Finovate Alumni News– May 16, 2013

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  • FamZoo, LendUp, Money Desktop, PayNearMe, and TipRanks win Best of Show honors at FinovateSpring 2013 in San Francisco.
  • Blaze Mobile earns three NFC mobile payment patents.
  • OpenCoin announces completion of an angel funding round from Google Ventures and IDG Capital Partners.
  • ForexThink interviews QuantConnect founder and CEO Jared Broad.
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.

MoneyDesktop Reveals New Data Analytics Marketing Platform

This is a part of our live coverage of FinovateSpring 2013.

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Next, MoneyDesktop took the stage to unveil two products in its new marketing platform:
“Along with their industry leading PFM, MoneyDesktop has developed, and will be revealing, its powerful back-end data analytics and marketing platform. Comprised of two products, Insight and Target, the new platform equips financial service organizations with easy-to-consume user insights that can effortlessly be transformed into targeted marketing campaigns — leading to higher conversion rates, greater wallet share and increased loan volume. 
Insight leverages aggregated PFM user data to create customizable marketing segments based on users’ growth, demographics, accounts, spending, interest rates on competing financial products and more. 

Target turns insight into action by enabling financial institutions to continually create and send targeted marketing content and product offerings that are hyper relevant to their user base. Together – Insight and Target provide financial institutions a groundbreaking new way to market and drive adoption of their most valuable account types.”
Product Launch: June 2013
HQ: Provo, UT
Founded: March 2010
Metrics: Triple digit growth over the past 3 years, 27 Online Banking/Core/Payment Network Partners, 400+ FI Clients, 90+ Employees
Twitter: @MoneyDesktop
Presenting Ryan Caldwell (CEO & Founder) and Matt West (VP Sales)

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Finovate Alumni News– May 8, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Wall Street Journal takes a look at “bitcoin startups” including OpenCoin. Come meet them at FinovateSpring in San Francisco.
  • Currensee announces launch of Trade Leaders managed fund.
  • US Bankcard Services now providing AuthenticID service to its merchants.  See AuthenticID demo at FinovateSpring next week.
  • Check Point introduces 600 Series security appliances for SMBs.
  • Forbes lists SoMoLend as 1 of 10 top crowdfunding sites for fundraising.
  • Investor Junkie reviews Jemstep. Come see what’s new at Jemstep at FinovateSpring next week.
  • MoneyDesktop honored with Bronze award in the Telly Awards, which recognize the finest video, film, & web commercials. See them demo at FinovateSpring.
  • Business Insider names BillGuard as 1 of the 20 hottest startups from Israel.
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– April 30, 2013

  • Finovate-F-Logo.jpgCortera now offering free Cortera Business Directory accounts.
  • Lendio announces record year-over-year revenue growth of 97% for the first quarter of 2013.
  • Zopa launches Safeguard offer that protects lenders from faulty borrowers through a fund held by a non-profit.
  • PayMyStudentLoans.com reviews ReadyForZero can help students save money in college.
  • PA Consulting Group will deliver identity verification solutions using miiCard.
  • MoneyDesktop launches new version of PFM & updates MoneyMobile app.
  • South Bangla Agriculture & Commerce Bank is the fifth Bangladeshi bank to deploy Temenos T24 banking software.
  • Leaf announces Leaf Membership Network. Join Leaf in San Francisco for FinovateSpring in May.
  • Financial Advisor introduces Finect. Come see Finect demo their technology at FinovateSpring.
  • appPicker reviews Kashoo Accounting for iPad.
  • Small Business Association of Michigan selects Billhighway Give as its mobile fundraising solution.
  • Intuit releases Android tablet banking app. Come to FinovateSpring to watch Intuit unveil its new technology.
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.

FinovateSpring 2013 Sneak Peek: Part 3

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This is the third part in our continuing Sneak Peek series that gives a glimpse into what each company will demo live on stage at FinovateSpring.

Don’t miss part 1 and part 2 published earlier this month. 

See the full demos live at FinovateSpring next month. Get your ticket here

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Better ATM Services’ groundbreaking technology enables ATMs to dispense new, flexible prepaid cards just like cash, opening the world’s fleet of 2.3 million ATMs to the prepaidBetterATMLogo.jpg marketplace.

Features:

    • Visa and others are adopting this new distribution channel
    • Consumers love the 24/7 convenience of ATMs for prepaids
Why it’s great: Financial institutions can recapture 50%+ of customers now going elsewhere for prepaids, increasing their share of the $549 billion prepaid market.

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Bright Funds is a solution for effective charitable giving management, combining the sophistication of investing with the intuitive, engaging experience of modern web services.
Features:
    • The Bright Funds Charitable Giving Portfolio
    • The Bright Funds Impact Timeline
    • Bright Funds Public Profiles for Giving
Why it’s great: Bright Funds brings an investment approach to charitable giving.

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FamZoo’s online family banking system helps parents teach kids good money habits.
Features:
    • Family pack of affordable, widely accepted prepaid cards
    • Integrated family finance tools build good habits
    • Co-branded option delivers targeted offers
Why it’s great: FamZoo solves the “kids and money” problem for parents: prepaid cards that work together, not alone.

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Intuit delivers banking software and technology solutions for financial institutions.
Features:
    • Gives banks better insight to serve customers
    • Blurs lines between PFM/banking 
    • Learn what Mint has in store for personal business
Why it’s great: Intuit now offers the best PFM solution for all users – whether it is through Mint.com or financial institutions.

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LeapScore is financial advice for the rest of us.
Features:
    • Tailored help and advice for each individual
    • Empowers people to take more control over finances
    • Sets meaningful goals
Why it’s great: a comprehensive score that, for the first time, represents “who” you are financially.

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MicroStrategy provides online banking without usernames or passwords, instant identity validation over the phone: Usher radically changes the way IDs, cards, and keys are issued and carried.
Features:
    • Mobile phone-based digital credentials
    • Multi-factor verification including voiceprints
    • Secure out-of-band authentication
Why it’s great: Usher: an extraordinary array of identity-management services that reduce fraud, protect identities and improve customer experience.
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MoneyDesktop redefines the way millions of people interact with their finances by developing technologies that drive financial engagement between account holders and financial institutions.
Features:
    • Leverage aggregated PFM user data 
    • Segment and target your user base
    • Increase conversion rates and loan volume
Why it’s great: Insight and Target provide financial institutions with a groundbreaking new way to market and drive adoption of their most valuable services.
OneID eliminates the need for usernames and 

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passwords, while delivering a secure, compliant identity system that’s easy for your customers to use.

Features:
    • Secure, one-click login with no password
    • Customizable two-factor authentication
    • Easy cross-selling with automatic form-fill
Why it’s great: Convenience of one-click login. Security of public key cryptography. Flexibility to meet financial institutions’
needs. Identity as it should be.

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Quantopian is the world’s only browser-based algorithmic trading platform, democratizing finance by reducing barriers to entry and providing quants the tools and support needed to profit from their ideas
Feature:
    • Combines historical data, algo simulation, live market data, brokerage integration and algo development into a simple workflow
Why it’s great: Allows quants to put their ideas and algorithms to work and profit from them with the click of a button

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Refundo is designed to revolutionize the way people do banking and extend mainstream banking advantages to underbanked and unbanked communities across the nation.
Features:
    • Open an FDIC-insured bank account in seconds using your smartphone. 
    • Send money to your friends and family quickly and securely.
Why it’s great: Finally a new way to manage your money. And by new, we mean better.


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Yandex.Money’s Twym is a quick and convenient way to send money via Twitter.
Features:
    • Easy-to-use interface for collecting money
    • You don’t have to leave Twitter
    • Other users can repeat payments in one click
Why it’s great: Twym makes transferring money simple and fun.

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Yseop’s artificial intelligence software writes just like a human being, but at a speed of over a thousand pages per second and in multiple languages.
Feature:
    • Yseop boosts the productivity of your business teams by automating the delivery of best practices and personalized expertise.
Why it’s great: Yseop creates a new age where financial services delivered to customers are driven by artificial intelligence and human collaboration.
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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit out FinovateSpring page here.

Finovate Alumni News– April 22, 2013

  • Finovate-F-Logo.jpgBoulder Valley Credit Union introduces Tyfone Mobile Banking Financial Services.
  • Nerdwallet reviews Personal Capital.
  • Center for Financial Inclusion blog features Entreprenurial Finance Lab’s technology.
  • Payments News reports Blackhawk Network completes IPO.
  • Community Credit Union releases MoneyDesktop 4.0 to its members.
  • eToro helps new users to connect with people on OpenBook by unlocking their feed.
  • Newfination hosts Carl-Henrik Somp, Trustly COO, to discuss the startup’s service.
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– April 19, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgArvest Bank to deploy IntelliResponse Virtual Agent technology. See them demo at FinovateSpring in May.
  • GMC Software Technology founder Rene Muller wins Lifetime Achievement award.
  • PrivatBank to provide service to customers wearing Google Glass.
  • American Banker interviews Pageonce COO Steve Schultz on the company’s goal to be the “go-to financial app on the phone”.
  • Mountain America CU launches MoneyDesktop’s My Money Manager PFM.
  • Blackhawk Network prices of its IPO of 10,000,000 shares of Class A common stock at $23 per share.
  • American Banker reports: Planwise Courts Bank Partners.
  • Black Enterprise features Bolstr as Tech Startup of the Week.
  • American Banker reports BillGuard has flagged $50M in suspect charges.
  • The Globe and Mail considers how eToro can benefit investors.
  • TechCrunch reports: SMB Inventory Management Startup TradeGecko Partners With Xero Accounting.
  • Rebirth Financial unveils white-label crowdfunding platform.
  • Trustly has now processed 10 billion SEK in payments since it began in 2008, has fully rolled out Direktbetalning in Sweden 
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.

Mountain America Credit Union Launches MoneyDesktop’s My Money Manager PFM

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Money Desktop, creator of the Bubble Budget PFM, announced today that Mountain America Credit Union launched its My Money Manager PFM solution.

Mountain America launched the solution 6 weeks ago, and has since seen 13% of its active online user base (more than 22,000 members) sign up for the service. It provides the solution to its members for free.

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Mountain America selected the PFM solution for its “wow-factor” and multiple benefits:

    • Presents all financial accounts in one location
    • Allows members to visualize spending habits
    • Monitors net worth month-to-month
    • Helps users manage debt by generating spending reportsMoneyDBubbleBudgets.jpg
    • Presents data in real-time 

The Financial Brand featured the Utah-based company’s Bubble Budgets on its blog today, and noted these stats:

    • From 2011 to 2012, its number of customers grew almost 80%, recurring monthly revenue increased almost 4.5X
    • More than 400 FIs have selected MoneyDesktop as their PFM provider
    • Recently, it signed more than 270 new clients, added 22 tech partners in the fintech industry

To learn more about MoneyDesktop, watch its FinovateFall 2012 demo and come to see its new tech launched at FinovateSpring next month in San Francisco. Get your ticket here.

Nineteen Finovate Alums Win 2013 PYMNTS.com Innovator Awards

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PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards.

Three Finovate alums were selected as overall Best in Show winners:

First place: Pangea Payments

  • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
Second placeWaspit 
  • Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
  • Finovate demo: FinovateFall 2012
Third placeLeaf
  • Description: Small business payments solution
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

In addition, five Finovate alums took home Gold awards, five won Silver awards, and seven were awarded in the Bronze category. Here is a summary of all of the winners:

Gold

    • Category: Most innovative
    • Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
    • Finovate demo: FinovateEurope 2012
    • Category: Best credit
    • Innovation: The consumer’s advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
    • Finovate demo: FinovateStartup 2009
    • Category: Best B2B innovation
    • Innovation: Online working capital for small businesses.
    • Finovate demo: FinovateEurope 2013
    • Category: Best SMB innovation
    • Innovation: Small business payment platform integrated with Quickbooks.
    • Finovate demo: Finovate 2009
    • Category: Best innovation via ACH
    • Innovation: Cash flow management, accounts payable/ receivable management platform
    • Finovate demo: FinovateSpring 2011
Silver
    • Category: Most invisible
    • Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Offers consumers “more time to pay” their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
    • Finovate demo: FinovateSpring 2011
    • Category: Best cash
    • Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
    • Finovate demo: FinovateSpring 2011
    • Category: Best SMB innovation
    • Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
    • Finovate demo: FinovateSpring 2012
    • Category: Best comeback
    • Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
    • Finovate demo: FinovateEurope 2011
Bronze
    • Category: Most disruptive
    • Innovation: Mobile checkout service that enables one touch payments across multiple applications.
    • Finovate demo: FinovateSpring 2011
    • Category: Best technology
    • Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today’s biggest identity and personal information threats.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best newcomer
    • Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
    • Finovate demo: Finovate Startup 2009
    • Category: Best debit
    • Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
    • Finovate demo: FinovateFall 2011
    • Category: Best prepaid
    • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best check
    • Innovation: Mitek’s patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the “gold standard” for mobile check deposit.
    • Finovate demo: FinovateSpr
      ing 2012

Finovate Alumni News– March 27, 2013

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  • Acculynk to provide UnionPay International UPOP authentication service via PaySecure.
  • GMC  Software Technology’s GMC Inspire now available as a complete solution with Xerox devices.
  • Klarna AB wins SEK 150 million contract with EVRY.
  • Finextra reports East River FCU & Ishpeming Community FCU to integrate Geezeo’s PFM product.
  • International Business News reports Aditi Technologies and TIBCO Software announce strategic alliance to bolster enterprise social and e-commerce solutions.
  • Lend Academy reports: Lending Club adds monthly income and loan ID filters.
  • American Banker reports: Harleysville Savings chooses Q2ebanking’s online banking platform.
  • TIO Networks surpasses 1 million transactions across all TIO Wallet members.
  • BankersLab launches Collections Edition of its Bank-it mobile game.
  • Bell State Bank deploys Fiserv’s mobile banking system.
  • Banking Technology looks at Kiboo’s participation in London’s fintech Innovation Lab.
  • Wilson Bank & Trust introduces MoneyDesktop to members.
  • TIBCO Software acquires Maporama Solutions.
  • P2P lending comes to real estate courtesy of Realty Mogul.
  • Small Business Computing takes a look at Flint’s pursuit of “highly mobile small businesses.”
  • Retail Touch Points features Jingit and a conversation on the importance of in-store marketing ROI.
  • Bank Crerdit News talks compliance with Fenergo CEO Marc Murphy.
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.