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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on October 12, 2016
Categories: ABBYY, Aerospike, Blend, EyeVerify, Green Key Technologies, nanoPay, NYMBUS, PayPal, Personal Capital, Symphony Software Foundation, Tango Card

On Finovate.com Check out today's FinDEVr Previews: Symphony Software Foundation Personal Capital Blend Aerospike Tango Card ABBYY Around the web IBS Journal Interviews David Mitchell, NYMBUS president. Startland interviews EyeVerify CEO Toby Rush on hiring plans, global expansion. PayPal and Vodafone partner to facilitate contactless payments in the U.K. GreenKey Technologies begins rollout of new mobile app that will offer hard turrets through existing hardware and infrastructure. nanoPay using Liberty Village as a working lab for its MintChip digital currency. 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.

Alt-Branch Banking: Be the Home for the Homeowner (or Renter)

By Jim Bruene Posted on October 11, 2016
Categories: Branch Banking, Mortgage Harmony, Mortgage, Refi & Home Equity, Strategies

The writing is on the wall. The bank branch wall that is. In a world of ubiquitous smartphones, bank branch ROI continues to plummet. That leaves many financial institutions wondering how to replace the branch's historic role as the center of customer acquisition. There are many strategies: Substantial digital marketing and sales efforts Relationships with major local employers Lending, and banking, small businesses Leadership in K-12 financial education Affinity programs with local retailers Social media and PR champion None of those are particularly novel. But one you may not have tried recently is becoming the go-to financial institution in your area for homeowners and apartment renters. Being the local bank that helps people meet one of their top priorities in life, having a roof over their head, puts you in an enviable position. Again, this is a strategy that goes back decades (e.g., Savings & Loans in the United States,…

Which Devs Are Coming to FinDEVr Silicon Valley Next Week?

By Julie Muhn (@julieschicktanz) Posted on October 11, 2016
Categories: FinDEVr 2016 Silicon Valley

FinDEVr returns to Silicon Valley next week on 18/19 October, and we're preparing for the wave of fintech by examining the companies, their presentations, and the audience in more detail. In the past few weeks, we've showed off highlights of each company's presentation in our Preview series and showcased content from their slide deck in a special Deep Dive feature. Don't miss out on this year's FinDEVr Silicon Valley. Register today to join us. During the dual-track show, each company will give a 15 minute presentation and the audience will have multiple networking opportunities to get a closer look at the tech and talk with the developers involved. Here's a look at the headquarters/locations of the 46 presenting companies we'll see on stage next week. While 10 companies call the Bay Area home, nine will cross national borders to come into the U.S. and showcase their technology at FinDEVr. The…

Pindrop Debuts Phoneprinting Technology with Lloyds Banking Group

By David Penn Posted on October 11, 2016
Categories: Pindrop Security

Lloyds Banking Group will be the first European institution to use "phone printing" technology to help fight fraud. The technology comes courtesy of Pindrop Security, which has developed a solution that creates an "audio fingerprint" that makes it easier to spot the kind of unusual behavior that can be the first clue that fraudulent activity is taking place. "Our Phoneprinting technology is highly resilient and very quickly identifies and analyses a call's audio to indicate if a caller is suspicious," says Matt Peachey, Pindrop's VP and GM International. "This shines a spotlight on fraudulent activity before it becomes an issue—both for the organization and the customer—and also helps ensure a positive customer experience." CEO, CTO, and founder Vijay Balasubramaniyan demonstrated Pindrop's Fraud Detection System at FinovateFall 2012. The technology uses 147 unique call features such as location, number history, and call type to defend against many common fraud tactics such…

FinovateAsia Sneak Peek: eSTORM

By Julie Muhn (@julieschicktanz) Posted on October 11, 2016
Categories: eSTORM, FinovateAsia 2016, FinovateAsia 2016 Sneak Peek

A look at the companies demoing live at FinovateAsia on 8 Nov 2016 in Hong Kong. Pick up your tickets today and save your spot. eSTORM has 17+ years of business history. All previous authentications focused on user authentication but eSTORM has designed and implemented a brand new concept of Service Authentication. Features: Strong human-oriented, two-way mutual authentication Super easy user experience Dramatic reduction of operational costs Why it's great Do the right authentication with DualAuth. Let’s change the 50-year-old, vulnerable, one-way user authentication into more secure, mutual authentication. Presenters John Woo, CEO Woo has been leading eSTORM for 17 years as CEO. He wants to help people do right by using eSTORM products and seeks to help employees find out their natures and pursue happiness. LinkedIn BongHo Kang, CSO Kang had been working for global companies such as Cisco and NDS Corp. Initially he began his career as an…

FinovateAsia Sneak Peek: EyeVerify

By Julie Muhn (@julieschicktanz) Posted on October 11, 2016
Categories: EyeVerify, FinovateAsia 2016, FinovateAsia 2016 Sneak Peek

A look at the companies demoing live at FinovateAsia on 8 Nov 2016 in Hong Kong. Pick up your tickets today and save your spot. EyeVerify's Eyeprint ID is a convenient, secure, eye-based biometric authentication for mobile banking and payments that is today used by more than 40 financial services companies. Features: Software-only and can be used on almost all popular smartphones The only mobile biometric that generates a high-entropy key Advanced spoof detection Why it's great Eyeprint ID is the only mobile biometric that generates a high-entropy key-equivalent to a 50-character complex password. Presenter Tinna Hung, Director of Marketing Hung joined EyeVerify in May 2015. She has 18 years of experience in strategic planning, product planning and strategic marketing, mostly at mobile/technology companies. LinkedIn

FinovateAsia Sneak Peek: WeInvest

By Julie Muhn (@julieschicktanz) Posted on October 11, 2016
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, WeInvest

A look at the companies demoing live at FinovateAsia on 8 Nov 2016 in Hong Kong. Pick up your tickets today and save your spot. WeInvest's end-to-end robo-advisery platform on mobile and web is backed by a robust middle-to-back-office platform, global investment strategies and execution, and custody with Pershing, BNY Mellon. Features: AUM-based fee structure. Pay as you scale. Mutiple asset classes, currencies, brokers and custodians supported Investment strategies App Store to gain access to the best global strategies Why it's great Asia's first platform-as-a-service robo-adviser can help you launch your version in three months with an investment of less than US$150,000. Presenters Bhaskar Prabhakara, CEO Prabhakara has over 14 years' consulting experience with various banks, brokerages and asset-management firms across India, Middle East, United States, and London. He graduated from IIT Madras and has an MBA from IIM, Ahmedabad. LinkedIn Aananth Solaiyappan, CTO Solaiyappan is changing wealth management and…

Finovate Alumni News

By David Penn Posted on October 11, 2016
Categories: Bitbond, CoverHound, eSTORM, EyeVerify, Insuritas, Jumio, Malauzai Software, Pendo Systems, Pindrop Security, Q2, WeInvest, Yseop

On Finovate.com Which Devs Are Coming to FinDEVr Silicon Valley Next Week? Check out this week's sneak peeks from upcoming FinovateAsia demos: eSTORM EyeVerify WeInvest Pindrop Debuts Phoneprinting Technology with Lloyds Banking Group Around the web Malauzai Software teams up with Guardian Analytics, adding new fraud detection functionality to mobile banking apps. Q2 launches Centrix Dispute Tracking System Fraud Alerts module. UAE Exchange partners with Jumio for identity verification. Read our interview with Jumio CEO Stephen Stuut. Edison TV interviews Martina King, Featurespace CEO, about the company's ARIC Engine. CoverHound launches CyberPolicy.com to help small businesses protect against cyber attacks. Pendo Systems announces new application for Gainsight and CRM Systems. Yseop to ship Narrative Charts to Information Builders. GuardStreet and WellCard Savings launch products on Insuritas SmartCard insuretech digital platform. Crowdfund Insider reports: Bitbond receives BaFin license. This post will be updated throughout the day as news and developments emerge.…

Lessons from Startups: Leveling Up the Waitlist at Zero Financial

By Jim Bruene Posted on October 10, 2016
Categories: Advertising & Promotion, Credit/Debit Cards, Launches

On 8 Oct Ron Lieber's NY Times column Your Money discussed alternatives for consumers looking to move from major banks (thanks, Wells Fargo). He started with credit unions, touched on community banks and then finished with a major shout-out to an unlaunched fintech startup Zero Financial. Not being familiar with Zero (other than its recent $2.5 million funding), I visited online, taking the bait to sign up for early access. This is a now-familiar ritual for me. During the past four or five years, startups have made a game of the launch process. Here are the primary elements: New visitors willing to provide their email address (and sometimes more) are entered into the queue and informed of their numerical spot in line. In my case, I was #26,405 on Friday afternoon (shortly after the Saturday column was made available at NYTimes.com). Newly wait-listed customers are invited to move up the…

Backbase and Mitek Partner to Remove Onboarding Friction

By David Penn Posted on October 10, 2016
Categories: Backbase, Mitek

A new partnership between mobile capture innovator Mitek and omnichannel digital banking solution provider Backbase will make Mitek's document scanning and validation technology available via the Backbase Open Banking Marketplace. "Backbase is on a mission to deliver seamless digital banking experiences across all devices and channels," company co-founder and CEO Jouk Pleiter said in a statement. "Our omnichannel banking platform easily enables banks to plug in best-of-breed fintech capabilities." The collaboration is an extension of the existing partnership between the two Finovate alums. Among the first to take advantage of the enhanced relationship between the two innovators is Malaysian financial service provider AmBank with more than six million customers. Sarah Clark, general manager for Identity Solutions at Mitek, called AmBank "just one example of how financial institutions can benefit from optimizing the digital experience with Mitek's innovative and industry-leading technologies." Founded in 1985 and headquartered in San Diego, California, Mitek…

Alpha Payments Cloud Teams Up with RS2 Software to Support FIs in Thailand

By David Penn Posted on October 10, 2016
Categories: Alpha Payments Cloud

Just a month ahead of our return to the Far East for FinovateAsia we learned today that Singapore-based Alpha Payments Cloud is partnering with RS2 Software to bring key financial and non-financial services to banks in Thailand via a single integration. Oliver Rajic, Alpha Payments CEO, said that his company's AlphaHub technology was especially suited for FIs in Asia because of the region's great variation when it comes to everything from government regulations to local customs and business preferences. "The combination of our agile and functionally rich propositions enables banks to offer highly bespoke solutions relevant to their domestic markets," Rajic said. The combination of AlphaHub from Alpha Payments Cloud and RS2's BankWORKS processing software will give Thai FIs a "one-stop shop" for services ranging from AML/KYC and fraud prevention to global acquiring and transaction routing. Merchants will be able to use the technology to accept a wide range of…

Finovate Alumni News

By David Penn Posted on October 10, 2016
Categories: Alpha Payments Cloud, Backbase, Intuit, Mitek, Temenos, Thomson Reuters

On Finovate.com Alpha Payments Cloud Teams Up with RS2 Software to Support FIs in Thailand. See Alpha Payments Cloud at FinovateAsia in Hong Kong on November 8. Backbase and Mitek Partner to Remove Onboarding Friction Around the web Suez Canal Bank in Egypt upgrades its core banking technology from Temenos. Intuit QuickBooks buys Bankstream. Thomson Reuters partners with AIM Software to provide buy-side firms with better access to pricing and reference data. 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.