Finovate Alumni News

On Finovate.com

  • “Finovate, FinDEVr Alums Earn AWS Financial Services Competency Status”

Around the web

  • FIS and Trunomi team up to build a data protection solution to help FIs comply with new EU regulations.
  • PYMNTS.com looks at Concur and its partnership with China DataCom Corporation.
  • Comarch to integrate EyeVerify into its Smart Finance and Corporate Banking solutions.
  • FinDEVr alum Symbiont hires Dr. Lisa Yin as new chief security officer and chief cryptographer.
  • D3 Banking adds more than a million users to its digital banking platform.
  • Hypepotamus interviews CTO Amala Duggirala, Kabbage’s new chief technology officer.
  • Cachet Financial Solutions develops new prepaid banking platform for CereTel.
  • Tuition.io wins 2016 Best In Biz Awards.
  • Financial Brand: Moven promotes financial health with ‘Smart Savings Account’
  • RealtyMogul.com unveils new lower minimum of $1,000 for investment in its online REIT, MogulREIT I.
  • Business Standard profiles MarketsMojo and its algorithm-based approach to stock market analysis.

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.

FinovateAsia 2016 “Best of Show” Winners Announced

FinovateAsia 2016 “Best of Show” Winners Announced

 

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The votes are in and the Best of Show winners of FinovateAsia 2016 have been announced. Thanks to all 36 companies that demoed in Hong Kong this week and a hearty congratulations to the four audience favorites.

The winners are as diverse as the financial technologies they represent. Whether providing merchants with a broader range of payment options via the cloud, or extending the boundaries of what a piece of plastic can do to make commerce better for consumers and card issuers alike, the Best of Show winners reflect an industry that is as interested in making positive incremental change as it is in dazzling us with the latest innovations in biometric authentication and chatbot technology.

Here are the Best of Show winners of FinovateAsia 2016 (in alphabetical order):

AlphaPaymentsCloudLogoAlpha Payments Cloud for its new joint venture with Australia Post that will bring a variety of innovative payment options to online merchants in Australia.

 

DynamicsLogoDynamics for its continued re-invention of the payment card to make multicurrency transactions easier and more efficient for cardholders and merchants, while at the same time delivering significant savings to issuing banks.

 

eyeverify-hi-res-copyEyeVerify whose innovations in biometric authentication technology are a part of the company’s larger initiative to develop a global identity management platform that provides better security for businesses and consumers.

FinnLogoFinn.ai for its white-label, virtual banking assistant that uses natural conversational language to help consumers manage their finances wherever they are.

 

We want to thank everyone who helped make Finovate’s debut in Hong Kong such a big success. From our presenters, sponsors, and partners to our attendees and the hundreds of fintech fans following the conference via our Live Twitter feed @finovate, it is your dedication to and appreciate of financial technology that makes all the hard work possible and so worthwhile. We’ll see you next year!


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, each chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The four companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 and 2016 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016

Fintech Favorites

Alt lending

  • On Deck Capital (F12), Kabbage (F15), and CAN Capital (F13) agree to disclose SMB loan pricing.
  • Lending Club (F09) partners with MileagePlus to offer borrowers and investors a way to earn award miles when they borrow or invest.
  • American Banker: Bizfi (F15) Hires Former Lending Club Exec as New CEO.

Fintech in Asia

  • Let’s Talk Payments projects AsiaPac as a clear winner in revenue growth in its fintech outlook for 2017.
  • Invest HK launches Hong Kong Fintech Week 7-11 Nov 2016 and features FinovateAsia 2016 on Tuesday, 8 Nov.
  • HSBC collaborates with Hong Kong Applied Science and Technology Research Institute Company to launch fintech R&D lab.
  • Ant Financial, which acquired Finovate Best of Show winner EyeVerify (F16) this year, invests in Thai mobile money innovator, Ascend. See EyeVerify at FinovateAsia this week in Hong Kong.
  • Shanghai-based China Foreign Exchange Trade System (CFETS) joins R3 consortium.
  • SBI Ripple Asia and Japan-based SBI Holdings introduce blockchain-oriented consortium of 42 Japanese banks and financial services institutions.
  • Fintech investment firm Senjo Group opens new global headquarters in Singapore.
  • Malaysia to expand funding options for SMEs with registration of xis’s new P2P platform operators scheduled to go live in 2017.

Finovate Alumni News

On Finovate.com

  • IBM Goes Behaviorally Biometric with New Additions to Trusteer Pinpoint Detect
  • DemystData lands $7 million round.

Around the web

  • New office in Sydney marks TradeShift’s expansion to Australia and New Zealand markets.
  • Bill.com partners with Quicken Loans, driving speculation the two will work on digital billpay.
  • Marqeta to deploy its network tokenization technology to make it easier to use payment cards with Apple Pay.
  • Signifyd teams up with Accertify to improve anti-fraud protections and reduce chargeback costs.
  • Free Enterprise highlights the biometric technology of Best of Show winner EyeVerify.
  • Personal Capital Appoints Eric Weiss as Chief Marketing Officer
  • NuData to power behavioral biometric security for Early Warning’s Zelle.

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

  • DemystData Lands New $7 Million Round
  • FinovateEurope 2017 Application Deadline Has Arrived

Around the web

  • EyeVerify Update Improves Liveness Detection
  • TSYS renews card payment deal with Rabobank.
  • Student Loan Hero reviews FutureAdvisor.
  • InComm partners with Geoswift to facilitate cross-border payments for international students.
  • Misys to forsake initial public offering in 2016.
  • FICO introduces FICO Enterprise Security Score to indicate an organization’s vulnerability to cyberattack.
  • NuData Security announces partnership with Early Warning.
  • Zopa presents its 24-hour “Zopathon 16” for developers, designers, and “product people.”

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

  • IBS Journal Interviews David Mitchell, NYMBUS president.
  • Startland interviews EyeVerify CEO Toby Rush on hiring plans, global expansion.
  • PayPal and Vodafone partner to facilitate contactless payments in the U.K.
  • GreenKey Technologies begins rollout of new mobile app that will offer hard turrets through existing hardware and infrastructure.
  • nanoPay using Liberty Village as a working lab for its MintChip digital currency.

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.

FinovateAsia Sneak Peek: EyeVerify

FinovateAsia Sneak Peek: EyeVerify

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FA2016-V1A look at the companies demoing live at FinovateAsia on 8 Nov 2016 in Hong Kong. Pick up your tickets today and save your spot.

EyeVerify’s Eyeprint ID is a convenient, secure, eye-based biometric authentication for mobile banking and payments that is today used by more than 40 financial services companies.

Features:

  • Software-only and can be used on almost all popular smartphones
  • The only mobile biometric that generates a high-entropy key
  • Advanced spoof detection

Why it’s great
Eyeprint ID is the only mobile biometric that generates a high-entropy key-equivalent to a 50-character complex password.

Presenter

Tinna Hung, Director of Marketing
Hung joined EyeVerify in May 2015. She has 18 years of experience in strategic planning, product planning and strategic marketing, mostly at mobile/technology companies.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Pindrop Debuts Phoneprinting Technology with Lloyds Banking Group

Around the web

  • Malauzai Software teams up with Guardian Analytics, adding new fraud detection functionality to mobile banking apps.
  • Q2 launches Centrix Dispute Tracking System Fraud Alerts module.
  • UAE Exchange partners with Jumio for identity verification. Read our interview with Jumio CEO Stephen Stuut.
  • Edison TV interviews Martina King, Featurespace CEO, about the company’s ARIC Engine.
  • CoverHound launches CyberPolicy.com to help small businesses protect against cyber attacks.
  • Pendo Systems announces new application for Gainsight and CRM Systems.
  • Yseop to ship Narrative Charts to Information Builders.
  • GuardStreet and WellCard Savings launch products on Insuritas SmartCard insuretech digital platform.
  • Crowdfund Insider reports: Bitbond receives BaFin license.

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.

Ant Financial Acquires EyeVerify

Ant Financial Acquires EyeVerify

eyeverify_antfinancial

Less than a week after EyeVerify’s successful return to the Finovate stage, the company announced that it has been acquired by Ant Financial. Terms of the deal were not disclosed, but EyeVerify will remain in operation as a wholly owned subsidiary of Ant Financial Services and will remain headquartered in Kansas City, Missouri.

EyeVerify founder and CEO Toby Rush said Ant Financial’s vision to support small and micro enterprises and their consumers “resonate(d) deeply” with the core mission of EyeVerify. Rush notes that EyeVerify’s payment-grade biometric platform is already trusted by more than three dozen banks and technology leaders, and says, “We look forward to helping even more people across the financial spectrum access digital services with security and convenience.”

eyeverify_stage_feu2016c

EyeVerify’s Director of Marketing Tinna Hung demonstrated EyePrint ID at FinovateEurope 2016.

EyeVerify’s innovation is to use the pattern of veins and white space in the human eye as a biometric marker, an identifier more unique than fingerprints according to the company. Using the camera embedded in most smartphones, EyeVerify users can take an “eyeprint” as easily as they would take a selfie and use that spoof-proof eyeprint for authentication purposes. The software-based technology, deployed by Wells Fargo for its corporate clients with commercial banks this spring, doesn’t require expensive hardware and has an accuracy rate of 99.99%.

Founded in 2012 and headquartered in Kansas City, Missouri, EyeVerify demonstrated its Eyeprint ID at FinovateEurope in spring 2016, where the company won Best of Show. More recently, EyeVerify demoed its technology here in the U.S. at FinovateFall 2016 (demo video available soon). Last month, EyeVerify integrated its Eyeprint ID technology into the Identity Platform of fellow Finovate alum, BioConnect.

Finovate Alumni News

On Finovate.com

  • Signifyd Raises $19 Million in New Funding
  • Read All About It! FinovateFall 2016 in the Press

Around the web

  • BBC America features Daon in a look at how biometric technology is replacing the password. Video of Daon’s FinovateFall 2016 debut will be available soon.
  • Klarna partners with retail giant Arcadia to provide “buy now, pay later” shopping for U.K. consumers.
  • ACI Worldwide earns 2016 Swift accreditation for its money-transfer system.
  • Jack Henry & Associates announces full integration of Banno Mobile.

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.

 

EyeVerify Teams Up with BioConnect to Boost Payment Security

EyeVerify Teams Up with BioConnect to Boost Payment Security

EyeVerify_homepage_August2016

Guess who just joined BioConnect’s Quest for Rightful Identity?

Less than a week before EyeVerify returns to the Finovate stage, the company has announced that it is integrating its Eyeprint ID technology with BioConnect’s Identity Platform. The addition will give BioConnect’s platform a mobile biometric solution, with encryption comparable to a 50-character complex password. BioConnect VP Bianca Lopes said EyeVerify’s solutions had “the highest standards of mobile-friendly security” and are “built perfectly for the financial services industry: secure and frictionless.”

EyeVerify_stage_FEU2016b

EyeVerify Director of Marketing Tinna Hung demonstrated Eyeprint ID at FinovateEurope 2016 in London.

EyeVerify’s Eyeprint ID works by scanning the unique pattern of veins and “micro features” in and around the eye. The 1+MP camera on most smartphones is powerful enough to do the scanning, which was likened to taking a selfie in the company’s Best of Show-winning demonstration at FinovateEurope earlier this year. Eyeprints are scrambled and encrypted locally on the user’s device so they can never be lost, stolen, or intercepted.

With origins in security and physical access management, BioConnect has developed into a hardware and device-agnostic platform that provides biometric authentication in both physical and digital environments. Its Identity Platform gives large businesses the ability to leverage multiple biometric authentication strategies without having to abandon or alter their incumbent systems.

Founded in 2012 and headquartered in Kansas City, Missouri, EyeVerify made headlines this spring when Wells Fargo announced that it would deploy Eyeprint ID with its corporate clients with commercial banking accounts. Also this spring, EyeVerify announced that its biometric authentication solution would be integrated into the Biometric Security Suite of HYPR Corporation. A member of the FIDO Alliance and the International Biometrics & Identification Association, EyeVerify has raised $9.8 million in funding. Toby Rush is CEO.

Join us in New York for FinovateFall next week, September 8 & 9. See EyeVerify and more than 70 other fintech innovators as they demonstrate their latest technologies live on stage. Tickets are on sale now, so visit our registration page and save your spot.

Finovate Alumni News

On Finovate.com

  • Behalf Raises $27 Million in New Funding
  • Backbase Partners with Entersekt to Deliver Authentication Technology
  • EyeVerify Teams Up with BioConnect to Boost Payment Security.

Around the web

  • PittsburghPost-Gazette feature on local fintech incubator SteelBridge Laboratories quotes Om Kundu, CEO of InSpirAVE. See InSpirAVE at FinovateFall in New York next week.
  • Massachusetts-based Randolph Savings Bank re-ups with Fiserv for front- and back-office technology.
  • Wipro announces partnership with Stibo Systems to offer Master Data Management (MDM) solutions.
  • PYMNTS.com looks at TransferWise and its growing independence from bank partners.
  • Jack Henry & Associates Awarded by Aite Group for Core Processing.

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.