Finovate Alumni News

On Finovate.com

  • nCino Helps Financial Institutions Benefit from Cloud Banking
  • LendUp Gives the Underbanked What No Traditional Bank Will

On FinDEVr.com

  • Check out this week’s FinDEVr APIntelligence

Around the web

  • BanQu teams up with Eastern Congo Initiative to launch secure data storage network for farmers.
  • TransferWise announces operational profitability and monthly revenues of £8 million.
  • Lighter Capital adds Former Silicon Valley Bank’s Head of Risk, Marc Verissimo, to its Board of Directors
  • Wells Fargo selects Uniken for accelerator program.
  • Wipro launches Nine Solutions to Accelerate Adoption of Blockchain Across Industry Sectors
  • Societe Generale partners with Open Bank Project to launch internal Open Banking Hackathon
  • South Carolina-based Community First Bank hires Insuritas to install and manage insurance agency.

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

  • Malauzai’s Vantiv Partnership to Leverage OnDot’s CardControl Tool

On FinDEVr.com

  • Check out today’s FinDEVr APIntelligence.

Around the web

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Myanmar’s First Private Bank selects Misys FusionBanking to digitize its banking operations.
  • HSBC Group to deploy client lifecycle management technology from Fenergo.
  • Tungsten Network selects BlueVine to offer U.S. SMB clients access to lines of credit.
  • NAFCU Services announces 2017 Innovation Award Finalists: Q2, Insuritas, Geezeo, Mastercard.

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

  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.

Around the web

  • Scalable Capital doubles assets in three months.
  • Pindrop’s Security and Authentication Technology Will Be Available With Amazon Connect.
  • HSBC announces fintech partnership with Tradeshift.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • nCino to power commercial lending for Valley National Bank.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Trustly unveils new solution for recurring payments, Trustly Direct Debit.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.
  • Mid-office operations automation from Five Degrees, Matrix, goes live at GarantiBank International.
  • New York-based CFCU Community Credit Union taps Insuritas to install full services insurance agency solution.

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.

Finovate Alumni News

On Finovate.com

  • Women on the Finovate Stage.

On FinDEVr.com

  • Check out this week’s FinDEVr APIntelligence.

Around the web

  • mBank partners with Cloudera to handle its big data processing.
  • Careington Health Products leverages SmartCART platform from Insuritas to deploy advisor services and discount programs.
  • BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app.
  • Fiserv launches Credit Sense, combining credit monitoring with digital banking.
  • Kontomatik nominated at the Dutch FinTech Awards 2017.
  • PayPal partners with Oro ecommerce platform.
  • Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards.
  • Zopa wins Top Consumer Lending Platform at LendIt awards.
  • Pindrop to mitigate call center fraud for Credit union service organization PSCU.
  • Motif jumps on the robo advisor bandwagon.
  • Tradeshift to acquire Capgemini’s IBX Business Network.
  • Linqto and Western Independent Bankers Launch New Apps Store for Banks.

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

  • Lights! Camera! Action! Demo Videos from FinovateEurope Now Available.
  • BlueVine Lands $75 Million Line of Credit.

Around the web

  • Yoyo marks 10 millionth transaction milestone.
  • Jack Henry & Associates‘ Symitar division unveils its account opening self-service hub, SymApp.
  • New APIs from Citi to help clients access network with existing treasury applications. See Citi at FinDEVr New York in March.
  • Credit Union of Southern California ($1.2 billion) chooses Fiserv’s Architect digital banking platform.
  • SuiteBox introduces multi-signing of document functionality to its digital workspace technology platform.
  • Ledger releases the Nano S firmware 1.3.
  • Stoneham Bank to leverage Insuritas to launch insurance agency platform to drive fee income.
  • Report highlights Urban FT, Misys, Kony, Backbase, Infosys, Cachet Financial Solutions, and Nymbus, as key digital banking players.

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.

Insuritas’ Growth Scales with the Popularity of Insurtech

Screen Shot 2017-01-27 at 7.19.33 AM

Insurance marketplace solutions company Insuritas released some key growth metrics this week. The Connecticut-based company announced that 2016 marked its third consecutive year of growth.

Below are the company’s 2016 metrics:

  • Its total addressable market with bank and credit union partners grew by 42.4%
  • Policy sales grew by 33.7% in 2016
  • Its platform is now available to 7.4+ million retail households and 1.2+ million small businesses
  • Clients include banks and credit unions ranging in size from $25 million to $70+ billion

In the release, Insuritas COO Matt Chesky said, “as the traditional brick and mortar agency system continues to decline, we are relentlessly focused on enabling our clients to capture an increasing share of that business.” The company attributes its success to its three main offerings:

  1. LoanINSURE, which enables banks to offer insurance quotes with every loan transaction
  2. InsureNOW, which helps customers quote their insurance at their policy’s renewal
  3. E-InsuranceAISLE, an online insurance agency that allows customers to shop, compare and buy policies within their bank’s website

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Above: Insuritas CEO Jeffrey Chesky and then-SVP Matt Chesky debut SmartCART at FinovateSpring 2014

At FinovateSpring 2014, the company’s CEO Jeffrey Chesky, and then-SVP Matt Chesky debuted SmartCART, a technology that allows banks to host an online market for financial products within its own website. The marketplace lets consumers shop, compare and buy consumer and small business insurance products from multiple carriers.

Founded in 1998, Insuritas most recently teamed up with Kentucky-based Paducah Bank. Through the partnership, Insuritas will power the bank’s Paducah Insurance Agency, which is expected to drive fee income.

Finovate Alumni News

On Finovate.com

  • New Robo Fund from LendingRobot Leverages Automation and the Blockchain.
  • Insuritas’ Growth Scales with the Popularity of Insurtech.
  • Wipro Agrees to Acquire InfoSERVER for $8.7 Million

Around the web

  • G2Crowd lists eSignLive as the top eSignature product for mid-market. Come see eSignLive’s demo at FinovateEurope Feb 7 & 8.
  • Blackhawk Network’s customer experience insights featured in Loyalty360.
  • Misys to offer peer lending technology to help banks compete with P2P startups.
  • Thomson Reuters introduces new end-to-end, compliance dashboard, Regulatory Change Management.
  • IBM Security announces plan to acquire business data risk management specialist, Agile 3 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.

Finovate Alumni News

On Finovate.com

  • CurrencyCloud Taps Former Misys Executive Ed Addario as New CTO.
  • Quicken to Leverage PayNearMe’s Prism API.

Around the web

  • Gillian Davies joins Boku as new CFO.
  • Paducah Bank to launch Insuritas insurance agency platform to drive fee income.
  • The Banker interviews Avoka European GM, Richard Austen.
  • Investopedia profiles Chicago-based robo advisor, M1 Finance.
  • Forrester features WorkFusion in list of important AI technologies in 2017.
  • HelloWallet unveils version 5.0 with improved app navigation and streamlined dashboard.

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

  • Finovate Debuts: Moonraft Innovation Labs

Around the web

  • Huron Community Bank of Michigan to leverage Insuritas to launch insurance agency.
  • Experian partners with reporting and analytics platform dv01 to enable dv01 clients to access to richer borrower credit attributes.
  • FIS teams with Verifone to enable consumers to pay at the point of sale using loyalty points linked to a credit or debit card.
  • Business Insider names Gusto, App Annie, and BlueVine as 3 startups to bet your career on in 2017.
  • Token announces strategic partnership with VirtusaPolaris.
  • TransferTo to provide bridge linking between EcoCash and Mama Money mobile money 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.