Quovo Launches Modular PFM Widgets

Financial data provider Quovo is getting into the PFM game by launching account aggregation modules built on its API layer. The new modules will enable end users to track spending and saving, view their net worth, improve budgeting, and make progress toward their financial goals.

Because of the modular configuration, financial institutions can completely customize how they design their PFM offerings. Banks can opt to implement the full package or individual widgets to achieve the optimal mix of build vs. buy. The modules are designed for mobile use and can easily be white-labeled to fit a bank’s branding.

Niko Karvounis, Chief Product Officer and co-founder of Quovo said that account aggregation is a “must-have centerpiece for any digital strategy in fintech,” but that firms often struggle between building on Quovo’s API or buying a front-end, turnkey solution. Karvounis added, “With the launch of Quovo PFM, we now support the full spectrum of configuration options for deploying world-class account aggregation, including directly via our API, through embeddable modules, within a full dashboard — or even a combination of our approaches.

Founded in 2010, Quovo has presented at FinDEVr New York 2016 and FinDEVr New York 2017, where it was awarded Favorite FinDEVr Alum. Earlier this year, the company was listed on CB Insights’ Fintech 250 list. This fall, the company unveiled a new account authentication solution, Autoverified Micro-deposits. Quovo serves hundreds of institutions, thousands of advisors, and millions of end-users. Lowell Putnam is co-founder and CEO.

Finovate Alumni News

On Finovate.com

  • Ripple Establishes Infrastructure Innovation Initiative.
  • Southern Bank Leverages PicturePay from Malauzai to Offer Digital Payment Service.

Around the web

  • Credit Karma announces former Renew Financial president Gannesh Bharadhwaj as general manager of credit cards.
  • Payworks extends partnership with Verifone.
  • Bluefin issues first Japanese patent for creating fingerprints for encryption devices.
  • RealtyMogul hires Soley Van Lokeren as its first Chief People Officer.

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.

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.









Credit Karma





Gusto (formerly ZenPayroll)










Personal Capital





Ripple Labs
















FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York earlier this year. If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • FinDEVr Veteran OutsideIQ Acquired by Exiger

Alumni updates

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Xero features its partnership with Equifax.
  • London Metal Exchange locates LMEselect Platform at Interxion’s Data Center
  • Envestnet unveils expanded data analytics portfolio for wealth management.
  • FinDEVr Alum Quovo Raises $10 Million
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • Trulioo adds new Canadian data sources to its GlobalGateway verification technology.
  • Jay Shah promoted to CEO of Personal Capital
  • Xero awarded the Best Overall Fintech Platform by the Fintech Breakthrough Awards.

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

FinDEVr Alum Quovo Raises $10 Million

Financial data provider Quovo landed some serious cash last week in a Series B funding round. The New York-based company received $10 million from Napier Park Global Capital and F-Prime Capital Partners, who led the round. They were joined by existing investors, FinTech Collective and Long Light Capital. The company now boasts $15.2 million in total funding.

Lowell Putnam, CEO and co-founder of Quovo said that the capital will enable the company further its “mission to help firms build strong, data-driven client relationships, ” and that it will “enable [it] to build upon [its] success and help anyone trying to innovate or disrupt within financial services.”

Quovo will use the investment to “accelerate the growth of its suite of data analytics offerings,” which include Quovo Connect, a module that enables companies to pull transaction data from a user’s financial accounts. Quovo also offers a Bank Authentication API, which the company’s CTO & Co-Founder, Michael Del Monte, along with Stephen Sikes, Head of Strategy for SoFi Wealth, showcased at FinDEVr New York. SoFi, along with Finovate alums Wealthfront and Betterment leverage Quovo’s Authentication API to offer end users a smooth way to authenticate their financial accounts securely.

Stephen Sikes, Head of Strategy for SoFi Wealth (left) and Michael Del Monte, Quovo CTO & Co-Founder (right)

Founded in 2010, Quovo has presented at FinDEVr New York 2016 and FinDEVr New York 2017, where it was awarded Favorite FinDEVr Alum. Earlier this year, the company announced that its Bank Authentication API now covers 215 financial institutions, a growth of 10x since it was launched in November 2016.

Finovate Alumni News

On Finovate.com

  • Twitter Talk: The Top Tweets from FinovateSpring 2017
  • FinDEVr Alum Quovo Raises $10 Million

Around the web

  • TransferWise unveils new APAC hub in Singapore.
  • Temenos adds open banking, PSD2-based services to its MarketPlace initiative.
  • Ten FIs join Ripple’s cross-border, blockchain network.
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • Qumram wins “Best RegTech Company” in 2017 FinTech Breakthrough Awards.
  • Pendo Systems completes first full deployment of the Pendo Data Platform and receives certification as a Women’s Business Enterprise.
  • Trulioo adds new Canadian data sources to its GlobalGateway verification technology.
  • Jay Shah promoted to CEO of Personal Capital
  • Xero awarded the Best Overall Fintech Platform by the Fintech Breakthrough Awards.
  • Jumio wins Best Fraud Prevention Platform Category in FinTech Breakthrough Awards.

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.

The Favorites of FinDEVr 2017 New York


FinDEVr  2017 New York is in the books. Our second developers conference in New York was a great opportunity to take a look at some of the technologies that continue to drive fintech innovation forward. As always, we asked our attendees to tell us which companies and technologies were best positioned to make the greatest impact on the financial services industry in terms of providing greater security, increased efficiency, and a better user experience for consumers. Here is what our attendees had to say:

Favorite FinDEVr Debut

  • HackerOne for its bug bounty and vulnerability platform that leverages the talent of trusted hackers to improve the online security of organizations and institutions ranging from Twitter and Uber to Qualcomm  and the U.S. Department of Defense.

Favorite FinDEVr Alum

  • Quovo and SoFi for their partnership that shows how an easy-to-use authentication API provides security to accounts at more than 200+ FIs while improving and streamlining the user experience.

Day One Attendee Favorite

  • MapD for its database and visualization layer that transforms Big Data into immersive, instantaneous, and actionable analytics.

Day Two Attendee Favorite

  • Prevoty for its insight into the way embedded, runtime security enables cybersecurity professionals to provide an additional layer of defense against vulnerabilities and fraudulent behavior.

Favorite Established Company

  • BlueMetal for its virtual agents, natural language processing, and conversational UX that transforms the nature of customer engagement in financial services.

Favorite Startup Company

  • Modelshop for its analytic decision platform that enhances the loan origination, portfolio optimization, and fraud prevention processes for both FIs and consumers.

Media Favorite

  • Vantiv for its cloud-based payment app that removes the complexity from financial transactions for both developers and merchants.

Our thanks to our presenting companies, sponsors, partners, and all of you who attended our second developers conference this year in New York. The excitement and enthusiasm for our events only makes us that much more excited for our upcoming FinDEVr debut in London, England in June. If you’re in the U.K. and looking for more insight into the technological side of the fintech ecosystem, then FinDEVr London is the place to be June 12th and 13th. Visit our FinDEVr London 2017 page for more information.

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.

FinDEVr Preview: Quovo & SoFi

FinDEVr PreviewsFDNY17-Logo-Rev highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

Quovo will be presenting its new Authentication API alongside its partner, SoFi. Together they will demonstrate how developers can quickly call Quovo’s Authentication API to instantly connect financial accounts to verify key account data, facilitating payments and transfers while streamlining the onboarding process.

Screen Shot 2017-03-15 at 8.26.28 AM
Why it’s a must-see:

Whether you’re looking at payments, lending, or personal finance, you can’t build a product without connecting to your users’ financial accounts. They will show you how SoFi uses Quovo’s Authentication API to quickly connect with their users’ accounts at more than 200 financial institutions!

Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.