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  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCNBC covers how SecondMarket is looking to move from trading Facebook to Pinterest.
  • TechCrunch reports Boku launched billing partnership with Sprint, giving it partnerships with all 4 major U.S. carriers.
  • Meniga's PFM solution powers Sweden's first Smartbank, launched by Skandia.
  • SecureKey adds 40 staff in past six months, reaches business and recognition milestones.
  • Lendio sees nearly 500% increase in matching businesses with small business loans.
  • Check Point launches free ZoneAlarm anti-virus/firewall combo.
  • Forbes features article by Mike Alfred, CEO of BrightScope, discussing the differing opinions he, Personal Capital and FutureAdvisor have on the role of financial advisors.
  • Fiserv to offer global ACH payments through partnership with Earthport.
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.jpgTIO Networks named one of Canada's leading tech companies, placed in Canada's Branham25. See TIO Networks new tech at FinovateSpring.
  • SecureKey named  one of the top 25 up and comers in the Branham300 list of top tech companies in Canada.
  • Guardian Analytics launches fraud detection software for mobiles.
  • The Brainyard reports Bazaarvoice adds SAP, Salesforce.com integration.
  • Mortgagebot's online lending tech supports 25% increase in loan production for Bank of Colorado.
  • DoughMain launches new savings tool for kids.
  • KeyBank launches new mobile banking solution with mFoundry.
  • SpendMatters covers Taulia. Come see Taulia's demo at FinovateSpring 2012.
  • WSJ looks at US Bank's implementation of FreeMonee.
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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SecureKey Technologies announced today that it has teamed up with France-based INSIDE Secure to make it easier for consumers with contactless cards to make online purchases:

"The new solution integrates the patent-pending SecureKey technology into the INSIDE SecuRead NFC solution, available in a SecuRead version upgrade. With SecuRead and the SecureKey technology integrated into a smartphone or tablet, these devices can support strong, two-factor authentication using a contactless credential on a smartphone or contactless card."

Device OEMs will be able to integrate the technology with the SecuRead solution.

The solution allows consumers to use tap-to-pay technology when making online purchases, without requiring the merchant to change their website.

To learn more about SecureKey, watch its FinovateEurope 2011 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Independent recommends using Zopa to boost your pension.
  • Creditnet examines how BillGuard can fight unwanted credit card charges.
  • TechCocktail interviews Ben Milne, Dwolla CEO, at SXSW 2012.
  • All Things D looks at SecondMarket CEO's answer to why it wasn't part of the SEC's secondary market ruling.
  • Forbes looks at MasterCard's partnership with BOKU.
  • Channel Partners turns to Expensify to lower expense-reporting costs.
  • SecureKey Technologies and INSIDE Secure bring POS convenience to online merchants.
  • Plastyc launches more robust mobile app to empower users who own a smartphone.
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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We recently looked back at Finovate's Best of Show Awards archives and wanted to share the list of the 41 award-winning companies.

Here's the Best of Show history that stretches back to 2007, the inception of Finovate:


Finovate2007.jpg

Held October 2, 2007


Mint: Online PFM for individuals

Mortgagebot's Mortgage Marvel: Mortgage marketplace

Prosper: P2P lending network


FinovateStartup.jpg

Held April 29, 2008


First ROI (now BancVue): Develops products and services for community financial institutions

Jwaala: Provides software solutions to help financial institutions compete

Zecco: Online stock and options trading

Zopa: P2P lending network


Finovate2008.jpg

Held October 14, 2008

CheckFree: Online banking platform 

Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile

Mint: Online PFM for individuals

Neosaej's MoneyAisle: Platform where banks compete in live auctions for an individual consumer's business 


FinovateStartup091.jpg

Held April 28, 2009


BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills

Prosper: P2P lending platform

Silver Tail Systems: Predictive analytics to prevent fraud abuse

SimpliFi: A web service that allows anyone to create and update their own financial plan


Finovate2009.jpg

Held September 29, 2009


BancVue's Kasasa: national checking/ savings account brand for community financial institutions

Credit.com: Provides free interactive tools, education, and unbiased comparisons of quality financial products and services

Digital Insight from Intuit: Provides on-demand banking services to help financial institutions serve clients

Silver Tail Systems: Provides online fraud detection platform 

Yodlee: Provides personalized financial solutions to financial institutions


FinovateSpring2010.jpg


Held May 11, 2010

Bobber Interactive: Money management platform for youth

Expensify: Online and mobile expense report platform

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Wikinvest: A platform for investors to share trading tips


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Held October 4-5, 2010


Betterment: Investment account for savings management 

BillShrink (now Truaxis): Loyalty rewards provider

Bundle: Provides socially informed money management for individuals

Dynamics: Produces and manufactures intelligent powered cards

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

PayNearMe: Cash transaction network for the underbanked

SecureKey: Token-based authentication technology


FinovateEurope2011.jpg


Held February 1, 2011

eToro: Social investment network

Finantix: Provides sales and advice solutions for financial services 

Liqpay: Payments platform

Meniga: Online PFM for financial institutions


FinovateSpring2011.jpg


Held May 10-11, 2011

BancVue: Develops products and services for community financial institutions

BankOns: Mobile app offering consumers real-time savings at local merchants

Dwolla: Online, mobile, and social peer-to-peer payment platform

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via their devices' cameras

PayNearMe: Cash transaction network for the underbanked

Wikinvest: A platform for investors to share trading tips


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Held September 20-21, 2011



BillGuard: People-powered antivirus for bills

Dynamics:  produces and manufactures intelligent powered cards

eToro: Social investment network

FamZoo: Online "virtual family Bank"

FeeFighters: Platform that simplifies the process of choosing a merchant account provider

LearnVest: Online PFM for women

Offermatic: Targeted online offers provider

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Personal Capital: Online financial advisor helping people manage their investments


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Held February 2, 2011


Cardlytics: Transaction-based rewards

Dynamics: produces and manufactures intelligent powered cards

eToro: Social investment network

Nutmeg: Online investment manager that democratizes saving and investing
SecureKeyLogo.jpgToronto-based SecureKey announced yesterday that Intel will use the SecureKey tap-to-authenticate and tap-to-pay technology on the Intel Ultrabook. The technology will be available on the line of Ultrabooks with the third generation Intel Core.

This move is expected to help SecureKey greatly expand the reach of its solutions.

To learn more about SecureKey's technology, watch its FinovateEurope 2011 demo.
  • Forbes lists Expensify as 1 of 10 financial innovations that will make your life easier in 2012.
  • Guardian Analytics releases Anomaly Detection Toolkit to help FIs address the expectations for layered security.
  • Tax compliance monitoring service, Tax Guard, partners with ProfitStars.
  • ValidSoft joins "Get Safe Online" to help consumers protect themselves. Watch its live demo at FinovateEurope.
  • Regions Bank joins eWise's Secure Vault Payments network.
  • Intel will use SecureKey's authentication technology on new Ultrabooks.
  • PayPal partners with payment solution company ABJ 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.
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:

  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:

January -- $40.8 million raised by 3 companies

February -- $10.3+ million raised by 3 companies

March -- $20.4 million raised by 4 companies

June -- $124.4 million raised by 8 companies

July -- $1.1 million raised by 1 company

August -- $103.4 million raised by 8 companies

September -- $33 million raised by 1 company

October-- $22 million raised by 2 companies

November -- $16.3+ million raised by 3 companies

December -- $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker: Credit Karma Launches "Hands Free" Account Aggregation.
  • Kony and CIBC deliver new mobile brokerage application.
  • Backbase & Forrester Research to host free webinar Nov 9: 'Banks Need to Become SUPER.'
  • Everything PR lists BillGuard in the Money category of 2011′s Top 100 Best Startups for PRs.
  • eToro launches mobile HTML 5 App for social trading on the go.
  • SecureKey Technologies Inc. to power the Government of Canada's new online authentication service.
  • Malta Independent Online looks at Wesabe, Geezeo, and Budgettracker as key online money management tools.
  • BankSimple launches to the public, changes its name to Simple.
  • eToro launches iOS mobile app for on-the-go trading.

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.
First Data selects Acculynk's online PIN debit service. Acculynk's PaySecure is available to over 3,000 US e-commerce merchants. http://bit.ly/finovate216113

GoalMine introduces accounts for children. Now you can open an account under UTMA for your child or the child of a loved one. http://bit.ly/finovate216111

Pageonce hits four million users, up from just one million a year ago. http://bit.ly/finovate2161134

SecureKey receives undisclosed investment from Intel Capital. SecureKey develops hardware to encrypt debit and credit card transactions. http://bit.ly/finovate216115

TSYS and CASSIS enter into mobile NFC partnership to enable merchant payments, loyalty programs, coupons and rewards. http://bit.ly/finovate218113

Yodlee announces its global reach has surpassed 26 million individuals. http://bit.ly/finovate218111

Zecco launches Zecco Mobile Lite an iPhone app to manage your Zecco brokerage account. http://bit.ly/finovate216112
FinovateFall_wdate_web.gif

We're pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall's NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition! 

(P.S. If you're interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)

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Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

image[6][1]It was an incredible two days in NYC (Oct. 4&5) as we witnessed 56 new products, services, and features debut on the big stage. Of 56 live demos, there were a few slow connections, an occasional timeout, a missed download or two, and a few lost seconds waiting for mobile screens to refresh, but only one that we had to completely restart. So, overall it went very smoothly.

And the packed house had a great time, found a number of things they could take back to their own companies, and made some great connections (at least that's what they told me anyway).

At the end of each day, attendees voted on three "Best of Show" demos from the 28 just seen. Then, at the end of the conference, we ranked all 56 companies based on this audience vote (see notes). The top seven were named Best of Show.

Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top are as follows (in alphabetic order):

Betterment    BillShrink  Bundle Dynamics 
    oFlows          PayNearMe   SecureKey

Congratulations! And thanks to everyone that presented, sponsored, attended and followed the #finovate tweets. If I ever recover, I look forward to writing more about where this is all headed.

------------------------------

Notes on methodology:
1. Only audience members not associated with demoing companies were eligible to vote. Finovate employees did not vote.  
2. Because a different number of ballots was cast each day, we ranked the demos based on the percentage of ballots voting for each presenter. 
3. The exact written instructions given attendees:
"Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. PLEASE CIRCLE ONLY THREE"

Watch Demos

Click above for video archives of all demos.

 

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