Finovate Alumni News

On Finovate.com

  • MaxMyInterest Unveils High Yield Account Max Checking.

Around the web

  • Finastra announces two new apps built via its FusionFabric.cloud open development platform.
  • Fiserv inks partnership with DUCA Financial Services Credit Union, a Toronto, Ontario, Canada-based institution with more than 70,000 members.
  • Ripple’s “acqui-hiring” of the engineering team from Icelandic crypto trading company Algrim helps pave the way for its entry to the country.
  • Flywire and JCB International partner to allow select cardholders to use their JCB card to pay tuition.
  • More than 60 lenders join the CrediVia marketplace to source commercial loans.
  • Bill.com now facilitates payments in more than 130 countries and 100+ currencies.
  • Dwolla partners with TransferMate Global Payments to allow customers and their end users the ability to make and receive international payments.
  • Quadient parent company Neopost changes its name to Quadient.
  • InComm partners with Mizuho Bank to expand J-Coin Pay in Japan.

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.

Switzerland’s CREALOGIX Gets SaaS-y

Swiss digital banking software provider, CREALOGIX, is moving from its traditional initial license to a Software-as-a-Service (SaaS) model, reports Jane Connolly of Fintech Futures (Finovate’s sister publication).

Although the intended transition has resulted in a drop in profitability of just over $5 million (CHF 5 million), sales have increased by 17% to exceed $101.5 million (CHF 100 million) for the first time.

Reporting preliminary results for the 2018/19 financial year, CREALOGIX states that the move to a SaaS-based, multi-year subscription model will result in greater revenue stability and sustained profitability increases in the long term.

The company believes that it will see solid cashflow levels and double-digit EBITDA margins from 2020/21 onwards. CREALOGIX notes that the continuing uncertainty around Brexit has had a pronounced negative impact on the UK business.

Recent new deals for the company have included agreements with Hampden & Co, LGT Vestra and MeDirect.

Founded in 1996 and headquartered in Zurich, Switzerland, CREALOGIX demonstrated its TimeWarp solution at FinovateEurope 2019, winning Best of Show. TimeWarp enables banking customers to run simulations of various scenarios in their financial lives to better understand how today’s decisions are mostly likely to affect financial outcomes.

Finovate Alumni News

On Finovate.com

  • Switzerland’s CREALOGIX Gets SaaSy.
  • King Klarna: New Investment Boosts Valuation to $5.5 Billion.
  • LendingClub Unveils Select Plus for Sophisticated Investors.

Around the web

  • Israel’s third largest bank Mizrahi-Tefahot to deploy core banking technology from Temenos.
  • Experian reports surging interest in Open Banking, with the number of API requests made in the U.K. growing by more than 2x since February.
  • Russia’s Tinkoff Bank to sell the speech recognition technology behind its Oleg chatbot to corporate customers.
  • LeapXpert earns spot in 2019 FinTech Innovation Lab Asia-Pacific.
  • Mortgage Cadence enhances data verification, fraud prevention and compliance with integration of DataVerify to its Enterprise Lending Center.
  • AT&T launches new bug bounty program in partnership with HackerOne.
  • Jumio takes gold in the Security Software category of the 2019 IT World Awards.
  • Lendio tops $1.5 billion in small business loans financed.
  • Ondot introduces Transaction Intelligence to make it easier for consumers to recognize purchases.

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

  • Grayscale Selects Coinbase to Store Crypto Assets

Around the web

  • Bobsguide awards Taulia partnership award for its alliance with NHS Business Services.
  • Tuition.io powers student loan repayment for Montefiore St. Luke’s Cornwall.
  • CREALOGIX records over $101 million (CHF 100 million) in sales for the first time.

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

  • Xignite to Power WealthSimple’s New Stock Trading App.
  • Kony Secures $37 Million in Financing from BMO.
  • Sezzle Raises $30 Million in IPO.
  • Vymo Reels in $18 Million for its Intelligent Sales Assistant.

Around the web

  • Deal sealed: Fiserv completes acquisition of First Data.
  • Visa announces strategic partnership with SME banking service Open.
  • eToro enables retail customers to invest in drone technology via its latest portfolio.
  • iGTB to enhance trade finance operations for two Raiffeisen banks, Niederosterreich-Wien and Landesbank Steiermark.
  • CREALOGIX to power new consumer digital investment platform from MeDirect Group.
  • JP Morgan Chase ends loan origination partnership with OnDeck.
  • ThetaRay brings on Idan Keret as Chief Customer Success Officer.
  • GreenDot offers customers 3% cash back on online and in-app purchases and a savings account paying 3% APY.
  • Fintech Finance interviews Olga Feldmeier, Smart Valor CEO.
  • Redrock Biometrics secures a perfect score in Level 1 Presentation Attack Detection confirmation testing by iBeta.
  • SpyCloud expands into Europe, the Middle East, and Africa.

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

  • New partnership between Starling Bank and SumUp to provide faster settlement to U.K. merchants.
  • ACI Worldwide unveils its strong customer authentication (SCA) toolbox.
  • Payoneer announces deal with Indian payments processing firm Paytabs.
  • Launchfire’s Lemonade named to 2019 Top Training Companies roster for gamification companies.
  • GoodFirms features bpm’ online among its list of top business process management (BPM) software providers.
  • Insuritas to power digital insurance agency for Marquette Bank.
  • Herald Extra highlights Lendio’s role as a “matchmaker” for small business lending.
  • Flybits to open a New York office in the city’s financial technology hub.
  • W.UP now a member of Five DegreesOpen Banking Marketplace.
  • Personetics opens R&D center in Nazareth.
  • Nvstr earns a spot in the Financial Venture Studio’s incoming cohort.
  • CREALOGIX introduces new Chief Financial Officer Daniel Bader.

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

  • Best of Show Winner Banzai Teams Up with GreenPath to Boost Financial Literacy.
  • Digital Onboarding to Boost Customer Engagement for Manatee Community FCU.
  • Finovate Global: Settle Launches Mobile App in Croatia; Sr. Pago Partners with American Express.

Around the web

  • Mastercard acquires global payments firm Transfast.
  • Chatbots.Studio partners with Digital Flex Solution to become their first technical partner and adviser. Check out Chatbots.Studio at FinovateFall in September!
  • CREALOGIX wins Best Wealth Management User Interface at the 2019 Systems in the City Financial Technology Awards.
  • Sports Business Daily interviews Everfi Head of Global Partnerships Jon Chapman.
  • HackerOne achieves ISO 27001 certification.
  • Gartner’s 2019 Market Guide for In-App Protection recognizes Jscrambler for its client-side security technology.
  • Ping Identity earns Best Identity Management Solution honors at the 2019 SC Awards Europe.

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.

CREALOGIX Adds New Mobile Functionality to LGT Vestra’s Digital App

U.K.-based wealth management firm, LGT Vestra, has selected Swiss-headquartered digital banking software provider, CREALOGIX, to develop new mobile capabilities to enhance the digital experience for their high-net-worth clients, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

LGT Vestra offers investment management and wealth planning services and, as at April 2019, manages over £12.7 billion in assets.

The firm is adding new mobile functionality to enhance digital services for their high-net-worth clients. The app will enable LGT Vestra clients to easily access their account and portfolio information, providing an efficient digital experience which will enhance client engagement.

Ben Snee, CEO of LGT Vestra, said: “Developing new digital and mobile capabilities with Crealogix will increase accessibility and efficiencies, which will benefit our client experience.”

David Joyce, senior vice president of CREALOGIX UK, said: “A well-designed digital wealth management platform increases engagement, trust, and loyalty among private clients, while leveraging the capabilities of the firm’s investment and advisory expertise.”

Founded in 1996, CREALOGIX demonstrated its TimeWarp application at FinovateEurope earlier this year. The company took home a Best of Show award for its user-friendly, self-service financial planing and insights solution.

Finovate Alumni News

On Finovate.com

  • NuData Security Gets a New CEO in Christopher Bailey.
  • CREALOGIX Adds New Mobile Functionality to LGT Vestra’s Digital App.

Around the web

  • Finastra announces partnership with intelligent automation software provider Xceptor.
  • PayPal launches new debit card for U.K. customers.
  • Revolut goes live with support for Apple Pay in 12 additional countries in Europe.
  • TransferWise unveils its borderless account in the U.S.
  • Salt Edge announces integrations with more than 200 banks across Europe.
  • CardFlight offers Level 2 credit card processing support for SwipeSimple.

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

  • MX Picks Up $100 Million in New Funding.
  • Ocrolus Reels in $24 Million Investment.

Around the web

  • CREALOGIX to power new digital and mobile capabilities for LGT Vestra’s wealth management app and client portal.
  • Strands announces achieving ISO 27001 certification in all offices.
  • Horizon Investments to implement Fiserv’s Unified Wealth Platform for core portfolio management.
  • Personetics announces that users of Salesforce and Microsoft CRM platforms will be able to access the company’s data-driven actionable insights via new APIs.
  • Diebold Nixdorf launches a new series of self-service, digitally-connected ATMs.
  • NetGuardians appoints Swissquote co-founder Paolo Buzzi to its board of directors.

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.