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Cloud-based fraud detection company ThreatMetrix announced today that it was named one of 100 Red Herring Global 100 winners.
Red Herring’s list comprises 100 leading private companies in North America, Europe, and Asia. Its editorial staff selected the companies for their technologic innovation, company health, management quality, and market penetration.
To see the full list, visit here.
To learn more about ThreatMetrix, watch its FinovateStartup 2009 demo.
Kabbage, provider of working capital to online retailers, announced a new round of financing today. The startup received $12 million in debt financing from California-based Western Technology Investment.
Kabbage states that the money will help it provide more working capital to its network of 10,000-plus online merchants.
To learn more about Kabbage, watch its FinovateFall 2011 demo.
Last week, PayNearMe announced PayNearMe Auto, a new version of its service that allows Buy Here Pay Here vehicle dealers to accept cash payments in a broader number of locations:
“PayNearMe Auto is a secure, hosted Web application that dealers can have up and running in less than 15 minutes. Dealers simply enter the buyer’s information and assign the individual a PayNearMe card. To make a payment, the customer hands the card and cash to a store associate at any of the 6,400 participating 7-Eleven stores throughout the United States. Dealers are notified when the payments are made and the customer can use their PayNearMe card repeatedly.”
PayNearMe Auto aims to increase operational efficiency by allowing merchants to securely collect payments off-site.
To learn more about PayNearMe, watch its FinovateFall 2011 demo.
We just finished issue number 199 of our Online Banking Report. Given that it’s a monthly publication, you can do the math, and see that we’ve been at this for a while. We’ve covered a lot of ground, but until now, we’d never taken an in-depth look at the insurance side of online delivery.
Why? There have been so many opportunities with core deposit/credit products that the “insurance report” kept getting pushed out into the future. From the looks of it, the same dynamic has played out in the banking industry. Sure, U.S. banks took in $7 billion brokering insurance last year (and a similar amount in underwriting). But “insurance” isn’t even mentioned on the websites of 7 of the largest 15 banks.
It’s time to rethink where insurance fits in your product roadmap. Here’s why:
It’s a win-win for banks and their customers. And we expect a burst of activity in this area during the next few years (note 1).
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About the report
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Selling Insurance Online (link)
Can insurance help fill the fee-income gap at banks/credit unions?Author: Jim Bruene, Editor & Founder
Published: 9 Dec 2011
Length: 48 pages, 24 tables, 11,000 words
Cost: No extra charge to OBR subscribers, US$395 for others here
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BB&T mentions insurance three times on its homepage
![clip_image002[10]](https://i0.wp.com/www.netbanker.com/WindowsLiveWriter/NewOnlineBankingReportPublishedSellingIn_F5EF/clip_image002%5B10%5D.jpg "clip_image002[10]")
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Notes:
1. In addition to upping our insurance coverage here, we hope to bring more insurance innovations to our Finovate conference as well. Know a cool insurance startup with new technology? Email jim@netbanker.com for info on Finovate.
Right now, over three dozen leading fintech companies, both hot young startups and established players, are gearing up to demo their latest innovations at the second annual FinovateEurope next February 7th in London.
To whet your appetite, we asked each handpicked company to provide a sneak peek of what it will be demoing on stage. Below is the first installment. We’ll have another installment next week.
Don’t miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting-edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you’ll lock in the early-bird price!
On Friday, France-based Mootwin announced it recently raised 4 million euro ($5.5 million) in its second round of funding. Investors include France-based Naxicap Partners Création and Seventure Partners.
The smartphone app provider plans to use the funding to further its development locally and internationally.
To learn more about Mootwin, watch its FinovateFall 2011 demo.
Financial communications company StockTwits yesterday announced a new product called Direct that will enable public companies to post new on the Yahoo! Finance Quote page.
“StockTwits Direct allows subscribing companies to publish their most important updates directly to a module on the main “Quote Summary” page on Yahoo! Finance for their ticker symbol. Companies can easily modify or change their updates at any time and access usage metrics through a simple web dashboard within their StockTwits account.”
HP, Intel, Royal Dutch Shell and Yahoo are all currently using the product in order to communicate updates to the public.
To learn more about StockTwits, watch its FinovateEurope 2011 demo.
One week after mFoundry formed a partnership with MasterCard, they announced an $18 million investment from MasterCard, along with Intel, FIS, and Motorola Mobility:
“The capital will be used to fund the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators. mFoundry will also use the proceeds to support the expansion of their existing and profitable mobile banking business.”
Online invoicing startup Bill.com announced a new round of $15.5 million in Series D funding today, boosting the total raised to $40 million:
“The financing round included new investor Financial Partners Fund (FPF), a unit of Citi Capital Advisors, and existing Bill.com investors including DCM, Emergence Capital Partners, August Capital, Jafco Ventures and Total Technology Ventures. Bill.com will use the additional capital to scale operations in support of continued customer growth and for product development and marketing purposes.”
The company also shared some growth figures for 2011:
To learn more about Bill.com, watch its FinovateSpring 2011 demo.
