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Finovate Alumni News

By David Penn Posted on September 24, 2015
Categories: Authy, Avalara, BillGuard, Fidor Bank, Five Degrees, Heckyl Technologies, Insuritas, Interxion, iSignthis, Lending Club, Market Prophit, Nexmo, Prosper, PsychSignal, TickerTags, TSYS, Twilio, Xignite

On Finovate.com

Commentary: “”Prosper Signals Move into PFM with $30 Million Acquisition of BillGuard“

Thanks to Xignite, the #FintechRevolution Will Be API’d”

Around the web

Lending Club adds Indiana, Kansas, and Nebraska, expanding its services to 36 states.

Premier Bank in Bangladesh extends payments agreement with TSYS, upgrading to PRIME4.

iSignthis to provide KYC services to Danish payment processor and card acquirer, Clearhaus, beginning in early 2016.

LeasePlan Bank implements Matrix digital banking platform from Five Degrees.

Peoples Bank & Trust hires Insuritas to launch turnkey insurance agency.

Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.

Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.

Celent advises banks to be more like Fidor Bank in order to remain relevant.

The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.

TABB Research features Heckyl Technologies, Market Prophit, PsychSignal, and TickerTags in its new report on “social alpha 2.0.”

Nexmo teams up with mobile operator, H3G, to bring its SMS-based user-authentication technology to Sweden and Denmark. See Nexmo at FinDEVr 2015 in San Francisco next month.

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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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on September 23, 2015
Categories: BehavioSec, Currency Cloud, FinDEVr APIntelligence, Intuit, Kantox, On Deck Capital, PayNearMe, PayPal, Personal Capital, Tradier, Xero

Are you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, to be held on 6/7 Oct in San Francisco.

Developer news

Fusion, Switzerland’s first fintech accelerator, selects 10 startups for its 12-month acceleration program that starts on 5 October.

The latest from upcoming FinDEVr 2015 presenters

PayPal explains its recently launched API Transactions Dashboard.

BehavioSec joins PwC’s Accelerator Programme.

Personal Capital appoints Mark Goines as CMO.

Business Insider ranks Currency Cloud among top fintech companies in Britain.

Let’s Talk Payments lists 25 top alternative lending startups including OnDeck.

Kanto X hits $2+ billion in currency exchange transactions.

7-Eleven and PayNearMe launch PayNearMe Bill Pay app, a full-service bill payment center.

OnDeck and Intuit join forces to launch $100 million lending fund for small businesses.

Alumni updates

Dynamic Trend integrates with Tradier Brokerage API.

Xero previews two new features—billable expenses and invoice reminders—for small-business users of its platform.

Stay up to date on daily developments by following FinDEVr on Twitter.

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From API to UX/UI: A Preview of FinDEVr 2015

By David Penn Posted on September 23, 2015
Categories: FinDEVr 2015, FinDEVr 2015 San Francisco

FinDEVr 2015 kicks off two weeks from today. Save your spot and join us in San Francisco, 6/7 October, for the premier event for fintech developers, engineers, and CTOs.

FinDEVr returns to the Mission Bay Conference Center at the University of California San Francisco for two days of fast-paced, TED-style presentations. Leading technology companies will showcase their latest tools, APIs, and case studies to help fintech developers optimize their innovations.

FinDEVr is a great way to stay on top of the latest trends in financial technology. For example, compare this year’s theme cloud above to the one below from our inaugural FinDEVr last year.

Many themes remain front and center, even after a year. Seeing Payments, Big Data and Mobile as major themes reminds us what matters most to those building tomorrow’s fintech today.

At the same time, the biggest and most interesting difference between this year and last is the rise of bitcoin and the blockchain. If we are in a golden era of financial technology, then the emergence of technologies like the blockchain is as good as evidence as any.

And from our point of view, the best part is the growing population of builders from around the world who are developing tools to enable faster, more secure, and less costly interactive experiences online for businesses and consumers, wherever they are. We believe if you’re a part of this community—or want to meet those who are—you’ll want to be with us on 6/7 October for FinDEVr.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on September 23, 2015
Categories: BehavioSec, Concur, Currency Cloud, Dwolla, eToro, Flywire, iSignthis, Lending Club, Nutmeg, On Deck Capital, PayPal, Personal Capital, Red Giant, Simple, Stratos, StreetShares, Tradier, TransferWise, TSYS, Xero, Zopa

On Finovate.com

“FinovateFall 2015 in the Media“

“From API to UX/UI: A Preview of FinDEVr 2015“

Around the web

Stratos wins Fast Company’s Innovation by Design Award, the company’s third product award.

Business Insider ranks Algomi, Currency Cloud, eToro, Nutmeg, Zopa, and TransferWise among top fintech companies in Britain.

Concur integrates with GigSky to enable travelers to access the internet while traveling.

Dwolla expands its credit services to include instant money transfers among friends and family.

Let’s Talk Payments lists 25 top alternative lending startups including OnDeck, Street Shares, Zopa, and Lending Club.

Xero previews two new features—billable expenses and invoice reminders—for small-business users of its platform.

peerTransfer announces U.S., Europe expansion; rebrands as Flywire.

TSYS to expand its Enterprise Tokenization technology to support Android Pay.

Red Giant launches its Red Giant Family Plan to offer families a way to manage daily spending.

iSignThis‘ KYC services now satisfy U.S. anti-money laundering requirements.

PayPal explains its recently launched API Transactions Dashboard.

BehavioSec joins PwC’s Accelerator Programme.

Dynamic Trend integrates with Tradier.

Lending Club’s Carrie Dolan named one of American Banker’s 2015 Most Powerful Women in Finance.

Personal Capital appoints Mark Goines as CMO.

Matt Compton becomes COO of Simple, which has tripled its staff to 300 employees from February 2014.

TechCrunch features Lending Club’s coming-of-age story.

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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Tuesday Tactics: The Art of Bank’s Own-Site Search

By Jim Bruene Posted on September 22, 2015
Categories: Capital One, Service

One area that’s long been marked “needs improvement” on most banks’ digital report cards is site search. But it’s getting much better. Five of the 10 largest U.S. banks—BofA, Wells, Citi, Capital One, PNC—now offer “autocomplete suggestions” something even Google didn’t fully implement until 2008.

That’s great progress, but even at these digital leaders the search results can fall short. Most FIs still present a laundry list of results with some sorting for relevance. For easy searches such as “checking,” all the majors deliver relevant results. But only one takes it to the next level, Capital One (also an honorable mention to BB&T for including thumbnail pictures, making results look much more interesting, and to PNC, for including product recommendations for some searches, e.g., “checking”).

Of the 10 U.S. megabanks, Capital One is by far the winner in our search for good search. They do five things in the initial search that most others do not:

Since search is often related to branches/ATMs the bank includes a link to that at the top of the search page (see #1 in screenshot)
The suggested search terms are well curated (see #2)
Most-likely product-results are included at bottom with eye-catching graphics (see #3)
The bank does not automatically assume you are a consumer. In this example, they showed links to both consumer (interestingly, only to the 360 products inherited from ING Direct) and business checking (see #4)
The UI is very Google-like with lots of white space and no distractions

————–

In addition, Capital One’s search-results page is laid out in a user-friendly manner:

There are five key sections (noted above):

Capital One assumes all searches are “questions,” so it provides the most likely answer in a shaded box at the top of the search results
Other curated FAQs related to the search-term
Full site-search results
Contact Us section for more help
Feedback loop

———-

Interestingly, unlike the other nine mega-banks, Capital One does not offer site-search directly on the homepage. A search icon is prominently located on the top right, but the bank takes you to a separate page to begin the search. I prefer searching directly on the homepage, but that’s not nearly important as delivering relevant and well-structured results.

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Note: We looked at these major U.S. retail banks: Bank of America, BB&T, Capital One, Chase, Citibank, HSBC, PNC Bank, Suntrust, US Bank, Wells Fargo

———-

We’ll be delving deep into issues like this at the second annual FinDEVr event for digital bank builders on 6/7 October in San Francisco.

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Trading Ticket Picks Up $4 Million in Seed Funding from Citi, Valar Ventures

By David Penn Posted on September 22, 2015
Categories: Trading Ticket

So how did you spend the days leading up to FinovateFall 2015?

Finovate newcomer and mobile trading platform developer, Trading Ticket, celebrated its first appearance at Finovate with a $4 million seed investment from Citi Ventures and Valar Ventures.

Ramneek Gupta, managing director and co-head of investing at Citi Ventures, praised Trading Ticket’s ability to “integrate mobile trading seamlessly into online publishing platforms.” Trading Ticket’s TradeIt platform makes trading easier and more secure, enabling traders and investors to trade from partner websites and apps with whatever broker they choose. The technology is expected to go live soon on mobile apps including Stock Trader, Rubicoin, and Investr. Major financial websites like Benzinga, MarketWatch, and The Street.com will also soon feature TradeIt.

As part of the investment, Andrew McCormack (Valar founding partner) and Blake Darcy (DLJdirect founding CEO) will join the Trading Ticket board. Gupta will serve as a board observer.

Trading Ticket distinguishes itself from other mobile trading solutions in three ways, according to company co-founder and CEO Nathan Richardson. “Speed to trade for users, order volume for brokers, and a direct monetization opportunity for publishers who don’t want the conflict of becoming a broker-dealer.” Publishers and web-app developers can integrate TradeIt into their own solutions through the TradeIt API, widgets, a short URL for use with social media like Twitter, as well as an iOS SDK, and ad units. Exchange-traded fund (ETF) providers say the platform helps them “close the sales cycle” with retail investors in particular by making it easier for visitors to buy highlighted fund offerings.

The technology won Trading Ticket “Most Innovative Trading Solution” at Citibank’s Global Mobile Challenge this spring.

Founded in September 2014 and headquartered in New York, Trading Ticket made its Finovate debut at FinovateFall 2015. Video of the company’s live demonstration will be available later this week.

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CoverHound Completes $33 Million Series C

By David Penn Posted on September 22, 2015
Categories: CoverHound, Funding, Fundings

Move over robo-advisers and alternative lenders, there’s a new destination for investment dollars in the fintech space.

Digital insurance-comparison and -shopping platform CoverHound announced today that it closed a $33.3 million Series C round. The investment takes the company’s total funding to more than $53 million, giving CoverHound a valuation of more than $100 million.

The round was led by ACE Group and featured participation by existing investors, American Family Ventures, Blumberg Capital, Core Innovation Capital, Route 66 Ventures, and RRE Ventures.

CoverHound CEO Keith Moore emphasized his company’s commitment to the comparison-shopping model as the “fastest and smartest way” for consumers to buy property and casualty (P&C) insurance. The company plans to use the capital to invest in new talent, specifically in product management and engineering, as well as new products for SMEs and entrepreneurs. CoverHound also plans to emphasize adding insurance carriers to its platform and finding partnerships in new states.

2015 has been a banner year in funding for CoverHound. This spring, the company announced a successful $14 million Series B round that included news of its Google Compare partnership. CoverHound currently provides auto, homeowners, renters, and motorcycle insurance from more than 20 carriers including Progressive, Safeco, Travelers, and MetLife. The company says it has experienced new customer policy growth of more than 168% in 2015.

As part of the investment, James D. Robinson III, RRE Ventures’ co-founder and general partner, will join the CoverHound board. Robinson was CEO of American Express from 1977 to his retirement in 1993.

Founded in May 2010 and headquartered in San Francisco, California, CoverHound demonstrated its technology at FinovateFall 2013 in New York.

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FinovateFall 2015 in the Media

By Julie Muhn (@julieschicktanz) Posted on September 22, 2015
Categories: FinovateFall 2015

Although FinovateFall 2015 is over, it left behind plenty of new innovations, piles of fresh business cards, and a plethora of press coverage.

Thanks to everyone who attended, and especially those who spent long hours covering the event on their publication.

Below is the press coverage; if we’ve missed any, please send to [email protected].

———

American Banker
Can an App Fix Debt Collectors’ Image? This Startup Thinks So
by Mary Wisniewski
Link
Dominant Theme at Finovate: Authentication Needs Fixing
by Penny Crosman
Link

Bank Innovation
FinovateFall, Day One: All Aboard the Mobile Train
by Phillip Ryan
Link

FinovateFall, Day Two: Tackling the Identity Problem
by Phillip Ryan
Link

Why Marketplace Lending Is Set to Boom
by JJ Hornblass
Link

Barlow Research Associates
Innovations to Excite: Business Banking Customers Benefit
by Donna Arce
Link

Beyond the Arc blog
Innovation in Financial Services—FinovateFall 2015
by Stephen Ramirez
Link

Byte Academy
Finovate History—Behind One of The Largest FinTech Conferences
Link

The Latest Fintech Innovations for Millennials
By Millennial EH
Link

Celent blog
Mobile, onboarding among dominant themes at FinovateFall 2015
by Dan Latimore
Link

Why Banks Should Pay Attention to “Assistant as an App”
by Stephen Greer
Link

Centrumpr.pl
Finanteq z główną nagrodą na Finovate w Nowym Jorku (in Polish)
Link

CSTMR
FinovateFall 2015: Day 1, Recap + 5 Highlights (and some interesting tidbits)
by Rory Holland
Link

FinovateFall 2015: Day 2, Recap + 8 Winners
by Rory Holland
Link

FierceFinanceIT
Open APIs continue to gain steam
By Renee Caruthers
Link

The Financial Brand
Account Opening and Onboarding Solutions Dominate Finovate
by Jim Marous
Link

Finextra
Reflections on FinovateFall: Mobile, Money and Millennials
by Dan Glessner
Link

The Fintech Blog
Fintech’s Zeitgeist
by Michael Halloran
Link

Forbes
5 New Tech Tools to Save Money and Invest Better
Richard Eisenberg
Link

Do-It-Yourself Securitization of Marketplace Loans with Startup Ldger
by Amy Feldman
Link

SMB Cash Advance Firm MCC, Rebranded as Bizfi, Wants to Matchmake Small Businesses and Lenders
by Amy Feldman
Link

Javelin Strategy and Research blog
FinovateFall 2015 Prequel–A Smorgasbord of Fintech Snark
by Nick Holland
Link

Ldger blog
How We Prepared for our First Finovate
by Hyung Kim
Link

Le Temps
New York, nouveau pôle d’attraction pour la fintech (in French)
by Yves Hulmann
Link

Let’s Talk Payments
BIZFI launches API and White-label Solutions to Increase Small Business’s Access to Capital at Finovate New York
by LTP Team
Link

Members Development Company
MDC Attends Finovate
Link

Money Summit
FinovateFall 2015, Day One: Live Blog
by Jon Ogden
Link

Finovate Fall 2015, Day Two: Live Blog
by Jeff Meredith
Link

New York Business Journal
Horrible banking is reimagined by these 12 N.Y.C. Fintech startups
Link

Millennial banking startup and e-commerce innovator take top N.Y.C. Finovate honors
by Michael del Castillo
Link

Next Avenue
5 New Tech Tools to Save Money and Invest Better
by Richard Eisenberg
Link

NextFin
Fintech Autumn Tour: conferences, lectures and panel discussions on the state of things
by Hartmut Giesen
Link

The Paypers
Socure introduces facial authentication solution
Link

Xignite, 21 innovators to launch the #FintechRevolution API Ecosystem
Link

Pymnts.com
Are Sound Waves the Future of Mobile Payments?
Link

FinovateFall 2015 Recap: How Fintech Companies Pitch Innovation
Link

Making the Mobile Wallet the ‘Better Way’ to Pay
Link

Why Soundpays Says Sound Waves are the Way to Pay
Link

Quisk blog
Reflections on FinovateFall: Mobile, money and millennials
by Dan Glessner
Link

TechDay News
Finovate History—Behind One of the Largest FinTech Conferences
by Emily Hunt
Link

The Latest Fintech Innovations for Millennials
by Emily Hunt
Link

WealthManagement.com
Twenty-three Wealth Management Innovations at Finovate Fall 2015
by Ryan W. Neal
Link

TheWealthNet
First the robo-adviser, now comes the digital private bank (paywall)
Link

William Mills Blog
FinovateFall 2015 Day 1: Video Recap
by William Mills and Stephen Ramirez
Link

FinovateFall 2015: Final Recap
by William Mills and Stephen Ramirez
Link

FinovateFall 2015 Interview with Steven Ramirez and David Eads, CEO of Gro Solutions
by Stephen Ramirez
Link

FinovateFall 2015 Live Blog—Day 1
by William Mills, Stephen Ramirez, and K.T. Mills
Link

FinovateFall 2015 Live Blog—Day 2
by William Mills, Stephen Ramirez, and K.T. Mills
Link

FinovateFall 2015 Morning Video Recap Day 1
by William Mills and Stephen Ramirez
Link

FinovateFall 2015 Video Interview: William Mills and CCG Catalyst
by William Mills
Link

FinovateFall 2015 Video Preview
by William Mills
Link

WMA CEO William Mills Discusses FinovateFall 2015—Video Preview
by William Mills
Link

Yodlee Interactive blog
Amazing App: How HelloWallet Improves Financial Wellness
by Jenna Cheng
Link

FinovateFall 2015 is sponsored by The Bancorp, CapitalSource, Envestnet, Financial Technology Partners, Hudson Cook, KPMG, and Zions Bank.

FinovateFall 2015 is partnered with Aite Group, American Bankers Association, Bank Innovators Council, BankersHub, bobsguide, Breaking Banks, California Bankers Association,Canadian Trade Commissioner Service, Celent, The Cointelegraph, CrowdFundBeat, ebanking news, HotWire, IDC Financial Insights, Javelin Strategy & Research, Let’s Talk Payments, Mapa Research, Mercator Advisory Group, Mergermarket, The New Economy, NYPAY, The PAYPERS, SME Finance Forum, and World Finance.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on September 22, 2015
Categories: BlueVine, CellTrust, Check Point, CoverHound, Engage Financial Technology, eWise, Geezeo, Konto X, OnBudget, PayNearMe, SecureKey, ShopKeep POS, Stratos, Temenos, ThreatMetrix, TIO Networks, Trading Ticket

On Finovate.com

“CoverHound Completes $33 Million Series C”

“Trading Ticket Picks Up $4 Million in Seed Funding from Citi, Valar Ventures”

Around the web

Engage Financial Technology, formerly OnBudget, powers BBVA’s new ClearSpend mobile budgeting app.

Eastern Bank to pilot Stratos partner program.

PYMNTS considers BlueVine’s approach to factoring.

CellTrust named a finalist for Arizona Technology Council’s 2015 Governor’s Celebration of Innovation Awards.

SecureKey brings its SecureKey Concierge authentication and ID verification service to the U.S.

Temenos executive James Redfern joins eWise as Global Head of Sales.

Geezeo unveils new API website with revised REST API and .NET SDK.

ShopKeep acquires Ambur, an mPOS software specialist.

TIO Networks forms TIO Telecom Solutions, a new division focused on the needs of network operators.

ThreatMetrix experiences 50% increase in mobile volume since Sep 2014.

Kanto X hits $2+ billion in currency-exchange transactions.

Check Point and AirWatch partner to secure the future of the mobile enterprise.

7-Eleven and PayNearMe launch PayNearMe Bill Pay app, a full-service bill-payment center.

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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FinDEVr Preview: Corezoid

By Julie Muhn (@julieschicktanz) Posted on September 21, 2015
Categories: Corezoid.com, FinDEVr 2015 Preview

FinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at the second annual FinDEVr, 6/7 October.

Corezoid.com is a cloud operating system that allows companies to build a digital core.

Why it’s a must-see
Corezoid is a platform for building agile processes that are triggered by real-time events. Corezoid is a PaaS tool for creating IT solutions with the use of automata-based programming with explicit state selection. Corezoid is now available for global access on the Amazon Marketplace. Developers from all over the world can create their own digital core.

Check out more of today’s Previews:

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FinDEVr Preview: Enterprise Engineering Inc.

By Julie Muhn (@julieschicktanz) Posted on September 21, 2015
Categories: Enterprise Engineering, FinDEVr 2015 Preview

FinDEVr Previews highlight companies presenting new developer tools, platforms & integrations at the second annual FinDEVr, 6/7 October.

Enterprise Engineering Inc. (EEI) will be presenting its Trusted Network Platform, an advanced data-aggregation and -management software, consisting of both a core engine and an API. This technology drives innovation across industries enabling clients to offer leading products and services to the market, as well as gain insight from the information that is available.

Why it’s a must-see
Experience a unique, trusted data-aggregation platform that powers the client experience and digital intelligence for the top-tier financial firms. The Trusted Network flexibly addresses multichannel, multiprotocol requirements for all financial solutions. Watch as they access this real-time data via direct connect and other traditional channels.

Check out more of today’s Previews:

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FinDEVr Preview: Aerospike

By Julie Muhn (@julieschicktanz) Posted on September 21, 2015
Categories: Aerospike, FinDEVr 2015 Preview

FinDEVr Previews highlight companies presenting new developer tools, platforms & integrations at the second annual FinDEVr on 6/7 Oct.

Aerospike will present examples of projects that are best served by their decision-engine, which is a NoSQL approach. Aerospike will highlight common data-modeling pitfalls, plusses and minuses of different NoSQL solutions, and examples of hardware deployment and costs.

Why it’s a must-see:
Learn how internet companies—adtech, retail, and social—have built real-time decision and pricing systems based on stateless compute-nodes and a fast, scalable NoSQL data-layer. The new stack will provide access to more data (petabytes) and supports agile, innovative algorithms and libraries that allow fintech companies to build offerings.

Check out more of today’s Previews:

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