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Doxo Wins Red Herring Global 100

By Julie Muhn (@julieschicktanz) Posted on December 14, 2011
Categories: Doxo

Seattle-based doxo announced yesterday that it has been selected as a winner for the Red Herring Global 100, a list that identifies the top private tech companies in Europe, North America, and Asia:

"Selected from a field of leading global companies, doxo was recognized due to the success of its transformative technology that changes the way businesses and consumers connect and go paperfree"

To see the full list of winners, visit here.

To learn more about doxo, watch its FinovateSpring 2011 demo.

Finovate Alumni News– December 14, 2011

By Julie Muhn (@julieschicktanz) Posted on December 14, 2011
Categories: Credit Karma, Intuit Financial Services, Kony Solutions, Lending Club, PayNearMe, Prosper, Weemba

The Wall Street Journal lists Prosper, Lending Club, and Weemba as resources for home financing. PayNearMe partners with iSend to simplify international gift giving this holiday season. Doxo wins Red Herring Global 100. Kony Solutions launches KonyOne. Credit Karma and Intuit team up to provide credit services within FI-branded environments. 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.

Is "Family Security" a Product Opportunity for Online Banks?

By Jim Bruene Posted on December 13, 2011
Categories: Identity Theft, Security & Privacy, Strategies, Student Banking, Youth market

In the digital era where teenagers might keep their bank accounts for the next 80 years, it's important to offer services that encourage kids to sign up for a bank account. There are some cool ideas around financial education, money management, and gamification which we explored in our Online Banking Report earlier this year (note 3).

But what's the one issue that really drives parents' behavior towards their kids? Fear. Fear for their physical safety on the way to school, fear of bad influences at school, and fear of the idiots kids will encounter online. The list goes on and on.

You may not be able to protect kids from Facebook bullies, but you can help on the money side. Financial institutions can offer services that help protect children from online scams, ID thieves, and so on. You can offer prepaid cards with controlled access. You can keep…

ThreatMetrix Wins Red Herring Global 100

By Julie Muhn (@julieschicktanz) Posted on December 13, 2011
Categories: ThreatMetrix

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 Secures $12 Million in Financing

By Julie Muhn (@julieschicktanz) Posted on December 13, 2011
Categories: Kabbage

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.

PayNearMe Enables BHPH Auto Dealers to Expand Collection of Cash Payments

By Julie Muhn (@julieschicktanz) Posted on December 13, 2011
Categories: PayNearMe

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.

Finovate Alumni News– December 13, 2011

By Julie Muhn (@julieschicktanz) Posted on December 13, 2011
Categories: Lending Club, Prosper, ReadyForZero, SecondMarket, Transecq, VISA, Zopa

Visa certifies authentication system from Transecq's sister company, ENTERSECT. New Scientist recommends borrowing from the crowd by using P2P sites Zopa, Prosper, & Lending Club. Freewaregenius recommends using ReadyForZero to pay off and manage debt. Yahoo! Finance reports SecondMarket's Barry Silbert contributed investments to SponsorHub's $750,000 round. PayNearMe enables BHPH auto dealers to expand collection of cash payments. Kabbage secures $12 million in financing. ThreatMetrix wins Red Herring Global 100. 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.

New Online Banking Report Published: Selling Insurance Online (for Banks)

By Jim Bruene Posted on December 12, 2011
Categories: Insurance, Online Banking Report

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 huge expense with premiums amounting to more than 7% of global…

FinovateEurope 2012 Sneak Peek: Part 1

By Julie Muhn (@julieschicktanz) Posted on December 12, 2011
Categories: AcceptEmail, Actiance, Brokertainment, Business Centric Services Groups, DCisions, ETRONIKA, Fidor Bank, FinovateEurope 2012, Fiserv, IND Group, Luup, MiiCard, Sandstone, Service2Media, ValidSoft, wipro

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!

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AcceptEmail AcceptEmail will launch a revolutionary way of billing and collecting. The inventor of billing and payment via email will introduce AcceptSMS, the world's first Short Invoice Service. With this technology, AcceptEmail users will be able to…

Mootwin Receives 4 Million Euro in Series B Funding Round

By Julie Muhn (@julieschicktanz) Posted on December 12, 2011
Categories: MOOTWIN

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.

Finovate Alumni News– December 12, 2011

By Julie Muhn (@julieschicktanz) Posted on December 12, 2011
Categories: Braintree, Dwolla, HelloWallet, PayPal, Xero

The Wall Street Journal recommends Braintree & PayPal as online payment platforms. Dwolla reports there are more merchants using Dwolla in San Francisco and New York City than there were in Des Moines 1 year ago. Accounting web recommends using Xero to automate business accounting. Street Fight podcast highlights HelloWallet. Mootwin receives 4 million euro in series B funding round. 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.

StockTwits Enables Public Companies to Publish News on the Yahoo! Finance Site

By Julie Muhn (@julieschicktanz) Posted on December 9, 2011
Categories: Stocktwits

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.