Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, BBVA, blooom, BlueVine, Cartera Commerce, EdgeVerve Systems, Fiserv, Infosys, Insuritas, Kabbage, Klarna, Linqto, Malauzai, Roostify, Sezzle, Silver6, SumUp, Xero

On Finovate.com

  • “BlueVine Receives Boost from Citigroup”
  • “Infosys Launches EdgeVerve Blockchain Framework”

Around the web

  • “Cartera Commerce-powered Splender Doubles Membership Since End of 2015 and Drives $15 Million in Sales”
  • Linqto to pilot LEVERAGE App Store with nine credit unions.
  • Fiserv integrates commercial lending capabilities of AFSVision into its core account processing platform.
  • BBVA announces having 15.5 million digital clients, including more than 9 million mobile clients.
  • U.K. e-commerce provider EKM to team up with Klarna.
  • ACI Worldwide to run the card processing operations for The Co-operative Group.
  • Insuritas chosen by First Atlantic FCU to install insurance agency solution.
  • Employee Benefits News recognizes Blooom CPO Randy AufDerHeide as a Top 50 Benefit Technology Innovator.
  • Xero for Payroll goes live in Pennsylvania, making the technology available in a total of 22 states.

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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Finovate, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards

Finovate, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards
By David Penn Posted on
Categories: Azimo, EquityZen, Nomis Solutions, Trulioo, Zopa

FinTechInnovationAwards_2016_homepage

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards, five went to Finovate/FinDEVr alums.

“This award is recognition of the strength of our idea for peer-to-peer lending and the growth we have seen since then as the idea has moved mainstream,” Giles Andrews said. “Of course, credit should go much more to the team who helped build Zopa’s scale, particularly Jaidev who took the reins last year and led the company to record levels of growth.”

“FinTech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud,” Zac Cohen, Trulioo general manager, said. “Our Compliance-as-a-Service technology addresses that need, enabling pioneering technologies to grow their businesses and protect their users on a global scale.”

“In a shifting U.K. market, our range of price-optimization products are helping banks to better understand their customers’ behaviors and sensitivities through advanced analytics and analysis,” Damian Young, managing director, EMEA at Nomis Solutions, said, “This brings banks significant competitive and market advantage that will help them grow smartly and responsibly in any economic environment.”

“It’s brilliant to be recognized by the industry for our work in creating an award-winning money-transfer service, but the best prize of all is our ever-growing number of happy customers,” Azimo founder and CEO Michael Kent said. “They’re all part of the Azimo story – sending money home to support loved ones for all kinds of reasons.”

Also earning recognition at the event was EquityZen. The company, which will make its Finovate debut next month at FinovateSpring 2016 in San Jose, won the Innovation in Wealth, Asset, and Investment Management category.

Hosted by Julia Streets, CEO and founder of Streets Consulting, the 2016 FinTech Innovation Awards winners were chosen by a group of leading fintech specialists chaired by Dan Cobley, managing partner at Blenheim Chalcot. Taking home top honors in the remaining 11 categories were:

  • Innovation of the Year: ClearScore
  • Fintech Marketing Campaign of the Year: “Cashless on the Catwalk” by The 10 Group and Visa Europe
  • Fintech Startup of the Year: ClearScore
  • Innovation in Corporate Banking Solutions: Idea Cloud by Idea Bank SA
  • Innovation in Insurance: Bought by Many platform by Bought By Many and Ping An Insurance.
  • Innovation in Lending: Marketinvoice
  • Innovation in Payments: Zwipe Payment by Zwipe
  • Innovation in Risk Management: Imagine Software
  • Innovation in Trading Systems: FX Connect from State Street Bank
  • Innovation in Treasury Management: Walletsizing by Vallstein

The FinTech Innovation Awards were held at The Brewery in London on April 13th. The event featured a keynote address from author and Duke University professor, Dan Ariely, as well as remarks from Minister for the Cabinet Office and Paymaster General, Matt Hancock. Finovate alum Strands was among the event’s sponsors.

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Marketplace Lending Power 20 List Honors 8 Alums

Marketplace Lending Power 20 List Honors 8 Alums
By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Karma, Kabbage, Lending Club, Lendio, LiftForward, On Deck Capital, Patch of Land, Prosper

Power20This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards.

Representatives from eight Finovate alums were ranked among the group who are, as Mayava puts it, “redefining lending, resurrecting small businesses across the country, and consequently rebuilding the American economy, one loan at a time.” For more information about the awards, check out What Powers the Power 20.

The recipients in order of rank:

Lending Club CEO and Founder Renaud Laplanche
Rank: #1

Lending Club’s FinovateSpring 2009 demo

Prosper CEO Aaron Vermut
Rank: #5

Prosper’s FinovateSpring 2009 demo

OnDeck Capital CEO Noah Breslow
Rank: #8

OnDeck’s FinovateSpring 2012 demo

OnDeck’s FinDEVr New York 2016 presentation

Kabbage COO and Co-founder Kathryn Petralia
Rank: #9

  • Has grown to 80 employees since launching in 2009
  • Has gained 100,000+ customers
  • Has furnished almost $1 billion in loans

Kabbage’s FinovateSpring 2015 demo

Kabbage’s FinDEVr San Francisco 2015 presentation

Credit Karma CEO and Founder Kenneth Lin
Rank: #10

  • Ranked a top-free finance app in iTunes
  • Serves 50+ million users
  • Founded in 2007

Credit Karma’s FinovateSpring 2009 demo

LiftForward President and CEO Jeffrey Rogers
Rank: #17

  • Has secured credit facilities of up to $250 million
  • More than 70% of the company’s SMB borrowers return for a second loan

LiftForward’s FinovateFall 2015 demo

Patch of Land former CEO* and Co-founder Jason Fritton
Rank: #18

  • Formed the idea of the company in 2011 to help Chicago recover from the real estate crash
  • Since launching in 2013, has funded 217 loans totaling $97 million
  • Has returned $25 million to investors

Patch of Land’s FinovateFall 2014 demo

Lendio CEO and Founder Brock Blake
Rank: #20

  • Has helped more than 500,000 small business owners secure loans since launching in 2005
  • Holds a database of more than 3,500 active U.S. lenders
  • Recognized as one of Utah’s fastest growing companies in 2011

Lendio’s FinovateSpring 2011 demo

*Just this week Patch of Land appointed Paul Deitch, former managing director of Oaktree Capital Management, to take Fritton’s place as Patch of Land CEO.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Aerospike, Betterment, Coinalytics, Entersekt, FICO, Gem, Skry

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • “Beyond the Bitcoin BlockChain: Coinalytics is Now Skry”

The latest from FinDEVr New York 2016 presenters

  • Capgemini consulting services adds risk and fraud management technology from FICO.
  • Aerospike releases version 3.8 of its database server.
  • Wealth Professional features Betterment in a column on roboadvisors.

Alumni updates

  • Blockchain solution provider Gem launches Gem Health.
  • CNBC Africa interviews Entersekt CEO Schalk Nolte.

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

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: EdgeVerve Systems, EyeVerify, FamZoo, Gem, Sberbank, Socure, Thomson Reuters

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • “Finovate, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards”
  • “Marketplace Lending “Power 20” List Honors 8 Alums”

Around the web

  • FamZoo celebrates its tenth birthday of helping parents prepare financially strong children.
  • EyeVerify’s EyeprintID to power HYPR’s Biometric Security Suite.
  • Socure launches v. 2.5 of its ID+ Digital Identity solution.
  • Blockchain solution provider Gem launches Gem Health.
  • EdgeVerve Systems launches its EdgeVerve Blockchain Framework for banks.
  • Sberbank to deploy risk management technology from Wolters Kluwer.
  • FD teams up with Thomson Reuters to power its DaaS platform, Velocity Analytics.

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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Narrative Science Turns Business Intel Into Data-Driven Stories

Narrative Science Turns Business Intel Into Data-Driven Stories
By David Penn Posted on
Categories: Narrative Science

NarrativeScience_NarrativesforBI

With the launch of Narratives for Power BI, Narrative Science unveils the latest integration of its advanced natural language generation (NLG) technology. The new extension, developed in collaboration with Microsoft, will give Microsoft Power BI users advanced analytics and data-visualization tools to help them read and understand corporate data.

“Integrating Advanced NLG into Microsoft Power BI enables our customers to automatically turn complex data into insightful stories,” says Nick Caldwell, general manager of Microsoft Power BI. Both companies emphasized the importance of making technologies like advanced NLG accessible to the business. This collaboration is, according to Narrative Science CEO Stuart Frankel, key to “maximiz(ing) the value of their business intelligence efforts.”

NarrativeScience_screenshot“Put simply, this collaboration not only enhances and amplifies the user experience for customers of Power BI,” Frankel wrote in a blog post about the launch, “but also further drives the democratization of information, where users don’t need to interpret data and visualizations—they simply need to read.” Microsoft Power BI has more than 5 million users and works with Adobe Analytics, Github, Salesforce, and more than 50 other data sources.

Download Narratives for Power BI. Notes and tips on using the extension are published at the Microsoft Power BI Blog.

Narratives for Power BI is the second major new innovation from Narrative Science this year. In January, Narrative Science launched Narratives for Qlik, bringing its advanced NLG technology to the Pennsylvania-based company’s visual analytics and business-intelligence platform. Narrative Science was featured in Forbes earlier this month, and in the New York Times in February. The company has raised more than $29 million in funding; most recently picking up $10 million in a round led by USAA.

Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science demoed Quill Financial at FinovateFall 2013.

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FinovateSpring Sneak Peek: Finova Financial

FinovateSpring Sneak Peek: Finova Financial
By Julie Muhn (@julieschicktanz) Posted on
Categories: Finova Financial, FinovateSpring 2016 Sneak Peek

FinovaFinancialHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Finova Financial, a socially responsible lender, provides fast, affordable loans based on the equity in your car to the 70 million financially underserved Americans.

Features:

  • Costs 70% less than the current national average
  • Instant access to capital and a 12-month pathway back to financial health
  • Online/mobile 24×7

Why it’s great
Finova provides a same-day solution for emergency expenses to the millions of Americans who spend $5.3 billion annually on title loans at a cost 70% less than the current national average.FinovaPresenter1

Presenter: Gregory Keough, CEO
Keough is an executive with global experience. He is a serial entrepreneur with an impressive track record of innovation in the technology and financial services arena.
LinkedIn

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FinovateSpring Sneak Peek: SaleMove

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

SaleMoveHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

SaleMove enables organizations to engage online visitors the same way they would in person, using video, audio, chat, and co-browsing without any downloads or installations.

Features:

  • Increase conversions
  • Enhance customer experience
  • Improve contact center efficiency

Why it’s great
Businesses that use SaleMove are able to provide online customers with the same high-touch interactions that are possible face-to-face.

salemovepresenter

Presenter: Daniel Michaeli, Co-Founder and CEO
Michaeli is a Univeristy of Pennsylvania graduate, originally from Guatemala. His career has focused on Venture Capital, Tech/Strategy Consulting and Start-Ups.
LinkedIn

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FinovateSpring Sneak Peek: Linqto

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

LinqtoHomepage2016

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Linqto is the link between fintech developers and financial institutions. The App Store for Banks automates the process of mobile app branding and delivery. Choose your fintech from an online store.

Features:

  • Connect with and attract millennials
  • No long term contracts
  • Monetize without charging the consumer

Why it’s great
The App Store creates a revolutionary new marketplace where banks and credit unions can brand new software and use it with their customers. Automatically. In an online store. In minutes, not months.LinqtoPresenter1

Presenters

Bill Sarris, CEO of Linqto
Sarris is a recognized expert in the field of collaborative technology and has delivered major enterprise software applications for Microsoft, Intuit, Digital Insight, NCR, Stanford and other clients.
LinkedInLinqtoPresenter2

Kim Fraser, SVP Business Development at Wallaby
Fraser has extensive experience in business development, partnership and GTM strategic experience, driving recurring revenue growth, consumer acquisition and end-user engagement.
LinkedIn

LinqtoPresenter3Matt Kirchharr, Innovation Development Coordinator at LEVERAGE
Kirchharr is experienced in innovation development, vendor due-diligence of prospective partners, implementation planning, and is a subject-matter expert for all new product lines.
LinkedIn

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FinovateSpring Sneak Peek: Sberbank

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

SberbankHomepageFS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Sberbank, one of Europe’s largest banks, created an omni-purpose communication platform for people and companies.

Features:

  • A smart search tool that finds relevant people and businesses based on data
  • Chats with payments and transfers
  • New way to find and serve clients

Why it’s great
At the heart of the product is the smart-search engine that suggests contacts of people and businesses based on the user’s data that includes habits, preferences and perceived needs.SberbankPresenter1

Presenters

Vladimir Stasevich is the executive director of Sberbank’s Bank XXI department.
LinkedIn

Katerina Frolovicheva is managing director of technology innovations for Sberbank.SberbankPresenter2
LinkedIn

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FinovateSpring Sneak Peek: Student Loan Genius

FinovateSpring Sneak Peek: Student Loan Genius
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2016 Sneak Peek, Student Loan Genius

StudentLoanGeniusHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

The co-founders of Student Loan Genius graduated with a combined total of $275,000 in student loan debt and are now helping employees turn their student loan payment into a wealth-building activity.

Leveraging existing frameworks for retirement savings, the 401(k) Contribution Feature helps employees save by using student loans to activate unused 401(k) dollars and helps employers retain talent.

Why it’s great
No matter the retirement provider, the Student Loan Genius 401(k) Contribution Feature can help eliminate one of the biggest barriers for employees to invest using their existing student loan payment.StudentLoanPresenter

Tony Aguilar, CEO
A former financial adviser turned startup CEO, Tony is committed to helping millennials improve their financial picture and secure freedom from student loan debt.
LinkedIn

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FinovateSpring Sneak Peek: Qumram

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

QumramHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Qumram provides a fully compliant, digital audit-trail by recording every digital interaction (web, social, mobile) securely and transparently in accordance with global regulatory requirements.

Features:

  • 100% recording for 100% compliance
  • Indisputable evidence for conduct risk and fraud detection – internal and external
  • Complete, end-to-end view of every customer’s digital journey

Why it’s great
For peace of mind, ensuring that your digital business is 100% compliant, and by recording indisputable evidence of every digital interaction, Qumram is the only answer.
QumramPresenter1

Presenters:

Simon Scheurer, Co-Founder and CTO
CTO Scheurer is a strategic technology advisor and entrepreneur. With Masters degrees in both mathematics and physics, Scheurer loves solving technical challenges.
LinkedInQumrampresenter2

Nicola Cowburn, CMO
CMO Cowburn is an accomplished financial services marketing executive, experienced in developing high-growth SMEs into successful global enterprises.
LinkedIn

Qumrampresenter3Patrick Barnert, CEO
CEO Barnert (and board member) is a visionary business leader and global entrepreneur. As SVP at OpenText, Patrick was responsible for $800 million in revenue.
LinkedIn

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