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 Finovate Alums take the stage at the Future of Money Conference 2012.
- Netbanker: Pageonce Removes Billpay Subscription Fee in Favor of Per-Transaction Pricing.
- Hypebot.com followed Personal Capital, Intuit, Boku, Tradeshift, and CashStar at the Future of Money Conference.
- Backbase & GFT sign European partnership agreement.
- State of Washington picks Doxo for paperless files.
- BehavioSec chosen as one of the "Cool Vendors" in Identity Access Management, 2012 report by Gartner.
- Alpena Alcona Area CU selects MoneyDesktop's PFM to offer members a better online banking experience.
- Northwoods CU signs onto Cachet Financial Services' mobile remote deposit capture.
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 CapitalBill Harris, CEO, (pictured below) spoke about how wealth management needs to be more virtual, secure, and personal. He provided some stats  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"
 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 suppliers
 - Charges corporations (buyers) for either:
- A license subscription
- A gain share from the additional discounts earned against the target rate
TradeshiftChristian 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
 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:
- peerTransfer partners with Boston College.
- L' atelier reports FreeMonee brings banks, customers & businesses together through promotional offers.
- The Washington Post interviews Dwolla's Ben Milne.
- Amex partners with InComm to reload its prepaid cards.
- Spend Matters explores how Tradeshift's Cloudscan makes e-invoicing sexy.
- Business Insider shares how to use JemStep to see if your broker is wasting your money.
- ReadyForZero helps users pay off $12.5 million in debt, launches savings platform.
- Kabbage partners with drop ship wholesaler Doba.
- AlwaysOn selects Bill.com as a 2012 OnDemand Top 100 winner.
This post will be updated throughout the day as news and developments emerge. You
- BrightScope adds Josh Brown, financial advisor & author to advisory board.
- AppStorm shares how Enloop can help you move your business into the VC world.
- GigaOM rumors that PayPal will launch a mobile payment dongle to compete with Square and Intuit.
- The Urban Twist lists HelloWallet as one of seven scorching hot tech startups in D.C.
- INTTRA, independent transactional network for ocean freight, and Tradeshift partner to help manage ocean freight invoices.
- Entrepreneur lists Kashoo & Xero as 2 of 4 online apps that can be handy for tax time.
- Backbase announces most successful year to date, doubling software revenue & adding multiple tier-1 customers.
- eToro closes $15 mil funding round led by spark capital.
- CashStar upgrades web gifting interface.
This post will be updated throughout the day as news and developments emerge. You
 Yesterday, Tradeshift introduced CloudScan, a product that brings invoicing online by removing the need to manually input invoices: "Tradeshift CloudScan users can provide suppliers with a unique email address through which any document received is automatically converted into Tradeshift's open digital format and appears seamlessly on the e-invoicing platform. By crowd-sourcing the validation of this data, businesses eliminate the process of laborious manual entry, while suppliers are paid more quickly than through conventional and sluggish approval processes." 
CloudScan is free for suppliers and will launch in Spring of 2012. To learn more about Tradeshift, watch its FinovateEurope 2012 demo (coming soon to Finovate.com).
- HelloWallet signs with Mercer to provide PFM tool to employees.
- The Glass Hammer profiles Lynne Laube, President & COO of Cardlytics.
- Desert News highlights ReadyForZero's creativity in helping consumers understand credit card debt.
- Money Marketing looks at practical ideas from FinovateEurope, uses Meniga as example.
- Heartland Bank selects ID Theft 911 to provide ID theft protection management, and resolution services to customers.
- Business Centric Services Group and partners launch new training workshop to empower businesses to market online.
- Tradeshift introduces CloudScan to simplify invoicing.
This post will be updated throughout the day as news and developments emerge. You
- SimpleTuition wins the BostInno Insider Award for best higher education blog in Boston.
- TechCrunch reports TradeShift launches instant payment solution.
- Boston Business Journal covers Cartera Commerce card-linked offers.
- Cartera Commerce Card-Linked advertising network generates over $1 bil in merchant sales in 2011, more than previous 4 years combined.
- Tech.li looks at how Expensify takes control of expense reports with less "suck."
- InvestorBee launches Compare Investments tool.
- BOKU works with MasterCard to launch mobile payment platform.
This post will be updated throughout the day as news and developments emerge. You
 Here's @Finovate's live Twitter stream from FinovateEurope on Tuesday, February 7.
Entries appear in chronological order:
Session 1
- Here's the first Finovate demo. Nutmeg launch: "Investing the way it should be." Link
- Nutmeg walking through investment goal setup; red popup tells you if you are drifting away from your goals and what to do about it.
- Ping Identity launching methods for banks to integrate with social networks.>> huge priority for future. Link
- Ping Identity demoing Facebook integration in account-opening process; has a number of integration ideas in the works with clients.
- At Finovate, PayPal and la Caixa are launching PayPal account opening in 30 seconds by choosing email address and password. Link
- Have found that PayPal account opening within la Caixa Bank environment increases account setup success by 2x to 3x.
- iBrokr AG, unit of Fidor Bank, is launching Stockbattle: Social betting on stock market. Link
- iBroker demoing 1-euro bet on the stock value of a German company; has Facebook integration to share the bet to find a counter bet.
- iBroker is easy, transparent, fun and accessible. A wildly innovative service to offer within an online banking or investment account.
- BCSG is launching CreditHQ represents, a better way for small businesses to handle credit management. Link
- BCSG's CreditHQ demoing credit management dashboard; has integration with collection agency to help followup with late payments.
- Backbase launching major new features in Bank 2.0 portal including targeting to customer segments. Link
- Backbase has cool widgets targeted to segments, showing student page mockup. Working with ABN AMRO, ING, DB, Barclays, and Visa.
- Fenergo demoing "deal manager," client on-boarding and KYC compliance solution for corp banking/investments. Link
- Fenergo showing dashboard to build the "credit pack" to pass to underwriting and back office departments; shows work-flow backlogs.
- Service2Media and Rabobank introduce mobile payments via an existing banking application. Link
- Service2Media showing cool mobile features: OCR recognition, "drag and drop" coins across page; "shake to clear."
- CurrencyFair launching peer-to-peer foreign exchange transfers with its QuickTrade. Link
- CurrencyFair demoing a foreign exchange transaction, in this example a 68 GBP savings on 2000 GBP exchange; great user interface.
- CurrencyFair has processed 90 million Euros, currently doing 0.5 million per day and growing quickly.
- Holvi demoing "group account" replaces bank account with smart payment account designed for any group. Link
- Holvi account assists groups with raising money, distributing cash, processing expense reports and tracking/ categorizing/ sharing it.
- Holvi can also be used for group to setup online store for donations, t-shirt sales and so on; 58% of consumers involved in groups.
Session 2
- We are back from break with Etronika showing voice, face and gesture recognition technology. Link
- Etroinka demoing logging in via voice intro then authenticated with facial recognition; also showing gesture/voice navigation.
- miiCard demoing new online Identity verification system to ease account opening and ID authentication. Link
- miiCard demoing how it takes existing banking relationship to validate your identity; done in 5 to 10 minutes; then can share.
- Mootwin launching one-stop-shop for mobile financial needs; demoing iPad app. Link
- Mootwin showing streaming video on tablet; can communicate directly with financial adviser within UI; working with Cortal Consors.
- Actiance showing dashboard for publishing to social media networks. Link
- Actiance demoing dashboard in Socialite Engage that shows engagement with users; has tools to track overall program across company.
- Fiserv is showing Mobiliti M-Cash service in use by ANZ; demoing mobile payment to non-ANZ customer. Link
- Fiserv demoing M-Cash white label mobile payment service; entire process takes about 30 seconds; now showing online m-payment.
- Aimia & Cardlytics launching transaction-based marketing platform; Aimia is investor in Cardlytics. Link
- Cardlytics demoing their in-statement-offer UI within a live PNC Bank account; highlighting Burger King 20% cash-back offer.
- Cardlytics demoing merchant dashboard; real-time results of spend of customers in entire category with offers vs those without.
- Liqpay, with 1.5 mil customers, launching http://Zip.liqpay.com, payment detail shortener for SMS and email Link
- Liqpay "payment detail shortner" is similar to bit.ly for URLs; showing how it works at Privatbank; increases accuracy and safety.
- DCisions launching InvestorBee to take guesswork out of investing with understandable risk vs. return info. Link
- InvestorBee will make investing benchmarks available free to consumers; believe simple facts will disrupt investing.
- ValidSoft demoing secure m-banking with out-of-band four-factor authentication and transaction. Link
- ValidSoft demoing voice-based authentication to confirm trans; system calls mobile number and customer answers to confirm... nice!
- Dynamics showing battery-powered card that is "first mobile wallet that works everywhere plastic accepted." Link
- Dynamics showing how to press a button on card to get a disposable number to use online; or request rewards points be used at POS.
- Dynamics launching today Chip & Choice for Europe, allows multi-app card to be used with single-app software infrastructure.
Session 3
- eToro, with 2 million users; launching Guru Finder crowdsourcing to find traders to follow and copy. Link
- eToro demoing trader profiles and community communications; also launching iPad app.
- Serverside Group launching a Facebook app for banks to provide tangible value. Link
- Serverside Group app allows customers to upload images from FB to create their own customized credit/debt card; can increase usage.
- When finished using Serverside app, users can post their cards in FB update; bank could run design competition to "like" cards.
- Tradeshift demoing how businesses can manage cash flow; launching "instant payments" options. Link
- Tradeshift showing dashboard controls; onboard process for suppliers and instant payment process; available to entire supply chain.
- Finsphere, which recently partnered with Vodafone, uses mobile phone location to assist with authentication. Link
- Finsphere demoing its "risk score" for each transaction; online banking login process; and consumer Pinpoint service.
- Launching Handpoint Headstart, mobile Chip & PIN payment solution. Link
- Handpoint demoing payments on mobile phone, table and mobile POS device; also showing Square-like mobile reader option.
- Wipro Technologies launching tablet-based customer acquisition system. Link
- Wipro showing interface that sales adviser would use with prospects to explain products and compare options.
- Wipro app allows adviser to take a screen cap and email the page to the customer >Very cool way to follow-up on initial discussion.
- Luup launching travel management system for businesses and governments. Link
- Luup demoing employee registration; using mobile to create trip itinerary and request approval from manager.
- Meniga, PFM provider, is launching "Peace of mind banking." Link
- Meniga UI has forward looking cash position, like Simple's "safe to spend" balance; showing "emergency fund" balance tracking.
- Meniga working to move PFM from a "tab" to the most used part of online banking.
Session 4
- Striata is launching eConsent "PUSH email billing" with NO registration process. Link
- Striata demoing process: 1st email is Yes/NO overlay on shaded-out bill. No username or password; use a secret, for example: mobile number and birthday.
- Striata showing interactive bill, "mini-website" right in the inbox.
- Sandstone Technology showing modern-looking user interface on iPhone built on HTML5. Link
- Sandstone Technology showing on multiple phones; demoing how user can personalize app with own picture; change display views.
- Kabbage launching ScoreKard today, a quantitative view of health of client's online store. Link
- Kabbage has now loaned $10 million to small online sellers on eBay and elsewhere; showing integration with Etsy.
- Kabbage showing "social climbing" system where Kabbage analyzes client's social media activity to help in underwriting.
- AcceptEmail showing MOBILE electronic bill presentment & payment, its "Short Invoice Service." Link
- AcceptEmail allows content of sent email to be changed while in client's inbox, eg. after bill paid, status can be changed.
- Figlo's widget-based platform helps advisers communicate to clients via Facebook. Link
- Figlo showing integration of online banking with long-range planning; showing table version.
- Ixaris launching Opn Cardworks, "card system in a box", allows issuer to fully customize. Link
- Ixaris can get Visa approval for new card within 6 weeks; demoing Ixaris "app store" for building programs.
- IND Group launching new gamified banking interface " online banking goes from boring to fun" Link.
- IND iGroup demoing UI which includes points area, achievements, badges (which unlock more rewards); shows totals over time.
- That's a wrap folks. 35 Finovate demos and no one went over time limit! What a day, see you in the networking hall.
Next, Tradeshift showed off its Instant Payments technology that will be released in April of this year: "Instant Payments will allow businesses - and particularly SMEs - to receive instant payment for invoices approved through the platform. Companies will benefit from interest rates significantly lower than alternative funding options and will no longer see cash flow impacted by long payment terms or late payers. This new service integrates seamlessly with Tradeshift's existing e-invoicing solution which is free to suppliers, providing the financial flexibility small businesses need to succeed."
Product Launched: April 2012 HQ Location: San Francisco, CA
Company Founded: May 2010
Metrics: 60 employees, 60,000 signups across 190 countries, $30 million USD (YTD) in funding
Website: tradeshift.com Presenting Christian Lanng (CEO) & Jeppe Rindom (CFO)
 As promised last week, here is our second "sneak peak" into the hot young startups and established leading companies that will demo their latest fintech innovations at the second annual FinovateEurope next February 7th in London.
As we mentioned in the first sneak peak, we asked each handpicked company to "whet your appetite" by providing a short summary in their own words of the innovation that they will be debuting on stage. We've compiled them below.
Don't miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you'll lock in the early-bird price! _______________________________________________________
 Backbase will be presenting major new features in its Bank 2.0 Portal Manager, focusing on the following key points:
- Improved editor for page composition on regular browsers and mobile devices
- Advanced segmentation and targeting for different customer groups
- Fully integrated forms editor for enrollment and BPM
- Advanced analytical and performance tools
Innovation type: Marketing, mobile and tablet UI, online UI
 Aimia's unique advertising platform, powered by Cardlytics, enables banks to deliver rich, relevant rewards to their customers. The platform uses customers' unique purchasing history to deliver rewards that strengthen retention rates, increase card usage and improve customer relationships. The Cardlytics platform does all this without the need for any personally identifiable customer data.
Critical to the success of the programme is merchant engagement. Aimia and Cardlytics will be demonstrating the portal which is used by merchants to track offers and report on revenue. The suite of merchant management tools allows merchants to deliver targeted strategies that deliver measurable results.
Innovation type: Cards, marketing, rewards
 eToro provides you with immediate access to the largest investment network in the world giving you the ability to quickly find and easily build your own people-based portfolio of top performing traders. Automatically copy every trade your personal dream-team makes into your own investment account and start copying the success of the most successful traders.
eToro reinvents the way people invest their money by propelling them into the fast growing world of social investing. Take advantage of the wisdom of the crowds and make smarter investment decisions with full transparency and control over your invested funds at any given time.
Innovation type: Investing, online UI, PFM
 KYC compliance is a hot topic for financial services and Fenergo will introduce its Deal Manager application for client on-boarding, KYC compliance and account opening.
Fenergo will demonstrate how banks and financial institutions can reduce the burden and cost of KYC compliance with its straightforward application which manages all of the complex KYC data gathering and document processes and ensures full compliance with industry regulations.
The best bit is that its Deal Manager application also supports credit processes and legal document execution, so processing new client applications has never been so straightforward.
Innovation type: Back office, sales
 An onboarding tool that increases customer engagement at the same time? Figlo offers you a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible for everyone on any device.
Curious? Figlo's 7 minute demo will reveal the power of financial insight.
Innovation type: Mobile and tablet UI, sales
 Handpoint will be demonstrating the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. The solution supports all card payments; magstripe (MSR), Chip & PIN, Chip & signature and contactless NFC Payments (2012).
With Handpoint's Platform-as-a-Service acquiring, banks and MNOs can offer small/micro merchants card payments, tablets, and smartphones under their own brand name.
Innovation type: Payments, mobile and tablet UI
 Holvi replaces the plain old bank account with a current account built from the ground up for group activities. It helps customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations and they can do all their banking with Holvi, without needing another bank account.
Holvi is regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and it has the necessary banking partnerships in place to operate payment accounts for customers on a pan-European basis.
Innovation type: Banking, online UI, payments
 Facebook logins are crucially important. Online banking logins are severely difficult to remember. Can something be done about this and still meet the highest standards of identity security?
Ping Identity will show you how to deliver the best login experience to your prospects and customers. Don't turn them away with form filling and repetitive password requirements. Give them access to your financial networks and partners. Build trust and relationships with your customers.
Innovation type: Identity, marketing, security
 Meniga is expanding its PFM solution to add a new, highly user-centric layer on top of traditional online/mobile banks.
The interface de-emphasizes real accounts and actual balances and instead shows "uncommitted balance" and virtual accounts. It also allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account's balance becomes too low to meet commitments and forecasted expenses.
Innovation type: Online UI, Payments, PFM
 Investing is scary. I can invest, but I forget to buy or sell or rebalance. My financial advice has been useless. I want to be in control of my finances. I know I should be doing more with my money.
Nutmeg knows that investing is about more than money. It's a passport to the life you want. That opportunity shouldn't be reserved just for the wealthy, or just for those in-the-know.
Nutmeg asks, what if investing were simple and beautiful? And what if everyone could do it?
Innovation type: Investing, online UI, PFM
 Banks around the globe have really struggled to understand how they can leverage the power of Facebook.
Serverside has developed a new and unique way to leverage Facebook in an exciting and engaging manner that drives real brand value, loyalty and engagement from your customers.
Innovation type: Cards, marketing
 Going paperless saves money and improves customer service. However, most customers are not switching off paper because the registration process is inconvenient, complicated and results in having to remember another username and password and to fetch the document every month.
Striata's eConsent puts you in control of the paperless conversion process. Its clients are exceeding their paperless objectives and achieving a positive ROI in a matter of months.
Innovation type: Back office, communications, marketing
What would make the biggest impact on the way you manage cash flow and financing? Improved processes? Streamlined operations? Or maybe more flexibility in the way you manage payment terms with suppliers?
Things change. Shift happens. Tradeshift has already transformed invoicing, now its doing the same with supply chain finance.
Innovation type: Back office, payments, small business
Recently, the French government signed a deal with online invoicing company Tradeshift. One of the government's divisions, ADETEF, plans to implement the London-based startup's invoicing technology: "ADETEF, which is the international assistance agency of the ministries for economy, budget and sustainable development, will use the company's online platform to connect with suppliers and manage invoices digitally, eliminating the need for manual processing."
This move aligns with The Pan-European Public Procurement Online (PEPPOL) initiative that aims to standardize e-invoicing for the European Union. To learn more about Tradeshift, come watch its live demo at FinovateEurope February 7, 2012 in London.
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