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“Grip presents users with a consolidated view of their finances, including a dashboard of available cash and credit, across all aggregated accounts. It also mines aggregated transaction data for possible bank cross-sell opportunities.”
Earlier this week, Expensify rolled out two new developments. One of these developments, called the Odometer Reading, helps users more efficiently record vehicle miles travelled:
“Now you can enter your start odometer reading before you go on a trip, save that value, and then after you get there, enter the end odometer reading, and we’ll calculatethe distance and add that mileage expense.”
AlphaClone launches “Alternative Alpha” index.
The FinTech 100, a list of the top revenue-grossing fintech firms, was announced Wednesday at BAI Retail Delivery.
BAI held its giant banktech trade show, Retail Delivery, in its hometown this year, the first time it’s been held in Chicago since I began attending in 1993. It was a good year for announcing interesting FI partnerships:
And there was a merger of two popular Finovate alums:
Finally, here are the highlights form my show notes, or what I call the Netbanker Awards (see note). Monday we’ll also publish more thoughts from our friend and crafty correspondent Dan Thomas from Mindful Insights.
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2011 Retail Delivery Netbanker Awards
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Biggest mixed message on delivery priorities: "I do 80% of my banking by mobile phone and I go to the branch every week" Randi Zuckerberg during keynote interview_______________________________________________________________________________
Best stats
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Best quotes
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"We were probably lucky that the Chicago chapter of "occupy wall street" didn’t know what BAI stood for."
— Name withheld
"Mobile will be the primary (most-used) channel for transactions at USAA by 2015"
— Neff Hudson, USAA
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Note:
These observations are based solely on the small part of the overall show that I personally took in. I talked to 25-30 companies out of more than 200 exhibiting. And I attended about 10 sessions out of 100 or so. My apologies to all the companies with cool stuff that I either didn’t see or didn’t comprehend.
This 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.
This 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.
NY Times reports how BancVue works with community FIs to offer checking accounts.
Mountain West Capital Network names Lendio fastest-growing company in Utah.
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