Finovate Alumni News

On Finovate.com

  • ABBYY Unveils New SDK for Mobile Web Capture.

Around the web

  • Identitii’s tokenization technology powers HSBC’s Digital Accounts Receivable Tool (HSBC DART).
  • Fiserv’s FlexWage now allows earners to receive their salary on their own schedule.
  •  LendingClub extends balance transfer to more borrowers.
  • Berkshire Bank partners with Finastra to launch real-time payments.
  • Belgian online lender Buy Way deploys e-signature solution from OneSpan.

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

  • Synapse Receives $33m for Backend Fintech.
  • Paysend Reaches Crowdfunding Goal of $5.3 Million.

Around the web

  • Worldline and Trapeze deliver a hands-free payment solution for public transport.
  • Sberbank to Open First Branch in McDonald’s Restaurant.
  • James Hale appointed Head of Product at alternative investing firm Artivest.
  • Finastra named 2019 Microsoft Alliance Global ISV Partner of the Year.

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

  • Q2 and ALTR Leverage the Blockchain to Boost Data Security.
  • Neustar Helps TELUS Fight Caller ID Spoofing.
  • Fintech OS Raises $1.2 Million.
  • Personetics Unveils AI-Enabled Small Banking Solution.
  • SparkPost Launches Predictive Email Intelligence Platform.

Around the web

  • Meniga opens an office in Barcelona, Spain.
  • Coinbase extends support for USD Coin (USDC) trading in 85 countries.
  • Finastra hires Mark Miller as new Chief Financial Officer.
  • Fenergo announces API integration with global financial markets data provider Refinitiv.
  • Hastings Direct extends deal with Equifax by signing a multi-year deal.
  • SDC and Tink partner to give 120 Nordic banks access to account aggregation and payment initiation services.
  • Kony Quantum powers Qualifacts’ new CareLogic mobile app.
  • WireBarley partners with Currencycloud to boost its operations in the U.S.
  • Lendio named to Fortune’s Best Workplaces in Financial Services & Insurance.
  • BlueVine taps Herman Man as new Chief Product Officer.

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.

Finastra Inks New Bank Partners for its Blockchain-Based Lending Platform

Finastra has signed three global banks on its Fusion LenderComm platform: BNP Paribas, Natixis and Societe Generale, following a recent sign-up by NatWest, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

“All of these banks were part of our Fusion LenderComm pilot and the momentum that the platform has seen since then is nothing short of extraordinary,” said Grant Jones, VP, Fusion LenderComm, Finastra. “This brings global banks together on the platform in the live Fusion LenderComm environment, for seamless and secure information exchange.”

Fusion LenderComm is based on Corda Enterprise, R3’s commercial version of its open source blockchain platform, Corda. The firm says it is enabling banks to expose real-time credit agreement, accrual balances and position information data to lenders, directly from agent bank loan servicing platforms, such as Finastra’s Fusion Loan IQ.

Philippe Boulas, Global Head of Corporate Banking Operations at BNP Paribas, said: “With the creation of this community and a collaborative mindset we have a unique opportunity to tackle the operational pain points we have all been experiencing for years and that constrain syndicated loan market expansion.”

Finastra said that Fusion LenderComm integrates directly into the overall technology stack at the banks.

Cécile Bartenieff, COO of global banking and investor solutions at Societe Generale, said: “The Fusion LenderComm initiative will help provide greater transparency and operational efficiency to the syndicated loan market for the benefit of all participants, including the pool of banking lenders and our borrower clients. This is an illustration of how blockchain can help banks optimize the entire flow of financial operations in a standardized and secured framework.”

The product of a merger between Misys – which demonstrated its FusionFabric.cloud technology at FinovateEurope 2017 – and D+H two years ago, Finastra recently announced the appointment of Chief People Office Sharon Doherty. Named a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment report in March, Finastra has forged a variety of partnerships in the first half of the year, including deals with Al Taif Islamic Bank in Iraq and Silvergate Bank of San Diego, California.

Finovate Alumni News

On Finovate.com

  • The ID Co. Lands $2 Million.
  • Finastra Inks New Bank Partners for its Blockchain-Based Lending Platform.
  • ClickSWITCH Raises $13 Million in Series B.
  • masterqueue Closes First Round of Funding.

Around the web

  • Fintech Switzerland lists additiv, finhorizon, and clevercircles on list of wealthtechs offering more than just roboadvisory.
  • Forbes on how Tradeshift is fighting modern day slavery.
  • Mint Life names FamZoo on list of apps to teach kids about money.
  • IBS Intelligence features CustomerXPS’ Clari5 in its latest report.

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

  • Finn AI Brings Conversational Banking to South Africa’s TymeBank.

Around the web

  • Salt Edge unveils new version of API with a consent management system and UX enhancements.
  • MOXY bank selects NYMBUSSmartCore platform.
  • InComm and WH Smith launch in-store and online hubs for game cards in the U.K.
  • STOblock interviews Bitbond Founder and CEO Radoslav Albrecht.
  • India’s Federal Bank turns to Ripple to power cross-border remittances.
  • Khaleeji Commercial Bank of Bahrain partners with Token.io.
  • Finastra hires Sharon Doherty as its new Chief People Officer.
  • Equifax collaborates with Wolters Kluwer to offer Current Expected Credit Losses (CECL) solution.
  • Raiffeisen Bank Serbia picks Asseco SEE as its strategic vendor.
  • NF Innova to power “Customer-First” experience for APS Bank.

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

  • LendingFront, Veridium, Voca.ai Join Mastercard’s Start Path.

Around the web

  • Kinetica releases active analytics platform to simplify architecture and deliver analytical applications at scale
  • Tango Card partners with StatementGames to deliver e-gift cards as a redemption option for StatementGames players.
  • Larky wins big at Finastra’s Innovation Challenge

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

  • Once SaleMove, Glia Raises $20 Million in Post-Rebrand Funding.
  • Doxo to Provide Electronic Billpay Solution to R.R. Donnelley & Sons Company.

Around the web

  • Low code development platform OutSystems reports record revenues for 2018.
  • NICE Robotic Process Automation (RPA) teams up with CallVU.
  • Finastra named a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment report.
  • Kony named a leader for low-code development platforms by independent research firm.
  • OurCrowd announces it has raised $1 billion to date.

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 Global: Jumio Lands in Brazil; TurnKey Lender Raises Capital

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Central and South Asia

  • Pakistan-based payment system operator and PSP Mobi Direct selects Worldline for its digital infrastructure platform.
  • State Bank of India partners with Hitachi Payment Services on joint venture to support digital payments in India. SBI also picked Financial Software and Systems to implement its “One Nation, One Card” digital payments program.
  • Inc42 lists 5 Trends in Fintech You Will See in 2019.

Latin America and the Caribbean

  • Jumio opens office in Brazil and operations center in Barranquilla, Colombia, as part of expansion into Latin America.
  • Mexico’s central bank turns to Amazon for public mobile payment system.
  • Banco Bolivariano of Ecuador deploys mobile banking technology from Diebold Nixdorf.

Asia-Pacific

  • TurnKey Lender locks in new investment from OSK Ventures.
  • United Overseas Bank (UOB) of Singapore launches its Smart Business Transformation Programme for SMEs in Thailand.
  • Malaysia’s Maybank introduces its e-wallet service for cashless payments.

Sub-Saharan Africa

  • Veridium teams up with Blue Turtle Technologies to drive deployment of biometric technology in Africa.
  • Nigeria’s United Bank for Africa (UBA) goes live in the U.K.
  • People’s Bank of Zanzibar launches new core banking system with technology from ICSFS.

Central and Eastern Europe

  • Russia’s Alfa-Bank joins Marco Polo Network to offer blockchain-based trade and supply chain finance services to its clients.
  • Kontomatik earns license from Bank of Lithuania to operate as an AISP in 11 EU countries.
  • Palestine Islamic Bank to deploy Temenos Infinity and Temenos T24 systems as part of its digital transformation efforts.

Middle East and Northern Africa

  • Al Taif Islamic Bank to deploy Sharia-compliant, core banking technology from Finastra, Fusion Islamic.
  • Working group supported by TheCityUK and Turkish stock exchange Borsa Istanbul launch joint effort to promote Islamic fintech solutions.
  • Scoop Empire looks at the UAE’s role in foster innovation in fintech, especially with AI.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • AI Foundry Launches New Automation, Mortgagetech Solutions.
  • Video Conferencing Specialist 24sessions Scores $1.1 Million.
  • Voleo and Nasdaq Launch Second Student Equity Trading Contest.
  • Figo to Merge with Finreach Solutions.

Around the web

  • Modo launches its /Checkout solution to make payments easier for ecommerce merchants.
  • Al Taif Islamic Bank to deploy Sharia-compliant, core banking technology from Finastra, Fusion Islamic.
  • First State Community Bank picks ProfitStars’ Commercial Lending Center Suite.
  • CardFlight adds invoicing functionality to its SwipeSimple 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.