Finovate Alumni News

On Finovate.com

  • Expensify Announces Five New Receiptburner Partners.
  • Flybits Raises $6.5 Million to Help Banks Put Data to Work

Around the web

  • Jumio introduces eyeball tracking to the “liveness” check of its biometric authentication solution, Netverify.
  • NYMBUS adds executive talent, opens center of strategic excellence in Glastonbury, Connecticut.
  • Co-founder Kristo Käärmann takes the helm at TransferWise.
  • PayPal announces strategic partnership with Samsung Pay.
  • ThreatMetrix named the Leader in The Forrester Wave: Risk-Based Authentication, Q3 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

  • Yoyo Wallet Raises $15 Million in Series B.
  • Flywire Teams with PayPal for Cross-Border Payments Method.
  • Fintonic to Use $28 Million Round to Move Beyond Loans and Insurance.

Around the web

  • IdentityMind Global to offer Confirm.io’s document authentication technology to its financial services customers.
  • transcosmos to integrate with Tradeshift Japan to help businesses digitalize their indirect operations and accelerate transactional speed
  • Coinbase is reimbursing losses caused by the Ethereum flash crash.
  • Backbase scores fintech deal in Norway with SSF Bank.
  • Fiserv partners with GoldBean to provide a digital adviser offering extra assistance.
  • Meniga & Islandsbanki partner to deploy new card-linked offer platform reaching more than 30% of households in Iceland.
  • Jumio partners with Monzo for strong identity verification.
  • mBank moves into fintech vendor space with new digital banking system.
  • JCB International partners with iSignthis to enable SEPA transactions.

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

  • Signicat Launches Mobile Authentication.
  • 3 Steps to Take During the Countdown to GDPR and PSD2.

On FinDEVr.com

Around the web

  • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
  • TSYS enables tokenization across its North American commercial card platforms.
  • Catholic Vantage Financial ($98M) hires Insuritas to deploy and manage their insurance agency solution.
  • AuthenticID enhances CatfishAIR Identity Platform to support real-time identity authorization for CNP transactions.
  • Vera announces support for multi-factor authentication solutions from Duo Security, RSA SecureID, and fellow Finovate alum, Twilio.
  • Amsterdam Trade Bank (ATB) to streamline banking, treasury, and finance operations in partnership with Misys.
  • Cisco and IBM team up on security.
  • Glenmede taps IHS Markit for data management.
  • GMC Software launches Business Partner Track for Partner Advantage Program
  • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
  • Jumio announces expansion into new Shoreditch U.K. headquarters.
  • Steve Lewczyk joins Trizic as new Chief Revenue Officer.

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

  • Twitter Talk: The Top Tweets from FinovateSpring 2017
  • FinDEVr Alum Quovo Raises $10 Million

Around the web

  • TransferWise unveils new APAC hub in Singapore.
  • Temenos adds open banking, PSD2-based services to its MarketPlace initiative.
  • Ten FIs join Ripple’s cross-border, blockchain network.
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • Qumram wins “Best RegTech Company” in 2017 FinTech Breakthrough Awards.
  • Pendo Systems completes first full deployment of the Pendo Data Platform and receives certification as a Women’s Business Enterprise.
  • Trulioo adds new Canadian data sources to its GlobalGateway verification technology.
  • Jay Shah promoted to CEO of Personal Capital
  • Xero awarded the Best Overall Fintech Platform by the Fintech Breakthrough Awards.
  • Jumio wins Best Fraud Prevention Platform Category in FinTech Breakthrough Awards.

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 Alums Populate RegTech Top 100 Power List.

Around the web

  • Moven announces five-year extension of partnership with TD Bank.
  • PyraMax Bank selects DNA account processing platform from Fiserv. Visit our FinDEVr video archives soon to see Fiserv’s presentation this month from FinDEVr 2017 New York.
  • BBVA and SecureKey among the latest companies to join Hyperledger.
  • E-commerce services from Vantiv achieve Oracle Validate Integration. Video of Vantiv’s FinDEVr 2017 New York presentation will be available soon.
  • Netverify from Jumio to validate customer drivers licenses for mobility app, Free2Move. See Jumio at FinovateSpring 2017 next month.
  • Forrester recognizes FinDEVr newcomer Outsystems as a leader in low-code development platforms. Check back soon for video of Outsystems’ FinDEVr presentation from last week.
  • Trulioo expands coverage to Republic of Korea.
  • DAVO Technologies reaches 1,000-customer milestone for its sales tax platform.
  • Blackhawk Network rebrands incentives division as Hawk Incentives.

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

  • Switch Announces Early Access to Online Card Account Management Platform.

On FinDEVr.com

  • Excited to see Softjourn at FinDEVr New York on March 21 & 22. Check out our interview with Project Manager Yuriy Kropelnytsky.
  • NYMBUS Scores with $16 Million Investment Led by Home Credit Group.

Around the web

  • Lleida.net wins 20-year European patent for its registered email technology.
  • Savedroid adds money-saving, AI-based algorithm to its personal finance app.
  • Payworks provides SIX Payment Services with mPOS solution, mCashier.
  • Thomson Reuters enhances data analytics platform with ultra high-speed processing of real-time and historical data functionality.
  • France’s PayPlug to deploy ACI PAY.ON Payments Gateway from ACI Worldwide.
  • Entersekt announces original equipment manufacturing agreement with transaction processing specialist, Global Kinetic.
  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • BBVA to leverage mobile accounting opening technology from Oracle Communications.
  • GMC Software awarded the Xplor Application of the Year Award.
  • Striata named a Visionary in Gartner Magic Quadrant for Customer Communication Software.
  • Signifyd joins Salesforce Partner Program.

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.

FinovateEurope Sneak Peek: Jumio

Screen Shot 2017-01-17 at 1.46.02 PM

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Jumio’s Netverify offers the ability to accurately capture and verify utility bills and bank statements for proof of address purposes, as intended by the EU AML directives.

Features

  • Mobile or web data extraction of utility bills and bank statements
  • Meets European KYC requirements
  • Secure and easy way to establish proof of residence

Why it’s great
Jumio’s Netverify trusted identity solution now includes Document Verification. Scan utility bills, or other proof of residence, along with bank statements to assure KYC compliance.

PresentersScreen Shot 2017-01-17 at 1.54.49 PM

Philipp Pointner, VP Product
Pointner serves as Jumio’s VP product and facilitates Jumio’s product strategy. With his team of product managers and designers, he turns visions into products.
LinkedIn

John McIntosh, Senior Sales EngineerScreen Shot 2017-01-17 at 1.54.58 PM
McIntosh is the senior sales engineer for Jumio. He has a 15-year history working in fraud, risk, and finance.
LinkedIn

Finovate Alumni News

On Finovate.com

Around the web

  • First Oklahoma FCU to deploy core account processing technology from Fiserv.
  • Yoyo unveils marketing automation platform, Yoyo Engage, at Davos.
  • Misys adds crowdlending module to FusionBanking platform.
  • United Nations FCU chooses digital banking platform from Jwaala.
  • OnDeck and payment solutions provider WEX team up to provide small business financing.
  • ABA Banking Journal column on biometric authentication features Daon and EyeVerify.

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.

Jumio Adds Biometric Facial Recognition to Netverify

jumio_homepage_october2016

Adding biometric facial recognition to its flagship Netverify digital ID-verification platform will enable Jumio to offer a “three-pronged approach to the KYC process on mobile,” the company said today. The facial recognition technology combines with Netverify’s Face Match and ID-verification functionality to provide financial services companies, banks, and other businesses with a greater ability to prevent digital fraud.

Jumio CEO Stephen Stuut referenced the recent unauthorized, account opening scandal at Wells Fargo in discussing the need for better anti-fraud solutions. “It’s critical to look beyond existing multifactor-authentication solutions whenever any digital transaction takes place,” Stuut said. “The addition of biometric facial recognition, combined with ID verification, will … help ensure that the individual in front of the screen is who they say they are.”

jumio_netverify_homepage_october2016

The biometric facial recognition technology Jumio is adding to Netverify will add “liveness” detection to the platform. “Liveness” detection combats fraudsters who attempt to use static images to trick authentication systems. By monitoring for and identifying even the most minute facial movements, “liveness” detection combines well with other tools like Face Match to grow customer conversions, as well as reduce fraud. And because both “liveness” detection and Face Match work quickly (“no more than five seconds”), the customer experience remains smooth and efficient.

In addition to the update on Netverify, Jumio also shared the results of a survey it conducted with more than 700 millennials on their mobile banking preferences. Among the insights in Millennials Speak Out on Mobile Banking: Jumio’s 2016 Global Survey of Millennials was the observation that while 93% of those surveyed had abandoned a mobile banking transaction at least once, “the primary challenge millennials cited in these transactions was a forgotten password.” A similar percentage of respondents (94%) said they wanted financial services companies to “offer the ability to scan passports and drivers’ licenses” for authentication purposes. “As concerns around data security reach new heights, the call to action for businesses is clear,” Stuut said, “protect customers from fraudulent account access by creating new ways to validate identity that make the customer experience more seamless, not more complex.”

Founded in 2010 and headquartered in Palo Alto, California, Jumio demonstrated Netverify at FinovateEurope 2015. Earlier this month, the company announced a partnership with UAE Exchange, an Abu Dhabi-based remittance, foreign exchange, and payment-solutions provider with more than 800 branches across 31 countries. Also in October, Novum Bank selected Jumio’s Netverify to accelerate its client-onboarding process. For more on the company, check out our CEO interview with Jumio’s Stephen Stuut from September.