Blog - Page 773 of 1215

PayItSimple Receives $10 Million Line of Credit

By Julie Muhn (@julieschicktanz) Posted on May 19, 2015
Categories: Funding, PayItSimple

Installment-based payment platform PayItSimple is off to a good start this week. The company announced today it received a $10 million line of credit from New York-based Simpel Management.

The funds will be used to enable merchants on the PayItSimple platform to offer their customers an interest-free way to purchase large ticket items in multiple installments using their existing credit cards. While customers pay over time, merchants receive the entire payment up front.

For an in-depth view of how it works, check out our previous coverage.

PayItSimple debuted at FinovateFall 2014 in New York.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring 2015 in the Press

By Julie Muhn (@julieschicktanz) Posted on May 18, 2015
Categories: FinovateSpring 2015

As always, we had a blast watching the 71 companies demo their new tech live in front of the FinovateSpring audience in San Jose. It’s almost as fun to relive the conference through post-event press coverage and Twitter highlights.

Below is the press coverage so far. We’ll be adding articles as they are published throughout the next few weeks. If we missed your coverage, please send an article link to [email protected]).

Aite
2015 FinovateSpring Spree
by David Albertazzi’s
Link

American Banker
Accenture Teams with Moven to Develop Digital Banking Tools
by Jacob Passy
Link

Mitek Debuts ID Scanning Tech for Account Opening
by Penny Crosman
Link

New Banking App Aims for the Instagram Set
by Mary Wisniewski
Link

Asaahi
Finance and IT of fusion, hear how far to Finovate founder (in Japanese)
by Miyaji Yu
Link

Investment net settlement in the IT venture wave application of the U.S. financial (in Japanese)
by Miyaji Yu
Link

Bank Innovation
CIBC First to Launch Funds-Transfer for Apple Watch
by JJ Hornblass
Link

In the Bank Account of the Future, Context is King
by Philip Ryan
Link

Moven Preps PayPal Integration, Global Growth
by Philip Ryan
Link

Barbara Friedberg Personal Finance blog
Finovate, a Glimpse into Your Money-Tech Future
by Barbara Friedberg
Link

Beyond the Arc blog
Finovate 2015 Day 1: video commentary on financial innovation and fintech
by Steven Ramirez
Link

Finovate Spring 2015: Fintech innovation for banking and wealth management
by Steven Ramirez
Link

The Latest in Financial Services Innovation from Finovate
by Steven Ramirez
Link

Video interview with JP Nicols, Bank Innovators Council
by Steven Ramirez
Link

Biometric Update
SayPay Technologies, VoiceVault to deliver voice-biometric payments solutions
by Justin Lee
Link

Boston Financial Data Services
Friction is the Enemy of Speed
by Matthew Gould
Link

CBanque
FinovateSpring marque le retour du PFM
Link

CMO.com
What You Missed At Finovate: Social Banking Experiences
by Michael Hinshaw
Link

CU Times
Community FIs Out-Innovating Big Banks: Onsite Coverage
by Roy Urrico
Link

Finovate Emphasizes Engagement: Onsite Coverage
by Roy Urrico
Link

Finovate Presenters Share Innovations: Onsite Coverage
by Roy Urrico
Link

Mobile Tech Innovation Vital: Onsite Coverage
by Roy Urrico
Link

Payment Technology in the Cards: Onsite Coverage
by Roy Urrico
Link

Sizing Up Small Business Lending: Onsite Coverage
by Roy Urrico
Link

Dwolla blog
5 of our Favorite Demos from Finovate Spring
by Mariah Young
Link

The Financial Brand
3 Fintech Innovation Trends Banking Should Watch
by Steven J. Ramirez
Link

New Moven App Encourages Savings, Eliminates Product Silos
by Jim Marous
Link

Financial Services Club
Brett King’s Moven 4.0 wins Best in Show at Finovate
by Jim Marous
Link

Finextra
Moven and Accenture team up to sell digital tools to banks
Link

The Fintech Blog
My Take on Finovate
by Michael Halloran
Link

Finovate blog
FinovateSpring 2015 Best of Show Winners Announced
by David Penn
Link

Forbes
Moven Takes Its Mobile Banking Global with Accenture
by Tom Groenfeldt
Link

iontuition blog
Credit Sesame, iontuition join forces to empower students
Link

Javelin Strategy & Research blog
Dear Fintech, Give People Meaningful Experiences, Not Gold Stars
by Meg Cain
Link

Finovate Showed That Fintech is Becoming Personal. Will Banks Have the Confidence to Be “Creepy,” Too?
by Ian Benton
Link

Lazy Man and Money
Who Wants In on the DRAFTApp Private Beta?
Link

Lend Academy
Cloud Lending Solutions Launches Loan Application Exchange
by Ryan Lichenwald
Link

Let’s Talk Payments
Breaking: Finovate Announces the Winners of its FinovateSpring 2015
Link

PFM App Moven Joins Forces with Accenture to Transform Digital Banking Solutions
Link

This Cloud Solution Provides Apple Pay-Like Payment Experience to Android Users
Link

Mitek Blog
Cool. Fast. ID Verification.
by Amber
Link

Mobile Payment Magazine
Dream Payments Mobile POS Device Presented @Finovate
by Peter Goggin
Link

Mobile Payments Today
Stratos upgrades digital card-issuance strategy
Link

Money Marketing
Ian McKenna: Dispatches from Finovate (Day one)
by Ian McKenna
Link (sign-up wall)

Ian McKenna: Dispatches from Finovate (Day two)
by Ian McKenna
Link (sign-up wall)

MoneySummit
Essential Fintech Reading: 9-15 May 2015
by Jon Ogden
Link

Nerd Wallet
NerdWallet Gets $64 Million on Road to $1 Billion Valuation as Money Pours Into Fintech
by Michael Halloran
Link

Payment Law Advisor
Finovate Summary
by Davis Wright Tremaine
Link

The Paypers
Accenture and Moven partner for digital banking solutions
Link

PYMNTS.com
Kabbage’s Next-Phase Finserv Solution for SMBs
Link

Mitek’s New Mobile Tech Verifies Driver’s Licenses
Link

SizeUp blog
Beyond the Arc: Emerging Theme of Small Business in Fintech with SizeUp FI
Link

The Street
Wells Fargo, Schwab Mingle with Disruptive Financial Tech Start-Ups at Finovate
by Michael HalloranFollow
Link

Taxes.about.com
10 Emerging Financial Technology Apps with a Tax-Angle
by William Perez
Link

TechCrunch
Credit Monitoring and Debt Management Service, Credit Sesame, Raises $16 Million
by Sarah Perez
Link

Vouch Raises $6 Million Series A for its Social Network for Credit
by Sarah Perez
Link

Visible Banking
Moven Demoes its Impulse Saving App on the Apple Watch
by Christophe Langlois
Link

Wall Street Journal Blog
Vouch Raises $6 Million for Loans Backed by Borrower’s Social Network
by Lizette Chapman
Link

WealthManagement.com
Finovate Spring 2015: 72 Startups Demonstrate New Fintech Products
by Ryan W. Neal
Link

Finovate Spring 2015: 7 Wealth Management Innovations, Day 1
by Ryan W. Neal
Link

Finovate Spring 2015: 7 Wealth Management Innovations, Day 2
by Ryan W. Neal
Link

Wharton Magazine
Finovate 2015: Reporter’s FinTech Notes
by Paulynn Yu
Link

William Mills Agency Blog
FinovateSpring 2015, Day 1: Afternoon Recap
by William Mills III and Steven J. Ramirez
Link

FinovateSpring 2015, Day 2: Afternoon Video Recap
by William Mills III & Steven J. Ramirez
Link

FinovateSpring 2015, Day 2: Morning Video Recap
by William Mills III & Steven J. Ramirez
Link

FinovateSpring 2015, Video Interview with Beyond the Arc and CCG Catalyst
by Steven J. Ramirez
Link

FinovateSpring 2015, Video Interview: Beyond the Arc and Fin Mason
by Steven J. Ramirez
Link

Live Blog at FinovateSpring 2015, Day 1
by William Mills III and Steven J. Ramirez
Link

Live Blog at FinovateSpring 2015, Day 2
by William Mills III and Steven J. Ramirez
Link

Morning Video Recap, FinovateSpring 2015
by William Mills III and Steven J. Ramirez
Link

Yodlee Interactive blog
Highlights from FinovateSpring 2015: Fintech Innovators and Yodlee Sense
by Jenna Cheng
Link

A huge thank-you to everyone who spent their nights and weekends covering the event!

Share this:

Send Post Twitter LinkedIn Facebook

Feedzai Announces More than $17 Million in New Funding

By David Penn Posted on May 18, 2015
Categories: Feedzai

Finovate confirmed by email this morning that data science specialist Feedzai raised $17.5 million in new funding in a round led by Oak HC/FT. The capital takes Feedzai’s total to more than $22 million, and will help the company grow its engineering and sales talent to help meet demand for the company’s anti-fraud technology.

Participating along with Oak HC/FT in the Series B financing round were existing investors Espirito Santo Ventures and Sapphire Ventures (formerly SAP Ventures). Oak HC/FT will send two of its own, General Partner Patricia Kemp and Venture Partner Jonathan Weiner, to serve on Feedzai’s board of directors.

Kemp highlighted Feedzai’s big data science and machine learning background as key to her firm’s decision to invest. Feedzai’s technology analyzed more than 18 billion transactions in 2014, equaling more than $760 billion in payment volume. The company’s Fraud Prevention API for developers handled transaction growth of more than 300% “in late 2014.”

Feedzai CEO Nuno Sebastiao presented Feedzai Fraud Prevention at FinovateEurope 2014 in London.

Feedzai is one of a growing number of innovators leveraging big data/data science and machine learning for corporate clients. And while the Feedzai’s Fraud Prevention Suite is the company’s signature technology, its platform provides actionable, real-time business insights that go beyond risk and fraud management to give institutions the ability to tap into the “hidden value in the data to drive revenue growth.” Covering transactions and data flows across channels, Feedzai includes enterprises as diverse as First Data, Coca-Cola, and Vodafone among its customers.

Founded in 2008 and headquartered in San Mateo, Calif., Feedzai demonstrated its Fraud Prevention Suite at FinovateEurope 2014 in London. Nuno Sebastiao is CEO

Share this:

Send Post Twitter LinkedIn Facebook

Friction is Good: Social Network for Credit Innovator, Vouch Raises $6 Million

By David Penn Posted on May 18, 2015
Categories: PayPal, Prosper, Vouch

Fresh off its debut at FinovateSpring 2015 in San Jose, the world’s first social network for credit, Vouch, has raised $6 million in Series A funding from new and existing investors. Vouch’s total capital now stands at more than $9 million, and will help fuel the company’s ability to expand both the number and size of loans offered to its customers.

New investors included Cooley LLP, Data Collective, Stanford StartX Fund, and Core Innovation Capital, whose founder and managing partner, Arjan Schütte, will join the Vouch board of directors. They were joined by existing Vouch investors, AngelList, First Round Capital, Greylock, and IDG Ventures.

If you didn’t think P2P lending could get any more “P”, then you don’t know Vouch. The online lender enables borrowers to develop a “Vouch network”, including friends and family willing to “vouch” for their loans. By vouching, the friend or family member agrees to pay some increment of the loan if the borrower does not. Borrowers can take out larger loans on better terms based on the size and quality of their network. Schütte referred to the platform “simple, yet transformative.”

Vouch provides installment loans ranging from $500 to $15,000, with interest rates between 5% and 30%. Borrowers must have a minimum FICO score of 600, and they cannot be engaged in bankruptcy or foreclosure proceedings. Vouch charges a loan-origination fee between 1% and 5% of the amount borrowed.

Vouch combines the increasingly widespread tactic of leveraging social networks to learn more about an individual borrower’s creditworthiness with proven financial strategies like co-signing and sponsorship. TechCrunch reports that more than 70% of the company’s traffic is mobile (both iOS and Android), and more than half the platform’s users are female and older than 35 years of age. According to Vouch co-founder and CEO Yee Lee, a quarter of those using the technology are first-generation immigrant to the U.S., as he is. Founding the company along with Lee in 2013 were Sue Horn (formerly of Prosper) and Hugh Olliphant (formerly of PayPal). Lee is also a PayPal veteran.

Based in San Francisco, Vouch was the first company to present at FinovateSpring last week. CEO Yee Lee started off his demo and the event with a bang. Explaining how his platform likes the idea of keeping “friction intentionally high” during the onboarding process for both potential borrowers and potential vouchers, Lee offered the eyebrow-raising observation that sometimes in fintech “friction is good.”

Ceo of Vouch at #finovate: “In the financial industry, sometimes friction is good and necessary” pic.twitter.com/MFqh5oncmA

— AXA Lab (@AXALab) May 12, 2015

Nice job at #finovate @yeeguy – #vouch is social network for money, high-friction boarding ensures graph represents real trust

— Ben Brown (@bebrown2) May 12, 2015

love a guy that pitches his app as being purposefully non-frictionless! Nice job Vouch! #finovate

— Joe Kleinwaechter (@jkleinwaechter) May 12, 2015

Find out why in Vouch’s live demo at FinovateSpring 2015 available in our Video Archives later this week.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on May 18, 2015
Categories: defi Solutions, Feedzai, Financial Guard, Google Cloud Platform, Lending Club, LikeFolio, Motif Investing, Novabase, Taulia, TransferWise, Vouch, Xero

On Finovate.com

Feedzai Announces More than $17 Million in New Funding

Friction is Good: Social Network for Credit Innovator, Vouch Raises $6 Million

Around the web

Financial Guard launches its enhanced, fee-transparency service.

defi SOLUTIONS acquires OpenRule Systems APM.

Benzinga interviews Andy Swan, LikeFolio co-founder.

Wizzio by Novabase featured at IBM World of Watson event.

CNBC talks about P2P currency transfer with TransferWise CEO Kristo Kaarmann.

Motif Investing earns spot on CNBC’s Disruptor list.

Xero ranked #1 Forbes Most Innovative Growth Company 2015.

Lending Club receives Entrepreneurial Company of the Year Award from Harvard Business School Association of Northern California.

Xero scoops Company of the Year at annual Hi-Tech Awards.

Payments Source looks at how Taulia speeds up payments for businesses.

Google drops cloud computing prices by up to 30%.

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.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring 2015: Twitter Talk from San Jose

By David Penn Posted on May 15, 2015
Categories: FinovateSpring 2015

There are many ways to enjoy a Finovate conference. Following along with the conversation, debate, and occasional comic turns of our attendees on Twitter (@Finovate) is definitely one of them.

And the stats seems to back it up. Courtesy of seen.co and its analysis of #Finovate of the past week, we learned that more than 1,300 people created more than 6,000 posts reaching well over 3 million Twitter followers.

Still, numbers tell only half the tale of FinovateSpring 2015. For the rest of the story, enjoy this small sample of some of those 6,000 tweets.

I don’t often go to SJ, but when I do, I #Finovate … Ping me if you want to meet – talk #Underserved, mobile payments + bank partnerships

— Billy Robins (@WARobins) 9 May 2015

For fintech folks it’s like #Christmas in spring, as #Finovate fires up for 2015. http://t.co/gUTvMh2Q7h @CUbroadcast pic.twitter.com/eupZup2toN

— Jordan Rumsey (@JordanCUInsight) 9 May 2015

Love the #finovate hierarchy of needs! @Finovate pic.twitter.com/Zy0o5YjswC

— Blake (@blake842) 12 May 2015

very entertaining skit from FIS Mobile on cardless, smartphone-driven ATM cash pre-orders #finovatespring #finovate

— Gavin Spitzner (@gspitzner) 12 May 2015

Banks need to digitally transform their mortgage business http://t.co/NnQmYWSMCh Nice to see vendors like @topimagesystems helping #finovate

— Alyson Clarke (@alysonmclarke) 12 May 2015

‘@MyMoneyAmigo -REALLY cool UI mobile app-focused on #unbanked with an emphasis on the Hispanic population http://t.co/UmPPH9RROG #finovate

— William Mills (@williamemills) 12 May 2015

Experiencing some serious #fintech #FOMO missing out on yet another #Finovate Thank god for the ridiculously active twitter feed @ryanWneal

— Magda Milczarska (@mru_mru) 12 May 2015

the cracked screen on the @dashcardnews demo mobile device is awesome #bootstrapping #finovate

— jasonmonberg (@jasonmonberg) 12 May 2015

I want to take the #finovate gong to every meeting.

— John Waupsh (@waupsh) 12 May 2015

How to get everyone back after lunch in time during a conference? Give away an Apple watch. Good one #finovate ! — symigoddess (@symigoddess) 12 May 2015

On stage at #Finovate, Dynamics claims to have developed the first “Computer in a credit card” pic.twitter.com/tNpxszCGQK

— AXA Lab (@AXALab) 12 May 2015

On the right, a product guy looking for more marketing budget. On the left, the CFO dressing in character. #Finovate pic.twitter.com/5lDVY0yMoo

— Aaron Suplizio (@AaronSuplizio) 12 May 2015

Avoka taking content management to an enhanced level #Finovate

— Tracey Dunlap (@tmowday) 12 May 2015

You know you’re in a banking conference when a presenter throws cash at the audience and no one rushes for it #Finovate

— Walt Cox (@waltrcox) 12 May 2015

@Dwolla is making available in the U.S., what almost every other major developed country has had for 10 years. Real-time transfers. #Finovate

— Matt West ️ (@Matt__West) 12 May 2015

Backstage push-ups with fellow MC Heather. Day 1 done! #Finovate pic.twitter.com/fzIyVAEfcr

— Julie Schicktanz (@JulieSchicktanz) 12 May 2015

@brettking showing the future of banking at #finovate. #slick!

— James Hodges (@clubhodgey) 13 May 2015

@Shoeboxed just woke me up! Good solution, midway between what’s possible today, and integrating with merchant systems. #Finovate

— Osemeke Mosindi (@manolo_ftech) 13 May 2015

#finovate – crystals in a card, credit scores in a watch, and people in an ATM.

— John Waupsh (@waupsh) 13 May 2015

Always awesome to hear Suresh Ramamurthi from CBW Bank. Understands the full bank tech stack from outside in and now inside out. #finovate

— JP Nicols (@JPNicols) 13 May 2015

Subjective word cloud from first 20 #Finovate demos 13 May. pic.twitter.com/8OsZDrUnp3

— Dan Latimore (@DanLatimore) 13 May 2015

@corezoid is stem-cells for building the digital core of a bank. Sweet! #Finovate

— Claudia Jones (@Claudiesque) 13 May 2015

From #Finovate attendee to presenter. Awesome social banking app demoed by @NAMUAPP

— Kelsey Umemoto (@KelseyUmemoto) 13 May 2015

Final #Finovate word cloud—unscientific collection of concept discussed on second day of demos. #partnership is big pic.twitter.com/RRiSXeLrTh

— Dan Latimore (@DanLatimore) 13 May 2015

@JulieSchicktanz and Heather Stowell did an excellent job hosting #finovate just as well as Tina Fey and Amy Poehler at the #GoldenGlobes

— Yantra Financial (@yantrafinancial) 13 May 2015

@brettking congratulations. How about a #breakingbanks show featuring the #Finovate best of show winners?

— Derek Corcoran (@cxofficer) 13 May 2015

Congratulations to the #Finovate Spring 2015 “Best of Show” winners. pic.twitter.com/QrpJkAcocZ

— Finovate (@Finovate) 14 May 2015

Share this:

Send Post Twitter LinkedIn Facebook

Fintech Fundings: 14 Companies Raise $160 Million Week Ending May 15

By Jim Bruene Posted on May 15, 2015
Categories: Funding

money_tree While this week’s total of $160 million ($124 mil equity; $36 mil debt) won’t make headlines, the 14 companies raising money included a number of interesting plays. The biggest amount by far was the $64 million in equity plus $36 million in debt, invested in personal finance portal NerdWallet. And with a little less runway, Istanbul-baseed TravelersBox picked up $500,000 for its system to turn excess foreign currency and coins into gift cards.

Two FinovateSpring 2015 presenters landed big rounds:

Credit Sesame raised $16 million to expand its debt-management and credit-tracking platform
Vouch landed $6 million to help put the “first P” back in P2P lending

In total, 14 companies raised $160 million (not counting the undisclosed amount Square raked in to fund more alt-lending to its SMB customers). Here are the deals from 9 May to 15 May by size:

NerdWallet
Personal financial information
HQ: San Francisco, California
Latest round: $100 million Series A ($64 million equity; $36 million credit line)
Total raised: $100 million
Tags: Personal finance, advice, financial education, lead generation, Silicon Valley Bank (lender)
Source: TechCrunch

Credit Sesame
Consumer credit management
HQ: Mountain View, California
Latest round: $16 million
Total raised: $35.4 million
Tags: Finovate alum
Source: Crunchbase

Wave
Online accounting and invoicing
HQ: Toronto, Ontario, Canada
Latest round: $10 million Series C
Total raised: $28.5 million
Tags: Accounting, bookkeeping, accounts payable, accounts receivables, SMB
Source: FT Partners

Exchange Corporation
Online lending (Paidy)
HQ: Tokyo, Japan
Latest round: $8.3 million
Total raised: $11.6 million
Tags: Consumer lending, marketplace, underwriting, risk management
Source: FT Partners

Credifi
Data analytics for commercial real estate
HQ: New York City, New York
Latest round: $8 million Series A
Total raised: $8 million
Tags: Real estate, commercial mortgage lending, big data, investing, risk management
Source: Crunchbase

Vouch
Lending social network
HQ: San Francisco, California
Latest round: $6 million Series A
Total raised: $9 million
Tags: Lending, consumer loans, underwriting, social, P2P, peer-to-peer, Finovate alum
Source: Crunchbase

Vested Finance
Next-gen student financing
HQ: Austin, Texas
Latest round: $5 million
Total raised: $5 million
Tags: Student loans, lending, underwriting, youth market
Source: Crunchbase

Trusted Insight
Institutional investor network
HQ: Middletown, New Jersey
Latest round: $2.5 million Series A
Total raised: million
Tags: Investing, social, institutional investors
Source: FT Partners

Wallflower
Insurance company-backed, internet-of-things company
HQ: Charlestown, Massachusetts
Latest round: $1.5 million
Total raised: $2.8 million (includes $300,000 debt)
Tags: Insurance, iOT, safety, American Family Insurance (partner)
Source: Crunchbase

ShareIn
Equity crowdfunding platform
HQ: Edinburgh, Scotland, United Kingdom
Latest round: $1 million Seed
Total raised: $1 million
Tags: P2P, investing, SMB, peer-to-peer
Source: Crunchbase

Droplet
Mobile payments & rewards
HQ: Birmingham, England, United Kingdom
Latest round: $890,000
Total raised: $2.4 million
Tags: Payments, rewards, mobile, CrowdCube (investment marketplace used to raise round)
Source: Crunchbase

TravelersBox
Solution for collecting left over foreign currency
HQ: Istanbul, Turkey
Latest round: $500,000
Total raised: million
Tags: Cash, currency, gift cards, rewards
Source: FT Partners

Satoshi Citadel Industries
Building bitcoin ecosystem for the Philippines
HQ: Manila, Philippines
Latest round: $100,000 Seed
Total raised: $100,000
Tags: Bitcoin, cryptocurrency
Source: Crunchbase

Square
SMB payments and financing
HQ: San Francisco, California
Latest round: Unknown “non-dilutive” commitment to Square Capital
Total raised: $591 million
Tags: Payments, mobile, acquiring, SMB
Source: VentureWire

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on May 15, 2015
Categories: Acculynk, Ayasdi, Betterment, Cortera, FIS, Forte Payment Systems, IDTheft 911, LearnVest, Market Prophit, Motif Investing, PayPal, Place2Give, ProfitStars, QuantConnect, SimplyTapp, Yodlee

Around the web

Market Prophit unveils its social market sentiment smart beta index.

Silicon India takes a look at Ayasdi’s plans to use the capital raised in its latest $55 million funding.

Financial Advisor IQ highlights Betterment and Motif Investing in its discussion of millennials and machines.

QuantConnect is now integrated with Interactive Brokers.

ProfitStars celebrates surpassing 600 FIs using its Remote Deposit Anywhere technology.

FIS wins Best Core Banking, Best Outsourcing Project honors at Asian Banker Technology Implementation Awards.

TechCrunch: Yodlee’s Joe Polverari writes about LearnVest and its acquisition by Northwestern Mutual.

ABC’s 7 On Your Side quotes IDTheft 911 founder Adam Levin on protecting your driver’s license from identity theft.

Connect Financial Software Solutions to provide real-time, P2P payments courtesy of new partnership with Acculynk.

Cortera announces new releases of eCredit Software.

Zoho partners with Forte Payment Systems to offer electronic payments directly with Zoho Finance apps.

Dexterity Ventures’ Place2Give releases GIVE_api v. 2.0.

Pymnts interviews SimplyTapp president and co-founder Ted Fifelski.

PayPal to be publicly traded on NASDAQ in Q2 2015 with its original stock ticker symbol PYPL.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on May 14, 2015
Categories: Moven, Temenos, Xendpay, Xsolla

On Finovate.com

FinovateSpring 2015 Best of Show Winners Announced

Around the web

Xendpay extends its money-transfer service to Nepal.

Moven and Accenture partner to create digital banking solutions.

Xsolla launches strategic partnership with Secure Trading Financial Services.

Euro Pacific Bank to deploy T24 cloud banking solution from Temenos.

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.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring 2015 Best of Show Winners Announced

By David Penn Posted on May 13, 2015
Categories: Alpha Payments Cloud, Avoka, FinovateSpring 2015, Money Amigo, Moven, NAMU Systems, Shoeboxed, Stratos

Going into this year’s tally of FinovateSpring 2015 ballots, it was anybody’s guess which companies had won the hearts and minds of our attendees and would take home one of our coveted Best of Show awards.

But after two days of great demonstrations of the latest in fintech innovation from companies near and far, the votes are in, and we want to be among the first to congratulate those startups and industry veterans whose technologies wowed our record-setting crowd at the City National Civic in San Jose, Calif., this week.

Congratulations to the Best of Show winners for FinovateSpring 2015, listed in alphabetical order:

Alpha Payments Cloud, for AlphaHub, its omnichannel access platform that helps banks, merchants, MSPs, and ISOs gain access to any solution-provider in the world.

Avoka, for Avoka Transact for Financial Services, which combines social, cloud services, and crowdsourcing into the world’s fastest credit card application.

Money Amigo, for its technology that brings financial services to the underbanked and underserved, delivering traditional banking products in an innovative way.

Moven, for its Moven Financial Health Platform, providing real-time contextualized notifications and interactions that create “gamified money moments.”

NAMU Systems, for its “Joyful Banking” which uses new and intelligent behavior-modeling to focus on customer behavior and digital experiences to create a new standard in mobile banking.

Shoeboxed, for its Receipt Capture for Banks solution, which boosts the functionality of online and mobile banking apps while providing fraud protection.

Stratos, for its dynamic Stratos Bluetooth Connected Card and Digital Card Issuance Platform that analyzes card-usage trends and interactively engages card members.

We hope you enjoyed the show! As always, thanks to everyone who attended and participated in FinovateSpring 2015. We’ll see you next year!

Notes on methodology:

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The seven companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners.

Share this:

Send Post Twitter LinkedIn Facebook

Outski Debuts 401(play) Employee Incentive

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: FinovateSpring 2015, Outski

This post is part of our live coverage of FinovateSpring 2015.

In our final presentation of FinovateSpring 2015, Outski demonstrated how it helps employers incentivize their employees to use their vacation days:

Outski has developed a program called 401(play) that motivates participants to prioritize PLAY in their lives by lifting the barriers to taking great vacations. 401(play) is brought to users through their employer, allowing the allocation of direct deposit dollars to their personal Vacation Savings Account. The Outski platform promotes interactive planning with goal-based savings to help people live happier, healthier, and more enriched lives with a focus on financial responsibility. As a robust planning tool with rich data implications, 401(play) can market numerous financial products in practical and easy-to-understand ways that improve the financial wellness of customers.

Presenters: CEO Greg Nickolson and Ryan Nelson, EVP business development

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), licensed

Metrics: With a staff of 8, Outski has more than 7,000 registered users, and has raised more than $500,000 in seed funding.

HQ: Tucson, Arizona
Founded: October 2013
Website: outski.com
Twitter: @OutskiTravel

Share this:

Send Post Twitter LinkedIn Facebook

CUneXus Demoes Comprehensive PreScreened Lending Platform

By Julie Muhn (@julieschicktanz) Posted on May 13, 2015
Categories: CUneXus, FinovateSpring 2015

This post is part of our live coverage of FinovateSpring 2015.

CUneXus showed off cplXpress:

Our cplXpress platform allows lending institutions to empower their customers with perpetual loan approval across multiple product lines. This unique and timely solution grants consumers ongoing insight into their personal buying power, and immediate access to preapproved loan offers at every touchpoint. No loan application necessary. Our advanced risk assessment and pricing engine generates a highly personalized and targeted menu of offers based on each individual’s unique financial profile, then communicates these offers within the institution’s online banking, mobile banking, branch, call center, direct mail, and email channels. We are demoing a selection of new online and mobile interfaces, as well as unveiling our latest mobile document delivery, e-signature, and point-of-sale lending capabilities.

Presenters: CUneXus’s Dave Buerger, co-founder and CEO, and Darin Chong, co-founder and COO

Product Launch: December 2013

Metrics: Founded by a dynamic group of seasoned ex-bankers, CUneXus is privately funded with headquarters 45 minutes north of San Francisco in beautiful Sonoma County. The company’s cplXpress lending automation platform was launched in 2014 and has generated over $100 million in consumer loans in its first nine months of service, a metric projected to grow exponentially in 2015. CUneXus was recently recognized as one of just ten companies to watch on KPMG’s global report of “The Best Fintech Innovators of 2014” and has been selected to participate in Silicon Valley’s renowned Plug & Play Fintech accelerator program for 2015.

Product distribution strategy: Direct to Business (B2B), licensed, white-label

HQ: Santa Rosa, California
Founded: October 2011
Website: cunexus.com
Twitter: @cunexus

Share this:

Send Post Twitter LinkedIn Facebook