Cardlytics

Finovate Alumni News

By David Penn Posted on
Categories: aixigo, AlphaPoint, Avoka, Cardlytics, FI.SPAN, Moxtra, NICE Systems, Symphony Software Foundation, Thomson Reuters

On Finovate.com

  • AlphaPoint Names New CEO, Plans for New Public Blockchain Network.
  • FI.SPAN Enables Banks to Maximize the Opportunity of Open Banking.

Around the web

  • Thomson Reuters enhances ESG data monitoring capabilities for its Eikon solution.
  • Symphony Software Foundation adds to its Open Developer Platform.
  • Turkiye Garanti Bank, Turkey’s second largest private bank, to deploy customer analytics technology from NICE.
  • Cardlytics taps Jed Murphy as new U.K. Head of Strategy and Innovation.
  • Avoka bolsters executive ranks with two new SVPs, Director of Sales.
  • Moxtra wins spot in Prudential PRU Fintegrate program.
  • Wealth management platform aixigo wins Banking IT-Innovation Award from Business Engineering Forum of the University of St. Gallen in Switzerland.

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: Asseco, BILLSHARK, Cardlytics, Darwinex, Klarna, Ledger, Zighra

On Finovate.com

  • Klarna Celebrates Year-Over-Year Sales, Profit Gains.

Around the web

  • Fox Business highlights BILLSHARK in feature on “low-effort” savings strategies. See BILLSHARK at FinovateFall in New York next month.
  • Cardlytics to enable the new mobile rewards strategy from SunTrust.
  • Asseco signs four-year agreement to provide support for the electronic bookkeeping system for Poland’s Ministry of Justice. Join Asseco next month in New York for FinovateFall.
  • Zighra Receives Patent for Proprietary AI-Powered Continuous Authentication Platform.

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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12 Alums Earn Their Place on Inc. 5000 List

12 Alums Earn Their Place on Inc. 5000 List
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, Cardlytics, defi Solutions, Fidor Bank, Kabbage, Lighter Capital, nCino, Payoneer, Tango Card, True Potential, Truphone, Zopa

Inc. released its lists of the fastest-growing 5,000 private companies in the U.S. and Europe this week. Eight Finovate alums made the U.S. list and four earned spots on the Europe list. To qualify*, companies were required to be privately-owned and independent.

Inc. 5,000 U.S.

Overall in the U.S., financial services companies saw a 151% growth rate, while IT services experienced 112% growth, security 171% growth, and software grew 134%. Out of the 5,000 companies listed in 28 industries, here are the eight Finovate alums that earned their place on the list:

Alkami Technology

  • Rank: 176
  • 2016 revenue: $11.9 million
  • 3-year growth: 24x
  • Founded: 2009
  • Employees: 192
  • Ranked number 11 in top software companies, number 8 in top Dallas companies, and number 13 in top Texas companies.

Alkami debuted under the name iThryv at FinovateSpring 2009 in San Francisco.

nCino

  • Rank: 361
  • 2016 revenue: $26.1 million
  • 3-year growth: 12.2x
  • Founded: 2012
  • Employees: 273
  • Ranked number 24 in top software companies and number 10 in top North Carolina companies.

nCino debuted its bank operating system at FinovateEurope 2017 in London.

Tango Card

  • Rank: 373
  • 2016 revenue: $10.6 million
  • 3-year growth: 11.6x
  • Founded: 2009
  • Employees: 57
  • Ranked number six in top Seattle companies and number six in top Washington companies.

Tango Card debuted its Rewards as a Service API at FinovateFall 2016 in New York.

Kabbage

  • Rank: 449
  • 2016 revenue: $172 million
  • 3-year growth: 9.8x
  • Founded: 2009
  • Employees: 325
  • Ranked number 24 in top financial services companies, number 14 in top Atlanta companies, and number 16 in top Georgia companies.

At FinovateSpring 2015, Kabbage debuted the Kabbage Card. Kathryn Petralia, the company’s President, Chief Operating Officer and Co-Founder, will be featured on our Digital Lending Summit panel on September 13. Register today to save your spot.

Lighter Capital

  • Rank: 634
  • 2016 revenue: $6.4 million
  • 3-year growth: 7.1x
  • Founded: 2010
  • Employees: 36
  • Ranked number 10 in top Seattle companies and number 11 in top Washington companies.

Lighter Capital debuted its Next-Generation Loan Analysis & Monitoring at FinovateFall 2013 in New York.

defi SOLUTIONS

  • Rank: 771
  • 2016 revenue: $11.4 million
  • 3-year growth: 5.9x
  • Founded: 2012
  • Employees: 59

defi SOLUTIONS showcased its loan origination solution at FinovateSpring 2014.

Cardlytics

  • Rank: 1069
  • 2016 revenue: $112.8 million
  • 3-year growth: 4x
  • Founded: 2008
  • Employees: 325

At FinovateFall 2013, Cardlytics showcased its geolocation application.

Payoneer

  • Rank: 1912
  • 2016 revenue: $100 million to $500 million
  • 3-year growth: 2x
  • Founded: 2005
  • Employees: 100 to 249
  • Is a five-time Inc. 5,000 honoree
  • Awarded as a Best Place to Work

Payoneer showcased its Commercial Account at FinovateAsia 2013.

Inc. 5,000 Europe

This is Inc’s third annual ranking of private companies in Europe, based on three-year revenue growth. In its analysis, Inc. ranked Paris, Romania, Sweden, Slovakia, and London as the top five regions with the highest number of fastest growing companies in Europe. Four Finovate alums landed on Inc.’s Europe list this year:

True Potential

  • Rank: 900
  • 2015 revenue: $52.6 million (€44.9 million)
  • 3-year growth: 6.9x
  • Founded 2010
  • Employees: 29

True Potential demonstrated impulseSave at FinovateFall 2014

Zopa

  • Rank: 909
  • 2015 revenue: $32.9 million (€28.1 million)
  • 3-year growth: 6.9x
  • Founded: 2004
  • Employees: 111

Zopa showcased its P2P lending platform at FinovateSpring 2008.

Fidor Bank AG

  • Rank: 4413
  • 2015 revenue: $35.5 million (€30.3 million)
  • 3-year growth: 2x
  • Employees: 148

At FinovateEurope 2011, Fidor Bank demonstrated its Fidor Pay account.

Truphone

  • Rank: 4183
  • 2015 revenue: $42.9 million (€36.6 million)
  • 3-year growth: 2.9x
  • Founded: 2001
  • Employees: 522

Truphone showed off Truphone Mobile Recording at FinovateEurope 2014.

*Other qualifying criteria include

  • Have started earning revenue by March 31st, 2013
  • Had revenue no less than $100,000 in 2013
  • Had revenue no less than $2,000,000 in 2016
  • Revenue in 2016 exceeds revenue in 2013

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Cardlytics Closes $12 Million Round

Cardlytics Closes $12 Million Round
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Funding

Card-linked offers company Cardlytics has raised $12 million, according to an SEC filing and a report from BizJournals, which reported the round was led by a new, strategic investor with contributions from existing investors. The name of the strategic investor was not disclosed. This round brings Cardlytics’ total funding to $200 million.

Atlanta-based Cardlytics was founded in 2008. The company’s first product was a card-linked offers solution, Cardlytics Direct. This flagship product allows financial institutions to provide merchant-funded rewards within its online or mobile banking application to boost customer loyalty. Almost 10 years later, big-name financial institutions such as Bank of America, PNC, MasterCard, and Fiserv use Cardlytics Direct.

The hype of card-linked offers peaked around 2012, and Cardlytics appears to have undergone a bit of restructuring since then. In April of 2016, the company laid off 15 percent of its workforce and while there is still demand for consumer rewards, the company’s attention has expanded to capitalizing on the data gathered from consumer interactions. In 2016, Cardlytics began leveraging the wealth of consumer spend data, launching Platform Solutions for retailers and marketers to gain insights on consumer spending behavior and optimize marketing strategies.

Cardlytics demoed its geolocation application at FinovateFall 2013. Scott Grimes is CEO and cofounder.

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Finovate Alumni News

By David Penn Posted on
Categories: ayondo, Cardlytics, IBM, InComm, P2BInvestor, Plaid, Proactive Budget, ProfitStars, Prosper, Ripple, Student Loan Genius, Temenos, TradeHero, Twilio

On Finovate.com

  • P2Binvestor Scoops Up More Than $7 Million in New Funding.
  • Ahead of Anticipated IPO, ayondo Acquires TradeHero.

Around the web

  • IBM introduces blockchain-based KYC project with Singapore’s KYCK!
  • Cardlytics adds Peter Gleason as president of international operations.
  • Jordan Ahli Bank goes live with T24 core banking system from Temenos.
  • Let’s Talk Payments features Ripple and Plaid in roundup of “startups to support your startup.”
  • Ben Brandt of Retirement Starts Today Radio interviews ProActive Budget.
  • ProfitStars announces RemitPlus Express, a remittance solution.
  • InComm collaborates with CVV+ to reduce payment card fraud.
  • Student Loan Genius powers student-loan benefits for employees of Pinterest, Twilio and Spredfast.
  • Prosper names Chief Executive Officer David Kimball.

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: Boku, Cardlytics, GoodData, Jack Henry, NCR Corporation, NuData Security, Q2, Taulia, Top Image Systems, Tradeshift, WorldPay

On Finovate.com

  • Boku Lands $13.75 Million in Venture Funding

Around the web

  • Tradeshift, Taulia, and GoodData earn spots on Battery Ventures/Glassdoor’s “50 Highest Rated Private Cloud Companies to Work For” roster. See GoodData next week at FinovateFall in New York.
  • Sesloc FCU picks Symitar Episys core system from Jack Henry & Associates for in-house processing.
  • Q2 announces redesign of its corporate website.
  • First Annapolis interviews Cardlytics CEO Scott Grimes, co-founder.
  • NCR honored by 2016 Industrial Design Excellence Awards.
  • NuData Security Included in Industry Analyst Reports by Gartner for Fraud Detection
  • Top Image Systems names Brendan Reidy CEO.
  • Worldpay renews Ingenico terminal contract.

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: CardFlight, Cardlytics, Larky, Revolut, Temenos

On Finovate.com

  • “CardFlight Adds Global Payments as EMV Processor”
  • “Revolut Receives FCA License, Announces $1 Billion Annual Run Rate”

Around the web

  • Drawbridge to use Cardlytics’ purchase intelligence to measure the purchase impact of campaigns.
  • Bank of Montreal Asia Pacific selects Temenos as core banking provider.
  • Larky adds Sunshine Coast Credit Union, its first foray into Canada.

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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Cardlytics Launches Syndicated Audiences

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics

CardlyticsHomepage

Consumer-purchase intelligence company Cardlytics launched Syndicated Audiences to help marketers identify and reach their target audience. This is the second product rollout in the Atlanta-based company’s Product Solutions suite, which we covered earlier this year.

The new tool draws purchasing data from $1.5 trillion in consumer credit, debit, ACH, and billpay spend to go beyond identifying consumers by demographic to identify how they spend.

Cardlytics CMO Dani Cushion describes the impetus behind the new offering:

Marketers want better tools to help them more precisely reach the right consumers. We believe past purchases are the best indicator of future purchases, and Cardlytics’ Syndicated Audiences uses our proprietary purchase intelligence to help marketers improve the targeting accuracy of their campaigns.

Syndicated Audiences will originally focus on category buyers such as casual dining customers, frequent travelers and specialty grocery shoppers. Combined with Cardlytics’ Custom Audiences product, marketers can use Syndicated Audiences to segment audiences based on complex criteria, for example, consumers who spend with a brand’s top three competitors.

According to Media Post, Syndicated Audiences has launched with its first demand-side platform partner, The Trade Desk, and more partnerships are in the works.

Cardlytics demoed its geolocation application at FinovateFall 2013.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Boku, Cardlytics, Chain.com, Corezoid, Infosys, Kasasa, Lending Club, PayPal, Pendo Systems, PrivatBank, Tyfone, Venmo, Xignite

On Finovate.com

  • “Cardlytics Launches Syndicated Audiences”

On FinDEVr.com

  • Chain Launches Open Source Blockchain Protocol.

Around the web

  • ReadWrite features Tyfone’s launch of a new challenge at MIT focused on Internet of Things (IoT) security.
  • “Lending Club CEO Renaud Laplanche Receives Tribeca Disruptive Innovation Award”
  • Cointelegraph interviews Alexander Vityaz, founder of Corezoid and head of e-commerce at PrivatBank.
  • PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year.
  • Infosys Finacle teams up with Samsung SDS to give mobile banking customers better authentication technology.
  • A look at APIs in the robo-adviser industry by Bank Innovation underscores the role played by Xignite.
  • “Kasasa Wins Multiple Hermes Creative Awards”
  • Pendo Systems unveils version 3.1 of its data exploration, discovery, and analysis platform.

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: Aerospike, Betterment, Bitbond, CardLinX, Cardlytics, Coinalytics, Holvi, Insuritas, Interactions, NCR Corporation, Obloco, Polly Portfolio, Quid, RaceData, Skry, ThreatMetrix, TransferWise, VIX Verify, Wealthfront, Zooz

On Finovate.com

  • “Cachet Financial Solutions to Power Mobile Account Opening for PAYTOO”
  • “First Data’s Clover Launches Ecommerce Solution”

On FinDEVr.com

  • “Beyond the Bitcoin BlockChain: Coinalytics is Now Skry”

Around the web

  • Interactions partners with Arise Virtual Solutions to bring virtual assistant technology to customer care.
  • Aerospike releases version 3.8 of its database server.
  • TransferWise opens its remittance service to the U.S./Mexico regions.
  • Wealth Professional features Betterment and Wealthfront in a column on roboadvisers.
  • ThreatMetrix Updates Smart Analytics Platform.
  • “SITO Mobile Partners with Cardlytics to Power Mobile Ad Campaigns with Purchase Intelligence”
  • Bitbond joins SME Finance Forum.
  • Insuritas to power insurance agency solution for Inspire Federal Credit Union.

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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Cardlytics Takes Advantage of its Massive Amount of Customer Spend Data

Cardlytics Takes Advantage of its Massive Amount of Customer Spend Data
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics

CardlyticsHomepage

Cardlytics, a company that harnesses the power of customer purchase data, has introduced the first major product outside of its flagship native banking channel, Cardlytics Direct.

Dubbed Platform Solutions, the new offering is decidedly more creative than the product name itself and is broken down into three services:

  1. Cardlytics Audiences:
    Targets customers using campaigns across a variety of media types that leverage past purchase data to predict future spending behavior.
  2. Cardlytics Measurement:
    Helps marketers measure and optimize marketing strategies by using actual customer purchase data across 1500 financial institutions.
  3. Cardlytics Insights:
    Helps businesses understand customer spending behavior across all brands to help make strategic business decisions pertaining to marketing, merchandising, real estate, etc.

The Atlanta-based company got its start with a card-linked offers solution, Cardlytics Direct. This flagship product allows financial institutions to provide merchant-funded rewards within its online or mobile banking application to boost customer loyalty. Big-name financial institutions such as Bank of America, PNC, MasterCard, and Fiserv are already using Cardlytics Direct.

While Cardlytics is primarily promoting Platform Solutions to retailers and marketing agents, the company also sees opportunity for financial services to use the new offering, stating on its website:

“Whether banks want to leverage Cardlytics Direct to provide a rewards-based loyalty solution, or they want to use Cardlytics Platform Solutions to improve their marketing of other bank products and services, Cardlytics can help.”

Cardlytics has been using customer spend data for a few years already (watch the company’s FinovateFall 2013 demo), but today’s launch is the first focused product offering leveraging customer data.

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Finovate Alumni News

By David Penn Posted on
Categories: Cardlytics, Check Point, Encap, Ethoca, i-exceed, Linkable Networks, Moven, Ripple, Signifyd, Spreedly, Taulia, Temenos, TIO Networks, TSYS, Xendpay

On Finovate.com

  • “Spreedly Secures $3 Million Financing Round”
  • “Xendpay Brings its Money Transfer Service to Tanzania, Burkina Faso”
  • “Cardlytics Takes Advantage of its Massive Amount of Customer Spend Data”

Around the web

  • Encap Security unveils version 3.1 of its Smarter Authentication platform, including support for Android fingerprint API.
  • Canada’s digital-first EQ Bank goes live with RetailSuite from Temenos.
  • TSYS and Ethoca team up to fight CNP fraud with the TSYS Transaction Recovery Network.
  • i-exceed technologies earns recognition in Gartner’s 2016 look at MADP vendors around the world. See i-exceed at FinDEVr 2016 in New York in March.
  • WSJ builds article on Cardlytics data.
  • Pymnts highlights cost savings from using the Ripple network.
  • Payments Source features Linkable Networks.
  • Signifyd extends integration with Shopify Plus.
  • Moven partners with Freelancers Union.
  • Check Point and IBM Security to share threat intelligence, announce product integrations.
  • TIO Networks ranks 2nd in top 10 tech companies on the 2016 TSX Venture 50.
  • Taulia launches global partner community, announces new partnerships.

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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