Finovate Alumni News– November 27, 2012

  • Interactive Investor purchases DCisions, closes InvestorBee service.

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  • Finextra reports Rabobank Australia and NZ selects ThreatMetrix to secure online channels.
  • InComm & SkyMall Ventures partner to launch electronic gift card program.
  • Opus Research report recognises ValidSoft as leader in voice biometrics.
  • AloStar Bank of Commerce chooses Andera’s oFlows for online account opening.
  • TIO adds mobile bill pay app to its suite of services for El Paso Electric.
  • Radian Mortgage Insurance now available through Mortgagebot’s loan origination system.
  • E-invoicing Platform features AcceptEmail.
  • Xconomy examines how Giftly will disrupt traditional gift card market.
  • Luup signs partnership with Arab Link, provider of money transfer and exchange services in Abu Dhabi.
  • Personal Capital launches Android app.
  • Crunched lists On Deck in top 25 startups to work for.
  • TechCrunch reports Holvi Plans To Disrupt Traditional Bank Accounts With Simple But Powerful Services.
  • Citi Innovation Lab and SapientNitro honored at National Infocomm Awards in Singapore for next-generation banking experience.
  • ActivePath merges with PowerInbox.
  • Experian expands debt-collection product suite with TrueTrace.
  • DeviceFidelity launches moneto prepaid MasterCard.
  • BlinkMobile announces five more councils to adopt BlinkForms.
  • Klarna earns 2012 Entrepreneur of the Year award from European Tech Tour Association.
  • Money Smart Life reviews Betterment and Kapitall.
  • American Banker reports Betterment deepens finance advice features.
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.

Jingit Raises $7 Million

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Jingit, the startup that pays users to watch ads online, announced last week that it raised $7 million from undisclosed investors.

This comes after the $3.5 million round the Minnesota-based company raised last year, bringing the total investment amount to over $10 million.

Jingit demoed at FinovateFall 2011, where it announced that U.S. Bank will provide the Jingit debit card that users can swipe to spend the cash they earned watching ads. No word on the status of that trial.

To learn more about Jingit, watch its FinovateFall 2011 demo.

Finovate Alumni News– November 26, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker reports MoneyDesktop aims to make PFM more appealing.
  • Bass Pro Shops and Zappos.com added to Virtual Piggy’s digital distribution channel.
  • The Globe and Mail features SecureKey.
  • The Austin Statesman reports: Workers Praise Q2ebanking’s “Family-Type Environment”.
  • TransCard to use DeviceFidelity’s NFC tech to offer a new white-label mobile wallet. 
  • Kashoo Accounting version 2.0 for iPad now available on iTunes. 
  • Tech in Asia calls TradeHero “probably one of the best startup ideas in Singapore.”  
  • Ian McKenna takes a detailed look at innovations demoed at FinovateAsia.
  • Shamir Karkal, Simple CFO, explains where Simple’s ideas came from and how the project got off the ground.
  • The Banker interviews Bailey Klinger, Co-founder and CEO of EFL.
  • BancBox to set up a development center in Chandigarh, India.
  • Greedful.com features WeSeed: “The Stock Market Game that Pays Off”. 
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.

On Deck Releases Growth Figures

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Online lending platform,On Deck Capital, released growth numbers late last week. Here’s a quick summary:

    • Over the past 6 months the number of On Deck distribution partners has increased by 50%
    • The partners in the network reach more than 1 million businesses such as:
– banks
– leasing companies 
– funding advisors
– accountants
– payroll firms
    • On Deck has opened offices in: 
– Atlanta
– Sarasota
– Chicago
– Los Angles
 

As of this month, the platform has delivered over $300 million to U.S. small businesses.

To learn more about On Deck, watch its FinovateSpring 2012 demo.

Finovate Alumni News– November 20, 2012

  • Backbase introduces My Backbase Academy, online training program.
  • Virtual Piggy signs agreement with Active Ride Shop to bring its youth payments technology to their online store.
  • Bank Innovation reports: MoneyDesktop Officially Releases Its MoneyMobile PFM App.
  • Billhighway honored with 2 workplace awards.
  • Compass Plus launches instant issuance solution
    on TranzAxis.  

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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– November 19, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgShares Magazine recognizes eToro for Best Use of Social Media.
  • Business Insider tours LearnVest’s New York office.
  • American Banker reports: Artisans’ Bank Chooses Andera’s Account Opening System.
  • American Banker looks at how Banno’s (formerly T8 Webware) Help Me Decide feature gives consumers an advantage when selecting which card to use.
  • Bazaarvoice completes $6.7 million financing related to acquisition.
  • Zions Bank and Access Development introduce mobile payments app.
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 2012 In the Press

Here’s a look at the press coverage from FinovateAsia 2012 last week in Singapore:

Campaign Asia

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London-based brand innovation agency northandsouth launches in Singapore
by Racheal Lee

The Digital Insurer
Finovate Singapore – A very impressive conference for financial services technology
by Hugh Terry

e27

3 finance startups that caught our eye at Finovate 2012
by Jacky Yap
Finextra
UBank gathers transaction data for spending comparison site
IT News
UBank unveils spending comparison tool
by Liz Tay
Money Marketing
Barclays to launch basic financial planning software
by Sam Macdonald
Ian McKenna: Asia shows the way for tech developments
by Ian McKenna
Ian McKenna: Banks will increasingly use technology to attract IFAs’ target market
by Ian McKenna
sg Entrepreneurs
Perfectsen launches The Hook, which lets banks serve online ads based on user’s transaction history
by Terence Lee
SocietyOne blog
SocietyOne announced as ‘Best Of Show’ Winner at Finovate Singapore
by Matt Symons 
Startup Central
Heckyl, Clari5 and BankBazaar showcase at Finovate S’pore 
Tech in Asia
Striata Lets Banks and Customers Go Paperless
by Willis Wee
TradeHero: Probably One of the Best Startup Ideas in Singapore
by Willis Wee
What Do Obama and Citibank Have in Common?
by Darius Cheung
Techgoondu
Three financial tech start-ups to watch
by Aaron Tan

PlayMoolah Wins Sibos Innotribe Challenge

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Earlier this month, online financial literacy platform for kids, Playmoolah won the startup challenge at Innotribe, an innovation breakout session at Sibos.

The Singapore-based startup gave a 10-minute pitch at Innotribe, competing against 10 other startups*, and was named the winner, earning $50,000 in cash as a prize. Playmoolah plans to use the money to make its platform even more interactive and add multi-lingual versions.

To learn more about Playmoolah, watch its FinovateFall 2012 demo.

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*In order to compete, companies were required to be less than 3 years old and have no more than $12 million in combined revenue and funding in the past year.

Finovate Alumni News– November 16, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInternational Adviser features The Currency Cloud.
  • Time Magazine looks at P2P lending strategies with Prosper and Lending Club.
  • ThreatMetrix Wins Bronze for the Enterprise Product of the Year in Best in Biz Awards 2012.
  • Blackhawk Network reaches multiyear agreement with Facebook gifting app, Wrapp.
  • Vestas Wind Systems signs with Tradeshift.
  • Bazaarvoice appoints CFO Steven Collins to CEO.
  • Acculynk announces First Data Corp Executive VP Mark Herrington to join Board of Directors.
  • TechCrunch: Flint Mobile exits beta to take on Square with its camera-based mobile payment app. 
  • Portfolio Football re-brands, officially launches Sports Lever.
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– November 15, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHelloWallet launches new design for web app.
  • TIO Networks signs 5 yr agreement with City Utilities of Springfield to provide financial services.
  • TechCrunch reports Tradeshift Lands Huge Global Client For Its New CloudScan Product.
  • FutureAdvisor wins Bronze in Best in Biz Awards 2012.
  • Finextra reports Artisans’ Bank chooses Andera oFlows for online deposits.
  • American Banker reports CFPB to Collaborate with Startups BillGuard, Plastyc and Simple.
  • Ping Identity ranked Number 166 Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500.
  • Braintree expands to Australia, Providing Sophisticated Payment Tools for Australian Merchants.
  • Kony Solutions opens Brazilian office, announces Itau Unibanco as a client.
  • Allfiled today announced the addition of miiCard verified identities to its personal data service platform.
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– November 14, 2012

  • Canadian Contractor looks to CommunityLend’s Financeit as 1 of 3 ways to finance a renovation.
  • PandoDaily features Klarna’s checkout system.
  • USA Today considers how Kabbage helps small businesses obtain funding.
  • Geezeo signs Methodist Healthcare FCU.
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 2012 Live Twitter Transcript

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Here is the live Twitter transcript from @Finovate during FinovateAsia last week:

Entries appear in chronological order.

Session 1

  • Innovation Agency begins Finovate with a unique new platform for fostering ideas internally.
  • Innovation Agency’s Innovation Café can be white-labeled & integrated with SharePoint, Oracle, and WebSpace; has mobile app
  • TIBCO Software launching Contextual Mobility to deliver superior offers on the go 
  • TIBCO demoing merchant’s social dashboard where they can converse with users (via facebook-like UI), track performance, etc.
  • Heckyl launching real-time trading & news dashboard to view aggregated info from millions of sources
  • Heckyl UI for traders. Color codes on news shows sentiment and trend over time; also has news cluster visualization 
  • eWise launching MyFin mobile banking platform PFM platform with account aggregation 
  • eWise demoing UI on iPad app; showing funds transfer; clients include HSBC, Citibank, Westpac 
  • Metaforic launching software to detect and respond to mobile security threats 
  • Metaforic system allows a variety of ways to handle attacks: warn, flag transaction, shutdown, silent alarm to bank, etc 
  • Backbase showing new Bank 2.0 portal; offers same UI across various devices 
  • Backbase showing how UI can be changed through online dashboard; using behavioral data, segmentation, etc
  • Striata launching its next-gen eBill; showing example in use by Barclays 
  • Striata e-statement includes interactive elements such as search, sort & cost saving “transaction dispute” right from the inbox
  • Perfectsen launches targeted ad platform, The Hook
  • Perfectsen showing how to “monetize” massive online/mobile banking traffic with highly-targeted ads located in wasted space
Session 2
  • Pendo Systems launching system to make asset data more transparent within banks 
  • Pendo Systems demoing Basispoint online dashboard; also has data visualization via iPad app 
  • Strands Finance launching its What If function within its PFM 
  • Strands showing what if on mobile app so users can look at what a purchase would do to their financial health
  • Barclays announcing launch of PFM powered by Strands, demoing UI to be available in a few days
  • CurrencyFair showing MarketPlace, a P2P currency exchange platform, that saves up to 90% on fx
  • CurrencyFair new MarketPlace allows users to ask for a certain price in the marketplace 
  • SocietyOne demonstrating Smartphone Loan Application that enables 3-min loan app 
  • SocietyOne runs P2P marketplace in Australia; uses Yodlee for acct access
  • Fiserv showing Mobiliti Reach Mobile Banking & Payments Platform
  • Fiserv demoing Control Centre management platform for mobile service offerings
  • Figlo launching tablet version of it PFM platform; demoing it at its client Knab Bank
  • Figlo showing how it connects to actual advisors within the platform; UI shows how current decisions change long-term finances
  • UBank from NAB launching People Like U allows customers to compare their spending/finances with peers 
  • UBank showing how to run http://peoplelikeu.com.au comparisons; uses transactions from 2.5 million users in Australia
  • Tagit launching Open Platform where merchants can develop and deploy mobile apps 
  • Tagit demoing creation of new app & offer and then shows new results across 4 different phones
  • DemystData demoing Credit-in-a-Box which shows how it uses big data to make better decisions
  • The DemystData system allows bank to accept more loan applicants
Session 3
  • Austria’s Smart Engine launching its offers platform
  • Smart Engine demoing the creation of a direct mail offer via its online dashboard; showing offers delivered to mobile 
  • BellaDati launching business analytics system for banking data
  • BellaDati has comprehensive data visualizations via online dashboard or mobile; showing developer tools & Salesforce integration 
  • Wipro Technologies launching SmartOffers digital offers/coupons platform
  • Wipro demos how offers appear on phone, limit to 3 to keep them relevant; showing mobile integration with mobile wallet 
  • BankersLab launching Sc
    oringLab a “flight simulator for bankers” to teach credit scoring
  • BankersLab showing how it gamifies training; demoing mobile BancIt option
  • InterAcct Solutions launching EZYsecure mobile authentication system 
  • InterAcct Solutions demoing how its delivers a popup overlay over mobile screen; user cannot miss and can stay on same screen 
  • InterAcct Solutions launching this year in Indonesia with a major bank
  • BankBazaar.com launching 7-minute Credit eApproval across online, mobile, and tablet interfaces
  • India’s BankBazaar.com demoing its 3-step loan app process; showing how it looks at ICICI Bank & Axis Bank 
  • PocketSmith launching cash flow forecasts; can see whole month calendar view with projections 30 years out 
  • PocketSmith demoing Zillow integration so to do what-ifs with the exact houses you are looking at buying
  • PocketSmith has a tool called “Mint Express” which allows users to transfer data from Mint to PocketSmith
  • Zighra launching ZFraudShield authentication system
  • Zighra adds a “crowdsourced” option, layering in a check of existing users to see if anyone has previously flagged trans as fraud
Session 4
  • Entrepreneurial Finance Lab’s Credit Scoring Tool allows lending to thin/ no-file small biz 
  • EFL has mobile tool to assess entrepreneurial ability & willingness to repay loans using personality testing; proven at banks
  • ayondo launching a social trading platform with “follow the followers” feature
  • ayondo showing portfolio dashboard and trading tools; version 3.0 out later this month 
  • BlinkMobile demos platform for creating mobile app-like experiences; showing “branch queue” app
  • BlinkMobile showing insurance claims app with photo integration & sketching capability 
  • Sandstone launching SmartBank with online/mobile banking, PFM & loans 
  • Sandstone showing loan application via iPad with home value integration; includes loan monitoring tool for user after submission 
  • Luminous launching BankFiling, which streamlines filing of docs by sm biz clients
  • Luminous showing how loan officer can identify problems & opportunities, e.g. to add interest penalty or cross sell
  • TradeHero launching virtual brokerage community for traders 
  • TradeHero demoing mobile trading leader board, with “trade heros” and their followers, which pay a fee shared with traders
  • Vermilian launching bancapp, a mobile platform using tile-based navigation 
  • Vermilian showing secure mobile inbox for secure messaging; demoing campaign with mobile product landing page & buying process 
  • Pandai showing P2P lending platform for the Chinese market
  • Pandai considers underwriter to be “third customer” (after lender & borrower) so have designed good UI for them 
  • Pandai has different loans for each segment; is only P2P platform that allows lenders to sell their loans, all or partial loans
  • CustomerXPs launching Clarify iRM, real-time Relationship Manager with “inference engine” 
  • CustomerXPs showing ipad with Skype integration; voice commands; use case when customer needs more funds on trip
  • Finantix debuting multi-channel Sharp Digital Banking platform with social elements, gamification #finovate 
  • Finantix showing ipad app with money transfer; integration w university database; “wonder bar” for natural language search 
  • Finantix showing Apple Passbook integration
  • Thats a wrap folks. Thanks to everybody for a great inaugural FinovateAsia!! See you next year. 
  • Congrats to FinovateAsia 2012 Best of Show winners: CurrencyFair, Finantix, SocietyOne, & UBank.