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Alumni News-- July 25, 2014

  • Finovate-F-Logo.jpgFox Business News features Kabbage's small business lending process.
  • Huffington Post describes how DemystData's big data analytics help evaluate creditworthiness.
  • Cartera Commerce's CFO Karen Cambray named a finalist in Boston Business Journal's 2014 CFO of the Year Awards.
  • Bloomberg: BillGuard programmers code in bomb shelters.
  • Coinbase launches Coinbase Vault to Better Secure Your Bitcoins.
  • MoneyDesktop appoints Brandon Dewitt as its first ever CTO.
  • SecondMarket CEO Barry Silbert stepping down in order to refocus his attention solely on bitcoin.
  • InvestmentNews features roboadvisors Jemstep, FutureAdvisor, Wealthfront, and Personal Capital.
  • The Irish Times looks at Holvi's move into Ireland.
  • CMS Wire: Actiance wants to help companies curb social media mistakes.
  • Karen Webster of Market Platform Dynamics interviews Zooz CEO Oren Levy.
  • eToro announces new version of OpenBook for iOS.
  • Mobile Entertainment talks with Adam Levene, SVP of Strategy at Monitise Create.
  • LendingTree launches personalization platform.
  • Pymnts takes a look at the partnership between Malauzai Software and Trusteer. See Malauzai at FinovateFall in September.
  • Fortune.com interviews Bill Siegel, interim CEO of SecondMarket.
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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Congratulations to four Finovate alums that took home top honors at the Mobile Innovations Awards.

MobInn_mag_27June.indd
The Mobile Innovations Awards "pay tribute to those pushing the boundaries of what is possible using a mobile device." Focused on innovation in the EMEA (Europe, Middle East, and Africa) region, the awards are designed to help companies raise their profile in the area, as well as network with peers and potential partners.

A total of 21 awards were given: 18 mobile categories and three "special recognition awards". More about the award categories here.

The Mobile Innovations Awards is organized by the founders of The Card & Payment Awards and The Loyalty Awards. Finovate alum TSYS was a prime sponsor, and Monitise Create, another alum, was a category sponsor.

The Mobile Innovations Awards of 2015 will make its Call for Entries on November 1, with an entry deadline of February 28, 2015. EMEA-area businesses with live products or services in 2013 are eligible to apply.

See the most recent demo videos from our award-winning alums below:

Arxan Technologies (FinovateEurope 2014)
Top Image Systems (FinovateEurope 2014)

Alumni News-- July 21, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgACI Worldwide announces plans to acquire fraud prevention specialist, Retail Decisions (ReD).
  • Monitise and IBM formalize multi-year partnership to enable broader mobile banking and e-commerce technology adoption.
  • Standard Bank to be first southern African FI to offer MasterPass from MasterCard.
  • American Banker covers how Dwolla payment network enables Google Glass payment technology.
  • PBS Newshour considers how HelloWallet helps users meet their financial goals.
  • InfoWorld: Ping Identity wants to replace sign-ons with smartphones.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.


Alumni News-- June 30, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBBVA announces partnership with Visa to bring host card emulation (HCE) functionality for contactless payments for its Wallet app.
  • Teachers Federal Credit Union ($4.9 billion in assets) to deploy Fiserv DNA platform.
  • Monitise on the Move: Helping Banks Enable Commerce.
  • Lending Club moves closer toward an initial public offering.
  • ID.me's partnership with Overstock.com to add first responders.
  • Millionaire Corner features Nutmeg and FutureAdvisor as examples of "productive and easy" online investing.
  • Free Enterprise interviews Betterment CEO Jon Stein.
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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How does a technology company like Monitise help banks and financial institutions provide more value for their customers?

I spoke with Marc Winitz, SVP for marketing at Monitise, during a break at the Digital Banking Summit in Los Angeles earlier this month. And the answers he provided told me a great deal about where banks - and banking technology - are likely headed in the years to come.

Marc_Winitz_MonitiseSVP
Much of the current focus, he said, is on payments. The problem is that the payments business is pretty well-established. What banks and FIs should consider instead is how to add value at the "discovery" part of the transaction rather than at the "settlement" part of the transaction. In other words, being a significant factor at the beginning of the process rather than at the end.

The Peri mobile shopping app that Monitise developed and is being piloted by U.S. Bancorp is an excellent example of bringing banking and e-commerce closer together. Peri works by accessing the digital signatures embedded inside a growing amount of media - from television advertisements to print copy. With the Peri app, consumers can essentially recreate the online shopping experience while watching a TV commercial or reading an ad in a magazine. 

Peri_Monitise_app
When the app reads the digital signature of the item of interest, the item appears in the app. The actual purchase is quick and efficient since the consumer's purchasing information (name, address, credit card number, etc.) is already on file at the bank.

The technology is likely to be white-labeled and made available to companies and brands. Importantly, however, it is an example of the kind of technology that helps put banks at the forefront of an area - ecommerce - that has more or less left traditional banking behind.

What's interesting about this approach is how it serves both the retailer's interest in minimizing the "discovery" period (i.e., less "shopping" and more "buying"), as well as the bank or financial institution's interest in being a bigger part of the e-commerce experience.

And as far as Marc is concerned, banking apps like these are an important way to go. "They feature a front-screen engagement opportunity," he explained. "They yield personal insights (into consumer behavior), and have a funding source/transaction/wallet component."

Monitse Metrics
  • Founded in 2003
  • Provides services to more than 350 financial institutions and brands worldwide
  • Has 28 million users and strategic partnerships
  • Processes 3.4 billion mobile transactions a year valued at $71 billion
  • Operates in the UK, the United States, India, Hong Kong, and Indonesia
  • Trades on the London Stock Exchange (LSE: MONI)
  • Led by co-CEOs Alastair Lukies (Monitise plc) and Elizabeth Buse (Monitise Group)
But there is a big question as to whether banks are situated in the right position to do what needs to be done to reinvigorate the industry. On the one hand, banks continue to earn a great deal of trust from their customers. This gives banks both the credibility and the "room to fail" that is critical when embarking upon new initiatives and ventures.
Monitise_homepage_mobileapp
On the other hand, the challenge is that banks are no longer simply measured by their own performance vis-a-vis other banks. It's not just the rise of non-bank actors, significant as that is. The move toward an omni-channel experience provides a whole new way for consumer experience to be judged (and for those judgements to be shared via social media). So now a consumer's "banking experience" ends up being compared to a consumer's "Amazon shopping experience" or a consumer's "Apple Store shopping experience." And if that doesn't seem like a tall order for the average bank, then you are fortunate to be a customer of a far more, forward-looking bank than the rest of us.

According to Marc, banks need to first re-imagine how they do business, then see what technology is necessary in order to provide that business via a compelling user interface and experience. And the fact of the matter is that for many banks, choosing a technology partner is the most efficient way to make that happen. 

Marc pointed out that mobile banking started with many banks, probably too many, thinking they could do it all by themselves. "Banks should do what they do best," he said. "Don't try and pick a gift card company. Let us do it." 

Monitise Milestones (2014)
  • Acquired Markco Media for up to £55 million ($93.5 million)
  • Launched mobile app design arm, Monitise Create, in North America
  • Added former Visa executive Elizabeth Buse as co-CEO
  • Announced mobile banking platform deployment by Desert Schools FCU
  • Offered mobile alerting software as standalone product
  • Acquired Pozitron in all-share deal worth $100 million
Who gets it? The largest banks, the top 20 Marc said, are making the right moves. "They've got all the money in the world to spend." It's the next tier of banks and FIs that have the greater challenge. This includes institutions like Desert Schools Federal Credit Union, the largest credit union in Arizona ($3 billion in assets; 320,000 members), that recently adopted Monitise's Vantage 5.1 platform this spring

The ability to conduct modular upgrades on the platform, Marc said, prevents a strain on budgets and IT resources. And this is a good thing not just for the bottom line of these mid-tier banks, but for the teamwork necessary to make mobile transitions work. "The whole team must be involved when it comes to something like mobile," Marc said.

Alumni News-- June 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNutmeg raises $32 million from new investors.
  • Bank of Southside Virginia (BSV) to provide Banno mobile app courtesy of Jack Henry & Associates.
  • Chicago Tribune's Blue Sky Innovation takes a look at the Technori Pitch event that featured Rippleshot.
  • DNAinfo Chicago looks at how Bolstr can now hit up investors for larger loans.
  • Monitise acquires Markco Media for up to £55M ($93.5 mil).
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.
Digital_Banking_Summit_podium

After three days at SourceMedia's Digital Banking Summit, one thing is clear: mobile technology ensures that consumers will compare the "banking experience" to every other experience available via the mobile channel. 

That includes everything from retail shopping to interactive game-playing and messaging to watching streaming entertainment.

And that's just how it begins, to borrow the metaphor from the conference's Digital Banker of the Year, Niti Badarinath of U.S. Bancorp. In fact, the experience of interacting with your bank increasingly will be compared to the experience of interacting via the best of social media, the best of online shopping, the best brick and mortar retail, and so on. This is coming whether or not banks are ready for it or not.

In other words, buying products and services from a bank will need to be as easy as catching a ride from Uber. Payments as efficient as PayPal. Customer service like Amazon.com's Mayday. Branches like Apple Stores ...

Much of what I heard that seemed most worth hearing echoed these ideas. I heard it in a poolside briefing with Marc Winitz of Monitise, who talked about the expanding opportunities for banks in e-commerce (stay tuned for more on that conversation). I heard it from Niti, who spoke from the stage about how non-banks like Apple and Google are driving consumer expectations higher.

Seen this way, the "channel" debate takes on an even bigger, meta-context. In the same way that consumers choose and switch between mobile, desktop, and tablet channels (and typically in that order over the course of the day, I learned at the conference), so to are banks likely to become just another channel for payments, e-commerce, authentication, and more. And therein lies the challenge and opportunity.
Digital_Banking_Summit_stageshot
Will financial institutions leverage the fact that they remain, years after the financial crisis, highly trusted? And, at least from a financial data perspective, nobody knows us better. After all, who is more capable of providing a personalized purchasing, saving, shopping, budgeting, investing, insuring experience than your bank?

It's clear that fintech innovators are on the case. One presentation, "My Digital Banking Nirvana" by Jim Marous, listed some 30 different ways that companies getting it right when it comes to providing a "simpler, engaging, and contextual" experience.

And we're not just talking about payments - which one speaker called the "lowest value-add" in a digital wallet . Will banks begin to see at least a part of what they could do best as a form of "digital marketing"? One speaker used the phrase "a buyer's club" on the consumer's behalf when thinking about a potential direction for banks. A role that put banks at the center of a whole life of financial activity from retail shopping and family budgeting to saving for college and preparing for retirement.

About Those Banks
U.S. Bancorp was among the better represented financial institutions at the conference. And that was not just because one of the company's executives walked away with the Digital Banker of the Year award (though it helps). From their work with the e-commerce Peri app to their innovations in "photobanking," U.S. Bancorp is providing both a strategic template ("place small bets / fail fast / learn quickly") as well as a suite of products and services geared toward consumers emerging mobile preferences.

Wells Fargo provided interesting contributions in a number of different areas, ranging from a conversation on omni-channel integration to a panel discussion on the relationship between fintech and wearable technology. Wells Fargo's Brett Pitts highlighted the importance of combining channel use with transaction type in order to better understand what he called "customer intensity." This concept, he said, was the "lever for growth" for banks. But it means that banks must commit to the providing as wide a range of channel options as possible. Brett noted that customers that took advantage of three channels, for example, the branch, the phone and digital, were almost twice as likely as digital only customers to make a purchase decision, and almost 50% more likely than branch only customers.

Also noteworthy was the panel discussion on "Fueling the Financial Revolution" by representatives of BBVA Ventures, Q2, Lending Club, and GreenDot. Here the focus was on cost containment, a willingness to start "from scratch", and a focus on doing what banks were not or could not do (the "$14,000 unsecured consumer loan" in the words of Lending Club's Jeff Bogan.)

That's not to say the world of alternative lending is all nimbleness and brand new technology - two factors cited by Q2's Matt Flake as helping provide an edge for new upstarts. The challenge of finding top notch talent outside of a few regional hotbeds like the Bay Area can be especially acute for startups. And there is the ever-present issue of incumbent players, incumbent technology, and incumbent ways of thinking. Said Jeff, "The value of banks in a community is about more than just lending. But can banks partner with technology providers who can give (them) what (they) need? Will banks take the risk?"

Finovate Alums in Attendance
In addition to some of those mentioned above, there were more than a handful of Finovate alums exihibiting at the conference, holding court at busy booths in the networking area. Present and accounted for were:
  • FIS
  • Fiserv
  • GMC Software Technology
  • Kofax
  • MicroStrategy
  • LeadFusion
  • Monitise
  • Waspit

Alumni News-- June 12, 2014

  • Finovate-F-Logo.jpgAmerican Banker: Monitise launches Monitise Create, its mobile app design arm, in North America.
  • Zopa has now funded over 100k loans for UK borrowers. Its 52k active lenders have made 27.9 million loans since 2005.
  • ID Analytics to enhance products by incorporating Mattersight's speech and behavioral analytics technology.
  • First Financial Bank to use Q2's digital banking platform to connect local businesses to bank clients.
  • peerTransfer now supports currencies from over 95 countries at more than 475 institutions across the US, Europe, Canada, and Australia.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- June 11, 2014

  • Finovate-F-Logo.jpgAmerican Banker looks at how BizEquity helps banks lend to small businesses.
  • Coinbase and Expedia.com partner to accept bitcoin for hotel payments.
  • Bank Innovation features TipRanks as 1 of 4 Israeli fintech companies tackling security and data issues.
  • The Currency Cloud Passes $5 Billion in International Payments Enabled in Two Years.
  • Market IQ wins spot in Barclays Escalator, a new, 15-week accelerator programme.
  • Monitise announces North American debut of Monitise Create, a mobile suite of innovation, design, and development 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.
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Mobile money innovator Monitise (Finovate 2007) has announced that Elizabeth Buse will join the company as co-CEO.

Elizabeth Buse will bring more than 15 years of payments experience from her time at Visa, where she was last Executive Vice President of Solutions. Elizabeth is no stranger to Monitise, having served on the company's board of directors from July 2010 to October 2012.

Elizabeth Buse - World Economic Forum on Afric...

Elizabeth Buse - World Economic Forum on Africa 2012 (Photo credit: World Economic Forum)

Elizabeth's primary responsibilities at Monitise will involve day-to-day operations of the company, particularly marketing, product, sales, and technology. Working alongside Elizabeth, company founder Alastair Lukies will serve as co-CEO, with an emphasis on industry partnership building and corporate development.

Monitise specializes in technology that helps financial institutions deploy mobile banking, mobile payments, and other services. Founded in 2003 and headquartered in London, Monitise currently serves more than 350 financial institutions and brands around the world. The company processes more than 3.4 billion mobile transactions a year, valued at more than $70 billion.

Named one of the top three most innovative companies in the world by Forbes, Monitise has operations in the United Kingdom, the United States, India, Hong Kong, and Indonesia.

Alumni News-- June 5, 2014

  • Finovate-F-Logo.jpgNetbanker looks at the effect Apple's TouchID will have on fintech companies, including Mint and CardFlight.
  • ValidSoft featured in Speech and Voice Recognition White Paper and recognized as a global leaders in voice biometrics.
  • Bolstr co-founders Larry Baker and Charlie Tribbett named to Techweek 100.
  • Arroweye Solutions partners with Caledonian Global Financial Services to provide digital on-demand debit card production.
  • Former Visa executive Elizabeth Buse joins Monitise as co-CEO.
  • New $4 Million Investment for fastacash to help drive growth, product development.
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-- June 2, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTop Image Systems partners with K2 to blend capture and mobile imaging technology with BPM.
  • On Deck reports $3.4 billion, $22K job impact on economy courtesy of its small business lending platform.
  • Eurasian Bank to deploy mobile banking technology developed by Monitise Create.
  • MasterCard launches MasterPass in Singapore.
  • Forbes features Xero, looks at why it will keep growing.
  • Finextra considers how The FCA plans to foster UK fintech innovation companies like Monitise, TransferWise, and Nutmeg
  • Apple opens TouchID to third parties, shows TouchID login example using Mint app in iOS 8 demo.

  • Dashlane reaches two million users milestone.

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, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPing Identity announces partnership with Courion.
  • Desert Schools FCU to deploy mobile banking platform from Monitise.
  • Blue Cross and Blue Shield of Kansas City to use virtual agent technology from IntelliResponse to respond to Affordable Care Act queries. See IntelliResponse demo at FinovateSpring in April.
  • ID Analytics launches new versions of its Transaction Protector and Transaction Advanced Intelligence products for eCommerce.
  • Upstart Business Journal looks at how Kathryn Petralia and Kabbage are rewriting the lending rules.
  • BlinkMobile Interactive signs first NZ Council deal.
  • Southern Alpha calls iQuantifi "a budget platform we actually like to use."
  • Payment Source features Jason Richelson, founder of ShopKeep POS.
  • Bill Harris, Personal Capital CEO & former PayPal CEO discusses the future of PayPal on Bloomberg TV. See Harris demo Personal Capital's latest development at FinovateSpring next month.
  • TradeKing earns four-stars in Barron's online broker rankings for eighth consecutive year.
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.jpgLighter Capital provides $1 million in growth funding to 3 tech startups.
  • Check Point collaborates with VMware to provide network security for the private cloud.
  • Monitise now offers mobile alerting software as a standalone product.
  • Moven launches its mobile-first bank to public.
  • ClickZ features Actiance's compliance specialist, Joanna Belbey.
  • SafetyPay and GlobalShopex partner to provide a secure international shipping solution for U.S. ecommerce sites.
  • MacWorld Business lists Kashoo and Xero among their favorite online business accounting apps.
  • Wells Fargo reversal on P2P loan ban for staff is good news for companies like Lending Club and Prosper.
  • Kansas City Star features local biometric security startup, EyeVerify.
  • TradeHero launches Android version of their stock market simulation app.
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--February 3, 2014

  • Thumbnail image for Finovate-F-Logo.jpgMonitise acquires Pozitron in all share deal worth $100 million.
  • TSYS announces two new board members: William M. Isaac and Connie D. McDaniel.
  • Washington Post features HelloWallet's principal scientist.
  • Spend Matters interviews Taulia's Chief Product Officer.
  • Arctic Startup: Holvi lets startups compare their finances to Apple's first year.
  • FinanceIt's Casper Wong nominated for Inc Magazine's 30 Under 30.
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.jpgAmerican Banker reports: Cardlytics Announces First U.K. Bank Customer. Come watch Cardlytics' live demo at FinovateFall in NYC next week.
  • IBM partners with Monitise to provide software, technology services and consulting to improve Monitise's core services.
  • NPR's Tell Me More mentions ImpulseSave, Mint, and Manilla as 3 apps to help manage your money.
  • TSYS signs long-term payment processing agreement with Anovia Payments, LLC.
  • Check (formerly Pageonce) secures $24 million in Series C financing round.
  • Information Week highlights Credit Sesame and Kabbage in column on social media and credit worthiness.
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-- August 19, 2013

  • FinovateLOGO.jpgPersint among four new startups entering incubation phase of Yodlee Interactive Partner Lifecycle Program, NEXT.
  • Virtual Piggy to provide payment system to video game publisher Marvelous USA.
  • TSYS announces integration with FICO fraud management technology.
  • Monitise SVP of Strategy Richard Johnson talks about "making money mobile" at the Wired Money conference.
  • StockSmart joins Yodlee Interactive's NEXT program for nurturing fintech startups. See StockSmart demo at FinovateFall in New York.
  • Fidor Bank customers to get access to social trading platform ayondo.
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.
  • FinovateLOGO.jpgACI Worldwide announces latest version of ACI Acquirer, the company's multi-currency merchants management system.
  • Mitek wins patent for its technology that lets customers transfer credit card balance using their mobile device.
  • BBVA Ventures investment helps SumUp plan for South American expansion.
  • GoBank's mobile-first bank accounts now available through Rite Aid.
  • Monitise VP of mPOS Tim Corke talks mobile point-of-sale in video interview with Finextra.
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-- July 5, 2013

  • FinovateLOGO.jpgInvestment News' "In Tech" column features Jared Broad, co-founder and CEO of QuantConnect.
  • Crowdfundinsider reports on SeedInvest's new feature: SeedInvest Groups.
  • Bamboo Innovator takes a look at "do-it-yourself" hedge fund site, Quantopian.
  • Monitise wins Cross-Border Deal of the Year award for acquisition of Clairmail.
  • CommunityLend launches FinanceIt iPad app for consumer financing in store or on the road.
  • Zopa CEO Giles Andrews urges banks to keep customers in mind in address at Wired Money.
  • Temenos unveils solution to make it easier for banks to integrate new technology.
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.jpgLending Club's platform has originated $2 billion in total personal loans, $158 million of loans in June alone.
  • HSBC Bank Oman launches SecureKey for internet banking and upgrades mobile banking app.
  • Adidas to accept SafetyPay for online payments across Latin America.
  • Iowa government will soon accept Dwolla as payment for property and vehicle taxes.
  • The American Bankers Association endorses the card-linked offer technology powered by Linkable Networks.
  • The Next Web reports: Virtual stock market game startup TradeHero aims for $5m funding and 1m users by year-end.
  • Monitise and Telefonica enter mobile money partnership.
  • The Globe and Mail looks at On Deck Capital, Lending Club, and CommunityLend's FinanceIt as alternative financing.
  • Money Insider column in The Independent features Azimo.
  • Pymnts.com interviews TSYS Director of Acquiring Solutions Product Management, Tedd Huff on payment processing.
  • OpenCoin launches Bitcoin Bridge, an e-commerce enabler for Ripple.
  • CEOCFO Magazine interviews Blaze Mobile CEO Michelle Fisher.
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.jpgWalmart names InComm supplier of the year.
  • Crawford Technologies announces new partnership with Striata.
  • American Banker reports: Q2ebanking to Resell Andera Software.
  • Banno names Ben Metz as CTO.
  • Receivable Exchange closes $10M funding round led by current investors.
  • GoBank goes live, mobile banking app available on iOS.
  • Newfination interviews Sasha Orloff, CEO of LendUp.
  • IntelliResponse adds VOICES to virtual agent technology.
  • Lloyds Bank partners with Monitise to develop a suite of mobile card acceptance solutions for micro-merchants, start-ups and small business owners.
  • LICUOS wins Innotribe Startup Disrupt competition at Next Bank Madrid.
  • Realty Mogul tops $2 million raised one month after reaching $1 million raised mark.
  • Finect advises FIs not to panic when it comes to spot checks from FINRA.
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 15, 2013

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  • INTJ Capital compares and contrasts Quantopian and QuantConnect. Join Quantopian in San Francisco for FinovateSpring.
  • MicroStrategy launches mobile app Usher, e-wallet for digital I.Ds, keys. See them demo at FinovateSpring in May.
  • Paybefore takes a look at the TSYS's acquisition of NetSpend and ponders "prepaid's end game."
  • Monitise Group Strategy Director Richard Johnson talks about trends in mobile money.
  • BancVue chooses MicroStrategy platform for business analytics.
  • CPA Practice Advisor takes a look at the new, updated iPad app from Kashoo.
  • This is Money blog looks at Zopa's growth.
  • Yodlee awarded 50th patent for financial gadgets.
  • SoMoLend travels nationwide to teach small businesses & investors about crowdfunding.
  • Austin Business Journal considers BancVue's inverted sales pitch.
  • Newfination hosts SoMoLend CEO, Candace Klein, who explains how the platform's  crowdfunding capability.
  • Intelligent HQ interviews The Currency Cloud's CEO, Michael Laven.
  • Pando Daily profiles crowdfunding pioneers like SeedInvest and SoMoLend. Join SeedInvest in May for FinovateSpring.
  • The Next Web interviews TipRanks's CEO and co-founder Uri Gruenbaun.
  • Chevron teams up with WattzOn to launch The Capacity Project for sustainable growth.
  • Refundo launches free iPhone app. Check out Refundo's live 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.
  • Finovate-F-Logo.jpgKabbage brings in $75 million in debt financing.
  • Finextra reports: eToro launches social alerts app.
  • PaymentEye features Virtual Piggy. Come see its live demo at FinovateSpring next month. http://bit.ly/Zaunjl
  • Business Solutions speaks with Jason Richelson, ShopKeep POS CEO, who debunks the myth that cloud POS fails when the internet shuts down. 
  • TechCrunch TV interviews Nick Hungerford, Nutmeg CEO on how he aims to disrupt the financial investment world.
  • Verity CU features FamZoo, makes it available to members. Come see FamZoo's latest development at FinovateSpring.
  • Kashoo releases new version of iPad app.
  • Monitise Executive Vice President Lisa Stanton interviewed by Bdaily.
  • Jack Henry & Associates's Symitar platform to be deployed by Kitsap Credit Union.
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.jpgTech Dirt looks at Narrative Science's role in algorithmically-generated journalism. Come See Narrative Science at FinovateSpring.
  • Bdaily talks with Monitise EVP, Lisa Stanton, about mobile banking.
  • Numerica Credit Union adopts BBC Easy's C&I Lending program.
  • CU Times reports Fiserv's Spot Pay offers CUs a co-branded mobile payment platform and dongle.
  • Forbes looks at the growth of edo, Cardlytics, and Cartera Commerce and how card-linked offers are better than daily deals.
  • TechCruch reports OpenCoin has acquired SimpleHoney. See OpenCoin demo at FinovateSpring in May.
  • ProfitStars launches BillSimple from iPaySolutions.
  • TSYS to present at annual card forum and expo in April.
  • IntelliResponse adds 155th customer, the company's first credit union.
  • Convenience Store Decisions notes the growing role of mobile payment options such as PayPal and Flint Mobile.
  • FIS, Open Solutions veteran Gary Daniel to join Allied Payment Network. Join them in San Francisco for FinovateSpring.
  • Banking Technology looks at eWise, Pageonce, Mint.com, Kiboo, Holvi, & Moven as PFM resurgence examples.
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.

  • Forbes places Dwolla CEO, Ben Milne, on the 2013 Disruptors list.
  • Lifehacker reviews Credit Karma for Android.
  • TIBCO Software partners with Aditi Tech to bolster enterprise social, e-commerce solutions.
  • Outright's 300,000 users surpass 2 billion transactions.
  • Bank Innovation reports: Capital Access Network's Online Lending Platform, CapTap, Coming to Tablet Soon.
  • Waspit wins second place award in PYMNTS.com Innovation Project's Best in Show.
  • Monitise CMO Carl Tsukahara interviewed by David Murphy in Mobile Marketing.
  • SeedInvest is among the crowdfunding innovators featured in crowdfundattny blog.
  • Pymnts.com interviews Mark Miles of CSI globalVCard on the business of B2B payments.
  • E&S Consulting blog takes a look at the evolution of Green Dot's GoBank. Be sure to catch Green Dot at FinovateSpring in May.
  • Better ATM Services wins 2013 Paybefore Award for Visa prepaid gift card program.
  • PC Mag's SecurityWatch features EyeVerify and its solution to the problem with passwords.  EyeVerify will be demoing their authentication technology at the upcoming FinovateSpring event in San Francisco.
  • Programmable Web takes a look at recently published APIs including one from OneID. Join OneID this May in San Francisco for 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.
  • Finovate-F-Logo.jpgTIO Networks launches mobile payment app for Mobilicity.
  • PayPal signs on to the ePayments Code released by the Australian Securities and Investment Commission (ASIC code, which replaces EFT code).
  • CNN Money reviews Mint and HelloWallet side-by-side.
  • CNN Money names BillShrink as best app to manage your money.
  • Flint Mobile announces partnership with NXGEN subsidiary Fidano to support mobile payment adoption.
  • Through partnership with Luminous, Nihilent to sell Luminous' solutions in India.
  • IDentity Theft 911 expands service partnership with VyStar Credit Union.
  • Cofounder of TransferWise, Taavet Hinrikus writes in the Wall Street Journal about the importance of team-building for successful CEOs.
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-- February 27, 2013

  • Thumbnail image for Finovate-F-Logo.jpgappPicker reviews Pageonce - Money & Bills app.
  • BrightScope announces top finance, insurance companies with the best 401(k) plans.
  • Device Fidelity announces Incipio partnership, new line of NFC enabled cases for iPhone.
  • NerdWallet interviews Bolstr co-founders, Larry Baker and Charlie Tribbett.
  • The Monitise-powered mobile wallet from Blackberry, BBM Money, launches pilot in Indonesia.
  • Cortera Pulse wins Gold Stevie Award for new version of business intelligence solution.
  • Lighter Capital appoints Molly Greg as VP.
  • SaveUp's CEO & Co-founder Priya Haji awarded a Social Innovation Leadership Award by the World CSR Congress.
  • US News Money looks at LearnVest, FutureAdvisor, and Personal Capital.
  • Forbes speaks with Actiance CEO to learn how Socialite helps companies overcome challenges using social media.
  • Prepaid Resources adds FraudGuard security services to their BenefitsDirect Direct Deposit management solution.
  • MasterCard wins Mobile Money Innovation award at the GSMA World Congress in Barcelona, along with partners Etisalat and Oberthur Technologies.
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-- February 26, 2013

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  • TSYS reaches long-term deal with MLS Direct Network.
  • ProfitStars launches Gladiator Managed IT Services.
  • Expensify now available for BlackBerry 10 and the BlackBerry PlayBook.
  • Bank Innovation reports: New Banno President Charles E. Potts says Grip Will Triple User Base in 2013.
  • MyBankTracker lists Expensify as 1 of 3 finance apps that is way better than Mint.
  • ThreatMetrix introduces Behavioral Analysis in the ThreatMetrix Cybercrime Defender Platform.
  • Monitise triples value of payments and transfers over its technology platform from $10bn to $31bn.
  • Segodnya.ua features Liqpay in its review of the advantages and disadvantages of electronic money.
  • Coast Capital Savings Credit Union in Canada to deploy Temenos T24 core banking app.
  • Pockets United among the startups presenting at TechCrunch Mobile Barcelona this week.
  • Xconomy's "Innovations in Financial Technology" features TradeKing.
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.

Finovate Alumni News-- January 23, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTemenos wins praise as "top advisor solution" from Aite Group.  Come see their demo at FinovateEurope in February!
  • Pageonce reaches $1 million mark in daily mobile bill payments processed.
  • A look at TradeKing after the merger.
  • ACI Worldwide's Money Transfer System helps FIs with Dodd-Frank compliance.
  • EZBOB forms partnership with ChannelGrabber.  Watch EZBOB in action at FinovateEurope!
  • Monitise and CGI Logica form mobile FS alliance to target European retail banks.
  • Tradeshift partners with Intuit to bring its social invoicing platform to more than 5m QuickBooks users.
  • American Banker reports: Fiserv extends relationship with BofA. Come to FinovateEurope in London to see its live demo.
  • CNBC talks with Alexa Von Tobel, LearnVest CEO.
  • Bill.com and Expensify announce product integration.
  • GrowthBusiness profiles Holvi. Comes see Holvi's new tech at FinovateEurope next month.
  • Fast Company reports you can now pay taxes in Iowa using Dwolla.
  • SimpleTuition reports 2012 success metrics for SmarterBucks program.
  • DemystData a finalist in AWS Global Startup Challenge. 
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.
MonitiseLogo2.jpg

Mobile banking solutions company, Monitise, announced the appointment of a new CFO and Executive Director today.

The company has selected Brad Petzer (pictured) to replace John Brougham after his MonitisePetzer.jpgretirement in October of last year. Petzer will take up the position of CFO in April of 2013.

Prior to accepting the role as CFO, Petzer served as Group Financial Controller at Europe-based Telecity Group.

Monitise demoed at Finovate 2007.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBremer Bank to implement Fiserv's mobile banking and payment technology.
  • Boeing Helicopters Credit Union moves to Andera's oFlows for online account opening.
  • SaveUp launches a no spend challenge: a financial detox.
  • Pageonce featured in Gentle9.com's Top 10 Apps of the week.
  • Jwaala helps Michigan First Credit Union improve remote deposit capture services.
  • The Swedish Wire lists Klarna as one of Sweden's more popular employers among young professionals. 
  • Nomis Solutions announces Global Pricing Forum in April.
  • Monitise appoints Brad Petzer as new CFO, Executive Director.
  • Alior Bank to deploy Comarch Smart Finance.
  • AllAfrica.com interviews CR2 CEO, Martin Dolan about Nigeria's Cashless Lagos Project.
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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  • Bolstr featured on Fox Small Business News.
  • InComm and Dollar General launch Microsoft Xbox LIVE Prepaid PIN on receipt service.
  • BMO Bank of Montreal and Monitise partner on mobile money solutions for BMO Customers.
  • Cachet Financial Solutions and PSCU partner to provide remote deposit capture technologies to Nation's Credit Unions.
  • Dating service Soul2Match selects miiCard to combat fraud and help members prove they are real people.
  • MoneyDesktop develops partnership with CUBUS Solutions for online banking PFM integration.
  • Church Community Builder to integrate with ProfitStars Remote Deposit Capture.
  • SGEntrepreneurs.com talks TradeHero on the iPhone.
  • Fuze Network surpasses 3.5 million mark in processing cash-to-card transactions.
  • Motley Fool features BrightScope and the best 401(k) plans of 2012.
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.jpgDwolla launches the ability to send money over Twitter.
  • Planwise launches free online tool that's like Google Maps for your money to visualize your future spending.
  • Intuit-owned Mint to collaborate with Monitise to enhance banks' mobile apps with Mint functionality.
  • InComm buys majority stake in Adility. Financial terms have yet to be announced.
  • Equity Administration Solutions collaborates with SecondMarket so clients can more easily manage shareholder information.
  • PaySimple named Red Herring Global Top 100 winner.
  • Wonga launches PayLater, a service that offers users financing deals on online purchases with certain retailers.
  • BellaDati opens first international office in Seoul.
  • Experian announces IntelliView, a web-based query, analysis and reporting tool that gives 24-7 access to quarterly consumer credit data.
  • Diversinet's mobiSecure SDK to power ultra-secure messaging in AirStrip Technology's mHealth application.
  • Acculynk's Payzur heads west as Washington credit union offers P2P service to members.
  • Long-term payments agreement announced between TSYS and Merrick Bank.
  • Bible Money Matters takes a closer look at the merger between Zecco and TradeKing.
  • BillFloat to provide handset financing options for MetroPCS customers.
  • Virtual Piggy signs agreement with CardinalCommerce to integrate its youth payment tech into their Centinel Universal Merchant Platform through Cardinal.
  • TechCrunch reports Concur to use Nor1's eStandby Upgrade tech to make hotel offers available to their business travel customers via TripIt.
  • Simple shows off Android app teaser on Twitter and Facebook. The app to launch early next year.
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-- December 11, 2012

  • From online to the desktop, Bill.com is now fully integrated with Quickbooks.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFIS announces deal with VW Credit for North American loan and lease processing.
  • New team at Capital Acess Network to build online lending engine, CapTap.
  • MasterCard launches 'cash electronification' service rePower in Europe.
  • Monitise and Intuit partner to bring Mint to financial institutions.
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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