Finovate Alumni News

On Finovate.com

  • “A View From Backstage at FinDEVr San Francisco 2015″
  • “Stockpile Hauls in $15 Million in New Investment”
  • “Emailage, Feedzai Partner to Combine Machine Learning with Email Risk Assessment”
  • “Moven Rounds Up $12 Million in Funding for International Expansion”

Around the web

  • Somerset Trust Company to deploy Retail+ for Small Business Banking solution from Malauzai Software.
  • Trustly expands into 21 new markets, now reaching 29 countries.
  • PYMNTS.com takes a look at Currency Cloud and the latest update to its API, Payment Engine Two.
  • Misys launches its dedicated-payment risk-management solution, FusionBanking Payment Insulator.
  • American Banker names 11 Finovate and FinDEVr alums in its list of 21 companies to watch.
  • Worldpay’s IPO on London Stock Exchange is the U.K.’s largest IPO of the year, at a market cap of £4.8 billion ($7.3 billion).
  • New enhancements to CreditHQ from Ormsby Street feature letter templates, new dashboard metrics.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alums Fill Ranks of KPMG’s Fintech Innovators for 2014

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Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is “more than half.”

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.
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The inaugural “50 Best Fintech Innovators” report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC). 
The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and “degree of product, service, customer experience and business model innovation.” 
Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.
“These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage,” he wrote. 
“Venture capitalists seek this enduring competitive advantage over and above everything else.”
Here’s a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.
“Ones to Watch” 
See the full list of companies here.

Alumni News– December 15, 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 Thumbnail image for Finovate-F-Logo.jpgSFGate column on the technology of mobile payments features thoughts from PayPal’s Max Levchin and Loop’s Will Graylin.
  • Stockpile teams up with Yodlee to provide Invest Your Change, Stock Purchasing and Gifting products.
  • American Banker takes a look at “post-IPO expectations” for newly-public Lending Club.
  • Golden Pacific Bank adds mobile remote deposit capture to its mobile banking offerings courtesy of Digital Insight.
  • National Association for Business Resources names Billhighway Best and Brightest Company to work for in 2014.
  • Time asks: What is Venmo?
  • Nine of the 15 fintech startups Forbes recommends watching in 2015 are Finovate and FinDEVr alums.
  • eWeek reports on Arxan Technology’s mobile Runtime App Self Protection (RASP) enhancements.
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– August 29, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl to provide real-time news and data analytics courtesy of new partnership with Marketware International.
  • Diebold brings deposit automation and cash recycling services to consumers and FIs in Brazil. See Diebold at FinovateFall in September.
  • Dwolla makes MassPay official, offers a simpler experience with increased stability, improved reporting, and increased transactions per batch.
  • PYMNTS talks with SumUp CEO Daniel Klein, to understand how it views innovation in the mPOS space.
  • PayPal launches tool, PayPal Demo, to help developers show merchants the difference between different PayPal payment options.
  • CNBC’s National Business Report interviews Scott Goldman, CEO of TextPower.
  • American Banker profiles FinovateSpring 2014 Best of Show winner, Stockpile.
  • CNET takes a look at Lending Club in the wake of the company’s IPO 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.

    FinovateSpring 2014: Lights! Camera! Demo Videos!

    FinovateSpring 2014: Lights! Camera! Demo Videos!
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    The demo videos from FinovateSpring 2014 are now available in our Video Archive. Check them out here.

    Here’s your chance to relive FinovateSpring 2014 in its new home in what was a very sunny San Jose. Every single video from the two-day event is here, arranged alphabetically from Artivest to Zumigo

    You’ll see and hear every presenter, every screen capture, every device display (from mobile payment fobs to smart watches and Google Glass), and every innovation that our 67 presenting companies had to share.
    And if you’ll be checking out our presenters for the first time, then sit back and enjoy our unique, demo-only format in action.
    This is also a great opportunity to see (or see again) just what it took to win the hearts and minds of our audience of more than 1,200 fintech professionals who voted for Best of Show. As a reminder, our FinovateSpring 2014 Best of Show winners are below. Click on the company logo to see the award-winning demo.
    EyeVerify_stageshot_BoS
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    Loop_stageshot_BoS
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    Interactions_stageshot_BoS
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    Motif_stageshot_BoS
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    Ondot_stageshot_BoS
    Ondot_hi_res_FS2014
    PrivatBank_stageshot_BoS
    Privatbank_hi_res_FS2014
    SaveUp_stageshot_BoS
    SaveUp_hires_logo_FS2014
    Stockpile_stageshot_BoS
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    Best of Show Winners from FinovateSpring 2014

    Best of Show Winners from FinovateSpring 2014

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    Our record-breaking audience has spent a hot two days in San Jose watching 68 demos covering the best in fintech.

    After watching the 68 demoing companies show off their newest innovations on stage in front of the sold out auditorium, the crowd voted for their 3 favorite demos at the end of each day. The eight companies with the highest number of votes were crowned winners.

    Here they are in alphabetical order:

    Thumbnail image for EyeVerifyLogo.jpgEyeVerify, for its Eyeprint Verification technology that enables mobile biometric authentication

    Thumbnail image for Loop_logo.jpg

    Loop, for its smart mobile wallet system accepted at virtually every retail POS terminal without making changes to the existing POS system

    Thumbnail image for InteractionsLogo.jpg

    Interactions, for its voice-activated self-service solution for mobile and phone interactions 

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    Motif Investing, for its Advisor Platform that streamlines the way advisors build, monitor, and rebalance investment portfolios
    OndotLogo

    Ondot Systems, for its CardControl technology that allows users to remotely control their credit and debit cards via their smartphone

    Privatbank_hi_res_FS2014

    PrivatBank, for topless, contactless smartphone-enabled Android ATM technology

    SaveUpLogo

    SaveUp, for its Gen Y/Millennial-oriented solution that combines gamification with personal finance

    stockpile_hi_res_FS2014

    Stockpile, for their “give the gift of stock” solution that helps people invest in the brands they love  

    As always, thanks for your continued support. See you next year at FinovateSpring 2015!
    All of the demo videos will be available on Finovate.com in two weeks.

    ——————————————————————

    Notes on methodology:  
    1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
    2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
    3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
    4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.  
    5. Go here for a list of previous Best of Show winners. 

    FinovateSpring 2014 Best of Show Winners

    FinovateSpring 2014 Best of Show Winners

    Thumbnail image for FinovateSpring2014ButtonLogo.jpg

    Our record-breaking audience has spent a hot two days in San Jose watching 68 demos covering the best in fintech.

    After watching the 68 demoing companies show off their newest innovations on stage in front of the sold-out auditorium, the crowd voted for their three favorite demos at the end of each day. The eight companies with the highest number of votes were crowned winners.

    Here they are in alphabetical order:

    Thumbnail image for EyeVerifyLogo.jpgEyeVerify, for its Eyeprint Verification technology that enables mobile biometric authentication

    Thumbnail image for Loop_logo.jpg

    Loop, for its smart mobile wallet system accepted at virtually every retail POS terminal without making changes to the existing POS system

    Thumbnail image for InteractionsLogo.jpg

    Interactions, for its voice-activated, self-service solution for mobile and phone interactions 

    Thumbnail image for motiflogo.jpg

    Motif Investing, for its Advisor Platform that streamlines the way advisors build, monitor, and rebalance investment portfolios
    OndotLogo

    Ondot Systems, for its CardControl technology that allows users to remotely control their credit and debit cards via their smartphone

    Privatbank_hi_res_FS2014

    PrivatBank, for topless, contactless smartphone-enabled Android ATM technology

    SaveUpLogo

    SaveUp, for its Gen Y/Millennial-oriented solution that combines gamification with personal finance

    stockpile_hi_res_FS2014

    Stockpile, for their “give the gift of stock” solution that helps people invest in the brands they love  

    As always, thanks for your continued support. See you next year at FinovateSpring 2015!
    All of the demo videos will be available on Finovate.com in two weeks.

    ——————————————————————

    Notes on methodology:  
    1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
    2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
    3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
    4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.  
    5. Go here for a list of previous Best of Show winners. 

    Stockpile Gift Cards Enable Consumers to Give the Gift of Stock Ownership

    Stockpile Gift Cards Enable Consumers to Give the Gift of Stock Ownership
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    This post is part of our live coverage of FinovateSpring 2014.

    Stockpile is our next presenter. The Palo Alto-based company is demoing its Stockpile Gift Cards.

    “For the first time ever, people are able to give a Gift Card of Stock for birthdays, graduations, Bar Mitzvahs, Christmas, and other occasions. Pick a company and dollar amount (say $50 of Apple) and pay with your credit card. The recipient gets their stock by entering a claim code and either logging into their Stockpile account or signing up for one.”
    Presenting: Avi Lele (CEO) and Dan Schatt (Chief Commercial Officer)

    Product Launch: June 2014
    Metrics: $2.8 million; 11 employees
    Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
    HQ: Palo Alto, California
    Founded: December 2010
    Website: stockpile.com