit.
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-- January 30, 2013

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  • Jemstep launches new Portfolio Manager service.
  • Aite Group names ACI Worldwide "Vendor to Watch" in 2013.
  • Acculynk's PayLeap now features API developer integration tools.
  • Figlo is 1 of 16 companies to join a global alliance with Microsoft.
  • American Banker reports Simple Enacts New Security Features.
  • All Things D lists Tuition.io as 1 of 2 companies to help college grads with empty pockets.
  • Netbanker reports: Movenbank Provides a Peek at its User Interface. Come check it out at FinovateEurope, less than 2 weeks away.
  • Experian extends Precise ID fraud prevention to online Social Security related services.
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.
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.

A few stand-out metrics for the year:

  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.

January -- $25 million raised by 3 companies
Currensee: $2 million -- blog post
Finsphere: $11.3 million -- blog post
HelloWallet: $12 million -- blog post

February -- $57 million raised by 5 companies
Capital Access Network: $30 million -- blog post
Dwolla: $5 million -- blog post
Jemstep: $6 million -- blog post
Kabbage: undisclosed -- blog post
Xero: $16.6 million -- blog post

March -- $68 million raised by 3 companies
Boku: $35 million -- blog post
eToro: $15 million -- blog post
ThreatMetrix: $18 million -- blog post

April -- $2.5 million raised by 1 company
miiCard: $2.5 million -- blog post

May -- $55.5 million raised by 5 companies
Kony: $15 million - blog post
Pindrop Security: $1 million -- blog post
SecureKey: $30 million -- blog post
SoMoLend: $1.17 million -- blog post
Yodlee: $8.3 million -- blog post

June -- More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million -- blog post
Arroweye Solutions: $3 million -- blog post
Cartera Commerce: $12.2 million -- blog post
Credit Sesame: $12 million -- blog post
Doughmain: undisclosed -- blog post
Lending Club: $15 million -- blog post
Nutmeg: $5.3 million -- blog post
Planwise: $200,000 -- blog post

July -- $6 million raised by 2 companies
Continuity Control: $1 million -- press release
SaveUp: $5 million -- blog post

August -- More than $49 million raised by 6 companies*
DemystData: undisclosed -- blog post
FutureAdvisor: $5 million -- blog post
FreeMonee: $34 million -- blog post
The Currency Cloud: $3.1 million -- blog post
CashStar: $5 million -- blog post
Continuity Control: $2.25 million -- blog post

September -- More than $59 million raised by 5 companies
Banno: $2 million -- press release
Betterment: $10 million -- press release
Edo Interactive: $15 million -- press release
Fuze Network: $2.5 million -- press release
Kabbage: $30 million -- blog post

October -- $37 million raised by 2 companies
The Currency Cloud: $1.9 million -- blog post
Braintree: $35 million -- blog post

November -- More than $23 raised by 4 companies
ActivePath: $10 million -- blog post
Jingit: $7 million -- blog post
Bazaarvoice: $6.7 million -- blog post
Xero: $49 million -- blog post

December -- More than $16 million raised by 4 companies
Waspit: $3 million -- blog post
Controlabill: $570,000 (A$600,000) -- blog post
Zopa: undisclosed -- blog post
ShopKeep POS: $10 million - blog post
Clover Networks: $3.3 million - blog post

*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinextra reports Connect.Me and miiCard team on verified social reputation card.
  • American Banker interviews Yaron Samid, BillGuard CEO, on How BillGuard Plans to Create A National Dispute Database for Banks.
  • Kony becomes the mobile platform of choice for Banco Itau Unibanco, 1 of the World's top 10 banks.
  • Tech in Asia considers how tech demonstrated at FinovateAsia relates to banks.
  • Former PayPal President Scott Thompson joins PaySimple Board of Directors.
  • Deloitte names SecureKey as one of Canada's Companies-to-Watch in the 2012 Deloitte Technology Fast 50 Awards.
  • peerTransfer expands international payment services into Australian Markets.
  • Bank Innovation reports: Online Financial Services Provider Holvi Partnering with Crowdfunding Site Mesenaatti.
  • Vator News features Kevin Cimring, CEO of Jemstep.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology News reports WattzOn Helps Banks Help Customers Save on Energy Bills.
  • Fast Company reports Personal Capital's beautiful app convinces the wealthy to trust their money to strangers.
  • TechCrunch reports that Mint.com updated its app to allow users to split transactions.
  • Crain'sNewYorkBusiness.com describes how BillGuard fits into the Big Data scene.
  • How DCisions, Personal Capital, SigFig, FutureAdvisor, and Jemstep Are Shaking Up Wealth Management.
  • Klarna adds Nigel Morris, co-founder of Capital One, and Anton Levy, MD of General Atlantic, to its board of directors.
  • Westmoreland Community FCU chooses Geezeo for PFM.
  • StockTwits debuts new social signals features.
  • Kony Solutions announces $15 million series C financing.
  • Mitek enables $10 billion worth of mobile deposits.
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 wealth management industry has seen increased press coverage lately. Take, for example, The Economist's recent piece discussing how increased competition from startups has tempted clients into moving assets to lower-cost alternatives.

The article mentions DCisions, a startup tackling the big data around client portfolios. It also highlights Personal Capital, which launched at FinovateFall. The Economist states that the startup's online platform:

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"... tries to straddle the world between cheap online wealth management and the old world of private banking"

Aside from the cost, one of the largest benefits of moving your 
millions into a startup like Personal Capital is that the investment advice is unbiased. This is a topic that Business Insider covered last week, voicing concerns that clients' brokers are "royally screwing them over."

The article states:

WealthMgmt.jpg

"With no other fees to compare your own to, you could wind up paying for far more than you should - especially if your broker's working on commission."

To ease this concern, the article recommends using
DIY tools such as SigFig, FutureAdvisor, or Jemstep. These tools help you see how your funds are performing and how much you're paying in fees.

To learn more about these companies, watch DCisions' FinovateEurope 2012 demo, Personal Capital's FinovateFall 2011 demo, SigFig's FinovateFall 2011 demo, FutureAdvisor's FinovateSpring 2012 demo (coming soon), or Jemstep's FinovateSpring 2010 demo

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  • Business Insider examines how SigFig, JemStep, and FutureAdvisor can help manage your investments.
  • Work Goes Strong recommends using Planwise to help get out of debt.
  • Huffington Post interviews Bill Harris, Personal Capital CEO.
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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Since we are nearing the end of the first quarter, we wanted to look back at all of the Finovate alums who have raised funding over the past few months.

Here's the month-by-month breakdown:

January -- $25 million raised by 3 companies

February -- $57 million raised by 5 companies
March -- $68 million raised by 3 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgpeerTransfer partners with Boston College.
  • L' atelier reports FreeMonee brings banks, customers & businesses together through promotional offers.
  • The Washington Post interviews Dwolla's Ben Milne.
  • Amex partners with InComm to reload its prepaid cards.
  • Spend Matters explores how Tradeshift's Cloudscan makes e-invoicing sexy.
  • Business Insider shares how to use JemStep to see if your broker is wasting your money.
  • ReadyForZero helps users pay off $12.5 million in debt, launches savings platform.
  • Kabbage partners with drop ship wholesaler Doba.
  • AlwaysOn selects Bill.com as a 2012 OnDemand Top 100 winner.
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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Jemstep, an online investment guidance startup that tracks over $170 million in investments, announced today it received $6 million in funding. 

This installment from private investors completes Jemstep's Series A funding, bringing the total up to $10.5 million.

The California-based startup plans to use the funding for product development, growth, and corporate recruitment.

To learn more about Jemstep, watch its FinovateSpring 2010 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHelloWallet receives $12 million in funding.
  • MercuryNews reviews Jemstep's online investment advisor.
  • CBS Money Watch hosts Jeff Mullen, CEO of Dynamics, to discuss the increased security of Card 2.0.
  • Know Your Mobile focuses on eToro's mobile trading app for Android. Come see eToro at FinovateEurope Feb 7.
  • Finextra reports Bank of Georgia implements ProfitStars social media compliance tool.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgRobotDough leaves GoDaddy due to SOPA support conflict.
  • Philly.com describes the Jemstep signup process.
  • Providence Business News reports Andera moves to a new office building.
  • eToro blog launches new column dedicated to analyzing the weekly activity on eToro OpenBook.
  • Forbes looks at Dwolla's payment revolution.
  • Ping Identity announces PingFederate is now available as an Amazon Machine Image on the Amazon Elastic Compute Cloud.
  • Credit Karma launches free credit monitoring service.
  • The Receivables Exchange announces strategic alliance with Insperity Investment.
  • Lending Club removes service fee on large loans.
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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  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the "Dwolla-trajectory."
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club's Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
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.
JemstepLogo.jpgJemstep launched an investment guidance and management service to the public today. The purpose of the free service is to help investors better control their financial future:

"Three years in development, the company's patented investment evaluation technology analyzes more than 20,000 mutual funds and exchange-traded funds (ETFs) to identify the best investment options based on each investor's unique goals and preferences. Data-driven, unbiased and transparent, Jemstep's recommendations enable investors to decide what to buy, what to sell and what to keep."

Jemstep CEO Michael Blumenthal describes the new service as personalized, objective, and actionable.

To learn more about Jemstep, watch its FinovateSpring 2010 demo.
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Andera
  • Andera launched FortiFI, a new fraud prevention system. Link 
  • Andera CEO Charlie Kroll discussed the release of FortiFI. Link 
ChargeSmart
  • ChargeSmart launched ChargeSmart Direct to provide customers with additional access to support staff. Link 
  • Fox Business News highlighted ChargeSmart and PlasticJungle's gift card trading service as a way to make savings fun. Link   
Check Point Software Technologies 
Check Point announced the 2012 version of ZoneAlarm. Link 

Currensee 
Currensee.jpg
  • Forex Crunch outlined the benefits of Currensee, describing its profitability as "significantly high". Link 
  • The Street highlighted Curensee as a startup that "rocks" the financial house. Link 
doxo
  • Chicago Tribune discussed doxo's step toward a paperless society. Link 
  • TechCrunch & VentureBeat featured the launch of doxo's mobile app, a mobile digital filing cabinet. Link  and Link 
  • Macworld took a closer look at doxo's new app. Link   
Dwolla
Dwolla.jpg
  • Dwolla released Grid, a feature that protects personal user information. Link 
  • The Street highlighted Dwolla as a startup that "rocks" the financial house. Link 
  • The Next Web interviewed Dwolla about its API. Link 
Enloop 
StartUp Beat profiled Enloop. Link

eWise 
eWise raised $14 million in funding. Link

Expensify 
Expensify.jpg
CNNMoney named Expensify as one of five best apps for businesses. Link

FreeMonee 
CardTrak.com examined FreeMonee's gift network. Link

Ftrans 
Ftrans raised $650,000 in equity financing. Link

GoalMine 
GoalMine won The Core Underbanked Innovators Challenge at the 6th Annual Underbanked Financial Services Forum hosted by Core Innovation Capital. Link

Jemstep 
Jemstep.jpg
Jemstep launched a new version of its service that features many improvements. Link

mFoundry 
The Washington Post reported that mFoundry's mobile deposit service is its most requested feature. Link

Mitek
  • Mitek Systems was granted 4 more patents for its mobile deposit feature. Link 
  • Bank Technology News discussed Mitek's new patents. Link 
Monitise
  • Monitise launched its services in India. Link 
  • The Wall Street Journal covered Monitise's 5-year agreement with Visa. Link 
  • TechCrunch examined Monitise's recent deal with Visa. Link  
Prosper 
Prosper raised $17.5 million in funding from investors. Link

RobotDough
The Street highlighted RobotDough as a startup that "rocks" the financial house. Link

SecondMarket 
CNBC interviewed Barry Silbert, CEO of SecondMarket, regarding its role in IPOs. Link

Silver Tail Systems 
Silver Tail Systems raised $20M in a Series B funding round. Link

Striata 
Striata partnered with POCiT to enable bill payments. Link

Sybase 
Sybase was named the most successful database software vendor in China. Link

ThreatMetrix  
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ThreatMetrix collaborated with USA ePay to provide fraud prevention to online retailers. Link

TradeKing 
TradeKing partnered with CoolTrade for automatic stock trades. Link

UBank 
UBank voiced that it will change the banking industry by using the web and mobile technology. Link

Zopa 
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BBC's Radio 2 interviewed Zopa CEO Giles Andrews about P2P lending. Link 

PopMoney (from CashEdge) wins award for excellence in Web design from the Interactive Media Council. http://bit.ly/finovate11301

Speculation from MarketWatch: Could ClairMail be headed for an IPO? http://bit.ly/finovate11306

ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281 

Expensify continues to grow its currency support base -- Expensify is now supporting 159 currencies. http://bit.ly/finovate1232

Robert Scoble uses Expensify for expense reports. http://scoble.it/finovate11305

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

GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292

This week's Jem 5 at Jemstep explores diversified fixed income funds. http://bit.ly/finovate1294

Generations FCU goes live with Jwaala's "Better Online Banking." http://bit.ly/finovate1237

Just for fun: Kasasa releases banks' playlists. See this week's from Jeff Davis Bank. http://bit.ly/finovate1236

Lending Club enjoyed a flurry of news coverage. Read the summaries  here: http://bit.ly/finovate1224 

Lending Club mentioned in PBS nightly business report. http://to.pbs.org/finovate1297

Mint.com now available in Canada. http://tcrn.ch/finovate1234

Congratulations to Mint founder, Aaron Patzer; winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296

Monitise to bring mobile payments to Nigeria. http://bit.ly/finovate1231

Mozo powering new "Compare, Ditch and Switch" campaign to allow Australians to shop around for better banking services.  http://bit.ly/finovate1283

Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com

The new SmartyPig rewards MasterCard provides up to 10% cash back at select retailers. http://bit.ly/finovate11303

Tyfone receives additional patent for electronic wallet technology. http://bit.ly/finovate11304

Wikinvest is even more mobile with Blackberry and Android Apps. http://bit.ly/finovate1235

Y Combinator and Yodlee cooperate to provide financial data services to startups. 
Here's the news from the Week of November 8, 2010. To see our updates real-time, follow us on Twitter.

Bling Nation partners with the southern USA's largest grocery chain, Brookshire Grocery. -- Bling Nation users can now pay, redeem and earn rewards with their mobile device at Brookshire and Super 1 stores. http://bit.ly/finovate11121

Donate to charity with SwipeGood and Blippy. -- Purchases are rounded up to the nearest dollar and the difference is donated to the charity of your choice. http://bit.ly/finovate1185

Card 2.0 from Dynamics wins "Best in Show."  -- The high-tech credit card was named the best innovation in personal electronics in a pre-show contest sponsored by the Consumer Electronics Show (CES). http://bit.ly/finovate11101

See how eRollover makes rolling over a 401k simple [video]. http://bit.ly/finovate1192

Jemstep announces the Jem 5. -- Each week Jemstep will list its top 5 mutual funds. http://bit.ly/finovate1182

Michican First Credit Union adds Jwaala online banking services. -- Michigan First has 80,000 members and $550 million in assets and was founded in 1926.  http://bit.ly/finovate1193

Jwaala partners with iPay to provide bill-pay solutions. http://bit.ly/finovate1102

Rudder.com shut down its online PFM service on Nov 3.  http://bit.ly/finovate1183. -- A conversion guide is available to those who wish to move to MoneyStrands. http://bit.ly/finovate1184

See Silver Tail's  "federation service" in action. http://bit.ly/finovate1181

Silver Tail  Systems won a contract to provide behavior analytics to US Government websites. http://bit.ly/finovate1191
 

Weekly Updates -- Week of 10/3/10

Here are the news updates for the past week. To view our updates in real-time, follow us on Twitter here.

Andera closes a $9 million funding round led by Edison Ventures. The company plans additional hiring soon. http://bit.ly/finovate9282
 
Bling Nation now available throughout the Stanford University campus. Students and visitors can now buy lunch, coffee or books with their mobile phones. http://bit.ly/finovate9274
 
Palo Alto, CA, is ready for Bling Nation mobile payments. http://yhoo.it/finovate9283

Blippy reports users sharing $500K in purchases a day. http://j.mp/finovate1061

CashEdge partners with Bundle.com on the "My Money" application.  http://bit.ly/finovate1017

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

ClairMail raises $13.8 million for mobile banking technology. http://tcrn.ch/finovate1056


Jemstep prepares to add Exchange Traded Funds (ETFs) and stocks to the mix. See how far they've come since launching in private beta. http://bit.ly/finovate1015

Jwaala and Cardlytics partner to provide reward programs. http://bit.ly/finovate9291

DownloadSquad.com reviews Kapitall. "Massive, beautiful stock market playground." http://bit.ly/finovate1011

Kapitall's iPad app is now available in the iTunes App Store. http://j.mp/finovate1063 (See the Wired Magazine review.) http://j.mp/finovate1064

Federal Credit Union (NJ) is now offering Kasasa Tunes, which pays rewards on free checking in iTunes credits. http://bit.ly/finovate9272

Lending Club adds managing director, Joseph Toms. Toms was a former managing principal of Hilspen Capital Management. http://bit.ly/finvoate9281

Lending Club issued $12M http://www.moneta.com in loans in Sept. 2010. The company has paid out a total of $12 million in interest to investors. http://bit.ly/finovate1058

Mint.com is hosting a contest to spread the news about Mint and win an iPad. http://bit.ly/finovate9294

Moneta has announced a name change. The company will now be known as Rialto Commerce. http://bit.ly/finovate9292

US Bank and Monitise introduce free mobile banking service for prepaid card holders. http://bit.ly/finovate1053

Prosper reaches 1 million members. A grand total of $206 million in loans has been funded on its peer-to-peer platform. http://bit.ly/finovate1057

SafetyPay launches further into Latin America with Braspag partnership in Brazil. http://j.mp/finovate10610

Second Market is hiring. Check current opportunities online. http://bit.ly/finovate9293

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

The Wall Street Journal named The Receivables Exchange one of the most innovative technology companies in the world. Receivables Exchange was the single winner in the e-commerce category and one of only 17 winners overall. http://bit.ly/finovate9271

ThreatMetrix closes on $12.1 million funding round. So far, the company has raised $18 million to help detect online fraud in social media and gaming platforms.  http://tcrn.ch/finovate1051

Wesabe founder Marc Hedlund tells TechCrunch what went wrong. http://tcrn.ch/finovate1014

Chaikian Stock Research selects WorkLight mobile to develop next-generation financial applications. http://bit.ly/finovate1012
Here are the news updates for the week of August 22, 2010. To view in real-time, follow us here.

Fiserv announces the launch of Remote Deposit Capture, a remote deposits solution. http://bit.ly/finovate8266

Check out Geezeo's summer growth spurt--wow! More than a half million new credit union members now have access to Geezeo's unique engagement-banking tools.  http://bit.ly/finovate8222

Jemstep rolls out activation to closed-Beta users. Pre-registered users now have access to the first Jemstep release. http://bit.ly/finovate8221

Congratulations to mFoundry! Their platform crossed the 1 million users mark this week. http://bit.ly/finovate8262

SecondMarket partners with StockTwits. Inside the SecondMarket platform, StockTwits Twitter conversations about the company will also appear. http://bit.ly/finovate8265

Silver Tail Systems hosts webinar on security through behavior analytics on September 2. The event is co-hosted by WhiteHat Security. http://bit.ly/finovate8261

Tyfone receives a $5 million venture capital investment. Tyfone provides mobile phone banking solutions. http://bit.ly/finovate8223

Wikinvest launches app for iPhone. It is free in the app store. http://tcrn.ch/finovate8271  

Alumni News Week of July 4th, 2010

Here are our news updates for the week of July 4, 2010. To get our updates real-time, follow us here.

Home ATM shifts focus to mobile Merchants. Home ATM isn't abandoning PIN-based transactions at home but is concentrating on what they call "anywhere commerce" such as service companies, flea markets, and market vendors. http://bit.ly/finovate771

Jemstep inks aggregation deal with CashEdge. Aggregation will allow Jemstep users to view all of their investment accounts at once and determine allocation across all of their portfolios. http://bit.ly/finovate761  

Outright.com releases improved sales tax collecting features. Two new categories are available to users "Sales Tax Collected" and "Sales Tax Submitted." http://bit.ly/finovate772

Online Banking Report on real-time bank transaction feeds and alerts. Look at Blippy/Swipely. http://bit.ly/OBR_181 

FinovateSpring 2010 LogoJust a quick reminder that the early-bird ticket prices for FinovateSpring 2010 (May 11, San Francisco) will expire at the end of March (less than 2 days from now). If you register by March 31, you'll save $100 on your ticket and lock in your spot to see debuts and demos of dozens of new financial and banking technological innovations. 

We've handpicked an amazing list of companies to demo their latest including:

Tickets are selling well with hundreds of registered attendees from great organizations like: 

  • AARP
  • BNP Paribas
  • CBS
  • Experian
  • Google
  • Intuit
  • Kaiser Permanente
  • Mechanics Bank
  • Tower Group
  • USAA
  • Visa
  • Aite
  • Capital One
  • Celent
  • Filene
  • H&R Block
  • Jack Henry
  • Motley Fool
  • Target
  • PayPal
  • US Bank
  • Wells Fargo
  • Alliant Credit Union
  • Canaan Partners
  • Discover
  • Forrester Research
  • ING DIRECT
  • Highland Capital
  • Javelin Research
  • NY Times
  • TransUnion
  • Venrock
  • Wired Magazine

FinovateSpring is one of our twice-yearly showcases of the best new ideas in banking and financial technology. The show is built around a unique blend of fast-paced demos of actual technology (no slides!) and high-quality networking with an audience of senior FI executives, fintech entrepreneurs, VCs, press, industry analysts and bloggers. It's an awesome environment to find your next competitive edge.

Don't miss out on the early-bird price on your ticket to this great show. Register now!

P.S. Online Banking Report subscribers are entitled to an extra discount to our Finovate conferences. Email me to get it.


ericphoto.jpgEric 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.

FinovateSpring-date-web.png

We're very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. The quality of the new ideas that will be demoed on stage is very high this year and we're incredibly excited to showcase them to you.

The demoing companies selected (that we can reveal so far) are:

These companies will be showcased to an audience of senior financial/banking/credit union executives, influential press, industry analysts, venture capitalists, bloggers, tech companies and entrepreneurs.

A sampling of the great organizations already registered to attend includes: AARP, Aite, Alliant Credit Union, BNP Paribas, Capital One, Celent, Discover, Experian, Fidelity, Filene, Forrester Research, Google, Highland Capital, Intuit, Javelin Strategy, Jack Henry, Mechanics Bank, Motley Fool, NY Times, PayPal, Tower Group, USAA, US Bank, Venrock, Wells Fargo, and Wired Magazine.

We'd love to have you join us at the spring event and watch the future of finance/banking unfold onstage. If you register today you'll save $100 via the early-bird ticket discount. Please note that the early-bird prices expire at the end of this month and space is limited so lock in your spot now!


ericphoto.jpgEric 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.

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