Finovate Alumni News

On Finovate.com

  • Exate, FutureFlow, Anorak Join FinTech Innovation Lab London.

Around the web

  • Klarna announces collaboration with rapper Snoop Dogg.
  • OutSystems earns a spot on G2 Crowd’s 2019 Best Software Companies roster.
  • IHS Markit partners with AcadiaSoft to support initial margin management.
  • Coinbase acquires data collecting and management specialist, Blockspring.

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 APIntelligence

Our first developers conference in the U.K. is next month. Join us for two days of developer-focused presentations, demonstrations, and conversations at FinDEVr 2017 London, June 12 and 13. Stop by our registration page today and save your spot.

On FinDEVr.com

  • Trulioo and the Regtech Revolution: How Smaller Teams Tackle the Compliance Challenge.
  • Inside BBVA’s Open API Marketplace

Alumni updates

  • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
  • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
  • Cisco and IBM team up on security.
  • Glenmede taps IHS Markit for data management.
  • Bank of Sydney replaces its digital banking platform with DigitalAccess from Fiserv.
  • eWise integrates its Aegis data aggregation platform into Backbase’s Open Banking Marketplace.
  • Xero Partners with Expensify for In-House Expense Management.
  • PYMNTS.com features The CardLinx Association’s success.
  • Xero expands online-invoice payment options in Xero for Australia.
  • Worldpay tests payments in virtual reality

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

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

  • Caxton Leverages the Blockchain to Provide Faster, Safer, API-Free Connectivity.
  • Trulioo and the RegTech Revolution: How Smaller Teams Tackle the Compliance Challenge.
  • CUneXuscplXpress to Power One-Click Loans for MeridianLink.

Around the web

  • Symphony Software Foundation announces its latest Gold Member, Ipreo.
  • BBVA unveils open API marketplace.
  • Fiserv launches cybersecurity for digital banking solution, SecureNow.
  • Trustly partners with Nordic online fashion retailer, Boozt.com.
  • AutoGravity wins 2017 North American Frost & Sullivan Entrepreneurial Company of the Year Award.
  • Fonetic and Actiance partner for trade reconstruction.
  • IHS Markit launches Outreach360 platform on Counterparty Manager.

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, FinDEVr Alums Earn AWS Financial Services Competency Status

Finovate, FinDEVr Alums Earn AWS Financial Services Competency Status

aws_financialcompetencies

Amazon Web Services has introduced a pair of new competencies as part of its AWS Competencies Program. The program is used by AWS to designate specific industry expertise or “competency” among its network partners. And this week we learned that one of these new competencies, AWS Financial Services, features more than a handful of Finovate/FinDEVr alums.

Earning spots in the Risk Management category of AWS Financial Services Competency Partners were FICO (FD16), FIS-Prophet (F16), and NICE Systems (F15). Four alums—Avoka (F16), Corezoid (F16), Mambu (F13), and Moven (F16)—made up more than half of the companies in the Core Systems category. IHS Markit (FD16) earned a place in the Data Management category along with two other alums, Infosys (F09) and Wipro (F15).

Avoka CMO Don Bergal credited the AWS Cloud for enabling the company to deliver solutions with the speed, security, and regulatory compliance needed to serve “the largest financial institutions worldwide.” Mambu CEO Eugene Danilkis called AWS “the future of agile, cost-effective infrastructure” for both fintech companies and FIs. Speaking for FICO, which made its FinDEVr debut in New York this spring, CTO Stuart Wells said his company will increase the amount of its risk management and compliance technology available via the cloud “powered by AWS.”

The AWS Competency Program is designed to help customers use Amazon Web Services by connecting with the company’s network partners in a variety of fields. For the Financial Services competency, these fields include banking and payments, capital markets, and insurance. Amazon Web Services made the new competency announcements at its re:Invent conference this week.

Finovate Alumni News

On Finovate.com

  • “P2P Lender Zopa to Launch Challenger Bank”
  • “Finovate/FinDEVr Alums Featured Among Monitise FINkit Platform Partners”
  • “Veridium Brings Hand Recognition Authentication to Mobile-Only Dutch bank, bunq”

Around the web

  • Co-founder of Markit, Rony Grushka, joins Algomi’s board of directors.
  • FinDEVr alum Quovo launches its account-authentication API.
  • Juvo teams up with Cable & Wireless to provide mobile credit services in the Caribbean.
  • Mastercard partners with Ratnakar Bank to launch Masterpass QR in India.
  • Thomson Reuters unveils its Thomson Reuters Pricing Service Evaluation Score (TRPS) to support pricing transparency.
  • LendingTree acquires credit card comparison and education provider, CompareCards.
  • Pirean wins security innovation of the year at the U.K.’s 2016 IT Industry Awards.
  • SafetyPay to power payment solutions for Payzoff.
  • NatWest deploys BioCatch behavioral biometrics technology.
  • Boku provides direct carrier billing in Japan for Spotify.

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 APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October in Santa Clara. Early bird tickets expire soon so register today to save your spot!

On FinDEVr.com

  • First Wave of FinDEVr Silicon Valley Presenters Revealed

The latest from FinDEVr New York 2016 presenters

  • NYMBUS Raises $12 Million in Round Led by Vensure  Enterprises
  • Braintree, Finicity, and Twilio Take Top Honors at API World Awards
  • Markit enhances WSO software suite to offer new levels of automation for syndicated loan market.

Alumni updates

  • National Bank of Kuwait goes live with Temenos Treasury Trader.
  • CardFlight to Power EMV Mobile Processing for BluePay
  • Trulioo announces enhancements to the global AML watchlist capabilities of its GlobalGateway platform.
  • Chain announces new partnership with Initiative for Cryptocurrency and Contracts (IC3).
  • Fintech News Switzerland highlights Currency Cloud in a look at London’s top rising fintech stars.

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

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: How the Kore Bots Deliver More than Your Average Chatbot
  • DriveWealth Expands APIs for Wealth Managers
  • Braintree, Finicity, and Twilio Take Top Honors at API World Awards

Around the web

  • BankBazaar wins “Emerging Brand of the Year” and “CEO of the Year” at seventh CMO Asia Awards.
  • Fintech News Switzerland highlights Currency Cloud and Zopa in a look at London’s top rising fintech stars.
  • Boku brings direct carrier billing to Windows 10 phones in the United Kingdom and Italy.
  • Markit enhances WSO software suite to offer new levels of automation for syndicated loan market.

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 APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October in Santa Clara. Register today to save your spot.

On FinDEVr.com

  • Avalara Adds to Compliance Document Management Solution, CertCapture
  • GreenKey Launches Design Partner Program

The latest from FinDEVr New York 2016 presenters

  • OutsideIQ Brings Due Diligence Platform DDIQ to New
    International Markets
  • The International Swaps and Derivatives Association and Markit launch ISDA Amend 2.0.

Alumni updates

  • Kontomatik’s Konstantin Rabin shares his thoughts on successful lending in The Paypers.
  • Envestnet | Yodlee launches Transaction Data Enrichment to offer transparency into transactions.

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

Finovate Alumni News

On Finovate.com

  • PayNearMe Powering Cash Payments for Comcast
  • Lendio by the Numbers: $250 Million in Loans to 10,000+ Small Businesses
  • Azimo Launches Money Transfers on Facebook Messenger
  • Dwolla Launches New Dashboard for White-Label Partners

Around the web

  • Trustly announces new partnership with Nordnet Bank to speed new customer onboarding.
  • Sberbank adds brokerage services to its online system.
  • Wealthfront upgrades its Android app, adding PIN and fingerprint lock and support for IRA contributions.
  • TipRanks launches new feature to allow users to Import their Online Brokerage Portfolio to TipRanks.
  • The International Swaps and Derivatives Association and Markit launch ISDA Amend 2.0.

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.

A Look at the First Week of Nasdaq’s Fintech Index

A Look at the First Week of Nasdaq’s Fintech Index

While many of you were busy catching Pikachu last week, you may have missed that Nasdaq, in collaboration with KBW, launched an index to track financial technology. Officially named KBW Nasdaq Financial Technology Index (KFTX), the fund tracks 49 fintech companies, including 17 Finovate and FinDEVr alums.

On Monday, 18 July, the index opened at 1,000 points and closed at almost 1,014 points on Friday, 22 July.

Screen Shot 2016-07-25 at 2.52.11 PM

Finovate and FinDEVr alums listed in the index include:

According to Nasdaq’s press release, the companies in the index “represent roughly one-fifth (18%) of the investable domestic financial universe and nearly 4% of the investable domestic equity universe to account for approximately $785 billion in total market cap.”

It’s worth noting that the index, which will be rebalanced quarterly, does not consider activity from private companies, startups, or banks. Large, public companies may not be as sprightly as two guys in a garage, but they create their fair share of cutting-edge products and services. When creating the index, KBW and Nasdaq adhered to three guidelines:

  1. The companies mainly sell financial services
  2. Not primarily brick-and-mortar operated
  3. Income is generated from fees, rather than interest

Other companies in the index include (each company in the index is weighted equally):

Alliance Data Systems Corp. (ADS); Bankrate Inc. (RATE); Black Knight Financial Services Inc. (BKFS); BofI Holding Inc. (BOFI); Broadridge Financial Solutions Inc. (BR); Cardtronics Inc. (CATM); CBOE Holdings Inc. (CBOE); CME Group Inc. (CME); CoreLogic Inc. (CLGX); Dun & Bradstreet Corp. (DNB); Euronet Worldwide Inc. (EEFT); EverBank Financial Corp. (EVER); EVERTEC Inc. (EVTC); FactSet Research Systems Inc. (FDS); First Data Corp. (FDC); FleetCor Technologies Inc. (FLT); Global Payments Inc. (GPN); Intercontinental Exchange Inc. (ICE); MarketAxess Holdings Inc. (MKTX); Moody’s Corp. (MCO); MSCI Inc. (MSCI); Nasdaq Inc. (NDAQ); S&P Global Inc. (SPGI); SEI Investments Co. (SEIC); Square Inc. (SQ); SS&C Technologies Holdings Inc. (SSNC); Total System Services (TSS); The Western Union Co. (WU); VeriFone Systems Inc. (PAY); Verisk Analytics Inc. (VRSK); Virtu Financial Inc. (VIRT); and WEX Inc. (WEX).

Finovate Alumni News

On Finovate.com

  • MoneyHub Teams Up with Unbiased to Help People Manage their Finances
  • Expensify Unveils ReceiptBurner and Price-to-Beat
  • Finovate Debuts: Walletron Helps Brands Build a Presence in Digital Wallets

Around the web

  • Concur to deploy SilverRail API to enable European travelers to search, plan, and schedule travel by rail.
  • CSI globalVCard moves global partnership-operations team to Dallas; Nan Dawson promoted to SVP of partnership operations.
  • Lending Club announces new Chief Capital Officer, Patrick Dunne.
  • CoinTelegraph names Braintree, Chain, and Ripple as three companies that will shape the future of money.
  • Sberbank Capitalizes On Pokémon Go Marketing Opportunity
  • Over the last year, 50 new customers added Guardian Analytics Wire to protect their customers from the Business Email Compromise scam.
  • Simple celebrates its 7th anniversary, now with 300,000 customers and a little over 300 staff.

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.