Alumni News– February 25, 2015

  • Finovate-F-Logo.jpgFinovate Debuts: How Trunomi Shares Customers’ Personal Info while Maintaining Their Privacy.
  • LendingRobot adds Automated Secondary Market Trading.
  • Digital River wins the 2015 Merchant Payment Ecosystem Award.
  • PYMNTS looks at Credit Karma’s funding history and future plans.
  • Lincoln Savings Bank to Deploy CorePro from Social Money.
  • Verde International and Lending Club featured in PYMNTS column on banks and non-traditional loan decision-making.
  • Xero Raises $110 Million from Accel Partners, Matrix Capital.
  • CAN Capital and Worldpay partner to improve access to capital for SMEs.
  • Crain’s Chicago Business looks at Rippleshot and its plans for winning bigger clients.
  • ValidSoft launches its Device Trust solution with a second major UK bank.
  • Yelp Senior Vice President of Revenue Jed Nachman joins PaySimple Board of Directors.
  • Bluefin Payments partners with Infinite Peripherals, an mPOS device provider.
  • ProfitStars launches its Commercial Lending Center, a small business lending portal.
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.

Lincoln Savings Bank to Deploy CorePro from Social Money

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Social Money, the company that launched – and was formerly known as – the consumer personal finance management solution, SmartyPig, will bring its core processing platform CorePro to Lincoln Savings Bank, an Iowa-based community bank with 17 branches.
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For Lincoln Savings CEO Erik Skovgard, advanced technology, mobility, and affordability were among the main reasons why he sought a partnership with Social Money. “CorePro helps us provide a next generation web and mobile bank-in-a-box type of experience,” he said. Skovgard hopes the platform will help his bank attract younger customers “at a price we can afford.”
Social Money CEO Scott McCormack added, “We are making it possible for banks to compete again. It shouldn’t cost so much for innovation, and it certainly shouldn’t cost so much to offer basic services.”
The cost-savings come from being able to run the platform on a stand-alone basis, without having to integrate with legacy systems to get started. CorePro can be used for saving, checking or certificate of deposit accounts, and provides real-time transfers with card platforms, including prepaid. Read more about CorePro here.
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Above: Social Money CEO Scott McCormack presenting at FinovateSpring 2012.
As we reported last month, Social Money is also launching its CorePro technology in India, courtesy of a partnership with the Bill and Melinda Gates Foundation. The company announced last fall a partnership with H&R Block to promote goal-based savings for the tax-preparer’s ard customers, and another deal with TMG to bring prepaid payment options to millennials and the underbanked.
Founded in 2008 in Des Moines, Social Money demoed its GoalSaver technology as part of FinovateSpring 2012.

Alumni News– January 27, 2015

  • Finovate-F-Logo.jpgHarland Clarke to use CUneXus’ cplXpress to enable automated, pre-approved lending to its customers.
  • With grant from Bill & Melinda Gates Foundation, Social Money to pilot CorePro in India to help underbanked.
  • Spreedly crossed the $50 million credit card transactions per month milestone in December.
  • TechCrunch: Prosper purchases American Healthcare Lending for $21 million.
  • Cachet Financial’s Mobile Money Platform integrates with ApplePay.
  • Check out FinovateEurope 2015 Sneak Peek: Part 5. We’ll see you there in two weeks.
  • Hara Partners lists PayStand as one of five ecommerce solutions for SMBs.
  • Tradeshift partners with Recruit Holdings, Japan’s largest staffing company, to solidify presence in Japan.
  • Navy FCU’s Visa Buxx App, powered by Cachet Financial Solutions, named winner in Paybefore Awards.
  • Authentify’s xFA available on Samsung’s Solutions Exchange, enabling two/multi-factor authentication on Samsung devices.
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 28, 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.jpgSilanis Technology launches eSignLive for Sharepoint.
  • CRIF announces acquisition of Dun & Bradstreet UAE in Dubai.
  • National Health Service website, NHS Choices, chooses Quill from Narrative Science.
  • Check Point Software announces availability of Check Point Capsule, a mobile solution that offers protection for business data and devices.
  • InComm partners with Groupo BB e Mapfre to enable consumers to purchase insurance from local vending machines and retailers in Brazil.
  • BillGuard now uses geolocation to detect credit card fraud.
  • H&R Block turns to Social Money to promote goal-based savings for Emerald Card customers.
  • Check out a spooky clip from Moven about paranormal spending activity.
  • Southern Bank Selects Malauzai Software for Mobile Banking to Ensure Bill Pay Integration, Provide Customers with PicturePay.
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 6, 2014

  • Klarna partners with Digital River; brings Klarna Invoice’s online payment solutions to 7 European countries.
  • ACI Worldwide enters strategic partnership with Shaw Systems.
  • PayStand launches API to empower one-click payment acceptance of Bitcoin, eCheck and credit cards.
  • MasterCard teams up with Newgen to digitize Procure-to-Pay and Order-to-Cash services.
  • Infomilo lists 12 Finovate alums among its top 25 hottest fintech startups.
  • SmartyPig’s Social Money collaborates with TMG to provide prepaid payment options for millennials and underbanked.
  • Union Square FCU hires Insuritas to launch insurance agency.
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– October 31, 2013

  • Finovate-F-Logo.jpgIntuit to acquire FullSlate, an online scheduling company.
  • Boku partners with PassportParking, enabling consumers to pay for parking using their mobile number, and billed to carrier billing statement.
  • American Banker comments on the savings strategies of SaveUp, Betterment’s ImpulseSave, and Social Money.
  • FIS study reports: Customer engagement in real-time payments requires mobility and convenience.
  • CurrencyFair featured in prime time on Irish television news.
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.

Social Money Launches GoalSaver-Powered Solution, iWish, in India

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Yesterday, Social Money debuted iWish, a product powered by GoalSaver, in India.

ICICI Bank, India’s largest private sector bank, now allows customers to publicly save for a goal using iWish, a product that has similar features as SmartyPig, one of Social Money’s consumer products.

One difference between iWish and SmartyPig, however, is that iWish offers an interest rate of 7.5% while SmartyPig offers 1%.

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While ICICI is the first to offer a GoalSaver-powered product to its customers, there are many more FIs interested in the product, according to Scott McCormack, Social Money CEO.

To learn more about Social Money’s GoalSaver product, watch its FinovateSpring 2012 demo.

Finovate Alumni News– November 28, 2012

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  • Payelp Global partners with SafetyPay to expand online payment options for merchants and customers worldwide.
  • Enloop releases the next generation of its business planning app to help entrepreneurs plan businesses.
  • Social Money announces launch of new product, CorePro, with a new partner, The Bancorp.
  • Tradeshift announces partnership with Verbella CMG, an SAP Content mgmt. solutions provider.
  • Anton Commissaris, a founding exec of Mint.com, joins Credit Sesame as COO.
  • Betterment enhances advice for life goals.
  • Capital Access Network names advisory board to guide launch and growth of latest offering to small businesses, CapTap.
  • CNBC reports CashStar, WEX partner to provide eGift card services.
  • New partnership with Klarna helps 3dcart reach European customers.
  • Compass Plus earns high ranking in annual PayX report.
  • AdExchanger interviews Bazaarvoice Media GM Barkow.
  • Team Bronson Moneymakers reviews Jingit.
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 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy and Unity Technologies unite to bring seamless game development monetization. Check out Virtual Piggy at FinovateFall.
  • Optus launches direct billing service with Boku, RIM.
  • Des Moines blog looks at Social Money’s success.
  • WSJ considers how HelloWallet can help you manage your finances.
  • Dashlane launches app for Android. Check out Dashlane at FinovateFall in New York.
  • FXCM deploys Check Point’s 12000 and 4000 series appliances.
  • Times of Malta reports Ixaris to move office, eyes new markets.
  • Dwolla introduces reddit Donate, a new platform to give.
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, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy expands merchant base with Blee Inara’s handcrafted original jewelry.
  • Umbel forms NetAlliance partnership with Akamai. Come to FinovateFall to see Akamai’s live demo.
  • Fast Company talks with Alexa Von Tobel, LearnVest CEO. Check out LearnVest’s live demo at FinovateFall.
  • USA Today features Social Money’s SmartyPig.
  • Startup America features Bolstr. Come see Bolstr’s live demo at FinovateFall.
  • The Independent looks at how CurrencyFair helps cut cost of cash transfers abroad.
  • The Financial Brand looks at how ImpulseSave hopes to create spontaneous savers.
  • GigaOM reports Corduro aims to win over big organizations that want to modernize their payment systems.
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.