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FinovateSpring Sneak Peek: ThreatMetrix

By David Penn Posted on May 3, 2016
Categories: FinovateSpring 2016, FinovateSpring 2016 Sneak Peek, ThreatMetrix

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

ThreatMetrix, the Digital Identity Company, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet.

Features:

Digital Identity Graph is a global, anonymized, real-time risk system that separates good customers from fraudulent users for financial institutions.

Why it’s great
The ThreatMetrix Digital Identity Graph is a game-changing new technology in the risk-based authentication and cybersecurity area.

Presenters

Andreas Baumhof, Chief Technology Officer
As the technology lead for ThreatMetrix, Baumhof is also an internationally renowned cybersecurity expert with deep experience in encryption, PKI, malware, and phishing.
LinkedIn

Dean Weinert, Director of Mobile Products
Weinert is a noted industry expert in issues relating to online fraud, cybercrime and information security. He has worked for ThreatMetrix for eight years as director of mobile products.
Linkedin

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FinovateSpring Sneak Peek: Auvenir

By David Penn Posted on May 3, 2016
Categories: Auvenir, FinovateSpring 2016, FinovateSpring 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

The passionate team behind Auvenir is driven to significantly increase trust and confidence in capital markets with a learning, adaptive platform for excellence in assurance, due diligence, and auditing.

Features:

Intuitive and adaptive user experience
Convergence of exponential technology on cloud-based platform
Empowers auditors and other risk assessors with a complete and clear picture of complex businesses

Why it’s great
An intuitive, web-based platform, designed to scale using converging technologies to provide sophisticated machine assistance to client, auditor, and other risk assessors.

Presenters

Pete Myers, CEO
Myers is a seasoned entrepreneur with over 18 years of experience building and transforming small and medium-sized businesses into successful enterprises.
LinkedIn

Jon Felske, CTO
Felske has 16+ years of experience in developing technology and working at the cutting edge of R&D in the telecom industry and startup world.
LinkedIn

Eziah Syed, Adviser
Syed has 20+ years experience in innovation, new products, new ventures, and white space growth opportunities with a particular focus and emphasis on technology products.
LinkedIn

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Fiserv and INETCO Team Up to Enhance ATM Management

By Julie Muhn (@julieschicktanz) Posted on May 3, 2016
Categories: Fiserv, INETCO Systems

Financial services giant Fiserv and transaction monitoring and analytics provider INETCO announced a partnership today that will benefit both parties.

Wisconsin-based Fiserv will act as a reseller for INETCO’s Insight and Analytics solutions, offering the products to ATM and self-service operators. INETCO, in turn, will integrate its real-time transaction data and analytics content into Fiserv’s Device Manager monitoring solution.

Incorporating INETCO’s data analytics into Fiserv’s Device Manager solution will help ATM network managers increase the availability of devices and number of successful transactions by improving fault management, service management and troubleshooting. Additionally, the alerts offer managers visibility into transaction activity and the availability of currency across their network.

INETCO’s Marc Borbas, VP product marketing, and CFO Dallas Pretty debuted INETCO Analytics at FinovateSpring 2015. Last month BECU won the 2016 Celent Model Bank award in part for its INETCO-powered transaction-data streaming and transaction-analytics capabilities.

Fiserv showed off Mobiliti Enterprise at FinovateFall 2015 in New York and will debut its latest set of tools next week at FinovateSpring in San Jose. There’s still time to register—but hurry, there’s not much time left.

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FinovateSpring Sneak Peek: CRMNEXT

By David Penn Posted on May 3, 2016
Categories: CRMNEXT, FinovateSpring 2016, FinovateSpring 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

A magic quadrant leader, CRMNEXT is making its North American debut. CRMNEXT is the unified platform changing the landscape for customer engagement, removing barriers between human and digital channels for the world’s largest banks.

Features:

The only complete omnichannel, financial services, customer-engagement solution
Powerfully unifies customer interactions
Simplifies and automates processes and enables universal bankers

Why it’s great
Proven with 250,000 bankers and serving 150+ million customers, CRMNEXT redefines the role of CRM in orchestrating engagement growth, profitability, and time-to-market for innovation delivery.

Presenters

Joe Salesky, CEO, North America
A Finovate pioneer, Salesky was CEO and founder of ClairMail, the breakthrough platform for mobile banking/payments. He’s led serial visionary successes in software and financial services for 30 years.
LinkedIn

Ed Ponte, VP Sales Consulting
Ponte has 20+ years of experience directly supporting the sales efforts of consumer-oriented digital channels solutions, security, and infrastructure products in the financial services market.
LinkedIn

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on May 3, 2016
Categories: Auvenir, Backbase, CAN Capital, CRMNEXT, Fiserv, INETCO Systems, Mitek, NIIT Technologies, NuData Security, Plaid, Qumram, Tactile Finance, ThreatMetrix, wipro, Zooz

On Finovate.com

Check out our latest FinovateSpring Sneak Peeks featuring:
- NuData Security
- ThreatMetrix
- Auvenir
- CRMNEXT
- Mitek
- NIIT Technologies

“Zooz Raises $24 Million in its Largest Funding”

“Fiserv and INETCO Team Up to Enhance ATM Management”

On FinDEVr.com

“What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner”

Around the web

U.K.’s oldest bank, C. Hoare & Co, goes digital with Backbase.

“Crowdfund Insider: CAN Capital Forms Agreement with Entrepreneur to Provide SME Loans”

Huffington Post names Tactile Finance on its list of 15 women-led startups to watch in 2016.

Qumram opens offices in London and San Francisco. See Qumram at FinovateSpring in San Jose next week.

Core banking solutions from Wipro to power Paytm’s new payments bank.

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 Fundings: 17 Companies Raise $4.8 Billion Week Ending April 22

By Jim Bruene Posted on May 2, 2016
Categories: Funding

Due to the massive $4.5 billion funding at Alipay’s Ant Financial, we just set the one-week record for fintech venture funding with $4.79 billion (of which $125 million was debt). However, for the first time this year, there were fewer than 20 deals during the week. But with 39 deals last week and 17 this week, it could hardly be called a slowdown.

The total number of deals YTD stands at 419, nearly double last year’s 223. Total dollars raised YTD is now $13.6 billion, 2.5x the $5.5 billion raised during the same period a year ago.

Here are the fintech deals by size from 16 April to 22 April 2016:

Ant Financial
Online payment services division of Alipay
Latest round: $4.5 billion Series B
Total raised: $4.5 billion
HQ: Hangzhou, China
Tags: Consumer, merchants, SMB, payments, mobile, funds transfer, P2P, peer-to-peer
Source: Crunchbase

SocietyOne
P2P lending platform
Latest round: $125 million, $25 million Series C and $100 million Debt
Total raised: $158.5 million including $100 million Debt
HQ: Sydney, Australia
Tags: Consumer, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, Finovate alum
Source: Crunchbase

Kueski
Alt-lender in Mexico
Latest round: $35 million ($10 million Series A, $25 million debt)
Total raised: $40.1 million
HQ: Guadalajara, Mexico
Tags: Consumer, lending, credit, underwriting, payday loans
Source: Crunchbase, Press Release

Forter
Ecommerce payments fraud technology
Latest round: $32 million Series C
Total raised: $50 million
HQ: San Francisco, California
Tags: SMB, payments, merchants, fraud, security
Source: Crunchbase

Acorns
Small-dollar investments provider
Latest round: $30 million Series D
Total raised: $61.96 million
HQ: Newport Beach, California
Tags: Consumer, savings account, desposits, investing, millenials, payments, mobile, Paypal (investor)
Source: Crunchbase

Transactis (OfferIQ)
BillerIQ bill presentment and payment solution
Latest round: $30 million Series E
Total raised: $66.7 million
HQ: New York City
Tags: Enterprise, payments, billpay, invocing, billing, white-label
Source: Crunchbase

Tuliu.com
Land purchase and sales management platform
Latest round: $23 million Series B
Total raised: $23 million
HQ: China
Tags: Real estate, mortgage, land purchase, discovery
Source: Crunchbase

Platform Black (GLI Finance)
Invoice finance marketplace lender
Latest round: $7.2 million
Total raised: Unknown
HQ: Basingstoke, England, United Kingdom
Tags: SMB, lending, credit, underwriting, trade finance, factoring, accounts receivables, invoice financing, investing
Source: PYMNTS.com, Startups.co.uk

Castle
Rental payment and management platform
Latest round: $2 million Seed
Total raised: $2 million
HQ: San Francisco, California
Tags: SMB, landlords, commercial real estate, merchants, payments, Y Combinator (investor)
Source: Crunchbase

ClassWallet
Payment and procurement plaftform for the education market
Latest round: $1.5 million
Total raised: $4.04 million
HQ: Miami, Florida
Tags: Governmet, education, payments, billing, invoicing, expense reimbursement, purchasing
Source: Crunchbase

BrickVest
Online real estate investment platform
Latest round: $1.44 million
Total raised: $2.44 million
HQ: London, England, United Kingdom
Tags: Consumer, investing, credit, commercial real estate, mortgage
Source: Crunchbase

Modalku
Small business marketplace lender
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: Jakarta, Indonesia
Tags: Consumer, lending, credit, underwriting, merchants, acquiring, purchase finance
Source: Crunchbase

Tricount
Group expense manager
Latest round: $560,000 Seed
Total raised: $560,000
HQ: Brussels, Belgium
Tags: Consumer, payments, personal finance, budgeting, PFM, millenials
Source: FT Partners

CodiPark
Payment and access solutions for off-street parking
Latest round: $500,000 Seed
Total raised: $780,000
HQ: New York City
Tags: Consumer, SMB, merchants, acquiring, payments
Source: FT Partners

Konfio
Online micro-business loans
Latest round: Undisclosed Series A
Total raised: Unknown
HQ: Mexico City
Tags: SMB, small business, lending, credit, underwriting
Source: Crunchbase

MCX Stock Exchange
Commodity exchange in India
Latest round: Not disclosed
Total raised: Unknown
HQ: San Francisco, California
Tags: Enterprise, investing, futures, commodities, trading
Source: FT Partners

Rapid Ratings
Ratings service for public and private company financial health
Latest round: Not disclosed
Total raised: Unknown
HQ: New York City
Tags: Enterprise, investors, advisors, investing, information services, analytics
Source: FT Partners

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Cardlytics Launches Syndicated Audiences

By Julie Muhn (@julieschicktanz) Posted on May 2, 2016
Categories: Cardlytics

Consumer-purchase intelligence company Cardlytics launched Syndicated Audiences to help marketers identify and reach their target audience. This is the second product rollout in the Atlanta-based company’s Product Solutions suite, which we covered earlier this year.

The new tool draws purchasing data from $1.5 trillion in consumer credit, debit, ACH, and billpay spend to go beyond identifying consumers by demographic to identify how they spend.

Cardlytics CMO Dani Cushion describes the impetus behind the new offering:

Marketers want better tools to help them more precisely reach the right consumers. We believe past purchases are the best indicator of future purchases, and Cardlytics’ Syndicated Audiences uses our proprietary purchase intelligence to help marketers improve the targeting accuracy of their campaigns.

Syndicated Audiences will originally focus on category buyers such as casual dining customers, frequent travelers and specialty grocery shoppers. Combined with Cardlytics’ Custom Audiences product, marketers can use Syndicated Audiences to segment audiences based on complex criteria, for example, consumers who spend with a brand’s top three competitors.

According to Media Post, Syndicated Audiences has launched with its first demand-side platform partner, The Trade Desk, and more partnerships are in the works.

Cardlytics demoed its geolocation application at FinovateFall 2013.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on May 2, 2016
Categories: Boku, Cardlytics, Chain.com, Corezoid, Infosys, Kasasa, Lending Club, PayPal, Pendo Systems, PrivatBank, Tyfone, Venmo, Xignite

On Finovate.com

“Cardlytics Launches Syndicated Audiences”

Check out this week’s sneak peeks:
- Fiserv
- Chip Shield
- Earnix
- Cyberfend
- Finovera
- Payment Data Systems/ Akimbo

On FinDEVr.com

Chain Launches Open Source Blockchain Protocol.

Around the web

ReadWrite features Tyfone’s launch of a new challenge at MIT focused on Internet of Things (IoT) security.

“Lending Club CEO Renaud Laplanche Receives Tribeca Disruptive Innovation Award”

Cointelegraph interviews Alexander Vityaz, founder of Corezoid and head of e-commerce at PrivatBank.

PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year.

Infosys Finacle teams up with Samsung SDS to give mobile banking customers better authentication technology.

A look at APIs in the robo-adviser industry by Bank Innovation underscores the role played by Xignite.

“Kasasa Wins Multiple Hermes Creative Awards”

Pendo Systems unveils version 3.1 of its data exploration, discovery, and analysis platform.

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: Fiserv

By Julie Muhn (@julieschicktanz) Posted on May 1, 2016
Categories: FinovateSpring 2016 Sneak Peek, Fiserv

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Fiserv delivers deep expertise and innovative solutions to help financial institutions, businesses, and consumers move and manage money faster and with greater ease than ever before.

Features:

End-to-end new customer account opening
Leverage the mobile device to simplify and streamline the account-opening process
Digital marketing offers to incentivize account opening

Why it’s great
By utilizing proven mobile banking and payments technologies from Fiserv, financial institutions can deliver a rich and compelling banking experience across digital and physical channels.

Presenters

Andrew Barnett, Senior Technical Consultant

David Carr, Innovation Manager

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FinovateSpring Sneak Peek: Chip Shield

By Julie Muhn (@julieschicktanz) Posted on May 1, 2016
Categories: Chip Shield, FinovateSpring 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Chip Shield is a new product being launched at Finovate. We are working to expand the use of EMV chip technology and tokenization to protect consumers’ payments and identity in the online world.

Features:

EMV chips can eliminate online fraud by proving the card is present
Account takeover can be stopped by unlocking accounts with a chip card
EMV authentication simplifies account tokenization

Why it’s great
EMV chip technology is already in your wallet and provides a reliable way to electronically verify your identity. We enable online customers to protect their payments and identity using EMV security.

Presenters

David Marsyla, CEO
Marsyla is CEO and founder of Chip Shield. Prior to founding Chip Shield, he was CTO and co-founder of DeviceAnywhere, which he sold to Keynote Systems in 2011.
LinkedIn

J C Ramey, VP Business Development
Ramey leads business development for Chip Shield. Prior to that, he also worked at DeviceAnywhere as worldwide head of sales and business development.
LinkedIn

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FinovateSpring Sneak Peek: Earnix

By Julie Muhn (@julieschicktanz) Posted on May 1, 2016
Categories: Earnix, FinovateSpring 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

With Earnix Banking, bankers can leverage customer predictive analytics to align product and pricing decisions with corporate revenue, volume, and risk goals.

Features:

Predictive pricing analytics engine improves performance of lending and deposit portfolios
Offline workbench integrated with an online execution engine
Self–sufficiency; no “black box” element

Why it’s great
Improve customer lifetime value with data-driven product and pricing decisions while assuring you reach your corporate revenue, volume and risk goals.

Presenters

Aviv Cohen, VP Marketing
With a flair for innovation and creativity, Aviv Cohen has been leading product and marketing teams in global enterprise software organizations for the past 15 years.
LinkedIn

Marc Trudeau, Principal Consultant, Banking
Marc Trudeau has been helping banks optimize their customer experience and improve pricing strategies in leading roles with Earnix, Acxiom, CEB and Capital One.
LinkedIn

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FinovateSpring Sneak Peek: Cyberfend

By Julie Muhn (@julieschicktanz) Posted on May 1, 2016
Categories: Cyberfend, FinovateSpring 2016 Sneak Peek

A look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Cyberfend’s Bot Detection solution offers robust, real-time security for your web and mobile applications by defending against sophisticated attacks, fraudulent activity, stolen credential abuse and fake signups with near-zero false positives.

Why it’s great
Cyberfend’s bot detection is the most comprehensive bot/automation detection service available in the market today. We protect nearly a billion login and payment transactions every month.

Presenter: Sreenath Kurupati, Co-founder, CEO
Prior to founding Cyberfend, Sreenath Kurupati was the chief architect in Digital Home Group and the leader in computer vision technology at Intel. His education includes IIT-Kanpur and NCSU.

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