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  • Finovate-F-Logo.jpgPYMNTS: Shopkeep POS undergoes latest revision and releases 2.0 version.
  • Jumio partners with Equifax to make mobile transactions more secure.
  • Leaf launches Payments Apps Marketplace.
  • Dallas Business Journal names defiSOLUTIONS CEO Stephanie Alsbrooks one of its 40 Under 40. See defiSOLUTIONS demo at FinovateSpring in San Jose.
  • Bloomberg column on apps for financial health features Level Money, Check, Mint, LearnVest, and Betterment.
  • Level Money earns spot on Entrepreneur.com's "5 Must-Watch San Francisco Tech Startups in 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.
  • SumUp to participate in the Visa Ready program to prepare their mobile acceptance software and hardware tested and approved for use by Visa.
  • Linkable Networks partners with 4INFO, a mobile ad tech company, to provide consumers with access to card-linked offers via mobile devices.
  • Metaforic releases Metaforic WhiteBox, a secure cryptography solution for Mobile Financial, Conditional Access, BYOD and Embedded Communications and payments.
  • Merchant Customer Exchange chooses FIS to power real-time, mobile commerce payment network.
  • Finovate alum Braintree highlighted in coverage of MobileBeat 2013.
  • Financial Post takes a look at "do-it-yourself hedge fund site" Quantopian.
  • Allied Payment Network and Malauzai Software team up to provide PicturePay as stand-alone mobile bill pay solution.
  • Dashlane and Narrative Science graduate from FinTech Innovation Lab after participating in "Demo Day".
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.jpgBraintree opening office in Sydney, Australia, that will cater to developers and startups.
  • Monitise named winner in the Inspire Wales Awards.
  • Pindrop Security raises $11 million led by Andreessen Horowitz and Citi Ventures.
  • Metaforic wins American Technology Award for Cyber Security.
  • New Business interviews CurrencyFair founders on saving money when making foreign currency transactions.
  • Biz Report's Mobile Marketing column features 3 tips to improve location-based campaigns in an interview with Locaid CEO, Rip Gerber.
  • INTJ Capital takes a look at QuantConnect's announcement that it has added historical FX and US equity tick data.
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-- April 29, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNerdWallet profiles GoodApril. See them demo at FinovateSpring in May in San Francisco.
  • CSI Enterprises launches globalVCard for Travel mobile app.
  • Cairo Amman Bank to deploy Temenos T24.
  • Kashoo announces updates to its cloud accounting web app.
  • Cardlytics named a Best Workplace by The Atlanta Journal-Constitution for second consecutive year.
  • Virtual Piggy sees 100,000 new active users sign-up since March for its youth wallet solution. Come check out their demo at FinovateSpring.
  • Gartner names Metaforic as a 2013 Cool Vendor in the Security Infrastructure Protection category.
  • Arxan Mobile Application Integrity Protection for IBM Worklight Apps enables IBM Worklight customers to protect their mobile apps against hacking. Come check out Arxan's new technology at FinovateSpring.
  • ID Analytics introduces new version of Credit Optics Credit Score for more intelligent insight into consumer behavior.
  • Newfination talks to BankBazaar about how it works.
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-F-Logo.jpgVoiceTrust and Finantix partner to provide voice-driven, secure mobile solutions.
  • Upstart Business Journal reports ShopKeep and LevelUp partner to keep up with the competition.
  • FamZoo introduces Family Pack of prepaid cards through partnership with TransCard.
  • Monitise collaborates with Blackberry & Permatabank to launch mobile payments service on Blackberry Messenger in Indonesia.
  • Lend Academy features Interview with New Prosper CEO Stephan Vermut.
  • SafetyPay partners with Computop to offer SafetyPay as part of its Paygate payment platform.
  • EnStream to enable the support of SecureKey's authentication, identity & online payment solutions on mobile phones in Canada.
  • Virtual Piggy & WorldPay integrate to deliver youth payment solution internationally.
  • Luminous partners with Nihilent Technologies to sell Luminous' solutions in India.
  • Tuition.io featured in this week's Venture Capital program.
  • Mortgagebot expands space in Mequon with lease for new building.
  • PayPal to stop personal payments in Singapore on February 20 due to regulatory instructions.
  • iMore.com interviews Kashoo CEO Jim Secord at MacWorld|iWorld 2013.
  • TSYS announces acquisition of NetSpend in deal worth more than $1 billion.
  • ProfitStars announces year-over-year growth in P2P users, payments for its iPay Solutions service.
  • Metaforic's product line now available for mobile apps written in Objective-C, the most commonly used language on iOS platform.
  • Delaware Online hails eDeposit as a boon for small businesses.
  • ACI Worldwide launches ACI Proactive Risk Manager to help FIs detect payment fraud.
  • Bazaarvoice builds new research and development unit, Bazaarvoice Media Labs.
  • Jack Henry & Associates add remote deposit capture to Android and iPhone versions of goDough app.
  • Opencart announces full integration of Klarna invoice and partial payment system.
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.
This post is a part of our live coverage of FinovateEurope 2013.

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Then, Metaforic showcased its security technology that protects mobile apps from unauthorized code changes:

"We have a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define. 

Critically, for financial institutions that have a lot of mobile developments underway, it can be integrated with existing developments at the end of the software development lifecycle, and it is an automatic process not requiring significant developer time or security expertise."

Product Launch: FinovateEurope 2013

HQ: Glasgow, Scotland
Founded: 2006
Metrics: Metaforic is a 35-person company that has raised over $12M, primarily from VC groups such as SEP, Pentech and the Scottish Government.
Website: metaforic.com
Twitter: @MetaforicLtd

Presenting Douglas Kinloch (VP Business Development) and Ewan Dennis (Sr. Engineer)
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FinovateEurope 2013 Sneak Peek: Part 2

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Here's part 2 of the sneak peek of the companies that will demo at FinovateEurope on February 12 and 13 in London. 

Each company provided a short summary of the innovation they will debut on stage. We published 27 last week and we will complete the preview next week.

Don't miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateEurope ticket here.

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Backbase

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Digital Marketing professionals can use Backbase purely for digital marketing purposes: e.g. collecting user behavior and running campaigns in specific sections of existing websites and platforms, then assigning certain areas where Backbase collects data and shows campaigns.

With Backbase you can now start small. Just embed in your existing site and expand from there, creating a full cross-device user experience platform.

Innovation type: Marketing, mobile, online

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Heckyl FIND (Financial In News & Data) is real time news and data analytics platform for retail traders and brokerages.

FIND is integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment and market data to help traders find trading opportunities in this fast moving market.

FIND helps you explore new ideas and keep pulse on current business events/issues.  Whether you are a short term trader, investor, or fund manager - whether you prefer equities, futures and options, forex or commodities - you will find a wealth of information that matters to you streaming at your fingertips.

Innovation type: Investing & asset management, online

Holvi

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Holvi is the long tail of retail banking. It changes the whole concept of the bank account from a passive utility to an active enabler of any activity. Out-of-the-box Holvi comes with built-in payment acceptance, tools for financial understanding and the ability to share it with a group. We bring in building blocks from our banking and payments partners that our customers can add to their Holvi accounts.

Holvi is used by small businesses, non-profit organisations, projects and individuals. Holvi is regulated by the FIN-FSA and is located in Finland. Holvi is launching Europe-wide in 2013.

Innovation type: Online, payments small business

Kalypton

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Point solutions for payments? Why limit yourself? Proven at scale in Africa, Tereon is a complete payments ecosystem and toolkit designed to support rapid innovation.

With Tereon, you can implement any number of innovative products and payment services, be they point solutions or new networks. You can support any business logic, and you can use existing core systems and settlement processes to provide secure, inter-operable, account-to-account, payments that meet stringent regulatory standards.

We will demonstrate a four-party deployment that supports payments from phone to phone, phone to card terminal, card to terminal and on-line in multiple currencies.

Innovation type: Banking

Metaforic

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Metaforic has a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.

For financial institutions that have a lot of mobile developments underway, Metaforic technology can be integrated with existing developments at the end of the software development lifecycle. This technology is an automatic process not requiring significant developer time or security expertise.

Innovation type: Security

Pockets United

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Pockets United occupies a hot space: carriers see their business threatened by all-encompasing data flats, while traditional banks and credit card companies see payment shifting to mobile devices - whose users are owned by the carriers, ultimately leaving both seeking for differentiators.

BAM! 'Social' is the next big thing in mobile payments, yet it is not easy to implement for existing PSPs or banks. A category killer in this field must be social by design.

Think of us as Paypal, just with a lot more pal - and get excited about a cutting-edge user experience that is fun to use day after day! Because, after all, dividing expenses should lower the burden for all, not cause additional effort for some.

Innovation type: Mobile, payments, PFM

rplan

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Investing can be time-consuming. rplan has created a simple, easy-to-use tool to create your own personal investment portfolio from over 2,400 available investments to find the ones best suited to you.

rplan is for customers who want choice, but who don't want to become finance specialists just to manage their investments - because there are better things to do in life than researching mutual funds.

Innovation type: Investing & asset management, online, PFM

SumUp

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SumUp's vision is to change commerce on a global scale starting with a real and existing payments problem.

Today, millions of small businesses are missing out on customers because they cannot accept card payments due to high fees and long contract durations. SumUp offers the easiest way for small businesses to accept card payments. 

Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.

SumUp will demo a new cashless point-of-sale solution that will radically simplify the way people pay in every day life.

Innovation type: Cards, mobile, payments, rewards

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple and Jwaala's natural language search.
  • Metaforic extends its app protection system to be compatible with the upcoming BlackBerry 10 operating system.
  • Plastyc powers online banking and payments services for H&R Block, launches new white-label service.
  • Andera increases sales bookings by 59%, sees 5x increase in oFlows customers.
  • Cambodia's leading commercial bank adopts Temenos Group technology upgrade.
  • Fiserv completes acquisition of Open Solutions.
  • AppShopper features eDeposit's first mobile app.
  • Edelweiss Securities launches real time news terminal powered by Heckyl Technologies.
  • Google Analytics touts Kapitall's content experiments.
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.jpgCortera rated higher than competitors in perceived value according to industry survey.
  • Al Rajhi Bank launches online banking platform built with Backbase Portal. Come see Backbase at FinovateEurope Feb. 12 & 13.
  • Brian Madden touts Metaforic's app immune system.
  • TechCrunch reports: SigFig Crosses $50 Billion In Assets Managed Through The Platform.
  • Bloomberg reports: Fiserv Buys Open Solutions to Grow Financial Services. Come to FinovateEurope to see Fiserv's live demo.
  • Zapsibcombank launches loyalty program with technology from Compass Plus.
  • Locaid adds Cricket Wireless devices to platform.
  • Promo Codes 2013 features the top six promotions at TradeKing.
  • Visa in India deploys TSYS technologies to assist in account holder authentication.
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.jpgMetaforic unveils Latest Software Protection Technology.
  • Monitise in talks to raise up to 100 million pounds ($160 million USD).
  • miiCard launches online identity trust challenge for Scotland's university students.
  • American Banker looks at My Community FCU's experience with MoneyDesktop.
  • Zopa exceeds a quarter of a billion pounds ($400 million USD) in P2P loans.
  • Forbes reports that Corduro is seeking to raise $10 million in series B funding.
  • Pageonce adds File Cabinet, Scheduled Payments to improved Money & Bills app.
  • Epson expands global deployment of Bazaarvoice platform.
  • Matchfund wins place in Yodlee Interactive Incubator Program.
  • Experian announces renewed data, analytics deal with Hitachi Capital UK.
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.
MetaforicLogo.jpg
Next, Metaforic launched mobile software security technology:

"Metaforic is demonstrating its latest technology that can detect, respond, and report on a range of security threats to mobile financial applications. The product works on a per-app basis at the application layer to inform operators of the real-time security state of the application and device. 

For example, a Metaforic protected application can detect an application repackaged with a malicious payload, alert the institution if the app connects to its service, and mark any transactions with a higher risk profile. Another example is if the device is jail broken, it will be reliably reported."

Product Launch: November 2012

HQ: San Jose, CA, USA
Founded: 2006
Website: metaforic.com
Twitter@MetaforicLtd
Finovate demo video: Demo videos will be posted next week

Introducing Douglas Kinloch (VP Business Development), Ryan Lambert (Director, Professional Services)

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  • TIBCO Software named to Software Magazine's 500 Largest Software Companies in the World.
  • SoMoLend and GATE Global Impact make a deal that will facilitate investing in business expansion and job growth.
  • Goodwill to provide HelloWallet subscription to employees as well as community members with disabilities and unemployed.
  • Metaforic announces partnership with Appthority to reduce mobile app risks and enhance security.
  • Microsoft's new Windows 8-style UI now supported by the KonyOne Platform.
  • MSM Media awards eToro Best Social Media Trading Product for its OpenBook platform.
  • Ping Identity recognized as 1 of 5 high-growth businesses at Denver Startup Week.
  • National Gift Card Corp partners with InComm to offer gaming & music eGift cards for businesses.
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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For our first ever FinovateAsia conference, we've selected 36 leading innovators to take the stage in Singapore on November 6.

Each company provided a sneak peek of what they'll demo next month. Below is the first installment of these teasers. We'll have more next week.

Don't miss your chance to see the live demo from each company and be a part of our inaugural FinovateAsia conference. Get your ticket here.
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Airline pilots train in flight simulators, known to be one of the most effective training methods. After the financial crisis, isn't it about time your risk managers have access to the best training techniques?

BankersLab offers training products designed to enhance a banker's ability to develop and test strategies in a range of real-world market conditions. Utilizing a blended learning model, BankersLab integrates numerical simulations, scenario games, the gamified classroom, and m-learning for optimal understanding and knowledge retention. 

BankersLab's comprehensive suite of products suits all skill levels; ensuring your teams are the best trained in the industry.

Innovation type: Cards, lending, payments

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BellaDati launches BellaDati agile analytics and reporting cloud tool for financial data analysis. 

BellaDati reinvents the way business users can interact with data. BellaDati will introduce features like GEO analytics, mobile reporting BellaDati Piccolo or social network for business data analysis. All this topped with easy connectivity to various data sources. Stay tuned to the new wave of business analytics inspired by gorgeous Isola Bella island located close to the Sicilian coast. 

Innovation type: Back office, mobile, sales

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Bank lending to thin-and no-file small businesses in emerging markets is a billion dollar opportunity - yet traditional lending requirements make it inefficient and expensive. EFL's Credit Screening Tool, which uses non-traditional data such as psychometric principles that statistically relate entrepreneurial qualities such as intellect, business acumen, ethics, attitudes and beliefs to credit screening, makes lending scalable and profitable. 

EFL will show how seamlessly its partners have integrated Credit Scoring Tool to their existing lending processes to increase their loan portfolios by over 100% and decrease defaults by over 40%.

Innovation type: Banking, identity, lending

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Fiserv will demonstrate its world leading mobile banking platform - Mobiliti - used by over 1,000 banks and credit unions around the world. The focus on the demo will be on Mobiliti Reach - a product to help banks profit from servicing underbanked and unbanked market segments.

Innovation type: Back office, mobile, payments

HecklyLogo2.jpg
Heckyl FIND is a simple and yet powerful platform which integrates real time news, analytic, and sentiment mining in your trading terminals.

Heckyl FIND provides the first and a very powerful enterprise social trading terminal enabling your analyst to collaborate in real time with Traders, exchange great ideas, trading insights and empower your Traders with all the information to take the next action, here on Heckyl Dashboard.

Heckyl FIND is exclusively for financial institutions, brokerages and the trading community to get access to real time trading ideas, research reports, economic alerts and much more.

Innovation type: Investing, online UI, PFM

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Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and able to provide for both private and public ecologies, as well as emergent and structured innovation approaches. 

Innovation Café is a lightweight platform with advanced white labeling, and custom theme capabilities. It has the ability to integrate with different systems and provide detailed reporting. Crowdsourcing and community collaboration are used to focus the attention on business objectives, enhanced through idea challenges.

Innovation type: Banking, mobile, online

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Get peace of mind knowing that your company's financial mobile app is secure. Metaforic technology stops malware and hackers in their tracks. See live, an attempted malware attack on a mobile app and the technology that stops it.

Innovation type: Security

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With fewer people going to branches due to the convenience of internet, it weakens banks' ability to acquire, develop a face-to-face personal relationship and recommend relevant products to their customers. 

Users are also spending very little time on internet banking due to a very transactional "touch-and-go" behavior. So how do you get the right customized products to the right customer at a time when they most need it?

Innovation type: Marketing, PFM, rewards

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Sandstone will be showcasing its 'next generation' consumer banking solution combining internet and mobile banking, personal financial management and loan origination capabilities to form a powerful end-to-end customer acquisition and retention tool.

Building on the "anytime, anywhere" capabilities of emerging tablet and smart phone platforms, Sandstone will show how consumers can interact with their bank for a range of integrated banking services.

For example, we will demonstrate the customer's experience of finding and purchasing a new home, including property suggestions based on their savings, property selection, valuation, credit assessment and loan approval - all in real time from any device

Innovation type: Lending, marketing, PFM

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Strands Finance is presenting new "What If" functionality that takes PFM historical data and makes it relevant for the future. Users will gain greater insight and control of their financial health with little to no effort. 

For banks, the data is invaluable to better advise their customers. Strands has developed and leveraged pattern identification algorithms that help model future scenarios and the impact to the user's short-term cash flow to long-term net worth.

Innovation type: Mobile, online, PFM

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The 21st century customer is all about the experience. 

To be ahead of competition, retailers and banks need to drive revenue through new channels and differentiate themselves through unique customer experiences to build loyalty. With the combination of time, relevance, and behavior, TIBCO offers an integrated solution linking the end-users, retailers and banks - anytime, anywhere.

Innovation type: Mobile, payments, rewards

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Wipro will debut its Wipro SmartOffers solution at FinovateAsia 2012. The innovation provides bank customers with Digital Offers which can be redeemed at merchants for availing benefits/discounts at the time of purchase. These offers may be merchant-or-bank-funded at the bank's preference. 

The solution is different from the aggregator-centric models currently in practice in the market, championing the bank centric offer model. Wipro's solution gives the power back to the banks, by making them the center of the Digital Offers Universe. By making the entire offer landscape bank-centric, banks reap the benefits hereto left for aggregators.

Innovation type: Banking, rewards

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