Alkami Brings its ORB Digital Banking Platform to Open Technology Solutions

By David Penn Posted on
Categories: Alkami Technology
Alkami Technology is partnering with credit-union service-organization Open Technology Solutions (OTS) to bring its ORB Digital Banking Platform to member CUs in states from Colorado to Maryland. ORB from Alkami will give credit unions a "unified platform across all devices and functional offerings" including PFM and P2P payments, billpay, retail and business financial services, mobile, and more. The platform also supports the ability of CUs to develop their own apps and product extensions, as well as add new features. Credit unions can take advantage of ORB's integrated content-management system to conduct "one-to-one" product marketing and cross-selling. User experience and cross-channel consistency were two aspects of Alkami's technology that were underscored by Open Technology Solutions CEO Mike Atkins: "With Alkami's ORB platform, our member institutions can deliver the same capabilities across different platforms while optimizing user experience." Atkins says he believes the new solution will lead to better member engagement as…

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Finovate Alumni News

By David Penn Posted on
Categories: Alkami Technology, Misys, Ripple, Temenos, Thomson Reuters
On Finovate.com Fintech Trending: P2P, EMV, NFC, NLP ... OMG Alkami Brings its ORB Digital Banking Platform to Open Technology Solutions Around the web Thomson Reuters launches Thomson Reuters Labs, Capetown, the latest addition to the firm's global network of innovation labs. Islamic Finance House upgrades to latest version of Temenos T24 core banking system. Ripple says Crypto Facilities will be first derivatives-exchange to list regulated XRP futures contracts. Misys to provide cloud-ready corporate banking technology to Commonwealth Bank of Australia. 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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FinDEVr Countdown: We’re One Day Away!

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr 2016 Silicon Valley
Our developer show that's more than a year in the making, FinDEVr Silicon Valley, is just one day away and there's a lot to be excited about. Aside from watching dozens of companies show off the tools and code they've built, we'll have plenty of networking breaks full of opportunities. We've added some fun twists this year; expect to make connections during a game of foosball or chat over a latte from the espresso cart or a beer from the bar. There's still time to get in on the action, so register today and don't miss out. And while there will be plenty of fun, it's the content we're really looking forward to. Check out this word-cloud for an overview of what you can expect to see on stage over the course of the two-day event: Here's a quick recap of the last-minute details: Where We outgrew last year's event…

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Fintech Trending: P2P, EMV, NFC, NLP…. OMG

By Julie Muhn (@julieschicktanz) Posted on
Categories: Aerospike, CardFlight, Cognitect, IBM, Jack Henry, MasterCard, PayPal, PwC, Sberbank, Venmo, VISA
A look at the trending topics of the past two weeks, co-authored by Finovate’s research analysts David Penn and Julie (Schicktanz) Muhn. Big handshakes Cardtronics acquires DirectCash Payments In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. The deal is expected to help Cardtronics expand into Canada and the United Kingdom. DirectCash Payments has 25,000 ATMs around the globe, primarily in Australia, Canada, and the U.K. Once the deal closes in Q1 of 2017, it will boost Cardtronics' network to 225,000 ATMs across North America, Europe, and Asia Pacific. Jack Henry & Associates (F10) teams up with Visa (F10) In a new partnership, Jack Henry & Associates has integrated with Visa to allow customers to send P2P payments directly to a recipient's Visa debit card. This eliminates the need for a recipient to provide their account and routing number to the sender. With increased competition…

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Friday Fun: Berenstain Bears Bring Banking to the Under-10 Set

By Jim Bruene Posted on
Categories: Credit Unions, Deposits, Checking, Savings, CDs, Youth market
I thought I'd left behind Berenstain Bears 15 years ago when my youngest graduated to Animorphs books. But they made an appearance today when I discovered how they are helping kids get involved with saving and managing money. And before you dismiss their appeal, did you know the Bears have sold 300 million copies in a 54-year run which includes 300 titles! Three years ago, Franklin Mint FCU, through its CUSO CUNFL, developed a financial literacy program based on the series. It includes a book written by none other than Mike Berenstain himself, called Berenstain Bears Visit a Credit Union. It is licensed to other credit unions to appeal to grade schoolers. The book is in use at a number of credit unions, but none more prominently than O Bee FCU in the Tacoma, Washington, area. Its Berenstain-themed Cub Account for under-12 members includes a 7.5% rate on the first…

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Cognitect Becomes Our Alum Number 1,000!

By David Penn Posted on
Categories: Cognitect, FinDEVr 2016 Silicon Valley
Like proud grandparents counting the place-settings at a big family dinner, we were thrilled to realize that with FinDEVr Silicon Valley 2016 (tickets still available) we have onboarded our 1,000th alum. Durham, North Carolina-based Cognitect helped us make the milestone, and will join us next week at our upcoming developers conference in the Bay Area. Founded in 2013, Cognitect specializes in enterprise software and data management. The company's suite of technologies includes Datomic, a distributed database solution that leverages both traditional database functionalities with new features that enable full auditability and the ability to model future scenarios. Writing about Datomic in a blog post titled, "The New Normal: Data Leverage," Cognitect VP Michael Nygard explained how the legacy of object-oriented programming (OOP) poorly serves developers in an era when "the majority of our work is with data." This is why I like working with Datomic. My transaction is data, just…

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Finovate Alumni News

By David Penn Posted on
Categories: CaixaBank, Cognitect, Misys, Strands, Thomson Reuters, wipro
On Finovate.com North Carolina Data Management Innovator Cognitect is Alum 1,000. Join Cognitect at FinDEVr Silicon Valley 2016 next week. Around the web Strands hires former CaixaBank veteran Oscar Sala as head of product strategy. Misys earns top spot in Asia Risk Technology Rankings 2016 for overall trading systems. Thomson Reuters unveils new AML solution, TRAC, specifically targeting trade-based money laundering. PYMNTS.com looks at the launch of Wipro's new cloud-based, analytics platform for corporate treasurers, Treasury DNA. 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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FinDEVr Silicon Valley: When You’re a Dev, You’re a Dev All the Way

By David Penn Posted on
Categories: FinDEVr 2016 Silicon Valley
From your first IDE to your last coding day ... As our "Hail to the Chief" themed word-cloud shows, our upcoming developers conference FinDEVr Silicon Valley 2016 is dedicated to the women and men whose talents and insights drive not just the technologies we appreciate today, but also the solutions we dream about for tomorrow. (And, yes, tickets are still available!) From serial entrepreneurs looking to power their next big thing with the brightest minds and best solutions, to startups eager to show new ways to solve old problems, FinDEVr is a unique opportunity to meet the teams behind the technology. Our two-track, 15-minute presentation format (slides allowed, code encouraged) combined with high-quality, end-of-day networking on both Tuesday and Wednesday is designed to maximize your exposure to the latest in SDKs, APIs, case studies and new integrations in the industry. Brandon Dewitt, MX CTO, during his presentation, How You Build…

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FinovateAsia Sneak Peek: Xignite

By David Penn Posted on
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, Xignite
A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot. Xignite makes it simple to build digital financial technology. Using our cloud-based REST APIs, developers can integrate in minutes and call real-time reference and market data directly to apps. Features: Cloud-based market-data distribution platform Helps banks centralize, distribute, and optimize access to data Data can instantly be pulled into portals within in-house systems Why it's great Cloud-based market-data APIs are transforming banking, driving innovation while reducing infrastructure costs. Presenter Stephane Dubois, CEO and founder Listed on Institutional Investor's Tech 50 list of financial visionaries and nominated for FTF News fintech person of the year, Dubois founded Xignite to pioneer market data in the cloud. LinkedIn

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DriveWealth Brings Roboadvisory to Latin America in New Partnership with Alkanza

By David Penn Posted on
Categories: DriveWealth
This summer, Best of Show winner DriveWealth announced a partnership with Chinese marketplace lender and wealth manager CreditEase to bring roboadvisory to China. Today we learn the innovative broker-dealer has made a deal with Silicon Valley-based Alkanza to bring similar services to Latin America. DriveWealth founder and CEO Robert Cortright credited his company's platform for helping bring access to U.S. equities to "investors everywhere, at every income level." Cortright said, "Our partnership with Alkanza makes it possible for investors in Latin America not only to gain access to the U.S. stock market, but also have their portfolios be managed by experienced professionals for an affordable cost." DriveWealth Chief Information Officer Harry Temkin demonstrated Real Time Fractional Trading with Passport 2.0 at FinovateEurope 2016. This combination of access and advisory is what Andrés Villaquiran, founder and CEO of Alkanza, praised in his firm's new partnership with DriveWealth. "By marrying our premium…

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FinovateAsia Sneak Peek: VENTENY

By David Penn Posted on
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, VENTENY
A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot. VENTENY is an HR/fintech company that provides instant online micro-financing to employees in companies in the Philippines as a part of their benefits. Features: About 90% of loan applications go through The rates change based on repay history and years of working at the company Solves employees' need for cash and also improves the turnover rate Why it's great The most reliable instant micro-financing solution provider for employees that delivers "EMPLOYEE HAPPINESS." Presenter Junichiro Waide, CEO and Founder Waide started his career at PwC Japan, then was assigned to the U.S. as a business consultant. After PwC, he joined several IT companies (participating in IPOs in Japan) as director or board member. LinkedIn

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FinovateAsia Sneak Peek: Top Image Systems

By David Penn Posted on
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, Top Image Systems
A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot. Top Image Systems' eFLOW Trade Docs is an end-to-end solution that enables financial institutions such as banks to conduct automatic recognition, learning, validation, and screening. Features: TIS' eFLOW Trade Docs automates and streamlines trade-finance processes in three areas: Document classification and data extraction Document sufficiency and data validation Document screening Why it's great TIS' eFLOW Trade Docs increases trade-finance processing-efficiency and -capacity while reducing processing errors and costs, bringing to your bank happier customers and higher revenues. Presenters Kara Tham, Sales Director (Asia) With more than 15 years of experience in consultative and solution sales, Tham has successfully crafted creative and innovative solutions for establishments within the banking industry on a global level. LinkedIn   Wei Hao Goh, Head, Technical Account Manager Goh specializes in…

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