Finovate Alumni News– February 27, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMountain America CU chooses ProfitStarsImageCenter and Enterprise Payment Solutions.
  • TSYS renews payments agreement with Commerce Bank.
  • ProfitStars announces partnership with OnDeck to deploy LendingNetwork platform.
  • Wealthfront’s automated investment advisory service goes mobile with new app.
  • Arroweye’s 2013 performance reveals 25% growth & 60%+ increase in open loop card fulfillment compared to 2012.
  • SpendMatters covers Tradeshift’s and Taulia’s divergent yet converging cases and value propositions.
  • Tradeshift raises $75 million, plans to open office in Tokyo.
  • Andera upgrades software to enable mobile applicants take photos of their driver’s licenses during the application process to populate data fields automatically.
  • Kabbage now extending more than $1 million per day in funding to small businesses.
  • Kony and AirPlug partner to deliver enterprise-grade mobile solution to mobile network operators.
  • CashStar wins Digiday Retail Award for achievement in online retail marketing and advertising.
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 22, 2013

  • FinovateLOGO.jpgForbes Magazine names FIS one of the 100 most innovative companies in the world.
  • BusinessManager from ProfitStars is driving revenue growth and customer acquisition for Great Western Bank.
  • Arroweye Solutions launches data-driven card marketing with CustomerConnect.
  • Ameriana Bank to deploy Picture Pay from Allied Payment Network.
  • Mashable takes a look at PayPal’s face-verification system for mobile payments.
  • Yodlee, Moven, and Mint featured in Wired column on the “banks of tomorrow.”
  • Narrative Science co-hosts this week’s InnovationChat at built in Chicago. See them demo at FinovateFall in September.
  • Segmint CIO David Hadley writes about building a cybersecurity framework today in BAI Banking Strategies.
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 7, 2013

  • FinovateLOGO.jpgMasterCard CEO Ajay Banga announces MasterPass digital wallet now accepted by more than 20,000 merchants.
  • EyeVerify reaches finals in four categories of the 2013 Silicon Prairie Awards.
  • Ralph Marcuccilli, president and founder of Allied Payment Network, talks about the benefits of photo bill pay.
  • ProfitStars introduces hosted version PROFITstar Budget Manager, supported by Windows Azure for cloud computing. First Interstate Bank replaces Excel-based budgeting process.
  • U.S. PayPal users given option to withdraw money using MoneyGram.
  • London Loves Business blog highlights Nutmeg, Zopa, and Wonga as well-known London-based fintech startups.
  • Cardlytics names Jim Morgan as first CFO. Come see Cardlytics demo at FinovateFall in New York September 10 and 11.
  • PreCash launches PayConnect mobile and online bill pay platform.
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 1, 2013

  • Finovate-F-Logo.jpgKeyBank names ProfitStars software operations strategic partner of the year.
  • Payment Eye interviews Currency Cloud CEO, Mike Laven.
  • Checkpoint Technologies partners with Mobile Labs.
  • Zopa sets record for P2P Lending in UK, amassing a total £20m lent for July.
  • ACI Worldwide again wins SWIFT Certified Application accreditation for its ACI Money Transfer System.
  • Meet the Innovators of FinovateFall 2013.
  • Kabbage announces it’s made 80k advances over 2 years, with an advance volume 4X higher than nearest direct competitor.
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– July 24, 2013

  • Finovate-F-Logo.jpgCardlytics hires Jim Morgan as its first CFO.
  • Yodlee lets U.K. lenders view prospects’ bank account data.
  • Q2ebanking expands into 85,000 square foot Austin corporate headquarters, poised for continued growth with new talent.
  • TechMarketView reports: ValidSoft offering additional security in a multi-channel world.
  • Congruity Solutions features ShopKeep POS on radio talk show.
  • ProfitStars introduces iPay OneClick bill pay and Andiamo, a way to deploy mobile services without core integration.
  • Fidor Bank AG to create “liability umbrella” in new partnership with German bit coin marketplace, Bitcoin.de.
  • The Currency Cloud nominated for Best Online Payments Solution (Merchants) in 2013 Payments Awards.
  • Bank Info Security interviews Akamai’s Fran Trentley on security challenges in the mobile environment.
  • Paul Miniutti of ProfitStars talks about the link between ATMs, mobile devices, and P2P payments.
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– July 23, 2013

  • Finovate-F-Logo.jpgYodlee launches suite of solutions to give self-directed investors a full picture of their wealth and investments in one place.
  • Forbes lists Narrative Science as 1 of 5 exciting tech companies you’ve probably never heard of.
  • Huffington Post features Personal Capital, Mint, and Manilla as tools to organize finances.
  • First Federal Bank and United Community Bank have selected Fiserv’s DNA account processing platform.
  • Commerce Bancshares extends use of Alogent Payments Gateway from ProfitStars.
  • Thomsen Reuters announces availability of Checkpoint Pocket Assistant for the iPhone, free app for tax professionals.
  • Check to provide mobile bill pay to Desert Water Agency customers.
  • NYSE CIO Peter Leukert to lead FIS’s strategy and thought leadership team.
  • Technologies from Kalixa, DeviceFidelity, and MasterCard combine to bring moneto mobile wallet to the U.K.
  • VerifyValid partners with Deluxe to offer secure check payment solution to small businesses. See VerifyValid demo at FinovateFall in New York.
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.

Lendio and ProfitStars Team Up to Provide Small Business Financing Solutions

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The partnership between Finovate alumni Lendio and ProfitStars provides small businesses with ProfitStars’s accounts-receivable financing solution, BusinessManager, as well as access to the company’s LendingNetwork alternative-financing referral program.

The goal is to make it easier for small businesses to obtain the capital they need to grow and expand. BusinessManager is a web-based financial program that lets businesses sell their accounts receivables to their bank at a discount on a daily basis.

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The LendingNetwork provides financing to creditworthy business customers through a network of more than 20 commercial providers. It serves as an option for those customers unable to access traditional lines of credit.
Lendio matches lenders with small businesses owners seeking financing. The company was founded by Brock Blake (CEO) and Trent Miskin (CTO) in 2006, and is based in South Jordan, Utah, near Salt Lake City. Lendio includes among its partners companies like legal zoom, Experian, and Dun & Bradstreet Credibility Corporation.

        

ProfitStars is a division of Jack Henry & Associates focusing on developing products and services designed to help financial institutions control risks, minimize costs, and grow revenue.
Lendio demonstrated its lending platform as part of the FinovateSpring 2011 show in San Francisco. See the company’s presentation here. ProfitStars demoed BudgetManager at the FinovateSpring 2012 show one year later. A video of the demo is available here.

Finovate Alumni News– July 16, 2013

  • Finovate-F-Logo.jpgSimple celebrates first birthday with $1 billion in annual transactions.
  • Lendio will connect SMBs with ProfitStars’ BusinessManager solution and LendingNetwork program.
  • 3Rivers is the first credit union to deploy Allied Payment Network’s PicturePay mobile billpay solution.
  • ACI Worldwide partners with DBS to deliver online banking platform to corporate clients in Asia.
  • Payments Source reports: Virtual Piggy Enables Payments for Toy Robot Seller.
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.

Banno, ProfitStars Power Generations Bank’s First Mobile App

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Leveraging technology from a pair of Finovate alumni – Banno and ProfitStars, Generations Bank heralded the growth of its first mobile app, mygenmobile, in an announcement this week.

Adoption and participation rates with the new app have been impressive. According to Generations Bank, since its January launch:

  • More than half of the app users have accessed it more than 10 times.
  • The top 10% have accessed the app 45 times or more. The top 5% accessed it 60 times or more, and the top 1% of subscribers accessed it 95 times or more.
  • During May the bank’s billpay subscribers increased by 30% with bill pay transactions up to 16%, year over year.

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Generations Bank is based in Seneca Falls, New York, and has more than $260 million in total assets. The bank launched its app at the beginning of the year, and has picked up more than 600 mobile banking customers since. Mobile users account for 30% of its online banking base.

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Banno specializes in helping financial institutions use their own banking data to better understand their customers and grow their businesses. ProfitStars, a division of Jack Henry & Associates, develops software solutions ranging from imaging and payments processing to security and risk management.
Both companies are veterans of FinovateSpring in San Francisco. Banno presented its marketing solution for banks, Banno Kernel as part of the 2013 show. ProfitStars was on the Finovate stage one year earlier, demonstrating their Budget Manager technology. Banno’s demo is available here. See ProfitStars at work here.

Finovate Alumni News — June 25, 2013

  • FinovateLOGO.jpgProfitStars launches Gladiator eBanking Compliance Services.
  • IntelliResponse announces release of VOICES, virtual agent technology that captures consumer data from client interactions.
  • GoBank emerges from beta, mobile app now available on iOS.
  • ACI Worldwide launches Proactive Risk Manager to combat account takeover and ACH/wire fraud.
  • Check out Stockr’s winning video at Splash LA May 2013.
  • ReadyForZero announces new credit score and mortgage resource centers.
  • Lending Club CEO Renaud Laplanche named 2013 Ernst & Young Entrepreneur Of The Year award winner.
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 28, 2013

  • FinovateLOGO.jpgChris Larsen, CEO and co-founder of OpenCoin, calls Ripple, “HTTP for money” in CoinDesk feature.
  • Credit Union Times: ProfitStars‘ Director of Strategic Insight Lee Wetherington talks credit unions and big data.
  • Kalixa Group teams with MasterCard to test prepaid card.
  • Barron’s Electronic Investor column on Quantopian now available to non-subscribers.
  • Mateo’s Tech Travels reviews TransferWise.
  • Business Insider hosts Dwolla CEO Ben Milne in Startup Lab interview.
  • One of the largest financial services corporations in the world invests more than $4.6 million for software, maintenance and professional services with Kofax.
  • American Banker reports: Kabbage’s Fresh Idea for Small Business Finance.
  • TIBCO announces launch of Cloud Bus, a subscription-based Integration Platform as a service (iPaaS) offering.
  • BellaDati opening partner network in Russia.
  • IP Commerce closing payment processing service on June 30.
  • M2CASH rebrands as V2PAY, now offers electronic ID verification, virtual loan solutions, virtual cards & virtual merchant services.
  • Billhighway adds Kids Kicking Cancer as client.
  • Comarch to provide reference, market data to SIX Financial Information.
  • Standard Chartered launches VISA Infinite Credit Card with chip and PIN 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.

Finovate Alumni News– May 23, 2013

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  • CMS Wire reports: Linkable Networks: Improving the Customer’s Path to Purchase.
  • Lighter Capital appoints Jeff Seely to board of directors.
  • Pymnts.com reports: BillGuard Acts As Antivirus For The Disease Of Fraud.
  • Expensify to begin new pricing structure.
  • Global Finance magazine names Taulia the best worldwide invoice discount management solution.
  • Expensify will soon be made available to over 250,000 Citrix enterprise customers.
  • BillFloat extends SmartPay pilot program with Radio Shack partnership.
  • Newfination interviews Mitch Fox, co-founder of GoodApril.
  • Wired’s Beyond the Beyond column features OpenCoin in a report from the Bitcoin 2013 business convention.
  • ProfitStar’s iPay Solutions named among best places to work in Kentucky.
  • Billhighway adds the Friends of Birmingham Historical Museum & Park as new client.
  • TransferWise wins a spot on Mashable’s list of “20 Hot London Startups You Need to Watch.”
  • Yodlee and Check (formerly Pageonce) are among the companies highlighted in American Banker column on reimagining PFM for mobile.
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.