FinovateSpring 2012 in the Press

Here’s a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune’s live blog on PaymentsViews, which covers all 63 presenting companies:


2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee

BillGuard Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Cardlytics Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Concur Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Flint Mobile Demo @ Finovate Spring 2012 Conference (Day 2)
by Bobby Lee
Mitek Systems Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
TIO Networks Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
WattzOn Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Bank Innovation
5 Finovate Demo-ers’ News Catching Our Eye
by Mary Wisniewski

4 More Finovate Products We Like
by Mary Wisniewski

Bank Technology News
Best of Finovate Spring Day 1
by Penny Crosman
Best of Finovate Spring Day 2
by Penny Crosman

Dwolla Pitches Fast Fund Transfers, but Bank Participation is Vital
by Sean Sposito
Edo to Harness Payment Data to Spur Consumer Spending
by Victoria Finkle

WattzOn Helps Banks Help Customers Save on Energy Bills
by Sean Sposito

BankersLab Blog
CreditLab Launch: Reactions and Responses

Finovate, Simple, and Re-Imagining Banking Applications
by Bradley Leimer
Live at FinovateSpring 2012- day 1
by Jelmer de Jong
Live at FinovateSpring 2012- day 2
by Jelmer de Jong

CoverHound Debuts Comparison Tool for Auto Insurance 
by Cheronne Thurab 

Business Insider
Finally, a Mobile App That Helps You Save Money: Meet Urge
by Willy Staley

What Does $4.6 Billion in Coupon Savings Have to Do with Savvy Consumers?
by Andre Bourque

C’est pas mon idée!
FinovateSpring 2012: quoi de neuf?
by Patrice Bernard

Currency Marketing Blog
Four Conference in Four Days
by Tim McAlpine

Credit Union Times
MoneyDesktop Named Best of Show at FinovateSpring Conference
by Natasha Chilingerian

Daily Disruption
Flint Mobile Announces Beta Launch at Finovate and Closes $3 Million Round of Financing
by Tim Rygh

The Daily Guardian (BillGuard’s blog)
Financial Community Awards BillGuard Best Of Show at Finovate
by Maryanne

DCisions Blog
DCisions at Finovate Spring 2012
by Kritika Ashok

Des Moines Register 
Dwolla offers software for free
by Adam Belz

Des Moines Register Blog
Dwolla, Social Money earn praise at national banking conference
by Marco Santana

Kuspit, el primer Finovate mexicano
by Alicia Salgado

Experian Blog
Business IQ Express… what is the media saying?
by Roslyn Whitehurst 

FamZoo Blog
Finovate Winners
by Bill Dwight

Flint taps phone cameras for card payments
SoMoLend closes $1.17 million seed round

Forrester Blog
Finovate Spring 2012: Digital Financial Services Innovation
by Tiffani Montez

FP Pad
[Video Spotlight] inStream Solutions CEO Alex Murguia at FinovateSpring 2012
by Bill Winterberg
[Video Spotlight] iQuantifi CEO Tom White at FinovateSpring 2012
by Bill Winterberg
[Video Spotlight] Sarah Carter of Actiance at FinovateSpring 2012
by Bill Winterberg

Accelerating Innovation at Finovate 2012
by Hans Eisenbeis
Investment News
Personal Capital launches iPhone app
by Davis Janowski
Lazy Man and Money
What’s Hot and What’s Not from Finovate 2012
Mercury News
Money Goes Mobile 
Montreal Gazette
Montreal’s Wall Street Survivor teaches about investing
by Jason Magder
Can FinTech Stop You from ‘Showrooming?’
by Willy Staley
MoneyDesktop: How Personalized Deals Shine in PFM Tools
by Simon Zhen
Save Your Wallet, and Maybe the Planet, with WattzOn
by by Willy Staley
On Deck Capital Blog
Photo Journal: Our Finovate Demo
Highlights from Finovate Spring 2012 San Francisco 
Live Blogging Finovate Spring 2012 San Francisco
by Erin McCune
The Paypers
ZipZap rolls out CashCade payment service
PaySimple Blog
PaySimple at Finovate
by Sarah Jordan
PC World
New Web Apps and Services for Business
by Yardena Arar
Finovate Best in Show
by Aliisa Rosenthal
BehavioSec voted ‘Best of Show’ for biometric solution by audience at Finovate Spring, San Francisco
Silicon Prairie News
With upgraded FiSync, Dwolla cuts 3-5 day wait to real-time
by Michael Stacy
Silver Tail Systems Blog
Finovate Spring Demonstrates a Growing Richness in Online Interactions
by Laura Mather
Social Lending Network
Roundup of Social Lending News – May 12, 2012
by Peter Renton
Capital One Snags Mobile Savings Startup BankOns, Team Moving To Capital One Labs
by Sarah Perez
Flint: A New Mobile Payment App For Small Businesses Picks Up $3M From Storm, True Ventures
by Ingrid Lunden
How Personal Capital Wants To Bring Money Management Into The Internet Age [TCTV]
by Colleen Taylor
Nearing The 1M User Mark, Expensify Adds ‘Trips’ Feature To Mobile Apps
by Colleen Taylor
The Anti-Groupon? Edo Launches Real-Time Local Offers Platform, Tied To Your Bank Card For Instant Credits
by Sarah Perez
List Of Winners Of Top Fintech Conference, Finovate
by Zack Miller
World News (
Instream Solutions Ceo Alex Murguia At Finovatespring 2012

Kuspit Teaches Users the Fundamentals of Investing

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Wrapping up the first session, Kuspit took the stage to demonstrate its platform:
“The fundamental concept we need to understand as retail investors is risk. Most financial intermediaries focus on explaining return to their customers, which is only a consequence of the financial risks we are willing to take.
Kuspit offers a strong visual emphasis on the relationship between risk and return, a community where investors can follow each other to gain perspective, and tools for learning and managing risk in an investment framework.
Learning is a cornerstone in Kuspit’s offering: each investor needs to learn about each financial product before having the ability to invest in such a product.”
Product Launched: 3Q, 2012
HQ Location: Mexico City, Mexico
Company Founded: March 2010
Introducing Rodrigo Ocejo (Founder and CEO)


FinovateSpring 2012 Sneak Peek: Part 2

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Here’s part 2 of the sneak peek of the companies that will demoing at FinovateSpring May 8 and 9 in San Francisco. Each company provided a short summary of the innovation they will debut on stage. We published 23 last week and we will complete the preview next week.
Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateSpring ticket here.

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InvestorBee puts data at consumers’ fingertips so they can make smart, confident investments.
  • It’s fact, not opinion. Users can tap into the database to learn from the experiences of nearly 1.5 million investors.
  • It’s an investment health check. Users can compare their portfolios and multi-asset products with fact-based, relevant benchmarks to understand whether they receive fair value.
  • It’s simple investing without guesswork. Users can choose an objective risk-based strategy to track that’s right for them in a few easy steps.
Users extract wisdom from the crowd to make better, simpler investment decisions – all for free at InvestorBee.
Innovation type: Investing, marketing, PFM


iQuantifi takes you way beyond budgeting! It helps you reach all your financial goals and tells you exactly how you can do it. No estimates. No calculators. Just solid advice and the power to do it all online.
Innovation type: Banking products, investing, PFM
Historically, investing in securities has been 
a difficult proposition for retail investors, 

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mainly due to the lack of access to competitive products and the absence of user-friendly financial education tools.
This problem is exacerbated in emerging markets, where financial markets tend to be less developed.
Kuspit offers retail investors an online platform to learn about investing, apply what they’ve learned, and invest in the same platform. All of this is available in an easy and progressive manner, while sharing ideas with the community.
Innovation type: Investing, online, PFM

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The current infrastructure to deliver capital to Main Street businesses is broken. It’s simply too expensive for banks to manually analyze and underwrite a small loan – whether it is $10,000 or $100,000. As a result, banks make fewer loans, and creditworthy small businesses are denied the capital they need to grow. 
On Deck has created an efficient, effective and proven solution to this fundamental problem. By leveraging new digital sources of data, any institution can increase its small business lending through the On Deck platform, delivering funding decisions in minutes rather than weeks.
Innovation type: Lending, payments, small business


PaySimple is launching an innovative platform for banks to set up their own private-labeled version of cloud-based receivables automation. With this platform, banks of all sizes can easily bring to market a sticky value-added offering to attract and retain small business members, while adding a new revenue stream. 
PaySimple will demonstrate how banks can set up custom-branded software in a few simple steps and how small businesses can immediately benefit from a system that combines payment acceptance across channels integrated with customer management.
Innovation type: Online, payments, small business


Portfolio Football is a first-of-a-kind application that addresses the need for financial planning and literacy through gamification. Portfolio Football plays on the popularity of American Football and the adoption of fantasy sports into the lives millions. It makes financial management competitive, fun and easy to understand, while providing users with a powerful tool for personal finance and portfolio management. It’s a true “game changer.”
Innovation type: Investing, Online, PFM

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With 80% of Americans between the ages 20-40 now using social media and playing social games, how can financial institutions reach their customers in new ways?
Introducing SaveUp – an innovative program that uses game mechanics to reward good financial behavior. When users save money and reduce debt, they earn credits to play for prizes like cars, travel, and cash up to $2 million.
Financial institutions can use a customized SaveUp experience to help their customers make better financial decisions, increase engagement, and cross-sell products. Current FI partner campaigns have conversion rates of up to 44%.
Build a deeper relationship with your customers while helping them succeed.
Innovation type: Marketing, rewards

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SoMoLend makes investing in your online community simple, affordable, and social. SoMo is an online platform that uses patent-pending lending technology executed within a hyper-localized geographic scope to connect small business borrowers with individual and organizational investors.  
SoMo’s user-friendly technology allows business borrowers to raise capital from friends and family, customers and community supporters as well as from Facebook, Twitter and LinkedIn connections. Investors lend money directly to borrowers through the SoMo platform, which then packages the loans and sells them as notes, bypassing banks and credit-card issuers.
Innovation type: Investing, lending, small business


Thomson Reuters is pleased to introduce their new App Store solution that enables access to the latest innovative capabilities and tools for use across the digital enterprise. Thomson Reuters’ solution makes it easy for financial institutions and third-party developers to create and integrate pioneering market monitoring and investing apps. 
By seamlessly enabling the combination of Thomson Reuters content, firm’s customer account data and firm’s internal and other data sources, Thompson Reuters is helping institutions leverage the providers of financial content. This delivers a differentiated experience for their customers while lowering both development costs and time to market.
Innovation type: Investing, marketing, mobile, online, PFM


Approximately half of the world’s population are cash-preferred consumers (unbanked, underbanked, teens or privacy-concerned) and have no bank account or limited access to traditional financial services. eCommerce merchants have not had a way, until now, to monetize this segment of consumers simply missing out on the substantial revenues they represent.
ZipZap will unveil the latest innovations in global cash transaction solutions for eCommerce merchants. CashCade ensures no more lost revenue from card-based transactions being declined, while CashPayment enables consumers worldwide to make payments for online purchases at offline locations using cash.
Innovation type: Back office, payments