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Finovate Alumni News

By David Penn Posted on April 6, 2017
Categories: BehavioSec, CustomerXPs, FICO, Finicity, MapD, Market EarlyBird, myInvenio, Swipestox, Token, Tradeshift, VASCO

On Finovate.com

Wells Fargo and Finicity Sign Data Aggregation Partnership. Check out Finicity’s recent presentation from FinDEVr 2017 New York.

Our latest FinovateSpring 2017 Sneak Peeks Are Up: Meet INSTO, Infocorp, Neener Analytics, SaleMove, ID.me, and Quantiacs.

SwipeStox Lands $13 Million, Hints at Asia Expansion.

Around the web

Tradeshift teams up with CreditEase to provide low-cost, trade financing to Chinese SMEs.

FICO unveils FICO Origination Manager Essentials to accelerate loan decisioning.

Market EarlyBird selected to participate in HM Government’s first International Fintech Conference in London in April.

VASCO appoints Jeff Cole as Chief Information Officer.

BehavioSec expands in U.S.

Datanami interviews MapD CEO and Co-Founder Todd Mostak.

Finland-based OP Financial Group partners with Token to develop new fintech solutions.

Celent awards IndusInd Bank for its CustomerXPS-powered solution that has revolutionized fraud and AML management within the bank.

Connect JIRA with process mining software from myInvenio.

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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New Funding for Savedroid Boosts Total Capital to More than $22 Million

By David Penn Posted on April 5, 2017
Categories: Funding, Fundings, savedroid

What would it take to get you to save a little more of your hard-earned money? How about automatically setting aside a dollar every time Donald Trump tweeted? Or five bucks each time your favorite sports team loses a match? If unique and atypical motivations are your idea of a savings solution, then savedroid has the app for you.

And this week we learned that the German startup had picked up funding from investment bank Rhineland-Palatinate and a group of angel investors including Debjit Chaudhuri, founder of Traxpay and former Infosys manager. The amount of the funding was not disclosed (Crunchbase reports €20 million) but savedroid says that the company’s total capital, which includes a million euro seed round, now stands at more than $22 million. Company founder Dr. Yassin Hankir says the funds will help “accelerate user growth.”

Founded in 2015, savedroid is headquartered in Frankfurt am Main, Germany. In its demonstration at FinovateSpring 2016, the company introduced the term “smooves” into the PFM lexicon, showing how the savedroid app makes it easy to “turn everyday activities into automated savings.” By using technology to set aside small amounts of money every time a certain event takes place – a combination of positive, negative, and even random incentives – users can improve their personal finances in ways that can improve their overall lifestyle, as well.

The company launched its savings solution in the summer of 2016 and, in February, added an AI-based, savings algorithm to the app. Profiled last fall in Frankfurter Allgemeine, we interviewed savedroid’s Hankir for our recent feature on savings technology.

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Moneytree Sees Green with $9 Million Funding Round

By Julie Muhn (@julieschicktanz) Posted on April 5, 2017
Categories: Funding, Moneytree

Japanese personal finance app Moneytree has landed $9 million (¥ 1 billion) in a series B round recently. This is the company’s third round of funding and brings its total raised to $10.5 million. SBI Investment led the round. Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and Baillie Gifford also participated.

The Tokyo-based company will use the funds to expand its personal asset management, expense reimbursement, and corporate account apps. Moneytree’s founder and CEO, Paul Chapman, explained the big picture plans for the new capital, saying, “Moneytree will be moving on to the next stage of growth… More than ever, we will focus on maintaining the security of our services, protecting privacy, and transparency of information.” Chapman added, “In addition, while supporting the conversion of the financial industry to digital banking, and while contributing to the foundation of the accounting industry’s cloud accounting system, we will continue to devote our efforts to constructing an industry-wide ecosystem based on users. Furthermore, we have set our sights on the globalization of our services through deploying Japanese technology overseas.”

Moneytree was founded in 2012. At FinovateAsia 2016 in Hong Kong, the company debuted Moneytree LINK. Moneytree’s head of platform, Mark Makdad and Chief of Marketing, Zach Taub, demonstrated how the new mobile SDK connects their MT LINK aggregation platform to third party products and services. MT Link is in use with 20 financial institutions, including megabanks, regional banks, and accounting software firms, which helps it reach more than 200,000 businesses.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on April 5, 2017
Categories: ACI Worldwide, Citi, FICO, FinDEVr APIntelligence, Fiserv, InComm, Kabbage, MasterCard, NuData Security, PayPal, Xero

We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

InComm Partners with WeChat Pay Parent Tencent.

FinDEVr in the Springtime: Wrapping Up New York & Kicking Off London.

FinDEVr New York 2017 in Photos.

Alumni updates

Kabbage extends $3 billion in funding to more than 100,000 small business customers.

PayPal extends partnership with Visa into Asia-Pacific region.

HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.

FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.

Twilio launches programmable fax service.

Citi takes API developer hub to Hong Kong.

Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.

Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.

Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.

Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

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

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on April 5, 2017
Categories: ACI Worldwide, Cachet Financial Solutions, FICO, Ignite Sales, iSignthis, Kabbage, Kony, Misys, Moneytree, PayPal, ThreatMetrix

On FinDEVr.com

Check out today’s FinDEVr APIntelligence.

Moneytree Sees Green with $9 Million Funding Round.

Around the web

Rebar to market Cachet Financial Solutions’ Select Mobile Money Prepaid Mastercard and companion app.

ThreatMetrix’s new release delivers end-to-end identity, fraud and authentication through an advanced decisioning platform.

iSignthis subsidiary granted an eMoney Institution license by the Central Bank of Cyprus.

Kabbage extends $3 billion in funding to more than 100,000 small business customers.

Kony’s AppVantage enables orgs to create apps from packaged components.

PayPal extends partnership with Visa into Asia-Pacific region.

FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.

HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.

Misys onboards Natalie Gammon as its Chief Information Officer.

Ignite Sales launches Sales Compliance Monitor for banks to monitor and ensure compliant sales.

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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FinovateSpring Sneak Peek: CallVU

By Julie Muhn (@julieschicktanz) Posted on April 4, 2017
Categories: CallVU, FinovateSpring 2017, FinovateSpring 2017 Sneak Peek

A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

CallVU’s Digital Engagement provides a single, self-service bot journey to customers in their channel of choice by delivering social and messaging channels and overlaying existing digital channels.

Features

Digital transformation drives customers to use digital web and mobile when they call
Improved First Call Resolution (FCR) rates and user experience
Omni-channel customer experience

Why it’s great
One platform, multiple ways to engage: bot, web, call.

Presenters

Assaf Frenkel, VP of Product & Marketing
A pioneer of Mobile Engagement, Frenkel was the founder and manager of the mobile engagement business unit at NICE. He has also served as CEO of mybitat and was an investment professional at Gemini Ventures

Amitai Ratzon, VP of Global Sales
Ratzon brings to CallVU over 15 years of financial services expertise, coupled with vast enterprise software sales experience. Previously, he was VP of sales at Earnix.

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FinovateSpring Sneak Peek: SpeechPro

By Julie Muhn (@julieschicktanz) Posted on April 4, 2017
Categories: FinovateSpring 2017, FinovateSpring 2017 Sneak Peek, SpeechPro

A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

SpeechPro’s VoiceKey.FRAUD is a specialized solution for company security built on unique voice biometric technologies that search for and identify fraudsters among customers calling into contact centers.

Features

Compares voices of callers with voices from a fraud database in online and offline modes
Creates its own fraudsters list
Instantly informs security services about potential threats

Why it’s great
VoiceKey.FRAUD is a specialized solution for company security built on voice biometric technologies that search for and identify fraudsters in contact centers.

Presenters
Florian Philipp, CEO and President, Speechpro
LinkedIn

Oleg Kovpak, Head of Project Management
LinkedIn

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FinDEVr in the Springtime: Wrapping Up New York & Kicking Off London

By Heather Stowell Posted on April 4, 2017
Categories: FinDEVr 2017 London, FinDEVr Marketing

It’s a wrap for FinDEVr New York! If you would like to revisit your favorite presentations (or the audience’s favorites) or weren’t able to attend and want to see what you missed, videos of all presentations are available in our video archives. Sit back, relax, and make sure to grab the popcorn.

Even as FinDEVr New York winds down, FinDEVr London is heating up. Kick off summer by attending this debut international event on June 12 & 13 at London’s historic and unique Tobacco Dock. With many innovative presenting companies already on board, the content is sure to rival what was seen on stage last month.

Screen Shot 2017-04-04 at 1.03.16 PM

Save big on tickets when you register by this Friday, April 7. And use the promo code “FinDEVrBlog” to save an additional 10%. See you in June!

FinDEVr London 2017 is sponsored by TestDevLab.

FinDEVr London 2017 is partnered with BayPay Forum, BiometricUpdate.com, Breaking Banks, Byte Academy, The Canadian Trade Commissioner Service, Celent, CIOReview, Cointelegraph, Colloquy, Cooper Press, Distributed, Economic Journal, Empire Startups, Femtech Leaders, Finmaps, Fintech Finance, Global Data, Harrington Starr, Level39, London Tech Week, Mercator Advisory Group, The Paypers, Plug and Play, SecuritySolutionsWatch.com, Swiss Finance + Technology Association, and Women Who Code.

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FinovateSpring Sneak Peek: ACH Alert

By Julie Muhn (@julieschicktanz) Posted on April 4, 2017
Categories: ACH Alert, FinovateSpring 2017, FinovateSpring 2017 Sneak Peek

A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

ACH Alert’s Fraud Prevention HQ platform partners financial institutions with their account holders to fight fraud in real-time across multiple payment channels, generating significant fee income.

Features

Visibility and control for account holders to manage suspicious check, ACH and wire transactions from a single web portal
Built-in customer billing capability
End-to-end process automation

Why it’s great
Monitoring transactions in the backroom is costly and slows down processing time. Engaging customers to participate in protecting their account reduces cost and generates significant revenue.

Presenters

Deborah Peace, CEO
Deborah has more than 25 years of industry experience building enterprise SaaS risk management solutions for the financial industry. Her innovative solutions have won multiple industry awards.
LinkedIn

David Peace, President
David is a serial entrepreneur, building multiple successful companies throughout his career with his strong management, sales and marketing experience.

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InComm Partners with WeChat Pay Parent Tencent

By Julie Muhn (@julieschicktanz) Posted on April 4, 2017
Categories: InComm

Prepaid products company InComm is helping to break down geographical barriers. The company’s Japanese arm landed a major partnership today with China-based Tencent Financial Technology, the parent company of WeChat Pay services.

Through the new partnership, WeChat Pay’s 849 million monthly active users will benefit from InComm’s POSA technology that allows Chinese visitors in Japan to use their smartphones to pay for products and services. This will grow the 500 million transactions that WeChat Pay’s customers make on a daily basis.

InComm’s POSA technology leverages WeChat Pay-issued barcodes to enable users to make payments at the point of sale at more than 50,000 retail locations in Japan. In the press release, Junichi Kito, Director of Business Development at InComm Japan said, “In looking forward to the Tokyo Olympics in 2020, it is critical for Japanese retailers to prepare for global payment methods, which are convenient for travelers, and it is our mission to support that. We believe this will bring a great additional value for retailers and prepaid issuers in the global market.”

InComm, which was recently named by 7-Eleven as Vendor of the Year, launched Vanilla Direct in late 2016. The new brand is the consolidation of Cashtie and Vanilla Reload products and helps consumers use GPR cards to make everyday payments and pay bills online. Atlanta-based InComm debuted CorFire Mobile Commerce at FinovateFall 2011. More recently, the company’s SVP Thomas Cornelius showed off the Cashtie API at FinDEVr Silicon Valley 2014.

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FinovateSpring Sneak Peek: nanopay

By Julie Muhn (@julieschicktanz) Posted on April 4, 2017
Categories: FinovateSpring 2017, FinovateSpring 2017 Sneak Peek, nanoPay

A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

nanopay is a fintech company based in Toronto that provides a unique payment platform that powers multi-currency payment solutions with instantaneous settlement.

Features

Process payments both online and offline
Well-suited for all payments including retail, B2B, and cross-border transfers alike
Uniquely enables instant clearing and settlement

Presenter

Laurence Cooke, CEO
Cooke is founder and CEO of nanopay Corporation. He was previously Chief Operating Officer of Bell Mobility and Bell Distribution Inc.
LinkedIn

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FinovateSpring Sneak Peek: DefenseStorm

By Julie Muhn (@julieschicktanz) Posted on April 4, 2017
Categories: DefenseStorm, FinovateSpring 2017, FinovateSpring 2017 Sneak Peek

A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

DefenseStorm fuses together technology and people into a single solution that acts as a cybersecurity control tower so you can manage detection, investigation, reporting and compliance holistically.

Features

Detects network abnormalities with less manual work
Correlates alerts together and gets meta alerts on these alert derivatives
Uses supervised machine learning to tune unsupervised machine learning

Why it’s great
Anomaly detection is not a silver bullet. But for companies that have the proper foundation in place, there are insane new capabilities that will change how security analysts spent their time.

Presenter

Sean Cassidy, CTO
Cassidy is a leader who builds the right products the right way. When he’s not knee-deep thinking of cool stuff to add to his product, he likes to do security talks at conferences.
LinkedIn

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