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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alfa-Bank, Revolut, SplitIt, Stratifyd

On Finovate.com

  • Revolut Hires JP Morgan to Manage $500 Million Funding Round and Issue $1 Billion Loan.

Around the web

  • Alfa-Bank launches cross-border payment pilot project with Novolipetsk Steel Company, Commerzbank, and Vesuvius.
  • Divido and Shopify to offer Splitit’s monthly installment payment solution to customers.
  • Zippia names Stratifyd a great place to work.

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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Finovate Global: Jumio Lands in Brazil; TurnKey Lender Raises Capital

By David Penn Posted on
Categories: Alfa-Bank, Diebold, Finastra, Jumio, Kontomatik, Temenos, Turnkey Lender, Veridium

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Central and South Asia

  • Pakistan-based payment system operator and PSP Mobi Direct selects Worldline for its digital infrastructure platform.
  • State Bank of India partners with Hitachi Payment Services on joint venture to support digital payments in India. SBI also picked Financial Software and Systems to implement its “One Nation, One Card” digital payments program.
  • Inc42 lists 5 Trends in Fintech You Will See in 2019.

Latin America and the Caribbean

  • Jumio opens office in Brazil and operations center in Barranquilla, Colombia, as part of expansion into Latin America.
  • Mexico’s central bank turns to Amazon for public mobile payment system.
  • Banco Bolivariano of Ecuador deploys mobile banking technology from Diebold Nixdorf.

Asia-Pacific

  • TurnKey Lender locks in new investment from OSK Ventures.
  • United Overseas Bank (UOB) of Singapore launches its Smart Business Transformation Programme for SMEs in Thailand.
  • Malaysia’s Maybank introduces its e-wallet service for cashless payments.

Sub-Saharan Africa

  • Veridium teams up with Blue Turtle Technologies to drive deployment of biometric technology in Africa.
  • Nigeria’s United Bank for Africa (UBA) goes live in the U.K.
  • People’s Bank of Zanzibar launches new core banking system with technology from ICSFS.

Central and Eastern Europe

  • Russia’s Alfa-Bank joins Marco Polo Network to offer blockchain-based trade and supply chain finance services to its clients.
  • Kontomatik earns license from Bank of Lithuania to operate as an AISP in 11 EU countries.
  • Palestine Islamic Bank to deploy Temenos Infinity and Temenos T24 systems as part of its digital transformation efforts.

Middle East and Northern Africa

  • Al Taif Islamic Bank to deploy Sharia-compliant, core banking technology from Finastra, Fusion Islamic.
  • Working group supported by TheCityUK and Turkish stock exchange Borsa Istanbul launch joint effort to promote Islamic fintech solutions.
  • Scoop Empire looks at the UAE’s role in foster innovation in fintech, especially with AI.

Top image designed by Freepik

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Finovate Alumni News

By David Penn Posted on
Categories: Alfa-Bank, Arcanum Technology, Avaloq, CRIF, eToro, Green Key Technologies, Klarna, Ping Identity

On Finovate.com

  • GreenKey Technologies Secures Strategic Investment from IPC.
  • “Hello USA!” eToro Goes Live in America.

Around the web

  • Russia’s Alfa-Bank joins Marco Polo Network to offer blockchain-based trade and supply chain finance services to its clients.
  • Credit and business information systems specialist CRIF acquires majority stake in digital identity firm Inventia.
  • Klarna partners with Canadian e-commerce and in-store point-of-sale financing specialist PayBright.
  • Ping Identity wins Best Identity Management Solution at the 2019 SC Awards.
  • Arcanum Technology named a finalist in the competition for a spot in the TAG FinTech Innovation Challenge’s 2019 class.
  • Avaloq joins the Enterprise Ethereum Alliance (EEA).

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alfa-Bank, CREALOGIX, Geezeo, Jack Henry, Moneyhub, Temenos, Thomson Reuters, ThreatMetrix, Vera

On Finovate.com

  • Jack Henry Marks 100 Bank Clients Using Geezeo-Powered Service.
  • Vera Partners with Canon to Enable Data Security Across Devices and Services.

Around the web

  • Moneyhub sends CTO to Europe to implement PSD2 strategy.
  • CREALOGIX, Temenos, and Thomson Reuters win in Asian Private Banker Technology Awards.
  • Alfa Bank teams with Ingenico to enable local card processing in Russia for international merchants.
  • ThreatMetrix President and CEO Reed Taussig recognized by One World Identity as one of Top 100 Influencers in Identity.

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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Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain

Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alfa-Bank

Russia’s largest commercial bank is making bitcoin waves today. Alfa-Bank announced that it has initiated a collaboration with HashCash, a private, permissionless, digital cash system.

Through the partnership, HashCash will create a payment router and clearing house where all transactions are sent to Alfa-Bank on the blockchain. Alfa-Bank will clear transactions, forward them to the receiving bank in real-time, and log supporting documents. The transfers will operate on the Open Source Blockchain, HC NET, which uses fiat currencies for settlement.

Raj Chowdhury, Managing Director of HashCash Consultants said that the implementation “creates a clearing house solution that combines the liquidity efficiency of a netting system and the intra-day finality of a real time gross settlement system.” He added, “The result is a safe, secure, reliable, fast and final payment system for all transacting parties.”

This isn’t Alfa-Bank’s first foray into the blockchain. Last year, the bank partnered with S7 Airlines for blockchain-based ticket payments. It also collaborated with Sberbank on Russia’s first Blockchain Payment.

At FinovateFall 2015, Alfa-Bank debuted Sense, a predictive marketing solutions product for financial institutions.

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Alfa-Bank, Featurespace, Gusto, ID.me, identitii, Klarna, PayStand, Realty Mogul, Ripple, Roostify, Scalable Capital, Truphone

On the web

  • Scalable Capital Launches in Switzerland.
  • Gusto Partners with Accounting Platform Aplos.
  • Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain.
  • ID.me Powering Single-Sign On for VFW’s Digital Platforms

Around the web

  • ACI Worldwide announces its UP Merchant Payments solution now available as a cloud-based service.
  • Truphone, Featurespace and PayStand win spots on The Silicon Review’s 50 Smartest Companies list for 2017.
  • Bank Info Security features Nick Armstrong, CEO and founder of identitii.
  • Walmart Labs veteran Adnan Habib joins Roostify as VP of Engineering.
  • Realty Mogul appoints interim Chief Investment Officer Chris Fraley as its official CIO.
  • Klarna extends its partnership with ACI Worldwide.

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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Finovate Alumni News

By David Penn Posted on
Categories: Alfa-Bank, Betterment, EVRY, FinTecSystems, Nopsec, Passport, PwC, Qapital, Ripple, Wealthfront, Wealthify

On Finovate.com

  • Fintech Favorites: Token and Fidor Pilot Payments Project; Meet Miss Kaya: Singapore’s First Women-Centered Robo Advisor.
  • EVRY Inks Five-Year Core Banking Agreement with Fana Sparebank.

Around the web

  • Alfa Bank and S7 Airlines test service payment transaction processing using blockchain-based smart contracts.
  • WalesOnline recognizes Wealthify in its feature on Welsh firms “likely to have a very good 2017.” Join Wealthify in London for FinovateEurope in February.
  • The Wild Wong looks at money saving strategies with Qapital.
  • PwC and Supply Chain Finance Community launch SCF Barometer to better understand the development of supply chain finance industries.
  • FinTecSystems opens office in Spain. See FinTecSystems at FinovateEurope in London in February.
  • North Dakota State University using Passport for campus parking.
  • Nerd Wallet names Wealthfront and Betterment best overall robo advisors.
  • India-based Axis Bank to use Ripple’s network for cross-border transactions.
  • NopSec named finalist in 13th Annual Info Security PG’s 2017 Global Excellence Awards.

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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Alfa-Bank Debuts Sense, a New Way of Mobile Banking

Alfa-Bank Debuts Sense, a New Way of Mobile Banking
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alfa-Bank, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

AlfaBankLogoAlfa-Bank debuted its mobile banking communication feature, Sense:

Sense is a new way of mobile banking for universal banks. Sense works like Google Now for customers, predicting the next thing they might need. It’s more gentle and personal than the ordinary bank app and communicates like Facebook Messenger.

Presenters: Vladimir Urbanksky, CEO, Alfa-Bank; Nikita Filippov, CEO, Octoberry; and Artem Molchanov, project manager, Alfa-Lab

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Product distribution strategy: Direct to Consumer (B2C), through other fintech companies and platforms

Website: alfabank.com

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FinovateFall Sneak Peek: Alfa-Bank

FinovateFall Sneak Peek: Alfa-Bank
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alfa-Bank, FinovateFall 2015 Sneak Peek

AlfaBankHomepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference, and we’ll see you in New York!

AlfaBankLogoAlfa-Bank will introduce the concept and demonstrate the performance of future universal banks. They call it Sense.

Features:

  • Behavioral analytics helps predict what the customer needs next
  • Material design and totally reinvented UX for bank apps
  • Smart customer support and financial messaging

Why it’s great
Banks can use behavioral analytics and material design to offer a personal and empathic customer approach, with a single mobile bank app.

AlfaBankPresenter1Presenters

Nikita Filippov, CEO of Octoberry.net
Filippov (pictured) worked as an IT process and product consultant for seven years. Two years ago he landed Octoberry, a product and service design company. Octoberry helps large enterprises innovate using lean startup principles.
LinkedIn

Vladimir Urbanskiy, CEO of Alfa-Lab
Urbanskiy leads Alfa-Lab, a subdivision of Alfa-Bank, responsible for all digital business, as well as innovations management and digital transformation of financial services.
LinkedIn

Artem Molchanov, Project Manager at Alfa-Lab (Sense Project)
Molchanov leads Alfa-Lab’s mobile department. He is responsible for the technical side of innovative mobile products and team organization.

 

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, Akamai, Alfa-Bank, Bleu, D3 Banking, Dwolla, IDmission, Ldger, Lending Club, Market Prophit, PsychSignal, Revolut, Sedicii, Segmint, SizeUp, Token, Top Image Systems, Tradeshift, Tranwall, Trustly, Urban FT, Yodlee

On Finovate.com

Around the web

  • Yodlee’s startup incubator contributes to “Startup Fever.”
  • Revolut, Sedicii, SizeUp, & Token named Innotribe Startup finalists.
  • TIS signs deal to process school exams in Chile.
  • Trustly appoints Jonas Palmquist as chief financial officer.
  • FT.com features PsychSignal and Market Prophit in a discussion on market signals and social media.
  • Dwolla launches its white-label service to make it easier for FIs to use its FiSync transfer platform.
  • Segmint launches new marketing solution, Segmint Reach.
  • RetailWeek features TradeShift as startup of the week.
  • Lending Club celebrates surpassing $11 billion in loans.

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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