Yodlee Partners with Open Solutions

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PFM startup Yodlee announced today that it has formed a partnership with Open Solutions, a supporter of community financial institutions and credit unions.

“Open Solutions will be the first channel partner to launch the Yodlee Platform with the FinApp Center to its community bank and credit union customers. Yodlee’s FinApp Center is a consumer-driven marketplace for personalized financial applications, or Yodlee FinApps…”

Open Solutions hopes to have the FinApps available by early 2012.

To learn more about Yodlee’s FinApps, watch its FinovateFall 2011 demo.

Visa’s V.me Mobile Wallet To Compete With PayPal

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Yesterday, Visa unveiled its V.me mobile wallet that will compete with PayPal in “card number-shielded” online/mobile payments. 

Key features:

  • Use on PC, tablet, or mobile device
  • Use multiple cards
  • Need only username and password to checkout online

V.me hopes to differentiate itself from PayPal by also supporting payments at the physical point-of-sale. However, PayPal is working on that as well. 

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The service is currently invite-only in the U.S. and Canada, but Visa hopes to make it publicly available in early 2012.

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

Finovate Alumni News– November 17, 2011

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  • Expensify listed as 1 of 10 innovative startups that rocked the Under the Radar Conference.
  • Reuters blog explains how Prosper and Lending Club are cutting out the banker middleman.
  • LearnVest offers free personal financial advice today. Use the code LVDAYPASS100 to get a day pass.
  • Xconomy reports: BillGuard, Backed by Khosla Ventures, Wants to Stop Sneaky Credit Card Charges.
  • Seventure Partners and Naxicap Partners invest 4 million Euro in Mootwin.
  • Michigan Farm Bureau selects Identity Theft 911 to provide members with ID Theft Protection & Resolution Services.
  • Betterment integrates its goal feature with Mint.com and Pageonce.
  • Visa’s V.me mobile wallet to compete with PayPal.
  • Jingit sees good uptake on U.S. Bank 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.

Affinion Group To Distribute Finsphere’s Mobile Transaction Monitoring Service

finsphere_logo.jpgFinsphere announced yesterday that the Affinion Group will serve as the exclusive distribution partner of its Mobile Transaction Monitoring service to financial institutions in the United States.

Here’s how it works:

“The service’s unique algorithm takes into account not only a user’s current location, but the historical location of the phone and previous financial transactions, as well as the transaction amount and merchant to determine whether the transaction is high-risk and whether to alert the user.  Once a user receives an alert, they can call the appropriate financial institution or an FCRA certified identity theft expert to get help in resolving any potential issues.”

The Affinion Group will offer the service as part of a suite that provides consumer protection from identity theft.

To learn more about Finsphere, watch its FinovateFall 2010 demo.

Finovate Alumni News– November 16, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgApparel Retailer Aeropostale selects CashStar to provide e-gift cards.
  • CU Insight reports that Geezeo partners with IBT, a financial services innovator.
  • Dynamics’ Chip And Choice Technology wins 2011 CARTES Best in Show Award.
  • NY Daily News recommends LearnVest and DoughMain as resources for financial education.
  • Lendio inspires future entrepreneurs with $2,500 scholarship.
  • Arroweye approved to digitally produce Discover Cards.
  • ABA Banking Journal describes mobile banking, citing Celent’s report, “Innovations in Mobile at Finovate.”
  • Affinion Group to distribute Finsphere’s Mobile Transaction Monitoring service.
  • Betterment CEO Jon Stein interviews with top investment bloggers.
  • Centuryware discusses SecondMarket’s success.
  • Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.
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.

TrustedID Acquires Unsubscribe.com

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California-based TrustedID announced its acquisition of Unsubscribe.com, the creator of Social Monitor, an antivirus for social networks.

“Unsubscribe.com’s Social Monitor, the most advanced security tool for consumers using social networks, scans apps within Facebook, LinkedIn and Twitter accounts to determine their risk. Social Monitor has evaluated over 100,000 apps to date, covering more than 90% of all Facebook app installs.”

The tool allows users to assess the risk level of individual apps and, if necessary, remove them from their social-network account.

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

Lendio Works With LegalZoom To Bring Legal Resources To Users

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Yesterday, Lendio announced that it will work with LegalZoom to allow users to access legal resources on its platform:

“LegalZoom offers prepaid legal plans for individuals and small businesses at a cost of as little as $15 a month. Customers can obtain legal advice over the telephone and other services from an attorney licensed in their state.”

Bringing LegalZoom to the Lendio platform will provide users access to financing and legal resources in one place.

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

Finovate Alumni News– November 15, 2011

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  • FamilySearch now using eWise’s Secure Vault Payments Technology.
  • Business Insider recommends Credit Karma as a free way to learn your credit score.
  • Netbanker: WV United FCU offering both Square and Dwolla payments.
  • The Globe and Mail adds ticker content from StockTwits.
  • Brightscope holds off on adding yelp-like investor reviews in order to add a Q&A section to the site.
  • Wall Street Survivor launches affiliate program.
  • Williams-Sonoma works with CashStar to provide e-gift cards.
  • Lendio works with LegalZoom to bring legal resources to users.
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.

The Globe and Mail Adds Ticker Content from StockTwits

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The Globe and Mail announced yesterday that it has launched the StockTwits ticker stream on its website. Readers will be able to follow the news in real time and will be able to message the stream to Facebook, Twitter, and LinkedIn.

Here are the three features that The Globe and Mail has included:

    1. StockTwits tab to the ticker page
    2. StockTwits widgets to the story page
    3. Ticker widget on the StockTwitsScreenShot.jpgticker page

The Globe and Mail joins Yahoo! Finance, CNN Money, Reuters.com and Bing Finance as StockTwits content distributors.

To learn more about StockTwits, watch its FinovateEurope 2011 demo.

FamilySearch Now Using eWise’s Secure Vault Payments Technology

ewiselogo9.1.11.pngeWise’s Secure Vault Payments technology was featured in Bank Technology News last Friday. The electronic payment network began working with genealogical site FamilySearch to provide a payment platform that will allow it to collect donation payments on its website:

“When processing donations via Secure Vault, financial institutions authenticate the payer and provide FamilySearch with fast authorization. Minneapolis-based U.S. Bank, which is the first top-ten bank to offer Secure Vault, is sponsoring FamilySearch International into the Secure Vault network, a role similar to that of a merchant acquiring bank.”

While there are no numbers on increased donations yet, there has been a reported increase in donor interest.

To learn more about eWise’s platforms, watch its FinovateSpring 2011 demo.

Finovate Alumni News– November 14, 2011

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  • Credit Karma correlates consumers’ credit scores with their email domain name.
  • Fierce Finance IT looks to Cardlytics, BillShrink, Clovr Media, FMN Technologies & Segmint for transaction-driven marketing.
  • Credit Union Times shares Andera’s stats from bank-transfer day.
  • GCS Federal Credit Union to offer Geezeo’s online PFM tools.
  • CIBC selects Kony Solutions to develop and deploy CIBC’s mobile brokerage app.
  • City AM lists eToro as a way to sell your trading homework.
  • Citywire money discusses P2P platforms Zopa, Prosper, and 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.

Planwise Launches Financial Planning Tool Beta

Thumbnail image for Planwise(mifii) (2).jpgPlanwise released the beta version of its financial planning platform today. According to planwise:

“We think the beta represents the tip of what is possible, and we look forward to bringing you a stack of additional capability over the coming weeks and months and hearing all about your thoughts for the tool.”

The beta should last about two to four weeks while the team gathers feedback and fixes bugs. To get the inside scoop, I took a quick tour of the platform. Here are some screenshots that detail my experience: 

Profile-building page:

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Set-up page:
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Plan for a major purchase (note the reference tool integration):
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Secure sharing feature:
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You can try this beta for yourself here by using the code betanov.
To see planwise’s tool in action, watch its demo from FinovateSpring 2011.