Mudra Bank Chooses i-exceed’s Appzillon for Mobile Banking App

By David Penn Posted on
Categories: i-exceed

i-exceed technologies has paid off with a mobile app, Mudra Mitra, that provides both banking services and information. Using Appzillon, the app was able to go live "in record time" on both mobile phone and tablet interfaces and is now available for download at both the Apple iTunes and Google Play stores.

Pointing to the challenges faced by entrepreneurs in obtaining financial assistance, i-exceed Managing Director Joseph John praised Mudra Bank for being the "financial support provider for the bottom-of-the-pyramid customers" and "filling the void" between would-be business owners and the financing they need to get started. "i-exceed looks [forward to] a long-term association with Mudra Bank in their journey of fostering entrepreneurship," John said.

Mudra CEO Jiji Mammen highlighted the app's user-friendliness and said more features would be added over time with the goal of creating "an end-to-end solution for the borrowers to access micro finance in a hassle-free manner."…

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Finovate Debuts: Student Loan Genius Gives Employers Tools to Help Millennial Workers Tackle Debt

By David Penn Posted on
Categories: Finovate Debuts, Student Loan Genius

A generation ago, employers were enlisted in the movement to help employees save for their retirement. Today, Student Loan Genius is inviting employers to do the same thing when it comes to millennial workers and student loan debt. The Austin, Texas-based startup has built a platform that allows employers to match their employee's student debt payments, as well as help them manage the balance between paying off debt and saving for retirement.

"We are working with great organizations like Teach for America, Twilio, BP3 in Austin to help shave off tens of thousands of their student loans," Student Loan Genius founder and CEO Tony Aguilar said. Aguilar, who was the first person in his family to go to college, is also the first person in his family to be saddled with potentially crushing student loan debt. He even carries the amount—$100,000—etched on a business card.

Left to right: Co-founders Emiliano Villarreal…

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Buzz Points Unveils New Online Dashboard, Buzz Insight

By David Penn Posted on
Categories: Buzz Points

One month after picking up a $1.8 million investment, Austin, Texas-based Buzz Points is unveiling its new online management portal, Buzz Insight for its rewards and marketing platform. Buzz Points CEO Dwayne Spradlin says that Buzz Insight will "enable community banks and credit unions to better comprehend how their customers and members are interacting within their communities, giv[ing] them the power to implement more targeted and effective campaigns and offers."

Buzz Insight is geared toward community financial institutions (CFIs) like credit unions and smaller banks, giving them visibility into customers' and local business data. With the Insight dashboard, CFIs will get real-time program management and reporting, as well as cardholder analytics, behavior, and other metrics, making it easier for CFIs to enroll and engage with their customers. "With Buzz Insight," Spradlin said, "in-depth analysis and innovation come together to drive revenue and retention."

Director of Product Michael Hall demonstrated the Buzz Points…

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Finovate Alumni News

By David Penn Posted on
Categories: Buzz Points, Entrust Datacard, i-exceed, IBM, Student Loan Genius

On Finovate.com

Buzz Points Unveils New Online Dashboard, Buzz Insight Mudra Bank Chooses i-exceed's Appzillion for Mobile Banking App Finovate Debuts: Student Loan Genius Gives Employers Tools To Help Millennial Workers Tackle Debt

Around the web

Bank of the Ozarks deploys instant card-issuance solution from Entrust Datacard. IBM unveils secure, online service to help businesses conduct blockchain testing.

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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FinovateFall 2016 Presenters Revealed!

By Erika Sanchez Posted on
Categories: Finovate Marketing, FinovateFall 2016

Summer is now in full effect which means it must be time to announce our presenting companies for FinovateFall 2016!

This was our most competitive application pool in our 10-year history, and we spent weeks reviewing application after application. The innovations in those applications ranged from blockchain technology and biometrics to the latest in big-data solutions, investment management, and customer on-boarding and experience. After hours of review and debate, we have curated a roster of both leading, established companies and hot, young startups that are guaranteed to pique your curiosity on September 8 & 9. And to see more information and background on each presenter, stay tuned for our Sneak Peek series.

Without further ado, below is a list of the companies showcasing their latest and greatest in New York.

Agreement Express Aleo AutoGravity Avoka Backbase Bankjoy Bitbond Bluescape BondIT brandCrowder Clinc Consdata Currencycloud Daon Divy Dynamics ebankIT Econiq Envestnet | Yodlee …

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BizEquity Forges Strategic Partnership with Sawtooth Solutions

By David Penn Posted on
Categories: BizEquity

Cloud-based business-valuation specialist BizEquity has inked a strategic partnership that will bring its prospecting and valuation-as-a-service technology, Advisor Office, to the wealth management platform of Sawtooth Solutions.

"With the advent of the new DOL fiduciary ruling, and increasing pressures from robo-advisers, now more than ever the more than 400,000 financial advisers in the U.S. will need to arm themselves with more value-added solutions for their clients," says Michael Carter, BizEquity CEO.

Brad Pries, Sawtooth, CEO, added that the challenges that wealth managers face from regulations and roboadvisers alike may actually represent "significant growth opportunities for those financial advisers willing to embrace technology to offer comprehensive, integrated, holistic financial advice."

Left to right: Semyon Fishman, VP engineering, and CEO Mike Carter demonstrated BizEquity One UK at FinovateEurope 2015 in London.

Launched last fall, Advisor Office will enable wealth managers using Sawtooth's TAMP platform to get an accurate valuation of business assets when providing business owners with…

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Stratumn’s LenderBot is a Micro-Insurance Solution for the Sharing Economy

By Julie Muhn (@julieschicktanz) Posted on
Categories: Stratumn

Blockchain-powered workflow-solutions company Stratumn recently launched a micro-insurance proof-of-concept for the sharing economy. It's called LenderBot, and it was developed in a partnership with Deloitte and LemonWay.

The aim of LenderBot is to facilitate the borrowing and lending of high-value items while offering a way for lenders to insure those items. The entire workflow takes place through a chatbot on Facebook Messenger. Once the borrower and lender agree to the loan terms, they interact with the bot to digitally sign the agreement. The bitcoin blockchain serves as a trusted third party to the loan contract.

Richard Caetano, CEO of Stratumn, said, "Here we rely on the identification provided by Facebook and LemonWay to create a three-way contract between insured parties and the insurer. This transfer of confidence is reinforced by the use of cryptography and time-stamped data in the blockchain. This guarantees data protection and traceability of every step in the…

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr APIntelligence, Personal Capital, Stratumn, Thomson Reuters, Trulioo

Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

Stratumn’s LenderBot is a Micro-Insurance Solution for the Sharing Economy

Alumni updates

Thomson Reuters unveils its KYC due-diligence solution, Org ID. Personal Capital Offers Digital Wealth Management for BancAlliance’s Member Banks. Trulioo extends its identity-verification platform, Global Gateway, to the Middle East and North Africa.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

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Finovate Alumni News

By David Penn Posted on
Categories: BizEquity, blooom, D3 Banking, Fiserv, GMC Software Technology, Insuritas, Jack Henry, Lendio, Stratumn, Thomson Reuters, TSYS

On Finovate.com

Stratumn’s LenderBot is a Micro-Insurance Solution for the Sharing Economy Check out this week's FinDEVr APIntelligence. BizEquity Forges Strategic Partnership with Sawtooth Solutions

Around the web

Thomson Reuters unveils its KYC due-diligence solution, Org ID. Jack Henry Banking has "refreshed"  its SilverLake Systems core banking solution. Lloyds Banking Group renews processing agreement with TSYS. St. Louis-based Midwest BankCentre picks Insuritas to open and manage its turnkey insurance agency. 2016 Gartner Market Guide for Customer Journey Analytics lists GMC Software as a representative vendor. MSN Money highlights Blooom. Lendio to participate in small business lending disclosure, SMART (Straightforward Metrics Around Rate and Total cost) Box initiative. D3 Banking wins Depth of Service Award in vendor analysis report from Celent. Encentus FCU to deploy core account processing technology from Fiserv.

This post will be updated throughout the day as news and developments emerge. You can also…

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

By Jim Bruene Posted on
Categories: Funding

With 38 deals reported—one shy of the weekly record—fintech companies raised $303 million worldwide the first week of June. Nine of the deals were for undisclosed amounts and $2 million was reported as debt.

Two Finovate alums landed new money this week:

Callvu raised $3 million, with participation frim NICE Systems Bridgei2i raised an undisclosed A round to advance its business-process-automation services

The total number of deals YTD stands at 589, 90% more than last year’s 306. Total dollars raised YTD is now $16.1 billion, more than double the $7.3 billion raised during the same period a year ago.

——-

Fintech deals by size from 28 May to 3 June, 2016:

Partners Life
Online insurance
Latest round: $134.5 million
Total raised: $134.5 million
HQ: Auckland, New Zealand
Tags: Consumer, insurance, life, disability, business risk
Source: Crunchbase

Vibes (owned by Syniverse)
Mobile wallet analytics
Latest round: $45 million Series B
Total raised: $60 million
HQ: Chicago, Illinois
Tags: Institutions,…

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Xero Partners with 60th Financial Institution to Offer Direct Feeds

By Julie Muhn (@julieschicktanz) Posted on
Categories: Xero

Cloud accounting platform Xero announced a partnership with Australia's largest bank, Commonwealth Bank. New Zealand-based Xero is working with the bank to launch a series of innovations to make small business banking easier.

The first enhancement in this series enables Commonwealth bank-clients to set up a direct feed of their Commonwealth banking transactions directly into their Xero accounting platform. This marks the 60th financial institution Xero has partnered with to offer direct feeds to its users.

Small businesses can automatically import everyday accounts, loan accounts, and cash-management accounts to view in their Xero accounting platform. The direct feeds do not import historical transactions and usually take only 24 hours—instead of the previous 10-day waiting period—to begin importing.

This development is part of Xero's efforts to make things simpler and more efficient for small business owners and their advisers. With direct feeds, they can view and manage their business bank accounts and…

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Finovate Debuts: CardLinx Helps Members Find & Post Card-Linked Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: CardLinX, Finovate Debuts

The first card-linked offers company, Cardlytics, launched in 2008. The fintech community started paying attention to the linked-offers trend around 2012, but by that time, so many players had entered into the market that it had become fragmented, making it difficult to compete.

The CardLinx Association launched to unite retailers, advertisers, publishers, payment networks, payment processors and technology providers in the space; enhancing the interoperability of loyalty programs to create a better customer shopping and merchant experience. The collaborative platform brings cohesiveness by developing standards for the industry.

At FinovateSpring 2016, The CardLinx Association debuted Listing Information Monitor eCenter (CLIMe). "How do you get all of these companies to work together?" the company's CEO and founder, Silvio Tavares, asked in his demo. He addressed the question by showing the logos of the companies that have partnered under The CardLinx Association.

These companies represent some of the members that share data on CLIMe. Companies use the database to search offers and…

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