Finovate Alumni News

On Finovate.com

  • “Signifyd Raises $20 Million in Series B Led by Menlo Ventures”
  • “Ping Identity Launches New Features, Multi-Factor Authentication API”
  • “Trusted Knight Lands Series B Funding, Acquires Sentrix Web Technologies Assets”
  • “Live from London: FinovateEurope 2016 Demo Videos Now Available

Around the web

  • Minnesota-based Wings Financial Credit Union to deploy account opening technology from Gro Solutions.
  • NICE Systems announces strategic partnership with The Boston Consulting Group (BCG).
  • Cisco to serve as the “priority technology partner” to BBVA in new strategic alliance.
  • NYMBUS teams up with Geezeo, adding white label PFM technology to its full-stack, core banking platform.
  • Xerox enters into global reseller agreement with Top Image Systems.
  • Emirates NBD Group and the Open Bank Project launch a global competition for 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.

Open API! Shamir Karkal to Head BBVA’s New Developer Platform

BBVA_API_Market_homepage_Feb2016

Former CFO and co-founder of Simple, Shamir Karkal, has joined BBVA in a new role: head of Open APIs.

In a blog post discussing the move, Karkal described his vision for BBVA’s Open APIs to Amazon Web Services, using the concept of an “AWS of banking.” Pointing out that Amazon had built “the world’s fastest-growing technology business” in AWS by granting third-party access to its platform, Karkal posted:

BBVA has a huge opportunity to do the same—open up our core platform and services—and in turn enabling others to build companies on top of these and thereby helping us build a new business.

BBVA_ShamirKarkalKarkal credits BBVA’s current initiatives in this direction, both its Open Talent hackathons and collaborations with companies like Dwolla. To get the Open APIs project underway, BBVA has set up a closed group of partners to build new applications before opening up the project to outside developers. Check out BBVA’s invite-only Alpha.

Karkal co-founded Simple in 2010 along with CEO Josh Reich and CTO Alex Payne. The company, which previewed its technology as Bank Simple at FinovateFall 2011, was acquired by BBVA in February 2014. Prior to Simple, Karkal was a management consultant at McKinsey & Company. With a background in software engineering, he has an MBA in Finance from the Carnegie Mellon University’s Tepper School of Business.

Known as one of the more technically innovative banks in Europe, BBVA was founded in 1857 and is headquartered in Madrid, Spain. The company has more than 117,000 employees in more than 30 countries, and more than 47 million customers. At FinovateEurope 2013, BBVA demonstrated Stockbuzz, its stock market sentiment-analysis technology.

 

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register by Friday to save on early bird price and lock in your spot.

Developer news

  • American Banker: BBVA rehires a co-founder of Simple to build open APIs.

The latest from FinDEVr San Francisco 2015 presenters

  • Ingo Money partners with PayPal, adds instant check-splitting.
  • PayPal unveils carrier partnerships and NFC payment capability.
  • Modo Payments closes $2 million in funding.
  • PayPal unveils redesign of its Android and iOS mobile apps.
  • Envestnet | Yodlee teams up with South African API marketplace, Limitless.

Alumni updates

  • Bluefin Payment Systems and Worldnet partner for PCI-Validated P2PE on the Worldnet Payment Platform.
  • Xero teams up with Google; bringing gmail and Google Apps for Work to its platform.
  • FirstBank to deploy multi-factor authentication technology, Transakt, from Entersekt.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Check out this week’s “FinDEVr APIntelligence”
  • “Loan Matchmaker Lendio Posts 2015 Growth Numbers”
  • “Open API! Shamir Karkal to Head BBVA’s New Developer Platform”

Around the web

  • eWise expands data aggregation network to include institutions in Singapore and Thailand.
  • Peel Hunt Technology’s sector report highlights Featurespace.
  • ThreatMetrix enters into agreement with FUJI SOFT to provide online fraud solutions to Japan.
  • Lending Club opens to retail investors in Maryland and North Dakota, bringing its total to 45 states and Washington D.C.
  • Striata makes its Secure Document Repository (SDR) available for general release.
  • Spend Matters interviews Cedric Bru, Taulia CEO.
  • Zooz taps former Worldpay executive Chester Ritchie as its new EVP of sales and development.
  • Temenos announces plans for $500 million refinancing of its banking facilities.
  • Payfone deploys at an additional tier-1 bank in the U.S., now protects 50+ million U.S. accounts.

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.

Finovate Alumni News

On Finovate.com

  • “VATBox Wins Spot in Inaugural Global MasterCard Start Path Class”
  • “Finovate Debuts: Persistent Systems Introduces Social Payments Solution, BuddyPay

Around the web

  • Billhighway ranked number 398 fastest growing company in North America on Deloittes 2015 Technology Fast 500.
  • Inspirus Credit Union replaces its existing digital banking system with Alkami Technology’s ORB platform.
  • Corezoidpowered mobile Privat24 for Android lets users scan and digitize discount cards.
  • Let’s Talk Payments features Coinbase, Chain, Ripple, and ItBit in its roundup of top fundraising blockchain and bitcoin companies for 2015.
  • PYMNTS.com interviews Ripple CEO Chris Larsen on payment trends for 2016.
  • BBVA’s new release of BBVA Wallet enables users to redeem credit card rewards on the spot.
  • TokBox’s new developer toolkit brings voice and video chat to Apple TV apps.
  • Facebook’s CTO Mike Schroepfer joins Wealthfront’s board of directors.

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.

BBVA’s Wallet App Tops One Million Downloads; Goes Live in Turkey This Week

BBVA_homepage_Nov2015

BBVA just announced that its Wallet app surpassed one million downloads since its launch in 2013. The news comes as the Spanish bank reports that Wallet will launch with Turkey’s Garanti Bank this week under the brand name BonusFlas. BBVA’s Wallet app is currently available in four other countries: Mexico, Chile, the United States, and Spain.

Saying that plastic card users will be in the minority by 2020, global head of payments for BBVA, Mehmet Sezgin, put BBVA at the center of the movement toward mobile payments. “As the only bank operating digital wallets in five countries around the world, we are at the forefront of the major transformation from plastic to mobile,” he said.

BBVA_stage_FEU2013

Marisol Menendez Alvarez and Jose Antonio Gallego of the Open Innovation Team at BBVA demonstrated Stockbuzz at FinovateEurope 2013.

BBVA’s Wallet enables customers to:

  • Make contactless payments with smartphone using their BBVA cards
  • Turn cards on or off in case of loss or theft
  • Link cards to specific types of transactions (i.e., offline or online only)
  • Borrow money from within the app for purchases

BBVA’s app topped 250,000 downloads in September 2014, meaning that three-quarters of the app’s million downloads have come in the past year alone. One of the more innovative banks in Europe, BBVA acquired Simple for $117 million in February 2014, and over the summer introduced its Apple Watch app.

Founded in 1857 and headquartered in Madrid, Spain, BBVA operates in more than 30 countries, and has more than 47 million customers. The company demonstrated its Stockbuzz platform at FinovateEurope 2013 in London.


Are you a fintech fan living in Europe? Be sure to mark February 9 and 10 on your calendar and join us for FinovateEurope 2016 in London. More information available here.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: DarcMatter Shines a Light On Alternative Investments”
  • “BBVA’s Wallet App Tops One Million Downloads; Goes Live in Turkey This Week”

Around the web

  • Magnify CU partners with Insuritas to launch an insurance agency.
  • Worldpay employees evaluate use of finger-vein technology to authenticate payments at the POS without need for a card.
  • mydesq selects Encap Security to boost productivity and engagement for wealth managers.
  • Let’s Talk Payments interviews Brent Warrington, Hyperwallet CEO.
  • MasterCard announces Ed McLaughlin as new chief information officer.
  • VentureBurn highlights Entersekt: SA’s fintech gem making it safe for millions to bank, shop online.
  • Algomi’s Honeycomb named “Product of the Year” and “Best Buy-Side Newcomer” in Waters Technology’s Buy-Side Technology Awards.
  • The Next Web profiles BioCatch, a biometric security specialist.
  • FusionWire looks at ways that banks can use Matchi to build relationships with fintech startups.

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.

Marketing Minute: Optimizing Emails for the Small Screen

Recent email marketing research found that two-thirds of Americans regularly check email via smartphone and a significant number of total opens (as high as 70%) are now opened on a mobile device. Since most emails that look good on mobile look fine on a desktop (but NOT vice versa), you can pretty much disregard the desktop when creating a design template for your email alerts and marketing messages.

Here’s a few examples from my inbox during the past few weeks. Both Capital One and BBVA’s Simple use appropriate font size and a good mobile layout. Simple does an especially good job at grabbing attention with a small animation at the top of the message. In comparison, the BankDirect pitch is not well optimized for mobile, though it’s readable if you work at it. But it does nothing to grab your attention visually.

——–

Bank email samples (viewed on iPhone 6)

First: Business Savings account promo from Capital One
Easy to read opening line and big Open Now buttons on first screen and below the fold

Second: BankDirect to American AAdvantage mileage club members
Harder to read the small type, and call-to-action is below the fold

Third: Simple announces its 100%-no-fee policy change
Grabs attention with small animated graphic at top with big “Hi FirstName” visible on first screen. The remainder of message is in a font easily read on a mobile phone:

capitalone_email bankdirect_americanair_email simple_email2

Finovate Alumni News

Around the web

  • i-exceed introduces Appzillon 3.1, featuring new widgets, style editors, over-the-air (OTA) support and more.
  • OnDeck unveils mobile app for small business owners.
  • Ripple Labs appoints former Treasury Department official, Michael Barr, as an adviser.
  • Zooz teams up with Bitnet to enable bitcoin payments on its platform.
  • Bendigo and Adelaide Bank to deploy Appian BPM platform.
  • NAMU Systems wins “Most Personalized Banking Experience” award from EPAM at the 2015 Citi Mobile Challenge in EMEA.
  • Coinbase earns a spot in MIT Technology Review’s 50 Smartest Companies in 2015.

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: TrueAccord Provides Kinder, Gentler Automated Debt Collection”
  • “HedgeCoVest Adds Two New Models to its Platform”
  • “CashSentinel Closes Seed Round of Undisclosed Amount”

Around the web

  • Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma now accept Visa Checkout.
  • Moven updates Android mobile app.
  • The Fintech blog features Q&A with LendUp CEO Sasha Orloff.
  • Bank Innovation profiles Hedgeable and its “one simple trick.”
  • Westpac Banking Corporation and New Zealand Banking Group are testing Ripple for payment transfers between subsidiaries.
  • Ixaris announces €4m Open Payments Ecosystem (OPE) project to support developers building payment apps.
  • TSYS to support Apple Pay when it launches in the U.K. in July.
  • Omnichannel account-opening solution from Zenmonics goes live at BBVA.
  • Austin Energy to adopt PaySecure platform from Acculynk.
  • Investopedia column on the “Top 5 Myths of Robo-Advisors” features Betterment, Wealthfront, and Vanguard.
  • BrightScope launches Fund Pages to provide detailed information about open-ended mutual funds.
  • Sam’s Club using Lending Club to offer financing to SMB customers.
  • FitSmallBusiness.com names OnDeck best provider of small business loans.
  • SunGard terminal selects Heckyl news and sentiment analysis.
  • Pindrop Security granted patent for phone antifraud and authentication technology.
  • Top Image Systems taps Bob Fresnel as new TIS Americas President.

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

  • Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding
  • Mint Bills Brings Mobile Billpay to One Million Customers of Quester Gas
  • Global Debt Registry Teams Up with TransUnion to Better Serve Debt Industry

Around the web

  • Bento for Business founder and CEO weighs in on the future of tech accelerators. See Bento for Business at FinovateSpring 2015 in San Jose next month.
  • Global Market Solutions joins the Misys InFusion Partner program.
  • TechCrunch column on fintech regulation features Lending Club, Motif Investing, Betterment, OnDeck, Wealthfront, Prosper, and WealthForge. Join WealthForge in San Jose for FinovateSpring 2015.
  • OnDeck partners with Angie’s List to offer financing to its service providers.
  • Paybefore selects InComm as a 2015 Paybefore Awards Europe winner in the Change Agent of the Year category.
  • Banking Exchange: Kabbage hopes to harvest more bank partnerships.
  • Check Point Software and FireEye partner to share threat intelligence to protect customers from modern advanced attacks.
  • Bank Innovation’s look at Voice Assisted Banking features Interactions.

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– September 2, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMobile payments app from BBVA earns more than 250,000 downloads since launch last December in Spain.
  • Knox Payments picks up $625,000 in venture round funding. See them demo at FinovateFall 2014 in New York this month.
  • Issuer Direct chooses Top Image Systems to drive incoming document automation.
  • P2P lender, SocietyOne, to offer free credit scores to customers.
  • MicronotesCross-Sell interview marketing platform now automatically reports Net Promoter Score.
  • Advanced Merchant Payments 1 of 8 fintech startups to enter the FinTech Innovation Lab in Asia-Pacific.
  • Jumio and IDology announce partnership to enable verification via government-issued ID in card-not-present situations.
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.