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FinDEVr Silicon Valley: Looking Back, Moving Forward

By David Penn Posted on October 3, 2016
Categories: FinDEVr 2015 San Francisco, FinDEVr 2016 Silicon Valley

With the third annual FinDEVr Silicon Valley 2016 only a few weeks away (and tickets still available), it's a great time to look back and see what the FinDEVr alums have been up to this year.

From new integrations, new solutions, and new partnerships to mergers, acquisitions, and initial public offerings, we were impressed at how busy our FinDEVr alums have been. Take a look for yourself—and then be sure to save your spot at FinDEVr when it returns to Silicon Valley, October 18 & 19.

Alums presenting at FinDEVr Silicon Valley 2016:

Aerospike (FD15)

Earned a spot on the Big Data 50 Released version 3.8 of its database server

DefenseStorm (formerly Presidio) (FD15)

Rebranded as DefenseStorm Ranked as one of the top 10 most promising cloud banking solutions of 2015 Raked in $3 milion in new funding

Entrust Datacard (FD15)

Named…

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on October 3, 2016
Categories: Aire, Backbase, Ethoca, Fiserv, ID.me, Neustar, PayNearMe, Xero

On Finovate.com

FinDEVr Silicon Valley: Looking Back, Moving Forward Fintech Favorites: A Roundup of Top Stories in Fintech Aire Raises $2 Million, Receives Regulation from the Financial Conduct Authority (FCA)

Around the web

India-based HDFC Bank selects Backbase to implement its digital banking platform. Inc. Magazine features entrepreneur and veteran Blake Hall, CEO and co-founder of ID.me. Neustar appoints Nick Hulse as chief revenue officer. Kristina Campbell joins PayNearMe as chief financial officer. Ethoca partners with Lean Industries. Fiserv collaborates with CoreLogic to provide enhanced loan-modification technology. Xero teams up with Barclays to improve access to transaction data for U.K. businesses.

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.

Fintech Favorites

By David Penn Posted on October 2, 2016
Categories: Braintree, Jumio, MasterCard, PayPal, Simple, Symbiont

Featured

Mastercard (FD14) launches its developer portal (again). Having originally launched its dev platform in 2010, Mastercard this week announced an expansion of its platform that provides third-party developers single-location access to more than 25 updated APIs in categories such as payments, data, security, and financial inclusion. The platform also features an experimental category with APIs for bot commerce (think chatbots, VR, and augmented reality), and developers will be able to use six different coding languages (Java, Javascript, C#, Ruby, Python, and Node.js).

Mastercard says it has seen a 4x increase in API usage in 2016, which encouraged the company to expand its portal to include open APIs for all of its products. "The APIs are built to be open, flexible and available through a single doorway," SVP for APIs at Mastercard Oran Cummins told ComputerWorld. "It's our front door and we've been cranking up the volume on…

Finovate Alums Earn Recognition at 2016 Wealth Management Awards

By David Penn Posted on September 30, 2016
Categories: Betterment, eMoney Advisor, Envestnet

Three Finovate alums won their respective categories at the 2016 Wealth Management Awards. Envestnet was the big winner among our alums to be honored, winning a variety of categories: 401(k) Retirement Plan Support Services; Socially Responsible Investing (SRI)/Impact Investing; TAMPs; and Rebalancing. eMoney Advisor won the Client Portals and Innovation Platform categories, and Betterment for Business won the 401(k) Retirement Plan Support Services Technology category.

For Envestnet, the award comes just days after announcing its new collaboration with Charlotte, North Carolina's Innovation Partners, who will use financial wellness solutions from Envestnet | Yodlee to enhance its wealth-management services. Elaine Lawrence, president and co-chief compliance officer for Innovation Partners, said the technology would help her firm "engage with clients according to their preferences, while also stepping in to demonstrate value as necessary." Founded in 1999 and headquartered in Chicago (Envestnet) and Redwood City (Envestnet | Yodlee),…

Finovate Alumni News

By David Penn Posted on September 30, 2016
Categories: Actiance, BanQu, Betterment, eMoney Advisor, Envestnet, LendingTree, Qapital, Xero

On Finovate.com

Envestnet | Yodlee, eMoney Advisor, and Betterment Earn Recognition at 2016 Wealth Management Awards

Around the web

Qapital featured in a list of the "5 best productivity apps for freelancers." Let's Talk Payments profiles Finovate Best of Show winner BanQu. LendingTree named a top workplace by The Charlotte Observer. Actiance Launches Safe Landing Program for Autonomy Customers. Xero Announces Improved Integration with PayPal.

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.

CEO Interview: Jumio’s Stephen Stuut

By David Penn Posted on September 29, 2016
Categories: CEO Interview, Jumio

A few weeks ago, we sent some questions to Jumio CEO Stephen Stuut (pictured). The digital ID-verification company he runs made headlines a little over a month ago with news that it had raised $15 million from its new owner, Centana Growth Partners. A Best of Show winner from FinovateEurope 2015, Jumio fell on challenging times this spring when it filed for Chapter 11 protection. Stuut, who took the helm at Jumio in May 2015, struck a positive tone, saying that the "restructuring process will allow us to strengthen the company's financial structure and extend our leadership position in ID verification."

So far so good. In addition to its recent funding, Jumio has forged ID verification and KYC/AML partnerships with companies ranging from European online gaming operator, Tipico; to the Paris-based mobile scooter-sharing network, Cityscoot; to Spanish crypto-currency specialist Krypto Commerce—all in the…

FinDEVr Preview: Totum Wealth

By Julie Muhn (@julieschicktanz) Posted on September 29, 2016
Categories: FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview, Totum Wealth

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.

Totum Wealth will unveil Totum 2.0, its latest technology that empowers a new experience for both investors: an educational questionnaire, and for advisers: bespoke portfolio construction and a proposal dashboard. Totum helps the adviser understand the client’s multidimensional risk-context to have a deeper conversation and shorten the sales cycle.

Why it's a must-see

Given the seismic changes in wealth management from regulations, demographics and pricing compression, Totum’s robust approach to risk—and its unique solution—is deeply rooted in user experience and customer insights. Developers can get a sense of our journey and how it developed an innovative fintech application while meeting market needs.

Check out more of today’s FinDEVr Previews:

ACI Worldwide UCX

FinDEVr Preview: ACI Worldwide

By Julie Muhn (@julieschicktanz) Posted on September 29, 2016
Categories: ACI Worldwide, FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Pick up your ticket to save your spot today.

ACI Worldwide's live demo and real-time payment integration will show how developers can use ACI’s COPYandPAY, the first SAQ-A compliant JavaScript payment-form solution, to easily add dozens of alternative payment methods and card brands to the checkout page. Plus, the company will preview the UP eCommerce Payments solution omnichannel payment capabilities.

Why it's a must-see

The UP eCommerce Payments solution, underpinned by an industry-leading RESTful open API, combines open payment infrastructure with the largest global payments network. As well as overcoming the technical complexities of payments integration, the flexible open platform can be leveraged by developers to build their own apps and features.

Check out more of today’s FinDEVr Previews:

Totum Wealth UCX

FinDEVr Preview: UCX

By Julie Muhn (@julieschicktanz) Posted on September 29, 2016
Categories: FinDEVr 2016 Silicon Valley, FinDEVr 2016 Silicon Valley Preview, UCX

UCX is an up-and-coming spot market where enterprises and cloud service providers trade the cloud as a commodity.

Why it's a must-see

Enterprises are wasting billions on computing resources because they lack an understanding of their true cost of consumption and can’t accurately compare CSPs. UCX provides a centralized and transparent exchange where participants utilize a standard unit of measure to make apples-to-apples comparisons, and the market competes for your business.

Check out more of today’s FinDEVr Previews:

Totum Wealth ACI Worldwide

WealthForge to Raise $2.5 Million in New Convertible Note Offering

By David Penn Posted on September 29, 2016
Categories: Funding, Fundings, WealthForge

WealthForge will raise $2.5 million in new capital using the same convertible note strategy the company used last year to raise $2.2 million. Bill Robbins, who took the helm as CEO at WealthForge last December, said the funding will help WealthForge build its core business, as well as make investments in "sales, marketing, and support." Characterizing the initial response to the convertible note offering as "extremely positive," Robbins expects to complete the fundraising by the end of the year.

WealthForge has raised more than $5 million in total equity funding, and includes CIT GAP Funds, NRV, and SenaHill Partners among its investors. The current convertible note investment is structured as debt that can be converted into equity. Reporting on WealthForge's SEC filing, Richmond Biz Sense noted that WealthForge is looking for minimum investments of $25,000 from outside investors.

C0-founder and Chief Strategy Officer Mat Dellorso demonstrated the WealthForge…

Sberbank Inks Partnership with Hyperledger to Tap Into the Blockchain

By Julie Muhn (@julieschicktanz) Posted on September 29, 2016
Categories: Sberbank

Originally founded in 1841, financial services organization Sberbank has seen a lot of change over the 175 years it's been in business. And this week the bank is embracing more change by taking a leap into the blockchain.

The Russian bank, along with Hyperledger's founding organization, the Linux Foundation, have signed a deal for the bank to participate in the Hyperledger Project. A group of Sberbank's 9,000 developers have formed a dedicated team to work with the nonprofit blockchain initiative. The project was created to advance blockchain technology by identifying aspects for a cross-industry standard that will change the way transactions are conducted.

Lev Khasis, first deputy chairman of Sberbank's executive board, anticipates the open source blockchain platform will help Sberbank to "access international expertise and cutting-edge blockchain developments." Khasis also explained that the bank's use of the blockchain will span multiple use cases, including real estate, and that…

Finovate Alumni News

By David Penn Posted on September 29, 2016
Categories: ACI Worldwide, Fiserv, Green Dot, Hyperwallet, Jumio, Radius, Sberbank, Simple, Totum Wealth, UCX, WealthForge

On Finovate.com

WealthForge to Raise $2.5 Million in New Convertible Note Offering CEO Interview: Jumio's Stephen Stuut Sberbank Inks Partnership with Hyperledger to Tap Into the Blockchain Check out today's previews of upcoming FinDEVr Silicon Valley 2016 presentations: Totum Wealth ACI Worldwide UCX

Around the web

Green Dot unveils Visa credit card for thin-file consumers. First National Bank of Pennsylvania upgrades its mobile banking and payments platform from Fiserv to enable debit card management. Martech Advisor interviews Radius CEO and co-founder Darian Shirazi. PYMNTS.com talks with Hyperwallet VP Tomas Likar about the challenge of payments in the on-demand workforce. See Hyperwallet at FinDEVr Silicon Valley 2016, October 18 & 19. Radius announces the Radius Customer Exchange (RCX), a solution to advance co-marketing for B2B marketers. Simple launches shared accounts.

This post will be updated throughout the day as news and developments emerge. You can also follow all the…