Temenos Partners with Australia’s Uniting Financial Services

Uniting Financial Services (UFS), a non-profit entity based in Australia, has signed for a range of Temenos’ solutions, to be delivered in the cloud, reports Tanya Andreasyan of FinTech Futures (Finovate’s sister publication).

The new multi-year deal builds on an existing relationship between UFS and Rubik Financial, a local distributor of Temenos’ tech (Rubik Financial was acquired by Temenos last year and merged into the company). UFS initially signed for T24, to be delivered on a hosted basis by Rubik, in 2013, FinTech Futures understands.

Under the new agreement, UFS will implement Temenos’ T24, analytics, channels, financial crime mitigation and risk and compliance software, all delivered on the Microsoft Azure cloud.

With over $1.2 billion (AU$1.7 billion) in funds under management, UFS provides treasury and ethical investment services to the Uniting Church in Australia’s Synod of NSW & the ACT including its Congregations, Presbyteries and various Church Agencies.

“At UFS we are committed to evolving our services and solutions to best support the needs of our investors and borrowers,” Uniting Financial Services CEO Warren Bird said. “Investing in innovative, flexible and modern technologies, and working with key partners such as Temenos is an important part of this approach.”

Temenos’ Managing Director for the Asia-Pacific, Martin Frick, pointed to the rise of open banking as another reason for partnerships with organizations like Uniting Financial Services. “With Open Banking poised to become a reality in Australia in 2019, we are seeing customers like UFS invest in digital transformation both to achieve operational excellence and improve customer service,” Frick said.

Temenos demonstrated its Temenos Connect Mobile Banking solution at FinovateEurope 2015. Earlier this month, the Geneva, Switzerland-based company announced the completion of a major technology upgrade for Baltic International Bank. Also in October, Temenos announced upcoming deployments of its T24 core banking system at Cameroon’s largest bank, Afriland First Bank and at Tunisia’s Banque de l’Habitat.

Founded in 1993, Temenos is listed on the Swiss Stock Exchange under the ticker “TEMN,” and has a market capitalization of more than $12 billion. More than 3,000 companies around the world, including 41 of the top 50 banks, use solutions from Temenos to process the daily transactions of 500+ million banking customers.

FinovateAsia Sneak Peek: Topicus

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Powered by Topicus, Fyndoo makes lending more accessible, efficient, and transparent. Lenders get optimal loan processing in shorter time with less staff and full compliance.

Features

  • Provides an accessible, efficient, and transparent lending process
  • Connectes all parties throughout all possible loan product life cycles
  • Powered by a single product definition and process workbench

Why it’s great
Fyndoo Lending provides a complete loan management solution for all involved parties, delivering fast loan processing with less staff while being fully compliant.

Presenters

Michiel Schipper, Managing Director
Schipper has been active in the SME lending domain since 2004 and is driven by his enthusiasm for entrepreneurialism.
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Michel Brinkhuis, Solution Architect
Brinkhuis focuses on the Fyndoo product suite. He holds a Masters degree in Business Information Technology.
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FinovateAsia Sneak Peek: PayReverse

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

PayReverse is the world’s first white-label cashback service that is built into consumer brands’ apps and websites, allowing them to create additional monetization streams and increase customer loyalty.

Features

  • Easy, fast, and zero CAPEX integration
  • Adaptive design to suit a brand’s requirements and consumer behavior
  • Innovative technology makes it much more convenient than any existing cashback service

Why it’s great
PayReverse is the simple and adaptive solution for any consumer brand to rapidly create additional monetization streams and increase customer loyalty.

Presenters

Alexey Ermakov, CEO
Ermakov has 10+ years of experience as a strategist and blockchain expert. For a long time he managed a group of software developers specialized in high-loaded analytical solutions at a TOP-1 Russian telecom company.
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Yury Panov, CMO
Panov leverages his long-term successful experience in strategic planning to develop PayReverse’s business and to help clients in launching loyalty programs based on the PayReverse solution.
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FinovateAsia Sneak Peek: Jumio

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Jumio provides online identity verification/eKYC services. Jumio has been adopted by organizations looking to streamline identity verification processes for online customer onboarding.

Features

  • Supports verification of over 3,000 ID document types, over 200 countries
  • Provides detailed authenticity checks on an ID document by detecting presence of security features
  • Offers the best eKYC user experience

Why it’s great
When identity matters, trust Jumio.

Presenter

Frederic Ho, VP APAC 
Experienced in online identity theft/fraud and KYC user experience, Ho serves as the VP, APAC at Jumio Corporation.
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FinovateAsia Sneak Peek: AlphaBot

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

AlphaBot is a novel tool for investment research, portfolio construction and execution for alternative investments, utilizing professional networking, cloud computing, and integrated analytics.

Features

  • Performance data easily accessible from multiple sources
  • Direct relationship between investors, managers, platforms, etc.
  • Integrated analytics from simple comparisons to portfolio optimization

Why it’s great
With AlphaBot it takes minutes instead of hours or days to find and analyze potential investments from cryptocurrencies to hedge funds and equities.

Presenter

Dmitri Alexeev, CEO
Alexeev has 20 years of experience in finance and investment management, starting from research analyst all the way up to Chief Investment Officer of a $1 billion fund of funds. He has a Ph.D in Mathematics.
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Finovate Alumni News

On Finovate.com

  • OnDeck Launches Subsidiary to Help Banks with Small Business Lending.

Around the web

  • Daon partners with Akbank, making the Turkish bank the first in the country to deploy facial recognition technology for mobile banking authentication.
  • YellowDog shortlisted for Tech Company of the Year honors at the 2018 U.K. Business Tech Awards.
  • Bluefin teams up with data security tokenization vendor, TokenEx, to boost payment security.
  • Finicity selected as third-party service provider for Freddie Mac’s automated income and asset assessment solution, Loan Product Advisor.
  • Zenmonics earns a spot in the 2018 IDC FinTech Rankings.
  • FinTech Global recognizes Insuritas as a 2018 InsurTech100 Company.
  • Lendio announces facilitating $1 billion in financing to more than 51,000 U.S. SMEs since inception in 2011.
  • Indonesia’s biggest telecommunications company, Telkomsel, picks Kinetica to support its accelerated analytics, location-based visualization and AI.
  • Blockchain innovator identitii to list on the Australian Securities Exchange this week with anticipated market capitalization of $41 million.
  • Atlanta Business Chronicle interviews Kabbage’s Kathryn Petralia, highlighting her as a 2018 Women Who Mean Business honoree.
  • Sara Berg appointed Chief Operating Officer of Trustly.
  • Expensify launches training and certification program for accountants.
  • Ping Identity launches new Quickstart Private Sandbox for Open Banking and PSD2
  • Openfinance signs data partnership with Refinitiv.
  • Trustly partners with Ingenico for online banking payments.
  • Moneynetint partners with Ripple to leverage instant payment rails.
  • Coinbase expands with new Dublin office.
  • Native American Bank selects Jack Henry’s SilverLake system.

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.

Roostify Teams Up with Ellie Mae to Boost Efficiency in Mortgage Lending

A bi-directional integration between Roostify and Ellie Mae announced last week is a boon for lenders who will be able to seamlessly pass information between the two systems. The partnership, in the words of Roostify VP of Products, Sandeep Aji, “makes it easier than ever for lenders to move loans forward faster with fewer manual touches, reducing operating costs and further improving the consumer experience.”

Applications created in Roostify will automatically appear in Ellie Mae’s Encompass platform thanks to the new integration, and documents created in Encompass can be read and signed in Roostify. Uploaded documentation such as bank statements also will be accessible on both platforms.

“We believe our customers will benefit significantly from this industry-leading integration that will improve the loan process for consumers and lenders alike,” Mark McLaughlin, SVP of Business Development for Roostify, said.

Founded in 2014, Roostify demonstrated its digital home lending platform at FinovateSpring 2018. The company’s solutions help firms from enterprise banks to independent brokerages close faster, reduce excess paperwork, and give mortgage consumers a smoother, end-to-end experience. Supporting digital customer acquisition with a self-service component that enables loan applicants themselves to fulfill much of the loan process, Roostify’s platform has transacted billions of dollars in mortgages and helped close thousands of home loans across the U.S.

This August, Roostify unveiled Adapt, a tool to help mortgage lenders with complex workflows to improve process management, and announced a new Chief Financial Officer, Eric Amblard. The previous month, Roostify partnered with Colonial National Mortgage, improving the online experience for customers of the Texas-based FI. Honored this spring at the MBA Insights 2018 Tech All-Star Awards, Roostify has raised $33 million in funding, and includes Cota Capital and USAA among their investors. The company is headquartered in San Francisco, California.

A provider of cloud-based mortgage financing solutions, Ellie Mae processes 35% of all U.S. mortgage applications. Founded in 1997 and headquartered in Pleasanton, California, the company participated in our developers conference, FinDEVr New York 2017. At the event, the company’s VP for Platform Engineering, Jeff Collins, introduced Ellie Mae Encompass Developer Connect, which enables developers to leverage RESTful APIs to access loan data, real-time web-hook notifications on the loan file, and launch Ellie Mae Network services.

In August, Ellie Mae announced a partnership with First Data to make it easier for Ellie Mae customers to securely accept payment for loan origination and other costs. In May, the company teamed up with fellow Finovate alum, Blend, which will integrate Ellie May’s electronic disclosure delivery technology. Other partnerships forged this year include pacts with Lender Price, Pacific Union, and COCC.

Ellie Mae trades on the New York Stock Exchange under the ticker symbol “ELLI” and has a market capitalization of $2.8 billion. Jonathan Corr is CEO.

CardFlight Launches SwipeSimple Customers to Support Card Data Management

Merchants using CardFlight’s payment acceptance solution, SwipeSimple, now have an easy way to build customer databases and manage card data on file: SwipeSimple Customers.

CardFlight CEO and founder Derek Webster said the technology “reflects our team’s commitment to provide the right payment acceptance tools for an even broader range of merchants.” SwipeSimple Customers is available via both online dashboard and mobile app, and will give merchants the ability to schedule payments – including installments and subscriptions – store credit card data on file, and charge customers using that stored card on file.

John Shipley, SVP of Operations at Clearant, called the new solution “a way for us to offer even more value to existing users.” Shipley, whose firm has been a multi-year partner of CardFlight, praised the company as one that “always deliver(s) a winning product that just works.”

The release of SwipeSimple Customers follows the launch of SwipeSimple 5.0 last month, which provided features including the ability to pair cash drawers and receipt printers and a SwipeSimple Virtual Terminal with full Address Verification Service support for card not present transactions.

Founded in 2013, CardFlight demonstrated its payments acceptance technology, mobile payment infrastructure, and API/SDK at FinovateSpring 2013. The company includes 10 of the top 30 merchant acquirers in the U.S. among its clients, and more than 45,000 merchants in all 50 states use CardFlight’s solutions. CardFlight was recognized by Inc. Magazine as one of the top 500 fastest growing companies in the U.S., and the fifth fastest growing company in the financial sector.

ezbob to Offer Financing for AMEX’s UK SMEs

American Express has partnered with online financing platform ezbob to offer U.K. SMEs competitive access to finance, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

Through the partnership, eligible American Express business clients will receive a referral to apply for up to £300,000 in financing from ezbob at a fixed annual interest rate from 3% per year.

Carlos Carriedo, senior vice president of Global Commercial Services at American Express, said: “We know agility is crucial for smaller businesses to help retain a competitive advantage, but accessing the financ(ing) needed to react swiftly to changing customer demands, or seize an opportunity, can be a challenge.”

Amex customers taking out a loan with ezbob will also benefit from a 40,000 Membership Reward points offer.

Ezbob will enable eligible American Express U.K.-based SME business customers to access quick and paper-free credit. The firm says companies can apply for a loan in ten minutes – and, if successful – receive funds on the same day.

The SVP continued: “We’re committed to helping U.K. businesses to ensure they can capture growth opportunities – whether that’s investing in headcount, optimizing seasonality, refurbing premises, or simply funding a large order.”

American Express and Oxford Economics recently conducted a global study of senior executives of 3,000 SMEs, which revealed that while U.K. SMEs remain confident, a significant number (24%) struggle to access finance to help grow and support their business.

The research highlighted that hidden fees, a lack of flexible repayment options and lengthy application processes are among the greatest challenges for small businesses looking to access finance or capital.

ezbob demonstrated its online application with automated lending decisioning and instant funding at FinovateEurope 2014. Founded in 2011, the company has raised more than $136 million (£103 million) in funding, including more than $50.3 million (£38.2 million) in equity funding. Tomer Guriel is founder and CEO.

Finovate Alumni News

On Finovate.com

  • CardFlight Launches SwipeSimple Customers to Support Card Data Management.
  • Roostify Teams Up with Ellie Mae to Boost Efficiency in Mortgage Lending.

Around the web

  • Experian and Close Brothers Retail Finance pilot Mobile for Credit service for U.K. gamers.
  • New Penn Financial goes live with Portfolio Underwriter from Loan Scorecard.
  • PasswordPing earns finalist spot in 2018 “Innovation Quotient” IQ Awards.
  • Ukraine’s Akhmetov Bank leverages Corezoid’s cloud-based operating system.
  • ebankIT and Enterprise Engineering forge strategic partnership for the North American market.
  • Bambu, Eltropy, Moxtra, and Onfido are among the startups selected for Plug and Play Singapore’s inaugural fintech and insurtech program.
  • TECHdotMN profiles Sezzle founder and CEO, Charlie Youakim.
  • Forbes Middle East highlights Ayasdi and ThetaRay in look at how AI is helping solve financial crime.

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.