Finovate Alumni News

On Finovate.com

  • Kony to Launch Digital Banking Solution Leveraging Daon Biometrics.
  • Roostify to Preview Decision Builder Tool to Ease Loan Application Process.

Around the web

  • NCR introduces its cloud-based mobile payment solution.
  • FICO partners with GVNG to provide non-profits with AML and KYC solutions.
  • Trustly added to Flywire platform as a preferred payment option courtesy of new agreement.
  • nCino scores top spot in Aite Group report on global commercial loan origination.

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

  • Responsive Tiles from Geezeo Help Banks Build Personalized Digital Experiences.
  • Accenture Acquires Verax to Boost Canadian Operations.
  • Urban FT Bids to Acquire Digiliti Money [UPDATE: Bid Rejected]

Around the web

  • Let’s Talk Payments interviews David Vélez, founder of Nubank.
  • Visa to encourage Australian banks to embrace biometric authentication in new security roadmap.
  • InComm buys distribution rights to American Express’ prepaid reloadable and gift card business in the U.S.
  • Flywire Simplifies Compliance with New Cross-Border Education Payment Requirements in Ireland.

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

  • Mountain America CU Chooses Digital Banking Platform from Alkami Technology.

Around the web

  • i-exceed to power CANDI, a fully digital banking branch of Canara Bank. Come see i-exceed demo at FinovateFall next month.
  • PYMNTS.com highlights Flywire’s progress in Asia.
  • SocietyOne Celebrates Five Year Anniversary Of Helping Customers.
  • Visions FCU Implements Gro Solutions’ Digital Sales Platform to streamline new member acquisition. Check out Gro Solutions at FinovateFall next month.
  • First Alliance Credit Union Latest to Implement Larky Engagement Platform.
  • Fenergo earns top spot in the 2017 RegTech Performance Report for second year in a row.
  • Chase and OnDeck agree to continue collaboration on small business lending solutions.
  • NICE unveils its compliance recording solution, NICE Compliance Center.
  • Eugene Danilkis, CEO and co-founder of Mambu, talks digitization, credit scoring, and lending to small businesses.

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

  • 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.