FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)Our FinDEVr New York developer showcase is next week on March 29 & 30. Register today and we’ll see you in New York!

Developer news

  • TechCrunch reports: Almost everyone is doing the API economy wrong.

On FinDEVr.com

  • “Financial Information Services Provider Markit Merges with IHS”
  • “Symbiont and Ipreo Team Up to Accelerate the Loan Settlement Process”

The latest from upcoming FinDEVr New York 2015 presenters:

  • Xignite to provide free market data for FinTech Sandbox demo participants. Join Xignite in New York for FinDEVr next week.
  • Markit to supply FinTech Sandbox with fixed income pricing and reference data.
  • PayPal to enable money transfers to Cuba via its Xoom acquisition.
  • 3dcart merchants gain access to end-to-end payment processing courtesy of Braintree.
  • OnDeck partners with Innovate Finance to debut Transatlantic Policy Working Group.
  • Markit unveils new tax utility service.
  • Intuit Developer Group Drops Financial Data APIs; Partners with Finicity to Ease Transition.

Alumni updates:

  • Let’s Talk Payments lists SnoopWall and Entrust in its roundup of the hottest mobile security companies.
  • Avalara teams up with WooCommerce to help online merchants manage sales taxes.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Intuit Developer Group Drops Financial Data APIs, Partners with Finicity to Ease Transition

IntuitDeveloperGroup_homepage_Mar2016

Intuit Developer Group has decided to discontinue its Financial Services APIs (CAD), which provide financial account aggregation services to a number of third parties. Writing at Intuit’s developer page, Head of Financial Data Services Emily Silberstein explained that the service “no longer fits with our core growth strategy.”

“As of today (March 15, 2016), no new direct financial data API (CAD) developers will be allowed to move into production,” she wrote. The API will be maintained until November 15 to accommodate developers currently in production. Silberstein added that Intuit was partnering with Finicity which “will provide a façade API interface that translates Intuit-structured API calls into Finicity-structured API calls.”

IntuitDeveloperGroup_stage_FinDEVr2015

Pictured: Intuit Developer Group’s Head of Financial Data Services, Emily Silberstein, during her presentation at FinDEVr 2015 in San Francisco.

Over at Finicity, the company has already rolled out the welcome mat. Finicity assures newcomers that its APIs “have the same origins and Intuit’s” and that “our teams are doing all the hard work to make sure our new ‘Façade’ API is a true replica of Intuit’s API, so you don’t have to do another integration.” Developers can sign up to test drive the API at Finicity’s developer portal. The company is also offering two months of free service for developers who migrate to the Intuit façade API or Finicity’s API before July 15.

FinicityIntuit_migration

Making its Finovate debut at FinovateSpring 2015 in San Jose, Finicity was founded in 1999 and is headquartered in Salt Lake City, Utah. A provider of API services for account aggregation, cash-flow verification, and account-ownership verification, Finicity is the maker of the TxPUSH API for Fintech Apps, which makes it easier for developers to use the Finicity API platform to receive account and transaction data instantly.

Intuit Developer Group demonstrated its Transactions and Identification APIs at FinDEVr 2015 in San Francisco last fall. In January, the company tapped Vinay Pai to be head of the developer team, and in February, the Group celebrated the 15th anniversary of the launch of the Intuit Developer Network and the release of the first QuickBooks API.

The decision by Intuit Developer Group leaves Finicity, Envestnet | Yodlee, and FinDEVr alum, Plaid, as the remaining few major firms providing financial account-aggregation services in the United States. Yodlee, acquired by Envestnet last August, released a simplified, more intuitive RESTful API architecture in February. The Redwood City, California-based company presented its financial data platform and rapid development kit at FinDEVr 2015.

Finovate Alumni News

On Finovate.com

  • “Fintech Developers, Lock in Presale Savings for the Very First FinDEVr in NYC”
  • “Q2 Acquires Social Money in $10 Million Deal”
  • Check out the latest developer news in this week’s edition of “FinDEVr APIntelligence”

Around the web

  • Employee Benefit News features Financial Guard in a discussion on the rise of robo-advisers.
  • Misys unveils its next-generation capital markets trading platform in the cloud, Misys FusionCapital.
  • CO-OP Financial Services to help credit unions deploy MasterPass from MasterCard.
  • ING expands its host card emulation (HCE) mobile payment service to all of its customers in the Netherlands. Join ING in London for FinovateEurope 2016.
  • Intuit partners with Fundbox to provide invoice financing for SMEs.
  • Technical.ly Delaware profiles Global Debt Registry.
  • Nostrum Group urges personalization in digital lending in new report on digital finance. See Nostrum at FinovateEurope 2016 in February.

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: DriveWealth Brings U.S. Stocks to Overseas Investors”
  • “FinovateEurope 2016 Presenting Companies Announced
  • “Personal Capital Lowers Investment Minimum from $100,000 to $25,000″

Around the web

  • Intuit teams up with Kiva to provide small business financing via QuickBooks financing platform.
  • National Bank of Abu Dhabi, (Nbad) Egypt, to deploy BankWorld from CR2.
  • Xero announces new partnerships with Bigcommerce and KPMG.
  • Open Bank Project partners with Ulster Bank to organize Hack Make the Bank, Jan 29 thru 31, 2016.
  • CIBC and Thinking Capital partner to expand SMB lending in Canada.
  • Entrust Datacard releases Datacard MX Series Laser 350 that provides new personalization features.
  • CardFlight announces EMV approval and certifications via TSYS for mPOS solution.
  • Taulia joins the OFS portal community.
  • Fidelity Charitable partners with Coinbase to allow people to contribute bitcoin to their donor-advised funds.

This post will be updated throughout the day as news and developments emerge. You can also follow all alumni news headlines on the Finovate Twitter account.

FinDEVr Live: A New API from Intuit Developer Group Gives Builders Access to End-user Authenticated Financial Data

FinDEVr Live: A New API from Intuit Developer Group Gives Builders Access to End-user Authenticated Financial Data

IntuitDeveloper_FinDEVr2015_Preview_image

developer.intuit.com | developer.intuit.com/blog | @Intuitdev

IntuitDeveloper_FinDEVr2015_logoIntuit Developer offers you a vast, ready-to-tap opportunity to generate app revenues and grow your business. Our goal is to help you get your app built, published, and adopted as quickly as possible using best-in-class tools, high-quality APIs, industry-leading security practices and dedicated support.

Intuit’s financial data APIs
Intuit’s Financial Data APIs provide developers with access to end-user authenticated financial data:

Transactions API provides access to financial account information from 20,000 financial institutions.

Identification API provides bank account and routing numbers and personal information on the bank owner to verify identity and reduce friction in setting up an ACH.

Key takeaways:

  • Forget your checkbook or micro-deposits, get the information you need to set up an ACH in seconds with your bank account username and password
  • Access end-user authenticated data from more than 20,000 financial institutions
  • Leverage the same technology that fuels Mint, QuickBooks, and Quicken, and join the thousands of developers who are part of the Intuit developer community.

IntuitLiveblogIMG

Presenters:

Emily Silberstein, Head of Financial Data APIs (CAD)
LinkedIn |@ersilberstein

Silberstein manages Intuit’s Financial Data Services business for third-party developers. Prior to Intuit, Silberstein was a fintech entrepreneur, launching and running the Asia business for an alternative data credit scoring startup. Silberstein holds an M.B.A. from Harvard and is originally from Iowa.

Jarred Keneally (not pictured), Head of Developer Relations Engineering
LinkedIn | @JarredKeneally

Keneally is a developer relations leader and has been with Intuit for 15 years. He has a background in software engineering and a degree in computer engineering from Northeastern University. He lives in the San Francisco Bay area with his wife and children.

Chase Ellsworth, Software Engineer, Earnest

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, to be held on 6/7 Oct in San Francisco.

Developer news

  • Fusion, Switzerland’s first fintech accelerator, selects 10 startups for its 12-month acceleration program that starts on 5 October.

The latest from upcoming FinDEVr 2015 presenters

  • PayPal explains its recently launched API Transactions Dashboard.
  • BehavioSec joins PwC’s Accelerator Programme.
  • Personal Capital appoints Mark Goines as CMO.
  • Business Insider ranks Currency Cloud among top fintech companies in Britain.
  • Let’s Talk Payments lists 25 top alternative lending startups including OnDeck.
  • Kanto X hits $2+ billion in currency exchange transactions.
  • 7-Eleven and PayNearMe launch PayNearMe Bill Pay app, a full-service bill payment center.
  • OnDeck and Intuit join forces to launch $100 million lending fund for small businesses.

Alumni updates

  • Dynamic Trend integrates with Tradier Brokerage API.
  • Xero previews two new features—billable expenses and invoice reminders—for small-business users of its platform.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “FinovateFall 2015 Best of Show Winners announced

Around the web

  • OnDeck and Intuit join forces to launch $100 million lending-fund for small businesses. See Intuit at FinDEVr 2015 in San Francisco in October.
  • The Appzillon Banking Solution from i-exceed technologies earns deployment at two banks in India.
  • Azimo and TransferTo team up to provide mobile top-up services in more than 100 countries.

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.

FinDEVr Preview: Intuit Developer Group

FinDEVr Preview: Intuit Developer Group

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at the second annual FinDEVr, 6/7 October.

Intuit Developer Group’s Financial Data APIs (CAD) provide access to user-authenticated financial data through:

  • Transactions API: Provides financial account information from 20,000 financial institutions
  • Identification API: Provides bank account, routing numbers and bank owner information to verify identity and frictionlessly set up ACH

IntuitDeveloper_FinDEVr2015_Preview_image

Why it’s a must-see

Intuit Developer Group’s Financial Data APIs (CAD) leverage the same technology that powers Mint.com, Quicken, and QuickBooks, enabling developers to access data from the largest number of financial institutions among aggregation providers. The technology provides a self-service app-development platform with transparent pricing and a sandbox with no time limits.


Check out more of today’s FinDEVr Previews:

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than 6 weeks away!) in San Francisco.

Developer news

  • Royal Bank of Scotland to host hackathon in partnership with Open Bank Project.

The latest from upcoming FinDEVr 2015 presenters

  • PayPal’s One Touch Instant Checkout platform is now available in 13 new markets.
  • Let’s Talk Payments looks at Venmo and its new group-payments feature.
  • Intuit to sell off Quicken with no plans to divest Mint or Mint Bills.
  • Yodlee cites innovations from PayPal, Credit Karma, Personal Capital, and ReadyForZero in its 7 Habits of Highly Successful Fintech Startups.

Alumni updates

  • Global News interviews Karl Martin, Nymi CEO and founder.
  • The Denver Post profiles Broomfield-based Avoka Technologies. See Avoka at FinovateFall 2015 in New York City in September.
  • CIO cites Avoka’s win of most innovative customer solution in Citi’s demo day in London.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Emailage Detects Fraud Through User’s Email Address”
  • “Finovate Debuts: FundAmerica Helps Crowdfunders Stay Compliant”
  • “TIO Networks Garners $1.7 Million From Secondary Stock Offering”

Around the web

  • CashStar names Katherine Edenbach as its new corporate controller.
  • E-SignLive by Silanis picked as a KMWorld Trend-Setting Product of 2015.
  • CIO cites Avoka’s win of most innovative customer solution during Citi’s demo day in London.
  • Aquiline Capital Partners reveals an investment in Fenergo, an Irish-client, lifecycle-management specialist.
  • Intuit to sell off Quicken with no plans to divest Mint or Mint bills.
  • Holvi launches app for iOS and Android.

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

  • TipRanks Takes Top Prize at IBM Watson Hackathon in Israel

Around the web

  • Greg Smith and Chris Costello of Blooom discuss simplifying 401(k) management with Fox Business News.
  • Nilesh Dusane, Ripple Labs VP for global sales and client relations, talks about distributed ledgers and the future of payments.
  • EZBOB announces Everline as the sole channel for intermediary businesses.
  • Nomis Solutions teams up with Oliver Wyman to help FIs boost profitability in their retail deposit portfolios.
  • Temenos opens new office in Helsinki, Finland.
  • The Financial Brand highlights the need for banks to compete with Mint, MX, D3, Yodlee, Meniga, Geezeo, and Strands.
  • Investopedia features FutureAdvisor’s use for college savings.
  • Ping Identity enhances partner program with new options, benefits and requirements for partners in three programs.
  • BCSG appoints Deutsche Telekom’s Simon Lunn as COO.
  • Strategic News Service FiRe tech conference names ValidSoft a 2015 FiReStarter Company.
  • ProfitStars Banno Mobile named a leader in the IDC MarketScape: North American Mobile Banking Software Solutions 2015 Vendor Assessment.
  • Huffington Post considers advice from Scott Cook, Intuit co-founder.
  • Remember, the application deadline for the Fall 2015 cohort for the SixThirty accelerator is Friday, 10 July 2015.

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

  • FreeAgent to Crowdfund $1.6 Million Funding Round
  • edo Interactive Completes $20 Million Series E Round; Names Badran CEO, President

Around the web

  • Halliburton Federal CU to use Insuritas to launch insurance agency.
  • Receivables Exchange appoints James W. Toffey as new CEO.
  • PayPal, Xero, Intuit, HelloWallet, & TD Ameritrade win 2015 Webby Awards.
  • TransferWise launches updated Android app with one-tap payments for more than 360 currency routes.
  • SumUp releases SumUp terminal payment SDKs for iOS and Android.
  • AMP Credit Technologies appoints chief technology officer.
  • Dwolla launches ability to schedule recurring payments for a specific day, recurring schedules, and cancellation criteria.
  • NICE Systems sells its cyber and intelligence division to Elbit Systems for $158 million.
  • Photos from FinovateSpring 2015 last week are now available on the Finovate Flickr feed.
  • OptionNET Taps Tradier for Rollout of Trading Directly from Their Platform.
  • Kabbage partners with Sage Payment Solutions to create small business loan offering.
  • PayPal’s OneTouch checkout service now supports all merchants using BigCommerce, even when consumers don’t have the PayPal app installed.

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.