Finovate Alumni News

On Finovate.com

  • Figure Eight (formerly CrowdFlower) Collaborating with Google Cloud on Machine Learning.
  • Zooz Acquired by PayU in Deal Valued at More than $80 Million.

Around the web

  • Currencycloud announces new CRO Nick Cheetham.
  • Rabobank to leverage ACI Worldwide’s ACI Issuer to manage and modernize its card portfolio business.
  • TransferTo teams up with distributed, open-source blockchain platform, Stellar.org to make cross border money transfers easier.
  • Infosys Finacle to power Ayeyarwaddy Farmers Development Bank’s digital transformation.
  • The Silicon Review names Arxan and IdentityMind Global among 50 best companies to watch in 2018.
  • Prosper moves from providing investors estimated return data to historical return 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.

Finovate Alumni News

On Finovate.com

  • BondIT Raises $4 Million in New Funding, Adding to Series B.
  • Mortgagetech Magnates Ellie Mae and Blend Team Up.

Around the web

  • Merchant Bank of Sri Lanka & Finance to deploy core account processing platform and front-end teller systems from Fiserv.
  • PayPal expands its relationship with Google Pay, enabling PayPal as a payment option across the Google ecosystem.
  • Revolut announces plans to open office in Edinburgh, Scotland later this year.
  • Prosper increases borrower lending cap to $40,000, matching Lending Club’s cap.
  • OurCrowd signs MOU with Intesa Sanpaolo to promote access to capital.
  • IDG Connect interviews CurrencyCloud CTO Ed Addario.

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

  • Optimove Acquires PowerInbox’s DynamicMail Business.
  • CardFlight Teams Up with Paya to Bring EMV-Ready Payment Solutions to Merchants.
  • Coinbase Unveils Institutional Grade Solutions for Cryptocurrency Trading.

Around the web

  • Currencycloud and Cashplus partner to help SMEs save on international payments.
  • New risk screening feature from Thomson Reuters filters unstructured data to help FIs fight financial crime.
  • IdentityMind Global to help decentralized private social media platform, ONe Network, meet KYC and AML compliance requirements.
  • Honor Credit Union ($850 million in assets) to launch member-owned, digital insurance agency courtesy of new partnership with Insuritas.
  • Consumers Credit Union ($968 million in assets) credits boost in deposit account openings to December deployment of digital sales platform from Gro Solutions.

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.

 

Currencycloud Helps Businesses Extend Global Reach

International payments platform Currencycloud is empowering businesses to tap into the global economy with its new offering, Global Collections, a multi-currency accounts receivable product.

With Global Collections, banks and payment companies can offer their clients a low-fee cross-border payment acceptance tool that is faster and has less friction than traditional offerings. The new capability allows businesses in the U.S. or E.U. to generate international bank account numbers (IBANs) and Virtual Account Numbers (VANs) so they can receive U.S. dollars or Euros without incurring fees. In other words, businesses can get paid in foreign currencies as if they were operating their business locally.

Neil Ambiker, CEO of payments company B2B Pay, said, “[Global Collections] does so much more than streamline account receivables. It has empowered us to provide customers a frictionless experience, foster trust in our brand and most importantly, grow at an international level.”

While Currencycloud has always offered the ability to send funds, the collections capability is new. Todd Latham, Currencycloud CMO and Head of Product described the move as a “natural next step.” He added, “This launch is a revolution in collections and provides the infrastructure needed to fast track B2B innovation, allowing companies to go global while acting local.”

Currencycloud will roll out Global Collections later this month.

Founded in 2012 and headquartered in London, Currencycloud most recently presented at FinovateFall 2016 where it debuted its Payment Engine. Earlier this month, the company was named an “outstanding place to work,” and last June was listed in CB Insights’ Fintech 250.

Finovate Alumni News

On Finovate

  • Trusted Knight Unveils Financial Fraud Fighting Solution, Protector Air.
  • Currencycloud Helps Businesses Extend Global Reach.

Around the web

  • Beacon Community Bank to deploy Jack Henry’s SilverLake System for core processing.
  • Finastra welcomes APAC early adopters to its FusionFabric.cloud 0pen architecture ecosystem.
  • Roostify announces new VP for Business Development, Mark McLaughlin.
  • BioCatch voted “Best Innovation in Securing Transactions” at the European Payments Summit’s Florin Awards.
  • Payfone launches Instant Experiences for Retail platform.
  • Users can now add multiple credit and debit cards to their PayPal account directly from BofA’s mobile app.

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

  • Neener Analytics Completes Proof-of-Concept with Jamaican Payday Lender.
  • Personetics Brings Cognitive Banking to Romania’s Banca Transilvania.
  • Hyperwallet’s Partnership with Lyric Brings Advance Royalty Payments to Artists
  • SumUp Facilitates Cashless Donations for the Church of England.

Around the web

  • AutoGravity announces new partnership with Infiniti.
  • New alliance with Mainsys helps bolster Temenos presence in Belgium.
  • Currencycloud unveils Global Collections to enable customers to receive cross border payments with less cost and less friction.
  • Flywire and Flutterwave partner on cross-border payments & receivables in Nigeria.
  • Cardlytics announces Q4 and full year 2017 financial results.
  • Somerset Trust Company selects Digital Onboarding for fully automated new account activation.
  • Finicity announces integration agreement with Ellie Mae to provide its digital asset verification solution through Ellie Mae’s Encompass platform.
  • XM.com expands use of Paydentity from iSignthis for China eKYC.

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

  • Excuse Me, Europe, Your Finovate is Showing.

Around the web

  • Avaloq wins its first Thai customer in Kasikornbank. See Avaloq at FinovateEurope in London this week.
  • Finicity adds verification reports to Advanced Data’s fraud prevention and enhanced verification tools for mortgage lending courtesy of new partnership.
  • Simility announces new VP of Business Development, Eric Newman.
  • FactoryNet profiles the new service processes app from Zuhlke Engineering. (in German).
  • McCullough Robertson Lawyers deploy Riverbed Technology’s SteelCentral Aternity solution to enhance productivity and boost innovation.
  • Kyiv Post highlights Softjourn among world’s top outsourcers.
  • Currencycloud introduces Richard Arudel as North America GM.

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

  • 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.

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.

Algomi

AutoGravity

Avalara

Behalf

Betterment

Blend

Chain

Coinbase

Credit Karma

Currencycloud

CurrencyFair

Fenergo

Financeit

Gusto (formerly ZenPayroll)

Juvo

Kabbage

Kensho

Kreditech

Klarna

LendUp

Moneytree

PayNearMe

Payoneer

Personal Capital

Plaid

Quantopian

Quovo

Revolut

Ripple Labs

Roostify

Signifyd

SocietyOne

Socure

Tink

Token

Tradeshift

Transferwise

TrueAccord

Trulioo

VATBox

Wealthfront

Xignite

Zooz

Zopa

Finovate Alumni News

On Finovate.com

  • Daon Adds EyePrint ID to IdentityX Platform Courtesy of New Partnership with EyeVerify.
  • Advisor Software Launches Myers-Briggs-Like Investment Risk Assessment Tool.

Around the web

  • American Banker covers Lending Club’s first securitization
  • InComm honored with two Best in Category awards at the 2017 Pay Awards.
  • Bankless Times features Arroweye’s targeted marketing campaigns.
  • Actiance announces Compliance Integration for Cisco Spark.
  • Currencycloud and Hyundai Card partner to launch Korea’s first mobile remittance service provided by a credit company.
  • Bazaarvoice adds 170 new jobs.
  • nCino expands Credit Analysis Capabilities to Give Financial Institutions’ Underwriting a Boost.

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.