Finovate Alumni News– December 11, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Cachet Financial Solutions, Doxo, Lending Club, NICE Systems, SAGE SA, TSYS
DMG Consulting ranks NICE as the speech analytics market share leader for the fifth consecutive year, and as the contact center WFO market share leader for the first half of 2013.Cachet Financial Solutions partners with YellowPepper to bring mobile deposit technology to Latin American Marketplace Midway Sewer District launches on doxo; more than 8% of customers go paperless in the first 90 days.See BehavioSec's Best of Show winning demo from FinovateAsia 2013.Pymnts.com talks with Jonathan Hancock of TSYS on curbing card-not-present fraud.Sage adds daily spending limits, funding rules to their Business Prepaid Visa Card mobile app.American Banker reports: Lending Club Targets Small Banks with Personal-Loan Push http://bit.ly/19CcyQqThis 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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FinovateAsia 2013 Best of Show: BehavioSec

By David Penn Posted on
Categories: BehavioSec, FinovateAsia 2013
Best of Show: BehavioSec"Nice! BehavioSec is the most interesting bit of fintech so far today, but the day is still young! #finovateasia"--Paul A. Chapman via Twitter (@pchap10k)In winning Best of Show for a second time (the first was at FinovateSpring 2012 in San Francisco), Neil Costigan's BehavioSec revealed that it has plenty to show - and tell.As a specialist in the field of biometric authentication, BehavioSec has leveraged its "continuously authenticating" algorithms to provide security solutions for e-merchants and mobile commerce.And as a crowd-pleasing presentation of security technology, BehavioSec's keystroke and gesture pattern-based authentication demonstrates just enough of the "wow" factor to make audiences feel they are seeing tomorrow's technology today.To see the video of BehavioSec's Best of Show winning demo, click here.Why They Won:Removes friction from the end user's experienceUses biometrics in a practical way that doesn't require expensive, additional hardwareAdds a layer of security that transcends beyond the traditional…

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Flint Raises $2 Million from Verizon Investments

By David Penn Posted on
Categories: Flint Mobile
Add another $2 million in funding for mobile payments startup, Flint Mobile.The company said on Tuesday that Verizon Investments was contributing to Flint's Series B round of funding. The additional capital from Verizon Communication's investment division boosts Flint's total funding for this round to $8 million.Flint also announced integration with Apple's Passbook. According to Flint CEO Greg Goldfarb, the idea is to "enable little businesses that don't have a lot of technology resources and no cash register to act with the efficiencies of bigger businesses." The Passbook integration will allow coupons and offers to be added to digital receipts, which can be sent via email or stored in Passbook. Users will also be able to manage payments, send invoices, and receive payments online.Flint offers iOS and Android compatible mobile payments systems that requires no additional hardware or card reader. The technology makes it easier for smaller and nontraditional businesses to…

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Finovate Alumni News– December 10, 2013

By David Penn Posted on
Categories: Capital Access Network, Compass Plus, EyeVerify, Flint Mobile, Jemstep, Manilla, Mint.com, Motif Investing, NICE Systems, planwise, SigFig, Wealthfront
Capital Access Network changes its name to CAN Capital.Compass Plus survey reflects declining support for NFC amid growing popularity of mobile channel.CFA Institute's Inside Investing takes a look at Motif Investing and "the secret revolution in finance."Gartner places NICE in leaders quadrant of the 2013 Magic Quadrant for Contact Center Workforce Optimization.Wealthfront announces new ability to harvest losses on stocks that comprise an index.Fast Company features EyeVerify.Flint Mobile raises $2 million from Verizon Investments.Mint, Manilla, SigFig, Jemstep and Planwise featured in Kiplinger's list of smart online tools to manage finances.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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Innovations at FinovateEurope 2014: Part 1

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014
Last week we revealed 54 of the 64 FinovateEurope 2014 demo companies that will show off their innovations on stage in London. Below, we've described each company in more detail. Get your ticket here to be a part of the crowd on February 11 and 12. Here are the descriptions of the first half of the demoing companies (in alphabetical order): AdviceGames is world's leading digital advice company, launching the first scientifically developed omni-channel advice services platform globally. AnalytixInsight's CapitalCube algorithmically analyzes market and company data to produce research on 45,000 companies and 1500 ETFs. Atsora is disrupting the e-banking experience for small and medium businesses. Arxan provides 'Gold standard' Mobile Application Security. Deploy applications with tamper-resistance to innovate with confidence. Avoka: In the future, every transaction will be digital. Avoka Transact delivers the future today. Backbase announces complete mobile enrollment application for financial services. BehavioSec allows you to add…

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Emida Recruits David Kirtman as New CEO

By Julie Muhn (@julieschicktanz) Posted on
Categories: Emida
Global prepaid solutions company, Emida, has recently added new talent to its team. It announced today that David Kirtman (LinkedIn) will join the company as its new CEO.Kirtman brings years of stored value and payments experience to the California-based company. Prior to joining Emida, David worked for iSend where he helped build the company's in-kind international payments business.Shane Belovsky, who was serving as interim CEO, will continue with Emida as COO.Emida debuted its Cash and Transact service at FinovateFall 2012.

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Finovate Alumni News– December 9, 2013

By David Penn Posted on
Categories: Azimo, Comarch, DeviceFidelity, Fiserv, GMC Software Technology, HelloWallet, NICE Systems, Realty Mogul
Azimo CEO Michael Kent talks about his company's partnership with The Currency Cloud.Realty Mogul named one of the 18 best startups of 2013 by Business Insider.Bob's Guide looks at Comarch survey to determine SMB satisfaction with business banking.American Banker reports: Fiserv Releases Financial Crime Risk Platform.1to1 media features insights on customer service innovation from NICE Systems and GMC Software Technology.Business Standard reviews Hello Wallet's smartphone app.NFC chip from DeviceFidelity earns commendation in this Forbes column on mobile banking.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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Finovate Alumni News– December 6, 2013

By David Penn Posted on
Categories: Betterment, Cartera Commerce, Comarch, FutureAdvisor, Jemstep, LearnVest, Moven, ThreatMetrix, TransferWise, Wealthfront
Money Under 30 reviews the Moven app.Bloomberg BusinessWeek takes a look at Comarch's report on banking in London's "Tech City".Taavet Hinrikus, co-founder of TransferWise, weighs in on the state of the UK's financial technology industry.ThreatMetrix protected 1 in 4 U.S. e-commerce transactions on Black Friday and Cyber Monday.Cartera Commerce launches American Airlines' Mobile AAdvantage shopping site.The Guardian profiles "robo-advisors" Betterment, LearnVest, FutureAdvisor, Wealthfront, and Jemstep.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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Email Design: Discover Card’s “Statement Available” Message

By Jim Bruene Posted on
Categories: Alerts & Messaging, Discover Card, Electronic Statements, Email Samples
There are a number of financial startups and trail-blazing FIs bringing modern user interfaces to banking. We see dozens of great examples at every Finovate (note 1). And we expect a slew of remodels in the new year as responsive design and other techniques take hold. But I continue to call out Discover's design work (previous posts). Partly because I have an account there and see it often and partly because it's instructive to see how a large full-service bank handles design tradeoffs. Yesterday's email from DIscover, reminding me that my monthly statement was ready, shows how the card giant marries good design with useful information. Most statement alerts are simple one liners asking the user to do all the work: login, find the right tab, click on the correct button, and so on. Discover, on the other hand, positions key summary information right within the body of the email…

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Lending Club Tops $3 Billion Mark for Personal Loans Originated

By David Penn Posted on
Categories: Lending Club
When Lending Club demoed at Finovate Startup in 2009, the company boasted $35 million in personal loans originated.This morning, we learn that Lending Club has reached $3 billion in personal loans originated, with $2 billion of that amount generated in 2013 alone.With 225,000 loans in 44 states, Lending Club continues to leverage its lending technology to put borrowers and lenders together in a way that saves money compared to the kind of lending that characterizes traditional banking. Lending Club CEO Renaud Laplanche said, "it is gratifying to see how many people we've been able to help achieve their goals this year, from consolidating debt to paying off credit cards to completing home improvement projects."Lending Club's technology matches creditworthy potential borrowers with lenders looking for returns. Rates available for borrowers are typically better than credit card rates, and lenders benefit from putting their capital to work earning solid returns and generating…

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Kabbage Adds Square Transactional Data to its Credit Decisioning Process

By David Penn Posted on
Categories: Kabbage
Kabbage is the latest company to decide that it really is hip to be Square, after all.The SME online lender announced that it will now use transactional data from companies that use Square to process payments as a tool for helping allocate capital and make loans.The use of Square data for underwriting purposes is novel, according to Kabbage. Company co-founder and CEO Rob Frohwein credits the platform's "flexibility and power" in describing Kabbage's ability to "leverage the broadest range of business data sources ... to (make) funding simple and accessible to small business everywhere."Kabbage is a pioneer in the field of online small business lending. The Atlanta-based company specializes in analyzing data from actual business activity, from shipping data and seller channels to social media. This enables the lender to know more about their potential borrower than is often discovered using traditional credit modeling methods. A partnership with Intuit provides…

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Finovate Alumni News– December 5, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Better ATM Services, Dwolla, Expensify, Fiserv, Intuit, TSYS
Dwolla announces partnership with Fiverr by giving away free Fiverr gigs.FinovateEurope 2014 Presenting Companies Revealed.Intuit to Acquire Docstoc, Small Business Document Startup.Expensify modernizes its UI.Better ATM Services rolls out reseller network and announces first agreement with Express Teller Services.TSYS earns spot on the National Conference on Citizenship's The Civic 50.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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