Finovate Alumni News

On Finovate.com

  • Onfido to Power KYC for Arro Money.
  • IdentityMind Global Introduces Anti-Fraud Solution for ICOs.
  • Entrust Datacard Teams with Gemalto.

Around the web

  • Fiserv sells 55% of Lending Solutions business to Warburg Pincus.
  • Lendio announces new Lendio franchise in New Hampshire’s Seacoast Region.
  • Financeit appoints Dante Tamburro as general counsel and Chief Compliance Officer.
  • Ripple to power instant payments to China courtesy of new partnership with LianLian International.
  • The Future Laboratory leverages technology from Quid to build its Trends of the Trends 2018 report.
  • Mint2Save reviews universal mobile wallet app, Soundpays.
  • Gartner recognizes NICE as a leader in Workforce Engagement Management for a second year in a row.
  • PYMNTS interviews Jumio Director of Product Management, Reinhard Hochrieser on the challenges of abandonment in online banking.
  • Expensify unveils website enhancements to improve credit card import, simplify billing currency section.
  • Lend Street Financial and Marqeta earn spots in The Tech Tribune’s list of the 10 Best Tech Startups in Oakland.
  • National Australia Bank (NAB) to allow business customers to make payments directly via Xero’s accounting platform rather than its own online banking site.

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

  • Vera Hires First Chief Financial Officer and Adds Technical Talent.
  • Akamai Appoints Former Verizon CIO as Chief Information Officer.
  • Wealthfront Rakes in $75 Million.
  • Daon Forges Strategic Partnership with North African Technology Innovator GEMADEC.
  • Ghana Government to Leverage Entrust Datacard to Issue National ID Cards.

Around the web

  • Fintech News names Flywire 1 of 8 promising fintechs in Singapore to watch.
  • IDology listed among 50 fastest growing tech companies in 2017.
  • Fiserv VP of Product Strategy for Card Services, Jon Rosner talks about the pace of digital wallet adoption.

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

  • Envestnet Finalizes Acquisition of FolioDynamix for $195 Million.
  • In the Navy: nCino Brings its Bank Operating System to the World’s Largest Credit Union.
  • Kantox Closes Debt Financing.
  • Finovate Alums Garner $2.7 Billion in 2017; $721 Million in Q4 Alone.

Around the web

  • CIO Review names AI Foundry one of the 20 Most Promising Enterprise Information Management Solution Providers 2017.
  • nCino to power cloud-based digital platform to Navy Federal Credit Union.
  • Motor City Community Credit Union partners with Fiserv.
  • Elixirr interviews Personetics founder and CEO David Sosna.

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

  • Passport Raises $43 Million from Bain Capital.
  • Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management

Around the web

  • Finastra CMO Martin Häring discusses mobile payments with Tearsheet.
  • Abu Dhabi-based LuLu Exchange to deploy AML Risk Manager from Fiserv.
  • Ripple’s XRP now available on 50 exchanges worldwide.
  • Kinetica listed among ProgrammableWeb’s Most Interesting APIs in 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

  • Bluefin Buddies Up: Decryptx P2PE Network Grows to 50+ Connected Partners
  • Fiserv Teams with TransUnion to Enhance Automotive Loan Origination System
  • Azimo Brings Faster Money Transfers to Nigeria
  • eToro to Build Blockchain-Based Social Trading Products in Partnership with CoinDash
  • CashStar Launches Digital Gifting Program with Belk Department Store

Around the web

  • Mark Saltzman Interviews Flybits Founder & CEO on TD for Me (video).
  • API Evangelist features Streamdata.io.
  • LearnVest CEO Alexa von Tobel featured on NPR podcast How I Built This.
  • MapD unveils latest release featuring new geo heatmap , custom aliases, faster SQL sorts and more

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.

Fiserv Teams with TransUnion to Enhance Automotive Loan Origination System

Financial services company Fiserv and credit reporting agency and risk information provider TransUnion have joined forces today. Under the agreement, Fiserv will integrate TransUnion’s CreditVision Link to increase precision of scoring and risk modeling in its Automotive Loan Origination System.

Specifically, Fiserv will leverage data from TransUnion to identify high-risk and high-potential borrowers, including thin-file applicants, based on an evaluation of their credit application. This addition helps serve the underbanked population, raising Fiserv’s reach to potential underserved borrowers to 60 million. The additional data has also boosted the “super prime” customer base by 23 million.

Shaimaa Elk, Chief Information Officer, Lending Solutions for Fiserv said, “The partnership between Fiserv and TransUnion enables lenders to provide borrower-focused customer service and better optimize profitability, cost reductions, and efficiencies.”

CreditVision Link uses alternative data sources that include 30 months of data on factors such as address stability, checking account history, microloans/ alternative lending, and property ownership. TransUnion made a move to bolster the service last month when it acquired FactorTrust, a company specializing in alternative credit data, analytics, and risk-scoring. The terms of the deal were not disclosed.

Steve Chaouki, executive vice president and head of TransUnion’s financial services business unit, said that understanding clients is critical not only for decision making, but also for building customer relationships and loyalty. Chaouki added, “Our integration of CreditVision Link trended and alternative data sources into Automotive Loan Origination System enables lenders to score approximately 95 percent of the U.S. adult population.”

Founded in 1984, Fiserv most recently presented at FinDEVr New York 2017, where the company’s Sr. Product Manager, Jon Zimmermann, and VP of Electronic Payments, Paul Diegelman, addressed the audience in a presentation titled Payments Processing: Bank-Grade Standards, Now Available to Anyone. Earlier this year, Fiserv agreed to acquire Monitise for $89 million. The deal was finalized in September.

At FinovateFall 2016, TransUnion debuted Prama Insights, a suite of solutions that leverage data to offer lenders market intelligence. Prior to TransUnion’s acquisition of FactorTrust last month, the company acquired eBureau to enhance its versatile data and analytics capabilities. TransUnion is a publicly-traded company (NYSE: TRU).

Finovate Alumni News

On Finovate.com

  • NetGuardians Teams Up with Masaref Business & Systems Consulting.
  • Hyperwallet Now Supports Payouts from Amazon’s Australia Marketplace.
  • Multiple-Time Best of Show Winner Avoka Raises $12 Million in New Funding.

Around the web

  • Fiserv signs agreements with Illinois Educators CU in Illinois and Members Financial FCU in Texas.
  • ABN Amro leverages Matrix from Five Degrees to launch its wealth management solution, Prospery.
  • Overbond appoints George Harrington as new Head of U.S. Business Development.
  • FIS connects Fifth Third Bank customers to The Clearing Houses’ Real-Time Payments system.
  • Kinetica appoints Paul Appleby as CEO.
  • Experian Receives Top Workplace Honor for Fifth Consecutive Year.
  • Technical.ly: Privakey locks down patent for ‘a password-free future.’

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

  • AutoGravity Introduces Sheng Wang as New Chief Technology Officer.
  • nanopay Launches B2B Platform for International Commerce.

Around the web

  • Fiserv announces agreements with five credit unions to deploy its core account processing platform, DNA.
  • PNC goes live on real-time payments network via Finastra’s payment services hub.
  • Fifth Third Bank picks FIS to provide real-time payments for customers.
  • The San Diego Union-Tribune recognizes Jack Henry & Associates as a Top Workplace
  • RightCapital ends its second year reporting $20billion total assets linked to platform.
  • Wired names Meniga one of five Reykjavik startups to watch.
  • NYMBUS completes SOC 2 Type 1 Certification.
  • Avoka named in Deloitte Technology Fast 50 and joins CRN Fast50.

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

  • Klarna to Power Invoice and Credit-Based Payments for Worldpay Clients.
  • Prevoty Raises $13 Million in Series B.

Around the web

  • Fiserv partners with Boiling Springs Savings Bank and North Shore Trust and Savings to Provide End-to-End Debit and Card Solutions.
  • Global Debt Registry joins the Wall Street Blockchain Alliance.
  • Latin America’s largest bank, Itau Unibanco chooses WealthSuite from Temenos for its international private banking operations.
  • Token pledges to connect banks, merchants, and third party providers to any EU bank for PSD2 payments and 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

  • BankBazaar CEO Honored at India FinTech Awards 2017.

Around the web

  • ACI Worldwide inks licensing agreement with Payworks.
  • PayPal introduces new Invoicing Extension for with Facebook Messenger.
  • Commercial Bank of Ceylon embraces digital banking solution from Fiserv.
  • ThreatMetrix boosts speed, improves accuracy and reliability with Winter 2018 release of its digital identity network.

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.