Finovate Alumni News

On Finovate.com

  • Daon Partners with Tradelink to Bring Biometrics to Dah Sing Bank.
  • AI Foundry Overhauls Agile Mortgages Solution.

Around the web

  •  Klarna partners with EMaC, a U.K. automotive service plan provider, for a drive now, pay later service.
  •  Paysend triples its customer base over the last 6 months.
  • eToro announces that clients can now invest directly in shares on the platform.
  • MX appoints Ben Holzman, a former managing director of Bain Capital Ventures, as new COO.
  • TechCrunch: Coinbase opens its crypto index fund to accredited U.S. investors.
  • Langley FCU to deploy Symitar Episys core processing platform from Jack Henry & Associates.
  • Mambu announces new board member, former SAP CEO, Henning Kagermann.
  • Revolut partners with Cyprus-based telecommunications company, PrimeTel.
  • First Data and Mastercard collaborate on a digital disbursement platform for business customers.
  • Entersekt opens new office in Atlanta, Georgia to support the company’s growth in North America.
  • The Open Bank Project collaborates with Citizens Bank on innovation event.
  • First National Bank Texas ($1.8B Assets) selects Insuritas to power turnkey insurance agency.
  • Prosper resumes operations for Montana residents

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 Global: Fintech News from Around the World

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

MENA

  • Dubai’s mobile-only, millennial-focused digital bank Liv celebrates acquiring more than 10,000 new customers every month in its first year of operation.
  • Islamic banking technology provider Path Solutions recognized as vendor of choice for Sharia-based core banking platforms by IBS Intelligence.
  • Dubai-based insurtech startup Aqeed raises $18 million in fuding one month after launch.

Africa

  • Africa-based digital payments solution company Cellulant has raised $47.5 million in Series C funding.
  • Hypepotamous profiles South African authentication specialist Entersekt.
  • Wala, which leverages blockchain technology to power its mobile money solution, goes live for Android users in Uganda, Zimbabwe, and South Africa.

LATAM

  • Kyriba announces plans to boost investment in Latin America and help CFOs and treasurers modernize cash, risk, payments, and working capital optimization.
  • Morgan Stanley to buy $14 million  (50 million reais) in bonds from Brazilian online lender Geru Tecnologia e Servicos.
  • Forbes.com looks at the future of financial technology in Mexico

CEE

  • Polish Credit Office, the largest credit bureau in Central and Eastern Europe, to use blockchain technology from Billon to store and access credit histories of more than one million businesses and 24 million people.
  • Mirror, mirror, on the wall, which CEE country has the most fintech companies of all? According to Unicredit, Bulgaria wins the top spot with 70 registered and working firms.
  • Revolut hires former Lead Marketing Manager of Uber Romania, Irina Scarlat, as its new Country Manager for Revolt Romania.

Asia

  • EY Asean markets managing partner Liew Nam Soon discusses the growth of Vietnam’s fintech industry.
  • Singapore Business Review looks at how blockchain technology could revive Thailand’s trade finance sector.
  • Hong Kong’s fintech unicorn WeLab plans to be among the first companies to apply for a virtual banking license from Hong Kong Monetary Authority.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • PeoplesBank Partners with Gro Solutions to Enhance Mobile and Online Experience.
  • Stash Teams with Green Dot to Become a Challenger Bank.

Around the web

  • Lending Club announces Bahman Koohestani as Chief Technology Officer.
  • Yahoo partners with PayPal to make Braintree available to online sellers using Yahoo Merchant Solutions and Yahoo Stores platforms.
  • Main Street Softworks adds support for Bluefin’s Decryptx PCI-validated P2PE Decryption-as-a-Service.
  • PYMNTS.com features a conversation with Entersekt Chief Commercial Officer Dewald Nolte.

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

  • FinovateEurope Best of Show Winners Announced.
  • Welcome to Day Three of FinovateEurope.

Around the web

  • Ripple partners with Japanese banking consortium to launch mobile payments app, MoneyTap.
  • S&P Global to acquire Kensho in cash and stock deal valued at $550 million.
  • Banque du Caire to deploy core banking technology from Temenos.
  • TransferTo and Sentbe team up to provide real-time money transfers from South Korea to more than 60 countries.
  • Coinbase unveils new index fund to provide investors with exposure to all digital assets on its GDAX exchange.
  • Entersekt launches Connekt, a digital commerce enablement solution that makes it easy to add new payment services to banking apps.
  • Finicity partners with MortgageHippo to streamline and accelerate the verification process in mortgage lending.
  • Baker Hill announces strategic alliance with Built Technologies, a Tennessee-based construction lending software provider.

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.

Equifax Adds Entersekt’s Transakt Technology to Better Secure Online and Mobile Services

Less than a week after announcing its partnership with mobile authentication and e-commerce enablement firm, ForgeRock, Entersekt is back in the fintech headlines with news that Equifax will deploy the South African firm’s Transakt solution as an additional layer to protect Equifax’s online and mobile services.

“We are excited to team up with Equifax in enhancing protection of its customers’ identities and personal data,” Entersekt’s North America SVP Sherif Samy said. “This alliance plays into our long-standing strategy of partnering with leading global companies to assist them in launching products and services that represent the best in digital innovation, usability, and security.”

Transakt supports an intuitive, one-touch authentication experience for users. The solution sends the user a real time authentication request via their mobile device whenever a digital identity or account is required. The user simply approves or blocks access by tapping “Accept” or “Reject” to enable or prevent access. Transakt uniquely identifies each registered device, ensures its continued integrity as a factor of authentication, and creates a channel between the device and the digital service provider through which identities are confirmed and sensitive digital transactions conducted.

Gaurav Khanna, SVP for Global Product Management and New Product Innovation added, “Entersekt’s market leading offering enables us to expand our trusted services to various new digital channels. Adding Transakt to our platforms provides us with a secure way to identify, reach out to, and interact with our customers.”

A participant in our 2014 developers conference, FinDEVr Silicon Valley, Entersekt’s CTO discussed cybersecurity challenges in a presentation titled, “Securing Mobile Applications through Transport Layer Diversity.” Since then, the company has partnered with FirstBank ($15 billion in assets), teamed up with multiple Finovate Best of Show winner Backbase, and worked with fellow Finovate/FinDEVr alum CREALOGIX. Founded in 2008, Entersekt is based in Stellenbosch, NA, South Africa. Schalk Nolte is CEO.

Finovate Alumni News

On Finovate.com

  • Equifax Adds Entersekt’s Transakt Technology to Better Secure Online and Mobile Services.
  • AutoGravity Announces Partnership with U.S. Bank.

Around the web

  • Diebold Nixdorf appoints Gerrard Schmid as new CEO.
  • Worldpay launches DataEdge for Financial Institutions.
  • DCU selects Digital Onboarding to simplify the new account activation process.

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.

Entersekt Joins ForgeRock Trust Network as Principal Technology Partner

Mobile-first authentication and e-commerce enablement specialist Entersekt announced today that it has joined the ForgeRock Trust Network as a principal technology partner. ForgeRock provides identity and access management solutions to financial services, retail, healthcare, and communications companies as well as to educational institutions and governments including Belgium, Canada, New Zealand, and Norway.

“Entersekt will bring our customers powerful, proven authentication options that will add great vale to the exciting digital transformation projects they are embarking on with ForgeRock,” Ben Goodman, VP of global strategy and innovation for ForgeRock said. Entersekt’s advanced mobile app security, authentication, and digital signing solutions integrate seamlessly into ForgeRock’s identity and access management platform, giving customers an easy way to secure individuals, connected devices, and services.

“As Entersekt did with push-based authentication, so has ForgeRock reimagined identity and access management, rearchitecting it from the ground up,” Entersekt CCO Dewald Nolte said. “Besides our game-changing complementary technologies, it’s that pioneering approach that I believe will benefit mutual customers the most. It promises to spur further innovation and help deliver to end users the best mobile experiences available anywhere.”

Entersekt’s solutions can be applied to a variety of challenges including mobile app security, strong authentication, payments enabling, digital signing, biometric enablement and regulatory compliance. The company’s flagship products are Transakt, which provides one-touch, multi-factor authentication for digital banking and payments, Interakt, which enables push USSD, out-of-band communication for feature phones, and Connekt, which provides secure and seamless e-commerce enablement. Entersekt secures 150 million digital transactions every month in 45 countries, protecting tens of millions of end users.

Entersekt participated in our developer’s conference, FinDEVr Silicon Valley 2014, with a presentation titled Securing Mobile Applications Through Transport Layer Diversity. Headquartered in Stellenbosch, NA, South Africa and founded in 2008, the company includes RMI and Endeavor Catalyst among its investors. Schalk Nolte is CEO.

Finovate Alumni News

On Finovate.com

  • Entersekt Joins ForgeRock Trust Network as Principal Technology Partner.
  • Kony to Power Digital Initiative for Partners FCU.

Around the web

  • Software Group goes live on Temenos Marketplace.
  • Finastra introduces tailored Fusion Treasury solution for Russia and the CIS.
  • FIS announces partnership with nexo standard to build compliance testing tools.
  • Wall Street Journal profiles mortgagetech innovator Unison.

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

  • NuCypher Raises $4.3 Million from Token Sale and VC Funds
  • Simility Adds PayPal as Strategic Investor in Latest $17.5 Million Fundraising

Around the web:

  • INETCO adds centralized switch application performance monitoring capabilities within the INETCO Insight software platform.
  • CFCU Community Credit Union Selects nCino to Boost Operational Efficiencies.
  • Blackhawk’s CashStar powers the launch of enhanced consumer gift card ecommerce program for Chico’s FAS
  • Tuition.io to power Student Loan Debt Reduction benefit to their Educational Assistance Program for MidWestOne Financial Group.
  • VentureBurn lists Entersekt as 1 of 8 12 South African startups to watch in 2018.
  • Vanguard turns to Symbiont smart contracts to simplify index data sharing process.

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 Receives $30 Million in Funding Round Led by Experian.
  • Feedzai Secures $50 Million in New Funding.
  • BlueVine Lands $130 Million in Debt Financing.
  • Sensibill Brings Receipt Management to Royal Bank of Scotland’s Business Banking Customers.

Around the web

  • Entersekt hires Sherif Samy as SVP for North American operations.
  • Visa and Billtrust team up to streamline B2B payment reconciliation and support automation of virtual card payments.
  • PayPal announces Vemno is now payment option at more than two million U.S. retailers.
  • Narrative Science wins Microsoft Office 2017 App Award for Best Business Value.
  • TransCard partners with ExpenseAnywhere to Deliver Automated Payment Process Management 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.