Author: Julie Muhn (@julieschicktanz)

Luxoft and Fenergo Team Up

Luxoft and Fenergo Team Up
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fenergo, Luxoft

Digital transformation strategist Luxoft and client lifecycle management specialist Fenergo are joining forces. The agreement, announced earlier this week, makes Luxoft the latest to join Fenergo’s 300-member, worldwide partnership ecosystem.

Luxoft will act as a consulting partner to provide expertise, practical experience, and advice to Fenergo’s clients when its comes to initiatives such as data migration, IT architecture, and change readiness. Other such partners on Fenergo’s platform include Accenture, Capgemini, and Genpact. Fenergo CEO Marc Murphy described Luxoft as an “ideal partner” that will help the company “scale… business at a greater pace.”

Luxoft not only gains a way to fulfill its clients’ needs for digital transformation, the company also stands to gain new clients of its own by becoming a member of Fenergo’s ecosystem. “Our partnership with Fenergo aligns with our strength and success in financial services, and presents new opportunities to grow our business, expand our partner ecosystem, and deliver exceptional value to our clients,” said Dmitry Loschinin, executive vice president of DXC Technology, and president and CEO of Luxoft.

Luxoft was acquired by DXC Technologies (NYSE: DXC) which holds a market capitalization of $8.5 billion. At FinovateFall 2014, Luxoft debuted Horizon, a data visualization framework for banking executives.

Founded in 2009, Ireland-based Fenergo debuted its Deal Manager at FinovateEurope 2012. We featured Fenergo’s onboarding technology in our post Yes, Banks Can Compete with Apple’s New Credit Card earlier this year.

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HackerOne Cracks into $36.4 Million in Funding

HackerOne Cracks into $36.4 Million in Funding
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, HackerOne

Bug bounty and vulnerability disclosure platform HackerOne announced a funding round this week that boosts its capital up to $110 million. The oversubscribed Series D round, which totaled $36.4 million, saw contributions from Benchmark, New Enterprise Associates, Dragoneer Investment Group, EQT Ventures, and others.

HackerOne will use today’s round to expand global market reach, scale its offerings, and continue to strengthen its hacker community.

The California-based company offers a platform that recruits security researchers and white hat hackers to identify security weaknesses for its more than 1,500 clients, including Twitter, Airbnb, Uber, Yelp, and the U.S. Department of Defense. Government bug bounty programs, in fact, have increased more than 2x in the last 12 months alone, during which time customers have resolved more than 30,500 security vulnerabilities.

Since it was founded in 2012, the hackers on HackerOne’s platform have found over 120,000 vulnerabilities and have been awarded over $51 million in bug bounties. With the average bounty paid for critical vulnerabilities now totaling almost $3,400, some hackers are able to make a career out of discovering bugs on HackerOne’s platform. And while it’s not explicitly in the business of making millionaires, the company has helped six hackers earn more than $1 million each by finding vulnerabilities.

David Obrand, partner at Valor Equity Partners, will join HackerOne’s Board of Directors. “HackerOne is leading a new wave of cybersecurity companies tackling the unique challenges brought on by rapid growth and more sophisticated attack surfaces,” said Obrand. “Hacker-powered security is here to stay and with its tremendous customer and hacker community, HackerOne is dominating the market. I am thrilled to be joining the Board of Directors and being a part of the next stage of growth and innovation.”

HackerOne has offices in London, New York, Singapore, and the Netherlands. In 2017, the company earned the Favorite FinDEVr Debut award for its presentation at FinDEVr New York and won the Crowd Favorite award at its FinDEVr London presentation. Mårten Mickos is CEO.

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FinovateFall Sneak Peek: Noonum

FinovateFall Sneak Peek: Noonum
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2019, FinovateFall 2019 Sneak Peek, Noonum

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

Noonum solves information overload by summarizing and contextualizing unstructured data, powered by the connected intelligence of a continually evolving semantic knowledge graph generated using artificial intelligence and natural language processing.

Features

  • News intelligence and concept exposure
  • Value chain
  • Bring your own data

Why it’s great
Get ambient and hidden intelligence to know what you don’t know. Combine external insights with internal data with bring your own data. Complete business and market research faster.

Presenters

Shankar Vaidyanathan
Vaidyanathan has more than 20 years of experience at Microsoft as an engineering leader driving the success of cloud, data, and machine learning products. He holds more than a dozen patents.
LinkedIn

Darian Parrish
Parrish has a background in engineering and an MBA in finance. Most recently he ran a systematic hedge fund. He enjoys working for agile startups and solving challenging problems for customers.
LinkedIn

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FinovateFall Sneak Peek: Finzly

FinovateFall Sneak Peek: Finzly
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2019, FinovateFall 2019 Sneak Peek, Finzly

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

Finzly (formerly SwapsTech) is focused on enabling digital banking transformation for banks of all sizes. The company is dedicated to freeing banks from the limitations of their core systems and vendors.

Features

  • Open, hyper-scalable, flexible bank operating system
  • App store ecosystem with a range of valuable banking applications on a single platform
  • Modern, omni-channel digital user experience

Why it’s great
Finzly BankOS makes it easy for banks to modernize their customer offerings and take advantage of the latest cutting edge technology with open, API-driven, digital online banking.

Presenters

Brian Anderson, Vice President, Sales and Marketing
Anderson has over 25 years of experience helping financial institutions discover, implement, and profit from the latest in fintech.
LinkedIn

Terry Howell, Chief Technology Officer
Howell is a technology leader with 20 years of experience guiding brilliant engineering teams to deliver innovative, valuable solutions to customers.
LinkedIn

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FinovateFall Sneak Peek: BreachRx

FinovateFall Sneak Peek: BreachRx
By Julie Muhn (@julieschicktanz) Posted on
Categories: BreachRX, FinovateFall 2019, FinovateFall 2019 Sneak Peek

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

BreachRx’s platform provides automation across the enterprise, enabling organizations to respond to cyber incidents efficiently and in compliance with relevant regulations, policies, and contracts.

Features

  • Incident response that is automatically tailored and up-to-date
  • One platform for all business silos that are responsible for incident response
  • One system of record for audit and regulators

Why it’s great
BreachRx will change data breach response from a crisis to a routine business process.

Presenter

Andy Lunsford, CEO
Lunsford is a privacy law expert with a decade of experience in large-scale commercial litigation. He first began working on data security issues when his firm represented ChoicePoint in 2004.
LinkedIn

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FinovateFall Sneak Peek: Kindur

FinovateFall Sneak Peek: Kindur
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2019, FinovateFall 2019 Sneak Peek, Kindur

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

In a complex, post-pension world, Kindur’s signature retirement paycheck helps modern retirees simplify managing retirement income and helps make their savings last longer.

Features

  • Analyze customers’ financial pictures
  • Use proprietary technology to build a personalized retirement paycheck
  • Sequence retirement income withdrawals to lower taxes

Why it’s great
Based on your retirement needs and goals, Kindur builds you a retirement paycheck- the ultimate simplification of managing retirement income- so your savings last longer.

Presenter

Rhian Horgan, CEO
Horgan is the CEO of Kindur and a financial industry veteran. She is on a mission to eliminate modern retirees’ number one fear– running out of money.
LinkedIn

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FinovateFall Sneak Peek: Meniga

FinovateFall Sneak Peek: Meniga
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2019, FinovateFall 2019 Sneak Peek, Meniga

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

Meniga is a global leader in digital banking solutions working with some of the largest banks in the world to improve customer engagement and develop new business models.

Features

  • SaaS banking data consolidation, enrichment, and categorization
  • Personalized rewards and offers for banking customers
  • Social responsibility by helping the planet

Why it’s great
Banking data can help save the planet.

Presenters

Ólafur Óskar Egilsson, VP of Product
Egilsson has been instrumental in leading Meniga’s product team for three years. He has extensive experience in working in fintech and banking.
LinkedIn

Isabel Moratiel, Business Development Manager
Moratiel has experience in diverse areas of fintech, SME lending, international credit scoring, and digital banking. She has been at Meniga for over three years working in business development.
LinkedIn

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FinovateFall Sneak Peek: Owl.co

FinovateFall Sneak Peek: Owl.co
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2019, FinovateFall 2019 Sneak Peek, owl.co

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

Owl.co is a customer insight engine bringing external attributes for better decision making. In just one year, Owl is working with 10 of the largest financial institutions in North America.

Features

  • Derives customer insight from thousands of databases in real time
  • Takes a fully modular approach to fit within enterprise processes
  • Surpasses regulation requirements with end-to-end encryption

Why it’s great
Owl.co offers enhanced personalized onboarding, enhanced customer due diligence, and fraud detection. All of this is available on a zero-knowledge platform where nobody but the intended party can see the data.

Presenter
Vahid Mirjalili, Co-founder and COO
Formerly at BCG, Mirjalili led a multi-million dollar digital transformation of financial institutions in Canada and the U.S.
LinkedIn

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FinovateFall Sneak Peek: VeriTran

FinovateFall Sneak Peek: VeriTran
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2019, FinovateFall 2019 Sneak Peek, VeriTran

A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.

VeriTran’s Low-Code Platform streamlines the creation, development ,and roll-out of digital business applications in record time with a visual and intuitive model and drag-and-drop interface. Creating an app with its Low-Code Platform is simple and does not require technical expertise in programming, security, graphic design, or UX to put world-class apps at an end user’s fingertips.

Why it’s great
Clients can execute in months what often takes years. A project that takes upwards of twenty-four months can be created with VeriTran in just six months.

Omar Arab, VP Corporate Business Development – U.S. Market
Arab combines advisory, creative, and technological capabilities with an innovation culture and specialist knowledge of the financial sector.
LinkedIn

Greynier Fuentes, Solutions Manager
Fuentes has 15 plus years of achievement leading areas of solutions development for financial services. He is entrepreneurial and innovative by nature.
LinkedIn

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: BreachRX, Finzly, ID R&D, Kantox, Kindur, Klarna, Meniga, NDGIT, NICE Systems, Noonum, Onfido, OurCrowd, owl.co, Quadient, Terafina, VeriTran

On Finovate.com

  • BNP Paribas to Deploy Dynamic Hedging Tech from Kantox.
  • Terafina Teams Up with Alabama’s Listerhill Credit Union.

Around the web

  • Klarna deepens ties with H&M to enable customers to shop now and pay later using the H&M app.
  • NICE’s AML and fraud SaaS solutions to power financial crime strategy for both anti-money laundering compliance and enterprise fraud protections.
  • Terafina to power Listerhill Credit Union’s omnichannel sales strategy and continue its digital transformation to increase member satisfaction and deepen relationships.
  • OurCrowd expands U.S. operations, opens office in Chicago.
  • ID R&D’s IDLive Face to power remote customer account openings and digital ID verification for Innov8tif’s EMAS eKYC.
  • ndgit and Synpulse launch international fintech marketplace in Switzerland.
  • Macrosoft joins Quadient’s Partner Advantage Program.
  • Onfido reports strong revenue growth momentum for Q2 2019; earns recognition from The Sunday Times as one of the fastest growing private companies in the U.K.

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Artivest, BLUERUSH, ClickSWITCH, Doxo, Dwolla, Hidden Levers, Plinqit

Around the web

  • Axxcess Wealth selects HiddenLevers to build asset manager allocation workflow.
  • West Community Credit Union now offers Plinqit savings app.
  • Doxo adds National Grid as new utility on its mobile and web bill payment app.
  • KKR joins Artivest’s platform for private alternative investments.
  • BlueRush sells software assets to Broadridge for $1.7 million (C$2.3 million).
  • Clickswitch moves to new headquarters in Minneapolis’ North Loop.

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Blackhawk Network, Five Degrees, Klarna, Namaste Credit, OneSpan, Telenor banka, Twisto, Xero

On Finovate

  • Twisto Raises $15 Million in Series B Funding
  • Finovate Global: Mexican Fintech Minu Makes History; India’s Namaste Credit Becomes a Neobank.

Around the web

  • Five Degrees adds OneSpan as a new partner in its Open Banking Marketplace.
  • Axiata Group Berhad and Telenor Group end merger discussions.
  • Klarna expands existing partnership with online fashion retailer boohoo group and its four brands.
  • Xero adds BP as latest partner for its Xero Connect e-invoicing solution.
  • Authority Magazine interviews Talbott Roche, CEO and president of Blackhawk Network.

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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