Finovate Alumni News

On Finovate.com

  • “Finovate Alums Earn Spots Among Finalists in UBS Future of Finance”

Around the web

  • Arxan announces Cyber Security scholarship program.
  • PYMNTS.com interviews Adam White, Coinbase VP and product manager, on the “killer app” phase of bitcoin.
  • CNBC looks at Fastacash and the launch of its remittance app, XOPO.
  • CenturyLink adds former U.S. Senator Mary Landrieu to their board.
  • Banking CIO Outlook magazine features Praesidio.
  • Credit Karma gives away one-billionth free credit score since its 2008 launch.
  • Kony appoints Stephen J. Rohleder, former Accenture COO, to its advisory board.
  • Xero pilots program to allow users to file their GST returns.
  • Bloomberg: Banks Catching Up with Amazon Turn to Iceland Startup Meniga for Ideas.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Make Mine Meniga: Santander Selects a PFM Partner

Meniga_homepage_Nov2015

Santander is partnering with Meniga to bring the Iceland-based fintech innovator’s “world class” PFM solutions to its clients and customers. Jose Maria Fuster, head of global innovation at Grupo Santander, called the agreement “the first step in a long-term strategic partnership” and “an important milestone in our journey towards truly personalized digital banking.”

Meniga co-founder and CEO Georg Ludviksson said, “Meniga’s mission is to help banks innovate and transform their online and mobile offerings into a highly personal virtual finance adviser that helps people manage all aspects of their money and become smarter consumers.”

Meniga_stage_FEU2015

From left: Meniga co-founder and CEO Georg Ludviksson and VP of product management Einar Gustafsson demonstratied Meniga Market Match at FinovateEurope 2015.

Meniga’s announcement comes just days after being recognized by Business Insider as one of the most promising fintech startups in the Nordics. In October, Meniga launched an updated version of its Moverang app, Moverang Evolution, in Spain, and won “Best Technical Solution” in the business and commerce category at the United Nation’s World Summit Award.

With more than €1.5 trillion in managed funds, Santander is one of the top 12 banks in the world. The Spain-based institution has nearly 13,000 branches and more than 190,000 employees.

Founded in March 2009 and headquartered in Reykjavik, Iceland, Meniga demonstrated its Market Match solution at FinovateEurope 2015, taking home best of show honors. The company has raised more than $8 million in funding, and its solutions reach more than 25 million online banking customers in 16 markets around the world.


If you are a fintech fan in Europe, then be sure to put our February conference on your calendar. FinovateEurope returns to London on 9/10 February 2016. Visit our FinovateEurope 2016 page for more information.

Finovate Alumni News

On Finovate.com

  • “Make Mine Meniga: Santander Selects a PFM Partner”

Around the web

  • First Tennessee Bank licenses digital banking platform from D3 Banking.
  • Nutmeg goes live with new back office courtesy of Babel Systems.
  • Canadian Innovation Exchange names TIO Networks as one of Canada’s 20 hottest and most innovative public tech companies.
  • Actiance releases expanded supervisory review capabilities for Alcatraz, its cloud-based archive for a broad range of communication channels.
  • Coinbase launches bitcoin price charts, international translations, and consolidated accounts.
  • Dealflow to launch Dealflow 2.0 in webinar next week.
  • Aberdeen Asset Management selects Markit to value hard-to-price assets for positions with limited market-data.
  • Developer reviews Authy’s two-factor authentication.
  • Motif teams up with U.S. Bank’s Ascent Private Capital Management to offer new digital tools to Ascent’s advisers.
  • Kantox partners with NoviCap to offer customers a stronger financial service.
  • Central Bank of Kansas City to issue Cachet’s prepaid cards.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Sliced Investing Provides Advisers with Access to Alternative Investments”
  • “Narrative Science Introduces Anti-money Laundering Solution, Quill for AML
  • “Yodlee’s Ynext Unveils New Incubator Class”

Around the web

  • Thomson Reuters unveils latest version of its tax technology platform, Thomson Reuters ONESOURCE.
  • Re/code looks at ShopKeep POS’s growth and newly hired COO, Michael DeSimone.
  • Currency Cloud partners with API-driven Fidor Bank to provide new SEPA Direct Debit functionality.
  • Hedgeable to take part in Yodlee’s Ynext Launchpad.
  • Business Insider lists eToro, BehavioSec, Klarna, and Fidor, as “companies we wish were big the U.S.”
  • Silicon Slopes Podcast hosts Ryan Caldwell, MX CEO, as he discusses how to improve online banking.
  • RTN Federal Credit Union re-ups with Fiserv’s XP2 account-processing platform.
  • Meniga to power Santander’s PFM.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Finovate, FinDEVr Alum News at Money20/20″
  • “Figo Announces New “Seven-Figure” Financing Round”

Around the web

  • Payoneer Selected by Amazon to Expand Cross-Border Payment Options in Select Countries.
  • Business Insider names Holvi, BehavioSec, Trustly, Meniga, and Klarna among the 12 hottest Nordic fintech startups.
  • Xero reaches 600,000 subscribers in 180 countries.
  • Tradeshift launches Tradeshift Risk, a solution to monitor and mitigate supplier risk.
  • ayondo launches first product in Singapore.
  • Crowdfund Insider interviews Krista Morgan, CEO and co-founder of P2Binvestor.
  • ACI Worldwide acquires payment gateway, PAY.ON.
  • Let’s Talk Payments interviews Tom Villante, CEO and co-founder of YapStone.
  • MainStreet features “simplified 401(k) robo-adviser” Blooom.
  • SavingAdvice.com reviews Motif Investing.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

On Finovate.com

  • “American Banker’s “20 Fintech Companies to Watch” Features Eleven Finovate Alums”
  • “Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform”
  • “Hoyos Labs Unveils 4F Smartphone Authentication Technology”

Around the web

  • IDology makes an equity investment Payfone.
  • Insuritas to install insurance agency solution for MAC FCU’s 14,000+ members.
  • PocketSmith launches in Xero Add-On Marketplace.
  • Fidor Bank wins in two categories, Lending Club and Idea Bank both come in first, at BAI Retail Delivery’s Global Banking Innovation Awards.
  • WSJ features BehavioSec and Nymi in article “The Next Security Frontier: The Human Body”
  • mBank launches biometrics in its mobile application dedicated to corporate customers.
  • PYMNTS profiles Moven in the wake of its recent $12 million fundraising.
  • Markit unveils cloud-based, Know Your Third Party (KY3P) service to make it easier to manage third-party risk-processes.
  • Blackhawk Network and Stockpile partner to make eGift cards for stock available at select retailers in the U.S.
  • Meniga receives a World Summit Award for best technological solution in e-business and commerce.
  • TechCrunch: “Ping Identity Opens Up About Its Financials As It Eyes 2017 IPO”

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • TipRanks Takes Top Prize at IBM Watson Hackathon in Israel

Around the web

  • Greg Smith and Chris Costello of Blooom discuss simplifying 401(k) management with Fox Business News.
  • Nilesh Dusane, Ripple Labs VP for global sales and client relations, talks about distributed ledgers and the future of payments.
  • EZBOB announces Everline as the sole channel for intermediary businesses.
  • Nomis Solutions teams up with Oliver Wyman to help FIs boost profitability in their retail deposit portfolios.
  • Temenos opens new office in Helsinki, Finland.
  • The Financial Brand highlights the need for banks to compete with Mint, MX, D3, Yodlee, Meniga, Geezeo, and Strands.
  • Investopedia features FutureAdvisor’s use for college savings.
  • Ping Identity enhances partner program with new options, benefits and requirements for partners in three programs.
  • BCSG appoints Deutsche Telekom’s Simon Lunn as COO.
  • Strategic News Service FiRe tech conference names ValidSoft a 2015 FiReStarter Company.
  • ProfitStars Banno Mobile named a leader in the IDC MarketScape: North American Mobile Banking Software Solutions 2015 Vendor Assessment.
  • Huffington Post considers advice from Scott Cook, Intuit co-founder.
  • Remember, the application deadline for the Fall 2015 cohort for the SixThirty accelerator is Friday, 10 July 2015.

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

  • “Finovate Debuts: LoanNow Helps Borrowers ‘Outperform their FICO Score'”

Around the web

  • HedgeCoVest launches its real-time, hedge fund replication platform.
  • First Republic Bank to deploy virtual banking solutions from Q2 Holdings.
  • The Independent takes a look at Klarna and the power of micropayment.
  • oneID featured in MacWorld as a two-factor authentication app for the Apple Watch.
  • Allied Wallet now a supported online payment provider of Spreedly.
  • emX Select from eMoney Advisor now integrated with Dropbox.
  • Süddeutsche Zeitung features Trustly and Klarna (in German).
  • Bank Innovation profile on alternative fintech capitals looks at Iceland and highlights Meniga.
  • Ripple Labs adds former Depository Trust & Clearing Corporation (DTCC) CEO Donald Donahue as advisor.
  • A review of local fintech startups in the Boston Globe features Kensho and Quantopian.
  • Temenos wins “Best Core Banking System” honors from Banker Africa East Africa Awards 2015.
  • American Banker considers how Namu covers the emotional side of banking.
  • Entrepreneur lists Patch of Land as 1 of 100 brilliant companies to watch in 2015.
  • Pendo Systems wins awards from international financial technology publications, the New Jersey Technology Council, and SWIFT.
  • Asian Wealth Times: “Singapore’s MoneySmart to Launch PFM tools with Ewise”
  • Finaeos teams up with TATA Consulting Services to help SMBs take advantage of Regulation A+ of the JOBS Act.

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.

Your Daily Distraction: FinovateEurope 2015 Demo Videos Now Available

FE2015Banner.jpg

If you’re in need of a little distraction, we have good news. The demo videos from FinovateEurope 2015 have been released. All 72 videos from last month’s conference, along with the full history of Finovate demos, are publicly available on the Finovate video archives page

 
To get started, here are the seven Best of Show winners, in alphabetical order:

Avoka

Avoka

 

 

CoinJar

CoinJar

 

 

ebankIT

ebankIT

 

 

eToro

eToro

 

Jumio

Jumio

 

mBank & i3D

mBank & i3D

 

Meniga

Meniga

Feel free to download, embed, and tweet the videos to share your favorites from the conference, whether you were in attendance or not.

FinovateEurope 2015 Best of Show Winners Announced

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If there is anything more exciting than the first Finovate conference of the year, it’s seeing who will be the year’s first Best of Show award-winning companies.

After two days of fintech presentations and demonstrations, our audience of more than 1,100 has shared its opinion on which technologies at FinovateEurope 2015 stood out from the rest of a truly impressive pack.

Here are this year’s winners, in alphabetical order:

Thumbnail image for Avoka_hires_logo_box.jpg

Avoka for its three-minute loan application that promises to deliver the fastest onboarding experience in the world.

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CoinJar for its technology that enables consumers to buy, sell, and use digital and traditional forms of currency any way they choose—from dollars to bitcoins.

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ebankIT for its omnichannel and social banking solution that maximizes interaction between FIs and their clients.

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eToro for its innovations in social trading and investing for Generation Y.

Thumbnail image for JumioLogo.jpg

Jumio for its credentials-management technology, Netverify, that turns mobile devices into ID document-scanning terminals.

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mBank and i3D for their interactive, digital retail-branch concept.

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Meniga for Market Match, its transaction-data analytics and enrichment engine.
As always, thanks to everyone who attended and participated in FinovateEurope 2015. We’ll see you next year!

Notes on methodology:  

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
4. The seven companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners. 

Meniga Launches Card-Linked Offers Solution

MenigaLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Meniga debuted Market Match, a new card-linked offers platform.

Meniga’s transaction-data analytics and enrichment engine enables it to deliver uniquely targeted and relevant offers to the consumers on its platform. Meniga puts offers, insights, and notifications into the context of consumer financial management, integrated as part of new-generation PFM. A fun, engaging Facebook-like feed that transforms how people interact with their finances, and how banks interact with their customers.

Meniga’s Market Match is a data-driven card-linked offers (CLO) platform that allows financial institutions to provide merchant-funded offers to their online customers using the power of PFM. Meniga’s PFM Solution has received multiple awards for innovation, such as “Best of Show” at FinovateEurope in 2011 and 2013, and boasts market-leading adoption and retention metrics.

Presenters: CEO and Co-founder Georg Ludviksson; VP Product Management Einar Gustafsson
 
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Meniga_8085.JPG

Product launch: February 2015

Metrics: $8.5 million raised; 100+ employees; more than 20 million online banking users
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Reykjavík, Iceland
Founded: March 2009

Website: meniga.com
Twitter: @meniga

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.