ACI Worldwide Extends E-Payments Reach with Official Payments Acquisition
The decision to buy Official Payments helps make ACI Worldwide an even bigger player in the field of EBPP (Electronic Bill Presentment and Payment), according to President and CEO Philip Heasley.
Heasley specifically cited Official Payment's loyal user base among federal, state, and local governments, as well as higher education institutions, utilities, and charities in the acquisition announcement. The deal prices Official Payments at $8.35 per share for a total enterprise value of $109 million.
Some additional metrics on Official Payments: More than 3,000 customers More than 100 million end users More than 20 million payments processed each year More than $9 billion in payment volume processed each year ACI Worldwide supports the banking and electronic payment needs of more than 2,600 financial institutions, retailers, and billers. Processing transactions for more than 250 of the world's largest retailers and 18 out of the 20 largest banks, ACI Worldwide facilitates $13…Finovate Alumni News– September 23, 2013
KlickEx Takes Home Top Startup Prize at Swift’s Innotribe Challenge
At Swift's Innotribe last week, a group of startups pitched their latest fintech innovations to a group of banks, VCs, and tech gurus. The 14 companies, who were selected from a pool of 200 applicants, were given 6 minutes each to pitch the audience.
Realty Mogul, P2P Cash, and recently-acquired Good April were among the companies vying for the audience's attention and a $50,000 cash prize.
KlickEx, who will demo at FinovateAsia in November, was selected as the top startup winner. The New Zealand-based company won the top prize for its regulated clearing house for banks and retailers.
To see KlickEx demo live in Singapore, grab your ticket to FinovateAsia here.
FinovateFall 2013: A Tale in Tweets
From outright praise to clever snark, Twitter let the many voices of Finovate bloom last week in New York for FinovateFall 2013.
And as you'll see below, our Live Twitter feed allows you to live vicariously through the wit of some of our more vocal and enthusiastic attendees. Read 'em for yourself. And if you'd like to actually see what every one is tweeting about, visit our FinovateFall 2013 demo video page here.Finovate Alumni News– September 20, 2013
What to Expect at FinovateAsia this November
You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.
Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.
Advanced Merchant Payments' innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses
ArthaYantra provides personal financial advice online to everyone irrespective of what they earn
Backbase brings social media to the bank, and the bank to social media
BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication
BellaDati is the agile business data analysis with human touch
BlueKite's international bill payment service improves an immigrants' ability to care for family back home
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The Videos Have Landed: FinovateFall 2013 Demos are Now Available
If you've been looking for a way to relive our biggest FinovateFall yet - or just to share fond fintech memories with a friend or colleague - then the moment you've been waiting for has arrived.
Click here to access videos of every one of the 69 companies that helped make FinovateFall 2013 such a success.
From Akimbo Financial to Zooz and everyone in between, you'll find the newcomers, the veterans, the Best of Show winners and more, live in action, in our demo video section. Curious about new Finovate alum and Best of Show winner Motif Investing's presentation? Wondering what Versafe did to catch F5 Networks' eye? Thinking it's about time you finally got around to hearing and seeing what all those tweets about Toopher's presentation were about? The FinovateFall 2013 demo video page is where you'll find all that and more. Click here to get started.Finovate Alumni News– September 19, 2013
Finovate Alumni News– September 18, 2013
Simple Revamps Homepage
Sometime in the past few days, Simple swapped out its homepage for one befitting its name. A Google-esque white-on-white beauty that lets visitors do only two things (above the fold):
Request an invite by entering your email Watch a 2-min video showcasing its platform (with great use case of saving/spending on new dog)The record-low eleven words of copy focus on the basics:
No monthly fees No min balanceBelow the fold, prospective customers can gather more info as the homepage unfolds with more features an and benefits (see third screenshot).
Interestingly, if you've been to the site previously (as determined with cookies), you get a more stylized page promoting goal-based savings rather than the no-fee mantra (see second screenshot).
Bottom line: From a UI perspective, Simple is the Apple of banking, and its worth looking at how they pull off a very hip look online. This…
FinovateFall 2013 Best of Show Winners
In case you don't follow our Finovate blog, I thought I should post the audience favorites from last week's seventh annual Finovate in New York City. After an intense two days with 69 demos, the audience voted for their favorites. The top eight were named Best of Show (in alphabetical order):
Interactions voice-based virtual assistant technology
LearnVest iPad app and Workplace Solutions Center
mBank & Accenture Bank 3.0 online platform
Mitek Mobile Photo Account Opening solution
MoneyDesktop GuideMe solution
Motif platform that lets you invest in ideas in one click
TipRanks cloud-based accountability engine for investors
Yodlee TANDEM system to help groups manage and discuss shared finances
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Full-length video of every demo will be posted on Finovate.com in a few weeks.
A huge thank you to everyone who joined the audience and participated in our largest New…