Category Archives: AlphaClone

Finovate Alumni News– April 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Paypers reports Geezeo inks contract with Loc FCU.
  • ProfitStars introduces RemitCentral for centralized payment processing. See ProfitStars at FinovateSpring.
  • Business Insider looks at why PayPal continues to be relevant to small businesses.
  • GeekWire reports how VC investments in Finsphere brought VC cash to Seattle.
  • Yodlee partners with Central 1 to power PFM for Canadian financial institutions.
  • AlphaClone now displays stock prices on Sentiment Charts.
  • Forex News Now reviews Currensee.
  • Ping Identity named 1 of Denver Post’s 2012 top workplaces.
  • FirstData to use MoneyDesktop’s PFM in online banking solution.
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 22, 2012

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  • Expensify now enables centrally managed company mileage rates.
  • ProfitStars refreshes brand image to make info more accessible for financial institutions.
  • AlphaClone to offer Alternative Alpha ETF from U.S. Bancorp.
  • Entrepreneur points to ModoPayments as a tech innovation shaping user experience.
  • AirStrip Technologies selects Diversinet’s MobiSecure SDKs for Government healthcare applications.
  • Finextra reports Geezeo signs Alabama Telco CU.
  • FINalternatives interviews Currensee CEO Dave Lemont.
  • Three Finovate alumni named Lead411’s Hottest San Francisco Companies.
  • miiCard asks FinovateEurope 2012 attendees about this year’s fintech trends.
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– October 14, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlphaClone launches “Alternative Alpha” index.
  • Forbes discusses Cardlytics and Offermatic’s approach & how they rival GroupOn.
  • Smart Money Mag details how FeeFighters can help cut costs in small businesses.
  • Jack Henry ProfitStars announces availability of the Gladiator NetTeller Enterprise Security Monitoring solution.
  • MyCyberTwin launches DIY Intelligent Virtual Agents.
  • Tyfone Introduces iCashe Mobile Wallet That Combines Mobile Banking With Digital Commerce.
  • UseMyServices partners with SafetyPay for mutual network expansion.
  • NYConvergence reports BankSimple prepares for its New York debut.
  • Business Insider recommends using BillGuard and Mint.com.
  • 24/7 Wall St looks at the P2P opportunity that Prosper brings.
  • McGuireWoods consulting is lobbying to Congress for the use of Dynamics smart cards.
  • Business Insider mentions Xero as a “great Web-based accounting 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.

AlphaClone’s Sentiment Scores: More Than a Feeling

Last week, AlphaClone introduced a new feature called sentiment scores which tracks changes in aggregate holdings of individual stocks within mutual fund portfolios * 

Logo.jpg

Sentiment Scores are listed on users’ Current Clone Portfolio (see image below) and Stock View Pages. Note how the numbers are color-coordinated with sentiment:
    • Green when bullish 
    • Red when bearish 
    • Black when there is no change
AlphaCloneIMG1.jpgThe Scores can also be viewed in a bar graph that displays quarterly sentiment scores over time (see screenshot below). Data can be retrieved as far back as 2000. 
AlphaClone IMG2.jpg
For more information, check out their blog posts here and here and their Finovate Startup09 demo.
———————————————————————————
*The sentiment score is derived from taking the total market value in a stock and dividing it by the sum of the market values of all holdings. As an example, AlphaClone provides the following: 
“…if 30 out of 300 funds own AAPL with a combined total market value in AAPL of $15 billion and the total market values for all holdings across all 300 funds is $2 trillion, AAPL’s Sentiment score would be ($15/$2000) x 1000 or 7.50.”

Alumni News — Week of June 27, 2011

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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
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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

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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

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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

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The American Business Awards selected Kony Solutions as the Most Innovative Company of the YearLink
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

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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

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PC mag reviewed Wikinvest’s mobile app. Link
Xero
Tech Day assessed Xero’s Debtor Daddy service. Link

Alumni News– Week of June 20, 2011

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AlphaClone
AlphaClone launched a new feature that measures sentiment. Link
BillFLO
Taulia acquired BillFLO. Link
Bills.com

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Bills.com shared money-saving strategies for recent college graduates. Link
BrightScope
BrightScope was highlighted on the Tuscon NBC news channel series, “4 Your Money.” Link
CashEdge
Ally Bank began offering CashEdge’s Popmoney service. Link
Continuity Control

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LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions, began offering Continuity Control’s CreditUnion Assistant program. Link
CreditKarma
Credit Karma introduced its Approval Odds service to help avoid being declined for a card. Link
Currensee
Currensee reached $6 billion in trading volume and $12 million under management. Link
doxo
The MakeUseOf blog reviewed doxo’s online filing cabinet. Link
Dwolla
  • Dwolla CEO commented on the Bitcoin virtual currency debate, exchange, and hysteria.  Link
  • Dwolla’s fees were compared to PayPal’s. Link
  • Silicon Prairie News discussed Dwolla CEO’s comments on Bitcoin. Link
eWise
eWise Payo’s smartphone app won the Editor’s Award for Consumer Focus at the 2011 Cards International Awards. Link
Expensify

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  • The Dallas News highlighted Expensify. Link
  • Expensify was listed as one of 25 tools to help you manage spending by cmvlive.com Link
HelloWallet
HelloWallet posted a short video series explaining its wealth-tracking service. Link
Jwaala

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KEMBA Financial Credit Union implemented Jwaala’s platform. Link
Lending Club
  • Lending Club is approaching its financial breakeven point. Link
  • Reuters commented on Lending Club’s P2P marketplace. Link
Lendio
Lendio helped banks increase business loans by finding qualified borrowers. Link
Mortgagebot

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Mortgagebot and Business Solutions extended their Tech Alliance to provide mortgage application solutions at preferred terms. Link
PayNearMe
PayNearMe facilitated 7-Eleven’s partnership with Greyhound for cash transactions. Link
Prosper
Reuters commented on Prosper’s P2P marketplace. Link
Receivables Exchange

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The Receivables Exchange won 2011 “Management Team of the Year” at the Stevie Awards. Link
Strands
Strands Personal Finance landed in the 2011 Red Herring Top 100 North America list. Link
TradeKing
TradeKing announced its free webinar series on trading advice beginning July 12th. Link
Voice Commerce

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Voice Commerce launched its CashFlows app. Link
Xero
Getapp.com reviewed Xero’s cloud-based software. Link

Alumni News — Week of January 17, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Acculynk brings PaySecure PIN security to mobile devices. – The mobile PIN payment system should be available to consumers in first quarter 2011. http://bit.ly/finovate119113
AlphaClone is mentioned on Wall Street Journal front page article, “Pack Mentality Grips Hedge Funds.” – The story ran Jan 15, 2011 and details the similar strategies in hedge fund management. http://bit.ly/finovate118113
Backbase opens a New York City office to house field operations staff and help to serve East Coast financial institutions. http://bit.ly/finovate117112
Bill.com partners with Track1099 for easy, paperless IRS-1099 filing. – Users can report independent contractor payments in two easy steps direct from their bill.com page. http://bit.ly/finovate118112
iPay Technologies launches Biz 2.0 Crossover to help small businesses convert to business online bill payment. – The system identifies businesses using consumer online bill pay and targest them for upgrade to the business version. http://bit.ly/finovate119111
Kasasa adds Neighborhood Credit Union to the fold. – NCU is the largest credit union in the Dallas-Ft. Worth area. http://bit.ly/finovate117114
Kony solutions raises $19.1 million for mobile application platform. – Kony creates mobile applications for numerous industries including banking and investments. http://tcrn.ch/finovate119115
Frost and Sullivan names mFoundry “Entrepreneurial Company of the Year” in the mobile banking category. http://bit.ly/finovate121114
Mint and TurboTax team up to make taxes easier. – Mint allows for tagging of deductible transactions and free e-filing via Turbo Tax. http://bit.ly/finovate121111
SilverTail Systems is hosting a Webinar on Jan 27 covering the differences between ecommerce and online financial Fraud. — http://bit.ly/finovate117111
SmartyPig’s cash rewards card wins Paybefore award twice. – Congratulations to Smartypig for winning in two categories, “best general purpose reloadable program” and “best consumer value in prepaid.” http://bit.ly/finovate12112
Joseph Leone, former vice chairman and CFO of CIT Group, joins the board of advisors at The Receivables Exchange. – Leone is a nationally recognized expert in commercial lending.  http://bit.ly/finovate118111

Alumni News — Week of June 1, 2010

Here are the news headlines we posted this week on Twitter (follow our feed here).

ThreatMetrix partners with Offerpal Media to stop fraud — The ThreatMetrix data will give Offerpal additional abilities to identify potentially fraudulent user transactions. http://bit.ly/cerWUY

Peter Pham to leave BillShrink — Schwark Satyavolu will re-assume the CEO Position. Pham will be leaving BillShrink to join Trinity Ventures as an Entrepreneur in Residence. http://bit.ly/FINOVATE611

iBearSoft releases a video demo of the iBearMoney for iPad — Money for iPad is a top-selling app in the paid personal finance category in the American iTunes app store. http://bit.ly/FINOVATE613

Lending Club hits $10 mil in monthly originations for first time — Congratulations to Lending Club on their continued growth! http://bit.ly/Finovate621

mFoundry featured in NY Times — (6/1/10 p.B1) Article on card-based loyalty programs moving to mobile. http://nyti.ms/cardloyalty

Zecco’s CEO Michael Raneri has been named a winner of IDG’s 2010 InfoWorld CTO 25 Award — Zecco is an online brokerage which offers free stock trades and low-cost options trades. http://bit.ly/FINOVATE621

Alpha Clone investment account service has launched — A clone is a portfolio of stocks based on the stock idea of one or more fund managers. http://bit.ly/aQcBgu

Bling Nation, mobile payments provider, hires Shan Mehta to lead strategic alliances — Mehta will also be responsible for maintaining and expanding exiting relationships with service partners. http://bit.ly/Finovate631

MoneyStrands adds cash tracking to application — Cash tracking is now available for MoneyStrands via Web and mobile app. http://bit.ly/finovate641

Alumni News — Week of May 23, 2010

Here
are the news headlines we posted this week on Twitter (follow our feed 
here).

Expensify releases version 2.0 of
iPhone app for expense reports –
The new Expensify app now allows users to add
cash expenses and scan receipt images to work off

line. Users can now create an entire
expense report from their mobile device. http://bit.ly/b1CAc0

AlphaClone adds new search, percent
of portfolio –
 The AlphaClone percent of portfolio option allows viewers to look at a
single stock and see which funds have the greatest exposure within a
portfolio. http://bit.ly/dojmhz

Lee Barba and Bruce Shelly join the
Kapitall team –
 Barba joins the Kapitall Board of Directors with experience in acquisitions.
He was CEO of Investools. Shelly joins the team as Advisor to Kapitall with experience from the
video gaming business. http://bit.ly/a4Augw

Amazon Payments Implements Yodlee
Instant Account Verification 
 Amazon Payments now uses Yodlee’s technology to verify user accounts
to create faster, safer P2P transactions according to Yodlee. http://bit.ly/9UThEa

Intuit has selected Expensify as a
promotion partner for expense

reporting –The Intuit Workplace App Center with Expensify, MyFax, and OfficeDrop. http://bit.ly/dwQiry 

iBearMoney launches the Money 4.1
App –
iBear Money’s Money 4.1 works on Windows mobile phones, iPhone, iPod Touch and
now iPad and allows users to synchronize data between multiple devices. http://bit.ly/atbUPw


BillShrink.com launched a new search
for TV, cable, satellite services to search for the best value – Billshrink’s
 new
search allows users to compare television service pricing based on
their preferred channels or programs and available service based on
the user’s address. http://tcrn.ch/cujEE8


Fiserv, Inc.
study shows that 80% of internet-capable households use online
banking while only 40% use online billpay – 
The Fiserv, Inc. study also shows that women now make up the majority of online
bill pay users, a reversal from the 2002 study. http://bit.ly/dtVOFM

Fiserv, Inc.
partners with Phone Factor, Inc. to provide phone-based user
authentication –
The Fiserv, Inc. partnership will allow financial institutions using the Fiserv
systems to provide passive or active user authentication via
customers’ mobile phones. http://bit.ly/bz1tvo

Visa, Inc. and
Monitise PLC announced a joint venture to provide mobile payment
technology in India
 – India is the world’s second-largest mobile market with nearly 600
mobile-subscriptions. The technology from Monitise will allow for bill-payment,
transit ticketing and other services via mobile phone. http://bit.ly/bLFgmI

Alumni News – Week of March 29

Here are the news headlines we posted this week on Twitter (follow it here).

Acculynk Provides Debit Service to Sun Country AirlinesSun Country Airlines has partnered with Acculynk to provide its customers PIN debit service. Acculynk’s service allows users to make online purchases using their current debit card and PIN numbers without requiring any additional enrollment with the merchant. http://bit.ly/97u9EE

AlphaClone Adds Funds, History-Viewing Features, and AlertsAlphaClone, which develops investment portfolios by duplicating the patterns of successful investors, has added 18 new funds to its investment options. The company also added a feature that allows members to view a manager’s holdings back to 1999. Finally, AlphaClone is now providing email alerts when fund managers file a Form 13G or 13D with the SEC, indicating that the manager has purchased more than 5% of a public company. http://bit.ly/aKCsIE; http://bit.ly/9Pj1As; http://bit.ly/9q9QB2

DebtGoal Gains Board Member and New COO – Ed Ojdana, the founder of FreeCreditReport.com, has joined DebtGoal’s board of directors. Igor Vaks, former CIO of Experian Consumer Direct, has joined as the company’s chief operating officer. http://bit.ly/93UWux

Fiserv Launches Bill Payment WidgetFiserv launched a new bill payment widget that enables consumers to pay bills from within their online banking homepage. The widget is available to financial institutions using Fiserv’s online banking solutions. http://bit.ly/aYNFb2

mFoundry Provides Platform to Nassau Educators Federal Credit UnionNassau Educators Federal Credit Union will offer its 140,000 members mobile banking services supported by mFoundry’s mobile platform. Services will include bill payments, fund transfers, and balance checking. http://bit.ly/9k4Q9N

moneyStrands Celebrates First Anniversary of PFM launchmoneyStrands is celebrating the first anniversary of launching its PFM. Highlights of the year include acquiring Expensr and partnering with Savings.com and SouthPointe Digital Technologies. The company also passed 100,000 users in its first seven months. http://bit.ly/aVDXCp

Outright.com Opens Blog for Developers – Online bookkeeping service Outright.com has added a new blog for developers. Outright already hosts a support blog for its users. http://community.outright.com/

Prosper Raising Fourth Round of Funding Prosper is finalizing its fourth round of funding, seeking to raise $13.3 million to $15.8 million. The company signed a letter of intent with new and existing investors to raise the round, which is expected to close by April 15. http://bit.ly/cqiRr6

ThreatMetrix Provides Fraud Protection to iReel.comThreatMetrix is providing fraud detection and prevention services to online movie rental company iReel.com. iReel offers digital movies through an automated process. ThreatMetrix adds a layer of credit card authentication to the system. http://bit.ly/9uFTDI

TradeKing Deploys Recognia’s Strategy Builder – TradeKing is making Recognia’s Strategy Builder stock-research tools available free to its clients. Strategy Builder allows users to compare the performance of various investment strategies. http://bit.ly/bVzF1z