Finovate Alumni News

Around the web

  • Market Prophit unveils its social market sentiment smart beta index.
  • Silicon India takes a look at Ayasdi’s plans to use the capital raised in its latest $55 million funding.
  • Financial Advisor IQ highlights Betterment and Motif Investing in its discussion of millennials and machines.
  • QuantConnect is now integrated with Interactive Brokers.
  • ProfitStars celebrates surpassing 600 FIs using its Remote Deposit Anywhere technology.
  • FIS wins Best Core Banking, Best Outsourcing Project honors at Asian Banker Technology Implementation Awards.
  • TechCrunch: Yodlee’s Joe Polverari writes about LearnVest and its acquisition by Northwestern Mutual.
  • ABC’s 7 On Your Side quotes IDTheft 911 founder Adam Levin on protecting your driver’s license from identity theft.
  • Connect Financial Software Solutions to provide real-time, P2P payments courtesy of new partnership with Acculynk.
  • Cortera announces new releases of eCredit Software.
  • Zoho partners with Forte Payment Systems to offer electronic payments directly with Zoho Finance apps.
  • Dexterity Ventures’ Place2Give releases GIVE_api v. 2.0.
  • Pymnts interviews SimplyTapp president and co-founder Ted Fifelski.
  • PayPal to be publicly traded on NASDAQ in Q2 2015 with its original stock ticker symbol PYPL.

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


  • AlwaysOn’s OnFinance Top 100 Features 30 Finovate Alums
  • SaveUp Purchased by Chicago-Area Entrepreneur Paul J. Burt

Around the Web

  • Turk Ekonomi Bankasi (TEB) launches digital banking service developed by Monitise.
  • Dragon Wealth earns spot in Startupbootcamp FinTEch’s inaugural Singapore program.
  • Ayeyarwady Bank (AYA Bank) to deploy Bankworld ATM platform from CR2.
  • Virtual Piggy hires Viant Capital to provide financial advice on strategic options.
  • MasterCard presents its PFM “in-reach” benefits-platform to help issuers engage millennials.
  • iQuantifi teams up with MTSU Jones College of Business to produce inaugural Millennial Money Mindset Survey.
  • Motif updates its iPhone app to enable search-and-browse capability of motif catalogues directly from the app.
  • FreeAgent launches first iOS app to help manage invoices and expenses on the go.
  • PYMNTS features predictions from Blackhawk Network, Bluefin Payments, CashStar, Experian, FIS, Fiserv, and SimplyTapp.
  • Xero Denver named Top Workplace by Denver Post.
  • American Banker examines how Malauzai is helping small banks get a head start on Apple Watch.
  • PayPal confirms bitcoin acceptance option in SEC filing.

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


  • Finovate Debuts: mydesq Helps Wealth Managers Save Time and Boost Engagement
  • YapStone Closes $60 Million Debt Financing Deal

Around the Web

  • Xignite recognizes innovative uses of its market data API at Capital One People & Money Hackathon.
  • CashStar teams up with IDT Telecom to expand digital gift card distribution among the underbanked.
  • Ingo Money closes acquisition of Fuze Network.
  • The Guardian Business profiles CurrencyFair co-founder Brett Meyers.
  • CSI globalVCard earns two finalist spots at the 2015 SIIA Software CODiE Awards.
  • Robust Tech House takes a look at the differences and similarities between Quantopian and QuantConnect.
  • Tibco updates Live Data Mart software with embedded predictive analytics and support for the internet of things (IoT) and in-memory data-grid technology.
  • Mozido to use SimplyTapp’s HCE technology to bolster payment platform.
  • Callcredit partners with Trulioo to power AML/KYC verification services. Come see Trulioo’s live demo at FinovateSpring in San Jose.
  • Notre Dame FCU to open full-service insurance agency powered by Insuritas.
  • Forbes talks to Trulioo about solving AML/ KYC for startups. Come see Trulioo at FinovateSpring.
  • Valid Soft deploys voice biometrics solution to a large U.S.-based corporation, its first U.S.-based customer.

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.

Payments Platform Mozido Adds $2.5 Million to SimplyTapp’s Series B Round


Host Card Emulation company, SimplyTapp, announced a $2.5 million addition to this week’s most recent round, bringing its Series B total to $8.5 million and total cumulative funding to $10.1 million.

The Austin-based company announced the first round, which was furnished by Blue Sky Capital and Lightspeed Venture Partners, last November.


The funding comes from mobile payments and rewards company, Mozido, which is also based in Texas.

SimplyTapp demonstrated at FinDEVr San Francisco 2014.

Another +1 For Host Card Emulation: SimplyTapp Garners $6 Million


Host Card Emulation (HCE) solutions company, SimplyTapp, is making it easier for banks to place their own tap to pay functionality in customers’ hands.

To further this mission, two investors, Blue Sky Capital and Lightspeed Venture Partners, recently contributed $6 million in Series B funding to the Austin-based startup.


Other funding rounds include a $1.4 million Series A round last November and a $200,000 seed round in February of 2013. Its total funding now tallies just over $7.5 million.

Check out SimplyTapp’s video from FinDEVr San Francisco 2014, where it explains HCE.

Alumni News– November 14, 2014

  • Finovate-F-Logo.jpgIntelliResponse acquired by [24]7 for its customer service suite.
  • Another +1 For Host Card Emulation: SimplyTapp Garners $6 Million.
  • Financeit Brings in Fresh Funding After U.S. Launch.
  • Payfone selected as “Best Revenue Creator/Enhancer” for Mobile Network Operators in the 2014 Fierce Innovation: Telecom Edition Awards.
  • InComm & PayPal collaborate to offer digital gift cards.
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– October 30, 2014

  • 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.jpgTemenos announces availability of its new mobile banking app.
  • Mitek reports more than 3,000 FIs have signed up for its mobile deposit solution.
  • BBVA Compass partners with Dwolla to bring real-time payments to bank customers.
  • Personal Capital announces $50 million series D round.
  • xconomy profiles anti-fraud innovator, Trustev.
  • Fiserv launches Popmoney for Disbursements.
  • Insuritas to open and manage turnkey insurance agency for Heritage Community Credit Union.
  • Knox Payments recognized in emerging startup category at Venture Forum RVA event.
  • features how SimplyTapp uses host card emulation (HCE).
  • Lendio partners with The UPS store to help SMBs.
  • Cardlytics pulls in $70 million in Series F round, prepares for IPO.
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.

FinDEVr 2014: SimplyTapp Shows How Host Card Emulation Increases Security

This post is part of our live coverage of FinDEVr San Francisco 2014.

SimplyTapp stepped up to show off how it uses Host Card Emulation:

Host Card Emulation
Overview of SimplyTapp’s HCE solution and offering.
Presenter: Doug Yeager
HCE (host card emulation) experts and providers.
Twitter: @SimplyTappNews

FinDEVr Preview: Who’s Who on Day Two


There will be a lot going on over the course of the two day FinDEVr conference in San Francisco next Tuesday and Wednesday. You can still pick up your ticket here.

Each of the companies below will have 6 minutes on stage to show off what their tools are all about:


PayStand, an online payment solution that offers zero transaction fees

Presentation: Comparing the Strengths and Weaknesses of Different Payment Types
Card Networks (Visa/MasterCard/Amex), eCheck (ACH/Bank Network/Check21), and Digital Currency (Bitcoin/Ripple/Altcoins) all have unique advantages and disadvantages. Explore the different use cases of why each are valuable and learn how to use PayStand’s unique multi-payment network technology to build the next generation of commerce applications.
Why it’s great for developers:
    • Payments as a service
    • Enables merchants to accept eCash, eCheck, and credit card payments
    • Allows for no transaction fees
PayStand is an online payment solution that enables organizations to accept credit cards, eChecks, and digital currency without transaction fees.


Plaid, an API that powers fintech applications

Presentation: Plaid: API for Financial Infrastructure
Learn all about Plaid, the problems we’re solving, and the companies we power.
Why it’s great for developers: 
    • Access detailed account and transaction data from financial institutions
    • Authorize accounts for ACH and Wire transfers in seconds
    • Verify account holder information

Plaid is an API for financial infrastructure – we give developers the tools they need to build applications that interface with banks.


Prudena is a subscription-based online community that provides value analysis to developers.

Presentation: Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.

Why it’s great for developers: 

    • Allows you to reduce the time required to perform financial statement analysis
    • Better understand risk by running simulations
    • Aggregate your investments accounts
Prudena automates the process of performing high-quality financial statement analysis–saving investors time and improving their decision-making processes.


SecureKey Technologies delivers authentication solutions for online consumer services

Presentation: Moving Away from Passwords: The Future of Digital Identity
We are first exploring some of the traditional ways to secure online access. We will then look at a more innovative approach via device anchoring and dynamic authentication that will show the audience how to strongly and uniquely identify customers with a unified solution across devices.
Why it’s great for developers: 

    • Every authentication event provides unique proof of their customer’s identity
    • Simple access with a better, more secure user experience
    • Eliminates password frustration Connect can provide users with the opportunity to use simpler methods that are actually far stronger than passwords and better secured.

SekurMeLogo eliminates passwords by turning your phone into your digital identity. 

Presentation: Want to be secure? Eliminate passwords!
If you don’t have a password, it cannot be stolen. See a live demo of a patented disruptive technology taking security to the next level, while making login safer and simpler. And see how it can be used to secure payments and reduce shopping cart abandonment for eCommerce and mCommerce.
Why it’s great for developers: 

    • Eliminate passwords
    • Single-Click payments
    • Checkout and pay in 9 seconds
If you don’t have a password, it cannot be stolen.


SimplyTapp provides host card emulation

Presentation: Host Card Emulation
Overview of SimplyTapp’s HCE solution and offering.
Why it’s great for developers: 

Host Card Emulation (HCE) is the presentation of a virtual and exact representation of a card using only software.


Tagcash, a digital payments and rewards company

Presentation: TAGCASH
The importance and benefits of a platform for both users and merchants that makes use of these key features: digital wallet usage, merchant payments integration, remittance capabilities, and built-in rewards program (which includes marketing modules and advertising).
Why it’s great for developers: 

    • Digital Wallet Usage (including Remittance)
    • Rewards Program
    • Practical Advertising
Cash, Rewards, and Advertising can all be found on a single (yet multi-featured) and safe /secure platform.


The TxPUSH Initiative makes real time account events available to third party apps.

Presentation: Aggregation 2.0 – TxPUSH and the Evented Financial Web
TxPUSH technology is focused on aligning app user experience and FinTech industry players around the Evented Financial Web. The TxPUSH technology will improve the security model of the existing account aggregation ecosystem and promote the delivery of real-time financial transaction data to account holders in the apps they choose.
Why it’s great for developers: 

    • Eliminate third party interactions with user credentials
    • Push real time transactions to your app
    • See the launch of TxPUSH and the Evented Financial Web
TxPUSH and the Evented Financial Web deliver the framework to build secure, event driven, real-time apps for the Evented Financial Web ecosystem.


Thinknum provides technology for financial analysts to host their financial data in the cloud.

Presentation: Thinknum: A Powerful Web Platform for Financial Analysis
Learn about Thinknum, the web platform that is changing the way that financial analysts work. Find out more about our unique data and technology that enhances the financial research process.
Why it’s great for developers: 

    • Utilize unique web data to value companies
    • Leverage web technology to enhance the research process
    • Manage user generated content
Thinknum is changing the way that financial analysts work, enabling them to manage their own content while enhancing their research processes.


Trulioo a cyber identification company.

Presentation: Trulioo’s Global Gateway
Demonstrating how Trulioo’s Global Gateway verifies a consumer’s identity within a single, unique portal. We will input a person’s first name, last name, date of birth and address to show how Trulioo verifies these attributes from our 130+ data sources.
Why it’s great for developers: 

    • Anti-Money Laundering and Know Your Customer compliant electronic ID Verification
    • Instant global address verification for ecommerce and P2P
    • Access over 3B identities
Global Gateway is the leading identity verification solution with the largest coverage in the market.