Author: David Penn

Finovate Alumni News

By David Penn Posted on
Categories: Arxan Technologies, Digital Insight, Lending Club, TransferWise

Around the web

  • itBit wins New York State Trust Company charter. See itBit at FinovateSpring 2015 next week.
  • PC Magazine features Arxan Technologies in a column on security and the “internet of things.”
  • London Evening Standard highlights TransferWise in its tribute to the young unicorns of London’s Silicon Circles.
  • PYMNTS.com looks at Lending Club and sees good things for the P2P marketplace.
  • NuMARK Credit Union deploys digital banking solutions powered by Digital Insight.

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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Trizic Raises $3 Million in Seed Funding from Operative Capital

Trizic Raises $3 Million in Seed Funding from Operative Capital
By David Penn Posted on
Categories: Trizic

Trizic_homepage

Less than a week away from its Finovate debut in San Jose, wealth-advisory technology innovator, Trizic has closed a $3 million seed funding round with Operative Capital.

Operative Capital initially invested $1 million in Trizic, and this week increased its investment by another $2 million. The funding will help the company roll out Trizic Accelerator, its digital wealth-advisory platform for broker-dealers and asset managers, as well as FIs and wealth-management firms.

Speaking for Operative Capital, founding partner Drew Sievers highlighted Trizic’s potential for disruption in the wealth-advisory digital space and the fact that, as a technology company, Trizic does not compete with its customers. Sievers is the former CEO and founder of mFoundry, (a Finovate alum).

“Well-known, direct-to-investor sites offering their solution to financial firms, asset managers, and RIAs have a direct conflict: Trizic isn’t a competitive threat to the wealth-management providers that are implementing Trizic Accelerator,” says Sievers.

Available as a white-label offering, Trizic Accelerator helps wealth-management professionals onboard and manage both new and existing clients, and automates up to 80% of back-office functions. Wealth managers can create model portfolios and execute trades. The platform’s algorithms ensure that processes are “tax-aware” and meet regulatory and fiduciary requirements. Clients can have different degrees of access to the platform on the front end based on their own technological and financial sophistication.

Founded in 2012, Trizic is headquartered in San Francisco, California. Brad Matthews is founder and CEO. See the company’s technology live on stage at FinovateSpring 2015 in San Jose.

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Finovate Alumni News

By David Penn Posted on
Categories: Asseco, BizEquity, CashStar, Digital Insight, Dwolla, FinanceIt, FIS, Lending Club, LendKey, Nomis Solutions, Ripple, Trizic, Wallaby Financial, Xero, Zopa

On Finovate.com

Around the web

  • Wallaby Financial partners with NXT-ID to bring Wocket Smart Wallet to Wallaby customers.
  • Asseco SEE teams up with UniCredit CEE to launch its fully native new generation tablet banking solution in six Eastern European countries.
  • Nomis Solutions taps Michael DeGusta as vice president and chief architect.
  • Service Credit Union offers mobile banking services with Touch ID, courtesy of pilot program run by Digital Insight.
  • Financeit partners with eOriginal Inc., bringing eSignature technology to Financeit customers.
  • Studio Movie Grill launches digital gift cards powered by CashStar.
  • Banking Exchange column on real-time payments in the U.S. features FIS, Dwolla, and Ripple.
  • Zopa to help provide financing for Uber drivers looking to buy their cars, rather than rent them.
  • American Banker features LendKey. Check them out at FinovateSpring next week in San Jose.
  • American Banker reports that partnerships fuel Lending Club’s unexpectedly fast growth.
  • BizEquity launches new ‘Adviser Office’ service.
  • Pepperi partners with Xero to extend cloud accounting with mobile sales automation.

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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Get Your Kicks: DriveWealth Earns Investment from Route 66 Ventures

Get Your Kicks: DriveWealth Earns Investment from Route 66 Ventures
By David Penn Posted on
Categories: DriveWealth

DriveWealth_homepage

Just in time for its debut at FinovateSpring 2015 next week, DriveWealth has picked up its first institutional investor: Route 66 Ventures.

The amount of the Series A investment was not immediately available. DriveWealth plans to use the new capital to help onboard the company’s partners and customers, as part of its goal to “bring affordable investing to everyone, everywhere,” in the words of Robert Cortright, CEO and founder. Route 66’s managing partner, Michael Meyer pointed to two factors that had encouraged his firm to throw its support behind DriveWealth: experienced management and the company’s location in a “high growth” area within the global financial services industry. “We are excited to partner with the DriveWealth team to build a truly global retail investing platform,” Meyer said.

DriveWealth makes it easier for global investors to access U.S. stock markets. The brokerage-as-a-service platform provides apps, APIs, and other solutions for financial services companies in more than 135 countries around the world, enabling investors and traders to buy and sell U.S. stocks, exchange-traded funds (ETFs), and other assets.

DriveWealth was founded in May 2012 and is headquartered in Chatham, New Jersey. See them at FinovateSpring 2015 in San Jose.

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Finovate Alumni News

By David Penn Posted on
Categories: Ayasdi, Boku, DriveWealth, FIS, FutureAdvisor, GMC Software Technology, InComm, Nomis Solutions, OneID

On Finovate.com

  • Get Your Kicks: DriveWealth Earns Investment from Route 66 Ventures. See DriveWealth make its Finovate debut at FinovateSpring 2015 next week in San Jose.

Around the web

  • India’s Karnataka Bank deploys “e-lobby” services from FIS. See FIS in action at FinovateSpring 2015.
  • Ayasdi earns spot on Computer Reseller News’ Big Data 100 for the third year in a row.
  • WhatTheyThink interviews Didier Rouillard, VP of service provider business for GMC Software Technologies.
  • Ventana Research highlights Nomis Solutions in report on price- and revenue-optimization software.
  • KUBRA to integrate InComm’s Cashtie API into its services.
  • Boku launches carrier billing technology on Google Play in Saudi Arabia.
  • Re/code: FutureAdvisor Launches Free Service to Manage College Investments
  • Killer Startups profiles oneID and its “internet without passwords.”

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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Last Call for FinovateSpring 2015 Tickets

Last Call for FinovateSpring 2015 Tickets
By David Penn Posted on
Categories: FinovateSpring 2015

FSBannerLogowDate

FinovateSpring 2015 is right around the corner and we are as excited as ever to see live and up close what our roster of 72 fintech innovators has in store. Have you picked up your ticket yet?

We hope you’ll join us. In fact, with registrations zooming past the 1,000 mark more than a week ago, there may be no better time than now to save your spot at the show.

FS2013_crowd_networking

We think you’ll like what you see on stage this year with our lineup of live demos at FinvoateSpring 2015. But, as we hinted earlier this week with our Attendee Title Word Cloud, much of what makes Finovate events special results from the live “introductions” between fellow attendees that happens during the networking opportunities throughout the day.

To give you a feel of the caliber of the crowd you’ll be joining at FinovateSpring 2015 in San Jose, take a look at a sample of the more than 500 companies attending this year’s conference.

  • Accenture
  • Aite
  • Alliance Credit Union
  • Alliant Credit Union
  • Ally Bank
  • Alten Capital
  • Altpoint Ventures
  • America First Credit Union
  • American Express
  • ANZ
  • AXA Lab
  • Backbase
  • Baird Capital Partners
  • BancVue
  • Bank of America
  • Bank of Internet
  • Bank of the West
  • Barclays
  • BBCN Bank
  • BBVA
  • BDCV Venture
  • Blackrock
  • Bluerun Ventures
  • BNY Mellon
  • Bridge Bank
  • C1 Bank
  • Capital One
  • Capital Source
  • Celent
  • Celtic Bank
  • Charles Schwab
  • Chase Paymentech
  • Citi Ventures
  • City National Bank
  • Clipper Ventures
  • Commerz Ventures
  • Co-op Financial Services
  • Credit Karma
  • CU Central of Canada
  • Credit Suisse
  • Crosslink Capital
  • CUTech
  • CUNA Mutual Group
  • Darling Ventures
  • dataconomy
  • Deseret First Credit Union
  • Desert Schools FCU
  • Digital Insight
  • Discover Financial Services
  • Eastman Credit Union
  • Educators Credit Union
  • eFirstBank
  • E*Trade
  • Endeavour
  • Enova
  • Envestment
  • Equifax
  • Everbank
  • Experian
  • Ernst & Young
  • Federal Reserve of Chicago
  • Federal Reserve San Francisco
  • Fidelity
  • Filene Research Institute
  • Financial Products Research
  • Finovera
  • FIS
  • Fiserv
  • First Annapolis
  • First National Bank
  • First Republic Bank
  • First Tennessee Bank
  • Forbes
  • Forrester Research
  • Foundation Capital
  • Fujitsu Research Institute
  • Gartner Research
  • GE
  • General Atlantic
  • Gibraltar
  • Golden 1 CU
  • Goldman Sachs
  • Google
  • H&R Block
  • Harland Clarke
  • Hills Bank and Trust
  • Hudson City
  • Hyundai
  • IBM
  • Innovest
  • Intuit
  • Intellectual Ventures
  • J.P. Morgan Chase
  • Jack Henry & Associates
  • Javelin Strategy & Research
  • Jumio
  • Justice Federal CU
  • KeyBank
  • KPMG
  • Lending Club
  • LexisNexis
  • Libro Credit Union
  • Life.SREDA
  • MasterCard
  • Maybank
  • Mercator Advisory Group
  • Metropolitan Capital
  • Mindful Insights
  • Mountain America CU
  • NASDAQ
  • New York Life
  • North Hill Ventures
  • Obvious Ventures
  • Ohio Valley Bank
  • PayPal
  • PNC
  • PT Money
  • Privat Bank
  • PostFinance
  • Primerica
  • Public Service Credit Union
  • PSCU
  • Quantum Capital
  • Quicken Loans
  • RedStar Ventures
  • Rockville Bank
  • Route 66 Ventures
  • Royal Bank of Scotland
  • Safe Credit Union
  • Santander
  • Seattle Metropolitan CU
  • ScotiaBank
  • Silicon Valley Bank
  • Silvergate Bank
  • Square1 Bank
  • Solarity Credit Union
  • Sony Bank
  • Sorenson Capital
  • Stanford Federal Credit Union
  • Star One Credit Union
  • State Farm
  • Stockpile
  • Sumitomo Mitsui
  • Susquehanna Growth Equity
  • Swisscom
  • Target
  • TD Ameritrade
  • TD Bank
  • Tech Credit Union
  • Technology Crossover Venture
  • TDECU
  • The Bancorp
  • TPG
  • Transunion
  • TSYS
  • TwinStar Credit Union
  • Umpqua Bank
  • UBS
  • USAA
  • UW Credit Union
  • Visa
  • Wallaby
  • Wall Street Journal
  • Wells Fargo
  • Western Independent Bankers
  • Western Union
  • Wharton
  • William Mills
  • WSECU
  • Yodlee
  • Zions Bank

If these folks sound like your kind of people, then why not join them and us for an exciting two days of live demos and high-caliber networking at FinovateSpring 2015? Visit our registration page today and we’ll see you in San Jose next week.

FinovateSpring 2015 is sponsored by The Bancorp, CapitalSource, City National Bank, Envestnet, Financial Technology Partners, Hudson Cook LLP, KPMG, Kyriba, Life.SREDA, and Zions DirectTV.

FinovateSpring 2015 is partners with Aite Group, American Banker’s Association (ABA), Bank Innovators Council, Bankers Hub, BayPay Forum, bob’s guide, Breaking Banks, California Bankers Association, Canadian Trade Commissioner Service, Celent, ebankingnews, Filene Research Institute, fin-tech.org, HotWire, Javelin Strategy & Research, Mercator Advisory Group, The Paypers, SME Finance Forum, and Western Independent Bankers.

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Finovate Alumni News

By David Penn Posted on
Categories: Actiance, CSI globalVCard, DeviceFidelity, ebankIT, EyeVerify, Motif Investing, Striata, Top Image Systems, TransferWise

On Finovate.com

  • Last Call for FinovateSpring 2015 Tickets! Join us in San Jose next week!

Around the web

  • Venture Scanner Insights features Motif Investing and TransferWise.
  • Top Image Systems names Carsten Nelk as chief technology officer.
  • DeviceFidelity picks up patent for its implementation of NFC.
  • CSI globalV Card wins multiple honors at the 2015 Communicator Awards.
  • Alcatel launches smartphone with EyeVerify biometric technology.
  • Striata partners with e-signature provider, CIC, to enable document execution via email.
  • Actiance now supports Skype for Business and Yammer.
  • ebankIT launches Watch Bank, an app that allows you to perform banking transactions on the Apple Watch.

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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MX Raises $30 Million in Series A Investment

MX Raises $30 Million in Series A Investment
By David Penn Posted on
Categories: MX

MX_homepage

Five-time Best of Show award winner, MX, has boosted its total capital to more than $50 million with this week’s raise of $30 million. The Series A round was led by USAA (via a subsidiary), and featured participation from existing investor Commerce Ventures and new investor Digital Garage, based out of Tokyo.

TechCrunch’s coverage of the fundraising cites Pitchbook’s valuation of the company formerly known as “MoneyDesktop” at more than $270 million after this week’s investment.

The strategic implications of the investment in MX include the opportunity to bring its personal/digital finance management technology to the more than 10 million customers of USAA. Vic Pascucci, head of corporate development at USAA, said, “We see an opportunity for MX’s technologies to benefit our members, and our investment is one way we plan to explore that opportunity.”

FF2014_MX_stageshot_multipledevices

With Digital Garage onboard, MX will leverage the firm’s experience in helping companies like Twitter expand overseas to do some international expansion of its own. President and Group CEO Kaoru Hayashi called MX “a dominant force in the U.S.” and referred to financial institutions in Japan as being “hungry for (the) full-stack solutions” that MX can provide.

Headquartered in Provo, Utah (“the heart of Utah’s Silicon Slopes”), MX specializes in helping banks and financial institutions provide omnichannel, “customer-centric” banking experiences. MX was founded in 2010 by Ryan Caldwell (CEO), and partners with more than 500 FIs and 30 online banking, core, and payment network providers. Providing a “truly cross-platform” experience—the company’s last demo at FinovateFall 2014 featured the platform running on more than eight different devices—MX is better able to ensure that their technology will integrate seamlessly with an FI’s current system and processes.

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FinovateSpring 2015 Sneak Peek: Part 8

FinovateSpring 2015 Sneak Peek: Part 8
By David Penn Posted on
Categories: Finaeos, Finicity, FinovateSpring 2015, FinovateSpring 2015 Sneak Peek, Money Amigo, Ondot Systems, Onovative, Outski, Prairie Cloudware, Slice, SmartAsset, Token, Top Image Systems, Vanguard, Vouch, Whodini

FS2014_stageshot_profile_Loop

Today marks our final Sneak Peek preview. We hope you’ve enjoyed the opportunity to get to know a little about the companies that will be taking the stage at FinovateSpring 2015.

Register today to see and meet these innovators in person on 12/13 May at our upcoming conference in San Jose, California.

If you’ve missed an edition, our complete Sneak Peek series for FinovateSpring 2015 is below:

And now let us introduce you to the final fourteen companies of FinovateSpring 2015. See you in San Jose!

FS2015_Finaeos_logoFinaeos automates the back office and capital-raising compliance.

Why it’s great
Serves the demand for new ways to invest, save, and generate income by investors across the globe.

  • Founded: 2015
  • HQ: Victoria, British Columbia, Canada

FS2015_Finicity_logoFinicity helps developers build powerful apps to drive financial software innovation.

Why it’s great
TXPUSH Interface to the Finicity API Platform.

  • Founded: 1999
  • HQ: Salt Lake City, Utah

FS2015_MoneyAmigo_logoMoney Amigo is a social money interaction platform that solves the lack of simple and clustered services for the unbanked and underbanked.

Why it’s great
Money Amigo makes managing money fast, fair, and friendly.

  • Founded: 2015
  • HQ: Las Vegas, Nevada

FS2015_Ondot_logoOndot Systems builds white-label solutions that enable financial institutions to provide security and convenience for their customers.

Why it’s great
Our platform brings innovation to mobile card services.

  • Founded: 2011
  • HQ: San Jose, California

FS2015_Onovative_logoOnovative’s powerfully simple marketing automation software helps financial institutions meet the challenge of cross-selling current customers.

Why it’s great
Onovative provides banks and credit unions with modern APIs and a simple UI to help them grow.

  • Founded: 2013
  • HQ: Jeffersonville, Indiana

FS2015_Outski_logoOutski’s platform improves employee health and wellness, increases productivity, and reduces job-related stress.

Why it’s great
Outski helps companies improve margins and reduce costs by focusing on the health and well-being of their employees.

  • Founded: 2013
  • HQ: Tucson, Arizona

FS2015_PrairieCloudware_logoPrairie Cloudware provides a comprehensive set of omnichannel, digital payment services to solve the need for more security, convenience, and control when purchasing goods and services online and in-store.

Why it’s great
We are a cloud-based, open platform that allows consumers to access and use their preferred payment mechanisms and accounts via the financial institution’s digital channels.

  • Founded: 2012
  • HQ: Omaha, Nebraska

FS2015_Slice_logoSlice’s technology provides item-level purchase-data across the largest base of online consumers (two million and counting).

Why it’s great
Slice’s one-of-a-kind Purchase Graph technology.

  • Founded: 2010
  • HQ: Palo Alto, California

FS2015_SmartAsset_logoSmartAsset provides a tools-and-content platform to give consumers personalized and actionable advice.

Why it’s great
Leverage our Automated Financial Modeling technology to make significant personal finance decisions.

  • Founded: 2011
  • HQ: New York City, New York

FS2015_Token_logo_snagToken is a new payment rail that solves the “faster payments” problem for banks, businesses, and consumers.

Why it’s great
A new open bank API, an unbreakable identity system, developer tools, and a wallet app for business and consumers.

  • Founded: 2015
  • HQ: Los Altos Hills, California

FS2015_TopImageSystems_logoTop Image Systems introduces the eFLOW mortgage, which eliminates the manual, time-consuming and expensive mortgage-origination process.

Why it’s great
Top Image Systems’ IQA (Image Quality Analysis) provides unparalleled accuracy, security, and ease of use.

  • Founded: 1991
  • HQ: Tel Aviv, Israel

FS2015_Vanguard_logoVanguard introduces the Funds Visualizer to rid investors of suboptimal portfolio construction.

Why it’s great
Our interactive, 3-D, data visualizations of diversification provide unique insights when it comes to building portfolios.

  • Founded: 1975
  • HQ: Valley Forge, Pennsylvania

FS2015_Vouch_logo_414updateVouch is the first social network for credit, enabling consumers to connect and share creditworthiness so they get the financial products they deserve.

Why it’s great
Vouch is for anyone who believes they are more than their credit score.

  • Founded: 2013
  • HQ: San Francisco, California

FS2015_Whodini_logo_snagWhodini helps merchants engage customers using social media marketing, reaching loyal customers with targeted offers.

Why it’s great
At Whodini, we help local businesses know their customers better.

  • Founded: 2004
  • HQ: Westport, Connecticut

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Finovate Alumni News

By David Penn Posted on
Categories: Coinbase, Currency Cloud, Encap, Green Dot, InComm, IP Commerce, MX, Open Bank Project, PayPal, Ripple, Stratos, Temenos, Top Image Systems

On Finovate.com

  • MX Raises $30 Million in Series A Investment

Around the web

  • Encap Security to support Samsung fingerprint scanner as part of version 3.0 of its Smarter Authentication technology. See Encap at FinovateSpring 2015 next month in San Jose.
  • Dutch banking group ABN AMRO to deploy wealth-management solution, WealthSuite, from Temenos.
  • Top Image Systems wins recognition at 2015 IT Innovation Awards (IT Innovationspreis) for MobiPAY.
  • PayPal partners with Tillster, an online ordering platform.
  • Green Dot names MasterCard its exclusive transaction processor and network gateway.
  • American Banker: New Moves by Coinbase, Ripple Advance Digital Money Tech.
  • Currency Cloud appoints former Deutsche Bank CIO, Mitchel Lenson, as a non-executive director.
  • IP Commerce launches new version of Commerce Sync to automatically transfer sales info from a POS system or e-commerce solution into accounting software on a daily basis.
  • InComm partners with Russian internet giant Mail.Ru Group.
  • Stratos now shipping its all-in-one smart credit card. Come see Stratos at FinovateSpring in San Jose.
  • Open Source Project.com features Open Bank Project.

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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FinovateSpring 2015: Meet the People in Your Fintech Neighborhood

FinovateSpring 2015: Meet the People in Your Fintech Neighborhood
By David Penn Posted on
Categories: FinovateSpring 2015

FSBannerLogowDate

Who will you meet at FinovateSpring 2015?

From the moment you arrive at a Finovate conference, one thing is clear: Fintech is a people business.

In fact, while some of the best connections you’ll make at Finovate will be with our presenters at their booths, many of your best conversations are likely to be with the man or woman sitting next to you in the audience or across the table from you at lunch.

Why so? Take a look at the titles of the more than 1,000 fintech professionals who have already signed on to join us at FinovateSpring this May.

FS2015_AttendeeTitle_WordCloud_Final

Senior vice presidents and software engineers, managing partners and marketing directors, chief executives and chief evangelists. This year’s attendee-title word-cloud suggests the question is not “Who is going to FinovateSpring 2015 this year?” It’s “Who isn’t?”

The show starts 12 March, Tuesday, and concludes with our Best of Show awards presentation after a second day of live demos on Wednesday. So be sure to visit our registration page today and reserve your seat as Finovate returns to San Jose next month for our annual spring event.

Find out more about FinovateSpring 2015 at our FAQ page.

FinovateSpring 2015 is sponsored by The Bancorp, CapitalSource, City National Bank, Envestnet, Financial Technology Partners, Hudson Cook LLP, KPMG, Kyriba, Life.SREDA, and Zions DirectTV.

FinovateSpring 2015 is partners with Aite Group, American Banker’s Association (ABA), Bank Innovators Council, Bankers Hub, BayPay Forum, bob’s guide, Breaking Banks, California Bankers Association, Canadian Trade Commissioner Service, Celent, ebankingnews, Filene Research Institute, fin-tech.org, HotWire, Javelin Strategy & Research, Mercator Advisory Group, The Paypers, SME Finance Forum, and Western Independent Bankers.

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Finovate Alumni News

By David Penn Posted on
Categories: Advanced Merchant Payments, Coinbase, Currency Cloud, Digital Insight, Expensify, Fiserv, MasterCard, Ripple, SocietyOne

On Finovate.com

Around the web

  • Digital Insight to provide Touch ID functionality in mobile banking apps.
  • Coinbase unveils its bitcoin exchange and wallet service in the U.K.
  • The Currency Cloud appoints former Deutsche Bank CIO, Mitchel Lenson, to non-executive director.
  • Green Dot Bank chooses MasterCard as its transaction processor and network gateway.
  • Columbia Bank picks Fiserv DNA for its account-processing platform.
  • The Finanser interviews CEO and co-founder of Ripple Labs, Chris Larsen.
  • AMP Credit Tech launches Amplifi Capital to directly finance unsecured loans to under-served small businesses in the U.K.
  • Expensify debuts new automatic statement-reporting feature.
  • ComputerWorld: SocietyOne makes case for peer-to-peer lending.

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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