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DriveWealth Brings Robo-Advisory to China in New Partnership with CreditEase

By David Penn Posted on June 8, 2016
Categories: DriveWealth

The robo-adviser wave rolls on as Finovate Best of Show winner DriveWealth announces that its launch of a new solution designed for Chinese investors called ToumiRA. DriveWealth—partnering with Chinese marketplace-lender and wealth-manager CreditEase to deploy the robo-adviser technology—will serve as the U.S. broker.

“We believe that everyone should have the ability to own a globally diversified portfolio that suits their needs, and the ToumiRA product allows Chinese investors to do just that in a simple and intuitive environment,” DriveWealth Founder and CEO Robert Cortright said. ToumiRA CIO Frank Wang said the partnership will make it possible for investors to have more personalized asset allocations and more diversified portfolios, particularly due to the access to U.S. equities DriveWealth provides.

Pictured (left to right): DriveWealth Chief Information Officer Harry Temkin and Head of Corporate Strategy Michael Fitzgerald demonstrated Real Time Fractional Trading with Passport 2.0 at FinovateEurope 2016 in London.

DriveWealth is the first company to have both the regulatory authority and cloud-based technology to offer access to U.S. equity markets to investors around the world. The company’s full-stack platform enables foreign banks and brokerages to offer customers dollar-based, mobile-first investing with features like real-time, fractional share-trading and best-bid pricing. Read our Finovate Debut post for more on DriveWealth

CreditEase lends to both small businesses and consumers, and is a standing committee member of China’s Internet Finance Industry Association and chairman of Beijing Marketplace Lending Association. The company celebrated its 10th anniversary on May 28. Ning Tang is founder and CEO.

Founded in 2012 and headquartered in Chatham, New Jersey, DriveWealth demoed its Real Time Fractional Trading with Passport 2.0 at FinovateEurope 2016. The company has raised more than $8 million in funding, with its most recent investment a $4.4 million Series A on April 2015 led by Route 66 Ventures. Earlier this month, DriveWealth partnered with Technician, giving its investors and traders access to the more than 80 financial indicators and charting options available on the Technician app. The company, which employs more than 30 and has more than 100,000 users in 150 countries, was recognized by Entrepreneur.com as one of five fintech companies “working to better your investing future.”

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on June 8, 2016
Categories: CardFlight, DefenseStorm, FinDEVr APIntelligence, Flybits, Kabbage, Markit, MX, NYMBUS, OutsideIQ, PayPal, Praesidio, Temenos, Token, Trulioo, UpGuard, Xero

FinDEVrSV16-LogoV2(wdate)

Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report.

UpGuard Brings Better Vulnerability Detection to ServiceNow.

Praesidio Rebrands as DefenseStorm.

The latest from FinDEVr New York 2016 presenters

Infoworld feature on AI shares insights from OutsideIQ CEO Dan Adamson.

Markit partners with BitSight Technologies to enhance its Know Your Third Party (KY3P) platform.

NYMBUS Acquires R. C. Olmstead to Enhance Core Data Processing.

The WSJ calls PayPal “the new face of banking.”

Alumni updates

MX to power Homeownership Preservation Foundation’s digital money management app.

Cater Allen Private Bank to implement new core banking system from Temenos.

Trulioo enhances address validation in Global Gateway.

Token Facilitates PSD2 Compliance with New Payment Network.

Xero integrates with Wells Fargo.

Kabbage Named a CNBC Top Disruptor.

Fragmob and CardFlight Announce Integrated Partnership.

Xero featured as one of first New & Notable Apps on Google Apps Marketplace.

Banking Technology reports that Temenos is nearing a core banking software deal with Iran’s Ayandeh Bank (Future Bank).

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

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Scalable Capital Begins Onboarding U.K. Clients Ahead of July Launch

By Julie Muhn (@julieschicktanz) Posted on June 8, 2016
Categories: Scalable Capital

Investment management platform Scalable Capital took a step today to becoming a more global company by onboarding its first U.K. clients.

A group of select clients on the waiting list will be guided through Scalable Capital’s risk assessment module before their funds go live on the platform. The Germany-based company received approval from the FCA in February and will open up to the general U.K. public in early July.

Scalable Capital seeks to make investment management available to everyone with a flat fee structure of 0.75% p.a. The company differentiates itself with risk management technology that lets clients select from more than 20 different risk categories. Scalable Capital uses Monte Carlo simulations to determine if the client’s portfolio selections will breach their risk limit and automatically rebalances their portfolio until it fits within their specified tolerance.

In March, Scalable Capital raised $7.9 million to grow its client base and expand into additional markets. The company now boasts $12.4 million in total funding. Co-founder and Co-CEO Erik Podzuweit, along with Co-founder and U.K. Managing Director Adam French debuted Scalable Capital at FinovateEuorpe 2016 in London.

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Alpha Payments Cloud Selected for Wells Fargo Spring Startup Accelerator

By Julie Muhn (@julieschicktanz) Posted on June 8, 2016
Categories: Alpha Payments Cloud

FinovateSpring 2015 Best of Show winner Alpha Payments Cloud is one of two early-stage payments companies that Wells Fargo chose to participate in the spring 2016 class of its semi-annual startup accelerator.

During the six-month program, the Singapore-based startup receives an investment ranging from $50,000 to $500,000 and mentorship to help refine its AlphaHub solution that lets banks, merchants, and payment service providers access any payment type or solution provider via a set of APIs. Additionally, the accelerator will help test AlphaHub and guide them through the process of bringing it to market. While the amount of the investment Alpha Payments Cloud received is undisclosed, the company’s valuation stands at $100 million.

About Alpha Payments Cloud’s participation, CEO Oliver Rajic says, “Working with Wells Fargo allows us to learn from one of the world’s most significant and experienced banks and managed service providers (MSPs) and draw upon its deep knowledge pool to continue to evolve our solution and stay ahead of the game.”

EyeVerify, a FinovateEurope 2016 Best of Show winner, is a Wells Fargo Accelerator success story. The Kansas City-based company is a graduate of Wells Fargo Accelerator’s inaugural class of 2014. Earlier this year, the banking giant announced it will deploy EyeVerify’s biometric authentication technology to corporate clients with commercial bank accounts.

Alpha Payments Cloud most recently took the stage at FinovateEurope 2016 in London where it demonstrated how banks, merchants and payment service providers can access more than 250 third-party solutions with the AlphaHub API. In February, the company partnered with Sentenial’s Nuapay to add SEPA Direct Debit functionality to the AlphaHub solutions library.

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Finovate Debuts: Payment Ninja Provides Free Payment Processing, Programmatic Remarketing for SMEs

By David Penn Posted on June 8, 2016
Categories: Finovate Debuts, Payment Ninja

It may take a village to raise a child, but it takes a ninja to provide free payment processing and programmatic remarketing to SMEs looking to save money and sell more.

Payment.Ninja, a startup out of San Francisco, demonstrated its payment-processing technology at FinovateSpring 2016 in May. The solution can be added to an existing e-commerce website with a few lines of code, enabling merchants to accept credit and debit cards, as well as a number of alternative local payment methods around the world. Consumers can save card details or set up future automatic payments. Payment.Ninja works with any currency in the world: The technology charges the payment in the domestic currency, and intelligently routes the transaction to the acquirer with the greatest likelihood of immediate acceptance. Keeping decline rates down is critical to making sure the transaction process is efficient, inexpensive, and friction free.

All this without charge to the merchant. “No processing fees, no interchange, no nothing,” said Andrey Morozov.

Pictured (left to right): Co-founder Andrey Morozov and CEO Daria Dubinina demonstrated Payment.Ninja at FinovateSpring 2016 in San Jose.

In addition to providing free processing, Payment.Ninja leverages the transaction data it processes to provide powerful remarketing resources for small businesses. For example, the technology can generate a Facebook advertisement based on a recent purchase, or notify an online game-player of an opportunity to save on the price of additional game tokens. “People sometimes pay six times in a row,” Andrey Morozov said from the Finovate stage in May, “and go from $3 to $200 in the process.” He pointed out that in both instances Payment.Ninja was able to make an upsell based on consumer behavior.

This versatility gets to some of the ways Payment.Ninja makes money. With the data collected in its Profile Cloud, Payment.Ninja builds and markets custom data-sets of anonymous user profiles. The company mentions other sources of revenue such as cross-sales, lead generation for FIs, and alternative credit scoring reached by using detailed data analytics and AI to avoid showing the competing offers.

Company facts:

Founded in February 2015
Headquartered in San Francisco, California

We spoke briefly with Daria Dubinina and Andrey Morozov during rehearsals at FinovateSpring in May. We followed up with a few questions for Dubinina by e-mail.

Finovate: What problem does your solution solve?

Daria Dubinina: A quarter of small business profits are being swallowed by payment companies. Think of the impact this money could have to the global economy if it remained in the business. There are two main expenses that eat into the budget of any business: payment processing with high fees and dropped baskets, and marketing with complicated and expensive tools, inefficient spending, and traffic fraud.

Finovate: Who are your primary customers?

Dubinina: We are focused on those who need the fee-relief the most: small and medium businesses or SMBs which are 90% of all the world’s businesses generating more than half the GDP in every country in the world.

Finovate: How does your solution solve the problem better?

Dubinina: Payment.Ninja is the world’s first 100% free payment-processing solution that helps merchants sell more with built-in remarketing technologies. Payment.Ninja is a payment solution, which is easily plugged into any website or mobile app, and then it starts to help to run the business—selling merchandise, managing marketing campaigns, increasing a shopping cart value, and protecting against fraud—and of course it will process payments completely free. No transaction fees, no interchange, no nothing. For the clients that don’t have cards, Payment Ninja is offering alternative payment methods internationally, showing the checkout in any language and processing payments in any currency.

Finovate: Tell us about your favorite implementation of your solution?

Dubinina: Our favorite example is one of our merchants, ForGamer, a games publishing portal where customers are playing online games and usually paying for coins that bring “ninja-power” to their game character. Payment.Ninja appears there from the moment of choosing the amount of coins to buy. When players pay online with Payment.Ninja and are getting back to the game, a pop-up appears with an offer to buy more coins for less. Players buy that package, return to game and when they see even better options, they keeping buying and buying. What Payment.Ninja does here is analyze customer’s purchase behavior and deliver the most relevant offers. The solution delivers offers to Google network, Facebook, Twitter, Instagram, and other networks.

Finovate: What in your background gave you the confidence to tackle this challenge?

Dubinina: Payment Ninja has three co-founders: myself, Daria Dubinina; Andrey Morozov; and Alexander Novozhenov. Together we share more than 35 years of experience. Andrey and myself have spent most of our careers in international payments. We know what’s important for merchants in terms of payments and how to create a perfect payment solution. Alexander has spent more than 10 years in marketing and knows everything about client retention, programmatic remarketing, and upselling technologies. The unique mix of our expertise allowed us to create completely free payment processing—connected to programmatic remarketing—that is really strong in data analytics.

Finovate: What are some upcoming initiatives from your company that we can look forward to over the next few months?

Dubinina: In a few months we’re launching sales in the U.S. market. Today at our site, merchants can add their companies to the waitlist for getting the Payment.Ninja solution. We’ve just opened a waitlist, but can tell you now that it will be a huge opening.

Finovate: Where do you see Payment.Ninja a year or two from now?

Dubinina: Payment.Ninja is a real industry pioneer. One to two years from now merchants won’t pay processing fees thanks to our solution. And these are not just dreams: think of text messages. A few years ago, each message cost money, but today everybody knows that paying for text messages is nonsense. Payment.Ninja is doing the same for the payments industry. Our technology allows merchants to forget about processing fees forever, and our mission is to help merchants around the world sell more, hire more, spend less, and drive the global economy.

Check out the demonstration video from Payment Ninja from FinovateSpring 2016.

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Finovate Alumni News

By David Penn Posted on June 8, 2016
Categories: Alpha Payments Cloud, Buzz Points, DriveWealth, Infosys, MX, Payment Ninja, Payoneer, Scalable Capital, Temenos, Top Image Systems, Trulioo, Zopa

On Finovate.com

Finovate Debuts: Payment Ninja Provides Free Payment Processing, Programmatic Remarketing for SMEs.

Alpha Payments Cloud Selected for Wells Fargo Spring Startup Accelerator.

Scalable Capital Begins Onboarding U.K. Clients Ahead of July Launch.

Check out this week’s FinDEVr APIntelligence.

DriveWealth Brings Robo-Advisory to China in New Partnership with CreditEase.

Buzz Points Lands $1.8 Million in Funding.

Around the Web

Cater Allen Private Bank to implement new core banking system from Temenos.

Top five Israeli banks to build mobile check-deposit solution based on mobiFLOW SDK from Top Image Systems.

Zopa named Moneyfacts Personal Loan Provider of the Year 2016.

Trulioo enhances address validation in Global Gateway.

MX to power Homeownership Preservation Foundation’s digital money management app.

Tradestreaming profiles Payoneer and its role in online payments.

Banking technology from Infosys Finacle to help support payments and deposit products for Paytm.

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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MOX Pay from Malauzai is First with RDC as Payment Option

By David Penn Posted on June 7, 2016
Categories: Malauzai, Malauzai Software

With MOX Pay from Malauzai Software, community banks and credit unions will be able to offer their business customers apps that will enable them to accept payments via remote deposit capture (RDC). First to market an RDC-based payment solution, Malauzai sees it as a natural extension of RDC technology, and, in the words of Chief Product Officer Robb Gaynor, an easy way for “local merchants to go mobile.”

“If banks and credit unions don’t proactively serve these technology needs, local businesses will look elsewhere, such as lesser-quality online app builders,” Gaynor said. “This will cause financial institutions to miss a valuable opportunity to extend their relationships with small business customers.”

The Malauzai team pictured (left to right): CTO Danny Piangerelli; VP Craig Agulnek, product management; CPO Robb Gaynor demonstrated MOX Pay powered by Visual App Builder at FinovateSpring 2016.

Part of Malauzai’s Retail+ for Small Business Banking platform and demonstrated live at FinovateSpring in May, MOX Pay enables financial institutions to build mobile wallet apps for their business clients. Consumers can use the RDC technology in the apps to make payments by taking a photograph of a check, which also helps reduce the processing costs and potential mishandling of paper documents. Speaking of the hardware-free payment solution, Redding Bank of Commerce SVP and CIO Blake Pelletier said, “Consumers already understand RDC, so it’s an intuitive progression for them to use this functionality to make payments. Malauzai allows us to bring a service to the business community that currently no other financial institution in our area can provide.” Pelletier’s bank was one of the first to adopt the technology.

Founded in 2009 and based in Austin, Texas, Malauzai Software demonstrated MOX Pay at FinovateSpring 2016. The company announced a partnership with fellow Finovate alum Geezeo in April to add PFM tools to Malauzai’s SmartApps, as well as a deployment of the technology with six of Malauzai’s clients. Earning recognition from the FinXTech for its work with Somerset Trust Company in March, Malauzai has raised $24 million in funding, with its most recent raise an $11 million venture round in July 2015. The company includes Wellington Management and Live Oak Banking Company among its investors.

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Finovate Debuts: IBM’s Wealth Management Solution Gives Advisors an Edge

By Julie Muhn (@julieschicktanz) Posted on June 7, 2016
Categories: Finovate Debuts, IBM

Computer technology giant IBM launched in 1911 as Computer-Tabulating-Recording-Company (CTR) and was renamed International Business Machines (IBM) in 1924.

At FinovateSpring 2016, the company’s presenter Rob Stanich, global wealth management offering manager, began the demo saying, “We come to you from a tech startup based in New York… it’s called IBM; maybe you’ve heard of us.” He jokingly adds, “It took us only 100 years to get here.”

Stanich then explains that they’re doing something new within IBM called Client Insight for Wealth Management powered by IBM Watson, a solution to help advisers segment clients, predict life events and identify product and portfolio recommendations. While IBM has been working in the wealth management industry for some time, this is the company’s first API-based predictive analytics solution for the wealth-management industry.

Financial adviser dashboard

Company facts:

Headquartered in Armonk, New York
300,000 employees
2015 revenue of $81.7 billion

Alex Baghdjian, senior offering associate, financial markets & wealth management, and Rob Stanich, global wealth management offering manager, presented at FinovateSpring 2016.

We chatted with Rob Stanich, IBM global wealth management offering manager, about the new offering:

Finovate: What problem does Client Insight for Wealth Management powered by IBM Watson solve?

Stanich: Client Insight for Wealth Management powered by IBM Watson is an industry-leading, cognitive- and predictive analytics-based solution for wealth management firms, fund providers, and self-directed investment firms of all sizes trying to gain or maintain a technology edge. Unlike any other platform in the industry, CIWM delivers data preparation with an established data schema, integrated, pre-built advanced analytical models, and APIs to deliver insights to any wealth management dashboard.  Our current offering has the some of the following capabilities:

Segmenting and micro-segmenting by behavior to better understand client
Predicting life and financial events to personalize offers, deliver alerts, and provide better service to drive loyalty
Predicting client attrition to protect revenue and wallet share
Understanding client-product propensities to better address client need’s and expand client relationships
Tailoring news and alerts to streamline financial adviser prep before client meetings

Client Profile screen

Finovate: Who are your primary customers?

Stanich: We currently service financial advisers and branch managers at large warehouses, self-directed brokerage firms, and mutual fund wholesalers. We are also going to be reaching the Registered Independent Adviser market through some soon-to-be announced partnerships.

The Branch Manager dashboard

Finovate: How does Client Insight for Wealth Management powered by IBM Watson better solve the problem?

Stanich: We found that there really is this dearth of cognitive and analytics capabilities in wealth management. A lot of our clients want to get started, but have so many other issues affecting them—from new regulations to run the firm’s initiatives–that they haven’t been able to heavily invest in providing their financial advisers with advanced cognitive and analytics solutions. We’re here to solve that problem by providing a pre-built solution that can be stood up within a 12 week timeframe and immediately provide real capabilities and a real ROI.

And they’re not just buying the current capabilities of Client Insight for Wealth Management, but will benefit from IBM’s continuing investment in our roadmap, which will over time expand to cover such topics as prospecting, account aggregation, and adviser-succession planning. Not to mention that our solution will be applying some exciting new and advanced deep-learning techniques from IBM Research as well as integrations to other IBM application families within our Commerce and Watson divisions.

Finovate: Tell us about your favorite implementation of your solution.

Stanich: Our favorite implementations are the ones where we see the client planning to use the solution to assist financial advisers in fully servicing their client’s financial needs. For example, we find a lot of large banks who have clients’ mortgages and checking accounts wanting to also provide [their] financial planning through a financial adviser. If we can have a client’s needs better serviced all in one place–from financial planning, lending, to credit card needs–then it’s a deeper relationship between a client and firm and an overall better client experience.

Finovate: What in your background gave you the confidence to tackle this challenge?

Stanich: I’ve worked on Wall Street and in technology for 20 years now and have witnessed a lot of the major changes we now consider business-as-usual, from the rise of the self-directed brokerage firms in the 1990s to the current rise of the robo-advisers. Nonetheless, I’m a big believer that we’ll never lose financial advisers entirely. They’ll be more like the expert users of some of the same technology coming into the self-directed business today. We’ll augment these professionals to be “smarter” in the same way technology is revolutionizing medicine today, yet we still need doctors to exercise judgement. Change is always disruptive and causes a lot of hand-wringing, but I think we all see the transition happening around us already.

Finovate: What are some upcoming initiatives from Client Insight for Wealth Management powered by IBM Watson that we can look forward to over the next few months?

Stanich: We have some big partnerships that we’ll be announcing soon and some really great functionality on the docket to be released. We’ve already started getting feedback from clients, and the reaction has been overwhelmingly positive. Mainly, we’ll be focusing on the account-aggregation space, financial planning, and prospecting. Our solution is only going to keep getting better and better.

Finovate: Where do you see IBM’s Client Insight for Wealth Management a year or two from now?

Stanich: The vision for Client Insight for Wealth Management is to enable an adviser to service more clients with the same or better level of personalization as servicing their existing book of business, and improve the overall quality of that book. For self-directed firms, the vision is to deliver a more personalized level of service digitally, by arming them with some of the same advanced predictive and cognitive analytics becoming prevalent in other industries.

Finovate: What kind of metrics or facts about IBM’s Client Insight for Wealth Management can we share with our readers?

Stanich: It is the wealth management industry’s first pre-built, cognitive and analytics solution. We also have similar industry-specific offerings in banking, insurance, trade surveillance, and regulatory compliance.

Rob Stanich, global eealth management offering manager, and Alex Baghdjian, senior offering associate, financial markets & wealth management, presenting at FinovateSpring 2016:

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Splitit Launches Shopify Plugin

By Julie Muhn (@julieschicktanz) Posted on June 7, 2016
Categories: PayItSimple, SplitIt

Splitit (formerly PayItSimple), a startup that lets consumers pay for a large ticket over time, has partnered with Shopify to offer merchants access to its payments-plan technology via plugin.

The plugin, now available on Shopify’s app store, allows merchants using Shopify to integrate Splitit into their checkout process. The Splitit tool—enabling Visa and MasterCard cardholders to split purchases into interest-free, monthly payments by leveraging the customer’s existing credit—offers access to Shopify’s 275,000 merchants in 150 countries.

This announcement comes after the New York-based company’s integration with ecommerce platforms WooCommerce and Magento. According to the company, merchants using Splitit on these platforms have seen an average increase of 20% on overall sales within the first two months of implementation.

Founded in 2013, Splitit launched as PayItSimple at FinovateFall 2014. Earlier this month, the company made inroads into the medical billing industry by teaming up with DOCPAY to set up interest-free medical payment plans for patients.

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CrowdFlower Closes on a $10 Million Round Led by Microsoft

By Julie Muhn (@julieschicktanz) Posted on June 7, 2016
Categories: CrowdFlower, Funding

Data collection and cleaning platform CrowdFlower closed on $10 million in funding led by Microsoft Ventures. Also participating in the Series D round are Canvas Ventures and Trinity Ventures.

CrowdFlower’s funding now totals $38 million. The company will use the funds to speed adoption of CrowdFlower AI.

The company gave a Best of Show-winning presentation at FinovateFall 2014 where it demonstrated how its on-demand workforce cleans and labels financial transaction data. Banks upload their data, define their task, and launch their job. CrowdFlower’s taskforce steps in to do what a computer can’t. The crowdsourced workforce completes micro-jobs to fill in holes in incorrect or incomplete data. The company leverages this effort in its recently launched CrowdFlower AI that combines human intelligence with machine learning to create what the company calls, Human-in-the-Loop, a product that uses active learning to make machine learning more viable.

In a blog post, company CEO and founder Lukas Biewald (pictured right) says, “There are always places where algorithms struggle … . We’ve made it easy to automatically identify where machine learning is struggling and send them back to CrowdFlower jobs for humans to label.”

Founded in 2009, the San Francisco-based company’s customers include LinkedIn, Intuit, Flickr, and eBay.

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Token Facilitates PSD2 Compliance with New Payment Network

By Julie Muhn (@julieschicktanz) Posted on June 7, 2016
Categories: Token

Palo Alto-based Token launched a new payment rail to help banks comply with Europe’s Revised Directive on Payment Services (PSD2), a framework that provides the legal foundation for a European Union-wide, single market for payments.

The new network, which is based on programmable tokenization technology, integrates with a bank’s core APIs, policies and procedures. Token helps banks monetize their APIs by offering access to third parties while limiting disintermediation and security risks associated with opening its APIs.

Token CEO Steve Kirsch created the company to “meet the needs of payments in the digital age.” Kirsch noted that a bank’s “over-reliance on out-dated networks and third-party service providers is not only commercially counterproductive, [but] also a security nightmare.”

Token uses smart tokens, a digital representation of money, to secure the transaction flow and keep banks in control of the entire process. Here’s how it works:

When the user makes a purchase, the merchant requests a token. The user’s bank processes the request through its Token Layer, confirms the user’s credentials, and approves the purchase.
The user receives and digitally signs to accept the token on their mobile device. The bank receives and confirms the user’s signature.
The approved token is sent to the merchant.
The merchant sends the bank the Token ID and payment request.
The transaction settlement occurs instantly through Token if both banks are Token-enabled. Otherwise, it goes through the bank’s legacy rails.

Token was founded in 2015 by CEO Steve Kirsch. The company debuted at FinovateSpring 2015 (video below) and also appeared at FinDEVr San Francisco 2015 where the company’s VP of Development Bill York gave a presentation titled, The Future of Payments is Now.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on June 7, 2016
Categories: ACI Worldwide, Betterment, CrowdFlower, Dashlane, Fiserv, Flybits, IBM, Insuritas, Kabbage, Kony, Malauzai, Malauzai Software, NICE Systems, Ripple, SplitIt, Token, Xero

On Finovate.com

“Token Facilitates PSD2 Compliance with New Payment Network”

“CrowdFlower Closes on a $10 Million Round Led by Microsoft”

“Splitit Launches Shopify Plugin”

“Finovate Debuts: IBM’s Wealth Management Solution Gives Advisers an Edge”

“MOX Pay from Malauzai is First to Unveil RDC as Payment Option”

On FinDEVr

“Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report”

Around the web

Xero integrates with Wells Fargo.

TechCrunch: Dashlane launches a password-management tool for the enterprise.

AppsTechNews chats with Kony CTO Bill Bodin on the pace of enterprise app change.

“Kabbage Named a CNBC Top Disruptor”

Benzinga profiles Betterment CEO Jon Stein.

Me/CU to deploy account-processing platform and digital banking suite from Fiserv.

Insuritas to power insurance solution for Patelco CU.

NICE Actimize teams up with Mphasis to provide anti-fraud, enterprise risk, and compliance solutions.

Volate Technologies launches solution for “plug and play” integration with Ripple.

ACI Worldwide partners with U.K.-based Raphaels Bank to provide access to the Faster Payments Scheme.

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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