Finovate Alums Populate RegTech Top 100 Power List

RegTech_image

Call it them the Finovate Fifth.

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia.

Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. It is also worth noting that their definition of RegTech is broad enough to include not just ID verification/authentications specialists, but biometric security innovators, as well.

So let’s take a look at how Finovate/FinDEVr alums stacked up.

(1) Temenos (FE15, FD15)

  • Founded 1993. Headquartered in Geneva, Switzerland. Market capitalization of $5.63 billion.

Temenos_stage_FD15

Pictured: Aaron Phethean, Marketplace Director for Temenos B2B Financial Services Marketplace, during his FinDEVr Silicon Valley presentation.

(3) Trulioo (FF16, FD14)

  • Founded in 2011. Headquartered in Vancouver, British Columbia, Canada. Raised $23 million in funding.

(5) Qumram (FF16)

  • Founded in 2011. Headquartered in Zurich, Switzerland. Raised $4.5 million in funding.

(8) Socure (FF15)

  • Founded in 2012. Headquartered in New York, New York. Raised $18 million in funding.

(10) Feedzai (FE14)

  • Founded in 2009. Headquartered in San Mateo, California. Raised $26 million in funding.

(11) Ayasdi (FF14)

  • Founded in 2008. Headquartered in Menlo Park, California. Raised $106 million in funding.

(18) NetGuardians SA (FA16)

  • Founded in 2007. Headquartered in Vaud, Switzerland. Raised $5.5 million in funding.

NetGuardians_stage_FA16

Pictured: Mine Fornerod, Net Guardians Digital Marketing Manager, demonstrating FraudGuardian at FinovateAsia 2016.

(19) BioCatch (FF14)

  • Founded in 2011. Headquartered in Tel Aviv, Israel. Raised $11.6 million in funding.

(34) Investglass (FA16)

  • Founded in 2014. Headquartered in Plan-les-ouates, Geneva, Switzerland. Raised $100,000 in funding.

(38) Mitek (FE17, FD15)

  • Founded in 1985. Headquartered in San Diego, California. Market capitalization of $218 million.

Mitek_stage_FE17

Pictured: Sarah Clark (General Manager, Identity, Mitek) demonstrating Mobile Verify at FinovateEurope 2017.

(39) nCino (FE17)

  • Founded in 2012. Headquartered in Wilmington, North Carolina. Raised $64.7 million in funding.

(45) SecureKey (FF12)

  • Founded in 2008. Headquartered in Toronto, Ontario, Canada. Raised $89 million in funding.

(48) Rippleshot (FF14)

  • Founded in 2012. Headquartered in Chicago, Illinois. Raised $4.6 million in funding.

(63) Trunomi (FE15)

  • Founded in 2014. Headquartered in San Jose, California. Raised $6 million in funding.

(66) BehavioSec (FF15, FD15)

  • Founded in 2007. Headquartered in Stockholm, Sweden. Raised $8.2 million in funding.

BehavioSec_stage_FF15

Pictured: Olov Renberg, BehavioSec COO, demonstrating BehavioSec On Demand at FinovateFall 2015.

(76) DemystData (FA12)

  • Founded in 2010. Headquartered in Singapore. Raised $12 million in funding.

(77) Fenergo (FE12)

  • Founded in 2009. Headquartered in Dublin, Ireland. Raised $80 million in funding.

(84) Trustev (FE14)

  • Founded in 2013. Headquartered in Cork, Ireland. Acquired by TransUnion.

(96) Global Debt Registry (FF14)

  • Founded in 2005. Headquartered in Wilmington, Delaware. Raised $7 million in funding.

Stay tuned for more coverage of RegTech and other growing industries within fintech as we begin previewing the presenters of FinovateSpring 2017. Finovate returns to San Jose on April 26 and 27 for our annual spring conference. Visit our registration page today to save your spot.

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Finovate Alumni News

On Finovate.com

  • Finovate Alums Populate RegTech Top 100 Power List.

Around the web

  • Moven announces five-year extension of partnership with TD Bank.
  • PyraMax Bank selects DNA account processing platform from Fiserv. Visit our FinDEVr video archives soon to see Fiserv’s presentation this month from FinDEVr 2017 New York.
  • BBVA and SecureKey among the latest companies to join Hyperledger.
  • E-commerce services from Vantiv achieve Oracle Validate Integration. Video of Vantiv’s FinDEVr 2017 New York presentation will be available soon.
  • Netverify from Jumio to validate customer drivers licenses for mobility app, Free2Move. See Jumio at FinovateSpring 2017 next month.
  • Forrester recognizes FinDEVr newcomer Outsystems as a leader in low-code development platforms. Check back soon for video of Outsystems’ FinDEVr presentation from last week.
  • Trulioo expands coverage to Republic of Korea.
  • DAVO Technologies reaches 1,000-customer milestone for its sales tax platform.
  • Blackhawk Network rebrands incentives division as Hawk Incentives.

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

  • Celebrate the Start of Spring with the Return of FinDEVr New York.
  • Sentifi Brings Market Insights from Social Media to Bombay Stock Exchange.

Around the web

  • SecureKey and IBM team up to develop digital identity and attribute sharing network using blockchain technology.
  • MarketInvoice announces Zopa co-founder and former CEO Giles Andrews as new board chairman.
  • Ripple joins Bank of England fintech accelerator program to demo blockchain solutions for cross-border payment and settlement.

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.

SecureKey Wins Funding to Build Blockchain Digital Identity Network

SecureKey_homepage_February2017

With the assistance of an $800,000 grant from the U.S. Department of Homeland Security, Canadian authentication innovator, SecureKey will develop a digital identity network using blockchain technology. SecureKey will work with the Digital ID and Authentication Council of Canada (DIACC) to build the network.

Calling the funding “essential” in making a national digital identity ecosystem a reality, SecureKey Chief Identity Officer Andre Boysen emphasized “putting customers first” in a system that “increases both their digital security and privacy.” DIACC president Joni Brennan said investment in digital ID and authentication technology was “critical to enabling Canadian citizens, businesses and governments to capture the full potential of the global economy.”

The digital identity network will enable individuals, organizations, and institutions to connect using trusted log-in credentials. Blockchain technology minimizes the amount of data transferred between parties, providing a “secure blinding infrastructure” Boysen says was key to attracting DHS’s attention. “When paired with the appropriate resources,” he wrote in December at the SecureKey blog, “blockchain has the power to improve the state of digital identity altogether – an opportunity we have recognized and invested in.”

Founded in 2008 and headquartered in Toronto, Ontario, Canada, SecureKey demonstrated its technology at FinovateFall 2012. The company announced this week that Affinity Credit Union had become a “trusted sign-in” partner for its SecureKey Concierge program. A member of H2 Ventures and KPMG’s Fintech 100 for 2016, SecureKey has raised $89 million in funding and includes BlueSky Capital, Intel Capital, and Rogers Venture Partners among its many investors.

Finovate Alumni News

On Finovate.com

  • Pindrop Receives Investment from Cisco’s John Chambers.
  • SecureKey Wins Funding to Build Blockchain Digital Identity Network.

Around the web

  • Wealthify publishes first-year performance data, reporting benchmark-beating returns for customer plans.
  • RealtyMogul.com opens its MogulREIT I fund to IRA investments.
  • Best of Show winner CREALOGIX named one of the “10 Swiss growth champions” by Swiss economic newspapers. [in Swiss]

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

  • Switch Announces Early Access to Online Card Account Management Platform.

On FinDEVr.com

  • Excited to see Softjourn at FinDEVr New York on March 21 & 22. Check out our interview with Project Manager Yuriy Kropelnytsky.
  • NYMBUS Scores with $16 Million Investment Led by Home Credit Group.

Around the web

  • Lleida.net wins 20-year European patent for its registered email technology.
  • Savedroid adds money-saving, AI-based algorithm to its personal finance app.
  • Payworks provides SIX Payment Services with mPOS solution, mCashier.
  • Thomson Reuters enhances data analytics platform with ultra high-speed processing of real-time and historical data functionality.
  • France’s PayPlug to deploy ACI PAY.ON Payments Gateway from ACI Worldwide.
  • Entersekt announces original equipment manufacturing agreement with transaction processing specialist, Global Kinetic.
  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • BBVA to leverage mobile accounting opening technology from Oracle Communications.
  • GMC Software awarded the Xplor Application of the Year Award.
  • Striata named a Visionary in Gartner Magic Quadrant for Customer Communication Software.
  • Signifyd joins Salesforce Partner Program.

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.

H2 Ventures and KPMG Unveil 2016 Fintech 100

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.

SecureKey Raises $20 Million in New Funding

securekey_homepage_october2016

Q. If you are Toronto-based identity and authentication specialist, SecureKey Technologies, what’s a nine-letter word for Canadian FIs commited to improving online security?

A. Investors.

SecureKey announced this week that it picked up $20.6 million ($27 million CAD) in new capital from BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada, and TD. The investment brings SecureKey’s total funding to $89 million and serves as growth capital to support the introduction of SecureKey’s digital identity network.

Greg Wolfond, SecureKey founder and chairman, said the support from “Canada’s largest financial institutions” would help his firm “develop and deliver a national ecosystem that puts consumers first.” Rizwan Khalfan, EVP and chief digital officer for TD, echoed this point and credited SecureKey for leading the way in making it easier for customers to manage their digital assets, as well as for the company’s willingness to work with and receive “substantial input from TD and other banks.” Khalfan added that TD was “uniquely positioned to help shape [SecureKey’s] offering” due to TD’s commitment to security and privacy.

Along with its collaborators, SecureKey anticipates launching its digital identity network in 2017. And with Wolfhound’s return as CEO, the company plans to further drive development of its SecureKey Concierge service, as well. “We want to help put the consumer back in the middle and let them take control of their digital assets, to share what they want, with whom they want, and always with informed consent,” Wolfond said.

Founded in 2008, SecureKey last demoed its technology at FinovateFall 2012. A Best of Show winner from its demo at FinovateFall 2010, SecureKey announced in September that CBIC had joined its authentication service, SecureKey Concierge. In 2015, SecureKey was named to KPMG and H2 Ventures’ Fintech 100.

Finovate Alumni News

On Finovate.com

  • SecureKey Raises $20 Million in New Funding

Around the web

  • Roostify teams up with Optimal Blue to improve the online experience for borrowers.
  • Partners FCU to deploy Kony Mobility Platform.
  • Forte Payment Systems to serve as the single premier gateway provider for Acryness Inc.
  • Portugal’s Banco CTT chooses FusionBanking Essence from Misys.
  • International payments provider, OFX, integrates with cloud accounting-software innovator, Xero.

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

  • Ripple Raises $55 Million Series B; Announces New Bank Partners
  • Hoyos Labs Rebrands as Veridium; Launches New Biometric Authentication Solution

Around the web

  • Wipro establishes blockchain research center at its Begaluru campus.
  • Sumitomo Mitsui Financial Group (SMFG) chooses biometric authentication from Finovate newcomer Daon. Video of Daon’s debut at FinovateFall will be available soon.
  • CBIC to join SecureKey’s Concierge, an authentication service.
  • Braintree SDK to help merchants in Europe accept UnionPay to better reach Chinese consumers.
  • Fidor Bank teams up with GFT Technologies to build mobile banking app.

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.