FinovateFall Sneak Peek: Experian

FinovateFall Sneak Peek: Experian

Experian is bringing the real time economy to the credit industry with Text for Credit, an innovative, convenient, and confidential way to apply for credit.

Features

  • Consumers can initiate and complete the credit application process in minutes with a text message.
  • No more paperwork or anxious minutes hoping for credit approval
  • Real-time access to credit

Why it’s a must-see
Experian’s Text for Credit modernizes the lending industry by allowing consumers to obtain “real time” credit via text.

Presenters

Alex Lintner, President, Experian Consumer Information Services
Lintner is responsible for overseeing Experian’s U.S. consumer credit bureau and building a stronger connection to consumer data and direct-to-consumer initiatives focusing on empowering the consumer.

 

Brittanee Moss, Senior Product Manager, Experian Consumer Information Services
Since joining Experian in 2013, Moss has worked in both the direct-to-consumer and business-to-business parts of the business. Moss manages products within the company’s prospecting suite.

Finovate Alumni News

On Finovate.com

  • Responsive Tiles from Geezeo Help Banks Build Personalized Digital Experiences.
  • Accenture Acquires Verax to Boost Canadian Operations.
  • Urban FT Bids to Acquire Digiliti Money [UPDATE: Bid Rejected]

Around the web

  • Let’s Talk Payments interviews David VĂ©lez, founder of Nubank.
  • Visa to encourage Australian banks to embrace biometric authentication in new security roadmap.
  • InComm buys distribution rights to American Express’ prepaid reloadable and gift card business in the U.S.
  • Flywire Simplifies Compliance with New Cross-Border Education Payment Requirements in Ireland.

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

  • Microblink’s Photopay Expands to New European Markets.

Around the web

  • Daon and Experian talk about fighting fraud with biometric technology on CNBC’s Squawk Box.
  • Let’s Talk Payments interviews Yodlee’s Terry McKeown on managing credit risk.
  • Banking Exchange profiles alternative lender, PayActiv.
  • The Silicon Review features Vantiv Head of Product for Integrated Payments, Moin Moinuddin.
  • FintekNews sits down with Unison Co-CEOs Thomas Sponholtz and Jim Riccitelli to discuss shared real estate investing.
  • Tesobe organizes cross-industry payments hackathon in Australia – Aug 11 thru 13th.
  • CRN names Veridium on its list of 2017 Emerging Vendors.
  • Total and Worldline Partner with Africa-based InTouch to help deploy Guichet Unique, a digital solution for retail networks.

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

  • Bitbond Gains $5.4 Million Debt Commitment and Undisclosed Equity Investment.
  • PayU Investment in Kreditech Marks Largest Funding for a German Fintech.

On FinDEVr.com

  • FinDEVr Alum Symbiont Scores Funding from China’s Hundsun Technologies.
  • Check out our latest FinDEVr APIntelligence.

Around the web

  • CSI globalVCard to integrate Visa Payables Automation into its paysystem Payables platform.
  • Kontomatik earns top 50 spot in the 2017 Dutch FinTech Awards. Join Kontomatik for FinDEVr London in June.
  • Australia-based forex broker Pepperstone to deploy Paydentity verification services from iSignthis.
  • Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore.
  • ACI Worldwide’s point-to-point encryption solution earns PCI P2PE compliance validation.
  • Delaware’s Dover FCU to deploy core in-house processing technology from Jack Henry’s Symitar division.

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 and Experian Form Partnership

BioCatch and Experian Form Partnership

Screen Shot 2017-04-10 at 8.22.20 AM

Israel-based BioCatch and information services giant Experian teamed up today. The partnership will allow Experian to leverage BioCatch’s behavioral biometrics technology to prevent new account fraud for CrossCore users.

Screen Shot 2017-04-10 at 9.29.14 AMDebuted at FinovateFall 2016, CrossCore enables organizations to integrate technology from multiple fraud and identity solutions providers into a single API to reduce friction and false positives. BioCatch’s biometrics technology will help organizations identify fraudsters, even if they enter stolen information.

In the press release, BioCatch CEO Eyal Goldwerger said that BioCatch is helping Experian “[provide] a completely new layer of security using behavioral biometrics by focusing on ‘how’ a user enters information into an application, not ‘what’ information is being entered, in a seamless way that does not add any friction to the application process.”

BioCatch works by mapping user behavior during the onboarding process to distinguish between normal user behavior and fraudster behavior. For example, while a consumer is filling out a credit card application, BioCatch detects patterns such as the speed and/or cadence of keystrokes. Targeting anomalies in user behavior helps catch a fraudster even if all of the information is correct.

BioCatch was founded in 2011 and now monitors 2+ billion transactions per month for a number of major bank clients. At FinovateFall 2014, the company showed off Invisible Challenges. BioCatch was recently ranked number 19 in Planet Compliance’s Regtech Top 100 Power List. Earlier this year, the company teamed up with Nuance Communications to power continuous authentication for Nuance Security Suite solution.

Headquartered in Dublin, Ireland, Experian recently received authorization from the Financial Conduct Authority, an organization responsible for regulating consumer credit agencies in the U.K. Last month, the company joined the Marketplace Lending Association to drive responsible fintech innovation.

Finovate Alumni News

On Finovate.com

  • BioCatch and Experian Form Partnership.
  • Finovate Debuts: Icon Solutions’ Instant Payments Helps Keep Banks PSD2 Compliant.

Around the web

  • unblu receives European patent protection for 3rd generation co-browsing technology.
  • Bluefin Payment Systems earns EMV certification from First Data.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.
  • Tech Loop interviews GMC Software Technology’s Michaela RĂœdlovĂĄ and Jan RĆŻĆŸa.
  • Infosys recognized as “major player” in IDC MarketScape: Service Providers for EMA Utilities Vendor Assessment.
  • Quantopian to deploy order/execution management technology from FlexTrade.
  • BusinessWorld profiles BankBazaar and co-founder Rati Shetty.
  • Neener Analytics accepted into the Citibank WorldwideT4I Accelerator. Come see Neener Analytics at FinovateSpring on April 26  & 27.
  • Standard Chartered announces digital wealth advisory tool

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

  • Patch of Land Picks Matthew Zall for Chief Investment Product Officer.
  • Dwolla Launches Same-Day Bank Transfers.

On FinDEVr.com

  • Envestnet | Yodlee Launches Suite of Risk Reporting Tools.

Around the web

  • UK food retailer, The Co-operative Group chooses ACI Worldwide to run wallet service.
  • Palestine’s The National Bank deploys core banking technology from Temenos.
  • Experian joins Marketplace Lending Association as an associate member.
  • Maine Startups Insider features David Joseph, co-founder of Davo Technologies.
  • Dallas News founder features Bruce Parker, founder and CEO of ModoPayments.

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.

Experian Receives Green Light from the FCA in the U.K.

Experian Receives Green Light from the FCA in the U.K.

Screen Shot 2017-02-28 at 2.52.33 PM

Information services company Experian received authorization from the U.K.’s Financial Conduct Authority (FCA) recently. The Dublin, Ireland-based firm applied for full FCA authorization in February of 2016. Experian said that the year-long authorization process has helped it to “stress-test [its] risk management structures and the plans [it has] in place to ensure fair outcomes for [its] customers.”

The U.K. Financial Conduct Authority became responsible for regulating consumer credit agencies in 2014. Some of the activities that require FCA authorization, or permission, include:

  • Credit broking
  • Debt administration and debt collection
  • Debt counseling and debt adjusting on a commercial basis
  • Providing credit information services
  • Providing credit reference agency services
  • Peer-to-peer lending

Experian last demoed at FinovateFall 2012, where it debuted Premium Pre-qualification a credit-screening tool. Late last year, Management Today named Experian Britain’s Most Admired Company in the Business Support Services category. In November, American Banker ranked Experian among the top 100 fintech companies.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Moonraft Innovation Labs

Around the web

  • Huron Community Bank of Michigan to leverage Insuritas to launch insurance agency.
  • Experian partners with reporting and analytics platform dv01 to enable dv01 clients to access to richer borrower credit attributes.
  • FIS teams with Verifone to enable consumers to pay at the point of sale using loyalty points linked to a credit or debit card.
  • Business Insider names Gusto, App Annie, and BlueVine as 3 startups to bet your career on in 2017.
  • Token announces strategic partnership with VirtusaPolaris.
  • TransferTo to provide bridge linking between EcoCash and Mama Money mobile money services.

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

  • NuData Security Brings Behavioral Biometrics to Arvato Financial Services”

On FinDEVr.com

Around the web

  • Token signs memorandum of understanding (MoU) with Fidor Bank for digital payments.
  • PYMNTS.com interviews Nick Thomas, cofounder of Finicity, in the wake of his company’s latest funding round.
  • Aerospike announces 100% year-over-year bookings growth.
  • Touch Bank to deploy FraudNet, online fraud prevention technology from Experian.
  • More than 100,000 customers of Avanza Bank have used Trustly’s real-time deposit service since the two companies forged a partnership last year.
  • Dashlane joins two-factor authentication awareness campaign, #TurnOn2FA.
  • Cortera Decisions‘ credit scorecard capability is now available through Boost, its self-service tool that gives businesses insights on their customers and prospects.
  • TickSmith’s TickVault Big Data management platform is compatible with Thomson Reuters Tick History.
  • NIIT Technologies partners with a top-ranked retirement plan provider to manage their legacy systems.
  • Arxan Technologies wins six industry IoT security awards.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

Dev news

  • Check out LTP’s list of 88 international startup accelerators, incubators and innovation labs nurturing fintech innovators.

The latest from FinDEVr Silicon Valley presenters

  • Expensify exclusively endorsed by the world’s leading accounting body.
  • Envestnet | Yodlee integrates with Microsoft Dynamics 365 for Financials.
  • ACI Worldwide named “frontrunner service provider” for EBA instant credit transfer scheme.
  • Xero interviews David Barrett, CEO and founder of Expensify.
  • Hyperwallet begins 24/7 support amidst launch of new Austin contact center.

Alumni updates

  • FinDEVr alum Braintree introduces commerce infrastructure tools.
  • InComm partners with Wakefern Food Corp. to expand gift card programs.
  • OnDeck announces new $200 million revolving credit facility with Credit Suisse.
  • “Finicity Scores $42 Million Series B in Round Led by Experian”
  • The Beast Apps introduces comprehensive MiFID II compliance-integration solution, Minotaur.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

Around the web

  • FlashFX to leverage Ripple for its new foreign-exchange payments-solution in Australia, using XRP for liquidity.
  • Blackhawk Network launches HawkCommerce.com B2B and B2C solution for expanding, distributing and managing gift cards and egifts.
  • Philippe GĂ©lis, Kantox CEO and cofounder, and Alexandre Gaillard, InvestGlass CEO and founder, are listed among 10 French Influencers who “rock the global fintech scene.”
  • Luxoft named a Top 15 Outsourcing Service Provider by ISG.
  • Compass Plus updates TranzWare remote banking products.
  • Prosper to launch seventh generation of credit model, switches from Experian to TransUnion.
  • InComm partners with Wakefern Food Corp. to expand gift card programs.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.