Finovate Alumni News

On Finovate.com

  • MoneyHub Secures Investment from Nationwide.
  • Lighter Capital Increases Funding Limit to $3 Million.
  • Prosper Plans HELOC Product Launch in 2019.
  • Nvstr Brings Brokerage Optimized Investing to the Masses.

Around the web

  • Kasasa partners with rateGenius to offer Kasasa Loans on behalf of Kasasa’s community financial institution network.
  • Infosys to open technology and innovation hub in Texas and hire 500 American workers by 2020.
  • Xero announces new integrations with Tide, Starling Bank, TransferWise, Revolut, and Soldo.
  • Javelin names OneSpan ‘Best in Class’ provider, honoring it with the 2018 Mobile Biometrics Platform Award.
  • Emailage announces Tom Miller as new Chief Revenue Officer.
  • Quovo becomes the first U.S.-based financial data provider granted registration in the Open Banking Directory.
  • Javelin Strategy & Research names Daon a 2018 Mobile Biometrics Platform Awards Leader in the Functional category.

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.

CUneXus Teams with Kasasa

Lending automation platform CUneXus announced that community banking marketing provider Kasasa has integrated with its cplXpress offering.

Under the agreement, banks can leverage CUneXus’ technology to generate and extend approved offers for multiple loan types, including the Kasasa Loan, which enables borrowers to pay off their loan ahead of time and take back a portion of the funds they’ve paid off if they need it. CUneXus’ cplXpress will allow eligible borrowers to instantly access their Kasasa Loan.

“Our goal is to enable lenders to deliver the simple, personalized, mobile-friendly experience consumers expect,” said Dave Buerger, CEO of CUneXus. “With cplXpress, lenders can let their customers shop, borrow and buy in just seconds–speeding up the process and creating a superior customer experience. We’re extending this service to now include Kasasa Loans, allowing financial institutions to expand their loan options and offer something unique.”

Kasasa showed off its new loan product at FinovateSpring earlier this year. The demo won Best of Show honors. Describing Kasasa Loans, Gabe Krajicek, CEO of Kasasa said, “Designed to meet consumers’ wants and needs, it puts the customer in control.” He added, “By partnering with CUneXus, we’re elevating that experience and providing community financial institutions with an even greater competitive edge. Not only can they talk to consumers about something completely unique – a loan with take-backs – but they can offer a more convenient shopping experience overall through cplXpress.

CUneXus also most recently demoed at FinovateSpring 2018, where Buerger showcased the newest version of cplXpress that offers a more friendly user interface and more scalable SaaS format. Earlier this year, the company was awarded Gold in the Electronic Marketing Category of the MAC Awards. Founded in 2011, CUneXus is headquartered in California.

Kasasa, which was honored on the 2018 IDC Financial Insights FinTech Rankings last month, recently unveiled a new compliance tool, RegGen. The company was founded in 2004 and is headquartered in Texas.

Finovate Alumni News

Around the web

  • Revolut seeks banking license in Luxembourg to ensure post-Brexit access to European markets.
  • Crypterium earns listing on KuCoin cryptocurrency exchange. See Crypterium at FinovateFall in New York this week.
  • Klarna teams up with U.K. fashion brand In The Style.
  • Pushfor founder and CEO John Safa talks cybersecurity on KRLA LA radio.
  • Braintri awarded the Polish Innovation Award 2018 for its creation of Jiffee, a bluetooth-based mobile payment and loyalty technology, and Biffee, a core banking system offloading engine.
  • Kasasa named to 2018 IDC Financial Insights FinTech Rankings.

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.

Kasasa Unveils New Compliance Solution, RegGen

The company that began the year offering the only loans with take-backs is now entering the regtech space with its latest compliance tool, RegGen. The solution from multiple Best of Show winner Kasasa enables banks and credit unions to easily create the account holder disclosures and marketing disclaimers that are a required component of the firm’s checking and savings accounts.

All FIs need to do to create the necessary language is respond to a set of simple, set-up questions (nine for marketing products, two for account holder disclosures). Those responses are stored by RegGen and automatically added to the FIs’ disclosure and marketing statements. Banks can use their FIRSTBase credentials to access and download Kasasa’s reference manual which includes instructional videos on how banks can make the most of RegGen’s features.

Calling the current compliance drafting process “research-intensive, time-consuming and expensive” for many FIs, Kasasa CEO Gabe Krajicek said. “With RegGen, our clients’ marketing and compliance professionals have compliance at their fingertips. Now they can create, edit and customize disclosures and disclaimers in minutes rather than hours.”

In its statement, the company also noted that RegGen provides “responsible guidance” but does not replace the guidance from a compliance officer or consultant, or from legal counsel.

Founded in 2005, Kasasa demonstrated its Kasasa Loans product at FinovateSpring 2018, winning its fourth Best of Show award. Earlier this month, the company announced that its Free Kasasa Cash Rewards Checking product was live with Michigan-based Chief Financial Credit Union. Last month, the Austin, Texas-based company announced that its MoneyIsland financial education game (for which Kasasa won Best of Show in 2011) helped ESB Financial to win Honorable Mention at the 2018 National Community Bank Service Awards. And this spring, Kasasa partnered with fellow Finovate alum MicroStrategy, integrating its product research and marketing tools into Kasasa’s business intelligence platform, Insight.

Finovate Alumni News

On Finovate.com

  • Chain Rebrands to Interstellar Following Acquisition.
  • Kasasa Unveils New Compliance Solution, RegGen.

Around the web

  • GreenKey and IPC add new co-development agreement to their partnership.
  • TransferWise announces its second profitable year amid annual revenue growth of more than 75%.
  • Praxia Bank of Greece to leverage TemenosT24 core banking system to support its SME lending business.
  • TechCrunch: LendingTree is the secret success story of fintech.
  • Zopa listed for 5th consecutive year in The Sunday Times Tech Track 100.

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

On Finovate.com

  • Onfido to Enhance New Customer Onboarding for Volopa. See Onfido at FinovateFall in New York, September 24-26.

Around the web

  • bpm’online recognized by CRM Magazine Market Awards 2018 in three categories: Midmarket CRM Suite, Sales Force Automation, and Enterprise CRM Suite.
  • Australian challenger bank Judo Capital to deploy Temenos’ T24 core banking system.
  • Fintech Futures interviews Serena Smith, international payments executive at FIS.
  • PayPal tops 250 million active account milestone.
  • Sai Sundaram, former COO of UBS ODC India, joins FixNix’s advisory board.
  • Smart Valor officially accepted as a financial intermediary.
  • PayPal’s Xoom partners with OXXO to add more than 17,000 new cash pickup locations in Mexico.
  • Kasasa‘s Free Kasasa Cash Rewards Checking offering goes live with Chief Financial Credit Union.

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

On Finovate.com

  • Xero Learn Sets Stage for Next Generation of Number Crunchers.
  • SynapseFI Raises $17 Million in New Funding.

Around the web

  • iSignthis acquires core banking platform software business.
  • HooYu teams up with U.K. casino operator, Bear Group.
  • United Bank of Egypt leverages technology from Finastra to upgrade its core banking infrastructure.
  • Ripple and TransferGo partner on real-time, blockchain-enabled remittances.
  • Striata inks partnership with UK-based customer communications specialist Communisis.
  • Experian to launch comparison service feature that gives consumers the real rate charged when applying for a credit card.
  • Tibco has started a research lab to develop new products and services in emerging areas such as blockchain, machine learning, artificial intelligence (AI) and the internet of things (IoT).
  • BeSmartee integrates with Fannie Mae’s Desktop Underwriter to Accelerate Mortgage Process.
  • Kasasa names Amy Gililland Chief Financial Officer.

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.

Kasasa’s MoneyIsland Helps Community Bank Earn ICBA Honors

ESB Financial, a fourth-generation, family-owned community bank based in Kansas, won Honorable Mention recognition at the 2018 National Community Bank Service Awards sponsored by the Independent Community Bankers of America (ICBA). The community bank earned plaudits for its deployment of MoneyIsland, an online game developed by multiple-time Best of Show winner Kasasa that helps teach children the importance of money management.

“It’s never too early to promote good money management habits,” ESB Financial CEO James Wayman said. “Our MoneyIsland game from Kasasa was designed with kids in mind and is an innovative approach to exploring financial concepts that will serve them well throughout their lives.”

The importance of learning healthy financial habits can be challenging enough for adults. But when it comes to youngsters, gamification can play an especially helpful role. “We believe it can be fun,” Kasasa CEO Gabe Krajicek said. “This is why we created MoneyIsland. It’s a great way to teach kids about budgeting, taxes, and credit in a fun and exciting way.”

MoneyIsland combines an online experience with an offline curriculum that focuses on three areas: Saving and Spending, Sharing and Investing, and Using Credit Wisely. Children playing the game learn about important money management concepts and improve their math skills as they play MoneyIsland, which is based on traveling to popular (and imagined) destinations around the world to save down-on-his-financial-luck character, Stone Broke. The game won Kasasa (demoing as BancVue) Best of Show honors at FinovateSpring 2011.

Calling the game a “huge value for financial institutions,” Krajicek added that other community FIs and credit unions should “follow in ESB Financial’s footsteps” when it comes to providing innovative ways to reach out to their customers. He added, “Consumers want to work with institutions that demonstrate a commitment to financial literacy and this game is an ideal way to do so while also providing a means to more deeply engage with customers.”

Kasasa demonstrated its Kasasa Loans solution at FinovateSpring 2018, winning Best of Show. The Austin, Texas-based fintech was founded in 2004 and has more than 800 community financial institution clients. With more than $2 billion in rewards paid out to consumers, and more than $900 million in non-interest income generated for Kasasa clients, the company partnered with MicroStrategy in April, and teamed up with MeridianLink in March.

Finovate Alumni News

On Finovate.com

  • CoverHound to Help Intelligent Customers to Shop Around for Renter’s Insurance.
  • AlphaPoint to Power DCEX, an XRP-Based Currency Exchange.
  • ebankIT to Power Digital Banking for Coast Capital.

Around the web

  • Fiserv forges strategic alliance with cybersecurity firm, BlueVoyant.
  • mBank and Commerzbank to launch pan-European challenger bank.
  • Gartner recognizes i-exceed as a “Niche Player” in its Magic Quadrant for Mobile Application Development Platforms (MADP).
  • Finance Magnates features a profile on the Ledger Nano S hardware wallet.
  • Caja Sullana leverages credit scoring from LenddoEFL to provide young entrepreneurs access to credit.
  • Insuritas to launch a member owned insurance agency for America’s Credit Union and its 47,000 members.
  • NIIT Technologies recognized as ‘Star Performer’ on the 2018 Everest Group PEAK Matrix Insurance Application Services.
  • Glassdoor ranks Kasasa CEO Gabe Krajicek 45th in the Top 50 CEOs at Small and Medium Companies in the United States.

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 Favorites: A Baker’s Dozen of Best of Show Winners

Which fintech companies have continued to impress Finovate audiences over the years? The return of Kasasa to FinovateSpring last month, winning its fourth Best of Show award in the process, got a few of us thinking that it was a good time to take a look at which companies have been selected as fan favorites most frequently after demoing their latest technologies live on stage.

We’ve highlighted companies that have been especially popular at certain conferences, such as FinovateAsia and FinovateSpring before. Here is our compendium of the top Best of Show vote-getters to date for all shows combined (minimum of three wins).

The Big Three

The three companies that have won the most Best of Show awards from Finovate audiences reflect three different themes in fintech over the years: the allure of social investing (eToro), the rise of data analytics in banking (MX, formerly Money Desktop), and the persistence of the payment card (Dynamics). What is especially impressive about all three companies in our Best of Show Big Three is their ability to innovate over time. Each alum won their first Best of Show award between 2010 and 2012 and won their most recent Best of Show award between 2016 and 2018.

Dynamics (8) Founded in 2007. Headquartered in Pittsburgh, Pennsylvania. Jeff Mullen is CEO.

MX / Money Desktop (6) Founded in 2010. Headquartered in Lehi, Utah. Ryan Caldwell is CEO.

eToro (6) Founded in 2007. Headquartered in Tel Aviv, Israel and London, U.K. Yoni Assia is CEO.

The Super Six

Of our Super Six – the six companies to have won Best of Show awards four times – what is most interesting is also the way many of them have been proven innovators over a time of major change in fintech. Companies like Kasasa (formerly BancVue) and Yodlee (now Envestnet | Yodlee) made their big splash back in the earliest days of Finovate and, with recent Best of Show wins in 2018 and 2017, respectively, shown that they are still among fintech’s most inspiring solution providers.

Backbase – 4

Kasasa / BancVue – 4

Meniga – 4

oFlows – 4

SaleMove – 4

Yodlee (including Envestnet | Yodlee) – 4

The Fantastic Four

Two of the companies in our Fantastic Four companies that have won Best of Show awards three times have since been acquired. LearnVest, a three-time Best of Show winner from 2011-2013, was acquired by Northwestern Mutual for more than $250 million in 2015. EyeVerify, which won Best of Show awards on three different continents, was acquired by Ant Financial in 2016. The company now operates as ZOLOZ, and is focused on providing digital identity solutions for the underbanked in Asia.

BehavioSec – 3

EyeVerify (now “ZOLOZ”) – 3

LearnVest – 3

mBank – 3

Note: FA: FinovateAsia, FE: FinovateEurope, FF: FinovateFall, FS: FinovateSpring. Audience favorite awards from FinDEVr not included.