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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Digital asset infrastructure platform AlphaPoint announced a partnership with Coincover.
A blockchain protection firm, Coincover will provide enhanced security for AlphaPoint customers.
AlphaPoint made its Finovate debut at FinovateEurope in 2015 and returned to the Finovate stage two years later for FinovateFall.
AlphaPoint, a digital asset infrastructure platform, has turned to blockchain protection firm Coincover to provide its customers with enhanced security. Courtesy of the partnership, AlphaPoint customers will be able to access Coincover’s Asset Protection solution which helps mitigate a variety of security threats including hacking, human error, and scams.
Coincover secures its clients against hacking and theft by proactively screening and protecting transactions. The company’s crypto threat intelligence and machine learning models continuously monitor activity across millions of digital wallets and transactions, flagging potentially malicious behavior. Coincover’s technology delivers proactive alerts that enable users to take action when abnormal patterns are spotted. The company has more than 300 partners worldwide, protects five million crypto wallets, and has checked $30 billion in transactions. David Janczewski is co-founder and CEO.
“By collaborating with Coincover, a top innovator in asset protection, we’re providing our customers with leading-edge insurance to safeguard their assets,” AlphaPoint CEO and co-founder Igor Telyatnikov said. “This partnership demonstrates our commitment to delivering complete peace of mind through institutional-grade security and infrastructure.”
AlphaPoint made its Finovate debut at FinovateEurope in 2015. The company returned to the Finovate stage two years later for FinovateFall in New York. In the years since then, AlphaPoint has grown into leading digital asset infrastructure company with more than 150 customers in 35 countries. The company’s platform supports more than 10 million registered accounts, more than one trillion in trading volume, and billions in assets. AlphaPoint counts CME Group and XP Securites among its clients. El Salvador chose AlphaPoint to operate its Chivo Bitcoin wallet in 2022 as part of the country’s experiment in mass bitcoin adoption.
Earlier this month, AlphaPoint launched AlphaPoint Labs. The new entity provides advisory, development, and implementation services for FIs, exchanges, and businesses seeking to integrate digital assets and blockchain technology. This spring, the company forged a new partnership with cryptoasset risk management company Elliptic. Over the summer, AlphaPoint teamed up with verification platform Sumsub.
AlphaPoint is headquartered in New York. The company has raised more than $23 million in funding.
With bitcoin and cryptocurrencies enjoying renewed interest, it’s worth noting that many fintech fans encountered their first bitcoin-related businesses through Finovate conferences.
Here’s a look at some of the companies that have brought their bitcoin and crypto-powered innovations to the Finovate stage.
OpenCoin – FinovateSpring 2013 – The company now well-known as Ripple was introduced to Finovate audiences back in 2013. At FinovateSpring that year, Chris Larsen – CEO of a startup called OpenCoin – introduced its virtual currency and distributed open source payment network. Founded in 2012 and headquartered in San Francisco, California, Ripple currently has more than 300 financial institutions who leverage its RippleNet blockchain network to power real-time payments.
KlickEx – FinovateAsia 2013 – New Zealand-based KlickEx unveiled its asset-backed and algorithmic cryptocurrency for institutional and retail users at FinovateAsia in 2013. The company, founded in 2009, recently announced a partnership with the National Reserve Bank of Tonga to launch a new national payment system.
Coinbase – FinovateSpring 2014 – Among the bigger names in bitcoin and cryptocurrency to have demonstrated their technology at Finovate conferences is San Francisco, California-based Coinbase. Debuting at Finovate with its Instant Exchange in 2014, Coinbase has grown into one of the biggest players in the cryptocurrency market with more than 35 million verified users and more than $320 billion in total volume traded on its platform.
AlphaPoint – FinovateEurope 2015 – With more than $350 million in monthly trading volume and 20 digital currency exchanges operating in 15 countries, AlphaPoint is a leading fintech exchange platform provider for digital currencies. The company demoed version two of its digital currency exchange platform at FinovateEurope in 2015.
CoinJar – FinovateEurope 2015 – Australia’s largest and longest-operating bitcoin company, CoinJar demonstrated its platform at FinovateEurope 2015. The Best of Show-winning firm was the first in its market to offer a bitcoin debit card that enabled cardholders to use the cryptocurrency for everyday purchases.
Bitbond – FinovateEurope 2015 – Berlin, Germany’s Bitbond offers a global P2P bitcoin lending platform that enables anyone with an Internet connection to both get loans as well as invest their savings for interest. The company demonstrated its AutoInvest functionality, which facilitates and automates fund allocation in a portfolio, at FinovateEurope 2015.
itBit – FinovateSpring 2015 – New York-based itBit demonstrated its bitcoin trading platform at FinovateSpring in 2015. The company’s technology enables both institutional and retail investors to buy and sell bitcoin. Rebranded as Paxos in the fall of 2016, the company has since highlighted its work in private blockchains and distributed ledger technology.
Blockstack.io – FinovateFall 2015 – Best of Show winning Blockstack.io offers a hosted and licensed enterprise blockchain platform that enables financial services companies and others to build applications on their own private blockchain. The San Francisco, California-based company, founded in 2015, was acquired by Digital Asset Holdings for an undisclosed sum before the end of the year.
ArcBit – FinovateFall 2015 – With a pledge to leverage bitcoin and blockchain technology to bring banking to the underbanked, ArcBit, which made its Finovate debut at FinovateFall in 2015, offers a mobile wallet specifically designed to give bitcoin owners full control over their cryptoholdings.
Coinalytics – FinDEVr San Francisco 2015 – Our developers conference, FinDEVr is one way that many bitcoin and crytocurrency innovators were able to bring their innovations to the public. Coinanalytics, which offers an end-to-end intelligence platform for the bitcoin industry, is an example of the kind of company developing solutions to make bitcoin a better opportunity for payments, financial services, and IoT.
BlockCypher – FinDEVr Silicon Valley 2015 – Another alum of our developer’s conference, BlockCypher offers companies a cloud-optimized, enterprise-grade blockchain platform that enables them to build reliable blockchain apps. Headquartered in Redwood City, California, the company was founded in 2014.
Gem – FinDEVr Silicon Valley 2015 – Founded in 2014 and based in Venice, California, Gem demonstrated its API which provides a comprehensive security solution for bitcoin apps – without taking control over funds. With a few lines of code, Gem enables developers to provide an interface to their bitcoin apps that gives users better funding options.
Ledger – FinovateEurope 2016 – Headquartered in Paris, France and founded in 2015, Ledger designs trusted hardware solutions for bitcoin and blockchain apps. The company’s solutions, including the Nano X and Nano S, provide cryptocurrency owners with a secure, portable way to take and manage their digital assets wherever they are.
Stratumn – FinDEVr New York 2016 – Enterprise blockchain technology company Stratumn provides firms with the infrastructure and tools they need to to build, deploy, and run blockchain. The company presented the high performance, proof-of-existence engine of its development platform at our developer’s conference in 2016. Jerome Lefebvre took over as CEO of the company from co-founder Richard Caetano in the fall of 2019.
Plutus.it – FinovateEurope 2018 – London-based Plutus demonstrated its Tap & Pay and Debit Card solutions that enable consumers to pay with bitcoin or Ethereum at any contactless point of sale. Founded in 2016, the company currently supports more than 26,000 Plutus accounts and credits its users for acquiring more than $100,000 in rewards via its Pluton Rewards program.
Amber Labs – Finovate MiddleEast 2019 – Best of Show winner Amber Labs is a bitcoin exchange, wallet, and micro-investment app in one. Headquartered in Brisbane, Queensland, Australia, and founded in 2017, Amber Labs offers a mobile first, automated investment platform for retail customers looking to buy and sell bitcoin.
Digital asset exchange platform AlphaPoint has raised $5.6 million in funding. The news follows the company’s last round in 2018 when it pulled in $15 million. Today’s investment brings AlphaPoint’s total funding to $23.9 million.
AlphaPoint will use the cash to further develop its white label exchange and brokerage platform. The New York-based company will also work to create “sophisticated exchange features” such as margin trading, integrated advanced brokerage capabilities, and premium liquidity solutions.
“This capital injection enables AlphaPoint to continue delivering on our mission to enable access to digital assets globally. We are still in the early days of adoption and utilization of blockchain technology” said AlphaPoint CEO and Cofounder Igor Telyatnikov. “Stay tuned in 2020 as we will soon announce the release of a series of new liquidity, leverage, and lending products and solutions to our customers.”
AlphaPoint has also appointed two new members to its Board of Directors, Tim Scheve, President and CEO of Janney Montgomery Scott, and Jan Mayle, CEO and Founder of The Mayle Group. “The blockchain industry is evolving quickly and AlphaPoint is well positioned to help financial institutions cross the chasm and participate in the digital asset ecosystem,” said Mayle. “I look forward to lending my capital markets experience and helping AlphaPoint in its next chapter of growth.”
Founded in 2013, AlphaPoint powers digital asset exchange networks for companies across the globe. The company also maintains the AlphaPoint Distributed Ledger Platform (ADLP), which interoperates with more than 20 ledger technologies to digitize financial instruments, create trading venues, and reduce operational overhead. AlphaPoint is headquartered in New York with offices in Philadelphia, San Francisco, and North Carolina.
Tradeshiftintegrates with fraud protection specialist SiS-id to reduce payments fraud.
XerolaunchesPay with TransferWise, a new domestic bill payment solution to help U.K. customers pay and manage bills.
Pendo Systemsteams with WSN to help customers navigate digital transformation.
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.
Fenergoenters the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I).
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.
Identitii is now a ‘Co-Sell Ready’ partner for Microsoft.
Feedzailaunches tools to help banks offer account opening solutions with fraud prevention.
Bankingblocks leveragesFive Degrees’Matrix solution as its digital core banking platform.
Eurobank Group selectsTemenos‘ T24 Transact for its subsidiaries.
InsuritasLaunches Tucson Federal Insurance Agency for Tucson FCU.
Former Mastercard executive David Yates joinsYoyo as chairman.
AlphaPointnames co-founder Igor Telyatnikov as its new CEO.
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.
Equity crowdfunding portal Fundopolis will partner with asset tokenization and digital asset trading technology provider AlphaPoint to support its tokenization initiative. The company will use AlphaPoint’s technology to facilitate the issuance of equity crowdfunding perks, as well as make it easier for fundraising customers to interact with investors.
“Small businesses have been priced out of traditional capital markets due to their prohibitive upfront costs, listing fees, compliance costs, complex terms, and the list goes on,” Fundopolis Chief Strategy Officer Ben DiScipio said. “AlphaPoint’s cloud-based blockchain technology helps us as we work to change the game for small businesses by providing them (with) an opportunity to reach funding goals with less costs and fewer headaches than traditional capital markets.”
Greater transparency is also the gift that blockchain technology keeps on giving. Together, AlphaPoint and Fundopolis will be able to provide investors and issuers with updates during the entire fundraising lifecycle, letting them know when they will receive perks or pay-out once the fundraise is complete.
AlphaPoint CEO Igor Telyatnikov underscored this point. “By building Fundopolis’ portal on AlphaPoint’s powerful blockchain technology,” he said, “this new crowdfunding approach will provide investors and companies alike (with) the peace of mind that investments are secure, transparent, and verifiable.”
AlphaPoint was founded in 2013 and is headquartered in New York City. The company demonstrated its AlphaPoint Distributed Ledger Platform (ADLP) at FinovateFall 2017. The proprietary blockchain platform enables users to digitize, trade, and manage any asset, and is currently powering digital asset networks on five continents. Designed to optimize for high data throughput and low system latency, the technology helps financial institutions access new sources of capital while keeping operational costs low.
Recent headlines for AlphaPoint include the company winning a spot in the inaugural cohort of cross-border regulatory sandbox, Global Financial Innovation Network (GFIN), earlier this month. In March, AlphaPoint announced that it had enhanced its technology stock to service security token issuance and exchange customers.
With $17.6 million in funding, AlphaPoint includes Galaxy Digital LP, Blockchain Capital, Ben Franklin Technology Partners of Southeastern Pennsylvania, and Robin Hood Ventures among its investors.
KlarnaBrings its Alt Payment Options to Brick and Mortar Retail Shoppers.
Around the web
Kony and Micronotesteam up to bring Micronotes’ personalized conversation solution to banks using Kony DBX.
SecureKey’sVerified.Me identity verification solution is now available for consumers of CIBC, Desjardins, RBC, Scotiabank and TD across Canada.
Fenergoworking with Bahrain’s Electronic Network for Financial Transactions to design and implement a KYC solution that incorporates blockchain technology.
NIIT Technologies’AdvantageGolaunchesUnderwriting, a solution that consolidates and provides all underwriting functions into a single platform.
GreatHornawarded U.S. patent for new email impersonation detection method.
Onfido, Alphapointearn spots in the inaugural cohort of cross-border regulatory sandbox, Global Financial Innovation Network (GFIN).
Envestnetunveils new suite of analytical tools for financial advisors, Envestnet Advisor Analytics.
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.
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.
Kineticaunveils its active analytics platform that makes it easier to deliver smart analytics applications at scale.
Forbes interviews co-founder and CEO of Onfido, Husayn Kassai.
Tinkoff Mobile, a subsidiary of Tinkoff Bank, announces service in six new regions.
DocuSignlaunches its DocuSign Agreement Cloud to help companies better manage business agreements digitally.
Capsilonannounces the beta launch of its digital underwriter solution.
AlphaPointadds DiamondBack stablecoin to its crypto exchange.
Sri Lanka’s Bank of Ceylon goes live with Clari5 Anti-Money Laundering (AML) Solution to address money laundering threats.
PYMNTS: Amazon and Worldpayteam up on one-click commerce.
NetGuardians‘ AI fraud-prevention software available on Microsoft Azure.
TurnKey Lendersigns partnership agreement with Refinitiv.
MX and Personeticspartner to bring AI-driven insights to financial institution customers.
ICBA and Jack Henry’s ProfitStars expand preferred service provider program with remote deposit capture solutions.
Insuritas and Oregon Mutual announce partnership to offer auto and home insurance solutions through meta-agency platform.
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.
eToroadds decentralized payments network, ZCash, to its product suite.
IBMannounces $250 million partnership with the Bank of the Philippine Islands.
Ping Identityannounces significant updates to its PingIntelligence for APIs cybersecurity solution.
OutSystemsreports record revenue in 2018, as well as adding hundreds of new customers and nearly 60,000 new developers.
Privakeyunveils the latest version of its Privakey CX solution.
AlphaPointhires former R3 chief sales officer Scott Grayson as its new SVP and head of enterprise sales.
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.
Lincoln Financial Group unveils new partnership with eMoney Advisor.
Sezzlehires former Target, TD Bank executive Jamie Kirkpatrick as its new Chief Risk Officer.
Averon co-founder and COO Lea Tarnowski earns finalist spot in Banking Technology Awards’ Women in Technology Leadership category.
Coinbaseintroduces instant PayPal withdrawals for U.S. customers.
Ripple and UAE Exchange team up to launch blockchain-powered cross-border remittance payment services in Asia in early 2019.
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.
