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The so-called cardless ATM has been around for awhile. I remember seeing one at the Wincor Nixdorf booth at BAI Retail Delivery four or five years ago. I thought it was a good idea at the time, but not something that would change my behavior. I mean, how hard is it to swipe your card Read more…
Perhaps due to the holiday-shortened week in the United States, it was a week of smaller rounds as 16 companies raised a total of $68 million (of which $8 million was debt), with only two above seven figures (Payfirma, Kantox). That compares to an average of $340 million per week so far this year. And, Read more…
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 Read more…
This post is part of our live coverage of FinovateSpring 2015. Persistent Systems demoes its payments innovation, BuddyPay. BuddyPay is essentially a switching mechanism for Payment made for purchases of goods and services from an online site. It’s a mechanism that allows another person/entity (payer) to pay for goods and services purchased by someone else Read more…
This post is part of our live coverage of FinovateSpring 2015. Finaeos debuted its compliance automation: Finaeos Automates the Back-Office and Capital Raise Compliance. • Private placement memorandums (full version control for legal and disclosure updates) • Automated/fillable forms and workbooks • Subscription documents and, when required, promissory note in debt offerings • KYC “Know Read more…
This post is part of our live coverage of FinovateSpring 2015. DriveWealth demonstrated its “Brokerage as a Service” platform: DriveWealth’s innovation is to offer “Brokerage as a Service.” By way of our full-technology stack and regulatory licenses, financial companies that currently offer investing in their local markets (i.e., India, China, Latin America, United States) can Read more…
This post is part of our live coverage of FinovateSpring 2015. The co-founders of Onovative are demonstrating Core iQ to help FIs make the most out of customer data: Banks and credit unions have an abundance of customer data already present in their current software systems. The problem is, that data isn’t easily actionable or Read more…
It’s another unicorn week in fintech, although “only” $750 million of the nearly $1 billion in new funding was equity. Affirm’s $275 million round was rumored to include about $200 million in debt to fund its alt-lending efforts. But that wasn’t even the biggest deal this week. Zenefits, founded by serial entrepreneur and multiple Finovate Read more…
With FinovateSpring just over the horizon, we took a look at where the 72 presenting companies will be traveling from before they arrive in San Jose on 12/13 May. We’ll be hosting companies from 23 states and six countries. It turns out that 17 of the companies are already based in Silicon Valley and will Read more…
On Finovate.com Get Your Kicks: DriveWealth Earns Investment from Route 66 Ventures. See DriveWealth make its Finovate debut at FinovateSpring 2015 next week in San Jose. Around the web India’s Karnataka Bank deploys “e-lobby” services from FIS. See FIS in action at FinovateSpring 2015. Ayasdi earns spot on Computer Reseller News’ Big Data 100 for Read more…
While it wasn’t a unicorn week, 15 companies raised $125 million for a respectable annual run-rate of $6.5 billion. There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Here are the deals listed by size from 25 to 30 Read more…
Today marks our final Sneak Peek preview. We hope you’ve enjoyed the opportunity to get to know a little about the companies that will be taking the stage at FinovateSpring 2015. Register today to see and meet these innovators in person on 12/13 May at our upcoming conference in San Jose, California. If you’ve missed Read more…