BankersLab and FICO Launch New App in Brazil: Missao Positivo

Thumbnail image for BankersLabLogo.jpg

BankersLab, the company that gamifies financial learning, unveiled a new app in Brazil in conjunction with FICO today called Missao Positivo (Portuguese for “Mission Positive”).

The goal of the app is to:

    • help players take charge of their financial life
    • create a better understanding of their financial obligations
    • understand how payment behavior affects their credit options

FICO brings 57 years of experience in understanding how a consumer’s behavior impacts their credit risk. The new app helps it bring that knowledge to consumers with insights into how to improve their financial standing.

BankersLab last demoed at FinovateAsia 2012 where it launched ScoringLab. If you’re interested in seeing the lineup of companies for FinovateAsia this year, check it out here.

Finovate Alumni News– September 27, 2013

  • Finovate-F-Logo.jpg

      Real estate tech firm Tribus is integrating Planwise’s PFM to help homebuyers evaluate the affordability of listings.

    • MyBankTracker lists Check, Manilla, and Personal Capital as 3 finance apps just as good as Mint.
    • MoneyDesktop marketing video wins 2013 Telly Award.
    • PC World features 11 FinovateFall demo companies. 
    • Singapore-based MyHero earns $10M from Kleiner Perkins and others to enhance TradeHero app.
    • What’s the Next Big Thing in financial services? Ideas from FinovateFall and beyond.
    • American Banker: The cutting edge of online banking, as practiced by a Polish bank (mBank).
    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.

    What’s the Next Big Thing in Financial Services? Ideas from FinovateFall and Beyond

    Finovate conferences are all about innovation and “what’s next” in financial services. At the recent FinovateFall conference miiCard Founder and CEO, James Varga, compiled thoughts and ideas of people from all places in the industry

    The following clip is the first installment of his two-part series, detailing current trends in the fintech industry. In it, participants are asked, “What’s the next big thing in financial services?”

     

    Here is just a taste of the responses:
    • “Large-value transactions online, such as real estate transactions”
    • “Personalized financial services including social payments and social authentication”
    • “Mobile as primary interface with the customer”
    • “Shifting of lending risk away from banks and to more flexible, non-bank lenders”
    • “Giving customers a fantastic experience and capitalizing on it by making revenues from those customers”

    Watch the video for more from the presenters, sponsors, attendees of FinovateFall.

    The second piece in the series, Predictions for 2020 and Beyond will come next week so stay tuned.

    The Rumors Are True: eBay’s PayPal Acquires Braintree for $800 Million in Cash

    PayPalLogo.jpg

    After weeks of rumors, there’s no doubt you’ve heard of PayPal’s plan to acquire payments gateway, Braintree. This week, it pulled the trigger and dished out $800 million in cash for Chicago-based Braintree.

    According to PayPal CEO, David Marcus, this acquisition will help Braintree grow much faster than a normal, startup pace. In his blog post announcing the deal, Marcus states:

    BraintreeLogo2.jpg

    “Our resources will enable them to push the boundaries of innovation with ambition and confidence for consumers, merchants and developers around the world.”

    Braintree’s payment gateway, which launched in 2007, can handle 130 different currencies in more than 40 countries. It will continue operating as it normally does, servicing companies such as AirBnB, OpenTable, and Uber.

    Braintree last demoed at FinovateSpring earlier this year where it showed off its recently acquired Venmo touch technology.

    Asia-Based Finovate Alumni Score More Than $200 Million in Financing

    As we prepare to bring FinovateAsia to Singapore November 14, we researched the funding of six Asia-based companies who demoed at FinovateAsia last year. Combined, these companies raised more than $215 million from a variety of investors:

    BankBazaar, a credit processing platform that allows banks to offer consumers 7-minute credit eApproval on retail credit products.

    CustomerXPs creates technology that proactively senses cross-sell, attrition, customer engagement and fraud in real-time.
    DemystData enables real-time analysis of big data from consumers and SMBs, allowing for improved interactions as a result of richer, more relevant information. 
      • Venture Round: undisclosed amount from VentureLab
      • Series A: undisclosed amount from Accion and Arbor Ventures
      • FinovateAsia 2012 demo
    Heckyl provides real-time financial information, news analytics, trend matrix, and heat maps for coverage of markets, companies, and businesses. 
    TradeHero, a virtual trading community where the system models trades and ranks trader performance by proven returns on investment.
    Wipro, an information technology, consulting, and outsourcing company that delivers solutions to enable its clients to do business better.
      • Total of $205 million from cMango, Gallagher Financial Systems, Science Applications International Corp., and Promax Application Group
      • FinovateAsia 2012 demo

    The funding for these companies comes from a diverse set of investors, many of whom are based in Asia. Janus recently published a piece outlining venture funding options available to Singapore companies. For the most part, Singapore’s equity financing scene is quite similar to the U.S., but there are a few significant differences:

      • The VC scene in Singapore is small compared to the U.S. and Europe
      • Singapore’s government actively pursues VC firms to invest in Singapore startups and entices them with tax and other monetary benefits
      • There are more than 100 VC firms in the city today
      • Many VC firms in Singapore focus on late-stage expansion financing, but some offer financing for early-stage startups
      • Types of VC firms in Singapore range from independent limited partnership to corporate-backed firms
      • Singapore VCs are attracted to services, manufacturing and the high-tech industry

    At this year’s FinovateAsia, while not all demoing companies are looking for funding, each will show up to the MAX Atria @ Singapore Expo stage with their newest technology. Want to learn more? Check out FinovateAsia homepage or get your ticket here to be a part of the event.

    Prosper Brings in $25 Million, Adds Blackrock as Investor

    Long-time P2P lending player Prosper announced yesterday that it raised $25 million in private equity funding.

    Existing investor Sequoia Capital and newcomer Blackrock Ventures both participated in the round.

    The new installment, combined with the $20 million in private equity it received in January from Sequoia Capital, and its previous venture rounds of $75 million, bring the San Francisco-based company’s total funding to $120 million.

    Since launching in 2006, the P2P lender has acquired almost 2 million members and has funded $630 million in personal loans. It is growing at 100% year-over-year in revenue and new loans.

    Prosper demonstrated at the first Finovate, held in 2007 in New York.

    Finovate Alumni News– September 25, 2013

    • Intuit integrates QuickBooks with Square’s POS products via an API deal.
    • Xpenditure selects miiCard certified digital bank statements for expanded and automated expense report verification.
    • SafetyPay and Paymentez partner to offer Latin American gamers a secure and seamless payment option.
    • TechCrunch reports: SumUp cuts 2.75% per transaction fee across Europe.
    • PYMNTS.com talks small business lending with MasterCard and the Entrepreneurial Finance Lab (EFL).
    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.

    KlickEx Takes Home Top Startup Prize at Swift’s Innotribe Challenge

    KlickExLogo.jpg

    At Swift’s Innotribe last week, a group of startups pitched their latest fintech innovations to a group of banks, VCs, and tech gurus. The 14 companies, who were selected from a pool of 200 applicants, were given 6 minutes each to pitch the audience.

    Realty Mogul, P2P Cash, and recently-acquired Good April were among the companies vying for the audience’s attention and a $50,000 cash prize.

    KlickEx, who will demo at FinovateAsia in November, was selected as the top startup winner. The New Zealand-based company won the top prize for its regulated clearing house for banks and retailers.

    Homepage.jpg

    To see KlickEx demo live in Singapore, grab your ticket to FinovateAsia here.

    Finovate Alumni News– September 20, 2013

    • Finovate-F-Logo.jpgWashington-based Connection CU now providing MoneyDesktop PFM services to members.
    • TA Associates completes majority investment in Arxan Technologies. Terms not disclosed 
    • DoughMain’s new logo wins an American graphic design award.
    • NPR’s Marketplace takes a look at Manilla and the rise of automatic bill pay.
    • Wall Street Journal column on innovation in banking features Finovate alumni mBank and Ignite Sales.
    • PaySecure International from Acculynk helps solve authentication problems for merchants accepting non-US cards.
    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.

    What to Expect at FinovateAsia this November

    FAButtonBanner.jpg

    You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

    Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.


    AdMerchPaymntsLogo.jpg




    Advanced Merchant Payments’ innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses
    ArthaYantraLogo.jpg



    ArthaYantra provides personal financial advice online to everyone irrespective of what they earn
    BackbaseLogo.jpg



    Backbase brings social media to the bank, and the bank to social media
    behavioseclogo2013.jpg





    BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication

    BellaDatiLogo2013.jpg










    BellaDati is the agile business data analysis with human touch
    BlueKiteLogo.jpg





    BlueKite’s international bill payment service improves an immigrants’ ability to care for family back home
    surveyi2iLogo.jpg




    BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA
    CustomerxpsLogo.jpg



    CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally
    GMCLogo.jpg





    GMC Software Technology is a leading software developer of solutions that transform the customer experience
    iexceedLogo.jpg






    i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems
    INDGroupLogo.jpg







    IND Group is a leading innovator and developer of digital banking, PFM and payments technology
    IntuitionIntelligenceLogo.jpg






    Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels
    KlickExLogo.jpg



    KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well
    KofaxLogo.jpg




    Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction
    LuminousLogo.jpg





    Luminous is a boutique innovation company that has become synonymous with innovative banking around the world
    MambuLogo.jpg



    Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution
    MatchiLogo.jpg





    Matchi is a matchmaker for innovation
    mistral_250x94.jpg






    Mistral Mobile powers your mobile financial services to serve anyone
    MobexoLogo.jpg








    Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones
    MobinoLogo.jpg






    Mobino enables mobile payments for 5 billion people, from any phone, no credit card required
    Pangealogolowres.jpg




    Pangea Payments’ multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world
    RedZebraLogo.jpg



    Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns


    SaasMarketsLogo.jpg





    SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers
    Serverside13Logo.jpg





    Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results

    SinoLendingLogo.jpg





    SinoLending is the leading online lending platform in China
    SmartEngineLogo.jpg




    Smart Engine’s Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users
    TibcoLogo2.jpg




    TIBCO Software creates real-time, event-enabled solutions for the 21st Century
    TooTpayLogo.jpg









    Tootpay’s mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone
    TradenetLogosmall.jpg




    TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month
    TSYSLogo.jpg





    TSYS focuses on people-centered payments
    WLPCloudLogo.jpg





    White Label Personal Clouds’ Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations

    YodleeLogo2012.jpg



    Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data
    To learn more about FinovateAsia, visit the event page, check out the FAQ, or email [email protected].

    Finovate Alumni News– September 19, 2013

    • Finovate-F-Logo.jpgComdirect bank launches PFM Service powered by Meniga.
    • SafetyPay adds the U.S. and Caribbean as regions where global merchants can accept cash payments for online purchases.
    • Locaid launches Locaid Campaigns platform to provide location-driven marketing tools to SMEs.
    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.

    Applause Learning’s Coindexter Club Now Available to Credit Unions Partnered with My CU Services

    ApplauseLearningLogo.jpg

    My CU Services, provider of technology and payment systems for Credit Unions, recognizes the value that financial literacy programs for kids can bring to a brand.

    How do we know? Because the Pennsylvania-based service provider recently announced a partnership with Atlanta-based Applause Learning, creator of the Coindexter Club.

    Through this partnership, the Coindexter Club program will be made available to the more than 750 Credit Unions that work with My CU Services.

    CoindexterHomepage.jpg

    The program is targeted toward kids ages 5 to 12 years old, and aims to teach them how to spend, save and manage money in a virtual world that feels much like a video game. Credit Unions that sponsor the Coindexter Club for their members can include their logo within the game on ATMs, send kids a customized birthday card, and offer them branded apparel products.

    Applause Learning demonstrated the Coindexter Club at FinovateSpring 2012. Check out the demo video here.