DES MOINES (5/9/11)—Dwolla--the online, mobile and social payment platform supported by The Members Group (TMG)--has been chosen as one of 63 financial innovators to be featured at the 2011 FinovateSpring, a showcase for financial technology companies. The two-day FinovateSpring event will feature a mix of short, fast-paced demos from handpicked financial technology companies, according to conference organizers, The Finovate Group. Founded in 1995, The Finovate Group is best known for its research publication, Online Banking Report, and its blog, NetBanker.com. Companies take part in a competitive application process to get a demo slot at Finovate events. Each selected company receives seven minutes to demo a product or service in front of financial executives, venture capitalists, press, industry analysts, bloggers and “fintech” entrepreneurs. Dwolla founder Ben Milne plans to show off the platform’s FiSync feature, which allows credit unions and community banks to integrate the payment platform into their existing systems. Milne also promises to announce “something entirely new” for Dwolla at the event.
GRAND RAPIDS, Mich. (5/9/11)--Xtend, Inc., a credit union service organization (CUSO) based in Grand Rapids, Mich., was presented the Collaboration & Innovation Award by the National Association of Credit Union Service Organizations (NACUSO). Xtend, which offers managerial, operational, marketing, technical planning and consulting services, was recognized for excellence and innovation in its use of the collaborative model to deliver services to credit unions and their members. “I think our CUSO’s success is living proof of how strong the collaborative business model is, what credit unions can create when they work together, and that no task is too small for us to handle for one of our customers,” said Scott Collins, president of Xtend, as he accepted the award at the 2011 NACUSO Annual Conference. “Xtend truly demonstrates the type of thought leadership and value creation we wanted to showcase through this award,” said Jack Antonini, CEO of NACUSO. “Not only is it growing by serving more credit unions, it is constantly searching for new ways to deliver value and help credit unions increase their competitive advantage through strategic products, services and partnerships.”