Finovate Alumni News


  • “Digital Asset Holdings Acquires Blockchain-as-a-Service Innovator,

Around the web

  • Let’s Talk Payments interviews John Dancu, IDology CEO.
  • AlphaPoint unveils StreamCore to help banks take advantage of blockchain data.
  • Fastacash partners with Xpress Money to launch XOPO, enabling cross-border money-transfers via social networks and messaging channels.
  • Security solutions from Arxan Technologies now running on more than 500 million devices.
  • RIA Biz highlights MaxMyInterest in feature on the NAPFA Fall Conference.
  • ETFdb interviews CEO Maz Jadallah of AlphaClone.
  • Martin Beaulieu, former BlackRock managing director, joins BrightScope as adviser.
  • CurrencyFair expansion to bring 50 new jobs to Dublin, Ireland, over the next year.
  • acquires Fountain, a startup launched by Mint founder, Aaron Patzer.
  • Chinese smartphone maker Nubia unveils phone with EyeVerify authentication 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.

Finovate Alumni News


  • Klarna Hires former American Express Exec as New CCO
  • Knox Payments Offers Free, Premium Options and Easier API Integration
  • Finovate Debuts: A Look at Stratos’ Digital Card Issuance Platform

Around the web

  • looks at the launch of MasterCard’s MasterPass in Belgium.
  • Benzinga’s Jim Probasco interviews AlphaClone CEO Maz Jadallah on “investing like a hedge-fund billionaire.”
  • Adhil Shetty, founder and CEO of, comments on handling finances after a job loss in The Economic Times.
  • RIA Biz features BrightScope and its new plan to provide mutual fund data with the launch of Fund Pages.
  • SunGuard chooses Heckyl Technologies to provide sentiment and real-time news analysis for its MarketMap terminal.
  • A look at fintech innovation in Poland features mBank.
  • Management Today profiles Zopa CEO Giles Andrews.
  • Interxion partners with Microsoft Azure to enable users to connect directly to Microsoft Azure in the data center over a secure, high-performance private network.

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.

Finovate Alumni News


Around the web

  • Forbes column on a “$30 trillion customer service experience” features insights from Motif Investing CEO Hardeep Walia.
  • Wells Fargo funding authorizes ApproveIt Web Server from Silanis Technology as part of their approved e-signature solutions program.
  • Sun Sentinel article highlights Toshl Finance in a discussion on the eight things you should know before going to college.
  • Column on RIAs and the active ETF market quotes AlphaClone CEO Mazin Jadallah.
  • Bright Funds establishes six disaster-response funds to support Nepal disaster relief.
  • The Economist features Lending Club, Prosper, Zopa, and Kreditech in its look at P2P lending and “financial democracy.”
  • Axis Bank launches Ping Pay, a multisocial payment app, in partnership with Fastcash.
  • considers what itBit’s New York banking license and $25M funding means for the broader bitcoin community. See itBit at FinovateSpring 2015 in San Jose this week.
  • ACI Worldwide signs Letter of Commitment to support U.K. Faster Payments Scheme’s New Access Model.

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.

Finovate Alumni News– April 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Paypers reports Geezeo inks contract with Loc FCU.
  • ProfitStars introduces RemitCentral for centralized payment processing. See ProfitStars at FinovateSpring.
  • Business Insider looks at why PayPal continues to be relevant to small businesses.
  • GeekWire reports how VC investments in Finsphere brought VC cash to Seattle.
  • Yodlee partners with Central 1 to power PFM for Canadian financial institutions.
  • AlphaClone now displays stock prices on Sentiment Charts.
  • Forex News Now reviews Currensee.
  • Ping Identity named 1 of Denver Post’s 2012 top workplaces.
  • FirstData to use MoneyDesktop’s PFM in online banking solution.
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.

Finovate Alumni News– February 22, 2012

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • Expensify now enables centrally managed company mileage rates.
  • ProfitStars refreshes brand image to make info more accessible for financial institutions.
  • AlphaClone to offer Alternative Alpha ETF from U.S. Bancorp.
  • Entrepreneur points to ModoPayments as a tech innovation shaping user experience.
  • AirStrip Technologies selects Diversinet’s MobiSecure SDKs for Government healthcare applications.
  • Finextra reports Geezeo signs Alabama Telco CU.
  • FINalternatives interviews Currensee CEO Dave Lemont.
  • Three Finovate alumni named Lead411’s Hottest San Francisco Companies.
  • miiCard asks FinovateEurope 2012 attendees about this year’s fintech trends.
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.

Finovate Alumni News– October 14, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlphaClone launches “Alternative Alpha” index.
  • Forbes discusses Cardlytics and Offermatic’s approach & how they rival GroupOn.
  • Smart Money Mag details how FeeFighters can help cut costs in small businesses.
  • Jack Henry ProfitStars announces availability of the Gladiator NetTeller Enterprise Security Monitoring solution.
  • MyCyberTwin launches DIY Intelligent Virtual Agents.
  • Tyfone Introduces iCashe Mobile Wallet That Combines Mobile Banking With Digital Commerce.
  • UseMyServices partners with SafetyPay for mutual network expansion.
  • NYConvergence reports BankSimple prepares for its New York debut.
  • Business Insider recommends using BillGuard and
  • 24/7 Wall St looks at the P2P opportunity that Prosper brings.
  • McGuireWoods consulting is lobbying to Congress for the use of Dynamics smart cards.
  • Business Insider mentions Xero as a “great Web-based accounting tool.”
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.

AlphaClone’s Sentiment Scores: More Than a Feeling

Last week, AlphaClone introduced a new feature called sentiment scores which tracks changes in aggregate holdings of individual stocks within mutual fund portfolios * 


Sentiment Scores are listed on users’ Current Clone Portfolio (see image below) and Stock View Pages. Note how the numbers are color-coordinated with sentiment:
    • Green when bullish 
    • Red when bearish 
    • Black when there is no change
AlphaCloneIMG1.jpgThe Scores can also be viewed in a bar graph that displays quarterly sentiment scores over time (see screenshot below). Data can be retrieved as far back as 2000. 
AlphaClone IMG2.jpg
For more information, check out their blog posts here and here and their Finovate Startup09 demo.
*The sentiment score is derived from taking the total market value in a stock and dividing it by the sum of the market values of all holdings. As an example, AlphaClone provides the following: 
“…if 30 out of 300 funds own AAPL with a combined total market value in AAPL of $15 billion and the total market values for all holdings across all 300 funds is $2 trillion, AAPL’s Sentiment score would be ($15/$2000) x 1000 or 7.50.”

Alumni News — Week of June 27, 2011

A top Brazilian card issuer implemented an ActivePath solution. Link
AlphaClone incorporated new sentiment scores into its stock view pages. Link released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link

Blaze Mobile
Blaze Mobile was awarded a patent for NFC on stickers. Link
BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link
Braintree received $34M in Series A funding from Accel. Link


Reuters outlined the benefits of Currensee. Link
Credit Karma
Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link
doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link
Dwolla said its Grid payment network is more secure than Visa and MasterCard’s card networks. Link
Dynamics raised $35M for computerized smartcards and payment systems. Link


Reuters outlined the benefits of eToro. Link
gotoBilling, Inc. added eWise’s Secure Vault Payments as another payment platform. Link
The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link
Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link

Guardian Analytics


Yahoo! Finance reported that Guardian Analytics’ FraudMAP is helping financial institutions meet FFIEC guidelines. Link
HelloWallet was added to Mercer’s Outsourcing business benefits administration. Link
Intuit purchased Mobile Money Ventures’ web banking technology to augment its mobile banking capabilities. Link
Kony Solutions


The American Business Awards selected Kony Solutions as the Most Innovative Company of the YearLink
The Launch blog highlighted Lendio. Link
Outright rolled out a new report function allowing clients to view sales by state. Link
PayPal reached 100 million active users. Link

Profit Stars
Profit Stars introduced its new Remote Deposit Anywhere solution. Link
  • Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link
  • The San Francisco Times reported on Prosper’s growth. Link


Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link
SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link
SmartyPig was recommended by as a way to save for impulse purchases. Link
TradeKing implemented SunGard’s MarketMap to deliver market data to its active trading platform. Link
Mashable highlighted UBank’s feedback forum. Link
Voice Commerce
Voice Commerce launched a payment solution for the iPhone. Link


PC mag reviewed Wikinvest’s mobile app. Link
Tech Day assessed Xero’s Debtor Daddy service. Link

Alumni News– Week of June 20, 2011


AlphaClone launched a new feature that measures sentiment. Link
Taulia acquired BillFLO. Link shared money-saving strategies for recent college graduates. Link
BrightScope was highlighted on the Tuscon NBC news channel series, “4 Your Money.” Link
Ally Bank began offering CashEdge’s Popmoney service. Link
Continuity Control


LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions, began offering Continuity Control’s CreditUnion Assistant program. Link
Credit Karma introduced its Approval Odds service to help avoid being declined for a card. Link
Currensee reached $6 billion in trading volume and $12 million under management. Link
The MakeUseOf blog reviewed doxo’s online filing cabinet. Link
  • Dwolla CEO commented on the Bitcoin virtual currency debate, exchange, and hysteria.  Link
  • Dwolla’s fees were compared to PayPal’s. Link
  • Silicon Prairie News discussed Dwolla CEO’s comments on Bitcoin. Link
eWise Payo’s smartphone app won the Editor’s Award for Consumer Focus at the 2011 Cards International Awards. Link


  • The Dallas News highlighted Expensify. Link
  • Expensify was listed as one of 25 tools to help you manage spending by Link
HelloWallet posted a short video series explaining its wealth-tracking service. Link


KEMBA Financial Credit Union implemented Jwaala’s platform. Link
Lending Club
  • Lending Club is approaching its financial breakeven point. Link
  • Reuters commented on Lending Club’s P2P marketplace. Link
Lendio helped banks increase business loans by finding qualified borrowers. Link


Mortgagebot and Business Solutions extended their Tech Alliance to provide mortgage application solutions at preferred terms. Link
PayNearMe facilitated 7-Eleven’s partnership with Greyhound for cash transactions. Link
Reuters commented on Prosper’s P2P marketplace. Link
Receivables Exchange

Receivables exchange.jpg

The Receivables Exchange won 2011 “Management Team of the Year” at the Stevie Awards. Link
Strands Personal Finance landed in the 2011 Red Herring Top 100 North America list. Link
TradeKing announced its free webinar series on trading advice beginning July 12th. Link
Voice Commerce


Voice Commerce launched its CashFlows app. Link
Xero reviewed Xero’s cloud-based software. Link

Alumni News — Week of January 17, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Acculynk brings PaySecure PIN security to mobile devices. – The mobile PIN payment system should be available to consumers in first quarter 2011.
AlphaClone is mentioned on Wall Street Journal front page article, “Pack Mentality Grips Hedge Funds.” – The story ran Jan 15, 2011 and details the similar strategies in hedge fund management.
Backbase opens a New York City office to house field operations staff and help to serve East Coast financial institutions. partners with Track1099 for easy, paperless IRS-1099 filing. – Users can report independent contractor payments in two easy steps direct from their page.
iPay Technologies launches Biz 2.0 Crossover to help small businesses convert to business online bill payment. – The system identifies businesses using consumer online bill pay and targest them for upgrade to the business version.
Kasasa adds Neighborhood Credit Union to the fold. – NCU is the largest credit union in the Dallas-Ft. Worth area.
Kony solutions raises $19.1 million for mobile application platform. – Kony creates mobile applications for numerous industries including banking and investments.
Frost and Sullivan names mFoundry “Entrepreneurial Company of the Year” in the mobile banking category.
Mint and TurboTax team up to make taxes easier. – Mint allows for tagging of deductible transactions and free e-filing via Turbo Tax.
SilverTail Systems is hosting a Webinar on Jan 27 covering the differences between ecommerce and online financial Fraud. —
SmartyPig’s cash rewards card wins Paybefore award twice. – Congratulations to Smartypig for winning in two categories, “best general purpose reloadable program” and “best consumer value in prepaid.”
Joseph Leone, former vice chairman and CFO of CIT Group, joins the board of advisors at The Receivables Exchange. – Leone is a nationally recognized expert in commercial lending.