Finovate: Personal Capital Archives

Finovate Alumni News-- February 13, 2012

By Julie Schicktanz on February 13, 2012 11:15 AM

Personal Capital launches "Savings Concierge" service for high rates & strong safety.

ProfitStars introduces eCommercial Security Awareness Training.

Nutmeg shares its Finovate experience.

Xero wins 2012 Top New Accounting Product from Accounting Today.

Fox Business News highlights Capital Access Network, Kabbage, and On Deck Capital as non-bank loan resources.

Kapitall Generation enables next-day funds transfer.

Wall Street Journal blog reports TrustedID buys reputation manager, Reppler.

Capital Access Network brings in $30 million from Accel Partners.

Rebirth Financial featured in Forbes.

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-- February 2, 2012

By Julie Schicktanz on February 2, 2012 8:38 AM

Silicon Prairie News reports Dwolla rolls out Instant feature.

After raising $15 million, Xero acquires Max Solutions for almost $5 million.

Mint.com releases app for Android tablets.

Personal Capital named to Online Banking Report Hall of Fame, for personalized asset management service.

Credit Sesame launches credit card marketplace.

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-- January 26, 2012

By Julie Schicktanz on January 26, 2012 10:27 AM

Business Insider examines Personal Capital's consumer-focused approach to wealth management.

Prairie Cast hosts Jordan Lampe from Dwolla and discusses the rumors about funding.

Kasasa changes the face of local banking in Alabama.

Geezeo signs more credit unions.

BillFloat adds Florida electric provider to list of billers.

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-- December 6, 2011

By Julie Schicktanz on December 6, 2011 10:53 AM

P2P Lending News reports Prosper & Lending Club issued $37.4 mil in loans in November.

Trade Streaming interviews Rob Foregger, co-founder of Personal Capital, on the future of online investing.

mFoundry receives $18 mil in growth capital from MasterCard, Intel, FIS, and Motorola Mobility.

Bank Systems & Technology looks at how USAA uses Yodlee to aggregate accounts and power its PFM.

SavvyMoney (Formerly DebtGoal) launches new site, adds Jean Chatzky to team.

Steve Shivers, doxo CEO, speaks up about the potential cuts to the US Postal Service.

Credit Unions see positive results from Mortgagebot PowerSite technology.

Q2ebanking ranks on The Austin American-Statesman's List of Top Workplaces.

Zecco unveils its new Trading 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.

Finovate Alumni News-- December 5, 2011

By Julie Schicktanz on December 5, 2011 10:33 AM

Fox 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.

eToro soft launches MT4.

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.

Personal Capital Launches Daily News Service

By Julie Schicktanz on November 11, 2011 12:11 PM

Wealth management startup, Personal Capital, launched a financial news and advice site called Daily Capital:

"By combining human editorial judgment with Semantic Web curation, Daily Capital captures the long tail of high-quality financial and investing content and brings you the relevant few, all in one destination. The site also offers original insights and advice from Personal Capital advisors and other expert contributors, including former CBS MoneyWatch writers Carla Fried and Allan Roth."

The new site is powered by Eqentia and includes over 18,000 articles, videos, and other pieces of content.

To learn more about how Personal Capital and other "bank-less" companies are influencing the industry, check out this month's Online Banking Report.

To see Personal Capital's wealth management platform in action, watch its FinovateFall 2011 demo.

Finovate Alumni News-- November 4, 2011

By Julie Schicktanz on November 4, 2011 10:28 AM

Plastyc launches UPside Visa Savings Purse.

Diversinet receives U.S. Patent for securely storing information on a mobile device.

American Banker reports Ohio Valley CU is working with Truaxis to offer discounts.

Lifehacker highlights Personal Capital.

Xero calls on UK Gov to deliver better reporting, not simpler reporting for micro businesses.

Lendio adds 40 Banks, offers local business loans to 70% of the U.S.

Lending Club reaches $400 million in loan originations.

Huntington Bank works with Kony to create an iPad app.

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

Finovate Alumni News-- November 1, 2011

By Julie Schicktanz on November 1, 2011 10:32 AM

Kashoo's small business iPad accounting app hits 5,000 downloads on iTunes.

CarryQuote named аѕ a winner οf the European Bully Awards.

Investment News examines how Personal Capital plays into the online-advice space.

The Washington Post surveys HelloWallet's business model.

RobotDough.com announces its student financial writing competition.

Silicon Angle compares the 3 iPad apps launched last week: Wikinvest, Pageonce, & Mint.

Q2ebanking discusses mobile-banking security in Credit Union Times.

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-- September 30, 2011

By Julie Schicktanz on September 30, 2011 11:00 AM

Reuters 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.

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!

Personal Capital Introduces Customized Investment Services

By Julie Schicktanz on September 20, 2011 11:43 AM

Next up, Personal Capital unveiled its suite of investment services that aims to help consumers better manage their money:

"Today's traditional financial advisory system is broken. Brokerage firms operate under a "one size fits all" approach that marginalizes investment returns and diminishes the client's visibility and control. Personal Capital addresses the need for a holistic, convenient, affordable and highly customized investment service for today's investor. At Finovate, the company will demonstrate the full suite of services that will enable investors to view their complete financial picture and work with a financial advisor to create personalized investment solutions."

Product Launched: September 20, 2011

HQ Location: Redwood City, CA

Company Founded: July 2009

Metrics: Money raised to date: $10 million, Series A (Institutional Venture Partners), $15 million Series B (Venrock and Institutional Venture Partners)

Website: personalcapital.com

Presenting Bill Harris (Chairman & CEO) & Jim Del Favero (VP of Software Products)

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