Finovate Alumni News

On Finovate.com

  • Fenergo Helps Santander Enhance Customer Onboarding Experience.

Around the web

  • Juvo partners with Malaysian mobile virtual network operator (MVNO), Tune Talk. Join Finovate as we return to the Far East for FinovateAsia in November.
  • Alpha Payments Cloud accentuates its end-to-end middleware technology in rebrand to Alpha Fintech.
  • Klarna completes acquisition of German online payment specialist, BillPay.
  • ID.me adds support for FIDO U2F (Universal Second Factor) Security Keys.
  • DefenseStorm wins 2017 IDC FinTech Rankings Real Results Award for Digital Trust and Stewardship.
  • Alpha FinTech (formerly Alpha Payments Cloud) and Market IQ shortlisted for inaugural FinTech Abu Dhabi Innovation Challenge in October. Join our first foray to the Middle East as Finovate comes to Dubai in December.
  • Hip Pocket founder Mark Zmarzly to help promote innovation and provide mentorship to fintech startups in Australia as part of new Queensland-sponsored initiative.

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

  • 12 Alums Earn Their Place on Inc. 5000 List
  • LendingRobot and NSR Invest to Form Biggest Robo Advisor in Marketplace Lending

Around the web

  • Arxan Technologies takes home the bronze in 9th Annual 2017 Golden Bridge Awards for Innovation in Technology.
  • The American Genius profiles Checkbook.io.
  • TSYS enters agreement to become official payment processor of the National Golf Course Owners Association.
  • Tyfone joins JLR incubator to boost its involvement in the auto industry
  • Actiance announces general availability of Vantage 2017.

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

  • Urban FT Bids to Acquire Digiliti Money.

Around the web

  • First Tennessee Bank goes live with mobile banking app from D3 Banking.
  • Alpha Payments Cloud partners with Australia Post to launch Alpha Commerce Hub.
  • IBM Singapore inks memorandum of understanding with Pacific International Lines to trial blockchain-based, supply chain solutions for businesses.
  • Trulioo’s Global Gateway earns first place in the Verification/Identity Checks category of Market Fintech Limited’s 2017 RegTech Performance Report.
  • FICO Customer Communications Services helps China Guangfa Bank Credit Card Center lower collection costs.
  • Liferay launches initiative to provide new resources for its open source developer community.
  • Featurespace selected by IATA to provide leading fraud protection solution.
  • Bluefin Payment Systems and ACEware Systems Partner for PCI-Validated P2PE.

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

  • You Know It’s Gonna Be Alright: Revolut Raises $66 Million Series B.
  • Finicity Inks Data Sharing Deal with JPMorgan Chase.
  • Fintech 71 Accelerator Application Deadline Less Than One Week Away.

Around the web

  • Forrester names Backbase a leader in digital banking solutions.
  • Alpha Payments Cloud earns Fin5ive Payments Award at BankTech Asia.
  • Let’s Talk Payments interviews SecureKey CIO Andre Boysen.
  • Finland-based Aktia goes live with T24 core banking system from Temenos.
  • FICO enables identification of fourth party risks with new Security Score upgrade.
  • iSignthis subsidiary iSignthis eMoney teams up with Worldline to provide Paydentity services in EU.
  • CashStar adds real-time card activation, improved security, and streamlined ordering in new platform upgrade.
  • Dream Payments opens Centre of Excellence in Moncton, New Brunswick.

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.

 

FinovateAsia 2016 “Best of Show” Winners Announced

 

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The votes are in and the Best of Show winners of FinovateAsia 2016 have been announced. Thanks to all 36 companies that demoed in Hong Kong this week and a hearty congratulations to the four audience favorites.

The winners are as diverse as the financial technologies they represent. Whether providing merchants with a broader range of payment options via the cloud, or extending the boundaries of what a piece of plastic can do to make commerce better for consumers and card issuers alike, the Best of Show winners reflect an industry that is as interested in making positive incremental change as it is in dazzling us with the latest innovations in biometric authentication and chatbot technology.

Here are the Best of Show winners of FinovateAsia 2016 (in alphabetical order):

AlphaPaymentsCloudLogoAlpha Payments Cloud for its new joint venture with Australia Post that will bring a variety of innovative payment options to online merchants in Australia.

 

DynamicsLogoDynamics for its continued re-invention of the payment card to make multicurrency transactions easier and more efficient for cardholders and merchants, while at the same time delivering significant savings to issuing banks.

 

eyeverify-hi-res-copyEyeVerify whose innovations in biometric authentication technology are a part of the company’s larger initiative to develop a global identity management platform that provides better security for businesses and consumers.

FinnLogoFinn.ai for its white-label, virtual banking assistant that uses natural conversational language to help consumers manage their finances wherever they are.

 

We want to thank everyone who helped make Finovate’s debut in Hong Kong such a big success. From our presenters, sponsors, and partners to our attendees and the hundreds of fintech fans following the conference via our Live Twitter feed @finovate, it is your dedication to and appreciate of financial technology that makes all the hard work possible and so worthwhile. We’ll see you next year!


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, each chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The four companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 and 2016 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016

New Investment Boosts Alpha Payments Cloud Valuation to $250 Million

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While terms of this week’s investment were not disclosed, the new funding for Alpha Payments Cloud from Australia-based First Quay Capital is believed to have taken the company’s valuation to $250 million.

In a statement issued from First Quay Capital, Talal Yassine, chairman, is quoted as saying: “We are very excited to be investing in, and partnering exclusively with, Alpha in the Gulf region and selected countries in the Middle East.” He called Alpha Payments Cloud “the next generation of unique, innovative, cost-effective institutional middleware on a revolutionary global platform.” First Quay specializes in investments in high-growth industries such as finance, healthcare, and education. The firm also provides support to companies looking to grow their presence in the MENA (Middle East and North Africa) region.

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Alpha Payments Cloud CEO Oliver Rajic demonstrated AlphaHub at FinovateEurope 2017.

For the financial sleuths out there, recall that Alpha Payments Cloud picked up an investment from Wells Fargo this summer courtesy of its participation in the bank’s Startup Accelerator program. And while the amount from Wells Fargo was also not disclosed, the company reported the investment took its valuation to $100 million. The fact that First Quay Capital’s investment more than doubles Alpha Payments Cloud’s valuation suggests a significant capital infusion.

Founded in June 2012 and headquartered in Singapore, Alpha Payments Cloud demonstrated its AlphaHub technology at FinovateEurope 2016. The company’s Payments-as-a-Service technology provides a middleware layer that both “amplifies third-party access” while making new vendor selection as easy as “the click of a button.” Via the AlphaHub API, users can access more than 250 third-party solutions, as well as Alpha Payments Cloud’s proprietary technologies to ensure access to “any payment type, any solution provider, anywhere in the world.”

Alpha Payments Cloud also this month teamed up with Australian online security innovator, Haventec, and will serve as the startup’s preferred integration provider for its identify authentication and secure payment services, Haventec Authenticate and Secure Wallet, respectively. And earlier this month, the company announced a partnership with RS2 Software that would help support banks in Thailand.

Recipient of a Best of Show award for its demo at FinovateSpring 2015, Alpha Payments Cloud will demonstrate its latest technology at FinovateAsia 2016 in Hong Kong, 8 November. Visit our FinovateAsia 2016 page for more details and information on how to buy tickets and save your spot at this year’s event.

Alpha Payments Cloud Teams Up with RS2 Software to Support FIs in Thailand

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Just a month ahead of our return to the Far East for FinovateAsia we learned today that Singapore-based Alpha Payments Cloud is partnering with RS2 Software to bring key financial and non-financial services to banks in Thailand via a single integration. Oliver Rajic, Alpha Payments CEO, said that his company’s AlphaHub technology was especially suited for FIs in Asia because of the region’s great variation when it comes to everything from government regulations to local customs and business preferences. “The combination of our agile and functionally rich propositions enables banks to offer highly bespoke solutions relevant to their domestic markets,” Rajic said.

The combination of AlphaHub from Alpha Payments Cloud and RS2’s BankWORKS processing software will give Thai FIs a “one-stop shop” for services ranging from AML/KYC and fraud prevention to global acquiring and transaction routing. Merchants will be able to use the technology to accept a wide range of payment types, including alternative payment types, in more than 100 currencies.
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Alpha Payments Cloud CEO Oliver Rajic demonstrated AlphaHub at FinovateEurope 2016.

Founded in 2012 and headquartered in Singapore, Alpha Payments Cloud demonstrated its AlphaHub technology at FinovateEurope 2016, following up on its Best of Show winning demo at FinovateSpring 2015. The company’s AlphaHub technology is a payment-as-a-service platform that gives banks and merchants the ability to accept any payment, any solution provider, anywhere in the world. The platform has more than 250 third-party solutions—more than 60 in the area of fraud, risk, and commerce alone—and is readily integrated via the AlphaHub API. Rajic underscored that point in this week’s announcement, saying the company believes in “eliminating integration friction and standardizing data to simplify access via our enterprise app platform.”

This summer Alpha Payments Cloud reported that it will be one of two early-stage payments companies to participate in Wells Fargo’s accelerator program this year. And in the spring, the company partnered with Chinese payment-services provider, WeCollect, to launch the China Payments Cloud. Alpha Payments Cloud began the year winning the Next Generation Payments category at the KPMG Fintech Innovation Challenge, and partnering with Sentenial to power SEPA Direct Debit acceptance for European businesses. It has raised $12 million in total funding and is one of the presenters at our upcoming FinovateAsia 2016 event in Hong Kong, 8 Nov 2016. Visit our registration page for more information.

Finovate Alumni News

On Finovate.com

  • Alpha Payments Cloud Teams Up with RS2 Software to Support FIs in Thailand. See Alpha Payments Cloud at FinovateAsia in Hong Kong on November 8.
  • Backbase and Mitek Partner to Remove Onboarding Friction

Around the web

  • Suez Canal Bank in Egypt upgrades its core banking technology from Temenos.
  • Intuit QuickBooks buys Bankstream.
  • Thomson Reuters partners with AIM Software to provide buy-side firms with better access to pricing and reference data.

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.

Alpha Payments Cloud Selected for Wells Fargo Spring Startup Accelerator

FinovateSpring 2015 Best of Show winner Alpha Payments Cloud is one of two early-stage payments companies that Wells Fargo chose to participate in the spring 2016 class of its semi-annual startup accelerator.

During the six-month program, the Singapore-based startup receives an investment ranging from $50,000 to $500,000 and mentorship to help refine its AlphaHub solution that lets banks, merchants, and payment service providers access any payment type or solution provider via a set of APIs. Additionally, the accelerator will help test AlphaHub and guide them through the process of bringing it to market. While the amount of the investment Alpha Payments Cloud received is undisclosed, the company’s valuation stands at $100 million.

About Alpha Payments Cloud’s participation, CEO Oliver Rajic says, “Working with Wells Fargo allows us to learn from one of the world’s most significant and experienced banks and managed service providers (MSPs) and draw upon its deep knowledge pool to continue to evolve our solution and stay ahead of the game.”

EyeVerify, a FinovateEurope 2016 Best of Show winner, is a Wells Fargo Accelerator success story. The Kansas City-based company is a graduate of Wells Fargo Accelerator’s inaugural class of 2014. Earlier this year, the banking giant announced it will deploy EyeVerify’s biometric authentication technology to corporate clients with commercial bank accounts.

Alpha Payments Cloud most recently took the stage at FinovateEurope 2016 in London where it demonstrated how banks, merchants and payment service providers can access more than 250 third-party solutions with the AlphaHub API. In February, the company partnered with Sentenial’s Nuapay to add SEPA Direct Debit functionality to the AlphaHub solutions library.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Payment Ninja Provides Free Payment Processing, Programmatic Remarketing for SMEs.
  • Alpha Payments Cloud Selected for Wells Fargo Spring Startup Accelerator.
  • Check out this week’s FinDEVr APIntelligence.
  • DriveWealth Brings Robo-Advisory to China in New Partnership with CreditEase.
  • Buzz Points Lands $1.8 Million in Funding.

Around the Web

  • Cater Allen Private Bank to implement new core banking system from Temenos.
  • Top five Israeli banks to build mobile check-deposit solution based on mobiFLOW SDK from Top Image Systems.
  • Zopa named Moneyfacts Personal Loan Provider of the Year 2016.
  • Trulioo enhances address validation in Global Gateway.
  • MX to power Homeownership Preservation Foundation’s digital money management app.
  • Tradestreaming profiles Payoneer and its role in online payments.
  • Banking technology from Infosys Finacle to help support payments and deposit products for Paytm.

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.