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Alumni News– August 6, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Feedzai, FutureAdvisor, Insuritas, Kapitall, Kreditech, LearnVest, Motif Investing, Personal Capital, Prosper, Radius, Ripple, SigFig, TradeKing, Wealthfront
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYahoo! Germany looks at financial innovation in Kreditech.
  • Prosper earns a spot on the 2014 AlwaysOn Global 250 Top Private Companies roster.
  • Feedzai launches anti-fraud, transaction scoring apps for Shopify and Big Commerce.
  • Forbes.com features Betterment, FutureAdvisor, Kapitall, LearnVest, Motif Investing, Personal Capital, SigFig, and Wealthfront in a discussion on Millennial generation investment habits.
  • Richard Hagen, CEO of TradeKing Advisors, named to WealthManagement.com’s “Ten to Watch in 2015”.
  • Insuritas announces partnership with Financial Partners CU to open and manage its turnkey insurance solution.
  • Bank Innovation highlights alums SigFig and Ripple in a discussion on “8 under the radar fintech startups you should know.”
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.

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Alumni News– July 29, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Concur, Financial Guard, FutureAdvisor, Jemstep, Loop, Moven, Numbrs, Open Bank Project, Pellucid Analytics, Personal Capital, SigFig, Thinknum, Wealthfront, Xero

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  • Concur partners with Uber to allow Concur users to link their accounts and automatically send Uber receipts to their expense reports.
  • The Financial Brand looks at opportunity for banks and credit unions in the Loop Visa partnership. 
  • Open Bank Project making its API available during hackathon in September.
  • TechCrunch explores Pellucid Analytics’ take on PowerPoint pitch books.
  • Seed Me! Thinknum raises $1 million in seed funding round.
  • Feature on robo-advisors highlights seven alums: Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, and Wealthfront.
  • Macwelt reviews banking app Numbrs.
  • Bank Systems & Technology points to Moven as a nontraditional financial service provider “gunning” for banks.
  • Xero partners with MarketInvoice to bring faster funding to UK businesses.
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.

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Alumni News– June 9, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Betterment, Cortera, Fidor Bank, Financial Guard, FutureAdvisor, Jemstep, Kony Solutions, PlayMoolah, Ripple, Rippleshot, SigFig, VerifyValid, Wealthfront
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFive Weeks to SixThirty: Accelerator Program Sets July 11th Deadline.
  • VerifyValid announced partnership with Lake Michigan Credit Union.
  • ACI Worldwide’s Point to Point Encryption solution adopted by Ecentric Payment Systems in South Africa.
  • Chicago Tribune’s Blue Sky Innovation column takes a look at fraud detection innovator, Rippleshot.
  • NYmag features fintech from FinovateSpring 2014.
  • E27 looks at PlayMoolah’s Indiegogo campaign.
  • Cortera to bring its business credit risk management to Equipment Street’s marketplace.
  • Weight Watchers selects Kony to power mobile point of sale capabilities.
  • CoinDesk interviews Fidor Bank COO Michael Maier on the Munich-based bank’s decision to use Ripple Labs to move money.
  • Financial Guard, FutureAdvisor, Betterment, Jemstep, SigFig, and Wealthfront make Kiplinger’s Best Online Advisory list.
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.

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Finovate Alumni News– March 12, 2014

By David Penn Posted on
Categories: ACI Worldwide, Actiance, Cachet Financial Solutions, Credit Sesame, Fiserv, Guide Financial, Leaf, Lighter Capital, MasterCard, SigFig, Top Image Systems, Toshl, VerifyValid
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv digital banking solutions to be deployed at Finger Lakes Federal Credit Union.
  • ACI Worldwide launches latest version of UP BASE24-eps to enable “any-to-any” real-time payments.
  • Market Platform Dynamics CEO Karen Webster interviews Aron Schwarzkopf, CEO of Leaf.
  • The Guardian ranks Toshl among its top ten free apps for students.
  • Fiserv and MasterCard reach agreement to support adoption of debit EMV technology.
  • PromotedApp features VerifyValid’s multi-purpose, electronic checkbook.
  • TechCrunch: SigFig hires Financial Engines exec Steve Lifgren to build out its operations team.
  • The Start reports: Revenue loans like the ones from Lighter Capital are new way for tech firms to raise cash.
  • Actiance launches Socialite Feature Control, a new licensing option, in response to SEC ruling.
  • Credit Sesame launches premium services to better protect people’s credit and identity.
  • Cachet Financial Solutions acquires prepaid mobile platform business unit from DeviceFidelity.
  • Top Image Systems launches MobiREMIT, mobile remittance processing to streamline and accelerate payment processing.
  • Guide Financial to provide software for the more than 300 advisory firms in the Garrett Planning Network.
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.

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Finovate Alumni News– December 19, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Allied Payment Network, ayondo, CR2, findabetterbank.com, Finovera, FIS, Fiserv, Jemstep, Klarna, PaySimple, peerTransfer, planwise, SigFig, Tradeshift, Trustev
  • Finovate-F-Logo.jpgThe Chicago Tribune lists Planwise, SigFig, Jemstep and FindaBetterBank as tools to fix your finances.
  • peerTransfer announces record setting 2013, bringing total customer base to 400 institutions.
  • Tradeshift brings in $15 million of a $57 million equity round.
  • Trustev brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October.
  • Business2Community features PaySimple.
  • Allied Payment Network teaming up with ACI Worldwide to provide same day bill pay via PicturePay.
  • Klarna acquires Sofort to become 10% of Europe’s $100 billion e-commerce market.
  • Les Muma, former Fiserv CEO, to join board of directors of FIS.
  • UAE’s Bank of Sharjah to offer CR2’s BankWorld-powered mobile banking app.
  • ayondo announces new features including open positions in profile view.
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.

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Finovate Alumni News– December 10, 2013

By David Penn Posted on
Categories: Capital Access Network, Compass Plus, EyeVerify, Flint Mobile, Jemstep, Manilla, Mint.com, Motif Investing, NICE Systems, planwise, SigFig, Wealthfront
  • Thumbnail image for Finovate-F-Logo.jpgCapital Access Network changes its name to CAN Capital.
  • Compass Plus survey reflects declining support for NFC amid growing popularity of mobile channel.
  • CFA Institute’s Inside Investing takes a look at Motif Investing and “the secret revolution in finance.”
  • Gartner places NICE in leaders quadrant of the 2013 Magic Quadrant for Contact Center Workforce Optimization.
  • Wealthfront announces new ability to harvest losses on stocks that comprise an index.
  • Flint Mobile raises $2 million from Verizon Investments.
  • Mint, Manilla, SigFig, Jemstep and Planwise featured in Kiplinger’s list of smart online tools to manage finances.
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.

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Finovate Alumni Driving Growth in Online Investment Advisory Industry

By David Penn Posted on
Categories: Betterment, FutureAdvisor, Jemstep, LearnVest, Personal Capital, SigFig, Wealthfront

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If an investment portfolio gets optimized through an online investment advisor, do brick and mortar brokers make a sound?

As noted in today’s Wall Street Journal, many of the kinds of services that once were accessible only by high net worth investors patronizing financial advisors and planners in person are now available to the rest of us. This includes everything from using computer algorithms to make investment decisions to automatic portfolio rebalancing and asset allocation.

And of the seven companies highlighted in the column for helping make this possible, every single one is a Finovate alum.
In fact, two of the seven – FutureAdvisor and LearnVest – will be demoing their latest technology on the Finovate stage in New York next week for FinovateFall 2013.
The reasons for the growth in online investment advisory are as varied as the companies themselves. Some cite a new generation of investors far more comfortable with both handling their own finances and trusting the Internet to help. Others suggest that with Wall Street falling into disfavor in the wake of the financial crisis, more investors are willing to seek out non-traditional – and less expensive – sources of information and advice.
Bill Doyle, an analyst for Forrester Research who has studied the industry for more than a decade and is quoted in the column, puts it this way: “I’m paying a lot more attention this time around because the software required to transform this industry finally works.”
Whatever the reason, there’s no doubt that venture capitalists believe this time is different. Consider the funding success of the above seven companies in the past two years ago:
Note also that Wealthfront, which helps get investors into low-cost diversified portfolios, has assets under management (AUM) of $300 million. Betterment has a similar model and has AUM of $250 million.

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Finovate Alumni News– August 8, 2013

By David Penn Posted on
Categories: ACI Worldwide, Finect, Kabbage, Kofax, Leadfusion, Lending Club, On Deck Capital, PayPal, Prosper, SigFig, SocietyOne, Zopa
  • FinovateLOGO.jpgKofax announces completion of Kapow Technologies acquisition.
  • ACI Worldwide cites role of their Universal Payments Platform in net new bookings growth for 2013 in this week’s Q2 report.
  • The New York Times looks at Lending Club, Prosper, Zopa, On Deck, SocietyOne, and Kabbage as significant lending platforms.
  • Finextra reports: PayPal trials new geolocation payment service in London.
  • Leadfusion launches new RESPONSE interface for Premium Financial Tools.
  • Finect Founder Jennifer Openshaw moderates Best Practices in Compliant Social Media webinar. See Finect demo at FinovateFall 2013 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.

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Finovate Alumni News– July 15, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dwolla, edo Interactive, Expensify, Linkable Networks, Mint.com, PayPal, Personal Capital, ReadyForZero, SafetyPay, SigFig, Xero, Zooz
  • Finovate-F-Logo.jpgSafetyPay pulls in $7 million from International Finance Corp.
  • Xero releases Personal for iPhone, a mobile app for Xero Personal subscribers.
  • B2C looks at Dwolla as a challenger to PayPal.
  • Ad Exchanger lists edo Interactive and Linkable Networks as two card-linked offer providers.
  • Read our latest CEO interview with Oren Levy of Zooz.
  • Mint, Expensify, Ready for Zero, SigFig, and Personal Capital populate US News & World Report’s “10 Smartphone Apps to Boost Your Budget” list.
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.

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SigFig Lands $15 Million in Series B Funding From Top Investors

By Julie Muhn (@julieschicktanz) Posted on
Categories: SigFig

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SigFig, the platform that helps users manage a total of $75 billion in assets, recently received $15 million in Series B funding.

The round was led by Union Square Ventures and Bain Capital Ventures. Existing investors, DCM and a number of prominent angel investors also contributed.

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The San Francisco-based company plans to use the funding to scale and improve its services.

To learn more about SigFig, watch its FinovateFall 2011 demo.

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Finovate Alumni News– May 21, 2013

By David Penn Posted on
Categories: BillGuard, Birdback, Braintree, eToro, Figlo, Holvi, Jack Henry, Keynote DeviceAnywhere, SigFig, Tradeshift, Tyfone, Virtual Piggy, VoiceTrust, Wipit
  • FinovateLOGO.jpgBirdback teams up with Braintree for 3-day payments hackathon.
  • Indiana Members CU chooses Jack Henry & Associates’ Symitar for in-house core processing.
  • Keynote DeviceAnywhere adds mobile scripting, UI enhancements.
  • VoiceTrust moves operational headquarters to Canada, opening offices in Toronto and Montreal.
  • Figlo expands partnership with Yellowtail Consulting to enable stronger focus on South Africa.
  • Wipit partners with Sprint/ Boost Mobile to bring mobile payment capability to cash-preferred consumers.
  • Virtual Piggy signs first UK partners, Toy Galaxy and Toadstool.
  • eToro granted UK financial regulation approval from the Financial Conduct Authority (FCA).
  • Tyfone releases Connected Smart Card solution to allow FIs to enhance user ID info used to access sensitive data.
  • Tradeshift partners with Invoiceware International to deliver compliant e-invoice validation in Latin America.
  • BillGuard to integrate with Google Wallet for transaction monitoring.
  • SigFig Portfolio adds support for Windows Phone.
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.

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Finovate Alumni News– April 1, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, BehavioSec, CashStar, Dwolla, edo Interactive, Expensify, EyeVerify, FutureAdvisor, IntelliResponse, Jemstep, Kiboo, Klarna, Leaf, Lighter Capital, Micronotes, MicroStrategy, Narrative Science, On Deck Capital, Open Bank Project, Pageonce, Palo Alto Software, SigFig, Trust Egg, Tuition.io
  • Finovate-F-Logo.jpgExpensify makes Reconciliation and Central Administration features available for American Express corporate cardholders.
  • Micronotes providing series of marketing campaigns for USAlliance FCU to help cross-selling efforts.
  • Palo Alto Software announces launch of EntrepreWorld, a virtual environment to test business plans in a virtual world of avatars. Come see Palo Alto demo its latest technology at FinovateSpring.
  • Consumers CU chooses Andera’s oFlows platform for online account opening and lending.
  • Lighter Capital appoints Molly Gregg Otter as Vice President.
  • Bloomberg looks at how Jemstep, SigFig, and FutureAdvisor help manage your portfolio online. See Jemstep’s new tech at FinovateSpring.
  • Forbes takes a close up look at London’s FinTech Innovation Lab, including participants BehavioSec, Kiboo, and Open Bank Project.
  • Huff Post blog considers Lighter Capital’s Revenue Loans as alternative to VC funding.
  • GCN looks at Dwolla’s use in government.
  • Huff Post blog considers automated report-writing software company, Narrative Science. See its new tech at FinovateSpring.
  • MyBankTracker reviews Tuition.io.
  • Y C Universe profiles Trust Egg. See them demo at FinovateSpring in May.
  • MicroStrategy signs technology alliance agreement with MapR.
  • Berry Review takes a look at Pageonce Money and Bills on Blackberry 10.
  • Times of India highlights Klarna’s growth in Europe.
  • Incentive Mag previews the launch of CashStar’s table gifting solution.
  • Eye Verify announces results from biometric standard, performance and assurance lab survey. Join them in San Francisco for FinovateSpring.
  • IntelliResponse selected by KMWorld as one of “100 Companies that Matter in Knowledge Management” for 2013. Come see them in action at FinovateSpring in May.
  • New York City Mayor Michael Bloomberg officially ‘opened the doors‘ to On Deck Capital’s new NYC HQ.
  • Global Payments and edo Interactive launch pilot for card-linked offers network.
  • Boston Business Journal interviews Leaf CEO Aron Schwarzkopf. See Leaf’s demo at FinovateSpring 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.

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