Finovate Alumni News

On Finovate.com

  • EVRY Wins $75 Million Contract.
  • Best of Show Winner Voleo to Help Drive Social Trading in Europe.
  • FI.SPAN Raises $4 Million for U.K. and Australia Expansion.

Around the web

  • Sberbank offers clients new strategies for investment life insurance.
  • PaySend launches transfers to bank accounts and Napas cards in Vietnam.
  • Anorak earns a spot in FinSMEs’ Top 10 U.K. Insurtech Startups to Watch in 2019 roster.
  • Intuit relaunches its redesigned ProAdvisor program in the U.S., Canada, and Australia.
  • DataSine and FinovateFall Best of Show winner Golden join the Envestnet | Yodlee Incubator’s latest cohort.
  • API platform provider for banking and insurance NDGIT announces strategic partnership with Synpulse.
  • James Finance, Ocrolus, Hydrogen, and iProov shortlisted for India FinTech Awards 2018.
  • PYMNTS highlights WePay Co-founder Rich Aberman in its latest podcast.
  • Jack Henry & Associates introduces a voice-driven consumer billpay solution.

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

  • Boku Acquires Mobile ID and Authentication Company Danal

Around the web

  • CU Broadcast interviews Larky CEO Gregg Hammerman on what credit union CEOs are prioritizing for their members’ engagement today.
  • IdentityMind protects FIs with virtual currency risk assessment.
  • 32 fintechs graduate from Envestnet | Yodlee’s incubator.
  • Token brings Open Banking to Mena region.
  • Coinbase continues to explore support for new digital assets.
  • The city of Rye, NY partners with Passport to manage parking.
  • Mortgage Cadence integrates Radian’s mortgage insurance service into its Enterprise Lending Center solution.
  • The CX Show interviews SaleMove co-founder and CEO Dan Michaeli about creating contact center leaders.
  • TechCrunch interviews Transferwise cofounder and CEO Kristo Käärman on growing money transfers despite global turbulence.
  • Pendo Systems partners with Azimuth GRC and Global Comply.

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.

BlackRock to Acquire Equity Stake in Envestnet

Wealthtech companies Envestnet and BlackRock have entered into a strategic partnership agreement in which Envestnet will integrate BlackRock’s Digital Wealth technologies into its platform. On the financial side of the deal, BlackRock will take a 4.9% equity stake in Envestnet in a stock transaction totaling $123 million.

“Envestnet is uniquely positioned to create the premier financial wellness network. Integrating BlackRock Digital Wealth offerings into the Envestnet platform represents an industry milestone, advancing advisors’ ability to help investors meet their financial goals,” said Bill Crager, president of Envestnet.

BlackRock launched its Digital Wealth services last October to merge its wealthtech offerings. The services iRetire, BlackRock Advisor Center and FutureAdvisor, which BlackRock acquired in 2015, will all be integrated into the Envestnet platform. Venu Krishnamurthy, global head of digital wealth for BlackRock, said that BlackRock will deliver its Digital Wealth solutions to Envestnet in a “modern, highly integrated way.” The new technologies will help advisors “scale their business and build better portfolios,” he added.

In addition to the stock transaction, Envestnet will offer BlackRock the option to purchase 470,000 shares of Envestnet common stock at $65.16 per share for up to four years from the date of issue. The agreement is expected to close before the end of this year.

Envestnet | Yodlee showcased its predictive financial wellness and intelligence solution at FinovateFall 2018. In September, Envestnet unveiled a new developer experience that delivers enhanced data that spans 18,000 global sources, as well as updated tools that aim to speed up the developer experience. Adding to that effort, the company recruited Sebastien Taveau, former chief developer evangelist for Mastercard, as its vice president of Developer Experience.

Envestnet was founded in 1999 and acquired Yodlee in 2015 for $660 million. Envestnet | Yodlee is a public company listed on NYSE under the ticker ENV. It has a market capitalization of $2.52 billion.

Finovate Alumni News

On Finovate.com

  • BlackRock to Acquire Equity Stake in Envestnet.
  • BBVA Brings on Onur Genç as New CEO.

Around the web

  • Check Point Software integrates with New Amazon Web Services Security Hub.
  • Revolut to launch in Singapore and Japan.
  • Payfone to extend Anti-SIM Swap fraud technology to 35 markets in 2019.
  • Mambu now powering Lendico Switzerland.
  • Dan Madden to join Ellie Mae as Executive Vice President and Chief Financial Officer.

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.

Envestnet | Yodlee Doubles Down on the Developer Experience

Data aggregation and analytics company Envestnet | Yodlee made a strategic hire to its Developer Experience team this week, recruiting Sebastien Taveau (pictured), former chief developer evangelist for Mastercard, as its vice president of Developer Experience.

Taveau is charged with overseeing the new developer experience, positioning it as a developer-first platform, and strengthening ties with the fintech developer community. And Taveau is well-suited for the job; he brings more than 20 years of experience working in POS, mobile payment, mobile security, mobile identity, and consumer solutions.

Among his prior roles are chief technologist at Zelle/Early Warning Services, chief developer evangelist for Mastercard, CTO for Validity, and principal/astronomer at PayPal.

“Sebastien’s blend of skills, experience and passion for the job are invaluable in our continued commitment to delivering upon our developer first vision and driving industry innovation. His role is also vital in nurturing our important relationship with the fintech community, enabling them to better serve their customers,” said Brandon Rembe, SVP of products at Envestnet | Yodlee.

Hiring Taveau is part of a broader effort Envestnet | Yodlee has put forth into crafting the developer experience. Last month, the company unveiled a new developer experience that delivers enhanced data that spans 18,000 global sources, as well as updated tools that aim to speed up the developer experience. The new tools will be available to developers by the end of 2018.

Envestnet | Yodlee showcased its predictive financial wellness and intelligence solution at FinovateFall 2018. Envestnet was founded in 1999 and acquired Yodlee in 2015 for $660 million. Envestnet | Yodlee is a public company listed on NYSE under the ticker ENV. It has a market capitalization of $2.37 billion.

Finovate Alumni News

On Finovate.com

  • Envestnet | Yodlee Doubles Down on the Developer Experience.
  • Braintree Merchants Can Now Accept Samsung Pay.

Around the web

  • eToro sets up a free bitcoin ATM to celebrate Bitcoin’s 10th anniversary.
  • Tradeshift announces new app from kompany to reduce supply chain risk.
  • Crain’s Chicago Business names Narrative Science on its list of most innovative companies.
  • Fenergo listed on Deloitte’s Technology Fast 50 Ireland list.
  • iSignThis’ ISXPay receives Bank Institution Code, will be able to accept deposits directly as a monetary financial institution as of December 4.

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

  • DoubleNet Pay Acquired by Benefits Provider Purchasing Power.

Around the web

  • Moxtra partners with Virtusa to help banks with client engagement.
  • Daon announces partnership with Avtex to improve contact center experience.
  • Envestnet | Yodlee launches risk insight for pre-qualification.
  • Benzinga features Kabbage growth stats.
  • CNBC: Coinbase and Circle form joint venture to boost adoption of dollar-backed digital coins
  • City A.M. reports Azimo and CurrencyCloud to open offices in Amsterdam.
  • Temenos announces new Hybrid Pooling cash management solution for corporate banking.
  • ClearBank selects Featurespace for real-time fraud and AML detection.
  • Insuritas partners with Northwest Bank to launch bank-owned digital insurance agency platform.

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

  • Open Bank Project Collaborates with Open Source Software Company Red Hat.
  • Ondot Lands Strategic Investment from Citi Ventures.
  • Experian, FICO, and Finicity Launch the UltraFICO Score.

Around the web

  • Bloomberg TV features Best of Show winner Bumped.
  • Envestnet | Yodlee launches new suite of developer tools.
  • ThreatMetrix partners with SAS, bringing digital identity intelligence to machine learning to help creditors fight identity fraud.
  • Finastra introduces its cloud-based instant payments offering for SMEs.
  • Sberbank inks Memorandum of Understanding with SWIFT.
  • Artivest appoints new Chief Compliance Officer, Kamal Jafarnia.
  • Featurespace unveils its ARIC White Label solution for advanced fraud and risk prevention.
  • Finextra: Fidor and GFT extend partnership to the Americas markets.
  • Kony acquires innovation subsidiary of Umpqua Bank.
  • Finextra: NTT Data plans pan-Asian federated trade information platform based on blockchain.
  • SuperMoney surpasses $1 billion in financing requests
  • Bluefin and TokenEx partner to strengthen payment security with PCI-validated P2PE and omni-channel tokenization.
  • ID.me launches KYC / AML identity verification solution and ID document verification solution.

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.

Finovate Favorites: A Baker’s Dozen of Best of Show Winners

Which fintech companies have continued to impress Finovate audiences over the years? The return of Kasasa to FinovateSpring last month, winning its fourth Best of Show award in the process, got a few of us thinking that it was a good time to take a look at which companies have been selected as fan favorites most frequently after demoing their latest technologies live on stage.

We’ve highlighted companies that have been especially popular at certain conferences, such as FinovateAsia and FinovateSpring before. Here is our compendium of the top Best of Show vote-getters to date for all shows combined (minimum of three wins).

The Big Three

The three companies that have won the most Best of Show awards from Finovate audiences reflect three different themes in fintech over the years: the allure of social investing (eToro), the rise of data analytics in banking (MX, formerly Money Desktop), and the persistence of the payment card (Dynamics). What is especially impressive about all three companies in our Best of Show Big Three is their ability to innovate over time. Each alum won their first Best of Show award between 2010 and 2012 and won their most recent Best of Show award between 2016 and 2018.

Dynamics (8) Founded in 2007. Headquartered in Pittsburgh, Pennsylvania. Jeff Mullen is CEO.

MX / Money Desktop (6) Founded in 2010. Headquartered in Lehi, Utah. Ryan Caldwell is CEO.

eToro (6) Founded in 2007. Headquartered in Tel Aviv, Israel and London, U.K. Yoni Assia is CEO.

The Super Six

Of our Super Six – the six companies to have won Best of Show awards four times – what is most interesting is also the way many of them have been proven innovators over a time of major change in fintech. Companies like Kasasa (formerly BancVue) and Yodlee (now Envestnet | Yodlee) made their big splash back in the earliest days of Finovate and, with recent Best of Show wins in 2018 and 2017, respectively, shown that they are still among fintech’s most inspiring solution providers.

Backbase – 4

Kasasa / BancVue – 4

Meniga – 4

oFlows – 4

SaleMove – 4

Yodlee (including Envestnet | Yodlee) – 4

The Fantastic Four

Two of the companies in our Fantastic Four companies that have won Best of Show awards three times have since been acquired. LearnVest, a three-time Best of Show winner from 2011-2013, was acquired by Northwestern Mutual for more than $250 million in 2015. EyeVerify, which won Best of Show awards on three different continents, was acquired by Ant Financial in 2016. The company now operates as ZOLOZ, and is focused on providing digital identity solutions for the underbanked in Asia.

BehavioSec – 3

EyeVerify (now “ZOLOZ”) – 3

LearnVest – 3

mBank – 3

Note: FA: FinovateAsia, FE: FinovateEurope, FF: FinovateFall, FS: FinovateSpring. Audience favorite awards from FinDEVr not included.