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Finovate Alumni News-- April 26, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSeventy2Minutes reviews TransferWise as a PayPal alternative.
  • Wallaby Financial to participate in Frequent Travel University educational event. See them demo at FinovateSpring.
  • Credit Agricole's social media bank celebrates its second year.
  • Social investment network eToro reaches 50 million trades.
  • Access Softek and Geezeo partner to integrate Access Softek's mobile banking with Geezeo's PFM.
  • Guardian Analytics unveils FraudMAP Wire product to prevent wire tap.
  • San Francisco Business Times names Taulia one of the 2013 Best Places to Work in the Bay Area.
  • VentureBeat reports Bill.com has converted more than 40% of its customers from checks to electronic ACH transactions.
  • American Banker reports: Actiance Updates Social Media Management 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.

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 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-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.jpgDallas Business Journal reports PayTap helps split bills among friends, family.
  • Taulia to provide e-invoicing and supplier self-services to real estate market.
  • Ping Identity announces annual bookings grew more than 50% for the third consecutive year, cites other growth metrics.
  • Locaid to provide geofencing, location authentication for GTECH.
  • Nationwide shares pointers on how to use eDeposit.
  • ACI Worldwide announces winners of its 2013 Excellence Award.
  • Bazaarvoice to help UK furniture retailer Harveys execute social media strategy.
  • CurrencyFair wins "Start up of the Year" in The Next Web's Irish Startup Awards competition.  See them demo at FinovateEurope in London!
  • In this Forbes piece, BankersLab CEO and Co-Founder Michelle Katics gives a crash course on what it's like to take a startup global.
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.
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  • Xero's new release includes new features: email templates, payments terms & outstanding statements.
  • Purchasing Insight blog features Taulia.
  • Financial Advisor Magazine considers EFL's approach to determining risk in entrepreneurs.
  • Business Insider recommends using Enloop to help draft business plans.
  • Expensify gets a shout-out on NBC.
  • Intern Match blog suggests using planwise.
  • PC Mag recommends keeping Dashlane in your security toolkit.
  • Wipro announces launch of SmartOffers solution demoed at FinovateAsia.
  • Virtual Piggy enters into Partnership with WorldPay to further expand Virtual Piggy eCommerce service in the international marketplace.
  • Tyfone and IQT sign strategic investment and tech development deal.
  • Fenergo wins Best Customer Onboarding Solution award.
  • DeviceFidelity extends Good Vault identity and access management system to iPhones. 
  • Experian to help media giant Sky optimize customer prospect-marketing data.
  • Compass Plus earns high marks in annual PayX report.
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.jpgBazaarvoice unveils newest edition of its Bazaarvoice Connections offering.
  • Yodlee Interactive doubles annual growth in its API business.
  • Filene conducts independent review of SaveUp program.
  • GigaOM reports PayPal offers small businesses simple Bill Me Later financing option.
  • Taulia teams with SAP HANA & Amazon Web Services.
  • Equifax introduces EFX Link, advanced customer data integration solution that gives a 360-degree view of customers.
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.jpgCU Insight reports CU Solutions Group partners with SaveUp.
  • mFoundry announces cloud-based Fin.X solution.
  • Taulia featured on Start-ups and Technology: Real Game-Changers presented by SAP.
  • Kashoo CEO, Jim Secord, gives company update.
  • AOL Daily Finance reports Dynamics and UMB increase experience provider rate to 0.5% for ePlate payment system.
  • Business Insider goes behind the scenes of LearnVest's latest product launch.
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.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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPayPal, Kabbage top PYMNTS.com's Slate of Innovator Award Winners.
  • Aria Assistance chooses Affinity Solutions to provide legal services.
  • Toy News reports Kids' online payment tool Virtual Piggy grows. Come to FinovateFall to check out Virtual Piggy.
  • Taulia featured on SAP's In the Cloud with Game-Changers to discuss how startups are "changing the game".
  • Gamify For The Win features PlayMoolah. Come see PlayMoolah's live demo at FinovateFall.
  • Forbes explains how Candace Klein, SoMoLend CEO, succeeds at 5 minute pitches.
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.jpgCortera launches B2B Purchase Insights solution to enable sales, marketing & finance execs to research & understand customers.
  • American Banker reports: Guardian Analytics Offers Behavior-Based Fraud Prevention. Come to FinovateFall to check out its new technology.
  • miiCard joins Open Identity Exchange to help develop online trust standards.
  • Spa & wellness eGift cards by Spa Week available through CashStar's B2B Partner Network.
  • Verallia North America chooses Taulia to provide dynamic discounting to supplier network.
  • Commercial Business Systems & RC Olmstead partner with MoneyDesktop. Come see MoneyDesktop's live demo at FinovateFall.
  • SoMoLend launches small business competition.
  • Mashable features LearnVest. Check out their live demo at FinovateFall.
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.jpgVirtual Piggy adds security service for parental consent of website use.
  • Cincinnati.com reports how SoMoLend helped a local business receive funding.
  • CU Times examines how Northwest FCU is using Digital Mailer's web-based deposit box solution. Come see Digital Mailer at FinovateFall.
  • Barron's looks at TradeKing's post-merger plan.
  • Huffington Post examines how BillGuard uses crowdsourcing.
  • CU Times reports: Kasasa Bids to Go Nationwide.
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.jpgTaulia provides Dynamic Discounting platform to Northgate Information Solutions.
  • OANDA's trading app integrates StockTwits social commentary on currency & forex markets.
  • TMC reports Locaid aids enterprises with secure location needs.
  • Forbes publishes facts and stats about payment gateway, Braintree.
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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Earlier this week, dynamic discounting platform, Taulia announced a partnership with Northgate Information Solutions.

Through the partnership, Taulia will provide self-service capabilities to Northgate's supplier base, including:

    • E-invoicing
    • Full automation of purchase-to-pay processes
    • Comprehensive visibility into the invoice process

To accomodate Northgate's global supplier base, Taulia's platform integrates with Northgate's SAP ERP system to enable invoice compliance across country borders. This allows Northgate to provide the same level of extensive functionality, automation and visibility to its vendors regardless of their country.

To learn more about Taulia, watch its FinovateSpring 2012 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKashoo signs accountant.org to its MVP program.
  • The WSJ looks at SecondMarket's life after the Facebook IPO.
  • 2 Minute Finance gets a personalized demo from Cardlytics.
  • Virtual Piggy moves headquarters to Hermosa Beach.
  • Taulia and Cloud Trade join forces to ease invoice process for buyers and suppliers.
  • peerTransfer partners with Educational Computer Systems (ECSI) to broaden its reach.
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.
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Last week, online invoicing company Tradeshift, and dynamic discounting platform, Taulia, announced a partnership aimed to ease the invoicing process for both buyers and sellers.

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The partnership will enable businesses of all sizes to manage e-invoicing and Dynamic Discounting through a single platform.

Taulia CEO, Bertram Meyer, states:

"This alliance with Tradeshift is exciting, as it brings their excellent supplier facing solutions, as well as our best-in-class dynamic discounting right into SAP, and allows a richer, real, right-now solution for SAP users while extending savings and benefits to Tradeshift's customer network."

To learn more about Tradeshift and Taulia, watch Tradeshift's FinovateEurope 2012 demo and Taulia's FinovateSpring 2012 demo (coming soon).

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCU Times reports Ensenta & MShift partner in joint mobile banking & RDC deployment at 5 CUs.
  • Pacific Daily News recommends Mint.com Buxfer, or Budgetpulse for new grads to keep track of spending.
  • BankNXT looks at FinovateSpring Best of Show demos and Simple's new app.
  • Taulia & SAP partner for dynamic discounting services.
  • Seattle's KOMO News covers BillGuard.
  • Wall Street Journal suggests Mint, Credit Karma, HelloWallet & LearnVest as tools for financial novices.
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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Afterwards, Taulia demonstrated how its Early Payment Network can help businesses get paid faster:

"Taulia is an expert in Early Payments through Dynamic Discounting. We are launching our Early Payment Network, which expands the power of Early Payments beyond our existing network to every business. The combination of our knowledge of Dynamic Discounting, our network of financing sources, and our new API allows us to extend our Early Payment Network to users of any accounting system, ERP software or e-invoicing network. In fact, any financial software provider can now offer Dynamic Discounting directly to their install base via the new Taulia-powered API. A very simple, one-time integration opens the door for the financial software provider to instantly share in the revenue generated by Early Payments."

Product Launched: May 2012

HQ Location: San Francisco, CA
Company Founded: July 2009
Metrics: $11.7M raised, 50+ Full-time employees, user base that extends to over 40 countries
Website: taulia.com

Introducing Ian Sweeney (VP of Product) and Markus Ament (Chief Product Officer)

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  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDoughMain launches savings tool for kids.
  • Actiance expands platform with vantage for Microsoft SharePoint. Come see Actiance at FinovateSpring next week.
  • The Des Moines Register reports Social Money is set to more than double its workforce, hiring 35. Check out Social Money's live demo at FinovateSpring.
  • Spend Matters covers Taulia (part 2). Watch Taulia demo at FinovateSpring.
  • Your Finances Simplified blog lists the top 11 reasons you should use Yodlee MoneyCenter.
  • Gamification of Work blog explains how Bobber Interactive makes personal finance engaging.
  • Credit Union Times reports Q2ebanking Integrates Trusteer Malware Protection.
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.

Earlier this week, we attended the Future of Money conference in San Francisco. Over 20 Finovate Alumni companies were represented in the audience, and many of them presented or were included on panels.

During the conference, we gathered tidbits from some of the companies. Here are a few highlights:

Personal Capital
Bill Harris, CEO, (pictured below) spoke about how wealth management needs to be more virtual, secure, and personal. He provided some stats 
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about the wealth-management platform:

    • Average account size nearly $500,000
    • Operates on a freemium model with $100,000 minimum account size
Mike Alfred, Co-founder and CEO, (pictured right) commented on BrightScope's role in the advisor business:

    • Seeks to bring transparency to the market
    • Helps consumers steer away from "funds that suck"
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Bo Lu, Co-founder and CEO, (pictured right) commented on FutureAdvisor's platform:

    • Makes the advisor process more convenient than traditional advisors
    • Scales the advisor process to take less of a percentage than traditional advisors
Bertram Meyer, CEO, (pictured below) discussed how Taulia helps small businesses 
get paid faster:

    • The platform is free for suppliersIMG_1093.JPG
    • Charges corporations (buyers) for either:
      1. A license subscription
      2. A gain share from the additional discounts earned against the target rate
Tradeshift
Christian Lanng, CEO and Founder, (pictured right) described Tradeshift's platform:

    • It differs from banks because it has the ability to sift through the data that backs both the buyers and suppliers
    • The platform is free for suppliers
    • It sells connectivity to buyers as a SAAS platform to connect with supply chain
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Priya Haji, CEO and Co-founder spoke about SaveUp's user base:

    • Skews towards users in their 20s and 30s
    • Half male, half female
    • Middle to upper-middle class
    • Average income ranges from $75,000 to $125,000
    • 30% of users are on the site every day
    • 60% of users are on the site every week
To learn more about these companies check out their demos:

  • 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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More than 60 leading fintech innovators, both startups and established companies, are gearing up to present at the annual FinovateSpring conference in San Francisco May 8 and 9.

Each company provided a sneak peek of what they'll demo on stage 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 FinovateSpring ticket here.

____________________________________________________________________


Balance Street

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The premier direct marketplace between consumers and creditors for the purpose of debt settlement, Balance Street, provides consumers the opportunity to relieve their debt burden without fees. Consumers use its web-based automated system to negotiate with creditors directly, avoiding debt settlement companies who charge exorbitant fees (up to 20% of total debt owed).

Eliminating this 20% market inefficiency makes for a better financial outcome for consumers and creditors. With over $780 billion in credit card debt in the U.S., the Balance Street technology will revolutionize the way debt is settled.

Innovation type: Cards, marketing, PFM


Bazaarvoice

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See how leading brands are harnessing the power of online word-of-mouth to boost customer referrals, sales, retention, advocacy, and company innovation while building the world's most powerful social data asset.

Innovation type: Communications, marketing, sales and customer service


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BehavioSec

No one wants a complicated process for logging in to online or mobile banking. European banks have been forced to go down this route with hardware tokens and smart cards.

So now when U.S. banks will be rolling out new multi-layered security on the front-end following FFIEC, will we see the same thing here?

With BehavioSec's solution there is a better choice. They add multilayered security through the use of behavioral biometrics. So when the user connects via mobile or online, the technology helps verify that they are who they say they are. Learn more at FinovateSpring 2012.

Innovation type: Identity, mobile, security


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BillGuard

BillGuard identifies deceptive, erroneous and unauthorized charges on consumer payment cards using advanced crowdsourcing and big-data mining techniques that harness the collective knowledge of millions of consumers reporting billing complaints online and to their banks. 

BillGuard's Advanced Card Protection Service for Banks is a seamlessly integrated, cloud-based solution that enables issuers to generate new value-add service revenue, and lower inquiry/dispute processing costs, by providing their customers daily bill monitoring and notification, enriched transition details and direct-to-merchant resolution.

Innovation type: Cards, communications, online UI


CoverHoundLogo.jpg
CoverHound is changing the way people shop for insurance online. Launching at FinovateSpring, CoverHound's new rate comparison shopping service allows consumers for the first time to compare multiple, instant, accurate rates from top carriers. CoverHound will also be demonstrating an exciting array of products specifically designed to help banks and credit unions generate significant non-interest income while providing a valuable service to their members.

Innovation type: Insurance


eDepositLogo.jpg
Never before has it been so easy for companies to provide business and retail customers with a way to validate creditworthiness through the use of online deposits. eDeposit provides patented funds visibility and real time settlement to markets across the U.S. in an innovative, new form of payment.

At FinovateSpring, eDeposit announces a new innovation that makes conducting B2B and B2C e-business faster, cheaper and safer.

Innovation type: Payments, security, small business


edoInteractiveLogo.jpg
From "check-in to check-out", intersecting the worlds of Payments and Advertising, edo takes the next step forward in its vision to transform shopping and saving.  

This next wave connects mobile and multi-channel retail . . . imagine a world where purchase and location meet and the new standard for mobile advertising moves from "check-in" to "check-out."

Innovation type: Marketing, mobile, rewards


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Expensify <3's Finovate -- they view it as the premier stage on which to make their biggest announcement of the year. Three years ago, it launched an open beta on the Finovate stage. Two years ago, it unveiled a major realtime analytics feature. One year ago it launched a revolutionary SmartScan service. But this year will trump all that.  A whole new approach to business travel. Prepare yourself!

Innovation type: Back office, mobile, small business


FutureAdvisorLogo.jpg
Most investors have assets spread across financial institutions and accounts, including limited-option accounts such as their employer's 401(k) plan.

Managing this is a chore - including figuring out which funds, in which amounts, and rebalancing.

Well, it was a chore, before FutureAdvisor.

Innovation type: Investing and asset management, online, PFM


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Giftly is inventing the future of the gift card. Using its new iPhone app, users can send anyone a Giftly for any place they choose. The recipient redeems it on their smartphone when they go. It's fast, fun, and secure.

Giftly's app and web products have been designed to be social, simple, and powerful. Thanks to Facebook, Foursquare, and smart iOS integration, you'll always know which friends are celebrating birthdays, are checking in to cool new places, or are otherwise in need of a quick gift.


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Is it possible to separate the fun of buying from the nuisance of paying? Klarna thinks so. The idea behind Klarna's e-commerce services is the concept of after-delivery payment, letting buyers receive ordered goods before any payment is due. Instead of giving financial information, buyers shop with Klarna just by giving their name and select information (Klarna calculates the risk).

Innovation type: Payments


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Linkable Networks will be debuting a first-to-market capability that significantly broadens the value proposition of card-linked offers to issuing banks, merchants, manufacturers, and cardholding consumers. In addition, Linkable Networks will demonstrate new features recently added to its product platform and user interface.

Innovation type: Cards, mobile, rewards


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MShift believes that financial institutions need to enhance existing mobile banking solutions into mobile wallet and payment solutions.

At Finovate, MShift will demonstrate how mobile banking can influence how a consumer spends money in various retail scenarios.

Innovation type: Banking, payments, small business


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Your customers go mobile with smartphones and tablets. When they cannot fulfill their needs in mobile self-service, do you jump in at the right time to help them complete their business? Do you want to maximize the opportunity for smart customer experience and increased business via smart mobile devices (while reducing costs)? NICE Mobile Reach can do that for you. Don't miss its demo at FinovateSpring.

Innovation type: Mobile, sales


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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 presents all of your financial data in one place, including an assessment of your allocation, investment risk and fees.

These days, the financial lives of Americans are becoming more and more complex. At FinovateSpring, Personal Capital will unveil core new features that enable you to access your financial data in real time, on-the-go. You'll be able to view and do, anywhere, anytime.

Innovation type: Investing, mobile, PFM


pindropLogo.jpg
Pindrop Security provides enterprise solutions that help prevent phone-based fraud. Pindrop's acoustical fingerprinting technology detects fraudulent calls and authenticates legitimate callers, helping customers eliminate financial losses and reduce operational costs. Pindrop's breakthrough technology is the first of its kind to fingerprint individual phone calls, providing verification of caller provenance. 

Recently named one of the 10 Most Innovative Companies at the 2012 RSA conference, Pindrop's solutions help companies feel more confident in the security of phone-based financial transactions.

Innovation type: Identity, security


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Easily administer and coordinate your annual budget with Budget Manager from ProfitStars. ProfitStars takes the headaches, and the spreadsheets, out of the budgeting process and optimize the efficiency and effectiveness of budgeting and planning.  

The company will show you how this newly redesigned browser-based version enables users to construct and manage a more efficient budgeting process, including how to tackle more difficult items like salaries and fixed assets.

Innovation type: Banking


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Discover a new Facebook app for banks that will not only make you relevant and engage Facebook users, but will also get your customers recommending and endorsing your card products.  It drives great loyalty from existing customers and also helps to devise new customer acquisition --all through Facebook. 

Serverside does this by letting people design their own credit or debit card using a picture from their Facebook gallery, then post it to their Facebook wall. Their friends then click on the card image to design their own card and help your bank to go viral!

Innovation type: cards


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Social Money can provide any bank in the world its own branded version of our revolutionary and award-winning SmartyPig technology. A new bank can be up and running on our system within 90 days in any language and currency, for a fraction of the cost of internal development efforts.

Innovation type: Banking products, PFM


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The dawn of compliance solutions that work.

Meet Molly. 115 different people use Molly's SSN.
Financial institutions have no idea who these people really are.

This is possible because FIs and so-called identity protection companies can only verify identity. Verification is not enough. Full identification is needed to fight fraud and provide FIs the means to meet compliance requirements. Only Financial ICONN from TASCET can identify financial customers.

Once Molly activates her ICONN, TASCET proactively secures her identity and FIs know exactly who she is.

Innovation type: Identity, security


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Taulia takes the waste out of the supply chains of Fortune 500 Enterprises while simultaneously solving the cash-flow needs of their suppliers. The large enterprise buyers get discounts by paying their invoices early. In return, their suppliers get paid when they want. In Taulia's young life, it has already enabled small suppliers from 40+ countries around the world to receive hundreds of millions of dollars of early payments.

Innovation type: Lending, payments, small business


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The Under-18 audience has an estimated $50 billion in spending power. Learn how to successfully monetize the kids/teen market in this powerful demo by Virtual Piggy, an exciting new company that provides innovative technological solutions to help bridge the gap between children, parents and online retailers.

Innovation type: Payments


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Wall Street Survivor is the only place for the beginner to learn about investing. Guided missions, beginner-focused learning content, combined with the web's best stock simulator help users effectively manage their financial future.

Innovation type: Investing & asset management, marketing, PFM


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Mobile commerce is estimated to be a $31 billion industry by 2015, but how will the underbanked participate? Wipit has unlocked mobile payments for this massive and largely untapped consumer demographic representing 25% of all U.S. households and over 70 million U.S. prepaid wireless subscribers. Underbanked consumers can now make in-app and online payments with a single click. No need for bank accounts or credit cards; Wipit lets underbanked consumers use their payment method of choice-- cash.

Innovation type: Cards, payments


Stay tuned next week for another sneak peek of FinovateSpring 2012 presenting companies.

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