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Alpha Payments Cloud Wins Next Gen Payments Category of KPMG Fintech Innovation Challenge

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Alpha Payments Cloud, which won Best of Show at FinovateSpring 2015 with its AlphaHub technology, took home top honors in the “Next Generation Payments” category at the KPMG Fintech Innovation Challenge.

“We are delighted to have the AlphaHub platform recognized for its groundbreaking fintech innovation in the KPMG Challenge,” said Ronan Gallagher, chief product officer for Alpha Payments Cloud. “Going up against some of the most innovative startups from all over the world and being chosen for Next Gen Payments innovation is a great honor.”

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Alpha Payments Cloud CEO Oliver Rajic demonstrated AlphaHub at FinovateSpring 2015 in San Jose.

As one of six category winners, Alpha Payments Cloud will participate in the KPMG Fintech Innovation Summit in London following FinovateEurope on 11 February. Designed to encourage collaboration between fintech innovators and financial institutions, this year’s summit is the organization’s second event and was organized by Matchi, a fellow Finovate alum.

AlphaHub is a Payments-as-a-Service platform that enables banks, merchants, managed service providers (MSPs), and internet service providers (ISPs) to access any payment type and any solution provider in the world. The technology helps business strategists and decision-makers deploy the technical innovations that will help drive their businesses, without having to wait at the end of a one or two years’ long integration queue in IT. Instead, as Alpha Payments Cloud CEO Oliver Rajic explained during his FinovateSpring 2015 demonstration, the company pledges to “connect institutions to any vendor, any solution provider, in 15 days or less.”

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“As the innovative manager of an organization, you’re going to IT and saying: ‘Listen, don’t bother with integrations any more,'” Rajic said. “‘There’s this middleware layer that provides me with access to everything.'” Calling AlphaHub a “product access platform,” Rajic added that vendors on the platform benefit by being “part of a consortium of solutions,” rather than merely one of 20 different integrations.

Alpha Payments Cloud partnered with fellow Finovate alum Fiserv earlier this month in a deal that will bring AlphaHub’s platform to Australian banks. The company also became a global acquiring partner of Alipay, a subsidiary of Alibaba. This will make Alipay payment processing an option on the AlphaHub platform. And last fall, Alpha Payments Cloud announced that banks and merchants will get access to digital KYC services from Finovate alum iSignthis when those services go live this year.

Alpha Payments Cloud, along with fellow KPMG Fintech Innovation Challenge winner SuiteBox, will demonstrate its latest technology at FinovateEurope 2016 in London in less than two weeks. Find out more about our February fintech conference.