Last Chance for FinovateSpring 2014 Tickets!

By Eric Mattson on April 23, 2014 1:58 PM | Comments
FinovateSpringButtonLogo.jpg

FinovateSpring 2014 is almost here and we are very excited! With every passing hour, we are skyrocketing towards a new attendance record for the conference (and for any Finovate in our 20-show history)!

Based on current trends, we're projecting almost 1,400 innovators will be in the audience to watch the future of financial technology unfold. (A few tickets do remain so please register soon to lock in your seat before it is too late.)

While we are thrilled with the record-setting size of the audience, what is truly impressive is the quality of the attendees and the organizations that they represent. Here is just a small sample of the organizations that will be in attendance:

  • A.T. Kearney
  • Bank of Ireland
  • Bank of the West
  • BBVA Compass
  • BECU
  • Bessemer Venture Partners
  • BlackRock
  • BNP Paribas
  • Canaan Partners
  • Capital One
  • Celent
  • Celtic Bank
  • CenturyLink
  • CFPB
  • Charles Schwab
  • Chase Paymentech
  • CIBC
  • Citi Ventures
  • City National Bank
  • Consulate General of Canada
  • Coupons.com
  • Deluxe Corporation
  • Diebold
  • Digital Insight
  • Discover
  • E*TRADE Financial
  • Edward Jones
  • Equifax
  • EverBank
  • Experian
  • Fidelity
  • Fifth Third Bank
  • Filene Research Institute
  • First Data Ventures
  • First Republic Bank
  • FIS
  • Fiserv
  • Forbes
  • Foundation Capital
  • Frost Bank
  • FTV Capital
  • Gartner
  • General Atlantic
  • GoDaddy
  • Goldman Sachs
  • Google
  • Google Capital
  • H&R Block
  • IBM
  • Institutional Venture Partners
  • Intel Capital
  • Intellectual Ventures
  • Intuit
  • Itau Bank
  • Jack Henry & Assoc.
  • KPMG
  • Lazard
  • Lending Club
  • Life.SREDA Venture Capital
  • Lightspeed Venture Partners
  • MassMutual
  • MasterCard
  • Maybank
  • McKinsey & Co.
  • Menlo Ventures
  • Microsoft
  • Mizuho Bank
  • Mohr Davidow Ventures
  • Morningstar
  • Mountain America CU
  • Nasdaq OMX
  • NCR
  • NEA
  • New York Life
  • North Hill Ventures
  • Norwest Venture Partners
  • NTT Data
  • PayPal
  • PNC
  • Principal Financial
  • RBC
  • Ribbit Capital
  • RBS
  • RushCard
  • Sberbank
  • Scotiabank
  • Sequoia Capital
  • Silicon Valley Bank
  • Stanford University
  • Swedbank
  • TD Ameritrade
  • The Bancorp
  • The Vanguard Group
  • TowerGroup
  • Transamerica
  • TransUnion
  • TTV Capital
  • U.S. Bank
  • Union Bank
  • USAA
  • UW Credit Union
  • VentureBeat
  • Visa
  • Wells Fargo
  • Western Union
  • Yodlee

Please don't delay! Tickets are selling fast and space is limited so please be sure to register now to make sure you get a seat!

FinovateSpring 2014 is sponsored by: The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, KPMG, Life.SREDA, UK Trade & Investment, Visa, Xignite and Zions Direct.

FinovateSpring 2014 is partners with: Aite Group, ABA, Bank Innovators CouncilBankersHub, BayPay Forum, California Bankers Association, Fin-Tech.org, Government of Canada, Celent, Filene, Hotwire PR, Javelin Strategy, The Paypers, SME Finance ForumVisible Banking, & Western Independent Bankers.

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Fintech Unicorns

By Jim Bruene on April 23, 2014 12:19 PM | Comments

Gilt statue of a unicorn on the Council House,...

Gilt statue of a unicorn on the Council House, Bristol (Photo credit: Wikipedia)

In January, we identified the billion-dollar fintech unicorns (post), but William Mougayar went deeper looking at the tech companies founded since 2000 valued at $250 or more. He compiled a list of 235 companies around the globe. Seventeen of those (7%) we consider fintech (15 if you don't count real estate specialists Zillow and Trulia). The list is not yet complete (more companies are being added by readers), but it's an interesting data point.

Highlights:

  • Square has been the alpha unicorn (oxymoron?) since it burst on the scene five years ago. But it looks like Lending Club is closing the gap, valued at, $3.8 billion, just (!) $1.2 billion less. However, the peer lender seems to be on the rise and headed to an IPO, while media reports indicate Square may be struggling a bit to maintain its valuation and has scuttled its own IPO plans for this year.  
  • This is the first time we've seen Paydiant mentioned in the billion-dollar club, but we are not surprised.
  • Of the still-private companies listed here, all but two are Finovate alums (note 1). 


Table: Fintech companies valued at $250 mil or more (founded 2000 or later)

Company Finovate Alum? Founded Valuation
Square No 2009 $5.0 bil
Lending Club Yes 2006 $3.8 bil
Zillow No 2005 $3.8 bil (public)
Xero Yes 2006 $3.5 bil (public)
Klarna Yes 2005 $2.5 bil
Wonga Yes 2007 $2.0 bil
Stripe No 2011 $1.8 bil
LifeLock No 2005 $1.5 bil (public)
Trulia No 2004 $1.2 bil (public)
Paydiant Yes 2010 $1.0 bil
Climate Corp No 2006 $930 mil (acquired)
Braintree (Paypal) Yes 2007 $800 mil (acquired)
BazaarVoice Yes 2005 $540 mil
Cardlytics Yes 2008 $500 mil
Payfone Yes 2008 $500 mil
Prosper Yes 2006 $500 mil
Vitrue No 2006 $300 mil (acquired)

Source: StartupManagement.org (link), 20 April 2014

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Note:
1. Come see the latest unicorn candidates at FinovateSpring next week (April 29/30) in Silicon Valley.

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Announcing the Full Presenting Lineup for FinovateSpring 2014!

By Eric Mattson on April 16, 2014 1:34 PM | Comments

FinovateSpring 2014 is less than two weeks away, and the excitement is building! More and more tickets are selling with every passing hour and on April 29 & 30, we're expecting to break Finovate's attendance record for the second year in a row with an audience of over 1,400 industry professionals and entrepreneurs.

You've probably already seen a few of the companies presenting at FinovateSpring this year, but a bunch of presenters just came out of stealth mode on Friday to complete the lineup. So, without further ado, here's the full lineup of 68 companies that will demo their latest fintech innovations in the heart of Silicon Valley in less than 14 days:

  • Artivest
  • Avoka
  • BodeTree
  • ChiaraMail
  • Coinbase
  • CREALOGIX
  • CUneXus
  • D3 Banking
  • Dealstruck
  • defi SOLUTIONS
  • Digital Insight
  • Digital Retail Apps
  • Encap Security
  • Endeavour
  • EyeVerify
  • FinBuddy
  • Fiserv
  • FlexScore
  • ID.me
  • Insuritas
  • IntelliResponse
  • Interactions
  • Jumio
  • Kofax
  • Kown
  • Kreditech
  • LendingRobot
  • LendingTree
  • LendUp
  • Loop
  • LOYAL3
  • Market Prophit
  • Motif Investing
  • MShift
  • Nearex
  • NICE Systems
  • OnBudget
  • Ondot Systems
  • Pellucid Analytics
  • Personal Capital
  • Pixeliris
  • Privatbank
  • Qapital
  • Quisk
  • Radius
  • RealtyMogul
  • Red Giant
  • Rippleshot
  • Roostify
  • SaveUp
  • SmartAsset
  • Spreedly
  • Stockpile
  • StrategyCorps
  • Sureify
  • Tactile Finance
  • TD Ameritrade & LikeFolio
  • TextPower
  • True Link
  • Venovate
  • Verde International
  • Visible Equity
  • Vorstack
  • WePay
  • Wipit
  • Yseop
  • ZenPayroll
  • Zumigo

Please don't delay! Tickets are selling fast and space is limited so please be sure to register now to make sure you get a seat!

FinovateSpring 2014 is sponsored by: The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, KPMG, Life.SREDA, UK Trade & Investment, Visa, Xignite and Zions Direct.

FinovateSpring 2014 is partners with: Aite Group, ABA, Bank Innovators CouncilBankersHub, BayPay Forum, California Bankers Association, Fin-Tech.org, Government of Canada, Celent, Filene, Hotwire PR, Javelin Strategy, The Paypers, SME Finance ForumVisible Banking, & Western Independent Bankers.

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Mobile PFM: Tracking Automobile Trips

By Jim Bruene on April 14, 2014 6:44 PM | Comments

imageLast week, MileIQ cracked the top-50 in Apple's "Finance | Free" category. Think of it as Fitbit for cars, running in the background automatically logging all car trips (and killing battery life). 

At the end of each trip, users categorize the trip by swiping left for personal or right for business (see screenshots below). Users can also annotate transactions by "flipping" them over and typing basic details (see screenshot 2 below).

That's basically all there is to the mobile part. Users go to the companion desktop dashboard (screenshot #5) to further categorize trips, stitch the various segments into a single trip, delete items, add parking and toll fees, edit the tags, manually add a trip and create reports.

You can also create a quick email report at the push of button from within the app (screenshot #6).

It's free for 40 trips per month, but then costs $5.99/mo or $60 annually. It could make for a nice auto loan/lease premium item.

___________________________

Relevance for FIs
___________________________

This feature would be a nice fee-based value add for personal financial management (PFM) programs. But the more interesting aspect is the UI. Banks could provide a similar function for handling all transactions. Users swipe to the left to categorize a transaction as tax-deductible/business or right if not. Later, just the left-swiped transactions could be tagged with more specific categories (business travel, charitable contributions, etc).

This simple approach every so slightly "gamifies" mobile transaction processing, helping users save money and better manage their finances. 

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Screenshots
Mobile UI

#1 (left) Main page shows drive(s) to classify
#2 (right) Annotation available on the "back" of each drive card

 image        image


#3 (left) Congratulations for handling all transactions  
#4 (right) Pricing options

 image       image


#5 Desktop dashboard

image

#6 Quick email report, generated by button in mobile

image

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1. We've tackled PFM numerous times over the years in our Online Banking Report. Most recently here (subscription).

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Apply to Demo Your Latest FinTech Innovation at FinovateFall 2014

By Eric Mattson on April 9, 2014 3:42 PM | Comments

btn3_ov.pngWith the presenter roster set for FinovateSpring, we've begun our global search for the financial technology innovations that will be showcased at FinovateFall 2014 on September 23 & 24 in New York City. 

Last year, FinovateFall welcomed a sold-out crowd of more than 1,100 executives who witnessed 69 new fintech innovations debut via our signature demo-only format.

This fall, based on the early interest, we expect the auditorium to be just as packed and to showcase even more great innovations than last year.

If your company is interested in debuting your latest and greatest at the premier event for fintech innovation, please email us at fall@finovate.com for more details.

If you're interested in attending FinovateFall to watch the future of fintech unfold live on stage, tickets are now on sale for the event at the lowest price that we'll offer.

We'll see you in New York in September (or San Francisco in a few weeks)!

FinovateFall 2014 is sponsored by: The Bancorp, CapitalSource, Financial Technology Partners, Greater St. Louis Financial Forum, Hudson Cook LLP, UK Trade & Investment, Visa

FinovateFall 2014 is partners with: Aite, ABA, BankersHub, California Bankers Association, Canada, Celent, Filene Research Institute, Hotwire PR, Javelin Strategy, The Paypers, SME Finance Forum, & Visible Banking

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