FIS

Finovate Alumni News

By David Penn Posted on
Categories: CUneXus, FIS, Fiserv, Intelligent Environments, Nostrum Group, PayPal, Shoeboxed, Signifyd, Topicus, Tradeshift, Trading Ticket

On Finovate.com

  • “CUneXus Raises $1 Million, Signs Partnership with Edmunds.com”

Around the web

  • Tradeshift brings its procure-to-pay solution to Zurich Insurance Group.
  • Suffolk Country National Bank to deploy Fiserv technology to improve customer experience.
  • FIS joins the CardLinx Alliance.
  • Signifyd adds Bill McKiernan, founder of CyberSource, to its board.
  • Shoeboxed earns a spot on NerdWallet’s list of must-have apps for entrepreneurs.
  • Trade IT named runner-up in Wealth Management category of the Fin Track Awards for its Trading Ticket solution.
  • Nostrum Group CEO Richard Carter featured on the cover of the Yorkshire Business Insider.
  • Topicus Finance mentioned in Banken.nl column on the rise of crowdfunding in the Netherlands.
  • Simon Cadbury of Intelligent Environments writes about digital-only banks for TechWeek Europe.
  • “European Breakout List for 2016” features several Finovate alums.

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.

 

Share this:

Send Post Twitter LinkedIn Facebook

2015: A Year in Finovate Alumni Mergers and Acquisitions

2015: A Year in Finovate Alumni Mergers and Acquisitions
By David Penn Posted on
Categories: Akimbo Financial, Aurora Financial Systems, Authentify, Blockstack.io, eMoney Advisor, Finicity, FIS, Funding, Fundings, FutureAdvisor, GoNow, Guide Financial, Kofax, Kontomatik, Kreditech, LearnVest, Mergers & Acquisitions, Q2, ReadyForZero, Red Zebra, Social Money, Stratos, Toopher, Urban FT, Wipit, Yodlee

Handshake_graphic

2015 was another big year for mergers and acquisitions in the fintech industry. And whether they were the acquirer or the acquired, Finovate alums were very much a part of the M&A action.

Because terms of many deals were undisclosed, it is difficult to get a precise number on how much money was spent acquiring some of fintech’s most promising startups this year. But looking just at those acquisitions for which figures were available, we can see that 2015 was a banner year in M&A (more than $7 billion) — and that’s just counting alums.

So from the $5 billion deal between FIS and Sungard to the “alum-acquires-alum” mergers of September 2015, let’s take a closer look at some of the major unions of the year that featured Finovate alums.

December

October

September

August

July

May

April

March

February

January

If you’re a Finovate alum whose merger we’ve missed or acquisition we’ve overlooked, let us know. Send us an email at research@finovate.com.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Azimo, Bento for Business, Braintree, Caaapital, Dwolla, Fastacash, FIS, Green Dot, Karmic Labs, Moven, PayPal, Prosper, Ripple, Silanis Technology, Toshl, TransferWise, Twilio

On Finovate.com

  • “Take Two: Toshl Launches Version 2.0 for iOS and Web”
  • “Ripple Technology Drives Invoice Trading Platform”
  • “Moven to Forgo Username, Password for 80% of Mobile Account Interactions”

Around the web

  • FIS launches new fintech accelerator in collaboration with Arkansas-based Venture Center.
  • Prosper Marketplace taps Kunal Kaul as its new EVP of Operations.
  • Newsfactor Business Report looks at prepaid debit cards for businesses offered by Green Dot, Karmic Labs, and Bento for Business.
  • eSignLive from Silanis Technology named a leader in digital transaction management by Aragon Research.
  • Azimo and TransferWise featured in The Telegraph as safe ways to give money during the holidays.
  • The Asset highlights Fastacash in a review of how fintech is changing finance in Asia.
  • Twilio Video now available to everyone in public beta.
  • PayPal’s Braintree now powers Facebook payments.
  • Dwolla introduces Dwolla.js javascript library that allows platforms to verify bank accounts and transfer funds without storing sensitive information.

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.

Share this:

Send Post Twitter LinkedIn Facebook

FIS Closes SunGuard Acquisition to the Tune of $5.1 Billion

FIS Closes SunGuard Acquisition to the Tune of $5.1 Billion
By Julie Muhn (@julieschicktanz) Posted on
Categories: Acquisition, FIS

FISHomepage15

Fintech giant FIS Global (NYSE:FIS) closed a $5.1 billion deal to acquire software and technology services company, SunGuard.

The deal boots FIS to 55,000 employees and a combined revenue of $9.3 billion. As a part of the acquisition, the Florida-based company will repay SunGuard’s outstanding debt.

In a statement, FIS president and CEO Gary Norcross states:

This acquisition creates one of the broadest sets of technology assets and market expertise in the industry, and allows FIS to present new opportunities to our existing client base as well as to financial services markets that we have not historically served.

At FinovateSpring 2015 in San Jose, FIS debuted Cardless Cash, a mobile app that enables users to retrieve cash from ATMs using their smartphones. The application protects cardholders from ATM skimmers and uses in-app biometric authentication. Check out the live demo video.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ArcBit, Avalara, Betterment, blooom, Credit Sesame, CSI globalVCard, Digital Insight, FIS, FutureAdvisor, Personal Capital, Prairie Cloudware, Q2, Quisk, SigFig, Taulia, Temenos, Trulioo, Trunomi, Trustev, Trustly, TSYS, Xignite

On Finovate.com

  • Check out this week’s “FinDEVr APIntelligence”
  • “Finovate Debuts: ArcBit Introduces its Secure, Easy-to-Use Bitcoin Wallet”
  • “FIS Closes SunGuard Acquisition to the Tune of $5.1 Billion”

Around the web

  • CSI globalVCard launches partnership program for banks for its electronic payments program.
  • SavingAdvice.com highlights how Personal Capital can help you gain control of your finances.
  • Credit Sesame features millennial-friendly robo-adviser investment-platforms: Betterment, FutureAdvisor, SigFig, Blooom.
  • Quisk selected as a 2015 Red Herring 100 Global Winner.
  • TSYS signs payments agreement with Atlanticus to continue support of loan-origination platform, Fortiva.
  • Digital Insight unveils Business Banking, an SaaS solution to enable FIs to offer personalized banking experiences to business customers.
  • Q2 opens new offices in Lincoln, Nebraska, to accommodate growth, acquisition of Centrix Solutions.
  • Xignite Market Data APIs now available on SoundHound’s Houndify sound recognition and search-technology platform.
  • Let’s Talk Payments features Trustev, Trulioo, and Trunomi in its look at “RegTech” startups in Europe and the U.S.
  • Temenos wins “Best Provider of Front-to-Back Wealth Suite Solutions” at Asian Private Banker’s Technology Awards 2015.
  • Avalara partners with open-source billing and payments platform, Kill Bill.
  • Silicon Prairie News interviews Daniel Carnes, CSO at Prairie Cloudware, on the future of cybersecurity.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arroweye Solutions, BehavioSec, Bento for Business, BioCatch, Comarch, Dealstruck, Dwolla, FIS, Kantox, Klarna, Lendio, Lighter Capital, Markit, Open Bank Project, TESOBE, Zopa

On Finovate.com

  • “Lighter Capital closes $9 Million Series B Funding Round, Raises $100 Million to Lend to Tech Startups”
  • “Dwolla Helps Seamless Deploy its Mobile Wallet in the United States”

Around the web

  • PYMNTS records 2015 payment-trend insights from multiple Finovate and FinDEVr alums.
  • Arroweye featured in Credit Union Journal.
  • Kantox brings free and automatic SWIFT messages to its clients.
  • Dealstruck and Lendio release eBook.
  • The Growing Business Awards names Zopa the Growing Business of the Year in the small business category.
  • American Banker highlights how Tesobe’s Open Bank Project is working toward an API-based banking model.
  • Markit and CLS unveil new streamlined process for cross-currency-swaps settlement.
  • Let’s Talk Payments looks at Klarna and its unconventional approach to authentication.
  • FIS closes SunGard acquisition.
  • BioCatch adds Gadi Maier and Howard Edelstein to its board of directors.
  • Comarch implements Field Service Management solution for receivables management specialist, the KRUK Group.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Bleu, CenturyLink, edo Interactive, EverSafe, FIS, Fiserv, Geezeo, Google, Kashoo, On Deck Capital, PaySimple, Personal Capital, Ping Identity, Prosper, RAGE, Stockpile, Stocktwits, TransferTo, Xero

On Finovate.com

  • “StockTwits Offers Brokerage Functionality Powered by Robinhood”
  • “Finovate Debuts: bleu Unveils its Beacon-powered, Point-of-Sale Solution”

Around the web

  • TechCrunch names Stockpile gift card on list of Awesome Gifts For Your Favorite 20-Something.
  • Prosper recognized as 24th fastest-growing company on Deloitte’s Fast 500. San Francisco Business Times places Prosper as number 3 of the Fastest Growing Companies of 2015.
  • Kashoo launches period-locking feature to lock data within prescribed timeframes.
  • Built in Colorado names Google, OnDeck, Ping Identity, Personal Capital, Xero, and PaySimple on list of top 100 tech companies in Colorado.
  • TickSmith’s TickVault platform earns the fast-growing firm an Innovators Award from FIA.
  • CenturyLink and Cogent enter into interconnection agreement.
  • RAGE Frameworks partners with Genpact, leveraging AI to automate financial processes.
  • Los Alamos National Bank chooses FIS as its new core banking provider.
  • National Bonds to deploy AML Risk Manager from Fiserv.
  • Geezeo launches its Life Infused Financial Experiences custom apps.
  • Let’s Talk Payments looks at edo Interactive and its partnership with Visa Europe.
  • Azimo extends its money-transfer service to Nigeria.
  • Fidelity Clearing and Custody teams up with EverSafe to help prevent elder financial abuse.
  • TransferTo joins forces with Continental Money to bring remittance services to Africa.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Banking Technology Awards Recognize Finovate Alums

Banking Technology Awards Recognize Finovate Alums
By David Penn Posted on
Categories: Fidor Bank, FIS, Fiserv, Misys, Temenos

PrintFidor Bank won in the “Best Use of IT in Retail Banking” category at the 16th Annual Banking Technology 2015 awards this week. Earning recognition in the Readers’ Choice component of the awards were Temenos, FIS, and Misys.

The awards ceremony was held last week in London. The winning companies were chosen from more than 120 entries by eight judges from the fintech industry. Readers’ choice awards were granted based on online voting results from readers of both Banking Technology magazine and bankingtech.com.

BT_2015Awards_group

Fidor Bank won with its Smart Current Account that offers customers easy onboarding, no credit check, no maximum balance, and a competitive interest rate. Deposits are insured up to the GBP equivalent of €100,000, and the company is running a promotion whereby every “Like” Fidor U.K. gets on its Facebook page increases the amount of interest paid to Smart Current Accountholders.

Talking about the launch of the Smart Current Account back in September, Fidor CEO Matthias Kroner told The Memo’s Alex Wood:

Customers will be able to do a lot more than just transfer money. Customers can move their money abroad, or move it into other services, such as savings bonds and eventually into platforms including P2P lending, precious metals, crowdfunding projects, and so on.

MisysIn the Readers’ Choice competition, Temenos won an award for Best Core Banking Product/Service; FIS won Best Payments Product/Service with its Clear2Pay; and Misys won Best Risk Management Product/Service for its FusionRisk Credit solution. All three companies were also winners of the Banking Technology Readers’ Choice Awards last year, along with fellow alum Fiserv, which in 2014 won an award for Best Financial Crime Product or Service.

Fidor-Bank-logoFidor Bank participated in FinDEVr 2015 in San Francisco this fall, discussing its approach to No Stack Banking. The company’s last Finovate appearance was at FinovateEurope 2011 in London.

Temenos_FinDEVr2015_logoTemenos also presented at FinDEVr 2015, unveiling its B2B Financial Apps Marketplace, and earlier in the year demonstrated its Temenos Connect Mobile Banking solution at FinovateEurope 2015.

FIS LOGO WHITE GRADIENT 1.22.13FIS demonstrated its Cardless Cash solution at FinovateSpring 2015. Misys presented its FusionBanking Essence Digital platform at FinovateEurope 2015, and Fiserv introduced fintech audiences to its Mobility Enterprise technology at FinovateFall 2015.

Interested in fintech in the U.K. and Europe? FinovateEurope returns to London, England on 9/10 February 2016 for our next fintech conference. Find out more at our FinovateEurope 2016 page .

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Avoka, CREALOGIX, FIS, Fiserv, iSignthis, Top Image Systems, Trulioo

On Finovate.com

  • “Swiss Digital Banking Innovator CREALOGIX Raises CHF 25 Million”
  • “iSignthis Completes $10 Million Capital Raise”

Around the web

  • Landmark Bank to deploy core banking technology from FIS.
  • Avoka partners with Trulioo to provide digital identification authentication to international banks.
  • Telhio CU chooses Fiserv DNA account-processing platform.
  • Top Image Systems wins eFLOW5 contract upgrade with leading Pan-African financial services company.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Dwolla, FIS, Markit, Nomis Solutions

On Finovate.com

  • “Presentation Videos from FinDEVr San Francisco 2015 Are Now Available“

Around the web

  • Markit launches its WSO Credit Manager, a credit and portfolio analysis solution.
  • Dwolla teams up with CME Group to bring on-demand payments to the clearing and settlement process.
  • FIS and The Clearing House partner to build a ubiquitous, real-time payment system.
  • Nomis Solutions and Zafin announce strategic partnership to provide integrated and seamless deposit pricing solution for retail banks.

This post will be updated throughout the day as news and developments emerge. You can also follow all of the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: CardFlight, FIS, Fiserv, Insuritas, LendKey, mCASH, On Deck Capital, Xpenditure

On Finovate.com

  • Finovate Debuts: LendKey Enhances Lending-as-a-Service for Local Banks & Credit Unions.
  • Xpenditure Raises $5.7 Million in Series A.

Around the web

  • OnDeck again expands its partnership with the Association for Enterprise Opportunity to support access to capital for entrepreneurs and small businesses.
  • Norway’s SpareBank 1 acquires mCash for an undisclosed amount.
  • FIS launches Banking on Demand, targeting Indian banks and FIs.
  • First Hawaiian Bank to deploy digital banking, payments, and PFM solutions from Fiserv.
  • CardFlight and Cayan team up to provide EMV-ready mPOS solutions.
  • Deere Employees Credit Union hires Insuritas to open and manage its turnkey insurance agency.
  • Banking Technology features multiple Finovate and FinDEVr alums Readers Choice Awards.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: FIS, FutureAdvisor, HedgeCoVest, PayPal, WealthForge, Zumigo

On Finovate.com

  • “BlackRock Acquires Online Investment Adviser, FutureAdvisor.
  • “Finovate debuts: WealthForge is a Private Placement Compliance Engine Wrapped in Technology”
  • “Finovate debuts: INETCO Analytics Helps FIs Leverage Transaction Data to Boost Customer Engagement”

Around the web

  • HedgeCoVest adds two models to its platform.
  • Zumigo launches Assure Radius in India to protect consumers and merchants in the credit, debit and mobile payments market.
  • bobsguide ranks the $9-billion acquisition of SunGard by FIS as the #1 fintech M&A deal of 2015.
  • PayPal’s One Touch Instant Checkout platform now available in 13 new markets.

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.

Share this:

Send Post Twitter LinkedIn Facebook