Finovate Alumni News

On Finovate.com

  • Xero Partners with Expensify for In-House Expense Management.
  • Kony and Diebold Nixdorf Enter into Strategic Partnership.
  • banqUP Previews its Bank-as-a-Platform Solution for European SMEs
  • Inside BBVA’s Open API Marketplace.

On FinDEVr.com

Around the web

  • PYMNTS.com features The CardLinx Association’s success.
  • Xero expands online-invoice payment options in Xero for Australia.
  • Zopa introduces flexible Innovative Finance ISA.
  • NelsonHall’s ‘Digital Transformation Services NEAT’ report lists NIIT Technologies as an ‘Innovator’.
  • Worldpay tests payments in virtual reality
  • Misys to power corporate banking, treasury and capital management (TCM) and trade finance operations for Amsterdam Trade Bank.

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

  • KPMG Acquires Fintech Collaboration Specialist, Matchi.

Around the web

  • Misys introduces cloud-based, retail banking platform for German market.
  • Xero announces new partnership with Capital One to give SMEs more control over their data.
  • Zopa wins full FCA authorization for P2P lending.
  • Ohio-based Apple Creek Bank chooses core account processing and back office solutions from Fiserv.

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.

Finovate Alumni News

On Finovate.com

  • SWITCH Lands $400,000 Angel Investment.

On FinDEVr.com

Around the web

  • Customers can now host Actiance Vantage on Microsoft Azure
  • Handpoint launches EMV Tip Adjustment feature for MPOS.
  • Financial Times reports: Starling Bank strikes money transfer deal with TransferWise
  • ShopKeep expands into online ordering and delivery with ChowBOT acquisition.
  • Narrative Science launches Narratives for Business Intelligence API.
  • Strands to power PFM for Kenya’s largest bank, Commercial Bank of Africa.
  • Citi introduces new mobile passcode solution for its Treasury and Trade clients. See Citi at FinDEVr New York next week.
  • BBVA to focus on identity, AI, and “fintech for companies” in ninth installment of its Open Talent innovation competition.
  • Cachet Financial Solutions aims to raise more than $9 million in initial public offering this week.
  • Following its platform limit announced in December, Zopa has set up a waiting list for new prospective investors.
  • Capital One Financial Corporation appoints Amy Lenander as UK CEO.
  • Putnam-Greene Financial Corporation to deploy core banking technology from Fiserv. Join Fiserv in New York next week for FinDEVr New York.
  • PaySwag to power mobile loyalty and instant rewards to the underbanked for Sionic Mobile.

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

  • Women on the Finovate Stage.

On FinDEVr.com

  • Check out this week’s FinDEVr APIntelligence.

Around the web

  • mBank partners with Cloudera to handle its big data processing.
  • Careington Health Products leverages SmartCART platform from Insuritas to deploy advisor services and discount programs.
  • BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app.
  • Fiserv launches Credit Sense, combining credit monitoring with digital banking.
  • Kontomatik nominated at the Dutch FinTech Awards 2017.
  • PayPal partners with Oro ecommerce platform.
  • Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards.
  • Zopa wins Top Consumer Lending Platform at LendIt awards.
  • Pindrop to mitigate call center fraud for Credit union service organization PSCU.
  • Motif jumps on the robo advisor bandwagon.
  • Tradeshift to acquire Capgemini’s IBX Business Network.
  • Linqto and Western Independent Bankers Launch New Apps Store for Banks.

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

  • Check out today’s FinDEVr Feature — FairCom.
  • A Plus for P2P Lending: Investors to Buy Up to $5 Billion in Loans on Prosper.

Around the web

  • Zopa awarded Superbrand status for the first time.
  • Benzinga features M1 Finance CEO Brian Barnes.
  • Kasasa names Guy Daubenspeck Chief Information Security Officer.
  • The Co-operative Group to leverage ACI Worldwide for cloud-based mobile wallet.

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

  • Check out this week’s FinDEVr APIntelligence.
  • Alexa, Tell Me About D3 Banking’s New Voice Banking Skill.
  • Finie Gets Funding: AI Innovator Clinc Closes $6 Million Series A.

On FinDEVr.com

Around the web

  • Zopa named Best Personal Loan Provider and Best Alternative Finance Provider at British Bank Awards
  • 7-Eleven names InComm Vendor of the Year.
  • ProfitStars introduces Gladiator Incident Alert for complex risk monitoring and management.
  • D3 Banking unveils Amazon Alexa-based intelligent banking service.
  • FinDEVr veteran Hyperwallet adds former SecureNet Payments EVP, Mark Engels, as Chief Revenue Officer.
  • Fiserv recognized among “world’s most admired companies” for fourth year in a row.
  • Best of Show winner AutoGravity forges new partnership with Westlake Financial Services to expand financing options for car shoppers.
  • Feedzai and Merchant Risk Council (MRC) team up to leverage AI and machine learning to fight fraud.
  • Klarna adds to payment options for omni-channel commerce technology innovator, Radial.
  • The Paypers interviews Nicole Mantow, General Manager of EVO Payments, parent company of FinDEVr veteran, EVO Snap.
  • Savedroid adds money-saving, AI-based algorithm to its personal finance 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.

Zopa Surpasses £2 Billion Loan Mark

Zopa_homepage_January2017

P2P lender Zopa had a busy Q4. The company earned accolades at the AltFi and F5 Awards, unveiled a new look, announced a plan to launch a challenger bank, and partnered with Airbnb. And growth begets growth: today the company announced it has broken past the £2 billion ($2.5 billion USD) loan milestone. “We’re excited to be the first UK peer-to-peer lender to pass the 2 billion milestone,” Zopa CEO Jaidev Janardana said. “Over the last 12 years, we’re proud to say we’ve helped over a third of a million people get better interest rates for both borrowing and lending.”

Zopa loans help consumers make automobile purchases, pay for home improvements, or finance debt consolidation. UK residents over the age of 19 with an income of at least £12,000 a year are eligible to apply for loans ranging from £1,000 to £25,000 and terms from 1 to 5 years. Applying for loans takes only three minutes and will not affect the applicant’s credit score. Both individuals and businesses (as long as they are not lenders themselves) are allowed to lend money through Zopa for investment purposes. Lending capital is distributed across different loan terms (up to five years) and lenders receive monthly payments from borrowers. Annualized projected returns to lenders range from 3.1% to 6.3%, and the platform also provides a “Sell My Loan” feature that enables lenders to sell their loans to other lenders on the platform (1% fee may be required).

One of Finovate’s earliest alums, Zopa demonstrated its technology at FinovateSpring 2008. Founded in 2007 and headquartered in San Francisco, the company was recognized as Personal Loan Provider of the Year for the fourth year in a row at the Consumer Moneyfacts Awards in January. Zopa partnered with UK money management app, Pariti, to help millennial consumers better manage credit card debt last September, and the company’s executive chairman and co-founder, Giles Andrews, was named one of the 40 most exciting people in fintech in the United Kingdom by Business Insider. Zopa has raised more than $68 million in funding, and includes Augmentum Capital and Bessemer Venture Partners among its investors.

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.

Finovate Alumni News

On Finovate.com

  • “Roots Rock: eMoney Advisor Reports Breakout Revenue Metrics for 2016″
  • Check out this week’s “FinDEVr APIntelligence”
  • Nubank Raises $80 Million in Series D Funding”
  • “Finovate Debuts: Agreement Express Helps Advisers Offer Non-Intrusive Onboarding”

Around the web

  • Nostrum CFO Neil Warman re-elected to Confederation of British Industry (CBI) regional board.
  • Qumram wins 2016 Private Banking International (PBI) award for Outstanding Front-End Digital Solutions Provider.
  • Ovum recognizes Backbase as digital banking platform market leader.
  • Comarch partners with TrustWeaver to make e-invoicing cross-border compliant.
  • True Potential listed in the Deloitte Technology Fast 500 EMEA for the fourth consecutive year.
  • Fundable profiles DAVO’s funding since its 2011 launch and its milestone of 800 clients.
  • Orca Money interviews Scalable Capital CEO Adam French.
  • Luxoft wins Best Enterprise Systems Integrator in Constellation Research’s 2016 Enterprise Awards.
  • Zopa takes home two awards at the AltFi Awards and wins Best P2P Lending Platform at the F5 Awards.
  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.

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.