Finovate Alumni News

On Finovate.com

  • AutoGravity Introduces Sheng Wang as New Chief Technology Officer.
  • nanopay Launches B2B Platform for International Commerce.

Around the web

  • Fiserv announces agreements with five credit unions to deploy its core account processing platform, DNA.
  • PNC goes live on real-time payments network via Finastra’s payment services hub.
  • Fifth Third Bank picks FIS to provide real-time payments for customers.
  • The San Diego Union-Tribune recognizes Jack Henry & Associates as a Top Workplace
  • RightCapital ends its second year reporting $20billion total assets linked to platform.
  • Wired names Meniga one of five Reykjavik startups to watch.
  • NYMBUS completes SOC 2 Type 1 Certification.
  • Avoka named in Deloitte Technology Fast 50 and joins CRN Fast50.

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.

RightCapital Announces Integration with Envestnet | Tamarac

Thanks to a new partnership between RightCapital and Envestnet | Tamarac, financial advisors on RightCapital’s platform will be able to use Tamarac’s API to directly access account and holdings information from their clients, enabling real-time financial and tax planning advisory.

“We are very excited about our integration with Tamarac, an industry leading performance reporting and portfolio management system,” RightCapital CEO and co-founder Shuang Chen said. “We’re pleased that this integration will allow advisors to seamlessly connect our two platforms and get the most up-to-date information they need to create comprehensive financial plans for their clients.”

RightCapital’s technology leverages advanced Monte Carlo simulations to enable financial advisors to build personalized retirement plans, optimize Social Security, as well as manage tax liability, budgets, and debt retirement. The solution provides both cash flow and goal based planning, stress testing, and exploration of what-if financial events. RightCapital also helps advisors and clients manage their annuity products, and see how the value of these investments would be affected by changes in market volatility.

(left to right) Song Chen (CTO) and Shuang Chen (CEO) demonstrating the RightCapital platform at FinovateFall 2016.

“Financial advisors have delivered holistic financial planning in the past, but mostly for their high net worth clients,” RightCapital CEO Shuang Chen explained from the Finovate stage last fall. “Not so much for the mass affluent client.” Chen cited complexity, cost, and the time-consuming nature of the financial planning process as the main challenges, and pointed to RightCapital’s approach of digitization and simplification as the solution.

“Our vision at RightCapital is to create a cutting-edge technology that digitizes and streamlines the financial planning process, making it easy for a financial advisors to create a financial plan and intuitive for a client to understand their plan,” he said. “This enables financial advisors to profitably and efficiently create financial plans and serve their mass affluent clients.”

RightCapital was founded in 2015 and is headquartered in New York City. The company demonstrated financial and tax planning solution for financial advisors at FinovateFall 2016. The company has enjoyed a very busy 2017. RightCapital began the year announcing partnerships with Garrett Planning Network, Parsonex Advisory Services, and Wells Fargo clearing service, First Clearing. Integrations with Albridge, Interactive Brokers, and XY Planning Network followed in the spring. RightCapital has raised $2.6 million in total funding, including a seed round of $1.6 million raised in June.

Finovate Alumni News

On Finovate.com

  • RightCapital Announces Integration with Envestnet | Tamarac.
  • Plug and Play Plans New Middle East Innovation Platform in Partnership with Abu Dhabi Global Market.

Around the web

  • FIS introduces FIS Code Connect to facilitate access to its APIs.
  • Ixaris launches its Open Payments Cloud initiative.
  • Auto Finance News interviews AutoGravity EVP of Business Development, Stuart Holmes.

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.

Top Business-to-Business Wealth Tech Players

wealthtech4

If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players.

Our wealth tech coverage continues this week with a review of business-to-business (B2B) players in the wealth tech space. These are companies that cater directly to banks, advisors, or brokerages, instead of offering products or services directly to consumers. B2B wealth tech is a large category, so I’ve sub-divided it into four digestible groups and listed my top picks for each category. Since category sizes vary, the number of selections also varies.

Alternative investment services
These are platforms that help advisors connect clients with unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

Screen Shot 2017-01-19 at 11.44.57 AMEquityZen’s EZ Institutional lets advisors give clients access to a diverse asset class

Technology for advisors and brokerages
These are tools available via API, SDK, or web interface to help advisors compete with robo advisors by allowing them to invest with less bias, increase client communication, scale operations, find new clients, and more.

Screen Shot 2017-01-19 at 11.40.41 AMTrizic offers advisors their own digital tools to compete with robo advisors

Non-U.S. B2B investment and advisor technology
Similar to the above category, these companies offer tools for advisors outside of the U.S.

Screen Shot 2017-01-19 at 11.30.52 AMmeetInvest helps advisors invest like world-renowned market experts

News and Information Companies
These are online platforms, APIs, or SaaS offerings that provide advisors market information, show them trending news, or connect businesses with market data to power their own products.

Screen-Shot-2016-10-31-at-3.22.22-PMForwardLane’s dashboard acts like a private research analyst for advisors advisors, helping them stay current on new trends and funds

Finovate Alumni News

On Finovate.com

Around the Web

  • Technology from Modo Payments supports new loyalty point POS payment partnership between FIS and Verifone.
  • CurrencyFair unveils new SMS/push notifications feature for deposits and auto transactions.
  • RightCapital enhances platform to make compliance with DOL fiduciary rule easier.
  • FIS earns top honors in Bank Director’s Core Provider and Asia Risk Technology rankings.
  • Marc Thompson joins PaySimple as Chief Financial Officer.
  • Token partners with VirtusaPolaris, information technology consulting and outsourcing company.
  • M1 Finance rolls out retirement account functionality.
  • CUNA Strategic Services partners with Kasasa to provide credit unions with products and services to stay competitive.

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

  • Finovate Debuts: AutoGravity Unveils the Future of Auto Financing

Around the web

  • Q2 Holdings launches new targeting and messaging platform, Q2 SMART.
  • Hyperwallet announces new office in London.
  • Bluefin Payment Systems wins patents for a pair of decryption-as-a-service technology.
  • Axis Bank reports plan to be the first Indian bank to use Ripple technology for cross-border payments.
  • Garrett Planning Network partners with RightCapital to offer advisors access to financial planning software.
  • nCino ends 2016 with 130+ financial institutions in its portfolio. Come see them at FinovateEurope next month.
  • NIIT Technologies deploys BankingEasy, its Core Banking Solution on Microsoft’s Azure platform.
  • Larky shows strong growth into 2017.

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

  • Financeit Recruits CFO from Capital One Canada
  • Wave Mechanics: FT Partners Report Highlights Trends Driving Rise of Insurtech

Around the web

  • Fiserv inks deal with FCTI to provide transaction processing for 8,000 ATMs in 7-Eleven convenience stores in U.S. Video of Fiserv’s recent live demo from FinovateFall is now available.
  • NCR launches cloud-based developer portal.
  • ACI Worldwide and Vocalink partner to provide real-time payments solution.
  • Let’s Talk Payments interviews Tom Burgess, Linkable Networks founder and CEO.
  • Visions FCU signs with MX for money-management app.
  • Zopa releases its first-ever rating of a batch of securitized Zopa loans.
  • Sezzle Wins $10,000 from Securian in Minnesota Cup Startup Competition.
  • Aurionpro joins Temenos MarketPlace.
  • OnDeck launches marketing campaign featuring Shark Tank judge Barbara Corcoran.
  • RightCapital launches Leads, a tool to help financial advisers turn leads into clients.

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

  • ID.me Lands $3.7 Million Grant
  • Coinbase Offers Mobile Card Payment Option to European Bitcoin Buyers

Around the web

  • RightCapital announces new partnership with Alliance of Comprehensive Planners (ACP). See Right Capital at FinovateFall 2016 in New York next week.
  • Intuit unveils personalized app recommendations for QuickBooks Online.
  • Business News Daily names BlueVine Best B2B Factoring Service.
  • Top Image Systems increases footprint in 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.

FinovateFall Sneak Peek: RightCapital

Screen Shot 2016-08-15 at 1.49.39 PM

FF2016-Logo-wdate-largeA look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

RightCapital provides a Department of Labor, fiduciary-focused, financial planning solution that digitizes and redefines the financial planning experience for financial advisers and their clients.

Features:

  • Innovative and integrated financial planning and tax planning
  • Department of Labor, fiduciary-focused, solution
  • Significantly reduces time and cost of creating a plan and improves user experience.

Why it’s great
RightCapital is all about “financial planning done just right.”

Screen Shot 2016-08-15 at 1.54.17 PM

Presenter: Shuang Chen, CEO and Cofounder
Chen has more than 15 years of experience in investment and retirement. Prior to RightCapital, Chen was a senior vice president at Prudential Financial. Shuang mholds a masters in business administration and is a CFA, FisSA.
LinkedIn

Finovate Alumni News

On Finovate.com

  • TransferWise Launches TransferWise for Business to the Public
  • RealtyMogul to Raise $50 Million with New REIT, MogulREIT I

Around the web

  • ACI Worldwide integrates Ethoca Alerts into its UP eCommerce Payments solution.
  • Trulioo announces enhancements to the global AML watchlist capabilities of its GlobalGateway platform.
  • Realty Mogul launches REIT investments.
  • Two credit unions select Fiserv’s OnCU for core account processing.
  • Payoneer releases automated tax-form service to its mass payout offering.
  • D+H brings on 100+ new lenders to its MortgagebotLOS solution after signing reseller agreement with DocMagic in October of 2015.
  • FT.com looks at Quantopian in a feature on DIY algorithmic trading.
  • Jumio VP of Product Philipp Pointner writes about digital ID verification in AltFi News.

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.