Finovate Alumni News– January 15, 2014

  • Thumbnail image for Finovate-F-Logo.jpgDiginomica takes a look at Trustev and the problem of e-commerce fraud. Come see Trustev demo its new tech at FinovateEurope this February 11-12.
  • HelloWallet noted as a third-party PFM option for employers who want to help their employees with their finances.
  • The Times Money section features Nutmeg in a review of ten myths about individual savings accounts.
  • BBVA to deploy next generation touch-screen ATMs courtesy of Wincor Nixdorf.
  • Ripple debuts on “TV’s No. 1 New Show” – NBC’s The Blacklist.
  • Travis Credit Union extends 30 year partnership with Fiserv by selecting DNA account processing platform.
  • Ron Shevlin recommends using BillGuard in tandem with credit monitoring.
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 14, 2014

  • ACI Worldwide announces its point to point encryption (P2PE) solutions now supported by VeriFone, Ingenico, and Equinox.
  • New contract with Advanced Network helps Better ATM Services grow its reseller network.
  • Netbanker reports: Moven Offers Free Ride, but Only to New Uber Customers.
  • Industry analyst Ovum names Backbase a Market Leader for next generation digital banking platforms.
  • Linkable Networks partners with marketing content publishers to form The Linkable Network, its new card-linked shopper marketing network.
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.

FinovateEurope 2014 Sneak Peek: Part 2

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We are counting down the days and weeks to FinovateEurope 2014, our fourth Finovate event in London. On February 11 and 12, Old Billingsgate Market Hall will once again host two days of demo-only fintech presentations and high-quality networking with professionals from across the industry.

To help you get to know the companies presenting next month, here’s an introduction to another six innovators that are building tomorrow’s fintech today. See Part 1 for the first six. 


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Advanced Merchant Payments enables banks, merchant acquirers, and other institutional lenders to profitably offer short-term, unsecured loans to underserved small businesses in both developed and emerging markets.
Features:
  • Proven, profitable, and scalable managed solution
  • Requires minimal investment or technical development
  • Complementary, value-add, product set supports customer acquisition and retention
Why it’s great:
AMP enables banks to profitably lend to those small business customers who might otherwise be underserved for reasons of cost and efficiency.

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Thomas De Luca
Chief Executive and co-founder of AMP. Previously co-founded multi-currency payment processor Planet Payment, Inc. (NASDAQ: PLPM). Before that: Legal Affairs at American Express.

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James Phillip Lloyd
Director of Product Management at AMP. Previously Operations Delivery Manager for European payment service provider, Realex Payments. Before that: Strategy & Operations at Deloitte Consulting

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Fiserv, the world’s leading provider of digital banking and payment solutions will demonstrate the next generation version of Mobiliti.
Features:
Mobiliti, Fiserv’s mobile and tablet banking platform, focuses on completeness, intuitive design and disruptive functionality.
Why it’s great:
Fiserv’s Mobiliti is the broadest and most disruptive set of features on a mobile device, without compromising the user experience.

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Denis Zelensky
Is passionate about mobile and stays mobile himself: born in Russia, educated in the U.S., lives in London, and works with financial institutions across EMEA.

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Jonathan Atkinson
Pre Sales, Mobile Solutions

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GMC Software Technology is a leader in the field of Customer Communications Management. GMC develops innovative software applications that enable businesses to transform the customer experience.
Features:
GMC Inspire Mobile Onboarding is a game-changing innovation that allows banks to attract, retain, and grow customers through real-time, interactive communication.

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Antoine Hemon-Laurens
Is an expert in Customer Communications Management. He is Director of Mobile Product Marketing at GMC.

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Gary Jenkins
Product Manager for GMC Software Technology and has extensive experience in delivering Enterprise solutions into the financial sector.

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Luxoft‘s iStockTrack is an innovative mobile application for premium & private banking services that offers state of the art user experience.
Features:
  • Provides comprehensive customer experience for private & premium banking clients
  • Offers unlimited sales capabilities to banks
  • Reduces cost of service per client
Why it’s great:
iStockTrack is a toolkit that can be customized to fit business needs and corporate style in just four weeks.

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Przemek Berendt
Global Marketing Vice President at Luxoft (NYSE: LXFT). Previously Luxoft Poland, Managing Director. Prior to Luxoft, Przemek was Business Development Manager at Betware.

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Money On Toast is a revolutionary new service that allows clients to get fully-regulated, automated financial advice directly online.
Features:
  • Clients can access FCA-regulated advice online via an algorithm-powered virtual adviser
  • Automatically generates a suitability report
  • Provides a fully compliant audit trial
Why it’s great:
Money on Toast is the first UK-based company to drive the way financial advice is delivered into the modern digital age.

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Charlie Nicholls
Founder and managing partner of Money on Toast. Studied law at Cardiff University. Lives and works in London.

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Catharine Dodd
Manages the online advice service at Money on Toast. Based at the Chichester office on the south coast.

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Smart Engine is a pioneer in the field of customer loyalty. We are drivers of innovation and leaders in personalized target marketing.
Features:
  • Merging online and offline shopping world for retail customers
  • Closer to the customer with real-time in-store targeting
  • Increases customer lifetime value
Why it’s great:
Shopping Assistance adds an entirely new level of “big data” consumer profiling and multichannel targeting to our card-linked offer, bank loyalty platform.

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Christian Bacher
Spent more than 20 years working at different top management levels in IT solutions for the banking and payment industry in Europe and Russia.

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Anna Bacher
Has more than 15 years of international experience in designing and implementing complex IT solutions for the banking and payment industry in Europe and Russia.

Fintech Accelerator SixThirty Announces Feb 7 Deadline for Spring Class

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If you’re a fintech startup looking for a spot in SixThirtys first spring class, the clock is ticking.

The financial technology accelerator based in St. Louis has set February 7th as the deadline for applications to its upcoming program. Selections will be made in early March, and companies will need to be in St. Louis for the duration of the four-month program.

The SixThirty program is geared toward companies in their early stages of development and growth. Four months of mentoring, education, and networking end with a one month, demo/presentation program that gives startups the opportunity to present their technologies before industry professionals in both finance and technology. 

Portfolio companies also receive $100,000 in equity investment.
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SixThirty is run by Managing Director Jim McKelvey, who co-founded Square in 2009. McKelvey is a General Partner at Cultivation Capital, and a spirited defender of the St. Louis area as a good one for financial innovation. 
“We saw a real opportunity to leverage our regional strengths as a financial hub,” McKelvey said in a Techli St. Louis feature last November. ” It’s obvious that St. Louis has certain advantages compared to other cities, namely a concentration of financial services … St. Louis is a customer and partner-rich environment for any financial tech startup.”
We reported on SixThirty’s inaugural graduating class back in October, a quartet that included Finovate alum, miiCard (FinovateFall 2013). For more information about SixThirty, including instructions on how to apply for the upcoming spring program, click here.

IDology Launches ExpectID Global

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IDology announced today that its ExpectID Enterprise real-time age and identity verification technology will be soon available in the UK as ExpectID Global.

The first step in what the company plans as a global rollout, the launch of ExpectID Global will give more companies “a secure way to do business internationally” in the words of IDology CEO John Dancu. ExpectID Global, he says, will help companies “prevent fraud, drive revenue, and meet compliance.”

IDology provides merchants doing business in card-not-present environments with the ability to do real-time age and identity verification. The on-demand technology allows businesses to control and customize the entire verification process, helping merchants keep up with changes in the security and regulatory landscape.
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ExpectID Global also includes the ability to validate domestic and international drivers licenses and passports, a key feature for merchants doing global e-commerce.
The Atlanta-based company is an alum of FinovateFall 2012. See their demonstration of ExpectID Enterprise here.

Finovate Alumni News — January 13, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeToro to allow its members to invest and trade in bitcoin.
  • CaixaBank enables cardholders to make transaction-based, charitable micro-donations.
  • PhotoPay wins spot in this year’s FinTech Innovation Lab London. See them in action at FinovateEurope.
  • Flint Mobile, BillGuard both featured in Forbes column on companies “moving global commerce forward.”
  • Daily Mail takes a look at Zopa and the Zopa Rate Promise.
  • miiCard and Axiomatika partner to power identity verification solutions for the Russian financial industry.
  • CoverHound grows 533% Year over Year in 2013 and Promotes Keith Moore to CEO.
  • ShopKeep POS launches ShopKeep Mobile for iPod Touch.

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.

KBC Bank Ireland Embraces Temenos T24 Core Banking

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Temenos has just picked up another bank: KBC Bank Ireland has signed up for both the company’s core banking system, T24, as well as Temenos’ Insight Business Intelligence Suite.

Deployment of T24 will help the bank focus on more personalized customer service and on delivering innovative banking products, according to KBC Bank Ireland Chief Executive Wim Verbraeken. The move is part of a broader rollout that includes providing full online and mobile banking capability to its retail customers.

Among the selling points of T24 was the platform’s “product-building capability.” In the words of Jean-Michel Hilsenkopf, Temenos Regional Director for Europe, this will allow KBC Bank Ireland to bring new financial products to market quickly “without the need to write bespoke code.”

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KBC Bank Ireland is one of the largest banks in Ireland. The bank reported total retail deposits of €2.9 billion – a year over year increase of €0.8 billion – and added more than 7,000 new customer accounts in the last three months of Q3 (quarter ending September 2013). KBC Bank Ireland has more than 700 employees and is headquartered in Dublin. New branches were opened recently in Limerick and Galway.
Temenos was founded in 1993 and is based in Geneva, Switzerland. The company has more than 1,500 customer deployments in 125 countries around the world. Temenos is among the companies that will be presenting at FinovateEurope 2014 in February. To learn more about our upcoming event in London, visit our information page here.

Finovate Alumni News — January 10, 2014

  • Thumbnail image for Finovate-F-Logo.jpgKBC Bank Ireland embraces Temenos T24 core banking.
  • Accounting Technology takes a look at Bill.com and its integration with Tax1099.com.
  • Google Play Editor’s Choice features the Manilla Android app.
  • BellaDati adds four new features.
  • Trustly providing direct account payment solution for Groupon users.
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.

CAN Capital Raises $33 Million from Meritech Capital, Accel Partners

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CAN Capital has secured $33 million in funding from Meritech Capital Partners, Accel Partners, Ribbit Capital, and QED Investors.

This latest funding-round raises CAN Capital’s total to $63 million, which includes $30 million in funding raised by Accel Partners in 2012.

Almost one month ago to the day, Capital Access Network announced its rebranding as CAN Capital. Chief Marketing Officer James Mendelsohn said that the rebranding was an effort to better “resonate with small business owners” as well as speak to “potential lending partners, and employees.”

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By that measure, today’s news is the first indication that the rebranding is already paying off. CAN Capital CEO Daniel DeMeo said that the funding will allow the company to “further enhance our product offerings to continue meeting our customers’ needs.”
CAN Capital provides working capital to SMEs. The company uses its proprietary risk models and data from daily business performance to provide funds from $2,500 to $250,000.
A few additional metrics for CAN Capital which:
  • has provided SMBs with access to $3.6 billion in capital
  • operates a $460 million line of credit
  • has supported more than 120,000 small business financial transactions
  • serves businesses in more than 650 industries
  • has enabled 75% of CAN Capital customers to renew funding
  • grew revenues by 49% from 2009 though 2012
  • grew its employee base by 30% over last three years
CAN Capital competes in the small business capital-access space with companies like Kabbage, Lending Club, On Deck Capital and, most recently, PayPal. All are Finovate alumni. CAN Capital was among a number of alternative lenders featured in a front-page article in The Wall Street Journal this week.
CAN Capital demoed its Mobile Funding tablet technology for financial sales reps at FinovateFall in 2013. See the company’s presentation here.

Finovate Alumni News– January 9, 2014

  • Thumbnail image for Finovate-F-Logo.jpgGartner’s Web Access Management Marketscope Report gives Ping Identity a positive rating.
  • Moven, LendUp, Kabbage, and Xero are featured in a Wall Street Journal article on alternative lenders and social media.
  • CAN Capital raises $33 million from Meritech Capital, Accel Partners.
  • PenFed is now offering Mortgage Harmony’s One Click rate reset protection.
  • Lighter Capital closes 39th financing with Influence Technologies.
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 8, 2014

  • Thumbnail image for Finovate-F-Logo.jpgMerchant Maverick calls Flint Mobile “the perfect service for low-volume merchants.”
  • LendUp and Refundo team up to provide short-term loans for underbanked taxpayers waiting for refunds.
  • Manilla launches Bill Share to make managing family finances easier.
  • CurrencyFair unveils their new website.
  • The Seattle Times joins doxo to simplify bill delivery and payment for subscribers.
  • Dynamics ePlate Visa Card adds 50th rewards partner.
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.

Manilla Launches Bill Share to Make Managing Family Finances Easier

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Sometimes the only thing more important than having a safe place for “your stuff” is a having a way – when you want to – to safely and easily share your stuff.

To that end, Manilla is announcing Bill Share, the latest addition to their free, cloud-based bill-management service.

“Whether you’re co-managing finances with your spouse, overseeing a college student’s accounts, helping elderly parents with their money or sharing information with your account, money management often involves more than one person, and that can become complicated,” said Manilla CEO Jim Schinella. Bill Share provides the sort of “shared finances” functionality that a number of personal finance management apps have begun to feature (such as Yodlee’s Best of Show winning app, Tandem).

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How so? Manilla users can take advantage of Bill Share simply by granting selected Manilla users access to their account. Users can then jointly manage finances, share information with financial professionals, and leave comments for others.
The Manilla app with Bill Share is available for free from the iOS, Android, and Amazon Kindle Fire app stores. The app is not yet available online at Manilla.com.
Founded in 2011 and headquartered in New York, Manila provides safe and secure cloud-based access to bills and personal finances. The company demoed its AOL Bill Manager technology at FinovateFall 2013. See Manilla’s presentation here.