Author: Julie Muhn (@julieschicktanz)

BancVue Cracks the American Banker FinTech 100

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, BancVue, Equifax, Experian, FIS, Fiserv, Infosys, Jack Henry, Online Resources

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. 

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

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancVue, mFoundry, PayPal

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.

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Finovate Alumni News– October 11, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, Backbase, IDTheft 911, mFoundry, oFlows, TradeKing

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.

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Andera Acquires oFlows to “Deliver the Whole Enchilada”

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, oFlows

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.

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Finovate Alumni News– October 10, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancVue, BankOns, CashStar, Geezeo, Kabbage, PayNearMe, Prosper, Wall Street Survivor
  • 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.

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Finovate Alumni at BAI Retail Delivery Conference

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Adobe, Arroweye Solutions, BillShrink, Cardlytics, CashEdge, ClairMail, Dynamics, Equifax, Experian, FIS, Fiserv, FreeMonee, Guardian Analytics, Ideon FS, Kony Solutions, Lodo Software, MasterCard, mFoundry, Mitek, oFlows, On Deck Capital, PayPal, ProfitStars, Q2ebanking, SafetyPay, Sybase 365, Truaxis, VISA, Yodlee

BAIIMG2.jpg

The BAI Retail Delivery conference begins tomorrow with 29 Finovate alumni participating in sessions and/or exhibiting on the trade show floor.
Session Speakers
  • Tuesday, Global Game-Changer Session
    Speaker: Jim Taschetta from FreeMonee
  • Wednesday, Technology for Business Summit 
    Speaker: Mitch Jacobs from On Deck Capital
  • Wednesday, Technology for Business Summit Session 
    Speaker: David Eads from Kony Solutions
  • Thursday, Technology for Business Summit Session
    Speaker: Eric Connors from Yodlee
  • Thursday, Marketing & Product Management Summit Session 
    Speaker: Rod Witmond from Cardlytics
Exhibitors 
BAI Mobile Link
Mobile Link Panel Discussions
Solutions Theatre
Jim Bruene and I ([email protected]) will be in attendance and will update the blog and Twitter with new developments throughout the event. 

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Finovate Alumni News– October 7, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Credit Karma, FeeFighters, Kony Solutions, LearnVest, Lendio, Simple, Truaxis
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMountain West Capital Network names Lendio fastest-growing company in Utah.
  • Business Insider recommends signing up for BillGuard if you’re a victim of ID theft.
  • Firmology profiles Samurai by FeeFighters.
  • Truaxis wins the Innotribe Start-Up Challenge for StatementRewards Platform.
  • Kony names Sriram Ramanthan as Chief Technology Officer.
  • The Examiner advises using Credit Karma’s Credit Simulator and reading LearnVest’s blog to keep aware of money matters.
  • Dave Enjoys’ blog highlights features of BankSimple.
  • Credit Karma’s CEO Ken Lin reports What Banks and Lenders Know About You From Social Media on Mashable.
  • KAPITALL launches interactive news site KAPITALL WIRE.
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.

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KAPITALL Launches Interactive News Site KAPITALL WIRE

By Julie Muhn (@julieschicktanz) Posted on
Categories: Kapitall

kapitall-logo.jpg

Earlier this week, online investing platform KAPITALL launched KAPITALL WIRE at wire.kapitall.com:

“KAPITALL WIRE features timely, in-depth analysis of individual and screened groups of companies, and is enhanced by KAPITALL’s interactive tools, which are embedded in each article. KAPITALL WIRE crunches the numbers so investors don’t have to do the heavy lifting themselves.”

In addition to the articles, it also has sections on investment ideas and investing 101.

To learn more about KAPITALL, watch its demo from FinovateStartup 2009.

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Credit Karma’s New Feature Graphically Compares Credit Card Clientele

By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Karma

creditkarmalogo.jpgUsing data collected from 5+ million credit cards it tracks, Credit Karma recently released a new feature called Credit Card Statistics. It can be used by consumers, or banks, to compare the customer attributes of various cards or card issuers. 

The following portfolio metrics are available:

    • Credit-score distribution (see example below)
    • Average credit-limit distribution
    • Average balance distribution
    • Credit limit-utilized distribution
    • Age-of-cardholder distribution
CreditKarmaCreditCompare.jpg

It also provides a Yelp-like platform where clients can write and read reviews about the credit card.

To learn more about Credit Karma, watch its FinovateStartup 2009 demo.

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Dynamics Announces Multiple Agreements with Card Issuers

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dynamics

Thumbnail image for DynamicsLogo9.11.jpgYesterday, Dynamics announced multiple volume agreements with undisclosed card issuers to implement its next generation payment-cards technology such as: 

    • MultiAccount
    • Hidden
    • Redemption
    • Dynamic Credit Card 
Dynamics CEO Jeff Mullen states:
“This step is an important milestone for Dynamics. Card issuers have acknowledged the importance of our technology to empower customers with choice at the point of sale. Dynamics is very pleased with the growing roster of leading issuers that have endorsed and adopted our next-generation magnetic stripe technology.”

Initial orders have already exceeded 1 million units. To meet this demand, production will begin immediately and scale through 2012.

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

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Finovate Alumni News– October 6, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Credit Karma, Dwolla, HelloWallet, Kashoo, Offermatic, Simple, TILE Financial, Xero, Zecco
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights BillGuard’s monthly credit/debit card scan report.
  • Offermatic unveils OfferMatch, a pay-for-performance marketing channel that brings customers.
  • NBC Chicago names Ben Milne, Dwolla CEO, as a person to watch during Ideas Week.
  • WealthTouch partners with TILE Financial to create portfolio-reporting offerings for high net worth young adults.
  • Wall Street and Technology lists Zecco as 1 of 6 brokerages leading the way in social media.
  • New York Times blog reports BankSimple to go live on the Web next month.
  • HelloWallet announces its fall webinar series.
  • Business Daily Africa compares Xero and Kashoo accounting services with QuickBooks.
  • Credit Karma’s new feature graphically compares credit card clientele.
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.

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Lendio’s Partnership With Prosper Will Facilitate Small Business Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Lendio, Prosper

Thumbnail image for LendioLogo8.31.11.pngEarlier today, Salt Lake City-based Lendio announced a partnership with Prosper. Lendio CEO Brock Blake cites:

“In the short period of our partnership, about 80 Lendio 
clients have been approved to list through Prosper, resulting 

Thumbnail image for Prosper.jpg

in excess of $1,000,000 in potential loans.”
Through this partnership, Lendio and Prosper hope that they will enable more small businesses to secure funding through loans.
To learn more about Lendio and Prosper, watch Lendio’s FinovateSpring 2011 demo and Prosper’s FinovateStartup 2008 demo.

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