Finovate Alumni News– October 18, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTSYS signs payments agreement with Imperial Bank.
  • The Baltimore Sun mentions BillFloat & Prosper.com as two companies that are assisting cash-strapped consumers.
  • LearnVest launches LV Mom’s Newsletter & 2 new products: Baby On Board Bootcamp & LV Discussions.
  • Weemba gives small businesses simple, direct pipeline for raising financing pre-holiday season.
  • Morningstar recommends CheckFree to help control your bills by setting up automatic payments.
  • Continuity Control buys Compliance Services Group of Iowa & Kirschler Peterson & Associates of Atlanta.
  • Crain’s New York Business.com mentions BillGuard, BankSimple, Betterment, SecondMarket, On Deck Captial & Plastyc.
  • Jemstep launches out of beta to offer custom investment advice & guidance.
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.

Jemstep Launches Out of Beta to Offer Custom Investment Advice & Guidance

JemstepLogo.jpgJemstep launched an investment guidance and management service to the public today. The purpose of the free service is to help investors better control their financial future:

“Three years in development, the company’s patented investment evaluation technology analyzes more than 20,000 mutual funds and exchange-traded funds (ETFs) to identify the best investment options based on each investor’s unique goals and preferences. Data-driven, unbiased and transparent, Jemstep’s recommendations enable investors to decide what to buy, what to sell and what to keep.”

Jemstep CEO Michael Blumenthal describes the new service as personalized, objective, and actionable.

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

Q2ebanking Partners with Unwired Nation to Expand Its Mobile Banking

Q2ebankingLogo.jpgLast week, Austin-based Q2ebanking announced that it partnered with Unwired Nation, a company that provides mobile apps as a service.

“The enhanced offering is set to enable financial institutions to reach retail and business customers via multiple mobile channels and devices. Under terms of the agreement with Unwired Nation, Q2ebanking is to expand its ability to deliver mobile banking apps, making them available for both Android and iPhone users.”
Q2mobile, its ebanking platform, allows access to banking transactions at more than 300 financial institutions in the U.S.

To learn more about Q2ebanking, watch its FinovateSpring 2011 demo.

Finovate Alumni News– October 17, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGCS Federal Credit Union selects Geezeo to provide PFM service.
  • eToro Blog increases number of daily posts.
  • T8 Webware presents Thinc Iowa Opening Party Oct. 20.
  • Clairmail wins BAI Mobile Pace Setter Award.
  • Silver Tail Systems is selected as a SINET 16 Innovator.
  • CarryQuote wins prestigious 2011 Bully Award.
  • Everything Finance Blog reviews Prosper.com.
  • Bank Innovation reports that Tyfone now allows banks to provide clients with mobile wallet solution.
  • Financial Edge lists the Credit Karma blog as 1 of 6 blogs to help you budget better.
  • T8 Webware signs 14 bank customers to its Grip Platform.
  • Lighter Capital CEO Andy Sack guest-posts about
    revenue-based financing on AVC blog.
  • Q2ebanking partners with Unwired Nation to expand
    its mobile banking.
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.

T8 Webware Signs 14 Bank Customers to Its Grip Platform

T8WebwareLogo.jpg

Last week, Iowa-based T8 Webware was featured in American Banker article about the early traction of the company’s Grip mobile app launched at Finovate last month:
“Grip presents users with a consolidated view of their finances, including a dashboard of available cash and credit, across all aggregated accounts. It also mines aggregated transaction data for possible bank cross-sell opportunities.”
To learn more about Grip watch T8 Webware’s FinovateFall 2011 demo.

Expensify Develops Two New Features

Thumbnail image for Expensify.jpgEarlier this week, Expensify rolled out two new developments. One of these developments, called the Odometer Reading, helps users more efficiently record vehicle miles travelled:

“Now you can enter your start odometer reading before you go on a trip, save that value, and then after you get there, enter the end odometer reading, and we’ll calculate 
the distance and add that mileage expense.”
Thumbnail image for expensify odometer.jpg
To learn more about Expensify, check out its FinovateSpring 2011 demo.

Finovate Alumni News– October 14, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlphaClone launches “Alternative Alpha” index.
  • Forbes discusses Cardlytics and Offermatic’s approach & how they rival GroupOn.
  • Smart Money Mag details how FeeFighters can help cut costs in small businesses.
  • Jack Henry ProfitStars announces availability of the Gladiator NetTeller Enterprise Security Monitoring solution.
  • MyCyberTwin launches DIY Intelligent Virtual Agents.
  • Tyfone Introduces iCashe Mobile Wallet That Combines Mobile Banking With Digital Commerce.
  • UseMyServices partners with SafetyPay for mutual network expansion.
  • NYConvergence reports BankSimple prepares for its New York debut.
  • Business Insider recommends using BillGuard and Mint.com.
  • 24/7 Wall St looks at the P2P opportunity that Prosper brings.
  • McGuireWoods consulting is lobbying to Congress for the use of Dynamics smart cards.
  • Business Insider mentions Xero as a “great Web-based accounting tool.”
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.

BancVue Cracks the American Banker FinTech 100

IMG_1080.JPGThe FinTech 100, a list of the top revenue-grossing fintech firms, was announced Wednesday at BAI Retail Delivery

Nine Finovate alumni made the cut, including BancVue, debuting at number 95. Pictured to the right are James Ladas and Gabe Krarcek from BancVue. 
Here are the Finovate alumni, listed according to rank:

2011 Rank: 1
2010 Rank: 3
Fiserv

2011 Rank: 2 
2010 Rank: 1
2011 Rank: 10
2010 Rank: 11
2011 Rank: 18
2010 Rank: 18
2011 Rank: 19
2010 Rank: 20
2011 Rank: 24
2010 Rank: 15
2011 Rank: 34
2010 Rank: 34
2011 Rank: 62
2010 Rank: 76
2011 Rank: 95
2010 Rank: NR
See the full list here. To learn how the rankings are calculated, see the American Banker article

PayPal Announces New Deals with BancVue, mFoundry, USAA, & More

Thumbnail image for PayPalLogo.jpgThis morning at the BAI Retail Delivery conference, I met with Dan Schatt from PayPal to get the inside scoop on its financial innovations. Here’s what I found out:

1) It is introducing P2P payment capability with financial institutions. It is now live with USAA and will soon be developed for BancVue’s network of nearly 1300 community banks.
2) It has reached an agreement with mFoundry to bring mobile solutions that bring a native app experience to customers located all over the globe. 
3) It has teamed with NCR and S1 to allow customers to send real-time P2P payments directly from ATMs to another individual with a PayPal account.
4) It is partnering with MeridianLink to allow new bank customers to fund their online bank accounts by transferring funds directly from their PayPal account.
5) It has formed a relationship with ezRez Software that, starting next year, will allow consumers to use rewards points and travel miles as a “fluid currency” and deposit that money into their PayPal account. United Airlines customers will be the first to have access to this service through the MileagePlus program.

PayPal will be publishing the details about these exciting developments tomorrow, Thursday, October 13, and I will link to it here

To learn more about PayPal, BancVue, and mFoundry, check out PayPal’s FinovateSpring 2011 demo here, BancVue’s FinovateSpring 2011 demo here, and mFoundry’s FinovateFall 2010 demo here.

Finovate Alumni News– October 11, 2011

Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • Hastings Mutual Insurance Company selects Identity Theft 911 to offer Security Breach Response Coverage.
  • Andera acquires oFlows to “deliver the whole enchilada.”
  • mFoundry opens office in San Francisco.
  • Backbase announces Netherlands insurance co-op Univé, has chosen Backbase software. 
  • USA Today lists TradeKing as an option to help beginner investors.
  • Clairmail enhances adoption-services program with new benchmarking service.
  • Mitek Systems announces Mobile Deposit 3.0.
  • Q2ebanking enhances mobile banking solution, supports clients’ mobile strategies.
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.

Andera Acquires oFlows to “Deliver the Whole Enchilada”

Anderaoflows.jpgThis morning, customer acquisition company Andera announced that it has acquired San Francisco-based oFlows to deliver a paperless experience to online bank customers signing up for new products or services:

“The combination of Andera and oFlows technology and services will provide the first truly integrated acquisition and origination platform for all products across all channels–branch, call center, online, and mobile. You couldn’t ask for a better match”

The deal, which closed October 5, will combine the two companies. Andera will retain its branding and take on the oFlows brand as a product or platform name. 

Former oFlows CEO Scott Pitts will join Andera as chief product officer. Pitts says. “Together we deliver the whole enchilada.”
To learn more about Andera and oFlows, watch Andera’s demo from FinovateStartup 2008 and oFlow’s demo from FinovateSpring 2011.

Finovate Alumni News– October 10, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNY Times reports how BancVue works with community FIs to offer checking accounts.
  • Prosper looks at its growth and returns over time.
  • Cnet reviews the BankOns iPhone app.
  • CTV News recommends Wall Street Survivor as a learning tool.
  • BizNews looks at how Kabbage provides capital to online businesses.
  • SF Gate reports how PayNearMe makes paying bills easy for the underbanked.
  • CU Insight reports GCS Federal Credit Union signs with Geezeo.
  • Payments Journal examines CashStar’s plan for a mobile 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.