Finovate Alumni News

On Finovate.com

  • Envestnet | Yodlee, Quovo, and Morningstar Unite on Secure Open Data Access Framework.

Around the web

  • nCino extends its Bank Operating System with its new Retail Sales and Service Solution.
  • Fenergo to bring client lifestyle management services to business and technology consultancy, Delta Capita.
  • ProfitStars division of Jack Henry & Associates goes live with its ImageCenter Express image capture solution.
  • Flywire adds international invoicing to its global payment and receivables platform.
  • Infosys Finacle partners with seven major Indian banks to form blockchain-based trade network, India Trade Connect.

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 Global: Fintech News from Around the World

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Asia

  • Singapore unveils new fintech fast track initiative to speed the patent-application-to-grant process for fintechs.
  • Myanmar’s Myawaddy Bank chooses technology from Infosys Finacle to drive its digital transformation.
  • Sri Lanka’s central bank announces plans to establish a fintech regulatory sandbox.

MENA

  • ADGM proposes regulatory framework for digital assets.
  • Dubai International Finance Centre (DIFC) inks MoU to foster innovation in financial services; plans collaboration with Accenture’s FinTech Innovation Labs.
  • Saudi SAMA to develop fintech ecosystem in partnership with Deloitte.

Africa

  • Open Banking Nigeria enters strategic partnership with Open Vector to develop API standards.
  • Beta launch of its Bonga social network platform shows East African telecom giant Safaricom moving beyond its M-Pesa mobile money solution.
  • How We Made It In Africa: African Business Insight spotlights funding trends among African fintech and agribusiness.

LATAM

  • Brazil’s Central Bank issues fintech rules including authorization for P2P lending.
  • Ethereum World News looks at the growing availability of Bitcoin ATMs in Argentina.
  • Bankless Times checks in on the progress of – and provides a prognosis for – Peru’s first mobile money wallet, BIM.
  • BBVA’s Propel Venture Partners invests in Brazilian neo-bank, Neon.

CEE

  • Erste Bank Hungary readies for immediate payments and open banking era with ACI Worldwide.
  • The Bank of Russia looks to blockchain technology for as an alternative to its financial message transferal service, SPFS (“Russia’s SWIFT”).
  • EVO Payments to provide payment acceptance services for merchant customers of leading Czech bank, MONETA.

Top image designed by Freepik

 

Finovate Alumni News

On Finovate.com

  • Roostify Partners with BOK Financial to Improve the Mortgage Lending Process.
  • WealthSpark Replaces the Personal Capital 401(k).

Around the web

  • NopSec named most innovative tech company of the year by 2018 American Business Awards.
  • Bill.com appoints Yael Zheng as Chief Marketing Officer.
  • Myawaddy Bank in Myanmar selects Infosys Finacle to power its digital transformation.

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

  • Ephesoft Unveils Mortgage Document Capture Solution.
  • Coinbase Acquires Earn.com; Adds Balaji Srinivasan as First CTO.

Around the web

  • ThreatMetrix introduces its first product integration with LexisNexis since the company was acquired in February.
  • Finastra makes its mortgage lending solutions available via the cloud courtesy of partnership with Microsoft.
  • Ambassador Michael Froman joins Mastercard as vice chairman and president of strategic growth.
  • Moneyhub opens its API to U.K. challenger banks Monzo and Starling.
  • Coinbase acquires Cipher Browser to support its decentralized mobile browser offering.
  • Fortytwo Data appoints Luca Primerano as chief AI officer.
  • Coindesk: Mastercard Eyes Blockchain for Fighting Fake Identities.
  • Infosys to acquire Creative and Consumer Insight Agency, WONGDOODY.

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

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.

Finovate Alumni News

On Finovate.com

  • iSignthis and Worldline Finalize Partnership.
  • WealthForge Tops $500 Million in Investments Processed.
  • Innovation and Collaboration: The Rise of Fintech in the MENA Region.
  • Dwolla to Power Identity Verification for Yahoo!’s Tanda Savings App.

Around the web

  • TransferWise updates its remittance comparison tool.
  • Featurespace hires Ritz Steytler as Chief Operating Officer.
  • Infosys selected as tech partner by A S Watson Group.
  • Ephesoft moves headquarters to Irvine, California.
  • Compass Plus to help VietinBank issue Diners Club cards in Vietnam.
  • Coinbase appoints Tina Bhatnagar as VP of Operations and Technology.
  • Kony launches Kony Base Camp, an online community to empower developers to gain skills to accelerate app development and delivery.

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.

Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management

Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management

Software giant Infosys BPO teamed up with Tradeshift last month. The India-based company’s Business Process Outsourcing subsidiary will leverage Tradeshift’s cloud-based platform to enable clients to digitize their supply chain processes.

John Sibley, Vice President of Global Alliances and Channels at Tradeshift, said that he looks forward to “combining Infosys’ deep domain and process expertise” with Tradeshift’s B2B commerce platform. He added that the partnership “will provide greater transparency and agility, along with a compelling value proposition to suppliers and buyers alike, on various touch points in the source to pay lifecycle.”

Anantha Radhakrishnan, CEO and Managing Director of Infosys BPO said that the partnership “will help augment our experience and expertise in transformative Business Process Management and enable us to further deliver tremendous business outcome benefits to our clients.”

According to the press release, the partnership will enable customers to take advantage of early payment discounts, remove manual paper-based processes, and build custom applications. This will not only reduce costs but also increase efficiency. Infosys plans to pilot these capabilities for clients in North America, Europe, the Middle East, Africa, and China.

Founded in 2010 and headquartered in San Francisco, Tradeshift’s business commerce platform connects buyers and sellers. The company links up more than 1.5 million companies across 190 countries and is currently on track to process over half a trillion U.S. dollars in transaction value. At FinovateEurope 2012, the company’s co-founder and CEO Christian Lanng debuted Tradeshift Instant Payments, a solution that enables businesses to receive payments in real time for invoices. The company has raised a total of $182 million and was recently featured in CB Insights’ Fintech 250 list.

Infosys recently made headlines when it unveiled Finacle Trade Connect, a blockchain-based trade finance solution. Last month, the company appointed Salil Parekh as CEO and Managing Director. Finacle, part of EdgeVerve Systems, a subsidiary of Infosys, showcased EdgeVerve Blockchain Framework for Financial Services at FinovateEurope 2017.

Finovate Alumni News

On Finovate.com

  • Passport Raises $43 Million from Bain Capital.
  • Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management

Around the web

  • Finastra CMO Martin Häring discusses mobile payments with Tearsheet.
  • Abu Dhabi-based LuLu Exchange to deploy AML Risk Manager from Fiserv.
  • Ripple’s XRP now available on 50 exchanges worldwide.
  • Kinetica listed among ProgrammableWeb’s Most Interesting APIs in 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

  • NuCypher Raises $4.3 Million from Token Sale and VC Funds
  • Simility Adds PayPal as Strategic Investor in Latest $17.5 Million Fundraising

Around the web:

  • INETCO adds centralized switch application performance monitoring capabilities within the INETCO Insight software platform.
  • CFCU Community Credit Union Selects nCino to Boost Operational Efficiencies.
  • Blackhawk’s CashStar powers the launch of enhanced consumer gift card ecommerce program for Chico’s FAS
  • Tuition.io to power Student Loan Debt Reduction benefit to their Educational Assistance Program for MidWestOne Financial Group.
  • VentureBurn lists Entersekt as 1 of 8 12 South African startups to watch in 2018.
  • Vanguard turns to Symbiont smart contracts to simplify index data sharing process.

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

  • Concur Launches e-Fapiao Solution for China’s WeChat Platform.
  • Ephesoft Unveils Transact Mobile SDK 4.0, Leveraging Deep Learning to Create Clearer Images.

Around the web

  • Axis Bank leverages technology from Ripple to launch instant international payment service.
  • Temenos announces pair of new providers to its Marketplace: Callsign and Limitless.
  • NICE Adaptive Workforce Engagement (WFO) wins Frost & Sullivan award.
  • Infosys Finacle unveils blockchain-based trade finance solution for FIs: Finacle Trade Connect.
  • Privakey picks up patent for innovations in universal, password-free authentication.

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.

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

Image Designed by Freepik

Ready for some good news on the cybersecurity front?

Most of the time cybersecurity appears in the headlines, it is a report of a breach that just occurred or a new threat to guard against in the future. Caught between the hack that caught us unaware and the certainty that it won’t be the last, we can lose sight of the fact that there are hundreds of cybersecurity firms with thousands of security professionals that are working around the clock to make our lives online a lot safer. And many of these companies are Finovate alums specializing in service to the financial industry and its customers.

Ted Ross, founder and CEO of SpyCloud, demonstrating the company’s Best of Show-winning platform at FinovateFall 2017.

Importantly, not only are these companies working 24/7/365 to fight cybercrime, but also many of them are teaming up and partnering with financial institutions, retailers, and each other to test their technologies, make key improvements and enhancements, and ultimately get their fraud-fighting solutions to market.

With that in mind – and in line with our October focus on cybersecurity – here’s a look at the partnerships, agreements, and collaborations forged by our cybersecurity-related alums so far in 2017.

October

Fintech-to-Tech

  • Mitek partners with handwriting-based biometric authentication service Asignio to deliver IDaaS solution.
  • Avoka extends strategic partnership with Mitek for digital identity verification solutions.
  • ThreatMetrix and ID.me partner to deliver ID verification for government and commercial digital services.
  • Ledger partners with Intel to boost blockchain app security.
  • BioCatch to power behavioral biometrics for Samsung SDS America. 
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Zighra launches flagship continuous authentication product.
  • Kony to launch digital banking solution leveraging Daon biometrics. 
  • iSignthis to integrate its Paydentity UBO Service with Web Shield’s InvestiGate platform.
  • TASCET teams with Secured2 to launch Algo5 data security offering.

Fintech-to-FI

  • Latvian Bank Citadele secures mobile and online banking with VASCO’s DIGIPASS for Apps and CRONTO.
  • National Bank of Canada joins SecureKey’s digital identity network.

Fintech-to-ECommerce

  • HooYu to provide ID confirmation for U.K.’s Cars-as-a-Service easyCar Club.

Multiple Best of Show winner EyeVerify demonstrating its Eyeprint ID technology at FinovateEurope 2017 with partner YapiKredi Bank.

September

Fintech-to-Tech

  • Vera to provide data security services for GE.
  • BioCatch to power fraud prevention solutions for HoneyTek Systems.

Fintech-to-FI

  • DefenseStorm to bolster cybersecurity operations for Genesee Regional Bank ($551 million in assets).
  • Open Banking selects Ping Identity to provide the identity and access management to underpin the U.K.’s open banking framework.

Fintech-to-Ecommerce

  • Signifyd guarantees fraud protection for Magento Commerce Merchants.
  • Infosys Finacle partners with ToneTag to leverage sound wave technology to drive contactless authentications and transactions.

August

Fintech-to-Tech

  • Jumio partners with Plynk to bring instant verification to Europe’s first money messaging app.
  • FIS and Equifax partner to offer new identity verification solution, OnlyID.
  • Biometric Signature ID partners with National Fingerprint to provide virtual ID proofing and verification services.
  • BioCatch partners with LexisNexis to leverage data and analytics for better risk management.

Fintech-to-FI

  • Samsung to power biometric authentication pilot for Bank of America.
  • Mexican payment processor chooses fraud fighting technology from Featurespace.

Fintech-to-ECommerce

  • HooYu brings identity confirmation technology to BCRemit.

July

Fintech-to-Tech

  • ID Analytics partners with Acxiom to strengthen risk assessment and combat fraud.
  • HackerOne Powering bug bounty program for Tor browser.

Fintech-to-FI

  • MoneYou integrates Mitek’s identity solutions for real-time digital onboarding.
  • DefenseStorm to serve as cybersecurity partner for Bank of Jackson Hole to enhance security.

Fintech-to-ECommerce

  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Signifyd brings its Guaranteed Fraud Protection solution to Authorize.Net’s U.S.-based e-commerce merchants.

Behavioral biometric innovator BehavioSec, shown here demonstrating BehavioSec on Demand at FinovateFall 2015, has won three Best of Show awards.

June

Fintech-to-Tech

  • Daon adds EyePrint ID to IdentityX platform courtesy of new partnership with EyeVerify.
  • IdentityMind Global to offer Confirm.io’s document authentication technology to its financial services customers.
  • Jumio partners with Monzo for strong identity verification.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.

Fintech-to-FI

  • Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud.
  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.

May

Fintech-to-Tech

  • Cisco and IBM team up on security.
  • BehavioSec partners with Kount.
  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform.
  • Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore.

Fintech-to-FI

  • Australia-based forex broker Pepperstone to deploy Paydentity verification services from iSignthis.

April

Fintech-to-Tech

  • Fraud prevention innovator Featurespace partners with U.K. digital family banking solution, goHenry.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.

Fintech-to-FI

  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.

Fintech-to-ECommerce

  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

A FinDEVr favorite, HackerOne and its bug bounty and vulnerability disclosure platform leverage white hat hackers to find critical security gaps before criminals do.

March

Fintech-to-Tech

  • Mastercard adds to authentication arsenal with acquisition of NuData Security.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.

Fintech-to-FI

  • Daon brings mobile biometric authentication to UnionBank.
  • Co-op Financial Services to leverage machine learning-based fraud fighting technology from Feedzai.
  • Pindrop to mitigate call center fraud for credit union service organization PSCU.

Fintech-to-ECommerce

  • Saltrex to use Jumio’s Netverify Trusted-Identity-as-a-Service.
  • Featurespace to provide machine learning fraud and risk management solution to CashFlows.

February

Fintech-to-Tech

  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Icon Solutions joins forces with Featurespace to bring anti-fraud protection to instant payments.

Fintech-to-FI

  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • First national private bank of Turkey, Yapi Kredi to deploy Eyeprint ID from EyeVerify for mobile logins.

Fintech-to-ECommerce

  • Feedzai and Merchant Risk Council (MRC) team up to leverage AI and machine learning to fight fraud.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

January

Fintech-to-Tech

  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.

Fintech-to-FI

  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • NetGuardians brings real-time fraud protection to Nigeria’s Keystone Bank.

 

Finovate Alumni News

On Finovate.com

  • Stockpile Raises $30 Million to Boost Millennial Stock Ownership.
  • Vera to Provide Data Security Services for GE

Around the web

  • Meniga expands global footprint with new office opening in Poland
  • Mediterranean Bank Goes Live With Infosys Finacle Lending Solution
  • Revolut expands services with cell phone insurance in the U.K.
  • Entrust Datacard joins the Industrial Internet Consortium
  • NYMBUS Introduces Next-Generation Digital Platform For Internet And Mobile Banking
  • CardFlight partners with Dynamics Payments to help businesses affected by Hurricane Maria by waiving monthly and setup fees for SwipeSimple.

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.