Finovate Alumni News

Around the web

  • ACI Worldwide supports cross-border e-commerce in Brazil with integration of payment processor and gateway, PagBrasil.
  • Revolut is the latest fintech to apply for a European banking license.
  • Fenergo teams up with Opus to improve integration of risk-relevant information in the KYC process.
  • KAMCO Investment Company chooses Fusion Invest from Finastra to accelerate growth.
  • Bluefin Payment Systems unveils PCI P2PE sub-listing option for users of its Decryptions as a Service (DaaS) offering, Decryptx.
  • Ping Identity adds support for companies seeking PSD2, open banking compliance.
  • Trustly tops €10 billion in total payment processing volume since inception.
  • Q2 Holdings named to Deloitte Technology Fast 500 for second consecutive year.
  • Stratumn completes a blockchain experimentation connecting 14 insurance companies in France.
  • nCino debuts in top half of Deloitte’s 2017 Technology Fast 500.
  • Scalable Capital hits €500 million in assets.
  • Checkbook.io disrupts class action payments.
  • Compass Plus assists Almazergienbank to support the issuing and acquiring of JCB cards.
  • NetGuardians and Swisscom launch fraud prevention service.

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

Around the web

  • eToro taps George Verbitsky as managing director for Russia.
  • Stratumn tests use of blockchain technology in enhancing information flows for French insurers.
  • Xero and Worldpay partner to make invoicing easier for SMEs.

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.

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

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Ready for some good news on the cybersecurity front?

Most of the time cybersecurity appears in the headlines, it is a report of a breach that just occurred or a new threat to guard against in the future. Caught between the hack that caught us unaware and the certainty that it won’t be the last, we can lose sight of the fact that there are hundreds of cybersecurity firms with thousands of security professionals that are working around the clock to make our lives online a lot safer. And many of these companies are Finovate alums specializing in service to the financial industry and its customers.

Ted Ross, founder and CEO of SpyCloud, demonstrating the company’s Best of Show-winning platform at FinovateFall 2017.

Importantly, not only are these companies working 24/7/365 to fight cybercrime, but also many of them are teaming up and partnering with financial institutions, retailers, and each other to test their technologies, make key improvements and enhancements, and ultimately get their fraud-fighting solutions to market.

With that in mind – and in line with our October focus on cybersecurity – here’s a look at the partnerships, agreements, and collaborations forged by our cybersecurity-related alums so far in 2017.

October

Fintech-to-Tech

  • Mitek partners with handwriting-based biometric authentication service Asignio to deliver IDaaS solution.
  • Avoka extends strategic partnership with Mitek for digital identity verification solutions.
  • ThreatMetrix and ID.me partner to deliver ID verification for government and commercial digital services.
  • Ledger partners with Intel to boost blockchain app security.
  • BioCatch to power behavioral biometrics for Samsung SDS America. 
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Zighra launches flagship continuous authentication product.
  • Kony to launch digital banking solution leveraging Daon biometrics. 
  • iSignthis to integrate its Paydentity UBO Service with Web Shield’s InvestiGate platform.
  • TASCET teams with Secured2 to launch Algo5 data security offering.

Fintech-to-FI

  • Latvian Bank Citadele secures mobile and online banking with VASCO’s DIGIPASS for Apps and CRONTO.
  • National Bank of Canada joins SecureKey’s digital identity network.

Fintech-to-ECommerce

  • HooYu to provide ID confirmation for U.K.’s Cars-as-a-Service easyCar Club.

Multiple Best of Show winner EyeVerify demonstrating its Eyeprint ID technology at FinovateEurope 2017 with partner YapiKredi Bank.

September

Fintech-to-Tech

  • Vera to provide data security services for GE.
  • BioCatch to power fraud prevention solutions for HoneyTek Systems.

Fintech-to-FI

  • DefenseStorm to bolster cybersecurity operations for Genesee Regional Bank ($551 million in assets).
  • Open Banking selects Ping Identity to provide the identity and access management to underpin the U.K.’s open banking framework.

Fintech-to-Ecommerce

  • Signifyd guarantees fraud protection for Magento Commerce Merchants.
  • Infosys Finacle partners with ToneTag to leverage sound wave technology to drive contactless authentications and transactions.

August

Fintech-to-Tech

  • Jumio partners with Plynk to bring instant verification to Europe’s first money messaging app.
  • FIS and Equifax partner to offer new identity verification solution, OnlyID.
  • Biometric Signature ID partners with National Fingerprint to provide virtual ID proofing and verification services.
  • BioCatch partners with LexisNexis to leverage data and analytics for better risk management.

Fintech-to-FI

  • Samsung to power biometric authentication pilot for Bank of America.
  • Mexican payment processor chooses fraud fighting technology from Featurespace.

Fintech-to-ECommerce

  • HooYu brings identity confirmation technology to BCRemit.

July

Fintech-to-Tech

  • ID Analytics partners with Acxiom to strengthen risk assessment and combat fraud.
  • HackerOne Powering bug bounty program for Tor browser.

Fintech-to-FI

  • MoneYou integrates Mitek’s identity solutions for real-time digital onboarding.
  • DefenseStorm to serve as cybersecurity partner for Bank of Jackson Hole to enhance security.

Fintech-to-ECommerce

  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Signifyd brings its Guaranteed Fraud Protection solution to Authorize.Net’s U.S.-based e-commerce merchants.

Behavioral biometric innovator BehavioSec, shown here demonstrating BehavioSec on Demand at FinovateFall 2015, has won three Best of Show awards.

June

Fintech-to-Tech

  • Daon adds EyePrint ID to IdentityX platform courtesy of new partnership with EyeVerify.
  • IdentityMind Global to offer Confirm.io’s document authentication technology to its financial services customers.
  • Jumio partners with Monzo for strong identity verification.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.

Fintech-to-FI

  • Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud.
  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.

May

Fintech-to-Tech

  • Cisco and IBM team up on security.
  • BehavioSec partners with Kount.
  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform.
  • Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore.

Fintech-to-FI

  • Australia-based forex broker Pepperstone to deploy Paydentity verification services from iSignthis.

April

Fintech-to-Tech

  • Fraud prevention innovator Featurespace partners with U.K. digital family banking solution, goHenry.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.

Fintech-to-FI

  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.

Fintech-to-ECommerce

  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

A FinDEVr favorite, HackerOne and its bug bounty and vulnerability disclosure platform leverage white hat hackers to find critical security gaps before criminals do.

March

Fintech-to-Tech

  • Mastercard adds to authentication arsenal with acquisition of NuData Security.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.

Fintech-to-FI

  • Daon brings mobile biometric authentication to UnionBank.
  • Co-op Financial Services to leverage machine learning-based fraud fighting technology from Feedzai.
  • Pindrop to mitigate call center fraud for credit union service organization PSCU.

Fintech-to-ECommerce

  • Saltrex to use Jumio’s Netverify Trusted-Identity-as-a-Service.
  • Featurespace to provide machine learning fraud and risk management solution to CashFlows.

February

Fintech-to-Tech

  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Icon Solutions joins forces with Featurespace to bring anti-fraud protection to instant payments.

Fintech-to-FI

  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • First national private bank of Turkey, Yapi Kredi to deploy Eyeprint ID from EyeVerify for mobile logins.

Fintech-to-ECommerce

  • Feedzai and Merchant Risk Council (MRC) team up to leverage AI and machine learning to fight fraud.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

January

Fintech-to-Tech

  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.

Fintech-to-FI

  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • NetGuardians brings real-time fraud protection to Nigeria’s Keystone Bank.

 

Stratumn Lands $7.8 Million, Forms Strategic Partnership with NASDAQ

Regtech blockchain startup Stratumn just landed $7.8 million in Series A financing. This sum brings the company’s total funding to just over $8 million when combined with the $670k seed money it received in March of 2016.

The round was led by CNP Ventures, with contributions from Otium Venture, Nasdaq and Digital Currency Group. Stratumn will use the funds to accelerate development by focusing on research, product design, and business development. The company will also address human resources, with a plan to double its 15-person workforce by the end of next year. While Stratumn has already developed 10 projects with NASDAQ, along with a handful of France-based corporations– including CNP Assurances, Allianz France, Thales, Bureau Veritas and Bouygues Immobilier.

Stratum also announced today that it is deepening its collaboration with the Nasdaq via a new, strategic partnership. The co-research and development partnership aims to leverage Proof of Process Technology “to enhance the software solutions and products for the capital markets, particularly in Nasdaq’s Market Technology business and its own enterprise technology unit.”

In a press release, Stratumn CEO Richard Caetano said:

“We are very confident about Stratumn’s development prospects in the upcoming months and years. The successful closing of this round, as well as our investor’s commitment as strategic partners, is rocket fuel which will power the development and launch of Proof of Process Technology.”

Above: Stratumn CEO Richard Caetano presenting at FinDEVr New York 2016

Founded in 2015, Paris-based Stratumn’s Proof of Process technology helps streamline and secure the exchange of data among partners, customers, and regulators by leveraging the blockchain. At FinDEVr New York 2016, Caetano, gave a presentation titled Building and Securing Smart Workflow Using Chainscript and the Stratumn Blockchain Development Platform.

Want to see more fintech aimed at developers? FinDEVr London is happening next week on 12 & 13 June. Register today to save your spot.

Finovate Alumni News

On Finovate.com

  • Stratumn Lands $7.8 Million, Forms Strategic Partnership with NASDAQ.
  • Check out previews of upcoming FinDEVr London presentations next week:

Around the web

  • Bankjoy partners with SafeAmerica CU to build new omnichannel banking platform.
  • SumUp hires Ryan O’Connor as Managing Director for the U.S.
  • Top Image Systems consolidates Executive Management Team.
  • Solomoto and Bluevine partner to offer credit lines and digital marketing to small businesses globally.
  • Mastercard launches comprehensive digital payment solution for small and midsized businesses.
  • Independent Bank to leverage Insuritas to serve the bank’s 250,000+ customers.
  • Ruth Wandhöfer, Global Head of Regulatory and Market Strategy at Citi, joins Pendo Systems’ board.

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

  • WorkFusion Closes $35 Million in Funding

Around the web

  • Klarna teams up with ASOS Partners to bring “pay after delivery” to Nordics.
  • Luxembourg’s Rakuten Europe Bank goes live with core and digital banking technology from Temenos.
  • Wipro to acquire Brazilian IT banking services provider, InfoSERVER.
  • Let’s Talk Payments interviews Kontomatik CEO Marcin Truszel.
  • Financial transactions optimized using Nomis Solutions technology exceeds $1.5 trillion in 2016.
  • Finextra: Worldpay partners UnionPay for bumper Chinese New Year.
  • Truphone launches Global SMS recording solving the Blackberry migration challenge.
  • Sberbank launches a new corporate online banking platform designed together with IBM iX.
  • WISeKey partners with Stratumn to use Blockchain for real-time accountability and traceability.

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.

FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register for FinDEVr New York now and save!

On FinDEVr.com

  • SimplyTapp Launches New Payments and E-Commerce App, Gane.

Alumni updates

  • Let’s Talk Payments interviews Marcin Truszel, Founder & CEO of Kontomatik.
  • StockTwits Partners with TradeIt to Expand Beyond Robinhood’s Brokerage.
  • Xignite adds senior sales, business development talent; unveils new offices in New York financial district.
  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • CurrencyCloud Taps Former Misys Executive Ed Addario as New CTO.
  • Quicken to Leverage PayNearMe’s Prism API.
  • The Banker interviews Avoka European GM, Richard Austen.
  • Persia International Bank chooses core banking technology from Temenos.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • EVO Payments acquires Sterling Payment Technologies.
  • Rabobank to deploy UP Immediate Payments from ACI Worldwide.

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

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Helping Banks Turn Data into Insights with Liferay DXP

Around the web

  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • TipRanks unveils new feature for its Smart Portfolio platform to follow the elite investors and compare their portfolio to the top 10% of TipRanks portfolios.
  • EVO Payments acquires Sterling Payment Technologies.
  • BBVA Compass reups payments agreement with TSYS.

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.

Stratumn’s LenderBot is a Micro-Insurance Solution for the Sharing Economy

Screen Shot 2016-07-13 at 8.54.22 AM

Blockchain-powered workflow-solutions company Stratumn recently launched a micro-insurance proof-of-concept for the sharing economy. It’s called LenderBot, and it was developed in a partnership with Deloitte and LemonWay.

The aim of LenderBot is to facilitate the borrowing and lending of high-value items while offering a way for lenders to insure those items. The entire workflow takes place through a chatbot on Facebook Messenger. Once the borrower and lender agree to the loan terms, they interact with the bot to digitally sign the agreement. The bitcoin blockchain serves as a trusted third party to the loan contract.

Richard Caetano, CEO of Stratumn, said, “Here we rely on the identification provided by Facebook and LemonWay to create a three-way contract between insured parties and the insurer. This transfer of confidence is reinforced by the use of cryptography and time-stamped data in the blockchain. This guarantees data protection and traceability of every step in the subscription of the insurance contract.”

Stratumn provides the Trusted Workflow tools; LemonWay supplies the payment solution; and Deloitte brings its knowledge of the financial industry and relationships across the globe.

26022356870_1aaffa4074_kRichard Caetano, CEO, presented Stratumn’s blockchain-development platform at FinDEVr New York 2016.

Earlier this year, Stratumn’s CEO Richard Caetano gave a presentation titled Building and Securing Smart Workflow Using Chainscript and the Stratumn Blockchain Development Platform at FinDEVr New York 2016. Established in 2015, Stratumn released three small libraries earlier this month to help developers use Stratumn beta and Chainscript. The company is based in Paris and has raised $670k in seed funding.

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

Alumni updates

  • Thomson Reuters unveils its KYC due-diligence solution, Org ID.
  • Personal Capital Offers Digital Wealth Management for BancAlliance’s Member Banks.
  • Trulioo extends its identity-verification platform, Global Gateway, to the Middle East and North Africa.

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