Moven Wins Investment from Life.SREDA and BillPay from Payveris

By David Penn Posted on
Categories: Moven

A strategic partnership announced by Moven will bring investment capital to the company's mobile money management service, now in beta in the U.S.

The amount of the investment was not disclosed. Nevertheless the capital comes courtesy of Russian venture capital firm, Life.SREDA, which specializes in mobile and online fintech initiatives around the world.

In addition to helping raise Moven's profile in markets in Eastern Europe and Russia, the investment is slated to support early stage development in the company's signature service. News of the company's partnership with Life.SREDA comes just one day after Moven announced a deal with mobile payments company, Payveris. The agreement will bring bill pay and money transfer features to Moven's money mangement platform. New York-based Moven was founded in 2011, and has raised more than $2.5M in seed funding heading into this week's announcement. The company was last on the Finovate stage as part…

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Taulia Raises $18 Million in Series C Round

By David Penn Posted on
Categories: Taulia

A specialist in providing cloud-based invoice, payment, and dynamic discounting solutions, Taulia announced today that it has raised $18 million from investors, including Klaus Hommels of Zurich-based Lakestar.

Also participating were Matrix Partners, Trinity Ventures, TELUS Ventures, and DAG Ventures.

The capital is designed to help further Taulia's global expansion. Founded in 2009 and headquartered in San Francisco, Taulia has offices in North America and Europe and its solutions are currently deployed in more than 99 countries.

Taulia's technology helps purchasing companies become more efficient through automation and discount maximization. At the same time, suppliers benefit from less volatility when it comes to payment. Among the companies using Taulia's e-invoicing, early payments, and financing options are Coca-Cola Bottling, Hallmark, and John Deere. Taulia CEO Bertram Meyer cited tripling demand over the past few months, saying the company is on pace to grow an additional 300% this year. Taulia demoed its…

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Finovate Alumni News– August 23, 2013

By David Penn Posted on
Categories: CommunityLend, Keynote DeviceAnywhere, Moven
CommunityLend announces that the beta version of Financeit iOS app is now available for download. See them demo at FinovateFall in New York next month. Moven forms strategic partnership with Russian venture capital fund Life.SREDA. Keynote goes private as stockholders approve sale to Thoma Bravo. 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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FinovateFall 2013 Sneak Peek: Part 4

By David Penn Posted on
Categories: Akimbo Financial, BizEquity, FinovateFall 2013, Motif Investing, Phony Invoices, RevolutionCredit, SaaS Markets, Unleash, Zighra

There's no better way to get to know the companies that will be on stage at FinovateFall 2013 than our Sneak Peek series. If you've missed an edition or two, click on the links beow to read earlier installments of our preview.

FinovateFall2013 Sneak Peek, Part 1 FinovateFall 2013 Sneak Peek, Part 2 FinovateFall 2013 Sneak Peek, Part 3

This year, FinovateFall will take place on September 10 and 11, at the Manhattan Center in New York. Find out more about the event here.

Today's installment introduces our fourth set of fintech presenters: Akimbo Financial, BizEquity, Motif Investing, Phony Invoices, RevolutionCredit,  SaaS Markets, Unleash, and Zighra.

Want to join us in New York in September? Get your ticket to FinovateFall 2013 here. ____________________________________________________________

Akimbo Financial provides turnkey, white-label, prepaid card programs and develops custom web and mobile solutions for…

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Digital Banking’s Nine Circles of Security

By Jim Bruene Posted on
Categories: Security & Privacy

Yesterday, I was chatting with Jelmer de Jong and Jouk Pleiter from Backbase about their three levels of website security (see note 1). But since I just finished Dan Brown's latest book, Inferno, which uses symbolism from Dante's Inferno, I couldn't resist expanding from three levels to the nine used by Dante Alighieri (circa 1320). 

So with apologies to Dante, I bring you digital banking's Nine Circles of Security. The layers are built around the idea that various digital activities require increasing levels of privacy and security. They start with the least secure info, and go from there.

Level 1
Cookies: Although cookies have a bad rap, they are extremely useful and most users would be quite unhappy if they went away. Use cookies to direct users to their preferred content, e.g. small businesses are shown the Small Biz page first.

Level 2
Social login:…

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Finovate Alumni News– August 22, 2013

By David Penn Posted on
Categories: Allied Payment Network, Arroweye Solutions, FIS, Mint.com, Moven, Narrative Science, PayPal, ProfitStars, Segmint, Yodlee
Forbes Magazine names FIS one of the 100 most innovative companies in the world. BusinessManager from ProfitStars is driving revenue growth and customer acquisition for Great Western Bank. Arroweye Solutions launches data-driven card marketing with CustomerConnect. Ameriana Bank to deploy Picture Pay from Allied Payment Network. Mashable takes a look at PayPal's face-verification system for mobile payments. Yodlee, Moven, and Mint featured in Wired column on the "banks of tomorrow." Narrative Science co-hosts this week's InnovationChat at built in Chicago. See them demo at FinovateFall in September. Segmint CIO David Hadley writes about building a cybersecurity framework today in BAI Banking Strategies. 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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What Themes Will Heat Up the FinovateFall Stage?

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013
This year's FinovateFall conference in New York on September 10 and 11 will showcase 70 fintech companies, all with unique solutions to pressing issues in today's financial space. We did some digging to determine the different types of tech that will be demonstrated live from the stage. Here's what we came up with:

The major themes this fall include mobile, security, small business, PFM, and lending. The social trend seems to be taking on a smaller role than last year, as does marketing. A few observations:  Mobile is not going away any time soon Loyalty/Rewards is making a comeback More innovations in the checking/ ACH space If you're interested in coming to FinovateFall to see these themes and more demonstrated live, get your ticket here. Check out the FAQ or email [email protected] with any questions regarding the event.

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Arroweye Solutions Launches Data-Driven Card Marketing with CustomerConnect

By David Penn Posted on
Categories: Arroweye Solutions

New technology from Arroweye Solutions promises to make it easier to build personalized card marketing campaigns.

CustomerConnect, launched today, allows card issuers to leverage Arroweye's digital, on-demand technology and the sizable amounts of customer information at their fingertips to put the right, tailored, marketing message in front of the right customer.

The goal is to increase customer acquisition and retention through customization and personalization. And the primary obstacle to this, according to Arroweye CEO Render Dahiya, is simple "know-how." Said Dahiya, "most card issuers ... don't possess the right technology or partner to help them harness (their) information for the betterment of their card program." "Now they can leverage the same customization tools to create hyper-targeted marketing campaigns that are proven to break through the clutter." Arroweye's technology has been used to power a variety of programs in recent months. This includes providing the first, dual-purpose payment municipal/ID…

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Finovate Alumni News– August 21, 2013

By David Penn Posted on
Categories: Arroweye Solutions, Cardlytics, FinovateFall 2013, Fiserv, Manilla, MasterCard, Phony Invoices, SecureKey
What Themes Will Heat Up the FinovateFall Stage? Cardlytics announces patent on offer placement and management systems. MasterPass gains traction as 16 payment service providers in Australia agree to provide MasterCard's digital payment option for business customers. Arroweye Solutions launches CustomerConnect, a data-driven, card marketing technology solution. AppEpic reviews Manilla. Jonathan Lee of Phony Invoices talks about invoice fraud at Accounting Today. See them demo at FinovateFall in September. SecureKey Technologies wins contract with USPS to develop Federal Cloud Credential Exchange (FCCX). Fiserv renews technology relationship with Community First Credit Union in Wisconsin. 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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FinovateFall 2013 Sneak Peek: Part 3

By Julie Muhn (@julieschicktanz) Posted on
Categories: Guide Financial, Lumesis, mBank, SpearFysh, TipRanks, Toopher, Versafe

This week, we're bringing you part three of our FinovateFall Sneak Peek series. If you missed the first two installments, check them out:

FinovateFall 2013 Sneak Peek Part 1 FinovateFall 2013 Sneak Peek Part 2

Here are a few more of the 70 companies that will demo their new technology on September 10 and 11 in New York: Guide Financial, Lumesis, mBank & Accenture, SpearFysh, TipRanks, Toopher, and Versafe.

Want to join us in New York in September? Get your ticket to FinovateFall 2013 here. To learn more about FinovateFall, check out the FAQ.

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Guide Financial's Guide is a personal money mentor to mainstream America - providing free, unbiased, and comprehensive guidance for the 55 million Americans lacking access to financial advice. Features: Finds users thousands in savings  Provides step-by-step guides to capture savings  Simplifies complex choices like refinancing and…

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Finovate Alumni News– August 20, 2013

By David Penn Posted on
Categories: FinovateFall 2013, IDology, Interactions, Kabbage, PayPal
FinovateFall 2013 Sneak Peek Part 3 is up. Get to know more about this year's innovators. Interactions chooses Edward Durkin for Chief Financial Officer. See Interactions demo at FinovateFall in New York. Mercury Payment Systems to support PayPal in-store payments thanks to new collaboration. IDology partners with AssureSign as primary authentication solution for advanced identity verification. Kabbage integrates with Stripe to allow businesses that process online payments to apply for financing. 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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Persint, StockSmart Begin Incubation Phase of Yodlee’s NEXT

By David Penn Posted on
Categories: Persint, StockSmart, Yodlee

Finovate alumni Persint (Spring 2013) and StockSmart (Fall 2013) are starting off the week with a bang. Both companies have been selected to participate in Yodlee Interactive's NEXT, a partner lifecycle program for fintech startups and entrepreneurs.

The goal of NEXT is to "promote and accelerate" innovation in the fintech space. The program consists of an initial incubation stage, during which the companies are given free access to Yodlee Interactive's API for six months. Those companies that show "marked traction" will be invited to the second, acceleration stage and, after that, a final cultivation stage. The two latter stages give the startups opportunities to work with industry veterans and Yodlee partners.

Learn more about Yodlee's NEXT program here. Yodlee is a leading financial innovation platform, with more than 600 companies around the world using it to power financial applications and services. Headquartered in Redwood City, Yodlee last appeared on…

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