Finovate Blog

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the CEO of one of the presenting companies, Streamdata.io. You can save 20% on your FinDEVr ticket when you register with Streamdata.io’s promo code Streamdata.io20LD17.

Here’s our interview with Eric Horesnyi, Streamdata.io’s CEO:

Where did you start your career and how did you gain the experience needed to run the tech side of your company?

Horesnyi: I started my career as a developer for a B2B ISP in France then coded a (back then) high bandwidth (384kbps!) Internet access layer for a US ISV. After a database experience in Mexico and B2B data architecture for multinationals, I joined the founding team of Radianz to run our midmarket and exchange business in the US, as part of the Flashboy team depicted by Michael Lewis. We sold Radianz to British Telecom, and this first step in the cloud industry allowed me to get a clear view of the path technology and finance were taking together, especially with the rise of the API economy.

When I joined Streamdata.io as CEO back in 2014, there was already a very skilled and gifted team in charge of developing our product. All this knowledge allowed me to easily interact with them and start working on the SaaS solution I had the feeling the market was waiting for.

From a technologist’s perspective, what’s unique and game-changing about your technology?

Horesnyi: If I was to think about one thing and one thing only, I think I would talk about time-to-market. Nowadays, the pace of innovation is so fast that there’s no longer room for a company to waste time developing everything on its own. With our solution, any API provider can save a year of development (and associated costs) to implement real-time features. And for developers consuming API data, it’s just a matter of minutes for them to transition from polling data to taking advantage of real-time data flow.

Tell us about your favorite implementation of your solution/technology.

Horesnyi: I really like what Xignite did with its CloudStreaming solution. Through a partnership between our two companies, Xignite’s CloudStreaming solution leverages our unique technology to deliver streaming market data directly to millions of devices and apps. For us, working with such a player in the financial data industry is a great way to demonstrate how robust and efficient our product is.

FinDEVr London 2017 is sponsored by TestDevLab.

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

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the CTO of one of the presenting companies, eWise. You can save 20% on your FinDEVr ticket when you register with eWise’s promo code eWise20LD17.

Here’s our interview with Allan See, eWise’s CTO:

Where did you start your career and how did you gain the experience needed to run the tech side of
your company?

See: I started out as junior developer in a startup consulting company in the Philippines. Our main clients back then were other startups that built their business around open source technologies like Maestro for Maven. That’s where I immersed myself with open source technologies and how to navigate through its communities, including with people all around the world from Australia to Asia, Europe and America.

A few years later, I started working for a Japanese company specialized in internet ad marketing – like what Google Adwords does but for the Japanese market. That was my first experience with a massive scale application handling 4TB of data, 1M partner relationships generating 200M page views, 3M clicks and 100k transactions a day. After this experience, I started to work in the banking software space. I joined a fortune 500 company that provides online banking solutions and was managing their channel division. That’s when I heard of eWise and all the great things the FinTech company was doing, which made me decide to join eWise.

From a technologist’s perspective, what’s unique and game-changing about your technology?

See: When I joined eWise, I had the mission to reengineer entirely eWise Aegis, our patented core technology platform that allows safe and secure financial account aggregation. Aegis is ground breaking in the sense that it flips an old idea on its head. When given the task to attain data from several sources, a typical approach would be to check whether those sources have APIs that can be used for data retrieval. If the APIs do not exist, then comes in the hard decision for technical leaders, whether or not they want to opt for the HTML parsing/screen scraping approach. This is usually a hard decision to make because it’s not a matter of whether they can do it but rather, can they maintain it and what would be the cost of maintaining those. And if they do decide to opt for the approach of screen scraping, there’s the matter of accessing data through a secured means. Meaning, they would also have to get access to their users’ financial accounts credentials and store them securely on their servers, so that when they execute their screen scrapers, they can use those credentials to access the user’s data on behalf of that user. Of course, engineering and security teams would always be familiar in how to secure those data from a technical standpoint to a process one, but it would continuously be an arm’s race preventing a possible breach/leak. The risk of losing those data is just too high.

eWise’s Aegis, though, manages all those risks. The platform allows the user to save and store all of their financial accounts credentials (login and password) in the Personal Data Vault installed on their own device, and no one else than the user can access these credentials. Neither the service provider (the bank using eWise Account Aggregation service) nor eWise are storing the user’s credentials, which considerably reduces the risk of being hacked.

That is, Aegis technology allows us to connect both to direct channels like PSD2 APIs and to indirect channels via HTML parsing. Aegis also manages all the complexity of creating and maintaining these connectors by investing in internal tooling to allow us to maintain those connectors the most effective and automated way. And with Aegis’s patented technology, the risk of having all your eggs (i.e. credentials) in one basket (i.e your server) is gone because Aegis connectors run in the client side – i.e. the end user’s device like his laptop or phone. That means eWise’s clients (financial institutions, fintechs, etc.) would just have to provide their users the Personal Data Vault which they install on their laptops or phones, and the Aggregation will be performed from the user’s device. Instead of sending credentials to the server side where aggregators are running, they will send it to the locally installed Personal Data Vault, which means the end user’s credentials never leave their device.

To summarize, what’s ground breaking about eWise’s technology is that it allows data aggregation both via direct channels (APIs) and indirect channels (HTML parsing for non payment accounts – not included into PSD2 scope), and it allows the end users to be the custodian of their own data, not the aggregation provider.

Tell us about your favorite implementation of your solution/technology.

See: We have launched many cool implementations lately. One of the latest ones will be the launch of a challenger bank mobile app, and Account Aggregation is at the core of their app. “First, with the app, you can view your current bank accounts, transfer money instantly, and we’ll save you thousands of pounds a year by analyzing your data and figuring out how we can improve your finances. A central objective is not trying to make customers shift bank accounts – rather, adding loads of value up front,” said their CEO. They are launching a lifestyle focused banking portal, regardless of banking relationships.

FinDEVr London 2017 is sponsored by TestDevLab.

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

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the CEO & Co-Founder of one of the presenting companies, LeanXcale. You can save 20% on your FinDEVr ticket when you register with LeanXcale’s promo code LeanXcale20LD17.

Here’s our interview with Dr. Ricardo Jimenez-Peris, LeanXcale’s CEO & Co-Founder:

Where did you start your career and how did you gain the experience needed to run the tech side of your company?

Jimenez-Peris: For 25 years, I have devoted my career to resolving the main bottleneck of operational databases — transactional processing — in my position as director of Distributed Systems Laboratory at the Technical University of Madrid (UPM). Additionally, I am the CEO and Co-Founder of LeanXcale and the technical director of the international projects CoherentPaaS, LeanBigData and CloudDBAppliance.

During my scientific career, I have been a co-author of over 100 publications in international conferences and journals, co-author of a book on database replication, as well as the manager of large international research projects, such as Adapt, Stream, and CumuloNimbo. The projects included teams between 20 to 50 people and involved 6 to 11 companies and research organizations, receiving public grants amounting to over 6 million euros. In addition, I am a co-inventor of 2 patents and 1 additional patent application. The research of my laboratory resulted in technology transfers to big international companies such as Ericsson, Telefonica, and Bull.

In March 2015, I quit my scientific career to launch LeanXcale. The idea behind the business was to commercialize an ultra-scalable database and the technology at the core of LeanXcale attracted much attention in Silicon Valley. Ten top tech companies — Twitter, Salesforce, Cloudera, HortonWorks, Pivotal, Heroku, HP, and Microsoft — invited me to speak at their headquarters.

From a technologist’s perspective, what’s unique and game-changing about your technology?

LeanXcale has developed an Ultra-Scalable SQL Operational & Analytical database using unique scalability to solve the lack of real-time big data support for financial organizations.

Jimenez-Peris: My favorite features of the LeanXcale platform are

• The scalability of the operational database to millions of transactions per second and 100s of nodes
• The combination of operational and analytical capabilities in a single database system
• The elasticity of the database, which enables the provisioning and decommissioning of new nodes as needed in a totally non-intrusive way.
• The polyglot integration with other NoSQL data stores enabling queries across SQL and different NoSQL data stores.
• The efficiency of the storage engine in multi-core and NUMA architectures, as well as its hardware acceleration by means of vectorial processing and the acceleration, thanks to its hybrid columnar storage.

Tell us about your favorite implementation of your solution/technology.

Jimenez-Peris: Operational database for fintech, either on premise or in the cloud, with capabilities to perform analytical queries over operational data.

FinDEVr London 2017 is sponsored by TestDevLab.

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

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the developer community manager of one of the presenting companies, eSignLive by VASCO. You can save 20% on your FinDEVr ticket when you register with eSignLive’s promo code eSignLivebyVASCO20LD17.

Here’s our interview with Michael Williams, eSignLive’s Evangelism & Developer Community Manager:

Where did you start your career and how did you gain the experience needed to run the tech side of your company?

Williams: My career started as a Technical Evangelist at Actuate Corporation (now OpenText Analytics), a data analytics company. My role there was to build an online community of developers and support them through the delivery of a wide range of tools and documentation. It was an extremely successful model and one that I implemented when I joined eSignLive over two years ago. Today, my team of technical evangelists and I support prospects, customers and partners that use the eSignLive API and SDKs through our online developer community. It has become THE place for developers to find information about how to integrate e-signatures into their web and mobile apps. We’ve developed quick start guides, tutorials, an online forum to enable peer-to-peer conversations, and a code share section where developers can post and find code examples to facilitate rapid integration. A huge success that I am personally very proud of.

From a technologist’s perspective, what’s unique and game-changing about your technology?

Williams: Electronic signature as a whole is game-changing technology because it allows organizations to fully automate businesses processes – processes that would normally fall to paper whenever a signature or approval is required. Taking away the paper problem improves operational efficiencies and helps deliver an exceptional customer experience that can drive high adoption and completion rates. One of the biggest advantages of e-signature technology, and with eSignLive in particular, is the ability to use the same code no matter the deployment type (e.g., public cloud, private cloud or on-premises), device or channel. This can all be done without investing in the test infrastructure for the solution and without costly install periods or developer licenses.

E-signature technology also provides direct visibility into how and when the transaction took place. You can track who signed, in what order, when and where – something that simply isn’t possible in the paper world. Coming from a data analytics background, the more data the customer can gather from a transaction the better. This information is not only beneficial from an audit and compliance perspective but can also help glean insights into the customer journey – enabling organizations to measure the effectiveness of the customer experience and pinpoint areas of drop-off or confusion.

Tell us about your favorite implementation of your solution/technology.

Williams: The analyst firm, Celent, recently published a case study about BMO (Bank of Montreal) and their digital transformation initiative in personal banking. BMO implemented an enterprise-wide eForms and eSignature shared services platform in order to provide a contextual and responsive digital user experience across its mobile account opening process. Partnering with software companies, GMC Software and eSignLive by VASCO, BMO delivered a straight-through digital on-boarding process – enabling customers to open an account using their smartphone in less than 8 minutes. A fantastic customer success story that is helping the bank save $98 million (U.S.) annually.

FinDEVr London 2017 is sponsored by TestDevLab.

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