Author: David Penn

Backbase Partners with SGBL to Support Digital Transformation

Backbase Partners with SGBL to Support Digital Transformation
By David Penn Posted on
Categories: Backbase

Days away from Finovate’s first conference in the Middle East, we learn that one of our most popular alums (as judged by Best of Show awards) is supporting digitization and modernization for one of the leading banks in Lebanon and the Levant: Backbase has partnered with Société Générale de Banque au Liban (SGBL) to help the banking group replace their legacy technology with Backbase’s omni-channel digital banking platform.

“We are delighted to have been chosen by SGBL and to play a role in the transformation of their digital banking landscape,” Backbase CEO Jouk Pleiter said. “This expansive, customer-focused transformation brings SGBL into the same playing field as the fintechs, or even beyond.” Highlighting the ability of the platform to serve both its retail and corporate clients, Antoun Sehnaoui, Chairman and CEO of SGBL said the partnership would help the firm maintain its commitment to providing its customers with financial technology that is innovative and secure “to help keep them moving forward with confidence.”

The new platform from Backbase features easy-to-use environments, real time transactions, an enhanced user experience, faster time to market, increased security with multi-factor authentication, online client origination, and 24/7 banking services across branches and channels. The technology has already begun its rollout in Lebanon, with internet and mobile banking features going live in December. A broader regional rollout to Jordan, Cyprus, and the UAE is planned.

SGBL’s decision to deploy Backbase’s technology is timely. The company released version 6 of its digital banking platform late last year, bringing customers what VP of Product Management Jelmer de Jong referred to as “an API architecture ready for the Open Banking and PSD2 future.” The Amsterdam, Netherlands-based company and multiple-time Best of Show winner went live with French, mobile-only bank Orange Bank last fall, and was named Growth Partner of the Year by Capgemini. Most recently demonstrating its technology at FinovateEurope 2017 last February, Backbase was founded in 2003.

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FinovateMiddleEast Day Two: Voices from MENA

FinovateMiddleEast Day Two: Voices from MENA
By David Penn Posted on
Categories: FinovateMiddleEast 2018

By adding keynote addresses and panel discussions to the signature, 7-minute Finovate demo format, attendees to our conferences benefit not only from seeing live technology demonstrations firsthand. They also get exposure to some of fintech’s most insightful thought leaders, including CEOs, serial entrepreneurs, bankers, and investors. Here, we’re giving you a look at some of the women and men who will be speaking on Day Two of FinovateMiddle East.

Note that some of our speakers on Day Two are also speaking on Day One and have been introduced as part of our Day One feature. These include Ruth Wandhofer and Moussa Beidas who will close Day Two with a revisit of our Day One Theme: What did the bank gain? What did the fintech gain? What do investors think?

For more information about what’s happening on the second day of our conference, including our demos for the day, accelerator showcase, and lunchtime roundtables, check out our Day Two agenda.

Keynotes & Addresses

Paul Schulte, Founder and Editor and International Fintech Guru, Schulte Research

Schulte is founder and editor of Schulte Research, established in 2011 for researching financial institutions and related technology. He has had a career in equity research which spans 27 years as a chief strategist for major institutions including Lehman, Barclays and Nomura. Schulte will speak on “The future of financial services: AI and the use of blockchain globally.”

Bryan Stirewait, Managing Director, Supervision, DFSA

Stirewalt joined the DFSA in 2008 and has served as a Managing Director since 2010. His responsibilities include prudential and conduct-oriented oversight of financial service providers and overseeing the DFSA’s role with Registered Auditors and CRAs. Stirewalt also directs the DFSA’s efforts to fight methods of illicit finance within his primary areas of responsibilities, as well as with DNFBPs. At FinovateMiddleEast, he will provide an update on fintech regulation.

Bernard Matthewman, Regional Director, MEA, Motive Labs

A highly experienced CEO in Africa, Matthewman has built and sold significant fintech businesses over the past 20 years, including the well-known Paynet Group. PesaPoint formed part of Paynet in East Africa, which recently won the Gold Award for innovation at the ATMIA 50 year celebrations for the global first of performing cardless mobile transactions on ATMs. Matthewman will provide a keynote, as well as participate in our fintech unicorn interview.

Ambareen Musa, CEO, Souqalmal

Musa will participate in a fintech interview.

Discussions, Panels, and Roundtables

Emre Karter, Managing Director, Head of Treasury & Trade Solutions, MENAPT, Citi

Karter is responsible for Citi’s Treasury and Trade Solution businesses in the Middle East, North Africa, Pakistan and Turkey, and is based out of Dubai, United Arab Emirates. In this role, Emre is responsible for driving Citi’s market-leading TTS business.

Karter will participate in the panel discussion: Myth versus reality – banks’ perspectives

Aleski Grym, Head Digitalisation, Bank of Finland

Grym is Head of Digitalisation at the Bank of Finland. He manages the digital programme of the bank as well as various projects related to the digital transformation of the financial industry, covering topics such as fintech, distributed ledger technologies, digital currencies, payment technologies, cyber security, and data analytics.

Grym will participate in the panel discussion: Myth versus reality – banks’ perspectives

Andrew Reid, Head of Digital Market Management and Governance, Deutsche Bank

Reid is Head of Digital Market Management and Governance for the Global Transaction Banking Division (GTB) of Deutsche Bank, based in London. He was appointed to this role in June 2017. Prior to this, he was responsible for the European Corporate Cash Management division of Deutsche Bank’s Global Transaction Bank.

Reid will participate in the panel discussion: Myth versus reality – banks’ perspectives

Lex Sokolin, Global Director, Fintech Strategy, Autonomous Research

Sokolin is a futurist and entrepreneur focused on the next generation of financial services. He directs Fintech Strategy at Autonomous Research, a global research firm for the financial sector, helping clients understand and leverage innovation. Covered themes include roboadvice, neobanks and banks-as-a-platform, blockchain and the cryptoeconomy, artificial intelligence, chatbots, insurtech and regtech.

Sokolin will participate in the panel discussion: Myth versus reality – banks’ perspectives

Ossama Hassanein, CEO, Rising Tide

Hassanein will participate in the panel discussion: Myth versus reality – banks’ perspectives

Sara Grinstead, Chief Innovation Officer, RAKBank

Grinstead leads the Bank’s approach to product and service design, ensuring that solutions are customer-centric and leveraging new business models and technologies. This includes developing new capabilities within RAKBANK, establishing partnerships with fintechs, and working with the broader UAE eco-system to support the fintech agenda in the region.

Grinstead will participate in the panel discussion on financial inclusion in MENA.

Steve Naude, Head, Middle East & Africa, TransferWise

Naude heads the Banking team for the Middle East and Africa at TransferWise, the international money transfer platform. Here he works with banks, partners and regulators to build partnerships and expand the TransferWise experience into the region.

Naude will participate in the panel discussion on financial inclusion in MENA

Mohamed El Sabban, Digital Innovation Head, Digital Banking & GTS, Commercial International Bank, Egypt

El Sabban has 23 years of wide intensive cross-functional experience in managing, developing and implementing large-scale strategic business transformation programs in the region. He is also passionate about blending business strategies, human-centric design, disruptive technologies, and business models to develop digital solutions and drive a culture of continuous innovation.

El Sabban will participate in the panel discussion on financial inclusion in MENA.

Craig Moore, CEO, Beehive

As founder and CEO, Moore is responsible for overseeing the overall strategic direction and managing the day-to-day operations of Beehive. Before founding Beehive, he was a founder and COO of Butterfly Software, a data analytics and migration software company acquired by IBM in September 2012.

Moore will participate in the panel discussion on financial inclusion in MENA.

Devie Mohan, CEO, Burnmark

Mohan is a fintech industry advisor and analyst based in London. She is the co-founder and CEO of Burnmark, a fintech research company. She is a panel member on the ING group Think Forward initiative on better financial decision making. She writes extensively on innovation, disruption and digitalisation and is a columnist with several publications.

Mohan will participate in the panel discussion on financial inclusion in MENA.

Yvonne Gale, CEO, NEL Fund Managers

CEO of NEL Fund Managers, a specialist impact investment firm providing tailored funding to small and medium-sized businesses in the North East of England, Gale is also a director of NI Growth Loan Fund General Partner, overseeing the operation of similar funds in Northern Ireland by Whiterock Capital Partners LLP.

Gale will participate in the panel discussion on financial inclusion in MENA.

Tariq Sanad, CFO, Fetchr

Sanad will participate in our unicorn interview.

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Entersekt Joins ForgeRock Trust Network as Principal Technology Partner

Entersekt Joins ForgeRock Trust Network as Principal Technology Partner
By David Penn Posted on
Categories: Entersekt

Mobile-first authentication and e-commerce enablement specialist Entersekt announced today that it has joined the ForgeRock Trust Network as a principal technology partner. ForgeRock provides identity and access management solutions to financial services, retail, healthcare, and communications companies as well as to educational institutions and governments including Belgium, Canada, New Zealand, and Norway.

“Entersekt will bring our customers powerful, proven authentication options that will add great vale to the exciting digital transformation projects they are embarking on with ForgeRock,” Ben Goodman, VP of global strategy and innovation for ForgeRock said. Entersekt’s advanced mobile app security, authentication, and digital signing solutions integrate seamlessly into ForgeRock’s identity and access management platform, giving customers an easy way to secure individuals, connected devices, and services.

“As Entersekt did with push-based authentication, so has ForgeRock reimagined identity and access management, rearchitecting it from the ground up,” Entersekt CCO Dewald Nolte said. “Besides our game-changing complementary technologies, it’s that pioneering approach that I believe will benefit mutual customers the most. It promises to spur further innovation and help deliver to end users the best mobile experiences available anywhere.”

Entersekt’s solutions can be applied to a variety of challenges including mobile app security, strong authentication, payments enabling, digital signing, biometric enablement and regulatory compliance. The company’s flagship products are Transakt, which provides one-touch, multi-factor authentication for digital banking and payments, Interakt, which enables push USSD, out-of-band communication for feature phones, and Connekt, which provides secure and seamless e-commerce enablement. Entersekt secures 150 million digital transactions every month in 45 countries, protecting tens of millions of end users.

Entersekt participated in our developer’s conference, FinDEVr Silicon Valley 2014, with a presentation titled Securing Mobile Applications Through Transport Layer Diversity. Headquartered in Stellenbosch, NA, South Africa and founded in 2008, the company includes RMI and Endeavor Catalyst among its investors. Schalk Nolte is CEO.

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Finovate Alumni News

By David Penn Posted on
Categories: Entersekt, Finastra, FIS, Kony, Temenos, Unison

On Finovate.com

  • Entersekt Joins ForgeRock Trust Network as Principal Technology Partner.
  • Kony to Power Digital Initiative for Partners FCU.

Around the web

  • Software Group goes live on Temenos Marketplace.
  • Finastra introduces tailored Fusion Treasury solution for Russia and the CIS.
  • FIS announces partnership with nexo standard to build compliance testing tools.
  • Wall Street Journal profiles mortgagetech innovator Unison.

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.

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BBVA Partners with Azlo to Empower Workers in the Gig Economy

BBVA Partners with Azlo to Empower Workers in the Gig Economy
By David Penn Posted on
Categories: BBVA

In a bid to help the growing number of workers making a living via the so-called “Gig Economy,” BBVA has partnered with digital business account platform Azlo to make it easier for SMEs take advantage of both domestic and cross-border banking services.

“Azlo’s goal is to level the playing field for the growing number of entrepreneurs and small businesses who wish to participate in an expanding global economy that is driven by entrepreneurs, small business owners, and freelance professionals,” said Azlo CEO Brian Hamilton.

Azlo, of which BBVA is the majority-owner, provides online banking services as well as workshops, live events and a community of entrepreneurial talent. Founded in 2017, the firm leverages BBVA’s banking license and payment infrastructure to offer its services in the U.S., and observers believe that the launch of Azlo will make it that much easier for BBVA to access the American market. In a press release accompanying the announcement, BBVA noted that 43% of workers in the United States are expected to be serving as freelancers by 2020.

“What distinguishes Azlo is its focus on the new economy,” Azlo Entrepreneur-in-Residence Ramona Ortega said. “(This includes) millennials and underrepresented entrepreneurs, and creating a deep and valuable relationship with its customers through community engagement.”

Headquartered in Madrid, Spain, BBVA demonstrated its Stockbuzz.es technology at FinovateEurope 2013. The solution enables users to monitor market sentiment as expressed on Twitter for potential insights into future market activity. Regarded as one of the most innovative European banks in terms of fintech adoption, BBVA was founded in 1857, and now has more than 117,000 employees working in more than 30 countries. The bank’s Group Executive Chariman, Francisco Gonzalez Rodriguez, was named to One World Identity’s Top 20 Identity Influencers earlier this month.  Last fall, BBVA announced a partnership with Samsung last fall to bring iris scanning technology to smartphones.

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Finovate Alumni News

By David Penn Posted on
Categories: BanQu, BBVA, LendUp, Quid, wipro

On Finovate.com

  • BBVA Partners with Azlo to Empower Workers in the Gig Economy.

Around the web

  • Wipro named one of the “World’s Most Ethical Companies” by Ethisphere for seventh time in a row.
  • LendUp CEO Jake Rosenberg talks about providing “fair financial products” to the underbanked in a conversation with Y Combinator.
  • Technology from Quid helps Walmart build its American Family Today report.
  • Milwaukee Public Radio features BanQu and its ability to leverage blockchain technology to help refugees reclaim their identities.

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.

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TIBCO Introduces New CTO and COO

TIBCO Introduces New CTO and COO
By David Penn Posted on
Categories: TIBCO Software

Big moves at the top for TIBCO. The company’s CTO Matt Quinn will transition to a new role as TIBCO’s Chief Operating Officer as the firm taps Nelson Petracek as its new Chief Technology Officer. In a press release, the company contextualized the move as part of its effort to “ramp up” its TIBCO Connected Intelligence Cloud, which Quinn will oversee.

“Our customer-first mindset is one of the many reasons I’m proud to be part of the TIBCO team,” Quinn said. “When customers choose TIBCO, I want to ensure that they receive a high-performing service that propels the growth of their businesses. I am excited to continue expanding and innovating to meet every customer need.”

Quinn joined TIBCO as a developer in 1997, became CTO in 2010 and was appointed EVP in 2014, which gave him responsibility for product engineering and support. He was educated at RMIT University, earning a Bachelor degree in Computer Science and a Masters in Applied Technology, IT.

An 11-year TIBCO veteran, Petracek transitions to CTO after leading the Strategic Enablement Group, which pursued innovative technologies such as low-code applications, the blockchain, and natural language processing. Petracek came to TIBCO from Informatica Corporation’s Emerging Technologies business unit where he served as Senior Director. He has a degree in Computational Science from the University of Saskatchewan. TIBCO CEO Murray Rode praised Petracek for his “deep, technical knowledge and broad customer relationships.”

“I’m honored to be part of such a forward-thinking company,” Petracek said. “Working at the forefront of technology innovation and serving the dual needs of our corporate strategy and customer advocacy, I’m excited to help craft TIBCO’s technology strategy as we continue to build valuable tools for businesses.”

Ranked #1 in Dresner Advisory Services 2018 Location Intelligence Market Study and named a leader in Enterprise Data Virtualization by Forrester Research, TIBCO announced a partnership with Singapore Polytechnic in January to support local engineering SMEs. An active acquirer, TIBCO purchased Cisco’s data visualization business and acquired data science and social collaboration platform Alpine Data last fall. TIBCO itself was acquired by Vista Equity Partners in 2013, one year after the company made its Finovate debut at FinovateAsia 2013. At the conference, TIBCO demonstrated its Innovative Payment Solutions technology which enables merchants and banks to gain analytic insights from customer transactions without requiring the customer to provide any other significant, personal financial information.

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Fintech News from the Middle East and North Africa (MENA)

Fintech News from the Middle East and North Africa (MENA)
By David Penn Posted on
Categories: FinovateMiddleEast 2018

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As Finovate prepares for its first conference in the Middle East, here’s a round up of recent fintech news and need-to-knows from the MENA region. Learn more about how to join us in Dubai in February for FinovateMiddleEast.

  • Saudi Arabia’s central bank inks deal with Ripple to use distributed ledger technology to settle payments.
  • Dubai Multi Commodities Centre (DMCC) reports that gold trader Regal RA DMCC is the first company in MENA to gain a licence to trade cryptocurrencies.
  • Honeywell launches Middle East industrial cybersecurity center.

MENA Fintech Fact – International Data Corporation reports that  MENA spending on blockchain technology will grow to $80 million this year compared to $39 million in 2017. By 2021, regional blockchain spending is expected to reach $307 million.

  • Monami Tech introduces digital payment service, Lendme.
  • Forbes Middle East profiles MadfooatCom founder Nasser Saleh.
  • Monetary Authority of Singapore and Central Bank of Egypt forge fintech partnership.

Thought Leadership – Global Finance Magazine looks back on investment in MENA startups in 2017, including the $37 million raised by fintechs PayTabs, Emirati Souqalmal, and Wahed Invest.

  • ComputerWorld highlights OneGram in a review of government-sponsored blockchain cryptocurrencies.
  • UAE Securities and Commodities Authority partners with PwC to design regulatory framework for UAE capital markets-oriented regtech.
  • Entrepreneur Middle East features Egyptian fintech Moneyfellows.

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Mambu Teams Up with Softtek to Launch Banking Platform as a Service

Mambu Teams Up with Softtek to Launch Banking Platform as a Service
By David Penn Posted on
Categories: Mambu

Just one month after signing a deal with fellow Finovate alum Kreditech that will support the Germany-based lender’s entry to the Indian market, Mambu is back in the headlines with a partnership with Mexican systems integrator Softtek. Via the agreement, Softtek will launch a banking platform as a service (BPaaS) solution that will give the firm the ability to deliver a variety of SaaS and local apps and technologies from multiple vendors from a singular, cloud-based, API-enabled platform – powered by Mambu.

“New entrants are using digital technology to meet changing customer expectations as well as reach the large underbanked sector,” MD for Mambu Americas, Edgardo Torres-Caballero explained. “To succeed, competitors must emulate the operating models of these disruptors and develop the flexibility and speed to market necessary to meet market demands.”

“BPaaS is the optimal model to meet this objective,” Torres-Caballero said.

Noting that the collaboration will give clients “the best of both companies,” Softtek Mexico CEO Carlos Funes said, “Powered by the global leading SaaS banking engine Mambu, which provides advanced capabilities and the agility demanded by the financial sector, we have combined this with Softtek’s experience and knowledge of this industry in Mexico in order to provide a complete offering which will help accelerate the transition of our customers to the digital economy without disrupting their existing business.” The company’s VP of Financial Sector, Jose Luis Sanchez added that there were “more than 3,000” FIs in Mexico that could “potentially benefit” from this partnership.

“With a 100% digital platform that is flexible, scalable, and agile, it will enable these institutions to provide innovative cloud-first banking services and credit to its customers in the consumer and corporate market,” Sanchez said.

Mambu demonstrated its cloud-based banking engine at FinovateAsia 2013. The company ended 2017 announcing a partnership with Argentina-based fintech Wenance, which will use Mambu’s technology to fuel its expansion into Latin America. In October, ABM Amro’s New10 choose Mambu’s SaaS engine to power its line of SME lending products in the Netherlands, and in September, German challenger bank N26 reported that it too would deploy Mambu’s platform to support current accounts, overdraft, and loan products.

With more than $13 million in funding, Mambu includes Acton Capital Partners and CommerzVentures among its investors. Eugene Danilkis is co-founder and CEO.

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Q2 Announces New Partnership with Acorns

Q2 Announces New Partnership with Acorns
By David Penn Posted on
Categories: Q2ebanking

 

Cloud-based digital banking solutions provider Q2 Holdings has entered into a new collaboration with financial services platform, Acorns. Via the multiyear partnership, Acorns will take advantage of the Q2 Open portfolio, a suite of open-API financial services solutions originally unveiled by Q2 last year that give developers the ability to build customer-facing financial products and experiences.

Matt Flake, Q2 CEO, said it was important for both incumbent FIs and newer firms to get access to the right technology in order to build the financial solutions that clients demand. “We believe many fintech companies and traditional FIs share the goal of strengthening their communities, and we’re excited to provide them a common set of technology they can use to deliver on their respective missions,” Flake said.

Among the APIs available via Q2 Open are Q2 Debit, which enables the building of checking account functionality within apps, Q2 Save, which enables building savings account functionality into apps, Q2 Ledger, which adds ledgering functionality for FBO (“for the benefit of”) accounts; and Q2 Biller Direct, which brings bill presentment, aggregation, and billpay functionality to apps. Among the fintechs already using Q2 Open include fellow Finovate alum, Qapital, whose CEO George Friedman said the solution “enable(d) our team of creators, designers, and developers to rapidly deliver new features in our app – allowing us to build a product that our customers really love.”

Founded in 2004, Q2 demonstrated its Q2 CardSwap solution at FinovateFall 2017. CardSwap helps financial service providers earn interchange revenue by enabling account holders to use their bank card for digital subscription services such as Netflix, Amazon, and Uber. The technology can be integrated into existing front-end platforms or companies can leverage their internal engineering talent and the APIs within Q2 Banking’s Open API portfolio to build their own CardSwap front end.

Last year, Q2 was named to the Deloitte Technology Fast 500 for a second year in a row in 2017 and earned a finalist spot in the NAFCU Services 2017 Innovation Awards. Also in 2017, Q2 Holdings added financial services and technology veteran Christine Petersen as Chief Revenue Officer last year and unveiled its new targeting and messaging platform, Q2 Smart. Headquartered in Austin, Texas, Q2 trades on the New York Stock Exchange under the ticker “QTWO.” The company has a market capitalization of $1.8 billion.

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IdentityMind Global Raises $10 Million to Fuel Global Growth

IdentityMind Global Raises $10 Million to Fuel Global Growth
By David Penn Posted on
Categories: Funding, IdentityMind Global

In a Series C round led by Benhamou Global Ventures and Eastern Link Capital, IdentityMind Global has secured $10 million in new funding. The investment, which also featured the participation of Hanna Ventures, Overstock.com, and Zanadu Capital Partners, will help support the digital identity specialist’s expansion within international markets and to grow its new business unit designed to provide KYC and AML solutions for ICO and cryptocurrency markets.

“We feel privileged to be working with an elite group of high quality investors who have a proven track record of success,” IdentityMind Global CEO Garrett Gafke said. “The market demand for digital identity-based solutions in today’s global digital economy is booming. IdentityMind, the pioneer in digital identities, with hundreds of customers spanning six continents, is uniquely positioned to meet growing global market demand.”

An alum of Finovate’s developer conference series, FinDEVr, IdentityMind Global is looking specifically to markets in Asia, Latin America, and Europe for expansion. And with regards to the new market of ICOs and cryptocurrencies, the company’s announcement comes only one week after unveiling its new business unit dedicated to providing anti-fraud solutions for ICOs.

Overstock.com CEO and IdentityMind investor Patrick Byrne referenced the rise of ICOs and their needs in the funding announcement. “ICOs and cryptocurrencies are going mainstream and IdentityMind is one of the key players in helping ensure transparency, legitimacy, security and compliance which will only lead to faster and greater marketplace adoption.”

In addition to new opportunities in the emerging ICO and cryptocurrency space, IdentityMind Global has also taken advantage of new trends in regtech more broadly – including the EU’s GDPR – that will increase demand for its AML, KYC, transaction monitoring, sanctions screening, and fraud prevention services. The company cited statistics from Frost & Sullivan that indicated that the global RegTech market could reach $6.45 billion by 2020.

“The ongoing growth of synthetic or stolen identities requires digital identity-based solutions to prevent identity fraud and maintain the integrity of the global digital economy,” Managing Partner for Eastern Link Capital Yodong Hou said. “IdentityMind has been identified as a ‘go to’ partner for those companies needing to implement an effective defense to identity thieves, online fraudsters, and money launderers worldwide.”

IdentityMind Global participated in Finovate’s developers conference in London in 2017, presenting its Entity Link API that helps businesses meet KYC and AML-related risk and compliance requirements. Last month, the company announced a partnership with fellow Finovate alum Mitek, integrating the two fintechs’ digital ID verification capacities. With this investment, the company’s total capital stands at more than $20 million.

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Finovate Alumni News

By David Penn Posted on
Categories: CASHOFF, Coinbase, Finastra, IdentityMind Global, Mambu, NICE Systems, Onfido, Q2, Revolut, Ripple, Roostify

On Finovate.com

  • IdentityMind Global Raises $10 Million to Fuel Global Growth.
  • Coinbase Launches Crypto eCommerce Acceptance.
  • Roostify Lands $25 Million to Disrupt the Mortgage Industry.

Around the web

  • Revolut partners with payment issuer processor GPS ahead of APAC launch.
  • Ripple teams up with Saudi Arabian Monetary Authority (SAMA) to begin cross-border payments pilot program using xCurrent.
  • NICE Actimize brings financial crime, risk and compliance technology to global provider of core banking systems technology.
  • South Africa’s Absa Bank goes live with Finastra’s CLS platform, PAYplus.
  • CASHOFF wins finalist spot in PFM & Robo Advice category of Innovate Finance’s 2018 Pitch360 competition.
  • Microsoft features Onfido. Come see Onfido at FinovateEurope next month!
  • Softtek and Mambu launch banking platform as a service.

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.

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