Author: Julie Muhn (@julieschicktanz)

Finovate Alumni News– December 11, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Cachet Financial Solutions, Doxo, Lending Club, NICE Systems, SAGE SA, TSYS
  • Finovate-F-Logo.jpgDMG Consulting ranks NICE as the speech analytics market share leader for the fifth consecutive year, and as the contact center WFO market share leader for the first half of 2013.
  • Cachet Financial Solutions partners with YellowPepper to bring mobile deposit technology to Latin American Marketplace 
  • Midway Sewer District launches on doxo; more than 8% of customers go paperless in the first 90 days.
  • See BehavioSec’s Best of Show winning demo from FinovateAsia 2013.
  • Pymnts.com talks with Jonathan Hancock of TSYS on curbing card-not-present fraud.
  • Sage adds daily spending limits, funding rules to their Business Prepaid Visa Card mobile app.
  • American Banker reports: Lending Club Targets Small Banks with Personal-Loan Push http://bit.ly/19CcyQq
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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Innovations at FinovateEurope 2014: Part 1

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014

FinovateEurope2014wdatehighres.jpgLast week we revealed 54 of the 64 FinovateEurope 2014 demo companies that will show off their innovations on stage in London. Below, we’ve described each company in more detail. Get your ticket here to be a part of the crowd on February 11 and 12.

Here are the descriptions of the first half of the demoing companies (in alphabetical order):

  • AdviceGamesLogo.jpgAdviceGames is world’s leading digital advice company, launching the first scientifically developed omni-channel advice services platform globally.
  • capitalcubelogo.jpgAnalytixInsight’s CapitalCube algorithmically analyzes market and company data to produce research on 45,000 companies and 1500 ETFs.
  • AtsoraLogo.jpgAtsora is disrupting the e-banking experience for small and medium businesses.
  • ArxanLogoPrint01.jpgArxan provides ‘Gold standard’ Mobile Application Security. Deploy applications with tamper-resistance to innovate with confidence.
  • AvokaLogo.jpgAvoka: In the future, every transaction will be digital. Avoka Transact delivers the future today.
  • BackbaseLogo.jpgBackbase announces complete mobile enrollment application for financial services.
  • BehavioSecLogo.jpgBehavioSec allows you to add transparent biometrics for multi-layered security.
  • buttercoinlogo.jpgButtercoin is disrupting the $500 billion Remittance Industry with the power of Bitcoin.
  • CRIFLogo.jpgCRIF offers consulting, data, predictive analytics and technology solutions to achieve optimized and innovative decision-making throughout the credit value chain.
  • currencytransferLogoNew.jpgCurrencyTransfer.com offers the world’s first live, transparent and competitive price feed aggregator for the SME and Corporate market.
  • DeviceIdentLogo.jpgDevice Ident offers expert anti-fraud solutions for European companies within the e-commerce and financial sectors.
  • encapLogoOrange.jpgEncap is a software security company that bridges the gap between banking grade security and user experience.
  • etronikaLogo2.jpgETRONIKA is developing innovative solutions for banking and e- business, using advanced and secure technologies.
  • ExcessReturnLogo.jpgEXCESS RETURN helps users find the very best trading ideas, enhance their performance and minimize their risk.
  • EZBOBLogo.jpgEZBOB is an innovative, online, fully automated lending provider for small and medium businesses in the U.K.
  • fastcashlogo.jpgfastacash is a social payments platform that enables users to transfer value across any social platform.
  • FeedzaiLogo.jpgFeedzai uses machine learning and big data to let banks stop fraud before it happens.FiservLogo2.jpg
  • Fiserv provides digital banking and payments solutions to financial institutions across the globe.fivedegreeslogo.jpg
  • Five Degrees invigorates banks withMatrix: a customer centric dialogue and case driven bank platform
  • IND Group is a leading innovator and developer of digital banking, PFM and payments technology.
  • ITSectorLogo2.jpgITSector is an award winning, multi-channel and sales banking solutions company. It offers integrated multi-channel and sales solutions for large financial institutions.
  • JumioLogo.jpgJumio is a next generation credentials management company offering payments and ID scanning & validation products for mobile and web transactions.
  • KenshoLogo.jpgKensho creates Technological innovations that intelligently analyze the world’s financial and event data to deliver superior risk management.
  • KofaxLogo.jpgKofax is a provider of smart mobile and process automation software and solutions for the businesscritical First Mile of customer interactions.LifePayLogo.jpg
  • LifePay is the mobile solution provides allthe essentials of the standard cash register
  • luminous_logo_2.jpgLuminous We solve problems, that’s what we help banks do.
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Stay tuned next week to see the descriptions of the rest of the companies that will demo their innovations on stage at FinovateEurope.

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Emida Recruits David Kirtman as New CEO

By Julie Muhn (@julieschicktanz) Posted on
Categories: Emida

emidalogo3.jpg

Global prepaid solutions company, Emida, has recently added new talent to its team. It announced today that David Kirtman (LinkedIn) will join the company as its new CEO.

Kirtman brings years of stored value and payments experience to the California-based company. Prior to EmidaCEO.jpg joining Emida, David worked for iSend where he helped build the company’s in-kind international payments business.

Shane Belovsky, who was serving as interim CEO, will continue with Emida as COO.

Emida debuted its Cash and Transact service at FinovateFall 2012.

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Finovate Alumni News– December 5, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Better ATM Services, Dwolla, Expensify, Fiserv, Intuit, TSYS
  • Finovate-F-Logo.jpgDwolla announces partnership with Fiverr by giving away free Fiverr gigs.
  • FinovateEurope 2014 Presenting Companies Revealed.
  • Intuit to Acquire Docstoc, Small Business Document Startup.
  • Better ATM Services rolls out reseller network and announces first agreement with Express Teller Services.
  • TSYS earns spot on the National Conference on Citizenship’s The Civic 50.
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– December 3, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Blackhawk Network, Cardlytics, Digital Insight, Geezeo, Jack Henry, MasterCard, Swipely, wipro, Xero
  • Finovate-F-Logo.jpgSwipely expands to new HQ building.
  • Wipro to buy mortgage consultancy firm Opus Capital Markets Consultants.
  • Apex Community FCU to offer Geezeo white label PFM.
  • Forbes highlights Cardlytics‘ growth and future of card-linked offers.
  • Xero adds 2 Australian banking partners: Greater Building Society and Investec.
  • TechCrunch reports: Blackhawk Network Picks Up Gift Card Startup, Retailo, To Bolster Its Reach In Europe.
  • C-SAM launches MasterPass-powered (MasterCard) digital wallet solution for FIs.
  • Jack Henry Banking wins outsourcing contract with Univest Corporation of Pennsylvania.
  • NCR to buy Digital Insight from Thoma Bravo for $1.65 billion.
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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Forbes Highlights Cardlytics’ Growth and Future of Card-Linked Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics

CardlyticsLogoNew.jpg

In a recent article, Forbes profiled card-linked offers company Cardlytics, citing a number of stats about the five-year-old startup’s growth:

    • Has a view into 70% of U.S. bank customers
    • Serves 1 billion ads per month to an audience of more than 35 million customers
    • Powers the merchant-funded rewards platform of 400 banks, including Bank of America, PNC, Regions, and Lloyds. Across all 400 banks, Cardlytics drives $500 million in sales every quarter.
    • Claims to hold 80% of the merchant-funded rewards market, which is growing at 100% per year.
    • Has servers that, this year alone, have read 11 billion transactions that total $500 billion in spending
    • Anticipates grossing $50 million in revenue this year, $25 million in Q4 alone. Its revenue has grown 4x over last year.
    • Has raised $104 million

CardlyticsHomepage.jpg

Last year Bank of America launched BankAmeriDeals, which is powered by Cardlytics. So far, the program has saved customers $17 million, and the deals have generated $700 million in sales.

What if all of this growth slows to a stop? Lynne Laube, President and COO of Cardlytics, commented on other potential revenue streams. She receives many calls from companies such as hedge funds seeking to use Cardlytics’ data. This new revenue stream, however, could only be tapped if banks allow Cardlytics to use the data.

To learn more about Cardlytics, check out its demo video from FinovateFall 2013, where it debuted its geolocation application.

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Finovate Alumni News– December 2, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Currensee, Expensify, FinanceIt, LICUOS, Manilla, Mint.com, Place2Give, PlayMoolah, Saved Plus, Temenos, Yodlee
  • Finovate-F-Logo.jpgPlace2Give partners with GivingTuesday Canada to promote giving this holiday season.
  • PlayMoolah launches WhyMoolah in collaboration with DBS Bank.
  • FinanceIt welcomes Katie Robinson, VP of Strategic Innovation at FIS, and Mark Johnson, former vice chairman of CheckFree to its board.
  • In Xconomy post Yodlee CEO Anil Arora explains how financial apps will make people smarter & more open about money.
  • Temenos announces T24 implementations in three Ghanian FIs.
  • LICUOS featured in International Banker column on supply chain financial management.
  • Oanda announces first upgrade to its recently acquired social trading service, Currensee.
  • Mint, Manilla, Expensify, and SavedPlus listed among MyCurrencyTransfer’s “Top 10 Money-Saving Apps.”
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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D3 Banking Creator Lodo Software Brings in $3 Million

By Julie Muhn (@julieschicktanz) Posted on
Categories: D3 Banking, Funding, Lodo Software

LodoSoftwareD3Logo.jpg

Lodo Software, creator of D3 Banking digital banking services, has recently padded its bank account. The Nebraska-based company announced yesterday that it brought in $3 million.

Invest Nebraska and Treetop Ventures contributed the funds, which will be used to bolster sales and marketing efforts and develop more products.

D3Homepage.jpg

Since launching in 2007, the company has brought in more than $9 million.

Lodo Software debuted D3 Banking at FinovateSpring 2013. Check out the demo here.

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BillGuard’s New iPhone Features Bring Analytics and Coupons to Daily Spending

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard

BillGuard.jpg

BillGuard, the startup that alerts consumers of incorrect charges, has taken its platform to a new level today with the launch of analytics and deals features on its iPhone app.

Its self-titled Smart Money App has two new features:

  • Spending Analytics: helps users analyze their finances month-over-month by comparing spending habits.
BillGuardSpendAnalytics.jpg
  • Smart Saving: shares deals with users based on their spending habits that could help them save money. In order to keep coupons relevant to users, BillGuard lets them redeem or reject coupons. 
BillGuardCoupon.jpg

The launch of this update marks BillGuard’s transitions from a reactive financial management approach to a proactive one. Since users log into the New York-based company’s app an average of four times per week, it is hoping to make financial management a steady habit.

BillGuard’s app has consistently been listed in the top 20 free apps in the finance category. Check out Netbanker’s coverage here.

BillGuard launched BillGuard FI at FinovateSpring 2012. Check out the demo video here.

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Finovate Alumni News– November 26, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dwolla, Enloop, MasterCard, planwise, Zopa
  • Finovate-F-Logo.jpgIowa State student creates PayHere (for Dwolla) with startup’s API demo.
  • Planwise integrating into Solid Earth’s real estate platform, Spring, which provides listing and tax data.
  • Forbes lists enloop as 1 of 12 business writing tools to improve business writing.
  • Finextra blogger talks peer-to-peer lending and Zopa.
  • MasterCard announces partnership with Ogone to deploy MasterPass in Europe.
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– November 25, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Backbase, BBVA, Bright Funds, Check, EyeVerify, GMC Software Technology, GoBank, MasterCard, mBank, Meniga, MoneyDesktop, Moven, Yseop
  • Finovate-F-Logo.jpgAtos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.
  • Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.
  • Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous’ “Digital Banking Nirvana”.
  • American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.
  • Charitable givers now able to use Square Cash to donate via Bright Funds.
  • ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.
  • MasterCard now accepted for ATM cash withdrawals at Myanmar’s Ayeyarwady Bank Ltd.
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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BancBox’s Invest Platform Has Processed $4 Million on Behalf of 18 Companies

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancBox

BancBoxLogo.jpg

BancBox, a company that provides payment processing APIs, announced some metrics about BancBox Invest, its product that helps online crowdfunding portal companies manage payments. 

BancBox Invest, which launched three months ago, targets debt, equity, and revenue share models. Here are some stats it shared, three months into operation:

    • 18 companies are using the Invest API, including SeedInvest and Angel RoundUp
    • It has processed $4 million on the platform
    • Average investor funding totals $15,000
    • Average escrow size totals $250,000

BancBoxInvest.jpg

According to TechCrunch, the parent platform BancBox:

“manages $100 million in consumer deposits daily in nearly 200,000 individual accounts. Its transaction volume has increased 100 percent to nearly $2 billion annually.”

BancBox demonstrated at FinovateSpring 2012 where it showcased its payments platform.

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