Finovate Alumni News

On Finovate.com

  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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.

    Germany’s aixigo Forges Strategic Partnership with Synpulse

    A strategic partnership that combines the digital wealth management and investment advisory platform of aixigo and the implementation expertise of Swiss consulting firm Synpulse is the latest big development on the European wealth management scene.

    The two companies announced a strategic partnership this week that will provide financial service providers in Switzerland and beyond with a digital API platform that is fast, flexible, and has what the company called “mass suitability.” aixigo’s platform offers more than 100 API-based services, delivering value-added digital services to branches as well as via mobile devices. The solution can provide large volumes of raw data for legacy systems, and then refine the data quickly at scale without regard for the client’s underlying core banking system.

    Left to right: Marcus Grundler (Head of Portfolio Management Systems) and Mario Alves (Head of Sales & Partner Management) demonstrating aixigo’s Digital Financial Portfolio Management Back Office solution at FinovateFall 2018.

    aixigo CEO Erich Borsch underscored the need for speed when it comes to providing services in wealth management. “(The) attention span of clients in the digital age continues to decline,” he said. “So the goal must be to get at least two minutes of attention a day from the client. And you can only do that if you can offer relevant information extremely quickly, digitally, and attractively.”

    Banks are as much a beneficiary of faster, more flexible solutions as customers are, Borsch added. And by meeting customer expectations in the digital realm, he said, it is easier “for the bank to become an integral part of daily digital habits.”

    Synpulse Managing Partner Raphael Jung explained the importance of aixigo’s technology in a world of open banking and open APIs. He said, “In order to be able to use this potential for digital offers in asset management and investment advisory as well, a system is needed that records all relevant data at high speed and makes it available again in a redefined form – an API platform.”

    Headquartered in Aachen, Germany, and founded in 1999, aixigo demonstrated its Digital Financial Portfolio Management Back Office solution at FinovateFall 2018. The technology enables wealth managers to leverage relatively small staffs to manage hundreds of thousands of investment portfolios quickly and efficiently.

    Finovate Alumni News

    On Finovate.com

    • Germany’s aixigo Forges Strategic Partnership with Synpulse.
    • The Rise of AI and the Role of the Customer in Fintech.

    Around the web

    • Payment service provider Truevo to deploy front office and core banking solutions from Temenos.
    • Klarna launches global customer authentication platform for multinational businesses.
    • Fintech OS announces new Chief Revenue Officer Leon Stevens.
    • Best of Show winner Voleo takes home the 2019 Best Stock Trading App award in the Investment category of the FinTech Breakthrough Awards.
    • Trunomi unveils new website, branding.
    • Kony teams up with Okta to provide ID management and MFA.
    • FindBiometrics interviews Jeff Maynard, CEO and Founder of Biometric Signature ID.
    • Tradeshift to power supplier solutions for Axfood.

    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.

    FinovateFall Sneak Peek: aixigo

    FinovateFallA look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

    aixigo offers the fastest wealth management technology. The company enables innovation leaders to digitalize all aspects of the personal investment business.

    Features

    • Offers the fastest wealth management platform
    • Manages millions of portfolios
    • Sends millisecond responses combined with big data scalability

    Why it’s great
    aixigo’s wealth management technology is the fastest available. It will manage millions of portfolios your way.

    Presenters

    Mario Alves, Head of Sales and Partner Management
    Alves is a proven expert in retail and private banking, with a special focus on investment and advisory in MiFID related markets and products.
    LinkedIn

    Marcus Gründler, Head of Portfolio Management Systems
    Gruendler is head of portfolio management systems at aixigo with international project experience and develops aixigo’s high performance wealth management platform.
    LinkedIn

    Aixigo Relaunches Digital Portfolio Management System

    Digital wealth manager investify has a new high performance portfolio management system courtesy of its partnership with Germany’s aixigo. The system, accessible via API, features a variety of enhancements that make it easier for the portfolio to intake and manage large data sets from legacy systems, quickly refine them, and make the data available to all customer systems.

    With nearly 100 services, the API provides digital wealth managers with the necessary processes and functions for high-volume business, enabling the platform to serve both average and wealthy customers. And as a REST API, the technology supports innovation from financial services providers looking to further develop their digital customer journeys with apps, chatbots, or voice interfaces. For its part, investify will take advantage of the portfolio analysis, monitoring, and reporting services available through aixigo’s solution.

    “The speed and mass suitability of the module enables an extremely scalable portfolio analysis, which is crucial for digital asset management,” founder and managing director of investify, Sebastian Hasenack said. “Moreover, it is a decisive advantage of investify for high volume B2B cooperation in the banking and insurance sector.”

    “The aixigo high performance portfolio API is based on five basic principles that we have not invented but consistently apply,” Fabian Budde, aixigo Head of Customer Projects, added. “To make the data quickly available, it is stored in an in-memory database. We use so-called cache-oblivious algorithms to reduce processor waiting times.”

    Founded in 1999 and headquartered in Aachen, Germany, aixigo demonstrated its Digital Financial Portfolio Management Backoffice at FinovateEurope 2018. The company is also an alum of our developers conference. Aixigo Head of Portfolio Management Systems Marcus Gruendler presented Digital Wealth Management with APIs at FinDEVr London 2017 last summer.

    In June, aixigo’s wealth management technology won the Outstanding Front-End Digital Solutions Provider (Vendor) category of the Private Banking Conference & Awards. Last fall, the company was honored with the Banking IT-Innovation award from the Business Engineering Forum of the University of St. Gallen in Switzerland.

    Luxembourg-based investify demonstrated its online advisory technology at FinovateEurope 2016. The solution not only guides users through the process of determining personal financial goals, but also makes it easy for a customer to open an investment account at the same time. The B2C company has 15 employees and has raised more than €2 million in funding.

    Finovate Alumni News

    On Finovate.com

    • Aixigo Relaunches Digital Portfolio Management System.
    • BeSmartee and LoanFuel Help Make Mortgage Lending Mobile.

    Around the web

    • Albania’s Raiffeisen Bank Shqipëri partners with NF Innova to deploy digital self-service kiosks.
    • TransferWise opens office in Hong Kong as part of expansion into Asia.
    • Equifax teams up with digital consent management platform Consents Online to support open banking.
    • Nomis Solutions picks Melbourne as site of new regional headquarters.
    • Efigence provides UI/UX design, development and implementation for new investment platform from Polish home equities broker, CDM Pekao.
    • Braintri discusses the commercialization of its contactless payment technology, Jiffee, at SelectUSA Investment Summit 2018.

    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.

    Finovate Alumni News

    On Finovate.com

    • Personetics Accommodates Digital-Only and Challenger Banks.
    • Diebold Nixdorf Brings its Bank-Like Kiosk to Emirates NBD Customers.
    • Munnypot Announces Strategic Partnership with Capita.
    • Switch Speeds Virtual Card Adoption with CardSavr API.

    Around the web

    • aixigo wins top honors in the Outstanding Front-End Digital Solutions Provider (Vendor) category of the Private Banking Conference & Awards in Germany for its wealth management platform.
    • Trunomi announces partnership with blockchain-based digital ID solution, Shyft.
    • Mambu and Form3 team up to launch cloud-based payments processing service.
    • Fiserv collaborates with Rippleshot to provide early breach detection solution, Card Risk Office Fraud Warning.
    • Mitek adds identity document verification and biometric facial recognition technology to its platform courtesy of a new agreement with Experian.
    • Earnix introduces AcceleRate-it with Direct Deploy technology.
    • Trulioo wins Startup Canada’s Global Entrepreneurship Award.

    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.

    FinovateEurope Sneak Peek: aixigo

    A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

    aixigo offers the fastest wealth management technology. It enables innovation leaders to digitalise all aspects of the personal investment business.

    Features

    • Offers the fastest wealth management platform
    • Manages millions of portfolios
    • Provides millisecond responses combined with big data scalability

    Why it’s great
    aixigo’s wealth management technology is the fastest available. It will manage millions of portfolios your way.

    Presenters

    Mario Alves, Head of Sales and Partner Management
    Alves is a proven expert in retail and private banking, with a special focus on investment and advisory in MiFID related markets and products.
    LinkedIn

    Marcus Gruendler, Head of Portfolio Management Systems
    Gruendler is Head of Portfolio Management Systems at aixigo with international project experience. He develops aixigo’s high performance wealth management platform.
    LinkedIn

    Finovate Alumni News

    On Finovate.com

    • AlphaPoint Names New CEO, Plans for New Public Blockchain Network.
    • FI.SPAN Enables Banks to Maximize the Opportunity of Open Banking.

    Around the web

    • Thomson Reuters enhances ESG data monitoring capabilities for its Eikon solution.
    • Symphony Software Foundation adds to its Open Developer Platform.
    • Turkiye Garanti Bank, Turkey’s second largest private bank, to deploy customer analytics technology from NICE.
    • Cardlytics taps Jed Murphy as new U.K. Head of Strategy and Innovation.
    • Avoka bolsters executive ranks with two new SVPs, Director of Sales.
    • Moxtra wins spot in Prudential PRU Fintegrate program.
    • Wealth management platform aixigo wins Banking IT-Innovation Award from Business Engineering Forum of the University of St. Gallen in Switzerland.

    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.

     

    FinDEVr APIntelligence

    Our first developers conference in the U.K. is next month. Join us for two days of developer-focused presentations, demonstrations, and conversations at FinDEVr 2017 London, June 12 and 13. Stop by our registration page today and save your spot.

    On FinDEVr.com

    • Trulioo and the Regtech Revolution: How Smaller Teams Tackle the Compliance Challenge.
    • Inside BBVA’s Open API Marketplace

    Alumni updates

    • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
    • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
    • Cisco and IBM team up on security.
    • Glenmede taps IHS Markit for data management.
    • Bank of Sydney replaces its digital banking platform with DigitalAccess from Fiserv.
    • eWise integrates its Aegis data aggregation platform into Backbase’s Open Banking Marketplace.
    • Xero Partners with Expensify for In-House Expense Management.
    • PYMNTS.com features The CardLinx Association’s success.
    • Xero expands online-invoice payment options in Xero for Australia.
    • Worldpay tests payments in virtual reality

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