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Start FinDEVr Week with a Stop at Fintech University

By David Penn Posted on October 4, 2016
Categories: BBVA

There are plenty of reasons why you should make the trip to Silicon Valley for our upcoming FinDEVr developer's conference in two weeks (tickets are still available!). Now, courtesy of BBVA, there's a reason to come a day or two early.

Sponsored by BBVA, Fintech University is opening its doors on October 17th, just a day before FinDEVr Silicon Valley begins. Fintech University is an interactive event with keynotes and workshops led by top fintech entrepreneurs. The goal is to provide startups with the insights, advice, and networking opportunities that will help them grow and thrive. Admission on Monday the 17th is free, although registration is required due to limited seating.

In addition to BBVA executives Shamir Karkal and Héctor Arias, Finovate/FinDEVr alums are also well represented, including CEOs, founders, and presidents such as:

Farhan Ahmad, CEO/founder, Bento for Business (F15) Johnny Ayers, co-founder, Socure …

Email Marketing: Third-Party Offers with Deal-Killer Fine Print

By Jim Bruene Posted on October 4, 2016
Categories: Capital One, Credit/Debit Cards, Email Marketing, Email Samples

I've complained about similar offers before, but since this arrived in my inbox this morning, I figured it's time to revisit the issue.

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Today's lesson is about third-party offers, where an outside company pays to get in front of your customer base. They are relatively rare in financial services these days because banks and card issuers are wary of being tarred and feathered in social media (or the CFPB) if something goes wrong or the particular marketing permissions were later shown to be lacking.

The offer in question is from Uber. It's good for $5 off your first 5 rides and requires a Capital One card for payment. That's a win-win. Uber gets a new customer and Capital One gets its card loaded into the Uber app for years to come.

The problem: It's only for new Uber customers. I presume Capital One removes cardholders from the…

FinDEVr Preview: IBM

By David Penn Posted on October 4, 2016
Categories: FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview, IBM

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Tickets are on sale now. Visit our registration page and save your spot today.

Blockchain has fast become the new marketing buzzword for solving all financial and security woes, but what is it really? Demystify the blocks as IBM delves into the hyperledger project, what it means for the industry, and why blockchain is ideal for more than just securities—all while live-deploying chain code using IBM's blockchain-as-a-service.

Why it's a must-see

Blockchain is the next stage in consensus-driven transactions and for most people the concept is about as clear as Seattle weather. This presentation quickly and visually guides attendees through the basic concepts of hyperledger and, for developers, how to quickly deploy blockchain in a cloud environment.

Check out more of today's FinDEVr Previews:

Wisdom Design Associates PwC

FinDEVr Preview: PwC

By David Penn Posted on October 4, 2016
Categories: FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview, PwC

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Tickets are on sale now. So visit our registration page and save your spot today.

Improving the business process of trade finance operations to digitize the movement of services, goods, and capital could represent a paradigm shift to market participants. Using Standby Letter of Credit as an example, PwC will present the potential of blockchain to positively transform the business process where current challenges exist.

Why it's a must-see

The SBLC use-case provides the framework to scale toward more complex Trade Finance use-cases and instruments. The ability to address challenges in current manual processes allows for increased operational efficiencies, improved analytics, more reliable information and data, and enhanced balance-sheet management.

Check out more of today's FinDEVr Previews:

Wisdom Design Associates IBM

FinDEVr Preview: Wisdom Design Associates

By David Penn Posted on October 4, 2016
Categories: FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview, Wisdom Design Associates

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Be sure to stop by our registration page today, pick up your ticket, and save your spot.

Wisdom Design Associates will demonstrate the Wisdom Authorization Solution, a comprehensive technology for dynamic control of business authority. Wisdom goes beyond access control to address regulatory compliance, multiparty risk, long-running and multilegged transactions, and contextual obligations. Wisdom manages accountability for risky actions and assures auditability of all grants of authority.

Why it's a must-see

See how Wisdom's intuitive tools give business users fine-grained control of their staff's authority in your applications, without need for an entitlement team. Watch Wisdom's middleware technology manage interactions with the decision function, relieving the application and its developers of the need to deal with ever-changing policy requirements.

Check out more of today's FinDEVr previews:

IBM PwC

Two P2P Sharing-Economy Players Team Up—Airbnb and Zopa

By Julie Muhn (@julieschicktanz) Posted on October 4, 2016
Categories: Zopa

While the concept of P2P lending is creative in and of itself, U.K.-based P2P lending pioneer Zopa is letting its creative roots show. Today the company partnered with Airbnb to help customers pay back their loan.

Here's how it works, upon logging into their Zopa dashboard, borrowers click a link to sign up to become an Airbnb host. If they earn £500 from Airbnb within six months, they get £50 off their loan. If they earn £1,000 from Airbnb rentals, they get £100 off. U.K. hosts earn an average of £2,000 per year for renting their home for 46 nights, which means borrowers would need to rent out their homes around 18 times over the course of a year to take full advantage of Zopa's offer.

While the partnership makes sense for Zopa—it's a focused way to help borrowers increase their income—it seems unlikely that banks will make the same…

FinovateAsia Sneak Peek: VIX Verify

By Julie Muhn (@julieschicktanz) Posted on October 4, 2016
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, VIX Verify

A look at the companies demoing live At FinovateAsia on 8 November 2016 in Hong Kong. Register today.

Businesses trust VIX Verify’s greenID platform to provide seamless customer onboarding and develop integrated identity-verification services in response to increasing regulatory requirements.

Features:

Quick and accurate real-time verification using mobile or web-based process AML/CTF and KYC compliance with global regulations Multiple options to simplify the integration process

Why it's great
Give your customers a smarter experience. With mobile onboarding tools and greenID’s latest technology, your customers can verify themselves anywhere, anytime and on the go.

Presenters

Ken Burrows, Founding Member & Global Head of Sales
With two decades of experience providing enterprise solutions to organizations, Burrows' extensive background in the field of electronic verification drives the expansion of VIX Verify to the world.
LinkedIn

Gerald Soo, Regional Sales and Client Services Manager
Specializing in South East Asia, Soo has more than…

FinovateAsia Sneak Peek: eWise

By Julie Muhn (@julieschicktanz) Posted on October 4, 2016
Categories: eWise, FinovateAsia 2016, FinovateAsia 2016 Sneak Peek

A look at the companies demoing live At FinovateAsia on 8 November 2016 in Hong Kong. Register today.

eWise provides a financial data-aggregation API. With its partner WeInvest, it will demonstrate TrackWealth, the new wealth-management tool for Singaporean investors.

Features

Consolidate accounts: add all investment accounts in one place Analyze growth: view the portfolio performance over time Assess risks: review exposure by products, geography and currency

Why it's great
TrackWealth is using eWise's patented client-side aggregation technology, allowing users to add and aggregate all of their financial accounts within the personal data-vault on their own devices.

Presenters

Dean Young, Head of Product Management at eWise
Young has more than twenty years' experience in the financial services industry, initially with Westpac and most recently in global roles with international vendors.
LinkedIn

Bhaskar Prabhakara, Founder and CEO at WeInvest
Bhaskar co-founded WeInvest with the vision to help everyone take control…

FinovateAsia Sneak Peek: Marketsmojo

By Julie Muhn (@julieschicktanz) Posted on October 4, 2016
Categories: FinovateAsia 2016, FinovateAsia 2016 Sneak Peek, Marketsmojo

A look at the companies demoing live At FinovateAsia on 8 November 2016 in Hong Kong. Register today.

Marketsmojo is a multi-algorithm-based financial investment analysis platform which offers full coverage and is unbiased. The company aims to go global with the same approach over the next few months. More than 500 formulas run on every listed stock, which are based on fundamental research, technicals, expert broker recommendations, price movement, news and sentiment. This adds up to quality, valuation, and trend forecasting.

Why it's great
The company started making operational level profits one month after its launch.

Presenter

Dr. Mohit Batra, CEO & Founder
Batra is a PhD with more than 20 years of financial services and technology experience. He was a founding member of Moneycontrol, CNBC India. Additionally he served as country head of wealth at ABN Bank; director of MOSL; and CEO of ACM.
LinkedIn

Darwinex Unveils Mobile App for Android

By David Penn Posted on October 4, 2016
Categories: Darwinex

Looking to buy and sell your Dynamic and Risk Weighted Investments, aka Darwins, while on the go? U.K.-based broker and asset manager Darwinex today unveiled its mobile app for Android. Darwinex App for Investors provides mobile users with the same essential features of Darwin's online platform, including the ability to buy and sell Darwins, track your portfolio in real-time, as well as check in with other traders on the Darwin Exchange.

"Owning all our technology affords us a competitive advantage as we don't depend on third parties," Darwinex CEO Juan Colón said. "Our Android app is the first of several upcoming feature launches aimed at fundamentally disrupting today's retail brokerage industry." Download the Darwin App for Investors from Google Play.

More than a traditional exchange, Darwinex is an online and mobile platform that enables traders to participate in the financial markets and allows investors to invest capital in the strategies…

Finovate Alumni News

By David Penn Posted on October 4, 2016
Categories: Braintree, Cachet Financial Solutions, Darwinex, eWise, Fidor Bank, IBM, Insuritas, Jack Henry, Marketsmojo, MasterCard, PayPal, PwC, Sberbank, Temenos, TransferTo, VISA, VIX Verify, Wisdom Design Associates, Zopa

On Finovate.com

Darwinex Unveils Mobile App for Android Two P2P Sharing Economy Players Team Up–Airbnb and Zopa Check out the first set of FinovateAsia sneak peeks: VIX Verify eWise Marketsmojo Our latest round of FinDEVr Previews is up. Meet: Wisdom Design Associates IBM PwC

Around the web

Fidor Bank teams up with Abu Dhabi Islamic Bank to launch first community-based digital bank in the region. Bank of Ireland to deploy UniversalSuite core banking solution from Temenos. Jack Henry & Associates collaborates with Visa to accelerate P2P payments to debit cards. Sberbank and MasterCard launch Apple Pay on Russian market. Bluefin Announces Issuance of Patent on Decryption as a Service. Eurogiro and TransferTo join forces to link mobile money with 500,000 bank and postal branches. PayPal promotes Braintree's William Ready to chief operating officer. Commercial Bank of Texas hires Insuritas to launch insurance agency. Cachet Partners with Viamericas to…

Aire Raises $2 Million, Receives Regulation from the Financial Conduct Authority (FCA)

By Julie Muhn (@julieschicktanz) Posted on October 3, 2016
Categories: Aire, Funding

Alternative credit-scoring company Aire is a London-based startup that shows no sign of "Brexiting" any time soon. The company just closed an additional $2 million in funding, adding to the funding round it closed in April.

Today's round was led by White Star Capital alongside Sunstone Capital and Accion Venture Lab and brings Aire's total funding to $7 million. The company plans to use the new funds to expand its platform into new markets.

Aire announced it is now authorized and regulated by the Financial Conduct Authority (FCA), the financial regulator in the U.K. If you're not familiar with the FCA, this is a pretty big deal for a startup. Receiving FCA authorization brings Aire onto a level playing field with the big-three credit bureaus.

In a statement, Aire co-founder and CEO Aneesh Varma said:

It's a huge step for us and also for credit scoring. We strongly believe…