Finovate Alumni News


  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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


    • Sandstone Technology Inks Digital Banking Deal with SBS Bank.
    • Financeit Receives New Funding Capacity of $85 Million.


    Around the web

    • Misys adds Synechron to its InFusion Partner Program.
    • Fiserv leverages robo-advisory and automation technology from fellow Finovate alum Trizic to enhance its wealth management solutions.
    • Bento Chief Operations Officer Sean Anderson discusses the future of regtech and the problem of one-size-fits-all compliance programs.
    • The 2017 NSS Labs gives Check Point Software Technologies a ‘Recommended’ rating.
    • Money Marketing features Scalable Capital.
    • City of Memphis to leverage to offer student loan debt reduction program for employees.

    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


    • Signicat Launches Mobile Authentication.
    • 3 Steps to Take During the Countdown to GDPR and PSD2.


    Around the web

    • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
    • TSYS enables tokenization across its North American commercial card platforms.
    • Catholic Vantage Financial ($98M) hires Insuritas to deploy and manage their insurance agency solution.
    • AuthenticID enhances CatfishAIR Identity Platform to support real-time identity authorization for CNP transactions.
    • Vera announces support for multi-factor authentication solutions from Duo Security, RSA SecureID, and fellow Finovate alum, Twilio.
    • Amsterdam Trade Bank (ATB) to streamline banking, treasury, and finance operations in partnership with Misys.
    • Cisco and IBM team up on security.
    • Glenmede taps IHS Markit for data management.
    • GMC Software launches Business Partner Track for Partner Advantage Program
    • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
    • Jumio announces expansion into new Shoreditch U.K. headquarters.
    • Steve Lewczyk joins Trizic as new Chief Revenue Officer.

    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.

    Top Business-to-Business Wealth Tech Players


    If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players.

    Our wealth tech coverage continues this week with a review of business-to-business (B2B) players in the wealth tech space. These are companies that cater directly to banks, advisors, or brokerages, instead of offering products or services directly to consumers. B2B wealth tech is a large category, so I’ve sub-divided it into four digestible groups and listed my top picks for each category. Since category sizes vary, the number of selections also varies.

    Alternative investment services
    These are platforms that help advisors connect clients with unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

    Screen Shot 2017-01-19 at 11.44.57 AMEquityZen’s EZ Institutional lets advisors give clients access to a diverse asset class

    Technology for advisors and brokerages
    These are tools available via API, SDK, or web interface to help advisors compete with robo advisors by allowing them to invest with less bias, increase client communication, scale operations, find new clients, and more.

    Screen Shot 2017-01-19 at 11.40.41 AMTrizic offers advisors their own digital tools to compete with robo advisors

    Non-U.S. B2B investment and advisor technology
    Similar to the above category, these companies offer tools for advisors outside of the U.S.

    Screen Shot 2017-01-19 at 11.30.52 AMmeetInvest helps advisors invest like world-renowned market experts

    News and Information Companies
    These are online platforms, APIs, or SaaS offerings that provide advisors market information, show them trending news, or connect businesses with market data to power their own products.

    Screen-Shot-2016-10-31-at-3.22.22-PMForwardLane’s dashboard acts like a private research analyst for advisors advisors, helping them stay current on new trends and funds

    Where Are They Now? FinovateSpring Alums Raise More than $326 Million in a Year


    Last week we took a look at what the alums of FinovateSpring 2015 have been up to in the year since they demoed on the Finovate stage. Today, we’re focusing on the funding.

    All $326 million of it.

    Of the 72 companies that demoed at FinovateSpring 2015 in San Jose last year, 21 of them had raised capital within a year. Kabbage’s raise of $135 million certainly stands out. But the $25 million investment picked up by itBit in May of last year, as well as the $15 million raised by Trulioo and the $12 million raised by Moven were also major contributors to a strong fundraising performance from the Class of FinovateSpring 2015. And this doesn’t even include companies such as Yodlee, which was acquired by Envestnet for $660 million, or Aurora Financial Systems, bought by fellow Finovate alum, Finicity, for an undisclosed sum.

    March 2016

    January 2016

    Dec 2015

    October 2015

    September 2015

    August 2015

    • [M&A] Holy Yodlee! Envestnet to Buy Yodlee for $660 Million – video

    July 2015

    June 2015

    May 2015


    FinovateSpring 2016 is less than a month away. Pick up your tickets today and save your spot at our upcoming spring conference in San Jose, California.


    Trizic Raises $2 Million to Help Advisers Compete with Algorithms


    Trizic, a startup that creates wealth-management solutions to help advisers keep up with advancing technology, closed $2 million in funding earlier this week.

    This is the company’s third round of funding and brings its total to $5 million. Contributing investors were not disclosed. Trizic has named only one investor in past rounds, Operative Capital, which also funds AlphaClone.

    The San Francisco-based company’s Accelerator is a cloud-based advisory platform that caters to both advisers and their clients. The adviser platform offers portfolio automation and management, securities trading, rebalancing, compliance reporting, and client billing services. Accelerator also provides an intuitive client-facing platform with customized portfolio insight and reporting.

    Accelerator is available as an API that advisers can customize and white-label with their existing applications. Trizic’s SaaS model uses a contract-free pricing model that charges a percentage based on AUM, starting at 0.05%

    Trizic demoed Accelerator at FinovateSpring 2015 in San Jose.

    Finovate Alumni News


    • “Finovate debuts: LiftForward Allows Clients to Offer Risk-free Purchase Financing”
    • “Trizic raises $2 Million to Help Advisers Compete with Algorithms”

    Around the web

    • Financial Planning speculates about Personal Capital’s future.
    • Utah Business Magazine names Lendio one of the best companies to work for in Utah for the third consecutive year.
    • Arroweye Solutions selected to provide prepaid card production and personalization services for The Members Group.
    • Microsoft partners with Boku for carrier billing.
    • Financial Times mentions MaxMyInterest (paywall).
    • Wealthforge one of three winners of the UBS Future of Finance Challenge.

    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 Alumni News


    • DRAFT, Fidor US, Roostify to Present Solutions at Yodlee Ynext Incubator
    • $680 Million Raised by 29 Alums in Q1 2015

    Around the web

    • BizJournals lists BancVue as one of Austin’s Best Places to Work in 2015.
    • American Banker interviews James Varga, CEO of miiCard, on sharing identity information.
    • Motif adds new trading alerts.
    • P2Binvestor selected as new network company by Blackstone Entrepreneurs Network Colorado (BENCO).
    • MaineBiz takes a look at CashStar and its new offices in downtown Portland.
    • Mountain America rolls out its new biometrics login technology courtesy of EyeVerify.
    • Fuze Networks acquires LiveMinutes’ online workspace platform.
    • Jwaalla celebrates signing its 100th credit union client, Palisades FCU.
    • Business Insider looks at how Klarna and its one-click payment technology could help save the newspaper business.
    • Reid Hislop tapped as new chief marketing officer at Avoka.
    • Inc. Magazine features CEO Blake Hall in a column on veteran entrepreneurs.
    • talks crowdfunding and real estate with Jason Fritton, Patch of Land CEO.
    • Financial News interviews Ripple CEO, Chris Larsen on the future of the financial infrastructure.
    • SocietyOne has originated more than $30 million on its platform since launching in 2011.
    • Prosper announces record first quarter, with $595 million in loans through the platform, up 200% from Q1 2014.
    • WattzOn to help Montana residents save on energy expenses via the Bozeman Energy Smackdown.
    • Larky selected by the Kentucky Bankers Association to provide mobile local rewards program for member banks.

    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.

    Trizic’s Accelerator Enables Financial Firms to Scale Investment Advice

    This post is part of our live coverage of FinovateSpring 2015.

    TrizicLogoTrizic debuted its Accelerator that delivers investment advice:

    Trizic Accelerator is an elegant, cloud-based digital investment advisory platform. It comprises two elements: a beautifully simple, customized online experience for investors, and a powerful, back-end console that automates portfolio management, securities trading, rebalancing, compliance reporting, and client billing.

    Using Accelerator’s sophisticated technology, financial firms will be able to serve clients across all mobile devices, in a more scalable and productive way by augmenting, not replacing, their high-touch, full-service business models.

    At left: Brad Matthews, Trizic CEO and founder



    Product Launch: October 2014

    Metrics: 15+ employees, 30 financial firm clients, and a pipeline of prospective users
    Product distribution strategy: Business-to-Business (B2B), through financial institutions

    HQ: San Francisco, California
    Founded: October 2012
    Twitter: @TrizicCo

    Trizic Raises $3 Million in Seed Funding from Operative Capital


    Less than a week away from its Finovate debut in San Jose, wealth-advisory technology innovator, Trizic has closed a $3 million seed funding round with Operative Capital.

    Operative Capital initially invested $1 million in Trizic, and this week increased its investment by another $2 million. The funding will help the company roll out Trizic Accelerator, its digital wealth-advisory platform for broker-dealers and asset managers, as well as FIs and wealth-management firms.

    Speaking for Operative Capital, founding partner Drew Sievers highlighted Trizic’s potential for disruption in the wealth-advisory digital space and the fact that, as a technology company, Trizic does not compete with its customers. Sievers is the former CEO and founder of mFoundry, (a Finovate alum).

    “Well-known, direct-to-investor sites offering their solution to financial firms, asset managers, and RIAs have a direct conflict: Trizic isn’t a competitive threat to the wealth-management providers that are implementing Trizic Accelerator,” says Sievers.

    Available as a white-label offering, Trizic Accelerator helps wealth-management professionals onboard and manage both new and existing clients, and automates up to 80% of back-office functions. Wealth managers can create model portfolios and execute trades. The platform’s algorithms ensure that processes are “tax-aware” and meet regulatory and fiduciary requirements. Clients can have different degrees of access to the platform on the front end based on their own technological and financial sophistication.

    Founded in 2012, Trizic is headquartered in San Francisco, California. Brad Matthews is founder and CEO. See the company’s technology live on stage at FinovateSpring 2015 in San Jose.