Finovate Alumni News– June 5, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInfoWorld looks at Keynote DeviceAnywhere’s role in mobile app testing.
  • Busniess News Daily describes SoMoLend as a matchmaker for business.
  • TimesUnion reports Keynote DeviceAnywhere and Worksoft Partners form partnership.
  • Wipro wins 10 year contract from Manipal Health Enterprises to implement Hospital Information System.
  • DemystData and Chexar Networks announce the launch of improved scoring models for underbanked consumers.
  • MoneyDesktop now integrated into the Symitar Episys processing platform at Member Driven Technologies.
  • Kashoo launches MVP program to give accountants & bookkeepers what they need to bring their clients to the cloud.
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 30, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTradeshift to Offer Taulia’s Dynamic Discounting.
  • Startup Beat interviews CoverHound CEO, Basil Enan.
  • Acculynk and National Payments Corporation of India Announce Internet PIN Debit Partnership.
  • miiCard Launches Twitter Trust Campaign By Verifying Real Identities.
  • PaySimple Named Red Herring Americas Top 100 Winner.
  • Financial Post discusses Kashoo’s mobile distribution strategy.
  • High Beam Research reports on DoughMain’s financial education pointers.
  • TechCrunch reports BOKU Scales Up, Will Power Carrier Billing For In-App Payments In The T-Mobile Mall.
  • CU Times reports MoneyDesktop Adds 17 Credit Unions as PFM Users.
  • Check Point Introduces New Security Acceleration Module with Advanced SecurityCore Technology for High Performance in Low Latency Environments.
  • CNN Money Launches New Investing Home Page with StockTwits Trending Tickers.
  • Advocate’s Studio recommends Enloop for when you need a fast business plan.
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 22, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPersonal Capital updates privacy and security policy.
  • Geezeo signs Westmoreland Community Federal Credit Union.
  • Bobber Interactive adds Scott Rigby, Ph.D, Founder of Immersyve Inc., to its executive team.
  • Mortgagebot launches consumer loan product to automate mortgage & consumer loan origination.
  • Pawtucket Credit Union selects Q2ebanking for ebanking services.
  • Virtual Piggy appoints best-selling author, Stedman Graham, to its board of advisors.
  • MyBankTracker comments on Money Desktop’s integration of Deals into a PFM.
  • Mobile Payments Today looks at the CSI globalVCard.
  • Business2Community looks at Linkable Networks’ technology.
  • Crain’s Chicago Business covers Kabbage’s Social Klimbing.
  • Acculynk announces a UX upgrade to their graphical PIN pad.
  • Luup powers National Bank of Abu Dhabi’s real-time international account-to-account money transfer service via mobile.
  • Figlo wins Best Demo award.
  • SoMoLend wins Startup 2012 business pitch competition.
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 2012 in the Press

Here’s a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune’s live blog on PaymentsViews, which covers all 63 presenting companies:


2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee

BillGuard Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Cardlytics Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Concur Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Flint Mobile Demo @ Finovate Spring 2012 Conference (Day 2)
by Bobby Lee
Mitek Systems Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
TIO Networks Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
WattzOn Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Bank Innovation
5 Finovate Demo-ers’ News Catching Our Eye
by Mary Wisniewski

4 More Finovate Products We Like
by Mary Wisniewski

Bank Technology News
Best of Finovate Spring Day 1
by Penny Crosman
Best of Finovate Spring Day 2
by Penny Crosman

Dwolla Pitches Fast Fund Transfers, but Bank Participation is Vital
by Sean Sposito
Edo to Harness Payment Data to Spur Consumer Spending
by Victoria Finkle

WattzOn Helps Banks Help Customers Save on Energy Bills
by Sean Sposito

BankersLab Blog
CreditLab Launch: Reactions and Responses

Finovate, Simple, and Re-Imagining Banking Applications
by Bradley Leimer
Live at FinovateSpring 2012- day 1
by Jelmer de Jong
Live at FinovateSpring 2012- day 2
by Jelmer de Jong

CoverHound Debuts Comparison Tool for Auto Insurance 
by Cheronne Thurab 

Business Insider
Finally, a Mobile App That Helps You Save Money: Meet Urge
by Willy Staley

What Does $4.6 Billion in Coupon Savings Have to Do with Savvy Consumers?
by Andre Bourque

C’est pas mon idée!
FinovateSpring 2012: quoi de neuf?
by Patrice Bernard

Currency Marketing Blog
Four Conference in Four Days
by Tim McAlpine

Credit Union Times
MoneyDesktop Named Best of Show at FinovateSpring Conference
by Natasha Chilingerian

Daily Disruption
Flint Mobile Announces Beta Launch at Finovate and Closes $3 Million Round of Financing
by Tim Rygh

The Daily Guardian (BillGuard’s blog)
Financial Community Awards BillGuard Best Of Show at Finovate
by Maryanne

DCisions Blog
DCisions at Finovate Spring 2012
by Kritika Ashok

Des Moines Register 
Dwolla offers software for free
by Adam Belz

Des Moines Register Blog
Dwolla, Social Money earn praise at national banking conference
by Marco Santana

Kuspit, el primer Finovate mexicano
by Alicia Salgado

Experian Blog
Business IQ Express… what is the media saying?
by Roslyn Whitehurst 

FamZoo Blog
Finovate Winners
by Bill Dwight

Flint taps phone cameras for card payments
SoMoLend closes $1.17 million seed round

Forrester Blog
Finovate Spring 2012: Digital Financial Services Innovation
by Tiffani Montez

FP Pad
[Video Spotlight] inStream Solutions CEO Alex Murguia at FinovateSpring 2012
by Bill Winterberg
[Video Spotlight] iQuantifi CEO Tom White at FinovateSpring 2012
by Bill Winterberg
[Video Spotlight] Sarah Carter of Actiance at FinovateSpring 2012
by Bill Winterberg

Accelerating Innovation at Finovate 2012
by Hans Eisenbeis
Investment News
Personal Capital launches iPhone app
by Davis Janowski
Lazy Man and Money
What’s Hot and What’s Not from Finovate 2012
Mercury News
Money Goes Mobile 
Montreal Gazette
Montreal’s Wall Street Survivor teaches about investing
by Jason Magder
Can FinTech Stop You from ‘Showrooming?’
by Willy Staley
MoneyDesktop: How Personalized Deals Shine in PFM Tools
by Simon Zhen
Save Your Wallet, and Maybe the Planet, with WattzOn
by by Willy Staley
On Deck Capital Blog
Photo Journal: Our Finovate Demo
Highlights from Finovate Spring 2012 San Francisco 
Live Blogging Finovate Spring 2012 San Francisco
by Erin McCune
The Paypers
ZipZap rolls out CashCade payment service
PaySimple Blog
PaySimple at Finovate
by Sarah Jordan
PC World
New Web Apps and Services for Business
by Yardena Arar
Finovate Best in Show
by Aliisa Rosenthal
BehavioSec voted ‘Best of Show’ for biometric solution by audience at Finovate Spring, San Francisco
Silicon Prairie News
With upgraded FiSync, Dwolla cuts 3-5 day wait to real-time
by Michael Stacy
Silver Tail Systems Blog
Finovate Spring Demonstrates a Growing Richness in Online Interactions
by Laura Mather
Social Lending Network
Roundup of Social Lending News – May 12, 2012
by Peter Renton
Capital One Snags Mobile Savings Startup BankOns, Team Moving To Capital One Labs
by Sarah Perez
Flint: A New Mobile Payment App For Small Businesses Picks Up $3M From Storm, True Ventures
by Ingrid Lunden
How Personal Capital Wants To Bring Money Management Into The Internet Age [TCTV]
by Colleen Taylor
Nearing The 1M User Mark, Expensify Adds ‘Trips’ Feature To Mobile Apps
by Colleen Taylor
The Anti-Groupon? Edo Launches Real-Time Local Offers Platform, Tied To Your Bank Card For Instant Credits
by Sarah Perez
List Of Winners Of Top Fintech Conference, Finovate
by Zack Miller
World News (
Instream Solutions Ceo Alex Murguia At Finovatespring 2012

FinovateSpring Best of Show Winners Named

Our fifth annual FinovateSpring in San Francisco concluded a few hours ago. After seeing 63 demos over two packed days, the audience voted for their three favorites each day. The top seven overall were named Best of Show (see notes).

The winners (in alphabetic order):

  • BehavioSec for its new security layer based on user typing/swiping patterns
  • BillGuard for its card charge dispute platform, BillGuard FI
  • Dwolla for its FISync service to enable banks to originate real-time payments
  • iQuantifi for its new financial planning & advice tools
  • MoneyDesktop for its PFM platform and integrated “deals”
  • Personal Capital for its iPhone app and interbank funds transfer
  • SoMoLend for its P2P lending platform

We’ll have videos of all 63 demos posted at as fast as possible (probably 2 weeks out).

Thanks to everyone who presented, attended, tweeted, swapped biz cards, schmoozed and helped push fintech forward. You are the greatest! 


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 as the day went on and choose three favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day.  
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. Note: Ballots with more than three companies circled will not be counted.”  
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.

MoneyDesktop Launches a Targeted Offers Program, Announces Partnership with Visa


Today, MoneyDesktop demonstrated how it integrated Deals into its PFM:
“Deals by MoneyDesktop, rises above the noise of other untargeted, complex offers platforms by fully integrating into MoneyDesktop’s PFM backbone and using anonymized user transaction data to deliver a three-pronged value proposition:
Value to Financial Institutions (FI’s) – With compelling offers pushed daily to account holders, FI’s will:
    1. Drive loan growth from increased PFM adoption, account aggregation and transaction data
    2. Acquire new account holders faster and at lower costs with Deals viral sharing capabilities
    3. Acquire new merchant accounts as the result of relationships built with local merchants
Value To Merchants – Deals leverages actual transaction data and empowers Merchants to:
    1. Target consumers that are buying in their category but not from them 
    2. Track and measure actual customer acquisition and customer spending data
    3. Implement an automatic and paperless redemption tool without complicating operations
Value To End-Users – Via the Deals app, Users receive unprecedented value through:
    1. Offers, individually tailored from personal transaction data, for items they’re already buying 
    2. An automatic redemption process that eliminates cumbersome coupons and promo codes
    3. Automatically issued electronic cash-back for Deals that have been redeemed
MoneyDesktop combines all the best practices in the offers space with its award-winning PFM and eliminates the huge value disconnect of other offers programs. This puts MoneyDesktop in a whole different category with a game-changing solution for FI’s and Merchants that will positively impact the lives of millions of consumers.”
Product Launched: May 2012
HQ Location: Provo, UT
Company Founded: March 2010
Metrics: Triple-digit growth over the past 2 years, 22 online banking/core/payment network partners, 260+ FI clients, 45 employees
Introducing Ryan Caldwell (CEO) and Matt West (VP of Sales)


Finovate Alumni News– April 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIntuit buys Demandforce for $424 million.
  • SafetyPay awarded its first patent.
  • Baxter CU to integrate member data into the MoneyDesktop PFM for a real-time look into finances. Come check out MoneyDesktop at FinovateSpring 2012 in San Francisco.
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 26, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovate Alums take the stage at the Future of Money Conference 2012.
  • Netbanker: Pageonce Removes Billpay Subscription Fee in Favor of Per-Transaction Pricing.
  • followed Personal Capital, Intuit, Boku, Tradeshift, and CashStar at the Future of Money Conference.
  • Backbase & GFT sign European partnership agreement.
  • State of Washington picks Doxo for paperless files.
  • BehavioSec chosen as one of the “Cool Vendors” in Identity Access Management, 2012 report by Gartner.
  • Alpena Alcona Area CU selects MoneyDesktop’s PFM to offer members a better online banking experience.
  • Northwoods CU signs onto Cachet Financial Services’ mobile remote deposit 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.

FirstData to Use MoneyDesktop’s PFM in Online Banking Solution


Today, Utah-based MoneyDesktop announced it signed an agreement with FirstData, a global technology and payments processor.

As a part of this agreement, FirstData’s online banking offering, FundsXpress fx eBanking, will feature MoneyDesktop’s PFM:

“The PFM tool includes account aggregation from more than 10,000 financial institutions as well as budgeting and debt management tools to help financial institution customers manage all of their financial accounts in one place.”


FirstData online banking customers will have access to the PFM beginning in the third quarter of 2012.

To learn more about MoneyDesktop, come to FinovateSpring 2012 to see its live demo.

Finovate Alumni News– April 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Paypers reports Geezeo inks contract with Loc FCU.
  • ProfitStars introduces RemitCentral for centralized payment processing. See ProfitStars at FinovateSpring.
  • Business Insider looks at why PayPal continues to be relevant to small businesses.
  • GeekWire reports how VC investments in Finsphere brought VC cash to Seattle.
  • Yodlee partners with Central 1 to power PFM for Canadian financial institutions.
  • AlphaClone now displays stock prices on Sentiment Charts.
  • Forex News Now reviews Currensee.
  • Ping Identity named 1 of Denver Post’s 2012 top workplaces.
  • FirstData to use MoneyDesktop’s PFM in online banking solution.
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 Adds 19 Credit Union Clients

Thumbnail image for MoneyDesktopLogo.jpg

Yesterday MoneyDesktop, financial management tool developer, announced the addition of 19 Credit Union clients. 

The new clients will use MoneyDesktop’s PFM solution to bring their members the money management solution within their online banking platform.

Below is the list of newly added clients:

  • Day Air Credit Union
  • Cumberland County Federal Credit Union
  • San Antonio Citizens Federal Credit Union
  • Peninsula Federal Credit Union
  • Achieve Financial Credit Union
  • Torrance Community Federal Credit Union
  • AAC Credit Union
  • Tomah Area Credit Union
  • Ukrainian Selfrelaince New England Federal Credit Union
  • Spirit of America Federal Credit Union
  • Health Employees Federal Credit Union
  • Evergreen Credit Union
  • Omaha Douglas Federal Credit Union
  • Family Focus Federal Credit Union
  • Northern Paper Mills Credit Union
  • Air Guard Federal Credit Union
  • Newaygo County Service Employees Credit Union
  • Oshkosh Truck Credit Union
  • Northern Teachers Community Credit Union

This brings the Utah-based startup’s total number of clients up to over 260.

To learn more about MoneyDesktop, come see its FinovateSpring 2012 demo in San Francisco on May 8 and 9. Get your ticket here.