Author: David Penn

Finovate Alumni News– September 26, 2013

By David Penn Posted on
Categories: Billhighway, Braintree, Finovera, Google, Lendio, MasterCard, MiiCard, PayPal, peerTransfer, SecondMarket
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  • Updated Google Wallet app lets users store loyalty cards.
  • MasterCard teams up with National Bank of Egypt, Egyptian Banks Company, and Fawry to launch m-wallet in Egypt.
  • EBay’s PayPal acquires Braintree in $800M cash deal.
  • The Boston Business Journal features peerTransfer.
  • miiCard presents trends from the innovators at FinovateFall.
  • Lendio raises $4.5 million for small business loan-matching Service.
  • TechCrunch reports: SecondMarket launches a Bitcoin investment trust for accredited investors.
  • Billhighway adds Boys & Girls Club of Troy as client.
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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John O’Malley Takes Helm as New Digital Insight CEO

By David Penn Posted on
Categories: Digital Insight, Intuit, Intuit Financial Services

Digital Insight announced this week that John O’Malley will serve as the fintech company’s new Chief Executive Officer. The new appointment is effective on November 1st.

O’Malley brings more than 30 years of experience in both financial services and financial technology. He was most recently CEO of Panini, a payment technology company. Previously, O’Malley served as chief executive officer for Memento and Harland Financial Solutions, where he was also President.

Formerly known as Intuit Financial Services, Digital Insight was acquired by Thoma Bravo this summer. Read our coverage of the billion-dollar deal here.

Digital Insight was one of our original alumni, presenting at the first Finovate in 2007. Video of the company’s presentation is available here.

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Finovate Alumni News– September 24, 2013

By David Penn Posted on
Categories: Braintree, Cachet Financial Solutions, Capital Access Network, Digital Insight, Doxo, Entrepreneurial Finance Lab, ERN, FIS, Google, PayPal, Swipely, Xero
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  • Capital Access Network listed among Information Week’s top U.S. technology innovators in 2013.
  • FIS announces analytics programs for customers.
  • Swipely now managing $1 bil in annual sales, 1 yr. after entering payments market & launched Swipely Partner Network.
  • Cachet Financial Solutions announces Select Mobile Lending, a new mobile app.
  • MasterCard and Entrepreneurial Finance Labs join forces to promote SMB growth in developing nations.
  • TechCrunch reports PayPal, Stripe, & Braintree partner with Facebook to autofill billing info in mobile commerce apps.
  • ERN partners with FICO to embed FICO’s marketing solutions within its real-time Big Data analytics platform Looop.
  • Mountaineer Gas joins doxo to simplify bill delivery, payment, and record keeping for its 220,000 customers.
  • Digital Insight announces new CEO, John O’Malley.
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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ACI Worldwide Extends E-Payments Reach with Official Payments Acquisition

By David Penn Posted on
Categories: ACI Worldwide

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The decision to buy Official Payments helps make ACI Worldwide an even bigger player in the field of EBPP (Electronic Bill Presentment and Payment), according to President and CEO Philip Heasley.

Heasley specifically cited Official Payment’s loyal user base among federal, state, and local governments, as well as higher education institutions, utilities, and charities in the acquisition announcement. The deal prices Official Payments at $8.35 per share for a total enterprise value of $109 million.

Some additional metrics on Official Payments:
  • More than 3,000 customers
  • More than 100 million end users
  • More than 20 million payments processed each year
  • More than $9 billion in payment volume processed each year
ACI Worldwide supports the banking and electronic payment needs of more than 2,600 financial institutions, retailers, and billers. Processing transactions for more than 250 of the world’s largest retailers and 18 out of the 20 largest banks, ACI Worldwide facilitates $13 trillion in daily payments.
ACI was a part of the FinovateFall show in New York in 2011, demoing their Mobile Enterprise Banker for Tablets technology. See the company’s presentation here.

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Finovate Alumni News– September 23, 2013

By David Penn Posted on
Categories: ACI Worldwide, Capital Access Network, Float Money, KlickEx, MasterCard, Q2ebanking, Socure, Tuition.io
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  • ACI Worldwide acquires Official Payments.
  • MasterCard teams up with Basware to help companies migrate from paper-based payments.
  • KlickEx takes home Top Startup prize at Swift’s Innotribe Challenge.
  • Crains NY Business looks at Float Money, Socure, and Capital Access Network.
  • Western Independent Bankers selects Q2 as preferred vendor for virtual banking solutions.
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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FinovateFall 2013: A Tale in Tweets

By David Penn Posted on
Categories: FinovateFall 2013

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From outright praise to clever snark, Twitter let the many voices of Finovate bloom last week in New York for FinovateFall 2013.

And as you’ll see below, our Live Twitter feed allows you to live vicariously through the wit of some of our more vocal and enthusiastic attendees.
Read ’em for yourself. And if you’d like to actually see what every one is tweeting about, visit our FinovateFall 2013 demo video page here.
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The Videos Have Landed: FinovateFall 2013 Demos are Now Available

By David Penn Posted on
Categories: FinovateFall 2013

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If you’ve been looking for a way to relive our biggest FinovateFall yet – or just to share fond fintech memories with a friend or colleague – then the moment you’ve been waiting for has arrived.

Click here to access videos of every one of the 69 companies that helped make FinovateFall 2013 such a success.

From Akimbo Financial to Zooz and everyone in between, you’ll find the newcomers, the veterans, the Best of Show winners and more, live in action, in our demo video section.
Curious about new Finovate alum and Best of Show winner Motif Investing’s presentation? Wondering what Versafe did to catch F5 Networks’ eye? Thinking it’s about time you finally got around to hearing and seeing what all those tweets about Toopher’s presentation were about?
The FinovateFall 2013 demo video page is where you’ll find all that and more. Click here to get started.

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Finovate Alumni News– September 18, 2013

By David Penn Posted on
Categories: ACI Worldwide, Backbase, Check, Dynamics, Jumio, Kalixa, Lodo Software, MoneyDesktop, TIO Networks, Tradeshift
  • FinovateLOGO.jpgKalixa Group to provide payment services to Italian gaming services provider, Sisal.
  • ACI Worldwide recognized as fastest growing biller direct electronic bill payment provider by Aite Group.
  • Manilla tops 15 million bills and statements delivered.
  • Netbanker reports: Simple Revamps Homepage http://bit.ly/16j6SsM
  • 200 Financial institutions adopt Lodo Software’s PFM.
  • Jumio adds facial detection to Its web and mobile identify verification service, Netverify.
  • MyBankTracker looks at MoneyDesktop’s uncluttered visualization of financial goals.
  • The Business Review blog highlights Dynamics’ partnership with Key Bank. 
  • TIO Networks forms partnership with Cowlitz Public Utility District.
  • Gartner names Backbase a Visionary Portal Software Vendor for the third year running.
  • Tradeshift Collaborative Workflow wins this year’s AP Innovative Technology of the Year Award.
  • Check partners with Irvine Ranch Water District to provide billpay and tracking for IRWD 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.

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F5 Networks Buys Versafe to Boost Online Fraud Protection Capabilities

By David Penn Posted on
Categories: AcceptEmail, Versafe

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Less than one week ago, Israel-based Versafe was in New York City, making their case for total fraud protection before a Finovate audience of more than 1,100, and hundreds more following online.

Who knew how closely F5 Networks must have been listening!

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F5 Networks announced today that it was purchasing the Internet security specialist and one-and-done Finovate alum for an undisclosed amount. All 40 employees, including Versafe’s three founders, are expected to remain on board and the company will continue to operate out of its headquarters in Rishon Le Zion, Israel.
Versafe chose FinovateFall 2013 to present some of the latest enhancements to its TotALL Online Fraud Protection Suite. Their technology relies on advanced encryption and real-time behavioral analysis to provide a layer of protection between the end user and the application. This protection is effective regardless of whether the app is access online or via a mobile device.
Versafe was founded in 2009 by Eyal Gruner (CEO), Boaz Zilber (COO), and Idan Amir (VP Sales EMEA). View our Live Blog post of Versafe’s FinovateFall presentation here. The company’s demo video will be available later this month.

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P2Binvestor Raises $1.2 Million in Series A Round

By David Penn Posted on
Categories: P2BInvestor

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The combination of peer-to-peer lending and business receivables financing championed by P2Binvestor continues to pay dividends for the Colorado-based startup.

P2Binvestor announced on Monday that it had successfully raised $1.2 million in equity and warrants in Series A round of funding. Participating were entrepreneur John Spiers, Rockies Venture Club investors, as well as others. The financing will help the crowdfunding receivables company grow its software platform, and expand its sales and marketing operations to accommodate new business.

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P2Binvestor helps connect the needs of small businesses seeking capital with entrepreneurs and investors seeking market-based returns. Collateralized by business receivables, the funding made available to small businesses via the P2Binvestor platform often provides working capital that is both quicker and more efficient than what has been offered traditionally by the banks.
Said P2Binvestor CEO and co-founder, Bruce Morgan, “Bank credit remains tight … 67 percent of small businesses were unable to secure bank loans in the first quarter of last year.” 
P2B investor was founded in 2012 and is headquartered in Denver, Colorado. The company appeared on the Finovate stage as part of the Spring 2013 show in San Francisco. See a demo of the company’s presentation here.

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Finovate Alumni News– September 16, 2013

By David Penn Posted on
Categories: BankersLab, Doxo, Finect, MasterCard, P2BInvestor, Q2ebanking, Toopher, Wipit
  • FinovateLOGO.jpgP2BInvestor raises $1.2 million in Series A round.
  • Toopher wins spot among finalists for IBM SmartCamp North America Regional competition.
  • MasterCard partners with Entrepreneurial Finance Lab (EFL) to promote small businesses in developing nations.
  • Finect provides winning entry for Web Marketing Association’s WebAward 2013.
  • Eli Lilly FCU selects Q2 for implementation of Unified User Experience.
  • Boost Mobile Wallet powered by Wipit now offers Quick Check RDC service.
  • BankersLab adds 4 senior financial services executives to its training team.
  • Rubatino Refuse Removal joins doxo, its paperless adoption jumps 10% in first 90 days.
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– September 13, 2013

By David Penn Posted on
Categories: Dashlane, eDeposit, Emida, IDology, InComm, Interactions, LearnVest, mBank & Accenture, Mitek, MoneyDesktop, Motif Investing, Numbrs, TipRanks, TradeKing, Yodlee
  • FinovateLOGO.jpgTradeKing wins FINRA approval for acquisition of GAIN Securities.
  • Numbrs AG earns $3.8M in funding from parent Centralway.
  • Interactions, LearnVest, mBank & Accenture, Mitek, Money Desktop, Motif Investing, TipRanks, and Yodlee pick up Best of Show awards at FinovateFall 2013.
  • InComm, in partnership with CVS/pharmacy wins Best Third-Party Card Retailer Award.
  • Standard Distributing and Other Side Produce select eDeposit as their web and mobile payment solution.
  • Emida launches new smartphone POS app, available worldwide.
  • IDology launches ExpectID Global, an international expansion of its solution.
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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