Finovate Alumni News

Around the web

  • OutSystems announces release of version 11 of its low-code development technology to help IT leaders solve legacy system gridlock.
  • Fidelity and Finicity reach customer data sharing agreement.
  • Cameroon’s biggest bank, Afriland First Bank, to deploy Temenos’ T24 core banking 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.

Welcome to the Post-FinovateFall Summit Day

Welcome to the Post-FinovateFall Summit Day

FinovateFall may have ended yesterday, but we’re not ready for the fun (or the fintech!) to stop. New this year, we’ve implemented an exclusive, post-event day of summit sessions focusing on the two hottest topics in fintech– AI and the blockchain.

If you’re interested in attending, you can register online or stop by the front desk this morning to sign up. Registration (located on the 5th floor of the Marriott Marquis Times Square) opens at 8 am and the first session begins just before 9 am.

For those who are already on the list, check out the agenda on our website or get a quick glance of what to expect below:

  • 8:00 to 8:50 Registration, Breakfast, and Networking
  • 9:00 to 10:30 Keynotes, Panels, Case Studies
  • 10:30 to 11:10 Blockchain Morning Networking Break
  • 10:30 to 11:00 AI Morning Networking Break
  • 11:00 to 12:30 AI Case studies, Debates, and Panels
  • 11:10 to 12:30 Blockchain Case studies, Debates, and Panels
  • 12:30 to 1:30 Lunch
  • 1:30 to 3:00 Keynotes, Debates, and Showcases
  • 3:00 Closing remarks

We’re looking forward to a day packed full of content! Free coat check is available on the 5th floor of the Marriott Marquis.

If you have any questions about the event, stop by the registration desk or see our contact page for email addresses and phone numbers of our event staff.

Finovate Global: Fintech News from Around the World

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Central and South Asia

  • InstaREM reports facilitating no-fee money transfers of almost $2 million to the flood-stricken southern Indian state of Kerala.
  • Infosys announces plans to open tech hub in Arizona and hire 1,000 Americans by 2023.
  • Qbera of Bengaluru, India raises $3 million in funding from Essel Group.

Latin America and the Caribbean

  • Uruguay’s Prisma Campaigns partners with Tyfone to bring new personalized, automated marketing solutions to banks and credit unions.
  • Brazil’s biggest independent brokerage, Grupo X, to offer a platform exchange for Bitcoin and Ethereum.
  • Forbes profiles Brazilian online payments startup, EBANX.

Asia-Pacific

  • Taiwan to begin testing of its first regulatory sandbox in December.
  • SBI Ripple Asia wins license to launch blockchain-based payments app in Japan.
  • Hong Kong goes live with Faster Payment System (FPS).
  • Indonesia’s Bank Central Asia goes live on iGTB’s digital transaction banking platform.
  • Coinbase teams up with Hong Kong-based crypto trading and risk management platform Caspian to promote institutional use of cryptocurrencies.

Sub-Saharan Africa

  • Ugandan Orient Bank to deploy Acumen from Profile Software to manage treasury operations.
  • Bourse Régionale des Valeurs Mobilières (BRVM), a stock exchange based in the Ivory Coast, encourages West African fintech startups to join its innovation lab.
  • MTN Uganda teams up with MasterCard and United Bank for Africa (UBA) launch new mobile money service.

Central and Eastern Europe

  • Tinkoff Bank offers access to more than 10,000 global securities via its Tinkoff Investments Premium solution.
  • Braintri awarded the Polish Innovation Award 2018 for its creation of Jiffee, a bluetooth-based mobile payment and loyalty technology, and Biffee, a core banking system offloading engine.
  • ING Bank Romania to abandon physical cash desks this fall in favor of ATMs and its mobile banking app.
  • Slovenian fintech Eligma launches cryptocurrency payment app.

Middle East and Northern Africa

  • Commercial Bank of Dubai inks agreement with PwC to assist in its digital transformation.
  • Abu Dhabi Global Market (ADGM) signs strategic Memorandum of Understanding with Abu Dhabi Smart Solutions and Services Authority (ADSSSA).
  • Central Bank of Kuwait pledges major investment in big data and AI.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • FinovateFall 2018 Best of Show Winners Announced.

Around the web

  • Prisma Campaigns partners with Tyfone to bring new personalized, automated marketing solutions to banks and credit unions.
  • CFCU Community Credit Union to deploy solutions from Fiserv to enhance its mobile, online, and in-branch customer experience.
  • CREALOGIX reports record sales in 2017-2018 fiscal year.
  • Bpm’online earns recognition from Gartner for its accomplishments in CRM Lead Management.
  • Indonesia’s Bank Central Asia goes live on iGTB’s digital transaction banking platform.
  • Tinkoff Bank offers access to more than 10,000 global securities via its Tinkoff Investments Premium solution.

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.

 

Welcome to the Discussion Day at FinovateFall

Welcome to the Discussion Day at FinovateFall

The past two days were all about the demos. Today at FinovateFall, however, we’re shifting our focus to examine some of the trends, themes, ideas, and regulations that are prompting some of that innovation.

Doors open once again at 8am this morning, and we’ll have breakfast and networking until 9am, when the general session begins. Free coat check is available on the south side of registration.

Visit our website for a full, interactive agenda, or check out a quick preview below:

8:00 to 8:55 Registration and Continental Breakfast

8:55 Opening Remarks

9:00 to 9:40 Analyst All Stars

  • Julie Muhn – Senior Research Analyst, Finovate
  • Jacob Jegher – Senior Vice President, Banking and Head of Strategy, Javelin Strategy & Research
  • Alyson Clarke – Principal Analyst, Forrester
  • Daniel Latimore – Senior Vice President, Banking Group, Celent
  • Thad Peterson – Senior Analyst, Aite Group

9:40 to 10:30 Kick Off Keynote: Calling the Shots in the Crypto World

  • Alex Tapscott – Author, Advisor, Blockchain & Cryptocurrency, Co-Author Blockchain Revolution

10:30 to 10:45 Connected Experiences and The Third Era of Commerce

  • Kurt Bilafer – General Manager, Americas, Amazon Pay

10:45 to 11:15 Refreshments and Networking Break

11:15 to 11:30 Short & Sharp Dueling Debate: The Future of Digital Financial Services?

  • Jeremy Balkin – Head of Innovation, HSBC
  • Julia C. Carreon – Managing Director of Digital and Fiduciary Operations, Wells Fargo
  • Nicolas Kopp – US CEO, N26

11:30 to 11:45 Short & Sharp Dueling Debate: The Future of Digital Financial Services? Digital vs Physical Payment Methods

  • Sonia Wedrychowicz – Managing Director, Head of Technology Transformation Consumer and Community Bank, JPMorgan Chase
  • Vaduvur Bharghavan – CEO, Ondot Systems
  • Seth Harvey – President, Travelex

11:45 to 12:00 Quick & Bold Panel Discussion: Digital Transformation

  • Jo Ann Barefoot – CEO, Barefoot Innovation Group
  • Nischal Piratla – Director, Deutsche Bank Innovation Labs
  • Valentina Isakina – Managing Director of Financial Institutions, JobsOhio
  • Luvleen Sidhu – Co-Founder, President, & Chief Strategy Officer, BankMobile

12:00 to 12:30 Moderated discussion –An in-depth Look at World of Cyber Security and Risk Management

  • Sean Sposito – Analyst Cybersecurity, Javelin Strategy & Research
  • Cris Thomas – Global Strategy Lead, IBM X-Force Red, White Hat Hacker
  • Kedar Samant – Co-Founder and Chief Technology Officer, Simility
  • Gabrielle Haddad – Co-Founder & Chief Operating Officer, Sigma Ratings, Inc.
  • Michael Leary – SVP – Risk Strategy, Bureau, and Third Party Execution Director, US Bank

12:30 to 1:30 Lunch and Networking

1:30 to 3:30 Summit Sessions

  • Banking & Payments
  • Digital Lending
  • Emerging Technologies
  • Wealth Management & Investing

3:30 to 4:00 Refreshments and Networking Break

4:00 to 4:50 Breaking Banks Power Hour Chat: It’s Happening! Live Podcast

  • JP Nicols – Managing Director, Fintech Forge
  • Brett King – CEO and Founder, Moven
  • Greg Palmer – VP, Strategy, Finovate

4:50 to 5:30 The Finovate Finale! Accelerator/Incubator/Lab Showcase

  • Greg Palmer – VP, Strategy, Finovate
  • Jon Zanoff – Managing Director, Techstars – Barclays Accelerator
  • Laura Spiekerman – Co-founder & CRO, Alloy
  • Perrin Quarshie – Founder & CEO, RealBlocks
  • Sunny Parikh – Senior Director, Partnership Fund for NYC, FinTech Innovation Lab
  • Liz Maida – Co-Founder & CEO, Uplevel Security
  • Benjamin Cohen – CEO & Founder, T-REX
  • Matt Armstead – Managing Director, FintechAccel
  • Travis Holoway – CEO & Co-Founder, SoLo Funds
  • Paris Benson – CEO & Founder, Wizely Finance
  • Mahati Sridhar – Investment Associate, Queen City Fintech
  • Christian Zimmerman – Co-founder & CEO, Qoins
  • Andrew Gowasack – Co-founder, Trust Stamp

Thanks to all of you for helping to make this year’s event a success! We’ll see you at FinovateFall next year, or come see us at any of our shows in between:

If you’re registered for our exclusive AI and Blockchain Summits tomorrow, the excitement continues at 8:50 tomorrow morning. If you’re interested in attending, please visit the registration desk today to add your name to the list and participate in the discussions.

FinovateFall 2018 Best of Show Winners Announced

FinovateFall 2018 Best of Show Winners Announced

Meet the Fantastic Five – the top vote-getters in this year’s Best of Show voting at FinovateFall 2018.

There’s a lot to love about the companies that took home top honors at this year’s autumn event. Maybe you are a fan of financial literacy, and believe that the best way to ensure a happy financial future is to invest in financial education at an early age. Perhaps you are looking for ways to better engage the customers at your bank or credit union, providing them with more personalized, intuitive solutions to improve their financial lives.

From the challenge of helping aging parents manage their finances and avoid scams to innovative strategies to turn everyday purchases into investments in the stock market, the Best of Show winners of FinovateFall 2018 are a diverse group. And that diversity reflects the fascinating breadth of what it means to be a fintech company today.

With that, let’s meet our Fantastic Five. Four of them are Finovate newcomers and the fifth, Meniga, is both a long time alum and multiple Best of Show award winner.

Banzai for its industry-leading, turnkey, CRA eligible, experience-based learning solutions that help users master personal finance. Video.

 

Bond.AI for its human-centered AI platform, powered by the world’s first “Empathy Engine,” that helps banks better understand user behavior and encourage them to improve their financial health. Video.

 

Bumped for its technology that enables brands to give their customers free stock for their purchases, turning loyal shoppers and spenders into shareholders. Video.

 

Golden for its Financial Caregiving app and website that socializes wealth and daily money management across generations, helping 75 million baby boomers who are taking financial care of their 50 million senior parents. Video.

 

Meniga for its white-label, digital banking solutions that enable banks to build customer engagement and help customers improve their financial lives. Video.


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The five companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018

 

Welcome to Day Two of FinovateFall

Welcome to Day Two of FinovateFall

The first day of FinovateFall is in the books. And a second full day of live fintech demos here at the New York Marriott Marquis in Times Square is about to begin!

From the very first demo on Day One, it was clear that the attendees at this year’s fall fintech conference came ready to rock. And our demoing companies were happy to oblige – with live demos of everything from tools to help financial advisors better serve their clients to cybersecurity solutions dedicated to keeping the bad guys at bay. We hope you had a great time yesterday and are rested and ready (we are in Times Square, after all!) for another round here on Day Two.

Here is what’s in store for Tuesday. If you still need a ticket, visit our registration page and save your spot.

8:00am – 8:45am Registration & Continental Breakfast

Remember registration is on the fifth floor of the Marriott Marquis.

8:45am – 10:15am Demo Session #5

10:15am – 11:00 am Intermission with Refreshments & Networking

11:00am – 12:20pm Demo Session #6

12:20pm – 1:20pm Lunch & Networking

1:20pm – 2:40pm Demo Session #7

2:40pm – 3:25pm Intermission with Refreshments & Networking

3:25pm – 4:50pm Demo Session #8

4:50pm – 6:50pm Reception & Networking with Best of Show Announcement


Questions? Shoot us an email or give us a call and we’ll get right back with the answers you need.

Finovate Alumni News

Around the web

  • Coinbase teams up with Hong Kong-based crypto trading and risk management platform Caspian to promote institutional use of cryptocurrencies.
  • Insuritas to launch digital insurance platform for 13,000+ member Oklahoma Educators CU.
  • Finastra unveils Fusion Essence in the cloud, an integrated core and digital retail banking service for the U.K. market.
  • Global Debt Registry announces addition of new ABS asset classes to its blockchain platform offering.
  • Fiserv inks deals with a trio of Canadian credit unions: Crosstown Civic CU, Noventis CU, and IC Savings.

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.

George Anderson, Founder of Ninth Wave on Keeping Up with Fintech

George Anderson, Founder of Ninth Wave on Keeping Up with Fintech

The following interview is with George Anderson, CEO and founder of Ninth Wave, a Gold Sponsor of FinovateFall.


In the run-up to FinovateFall, we interviewed George Anderson, CEO and founder of Ninth Wave (formerly Enterprise Engineering) to get the scoop on how the company keeps up with ever-changing trends in fintech.

In addition to serving as an expert on information management and technology to solve business problems, Anderson has authored several books and articles on enterprise architecture, relational database design, internet development, and high performance computing. He has 25 years of experience working with leading banks and technology companies in the development of emerging information systems.

Finovate: You founded Ninth Wave (originally Enterprise Engineering Inc.) in 1995. How has the company’s focus shifted to help financial institutions serve clients when customer expectations are changing faster than ever?

George Anderson: I spend a tremendous amount of time with Ninth Wave customers. It is critical to clearly understand the challenges they are facing in a constantly evolving market. This allows Ninth Wave to advance its platform, remain leading edge, and provide constant and ongoing value.

As a platform provider, Ninth Wave must maintain its deep business and technology expertise through continuous communication with our clients. Having founded and run a tech company for 23+ years, I know that contributing to the client’s bottom line is key to success across volatile financial cycles.

Our clients are premier, sophisticated Fortune 500 firms who are ahead of the curve – investing in top talent and the development / acquisition of innovative solutions. As a trusted partner, we have to ensure we are offering a platform that aligns with their requirements and capabilities.

Lastly, by spending so much time with customers, you can anticipate trends and meet customer expectations much faster than they could reasonably expect you to. We are focused on exceeding our clients’ expectations every day.

Finovate: Ninth Wave’s corporate mantra is – “If you’re not moving ahead, you are falling behind!” Tell us about key processes you use to keep the company pushing forward in an industry moving faster than ever.

Anderson: Ninth Wave is a company that has a unique culture of passion about everything we do. This passion for excellent client service, continuous learning, deep expertise, employee engagement and being best-in-class has been the driver that has differentiated us and has us leading the competition.

We hire top talent who thrive in a fast-paced, complex and ever-changing environment. The mixture of collaboration, curiosity, client focus along with the desire to win have been the fuel that powers our creation of new products and make the Ninth Wave platform the preferred solution for our clients.

Our associates are immersed in the financial industry and emerging technologies through learning forums, advisory sessions, client interactions and brainstorming with both Ninth Wave and industry peers. The goal is to align the technology we deliver with the business strategy of our clients to be relevant today and in the future.

Finovate: Ninth Wave has multiple Fortune 500 clients. What is your strategy for capturing and keeping such high-profile clients?

Anderson: The Ninth Wave team has unparalleled experience with Fortune 500 clients. We understand their jobs from the inside, we understand their challenges and the pressure they are up against every day. Given this experience, there is no learning curve for us when we walk in the door. Odds are, we have fixed their problem or addressed their opportunity for one of their peers. We are often told that we cover in one meeting what takes others weeks to do.

We are also in a great position to tell our clients about how they stack up against their competition. What gaps do they have? What is their edge? Their differentiation? Perhaps even more importantly, what are their opportunities for time-to-market for competitive advantage? And what are others doing to leap frog them?

Finovate: Ninth Wave offers a range of products, from data aggregation tools to tax form data. What’s next on the horizon?

Anderson: We believe there is tremendous room for improvement in the financial data ecosystem. The world between banks and consumers is still filled with inefficiencies and cyber risks. Consumers are focused on data access and custom views and are often unaware of the dangers that currently exist.

Already at the next point on the horizon, Ninth Wave is now launching advanced solutions for fintech connectivity that deliver the control and security required by financial institutions and consumers while streamlining the integration of fintech applications.

After this? Ninth Wave is developing a unique and compelling new technology that truly offers business value and best-in-class services. These revolutionary innovations will simplify and provide full transparency to replace the opaque and often fragmented current environments.

Ninth Wave will continue to focus on providing unparalleled connectivity to unlock data for authorized and secure delivery for financial institutions. We will keep you posted as we finalize the reveal date.

Welcome to Day One of FinovateFall

Welcome to Day One of FinovateFall

For many of us, there are three things that best symbolize September’s arrival: (1) the beginning of autumn, (2) the start of football season (Go Seahawks!), (3) and the return of FinovateFall.

Our annual fall fintech conference begins today here at the New York Marriott Marquis in Times Square. Registration, which is on the fifth floor of the hotel, begins at 8am this morning and the first demo kicks off at 8:45am. If you are planning to join us and haven’t picked up your ticket yet, don’t worry. Online registration is only a click away.

Here’s the line up for today.

8:00am -8:45am Registration & Continental Breakfast

8:45am – 10:15am Demo Session #1

10:15am – 11:00am Intermission with Refreshments & Networking

11:00am – 12:20pm Demo Session #2

12:20pm – 1:20pm Lunch

1:20pm – 2:40pm Demo Session #3

2:40pm – 3:25pm  Intermission with Refreshments & Networking

3:25pm – 4:50pm Demo Session #4

4:50pm – 6:00pm Reception & Networking

Best of Show winners will be announced tomorrow


Doors open again tomorrow at 8:00am, with the first demo session beginning at 8:45am.

Finovate Alumni News

Around the web

  • Revolut seeks banking license in Luxembourg to ensure post-Brexit access to European markets.
  • Crypterium earns listing on KuCoin cryptocurrency exchange. See Crypterium at FinovateFall in New York this week.
  • Klarna teams up with U.K. fashion brand In The Style.
  • Pushfor founder and CEO John Safa talks cybersecurity on KRLA LA radio.
  • Braintri awarded the Polish Innovation Award 2018 for its creation of Jiffee, a bluetooth-based mobile payment and loyalty technology, and Biffee, a core banking system offloading engine.
  • Kasasa named to 2018 IDC Financial Insights FinTech Rankings.

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.

Million Dollar Bounty: HackerOne Secures Contract from the General Services Administration

Million Dollar Bounty: HackerOne Secures Contract from the General Services Administration

The white hat hackers of HackerOne have won a $2 million bug bounty contract with the Technology Transformation Service (TTS) of the U.S. General Services Administration.

The firm, which employs ethical hackers to find security vulnerabilities in client websites before the bad guys do, has worked with the TTS for a little over a year now. The new contract extends the partnership, providing a base performance period of six months, with an additional nine option periods lasting six months each for a total of five years.

Marten Mickos, CEO of HackerOne, called the contract “a reminder of the leadership role that the U.S. federal government has taken in vulnerability disclosure.” The GSA in particular has shown a strong interest in using bug bounties – i.e., cash prizes to hackers who discover and report vulnerabilities – and is the first civilian agency to leverage these programs to improve its website security.

“Over the last year, GSA has proved to be one of the fastest government agencies in regards to resolution time,” Mickos said, “resolving vulnerabilities markedly faster than the global average for government bug bounty programs.”

The contract with the GSA comes just over a month after the company announced inking a deal with the U.S. Department of Defense to unleash its squad of white hat hackers on the public-facing websites of the Marine Corps Enterprise Network (MCEN). The Hack the Marine Corps bug bounty challenge in August was the latest iteration of the San Francisco, California-based company’s work with the DoD, having also launched similar campaigns with the Army, the Air Force, and the Defense Travel System over the past two years.

Founded in 2012, HackerOne presented Tapping Hackers to Improve Security at our developers conference, FinDEVr London, last summer. The presentation discussed how external, white hat hackers can help companies uncover cybersecurity flaws, and how they can move toward more comprehensive vulnerability disclosure programs.

Since inception, HackerOne has helped 1,000+ companies and organizations find and fix more than 76,000 cybersecurity vulnerabilities, earning white hat hackers $32 million in bug bounties.