Finovate, FinDEVr Alums Earn AWS Financial Services Competency Status

aws_financialcompetencies

Amazon Web Services has introduced a pair of new competencies as part of its AWS Competencies Program. The program is used by AWS to designate specific industry expertise or “competency” among its network partners. And this week we learned that one of these new competencies, AWS Financial Services, features more than a handful of Finovate/FinDEVr alums.

Earning spots in the Risk Management category of AWS Financial Services Competency Partners were FICO (FD16), FIS-Prophet (F16), and NICE Systems (F15). Four alums—Avoka (F16), Corezoid (F16), Mambu (F13), and Moven (F16)—made up more than half of the companies in the Core Systems category. IHS Markit (FD16) earned a place in the Data Management category along with two other alums, Infosys (F09) and Wipro (F15).

Avoka CMO Don Bergal credited the AWS Cloud for enabling the company to deliver solutions with the speed, security, and regulatory compliance needed to serve “the largest financial institutions worldwide.” Mambu CEO Eugene Danilkis called AWS “the future of agile, cost-effective infrastructure” for both fintech companies and FIs. Speaking for FICO, which made its FinDEVr debut in New York this spring, CTO Stuart Wells said his company will increase the amount of its risk management and compliance technology available via the cloud “powered by AWS.”

The AWS Competency Program is designed to help customers use Amazon Web Services by connecting with the company’s network partners in a variety of fields. For the Financial Services competency, these fields include banking and payments, capital markets, and insurance. Amazon Web Services made the new competency announcements at its re:Invent conference this week.

Finovate Alumni News

On Finovate.com

  • Seattle-Based Finagraph Completes $5 Million Financing.

Around the web

  • TSYS inks agreement to process debit transactions for Virgin Money’s U.K. customers.
  • Marcus by Goldman Sachs deploys Infosys Finacle core banking technology.
  • FIS to offer Early Warning’s Zelle Network P2P service as part of real-time payments package.
  • Corezoid achieves Amazon Web Services (AWS) Financial Services Competency status.
  • Cachet Financial Solutions rolls out prepaid mobile-money-platform upgrade.
  • Tradeshift launches two new joint ventures in China to meet demand for supply-chain digitalization.
  • Cortera launches Cortera Decisions, a new automated scorecard platform.
  • Taulia to power supply-chain finance solution for Exostar.
  • CHROME FCU taps NYMBUS for SmartCore digital banking.
  • Ripple hires former CME Group executive Miguel Vias as head of XRP (extended resource planning) markets.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Andreessen Horowitz Leads $25 Million Investment in Quantopian
  • “Finovate Debuts: GoodData Helps Banks Put Their Data to Work”
  • “Nutmeg Spices Things Up with New $37 Million Investment”

Around the web

  • FinDEVr alum Smart Token Chain completes first smart token transfer via Ripple network.
  • From apps to APIs: Dwolla rebrands as platform.
  • PwC unveils Vulcan Digital Asset Services, a suite of digital currency solutions including digital wallets and international payment processing.
  • Entersekt to power mobile app security for FirstBank.
  • CoverHound partners with Metromile to offer more coverage options for auto and property insurance.
  • WealthForge exceeds $250M in transactions completed on platform.
  • Kabbage hires chief technology officer and chief data officer.
  • AutoGravity to power digital car sales and finance app for Fletcher Jones Motorcars.
  • Visa Developer Challenge winner Corezoid earns recognition at Money 20/20 Hackathon.

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

  • With Dashlane’s Spaces for Mobile, Passwords Connect the Professional and the Personal
  • Peter Thiel Takes $3.5 Million Stake in Curated Investor Platform, nextmarkets GmbH
  • A Look at the First Week of Nasdaq’s Fintech Index

Around the web

  • Bill.com co-founder and CEO Andrew Housser weighs in on the relationship between new and traditional credit scoring.
  • Dakota Plains Credit Union to deploy integrated technology suite from Fiserv.
  • American Banker column on new core banking vendors features Corezoid.
  • Deposit Accounts blog features Kasasa.
  • Finextra: Q2 ready to support same-day ACH payments.

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

  • Experian and Neustar Partner to Empower Marketers with More Data
  • Financial Guard Acquired by Legg Mason

Around the web

  • FIS wins “Most Disruptive” award at 2016 PYMNTS.com/Alexa Challenge.
  • Corezoid’s Alexander Vityaz talks chatbots and the mobile OS market in Venture Beat.
  • iSignthis to provide automated, digital KYC solution for TRADOLOGIC.
  • Cachet Financial launches two new enhancements to its Select Business Merchant Capture Solution.
  • Dwolla hints at a new dashboard for white-label integrations.
  • Entrepreneur interviews Josh Reeves, Gusto co-founder and CEO.
  • Jwaala now powers mobile banking for Avadian CU.

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.

Corezoid Goes AWS with its Platform-as-a-Service Core Banking Technology

Corezoid_homepage_June2016

Core banking technology innovator Corezoid announced that its platform-as-a-service process engine will be available via the Amazon Web Services (AWS) cloud. The technology improves bank operations by coordinating API data into processes and then organizing and locating these processes in a single cloud-based platform.  Whether used as a new digital core or as a process layer above current systems, Corezoid enables banks to spend less time and money in development, and more time deploying ready-made mobile banking, e-commerce, compliance, and other solutions.

“There are around 30,000 banks and financial institutions in the world, and they’re all trying to create 30,000 different Internet banks, 30,000 mobile banking apps and so on,” Corezoid CEO Alexander Vityaz said.  “But it’s a lot of unnecessary work. Ninety-nine percent of business operations in banks are the same standard. These operations need to be commoditized and moved to the cloud.”

Corezoid_stage_FS2016

Pictured: Corezoid CMO and cofounder Sergey Danilenko demonstrating the Corezoid process engine at FinovateSpring 2016 in San Jose.

Developed as a project from the R&D department at PrivatBank, Corezoid’s Process Engine enables companies to build business intelligence, communications, workflow management, and other apps in a matter of days with no hardcoding. The technology serves as a development platform, enabling banks to take advantage of the proliferation of banking and financial APIs without having to spend significant amounts of time and money finding or developing their own local technical talent. “Banks can stop acting as if they are IT companies,” Danilenko said from the Finovate stage this spring.

Founded in 2014 and headquartered in Redwood City, California, Corezoid demonstrated its process engine at FinovateSpring 2016. The company also participated in our developers conference, FinDEVr San Francisco 2015, with a presentation, “Build Your Company’s Digital Core with Corezoid.” Corezoid announced last month that its service would be available in both the U.S. and Western Europe. In February the company’s technology was deployed by Western Union to launch its new online money transfer service in Ukraine.

Finovate Alumni News

On Finovate.com

  • “Shoeboxed Partners with ScanSnap Cloud for Receipt Scanning”
  • “Finovate Debuts: Race Data Helps Community Banks Turn Customer Data into Market Intelligence”
  • “Opentech Teams Up with MasterCard, Swiss Bankers to Launch Card Management App”
  • “HelloWallet Launches Savings and Debt Guidance Tool”
  • “Kasasa Reaches One Millionth Account”
  • Check out this week’s FinDEVr APIntelligence

Around the web

  • Fiserv announces its new biometric authentication solution, Verifast: Palm Authentication.
  • Markit to provide fixed income pricing data and liquidity metrics for the European Commission.
  • INETCO to power real-time transaction monitoring for Turkey’s Central Processor for Bank Payment Cards, Bankalararasi Kart Merkezi (BKM).
  • ThinkAdvisor looks at how Blackrock is taking on Schwab and Vanguard with FutureAdvisor.
  • ebankIT expands its headquarters facilities in Porto to grow R&D team.
  • Corezoid moves platform-as-a-service core banking engine to AWS.
  • Blackhawk Network Appoints Sachin Dhawan as CTO and SVP.
  • PCWorld votes Xero as its top-choice accounting software in 2016.

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

  • Welcome to FinovateSpring 2016: Day 2″

Around the web

  • Personetics launches its Personetics Anywhere chatbot, enabling FIs to provide personalized service to customers via popular messaging apps.
  • Q2 Holdings unveils its cloud-based, open API platform for developers, CorePro.
  • Jack Henry & Associates announces availability of Banno Mobile for Windows 10 and launch of Banno People, a user profile management solution.
  • Corezoid’s platform-as-a-service technology now available in the U.S. and Western Europe.
  • Jumio agrees to acquisition by Centana Growth Partners.

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

  • “Cardlytics Launches Syndicated Audiences”

On FinDEVr.com

  • Chain Launches Open Source Blockchain Protocol.

Around the web

  • ReadWrite features Tyfone’s launch of a new challenge at MIT focused on Internet of Things (IoT) security.
  • “Lending Club CEO Renaud Laplanche Receives Tribeca Disruptive Innovation Award”
  • Cointelegraph interviews Alexander Vityaz, founder of Corezoid and head of e-commerce at PrivatBank.
  • PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year.
  • Infosys Finacle teams up with Samsung SDS to give mobile banking customers better authentication technology.
  • A look at APIs in the robo-adviser industry by Bank Innovation underscores the role played by Xignite.
  • “Kasasa Wins Multiple Hermes Creative Awards”
  • Pendo Systems unveils version 3.1 of its data exploration, discovery, and analysis platform.

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

  • “Best of Show Winner DriveWealth Inks New Partnership with Stoxs”
  • CopSonic and Natixis Team Up to Launch UltraSound Payment Solution, SwipeSonic”
  • PayPal Unveils Carrier Partnerships, NFC Payment Capability”

Around the web

  • LockByMobile is working with Visa APIs to enhance consumer transaction controls.
  • Kasasa launches new auto loan direct marketing program, Kasasa Fuel.
  • GMC Software teams up with SundaySky to improve customer experiences via video.
  • Fiserv announces that 25 credit unions have committed to CUnify, its account processing platform.
  • Corezoid is among the first Ukranian startups to participate at Startup Grind (in Ukranian).
  • Xero teams up with Google, bringing gmail and Google Apps for Work to its platform.
  • Dashlane web engineer Thomas Guillory explains why his company is building its next web app using React.js.
  • FirstBank to deploy Transakt, a multi-factor authentication technology from Entersekt.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.