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  • Finovate-F-Logo.jpgActiance partners with Shoutlet to integrate Shoutlet's social marketing capabilities with Actiance Socialite.
  • PayPal's Braintree to waive the first $50k of processing fees for startups building on its platform through its new Ignition program.
  • On Deck raises $77 million in funding round led by Tiger Capital.
  • Mechanics Bank's Bradley Leimer takes a look at the lessons from BBVA's acquisition of Simple.
  • Simple, Moven, and Numbrs are listed in American Banker's feature "6 Apps That Are Making Bankers Jealous."
  • Recode reviews Loop. Check out its new payment tech at FinovateSpring next month.
  • The Tally's Financial News Fintech Focus column features Kensho.
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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  • Netbanker considers why the BBVA Simple Bank deal is extraordinary.
  • American Association of Motor Vehicle Administrators selects Authentify for NSTIC Trusted Online Identities Pilot.
  • ThreatMetrix wins Most Innovative Anti-Malware Solution and Best Product Network Access Control Solution at 2014 Cyber Defense Mag Awards.
  • Tyfone unveils Fluide mobile banking platform.
  • PayPal to be the first payment provider on the latest Samsung Gear 2 smartwatches.
  • Lendio marks a year of record growth.
  • Kapitall announces $13 million in funding in round led by Linden Venture.
  • Wallaby launches Google Glass payment app.
  • ShopKeep POS wins global Gold Stevie Award for Sales & Customer Service for 2nd year in a row.
  • MasterCard partners with Syniverse to pilot location-based, anti-fraud service.
  • MoadBus to offer Allied Payment Network's PicturePay.
  • ACI Worldwide to power online banking for Trustco Bank.
  • Bankers' Bank to deploy Aptys Solutions' PayLOGICS originating and processing wire service.
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 24, 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.jpgNICE Systems named to Fast Company's 50 most innovative companies list.
  • American Banker takes a look at BBVA's acquisition of Simple.
  • MasterCard brings in-app payments to MasterPass; acquires m-wallet startup, C-Sam.
  • CNBC Finance hosts Kasasa CEO Gabe Krajicek to discuss the drive to local banks and credit unions.
  • Arxan Technologies partners with IBM to protect mobile apps against attacks.
  • HelloWallet launches Insights app to help HelloWallet users better understand their financial habits.
  • InterAksyon features TransferWise in column about transferring money overseas.
  • Realty Mogul's real estate portfolio surpasses $85 million mark.
  • ExactCPA Tax Solutions introduces its app of the week: Kashoo Accounting.
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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In a different take on the story of Old Meets New today, we've seen Old Acquires New. Simple, a 5-year-old neobank has been acquired by BBVA, a 150-year-old bank that ranks in the top 15 in the world.

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BBVA purchased Simple, which has raised $15.3 million since being founded in 2009, for $117 million.

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Those of us with Simple accounts need not worry, however, because the Portland-based startup will continue to operate as usual. In a blog post announcing the change, CEO Josh Reich states:

"...we will function as a separate business within the BBVA structure, operating in parallel with BBVA's existing US banking operations. Furthermore, I'm remaining in my role as CEO and will be joined by the same team that built Simple over the past four years."

The largest change, Reich states, will be that Simple will have BBVA's backing of $280 billion in assets that will enable it to grow and continue innovating.

Check out Simple's demo from FinovateFall 2011 here. BBVA demonstrated its Stockbuzz tech at FinovateEurope last year. Check out the video here.

Finovate Alumni News-- January 6, 2014

  • Thumbnail image for Finovate-F-Logo.jpgChecking in with FlexScore is top of the list in this Forbes column on financial planning for those turning 50 this year.
  • Mint, Personal Capital, SavedPlus, and LearnVest earn spots on Fox Business' list of "5 apps to help keep your 2014 financial goals."
  • CodeSumBlog names BillGuard as its top financial management productivity app.
  • MasterCard completes acquisition of Provus, Turkey's leading independent payments processor.
  • Google announces that customers can now activate their Google Wallet card via the mobile app.
  • CurrencyFair highlighted in New York Times column on Ireland's tech start-up scene.
  • The Financial Post covers FinanceIt's POS financing solution.
  • Expensify revamps UI and adds executive assistant permissions with new "Wingman" feature.
  • Forbes lists LearnVest, Personal Capital and BillGuard as apps for saving money.
  • Xconomy lists Jemstep and Personal Capital as two new online services to put you back in command of your 401(k).
  • TIO Networks acquires Globex Financial Services to add well-known & respected billers to TIO's business.
  • Signifyd API adds fraud prevention to ecommerce platforms.
  • Saved Plus, Wallaby, FutureAdvisor, Wealthfront, and Level picked for CNN Money's list of the 15 best financial sites and apps.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Finovate-F-Logo.jpgPayments News reports: PayPal Launches Startup Blueprint Program.
  • miiCard's new directory API powers member lookup services to easily confirm ID and expand confidence online.
  • EyeVerify featured in local broadcast on Kansas City's tech community.
  • GoBank, Moven, and Simple highlighted in Bank Marketing Strategy column on simplicity and bank product proliferation.
  • TradeKing CEO Don Montanaro weighs in on the SEC's crowdfunding approval announcement.
  • Check releases version 6.26 of their money management app for Android.
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.jpgUS Storage Centers and PayNearMe unveil convenient electronic cash payments for self-storage tenants.
  • Actiance expands partnership with ZL Technologies to deliver enterprise and public social data into unified archive.
  • Blackhawk Network to acquire InteliSpend Prepaid Solutions.
  • Cachet Financial Solutions launches CheckRisk Pro, a tool to mitigate RDC risk.
  • Netbanker: Simple to launch bluetooth-based P2P payments.
  • The American Bankers Association endorses Q2's enterprise solutions for secure virtual banking.
  • Flint Mobile announces launch of swipe-free mobile payment app for Android.
  • Bloomberg Businessweek takes a look at Motif's "design-it-yourself investing."
  • TechWorld Australia features P2P currency exchange innovator, CurrencyFair.
  • Fenergo, Aite Group report: Capital market firms prefer centralized client onboarding.
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.jpgBackbase on Track to Expand into UK Market. 
  • Arroweye Solutions launches EMV On-Demand.
  • ICBA Mortgage extends its agreement with D+H Mortgagebot.
  • InComm partners with Jackson Hewitt Tax Service to unveil new GPR card.
  • Digital Insight working with Delta Community CU to offer members digital banking services and solutions.
  • Guardian Analytics announces FraudMAP Connect, real-time collaboration platform & fraud intelligence community.
  • Cachet Financial Solutions launches new mobile money management application and platform, Select Mobile Money.
  • Equifax enhances underwriting decisions for lenders and businesses with release of advanced decisioning attributes.
  • Simple announces new MoneyDrop, instant P2P $$ transfer technology.
  • OnDeck ranked #20 in SellingPower Magazine's 50 Best Companies to Sell For List.
  • Ven partners ValidSoft to secure virtual currency transactions.
  • SecondMarket CEO explains latest Bitcoin move.
  • Tyfone powers P2P m-payments in BVCU m-banking platform.
  • MasterCard joins Fast IDentity Online (FIDO) Alliance in support of innovation in online authentication.
  • Inaugural issue of FIS's digital magazine FIS InMotion now available.
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.jpgERN raises another $1 million, acquires two UK companies.
  • Expensify announces additional approval modes.
  • TMC selects Interactions' Virtual Assistant applications for a 2013 Speech Technology Excellence Award.
  • The Financial Brand looks at NeoBanks: Moven, Simple, GoBank.
  • Reuters article features Wealthfront as a platform of choice for how millenials manage money.
  • MasterCard partners with United Bank for Africa to provide Nigeria's first personalized debit card.
  • BrightFunds announces that it is now an official contributor to Triple Pundit.
  • The Economist talks with TransferWise co-founder Taavet Hinrikus about technological innovation in Estonia.
  • Kabbage and On Deck Capital both featured in Fit Small Business column on raising money for an existing business.
  • Allied Payment Network partners with Access Softek to provide Picture Pay mobile bill pay 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 Alumni News-- July 29, 2013

  • FinovateLOGO.jpgJilliene Helman, CEO and co-founder of Realty Mogultalks crowdfunding and real estate in NAWRB's N Magazine.
  • Bazaarvoice CEO Stephen Collins writes about why Big Data needs big problems.
  • Finect's Jennifer Openshaw talks about social media and the coming deluge of hedge fund advertising.
  • Total Payments features Moven founder, Brett King, as he discusses the future of banking and payments.
  • Bank Innovation looks at Moven, Simple, GoBank, and the decline of personal checks.
  • TechPost considers the success Lending Club, SocietyOne, and Zopa have had implementing P2P lending platforms.
  • American Banker reports ID Analytics announces updated ID fraud software, ID Score.
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.jpgSimple celebrates first birthday with $1 billion in annual transactions.
  • Lendio will connect SMBs with ProfitStars' BusinessManager solution and LendingNetwork program.
  • 3Rivers is the first credit union to deploy Allied Payment Network's PicturePay mobile billpay solution.
  • ACI Worldwide partners with DBS to deliver online banking platform to corporate clients in Asia.
  • Payments Source reports: Virtual Piggy Enables Payments for Toy Robot Seller.
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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Today Simple celebrates the first birthday of its official launch. The Portland-based startup also announced that its 40,000 members are processing $1 billion in transactions per year.

Simple is known for its customer-friendly banking practices that give users an easy-to-understand view of their finances, better budgeting tools, and no overdraft fees.

In its blog post, Simple unveils the following stats:

    • It employs 72, having doubled the number of employees in the past year
    • More than 250,000 people have requested an invite to Simple
    • In the Goals feature, customers have accumulated nearly $100 million 
    • Simple's Visa debit cards have been swiped more than 2 million times
    • It has at least 1 customer in each state

VentureBeat states that CEO and Founder Josh Reich's only regret is that he wishes he would have added remote deposit check capture from the very start, instead of waiting until late November.

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To learn more about Simple, watch its initial demo at FinovateFall 2011.

  • Finovate-F-Logo.jpgBRE Bank, operator of mBank launches "new mBank", which is based on Meniga´s PFM.
  • U.S.-based life insurance carrier expands use of Kofax solutions by investing an additional $550k to automate document processing.
  • Personal Capital introduces new dashboard features.
  • Bank Innovation visits Dwolla's new office in NYC.
  • The Next Web reports: Simple launches its Goals feature on the iPhone.
  • Ping Identity named in IDG's Computerworld 2013 Best Places to Work in IT.
  • Zopa cuts personal loan rate to 4.9%.
  • QuantConnect adds FX, US equity tick data; raises capital.
  • MicroStrategy to partner with Hortonworks to improve Apache Hadoop usability.
  • ixaris shows off its new look and rebranding.
  • Web AppStorm reviews Kashoo's cloud-based accounting technology.
  • eDeposit teams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
  • LICUOS named a finalist in the Next Bank Madrid - Innotribe Startup Disrupt.
  • Fox Business News features Arxan CEO Mike Dager on mobile banking security.
  • Better ATM Services CEO Todd Nuttall talks about the "real lessons" from the Cyprus financial crisis.
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 12, 2013

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  • RIA Biz takes a look at BrightScope's plan to make advisory fees public.
  • DietBet.com crowdfunds more than $300,000 via SeedInvest. Join SeedInvest in San Francisco for FinovateSpring in May.
  • Finovate alumni make a strong showing in GoodApril co-founder's list of tax preparation innovation. Meet GoodApril at FinovateSpring.
  • VentureBeat features Ripple developer OpenCoin. See OpenCoin in action at FinovateSpring in May.
  • DroidBeans reviews Pageonce for Android.
  • Puget Sound Business Journal highlights the role of Realty Mogul in a local real estate deal. Join Realty Mogul at FinovateSpring.
  • PayPal buys Iron Pearl, a startup that helps companies make their products more attractive to customers.
  • Reuters looks at a case study of how FutureAdvisor is used to save for retirement.
  • PYMNTS looks at Kabbage's "secret weapon"
  • New York Times Business Day interviews Sabrina Parsons, Palo Alto Software CEO. Come to FinovateSpring to watch it demo LivePlan.
  • Channelnomics reports: Check Point Launch Makes Small Branch Foray.
  • Dwolla takes top honors at Prometheus Awards in Des Moines.
  • Massolution's Crowdfunding Industry Report places Lending Club and Prosper as leaders in the industry.
  • American Banker considers On Deck Capital's growth.
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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PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards.

Three Finovate alums were selected as overall Best in Show winners:

First place: Pangea Payments
  • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
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:

Gold

    • Category: Most innovative
    • Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
    • Finovate demo: FinovateEurope 2012
    • Category: Best credit
    • Innovation: The consumer's advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
    • Finovate demo: FinovateStartup 2009
    • Category: Best B2B innovation
    • Innovation: Online working capital for small businesses.
    • Finovate demo: FinovateEurope 2013
    • Category: Best SMB innovation
    • Innovation: Small business payment platform integrated with Quickbooks.
    • Finovate demo: Finovate 2009
    • Category: Best innovation via ACH
    • Innovation: Cash flow management, accounts payable/ receivable management platform
    • Finovate demo: FinovateSpring 2011
Silver
    • Category: Most invisible
    • Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Offers consumers "more time to pay" their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
    • Finovate demo: FinovateSpring 2011
    • Category: Best cash
    • Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
    • Finovate demo: FinovateSpring 2011
    • Category: Best SMB innovation
    • Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
    • Finovate demo: FinovateSpring 2012
    • Category: Best comeback
    • Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
    • Finovate demo: FinovateEurope 2011
Bronze
    • Category: Most disruptive
    • Innovation: Mobile checkout service that enables one touch payments across multiple applications.
    • Finovate demo: FinovateSpring 2011
    • Category: Best technology
    • Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today's biggest identity and personal information threats.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best newcomer
    • Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
    • Finovate demo: Finovate Startup 2009
    • Category: Best debit
    • Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
    • Finovate demo: FinovateFall 2011
    • Category: Best prepaid
    • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best check
    • Innovation: Mitek's patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the "gold standard" for mobile check deposit.
    • Finovate demo: FinovateSpring 2012
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We recently returned from the Bank Innovation conference in San Francisco, where the 2013 Bank Innovation awards were presented on Monday afternoon.

A panel of judges selected BBVA and Fidor Bank AG as 2 of 4 companies whose innovations made a difference in 2012.

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BBVA won for its BBVA Game that uses gamification to incent clients to use its banking services. Elements of the game include points, badges, and a leaderboard that come together in a virtual economy. In the 6 months since its launch, more than 100k customers have signed up. Watch the demo video of BBVA debuting its new Stockbuzz program at FinovateEurope 2013.

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Fidor Bank AG
Fidor Bank AG won for Like-Zins, a user-generated interest rate program. For every 2,000 Facebook likes that Fidor receives, it raises the interest rate on FidorPay checking accounts by 10 basis points per year (with a cap of 15% per year). So far, the Facebook community has increased the accounts by 50-70 basis points. Fidor demoed at FinovateEurope 2011.

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Also among the winners are:

  • Long-time Finovate sponsor The Bancorp Bank, which is the financial institution that backs both Moven and Simple.
  • SaverNation, a company that helps users fund their retirement by saving small percentages of their normal purchases.

See Bank Innovation's full coverage of all of the winners here.

  • American Banker reports: Union Bank signs up for Fiserv's Bill Pay.
  • Bolstr featured on MSNBC's Your Business.
  • Backbase gives a glimpse of the Digital Marketing Module it showed at FinovateEurope.
  • Triple Pundit looks at how the SEC is holding SoMoLend and other debt/equity crowdfunding platforms hostage.
  • CIO lists Expensify as 1 of 3 apps to help at tax time.
  • BellaDati releases updates to its platform.
  • Med Gadget interviews Diversinet CEO, Dr. Hon Pak.
  • Finextra reports Geezeo signs 1st United Services Credit Union.
  • CashStar announces availability of tablet gifting.
  • Android, iOS updates now provide card-to-card payments with Pageonce.
  • Dough Roller blog names PocketSmith one of the best calendar-based personal finance apps.
  • Continuity Control to partner with cbanc Network to provide regulatory briefing via RegAdvisor.
  • Koolspan and DeviceFidelity team up to build TrustSleeve, bringing microSD-based voice encryption to the iPhone.
  • Locaid and Life360 join forces to help parents stay in touch with their kids.
  • The Financial Brand highlights 50 of the most spectacular website designs in banking: Simple (formerly BankSimple), Standard Chartered, Mint, & Moven. See Netbanker's take on the list here.
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 4, 2013

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  • Online Broker Review takes a look at the TradeKing iPhone app.
  • Ayondo's investing and trading app TradeHub available on the iPhone.
  • Entrepreneur interviews Candance Klein, CEO of SoMoLend.
  • Brr Media interviews Kiboo founder and CEO Lisa Halpern.
  • TechCrunch chats with Simple CEO and co-founder Josh Reich to find out why Simple is better than your bank.
  • Lend Academy reports: Lending Club Issues $120 Million in New Loans in February.
  • American Banker reports: Bank of Zachary Selects Andera's Account Opening System.
  • Check Point positioned as leader for 16th consecutive year in 2013 Gartner Magic Quadrant for Enterprise Network Firewall.
  • The WSJ reports: SecondMarket to Launch Student-Loan Securities Platform.
  • Blippy for iPad available at the iTunes App store.
  • Comarch announced as a sponsor of Loyalty Expo 2013 in Orlando, Florida.
  • Prepaid Resources announces partnership with IDology.
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.
SimpleLogo.jpgLooking for the best in fintech innovation? According to American Banker, there's a Finovate alum (or three) for that.

Simple, Pageonce, and BBVA Compass were featured in a slide show highlighting the "top ten most progressive mobile banking apps."

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How did these three make American Banker's short list? According to the reviewers, "account application features, design, and ease of use" were among the main factors that helped distinguish the top ten (including these three Finovate alumni) from the rest of the mobile banking app field.

Watch Simple's most recent Finovate demo here. And Pageonce's presentation at FinovateSpring 2010 is here

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BBVA debuted stockbuzz.es on the Finovate stage in London at FinovateEurope in February.  Take a look at our Live Blog post from the event here.
  • Finovate-F-Logo.jpgMetaforic's self-defending software immune system named the Gold winner by Info Security Products Guide's 2013 Global Excellence Awards.
  • Worldwide Insure names Expensify the February Travel App of the Month.
  • TIO Networks expands Services with First Data's Money Network Prepaid Services.
  • Bloomberg Television interviews Klarna CEO Sebastian Siemiatkowski.
  • CashStar co-founder, CEO David Stone to lead panel on mobile shopping and gifting at Prepaid Expo.
  • AEGON Turkey insurance sales processes go mobile with Figlo tablet solution.
  • Lending Club appoints former Visa President as Director.
  • Apps from BBVA Compass, Pageonce, and Simple highlighted in American Banker's list of the top ten, most progressive mobile banking apps.
  • My Money Blog reviews Jemstep Portfolio Manager.
  • Co-founder and CEO of Birdback, Nicolai Watzenig named guest speaker at eDeal Summit.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate 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.jpgCommunityLend grows FinanceIt team.
  • Cartera Commerce appoints Brian Michon as CTO.
  • Mitek granted new patent for its mobile photo bill pay capabilities.
  • Geezeo partners with OSG Statement Services to develop a statement option that will allow PFM data to be leveraged in eStatements and printed statements.
  • GoBankingRates reviews Simple's banking service.
  • American Banker reports: Maine's Katahdin Trust Company selects Fiserv's core banking platform.
  • MoneyDesktop reports record year with customer growth of nearly 80% from 2011 to 2012 and a 4.5X increase in recurring monthly revenue.
  • Hallmark chooses Taulia to provide e-invoicing, dynamic discounting and supplier self-services.
  • FamZoo's prepaid card family pack featured in TIME.
  • Torsion Mobile integrates with Dwolla's payment network.
  • Dallas Business Journal reports that Device Fidelity has raised $1 million in debt financing.
  • TSYS to begin processing ATM transactions through the LINK network in the UK.
  • Azimo CEO Michael Kent explains the social remittance business in Pymnts.com Q&A.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Finovate-F-Logo.jpgCachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.
  • Finextra reports SafetyPay opens up to German-speaking markets.
  • Lendio reports 2012 growth metrics.
  • Expensify listed as 1 of 4 apps to helps save and manage your money.
  • TechFaster interviews BillGuard CMO Mary Anne Keegan.
  • Business Insider interviews Josh Reich, Simple founder and CEO.
  • Xero makes Bank Reconciliation available to Android users.
  • edo Interactive's new Marketplace platform targets small, local businesses.
  • Check out Finovate's infographic of FinovateEurope 2013 innovation themes.
  • Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.
  • SigFig-powered USA Today Money Portfolio Tracker launches in app store.
  • CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.
  • Continuity Control partners with Community BancService Corporation.
  • TSYS technology at work in Visa's Saral Money program in India.
  • Rabobank launches Figlo-powered widgets for online banking homepage.
  • BrightScope ranks top 25 law firms with highest-rated 401(k) plans.
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 30, 2013

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  • Jemstep launches new Portfolio Manager service.
  • Aite Group names ACI Worldwide "Vendor to Watch" in 2013.
  • Acculynk's PayLeap now features API developer integration tools.
  • Figlo is 1 of 16 companies to join a global alliance with Microsoft.
  • American Banker reports Simple Enacts New Security Features.
  • All Things D lists Tuition.io as 1 of 2 companies to help college grads with empty pockets.
  • Netbanker reports: Movenbank Provides a Peek at its User Interface. Come check it out at FinovateEurope, less than 2 weeks away.
  • Experian extends Precise ID fraud prevention to online Social Security related 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.

Finovate Alumni News-- January 25, 2013

  • Silicon Valley Business Journal interviews BillFloat CEO and co-founder Ryan Gilbert.
  • Commercial Bank of Qatar to deploy latest version of TSYS card and merchant management platform.
  • TransferWise wins "Best Middleweight Startup" at The Europas.  See them demo at FinovateEurope in February!
  • Concur rolls out new datacenters in France and the Netherlands.
  • Santander receives 2012 Banking Technology Award for Best Security Initiative for its SIM swapping solution, developed with ValidSoft.
  • UK's KashFlow integrates with Tradeshift to enable SMBs who use its cloud-based accounting software.
  • The Paypers reports: Geezeo enters 2 new partnerships.
  • VatorNews considers what's next for Lending Club.
  • Cachet Financial Solutions partners with Volunteer Corporate to provide mobile RDC to their 325 member CUs.
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.
SimpleLogo.jpg

Alternative banking platform, Simple announced the launch of its Android app yesterday.

Simple notes that designing the app was "an opportunity to reimagine the Simple mobile experience." It has a noticeably different feel than the iOS app.

Here are some screenshots:


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The free app is available on GooglePlay for Android 2.3.3 and higher.

To learn more about Simple, watch its FinovateFall 2011 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple and Jwaala's natural language search.
  • Metaforic extends its app protection system to be compatible with the upcoming BlackBerry 10 operating system.
  • Plastyc powers online banking and payments services for H&R Block, launches new white-label service.
  • Andera increases sales bookings by 59%, sees 5x increase in oFlows customers.
  • Cambodia's leading commercial bank adopts Temenos Group technology upgrade.
  • Fiserv completes acquisition of Open Solutions.
  • AppShopper features eDeposit's first mobile app.
  • Edelweiss Securities launches real time news terminal powered by Heckyl Technologies.
  • Google Analytics touts Kapitall's content experiments.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- January 9, 2013

  • Gartner highlights Comarch Commission & Incentive in recent report.
  • FIS announces expanded relationship with Modern Woodmen Bank.
  • TomTom uses Keynote DeviceAnywhere for real-time performance monitoring in Paris.
  • The New York Times features Simple's approach to customer service.
  • Check Point Software Technologies introduces new ZoneAlarm 2013 security product line, integrates Facebook Privacy Scan.
  • MyBankTracker looks at Movenbank's new site layout. Come see Movenbank's live demo at FinovateEurope Feb 12 and 13.
  • Daily Tekk interviews Brendon McQueen, CEO of Tuition.io.
  • eToro launches new version of its WebTrader platform.
  • Dwolla introduces new look, allows users to apply for higher transaction limits.
  • Cardlytics opens office in San Fran, appoints new SVP of Marketing. Come see Cardlytics demo at FinovateEurope next month.
  • CNBC interviews Barry Silbert, SecondMarket CEO, to understand why entreprenuers avoid IPOs.
  • Bank Systems & Technology considers how NICE's newest solution uses voice recognition to prevent fraud. Come see NICE demo its new tech live at FinovateEurope in London February 12 and 13.
  • Biometric Update highlights a year of new customers and pilot projects from VoiceTrust.
  • TechCrunch features a video interview with Betterment CEO and founder, Jon Stein.
  • Experian announces deal to provide address and mortality screening services to Guardian 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.

Finovate Alumni News-- January 7, 2013

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  • ACI Worldwide launches ACI Money Transfer System 5.0.
  • Suncorp Bank chooses FIS to manage ATM and POS transactions
  • 500Friends to integrate LoyaltyPlus platform with Bazaarvoice.
  • Financial Edge Community CU partners with SaveUp.
  • Mitek issued new patent for "Methods for Mobile Image Capture and Processing of Documents".
  • The Financial Brand checks out the "Simple" way of banking.
  • The New York Times looks at SoMoLend's take on crowdfunding, seeking out institutions to serve as lenders.
  • New York Times looks at Enloop's hassle free business plan writing service.
  • The Telegraph highlights TransferWise as a cost-saving option for overseas money transfers.
  • Luxembourg's Nordea Bank picks Temenos to standardize IT infrastructure.
  • GMC Software Technology helps Gala Bingo move to "third generation" bingo tickets.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAs part of its mandate to develop innovation and entrepreneurship in the consumer financial marketplace, the Consumer Financial Protection Bureau is calling on the help of three Finovate alumni.

BillGuard, Plastyc, and Simple are taking part in the first phase of the CFPB's Project Catalyst, which has three goals: 

  • Establish firm lines of communication with innovators
  • Understand new and emerging products in the market
  • Engage with innovators
In a statement, the CFPB noted that the "data-driven agency ... always wants to learn more about what innovators are discovering about consumer wants, needs, and practices."

To that end, here's a quick key to what each company does and how each will contribute to the project.

Bill Guard

Bill Guard provides consumers with email alerts to warn of questionable activity in their debit or credit accounts. As part of Project Catalyst, BillGuard will be providing data on customer complaints and dispute resolution.

Watch BillGuard's most recent Finovate demo here.

Plastyc

Plastyc provides an online-based, prepaid card that serves as an alternative to traditional checking accounts. Here, the CFPB is hoping to learn more about how consumers are using remote mobile check deposit, as well as the importance of immediate access to deposited funds.

To see Plastyc in action, watch their Finovate demo here.

Simple

Simple is a virtual bank that provides checking, savings and debit-card functions via a state-of-the-art user interface. Simple's Goals savings program, which allows customers to make daily, set-aside contributions toward an eventual purchase, is largely what the CFPB is looking to study.

Simple debuted at FinovateFall 2011. Watch their demo here.

Note that while all three companies are sharing data with the Consumer Financial Protection Bureau, no personally identifiable information will be included.

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  • Cardlytics platform deployed by America FCU to provide targeted rewards to its members.
  • Vermilian's bancapp technology to power EECU's mobile banking and marketing smartphone app.
  • Dwolla promotes its platform by giving $10 in waived transaction fees for every friend you refer through the end of the year.
  • Xconomy looks at what SoMoLend discussed at the recent New York Enterprise Technology meetup.
  • Bank Innovation takes a look at what PayPal's P2P for Financial Institutions means for the payments world.
  • AppShopper highlights a new app from Billhighway, Give, now available for the iPhone.
  • Netbanker looks at how Simple makes banking interesting.
  • Merger mechanics continue as Zecco accounts move to 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.
  • 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 14, 2012

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBellaDati opens its first international office in Seoul.
  • Klarna co-founder and deputy CEO talks Square and the business of payment processing.
  • Sparkroom wins Readers' Choice Top Product award.
  • Simple doubles per-transaction limit on its debit cards.
  • Investors Business Daily profiles FIS chairman and CEO Frank Martire.

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 features Simple (formerly BankSimple).
  • HID Global and BehavioSec join forces to add new layer of protection to fraud detection system.
  • Entrepreneurial Finance Lab reflects on FinovateAsia.
  • Personal Capital working with Pershing Advisor Solutions to make the sign-up process for investment clients even easier.
  • Lending Club debuts low-interest, fixed-rate personal loan platform to Indiana residents.
  • CashStar partners with Punchbowl to provide eGift-enabled digital greeting cards.  
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.jpgAmerican Banker looks at how UMB is implementing Dynamics' ePlate card technology.
  • peerTransfer rolls out international payment solution to the K-12 (kindergarten through twelfth grade) education market.
  • InComm Canada launches No-Fee Vanilla Prepaid Product Line.
  • The CUNA Technology Council presents MoneyDesktop with Best of Show Award at the 17th Annual CUNA Technology Council Conference.
  • Cachet Financial Solutions powers Simple's Remote Deposit Capture.
  • STL Beacon reports SoMoLend blazes new funding path in St. Louis through loans.
  • Expensify launches new feature: Commercial Card Reconciliation.
  • Desert News reports Virtual Piggy helps parents control children's online spending.
  • VentureBeat reports Equifax buying CSC's credit-services biz for $1B in cash.
  • Banno partners with ProfitStars to offer remote deposit, integrated bill pay.
  • Thomson Reuters upgrades user interface, functionality for FX Matching platform.
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-- November 30, 2012

  • Expensify now lets users submit employee expense reports to bill.com.
  • Simple (Formerly BankSimple) Rolls Out Mobile Check Deposit.
  • Virtual Piggy appoints Joseph Dwyer, former software executive as CFO.
  • VentureBeat reports Kabbage wins CloudBeat's Innovation Showdown.
  • Acculynk announces full integration of recent acquisition, PayLeap.
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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