Finovate Alumni News

On Finovate.com

  • Finicity Announces Full Integration with BeSmartee.
  • $500 Million Secondary Investment Boosts Credit Karma’s Valuation to $4 Billion.

Around the web

  • Jack Henry’s banking division announces that seven banks will implement its Core Director core processing platform.
  • FlexTrade to integrate Kensho into its FlexTRADER EMS real-time event feed.
  • Finastra hires new Chief Product and Technology Officer, Eli Rosner.
  • iSignthis subsidiary, iSignthis eMoney, forges payment aggregation agreement with American Express Australia.
  • Best of Show winner Trusona joins ForgeRock’s identity management platform.
  • Gartner recognizes BRIDGEi2i with an Honorable Mention in the Magic Quadrant for Data and Analytics Service Providers, Worldwide.
  • Kabbage shows loan growth via the mobile channel, with 17% of all SMB loans and 15% of total dollars accessed via its platform coming through mobile.
  • Find Biometrics interviews Deepak Dutt, president and CEO of Zighra.
  • Payfone on track to authenticate 19 billion transactions for Fortune 100 clients in 2018.
  • Fort Dodge Family Credit Union to implement Larky Engagement 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

  • Dwolla Lands $12 Million.
  • Larky Deepens Partnership with Core Processing Solutions Provider Sharetec.
  • Stash Raises $37.5 Million, Launches Custodial Accounts.
  • NetGuardians Inks Agreement with FirstOntario Credit Union.

Around the web

  • InComm subsidiary On-Line Strategies launches partnership with National Bankcard Services to enable prepaid at the gas pump.
  • Neustar expands its DDoS mitigation defense network in EMEA.

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.

Larky Deepens Partnership with Core Processing Solutions Provider Sharetec

Core processing solutions provider Sharetec announced today that it is expanding its relationship with mobile engagement and loyalty program specialist Larky. Sharetec plans to use Larky’s technology with credit unions that use Sharetec’s core system to increase engagement through better membership perks, and boost revenues with more effective cross-selling strategies.

“With our location-based platform, members receive mobile notifications when they are near a specific location where there is a special offer or the credit union wants to promote a specific product or service,” Larky CEO Gregg Hammerman said. “This encourages local purchasing at the most convenient time for the member while increasing cross-selling opportunities for the credit union.”

Larky’s relationship builds on the collaboration the two companies announced last April. The company’s merchant-funded loyalty platform gives CU members instant savings and discounts at local retailers while simultaneously extending the CU’s brand. Larky provides a CU-branded iOS and Android mobile app and sends smartphone alerts to users when they are physically close to a merchant where a qualifying reward is available. Customers save as much as $1,000 in qualifying discounts, and institutions can earn additional interchange revenue from more frequent use of their credit or debit cards.

GBS Credit Union VP Dan Miller said, “The challenge to reach members is significantly lessened with the Larky platform as this tool engages and alerts members to relevant cost-saving information.” Miller added that by making it easier for credit unions to market their financial products and services to members – especially mobile-oriented members – also “strengthen(s) the credit union’s cross-selling success.”

Headquartered in Ann Arbor, Michigan, Larky demonstrated its new Android app, as well as new white-label mobile and web solution at FinovateFall 2014. Larky’s platform has been deployed most recently with First Alliance CU in Rochester, Minnesota, and with United Teletech Financial FCU in Tinton Fall, New Jersey. In December, Larky’s Hammerman and VISA’s Head of Community and Regional Accounts Doug Leighton sat for an interview with Filene to discuss credit unions and digitization.

With $2.4 million in funding, Larky includes North Coast Technology Investors, Michigan Angel Fund, Ann Arbor SPARK, and the First Step Fund among its investors. The company was founded in 2012.

Finovate Alumni News

On Finovate.com

  • Cardlytics Becomes the First Fintech to Go Public in 2018.

Around the web

  • The Banker’s Tech Talk interviews FinanceIT CEO Michael Garrity.
  • Tinkoff Bank launches development hub.
  • Icon Solutions announces strategic GDPR partnership with Digital Control Room.
  • Larky expands partnership with Sharetec.
  • Zebpay adds support for Ripple’s XRP.
  • Pindrop helping PSCU block $1 million in fraud in one month.

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

  • Backbase 6 Features New Digital Banking Backend, Open Banking and PSD2 Readiness
  • DoubleNet Pay to Power Cash Flow Management Tool for T. Rowe Price
  • SBDA Group Closes Series A Investment Round
  • ID.me Reaches 5 Million Users, Appoints C-Level Execs
  • BLUERUSH Introduces New CEO and Director Steve Taylor

Around the web

  • Filene interviews Larky CEO Gregg Hammerman on the company’s recent VISA partnership.
  • PR Savings Bank in APAC signs with Temenos.
  • Ripple completes XRP Lockup to create certainty of XRP supply at any given time.
  • ACI Worldwide receives SWIFT gpi certification for itsUniversal Payments (UP) Real-Time Payments solution.
  • Facebook Messenger chief David Marcus joins Coinbase board.

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

  • Mountain America CU Chooses Digital Banking Platform from Alkami Technology.

Around the web

  • i-exceed to power CANDI, a fully digital banking branch of Canara Bank. Come see i-exceed demo at FinovateFall next month.
  • PYMNTS.com highlights Flywire’s progress in Asia.
  • SocietyOne Celebrates Five Year Anniversary Of Helping Customers.
  • Visions FCU Implements Gro Solutions’ Digital Sales Platform to streamline new member acquisition. Check out Gro Solutions at FinovateFall next month.
  • First Alliance Credit Union Latest to Implement Larky Engagement Platform.
  • Fenergo earns top spot in the 2017 RegTech Performance Report for second year in a row.
  • Chase and OnDeck agree to continue collaboration on small business lending solutions.
  • NICE unveils its compliance recording solution, NICE Compliance Center.
  • Eugene Danilkis, CEO and co-founder of Mambu, talks digitization, credit scoring, and lending to small businesses.

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

  • Coinbase Launches Open Source Ethereum Wallet to Promote Financial Inclusion.

Around the web

  • Expensify partners with TravelPerk to make business travel easier.
  • Bento for Business welcomes Lou Friedmann as Chief Revenue Officer.
  • Featurespace’s ARIC platform to power fraud prevention for GoHenry.
  • BBVA and Ripple complete blockchain cross-border money transfer pilot.
  •  Larky to power location-based perks platform for Sharetec’s CU clients.
  • Icon Solutions enhances Instant Payments Framework (IPF) to connect to The Clearing House for US Real-Time Payments.
  • Walletron helps Transactis grow its electronic billing and payments service, BillerIQ.
  • NICE Actimize unveils new, cloud-based, fraud analytics optimization technology, ActimizeWatch.
  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.
  • IBS Sales League recognizes Temenos as “number one best-selling digital and channels solution” worldwide.
  • Algomi teams up with OpenFin to deploy software updates faster.

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: AutoGravity Unveils the Future of Auto Financing

Around the web

  • Q2 Holdings launches new targeting and messaging platform, Q2 SMART.
  • Hyperwallet announces new office in London.
  • Bluefin Payment Systems wins patents for a pair of decryption-as-a-service technology.
  • Axis Bank reports plan to be the first Indian bank to use Ripple technology for cross-border payments.
  • Garrett Planning Network partners with RightCapital to offer advisors access to financial planning software.
  • nCino ends 2016 with 130+ financial institutions in its portfolio. Come see them at FinovateEurope next month.
  • NIIT Technologies deploys BankingEasy, its Core Banking Solution on Microsoft’s Azure platform.
  • Larky shows strong growth into 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

  • Bambu Wins Spot in Hong Kong SuperCharger FinTech Accelerator.

Around the web

  • Lending Stream leverages Decision Management Suite from FICO to build new credit platform.
  • EVRY wins six-year contract extension with Sparebank 1, an alliance of 16-strong Norwegian savings banks.
  • SEB partners with Ripple to build blockchain-based real-time payments system.
  • Wipro launches Open Banking API platform.
  • Riyaz Ladiwala joins Heckyl as CEO for India operations.
  • Guardian Analytics introduces Guardian Analytics Sentinel Treasury Management for fraud protection.
  • Linkable Networks launches platform enhancements to enable retailers to verify purchases.
  • Staples to leverage Tuition.io for student loan repayment benefit option.
  • ProActive launches its 2.0 back end.
  • How Filene and Larky’s Mobile Rewards Pilot Will Promote Stronger Member Loyalty.

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

  • Jumio Adds Biometric Facial Recognition to Netverify
  • Full Envestnet | Yodlee Integration Gives Advisers Big-picture View of Client Finances

Around the web

  • Modo to give the Bank of America access to its COIN Operated Digital Payments Hub.
  • Lending Club partners with MileagePlus to offer borrowers and investors a way to earn award miles when they borrow or invest.
  • On Deck Capital, Kabbage, and CAN Capital agree to disclose SMB loan pricing
  • Expensify launches direct integration with Zenefits.
  • Actiance now aids in compliance for Workplace by Facebook
  • Check out the results of the 20-month pilot Filene conducted with Larky.
  • ProfitStars adds Financial Performance Suite Customer Profitability and Pricing module to the Independent Community Bankers of America.

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.