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

  • AutoGravity Tops $2 Billion in Financing Requested Milestone.
  • Geezeo Powers PFM Platform for F&M Bank of Virginia.
  • Signicat Raises $2 Million to Build Out its Identity Assurance as a Service Technology.

Around the web

  • Forbes: Atlanta Startup Pindrop Makes Its Push To Power Security For The Voice Economy.
  • Chevy Chase Trust selects FIS for Unified Wealth Management Technology Platform and Services.
  • eMoney Advisor and Capital One announce new API data sharing agreement.
  • Check Point Technologies announces Infinity Total Protection, a new security model to prevent ‘Gen V’ threats and attacks
  • Investment News: Betterment beefs up 401(k) advisory board with ex-Vanguard expert.
  • BMO Financial Group chooses Up Real -Time Payments solution from ACI Worldwide.
  • Global payment providers IDT and Mercury FX to use Ripple’s XRP.
  • The Paypers interviews Roberto Valerio, CEO of Risk Ident, on getting the best from fraud prevention solutions.
  • First Data expands agreement with SBI Card.

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

  • TSYS to Acquire Cayan for $1.05 Billion
  • TransferTo Adds Digital Wallet to Payments Network via Cellum Partnership

Around the Web

  • GoodData appoints James Smith as chief marketing officer.
  • Passport and TransLink partner to develop and launch Park&Go, an app for Vancouver Park and Ride payments.
  • Tucson FCU implements NCR’s Interactive Teller software to allow members to bank face-to-face with a live teller from their cars.
  • Azimo introduces near-instant, 24/7 money transfers to Nigeria.
  • ThreatMetrix exceeds 45% Annual Growth.
  • The Real Estate Crowdfunding Review ranks CK Mack, Realty Mogul, & Patch of Land in its list of top 100 real estate crowdfunding sites.
  • Fortune features Pindrop’s AI voice recognition.

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

  • Net Neutrality: Pay Up for Fast Fintech or Let the Invisible Hand be Your Guide?
  • Financeit Recapitalization Gives Goldman Sachs Majority Stake
  • Symbiont Smart Contracts to Simplify Index Data Sharing for Vanguard

Around the web

  • Pindrop and Lloyds Banking Group win Gold Award for ‘best risk and fraud management programme’ at the European Contact Centre & Customer Service Awards.
  • Socure named one of the Top AI Companies in the world by CB Insights.
  • GreenKey joins Symphony Software Foundation.
  • Argentine digital consumer lender Wenance chooses Mambu’s SaaS engine.
  • Finicity integrates its asset verification tool into Black Knight’s LoanSphere Exchange Digital platform.
  • HousingWire features Roostify and its focus on the consumer experience.

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

  • East vs. East: A Comparison of Regional Fintech Trends.
  • BehavioSec Brings Behavioral Biometrics to Identity Management Specialist Crossmatch.
  • Memento Partners with Islandsbanki to Add Money Pool Feature to Digital Wallet.

Around the web

  • Quid looks at Salesforce Ignite’s implementation of its data visualization technology.
  • NBC News features Ping Identity chief information security officer Robb Reck with tips on being safe on Cyber Monday.
  • Zenmonics’ digital account opening technology wins endorsement from American Bankers Association.
  • BAI Banking Strategies podcast interviews nCino CMO Jonathan Rowe.
  • Business Insider features Pindrop and Ripple in roster of startups that will boom in 2018 – as selected by leading VCs.
  • PYMNTS.com interviews Urban FT co-founder Kasey Kaplan.
  • Kantox boosts currency portfolio from 35 to 92, adding markets in Latin America and Asia.

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

  •  Luxoft Acquires UNAFORTIS to Broaden Client Base within Financial Services.
  • EVRY Announces Five-Year, $18.7 Million Deal with Finland’s Aktia Bank.
  • OurCrowd Opens Office in Spain, Lays Down Roots with Strategic Partnership.

Around the web

  • Trulioo launches its Global Business Verification service.
  • Diebold partnership with Transguard to expand service and technology offerings in the UAE.
  • Ethiopia’s Cooperative Bank of Oromia goes live with core banking solution from Temenos.
  • Pindrop Security leverages machine learning and a “customer consortium of shared fraudsters” to introduce Pindrop Protect 4.0.
  • Quovo unveils new account authentication solution, Autoverified Micro-deposits.
  • Xero partners with UK fintech Curve to automate expense management.
  • Zopa searches for new borrowers through Saffron Building Society loan partnership.
  • Sberbank, Russia’s Largest Bank, Announces Payment Solution.
  • DefenseStorm Renews SOC 2 Compliance.

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

  • Eight Finovate Alums Join Plug and Play Accelerator’s 2017 Class
  • True Potential Exceeds $7.8 Billion Assets Under Management.

Around the web

  • Zighra Appoints Hari Koduvely As Chief Data Scientist
  • Small businesses name Xero the most-loved accounting software for the third year in a row.
  • Pindrop research scientist Dr. Elie Khoury quoted in Speech Text on the rise of voice biometrics.
  • M1 Finance founder and CEO Brian Barnes talks with U.S. News about getting started as a beginning investor.
  • Chain partners with SIX Swiss Exchange and Nasdaq to build blockchain solutions for OTC structured products.
  • ThreatMetrix adds data discovery and visualization features to its fraud prevention solution, Dynamic Decision 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

  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.

Around the web

  • Scalable Capital doubles assets in three months.
  • Pindrop’s Security and Authentication Technology Will Be Available With Amazon Connect.
  • HSBC announces fintech partnership with Tradeshift.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • nCino to power commercial lending for Valley National Bank.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Trustly unveils new solution for recurring payments, Trustly Direct Debit.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.
  • Mid-office operations automation from Five Degrees, Matrix, goes live at GarantiBank International.
  • New York-based CFCU Community Credit Union taps Insuritas to install full services insurance agency solution.

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

  • Women on the Finovate Stage.

On FinDEVr.com

  • Check out this week’s FinDEVr APIntelligence.

Around the web

  • mBank partners with Cloudera to handle its big data processing.
  • Careington Health Products leverages SmartCART platform from Insuritas to deploy advisor services and discount programs.
  • BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app.
  • Fiserv launches Credit Sense, combining credit monitoring with digital banking.
  • Kontomatik nominated at the Dutch FinTech Awards 2017.
  • PayPal partners with Oro ecommerce platform.
  • Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards.
  • Zopa wins Top Consumer Lending Platform at LendIt awards.
  • Pindrop to mitigate call center fraud for Credit union service organization PSCU.
  • Motif jumps on the robo advisor bandwagon.
  • Tradeshift to acquire Capgemini’s IBX Business Network.
  • Linqto and Western Independent Bankers Launch New Apps Store for Banks.

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.

Pindrop Receives Investment from Cisco’s John Chambers

Screen Shot 2017-02-24 at 8.54.03 AM

Phone-based fraud prevention company Pindrop Security received a major endorsement yesterday. The Atlanta-based company announced this week that it has received an investment from John Chambers, Executive Chairman at Cisco. The exact amount is undisclosed, but Chambers stated, “for me it’s sizable.” This marks the company’s fifth round of funding and brings its total raised to more than $123 million.

Also of note, Chambers, along with Andreessen Horowitz General Partner, Martin Casado, have joined Pindrop’s board of directors. Marc Andreessen, co-founder and general partner at Andreessen Horowitz, has also joined as a board observer. Vijay Balasubramaniyan, CEO and co-founder of Pindrop, described how he plans to leverage the expertise of each new board member:

“John is going to help scale Pindrop to new heights, Marc is helping with our audacious vision, and Martin knows how to create and dominate a market. These three entrepreneurs have all created global ecosystems and will help accelerate our growth and expansion in the voice security and authentication market.”

Pindrop reported these 2016 milestones:

  • Customer base doubled, revenues increased more than 100% year-over-year
  • Clients include eight of the top 10 U.S. banks and two of the top five insurance carriers.
  • Calls protected by Pindrop increased 500% year-over-year.
  • More than 100 employees were added, bringing Pindrop’s total workforce to 255 employees

Founded in 2011, Pindrop debuted its Phoneprinting technology at FinovateFall 2012 in New York. The technology detects 80% of fraudulent calls into call centers and protects “hundreds of millions” of calls annually. In October of 2016, Pindrop announced a partnership with Lloyds Bank, the company’s first customer in Europe.