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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Chatbots.Studio’sBot Commerce Platform helps to connect merchants, customers, CRM, and payment providers. The platform allows SMEs to create a chatbot for different messengers and accept payments instantly.
Features
Cloud marketplace of commercial bot templates
One-click payments via Apple/GPay
Why it’s great Chatbots.Studio solves the problem of digitalization and communications with customers in smartphones for SMEs.
Presenters
Max Popov, Co-Founder & CTO at Chatbots.Studio Popov is co-founder and CTO of Chatbots.Studio. He has more than 15 years of experience in banking and fintech as Head of CRM, Cloud Technologies, and CTO. LinkedIn
Egor Avetisov, Head of Innovations at Privatbank Avetisov has more than 12 years of experience in banking and technology. He is responsible for the implementation of new technologies and collaboration with big tech companies. LinkedIn
Why it’s great Under-performing portfolios will soon be a thing of the past, thanks to Revest.
Presenter
Danny Kabakibo, Revest CEO/CTO Kabakibo, an entrepreneur and a software engineer since age 10, is obsessed with cultivating innovative technological solutions to ambitious problems.
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Evident Systems helps financial institutions of all sizes transform into fully real-time organizations: payments, operations, security, and customer service. The company’s first product is Evident Cloud RTP.
Features
Rapid, self-service onboarding to the Real-Time Payments Network
Secure integration with core systems of record
Automated test infrastructure
Ongoing monitoring
Why it’s great Evident Systems has partnered with The Clearing House as one of the first Third-Party Service Providers. Your account holders shouldn’t wait for Real-Time Payments: start today with Evident Cloud RTP!
Presenters
Bobby Calderwood, Founder of Evident Systems Before founding Evident Systems, Calderwood was a distinguished engineer on the technology fellows team at Capital One. He is an expert in real-time, event-driven financial information systems. LinkedIn
Keith Gray, Vice-President of RTP Strategic Partnerships at The Clearing House Gray is VP of The Clearing House over RTP Network Strategic Partnerships, which are critical to the success of RTP since many financial institutions will leverage RTP via a technology partner. LinkedIn
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 debutedHorizon, a data visualization framework for banking executives.
Bug bounty and vulnerability disclosure platform HackerOneannounced 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.”
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
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
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
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
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
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
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
VeriTran’sLow-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
