Finovate Alumni News

On Finovate.com

  • 12 Alums Earn Their Place on Inc. 5000 List
  • LendingRobot and NSR Invest to Form Biggest Robo Advisor in Marketplace Lending

Around the web

  • Arxan Technologies takes home the bronze in 9th Annual 2017 Golden Bridge Awards for Innovation in Technology.
  • The American Genius profiles Checkbook.io.
  • TSYS enters agreement to become official payment processor of the National Golf Course Owners Association.
  • Tyfone joins JLR incubator to boost its involvement in the auto industry
  • Actiance announces general availability of Vantage 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

  • defiSOLUTIONS Hires Keven Sticher as Chief Information Officer.
  • NCR at Center of Swiss ATM Harmonization Initiative

Around the web

  • CREALOGIX wins The Goodacre Systems in the City Award for 2017.
  • Business Insider profiles Brian Barnes, founder of M1 Finance.
  • Fujitsu begins selling SaaS lending and leasing technology developed by Cloud Lending Solutions.
  • TSYS extends commercial payments agreement with Germany’s Degussa Bank.
  • The Entrust Group announces new integration with eMoney Advisor.
  • Global Debt Registry finishes trial of secure, permissioned blockchain proof of concept.

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.

TSYS and Featurespace to Provide New Fraud Fighting Solution, Foresight Score

 

Courtesy of its partnership with FeaturespaceTSYS had added new fraud prevention capabilities to its suite of risk and fraud offerings. The new solution, TSYS Foresight Score, leverages Featurespace’s machine learning technology and adaptive behavioral analytics platform, ARIC, to better fight fraud and reduce false positives. The tool is the product of an agreement to work together the companies announced more than a year ago.

Featurespace CEO Martina King pointed to ARIC’s particular effectiveness against transactional card fraud, adding that the combination of Featurespace’s technology and TSYS’ “industry experience and robust client base” would give TSYS Foresight Score “tremendous potential in the fight against fraud.” TSYS president and COO Pam Joseph said the tool would also help “increase revenue and improve operational efficiency. In the press release accompanying the announcement, TSYS cited a Nilson Report that put total fraud losses by FIs and merchants on payment cards at more than $21 billion in 2015 and on track to reach $31 billion by 2020.

TSYS Foresight Score pledges a 20% increase in overall fraud detection ability, a 35% increase in CNP (card not present) fraud detection, and a 79% gain in high-ticket transaction fraud detection. What makes the tool unique is its self-learning technology, which enables it to become better and more precise in detecting and stopping fraudulent transactions with increased use, and its ability to anticipate and score customer behavior in real-time. With Featurespace’s Bayesian-based statistical modeling, TSYS Foresight Score provides a strong compliment to traditional, consortium-based, anti-fraud approaches such as FICO scores and even TSYS’s own fraud detection solution, Falcon. ForeSight Score will be available to TSYS customers via the TSYS CardGuard ecosystem.

Featurespace Commercial Director Matt Mills demonstrated ARIC Fraud Manager at FinovateFall 2016. Headquartered in Cambridgeshire, U.K., the company was named to FinTechCity’s FinTech50 for 2017. This spring, Featurespace teamed up with digital family banking platform, goHenry, and partnered with merchant payment solution specialist, CashFlows. Featurespace has raised more than $16 million in funding, including a venture round in June. The company includes TTV Capital, Nesta Ventures, Imperial Innovations, Cambridge Capital Group, and Cambridge Angels Group among its investors. Martina King is CEO.

TSYS demonstrated its Authorization Controls at FinovateAsia 2013. Founded in 1983 and headquartered in Columbus, Georgia, TSYS announced an extension of its partnership with Tesco Bank last month and in May, enabled tokenization across its commercial card platforms in North America. TSYS began the year with news that both Avanzia Bank and BBVA were renewing their card and payments agreements with the company. Trading on the NYSE under the ticker, “TSS,” TSYS has a total market capitalization of more than $10 billion.

 

Finovate Alumni News

On Finovate.com

  • TSYS and Featurespace to Provide New Fraud Fighting Solution, Foresight Score.
  • Holy Transatlantic Transactions! Vantiv to Merge with Worldpay in $10 Billion Deal.

Around the web

  • Kashoo celebrates earning the #2 spot in PC Mag’s accounting software ranking.
  • BancPass, makers of the PToll app, hire John Freund as President.
  • Capsilon partners with Optimal Blue to enhance its mortgage PoS solutions.
  • International Business Times quotes Finicity co-founder Nick Thomas.
  • Flybits CEO Hossein Rahnama named to Canada’s Top 40 Under 40 for 2017.
  • Pendo Systems CEO Pamela Pecs Cytron discusses extracting insights from unstructured data at MarketWatch.

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

  • Scalable Capital Raises $33 Million in BlackRock-Led Series B.

Around the web

  • TSYS reups payments partnership with Tesco Bank.
  • Payoneer expands to the U.K., opening new office in London.
  • Zopa launches IFISA for tax free interest on up to £20,000 of their P2P investments.
  • ACI Worldwide to power Pan-European faster online payments.
  • PYMNTS talks with WePay Co-Founder Rich Aberman.

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

  • Cardlytics Closes $12 Million Round.
  • Payfone to Power Mobile ID Authentication for Zelle.

Around the web

  • PayNearMe facilitates $1.6M in child support payments for the state of Michigan.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.
  • Expensify and Bill.com deepen integration for shared 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

  • Signicat Launches Mobile Authentication.
  • 3 Steps to Take During the Countdown to GDPR and PSD2.

On FinDEVr.com

Around the web

  • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
  • TSYS enables tokenization across its North American commercial card platforms.
  • Catholic Vantage Financial ($98M) hires Insuritas to deploy and manage their insurance agency solution.
  • AuthenticID enhances CatfishAIR Identity Platform to support real-time identity authorization for CNP transactions.
  • Vera announces support for multi-factor authentication solutions from Duo Security, RSA SecureID, and fellow Finovate alum, Twilio.
  • Amsterdam Trade Bank (ATB) to streamline banking, treasury, and finance operations in partnership with Misys.
  • Cisco and IBM team up on security.
  • Glenmede taps IHS Markit for data management.
  • GMC Software launches Business Partner Track for Partner Advantage Program
  • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
  • Jumio announces expansion into new Shoreditch U.K. headquarters.
  • Steve Lewczyk joins Trizic as new Chief Revenue 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

  • 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.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Bluescape Helps Banks Create Products from Napkin Sketches”
  • “Tradeshift Earns Undisclosed Investment from Santander”

Around the web

  • Fenergo rises 25 places in global Chartis Research’s RiskTech100 rankings.
  • Blackhawk Network partners with Apple to offer ApplePay rewards.
  • The Australian reports: OurCrowd goes on start-up funds-drive.
  • SafetyPay and VTEX sign a global agreement for electronic commerce.
  • Expensify selected as preferred expense-management solution by the AICPA and CPA.com.
  • Professional Planner quotes SuiteBox CEO Ian Dunbar in discussion on technology and millennials.
  • Top Egyptian retail FI, housing and development bank goes live with Temenos core banking solution.
  • Avanzia Bank and TSYS renew card-processing partnership.

This post will be updated throughout the day as news and developments emerge. Follow our alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Seattle-Based Finagraph Completes $5 Million Financing.

Around the web

  • TSYS inks agreement to process debit transactions for Virgin Money’s U.K. customers.
  • Marcus by Goldman Sachs deploys Infosys Finacle core banking technology.
  • FIS to offer Early Warning’s Zelle Network P2P service as part of real-time payments package.
  • Corezoid achieves Amazon Web Services (AWS) Financial Services Competency status.
  • Cachet Financial Solutions rolls out prepaid mobile-money-platform upgrade.
  • Tradeshift launches two new joint ventures in China to meet demand for supply-chain digitalization.
  • Cortera launches Cortera Decisions, a new automated scorecard platform.
  • Taulia to power supply-chain finance solution for Exostar.
  • CHROME FCU taps NYMBUS for SmartCore digital banking.
  • Ripple hires former CME Group executive Miguel Vias as head of XRP (extended resource planning) markets.

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.