Finovate Alumni News

On Finovate.com

  • Backbase Partners with SGBL to Support Digital Transformation.
  • Munnypot to Power Jyske Bank’s Robo Advisor Tools. Come see Munnypot’s demo of its newest technology at FinovateMiddleEast next week.
  • Temenos Agrees to $1.96 Billion Takeover of Fidessa Group.

Around the web

  • Entrust Datacard receives the Blue Shield Technology Innovation Award for Security and Anti-Counterfeiting Technology.
  • ACI Worldwide recognized as fraud innovation firm of the year by Finance Monthly.
  • Ping Identity wins gold in the Identity Management category by the Cybersecurity Excellence Awards.
  • NICE Actimize introduces its next generation Suspicious Activity Monitoring solution.

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 Finovate.com

  • Trunomi Closes $3.5 Million Round from CloudScale Capital.
  • Veridium to Power Biometrics for Nordea.
  • Personal Capital Launches Socially Responsible Investing.
  • Coupa Software Teams Up with Tuition.io.
  • Banco Santander to Leverage Ripple Tech to Offer Same Day Mobile International Payments.

Around the web

  • Lend Academy: StreetShares’ Unique Focus Gives Them an Edge in the Small Business Lending Market.
  • Jumio’s Q4 Revenues Up 96% Year-Over-Year.
  • Capital One UK’s use of TSYS Foresight Score with Featurespace wins TCP Award.
  • Xero announces ACH integration with Stripe.
  • Finance Monthly names ACI Worldwide Fraud Innovation Firm of the Year for its UP Payments Risk Management solution.

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 Finovate.com

  • AutoGravity Tops $2 Billion in Financing Requested Milestone.
  • Geezeo Powers PFM Platform for F&M Bank of Virginia.
  • Signicat Raises $2 Million to Build Out its Identity Assurance as a Service Technology.

Around the web

  • Forbes: Atlanta Startup Pindrop Makes Its Push To Power Security For The Voice Economy.
  • Chevy Chase Trust selects FIS for Unified Wealth Management Technology Platform and Services.
  • eMoney Advisor and Capital One announce new API data sharing agreement.
  • Check Point Technologies announces Infinity Total Protection, a new security model to prevent ‘Gen V’ threats and attacks
  • Investment News: Betterment beefs up 401(k) advisory board with ex-Vanguard expert.
  • BMO Financial Group chooses Up Real -Time Payments solution from ACI Worldwide.
  • Global payment providers IDT and Mercury FX to use Ripple’s XRP.
  • The Paypers interviews Roberto Valerio, CEO of Risk Ident, on getting the best from fraud prevention solutions.
  • First Data expands agreement with SBI Card.

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 the web

  • Scalable Capital Launches in Switzerland.
  • Gusto Partners with Accounting Platform Aplos.
  • Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain.
  • ID.me Powering Single-Sign On for VFW’s Digital Platforms

Around the web

  • ACI Worldwide announces its UP Merchant Payments solution now available as a cloud-based service.
  • Truphone, Featurespace and PayStand win spots on The Silicon Review’s 50 Smartest Companies list for 2017.
  • Bank Info Security features Nick Armstrong, CEO and founder of identitii.
  • Walmart Labs veteran Adnan Habib joins Roostify as VP of Engineering.
  • Realty Mogul appoints interim Chief Investment Officer Chris Fraley as its official CIO.
  • Klarna extends its partnership with ACI Worldwide.

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 Finovate.com

  • Dynamics Leverages Sprint’s Wireless Network for New IoT Connected Card.
  • Kyckr Lands Global Payment Provider Client.

Around the web

  • Taulia announces milestone, accelerating $1 billion in invoices in a single day.
  • Klarna extends partnership with ACI Worldwide, now reaching 10 major markets including the U.S. and U.K.
  • Marquette Bank ($1.6 billion in assets) builds on existing relationship with Baker Hill by adding risk management, loan origination and other solutions.
  • Datanami highlights Narrative Science’s natural language processing tech.
  • Disruptor Daily names eToro, Motif, Kapitall among 9 companies to watch in 2018.

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.

ACI Worldwide Partners with HyperPay to Help Fight Fraud in the MENA

Cyberfraud fighters in the MENA regions gained new allies this week. ACI Worldwide has announced that it will collaborate with HyperPay to offer integrated, real-time fraud prevention solutions for e-commerce payments for merchants in the Middle East and North Africa.

The need for ever-more capable fraud fighting technology is a key factor in ensuring the growth of  – and trust in – e-commerce. And the MENA region is no exception. “While the growth opportunity is considerable, we also know that merchants need to protect their revenues and secure their transactions, as well as be responsive to the evolving threat of fraud,” HyperPay CEO Muhannad Ebwini said. He added that ACI’s Universal Payments solutions – including UP Payments Risk Management – “perfectly complement our local knowledge and experience” and that he “fully trust(s) ACI to deliver a sophisticated, real-time fraud detection and prevention solution that protects our customers.”

Left to right: Wolfgang Berner (Director, Product Global eCommerce), Christian Schonhuth (Solution Consultant), and Grit Ruehling (Sr. Product Manager) during their presentation Simple, Global, and Secure eCommerce Payments with ACI Worldwide’s Next Generation API.

Echoing Ebwini’s sentiments, Manish Patel, ACI Worldwide GM for the Middle East, Africa, and South Asia, also underscored the importance of trust. “eCommerce in the MENA region is growing rapidly, as consumers move from cash-based transactions to using cards and other online payment methods,” Patel explained. “As this shift – with mobile acting as an additional catalyst – gathers pace, retailers need to gain the trust of consumers and protect themselves against the risk of fraud across multiple channels.”

A major MENA area payments service provider HyperPay uses ACI’s UP eCommerce Payments solutions to provide cross-border payments services. This week’s news means HyperPay will open access to ACI’s UP Payments Risk Management solution, as well. The Risk Management technology leverages adaptive machine learning and a “shared intelligence approach” that also takes advantage of the insights gained from global risk analysts to refine fraud-fighting strategies for e-commerce merchants and PSPs.

Founded in 1975 and headquartered in Elkhorn, Nebraska, ACI Worldwide demonstrated its technology at FinovateFall 2011 in partnership with MShift. More recently, the company participated in our developers conference, FinDEVR Silicon Valley 2016, showcasing its COPYandPay, SAQ-A compliant JavaScript payment form solution. The presentation, led by ACI Worldwide’s Wolfgang Berner (Director, Product Global eCommerce), Grit Ruehling (Sr. Product Manager), and Christian Schonhuth (Solution Consultant), was titled Simple, Global, and Secure eCommerce Payments with ACI Worldwide’s Next Generation API. The presentation also included a live demonstration of the omni-channel capabilities of the company’s UP eCommerce Payments solution, as well as how to configure and integrate ACI’s ReD Shield real-time fraud prevention.

Finovate Alumni News

On Finovate.com

  • ACI Worldwide Partners with HyperPay to Help Fight Fraud in the MENA.

Around the web

  • FST Media talks with Avoka Chief Experience Officer Derek Corcoran.
  • Ripple reports that XRP is now available on 50 exchanges around the world.
  • Indiana-based Owen County State Bank ($201 million in assets) partners with Insuritas.
  • PYMNTS.com interviews Currencycloud head of U.S. product, Arshi Singh.

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 Finovate.com

  • Tinkoff Brings Stories to Mobile Banking
  • Meed Leverages ID Verification Solutions from Jumio to Serve the Underbanked

Around the web

  • The 61-member Japan Bank Consortium launches Ripple pilot with South Korean banks Woori Bank and Shinhan Bank.
  • Thomson Reuters adds compliance training courses to help ensure MiFID II compliance.
  • PayPal makes undisclosed investment in Berlin-based deposit marketplace Raisin.
  • ACI Worldwide partners with HyperPay to bring real-time fraud prevention solutions to ecommerce merchants in the MENA region.
  • SME Finance Forum honors Strands with Best Partnership award at its First Membership Engagement Awards event.
  • nCino EVP of Product Development Trisha Price joins Jim Marous’ fintech roundtable to discuss the future of digital banking disruption.
  • Stash Invest presents its Auto-Stash feature to help investors make automatic, recurring investment contributions.
  • SuiteBox introduces its VideoSign Proof of Signature technology.
  • defi SOLUTIONS earns recognition as one of the top 100 fastest-growing privately-held businesses in Dallas, Texas area.

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 Finovate.com

  • Backbase 6 Features New Digital Banking Backend, Open Banking and PSD2 Readiness
  • DoubleNet Pay to Power Cash Flow Management Tool for T. Rowe Price
  • SBDA Group Closes Series A Investment Round
  • ID.me Reaches 5 Million Users, Appoints C-Level Execs
  • BLUERUSH Introduces New CEO and Director Steve Taylor

Around the web

  • Filene interviews Larky CEO Gregg Hammerman on the company’s recent VISA partnership.
  • PR Savings Bank in APAC signs with Temenos.
  • Ripple completes XRP Lockup to create certainty of XRP supply at any given time.
  • ACI Worldwide receives SWIFT gpi certification for itsUniversal Payments (UP) Real-Time Payments solution.
  • Facebook Messenger chief David Marcus joins Coinbase board.

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 Finovate.com

  • BankBazaar CEO Honored at India FinTech Awards 2017.

Around the web

  • ACI Worldwide inks licensing agreement with Payworks.
  • PayPal introduces new Invoicing Extension for with Facebook Messenger.
  • Commercial Bank of Ceylon embraces digital banking solution from Fiserv.
  • ThreatMetrix boosts speed, improves accuracy and reliability with Winter 2018 release of its digital identity network.

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.