Finovate Alumni News

On Finovate.com

  • nCino Helps Financial Institutions Benefit from Cloud Banking
  • LendUp Gives the Underbanked What No Traditional Bank Will

On FinDEVr.com

  • Check out this week’s FinDEVr APIntelligence

Around the web

  • BanQu teams up with Eastern Congo Initiative to launch secure data storage network for farmers.
  • TransferWise announces operational profitability and monthly revenues of £8 million.
  • Lighter Capital adds Former Silicon Valley Bank’s Head of Risk, Marc Verissimo, to its Board of Directors
  • Wells Fargo selects Uniken for accelerator program.
  • Wipro launches Nine Solutions to Accelerate Adoption of Blockchain Across Industry Sectors
  • Societe Generale partners with Open Bank Project to launch internal Open Banking Hackathon
  • South Carolina-based Community First Bank hires Insuritas to install and manage insurance agency.

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

  • Signifyd Raises $56 Million to Fight eCommerce Chargebacks.
  • Token Picks Up $18.5 Million to Help Banks Rise to the Challenge of PSD2.

Around the web

  • Wipro signs on as founding member of Enterprise Ethereum Alliance (EEA).
  • PayNearMe adds 8,000 CVS Pharmacy Stores to its network cash acceptance locations.
  • D3 Banking announces enhancements to its small business banking solution.

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 FinDEVr.com

On Finovate.com

  • Finovate Debuts: W.UP Offers a Library of Customer Insight Tools for Cross-Selling.

Around the web

  • Cachet Financial Solutions and Central Bank of Kansas City selected as the prepaid mobile banking provider of choice by ICBA Bancard.
  • Flywire (fka peerTransfer) expands to accept cross-border B2B transactions below the interbank rate.
  • WePay now accepts Apple Pay, Android Pay.
  • mBank announces new €50 million fintech fund for CEE startups.
  • South African payment service Peach Payments to offer merchants mobile checkout option using ACI mSDK from ACI Worldwide.
  • Misys earns top honors in three categories at the Xcelent 2017 awards.
  • Wipro unveils its digital consultant cloud bot, HOLMES.
  • Corning FCU ($1.29 billion) partners with Insuritas to improve insurance offerings for its more than 100,00 members.
  • InSpirAVE launches #SaveForWhatMatters podcast.

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: InSpirAVE’s Internet of SavingsHelps You Save for What Matters.

Around the web

  • ACI Worldwide teams up with Chargebacks911 to help merchants handle fraudulent chargebacks.
  • Wipro joins Industrial Internet Consortium (IIC).
  • SS&C Technologies Holdings announces partnership with HedgeCoVest.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

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

Around the web

  • Crealogix selects Philippe Wirth as new CFO starting in May.
  • QIIB to deploy Sharia-compliant, core banking technology from Misys.
  • Wipro announces new partnership in and investment with Tradeshift.
  • Skipton International to upgrade its legacy platform with core banking technology from Temenos.
  • Avoka names former KPMG executive Matt Lewis as new CFO. Join Avoka in London for FinovateEurope in February.
  • Vantiv partners with CardFlight to Offer EMV Mobile POS Solution.
  • Equifax and Fiserv join forces to provide income and employment verification services to auto lenders.
  • Forbes features GainX founder Angelique Mohring. Come see GainX’s demo live at FinovateEurope next week.

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.

Wipro Agrees to Acquire InfoSERVER for $8.7 Million

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Information technology company Wipro announced today it has agreed to acquire Brazil-based InfoSERVER for $8.7 million. In the press release, India-based Wipro noted that it sees Brazil as a strategic “growth and investment region.”

Today’s deal marks the company’s 11th acquisition. Wipro expects that IT services provider InfoSERVER will help it “[expand] its presence in the country’s highly traditional and competitive banking, financial services and insurance market” as well as add “invaluable domain and process knowledge on the sector.” Wipro’s presence in Latin America already spans Argentina, Brazil, Chile, Colombia, and Mexico. The company is hoping today’s partnership will help it expand in the LATAM market. InfoSERVER has been working with Brazilian banks for 20 years and counts some of the largest banks in Brazil as its clients.

InfoSERVER’s VP and head of sales, Fabiano Funari, said that he is excited about the deal. Funari anticipates that Wipro’s “global client base, delivery expertise and scale” will help the company expand its global reach as well as the breadth of its offerings.

Founded in 1945, Wipro went public in 2000. Wipro demoed at FinovateEurope 2015 where it debuted ngGenie MyAdvisor. MyAdvisor is a natural language chatbot that uses machine learning to learn consumers’ spending patterns and transactions to provide personalized assistance. Most recently the company was positioned as a “Leader” in Gartner’s Magic Quadrant for application testing services.

Finovate Alumni News

On Finovate.com

  • New Robo Fund from LendingRobot Leverages Automation and the Blockchain.
  • Insuritas’ Growth Scales with the Popularity of Insurtech.
  • Wipro Agrees to Acquire InfoSERVER for $8.7 Million

Around the web

  • G2Crowd lists eSignLive as the top eSignature product for mid-market. Come see eSignLive’s demo at FinovateEurope Feb 7 & 8.
  • Blackhawk Network’s customer experience insights featured in Loyalty360.
  • Misys to offer peer lending technology to help banks compete with P2P startups.
  • Thomson Reuters introduces new end-to-end, compliance dashboard, Regulatory Change Management.
  • IBM Security announces plan to acquire business data risk management specialist, Agile 3 Solutions.

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.

Finovate Alumni News

On Finovate.com

  • “Hip Pocket Closes $150k Round of Funding”

Around the web

  • German consumer goods manufacturer selects end-to-end AP automation solution from Top Image Systems.
  • Wipro teams up with Microsoft Accelerator.
  • Evry signs $83 million deal with Handelsbanken.
  • Business Insider features Betterment’s new business offering.
  • DAVO Technologies partners with ABC Financial.

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.

Finovate, FinDEVr Alums Earn AWS Financial Services Competency Status

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Amazon Web Services has introduced a pair of new competencies as part of its AWS Competencies Program. The program is used by AWS to designate specific industry expertise or “competency” among its network partners. And this week we learned that one of these new competencies, AWS Financial Services, features more than a handful of Finovate/FinDEVr alums.

Earning spots in the Risk Management category of AWS Financial Services Competency Partners were FICO (FD16), FIS-Prophet (F16), and NICE Systems (F15). Four alums—Avoka (F16), Corezoid (F16), Mambu (F13), and Moven (F16)—made up more than half of the companies in the Core Systems category. IHS Markit (FD16) earned a place in the Data Management category along with two other alums, Infosys (F09) and Wipro (F15).

Avoka CMO Don Bergal credited the AWS Cloud for enabling the company to deliver solutions with the speed, security, and regulatory compliance needed to serve “the largest financial institutions worldwide.” Mambu CEO Eugene Danilkis called AWS “the future of agile, cost-effective infrastructure” for both fintech companies and FIs. Speaking for FICO, which made its FinDEVr debut in New York this spring, CTO Stuart Wells said his company will increase the amount of its risk management and compliance technology available via the cloud “powered by AWS.”

The AWS Competency Program is designed to help customers use Amazon Web Services by connecting with the company’s network partners in a variety of fields. For the Financial Services competency, these fields include banking and payments, capital markets, and insurance. Amazon Web Services made the new competency announcements at its re:Invent conference this week.