Alkami Technology

Finovate Alums Earn Spots in FinTech Forward 20 “Companies to Watch”

Finovate Alums Earn Spots in FinTech Forward 20 “Companies to Watch”
By David Penn Posted on
Categories: Alkami Technology, BehavioSec, CUneXus Solutions, Currency Cloud, identitii, inSpirAVE, Malauzai Software, Moven, North Side, Personetics

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Half of the companies in the FinTech Forward 20 “Companies to Watch” list presented by American Banker and BAI this week are Finovate/FinDEVr alums. These 10 companies range from payments innovators and security specialists to alt-lending platforms and mobile banking app builders—the list even includes a pair of alums that have earned multiple Best of Show awards.

“The following 20 companies are the standouts among a pool of companies that nominated themselves and ones familiar to our judges,” American Banker declared in an announcement accompanying a slideshow of the FinTech Forward 20. When evaluating the various companies, judges were encouraged to ask themselves questions such as: “Is this organization solving relevant problems for the banking industry?” and “Does it speak to the challenges the industry faces now.”

Below are the ten Finovate/FinDEVr alums that made the cut. The rest of the FinTechForward 20 is listed below.

  • Currency cloud (FF16)
    • Founded in 2012
    • Headquartered in London, United Kingdom
    • Michael Laven is CEO
    • $35 million raised
  • identitii (FF16)
    • Founded in 2014
    • Headquartered in Sydney, Australia
    • Nick Armstrong is co-founder and CEO
  • BehavioSec (FF15)
    • Founded in 2007
    • Headquartered in Stockholm, Sweden
    • Neil Costigan is CEO
    • More than $8 million raised
    • Two-time Finovate Best of Show winner
  • InSpirAVE (FF16)
    • Headquartered in Pittsburgh, Pennsylvania, and New York City, New York
    • Om Kundu, founder, is CEO and chairman
  • Moven (FF16)
    • Founded in 2011
    • Headquartered in New York City, New York
    • Brett King, founder, is CEO
    • More than $24 million raised
    • Two-time Finovate Best of Show winner

Commenting on its spot on the list, Finovate newcomer InSpirAVE founder and CEO Om Kundu said the recognition was a “testament that our patent-pending technology enables financial institutions partnering with us to set themselves apart.” Kundu said his company’s solutions help FIs “tangibly boost deposits and payments revenues” as well as improve customer engagement and share-in-wallet in enduring ways.

Co-founder and CEO of CUneXus credited his firm’s one-click consumer-lending technology for catching the Fintech Forward judges’ attention. He said banks and credit unions were growing the size of their loan portfolios and “competing with emerging technologies” by adopting CUneXus’ solutions.

Speaking for Alkami Technology, which demoed at Finovate 2009 as iThryv, founder Stephen Bohanon, chief strategy and sales officer, pointed to his company’s flagship Alkami ORB platform and called it an example of the sort of “user experience brought about by great design and tightly coupled integration” that increasingly will set FIs apart. “ORB gives banks and credit unions a competitive advantage by placing strong emphasis on delivering the ultimate digital banking experience,” Bohanon said.

Also on the Fintech Forward 20 Companies to Watch list were:

  • Autobooks
  • Kasisto
  • ClickSWITCH
  • Built
  • BookingBug
  • Lenndo
  • Supipay
  • Self Lender
  • Private Wealth Systems
  • Yantra Financial Technologies

Fintech Forward is a collaboration between American Banker and BAI that combines research, media, and event hosting into a single professional, educational enterprise. In addition to its Fintech Forward 20 “Companies to Watch” list, Fintech Forward also publishes a Top 100 Companies and Top 25 Enterprise rankings.

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Fintech Favorites

By Jim Bruene Posted on
Categories: Alkami Technology, eWise, Fiserv

Featured

Milestones

Trends

Tech

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Alkami Technology Inks Digital Banking Deal with Desert Schools FCU

Alkami Technology Inks Digital Banking Deal with Desert Schools FCU
By David Penn Posted on
Categories: Alkami Technology

alkami_homepage_cached

One of our oldest alums just inked a deal with the biggest credit union in Arizona.

Alkami Technology, which demoed at FinovateSpring 2009 as iThryv and transitioned to its current incarnation a year later, announced this week that Desert Schools Federal Credit Union will use its ORB (Online Relationship Builder) digital banking platform. Desert Schools FCU is the largest credit union in Arizona, with $4 billion in assets and more than 220,000 online banking users.

Stephen Bohanon, chief strategy and sales officer for Alkami Technology, cited research indicating that mobile banking provided an “immediate lift in overall satisfaction” in praising his company’s partnership with Desert Schools. “Financial institutions like Desert Schools are embracing this shift in consumer expectations by investing in digital technology that delivers a superior, engaging experience,” Bohanan said.

Alkami’s ORB platform will give members of Desert Schools FCU access to a wide array of features inducing retail and business banking tools, mobile, billpay, PFM, P2P payments, and more. The technology will also enable Desert Schools to build their own apps and product extensions, as well as introduce additional, new features to provide its members with what Alkami calls a “highly, customized digital banking experience.”

And this is exactly what the Arizona-based credit union was looking for. “We selected Alkami for their modern and engaging user experience,” SVP of digital strategy for Desert Schools FCU, Tim Lipsky, said, “as well as their flexible and extensible platform, which aligns with our vision to strengthen our digital capabilities to meet our members’ needs.”

Based in Plano, Texas, Alkami Technology teamed up with security specialist Easy Solutions this spring, bringing enhanced fraud protection to Alkami’s digital banking platform. The company’s ORB was recognized in the 2015 GonzoBanker awards as part of Tim Daily’s “Online Banking/Mobile Banking Franken-Banking Product.”

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Finovate Alumni News

By David Penn Posted on
Categories: Alkami Technology, BehavioSec, Comarch, Envestnet, FinovateSpring 2016, FinovateSpring 2016 Sneak Peek, Fiserv, Geezeo, Malauzai, Moven, Streamdata.io, SWITCH, ThreatMetrix, Top Image Systems

On Finovate.com

  • “Malauzai to Offer Geezeo-Powered PFM Tools”

On FinDEVr.com

  • “FinDEVr New York Presentation Videos Live on FinDEVr.com”

Around the web

  • Top Image Systems appoints Kristian Niklasson as its new chief services officer.
  • Alkami Technology teams up with Easy Solutions to add anti-fraud technology to its digital banking platform.
  • Irish Tech News interviews Moven CEO Brett King. See Moven at FinovateSpring next month in San Jose.
  • Fiserv Investment Services President Cheryl Nash named executive leader for Envestnet Institute On Campus’ “Women in Wealth Management” program.
  • API report covers Streamdata.io.
  • ThreatMetrix launches new release with deeper decision analytics, enhanced mobile offering, and stronger authentication capabilities.
  • BehavioSec, Nationwide, Unisys Team Up on Biometrics.

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: Aerospike, Alkami Technology, Infosys, LoanNow, Taulia, TransferTo, Venmo

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • Akamai’s New Bot Manager Offers Insight into Bot Activity.

Around the web

  • Morocco-based microfinancier, Albaraka implements core banking system and CRM from Infosys Finacle.
  • Aerospike unveils version 3.7 of its NoSQL database. Aerospike returns to FinDEVr on 29 & 30 March 2016 in New York City.
  • TransferTo forges partnership with Vodafone Group to bring real-time international money transfers to M-Pesa Mobile Money accounts.
  • LoanNow begins reporting loan repayment behavior data to TransUnion.
  • Taulia partners with supplier information management solutions company Lavante.

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: Alkami Technology, Avoka, Clover Network, Coinbase, Encap, Envestnet, eWise, ING Bank, investUP, Kasasa, Kashoo, Larky, Meniga, NICE Systems, OutsideIQ, Revolut, Strands, Uselab

On Finovate.com

  • Larky Launches at Three New Credit Unions.
  • London’s Revolut Unveils Version 2.0 of its Personal Money Cloud

Around the web

  • Fifth Third Bancorp to deploy AML solutions from NICE Systems’ Actimize.
  • PYMNTS.com interviews Kashoo Communications lead Dave Clarke on cloud accounting.
  • Baxter Credit Union ($2.4 billion) chooses ORB platform from Alkami Technology.
  • Roundup of Australia fintech startups features Avoka. See Avoka at FinovateEurope 2016 in London.
  • Encap releases version 3.1 of its mobile authentication and security platform.
  • First Data’s Clover launches Clover Go mobile POS dongle.
  • Coinbase introduces price alert push notifications on iOS and Android.
  • In 2015, Kasasa sees 45% growth in clients, now counts 779 signed community FIs.

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: Alkami Technology, BBVA, Billhighway, Chain.com, Coinbase, Corezoid, itBit, Persistent Systems, Ripple, TokBox, VATBox, Wealthfront

On Finovate.com

  • “VATBox Wins Spot in Inaugural Global MasterCard Start Path Class”
  • “Finovate Debuts: Persistent Systems Introduces Social Payments Solution, BuddyPay“

Around the web

  • Billhighway ranked number 398 fastest growing company in North America on Deloittes 2015 Technology Fast 500.
  • Inspirus Credit Union replaces its existing digital banking system with Alkami Technology’s ORB platform.
  • Corezoid–powered mobile Privat24 for Android lets users scan and digitize discount cards.
  • Let’s Talk Payments features Coinbase, Chain, Ripple, and ItBit in its roundup of top fundraising blockchain and bitcoin companies for 2015.
  • PYMNTS.com interviews Ripple CEO Chris Larsen on payment trends for 2016.
  • BBVA’s new release of BBVA Wallet enables users to redeem credit card rewards on the spot.
  • TokBox’s new developer toolkit brings voice and video chat to Apple TV apps.
  • Facebook’s CTO Mike Schroepfer joins Wealthfront’s board of directors.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, Backbase, Cachet Financial Solutions, Evo Snap*, FIS, Green Dot, Handpoint, Jack Henry, PayPal, Top Image Systems, TradeHero, Wallaby Financial

On Finovate.com

  • “Wallaby Upgrades Credit Card Optimization Solution with Spend Monitor”; come see Wallaby at FinDEVr, San Francisco, 6/7 Oct.

Around the web

  • Backbase-powered Touch Bank goes live in Russia. Check out what Backbase has for developers at FinDEVr San Francisco on 6/7 October.
  • Top Image Systems appoints Andrew Pery as new CMO.
  • Campus FCU integrates Alkami Technology’s ORB Platform into its core banking system.
  • Green Dot launches mobile cash-processing technology.
  • Security First Bank picks FIS to provide core banking system.
  • PayPal hires John Rainey, former United Airlines executive, as new CFO.
  • Fox Chase Bank to deploy SilverLake core system from Jack Henry.
  • “Cachet Introduces Express Mobile Deposit Solution for Small Financial Institutions”
  • EVO Snap* to fast track EMV migration for software vendors and retailers; partners with Handpoint.
  • Macquarie Capital Securities and TradeHero launch Warrant Hero, a virtual warrant competition, with RM100,000 in prize money to be given away.

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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Alumni News– February 20, 2015

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, Betterment, Digital Insight, Entersekt, Evo Snap*, EyeVerify, FIS, InComm, Level, Loop, MaxMyInterest, Moven, MX
  • Finovate-F-Logo.jpgInComm to offer Hip Digital access to selection of gift cards and delivery options.
  • Betterment Raises a Fresh $60 Million in Round Led by Francisco Partners.
  • FPS GOLD Partners With MX for Personal Financial Management.
  • US News features MaxMyInterest, Moven, and Level Money in a feature on money-saving and simplifying tools.
  • Alkami Technology Brings its Digital Banking Platform to Patelco Credit Union.
  • Samsung Acquisition of LoopPay Puts Apple Pay on Notice.
  • FIS earns new ISO certification.
  • TheStreet.com column on new security technologies for banks features EyeVerify and Digital Insight.
  • EVO offers processing to underserved direct response merchants.
  • Moneyweb mentions Entersekt’s role in South African-based fintech.
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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Alkami Technology Brings its Digital Banking Platform to Patelco CU

By David Penn Posted on
Categories: Alkami Technology

Alkami_logo.jpgThe last many of us had heard about Alkami Technology was its appearance as part of Gonzobanker’s five-part, all-star dream banking app:

So which vendor’s functionality would make it into my product? I would take the marketing functionality from Alkami’s ORB (Online Relationship Builder)…”
Flash forward several months later and the Alkami is making headlines with news that it is bringing its digital banking platform to Patelco Credit Union. Patella is described in Bank Innovation’s coverage of the news as a “top 30 credit union” with more than $4 billion in assets and more than 280,000 members.
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Alkami Technology develops online banking solutions for companies and institutions in the financial services industry. The company’s Online Relationship Builder will provide what Patelco CU president and CEO Erin Mendez called “a modern, sophisticated digital banking platform to achieve a unified banking experience.” The credit union will also be upgrading its mobile app and working to encourage its processors to support Apple Pay as part of the overall enhancement to its digital banking options.
Headquartered in Plano, Texas, Alkami Technology has raised more than $50 million, with its most recent fundraising bringing in more than $23 million of that amount in December. The company is an alum of Finovate Startup 2009, where Alkami Technology demoed as “iThryv.”

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Finovate Alumni News– May 30, 2014

By David Penn Posted on
Categories: ACI Worldwide, Alkami Technology, ChiaraMail, Dealstruck, Digital Insight, HelloWallet, Jwaala, LendingRobot, Q2ebanking, ThreatMetrix, Venovate
  • Finovate-F-Logo.jpgThreatMetrix wins Judges Choice for Best Overall Fraud/Security Solution at 2014 CNP Awards.
  • HelloWallet acquired by Morningstar in $52.5 million deal.
  • PandoDaily takes a look at Venovate and its platform for enabling alternative investments.
  • Gonzobanker lists five ingredients in his Franken-banking product: all Finovate alums in Q2ebanking, Digital Insight, ACI Wordwide, and Alkami Technology, and Jwaala.
  • Fast Company profiles NICE Systems in a new feature on voice biometrics.
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– July 3, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, BehavioSec, CurrencyFair, EyeVerify, Flint Mobile, Ixaris, Linkable Networks, Yodlee
  • Finovate-F-Logo.jpgSmithsonian Magazine features how BehavioSec authenticates users.
  • NECN.com features Tom Leighton, CEO of Akamai Technologies to talk about how Akamai makes the internet faster and safer for its clients.
  • Ixaris launches Ixaris Payments Server to help banks build their own corporate prepaid programs.
  • Android Police reviews EyeVerify.
  • Tasker Payment Gateways CEO touts alliance with Flint Mobile.
  • CurrencyFair featured in The Independent column on saving money when sending cash overseas.
  • Yodlee expands international reach by partnering with BlueChilli, a Sydney-based technology startup incubator.
  • Linkable Networks wins endorsement from American Bankers Association for its card-linked offer technology.
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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