Author: David Penn

Cognitect Becomes Our Alum Number 1,000!

Cognitect Becomes Our Alum Number 1,000!
By David Penn Posted on
Categories: Cognitect, FinDEVr 2016 Silicon Valley

findevr_ironsign

Like proud grandparents counting the place-settings at a big family dinner, we were thrilled to realize that with FinDEVr Silicon Valley 2016 (tickets still available) we have onboarded our 1,000th alum. Durham, North Carolina-based Cognitect helped us make the milestone, and will join us next week at our upcoming developers conference in the Bay Area.

Founded in 2013, Cognitect specializes in enterprise software and data management. The company’s suite of technologies includes Datomic, a distributed database solution that leverages both traditional database functionalities with new features that enable full auditability and the ability to model future scenarios. Writing about Datomic in a blog post titled, “The New Normal: Data Leverage,” Cognitect VP Michael Nygard explained how the legacy of object-oriented programming (OOP) poorly serves developers in an era when “the majority of our work is with data.”

This is why I like working with Datomic. My transaction is data, just a vector of vectors or a vector of maps. What I get back as a result is data, a set of tuples. If I want to look at any of the built-in attributes of any of the attributes I’ve added—any of the metadata—I just do an ordinary query and get back ordinary data. My query is specified as data. Results come back as data.

cognitect_homepage_october2016

Nygard said that developers have come up against an “upper bound” when it comes to scaling with OOP. “Too many companies have created golden anchors out of their multimillion-line code-bases,” he said. “We are uncovering new ways to structure applications that enforce even stronger encapsulation and decision-hiding than object-oriented programming.”

Cognitect’s customers include a number of top 50 global companies including BBC, Verizon, Walmart, Best Buy, and more. Among FIs, Cognitect has worked with Brazilian financial services startup Nubank, using Datomic to drive the firm’s micro services platform. Cognitect has also partnered with Finovate alum Pellucid, helping scale the company’s data analysis system for investment bankers.

Join Cognitect and more than 40 other innovative companies next week at FinDEVr Silicon Valley 2016. Our two-day event begins on Tuesday, 18 October, and continues through Wednesday, 19 Oct, with live, 15-minute presentations, and extended, high-quality networking opportunities to enable you to get to know the talent behind the technology. So stop by our registration page and pick up your ticket today.

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Finovate Alumni News

By David Penn Posted on
Categories: CaixaBank, Cognitect, Misys, Strands, Thomson Reuters, wipro

On Finovate.com

  • North Carolina Data Management Innovator Cognitect is Alum 1,000. Join Cognitect at FinDEVr Silicon Valley 2016 next week.

Around the web

  • Strands hires former CaixaBank veteran Oscar Sala as head of product strategy.
  • Misys earns top spot in Asia Risk Technology Rankings 2016 for overall trading systems.
  • Thomson Reuters unveils new AML solution, TRAC, specifically targeting trade-based money laundering.
  • PYMNTS.com looks at the launch of Wipro’s new cloud-based, analytics platform for corporate treasurers, Treasury DNA.

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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FinDEVr Silicon Valley: When You’re a Dev, You’re a Dev All the Way

FinDEVr Silicon Valley: When You’re a Dev, You’re a Dev All the Way
By David Penn Posted on
Categories: FinDEVr 2016 Silicon Valley

findevrsv2016_attendeetitlecloud

From your first IDE to your last coding day …

As our “Hail to the Chief” themed word-cloud shows, our upcoming developers conference FinDEVr Silicon Valley 2016 is dedicated to the women and men whose talents and insights drive not just the technologies we appreciate today, but also the solutions we dream about for tomorrow. (And, yes, tickets are still available!)

From serial entrepreneurs looking to power their next big thing with the brightest minds and best solutions, to startups eager to show new ways to solve old problems, FinDEVr is a unique opportunity to meet the teams behind the technology. Our two-track, 15-minute presentation format (slides allowed, code encouraged) combined with high-quality, end-of-day networking on both Tuesday and Wednesday is designed to maximize your exposure to the latest in SDKs, APIs, case studies and new integrations in the industry.

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Brandon Dewitt, MX CTO, during his presentation, How You Build Something Is More Important Than What You’re Building

Join us 18/19 October for a two-day trip inside the laboratories where fintech’s future is being made. Find out how innovators are paving the way for safer, more efficient online transactions, better mobile app security, broader financial inclusion, and more. Tickets are on sale now. So visit our registration page today and save your spot. We’ll see you next week in Silicon Valley!

FinDEVr Silicon Valley 2016 is sponsored by The Bancorp.

FinDEVr Silicon Valley 2016 is partnered with Acuity Market Intelligence, BankersHub, BayPay Forum, BiometricUpdate.com, Bitcoin Magazine, Bitoinist.net, Breaking Banks, Byte Academy, California Bankers Association, Celent, The Cointelegraph, Colloquy, Emerging Payments Association, Empire Startups, FIDO Alliance, Fintech Finance, Global Platform, Hack Reactor, Harrington Starr, Juniper Research, Mercator Advisory Group, Next Money, Payment Week, Payments & Cards Network, SecuritySolutionsWatch.com, SIMAlliance, Swiss Finance + Technology Association, and Women Who Code.

 

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FinovateAsia Sneak Peek: Xignite

FinovateAsia Sneak Peek: Xignite
By David Penn Posted on
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, Xignite

xignite_homepage_october2016

A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot.

Xignite makes it simple to build digital financial technology. Using our cloud-based REST APIs, developers can integrate in minutes and call real-time reference and market data directly to apps.

Features:

  • Cloud-based market-data distribution platform
  • Helps banks centralize, distribute, and optimize access to data
  • Data can instantly be pulled into portals within in-house systems

Why it’s great
Cloud-based market-data APIs are transforming banking, driving innovation while reducing infrastructure costs.

stephanedubois2_xignitePresenter

Stephane Dubois, CEO and founder
Listed on Institutional Investor’s Tech 50 list of financial visionaries and nominated for FTF News fintech person of the year, Dubois founded Xignite to pioneer market data in the cloud.
LinkedIn

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DriveWealth Brings Roboadvisory to Latin America in New Partnership with Alkanza

DriveWealth Brings Roboadvisory to Latin America in New Partnership with Alkanza
By David Penn Posted on
Categories: DriveWealth

driveweath_homepage_october2016

This summer, Best of Show winner DriveWealth announced a partnership with Chinese marketplace lender and wealth manager CreditEase to bring roboadvisory to China. Today we learn the innovative broker-dealer has made a deal with Silicon Valley-based Alkanza to bring similar services to Latin America.

DriveWealth founder and CEO Robert Cortright credited his company’s platform for helping bring access to U.S. equities to “investors everywhere, at every income level.” Cortright said, “Our partnership with Alkanza makes it possible for investors in Latin America not only to gain access to the U.S. stock market, but also have their portfolios be managed by experienced professionals for an affordable cost.”

drivewealth_stage_feu2016

DriveWealth Chief Information Officer Harry Temkin demonstrated Real Time Fractional Trading with Passport 2.0 at FinovateEurope 2016.

This combination of access and advisory is what Andrés Villaquiran, founder and CEO of Alkanza, praised in his firm’s new partnership with DriveWealth. “By marrying our premium investment advisory programs with DriveWealth’s low-cost access to U.S. securities,” Villaquiran said, “our Latin American clients can now add a unique investment option to their investment plans.” Alkanza will use DriveWealth’s wealth management APIs, which were launched earlier this year. Advisers will be able to offer their clients varying levels of support: non-discretionary, blended, and fully discretionary—the latter level giving Alkanza full management, trading, and rebalancing of client portfolios. Alkanza will first offer the new services in Argentina and Chile.

DriveWealth demonstrated its Real Time Fractional Trading with Passport 2.0 at FinovateEurope 2016, winning Best of Show. In August, the company added real-time margin to its platform. DriveWealth was founded in 2012 and is headquartered in Chatham, New Jersey. The company will be making its FinDEVr debut next week at FinDEVr Silicon Valley. For more information, visit our FinDEVr page. To pick up your ticket and save your spot, visit our registration page.

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FinovateAsia Sneak Peek: VENTENY

FinovateAsia Sneak Peek: VENTENY
By David Penn Posted on
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, VENTENY

venteny_homepage_october2016

A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot.

VENTENY is an HR/fintech company that provides instant online micro-financing to employees in companies in the Philippines as a part of their benefits.

Features:

  • About 90% of loan applications go through
  • The rates change based on repay history and years of working at the company
  • Solves employees’ need for cash and also improves the turnover rate

Why it’s great
The most reliable instant micro-financing solution provider for employees that delivers “EMPLOYEE HAPPINESS.”

junichirowaide_ventenyPresenter

Junichiro Waide, CEO and Founder
Waide started his career at PwC Japan, then was assigned to the U.S. as a business consultant. After PwC, he joined several IT companies (participating in IPOs in Japan) as director or board member.
LinkedIn

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FinovateAsia Sneak Peek: Top Image Systems

FinovateAsia Sneak Peek: Top Image Systems
By David Penn Posted on
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, Top Image Systems

topimagesystems_homepage_october2016

A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot.

Top Image Systems’ eFLOW Trade Docs is an end-to-end solution that enables financial institutions such as banks to conduct automatic recognition, learning, validation, and screening.

Features:

TIS’ eFLOW Trade Docs automates and streamlines trade-finance processes in three areas:

  • Document classification and data extraction
  • Document sufficiency and data validation
  • Document screening

Why it’s great
TIS’ eFLOW Trade Docs increases trade-finance processing-efficiency and -capacity while reducing processing errors and costs, bringing to your bank happier customers and higher revenues.

karatham_topimagesystemsPresenters

Kara Tham, Sales Director (Asia)
With more than 15 years of experience in consultative and solution sales, Tham has successfully crafted creative and innovative solutions for establishments within the banking industry on a global level.
LinkedIn

 

weihaogoh_topimagesystemsWei Hao Goh, Head, Technical Account Manager
Goh specializes in providing thought leadership to banking operations, focusing on intelligent document content capture and trade finance document processing.
LinkedIn

 

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FinDEVr Preview: ABBYY

FinDEVr Preview: ABBYY
By David Penn Posted on
Categories: ABBYY, FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview

FinDEVrSV16-withdateFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, 18/19 Oct. Tickets are on sale now. Visit our registration page and save your spot today.

ABBYY will be demonstrating its new mobile capture and cloud-ready technologies that help transform static information contained within paper receipts and electronic documents into actionable customer intelligence. This data can be used for purchase analytics, loyalty programs, new customer-service offerings, and expense-management applications.

abbyy_homepage_october2016

Why it’s a must-see
See how machine learning and AI provide the opportunity to unlock captured data and build customer intelligence. ABBYY’s technologies not only capture receipt data, but also help optimize mortgage processing, new account openings, accounts payable/receivable, proof of identity, and proof-of-income solutions for leading financial institutions on 100M devices.

Check out more of today’s FinDEVr Previews

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FinDEVr Preview: Tango Card

FinDEVr Preview: Tango Card
By David Penn Posted on
Categories: FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview, Tango Card

FinDEVrSV16-withdateFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, 18/19 October. Tickets are on sale now. Visit our registration page and save your spot today.

Tango Card is presenting its Rewards-as-a-Service API designed to deliver digital rewards, like e-gift cards, instantly. The company has multiple methods to support the integration of a rewards program, including an e-gift card catalog, into your app or platform.

tangocard_homepage_october2016

Why it’s a must see
If you have a need for e-gift cards as incentives, rewards, or for payment distribution: This is the API and Tango Card is the company that will do the job for you.

Check out more of today’s FinDEVr Previews

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FinDEVr Preview: Aerospike

FinDEVr Preview: Aerospike
By David Penn Posted on
Categories: Aerospike, FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview

FinDEVrSV16-withdateFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, 18/19 October. Tickets are on sale now. Visit our registration page and save your spot today.

Retail banks face challenges when integrating sophisticated technologies, especially those that are internet-sourced. This tech from Aerospike introduces valuable capabilities, including languages, application frameworks, APIs, data management, and NoSQL databases. In this talk, the company will share real-world examples of adapting these internet-sourced technologies to fit older order-management and address-book systems like Hogan.

aerospike_homepage_october2016

Why it’s a must-see
Want to take advantage of internet-sourced technologies but don’t know where to start? Learn how existing fintech companies use these technologies to provide access to more data (petabytes) and support agile, innovative algorithms and libraries, and glean some inspiration for your next project.

Check out more of today’s FinDEVr Previews:

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Pindrop Debuts Phoneprinting Technology with Lloyds Banking Group

Pindrop Debuts Phoneprinting Technology with Lloyds Banking Group
By David Penn Posted on
Categories: Pindrop Security

pindrop_homepage_octover2016

Lloyds Banking Group will be the first European institution to use “phone printing” technology to help fight fraud. The technology comes courtesy of Pindrop Security, which has developed a solution that creates an “audio fingerprint” that makes it easier to spot the kind of unusual behavior that can be the first clue that fraudulent activity is taking place.

“Our Phoneprinting technology is highly resilient and very quickly identifies and analyses a call’s audio to indicate if a caller is suspicious,” says Matt Peachey, Pindrop’s VP and GM International. “This shines a spotlight on fraudulent activity before it becomes an issue—both for the organization and the customer—and also helps ensure a positive customer experience.”

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CEO, CTO, and founder Vijay Balasubramaniyan demonstrated Pindrop’s Fraud Detection System at FinovateFall 2012.

The technology uses 147 unique call features such as location, number history, and call type to defend against many common fraud tactics such as ID spoofing, voice distortion, and social engineering. Lloyds Banking Group will deploy the technology across its Lloyds Bank, Halifax, and Bank of Scotland brands in early 2017. “Protecting our customers, their money and their information is our priority. Investing in ground-breaking technology is just one of the many ways we are able to remain a step ahead of potential fraudsters,” Lloyds Banking Group MD Martin Dodd explained. “Our partnership with Pindrop will enable us to further strengthen our multilayered defenses and allow us to continue to lead the industry in this important area.”

Writing about Lloyds Banking Group for Banking Technology, Antony Peyton noted that the firm has been on a fintech innovation streak of late. At its Bank of Scotland subsidiary, the firm this week unveiled “selfie technology” to enable customers to open current accounts online using their smartphones. CNBC reported that when Lloyds initially trialed Pindrop’s technology, the solution accurately identified fraudulent calls 85% of the time. The success rate has since reached 95%.

Founded in 2011 and headquartered in Atlanta, Georgia, Pindrop Security demonstrated its Fraud Detection System at FinovateFall 2012. The company has raised more than $122 million in funding, most recently picking up $75 million in a Series C investment in January. Vijay Balasubramaniyan is CEO, CTO, and founder.

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Finovate Alumni News

By David Penn Posted on
Categories: Bitbond, CoverHound, eSTORM, EyeVerify, Insuritas, Jumio, Malauzai Software, Pendo Systems, Pindrop Security, Q2, WeInvest, Yseop

On Finovate.com

  • Pindrop Debuts Phoneprinting Technology with Lloyds Banking Group

Around the web

  • Malauzai Software teams up with Guardian Analytics, adding new fraud detection functionality to mobile banking apps.
  • Q2 launches Centrix Dispute Tracking System Fraud Alerts module.
  • UAE Exchange partners with Jumio for identity verification. Read our interview with Jumio CEO Stephen Stuut.
  • Edison TV interviews Martina King, Featurespace CEO, about the company’s ARIC Engine.
  • CoverHound launches CyberPolicy.com to help small businesses protect against cyber attacks.
  • Pendo Systems announces new application for Gainsight and CRM Systems.
  • Yseop to ship Narrative Charts to Information Builders.
  • GuardStreet and WellCard Savings launch products on Insuritas SmartCard insuretech digital platform.
  • Crowdfund Insider reports: Bitbond receives BaFin license.

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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