Finovate Alumni News– September 4, 2013

  • Finovate-F-Logo.jpgAmerican Banker reports: Cardlytics Announces First U.K. Bank Customer. Come watch Cardlytics’ live demo at FinovateFall in NYC next week.
  • IBM partners with Monitise to provide software, technology services and consulting to improve Monitise’s core services.
  • NPR’s Tell Me More mentions ImpulseSave, Mint, and Manilla as 3 apps to help manage your money.
  • TSYS signs long-term payment processing agreement with Anovia Payments, LLC.
  • Check (formerly Pageonce) secures $24 million in Series C financing round.
  • Information Week highlights Credit Sesame and Kabbage in column on social media and credit worthiness.
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– August 26, 2013

  • Finovate-F-Logo.jpgCommonWealth One Federal Credit Union to offer PFM powered by Geezeo.
  • Bank Innovation reports: Cardlytics Will Expand Location-Based Offers in 2014.
  • TSYS partners with Discover to process payments from PayPal.
  • Kony at #28, five other Finovate alums make Inc. 5000 for 2013.
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– August 21, 2013

  • FinovateLOGO.jpgWhat 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.
  • 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.

Finovate Alumni News– August 7, 2013

  • FinovateLOGO.jpgMasterCard CEO Ajay Banga announces MasterPass digital wallet now accepted by more than 20,000 merchants.
  • EyeVerify reaches finals in four categories of the 2013 Silicon Prairie Awards.
  • Ralph Marcuccilli, president and founder of Allied Payment Network, talks about the benefits of photo bill pay.
  • ProfitStars introduces hosted version PROFITstar Budget Manager, supported by Windows Azure for cloud computing. First Interstate Bank replaces Excel-based budgeting process.
  • U.S. PayPal users given option to withdraw money using MoneyGram.
  • London Loves Business blog highlights Nutmeg, Zopa, and Wonga as well-known London-based fintech startups.
  • Cardlytics names Jim Morgan as first CFO. Come see Cardlytics demo at FinovateFall in New York September 10 and 11.
  • PreCash launches PayConnect mobile and online bill pay platform.
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.

Meet the Innovators of FinovateFall 2013

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FinovateFall 2013 is right around the corner. That means it’s time to start getting to know the entrepreneurs and innovators that will be presenting their technologies on stage in New York City in September.

Remember, the early bird deadline is this Friday, August 2nd. So to reserve your spot and register now.

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Akimbo Financial offers a social bank account alternative that makes sharing money easier than ever.
authenticIDs identity tools pictureID and catfishID, are the most accurate, time-saving solutions for the forms of ID we already carry.
Backbase‘s Launchpad, the Commercial Banking Edition, making CFO’s work easier.
BehavioSec uses behavioral analytics to transparently tackle web and mobile security.
BillFloat revolutionizes credit delivery to consumers and businesses.
Biometric Signature ID has a patented software-only biometric for secure ID online verification.
BizEquity is the first and leading cloud-based business valuation engine, an innovative solution to small business lead generation.
Capital Access Network is the largest and most experienced small business finance specialist.
Cardlytics uses consumer purchase data to drive a patented advertising platform. Ads are so relevant–they’re expected. 
CoverHound is a comparison insurance adviser, helping people discover, buy, and manage insurance online.
CR2 is the innovative provider of self-service banking solutions including ATM, Internet, and mobile banking.
DoubleBeam‘s SDK powers mPayments inside other mobile apps, helping signup customers quickly and save a ton on the cost of payments.
FinanceIt offers businesses the ability to provide consumer financing to their customers at the POS.
Financial Guard helps you protect your investments, providing online investment advice at the right price, finally.
Finect is the leading online network for the financial services industry.
Fiserv is a leading global technology provider serving the financial services industry, driving innovation in payments.
FlexScore “gamifies” financial planning, gives a “score” of your financial fitness, and provides education, advice, peer comparisons.
Float Money offers interest-free credit to members of its shopping club and financial health partners.
FutureAdvisor manages your investments for better returns, making quality financial advice available to everyone.
GMC Software Technology is a leading software developer of solutions that transform the customer experience.
Guide Financial is like a healthcheck for your finances – automatically scanning your accounts for ways you can earn or save more, and providing simple, easy fixes.
Ignite Sales is the leader in retail banking, customer acquisition, and retention technology.
Innovation Agency, where you can execute on your innovation mandate and unlock the wealth of ideas in your ecosystems.
Instabank – Beautiful money.
Interactions provides natural language Virtual Assistant application services for the automation customer care processes.
Jumio is a next generation credentials management company offering payments and ID scanning and validation products for mobile and web transactions.
Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interactions.
LearnVest empowers people everywhere to take control of their money and live their richest lives.
Level Money is a financial GPS, designed to replace budgeting.
Lighter Capital provides growth capital to technology companies in a highly-automated basis – Capital-as-a-Service.
Lumesis provides software for the fixed income municipal market. Compliance and credit-focused. 
Luminous is a boutique innovation company that has become synonymous with innovative banking around the world.
Manilla is the leading free and secure service to simplify and organize daily financial life.
MasterCard is a technology company in the global payments industry, operating the world’s fastest payments processing network.
mBank is the biggest, pure-play online bank and the third largest retail bank in Poland.
miiCard is the first digital identity verification service to prove ‘you are who you say you are’ entirely online.
Mitek is positioned as the leading innovator in mobile imaging software. 
MoneyDesktop empowers financial institutions to provide online/mobile banking experiences to promote personal financial intelligence.
Motif Investing is a thematic, customizable, low-cost and crowdsourceable ETF-like product that is disrupting investing economics.

Narrative Science
 
enables companies to uncover the insight hidden in their data and create new content at a scale and frequency never before possible.
Numbrs – One App – Every Bank.
P2P Cash is the mobile wallet with switch technology that allows us to aggregate all other mWallets and mobile financial services.
PayWith is powered by MasterCard. Funded by Merchants. Loved by Consumers.
PhonyInvoices provides invoice fraud detection and prevention. We check a company’s vendor lists and transactions for suspicious activity.
Place2Give provides valuable and trustworthy information to make the most impactful social capital investment decisions.
QuarterSpot lending platform delivers the lowest cost and most favorable term small business loans.
RevolutionCredit is a revolutionary solution that transforms the credit decisioning process for both creditors and consumers.
SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers.
SavedPlus is an automatic savings program that helps customers save money with every purchase.
Simple Verity provides business credit reports on any SMB in America.
Socure offers a social identity verification solution to combat the growing risk of online identity fraud for financial institutions.
SpearFysh leverages mobile, speech analytics, big data, and SaaS technology to improve sales processes and drive growth.
Spreedly provides vault cards in the cloud and work with more than 50 payment gateways.
StockSmart apps and platform offer insight and information on the world’s best companies and people.
StrategyCorps delivers local/mobile/social consumer checking solutions so appealing and relevant, your customers will gladly pay for them.
Tinkoff Credit Systems is Russia’s leading provider of online financial services.
TipRanks is a cloud-based service that measures the performance of anyone giving investment advice.
Toopher eliminates online fraud using your phone’s location. Simple, secure, your phone stays in your pocket.
Unleash is the cloud CFO that helps small businesses make better decisions faster.
VerifyValid and Deluxe are giving checks their first major upgrade in more than 200 years.
Versafe protects all users from all malware, threat types. On all devices, all transparently. 
WordSentry software analyzes messages during composition, identifying non-compliant components, for correction before sending.
Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data.
Yseop creates a new age where financial services delivered to customers are driven by AI and human collaboration.
Zenmonics is a global technology services and mobile product provider to the financial services market.
Zighra empowers banks and financial institutions to leverage implicit mobile user authentication and accelerate payments.
Zooz provides complete payment essentials at your fingertips: a robust set of tools that will improve the payment process.
Plus more stealth companies to be announced in the weeks to come.
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To find out more about the upcoming FinovateFall 2013 event in New York, September 10 and 11, visit our FinovateFall information page here.

Finovate Alumni News– July 30, 2013

  • FinovateLOGO.jpgOpenCoin is among the virtual currency innovators looking to form a self-regulatory body for the industry.
  • MasterPass from MasterCard launches in the United Kingdom.
  • Bank Innovation takes a look at FIS Global’s recent remarks on the company’s technology deal with Sainsbury.
  • Yahoo Finance looks at rewards earned using Dynamics ePlate credit card.
  • StreetFight features reasons to opt in for card-linked loyalty programs from Cartera Commerce, Cardlytics, edo Interactive and Swipely.
  • Netbanker features BillGuard, Manilla, and Credit Karma as value-added apps driving mobile adoption.
  • eToro adds price alerts to eToro Trader app.
  • Bright Ideas features Noreen Hafez, senior product marketing manager at Akamai.
  • Kasasa holds sweepstakes, films big-bank breakup video, featuring CEO Gabe Krajicek.
  • Betterment joins fellow Finovate alumni FutureAdvisor and LearnVest in this NYT column on bringing “financial planning to the masses.”
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– July 24, 2013

  • Finovate-F-Logo.jpgCardlytics hires Jim Morgan as its first CFO.
  • Yodlee lets U.K. lenders view prospects’ bank account data.
  • Q2ebanking expands into 85,000 square foot Austin corporate headquarters, poised for continued growth with new talent.
  • TechMarketView reports: ValidSoft offering additional security in a multi-channel world.
  • Congruity Solutions features ShopKeep POS on radio talk show.
  • ProfitStars introduces iPay OneClick bill pay and Andiamo, a way to deploy mobile services without core integration.
  • Fidor Bank AG to create “liability umbrella” in new partnership with German bit coin marketplace, Bitcoin.de.
  • The Currency Cloud nominated for Best Online Payments Solution (Merchants) in 2013 Payments Awards.
  • Bank Info Security interviews Akamai’s Fran Trentley on security challenges in the mobile environment.
  • Paul Miniutti of ProfitStars talks about the link between ATMs, mobile devices, and P2P payments.
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.

Second Quarter 2013 Funding for Finovate Alumni — More than $200 Million Raised

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For the second quarter of 2013, fifteen Finovate alumni raised more than $200 million. The quarterly total exceeded both that of the previous quarter as well as the same quarter last year.*

  • Q2 2013: 15 companies raised more than $200 million
  • Q1 2013: 15 companies raised more than $155 million — blog post
  • Q2 2012: 14 companies raised more than $120 million — blog post
Here’s the Q2 summary for 2013:

April — $32 million raised by two companies
May — $91.5 million raised by seven companies
June — $81.7 million raised by six companies

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*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Finovate Alumni News– June 13, 2013

  • Finovate-F-Logo.jpgZopa Safeguard now has 15,000 users and has had £16m lent on platform. Zopa reaches £300m in money lent to borrowers in the UK.
  • Bank Innovation reports: Cardlytics Has 33 Million Active Users at 400 Banks.
  • Inc. Magazine creates infographic of how to select the right crowdfunding platform. Bolstr and SeedInvest among choices.
  • CommunityLend’s FinanceIt partners with Pivotal Payments, a credit card payment processing company, to enable merchants to process loans directly at the POS.
  • Capital Access Network opens new facility in Lindora, Costa Rica to support growth.
  • Finect president Jennifer Openshaw talks networking for financial professionals on MarketWatch Radio.
  • Street Fight Mag includes Placecast among its “5 Tools for Point of Interest Geo-Targeting”.
  • TransferWise launches GetPaid to make it easier to get compensated when working with international clients and partners.
  • Developer Tech features Keynote Systems’ CEO Umang Gupta.
  • Point of Sale highlights Finovate alumni Flint Mobile and PayPal.
  • Social Trading Guru reviews ayondo 3.0.
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 12, 2013

  • Finovate-F-Logo.jpgSan Diego County Credit Union launches Cardlytics’ card-linked marketing platform.
  • Newfination: Bill Harris talks about Personal Capital’s new funding round and the issue of continuity.
  • SecureKey’s briidge.net DNA security software and authentication service have been integrated with MasterCard’s MasterPass.
  • BellaDati selects Chicago as its U.S. Headquarters.
  • CEO and co-founder of OpenCoin, Chris Larsen, writes about Bitcoin and “the future of money.”
  • Mint, BudgetPulse listed among budgeting options in column on digitizing your finances.
  • DigitalMailer signs technology and marketing partnership with CoreTrack.
  • Locaid closes $4 million funding round.
  • DeviceFidelity partners with Susan G. Komen Dallas County via moneto Prepaid MasterCard program.
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 30, 2013

  • Cardlytics granted patent to deliver targeted marketing offers through its network of nearly 400 banks.
  • PYMNTS.com interviews SumUp’s managing director, Stefan Jeschonnek regarding Groupon and Amex’s recent investment.
  • Talkapolis interviews iQuantifi founder & CEO Tom White.
  • World’s largest online shoe company deploys Taulia’s cloud-based solution.
  • UK-based Nutmeg appoints Lee Cowles as its new managing director.
  • Lending Club expands offices in San Francisco.
  • TSYS signs long-term, consumer credit card payment processing agreement with KeyBank.
  • ACI Worldwide to provide online banking, bill pay, and mobile banking services.
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.

Cardlytics Builds a Better Bullseye for Bank Advertising

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Targeted advertising relies on accurately assessing consumer behavior, linking that behavior to future interests and needs, and then building an advertising campaign that consumers will actually respond to with real purchases of goods and services.

And according to Polaris Partners, it’s so simple only one company may be doing it right: Cardlytics.

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In a feature on the company and its co-founders, Scott Grimes (CEO) and Lynne Laube (President), Polaris Partners takes a close look at the way Cardlytics has been able to acquire larger advertisers and to sign them for the long term. Consider these metrics:
  • Cardlytics has contracts with a quarter of the top 100 advertisers
  • Cardlytics’ ads drove $500 million in purchases in the fourth quarter of 2012
  • Cardlytics has partnerships with more than 400 American banks.
Founded in 2008, Cardlytics specializes in transaction-driven marketing. The company’s technology helps FIs make targeted, relevant offers and rewards to their customers based on their customer’s actual shopping behavior. The platform currently serves 78 million households in the U.S.
Cardlytics was highlighted here in the Finovate Alumni news blog just last week when the company announced that it had raised $40 million in funding from undisclosed, but current investors.
Cardlytics demoed its technology as part of FinovateEurope 2013 in London in February. See them in action here.