Finovate Alumni News

On Finovate.com

  • Optimove Acquires PowerInbox’s DynamicMail Business.
  • CardFlight Teams Up with Paya to Bring EMV-Ready Payment Solutions to Merchants.
  • Coinbase Unveils Institutional Grade Solutions for Cryptocurrency Trading.

Around the web

  • Currencycloud and Cashplus partner to help SMEs save on international payments.
  • New risk screening feature from Thomson Reuters filters unstructured data to help FIs fight financial crime.
  • IdentityMind Global to help decentralized private social media platform, ONe Network, meet KYC and AML compliance requirements.
  • Honor Credit Union ($850 million in assets) to launch member-owned, digital insurance agency courtesy of new partnership with Insuritas.
  • Consumers Credit Union ($968 million in assets) credits boost in deposit account openings to December deployment of digital sales platform from Gro 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.

 

FinovateSpring Sneak Peek: IdentityMind Global

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

IdentityMind Global will be demoing its KYC Plugin that enables companies to perform required KYC and AML checks on ICO participants and highlight that the company is GDPR ready.

Features

  • Directs participants through the entire KYC process
  • Offers a KYC ruleset that meets different countries’ regulations
  • Provides reports to satisfy examiners and regulatory auditors

Why it’s great
IdentityMind Global has worked with 80+ ICO clients in 20 countries evaluating 400,000+ users in nearly 80 countries who contributed more than a billion dollars.

Presenter

Jose Caldera, Chief Marketing Officer
Caldera has been developing and marketing high technology products for the last 20 years. He has developed and marketed products for Securify, McAfee, and IdentityMind Global.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Kabbage Confirms: Orchard Acquisition Adds to Data Science Capabilities.

Around the web

  • Five payment originators from EU and Asia to take advantage of Ripple’s xVIA API to transfer money via RippleNet.
  • Klarna announces its integration with Magento Commerce as a Core Bundled Extension.
  • Avaloq acquires 10% stake in Swiss cryptocurrency firm Metaco.
  • Banesco USA picks nCino’s Bank Operating System to enhance its commercial lending process.
  • Symphony Software Foundation rebrands as FINOS, expands charter, adds new corporate members.
  • Kashoo receives a 5 Star Rating From FitSmallBusiness.
  • Jumio achieves record-breaking sales in Q1 2018, a 400% increase YoY.
  • Lending Club responds to the FCC’s complaint.
  • Alight Solutions leverages Personal Capital’s digital wealth management tools to launch WealthSpark.
  • Apple Bank selects Continuity for Compliance Change Management.

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

  • SecuredTouch Receives $8 Million Strategic Investment from Arvato Financial Solutions.
  • Unison Sees 1,000% YoY Growth in Originations.

Around the web

  • IdentityMind Global partners with Etherparty Smart Contracts to provide KYC and AML compliance support. See IdentityMind Global at FinovateSpring next month.
  • Intesa Sanpaolo Private Banking Suisse to deploy Business Process as a Service (BPaaS) solution from Avaloq.
  • Finastra goes live with its blockchain-based syndicated lending market solution, Fusion LenderComm.
  • Forbes interviews Andrea Gellert, CMO of OnDeck.
  • Ebay And PayPal finalize new payments agreement.
  • Listrak and Persado announce strategic integration.
  • Q2 and StoneCastle partner with MoneyLion to offer deposit accounts and debit cards.
  • EverTrust Bank hires Insuritas to launch digitally powered insurance agency.
  • Backbase powering SSF Bank’s new mobile banking application.

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

  • Avoka Partners with Alpine Bank to Provide Custom Account Opening Experiences.
  • Fidor’s New Partnership Takes Aim at Financial Inclusion.

Around the web

  • Telia Finance to deploy core banking solution from Temenos.
  • Fidor signs memorandum of understanding with International Finance Corporation (IFC) to expand services to reach the underbanked in Africa and Latin America.
  • Town Square Bank of Ashland, Kentucky chooses Jack Henry’s SilverLake System to support its commercial and retail growth.
  • Cherokee Strip Credit Union hires Insuritas to launch member-owned, digital insurance agency.
  • Finicity to support push for self-sovereign identity as founding steward and data aggregator for the Sovrin Foundation.
  • CardFlight introduces countertop payment terminal for small businesses.
  • AirTM partners with IdentityMind Global to help Venezuelans access stable money that holds its value.

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

  • Ripple Joins Hyperledger Project, Launches Hyperledger Quilt Project.
  • Moxtra Collaborates with OCBC Bank to Help Pilot New Mobile App.
  • MicroStrategy Powering Kasasa’s New Insight Solution.

Around the web

  • ThePaypers interviews BioCatch VP Frances Zelazny.
  • Charlotte Business Journal recognizes LendingTree Senior Talent Development Manager Tess Ausman in its 40 Under 40 for 2018 roster.
  • PYMNTS.com talks with Socure CEO Sunil Madhu on Facebook’s challenges with user data.
  • Park Plymouth in Plymouth, Massachusetts deploys Passport’s mobile parking app, PassportParking.
  • IdentityMind Global named to Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry list.
  • Josh Glover, EVP of the Americas for nCino talks with PYMNTS.com about the importance of the customer experience in corporate banking and lending.
  • InfoQ interviews Eric Horesnyi, CEO at streamdata.io.
  • Check Point Software Technologies teams with TrapX Security to launch real-time visibility, threat detection, and rapid threat containment solution.
  • VM Blog interviews Arvin Hsu, Senior Director of Data Science and Machine Learning at GoodData.
  • Spacequant earns finalist spot in PitchIt competition at Lendit Fintech conference.
  • Sberbank Enters Cloud Products Market.
  • ITSector launches ITSCredit spinoff (news in Portugese).

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

  • Bambu Goes Global, Launches London Office, Adds Technical Talent.
  • 3dcart Picks Payoneer for New Cross-Border Payments Partnership.

Around the web

  • Thomson Reuters enhances the investment portfolio risk management functionality of its Eikon solution by integrating MSCI’s RiskMetrics technology.
  • Avaloq announces status as founding partner of FinTech Scotland.
  • IdentityMind Global collaborates with digital shopping platform, Fluz Fluz, to boost KYC and AML compliance.
  • CNH Industrial Capital America (CNH) chooses FIS’ asset finance solution to manage its commercial contract and lease portfolio.
  • SuperMoney surpasses $500 million in loan requests processed since launch in April 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

  • LendingTree Launches Free Credit Monitoring.
  • eToro Raises $100 Million in Series E.
  • NICE Actimize Launches AI-Powered Financial Crime Investigation System.

Around the web

  • Hyperwallet tackles payments for staffing and recruiting platform tilr.
  • Compass Plus offers active-active database clustering on TranzAxis.
  • Steward Bank selects NetGuardians to help fight against fraud.
  • Kasasa named one of “2018 Best Places to Work in Financial Technology” by American Banker
  • CardFlight announces that over 80% of SwipeSimple merchants have been upgraded to EMV quick chip payment acceptance.
  • Revolut launches disposable virtual cards for online payments.
  • ACI Worldwide teams up with Shanghai-based UnionPay International.
  • IdentityMind Global announces GDPR-readiness ahead of the EU’s May 25th deadline.
  • MaxMyInterest adds former TD Ameritrade executive Tom Bradley to Advisory Board.
  • NICE Actimize unveils new AI-powered financial crime management solution, Actimize ACTone.

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

  • A Look at CUneXus’ Strong Growth in 2017.
  • Avaloq to Power Private Banking for KASIKORNBANK.

Around the web

  • IdentityMind joins DataBroker DAO alliance.
  • NuData Security CEO Michel Giasson Named One of the Top 100 Influencers in Identity by One World Identity.
  • Guardian Analytics Announces AML Evidence Lake Platform.

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.

IdentityMind Global Raises $10 Million to Fuel Global Growth

In a Series C round led by Benhamou Global Ventures and Eastern Link Capital, IdentityMind Global has secured $10 million in new funding. The investment, which also featured the participation of Hanna Ventures, Overstock.com, and Zanadu Capital Partners, will help support the digital identity specialist’s expansion within international markets and to grow its new business unit designed to provide KYC and AML solutions for ICO and cryptocurrency markets.

“We feel privileged to be working with an elite group of high quality investors who have a proven track record of success,” IdentityMind Global CEO Garrett Gafke said. “The market demand for digital identity-based solutions in today’s global digital economy is booming. IdentityMind, the pioneer in digital identities, with hundreds of customers spanning six continents, is uniquely positioned to meet growing global market demand.”

An alum of Finovate’s developer conference series, FinDEVr, IdentityMind Global is looking specifically to markets in Asia, Latin America, and Europe for expansion. And with regards to the new market of ICOs and cryptocurrencies, the company’s announcement comes only one week after unveiling its new business unit dedicated to providing anti-fraud solutions for ICOs.

Overstock.com CEO and IdentityMind investor Patrick Byrne referenced the rise of ICOs and their needs in the funding announcement. “ICOs and cryptocurrencies are going mainstream and IdentityMind is one of the key players in helping ensure transparency, legitimacy, security and compliance which will only lead to faster and greater marketplace adoption.”

In addition to new opportunities in the emerging ICO and cryptocurrency space, IdentityMind Global has also taken advantage of new trends in regtech more broadly – including the EU’s GDPR – that will increase demand for its AML, KYC, transaction monitoring, sanctions screening, and fraud prevention services. The company cited statistics from Frost & Sullivan that indicated that the global RegTech market could reach $6.45 billion by 2020.

“The ongoing growth of synthetic or stolen identities requires digital identity-based solutions to prevent identity fraud and maintain the integrity of the global digital economy,” Managing Partner for Eastern Link Capital Yodong Hou said. “IdentityMind has been identified as a ‘go to’ partner for those companies needing to implement an effective defense to identity thieves, online fraudsters, and money launderers worldwide.”

IdentityMind Global participated in Finovate’s developers conference in London in 2017, presenting its Entity Link API that helps businesses meet KYC and AML-related risk and compliance requirements. Last month, the company announced a partnership with fellow Finovate alum Mitek, integrating the two fintechs’ digital ID verification capacities. With this investment, the company’s total capital stands at more than $20 million.