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 - miiCard partners with authentication company, Toopher, to help users and businesses more effectively fight fraud and secure new services online.
- BBVA Compass deploys Mitek's Mobile Photo Bill Pay.
- TIBCO Software acquires StreamBase Systems.
- Kofax issued patent that covers sending receipt confirmation for a fax.
- AU Arts Hub profiles Narrative Science's approach to journalism.
- Cashstar announces patent for virtual gift card technology.
- Keynote brings MITE Enterprise, DeviceAnywhere Enterprise to UFT users.
- Green Dot to acquire Walmart's reloadable prepaid card business, MoneyCard.
- Affinity Solutions raises more than $21 million.
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.
- Xero and Stripe partner to simplify online payments for small businesses.
- Bank Innovation reports: Mitek Launches V 2.0 of Mobile Photo Bill Pay solution.
- Boku teams with PlayJam to bring mobile payments to smart TVs.
- SimpleTuition partners with College Parents of America to bring student loan and loan comparison insight from SimpleTuition its members.
- Creditnet.com ranks the Best Personal Finance Software of 2013 (So Far): 1) Personal Capital, 2) Mint.com 3) ReadyForZero.
- Emida adds Colombia to list of operating countries.
- Kofax launches Analytics for Capture business intelligence solution.
- Pymnts.com interviews TransferWise co-founder Kristo Kaarmann.
- RightStartups takes a look at Betterment as a "new concept in a very traditional industry."
- Dynamics launches "Everything Else is Just Plastic" TV Ad.
- TradeBox Media reviews Zooz's retail app plug-in.
- International Business Times looks at how Arxan's technology is used to protect mobile banking apps from attacks.
- Newfination interviews Uri Gruenbaum, co-founder and CEO of TipRanks.
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.
 Central Intelligence Agency takes an actionable interest in Narrative Science.
- IT operations management company Boundary touts its relationship with CurrencyFair.
- Backbase CEO and co-founder Jouk Pleiter warns that bank customers are "no longer content to do the groundwork."
- Mercator Advisory Group analyst takes a look at TSYS's proposed acquisition of NetSpend.
- Mitek, LendUp, & Fuze Network dubbed runners up in 3rd Annual Core Innovators Mega Challenge.
- TIO Networks announces strategic relationship with Aio Wireless.
- Stockr wins Vator Splash LA startup competition, crowned most exciting company.
- BankersLab launches Bank-it: Credit Edition.
- Personal Capital to establish a Denver office and hire 100 financial advisers.
- Business Insider interviews Braintree CEO, Bill Ready.
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.
- PaymentsSource talks with Noam Inbar, VP for product development for Zooz.
- OneID takes a look at the "security theater" of Twitter's two-factor authentication.
- TSYS renews payment processing arrangement with Nationwide Building Society.
- Pizza Marketplace interviews Leaf director of sales Alex MacKenzie on mobile marketing.
- MIT Technology Review features OpenCoin.
- Waspit to release new UX & mobile Apps in August to coincide with the new academic year.
- TIO Networks partners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.
- Virtual Piggy partners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.
- Mitek receives patent for signature verification and fraud detection.
- Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.
- CU Times highlights Moven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.
- Silicon Prairie News features Banno and EyeVerify demos at FinovateSpring.
- Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker's Internet Trends report.
- SaveUp helps credit union members save more than $400 million.
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 agreement between Allied Payment Network and City Bank Texas will put the company's mobile bill payment service at the disposal of the bank's customers throughout the Lone Star State. How does PicturePay work? The app takes advantage of the fact that the average smartphone in 2013 has a high-enough quality resolution to accurately photography the average credit card or utility bill. Add in the amount to be paid, the date, and the app does the rest. PicturePay pulls the relevant data from the image of the bill, makes sure the biller is the correct one, and then issues the payment through its own network. 
A few facts about City Bank of Texas: - The bank has $2 billion in assets
- The bank is headquartered in Lubbock, and has 22 branches throughout the state.
- Founded in 1941, the bank has more than 500 employees
Interestingly, the technology behind PicturePay, specifically the optical character recognition (OCR) engine, was developed by another Finovate alum, Mitek. Read more about Mitek's technology here. Allied Payment Network is one of the companies that will be presenting its technology at FinovateSpring in San Francisco in May. To learn more about the event, including how to buy tickets and save your spot, visit our FinovateSpring information page here.
- AG Beat features Entrepreneurial Finance Lab.
- BSCG, Mitek, and Yodlee selected as Monarch B2B Innovation Award Winners.
- Lodo Software appoints Matthew Lawlor, former founder & CEO of Online Resources, to board of directors.
- South African Logistics Company implements Kofax Software to Automate HR. Watch Kofax demo live at FinovateSpring.
- Business Credit Radio features Sue Heilbronner, PaySimple's Chief Growth Officer.
- American Banker highlights Plastyc's unique approach to serving prepaid card users. Watch Plastyc's demo at FinovateSpring.
- Mati Greenspan, senior investment consultant at eToro, explains how eToro will soon support Bitcoin.
- American Banker looks at Braintree's multi-merchant approach. Come see Braintree demo at FinovateSpring.
- Live Science considers how Narrative Science
automates journalism and report generation. See Narrative Science's live demo at FinovateSpring.
- Quantopian announces algorithm development competition. The company will demo at FinovaeSpring in May.
- Bank Innovation reports: Intuit will continue to support FinanceWorks.
- Reuters takes a look at TipRanks. See them demo at FinovateSpring.
- eDeposit announces major new features in upgrade of mobile app.
- TradeHero a winner at Echelon Singapore Satellite pitch competition.
- INTJ Capital gives kudos to Quantopian's decision to provide for external data sets. Join Quantopian in San Francisco for FinovateSpring in May.
- American Banker interviews Green Dot CEO and founder Steven Streit. See Green Dot demo at FinovateSpring.
- Realty Mogul is among the companies highlighted in Upstart Business Journal column on crowd funding. See them demo at FinovateSpring.
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.
 Recently, Business Centric Services Group (BCSG), Mitek, and Yodlee were honored at the Monarch Innovation Awards: Business Centric Services Group (BCSG) - Award category: Most Innovative Industry Partner
 - Product: Business Hub, an online subscription service that gives micro business owners access to a suite of tools that provides easy-to-use solutions for common challenges.
- FinovateEurope 2012 demo video
 Mitek - Award category: Overall Most Innovative Award
- Product: Mobile Deposit, a solution that enables financial institutions to offer remote deposit capture to their clients.
- FinovateSpring 2012 demo video
Yodlee - Award Category:
 Honorable Mention - Industry Partner - Product: Yodlee Platform, a product designed to help financial institutions reach valueable customer segments by tapping into Yodlee's deep understanding of the unique financial needs, goals, and concerns of customers.
- FinovateFall 2012 demo video
The awards are presented by Minnesota-based Barlow Research Associates to recognize B2B innovations within the financial services industry that provide the most innovative products to business customers. _________________________________________________________________ See Monarch's FAQ to learn more about the Innovation Award methodology
- Investors Business Daily interviews Barry Silbert, SecondMarket CEO, who says the stock market is broken.
- Xero opening new LA office for Southern California team.
- Bank Innovation reports: Fiserv Tops 1 Million Mobile Deposit Capture Users, 7 Million Mobile Users.
- Radio New Zealand reports: Xero to launch fully into U.S. market in July.
- Candace Klein, SoMoLend CEO, discusses the hardship that the SEC's delay of the JOBS Act has caused.
- Yodlee receives 2013 Honorable Mention in Industry Partner category for the Barlow Research Associates' Monarch Innovation Awards.
- Virtual Piggy integrates with Oracle ATG Web Commerce, expands reach of network to more than 390,000 brands.
- Mitek's Mobile Deposit solution receives top award for Overall Most Innovative from Barlow Research Associates.
- Management Today interviews Zopa CEO, Giles Andrews.
- TechCrunch looks at Realty Mogul and its recent win at the Founder Showcase pitch competition. See them in action at FinovateSpring in May.
- GreenDot and UniRush launch reloadable prepaid Visa card. Join GreenDot for FinovateSpring in San Francisco.
- Allied Payment Network bill payment technology integrates with CSPI's Aurora online banking platform.
- Zooz announces partnership with ChronoPay. Join Zooz in San Francisco for FinovateSpring in May.
- Identity Theft 911 CEO to lead discussion on social media and insurer risk at upcoming NAMIC seminar.
- Roadtrip Nation interviews Dan Reed of Bazaarvoice.
- Money Street Smart reviews TradeKing.
- Hard Assets Alliance features an interview with Gold Bullion International CEO Steven Feldman.
- Newfination interviews Taavet Hinrikus of TransferWise.
- Engine talks about rewarding risk-takers with GoodApril founder Benny Joseph.
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.
 PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards. Three Finovate alums were selected as overall Best in Show winners: First place: Pangea Payments- Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
- Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
- Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
- Finovate demo: FinovateFall 2012
- Description: Small business payments solution
- Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
In addition, five Finovate alums took home Gold awards, five won Silver awards, and seven were awarded in the Bronze category. Here is a summary of all of the winners: Gold - Category: Most innovative
- Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
- Finovate demo: FinovateEurope 2012
- Category: Best credit
- Innovation: The consumer's advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
- Finovate demo: FinovateStartup 2009
- Category: Best B2B innovation
- Innovation: Online working capital for small businesses.
- Finovate demo: FinovateEurope 2013
- Category: Best SMB innovation
- Innovation: Small business payment platform integrated with Quickbooks.
- Finovate demo: Finovate 2009
- Category: Best innovation via ACH
- Innovation: Cash flow management, accounts payable/ receivable management platform
- Finovate demo: FinovateSpring 2011
Silver - Category: Most invisible
- Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
- Finovate demo: FinovateSpring 2012
- Category: Best credit
- Innovation: Offers consumers "more time to pay" their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
- Finovate demo: FinovateSpring 2011
- Category: Best cash
- Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
- Finovate demo: FinovateSpring 2011
- Category: Best SMB innovation
- Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
- Finovate demo: FinovateSpring 2012
- Category: Best comeback
- Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
- Finovate demo: FinovateEurope 2011
Bronze - Category: Most disruptive
- Innovation: Mobile checkout service that enables one touch payments across multiple applications.
- Finovate demo: FinovateSpring 2011
- Category: Best technology
- Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today's biggest identity and personal information threats.
- Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
- Category: Best newcomer
- Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
- Finovate demo: FinovateSpring 2012
- Category: Best credit
- Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
- Finovate demo: Finovate Startup 2009
- Category: Best debit
- Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
- Finovate demo: FinovateFall 2011
- Category: Best prepaid
- Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
- Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
- Category: Best check
- Innovation: Mitek's patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the "gold standard" for mobile check deposit.
- Finovate demo: FinovateSpring 2012
- Bella Dati opens office in Singapore.
- Business solutions company Neopost USA to use Striata as its electronic document delivery partner.
- Mitek facilitates more than $40 billion in check deposits.
- GigaOM reports Braintree's recent move overseas helps double its payments volume to $8B.
- Blackhawk Network files for IPO of up to $200 million.
- miiCard 1 of 50 listed on the 2013 FinTech 50 Watchlist, a list companies in Europe that are redefining financial services.
- Kashoo to partner with InfoStreet's SkyDesktop.
- Consumers.com asks whether Klarna will become a "major player" in online payments.
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.
- MSPmentor reveals some interesting stats from PaySimple.
- U.S. Bank is first major bank in the U.S. to roll out Mitek-powered mobile photo billpay.
- Luminous considers its experience demoing BankFiling at FinovateEurope.
- New Zealand Herald reports Xero becomes billion dollar company.
- CU Times reports Fiserv integrates Popmoney P2P payment tool with its mobile banking app.
- Henri Dura to take post of CEO of GMC Software Technology.
- IBS Intelligence ranks Temenos T24 #1 in its 2013 Sales League Table.
- DeviceFidelity raises more than $470,000 in funding.
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.
- CommunityLend grows FinanceIt team.
- Cartera Commerce appoints Brian Michon as CTO.
- Mitek granted new patent for its mobile photo bill pay capabilities.
- Geezeo partners with OSG Statement Services to develop a statement option that will allow PFM data to be leveraged in eStatements and printed statements.
- GoBankingRates reviews Simple's banking service.
- American Banker reports: Maine's Katahdin Trust Company selects Fiserv's core banking platform.
- MoneyDesktop reports record year with customer growth of nearly 80% from 2011 to 2012 and a 4.5X increase in recurring monthly revenue.
- Hallmark chooses Taulia to provide e-invoicing, dynamic discounting and supplier self-services.
- FamZoo's prepaid card family pack featured in TIME.
- Torsion Mobile integrates with Dwolla's payment network.
- Dallas Business Journal reports that Device Fidelity has raised $1 million in debt financing.
- TSYS to begin processing ATM transactions through the LINK network in the UK.
- Azimo CEO Michael Kent explains the social remittance business in Pymnts.com Q&A.
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.
- TechCrunch reports Braintree's New Payments Layer Lets Users Sign Up For Apps Without Re-Entering Their Credit Card Data.
- Mitek and Allied Payment Network Expand Availability of Mobile Photo Bill Pay.
- Backbase and iQStore sign partnership agreement for Russian market.
- Xero integrates with Harvest, a time tracking and invoicing software company.
- CNBC's Squawk on the Street features BOKU.
- HID Global partners with BehavioSec to improve fraud detection system.
- Facebook integration, customer management features added to Flint mobile app.
- ACI Worldwide to buy Online Resources for more than $120 million.
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.
 BillFloat announces $21 million in new funding.
- Jack Henry & Associates launches retail and commercial lending platform.
- Compass Plus completes benchmark testing on HP servers.
- ImpulseSave releases Google Chrome e-commerce plug-in.
- Dashlane partners with Pwnedlist to enhance security alerts. Check out Dashlane's live demo at FinovateEurope next month.
- Mitek to launch Mobile Deposit Alliance, allowing participant banks to share deposit data.
- TechCrunch reports: eBay And PayPal Expect To Do $20 Billion Each In 2013 Mobile Commerce.
- El Paso Electric Company partners with TIO Networks Corp to launch EPE MobilePay.
- Dwolla introduces Guest Send to help developers building bank software make payments from one account to another.
- Bill.com wins Best Software as a Service category of the 2012-2013 Cloud Awards Program.
- Clearstream chooses Standard Chartered Bank as its clearing and settlement agent for its investments in South Africa.
- Payments.com profiles MasterCard Worldwide's initiatives in Africa.
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.
 Remote deposit capture solutions company, Cachet Financial Solutions announced today that it has partnered with mobile banking expert, Tyfone. Through this partnership, Cachet's remote deposit capture (RDC) solution, which uses Mitek's technology to format check images, will enable Tyfone to provide RDC services for its FI customers.
- The Financial Brand investigates how Mitek's bill payment service can aid customer account switching.
- ShopKeep POS partners with Griffin Technology to launch iPad POS system with a built-in magnetic card reader.
- Fiserv selects Aconite's Smart EMV Manager solution to enhance EMV card processing systems.
- LearnVest app reaches 100,000 downloads.
- SEO-Cart integrates PayLeap from Acculynk Direct, a division of Acculynk.
- Profile of Banno CEO in American Banker highlights recent partnership with ProfitStars.
- Phillip Capital signs Heckyl Technologies to integrate News and Sentiment analytic platform.
- CreditKarma, PayPal, Experian, Pageonce, and Manilla earn spots on Netbanker's top 50 iPhone and iPad finance apps.
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.
- ACI Worldwide launches ACI Money Transfer System 5.0.
- Suncorp Bank chooses FIS to manage ATM and POS transactions
- 500Friends to integrate LoyaltyPlus platform with Bazaarvoice.
- Financial Edge Community CU partners with SaveUp.
- Mitek issued new patent for "Methods for Mobile Image Capture and Processing of Documents".
- The Financial Brand checks out the "Simple" way of banking.
- The New York Times looks at SoMoLend's take on crowdfunding, seeking out institutions to serve as lenders.
- New York Times looks at Enloop's hassle free business plan writing service.
- The Telegraph highlights TransferWise as a cost-saving option for overseas money transfers.
- Luxembourg's Nordea Bank picks Temenos to standardize IT infrastructure.
- GMC Software Technology helps Gala Bingo move to "third generation" bingo tickets.
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.
- Mitek to power US Bank's mobile photo bill pay; launching early 2013.
- Fiserv reaches milestone, delivers 2 billionth e-bill.
- The Financial Brand looks at Knab's online bank that runs on Figlo's platform.
- The city of Cincinnati partners with SoMoLend to support small businesses.
- Forbes ranks Keynote Systems "one of the best 100 companies in America."
- US Airways implements MasterCard PayPass for in-flight purchases.
- Keynote Systems DeviceAnywhere now integrated with HP's QuickTest Professional.
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.
- Cortera to open new office in Boston.
- American Banker reports Mitek Plans Driver's License Authentication, Mobile Pay Software.
- The Next Web reports Braintree and LightSpeed team up to launch new payment plan for merchants.
- Finovate takes an in-depth look at Manilla's account management platform.
- Emida partners with Global Business Services and The Mint Corporation.
- The Currency Cloud raises $1.9 Million.
- The WSJ takes LearnVest for a test drive.
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.
- PayPal Starts Selling PayPal Here at AT&T Stores, Teams Up with MoneyGram.
- Finextra reports Clear2Pay and Backbase join forces on customer experience.
- Forbes looks at Dwolla's business model.
- Equifax partners with Lender Processing Services.
- CU Insight covers DigitalMailer.
- CNBC interviews Alastair Lukies, Monitise CEO and co-founder.
- Xconomy lists peerTransfer as 1 of 5 startups to watch.
- CU Broadcast chats with Mitek's Daniel Simon.
- American Banker features BankersLab's CollectionLab.
- peerTransfer First to Help Chinese International Students Pay in Renminbi.
- UPS Store launches small biz solutions portal, Kabbage to join group of service providers.
- Cognizant and Monitise form mobile money alliance to help global FIs capitalize on mobile money opportunity.
- Credit Union National Association reports: 150+ CUs sign up for Mitek mobile deposit.
- PYMNTS reports Doxo puts new spin on QR codes, mobile payments.
- PC Magazine profiles BellaDati. Come to FinovateAsia to see its live demo.
- IDTheft 911 covers more than 17.5 million households (more than 45 million individuals) and more than 600,000 businesses in U.S. and Canada.
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.
- MyBankTracker lists Mint, LearnVest, and HelloWallet as the best PFM tools. Come to FinovateFall to check out LearnVest.
- PYMNTS.com recognizes Mitek as 1 of the "most innovative" companies in payments space.
- Google Product Alum, Joe Wolf, joins FreeMonee as VP of Product.
- Payment solutions provider, Payvision, partners with Virtual Piggy. Check out Virtual Piggy at FinovateFall in NYC next month.
- Outright now integrates with Etsy Direct Checkout.
- BehavioSec selected by military research organization DARPA to provide IT security.
- Truaxis to provide ORCC with StatementRewards Loyalty Program. Check out Truaxis at FinovateFall September 12 and 13.
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.
- Acculynk and American Airlines to offer new, convenient payment option.
- How to Write a Business Plan interviews ReadyForZero CEO & Co-founder, Rod Ebrahimi.
- BankTalk explains why Kabbage is a great idea.
- Seeking Alpha reports-- Mitek: The Mobile Revolution Is Changing How We Live.
- Works interviews Lisa Halpern, Founder & CEO of Kiboo.com.
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.
- Binary Now begins accepting PayNearMe payments from customers without credit card.
- Mootwin drives BNP Paribas Group's new iPad economic news app.
- Mitek hires former Green Dot CTO, Michael Strange, as CTO.
- Fiserv appoints Dennis Lynch to Board of Directors.
- Diversinet appoints Bret Jorgensen as Chairman of the Board.
- Tradestreaming names Wall Street Survivor app of the week.
- Cachet Financial launches Merchant RDC Tablet Solution.
- Lending Club wins AlwaysOn Global 250 Award for third consecutive year.
- Wiltshire business looks at positive returns from Zopa.
- Q2ebanking opens office in Atlanta to support growth.
- 2 Minute Finance gets a demo from Portfolio Football.
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.
- Google Director, Russ Laraway, named SVP of Merchant Sales at FreeMonee.
- American Banker describes the effect of Plastyc's Kindle Fire app on underbanked consumers.
- Business Insider points out how SimpleTution & Cartera Commerce are hacking the financial system.
- IP Commerce launches app development challenge for next-gen POS app.
- Bank Technology News compares how Plastyc and Mitek use tech to serve the underbanked.
- American Banker takes an in-depth look at SimpleTuition's SmarterBank.
- Dwolla builds payment fees comparison tool.
- Cachet Financial Solutions and eDOC Innovations partner to provide mobile deposit to Credit Unions.
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.
 Mitek announced last week that $10 billion in total deposits have been made with its mobile remote deposit capture technology. Additional metrics released by the company: - Transaction volume increased 140% from July to December of 2011
- Has signed agreements with 333 financial institutions
- The largest 8 U.S. banks (by assets) use its mobile services
To learn more about Mitek, watch its FinovateFall 2011 demo.
- Bank 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.
In the last demo before lunch, Mitek Systems discussed how its mobile imaging technology can be used to create alternative financial services for the growing population of underbanked Americans.
It demonstrated a mobile alternative to check-cashing stores that uses its mobile deposit technology, the same technology that powers mobile deposit solutions for the top 8 retail banks and more than 250 other financial institutions.
This new capability will enable the underbanked population to take photos of the front and back of checks and load the funds directly onto a prepaid card. This innovative approach can free unbanked individuals from the confines and sometimes predatory practices of check-cashing facilities.
HQ Location: San Diego, CA Company Founded: 1986
Introducing Jim DeBello (President & CEO) and Simy Pearson (Account Manager)
 We recently looked back at Finovate's Best of Show Awards archives and wanted to share the list of the 41 award-winning companies. Here's the Best of Show history that stretches back to 2007, the inception of Finovate:
Held October 2, 2007
Mint: Online PFM for individuals
Held April 29, 2008
First ROI (now BancVue): Develops products and services for community financial institutions
Jwaala: Provides software solutions to help financial institutions compete
Zecco: Online stock and options trading
Zopa: P2P lending network
Held October 14, 2008
Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile
Mint: Online PFM for individuals
Neosaej's MoneyAisle: Platform where banks compete in live auctions for an individual consumer's business
Held April 28, 2009
BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills
SimpliFi: A web service that allows anyone to create and update their own financial plan
Held September 29, 2009
BancVue's Kasasa: national checking/ savings account brand for community financial institutions
Credit.com: Provides free interactive tools, education, and unbiased comparisons of quality financial products and services
Yodlee: Provides personalized financial solutions to financial institutions
Held May 11, 2010
Expensify: Online and mobile expense report platform
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
Wikinvest: A platform for investors to share trading tips
Held October 4-5, 2010
Betterment: Investment account for savings management
BillShrink (now Truaxis): Loyalty rewards provider
Bundle: Provides socially informed money management for individuals
Dynamics: Produces and manufactures intelligent powered cards
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
PayNearMe: Cash transaction network for the underbanked
SecureKey: Token-based authentication technology
Held February 1, 2011
eToro: Social investment network
Finantix: Provides sales and advice solutions for financial services
Meniga: Online PFM for financial institutions
Held May 10-11, 2011
BancVue: Develops products and services for community financial institutions
BankOns: Mobile app offering consumers real-time savings at local merchants
Dwolla: Online, mobile, and social peer-to-peer payment platform
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via their devices' cameras
PayNearMe: Cash transaction network for the underbanked
Wikinvest: A platform for investors to share trading tips
Held September 20-21, 2011
BillGuard: People-powered antivirus for bills
Dynamics: produces and manufactures intelligent powered cards
eToro: Social investment network
FamZoo: Online "virtual family Bank"
FeeFighters: Platform that simplifies the process of choosing a merchant account provider
oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
Personal Capital: Online financial advisor helping people manage their investments
Held February 2, 2011
Dynamics: produces and manufactures intelligent powered cards
eToro: Social investment network
Nutmeg: Online investment manager that democratizes saving and investing
- Lodo chosen by 120 banks and CUs.
- Betterment lowers fees, introduces new features.
- WorldPay offers BOKU as mobile payment method to its merchant network.
- Insurance Journal features Mitek's Mobile Photo Quoting app for insurance.
- Credit Sesame launches mortgage comparison tool.
This post will be updated throughout the day as news and developments emerge. You
Today, Mitek Systems announced a partnership with Progressive Insurance, who will use Mitek's Mobile Photo Quoting technology to automate insurance purchases: "Using the Progressive mobile application... the consumer simply enters their zip code and takes a picture of their driver's license, Vehicle Identification Number or existing insurance ID card. Mitek's patented mobile imaging technology automatically extracts relevant information from the documents and auto-populates the fields in Progressive's mobile quoting app... Moments later, they receive an auto insurance quote with the option to buy."
Mitek also has Photo Payment, Photo Claims, and Document Capture and Send technology included in its insurance solutions suite. To learn more about Mitek, watch its FinovateFall 2011 demo.
Mobile imaging company Mitek announced Monday that E*Trade will join Charles Schwab in providing remote check deposit technology to brokerage customers. It will be available on the iPhone next month and on the Android in early 2012. Mitek notes the benefit for E*Trade clients: "The move by E*Trade, a New York-based online brokerage, is especially notable because customers currently have to mail a check or use direct deposit or transfer or wire money from an alternative account."
E*Trade is hoping the added convenience will keep clients more engaged with its trading platform. To learn more about Mitek, watch its FinovateFall 2011 demo.
- Fox Business News interviews SmartCredit.com's John Ulzheimer.
- TechCrunch reports PayPal's cyber Monday mobile payment volume is up over 500% from last year.
- Bank Technology News profiles ActivePath.
- Samurai from FeeFighters is now incorporated into Shopify in beta.
- eRollover.com changes its name to FIPath.com.
- Discover placed on 2011 InformationWeek 500 list that honors America's most innovative users of business technology.
- Bank Technology News profiles Cardlytics.
- E*Trade to use Mitek's remote check deposit technology.
- Silicon India Startup lists SimpliFI as a tech tool to track investments.
- Mitek updates its Remote Deposit Capture product to improve UX and performance.
- CNBC reports CashStar fuels eCommerce this season with personalized eGift cards.
- StockTwits adds real time streams to The Street's ticker pages.
- Prosper launches '$5,000 Shop on Us' sweepstakes.
- QVC selects CashStar to power its new eGift Card program.
- The Next Web refers to HelloWallet as a "brilliant" personal finance tool.
- MyCyberTwin wins 2011 New South Wales Australian Technology Showcase Rising Star Award.
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.
Mitek Systems, whose fiscal year ends in September, recently released its year-end earnings and client numbers, along with a hint towards a strategy move. - Earned $10.3 million in revenue in the 2011 fiscal year. This is double its $5.1 million 2010 revenue.
- Increased revenue by $1.4 million from Q4 2010 ($1.6 million) to Q4 2011 ($3.0 million)
- Reported that the number of signed financial institutions sprang from 80 to 161 in the final quarter of 2011. This doubles its customer base, which includes 7 of the top 10 U.S. Banks.
- Acted on its plan to enter the insurance vertical market by signing Progressive as a customer.
- Announced that an unnamed, tier 1 bank will introduce Mitek's Photo Bill Pay product to its customers in the near future
Mitek's customer base includes: Charles Schwab
- Experienced 40% mobile deposit adoption in 6 months
- This is Mitek's first step into the insurance vertical worldIntuit
- Launched Mitek's Mobile Deposit in September 2011Wells Fargo
- Available only to commercial customersJPMorgan Chase
- Available to both private and commercial customers.
- FiPath (formerly eRollover) launches FiPath for Advisors, online marketing solution for advisor leads.
- TSYS signs largest private bank in Azerbaijan.
- MShift to power AmeriCU's mobile banking platform.
- StockTwits & Gnip partner to cater to traders.
- StockTwits goes International with its real-time financial platform.
- Mitek doubles clients, plans to enter insurance vertical.
- PayPal relaunches Facebook app for friend-to-friend payments.
- Expensify launches lite iPhone app for mileage support.
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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