Finovate Alumni News

On Finovate.com

  • “Munich-Based Fidor Bank Launches in the UK” —Check out Fidor Bank at FinDEVr, 6/7 October, in San Francisco.

Around the web

  • New P2P lending app, Ledge, leverages Venmo technology.
  • CNET features Wealthfront, Betterment, FutureAdvisor, SigFig, and Personal Capital in a look at investment in robo-advisers.
  • American Banker profiles PaySwag and its strategy to put a gamified face on debt collection.
  • Kashoo unveils version 4.4 of its iOS app.
  • American Legion magazine interviews Mark Rockefeller, StreetShares CEO and co-founder.
  • itBit announces new higher withdrawal limits.
  • Digital Retail Apps CEO and founder Wendy MacKinnon Keith wins 2015 Women in Payments Innovation Award.
  • InvestorJunkie lists its top 15 robo-advisers, featuring eight Finovate alums.
  • Braintree and PayPal reflect on their two-year anniversary. See Braintree show off its APIs at FinDEVr in San Francisco, 6/7 October.
  • EQ features DAVO’s sales-tax solution.
  • Bank Innovation highlights Ldger’s demo at FinovateFall last week.
  • Forbes features Aerospike. See Aerospike’s presentation at FinDEVr San Francisco on 6/7 October.

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

Around the web

  • Zopa CEO Giles Andrews quoted in The Financial Times column on the growth of P2P lending in Asia.
  • Daily Fintech looks at SigFig and its turn toward a B2B business model in the wake of the Yodlee acquisition.
  • Consumer Reports calls Betterment a “top 5” in customer service.
  • Top Image Systems announces “multiyear, multimillion” deal with a “top 5 U.S. bank”
  • Hot Topic names multiple Finovate and FinDEVr alum leaders in its list of top 100 in the industry.
  • Blockchain achieves 4 million bitcoin wallets.
  • Prosper moves into new headquarters after growing from 88 to 500 employees since 2013.
  • PayPal ranks in the top 5 of payments companies based on market cap.

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

Around the web

  • Let’s Talk Payments features Feedzai, Swipely, BillGuard, Wealthfront, Jemstep, SigFig, and Vouch in its review of companies “pushing the envelope” in payment analytics.
  • Zooz partners with Avalara to bring tax-compliance tools to its payment platform.
  • Daily Fintech profiles DarcMatter and its plan to bring access to alternative investments to the accredited masses.
  • TransferWise sets world record for largest human currency symbol.
  • Bank Investment Consultant takes a look at Betterment, Personal Capital, Motif Investing, FutureAdvisor, Blooom, Wealthfront, and Vanguard in its look at how traditional advisers can compete against robo-advisers.
  • BlinkMobile Interactive wins best enterprise mobility solution at Cloud World Series Awards in London.

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.

Xignite Inside: Market Data Provider Powers Apple Watch Apps for Finovate Alums

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APIs from Xignite are helping four Finovate alums bring their technologies to the Apple Watch.

Betterment, Motif Investing, Personal Capital, and SigFig all have taken advantage of Xignite APIs to provide their Apple Watch-wearing customers with tools to help them stay on top of their investments and finances. The features enabled by the APIs range from real-time news alerts on stocks and the ability to place live stock trades, to monitoring spending and conducting portfolio maintenance.

Personal Capital CTO Fritz Robbins called Xignite’s APIs a “key piece” in its ability to provide its customers with timely, accurate information. Xignite CEO Stephane Dubois added that his company’s cloud platform was uniquely positioned to serve the “billions of devices coming online every day.”

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Xignite CEO and founder Stephane Dubois demonstrated FactSet Fundamentals API at FinovateEurope 2015 in London.

“We are proud to be enabling these firms to make this leap into different technological ventures with our comprehensive and unique delivery of market data through our APIs,” Dubois said.

A leading provider of market-data cloud-solutions, Xignite’s reputation as the data provider behind fintech’s most dramatic disruptors is well earned. Earlier this month, CNBC took a look at some of Xignite’s clients, putting six of them (including five Finovate alums) on its CNBC Disruptor 50 list. Among the winners of the Benzinga Fintech Awards in April, 17 of the nominees and 11 of the winners used Xignite’s cloud-based financial market data (on its own, Xignite won “Best in Show” runner-up.) Recent partnerships with BMO Financial Group, ChartIQ, and MSCI this spring have helped Xignite significantly expand the range and variety of market data it can provide to its clients.

Xignite demoed its FactSet Fundamentals API at FinovateEurope 2015 in London, and participated in the inaugural FinDEVr event in San Francisco in the fall of 2014. Founded in 2006, Xignite is located in San Mateo, California.

Finovate Alumni News

On Finovate.com

  • itBit Raises $25 Million, Earns New York State Trust Charter Ahead of Finovate Debut Next Week in San Jose

Around the web

  • The Fiscal Times features Wealthfront, Betterment, Personal Capital, FutureAdvisor, SigFig, and Motif Investing in a column on the rise of the robo-adviser.
  • FierceFinanceIT highlights Lending Club and Prosper in its look at growing investment in P2P lenders by Wall Street.
  • Version 3.5 of Wallaby Financial’s new Android app provides ambient alerts to help consumers save on gasoline.
  • MiiCard CEO James Varga quoted in a column on Edinburgh’s tech pioneers.
  • CAN Capital reaches milestone of $5 billion in working capital facilitated through its platform.
  • Report on fintech in The Economist references Lending Club among key disruptors.
  • Nokia partners with Checkpoint for telco cloud security.
  • MyECheck completes acquisition and integration of Seergate.
  • Yodlee adds LearnVest acquirer, Northwestern Mutual, as client.
  • Javelin Strategy & Research lists 4 trends to watch at Finovate next week. Come see them unfold live at FinovateSpring 12/13 May.

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

  • SigFig Brings on New Advisory Board Members and $1 Million in Funding
  • Alt-Lender EZBOB Deepens Pockets by $46 Million

Around the web

  • InvestorCentral looks at market simulators and trading with Kapitall.
  • Alaska Air picks FIS as its partner for upcoming strategic payment initiatives including EMV.
  • Delicious Nutritious chooses globalVCard Spend Secure for its business payments.
  • Kiplinger highlights Motif Investing among “brokers that pay you to open an account.”
  • GMC Software Technology to provide GMC Inspire to Mail Handling Services.
  • Personal Capital launches app for the Apple Watch.
  • ReadyForZero interviews Michael Carvin, CEO of SmartAsset. Check out SmartAsset’s new technology at FinovateSpring.
  • Revolut and Sedicii win finalist spots in the Innotribe Startup Challenge.
  • American Banker features bitcoin exchange itBit. Watch itBit’s live demo at FinovateSpring.
  • TechCrunch: Infosys to acquire Kallidus for $120 million.
  • A look at “billion dollar” British startups at Forbes.com features TransferWise.

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.

SigFig Brings on New Advisory Board Members and $1 Million in Funding

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Robo-adviser platform SigFig today announced it added five members to its advisory board. Four of the new board members are investors in Nyca Partners, which furnished the San Francisco-based company with $1 million in new funding.

SigFig founder and CEO Mike Sha says he is more excited about the connections that Nyca has to offer than the funding it supplied.

SigFig, launched in 2007 as Wikinvest, has since garnered a total of $30 million in funding.

According to SF Gate, SigFig tracks around $350 billion in assets for its users. The company declined to comment on its total amount of assets under management.

SigFig demonstrated its automated investment platform at FinovateFall 2011.

Finovate Alumni News: March 2, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKnox News features SigFig and Motif Investing in its look at investment-tracking apps.
  • Bank Innovation takes a look at how Xignite “democratizes” financial trading.
  • ACI Worldwide teams up with STS PayOne to build fraud prevention technology for e-commerce merchants in the Middle East and Africa.
  • Payoneer appoints Neil Platt to Chief Revenue Officer.
  • Medium.com column on the money-transfer industry features CurrencyFair and TransferWise.
  • Financeit receives $75 million renewal from Pacific & Western Bank of Canada to help expand consumer financing program.
  • PYMNTS interviews Fiserv on how banks can capitalize on emerging trends.
  • Google launches a status dashboard for several of its cloud infrastructure services in the Google Cloud Platform.
  • PayPal acquires Paydiant for an estimated $280 million.
  • PayPal debuts chip & PIN and NFC payments-acceptance device.
  • Authentify Ranked 46 out of 500 Hottest Security Firms; its xFA Solution is a finalist for Authentication Solution 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.

Alumni News– February 27, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgWired column looks at LoopPay and the evolution of digital wallets.
  • Silanis Technology partners with Box to help the cloud storage and file sharing specialist provide financial services.
  • Bank of the West to offer photo billpay courtesy of technology from Fiserv and Top Image Systems.
  • Finovate Debuts: Novabase Puts Watson-Powered Wizzio to Work Boosting Sales and Productivity.
  • Mainstreet reviews top roboadvisors including Wealthfront, Betterment, Personal Capital, FutureAdvisor, SigFig, Motif Investing, and LearnVest.
  • Prosper partners with Western Independent Bankers to offer consumer loans to unattractive borrowers.
  • Tech City News features video highlights from FinovateEurope 2015.
  • That Was Easy: Staples to Use Lendio to Power Small Business Lending.
  • Daily Fintech looks at programmable bank trends via APIs from Fidor, Open Bank Project, Yodlee, and Xignite.
  • AlleyWatch interviews MaxMyInterest CEO and founder Gary Zimmerman.
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.

Alumni News—February 2, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Telegraph features SigFig and Motif Investing in its list of the 10 best apps for new investors.
  • PostConnect to deploy customer communications management technology from GMC Software Technology.
  • Heckyl Technologies chooses Gurpreet Sidana for President-Sales.
  • Tom’s Guide column on identity theft quotes Adam Levin of IDTheft911.
  • American Banker reports: Green Dot to start offering credit lines to its customers.
  • TechVibes: “Trulioo Launches $100,000 Developer Fund to Support Financial Inclusion Efforts”
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.

Alumni News– January 23, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInternet Retailer looks at the relationship between product reviews and revenue courtesy of a new report from Baazarvoice.
  • Xero highlighted as “our best purchase of 2014” by Business Betties.
  • MakeMoneyYourWay profiles EZBOB and its new business loan promotion, the New Year’s Revolution.
  • Zee News’ Money Guru interviews Abhishek Dwivedi, vice president operations at BankBazaar.com.
  • Liverpool Echo features Toshl Finance in its list of must-have apps for busy moms.
  • Investopedia’s guide to choosing roboadvisors spotlights nine Finovate alums: Betterment, FutureAdvisor, JemstepLearnVest, Motif Investing, Personal Capital, SigFig, TradeKing, and Wealthfront.
  • Benzinga Fintech Awards publishes its video interview with Gary Zimmerman, CEO of MaxMyInterest.
  • American Banker covers OnDeck’s small business loan marketplace for institutional investors.
  • Pymnts interviews René Lacerte, CEO and Founder of Bill.com about how to simplify B2B payments.
  • Mifos welcomes new partners: SkooliLabs and iSystems
  • Google Cloud Platform releases beta of Google Container Registry for secure hosting, sharing, and management of private container repositories.
  • BlueVine Grabs $18.5 Million to Increase Small-Business Lending.
  • Encap Security CEO Thomas Bostrom Jorgensen asks if biometrics provide a “false sense of security” in a column for Bob’s Guide.
  • Akimbo Financial acquired by Payment Data Systems.
  • Kreditech Secures $200 Million Line of Credit.
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.

SigFig Starts 2015 with New Mobile Features, Refreshed Look

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If SigFig’s New Year’s resolution was to create a fresh look and new features, the investment portfolio tracker and manager is starting out the year right.

Those familiar with SigFig may first notice that the previous pig logo has been swapped out in favor of a more modern design. Additionally, the web and mobile user interfaces have a simplified, cleaner appearance.

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Aside from aesthetics, the upgrade brings new mobile features to SigFig’s free iOS and Android apps. One of those new features, launching today, is Managed Accounts on mobile.

Previously, the automated investment service was only available on the web interface. Now users can not only track, but also manage their investments and risk tolerances from the SigFig app on their mobile device.

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In addition to managing users’ portfolios, SigFig aims to simplify users’ investing lives by educating them about fees and strategies, as well as offering a single place where they can track all of their investments.

SigFig last demonstrated at FinovateFall 2011.