Finovate Alumni News– July 30, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy integrates its youth payment system into Arbor Collective’s ecommerce operations.
  • AcceptEmail featured in The E-invoicing Market Guide 2012.
  • BOKU receives A+Trust rating from the Better Business Bureau.
  • Barnard College partners with peerTransfer to streamline international education payments.
  • Simple begins on-boarding customers, loses CTO Alex Payne.
  • Xero reaches 100k paying customers, discloses additional metrics.
  • Tinkoff Credit Systems launches new online banking on Backbase.
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– June 14, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlbany Times Union reports CSI’s globalVCard leads execs out of ID theft and into mobile payments.
  • $3.7 bil Patelco CU commits to ThreatMetrix’s malware defense software.
  • Backbase powering online banking platform for Absa Group, a subsidiary of Barclays.
  • American Banker reports Firethorn Mobile to power Burger King’s mobile app.
  • GlobalCollect offers BOKU as Mobile Payment Checkout to its Merchant Network.
  • Financial Services and Big-Data Executive Mary Anne Keegan joins BillGuard as CMO.
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– May 4, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechCrunch hosts Jon Stein, Betterment CEO, to talk about the future of investing.
  • Backbase signs Higher One, a leading financial services provider for colleges & universities.
  • Bank Technology News reports Yodlee opens a workshop to boost startups.
  • TechCrunch reports SigFig launches.
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 26, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovate Alums take the stage at the Future of Money Conference 2012.
  • Netbanker: Pageonce Removes Billpay Subscription Fee in Favor of Per-Transaction Pricing.
  • Hypebot.com followed Personal Capital, Intuit, Boku, Tradeshift, and CashStar at the Future of Money Conference.
  • Backbase & GFT sign European partnership agreement.
  • State of Washington picks Doxo for paperless files.
  • BehavioSec chosen as one of the “Cool Vendors” in Identity Access Management, 2012 report by Gartner.
  • Alpena Alcona Area CU selects MoneyDesktop’s PFM to offer members a better online banking experience.
  • Northwoods CU signs onto Cachet Financial Services’ mobile remote deposit capture.
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– March 13, 2012

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  • BrightScope adds Josh Brown, financial advisor & author to advisory board.
  • AppStorm shares how Enloop can help you move your business into the VC world.
  • GigaOM rumors that PayPal will launch a mobile payment dongle to compete with Square and Intuit.
  • The Urban Twist lists HelloWallet as one of seven scorching hot tech startups in D.C.
  • INTTRA, independent transactional network for ocean freight, and Tradeshift partner to help manage ocean freight invoices.
  • Entrepreneur lists Kashoo & Xero as 2 of 4 online apps that can be handy for tax time.
  • Backbase announces most successful year to date, doubling software revenue & adding multiple tier-1 customers.
  • eToro closes $15 mil funding round led by spark capital.
  • CashStar upgrades web gifting interface.
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.

Backbase Improves Bank 2.0 Portal Manager

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Next, Backbase showed off its newly improved Bank 2.0 Portal Manager:

“Backbase is presenting major new features in its Bank 2.0 Portal Manager at FinovateEurope 2012, focusing on the following key points:

  • Improved editor for page composition on regular browsers and mobile devices
  • Advanced segmentation and targeting for different customer groups
  • Fully integrated forms editor for enrollment and BPM
  • Advanced analytical and performance tools
Backbase’s Portal Manager is an easy to use, graphical interface for the e-business and marketing teams at banks to manage online and mobile customer interactions and to bring power to the business by giving them complete control of the online customer journey.”

Product Launched: February 2010

HQ Location: Amsterdam, Netherlands & New York, NY
Company Founded: April 2003
Metrics: 150 employees
Website: backbase.com

Presenting Jouk Pleiter (CEO & Co-Founder) & Jelmer de Jong (Head of Marketing)
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Backbase Partners with Sandstone to Market Bank 2.0 and Forms Technology

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Portal software startup Backbase announced today that it partnered with Australia-based Sandstone:

“Backbase provides powerful WebThumbnail image for SandstoneLogo.jpg2.0 e-business technology that will underpin Sandstone’s next generation online banking solutions…. Backbase Forms will enable Sandstone BankFast customers to easily create and edit forms for customer-facing business applications.”

Sandstone will market the Backbase Bank 2.0 and Forms technology throughout Australia and New Zealand.

To learn more about Backbase and Sandstone, come to FinovateEurope February 7 in London or watch Backbase’s FinovateFall 2011 demo.

FinovateEurope 2012 Sneak Peek: Part 2

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As promised last week, here is our second “sneak peak” into the hot young startups and established leading companies that will demo their latest fintech innovations at the second annual FinovateEurope next February 7th in London.
As we mentioned in the first sneak peak, we asked each handpicked company to “whet your appetite” by providing a short summary in their own words of the innovation that they will be debuting on stage. We’ve compiled them below.
Don’t miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you’ll lock in the early-bird price!
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Backbase will be presenting major new features in its Bank 2.0 Portal Manager, focusing on the following key points:
  • Improved editor for page composition on regular browsers and mobile devices
  • Advanced segmentation and targeting for different customer groups
  • Fully integrated forms editor for enrollment and BPM
  • Advanced analytical and performance tools
Innovation type: Marketing, mobile and tablet UI, online UI


CardlyticsLogo.jpg

Aimia’s unique advertising platform, powered by Cardlytics, enables banks to deliver rich, relevant rewards to their customers. The platform uses customers’ unique purchasing history to deliver rewards that strengthen retention rates, increase card usage and improve customer relationships. The Cardlytics platform does all this without the need for any personally identifiable customer data.   
Critical to the success of the programme is merchant engagement. Aimia and Cardlytics will be demonstrating the portal which is used by merchants to track offers and report on revenue. The suite of merchant management tools allows merchants to deliver targeted strategies that deliver measurable results. 
Innovation type: Cards, marketing, rewards
eToroLogo.jpg

eToro provides you with immediate access to the largest investment network in the world giving you the ability to quickly find and easily build your own people-based portfolio of top performing traders. Automatically copy every trade your personal dream-team makes into your own investment account and start copying the success of the most successful traders. 
eToro reinvents the way people invest their money by propelling them into the fast growing world of social investing. Take advantage of the wisdom of the crowds and make smarter investment decisions with full transparency and control over your invested funds at any given time.
Innovation type: Investing, online UI, PFM
FenergoLogo.jpg

KYC compliance is a hot topic for financial services and Fenergo will introduce its Deal Manager application for client on-boarding, KYC compliance and account opening.
Fenergo will demonstrate how banks and financial institutions can reduce the burden and cost of KYC compliance with its straightforward application which manages all of the complex KYC data gathering and document processes and ensures full compliance with industry regulations. 
The best bit is that its Deal Manager application also supports credit processes and legal document execution, so processing new client applications has never been so straightforward. 
Innovation type: Back office, sales
FigloLogo.jpg

An onboarding tool that increases customer engagement at the same time? Figlo offers you a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible for everyone on any device. 
Curious? Figlo’s 7 minute demo will reveal the power of financial insight.
Innovation type: Mobile and tablet UI, sales

HandpointLogo.jpg

Handpoint will be demonstrating the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. The solution supports all card payments; magstripe (MSR), Chip & PIN, Chip & signature and contactless NFC Payments (2012).
With Handpoint’s Platform-as-a-Service acquiring, banks and MNOs can offer small/micro merchants card payments, tablets, and smartphones under their own brand name.
Innovation type: Payments, mobile and tablet UI
HolviLogo.jpg

Holvi replaces the plain old bank account with a current account built from the ground up for group activities. It helps customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations and they can do all their banking with Holvi, without needing another bank account. 
Holvi is regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and it has the necessary banking partnerships in place to operate payment accounts for customers on a pan-European basis.
Innovation type: Banking, online UI, payments

PingIdentityLogo.jpg

Facebook logins are crucially important. Online banking logins are severely difficult to remember. Can something be done about this and still meet the highest standards of identity security? 
Ping Identity will show you how to deliver the best login experience to your prospects and customers. Don’t turn them away with form filling and repetitive password requirements. Give them access to your financial networks and partners. Build trust and relationships with your customers.
Innovation type: Identity, marketing, security
MenigaLogo.jpg

Meniga is expanding its PFM solution to add a new, highly user-centric layer on top of traditional online/mobile banks. 
The interface de-emphasizes real accounts and actual balances and instead shows “uncommitted balance” and virtual accounts. It also allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account’s balance becomes too low to meet commitments and forecasted expenses.
Innovation type: Online UI, Payments, PFM
NutmegLogo.jpg

Investing is scary. I can invest, but I forget to buy or sell or rebalance. My financial advice has been useless. I want to be in control of my finances. I know I should be doing more with my money. 
Nutmeg knows that investing is about more than money. It’s a passport to the life you want. That opportunity shouldn’t be reserved just for the wealthy, or just for those in-the-know.
Nutmeg asks, what if investing were simple and beautiful? And what if everyone could do it?
Innovation type: Investing, online UI, PFM
SeversideGroupLogo.jpg

Banks around the globe have really struggled to understand how they can leverage the power of Facebook. 
Serverside has developed a new and unique way to leverage Facebook in an exciting and engaging manner that drives real brand value, loyalty and engagement from your customers.
Innovation type: Cards, marketing

StriataLogo.jpg

Going paperless saves money and improves customer service. However, most customers are not switching off paper because the registration process is inconvenient, complicated and results in having to remember another username and password and to fetch the document every month.
Striata’s eConsent puts you in control of the paperless conversion process. Its clients are exceeding their paperless objectives and achieving a positive ROI in a matter of months.
Innovation type: Back office, communications, marketing

TradeshiftLogo.jpg

What would make the biggest impact on the way you manage cash flow and financing? Improved processes? Streamlined operations? Or maybe more flexibility in the way you manage payment terms with suppliers?
Things change. Shift happens. Tradeshift has already transformed invoicing, now its doing the same with supply chain finance. 
Innovation type: Back office, payments, small business

Finovate Alumni News– November 8, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker: Credit Karma Launches “Hands Free” Account Aggregation.
  • Kony and CIBC deliver new mobile brokerage application.
  • Ixaris to introduce the Opn Payment Partner.
  • Backbase & Forrester Research to host free webinar Nov 9: ‘Banks Need to Become SUPER.’
  • Everything PR lists BillGuard in the Money category of 2011′s Top 100 Best Startups for PRs.
  • eToro launches mobile HTML 5 App for social trading on the go.
  • SecureKey Technologies Inc. to power the Government of Canada’s new online authentication service.
  • Malta Independent Online looks at Wesabe, Geezeo, and Budgettracker as key online money management tools.
  • BankSimple launches to the public, changes its name to Simple.
  • eToro launches iOS mobile app for on-the-go trading.
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– November 2, 2011

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  • Prepaid Awards honors CashStar and Dell for Best Prepaid Gift Program.
  • Backbase names Visionary in latest Gartner Magic Quadrant.
  • American Banker discusses T8 Webware’s perfect solution for National Grand Bank of Marblehead.
  • Tab Times looks at the progress & success of Kashoo’s iPad app.
  • The Wall Street Journal reports Visa Europe takes 8.8% stake in Monitise.
  • Check Point buys compliance solutions co Dynasec.
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 11, 2011

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  • Hastings Mutual Insurance Company selects Identity Theft 911 to offer Security Breach Response Coverage.
  • Andera acquires oFlows to “deliver the whole enchilada.”
  • mFoundry opens office in San Francisco.
  • Backbase announces Netherlands insurance co-op Univé, has chosen Backbase software. 
  • USA Today lists TradeKing as an option to help beginner investors.
  • Clairmail enhances adoption-services program with new benchmarking service.
  • Mitek Systems announces Mobile Deposit 3.0.
  • Q2ebanking enhances mobile banking solution, supports clients’ mobile 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.

Backbase’s E-banking Experience Focuses on Customer Interaction

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This afternoon, Backbase demonstrated its Retail Bank of the Future that focuses on customer interaction: 

“Backbase is launching its Retail Bank of the Future representing the e-banking engagement experience of tomorrow. It embodies the newest User Experience (UX) patterns based on input gathered from customer research, industry thought leaders and UX specialists. 

The Backbase Retail Bank of the Future uses the latest interaction patterns and stretches the limits of today’s front-end technologies across multiple devices and touch-points in order to create a centrally orchestrated Bank 2.0 end-user experience. With the underlying technology in place, including its award-winning Portal technology, Backbase is now focused on leading the way in customer engagement solutions.”

Product Launched: February 2011 
HQ Location: New York Company 
Founded: June 2003
Metrics: 150 employees, Offices in New York, US and Amsterdam, The Netherlands
Website: backbase.com
Presenting William Sarkozy (Senior Consultant) & Jonathan Wright (Senior Consultant)

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