Finovate Alumni News– December 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDwolla launches the ability to send money over Twitter.
  • Planwise launches free online tool that’s like Google Maps for your money to visualize your future spending.
  • Intuit-owned Mint to collaborate with Monitise to enhance banks’ mobile apps with Mint functionality.
  • InComm buys majority stake in Adility. Financial terms have yet to be announced.
  • Equity Administration Solutions collaborates with SecondMarket so clients can more easily manage shareholder information.
  • PaySimple named Red Herring Global Top 100 winner.
  • Wonga launches PayLater, a service that offers users financing deals on online purchases with certain retailers.
  • BellaDati opens first international office in Seoul.
  • Experian announces IntelliView, a web-based query, analysis and reporting tool that gives 24-7 access to quarterly consumer credit data.
  • Diversinet’s mobiSecure SDK to power ultra-secure messaging in AirStrip Technology’s mHealth application.
  • Acculynk’s Payzur heads west as Washington credit union offers P2P service to members.
  • Long-term payments agreement announced between TSYS and Merrick Bank.
  • Bible Money Matters takes a closer look at the merger between Zecco and TradeKing.
  • BillFloat to provide handset financing options for MetroPCS customers.
  • Virtual Piggy signs agreement with CardinalCommerce to integrate its youth payment tech into their Centinel Universal Merchant Platform through Cardinal.
  • TechCrunch reports Concur to use Nor1’s eStandby Upgrade tech to make hotel offers available to their business travel customers via TripIt.
  • Simple shows off Android app teaser on Twitter and Facebook. The app to launch early next year.
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– December 17, 2012

  • FiservThumbnail image for Thumbnail image for Finovate-F-Logo.jpg launches mobile app for UChoose Rewards.
  • Affinity Solutions brings “Big Data” capability to card-linked offers.
  • StockTwits launches a new app for HootSuite.
  • Business Insider looks at Expensify’s team building trip overseas.
  • HelloWallet launches financial wellness workforce assessment for employers.
  • Des Moines Register considers Giftly’s remote gift card giving app.
  • American Banker reports Lawrence Summers, formerly one of President Obama’s top economic advisors, joins Lending Club’s board of directors.
  • Tyfone is expanding into Latin America through a deal with Protege Sistemas of Brazil.
  • Gesa Credit Union chooses Andera’s oFlows platform.
  • Reuters recommends visiting Betterment, Personal Capital, and LearnVest for year-end money advice.
  • Bill.com launches new application platform powered by open APIs for third-party developers to integrate native apps with Bill.com’s software.
  • New miiCard DirectID Check allows SMBs & professionals to perform bank-level ID proofing online.
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– December 14, 2012

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBellaDati opens its first international office in Seoul.
  • Klarna co-founder and deputy CEO talks Square and the business of payment processing.
  • Sparkroom wins Readers’ Choice Top Product award.
  • Simple doubles per-transaction limit on its debit cards.
  • Investors Business Daily profiles FIS chairman and CEO Frank Martire.

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.

BellaDati’s Social Network for Business Data Analysis Changes the Way Business Users Interact with Data

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Starting things up after lunch, Bella Dati demoed how its analytics and reporting tool helps businesses interact with data: 

“BellaDati is an agile analytics and reporting cloud tool that reinvents the way in which business users can interact with data. All you need is a web browser or mobile device. 

It turns ATM, mobile, e-banking, sales or fraud data into the visualized reports and dashboards. BellaDati data-warehouse includes ready connectors for huge databases and services like Oracle, SalesForce, Facebook, Intuit Quickbooks or a simple Excel spreadsheet. 

The solution brings three layers of innovation– for management, analyst and developer. Heads of retail and operations in banks can consume and comment on charts and tables in reports via their iPad/iPhones. Analysts can drill-in and slice data to create regional ATM reports without coding.”

Product Launched: End of 2011
HQ: Prague, Czech Republic
Founded: 2006
Product Demoed: BellaDati
Metrics: Financed by enterprise software integration company TRGIMAN; 20 employees; customers from insurance, mining & retail industries; customers from large retailers, financial services & small shops with 20 employees
Website: belladati.com
Twitter@belladati
Finovate demo video: Demo videos will be posted next week
Introducing Martin Trgina (CEO & Founder) and Lubomir Micko (CTO)

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FinovateAsia 2012 Sneak Peek: Part 1

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For our first ever FinovateAsia conference, we’ve selected 36 leading innovators to take the stage in Singapore on November 6.
Each company provided a sneak peek of what they’ll demo next month. Below is the first installment of these teasers. We’ll have more next week.
Don’t miss your chance to see the live demo from each company and be a part of our inaugural FinovateAsia conference. Get your ticket here.
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Airline pilots train in flight simulators, known to be one of the most effective training methods. After the financial crisis, isn’t it about time your risk managers have access to the best training techniques?
BankersLab offers training products designed to enhance a banker’s ability to develop and test strategies in a range of real-world market conditions. Utilizing a blended learning model, BankersLab integrates numerical simulations, scenario games, the gamified classroom, and m-learning for optimal understanding and knowledge retention. 
BankersLab’s comprehensive suite of products suits all skill levels; ensuring your teams are the best trained in the industry.
Innovation type: Cards, lending, payments

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BellaDati launches BellaDati agile analytics and reporting cloud tool for financial data analysis. 
BellaDati reinvents the way business users can interact with data. BellaDati will introduce features like GEO analytics, mobile reporting BellaDati Piccolo or social network for business data analysis. All this topped with easy connectivity to various data sources. Stay tuned to the new wave of business analytics inspired by gorgeous Isola Bella island located close to the Sicilian coast. 
Innovation type: Back office, mobile, sales

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Bank lending to thin-and no-file small businesses in emerging markets is a billion dollar opportunity – yet traditional lending requirements make it inefficient and expensive. EFL’s Credit Screening Tool, which uses non-traditional data such as psychometric principles that statistically relate entrepreneurial qualities such as intellect, business acumen, ethics, attitudes and beliefs to credit screening, makes lending scalable and profitable. 
EFL will show how seamlessly its partners have integrated Credit Scoring Tool to their existing lending processes to increase their loan portfolios by over 100% and decrease defaults by over 40%.

Innovation type: Banking, identity, lending

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Fiserv will demonstrate its world leading mobile banking platform – Mobiliti – used by over 1,000 banks and credit unions around the world. The focus on the demo will be on Mobiliti Reach – a product to help banks profit from servicing underbanked and unbanked market segments.
Innovation type: Back office, mobile, payments

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Heckyl FIND is a simple and yet powerful platform which integrates real time news, analytic, and sentiment mining in your trading terminals.
Heckyl FIND provides the first and a very powerful enterprise social trading terminal enabling your analyst to collaborate in real time with Traders, exchange great ideas, trading insights and empower your Traders with all the information to take the next action, here on Heckyl Dashboard.
Heckyl FIND is exclusively for financial institutions, brokerages and the trading community to get access to real time trading ideas, research reports, economic alerts and much more.

Innovation type: Investing, online UI, PFM

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Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and able to provide for both private and public ecologies, as well as emergent and structured innovation approaches. 
Innovation Café is a lightweight platform with advanced white labeling, and custom theme capabilities. It has the ability to integrate with different systems and provide detailed reporting. Crowdsourcing and community collaboration are used to focus the attention on business objectives, enhanced through idea challenges.

Innovation type: Banking, mobile, online

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Get peace of mind knowing that your company’s financial mobile app is secure. Metaforic technology stops malware and hackers in their tracks. See live, an attempted malware attack on a mobile app and the technology that st
ops it.
Innovation type: Security

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With fewer people going to branches due to the convenience of internet, it weakens banks’ ability to acquire, develop a face-to-face personal relationship and recommend relevant products to their customers. 
Users are also spending very little time on internet banking due to a very transactional “touch-and-go” behavior. So how do you get the right customized products to the right customer at a time when they most need it?
Innovation type: Marketing, PFM, rewards

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Sandstone will be showcasing its ‘next generation’ consumer banking solution combining internet and mobile banking, personal financial management and loan origination capabilities to form a powerful end-to-end customer acquisition and retention tool.
Building on the “anytime, anywhere” capabilities of emerging tablet and smart phone platforms, Sandstone will show how consumers can interact with their bank for a range of integrated banking services.
For example, we will demonstrate the customer’s experience of finding and purchasing a new home, including property suggestions based on their savings, property selection, valuation, credit assessment and loan approval – all in real time from any device
Innovation type: Lending, marketing, PFM

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Strands Finance is presenting new “What If” functionality that takes PFM historical data and makes it relevant for the future. Users will gain greater insight and control of their financial health with little to no effort. 
For banks, the data is invaluable to better advise their customers. Strands has developed and leveraged pattern identification algorithms that help model future scenarios and the impact to the user’s short-term cash flow to long-term net worth.
Innovation type: Mobile, online, PFM

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The 21st century customer is all about the experience. 
To be ahead of competition, retailers and banks need to drive revenue through new channels and differentiate themselves through unique customer experiences to build loyalty. With the combination of time, relevance, and behavior, TIBCO offers an integrated solution linking the end-users, retailers and banks – anytime, anywhere.
Innovation type: Mobile, payments, rewards

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Wipro will debut its Wipro SmartOffers solution at FinovateAsia 2012. The innovation provides bank customers with Digital Offers which can be redeemed at merchants for availing benefits/discounts at the time of purchase. These offers may be merchant-or-bank-funded at the bank’s preference. 
The solution is different from the aggregator-centric models currently in practice in the market, championing the bank centric offer model. Wipro’s solution gives the power back to the banks, by making them the center of the Digital Offers Universe. By making the entire offer landscape bank-centric, banks reap the benefits hereto left for aggregators.
Innovation type: Banking, rewards

Finovate Alumni News– October 4, 2012

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  • UPS Store launches small biz solutions portal, Kabbage to join group of service providers.
  • Cognizant and Monitise form mobile money alliance to help global FIs capitalize on mobile money opportunity.
  • Credit Union National Association reports: 150+ CUs sign up for Mitek mobile deposit.
  • PYMNTS reports Doxo puts new spin on QR codes, mobile payments.
  • PC Magazine profiles BellaDati. Come to FinovateAsia to see its live demo.
  • IDTheft 911 covers more than 17.5 million households (more than 45 million individuals) and more than 600,000 businesses in U.S. and Canada.
  • Fast Company examines how Dwolla works.
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 3, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgZoo names baby monkey after Kasasa.
  • Tradeshift announces interoperability agreement with OFS Portal.
  • VentureBeat profiles BellaDati. Come see BellaDati demo at FinovateAsia.
  • Deposit Accounts looks at Kasasa’s checking rewards.
  • Monitise teams up with eMerit Solutions to develop mobile payment opportunities for businesses.
  • ProfitStars introduces Gladiator Advanced Malware Protection.
  • miiCard opens API to First Global Trusted ID as a service platform.
  • Lending Club to use Oracle ERP cloud service.
  • VentureBeat reports Xero brings its accounting software to Android.
  • PYMNTS News reports: Compass Plus helps Quipu achieve 100% service availability.
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.