Alumni News– February 23, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNutmeg launches its first personal pension plan.
  • Misys wins award for “Best OMS Provider” at MENA Fund Manager Services Awards with its FusionInvest technology.
  • USA Today Technology interviews Loop CEO Will Graylin about his company’s acquisition by Samsung.
  • ACI Worldwide to deploy Self Service Business Banking, Mobile, and Billpay solutions at Apple Bank.
  • Mad Money’s Jim Cramer interviews SeedInvest CEO Ryan Feit.
  • LA Times features Green Dot and its efforts to engage the “unhappily banked” with its prepaid cards.
  • Bank of Ozarks implements Premier banking solution from Fiserv.
  • Taulia expands management team with 4 new members.
  • Recent partnership enables Synergy Resources clients to integrate Expensify with their Infor VISUAL back-end.
  • City of North Las Vegas partners with PayNearMe to enable residents to pay bills in cash at 17,000 retail stores.
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.

Alumni News– February 20, 2015

  • Finovate-F-Logo.jpgInComm to offer Hip Digital access to selection of gift cards and delivery options.
  • Betterment Raises a Fresh $60 Million in Round Led by Francisco Partners.
  • FPS GOLD Partners With MX for Personal Financial Management.
  • US News features MaxMyInterest, Moven, and Level Money in a feature on money-saving and simplifying tools.
  • Alkami Technology Brings its Digital Banking Platform to Patelco Credit Union.
  • Samsung Acquisition of LoopPay Puts Apple Pay on Notice.
  • FIS earns new ISO certification.
  • TheStreet.com column on new security technologies for banks features EyeVerify and Digital Insight.
  • EVO offers processing to underserved direct response merchants.
  • Moneyweb mentions Entersekt’s role in South African-based fintech.
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.

Samsung Acquisition of LoopPay Puts Apple Pay on Notice

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Forgive me for being a Finovate fanboy. But when Apple unveiled its Apple Pay technology last fall, one of my first thoughts was about Finovate alum and digital mobile wallet innovator, LoopPay.

Apparently, Samsung was thinking the same thing.

Arguably the biggest mobile payments news since the Apple Pay announcement, Samsung has purchased LoopPay, for an undisclosed amount. LoopPay, which took home Best of Show honors in its debut demonstration at FinovateSpring 2014, has leveraged its expertise in magnetic stripe technology (MST) to produce a secure, non-NFC-based, mobile payment solution. With Samsung’s acquisition, the technology will likely become one of the major competitors to Apple Pay.
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Writing at the LoopPay blog, said the company would become a “wholly owned subsidiary of Samsung Electronics America” and will continue to “innovate and operate” out of its Boston, Massachusetts headquarters.
For its part, Samsung talked about LoopPay as helping Apple’s biggest hardware rival build “the smartest, most secure, user-friendly mobile wallet experience.” An alliance between Samsung and LoopPay had been rumored since December, according to this reporting from Gigaom. And a major investment last summer also helped raise LoopPay’s profile – and hint at the technology’s potential for wider acceptance.
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Above: Loop CEO Will Graylin at FinovateSpring 2014
Margaret Keane, President and CEO of Synchrony Financial, whose firm participated in last year’s funding, added: “This is great news for our customers who can access their cards and make payments using LoopPay’s contactless MST technology.”
“We look forward to working with LoopPay and others to deliver secure mobile payment solutions for all our 60 million active accounts.”

Alumni News– January 12, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinancial Simplicity and T&C Consulting launch joint venture.
  • Bernard Lunn writes about the revolutionary “license as a service model” of Fidor Bank.
  • Forbes column on technology and community features Bright Funds.
  • ABS-CBN News highlights Toshl Finance among its “5 money moves for 2015.”
  • Business Insider looks to TipRanks to find top stock pickers from 2014.
  • BillGuard, LoopPay, and TransferWise earn spots on Motley Fool’s list of fintech startups that can help consumers handle money in 2015.
  • Open Bank Project is organizing 2 hackathons in Ireland (Dublin and Belfast) for Ulster bank. The first is in Dublin this month.
  • No Need to Fax: Kofax Launches E-Signature Solution, SignDoc.
  • Cachet Financial Solutions appoints Bruce Whitmore as New Executive Vice President and Chief Information Officer.
  • Bluefin Payment Systems partners with Industry Retail Group (IRG) to provide PCI-Validated Point-to-Point Encryption to IRG Clients.
  • AdviceGames CEO Diederick van Thiel, Talks About Gamification.
  • Mobile Commerce Daily reviews PayPal’s new BlackBerry app.
  • DoughRoller interviews Blooom founder Chris Costello.
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.

Alumni News– January 8, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgForbes series on thought leaders in business and technology features Ayasdi CEO and co-founder, Gurjeet Singh.
  • defi SOLUTIONS announces its Loan Origination System is now integrated with Dealertrack’s eDocs.
  • PrivatBank upgrades its Privat24 business account management mobile app.
  • Service Credit Union hires Insuritas to open and manage turnkey insurance solution.
  • Sonavation unveils IDKey M-Series fingerprint scanner for storing passwords, data.
  • WSJ blog post on banks and mobile payments features quote from Paul Thomalla, SVP and managing director EMA at ACI Worldwide.
  • Loop announces two new OEM partners, XPAL Power and Trident Case.
  • All Day features Dynamics interactive payment cards in its review of the “coolest gadgets from CES 2015.”
  • Radius reflects on its collaboration with big data analytics company, BIME.
  • Dealbook looks at the cooperative side of fintech innovation with Behalf, Nymi, and Dynamics.
  • CSI globalVCard announces availability of the Android version of its mobile payment.
  • EZBOB boosts its maximum loan size from £50,000 to £120,000, and extends its maximum term length from 12 to 15 months.
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.

Alumni News– December 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMoney Facts looks at how TransferWise helps consumers save on money transfer fees.
  • Huffington Post features Matthew Goldman of Wallaby Financial in a conversation on credit card strategies for travelers.
  • PYMNTS.com interviews LoopPay Chief Technologist George Wallner.
  • A comparison between Stockholm and Silicon Valley in The Independent highlights Klarna.
  • Virtual Agent Chat checks in on post-acquisition IntelliResponse.
  • Cardflight’s SwipeSimple joins MasterCard mPOS providers.
  • News.com.au reports: How Xero went from a scribbled figure on a serviette to a $2 billion company.
  • Crealogix and Meniga create Digital Bank and PFM Solution for BNP’s Consors Bank.
  • peerTransfer named 2014 Winner of BostInno’s 50 on Fire Award.
  • Forbes lists Holvi as 1 of 5 Finnish startups to watch.
  • Programmable Web considers how Open Bank Project’s API brings more openness to banking internationally.
  • Ayondo launches ad campaign on 2 major German TV networks.
  • Business Insider features Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, TradeKing, and Wealthfront in a look at the growth of robo-advisors.
  • BrightScope releases its Top 30 401(k) Plans List.
  • Management Today profiles David Harrison, managing partner at True Potential.
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.

Alumni News– December 15, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSFGate column on the technology of mobile payments features thoughts from PayPal’s Max Levchin and Loop’s Will Graylin.
  • Stockpile teams up with Yodlee to provide Invest Your Change, Stock Purchasing and Gifting products.
  • American Banker takes a look at “post-IPO expectations” for newly-public Lending Club.
  • Golden Pacific Bank adds mobile remote deposit capture to its mobile banking offerings courtesy of Digital Insight.
  • National Association for Business Resources names Billhighway Best and Brightest Company to work for in 2014.
  • Time asks: What is Venmo?
  • Nine of the 15 fintech startups Forbes recommends watching in 2015 are Finovate and FinDEVr alums.
  • eWeek reports on Arxan Technology’s mobile Runtime App Self Protection (RASP) enhancements.
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.

Alumni News– September 10, 2014

  • Finovate-F-Logo.jpgAmerican Banker: TSYS and Visa have announced their tokenization technology will support Apple Pay http://bit.ly/WIBIwx
  • Credit Sesame and Prosper partner.
  • Cachet Financial receives order from top tier credit union in the U.S. for mobile money management platform, Select Mobile Money.
  • AcceptEmail selects Worldpay to power its international e-billing solutions.
  • Trustly releases open source alternative messaging technology for FIs, BankAPI.
  • Loop co-founder and CTO George Wallner weighs in on Apple Pay in Time.com Money column.
  • Visa teams up with the National Football League to promote Visa Checkout. See Visa at FinDEVr this fall.
  • Braintree to support Apple Pay. Come see Braintree at FinDEVr this September 30 through October 1 in San Francisco.
  • Business Insider profiles Christian Lanng, Co-Founder and CEO of TradeShift.
  • Dwolla CEO and Founder Ben Milne talks about the role of Apple as a new entrant in the mobile payments industry.
    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.

    Alumni News– July 29, 2014

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    • Concur partners with Uber to allow Concur users to link their accounts and automatically send Uber receipts to their expense reports.
    • The Financial Brand looks at opportunity for banks and credit unions in the Loop Visa partnership. 
    • Open Bank Project making its API available during hackathon in September.
    • TechCrunch explores Pellucid Analytics’ take on PowerPoint pitch books.
    • Seed Me! Thinknum raises $1 million in seed funding round.
    • Feature on robo-advisors highlights seven alums: Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, and Wealthfront.
    • Macwelt reviews banking app Numbrs.
    • Bank Systems & Technology points to Moven as a nontraditional financial service provider “gunning” for banks.
    • Xero partners with MarketInvoice to bring faster funding to UK businesses.
    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.

    LoopPay Earns Investment from Visa

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    You know you’re a Finovate fan when you skip over the report that Visa and Apple are talking just to get to the news that Visa has made an investment in mobile wallet innovator, LoopPay.

    In a statement, LoopPay CEO, Will Graylin said he was “thrilled to have Visa as a partner and investor.” Visa SVP of innovation and strategic partnerships Jim McCarthy praised the company’s technology, particularly the fact that merchants can accept payment via LoopPay using their existing point-of-sale infrastructure.

    Loop_homepage_sample
    The investment from Visa is part of the larger funding round LoopPay announced a few weeks ago. Amounts have not been disclosed.
    LoopPay’s innovation is its expertise in Magnetic Secure Transmission™ (MST) technology. The technology uses an app, a secure chip, and an embedded magnetic loop to collect, store, and transmit mag stripe data from our added cards to the POS terminal when making a payment.  The loop is built into accessories such as the fob and, most recently, the LoopPay ChargeCase.
    LoopPay made its Finovate debut at FinovateSpring 2014 in San Jose, winning Best of Show honors. The company was founded in 2013, and is based in Burlington, Massachusetts.

    Alumni News– July 24, 2014

    • C. Hoare & Co. choose TSYS’s Prime 4 card management solution.
    • Pymnts interviews Vib Prasad, Group Head of MasterCard’s MasterPass about digital wallets.
    • CSI globalVCard launches B2B payment system called globalVCard travel, designed to alleviate many of the corporate travel industry’s biggest pain points
    • FreeAgent integrates with PayPal Here to make it easier for UK small businesses to get paid faster.
    • Xero confirms it’s planning on filing for a U.S. initial public offering in 2015.
    • Actiance expands on its support of Microsoft Office 365 Exchange Online, to help manage risks of Office 365 Lync Online.
    • LoopPay earns investment from Visa.
    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.

    Alumni News– July 14, 2014

    • Webster Bank to deploy online banking platform from ACI Worldwide.
    • MasterCard’s e-commerce enabler MasterPass launches in Poland.
    • Wall Street Journal features Klarna and its plans for expansion.
    • WSJ features BehavioSec. Get a closer look at BehavioSec at the very first FinDEVr.
    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.