Linqto Breaks into DeFi with Trustline Acquisition

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, Linqto

Linqto has acquired Trustline, a platform that offers decentralized financial services. "We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program," said Linqto Founder and CEO Bill Sarris. Linqto plans to leverage Trustline to continue developing its decentralized exchange for private market securities.

Private investing firm Linqto has solidified its interest in the blockchain this week with the acquisition of Trustline, a platform that offers decentralized financial services. Financial terms of the deal were not disclosed.

Trustline leverages the XRP Ledger to offer payments, trading, and lending to accredited investors. Because Trustline run on XRP, it is able to offer its financial services in a more efficient and cost-effective manner than traditional firms.

"We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program," said Linqto Founder and CEO Bill Sarris. "Trustline…

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FinovateFall 2022 Sneak Peek: Ocrolus

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, Ocrolus

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Ocrolus is a document automation platform that powers the digital lending ecosystem. They are debuting Detect, a powerful and innovative solution offering lenders superior fraud detection.

Features

Catch more instances of fraud and reduce your risk Utilize detailed fraud signals and descriptions to power underwriting decisions Reduce manual application review

Why it's great

Detect will uncover what fraudsters want to stay hidden with the ability to view received and recovered documents side-by-side, highlighting altered content.

Presenters

David Snitkof, VP of Product, Analytics
David Snitkof is a technology entrepreneur and data/analytics leader with a successful track record of developing analytical systems, teams, and businesses from the ground up.
LinkedIn

Mindy Robins, Product Marketing Manager
Mindy Robins is a Product Marketing Manager at Ocrolus with extensive experience managing new product…

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FinovateFall 2022 Sneak Peek: Linqto

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, Linqto

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Linqto makes investing in private companies accessible, affordable and efficient. Wealth managers can diversify client portfolios with investments in unicorns.

Features

Simple to use interface on web and mobile app $5K and $10K minimum investment sizes Get liquidity by selling shares on the platform

Why it's great

Linqto offers the same benefits of public markets – immediate access and settlement of private equity shares at affordable prices with the ability to get liquidity for shares purchased at any time.

Presenter

Patty Brewer, Chief Product Officer
Industry veteran with over 25 years experience in strategic product management with fintech companies like Digital Insight, Intuit, and Nav. Passionate about customer driven and iterative innovation.
LinkedIn

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FinovateFall 2022 Sneak Peek: ID R&D

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, ID R&D

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

ID R&D's IDLive Doc is the first product dedicated to protecting digital onboarding from document spoof attacks, where fraudsters present an image of an ID on a screen instead of one in their possession.

Features

Detects a variety of attacks, including screen replay Needs only a single image; frictionless for the user Works across all types of global identity documents

Why it's great

Document spoofs are likely causing more fraud than companies realize. Businesses can help prevent these types of attacks with the first-ever product specifically designed for this purpose from leaders in liveness.

Presenter

Alexey Khitrov, CEO
Khitrov has over 20 years of C-level experience at biometrics and financial services. In 2016, he launched ID R&D with a focus on developing innovative, best-in-class biometrics and liveness.
LinkedIn

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FinovateFall 2022 Sneak Peek: Stratyfy

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, Stratyfy

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Stratyfy's UnBias allows financial institutions and fintechs to uncover, understand, and undo bias in complex financial decisions that impact the lives of millions.

Features

Proprietary next generation transparent ML Detailed reports with actionable recommendations Results in as little as two weeks

Why it's great

Addressing bias proactively means less risk, more diverse customers, and increased returns.

Presenter

Laura Kornhauser, CEO & Co-Founder
Laura Kornhauser is the Co-Founder/CEO of Stratyfy. Previously, Kornhauser spent 12 years at JPMorgan, building and delivering risk and credit products. She has a BSE from Princeton & an MBA from Columbia.
LinkedIn

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FinovateFall 2022 Sneak Peek: NYDIG

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, NYDIG

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

NYDIG delivers Bitcoin products across industries, from banking and insurance to fintech and nonprofits. NYDIG fuses stringent regulatory standards with ironclad technology to make Bitcoin universal.

Features

NYDIG's Bitcoin Savings Plan:

Integrates directly with a company’s payroll services Allows an employee to seamlessly convert a portion of their paycheck to bitcoin Offers new cutting-edge benefits

Why it's great

For the BSP, there is little direct competition in the space. NYDIG's value proposition is that employees are offered an easy-to-use way to buy, sell, and hold bitcoin without having to pay high fees.

Presenter

Rahm McDaniel, Head of Banking Solutions
Rahm McDaniel is Head of Banking Solutions with NYDIG, partnering with banks and credit unions to serve their communities with innovative digital asset services, such as Bitcoin trading. Prior…

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Meet The Masters: A Peek at the Top Keynotes for FinovateFall 2022

By David Penn Posted on
Categories: FinovateFall 2022

With a little over a month to go before FinovateFall 2022 in New York City, our agenda for the autumn event is still being finalized. But there are a few highlights we can share with you this week to further whet your appetite for the fintech feast to come on September 12 through September 14. Today we'll take a look at the mastermind keynote speakers we have scheduled for FinovateFall, each of whom was selected for their unique understanding of what's driving innovation in financial technology today.

Day One will feature a Mastermind Keynote from Chris Cox, Chief Operating Officer of Apiture. Titled "Closing the Data Intelligence Gap", Cox's address will look at ways that financial institutions can better process and analyze available data while simultaneously (1) helping their businesses, (2) supporting their customers, and (3) maintaining regulatory compliance. Cox will examine ways that banks and credit unions can close…

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Western Union Expands Partnership with Visa

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, VISA, Western Union

Western Union is bolstering its partnership with Visa by expanding its integration with Visa Direct. Visa Direct is Visa's real-time money movement network. The expansion will bring Visa Direct to Western Union's U.S. clients, enabling them to send money in near-real-time to Visa debit cards in Colombia, El Salvador, Jamaica, Romania, and Thailand.

Money transfer firm Western Union is building on its partnership with Visa this week. The Colorado-based company is expanding its integration with Visa Direct, Visa’s real-time money movement network.

Under the agreement, the pair will bring Visa Direct to Western Union's U.S. clients, enabling them to send money in near-real-time to Visa debit cards in Colombia, El Salvador, Jamaica, Romania, and Thailand. Western Union and Visa first teamed up in 2019 to enable Western Union customers in more than 20 countries across Europe to send and/or receive funds directly to Visa debit card holders.

"Western Union and…

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Jack Henry Acquires Payrailz for an Undisclosed Amount

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Jack Henry, Mergers & Acquisitions

Jack Henry Acquired payments-as-a-service startup Payrailz. Jack Henry anticipates the acquisition will enhance its payments-as-a-service strategy and offer its 8,000 clients the ability to enable embedded finance. Financial details were not disclosed.

Core banking provider Jack Henry & Associates has agreed to acquire digital payments startup Payrailz. Financial details of the acquisition, which is expected to close at the end of this month, have not been disclosed.

Jack Henry anticipates the acquisition will support banks and credit unions by enhancing its payments-as-a-service (PaaS) strategy and offering its 8,000 clients the ability to enable embedded finance. Jack Henry currently has a virtual payments hub that consolidates money transfer tools which support numerous payment channels and types. Payrailz's technology complements this hub by adding consumer and commercial bill pay; real-time person-to-person (P2P), account-to-account (A2A), business-to-customer (B2C) payments; and more.

"We are excited about the opportunity to add these next-generation solutions to our payments…

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FinovateFall 2022 Sneak Peek: Finotta

By Madeline Clines Posted on
Categories: Finotta, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Finotta is a provider of embedded fintech for digital banking. Finotta’s Personified platform is a combination of products that help financial institutions better meet the needs of their customers.

Features

Personalized financial guidance Predictive product recommendations Gamification

Why it's great

Finotta empowers its FI customers to deliver the right experience, service, or product at the right time to their users with a gamified Financial Health Level that helps improve their financial life.

Presenter

Parker Graham, Founder and CEO
Parker Graham serves as Founder and CEO of Finotta. Graham began his professional career in the NFL. After working at BOK, Graham founded Destiny Wealth in 2018 and pivoted to Finotta in 2020.
LinkedIn

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FinovateFall 2022 Sneak Peek: ebankIT

By Madeline Clines Posted on
Categories: ebankIT, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

ebankIT is an Omnichannel Banking Platform. This Finovate, ebankIT will demo new features, from crypto management to open banking, all while gathering user feedback.

Features

User Engagement Hub to transform FIs:

Knowledge based with in-app interactive demos of all features Ability for users to vote on new feature releases Features available through an early adopter program

Why it's great

It's all about agility and having financial institutions launch exceptional user experiences at a fast speed. ebankIT does it all through its Omnichannel Digital Banking Platform.

Presenters

Pete Atkinson, Vice President of Sales
Atkinson has spent much of his career working at the convergent point of technology, business, and consumers. He is VP of Sales at ebankIT and for the last 15 years has helped FIs to digitally transform.
…

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FinovateFall 2022 Sneak Peek: autologic

By Madeline Clines Posted on
Categories: autologic, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

autologic was founded in 2021 and lets non-technical people build highly complex logic to power automated decisioning and digital experiences across any division of a financial services organization.

Features

Build complex rules & calculations with no code at the cost of spinning up a server on Google Deploy into any application (custom or third party) that supports JSON in minutes

Why it's great

UNO (a mortgage broker) maintains pricing, underwriting, servicing, documentation and policy information for 20 lenders with 1 non-technical person.

Presenter

Vincent Turner, CEO
4x Founder, 2 exits across Australia and US. Built technology used by 90% of Australian banks. Founder of UNO Home Loans, #1 Online Mortgage Broker in Australia.
LinkedIn

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