Finovate Alumni News– October 23, 2013

  • Finovate-F-Logo.jpgOnline trading community tradimo and ayondo form partnership to offer tradimo users an alternative to active trading.
  • Tradeshift announces Dynamic Discounting as latest early payment offering to suppliers and buyers.
  • Dwolla partners with Alliance Data Systems to launch Dwolla Credit.
  • Wall Street & Technology takes a look at Fenergo’s report on client on boarding.
  • Zopa profiled in Yahoo Finance UK column on peer-to-peer lending.
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.

FinovateAsia 2013 Sneak Peek: Part 2

FA2013_logo.jpg

Here’s a sneak peek of five more companies who will demo at FinovateAsia next month in Singapore. These companies each gave us a glimpse of what they plan to demo.

If you missed our first sneak peek, check it out here. We’ll post the remaining companies in the next couple of weeks so stay tuned.  

To see all 37 companies demo live at FinovateAsia, get your ticket here.


ArthaYantraLogo.jpgArthaYantra’s Arthos is an online personal finance platform that replaces the traditional human advisor and provides holistic advice instantly.

Features: 
    • Online personal finance platform with instant, actionable advice
    • Replaces the need for a traditional human advisor
    • Create a financial plan, implement recommendations, and monitor performance
Why its great: 
Instant and end-to-end financial planning without visiting a traditional human advisor  

Founder1.jpg

Nitin B Vyakaranam
Founder and CEO of ArthaYantra with 14 years of BFSI and IT sector experience across countries. Holds multiple patents and is an avid personal finance writer. Earned an MBA from Indian School of Business.
founder2.jpg

Sunil Lingareddy
Co-Founder and CFO of ArthaYantra. A serial entrepreneur and mentor with business interests in financial services, pharma, real estate, energy and infrastructure. Earned an MBA from Indian School of Business.

LinkedIn


CustomerxpsLogo.jpg

Customer XPs is a leading real-time technology solution provider to banks worldwide. It will demonstrate paperless branch banking and intelligent queuing solution.
Features: 
    • Improved teller efficiency and productivity by intelligent queue processing
    • Improved customer experience by reduction in wait time
    • Reduced error rate
Why it’s great: 
It’s solution creates efficient queuing and paperless banking in branches. Quick deployment of the solution can be on mobile devices, tablets and PCs.

CustXPSFounder1.jpg


Rivi Varghese
Rivi is the CEO and has around 15 years of experience in the IT product industry. Rivi has international experience across 20+ countries and is credited with delivering at least 12 new-to-the-world products.
LinkedIn 










KofaxLogo.jpgKofax enables customer acquisition directly from the mobile device and, recognizing the importance of consumer engagement, Kofax will demonstrate on-boarding for an impactful customer experience.


Features:
    • Meet and service the customer via the mobile channel
    • Reduce operating costs and minimize drop-off rates
    • Build competitive advantage while increasing growth and profitability
Why it’s great:
Kofax Customer Onboarding improves the agility and profitability of your bank’s customer on-boarding processes by engaging customers via mobile devices.  

DrewHyatt.jpg

Drew Hyatt
Drew is a domain expert in mobile image capture. He works directly with top-tier FSI companies to develop mobile image capture solutions that integrate with and enhance their mobile strategies.

DimitriIMG.jpg


Dimitri Seneca Snowden
Dimitri is a visual strategist who leads solution innovation at Kofax. He has more than 13 years of experience in user interface design, user experience design and universal design.







Mobexologohires.jpg

Mobexo is reshaping the way we think about payment and financial services.
Features:
    • Mobile-specific security technology
    • Merchant portal, low-cost CRM system
    • Payment processing without additional hardware
Why it’s great:
Mobexo connects smartphone users to the physical and digital commodities of their lifestyles, without security and privacy issues and the inconveniences of traditional payment instruments.  

MobexoFounder1.jpg

Sopheap Lao
Founder and CEO of Mobexo, Sopheap has over 16 years as a Senior Accounting and Finance Consultant where he founded Heuristis Business Consulting. Sopheap is also an Open Source Evangelist.





MobexoFounder2.jpg

Jean-Marc Ly 
Jean-Marc is a serial entrepreneur from Silicon Valley and founded several startups that have been incubated in AcceleratorHK and Science Park incu-app. He is a startup advocate and mentor.



pixelirisCopsoniclogo.jpg

Pixeliris’ CopSonic enables contactless sonic and ultrasonic communication between smart devices for mobile payment and passwordless authentication available on phones and smartphones.
Features:
    • It turns any phone into a mobile payment device
    • It is truly contactless and entirely secure thanks to One Time Password and strong authentication
    • It replaces standard online passwords
Why it’s great:
With Copsonic, pay anywhere with any phone.  

PixelirisBrian.jpg

Brian Roeten (pictured)
Brian joined the team in 1999. Today, his experience and skills enable him to manage the company’s innovating international hightech projects.
Emmanuel Ruiz

Since he founded the company in 1995, Emmanuel Ruiz has initiated all innovations, from our first audio broadcasting systems to the recent sonic and ultrasonic contactless communication technology.


Stay tuned on the Finovate blog where we will publish parts 3 and 4 of our Sneak Peek series in the weeks leading up to November 14.

Finovate Alumni News– October 22, 2013

  • Finovate-F-Logo.jpgUS Storage Centers and PayNearMe unveil convenient electronic cash payments for self-storage tenants.
  • Actiance expands partnership with ZL Technologies to deliver enterprise and public social data into unified archive.
  • Blackhawk Network to acquire InteliSpend Prepaid Solutions.
  • Cachet Financial Solutions launches CheckRisk Pro, a tool to mitigate RDC risk.
  • Netbanker: Simple to launch bluetooth-based P2P payments.
  • The American Bankers Association endorses Q2’s enterprise solutions for secure virtual banking.
  • Flint Mobile announces launch of swipe-free mobile payment app for Android.
  • Bloomberg Businessweek takes a look at Motif’s “design-it-yourself investing.”
  • TechWorld Australia features P2P currency exchange innovator, CurrencyFair.
  • Fenergo, Aite Group report: Capital market firms prefer centralized client onboarding.
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.

Showing Our Age: A Look at FinovateAsia 2013 Demo Company Launch Timeline

At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012
  • BlueKite: 2013
    Total Funding: $1.5 million Seed funding
2011-2008
  • KlickEx: 2011
    Total Funding: $1.3 million
  • Mambu: 2011
    Total Funding: $2 million Series A

2007 or earlier
  • Yodlee: 1999
    Total Funding: $124 million
  • BehavioSec: 1998
    Total Funding: $2 million (€1.5 million)
  • Kofax: 1985
    Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.

_______________________________________________________________

All numbers and funding information sourced from Crunchbase.com

SaveUp Launches iPhone App to Take Savings Gamification Mobile

saveupLogo.jpg

SaveUp, the system that rewards you for saving money and paying off debt, is making it easier to access its platform. That’s because today, its free iPhone app is available in the Apple app store.

SaveUp’s web-based platform, which is protected by a 4-digit PIN, enables users to:

    • connect their financial accounts
    • track saving and debt repayment progress
    • use their credits to play for prizes on a daily basis
Prizes view
SaveUpmobilePrizes.jpg

View of users’ financial accounts
The San Francisco-based startup connects to more than 19,000 financial institutions.

SaveUpMobileExpenses.jpg

The majority of users log in to track their finances and play for prizes more than once per week.

To learn more about SaveUp, check out its live demo from FinovateSpring 2012.

Betterment Acquires ImpulseSave to Help Users Manage Their Goals Along with Their Investments

BettermentLogo8.25.jpg

Online investment management service Betterment helps consumers answer the question, “what should I do with my money?” Its online platform helps consumers manage ImpulseSaveLogo.jpgtheir investments with easy-to-use tools.

Today, in a move to bolster its offering, Betterment has acquired ImpulseSave, a consumer-facing tool that helps consumers visualize and save for their goals in increments. Check out our product review of ImpulseSave here.

BettermentISave.jpg

Existing ImpulseSave users will have access to their fully-functioning account until November first. After this point, savings funds can only be accessed through users’ online banking platform.

In order to encourage ImpulseSave users to make the transition, Betterment has offered the platform for free for three months.

Betterment last demoed at FinovateFall 2011 and ImpulseSave demoed at FinovateFall 2012.

Finovate Alumni News– October 18, 2013

  • Finovate-F-Logo.jpgInComm partners with Utah Transit Authority to launch FAREPAY Card.
  • Xero CEO Rod Drury wins the New Zealand Ernst and Young Entrepreneur of the Year Award.
  • TechCrunch reports: E-Loan Specialist Wonga Buys BillPay, The PayPal Of Germany.
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– October 17, 2013

  • Finovate-F-Logo.jpgPayments News: PayPal grows revenues 19%, adds 5 million registered users.
  • Gizmodo reports: Signifyd Checks Your Tweets to Make Sure Your Spending Spree’s Legit.
  • Wisconsin-based Rice Lake Utilities launches on doxo to provides customers a convenient way to receive and pay bills.
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– October 16, 2013

  • Finovate-F-Logo.jpgNew Xero Touch for iOS launches today.
  • ReadyForZero is expanding its online consumer offering to include the VantageScore 3.0 credit score.
  • Pando Daily looks at Tuition.io’s current usage numbers and funding status.
  • Finextra reports: Head of Capital One Bank small business lending joins Lending Club.
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– October 15, 2013

  • Finovate-F-Logo.jpgPayPal partners with Revel systems for its physical POS device.
  • TechCrunch interviews Ping Identity Founder, Chairman, and CEO Andre Durand.
  • Comarch launches mobile business banking solution in the U.K.
  • Looking for an app to manage your money? USA Today suggests solutions from three Finovate alumni: Manilla, Mint, and Check.
  • StreetFight features Leaf among its list of 5 mobile payment platforms with integrated marketing solutions.
  • Encap announces partnership with ForgeRock to bring multifactor intelligent authentication to OpenAM.
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.

Cloud Accounting Platform Xero Raises $150 Million from Investors and Shareholders

XeroLogo.jpgXero, a New Zealand-based company that creates cloud-based accounting software, has experienced a large growth spurt lately. Earlier this month, it officially launched in the U.S. and today it announced the largest installment of equity funding we’ve seen for a Finovate alum thus far.

The $150 million (NZ $180 million) in funding comes from a range of investors and existing shareholders. When combined with last year’s $49 million from Peter Thiel and Matrix Partners, and other previous rounds, the company’s total funding amounts to $230 million.

In the video below, CEO Rod Drury explains the funding and how it plans to use the cash.

Xero demoed at FinovateSpring 2011 where it debuted its Business Identification product.

Finovate Alumni News– October 10, 2013

  • Finovate-F-Logo.jpgBackbase on Track to Expand into UK Market. 
  • Arroweye Solutions launches EMV On-Demand.
  • ICBA Mortgage extends its agreement with D+H Mortgagebot.
  • InComm partners with Jackson Hewitt Tax Service to unveil new GPR card.
  • Digital Insight working with Delta Community CU to offer members digital banking services and solutions.
  • Guardian Analytics announces FraudMAP Connect, real-time collaboration platform & fraud intelligence community.
  • Cachet Financial Solutions launches new mobile money management application and platform, Select Mobile Money.
  • Equifax enhances underwriting decisions for lenders and businesses with release of advanced decisioning attributes.
  • Simple announces new MoneyDrop, instant P2P $$ transfer technology.
  • OnDeck ranked #20 in SellingPower Magazine’s 50 Best Companies to Sell For List.
  • Ven partners ValidSoft to secure virtual currency transactions.
  • SecondMarket CEO explains latest Bitcoin move.
  • Tyfone powers P2P m-payments in BVCU m-banking platform.
  • MasterCard joins Fast IDentity Online (FIDO) Alliance in support of innovation in online authentication.
  • Inaugural issue of FIS’s digital magazine FIS InMotion now available.
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.