Author: David Penn

Finovate Alumni News– June 5, 2013

By David Penn Posted on
Categories: Actiance, Billhighway, Cachet Financial Solutions, Expensify, LendUp, LICUOS, Locaid, mBank
  • FinovateLOGO.jpgmBank announces new transactional service, new logo, premium offer for affluent customers.
  • LICUOS selected as semi-finalist for Innotribe Startup Challenge.
  • LendUp launches “Share the love” referral rewards program.
  • Locaid announces commercial availability of Compliance API.
  • Expensify offsets new pricing by allowing users to prepay and get 2 months free.
  • Cachet Financial Solutions provides mobile deposit technology for Chexar’s Ingo Network.
  • Actiance enhances Social Compliance Platform Support for Lync, Jive.
  • Billhighway appoints Doug Gregory as CEO.
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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Finovate Alumni News– June 4, 2013

By David Penn Posted on
Categories: Acculynk, authenticID, Betterment, Check, Corduro, IDTheft 911, Service2Media
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechnorati takes a look at PayMobile, the mobile payment app from Corduro.
  • Auto Rental News features AuthenticID’s PictureID authentication solution.
  • Abril to use Service2Media’s app development platform, M2Active.
  • Cox Business to offer Acculynk’s cloud-based payment processing option, PayLeap.
  • Quartz looks at how Betterment and CEO Jon Stein are “turning financial advice into an algorithm.”
  • IDentity Theft 911 announces upgrade to LifeStages Identity Management Services.
  • Former Cap One Exec, James Mendelsohn, joins Capital Access Network as CMO.
  • Actiance updates Vantage to allow organizations to manage security, retention & compliance policies.
  • Blackhawk Network & Monitise to make mobile gift card purchasing available to consumers through certain FIs in the U.S.
  • Xero announces “Xero For Dummies” book now available.
  • BBVA Compass to offer Mitek’s Mobile Photo Bill Pay to its retail customers.
  • Alltel Wireless customers now able to pay bills via smartphone thanks to a new partnership with Check (formerly Pageonce).
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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Finovate Alumni News– June 3, 2013

By David Penn Posted on
Categories: Balance, BlinkMobile Interactive, Check, Currensee, EZBOB, GMC Software Technology, GoBank, InComm, IntelliResponse, Jemstep, Linkable Networks, Temenos, ThreatMetrix, TIO Networks, Tyfone
  • FinovateLOGO.jpgGMC Software announces the availability of its Customer Service Correspondence automated platform for “point-of-need” communications.
  • Commonection reviews Check (formerly Pageonce).
  • InComm launches Cashtie, an API that links retail cash payments via existing POS to software applications.
  • TIO Networks Expands Bill Payment Services into Louisiana Through Partnership With City of Ruston.
  • Intelliresponse reflects on its experience at FinovateSpring 2103.
  • BlinkMobile signs distributors in Brazil and South Africa.
  • Linkable Networks Named Winner of 2013 Red Herring Top 100 Award.
  • Devin Miller talks about Balance Financial in this Newfination video interview.
  • Tyfone to Launch SideTap MicroSD Card Versions for Contactless Payments Market.
  • ThreatMetrix Launches Intelligence Network to Detect Malicious Web Activity.
  • Jemstep Launches Update Giving You More “Buy” Choices.
  • The Financial Brand lists 7 reasons to love GoBank.
  • Terapeak talks about how its Insights API helps EZBOB help UK merchants.
  • Temenos announces TripleA private banking and wealth management solution to work on other databases.
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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Realty Mogul Passes $1 Million Crowdfunded Mark

By David Penn Posted on
Categories: Realty Mogul

Thumbnail image for RealtyMogulLogo.jpg

As of today, the real estate platform has crowdfunded a total of $1.2 million across its first six transactions.

“We are also the first crowdfunding company in the U.S. to my knowledge that has already returned investor capital,” said Realty Mogul CEO and co-founder Jilliene Helman by e-mail. Realty Mogul has paid out more than $100,000 to its investors to date.

Added Helman, “We plan to pay out additional distributions in June.”

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Realty Mogul provides a platform for accredited investors to combine their money to invest in pre-vetted real estate properties. The investments range from apartment buildings to retail centers to office buildings, and investors can invest as little as $5,000.
Founded in 2012, Realty Mogul demoed its technology as part of the FinovateSpring show in San Francisco. Video of the company’s presentation is available here.
For more information on crowd funding, see our recently published research in the latest edition of the Online Banking Report here.

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Four Finovate Alumni Featured in OBR Crowdfunding Report

By David Penn Posted on
Categories: P2BInvestor, Realty Mogul, SoMoLend

Four Finovate alumni were featured in the latest publication from Online Banking Report (OBR).

Bolstr

  • Thumbnail image for BolstrLogo.jpgDebt-based / Crowdlending
  • Headquartered in New York, New York
  • Presented at FinovateFall 2012
  • Demo Video

P2Binvestor

  • Thumbnail image for P2BiLogo.jpgReceivables-based / Crowdfactoring
  • Headquartered in Louisville, Colorado
  • Presented at FinovateSpring 2013
  • Demo Video
  • Thumbnail image for RealtyMogulLogo.jpgDebt-based / Crowdlending
  • Headquartered in Los Angeles, California
  • Presented at FinovateSpring 2013
  • Demo Video
  • Thumbnail image for SoMoLendLogo.jpgDebt-based / Crowdlending
  • Headquartered in Cincinnati, Ohio
  • Presented at FinovateSpring 2012
  • Demo Video

The report is an in-depth look at the emerging trends in crowdfunding and features a look at 18 up-and-coming platforms. OBR Subscribers can access the report here. It can also be purchased for US$495 here.

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Cardlytics Builds a Better Bullseye for Bank Advertising

By David Penn Posted on
Categories: Cardlytics

Thumbnail image for CardlyticsLogo.jpg

Targeted advertising relies on accurately assessing consumer behavior, linking that behavior to future interests and needs, and then building an advertising campaign that consumers will actually respond to with real purchases of goods and services.

And according to Polaris Partners, it’s so simple only one company may be doing it right: Cardlytics.

cardlyticshomepg1.jpg

In a feature on the company and its co-founders, Scott Grimes (CEO) and Lynne Laube (President), Polaris Partners takes a close look at the way Cardlytics has been able to acquire larger advertisers and to sign them for the long term. Consider these metrics:
  • Cardlytics has contracts with a quarter of the top 100 advertisers
  • Cardlytics’ ads drove $500 million in purchases in the fourth quarter of 2012
  • Cardlytics has partnerships with more than 400 American banks.
Founded in 2008, Cardlytics specializes in transaction-driven marketing. The company’s technology helps FIs make targeted, relevant offers and rewards to their customers based on their customer’s actual shopping behavior. The platform currently serves 78 million households in the U.S.
Cardlytics was highlighted here in the Finovate Alumni news blog just last week when the company announced that it had raised $40 million in funding from undisclosed, but current investors.
Cardlytics demoed its technology as part of FinovateEurope 2013 in London in February. See them in action here.

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Finovate Alumni News — May 29, 2013

By David Penn Posted on
Categories: authenticID, Banno, Check, Escardgot, EyeVerify, FIS, GoBank, GoNow, Leaf, Lending Club, Micronotes, Mint.com, Mitek, MoneyDesktop, Moven, OneID, OpenCoin, Refundo, SaveUp, TIO Networks, Tradeshift, TSYS, Virtual Piggy, Waspit, Zooz
  • FinovateLOGO.jpgPaymentsSource talks with Noam Inbar, VP for product development for Zooz.
  • OneID takes a look at the “security theater” of Twitter’s two-factor authentication.
  • TSYS renews payment processing arrangement with Nationwide Building Society.
  • Pizza Marketplace interviews Leaf director of sales Alex MacKenzie on mobile marketing.
  • MIT Technology Review features OpenCoin.
  • Waspit to release new UX & mobile Apps in August to coincide with the new academic year.
  • TIO Networks partners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.
  • Virtual Piggy partners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.
  • Mitek receives patent for signature verification and fraud detection.
  • Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.
  • CU Times highlights Moven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.
  • Silicon Prairie News features Banno and EyeVerify demos at FinovateSpring.
  • Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker’s Internet Trends report.
  • SaveUp helps credit union members save more than $400 million.
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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SaveUp Helps Credit Union Members Save More than $400 Million

By David Penn Posted on
Categories: SaveUp

Thumbnail image for Thumbnail image for saveupLogo.jpg

According to CU Solutions Group, SaveUp has helped them help their members to the tune of nearly $450 million saved, and more than $290 million in debt retired.

The metrics are as of the end of May 2013. Together they highlight SaveUp’s ability to incentivize credit union members to improve their personal finances. The SaveUp platform relies on a combination of behavioral science and technological innovation to reward users as they save money and reduce debt.

Some metrics on SaveUp:
  • More than 40 credit unions participating across the country
  • More than 45% of users connect with CU branded content at least once a week
  • More than 2,600 inquiries into new CU products and services generated by SaveUp users.
SaveUp was co-founded by Priya Haji and Sammy Shreibati, currently CEO and CTO, respectively, and is headquartered in San Francisco.
SaveUp_hompage.jpg
We last wrote about SaveUp when the company announced a contest to allow users to vote for the prizes they wanted the savings and rewards platform to offer.
CU Solutions Group distributes SaveUp to credit unions as part of its business of providing marketing, technology, and other services. Among the credit unions participating in the SaveUp program are:
  • Veridian CU, Waterloo, IA, $2.4 billion in assets
  • Northeast CU, Portsmouth, NH, $878 million in assets
  • Belvoir FCU, Woodbridge, VA, $309 million in assets
  • Sir FCU, Negaunee, MI, $79 million in assets
SaveUp demonstrated its technology as part of the FinovateSpring 2012 show in San Francisco. See them in action here.

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Finovate Alumni News– May 28, 2013

By David Penn Posted on
Categories: BellaDati, Billhighway, Dwolla, IP Commerce, Kabbage, Kalixa, Kofax, M2CASH, OpenCoin, ProfitStars, Quantopian, TIBCO Software, TransferWise, V2Pay
  • FinovateLOGO.jpgChris Larsen, CEO and co-founder of OpenCoin, calls Ripple, “HTTP for money” in CoinDesk feature.
  • Credit Union Times: ProfitStars‘ Director of Strategic Insight Lee Wetherington talks credit unions and big data.
  • Kalixa Group teams with MasterCard to test prepaid card.
  • Barron’s Electronic Investor column on Quantopian now available to non-subscribers.
  • Mateo’s Tech Travels reviews TransferWise.
  • Business Insider hosts Dwolla CEO Ben Milne in Startup Lab interview.
  • One of the largest financial services corporations in the world invests more than $4.6 million for software, maintenance and professional services with Kofax.
  • American Banker reports: Kabbage’s Fresh Idea for Small Business Finance.
  • TIBCO announces launch of Cloud Bus, a subscription-based Integration Platform as a service (iPaaS) offering.
  • BellaDati opening partner network in Russia.
  • IP Commerce closing payment processing service on June 30.
  • M2CASH rebrands as V2PAY, now offers electronic ID verification, virtual loan solutions, virtual cards & virtual merchant services.
  • Billhighway adds Kids Kicking Cancer as client.
  • Comarch to provide reference, market data to SIX Financial Information.
  • Standard Chartered launches VISA Infinite Credit Card with chip and PIN 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.

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Keynote DeviceAnywhere Unveils ScriptObjects, Recorder

By David Penn Posted on
Categories: Keynote DeviceAnywhere

Thumbnail image for keynoteLogo.jpg

Fresh off their integration with Worksoft Certif, and the decision by BBVA Compass to deploy their app testing technology earlier this year, Keynote has announced a pair of new features for its DeviceAnywhere Enterprise platform: ScriptObjects and Recorder.

ScriptObjects:

  • Lets customers build object-level test scripts
  • Ability to work across multiple devices for faster test automation
  • Deploy test scripts with native, Web, and hybrid applications
Recorder:
  • Scripting tool with intuitive UI, requires no training to use
  • Develop scripts with precise validation checks
  • Add scripts quickly to test site to comply with demands for shorter test cycles
Keynote DeviceAnywhere’s Enterprise platform provides fast, flexible test automation. The new enhancements are geared tower providing more intuitive testing tools for quality assurance professionals.
Keynote demonstrated their testing technology as part of the FinovateSpring 2012 show in San Francisco. Watch the presentation here.

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Finovate Alumni News– May 24, 2013

By David Penn Posted on
Categories: Flint Mobile, GMC Software Technology, Handpoint, Klarna, Lendio, Lighter Capital, Personal Capital, ThreatMetrix, TipRanks, Yandex
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMainStreet features “stock tip truth-o-meter” and FinovateSpring 2013 Best of Show winner TipRanks.
  • GMC Software Technology enters partnership with PostConnect to deploy Inspire technology.
  • AppScout takes a look at Flint’s mobile app for iPad and iPhone.
  • Yandex.Money integrates with Еuropean payment provider Skrill.
  • Banking Business Review reports: Handpoint introduces Chip and PIN MPOS systems.
  • Newfination visits the Personal Capital offices, interviews Head Of Advisory Services, Kyle Ryan.
  • American Banker mentions how Lendio and Lighter Capital are changing the face of small business lending.
  • Internet Retailer reports: ThreatMetrix helps EMerchantPay reduce its clients’ chargeback rates.
  • Klarna named “most innovative company” at annual Media Momentum Awards arranged by GP Bullhound.
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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BillFloat Extends SmartPay Pilot Program with Radio Shack Partnership

By David Penn Posted on
Categories: BillFloat

Thumbnail image for BillFloatLogo.jpg

SmartPay, an instant financing option powered by BillFloat, will soon be available via a select group of Radio Shack retail outlets in Houston as part of a pilot program, BillFloat announced today.

SmartPay allows consumers to pay for newly bought smartphones on an “in-store lease-to-own” basis. The new partnership with Radio Shack will be the first time such a financing opportunity has been available to potential smartphone buyers.

smart-pay-powered-by-billfloat-85720705.jpgBased in San Francisco and founded in 2009, BillFloat’s More-Time-To-Pay platform helps provide instant financing options for merchants and their customers. 

The platform supports SmartPay, as well as products like MoreTime and SmartLine. According to BillFloat, SmartPay volume has grown by more than 1,900% since its launch last September. 

In becoming part of the pilot program, Radio Shack joins MetroPCS, Virgin Mobile, and CSpire in offering SmartPay.
Ryan Gilbert is co-founder and CEO of BillFloat. The company has raised more than $20 million in venture capital.
BillFloat presented its MTP platform as part of the FinovateSpring 2011 show in San Francisco. Watch a demo of the technology at work here.

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