Alumni News– November 18, 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.jpgCoinbase to introduce bitcoin tip button to enable micropayment acceptance online.
  • Venmo users can now log in using both bank ID and Touch ID.
  • TechWeek Europe takes a look at Arxan Technologies’ State of Mobile App Security report.
  • Malaysian Digest features Azimo in a discussion on the revolution in the money transfer industry.
  • Dough Roller interviews iQuantifi CEO and Co-Founder, Tom White.
  • Business News Daily quotes Igor Gonta, CEO of Market Prophit on the importance of having a social media strategy.
  • PostFinance AG’s Monexio selects Mobino platform to help develop its own digital payment solutions.
  • SK Planet wins first prize at KPRA Awards 2014 for its filter program, Flitter.
  • Hiscox launches new digital insurance platform powered by Backbase CXP.
  • PayPal challenges Apple Pay with an app for the Pebble smartwatch.
  • The European Commission approves Tradeshift data format for government purchasing.
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.

Who’s Who in New York Fintech Scene Features Five Finovate Alums

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With FinovateFall 2014 starting a week from today, you’ll have to forgive us if we’ve got a little New York on the brain.

But you’d have to admit that the latest roundup of the New York fintech scene’s “Need to Know” from AlleyWatch couldn’t be more timely.

Even better, not only does the lineup include five companies that have demoed at Finovate shows in the past, it also features a pair of alums that are presenting at the upcoming FinDEVr event in San Francisco, as well.
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That would be CardFlight and Thinknum. Derek Webster, founder and CEO of CardFlight, and Thinknum Co-Founder Justin Zhen were two of the five alums featured in AlleyWatch’s “21 People in the New York FinTech Scene You Need to Know About.” CardFlight specializes in mobile POS technology that enables card-present transactions. Thinknum has designed a web-based platform that helps financial analysts leverage big data to better value companies.

Both companies will be presenting at FinDEVr at the end of the month. Bronze sponsor CardFlight will host a presentation at FinDEVr on Tuesday. Thinknum will be holding its FinDEVr workshop on Wednesday. And there’s still time to get your tickets and join us for the first fintech event for developers.
Also noted in AlleyWatch’s review of New York’s Fintech Who’s Who were Betterment Product Manager Nick Gavronsky, LearnVest founder and CEO Alexa von Tobel, and Market Prophit CEO Igor Gonta.
Betterment was a Best of Show winner at FinovateFall in 2010. LearnVest won Best of Show honors for its demo at FinovateFall 2013. And Market Prophit made its Finovate debut at FinovateSpring 2014 in San Jose.

Alumni News– July 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.jpgSafetyPay announces partnership with Alpha Payments Cloud.
  • Reuters Insider interviews Igor Gonta, CEO of Market Prophit.
  • Q2 partners with Easy Solutions to bring multi-factor authentication to FIs.
  • Yodlee files for initial public offering; seeks to raise $75 million.
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 3, 2014

  • Finovate-F-Logo.jpgOpen Bank Project organizing fintech hackathon for Rabobank in The Netherlands.
  • EFL surpasses 100,000 applications worldwide.
  • SpendMatters considers benefits of B2B products such as Taulia and Tradeshift.
  • eSignal to provide social media sentiment analytics courtesy of Market Prophit.
  • IBM partners with Concur to deliver cloud-based travel and expense management solutions.
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 23, 2014

  • Finovate-F-Logo.jpgSilicon Republic reports: Disruptive banking service Holvi gets regulatory approval to spread across Europe.
  • Cardlytics named one of the Georgia Fast 40, which honors GA-based companies that sustain growth over a 3 year period.
  • CBS 12 News features Arxan’s security tech.
  • miiCard partners with eMerchantPay to offer merchants a more secure, compliant transaction processing solution.
  • Bank Innovation speculates on potential new features from GoBank.
  • Finovate alums Fenergo and Thomson Reuters win recognition from Inside Reference Data Awards.
  • Virtual Agent Chat takes a look at IntelliResponse’s OFFERS as a form of “just in time marketing.”
  • Bloomberg BusinessWeek sources Scott Goldman, CEO of TextPower, on the eBay data breach.
  • Deutsche Startups interviews Numbrs CEO, Julien Arnold.
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.

Market Prophit’s Big Data Analytics Help Investors Generate Alpha Through Better Sentiment Analysis

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This post is part of our live coverage of FinovateSpring 2014.

Market Prophit is our next presenter. The company is showing its “Morningstar + Klout” solution for both retail and institutional investors and traders looking to improve the way they use sentiment analysis in their overall investing decisions.

“Market Prophit is demoing its full functionality with its recently launched proprietary quantitative blogger ranking system. Market Prophit quantitatively scores and ranks financial bloggers in social media based on the accuracy of their stock calls and track record of predictions. Using our unique ranking system, Market Prophit generates sentiment signals that have less noise than generic, crowd-based sentiment signals and generate more alpha based on historical back tests. 
Our innovation is the ability to take unstructured conversations and turn them into quantifiable measures of predictability and performance in real time, allowing for easy search and discovery of quality information by investors without having to wade through millions of messages.”
Presenting: Igor Gonta (CEO & Founder)

Product Launch: June 2013
Metrics: Self-funded; 2 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: New York, New York
Founded: January 2011
Twitter: @MarketProphit

FinovateSpring 2014 Sneak Peek: Part 2

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This year’s return to California for FinovateSpring will feature both new and old faces, as innovative startups make their fintech debuts and established veterans continue to remind us all that they’ve still “got it.”

Maybe your interests in FinovateSpring lie in something specific like security or mobile payments. Or maybe you are just looking forward to taking in all that this year’s crop of FinovateSpring presenters has to offer. 

Whatever your fintech appetite, we think you’ll find our Sneak Peek series a helpful way to get to know the entrepreneurs that will be taking the stage next month in April.

So today we introduce you to another set of six companies: Interactions, Kreditech, Market Prophit, Personal Capital, Yseop, and ZenPayroll. And if you missed the first installment of our FinvoateSpring 2014 Sneak Peek series, click here.

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Interactions Corporation is the only truly conversational, self-service solution to move more activity to self-service and free up agents for higher order tasks.
Features:
  • Delivers a fully unstructured, open-ended conversation between businesses and their customers
  • Understands with an unrivaled 95% accuracy in both speech and text
  • Deploys in 12 to 18 weeks
Why it’s great: We put customers first by engaging them in a free form dialogue, allowing them to solve problems quicker, and with less effort.
Phil Gray
Responsible for leading business development. Phil is a successful startup executive with extensive experience in natural language understanding and contact center technologies. 
Dan Fox, Marketing Manager

Kreditech uses Big Data and complex machine-learning algorithms to enable faster, better, and more sustainable credit decisions.
Features:
  • Developing self-learning, self-calibrating Big Data scoring
  • Building the “Amazon for consumer lending”: 24/7, always and everywhere available lending platform
  • Innovative FinTech products
Why it’s great: Based on Big Data scoring, Kreditech is building a centralized and global online lending service for innovative consumer finance products.
Sebastian Diemer, Co-Founder and CEO
Started building one of the most innovative global Big Data technology companies in 2012. Today, Kreditech is innovation leader in Big Data scoring.
Alexander Graubner, Founder and CTO
Combines cloud-based big data infrastructure and machine learning to build the world’s consumer scoring technology.

Market Prophit empowers every investor with real-time intelligence into what’s moving the market by quantifying global, financial-related conversations in social media.
Features:
  • Real-time sentiment and buzz in stock-related social media chatter
  • Identify the “mavens” in the “crowd” with our quantitative blogger ranking system
  • Track stocks and bloggers you care about
Why it’s great: Klout + Morningstar for social media financial influencers
Igor Gonta, CEO
Extensive experience on Wall Street in sales and trading, and brings that to the intersection of Big Data and finance.

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Personal Capital’s One Click Investment Proposals enables our advisors to efficiently analyze prospective clients’ finances and deliver investment recommendations tailored to their unique needs.
Features:
  • Advisors generate 90% of a client’s portfolio with one click
  • Clients see their complete & up-to-date household financial data and a comparison of their existing portfolio to an optimal one
Why it’s great: We’re making it digital – while keeping it personal.
Bill Harris, CEO
Has spent his career dragging the financial industry into the 21st century. He’s developed financial technology for 25 years – including as CEO at Intuit and PayPal.
Jim Del Favero, CPO
Has spent his career designing and building consumer financial software. Before Personal Capital he was head product manager for Quicken at Intuit.

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Yseop is natural language generation software based on artificial intelligence that boosts sales productivity and turns each financial advisor into an expert without additional training.
Features:
  • Yseop automates the sales process from lead generation to the writing of pre-to-meeting reports, customer follow-up and personalized marketing communications — automatically.
Why it’s great:
Yseop turns data into text, leads into clients, and salespeople into experts. Double your sales force productivity overnight with the power of artificial intelligence.
Elizabeth Farabee
Has a background in inbound and direct marketing. She is passionate about Yseop’s personalized marketing potential in both the B2C and B2B markets.
Matt Rauscher
Is a consultant at Y
seop. He lived nine years in the United States, and graduated with a Master’s Degree in Finance.

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ZenPayroll is modern, delightful payroll. Our mission is to make payroll as simple and intuitive as possible using the principles of modern software.
Features:
  • Makes payroll as simple and intuitive as possible
  • Helps business owners build stronger teams
  • Empowers employees by enabling them to be equal stakeholders
Why it’s great: Payroll should be about people, not payments. ZenPayroll is unearthing the human side of compensation currently buried under layers of complexity and government bureaucracy.
Joshua Reeves, CEO and Co-Founder
Believes in the power of software to solve complex problems, and founded ZenPayroll to deliver delightful, modern payroll to businesses everywhere.

Stay tuned for the next edition of our Sneak Peek series coming next week.