Author: Julie Muhn (@julieschicktanz)

Xpenditure Brings in $1.25 Million in Funding

Xpenditure Brings in $1.25 Million in Funding
By Julie Muhn (@julieschicktanz) Posted on
Categories: Xpenditure
xpenditureLogo

Xpenditure, a mobile and web-based expense management platform announced today that it raised $1.25 million in funding from existing investors.

This funding, added to Xpenditure’s initial round of $1.75 million, brings the Belgium-based company’s funding to $3 million.

It plans to use the funding to expand its operations. In fact, it recently opened an office in New York City and plans to grow its team from 15 to 25 people by the end of 2014.

XpenditureHomepage

When users scan their receipts into Xpenditure, the system pulls all relevant data and organizes the information in its web-based portal. Once all of the users’ expenses have been uploaded and organized, they can export expense and reimbursement reports into their ERP software or a CSV file.

Xpenditure was developed in 2011 by CardWise, a company that specializes in prepaid card products.

Check out the demo video of Cardwise’s Xpenditure at FinovateEurope 2014.

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FinovateFall 2014 Demo Videos Are Ready for Your Viewing Pleasure

FinovateFall 2014 Demo Videos Are Ready for Your Viewing Pleasure
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014

If you were stuck in the office, scanning the Twitter feed while your colleagues attended FinovateFall a couple of weeks ago, we have good news! You can watch all of the action, as recorded live from the stage, in the FinovateFall demo videos we’ve released today.

FF14CrowdIMG

The 70 presenting companies showed off their newest technology, much of which is the result of years of hard work, in front of the record-breaking crowd of 1500 people.

To get started, feel free to watch the Best of Show winners:

AnchorID

blooom

CrowdFlower

LOYAL3

MX (formerly MoneyDesktop)

Nice

Toopher

Also, don’t forget to check out our Flickr feed that showcases photos from the demos, networking, and everything in between.

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Alumni News– October 7, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Blockchain, Boku, Credit Karma, Expensify, FutureAdvisor, InComm, Matchi, Spreedly, TIBCO Software, Tradeshift, WallStreetSurvivor, Wonga
  • Finovate-F-Logo.jpgMatchi opens global fintech challenge 
  • New Frontier Group to integrate BehavioSec’s behavioral authentication solution in online banking.
  • Boku acquires competitor Mopay, now covers 5 billion users.
  • BBC: Wonga to write off £220m of debts for 330,000 customers.
  • Financial Planning features FutureAdvisor.
  • Tradeshift announces new operations in Japan and Europe, new executive appointments.
  • Merchant Customer Exchange (MCX) partners with InComm to leverage its POS integrations.
  • WallStreetSurvivor.com launches Financial Education Courses.
  • Vista Equity Partners to take Tibco Software private for about $4.3 billion.
  • Expensify announces $3.5 million round led by Barracuda Networks.
  • Blockchain raises $30 million in growth capital.
  • Credit Karma announces equity investment of $75 million; $1 billion valuation.
  • Spreedly announces new investment; raises $750,000 in equity financing.
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 2014 in the Press

FinovateFall 2014 in the Press
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014
ff2014PressRoom

After FinovateFall late last month, we’ve been monitoring the press and have seen some great coverage.

While the record-breaking crowd travelled back to their offices, the journalists and industry analysts were heads down at their computers, covering the recently unveiled product launches and new technology. Thanks to everyone who covered this event!

We’ll be updating this post as additional press coverage rolls in over the next few weeks.

Here is the press coverage:

ABA Banking Journal 
Developers set strong presence at FinovateFall
by John Ginovsky
Finovate, the place to get noticed
by John Ginovsky
FinovateFall’s “Best in Show” selections
by John Ginovsky
Fintech future featured at NY event
by John Ginovsky
 
Investing, PFM innovations predominate FinovateFall
by John Ginovsky
New payment solutions debut at Finovate
by John Ginovsky
Security solutions locked in at FinovateFall

by John Ginovsky

Link

Aite Group
FinovateFall Recap: New Digital Advisors Make Their Debut 
by Sophie Louvel Schmitt

American Banker
Four Standout Startups at Finovate Day 2
by Penny Crosman
The Seven Strongest Tech Ideas from Finovate, Day One
by Penny Crosman
Bank Innovation
12 High-Flying Demos from Day 2 of Finovate Fall 2014
by Philip Ryan

Recap of FinTech Week in New York
by JP Nicols

Ten Winning Demos from Day 1 of Finovate Fall 2014
by Philip Ryan
Bank Systems & Technology
Behavior Biometrics a Popular Defense Against Cyberthreats
by Becca Lipman
Finovate Presenters Deliver on Omnichannel Banking
by Jonathan Camhi
How Will Consumers Pay in the Future? Any Way They Want
by Jonathan Camhi
Must. Kill. Passwords.
by Jonathan Camhi
Barlow Reserach Associates 
Innovation Is Booming
by Donna Arce

Barron’s 
Robo-Advisors Multiply
by Mike Hogan
Beyond the Arc
Financial services innovation: live from Finovate Fall 2014
by Steven Ramirez
Financial technology innovation – Finovate Fall 2014
by Steven Ramirez
Finovate 2014 – the final chapter
by Steven Ramirez
Finovate Day 2 continues from New York
by Steven Ramirez
Fintech Innovation – Live Blog from Finovate
by Steven Ramirez
Innovation in financial services – Finovate Day 2
by Steven Ramirez
Our video blog with an overview of Finovate Fall 2014
by Stev
en Ramirez
Technology and innovation for banks – Finovate Day 1 continues
by Steven Ramirez
Video interview with Finovate founder Jim Bruene on financial innovation 
by Steven Ramirez
Video recap: financial services technology and innovation from Finovate
by Steven Ramirez
Celent
Fintech and the Democratization of Investments
by Will Trout

CNBC
Five ways to get help with your 401(k)
by Beth Pinsker
ConsumerReports.org
How to invest like a billionaire
by Nikhil Hutheesing
New free tool may help you deal with debt collectors
by Tobie Stanger
One way to make money with a stash of cash
by Nikhil Hutheesing
CU Times
Credit Union Finovate NYC Favorites: Onsite Coverage
by Robert McGarvey
Finovate’s Day of More: Onsite Reporting
by Robert McGarvey
Finovate NYC Draws Record Crowd: Onsite Reporting
by Robert McGarvey

Financial Services Club Blog
There is no next big thing … get over it #finovatefall
by Chris Skinner
Finextra
Geezeo unveils white label biz financial management tool
Malauzai bids to bring mobile app experiences to the desktop
Matchi opens global fintech challenge
Top Image Systems launches Google Glass app
Yodlee launches custom API for FIs
Fox Business
One way to make money with a stash of cash
by Nikhil Hutheesing
Forbes
Too Nice To Fail: Can Moral Finance Save Your Bank?
by Dan Simon
6 New Apps And Sites To Manage Your Money
by Richard Eisenberg
FPPad
Finovate Fall 2014 highlights, Advicent Solutions acquires Figlo, and tour the Office of the Future
by Bill Winterberg
FT Adviser
Regional Box
by Simoney Kyriakou
Gigaom
More money, more startups: Once-closed financial industry makes a place for independent entrepreneurs
by Jeff John Roberts
HedgeCo.net
HedgeCoVest Demonstrates New Platform At Finovate New York
Alex Akesson

Kansas City Business Journal
‘Hometown Kansas boys’ Blooom wins best in show at Finovate
by Bobby Burch
OP startup Blooom pitches green thumb for 401(k) management
by Bobby Burch
VC opportunities already begin to bloom for startup
by Bobby Burch

PaymentsViews 
FinovateFall 2014 Day 1
by George Peabody
FinovateFall 2014 Day 2
by George Peabody

Retirement Income Journal
A New Robo-Advisor Eyes the 401(k) Space
by Kerry Pechter 

TechCrunch
With Karrot, Kabbage Digs Into Lending Club’s And Prosper’s Consumer Loans Business
by Ingrid Lunden

The Huffington Post UK
The Path of Financial Innovation
by John Davis
Thinking Bigger
OP’s Blooom Wins ‘Best in Show’ at Finovate Conference
by James Hart
Time
5 Ways to Get Help With Your 401(k)
by Beth Pinsker
Jewish Business News
Biocatch Opens Art Of Fraud Exhibit Online
by Gil Tanenbaum
JPNicols.com
Recap of FinTech Week in New York
by JP Nicols

Kansas City Star Technology
Overland Park financial tech firm Blooom wins big in New York
by Steve Rosen
MoneyMarketing
Holly Mackay: Seven wonders of the fin tech world
by Holly Mackay
Ian McKenna in the US: Digital advice goes mainstream
by Ian Mckenna
Ian McKenna in the US (Pt. 2): What we can learn from the States
by Ian Mckenna
MoneySummit
How All 7 of This Year’s FinovateFall Best of Show Winners Hit the Mark with Innovation and Utility
by Jon Ogden
Next Avenue 
6 New Apps and Sites to Manage Your Money
by Richard Eisenberg
Silicon Prairie News
Kansas City’s blooom takes home Best of Show at Finovate in NYC
by Megan Bannister
St. Louis Business Journal 
PayPal moving toward Bitcoin: TechFlash 7 things
by Brian Feldt
University of Tennessee Daily Beacon
Opinion: Control your capital, conveniently
by Jonathan Martin
Upstart Business Journal
Canadian startup Financeit expands into U.S. market to help merchants give consumer loans
by J Jennings Moss
It’s high school all over again: Bitcoin punks won’t play with the cool kids
by Michael del Castillo
Startup Blooom pitches green thumb for 401(k) management at Finovate
by Bobby Burch
Wall Street & Technology
Behavior Biometrics a Popular Defense Against Cyberthreats
by Becca Lipman
The Emergence of Virtual Financial Planners
by Adam Honoré
Modernizing Voice Bond Trading
by Adam Honoré
William Mills Agency Blog
Live Blog at FinovateFall 2014: Day 1
by William Mills III and Steven Ramirez
Live Blog at FinovateFall 2014: Day 2
by William Mills III and Steven Ramirez
FinovateFall Video Interview: Jim Bruene, Owner of The Finovate Group
by Steven Ramirez
FinovateFall Video Interview: Jonathan Rowe, CMO of nCino
by Steven Ramirez
Video Recap: FinovateFall 2014 Day 1 Morning
by William Mills III and Steven Ramirez
Video Recap: FinovateFall 2014 Day 1 Afternoon
by William Mills III and Steven Ramirez
Video Recap: FinovateFall 2014 Day 2 Morning
by William Mills III and Steven Ramirez

Did we miss anything? Please send a link to the FinovateFall coverage to julie@finovate.com and we’ll incl
ude it.

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FinDEVr 2014: Prudena Leverages Existing APIs for its Own Analysis Tools

FinDEVr 2014: Prudena Leverages Existing APIs for its Own Analysis Tools
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014, Prudena
This post is part of our live coverage of FinDEVr San Francisco 2014.
PrudenaLogo

Prudena showed how it uses existing APIs to develop its own analysis tools:

Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.
Presenter: Charlie Strout 
PrudenaHomepage
About: 
Prudena is a subscription-based online community and web-based toolkit dedicated to assisting value investors with financial analysis. By taking advantage of Prudena’s automated financial statement analysis tools, investors reduce the time it takes to perform high-quality fundamental research.
Website: prudena.com 

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FinDEVr 2014: Bionym Shows How its Wearable Nymi Band Can Create a Secure Banking Experience

FinDEVr 2014: Bionym Shows How its Wearable Nymi Band Can Create a Secure Banking Experience
By Julie Muhn (@julieschicktanz) Posted on
Categories: Bionym, FinDEVr San Francisco 2014
This post is part of our live coverage of FinDEVr San Francisco 2014.
BionymLogo_FinDEVr

Bionym showed use cases of how Nymi Band can be used in fintech:

Here I Am: Revolutionizing FI and Banking Experiences with Persistent Identity and the Nymi
Balaji is presenting the Nymi Persistent Identity vision and User flow and will review the key aspects of the SDK and Developer offering. In addition, he will propose and inspire discussion on select use cases in FinTech where the Nymi can improve engagement, security and customer satisfaction.
Presenter: Balaji Gopalan, Director of Platform
BioNymHomepage
About: 
Toronto-based Bionym is a team of experts in cryptography, biometrics and security. Our first product is the Nymi, a wearable device that enables the user to authenticate once via unique cardiac rhythm and securely and seamlessly assert Persistent Identity to any system.
Website: getnymi.com  
Twitter: @nymiband

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FinDEVr 2014: Morpheus Aiolos Shows its API for Banking

FinDEVr 2014: Morpheus Aiolos Shows its API for Banking
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014, Morpheus Aiolos
This post is part of our live coverage of FinDEVr San Francisco 2014.
MALogo

Morpheus Aiolos described how its API for banking works:

API for Banking
Our API standardizes the way an application can extract information from any bank account. We’re describing how it works, with some examples.
Presenter: David Lozano
MorpheusAHomepage
About: 
We are a company based in Spain that has developed financial software since 2012. We have two featured products: an API to extract bank transactions and a clone of Mint, which uses the API.

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FinDEVr 2014: BCL Technologies Unlocks Unstructured Text

FinDEVr 2014: BCL Technologies Unlocks Unstructured Text
By Julie Muhn (@julieschicktanz) Posted on
Categories: BCL Technologies, FinDEVr San Francisco 2014
This post is part of our live coverage of FinDEVr San Francisco 2014.
BCLLogo_FinDEVr

BCL Technologies showcased its Financial Data Extraction API:

Unlocking Financial Text
Explore the different use cases for BCL’s Financial Data Extraction API’s for unstructured text, to generate structured data Triplets.
Presenters: Bob Krumwiede, Director of Bus. Dev. and Hassan Alam, CEO & CTO
BCLHomepage
About:
BCL Technologies develops API’s for Financial Text Extraction that unlock Big Data in unstructured documents and websites, enabling FinTech Developers to easily extract structured Financial Triplets from any source.

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FinDEVr 2014: SimplyTapp Shows How Host Card Emulation Increases Security

FinDEVr 2014: SimplyTapp Shows How Host Card Emulation Increases Security
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014, SimplyTapp
This post is part of our live coverage of FinDEVr San Francisco 2014.
SimplyTappLogo

SimplyTapp stepped up to show off how it uses Host Card Emulation:

Host Card Emulation
Overview of SimplyTapp’s HCE solution and offering.
Presenter: Doug Yeager
SimplyTappHomepage
About:
HCE (host card emulation) experts and providers.
Twitter: @SimplyTappNews

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FinDEVr 2014: Plaid Demonstrates How its API Works with the Financial Infrastructure

FinDEVr 2014: Plaid Demonstrates How its API Works with the Financial Infrastructure
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014, Plaid
This post is part of our live coverage of FinDEVr San Francisco 2014.
PlaidLogo

Plaid showed how its API works for the infrastructure:

 
Plaid: API for Financial Infrastructure
Learn all about Plaid, the problems we’re solving, and the companies we power.
Presenter: William Hockey and Zach Perret
PlaidHomepage
About: 
Plaid powers financial technology applications. Using our API, developers can leverage the data and infrastructure of user bank accounts in a fast and secure manner.
Website: plaid.com

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FinDEVr 2014: Entersect Addresses Out of Band Authentication

FinDEVr 2014: Entersect Addresses Out of Band Authentication
By Julie Muhn (@julieschicktanz) Posted on
Categories: Entersekt, FinDEVr San Francisco 2014
This post is part of our live coverage of FinDEVr San Francisco 2014.
EntersektLogo

Entersekt looked at out-of-band authentication on mobile devices:

Securing Mobile Applications Through Transport lLayer Diversity

Mobile security is becoming increasingly important as more functionality is shifting to these devices. But how do we ensure the integrity of the phone and the server we’re connecting to? This is a common problem and has been addressed by recommending out-of-band authentication schemes.
Presenter: Christiaan Brand, CTO
EntersektHomepage
About:
An innovator in transaction authentication and mobile app security. Our one-of-a-kind approach harnesses the power of electronic certificate technology with the convenience of mobile phones providing financial institutions and their customers with full protection from online and mobile banking fraud.
Website: entersekt.com 
Twitter: @entersekt 

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FinDEVr 2014: Google Cloud Platform Outsources its Own Big Data Secret

FinDEVr 2014: Google Cloud Platform Outsources its Own Big Data Secret
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014, Google Cloud Platform
This post is part of our live coverage of FinDEVr San Francisco 2014.
GoogleCloudPlatformLogo

Google Cloud Platform shared its Big Data secrets:

Big Data on Google

Google has been the most innovative Big Data company in the World, having paved the way for highly distributed parallelized workflows. Technologies like Hadoop, Flume, Dremel, and HBase were made possible by Google’s research and development efforts. Now Google is outsourcing its own Big Data secret.
Presenter: Tino Tereshko
GoogleCloudPlatformHomepage
About:
Google Cloud Platform enables developers to build, test and deploy applications on Google’s highly scalable and reliable infrastructure. This suite of services allows developers to choose from computing, storage and application services for web, mobile and backend solutions.

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