- appPicker reviews Pageonce – Money & Bills app.
- BrightScope announces top finance, insurance companies with the best 401(k) plans.
- Device Fidelity announces Incipio partnership, new line of NFC enabled cases for iPhone.
- NerdWallet interviews Bolstr co-founders, Larry Baker and Charlie Tribbett.
- The Monitise-powered mobile wallet from Blackberry, BBM Money, launches pilot in Indonesia.
- Cortera Pulse wins Gold Stevie Award for new version of business intelligence solution.
- Lighter Capital appoints Molly Greg as VP.
- SaveUp’s CEO & Co-founder Priya Haji awarded a Social Innovation Leadership Award by the World CSR Congress.
- US News Money looks at LearnVest, FutureAdvisor, and Personal Capital.
- Forbes speaks with Actiance CEO to learn how Socialite helps companies overcome challenges using social media.
- Prepaid Resources adds FraudGuard security services to their BenefitsDirect Direct Deposit management solution.
- MasterCard wins Mobile Money Innovation award at the GSMA World Congress in Barcelona, along with partners Etisalat and Oberthur Technologies.
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.
Looking for a reliable guide to the top 401(k) plans? The New York Times is sending inquisitive investors in the direction of BrightScope.
An independent provider of 401(k) ratings since 2008, BrightScope provides an annual list of the top 30 401(k) plans. The company leverages the largest private database of 401(k) data to empower plan sponsors, advisors, and participants.
BrightScope incorporates 200 different factors into each individual 401(k) plan rating, making it easy to quickly evaluate and compare different plans. Importantly, as The New York Times points out, BrightScope makes it easy to compare plans by peer group, as well. This way a 401(k) plan participant can compare his or her plan to other plans in similar industries and businesses.
For more on BrightScope, take a look at the company’s Finovate demo here.
Earlier this week, we attended the Future of Money conference in San Francisco. Over 20 Finovate Alumni companies were represented in the audience, and many of them presented or were included on panels.
During the conference, we gathered tidbits from some of the companies. Here are a few highlights:
Bill Harris, CEO, (pictured below) spoke about how wealth management needs to be more virtual, secure, and personal. He provided some stats
about the wealth-management platform:
- Average account size nearly $500,000
- Operates on a freemium model with $100,000 minimum account size
Mike Alfred, Co-founder and CEO, (pictured right) commented on BrightScope’s role in the advisor business:
- Seeks to bring transparency to the market
- Helps consumers steer away from “funds that suck”
Bo Lu, Co-founder and CEO, (pictured right) commented on FutureAdvisor’s platform:
- Makes the advisor process more convenient than traditional advisors
- Scales the advisor process to take less of a percentage than traditional advisors
Bertram Meyer, CEO, (pictured below) discussed how Taulia helps small businesses
get paid faster:
- The platform is free for suppliers
- Charges corporations (buyers) for either:
- A license subscription
- A gain share from the additional discounts earned against the target rate
Christian Lanng, CEO and Founder, (pictured right) described Tradeshift’s platform:
- It differs from banks because it has the ability to sift through the data that backs both the buyers and suppliers
- The platform is free for suppliers
- It sells connectivity to buyers as a SAAS platform to connect with supply chain
Priya Haji, CEO and Co-founder spoke about SaveUp’s user base:
- Skews towards users in their 20s and 30s
- Half male, half female
- Middle to upper-middle class
- Average income ranges from $75,000 to $125,000
- 30% of users are on the site every day
- 60% of users are on the site every week
To learn more about these companies check out their demos: