Finovate Alumni News

On Finovate.com

  • Finovate Debuts: StreetShares Helps Small Businesses Raise Capital
  • FinovateSpring 2015 has sprouted! Check out our first Sneak Peek, featuring 7 presenting companies.

Around the web

  • Backbase adds Payveris’ suite of payment APIs to the Backbase Open Banking Marketplace.
  • Evans Bank to deploy core banking technology from FIS.
  • Xignite teams up with ChartIQ to launch new market-data widgets.
  • Heckyl Technologies featured in e27’s list of 10 ‘need-to-know startups’ in Singapore and India.
  • Backbase adds MX’s PFM and account aggregation to the Backbase Open Banking Marketplace.
  • Wharton Fintech blog: How Betterment is Redefining the Retail Investment Landscape.

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.

StreetShares Platform Connects Small Business Owners with Retail and Institutional Investors

StreetShares_logo_high-res.jpgThis is post is part of our live coverage of FinovateEurope 2015.

Our first presenter of the day is social lender StreetShares, bringing business owners together with retail and institutional investors based on shared affinities. According to the company:

The StreetShares marketplace uses social affinities and online auction technology to provide small business borrowers with loans at lower rates, and provide investors with higher returns. StreetShares blends the social loyalty and trust of affinity groups with traditional bank underwriting. It provides small business owners with the opportunity to pitch their loan requests to retail and institutional investors at no cost or obligation.

StreetShares investors then compete to fund the loans through a StreetShares auction, where the lowest rates charged to borrowers win. Through a StreetShares auction, borrowers get funded at competitive rates and investors get returns they’re looking for. Everyone wins.

Presenters: Co-founders CEO Mark Rockefeller and COO Mickey Konson
 
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Product launch: July 2014
Product distribution strategy: Direct to Consumer (B2C); Direct to Business (B2B)
HQ: Reston, VA, USA
Metrics: Raised $1.2 million seed round; 12 full-time employees
Twitter: @StreetShares

Alumni News– January 21, 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.jpgYour Personal Financial Mentor profiles EZBOB.
  • BrightScope releases AdviceMatch, a free online service to help consumer choose financial advisors.
  • OnDeck Marketplace emerges from pilot program. Platform helps institutional investors buy small business loans.
  • Venture Burn takes a look at Azimo and the West African remittance market.
  • Kreditech named Germany’s leading digital innovator of the year by Focus Magazine.
  • Arroweye Solutions CEO Render Dahiya urges issuers on EMV adoption.
  • Check out FinovateEurope 2015 Sneak Peek: Part 3.
  • Coinbase Raises $75 Million from BBVA, USAA, NYSE, & Others.
  • Millennial-focused BankMobile app is powered by Malauzai Software and uses Mitek to power mobile customer on-boarding.
  • Roostify describes its experience with Yodlee’s FinDat Disruptor program.
  • PayPal to use InComm to support PayPal’s digital gifts services in Canada.
  • Yale Undergraduate selects Wall Street Survivor to help students understand investing and personal finance. 
  • Technical.ly/ Baltimore looks at how TIO Networks powers Baltimore’s online bill pay system.
  • Tradeshift wins Circular Economy Digital Disruptor Award held at the World Economic Forum in Davos, Switzerland.
  • CustomerXPs and EY, a tax advisory firm, partner to help companies deal with fraud.
  • iBillionaire updates mobile app & releases new High Dividend Index.
  • Payment Data Systems to acquire Akimbo for $3 million.
  • Be sure to check out FinovateEurope Sneak Peek #2 featuring AlphaPoint, Avoka, Encap Security, investUP, Nostrum Group, and StreetShares.
  • True Link Raises $3 Million in Round Led by Cambia Health Solutions.
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.

FinovateEurope 2015 Sneak Peek: Part 2

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It’s hard to believe, but it’s true: we’re less than one month away from the first Finovate show of the year.

FinovateEurope 2015 is returning to Old Billingsgate Market Hall in London for what promises to be our biggest event in Europe yet. We hope you will be able to join us as 70 companies from across Europe and around the world demonstrate some of the latest in financial technology.  
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To that end, here’s the second part of our Sneak Peek series to give you a taste of what some of this year’s innovators will be showing on stage in February. (Part One available here.)


AlphaPoint_hires_logo_box.jpgAlphaPoint’s Digital Currency Exchange Platform allows institutions to establish their own internal digital currency exchanges.

Features
    • 24-hour run-time capabilities
    • Military-grade security practices
    • New order types, improved scalability, and an even faster processing speed
Why it’s great
AlphaPoint’s secure, scalable, and customizable exchange platform is easing the adoption of digital currencies across the globe.
Presenters

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Joe Ventura, CTO
Ventura has over 15 years of software architecture experience specializing in secure, scalable, and high performance financial systems for companies such as Deutsche Bank, UBS, and Merrill Lynch.

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Scott Bambacigno, VP of Sales
Bambacigno joined AlphaPoint at the start of 2014 and has led the acquisition of over a dozen global clients.

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Avoka enables your omni-channel digital banking business with frictionless account openings.
Features
    • Fast time to market – deploy digital applications in weeks
    • True Omni-Channel solutions – responsive design on any device
    • Improve conversion with reporting and analytics – make changes and publish
Why it’s great
Create an engaging digital loan application from any device in 3 minutes or less.
Presenters

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Derek Corcoran, Chief Experience Officer
Corcoran has over 20 years experience in financial services globally, delivering frictionless customer experiences for digital sales and service transactions.
Kevin Mortimer, Technical Director


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Encap Security will demonstrate how financial institutions can use Touch ID and Encap’s authentication platform to provide access to and authenticate high-value financial services transactions.
Features
    • Easily integrate Apple Touch ID into financial services applications
    • Utilise smart device capabilities to improve authentication
    • Enable proportional security to drive adoption and use
Why it’s great
Authentication works best when a number of factors are used – and the factors used are contextually appropriate to the risk of the activity taking place.
Presenters

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Thomas Bostrøm Jørgensen, CEO 
Jorgensen has over 10 years experience in the mobile financial services, identity management, and mobile application security sectors.
John Burman, Sales Director, Europe


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investUP is the crowdfunding supermarket, allowing you to lend & invest across all your favorite P2P, debt, and equity sites.
Features
    • Discover more deals – use m
      ore sites and find more great deals
    • Saving you time – invest on all your favorite sites through UP
    • Keep track – have just one account and one portfolio with UP
Why it’s great
Only with UP can you enjoy one account and one portfolio, yet still lend and invest across all your favorite crowdfunding sites.
Presenters

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James Tuckett, CEO and Founder
Tuckett is a full-time crowdfunding evangelical from an aerospace engineering and accountancy background. Founded UP in 2012.

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Nostrum Group is pioneering digital lending – providing customers with the ability to service their own accounts where and when they want.
Features
    • Digital
    • Automated
    • Mobile
Why it’s great
Loan technology that re-imagines what a customer wants from banks and how they can interact with financial products.
Presenters

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Richard Carter, CEO
Carter leads the organization and is responsible for setting the company. He is passionate about customer experience, innovation, and technology – inside and outside financial services.

StreetShares_hires_logo_box.jpg

StreetShares connects businesses with retail and institutional investors who compete to lend to businesses. Business lending meets social affinities.
Features
    • Blends social and affinity group loyalty with traditional bank underwriting
    • Small businesses pitch their loan request at no cost or obligation
    • Investors compete through online auction technology
Why it’s great
StreetShares borrowers get funded at competitive rates while investors get the returns they’re looking for. Everyone wins.
Presenters

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Mark Rockefeller, Chief Executive Officer and Co-Founder
Rockefeller’s goal is to breathe new life into the American dream for a new generation of small business owners.


Tickets for FinovateEurope 2015 are on sale now. Visit our registration page today and save your seat at the show.