Blog - Page 1044 of 1216

PayPal Demonstrates Instant Account Creation

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, PayPal

Third, PayPal came on stage with la Caixa to show off instant account creation technology:

“You can open a PayPal account in 30 seconds from the secure environment of la Caixa’s home banking. We use our combined APIs to leverage the verified customer information that la Caixa has from its clients to speed customers through the PayPal account creation flow. All you need to do is choose your email address and decide on a password and with a couple of clicks, you can have your PayPal account up and running with a verified card linked to it.”

Product Launched: November 2011

HQ Location: San Jose, CA
Company Founded: 1998
Metrics:

2010 annual revenue was $3.4 billion, up 23 percent year over year
International business accounted for 47% of revenue in 2010
Net Total Payment Volume for 2010 was nearly $92 billion, up 28% year-over-year
Total Payment Volume in 2010 represented nearly 18% of global e-commerce
Cross-border trade now accounts for approximately 25 percent of PayPal’s Total Payment Volume
Merchant Services processed $56 billion in Total Payment Volume in 2010, up 42% year-over-year.

Website: paypal.com

Presenting Estanis Martin De Nicolas (PayPal Spain Country Mngr) & Sergi Bisquert (Dir. of Innovation, Payment Methods, La Caixa)

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Ping Identity Shows How Financial Institutions Can Use Social Networking Logins

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Ping Identity

Second up, Ping Identity demonstrated how PingFederate and Cloud Identity Connectors integrate with third party products:

“Ping Identity will show how it is possible to use social networking logins to increase customer conversion rates, reduce and simplify risk management, reuse existing infrastructures and technology investments, and increase business agility.”

Product Launched: July 2011

HQ Location: Denver, Colorado
Company Founded: 2003
Metrics: $21 million in recent funding; 200 employees; over 700 worldwide customers
Website: pingidentity.com

Presenting Travis Spencer (Senior Technical Architect)

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Nutmeg Offers a Tailored Investing and Saving Experience

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Nutmeg

To start off FinovateEurope 2012, Nutmeg shared its platform that allows the average user to invest wisely:

“Nutmeg makes saving and investing simple. Simply choose your investing goals, when you will need your money and how much you can invest. Nutmeg then assesses your personal circumstances, checking affordability and suitability, before implementing and actively managing a personalised investment portfolio that is diversified across geographies and asset classes. Crucially, the user has control over the target level of volatility by considering probable outcomes on illustrations that demonstrate expected returns. Nutmeg offers a high class saving and investing experience and comprehensive user support, even for users with limited wealth.

Regular portfolio rebalancing, a rewards scheme that improves returns by lowering fees, and intuitive data providing a clear portfolio breakdown allows anyone from the most experienced to the novice investor to take control. No longer will personal investing solely be the domain of the rich. Nutmeg offers a true alternative to expensive trading or being forced into a low-interest bearing bank account.”

Product Launched: December 2011

HQ Location: London, UK
Company Founded: January 2011
Website: nutmeg.co.uk

Presenting Nick Hungerford (CEO & Co-Founder) & Jono Hey (Head of User Experience)

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Mitek Systems Partners with Progressive Insurance

By Julie Muhn (@julieschicktanz) Posted on February 2, 2012
Categories: Mitek

Today, Mitek Systems announced a partnership with Progressive Insurance, who will use Mitek’s Mobile Photo Quoting technology to automate insurance purchases:

“Using the Progressive mobile application… the consumer simply enters their zip code and takes a picture of their driver’s license, Vehicle Identification Number or existing insurance ID card. Mitek’s patented mobile imaging technology automatically extracts relevant information from the documents and auto-populates the fields in Progressive’s mobile quoting app… Moments later, they receive an auto insurance quote with the option to buy.”

Mitek also has Photo Payment, Photo Claims, and Document Capture and Send technology included in its insurance solutions suite.

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

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Finovate Alumni News– February 2, 2012

By Julie Muhn (@julieschicktanz) Posted on February 2, 2012
Categories: Credit Sesame, Dwolla, Mint.com, Personal Capital, Xero

Silicon Prairie News reports Dwolla rolls out Instant feature.

After raising $15 million, Xero acquires Max Solutions for almost $5 million.

Mint.com releases app for Android tablets.

Personal Capital named to Online Banking Report Hall of Fame, for personalized asset management service.

Credit Sesame launches credit card marketplace.

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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Jemstep Receives $6 Million in Series A Funding

By Julie Muhn (@julieschicktanz) Posted on February 1, 2012
Categories: Jemstep

Jemstep, an online investment guidance startup that tracks over $170 million in investments, announced today it received $6 million in funding.

This installment from private investors completes Jemstep’s Series A funding, bringing the total up to $10.5 million.

The California-based startup plans to use the funding for product development, growth, and corporate recruitment.

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

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SmartyPig Changes Name, Launches GoalSaver Platform

By Julie Muhn (@julieschicktanz) Posted on February 1, 2012
Categories: SmartyPig

Iowa-based SmartyPig, a social savings innovator, made two announcements today:

Changed its corporate name to Social Money Systems
Launched GoalSaver, a bank-branded social savings and transaction platform

GoalSaver features include:

Customizable user interface
Financial education
A Dashboard to view goal details (see screenshot 1)
Shared goal page (see screenshot 2)

In addition to benefitting banks, GoalSaver is also available to industries such as insurance, prepaid cards, and merchants who need layaway solutions.

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

(Screenshot 1: goal dashboard)

(Screenshot 2: shared goal page)

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Finovate Alumni News– February 1, 2012

By Julie Muhn (@julieschicktanz) Posted on February 1, 2012
Categories: Actiance, eToro, Luup, Plastyc, Stocktwits, Worklight

Plastyc’s UPside Visa named winner in sixth annual Paybefore Awards.

TechCrunch reports IBM buys WorkLight for $70 million.

StockTwits partners with Q4 Web Systems.

Actiance announces Socialite Engage to help advisors strengthen client relationships and drive new business. See its live demo at FinovateEurope next week.

Luup wins the Financial-i Leaders in Innovation Award for Most Innovative New Mobile Corporate Banking. See its live demo at FinovateEurope next week.

eToro releases Chinese version of OpenBook.

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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Out of the Inbox: Bon Voyage Email from Capital One

By Jim Bruene Posted on February 1, 2012
Categories: Alerts & Messaging, Capital One, Email Samples, Service

Yesterday, I mentioned Capital One’s self-service travel notification process. Another aspect of the service is a follow-up email before you head out of town (see below).

I like the email for a couple reasons:

The well wishes make you feel good about the bank
The message provides helpful contact info in case of trouble
It’s an an additional fraud check to ensure that it’s really you traveling to Yakutsk next week

The bank even tells you to call collect. Nice.

Capital One could jazz up the message with more color and snappier copy (note 2), but it gets the job done.
—————————–

Capital One email to customers who’ve told them they are traveling internationally (31 Jan 2012)
Note: Sent the day before scheduled departure

Notes:
1. Picture credit: Greeting card at Zazzle.
2. I’m surprised Capital One doesn’t use this opportunity to reinforce its travel rewards, mobile app, and zero FX fees.
3. We’ve tackled remote banking customer service and messaging a number of times in previous issues of our Online Banking Report. The last one was Live Help earlier this year.

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Last Chance to Register for FinovateEurope 2012 — Get Your Ticket Now Before It Is Too Late!

By finovate Posted on January 31, 2012
Categories: FinovateEurope 2012

FinovateEurope 2012 is less than a week away and we are very excited to return to London to showcase the best new innovations in financial technology from across the globe.

On next Tuesday, dozens of cutting-edge startups and leading established companies (check out the list of presenters) will take the stage to debut their latest and greatest ideas via Finovate’s signature fast-paced, demo-only format

We blew past last year’s attendance total of 450 last week and tickets have continued to sell strongly (there are still a few left if you want to register).

In case you’re curious about who is attending this year, here is a small sample of the organizations that have already registered:

ABN Amro
Accel Partners
AEGON Bank
American Express
Balderton Capital
Bank Julius Baer
Barclaycard
Barclays Bank
BBVA
Best Buy
BN Bank
BNP Paribas
Budapest Bank
Caixabank
Capgemini
Capital One
Celent
CIBC
Citibank
Commerzbank

Cortal Consors
DAB Bank
Deutsche Bank
EFMA
Fiserv
Gartner
Greylock
Handelsbanken
HP
HSBC
IBM
Index Ventures
ING Bank
Intuit
Jack Henry
KPMG
La Poste
Lloyd’s
Marketwatch
Metro Bank

Microsoft
MorningStar
OneSavings Bank
Ovum
PayPal
PostFinance
Rabobank
RBS
Silicon Valley Bank
Skandiabanken
Societe Generale
SpareBank
Standard Chartered
Standard Life
The Bancorp Bank
The Economist
TowerGroup
Volksbank
Yahoo! Finance
Yodlee

If you want add your organization’s name to this list and join our top-notch audience to watch the future of European finance and banking technology debut live next Tuesday, please register soon before it is too late. We’ll see you in London!

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

FinovateEurope 2012 is partners with: BankerStuff, BankInnovation, Celent, Deutsch Startups, Finance on Windows, The Financial Services Club, The Financial Services Innovation Centre, Juniper Research, and PYMNTS.com.

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Last Chance to Register for FinovateEurope 2012 — Get Your Ticket Now Before It Is Too Late!

By finovate Posted on January 31, 2012
Categories: FinovateEurope 2012

FinovateEurope 2012 is less than a week away and we are very excited to return to London to showcase the best new innovations in financial technology from across the globe.

We blew past last year’s attendance total of 450 last week and tickets have continued to sell strongly (there are still a few left if you want to register).

In case you’re curious about who is attending this year, here is a small sample of the organizations that have already registered:

ABN Amro
Accel Partners
AEGON Bank
American Express
Balderton Capital
Bank Julius Baer
Barclaycard
Barclays Bank
BBVA
Best Buy
BN Bank
BNP Paribas
Budapest Bank
Caixabank
Capgemini
Capital One
Celent
CIBC
Citibank
Commerzbank

Cortal Consors
DAB Bank
Deutsche Bank
EFMA
Fiserv
Gartner
Greylock
Handelsbanken
HP
HSBC
IBM
Index Ventures
ING Bank
Intuit
Jack Henry
KPMG
La Poste
Lloyd’s
Marketwatch
Metro Bank

Microsoft
MorningStar
OneSavings Bank
Ovum
PayPal
PostFinance
Rabobank
RBS
Silicon Valley Bank
Skandiabanken
Societe Generale
SpareBank
Standard Chartered
Standard Life
The Bancorp Bank
The Economist
TowerGroup
Volksbank
Yahoo! Finance
Yodlee

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

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Backbase Partners with Sandstone to Market Bank 2.0 and Forms Technology

By Julie Muhn (@julieschicktanz) Posted on January 31, 2012
Categories: Backbase, Sandstone

Portal software startup Backbase announced today that it partnered with Australia-based Sandstone:

“Backbase provides powerful Web2.0 e-business technology that will underpin Sandstone’s next generation online banking solutions…. Backbase Forms will enable Sandstone BankFast customers to easily create and edit forms for customer-facing business applications.”

Sandstone will market the Backbase Bank 2.0 and Forms technology throughout Australia and New Zealand.

To learn more about Backbase and Sandstone, come to FinovateEurope February 7 in London or watch Backbase’s FinovateFall 2011 demo.

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