Braintri

Finovate Global: Fintech News from Around the World

By David Penn Posted on
Categories: Braintri, Clover Network, FICO, Finastra, Finovate Global, Hydrogen, iProov, James Finance, Ocrolus, Sberbank, VISA

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Central and South Asia

  • Visa takes minority stake in Indian payment gateway BillDesk.
  • Swift India partners with MonetaGo to pilot blockchain-based banking.
  • India FinTech Forum (IFF) announced the 20 companies recognized at its India FinTech Awards (IFTA), including Finovate alums Hydrogen, iProov, Ocrolus, and James Finance.

Latin America and the Caribbean

  • Elevar Equity leads $5.25 million investment round for Uruguayan fintech, Bankingly.
  • Banco Original, a Sao Paulo, Brazil-based FI, to deploy FICO Origination Manager and FICO Application Fraud Manager.
  • First Data launches Clover Mini and Clover Flex in Argentina.

Asia-Pacific

  • Finastra gives Singapore banks top marks in its inaugural Open Banking Readiness Index.
  • FinLab accelerator introduces its smart business transformation program for Thailand small businesses.
  • SmartPesa brings its softPOS contactless card acceptance via NFC phone running Android – to Singapore and South East Asia.

Sub-Saharan Africa

  • South African financial services company, Discovery, to launch “behavioral bank.”
  • Nigeria’s central bank proposes fintech licensing regime to help manage cyber risk, capital adequacy, and operational oversight issues.
  • A “hands-off” attitude toward regulation is credited for helping boost Uganda’s emergent fintech sector.

Central and Eastern Europe

  • Poland’s Braintri merges with iCompass.
  • The Polish Financial Supervision Authority names the Heart as one of operators for its regulatory sandbox for companies developing fintech solutions.
  • Ingenico Group teams up with Russia’s Sberbank to enable MOIR card payments for online purchases.

Middle East and Northern Africa

  • Study from Mena Research Partners calls for major gains in fintech funding in the MENA region over the next ten years.
  • Egypt Innovate features ten Egyptian startups “following the world’s fintech trend.”
  • The Tehran Times looks at the “challenges and opportunities” of fintech innovation in Iran.

Top image designed by Freepik

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Poland’s Braintri Merges with iCompass

Poland’s Braintri Merges with iCompass
By David Penn Posted on
Categories: Braintri

A pair of Polish fintechs – Braintri and iCompass – have announced a merger plan that will enable both firms to grow their businesses and expand internationally. Braintri COO Wojciech Zatorski highlighted the opportunity for growth, and pointed specifically to the potential in markets in the EU, the Middle East, Asia, and the U.S. “The partnership is a step forward in Braintri’s strategy to enter global markets,” he said.

Both companies will operate under their existing brands until the merger is completed, after which there will be a rebranding.

Providing mobile banking apps for some of the largest banks in Poland, Braintri has partnered with FTSE large cap banking giant PKO BP, as well as fellow Finovate alum, mBank. The company also worked to help establish Poland’s non-card payment standard, BLIK, currently used by 94% of the country’s population. Braintri is also the developer of Jiffee, a token-based, Bluetooth-powered, mobile payment technology the company demonstrated at FinovateEurope earlier this year.

In a press release, Braintri said it will focus on three main product lines post-merger: mobile applications, big data solutions, and payments. The company also pledged to “further develop its insurtech competence.”

Braintri’s partner, iCompass, is a software provider for major European banks and global payment companies like Mastercard Payment Transaction Services. The firm is a technology provider for Poland’s first mPOS platform, and developed the universal payment gateway, Octopus Payment Hub.

Founded in 2013, Braintri demonstrated its Jiffee payments solution at FinovateFall 2017, winning Best of Show. Headquartered in Warsaw, Poland, the company was awarded the Polish Innovation Award 2018 for both Jiffee and its core banking systems offloading engine, Biffee.

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Finovate Alumni News

By David Penn Posted on
Categories: Aqubix, BehavioSec, Braintri, CustomerXPs, Electronic IDentification, Fenergo, Green Key Technologies, IdentityMind Global, Jumio, Klarna, Launchfire, Mortgage Cadence, NICE Systems, Onfido, Payfone, SecuredTouch, Sedicii, Temenos, ThetaRay, Tinkoff Bank, Topicus, TransferWise, Trulioo, Trunomi, Xero

On Finovate.com

  • Check out a sneak peek of Topicus.Finance’s upcoming demo at FinovateAfrica.
  • Launchfire Launches StepDemo to Enhance Employee Training.
  • Poland’s Braintri Merges with iCompass.

Around the web

  • Xero teams up with Absa Bank to improve access to financing for South African SMEs.
  • TransferWise opens its API.
  • Fenergo introduces new Client Lifecycle Management: Front to Middle Office Transformation app on Salesforce AppExchange.
  • Mortgage Cadence adds to its Enterprise Lending Center loan origination platform courtesy of a partnership with MGIC.
  • Tinkoff Bank enables its iOS-using customers to buy concert and theatre tickets via its mobile app.
  • ThetaRay CEO Mark Gazit appointed to the International Technology Advisory Panel of the Monetary Authority of Singapore.
  • Klarna forges partnership with weighted blanket developer, Gravity Blanket.
  • Temenos announces Technology Partner Agreement with distributed SQL database provider, NuoDB.
  • Aqubix, Behaviosec, CustomerXPS, ElectronicID, GreenKey, IdentityMind, Jumio, NICE, Onfido, Payfone, SecuredTouch, Sedicii, Trulioo, and Trunomi honored on RegTech 100 list.

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 Global: Fintech News from Around the World

By David Penn Posted on
Categories: Braintri, Coinbase, Finovate Global, iGTB, Infosys, Prisma Campaigns, Tinkoff Bank

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Central and South Asia

  • InstaREM reports facilitating no-fee money transfers of almost $2 million to the flood-stricken southern Indian state of Kerala.
  • Infosys announces plans to open tech hub in Arizona and hire 1,000 Americans by 2023.
  • Qbera of Bengaluru, India raises $3 million in funding from Essel Group.

Latin America and the Caribbean

  • Uruguay’s Prisma Campaigns partners with Tyfone to bring new personalized, automated marketing solutions to banks and credit unions.
  • Brazil’s biggest independent brokerage, Grupo X, to offer a platform exchange for Bitcoin and Ethereum.
  • Forbes profiles Brazilian online payments startup, EBANX.

Asia-Pacific

  • Taiwan to begin testing of its first regulatory sandbox in December.
  • SBI Ripple Asia wins license to launch blockchain-based payments app in Japan.
  • Hong Kong goes live with Faster Payment System (FPS).
  • Indonesia’s Bank Central Asia goes live on iGTB’s digital transaction banking platform.
  • Coinbase teams up with Hong Kong-based crypto trading and risk management platform Caspian to promote institutional use of cryptocurrencies.

Sub-Saharan Africa

  • Ugandan Orient Bank to deploy Acumen from Profile Software to manage treasury operations.
  • Bourse Régionale des Valeurs Mobilières (BRVM), a stock exchange based in the Ivory Coast, encourages West African fintech startups to join its innovation lab.
  • MTN Uganda teams up with MasterCard and United Bank for Africa (UBA) launch new mobile money service.

Central and Eastern Europe

  • Tinkoff Bank offers access to more than 10,000 global securities via its Tinkoff Investments Premium solution.
  • Braintri awarded the Polish Innovation Award 2018 for its creation of Jiffee, a bluetooth-based mobile payment and loyalty technology, and Biffee, a core banking system offloading engine.
  • ING Bank Romania to abandon physical cash desks this fall in favor of ATMs and its mobile banking app.
  • Slovenian fintech Eligma launches cryptocurrency payment app.

Middle East and Northern Africa

  • Commercial Bank of Dubai inks agreement with PwC to assist in its digital transformation.
  • Abu Dhabi Global Market (ADGM) signs strategic Memorandum of Understanding with Abu Dhabi Smart Solutions and Services Authority (ADSSSA).
  • Central Bank of Kuwait pledges major investment in big data and AI.

Top image designed by Freepik

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Finovate Alumni News

By David Penn Posted on
Categories: Braintri, Crypterium, Kasasa, Klarna, Pushfor, Revolut

Around the web

  • Revolut seeks banking license in Luxembourg to ensure post-Brexit access to European markets.
  • Crypterium earns listing on KuCoin cryptocurrency exchange. See Crypterium at FinovateFall in New York this week.
  • Klarna teams up with U.K. fashion brand In The Style.
  • Pushfor founder and CEO John Safa talks cybersecurity on KRLA LA radio.
  • Braintri awarded the Polish Innovation Award 2018 for its creation of Jiffee, a bluetooth-based mobile payment and loyalty technology, and Biffee, a core banking system offloading engine.
  • Kasasa named to 2018 IDC Financial Insights FinTech Rankings.

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: aixigo, BeSmartee, Braintri, Efigence, Equifax, NF Innova, Nomis Solutions, TransferWise

On Finovate.com

  • Aixigo Relaunches Digital Portfolio Management System.
  • BeSmartee and LoanFuel Help Make Mortgage Lending Mobile.

Around the web

  • Albania’s Raiffeisen Bank Shqipëri partners with NF Innova to deploy digital self-service kiosks.
  • TransferWise opens office in Hong Kong as part of expansion into Asia.
  • Equifax teams up with digital consent management platform Consents Online to support open banking.
  • Nomis Solutions picks Melbourne as site of new regional headquarters.
  • Efigence provides UI/UX design, development and implementation for new investment platform from Polish home equities broker, CDM Pekao.
  • Braintri discusses the commercialization of its contactless payment technology, Jiffee, at SelectUSA Investment Summit 2018.

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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FinovateFall Sneak Peek: Braintri

FinovateFall Sneak Peek: Braintri
By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintri, FinovateFall 2017, FinovateFall 2017 Sneak Peek

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

With Braintri, cards are dead. Everyone is looking for a new technology that allows you to pay anywhere and everywhere. They have the solution. They called it Jiffee – a new tap and pay mobile technology.

Features

  • Jiffee is a new technology that allows you to pay anywhere and everywhere
  • All your cards and accounts in one place
  • They turn any device into payment terminal

Why it’s great
Jiffee is a new technology that allows you to pay anywhere and everywhere.

Presenters

Maciej Stępień, CEO & Co-Founder
Stępień has nearly 20 years of experience in innovative payments technology and consulting services with focus on enterprise-grade software development and system implementation.
LinkedIn

Wojciech Zatorski, CEO & Co-Founder
Zatorski has over 20 years of extensive experience in the financial sector with a strong focus on transaction processing, and experience in managing large-scale projects and innovative payments technology.
LinkedIn

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Finovate Alumni News

By David Penn Posted on
Categories: BizEquity, Bpm'online, Braintri, Digital Onboarding, Ellie Mae, Fern Software, Finicity, ID Analytics, Omega Point, On Deck Capital, Sensibill, SumUp, Vipera

On Finovate.com

  • BizEquity Brings Business Valuation Data to Wall Street Journal Pro.
  • Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland.

Around the web

  • SumUp announces expansion to 15 European countries, doubling the number of markets the company serves.
  • UK Hot Views takes a look at the recent financial performance of Vipera.
  • OnDeck celebrates 10th anniversary, having provided more than $7 billion in capital to more than 70,000 customers.
  • Ellie Mae acquires Velocify in $128 million deal.

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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