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Alumni News -- Week of August 30, 2010

Here are the news updates for the week of August 30, 2010. To view in real-time, follow us here.

BancVue is acquiring a large credit card portfolio from the FDIC. http://bit.ly/finovate933

BancVue was #117 on the Inc. Magazine list of 500 fastest-growing private companies. See the report here: http://bit.ly/finovate8312

Betterment speeds deposit and withdrawal times. Transfers between Betterment and bank accounts are now accomplished within the standard ACH window (2-3 days). http://bit.ly/finovate923  

Bank of the West Selects ClairMail as mobile banking partner. Bank of the West has assets of $61 million and is the California-based subsidiary of BNP Paribas.  http://bit.ly/finovate8301

Former SEC commissioner Roel Campos joins Gratio Capital as an advisor. Gratio Capital launched its service GoalMine service at FinovateSpring 2010. http://bit.ly/finovate921

Kasasa joins with celebrities such as Zach Efron and Dakota Fanning for "Stand Up To Cancer." Watch for the TV ads and telethon featuring Kasasa Giving. http://bit.ly/finovate8315

Kashoo is hiring! See tips on how to get hired and what to expect (including work from home flexibility) here: http://bit.ly/finovate924

SafetyPay releases white paper entitled "Banking on Online Banking." The report highlights the importance of monetizing online banking. http://bit.ly/finovate8314

SapientNitro and Geezeo argue the merits of "engagement banking" in a unique interactive report authored by Bank2.0 author Brett King. http://bit.ly/finovate932

SecondMarket honored as a "technology pioneer" by the World Economic Forum. http://bit.ly/finovate922

SecondMarket was #270 on Inc. Magazine's list of 500 fastest-growing private companies. http://bit.ly/finovate8313 

WorkLight announces support for Blackberry. Version 3.3.1 is available as a free download from the WorkLight developer zone. http://bit.ly/finovate08311

ZimpleMoney releases white paper "Lending With A Purpose." http://bit.ly/finovate931

Alumni News – Week of March 15

BancVue announces results for Kasasa - Since its launch in May 2009, Kasasa has produced 71% lift in new account acquisition at its member banks and credit unions, says parent company BancVue. Of these new accounts, 53% represented new customers to the financial institutions. http://bit.ly/9zbvae

CashEdge cuts fraud by $140 Million - CashEdge announced that it has prevented an estimated $140 million in client fraud losses in 2009 through its risk-management services. The dollar amount is derived from the total value of potentially fraudulent transactions detected and prevented by CashEdge's risk-monitoring services. http://bit.ly/aoyaaZ

ClairMail announces new Mobile Connectivity Architecture platform - ClairMail's new platform for financial institutions will allow institutions to offer mobile banking services including real-time transactions and account management. http://bit.ly/9SjpK7

Digital Insight changes name - Digital Insight has rebranded as Intuit Financial Services. The company was acquired by Intuit in 2007. http://bit.ly/9jM4QB

Expensify celebrates first anniversary - During Expensify's first year, it raised $1 million, came out of beta, launched in the Google Apps Marketplace, and integrated with Outright.com, Salesforce, and Intuit. http://bit.ly/asZr1z

Kapitall demos at Apple Store - Kapitall will preview the beta version of its online investing platform on March 24, in the San Francisco Apple Store. CEO Gaspard de Dreuzy will present the product. http://bit.ly/a4i4Oh

Kasasa adds SMW Federal Credit Union - SMW Federal Credit Union is the first financial institution in Minnesota to offer Kasasa brand checking accounts. SMWFCU offers three of Kasasa's four products - Kasasa Cash, Kasasa Tunes, and Kasasa Giving. http://bit.ly/bKvXFC

Lending Club reaches milestones - Lending Club issued its 10,000th loan, surpassing $95 million in loans issued. The company also exceeded $1 billion in loan applications. http://bit.ly/dmC9VK

Mint.com wins Web award at SXSW Conference 2010 - Mint won the "Classic" category at the SXSW Conference Web Awards. While the SXSW awards generally note the best new Internet destinations, the Classic Award honors sites that have been in operation for more than a year. http://bit.ly/dDyP5t

ThreatMetrix launches Fraud Network - ThreatMetrix launched Fraud Network, a suite of tools for e-commerce, financial services, and information-technology companies. Fraud Network provides tools for verifying new accounts, authorizing payments and transactions, and authorizing user logins. http://bit.ly/b26pLo

ThreatMetrix partners with Verifi - ThreatMetrix is partnering with Verifi to deliver its fraud detection and risk-assessment tools to merchants through Verifi's payment risk-management system. Verifi provides global electronic payment solutions for card-not-present retailers. http://bit.ly/bGcqW3

TradeKing earns 4-star rating from Barron's - Online broker TradeKing was awarded a four-star rating in Barron's 15th annual Best Online Brokers survey. TradeKing ranked sixth overall out of 22 firms evaluated. This is the fourth consecutive year that TradeKing has received four stars (out of a possible five) from the survey. http://bit.ly/9Zz1cF

TradeKing launches trading-info site - TradeKing launched OptionsPlaybook.com, a free online resource for beginning and advanced options traders. The site includes jargon definitions, a brief history of the options market, and more than 40 options strategies. http://bit.ly/9Gxda7

Tyfone partners with First Data - Tyfone is partnering with First Data to provide SideTap micro secure digital (MicroSD) memory cards. The cards can contain financial information and secure identification from multiple sources such as retailers and financial institutions, creating a virtual wallet. http://bit.ly/byoHJH

Yodlee to host webinar - Yodlee is hosting a free webinar on conversion strategies for bill payment systems on March 23. The webinar will focus on changing bill payment systems without disrupting users. http://bit.ly/aslHQG

ZimpleMoney offers Starbucks card - ZimpleMoney sent a promotional message to its members, offering a $25 Starbucks card if a loan is initiated. The loan must be accepted by March 31 to qualify. www.zimplemoney.com

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