Finovate Alumni News– October 23, 2013

  • Finovate-F-Logo.jpgOnline trading community tradimo and ayondo form partnership to offer tradimo users an alternative to active trading.
  • Tradeshift announces Dynamic Discounting as latest early payment offering to suppliers and buyers.
  • Dwolla partners with Alliance Data Systems to launch Dwolla Credit.
  • Wall Street & Technology takes a look at Fenergo’s report on client on boarding.
  • Zopa profiled in Yahoo Finance UK column on peer-to-peer lending.
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 5, 2013

  • FinovateLOGO.jpgInvestment News’ “In Tech” column features Jared Broad, co-founder and CEO of QuantConnect.
  • Crowdfundinsider reports on SeedInvest’s new feature: SeedInvest Groups.
  • Bamboo Innovator takes a look at “do-it-yourself” hedge fund site, Quantopian.
  • Monitise wins Cross-Border Deal of the Year award for acquisition of Clairmail.
  • CommunityLend launches FinanceIt iPad app for consumer financing in store or on the road.
  • Zopa CEO Giles Andrews urges banks to keep customers in mind in address at Wired Money.
  • Temenos unveils solution to make it easier for banks to integrate 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.

Finovate Alumni News– June 21, 2013

  • Finovate-F-Logo.jpgBraintree opening office in Sydney, Australia, that will cater to developers and startups.
  • Monitise named winner in the Inspire Wales Awards.
  • Pindrop Security raises $11 million led by Andreessen Horowitz and Citi Ventures.
  • Metaforic wins American Technology Award for Cyber Security.
  • New Business interviews CurrencyFair founders on saving money when making foreign currency transactions.
  • Biz Report’s Mobile Marketing column features 3 tips to improve location-based campaigns in an interview with Locaid CEO, Rip Gerber.
  • INTJ Capital takes a look at QuantConnect’s announcement that it has added historical FX and US equity tick data.
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– June 19, 2013

  • Finovate-F-Logo.jpgBRE Bank, operator of mBank launches “new mBank”, which is based on Meniga´s PFM.
  • U.S.-based life insurance carrier expands use of Kofax solutions by investing an additional $550k to automate document processing.
  • Personal Capital introduces new dashboard features.
  • Bank Innovation visits Dwolla’s new office in NYC.
  • The Next Web reports: Simple launches its Goals feature on the iPhone.
  • Ping Identity named in IDG’s Computerworld 2013 Best Places to Work in IT.
  • Zopa cuts personal loan rate to 4.9%.
  • QuantConnect adds FX, US equity tick data; raises capital.
  • MicroStrategy to partner with Hortonworks to improve Apache Hadoop usability.
  • ixaris shows off its new look and rebranding.
  • Web AppStorm reviews Kashoo’s cloud-based accounting technology.
  • eDeposit teams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
  • LICUOS named a finalist in the Next Bank Madrid – Innotribe Startup Disrupt.
  • Fox Business News features Arxan CEO Mike Dager on mobile banking security.
  • Better ATM Services CEO Todd Nuttall talks about the “real lessons” from the Cyprus financial crisis.
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.

QuantConnect Adds FX, US Equity Tick Data; Raises Capital

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How do traders and investors who “sell in May and go away” spend their summers?

If you are a quantitative trader looking forward to spending the sunny months indoors backtesting trading strategies, then QuantConnect has some very good news for you: the company just announced that it now provides backtesters with five years worth of foreign exchange tick data and U.S. equity tick data going back to 1998. For free.

“This has never been done before,” said QuantConnect CEO Jared Broad in a telephone conversation. The data comes courtesy of two new partnerships: U.S. data provider QuantQuote.com is providing the equity data, while FXCM, the largest retail FX broker in the United States, is making available the forex data.
Clean, extensive U.S. equity tick data is a precious enough commodity for most quants. But access to forex tick data can be almost impossible for the average, non-professional trader to come by. 

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What’s next on the data front for QuantConnect? The company is currently looking for quality futures data sources, ideally with trade execution. In addition to helping QuantConnect serve an even broader trading and investing public, futures data would also help attract those working in commodity-sensitive industries such as transportation and agriculture to the platform, said Broad.
QuantConnect’s data announcements come on the heels of the company’s recently closed funding round. The actual amount of the financing remains undisclosed. Broad said that the funding came from angel investors with backgrounds in quantitative trading and investing, and that the funds will contribute toward operations. 
QuantConnect demoed their technology as part of the FinovateEurope show in London earlier this year. Watch the company’s presentation here.
Correction: The U.S. equity data provider was misidentified in a previous version.

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.

Finovate Alumni News– May 10, 2013

  • Finovate-F-Logo.jpgPalo Alto Software and Ping Identity partner to provide single sign-on.
  • PC World features Virtual Piggy. Come see its live demo at FinovateSpring next week.
  • Bolstr launches in Chicago neighborhoods.
  • ForexThink takes a look at QuantConnect and the rise of algorithm-based trading.
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 18, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSilicon Republic takes a look at TipRanks. Join TipRanks in San Francisco for FinovateSpring in May.
  • QuantConnect adds crowd sentiment data courtesy of Estimize.com.
  • DeviceFidelity’s patent portfolio grows with new NFC-based mobile wallet technology.
  • The Valley Girl Show interviews Pageonce founder and CEO Guy Goldstein.
  • Palo Alto Software launches LivePlan Scoreboard. Check out the demo at FinovateSpring.
  • Newfination features Bethy Hardeman, Credit Karma Communications Director, who explains its different services.
  • Concur App Center to offer cloud-based single sign-on from Ping Identity.
  • Quantopian integrates data sets from Canadian financial search engine startup, Quandl. See Quantopian’s technology at work at FinovateSpring in May.
  • Nomis Solutions partners with Recombo, integrates Discretion Manager with Agreement Express.
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 15, 2013

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  • INTJ Capital compares and contrasts Quantopian and QuantConnect. Join Quantopian in San Francisco for FinovateSpring.
  • MicroStrategy launches mobile app Usher, e-wallet for digital I.Ds, keys. See them demo at FinovateSpring in May.
  • Paybefore takes a look at the TSYS‘s acquisition of NetSpend and ponders “prepaid’s end game.”
  • Monitise Group Strategy Director Richard Johnson talks about trends in mobile money.
  • BancVue chooses MicroStrategy platform for business analytics.
  • CPA Practice Advisor takes a look at the new, updated iPad app from Kashoo.
  • This is Money blog looks at Zopa’s growth.
  • Yodlee awarded 50th patent for financial gadgets.
  • SoMoLend travels nationwide to teach small businesses & investors about crowdfunding.
  • Austin Business Journal considers BancVue’s inverted sales pitch.
  • Newfination hosts SoMoLend CEO, Candace Klein, who explains how the platform’s  crowdfunding capability.
  • Intelligent HQ interviews The Currency Cloud’s CEO, Michael Laven.
  • Pando Daily profiles crowdfunding pioneers like SeedInvest and SoMoLend. Join SeedInvest in May for FinovateSpring.
  • The Next Web interviews TipRanks‘s CEO and co-founder Uri Gruenbaun.
  • Chevron teams up with WattzOn to launch The Capacity Project for sustainable growth.
  • Refundo launches free iPhone app. Check out Refundo’s live demo at FinovateSpring.
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– March 20, 2013

  • Thumbnail image for Finovate-F-Logo.jpgFenergo releases enhanced compliance and customer onboarding support solution for FIs.
  • FIS announces seven-year agreement with FirstBank Puerto Rico for outsourcing services.
  • Fortnoff Financial reviews TradeKing.
  • The Valley Girl Show interviews Locaid CEO, Rip Gerber.
  • Creative Huddle takes a look at TransferWise as a disruptive force in banking.
  • BillGuard launches early, limited MVP testing version of iPhone app.
  • Expensify bolsters SalesForce integration by supporting FinancialForce.
  • American Banker reports Backbase launches Portal 5.4,  enhancing digital marketing to include better targeting & more.
  • Cortera launches Cortera Lookalikes to seek out new customers  that look and act like a company’s existing customer base.
  • rPlan launches “rplan University”, an online course to provide crucial education on investing.
  • ID Analytics launches ID Network Attributes, targeted consumer behavior insights that provide visibility into identity or transaction risk.
  • Lend Academy reports LendingClub loans being snatched up quickly (within hours).
  • PaySimple partners with CheckAlt to provide suite of payments and receivables tools to SMBs.
  • Validata to provide test case content for Temenos T24 German Banking Suite.
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– March 15, 2013

  • Mistral Mobile announces partnership with Alaric.
  • GMC Software Technology reports user community growth of more than 700% since inception.
  • Opportunity International expands partnership with Temenos.
  • Communication Federal Credit Union rolls out Tyfone mobile banking tech.
  • CNBC features Renaud Lamplache, Lending Club CEO Renaud Laplanche.
  • BostInno features Cartera Commerce on what innovation means to them.
  • SC Magazine readers select Check Point for best enterprise firewall and best IPS solution in 2013.
  • QuantConnect partners with Battle-Fin.com in $20 million seed-capital trading tournament.
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.

QuantConnect Presents a Cloud-Powered Stock Market Simulator

This post is a part of our live coverage of FinovateEurope 2013.

quantconnect_logo.jpgNext to the stage is QuantConnect with its stock market simulator and backtesting solution:

“QuantConnect gives engineers free access to a stock market backtester with high-resolution data for designing trading algorithms. Engineers can design strategies and have them distributed to working capital.’
‘We are demonstrating our cloud-powered backtester, capable of simulating years of stock data in minutes. Users can design strategies in C# IDE, compile them online, and run them across 14 years of tick data (up to 8 TB data).”

Product Launched: February 2013

HQ Location: New York, NY, USA, and Santiago, Chile
Company Founded: August 2011
Metrics: Raised $60,000; 3 employees; more than 500 beta-testing engineers/users
Twitter: @quantconnect
Presenting Jared Broad (Co-Founder) and Shai Rosen (Co-Founder)
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