Finovate Alumni News

On Finovate.com

  • Sentifi Secures Top Honors at Swisscom Startup Challenge 2018.
  • Shoeboxed Acquired by Earth Class Mail.

Around the web

  • Revolut introduces metal card with crypto cash back.
  • Wisconsin-based Unity Bank will leverage technology from Finastra to streamline commercial and consumer lending processes.
  • Fiserv announces addition of step-up authentication and identity verification to fight call center fraud.
  • Insuritas announces partnership with Androscoggin Bank to launch digitally-powered insurance agency.
  • Baker Hill expands client base, moves to new office.
  • Crypterium to let Australian citizens pay bills and make bank transfers with crypto. Come check out Crypterium at FinovateFall next month.
  • InComm Celebrates 10 Years in the Asia-Pacific Region.
  • National Association of Credit Union Services Organizations accepts Kony as a Gold Partner.
  • Payroll in Xero launches encryption for UK payslip PDFs.

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

  • Moneyhub Expands Platform with Payment Initiation Services.
  • Holvi Helps Uber Drivers Manage Finances with New Partnership.
  • Identitii to Raise $11 Million in ASX’s Latest Blockchain IPO.

Around the web

  • NICE partners with Cloud9 Technologies to combine compliance recording and cloud-based voice trading.
  • AlphaPoint earns Best Distributed Ledger Technology Provider by the 2018 Waters Rankings.
  • Prosper reports more than $13 billion loans originated since inception.
  • Xero unveils the finalists of its 2018 Xero Awards.
  • New partnership with Envestnet will make Allianz Life annuity products available on Envestment’s insurance exchange.
  • Bitcoin News features Crypterium. Come see their live demo at FinovateFall next month.
  • QuickBridge partners with Lendio for its Turndown lending program.
  • Temenos and AUC Venture Lab team up to accelerate fintech innovation in Egypt.

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.

Crypterium Releases Crypto-Fiat Solution

Crypterium, a company that turns cryptocurrencies into fiat money, launched an update to its first crypto-fiat solution today with a tool that allows users to top up their mobile phone balance.

The company’s mobile app, which launched in the Apple App and Google Play stores in March, aims to leverage existing in-store payment infrastructure, such as NFC terminals and QR code readers, to allow users to make instant payments in cryptocurrency with their smartphone. The company sees today’s development as a first step in that direction; it allows the nearly 3.5 billion prepaid mobile users across the globe to use their bitcoin balance to instantly top-up the balance on their mobile phone account.

To top up their account, consumers open the Crypterium app, enter their phone number, select the amount, and pay with bitcoin. The payment clears as soon as the bitcoin transaction settles. Users can also top up phone accounts of friends and family across the globe.

Because this is the first Crypterium app feature to implement a crypto-fiat solution, it is also the first to use Crypterium’s CRPT token, a cryptocurrency that is used as a fee payment device for transactions. The company describes CRPT as the “fuel required to power each transaction.” For each crypto-fiat payment, Crypterium’s smart contract technology charges 0.5% of the transaction value in CRPT.

Crypterium is headquartered in Estonia and first listed its CRPT tokens on the HitBTC exchange in March. In May, the company appointed former CEO of Visa U.K., Marc O’Brien, as CEO. In addition to unveiling its newest offering at FinovateFall next month, Crypterium also plans to release its first IBAN solution, NFC payment solution, and release new crypto-fiat capabilities.

Finovate Alumni News

On Finovate.com

  • Zopa Raises More than $57 Million to Support Next Generation Bank.
  • Mitek Helps Bring Mobile Deposit to Credit Unions.
  • Crypterium Releases Crypto-Fiat Solution.

Around the web

  • Sberbank Group CTO David Rafalovsky selected to lead Sberbank’s Technology Block.
  • BlueRush announces new Chief Financial Officer, Dave Badun.
  • Thomson Reuters adds Dealerweb and Icap pricing to its Reuters Capital Markets 19901 service.
  • MEDICI features Ayasdi, Feedzai, FixNix, IdentityMind Global, BehavioSec, and identitii in its roster of top RegTech startups.
  • Bankjoy to power mobile and online banking for Marshland 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.