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FinDEVr APIntelligence

FinDEVr APIntelligence
By David Penn Posted on
Categories: ACI Worldwide, Avoka, Betterment, Braintree, CardFlight, ChartIQ, Entersekt, Envestnet, Fidor Bank, Fiserv, IBM, Intuit, Mitek, On Deck Capital, Softjourn, Vantiv, Xero, Yodlee

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FinDEVr New York is just over one month away. Visit our registration page today and save your spot as our developer’s conference returns to New York City, March 21 & 22, for two days of APIs, SDKs, case studies, coding examples, and more.

On FinDEVr.com

  • Braintree Hires John MacIlwaine as New CTO.

The latest from FinDEVr New York presenters. Catch them at FinDEVr New York next month!

  • ChartIQ to provide Fidessa with HTML5 charting options.

  • Clutch recognizes Softjourn as one of the top web and software developers in the Ukraine.

  • Fiserv wins inaugural Technology Association of Georgia (TAG) Fintech ADVANCE Award for its Verifast palm authentication technology.

  • Vantiv to provide debit, credit, and ATM processing services for Financial Technology Solutions International.

  • Massachusetts-based bank, Salem Five ($4.2 billion in assets) picks Fiserv as its new technology partner.

  • Vantiv partners with CardFlight to Offer EMV Mobile POS Solution.

Alumni updates

  • Intuit deploys VersaPay ARC for its SME customers and accountant clients.

  • Wave to offer OnDeck business loans and lines of credit courtesy of new partnership.

  • IBM leverages Hyperledger Fabric to support a trade finance-oriented blockchain project in Dubai.

  • Entersekt CIO Gerhard Oosthuizen shares advice on passwords and protecting personal data in Moneyweb.

  • ACI Worldwide teams up with Chargebacks911 to help merchants handle fraudulent chargebacks.

  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

  • Envestnet | Yodlee partners with mobile-only banking startup, Varo Money.

  • Xero partners with Sasfin Bank to offer next generation financial management to small businesses.

  • Betterment unveils new multi-plan offering with access to human advisors.

  • Fidor partners with EPAM Systems to gain access to additional product development and software engineering talent.

  • Avoka names former KPMG executive Matt Lewis as new CFO.

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

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Finovate Alumni News

By David Penn Posted on
Categories: Fiserv, IBM, Misys, On Deck Capital, Revolut, Rippleshot

On Finovate

  • Rippleshot Racks Up $2.6 Million in Second Seed Round.

Around the web

  • Wave to offer OnDeck business loans and lines of credit courtesy of new partnership.
  • Poland’s Alior Bank ($15 billion USD) to deploy FusionCapital from Misys.
  • UK-based Revolut launches new customer service chatbot, Rita – “Revolut’s Intelligent Troubleshooting Assistant.”
  • IBM leverages Hyperledger Fabric to support a trade finance-oriented blockchain project in Dubai.
  • Fiserv wins inaugural Technology Association of Georgia (TAG) Fintech ADVANCE Award for its Verifast palm authentication technology.

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.

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SocietyOne Appoints Former Westpac Exec as Chief Investment Officer

SocietyOne Appoints Former Westpac Exec as Chief Investment Officer
By Julie Muhn (@julieschicktanz) Posted on
Categories: On Deck Capital, SocietyOne

Screen Shot 2017-01-25 at 10.54.12 AM

Screen Shot 2017-01-25 at 11.04.59 AMAustralia-based P2P lender SocietyOne landed an all-star player for its newly-created chief investment officer position. The company has appointed John Cummins, industry veteran and former Westpac, RBS, and Macquarie employee to serve in the newly-created position.

Cummins previously served as head of institutional markets at FIIG Securities. In his new role at SocietyOne, Cummins will manage the company’s funding requirements and be in charge of investor relations.

SocietyOne’s online platform uses risk-based pricing to connect borrowers and investors to loans using its ClearMatch technology, which it launched at FinovateAsia 2012. ClearMatch allows investors to bid together at different interest rates and amounts against a single loan.

Jason Yetton, who was appointed SocietyOne’s CEO in April 2016, said Cummins has “specialist knowledge of the fixed income and credit markets, which will be of critical importance to our future growth given the opportunities that we offer our growing base of investor funders to earn solid returns from a new asset class.” Yetton also mentioned Cummins will be key in growing the company’s borrower base to 100,000 within five years and increasing its share in the $100 billion consumer lending market.

Founded in 2011, SocietyOne has facilitated a total of $200 million in loans. Of that amount, $129 million was done in 2016 alone, which indicates a 320% increase in loan bookings in the course of a single year. The company recently took in a $1.5 million equity investment from Beyond Bank Australia, bringing its total funding to $55 million.

Somewhat ironically, the same day SocietyOne announced Cummins as its new CIO, U.S.-based alternative lender OnDeck announced it appointed SocietyOne’s former chief financial officer, Jerry Yohananov, to its management team. OnDeck most recently presented at FinDEVr New York 2016. At FinovateSpring 2012, the company debuted OnDeck Connect.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Blockchain, Fair Isaac FICO, FICO, FinDEVr APIntelligence, Modo Payments, On Deck Capital, PayPal, PwC, Token

FDNY17_EventLogo_v1(wdate)Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register before Friday for New York to save!

On FinDEVr.com

  • Join FinDEVr New York’s Impressive Audience — Save On Tickets Through Friday!

The latest from FinDEVr Silicon Valley presenters

  • PwC and Oracle team up to help FIs meet new accounting standards
  • Technology from Modo Payments supports new loyalty point POS payment partnership between FIS and Verifone.

Alumni updates

  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.
  • Finextra: Blockchain launches Digital Asset Research Lab.
  • OnDeck and payment solutions provider WEX team up to provide small business financing.
  • Token partners with VirtusaPolaris, information technology consulting and outsourcing company.

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

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Finovate Alumni News

By David Penn Posted on
Categories: Configo, Daon, EyeVerify, FinTecSystems, Fiserv, Jumio, Jwaala, Misys, On Deck Capital, Swaper, Yoyo

On Finovate.com

Around the web

  • First Oklahoma FCU to deploy core account processing technology from Fiserv.
  • Yoyo unveils marketing automation platform, Yoyo Engage, at Davos.
  • Misys adds crowdlending module to FusionBanking platform.
  • United Nations FCU chooses digital banking platform from Jwaala.
  • OnDeck and payment solutions provider WEX team up to provide small business financing.
  • ABA Banking Journal column on biometric authentication features Daon and EyeVerify.

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.

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FinDEVr APIntelligence

FinDEVr APIntelligence
By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Braintree, Envestnet, Expensify, Experian, FinDEVr APIntelligence, Finicity, Hyperwallet, InComm, Mambu, On Deck Capital, The Beast Apps, Xero, Yodlee

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

Dev news

  • Check out LTP’s list of 88 international startup accelerators, incubators and innovation labs nurturing fintech innovators.

The latest from FinDEVr Silicon Valley presenters

  • Expensify exclusively endorsed by the world’s leading accounting body.
  • Envestnet | Yodlee integrates with Microsoft Dynamics 365 for Financials.
  • ACI Worldwide named “frontrunner service provider” for EBA instant credit transfer scheme.
  • Xero interviews David Barrett, CEO and founder of Expensify.
  • Hyperwallet begins 24/7 support amidst launch of new Austin contact center.

Alumni updates

  • FinDEVr alum Braintree introduces commerce infrastructure tools.
  • InComm partners with Wakefern Food Corp. to expand gift card programs.
  • OnDeck announces new $200 million revolving credit facility with Credit Suisse.
  • “Finicity Scores $42 Million Series B in Round Led by Experian”
  • The Beast Apps introduces comprehensive MiFID II compliance-integration solution, Minotaur.

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

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bankjoy, Full Profile, Heckyl Technologies, On Deck Capital, Strands

On Finovate.com

  • Top Trends in Wealth Tech: From API-ization to Virtual Engagement

Around the web

  • Full Profile’s AgriDigital successfully executes its first settlement of an agricultural commodity on a blockchain, enabling real-time payment on title transfer for Aussie grain growers.
  • Strands to power PFM for Davivienda, a major Colombian bank.
  • OnDeck announces new $200 million revolving credit facility with Credit Suisse.
  • Georgia Heritage FCU and Wepawaug-Flagg FCU select Bankjoy to power their digital banking platforms.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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Fintech Favorites

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bizfi, CAN Capital, EyeVerify, Fintech Favorites, Kabbage, Lending Club, On Deck Capital, Zopa

Alt lending

  • On Deck Capital (F12), Kabbage (F15), and CAN Capital (F13) agree to disclose SMB loan pricing.
  • Lending Club (F09) partners with MileagePlus to offer borrowers and investors a way to earn award miles when they borrow or invest.
  • American Banker: Bizfi (F15) Hires Former Lending Club Exec as New CEO.

Fintech in Asia

  • Let’s Talk Payments projects AsiaPac as a clear winner in revenue growth in its fintech outlook for 2017.
  • Invest HK launches Hong Kong Fintech Week 7-11 Nov 2016 and features FinovateAsia 2016 on Tuesday, 8 Nov.
  • HSBC collaborates with Hong Kong Applied Science and Technology Research Institute Company to launch fintech R&D lab.
  • Ant Financial, which acquired Finovate Best of Show winner EyeVerify (F16) this year, invests in Thai mobile money innovator, Ascend. See EyeVerify at FinovateAsia this week in Hong Kong.
  • Shanghai-based China Foreign Exchange Trade System (CFETS) joins R3 consortium.
  • SBI Ripple Asia and Japan-based SBI Holdings introduce blockchain-oriented consortium of 42 Japanese banks and financial services institutions.
  • Fintech investment firm Senjo Group opens new global headquarters in Singapore.
  • Malaysia to expand funding options for SMEs with registration of xis’s new P2P platform operators scheduled to go live in 2017.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avoka, Backbase, BBVA, Bluefin Payment Systems, Chain.com, Envestnet, Expensify, FinDEVr APIntelligence, Hyperwallet, InComm, Intuit, Kabbage, modoPAYMENTS, On Deck Capital, PayPal, Temenos, Trulioo, Yodlee

FinDEVr Silicon ValleyFDNY17_EventLogo_v1(wdate) was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

The latest from FinDEVr Silicon Valley presenters

  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • Extended partnership makes Yodlee’s data aggregation available via Backbase’s Open Banking Marketplace.
  • Hyperwallet announces support for real-time, push-to-card payments-solution,Visa Direct.
  • Full Envestnet | Yodlee Integration Give Advisers Big Picture View of Client Finances.
  • Modo to give the Bank of America access to its COIN Operated Digital Payments Hub.
  • Expensify launches direct integration with Zenefits.

Alumni updates

  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • Bluefin Payment Systems launches cloud-based hosting option for its DecryptxPCI-validated P2PE product through Amazon Web Services.
  • Intuit expands partnership with PayPal to provide QuickBooks Online customers with a new way of accepting payments via PayPal.
  • Chain launches open-source edition of its distributed ledger, Chain Core Developer Edition.
  • Avoka earns a pair of “XCelent Awards” for service and breadth of functionality from Celent.
  • Trulioo announced that its GlobalGateway platform now reaches 60 countries.
  • On Deck Capital and Kabbage agree to disclose SMB loan pricing.

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

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H2 Ventures and KPMG Unveil 2016 Fintech 100

H2 Ventures and KPMG Unveil 2016 Fintech 100
By David Penn Posted on
Categories: Azimo, Coinbase, Credit Karma, Feedzai, Finova Financial, identitii, itBit, Kabbage, Klarna, Kreditech, Lending Club, LendUp, Motif Investing, North Side, Nubank, On Deck Capital, Overbond, Payoneer, Prosper, Rippleshot, SecureKey, SocietyOne, Tink, TipRanks, Wealthfront, Xero, Zooz

h2_kpmg_2016fintech100

H2 Ventures and KPMG have released their Fintech 100 roster for 2016. Divided equally between 50 “industry leaders” and 50 “emerging stars,” the roster features 17 Finovate/FinDEVr alums in the first category, and 10 in the second. Calling its roster a “celebration” of the most compelling innovators in this “bold new space,” the H2 Ventures/KPMG 2016 Fintech 100 covers a variety of different shades of fintech:

  • Lending (32 companies)
  • Payments (18 companies)
  • Insurance (12 companies)
  • RegTech (9 companies)
  • Data & analytics (7 companies)
  • Wealth management (6 companies)
  • Blockchain (5 companies)
  • Digital currency (5 companies)
  • Capital markets (3 companies)
  • Crowdfunding (2 companies)
  • Accounting (1 company)

And here is a look at how Finovate/FinDEVr alums fared. Earning recognition among the companies in the Leading 50 group are:

Also noteworthy in the Leading 50 are Ant Financial, which acquired Best of Show-winning EyeVerify in September 2016, and Avant, which acquired Finovate alum ReadyForZero in the spring of 2015.

Additionally, Finovate/FinDEVr alums earning spots in the Fintech 100’s 50 Emerging Stars roster were:

The H2 Ventures/KPMG report includes a geographic breakdown of the 2016 Fintech 100, as well as a set of key takeaways such as increased geographic diversification, the return of lending, the continued ascent of Insurtech, and the appearance of RegTech. The report also notes that China now has four out of the top five companies in the report’s top 10, and eight companies in the top 50. The report says funding for fintech “continues to rise,” and its authors cite more than $14 billion in capital was raised by the Fintech 100 in the past year.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, CAN Capital, Envestnet, Expensify, Jumio, Kabbage, Kony, Larky, Lending Club, Modo Payments, On Deck Capital, PaySimple, ProfitStars, Yodlee, Zopa

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.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alloy, Avalara, Entersekt, Expensify, FinDEVr APIntelligence, Kyckr, Lleida.net, Marqeta, Modo Payments, MX, On Deck Capital, PayPal, Smartwave, Temenos

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.

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