Kony to Power Digital Initiative for Partners FCU

Enterprise app company Kony announced it has teamed up with Partners Federal Credit Union to accelerate the credit union’s new digital banking services.

Specifically, Kony will fuel Partners FCU’s Digital 2x initiative which focuses on accelerating the delivery of new digital banking services and enhancing the digital user experience. Partners FCU, which is the credit union for employees of the Walt Disney Company, hopes that its Digital 2x initiative will offer its 150,000 members a seamless, universal experience across all of its digital services.

The aim of Kony’s involvement in the initiative is two-fold. Partners FCU is planning for it “to deliver new digital banking services and capabilities” while at the same time “fostering an agile work environment to empower teams to quickly adapt to change.”

To chronicle the success of the partnership, the California-based credit union is creating a five-part documentary series highlighting key milestones in the credit union’s digital evolution. Check out the series overview video below:

In describing why his firm selected Kony, Partners FCU President and CEO John Janclaes said, “We wanted to work with the industry’s best digital master, so we selected Kony to be our trusted partner to help us on this digital journey. Our objective is to ensure we deliver innovative banking services seamlessly across both our digital and physical channels, and not only meet but exceed the expectations of our cast members today and in the future.”

Founded in 2007, Kony is a cloud-based application solutions company that seeks to help financial institutions of all sizes quickly bring their app ideas to market. The company specializes in omni-channel banking applications that offer an excellent user experience.

Kony’s CTO, Bill Bodin and Product Marketing Manager, Antonio Sanchez, recently showcased its Digital Banking Platform at FinovateFall 2017. In August of 2017, the company unveiled the Kony AppPlatform V8 that aims to help professional developers meet demand for apps and help organizations simplify the app development and deployment processes. And in October of last year, the company launched a new digital banking solution that leverages Daon’s biometric tools. Kony is headquartered in Austin, Texas and has raised more than $115 million.

Finovate Alumni News

On Finovate.com

  • Entersekt Joins ForgeRock Trust Network as Principal Technology Partner.
  • Kony to Power Digital Initiative for Partners FCU.

Around the web

  • Software Group goes live on Temenos Marketplace.
  • Finastra introduces tailored Fusion Treasury solution for Russia and the CIS.
  • FIS announces partnership with nexo standard to build compliance testing tools.
  • Wall Street Journal profiles mortgagetech innovator Unison.

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

  • 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.

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

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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.

 

Kony to Launch Digital Banking Solution Leveraging Daon Biometrics

Enterprise application and mobility solutions company Kony unveiled a new digital banking platform and suite of apps. These Next Generation Digital Banking solutions help banks deliver a better user experience cost effectively across any channel.

The suite will be released in the Spring of 2018 and will include digital banking apps for retail banking, business banking, loans, new account onboarding, and digital wallets. In addition to the suite of apps, the company will release its Digital Banking Marketplace that hosts third party partner services to help speed the notoriously-slow app development process.

And thanks to a partnership with Daon, Kony’s Digital Banking Platform will authenticate users with facial, fingerprint, and voice recognition biometrics using the Virginia-based company’s IdentityX solution. IdentityX uses factors such as device-binding, geolocation, liveness detection, and more to offer a seamless user experience. The flexible solution allows for new technology and biometric methods to be integrated as they become available in the future.

Thomas E. Hogan, chairman and CEO, Kony said, “The new Kony Digital Banking Platform, combined with our growing portfolio of banking applications, and our strategic partnership with Diebold Nixdorf, will enable us to achieve our vision to facilitate banking anytime, anywhere, and through any channel – both physical and digital.”

Kony’s CTO, Bill Bodin and Product Marketing Manager, Antonio Sanchez, recently showcased its Digital Banking Platform at FinovateFall 2017. In August, the company unveiled the Kony AppPlatform V8 that aims to help professional developers meet demand for apps and help organizations simplify the app development and deployment processes. Founded in 2007, Kony is headquartered in Austin, Texas.

Daon most recently presented its authentication technology at FinovateFall 2016. Today, the company announced that it was selected by VISA to power biometrics for the VISA ID Intelligence Platform that will offer a seamless way for consumers to shop, pay, and bank on their mobile device. Earlier this summer, the company teamed up with EyeVerify to add EyeVerify’s EyeprintID technology to its IdentityX platform. In May, Daon integrated with Experian’s fraud and identity management platform, CrossCore. Check out our profile of Daon along with an interview with the company’s President of the Americas, Conor White.

Finovate Alumni News

On Finovate.com

  • Kony to Launch Digital Banking Solution Leveraging Daon Biometrics.
  • Roostify to Preview Decision Builder Tool to Ease Loan Application Process.

Around the web

  • NCR introduces its cloud-based mobile payment solution.
  • FICO partners with GVNG to provide non-profits with AML and KYC solutions.
  • Trustly added to Flywire platform as a preferred payment option courtesy of new agreement.
  • nCino scores top spot in Aite Group report on global commercial loan origination.

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

  • AlphaPoint Teams with Intel to Launch Secure Smart Contracts Solution.

Around the web

  • Finextra: Sberbank joins Enterprise Ethereum Alliance.
  • Aerospike announces upcoming new version of its database — Aerospike 4.0 Enterprise Edition.
  • Checkpoint Systems wins Asia Business Achiever Awards.
  • Kony unveils its next generation digital banking platform and suite of applications.
  • FIS to provide cash management and payment solutions for Citi’s corporate treasury customers in new partnership.
  • iSignthis to integrate its Paydentity UBO Service with Web Shield’s InvestiGate platform.

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

  • Truphone Raises $339 Million to Fuel Global Expansion.
  • Best of Show Winner Voleo and Nasdaq to Launch Equity Trading Competition.

Around the web

  • New York Life launches student loan repayment program; partners with Student Loan Genius.
  • NCR unveils new mPOS solution, Ring Up, designed for U.S. micro businesses.
  • Investr to offer fractional share trading via partnership with DriveWealth.
  • MarketEarlybird announces availability on cloud-based workflow and collaboration platform, Symphony.
  • Quadient (formerly GMC Software) expands Partner Advantage Program.
  • Top Image Systems eFLOW Remit tops 50 billion transactions.
  • Ondot Systems brings its card control technology to Access Softek mobile banking platform.
  • Pendo launches Pendo Machine Learning Platform (PMLP).
  • ICBA adds CECL Solution from ProfitStars to Preferred Service Provider Program
  • Finastra adds three new CU clients
  • Kony to power next-gen digital platform for NRT and Sightline.
  • Pendo Systems selected by SWIFT as One of 16 Fintechs to Exhibit at SIBOS 2017.
  • 35 Finovate alums named in IDC Financial Insights’ top 100 fintech rankings

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

  • HooYu Brings Identity Confirmation Technology to BCRemit.
  • StreetShares Raises $10.3 Million for “Shark Tank Meets eBay” Approach to P2P Lending.
  • Flywire Expands Operations in Japan, Forms Partnership with Volvo.

Around the web

  • UPS Capital launches cross-border B2B payment service powered by Payoneer.
  • Risk Ident opens new U.S. office at Cambridge Innovation Center, near Boston, Massachusetts.
  • Venmo introduces QR code feature to help users find payee profiles faster.
  • eMoney launches redesigned website with a new UX enhanced navigation and multimedia content.
  • Digiliti Money (formerly Cachet Financial Solutions) appoints interim CEO.
  • Qapital now offers checking account and debit card.
  • BBVA joins Singapore-based trade finance platform Capital and Credit Risk Manager
  • Al Masraf selects Temenos’ digital banking technology
  • Kony announces V8 release of Kony AppPlatform to help developers design, develop and deliver omnichannel apps fast.
  • Shoeboxed launches Fetch, a new expense system
  • Trusona opens new office in Tokyo, Japan.

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

  • Vipera Acquires SoftTelecom for $1.5 Million
  • FutureVault Appoints John D. Orr as New CEO.
  • Handle Financial’s PayNearMe Partners with Blackhawk Network.

Around the web

  • CrowdFlower earns Gartner “Cool Vendor” status for Information Innovation and Governance.
  • Braintree surpasses one billion transactions per quarter milestone.
  • Infosys wins three out of seven Catalyst Awards at TM forum Live.
  • Baidu and PayPal announce strategic partnership.
  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Top Image Systems announces eFlow AP 5.2 integration with SAP S/4HANA.
  • Wipro and Compuware partner to launch mainframe center of excellence.
  • Agreement Express ranked among top 100 technology companies in British Columbia by Business in Vancouver.
  • SearchUnifiedCommunications features Bluescape in its look at use cases for digital collaborative whiteboards.
  • Pendo Systems announces trio of new hires to support a “banner year” for the company.
  • Central Bankshares now uses Jack Henry’s Banno for online banking.
  • UN Migration Agency Selects Kony to Accelerate Digital Strategy to Reach More Migrants.

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.