Finovate Alumni News

On Finovate.com

  • Behalf Teams Up with FinWise Bank to Boost Small Business Lending Options
  • Samsung to Power Biometric Authentication Pilot for Bank of America
  • ACH Alert’s Fraud Prevention HQ Empowers Account Holders to Stop Suspicious Transactions

Around the web

  • PayPal unveils two new innovation labs in India.
  • Albany, New York-based SEFCU chooses Fiserv as technology partner.
  • FICO selects Amazon Web Services as its cloud provider.
  • SF Chronicle profiles mortgagetech innovator, Unison, in feature on downpayment assistance for Bay Area homebuyers. Join them next month in New York for FinovateFall.
  • GoBankingRates highlights AutoGravity, M1 Finance, Venmo, Mint in list of best personal finance apps
  • ID.me hires Julie Filion as Chief Marketing Officer.
  • eMoney Advisor moving into Rhode Island offices, expects to hire 100 by 2020.
  • Flywire Offers Summertime Deal for International Tuition Payments with Mastercard.
  • StreetShares adds Heather Tuason as new Chief Product Officer.

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.

Flywire Expands Operations in Japan, Forms Partnership with Volvo

Cross-border payments and receivables platform Flywire (formerly peerTransfer) is marking international growth today. Less than a year-and-a-half after entering the Japanese market, the Massachusetts-based company has moved $60 million on behalf of Japanese schools and students.

Flywire has also signed on 90 schools in Japan, including Yamanashi Gakuin University, Globis University Graduate School of Management, Kumamoto Gakuen University, Chuo College of Technology, eight YMCA Vocational Schools, Kyoshin Group Schools, Meiko Network Group Schools, Sendagaya Japanese Language School, Arc Academy, and Akamonkai Japanese Language Schools.

“International education is thriving in Japan, and it’s one of the key countries in our expansion in the Asia-Pacific region,” said Mike Massaro, CEO at Flywire. “We have an outstanding team in place focused on serving the needs of both educational institutions and students to make the cross-border payment and receivable process easy, efficient and transparent for all involved.”

Earlier this month, Flywire announced an agreement with Volvo to support the vehicle manufacturer’s new program that helps international students lease a Volvo car while they attend school overseas. With a single payment upfront, students can borrow a new Volvo vehicle for their term at school, with maintenance and insurance included. At the end of the school term, the student returns the vehicle to the dealer. Through the agreement, Flywire will not only facilitate payment tracking and reconciliation with Volvo Car Financial Services, it will also enable the borrower– the student– to pay in their preferred currency.

Since it was founded in 2011, Flywire has processed $5 billion in educational payments. The company is partnered with more than 1,300 organizations across 18 countries and the service works in 220 different countries and territories with 120 different currencies. Earlier this summer, Flywire partnered with PayPal to offer clients a new channel through which to send and receive money. The company presented its original tuition payment platform at FinovateSpring 2011. Flywire has raised a total of $43.2 million.

Finovate Alumni News

On Finovate.com

Around the web

  • BanqUP announces alpha roll-out alpha of SME fintech bank.
  • Flywire announces record results in payments processed and institutions and students served in the past year.
  • Expensify ships 5 new travel integrations.
  • Revolut’s new feature allows users to generate their own IBAN for Euro transactions.

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.

Flywire Teams with PayPal for Cross-Border Payments Method

It may be money that makes the world go ’round but that only works if money goes ’round the world. Cross-border payment and receivables solution, Flywire (formerly peerTransfer) is seeking to facilitate that movement. Now, the Boston, Massachusetts-based company announced it has teamed up with PayPal to offer clients a new avenue for sending and receiving international payments.

The PayPal payment method is available to Flywire clients in the European Union, the U.K., the U.S., and Canada. Flywire anticipates the new development will help clients “streamline the management and tracking of international receivables.” Ryan Frere, Vice President of Global Payments for Flywire, said the new payment option “furthers our objective of taking the friction out of international payments and making them every bit as familiar, easy and convenient as domestic payments.”

Flywire was founded in 2009 when it was originally known as peerTransfer. In 2015, the company added offices in Spain and expanded its focus beyond international student tuition payments to include cross-border payment offerings for heath care and businesses– a move the company announced in March of this year. Flywire presented its original tuition payment platform at FinovateSpring 2011. The company has raised a total of $43.2 million. Mike Massaro is CEO.

Finovate Alumni News

On Finovate.com

  • Yoyo Wallet Raises $15 Million in Series B.
  • Flywire Teams with PayPal for Cross-Border Payments Method.
  • Fintonic to Use $28 Million Round to Move Beyond Loans and Insurance.

Around the web

  • IdentityMind Global to offer Confirm.io’s document authentication technology to its financial services customers.
  • transcosmos to integrate with Tradeshift Japan to help businesses digitalize their indirect operations and accelerate transactional speed
  • Coinbase is reimbursing losses caused by the Ethereum flash crash.
  • Backbase scores fintech deal in Norway with SSF Bank.
  • Fiserv partners with GoldBean to provide a digital adviser offering extra assistance.
  • Meniga & Islandsbanki partner to deploy new card-linked offer platform reaching more than 30% of households in Iceland.
  • Jumio partners with Monzo for strong identity verification.
  • mBank moves into fintech vendor space with new digital banking system.
  • JCB International partners with iSignthis to enable SEPA transactions.

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

  • Trusona Launches #NoPasswords for Salesforce.

Around the web

  • Expensify launches ScanSnap Integration in the U.K.
  • eMoney wins “Best Wealth Management Platform” Award.
  • Flywire (fka peerTransfer) teams with Cashnet to improve global payments for schools, students, and families.

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 FinDEVr.com

On Finovate.com

  • Finovate Debuts: W.UP Offers a Library of Customer Insight Tools for Cross-Selling.

Around the web

  • Cachet Financial Solutions and Central Bank of Kansas City selected as the prepaid mobile banking provider of choice by ICBA Bancard.
  • Flywire (fka peerTransfer) expands to accept cross-border B2B transactions below the interbank rate.
  • WePay now accepts Apple Pay, Android Pay.
  • mBank announces new €50 million fintech fund for CEE startups.
  • South African payment service Peach Payments to offer merchants mobile checkout option using ACI mSDK from ACI Worldwide.
  • Misys earns top honors in three categories at the Xcelent 2017 awards.
  • Wipro unveils its digital consultant cloud bot, HOLMES.
  • Corning FCU ($1.29 billion) partners with Insuritas to improve insurance offerings for its more than 100,00 members.
  • InSpirAVE launches #SaveForWhatMatters podcast.

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

  • “From API to UX/UI: A Preview of FinDEVr 2015

Around the web

  • Stratos wins Fast Company’s Innovation by Design Award, the company’s third product award.
  • Business Insider ranks Algomi, Currency Cloud, eToro, Nutmeg, Zopa, and TransferWise among top fintech companies in Britain.
  • Concur integrates with GigSky to enable travelers to access the internet while traveling.
  • Dwolla expands its credit services to include instant money transfers among friends and family.
  • Let’s Talk Payments lists 25 top alternative lending startups including OnDeck, Street Shares, Zopa, and Lending Club.
  • Xero previews two new features—billable expenses and invoice reminders—for small-business users of its platform.
  • peerTransfer announces U.S., Europe expansion; rebrands as Flywire.
  • TSYS to expand its Enterprise Tokenization technology to support Android Pay.
  • Red Giant launches its Red Giant Family Plan to offer families a way to manage daily spending.
  • iSignThis‘ KYC services now satisfy U.S. anti-money laundering requirements.
  • PayPal explains its recently launched API Transactions Dashboard.
  • BehavioSec joins PwC’s Accelerator Programme.
  • Lending Club’s Carrie Dolan named one of American Banker’s 2015 Most Powerful Women in Finance.
  • Personal Capital appoints Mark Goines as CMO.
  • Matt Compton becomes COO of Simple, which has tripled its staff to 300 employees from February 2014.
  • TechCrunch features Lending Club’s coming-of-age story.

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.