Finovate Alumni News

On Finovate.com

  • Capital Bank of Jordan Selects Backbase for Digital Transformation.
  • StockTwits Launches Free Online Trading.

Around the web

  • Validis’ DataShare to integrate with Baker Hill NextGen.
  • Insuritas partners with Nymeo FCU to launch digital insurance agency.
  • SGX orders Ayondo to shelve planned disposal of unit.
  • TechCrunch reports: Coinbase launches in 11 countries with crypto-to-crypto conversions.
  • Jack Henry & Associates recognized on Forbes’ America’s Best Employers List for third consecutive year.
  • Flywire integrates with TRUE North to connect the application, enrollment and cross-border payment and receivables processes to bring transparency to education payments.

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

  • Virtual Card Platform Extend Raises $11 Million. See the company demo its technology live at FinovateSpring in San Francisco in May.
  • PayStand Unveils Automated Receivables Product.

Around the web

  • Lendio franchise opens in Phoenix.
  • Check Point partners with Google’s Cloud Identity to improve zero trust cloud access.
  • Coinbase introduces crypto Visa debit card for U.K. customers via partnership with Apto Payments.
  • Sberbank acquires majority stake in biometrics company Speech Technology Center.
  • Aite Group recognizes Featurespace as “Best in Class” in its latest report on fraud and advanced machine learning platform vendors.

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

  • Nordigen, Sensibill Earn Spots in Fintech Europe’s Incoming Cohort.
  • Jumio Unveils Automated AML Screening Solution.
  • Community Access from Urban FT Brings Digital Tools to Small Banks.

Around the web

  • PayPal teams up with JP Morgan Chase to offer instant transfer option.
  • Coinbase’s Custody service completes its first over-the-counter trade directly from offline storage.
  • HackerOne announces detecting vulnerabilities in up to 43 digital asset projects.
  • Ping Identity wins the DeveloperWeek 2019 Devies Award and the Info Security Global Excellence Award.
  • The Paypers interviews Modo CEO and founder Bruce Parker.

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

  • ZagTrader and BeQuant Team Up to Help Institutions Go Crypto.
  • Best of Show Winner Finn AI Partners with IDaaS Firm AuthO.

Around the web

  • Accenture and nCino partner to better serve FIs in the Asia-Pacific and EMEA regions.
  • Insuritas teams up with Iowa’s Peoples Bank ($332 million in assets) to launch bank-owned digital insurance agency.
  • NCR selects former FIS executive Douglas Brown as its new General Manager for Digital Banking in its Banking Business unit.
  • Payoneer launches expansion of its Capital Advance working capital offering for online merchants.
  • Fenergo introduces James Follette as new Global Head of Commercial and Retail Banking.

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.

Coinbase Acquires Blockchain Intelligence Platform Neutrino

Crypto exchange Coinbase is in a buying mood again with the acquisition of Milan-based blockchain intelligence platform Neutrino, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).

Financial details were not disclosed.

According to Coinbase, blockchain intelligence is “increasingly important” in the crypto ecosystem, and is “necessary to achieve our mission of bringing the open financial system to the world”.

By analyzing data on public blockchains, Neutrino’s tech will let Coinbase prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors. It will also help bring more (unspecified) cryptocurrencies and features.

For example, on its website, Neutrino offers its XFlow nSpect solution. This is developed specifically for law enforcement agencies, and provides features for criminal investigations and intelligence gathering.

Neutrino, which was founded in 2016, will continue to operate as a standalone business based out of its London office.

Meanwhile, Coinbase seems to be making good progress.

Last month, it bought Blockspring, a San Francisco-based start-up enabling data collection through APIs.

Back in August 2018, it acquired another San Francisco-based start-up – Distributed Systems – as it plans to use cryptocurrencies and blockchain for validating and verifying identity.

Coinbase demonstrated its technology at FinovateSpring 2014. With more than 20 million users and $150+ billion traded, the fintech unicorn was valued at $8 billion at the time of its last fundraise in October 2018.

Finovate Alumni News

On Finovate.com

  • Onfido Teams Up with Extended Stay Marketplace 2nd Address.
  • London’s Accountant Marketplace Capitalise Raises $4.5 Million.
  • Coinbase Acquires Blockchain Intelligence Platform Neutrino.

Around the web

  • Featurespace brings its anti-fraud technology to Singapore.
  • Revolut CEO Nik Storonsky urges UK government to provide special tech visa to ensure London’s status as a “fintech powerhouse” after Brexit.
  • Fiserv helps Kazakhstan’s Halyk Bank centralize its currency management process.
  • Bottomline Technologies partners with UMB Financial to offer Visa-powered payables solution to customers in the U.S.

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 enhances its UP Merchant Payments solution with the purchase of technology assets from RevChip and TranSend.
  • Onfido to provide identity verification for P2P RV rental marketplace, RVshare.
  • Coinbase enables transactions via PayPal to 32 countries in Europe courtesy of new collaboration.

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 Alums Shine in 2019 Forbes Fintech 50 Roster

A baker’s dozen of Finovate alums has been honored this week with spots on the 2019 Forbes Fintech 50, an annual aggregation of what the editors called “the most innovative companies in fintech.”

Here are the Finovate alums that made the cut. Read the full list.

“Recognition as a leading innovator in fintech is tremendous validation for the hard work we’ve done at Marqeta to open the industry up to the possibilities and opportunities of modern card issuing,” company CEO and founder Jason Gardner said. Marqeta is among the 20 companies to make its first appearance on the Forbes Fintech 50 roster.

Also earning their first appearances on Forbes Fintech 50 roster are New York based mobile investment platform Stash and San Francisco supply chain payments innovator Tradeshift.

“Very excited to be included in the 2019 Forbes Fintech 50!,” Stash tweeted once the news was released at the start of the week, “Monday = made.”

“We made the list!” Tradeshift tweeted this morning.

Summarizing this year’s selection of top fintechs, the editors noted that while 19 out of the 50 fintechs featured are unicorns with valuations of more than $1 billion, a nearly equal amount – 20 startups – are making their first showing on Forbes top fintech list. The two areas where newcomers were more prevalent, according to the editors, were payments technology and startups serving the un- and underbanked.

Coinbase Buys Data Enabling Startup Blockspring

Blockspring, a San Francisco-based start-up enabling data collection through APIs, has been acquired by Coinbase, the giant crypto online exchange, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

Financial details were not disclosed. Blockspring will continue to operate as an independent company and its products will continue to operate for current and new customers without changes.

Paul Katsen, co-founder of Blockspring, said the firm was attracted by Coinbase’s commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner.

Wagner was formerly part of AWS Lambda, a service that launched soon after Blockspring unveiled a tool for developers to build APIs without needing to touch any servers. Lambda made this product, to a certain extent, superfluous, and forced the firm to reconsider its strategy.

That’s when Blockspring redirected its core business to help get data from APIs into productivity tools, as the firm took advantage of the proliferation of Software-as-a-Service (SaaS) and end-user computing.

“Making the technical simple and accessible is what we’ve always been about at Blockspring,” said Katsen on the acquisition.

The firm’s products can be used for purposes such as building lists and repositories for recruitment, marketing/sales, and reporting.

Blockspring is a Y Combinator alumnus, and has so far raised $3.5 million from investors that include SV Angel and a16z, both of which are Coinbase investors.

Coinbase, which has acquired and backed companies from around the world, and seems to be aiming high after October’s $300 million raise.

Founded in 2012 and headquartered in San Francisco, California, Coinbase demonstrated its platform at FinovateSpring 2014.

Finovate Alumni News

On Finovate.com

  • Women in Fintech: “Pursuing Growth and Pursuing Profits Are Not Mutually Exclusive.”
  • New Threats, New Solutions: BioCatch Joins Anti-Vishing Fight.

Around the web

  • Clinc partners with Ford to bring voice recognition to its automobiles.
  • B2B digital marketing executive Nicky Senyard joins Voleo’s board of directors.
  • CSO Online reviews enterprise email security platform GreatHorn.
  • Coinbase offers cross-border wire transfer service to high-volume customers to help them fund their accounts.

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.