Finovate Alumni News

On Finovate.com

  • BBVA Partners with Azlo to Empower Workers in the Gig Economy.

Around the web

  • Wipro named one of the “World’s Most Ethical Companies” by Ethisphere for seventh time in a row.
  • LendUp CEO Jake Rosenberg talks about providing “fair financial products” to the underbanked in a conversation with Y Combinator.
  • Technology from Quid helps Walmart build its American Family Today report.
  • Milwaukee Public Radio features BanQu and its ability to leverage blockchain technology to help refugees reclaim their identities.

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

  • Onfido to Power KYC for Arro Money.
  • IdentityMind Global Introduces Anti-Fraud Solution for ICOs.
  • Entrust Datacard Teams with Gemalto.

Around the web

  • Fiserv sells 55% of Lending Solutions business to Warburg Pincus.
  • Lendio announces new Lendio franchise in New Hampshire’s Seacoast Region.
  • Financeit appoints Dante Tamburro as general counsel and Chief Compliance Officer.
  • Ripple to power instant payments to China courtesy of new partnership with LianLian International.
  • The Future Laboratory leverages technology from Quid to build its Trends of the Trends 2018 report.
  • Mint2Save reviews universal mobile wallet app, Soundpays.
  • Gartner recognizes NICE as a leader in Workforce Engagement Management for a second year in a row.
  • PYMNTS interviews Jumio Director of Product Management, Reinhard Hochrieser on the challenges of abandonment in online banking.
  • Expensify unveils website enhancements to improve credit card import, simplify billing currency section.
  • Lend Street Financial and Marqeta earn spots in The Tech Tribune’s list of the 10 Best Tech Startups in Oakland.
  • National Australia Bank (NAB) to allow business customers to make payments directly via Xero’s accounting platform rather than its own online banking site.

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

  • Xero Teams with DBS on Small Business Account Feeds.
  • Zopa Boosts Executive Ranks with Trio of C-Level Hires.
  • SoFi’s Choice: Former Twitter COO Anthony Noto to Take Helm as New CEO.
  • Trulioo Launches KYC Tool to Connect MNOs.
  • Juvo Receives Investment from Samsung to Boost Smartphone Usage Among Underbanked.

Around the web

  • Atomico uses Quid for the 2017 State of European Tech report.
  • Bobsguide interviews Lisa Shields, CEO of FI.SPAN.
  • Thomson Reuters unveils Wizcorp, a digital gateway that will provide customers with data on more than 1.8 million Indian private companies.
  • FICO partners with European regulatory risk analytics consultancy, 4most.
  • Finastra announces new partners to its FusionFabric.cloud open architecture.

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

  • Credit Karma Teams with American Express to Offer Advance Tax Refund.
  • Insuritas Launches i-Insure Platform with 42 P&C Carriers.
  • Finova Financial’s New Fundraising Process Leverages Cryptocurrency to Serve Non-Accredited Investors.

Around the web

  • Superbcrew.com interviews BRIDGEi2i Analytics Co-founder and CTO Pritam Kanti Paul.
  • Entrepreneur names Kabbage, Cardlytics, BlueVine among top 360 best entrepreneurial companies in America.
  • Bill.com launches Accountant Partner Program.
  • Global Debt Registry earns spot in IBM mentoring program for blockchain app developers.
  • Moven founder and CEO Brett King discusses the AI race between China and the U.S. on CNBC’s Closing Bell.
  • Wall Street Journal leverages Quid to spot fraudulent entries on FCC website during net neutrality debate.

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

  • TrueAccord Lands $22 Million to Humanize Debt Collection
  • Rising in the East: Asian Fintech Startups Shine in Showcase
  • BOKU to Raise $60 Million Ahead of London IPO

Around the web

  • UBS Card Center leverages AI technology from FICO to lower fraud write-offs.
  • D3 Banking adds new payment options, flexible card controls to its digital banking platform.
  • Thomson Reuters introduces new set of MiFID II reference data capabilities available on its data and analytics platform, DataScope.
  • Prosper Reports Third Quarter Growth; Closes $1.5 Billion of Securitizations in 2017
  • AngelList picks Quid as a top machine learning company.
  • Lighter Capital partners with Intuit to launch $15M fund for QuickBooks developers.
  • Blackhawk Network Expands Partnership with eBay to Provide B2B Gift Card 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.

Finovate Alumni News

On Finovate.com

  • HotDocs Integrates with Data Management Solutions Provider, Advologix.

Around the web

  • iSignthis to gain from proposed bill to strengthen Australia’s AML laws.
  • Alkami Adds Adrianne Court as New Chief Human Resources Officer.
  • TransferWise brings its Borderless Accounts to Canada.
  • Quid unveils new platform redesign.
  • Cloud Lending Solutions launches upgrades to existing lending solutions; launches CL Portal.

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.

Six Alums Earn a Spot on on CNBC’s Disruptor 50 List

CNBC released its 2017 collection of 50 disruptive tech companies today. The fifth annual list names private companies “whose innovations are changing the world” and meet additional criteria according to CNBC’s methodology.

The list, which boasts 31 unicorns, includes household names such as Airbnb, Uber, and SpaceX. The 50 companies have an aggregate market valuation of $239 billion, and almost 20% of the list consists of fintech companies, six of which are Finovate and/or FinDEVr alums.

Trulioo
Identity verification specialist for AML/ KYC compliance
Rank: 37
Launched: 2011
Funding: $23.3 million
Showcased GlobalGateway at FinovateFall 2016

Payoneer
Global mass payout service platform
Rank: 40
Launched: 2005
Funding: $234 million
Debuted the Payoneer Commercial Account at FinovateAsia 2013

SoFi
A unique, online lending company that prides itself on social finance
Rank: 45
Launched: 2011
Funding: $1.9 billion
Presented its use of Quovo’s authentication API at FinDEVr New York 2017

Persado
Automated marketing messaging company
Rank: 48
Launched: 2012
Funding: $66 million
Debuted PersadoGo at FinovateEurope 2016

Quid
Offers unstructured data analysis
Rank: 50
Launched: 2010
Funding: $56.2 million
Demoed Opus at FinovateSpring 2016

Quid Unveils New Data Visualization Solution, Opus

quid_homepage_december2016

San Francisco data-visualization specialist—a Finovate Best of Show winnerQuid has launched a new solution to help make big data a little easier to manage. Opus, introduced this week, enables anyone to turn text-based data into colorful visualizations that make it simpler to spot patterns and relationships among ideas, themes, and concepts.

With Opus, organizations can take a wide variety of unstructured data, from online forums and survey responses to corporate filings and call center transcripts, and turn it into what Quid calls “interactive visual maps.” These maps make patterns in data easier to discern, enabling deeper insights and faster decision-making. The technology, which leverages big data, natural language processing, and network science, is available for free for Quid customers.

quid_visualization

“Imagine seeing, at scale, everything your customers, prospects, competitors, and employees are talking about,” a video introduction to the technology intoned, before delving into a sample case study using Opus to analyze more than 300 reviews of a Nissan car dealership. In addition to spotting patterns in comments related to topics like “salespeople” or “cleanliness,” Opus uses a sentiment layer to reveal emotional attitudes expressed in the language of the reviews. All data uploaded to Opus for analysis is stored securely and is only available to the client. Quid will host a free webinar about using Opus on Tuesday, 13 December.

Founded in 2010 and based in San Francisco, Quid demonstrated Opus at FinovateSpring 2016, earning a Best of Show award. The company has raised $66 million in funding after a successfully completed, $39 million Series D round in the spring of 2015. This summer, Quid opened its first international office in London as part of the company’s effort to attract European clients and take advantage of the growing London fintech scene.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Daon Brings Security and Convenience to Mobile Authentication”
  • “Quid Unveils New Data Visualization Solution, Opus

Around the web

  • Thomson Reuters partners with FX analytics firm, BestX.
  • Visa announces two-day, digital payments hackathon during 2016 UAE Innovation Week.
  • First Financial Bank chooses Fiserv as new technology partner.
  • FXCM and QuantConnect team up to offer live trading integration.
  • Kontomatik expands to Italy, now the tenth country served by Kontomatik’s banking API.
  • Envestnet | Yodlee unveils incoming 2016-2017 incubator class.
  • The Age reports SocietyOne to start making profits within the next 12 to 18 months.

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.

 

Best of Show Winner Quid to Open London Office

Quid_homepage_June2016

San Francisco-based, text-analytics innovator Quid is opening up its first international offices in London.

Quid CEO Neville Crawley said that London was a “perfect base” to better engage European clients such as Siemens, BCG, and the World Economic Forum. He added that the new location would also help his company “benefit from the ideas, energy and diversity of the London tech scene.” The new offices will be in Shoreditch in London’s East End.

Quid_stage_FS2016

Pictured: Quid Principal Sarah Pilewski demonstrated Opus at FinovateSpring 2016 in San Jose.

Quid specializes in leveraging machine intelligence to read massive amounts of text and then turning that data into interactive visual maps. These maps enable users to better observe and understand patterns and relationships that may have been too difficult to recognize otherwise or too time-consuming and inefficient to try and spot using a manual process.

In her demonstration at FinovateSpring in May, Quid’s Sarah Pilewski called the technology a “platform for understanding complex questions” and used the example of a researcher analyzing the impact of Apple Pay in the retail market. While in the past, work like this would be characterized by what Pilewski called “a room of smart people and a white board” or, more recently, hours of pouring over Google search results. But Quid organizes information based on logical topics which can differentiate a column on the partnership between Apple and Ali Baba from an article on RiteAid’s adoption of ApplePay. This spring Quid previewed its Opus technology, which expands the ability of the platform to analyze and visualize unstructured data from a wide range of sources such as earnings reports, customer feedback, and other text datasets.

Founded in 2010, headquartered in San Francisco with offices in New York City, Quid demonstrated its technology at FinovateSpring 2016, taking home Best of Show honors. The company was named to Fast Company’s 2016 Most Innovative Companies list in February, and has been profiled by the San Francisco Business Times and featured on CNBC. Quid counts Intel, Pfizer, and Walmart among its U.S. customers and has raised $66 million in funding.