Finovate Alumni News– February 20, 2013

  • Finovate-F-Logo.jpgVoiceTrust and Finantix partner to provide voice-driven, secure mobile solutions.
  • Upstart Business Journal reports ShopKeep and LevelUp partner to keep up with the competition.
  • FamZoo introduces Family Pack of prepaid cards through partnership with TransCard.
  • Monitise collaborates with Blackberry & Permatabank to launch mobile payments service on Blackberry Messenger in Indonesia.
  • Lend Academy features Interview with New Prosper CEO Stephan Vermut.
  • SafetyPay partners with Computop to offer SafetyPay as part of its Paygate payment platform.
  • EnStream to enable the support of SecureKey’s authentication, identity & online payment solutions on mobile phones in Canada.
  • Virtual Piggy & WorldPay integrate to deliver youth payment solution internationally.
  • Luminous partners with Nihilent Technologies to sell Luminous’ solutions in India.
  • Tuition.io featured in this week’s Venture Capital program.
  • Mortgagebot expands space in Mequon with lease for new building.
  • PayPal to stop personal payments in Singapore on February 20 due to regulatory instructions.
  • iMore.com interviews Kashoo CEO Jim Secord at MacWorld|iWorld 2013.
  • TSYS announces acquisition of NetSpend in deal worth more than $1 billion.
  • ProfitStars announces year-over-year growth in P2P users, payments for its iPay Solutions service.
  • Metaforic’s product line now available for mobile apps written in Objective-C, the most commonly used language on iOS platform.
  • Delaware Online hails eDeposit as a boon for small businesses.
  • ACI Worldwide launches ACI Proactive Risk Manager to help FIs detect payment fraud.
  • Bazaarvoice builds new research and development unit, Bazaarvoice Media Labs.
  • Jack Henry & Associates add remote deposit capture to Android and iPhone versions of goDough app.
  • Opencart announces full integration of Klarna invoice and partial payment system.
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.

ACI Worldwide Buys Online Resources, FIS Scoops Up mFoundry

Thumbnail image for Finovate-F-Logo.jpgIt was a big day for Finovate alumni. ACI Worldwide and FIS, themselves both Finovate alums, rang the register on a couple of smaller fintech companies they hope will make them even bigger players in the online banking and payments world.

Online Resources Bought by ACI Worldwide

In an all-cash deal worth $260 million, the purchase of Online Resources will help ACI Worldwide bring broader online banking and full-service bill payment options to its network of financial institutions.   

The deal is also expected to increase the company’s customer base, with 1,000 banks, billers and other FIs coming along with Online Resources into the ACI Worldwide fold.

A look at the numbers:

  • Online Resources provides services to more than 1,000 FIs and billers
  • It processes more than 240 million bill payment transactions each year
  • It connects more than 9,000 billers
  • The combined entity anticipates cost synergies (i.e., saving in operating expenses) of more than $19 million.
  • Common shareholders will receive $3.85 per share, an 83% premium over yesterday’s closing price

FIS Purchases mFoundry

FIS’s decision to buy the 78% of mFoundry that it did not already known is seen as an opportunity for the company to assert itself in the mobile arena, while expanding its customer base in the process.

FIS already has a sizable footprint when it comes to banking and payments technology. And in bringing mFoundry fully on board, the company has helped fuel optimism about the prospects for greater innovation and “convergence” among the various players within the industry.

More on the deal:

  • mFoundry serves more than 800 banks and credit unions across the country
  • The acquisition will cost FIS $120 million (valuing mFoundry at about $160 million) 
  • The deal is expected to close by the end of March
  • Founded in 2004, mFoundry’s clients include Bank of America, Zions Bank, and more than a third of the top-50 financial institutions in the U.S.
  • FIS serves more than 14,000 FIs in more than 100 countries

mFoundry and Online Resources both participated in our very first Finovate back in 2007. mFoundry was also on stage more recently at FinovateFall 2010.

Finovate Alumni News– February 1, 2013

  • Finovate-F-Logo.jpgDallas Business Journal reports PayTap helps split bills among friends, family.
  • Taulia to provide e-invoicing and supplier self-services to real estate market.
  • Ping Identity announces annual bookings grew more than 50% for the third consecutive year, cites other growth metrics.
  • Locaid to provide geofencing, location authentication for GTECH.
  • Nationwide shares pointers on how to use eDeposit.
  • ACI Worldwide announces winners of its 2013 Excellence Award.
  • Bazaarvoice to help UK furniture retailer Harveys execute social media strategy.
  • CurrencyFair wins “Start up of the Year” in The Next Web’s Irish Startup Awards competition.  See them demo at FinovateEurope in London!
  • In this Forbes piece, BankersLab CEO and Co-Founder Michelle Katics gives a crash course on what it’s like to take a startup global.
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 31, 2013

  • Finovate-F-Logo.jpgTechCrunch reports Braintree’s New Payments Layer Lets Users Sign Up For Apps Without Re-Entering Their Credit Card Data.
  • Mitek and Allied Payment Network Expand Availability of Mobile Photo Bill Pay.
  • Backbase and iQStore sign partnership agreement for Russian market.
  • Xero integrates with Harvest, a time tracking and invoicing software company.
  • CNBC’s Squawk on the Street features BOKU.
  • HID Global partners with BehavioSec to improve fraud detection system.
  • FIS acquires mFoundry for $120 million.
  • Facebook integration, customer management features added to Flint mobile app.
  • ACI Worldwide to buy Online Resources for more than $120 million.
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 30, 2013

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  • Jemstep launches new Portfolio Manager service.
  • Aite Group names ACI Worldwide “Vendor to Watch” in 2013.
  • Acculynk‘s PayLeap now features API developer integration tools.
  • Figlo is 1 of 16 companies to join a global alliance with Microsoft.
  • American Banker reports Simple Enacts New Security Features.
  • All Things D lists Tuition.io as 1 of 2 companies to help college grads with empty pockets.
  • Netbanker reports: Movenbank Provides a Peek at its User Interface. Come check it out at FinovateEurope, less than 2 weeks away.
  • Experian extends Precise ID fraud prevention to online Social Security related services.
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 23, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTemenos wins praise as “top advisor solution” from Aite Group.  Come see their demo at FinovateEurope in February!
  • Spredfast announces Bazaarvoice integration.
  • Pageonce reaches $1 million mark in daily mobile bill payments processed.
  • A look at TradeKing after the merger.
  • ACI Worldwide‘s Money Transfer System helps FIs with Dodd-Frank compliance.
  • EZBOB forms partnership with ChannelGrabber.  Watch EZBOB in action at FinovateEurope!
  • Monitise and CGI Logica form mobile FS alliance to target European retail banks.
  • Tradeshift partners with Intuit to bring its social invoicing platform to more than 5m QuickBooks users.
  • American Banker reports: Fiserv extends relationship with BofA. Come to FinovateEurope in London to see its live demo.
  • CNBC talks with Alexa Von Tobel, LearnVest CEO.
  • Bill.com and Expensify announce product integration.
  • GrowthBusiness profiles Holvi. Comes see Holvi’s new tech at FinovateEurope next month.
  • Fast Company reports you can now pay taxes in Iowa using Dwolla.
  • SimpleTuition reports 2012 success metrics for SmarterBucks program.
  • DemystData a finalist in AWS Global Startup Challenge. 
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 21, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAndroid Does takes a look at the latest update to Pageonce Money & Bills app.
  • ACI Wordwide announces winners of its Excellence Award for 2013.
  • Forbes considers Movenbank’s view of online reputation. See Movenbank demo live at FinovateEurope February 12 and 13.
  • The Des Moines Register takes an inside look at Ben Milne’s thoughts on the future of Dwolla.
  • SafetyPay announces record growth: Number of transactions in 2012 increased 149% over 2011, the dollar value of transactions increased by 88.5% in 2012 over 2011.
  • BBVA announces mobile RDC for iPhone. Come see BBVA demo its new tech at FinovateEurope in London.
  • Lending Club issues the 100,000th loan on its lending platform.
  • Credit.com‘s “Credit Cards” app now available on Google Play.
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.

ACI Worldwide Launches New Money Transfer System

Thumbnail image for ACIWorldwide.jpgCalling the latest version a collaborative effort between the company and customers, ACI Worldwide this week announced the release of Money Transfer System 5.0.

MTS 5.0 features include repair reporting, network validation tools, and the addition of global clearing channel such as KASSIP and SAIRE. KASSIP is the Kuwait Automated Settlement System for Inter-Participant Payments. SAIRE is the Saudi Arabian Riyal Interbank Express.

Additionally, the issues that financial institutions face with regard to sanctions checking have been addressed in MTS 5.0. The Enhanced Sanctions Filter provides SDN (Specially Designated Nationals) list storage and enrichment, real-time scanning, exception processing, and other services.

See ACI Worldwide’s most recent Finovate demo here.

Finovate Alumni News– January 7, 2013

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  • ACI Worldwide launches ACI Money Transfer System 5.0.
  • Suncorp Bank chooses FIS to manage ATM and POS transactions
  • 500Friends to integrate LoyaltyPlus platform with Bazaarvoice.
  • Financial Edge Community CU partners with SaveUp.
  • Mitek issued new patent for “Methods for Mobile Image Capture and Processing of Documents”.
  • The Financial Brand checks out the “Simple” way of banking.
  • The New York Times looks at SoMoLend’s take on crowdfunding, seeking out institutions to serve as lenders.
  • New York Times looks at Enloop’s hassle free business plan writing service.
  • The Telegraph highlights TransferWise as a cost-saving option for overseas money transfers.
  • Luxembourg’s Nordea Bank picks Temenos to standardize IT infrastructure.
  • GMC Software Technology helps Gala Bingo move to “third generation” bingo tickets.
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.

BancVue Cracks the American Banker FinTech 100

IMG_1080.JPGThe FinTech 100, a list of the top revenue-grossing fintech firms, was announced Wednesday at BAI Retail Delivery

Nine Finovate alumni made the cut, including BancVue, debuting at number 95. Pictured to the right are James Ladas and Gabe Krarcek from BancVue. 
Here are the Finovate alumni, listed according to rank:

2011 Rank: 1
2010 Rank: 3
Fiserv

2011 Rank: 2 
2010 Rank: 1
2011 Rank: 10
2010 Rank: 11
2011 Rank: 18
2010 Rank: 18
2011 Rank: 19
2010 Rank: 20
2011 Rank: 24
2010 Rank: 15
2011 Rank: 34
2010 Rank: 34
2011 Rank: 62
2010 Rank: 76
2011 Rank: 95
2010 Rank: NR
See the full list here. To learn how the rankings are calculated, see the American Banker article

Finovate Alumni at BAI Retail Delivery Conference

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

ACI Worldwide & MShift Create Business Banking Tool for Executives

ACIMShift.jpg

This morning, ACI Worldwide and MShift did a joint demo of their Mobile Enterprise Banker for tablets:

“It is a tablet-optimized business banking solution. The solution is targeted towards business executives who are interested in robust and graphically rich presentations of company data as well operational tasks like ACH and Wire release and bill payment.”

Product Launch: May 2012

HQ Location
  • ACI: Elkhorn, NE 
  • MShift: Fremont, CA 
Company Founded
  • ACI: 1975 
  • MShift: 1999 
Website
Presenting Jeff Chen (VP Business Development, MShift) & Ileen Pinhasi (Product Manager, ACI Worldwide)

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