ID Theft 911 Chosen to Offer Data Breach Services to Safeonline LLP

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Identify protection company ID Theft 911 announced today that Safeonline LLP has chosen to provide data breach services to its customers:

“In response to the growing need for businesses to protect themselves from data breaches, Safeonline LLP is providing Identity Theft 911 expertise to cyber liability policyholders to help minimize the chance of a breach and better safeguard personally identifiable information.”

In addition to this coverage, the package will also include online tools and resources.

To learn more about Identity Theft 911, watch its Finovate 2007 demo

Finovate Alumni News– December 7, 2011

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  • Credit Union National Association reports ProfitStars’ service helps FIs support energy markets.
  • Lifehacker recommends visiting Credit Karma or Credit Sesame to view your credit score for free.
  • Computerworld takes you behind-the-scenes with MyCyberTwin’s AI technology.
  • Kabbage joins the X.commerce Global Ecosystem.
  • ID Theft 911 chosen to offer data breach services to Safeonline LLP.
  • MyBankTracker explores how FeeFighters cuts payment processing fees for merchants.
  • Expensify lists growth figures.
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.

Zecco Unveils its New Trading Center

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In an effort to provide the best value in online trading, Zecco unveiled its new Trading Center today. 

The upgrade includes:

    • Extended hours trading
    • Conditional orders
    • Pre-configured options trading strategy

The user interface displays charts, balances, quotes in real time, and a trade ticket to help users act on investment decisions in a timely manner.

It is also preparing ZeccoUX.jpgfor the release of iPhone and Android apps.

To learn more about Zecco, watch its FinovateStartup 2008 demo.

Credit Unions See Positive Results From Mortgagebot’s PowerSite Technology

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Yesterday CU Members Mortgage and its partners highlighted the benefits from using Mortgagebot’s PowerSite application technology:

“Its easy-to-use interface, coupled with error-free automation, helps credit unions increase value exponentially despite the industry’s many variables.”

It also announced significant results. In the two months since the launch, CU Members Mortgage and its partners have seen faster loan processing along with a conversion rate of 65%.

To see PowerSite in action, watch its FinovateFall 2010 demo.

SavvyMoney (Formerly DebtGoal) Launches New Site, Adds Jean Chatzky to Team

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Yesterday, debt assistant SavvyMoney.com (formerly DebtGoal.com) announced the launch of its rennovated website:

“The new site has been launched to assist those dealing with this financial burden and the mounting stresses associated with debt. SavvyMoney.com offers unique, “do-it-yourself” products and services that help consumers organize their debt and set realistic pay-off goals, as well as providing advice on which accounts to pay off first to make the greatest impact.”

It also announced that Jean Chatzky has joined the SavvyMoney team to serve as its Director of Education.

To learn more about SavvyMoney.com, watch its FinovateSpring 2010 demo.

Finovate Alumni News– December 6, 2011

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  • P2P Lending News reports Prosper & Lending Club issued $37.4 mil in loans in November.
  • Trade Streaming interviews Rob Foregger, co-founder of Personal Capital, on the future of online investing.
  • mFoundry receives $18 mil in growth capital from MasterCard, Intel, FIS, and Motorola Mobility.
  • Bank Systems & Technology looks at how USAA uses Yodlee to aggregate accounts and power its PFM.
  • SavvyMoney (Formerly DebtGoal) launches new site, adds Jean Chatzky to team.
  • Steve Shivers, doxo CEO, speaks up about the potential cuts to the US Postal Service.
  • Credit Unions see positive results from Mortgagebot PowerSite technology.
  • Q2ebanking ranks on The Austin American-Statesman’s List of Top Workplaces.
  • Zecco unveils its new Trading Center.
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.

Square for the Holidays

image It’s not easy packaging banking products as holiday gifts. Prepaid gift cards are an obvious exception, though few banks actively market them online. And ING Direct’s Sharebuilder has for years sold a beginner’s investment package that’s intended to be given to kids or grandkids (see Wells Fargo/Sharebuilder 2002 holiday email below).

This year, Square joins that short list with a gift-wrapped box containing its iPhone/Android dongle, used to swipe credit cards. You can order 1, 2 or 3 packages online at a cost of just $1 each for the gift wrap. The dongles are sent to the buyer who must distribute.

I learned about it in an email right before the Thanksgiving holiday (screenshot below).

Bottom line: While recipients may be a little less impressed once they find out these dongles are free online, overall I love it. It’s really the payments advice doled out when giving the package that can make it special. 

Good idea and great email/landing page design: A

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Email received (22 Nov 2011)

Email from square promoting the "gift of square"

Landing page (link)

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Wells Fargo/Sharebuilder email from Dec 2002 (post)

Wells Fargo/Sharebuilder email from Dec 2002

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Note: We cover email marketing, financial website usability, payments and much more in our subscription publication, Online Banking Report.

GoalMine To Launch Holiday Gift Card Trade-in Service

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GoalMine, an investment service targeting the mass market, announced its holiday gift card trade-in service that will allow consumers to fund investment accounts using gift cards with leftover balances in excess of $25. 

Here’s how it works:

“After entering gift card numbers and values, customers will be prompted to create a free account, after which they can choose to apply their gift card values to one of GoalMine’s mutual funds or an FDIC-insured savings account. Accounts areGMGiftCard.jpg goal-based, so customers can easily allocate funds toward goals like buying a home, preparing for a new baby, or saving for a rainy day.”

The service will begin December 19 and last for a limited time after the holidays.

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

Two Credit Unions Deploy Credit Karma’s Tools On Their Online Banking Platforms

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NorthCountry FCU and A+ FCU members now have free access to Credit Karma’s credit management tools on their online banking website:

“Through a member-centric approach, Credit Karma’s service provides a monthly credit score and a suite of personalized credit management tools. The tools enable members to access their credit scores, easily digest information on credit scoring, empower informed financial decisions, and put their credit to work to get the best products for their credit profile.”

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Credit Karma provides the same white-label service to over a dozen credit unions and also makes the tools available to the public at creditkarma.com. 

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

Weemba Adds 3 Financial Institutions To Its Network of Lenders

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Social lending platform Weemba announced today that its network of lenders has expanded:

“New Weemba lenders include Crossroads Financial, Mercantile Capital Corporation and MedChoice Financial/Perform Finance, bringing the total number of lenders in the Weemba community to more than 30.”

In the four months since its launch, Weemba has seen hundreds of loan applications that range from $1,000 to 1 million.

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

Finovate Alumni News– December 5, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from Mint.com.
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma’s tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in service.
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.

Announcing the FinovateEurope 2012 Presenter Lineup

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FinovateEurope 2012 is just over two months away and it is shaping up to be a great conference. The quality and number of applications we received from companies seeking to debut their latest fintech innovations at the event was truly impressive. That quality meant hard choices for us during the selection process but it also means an amazing showcase of new ideas in European financial technology for the audience.

On February 7th next year, the following companies will take the stage
in London to demo their latest and greatest innovations (we’ll also be
revealing a couple of “stealth” additions to this list closer to the
event):

  • AcceptEmail
  • Actiance
  • Adobe
  • Backbase
  • BCSG
  • Cardlytics
  • CREALOGIX
  • CurrencyFair
  • DCisions
  • eToro
  • ETRONIKA
  • Fenergo
  • Figlo
  • Fiserv
  • Holvi Payment Services
  • iBrokr AG
  • IND Group
  • Ixaris Systems
  • Kabbage
  • Luup
  • Meniga
  • miiCard
  • Mootwin 
  • Nutmeg
  • PayPal
  • Ping Identity
  • Quid
  • Sandstone Technology
  • Serverside Group
  • Service2Media
  • Striata
  • Tradeshift
  • ValidSoft
  • Wipro Technologies

If you’d lock in your spot to watch the future of financial and banking technology debut in London next February, please register soon. Tickets for the event are selling quickly — well ahead of last year’s pace when we sold out weeks ahead of the conference. In addition, register by Friday December 2nd and you’ll get the affordable very early-bird price on your ticket.

FinovateEurope 2012 is sponsored by: BlueRock Consulting & The Bancorp Bank

FinovateEurope 2012 is partners with: BankerStuff, BankInnovation, Deutsch Startups, The Financial Services Club, The Financial Services Innovation Centre, and PYMNTS.com.