FinDEVr APIntelligence

Our first developers conference in the U.K. was a huge success! Stay tuned on the blog to see what you missed at FinDEVr 2017 London this week. We’ll post photos, videos, and Twitter updates.


  • FinDEVr London: Tech Talk at the Tobacco Dock
  • FinDEVr London 2017: Welcome to Day One.
  • FinDEVr London 2017: Welcome to Day Two.

Alumni updates

  • Surety Bank taps NYMBUS SmartCore for a Digital-First approach.
  • Fiserv to Acquire Monitise for $89 Million.
  • DefenseStorm hires Steve Soukup as Chief Revenue Officer.
  • PayNearMe facilitates $1.6M in child support payments for the state of Michigan.
  • Fiserv leverages robo-advisory and automation technology from fellow Finovate alum Trizic to enhance its wealth management solutions.
  • Stratumn Lands $7.8 Million, Forms Strategic Partnership with NASDAQ.
  • Mastercard launches comprehensive digital payment solution for small and midsized businesses.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News


  • SwipeStox Parent Company Announces IPO.

Around the web

  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.
  • CSI globalVCard partners with AmTrav Corporate Travel Management.
  • Paducah Bank’s insurance agency, powered by Insuritas, set a record: 58% of the customers that asked for an auto, home or business quote bought a policy.
  • Form3 partners with Icon Solutions to leverage Instant Payments Framework for SEPA Instant Payments.
  • Surety Bank taps NYMBUS SmartCore for a Digital-First approach.

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.

CrowdFlower Raises $20 Million to Bloom AI Adoption

AI data enrichment platform, CrowdFlower, has pulled in $20 million in funding today. This is the California-based company’s sixth round of funding since it was founded in 2009 and brings its total raised to $58 million.

Leading today’s round is Industry Ventures. A new investor, Salesforce Ventures, is also participating along with existing investors Canvas Ventures, Microsoft Ventures and Trinity Ventures. CrowdFlower will use the funding to expand the functionality of its platform, integrate with other machine learning technologies, and hire new talent. The company’s CEO, Robin Bordoli, said, “With this funding, we can accelerate our reach and help data science and machine learning teams everywhere produce the training data they need within the scale, cost and quality parameters that matter to them.”

CrowdFlower creates human-in-the-loop technology that offers quality control for data scientists. The company leverages an on-demand workforce to collect, label, and clean data that requires human intelligence. According to Bordoli, we are just starting to scratch the surface of AI. He described AI apps for the enterprise as being “at the beginning of a Cambrian explosion” and said that the bottleneck for mass adoption of machine learning is “the availability of high quality training data and human-in-the-loop workflows to handle the failure states of the algorithm.” Bordoli went on to explain that an algorithm without human input is like “a rocket ship with a large engine but no fuel and no navigation system.”

CrowdFlower’s Tatiana Josephy (VP Product) and Seth Teicher (Head of Content & Business Development) at FinovateFall 2014

At FinovateFall 2014, CrowdFlower won Best of Show in a demo that showed how the on-demand workforce uses its platform to collect, clean, and label financial transaction data. Last month, the company launched a set of dedicated tools for computer vision to enhance its Pixel Labeling Tool.

Fiserv to Acquire Monitise for $89 Million

Financial services company Fiserv has agreed to acquire U.K.-based Monitise for 2.9 pence per share, which equates to $89 million.

The acquisition comes after a storied history for Monitise, which was valued at $2.6 billion at its peak in 2014 and had formed successful partnerships with IBM, Santander, Telefonica, Virgin Money, and others. In 2015, however, the company changed its business model because of increased competition from tech giants such as Alphabet and Apple who offered mobile payment services for free. After the pivot, Monitise wasn’t able to recover and ended up putting itself up for sale in 2015.

Founded in 2003, Monitise demoed its mobile banking platform on a Nokia flip phone at FinovateFall 2007, the same year it went public on the London stock exchange. In 2009, Monitise’s mobile payments partner, Metavante, was acquired by Fiserv rival FIS. Most recently, Monitise launched FINkit, a cloud-based platform, in 2016 to foster collaboration between banks and fintechs. BehavioSec, Currencycloud, and Envestnet | Yodlee were among the founding FINkit members.

Fiserv anticipates the acquisition, which is subject to shareholder approval, to “accelerate the Fiserv digital strategy and the development of a next-generation digital banking platform for leading financial institutions worldwide.” The Wisconsin-based company will foster Monitise’s FINkit program to help its bank clients accelerate adoption of fintech services.

Jeffery Yabuki, Fiserv President and CEO said, “Monitise has been a global pioneer and innovator in digital banking for more than a decade.” He added, “Combining its talented associates and advanced technologies with leading digital solutions from Fiserv will expand our clients’ ability to provide differentiated experiences to their customers.”

Founded in 1984, Fiserv most recently presented at FinDEVr New York 2017, where the company’s Sr. Product Manager, Jon Zimmermann, and VP of Electronic Payments, Paul Diegelman, addressed the audience in a presentation titled Payments Processing: Bank-Grade Standards, Now Available to Anyone. Yesterday, the company announced that it will help banks and credit unions join the Zelle P2P payment network via its Turnkey Service for Zelle.

Kony Appoints Former Hewlett Packard and NCR Exec as Chief Revenue Officer

Mobile app development and omni-channel deployment company, Kony announced this week it has appointed Bruce Dahlgren (pictured) as Executive Vice President and Chief Revenue Officer.

Dahlgren assumes this newly-created position to further expand Kony’s global presence and capture more of the market. He has more than 30 years of experience in the IT industry, having most recently served as Senior Vice President, Enterprise Services and Managing Director, Asia Pacific and Japan Region for Hewlett Packard for almost five years. Prior to working at HP, Dahlgren held executive roles at Lexmark International, AT&T and NCR.

Kony CEO Thomas E. Hogan described Dahlgren as “an outstanding executive with a proven track record of success and results.” Specifically, Hogan applauded Dahlgren’s international experience and “reputation for the highest levels of integrity and leadership.”

Founded in 2007, Kony enables banks to design, develop, and visualize device-agnostic applications deployed across multiple channels. Last month, the company entered into a strategic partnership with Diebold Nixdorf in which Diebold Nixdorf white-labeled Kony’s mobile application suite, branding it DN Mobile. As part of the agreement, Diebold Nixdorf also acquired a minority equity stake in Kony. Earlier this year, Kony launched AppVantage to help organizations quickly develop customizable mobile apps from pre-packaged components. At FinovateFall 2011, the company debuted a commercial banking app.

Finovate Alumni News


  • Kony Appoints Former Hewlett Packard and NCR Exec as Chief Revenue Officer.
  • Fiserv to Acquire Monitise for $89 Million.
  • CrowdFlower Raises $20 Million to Bloom AI Adoption

Around the web

  • Computerworld Recognizes Jack Henry as one of the 2017 Best Places to Work in IT.
  • Icon Solutions expands into the Hungarian market via partnership with T-Systems Hungary.
  • DefenseStorm hires Steve Soukup as Chief Revenue Officer.

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 London 2017: Welcome to Day Two

This is FinDEVr’s first show in London, and we are loving it! After yesterday’s fun and thought-provoking day full of fintech developer presentations proved to be one for the record books, today we’re ready for the second round.

The schedule will be quite similar to yesterday. Today, however, we are hosting a panel discussion which will take place on the main stage between the final presentation and the open bar and happy hour.

Presentation Session: 9:30 to 10:55

  • 09:35 TestDevLab
    Mobile Automation Security Scanner Tools
  • 09:55
    Coding real-time trading/investments on your mobile device in less than 15 mn with any API? Yes, we can.
  • 10:15 Harborx
    When Trading Meets Gaming
  • 10:35 eSignLive by VASCO
    E-Signatures for Mobile Account Openings & Customer Behaviour Insights

<<Coffee Break: 10:55 to 11:30>>

Presentation Session: 11:30 to 12:30

  • 11:30 aixigo
    Digital Wealth Management with APIs
  • 11:50 Simility
    Fraud Mutates – Detect, Understand and Block It
  • 12:10 Aerospike
    Rapid Application Design in Financial Services

<<Lunch Roundtable Discussions: 12:30 to 13:30>>

  • 12:30 ISARA’s CEO, Scott Totzke leading discussion: We’re all in it together: Making global fintech crypto-agile
  • 12:30 LeanXcale’s CEO & Co-Founder, Ricardo Jimenez-Peris leading discussion: Let’s get technical: Data management for fintech
  • 12:30 Aerospike’s CTO & Founder, Brian Bulkowski leading discussion: The great beyond: Innovation in your enterprise

Presentation Session: 13:30 to 14:50

  • 13:30 CASHOFF
    Collecting and Analyzing Financial Data
  • 13:50 eWise
    Managing Transition to Open Banking and PSD2 Account Aggregation
  • 14:10 Avaloq
    Avaloq Open Platform
  • 14:30 IdentityMind Global
    Entity Link API

<<Coffee Break: 14:50 to 15:20>>

Fintech Panel: 15:20 to 16:00

Hosted by David Penn, Analyst at Finovate

<<Networking with open bar & appetizers: 16:00 to 17:00>>

Here are a few reminders before heading out to today’s event:

  • Please remember to bring your name badge with you
  • Don’t forget to download the FinDEVr London event app. You can use the app to schedule meetings, vote for your favorite presentations daily, access the attendee list and more. To download the app, search FinDEVr in the Apple App Store or Google Play Store. Join by logging in with the email address you used to register for the event. If you’re not able to join, please email
  • Free coat and luggage check is available today between the west and east Pennington Street entrances

Payfone to Power Mobile ID Authentication for Zelle

There’s been a lot of hype around real-time P2P payment app Zelle, which is launching at select banks this month, aiming to take on Venmo and PayPal as the leading P2P payment platform. Facilitating the launch, Zelle has tapped New York-based Payfone as a key partner.

Payfone signed an agreement with Early Warning Systems, the parent company of Zelle (formerly clearXchange), which was launched in 2011 in a joint effort among Bank of America, Capital One, JP Morgan Chase, U.S. Bank and Wells Fargo. Under the agreement, Zelle will leverage Payfone’s mobile identity authentication and risk assessment solutions to streamline client enrollment and authentication for transactions.

Rodger Desai, Payfone CEO, said that the company is “uniquely positioned” to provide “instant mobile authentication,” something he described as a crucial element in faster payments. Desai added, “Collaborating with Early Warning to help add further seamless security to Zelle is a shining example of how Payfone makes customer transactions safer and smoother.”

Eric Woodward, group president of the Risk Solutions business at Early Warning, said that Payfone will “significantly simplify” enrollment for new Zelle users via a “non-intrusive” user experience. “This helps us balance the requirements for speed and security in the faster payments space,” Woodward said.

Founded in 2008, Payfone originated as a mobile payments company. It has since pivoted to focus on authentication solutions, processing millions of signals per day to authenticate and score transactions with its new Lotus Trust Score. The company currently authenticates 10 million transactions per day and by year end it anticipates that number will reach 50 million transactions.

Cardlytics Closes $12 Million Round

Card-linked offers company Cardlytics has raised $12 million, according to an SEC filing and a report from BizJournals, which reported the round was led by a new, strategic investor with contributions from existing investors. The name of the strategic investor was not disclosed. This round brings Cardlytics’ total funding to $200 million.

Atlanta-based Cardlytics was founded in 2008. The company’s first product was a card-linked offers solution, Cardlytics Direct. This flagship product allows financial institutions to provide merchant-funded rewards within its online or mobile banking application to boost customer loyalty. Almost 10 years later, big-name financial institutions such as Bank of America, PNC, MasterCard, and Fiserv use Cardlytics Direct.

The hype of card-linked offers peaked around 2012, and Cardlytics appears to have undergone a bit of restructuring since then. In April of 2016, the company laid off 15 percent of its workforce and while there is still demand for consumer rewards, the company’s attention has expanded to capitalizing on the data gathered from consumer interactions. In 2016, Cardlytics began leveraging the wealth of consumer spend data, launching Platform Solutions for retailers and marketers to gain insights on consumer spending behavior and optimize marketing strategies.

Cardlytics demoed its geolocation application at FinovateFall 2013. Scott Grimes is CEO and cofounder.

Finovate Alumni News


  • Cardlytics Closes $12 Million Round.
  • Payfone to Power Mobile ID Authentication for Zelle.

Around the web

  • PayNearMe facilitates $1.6M in child support payments for the state of Michigan.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.
  • Expensify and deepen integration for shared clients.

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.