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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

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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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Finovate Alumni News

By David Penn Posted on
Categories: 3E Software, Avoka, Backbase, Bluefin Payment Systems, Cardlytics, CrowdFlower, Dwolla, FIS, Kabbage, Lending Club, Prosper, Tradeshift, Tyfone, WePay

On Finovate.com

  • “FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday“
  • “Finovate Debuts: 3E Software’s Teslar is a Toolbox for Credit Management”
  • “New Investment in Tyfone Takes Total Capital to $12 Million”

Around the web

  • FIS to purchase SunGard for $9.1 billion.
  • Lending Club launches its Open Integration program, unveiling a suite of APIs for online advisers and broker-dealers.
  • In Gartner’s latest report, Backbase scores twice in the top 5 for the B2C Informational and B2C Transactional use cases.
  • Bluefin Payment Systems partners with EchoSat to protect point-of-sale systems from security breaches.
  • Inc. ranks Kabbage as 36, WePay as 62, Prosper as 86, and Cardlytics as 88 in a list of the 5,000 fastest-growing private companies in America.
  • Column in Stars and Stripes highlights CrowdFlower in discussion on micro-work.
  • TradeShift to acquire Merchantry for $30 million.
  • Dwolla adds two-factor authentication for full account holders.

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 APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, BehavioSec, Evo Snap*, FinDEVr APIntelligence, InComm, On Deck Capital, PayNearMe, PayPal, PayStand, Personal Capital, SimplyTapp, Tradier, Wallaby Financial, Yodlee

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, 6/7 Oct, in San Francisco.

Industry news

  • Expensify launches new fintech investment fund.
  • Yodlee hosts webinar on how to build financial apps to meet evolving customer expectations.
  • The Full FinDEVr: “A Look at the Final Line-up for FinDEVr 2015 San Francisco”

The latest from upcoming FinDEVr 2015 presenters

  • Wallaby Upgrades Credit Card Optimization Solution with Spend Monitor.
  • Backbase-powered Touch Bank goes live in Russia.
  • PayPal hires new CFO John Rainey, a former United Airlines executive.
  • EVO Snap* to fast track EMV migration for software vendors and retailers; partners with Handpoint.
  • NerdWallet looks at Personal Capital in feature on how automation is disrupting investing.
  • BehavioSec mentioned as one “wild invention of the future” that the Pentagon is behind.
  • OnDeck rolls out mobile app for account management on-the-go.
  • PYMNTS looks at how PayPal’s Paydiant is powering Subway’s mobile payments app.

Alumni updates

  • Market Visual integrates with Tradier’s API to enable investors to manage stock portfolios and trade on a single platform.
  • Tradier announces 75+ investor platforms and advisers now integrate with its API.
  • Let’s Talk Payments interviews CEO Jeremy Almond of PayStand.
  • In its latest podcast, Payments Views talks with Doug Yeager, HCE inventor and CEO of SimplyTapp.
  • Mobile Payments Today looks at InComm’s drive to bring open-loop prepaid to mobile wallets.
  • PayNearMe partners with The California Department of Child Support Services to offer a new payment option for cash-paying customers.

Stay current on daily developments by following FinDEVr on Twitter.

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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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