SuiteBox Wins “Best Technology” at Melbourne Showcase; Dunbar Advances to CEO


Just a month after naming Ian Dunbar as its new CEO, Australian virtual workspace innovator, SuiteBox has won “Best Technology” at the Melbourne Showcase.

Marc Evans, co-founder of Showcase sponsor Afiniation and a judge at the event, praised SuiteBox as a “clean and simple solution that shows how technology can continue to innovate and improve how we connect with our clients.”

Afiniation is a network dedicated to supporting fintech innovation in the Australasia region. Thirty companies participated in this year’s Showcase in Melbourne, held earlier this month. Among the event’s sponsors is Finovate and FinDEVr alum, Yodlee.


Also taking home top honors from the Showcase were:

  • Best in Show: Macrovue
  • Best New Entrant – Billsumo
  • Best Disruptor – XTB

The Melbourne Showcase isn’t the first time SuiteBox had been in the winner’s circle this year. The company won the Global 2016 Mobile category of the KPMG Fintech Innovation Challenge in February ahead of its FinovateEurope debut.

Also making headlines for the company is Ian Dunbar’s move from Country Manager to CEO of SuiteBox. Co-founder and CEO Richard Mannell will stay on with SuiteBox as the company’s new Chief Operating Officer. Talking about the leadership change, Dunbar said it reflected “the positioning of SuiteBox as a global provider of solutions to the financial services industry.”

Founded in 2013 and headquartered in Auckland, New Zealand, SuiteBox demonstrated its technology at FinovateEurope 2013. The company’s technology is used by more than 250 financial services companies in Australia and New Zealand. And while Australia represents most of SuiteBox’s growth, Dunbar sees room for “rapid expansion” in the country, as well as pursuing new markets. Read more about SuiteBox’s virtual meeting rooms for financial professionals.

Boku to Power Carrier Billing for Spotify in Germany and Italy


San Francisco-based Boku has formed a partnership with Spotify to facilitate carrier billing in Germany and Italy for the music streaming company. The agreement includes every major carrier in Germany and one of the leading Italian MNOs.

The two companies have already teamed up in the UK, and this is the first extension of that partnership. The recent geographical expansion now offers 90 million mobile subscribers across Europe the ability to pay for Spotify Premium subscriptions using only their mobile phone number.

In a press release announcing the expansion, Boku CEO Jon Prideaux spoke to the success Boku has had thus far in Europe, stating:

“In the UK, the default payment method for new Spotify users has changed from credit card to carrier billing… These new carrier agreements across Europe not only speaks to the global appeal of Spotify’s streaming music service, but also the growing appeal of carrier billing for Europeans as a payment method that can now be implemented as a stored payment method in the exact same manner as a credit card.”


Boku’s Checkout offers customers the option of paying via carrier billing at the online point-of-sale (see example above). The company works with 300+ mobile operators in 60+ countries and demoed its mobile payment service at FinovateEurope 2011 in London.

Kony Appoints Former IBM CTO as its New CTO


Mobile app specialist Kony announced yesterday it has brought on Bill Bodin as CTO.

Prior to his new appointment, Bodin worked for nine years as CTO for IBM’s Mobile Computing CIO group. Throughout his 27 year career at IBM, Bodin served as a programmer, a senior technical staff member, and was recognized as a Distinguished Engineer and Master Inventor at the company.

Bodin holds many patents and is the creator of multiple technical developments at IBM:

  • Creator and thought leader for IBM Catalyst, a mobile development accelerator framework
  • Led in the developemnt of WhirlWind, IBM’s first Enterprise Mobile App Store
  • Led in the creation of n.Fluent, IBM’s text translation service
  • Led as chief architecht for Media Library

In a press release, Dave Shirk, president of products, strategy and marketing at Kony describes Bodin as, “an extremely well-respected technology visionary leader with an incredible reputation and depth of knowledge and expertise in the enterprise mobility space.”

Kony’s solutions enables banks to design and develop and visualize device agnostic applications deployed across multiple channels. Earlier this month, the Florida-based company partnered with Cognizant, which will integrate Kony’s mobile app design capabilities into its offerings. In July of 2015, Kony released the newest version of MobileFabric 6.5 which enables developers to use any open framework to build applications.

At FinovateFall 2011, Kony debuted its commercial banking suite.

Finovate Alumni News


  • Kony Appoints Former IBM CTO as its New CTO.
  • Boku to Power Carrier Billing for Spotify in Germany and Italy.

Around the web:

  • IBM announces a new set of blockchain services running on IBM Cloud and Docker.
  • PYMNTS interviews Hyperwallet CEO Brent Warrington.
  • Forbes features how Student Loan Genius is revolutionizing the student loan industry.

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.

Infosys Launches EdgeVerve Blockchain Framework


This week, technology and consulting giant Infosys announced its subsidiary EdgeVerve Systems launched a blockchain offering for banks called the EdgeVerve Blockchain Framework.

The new framework is a distributed, permissioned ledger that empowers banks to offer a variety of blockchain-based applications, including:

  • Asset transfer
  • Analytics
  • Administrative
  • Security
  • Smart contracts

The company’s promotional video describes its plans for the new solution:

The Blockchain Framework has three main attributes:

  1. Distributed & permissioned: this minimizes transaction costs and improves data sharing in a secure environment
  2. Asset agnostic: allows businesses to store and transfer a variety of assets on a single network
  3. Extensible: an API layer lets banks develop and deploy their own blockchain solutions

Infosys was founded in 1981 and serves 450 million customers in 84 countries. At FinovateEurope 2016, the Bangalore-based company debuted Finacle Youth Banking. At FinDEVr New York earlier this year the company’s subsidiary, EdgeVerve, presented how REST APIs are changing core banking.

FinovateSpring Sneak Peek: Silver6


FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Silver6 is a financial video platform that helps companies deliver custom tailored communication to their audience by using Video Personalization. Videos are completely unique to each recipient.


  • Engage your audience with video content customized to them
  • Track the video, and use heat maps to determine what portion was viewed the most
  • Create unique video content on a large scale

Why it’s great:
After the baseline videos are created, the process requires very little time and effort. You can create and deliver thousands of customized videos, with next to no work involved.


Brock Traetow, COO
Traetow has spent many years working for both large and small digital media companies. He has a wide variety of expertise in lead generation, content marketing, and analytics.

Sudheer Pamuru, CTO
Pamuru has spent over 20 years leading and architecting a wide variety of technology projects and companies. The last 10 years has been specific to working with video platforms.

FinovateSpring Sneak Peek: Sezzle


FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Sezzle Pay is making it easy for online merchants to accept low cost ACH payments. We combine bank authentication technology with time-tested ACH to enable instant ACH transactions.


  • A new ability for merchants to accept low cost, easy-to-use ACH payments
  • Rewards for end users to increase utilization
  • Simplicity for end users to improve the payment experience

Why it’s great:
What they are seeing today with Sezzle is going to be the future of payments. The physical payment card will become a relic of the past, and Sezzle will be a larger part of our cardless future.


Charlie Youakim, CEO 
Youakim is CEO and founder of Sezzle, as well as founder and former co-CEO of Passport. He is engineering and business educated, using love of tech, strategy, and marketing to build great companies.

FinovateSpring Sneak Peek: Roostify


FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Roostify simplifies and accelerates the home lending experience.


  • Automated mortgage approval
  • An integrated borrower/lender/real estate agent experience
  • Consumer self-serve capability in the closing process

Why it’s great:
You can give your borrowers a lending experience that’s fast, easy, and something they’re actually excited to tell their friends about.


Roostify_NathanielSokollWardNathaniel Sokoll-Ward, Head of Product 
Sokoll-Ward is an ex-Google consumer tech veteran taking on broken financial transactions.



Roostify_JonathanKirstJonathan Kirst, CTO
Kirst is an ex-Salesforce engineering maven taking on broken financial transactions.


FinovateSpring Sneak Peek: Malauzai Software


FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Malauzai Software will show its latest mobile offering, MOX Pay, a set of mobile wallet apps for small businesses, powered by community financial institutions.


  • Empower small businesses to publish affordable payment-centric mobile apps
  • Help local businesses get paid faster and cheaper
  • Use existing technologies and services in new ways

Why it’s great:
It offers mobile wallet apps for small businesses, powered by community banks and credit unions.


Robb Gaynor, Co-founder, Chief Product Officer
Gaynor is chief product officer and co-founder of Malauzai Software Inc., a provider of mobile and Internet banking SmartApps for community financial institutions.

Blake Pelletier, SVP, Chief Information Officer & Chief Information Security Officer, Redding Bank of Commerce

Malauzai_DanielPiangerelliDanny Piangerelli, Co-founder and CTO
Piangerelli leads the technology team and is responsible for all aspects of Malauzai’s technology infrastructure.

SumUp Announces Merger with Payleven


The merger between mPOS innovators SumUp and payleven announced this week will create a new giant in the industry that processes more than €1 billion a year in 15 countries.

Founder and CEO of SumUp Daniel Klein called the deal a “game-changer for the mobile payments industry” and a major move toward his vision of building the “first ever global card acceptance brand.” payleven co-founder Konstantin Wolff referred to SumUP and payleven as “two complimentary teams sharing the same vision” and said the merger would produce a company that is “larger and more powerful than the sum of its parts.” The combined entity will operate as SumUp.


Pictured (left to right): Stefan Jeschonnek (CMO and co-founder) and Florian Richter (Country Manager UK) demonstrating SumUp at FinovateEurope 2013 in London.

SumUp’s proprietary end-to-end EMV technology, hardware terminal, and mobile apps enable merchants to accept both credit and debit card transactions with a smartphone or tablet. Certification with Europay, MasterCard, and Visa ensures a high-level of payment security and has enabled the company to serve merchants in 15 countries such as Brazil, Sweden and, as of last October, the U.S. SumUp’s investors include American Express, BBVA Ventures, Groupon, Venture Incubator AG – all participants of the company’s most recent fundraising last August. Founded in August 2011 and headquartered in Dublin, Ireland, SumUp demonstrated its technology at FinovateEurope 2013.

payleven’s Bluetooth-powered card readers help SMEs process credit and debit card payments. Founded in 2012, the Berlin-based company raised more than $25 million in funding, including a $10 million Series D round in February.