American Banker’s “20 Fintech Companies to Watch” Features 11 Finovate Alums

FintechForward_AmericanBanker_BAIIn the same way that celebrities examine the memoirs of other celebrities to see if and how frequently their names are mentioned, I admit my first thought upon seeing American Banker’s roster of “20 Fintech Companies to Watch” was: “How many Finovate/FinDEVr alums?!”

American Banker’s “20 Fintech Companies to Watch” feature is a part of Fintech Forward, its collaboration with BAI. The goal of the partnership is to “identify the forces and trends that are motivating banks’ technology investment.”

Companies for the list were selected by a panel of judges from American Banker, BAI, Citi, Santander, and Rockland Trust, who focused on three criteria:

  • Does a company offer innovative technology?
  • Does it solve a real business problem?
  • Is it ready for prime time?

So with the bar set, here are the Finovate alums that made the cut.

Rounding out the top 20 were Untapt, Gigaspaces Technologies, IdentityMind Global, Addepar, Zenbanx, nCino, Moneythink, InAuth, and Iovation.

In addition to its “20 Fintech Companies to Watch,” Fintech Forward has produced its “Top 100 Companies in Fintech” and “Top 25 Enterprise Companies” rankings. Both rosters feature numerous Finovate and FinDEVr alums, as well.

Emailage & Feedzai Partner to Combine Machine Learning with Email Risk Assessment

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Fraud-prevention companies Emailage and Feedzai have teamed up to create an even stronger edifice against would-be hackers.

In the agreement, both companies will leverage the other’s unique security layer to combine email risk-assessment with fraud scoring.

Emailage, which debuted at FinovateSpring 2015, offers a tool that assesses the risk associated with an email address. We covered the product, used for underwriting risk on everything from ecommerce transactions to P2P payments in our Finovate Debuts series in August.

Feedzai’s fraud-prevention solution analyzes data furnished by session clickstream, access frequency, malware signatures, social biometrics, and now email addresses. Its machine-learning software analyzes the data-sets to determine risk level. Feedzai made its European debut at FinovateEurope 2014.

Finovate Alumni News

On Finovate.com

  • “A View From Backstage at FinDEVr San Francisco 2015″
  • “Stockpile Hauls in $15 Million in New Investment”
  • “Emailage, Feedzai Partner to Combine Machine Learning with Email Risk Assessment”
  • “Moven Rounds Up $12 Million in Funding for International Expansion”

Around the web

  • Somerset Trust Company to deploy Retail+ for Small Business Banking solution from Malauzai Software.
  • Trustly expands into 21 new markets, now reaching 29 countries.
  • PYMNTS.com takes a look at Currency Cloud and the latest update to its API, Payment Engine Two.
  • Misys launches its dedicated-payment risk-management solution, FusionBanking Payment Insulator.
  • American Banker names 11 Finovate and FinDEVr alums in its list of 21 companies to watch.
  • Worldpay’s IPO on London Stock Exchange is the U.K.’s largest IPO of the year, at a market cap of £4.8 billion ($7.3 billion).
  • New enhancements to CreditHQ from Ormsby Street feature letter templates, new dashboard metrics.

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.

Finovate Alumni News

Around the web

  • MoneyRates column on robo-advisers features Chris Costello, Blooom CEO.
  • Finance Magnates spotlights Nuno Sebastio of Feedzai on EMV in the U.S.
  • Digital Retail Apps to showcase SelfPay at the Visa Innovation Center at One Market in San Francisco.
  • Alt-Fi News interviews Renaud Laplanche, CEO and founder of Lending Club.
  • Prosper passes $5 billion in loans originated on its platform.
  • German development bank, KfW to deploy EDM technology from Markit. Join Markit in San Francisco for FinDEVr 2015.
  • CR2 and Ameriabank partner to bring BankWorld omnichannel banking platform to Armenia.
  • Digital Insight adds automated account-switching solution, ClickSWITCH.
  • EVO Payments, parent of EVO Snap*, inks U.K. market reseller-partnership deal with Handepay. See EVO Snap* at FinDEVr 2015 in San Francisco.
  • Xero chosen as business ‘Platform of the Year’ at Internet Marketing Association’s IMPACT15 Conference.

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.

Finovate Alumni News

On Finovate.com

  • “Rippleshot Earns Spot in SixThirty Accelerator’s Incoming Cohort”
  • “Cloud Lending Solutions Raises $8 Million in Series A”
  • “MX Lands $4 Million from CheckFree Founder Pete Kight”

Around the web

  • iSignthis to provide KYC services to Coinify, Europe’s leading bitcoin-payment service provider.
  • Feedzai’s algorithms poised to analyze $800 million in purchases in real time each day.
  • Bitbond launches bitcoin affiliate program to allow users to earn money online simply by placing a link.
  • Matchi launches first innovation challenge for insurance company.
  • Lendio funds more than 500 small businesses in one month.
  • Xero surpasses milestone of 100,000 subscribers in the United Kingdom.
  • Algomi announces expansion, opening new office in New York.
  • Misys wins Customer Focus Award, named “National Champion for the U.K.” by the European Business Awards.
  • Let’s Talk Payments profiles PFM and account-aggregation solution provider, eWise.

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

  • “FinovateFall 2015: Mapping Fintech’s International Neighborhood”

Around the web

  • Feedzai teams up with Socure to combine social biometrics with fraud-risk scoring. See Socure at FinovateFall 2015 in New York City next week.
  • Moven CEO Brett King joins the advisory board for Jumio.
  • Fiserv joins Visa, Citi, Nasdaq, and Capital One in $30 million funding of blockchain startup, Chain. Join Fiserv in New York City next week for FinovateFall 2015.
  • iSignthis confirms the adequacy of its KYC services for use by financial institutions in the U.S.

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.

More Than 30 Alums Make Hot Topics 100 Most Influential People in Fintech

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If you drew up a list of the 100 most influential men and women in fintech, how many of them would be alumni of our Finovate/FinDEVr conferences?

The answer is about a third, according to Hot Topics, which released its list of the top 100 fintech influencers this week.

“More transactions taking place online mean more opportunities to help consumers manage their money in digital form: enter the fintech platforms,” wrote Joel Watson for Hot Topics. “Whether it be securing mortgagees, getting a loan, transferring money abroad, spending money in an ecommerce store, or one of a thousand other applications, the marketplace is fiercely competitive and growing all the time.”

See if you agree with who made the cut, who was overlooked, and who deserves at least an honorable mention.

Hot Topics is an online community of more than 300 entrepreneurs, corporate executives, venture capitalists, journalists, bloggers and other professionals interested and involved with technology.

 

Finovate Alumni News

Around the web

  • Let’s Talk Payments features Feedzai, Swipely, BillGuard, Wealthfront, Jemstep, SigFig, and Vouch in its review of companies “pushing the envelope” in payment analytics.
  • Zooz partners with Avalara to bring tax-compliance tools to its payment platform.
  • Daily Fintech profiles DarcMatter and its plan to bring access to alternative investments to the accredited masses.
  • TransferWise sets world record for largest human currency symbol.
  • Bank Investment Consultant takes a look at Betterment, Personal Capital, Motif Investing, FutureAdvisor, Blooom, Wealthfront, and Vanguard in its look at how traditional advisers can compete against robo-advisers.
  • BlinkMobile Interactive wins best enterprise mobility solution at Cloud World Series Awards in London.

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

  • Yodlee Brings “Sense” to Forward-Looking Bank Balances
  • BancVue’s Kasasa Spreads to 1,800+ Client Branch Locations Across 46 U.S. States.

Around the web

  • NerdWallet lists Lendio as 1 of 7 great small-business loan options for women-owned businesses.
  • Credit Sesame wins Gold Stevie Award in 2015’s American Business Awards.
  • PayPal and Uber extend their partnership to additional 9 countries, now in 19 total.
  • Backbase adds Geezeo’s PFM to its Open Banking Marketplace.
  • Partnership between Feedzai and Azul Systems yields first deployment with “leading payment technology provider.”
  • Insuritas wins NAFCU 2015 Services Innovation Award.
  • DriveWealth helps trading software technology company, KnowVera, develop video course on pattern recognition.
  • e-SignLive by Silanis to develop joint, cloud-based solution for digital transactions in new partnership with Australia’s Nuvola.
  • Jim Cramer of CNBC’s Mad Money interviews SeedInvest CEO Ryan Feit.

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

  • SizeUp, Token, and Pendo Systems Win at Innotribe 2015 New York
  • Vantiv Brings its Payment and Processing Solutions to the USPS
  • Finovate Talks Payment API Security with John Canfield, VP of Risk for WePay

Around the web

  • American Banker talks with LendingRobot about liquidity in P2P lending.
  • Wallaby now has 2,700 credit cards and 500 banks in Cardbase database. Come see Wallaby at FinDEVr in San Francisco.
  • SuiteRetail joins Avalara’s community of certified solution partners. Check out Avalara at FinDEVr 2015, 6/7 October.
  • Tradier Brokerage integrates with OneOption LLC to advance options trading platform.
  • GeekWire considers Avalara’s success, including its corporate lounge, at the U.S. Open.
  • PYMNTS interviews Souheil Badran, newly appointed president and CEO of edo Interactive.
  • Nuno Sebastião, CEO of Feedzai, talks with PYMNTS about fraud detection.
  • Pindrop Security launches Pindrop Labs.
  • Financial Times lists Personal Capital in its Top 300 RIA List.
  • iBe publishes study on customer experience in banking and fostering innovation.

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.

Feedzai Announces More than $17 Million in New Funding

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Finovate confirmed by email this morning that data science specialist Feedzai raised $17.5 million in new funding in a round led by Oak HC/FT. The capital takes Feedzai’s total to more than $22 million, and will help the company grow its engineering and sales talent to help meet demand for the company’s anti-fraud technology.

Participating along with Oak HC/FT in the Series B financing round were existing investors Espirito Santo Ventures and Sapphire Ventures (formerly SAP Ventures). Oak HC/FT will send two of its own, General Partner Patricia Kemp and Venture Partner Jonathan Weiner, to serve on Feedzai’s board of directors.

Kemp highlighted Feedzai’s big data science and machine learning background as key to her firm’s decision to invest. Feedzai’s technology analyzed more than 18 billion transactions in 2014, equaling more than $760 billion in payment volume. The company’s Fraud Prevention API for developers handled transaction growth of more than 300% “in late 2014.”

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Feedzai CEO Nuno Sebastiao presented Feedzai Fraud Prevention at FinovateEurope 2014 in London.

Feedzai is one of a growing number of innovators leveraging big data/data science and machine learning for corporate clients. And while the Feedzai’s Fraud Prevention Suite is the company’s signature technology, its platform provides actionable, real-time business insights that go beyond risk and fraud management to give institutions the ability to tap into the “hidden value in the data to drive revenue growth.” Covering transactions and data flows across channels, Feedzai includes enterprises as diverse as First Data, Coca-Cola, and Vodafone among its customers.

Founded in 2008 and headquartered in San Mateo, Calif., Feedzai demonstrated its Fraud Prevention Suite at FinovateEurope 2014 in London. Nuno Sebastiao is CEO

Finovate Alumni News

On Finovate.com

  • Feedzai Announces More than $17 Million in New Funding
  • Friction is Good: Social Network for Credit Innovator, Vouch Raises $6 Million

Around the web

  • Financial Guard launches its enhanced, fee-transparency service.
  • defi SOLUTIONS acquires OpenRule Systems APM.
  • Benzinga interviews Andy Swan, LikeFolio co-founder.
  • Wizzio by Novabase featured at IBM World of Watson event.
  • CNBC talks about P2P currency transfer with TransferWise CEO Kristo Kaarmann.
  • Motif Investing earns spot on CNBC’s Disruptor list.
  • Xero ranked #1 Forbes Most Innovative Growth Company 2015.
  • Lending Club receives Entrepreneurial Company of the Year Award from Harvard Business School Association of Northern California.
  • Xero scoops Company of the Year at annual Hi-Tech Awards.
  • Payments Source looks at how Taulia speeds up payments for businesses.
  • Google drops cloud computing prices by up to 30%.

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.