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Finovate Alumni News-- February 16, 2012

By Julie Schicktanz on February 16, 2012 8:53 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInspirePay embeds Dwolla's payment network.
  • Fast Co Design applauds ReadyForZero's product and UI.
  • Phil D'Angio appointed as Senior VP of Global Sales for ValidSoft.
  • MAPFRE Puerto Rico selects Identity Theft 911 to provide ID theft protection & resolution services to policyholders.
  • Vision Research Lab highlights Holvi's demo from FinovateEurope.
  • DepositAccounts.com looks at reward checking accounts from Kasasa.
  • Kabbage's partnership with UPS provides more funding by using shipping data in underwriting.
  • BillFloat is loaning more than $1 million per month.
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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FinovateEurope 2012 in the Press

By Julie Schicktanz on February 10, 2012 4:41 PM
Here's a look at press coverage from FinovateEurope on Tuesday:

ArcticStartup
ETRONIKA Creates Kinect-Based Security For Online Banking
by Greg Anderson

Backbase Blog
FinovateEurope 2012: a brief review 
by Jelmer de Jong

BankInnovationLogo.jpg
Bank Innovation
7 New Services Launched at FinovateEurope 2012
by Mary Wisniewski

Banking Technology 
Finovate Europe packs in the punters

Blick Log 
Finanzinnovationen von der Finovate
by MNOCKERL 

bobsguide
Finovate Europe points way to the future
by Neil Ainger

Celent
Another take on Finovate
by Gareth Lodge

FinovateEurope 2012: More Payments and Mobile, Less PFM
by Zilvinas Bareisis

Commercial Integrator
Etronika Unveils Improved Microsoft Kinect-Based Online Banking
by Rachel Cericola

Finance 2.0
Finovate 2012: Der erste Eindruck
by Boris Janek

Financial Services Club Blog
The best of innovation in finance: #Finovate Europe 2012
by Chris Skinner

Finextra
Live at Finovate
by Pat Carroll

Finovate
AcceptEmail's Service Creates an Electronic Bill that Can Be Paid by Mobile

Actiance's Socialite Engage Helps Advisors Manage Social Media

Aimia and Cardlytics Help Merchants Track Offers and Revenue

Backbase Improves Bank 2.0 Portal Manager

Business Centric Services Group Launches CreditHQ

Brokertainment's StockBattle Lets Users Engage in Social Betting on Stocks

CurrencyFair Launches QuickTrade Feature

Dynamics Shows Off Smart Credit Card

eToro Introduces Guru Finder, Launches iPad App

ETRONIKA Revolutionizes How Users Interact with their Online Bank

Fenergo's Deal Manager Helps with Client On-Boarding and Account Opening

Figlo Makes Financial Planning Accessible on Any Device

FinovateEurope 2012 Live Twitter Transcript

Finsphere's Solutions Keep Online Banking Secure

Fiserv Introduces Mobiliti M-Cash

Handpoint Launches Secure Payment Solution for Tablets and Smartphones

Holvi Unveils Group Account Technology

IND Group's Banking-Front Office Gamifies Personal Finance

InvestorBee From DCisions Helps Users Make Sound Investment Decisions

Ixaris Demonstrates Customizable Card Program in a Box

Kabbage's ScoreKard Gives Online Merchants a Dashboard of Health

Liqpay's Zip.liqpay.com Allows for Easy Online Payments

Luup's Wallet System Facilitates the Internal Authorization Process

Meniga Upgrades PFM to Align with How People Think About their Money

miiCard Launches Open Beta of a Digital Passport for Online Identification

Mootwin Enables Users to Better Manage Mobile Apps

Nutmeg Offers a Tailored Investing and Saving Experience

PayPal Demonstrates Instant Account Creation

Ping Identity Shows How Financial Institutions Can Use Social Networking Logins

Sandstone Launches Mobile Banking App

Serverside's Technology Creates Viral Marketing Through Facebook

Service2Media Enables Secure Mobile Payments

Striata Launches Paperless Adoption Technology

Tradeshift's Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices

VALid from ValidSoft Uses Voice Authentication

Wipro Brings Customer Acquisition to the Tablet

ForresterLogo.jpgForrester Blogs
Finovate Europe 2012: Innovation In Digital Financial Services
by Benjamin Ensor

FSTech
Finovate Europe: best of show winners
by Scott Thompson

Hotwire PR blog
Finovate Europe 2012 - the aftermath
by Ben L

I Programmer
Kinect The Ultimate Security Device
by Harry Fairhead

Inside Brunei fm
ETRONIKA Brings online banking to Gesture Control, But Why?
by Roshan Jerad Perera

Mircea Mihaescu Blog
Finovate London-- More Old News?
by Mircea Mihaescu

Money Marketing 
Ian McKenna: The new wave of FS tech
by Ian McKenna

My Bank Tracker
Wave Your Arms in the Air: Etronika's Gesture-Based Banking
by Willy Staley

Nutmeg Blog
Nutmeg wins 'Best of Show' at Finovate Europe
by Aisha, Jono and Nick

Payment Observer 
Trends and Innovation in Finance: FinovateEurope 2012
by Martin Schuppelius

psfk
Kinect-Powered Online Banking Logs You In With Your Face And Voice
by Emma Hutchings

Slash Gear
ETRONIKA produce Kinect-based online banking
by Chris Burns

TechCrunch Europe
Lithuanian company develops Kinect-powered online banking system
by Mike Butcher

Ubergizmo
Kinect based online banking from Etronika a reality now
by Edwin Kee

Visible Banking
Cardlytics: Merchant Coupons within Online Banking [INTERVIEW]
by Christophe Langlois

Currency Fair: the P2P Marketplace to Exchange Currency on your Terms [INTERVIEW]
by Christophe Langlois

VisibleBankingLogo.jpg
Etronika: Kinect Banking at the Branch, Minority Report Style [INTERVIEW]
by Christophe Langlois

etoro: Copy Trading, Gamification and Personal Branding [INTERVIEW]
by Christophe Langlois

Finovate Europe 2012 (Photos, Videos, Crowdsourced Blog Coverage)
by Christophe Langlois 

Holvi: One Stop Shop for Groups - Crowdfunding, Budgeting, Expensing
by Christophe Langlois

iBrokr's StockBattle: the World's First P2P Option Game [INTERVIEW]
by Christophe Langlois 

IND Group: Bringing Gamification into the Online Bank [INTERVIEW]
by Christophe Langlois

Kabbage: for SMEs, More Social Media Engagement = More Cash [INTERVIEW]
by Christophe Langlois

LiqPay's Zip: a Payment Details Shortener 'bit.ly Style' [INTERVIEW]
by Christophe Langlois

Nutmeg: Providing Private Banking Services to the Masses [INTERVIEW]
by Christophe Langlois

Ping Identity: Tapping Social Media to Customize Customer Experience in Banking
by Christophe Langlois

Vision Research Lab
Finovate-- look out for these companies
by Duygu Tavan

Finovate-- Who to look out for
by Duygu Tavan

Finovate: Hot stuff from Finland - meet Holvi
by Duygu Tavan

Zawya
Luup launches Mobile Travel Authorisation & Budget Management Service
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FinovateEurope 2012 Best of Show Winners Named

By Julie Schicktanz on February 9, 2012 3:41 PM

Ixaria CIO Tim Murfet & Marketing Dir Barbara Durand present at FinovateEurope 2012 

imageAt Tuesday's second annual FinovateEurope, 35 companies laid it on the line with in the grueling 7-minute demo format plus a day of networking in the old London fish market on the Thames.

For the first time ever, and much to our astonishment, every demo finished at or under the time limit. Thankfully, we never had to hear the bell signifying that time is up.

At the end of the last demo, eligible audience members (note 1) voted for their 3 favorite demos (note 2). All 35 companies received votes (employees of presenting companies cannot vote), but 4 stood out in the vote tally (alphabetic order):   

  • imageCardlytics (with Aimia) showed its in-statement ad platform and management tools (demo recap)

  • imageDynamics which launched it's "chip and choice" card for
    the chip & pin world (demo recap)

  • imageeToro which launched its crowd-sourced "guru finder"
    to help located traders to follow/copy (demo recap)

  • imageNutmeg launched an investment service focused around the needs
    of the everyday investor (demo recap)


FinovateEurope networking hall was wall-to-wall bankers at mid-dayDynamics and eToro are previous Best of Show winners. You can read our live blog posts on each demo now. And in 2 or 3 weeks we'll have the full demos available at Finovate.com.

Thanks to everyone who attended and presented. We are truly humbled by the support from the European financial community and we are already making plans for the 2013.

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

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.   
2. Attendees were encouraged to note their favorites as the day went on and choose 3 favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day. 
3. The exact written instructions given to attendees: "Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted." 
4. The four companies appearing on the highest percentage of submitted ballots were named Best of Show.

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Categories: Cardlytics, Dynamics, Nutmeg, eToro

FinovateEurope 2012 Live Twitter Transcript

By Julie Schicktanz on February 9, 2012 11:41 AM
FEUBadge.jpgHere's @Finovate's live Twitter stream from FinovateEurope on Tuesday, February 7.

Entries appear in chronological order:

Session 1

  • Here's the first Finovate demo. Nutmeg launching "Investing the way it should be." LinkThumbnail image for Thumbnail image for Thumbnail image for TwitterBird.jpg
  • Nutmeg walking through investment goal setup; red popup tells you if you are drifting away from your goals and what to do about it.
  • Ping Identity launching methods for banks to integrate with social networks.>> huge priority for future. Link
  • Ping Identity demoing Facebook integration in account opening process; has a number of integration ideas in the works with clients.
  • At Finovate, PayPal and la Caixa are launching PayPal account opening in 30 seconds by choosing email address and password. Link
  • Have found that PayPal account opening within la Caixa Bank environment increases account setup success by 2x to 3x. 
  • iBrokr AG, unit of Fidor Bank is launching Stockbattle: Social betting on stock market. Link
  • iBroker demoing 1 euro bet on the stock value of a German company; has Facebook integration to share the bet to find a counter bet.
  • iBroker is easy, transparent, fun and accessible. A wildly innovative service to offer within an online banking or investment account.
  • BCSG is launching CreditHQ represents, a better way for small businesses to handle credit management. Link
  • BCSG's CreditHQ demoing credit management dashboard; has integration with collection agency to help followup with late payments.
  • Backbase launching major new features in Bank 2.0 portal including targeting to customer segments. Link
  • Backbase has cool widgets targeted to segments, showing student page mockup. Working with ABN AMRO, ING, DB, Barclays, and Visa.
  • Fenergo demoing "deal manager," client on-boarding and KYC compliance solution for corp banking/investments. Link
  • Fenergo showing dashboard to build the "credit pack" to pass to underwriting and back office departments; shows work-flow backlogs.
  • Service2Media and Rabobank introduce mobile payments via an existing banking application. Link
  • Service2Media showing cool mobile features: OCR recognition, "drag and drop coins across page; "shake to clear."
  • CurrencyFair launching peer-to-peer foreign exchange transfers with its QuickTrade. Link 
  • CurrencyFair demoing a foreign exchange transaction, in this example a 68 GBP savings on 2000 GBP exchange; great user interface.
  • CurrencyFair has processed 90 million Euros, currently doing 0.5 million per day and growing quickly.
  • Holvi demoing "group account" replaces bank account with smart payment account designed for any group. Link
  • Holvi account assists groups with raising money, distributing cash, processing expense reports and tracking/ categorizing/ sharing it.
  • Holvi can also be used for group to setup online store for donations, t-shirt sales and so on; 58% of consumers involved in groups.

Session 2

  • We are back from break with Etronika showing voice, face and gesture recognition technology. Link
  • Etroinka demoing logging in via voice intro then authenticated with facial recognition; also showing gesture/voice navigation.
  • miiCard demoing new online Identity verification system to ease account opening and ID authentication. Link
  • miiCard demoing how it takes existing banking relationship to validate your identity; done in 5 to 10 minutes; then can share.
  • Mootwin launching one-stop-shop for mobile financial needs; demoing iPad app. Link
  • Mootwin showing streaming video on tablet; can communicate directly with financial adviser within UI; working with Cortal Consors.
  • Actiance showing dashboard for publishing to social media networks. Link
  • Actiance demoing dashboard in Socialite Engage that shows engagement with users; has tools to track overall program across company.
  • Fiserv is showing Mobiliti M-Cash service in use by ANZ; demoing mobile payment to non-ANZ customer. Link
  • Fiserv demoing M-Cash white label mobile payment service; entire process takes about 30 seconds; now showing online m-payment.
  • Aimia & Cardlytics launching transaction-based marketing platform; Aimia is investor in Cardlytics. Link
  • Cardlytics demoing their in-statement-offer UI within a live PNC Bank account; highlighting Burger King 20% cash-back offer.
  • Cardlytics demoing merchant dashboard; real-time results of spend of customers in entire category with offers vs those without.
  • Liqpay, with 1.5 mil customers, launching http://Zip.liqpay.com, payment detail shortener for SMS and email Link
  • Liqpay "payment detail shortner" is similar to bit.ly for URLs; showing how it works at Privatbank; increases accuracy and safety.
  • DCisions launching InvestorBee to take guesswork out of investing with understandable risk vs. return info. Link
  • InvestorBee will make investing benchmarks available free to consumers; believe simple facts will disrupt investing.
  • ValidSoft demoing secure m-banking with out-of-band four-factor authentication and transaction. Link 
  • ValidSoft demoing voice-based authentication to confirm trans; system calls mobile number and customer answers to confirm... nice!
  • Dynamics showing battery-powered card that is "first mobile wallet that works everywhere plastic accepted." Link
  • Dynamics showing how to press a button on card to get a disposable number to use online; or request rewards points be used at POS.
  • Dynamics launching today Chip & Choice for Europe, allows multi-app card to be used with single-app software infrastructure.

Session 3

  • eToro, with 2 million users; launching Guru Finder crowdsourcing to find traders to follow and copy. Link
  • eToro demoing trader profiles and community communications; also launching iPad app.
  • Serverside Group launching a Facebook app for banks to provide tangible value. Link
  • Serverside Group app allows customers to upload images from FB to create their own customized credit/debt card; can increase usage.
  • When finished using Serverside app, users can post their cards in FB update; bank could run design competition to "like" cards.
  • Tradeshift demoing how businesses can manage cash flow; launching "instant payments" options. Link
  • Tradeshift showing dashboard controls; onboard process for suppliers and instant payment process; available to entire supply chain.
  • Finsphere, which recently partnered with Vodafone, uses mobile phone location to assist with authentication. Link
  • Finsphere demoing its "risk score" for each transaction; online banking login process; and consumer Pinpoint service.
  • Launching Handpoint Headstart, mobile Chip & PIN payment solution. Link
  • Handpoint demoing payments on mobile phone, table and mobile POS device; also showing Square-like mobile reader option.
  • Wipro Technologies launching tablet-based customer acquisition system. Link
  • Wipro showing interface that sales adviser would use with prospects to explain products and compare options.
  • Wipro app allows adviser to take a screen cap and email the page to the customer >Very cool way to follow-up on initial discussion.
  • Luup launching travel management system for businesses and governments. Link
  • Luup demoing employee registration; using mobile to create trip itinerary and request approval from manager.
  • Meniga, PFM provider, is launching "Peace of mind banking." Link
  • Meniga UI has forward looking cash position, like Simple's "safe to spend" balance; showing "emergency fund" balance tracking.
  • Meniga working to move PFM from a "tab" to the most used part of online banking.

Session 4

  • Striata is launching eConsent "PUSH email billing" with NO registration process. Link
  • Striata demoing process: 1st email is Yes/NO overlay on shaded-out bill. No username or password; use a secret, for example: mobile number and birthday.
  • Striata showing interactive bill, "mini-website" right in the inbox.
  • Sandstone Technology showing modern-looking user interface on iPhone built on HTML5. Link
  • Sandstone Technology showing on multiple phones; demoing how user can personalize app with own picture; change display views.
  • Kabbage launching ScoreKard today, a quantitative view of health of client's online store. Link
  • Kabbage has now loaned $10 million to small online sellers on eBay and elsewhere; showing integration with Etsy.
  • Kabbage showing "social climbing" system where Kabbage analyzes client's social media activity to help in underwriting.
  • AcceptEmail showing MOBILE electronic bill presentment & payment, its "Short Invoice Service." Link 
  • AcceptEmail allows content of sent email to be changed while in client's inbox, eg. after bill paid, status can be changed.
  • Figlo's widget-based platform helps advisers communicate to clients via Facebook. Link
  • Figlo showing integration of online banking with long-range planning; showing table version.
  • Ixaris launching Opn Cardworks, "card system in a box", allows issuer to fully customize. Link
  • Ixaris can get Visa approval for new card within 6 weeks; demoing Ixaris "app store" for building programs.
  • IND Group launching new gamified banking interface " online banking goes from boring to fun" Link.
  • IND iGroup demoing UI which includes points area, achievements, badges (which unlock more rewards); shows totals over time.
  • That's a wrap folks. 35 Finovate demos and no one went over time limit! What a day, see you in the networking hall.
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eToro Introduces Guru Finder, Launches iPad App

By Julie Schicktanz on February 7, 2012 5:00 AM
Thumbnail image for eToroLogo.jpg

To start the afternoon session, eToro showed us Guru Finder that allows investors to quickly create and implement trading strategies:

"eToro's newest innovation on its social trading platform OpenBook is the Guru Finder, which allows users to create personalized and detailed trading strategies that they can easily implement in minutes. It supports copy trading with a very detailed analysis/filter tool to enable users to create their own customized, people-based portfolio. Investors can filter and dissect the largest trading community by different dimensions such as Activity, Risk, Performance and Instruments traded and pick a personalized trader line-up for their people-based portfolio. The visual implementation resembles e-commerce filtering mechanisms, ensuring seamless and intuitive dissection of large data sets to achieve fast and meaningful results."

Product Launched: February 7, 2012

HQ Location: Limassol, Cyprus
Company Founded: January 2007
Metrics: 190 employees, offices in the U.S., Europe, and Australia, $16.6 million raised, over 1.75 million registered users
Website: etoro.com

Presenting Yoni Assia (CEO) & Alon Levitan (Head of Strategic Marketing)
IMG_1317.JPG
IMG_1322.JPG

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Categories: FinovateEurope 2012, eToro

Finovate Alumni News-- February 1, 2012

By Julie Schicktanz on February 1, 2012 9:00 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPlastyc's UPside Visa named winner in sixth annual Paybefore Awards.
  • TechCrunch reports IBM buys WorkLight for $70 million.
  • StockTwits partners with Q4 Web Systems.
  • Actiance announces Socialite Engage to help advisors strengthen client relationships and drive new business. See its live demo at FinovateEurope next week.
  • Luup wins the Financial-i Leaders in Innovation Award for Most Innovative New Mobile Corporate Banking. See its live demo at FinovateEurope next week.
  • eToro releases Chinese version of OpenBook.
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-- January 27, 2012

By Julie Schicktanz on January 27, 2012 9:12 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHelloWallet receives $12 million in funding.
  • MercuryNews reviews Jemstep's online investment advisor.
  • CBS Money Watch hosts Jeff Mullen, CEO of Dynamics, to discuss the increased security of Card 2.0.
  • Know Your Mobile focuses on eToro's mobile trading app for Android. Come see eToro at FinovateEurope Feb 7.
  • Finextra reports Bank of Georgia implements ProfitStars social media compliance tool.
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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FX Empire Crowns eToro With Best Social Trading Platform Award

By Julie Schicktanz on January 13, 2012 10:44 AM
Thumbnail image for eToroLogo.jpg

eToro announced yesterday that it was selected best social trading platform by FX Empire, a financial information website:

"The committee of FX Empire, comprised of journalists, analysts and traders, decided in favour of eToro's trading platform due to its ability to provide eToro customers with full transparency and control over their investment portfolio."

The startup was chosen out of a large group by brokers who nominated eToro for the award.

To learn more about eToro, watch its FinovateFall 2011 demo.

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Categories: eToro

Finovate Alumni News-- January 13, 2012

By Julie Schicktanz on January 13, 2012 9:16 AM
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg
  • AOL's Daily Finance lists LearnVest and ReadyForZero as resources to take control of your finances.
  • Entrepreneur test drives MyCyberTwin's customer service bot.
  • FiPath unveils its Express Rollover Center.
  • cbanc Network's FI user base grew seven-fold in 2011.
  • FX Empire crowns @eToro with Best Social Trading Platform Award.
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-- January 3, 2012

By Julie Schicktanz on January 3, 2012 9:05 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgRobotDough leaves GoDaddy due to SOPA support conflict.
  • Philly.com describes the Jemstep signup process.
  • Providence Business News reports Andera moves to a new office building.
  • eToro blog launches new column dedicated to analyzing the weekly activity on eToro OpenBook.
  • Forbes looks at Dwolla's payment revolution.
  • Ping Identity announces PingFederate is now available as an Amazon Machine Image on the Amazon Elastic Compute Cloud.
  • Credit Karma launches free credit monitoring service.
  • The Receivables Exchange announces strategic alliance with Insperity Investment.
  • Lending Club removes service fee on large loans.
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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2011 Funding for Finovate Alumni-- Over $423 Million Raised

By Julie Schicktanz on December 22, 2011 2:06 PM
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:

  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:

January -- $40.8 million raised by 3 companies

February -- $10.3+ million raised by 3 companies

March -- $20.4 million raised by 4 companies

June -- $124.4 million raised by 8 companies

July -- $1.1 million raised by 1 company

August -- $103.4 million raised by 8 companies

September -- $33 million raised by 1 company

October-- $22 million raised by 2 companies

November -- $16.3+ million raised by 3 companies

December -- $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
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FinovateEurope 2012 Sneak Peek: Part 2

By Julie Schicktanz on December 19, 2011 6:10 PM
Thumbnail image for FEU2012LogoHigh.jpg
As promised last week, here is our second "sneak peak" into the hot young startups and established leading companies that will demo their latest fintech innovations at the second annual FinovateEurope next February 7th in London.

As we mentioned in the first sneak peak, we asked each handpicked company to "whet your appetite" by providing a short summary in their own words of the innovation that they will be debuting on stage. We've compiled them below.

Don't miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you'll lock in the early-bird price!
_______________________________________________________

BackbaseLogo.jpg
Backbase will be presenting major new features in its Bank 2.0 Portal Manager, focusing on the following key points:

  • Improved editor for page composition on regular browsers and mobile devices
  • Advanced segmentation and targeting for different customer groups
  • Fully integrated forms editor for enrollment and BPM
  • Advanced analytical and performance tools
Innovation type: Marketing, mobile and tablet UI, online UI


CardlyticsLogo.jpg
Aimia's unique advertising platform, powered by Cardlytics, enables banks to deliver rich, relevant rewards to their customers. The platform uses customers' unique purchasing history to deliver rewards that strengthen retention rates, increase card usage and improve customer relationships. The Cardlytics platform does all this without the need for any personally identifiable customer data.   

Critical to the success of the programme is merchant engagement. Aimia and Cardlytics will be demonstrating the portal which is used by merchants to track offers and report on revenue. The suite of merchant management tools allows merchants to deliver targeted strategies that deliver measurable results. 

Innovation type: Cards, marketing, rewards


eToroLogo.jpg
eToro provides you with immediate access to the largest investment network in the world giving you the ability to quickly find and easily build your own people-based portfolio of top performing traders. Automatically copy every trade your personal dream-team makes into your own investment account and start copying the success of the most successful traders. 

eToro reinvents the way people invest their money by propelling them into the fast growing world of social investing. Take advantage of the wisdom of the crowds and make smarter investment decisions with full transparency and control over your invested funds at any given time.

Innovation type: Investing, online UI, PFM


FenergoLogo.jpg
KYC compliance is a hot topic for financial services and Fenergo will introduce its Deal Manager application for client on-boarding, KYC compliance and account opening.

Fenergo will demonstrate how banks and financial institutions can reduce the burden and cost of KYC compliance with its straightforward application which manages all of the complex KYC data gathering and document processes and ensures full compliance with industry regulations. 

The best bit is that its Deal Manager application also supports credit processes and legal document execution, so processing new client applications has never been so straightforward. 

Innovation type: Back office, sales


FigloLogo.jpg
An onboarding tool that increases customer engagement at the same time? Figlo offers you a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible for everyone on any device. 

Curious? Figlo's 7 minute demo will reveal the power of financial insight.

Innovation type: Mobile and tablet UI, sales


HandpointLogo.jpg
Handpoint will be demonstrating the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. The solution supports all card payments; magstripe (MSR), Chip & PIN, Chip & signature and contactless NFC Payments (2012).

With Handpoint's Platform-as-a-Service acquiring, banks and MNOs can offer small/micro merchants card payments, tablets, and smartphones under their own brand name.

Innovation type: Payments, mobile and tablet UI


HolviLogo.jpg
Holvi replaces the plain old bank account with a current account built from the ground up for group activities. It helps customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations and they can do all their banking with Holvi, without needing another bank account. 

Holvi is regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and it has the necessary banking partnerships in place to operate payment accounts for customers on a pan-European basis.

Innovation type: Banking, online UI, payments


PingIdentityLogo.jpg
Facebook logins are crucially important. Online banking logins are severely difficult to remember. Can something be done about this and still meet the highest standards of identity security? 

Ping Identity will show you how to deliver the best login experience to your prospects and customers. Don't turn them away with form filling and repetitive password requirements. Give them access to your financial networks and partners. Build trust and relationships with your customers.

Innovation type: Identity, marketing, security


MenigaLogo.jpg
Meniga is expanding its PFM solution to add a new, highly user-centric layer on top of traditional online/mobile banks. 

The interface de-emphasizes real accounts and actual balances and instead shows "uncommitted balance" and virtual accounts. It also allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account's balance becomes too low to meet commitments and forecasted expenses.

Innovation type: Online UI, Payments, PFM


NutmegLogo.jpg
Investing is scary. I can invest, but I forget to buy or sell or rebalance. My financial advice has been useless. I want to be in control of my finances. I know I should be doing more with my money. 

Nutmeg knows that investing is about more than money. It's a passport to the life you want. That opportunity shouldn't be reserved just for the wealthy, or just for those in-the-know.

Nutmeg asks, what if investing were simple and beautiful? And what if everyone could do it?

Innovation type: Investing, online UI, PFM


SeversideGroupLogo.jpg
Banks around the globe have really struggled to understand how they can leverage the power of Facebook. 

Serverside has developed a new and unique way to leverage Facebook in an exciting and engaging manner that drives real brand value, loyalty and engagement from your customers.

Innovation type: Cards, marketing


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Going paperless saves money and improves customer service. However, most customers are not switching off paper because the registration process is inconvenient, complicated and results in having to remember another username and password and to fetch the document every month.

Striata's eConsent puts you in control of the paperless conversion process. Its clients are exceeding their paperless objectives and achieving a positive ROI in a matter of months.

Innovation type: Back office, communications, marketing


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What would make the biggest impact on the way you manage cash flow and financing? Improved processes? Streamlined operations? Or maybe more flexibility in the way you manage payment terms with suppliers?

Things change. Shift happens. Tradeshift has already transformed invoicing, now its doing the same with supply chain finance. 

Innovation type: Back office, payments, small business
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Finovate Alumni News-- December 5, 2011

By Julie Schicktanz on December 5, 2011 10:33 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from Mint.com.
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma's tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in service.
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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eToro Adds Live Discussion Feed

By Julie Schicktanz on November 30, 2011 4:37 PM
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Investment network eToro announced yesterday that it has added a live discussion feed to provide users a method to communicate outside of each others' profiles:

"OpenBook is enabling traders to follow the general buzz on the network through a live discussion feed that brings all current discussions to the user's attention."

The discussion feed joins general feed, the top 100 feed, and the watch list feed on the OpenBook platform.

To learn more about eToro, watch its FinovateFall 2011 demo.
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Categories: eToro

Finovate Alumni News-- November 29, 2011

By Julie Schicktanz on November 29, 2011 9:46 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgContra Costa Times describes how PayNearMe works for the underbanked.
  • The Motley Fool examines how Dwolla compares to credit card payment options.
  • Banking Technology interviews Jonathan Assia, eToro CEO.
  • Business Weekly reports Voice Commerce plans to expand with more staff and a larger office building.
  • The CBS Early Show recommends using BillShrink to help you calculate how  much RAM, storage, & data you need.
  • Cartera Commerce powers Navy FCU's card-linked offer program.
  • cbanc Network partners with HEIT, a Computer Services company, to survey FI strategies.
  • eToro Partners reaches out for regional partnership applications.
  • My Peer-to-Peer Lending Site's blog profiles LendingKarma.
  • Failsafe Payments adds SafetyPay to CertoConnect.
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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eToro Launches iOS Mobile App for On-The-Go Trading

By Julie Schicktanz on November 8, 2011 2:40 PM
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eToro announced a non-native mobile app to trade currencies, commodities, and indices on their mobile devices: 

"The Mobile Trading application is based on HTML5 that runs the eToro OpenBook™ social trading platform and its award winning CopyTrader™ functionality and supports IOS (iPhone, iPad, iPod) and all Android mobile devices including tablets. eToro also provides a native Mobile Trader application for Android™ which was launched September of last year."

Javier Paz, Senior Analyst at the Aite Group notes that the new app makes it easier for users to check their account performance, search for people to follow, and find a user to copy.

To learn more about eToro's trading platform, watch its FinovateFall 2011 demo.
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Categories: eToro

Finovate Alumni News-- November 8, 2011

By Julie Schicktanz on November 8, 2011 9:57 AM
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker: Credit Karma Launches "Hands Free" Account Aggregation.
  • Kony and CIBC deliver new mobile brokerage application.
  • Backbase & Forrester Research to host free webinar Nov 9: 'Banks Need to Become SUPER.'
  • Everything PR lists BillGuard in the Money category of 2011′s Top 100 Best Startups for PRs.
  • eToro launches mobile HTML 5 App for social trading on the go.
  • SecureKey Technologies Inc. to power the Government of Canada's new online authentication service.
  • Malta Independent Online looks at Wesabe, Geezeo, and Budgettracker as key online money management tools.
  • BankSimple launches to the public, changes its name to Simple.
  • eToro launches iOS mobile app for on-the-go trading.

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 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.
PrivateWebTrafficSeptember2.jpg
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.
PublicWebTrafficSeptember2.jpgSource: 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.
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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. 
August2011PrivateWebTraffic4.jpg
Source: Compete.com retrieved week of October 3, 2011
1) The previous month recorded was July 2011
2) Truaxis was formerly BillShrink
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.
August2011PublicWebTraffic5.jpg
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.
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Finovate Alumni News-- October 17, 2011

By Julie Schicktanz on October 17, 2011 2:27 PM
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGCS Federal Credit Union selects Geezeo to provide PFM service.
  • T8 Webware presents Thinc Iowa Opening Party Oct. 20.
  • Clairmail wins BAI Mobile Pace Setter Award.
  • Silver Tail Systems is selected as a SINET 16 Innovator.
  • CarryQuote wins prestigious 2011 Bully Award.
  • Everything Finance Blog reviews Prosper.com.
  • Bank Innovation reports that Tyfone now allows banks to provide clients with mobile wallet solution.
  • Financial Edge lists the Credit Karma blog as 1 of 6 blogs to help you budget better.
  • T8 Webware signs 14 bank customers to its Grip Platform.
  • Lighter Capital CEO Andy Sack guest-posts about revenue-based financing on AVC blog.
  • Q2ebanking partners with Unwired Nation to expand its mobile banking.

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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eToro Wins 3 World Finance Awards

By Julie Schicktanz on September 30, 2011 11:29 AM
eToroLogo.jpgAt the beginning of this month, eToro won three World Finance Awards:

"(eToro) was selected as the Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider by the World Finance Awards. eToro was selected following an email poll of 40,000 industry decision-makers due to its innovation, originality and quality of product, as well as proof of market development and excellence in client representation."

The goal of the World Finance Awards is to identify organizations that implement best practices in the financial and business world.

To learn more about eToro, watch its FinovateEurope 2011 demo.
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Categories: eToro

Finovate Alumni News-- September 30, 2011

By Julie Schicktanz on September 30, 2011 11:00 AM
  • Thumbnail image for Finovate-F-Logo.jpgReuters advises opening a BankSimple to avoid bank fees.
  • Fox Business News interviews Bill Harris, CEO of Personal Capital, on the startup's services. 
  • Digital Stock Market recommends using Yodlee or Mint to help control your spending.
  • eToro makes its blog available as a WebTrader widget. 
  • SmartMoney discusses Personal Capital's advisor video chat feature.
  • Q2ebanking adds its mobile app to the Android marketplace.
  • Xero wins K2 Quality award for SaaS.
  • SecondMarket puts itself up for sale using its own site, SecondMarket.
  • Wall Street Survivor announces the winners of the August Stock Game Giveaway.
  • Lifehacker advises using BrightScope to analyze your 401(k) during a "financial bootcamp day." 
  • eToro wins 3 World Finance Awards.
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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FinovateFall 2011 Live Twitter Transcript

By Julie Schicktanz on September 28, 2011 8:56 AM
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Here's a transcript from Finovate's live twitter stream during FinovateFall last Tuesday and Wednesday. 
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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!
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eToro Launches Copy.Me Platform That Lets Everyone Market Their Trading Skills

By Julie Schicktanz on September 20, 2011 1:42 PM
eToroLogo.jpg
This afternoon, eToro demonstrated CopyTrader and introduced Copy.Me:

"CopyTrader is a groundbreaking way to trade by automatically copying every trade made by a selected guru trader or by a people-based portfolio of top performing traders directly into the account of the copier. CopyTrader is the enabling feature for every network member to become a guru investor who indirectly executes trades for all investors copying him or her. 

Copy.Me is a one-stop shop for everyone to set up his own retail investment shop and present/market his trading skills to the entire world. Investment gurus are compensated for their ability to attract investors that copy from them."

Product Launched:
  • CopyTrader official launch date: June 27, 2011
  • Copy.Me (beta) launch date: September 20, 2011
HQ Location: Limassol, Cyprus 
Company Founded: January 1, 2007 
Metrics: Today, eToro employs 190 professionals with offices in the United States, Europe, and Australia. To date, eToro has raised $16.6 million and has over 1.75 million registered users.
Website: etoro.com

Presenting Yoni Assia (CEO) & Alon Levitan (Head of Strategic Marketing)

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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. 
JulyWebTrafficPrivate6.jpg
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. 

JulyWebTrafficPublic4.jpg
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.

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eToro's Blog to Syndicate Content from Financial News Site Benzinga.com

By Julie Schicktanz on August 11, 2011 2:45 PM
In order to provide its users with a wide variety of topics and points of view, eToro has formed a
etoro2.jpgsyndication deal with news site Benzinga.

"eToro has employed several Benzinga writers who will create content specifically designed for the eToro user. This content will be posted in addition to the blog's regular daily updates, multilingual daily and weekly technical analysis, and various columns such as Trader's Insight and Social Trading."

eToro is hoping the new addition will provide its readers with relevant content that is easy to understand.

To learn more about eToro, check out its FinovateEurope demo and see its newest fintech development at FinovateFall in New York this September. Get your ticket here.
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Alumni News -- Week of August 1, 2011

By Julie Schicktanz on August 8, 2011 2:09 PM
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Bobber Interactive
Bobber.jpg
Tech Flash interviewed Eric Eastman, Bobber Interactive's CEO, on how the gamification of money management aims to help Generation Y better manage their money. Link 

BrightScope
BrightScope released a report detailing the top 12 small-cap funds in America's 401k plans. This report is part of a series that provides insight into the top funds and managers in the retirement marketplace. Link

ChargeSmart
Discover is offering an instant rebate to customers who pay their utility bills using a Discover Card on ChargeSmart's website. Link

Check Point Software Technologies
  • Check Point enhanced its Software Blade Architecture by releasing R75.20, a comprehensive approach to security that includes a URL filtering Software Blade, SSL inspection, and data loss prevention. Link
  • The Wall Street Journal discussed Check Point's ZoneAlarm SocialGuard that helps parents protect children on Facebook in a non-intrusive manner. Link
Clairmail
Clairmail announced  record growth this quarter, with more than a 60% increase in bookings from last quarter. Link

Clovr Media
Clovr.jpg
  • BostInnovation stated that Clovr Media is changing the way consumers collect loyalty rewards through its Card-Linked Ads that allow consumers to access rewards by clicking on an advertisement. Link
  • Mass High Tech's weekly Startup Watch listed Clovr Media as one of five startups to follow. Link
Credit.com 
EQuicknews listed Credit.com as a free way to check your credit score with no strings attached and highlighed the Credit Report Card feature. Link

doxo 
The Appvita blog profiled doxo, noting insider tips and practical uses, such as comparing bills on a month-to-month basis. Link

Dwolla
Bank Technology News looked at the players in the mobile payments space and listed Dwolla as a formidable competitor. Link

EDO Interactive
edointeractive.jpg
EDO Interactive received $20 million in Series B funding to grow its Prewards platform that enables advertisers to offer digital deals and incentives that consumers redeem by using their existing credit, debit, or prepaid cards. Link

eToro
eToro began a trading contest for users with both demo and live trading accounts. Traders who accumulate the greatest gains will win each round. Link

eWise
eWise added Renasant Bank to its customer base, providing Renasant customers access to Secure Vault Payments, an alternative payment method. Link

Expensify
  • Expensify added a new feature that provides QuickBooks users a way to easily identify billable expenses to add to invoices. Link
  • The Kitsap Peninsula Business Journal listed Expensify as one of ten business apps for empowering your inner geek. Link
Kony Solutions 
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Tower Group, in its Review of North American Consumer Mobile Banking Technology Vendors, ranked Kony Solutions among the top mobile banking technology vendors. Kony excelled in the feature/function and customization categories. Link

Lending Club 
TechCrunch highlighted Lending Club's announcement of $25 million in Series D financing from Union Square Ventures and other existing investors. Link

Lendio
Lendio added Cardinal Bank to its network of lenders providing clients with more options in finding equipment loans, business lines of credit, acquisition financing, commercial real estate, SBA 7(a) and SBA 504 loans. Link

Mitek Systems
Mitek Systems launched  Mobile Imaging Cloud Service that captures, extracts, and routes information contained in documents. The service helps app developers create smartphone and tablet apps that use a camera input function. Link

Monitise 
Monitise Asia Pacific launched its mobile banking, payments, and commerce services in Indonesia and signed a joint venture agreement with PT Astra Graphia Information Technology, an information and communication business. Link

On Deck Capital
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On Deck Capital raised $19 million of its own in a Series C round of funding. Link

RobotDough 
RobotDough founder, Wilton Risenhoover, revealed why he started RobotDough and how it works. Link

SafetyPay
SafetyPay received a Payment Services Directive License to provide cross-border payments throughout Europe strengthening its position in that market. Link

SecondMarket 
BostInnovation used SecondMarket's alternative investments platform to discover top Boston companies. Link

Striata
striata.jpg
Baton Rouge Water Company selected Striata, along with payment services company Western Union, to provide email billing with integrated electronic payment service. Link

The Receivables Exchange 
Treasury & Risk profiled The Receivables Exchange, describing the process companies use to sell their receivables on the online platform. Link

TradeKing
TradeKing launched a $100 bonus for new customers who open an account by August 31, 2011. Link

Wonga 
Smarta interviewed Wonga director, John Moorwood, about Wonga's growth over the past 12 months. Wonga is now issuing over 1.5 million short-term loans. Link

Xero
Xero released Xero Touch, its new accounting app for the iPad, iPhone, and iPod Touch. Link

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Alumni News -- Week of July 25, 2011

By Julie Schicktanz on August 1, 2011 2:58 PM
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Clairmail
Clairmail chose Jigsaw's Data Cloud to help its mobile banking client improve marketing and receive more leads. During vendor trials it saw an increase in productivity, response rates, sales, and marketing effectiveness. Link

Clovr Media 
Boston Business Journal reported that Clovr Media is preparing for the launch of its credit 
Clovr.jpg
card-linked offers at the end of the fourth quarter by hiring 12 new staff members. Link

Confident Technologies
Confident Technologies released a two-factor mobile phone authentication platform that requires the user to memorize images. Because this second factor security is not stored on the user's device, it mitigates the opportunity for Zeus-in-the-middle attacks. Link

Currensee
The Forbes blog looks at Currensee for social foreign exchange investing, paying special attention to its rapid growth rate. Link

doxo 
The Entrepreneur blog compared doxo's document storage and online payment system to PayPal, citing that the cost to collect payment is less than half of a typical PayPal transaction. Link

Dynamics
The Pittsburgh Business Times interviewed Jeff Mullen, CEO of Dynamics, Inc on the naming of the company. Link

eToro 
  • The Forbes blog looked at eToro for social foreign exchange investing, paying special attention to its rapid growth rate. Linketoro.jpg
  • The World Finance Awards selected eToro as Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider. Link
Geezeo
Geezeo was selected by The Coca-Cola Family Credit Union to provide a PFM solution and integrated marketing platform. Link

Ideon Financial Solutions
Ideon Financial Solutions was granted a patent for its Choice Savings technology, a system that allows financial institutions to provide their clients with a variety of customizable savings products. Link

Identity Theft 911
Identity Theft 911 partnered with Arabella Protection Insurance Company to offer commercial data breach services like preparedness and response. Link

Intuit 
TechCrunch reported that Intuit launched a QuickBooks mobile app for the Android that 
intuit.jpg
allows small businesses to access their data from QuickBooks Pro, Online, and Premier. Link

Lending Club 
  • American Consumer News provided a comparison guide for borrowers and lenders to Prosper's and Lending Club's services. The benefits included high rates of return and flexibility. Link
  • Brian Wong's Database blog looked at what its like to invest in Lending Club. He presented his opinion on the usability of the service. Link
Metavante 
EverBank, a $7 billion Internet bank, announced that it is seeking to be an early adopter of Metavante's customer information management product, a product that was built from the Temenos Core Banking Platform, a result of the partnership formed in 2007. Link

mFoundry 
NEFCU added a mobile app for the Android, using mFoundry's technology to offer account balances, check history, transfers, and bill pay. This is in addition to its existing apps for Blackberry and the iPhone. Link

Micronotes 
1st Advantage Federal Credit Union, a major Virginia credit union, announced that it will use
micronotes.jpg
 Micronotes' cross-sell engine, KulaX, to improve lead generation. Link

Prosper 
American Consumer News provided a comparison guide for borrowers and lenders to Prosper's and Lending Club's services. The benefits included high rates of return and flexibility. Link

Syphr 
Syphr was among 6 out of 90 fintech companies selected by the Fintech Innovation Lab who will present their innovations to Wall Street venture capitalists. Link

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Alumni News -- Week of July 18, 2011

By Julie Schicktanz on July 25, 2011 12:06 PM
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ChargeSmart 
AOL's Daily Finance highlighted Chargesmart's secondary gift card market that allows 
ChargeSmart.jpg
consumers to pay for bills in exchange for gift cards. Link

CheckFree 
Family Wealth Report stated that CheckFree is leading the way in UMA processing. Link

Credit Karma 
  • CBS Money Watch discussed Credit Karma's data on America's debt. Link
  • Fox Business News listed Credit Karma's credit score simulator tool as a 15-minute fix for your credit score. Link
doxo 
Practical Ecommerce listed doxo as one of 17 apps for productivity. Link

Dwolla  
  • Dwolla hit $1 million in payments per day and Ben Milne, CEO, shared a sneak peak of future plans. Link
  • Ace Community Credit Union provided customers with access to Dwolla through its site.
  • Dwolla CEO Ben Milne explained why starting a business in Iowa isn't hard. Link
  • Dwolla introduced a new Autoload feature. Link
  • Dwolla was listed on The Next Web as one of eight awesome ways to pay with your phone. Link
eToro 
eToro Partners began testing a new foreign exchange affiliate tool called Custom Links. Link

Expensify 
  • The Info.rmatics blog testified to Expensify's ease of use. Link
  • ipCommerce showcased Expensify's innovation. Link
GoalMine 
GoalMine.jpg
Mango Money added GoalMine to its list of services. Link

HelpMyCash 
HelpMyCash revamped its website to be more consumer-friendly. Link

IDTheft 911
Barnstable County Mutual Insurance Company selected Identity Theft 911 for its LifeStages service. Link

iPay Technologies 
TechCrunch reported that Bill Ready, former President of iPay Technologies, joined Accel Partners as an Executive in Residence. Link

Lending Club 
  • ATM Options discussed seven good reasons to invest through Lending Club. Link
  • Netbanker discussed Lending Club's record high growth. Link
Lendio 
  • Lendio added TAB Bank to its network of lenders. Link
  • Reuters reported that Swift Capital and Lendio partnered to help small businesses. Link
mFoundry 
mfoundry.jpg
  • American Banker considered Bank of America's recent investment in mFoundry. Link
  • Credit Union Journal discussed Colombia Credit Union's adoption of mFoundry's mobile banking. Link
Mint.com
  • Mint.com introduced a manual transactions feature for its iPhone app. Link
  • TechCrunch reported Mint.com's debut of a new feature that tracks bills and sends reminders. Link
Monitise 
  • Monitise signed over 6,000 users in Nigeria to a mobile payments trial. Link
  • TechMarketView discussed Monitise's financial success. Link
peerTransfer 
Yahoo! Finance reported peerTransfer's growth in international student payment processing. Link

Prosper 
  • Netbanker discussed Prosper's record high growth. Link
  • Prosper raised its interest rates by 2.5 percent. Link
SmartyPig 
SmartyPig introduced its back-to-school cash giveaway contest. Link

ThreatMetrix 
ThreatMetrix announced its upcoming user conference October 9th through 10th. Link

TradeKing 
TradeKing launched a new video series to help consumers understand options trading. Link

Tyfone 
tyfone.jpg
Oregonlive.com described Tyfone as a major player in mobile payments. Link

Wikinvest 
Forex Promos shared an interview with Mike Sha, Wikinvest CEO. Link

Xero 
Reuters reported that Xero agreed to acquire Paycycle, a payroll company. Link

Zecco 
Wealth Building Tips and Strategies blog shared Zecco's options trading video series. Link

ZimpleMoney 
ZimpleMoney adjusted its services in response to the Dodd-Frank reform. Link

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Alumni News -- Week of July 4, 2011

By Julie Schicktanz on July 11, 2011 10:21 AM
AlumNewsIMG.jpg
Boku
Boku.jpg
CNNMoney examined Zong's competition with Boku. Link

BrightScope
  • The Forbes blog recommended BrightScope as a tool to check your financial advisor's history. Link
  • The Washington Examiner discussed how BrightScope helps consumers make informed decisions about their 401(k) plan. Link

Clairmail
Clairmail increased its security by using authentication from the RSA Secured Partner Program. Link

Credit Karma
The Forbes blog recommended Credit Karma as a tool to track and monitor your credit score. Link

Credit Sesame
Credit Sesame.jpg
The Forbes blog recommended Credit Sesame as a tool to track and monitor your credit score. Link

Dwolla
Dwolla updated its iPhone app to allow customers to send money via email. Link

Dynamics
American Banker discussed Dynamics' adaptability to the mobile payment world. Link

Enloop
Small Biz Technology outlined three of Enloop's features. Link

eToro
AlphaTrade Finance discussed eToro's CopyTrader network. Link

Expensify
Expensify's app was listed as Gearburn's App of the Week. Link

Finsphere
finsphere.jpg
GeekWire reviewed Finsphere's new round of $1.75 million funding. Link

Geezeo
American Banker reported that Geezeo's partnership with Sharetec Systems will help Geezeo reach more credit unions. Link

Guardian Analytics
The Street reported that Guardian Analytics' Anomaly Detection & Fraud Monitoring will help financial institutions meet updated FFIEC guidelines. Link

Kony Solutions
Kony Solutions announced a partnership with Donriver for the delivery of multi-channel mobile apps. Link

Mint.com
The Quickbooks blog examined Mint.com's PFM tool. Link

Monitise Americas
monitise.jpg
Monitise developed two banking apps designed for the iPad for NatWest and RBS. Link

PayNearMe
The Paypers interviewed Avangate and PayNearMe regarding their partnership and various future endeavors. Link

PayPal
TechCrunch speculated that eBay's acquisition of Zong  will advance PayPal's mobile payments. Link

ProfitStars
Credit Union Times discussed ProfitStars' partnership with Corporate One Credit Union. Link

Prosper
The Social Lending Network reviewed Prosper's new Quick Invest feature. Link

Q2ebanking
q2ebanking.jpg
Q2ebanking commented on the security implications of the new FFIEC guidelines. Link

RobotDough
The Motley Fool highlighted RobotDough as a powerful new tool for individual investors. Link

SilverTail Systems
  • Credit Union Times reported that SilverTail Systems' capabilities enable financial institutions to comply with FFIEC guidelines. Link
  • Homeland Security Television profiled SilverTail Systems. Link

ThreatMetrix
ThreatMetrix enhanced its security in anticipation of FFIEC guidelines. Link

TradeKing
Stockbrokers4u.com analyzed TradeKing's services. Link

Xero
Xero hired a CFO onto to its team. Link
yodlee.jpg

Yodlee
  • Yodlee released its new MoneyCenter app. Link
  • Quickbooks' blog examined Yodlee's PFM tool. Link
  • TechCrunch reported that Yodlee reached 30M users. Link

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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

Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for May2011PrivateWebTraffic.jpg






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 

May2011PublicWebTraffic.jpg

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.

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Alumni News -- Week of June 27, 2011

By Julie Schicktanz on July 6, 2011 8:51 AM
AlumNewsIMG.jpg
ActivePath
A top Brazilian card issuer implemented an ActivePath solution. Link

AlphaClone
AlphaClone incorporated new sentiment scores into its stock view pages. Link

Bills.com
Bills.com released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link
BlazeMobile.jpg

Blaze Mobile
Blaze Mobile was awarded a patent for NFC on stickers. Link

BOKU
BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link

Braintree
Braintree received $34M in Series A funding from Accel. Link

Currensee
Currensee.jpg
Reuters outlined the benefits of Currensee. Link

Credit Karma
Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link

doxo 
doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link

Dwolla
Dwolla said its Grid payment network is more secure than Visa and MasterCard's card networks. Link

Dynamics
Dynamics raised $35M for computerized smartcards and payment systems. Link

eToro
etoro.jpg
Reuters outlined the benefits of eToro. Link

eWise
gotoBilling, Inc. added eWise's Secure Vault Payments as another payment platform. Link

Expensify
The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link

Fiserv
Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link

Guardian Analytics
GuardianAnalytics.jpg
Yahoo! Finance reported that Guardian Analytics' FraudMAP is helping financial institutions meet FFIEC guidelines. Link

HelloWallet
HelloWallet was added to Mercer's Outsourcing business benefits administration. Link

Intuit
Intuit purchased Mobile Money Ventures' web banking technology to augment its mobile banking capabilities. Link

Kony Solutions
KonySolutions.jpg
The American Business Awards selected Kony Solutions as the Most Innovative Company of the Year. Link

Lendio
The Launch blog highlighted Lendio. Link

Outright
Outright rolled out a new report function allowing clients to view sales by state. Link

PayPal
PayPal reached 100 million active users. Link

Profit Stars
Profit Stars introduced its new Remote Deposit Anywhere solution. Link

Prosper
  • Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link
  • The San Francisco Times reported on Prosper's growth. Link

Q2ebanking
q2ebanking.jpg
Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link

SimpleTuition
SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link

SmartyPig
SmartyPig was recommended by Mint.com as a way to save for impulse purchases. Link

TradeKing
TradeKing implemented SunGard's MarketMap to deliver market data to its active trading platform. Link

UBank
Mashable highlighted UBank's feedback forum. Link

Voice Commerce
Voice Commerce launched a payment solution for the iPhone. Link

Wikinvest
wikinvest.jpg
PC mag reviewed Wikinvest's mobile app. Link

Xero
Tech Day assessed Xero's Debtor Daddy service. Link

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Alumni News: Week of May 2 and May 9

By Julie Schicktanz on May 16, 2011 11:38 AM

Finovate_Alumni_news.jpg

Backbase

backbase.jpg

Backbase will provide TCS Bank in Russia with a website integration solution through Bank 2.0 Portal. Link


Bill.com

Bill.com rolled out Sage Peachtree Sync, software for controlling bill payment and management. Link


BrightScope

BrightScope released its second annual list of the Atlanta-based companies with the best 401k plans. Link


CashEdge

CashEdge expanded Popmoney service by adding Popmoney for Prepaid. It also announced a partnership with TxVia. Link 

CashEdge.jpg


Check Point Software Technologies

Check Point was listed on Acadian Asset Management's Top 15 Buys list.  Link


Cortera

Cortera announced a new version of its PULSE app, a customer monitoring service. The new version will add Growth Clues alert.  Link


DebtGoal

DebtGoal.jpg

DebtGoal hired Igor Vaks, former Experian CIO, as new COO. Link


eToro

eToro emerged as the preferred platform for building forex wealth through web trading.  Link


Expensify

Expensify advertised on giant billboard in the Bay Area. Link


Fiserv

fiserv.jpg

Fiserv announced improvements to its Relationship Rewards. Link


ID Analytics

CoreLogic partnered with ID Analytics to integrate ID Network with LoanSafe Fraud Manager. Link


ID Analytics will host Advance 2011, its 9th Consumer Risk Management Conference, this September.  Link


IP Commerce

IP Commerce recently raised another round of funding. Link

Lending Club

Lending Club issued a record high of $17.5M loans in April. It is the 4th record month in the past 5. Link


Lending Club won Webby Award for the Banking/ Bill Paying category. Link


Mint 

Mint won Webby Awards for the Financial Services category. Link


MoneyAisle

MoneyAisle launched live auctions for unsecured personal loans to help consumers across a wide range of credit scores. Link


PayNearMe

paynearme.jpg

PayNearMe raised $16M in funding from new and current investors. Link




Plastyc

Plastyc won a patent for improved online payment methods. Link

Prosper

Prosper increased loan volume by more than 50% compared to 3 months ago, issuing over $5M in new loans in April. Link


Yodlee

Yodlee is looking into developing mobile apps with new "FinApp Store" strategy. Link

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Alumni Updates -- Week of April 18, 2011

By Jessica Ward on April 25, 2011 4:07 PM
To follow updates from Finovate alumni companies in real time, be sure to follow us on Twitter.
 
Backbase extends content services offerings. Backbase CMS is available as an add-on module. http://bit.ly/finovate420112

BancVue launched "Money Island," an educational game for children to be offered by banks and financial institutions. https://demo.moneyisland.com/

BillFloat partners with Online Resources to offer small-dollar loans to biller clients. Online Resources will now offer BillFloat as a payment option. http://bit.ly/finovate418112

Doxo signs Oregon Federal Employees Credit Union (OFECU). Members will be able to receive statements and banking documents via the service. http://bit.ly/finovate421111

Dwolla will provide an online payments option at Tikly, an online ticketing startup  expected to launch within the next thirty days. http://bit.ly/finovate418113

eToro surpasses 1.5 million users. The company cites the growth of thousands of members joining per day since the launch of eToro's social platform, OpenBook. http://prn.to/finovate421113

PayPal and Discover partner on person-to-person payments. Rollout begins this week for Discover's person-to-person payments system. http://bit.ly/finovate42112

Several Finovate Alumni firms have been nominated for Webby awards. Good luck to Lending Club, Mint, Billeo and Kashoo. http://bit.ly/finovate420116

SmartyPig eliminates redemption fees. Transferring SmartyPig savings account funds to a retailer gift card is now free. http://bit.ly/finovate418111

Yodlee partners with Boursorama to provide Money Center service. Boursorama customers will receive the Money Center PFM service free of charge. http://bit.ly/finovate420115

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Alumni News -- Weeks of March 7, 13 and 21, 2011

By Jessica Ward on March 29, 2011 11:52 AM
To view our alumni news updates in real time, follow us on Twitter. 

Andera adds its 500th customer. http://bit.ly/finovate322116

Bill Harris and Mark Goines join the Pageonce Advisory Board. Harris was formerly CEO of Intuit and of PayPal, and Goines was formerly a senior executive at Intuit and Charles Schwab. http://prn.to/finovate322111

Bill.com named to the JMP Securities "Hot 100." The list includes the 100 best privately held software companies for 2011 according to the investment bank. http://bit.ly/finovate38113

BillShrink adds Anil Arora, Yodlee president and CEO, to its board of directors. The announcement comes just after the launch of "Statement Rewards" from BillShrink. http://bit.ly/finovate322112

Boku moves from virtual-goods billing to real-goods billing in Germany. Now real goods can be added to wireless bills thanks to Boku's technology. http://bit.ly/finovate324112

Cardlytics wins Judge's Choice Award in the 2011 Paybefore Awards. The Paybefore  awards are hosted annually by Prepaid Media. http://bit.ly/finovate38111

CashEdge signs Huntington for P2P PopMoney. http://bit.ly/finovate322117

Check out the Filene webinar with Thwakk on how to leverage financial education to increase youth membership. http://bit.ly/finovate322113

Columbus Water Works customers can now pay their utility bill via eWise's secure payment platform. http://yhoo.it/finovate37113

Cedit Sesame closes on $6.15 million Series B funding round led by Melo Ventures. http://bit.ly/finovate322118

eToro launches "Trade Story." This social platform helps traders learn the strategies behind other users' trades. http://bit.ly/hQNDGc

Expensify is featured in Money magazine. http://bit.ly/finovate322114

Guardian Analytics raises $11 million. This is Guardian's fourth round of funding, this time led by Split Rock Partners. http://bit.ly/finovate323113

H&R Block and Yodlee partner to make it easier to file taxes. http://yhoo.it/finovate3236

ICICI and Intuit partner on a Mint-like platform for India. http://bit.ly/finovate324113
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Alumni News, Weeks of February 21st and February 28th, 2011

By Jessica Ward on March 8, 2011 9:51 AM
To see our alumni news feed in real time, visit us on Twitter. 

Bank of Internet will use Intuit's FinanceWorks. http://mwne.ws/finovate2241

Betterment reduces fees on retirement accounts. http://bit.ly/finovate224114

Service enhancements at Bill.com. Clone invoices ease automated payments. http://bit.ly/finovate224112

eToro completes $8.3 million funding round led by Spark Capital. eToro has 1.5 million users in 130 countries worldwide. http://bit.ly/f1G99d

eToro launches new user tools, and deposit bonuses. New eToro users can get a bonus of up to $500 to try Forex trading. http://bit.ly/finovate34112

eWise is moving to Denver. The company processes electronic payments and is moving to attract employees. http://bit.ly/finovate22311

Fiserv acquires M-Com to enhance mobile banking and payments capabilities. http://bit.ly/finovate34117

Kiboo got a makeover. The new interface focuses on usability and design. http://bit.ly/finovate34111

Lending Club exceeds $200 million in cumulative peer-to-peer  loans. The combined Lending Club and Prosper volume is now approaching the half-billion dollar mark. http://bit.ly/finovate34118

Lodo Software signs thirty more banks for its OurCashFlow PFM platform. http://bit.ly/finovate34113

MiiCard featured as Microsoft's Startup of the Day. http://bit.ly/finovate224113


Striata adds Iconix Truemark sender recognition technology to electronic communications. The system adds branded visual identity to help identify genuine emails from financial institutions. http://bit.ly/finovate34116

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