Finovate Alumni News

On Finovate.com

  • Blend Integrates with Mortgage Credit Specialist Avantus.

Around the web

  • Recognise Financial Services to deploy nCino’s Bank Operating System.
  • NCR announces plans to acquire Midwest POS Solutions.
  • Courtesy of a new partnership with Personetics, Metro Bank launches its Business Insights solution for business customers.
  • Revolut teams up with Bottomline, enabling real-time payment services to its retail and business customers in the U.K.
  • As part of a new initiative, open banking specialist NDGIT to bring its PSD2 Compliance APIs to Switzerland.
  • 3E Software’s Teslar Software adds Pendleton Community Bank to list of clients.
  • Overbond, FI.SPAN, and Finn.AI among 12 Canadian fintech startups chosen for U.K. trade mission.
  • CardFlight’s SwipeSimple terminal available on PAX A80.

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.

FinovateEurope Sneak Peek: FI.SPAN

A look at the companies demoing live at FinovateEurope on February 12 through 14, 2019 in London, U.K. Register today and save your spot.

FI.SPAN will show how banks can deliver banking services directly into ERP and accounting services to their commercial clients.

Features

  • Provides auditable, secure, and automated two-way connectivity
  • Eliminates SFTP file exchange
  • Enables you to easily sell more services to your commercial clients

Why it’s great
FI.SPAN is the world’s first platform that enables banks to meet their commercial customers where they live.

Presenters

Clayton Weir, Co-Founder, Head of Strategy and Product
Weir oversees product strategy, partnerships, and marketing, and works closely with FI.SPAN’s product and business development department.
LinkedIn

Valery Novikov, Co-Founder, Chief Technology Officer
Novikov leads the development team. Throughout his career, he faced multiple situations which proved that the ability to deliver fast is a key competitive advantage.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Finovate Alums Raise More Than $4 Billion in 2018; $802 Million in Q4.

Around the web

  • Symbiont closes $20 million Series B in round led by Nasdaq Ventures.
  • New partnership helps Moven grow in MENA.
  • UNPay founder Zhang Zhenghua named as 2018 Golden Shell Award’s inaugural “Payment Industry Pioneer.”
  • Envestnet|Yodlee acquires Abe AI to drive Yodlee’s latest conversational AI solution.
  • Experian unveils first affordability check for gaming websites.

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.

FI.SPAN to Partner with JP Morgan Chase

Just days after announcing a new round of funding, Canadian fintech FI.SPAN is set to team up with up with JP Morgan Chase to help the bank develop pilot programs for the corporate treasurers of Chase’s business banking customers. The reporting, from The Globe and Mail, notes that the partnership with JP Morgan Chase is one of the four partnerships FI.SPAN has secured with a top 20 U.S. commercial bank.

“It’s an opportunity to make fintech a service,” FI.SPAN CEO Lisa Shields explained to The Globe and Mail, “where banks can make use of innovative solutions that fintech’s provide (while still retaining the customer).”

FI.SPAN is a cloud-based bank API services platform that leverages APIs to enable banks to offer a wide variety of new business banking products and services to their business customers. The company offers curated and pre-integrated third party fintech solutions that banks can use independently or integrated with their own technology. At FinovateFall 2018, the company demonstrated its ERP Connectivity Suite which helps facilitate the migration of payment and cash management processes into accounting applications.

Founded in 2016 and headquartered in Vancouver, British Columbia, Canada, FI.SPAN has raised a total of $6 million in capital. The company’s investors include BDC Capital Corporation, FINTOP Capital, Panache Ventures, and VFF.

FI.SPAN Raises $4 Million for U.K. and Australia Expansion

Financial services management platform FI.SPAN has some extra holiday spending cash, thanks to a new round of funding led by BDC Capital’s Women in Technology Venture Fund. The round also features participation from FinTop Capital, VFF, Panache Ventures and others. The $4 million investment brings FI.SPAN’s total funding to $6 million.

The Canada-based company will use the funds to expand its operations to the U.K. and Australia, as well as grow its Vancouver, B.C.-based team. FI.SPAN currently employs 20 people in its New York and Vancouver offices, and it hopes to double its Vancouver workforce within the next year-and-a-half.

FI.SPAN CEO Lisa Shields told BIV.com that she’s not worried about Brexit impacting the company’s U.K. expansion. “Brexit, to be honest, for my particular business doesn’t affect us that much and the market is massive in the U.K.,” Shields said. “Because we sell to banks, we’re less impacted by Brexit.”

Above: Shields and with co-founder Clayton Weir demo at FinovateFall 2018

Shields co-founded FI.SPAN in 2016 and recently demoed the company’s ERP Connectivity Suite at FinovateFall 2018 in New York.  The company’s white-labeled service designs, builds, and maintains live connections to online and cloud-based accounting systems. The company’s API services suite helps banks build out their APIs to offer clients third-party connectivity. Similarly, FI.SPAN’s Fintegration suite helps banks integrate with fintechs and securely manage data exchange between the two parties.

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.

FinovateFall Sneak Peek: FI.SPAN

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

FI.SPAN enables banks to provide bank-branded ERP connectors and adapters to their most valuable commercial clients.

Features

  • Opens up the business banking channel of the future
  • Makes banking transactions automated and auditable
  • Manages permissions explicitly and securely

Why it’s great
APIs mean business.

Presenters

Lisa Shields, CEO and Founder
Shields is the founder and Chief Executive Officer at FI.SPAN, where she leads the company with a dual emphasis on people and product. She is an engineer by trade and an entrepreneur at heart.
LinkedIn

 

Clayton Weir, Co-Founder, Chief Strategy Officer
Weir is the co-founder and Chief Strategy Officer at FI.SPAN, leading product strategy, partnerships with ERPs, and marketing.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

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

  • Xero Teams with DBS on Small Business Account Feeds.
  • Zopa Boosts Executive Ranks with Trio of C-Level Hires.
  • SoFi’s Choice: Former Twitter COO Anthony Noto to Take Helm as New CEO.
  • Trulioo Launches KYC Tool to Connect MNOs.
  • Juvo Receives Investment from Samsung to Boost Smartphone Usage Among Underbanked.

Around the web

  • Atomico uses Quid for the 2017 State of European Tech report.
  • Bobsguide interviews Lisa Shields, CEO of FI.SPAN.
  • Thomson Reuters unveils Wizcorp, a digital gateway that will provide customers with data on more than 1.8 million Indian private companies.
  • FICO partners with European regulatory risk analytics consultancy, 4most.
  • Finastra announces new partners to its FusionFabric.cloud open architecture.

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.

FI.SPAN Partners with Beanworks to Build B2B Payments Hub

Financial services management platform FI.SPAN inked a new partnership this week with Vancouver, British Columbia, Canada-based Beanworks to build a “world-class business-to-business payments hub.” The new BeanPay platform will give Beanworks’ business customers many of the same vendor payment capabilities that banks have. FI.SPAN will provide pre-integrated third party fintech solutions into the hub, and will manage payment processing via “strategically curated API connections.”

FI.SPAN CEO and founder Lisa Shields praised the combination of Beanworks’ accounts payable automation UX and a “very modern portfolio of payment services.” She said, “Beanworks believes in our vision of sharing modern business services within the corporate customer’s primary business applications.”

Calling manual reconciliation and file transfer “no longer acceptable,” Beanworks CEO Catherine Dahl said, “Our mission is to make the life of the treasurer easier.” Beanworks is cloud-based AP software – integrated with most common accounting platforms such as Intuit Quickbooks, Microsoft Dynamics, and Xero  that automates invoice data entry and invoice-to-purchase matching. Beanworks is also the AP automation provider of choice for Sage accounting and business management solutions. “FI.SPAN’s solution enables us to immediately and profitably extend our AP workflow through to world class payment capabilities,” Dahl said.

Founded in 2016 and headquartered in Vancouver, British Columbia, Canada, FI.SPAN demonstrated its platform at FinovateFall 2017. The company’s technology enables banks and other FIs to deploy new business banking services and products, leveraging RESTful API endpoints to give FIs the ability to decide specifically which and how different products and services are available over different channels. FI.SPAN also provides pre-built connectivity to leading ERP platforms, empowering banks to use ERP as a channel for corporate customers. Read our profile of FI.SPAN from this fall.