Finovate Alumni News– June 28, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Bank Of Marion selects Continuity Control for compliance platform.
  • Des Moines Register reports Inc. Magazine names Dwolla’s Milne to 2012 30-under-30 list.
  • Deutsche Card Services and AcceptEmail sign partnership.
  • Bill.com announces its cash mgmt feature that completes the Cash Flow Command and Control System.
  • Programmable Web considers Confident Technologies’ approach to security.
  • Wall Street Survivor launches to the public.
  • Billeo launches ZipThru Pay and ZipThru Buy to make bill payment and shopping even easier.
  • Jingit hires Tom Venable as the company’s Vice President of Revenue.
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 2, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker reports: Prosper markets to small businesses.
  • InComm patents “Value Insert” solution for more effective RFID card products and services.
  • Business Insider rumors that Ashton Kutcher, an Iowa native, participated in Dwolla’s recent round of funding.
  • BOKU announces another partnership: teams with Vindicia for mobile carrier billing.
  • TechCrunch lists Holvi as 1 of 5 startups to watch from Seedcamp’s demo day.
  • Confident Technologies joins McAfee security innovation alliance.
  • miiCard shares its incentive for predictions from the FinovateEurope audience of the top 2012 trends.
  • SigFig wins windows 8 First Apps contest.
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– January 12, 2012

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

  • Netbanker: Is BancVue’s Kasasa to Checking What “Intel Inside” was to PCs?
  • The Financial Brand reports Segmint’s Lifestyle Indicators target financial institutions’ online ads.
  • Ping Identity exceeds $100 million in total sales. Come see its live demo at FinovateEurope Feb. 7.
  • Actiance partners with EarthIntegrate to enable advisors to personalize content via social media channels.
  • ARS Technica describes how Dynamics technology can hinder on-and-offline fraud.
  • VentureBeat reports PayPal reaches $4 billion in mobile payments in 2011, a jump from $750 million in 2010.
  • ZoneAlarm publishes infographic on security concerns with online banking.
  • The Bancorp Bank to issue Suze Orman’s new prepaid debit card.
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.

New Solution From Confident Technologies Uses Mobile Pictures for Additional Security

Last month, Confident Technologies released Two-Factor Mobile Authentication, a

Thumbnail image for ConfidentTech2.jpg

new security solution that is both multi-layered (referring to a second level of security before login) and multi-factor (referring to the use of a second, out-of-band device: the user’s cell phone).
 
How it works
1) Enroll online at your bank.
CTBankLogin3.jpg
2) Select three categories that are meaningful to you. In the example below, food, beverages, and airplanes were chosen.


CTImageShieldChoice.jpg


3) During future website logins requiring multi-factor identification,* the bank 

sends a text message with a link (as shown below) or a push notification through a smartphone app. 
Thumbnail image for IMG_0118.PNG
4) After clicking the link, an image-based challenge appears as a grid of randomly-generated pictures. The user clicks on the three categories previously chosen (in this case food, beverages, and airplanes). 
The pictures and grid locations vary, so it is extremely difficult for a virus to capture the unique authentication code created. 

Thumbnail image for Thumbnail image for IMG_0119.PNG

5) Once the bank receives confirmation that the correct pictures were selected, the online banking session proceeds automatically. 
More secure than text-message solutions
While many banks use multi-factor authentication via text-message for security, there are two risks that still exist:
1) The message can be intercepted using malware.
2) The user’s cell phone could be stolen or “borrowed” providing the thief account access if they know the user’s username/password.
Because the hacker doesn’t know your preselected categories, Confident’s System provides an extra dose of security.
More Information  
__________________________________
* Two-factor identification is often required when logging in from a new IP address, different device, or other unexpected condition.

Alumni News — Week of July 25, 2011

Thumbnail image for AlumNewsIMG.jpg
Clairmail
Clairmail chose Jigsaw’s Data Cloud to help its mobile banking client improve marketing and receive more leads. During vendor trials it saw an increase in productivity, response rates, sales, and marketing effectiveness. Link

Clovr Media 
Boston Business Journal reported that Clovr Media is preparing for the launch of its credit 

Clovr.jpg

card-linked offers at the end of the fourth quarter by hiring 12 new staff members. Link
Confident Technologies
Confident Technologies released a two-factor mobile phone authentication platform that requires the user to memorize images. Because this second factor security is not stored on the user’s device, it mitigates the opportunity for Zeus-in-the-middle attacks. Link
Currensee
The Forbes blog looks at Currensee for social foreign exchange investing, paying special attention to its rapid growth rate. Link
doxo 
The Entrepreneur blog compared doxo’s document storage and online payment system to PayPal, citing that the cost to collect payment is less than half of a typical PayPal transaction. Link
Dynamics
The Pittsburgh Business Times interviewed Jeff Mullen, CEO of Dynamics, Inc on the naming of the company. Link
eToro 
  • The Forbes blog looked at eToro for social foreign exchange investing, paying special attention to its rapid growth rate. Linketoro.jpg
  • The World Finance Awards selected eToro as Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider. Link
Geezeo
Geezeo was selected by The Coca-Cola Family Credit Union to provide a PFM solution and integrated marketing platform. Link
Ideon Financial Solutions
Ideon Financial Solutions was granted a patent for its Choice Savings technology, a system that allows financial institutions to provide their clients with a variety of customizable savings products. Link
Identity Theft 911
Identity Theft 911 partnered with Arabella Protection Insurance Company to offer commercial data breach services like preparedness and response. Link
Intuit 
TechCrunch reported that Intuit launched a QuickBooks mobile app for the Android that 

intuit.jpg

allows small businesses to access their data from QuickBooks Pro, Online, and Premier. Link
Lending Club 
  • American Consumer News provided a comparison guide for borrowers and lenders to Prosper’s and Lending Club’s services. The benefits included high rates of return and flexibility. Link
  • Brian Wong’s Database blog looked at what its like to invest in Lending Club. He presented his opinion on the usability of the service. Link
Metavante 
EverBank, a $7 billion Internet bank, announced that it is seeking to be an early adopter of Metavante’s customer information management product, a product that was built from the Temenos Core Banking Platform, a result of the partnership formed in 2007. Link
mFoundry 
NEFCU added a mobile app for the Android, using mFoundry’s technology to offer account balances, check history, transfers, and bill pay. This is in addition to its existing apps for Blackberry and the iPhone. Link
Micronotes 
1st Advantage Federal Credit Union, a major Virginia credit union, announced that it will use

micronotes.jpg

 Micronotes’ cross-sell engine, KulaX, to improve lead generation. Link
Prosper 
American Consumer News provided a comparison guide for borrowers and lenders to Prosper’s and Lending Club’s services. The benefits included high rates of return and flexibility. Link
Syphr 
Syphr was among 6 out of 90 fintech companies selected by the Fintech Innovation Lab who will present their innovations to Wall Street venture capitalists. Link