Blog - Page 207 of 1289

How PrizmDoc’s Hybrid Viewing Enhances FinTech Applications

By Julie Muhn (@julieschicktanz) Posted on December 14, 2022
Categories: Sponsored

The financial services industry has seen a breathtaking amount of innovation over the last
decade thanks to fintech applications that streamline user experiences and improve
operational efficiencies. Many of these solutions incorporate third-party viewing integrations
that allow people to view and manage documents, eliminating the need to switch back and
forth between different software.

Implementing specialized viewing technology saves time and resources during the development
process so fintechs can get their products to market faster. By selecting the right integration
partner from the beginning, they can put themselves in a position to scale capabilities in the
future without suffering unexpected costs or compromising performance.

Viewing Integrations and the Problem of Scale

Fintech developers often turn to API-based viewing integrations like Accusoft’s PrizmDoc
because they provide the tremendous power and flexibility that modern financial services
applications require. Whether it’s file conversion, robust annotation, document assembly, or
redaction, fintech software must be…

ING Selects Paysafe for Cash Deposits and Withdrawals

By Julie Muhn (@julieschicktanz) Posted on December 14, 2022
Categories: Daily news, ING Bank

ING Germany has tapped Paysafe's cash arm, viafintech, to offer its users cash deposit and withdrawal services. Using ING Germany's Banking to Go app, customers can deposit and withdrawal cash at more than 12,500 participating brick-and-mortar stores. Withdrawals are free, but customers will be charged a 1.5% fee on the total amount they deposit.

Global payments platform Paysafe announced today that its cash arm, viafintech, has partnered with ING Germany. Under the agreement, ING Germany will leverage viafintech for its cash deposit and withdrawal features.

viafintech's technology will enable ING Germany to offer its nine-plus million customers to access a new feature, ING Cash, in its Banking to Go app. The tool will empower users to make cash deposits or withdrawals from their current account at participating brick-and-mortar retailers.

Here's how it works: a customer decides how much they want to withdraw or deposit, and the app generates…

FinovateEurope’s Alumni Alley: Innovations in SaaS Accounting, the Evolution of eDoc Delivery, and the Challenge of Digital Identity

By David Penn Posted on December 13, 2022
Categories: Direct ID, FinovateEurope 2023, MiiCard, Striata, Xero

Alumni Alley is the latest addition to our upcoming FinovateEurope conference in March. This new feature is exclusively for FinovateEurope alums, and will give these companies a unique opportunity to share their latest innovations in a special showcase at the event. Learn more about FinovateEurope's Alumni Alley and see if it's a fit for you!

This week we continue our commemoration of FinovateEurope's earliest alums with a look at SaaS accounting platform innovator Xero, digital communications provider Striata, and digital identity pioneer miiCard - now DirectID.

Your Cloud Accounting Platform Hero, Xero

Believe it or not, there was once a debate about whether or not accounting technology truly qualified as fintech. Helping make the case were companies like Xero, a Wellington, New Zealand-based startup, founded in 2006, that was bringing its SaaS accounting solution to small businesses and their accountants around the world. When the company…

Insurtech Oyster Raises $3.6 Million

By Julie Muhn (@julieschicktanz) Posted on December 13, 2022
Categories: Daily news

Insurtech company Oyster received $3.6 million in seed funding. The round was led by New Stack Ventures. Oyster was founded in 2021 by Blend, Stripe, and Strategy& alumni Vic Yeh, Jon Patel, and Nikhil Kansal.

Insurtech company Oyster received $3.6 million in funding this week. The Seed Round was led by New Stack Ventures with contributions from Global Founders Capital, Conversion Capital, Cambrian Ventures, SNR VC, Kearny Jackson, Valia Ventures, Interlace Ventures, V1 VC, and a group of angel investors.

Oyster a new take on insurance. It provides merchants an embedded insurance tool to integrate into their point-of-sale that offers customers insurance for a good or service they are about to purchase. Oyster will use today's investment to fuel its point-of-sale insurance platform and add more merchant partners. The company's list of merchant partners currently includes Bulls Bikes, Jewels by Grace, Zooz Bikes, Bario Neal, Area 13 Ebikes, and The New Wheel.

"You…

Salt Edge and ebankIT Team Up to Help Financial Institutions Maximize the Opportunity of Open Banking

By David Penn Posted on December 13, 2022
Categories: Alumni News, Daily news, ebankIT, Salt Edge

A pair of Finovate alums -- Salt Edge and ebankIT - have teamed up to help financial institutions leverage open banking to provide more services to customers. The partnership will enable ebankIT's bank and credit union clients to access accounts from more than 5,000 financial institutions. Salt Edge is headquartered in Toronto, Ontario, Canada. ebankIT is based in Porto, Portugal.

A newly announced partnership between Finovate alums ebankIT and Salt Edge will help financial services companies in Canada, Europe, and elsewhere to maximize the opportunity of open banking. The partnership will enable ebankIT to empower banks and credit unions to access accounts from more than 5,000 banks. At the same time, working with Salt Edge - an ISO 27001 certified company licensed as an AISP under PSD2 - will ensure that open banking compliance requirements across regions will be fulfilled.

"At ebankIT, we understand that Open Banking is the…

I Was Wrong: 2023 Fintech Predictions Edition

By Julie Muhn (@julieschicktanz) Posted on December 12, 2022
Categories: Julie's Column, Thought Leadership

What does it take to be a fintech analyst? You have to be willing to get things wrong on occasion. Along with that, you need to be able to admit when you're wrong. This becomes most apparent every December, when it comes time to share predictions on what the fintech industry can expect in the coming year.

Many of my predictions for 2023, which you can find published in this month's eMagazine, were shaped from looking back at the trends I predicted for the latter half of 2022. Here's a look at some of those trends, along with an assessment of how I did and a prediction for how the trend will fare in 2023.

Prediction #1: Beginning the era of “neo super apps”

How I did:
Wrong. With every other fintech company claiming to be a super app these days, this prediction is slightly subjective. In my…

Thoma Bravo Acquires Business Spend Management Firm Coupa Software for $8 Billion

By Julie Muhn (@julieschicktanz) Posted on December 12, 2022
Categories: Daily news, Mergers & Acquisitions

Thoma Bravo has acquired business spend management software company Coupa for $8 billion. The deal is expected to close in the first half of 2023. The acquisition follows rumors that Vista Equity Partners had planned to acquire Coupa earlier this year.

Private equity firm Thoma Bravo announced this week it is scooping up business spend management software company Coupa for a total of $8 billion. The all-cash transaction will make Coupa a privately held company and is expected to close in the first half of next year.

Coupa was founded in 2006 to offer businesses spend management solutions that help them view and control their indirect spending. Some of the company's business spend management tools include e-invoicing, travel and expense management, spend analysis, treasury management, and more. Coupa went public in 2016 and has a current market capitalization of $5.98 billion.

"For more than a decade, we've been building an…

Finovate Global Australia: CBA Launches Tech Hub, ANZ Plus Reaches 100K Customer Milestone, Aussie Regulators Target AMEX

By David Penn Posted on December 9, 2022
Categories: Alumni News, Daily news, Finovate Global

Commonwealth Bank of Australia Launches Tech Hub in Brisbane

Over the summer, Australia's Commonwealth Bank (CBA) unveiled its latest technology hub in Melbourne. This week, we learned that the financial institution's hub-building game is still strong, with word that that CBA has established another technology hub, this time in the city of Brisbane.

The goal of the new hub, located in Brisbane's central business district, is to help build the technology community in Queensland writ large. The bank is collaborating with The University of Queensland (UQ), Queensland University of Technology (QUT), and TAFE Queensland to enable students and graduates to participate in CBA's Tech Associates and Graduate programs. The new hub will also create job opportunities for technology professionals including engineers, cyber specialists, and data scientists.

Commonwealth Bank of Australia Chief Information Officer Brendan Hopper pointed to COVID era trends as one reason why CBA has become especially interested…

The Future of Instant Payments: Our Conversation with Bernadette Ksepka of FedNow

By David Penn Posted on December 8, 2022
Categories: FinovateEurope 2023, Speaker series

What innovations are making their way to the payments space in the U.S.? How will the new FedNow Service impact the current payments infrastructure when it goes online in 2023? What can fintechs do to prepare themselves and get involved with a post-FedNow payments landscape?

This year at FinovateFall, we talked with Bernadette Ksepka, Assistant Vice President and Deputy Head of Product Development with the FedNow Service at the Federal Reserve System. With the launch of the FedNow Service drawing nearer, Ksepka helped put the challenges and opportunities in perspective.

On the promise of the FedNow Service

The Federal Reserve banks are developing an instant payment service for financial institutions of all sizes, across every community in the United States, to be able to offer safe and efficient instant payments to their customers, 24x7, 365 ... Recipients of those funds are going to be able to have full access…

BondIT Secures $14 Million in Funding in Round Led by BNY Mellon

By David Penn Posted on December 8, 2022
Categories: Alumni News, BondIT, Daily news, Funding

Fixed income technology innovator bondIT has raised $14 million in new funding. The investment round was led by BNY Mellon and brings bondIT's total equity capital to more than $32 million. bondIT made its Finovate debut at FinovateFall in 2016.

Credit analytics and fixed income technology company bondIT has raised $14 million in new funding. The strategic investment was led by BNY Mellon and featured the participation of existing investors, as well. BNY Mellon will join bondIT's Board of Directors as part of the investment. Valuation information was not provided when the funding was announced but, according to Crunchbase, the funding brings bondIT's total equity capital to more than $32 million.

"This investment will help us accelerate innovation and offer clients a unique holistic solution for fixed income investing," bondIT founder and CEO Etai Ravid said. "As bond investors are keen to lock in higher yields, our versatile technology…

AvidXchange Taps Wise to Power Cross-Border Payments Solution

By Julie Muhn (@julieschicktanz) Posted on December 7, 2022
Categories: Alumni News, Daily news, TransferWise, Wise

AvidXchange partnered with Wise this week. The partnership enables AvidXchange to expand on the global payments capabilities it launched last month. The partnership will help AvidXchange offer its U.S.-based clients an embedded payment experience, creating a more convenient payment process.

Payment automation solutions company AvidXchange announced this week it has selected international money transfer company Wise (formerly known as Transferwise) to expand its international payment capabilities.

"Partnering with Wise to provide our customers with best-in-class international payment capabilities was an easy decision because of their market-leading platform and seamless integration capabilities," said AvidXchange Chief Growth Officer Dan Drees. "Together, we stand firm as leaders and remain dedicated to making our customers’ payments process more efficient regardless of country lines."

AvidXchange launched its global payments last month to create an embedded cross-border payment solution for its middle market business clients and their suppliers. Piloting the launch is Oracle NetSuite. The company will…

FinovateEurope’s Alumni Alley: Fintech in the City of Bridges, Fraud Fighting Goes Dutch, and Making Stock Trading Social

By David Penn Posted on December 7, 2022
Categories: Finantix, FinovateEurope 2023, Stocktwits

If your company has ever demoed its technology at FinovateEurope, then we've got an opportunity for you!

Alumni Alley is our special showcase exclusively for companies that have demoed on stage at FinovateEurope. Held in London at FinovateEurope, March 14-15, Alumni Alley highlights those FinovateEurope alums who are continuing to innovate in areas ranging from payments and lending to regtech and digital banking.

Visit our FinovateEurope Alumni Alley Showcase hub to learn more about this special conference feature for FinovateEurope alums.

Finantix: From Best of Show Winner to Private Banking Solution

Fintech might not be the first thing that comes to mind when you think of Venice, Italy. But the so-called "City of Bridges" was the original home for Finantix, a fintech that emerged on the scene as a developer of software solutions to support client-facing employees in retail banking, wealth management, and financial advisory.

Demoing its Wealth…