Finovate Alumni News

On Finovate.com

  • Kinetica Taps Dell for Hardware.

Around the web

  • Workfusion announces Smart Process Automation 9.0 — the newest evolution of its flagship AI-powered RPA software.
  • Trulioo and Acuant join forces on AML/KYC Compliance.
  • SnapCar and Revolut team up to offer instant payouts to SnapCar drivers (in French).
  • InComm achieves HITRUST CSF Certification to mitigate security and compliance risk.
  • Glassdoor lists PayPal as one of 20 companies that champion LGBTQ equality hiring.

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.

InComm Acquires Gift Card Impressions

Prepaid products company InComm is boosting its e-gifting capabilities today with the acquisition of its former competitor in the space, Gift Card Impressions (GCI).

The financial terms of the deal remain undisclosed. Logistically, GCI will become a wholly-owned subsidiary of InComm, and its operations and leadership team members will join InComm’s 2,300 employees across the globe and remain in the company’s Missouri location.

Brooks Smith, CEO of InComm, described GCI as being “on the cutting edge of the digital gift card evolution” and noted the company’s superior method to selling stored value products as being “a much warmer, personalized, and transformative approach.” Brooks added, “This transaction also brings us an experienced management team with a great deal of consumer packaged goods industry knowledge that can be leveraged to help drive the growth of physical and digital gift card sales.”

Brett Glass is founder and CEO of GCI, which has received 40 industry awards for innovation in the last seven years. Glass will continue to lead the company’s team from the Missouri location and said his team is “thrilled to have the opportunity to build on their outstanding track record of achievement.”

This is the company’s seventh acquisition since it was founded in 1992. InComm acquired GroupCard and Zeevex in 2010, Adility and On-Line Strategies in 2012, Giftgango in 2013, and most recently ValuAccess in 2016.

InComm offers more than 500,000 points of retail distribution with 1,000+ brand partners in more than 30 countries. The company debuted CorFire Mobile Commerce at FinovateFall 2011. More recently, InComm showed off the Cashtie API at FinDEVr Silicon Valley 2014. The company made headlines in April of this year with the announcement of a planned $20 million expansion at its Atlanta headquarters, adding 150 new jobs in the state of Georgia.

Finovate Alumni News

On Finovate

  • Pindrop Security Partners with Bank of the West.
  • InComm Acquires Gift Card Impressions.
  • Trustly Brings New Payment Options to Alpha Fintech’s AlphaHub Platform.

Around the world

  • Algomi hires Scott Eaton, former EMEA COO at MarketAxess, as its new CEO.
  • Envestnet | Yodlee launches AI FinCheck. an AI-powered financial wellness assistant for financial service professionals.
  • FICO and Equifax partner to launch FICO Risk and Affordability Decision Suite powered by Equifax to help banks measure repayment risk.
  • Dashlane integrates with new Apple Security API rolling out in iOS 12.
  • WSJ features Coinbase’s move into Japan.
  • LendKey names Lewis Goldman Chief Marketing Officer.
  • VyStar CU leverages technology from Fiserv to power its mobile banking 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.

Finovate Alumni News

Around the web

  • InComm launches health plan-sponsored first years wellness card to support babies’ well being.
  • Payworks introduces P2PE component services for payment providers.
  • Coinone Transfer joins Ripple’s RippleNet to enhance cross-border payments.
  • Navigant and Ayasdi collaborate to deploy machine intelligence to effectively and efficiently detect and deter financial crime.
  • INV Fintech collaborates with the Open Bank Project to offer sandbox APIs.
  • Lendio announces franchise in Broomfield, Colorado.
  • Token granted FCA authorization for open banking payment and information services.

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

  • Deserve Raises $50 Million in Debt Financing.
  • Payworks Teams Up with Ghana-based Payment Platform Hubtel.

Around the web

  • Wealthify added to Starling’s in-app marketplace.
  • InComm plans $20 million expansion in Georgia, will add more than 150 jobs.
  • Fiserv launches FinKit for Open Banking to help banks keep up with rapidly unfolding regulations.
  • Horizn helps RBC win a Celent Model Bank 2018 award for Employee Productivity.
  • OutSystems to power digital transformation for Principality.
  • TransferWise introduces its multi-country bank account.

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

  • Lender Price Integrates with Mortgage Management Solution from Ellie Mae.
  • WorkFusion’s $50 Million Round to Fuel Robotic Process Automation.
  • $1.32 Billion Raised by 26 Alums in Q1 of 2018.

Around the web

  • Retail chain Speedway names InComm Innovative Business Partner of the Year.
  • Technology from Malauzai and Geezeo contributes to new mobile app for Florida’s Axiom Bank.
  • YellowDog announces new partnership with [RE]DESIGN.
  • Mr. Cooper awarded Top Servicing Performance Rating from Fannie Mae. Come see Mr. Cooper’s demo at FinovateSpring next month.
  • Arxan launches new app security monitoring and analysis service, Arxan Threat Analytics.

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

  • SpyCloud Lands $5 Million in Funding.
  • Finovate Alums Earn Spots on insideBIGDATA IMPACT 50 List.
  • The Faves of FinovateSpring: A Brief History of Best of Show Winners

Around the web

  • Benzinga reports: Tuition.io Helps Enterprises Tackle A $1.4 Trillion Crisis.
  • Speedway names InComm as Innovative Business Partner of the Year.
  • Revolut updates business accounts.
  • Bazaarvoice launches new solution to make personalization more powerful.

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

  • Dream Payments Speeds Up Insurance Payouts with Mastercard Partnership.

Around the web

  • NCR Launches Omni-Commerce Payment Solution for European Retailers and Restaurants.
  • InComm Partners with Kapsch TrafficCom on RiverLink.
  • Sberbank hires robot Anna to answer calls about location of ATMs and Sberbank offices.
  • Baker Hill releases the latest developments for Baker Hill NextGen.

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

  • Dwolla Lands $12 Million.
  • Larky Deepens Partnership with Core Processing Solutions Provider Sharetec.
  • Stash Raises $37.5 Million, Launches Custodial Accounts.
  • NetGuardians Inks Agreement with FirstOntario Credit Union.

Around the web

  • InComm subsidiary On-Line Strategies launches partnership with National Bankcard Services to enable prepaid at the gas pump.
  • Neustar expands its DDoS mitigation defense network in EMEA.

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

  • Fenergo Forges Strategic Partnership with Arachnys.
  • Personetics Powers New Intelligent Financial Assistant Didi from Israel Discount Bank.

Around the web

  • Thomson Reuters introduces investment research marketplace on Eikon to further MiFID II compliance
  • Xero opens new Wellington headquarters.
  • Trustly to expand its Pay N Play gaming payment product.
  • Zopa’s investor community lends 3 billionth pound to U.K. consumers.
  • Pendo Systems targets the insurance sector with Pendo Machine Learning Platform.
  • InComm expands gift card assortment in grocery partners with new brand offerings.

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.