Finovate Alumni News

On Finovate.com

  • FIS Integrates with IBM to Help Clients Counter Fraud.

Around the web

  • Blackhawk Network unveils new line of gift cards.
  • Tinkoff GDRs will be included in MOEX Russia indices next month.
  • Finantix opens new office in Sydney, Australia.

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

  • Currencycloud’s Currencycloud Spark Powers Multi-Currency Accounts.
  • The Tightly-Knit Mortgagetech Sector Gets Even Tighter as Ellie Mae Acquires Capsilon.

Around the web

  • Tradeshift teams with Genpact to help clients enhance accounts payable and procurement processes.
  • OurCrowd to join the Millennium Alternative Investment Networkto increase VC opportunities in the U.S.
  • Finextra talks to Nutmeg about expanding the human side of its roboadvisory.
  • Dwolla unveils The Integration Partner Program for more seamless technical integrations between Dwolla, its partners, and their clients.
  • Finantix appoints Christine Ciriani as Chief Commercial Officer.
  • NCR teams with Brightwell to supply ATMs and managed services for Brightwell’s largest cruise line clients.

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.

HSBC Creates Private Banking Portal with Finantix

Finantix, a supplier of software for wealth management, insurance and private banking industries globally, has been selected by HSBC Private Banking as it launches a new global client wealth management portal for its clients, reports Henry Vilar of Fintech Futures, Finovate’s sister publication.

The firm’s solution, Finantix Components, has been deployed to support the new portal, which aims to be a simplified, seamless, and globally standardized platform.

Alessandro Tonchia, co-founder of Finantix, said, “HSBC Private Banking built the portal incorporating Finantix Components APIs and, in doing so, are creating a consistent, modern omni-device experience, easy and secure self-service access to accounts, portfolio information and analytics.”

Finantix worked with HSBC Private Banking to provide business logic, insights, user journey standards and interfaces with its core banking platform.

The solution has been rolled out in the U.K. and is being extended to other markets where HSBC Private Banking operates.

This news comes just a few days after the Italy-based company announced a deal with Deutsche Bank Wealth Management, which will leverage Finantix’s KYC solution for its onboarding process.

Finantix most recently showcased its Banking Assistant at FinovateEurope 2013 after taking home Best of Show honors at FinovateEurope 2011 for its demo of Wealth Apps. Founded by Alessandro Tonchia in 1994, Finantix was acquired last year by Motive Partners for an undisclosed amount.

Finovate Alumni News

On Finovate.com

  • HSBC Creates Private Banking Portal with Finantix
  • Trulioo Can Now Verify Customers in 4 New Countries
  • AI Foundry Adds Mortgage Document Modeling to its Automation Platform
  • HiddenLevers and First Rate to Improve Risk Analytics for Wealth Managers
  • DemystData Signs Two Year Agreement with Kyckr
  • YSEOP Garners $9.3 Million in New Funding Round

Around the web

  • Xceptor appoints former GBST exec as new COO.
  • eToro has launched a portfolio of firms involved in Facebook’s new digital currency Libra.
  • Jumio to power digital identity for Brazil-based BTG Pactual.
  • Settle launches its mobile payments app in Croatia.
  • Worldpay and the University of Cincinnati partner to fill business talent shortfall.
  • Coast Capital Savings teams with OnDeck to offer small business members financing options.
  • Scooter fleet company Spin joins Passport’s micro-mobility pilot program.
  • First Rate and HiddenLevers partner to provide risk analytics and business intelligence to the wealth management industry.
  • BeSmartee announces direct integration with private mortgage insurance provider Arch MI.

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

  • RISQ Teams Up with Aion Digital to Boost SME Lending in MENA.
  • More Than $1.8 Billion Raised by 29 Alums in Q2 2019.

Around the web

  • Blockchain startup up Saga to deploy treasury management tech from FIS.
  • Deutsche Bank partners with Finantix to enhance its Wealth Management division’s onboarding and KYC processes.
  • Xignite joins the Snowflake Data Exchange, the first market data vendor to do so.
  • Endor co-founder and CEO Dr. Yaniv Altshuler talks about his background in the crypto space with CryptoNewsZ.

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

  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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

    • FICO and Equifax Forge Strategic Partnership.

    Around the web

    • Motive Partners closes investment in Finantix announced in December.
    • Since launching in the region last year, Plaid expands coverage in Canada, adding support for Desjardins, National Bank of Canada, President’s Choice, and Simplii.
    • NDGIT’s API platform enables UBS to deliver PSD2 APIs for TPPs.
    • Ledger partners with Hong Kong-licensed Legacy Trust to introduce institutional-grade custody solution to accelerate the flow of institutional money into digital assets.

    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.

    Motive Partners Acquires Majority Stake in Finantix

    Private equity firm Motive Partners will become a majority shareholder in Finantix, a provider of digital services for the private banking, insurance and wealthtech sectors, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).

    Financial details were not disclosed. Both firms are a bit vague but Motive will support the company and the founders (Ralf Emmerich and Alessandro Tonchia) in “extending the functional footprint of the product and in accelerating geographic expansion”. The latter means Europe, Asia and to enter the U.S. market.

    Scott Kauffman, partner at Motive Partners, said Finantix has demonstrated its ability to create a “compelling product, bringing a leading technology platform to an ever-increasing set of blue chip clients”.

    Finantix’s founders and the management team will continue to lead the company.

    The company has over 250 staff in seven cities and a customer base in more than 45 countries. Some of its clients include Rothschild Bank, Crossbridge Capital, and DBS.

    Motive Labs, the operational and technology team of Motive, will also work with Finantix.

    Back in March, Finantix acquired Singapore-based Smartfolios, a creator of quant-enabled investment tools. No financial details in that deal as well.

    As reported last year, Motive powered up and revealed its plans to invest in fintech firms in the U.K. and U.S.

    According to its Form D filed with the Securities and Exchange Commission (SEC) in the U.S, Motive was looking to raise $150 million.

    “Our mission is to back and build the next generation of financial technology businesses to transform markets, models and society,” the company said on its website.

    Based in Venice, Italy, and founded in 1994, Finantix demonstrated its Banking Assistant solution at FinovateEurope 2013.

    Finovate Alumni News

    On Finovate.com

    • Plaid Raises $250 Million Series C Round Led by Mary Meeker.
    • Bill.com Achieves NACHA Certification.

    Around the web

    • Narrative Science introduces its new language-based augmented analytics product, Lexio, in beta.
    • Currencies Direct taps Ripple’s xCurrent for real-time remittances to India.
    • AlphaPoint to support Stellar Lumens.
    • Motive Partners acquires majority stake in Finantix.
    • Camden National Bank further leverages Jack Henry relationship to support demand for growth, 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.

    Finantix Buys Singapore-based Wealthtech Firm, Smartfolios

    Finantixa provider of sales and advisory software to financial institutions, has acquired Singapore-based Smartfolios, a creator of quant-enabled investment tools, reports Antony Peyton of Banking Technology (Finovate’s sister publication).

    With this deal, Finantix said it can combine its API-driven architecture, technology and its recently launched artificial intelligence (AI) offering with Smartfolios’ quantitative analysis solutions to deliver a digital wealth management platform.

    Ralf Emmerich, co-founder and director of Finantix, said the acquisition will “extend our coverage and support for key actors like CIOs and investment strategists and provide a solid foundation for strategic robo-advisory initiatives that don’t follow a low-end formula”.

    Finantix provides wealth and hybrid robo-advisory solutions to wealth managers, private banks and insurers in more than 40 markets.

    Together, Finantix and Smartfolios plan to cover investment processes including strategy building, house view distribution, robo-personalised portfolios, and analytics.

    Financial details about the acquisition were not disclosed.

    Venice-headquartered Finantix has a customer base spanning over 45 countries, and has eight offices across Europe, North America and Asia. The company demonstrated its Banking Assistant solution, part of the company’s multi-channel platform, Finantix Sharp, at FinovateEurope 2013.