Zopa Archives - Page 10 of 18

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on June 12, 2015
Categories: Actiance, AlphaClone, BankBazaar, BrightScope, Heckyl Technologies, Klarna, Knox, LendingRobot, MasterCard, mBank, Stratos, Zopa

On Finovate.com

Klarna Hires former American Express Exec as New CCO

Knox Payments Offers Free, Premium Options and Easier API Integration

Finovate Debuts: A Look at Stratos’ Digital Card Issuance Platform

Around the web

Barron’s features LendingRobot.

BizReport highlights Actiance’s new solution.

PYMNTS.com looks at the launch of MasterCard’s MasterPass in Belgium.

Benzinga’s Jim Probasco interviews AlphaClone CEO Maz Jadallah on “investing like a hedge-fund billionaire.”

Adhil Shetty, founder and CEO of BankBazaar.com, comments on handling finances after a job loss in The Economic Times.

RIA Biz features BrightScope and its new plan to provide mutual fund data with the launch of Fund Pages.

SunGuard chooses Heckyl Technologies to provide sentiment and real-time news analysis for its MarketMap terminal.

A look at fintech innovation in Poland features mBank.

Management Today profiles Zopa CEO Giles Andrews.

Interxion partners with Microsoft Azure to enable users to connect directly to Microsoft Azure in the data center over a secure, high-performance private network.

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.

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P2P Lending Meets High Street Banking as Metro Bank Partners to Lend Via Zopa

By David Penn Posted on May 19, 2015
Categories: Zopa

Great Britain’s first P2P lender Zopa has teamed up with Metro Bank to combine P2P lending with “high street banking.” The first-of-its-kind deal makes Metro Bank the first bank in Great Britain to lend via a P2P platform.

Metro Bank will lend customer deposits through the platform. The bank has £3 billion in deposits and typically lends half that amount. Zopa currently provides £45 million in consumer loans a month, and has lent more than £850 million since inception.

A few metrics on Zopa:

More than £50m in interest earned by Zopa investors
More than 170,000 borrowers and more than 50,000 active lenders
Average loan size £7,500
Average historical return to lenders: 5%
Historical bad debt: 0.25% since 2010

The deal will make it possible for Zopa to expand significantly the loans it provides. Zopa co-founder and CEO Giles Andrews underscored the point in a statement, noting that the arrangement is a “clear sign that Zopa is a trusted platform not only for consumers, but also institutions to deploy their funds.”

Closer relationships between institutions and P2P platforms has drawn criticism from some who say that institutional participation will crowd out individual investors. Against this, Zopa notes that loans are allocated at random between institutions and individuals, and that both investors earn the same rates of interest based on loan length.

Founded in 2005 and headquartered in London, Zopa demoed its technology as part of FinovateStartup 2008.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on May 19, 2015
Categories: ACI Worldwide, Avoka, Bill.com, BillGuard, Cloud Lending, Coinbase, Credit Karma, Credit Sesame, D3 Banking, INETCO Systems, Intuit, Jumio, Kabbage, Kony Solutions, Kreditech, MasterCard, On Deck Capital, PayItSimple, PayPal, planwise, Prosper, Ripple, TransferWise, Trulioo, ValidSoft, Venmo, WePay, Zopa

On Finovate.com

PayItSimple Pulls in $10 Million Line of Credit

Check out FinovateSpring 2015 in the Press

Ripple Labs Reels in $28 Million, Eyes Asia Expansion

P2P Lending Meets High Street Banking as Metro Bank Partners to Lend via Zopa

Credit Sesame Raises $16 Million in New Funding

Planwise Raises $750,000, Nearly Doubling Total Capital

Around the web

Fox Small Business News names 11 Finovate alums in list of Hot Fintech Startups to watch.

Edenred México S.A. incorporates INETCO’s Insight software platform.

D3 Banking taps Jeffrey Walker as chief information security officer.

MasterCard launches P2P payments service, MasterCard Send, to help businesses reimburse rebate consumers without checks.

nTrust to deploy ID verification technology from Trulioo.

North American Savings Bank (NASB) partners with ACI Worldwide for online, mobile banking and billpay.

Avoka, Bill.com, BillGuard, CoinBase, Credit Karma, Jumio, Kabbage, Kreditech, OnDeck, Prosper, TransferWise, Trulioo, Venmo and WePay earn spots on Inc.com’s “20 Financial Technology Startups You Need to Know.”

ImageWare selects ValidSoft’s voice biometrics solution.

Kony teams with Citrix, to offer customers a mobile app solution from mobile design and development to enterprise mobility operations.

Altifi.com features Cloud Lending Solutions’ Cloud Lending Exchange.

ZD net: Intuit tightens PayPal integration with data synchronization app.

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.

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Finovate Alumni News

By David Penn Posted on May 11, 2015
Categories: ACI Worldwide, AlphaClone, Bright Funds, Fastacash, itBit, Kreditech, Lending Club, Motif Investing, Prosper, Silanis Technology, Toshl, Zopa

On Finovate.com

FinovateSpring 2015: It’s time for a Fintech Showdown in San Jose

Around the web

Forbes column on a “$30 trillion customer service experience” features insights from Motif Investing CEO Hardeep Walia.

Wells Fargo funding authorizes ApproveIt Web Server from Silanis Technology as part of their approved e-signature solutions program.

Sun Sentinel article highlights Toshl Finance in a discussion on the eight things you should know before going to college.

Column on RIAs and the active ETF market quotes AlphaClone CEO Mazin Jadallah.

Bright Funds establishes six disaster-response funds to support Nepal disaster relief.

The Economist features Lending Club, Prosper, Zopa, and Kreditech in its look at P2P lending and “financial democracy.”

Axis Bank launches Ping Pay, a multisocial payment app, in partnership with Fastcash.

PYMNTS.com considers what itBit’s New York banking license and $25M funding means for the broader bitcoin community. See itBit at FinovateSpring 2015 in San Jose this week.

ACI Worldwide signs Letter of Commitment to support U.K. Faster Payments Scheme’s New Access Model.

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.

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Finovate Alumni News

By David Penn Posted on May 6, 2015
Categories: Asseco, BizEquity, CashStar, Digital Insight, Dwolla, FinanceIt, FIS, Lending Club, LendKey, Nomis Solutions, Ripple, Trizic, Wallaby Financial, Xero, Zopa

On Finovate.com

Trizic raises $3 million in seed funding from Operative Capital. See Trizic at FinovateSpring 2015 in San Jose next week.

Around the web

Wallaby Financial partners with NXT-ID to bring Wocket Smart Wallet to Wallaby customers.

Asseco SEE teams up with UniCredit CEE to launch its fully native new generation tablet banking solution in six Eastern European countries.

Nomis Solutions taps Michael DeGusta as vice president and chief architect.

Service Credit Union offers mobile banking services with Touch ID, courtesy of pilot program run by Digital Insight.

Financeit partners with eOriginal Inc., bringing eSignature technology to Financeit customers.

Studio Movie Grill launches digital gift cards powered by CashStar.

Banking Exchange column on real-time payments in the U.S. features FIS, Dwolla, and Ripple.

Zopa to help provide financing for Uber drivers looking to buy their cars, rather than rent them.

American Banker features LendKey. Check them out at FinovateSpring next week in San Jose.

American Banker reports that partnerships fuel Lending Club’s unexpectedly fast growth.

BizEquity launches new ‘Adviser Office’ service.

Pepperi partners with Xero to extend cloud accounting with mobile sales automation.

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.

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Finovate Alums Win Honors at Fintech Innovation Awards

By David Penn Posted on March 19, 2015
Categories: Alpha Payment Cloud, Azimo, Dwolla, INETCO Systems, Jumio, Loop, Misys, Monitise, Nutmeg, Top Image Systems, TransferWise, Uncategorized, Xignite, Yoyo, Zopa

Congratulations to the fourteen now and soon-to-be Finovate alums recognized by the Fintech Innovation Awards 2015. Four alums took home top honors in their categories.

Nutmeg won two categories: “Fintech Marketing Campaign of the Year” and “Fintech Startup or Early Stage of the Year”. Nutmeg CEO Nick Hungerford was also a finalist in the “Fintech Leader of the Year” category.

Jumio won the “Anti-Fraud/Security Initiative” category. Making its Finovate debut last month at FinovateEurope 2015, Yoyo won in the “Mobile Commerce and Banking” category. And INETCO, which will make its Finovate debut at FinovateSpring 2015 this May in San Jose, won the “Data Solutions” category.

Other Finovate alum finalists were:

Held at The Brewery in London, the FinTech Innovation Awards recognize accomplishments in global finance and payments technology. In addition to recognizing achievements by individual companies and CEOs, the event also honors collaboration via its “Project Implementation Team” and “FinTech Deal of the Year” awards (Finovate alum Dwolla was a finalist in the latter for its partnership with the Chicago Mercantile Exchange).

The Fintech Innovation Awards 2015 were held in association with bobs guide and paymenteye. Read more about the event.

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Finovate Alumni News

By David Penn Posted on March 19, 2015
Categories: AdviceGames, Flint Mobile, INETCO Systems, investUP, Jemstep, PayNearMe, PayPal, Pendo Systems, Revolut, Sedicii, Zopa

On Finovate.com:

Flint Mobile Opens Up for Developers to Embed In-App Card Payments.

PayNearMe Brings Online Cash Payments to ProfitStars’ EPS Smart Pay Express.

Around the web:

BECU licenses INETCO Analytics to gain insights from ATM transaction data. See INETCO at FinovateSpring 2015 in San Jose.

investUP adds five new equity and P2B crowdfunding sites to its platform.

Sibos Innotribe selects semi-finalists: Revolut, Sedicii, Advice Games, and Pendo Systems.

PayPal Here now available with Microsoft Surface Pro 3 Online and in Microsoft Store.

Zopa celebrates a decade of P2P lending.

Jemstep partners with Stronghold Financial to launch Advisor Lead Gen Platform.

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.

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

By David Penn Posted on December 18, 2014
Categories: Betterment, Coinbase, Credit Karma, CUneXus, Dwolla, eToro, FutureAdvisor, Kabbage, Klarna, Kreditech, LearnVest, Lending Club, MiiCard, Motif Investing, Nutmeg, On Deck Capital, PayNearMe, Personal Capital, Prosper, SecureKey, SigFig, SocietyOne, Stockpile, SumUp, The Receivables Exchange, TransferWise, Wealthfront, Xero, Yodlee, Zopa

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.

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.

Wealthfront – (as kaChing) FinovateStartup 2009
Kabbage – FinovateFall 2014
Motif Investing – FinovateFall 2013
Klarna – FinovateSpring 2012
Lending Club – Finovate 2007
OnDeck – FinovateSpring 2012, FinDEVr San Francisco 2014
Kreditech – FinovateSpring 2014
Xero – FinovateSpring 2011, FinDEVr San Francisco 2014
Yodlee – FinovateFall 2013, FinDEVr San Francisco 2014
Prosper – Finovate 2007
Coinbase – FinovateSpring 2014
Credit Karma – FinovateStartup 2009
LearnVest – FinovateFall 2011
Personal Capital – FinovateFall 2011, FinDEVr San Francisco 2014
PayNearMe – FinovateSpring 2013, FinDEVr San Francisco 2014
SecureKey – FinovateFall 2010
Nutmeg – FinovateEurope 2012
Transferwise – FinovateEurope 2013
Betterment – FinovateFall 2010
SocietyOne – FinovateAsia 2012
eToro – FinovateEurope 2011
SumUp – FinovateEurope 2013
Zopa – FinovateSpring 2008
Receivables Exchange – FinovateFall 2010
FutureAdvisor – FinovateFall 2013
Dwolla – FinovateSpring 2011
SigFig – FinovateFall 2011

“Ones to Watch”

CUneXus – FinovateSpring 2014
miiCard – FinovateFall 2013
StockPile – FinovateSpring 2014

See the full list of companies here.

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Alumni News– December 1, 2014

By David Penn Posted on December 1, 2014
Categories: Azimo, Check Point, FreeAgent, MasterCard, Moven, NICE Systems, PayPal, Sandstone, Segmint, Tagit, Zopa

TechCrunch takes a look at PayPal’s plans for bitcoin integration.

Zopa to provide financing for Flowgroup customers.

Azimo introduces £1 money transfers to Lithuania.

MasterCard announces launch of MasterPass in UAE.

Call capture technology from NICE Systems now compatible with Speakerbus iTurrent dealer board.

FreeAgent named “Practice Software Product of the Year” at 2014 British Accountancy Awards.

Zopa takes additional step to authenticate users.

Adelaide Bank signs Sandstone Technology to deliver new loan origination system.

Check Point Software launches Check Point Capsule to protect business data and mobile devices, everywhere.

Crain’s Cleveland Business features Segmint in the hot fintech market.

Maybank Singapore updates Tagit-powered mobile banking app.

Bank Technology News Report: TD Bank to Use Moven’s Money Management Software.

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.

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Alumni News– November 17, 2014

By David Penn Posted on November 17, 2014
Categories: Arroweye Solutions, Arxan Technologies, Billhighway, Bluefin Payment Systems, Boku, Google Cloud Platform, Hoyos Labs, InComm, Knox, Minetta Brook, Rippleshot, TradeKing, TransferWise, Venmo, Zopa

Boku announces a pair of C-level appointments: Ingo Lippert as CBO, Christian Hinrichs as CFO.

Zopa partners with AltFi Data; plans to open loan book to the public in Q1 in 2015.

The Sunday Times profiles TransferWise founders Kristo Kaarmann and Taavet Hinrikus.

TradeKing begins rollout of its new 100% responsive website.

Bolstr surpasses $200,000 in 2014 investor payouts

Expensify featured in Slate. Check out the video.

Billhighway’s 523% Four-Year Growth earns it the #193 Spot on the Deloitte Technology Fast 500 List.

ChicagoInno features Arroweye Solutions and Rippleshot for their listings on the FinTech Forward Rankings.

Check out Finovate Debuts: Minetta Brook’s Knewsapp.

MetaIntelli and Arxan Technologies partner to help developers mitigate mobile security and privacy risks.

Venmo gets Touch ID security, tagging, and direct linking to bank accounts.

MyBankTracker examines how 1U is using Hoyos‘ facial recognition security technology.

InComm launches New eCommerce Site for B2B Bulk Gift Cards.

Bluefin joins the New York Bankers Association.

Google Compute Engine now features intelligent horizontal Autoscaling.

Wharton Fintech blog features Knox Payments.

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.

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Alumni News– November 4, 2014

By David Penn Posted on November 4, 2014
Categories: Dragon Wealth, EyeVerify, Feedzai, Fidor Bank, iQuantifi, MX, SecureKey, SK Planet, TipRanks, Xendpay, Xpenditure, Zopa

Oberthur and SecureKey announce collaboration to enable secure cloud transactions.

Zopa reports £250 million lent in 12 months.

Xendpay eliminates fee for overseas bank-to-bank transfers.

MX boosts its funding total to $20 million with new investment.

Xpenditure announces two new partnerships, US expansion.

Financial Advisor profiles robo-advisor, iQuantifi.

SK Planet teams up with Celcom Axiata Bhd to form joint-venture company, Celcom Planet.

Programmable Web takes a look at Feedzai’s anti-fraud API.

EyeVerify announces Eyeprint ID v2.0 to launch in January on iOS and Android.

Fidor Bank and Kraken join forces to launch specialized bank for crypto currencies.

TipRanks CEO and co-founder Uri Gruenbaum discusses financial accountability in a CNBC panel discussion.

Dragon Wealth named Euromoney Magazine’s Best Wealth Management Innovator in Asia.

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.

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Alumni News– October 27, 2014

By David Penn Posted on October 27, 2014
Categories: Azimo, Encap, Expensify, Feedzai, FutureAdvisor, Nutmeg, PayNearMe, Prosper, SocietyOne, The Currency Cloud, Thinknum, TransferWise, Xignite, Zopa

Feedzai and Encap Security team up to combine behavioral profiling with device credentialing to build better security for banks and merchants.

CB Insights lists Nutmeg, TransferWise, The Currency Cloud, and Azimo among the 10 top fintech startups from the UK.

The Guardian Money section looks at peer-to-peer lender including Zopa.

TWiST (This Week in Startups) interviews FutureAdvisor Co-Founder and CEO Bo Lu.

Prosper reaches $2 billion, reaching the second billion dollars in just 6 months.

Payment processing solutions provider, Bill2Pay, partners with PayNearMe to digitize cash collections.

Expensify open sources Segmented Control widget.

The Australian Business Review features Matt Symons, SocietyOne co-founder.

Check out Finovate Debuts: Thinknum.

Wired features Bionym’s Nymiband.

EVO* Snap launches mPOS Solution Supporting Apple Pay and EMV Globally.

MedicalMine and Bluefin Partner for Integrated Patient Payments.

Check out our feature on Xignite: Inspiring the Future of Finance with Easy and Speedy APIs

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.

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