Intuit Archives - Page 6 of 12

John O’Malley Takes Helm as New Digital Insight CEO

By David Penn Posted on September 25, 2013
Categories: Digital Insight, Intuit, Intuit Financial Services

Digital Insight announced this week that John O’Malley will serve as the fintech company’s new Chief Executive Officer. The new appointment is effective on November 1st.

O’Malley brings more than 30 years of experience in both financial services and financial technology. He was most recently CEO of Panini, a payment technology company. Previously, O’Malley served as chief executive officer for Memento and Harland Financial Solutions, where he was also President.

Formerly known as Intuit Financial Services, Digital Insight was acquired by Thoma Bravo this summer. Read our coverage of the billion-dollar deal here.

Digital Insight was one of our original alumni, presenting at the first Finovate in 2007. Video of the company’s presentation is available here.

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Finovate Alumni News– September 25, 2013

By Julie Muhn (@julieschicktanz) Posted on September 25, 2013
Categories: Intuit, MasterCard, MiiCard, SafetyPay, SumUp

Intuit integrates QuickBooks with Square’s POS products via an API deal.

Xpenditure selects miiCard certified digital bank statements for expanded and automated expense report verification.

SafetyPay and Paymentez partner to offer Latin American gamers a secure and seamless payment option.

TechCrunch reports: SumUp cuts 2.75% per transaction fee across Europe.

PYMNTS.com talks small business lending with MasterCard and the Entrepreneurial Finance Lab (EFL).

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.

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Intuit Buys Tax Planning/Preparation Specialist GoodApril

By David Penn Posted on August 8, 2013
Categories: GoodApril, Intuit

Founded in January. Launched in March (see their FinovateSpring 2013 demo). Acquired in August.

That pretty much sums up a very productive 2013 for online tax preparation/planning software company, GoodApril.

The company announced on Thursday that it had been acquired by financial services giant, Intuit, for an undisclosed amount. GoodApril had been scheduled to make their pitch at Techstars Boulder/Denver Demo Day when the news broke. Undaunted, the innovative startup made its presentation anyway, a presentation that must have seemed as much acceptance speech as elevator pitch.

GoodApril’s Tax CheckUp solution allows users to anticipate and prepare for potential tax liability in the tax year to come. Headquartered in San Francisco, and having only three employees, the company bills itself as the tax software for “the other 364 days of the year.” Tax Checkup analyzes previous tax returns and makes recommendations over the course of the year to ensure that taxpayers pay only what is owed on Tax Day.

Intuit has already one popular product in the tax preparation software market, TurboTax. However, like most tax preparation software packages, TurboTax is designed to help taxpayers prepare tax returns for previous years. Good April’s forward-looking approach gives taxpayers a chance to make potentially money-saving changes before it’s time to file.

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Finovate Alumni News– August 2, 2013

By Julie Muhn (@julieschicktanz) Posted on August 2, 2013
Categories: BillGuard, Bills.com, Digital Insight, Intuit, Intuit Financial Services, Kofax, LendUp, Lighter Capital, On Deck Capital, TSYS

Netbanker looks at LendUp and BillGuard as 2 innovators creating services to protect the elderly from spam.

Kofax acquires data integration software provider Kapow Technologies.

Startup Owl features Lighter Capital and On Deck. Check out Lighter Capital at FinovateFall in NYC.

Bill.com’s two-factor authentication brings security to SMBs.

Thoma Bravo completes billion-dollar acquisition of Intuit Financial Services, re-launched as Digital Insight.

Net Element International integrates its Aptito POS payments platform with TSYS.

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.

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Finovate Alumni News — July 8, 2013

By David Penn Posted on July 8, 2013
Categories: Intuit, Realty Mogul, Swipely, TSYS

TSYS announces multi-year agreement to bring debit card services to KBC Bank in Ireland.

Inman News’s Real Estate Connect column includes Realty Mogul in its list of companies likely to benefit from passage of the JOBS Act.

Swipely’s Amanda MacArthur talks strategies for serving millennials.

Bank Innovation’s Hornblass takes a close look at Intuit’s decision to sell its IFS unit to Thoma Bravo.

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.

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Intuit Sells Financial Services Arm for $1 Billion

By Julie Muhn (@julieschicktanz) Posted on July 2, 2013
Categories: Intuit, Intuit Financial Services

Intuit, creator of TurboTax and Quickbooks, announced today that it will sell Intuit Financial Services (IFS) to Thoma Bravo, a private equity investing firm.

Thoma Bravo will purchase IFS for $1 billion in cash. The deal includes Intuit’s banking, digital payments and mobile banking platforms. It excludes some assets, including OFX connectivity and Mint.com, which now boasts 5 million users.

Intuit purchased IFS in 2007 (it was then known as Digital Insight) for $1.35 billion. Some analysts have pointed to slow revenue growth as a reason for the sale. According to Reuters:

“IFS, which provides banking software to financial institutions, reported a revenue growth of 9 percent for the quarter ended April. In contrast, revenue at Intuit’s small business unit rose 17 percent and that at its consumer tax division increased 14 percent.”

Intuit demoed at Finovate 2009. Mint.com debuted at the very first Finovate in 2007 before it was aquired by Intuit. It last demoed at FinovateSpring 2013 in San Francisco.

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Finovate Alumni News– June 24, 2013

By Julie Muhn (@julieschicktanz) Posted on June 24, 2013
Categories: Acculynk, Andera, Capital Access Network, Cartera Commerce, Currensee, Entrepreneurial Finance Lab, GoodApril, Intuit, Keynote DeviceAnywhere, Manilla, Realty Mogul, Tagit, TIBCO Software, Zighra, Zooz

Capital Access Network named one of the top financial services companies of the year at the 11th Annual American Business Awards.

American Banker looks to Zigrhra, GoodApril, Realty Mogul, Entrepreneurial Finance Lab for innovation.

Lead411 names Cartera Commerce to Hottest Companies in Boston list.

TIBCO and Western Union partner to leverage Big Data to anticipate consumer trends and customize customer engagement.

Banking2020.com interviews Andera and Intuit on the branch of the future.

Tagit to expand in the Philippines by offering mobile-banking application software to banks.

Manilla adds email integration feature to personal finance platform.

Acculynk announces RuPay debit cardholders in India can make online purchases using the card.

Keynote DeviceAnywhere to be acquired by private equity investment firm, Thoma Bravo in a $395 million, all-cash, deal.

Adotas column on mobile commerce for SMBs takes a look at Zooz.

NordFX and Currensee launch partnership as former joins Trade Leaders Investment 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.

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Finovate Alumni News– June 20, 2013

By Julie Muhn (@julieschicktanz) Posted on June 20, 2013
Categories: Andera, Better ATM Services, Bill.com, Check, Geezeo, Intuit, Lending Club, Prosper, SafetyPay, Wallaby Financial

Titan Bank and Congressional Bank now buying loans through the Lending Club platform.

Nexonia integrates its expense reports solution with Bill.com.

Mexican Airline Volaris adds SafetyPay to payment method options.

Prosper reduces maximum loan percentage to 50% for investors in any one loan.

Geezeo signs Corporate America Family Credit Union.

Andera’s oFlows platform will be the new account opening technology for Intuit’s financial institution clients.

Check (formerly Pageonce) announces expedited payments.

Consumer Reports takes a look at the growth of Better ATM Services.

Wallaby releases version 2.0 for iPhone with new interface, Foursquare integration.

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.

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Finovate Alumni News– June 18, 2013

By Julie Muhn (@julieschicktanz) Posted on June 18, 2013
Categories: Currensee, Entrepreneurial Finance Lab, EyeVerify, ID Analytics, Intuit, Q2ebanking, Realty Mogul, SecureKey, ShopKeep POS, SimpleTuition, TransferWise, VoiceTrust

ID Analytics and IdentityMind partner to reduce online fraud and stop merchant account creation fraud.

SimpleTuition adds 10 U.S. colleges as partners.

United Texas Bank selects Q2ebanking platform to accelerate unified virtual banking for anytime anywhere access.

SecureKey and Intel beef up authentication for MasterPass.

ShopKeep POS grows To 6.5K+ merchants.

Fairwinds Credit Union chooses Intuit for digital banking.

Realty Mogul and Entrepreneurial Finance Lab selected as 2 of 5 SWIFT Innotribe finalists of Startup Challenge New York.

Bank Innovation features how Entrepreneurial Finance Lab and VoiceTrust can combine psychographics and biometrics to revolutionize financial services.

ForexSmash reviews Currensee Social Trader.

Kansas City Business Journal profiles EyeVerify founder and CEO Toby Rush.

GigaOM Pro Blog takes a look at TransferWise through the lens of traditional Hawala informal money transfer networks.

My Money Blog reviews Realty Mogul and the concept of fractional investment property ownership.

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.

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FinovateSpring 2013 in the Press

By Julie Muhn (@julieschicktanz) Posted on May 20, 2013
Categories: Banno, Expensify, EyeVerify, FamZoo, FinovateSpring 2013, Finovera, GoBank, IntelliResponse, Intuit, invoiceASAP, Kabbage, LendUp, Micronotes, Plastyc, Prestadero, Quantopian, Refundo, TipRanks, Zooz

Last week’s FinovateSpring 2013 received great coverage through blogs, tweets and articles. Here are the highlights:

Full conference live blogs

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Three contributors risked carpel tunnel to cover all 72 demos. Thanks to Erin McCune and William Mills III and Phillip Ryan for going the extra mile!

Bank Innovation
by Phillip Ryan
FinovateSpring recap and ratings
Day one morning recap
Day one afternoon recap
Day two morning recap
Day two afternoon recap

PaymentsViews

Live Blogging Finovate Spring 2013 San Francisco

by Erin McCune