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Backbase
Backbase will provide TCS Bank in Russia with a website integration solution through Bank 2.0 Portal. Link
Bill.com
Bill.com rolled out Sage Peachtree Sync, software for controlling bill payment and management. Link
BrightScope
BrightScope released its second annual list of the Atlanta-based companies with the best 401k plans. Link
CashEdge
CashEdge expanded Popmoney service by adding Popmoney for Prepaid. It also announced a partnership with TxVia. Link
Check Point Software Technologies
Check Point was listed on Acadian Asset Management’s Top 15 Buys list. Link
Cortera
Cortera announced a new version of its PULSE app, a customer monitoring service. The new version will add Growth Clues alert. Link
DebtGoal
DebtGoal hired Igor Vaks, former Experian CIO, as new COO. Link
eToro
eToro emerged as the preferred platform for building forex wealth through web trading. Link
Expensify
Expensify advertised on giant billboard in the Bay Area. Link
Fiserv
Fiserv announced improvements to its Relationship Rewards. Link
ID Analytics
CoreLogic partnered with ID Analytics to integrate ID Network with LoanSafe Fraud Manager. Link
ID Analytics will host Advance 2011, its 9th Consumer Risk Management Conference, this September. Link
IP Commerce
IP Commerce recently raised another round of funding. Link
Lending Club
Lending Club issued a record high of $17.5M loans in April. It is the 4th record month in the past 5. Link
Lending Club won Webby Award for the Banking/ Bill Paying category. Link
Mint
Mint won Webby Awards for the Financial Services category. Link
MoneyAisle
Mone
yAisle launched live auctions for unsecured personal loans to help consumers across a wide range of credit scores. Link
PayNearMe
PayNearMe raised $16M in funding from new and current investors. Link
Plastyc
Plastyc won a patent for improved online payment methods. Link
Prosper
Prosper increased loan volume by more than 50% compared to 3 months ago, issuing over $5M in new loans in April. Link
Yodlee
Yodlee is looking into developing mobile apps with new “FinApp Store” strategy. Link
FinovateSpring 2011 is a wrap. It was an inspiring two days, with 64 demos, all with an interesting twist or two or three on the state-of-the-art.
In the end, seven were chosen by the audience as best of show, but it was a tight race. Most companies received a significant number of audience votes and piles of business cards in the networking sessions.
The FinovateSpring 2011 Best of Show winners (in alphabetic order):
Congratulations! And thanks to everyone who presented, sponsored, attended and followed the #finovate tweets.
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Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites as the day went on and choose 3 favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. Note: Ballots with more than three companies circled will not be counted.”
4. The seven companies appearing on the highest percentage of submitted ballots were named Best of Show.
Last week, BrightScope launched Advisor Tool, a new and improved way to search for investment advisors.
Twin brothers Mike and Ryan Alfred founded BrightScope in 2007 with a goal to “bring transparency to opaque markets.” It accomplishes this through two free services:
Here’s how Advisor Tool works:
Results can be filtered by the following criteria:
Analysis
Besides sitting down with a phone book, asking Aunt Laura, or Googling financial advisors, users can search directly through the FINRA and the SEC databases. However, both have been described as “clunky” and “needlessly complex.” BrightScope brings web 2.0 search and discovery to this important area.
While the tool is powerful, it is not without limitations. The results are only as good as the sources of information used, primarily Financial Industry Regulatory Authority (FINRA) BrokerCheck database and the Securities Exchange Commission (SEC) investment advisor database.
search results will prove even more useful. BrightScope expects to be one of the most effective marketing tools available to advisors.