Finovate Alumni News– April 3, 2013

• Tech Dirt looks at Narrative Science’s role in algorithmically-generated journalism. Come See Narrative Science at FinovateSpring.

• Bdaily talks with Monitise EVP, Lisa Stanton, about mobile banking.

• Numerica Credit Union adopts BBC Easy’s C&I Lending program.

• CU Times reports Fiserv’s Spot Pay offers CUs a co-branded mobile payment platform and dongle.

• Forbes looks at the growth of edo, Cardlytics, and Cartera Commerce and how card-linked offers are better than daily deals.

• TechCruch reports OpenCoin has acquired SimpleHoney. See OpenCoin demo at FinovateSpring in May.

• ProfitStars launches BillSimple from iPaySolutions.

• TSYS to present at annual card forum and expo in April.

• IntelliResponse adds 155th customer, the company’s first credit union.

• Convenience Store Decisions notes the growing role of mobile payment options such as PayPal and Flint Mobile.

• FIS, Open Solutions veteran Gary Daniel to join Allied Payment Network. Join them in San Francisco for FinovateSpring.

• Banking Technology looks at eWise, Pageonce, Mint.com, Kiboo, Holvi, & Moven as PFM resurgence examples.

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– March 12, 2013

• Capital Access Network has provided SMBs access to more than $3 billion in working capital and facilitated 100k transactions since its inception.

• Online CV certification service Veritas Vitae enlists miiCard to help eliminate CV fraud.

• Forbes highlights BillGuard as 1 of 7 Tel Aviv-based startups.

• Finextra reports Yorkshire Building Society taps eWise for PFM service.

• Affinity Solutions to discuss brand loyalty, transaction-enabled marketing at Loyalty Expo 2013.

• ACI Worldwide assures that it will maintain roadmaps, commitments to ORCC customers in wake of acquisition.

• AdvisorOne takes a look at Jemstep Portfolio Manager.

• Bazaarvoice chooses Cohn & Wolfe as agency of record for North America.

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.

eWise’s MyFin Mobile Banking Solution Combines PFM, Account Aggregation, and eAuthentication into a Single Solution

This post is a part of our live coverage of FinovateEurope 2013.

Next, eWise brought its MyFin mobile banking solution to the stage:

“The eWise MyFin mobile banking application combines the most powerful elements of PFM, account aggregation, and eAuthentication into a single, integrated solution. 

The groundbreaking functionality of the eWise MyFin application transforms the consumer’s online banking into a simple, fast, and powerful experience that delivers unprecedented value to financial institutions through an integrated ROI engine.”

Product Launch: November 2012

HQ: Redwood City, CA

Founded: 2000

Website: ewise.com

Presenting Alex Grinberg (Founder) and Mark Matthews (Managing Director)

Finovate Alumni News– November 8, 2012

• Bill Dwight, CEO of FamZoo, interviewed by Unlock Your Wealth Radio.

• TechCrunch reports BillGuard Teams Up With Lemon’s Mobile Wallet, Will Alert Users To Fraudulent Charges.

• MyBankTracker reviews Betterment’s gift registry feature.

• Tech in Asia describes why Striata caught its eye at FinovateAsia.

• Personal Loan Finder looks at SocietyOne.

• BetaKit reports ShopKeep adds employee time tracking feature to iPad POS system.

• SecureKey launches Online Authentication Service for Government of Canada.

• TechCrunch reports Lending Club Surpasses $1B In Personal Loans, Hits Profitability.

• PaySimple Launches ReceivablesPro Turnkey Private-Label Solution.

• Campaign Asia reports London-based Innovation Agency launches in Singapore.

• At FinovateAsia, Barclays announces the launch of PFM powered by Strands.

• SG Entrepreneurs covers Perfectsen’s launch of The Hook at FinovateAsia.

• Des Moines Register covers Dwolla’s MassPay.

• e27 lists 3 finance startups that caught their eye at FinovateAsia 2012.

• Pando Daily reports Bazaarvoice replaces its CEO and acquires Longboard Media.

• Finextra reports Authentify opens Japanese subsidiary.

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.

eWise Launches MyFin Mobile Banking App

Then, eWise launched MyFin:

“The eWise MyFin mobile banking application combines the most powerful elements of PFM, account aggregation, and eAuthentication into a single, integrated solution. The groundbreaking functionality of the eWise MyFin application transforms the consumer’s online banking into a simple, fast, and powerful experience that delivers unprecedented value to Financial Institutions through an integrated ROI engine.”

Product Launch: November 2012

HQ: Redwood City, CA

Founded: September 2000

Website: ewise.com

Finovate demo video: Demo videos will be posted next week

Introducing Alex Grinberg (EVP & Founder) and Lance Robinson (VP Asia Pacific)

Finovate Alumni News– January 11, 2012

• On Deck releases version 1 of API.

• Forbes lists Expensify as 1 of 10 financial innovations that will make your life easier in 2012.

• OpenCart plugin now supports Dwolla.

• Guardian Analytics releases Anomaly Detection Toolkit to help FIs address the expectations for layered security.

• Tax compliance monitoring service, Tax Guard, partners with ProfitStars.

• ValidSoft joins “Get Safe Online” to help consumers protect themselves. Watch its live demo at FinovateEurope.

• Regions Bank joins eWise’s Secure Vault Payments network.

• Intel will use SecureKey’s authentication technology on new Ultrabooks.

• PayPal partners with payment solution company ABJ Software.

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.

Secure Vault Payments Adds Nebraska Online Child Support Website to Vendor List

Yesterday, U.S. Bank announced that it implemented eWise’s Secure Vault Payments (SVP) for Nebraska Online Child Support Payments, adding it to the SVP vendor list.

Here’s how it works from an end-user perspective:

“With Secure Vault Payments, a non-custodial parent initiates the payment at the Child Support Center’s website. The parent is automatically redirected to his or her bank’s online banking platform to select the account to use for payment. The participating financial institution authenticates the payer and immediately withdraws funds from the payer’s account and then transfers funds to the Child Support Center the next business day.”

Nebraska Online Child Support Center reported that, within just a few hours of implementing SVP, the first payment using the technology was completed. 

To learn more about eWise’s Secure Vault Payments, watch its FinovateSpring 2011 demo.

Finovate Alumni News– January 10, 2012

• Wired Magazine UK describes how miiCard is working to help prove online identities.

• Wall Street Journal’s MarketWatch looks at how LearnVest seeks to shake up financial planning.

• Plastyc publishes a fee and feature comparison between its UPside Visa prepaid card and Suze Orman’s The Approved Card.

• eWise’s Secure Vault Payments adds Nebraska Online Child Support website to vendor list.

• ThreatMetrix acquires TrustDefender, expands Cybercrime Defender Platform.

• Outright releases a widget to help those filing a 1099-K escape possible IRS audits.

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.

2011 Funding for Finovate Alumni– Over $423 Million Raised

To wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:

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

Here is a month-by-month breakdown of funding received:

January — $40.8 million raised by 3 companies

• Kabbage: $6.7 million — Blog post

• Kony Solutions: $19.1 million — Blog post

• On Deck Capital: $15 million — Press release

February — $10.3+ million raised by 3 companies

• eToro: $8.3 million — Press release

• Plastyc: $2 million — Blog post

• SecureKey: Undisclosed — Blog post

March — $20.4 million raised by 4 companies

• Bobber Interactive: $1.4 million — Press release

• Credit Sesame: $6.2 million — Press release

• Finsphere: $1.8 million — Blog post

• Guardian Analytics: $11 million — Blog post

June — $124.4 million raised by 8 companies

• Balance Financial: $1.5 million — Blog post

• Braintree: $34 million — Blog post

• Dynamics: $35 million — Press release

• eWise: $14 million — Blog post

• Prosper: $17.2 million — Press release

• Silver Tail Systems: $20 million — Blog post

• Ftrans: $650,000 — Blog post

• Lendio: $2 million — Blog post

July — $1.1 million raised by 1 company

• Continuity Control: $1.1 million — Blog post

August — $103.4 million raised by 8 companies

• edo Interactive: $20 million — Press release 

• Kabbage: $17 million — Blog post

• Lending Club: $25 million — Blog post

• miiCard: $900k — Press release

• On Deck Capital: $19 million — Blog post

• peerTransfer: $7.5 million — Press release

• Simple (Formerly BankSimple): $10 million — Blog post

• Xero: $4 million — Press release

September — $33 million raised by 1 company

• Cardlytics: $33 million — Blog post

October– $22 million raised by 2 companies

• BillGuard: $10 million — Blog post

• CashStar: $12 million — Press release

November — $16.3+ million raised by 3 companies

• Braintree: Undisclosed — Blog post

• Ftrans: $1.3 million — Blog post

• SecondMarket: $15 million — Press release

December — $52.2 million raised by 5 companies

• Bill.com: $15.5 million — Press release

• Kabbage: $12 million — Press release

• mFoundry: $18 million — Press release

• MOOTWIN: $5.5 million — Blog post

• Plastyc: $1.2 million — Blog post

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.

Finovate Alumni News– November 15, 2011

• FamilySearch now using eWise’s Secure Vault Payments Technology.

• Business Insider recommends Credit Karma as a free way to learn your credit score.

• Netbanker: WV United FCU offering both Square and Dwolla payments.

• The Globe and Mail adds ticker content from StockTwits.

• Brightscope holds off on adding yelp-like investor reviews in order to add a Q&A section to the site.

• Wall Street Survivor launches affiliate program.

• Williams-Sonoma works with CashStar to provide e-gift cards.

• Lendio works with LegalZoom to bring legal resources to users.

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.