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Finovate Alumni News– February 6, 2013

By Julie Muhn (@julieschicktanz) Posted on February 6, 2013
Categories: Acculynk, Cortera, Experian, Ignite Sales, SocietyOne, SumUp, ValidSoft

Lend Acadamey reports: SocietyOne May Be the Most Innovative P2P Lender on the Planet.

American Banker reports: Experian providing prepaid card service provider Cardplatforms with its global authentication services.

ValidSoft’s Secure Mobile Architecture for Real-time Transactions selected to be an integral element in Spindle’s payment acceptance service.

Cortera’s Pulse is winner of the 2013 SIIA CODiE Award for Best Business Information Solution.

SumUp partners with blue solution software to integrate API into Top Reparatur. See them demo at FinovateEurope next week.

Acculynk‘s PayLeap reaches strategic agreement with Spindle to integrate platforms.

IgniteSales reports 100% revenue growth for 2012.

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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Navigating FinovateEurope 2013: Now There’s an App for That

By Julie Muhn (@julieschicktanz) Posted on February 5, 2013
Categories: FinovateEurope 2013

In order to help you take full advantage of our biggest FinovateEurope show yet, we’ve launched a mobile app available for iPhone, iPad, and Android devices.

Attendees and followers of FinovateEurope 2013 can download the free app, which features:

Full event agenda
Short descriptions of presenting companies
Ability to manage your Finovate schedule with calendar integration

On February 12, the first day of the event, the app will update to unveil full demo information for all 64 presenting companies and allow users to:

Contact presenters with email integration
Search within the app
Take notes and save them with each company’s profile
Quickly register for the upcoming conferences, find Finovate alumni, follow Finovate tweets, and more

It’s available for download in the Apple App Store for iOS devices and the Google Play Store for Android devices. To download, use the QR codes or links below.

Apple App Store

https://itunes.apple.com/us/app/finovate-conference-guide/id570970104

Google Play Store

https://play.google.com/store/apps/details?id=com.bluepane.finovate

If you still haven’t registered for FinovateEurope, there’s still time. Get your ticket here.

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Plastyc Adds Instant Access Fee to Mobile Check Deposit

By David Penn Posted on February 5, 2013
Categories: Plastyc

Pionneering alternatives to traditional banking sine 2006, Plastyc is unveiling a new option that provides quicker access to checks deposited into their prepaid Visa accounts.

Customers using mobile remote deposit will be offered the option of immediate access to the deposited funds for a 1% fee for government or printed payroll checks, or 4% for personal checks. Customers who opt for delayed access, typically five business days, pay no additional charge.

Additionally, Plastyc has increased the maximum deposit amount for checks to $2,500, which the company says is more than that allowed by other mobile deposit systems.

The service is being tested with the company’s mobile app users before being rolled out to the entire card base. The service is powered by Chexar Networks.

Plastyc is one of a handful of Finovate alumni who are participating in the Consumer Financial Protection Bureau’s Project Catalyst, which we featured late last year.

To learn more about Plastyc in action, click here to see their demo from FinovateFall 2011.

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Finovate Alumni News– February 5, 2013

By Julie Muhn (@julieschicktanz) Posted on February 5, 2013
Categories: BillGuard, Billhighway, BrightScope, Cachet Financial Solutions, CashStar, Continuity Control, edo Interactive, Expensify, Figlo, Lendio, SafetyPay, SigFig, Simple, TSYS, Xero

Cachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.

Finextra reports SafetyPay opens up to German-speaking markets.

Lendio reports 2012 growth metrics.

Expensify listed as 1 of 4 apps to helps save and manage your money.

TechFaster interviews BillGuard CMO Mary Anne Keegan.

Business Insider interviews Josh Reich, Simple founder and CEO.

Xero makes Bank Reconciliation available to Android users.

edo Interactive’s new Marketplace platform targets small, local businesses.

Check out Finovate’s infographic of FinovateEurope 2013 innovation themes.

Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.

SigFig-powered USA Today Money Portfolio Tracker launches
in app store.

CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.

Continuity Control partners with Community BancService Corporation.

TSYS technology at work in Visa’s Saral Money program in India.

Rabobank launches Figlo-powered widgets for online banking homepage.

BrightScope ranks top 25 law firms with highest-rated 401(k) plans.

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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Infographic: FinovateEurope 2013 Innovation Themes

By Julie Muhn (@julieschicktanz) Posted on February 4, 2013
Categories: FinovateEurope 2013

At FinovateEurope next week, 64 companies will gather in Old Billingsgate Hall in London to show off their newest fintech innovations to an audience of bankers, VC’s, press, and fellow members of startup communities across the globe.

To give you a better idea of what each company will demo on stage, here’s a word cloud of the main topics. As you can see, there’s a large variety, but it’s no surprise that mobile and payments are well represented.

As we inch closer to what’s shaping up to be Finovate’s largest international show so far, we thought you’d be interested in the geographic and topical distribution of the demoing companies.

While two-thirds of the companies are headquartered in Europe (click on the map to enlarge), there are also 21 companies from other continents. Here are the HQ locations:

Europe (43)
U.S. (14)
Chile (2)
Australia (1)
Canada (1)
India (1)
Israel (1)
South Africa (1)

Interested in seeing these companies demo live? There’s still time to get your ticket to FinovateEurope 2013.

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Three Finovate Alums Selected for Accenture’s FinTech Innovation Lab in London

By Julie Muhn (@julieschicktanz) Posted on February 4, 2013
Categories: BehavioSec, Kiboo, Open Bank Project

FinTech Innovation Lab London, a collaboration between Accenture and London-based FIs, recently selected companies to take part in its inaugural fintech mentoring course. Of the seven* fintech entrepreneurs selected, three are Finovate alums.

Industry executives selected the startups from a large pool of applicants. Finovate alums include:

BehavioSec
Biometric security software, FinovateSpring 2012 Best of Show winner
FinovateSpring 2012 demo

Kiboo
Youth-oriented online financial management platform
FinovateSpring 2011 demo

Open Bank Project
Open source API for banks
Come to FinovateEurope 2013 to watch it demo live

The 12-week course is modelled after FinTech Innovation Lab in New York, which we covered late last year. The inaugural course in London will take place at Level39, where the startups will attend a series of panel discussions, workshops, leadership coaching and networking opportunities from mentoring financial institutions.

Some of the supporting institutions include:

Barclays
Credit Suisse
Deutsche Bank
HSBC
Lloyds Banking Group
UK national payments infrastructure provider

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The other five fintech companies include Calltrunk, Digital Shadows, Growth Intelligence, and Waratek.

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edo Interactive’s New Marketplace Platform Targets Small, Local Businesses

By Julie Muhn (@julieschicktanz) Posted on February 4, 2013
Categories: edo Interactive

Last week card-linked rewards startup, edo Interactive launched the edo Marketplace, a service that enables small, local businesses to take advantage of its rewards program.

Prior to this move, edo’s platform was tailored to larger merchants. Big-name companies such as Crate & Barrel, Home Depot, Nordstrom, Subway, and Target are a part of the 200 companies that already use the edo platform to find new customers and encourage repeat customers.

Edo counts over 150 financial institutions as partners, including Fifth Third and Ally Bank.

As a part of its coverage, TechCrunch reported some of edo’s growth metrics:

“Edo says its active card network is currently growing at 30 percent per month, and that within the next three months, it will extend 1 billion card-linked offers to consumers. Painting a picture of acceleration, the company says it took edo 4 years to reach that same level, previously.”

To learn more about edo, watch its FinovateSpring 2012 demo.

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Mobile Monday: Square Wallet Enables On-the-Fly Tips & You Can Change Your Mind Later

By Jim Bruene Posted on February 4, 2013
Categories: Mobile Payments, Square

Since much of my week revolves around reading and writing in various coffee shops around Seattle, I make sure to tip the barista so they don’t get annoyed with me using their wifi for an hour or two.

Tipping is very easy when paying with cash. You can easily drop the change in the jar. But with cards it gets trickier. With old-school signature system (i.e. mag stripe), it’s a little more time consuming, adding a tip amount and total, but still easy enough.

But with the move to contactless, no-signature below the floor (e.g. Starbucks) and many EMV transactions, the only way to leave a tip is to dig cash out of your pocket. But that kind of defeats the convenience of contactless.

Maybe since it got it’s start as a POS device for small merchants, Square’s payment app, Wallet, had tipping built into it from the get go. As soon as the your wallet “pay by name” transaction is authorized, a message pops up on the iPhone lock screen, offering the opportunity to tip (see inset above).

Swiping the message brings up the transaction within Square Wallet, where you can choose your tip amount. The merchant can specify tip preferences by dollar amount or as a percentage of the transaction. The coffee shop I visited this morning offered $1, $2 and $3 choices for the tip. Those seem a little on the high side for a business with a $4 average ticket. Unfortunately, there is no way to override the choices and choose a different amount.

The app even allows you to go and edit the tip (see below). I’m not sure how long the “edit window” lasts, but you can certainly change it while you are waiting for your order.

Bottom line: The mobile wallet era will usher in a number of new payment behaviors. Tipping is just the tip of the iceberg.

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Square Wallet tipping function (1 Feb 2013)

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Finovate Alumni News– February 4, 2013

By David Penn Posted on February 4, 2013
Categories: eToro, Flint Mobile, Heckyl Technologies, Jingit, Linkable Networks, Stocktwits, TransferWise, Virtual Piggy, Xero

The Economist highlights TransferWise. See them demo at FinovateEurope next week.

Strategic Shopping blog, November Sunflower, features Jingit.

Top Technology News takes a look at the Flint mobile payment system.

Linkable Networks now offers deals at Lunds and Byerly’s Minnesota Grocery stores.

Virtual Piggy opens London office. Come watch its live demo at FinovateEurope next week.

Xero’s Report Packs go live for Australian partners.

Bloomberg looks at how StockTwits is adjusting to Twitter changes.

eToro updates Trader for iOS to allow for native and social registration.

SMC Securities, Global Capital to integrate Heckyl Technologies platform. See them demo next week at FinovateEurope.

Finovate Alumni abound in Payment Source’s list of 11 major mergers in payments technology.

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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ACI Worldwide Buys Online Resources, FIS Scoops Up mFoundry

By David Penn Posted on February 1, 2013
Categories: ACI Worldwide, FIS, mFoundry, Online Resources

It was a big day for Finovate alumni. ACI Worldwide and FIS, themselves both Finovate alums, rang the register on a couple of smaller fintech companies they hope will make them even bigger players in the online banking and payments world.

Online Resources Bought by ACI Worldwide

In an all-cash deal worth $260 million, the purchase of Online Resources will help ACI Worldwide bring broader online banking and full-service bill payment options to its network of financial institutions.

The deal is also expected to increase the company’s customer base, with 1,000 banks, billers and other FIs coming along with Online Resources into the ACI Worldwide fold.

A look at the numbers:

Online Resources provides services to more than 1,000 FIs and billers
It processes more than 240 million bill payment transactions each year
It connects more than 9,000 billers
The combined entity anticipates cost synergies (i.e., saving in operating expenses) of more than $19 million.
Common shareholders will receive $3.85 per share, an 83% premium over yesterday’s closing price

FIS Purchases mFoundry

FIS’s decision to buy the 78% of mFoundry that it did not already known is seen as an opportunity for the company to assert itself in the mobile arena, while expanding its customer base in the process.

FIS already has a sizable footprint when it comes to banking and payments technology. And in bringing mFoundry fully on board, the company has helped fuel optimism about the prospects for greater innovation and “convergence” among the various players within the industry.

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Finovate Alumni News– February 1, 2013

By Julie Muhn (@julieschicktanz) Posted on February 1, 2013
Categories: ACI Worldwide, BankersLab, Bazaarvoice, CurrencyFair, eDeposit, Locaid, PayTap, Ping Identity, Taulia

Dallas Business Journal reports PayTap helps split bills among friends, family.

Taulia to provide e-invoicing and supplier self-services to real estate market.

Ping Identity announces annual bookings grew more than 50% for the third consecutive year, cites other growth metrics.

Locaid to provide geofencing, location authentication for GTECH.

Nationwide shares pointers on how to use eDeposit.

ACI Worldwide announces winners of its 2013 Excellence Award.

Bazaarvoice to help UK furniture retailer Harveys execute social media strategy.

CurrencyFair wins “Start up of the Year” in The Next Web’s Irish Startup Awards competition. See them demo at FinovateEurope in London!

In this Forbes piece, BankersLab CEO and Co-Founder Michelle Katics gives a crash course on what it’s like to take a startup global.

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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A Who’s What Preview of FinovateEurope 2013

By David Penn Posted on January 31, 2013
Categories: FinovateEurope 2013

With FinovateEurope right around the corner, anticipation is building for what will be our biggest event in Europe yet!

To give you yet another taste of what this year’s event has to offer, we’ve put together a word cloud of all the titles of the registered attendees.

And here’s a sample of some of the organizations that will be attending this year’s FinovateEurope event.

ABN Amro
Accenture
AIB
Aktif Investment Bank
Alfa-Bank
Alior Bank
Allianz
Anthemis Group
Balderton Capital
Bank Hapoalim
Bank of Ireland UK
Bank Respublika
Barclays
BBVA
BNP Paribas Retail Banking
BRE BANK SA
CaixaBank
Capgemini
Capital One
Celent
Commerzbank AG
Cortal Consors
DAB bank AG
Datamonitor
eMarketer
Ernst & Young
Fidelity Investments
Financial Times
FINANSBANK
Frumtak Investment
GSB Ventures
IBM

IDC Financial Insights
ING
Jack Henry & Associates
JSC Probusiness bank
KPMG
Liberty Bank
Lloyds Banking Group
MasterCard
Microsoft
Old Mutual Plc
Ovum
PayPal
PostFinance
Rabobank
RBS
Ribbit Capital
Russian Standard Bank
Sberbank Russia
Scottish Life
SKAGEN
Skandiabanken
SpareBank 1
Sunstone Capital
Swedbank
SWIFT
Thomson Reuters
Troika Venture Capital
UBS AG
Unicredit
Visa Europe

If you’d like to join us, get your ticket today and be a part of FinovateEurope.

If you have any questions about the event, check out our FAQ or e-mail us at info@finovate.com. We’re looking forward to seeing you in London in February!

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