Author: Julie Muhn (@julieschicktanz)

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Karma, Dwolla, ebankIT, FlexScore, Striata, Vantiv

On Finovate.com

  • “Credit Karma Unveils New Mobile App Design”
  • “United Capital Acquires FlexScore“

Around the web

  • Striata launches Secure Document Repository solution in the U.S. marketplace.
  • Credit Karma launches redesigned iOS and Android apps.
  • Vantiv Integrated Payments announces the second phase of its Security Pays initiative.
  • KPMG recognizes ebankIT as one of its top 10 “Emerging Stars” in the global market.
  • CoinDesk looks at Dwolla and its new focus on the blockchain.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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Modo Payments Closes $2 Million in Funding

Modo Payments Closes $2 Million in Funding
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Modo Payments

ModoHomepage

Payments connection startup Modo Payments closed on a fresh $2 million in funding this week.

Notable contributors to the round include:

  • Tim Keith: CEO of Central Texas Partners
  • John Beletic: partner at Oak Investment Partners
  • Jay Kassing: owner of fintech company Marquis

ModoCOINToday’s round, when added to the Texas-based company’s 2014 Seed round of $2 million, brings its total funding to $4 million.

The Dallas Business Journal discussed Modo’s growth with the startup’s CEO Bruce Parker, who stated, “Over the course of the year, we’re looking to double on almost every dimension*…. Last year, we did $1.7 million in bookings.”

Additionally, Parker noted that Modo will partner with a PayPal competitor this spring, connecting it to U.S. retailers.

Modo’s new initiative, dubbed COIN, works as the “plumbing” in the payments industry. COIN sends money from just about any source, whether it’s a legacy system or new, cloud-based system, and delivers it to any destination. Modo describes COIN as a “shipping container” for intermodal payments.

Modo CEO Bruce Parker describes COIN in his FinDEVr San Francisco presentation titled, Mobile Payments are Dead . . . Long Live Digital Payments.

ModoDEVr15Demo

Modo CEO Bruce Parker at FinDEVr San Francisco 2015.

*Meaning everything from bookings to employees.

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Akamai’s New Bot Manager Offers Insight into Bot Activity

Akamai’s New Bot Manager Offers Insight into Bot Activity
By Julie Muhn (@julieschicktanz) Posted on
Categories: Akamai

AkamaiHomepage

Akamai, a security company that helps businesses secure and deliver online content and applications, introduced a new offering today, the Akamai Bot Manager.

The new product comes in response to a recent finding that more than 60% of a company’s web traffic may be generated by bots.

BotMGR

Bot activity consists of anything from screen scraping, to automated clicks, to illegitimate transactional activity. While bot activity is considered part of the cost of doing business, it is difficult for companies to determine exactly what that cost is. Bot Manager educates companies about what types of bot traffic are frequenting their site, and offers remediation to help businesses make decisions and take action.

As Stuart Scholly, SVP & GM of Akamai’s Cloud Security Solutions explains, “We’re giving our customers the power and flexibility to put a true bot management strategy in place that best fits their business goals and objectives.”

Bot Manager will be commercially available at the end of this month.

At FinovateEurope 2015, the company launched its Client Reputation service designed to help FIs forecast security issues and protect against DDoS attacks, web attackers, screen scrapers, and scanning tools.

Akamai was founded in 1998 and is based in Cambridge, Massachusetts. Dr. Tom Leighton is CEO.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Aerospike, FinDEVr APIntelligence, Markit, Mitek, Venmo, VISA, Wallaby Financial

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

The latest from FinDEVr San Francisco 2015 presenters

  • Aerospike unveils version 3.7 of its NoSQL database.
  • Mitek to combine its Mobile Verify solution with fraud prevention and risk management technology from IdentityMind Global.
  • Wallaby’s Chrome 2.0 provides access to credit card advice in the browser.
  • Markit acquires systems integration technology from JP Morgan.

Alumni updates

  • VISA launches consumer transaction controls for card-issuing FIs.

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

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Venmo Processes $1 Billion in January

Venmo Processes $1 Billion in January
By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, PayPal, Venmo

VenmoHomepage

If there was ever a question if Venmo has achieved mainstream status, today’s news has the answer: The startup – owned by online payments processing company Braintree, which PayPal purchased for $800 million in 2013 – just exceeded $1 billion in payments processed in the month of January, the highest volume in a single month.

This is more than 2.5x the volume Venmo processed in January 2015 and more than 10x the amount processed in 2014.

Venmo’s short blog-post announcing the news doesn’t comment much on the achievement, other than to say, “We thought this was a pretty big milestone, so we wanted to share it with you.”

GametimeVenmoThe startup’s peer-to-peer payments service is popular among millennials. It enables users to link their debit card to the platform to transfer money for free; paying with a credit card carries a 2.9% fee. PayPal CEO Dan Schulman reports the average user sends money through the app several times weekly.

This week’s announcement comes on the heels of Venmo’s report that it plans to start monetizing its service by opening Braintree’s iOS v4 SDK and Android v2 SDK to U.S. merchants. Payments will be free for end users, and merchants will be charged 2.9% plus $0.30 for each transaction. Food delivery service Munchery and event ticket seller Gametime (pictured right) are piloting the program with a limited number of beta users.

Braintree debuted Venmo Touch at FinovateSpring 2013. More recently, at FinDEVr San Francisco 2015, PayPal’s Justin Woo discussed how developers can increase checkout conversion.

You can catch Braintree’s latest presentation to developers at FinDEVr New York 2016 next month. Register now to save your seat or send your developer.

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FinovateEurope 2016 in the Press

FinovateEurope 2016 in the Press
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016

FEUNetworking

We’re surfing a wave of momentum from FinovateEurope last week. The sold-out show, dubbed by Business Insider as the “debutante ball for innovative financial technology startups,” featured new fintech from 70 companies. The ideas that flowing from onstage offered analysts, bloggers, and press plenty to write about.

If you missed it, you can check out our live coverage on Twitter.

Here is what the press is saying:

Aite
FinovateEurope 2016: A Change of Approach
By Virginie O’Shea

Aixigo
7 Minutes of Fame or How it Feels to be at FinovateEurope
By Mario Alves

Arctic Startup
Norwegian Startup Unveils First Savings Service For Women
by Tarmo Virki

BankInnovation
Breaking Banks: Finovate and London FinTech [AUDIO]

BankNXT

Benzinga
This Benzinga Fintech Award Nominee Just Won ‘Best In Show’ At Europe’s Largest Fintech Conference

bobsguide

Business Insider

Business.com
Top FinTech Trends, Fresh From Finovate Europe 2016

Byte Academy

Chris Skinner’s Blog
Reflections on Finovate Europe 2016
By Chris Skinner

Crowdfund Insider

Der Brutkasten
Change FinTech Startups Rules in the Fight Against Fraudsters
By Fabian Graber

Directors Talk Interviews
Q&A with Jeremy Nicholds, the new Non-executive Director at Vipera Plc
By Amilia Stone

Ewise blog
FinovateEurope: the place to be if you’re a fintech enthusiast
By Dean Young

Financial Observer
Opinion – Global players seek out fintech partners
By Mark Fordree

Financial Planning
More Risk than Reward for Early Tech Adopters
By Miriam Rozen

Finance Magnates
Finovate Europe: Fintech’s ‘Give-and-Take’ With Institutions Shifting
By Anna Reitman

Finextra

FindBiometrics

Fintech Finance
FinovateEurope video series

The Fintech Times
Finovate
By Bird Lovegod

Forrester’s Benjamin Ensor’s Blog
Finovate 2016: Automation and Personalization Take Centre Stage
by Benjamin Ensor

Forrester’s Oliwia Berdak’s Blog
The Gods of Fintech Are Harsh And Fickle
By Oliwia Berdak

FStech
Finovate Europe 2016 winners announced

Het Financieele Dagblad
Nederlandse start-ups presenteren zich in Londen aan financiële sector
By Rutger Betlem

HTEKONOMI
Finovate Londra’ya FinTech katıldı

IBSintelligence
Finovate 2016 round-up: biometrics, blockchain and deep web risk assessment
By Alex Hamilton

IT Finanzmagazin
Innovative financial and banking technology: Finovate Europe 2016 in London – FinTech for banks
Sven Korschinowski

Inn Poland
Polskie firmy w awangardzie technologii finansowych
By Barbara Żbik

Jewish Business News
Capitali.Se Wins Finovate Europe ‘Best In Show’
By Viva Sarah Press

L’Atelier
#Finovate : la carte du futur sera un ordinateur à part entière
By Aurore Geraud

Medium
FinovateEurope & Social Data
By Noel Peatfield

Mondato
Fitnech: London’s New Big Bang?

MoneyMorning
I Might Have Found the Next ‘Xero’ at Europe’s Best FinTech Conference
By Sam Volkering

Nasdaq
More Risk than Reward for Early Tech Adopters

Nic Sheen’s Blog
Finovate Day 1

NoCamels News Flash
Fintech Startup Capitalise Wins Finovate Europe Competition

Nostrum Group blog
Nostrum Reports on Finovate Europe Day 1

The Official English Blog of the Krakow Start-Up Scene (K’Sup)
VoicePin Wants You to Throw Away your Passwords
By Paul Chen

Octo Talks
FinTech – Finovate 2016 Londres – notre résumé
By Sylvain Fagnent

PaymentEye
What will be the hottest trends of 2016?
By Ben Rabinovich

Polskie Radio

ShiftDelete.net
FinTech İstanbul, Finovate Londra’da

Silicon Republic
Israeli fintech AI start-up wins Finovate Europe ‘Best in Show’
By Colm Gorey

TeknoYo!
FinTech İstanbul uluslararası ilk adımını Londra’da attı

Time Turk
Finovate Avrupa 2016 Konferansi

Tech in Asia
A fintech VC on the best startups at a less-than-stellar Finovate London
By Vladislav Solodkiy

Verdict Financial

VoicePIN blog
Finovate Europe 2016

Webrazzi
FinovateEurope 2016, Avrupa’nın finansal teknoloji girişimlerini ağırladı
By Firat Demirel

World Finance
Finovate 2016

We’ll update the list as more press comes in. If you’ve published a piece you’d like us to include, please email the link to research@finovate.com.

Thanks to everyone for attending, presenting, and covering the conference on Twitter and in the press. We’re already looking forward to next year’s event!

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, AdviceRobo, Billhighway, eWise, Fiserv, Lending Club, NICE Systems, planwise, Prosper, SafetyPay, Temenos, wipro

On Finovate.com

Around the web

  • AdviceRobo nominated to European Fintech 100 rankings.
  • KeyBank selects NICE Actimize for Enterprise Fraud Solutions.
  • ACI Worldwide announces joining real-time payment initiative launched by The Clearing House.
  • Temenos reports 23% profit gain in FY 2015; says developed markets driving growth.
  • Wipro buys U.S.-based HealthPlan Services for $460 million.
  • ProgrammableWeb features Planwise in its Daily API RoundUP.
  • Prosper raises rates on loans.
  • SafetyPay reports 2015 growth: opened offices in Chile and Ecuador, now operates in 19 countries.
  • Lending Club now offers TurboTax integration for Form 1099s.

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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Welcome to FinovateEurope 2016: Day 1

Welcome to FinovateEurope 2016: Day 1
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016

FEUStageIMG

FinovateEurope is finally here, and if you’ll be sitting in the audience today, you’re part of the largest FinovateEurope audience in history!

The first demo session kicks off at 8:45, so grab a cup of coffee and find a seat in the auditorium.

Here are a few key things to remember:

  • Wifi network is FinovateEurope 2016 (no password required)
  • We’ll be live-tweeting throughout the event. Follow @Finovate and tag your tweets #Finovate.
  • Download our event app (search Finovate in the Bizzabo app) to connect with other attendees, view information about the presenters, and more.
  • Lunch is at noon. Buffet tables are downstairs. If you’re looking for a quick option, grab a boxed lunch on the mezzanine level.

Here is the demo lineup for today:

Demo session 1: 8:45 a.m. – 10:15 a.m.

Demo session 2: 10:45 a.m. – 12:05 p.m.

Demo session 3: 1:00 p.m. – 2:20 p.m.

Demo session 4: 2:50 p.m. – 4:10 p.m.

Stay tuned to Twitter for more live coverage. We’ll see you all tomorrow at 8:45 a.m. when the first demo session begins.

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FinovateEurope 2016 Begins Tomorrow (Update SOLD OUT)

FinovateEurope 2016 Begins Tomorrow (Update SOLD OUT)
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016

IMG_6014

FinovateEurope 2016 starts tomorrow at 8:00 AM so we’re spending the day rehearsing the demos with the 71 presenting companies. This will be our largest European event to-date and will be packed with new technologies and plenty of networking opportunities.

Here’s what you need to know:

  1. Arrive early to get the perfect seat.
  2. Registration opens at 8:00 AM and the first demo will begin at 8:45 AM in the demo hall at the Old Billingsgate Market (directions).
  3. Download our event app (search Finovate in the Bizzabo app) to connect with other attendees, view information about the presenters, and more. 
  4. Regular tickets are sold out, but a few tickets for the second day only are available here. 

Agenda

Screen Shot 2016-02-08 at 7.52.54 AM Screen Shot 2016-02-08 at 7.53.06 AM

For specific questions, visit our FAQ at the bottom of the event site or email europe@finovate.com.

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Revolut Pulls in $4.8 Million

Revolut Pulls in $4.8 Million
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Fundings, Revolut

Screen Shot 2016-02-05 at 6.06.43 PM

London-based Revolut launched in 2014 under the premise that people should not be charged for spending and transferring their own money in a different currency. This week, the startup closed a $4.8 million round of funding.

The round was led by Balderton Capital. Additional contributors include: Index Ventures, Point Nine Capital, Seedcamp, and Venrex Investment Management.

Combined with the startup’s previous investments, this round brings its total funding to $7.6 million.

In January, Revolut launched version 2.0 of its personal money cloud. Its redesigned app is focused on offering transparency while maintaining an intuitive user experience.

The company’s CEO and Founder Nikolay Storonsky, and CTO Vlad Yatsenko debuted Revolut at FinovateEurope 2015 in London.

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A Cartographer’s Guide to FinovateEurope

A Cartographer’s Guide to FinovateEurope
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016

If you’ve already registered for FinovateEurope, you’ve probably already seen the list of 71 presenting companies that will showcase on 9 & 10 of February at the event in London (if you haven’t registered yet, there’s still time).

For a unique view of the demoing companies, take a look at our presenter map that shows where each company is headquartered:

FEU16PresenterMapFinal.small

The 71 presenting companies represent 20 different countries:

  • 17 are North America-based companies bringing their innovations to Europe
  • 11 are based in the U.K.
  • 6 are Swiss, the country with the densest concentration of presenters

The event is only a few days away, so it’s time to start planning your trip. Here are a few tips:

  1. Register today. This year will be our largest FinovateEurope audience yet and tickets are going fast
  2. Download our event app (search Finovate in the Bizzabo app) to connect with other attendees, view information about the presenters, and more
  3. Check out our Sneak Peek series for a preview of select demos
  4. For specific questions, visit our FAQ at the bottom of the event site or email europe@finovate.com

FinovateEurope 2016 is sponsored by The Bancorp and KPMG.

FinovateEurope 2016 is partnered with Acuity Market Intelligence, Aite Group, Bank Innovators Council, BankersHub, BayPay Forum, bob’s guide, Byte Academy, Canadian Trade Commissioner Service, Celent, The Cointelegraph, CrowdReviews, Digital Currency Council, Emerging Payments Association, Financial Services Club, Fintech Finance, The Fintech Times, Harrington Starr, IDC Financial Insights, Mapa Research, Mercator Advisory Group, The New Economy, Payments & Cards Network, PitchBook, Plus Journal, SME Finance Forum, techUK, The Paypers, Verdict Financial, and World Finance.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avalara, FinDEVr APIntelligence, Markit, Mitek, Nexmo, On Deck Capital, Thinking Capital, Tradier

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today and save $200 through Friday.

The latest from FinDEVr San Francisco 2015 presenters:

  • Thinking Capital to power new “Staples Business Loans” program for small businesses in Canada.
  • Markit lands three new customers for its KY3P (Know Your Third Party) platform.
  • LandedCost from Avalara helps SMEs navigate international taxes, tariffs, and fees.
  • American Banker: OnDeck Capital adds former E-Trade exec to board.
  • Mitek partners with Harland Clarke to improve RDC security.

Alumni Updates:

  • Online trading platform Investfly integrates with the Tradier brokerage API.

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

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