FinovateFall Sneak Peek: iBank Marketing

FinovateFall Sneak Peek: iBank Marketing
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2016, FinovateFall 2016 Sneak Peek, iBank Marketing

Screen Shot 2016-08-15 at 12.55.30 PM

FF2016-Logo-wdate-largeA look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

iBank Marketing offers a new experience driven by combining financial/nonfinancial services to retail customers and new marketing opportunities to corporate customers.

Features:

  • Support to achieve savings via goal deposit function
  • Capture consumers’ behavior and identify customer preference
  • Create ecosystem with partners to develop and expand cross-industry business

Why it’s great
Covers the business cycle: identifies customer preferences; stimulates customer needs; provides financial support; and stimulates purchasing behavior.

Screen Shot 2016-08-15 at 1.00.05 PMPresenters

Kenichi Nagayoshi, CEO
Nagayoshi is CEO of iBank Marketing and has over a decade of experience in the corporate-planning division of a regional Japanese bank. In 2014, Nagayoshi established iBank Marketing to build a financial services platform.

Masato Kubota, Senior Manager

Teppei Fujiwara, Manager

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Betterment, BondIT, Ethoca, Featurespace, Fiserv, iBank Marketing, Jumio, Mortgagebot, Payoneer, Quantopian, Realty Mogul, RightCapital, TransferWise, Trulioo, Uniken

On Finovate.com

  • TransferWise Launches TransferWise for Business to the Public
  • RealtyMogul to Raise $50 Million with New REIT, MogulREIT I

Around the web

  • ACI Worldwide integrates Ethoca Alerts into its UP eCommerce Payments solution.
  • Trulioo announces enhancements to the global AML watchlist capabilities of its GlobalGateway platform.
  • Realty Mogul launches REIT investments.
  • Two credit unions select Fiserv’s OnCU for core account processing.
  • Payoneer releases automated tax-form service to its mass payout offering.
  • D+H brings on 100+ new lenders to its MortgagebotLOS solution after signing reseller agreement with DocMagic in October of 2015.
  • FT.com looks at Quantopian in a feature on DIY algorithmic trading.
  • Jumio VP of Product Philipp Pointner writes about digital ID verification in AltFi News.

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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Bento For Business Unveils New Mobile App

Bento For Business Unveils New Mobile App
By David Penn Posted on
Categories: Bento for Business

BentoforBusiness_homepage_August2016

Bento for Business has released its new mobile app. The solution makes it easier for employees to review their business’s debit-card balances, tag and annotate expenses for simpler reporting and reconciliation, as well as attach receipts to individual transactions using the smartphone’s camera. Optimized for use with smartphone rather than tablets, the Bento mobile app is available for free on both iOS and Android.

“Employees rejoice! Bento’s mobile app is here,” Bento for Business wrote in tweeting the news this afternoon. “Check balances on-the-go. Smart #expense #management is here.”

BentoforBusiness_mobileapp_droid

Bento for Business specializes in providing solutions to help small business owners better manage expenses. With its Bento Prepaid MasterCard, the company offers employers a way to empower their employees to make necessary, work-related purchases while ensuring employers have maximum spending visibility and control. Bento also provides businesses with an analytic dashboard that provides a wholistic view of spending, as well as per-card information as to transaction type, location, employee, etc. “We want to work with banks, with service providers,” Bento for Business CEO Farhan Ahmad said during his Finovate demonstration in the spring of 2015, “to curate and build beautiful, simple—and most of all, useful—products that are built just for small businesses.”

Founded in 2014, the San Francisco-based company demonstrated its technology at FinovateSpring 2016. Bento for Business picked up a $7 million investment in a Series A round led by Comcast Ventures and featuring the participation of Anthemis Group, Blumberg Capita, and Lionbird. Individual investor Dan Henry, former NetSpend CEO, also participated. Read more about Bento for Business in our Finovate Debuts feature.

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Envestnet | Yodlee’s Terry McKeown on Thin Files, Fintech, and the Foundation of Credit

Envestnet | Yodlee’s Terry McKeown on Thin Files, Fintech, and the Foundation of Credit
By David Penn Posted on
Categories: Envestnet, Yodlee

EnvestnetYodlee_homepage3_Aug2016

What are reliable credit assessments made of? These days the answer could be anything from FICO scores to feedback from social media activity on LinkedIn or Facebook. And while Terry McKeown, practice manager of credit analytics at Envestnet | Yodlee, finds some of the newer approaches to risk and credit assessment novel—and in some instances worth pursuing—his expert opinion is to to keep all eyes on the prize: the borrower’s ability to repay the amount borrowed and a track record of making those payments consistently.

Yodlee_TerryMcKeown“I’m a big fan of the foundations of credit,” McKeown said in a telephone conversation last week, harkening back to the days when lending discussions took place over a desk in an office rather than over the internet. Besides traditional credit-bureau data, he sees interesting potential in alternative and nontraditional data such as checking-account transactions and utility-bill payments when it comes to risk assessment, especially for those with short or even nonexistent credit histories. Populations with slim to invisible histories include millennials, immigrants, the elderly, the unbanked and underbanked. McKeown also sees value in examining traditional data in nontraditional ways, such as using checking account or mobile wallet payment data as a guide to a borrower’s consistency when it comes to paying bills. “This data can show both income stability as well as income verification by way of direct deposit,” he explained.

Other data alternatives he finds interesting include using LinkedIn to verify employment history and patterns, reviewing milestones in a Facebook profile for potential life changes, or perusing the Yelp reviews of a small business person seeking a loan. That said, McKeown sees many of these alternative metrics as still works-in-progress, saying that while they are “incredibly insightful,” many of these approaches are still very much “in early stages from an analytic standpoint.”

The interest in alternative credit and risk assessment becomes more important as the availability of new forms of data (including new technologies to access that data) converges with financial institutions determined to “catch up” with their increasingly mobile, increasingly young, potential customer base. “It’s been very much an education,” McKeown said, pointing out that millennials have different needs compared to, for example, those of gen-Xers when they were the same age.  The upshot: Traditional credit-bureau data becomes less relevant owing to data viewed at a summarized level and not being updated daily as is the transaction-level data that Envestnet | Yodlee provides.

So what’s the solution? McKeown points to two key dynamics: creative engagement and higher expectations. For McKeown, millennials—and to an extent other underbanked communities—”want a partner in their finances that thinks and behaves like them.” This means everything from meeting the customer on their channel (or channels) of choice to greater flexibility and understanding when it comes to matching customers with products. This also means that FIs need to be ready to do more to meet the changing expectations of their potentially less patient, more technologically savvy clientele. “Millennials expect to have real-time pricing information based on real-time data available at the click of a mouse or via their mobile device,” McKeown said. “They expect an intuitive, simplified application process, whether it is delivered in person or over the Internet, or through a phone app.”

That said, the key to attracting and better engaging with millennials is less a technological challenge and more a cultural one, as McKeown sees it. “Problems with accurately credit-scoring people in their 20s and early 30s [are] nothing new,” he says. What is new is a generation that is simultaneously more free and more connected than its predecessors, giving financial services professionals both new challenges and new opportunities when it comes to engaging both “America’s largest generation” and the underbanked alike.

About Envestnet | Yodlee

Envestnet acquired multiple Best of Show winner Yodlee for $680 million almost one year ago. The company announced a strategic partnership with United Capital earlier this month, in which the company’s data-aggregation technology will support United Capital’s FlexScore solution. FlexScore, a Finovate alum, was acquired by United Capital in February. More than 1,000 firms, including more than half of the 20 biggest banks use Envestnet | Yodlee’s platform to drive apps for millions of customers around the world.

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CardFlight to Power EMV Mobile Processing for BluePay

CardFlight to Power EMV Mobile Processing for BluePay
By Julie Muhn (@julieschicktanz) Posted on
Categories: CardFlight

Screen Shot 2016-08-15 at 10.01.08 AM

Mobile payment infrastructure startup CardFlight announced that it is collaborating with merchant account provider BluePay. Illinois-based BluePay will leverage CardFlight’s point-of-sale solution SwipeSimple to facilitate the launch of its EMV mobile processing offering.

CardFlight’s SwipeSimple mobile processing platform offers cloud-based inventory and item tracking as well as a reporting portal that helps companies manage their business. It also comes with an EMV chip reader to help merchants reduce card-fraud losses.

Tim Trench, BluePay’s EVP of product, said that the company selected SwipeSimple because it is the company’s “top priority to provide the most advanced payment-security methods to maintain trust and business.”

Headquartered in New York and founded in 2013, CardFlight’s SDK works with its hardware EMV and magstripe card-readers to help developers build card-present mobile payments into their own apps. At FinovateSpring 2013, CardFlight debuted its developer dashboard. The company showed off its SDK for mobile payments at the inaugural FinDEVr Silicon Valley in 2014. Tickets to this year’s FinDEVr developers conference are on sale now. Check out the event to learn more and register today.

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NYMBUS Raises $12 Million in Round Led by Vensure Enterprises

NYMBUS Raises $12 Million in Round Led by Vensure Enterprises
By David Penn Posted on
Categories: Funding, Fundings, NYMBUS

NYMBUS_homepage_August2016

Core-processing platform-developer NYMBUS has raised $12 million in financing in a round led by Vensure Enterprises. The investment will help the company speed product deployment as well as provide greater infrastructure support for its SmartCore platform.

According to NYMBUS, the funding could not have been better timed. Pointing to “already high demand” for its cloud-based SmartCore technology, NYMBUS Executive Chairman Scott Killoh said, “These banks and credit unions have a strained business model as they face increasing operational costs, severe regulatory pressures, while also being forced to utilize technology that is putting them at risk for survival.” Killoh said technology like NYMBUS was vital to help these FIs “survive, grow, and support their local communities.”

NYMBUS_stage_FS2016b

Chief Experience Officer Mario Garcia demonstrates the NYMBUS platform at FinovateSpring 2016 in San Jose, California.

“We are thrilled that the funding will allow us to quickly scale our user base, as well as our service and support teams, to drive growth and innovation that this market so desperately needs,” said David Mitchell, NYMBUS president and CRO. The company’s SmartCore technology was launched last year to help smaller FIs transition away from older core systems that are often lacking in innovation and heavy in cost. NYMBUS, which aspires to be the “Tesla of banking,” instead provides a full-stack, API-driven platform, one that is HTML5, browser-based, built in Java and fully-hosted.

The new funding for NYMBUS comes after the company spent most of the summer making a variety of strategic acquisitions. NYMBUS acquired core data-processing, solutions-provider R.C. Olmsted for an undisclosed sum in June, the same month it bought credit union software technology company, KMR and core processing vendor, Sharp BancSystems. NYMBUS says that the trio of acquisitions has resulted in a company with $200 million in intellectual property powering real banking software in publicly traded banks and credit unions. The company launched its credit union service organization (CUSO) in March, and in February, partnered with fellow Finovate alum and PFM innovator, Geezeo.

Founded in 2015 and headquartered in Miami Beach, Florida, NYMBUS demonstrated its technology at FinovateSpring 2016. The company also participated in our developer’s conference, FinDEVr New York 2016, earlier this year, presenting its advanced core-processing platform for FIs.

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Finovate Alumni News

By David Penn Posted on
Categories: Bento for Business, CardFlight, Compass Plus, DriveWealth, Kony, NYMBUS, Ping Identity, Tango Card, Temenos, ThetaRay, ThreatMetrix, Zooz

On Finovate.com

  • NYMBUS Raises $12 Million in Round Led by Vensure  Enterprises
  • CardFlight to Power EMV Mobile Processing for BluePay
  • Bento for Business Unveils New Mobile App

Around the web

  • Investopedia features Zooz and ThetaRay in a look at Israeli fintech startups.
  • National Bank of Kuwait goes live with Temenos Treasury Trader.
  • Compass Plus earns Faster Payments accreditation.
  • InformationWeek lists CrowdFlower in its lineup of cool machine learning startups to watch.
  • Ping Identity launches Contextual Access Management capabilities to help companies with digital transformation and cloud and mobile initiatives.
  • GeekWire features Tango Card. Watch the startup’s live demo at FinovateFall next month.
  • Kony enhances support for applications running on Amazon Web Services (AWS) and updates offerings in AWS Marketplace.
  • ThreatMetrix appoints key executives to initiate Asia Pacific expansion.
  • TradingView announces support for DriveWealth.

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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Fintech Trending: Alt-Lending Woes, Asia Grows and Everbank Exits

Fintech Trending: Alt-Lending Woes, Asia Grows and Everbank Exits
By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, BanQu, Fintech Trending, Fiserv, InComm, Lending Club, MasterCard, On Deck Capital, PayPal, Prosper, Trulioo, VISA, Xero

A look at the trending topics of the past two weeks.

Trending highest: No Lush Life for Alt Lenders

LushLIfe_Coltrane_albumcoverIf unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. For every headline-grabbing C-level departure at Lending Club (F09)—CEO Renaud Laplanche stepping down in June, CFO Carrie Dolan announcing her resignation in August—there are successes: Prosper (F09) revealed its plan to sell $5 billion in loans to a group of private investors over the next two years; small business lender OnDeck (F12) surpassed earnings expectations despite its second consecutive quarterly loss and reported year-over-year quarterly revenue gains, as well as a year-over-year increase in loans under management of 47%.

So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Diverging fortunes among these companies is a good sign. The more the fates of alternative lenders are linked to the decisions of individual corporate leaders, their business plans, and their customers rather than investing trends among venture capitalists (or hedge funds in the case of alt lenders gone public), the better. Looking at the P2P lending market in the U.K., LendInvest CEO Christian Faes told Business Insider, “Over the next few years, the businesses that can prove they can make a profit will be the ones [still] around in another ten years, making a lasting impact on finance.” In other words, just like any other business.

For Lending Club, the challenge is diversifying away from “fickle funding sources.” In addition to Prosper’s $5 billion move, Social Finance went so far as to launch a hedge fund, the $15 million SoFi Credit Opportunities Fund, to purchase its loans as well as those of its competitors.

  • OnDeck Loan Originations (And Loan Loss Provisions) Soar – PYMNTS.com
  • OnDeck Defends Strategy After $17.9 Million Loss – American Banker
  • Online Lenders Have a Tough Job Ahead – Wall Street Journal
  • The U.K.’s historically low interest rate could benefit alternative lenders – Business Insider
  • Lending Club’s latest results tell us a lot about the online credit business model – FT Alphaville

Other trending topics

Fintech Advances in Asia
While investors have been bullish on the tech scene in Asia for some time, a slew of new reports appeared this month. TechCrunch recently reported that in 2015 and the first half of 2016, fintech accounted for 21% of all VC funding in Southeast Asia. In a recent blog post, Trulioo (F15) said that fintech startups in Asia garnered $4.5 billion in 2015, triple what European fintech firms received during the same period. Recent developments include:

It’s no coincidence that Finovate is returning to Asia now to bring the innovators together in one place. Join us November 8, 2017, in Hong Kong for FinovateAsia 2016 as we showcase the latest and greatest.

Blockchain Developer, UNICEF Wants YOU!
The United Nations Children’s Emergency Fund is looking for a developer interested in using blockchain technology to help “solve the problems of the developing world.” Interested parties can find out more about the position here. And if the combination of blockchain and the developing world sounds familiar, it may be because you’re thinking of recent Finovate Best of Show winner BanQu (F16) which has developed a blockchain-based identity platform that promotes financial inclusion and empowerment among the underbanked, including refugee populations.

Hello, It’s Me: Voice Auth Comes to Barclays
Barclays adds instant voice authentication for all 12 million retail customers, ending 30 years of maneuvering through tedious telephone prompts and redundant authentication questions. – Bank Innovations

Everbank’s Awesome Exit
1990s digital banking pioneer Everbank exits for $2.5 billion in sale to TIAA. After PayPal (F12), this is the most successful fintech company to come out of the original 1990s dot-com era. – PYMNTS.com

Mastercard on the Move
Early Warning’s clearXchange saw some growth as of late. Mastercard, which announced this week that its Mastercard Send U.S. debit cardholders can send and receive money through the clearXchange network. Fiserv (F16) will also become a distribution partner for clearXchange, leveraging the partnership to provide a turnkey solution for banks.

Speaking of Mastercard, the company is looking at the newly announced partnership between PayPal and Visa (FD14), with an eye toward striking a similar deal. Finextra talked with Mastercard CEO Singh Banga who said it will be “important for Mastercard to provide something in addition to what Visa’s offered” as Mastercard “doesn’t have as much to offer PayPal” as Visa did because it has fewer consumers.

Azimo Goes Social
London-based Azimo (F13) took a step toward facilitating P2P payments by launching money transfers via Facebook Messenger. Interestingly, the transfer is initiated within the Azimo app (via Facebook integration) and completed in Facebook Messenger.

Insurance for Everything
Insurance startup investors are betting big that the smartphone platform allows a new breed of insurance products to flourish, so-called insurance on demand. The classic example is an alert when arriving at the airport asking if you would like to buy travel insurance. But the bigger market automobile/motorcycle policies are offering coverage only when you are using the vehicle. Our Insurance for Everything example of the week? On-demand insurance for your drone courtesy of Verifly. – Techcrunch

Also keeping our eyes on …

  • On August 2, 2016, Bitcoin dropped 20% after $70M worth of bitcoin (around 12,000 BTC) was stolen from Bitfinex exchange. The company is now offering a reward of up to $3.6 million for the recovery of the digital currency. Bitfinex said it has taken “significant steps” to improve its security, and resumed trading on its platform on Thursday, August 10. – TechCrunch
  • The U.K.’s FCA has granted app-only bank Mondo a banking license, thereby joining the ranks of neobanks Atom Bank, Tandem, and Starling. – The Financial Times
  • “An Interview with the Inventor of the Credit Card Chip Reader” – The New Yorker
  • “The Dawn of the Virtual Assistant” – The New York Times

Parentheticals after a company name refer to the year of their most recent Finovate or FinDEVr conference appearance (F = Finovate, FD = FinDEVr).

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vaamo Partners with N26 (Formerly Number26)

vaamo Partners with N26 (Formerly Number26)
By Julie Muhn (@julieschicktanz) Posted on
Categories: vaamo

Screen Shot 2016-08-12 at 9.20.56 AM

Screen Shot 2016-08-12 at 11.12.04 AMRobo-adviser solutions-provider vaamo teamed up with one of the hottest fintech players in Germany today, neobank N26 (formerly Number26). N26 is using vaamo’s API to offer clients N26 Invest, a co-branded solution that lets users select from three investment strategies depending on their risk tolerance.

After developing its robo-adviser platform for private investors in Germany, vaamo is seeking to bolster its B2B business model. The company will power an online, automated investment solution for N26. This is the first third-party partner vaamo has signed for its B2B solutions, which can be co-branded or fully white-labeled and are available as a financial intermediary or discretionary portfolio-management solution.

vaamo says its robo-adviser platform addresses younger customers who are “not easily accessible via traditional sales channels” and it helps businesses more profitably serve customers with smaller investment volumes. Maximilian Tayenthal, founder of Number26, said, “vaamo matches perfectly our concept and enables us to provide our customers with an easy and reasonable investment opportunity.”

vaamo launched its goal saving app at FinovateEurope 2014 in London. The company has raised $3.8 million in two rounds from Route 66 Ventures.

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FinDEVr Alum UpGuard Raises $17 Million Series B

FinDEVr Alum UpGuard Raises $17 Million Series B
By David Penn Posted on
Categories: Funding, Fundings, ScriptRock, UpGuard

UpGuard_homepage_August2016

Cybersecurity specialist UpGuard has raised $17 million in new funding from a group of investors that included a “strategic investment” from Australian insurance giant, IAG. The company, which made its FinDEVr debut last fall in San Francisco as ScriptRock, will use the capital to help grow its CSTAR cybersecurity preparedness-assessment solution, as well as double staff to 120 by early next year. UpGuard co-CEO and cofounder Mike Baukes said that “by providing the tools needed to build resilient information systems, make strategic decisions with real data in real time, as well as obtain cyber insurance should the worst case scenario occur, we equip businesses to start fighting fire with fire.”

UpGuard_Scriptrock_stage_FDSF2015

Alan Sharp-Paul, cofounder and co-CEO of UpGuard, during his presentation, “Integrity in the Age of DevOps,” at FinDEVr San Francisco 2015.

The Series B was led by new investor Pelion Venture Partners and existing investor Square Peg Capital. All of UpGuard’s other current investors participated in the round as well, which takes the company’s total capital to $27 million. Speaking about the investment, Pelion Ventures Partner Chris Cooper said, “UpGuard’s ability to assess both external and internal risk factors is a huge step forward in understanding the complete security posture of a business.” He also praised CSTAR’s “technical rigor and simplicity” when it comes to helping companies to better manage data-breach risks.

CSTAR provides enterprises with a comprehensive and actionable cybersecurity preparedness score. FinDEVr2015-AlumniV2Similar to the way financial risk is aggregated into credit scores for consumers, CSTAR gives businesses such as ADP, Citrix, and Rackspace a single, wholistic risk metric that still enables them to drill down to the server or device level to spot and remedy potential vulnerabilities. UpGuard believes CSTAR can serve as the basis for a cyber-risk benchmark for businesses and consumers alike, and will explore new opportunities with insurance companies, such as with IAG, to help them better assess their customer’s cyber risks. The company also provides a free external assessment tool for websites.

Founded in Australia and headquartered in San Francisco, UpGuard presented “Integrity in the Age of DevOps” at FinDEVr San Francisco 2015.

Looking to make your own splash in the world of DevOps? Join us for FinDEVr Silicon Valley 2016, on October 18 & 19, as we dedicate two days to the people who put the “tech” in fintech. Visit our registration page and save your spot today.

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Finovate Alumni News

By David Penn Posted on
Categories: ayondo, BizEquity, Chain.com, Shoeboxed, UpGuard, vaamo, Xero

On Finovate.com

  • Fintech Trending: Alt Lending Woes, Asia Grows, and Everbank Exits
  • FinDEVr Alum UpGuard Raises $17 Million Series B
  • vaamo Partners with N26 (Formerly Number26)

Around the web

  • ayondo launches simulated trading app, the ayondo academy.
  • Chain announces new partnership with Initiative for Cryptocurrency and Contracts (IC3).
  • Shoeboxed launches Direct Downloads for reports.

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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Braintree, Finicity, and Twilio Take Top Honors at API World Awards

Braintree, Finicity, and Twilio Take Top Honors at API World Awards
By David Penn Posted on
Categories: Braintree, Finicity, Twilio

2016API_Awards_homepage

Finovate and FinDEVr alums Braintree, Finicity and Twilio won recognition at the API World Awards sponsored by API World 2016. Braintree earned the top spot in the Payment APIs category for its payments-platform technology, and Finicity won first place in the Finance APIs category for its Financial Data API with TxPUSH. Twilio was the top recipient of votes in the Communication APIs category. The three companies were among 18 startups competing in more than 30 API categories ranging from API Infrastructure and API Security to Enterprise APIs and Internet of Things APIs.

The jury of six featured Michael Ludden, product manager, developer relations for IBM Watson; John Musser, founder and CEO of API Science; Neha Sampat, CEO of Built.io; Michael Stowe, developer relations manager for MuleSoft; Steven Willmott, CEO of 3scale; and Rob Zazueta, director of digital strategy, TIBCO Software.

API_Award_BraintreeBraintree’s payment platform serves both online and mobile merchants, providing a secure payment gateway, merchant account, recurrent billing and credit card storage. The company’s APIs are used around the world, giving businesses in 40 countries in North America, Europe, and Australia the ability to accept payments in more than 130 different currencies. Braintree demonstrated its payment solution Venmo Touch at FinovateSpring 2013, and more recently has been a mainstay of our FinDEVr developer conferences on both East and West Coasts. Braintree, which was acquired by PayPal for $800 million in cash in 2013, announced that its Venmo P2P solution could be used for in-app purchases with selected merchants starting last month.

API_Award_FinicityBased in Salt Lake City, Utah, Finicity demoed its Data Services technology at FinovateSpring 2015, and more recently presented at FinDEVr New York 2016 this spring. At FinDEVr, Finicity unveiled the first TxPUSH-compliant, real-time aggregation service that pushes transaction data to software apps rather than the standard “pull” methodology common to most aggregation services. The company joined forces with fellow FinDEVr alum Intuit when the latter transitioned away from financial data services earlier this year, and acquired fellow Finovate alum Aurora Financial Systems last fall. Nick Thomas is president and co-founder.

API_Award_TwilioTwilio demonstrated its Authy Two-Factor Authentication technology at FinDEVr San Francisco 2015 and at FinovateFall 2015. The company went public in June, raising more than $150 million, and now sports a market capitalization of $4 billion. Twilio announced that it would help AWS deliver SMS messages in July, and was named to the 2016 CNBC Disruptor 50 in June.

FinDEVr Silicon Valley 2016 goes live 8/9 October. Join us for two days of developer-friendly presentations, demonstrations, case studies, and more. Tickets are on sale now. So visit our registration page today and save your spot!

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