Finovate Alumni News

On Finovate.com

  • StockViews Closes Second Round Equity Funding, Earns FCA Authorization.

Around the web

  • EverSafe picks up $250,000 in capital from JP Morgan as one of eight FinLab startup winners.
  • Affinity Plus FCU ($2 billion in assets) to deploy Fiserv’s Architect platform to power its online and mobile banking services.
  • Trusted Key CEO Prakash Sundaresan looks at changing customer expectations, security challenges, and the shifting regulatory landscape through the lens of FinDEVr London.
  • Payfone wins patent for technology that fights SIM swap fraud.
  • Ghana’s Premium Bank chooses NetGuardians’ anti-fraud solution, FraudGuardian.
  • LendingTree acquires DepositAccounts for undisclosed sum.
  • AutoGravity unveils partnership with Fletcher Jones Auto Group.

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

  • SwipeStox Parent Company Announces IPO.

Around the web

  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.
  • CSI globalVCard partners with AmTrav Corporate Travel Management.
  • Paducah Bank’s insurance agency, powered by Insuritas, set a record: 58% of the customers that asked for an auto, home or business quote bought a policy.
  • Form3 partners with Icon Solutions to leverage Instant Payments Framework for SEPA Instant Payments.
  • Surety Bank taps NYMBUS SmartCore for a Digital-First approach.

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

  • AutoGravity Brings its Auto Loan Financing Solution to the Garden State.

Around the web

  • Roostify names Sandeep Aji as Vice President of Products.
  • Symbiont partners with PrivateMarket.io to build alternative investment marketplace for closed-end funds.
  • Myanmar-based AYA Bank (Ayeyarwady Bank) chooses core banking technology from Misys.
  • NetGuardians wins spot in Euro Banking Association’s EBAday 2017 conference.
  • Clients of Nodus Technologies gain access to PCI-validated P2PE technology courtesy of new partnership with Bluefin Payment Systems.
  • Wall Street Journal reports Coinbase meeting with investors over a new round of funding that would lead to a billion dollar valuation.

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.

NetGuardians Raises More than $8 Million in Series C

With an infusion of $8.7 (CHF 8.5) million in new capital, Swiss anti-fraud specialist NetGuardians now has more than $14 million in total funding. The Series C round was led by Swisscom Ventures and Freemont Management, and the company says the financing will help fuel the company’s “continued global expansion,” support additional investment in its anti-fraud platform, and add talent to the NetGuardians team.

“This collaboration with Swisscom represents recognition from a leader in this Swiss market,” NetGuardians’ Chief Operating Officer Raffael Maio said. “We are thrilled that they are recognizing our success and our potential. The investment will help us double the headcount in the coming 18 months.” Andreas Pages of Swisscom’s Business Unit Fintech highlighted NetGuardians’ technology as the kind of “agile and compelling software” that will improve risk mitigation for FIs. “Their highly innovative technology is changing the way to fight financial crime,” Pages said.

Pictured (left to right): NetGuardians Digital Marketing Manager Mine Fornerod and Regional Director for Asia, Eric Margaryan demonstrating FraudGuardian at FinovateAsia 2016.

Founded in 2007 and headquartered in Yverdon-les-Bains, Switzerland, NetGuardians made its Finovate debut at FinovateAsia in Hong Kong last fall.  At the conference, Digital Marketing Manager Mine Fornerod and Regional Director for Asia Eric Margaryan demonstrated FraudGuardian, a solution that leverages dynamic profiling, pattern-based intelligence, and predictive analytics to provide real-time fraud detection. For the demonstration, Fornerod and Margaryan set the scene of a risk manager who had received a violation alert from FraudGuardian via SMS, and then showed how the technology was able to track down the source of a series of fraudulent transactions. “Thanks to our ground-breaking, unique, holistic approach, you can actually correlate all these user behaviors and really identify the fraudsters with 100% reliability and prevent fraud in real-time,” Fornerod said.

Named to Planet Compliance’s inaugural RegTech Top 100 Power list this spring, NetGuardians partnered with Swiss academic institution, HEIG-VD to use machine learning and AI to build new, fraud-fighting technologies in February and, in January, announced that Keystone Bank in Nigeria would deploy its FraudGuardian technology. With FIs in more than 14 countries in Europe, Africa, Asia, and the Middle East, NetGuardians has gained 20 new clients and opened offices in Singapore and Kenya in the past year and a half.

Finovate Alumni News

On Finovate.com

  • NetGuardians Raises More than $8 Million in Series C.
  • SuperMoney Brings a Kayak-like UX to the Online Borrowing Experience.

On FinDEVr.com

  • Check out previews of upcoming FinDEVr London presentations:

Around the web

  • eWise integrates its Aegis data aggregation platform into Backbase’s Open Banking Marketplace.
  • TickSmith introduces new performance-tracking module, Marketplace Advanced Insights.
  • Bank of Sydney replaces its digital banking platform with DigitalAccess from Fiserv.
  • ProActive Budget launches Android app.
  • NF Innova named Market Leader in IDC MarketScape 2017 with iBanking Solution
  • NIIT Technologies appoints Sudhir Singh as CEO Designate
  • Signicat Launches MobileID to Satisfy PSD2 Requirements.

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 Alums Populate RegTech Top 100 Power List

RegTech_image

Call it them the Finovate Fifth.

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia.

Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. It is also worth noting that their definition of RegTech is broad enough to include not just ID verification/authentications specialists, but biometric security innovators, as well.

So let’s take a look at how Finovate/FinDEVr alums stacked up.

(1) Temenos (FE15, FD15)

  • Founded 1993. Headquartered in Geneva, Switzerland. Market capitalization of $5.63 billion.

Temenos_stage_FD15

Pictured: Aaron Phethean, Marketplace Director for Temenos B2B Financial Services Marketplace, during his FinDEVr Silicon Valley presentation.

(3) Trulioo (FF16, FD14)

  • Founded in 2011. Headquartered in Vancouver, British Columbia, Canada. Raised $23 million in funding.

(5) Qumram (FF16)

  • Founded in 2011. Headquartered in Zurich, Switzerland. Raised $4.5 million in funding.

(8) Socure (FF15)

  • Founded in 2012. Headquartered in New York, New York. Raised $18 million in funding.

(10) Feedzai (FE14)

  • Founded in 2009. Headquartered in San Mateo, California. Raised $26 million in funding.

(11) Ayasdi (FF14)

  • Founded in 2008. Headquartered in Menlo Park, California. Raised $106 million in funding.

(18) NetGuardians SA (FA16)

  • Founded in 2007. Headquartered in Vaud, Switzerland. Raised $5.5 million in funding.

NetGuardians_stage_FA16

Pictured: Mine Fornerod, Net Guardians Digital Marketing Manager, demonstrating FraudGuardian at FinovateAsia 2016.

(19) BioCatch (FF14)

  • Founded in 2011. Headquartered in Tel Aviv, Israel. Raised $11.6 million in funding.

(34) Investglass (FA16)

  • Founded in 2014. Headquartered in Plan-les-ouates, Geneva, Switzerland. Raised $100,000 in funding.

(38) Mitek (FE17, FD15)

  • Founded in 1985. Headquartered in San Diego, California. Market capitalization of $218 million.

Mitek_stage_FE17

Pictured: Sarah Clark (General Manager, Identity, Mitek) demonstrating Mobile Verify at FinovateEurope 2017.

(39) nCino (FE17)

  • Founded in 2012. Headquartered in Wilmington, North Carolina. Raised $64.7 million in funding.

(45) SecureKey (FF12)

  • Founded in 2008. Headquartered in Toronto, Ontario, Canada. Raised $89 million in funding.

(48) Rippleshot (FF14)

  • Founded in 2012. Headquartered in Chicago, Illinois. Raised $4.6 million in funding.

(63) Trunomi (FE15)

  • Founded in 2014. Headquartered in San Jose, California. Raised $6 million in funding.

(66) BehavioSec (FF15, FD15)

  • Founded in 2007. Headquartered in Stockholm, Sweden. Raised $8.2 million in funding.

BehavioSec_stage_FF15

Pictured: Olov Renberg, BehavioSec COO, demonstrating BehavioSec On Demand at FinovateFall 2015.

(76) DemystData (FA12)

  • Founded in 2010. Headquartered in Singapore. Raised $12 million in funding.

(77) Fenergo (FE12)

  • Founded in 2009. Headquartered in Dublin, Ireland. Raised $80 million in funding.

(84) Trustev (FE14)

  • Founded in 2013. Headquartered in Cork, Ireland. Acquired by TransUnion.

(96) Global Debt Registry (FF14)

  • Founded in 2005. Headquartered in Wilmington, Delaware. Raised $7 million in funding.

Stay tuned for more coverage of RegTech and other growing industries within fintech as we begin previewing the presenters of FinovateSpring 2017. Finovate returns to San Jose on April 26 and 27 for our annual spring conference. Visit our registration page today to save your spot.

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Finovate Alumni News

On Finovate.com

  • FundAmerica Unveils New RegTech Tools.
  • Qapital Raises $12 Million, Adds Debit Card Functionality

On FinDEVr.com

  • Check out these previews from upcoming FinDEVr New York presentations:

Around the web

  • OutsideIQ teams up with Genpact to bring better risk management, KYC, and AML compliance solutions to banks.
  • Ixaris Technologies unveils its Open Payments Cloud platform for developers at upcoming hackathon.
  • Top 10 global bank deploys mobile capture technology from Kofax.
  • IBM forges strategic partnership with Salesforce, connecting AI platforms IBM Watson and Salesforce Einstein.
  • Bluefin Payment Systems joins forces with The Pinnacle Corporation, bringing point-to-point encryption (P2PE to the latter’s Palm POS platform.
  • CB Insights lists NetGuardians on the regtech map.
  • WeInvest piloting roboadvisory service with OCBC Bank.
  • eWise to power customer loyalty app for Gini.

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

  • BioCatch Teams Up with Nuance Communications.

Around the web

  • Worldcore Payment Institution teams up with BioID and presents face recognition authentication at FinovateEurope 2017.
  • Standard Chartered launches banking API portal.
  • Tink now helps banks empower their customers to take control over their finances by leveraging the Tink platform.
  • NetGuardians joins Swiss academic institute HEIG-VD to develop fraud-seeking AI tools.
  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Wealth Wizards launches New mobile version of Pension Wizard.
  • Virtual Piggy launches beta test of its mobile payment platform for children under 17.
  • iSignthis enters agreement to provide KYC services to Calforex and GoInterpay.
  • The Beast Apps joins Symphony Software Foundation.

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.

NetGuardians Brings Real-Time Fraud Protection to Nigeria’s Keystone Bank

netguardians_homepage_jan2017

Keystone Bank in Nigeria has turned to FinovateAsia alum NetGuardians in order to meet a new anti-fraud directive from the country’s central bank. Keystone Bank ($2 billion in assets) will deploy NetGuardians’s FraudGuardian technology, which leverages Big Data and predictive analytics to enable continuous auditing across channels, IT levels, and financial transactions.

FraudGuardian was singled out by Nigeria’s Central Bank (CBN) as an effective way for FIs to meet recently-issued anti-fraud reporting requirements, a point underscored by Keystone Bank CIO, Femi Aderibigbe. “The CBN recommendation naturally gave confidence in the NetGuardians solution,” Aderibigbe said before adding that the technology’s “innovative approach to fraud prevention and system features” were also major factors in choosing to deploy FraudGuardian.

netguardians_stage_fa2016

Pictured (left to right): NetGuardian’s Mine Fornerod (Digital Marketing Manager) and Eric Margaryan (Asia Regional Director) demonstrating FraudGuardian at FinovateAsia 2016.

NetGuardians founder and CEO Joël Winteregg praised Keystone Bank as a “technology savvy, service-driven institution (where) eBanking is a key part of their operations.” According to Inlaks Computers, local implementation partner for NetGuardians, the Keystone Bank deployment is part of a larger plan to bring anti-fraud solutions to the area. Precious Osegi, Director of Sales and Strategy for Inlaks said, “(We) look forward to extending FraudGuardian to more banks in the West Africa region to mitigate fraud risk.” NetGuardians announced a deployment of FraudGuardian with the National Bank of Malawi last November.

Founded in 2007 and headquartered in Yverdon-les-Bains, Switzerland, NetGuardians made its Finovate debut at FinovateAsia 2016 in Hong Kong. A Gartner Cool Vendor for 2015, NetGuardians was recognized at the Aurexia FinTech Awards in London last fall in the category of post-trade for investment suitability. The company has raised more than $5 million in funding, and includes MoneyTime Ventures and Polytech Ventures among its investors. Co-founder Raffael Maio is COO.