BehavioSec

Finovate Alums Earn Spots in FinTech Forward 20 “Companies to Watch”

Finovate Alums Earn Spots in FinTech Forward 20 “Companies to Watch”
By David Penn Posted on
Categories: Alkami Technology, BehavioSec, CUneXus Solutions, Currency Cloud, identitii, inSpirAVE, Malauzai Software, Moven, North Side, Personetics

fintechforward_americanbankerbai

Half of the companies in the FinTech Forward 20 “Companies to Watch” list presented by American Banker and BAI this week are Finovate/FinDEVr alums. These 10 companies range from payments innovators and security specialists to alt-lending platforms and mobile banking app builders—the list even includes a pair of alums that have earned multiple Best of Show awards.

“The following 20 companies are the standouts among a pool of companies that nominated themselves and ones familiar to our judges,” American Banker declared in an announcement accompanying a slideshow of the FinTech Forward 20. When evaluating the various companies, judges were encouraged to ask themselves questions such as: “Is this organization solving relevant problems for the banking industry?” and “Does it speak to the challenges the industry faces now.”

Below are the ten Finovate/FinDEVr alums that made the cut. The rest of the FinTechForward 20 is listed below.

  • Currency cloud (FF16)
    • Founded in 2012
    • Headquartered in London, United Kingdom
    • Michael Laven is CEO
    • $35 million raised
  • identitii (FF16)
    • Founded in 2014
    • Headquartered in Sydney, Australia
    • Nick Armstrong is co-founder and CEO
  • BehavioSec (FF15)
    • Founded in 2007
    • Headquartered in Stockholm, Sweden
    • Neil Costigan is CEO
    • More than $8 million raised
    • Two-time Finovate Best of Show winner
  • InSpirAVE (FF16)
    • Headquartered in Pittsburgh, Pennsylvania, and New York City, New York
    • Om Kundu, founder, is CEO and chairman
  • Moven (FF16)
    • Founded in 2011
    • Headquartered in New York City, New York
    • Brett King, founder, is CEO
    • More than $24 million raised
    • Two-time Finovate Best of Show winner

Commenting on its spot on the list, Finovate newcomer InSpirAVE founder and CEO Om Kundu said the recognition was a “testament that our patent-pending technology enables financial institutions partnering with us to set themselves apart.” Kundu said his company’s solutions help FIs “tangibly boost deposits and payments revenues” as well as improve customer engagement and share-in-wallet in enduring ways.

Co-founder and CEO of CUneXus credited his firm’s one-click consumer-lending technology for catching the Fintech Forward judges’ attention. He said banks and credit unions were growing the size of their loan portfolios and “competing with emerging technologies” by adopting CUneXus’ solutions.

Speaking for Alkami Technology, which demoed at Finovate 2009 as iThryv, founder Stephen Bohanon, chief strategy and sales officer, pointed to his company’s flagship Alkami ORB platform and called it an example of the sort of “user experience brought about by great design and tightly coupled integration” that increasingly will set FIs apart. “ORB gives banks and credit unions a competitive advantage by placing strong emphasis on delivering the ultimate digital banking experience,” Bohanon said.

Also on the Fintech Forward 20 Companies to Watch list were:

  • Autobooks
  • Kasisto
  • ClickSWITCH
  • Built
  • BookingBug
  • Lenndo
  • Supipay
  • Self Lender
  • Private Wealth Systems
  • Yantra Financial Technologies

Fintech Forward is a collaboration between American Banker and BAI that combines research, media, and event hosting into a single professional, educational enterprise. In addition to its Fintech Forward 20 “Companies to Watch” list, Fintech Forward also publishes a Top 100 Companies and Top 25 Enterprise rankings.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Braintree, FinDEVr APIntelligence, Kabbage, PayPal, Xignite

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

Dev news

The latest from FinDEVr New York 2016 presenters

  • Institutional Investor features Xignite and PayPal CEOs in the 2016 Tech-50 list of fintech technologists.
  • CoinTelegraph names Braintree as a company that will shape the future of money.
  • Markit Unveils Chartworks Suite.
  • Inc’s look at global payment options features Braintree.

Alumni updates

  • Kabbage Revamps App to Enable Mobile On-Boarding for Loan Applications

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

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Finovate Alumni News

By David Penn Posted on
Categories: Actiance, BehavioSec, Boku, CardFlight, Lendio, Lighter Capital, Misys, NCR Corporation, NICE Systems, Polly Portfolio, Ripple, Sezzle, True Potential, Zopa

On Finovate.com

  • Polly Portfolio Launches Investment Chatbot for Facebook Messenger
  • Check out this week’s FinDEVr APIntelligence.
  • Zopa Taps Ronen Benchetrit for CTO
  • Sezzle Adds Former PayPal Executives as Advisers
  • Actiance Now Supports Compliance for Instagram

Around the web

  • Boku expands carrier billing service with new partnerships in Germany.
  • NCR and Wells Fargo partner to develop next-generation ATM technology.
  • Mizuho Financial Group to pilot Ripple for cross-border payments.
  • NICE Actimize teams up with Tableau Software to combine business intelligence with financial crime-compliance technology.
  • True Potential opens multi-asset portfolios to adviser market.
  • Lendio partners with Townsquare to promote its alternative small business financing solutions.
  • Misys relocates Texas office from Richardson to Plano to expand operations.
  • CardFlight reports that more than 64% of its merchants are now EMV-enabled, more than 3x the national average.

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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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, CardFlight, Cloud Lending, Envestnet, FinDEVr APIntelligence, Google, Google Cloud Platform, On Deck Capital, OutsideIQ, PayNearMe, Praesidio, Stratumn, Streamdata.io, Thinking Capital, VIX Verify, Yodlee

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • “Envestnet | Yodlee Unveils its Risk Insight API”
  • “Google’s Guide: New Book Explains How Google Manages its Cloud Infrastructure”

The latest from FinDEVr New York 2015 presenters

  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Chase launches OnDeck-powered SMB loan platform.
  • Praesidio ranks top 10 most-promising cloud-banking-solution providers of 2015.
  • API report covers Streamdata.io.
  • CryptoCoinNews takes a look at the recent funding for blockchain-development platform, Stratumn.

Alumni updates

  • “CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market”
  • PayNearMe facilitates users to pay for their taxes in cash.
  • “BehavioSec, Nationwide, Unisys Team Up on Biometrics”
  • Crowdfund Insider interviews Snehal Fulzele, Cloud Lending CEO.

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

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Finovate Alumni News

By David Penn Posted on
Categories: Alkami Technology, BehavioSec, Comarch, Envestnet, FinovateSpring 2016, FinovateSpring 2016 Sneak Peek, Fiserv, Geezeo, Malauzai, Moven, Streamdata.io, SWITCH, ThreatMetrix, Top Image Systems

On Finovate.com

  • “Malauzai to Offer Geezeo-Powered PFM Tools”

On FinDEVr.com

  • “FinDEVr New York Presentation Videos Live on FinDEVr.com”

Around the web

  • Top Image Systems appoints Kristian Niklasson as its new chief services officer.
  • Alkami Technology teams up with Easy Solutions to add anti-fraud technology to its digital banking platform.
  • Irish Tech News interviews Moven CEO Brett King. See Moven at FinovateSpring next month in San Jose.
  • Fiserv Investment Services President Cheryl Nash named executive leader for Envestnet Institute On Campus’ “Women in Wealth Management” program.
  • API report covers Streamdata.io.
  • ThreatMetrix launches new release with deeper decision analytics, enhanced mobile offering, and stronger authentication capabilities.
  • BehavioSec, Nationwide, Unisys Team Up on Biometrics.

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 Alums Dominate The FinTech50’s Inaugural Hall of Fame

Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame
By David Penn Posted on
Categories: Algomi, BankBazaar, BehavioSec, Blockchain, Currency Cloud, DemystData, eToro, Fenergo, Fidor Bank, Five Degrees, InvoiceSharing, Kantox, Klarna, Mambu, Meniga, Nutmeg, Personetics, Revolut, TransferWise, Yoyo, Zopa

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.

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Finovate Alumni News

By David Penn Posted on
Categories: BehavioSec, Betterment, Currency Cloud, IP Commerce, linxo, MasterCard, On Deck Capital, Tradeshift, TransferWise, Vouch

On Finovate.com

  • “IP Commerce Closes Series A Round”
  • “Linxo Raises €2 Million from Crédit Agricole”

Around the web

  • MasterCard and TransferWise talk about the “future of money and credit” with TechCruch at Davos 2016.
  • Let’s Talk Payments features Betterment in a roundup of fintech startups focused on reducing fees for retirement savers.
  • OnDeck enters referral agreement with Opus Bank to power SMB lending.
  • BehavioSec to power behavioral biometrics for TeleSign.

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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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, On Deck Capital, Personal Capital, Tradier, Twilio, Xero

FinDEVr2016-NY-(Stacked)V2

Building a new financial technology? Mark your calendars for our spring developer event in New York City, 29/30 March 29, FinDEVr 2016 and check out the first round of FinDEVr New York presenting companies.

The latest from FinDEVr San Francisco 2015 presenters

  • Modest Money asks: “Are Personal Capital’s Financial Advisers for the Small-time Investor?”
  • Let’s Talk Payments features BehavioSec in a roundup of top Nordic fintech startups.
  • JPMorgan announces partnership with OnDeck Capital.

Alumni updates

  • Xero adds two-step authentication to its accounting platform.

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

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Finovate Alumni News

By David Penn Posted on
Categories: ayondo, BehavioSec, CAN Capital, Check Point, Coinbase, CurrencyTransfer, Encap, Holvi, Klarna, Lending Club, LOYAL3, Meniga, Mint, PrivatBank, Rippleshot, SmartyPig, SocietyOne, Tink, TransferWise, Trustly

On Finovate.com

  • “Rippleshot Raises $1.2 Million in Round Led by KGC Capital”
  • “SocietyOne Offering Car Loans to Uber Drivers in Australia”

Around the web

  • Xero adds two-step authentication to its accounting platform.
  • CAN Capital teams up with iPayment to help SMEs get access to working capital.
  • Let’s Talk Payments features Klarna, Holvi, BehavioSec, Trustly, Meniga, and Tink in a roundup of top Nordic fintech startups. Remember FinovateEurope 2016 comes to London on February 9 and 10.
  • “Check Point Names Julie Parrish as Chief Marketing Officer”
  • MyBankTracker names Mint, SmartyPig, Lending Club, Coinbase, and Loyal3 on its list of companies every millennial should know about.
  • “ayondo CEO Robert Lempka Explains Innovative Trading Solutions Live on CNBC Asia”
  • TechCrunch looks at TransferWise’s growth.
  • PaymentEye interviews Daniel Abrahams, CEO and co-founder of CurrencyTransfer.com.
  • Bankless Times talks with Encap Security CEO Thomas Bostrøm Jørgensen on current trends in authentication 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

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arroweye Solutions, BehavioSec, Bento for Business, BioCatch, Comarch, Dealstruck, Dwolla, FIS, Kantox, Klarna, Lendio, Lighter Capital, Markit, Open Bank Project, TESOBE, Zopa

On Finovate.com

  • “Lighter Capital closes $9 Million Series B Funding Round, Raises $100 Million to Lend to Tech Startups”
  • “Dwolla Helps Seamless Deploy its Mobile Wallet in the United States”

Around the web

  • PYMNTS records 2015 payment-trend insights from multiple Finovate and FinDEVr alums.
  • Arroweye featured in Credit Union Journal.
  • Kantox brings free and automatic SWIFT messages to its clients.
  • Dealstruck and Lendio release eBook.
  • The Growing Business Awards names Zopa the Growing Business of the Year in the small business category.
  • American Banker highlights how Tesobe’s Open Bank Project is working toward an API-based banking model.
  • Markit and CLS unveil new streamlined process for cross-currency-swaps settlement.
  • Let’s Talk Payments looks at Klarna and its unconventional approach to authentication.
  • FIS closes SunGard acquisition.
  • BioCatch adds Gadi Maier and Howard Edelstein to its board of directors.
  • Comarch implements Field Service Management solution for receivables management specialist, the KRUK Group.

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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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Authy, BehavioSec, Entersekt, Fidor Bank, FinDEVr, FinDEVr APIntelligence, Markit, MX, Nexmo, PayPal, Thomson Reuters, Trulioo, Xero, Yodlee

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on 29/30 March 2016. Stay tuned for details.

Developer news

  • Harvard Business Review: The Changing Economics of App Development.

The latest from FinDEVr San Francisco 2015 presenters

  • Aberdeen Asset Management selects Markit to value hard-to-price assets for positions with limited market data.
  • Developer reviews Authy’s two-factor authentication.
  • PayPal among the companies highlighted in Inc.’s look back at Money20/20.
  • Thomson Reuters unveils its new desktop platform, grouping all of its FX transaction venues into one single point of access.
  • Business Insider lists BehavioSec and Fidor as “companies we wish were big the U.S.”
  • Silicon Slopes Podcast hosts Ryan Caldwell, MX CEO, as he discusses how to improve online banking.
  • Thomson Reuters unveils latest version of its tax-technology platform, Thomson Reuters ONESOURCE.
  • Yodlee’s Ynext unveils new incubator class.
  • Business Insider names BehavioSec among the 12 hottest Nordic fintech startups.

Alumni updates

  • “Trulioo Selected as Runner-up for Startup Canada Award for Innovation”
  • Xero reaches 600,000 subscribers in 180 countries.
  • VentureBurn features Entersekt CEO Schalk Nolte.

Stay up to date on daily developments by following FinDEVr on Twitter.

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