Backbase

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Auvenir, Backbase, CAN Capital, CRMNEXT, Fiserv, INETCO Systems, Mitek, NIIT Technologies, NuData Security, Plaid, Qumram, Tactile Finance, ThreatMetrix, wipro, Zooz

On Finovate.com

  • “Zooz Raises $24 Million in its Largest Funding”
  • “Fiserv and INETCO Team Up to Enhance ATM Management”

On FinDEVr.com

  • “What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner”

Around the web

  • U.K.’s oldest bank, C. Hoare & Co, goes digital with Backbase.
  • “Crowdfund Insider: CAN Capital Forms Agreement with Entrepreneur to Provide SME Loans”
  • Huffington Post names Tactile Finance on its list of 15 women-led startups to watch in 2016.
  • Qumram opens offices in London and San Francisco. See Qumram at FinovateSpring in San Jose next week.
  • Core banking solutions from Wipro to power Paytm’s new payments bank.

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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Check Out Who Took Home Top Honors at Last Night’s European Fintech Awards

Check Out Who Took Home Top Honors at Last Night’s European Fintech Awards
By Julie Muhn (@julieschicktanz) Posted on
Categories: Advanced Merchant Payments, AdviceGames, Aire, Azimo, Backbase, BehavioSec, Cloud Lending, ebankIT, eToro, ETRONIKA, eWise, Fenergo, Holvi, Idea Bank, InvoiceSharing, Kantox, Klarna, Kontomatik, Kreditech, Mambu, mBank, Meniga, Nutmeg, Qumram, Scalable Capital, Smart Engine, TransferWise, Trustly, Xpenditure, Zopa
GroupPhoto(Photo credit: http://www.fintech.nl/)

Last night in Amsterdam the 2016 European Fintech Awards celebrated innovators shaping the future of finance. A total of nine awards were presented to companies selected by a panel of judges for the quality of their pitch.

Four of the winners are Finovate and FinDEVr alums, including BehavioSec, who won the overall award of Best European Fintech Company of 2016:

BehavioSec
Category: Risk, Intelligence, and Security
HQ: Stockholm, Sweden
Founded: 2009
FinovateFall 2015 demo
FinDEVr San Francisco 2015 presentation

Backbase
Category: Innovative Banking Software
HQ: The Netherlands
Founded: 2003
FinovateEurope 2016 demo

Kreditech
Category: Financial Inclusion
HQ: Hamburg, Germany
Founded: 2012
FinovateSpring 2014 demo

Xpenditure
Category: Best of Show, selected for the best pitch
HQ: Mechelen, Belgium
Founded: 2011
FinovateEurope 2016 demo

A total of 29 Finovate and FinDEVr alums were recognized in the European Fintech Top 100 list. Companies awarded on this list were selected by a combination of online public votes (weighted 25%) and a panel of judges (weighted 75%).

  • AdviceGames
  • Kantox
  • Aire.io
  • Klarna
  • AMP Credit Technologies
  • Kontomatik
  • Azimo
  • Kreditech
  • Backbase
  • Mambu
  • BehavioSec
  • mBank
  • Cloud Lending Solutions
  • Meniga
  • ebankIT
  • Nutmeg
  • eToro
  • Qumram
  • ETRONIKA
  • Scalable Capital
  • eWise
  • SmartEngine
  • Fenergo
  • TransferWise
  • Holvi
  • Trustly
  • IdeaBank
  • Zopa
  • InvoiceSharing

The European Fintech Awards are organized by Amsterdam-based publishing company Alex van Groningen BV. The company offers a great explanation of the awards: “The purpose of the FinTech awards is not to scientifically prove who are the best FinTech companies. The judging is primarily based on the judges’ individual ideas and views on the nominating companies using their expertise, knowledge and ideas.”

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Finovate Alumni News

By David Penn Posted on
Categories: Backbase, Blend, CUneXus, ebankIT, EquityZen, Featurespace, FICO, Fiserv, INETCO Systems, PayPal, Signifyd, Temenos, Top Image Systems

On Finovate.com

  • Where are they now? A look at FinovateSpring 2015 Best of Show Winner Successes.
  • “PayPal Marks U.K. Rollout of PayPal Credit with Interest-Free Financing”

On FinDEVr.com

  • “FICO Launches Score Simulator, Adds New CIO Claus Moldt”

Around the web

  • ebankIT shares top honors with Kerv at Temenos Innovation Jam.
  • Top Image Systems inks $115,000 accounts-payable deal with unnamed U.S. technology company.
  • Xceed FCU transitions to Fiserv-hosted DNA account-processing platform.
  • INETCO powers BECU’s omnichannel monitoring and analytics solutions that won the Celent Model Bank Award in the omnichannel category.
  • Red Herring Europe names Featurespace a Top 100 company.
  • Backbase powers Altyn-i, a new digital bank in Kazakhstan.
  • “Signifyd Launches Fraud Protection App for Magento 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.

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Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth

Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth
By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase

BackbaseHomepage

Digital banking platform provider Backbase released a report today highlighting its 2015 growth:

  • Large financial institution clients: 60+
  • End customers: 70+ million
  • Languages available: 12
  • Countries served: 25
  • YoY revenue growth: 35%

Backbase, which has a client retention rate of 98%, added a number of major clients in 2015 including:

  • Chase Bank
  • Doha Bank
  • First Data
  • Goldman Sachs
  • KeyBank
  • Metro Bank
  • Silicon Valley Bank
  • Sparebanken Sogn og Fjordane
  • Westpac

Last year the company opened a new office in Atlanta and grew its employee base by 62% from 225 to 365.

At FinovateEurope 2015, Backbase launched an addition to its Customer Experience Platform (CXP) called Omni-Channel Journey Manager, a tool that offers insight into the customer journey and enables banks to fix inconsistencies.

BackbaseJourneyMgr

Backbase cites 2015 as its most successful year so far, and has big ideas for 2016. The company plans to debut version 6 of its CXP in the first quarter and will showcase its newest offering at FinovateEurope 2016 next month in London. Tickets for the conference are available at a discounted price through January 8; register soon.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, Billhighway, Cachet Financial Solutions, Check Point, FundAmerica, GMC Software Technology, InComm, LoanNow, Roostify, Soundpays

On Finovate.com

  • “Soundpays Appoints Steve Doswell as CEO”
  • “Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth”
  • “FundAmerica Shares Growth Metrics, Plans for 2016″
  • “LoanNow Secures $50 Million Credit Facility”

Around the web

  • Billhighway awarded National Best and Brightest Company to Work For for fourth year in a row.
  • CloudLock and Check Point Partner to attack hybrid cloud shadow IT and malware through detection, quarantine, and eradication.
  • InComm acquires TibiDono, Austria-based marketing and gift-card-distribution company.
  • Cachet Financial Solutions to power RDC solutions for Illinois-based Algonquin State Bank.
  • Roostify appoints Iyad Darcazallie CFO and COO, names Scott Stein VP of sales.
  • GMC Software named leader in Gartner Magic Quadrant for Customer Communications Management Software for third consecutive year.

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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Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth

Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth
By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase

BackbaseHomepage

Digital banking platform provider Backbase released a report today highlighting its 2015 growth:

  • Large financial institution clients: 60+
  • End customers: 70+ million
  • Languages available: 12
  • Countries served: 25
  • YoY revenue growth: 35%

Backbase, which has a client retention rate of 98%, added a number of major clients in 2015 including:

  • Chase Bank
  • Doha Bank
  • First Data
  • Goldman Sachs
  • KeyBank
  • Metro Bank
  • Silicon Valley Bank
  • Sparebanken Sogn og Fjordane
  • Westpac

The company last year opened a new office in Atlanta and grew its employee base by 62% from 225 to 365.

At FinovateEurope 2015, Backbase launched an addition to its Customer Experience Platform (CXP) called Omnichannel Journey Manager, a tool that offers insight into the customer journey and enables banks to fix inconsistencies.BackbaseJourneyMgr

Backbase cites 2015 as its most successful year so far, and has big ideas for 2016. The company plans to debut version 6 of its CXP in the first quarter and will showcase its newest offering at FinovateEurope 2016 next month in London. Tickets for the conference are available at a discounted price through 8 January, so register soon.

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Finovate Alumni News

By David Penn Posted on
Categories: Alpha Payments Cloud, Backbase, FundAmerica, Hyperwallet, PayPal, Soundpays, Top Image Systems, Venmo, WePay, wipro

Around the web

  • Wipro appoints Abidali Neemuchwala, CEO and member of the board, and names TK Kurien as executive VP.
  • Top Image Systems announces quarter-million-dollar eFLOW5 upgrade project of Hong Kong subsidiary of a top-ten Chinese bank.
  • Let’s Talk Payments interviews Peter Burridge, Hyperwallet CRO and president.
  • PYMNTS interviews WePay’s Global Vice President of Sales and Success Kurt Bilafer about customer intimacy in online commerce.
  • Fortune: How Venmo plans to make money.
  • PayPal and Aramex partner to create www.ishoptheworld.com, a one-stop cross-border marketplace.

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 David Penn Posted on
Categories: Backbase, BankersLab, Credit Karma, Holvi, MoneyStream, Motif Investing, Nostrum Group, Personal Capital, Stratos, Vantiv, Zopa

On Finovate.com

  • “2015: A Year in Finovate Alumni Mergers and Acquisitions”

Around the web

  • TechTarget interviews Vantiv CSO Kim Jones on “creating a culture of security.”
  • Moneystream announces plans to close its doors in February 2016.
  • Nostrum Group earns a spot in Deloitte 2015 Technology Fast 500 for the EMEA region.
  • Zopa CEO Jaidev Janardana explains why 2016 will be the year P2P lending hits the mainstream.
  • Holvi is featured in this look at the top 10 startups in Finland.
  • TopFunded interviews BankersLab CEO Michelle Katics. See BankersLab at FinovateEurope 2016 in London in February 2016.
  • Credit Karma wins a spot on Fast Company’s 2015 Silicon Valley “Nice” list.
  • Emerging Prairie looks at how a local RIA is integrating Motif Investing into his business.
  • SwipeStox launches new features. Check out SwipeStox at FinovateEurope 2016.
  • Personal Capital Debuts First eBook: A Better Financial Life.
  • Backbase awarded accolades in Gartner report, Critical Capabilities for Horizontal Portals. Backbase will demo at FinovateEurope 2016.

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: Backbase, BizEquity, Doxo, Forte Payment Systems, Insuritas, Internet Biometric Security System, Internet Biometric Security Systems, Lending Club, Linkable Networks

On Finovate.com

  • “IBSSMail from IBSS Brings Multifactor, Biometric Authentication to Email”

Around the web

  • Hudson River Financial FCU ($51 million assets) hires Insuritas to launch insurance agency.
  • BizEquity partners with Entrepreneur to create a new valuation and performance center for its business community.
  • Intech Worldwide and Forte Payment Systems form partnership.
  • Linkable Networks launches a fully digital shopper-attribution solution to bridge digital and in-store.
  • Dutch Prime Minister Mark Rutte opens new Backbase U.S. headquarters in Atlanta, Georgia.
  • Lending Club CEO Renaud Laplanche named to Bloomberg Markets 50 Most Influential list.
  • doxo wins 2015 Washington Excellence Award for Consumer Payments and Customer Service.

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: Auvenir, Avoka, Backbase, Betterment, BizEquity, Eco-Mail, Fiserv, Nostrum Group, Novabase, Ormsby Street, Payoneer, Wealthfront, Yseop, ZipZap, Zopa

On Finovate.com

  • “Last Call! FinovateFall Tickets Going … Going … “
  • “FinovateFall 2015: Mapping Fintech’s International Neighborhood”

Around the web

  • The Forrester Wave: Omnichannel Banking Solutions report recognizes Backbase as leader.
  • BizEquity signs contract with Security Mutual Life Insurance Company of New York.
  • North American retailer Newegg chooses Payoneer to simplify its cross-border payments.
  • Zopa and Nostrum Group earn spots on The Sunday Times Tech Track 100 roster.
  • Philippine bitcoin-remittance service Rebit teams up with mobile money-transfer specialist, ZipZap.
  • Let’s Talk Payments looks at Wealthfront and Betterment in a discussion on the effectiveness of robo-advisers.

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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FinDEVr Preview: Backbase

FinDEVr Preview: Backbase
By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, FinDEVr 2015, FinDEVr 2015 Preview

FinDEVr2015LogoV2DateFinDEVr Previews highlight the companies that will present their latest developer tools, platforms, and integrations at FinDEVr 2015 San Francisco on 6/7 October. Pick up your ticket before Friday, 11 September and save $100 on an early-bird ticket!

Backbase will be talking about its Digital Banking Platform and its Open Banking Marketplace. Fueled by a strong open-API strategy, Backbase’s platform gives FIs the ultimate freedom and flexibility to work with any core or third-party vendor to create a best-of-breed digital banking offering for clients.

BackbaseHomepage

Why it’s a must-see

For banks: Get an open platform that is truly able to deliver a superior customer experience while providing the FI full control to manage and maintain. There’s no vendor lock-in.

For fintech companies: The option to work with many banks via the Open Banking Marketplace and making their services available within a robust platform.

Check out more of today’s FinDEVr previews:

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Finovate Alumni News

By David Penn Posted on
Categories: Advisor Software, Backbase, Deluxe, Forte Payment Systems, Hip Pocket, iSignthis, Kofax, Matchi, Praesidio, ScriptRock, TickSmith, Token, Trunomi, Xignite, Zopa

On Finovate.com

  • “Trunomi Raises $3 Million to Solve KYC Challenges”
  • Finovate Debuts: “Hip Pocket Generates Qualified Mortgage Leads While Boosting Engagement”

Around the web

  • Financial Times quotes Giles Andrews, Zopa executive chairman, in discussion on P2P providers and fee transparency.
  • Let’s Talk Payments talks with Stephane Dubois, CEO and founder of Xignite, on the importance of APIs in fintech. See Xignite at FinDEVr 2015 in San Francisco in October.
  • iSignthis to provide KYC services to Crownbet Pty starting in 2016.
  • TickSmith’s TickVault earns certification on Cloudera Enterprise.
  • KPMG and Matchi form alliance to enhance access to financial service innovation.

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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