Finovate Alumni News

On Finovate.com

  • Finovate Debuts: How the Kore Bots Deliver More than Your Average Chatbot
  • DriveWealth Expands APIs for Wealth Managers
  • Braintree, Finicity, and Twilio Take Top Honors at API World Awards

Around the web

  • BankBazaar wins “Emerging Brand of the Year” and “CEO of the Year” at seventh CMO Asia Awards.
  • Fintech News Switzerland highlights Currency Cloud and Zopa in a look at London’s top rising fintech stars.
  • Boku brings direct carrier billing to Windows 10 phones in the United Kingdom and Italy.
  • Markit enhances WSO software suite to offer new levels of automation for syndicated loan market.

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.

 

Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame

Fintech50_homepage_April2016

FinTechCity unveiled its new FinTech50 Hall of Fame this week at the Money 20/20 event in Copenhagen, Denmark. Finovate alums took six out of the ten spots.

The “founding ten members” of TheFinTech50 Hall of Fame are companies that “have featured on our radar since the days when they could reasonably be called startups,” say FinTech50 founders Julie Lake and Nicky Cotter, writing in The FinTech50 2016 Yearbook. “In recognition of their pioneering spirit and competitive staying power, we felt they deserved their own special place within a list of remarkable game-changers,” the founders wrote.

FinTechCity also presented The FinTech50 2016, its roster of the fifty hottest FinTech businesses in Europe. Of the 50 companies selected by the panel of more than 30 industry experts who poured over more than 1,200 candidates, a full baker’s dozen were Finovate—or FinDEVr—alums.

Read the full list.

Lake and Cotter called this year’s competition “the most hotly contested FinTech50 in its four-year history.” The founders also highlighted differences from the 2015 list, with this year’s roster featuring more companies innovating in “security, compliance, and risk.”

Also noteworthy was the number of European fintech companies from the United Kingdom (more than 30 out of the 50). The founders credited this to the U.K.’s broader access to funding, as well as the region’s local talent, and “favorable regulatory environment.” Lake and Cotter also praised other emerging European fintech communities in Amsterdam, Berlin, and Stockholm.

In addition to The FinTech50 2016 and its new Hall of Fame, FinTechCity also announced its FinTech20 India and FinTech20 Hong Kong. Finovate alums were represented here with Demystdata (FinovateAsia 2012) earning a spot in the Hong Kong 20, and Bank Bazaar (FinovateAsia 2012) getting recognition in the India 20. Lastly, The FinTech50 shared “The Hot Ten,” a roster of companies on their watch list for 2016. Here, Finovate alum, Ormsby Street (FinovateFall 2015), was recognized on that list.

Finovate Alumni News

Around the web:

  • ACI Worldwide helps deliver Domino’s secure, seamless payment experience during SuperBowl Sunday.
  • Britain’s One Financial Markets announces partnership with Swipestox to enable mobile trading. See Swipestox at FinovateEurope 2016.
  • Let’s Talk Payments features Sureify and BankBazaar in a look at insurancetech startups.
  • Wipro wins five-year, IT infrastructure transformation contract with Sweden’s ASSA ABLOY Group.
  • Trade Bank of Iraq forges strategic partnership with Misys.
  • CR2 unveils new logo, new corporate identity.
  • The Telegraph highlights Yoyo, Nutmeg, and True Potential in a column on calculating risk with facial scans.

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.

 

Finovate Alumni News

On Finovate.com:

Around the web

  • Lendio launches new commercial real estate financing division.
  • AcceptEmail announces first major reseller agreement since opening U.S. headquarters.
  • Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers.
  • TransferTo enables Xoom customers to instantly send airtime credit online from the U.S. to international prepaid mobile phones.
  • Payment Alliance International to offer CardFlight’s EMV mPOS acceptance solutions to its market-partner distribution-network and merchant customers nationwide.
  • Yodlee’s write up of fintech innovation in Europe highlights TransferWise.
  • State Bank of India partners with BankBazaar to provide an online platform to home loan borrowers to apply for SBI Home Loans.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.

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.

BankBazaar Scores $60 Million in Funding Led by Amazon

BankBazaarHomepage3

BankBazaar, an India-based company that sells financial service products on behalf of third parties, raised $60 million in Series C funding today.

The round was led by Amazon, which holds a minority stake, and marks the ecommerce giant’s second investment in BankBazaar. New investors include Fidelity Growth Partners and Mousse Partners. Existing investors Sequoia Capital and Walden International also contributed.

BankBazaar’s funding now totals $79 million, but there’s no word on a current valuation for the company.

BankBazaar has big plans for the funds. It will use the large sum to boost its technology integration, strengthen partner relationships, create an end-to-end customer experience, and expand its marketing efforts to reach a broader customer base.

The company’s technology is available to consumers on Android and iOS apps, and it currently has 23 bank partners to offer a wide portfolio of solutions to consumers.

BankBazaar demoed at FinovateAsia 2012 in Singapore.

Finovate Alumni News

On Finovate.com:

  • Bankbazaar Scores $60 Million in Funding Led by Amazon.
  • i-exceed Teams Up with Kris FinSoftware to Promote the Mobile Internet in the Philippines

Around the web:

  • Wealth Help to launch advanced PFM tool using the eWise Money Manager solution.
  • Lufthansa Industry Solutions to use Kony to enhance its mobile portfolio.
  • ayondo purchases additional insurance for clients from the Lloyd’s insurance marketplace totaling up to $728k per client.
  • ReadyForZero completely redesigns mobile app.
  • Silicon Prairie News interviews Hip Pocket’s Mark Zmarzly.
  • Banco Santander and Monitise form a $31 million joint venture that will invest in and build fintech startups.

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.

Finovate Alumni News

On Finovate.com

  • Klarna Hires former American Express Exec as New CCO
  • Knox Payments Offers Free, Premium Options and Easier API Integration
  • Finovate Debuts: A Look at Stratos’ Digital Card Issuance Platform

Around the web

  • PYMNTS.com looks at the launch of MasterCard’s MasterPass in Belgium.
  • Benzinga’s Jim Probasco interviews AlphaClone CEO Maz Jadallah on “investing like a hedge-fund billionaire.”
  • Adhil Shetty, founder and CEO of BankBazaar.com, comments on handling finances after a job loss in The Economic Times.
  • RIA Biz features BrightScope and its new plan to provide mutual fund data with the launch of Fund Pages.
  • SunGuard chooses Heckyl Technologies to provide sentiment and real-time news analysis for its MarketMap terminal.
  • A look at fintech innovation in Poland features mBank.
  • Management Today profiles Zopa CEO Giles Andrews.
  • Interxion partners with Microsoft Azure to enable users to connect directly to Microsoft Azure in the data center over a secure, high-performance private network.

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.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: PhotoPay’s BlinkOCR Recognizes Data by Context.
  • Finovate Alums Win Gold, Silver, and Bronze at PYMNTS Innovation Awards 2015.

Around the Web:

  • PYMNTS interviews DealStruck CEO & Co-founder about how the startup works with traditional banks. Come see DealStruck demo at FinovateSpring 2015.
  • BBC News features BehavioSec’s behavioral biometrics security.
  • iZettle integrates with Xero to keep business’ sales, VAT, deposits & processing fees updated with accounting.
  • Consumers Credit Union deploys online, mobile, and tablet banking solutions from Digital Insight.
  • Arxan Technologies earns finalist spot in Info Security Product Guide’s Annual 2015 Global Excellence Awards.
  • Gartner’s CRM Vendor Guide 2015 features Comarch.
  • Robb Gaynor, chief product officer for Malauzai Software, talks about plans for an Apple Watch app. See Malauzai demo its technology in San Jose at FinovateSpring 2015.
  • True Potential launches True Potential One to help investors consolidate and simplify their finances.
  • The Economic Times feature on mobile banking quotes BankBazaar.com CEO Adhil Shetty.
  • Dealstruck appoints Ryan Campbell as Vice President of Sales.
  • Quantopian-supported research to be published in Stocks & Commodities magazine.
  • Oink featured on NBC 24 Today’s Money Monday program

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.

Alumni News– January 23, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInternet Retailer looks at the relationship between product reviews and revenue courtesy of a new report from Baazarvoice.
  • Xero highlighted as “our best purchase of 2014” by Business Betties.
  • MakeMoneyYourWay profiles EZBOB and its new business loan promotion, the New Year’s Revolution.
  • Zee News’ Money Guru interviews Abhishek Dwivedi, vice president operations at BankBazaar.com.
  • Liverpool Echo features Toshl Finance in its list of must-have apps for busy moms.
  • Investopedia’s guide to choosing roboadvisors spotlights nine Finovate alums: Betterment, FutureAdvisor, JemstepLearnVest, Motif Investing, Personal Capital, SigFig, TradeKing, and Wealthfront.
  • Benzinga Fintech Awards publishes its video interview with Gary Zimmerman, CEO of MaxMyInterest.
  • American Banker covers OnDeck’s small business loan marketplace for institutional investors.
  • Pymnts interviews René Lacerte, CEO and Founder of Bill.com about how to simplify B2B payments.
  • Mifos welcomes new partners: SkooliLabs and iSystems
  • Google Cloud Platform releases beta of Google Container Registry for secure hosting, sharing, and management of private container repositories.
  • BlueVine Grabs $18.5 Million to Increase Small-Business Lending.
  • Encap Security CEO Thomas Bostrom Jorgensen asks if biometrics provide a “false sense of security” in a column for Bob’s Guide.
  • Akimbo Financial acquired by Payment Data Systems.
  • Kreditech Secures $200 Million Line of Credit.
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.

Alumni News– December 5, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGreater Fort Wayne Business Weekly takes a look at Allied Payment Network and PicturePay.
  • Capital Resorts announces collaboration with Access Development.
  • Bank of Georgia buys Georgian arm of Ukranian-based PrivatBank for $51 million USD.
  • Live Mint features BankBazaar in a column on financial product aggregators.
  • Huffington Post interviews Lisa Pearson, CMO of Bazaarvoice.
  • Dwolla releases new apps for Android, iOS, and Windows.
  • Finovate Debuts: SAS Games Helps Kids Save for College by Playing Games.
  • ThreatMetrix Protected 10 of the Top 20 Online Retailers Against Fraud During Cyber Week.
  • Segmint partners with fan and consumer engagement software company, Phizzle, to deliver 1-to-1 engagements.
  • Credit Karma transitions to the VantageScore 3.0 Score provided by TransUnion.
  • Muthoot Finance picks FIS for ATM managed services, video surveillance, and network connectivity and switching.
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.