Finovate Alumni News

On Finovate.com

  • East vs. East: A Comparison of Regional Fintech Trends.
  • BehavioSec Brings Behavioral Biometrics to Identity Management Specialist Crossmatch.
  • Memento Partners with Islandsbanki to Add Money Pool Feature to Digital Wallet.

Around the web

  • Quid looks at Salesforce Ignite’s implementation of its data visualization technology.
  • NBC News features Ping Identity chief information security officer Robb Reck with tips on being safe on Cyber Monday.
  • Zenmonics’ digital account opening technology wins endorsement from American Bankers Association.
  • BAI Banking Strategies podcast interviews nCino CMO Jonathan Rowe.
  • Business Insider features Pindrop and Ripple in roster of startups that will boom in 2018 – as selected by leading VCs.
  • PYMNTS.com interviews Urban FT co-founder Kasey Kaplan.
  • Kantox boosts currency portfolio from 35 to 92, adding markets in Latin America and Asia.

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

  • Ledger Partners with Intel to Boost Blockchain App Security.
  • BioCatch to Power Behavioral Biometrics for Samsung SDS America.
  • Clinc Teams with Enacomm to Bring AI Chatbots to Small Banks and Credit Unions.
  • Finn.ai Powers Facebook Messenger’s First, Fully-Featured, AI-Powered, Virtual Banking Assistant.

Around the web

  • PayPal launches PayPal for Marketplaces
  • Forbes: Banks Wanted To Sink Kantox— Now They’re Vying For Its Technology
  • Zumigo’s  Zumigo Assure now prevents payment fraud even when card numbers are compromised.
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Finicity launches online platform that allows lenders to order, manage and monitor digital verification reports.
  • DAVO’s Sales Tax App, now available in the Square App Marketplace.
  • D3 Banking partners with P2P payments network, Zelle.
  • Behavioral biometric technology from BioCatch to be integrated into Samsung’s Nexsign platform.
  • Top Image Systems introduces its eFLOW AP solution for SAP.
  • Zafin offers its miRevenue platform as a cloud-based SaaS solution.
  • Scalable Capital provides BlackRock employees with streamlined access to its investment management 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.

Kantox Pulls in $6 Million from Existing Investors

Currency and risk management solutions company Kantox recently reeled in $6 million in funding. Business Insider reported on Friday that the U.K.-based company’s CEO and founder Philippe Gelis confirmed the round, which closed at the end of July. This brings Kantox’s total funding to just over $27 million since it was founded in 2011.

Contributing to the round are existing investors Partech Ventures, IDinvest Partners, and Mundi Ventures. In a statement, Gelis told Business Insider, “We have great traction so we did not want to look for new investors (something which is always very time consuming) but wanted to stay focused on the business and product development. We are getting close to becoming profitable.” He added, “We are progressing well and focusing on building sophisticated software solutions for our clients.”

“We built Kantox because we consider that foreign exchange is one of the few financial services for which you do not know how much you pay,” Gelis began the company’s FinovateEurope 2013 demo. The company serves as a marketplace where businesses can buy and sell foreign currencies; offering a low-cost foreign exchange solution that aims to undercut the interbank exchange rate. Since launching in 2011, Kantox has exchanged $4.5 billion for 2,000+ clients in 124 countries working in 35 currencies.. The company, which has offices in London and Barcelona, was recently highlighted in FinTechCity’s FinTech50 list of top European fintechs. Last year, Kantox launched Dynamic Hedging to help companies monitor currency risk in real time and expanded its API out of beta.

Finovate Alumni News

On Finovate.com

  • Kantox Pulls in $6 Million from Existing Investors.

Around the web

  • Kasasa named a Best Place to Work in Austin for a third consecutive year.
  • PCF Bank partners with Sandstone to launch a digital origination and servicing platform.
  • Cloud Lending Solutions announces CL Portal, a new expansion of the CL Solution Suite.
  • PwC UK and Featurespace partner to provide clients with technology to combat financial crime attacks.

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.

European Alums Shine in FinTechCity’s FinTech50 2017

Less than a week before FinDEVr London 2017, we’ve learned that fifteen of the companies selected by FinTechCity for this year’s FinTech50, a list of top European fintechs, are alums of Finovate and FinDEVr conferences. This is up from last year, when 13 alums who made the list. last year’s list. Six of the companies on the 2017 roster are making repeat appearances: BehavioSec, Fenergo, Kantox, Mambu, Meniga, and Revolut.

Eight of the alums in the FinTech50 are headquartered in the U.K., three hail from Germany, two from Switzerland and one each from Ireland and Sweden. The judges for the FinTech50 are a panel consisting of 60 financial services professionals from banking, payments, venture capital, and public policy-making, among other relevant fields.

2017 marks the fifth year that FinTechCity has produced its roster of the most innovative fintech companies headquartered in the U.K. and Europe. The list is designed to focus on the technology innovations each company has developed rather than the amount of money the companies have made from their technologies.  In a statement at the FinTechCity website, the organization explains the sole criteria for inclusion in the FinTech50 as “the potential to become a game-changer or the competitive staying power to continue being one.”

Here are our winning alums for 2017.

Check out the full 2017 roster. FinTechCity also honored ten fintech startups in an honorable mention category, Hot Ten 2017. Ten companies have also been recognized as the founding members of the FinTech50 Hall of Fame, including Finovate/FinDEVr alums Currencycloud, eToro, Klarna, Nutmeg, TransferWise, and Zopa. Founded by Julie Lake (CEO) and Nicky Cotter, FinTechCity will also unveil the inaugural FinTech50 Asia later this year.

Finovate Alumni News

On Finovate.com

Around the web

  • FlashFX to leverage Ripple for its new foreign-exchange payments-solution in Australia, using XRP for liquidity.
  • Blackhawk Network launches HawkCommerce.com B2B and B2C solution for expanding, distributing and managing gift cards and egifts.
  • Philippe Gélis, Kantox CEO and cofounder, and Alexandre Gaillard, InvestGlass CEO and founder, are listed among 10 French Influencers who “rock the global fintech scene.”
  • Luxoft named a Top 15 Outsourcing Service Provider by ISG.
  • Compass Plus updates TranzWare remote banking products.
  • Prosper to launch seventh generation of credit model, switches from Experian to TransUnion.
  • InComm partners with Wakefern Food Corp. to expand gift card programs.

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

Finovate Alumni News

On Finovate.com

  • AnchorID Brings Custom Authentication to Credit Unions
  • FinovateFall 2016 Best of Show Winners Announced
  • Trustly Taps Oscar Berglund as New CEO
  • FinovateFall 2016: Live from the Twitterverse

Around the web

  • Kantox launches dynamic hedging to help monitor currency risk in real-time.
  • FIS brings its Cardless Cash solution to CO-Op Financial 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.

 

Kantox Marks $100 Million Processed Since Launching API in Beta

Screen Shot 2016-07-28 at 8.44.40 AM

Currency exchange announcing that it has processed $100 million.

According to the company’s press release, thousands of transactions have been processed through the API in the 6 months since its beta launch. Philippe Gelis, CEO and co-founder of Kantox, told Finextra, “The huge uptake in our API during the beta launch indicates that Kantox is delivering genuine added value by offering finance departments headache-free automation of currency management and execution of customized FX rate-hedging strategies.”

This week the company released the API to 2,000 enterprise customers. It can be integrated with their in-house systems in just a few days. After the integration, clients can access Kantox’s services including:

  • Spot trades
  • Forwards
  • Market orders
  • International payments
  • Dynamic Hedging  
  • Payments Hub

The company’s API helps businesses manage frequent FX exposure by connecting directly to their ERP or treasury management system to control all of their FX transactions.

API

Since it was founded in 2011, Kantox’s 2,000 clients have traded $3+ billion in 103 countries and 34 currencies. At FinovateEurope 2013, Kantox CEO Philippe Gelis debuted Peer FX, a platform that enables companies to directly exchange currencies with one another. The London-based company has raised just over $21 million from 9 investors.

For more developer content, check out FinDEVr Silicon Valley this 18/19 October 2016 in Santa Clara.

Finovate Alumni News

On Finovate.com

  • Kantox Marks $100 Million Processed Since Launching API in Beta
  • Savedroid Launches Intelligent Savings App
  • France’s Groupe BPCE Acquires Munich-based Fidor Bank

On FinDEVr.com

Around the web

  • Check Point Launches Australia and New Zealand Technical Assistance Centre and Incident Response Services.
  • Kyte Consultants partners with Featurespace.
  • USE Federal Credit Union selects Kasasa.
  • Blackhawk Network Launches eCommerce Website for Gift Cards in Canada.
  • Venmo named a Breakthrough Brand on Interbrand’s 2016 report.
  • Betterment for Business Surpasses 200 Plan Sponsors.
  • Payment Data Systems launches iOS payment processing SDK.

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

  • Quantopian Receives Undisclosed Amount from Steve Cohen’s Point72

On FinDEVr.com

  • Venmo Enables Payments in Merchant Apps

Around the web

  • Kontomatik introduces Financial Health Indicator for small- and medium-sized lenders.
  • Venmo’s in-app payments technology emerges from beta.
  • Kantox processed $100 million in transactions in the six months since the debut of its API.
  • Kony launches MobileFabric, which features a model-driven approach to mobile app development using microservices.
  • American Banker’s Association features results from banks using Fiserv, Buzz Points and Larky for customer loyalty and rewards.

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.