Finovate Alumni News

On Finovate.com

  • Braintri Drives Insurtech Innovation in Europe.
  • Plaid Acquires Quovo in $200 Million Deal.

Around the web

  • Salt Edge joins Temenos Marketplace as the community’s first data aggregator.
  • BBVA leads $12 million Series A round for payments startup Grabango.
  • Cardlytics CEO Scott Grimes appointed board chair of FinTech Atlanta.
  • FICO awarded five new patents for fraud, AI, and advanced analytics technologies.
  • PYMNTS.com interviews Ondot CEO Bharghavan Vaduvur.
  • Akamai Technologies reveals plans to acquire customer identity access management firm, Janrain.

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.

BBVA Brings on Onur Genç as New CEO

BBVA appointed a new CEO this week, hiring Onur Genç (pictured below) to take the place of Carlos Torres Vila who served as BBVA Group CEO since May of 2015. Torres Vila’s tenure at BBVA extends back 10 years, beginning in 2008 when he first worked as the Group’s head of strategy and corporate development. He will transition as BBVA’s Chairman after stepping down from his role as CEO.

Genç will be coming to the company from Birmingham, Alabama-based BBVA Compass where he was CEO and U.S. country manager. He will begin his new role on December 31, 2018.

“Onur has had an extremely positive impact in our operations in the U.S. and in Turkey, and now that contribution will be extended to the whole Group,” Torres Vila said. “The Board has selected Onur as he is the ideal CEO to continue pushing forward our strategy and boosting our transformation throughout all our franchises, generating value for all our stakeholders: shareholders, employees, customers and the overall society.”

Previous to his role at BBVA Compass, Genç worked for Garanti Payment Systems for six years– first as EVP of retail banking and then as deputy CEO.

BBVA demoed its market sentiment analysis tool at Finovate Europe 2013 in London and presented its initial APIs to an audience of developers at FinDEVr Silicon Valley 2016. Earlier this month, the bank launched a new venture called Upturn that aims to simplify the credit report error dispute process.

Finovate Alumni News

On Finovate.com

  • BlackRock to Acquire Equity Stake in Envestnet.
  • BBVA Brings on Onur Genç as New CEO.

Around the web

  • Check Point Software integrates with New Amazon Web Services Security Hub.
  • Revolut to launch in Singapore and Japan.
  • Payfone to extend Anti-SIM Swap fraud technology to 35 markets in 2019.
  • Mambu now powering Lendico Switzerland.
  • Dan Madden to join Ellie Mae as Executive Vice President and Chief Financial Officer.

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

  • Entrust Datacard Sees Fruit from NASA’s Jet Propulsion Laboratory.

Around the web

  • Taulia releases a record-breaking $6 billion in early payments for suppliers in the second quarter – up from $4.5 billion in the previous quarter.
  • BBVA enhances security by enabling customers to manage security levels on their smartphones from a single point in the app.
  • InComm launches Google Play gift cards in Thailand as it celebrates its 10th anniversary in the Asia-Pacific region.

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

  • ACH Alert Reports Record Growth, Stops More than $388 Million in Fraudulent Transactions.
  • Mastercard Teams Up with Worldpay to Launch Pay by Bank in the U.K.

Around the web

  • NetGuardians becomes a certified Avaloq software partner for real-time fraud prevention.
  • Temenos inks multi-year investor servicing contract with Northern Trust.
  • Worldline picks up PISP and AISP licenses from National Bank of Belgium.
  • Enveil earns Standard Technology Partner status in Amazon Web Services partner network.
  • Lleida.net credits new GDPR legislation in the EU for surge in sales for first half of 2018.
  • Equifax acquires specialty credit reporting agency DataX.
  • CFE Federal Credit Union implements Larky’s Engagement Platform.
  • Ledger launches Ledger Live, the all-in-one companion app to your Ledger device.
  • Xero integrates with BBVA’s API Market for small businesses.
  • Lendio expands the Lendio franchise in Rochester, New York.

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

  • KeyBank Acquires Small Business Lending Platform Bolstr.

Around the web

  • Threat detection specialist Zighra announces support for FIDO authentication.
  • BBVA and energy company Repsol collaborate to develop blockchain-based financial products.
  • Etsy partners with Klarna, bringing new payment options to its German website and app.
  • IdentityMind Global inks licensing agreement with KYC2020.
  • Insuritas to launch member-owned insurance agency for Financial Resources FCU.
  • Streamdata.io unveils its API Gallery featuring more than 360 different entities with 14,400+ API paths spanning 420 topics.
  • Interactions wins Customer Contact Week ‘Omnichannel Provider of the Year’ award.
  • Dashlane reaches 10 million users around the globe.
  • WorkFusion wins Awards for Best Application of AI in Financial Services.
  • Lendio’s employee contribution program has funded 2,800 loans in 78 countries through Kiva.
  • Gusto’s Flexible Pay lets employees choose their own payday.

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

  • Envestnet | Yodlee’s AI FinCheck Takes Financial Wellness to a New Level.
  • Blockbid Partners with LexisNexis Risk Solutions and ThreatMetrix.
  • Ignite Sales and FIS Team Up on Digital Engagement.

Around the web

  • Revolut goes live in Russia courtesy of partnership with QIWI.
  • Clinc brings its conversational AI technology to Turkey’s Isbank.
  • BBVA teams up with IPsoft to enhance service at its call centers in Mexico.
  • PYMNTS.com interviews BlueVine CEO Eyal Lifshitz on the “real value of invoice factoring.”
  • CFO Tech Outlook names Urban FT a top ten fintech solution provider.
  • NF Innova powering omnichannel banking for Halkbank ad Skopje.
  • Geezeo issues fully-fledged launch of Responsive Tiles PFM feature.

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.

Fintonic Bolsters Platform’s Loan Options with BBVA Partnership

What do you get when you cross PFM functionality with a full lending platform? Courtesy of a new partnership between Spanish fintech Fintonic and BBVA, we are about to find out.

Fintonic announced today that BBVA will be a part of the company’s loans platform. The innovative bank joins EVO Finance, Wanna, and a growing number of large banks and FIs that have joined Fintonic’s loan platform, which has processed more than €30 million in total loan transaction volume.

“Fintonic goes beyond the traditional PFMS (personal financial management system) and, unlike banks, it is committed to a marketplace that offers loan alternatives from various institutions,” Lupina Iturriaga, founder and general manager of Fintonic said. Fintonic offers a unified digital banking solution that combines all of the user’s basic financial information – banking, insurance, credit cards, loans – into one mobile app. More than 450,000 people are using Fintonic’s app to better understand their spending and saving behaviors. The company boasts that in 2017 its platform saved users €13 million in reimbursed charges and sent more than 278k alerts to warn users about potential overdrafts.

The new partnership with BBVA will enable users of the Fintonic app (available from both Google Play and the Apple App Store) to obtain loans of up to €30,000 without having to leave the app. The platform leverages risk profiles and customer data based on economic, social, and demographic analyses, as well as machine learning prediction algorithms and external sources such as FACTIVA to provide loan approvals in three minutes or less. Fintonic is also the developer of the FinScore, a free, personalized index that gives users information about their credit profile and how it affects the attractiveness of certain financial products.

Founded in 2012 and headquartered in Madrid, Spain, Fintonic demonstrated its technology at FinovateSpring 2016. At the conference, the company highlighted a new innovative alert and inbox system lets users know when they are being charged commissions, when overdrafts occur, and when insurance policies are nearing expiration.

Named to the European Fintech 100 last fall, Fintonic has raised more than $29 million in funding, and includes ING Group, PSN, Ideon Financial Solutions, Inception Capital, Onza Capital, and Atresmedia among its investors. The company was profiled by La Voz de Galicia this spring.

Finovate Alumni News

On Finovate.com

  • Gusto Launching its Own Yelp for Accountants.
  • Fintonic Bolsters Platform’s Loan Options with BBVA Partnership.

Around the web

  • Multiple-time Best of Show winner Ondot Systems launches its digital card services platform.
  • Thomson Reuters and ICAP announce five-year extension of their partnership.
  • TransferWise lands its first big European bank customer with new agreement with France’s BPCE Group.
  • NY Times features Unison’s approach to shared equity home ownership investment
  • Taulia has record $4.5bn First Quarter.
  • Cardlytics refinances credit facilities with Square 1 Bank.
  • Ripple to give $50 million to universities including Princeton, MIT, and UCL for blockchain research.
  • Foothills Credit Union selects Digital Onboarding for new member onboarding 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.

Finovate Alumni News

On Finovate.com

  • Quantopian Partners with FactSet to Launch Quantopian Enterprise.

Around the web

  • Dwolla partners with Cryptanite Blockchain Technologies to enable the firm’s ChargaCard payment app to process online payments.
  • The Paypers interviews Maxim Yevdokimov, Head of Mobile and Digital Strategy at Tinkoff Bank Maxim.
  • Fortytwo Data appoints machine learning expert Luca Primerano as Chief AI Officer.
  • Radius partners with Leadspace to deliver a go-to-market platform with data, artificial intelligence and integrations at its core.
  • NCR names Michael Hayford Chief Executive Officer, Frank Martire Executive Chairman, and Bill Nuti Chairman Emeritus.
  • BBVA issues loan using the blockchain.
  • ACH Alert launches PRO-TECH RT and PRO-TECH CR.

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.