Fintech Takes Over Hong Kong

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2018

Fintech will take over Hong Kong during the city's Fintech Week, which will begin with FinovateAsia on October 29 and 30, and we're excited to be a part of it. If you don't have your ticket yet, register today to join the crowd at the Hong Kong Convention Center.

We've finalized the agenda to bring you live demos from the hottest fintechs in Asia, as well as valuable discussions from industry experts and leaders from the region's top financial services organizations. We'll also host a variety of action-packed networking sessions where you can chat with our speakers and get to know other attendees.

Here are some of the discussions you won't want to miss:

Keynote Addresses Chris Skinner, Chairman of the Financial Services Club, will speak about the threat tech giants pose when it comes to customer data. JP Nicols, Managing Director of Fintech Forge, will discuss why banks have to…

Read more →

Generating Value from Bank, Insurance and Fintech Partnerships

By Charlie Burgess Posted on
Categories: Finovate, FinovateFall 2018

During Finovate Fall, four stages provided the chance for more focused discussions around the banking and payments, digital lending and wealth management. Here, on the Emerging Technologies stage, a panel discusses the role of partnerships in generating value. Featuring:

George Anderson - CEO & Founder, Ninth Wave Nathalie Dore - Chief Digital and Acceleration Officer, BNP Paribas Cardif Matt Ribbens - SVP Enterprise Digital Strategy, BB&T Dave Mooney - President and CEO, Alliant Credit Union Travis Skelly - Senior Vice President, Venture Investing, Citi Ventures Michael Roberts - Chief Marketing & Digital Strategy Officer, Bank of America Merchant Services

https://www.youtube.com/watch?v=HgSwZewD7iM

Read more →

Finovate Alumni News

By David Penn Posted on
Categories: Arival Bank, Avaloq, Baker Hill, CallVU, Capsilon, CASHOFF, identitii, iSignthis, Jack Henry, Jumio, NICE Systems, PayStand, RISQ, SecureSafe, Siam Commercial Bank, Socure, Think Analytics, Tinkoff Bank

On Finovate.com

Our latest FinovateAsia Sneak Peeks are up. Meet CASHOFF Arival Bank Avaloq Siam Commercial Bank RISQ Think Analytics

Around the web

iSignthis announces its Tier 1 JCB card acquiring service is now live in the EU/EEA. CallVU to provide advanced biometric authentication technology to international credit card provider. Jumio reports sales growth of 130% year over year for the first three quarters of 2018. Capsilon teams up with Home Point Financial to streamline loan process. The latest upgrade of SecureSafe features desktop encryption. In German. NICE Actimize launches X-Sight, a financial crime risk management platform-as-a-service solution. Alloy and Socure partner to automate digital identity verification and onboarding for financial institutions. PayStand expands operations to Mexico, forms regional partnership with StartupGDL. Tinkoff Bank adds 26 new currencies for its Black Card customers. Identitii launches Overlay+ to enable Know Your Transaction.  Jack Henry & Associates acquires…

Read more →

USAA Taps StreetShares for Small Business Lending

By Julie Muhn (@julieschicktanz) Posted on
Categories: StreetShares

In an industry that too often pits banks against fintechs, it's good to see the magic of fintech-bank partnerships alive and well. Living that magic is military veteran-focused small business lending platform StreetShares, which is piloting a collaboration with a similarly-focused financial institution, USAA.

Though the pilot is limited to six months, this is a pretty big deal for StreetShares. The four-year-old Virginia-based startup now has access to USAA's member base of more than 8 million current and former members of the military and their families. Moreover, this is USAA's first and so far only offering for business loans, a much-requested service.

"Members have been inquiring about business loans and business products from USAA for quite some time," USAA's Briana Hartzell explained in the bank's blog. "So, to better serve member’s needs, USAA is pleased to announce the launch of a limited time pilot offering in collaboration with…

Read more →

Finovate Global: Fintech News from Around the World

By David Penn Posted on
Categories: ACI Worldwide, ayondo, Corezoid, Daon, Finovate Global, Kinetica, Nubank, Payfone, Ripple, Sberbank, Temenos

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.

Asia-Pacific MoneyTap, DLT-based payment app developed by SBI and Ripple goes live in Japan. Indonesia’s biggest telecommunications company, Telkomsel, picks Kinetica to support its accelerated analytics, location-based visualization and AI. Ayondo expands B2B offering in Asia with a new white label deal. First Circle, a lending platform for SMEs based in the Philippines, has raised $26 million in new funding. Sub-Saharan Africa Daon Inks Deal with South Africa’s Capitec Bank. Commercial Bank of Ethiopia deploys UP Retail Payments from ACI Worldwide. Ivory Coast subsidiary of Togo-based Banque Atlantique goes live with Temenos' T24 core banking system. Central and Eastern Europe Sberbank customers can now add “cash…

Read more →

Zenmonics Lands Funding from FIS

By Julie Muhn (@julieschicktanz) Posted on
Categories: FIS, Funding, Zenmonics

Core banking specialist Zenmonics landed funding from its long-time partner FIS this week. The amount of the minority investment, along with other terms of the agreement remain undisclosed. This marks Zenmonics' first round of funding; prior to the closing of this week's investment Zenmonics was 100% company-owned.

The North Carolina-based company will use the funds to further its growth and burgeon capabilities of its channelUNITED platform. Riaz Syed, founder and CEO of Zenmonics said that the investment enables the company "to grow innovation and delivery capacity for our current clients, while also extending our reach in the market."

Aimed to offer a consistent user experience across multiple channels, Zenmonics' channelUNITED is an omni-channel solution that adapts and expands to each individual banks' pace. The system places clients and associates on a common system to unify digital, sales, service, origination, and teller platforms.

Founded in 2007, Zenmonics has more than 200…

Read more →

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Baker Hill, Coinbase, Earnix, FIS, Geezeo, Jack Henry, Payfone, StreetShares, WorkFusion, Zenmonics

On Finovate.com

Zenmonics Lands Funding from FIS USAA Taps StreetShares for Small Business Lending

Around the web

Studio Bank Selects Baker Hill’s Statement Spreading Solution as Building Block for Future Growth. TechCrunch: Coinbase adds ZRX to Coinbase Pro. Payfone Partners with Orange to Fight Identity Fraud in Four New Global Markets. Earnix and DataRobot Announce a Strategic Alliance. Azimo launches new service to serve SMBs. Jack Henry & Associates named a Top Workplace by The Charlotte Observer for fourth consecutive year. WorkFusion launches RPA Express Pro to complement its AI automation platform and scale 40,000 users of its free RPA product. Geezeo CTO featured on Amazon Web Services video series This is My Architecture.

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.

Read more →

OnDeck Launches Subsidiary to Help Banks with Small Business Lending

By Julie Muhn (@julieschicktanz) Posted on
Categories: On Deck Capital

Online small business lending platform OnDeck has always served as an alternative to traditional banks. This week, however, the company has made a new move to further its bank-fintech ties. The New York-based company announced the launch of a new subsidiary aimed to help banks serve small businesses.

Dubbed ODX, the new platform-as-a-service entity is an extension of OnDeck's platform services and will focus entirely on helping banks digitize their small business lending efforts via a combination of software, analytic insights, and professional services.

ODX is as much about helping banks reach small business clients as it is about helping small businesses interact with their bank. The new subsidiary recognizes the hassle that comes with applying for a loan at a traditional bank, many of which still rely on labor-intensive, paper-based processes that take an average of 26 hours over the course of several weeks to complete. In comparison, banks…

Read more →

Temenos Partners with Australia’s Uniting Financial Services

By David Penn Posted on
Categories: Temenos

Uniting Financial Services (UFS), a non-profit entity based in Australia, has signed for a range of Temenos’ solutions, to be delivered in the cloud, reports Tanya Andreasyan of FinTech Futures (Finovate's sister publication).

The new multi-year deal builds on an existing relationship between UFS and Rubik Financial, a local distributor of Temenos’ tech (Rubik Financial was acquired by Temenos last year and merged into the company). UFS initially signed for T24, to be delivered on a hosted basis by Rubik, in 2013, FinTech Futures understands.

Under the new agreement, UFS will implement Temenos’ T24, analytics, channels, financial crime mitigation and risk and compliance software, all delivered on the Microsoft Azure cloud.

With over $1.2 billion (AU$1.7 billion) in funds under management, UFS provides treasury and ethical investment services to the Uniting Church in Australia’s Synod of NSW & the ACT including its Congregations, Presbyteries and various Church Agencies.

…

Read more →

FinovateAsia Sneak Peek: Topicus

By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Topicus

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Powered by Topicus, Fyndoo makes lending more accessible, efficient, and transparent. Lenders get optimal loan processing in shorter time with less staff and full compliance.

Features

Provides an accessible, efficient, and transparent lending process Connectes all parties throughout all possible loan product life cycles Powered by a single product definition and process workbench

Why it's great
Fyndoo Lending provides a complete loan management solution for all involved parties, delivering fast loan processing with less staff while being fully compliant.

Presenters

Michiel Schipper, Managing Director
Schipper has been active in the SME lending domain since 2004 and is driven by his enthusiasm for entrepreneurialism.
LinkedIn

 

Michel Brinkhuis, Solution Architect
Brinkhuis focuses on the Fyndoo product suite. He holds a Masters degree in Business Information Technology.
…

Read more →

FinovateAsia Sneak Peek: PayReverse

By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, PayReverse

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

PayReverse is the world's first white-label cashback service that is built into consumer brands' apps and websites, allowing them to create additional monetization streams and increase customer loyalty.

Features

Easy, fast, and zero CAPEX integration Adaptive design to suit a brand's requirements and consumer behavior Innovative technology makes it much more convenient than any existing cashback service

Why it's great
PayReverse is the simple and adaptive solution for any consumer brand to rapidly create additional monetization streams and increase customer loyalty.

Presenters

Alexey Ermakov, CEO
Ermakov has 10+ years of experience as a strategist and blockchain expert. For a long time he managed a group of software developers specialized in high-loaded analytical solutions at a TOP-1 Russian telecom company.
LinkedIn

Yury Panov, CMO
Panov leverages his…

Read more →

FinovateAsia Sneak Peek: Jumio

By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Jumio

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Jumio provides online identity verification/eKYC services. Jumio has been adopted by organizations looking to streamline identity verification processes for online customer onboarding.

Features

Supports verification of over 3,000 ID document types, over 200 countries Provides detailed authenticity checks on an ID document by detecting presence of security features Offers the best eKYC user experience

Why it's great
When identity matters, trust Jumio.

Presenter

Frederic Ho, VP APAC 
Experienced in online identity theft/fraud and KYC user experience, Ho serves as the VP, APAC at Jumio Corporation.
LinkedIn

Read more →