Finovate Alumni News

On Finovate.com

  • SocietyOne Appoints New CEO as it Nears $500 Million in Total Lending.

Around the web

  • Coinbase rebrands its crypto wallet Toshi as Coinbase Wallet; announces acquisition of Distributed Systems.
  • Experian unveils new integrated data and analytics platform, Ascend Analytics on Demand.
  • ID.me to provide its digital credentialing service to government agencies and healthcare organizations as a white label offering in 2019.
  • Kofax earns spot on the Constellation ShortList for Robotic Process Automation.
  • Biometric Update features Jumio, Mitek, and Onfido in a review of digital identity verification providers.
  • Breaking Banks highlights EverSafe in a conversation on how fintech is meeting the needs of an aging population.
  • Ad Exchanger: Cardlytics Says It Hopes To Expand Beyond Bank-Owned Media.

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

  • Using Your Data to Stay Alive.

Around the web

  • BBVA Compass leverages MX for financial management tools.
  • CNBC: Ripple wants to target China with blockchain-based payments
  • ID.me approved as NIST 800-63-3 conformant.
  • Industrial Bank of China selects Avaloq to provide a banking solution for its private-banking branch in Hong Kong.
  • Entrust Datacard receives patent for card personalization process
  • Los Angeles Business Journal names CoverHound a Top Place to Work for 2018.

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

  • Mitek Acquires A2iA for $49.7 Million.
  • WeInvest Raises $12.3 Million for its WealthTech Platform.
  • Finovate Alums Take Top Honors at FinTech Breakthrough Awards.
  • PaySend Adds KYC and Risk Management Technology from 4Stop..

Around the web

  • Deutsche Bank Luxembourg to deploy Avaloq Banking Suite.
  • Temenos unveils new digital onboarding and origination platform, Temenos Origination.
  • Revolut announces support for XRP and Bitcoin Cash.
  • Moneyhub integrates with Intelliflo to enable real-time, two-way sharing between financial advisors and clients.
  • Klarna acquires e-commerce shopping cart, Shop.co.
  • Sberbank to test ICO technology issued by Level One.
  • Tinkoff Bank to launch a new Development Hub in Sochi.
  • ID.me teams with LinkedIn to provide one year of LinkedIn Premium for free to U.S. service members and veterans.

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.

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List

When you think about it, what’s cooler than being named to a Who’s Who list in the world of digital identities?

One World Identity, an independent identity research and strategy company that specializes in cybersecurity, digital commerce, and risk management, published its roster of the Top 100 Influencers in Identity this week. This year, 20 Finovate alums made the cut. The individual influencers – as well as the companies they work for- are listed below.

As with last year’s roster, this year’s list was compiled by taking nominations submitted via Twitter, LinkedIn, and at oneworldidentity.com. The staff and advisory council for One World Identity whittled down the initial list of more than 1,000 nominees to a final 100.

One World Identity began as a project from a group of Google employees back in 2015. The company was officially launched the following year as a way to help spur innovation and collaboration in the field of digital identities. Travis Jarae is founder and CEO.

ID.me Powering Single-Sign On for VFW’s Digital Platforms

Identity management platform ID.me has landed a new client this week. Veterans for Foreign Wars of the U.S. (VFW) can now offer its members a more streamlined and secure online experience with ID.me’s single-sign on capabilities.

After VFW members sign up for an account at ID.me, the Virginia-based company issues them a single username and password. Members use these credentials to log in to the VFW Online Membership System, access VA benefits on Vets.gov, and gain access to military discounts from 200+ retailers.

This is a sizable win for ID.me, whose founder and CEO Blake Hall is a third generation soldier, former Army Ranger, and graduate of West Point. With this new client, the company has access to VFW’s 1.7 million members, all of whom stand to benefit from a simplified sign in process and secure way to prove their veteran status. The announcement of this client comes just a month after the company teamed with General Motors to support its military discount program.

“Trying to remember the login information for several different online accounts is difficult, and further, verifying your identity online can be a cumbersome process,” said VFW National Commander Keith Harman. “So we’re glad to be able to provide our members with a simple solution.”

At FinovateSpring 2017, Hall showcased how ID.me streamlines account opening, regulatory compliance, and customer support for banks and fintechs using identity that is accredited by the federal government. Last month ID.me surpassed 5 million users and in October, the company partnered with Finovate alum ThreatMetrix to deliver ID verification for government and commercial digital services. The company has raised a total of $45.8 million.

Finovate Alumni News

On the web

  • Scalable Capital Launches in Switzerland.
  • Gusto Partners with Accounting Platform Aplos.
  • Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain.
  • ID.me Powering Single-Sign On for VFW’s Digital Platforms

Around the web

  • ACI Worldwide announces its UP Merchant Payments solution now available as a cloud-based service.
  • Truphone, Featurespace and PayStand win spots on The Silicon Review’s 50 Smartest Companies list for 2017.
  • Bank Info Security features Nick Armstrong, CEO and founder of identitii.
  • Walmart Labs veteran Adnan Habib joins Roostify as VP of Engineering.
  • Realty Mogul appoints interim Chief Investment Officer Chris Fraley as its official CIO.
  • Klarna extends its partnership with ACI Worldwide.

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.

ID.me Reaches 5 Million Users, Appoints C-Level Execs

Digital identity platform ID.me has reached a milestone this week. The Virginia-based company now counts 5 million users on its platform.

Along with user growth, ID.me has also scaled its employees, having grown to 60 employees since launching in 2010. In a press release, the company’s founder and CEO Blake Hall said that digital identity has reached a “tipping point.” He explained, “C-suite executives across industries are asking their teams how to protect consumer data from fraudulent actors… ID.me provides a layer of trust to ensure identity is verified and securely authenticated, moving away from relying solely on static identifiers like SSN and date of birth to devices and biometrics.”

To support this growth, ID.me has brought on two new C-level executives– Michael Morrison as Chief Financial Officer and Mike Brown as Chief Technology Officer.  Before joining ID.me, Morrison served as CFO for Qology Direct, a performance-based sales and marketing company. He has also held senior finance and operational positions at American Express, Virgin Mobile USA, Sprint, and XM Satellite Radio. Brown was a founding member of comScore, having served as its CTO for 6 years. He has submitted 24+ patent applications, of which 15 were approved. These are not the first C-level appointments ID.me has made this year. In August, the company hired Julie Filion as Chief Marketing Officer.

ID.me simplifies how individuals share their identities online by offering a network where users verify their identity once and are able to use that digital credential across the web to prove their who they are. The platform is designed to work especially with hard-to-define user groups such as military veterans, public service workers, and teachers. At FinovateSpring 2017, Blake Hall showcased how ID.me streamlines account opening, regulatory compliance, and customer support for banks and fintechs using identity that is accredited by the federal government.

Last month ID.me teamed up with General Motors to support their military discount program. In October, ID.me partnered with Finovate alum ThreatMetrix to deliver ID verification for government and commercial digital services. The company has raised a total of $45.8 million.

Finovate Alumni News

On Finovate.com

  • Backbase 6 Features New Digital Banking Backend, Open Banking and PSD2 Readiness
  • DoubleNet Pay to Power Cash Flow Management Tool for T. Rowe Price
  • SBDA Group Closes Series A Investment Round
  • ID.me Reaches 5 Million Users, Appoints C-Level Execs
  • BLUERUSH Introduces New CEO and Director Steve Taylor

Around the web

  • Filene interviews Larky CEO Gregg Hammerman on the company’s recent VISA partnership.
  • PR Savings Bank in APAC signs with Temenos.
  • Ripple completes XRP Lockup to create certainty of XRP supply at any given time.
  • ACI Worldwide receives SWIFT gpi certification for itsUniversal Payments (UP) Real-Time Payments solution.
  • Facebook Messenger chief David Marcus joins Coinbase board.

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.

ID.me Teams Up with General Motors to Support Military Discount Program

Making sure the beneficiaries of any rewards or loyalty campaign are truly qualified is key to ensuring the program works as planned. To this end, General Motors has called on digital identity platform, ID.me to provide ID verification for its GM Military Discount Program.

This week’s partnership takes ID.me back to its roots in many ways. In a statement, ID.me co-founder and CEO Blake Hall said, “I founded ID.me after observing a veteran display his DD-214 separation paperwork, which listed all of his sensitive personal information, just to prove his military service to an organization. There had to be a better way.” Since then, ID.me says it has provided verification services for more than half the active duty military community and “millions of veterans” using the same Troop ID feature the company is bringing to GM’s Military Discount Program.

ID.me CEO and co-founder Blake Hall demonstrating ID.me Identity Gateway at FinovateSpring 2017.

The discount program is available to eligible service members purchasing new Chevrolet, Buick, or GMC vehicles. Those on active duty, as well as reservists and National Guard members are eligible, as are veterans within one year of their discharge date, and retirees of the U.S. Air Force, Army, Coast Guard, Marine Corps, and Navy – as well as their sponsored spouses.

Founded in 2010 and headquartered in McLean, Virginia, ID.me demonstrated its Identity Gateway at FinovateSpring 2017. The company’s technology provides affiliation verification and online identity authentication that helps fight fraud and identity theft. In October, the company announced a partnership with fellow Finovate alum ThreatMetrix to provide ID verification for government and commercial digital services. And in September, ID.me announced support for FIDO U2F (Universal Second Factor) security keys. Former Moneygram International executive Julie Filion joined the company as Chief Marketing Officer in August, and in May, ID.me won the Trailblazer Award at the 1st Annual K(NO)W Nodes Awards Show.

ID.me has raised more than $45 million in funding, including a $19 million Series B led by FTV Capital in March of this year. The company’s platform has more than 200 partners including federal agencies, state governments, veterans groups, and e-commerce retailers. Blake Hall himself is a veteran of the U.S. Army, receiving a pair of bronze stars for his service in Iraq.

Finovate Alumni News

On Finovate.com

  • Coinbase Names Asiff Hirji as President and Chief Operating Officer.
  • ID.me Teams Up with General Motors to Support Military Discount Program.

Around the web

  • Forrester Research names TIBCO a leader in Enterprise Data Virtualization.
  • Entrust Datacard acquires cloud cryptographic service provider, Trustis Limited.
  • Finastra finishes testing to provide connectivity to the European instant payments infrastructure.
  • The Silicon Review features IDology in its list of the 50 fastest growing tech companies in 2017.
  • Credit Strategy reviews how Intelligent Environments won the Best Collections Technology Award.
  • Voleo enables cryptocurrency trading on its SimuTrader 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.