Finovate Alumni News — January 13, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeToro to allow its members to invest and trade in bitcoin.
  • CaixaBank enables cardholders to make transaction-based, charitable micro-donations.
  • PhotoPay wins spot in this year’s FinTech Innovation Lab London. See them in action at FinovateEurope.
  • Flint Mobile, BillGuard both featured in Forbes column on companies “moving global commerce forward.”
  • Daily Mail takes a look at Zopa and the Zopa Rate Promise.
  • miiCard and Axiomatika partner to power identity verification solutions for the Russian financial industry.
  • CoverHound grows 533% Year over Year in 2013 and Promotes Keith Moore to CEO.
  • ShopKeep POS launches ShopKeep Mobile for iPod Touch.

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– December 12, 2013

  • Thumbnail image for Finovate-F-Logo.jpgMasterCard collaborates with Samsung, Commonwealth Bank of Australia to enable contactless payments via NFC.
  • Heckyl Technologies announces more than $3.5 million raised in Series B funding.
  • NetBanker: Mobile payments specialist Loop raises $10 million in Series A round.
  • Striata announced as a finalist in the Best Use of Technology category at 2013 Debt Collection Awards.
  • miiCard to help power ID verification for myrentalcv’s tenant screening platform.
  • Updated Advisor Pages platform from BrightScope drops charge for online profile maintenance.
  • Mitek and Kony collaborate to Deliver Mobile Photo Bill Pay With Mitek MiSnap Automatic Image Capture.
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– December 4, 2013

  • BBVA Compass announces launch of BBVA Research iPad app.
  • Bank Innovation column on fintech in Israel features TipRanks and Payoneer.
  • Emida launches Handset and SIM Programs.
  • BancVue and other Credit Unions Help U-Haul Refinance Corporate Debt.
  • Prosper’s daily average loan originations grew almost 10% in November over October.
  • The Next Web reports: PayPal launches a digital gift store, featuring Apple as its sole launch partner.
  • City of Gig Harbor Launches on doxo; More than 5% of Residents Go Paperless in the First 90 Days.
  • Forbes: Kabbage Now Uses Square Data to Provide SMB Funding.
  • Mint is now available on Windows 8.1 and Windows Phone 8.
  • btcQuick Bitcoin Exchange working with miiCard to mitigate fraud.
  • EyeVerify interviewed on The Kansas City Power Lunch radio program.
  • IntelliResponse wins bronze in Best in Biz Awards’ Most Innovative Product of the Year category for 2013.
  • Intuit to purchase document startup company, Docstoc.
  • American Banker features Zaydoon Munir, founder of RevolutionCredit.
  • ACI Worldwide adds new executives, open new South American HQ in Sao Paolo, Brazil.
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– October 30, 2013

  • Finovate-F-Logo.jpgPayments News reports: PayPal Launches Startup Blueprint Program.
  • miiCard’s new directory API powers member lookup services to easily confirm ID and expand confidence online.
  • EyeVerify featured in local broadcast on Kansas City’s tech community.
  • GoBank, Moven, and Simple highlighted in Bank Marketing Strategy column on simplicity and bank product proliferation.
  • TradeKing CEO Don Montanaro weighs in on the SEC’s crowdfunding approval announcement.
  • Check releases version 6.26 of their money management app for Android.
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.

Fintech Accelerator SixThirty Unveils Inaugural Class of Four Startups

Earlier this week, a new fintech accelerator emerged out of the Silicon Prairie. St. Louis-based SixThirty announced its inaugural class of four fintech startups, selected from a pool of 100 applicants, that will take part in the 16-week incubator program that starts next Monday.

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This fall, SixThirty will invest a total of $400k in four participating startups:

Hedgeable, Matthew Kane and Michael Kane

Hedgeable is a next generation Vanguard, providing low cost, risk managed investment products in response to the Financial Crisis.
 
MiiCard, James Varga
Through a patented process, miiCard leverages access to online financial accounts to verify an individual’s identity beyond a photo ID through a simple process that occurs completely online in five to ten minutes.
See miiCard’s FinovateFall 2013 demo.
Upside, Tom Kimberly and Juney Ham
Upside uses innovative financial science and beautiful UI to provide goal-based investment management to mass affluent young professionals.
XYverify, Elliot Klein

XYverify enables consumers, merchants and financial institutions to reduce costs and prevent fraud via a mobile authentication platform.

Along with each receiving $100k, the companies will have access to mentorship and connections to top financial services firms. Four more companies will be selected for the Spring program. The application window for that program will open in mid-December.

What’s the Next Big Thing in Financial Services? Ideas from FinovateFall and Beyond

Finovate conferences are all about innovation and “what’s next” in financial services. At the recent FinovateFall conference miiCard Founder and CEO, James Varga, compiled thoughts and ideas of people from all places in the industry

The following clip is the first installment of his two-part series, detailing current trends in the fintech industry. In it, participants are asked, “What’s the next big thing in financial services?”

 

Here is just a taste of the responses:
  • “Large-value transactions online, such as real estate transactions”
  • “Personalized financial services including social payments and social authentication”
  • “Mobile as primary interface with the customer”
  • “Shifting of lending risk away from banks and to more flexible, non-bank lenders”
  • “Giving customers a fantastic experience and capitalizing on it by making revenues from those customers”

Watch the video for more from the presenters, sponsors, attendees of FinovateFall.

The second piece in the series, Predictions for 2020 and Beyond will come next week so stay tuned.

Finovate Alumni News– September 26, 2013

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  • Updated Google Wallet app lets users store loyalty cards.
  • MasterCard teams up with National Bank of Egypt, Egyptian Banks Company, and Fawry to launch m-wallet in Egypt.
  • EBay’s PayPal acquires Braintree in $800M cash deal.
  • The Boston Business Journal features peerTransfer.
  • miiCard presents trends from the innovators at FinovateFall.
  • Lendio raises $4.5 million for small business loan-matching Service.
  • TechCrunch reports: SecondMarket launches a Bitcoin investment trust for accredited investors.
  • Billhighway adds Boys & Girls Club of Troy as client.
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– September 25, 2013

  • Intuit integrates QuickBooks with Square’s POS products via an API deal.
  • Xpenditure selects miiCard certified digital bank statements for expanded and automated expense report verification.
  • SafetyPay and Paymentez partner to offer Latin American gamers a secure and seamless payment option.
  • TechCrunch reports: SumUp cuts 2.75% per transaction fee across Europe.
  • PYMNTS.com talks small business lending with MasterCard and the Entrepreneurial Finance Lab (EFL).
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.

miiCard Launches Identity as a Service (IDaaS)

This post is part of our live coverage of FinovateFall 2013.

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Next, miiCard showed its solution to help mitigate identity fraud in financial services:
“With identity fraud now accounting for over half of all fraud, it’s time to get serious about trust online. The future of financial services depends on truly trusted and traceable customer identities in the digital economy. See how sites are using miiCard’s Identity as a Service (IDaaS) to sell regulated and high value products in areas like banking, virtual currencies, payments, wealth management, and lending. At the same time learn how miiCard’s consumer-driven Bring Your Own Identity proves and protects the individual, while enabling endless possibilities for trusted exchanges for everything from finance, government, healthcare, recruitment, gaming to dating, and social networking.”
Product Launch: September 10, 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Edinburgh, Scotland, UK
Founded: September 1, 2011
Website: miicard.com
Twitter: @miicard
Presenting James Varga (CEO) and Magnus Bray (Sales Manager)

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The full demo video will be available at finovate.com in mid-September.

Finovate Alumni News– September 5, 2013

  • Finovate-F-Logo.jpgThe Austin business Journal ranks Q2ebanking #29 of Austin-based Largest Private Companies.
  • City National partners with cloud accounting platform Xero.
  • Forrester Research names Ping Identity a leader in Identity and Access Management Suites, Q3 2013 report.
  • Allre and miiCard partner for First Complete Platform to Sell a Home Purely Online.
  • Wipit-powered Boost Mobile Wallet to provide Quick Check Service.
  • WSJ column takes a look at online investment advisors like Wealthfront, Personal Capital, Jemstep, and FutureAdvisor that use algorithms. Meet FutureAdvisor at FinovateFall in New York.
  • Float Money partners with credit reporting agency eCredable to offer consumers interest-free loans. See Float Money at FinovateFall in New York next week.
  • Finovate alums Betterment and LearnVest highlighted in Wall Street Journal column on innovations in the online investment advisory business. Watch LearnVest demo their technology next week at FinovateFall.
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– August 29, 2013

  • Finovate-F-Logo.jpgTechCrunch reports: Lendio using new funding to help SMBs secure loans & avoid bad credit.
  • Payments Source considers how SumUp is competing in a Square world.
  • Cards International reports: Dynamics unveils U.S.A credit card with stars and stripes magnetic strip. Come to FinovateFall in NYC to see Dynamics showcase its new innovation.
  • MasterCard, C-SAM, DNP team up to bring white-label NFC mobile wallet service to Japan. See MasterCard demo at Finovate Fall in September.
  • OxGadgets reviews miiCard as a solution for online identity authentication. Join miiCard in New York for FinovateFall.
  • Mashreq Bank launches EMV chip and PIN-compliant mobile POS service via partnership with Swiff and MasterCard.
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.

FinovateFall 2013 Sneak Peek: Part 5

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We hope you’re enjoying our Sneak Peek at the presenters of FinovateFall 2013.

You can learn more about our upcoming event here. And if you’ve missed an installment of our series, here’s a handy index to this year’s innovators.

FinovateFall 2013 Sneak Peek #1

Today we’ll introduce you to our fifth set of companies that will be demoing on the Finovate stage in September: Capital Access NetworkFutureAdvisor, Instabank, miiCard, Narrative ScienceP2P Cash, and StrategyCorps.

So why not join us in New York for the show? Get your tickets to FinovateFall 2013 in New York here.


Capital Access Network’s Mobile Funder is a tablet-based tool enabling finance reps to seurely pre-qualify small businesses for capital and submit a full application in a single visit.

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Features:
  • Capital delivered in days, not weeks
  • Empowers reps with direct access to qualification tools
  • Pre-qualifies prospects for two products with one application
Why it’s great: This all-in-one tool gives small business finance reps the power to expedite decisions, close more deals, and deliver capital faster.

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Dan DeMeo, CEO, Capital Access Network
Mr. DeMeo joined in 2010 with an extensive financial services background (Citibank, GE Capital, JP Morgan) and a history of growing businesses profitably.
Meet the Capital Access Network team here.

FutureAdvisor’s FutureAdvisor Premium automatically manages your current investments.

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Features:
  • Manage investment holdings from multiple institutionsFeatures:
  • Rebalance your portfolio automatically
  • Recognize and invest new cash immediately
Why it’s great: Guide your investment portfolio – automatically
Meet the FutureAdvisor team here.

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Instabank set out to create the most beautiful, efficient, and social mobile bank.
Features:
  • Transfer/request money to/from Facebook friends
  • Add photos, comments, Foursquare venues to purchases
  • Rich activity stream and PFM
Why it’s great: Instabank aims to unlock viral customer acquisition via Facebook and become the Dropbox of retail banking.

miiCard (my Internet Identity) is the first global Identity-as-a-Service (IDaaS) platform providing trusted and traceable customer identities purely online in the digital economy.

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Features: 
  • Eliminate up to 80% fraud
  • Reduce new customer dropout by 50%
  • Dramatically reduce operational costs
Why it’s great: Enabling purely online sales of regulated and high value products in banking, virtual currencies, payments, wealth management, lending and more.

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James Varga, Founder, CEO, miiCard
Mr. Varga has more than a 20-year career in technology and innovation.

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Magnus Bray, Sales Manager, miiCard
Mr. Bray has experience in bringing new innovations to global financial institutions.
Meet Team miiCard here.

Narrative Science provides financial institutions with a fast, cost-effective way to analyze data and automatically generate natural language communications that answer important questions and provide timely insight.

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Features:
  • Infinitely scalable content generation
  • On-demand communications tailored to any audience
  • Consistent narratives structured to meet guidelines
Why it’s great: Quill Financial automatically transforms portfolio and market data into human-quality communications and reports for financial institutions.
Meet the Narrative Science leadership team here.

P2P Cash developed an industry-standard, scalable mobile financial services solution that provides secure, compliant and transparent mobile banking to the world’s 3 billion unbanked mobile phone users.

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Features:
  • Send cash home free
  • Mobile international remittance
  • Only SMS required for recipient
Why it’s great: Send cash home free #InternationalRemittance

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Thomas Meredith, Chairman and CEO, P2P Cash
Mr Meredith has Internet, financial services, and telecommunications experience. Stanford engineer. Harvard MBA.

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Donald Chapman, VP, Business Development, P2P Cash
Mr. Chapman has Consulting, IT, Sales & Marketing experience. Providence College. Babson MBA.
Meet the P2P Cash team here.

StrategyCorps’ BaZing solution makes mobile and online banking so appealing and relevant to customers’ lifestyles they’ll gladly pay a fee for them.

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Features:
  • 300,000+ deals at your fingertips
  • Local merchant offers around every branch
  • Connect like no banking product can
Why it’s great: Customers don’t like fees for basic banking products. BaZing changes that by making banking products worth paying for.

Stay tuned for more from our FinovateFall 2013 presenters in edition #6 of our Sneak Peek series, coming Thursday.
FinovateFall 2013 is only a few weeks away. To learn more about FinovateFall – and to register and get your tickets today – visit our FinovateFall 2013 page here.