Finovate Alumni News

On Finovate.com

  • “LoopPay-powered Samsung Pay Launches

Around the web

  • MSN Money interviews Betterment CEO Jon Stein on the relationship between Baby Boomers and robo-advisors.
  • Xero announces plan to help SMEs get bank loans.
  • Jessica Ellerm talks with Mitchel Harad, SocietyOne CMO.
  • Discussion on multifactor authentication features insights from Thomas Bostrom Jorgensen, CEO of Encap Security.
  • Fox News looks at Realty Mogul in a feature on real estate investing for non-millionaires.
  • Blackberry selects PayPal for its P2P Payments provider.
  • ThreatMetrix appoints Armen Najarian as chief marketing officer.
  • Team One Credit Union and Mshift expand pilot tests of MShift’s AnyWhereMobile by bringing more merchants on board.

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

  • Xero and ZenPayroll Win Honors at CPA Practice Advisor 2015 Reader’s Choice Awards
  • Finovate Debuts: Using Financial Media Solutions’ MAPPS to Create Videographics

Around the Web

  • MasterQueue, powered by Intellaegis, partners with Whitepages Pro.
  • Bitpost lists Coinbase and Blockchain as 2 of the top 5 bitcoin wallets on Android.
  • EVO Payments partners with Boomtown to simplify tech support for POS developers and merchants.
  • Fintech Today reports: With Paydiant, PayPal Will Be a Huge Hit with Merchants.
  • Blackhawk to integrate Kofax Mobile Capture SDK into its digital services platform.
  • Team One CU to pilot MShift’s AnyWhereMobile payment-network with a locally owned restaurant in Michigan.
  • SecondMarket’s Bitcoin Desk Relaunches as Genesis Trading.
  • Taulia named by AlwaysOn as a 2015 OnFinance Top 100 Company.
  • According to Gartner, Check Point Software Technologies lead the worldwide market share for firewall equipment in Q4 2014 and FY 2014.

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.

 

MShift’s AnyWhereMobile Can Increase Debit Card Revenue for FIs While Reducing Interchange for Merchants

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

First to take the stage this session, MShift showed how AnyWhereMobile can bring debit card revenue to financial institutions while reducing interchange expenses for merchants: 
“AnyWhereMobile is a mobile payment network that will reverse the trend of Durbin and stabilize debit card margins for issuers while reducing interchange for merchants by 50%. AnyWhereMobile issuers will benefit from increased transaction volume, as merchants will be incentivized to steer a consumer’s tender choice to AnyWhereMobile. 
Our innovation creates a win-win-win for financial institutions, merchants, and consumers by fundamentally reducing the cost of a payment and passing the savings on to all three parties. AnyWhereMobile payments are authorized and secured at the point of sale in real time and have no dependency on any static card numbers.”
Presenting: Jeff Chen (VP Business Development) and Alan Finke (VP Engineering & Development)

Product Launch: August 2014 
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Fremont, CA
Founded: January 1999
Website: mshift.com 

Finovate Alumni News– October 12, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIDentity Theft 911 to offer Humana members ID management & credit monitoring services.
  • ThreatMetrix honored as bronze winner in the 4th annual 2012 Golden Bridge Awards.
  • Euromoney looks at SoMoLend as a funding alternative.
  • ReadyForZero answers questions about debt on Lifehacker.
  • Geezeo opens API to third party developers.
  • Monitise CFO John Brougham retires.
  • Finsphere issued 4th patent.
  • TIO transforms bill pay options for growing Hispanic marketplace through partnership with Progreso Financiero.
  • Arroweye Solutions’ digital tech powers growth at GiftCard.com.
  • Allied Wallet partners with Swedish e-commerce payment services provider Klarna.
  • Janrain and Bazaarvoice team to enhance social shopping experience via social login.
  • Pageonce and Blackstone Tech Group partner to bring utility companies a mobile payment option for customers.
  • Idaho Central CU launches RDC powered by MShift.
  • MyBankTracker reports Fifth Third Bank Statements Now Available on Manilla.
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 2012 in the Press

Here’s a look at the press coverage from FinovateFall 2012 held September 12 and 13 in New York:
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ABA Banking Journal
Bank Technologists Meet American Idol
by John Ginovsky

AdvisorOne
Stock Picking Goes Social as Stockr, aSpark Debut
by Joyce Hanson
American Banker
Apple Effect Evident at Innovator Gathering
by Mary Wisniewski
Dynamics Adds Another Option for Its High-Tech Cards
by Daniel Wolfe
Payfone Aims to Make Mobile Payments Pain-Free
by John Adams
PreCash to Debut Mobile Wallet for the Underbanked
by Daniel Wolfe
Reporter’s Notebook: Day 1 FinovateFall Favorites
by Mary Wisniewski

The Top 10 Tweets of Finovate

Andera blog
Finovate Takeaway: User Experience in Retail Transactions
by Andrea Hunter

Bank Innovation
Finovate Fall 2012: Demo Performance Scores and Reviews
by JJ Hornblass

Wade Arnold, CEO of Banno, Presents Grip
by Phillip Ryan

Bank Systems & Technology
5 Hot Bank Technologies From FinovateFall 2012
by Bryan Yurcan
Banno Releases Updated Grip Product
by Bryan Yurcan
MasterCard Forms New Rewards Program Partnership with Linkables Networks
by Jonathan Camhi
Mobile Commerce Company Payfone Debuts Checkout Solution
by Bryan Yurcan

Business Insider
Financial Planning Startup LearnVest Already Has Millionaire Clients
by Alyson Shontell

The Business Review 
To save or buy is ImpulseSave’s question

Celent
FinovateFall 2012 Recap
by Jacob Jegher

Consumer Reports 
Finovate Fall 2012: A solution to the mortgage crisis?
by Tobie Stanger
Finovate Fall 2012: Help with students’ loans and seniors’ bills
by Tobie Stanger

Finovate Fall 2012: Making, managing and keeping money
by Tobie Stanger

Finovate Fall 2012: Now maybe you’ll switch banks
by Tobie Stanger

Contactless News
Dynamics unveils Triple Interface, battery-powered payment card

Credit Sesame Blog
Check Out the Newest Way to Measure Your Credit and Loan Health!
by Erin Renzas

CreditUnions.com
Finovate Dispenses Inspiring Ideas (Part 1)
by Aaron Pugh

Finovate Dispenses Inspiring Ideas (Part 2)
by Aaron Pugh
The Currency Cloud blog
Finovate NY – Video & Photo Diary
by Nasir Zubairi 

CU Soapbox
GUEST POST: Innovation Unveiled In The Big Apple
Alix Patterson

Daily Finance
A Digital Wallet for the Unbanked: Mobile Finance Goes Downmarket
by Ross Kenneth Urken

The Digital Mailer Blog
FinovateFall 2012: A Recap

Discerning Technologist
Best of Show Locked Up? @MoneyDesktop Demo At #Finovate
by Bradley Leimer
Dough Roller blog
The Best Way to Track Your Investments Online (and it’s Free!)
by Rob Berger

Dwolla Blog

Dwolla at FinovateFall
by Caitlin
Financial Planning 
LearnVest Becomes an RIA, Plans to Hire Advisors
by Elizabeth Wine
Finextra
EToro launches social trading index
PreCash introduces mobile wallet for underbanked
Fintech Marketing blog
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY ONE
by William Mills III
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY TWO
by William Mills III
FintechToday
TOP TEN AT FINOVATE 2012
by Walt Cox
Forbes blog
4 Great New Tools to Manage Your Money
by Richard Eisenberg
Gonzobanker Can Make FinTech Amusing
by Tom Groenfeldt
LearnVest Reinvests In Its Mission: Financial Planning For The 99%
by Meghan Casserly
If You Want to Really Raise Capital, Try This Company and Not KickStarter
by Mark Fidelman
The Problem with Finovate
by Helaine Olen
GigaOM
Forget Mint, LearnVest’s new platform takes aim at financial planning industry
by Ki Mae Heussner
Locaid bolsters location service with IP address data
by Ryan Kim
Gonzo Banker
Vendor Dirt: 2012 Finovate Fall
by Scott Hodgins
Huffington Post Money Blog
Online Financial Planning: The Chilling Thing I Found Out About My 70th Birthday
by Catherine New
JP Nicols Blog
Finovate Fall 2012 Best of Show Winners
by JP Nicols
Keeping Nickels
My Tweets from #Finovate
by Nichelle Stephens
Moment NYC blog
Finovate Fall 2012: Less tech, more desire.
by Alexa Curtis
MyBankTracker
Dashlane: Finally Something that Might Actually Make Online Shopping Easier
Dynamics Introduces Card Capable of Swipe, EMV, Contactless Payments
Finovate Wrap-Up: What Can FinTech Do for You? Really?
by Willy Staley
Ideon Choice Unveils Platform for Customer-Created Savings Products
ImpulseSave: Another App to Help You Save
LearnVest Gets SEC Certified, Announces Mobile App, Upgrades
by Willy Staley
Linkable Networks, MasterCard Expand Card-Linked Offers
by Simon Zhen
Locaid: Enter the Digital Panopticon!
MoneyDesktop Connects PFMs Across Multiple Devices
mShift’s AnyWhereMobile Wallet Actually Adds Value
by Willy Staley
New Technologies Are Coming for Unbanked, Underbanked
by Simon Zhen
PayTap Debuts Shared Bill Payment Portal
PreCash Announces FlipMoney at Finovate: Mobile Money for the Underbanked
by Willy Staley
SwitchAgent: Bank-Switching Made Easy
by Simon Zhen
Tuition.io — It’s a Pun, Get It?
The New York Times Blog
LearnVest Dips Its Toes Into Investment Advice
by Ann Carrns
Next Avenue
4 Great New Tools to Manage Your Money
by Richard Eisenberg
NYConvergence
FINOVATE: Mobile and Social FinTech Innovations Dominate
by Lauren Keyson

PandoDaily
The Consumerization of Life’s Ickiest Chores Continues: LearnVest Injects Its Financial Planning Tools With Steroids
by Erin Griffith
PaymentEye
Payfone launches a mobile commerce checkout solution
PaymentsJournal 
MasterCard Keeps Investing in Rewards, This Time With Linkable Networks
PaymentsNews 
FinovateFall 2012 – Best of Show Winners
Payfone To Launch Mobile Commerce Checkout Solution
PayTap Launches Social Bill Pay Service
PreCash Introduces FlipMoney Mobile Wallet for Underbanked Consumers
The Paypers
Banno adds new features to Grip financial aggregation app
Payfone makes 1 Touch Checkout available, partners CardinalCommerce
PC World
New web apps tackle business finance problems
by Yardena Arar
PYMNTS
Banno Unveils New Features for Grip, Strengthens the Mobile Banking Standard with Pre-Transaction Insights
Silicon Prairie News
Banno unveils upgraded interface, new analysis tools for Grip
by Michael Stacy
Snarketing 2.0
SedUIced
by Ron Shevlin

Advice For Finovate Presenters
by Ron Shevlin
TechCrunch
Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You
by Sarah Perez
Dashlane’s Password Management Service Now Alerts Users When Their Accounts May Be Hacked
by Sarah Perez
It’s Not Just For Women Anymore: LearnVest Brings Financial – And Now Investment – Planning To Everyone
by Sarah Perez
Money Management Service Personal Capital Wants To Manage Your 401K
by Leena Rao
Telecompaper
Payfone launches m-commerce checkout service
Tier One blog
Finovate: Day One in Review
by Kathy Wilson
FinovateFall Part Two! All about Savings, Security and Slick New PFM Tools
by Sue Parente
The Next Web
eToro launches Social Trading Index for learning from other traders and sharing top techniques
by Jamillah Knowles
LearnVest launches redesigned tools, new financial plans and teases its upcoming iPhone app
by Harrison Weber
Thomson Reuters 
EPAM Systems and Thomson Reuters announced a partnership to develop and host an App Store solution
Upstart Business Journal
Financial planning, iPad app among best at Finovate
by Kent Bernhard, Jr
Get a 401(k), win an iPhone5
by Kent Bernhard, Jr 
LearnVest targets masses for professional financial advice
by Teresa Novellino 
No need to wait for crowdfunding
by Kent Bernhard, Jr
Personal Capital aims to disrupt 401(k)
by Kent Bernhard, Jr
Sci-fi meets finance at Finovate
by Kent Bernhard, Jr
VentureBeat
Financial planning for all: LearnVest gets its biggest update yet
by Devindra Hardawar

Locaid launches Internet and mobile location-tracking service
by Dean Takahashi
Be sure to check back because we’ll add more coverage as it is published throughout the week.

MShift Introduces AnyWhereMobile

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Concluding the first day here at Finovate, MShift showed how its solution helps community banks and credit unions issue mobile wallets:

“MShift presents AnyWhereMobile, a new payment network enabling Community Banks and Credit Unions to become the issuers of mobile wallets, and receive revenues from mobile payments. 

The AnyWhereMobile payment network will multiply the net interchange income of both debit and credit transactions for financial institutions, simultaneously slashing interchange fees for merchants by more than half. The technology behind the AnyWhereMobile initiative eliminates the majority of fraud losses for both issuers and merchants, and empowers merchants to generate additional rewards and discounts for consumers.”

Product Launching: Mid-2013
HQ Location: Fremont, CA
Company Founded: September 1999
Metrics: At 40+ employees, MShift’s history is as a profitable mobile banking company based in Silicon Valley. Now, they have innovated a new payment rail for use in their mobile wallets. MShift’s last capital raise was in 2000.
Website: mshift.com
Twitter: @MShiftMobile
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Scott Moeller (Chairman & CEO)
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FinovateFall 2012 Sneak Peek: Part 3

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Here is third and final look at the companies that will demo at FinovateFall September 12 &13 in NYC. Each company provided a short summary of the innovation they will debut on stage. In case you missed them, check out Sneak Peek Part 1 and Sneak Peek Part 2
Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateFall ticket here.
__________________________________________________________________

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Web-based attacks have been on the rise, and financial services is one of the primary targets of criminal, political, and chaotic actors. These attacks can cost institutions millions in lost transactions and business productivity each year, and even higher losses in their brand value and reputation. 
Akamai’s Kona Site Defender is the first cloud-based Web security solution to help financial services institutions protect against both large scale denial of service and sophisticated application-layer threats seeking to compromise their brands, applications, and associated data.
Innovation type: banking, online, security

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Banno brings instant pre-transaction insights derived from location, historical spending outliers and upcoming bills to its mobile experience.
When looking at bank statements, people naturally perform regression analysis and predictive modeling to find outliers in spending. In other words, Where did my money go? We feel that everyone needs more absolute data points to help in this decision process. Grip’s dashboard provides easy access to your immediate historical financial perspective, allowing insight into spending over time while exposing anomalies with transaction level patterns ordered by what’s most important today.
Innovation type: Mobile, payments, PFM

BlackhawkNetworkLogoSm.jpg

Gift cards represent an estimated $110+ billion business in 2012. Consumers have $40 billion in unspent funds and are clamoring for digital solutions as well as connections to their favorite brands. Increasingly, these branded currencies are becoming a larger portion of the commerce cycle and consumer wallets. Retailers, merchants, financial institutions, digital wallets and marketers are all looking to capitalize and participate in this space. 
At Finovate, Blackhawk is premiering its GoWallet Digital Services. These services help a host of digital players power deep engagement with consumers while creating new revenue streams through prepaid branded currencies.
Innovation type: Cards, mobile, rewards

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CK Mack announces the debut of its innovative investment platform featuring an investment product based on a tangible, insured asset; Rented Real Estate
Real Estate has been a haven for the wealthy investor since the dawn of time. Now anyone will be able to share in the cash flow of rental property without the high dollar buy-in previously needed to invest in this profitable market. Current low interest rates and market insecurity combine to make CK Mack an exciting option for portfolio diversification. 
Innovation type: Investing
EuronovateLogo.jpg

Euronovate is a “Zero paper company” aiming to transform every legal paper signed into an ab-origine electronic document with the same legal validity in all verticals worldwide. The new Pad Ensign10 and software platform ENsoft provide better legal and security management for electronic signature.
Euronovate is the first company to offer an end-to-end approach with legal support for electronic signature rules, process reenginering, system integration, hardware, software platform and digital archiving. Customers benefit from lower costs, a more efficient process, and an overall better experience.
 
Innovation type: Back office, sales, security

FinoveraLogo.jpg

Finovera is your free personal bookkeeper. It is the easiest and most convenient way to receive, organize and manage household bills, financial statements and important family documents – all in one secure digital file cabinet. Users link their accounts once, and Finovera automatically brings in new bills and statements, making bil
l workflow management hassle-free.
Finovera disrupts the old way of dealing with paper documents and brings the simplicity, efficiency and convenience to household information management. Finovera helps banks and credit unions to reduce customer service costs, increase customer satisfaction and deepens relationships to maximize customer wallet share.
Innovation type: Mobile, payments, PFM

IdeonChoiceLogo.jpg

The CHOICE direct-to-consumer model allows retail customers to create individualized savings and/or investment solutions from the convenience of any channel and device by selecting the term, guaranteed minimum rate, liquidity and source of additional potential return, all with the security of FDIC insurance, in a completely transparent, clear and honest manner.
Innovation type: Back office, banking, investing, mobile, online

IDologyLogo.jpg

See the next generation in knowledge-based authentication – a SaaS solution that allows businesses to present custom, out-of-wallet questions to consumers using their own data. 
IDology’s ExpectID Enterprise gives banks the ability to generate out-of-wallet questions using their internal proprietary customer transactional data located behind their firewall and without ever having to share that data with us. It is time to replace your shared secret questions (What is your mother’s maiden name?) with a higher security model that isn’t compromised by social media or vulnerable to account take overs. Be able to meet FFIEC compliance guidelines while creating a safer authentication method on high-risk transactions.
Innovation type: Identity, security

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See how the vexing problem of cross-channel integration has finally been solved! Financial institutions can now seamlessly connect the online and branch experience for consumers as they shop for financial products. 
A consistent consumer experience, easy ‘take your work with you’ cross channeling, best practice branch consultations, helpful product guidance, higher conversion rates, increased brand loyalty – just some of the many compelling benefits of Leadfusion’s new Cross Channel Selling solution. Unveiled publicly for the first time at FinovateFall 2012, from the leader in financial experience management.
Innovation type: Banking, marketing, sales

ManillaLogo.jpg

Manilla.com is a free, award-winning service that helps consumers manage everything in their lives in one place. Using just one password, consumers can track their financial accounts, household accounts and utilities, subscriptions, daily deals, and travel rewards, all through Manilla.com or Manilla mobile apps. 
Manilla stores account documents, sends reminders to help avoid late fees, and gives consumers a complete overview of their accounts, all through a clean, simple interface. For businesses, Manilla decreases costs by moving customers to paperless billing, accelerates revenue by driving on-time payments, and offers a powerful marketing platform for businesses to engage their customers.
Innovation type: Communications, mobile, PFM

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MShift presents AnyWhereMobile: a new payment network that enables Community Banks and Credit Unions to become the issuers of mobile wallets. 
Simultaneously, the AnyWhereMobile payment network will multiply the net Interchange income of both debit and credit for Community Banks and Credit Unions, slash the merchant discount fees borne by merchants by more than half and eliminate the majority of fraud. The huge savings generated by AnyWhereMobile empowers merchants to generate more merchant-centric rewards and discounts for consumers.
Innovation type: Banking, cards, payments

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PlayMoolah is on a mission to change the way kids and teens use their money! We design fun technologies for kids to experience money management to earn, spend, save, invest, and give. Through real dollars, real action, and real impact, we hope for kids to take control of their money, and become empowered by using it to live their dreams and create value for the world.
Innovation type: Marketing, online, PFM

Finovate Alumni News– May 21, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCU Times reports Ensenta & MShift partner in joint mobile banking & RDC deployment at 5 CUs.
  • Pacific Daily News recommends Mint.com Buxfer, or Budgetpulse for new grads to keep track of spending.
  • BankNXT looks at FinovateSpring Best of Show demos and Simple’s new app.
  • Taulia & SAP partner for dynamic discounting services.
  • Seattle’s KOMO News covers BillGuard.
  • Wall Street Journal suggests Mint, Credit Karma, HelloWallet & LearnVest as tools for financial novices.
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.

MShift Demonstrates its FI-Branded Mobile Wallet that Enables Offer and Loyalty Solutions

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MShift took the stage to show off its FI-branded mobile wallet solution:

“Welcome to Mobile Banking 2.0 – where financial institutions drive mobile commerce through a community of local businesses and consumers. We’re building FI-branded mobile wallet solutions that, in partnership with local businesses, enables mobile offer, loyalty, and payment solutions directly to consumers.”


HQ Location: Fremont, CA
Company Founded: 1999
Website: mshift.com
Introducing Jeff Chen (Vice President, Business Development) and Audra Robles (Marketing Analyst)

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Finovate Alumni news– April 24, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology news highlights T8 Webware’s internship program.
  • Arroweye Solutions patents digital on-demand technology.
  • Ensenta & MShift extend the reach of mobile banking with mobile deposit.
  • P2P-Banking reports Zopa to add more loan terms.
  • Celent publishes FinovateEurope 2012 report that looks at innovative payment startups.
  • Acculynk announces Digital River World Payments as a new PaySecure client.
  • Corporate Insight looks at FutureAdvisor. Come see their new tech at FinovateSpring 2012 in two weeks.
  • BancVue’s MoneyIsland wins Eifle Award for Instructional Game of the Year.
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.