FiPath For Advisors Partners with Social Media Monitor Arkovi

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Yesterday, Atlanta-based FiPath for Advisors (a service of FiPath*) announced a partnership with Arkovi, a company that monitors and archives social media communications:

“The partnership will enable FiPath to integrate industry-leading social media archiving capabilities into its online platform. The Arkovi service is now available at a discounted rate to FiPath for Advisor members, who will have access to Arkovi along with other social media tools.”

FiPath is hoping that the availability of Arkovi’s services will help advisors generate client leads by participating in social media.

To learn more about FiPath, watch its FinovateSpring 2010 demo.

*FiPath was formerly eRollover. It changed its name late last year.

Finovate Alumni News– January 17, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAGBeat highlights doxo’s free cloud storage and bill pay.
  • Blogger Crystal Beasley analyzes the password selection process in Simple’s interface.
  • The Arizona Republic recommends using CreditKarma to compare credit cards.
  • PandoDaily reports, “Wealthfront: The Antidote to the Wealth Management Zombies”
  • FiPath For Advisors (formerly eRollover) partners with social media monitor, Arkovi.
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.

Lending Club Shares 2011 Accomplishment Figures

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In a blog post last week, Lending Club detailed its 2011 accomplishments. 

Here are some of the highlights:

    • Over 21,000 loans were originated
    • Originated loans exceeded $257 million
    • More than 24,000 new investors joined 
    • Over 460 million dollars in personal loans have been originated since Lending Club’s start in 2007

Other accomplishments include receiving an installment of $25 million in capital and being named to Forbes’ America’s Most Promising Companies list.

To learn more about Lending Club, watch its FinovateStartup09 demo.

Reuters Examines How Bobber Interactive’s GoalCard Gamifies Personal Finance

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Last week, Reuters looked at the gamification of saving money, using Seattle-based Bobber Interactive’s GoalCard platform as an example.

The article describes how Bobber’s combination of gamification with Facebook’s social networking capabilities encourages its Generation Y users to save money. Players can redeem points earned for cash prizes.

Reuters goes on to cite a study conducted by the National Bureau of Economic Research that states lower income families could be motiviated to save more money if incented with prize-linked savings accounts. Such gamified savings accounts are reported as well-tested and with widespread consumer appeal.

Thumbnail image for GoalCardScreenshot.jpgTo learn more about Bobber Interactive’s GoalCard, watch its FinovateFall 2011 demo.

Finovate Alumni News– January 16, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSmartMoney (Feb 2012) article, “Attack of the 6.5-point Typeface” cites research from Transparency Labs.
  • Rescuecom asks if Dwolla can become the new PayPal.
  • CNN Money names SmartyPig “Best Savings Alternative”.
  • Missouri News channel KY3 recommends using Prosper and Lending Club as a creative way to fund your business.
  • NY Times blog talks about LearnVest as a financial planner for the middle class.
  • AARP lists ChargeSmart as a future way to pay bills using unwanted gift cards.
  • FeeFighters hosts webinar about ecommerce on January 16.
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.

FX Empire Crowns eToro With Best Social Trading Platform Award

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eToro announced yesterday that it was selected best social trading platform by FX Empire, a financial information website:

“The committee of FX Empire, comprised of journalists, analysts and traders, decided in favour of eToro’s trading platform due to its ability to provide eToro customers with full transparency and control over their investment portfolio.”

The startup was chosen out of a large group by brokers who nominated eToro for the award.

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

cbanc Network’s FI User Base Grew Seven-Fold In 2011

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Online question and answer platform cbanc Network announced major growth figures earlier this week:

  • In 2011, it grew seven-fold from 500 to over 3,600 financial institutions 
  • Current count of individual users exceeds 7,710

The president of cbanc, Myers Dupuy, attributes much of this increase to Google searches. When Googling answers to certain pain points, many financial institutions were enticed by the user-generated answers found in cbanc’s platform.

This year the startup plans to add pro and premium levels to its membership options.

To learn more about cbanc Network, watch its FinovateFall 2011 demo.

Finovate Alumni News– January 13, 2012

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  • AOL’s Daily Finance lists LearnVest and ReadyForZero as resources to take control of your finances.
  • Entrepreneur test drives MyCyberTwin’s customer service bot.
  • FiPath unveils its Express Rollover Center.
  • cbanc Network’s FI user base grew seven-fold in 2011.
  • FX Empire crowns @eToro with Best Social Trading Platform Award.
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.

Billeo Announces Active eWallet API Tool

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Billeo, a startup that eases shopping and paying bills online, announced its Active eWallet API tool this morning:

“Once a credit, debit, prepaid or gift card issuer uses the API, the issuer’s card appears as an option in Billeo’s iPad and browser apps (ShopSmart, Offer Assistant and Bill Pay Assistant) allowing cardholders using any of Billeo’s free apps to easily add the card into their eWallet and use it while shopping or paying bills online.”

In addition, card issuers are able to use Billeo’s API to enhance their own apps and services to create. The API will allow issuers to connect to the 1.5 million Billeo users who pay online using Billeo’s iPad and browser apps.

To learn more about Billeo, watch its FinovateSpring 2011 demo.

FiPath Unveils Its Express Rollover Center

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Yesterday, financial guidance company FiPath (formerly eRollover), unveiled its FiPath Express Rollover Center, a tool to help consumers navigate the 401(k) rollover process:

“FiPath’s Express Rollover Center gives consumers the ability to quickly and easily sort through multiple rollover options to determine which option is the best match for them. The Express Rollover Center allows consumers to obtain and compare the basic information from each provider, including costs, fees, menu of services and more.”

FiPath’s 100,000+ users have the choice of either conducting the rollover themselves or receiving help from a financial advisor selected from the Rollover Center.

To learn more about FiPath, watch its demo from FinovateSpring 2010.

The Bancorp Bank to Issue Suze Orman’s New Prepaid Debit Card

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Finovate sponsor, The Bancorp Bank, recently announced it will be issuing Suze Orman’s new prepaid debit card, The Approved Card:

“The Approved Card created by Suze Orman carries her name and a promise of excellent benefits and value with no hidden fees. The Approved Card offers a wide array of benefits for a prepaid card, such as identity theft protection, TransUnion credit scores, reports, monitoring, transparent and competitive fees, as well as money management tools.”

Orman sees the launch of this card as the single most important thing she’s done in her whole career and considers it to be the answer for consumers who are looking for a better way to bank.

To learn more about the card, check out Ron Lieber’s article in the New York Times.

Finovate Alumni News– January 12, 2012

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  • Netbanker: Is BancVue’s Kasasa to Checking What “Intel Inside” was to PCs?
  • The Financial Brand reports Segmint’s Lifestyle Indicators target financial institutions’ online ads.
  • Ping Identity exceeds $100 million in total sales. Come see its live demo at FinovateEurope Feb. 7.
  • Actiance partners with EarthIntegrate to enable advisors to personalize content via social media channels.
  • ARS Technica describes how Dynamics technology can hinder on-and-offline fraud.
  • VentureBeat reports PayPal reaches $4 billion in mobile payments in 2011, a jump from $750 million in 2010.
  • ZoneAlarm publishes infographic on security concerns with online banking.
  • The Bancorp Bank to issue Suze Orman’s new prepaid debit card.
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.