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FinovateFall 2013: “And Oh What Heights We’ll Hit”

By David Penn Posted on September 9, 2013
Categories: FinovateFall 2013

"On with the show, this is it!"

We're busier than a hive of honeybees here on rehearsal day as we put the final touches on FinovateFall 2013. The show begins Tuesday morning, September 10th at 9:00 am, and continues through Wednesday. This year's event is sold out, but fortunately there's more than one way to enjoy the show.

Live blogging and tweeting The Finovate team will be live-blogging each and every presentation as it happens here at the Manhattan Center in New York City. You can also follow us on Twitter as we'll be tweeting from @Finovate all day long Tuesday and Wednesday. You'll also get to read observations and reactions from our audience of more than 1,100 people who will be joining the conversation via the #finovate hashtag. Schedule If you're going to be with us tomorrow, know that registration begins at 8:00 am on both Tuesday and…

Finovate Alumni News– September 6, 2013

By Julie Muhn (@julieschicktanz) Posted on September 6, 2013
Categories: Braintree, Doxo, Fiserv, Geezeo, MoneyDesktop, Narrative Science, PayPal, Yodlee

Fiserv launches Predictive Scores tool that models customer behavior. Come see Fiserv at FinovateFall next week. First Federal Savings Bank implements PFM through MoneyDesktop. Check out MoneyDesktop's new solution at FinovateFall in NYC. PayPal Updates iOS And Android Apps With The Ability To Order Ahead, Pay Restaurant Bills, Access Bill Me Later And More. Woodinville Water District Achieves Significant Increase in Paperless Water Bills in the First 90 Days of doxo Implementation. Members Choice CU To Offer PFM Powered By Geezeo. Braintree adds new layer of fraud protection for merchants. Finovate alumni driving growth in online investment advisory industry. VentureBeat takes a look at Yodlee Interactive. Forbes features article on Narrative Science's
Quill. Come see them at FinovateFall next week.

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…

Think You’re Prepared for FinovateFall Next Week? Download the Upgraded Finovate App to Be Your Guide

By Julie Muhn (@julieschicktanz) Posted on September 5, 2013
Categories: FinovateFall 2013

To help you prepare for FinovateFall in New York on September 10 and 11, download the new Fall edition of the Finovate app, now available in the Apple app store and Google Play store.

To download, search "Finovate" in the app store or use the links below:

iOS Android

With this improved version, you'll have all the information about FinovateFall at your fingertips on your iPhone, Android, or tablet device.

If you've previously downloaded the app on your mobile device, be sure to update to the new version prior to the conference.

Features include:

Full agenda Link to Finovate Connect networking tool Presenting company descriptions & contact info Company categories

New interactive elements include:

My Finovate: Save personalized notes & ratings for each company and email them as a Trip Report Contact button: Ask questions and schedule followups with presenters Scheduler: Manage your conference schedule Register for upcoming conferences, find…

Finovate Alumni Driving Growth in Online Investment Advisory Industry

By David Penn Posted on September 5, 2013
Categories: Betterment, FutureAdvisor, Jemstep, LearnVest, Personal Capital, SigFig, Wealthfront

If an investment portfolio gets optimized through an online investment advisor, do brick and mortar brokers make a sound?

As noted in today's Wall Street Journal, many of the kinds of services that once were accessible only by high net worth investors patronizing financial advisors and planners in person are now available to the rest of us. This includes everything from using computer algorithms to make investment decisions to automatic portfolio rebalancing and asset allocation.

And of the seven companies highlighted in the column for helping make this possible, every single one is a Finovate alum. Wealthfront (FinovateStartup 2009) Personal Capital (FinovateFall 2012) Jemstep (FinovateSpring 2013) FutureAdvisor (FinovateSpring 2012) Betterment (FinovateFall 2011) SigFig (FinovateFall 2011) LearnVest (FinovateFall 2012) In fact, two of the seven - FutureAdvisor and LearnVest - will be demoing their latest technology…

Finovate Alumni News– September 5, 2013

By Julie Muhn (@julieschicktanz) Posted on September 5, 2013
Categories: Betterment, Float Money, FutureAdvisor, Jemstep, LearnVest, MiiCard, Personal Capital, Ping Identity, Q2ebanking, Wealthfront, Wipit, Xero

The Austin business Journal ranks Q2ebanking #29 of Austin-based Largest Private Companies. City National partners with cloud accounting platform Xero. Forrester Research names Ping Identity a leader in Identity and Access Management Suites, Q3 2013 report. Allre and miiCard partner for First Complete Platform to Sell a Home Purely Online. Wipit-powered Boost Mobile Wallet to provide Quick Check Service. WSJ column takes a look at online investment advisors like Wealthfront, Personal Capital, Jemstep, and FutureAdvisor that use algorithms. Meet FutureAdvisor at FinovateFall in New York. Float Money partners with credit reporting agency eCredable to offer consumers interest-free loans. See Float Money at FinovateFall in New York next week. Finovate alums Betterment and LearnVest highlighted in Wall Street Journal column on innovations in the online investment advisory business. Watch LearnVest demo their technology next week at FinovateFall. This post will be updated throughout the day…

Launching: Zazma Offers Drop-Dead Simple Short-term Business Credit

By Jim Bruene Posted on September 4, 2013
Categories: Loans & Credit, Small Business

To continue our look at outstanding lending UI's (previous post), I present to you Zazma. The startup, which came out of stealth yesterday, has raised $10 million to finance small loans of $300 to $5,000 for up to 60 days. The initial funding came from Sequoia and Spark Capital.

This is a business that almost no bank wants, which makes it ripe for startups. But it can be lucrative. Because the business borrowers are using the money to buy needed equipment or inventory, they are much less focused on the interest rate, if they believe the cash advanced will earn them a profit. It's the secret sauce of successful startups Kabbage, Capital Access Network and On Deck Capital (note 1).

As you can see from the screenshot below, the maximum loan, $5,000 for 60 days, earns Zazma a healthy $295 fee. Assuming it's…

FinovateFall 2013: Big Lights, Big City, Big Show

By David Penn Posted on September 4, 2013
Categories: FinovateFall 2013

Next week fintech startups and established enterprises from across the country and the world will begin arriving at the financial capital of the world New York City, New York to take part in FinovateFall 2013.

Take a look for yourself (click to enlarge):

FinovateFall 2013 is a great opportunity to meet the entrepreneurs and executives from some of the most forward-looking startups and established companies in the industry. We still see typically strong representation from the fintech of the coasts. But we also see a number of companies from the Midwest, the South, and from overseas, all stepping forward to meet the challenges of helping people and businesses make, manage, and move their money, 24/7, 365 days a year.

Selling our 1,100th ticket this morning, FinovateFall 2013 is officially sold out. But there are plenty of ways for you to catch all the action next week as our fintech innovators…

Check Secures $24 Million Financing Round

By David Penn Posted on September 4, 2013
Categories: Check

Check announced this morning that it had completed a Series C investment round that will boost the company's capital by $24 million.

This funding round was led by new investor Menlo Ventures, and included participation from current investors Morgenthaler Ventures and Pitango Venture Capital.

Check will put the capital to good use helping expand the business and grow the company's role in making it easier for consumers to track, manage, and pay their bills. Said Check CEO, Guy Goldstein, "Americans make $4 trillion worth of bill payments per year, and Check is transforming the bill payment industry with a simple, fast, and easy-to-use mobile app."

In addition to the funding, Check will also gain a pair of new board members. Doug Carlisle of Menlo Ventures will be joining the company's board of directors, as will founder and former CEO of CompuCom, Avery More. This latest round puts Check's total venture…

Capital Access Network Names Former GE Capital Executive, Shiladitya Ray, New CFO

By Julie Muhn (@julieschicktanz) Posted on September 4, 2013
Categories: Capital Access Network

Capital Access Network, a platform that provides working capital to small businesses, announced the addition of a new CFO, Shiladitya ("Shila") Ray.

Ray is the former CFO of Global Operations for GE Capital Americas. According to his LinkedIn profile, Ray is a:

"Strategic Finance leader with global experience in leading finance and business operations. Served as CFO for multiple businesses with 15+ years of executive leadership and experience in global organizations."

In his new position, Ray will help develop long-range growth strategies.

Capital Access Network's former CFO, Daniel DeMeo, is now its Chief Executive Officer.

In May of this year, Capital Access Network provided U.S.-based small businesses access to $66 million. In the month of July it provided access to more than $74 million.

To learn more about Capital Access Network, come see its live demo in New York at FinovateFall next week. Or, watch its FinovateEurope 2011…

Finovate Alumni News– September 4, 2013

By Julie Muhn (@julieschicktanz) Posted on September 4, 2013
Categories: Cardlytics, Check, Credit Sesame, Kabbage, Manilla, Mint.com, Monitise, TSYS

American Banker reports: Cardlytics Announces First U.K. Bank Customer. Come watch Cardlytics' live demo at FinovateFall in NYC next week. IBM partners with Monitise to provide software, technology services and consulting to improve Monitise's core services. NPR's Tell Me More mentions ImpulseSave, Mint, and Manilla as 3 apps to help manage your money. TSYS signs long-term payment processing agreement with Anovia Payments, LLC. Check (formerly Pageonce) secures $24 million in Series C financing round. Information Week highlights Credit Sesame and Kabbage in column on social media and credit worthiness. 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.

FinovateAsia 2013 Presenting Companies Revealed!

By Eric Mattson Posted on September 3, 2013
Categories: Uncategorized

With only 71 days to go until FinovateAsia 2013 in Singapore, we are incredibly excited to be announcing the cutting-edge companies that will be debuting their latest innovations in financial and banking technology.

Like the inaugural event last year, this year's FinovateAsia will showcase over 30 innovations leveraging everything from big data to biometrics, gamification to visual analytics and much more!

The selection process was filled with hard decisions for us this year and only reinforced our belief that Asia is going to be an increasingly major force in fintech innovation in the years to come.

Without further ado, here are the innovative companies that will be demoing their newest technologies in November:

Advanced Merchant Payments ArthaYantra Backbase BehavioSec BellaDati BlueKite Bridgei2i CustomerXPs Software GMC i-exceed IND Group Intuition Intelligence KlickEx Kofax Luminous Mambu Matchi Mistral Mobile Mobexo Mobino Pangea Red Zebra SaaS Markets Serverside SinoLending Smart Engine TIBCO Tootpay…

FinovateAsia 2013 Presenting Companies Revealed!

By Eric Mattson Posted on September 3, 2013
Categories: Uncategorized

Like the inaugural event last year, this year's FinovateAsia will showcase over 30 innovations leveraging everything from big data to biometrics, gamification to visual analytics and much more!

The selection process was filled with hard decisions for us this year and only reinforced our belief that Asia is going to be an increasingly major force in fintech innovation in the years to come.

Without further ado, here are the innovative companies that will be demoing their newest technologies in November: