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Alumni News-- February 25, 2015

  • Finovate-F-Logo.jpgFinovate Debuts: How Trunomi Shares Customers' Personal Info while Maintaining Their Privacy.
  • LendingRobot adds Automated Secondary Market Trading.
  • Digital River wins the 2015 Merchant Payment Ecosystem Award.
  • PYMNTS looks at Credit Karma's funding history and future plans.
  • Lincoln Savings Bank to Deploy CorePro from Social Money.
  • Verde International and Lending Club featured in PYMNTS column on banks and non-traditional loan decision-making.
  • Xero Raises $110 Million from Accel Partners, Matrix Capital.
  • CAN Capital and Worldpay partner to improve access to capital for SMEs.
  • Crain's Chicago Business looks at Rippleshot and its plans for winning bigger clients.
  • ValidSoft launches its Device Trust solution with a second major UK bank.
  • Yelp Senior Vice President of Revenue Jed Nachman joins PaySimple Board of Directors.
  • Bluefin Payments partners with Infinite Peripherals, an mPOS device provider.
  • ProfitStars launches its Commercial Lending Center, a small business lending portal.
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-- July 18, 2014

  • Finovate-F-Logo.jpgInnotribe finalists include early stage companies CurrencyTransfer and LendingRobot.
  • Innotribe finalists include growth stage companies Advanced Merchant Payments, Fastacash, Mambu, and Wallaby.
  • Pymnts talks with PaySimple CEO and founder Eric Remer to discuss how PaySimple looks at B2B payments.
  • Check announces major expansion of photo bill pay beta.
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-- July 17, 2014

  • Finovate-F-Logo.jpgPaySimple to enable SMBs to accept payments and automate billing under Zen Planner's software solution.
  • Dashlane launches password management for teams.
  • Top Image Systems acquires eGistics for $18 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 votes are in. The judges have decided. And 11 Finovate alums have earned awards at the 2014 Innovation Project, including three gold medals.

Finovate alums won awards in a diverse range of categories, from "B2B Innovation" to "Best Comeback Story." Areas where alums dominated included "Best Credit Innovation," where Credit Karma, Lending Club, and Klarna swept the field, as well as "Best Innovation via ACH" and "Best Check Innovation."

Thumbnail image for Innovator_awards_pymnts_2014.jpg
The Innovation Project is "powered by," a joint venture between BusinessWire and Market Platform Dynamics. The event is in its second year, and was again held at Harvard University in Cambridge, Massachusetts.

A total of 49 awards were presented. Gold, silver, and bronze in fifteen categories, plus singular Catalyst, Women Driving Innovation in Payments, Lifetime Achievement, and Best in Show awards. 

Also announced were three inductees to the Payments Hall of Fame.

See how the rest of the Finovate family fared below.

Catalyst Award 
  • International e-commerce payments and money transfers
  • Finovate demo video: Europe 2012
  • Best B2B Innovation
  • Cash flow management solution for business integrating electronic payments, accounting, digital documents, and more
  • Finovate demo video: Spring 2012
  • Best Credit Innovation
  • Aggregates consumer financial data from bank accounts and credit scores to mortgage loans in one location
  • Finovate demo video: Startup 2009
  • Best Check Innovation
  • Enables check payments without having to write paper checks
  • Finovate demo video: Spring 2012
  • Best Credit Innovation
  • Online, peer-to-peer lender
  • Finovate demo video: Startup 2009
  • Best Cash Innovation
  • Cash transaction network 
  • Finovate demo video: Spring 2013
  • Best New Technology
  • Open-source, distributed payment protocol
  • Finovate demo video: Spring 2013
  • Best Innovation via ACH
  • Best Check Innovation
  • Send money to a Venmo account, bank account or supported debit card for free
  • Finovate demo video (with Braintree): Spring 2013
  • Most Innovative Company
  • E-commerce solution mitigates credit and fraud risk for online merchants 
  • Finovate demo video: Spring 2012
  • Most Disruptive Innovation
  • Best Comeback Story
  • Peer-to-peer lending
  • Finovate demo video: Finovate 2007
  • Best Credit Innovation
  • Best Innovation via ACH
  • Solution leverages mobile device camera to enable check deposit, account opening, and bill pay.
  • Finovate demo video: Fall 2013
  • Fiserv to adopt Visa's debit EMV solution to offer issuers, acquirers and merchants an approach for debit EMV adoption.
  • Tyfone appoints former UBS managing director Nizar Jamal as Chief Technology Officer.
  • PaymentsSource: Virtual Piggy's Oink partners with European Games Group.
  • App Shopper features BudgetTracker's iOS mobile app.
  • Realty Mogul crowdfunders top $100 million worth of real estate investment.
  • VentureBeat takes a look at mobile payment success stories including PaySimple, Braintree, and PayPal.
  • TD Bank enhances online money movement services with addition of Popmoney and TransferNow from Fiserv.
  • DoubleBeam powers new mobile app for Foodland Super Market.
  • Nostrum Group reports revenue gains of more than 80% to £7 million. for FY 2013.
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.jpgThe Chicago Tribune lists Planwise, SigFig, Jemstep and FindaBetterBank as tools to fix your finances.
  • peerTransfer announces record setting 2013, bringing total customer base to 400 institutions.
  • Tradeshift brings in $15 million of a $57 million equity round.
  • Trustev brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October.
  • Allied Payment Network teaming up with ACI Worldwide to provide same day bill pay via PicturePay.
  • Klarna acquires Sofort to become 10% of Europe's $100 billion e-commerce market.
  • Les Muma, former Fiserv CEO, to join board of directors of FIS.
  • UAE's Bank of Sharjah to offer CR2's BankWorld-powered mobile banking app.
  • ayondo announces new features including open positions in profile view.
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.jpgRentPaidOnline and PayNearMe partner to bring cash payments to its online platform 
  • Daily Finance interviews PaySimple CEO Eric Remer on Next-Gen Payment Processing.
  • ShopKeep POS releasing new version of its iPad-based sales mgmt system to cut checkout time in retail locations.
  • Novant Health launches on doxo to deliver bills & simplify the patient experience.
  • Lendio named one of Utah Business Magazine's Best Companies to Work for in 2013.
  • Credit Sesame launches banking channel with new interest rate comparison tool.
  • Billhighway ranked no. 146 fastest growing company in North America on Deloitte's 2013 Tech Fast 500.
  • Former U.S. Treasury assistant secretary for financial institutions and Google SVP join Lending Club's advisory board.
  • The Paypers reports SumUp extends to Latin America with launch of m-payments service in Brazil.
  • Lend Academy reports: Lending Club now valued at over $2 Billion.
  • Open Bank Project organizing the second edition of Hack/Make The Bank FinTech hackathon in Paris on Nov 30th.
  • EyeVerify competes tonight in Kauffman Foundation's "Get in the Ring: The American Startup Clash".
  • Texas Advanced Computing Center to test pilot Toopher's Invisible Multifactor Authentication solution.
  • MasterCard opens office in Bangladesh.
  • Leaf featured in column on Boston-based mobile payment hardware systems.
  • The Points Guy compares new Coin card to Wallaby Card.
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-- October 21, 2013

  • Thumbnail image for Finovate-F-Logo.jpgAlvaro Soltero of Leaf takes a look at the future of payments.
  • features an interview with Brett Meyers, CEO of CurrencyFair.
  • MasterCard launches TravelController to improve expense reconciliation.
  • TSYS, PayPal, & PaySimple listed in top 10 multi-currency processing solutions for October.
  • Lendio launches beta version of Lendio for the loan specialist.
  • FORMFREE and Equifax partner to streamline borrower asset checks.
  • Prepaid Resources announces formation of Trefoil Technology.
  • TransferWise tops £1 million ($400,000 USD) mark in international money transfers.
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.jpgAG 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.
InnovationProjectIMG.jpg, 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
Second placeWaspit 
  • Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
  • Finovate demo: FinovateFall 2012
Third placeLeaf
  • 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:


    • 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
    • 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
    • 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

Finovate Alumni News-- March 20, 2013

  • Thumbnail image for Finovate-F-Logo.jpgFenergo releases enhanced compliance and customer onboarding support solution for FIs.
  • FIS announces seven-year agreement with FirstBank Puerto Rico for outsourcing services.
  • Fortnoff Financial reviews TradeKing.
  • The Valley Girl Show interviews Locaid CEO, Rip Gerber.
  • Creative Huddle takes a look at TransferWise as a disruptive force in banking.
  • BillGuard launches early, limited MVP testing version of iPhone app.
  • Expensify bolsters SalesForce integration by supporting FinancialForce.
  • American Banker reports Backbase launches Portal 5.4,  enhancing digital marketing to include better targeting & more.
  • Cortera launches Cortera Lookalikes to seek out new customers  that look and act like a company's existing customer base.
  • rPlan launches "rplan University", an online course to provide crucial education on investing.
  • ID Analytics launches ID Network Attributes, targeted consumer behavior insights that provide visibility into identity or transaction risk.
  • Lend Academy reports LendingClub loans being snatched up quickly (within hours).
  • PaySimple partners with CheckAlt to provide suite of payments and receivables tools to SMBs.
  • Validata to provide test case content for Temenos T24 German Banking Suite.
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.jpgrplan has launched an online course providing education on the fundamentals of investing.
  • scores a 9 out of 10 in AppStorm's review.
  • Virtual Piggy receives Frost & Sullivan Excellence in Best Practices Award.
  • IDT & Fiserv partner to expand availability of International calling services and walk-in bill payments.
  • ABC News reviews student banking service Waspit.
  • PaySimple launches redesigned mobile app and credit card reader.
  • Ping Identity names Michael J. Sullivan CFO.
  • TradeKing wins seventh consecutive, four-star rating in Barron's Online Broker Survey.
  • Cloud Squads reflects on the Bazaarvoice Summit 2013.
  • TechCrunch reports PayPal acquires mobile app development Studio Duff Research to work on its mobile and digital wallet.
  • Aptys Solutions chosen by Texas-based Mainstay Group as payment exchange provider.
  • Manilla adds more than 54,000 small businesses to its network.
  • Identity Theft 911 talks with Reuters about identity protection during tax time.
  • TSYS scheduled to present at Barclays Emerging Payments forum in Boston.
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.jpgMSPmentor 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.

Finovate Alumni News-- February 28, 2013

  • Thumbnail image for Finovate-F-Logo.jpgMasterCard to deploy Mobile PayPass technology in Brazil, the company's first NFC payment project in Latin America. 
  • Social Commerce Today takes a look at Azimo and the multi-billion dollar remittance market. 
  • Woopra, the customer analytics blog, profiles BillFloat
  • BBVA Compass picks Keynote's DeviceAnywhere platform for mobile app testing. 
  • Kashoo announces "flash sale" for its iPad accounting app. 
  • Mobile Payments Today highlights the Pay Anyone app from Pageonce
  • Comarch invests PLN 1 million in a bid to strengthen its customer support services.
  • Wired magazine features Acuity Systems' Harlan Hutson talking about authentication and moving beyond the digital wallet.
  • Efigence-implemented Alior Currency Exchange wins best innovation of the year award for 2012 from Polish Academy of Sciences and editors of Business Forum magazine.
  • BBVA named Model Bank of the Year by Celent.
  • ShopKeep POS wins Stevie Award for Best customer service.
  • Fortune 100 company chooses Taulia to provide extensive invoicing capabilities.
  • PaySimple launches starter promotional pricing to help newer companies grow and manage their businesses.
  • TESOBE's Open Bank Project organizes FinTech hackathon in London on the 19th of March at Level39.
  • Doxo introduces provider online bill pay and view.
  • PayPal expands relationship with Coinstar to add coins or dollars into or withdraw money from their PayPal accounts.
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 29, 2013

  • Thumbnail image for Finovate-F-Logo.jpgAcculynk joins EMV Migration Forum.
  • TSYS announces extension agreement with Payment Alliance International.
  • True Office scores $3 million funding round. See them demo at FinovateEurope in London!
  • GetApp compares accounting options in FreeAgent and Kashoo.
  • Taulia doubles customer base in 2012.
  • miiCard granted U.S. patent for method of establishing true online identity based on ability to access online financial accounts.
  • TIO Networks appoints Bill Burnham, founder of Inductive Capital, to Board of Directors.
  • WorkSaveLive blog features ReadyForZero.
  • PaySimple launches 3 new integrated partners.
  • PlayMoolah launches Yusheng Rush, a Chinese New Year themed mobile game.
  • IP Commerce announces latest release of Commerce Boarding, a real-time qualification and decision engine.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • 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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinextra reports Connect.Me and miiCard team on verified social reputation card.
  • American Banker interviews Yaron Samid, BillGuard CEO, on How BillGuard Plans to Create A National Dispute Database for Banks.
  • Kony becomes the mobile platform of choice for Banco Itau Unibanco, 1 of the World's top 10 banks.
  • Tech in Asia considers how tech demonstrated at FinovateAsia relates to banks.
  • Former PayPal President Scott Thompson joins PaySimple Board of Directors.
  • Deloitte names SecureKey as one of Canada's Companies-to-Watch in the 2012 Deloitte Technology Fast 50 Awards.
  • peerTransfer expands international payment services into Australian Markets.
  • Bank Innovation reports: Online Financial Services Provider Holvi Partnering with Crowdfunding Site Mesenaatti.
  • Vator News features Kevin Cimring, CEO of Jemstep.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBill Dwight, CEO of FamZoo, interviewed by Unlock Your Wealth Radio.
  • TechCrunch reports BillGuard Teams Up With Lemon's Mobile Wallet, Will Alert Users To Fraudulent Charges.
  • MyBankTracker reviews Betterment's gift registry feature.
  • Tech in Asia describes why Striata caught its eye at FinovateAsia.
  • Personal Loan Finder looks at SocietyOne.
  • BetaKit reports ShopKeep adds employee time tracking feature to iPad POS system.
  • SecureKey launches Online Authentication Service for Government of Canada.
  • TechCrunch reports Lending Club Surpasses $1B In Personal Loans, Hits Profitability.
  • PaySimple Launches ReceivablesPro Turnkey Private-Label Solution.
  • Campaign Asia reports London-based Innovation Agency launches in Singapore.
  • At FinovateAsia, Barclays announces the launch of PFM powered by Strands.
  • SG Entrepreneurs covers Perfectsen's launch of The Hook at FinovateAsia.
  • Des Moines Register covers Dwolla's MassPay.
  • e27 lists 3 finance startups that caught their eye at FinovateAsia 2012.
  • Pando Daily reports Bazaarvoice replaces its CEO and acquires Longboard Media.
  • Finextra reports Authentify opens Japanese subsidiary.
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.jpgTradeshift announces strategic partnership with PrimeRevenue SCF.
  • Thomson Reuters launches mobile web app for investor relations.
  • CashStar and Comet launch UK's first comprehensive eGift card program.
  • PaySimple appoints former PayPal employee Andrew Lanthier as CTO.
  • Upstart Business Journal looks at the approach Kabbage and Lighter Capital take on small business financing.
  • Q2ebanking introduces Q2clarity, customizable analytics across mobile, online and security platform.
  • Barron's recommends using to cut bank fees.
  • City AM reports Monitise user numbers quadrupled in the last year to 17m.
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.jpgZipZap to power global cash payments for omba.
  • Forbes mentions Credit Sesame,, PayTap, Digital Mailer as 4 tools to help you manage your money.
  • Capital Access Network closes $295 mil credit that to serve the small business community.
  • PYMNTS chats with Kabbage's co-founder & chief operating officer, Kathryn Petralia.
  • GambleID taps Locaid for geolocation services.
  • PC World features Yodlee, ShopKeep POS, Bolstr, PaySimple, CommunityLend, & Billhighway.
  • CU Times reports Mortgagebot Launches First Credit Union on Integrated Platform.
  • SafetyPay, in conjunction with the Bank of Montreal, the RBC, TD Bank & Scotia Bank, offers online payment service via Canadian Interac network.
  • Fiserv selected as Affinity Provider in FPA Practitioner Resource Guide.
  • Currensee delivers PAMM Replacement Solution for CTAs and Money Managers.
  • Netbanker: BillGuard is first financial service to Integrate with the New iPhone Passbook Wallet.
  • Compass Plus partners with WorldWide Financial 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.
Next, PaySimple demonstrated its solution to help small businesses get paid faster and increase customer engagement:

"Late payments and business growth challenges continue to plague small businesses. PaySimple has recently launched a get paid faster while you grow your business feature set. This new innovation ensures small businesses get paid faster through simple automation of early payment incentives and late payment penalties. 

In addition, the innovative features promote business growth by driving social engagement as a natural extension of the payments flow. The social features help businesses grow their social following and improve their online review presence to retain active customer engagements and become a more attractive option to new potential customers."

Product Launched: April 2010

HQ Location: Denver, CO
Company Founded: January 2006
Metrics: $28.5M raised, 75 employees
Twitter: @PaySimple
Finovate demo (demo video will be posted next week)

Introducing Eric Remer (CEO) and Jenae Wiegert (VP, Product)

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThreatMetrix announces availability of the latest ThreatMetrix Cybercrime Defender Platform.
  • Dashlane wins Two Awards for Innovation in Data Privacy and Personal Data at DataWeek. Come to FinovateFall to see Dashlane's demo.
  • PaySimple appoints Sue Heilbronner as Chief Revenue Officer. See PaySimple's demo at FinvoateFall next month.
  • Taulia provides e-invoicing & supplier self-service capabilities to a select group of suppliers for large enterprises, free of charge.
  • Credit Union Times reports Geezeo reaches 100 clients.
  • 2 Minute Finance interviews TASCET at FinovateSpring 2012.
  • E-Loan partners with Credit Karma, Lending Club, and SimpleTuition.
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.

We've selected over 60 leading innovators to take the stage for the sixth annual FinovateFall conference in New York on September 12 and 13.

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 meet the execs responsible. Get your FinovateFall ticket here.


Thumbnail image for ActianceLogo.jpg
Socialite from Actiance allows financial advisors, agents and sales and marketing to engage with clients, build customer relationships, and create a personal brand - all while being compliant with FINRA and SEC regulations. 

At Finovate you will see for the first time the integration of Actiance's Socialite platform with Salesforce enabling users to maximize the power of Salesforce, monetize their social involvement and increase revenue. Now users can Link Socialite contacts to Salesforce accounts and send Socialite activity to Salesforce when contacts provide feedback or respond to posted content. In addition, we will be showcasing our new Socialite Mobile application for the iPhone.

Innovation type: Marketing, sales, security

Thumbnail image for BillhighwayLogo.jpg
Come meet Billhighway at the intersection of technology and philanthropy! It's your chance to witness the debut of a faster, more compelling way to fundraise. Billhighway's mobile application, unveiled for the first time at FinovateFall 2012, brings a mobile cashless approach for an easy, secure, fun way for folks to give in real time, and perhaps give more! 

The application is specifically developed for nonprofits to effectively increase funding from new sources. A great example of technology used for good, nonprofit organizations immediately collect and put to use mission-critical donor funds, the lifeblood of their efforts to do more good.

Innovation type: Marketing, mobile, payments

BCSGLogo2.jpgBCSG will be launching an innovative and customizable cloud-based package at FinovateFall 2012, incorporating the most important tools a small business owner needs to manage and grow their business. For just $25 a month, users will get access to several market leading applications via one online platform using a single username and password. This unique package has been developed specifically to address the day to day challenges small businesses owners face and is supplied through financial institutions.

Innovation type: Online UI, PFM, small business

CommunityLend's product, Financeit, enables businesses to offer installment loans to their customers at the point of sale. Since launching in January of 2011, they have signed up over 1,200 merchant partners and processed over $130MM in loans. The key verticals are vehicle, home improvement, retail and health.

CommunityLend has raised over $9MM in financing since launch and is now pursuing a U.S. expansion strategy. Lending capital comes from banks and other institutional investors.

Innovation type: Lending, payments

Can "The Cloud" be trusted to store important files? Are safe deposit boxes still practical in the age of electronic documents? Is there a way to ensure "Total Information Privacy" for the customer? My Virtual StrongBox is the online answer to safe deposit boxes. Customers store electronic copies of important documents in this easy-to-use filing system AND retain ownership of their documents. Files are managed by, and only visible to, the customer. Financial institutions using My Virtual StrongBox add one more sticky product to their list of benefits and keep customers around for years to come. Learn more at

Innovation type: Banking products, PFM, small business


Optimize your online marketing and improve your acquisitions strategies with Experian's Premium Prequalification, a powerful credit-screening tool that allows institutions to proactively utilize individual credit data online in real time to:

    • Empower and educate consumers with a snapshot of their credit health
    • Save consumers time and money by instantly providing them with their most viable options at the very start of their shopping experience 

This best-in-class process also offers Prequalification Triggers, notifying consumers of recent changes to their credit while offering relevant products, and Credit Comparables, which compares individual credit to the average in their area. Redefine your acquisitions strategies today with Experian's Premium Prequalification

Innovation type: Cards, lending, sales

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Fiserv understands that convenience and supporting user preference are keys to increased adoption and usage of digital payments. Our innovation seamlessly blends a variety of information input modes in our mobile banking application, Mobiliti Enterprise

Using our applications, users can choose from traditional keypad and screen touch interaction, image capture and OCR, or voice-driven commands and inputs to make payments. And a key feature is that users can effortlessly switch modes at any time, whenever they want - even in the middle of a transaction.

Innovation type: Banking products, mobile, payments

In a world optimized to get us to spend more at every turn, ImpulseSave has made saving your money just as easy and instantly gratifying as spending it. Our simple web and mobile tools incent consumers to turn every point of sale into a "Point of Saving", as well as every point in between. 

ImpulseSavers are saving close to $4,000 per year on average. While others argue that greater discipline and better budgets are the answer, ImpulseSave represents the exact opposite approach. Instead of trying to change consumer behavior, encouraging more self-denial, we've actually transformed saving itself to leverage that very behavior, making saving as impulsive, fun, even addictive as is spending.

Innovation type: Communications, marketing, PFM

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Ready, Set, Locate! See how one easy-to-use API can locate any customer or cardholder mobile phone for authentication or mobile marketing. No apps to download, it works on feature phones, smart phones or on any carrier. Mobile phone network location can be a low cost, high quality, unspoofable authentication factor for mobile payment and credit card identity. 

See Locaid's live location demo that can be easily integrated into any CRM system, mobile marketing, web services or anti-fraud applications. With a mobile device number and permission, you can locate 350 million devices via our location privacy platform.

Innovation type: Identity, marketing, mobile

See how financial institutions can save millions by implementing BankFiling, a first-of-its kind innovation that delivers significant ROI yet requires limited investment. A whole new approach to commercial and business banking! Prepare yourself!

Innovation type: Banking products, lending, small business

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The fear of not getting paid and concern over finding new clients is keeping small business owners up at night. PaySimple is launching a "get paid faster while you grow your business" addition to its PaySimple Pro receivables automation solution. The innovation automates pricing to ensure the small business is paid on time and also fosters social engagement as a natural extension of the payments process.

Innovation type: Online UI, payments, small business

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Times are tough. The kids are in college. You're caring for aging parents. You're underemployed. You have bills. Bills that are due. But your family and friends want to help. Because that's what family and friends do. If only there was a way for them to provide this financial help quickly. Conveniently. Securely. Online. Without the hassle of sending cash and checks, or the high cost of wire transfer services. Meet PayTap.

Innovation type: Communications, payments, PFM

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Personal Capital is wealth management for the Internet Age. The company's online platform combines digital technology with highly personalized service to provide a holistic view of your unique financial picture. The free online dashboard, iPad and iPhone apps present all of your financial data in one place, showing you exactly what you own and what you owe, in real time. 

At Finovate Fall, Personal Capital will unveil new features that enable even greater transparency into your money for the long-term: your retirement. Do you know how much your 401(k) costs?

Innovation type: Investing, online UI, PFM

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Pindrop Security's technology is being used by banks to identify fraud callers and to prevent fraud transactions. In the Fall of 2012, we'll introduce our latest solution for financial institutions that rely on the phone for transactions. Join us for the debut at FinovateFall 2012!

Innovation type: Identity, security

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Prepaid Resources introduces BenefitsDirect 'Direct Deposit Management'.

Capture recurring Federal benefits, State benefits and Payroll deposits through your accountholder website, in-branch, at retail, by mobile app or via live agent. Track enrollment success and measure direct deposit activity to proactively personalize accountholder relationships.

Innovation type: Banking products, cards

ShopKeep solves the last mile in local. It enables vertical partners from delivery, payments, loyalty, and deals to connect directly to SMBs. A revolutionary iPad based SaaS product, ShopKeep's POS system makes traditional cash register products obsolete. 

For $2/day merchants receive a high end operating system and can manage their store even when they are not inside it. Made in NYC, ShopKeep now has over 2,500 customers. It provides merchants flexibility to choose their credit card processor and offers unheard of customer support and economics. ShopKeep POS is the simplest way for retailers to make smarter business decisions.

Innovation type: Payments, sales, small business

Stockr is a finance portal for the social web. For most people, investing is more social than scientific, and investment ideas come from close friends, trusted advisors and various periodicals. 

Stockr embraces this social element of investing, creating powerful connections among those who have actionable information and those who are seeking it. While other portals compete on content, our view is that content becomes most relevant and actionable when it's shared and discussed.

Innovation type: Investing & asset management, PFM

Everyone has come to expect innovative, reliable and low cost local currency payment services, yet we continue to live with expensive and unreliable international payments. Over $37 trillion in foreign currency payments are sent or received each year. The international payment services offered by the major banks are far from satisfactory. The Currency Cloud evolves the international payments process - we make currencies simple.

Innovation type: Back office, payments, small business

With, student loan borrowers can easily access all their loans in one visually appealing dashboard, use graphical visualization tools to compare them and get customized optimization plans that take advantage of little-known and hard-to-understand restructuring options.

Innovation type: Banking products, lending, PFM

The mobile phone is fast becoming a dominant player in payments and banking worldwide. As electronic fraud will certainly be drawn to the new medium, so too must security be made usable, flexible and ultimately reliable. ValidSoft's proprietary technology can secure all transaction channels, in real-time. All our solutions are telecommunications-based. 

At FinovateFall 2012 we will show you how our advanced mobile payments authentication platform, SMART, supports a mobile wallet product and demonstrate how scalable and flexible it can be.

Innovation type: Identity, payments, security

Stay tuned next week for another sneak peek of FinovateFall 2012 presenting companies.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgO'Reilly Radar takes an in-depth look at FutureAdvisor, interviews CEO Bo Lu.
  • Business Insider recommends Mint & BillGuard as worthy personal finance apps to help you control your finances.
  • Strands Finance, selected as tech partner of PostFinance, a Swiss FI & payment transactions provider.
  • HIT Consultant features Diversinet CEO on Newest Podcast.
  • Security Service FCU selects Tyfone to deliver next gen mobile services.
  • PaySimple named to JMP Securities Hot 100 Software Companies 2012.
  • Austin's asks: Can Bazaarvoice IPO be catalyst for new wave of startups?
  • Altoona's Hearld-Index profiles T8 Webare.
  • Barron's looks at SigFig as A Take-Charge Portfolio Manager.
  • InComm & Absolute Software form partnership.
  • The Examiner looks at how Virtual Piggy is protecting kids online & interviews Founder & CEO, Dr. Jo Webber.
  • Check out the latest founder interview: Laura Mather of Silver Tail Systems.
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.jpgTradeshift to Offer Taulia's Dynamic Discounting.
  • Startup Beat interviews CoverHound CEO, Basil Enan.
  • Acculynk and National Payments Corporation of India Announce Internet PIN Debit Partnership.
  • miiCard Launches Twitter Trust Campaign By Verifying Real Identities.
  • PaySimple Named Red Herring Americas Top 100 Winner.
  • Financial Post discusses Kashoo's mobile distribution strategy.
  • High Beam Research reports on DoughMain's financial education pointers.
  • TechCrunch reports BOKU Scales Up, Will Power Carrier Billing For In-App Payments In The T-Mobile Mall.
  • CU Times reports MoneyDesktop Adds 17 Credit Unions as PFM Users.
  • Check Point Introduces New Security Acceleration Module with Advanced SecurityCore Technology for High Performance in Low Latency Environments.
  • CNN Money Launches New Investing Home Page with StockTwits Trending Tickers.
  • Advocate's Studio recommends Enloop for when you need a fast business plan.
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.

Here's a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune's live blog on PaymentsViews, which covers all 63 presenting companies:


2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee

BillGuard Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee

Cardlytics Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee

Concur Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee

Flint Mobile Demo @ Finovate Spring 2012 Conference (Day 2)
by Bobby Lee

Mitek Systems Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee

TIO Networks Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee

WattzOn Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee

Bank Innovation
5 Finovate Demo-ers' News Catching Our Eye
by Mary Wisniewski

4 More Finovate Products We Like
by Mary Wisniewski

Bank Technology News
Best of Finovate Spring Day 1
by Penny Crosman

Best of Finovate Spring Day 2
by Penny Crosman

Dwolla Pitches Fast Fund Transfers, but Bank Participation is Vital
by Sean Sposito

Edo to Harness Payment Data to Spur Consumer Spending
by Victoria Finkle

WattzOn Helps Banks Help Customers Save on Energy Bills
by Sean Sposito

BankersLab Blog
CreditLab Launch: Reactions and Responses

Finovate, Simple, and Re-Imagining Banking Applications
by Bradley Leimer

Live at FinovateSpring 2012- day 1
by Jelmer de Jong

Live at FinovateSpring 2012- day 2
by Jelmer de Jong

CoverHound Debuts Comparison Tool for Auto Insurance 
by Cheronne Thurab 

Business Insider
Finally, a Mobile App That Helps You Save Money: Meet Urge
by Willy Staley

What Does $4.6 Billion in Coupon Savings Have to Do with Savvy Consumers?
by Andre Bourque

C'est pas mon idée!
FinovateSpring 2012: quoi de neuf?
by Patrice Bernard

Currency Marketing Blog
Four Conference in Four Days
by Tim McAlpine

Credit Union Times
MoneyDesktop Named Best of Show at FinovateSpring Conference
by Natasha Chilingerian

Daily Disruption
Flint Mobile Announces Beta Launch at Finovate and Closes $3 Million Round of Financing
by Tim Rygh

The Daily Guardian (BillGuard's blog)
Financial Community Awards BillGuard Best Of Show at Finovate
by Maryanne

DCisions Blog
DCisions at Finovate Spring 2012
by Kritika Ashok

Des Moines Register 
Dwolla offers software for free
by Adam Belz

Des Moines Register Blog
Dwolla, Social Money earn praise at national banking conference
by Marco Santana

Kuspit, el primer Finovate mexicano
by Alicia Salgado

Experian Blog
Business IQ Express... what is the media saying?
by Roslyn Whitehurst 

FamZoo Blog
Finovate Winners
by Bill Dwight

Flint taps phone cameras for card payments

SoMoLend closes $1.17 million seed round

Forrester Blog
Finovate Spring 2012: Digital Financial Services Innovation
by Tiffani Montez

FP Pad
[Video Spotlight] inStream Solutions CEO Alex Murguia at FinovateSpring 2012
by Bill Winterberg

[Video Spotlight] iQuantifi CEO Tom White at FinovateSpring 2012
by Bill Winterberg

[Video Spotlight] Sarah Carter of Actiance at FinovateSpring 2012
by Bill Winterberg

Accelerating Innovation at Finovate 2012
by Hans Eisenbeis

Investment News
Personal Capital launches iPhone app
by Davis Janowski

Lazy Man and Money
What's Hot and What's Not from Finovate 2012

Mercury News
Money Goes Mobile 

Montreal Gazette
Montreal's Wall Street Survivor teaches about investing
by Jason Magder

Can FinTech Stop You from 'Showrooming?'
by Willy Staley

MoneyDesktop: How Personalized Deals Shine in PFM Tools
by Simon Zhen

Save Your Wallet, and Maybe the Planet, with WattzOn
by by Willy Staley

On Deck Capital Blog
Photo Journal: Our Finovate Demo

Highlights from Finovate Spring 2012 San Francisco 

Live Blogging Finovate Spring 2012 San Francisco
by Erin McCune

The Paypers
ZipZap rolls out CashCade payment service

PaySimple Blog
PaySimple at Finovate
by Sarah Jordan

PC World
New Web Apps and Services for Business
by Yardena Arar

Finovate Best in Show
by Aliisa Rosenthal
BehavioSec voted 'Best of Show' for biometric solution by audience at Finovate Spring, San Francisco

Silicon Prairie News
With upgraded FiSync, Dwolla cuts 3-5 day wait to real-time
by Michael Stacy

Silver Tail Systems Blog
Finovate Spring Demonstrates a Growing Richness in Online Interactions
by Laura Mather

Social Lending Network
Roundup of Social Lending News - May 12, 2012
by Peter Renton

Capital One Snags Mobile Savings Startup BankOns, Team Moving To Capital One Labs
by Sarah Perez

Flint: A New Mobile Payment App For Small Businesses Picks Up $3M From Storm, True Ventures
by Ingrid Lunden

How Personal Capital Wants To Bring Money Management Into The Internet Age [TCTV]
by Colleen Taylor

Nearing The 1M User Mark, Expensify Adds 'Trips' Feature To Mobile Apps
by Colleen Taylor

The Anti-Groupon? Edo Launches Real-Time Local Offers Platform, Tied To Your Bank Card For Instant Credits
by Sarah Perez

List Of Winners Of Top Fintech Conference, Finovate
by Zack Miller

World News (
Instream Solutions Ceo Alex Murguia At Finovatespring 2012
Later this morning, PaySimple showed how its cloud-based management solution can help small businesses:

"PaySimple provides a cloud-based accounts receivable management solution for small business. With PaySimple, businesses can accept credit card and ACH payments and automate billing across channels including recurring billing, electronic invoicing, and web, mail, phone, and mobile payments. This is integrated with customer management and smart reporting to help small businesses not only save time and get paid faster, but also grow their business.

Additionally, PaySimple is available as a turn-key, custom-branded solution for large institutions looking to provide their members with a value-added offering. Partners with custom-branded products in market today include American Express, Chase, Western Union, and Vantiv."

Product Launched: May 2012

HQ Location: Denver, CO
Company Founded: January 2006
Metrics: PaySimple has raised $28.5 million in capital through three rounds. In its most recent round in September 2011, PaySimple received $16 million of growth capital from Susquehanna Growth Equity. Approximately 10,000 small businesses use PaySimple to save time and get paid faster. Recent results reported by customers say that 85% of them save time, 55% get paid faster, 91% started with ease, and 96% love our support. PaySimple currently has 70 employees.

Introducing Eric Remer (Founder and CEO) and Jenae Wiegert (VP, Product & Marketing)


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Here's part 2 of the sneak peek of the companies that will demoing at FinovateSpring May 8 and 9 in San Francisco. Each company provided a short summary of the innovation they will debut on stage. We published 23 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 FinovateSpring ticket here.

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InvestorBee puts data at consumers' fingertips so they can make smart, confident investments.

  • It's fact, not opinion. Users can tap into the database to learn from the experiences of nearly 1.5 million investors.
  • It's an investment health check. Users can compare their portfolios and multi-asset products with fact-based, relevant benchmarks to understand whether they receive fair value.
  • It's simple investing without guesswork. Users can choose an objective risk-based strategy to track that's right for them in a few easy steps.
Users extract wisdom from the crowd to make better, simpler investment decisions - all for free at InvestorBee.

Innovation type: Investing, marketing, PFM

iQuantifi takes you way beyond budgeting! It helps you reach all your financial goals and tells you exactly how you can do it. No estimates. No calculators. Just solid advice and the power to do it all online.

Innovation type: Banking products, investing, PFM

Historically, investing in securities has been 
a difficult proposition for retail investors, 
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mainly due to the lack of access to competitive products and the absence of user-friendly financial education tools.

This problem is exacerbated in emerging markets, where financial markets tend to be less developed.

Kuspit offers retail investors an online platform to learn about investing, apply what they've learned, and invest in the same platform. All of this is available in an easy and progressive manner, while sharing ideas with the community.

Innovation type: Investing, online, PFM

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The current infrastructure to deliver capital to Main Street businesses is broken. It's simply too expensive for banks to manually analyze and underwrite a small loan - whether it is $10,000 or $100,000. As a result, banks make fewer loans, and creditworthy small businesses are denied the capital they need to grow. 

On Deck has created an efficient, effective and proven solution to this fundamental problem. By leveraging new digital sources of data, any institution can increase its small business lending through the On Deck platform, delivering funding decisions in minutes rather than weeks.

Innovation type: Lending, payments, small business

PaySimple is launching an innovative platform for banks to set up their own private-labeled version of cloud-based receivables automation. With this platform, banks of all sizes can easily bring to market a sticky value-added offering to attract and retain small business members, while adding a new revenue stream. 

PaySimple will demonstrate how banks can set up custom-branded software in a few simple steps and how small businesses can immediately benefit from a system that combines payment acceptance across channels integrated with customer management.

Innovation type: Online, payments, small business

Portfolio Football is a first-of-a-kind application that addresses the need for financial planning and literacy through gamification. Portfolio Football plays on the popularity of American Football and the adoption of fantasy sports into the lives millions. It makes financial management competitive, fun and easy to understand, while providing users with a powerful tool for personal finance and portfolio management. It's a true "game changer."

Innovation type: Investing, Online, PFM

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With 80% of Americans between the ages 20-40 now using social media and playing social games, how can financial institutions reach their customers in new ways?

Introducing SaveUp - an innovative program that uses game mechanics to reward good financial behavior. When users save money and reduce debt, they earn credits to play for prizes like cars, travel, and cash up to $2 million.

Financial institutions can use a customized SaveUp experience to help their customers make better financial decisions, increase engagement, and cross-sell products. Current FI partner campaigns have conversion rates of up to 44%.

Build a deeper relationship with your customers while helping them succeed.

Innovation type: Marketing, rewards

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SoMoLend makes investing in your online community simple, affordable, and social. SoMo is an online platform that uses patent-pending lending technology executed within a hyper-localized geographic scope to connect small business borrowers with individual and organizational investors.  

SoMo's user-friendly technology allows business borrowers to raise capital from friends and family, customers and community supporters as well as from Facebook, Twitter and LinkedIn connections. Investors lend money directly to borrowers through the SoMo platform, which then packages the loans and sells them as notes, bypassing banks and credit-card issuers.

Innovation type: Investing, lending, small business

Thomson Reuters is pleased to introduce their new App Store solution that enables access to the latest innovative capabilities and tools for use across the digital enterprise. Thomson Reuters' solution makes it easy for financial institutions and third-party developers to create and integrate pioneering market monitoring and investing apps. 

By seamlessly enabling the combination of Thomson Reuters content, firm's customer account data and firm's internal and other data sources, Thompson Reuters is helping institutions leverage the providers of financial content. This delivers a differentiated experience for their customers while lowering both development costs and time to market.

Innovation type: Investing, marketing, mobile, online, PFM

Approximately half of the world's population are cash-preferred consumers (unbanked, underbanked, teens or privacy-concerned) and have no bank account or limited access to traditional financial services. eCommerce merchants have not had a way, until now, to monetize this segment of consumers simply missing out on the substantial revenues they represent.

ZipZap will unveil the latest innovations in global cash transaction solutions for eCommerce merchants. CashCade ensures no more lost revenue from card-based transactions being declined, while CashPayment enables consumers worldwide to make payments for online purchases at offline locations using cash.

Innovation type: Back office, payments
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMSN Money UK explains how Zopa represents the future of banking.
  • MintLife blog reviews FutureAdvisor. Come see their live demo at FinovateSpring.
  • Silicon Prairie News covers a SXSW panel discussion where Dwolla discussed growth. See its new tech at FinovateSpring.
  • Forbes interviews PaySimple CEO, Eric Remer, on how he began the startup. Come see PaySimple at FinovateSpring in San Fran.
  • MSN Business on Main interviews Dwolla's Ben Milne, asks if it's the next PayPal.
  • Currensee expands into Latin American region with Spanish website.
  • Xero partners with Abukai, helps MYOB users migrate accounting software.
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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