Daon Brings Mobile Biometric Authentication to UnionBank


EON, the new digital banking platform from UnionBank of the Philippines, will feature mobile biometric authentication technology from Daon. The company’s solution, Identity X, will enable EON mobile app users to login using fingerprint and face authentication initially, with other authentication options including voice recognition to be available later.

“As banks embark on their digital transformation journey they need strong authentication that doesn’t sacrifice the user experience,” Daon CEO Tom Grissen said, “and that is exactly what biometrics provide, a convenient, easy and secure alternative to passwords.” EON Head Advocate Paolo Baltao called Daon a “global leader in large-scale authentication deployments” in financial services. He credited the company for helping “make banking delightful, adding that “with Daon’s Identity X Platform, EON introduced the first ever Selfie Banking in the Philippines.”


Pictured: Daon President of the Americas Conor White demonstrating the biometric authentication platform, Identity X at FinovateFall 2016.

Headquartered in Reston, Virginia, Daon demonstrated its Identity X platform at FinovateFall 2016. The company offers a variety of biometric authentication solutions including face, voice, and fingerprint in combination with device binding and geolocation. Daon’s “innovate while you authenticate” approach enables clients to add new biometric authentication technologies to their cyberdefense arsenal as they become available. This helps ensure a modern, state-of-the-art authentication regime over multiple channels for the institution and a seamless verification experience for the end user.

Daon was featured in ABA Banking Journal’s look at biometric authentication in January, and in September, the month of its Finovate debut, the company announced that Sumitomo Mitsui Financial Group (SMFG) would deploy Daon’s biometric authentication platform. Check out our Finovate Debut profile of Daon from December.

With assets of more than $8 billion USD (440 billion Philippine pesos), UnionBank of the Philippines was founded in Manila in 1982 and is one of the country’s largest banks. UnionBank has been a publicly-traded firms on the Philippine Stock Exchange since 1992, the year it was granted a license to operates as a universal bank. The bank is credited for being an online banking pioneer in the Philippines, having launched the first bank website in the Philippines, as well as the first digital savings account with its EON program. UnionBank was recognized as Commercial Bank of the Year and Best Innovation in Retail Banking by the International Banker.

Finovate Alumni News

On Finovate.com

  • Daon Brings Mobile Biometric Authentication to UnionBank.
  • A Look at the Savings Tech Horizon: Standalone, Automated Savings with Dyme and Digit.
  • A Look at the Savings Tech Horizon: Gen-Z Targeted with Worldline and FamZoo.

Around the web

  • TradeShift announces new AI-powered interface for B2B commerce, Tradeshift Ada.
  • MasterCard introduces new fraud detection solution, Decision Intelligence.
  • Co-op Financial Services to leverage machine learning-based fraud fighting technology from Feedzai.
  • TickSmith partners with DataBP to bring integrated financial data solutions to exchanges.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Twitter Talk from FinDEVr 2017 New York

Twitterlogo_lightblueFinDEVr New York may be done. But with FinDEVr London only a few months away, we’re already looking forward to seeing what the international developer community is doing to drive innovation in financial technology.

This year in New York, our two-day developers conference took user experience to new levels – and we’re not just talking about the state-of-the-art virtual reality sessions available for sampling at our FinDEVr Gaming Zone, either. Our partnership with Slido enabled us to bring the wisdom and curiousity of the crowd to life with a digital, Q&A display that kept everyone in the conversation. And, of course, Twitter continues to be one of our favorite ways to hear from our attending audience on what’s hot, what’s cool, and sometimes simply what’s what.


To celebrate our appreciation for our Tweeting developer community at FinDEVr, we offered a pair of awards: Most Active Tweeter and Best Use of #FinDEVr. Our top tweeters were awarded one of a number of prizes such as a miniature drone or a Chromecast – as well as the admiration of their fellow FinDEVr fans on social media.

Now let’s relive a little of that social media magic from FinDEVr 2017 New York.



















We hope you had as much fun at FinDEVr New York as we did. And if our New York event only whetted your appetite for the tech side of fintech, remember that the debut of our developers conference in London is right around the corner in June. Visit our FinDEVr London page to get an early look at the growing line-up of presenting companies.

Finovate Alumni News

On Finovate.com:

  • Twitter Talk from FinDEVr 2017 New York.

Around the web

  • FinDEVr New York newcomer Fiserv announces enhancements to its real-time, loan servicing solution, LoanServ.
  • Credit Donkey lists StockTwits, TradeKing, SigFig, DriveWealth, and Personal Capital among its Best Investing Apps of 2017.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub. Video of IBM’s FinDEVr 2017 New York presentation last week will available soon in our video archives.
  • PYMNTS.com looks at speculation that Kabbage may acquire OnDeck.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On FinDEVr.com

Around the web

  • PaySimple unveils new Service Point of Sale (sPOS) platform.
  • NY State Department of Financial Services to allow Coinbase to offer Ethereum and Litecoin to customers in New York.
  • Backbase to locate new R&D center in Cardiff, Wales.
  • Revolut announces £4 million crowdfunding investment round and launch of subscription service.
  • Scalable Capital founder and CEO Adam French earns spot on 2017 PAM Top 40 Under 40 roster.
  • Innovate Finance names Nous Global Markets, Moxtra, and Qumram as finalists in its Pitch360 fintech startup competition.
  • WePay customers can now use Apple Pay on the Web and Google’s Android Pay on the Web for increased revenue generation.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

The Favorites of FinDEVr 2017 New York


FinDEVr  2017 New York is in the books. Our second developers conference in New York was a great opportunity to take a look at some of the technologies that continue to drive fintech innovation forward. As always, we asked our attendees to tell us which companies and technologies were best positioned to make the greatest impact on the financial services industry in terms of providing greater security, increased efficiency, and a better user experience for consumers. Here is what our attendees had to say:

Favorite FinDEVr Debut

  • HackerOne for its bug bounty and vulnerability platform that leverages the talent of trusted hackers to improve the online security of organizations and institutions ranging from Twitter and Uber to Qualcomm  and the U.S. Department of Defense.

Favorite FinDEVr Alum

  • Quovo and SoFi for their partnership that shows how an easy-to-use authentication API provides security to accounts at more than 200+ FIs while improving and streamlining the user experience.

Day One Attendee Favorite

  • MapD for its database and visualization layer that transforms Big Data into immersive, instantaneous, and actionable analytics.

Day Two Attendee Favorite

  • Prevoty for its insight into the way embedded, runtime security enables cybersecurity professionals to provide an additional layer of defense against vulnerabilities and fraudulent behavior.

Favorite Established Company

  • BlueMetal for its virtual agents, natural language processing, and conversational UX that transforms the nature of customer engagement in financial services.

Favorite Startup Company

  • Modelshop for its analytic decision platform that enhances the loan origination, portfolio optimization, and fraud prevention processes for both FIs and consumers.

Media Favorite

  • Vantiv for its cloud-based payment app that removes the complexity from financial transactions for both developers and merchants.

Our thanks to our presenting companies, sponsors, partners, and all of you who attended our second developers conference this year in New York. The excitement and enthusiasm for our events only makes us that much more excited for our upcoming FinDEVr debut in London, England in June. If you’re in the U.K. and looking for more insight into the technological side of the fintech ecosystem, then FinDEVr London is the place to be June 12th and 13th. Visit our FinDEVr London 2017 page for more information.

Finovate Alumni News

Around the web

  • Fenergo adds 200 new jobs to support global growth, taking worldwide employee count to 500.
  • ACI Worldwide to provide AML compliance for bitcoin payments courtesy of new partnership with Payment21.
  • OnDeck adds former Morgan Stanley exec to its board.
  • TechCrunch: Coinbase has added margin trading to its bitcoin exchange.
  • Market Exclusive: Paypal Is Winning Person-to-Person Payments War

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr New York 2017: Welcome to Day Two


Day One of FinDEVr New York 2017 is in the books – and what a great start to our second developers conference! From APIs, bug bounties, and card-linking to payments, risk management, and smart contracts, the first day of FinDEVr New York was a testament to the technology that continues to drive fintech innovation forward.

And that makes us all the more excited for what we’ll see on Wednesday. Day Two will feature more than a dozen presentations from a diverse array of fintech companies. But we’ll also announce the winners of our FinDEVr Favorite Awards, including Crowd and Media Favorites, Favorite Debut, Startup, Established Company, and Alum. So be sure to join us Wednesday morning at the Metropolitan Pavilion to check out the presentations, meet the presenters, and make your preferences known.

Here’s the agenda for Wednesday.

Session 1: 9:30am – 10:35am

Networking and Coffee Break: 10:35am – 11:00am

Session 2: 11:00am – 12:20pm

Buffet Lunch: 12:20pm – 1:20pm

Session 3: 1:20pm – 2:40pm

Networking and Coffee Break: 2:40pm – 3:05pm

Session 4:  3:05pm – 4:45pm

Networking and Open Bar with Appetizers: 4:45pm – 6:00pm

We hope you had as much fun at Day One of FinDEVr New York as we did. So grab your badge and a handful of business cards and we’ll see you bright and early Wednesday morning for Day Two.

Celebrate the Start of Spring with the Return of FinDEVr New York


FinDEVr New York 2017 begins tomorrow, Tuesday, March 21st. And after the successful launch of FinDEVr New York last year, we can’t wait to see what this year’s collection of developers, engineers, and technologists have in store for us.

FinDEVr is a bicoastal affair, with conferences in Silicon Valley in the fall and New York in the spring. And this year, much the same can be said of our presenters. As our FinDEVr New York 2017 presenter map below reveals, the majority of this year’s presenters hail from either California on the west coast or from any one of a number of locations from as far north as New York City to as far south as Florida on the east coast.

FDNY Presenter Map-01

And this takes nothing away from the legions of talented fintech developers innovating in places as diverse as Utah and Wisconsin, Missouri and Ohio, Washington state and Georgia. From companies and startups large and small, we’re looking forward to two days of unique insights into the way some of our most talented developers, engineers, and CTOs put the “tech” in fintech.

So to help you make the most of FinDEVr NewYork, here are a few notes and things to keep in mind:

  • Who and What? You – and maybe a colleague or two – joining dozens of companies for two days of high-level, code-friendly demonstrations and presentations on the key technologies driving fintech innovation today. If you haven’t picked up your ticket, visit our registration page and save your spot. But before you buy, be sure to use the promo code “FinDEVrBlog” and save 10% off the ticket price.
  • When and Where? This year, FinDEVr New York 2017 will be held at the Metropolitan Pavilion on West 18th Street.
  • How and Why? To learn a little bit more about the companies that will be presenting on stage Tuesday and Wednesday as well as the technologies they specialize in, check out our FinDEVr New York 2017 Preview series.

We’re excited for FinDEVr New York 2017 and hope to see you there. If you’ve got any questions about the event, please check the FAQ section of the FinDEVr New York website or contact us at newyork@findevr.com.

FinDEVr New York 2017 is sponsored by Google Cloud and Box.

FinDEVr New York 2017 is partnered with American Banker, BayPay Forum,BiometricUpdate.com, Breaking Banks, Byte Academy, Canadian Trade Commissioner Service,Celent, CIOReview, Cointelegraph, Colloquy, CooperPress, Distributed, Economic Journal,Empire Startups, Femtech Leaders, Finmaps, Fintech Finance, Harrington Starr, Level39,Mercator Advisory Group, The Paypers, Plug and Play Tech Center,SecuritySolutionsWatch.com, Swiss Finance + Technology Association, and Women Who Code.

Sentifi Brings Market Insights from Social Media to Bombay Stock Exchange


Courtesy of a new partnership with the Bombay Stock Exchange, Sentifi will begin providing Asia’s first (“and fastest”) stock exchange with social media updates on 40,000 stocks, currencies, and commodities from around the world. The updates will be available on the Bombay Stock Exchange website and will include a ranking of the most widely-discussed stocks, a longitudinal comparison between market attention and stock price, “most relevant and influential voices,’ trends driving market attention, and more. The goal is to make it easier for investors to take advantage of the most relevant information and market sentiment data available on social media while at the same time avoiding “information overflow.”


Pictured: Sentifi founder and CEO Andres Bally demonstrating Sentifi Alerts at FinovateEurope 2017 in London.

Explaining his company’s technology, Sentifi founder and CEO Andres Bally said “With an AI-based technology platform built over the past four years, Sentifi extracts insights of billions of (data points) while at the same time reduces this information to a summary of a handful (of) events and pattern events driving market attention and (the) valuation of stocks.” Bally credited the combination of the “social media sharing culture” with big data and self-learning algorithms for making technology like Sentifi’s possible, adding that “the financial information market is in a paradigm shift providing a better understanding of market attention and financial value drivers than ever before.”

Founded in 2012 and headquartered in Zurich, Switzerland, Sentifi demonstrated Sentifi Alerts at FinovateEurope 2017, and unveiled its MySentifi ecosystem last fall at FinovateAsia 2016 in Hong Kong. Winner of the Swiss Fintech Award in 2016, Sentifi has raised more than $7 million in funding from private investors in New York, Hong Kong, and Singapore, as well as the company’s native Switzerland.