Welcome to FinovateSpring 2016: Day 2

Welcome to FinovateSpring 2016: Day 2

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Day Two of FinovateSpring is here! We hope you enjoyed Day One of the conference and are looking forward to another morning and afternoon of live demos and great networking.

Wednesday will feature three sessions of demos from 32 presenting companies. So grab a cup of your favorite morning beverage and join us for what promises to be a fascinating look at the future of fintech today.

Here’s a look at Wednesday’s agenda:

Registration opens at 8 a.m.

Demo Session 5: 8:45 a.m. – 10:15 a.m.

Intermission with refreshments: 10:15 a.m. – 10:45 a.m.

Demo Session 6: 10:45 a.m. – 12:05 p.m.

Lunch: 12:05 p.m. – 1 p.m.

Demo Session 7: 1 p.m. – 2:40 p.m.

Networking with open bar & appetizers: 2:40 p.m. to 5 p.m.

Best of Show Awards Ceremony: 4:15 p.m.

Be sure to follow us on Twitter for our live coverage of FinovateSpring 2016. Videos of the live demos will be available in our video archives in a few weeks.

Finovate Alumni News

On Finovate.com

  • Welcome to FinovateSpring 2016: Day 2″

Around the web

  • Personetics launches its Personetics Anywhere chatbot, enabling FIs to provide personalized service to customers via popular messaging apps.
  • Q2 Holdings unveils its cloud-based, open API platform for developers, CorePro.
  • Jack Henry & Associates announces availability of Banno Mobile for Windows 10 and launch of Banno People, a user profile management solution.
  • Corezoid’s platform-as-a-service technology now available in the U.S. and Western Europe.
  • Jumio agrees to acquisition by Centana Growth Partners.

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.

Welcome to FinovateSpring 2016: Day 1

Welcome to FinovateSpring 2016: Day 1

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You made it to FinovateSpring! Now what?

We have a full show today packed with plenty of fintech to explore. Tickets are still available at the registration desk. If you can’t make it today but want to come tomorrow we have special one-day tickets available (ask at the registration desk).

Here’s today’s lineup:

Registration opens at 8:00 a.m.

8:45 a.m. – 10:15 a.m.

10:15 a.m. – 10:45 a.m. Intermission & refreshments

10:45 a.m. – 12:05 p.m.

Lunch 12:05 p.m. – 1:00 p.m.

1:00 p.m. – 2:20 p.m.

2:20 p.m. – 2:50 p.m. Intermission & refreshments

2:50 p.m. – 4:10 p.m.

4:10 p.m. – 6:15 p.m. Networking, open bar & appetizers
Best of Show winners will be announced on day two.

All demo videos will be available for free in a few weeks in our video archives.

Behind-the-Scenes Look: Rehearsals Underway at FinovateSpring 2016

Behind-the-Scenes Look: Rehearsals Underway at FinovateSpring 2016

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It’s the eve of what’s shaping up to be the biggest FinovateSpring in history and we’re watching the presenting companies polish their demos for their seven minutes of stage time.

While they’re prepping their tech, you can prep your schedule. Here are a few things to know:

  • When: The first demo session begins at 8:45 AM and you won’t want to be late. We’re opening registration at 8:00 AM so you can check in, grab a coffee and some breakfast before the fun begins.
  • Who: We’ll feature 72 presenters as they demo their newest tech live on stage. No slides. No canned videos.
  • Mobile app: We’re set up to host our largest audience yet. The best way to connect with others is to use our official event app. Download the Bizzabo app and search Finovate. From there you can connect with other attendees, find out more about the presenting companies and presenters, and more. Available on Android and iOS.

For all you need to know, visit the FinovateSpring website and check out the FAQ section. Still need help? Contact [email protected].

Nexmo Acquired by Vonage for $230 Million

Nexmo Acquired by Vonage for $230 Million

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Cloud communications startup Nexmo is now Nexmo, a Vonage company, after being acquired by communications giant Vonage for $230 million.

The company’s CEO Tony Jamous is now president of the newly acquired entity. CTO Eric Nadalin and Nexmo’s 170-person team are also moving over to Vonage.

Nexmo brings 350 enterprise customers from across the globe, which marks Vonage’s first expansion outside of the United States.

Vonage CEO Alan Masarek comments on the acquisition, “By combining Vonage’s rapidly growing, unified communications-as-a-service business with Nexmo, we are creating the future of cloud communications. These companies represent a set of strategic, technology and human resources assets that deliver the broadest services offering in our industry.”

Nexmo demoed its Verify SDK at FinovateEurope 2016 and presented on using the crowd to decrease fraud at FinDEVr New York 2016.

Lending Club’s Laplanche Resigns; Scott Sanborn to Serve as Acting CEO

Lending Club’s Laplanche Resigns; Scott Sanborn to Serve as Acting CEO

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According to Lending Club president and new acting CEO Scott Sanborn, the first rule of Lending Club is to “maintain the highest levels of trust with borrowers.”

Sanborn’s remarks come as the online lending marketplace announces both its Q1 results as well as the resignation of Renaud Laplanche as Chairman and CEO. Laplanche is stepping down in the wake of an internal review by the company’s board of directors that questioned a $22 million sale of near-prime loans to a single investor. Sanborn (pictured below) will be assisted by director Hans Morris, who will also serve in a newly created role of executive chairman.

LendingClub_ScottSanbornMorris emphasized that while the “lack of full disclosure” during the review process was “unacceptable,” he added that the sum involved was “minor” and would have no financial impact on the company. Lending Club’s Q1 results underscored this, with the company reporting year-over-year operating revenue gains of 87% and an increase of more than 137% in year-over-year, adjusted EBITDA.

Other positive metrics from Lending Club for the quarter include a servicing portfolio of more than $10 billion, a gain of more than $5 billion year-over-year, and scoring its first month with more than $1 billion of originations. This included two days “at or above $99 million.” Speaking of the quarter, Lending Club CFO, Carrie Dolan said that flexibility of the model was key in helping the company “respond to market challenges such as economic uncertainty, capital market disruptions and negative seasonality.” She added, “We were pleased with the company’s growth in the face of these challenges.”

Headquartered in Sunnyvale, California, and founded in 2006, Lending Club is one of Finovate’s oldest alums, having demonstrated its platform at the first Finovate conference in 2007.

 

Finovate Alumni News

On Finovate.com

Around the web

  • Business Insider profiles the all-female management team of Betterment for Business.
  • The Des Moines Register reports on Dwolla and how its FiSync payments network could serve as a model for a nationwide effort.

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.

The Way to San Jose: FinovateSpring Has Sprung!

The Way to San Jose: FinovateSpring Has Sprung!

FS2016_TitlesWordCloud_FinalWho goes all the way to San Jose, California, for a fintech conference, you ask? A better question might be, who doesn’t? On Friday, we learned that FinovateSpring 2016 had sold more than 1,500 tickets, making it the biggest ever. But don’t worry if you haven’t picked up your ticket yet, there’s still plenty of time.

FinovateSpring is less than 48 hours away. And while presenters, attendees, and even a few members of the Finovate team are still making their way toward California’s third largest city (and home of the San Jose Sharks!), rest assured that we’ll be ready with everything you need for two rewarding days of live fintech demos and networking starting bright and early Tuesday.

On that note, here are a few tips and reminders to help you make the most of your week.

Schedule
Registration begins at 8:00 AM on Tuesday and Wednesday mornings. The first demo on both days begins at 8:45 AM. Tuesday’s demos will wrap up at about 4:00 PM. The final demo on Wednesday will end at approximately 2:40 pm. Networking with an open bar will close out each day with Best of Show winners announced during Wednesday’s networking session.

We hope to see you here in sunny San Jose this week for what promises to be a great spring event. There’s still time to pick up your ticket—visit our registration page and save your spot today.

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Venue
FinovateSpring returns to the City National Civic facility in downtown San Jose, California.

135  West San Carlos Street
San Jose, CA 95113

Presenters
FinovateSpring features 72 companies demonstrating the latest in fintech innovation in live, seven-minute presentations from the stage. No slides. No videos. No Powerpoint. Just the tech, the whole tech, and nothing but the tech.

Learn more about our presenting companies through our FinovateSpring Sneak Peek series, as well as at our FinovateSpring Presenters Page.

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Get Social
And once you’re registered for FinovateSpring 2016, be sure to let the world know you’re coming via Bizzabo, our social events app.

Download the Bizzabo app from the Apple App Store, Google Play Store, or use Bizzabo’s online web interface. Search for “Finovate” and use the same email address that you used to register for the conference as your login.

We’re super-excited about another FinovateSpring here in San Jose and hope that you’ll join us in person or online (follow the conference on Twitter @Finovate!). Until then, check out our FAQ page for answers to common questions and for answers to uncommon questions, shoot us an email at [email protected].


FinovateSpring 2016 is sponsored by The Bancorp, AccentureAssociation for Financial Technology, Cyberport/InvestHK, FT Partners, Greater Zurich Area/Swiss Business Hub,  Hudson Cook, KPMG, and Leverage PR.

FinovateSpring 2016 is partnered with Acuity Market IntelligenceAite Group, American Bankers AssociationBank Innovators CouncilBankersHubBankless TimesBayPay Forum, Bitcoin MagazinebobsguideBreaking Banks, Byte AcademyCalifornia Bankers AssociationCanadian Trade Commissioner ServiceCelentCointelegraphDigital Currency CouncilEbankingNews, FemTechLeadersFilene Research Institute, The Fintech TimesIDC Financial InsightsJavelin, Juniper ResearchKorea FinTech ForumMercator Advisory GroupPayments & Cards NetworkThe Paypers,PitchBookPlug and PlaySME Finance Forum, and Western Independent Bankers.

Finovate Alumni News

On Finovate.com

  • “The Way to San Jose: FinovateSpring Has Sprung!”

Around the web

  • CFO interviews Michael Levine, Payoneer‘s Chief Financial Officer.
  • The Ruby Rogues talk with Ruby-developer Greg Baugues of Twilio.
  • Entrust Datacard announces EMV instant-issuance milestone of more than 10 million cards issued in the U.S. in one year.
  • Benzinga interviews Justin Zhen and Gregory Ugwi, Thinknum co-founders.

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.

TransCard Brings on New CFO Ahead of FinovateSpring Demo

TransCard Brings on New CFO Ahead of FinovateSpring Demo

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HaddockPayment solutions company TransCard has brought on John Haddock as its new chief financial officer today. Haddock is a graduate of the University of Tennessee-Knoxville and previously served as EVP and CFO for First Security Group and FSG Bank.

TransCard also expanded its leadership team by recruiting Ed Kelley as VP of financial institutions and Ann Evans as VP of corporate solutions.

Greg Bloh, president of TransCard, says of the appointments: “The wealth of knowledge John, Ed and Ann bring to the team puts TransCard in a great position to grow and expand our footprint within the financial and corporate disbursement industries.”

TransCard’s Paynuver simplifies payment disbursement by offering multiple payout options through a digital account. Its self-service portal and multiple payout options place the work into the hands of the recipient. The Tennessee-based company will debut Paynuver at FinovateSpring next week. Register today to be among the first to watch the live demo.

Finovate Alumni News

Around the web

  • Blooom CEO Chris Costello participates in a discussion on youth and savings.
  • NCR partners with Huntington Technology Finance, providing lease financing for NCR ATMs. See NCR in San Jose next week at FinovateSpring.
  • Crowdfundinsider features an interview with Cloud Lending CEO Snehal Fulzele.
  • PaySimple teams up with Fundera, a small-business-lending marketplace.=
  • Xero and Expensify form partnership.

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.

The Art of Mobile Banking Engagement

The Art of Mobile Banking Engagement

Customer engagement word cloudIt’s been fascinating to watch mobile banking take hold. The path has been much the same as online (desktop) banking a decade earlier, but at about double the pace (at least in the parts of the world that are highly banked).

Modern online banking started 21 years ago this month, when Wells Fargo began web banking in May 1995. It took 12 years before Mint came along and made it all look good and introduced the masses to more advanced concepts such as account aggregation, goal-oriented online budgeting, and expense tracking.

Mobile banking, which got its start in the post-iPhone App Store era (2008), took only about five years before it was “Minted” by Simple and then others. And in fewer than eight years mobile banking is already far better than desktop by almost every measure. From touchID access, to location awareness, to that very useful camera for depositing checks, there is just no way desktop online banking can compete.

But we have just barely scratched the surface of its biggest advantage: the always-on, always-with-you benefits. Account and transaction security is one of the first features having huge impact both on consumers (peace of mind, less hassle) and financial institutions (fewer false negatives, lower fraud costs, less customer-service expense).

Another area where huge benefits exist? Proactive communications about finances. Simple, Moven and Capital One’s Level Money are on the forefront with tools that help mobile customers know where they stand BEFORE they drop another $12 for a fancy cocktail or $35 on Uber.

And while monitoring spending in real-time has big theoretical benefits, it’s universally loathed by most consumers as the ultimate buzz-kill, kind of like having your parents hovering over you at point of sale. A more exciting always-on benefit is guidance to achieve bigger aspirations, like replacing your aging vehicle, trading up from your dinky apartment, or buying a house.

Take home buying. Many of our readers have been through this multiple times. But do you remember how little you knew about it back in the day? It’s a daunting task today even forHip_Pocket_Art0 the financially savvy.

That’s why I love tools that help people understand all aspects of the home-buying process: the mortgage, the purchase, and dealing with all of the ancillary expenses. We’ve seen a number of companies working on various aspects of the mortgage process. And next week at FinovateSpring, you’ll be treated to demos by two of the new breed of mortgage startups: Blend Labs which powers mortgage processing on the back-end and Roostify which helps consumers through the process.

And as luck would have it, last week Mark Zmarzly from Hip Pocket visited Seattle to present at a CU event, and was able to spare a few minutes to meet me for coffee. Mark wowed the crowd when he demo’d at FinovateSpring last year. Hip Pocket’s first product is a mobile app that allows anyone to input mortgage rate and monthly payment to see how their company stacks up against its peers (see inset).

The Hip Pocket mortgage app is a compelling value-prop for users, and potentially a great lead-gen tool for banks and credit unions. While Hip Pocket has had some great traction since then, it is still looking for additional seed funding to build more tools and fine-tune its customer-acquisition model. Hip Pocket is in a sweet part of the market—mobile mortgage (MoMo)—and is at a point in their company arc where relatively small dollars can make a big impact. They are a great candidate for “bank strategic seed funding.”