Finovate Alumni News


  • KPMG Acquires Minority Stake in Alternative Credit Scoring Specialist, AdviceRobo.
  • Thinking Capital, National Bank Expand Funding Options for Canada’s SMEs.

Around the web

  • Australia’s business bank Tyro to offer flexible same-day settlement and payroll integration courtesy of a partnership with Xero.
  • Spreedly unveils latest version of its Account Updater solution.
  • Dwolla discontinues its last branded solution Transfer; pivots to focus on Dwolla Platform, the company’s white-label API.
  • Klarna to acquire Close Brothers Retail Finance (CBRF).
  • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.
  • WorkFusion launches Partner Portal to support rise in AI-driven automation engagements.
  • Solna launches its intelligent invoicing tool powered by credit score data.
  • Personal Capital Promotes Craig Birk to Chief Investment Officer.
  • Moody’s Analytics partners with Cortera on a small business solution.
  • Arxan launches advanced protection for client-side eeb apps.
  • Checkbook celebrates topping two million user milestone.

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

Around the web

  • ACI Worldwide supports cross-border e-commerce in Brazil with integration of payment processor and gateway, PagBrasil.
  • Revolut is the latest fintech to apply for a European banking license.
  • Fenergo teams up with Opus to improve integration of risk-relevant information in the KYC process.
  • KAMCO Investment Company chooses Fusion Invest from Finastra to accelerate growth.
  • Bluefin Payment Systems unveils PCI P2PE sub-listing option for users of its Decryptions as a Service (DaaS) offering, Decryptx.
  • Ping Identity adds support for companies seeking PSD2, open banking compliance.
  • Trustly tops €10 billion in total payment processing volume since inception.
  • Q2 Holdings named to Deloitte Technology Fast 500 for second consecutive year.
  • Stratumn completes a blockchain experimentation connecting 14 insurance companies in France.
  • nCino debuts in top half of Deloitte’s 2017 Technology Fast 500.
  • Scalable Capital hits €500 million in assets.
  • disrupts class action payments.
  • Compass Plus assists Almazergienbank to support the issuing and acquiring of JCB cards.
  • NetGuardians and Swisscom launch fraud prevention service.

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


  • 12 Alums Earn Their Place on Inc. 5000 List
  • LendingRobot and NSR Invest to Form Biggest Robo Advisor in Marketplace Lending

Around the web

  • Arxan Technologies takes home the bronze in 9th Annual 2017 Golden Bridge Awards for Innovation in Technology.
  • The American Genius profiles
  • TSYS enters agreement to become official payment processor of the National Golf Course Owners Association.
  • Tyfone joins JLR incubator to boost its involvement in the auto industry
  • Actiance announces general availability of Vantage 2017.

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.

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October 2016 in Santa Clara. Register today and save.


  • From the Tech Side: Interview with CTO PJ Gupta

The latest from FinDEVr New York 2016 presenters

  • Q2 Leverages MX Technology to Launch Contextual PFM
  • France’s Groupe BPCE Acquires Munich-based Fidor Bank
  • Venmo named a Breakthrough Brand on Interbrand’s 2016 report

Alumni updates

  • Pennsylvania State Employees CU implement account origination module from Temenos.
  • Envestnet | Yodlee Forges Strategic Partnership with United Capital
  • Token opens new London office.
  • Trulioo earns top honors for ID verification in 2016 Global RegTech report.
  • PC Magazine labels Xero the fastest accounting-software innovator.
  • Entersekt to bring its 2FA technology, Transakt, to Nigeria via partnership with First Authentication Services Ltd (FASL).

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

From the Tech Side: Interview with CTO PJ Gupta


Ever wonder what’s on the other side of some of the fintech we showcase on the Finovate blog? That’s the entire premise of our FinDEVr conference series. To get an idea of what I’m talking about, check out this interview from PJ Gupta, CTO and founder of

We recently interviewed Gupta, who founded in 2014, about the company’s digital check platform. You can try out a digital check at

Finovate: Where did you start your career and how did you gain experience needed to found Checkbook?

PJ: My most recent corporate role was Chief Network Architect at VISA, where I was responsible for the VISA USA commercial and corporate network. From the outside, the VISA network works seamlessly; however, on the inside, the payments ecosystem is very inefficient, both from a business as well as technology perspective. Things move slowly at large established bureaucracies—while fundamental changes always come from the outside—so I decided to leave my cushy job to venture out on my own.

Finovate: What has been the most important technological development in your field in the past few years, and how has it impacted/influenced your work at Checkbook?

PJ: There have been quite a few, but I would say that the two key tech developments for our work at Checkbook are:
Access to bank APIs which allow us to verify bank account credentials and balances in real-time
Ability to use front-end technologies (i.e., tokenization) to seamlessly complete a payment transaction without payment information having to be shared with the merchant’s web servers.


Finovate: What is the most difficult aspect of Checkbook from a compliance standpoint and how do you simplify it for developers and merchant clients?

PJ: Our API has tokenization built into it, so that whether accepting a payment or making one, the user’s sensitive payment information is not shared with the merchant. This allows the merchant to bypass compliance altogether. Furthermore, we are audited and maintain compliance on our side thus reducing the compliance burden for our developers/merchants.

Finovate: Tell us about your favorite integration of Checkbook’s API.

PJ: We have numerous integrations of our API, so it’s hard to give you just one example. Here are a handful of my favorites:

A) We have an Accounts Receivable plug-in available for Shopping Cart platforms, and other private-label applications. Below, you’ll see a screenshot of one of our corporate customers who uses our APIs to receive payment from their shopping cart (in this case they use WooCommerce/Word Press).CHeckbookIMG3
B) Cleanly, which is the ‘Uber’ of dry cleaning, is another one of our clients that uses our Direct API. Cleanly uses it to support both accounts receivable and accounts payable to their contractors/workers. Here is a testimonial from them:

“Checkbook has been a huge help for us in providing a scalable solution for sending out payments with an elegant look, easy integration, and one-click payments. It is by far the most cost-effective and easiest way to get payments taken care of, whether you’re reimbursing customers or paying vendors. We’re happy we made the switch.”
– Alex Prober, VP Engineering

C) Another client,, was able to easily integrate our iframe for accounts receivable using less than 10 lines of code.

D) We are integrated with Quickbooks, which allows business customers to send digital checks through their QB account with the click of a button. Check out the integration video.

E) We also support accounts payable with SalesForce’s Accounting Seed, where our UI/UX is especially user-centric. Furthermore, we have been able to work closely with their product team to make further enhancements (like invoice reconciliation). Check out the integration video.

Finovate: How do you respond to people who claim that checks are dead?

PJ: Completely agree. Paper checks are dead. They are inefficient, slow, and very costly; however, there is no alternative available. ACH has multiple issues namely: payee/payor bank account verification, 3-day settlement delay and not all DDA accounts are ACH enabled. Using our digital checks obviates all of the above problems while also offering a modern user experience that people expect nowadays.


Finovate: What are some upcoming initiatives from Checkbook that we can look forward to over the next few months?

PJ: Think of seamless integrations with major accounting packages. If you’re a user of one of these packages, your bank account will already be verified so you’ll be able to send a digital check with a single click, and the recipient will get it delivered instantly by email. And the next step would be going international!

Finovate: Aside from the major players, what company do you admire for its approach to technology?

PJ: I like the upstarts. is a very early stage startup that has a cute business model and simple problem to solve. It has a browser plugin which allows the user to pay using a disposable credit card number and they, in turn, withdraw money from the user’s account. The business model is interesting because they share the interchange with the issuer. I don’t know how successful it’ll be, but it’s good to see startups coming up with completely new ways to solve persistent problems.

Finovate: What do developers love most about Checkbook’s API?

PJ: To describe this in two words: simplicity and versatility, illustrated by our flexibility in doing the following:

1. Using for A/P and/or A/R

2. Sending one check or a million with the click of a button

3. Using’s APIs for shopping cart integration

4. Using infrastructure as a private-label solution for your payroll needs

5. Sending digital checks through your existing accounting software platform like Quickbooks (integration video) and AccountingSeed (integration video)

For more information on Checkbook, visit the company’s Facebook page, follow them on Twitter, and watch PJ Gupta’s FinDEVr Silicon Valley presentation, API for Digital Checks.

For more developer content, check out FinDEVr Silicon Valley this 18/19 October 2016 in Santa Clara.

Finovate Alumni News


  • Quantopian Receives Undisclosed Amount from Steve Cohen’s Point72


  • Venmo Enables Payments in Merchant Apps

Around the web

  • Kontomatik introduces Financial Health Indicator for small- and medium-sized lenders.
  • Venmo’s in-app payments technology emerges from beta.
  • Kantox processed $100 million in transactions in the six months since the debut of its API.
  • Kony launches MobileFabric, which features a model-driven approach to mobile app development using microservices.
  • American Banker’s Association features results from banks using Fiserv, Buzz Points and Larky for customer loyalty and rewards.

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.


FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

  • Emirates NBD Group and the Open Bank Project launch a global competition for fintech startups.

The latest from upcoming FinDEVr New York 2015 presenters:a

  • Markit to deploy smart automation technology from WorkFusion.
  • Nerdwallet profiles robo-advisor Betterment.

Alumni updates

  • Spreedly secures $3 million financing round.

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

FinDEVr Live: Checkbook Introduces API for Digital Checks

Checkbook_homepage_FinDEVr2015 | @checkbookio

Checkbookio_FinDEVr2015_logo2Businesses and individuals are still writing paper checks. Checkbook is solving the problem of paper checks by introducing digital checks. The company has built a way for individuals/businesses to send and receive digital checks without the need for signing up.

Checkbook’s API provides merchants with a way to accept digital checks on their websites with a couple lines of code. Digital checks can do real-time balance verification, thus minimizing NSF risk present in ACH. We charge a flat fee of $1 per check or less for businesses, and it’s free for individuals.

API for digital checks
Our presentation will show both a business and an individual sending a digital check using a browser. It will be an end-to-end experience with the beneficiary receiving and depositing the check.

Additionally, we will demo a site using our API to receive digital checks and go over the API integration.

Key takeaways:

  • Digital checks
  • API for digital checks
  • UI/UX for digital checks



PJ Gupta, Founder
LinkedIn |

Gupta is a techie with an entrepreneurial spirit who lives and breathes payments. He is the former chief network architect at VISA.

Tim Kay, Technical Staff
LinkedIn |

Kay built—all by himself, before it was easy—a check-printing system to solve the problem of paper checks. He holds a doctorate in computer science from Caltech.