FinDEVr APIntelligence

FDNY17-Logo-RevFinDEVr New York will be here in less than one week! Check out company features and take a look at the previews from upcoming presentations. And of course, don’t forget to register today to save!

On FinDEVr.com

Alumni updates

  • Citi introduces new mobile passcode solution for its Treasury and Trade clients. See Citi at FinDEVr New York next week.
  • Putnam-Greene Financial Corporation to deploy core banking technology from Fiserv. Join Fiserv in New York next week for FinDEVr New York.
  • Capital One Financial Corporation appoints Amy Lenander as UK CEO.
  • Barclaycard adds free Uber ride as reward for loyal cardholders. See Barclaycard next week at FinDEVr New York.
  • OutsideIQ partners with SAP Ariba to help corporations quickly screen vendors for risk and regulatory compliance.
  • FinDEVr alum Capital One joins the chatbot revolution with its new SMS virtual assistant, Eno.
  • Currencycloud Collects $25 Million in New Funding.
  • BBVA Compass unveils BBVA Momentum, a seven-month accelerator for socially-minded entrepreneurs.
  • Kabbage nabs $500M for small business loans.
  • Fidor partners with Van Lanschot to create the first PSD2-inspired Payment Avenue.
  • MX to power digital money management tools for Travis CU.

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

Finovate Alumni News

On Finovate.com

  • Dream Payments Closes $10 Million Series A.

On FinDEVr.com

Around the web

  • Xceptor opens new office in New York.
  • Kabbage nabs $500M for small business loans.
  • Tradeshift to acquire Capgemini’s IBX Business Network.
  • Segmint listed in the Gartner Magic Quadrant for Digital Marketing Hubs.
  • Fidor partners with Van Lanschot to create the first PSD2-inspired Payment Avenue.
  • Poland’s Idea Bank creates accounting program for Uber drivers.
  • MX to power digital money management tools for Travis CU.

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.

Forecasting Fintech for 2017

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It takes more than just one crystal ball to discern which trends will drive fintech innovation in 2017. To this end, here’s a roundup of predictions and prognostications on what the new year will bring in everything from artificial intelligence and the blockchain to payments and banking for the underbanked.

  • Banking ‘Disappears’ and Other Fintech Predictions for ’17 – American Banker
    • Hot Take: “Whether it’s through IoT devices, fintech platforms, virtual assistants or chatbots, people will likely spend more time connecting to their money through such channels and less time directly interacting with their banks.”
  • 3 Key Fintech Predictions for 2017 – Banking.com
    • Hot Take: “As much as 80 percent of the (African) continent is unbanked and up to 90 percent of retail payments are made using cash. This opens the door for fintech players to target consumers and workers who do not have access to traditional banking. Because of this banking gap, it is likely that some countries will entirely skip one generation of payment types (e.g. cards and start building a more innovative, mobile-drive(n) payments infrastructure.”
  • 11 Fintech Trends You Need to Follow – The Finanser
    • Hot Take: “According to EY, China has now taken the lead as the #1 fintech market in the world. Organizations should be looking east for business model innovations that can drive new revenues and sources of profit. New business models, such as Ant Financial and WeBank services, will start influencing fintech in the U.S. and Europe, as they are driven by mobile money services.”
  • Top 10 Fintech Predictions for 2017 – Daily Fintech
    • Hot Take: “Bitcoin moves from its Darknet phase (illegal) to the early adopter Clearnet phase. This is when legitimate people charge in Bitcoin for legal transactions. This will start with cross border digital products. Because this brings new bitcoins into ‘circulation’ with owners who also then want to pay in bitcoin, this starts a sustainable move to mainstream use which supports the price.”
  • Five fintech trends for 2017 – bobsguide
    • Hot Take: “Innovation in artificial intelligence is set to increase in 2017. AI will provide business users with access to powerful insights before they are available to them. This will be done through the use of cognitive interfaces in complex systems, advanced analytics, and machine learning technology.”
  • Top Ten Fintech Predictions for 2017 – Crowdfund Insider
    • Hot Take: “The rebirth of trust is upon us with the advent of distributed ledger. Many issues such as fraud, verification of true ownership, clearance of multi-party transactions and chain-of-events are easily solvable. Insiders have been calling the distributed database, ‘The New Internet.'”
  • Fintech Predictions for 2017 – TechCrunch
    • Hot Take: “2016 brought rocky times for some FinTech lenders, especially in the first half of the year, but through the tumult came maturity. The complexity and challenges of running capital intensive businesses in a highly regulated industry was never more real than 2016, but the top platform weathered the storm, and most are long-term stronger for it. 2017 will continue to be the year where the top players pull away from the pack. At the beginning of 2016, there were an estimated 400+ fintech lenders in the U.S. – in 2017, I expected the supermajority of the lending to come from just 10 or so platforms.”

Fintech 2017 – The Roundtables

  • Fintech: What’s Next? – Breaking Banks
    • Brett King, Moven (F16); Chris Skinner, The Finanser; Jim Marous, The Financial Brand; Dave Birch, Consult Hyperion; Ghela Boscovich, FemTech Leaders; and Penny Crosman, American Banker
  • Fintech Predictions for 2017 – Fintech Insider
    • David M. Brear, 11FS; Chris Skinner; Jason Bates, 11FS; Simon Taylor, 11FS; David Birch; Ben Brabyn, Level3
  • Top 10 Retail Banking Trends and Predictions for 2017 – The Financial Brand
    • Last, but not least, this 90+ page report features insights from a panel of more than 100 global financial service leaders from around the world. Includes Don Bergal, Avoka (F16, FD16); Mike Carter, D3 Banking (F15); Scarlett Sieber, Shamir Karkal, Teppo Paavola, Maria Jose Jorda Garcia, BBVA (F13, FD16); Jon Ogden, MX (F16, FD16); Frank Schwab, Sberbank (F16); Sophie Guibaud, Fidor (F11, FD16); Matthew Wilcox and Deva Annamalai, Fiserv (F16); Bob Legters, FIS (F16); John Waupsh; Kasasa (as BancVue F09); Jelmer de Jong, Backbase (F16).

“F” refers to the company’s most recent Finovate conference appearance. “FD” refers to the company’s most recent presentation at our developer’s conference, FinDEVr. Find out more about our upcoming events FinovateEurope in February and FinDEVR New York in March.

Finovate Alumni News

On Finovate.com

  • “FinovateAsia 2016: A Tale Told in Tweets”

Around the web

  • Vantiv to acquire Moneris USA for $425 million.
  • IBM to help Thailand’s KBank develop blockchain network to fast-track complex corporate credit processes.
  • Aerospike launches new version of platform designed for enterprise customer-engagement apps.
  • Wipro wins 2016 Customer’s Choice award in the IT Provider of the Year category of the Payload Asia Awards.
  • Bill.com introduces new digital payments solution, Bill.com Connect.
  • “Overbond Integrates Thomson Reuters Data Universe to Optimize Price Discovery”
  • MX to power financial data for Tyfone digital banking solutions.

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 Flashbacks: Full Presentation Videos Now Live

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It’s FinDEVr Silicon Valley like you’ve never seen it before—on video! If you missed out on last month’s conference and want to catch the latest in fintech developer trends, or if you just want to re-live the moments from the show, you’re in luck.

All of the presentation videos from the conference are available for free on FinDEVr.com. Not sure where to start? Take a peek at these award-winning companies:

Tuesday crowd favorite: MX


Wednesday crowd favorite: OCR Labs

 


Media favorite: 1787fp

 


Favorite alum: Lleida.net


Favorite debut: WiseBanyan


Favorite established company: IBM


Favorite startup: Alloy

 

We’ll see you next year or at FinDEVr New York on March 21 & 22, 2017!

FinDEVr Silicon Valley: Celebrating the Best of the Builders

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After watching two days of live presentations from fintech innovators from around the world, the attendees at FinDEVr Silicon Valley 2016 have made plain their preferences. So many presenters received enthusiastic praise for the way they are solving problems and developing tools/APIs to make payments more efficient, security more effective, and financial data more accessible. Although all companies impressed the audience, still a few emerged as clear favorites.

So without further ado, let’s take a look at them (all chosen by audience vote, except the press/analyst favorite):

Crowd favorite, day one:

  • MX for its heartfelt message on how it gets the necessary work done, both in fintech and in life

Crowd favorite, day two:

  • OCR Labs for its innovations in optical character recognition (OCR) and facial recognition (FR) technology and their application on web and mobile platforms.

Press/analyst favorite:

  • 1787fp for its mobile app that helps consumers track and manage their finances and investments.

Favorite FinDEVr alum:

  • Lleida.net for its registered email and registered electronic contract technology.

Favorite FinDEVr debut:

  • WiseBanyan for its free, independent, goal-based roboadviser designed to help investors reach their first $100,000.

Favorite established company:

  • IBM for its implementation of the Hyperledger Project and blockchain-as-a-service strategy.

Favorite startup company:

  • Alloy for its software solutions that help financial services companies conduct KYC/AML; develop risk-management strategies; and maintain continuous compliance.

We want to thank everyone who made FinDEVr Silicon Valley 2016 possible. From our presenters to our attendees to all the staff and others who participated in this year’s event, we truly could not do this without you. So give yourselves a pat on the back, raise a toast of something tasty, and mark your calendars as we take our developers conference to the Big Apple next spring for FinDEVr New York 2017, and then across the Atlantic in June for FinDEVr London 2017.

FinDEVr Preview: MX

FinDEVr PreviewsFinDEVrSV16-withdate highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Tickets are on sale now. Visit our registration page and save your spot today.

MX will be unveiling a next-generation financial API platform. The fintech community can benefit from advanced features and real-time, open-source solutions. This presentation will explore how to create call-back mechanisms and client-side libraries, including RubyGem and NodeJS.

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Why it’s a must-see
The company’s MX Atrium API gives you more than 30,000 connections to financial institutions. It also cleanses, categorizes, and classifies all transaction data with the greatest accuracy on the market—all with fintech-friendly pricing and no user limitations. Get access to the code in 30 seconds and see our world-class documentation for yourself.


Check out more of today’s FinDEVr Previews:

Finovate Alumni News

On Finovate.com

  • A Deep Dive into the Upcoming FinDEVr Silicon Valley 2016

Around the web

  • Idaho Central CU to deploy Alkami ORB platform.
  • Thomson Reuters unveils blockchain dev platform, BlockOne ID.
  • Banking Technology looks at Misys and its plans for a November IPO.
  • Revolut partners with Bank of Lithuania to promote cross-border payments.
  • Hyperwallet introduces its Tax Compliance Services initiative.
  • Cloud Lending Solutions appoints new chief revenue officer and chief financial officer.
  • Yandex.Money to offer mobile money-transfers and support-group chats for crowdfunding via Apple’s iMessage.

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 October 18 & 19 in Santa Clara. Register today to save your spot!

Check out our latest FinDEVr Previews featuring:

The latest from FinDEVr New York and upcoming Silicon Valley presenters

  • Visions FCU signs with MX for money-management app.
  • OnDeck launches marketing campaign featuring Shark Tank judge Barbara Corcoran.
  • Inside Expensify’s New Concierge Bot.
  • Lleida.net Calls New Patent a Turning Point.

Alumni updates

  • Entersekt listed among 100 most promising African fintech companies of 2016.
  • Aurionpro joins Temenos MarketPlace.
  • Avalara Raises $96 Million in New Funding.

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

Finovate Alumni News

On Finovate.com

  • Financeit Recruits CFO from Capital One Canada
  • Wave Mechanics: FT Partners Report Highlights Trends Driving Rise of Insurtech

Around the web

  • Fiserv inks deal with FCTI to provide transaction processing for 8,000 ATMs in 7-Eleven convenience stores in U.S. Video of Fiserv’s recent live demo from FinovateFall is now available.
  • NCR launches cloud-based developer portal.
  • ACI Worldwide and Vocalink partner to provide real-time payments solution.
  • Let’s Talk Payments interviews Tom Burgess, Linkable Networks founder and CEO.
  • Visions FCU signs with MX for money-management app.
  • Zopa releases its first-ever rating of a batch of securitized Zopa loans.
  • Sezzle Wins $10,000 from Securian in Minnesota Cup Startup Competition.
  • Aurionpro joins Temenos MarketPlace.
  • OnDeck launches marketing campaign featuring Shark Tank judge Barbara Corcoran.
  • RightCapital launches Leads, a tool to help financial advisers turn leads into clients.

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.