Finovate Alumni News

On Finovate.com

  • Kantox Closes $5.7 Million to Bring More Tech to FX.
  • Payfone Raises $24 Million in Round Led by TransUnion.

Around the web

  • Kony helps Amway drive digital innovation for business owners across 100 countries and territories.
  • Revolut adds 5 new currencies to the app including: MXN, SAR, RUB, HRK, and BGN.
  • Entersekt expands operations, opening second office in Cape Town.

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

  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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.

    BioCatch Teams Up with Entersekt

    A new partnership between behavioral biometrics innovator BioCatch and fintech solution provider Entersekt will help financial services companies offer more secure digital banking and payment experiences for their customers. With options like passwordless login and enhanced remote user registration, the collaboration will give clients a “one-stop-shop” for continuous and multi-factor authentication.

    Entersekt SVP for North America Sherif Samy called BioCatch’s technology “an exciting alternative” to the biometric-based security solutions already provided on its platform. “It will add value for our customers, especially in usability, by helping to determine when step-up authentication is really required and when we can safely leave the user to go about their business uninterrupted,” Samy said.

    BioCatch analyzes the interactions between users and their devices to reduce fraud and provide online identity verification. The partnership means that when BioCatch’s biometric behavioral technology identifies anomalous behavior, it sends an alert to Entersekt’s security platform for an out-of-band, multi-factor authentication (MFA) via device validation.

    “Our combined approach with Entersekt answers the call,” Avi Turgeman, BioCatch founder and CTO said of the challenge of simultaneously providing a seamless customer experience and strong online security.” The collaboration, he said, joins “(b)ehavioral biometrics as ‘who you are,’ the mobile device as ‘what you have,’ and the additional elements required to step up a transaction in real time if there is a problem.”

    BioCatch demonstrated its Passive Biometrics technology at FinovateFall 2014. Founded in 2011 and headquartered in Israel, the company announced earlier this month that it was adding touchscreen pressure to its set of behavioral biometrics. At the beginning of the year, BioCatch unveiled a new solution designed to help fight “vishing,” a form of automated push payment fraud.

    With investors including Blumberg Capital, OurCrowd, and Maverick Ventures Israel, BioCatch has raised $41.6 million in funding.

    South Africa-based Entersekt presented Securing Mobile Applications Through Transport Layer Diversity at our developers conference, FinDEVr SiliconValley in 2014. The company’s technology is deployed in 45 countries around the world, and defends 150 million transactions a month from cyberfraud.

    Last month, Samy was recognized by One World Identity (OWI) as a top influencer in the field of digital identity. Entersekt began 2019 with a number of major hires, bringing on digital identity and business development specialist Jennifer Singh, as well as adding a country manager for South Africa and a VP of engineering services.

    Finovate Alumni News

    On Finovate.com

    • eToro Buys Blockchain Company Firmo.

    Around the web

    • ING Belgium and ING Netherlands invite Minna Technologies to participate in the ING FinTech Village accelerator.
    • Tink delivers split transactions feature.
    • Pitchbook ranks OurCrowd as most active Israeli VC firm in terms of the number of deals.

    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

    • Bill.com Bans Wire Transfer Fees for Small Businesses.
    • TransferTo Rebrands as DT One and Thunes.
    • SaaS Banking Specialist Mambu Scores $34 Million in Funding.

    Around the web

    • Real Business profiles biometric authentication solution provider – and FinovateEurope Best of Show winner – iProov.
    • Artivest partners with Sudrania Fund Services to provide shadow fund accounting services for its line of mutual fund products.
    • Social investment platform Voleo is featured in the Financial Post.
    • Insuritas teams up with Truliant FCU (+$2 billion in assets) to launch digital insurance agency.
    • Entersekt SVP of North American Operations, Sherif Samy, named to One World Identity’s Top 100 Influencers in Identity roster.
    • Fenergo introduces Rules as a Service (RaaS), a cloud-based regulatory rules offering.

    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

    • Finding Fintech’s Future in Emerging Europe.
    • Vymo Joins Bangkok Bank Accelerator Program.

    Around the web

    • Temenos forges strategic collaboration with Bloomberg.
    • Optimove unveils Streams, a new solution to help measure the impact of marketing campaigns.
    • Entersekt adds digital identity and business development expert, Jennifer Singh.
    • Former head of trade and supply chain finance at Finastra David Hennah joins iGTB.

    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

    Around the web

    • Finicity CEO Steve Smith honored as a 2018 HousingWire Vanguard.
    • Ohpen launches the Ohpen API Portal (OAP) in beta.
    • PYMNTS talks with Entersekt SVP of Product Niel Bester about consumer trust.
    • Kony teams with PSECU to deliver digital banking technology.
    • Hudson River Financial FCU selects Digital Onboarding to enhance new member experience with updated onboarding

    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

    • Five Degrees Teams Up with ieDigital to Launch Digital Banking Portfolio.
    • Sezzle’s $100 Million Line of Credit to Fuel Delayed Payment Tool.

    Around the web

    • LoanScorecard unveils SimpleCECL, its solution for loan-level analyses for Current Expected Credit Loss (CECL).
    • Onfido wins 7th place in Deloitte’s 11 fastest growing tech companies in the U.K. roster.
    • OutSystems earns recognition in two categories of the 2018 Gartner Peer Insights Customers Choice reviews: Mobile App Development Platforms and Enterprise High-Productivity Application Platform as a Service (HPaPaaS).
    • Payment Ninja introduces new invoice management feature of its platform.
    • Diebold Nixdorf inks Memorandum of Understanding with Europol to boost cybersecurity knowledge sharing.
    • Entersekt announces plans to expand to Nordic region.
    • RightCapital partners with Commonwealth.
    • Onfido, Azimo, TransferWise, and Kantox earn spots on Deloitte U.K.’s Fast 50.

    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 Global: Fintech News from Around the World

    As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

    Middle East and Northern Africa

    • Personality Biometrics Specialist Neener Analytics Partners with American Express as part of Accelerate Middle East initiative.
    • Abu Dhabi Global Markets (ADGM) launches its digital sandbox.
    • Ithmaar Bank of Bahrain and Eazy Financial Services partner to launch biometric payment network.
    • Al Salam Bank Bahrain (ASBB) leverages technology from Clayton to launch new mobile banking solution.
    • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.

    Central and South Asia

    • Infosys to Acquire Fluido for $76 Million.
    • TPS and DigInc partner to support mircofinancing in Pakistan.
    • Bengaluru’s SlicePay, which provides credit to millennial consumers, announces Series A investment led by China’s FinUp Finance Technology Group.

    Latin America and the Caribbean

    • Argentina-based digital financial services startup MONI raises $4.5 million in funding. In Spanish.
    • Mexico’s much-anticipated Fintech Law goes live.
    • Euromoney profiles Brazilian data management fintech, Quod.

    Asia-Pacific

    • Vietnam Prosperity Bank (VPBank) launches its digital brand, Yolo.
    • Indonesia’s B2B marketplace Ralali raises $7 million in new funding.
    • Singapore introduces the first unified payment QR code.
    • ASEAN Financial Innovation Network (AFIN) launches its API Exchange.
    • Moka, a business payments management startup from Indonesia, picks up $24 million in round led by Sequoia India and Southeast Asia.

    Sub-Saharan Africa

    • Jumo, a fintech startup from South Africa that helps provide financing to the underbanked, raises $52 million in round led by Goldman Sachs.
    • Central Bank of Kenya to consider new regulations for the country’s digital lenders.
    • South Africa’s Click2Sure and Finovate alum Entersekt chosen to participate in AlphaCode’s accelerator program.

    Central and Eastern Europe

    • Nordigen, a credit risk assessment solution provider based in Latvia, announces $800,000 in new funding.
    • Forbes looks at the collaboration between IBM, PwC, and the Czech Republic’s Blockchain Connect Association.
    • Hackernoon makes the case for “developing your fintech solution in Poland.”
    • Which Eastern European country is making the biggest strides when it comes to innovating with blockchain technology? Bitnews Today shares its review of the region.

    Top image designed by Freepik

    Finovate Alumni News

    On Finovate.com

    • Finicity Teams Up with Capsilon to Modernize Mortgage Origination.
    • CardFlight’s New Release Adds Paper Receipt Printing, Advanced Security, and More.

    Around the web

    • iSignthis acquires core banking technology provider Probanx.
    • Entersekt taps Christian Ali as new country manager for Canada.
    • Jack Henry & Associates’ ProfitStars division unveils new online, anti-fraud monitoring and reporting technology.
    • Chris Savides named new global Chief Operating Officer at TransferTo.
    • Cortera announces partnership with Moody’s Analytics in new RiskCalc SMB solution.
    • PayNearMe powering Buildium’s Retail Cash Payments, a feature that allows residents to pay rent in cash.
    • Lendio Franchising has helped facilitate $16 million in financing to 500+ SMBs and reports a 111% percent increase in loans funded quarter over quarter.
    • Persado announces Persado for Salesforce on Salesforce AppExchange.

    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.