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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Splititforges new strategic partnerships with Malaysian payment solution provider iPay88 and global payments company BlueSnap.
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.
The newly-released Fintech Power 50 for 2020 features ten Finovate alums. The roster is produced every December and bills itself as “meant to be controversial and provoke debate” while at the same time providing “inspiration to the rest of the industry.”
“Throughout its first year the Fintech Power 50 has seen consistent success for our members and we are very proud of the opportunities that being a member of the Power 50 has offered the companies involved,” Fintech Power 50 Managing Director and co-founder Jason Williams said. “We look forward to continuing the traction we have made this year with the 2020 cohort, with a more ambitious and exciting programme.”
The Fintech Power 50 aims to help fintechs reach a broader audience around the world. Over the course of 2020, the program will offer media partnerships and networking, business development and branding support, and investment and talent acquisition. This year marks the third edition of the program; coincidentally, the 2019 Power 50 featured ten Finovate alums, as well.
“We’re incredibly excited at this announcement, which is clear recognition of Keepabl’s value to customers, and to trusted advisers alike, and our potential to keep disrupting compliance-as-a-service,” wrote Keepabl CEO Robert Baugh in an email.
CREALOGIX CEO David Joyce added that he was “looking forward to exchanging ideas with the renowned digital leaders in this unique group.” He praised the way the roster reflected “the breadth, diversity, and creativity of the global fintech scene.”
The Fintech Power 50 2020 also features ten fintech thought leaders whose names will be familiar to Finovate veterans. Nine of the ten – David Birch, Ghela Boskovich, Theo Lau, Brett King, Jim Marous, Devie Mohan, David Parker, and Ruth Wandhofer – have made major contributions to our Finovate conferences since we expanded our format in 2017. We’ll have to get Mr. Lawrence Wintermeyer, co-founder of Global Digital Finance and the tenth thought leader on this year’s Fintech Power 50, to a Finovate stage sooner than later!
More than 60 lenders join the CrediVia marketplace to source commercial loans.
Bill.com now facilitates payments in more than 130 countries and 100+ currencies.
Dwollapartners with TransferMate Global Payments to allow customers and their end users the ability to make and receive international payments.
Quadient parent company Neopost changes its name to Quadient.
InCommpartners with Mizuho Bank to expand J-Coin Pay in Japan.
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.
Swiss digital banking software provider, CREALOGIX, is moving from its traditional initial license to a Software-as-a-Service (SaaS) model, reports Jane Connolly of Fintech Futures (Finovate’s sister publication).
Although the intended transition has resulted in a drop in profitability of just over $5 million (CHF 5 million), sales have increased by 17% to exceed $101.5 million (CHF 100 million) for the first time.
Reporting preliminary results for the 2018/19 financial year, CREALOGIX states that the move to a SaaS-based, multi-year subscription model will result in greater revenue stability and sustained profitability increases in the long term.
The company believes that it will see solid cashflow levels and double-digit EBITDA margins from 2020/21 onwards. CREALOGIX notes that the continuing uncertainty around Brexit has had a pronounced negative impact on the UK business.
Recent new deals for the company have included agreements with Hampden & Co, LGT Vestra and MeDirect.
Founded in 1996 and headquartered in Zurich, Switzerland, CREALOGIX demonstrated its TimeWarp solution at FinovateEurope 2019, winning Best of Show. TimeWarp enables banking customers to run simulations of various scenarios in their financial lives to better understand how today’s decisions are mostly likely to affect financial outcomes.
King Klarna: New Investment Boosts Valuation to $5.5 Billion.
LendingClubUnveilsSelect Plus for Sophisticated Investors.
Around the web
Israel’s third largest bank Mizrahi-Tefahot to deploy core banking technology from Temenos.
Experianreports surging interest in Open Banking, with the number of API requests made in the U.K. growing by more than 2x since February.
Russia’s Tinkoff Bank to sell the speech recognition technology behind its Oleg chatbot to corporate customers.
LeapXpertearns spot in 2019 FinTech Innovation Lab Asia-Pacific.
Mortgage Cadenceenhances data verification, fraud prevention and compliance with integration of DataVerify to its Enterprise Lending Center.
AT&T launches new bug bounty program in partnership with HackerOne.
Jumiotakes gold in the Security Software category of the 2019 IT World Awards.
Lendiotops $1.5 billion in small business loans financed.
OndotintroducesTransaction Intelligence to make it easier for consumers to recognize purchases.
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.
Bobsguide awardsTaulia partnership award for its alliance with NHS Business Services.
Tuition.iopowers student loan repayment for Montefiore St. Luke’s Cornwall.
CREALOGIXrecords over $101 million (CHF 100 million) in sales for the first time.
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.
VymoReels in $18 Million for its Intelligent Sales Assistant.
Around the web
Deal sealed: Fiservcompletes acquisition of First Data.
Visaannounces strategic partnership with SME banking service Open.
eToroenables retail customers to invest in drone technology via its latest portfolio.
iGTB to enhance trade finance operations for two Raiffeisen banks, Niederosterreich-Wien and Landesbank Steiermark.
CREALOGIX to power new consumer digital investment platform from MeDirect Group.
JP Morgan Chase ends loan origination partnership with OnDeck.
ThetaRaybrings on Idan Keret as Chief Customer Success Officer.
GreenDotoffers customers 3% cash back on online and in-app purchases and a savings account paying 3% APY.
Fintech Finance interviews Olga Feldmeier, Smart Valor CEO.
Redrock Biometricssecures a perfect score in Level 1 Presentation Attack Detection confirmation testing by iBeta.
SpyCloudexpands into Europe, the Middle East, and Africa.
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.
Nvstrearns a spot in the Financial Venture Studio’s incoming cohort.
CREALOGIXintroduces new Chief Financial Officer Daniel Bader.
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.
Digital Onboarding to Boost Customer Engagement for Manatee Community FCU.
Finovate Global: Settle Launches Mobile App in Croatia; Sr. Pago Partners with American Express.
Around the web
Mastercardacquires global payments firm Transfast.
Chatbots.Studiopartners with Digital Flex Solution to become their first technical partner and adviser. Check out Chatbots.Studio at FinovateFall in September!
CREALOGIXwinsBest Wealth Management User Interface at the 2019 Systems in the City Financial Technology Awards.
Sports Business Daily interviewsEverfi Head of Global Partnerships Jon Chapman.
Gartner’s 2019 Market Guide for In-App Protection recognizesJscrambler for its client-side security technology.
Ping IdentityearnsBest Identity Management Solution honors at the 2019 SC Awards Europe.
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.
U.K.-based wealth management firm, LGT Vestra, has selected Swiss-headquartered digital banking software provider, CREALOGIX, to develop new mobile capabilities to enhance the digital experience for their high-net-worth clients, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).
LGT Vestra offers investment management and wealth planning services and, as at April 2019, manages over £12.7 billion in assets.
The firm is adding new mobile functionality to enhance digital services for their high-net-worth clients. The app will enable LGT Vestra clients to easily access their account and portfolio information, providing an efficient digital experience which will enhance client engagement.
Ben Snee, CEO of LGT Vestra, said: “Developing new digital and mobile capabilities with Crealogix will increase accessibility and efficiencies, which will benefit our client experience.”
David Joyce, senior vice president of CREALOGIX UK, said: “A well-designed digital wealth management platform increases engagement, trust, and loyalty among private clients, while leveraging the capabilities of the firm’s investment and advisory expertise.”
Founded in 1996, CREALOGIX demonstrated its TimeWarp application at FinovateEurope earlier this year. The company took home a Best of Show award for its user-friendly, self-service financial planing and insights solution.
Revolutgoes live with support for Apple Pay in 12 additional countries in Europe.
TransferWiseunveils its borderless account in the U.S.
Salt Edgeannounces integrations with more than 200 banks across Europe.
CardFlightoffers Level 2 credit card processing support for SwipeSimple.
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.
CREALOGIX to power new digital and mobile capabilities for LGT Vestra’s wealth management app and client portal.
Strands announces achieving ISO 27001 certification in all offices.
Horizon Investments to implementFiserv’sUnified Wealth Platform for core portfolio management.
Personeticsannounces that users of Salesforce and Microsoft CRM platforms will be able to access the company’s data-driven actionable insights via new APIs.
Diebold Nixdorflaunches a new series of self-service, digitally-connected ATMs.
NetGuardiansappoints Swissquote co-founder Paolo Buzzi to its board of directors.
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.
