Finovate: Mitek Archives

Mitek Systems Partners with Progressive Insurance

By Julie Schicktanz on February 2, 2012 8:52 AM

Today, Mitek Systems announced a partnership with Progressive Insurance, who will use Mitek's Mobile Photo Quoting technology to automate insurance purchases:

"Using the Progressive mobile application... the consumer simply enters their zip code and takes a picture of their driver's license, Vehicle Identification Number or existing insurance ID card. Mitek's patented mobile imaging technology automatically extracts relevant information from the documents and auto-populates the fields in Progressive's mobile quoting app... Moments later, they receive an auto insurance quote with the option to buy."

Mitek also has Photo Payment, Photo Claims, and Document Capture and Send technology included in its insurance solutions suite.

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

E*Trade To Use Mitek's Remote Check Deposit Technology

By Julie Schicktanz on November 30, 2011 10:33 AM

Mobile imaging company Mitek announced Monday that E*Trade will join Charles Schwab in providing remote check deposit technology to brokerage customers. It will be available on the iPhone next month and on the Android in early 2012.

Mitek notes the benefit for E*Trade clients:

"The move by E*Trade, a New York-based online brokerage, is especially notable because customers currently have to mail a check or use direct deposit or transfer or wire money from an alternative account."

E*Trade is hoping the added convenience will keep clients more engaged with its trading platform.

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

Finovate Alumni News-- November 30, 2011

By Julie Schicktanz on November 30, 2011 10:01 AM

Fox Business News interviews SmartCredit.com's John Ulzheimer.

TechCrunch reports PayPal's cyber Monday mobile payment volume is up over 500% from last year.

PayPal now integrated into Red Laser App.

Bank Technology News profiles ActivePath.

Samurai from FeeFighters is now incorporated into Shopify in beta.

eRollover.com changes its name to FIPath.com.

Discover placed on 2011 InformationWeek 500 list that honors America's most innovative users of business technology.

Bank Technology News profiles Cardlytics.

E*Trade to use Mitek's remote check deposit technology.

Silicon India Startup lists SimpliFI as a tech tool to track investments.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- November 23, 2011

By Julie Schicktanz on November 23, 2011 9:04 AM

Mitek updates its Remote Deposit Capture product to improve UX and performance.

CNBC reports CashStar fuels eCommerce this season with personalized eGift cards.

StockTwits adds real time streams to The Street's ticker pages.

Prosper launches '$5,000 Shop on Us' sweepstakes.

QVC selects CashStar to power its new eGift Card program.

The Next Web refers to HelloWallet as a "brilliant" personal finance tool.

MyCyberTwin wins 2011 New South Wales Australian Technology Showcase Rising Star Award.

LearnVest updates My Money Center.

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.

Mitek Doubles Clients, Plans to Enter Insurance Vertical

By Julie Schicktanz on November 18, 2011 12:30 PM

Mitek Systems, whose fiscal year ends in September, recently released its year-end earnings and client numbers, along with a hint towards a strategy move.

Janney Capital's report details the highlights:

Earned $10.3 million in revenue in the 2011 fiscal year. This is double its $5.1 million 2010 revenue.
Increased revenue by $1.4 million from Q4 2010 ($1.6 million) to Q4 2011 ($3.0 million)
Reported that the number of signed financial institutions sprang from 80 to 161 in the final quarter of 2011. This doubles its customer base, which includes 7 of the top 10 U.S. Banks.
Acted on its plan to enter the insurance vertical market by signing Progressive as a customer.
Announced that an unnamed, tier 1 bank will introduce Mitek's Photo Bill Pay product to its customers in the near future

Mitek's customer base includes:

Charles Schwab
- Experienced 40% mobile deposit adoption in 6 months

Progressive
- This is Mitek's first step into the insurance vertical world

Intuit
- Launched Mitek's Mobile Deposit in September 2011

Wells Fargo
- Available only to commercial customers

JPMorgan Chase
- Available to both private and commercial customers.

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

Finovate Alumni News-- November 18, 2011

By Julie Schicktanz on November 18, 2011 9:51 AM

FiPath (formerly eRollover) launches FiPath for Advisors, online marketing solution for advisor leads.

Reuters discusses the benefits of BillGuard.

TSYS signs largest private bank in Azerbaijan.

MShift to power AmeriCU's mobile banking platform.

StockTwits & Gnip partner to cater to traders.

StockTwits goes International with its real-time financial platform.

Mitek doubles clients, plans to enter insurance vertical.

PayPal relaunches Facebook app for friend-to-friend payments.

Expensify launches lite iPhone app for mileage support.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni at BAI Retail Delivery Conference

By Julie Schicktanz on October 10, 2011 10:52 AM

The BAI Retail Delivery conference begins tomorrow with 29 Finovate alumni participating in sessions and/or exhibiting on the trade show floor.

Session Speakers

Tuesday, Global Game-Changer Session
Speaker: Jim Taschetta from FreeMonee

Wednesday, Technology for Business Summit
Speaker: Mitch Jacobs from On Deck Capital

Wednesday, Technology for Business Summit Session
Speaker: David Eads from Kony Solutions

Thursday, Technology for Business Summit Session
Speaker: Eric Connors from Yodlee

Thursday, Marketing & Product Management Summit Session
Speaker: Rod Witmond from Cardlytics

Exhibitors

BAI Mobile Link

David Youker from Sybase 365
Carl Tsukahara from Clairmail
Drew Hyatt from Mitek Systems

Mobile Link Panel Discussions

Jeff Mullen from Dynamics
Dan Schatt from PayPal
Drew Sievers from mFoundry

Solutions Theatre

Jeff Mullen from Dynamics
Matthew Lifshotz & Inigo San Martin from Ideon Financial Solutions

Jim Bruene and I (julie@netbanker.com) will be in attendance and will update the blog and Twitter with new developments throughout the event.

FinovateFall 2011 Live Twitter Transcript

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

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

The entries appear in chronological order:

Day 1, Session 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Day 1, Session 2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Day 1, Session 3

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

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

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

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

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

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

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

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

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

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

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

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

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

Day 1, Session 4

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

So glad that modoPAYMENTS the helmet cam demo worked!

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

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

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

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

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

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

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

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

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

Experian myID can be white-labeled for financial institutions.

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

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

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

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

Day 2, Session 1

FinovateFall 2011 day 2 starts off with T8 Webware.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Day 2, Session 2

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

Cartera Commerce is demoing its merchant self-service interface.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Day 2, Session 3

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

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

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

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

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

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

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

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

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

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

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

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

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

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

DoughMain is looking to offer versions for banks.

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

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

Day 2, Session 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bobber Interactive is launching its GoalCard app on Facebook. Link

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

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

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

Mitek's Mobile Balance Transfer Helps Banks Acquire Credit Card Customers

By Julie Schicktanz on September 21, 2011 9:58 AM

Next up this morning, Mitek Systems showed off its Balance Transfer mechanism that allows banks to interact with customers in real time:

"Mobile Balance Transfer is new, easy, attractive and cost-effective way for a bank to acquire new credit card customers. The mobile application enables a bank's customer to use a smartphone camera to take a picture of a competitor's credit card payment coupon. The customer transmits the information to the bank, which then can offer the customer a better interest rate to incent the customer to open a new credit card account and transfer an existing balance.

For banks, Mobile Balance Transfer broadens the reach of traditional balance-transfer-marketing programs, enabling the bank to interact with the customer in real time. By accepting the bank's offer, the consumer simply transfers his or her outstanding credit card balance to a new credit card account offering a more attractive rate. Consumers gain reduced costs on their credit card accounts and the banks offering Mobile Balance Transfer gain new credit card customers more cost-effectively than previous balance-transfer methods. Mobile Balance Transfer is the latest in a rapidly growing family of mobile-banking applications for banks, credit unions, brokerages and payment-management providers that are all rooted in Mitek's patented mobile image-capture and data-extraction capabilities."

HQ Location: San Diego, CA

Company Founded: 1986

Website: miteksystems.com

Presenting Drew Hyatt (SVP Business Dev. & Sales, Mitek Systems) & Diane Morgan (Director, Mobile Photo Bill Pay, Mitek Systems)

Alumni News -- Week of August 1, 2011

By Julie Schicktanz on August 8, 2011 2:09 PM

Bobber Interactive

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

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

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

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

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

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

Alumni News -- Week of July 11, 2011

By Julie Schicktanz on July 18, 2011 11:38 AM

Last week, AlwaysOn released its 2011 AlwaysOn Global 250 Top Private Companies List that represents the top emerging companies Worldwide. Twelve Finovate Alumni were selected:

BillFloat
Bling Nation
Boku
Cardlytics
ClairMail
Expensify
IDAnalytics
Lending Club
SecondMarket
Wikinvest
Wonga
Yodlee

_________________________________________________________________________

In other Alumni News:

Aptys Solutions

Aptys Solutions announced that the ACH functionality in its PayLogics payment platform provides same-day settlement. Link

Balance Financial

Balance Financial launched Balance Certified Pro, a new software that is geared toward professionals. Link
Balance Financial released an iPhone App. Link

BillGuard

TechCrunch reported that BillGuard's "Anti-virus for Bills" is now completely free for users. Link

BrightScope

CNNMoney's article, Simplify Your Retirement Savings, pointed to BrightScope to provide a clear understanding of retirement savings. Link

ChargeSmart

ChargeSmart announced that its Bill Payments customers can now pay many of their utility bills with an American Express card. Link

Continuity Control

Continuity Control raised $1.1 million in financing from convertible promissory notes and warrants. Link

Cortera

The Miami Herald reported that Cortera's Risk Data and Reporting is now an SAP-endorsed business solution. Link

Cortal Consors

Institutional Investor ranked Oliver Le Grand, CEO of Cortal Consors, number 13 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link

Credit Karma

Credit Karma's new feature, Credit Alerts is available for free to the first 200 people to click the link. Link

Credit Sesame

The Hands On Home Buyer blog recommended Credit Sesame for its interactive property taxes tool. Link

Currensee

The Business Insider reported that Currensee plans to launch its Trade Leaders program in China. Link

Dwolla

The E-News publication, Business Record, commented on Dwolla's positive impact on Iowa's startup culture. Link
Financial Plus Credit Union adopted Dwolla's FiSync integration. Link

Dynamics

Dynamics revealed its angel investors in Series A and Series B funding rounds. Link

Guardian Analytics

American Banker reported that Guardian Analytics is planning to launch an outsourced fraud prevention service that will help financial institutions meet new FFIEC guidelines. Link
Guardian Analytics introduced its FraudDESK service to provide fraud analytics support to financial institutions. Link
Guardian Analytics is hosting a free webinar on Tuesday that will explore FFIEC guidance. Link

iPay Technologies

iPay Technologies helped Generations Community Federal Credit Union increase bill pay adoption and its number of transactions. Link

Lending Club

San Francisco ABC News Channel 7 explained the benefits of P2P loans from Lending Club. Link
Finextra news blog discussed Lending Club's success. Link
American Banker reported that, in June, Lending Club saw an increase of 7% in loans originated that totaled a record $20 million. Link

Lodo Software

The Silicon Prairie News reported that Lodo Software is seeking to raise $5 million in a round of Series D funding. Link

mFoundry

Columbia Credit Union announced that it deployed mFoundry's mBanking, a mobile banking platform. Link

Mitek

MSN Money reported that Mitek Systems began a NASDAQ market listing on July 14th, and is trading under the symbol MITK. Link

Monitise

CNBC reported that Monitise's ReliaCard will be offered to U.S. Bank's Visa cardholders in some states. Link
Monitise, US Bank, and FIS announced that they are planning to offer a mobile app for Visa's ReliaCard users. Link

Prosper

San Francisco's ABC News Channel 7 explained the benefits of P2P loans from Prosper. Link
Finextra news blog discussed Prosper's success with its P2P lending service. Link

Q2ebanking

Q2ebanking's director of security solutions, Ward Howell, published an article detailing a Credit Union's perspective of the FFIEC guidelines in The Credit Union Times. Link

Receivables Exchange

Institutional Investor ranked Justin Brownhill and Nicolas Perkin, Co-Founders of The Receivables Exchange, as number 42 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link

Standard Chartered

Institutional Investor ranked Jan Verplancke, CIO of Standard Chartered, as number 37 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link

TILE Financial

Daily Finance interviewed Amy Butte, CEO of TILE Financial. Link

TradeKing

TradeKing announced the public availability of its API. Link

Tyfone

CoVantage Credit Union chose to implement Tyfone's mobile wallet solution. Link

Zopa

Zopa founder Giles Andrews was interviewed on BBC's The Bottom Line. Link
Finextra news blog discussed Zopa's success as a P2P lending service. Link

Alumni News -- Week of June 13, 2011

By Julie Schicktanz on June 20, 2011 11:09 AM

AcceptEmail

AcceptEmail partnered with WorldPay to launch an e-billing and online payment service. Link

Balance

GeekWire interviewed Balance Financial CEO, Devin Miller. Link

BancVue

BancVue executives won Ernst & Young Entrepreneur of the Year. Link

BankOns

Examiner.com referred to BankOns as the new GroupOn. Link

BillShrink

BillShrink was featured in The New York Times. Link

BrightScope

Forbes reported on BrightScope's list of exchange-traded funds held in America's 401k plans. Link

CheckFree

CheckFree expanded its functionality to support account-to-account and peer-to-peer transfers. Link

Clairmail

Clairmail joined the RSA Secured Partner Program to provide secure access to mobile banking. Link

doxo

doxo CEO explained paperless billing in a video interview, highlighting the mobile app. Link
doxo was featured on the Top Productivity Apps website. Link
Northwest Innovation reviewed doxo's mobile app. Link

Dwolla

TechCrunch reported that Dwolla hit a milestone of $1M in transactions per week. Link

Enloop

Business News Daily interviewed Enloop CEO, Cynthia McCahon, about creating a "living business plan". Link
Huffington Post spotlighted Enloop. Link

eRollover

eRollover launched an online solution for financial advisors to grow practices. Link

eWise

eWise announced its partnership with Affirmative Technologies to speed the adoption of alternative payment methods. Link

Kiboo

Kiboo launched a public site called "Know Your Money". Link

Lending Club

Lending Club posted a video of their five-word acceptance speech at the Webby Awards. Link
The Wall Street Journal noted Lending Club as leading the way in P2P lending. Link

mFoundry

mFoundry helped Starbucks build an app for Android. Link
mFoundry passed the 400 customer milestone. Link

Mitek

Mitek's mobile check deposit was cited as the number one feature that would cause you to switch banks. Link

Monitise

ComputerWeekly discussed the survey Monitise conducted on mobile banking. Link
Forbes discussed Monitises' deal with Visa. Link

peerTransfer

peerTransfer is hosting a free webinar on international student payment processing this Wednesday, June 22. Link
peerTransfer won the Innovation Award from Massachusetts Innovation & Technology Exchange. Link

Prosper

Prosper announced that it is giving away an iPad2 to new investors. Link
The Wall Street Journal noted Prosper as leading the way in P2P lending. Link

SafetyPay

SafetyPay was selected by BorderJump as its preferred payment solution for cross border transactions. Link

SmartyPig

Fox Business News suggested using SmartyPig.com as a tool to help "pump up" savings. Link

Tagit

Tagit helped Commonwealth Bank launch its first mobile app. Link

ThreatMetrix

ThreatMetrix announced its cloud-based fraud prevention platform. Link
ThreatMetrix launched "ThreatMetrix Fraud Facts," a free downloadable report. Link

Tyfone

Tyfone was awarded an NFC over-the-air and over-the-wire seminal patent. Link
American Banker reviewed Tyfone's mobile payment patent. Link
NFC Rumors looked at how Tyfone uses SD cards to enable NFC transactions. Link

Alumni News -- Week of June 6, 2011

By Julie Schicktanz on June 13, 2011 7:33 AM

Andera

Andera launched FortiFI, a new fraud prevention system. Link
Andera CEO Charlie Kroll discussed the release of FortiFI. Link

ChargeSmart

ChargeSmart launched ChargeSmart Direct to provide customers with additional access to support staff. Link
Fox Business News highlighted ChargeSmart and PlasticJungle's gift card trading service as a way to make savings fun. Link

Check Point Software Technologies

Check Point announced the 2012 version of ZoneAlarm. Link

Currensee

Forex Crunch outlined the benefits of Currensee, describing its profitability as "significantly high". Link
The Street highlighted Curensee as a startup that "rocks" the financial house. Link

doxo

Chicago Tribune discussed doxo's step toward a paperless society. Link
TechCrunch & VentureBeat featured the launch of doxo's mobile app, a mobile digital filing cabinet. Link and Link
Macworld took a closer look at doxo's new app. Link

Dwolla

Dwolla released Grid, a feature that protects personal user information. Link
The Street highlighted Dwolla as a startup that "rocks" the financial house. Link
The Next Web interviewed Dwolla about its API. Link

Enloop

StartUp Beat profiled Enloop. Link

eWise

eWise raised $14 million in funding. Link

Expensify

CNNMoney named Expensify as one of five best apps for businesses. Link

FreeMonee

CardTrak.com examined FreeMonee's gift network. Link

Ftrans

Ftrans raised $650,000 in equity financing. Link

GoalMine

GoalMine won The Core Underbanked Innovators Challenge at the 6th Annual Underbanked Financial Services Forum hosted by Core Innovation Capital. Link

Jemstep

Jemstep launched a new version of its service that features many improvements. Link

mFoundry

The Washington Post reported that mFoundry's mobile deposit service is its most requested feature. Link

Mitek

Mitek Systems was granted 4 more patents for its mobile deposit feature. Link
Bank Technology News discussed Mitek's new patents. Link

Monitise

Monitise launched its services in India. Link
The Wall Street Journal covered Monitise's 5-year agreement with Visa. Link
TechCrunch examined Monitise's recent deal with Visa. Link

Prosper

Prosper raised $17.5 million in funding from investors. Link

RobotDough

The Street highlighted RobotDough as a startup that "rocks" the financial house. Link

SecondMarket

CNBC interviewed Barry Silbert, CEO of SecondMarket, regarding its role in IPOs. Link

Silver Tail Systems

Silver Tail Systems raised $20M in a Series B funding round. Link

Striata

Striata partnered with POCiT to enable bill payments. Link

Sybase

Sybase was named the most successful database software vendor in China. Link

ThreatMetrix

ThreatMetrix collaborated with USA ePay to provide fraud prevention to online retailers. Link

TradeKing

TradeKing partnered with CoolTrade for automatic stock trades. Link

UBank

UBank voiced that it will change the banking industry by using the web and mobile technology. Link

Zopa

BBC's Radio 2 interviewed Zopa CEO Giles Andrews about P2P lending. Link

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