Finovate: Bundle Archives

Finovate Alumni Website Traffic in September

By Julie Schicktanz on November 2, 2011 1:00 PM

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.

Private Companies

Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
Kabbage had the highest percentage growth year-over-year, up 280x.
Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.

Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was August 2011

2) Sears Credit Score is powered by CreditKarma.com

3) Truaxis was formerly BillShrink

4) Kasasa is powered by BancVue

Public companies

CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.

Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.

_______________________________________________________

Notes:

1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = not measurable

4. t= tie

5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Finovate Alumni Website Traffic in August

By Julie Schicktanz on October 20, 2011 6:30 PM

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.

Private Companies

Seeking Alpha -- the most-trafficked in August with 2.5 million unique visitors -- also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
Betterment had the highest percentage growth year-over-year, up 88x.
Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million.

Source: Compete.com retrieved week of October 3, 2011

1) The previous month recorded was July 2011

2) Truaxis was formerly BillShrink

3) Sears Credit Score is powered by CreditKarma.com

4) Kasasa is powered by BancVue

5) Checkingfinder.com is powered by BancVue

Public Companies

Fiserv had the highest month-over-month percent growth, with 50% more visitors.
CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
S1 also had a high percentage growth year-over-year, doubling its visitors.

Source: Compete.com retrieved the week of October 3, 2011

1) The previous month recorded was July 2011.

_______________________________________________________

Notes:

1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = Not measurable

4. t= Tie

5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Bobber Interactive and Bundle Are Making Finance Interesting with Social Engagement

By Julie Schicktanz on October 3, 2011 10:22 AM

Earlier this week, Bank Technology News wrote about the gamification of finance. The article describes Capital One's promos in Zynga's CityVille (a FarmVille-like game), then looks at Seattle-based Bobber Interactive's new GoalCard:

"Users set up their accounts and access funds with a Visa debit card issued by Meta Financial Group Inc.'s MetaBank Inc. and offered by Plastyc Inc. They are encouraged to share their financial goals with their Facebook friends, and they get points and rewards for transacting and sharing the application with others."

New York-based Bundle is also highlighted in the article for its spending tracker and comparison platform:

"Bundle, which is backed by Citigroup Inc., analyzes card transaction data to help customers track their spending. It also compares their spending to various demographic groups based on aggregated data provided by Citi and other sources."

Both Bobber Interactive and Bundle demonstrated their platforms at FinovateFall last week. Full-length videos will be posted within the next two weeks. In the meantime, check out Bobber Interactive's FinovateSpring 2010 demo and Bundle's FinovateSpring2011 demo.

FinovateFall 2011 Live Twitter Transcript

By Julie Schicktanz on September 28, 2011 8:56 AM

Here's a transcript from Finovate's live twitter stream during FinovateFall last Tuesday and Wednesday.

The entries appear in chronological order:

Day 1, Session 1

Here we go, Finovate number 10 starts in 10 minutes. Lots of cool tech coming! Follow the #finovate hashtag for next 2 days.

Weemba is launching a "reverse lending" system that puts borrowers in control. Only lenders they authorize can contact them. Link

Demyst.Data is launching a lender predictive analytics system to grow portfolios through better segmentation. Link

Google is showing its new Advisor that is designed to improve the search experience for mortgages, credit cards, etc. Link

Google is showing how you can easily compare terms and conditions. It is inviting banks to talk to them to participate.

Betterment is launching goal-based investing to its simple investing platform. Link

Betterment is showing how to create multiple goals with different asset allocations. This is a great, understandable investment UI.

Segmint is launching SegmintSocial, a platform for financial institutions to interact with customers on Facebook. Link

Segmint is demoing a bank dashboard and live chat-like user interface to engage customers in Facebook.

Kabbage is debuting its SocialKlimbing system that uses social activity as part of the credit evaluation process. Link

Kabbage is demoing the social and sales analytics around an eBay merchant's store in order to assess the merchant's risk and increase credit.

RobotDough is launching an "antivirus for your portfolio" that monitors a brokerage account for accounting red flags. Link

RobotDough has massive coverage: it is worldwide on 130 stock exchanges, has 45,000 companies worldwide, and has options coverage coming soon.

RebirthFinancial is showing a new way for lenders to analyze small businesses. JAS (pronounced jazz) is a neural network rating system. Link

Rebirth Financial is looking to popularize a small business predictive model-- there is a big need for that.

CreditSesame is launching its "badges of financial responsibility" to "certify credit worthiness" to the world. Link

Day 1, Session 2

TandemMoney is launching a system for users to "borrow" from themselves, then repay. This helps to minimize interest. Link

TandemMoney is demoing the "loan" process that uses a "plain talk promise" to disclose exactly what's going on.

Equifax is demoing a freemium service that shows "Places" on its mobile app and has real-time access to your credit file. Link

Equifax is showing how you can use its mobile app to determine "neighborhood safety" based on credit scores. It also has a "credit report" lock toggle.

Transecq is showing its ENTERSECT out-of-band transaction authentication system using a mobile phone. Link

Transecq is using push-based notifications rather than an SMS message for the 2nd-factor authentication.

Balance Financial is demoing a bill upload process using an iPhone camera. It also launches a FaceTime chat with the personal bookkeeper. Link

Balance Financial's app has receipt uploads that are managed with help of a personal bookkeeper at $40 per month.

Micronotes is showing its new KulaX cross-sell engine 1st Advantage Credit Union on stage demoing it Link

1st Advantage FCU says it gets three times the number of leads using Micronotes compared to the traditional method of direct marketing.

PersonalCapital is launching its company today at Finovate, calling itself an "investment management for the Internet age." Link

Personal Capital is demoing an investment management UI which really pops, showing an "investment checkup" with fee projections.

Personal Capital demonstrates its free service using an iPad app with FaceTime connection to your financial advisor. It ends its demo with an iPad giveaway.

Kony is showing its new mobile commercial banking application that streamlines approvals and transactions. Link

MyCyberTwin is debuting an "emotionally responsive AI virtual agent" that is able to use emotion, smile, frown, etc. Link

MyCyberTwin is demoing a fully automated avatar deployed on Australia's NAB. It captures customer mood and responds to what they really want.

Day 1, Session 3

CashStar is launching its Digital Gifting platform where the iPhone app turns card points into mobile gift cards. Link

Authentify is launching 2CHK for a secure, 2-way window into user accounts for review, approval, or cancelation of transactions. Link

Backbase debuts its Retail Bank of the Future, and suggests products that "other people like you use" (Similar to Amazon.com's recommendations). Link

Andera is showing its new FortiFI system that scans new account applications submitted to over 500 financial institutions. The system discovers fraud patterns. Link

Andera is demoing a fraud app made on BankSimple app. Side note: this is the first Finovate company with masked man driving the laptop!

eToro is launching "Copy.Me," a store where you can find the top traders to follow and copy their trades. Link

The best jokes delivered at Finovate so far: eToro's Yoni Assia (high school copying) and Kabbage's Marc Gorlin (naked tweeting).

Yodlee is showing its new "Dynamic Consumer Experience" with a large "deals" section in the upper-right. Link

Yodlee is showing a goal-oriented profiling tool, Smart Credit, in its FinApp Store. Real-time PayPal payments can be used to pay bills.

BillGuard is demoing its new "Antivirus for Bills," a crowd-sourced database with information on bad charges to inform all users of the fraud. Link

BillGuard is demoing a Yodlee-powered daily scan on credit card transactions across all your cards. It flags potential issues and likely fraud.

BillGuard today is launching "BillGuard browser extension," so far it has found fraudulent charges on 20% of cards-- this adds up to $350,000 in savings.

BillGuard is launching a collaborative industry working group to track fraudulent charges.

Day 1, Session 4

modoPAYMENTS is showing its full-service mobile payments service using a live helmet cam at a local bar. Link

So glad that modoPAYMENTS the helmet cam demo worked!

cbanc Network is showing a "social network-like" system for bankers to work with each other to tackle issues. Link

cBanc uses a virtual currency to incent bankers to upload answers and solutions to the network so that others can "buy" the solutions.

cBank has 2,900 participating financial institutions and 3,000 solutions and answers in the system, including exam sharing. It even has a method to NOT share the information with competitors.

cBank Network is launching vendor opportunities today such as advertising, review responses, surveys, etc.

SigFig is a "second set of eyes for your portfolio." It can set up a meeting with your adviser within the system.

SigFig is showing its system for avoiding trading fees, showing a real example where the user could save $150k per year. Link

Mootwin is showing its new mobile investment management and trading system with real-time updates. Link

Experian is demoing its new myID privacy and identity monitoring system. Link

Experian myID will help you opt out from tracking services. This helps get your name and mobile phone number removed from data aggregation services.

Experian myID can be white-labeled for financial institutions.

Plastyc is showing its new savings account attached to Upside prepaid account. It includes goals and achievements. Link

Plastyc is showing its systematic savings tools and cash-back rewards to incent savings (currently 6% rate).

Dynamics is launching Chip & Choice, enabling advanced EMV applications without the need to update point of sale terminals. Link

Dynamics drops its card into a glass of water to show that it can go through the washer, nice.

Day 2, Session 1

FinovateFall 2011 day 2 starts off with T8 Webware.

T8 Webware is launching Grip, a mobile banking app with aggregation to monitor all accounts. It also includes receipt upload. Link

T8 Webware built its own aggregation engine. The app carries a fee of $0.99 for each month used.

Swipely is launching a "loyalty for main street," platform that is linked to customer credit and debit cards. Link

CREALOGIX is launching CLX.SentinelDisplay, a USB device with keypad, display, and a hardened browser for out-of-band authorizations. Link

CREALOGIX also includes complete data confidentiality: when the USB device is disconnected, nothing about the session remains on the PC.

ACI Worldwide and MShift are unveiling their Mobile Enterprise Banker," a business banking app for tablets. Link

ACI and MShift are demoing on the iPad, showing how an urgent push notification from a bank overrides an "Angry Birds" session-- nice visual.

FuzeNetwork is launching Swipe2Pay to make a cash payment or deposit to a bank by swiping a card at a retailer's point of sale. Link

Fuze Network is demoing actual point of sale transactions where "any card" works. The system is live at ACE now.

FreeMonee is showing its new card-linked offers system to provide simple cash back rewards. Link

MitekSystems is debuting "Mobile Balance Transfer" for banks to acquire new credit card customers. Link

Mitek is demoing "point.shoot.transfer.save." Users take a photo of a credit card statement, the tool extracts the APR/balance, then uploads the information to the issuer for an offer.

Mitek is showing what happens in the back office when an image is received and how it is evaluated.

Truaxis (formerly BillShrink) is demoing its new platform that delivers personalized discounts via web, mobile, and email. Link

Truaxis says that the majority of its users want "Netflix-like" recommendations for purchases. There is great potential for banks to showcase this information.

LearnVest is creating the 1st online 'financial fitness center'. Its goal is to make financial planning more accessible to women. Link

LearnVest has put 250,000 users through its "financial boot camp" in past 3 months. It is showing a PFM with a "Gmail look and feel."

LearnVest is demoing a "financial advice center" with costs $130/yr or $4.99 for 1-day.

Day 2, Session 2

Cartera Commerce unveils its Local Offers solution, part of its card-linked offers service. Link

Cartera Commerce is demoing its merchant self-service interface.

FamZoo is showing its system for teaching kids good money habits via co-branded FamZoo Virtual Family Bank. Link

FamZoo is demoing how kids and parents interact through its online interface, manage spending, incent savings/giving, and create rewards.

FamZoo is launching a "partnership edition" today, a private branded version for banks, credit unions, and advisors.

oFlows is launching a broad-based paperwork solution; allowing for the digitization of all types of paper-based transactions. Link

oFlows is demoing the upload of a voided check to handle account verification on-the-go.

InComm and CorFire are showing a new mobile platform for retailers to personalize the consumer payment experience. Link

InComm and CorFire are demoing an offer delivered in-store on a mobile device. It then uses a mobile barcode to pay at the point of sale.

planwise is debuting its company at Finovate today. It is designed to help consumers understand their financial plans. Link

planwise offers "Secure Share" to provide the ability to share parts of your financial plans with others-- this is a much-needed online finance feature.

Jingit is launching a transactional ad platform where consumers can earn cash for engaging with brands. Link

Jingit is demoing how it works with an online music store: "instant earn/instant spend." It is working with US Bank for cash-back rewards.

LighterCapital showing its new Revenue Loan that offers "debt-like risk with equity-like returns." Link

Ligher Capital is showing its two-question loan application--that should raise eyes. It is also discussing real "Tomato Battle" funding.

Lighter Capital is launching "social security" with partners. It combines "light-weight lending platform" with social media-based decisioning.

MasterCard is showing its new Small Business Controller, part of the inControl suite to create unique payment products. Link

MasterCard is demoing virtual card creation by small businesses with real-time alerts to employees.

BankSimple is showing its user interface publicly for the first time today, focusing on speed and simplicity. Link

BankSimple features a "Safe-to-spend" balance that is "red flagged" in the upper left corner of the main page. It is also demoing a "Goggle-fast" natural-language search.

BankSimple is "helping users learn from their transactions". It is demoing fast bill-pay with real-time processing.

BankSimple is demoing a goal setup. Users can pause, lock, resume, or manually add to it. It is also showing a mobile interface that was "designed before online UI."

Day 2, Session 3

PayNearMe is launching its new automobile-loan payment service using cash at local stores such a 7-Eleven. Link

PayNearMe is demoing with a Monopoly board and a toy cash register--a Finovate first.

PayNearMe demos making payments for rent and utilities with a mobile bar code scanned at a 7-Eleven.

CarryQuote is showing its Intellicast system to quickly publish investment research to mobile and tablet apps. Link

CarryQuote is launching a "conference feature" to connect with customers before, during, and after investment events. It also has real-time updates.

FeeFighters is launching the Samurai payment gateway, the "simplest way to accept payments online." Link

FeeFighters is demoing how to add its gateway to a webpage. It uses "intelligent routing" of payments to ensure the lowest cost.

Wall Street Survivor is launching a new interface catering to investing beginners. It uses missions to educate the learning investors. Link

Wall Street Survivor is the "largest fantasy stock market online," with 350,000 registered users.

Wall Street Survivor is demoing a stock trading "mission" with virtual cash and points to reward users. It also includes Facebook integration.

miiCard is showing "Assured Identities" to serve as "drivers license/passport checks" for the online world. Link

miiCard is designed to reduce high levels of "financial cart" abandonment, showing how it can be integrated into a banking site.

DoughMain is launching a family financial management platform and three age-relevant financial game sites. Link

DoughMain is showing a financial homepage for pre-teens with a service that includes a prepaid card. It also has a gift card purchase cart.

DoughMain is looking to offer versions for banks.

Bundle is using actual spending data to help "cut through the noise" of user-review sites like Yelp. Link

Bundle is demoing its advanced "search results filtering" to hone in on restaurants that attract repeat customers.

Day 2, Session 4

Transparency Labs is working on the transparency genome to decode and explain financial "fine print." Link

Transparency Labs is demoing how it can break down the "fine print" and uncover fees and important conditions, showing it in a dashboard.

Transparency Labs also monitors existing agreements and sends alerts when the "fine print" changes.

ActivePath and Cardlytics are teaming up to deliver in-statement offers delivered directly to clients via email. Link

Cardlytics and ActivePath are showing "active mail" within Gmail. It includes an "offers" tab within the emailed bank E-Statement.

The Cool House of Financial Media is launching eyeOpen, a financial matching service that provides the best-fit in financial products. Link

The Cool House of Financial Media is demoing a consumer profiling session with eyeOpen, and recommends products based on what other people liked.

IND Group is launching IND Innovation, a new online and mobile platform that includes a "bank feed." Link

IND Group is demoing mobile P2P payment with a QR code. It supports "mobile first" banking.

Offermatic is reinventing "daily deals" by making them relevant and easy to redeem through bank card linkage. Link

Offermatic is offering "guaranteed net new profitable customers." It is demoing a dashboard of metrics for merchants with zero cost to the merchant.

Offermatic is launching Dynamic Offers, the first system that pegs the value of a discount to the value of the customer. It also track repeat purchases.

ReadyForZero is showing a new system with loan repayment automation and data sharing. Link

ReadyForZero found that its users pay down debt twice as fast as non-users; its designed to reduce credit losses for banks/card issuers.

Bobber Interactive is launching its GoalCard app on Facebook. Link

Bobber Interactive's social-game-based system is geared towards GenY; asks "who would you rather loan $50 to?" using Facebook tools.

Bobber Interactive "is helping Gen-Y win at money" ($200 billion market).

That's it-- FinovateFall is a wrap...see you in the networking hall!

Bundle.com Personalizes Recommendations Based on Demographics

By Julie Schicktanz on September 21, 2011 1:58 PM

Finishing off this afternoon's first set, Bundle.com demonstrated the ability to search for personalized recommendations, such as where to go for dinner:

"Bundle.com has recently launched the ability for people to personalize their search based on select demographic or behavioral profiles. So, for example, if you want to figure out where foodies are going to eat in Chelsea or where the 26-35 yrs people are shopping for clothes, it's all available on Bundle."

Product Launched: August 2011

HQ Location: New York, NY

Company Founded: June 2009

Metrics: 1 million visits

Website: bundle.com

Presenting Jaidev Shergill (CEO) & Phil Kim (CTO)

Finovate Alumni Website Traffic in July

By Julie Schicktanz on August 29, 2011 9:48 AM

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 255 alumni, 59 (23%) had more than 10,000 unique U.S. visitors in July 2011 (see tables below). Of those, 19 (32%) had more visitors than in the previous month and 25 (42%) were flat. Year-over-year, 26 (44%) had an increase, 10 (17%) were flat, and 23 (39%) were down.

Private Companies

Notable successes:

Seeking Alpha had the most traffic in July with more than 2 million unique visitors.
eToro saw the highest monthly growth percentage with 3 times the number of unique visitors in July compared to June.
Bundle had the highest increase in number of unique month-over-month visits, with 450,000 more visitors in July than in June.
eRollover had the highest percent year-over-year traffic increase, with 260,000 more visitors from last July.

Source: Compete.com retrieved week of August 15, 2011

1. The previous month recorded was May 2011

2. Sears Credit Score is powered by CreditKarma.com

3. Kasasa is powered by BancVue

Public Companies

Notable successes:

PayPal had the highest number of U.S. visitors in July, with more than 30 million visitors.
Jack Henry & Associates saw the highest monthly growth with twice as many visitors in July than June.
Wipro Technologies had the highest year-over-year growth, with 3 times as many visitors this year compared to last year.
FIS Global and Online Resources also doubled their traffic compared to last year.

Source: Compete.com retrieved the week of August 15, 2011

1. The previous month recorded was May 2011.

_______________________________________________________

Notes:

1. We reviewed 255 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = Not measurable

4. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

PayPal and Cortera Take Charge in May's Web Traffic

By Julie Schicktanz on July 7, 2011 2:07 PM

Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate.

Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year.

Private Companies
The 44 private companies are as follows:

Notable successes:

Cortera saw the highest number of unique U.S. visitors in May, with almost 2 million hits.
HelloWallet experienced the greatest month-over-month growth, with more than four times as many visitors.
Betterment saw its traffic increase an impressive 38 times from May of last year.

Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

Public Companies
The 18 public companies are as follows:

Notable successes:

PayPal experienced the highest number of U.S. visitors in May, with over 32 million visitors.
TransUnion Interactive saw the highest month-over-month growth with more than two times the number of visitors in May than in April.
Sybase 365 experienced the highest year-over-year growth, with its traffic up almost 80% from last year.

Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

_____________________________________________________________________________

Notes:

1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because:

They had been acquired.
They were no longer available online.
They were not covered by Compete for various reasons (including some that were not U.S. domestic companies).
The number of unique visits was too small to be considered accurate.
They were subdomains of larger websites.

2. Numbers have been rounded to three significant digits.

3. The charts include companies that did not have measurable traffic in May 2011, indicated by "N/A."

4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.

FinovateFall 2010 Demo Videos Now Available

By Eric Mattson on November 7, 2010 8:38 PM

We're pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall's NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition!

(P.S. If you're interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Weekly Updates -- Week of 10/3/10

By Jessica Ward on October 11, 2010 5:18 PM

Here are the news updates for the past week. To view our updates in real-time, follow us on Twitter here.

Andera closes a $9 million funding round led by Edison Ventures. The company plans additional hiring soon. http://bit.ly/finovate9282

Bling Nation now available throughout the Stanford University campus. Students and visitors can now buy lunch, coffee or books with their mobile phones. http://bit.ly/finovate9274.

Palo Alto, CA, is ready for Bling Nation mobile payments. http://yhoo.it/finovate9283

Blippy reports users sharing $500K in purchases a day. http://j.mp/finovate1061

CashEdge partners with Bundle.com on the "My Money" application. http://bit.ly/finovate1017

Centrro is changing focus, no longer providing credit scores. It will instead focus on helping users understand and improve their credit. http://j.mp/finovate1065

ClairMail raises $13.8 million for mobile banking technology. http://tcrn.ch/finovate1056

TechCrunch profiles Credit Sesame. http://tcrn.ch/finovate1016

Jemstep prepares to add Exchange Traded Funds (ETFs) and stocks to the mix. See how far they've come since launching in private beta. http://bit.ly/finovate1015

Jwalla and Cardlytics partner to provide reward programs. http://bit.ly/finovate9291

DownloadSquad.com reviews Kapitall. "Massive, beautiful stock market playground." http://bit.ly/finovate1011

Kapitall's iPad app is now available in the iTunes App Store. http://j.mp/finovate1063 (See the Wired Magazine review.) http://j.mp/finovate1064

Federal Credit Union (NJ) is now offering Kasasa Tunes, which pays rewards on free checking in iTunes credits. http://bit.ly/finovate9272

Lending Club adds managing director, Joseph Toms. Toms was a former managing principal of Hilspen Capital Management. http://bit.ly/finvoate9281

Lending Club issued $12M http://www.moneta.com in loans in Sept. 2010. The company has paid out a total of $12 million in interest to investors. http://bit.ly/finovate1058

Mint.com is hosting a contest to spread the news about Mint and win an iPad. http://bit.ly/finovate9294

Moneta has announced a name change. The company will now be known as Rialto Commerce. http://bit.ly/finovate9292

US Bank and Monitise introduce free mobile banking service for prepaid card holders. http://bit.ly/finovate1053

Prosper reaches 1 million members. A grand total of $206 million in loans has been funded on its peer-to-peer platform. http://bit.ly/finovate1057

SafetyPay launches further into Latin America with Braspag partnership in Brazil. http://j.mp/finovate10610

Second Market is hiring. Check current opportunities online. http://bit.ly/finovate9293

Sybase 365 adds Western Union certification. Western Union services will now be included in the mobile wallet systems provided by the company. Western Union has 380,000 agent locations in 200 countries. http://j.mp/finovate1091

The Wall Street Journal named The Receivables Exchange one of the most innovative technology companies in the world. Receivables Exchange was the single winner in the e-commerce category and one of only 17 winners overall. http://bit.ly/finovate9271

ThreatMetrix closes on $12.1 million funding round. So far, the company has raised $18 million to help detect online fraud in social media and gaming platforms. http://tcrn.ch/finovate1051

Wesabe founder Marc Hedlund tells TechCrunch what went wrong. http://tcrn.ch/finovate1014

Chaikian Stock Research selects WorkLight mobile to develop next-generation financial applications. http://bit.ly/finovate1012

Finovate Fall 2010 Best of Show Winners Announced

By Jim Bruene on October 8, 2010 2:59 PM

It was an incredible two days in NYC (Oct. 4&5) as we witnessed 56 new products, services, and features debut on the big stage. Of 56 live demos, there were a few slow connections, an occasional timeout, a missed download or two, and a few lost seconds waiting for mobile screens to refresh, but only one that we had to completely restart. So, overall it went very smoothly.

And the packed house had a great time, found a number of things they could take back to their own companies, and made some great connections (at least that's what they told me anyway).

At the end of each day, attendees voted on three "Best of Show" demos from the 28 just seen. Then, at the end of the conference, we ranked all 56 companies based on this audience vote (see notes). The top seven were named Best of Show.

Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top are as follows (in alphabetic order):

Congratulations! And thanks to everyone that presented, sponsored, attended and followed the #finovate tweets. If I ever recover, I look forward to writing more about where this is all headed.

------------------------------

Notes on methodology:
1. Only audience members not associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Because a different number of ballots was cast each day, we ranked the demos based on the percentage of ballots voting for each presenter.
3. The exact written instructions given attendees:
"Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. PLEASE CIRCLE ONLY THREE"

FinovateFall 2010 Demo Lineup Revealed

By Eric Mattson on August 17, 2010 4:30 PM

We're very excited to reveal the 56 cutting-edge companies that have been selected to demo their latest technology innovations on October 4 and 5 in New York City at FinovateFall.

Over the show's two days, attendees will get to watch the future of fintech and banktech unfold on stage via fast-paced demos (28 each day) from these innovators. And then have a chance to interact with top executives from each of the demo companies during intimate networking sessions.

Without further delay, here's the list of companies we're excited to showcase:

If you're interested in attending the conference, registering now will save you $100 on your ticket via the early-bird discount and reserve your spot (space is limited and we're expecting to sell out). We'll see you in New York!

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

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