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ValidSoft took the stage next to demonstrate its voice-based authentication technology: “Our product can protect M-banking transactions from all of the attacks that affect Internet banking today, while using out-of-band, real-time voice based authentication, and transaction verification. A smart phone contains multiple channels, both voice and data. Therefore the concept of channel separation, critical for the detection Read more…
Next, miiCard launched an online identity verification service to help consumers prove that they are who they say they are: “miiCard uses information only a user would know, accesses details to their online bank account, and creates a secure, encrypted link to this account which has already approved a primary identity check to meet AML/KYC regulations. Read more…
Third, PayPal came on stage with la Caixa to show off instant account creation technology: “You can open a PayPal account in 30 seconds from the secure environment of la Caixa’s home banking. We use our combined APIs to leverage the verified customer information that la Caixa has from its clients to speed customers through the PayPal Read more…
Seattle-based doxo published an infographic yesterday detailing its successes in 2011. Doxo users: The highest number of documents uploaded by a single user was 1,206 The most provider accounts listed by a single user was 62 The most payments to providers by a single user was $9,100 Doxo providers: Users listed 13,848 different providers in 2011 New Read more…
You can really see how the global financial crisis has stunted banking innovation by looking at how little Facebook has been used as a delivery channel (note 1). The first financial institution in the world to offer Facebook account access, KeyPoint Federal Credit Union (powered by MShift) launched in Nov 2007 (post here), when the Read more…
Mobile banking platform company, Monitise and banking and payments technologies provider, FIS have entered into a five year strategic partnership agreement: “Under the terms of the five-year deal, which involves multi-million dollar per annum revenues, FIS and Monitise have created an agile mobile development and deployment team that will help banks and other financial institutions Read more…
We just finished issue number 199 of our Online Banking Report. Given that it’s a monthly publication, you can do the math, and see that we’ve been at this for a while. We’ve covered a lot of ground, but until now, we’d never taken an in-depth look at the insurance side of online delivery. Why? Read more…
The 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: FIS 2011 Rank: 1 2010 Read more…
This morning, MasterCard demonstrated a feature of inControl, the Small Business Controller service: “MasterCard inControl is an innovative, flexible service, which enables issuers to easily introduce payment products that offer unparalleled controls and real-time alerts to both consumer and commercial cardholders. The suite of inControl offerings satisfies strong end-user needs for high security and controlled access to spending accounts, while providing Read more…
This afternoon, Yodlee demoed The Dynamic Consumer Experience: “Yodlee’s dynamic consumer banking experience is fast, flexible, and tailored to the unique needs of individuals, all in an anytime, anywhere online/mobile environment. We will be showing how financial providers can, from a single platform, enable truly differentiated consumer banking experiences that drive substantial value. We will Read more…
Cardlytics, a consumer advertising startup which delivers targeted promotions within bank and credit card statements, announced a major strategic investment today: “It has signed a long-term global strategic alliance with Groupe Aeroplan, a global leader in loyalty management. As part of the alliance, Groupe Aeroplan and existing investors are injecting an additional $33 million in capital to Read more…
Last week, AlwaysOn released its 2011 AlwaysOn Global 250 Top Private Companies List that represents the top emerging companies Worldwide. Twelve Finovate Alumni were selected: BillFloat Bling Nation Boku Cardlytics ClairMail Expensify IDAnalytics Lending Club SecondMarket Wikinvest Wonga Yodlee _________________________________________________________________________ In other Alumni News: Aptys Solutions Aptys Solutions announced that the ACH functionality in its PayLogics payment Read more…