Tag Archives: banks

FinXTech Rates SizeUp a Friend of Banks and Legacy Financial Institutions

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FinXTech’s article, SizeUp: Friend or Foe, concludes that “SizeUp is a friend to banks and legacy financial institutions of all sizes. Bringing this level of sophisticated big data and business intelligence to their small business clients is only serving to help them grow and succeed, which should ultimately result in increased small business account retention. And as these companies grow, banks can be ready to upsell and cross-sell additional products and services that focus on specific stages of development along the way.”

Read the complete article about SizeUp by FinXTech here.

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SizeUp on List of 20 Hottest Bay Area Fintech Startups and Investors

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SizeUp is #4 on the list of The Hottest Bay Area Fintech Startups to Keep Your Eye On. The article lists the top Fintech Investors including 1. Marc Andreessen (Andreessen and Horowitz) 2. Ben Horowitz (Andreessen and Horowitz) 3. Jeff Clavier (SoftTech VC), 4. Marissa Mayer (Yahoo), 5. Paul Graham (Y Combinator), 6. David Lee (SV Angel), 7. Jason Calacanis (Open Angel Forum), 8. Max Levchin (Affirm), 9.  Paul Buchheit (Y Combinator), 10. Benjamin Ling (Khosla Ventures), 11. Kevin Rose (Google Ventures), 12. Dave McClure (500 Startups), 13. Dave Morin (Slow Ventures), 14. Matt Mullenweg (WordPress/Automattic), 15. Keith Rabois (Khosla Ventures),  16. Chris Sacca (Lowercase Capital), 17. Aydin Senkut (Felicis Ventures), 18. Aileen Lee (Broadway Angels), 19. Ron Conway (Angel Investors),  and 20. Joshua Schachter (Tasty Labs).

The article describes the abundance of inventive organizations that can be found in San Francisco and that “In the midst of rumors about the looming fate and misery of the startup environment, there’s a lot of awesome new companies out there still ready to change the world.” The list of “the 20 sultriest new businesses in San Francisco” was assembled from discussions “with financial specialists, representatives, columnists, and active individuals from the city’s entrepreneurship scene to this rundown of new businesses to watch in 2016.”

The Hottest Bay Area Fintech Startups to Keep Your Eye On include 1. Sighted, 2. Plaid, 3. Gusto, 4. SizeUp, 5. Cashflower, 6. Trizic, Inc, 7. Even, 8. Comparably, 9. Truebill, 10. Funding Circle, 11. SoFi, 12. Trulioo, 13. Zenefits, 14. Due, 15. Acorns, 16. Zuora, 17. Wealthfront, 18. Navdy, 19. Final, and 20. Tipalti. According to the article, SizeUp “helps banks engage independent clients and make informed, lucrative choices through enormous data information. The company helps determine what percent of businesses you are outperforming in your industry, and see if your score places you in the top or bottom for revenue, size, salaries, and more. It also gives brilliant information about where your company’s clients are located, and where you should advertise.”

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Great Potential of Big Data Technology for Financial Services

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The article “Identifying the Great Potential of Big Data Technology” by Guillermo Torres, Manager at Axis Corporate, discusses how financial services companies have successfully identified Big Data’s potential. In one of three case studies, the article discusses that “Wells Fargo partnered with SizeUp to compare customer’s business to competitors, mapping customer´s competitors, customers and suppliers and lastly, finding the best places to target your next advertising campaign.” The live presentation of the research at the Yale Club in New York City highlights how SizeUp can be used for cross-selling bank services. To access a copy of the live presentation contact Axis Corporate.

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SizeUp at Temenos Innovation Jam

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SizeUp participated in the Temenos Innovation Jam 2017. SizeUp presented to the audience of Temenos customers to demonstrate its small business banking solution. The Innovation Jam is now in its second year of existence and was designed as a way for Temenos’ customers to meet innovative Fintech companies.

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Small Business Banking Innovation Trends

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Deborah Bianucci, President and CEO of BAI presented four worldwide innovation trends in her talk “Small Business Banking Innovation from Around the Globe” at the American Banker Small Business Banking Conference.  Model implementations of these trends were discussed and include:
1. Improving and Speeding Up Access to Financing (DenizBank.com, Nusenda.org)
2. Streamline Payments (ideaBank.pl)
3. Use Analytics with Advice (SizeUp.com)
4. Uniquely Serve a Niche (Wesbank.co.za and Uber.com, intesaSanpaolo.com, TEB.com.tr)

According to the American Banker Small Business Banking Conference, “…because innovation for the small business segment is so important to competitive differentiation, there is an increased emphasis on innovating for small business.  Some of the most progressive innovation is happening outside the U.S. by banks that are taking different approaches to serving small businesses.”

BAI empowers financial services leaders to make smart business decisions that drive positive change and move the industry forward. For more research from BAI, please visit BAI.org.

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Money 20/20 Includes SizeUp in Fintech Row

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SizeUp was invited by Money 20/20 to participate in the conference startup pavilion. SizeUp team members met with numerous conference attendees to discuss opportunities to bring SizeUp’s services to new customers and partners.  Money 20/20 is one of the largest gatherings of financial services professionals focused on technology and innovation with over 9,000 attendees.

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Plug and Play Fintech Accelerator Selects SizeUp

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Plug and Play Fintech sourced over 800 Fintech startups worldwide to select twenty-four startups, including SizeUp, for the Plug and Play Fintech accelerator. The program is designed for financial technology startups. The startups will gain access to Plug and Play’s extensive network of top banks and financial institutions that have been specifically curated to work with them. Partners of the program include Deloitte, Bank of the West, BanRegio, BNP Paribas, Capital One Growth Ventures, Credit Suisse, Deutsche Bank, Finstar Labs, Intuit, JCB, MUFG, Santander, Sumitomo Mitsui Banking Corporation, TD Bank, USAA, and U.S. Bank.

Plug and Play’s venture team, VC Partners, and corporate partners select the startups that are accepted into the program, resulting in less than a 3% acceptance rate. “We are thrilled to be working with some of the best fintech startups in the world, before the world knows them,” says George Damouny, Principal of Plug and Play Ventures.

The Fintech startups selected include CCOBOX, Dobot, Eximchain, Flowcast, Instrument Capital, Lenny, Netki, Neurensic, NUCO, Omniscience, Redrock Biometrics, ShoCard, ShopInbox, SizeUp, Stellar Development Foundation, The Sun Exchange, Tierion, Tradle, Trunomi, Vault, and xPressTap.

Read the Plug and Play Fintech news release and learn more about the PnP Fintech program.

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