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InComm partners with Utah Transit Authority to launch FAREPAY Card.Payments News: PayPal grows revenues 19%, adds 5 million registered users.
We’ve just published our latest report, Finovate Quarterly: Q3 2013. It focuses on the latest fintech developments, especially those at FinovateFall, with full profiles of our eight Best of Show winners.
The report highlights the important funding, milestones, metrics and product launches during the past three months. In addition, there is a section on new banking business models for the next 10 years and beyond.
The Finovate Quarterly is complimentary for our Online Banking Report subscribers and is automatically delivered to them via mail. Anyone else can purchase here.
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About the report
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Finovate Quarterly (link)
Highlights of Q3 2013, including a look at the best new products from FinovateFallAuthor: Julie Schicktanz & David Penn, Finovate Group Research Analysts
Editor: Jim Bruene, Finovate Group FounderPublished: 14 October 2013
Length: 76 pages; 16,000 words
Cost: No extra charge to OBR subscribers, US$195 for others here
The printed version will be mailed to subscribers this week.
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New Xero Touch for iOS launches today.
On November 14, Finovate will return to Singapore for FinovateAsia 2013. 37 companies will demo live on stage. This initial installment of our Sneak Peek series is your first opportunity to get to know a little more about this year’s presenters. We’ll cover the remaining companies during the next two weeks.
PayPal partners with Revel systems for its physical POS device.
Xero, a New Zealand-based company that creates cloud-based accounting software, has experienced a large growth spurt lately. Earlier this month, it officially launched in the U.S. and today it announced the largest installment of equity funding we’ve seen for a Finovate alum thus far.
The $150 million (NZ $180 million) in funding comes from a range of investors and existing shareholders. When combined with last year’s $49 million from Peter Thiel and Matrix Partners, and other previous rounds, the company’s total funding amounts to $230 million.
In the video below, CEO Rod Drury explains the funding and how it plans to use the cash.
Xero demoed at FinovateSpring 2011 where it debuted its Business Identification product.
Forbes column on banking and mobile payments highlights Finovate alumni Check, Fiserv, and FIS.Technology Banker takes a look at Arroweye Solution’s EMV On-Demand solution.
With a new round of fintech innovators less than a month away from taking the Finovate stage in Singapore, it’s a great time to review last year’s breakout performers.
Who were the winners (as determined by audience vote)? What did they present? And most importantly, what have they been up to in the weeks and months since?
To answer those questions and more, here’s a look at what’s new and notable from the Best of Show winners of FinovateAsia 2012.
Consider Clover’s relationship with First Data consummated.
As reported in TechCrunch, Gigaom and elsewhere, First Data quietly acquired the ecommerce checkout specialist and FinovateSpring 2012 alum last year. And yesterday at Money 2020, First Data CEO Frank Bisignano announced the launch of their Clover-inspired solution for small businesses: Clover Station.
Clover Station is a cloud-based, point-of-sale and business management solution. What makes the solution special is that it provides the full point of sale terminal functionality of traditional POS units (the ability to track employees and inventory, for example). But at the same time, the merchants will be able to customize the technology by either downloading task-specific apps, or developing apps of their own through Clover’s API.
Backbase on Track to Expand into UK Market.