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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
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.
Askari Bank selectsFinastra’s trade finance 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.
DriveWealthpartners with Bamboo to give Nigerians real-time access to trade 3,500+ stocks listed on the U.S. stock market.
OnDeckbuilds liquidity with new $125 million securitization.
Salt Edgeteams up with Exprivia to expand access to open banking solutions.
Insuritaspartners with Security Federal Savings Bank to launch digital insurance agency platform.
Coinbaseadds five new currencies to its Coinbase Card – XRP, BAT, REP, ZRX, and XLM – as it brings its card to ten new countries.
MastercardlaunchesMastercard Accelerate, a worldwide initiative that gives fintechs access to the company’s suite of digital solutions to help differentiate their offerings.
Finastrainks partnership with UAE-based United Arab Bank, which will deploy the company’s Fusion Corporate Channels and Fusion Cash Management solutions.
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.
Finicity’sAssetReadyReportsAccelerate the Prequal Process.
EnvestnetAddsYodlee FinApps to MoneyGuide’s MyBlocks.
Around the web
PyraMax Bank launchesPyraMax Insurance Services leveraging Insuritas’ digital insurance platform.
Finastra’s new Fusion Treasury Essentialhelps small banks with no dedicated treasury system automate their treasury function.
nCinoappoints David Rudow as Chief Financial 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.
Enterprise blockchain solution company Rippleteamed up with Finastra this week. The two are collaborating to enable Finastra clients to transact with RippleNet partners and make international money transfers.
RippleNet is Ripple’s global payment network that works across 40+ currencies and consists of more than 200 financial institutions. Because RippleNet leverages the blockchain, users are able to track funds, delivery time, and status.
“This partnership will enable Ripple to expand the reach and solutions for our partners, and the footprint of RippleNet while allowing customers to transact directly with each other,” said Marcus Treacher, SVP of Customer Success at Ripple.
Riteesh Singh, Senior Vice President, FMS, Finastra said that the partnership will prove “particularly beneficial” to Finastra’s clients that rely on correspondent banks. That’s because, since RippleNet runs completely on the blockchain, transaction fees are lower than the industry average.
Ripple has offices in San Francisco, New York, London, Luxembourg, Mumbai, Singapore, Sydney, and, as of July, Brazil. At FinovateSpring 2013, company co-founder Chris Larsen debuted Ripple (originally known as OpenCoin). Ripple started this year by surpassing 200 customers and, in June, the company formed a strategic partnership with MoneyGram.
Finastra formed in 2017 from the combination of Misys and D+H after Vista Equity Partners acquired Misys in 2012 and bought D+H in 2017. Misys demonstrated its FusionFabric.cloud technology at FinovateEurope 2017.
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.
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.
OurCrowd to open its 13th global office in São Paulo, Brazil.
Jack Henryappoints Ted Bilke as new CTO and promotes Greg Adelson to new Chief Operating Officer position.
Deloitte Romania and FintechOSpartner to offer banks digital transformation and automation solutions.
Finastralaunches Fusion Mortgagebot Data Insights, a tool to benchmark mortgage borrower information for banks and credit unions against other Fusion MortgagebotPOS users.
InCommadds Giant Eagle to its Healthcare OTC Network.
Westcon-Comstor to distributeCheck Point Software.
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 60 lenders join the CrediVia marketplace to source commercial loans.
Bill.com now facilitates payments in more than 130 countries and 100+ currencies.
Dwollapartners with TransferMate Global Payments to allow customers and their end users the ability to make and receive international payments.
Quadient parent company Neopost changes its name to Quadient.
InCommpartners with Mizuho Bank to expand J-Coin Pay in Japan.
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.
FICO and risk investigation solutions provider Arachnys partner to help FIs improve their client onboarding and record management processes.
Bill.comcelebrates grand opening of new Houston office.
Finicityships new Verification of Income and Employment (VOIE) solution using TXVerify technology.
SecureKeycollaborates with Digital Bazaar to streamline organizational identity proofing.
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.
Join us in October as our annual Asia-Pacific fintech conference returns to Singapore! FinovateAsia is one of the best ways for fintech startups and innovative industry veterans from the region and around the world to showcase their latest technologies before an audience of C-level decision-makers, venture capitalists, all-star analysts, and more.
For information on how to participate in FinovateAsia as a demoing company, partner, or sponsor, send us an e-mail and we’ll tell you everything you need to know.
Middle East and Northern Africa
A partnership between R3 and Dubai’s platform-as-a-service company Wethaq will help digitize Islamic capital markets.
Working capital solution provider Demica goes live with supply chain finance technology from Saudi British Bank.
National Bank of Bahrain unveils new bulk cash deposit machines with secured with a biometric scan.
Central and Southern Asia
BharatPe, a digital payments company based in New Delhi, raises $50 million in new funding.
Tech Mahindra teams up with Adjoint to launch blockchain-based enterprise financial management and insurance services.
Bangalore-based fintech CRED announces $120 million funding round.
Latin America and the Caribbean
Mexican online lender Credijusto announces $42 million investment from Goldman Sachs and Point72 Ventures.
Brazilian online personal loan platform REBEL raises $42.2 million via financial loan securitization.
Forbes interviewsNubank founder and CEO David Vélez.
Asia-Pacific
Finastrataps Wissam Khoury as new head of its Asia Pacific (APAC) team.
Flywirepartners with Vietnam Prosperity Bank to simplify international tuition payments for Vietnamese students.
Avaloqappoints Imad Abou Haidar as its new Head of Asia.
Sub-Saharan Africa
South Africa’s Nomanini inks $4 million deal with Standard Bank.
Brink News looks at the “game-changing” potential of fintech in sub-Saharan Africa.
SME financing solution provider Nvoicia takes top honors at Seedstars Ghana competition.
Central and Eastern Europe
Tremend Software Consulting announces strategic partnership with Mastercard Romania.
CIO of AXA Poland Oliver Schemberg talks about the “people-led strategy” behind the success of its digital transformation.
Tax Compliance Innovator AvalaraPartners with Billing Automation Platform Ordway
Finovate Global: Indian Fintech Get Funding; Finastra, Avaloq Bring New Leadership to APAC
Around the web
Plaidbecomes a Nacha Preferred Partner for account validation.
Finastrataps Wissam Khoury as its new head of its Asia Pacific (APAC) team.
Revolutteams up with the WWF and The Rainforest Alliance to raise support for the Amazon rainforest.
Frost & Sullivan namesOnfido the winner of its 2019 European Technology Innovation award for its AI-based hybrid identity verification 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.
