Join FinDEVr New York’s Impressive Audience — Save On Tickets Through Friday

FDNY17_EventLogo_v1(wdate)

This March, dozens of startup and established organizations will take the stage with fintech tools in hand at FinDEVr New York. Over two days, their CTOs, VPs of engineering, software architects, and development teams will showcase the APIs, SDKs, platforms, cloud services and other technology dominating the financial and banking industries.

Not only is this conference a chance for you to see what’s new and expand how you’re innovating, it’s also an opportunity to learn from and collaborate with your tech-savvy colleagues and stretch yours skills.

As the only event focused on the tech of fintech, FinDEVr brings together a unique combination of people and ideas. Of the more than 400 technologists who will be in the room, an impressive audience is coming together:

  • Software Solutions Architect – Alliant Credit Union
  • Sr. Product Manager – Amazon
  • VP Software Development – BillTrust
  • Reporter – Bloomberg
  • Finance Reporter – Business Insider
  • Sr. Director, Software Engineering – Capital One
  • Analyst – Celent
  • VP, Product Development – Deluxe Corp.
  • Developer Evangelism – Envestnet/Yodlee
  • Sr. Manager – Hitachi Consulting
  • Research Director – IDC Financial Insights
  • Developer – Mantigma
  • CTO – Matrix Applications
  • Reporter – Mergermarket
  • CTO – Metropolitan Commercial Bank
  • Sr. Technology Manager – Mizuho Bank
  • Managing IT Director – Mizuho Securities
  • Editor – Money Crashers
  • Software Developer – Pied Piper
  • Senior VP Operations – Polish National Credit Union
  • CTO – Prodigy Finance
  • Developer Lead – Prudential
  • IT Consultant – PwC
  • Head of IT Department – QIWI Bank
  • CIO – TBC Bank
  • COO – TeamBank
  • Sr. Writer – The Wall Street Journal
  • CTO – Thinking Capital
  • CTO – Trade It
  • CIO – Zapp Systems

Buy your ticket and join them. Early-bird tickets are on sale through this Friday, January 20, after which prices increase by $200. Save money, save your seat, register today.


FinDEVr New York 2017 is partnered with BayPay Forum, BiometricUpdate.com, Byte Academy, Canadian Trade Commissioner Service, Celent, Cointelegraph, Colloquy, Distributed, Empire Startups, Finmaps, Fintech Finance, Harrington Starr, Mercator Advisory Group, The Paypers, SecuritySolutionsWatch.com, Swiss Finance + Technology Association, and Women Who Code.

FinovateEurope Sneak Peek: Jumio

Screen Shot 2017-01-17 at 1.46.02 PM

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Jumio’s Netverify offers the ability to accurately capture and verify utility bills and bank statements for proof of address purposes, as intended by the EU AML directives.

Features

  • Mobile or web data extraction of utility bills and bank statements
  • Meets European KYC requirements
  • Secure and easy way to establish proof of residence

Why it’s great
Jumio’s Netverify trusted identity solution now includes Document Verification. Scan utility bills, or other proof of residence, along with bank statements to assure KYC compliance.

PresentersScreen Shot 2017-01-17 at 1.54.49 PM

Philipp Pointner, VP Product
Pointner serves as Jumio’s VP product and facilitates Jumio’s product strategy. With his team of product managers and designers, he turns visions into products.
LinkedIn

John McIntosh, Senior Sales EngineerScreen Shot 2017-01-17 at 1.54.58 PM
McIntosh is the senior sales engineer for Jumio. He has a 15-year history working in fraud, risk, and finance.
LinkedIn

FinovateEurope Sneak Peek: Swaper

Screen Shot 2017-01-17 at 1.28.07 PM

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Swaper’s P2P marketplace offers an easy way to invest in pre-funded loans just by one click and earn premium returns (12% to 14%) on both web and mobile interfaces.

Features

  • Invest in a predefined portfolio with just one click using its mobile app
  • Have full online control of investments
  • Receive a buyback guarantee for all loans, 12% to 14% interest

Why it’s great
Bank deposits are out-of-date. It offers an accessible and understandable platform for investments for everyone, without the need of special knowledge and experience in investments.

PresentersScreen Shot 2017-01-17 at 1.26.16 PM

Iveta Brūvele, CEO
Brūvele is the founder of Swaper and its parent company Wandoo Finance Group. She has more than 10 years experience in financial services.
LinkedIn

Elīna Rasmane, COOScreen Shot 2017-01-17 at 1.26.28 PM
Rasmane has an extensive experience working as head of product management and business architect in consumer finance and investments.
LinkedIn

FinovateEurope Sneak Peek: FinTecSystems

Screen Shot 2017-01-17 at 12.49.00 PM

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

FinTecSystems provides financial institutions such as banks with real-time financial data analysis that creates an accurate overview of a consumer’s financial situation and creditworthiness.

Features

  • The loan application process is reduced from weeks to minutes
  • Information is gathered from online banking accounts
  • The system identifies and categorizes the transaction history of the consumer in real-time

Why it’s great
Its powerful solution demonstrates that the digital transformation in the banking sector only works if both banks and fintechs cooperate and benefit from each other.

PresentersScreen Shot 2017-01-17 at 12.59.14 PM

Martin Schmid, Chief Sales Officer
Schmid is former director commercial operations DACH for Klarna/SOFORT. He successfully established distinctive inside sales profit center and processed more than 35,000 merchant acquisitions.
LinkedIn

Maximilian Ebernhardt, Manager Business DevelopmentScreen Shot 2017-01-17 at 12.59.25 PM
After studies of economics, sociology, and linguistics Ebernhardt worked as a headhunter performing executive search for financial services. Ebernhardt is now responsible for business development.
LinkedIn

FinovateEurope Sneak Peek: Configo

Screen Shot 2017-01-17 at 12.30.59 PM

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Configo Live Experience Platform provides mobile product and marketing leaders with a quick and efficient way to deliver rich, personalized and engaging digital banking experiences.

Features

  • Deliver relevant digital experiences in context
  • Cut down the time-to-market, manage your apps without involving the R&D
  • Friction-less integration with any mobile or web platform

Why it’s great
By using Configo, product and marketing leaders can convert interactions to relevant engagement and achieve business goals. You need Configo – because one experience doesn’t fit all.

PresentersScreen Shot 2017-01-17 at 12.39.42 PM

Yosi Dahan, Co-founder & CEO
Dahan has more than 8 years of experience in developing mobile-centric platforms and information security. Dahan sold his first mobile app when he was 16 and he is a certified CISO.
LinkedIn

Screen Shot 2017-01-17 at 12.40.10 PMNatan Abramov, Co-founder & CTO
Abramov brings more than 8 years of experience in R&D. He leads the technology team and is responsible for all aspects of Configo’s technology strategy and infrastructure.
LinkedIn

Finovate Alumni News

On Finovate.com

Around the web

  • First Oklahoma FCU to deploy core account processing technology from Fiserv.
  • Yoyo unveils marketing automation platform, Yoyo Engage, at Davos.
  • Misys adds crowdlending module to FusionBanking platform.
  • United Nations FCU chooses digital banking platform from Jwaala.
  • OnDeck and payment solutions provider WEX team up to provide small business financing.
  • ABA Banking Journal column on biometric authentication features Daon and EyeVerify.

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.

Arxan Acquires Apperian

Screen Shot 2017-01-12 at 9.50.02 AM

Application security company Arxan announced this week it has acquired Apperian. The mobile application management company will operate as a subsidiary of Arxan. Terms of the deal were not disclosed.

Apperian was founded in 2009 and has enabled 2.5 million enterprise app installations. In the past two years, the company has seen its user base grow 180%. Apperian executive Mark Lorion will become president and general manager of the new subsidiary. Lorion stated he is excited about the transition, since the companies share an “app-centric philosophy.”

In a press release Arxan CEO Joe Sander describes Apperian’s security capabilities as “pivotal for organizations to securely deploy and manage their apps.” Arxan launched in 2001 to prevent attacks and protect products for mobile, desktop, server and IoT.

Arxan is an alum of both Finovate and FinDEVr, having demoed at FinovateEurope 2014 where it debuted mobile application hardening technology that uses object code to lock down applications. The company also presented at FinDEVr Silicon Valley 2015 where CTO Sam Rehman presented on protecting apps and data from emerging risks. Arxan currently protects applications running on more than 500 million devices. Last month, the company closed out the year by winning a total of six IoT security awards.

CR2 Unveils New CEO and CFO

CR2_homepage_January2017

In what might be the freshest start to a new year for any fintech in 2017, banking software innovator CR2 has announced two major changes at the top. Fintan Byrne, formerly General Manager for Europe with MasterCard Payment Gateway Services, will take the helm as the company’s new Chief Executive Officer. Paul Geraghty, previously CFO at Curam Software for IBM, joins CR2 as Chief Financial Officer.

CR2_FintanByrenCR2 Chairman Kieran Nagle praised both executives’ “strong track records and weighty experience within the financial services and financial technology sector.” In addition to his tenure at Mastercard, Byrne (pictured) previously served as Managing Director, General Manager, Europe; and VP Sales, UK and Ireland for Transaction Network Services. He also spent five years in sales and marketing at NCR. Byrne has degrees from Marist College and University of Limerick, as well as an MBA from the University College Dublin.

“I can see both the strength and potential within (CR2),” Byrne said, “and will focus on developing the business to meet the needs of both existing and new customers as banks look to serve their customers in the digital world.”

Geraghty spent more than 11 years at Curam Software as Financial Controller and Operations Manager before the company was acquired by IBM in 2011. For the past three and a half years as Curam Software’s CFO within IBM, Geraghty was responsible for financial and business strategy, as well as developing analytics resources to help articulate financial performance. Geraghty studied at Dublin Business School and earned advanced degrees from Trinity College, Dublin. In a statement announcing his move to CR2, he pledged to bring a “fresh perspective” to the 20-year old company “as it continues through this exciting time of growth and change.”

Founded in 1997 and headquartered in Dublin, Ireland, CR2 demonstrated its BankWorld Money Voucher at FinovateFall 2014. The company unveiled its next-generation ATM software, BankWorld ATM Client 5 and BankWorld Studio last fall, and announced a number of deployments of its technology including at Botswana Savings Bank and Nigeria’s Diamond Bank. CR2 introduced a new logo and corporate identity almost a year ago last February.

Categories: CR2

Finovate Alumni News

On Finovate.com

Around the Web

  • Technology from Modo Payments supports new loyalty point POS payment partnership between FIS and Verifone.
  • CurrencyFair unveils new SMS/push notifications feature for deposits and auto transactions.
  • RightCapital enhances platform to make compliance with DOL fiduciary rule easier.
  • FIS earns top honors in Bank Director’s Core Provider and Asia Risk Technology rankings.
  • Marc Thompson joins PaySimple as Chief Financial Officer.
  • Token partners with VirtusaPolaris, information technology consulting and outsourcing company.
  • M1 Finance rolls out retirement account functionality.
  • CUNA Strategic Services partners with Kasasa to provide credit unions with products and services to stay competitive.

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.

Fintech Trending: Blockchain Building Blocks for 2017

Photo via Good Free Photos
Photo via Good Free Photos

What blockchain trends from 2016 are worth watching for follow-through in 2017? Here are five blockchain players to keep an eye on as the new year begins.

IBM: Something Old, Something New, Something Blue

It is remarkable that a company that is more than 100 years old (“International Business Machines”) is one of the leading innovators when it comes to the blockchain. But IBM (FD16) began 2016 by introducing its strategy to offer cloud-based products and services for business via blockchain technology. IBM’s “blockchain-as-a-service” strategy incorporates many of the company’s core technology projects including its Watson Internet of Things platform and its development lab, Bluemix Garage – as well as its core IT system for global banks, IBM z System. IBM’s blockchain strategy also includes its participation in the open source, Linux-driven Hyperledger Project (demonstrated at FinDEVr). Just this week, a commodity trading and agribusiness software provider, The Seam, that has “cleared or processed” $7 billion, announced it would be joining IBM’s blockchain consortium.

Blockchain_IBM

IBM is not the only major technology company to pursue the blockchain-as-a-service model. Microsoft, which launched a blockchain sandbox in October 2015, partnered with Ethereum collective, ConsenSys to give its enterprise clients access to an Ethereum blockchain-as-a-service network. This will enable business users of Microsoft’s Azure to easily build and deploy “private and semi-private or consortium blockchain networks.” Note also that Microsoft partnered with AMIS to launch Asia’s first blockchain consortium in December.

That said, IBM distinguishes itself from Microsoft’s efforts by being fairly IBM-centric in its offering. Jerry Cuomo, IBM VP of blockchain technology, told CoinDesk: “What we’re doing is we’re picking a specific fabric and a specific point of view. We’re not interested in any fabric,” Cuomo explained, “we’re interested in one that can support business applications. We’re a bit more opinionated on what fabric is needed.”

International Business Machines, indeed.

And when it comes to ascertaining the appetite for blockchain, IBM has done its homework. In a survey of 200 banks, IBM learned that 65% of respondents “plan to have projects in production” in the next three years. Areas of focus include clearing and settlement, wholesale payments, equity and debt issuance, and reference data. Respondents to a different survey of 200 global FIs revealed that 14% planned to deploy commercial blockchain products in 2017.

Ripple Rolls On with Big Investment, New CEO

Among blockchain startups, Ripple (FS13) has been a key player in helping FIs leverage its technology to build blockchain networks. The company announced a partnership with leading corporate Nordic bank SEB late in 2016 to build an “internal, closed blockchain” that will enable the bank to transfer money in real time between accounts in New York and Stockholm. Ripple is also involved in India’s Axis Bank and it plans to use Ripple’s network for real-time settlement of cross-border transactions.

Blockchain_Ripple

2016 was a major year for Ripple. The company announced a number of new additions – including Santander, UBS, CIBC, and Standard Chartered – to its global network. Ripple’s network now includes 15 of the top 50 global banks as well as “10 banks in commercial deal phases, and over 30 bank pilots completed.” Ripple’s digital currency, XRP, was part of blockchain consortium, R3’s 12-bank cross-border payments trial in October. The company picked up $55 million in Series B funding in September, taking Ripple’s total capital to more than $93 million. Ripple also appointed a new CEO, Brad Garlinghouse, who has previously served as the company’s president and COO.

“The continued growth of the Ripple network represents a major endorsement of our open approach to connecting the world’s bank and their customers,” Ripple co-founder and former CEO Chris Larsen said. Larsen, who will transition to the role of Ripple chairman of the board at the beginning of 2017, added: “Together we are building a modern payments system to enable new economic opportunities and the seamless flow of value around the world.”

R3: Are Blockchain-Curious Banks Stronger Together?

One way to measure the progress of blockchain technology is by keeping track of the comings (and goings) of members of R3, the world’s largest blockchain-based cooperative. Founded in 2014 and with more than 70 of the world’s largest FIs onboard, R3 is designed to conduct research on and promote the use of blockchain technology in financial services. R3’s biggest contribution to date is Corda, an open-source distributed ledger platform that, while maintaining many of the characteristics of blockchain technology, is not – technically speaking – a blockchain.

Blockchain_R3

Unfortunately, many of the headlines R3 made in 2016 involved a handful of founding members – including Morgan Stanley, Santander, and Goldman Sachs – leaving the cooperative. Specific reasons for leaving the group were typically not provided, though each bank made it clear that the decision was not a reflection on their interest in blockchain technology. Many observers have speculated that the timing of the departures was related to issues surrounding R3’s fundraising efforts, as well as concerns about the growth of the cooperative itself (currently at more than 70 members). Speaking to the departures at Disrupt London in December, R3 founder and CEO David Rutter pointed to the difficulty of “meet(ing) everyone’s criteria” in an organization the size of R3. To the fundraising concerns, Rutter affirmed R3’s “very good progress” toward completing a $150 million funding round.

Beyond the Banks: Card Companies, Payments and Blockchain

One interesting place to keep an eye on for blockchain-related developments in 2017 is among non-bank financial players like the card companies. Visa (FD14), for example, unveiled a blockchain based payments platform, Visa B2B Connect, in partnership with Chain (FD15) in 2016. The technology, designed to provide “near real-time transactions” for high value international payments, will undergo testing this year.

Meanwhile, Mastercard (F14; FD14) has responded to its rival’s challenge by adding blockchain-based APIs to its app developer’s platform, MasterCard Developers. The APIs include a Blockchain Core API, a Smart Contracts API, and a Fast Pay Network API. Mastercard says its APIs, among other things, will help developers build tools to take counterparty risk and costs from transaction flow, as well as improve processing audibility and client privacy.

Is a Bull Market in Bitcoin a Boon for the Blockchain?

With bitcoin closing 2016 with a return to its highest level in years, it is little surprise the cryptocurrency is finding its way into the hearts and minds of investors seeking uncorrelated assets to diversify their portfolios. In “Bitcoin Investing: Where Wall Street and Silicon Valley Meet,” Chris Burniske and Adam White make the case for bitcoin as an asset class for long-term investors based on the currency’s declining volatility, reward-vs-risk, and lack of correlation with most other markets including gold, U.S. real estate, and U.S. equities since 2011. Whether growing interest in bitcoin ends up contributing to (or at least correlating with) increased interest in the technology that makes the digital currency possible will be one of the big questions of 2017, as well.