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FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • “What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner”
  • “Chain Launches Open Source Blockchain Protocol”

The latest from FinDEVr New York 2016 presenters

  • PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year.
  • Infosys Finacle teams up with Samsung SDS to give mobile banking customers better authentication technology.
  • A look at APIs in the robo-adviser industry by Bank Innovation underscores the role played by Xignite.
  • PYMNTS interviews Hyperwallet CEO Brent Warrington.

Alumni updates

  • Bluefin Payment Systems integrates Visa Data Secure Platform into its portfolio.
  • Xero for Payroll goes live in Pennsylvania, making the technology available in a total of 22 states.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

mCASH Pivots to AUKA, Launches Mobile Payments Services Across Europe

mCASH Pivots to AUKA, Launches Mobile Payments Services Across Europe

AukaHomepage

Mobile payments platform Auka launched its services in Europe after pivoting* from mCASH earlier this year.

Auka has built a payment infrastructure entirely on the Google Cloud Platform and is the first fully licensed and regulated financial company to do so. The company’s platform-as-a-service model takes only three months for a bank to integrate. The payments infrastructure connects banks to consumers and merchants with white-labeled P2P payments, POS solutions, and merchant services.

This news comes just after the European Parliament approved the Payment Service Directive and Access to Accounts initiative, which will require banks to make their APIs available to third parties, thus opening the once-restricted payment system to the open markets. This means it’s in a bank’s best interest to offer an easy-to-use API to avoid losing out on transaction revenue. Auka CEO Daniel Döderlein explains:

Banks need to be prepared to use the Access to Accounts (XS2A) provision within the new regulations to its full extent. It’s not just about complying with requests to provide their API, but building the kind of sticky, high-frequency use services that they can then plug their rivals’ APIs into, ensuring that they are the brand that customers have facetime with.

Auka launched as mCASH in 2014 and has 17 bank customers with thousands of merchant clients. The Norway-based company debuted at FinovateFall 2014.

Google Cloud Platform presented its Big Data secret at FinDEVr San Francisco 2014.


*Auka is the parent company of mCASH, which was acquired by the second largest bank in Norway. mCASH kept the rights to all IP outside of Norway and rebranded that company to Auka.

Finovate Alumni News

On Finovate.com

  • “mCASH Pivots to AUKA, Launches Mobile Payments Services Across Europe”

Around the web

  • IBM launches quantum computing as a cloud service. See IBM demo next week at FinovateSpring.
  • CGI Group adds Ripple Connect to its Intelligent Gateway at Payments.
  • Bluefin Payment Systems integrates Visa Data Secure Platform into its portfolio.
  • BBVA Compass cardholders gain access to Android Pay and Samsung Pay.
  • “GreenKey Appoints Richard Garnier Chief Revenue Officer”

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.

Fiserv and INETCO Team Up to Enhance ATM Management

Fiserv and INETCO Team Up to Enhance ATM Management

FiservHomepage

Financial services giant Fiserv and transaction monitoring and analytics provider INETCO announced a partnership today that will benefit both parties.

Wisconsin-based Fiserv will act as a reseller for INETCO’s Insight and Analytics solutions, offering the products to ATM and self-service operators. INETCO, in turn, will integrate its real-time transaction data and analytics content into Fiserv’s Device Manager monitoring solution.

inetcoHomepage

Incorporating INETCO’s data analytics into Fiserv’s Device Manager solution will help ATM network managers increase the availability of devices and number of successful transactions by improving fault management, service management and troubleshooting. Additionally, the alerts offer managers visibility into transaction activity and the availability of currency across their network.

INETCO’s Marc Borbas, VP product marketing, and CFO Dallas Pretty debuted INETCO Analytics at FinovateSpring 2015. Last month BECU won the 2016 Celent Model Bank award in part for its INETCO-powered transaction-data streaming and transaction-analytics capabilities.

Fiserv showed off Mobiliti Enterprise at FinovateFall 2015 in New York and will debut its latest set of tools next week at FinovateSpring in San Jose. There’s still time to register—but hurry, there’s not much time left.

Finovate Alumni News

On Finovate.com

  • “Zooz Raises $24 Million in its Largest Funding”
  • “Fiserv and INETCO Team Up to Enhance ATM Management”

On FinDEVr.com

  • “What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner”

Around the web

  • U.K.’s oldest bank, C. Hoare & Co, goes digital with Backbase.
  • “Crowdfund Insider: CAN Capital Forms Agreement with Entrepreneur to Provide SME Loans”
  • Huffington Post names Tactile Finance on its list of 15 women-led startups to watch in 2016.
  • Qumram opens offices in London and San Francisco. See Qumram at FinovateSpring in San Jose next week.
  • Core banking solutions from Wipro to power Paytm’s new payments bank.

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.

Cardlytics Launches Syndicated Audiences

CardlyticsHomepage

Consumer-purchase intelligence company Cardlytics launched Syndicated Audiences to help marketers identify and reach their target audience. This is the second product rollout in the Atlanta-based company’s Product Solutions suite, which we covered earlier this year.

The new tool draws purchasing data from $1.5 trillion in consumer credit, debit, ACH, and billpay spend to go beyond identifying consumers by demographic to identify how they spend.

Cardlytics CMO Dani Cushion describes the impetus behind the new offering:

Marketers want better tools to help them more precisely reach the right consumers. We believe past purchases are the best indicator of future purchases, and Cardlytics’ Syndicated Audiences uses our proprietary purchase intelligence to help marketers improve the targeting accuracy of their campaigns.

Syndicated Audiences will originally focus on category buyers such as casual dining customers, frequent travelers and specialty grocery shoppers. Combined with Cardlytics’ Custom Audiences product, marketers can use Syndicated Audiences to segment audiences based on complex criteria, for example, consumers who spend with a brand’s top three competitors.

According to Media Post, Syndicated Audiences has launched with its first demand-side platform partner, The Trade Desk, and more partnerships are in the works.

Cardlytics demoed its geolocation application at FinovateFall 2013.

Finovate Alumni News

On Finovate.com

  • “Cardlytics Launches Syndicated Audiences”

On FinDEVr.com

  • Chain Launches Open Source Blockchain Protocol.

Around the web

  • ReadWrite features Tyfone’s launch of a new challenge at MIT focused on Internet of Things (IoT) security.
  • “Lending Club CEO Renaud Laplanche Receives Tribeca Disruptive Innovation Award”
  • Cointelegraph interviews Alexander Vityaz, founder of Corezoid and head of e-commerce at PrivatBank.
  • PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year.
  • Infosys Finacle teams up with Samsung SDS to give mobile banking customers better authentication technology.
  • A look at APIs in the robo-adviser industry by Bank Innovation underscores the role played by Xignite.
  • “Kasasa Wins Multiple Hermes Creative Awards”
  • Pendo Systems unveils version 3.1 of its data exploration, discovery, and analysis platform.

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.

FinovateSpring Sneak Peek: Fiserv

FinovateSpring Sneak Peek: Fiserv

FiservHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Fiserv delivers deep expertise and innovative solutions to help financial institutions, businesses, and consumers move and manage money faster and with greater ease than ever before.

Features:

  • End-to-end new customer account opening
  • Leverage the mobile device to simplify and streamline the account-opening process
  • Digital marketing offers to incentivize account opening

Why it’s great
By utilizing proven mobile banking and payments technologies from Fiserv, financial institutions can deliver a rich and compelling banking experience across digital and physical channels.

Presenters

Andrew Barnett, Senior Technical Consultant

David Carr, Innovation Manager

FinovateSpring Sneak Peek: Chip Shield

FinovateSpring Sneak Peek: Chip Shield

ChipShieldHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Chip Shield is a new product being launched at Finovate. We are working to expand the use of EMV chip technology and tokenization to protect consumers’ payments and identity in the online world.

Features:

  • EMV chips can eliminate online fraud by proving the card is present
  • Account takeover can be stopped by unlocking accounts with a chip card
  • EMV authentication simplifies account tokenization

Why it’s great
EMV chip technology is already in your wallet and provides a reliable way to electronically verify your identity. We enable online customers to protect their payments and identity using EMV security.ChipShieldPresenter1

Presenters

David Marsyla, CEO
Marsyla is CEO and founder of Chip Shield. Prior to founding Chip Shield, he was CTO and co-founder of DeviceAnywhere, which he sold to Keynote Systems in 2011.
LinkedIn

J C Ramey, VP Business Development ChipShieldPresenter2
Ramey leads business development for Chip Shield. Prior to that, he also worked at DeviceAnywhere as worldwide head of sales and business development.
LinkedIn

FinovateSpring Sneak Peek: Earnix

FinovateSpring Sneak Peek: Earnix

EarnixHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

With Earnix Banking, bankers can leverage customer predictive analytics to align product and pricing decisions with corporate revenue, volume, and risk goals.

Features:

  • Predictive pricing analytics engine improves performance of lending and deposit portfolios
  • Offline workbench integrated with an online execution engine
  • Self–sufficiency; no “black box” element

Why it’s great
Improve customer lifetime value with data-driven product and pricing decisions while assuring you reach your corporate revenue, volume and risk goals.

EarnixPresenter1Presenters

Aviv Cohen, VP Marketing
With a flair for innovation and creativity, Aviv Cohen has been leading product and marketing teams in global enterprise software organizations for the past 15 years.
LinkedIn

EarnixPresenter2Marc Trudeau, Principal Consultant, Banking 
Marc Trudeau has been helping banks optimize their customer experience and improve pricing strategies in leading roles with Earnix, Acxiom, CEB and Capital One.
LinkedIn

FinovateSpring Sneak Peek: Cyberfend

FinovateSpring Sneak Peek: Cyberfend

CyberfendHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Cyberfend’s Bot Detection solution offers robust, real-time security for your web and mobile applications by defending against sophisticated attacks, fraudulent activity, stolen credential abuse and fake signups with near-zero false positives.

Why it’s great
Cyberfend’s bot detection is the most comprehensive bot/automation detection service available in the market today. We protect nearly a billion login and payment transactions every month.

Presenter: Sreenath Kurupati, Co-founder, CEO
Prior to founding Cyberfend, Sreenath Kurupati was the chief architect in Digital Home Group and the leader in computer vision technology at Intel. His education includes IIT-Kanpur and NCSU.

FinovateSpring Sneak Peek: Finovera

FinovateSpring Sneak Peek: Finovera

FinoveraHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Finovera is the face of the new digital bill-management and -payment experience from a customer perspective. Designed for banks, Finovera brings simplicity, convenience and control to your customers.

Features:

  • User experience—double or triple customer engagement compared to bill pay
  • Offer credit/debit card bill pay for instant payment to increase customer loyalty
  • Generate interchange fee and reduce cost

Why it’s great
Innovative financial institutions can leverage Finovera to turn bill pay on its head and redefine the new bill-management experience by bringing simplicity, convenience and control to their customers.

PresentersFinoveraPresenter1

Purna Pareek, Founder and CEO
SVP/GM at Fiserv, founded AdviceAmerica, a leader in Wealth Management solutions, acquired by Fiserv. Founded Apptivity, acquired by Progress Software, Architect at Informix/IBM.
LinkedIn

Amanda Zepeda, Marketing Manager