Welcome!

News Feed Item

Moneyworks Named Winner of Fourth Annual Core Innovators Challenge

Core Innovation Capital (Core) today named Moneyworks as the winner of the fourth annual Core Innovators Challenge, the nation’s largest and most prestigious competition for technologies serving the Emerging Middle Class. Moneyworks was chosen from amongst four finalists by a live vote of hundreds of financial services executives and innovators at EMERGE: The Forum on Consumer Financial Services Innovation, hosted by the Center for Financial Services Innovation (CFSI) and SourceMedia.

Moneyworks helps consumers pay down debt and optimize their overall financial health by managing money on their behalf. The product automatically pays all of a user’s bills and debts, so that the user can focus on controlling discretionary spending. The Moneyworks app also provides alerts based on a user’s location to proactively influence behavior to keep spending on track. As the 2014 Core Innovators Challenge winner, Moneyworks will receive $10,000 in prize money.

"Congratulations to Moneyworks and their important new tool for helping members of the Emerging Middle Class better manage money and their overall financial health,” said Arjan Schütte, founder and managing partner at Core. “Mobile personal finance management joins Bitcoin, Small Data, and alternative lending for SMBs as leading trends that best represent the growing sophistication of companies competing in this space.”

The other finalists in the fourth annual Core Innovators Challenge finalists included:

  • Blossom improves the experience for investing, managing, and cashing out of digital currencies like Bitcoin. Blossom's Bitcoin by Mobile service allows people interested in digital currency to buy Bitcoin in seconds, without entering any personal financial details, by charging the purchase to their mobile phone bill.
  • Dealstruck is the only peer-to-peer lending platform for small-to-midsize businesses that offers asset-based term loans and working capital lines of credit, often at a lower interest rate than competitors. The company leverages flexible underwriting features to help borrowers reach funding goals quickly and easily, as well as allowing investors the freedom to choose specific investments.
  • Entrepreneurial Finance Labs (EFL) applies psychometrics to credit scoring in emerging markets to highlight the power of Small Data in credit. Unlike other credit innovations that leverage non-traditional data sources like social networks and call detail records, EFL's methodology requires only an introductory reading level, not a computer or a mobile phone. Today, EFL operates across Latin America, Africa, and South Asia.

The 80 million underserved Americans that earn more than one trillion dollars in annual income make up the Emerging Middle Class. Core is an Impact Alignment venture fund investing in entrepreneurs that serve the Emerging Middle Class by applying free-market solutions to the world’s most demanding social challenges.

To learn more about EMERGE sponsored by MasterCard, please visit: http://www.americanbanker.com/conferences/cfsi/. For more information about Core, please visit: http://www.corevc.com.

About EMERGE: The Forum on Consumer Financial Services Innovation:

EMERGE brings together over 700 leaders and innovators transforming the financial services industry—bank and credit union executives, federal and state policymakers, technology entrepreneurs, nonprofit providers, consumer advocates, retailers, and investors. Through case studies, interactive sessions, and tracks organized around specific consumer behaviors, the EMERGE agenda brings consumer data and stories to life. With a proven history of building new connections and spotlighting the most innovative trends, attendees get the latest information and the cutting-edge strategies they need to build profitable solutions that actively contribute to the financial health of consumers. To register, visit http://www.americanbanker.com/conferences/cfsi/ and join the conversation at #EMERGECFSI.

About Core Innovation Capital:

Core Innovation Capital is a leading investor in financial technologies serving the Emerging Middle Class, the 80 million Americans that generate over $1 trillion in annual income and spend more than $89 billion in fees and interest on financial services. Core partners with proven entrepreneurs and invests in disruptive financial technologies that measurably improve the lives of the Emerging Middle Class. The Core Impact Alignment investment thesis leverages social impact to create above-market financial return. For more information about Core Innovation Capital, visit www.corevc.com or follow @CoreEMC.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"WineSOFT is a software company making proxy server software, which is widely used in the telecommunication industry or the content delivery networks or e-commerce," explained Jonathan Ahn, COO of WineSOFT, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D