Finovate Alumni News

On Finovate.com

  • “Expensify Tallies Up $17.5 Million in Funding to Support its New Fintech Investment Fund”

Around the web

  • AcceptEmail partners with PayWithMyBank to make bill pay convenient and less costly.
  • SocietyOne hires former Lending Club executive as its new chief marketing officer.
  • Spend Matters highlights Tradeshift as a company to watch in 2015.
  • Pindrop Security releases new version of fraud detection system to more effectively identify and predict fraudulent activity.
  • Yodlee hosts webinar on how to build financial apps to meet rapidly evolving customer expectations.
  • BehavioSec mentioned as one “wild invention of the future” that the Pentagon is behind.
  • Tradier announces 75+ investor platforms and advisors integrating with its API.
  • Algomi adds 100th buy-side firm to its Honeycomb Network.
  • American Banker: FIS in talks to acquire SunGard.
  • PYMNTS.com interviews Sarah Hartman, senior director of consumer payment solutions at TSYS.
  • India West profiles Ayasdi founder and CEO, Gurjeet Singh.
  • Benzinga’s list of 10 PFM apps for teens and young adults features Toshl Finance, Manilla, BillGuard, Mint, and Smarty Pig.
  • Acculynk teams up with TouchPay, combining online billpay with self-service payment kiosks.
  • OnDeck rolls out mobile app for account management on the go. Come see OnDeck at FinDEVr in San Francisco, 6/7 October 2015.
  • Let’s Talk Payments interviews PayStand CEO Jeremy Almond.

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

On Finovate.com:

Around the web

  • Lendio launches new commercial real estate financing division.
  • AcceptEmail announces first major reseller agreement since opening U.S. headquarters.
  • Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers.
  • TransferTo enables Xoom customers to instantly send airtime credit online from the U.S. to international prepaid mobile phones.
  • Payment Alliance International to offer CardFlight’s EMV mPOS acceptance solutions to its market-partner distribution-network and merchant customers nationwide.
  • Yodlee’s write up of fintech innovation in Europe highlights TransferWise.
  • State Bank of India partners with BankBazaar to provide an online platform to home loan borrowers to apply for SBI Home Loans.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.

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

Around the web

  • Seeking Alpha explains why a merger between Yodlee and FutureAdvisor makes sense.
  • Xconomy features Vince Turner’s Planwise.
  • American Banker features how Seattle-based Lighter Capital loans money to tech startups.
  • Cardlytics Wins 2 Silver Stevie Awards at 2015 American Business Awards.
  • Tradeshift to partner with C2FO to expand dynamic discounting solutions to a broader network of suppliers and buyers.
  • Financial Conduct Authority mentions how Nutmeg explains its fees and charges graphically.
  • Jack Henry acquires Bayside Business Solutions.
  • Fox News features Trulioo, Bionym, TransferWise, Kofax, and Numbrs in its column on “10 CEOs who are disrupting finance with technology.”
  • ProfitStars introduces Call Report Pro CU, a solution for meeting regulatory reporting requirements.
  • Hedgeweek takes a look at how QuantConnect enables quantitative traders to operate at a low cost.
  • PayPal acquires money-transfer provider Xoom.

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

On Finovate.com

  • Yodlee Brings “Sense” to Forward-Looking Bank Balances
  • BancVue’s Kasasa Spreads to 1,800+ Client Branch Locations Across 46 U.S. States.

Around the web

  • NerdWallet lists Lendio as 1 of 7 great small-business loan options for women-owned businesses.
  • Credit Sesame wins Gold Stevie Award in 2015’s American Business Awards.
  • PayPal and Uber extend their partnership to additional 9 countries, now in 19 total.
  • Backbase adds Geezeo’s PFM to its Open Banking Marketplace.
  • Partnership between Feedzai and Azul Systems yields first deployment with “leading payment technology provider.”
  • Insuritas wins NAFCU 2015 Services Innovation Award.
  • DriveWealth helps trading software technology company, KnowVera, develop video course on pattern recognition.
  • e-SignLive by Silanis to develop joint, cloud-based solution for digital transactions in new partnership with Australia’s Nuvola.
  • Jim Cramer of CNBC’s Mad Money interviews SeedInvest CEO Ryan Feit.

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.

Yodlee Brings “Sense” to Forward-Looking Bank Balances

Yodlee Brings “Sense” to Forward-Looking Bank Balances

yodlee_sense_lowbalFor several years I’ve used the forward-looking balance feature from Simple’s “Safe to Spend” and Key Bank’s MyControlBanking as a great example of where banking/PFM is headed (see notes 1, 2, 3). But this seemingly vital PFM feature has not been adopted by other major players.

My hypothesis is that banks are (rightly) afraid of the cost (customer service, litigation, fines, CFPB backlash) if it doesn’t work perfectly. The false positive problem is especially daunting (note 3). You tell customers they are good to go and then Monday morning you bounce two of their checks collecting $70 in OD fees.

Enter Yodlee’s version of the forward-looking balance summary, Sense. The service made its industry debut at FinovateSpring last month (video here and below). With 15 years’ experience providing mega-banks with data aggregation and PFM services, it may have the necessary credibility to power forward-looking banking features for its client banks.

Bottom line: Regardless of where the algorithms are sourced, I hope banks come to their senses soon, and offer seamless money-management guidance.

——-

Yodlee Sense demo at FinovateSpring 2015 (13 May)

——–

Notes:
1. U.K.’s stealthy banking startup Mongo appears to be working on a similar function.
2. Simple was acquired by BBVA Compass in 2014 for $117 million.
3. Moven provides a compelling alternative-spending feedback/prediction system which is less likely to produce false positives. The neo-bank startup constantly compares your spending velocity with historical trends, to provide a real-time green-light/red-light indicator when you are headed towards overspending (see its FinovateSpring Best of Show 2015 demo here). For extra credit, the Moven app makes it easy to lock away the extra cash saved in the lower spending months.

Finovate Alumni News

On Finovate.com

  • TipRanks Takes Top Prize at IBM Watson Hackathon in Israel

Around the web

  • Greg Smith and Chris Costello of Blooom discuss simplifying 401(k) management with Fox Business News.
  • Nilesh Dusane, Ripple Labs VP for global sales and client relations, talks about distributed ledgers and the future of payments.
  • EZBOB announces Everline as the sole channel for intermediary businesses.
  • Nomis Solutions teams up with Oliver Wyman to help FIs boost profitability in their retail deposit portfolios.
  • Temenos opens new office in Helsinki, Finland.
  • The Financial Brand highlights the need for banks to compete with Mint, MX, D3, Yodlee, Meniga, Geezeo, and Strands.
  • Investopedia features FutureAdvisor’s use for college savings.
  • Ping Identity enhances partner program with new options, benefits and requirements for partners in three programs.
  • BCSG appoints Deutsche Telekom’s Simon Lunn as COO.
  • Strategic News Service FiRe tech conference names ValidSoft a 2015 FiReStarter Company.
  • ProfitStars Banno Mobile named a leader in the IDC MarketScape: North American Mobile Banking Software Solutions 2015 Vendor Assessment.
  • Huffington Post considers advice from Scott Cook, Intuit co-founder.
  • Remember, the application deadline for the Fall 2015 cohort for the SixThirty accelerator is Friday, 10 July 2015.

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

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.

Yodlee Launches Recommendations Engine that Uses Behavioral Psychology

Yodlee Launches Recommendations Engine that Uses Behavioral Psychology

YODLEE_logo_FINAL_RGB

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

Yodlee showed off how it is using behavioral psychology and data to personalize recommendations and advice:

At Yodlee, we believe there is massive potential to change and shape financial habits and behaviors leveraging data, analytics, & progressive engagement to encourage good behaviors – making it easier to say yes (to saving) than no. Our newest innovation embraces behavioral psychology & data clustering to automate chores, make personalized recommendations & provide actionable advice.

Research demonstrates that feelings matter when it comes to selling financial products, so helping people feel good about their finances & meet their personal goals means expansive value to financial providers. Yodlee’s latest innovation capitalizes on key data-driven insights to fundamentally change the digital banking experience.”

Presenters: Katy Gibson, VP, product applications; John Bird, VP, product marketing; David Lee, chief marketing officer

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IMG_8842

Product Launch: May 2015

Metrics: Yodlee (Nasdaq: YDLE) is a global financial technology leader with 800+ customers, 64 issued U.S. patents, millions of users, and more than 900 employees worldwide.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other companies

HQ: Redwood City, California
Founded: February 1999
Website: yodlee.com
Twitter: @yodlee

Finovate Alumni News

On Finovate.com

  • itBit Raises $25 Million, Earns New York State Trust Charter Ahead of Finovate Debut Next Week in San Jose

Around the web

  • The Fiscal Times features Wealthfront, Betterment, Personal Capital, FutureAdvisor, SigFig, and Motif Investing in a column on the rise of the robo-adviser.
  • FierceFinanceIT highlights Lending Club and Prosper in its look at growing investment in P2P lenders by Wall Street.
  • Version 3.5 of Wallaby Financial’s new Android app provides ambient alerts to help consumers save on gasoline.
  • MiiCard CEO James Varga quoted in a column on Edinburgh’s tech pioneers.
  • CAN Capital reaches milestone of $5 billion in working capital facilitated through its platform.
  • Report on fintech in The Economist references Lending Club among key disruptors.
  • Nokia partners with Checkpoint for telco cloud security.
  • MyECheck completes acquisition and integration of Seergate.
  • Yodlee adds LearnVest acquirer, Northwestern Mutual, as client.
  • Javelin Strategy & Research lists 4 trends to watch at Finovate next week. Come see them unfold live at FinovateSpring 12/13 May.

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 2015 Sneak Peek: Part 4

FinovateSpring 2015 Sneak Peek: Part 4

FS2013crowdshot

FinovateSpring is less than one month away. Our annual spring conference returns to the City National Civic building near the campus of San Jose State University for a first look at the financial technologies of 2015. If you’ve been thinking about joining us the 12/13 of March for two days of live demos and professional networking, now is a great time to pick up your ticket and save your spot.

Today’s Sneak Peek preview brings you another handful of companies that will be presenting their technologies live on stage at FinovateSpring 2015 next month. In this edition, we introduce you to:

Check out the previous three installments of our Sneak Peek series below. And stayed tuned for Sneak Peek #5 next week.


CurrencyCloud_logo_FS15Transform the way your business makes international payments with Currency Cloud’s Payment Engine featuring an enhanced API for maximum efficiency.

Features:

  • Reach new customers
  • Benefit from real-time wholesale rates
  • Leverage a fast, secure payment network

Why it’s great
Powering global payments—Currency Cloud has built a technology-based payment engine that simplifies international payments and offers an easy integration for businesses of all sizes.

Presenters

CurrencyCloud_TLatham_crop2Todd Latham, Vice President of Marketing

Latham has extensive experience in the technology and financial service sectors, and he is fascinated at how technology is transforming people’s lives for the better.
LinkedIn

 

CurrencyCloud_RNienaber_cropRachel Nienaber, Vice President of Engineering

Nienaber is fluent in Ruby and Java, carrying 10+ years of experience in bespoke development projects. She is also responsible for ongoing technology development.
LinkedIn

 


DreamPayments_logo_FS15Accepting payments just got easier. Introducing Dream Payments, a next-generation mobile payment platform accepting all forms of payment.

Features:

  • Sell anywhere; accept all payments
  • Save time; grow your business
  • Create customer experiences
  • Safe and secure transactions

Why it’s great
Sell anywhere, anytime, in any format. Dream Payments enables merchants to accept payments anywhere, anytime, using mobile commerce solutions. Dream Payments are the future of mobile commerce.

Presenters

DreamPayments_CAli_cropChristian Ali, Vice President, Business Development

Ali has been a trusted advisor to the North American payments industry for nearly 20 years and currently serves as vice president of business development at Dream Payments.
LinkedIn

 

DreamPayments_ATailor_cropAnant Tailor, COO

Tailor is the chief operating officer at Dream Payments where he is responsible for the daily operations of the company including product management; go to market strategy; and all customer engagements.
LinkedIn

 


HipPocket_logo_FS15Hip Pocket engages your mobile and website visitors by using social influence and personalized consultation to generate new, qualified mortgage leads.

Features:

  • Unique peer-group comparisons
  • Real-time integration and personalization savings estimates
  • Results and call-to-action are customized to each user’s situation

Why it’s great
Hip Pocket allows your institution to provide an engaging, intuitive user experience that marries the emotional and logical decision-making processes.

Presenters

HipPocket_MZmarzly_cropMark Zmarzly, Founder, CEO

Zmarzly is a passionate innovator and thought-leader in the financial industry. He has delivered multiple TEDx talks and has presented for the ABA; BAI; and for JD Power & Associates.
LinkedIn

 

HipPocket_TCramer_cropTodd Cramer, Head of Digital Experience and Design

Cramer holds an MBA and has more than five years of experience in branding, user experience and eCommerce for a $5B bank enterprise.
LinkedIn

 


Inetco_logoThe INETCO analytics software application provides financial institutions with the game-changing knowledge of where, when, and how customers interact with their channels.

Features:

  • View transaction data on-demand, across all banking channels
  • Reduce failed customer interactions and resolve issues faster
  • Adopt data-driven strategies that improve customer engagement

Why it’s great
INETCO Analytics will accelerate your omnichannel strategy with powerful, on-demand insights into customer behavior.

Presenters

INETCO_MBorbas_cropMarc Borbas, VP Product Marketing

With 12+ years of experience working with financial technology startups, Borbas drives the product strategy for INETCO’s real-time transaction-monitoring and customer-analytics solutions.
LinkedIn

 


LoanNow_logoAs a responsible lender, LoanNow’s motivational lending platform helps deep subprime borrowers secure affordable credit, then actively reduce APR within the loan term.

Features:

  • Repayment-motivation algorithm incentivizes good financial behavior
  • Active reduction in APR during loan for positive behaviors
  • LoanNow to debut new features to lower the cost of credit

Why it’s great
LoanNow allows people to be more than a credit score and to actively reduce their cost of credit through positive financial behavior and loan management.

Presenters

LoanNow_HLangenberg_cropHarry Langenberg, CEO, Co-founder

Since graduating from the Wharton Business School, Langenberg has been a pioneer in bringing innovation to consumer finance. He’s founded Optima Tax Relief, SuperMoney, and Debtmerica.
LinkedIn

 

LoanNow_MLulic_cropMiron Lulic, President, COO, Co-Founder

Lulic has spent his entire career at high-growth technology-driven companies. At LoanNow, Lulic leads product management, design, and marketing while also overseeing all other operations.
LinkedIn

 

LoanNow_ZPeracha_cropZahur Peracha, CTO

After more than a decade of building and launching new products for Silicon Valley startups and Amazon.com, Zahur now leads all technology at LoanNow.
LinkedIn

 


WealthForge_logo_FS15_200pxWealthForge has launched the Invest Button, transforming the way private capital is raised by making the entire process faster, cheaper, and more compliant than ever before.

Features:

  • Simple, turnkey technology
  • Straight-through processing
  • Reduced transaction risk

Why it’s great
The WealthForge solution makes private placement transactions more efficient. The entire process has been reduced from months to weeks, costing nickels on the dollar, from risky to fully compliant.

Presenters

Wealthforge_AWeissman_cropArthur Weissman, Head of Sales and Marketing

Weissman is an industry expert in helping to lead the move of private investing from offline to online. Weissman heads sales and marketing helping to make raising private capital faster and more efficient.
LinkedIn

 

WealthForge_MDellorso_cropMat Dellorso, Co-Founder, President

Dellorso is a leading innovator in venture finance and has worked directly with FINRA and the SEC to establish regulations for online private investing.
LinkedIn

 


Yodlee_logo_FS15A global financial technology leader, Yodlee’s cloud-based platform powers dynamic innovation and solutions for digital financial services.

Features:

  • Provides actionable financial advice
  • Makes personalized recommendations
  • Leverages Yodlee’s advanced data network

Why it’s great
Yodlee capitalizes on its unique data network and key data-driven insights to fundamentally change the digital banking experience.

Presenters

Yodlee_JBird_cropJohn Bird, VP, Product Marketing and Alliances

Bird, as VP of product marketing and alliances at Yodlee, is responsible for the marketing of the Yodlee platform to financial institutions and startup financial technology companies.
LinkedIn

 

Yodlee_KGibson_cropKaty Gibson, VP Product Applications

Gibson, as VP of product applications at Yodlee, is responsible for the creation and execution of product strategy for Yodlee’s suite of financial management applications.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Multi-Factor Authentication Specialist Toopher Acquired by Salesforce

Around the web:

  • Moven updates iOS and Android apps for easier views of balance and spending.
  • Concur surpasses 30-million-user milestone.
  • Multi-factor authentication now available for Venmo users on both iOS and Android.
  • Mobile World Live interviews VP of Telenor Financial Services and CEO of Valyou, Viktoria Erngard.
  • FT.com Business & Economy feature on P2P foreign exchange highlights TransferWise, CurrencyFair, Currency Cloud, and Kantox.
  • Misys wins honors in three categories at FStech Awards 2015.
  • HedgeCoVest adds 14 new models to its platform.
  • Business Insider Australia features Xero.
  • Yodlee announces 100% revenue growth in Australia and New Zealand.
  • Check Point to acquire Lacoon Mobile Security for a reported $100 million.

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.

Yodlee Launches Business Cash Flow with Forecasting FinApp

Yodlee Launches Business Cash Flow with Forecasting FinApp

Yodlee_homepage_full

Cloud-based app-innovation platform Yodlee unveiled its Business Cash Flow with Forecasting FinApp today. The technology gives businesses the ability to see and analyze current cash flow, as well as read a forecast of cash flow for the coming three months.

The final app includes three main features:

  • Cash Flow Chart and Table: Provides graphic and numerical current and forecast cash flow data
  • Cash Flow Processing Wizard: Enables review of year-over-year data by income and expense, as well as editing of forecasts
  • Cash Flow Report: Shows actual versus forecast data by category

“Having a strong pulse on cash flow is incredibly critical to the success of business owners,” said Nitin Gupta, Yodlee VP for business banking and global strategic initiatives. “Yodlee’s Cash Flow with Forecasting gives business owners immediate insights into their financial health, allowing them to make more informed spending, investing, and borrowing decisions.”

Yodlee_FF2014_stage

Above (left to right): Avi Lele, CEO of Stockpile; Jon Petz, product evangelist, Yodlee; and John Bird, product marketing, Yodlee, presented Yodlee’s APInnovation at FinovateFall 2014.

The launch comes on the heels of word that Yodlee will be recognized at the Monarch Innovation Awards for its ability to help “Internet innovators and financial institutions provide state-of-the-art tools to their business customers,” said Irene Waldman, general manager of business services at Yodlee. The Monarch Innovation Awards are sponsored by Barlow Research, and will be presented on April 10th.

Founded in 1999 and headquartered in Redwood City, California, Yodlee is multiple-winner at Finovate’s Best of Show. The company was most recently on our stage last fall as part of the FinovateFall 2014 conference in New York and, as Yodlee Interactive, presented at FinDEVr San Francisco 2014 last October. Anil Arora is president and CEO.