Authentify Launches 2CHK Out of Band Authentication Technology

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Today, Chicago-based Authentify launched 2CHK, a secure and convenient out-of-band authentication service:

Here’s how it works:

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1) The user downloads the app on their smartphone and/or PC and links it to their account

2) In the background, 2CHK is “always on” and is connected with Authentify’s authentication service

3) The FI notifies the consumer of transactions and gives them the ability to approve or reject transactions (see image on right).

To learn more about Authentify’s 2CHK solution, watch its FinovateFall 2011 demo.

Finovate Alumni News– March 7, 2012

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  • The Consumerist features ReadyForZero.
  • MIT Technology Review covers Dwolla.
  • BlackRock teams with DCisions to improve contribution portfolio benchmarking & customer insight capabilities.
  • Dwolla, FamZoo, LendingClub, SecondMarket, & Segmint listed in the Coolest Startups in America book.
  • ProfitStars introduces BusinessManager for healthcare providers.
  • Authentify launches 2CHK out of band authentication technology.
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.

Tradeshift Introduces CloudScan to Simplify Invoicing

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Yesterday, Tradeshift introduced CloudScan, a product that brings invoicing online by removing the need to manually input invoices:

“Tradeshift CloudScan users can provide suppliers with a unique email address through which any document received is automatically converted into Tradeshift’s open digital format and appears seamlessly on the e-invoicing platform. By crowd-sourcing the validation of this data, businesses eliminate the process of laborious manual entry, while suppliers are paid more quickly than through conventional and sluggish approval processes.”

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CloudScan is free for suppliers and will launch in Spring of 2012.

To learn more about Tradeshift, watch its FinovateEurope 2012 demo (coming soon to Finovate.com).

Finovate Alumni News– March 6, 2012

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  • HelloWallet signs with Mercer to provide PFM tool to employees.
  • The Glass Hammer profiles Lynne Laube, President & COO of Cardlytics.
  • Desert News highlights ReadyForZero’s creativity in helping consumers understand credit card debt.
  • Money Marketing looks at practical ideas from FinovateEurope, uses Meniga as example.
  • Heartland Bank selects ID Theft 911 to provide ID theft protection management, and resolution services to customers.
  • Business Centric Services Group and partners launch new training workshop to empower businesses to market online.
  • Tradeshift introduces CloudScan to simplify invoicing.
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.

Bill.com Launches CashView, a Cash-Flow Predictor

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Last week, Bill.com launched a new dashboard that serves as a cash-flow predictor to help businesses improve their cash-flow over time.

American Banker reports

“The new feature is called CashView and it provides a snapshot of due bills and pending payments up to six weeks out, along with on-screen functional links that allow businesses to respond to future cash positions.”

CashView combines accounts payable, accounts receivable, and due date information to test what-if scenarios and graphically depict a user’s cash flow position.

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To learn more about Bill.com, watch its FinovateSpring 2011 demo.

Finovate Alumni News– March 5, 2012

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  • The Washington Post lists Kabbage as an alternative source of funding to bank loans.
  • Identity Theft 911 receives a 2012 International Stevie Award & an Excellence in Financial Literacy Education award.
  • Dwolla launches update to fix accidental transfers.
  • Silicon Republic profiles CurrencyFair CIO David Christian.
  • Main Street profiles Credit Sesame CEO Adrian Nazari.
  • American Banker reports BancVue sells credit card arm to First Arkansas.
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.

SigFig Wins Windows 8 First Apps Contest

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Earlier this week, SigFig announced that it was one of eight startups to win the Windows 8 First Apps Contest.

The contest gave developers three weeks to create an app for the Windows 8 platform that would be available for demo on the Windows 8 consumer preview.

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The Windows 8 contest judges were impressed with SigFig:

“SigFig Portfolio allows you to track your financial portfolio from various brokerage accounts, get related news, see how investments perform against major indexes, explore various analytics, track movement in your portfolio, and get investor recommendations. The SigFig team took the opportunity to deliver exciting new features to the SigFig Portfolio app for Windows 8 that they haven’t yet released on the SigFig website.”

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

Finovate Alumni News– March 2, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker reports: Prosper markets to small businesses.
  • InComm patents “Value Insert” solution for more effective RFID card products and services.
  • Business Insider rumors that Ashton Kutcher, an Iowa native, participated in Dwolla’s recent round of funding.
  • BOKU announces another partnership: teams with Vindicia for mobile carrier billing.
  • TechCrunch lists Holvi as 1 of 5 startups to watch from Seedcamp’s demo day.
  • Confident Technologies joins McAfee security innovation alliance.
  • miiCard shares its incentive for predictions from the FinovateEurope audience of the top 2012 trends.
  • SigFig wins windows 8 First Apps contest.
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– March 1, 2012

  • Kony and VASCO form alliance to offer a higher level of security for mobile applications.
  • Daily Disruption features Matt Fellowes, HelloWallet CEO, as the disruptor of the day.
  • Credit Union Times reports Fiserv melds P2P services ZashPay & Popmoney.
  • Finextra talks with Cartera Commerce, Cardlytics, Segmint, and Truaxis (formerly BillShrink) about how banks can use reward programs.
  • Finsphere awarded U.S. patent recognizing innovation in mobile identity authentication.
  • T8 Webware wins interactive media award at the 2012 ADDY Awards.
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.

Handpoint Headstart Wins 2012 Channel Awards

Thumbnail image for HandpointLogo.jpgMerchant payment company Handpoint announced today that the Headstart Mobile Chip & PIN solution won the 2012 Channel Awards at the Merchant Payment Ecosystem conference in Berlin.

The jury viewed Handpoint’s technology as the European response to Square and selected it for the innovative use of mobile technology with bluetooth communication. 
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To learn more about Handpoint, watch its FinovateEurope 2011 demo, coming soon to the Finovate website.

Weemba Celebrates 6 Months of Operation, Unveils Operating Stats

weembaLogo2.jpgWeemba, an online platform that matches borrowers to lenders, reached its first six month mark yesterday. The startup has seen continuous growth, and provides some stats:

Lending platform:
    • 2,000 borrowers
    • 45 lenders
    • 500 loan projects
    • Average loan amount of $75,000
    • Over 3x increase in number of loan projects since October 2011
Loan types:
    • Personal loans: just under 50%
    • Home & mortgage: 21%
    • Small business: 11%
    • Car/motorcycle/RV/ATV: 9%
    • Student loans: 5%
    • Healthcare: 4%
To learn more about Weemba, watch its FinovateFall 2011 demo.

ThreatMetrix Launches Program to Report Malware Capabilities

Thumbnail image for Thumbnail image for ThreatMetrix.jpgCybercrime solutions company ThreatMetrix announced yesterday it launched ThreatMetrix Labs, a program that informs financial institutions, government agencies, and retailers about that latest capabilities of malware:

“To generate each report, a team of independent researchers analyze, examine and reverse-engineer the most sophisticated malicious software running on computer systems worldwide.”

The public reports are available for free download. The first report was released this month and covers man-in-the-browser threats.
To learn more about ThreatMetrix, watch its FinovateStartup09 demo.