Finovate Alumni News– June 2, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTop Image Systems partners with K2 to blend capture and mobile imaging technology with BPM.
  • On Deck reports $3.4 billion, $22K job impact on economy courtesy of its small business lending platform.
  • Eurasian Bank to deploy mobile banking technology developed by Monitise Create.
  • MasterCard launches MasterPass in Singapore.
  • Forbes features Xero, looks at why it will keep growing.
  • Finextra considers how The FCA plans to foster UK fintech innovation companies like Monitise, TransferWise, and Nutmeg
  • Apple opens TouchID to third parties,
    shows TouchID login example using Mint app in iOS 8 demo.

  • Dashlane reaches two million users milestone.

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.

Dashlane Raises $22 Million; Announces 2 Million Users; $1 Billion in Transactions Enabled

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Starting the week’s fintech news with a bang is password management innovator, Dashlane. The company, which was recently highlighted by the Wall Street Journal’s Personal Technology column as “the best way to manage online passwords,” announced that it had raised $22 million in funding.

The major infusion of capital represents the company’s biggest single investment to date, and takes the company’s total funding to $30 million.

For the most part, the new investment comes courtesy of a new investor, Bessemer Venture Partners, who led the Series B round along with current investors, FirstMark Capital, Rho Ventures, and Dashlane co-founder Bernard Liautaud. Dashlane reportedly will use the capital to bring on more talent and to explore other product possibilities related to identity management and payments, as well as to assist in expansion into both Latin America and Asia.
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Available on both PC and Mac, as well as on iOS and Android, Dashlane’s technology is renowned for its ability to help consumers store and manage passwords. Additionally, Dashlane also enables secure storage of credit card and ID information, provides automatic password generation, tools to test password strength, smart autofill, and alerts to let users know of possible security breaches to their online accounts.
Said Emmanuel Schalit, Dashlane CEO:
“Hundreds of millions of web users still manually register, login, and checkout on desktops and mobile devices, and leave themselves vulnerable to online security threats in the process. Dashlane elegantly solves this problem for consumers.”
As noted in Mashable’s report of the Dashlane funding, the company saw a surge of interest in its soutions shortly after the panic over the Heartbleed bug broke out earlier this year. Emmanuel said that although there was a spike in interest (and one that has “died down”), the company continues its rapid growth.
And as a testament to this growth, Dashlane also has announced that it has surpassed 2 million users of its platform, enabling more than $1 billion in transactions.
Founded in 2009 and based in New York City, Dashlane demoed the instant login and checkout features of its technology at FinovateFall 2012. See a video of the company’s presentation here.

Finovate Alumni News– May 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGeezeo announces HTML5-inspired redesign of mobile PFM app.
  • Dashlane raises $22 million; announces 2 million users, $1 billion in transactions enabled.
  • Raymond James Bank N.A. chooses Fiserv for extensive enterprise banking.
  • MasterCard to acquire Indian payments processor, ElectraCard Services, for undisclosed amount.
  • Kony releases new Mobile Backend-as-a-Service
    (MBaaS)
    to reduce the cost and complexity of building enterprise mobile apps.

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 7, 2014

  • Finovate-F-Logo.jpgiFactor and Striata partner to offer robust push ebill solution to utilities.
  • Kingdom Trust and Bancbox partner to streamline the crowdfunding and P2P lending platform experience for the IRA investor.
  • Alternative lending pays up: Kabbage raises $50 million, Prosper pulls in $70 million.
  • Actiance extends Socialite to include Google+ & YouTube.
  • VentureBeat looks at the rise of P2P lending of many Finovate alums and predicts $1 trillion in loans by 2025.
  • App Annie now lets app developers track ads, app store optimization.
  • TradeHero launches a Chinese version, bringing the stock market game to traders in China.
  • Lend Academy speculates Prosper now valued $600 million, up from a $100 million valuation around eight months ago.
  • Personal Capital reaches 500,000+ registered users. Now is tracking over $70+ billion in & is managing $500 million in assets for clients.
  • Credit Sesame offers Target customers free ID protection, credit monitoring and credit scores without deadlines.
  • Jack Henry Banking’s Core Director processing platform deployed by Oklahoma State Bank and The Bank of Clovis in New Mexico.
  • BBVA Compass teams up with On Deck Capital to better score small business borrowers.
  • WSJ Personal Technology column recommends Dashlane as the “best way to manage online passwords.
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 14, 2014

  • Finovate-F-Logo.jpgPYMNTS looks at how Ripple hopes to build a global payments network.
  • Android Headlines reviews TradeHero.
  • FIS acquires CMSI, provider of consumer loan origination and portfolio management software.
  • CNBC’s Squawk on the Street interviews Dashlane CEO Emmanuel Schalit on Heartbleed.
  • SeedInvest raises $2 million in crowd funded investment campaign.
  • Ignite Sales wins 2014 Monarch Award for its Profitability Dashboard for OmniChannel Measurement.
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 23, 2013

  • Thumbnail image for Finovate-F-Logo.jpgCaixaBank taps Oracle for strategic Big Data project.
  • Boku announces partnership with SingTel to bring carrier billing-based mobile payments to Singapore.
  • Forbes profiles Ping Identity and its CEO Andre Durand.
  • The Sunday Times features peer-to-peer lender, Zopa.
  • Mobiliti from Fiserv named Top Customizable Solution in Javelin Strategy & Research Annual Mobile Banking Vendor Scorecard.
  • Fiserv’s Mobiliti platform received 4 Best in Class distinctions in CEB TowerGroup global mobile technology analysis.
  • Dashlane speaks Spanish, supports IE11, and more.
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 20, 2013

  • Kabbage launches iPhone app out of test market.
  • PC Mag includes Dashlane on list of the 50 best free iPhone apps of 2013.
  • Financeit brings in $13 million in series A funding.
  • TSYS Director of Innovation Chris Colson talks about the launch of their Idea Center.
  • Intuit launches Apps.com, a small business app store, and an updated QuickBooks Online API.
  • FIS to power Bharatiya Mahila Bank Ltd., the first women-focused public sector bank in India.
  • Fiserv wins top honors at Mobile Money Global and Mobile Excellence Awards with Popmoney P2P payments service.
  • TechCrunch reports that Google Wallet customers will soon have the option of physical, prepaid Wallet cards.
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– September 13, 2013

  • FinovateLOGO.jpgTradeKing wins FINRA approval for acquisition of GAIN Securities.
  • Numbrs AG earns $3.8M in funding from parent Centralway.
  • Interactions, LearnVest, mBank & Accenture, Mitek, Money Desktop, Motif Investing, TipRanks, and Yodlee pick up Best of Show awards at FinovateFall 2013.
  • InComm, in partnership with CVS/pharmacy wins Best Third-Party Card Retailer Award.
  • Standard Distributing and Other Side Produce select eDeposit as their web and mobile payment solution.
  • Emida launches new smartphone POS app, available worldwide.
  • IDology launches ExpectID Global, an international expansion of its solution.
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.

Dashlane, Narrative Science Graduate from Fintech Innovation Labs

A pair of Finovate alumni were among the companies to graduate from the Fintech Innovations Labs this summer: Dashlane and Narrative Science.

The FinTech Innovation Labs are a two-month long mentoring program developed by the Partnership Fund for New York City and Accenture. The program ends with a “Demo Day” presentation that gives participating companies the opportunity to show their technologies to financial industry decision-makers. More than 100 companies applied to this year’s program, of which six were selected. Read more about the Innovation Labs in our coverage here.

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Dashlane is the developer of a password management and digital wallet technology that provides instant checkout, login, and form-filling for consumers on any website. The technology is also device-agnostic, and works without any need for integration or setup on the part of the merchant or website. Read our review of the latest version of Dashlane (Dashlane 2.0) here.

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Narrative Science came with Quill, its artificial intelligence engine that turns reams of data into readable English text. The finished product is designed to be virtually indistinguishable from human-generated copy and is produced in significantly less time. 
Quill is currently being piloted by several banks according to Narrative Science’s CTO. We recently wrote about the company’s partnership and technology development agreement with In-Q-Tel.
FinTech Innovation Labs began in 2010, and have the support of financial services companies ranging from American Express to UBS. Also among the program’s supporters are venture capital firms such as Bain Capital Ventures and Warburg Pincus. A similar event is held in London and, this year, also included Finovate alumni among the companies winning spots in the program. Read more about the Fintech Innovation Labs in London here.
Dashlane demoed their technology as part of the FinovateEurope 2013 show back in February. See its presentation here. Narrative Science presented Quill during the FinovateSpring 2013 show in May. See Quill in action here.

Finovate Alumni News– July 11, 2013

  • Finovate-F-Logo.jpgNetbanker walks through Moven’s invite and application process.
  • SumUp to participate in the Visa Ready program to prepare their mobile acceptance software and hardware tested and approved for use by Visa.
  • Linkable Networks partners with 4INFO, a mobile ad tech company, to provide consumers with access to card-linked offers via mobile devices.
  • Metaforic releases Metaforic WhiteBox, a secure cryptography solution for Mobile Financial, Conditional Access, BYOD and Embedded Communications and payments.
  • Merchant Customer Exchange chooses FIS to power real-time, mobile commerce payment network.
  • Finovate alum Braintree highlighted in coverage of MobileBeat 2013.
  • Financial Post takes a look at “do-it-yourself hedge fund site” Quantopian.
  • Allied Payment Network and Malauzai Software team up to provide PicturePay as stand-alone mobile bill pay solution.
  • Dashlane and Narrative Science graduate from FinTech Innovation Lab after participating in “Demo Day”.
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 6, 2013

  • FinovateLOGO.jpgCentral Intelligence Agency takes an actionable interest in Narrative Science.
  • IT operations management company Boundary touts its relationship with CurrencyFair.
  • Backbase CEO and co-founder Jouk Pleiter warns that bank customers are “no longer content to do the groundwork.”
  • Mercator Advisory Group analyst takes a look at TSYS’s proposed acquisition of NetSpend.
  • Mitek, LendUp, & Fuze Network dubbed runners up in 3rd Annual Core Innovators Mega Challenge.
  • TIO Networks announces strategic relationship with Aio Wireless.
  • Stockr wins Vator Splash LA startup competition, crowned most exciting company.
  • BankersLab launches Bank-it: Credit Edition.
  • Personal Capital to establish a Denver office and hire 100 financial advisers.
  • Business Insider interviews Braintree CEO, Bill Ready.

<div 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.