FinovateEurope Sneak Peek: Five Degrees

FinovateEurope Sneak Peek: Five Degrees

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Screen Shot 2017-01-23 at 4.27.53 PMA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Five Degrees, the Dutch fintech company, is proud to present their new robo advisory solution.

Features

  • Offers an open API; digital customer platform
  • Provides a seamless integration with any available service needed
  • Powers a shift towards customer centricity, delivering a more relevant service

Why it’s great
New digital financial services are emerging with an automated, compliant core and a connection layer for all kinds of third parties to tap into. This is the new digital marketplace banking.

Finovate Alumni News

On Finovate.com

Around the web

  • Betterment unveils new multi-plan offering with access to human advisors.
  • Green Dot to acquire UniRush and its prepaid card business, RushCard, for $167 million.
  • Fidor partners with EPAM Systems to gain access to additional product development and software engineering talent.
  • D3 reports record revenue in 2016, up 160% from 2015.

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

  • Revolut Unveils Billsplitting Feature.
  • Check out this week’s FinDEVr APIntelligence.
  • ThreatMetrix Shows Off its Strongest Year Yet.
  • Société Générale to Launch Personetics-Powered Chatbot.

Around the web

  • Five Degrees provides CRM and BPM technology for new UK robo advisor, Munnypot.
  • Coinbase wins New York State Department of Financial Services (NYDFS) virtual currency and money transmitter license.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.
  • PwC and Oracle team up to help FIs meet new accounting standards.
  • Handpoint expands line of commerce solutions with semi-integrated mobile EMV for cloud POS.
  • Guardian Analytics appoints Varouzhan Ebrahimian as the company’s new Chief Technology Officer.
  • Finextra: Blockchain launches Digital Asset Research Lab.

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.

Five Degrees Raises $10 Million in New Funding

Five Degrees Raises $10 Million in New Funding

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A new investment of more than $10 million (€10 million) will help core banking technology provider Five Degrees focus on both product development and global expansion. The funding comes courtesy of new investor Karmijn Kapitaal and existing investors, 5Square and Velocity Capital.

Calling Karmijn Kapitaal “more than just a new shareholder,” Five Degrees CEO Martijn Hohmann said the investment was a “sign of trust in our belief that delivering top technology is about people and creating an environment that is about unconventional thinking brought to perfection.” Karmijn Kapitaal partner Hadewych Cels added that the investment in Five Degrees represented a “unique opportunity to broaden” his firm’s portfolio. “We see Five Degrees as a winner in FinTech,” Cels said.

Five Degrees’ Matrix digital banking platform provides retail and private banks with a fully automated solution that supports any product or channel via a web-based, mid-office environment connected to either the client’s legacy back-office or Matrix’s. The technology can be deployed in a variety of pre-set configurations ranging from retail and SME banking to micro finance. The Matrix platform was recently deployed by LeasePlan Bank.

Five Degrees demonstrated its back-office solution, Matrix Accounts, at FinovateEurope 2016. This past spring, Five Degrees was named to FintechCity’s Fintech50 2016 and won the Banking & IT category at the Dutch Fintech Awards. Last summer, Five Degrees announced the addition of new chief commercial officer, Peter-Jan van de Venn. Five degrees was founded in 2009 and is headquartered in Breukelen, The Netherlands.

Finovate Alumni News

On Finovate.com

  • “Five Degrees Raises $10 Million in New Funding”

Around the web

  • Through partnerships with Arvest Bank and First Tennessee Bank, D3 Banking adds 1+ million users to its digital banking platform.
  • Jack Henry partners with Early Warning to offer P2P payment service Zelle to FI clients.
  • TIS deploys cloud-based forms-processing integrated with Salesforce for electricity supplier Powercor Australia.
  • Credit Karma expands operations to Canada.
  • Lending Robot files to form pooled investment fund.
  • Xero launches Xero HQ for accountants and bookkeepers.

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.

Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame

Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame

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FinTechCity unveiled its new FinTech50 Hall of Fame this week at the Money 20/20 event in Copenhagen, Denmark. Finovate alums took six out of the ten spots.

The “founding ten members” of TheFinTech50 Hall of Fame are companies that “have featured on our radar since the days when they could reasonably be called startups,” say FinTech50 founders Julie Lake and Nicky Cotter, writing in The FinTech50 2016 Yearbook. “In recognition of their pioneering spirit and competitive staying power, we felt they deserved their own special place within a list of remarkable game-changers,” the founders wrote.

FinTechCity also presented The FinTech50 2016, its roster of the fifty hottest FinTech businesses in Europe. Of the 50 companies selected by the panel of more than 30 industry experts who poured over more than 1,200 candidates, a full baker’s dozen were Finovate—or FinDEVr—alums.

Read the full list.

Lake and Cotter called this year’s competition “the most hotly contested FinTech50 in its four-year history.” The founders also highlighted differences from the 2015 list, with this year’s roster featuring more companies innovating in “security, compliance, and risk.”

Also noteworthy was the number of European fintech companies from the United Kingdom (more than 30 out of the 50). The founders credited this to the U.K.’s broader access to funding, as well as the region’s local talent, and “favorable regulatory environment.” Lake and Cotter also praised other emerging European fintech communities in Amsterdam, Berlin, and Stockholm.

In addition to The FinTech50 2016 and its new Hall of Fame, FinTechCity also announced its FinTech20 India and FinTech20 Hong Kong. Finovate alums were represented here with Demystdata (FinovateAsia 2012) earning a spot in the Hong Kong 20, and Bank Bazaar (FinovateAsia 2012) getting recognition in the India 20. Lastly, The FinTech50 shared “The Hot Ten,” a roster of companies on their watch list for 2016. Here, Finovate alum, Ormsby Street (FinovateFall 2015), was recognized on that list.

Finovate Alumni News

On Finovate.com

  • Commentary: “”Prosper Signals Move into PFM with $30 Million Acquisition of BillGuard
  • Thanks to Xignite, the #FintechRevolution Will Be API’d”

Around the web

  • Lending Club adds Indiana, Kansas, and Nebraska, expanding its services to 36 states.
  • Premier Bank in Bangladesh extends payments agreement with TSYS, upgrading to PRIME4.
  • iSignthis to provide KYC services to Danish payment processor and card acquirer, Clearhaus, beginning in early 2016.
  • LeasePlan Bank implements Matrix digital banking platform from Five Degrees.
  • Peoples Bank & Trust hires Insuritas to launch turnkey insurance agency.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • TABB Research features Heckyl Technologies, Market Prophit, PsychSignal, and TickerTags in its new report on “social alpha 2.0.”
  • Nexmo teams up with mobile operator, H3G, to bring its SMS-based user-authentication technology to Sweden and Denmark. See Nexmo at FinDEVr 2015 in San Francisco next month.

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

  • “Realty Mogul Builds $35 Million in New Funding”
  • “Fastacash Secures $15 Million in Series B Investment”
  • “Fenergo Raises $75 Million from Insight Venture Partners”

Around the web

  • InComm adds new brands to its Incentives e-commerce site, including vacation brands.
  • Green Dot opens subsidiary in Shanghai.
  • Citizens 1st National Bank introduces mobile remote deposit capture with integration of Malauzai SmartApp, Ensenta mRDC.
  • Liz Loewy, senior vice president for EverSafe, spoke about elder financial abuse at White House Conference on Aging.
  • Arxan Technologies partners with Sequent to develop new security solution to protect HCE-based payment systems.
  • Five Degrees appoints Peter-Jan van de Venn as new chief commercial officer.
  • BBVA Group inks strategic agreement with the Alliance for Financial Inclusion.
  • Business Insider names executives of Braintree, PayPal, Coinbase, and Venmo as 5 of 10 execs who are transforming the fintech industry.
  • Kotak Securities and Heckyl launch real-time news and market-info apps.
  • Cachet Financial Solutions to deploy Select Mobile Money platform for SOLE Financial’s Visa Paycard.
  • MyOrder teams up with WirecardGroup to issue contactless mobile cards using HCE technology.
  • Algomi wins “FinTech Innovation of the Year” honors at 2015 Euromoney Global Awards for Excellence.
  • Wealthfront lowers its minimum investment to $500.
  • Bank Innovation takes a look at how startups like SizeUp help banks work better with small businesses.
  • Authentication specialist BioCatch earns a pair of patents from the U.S. Patent Office.

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

  • HedgeCoVest Wins Top Honors at 2015 Benzinga Fintech Awards

Around the web

  • oneID launches its simple, free solution to secure personal information online across all devices.
  • Born2Invest talks about “thematic investing” in its review of Motif Investing.
  • Currency Cloud opens offices in New York, kicking off its U.S. expansion.
  • Select Mobile Money from Cachet Financial Solutions now supports Apple Watch.
  • Sberbank launches new digital platform based on technology from Backbase.
  • Five Degrees named winner of Dutch FinTech Awards in Banking & IT category.
  • PYMNTS looks at Ezbob’s role in SMB lending in the United Kingdom.
  • PayNearMe enables customers of LA Covered to pay their monthly premiums in cash.
  • Critical Mass radio show interviews Sekur.me CEO Jack Bicer.
  • Trulioo wins Europe’s 2015 Digital Identity Innovation Award. Watch Trulioo demo live at FinovateSpring.
  • NAB links core API technology to Xero’s accounting cloud ecosystems, connecting client’s online bank to their Xero account.
  • Authentify enables E-Transfer Technologies to protect currency trading accounts with mobile multifactor authentication.
  • Forbes: Kony and Soasta partner to close the mobile development and monitoring loop.

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.

Five Degrees Launches Mid-Office Services Suite, Matrix Universe

FiveDegrees_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Next up is Five Degrees, the developer of Matrix, a core BP engine and banking solution.
The world of services is here. Connecting with other parties, including non financial, is key to a modern bank’s success. That is why Five Degrees is introducing Matrix Universe, a set of extensions on our Mid-Office Services Suite that enables banks to fully manage their partnership ecosystem. For retail and SMEs, transactions and loyalty, infrastructure and data analytics, apps and services can be added. Built around our visual BPM engine means no coding is required.
Presenters: Chief Commercial Officer Brian van Wachem; CTO Björn Holmthorsson
 
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Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Breukelen, Netherlands
Twitter: @fivedegrees

Finovate Alums Populate the FinTech50

Looking for the most innovative startups in fintech? The FinTech50 is a great place to start.

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It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity’s panels of judges as being “game-changers transforming the future of finance,” nearly half are alumni of Finovate conferences – including our upcoming event in London.
Here is the list of alums in alphabetical order:
According to Chris Skinner, who was one of the panelists, more than 700 companies competed for spots in the FinTech50. The selection panel included veterans of finance and technology from companies ranging from American Express and Google to Silicon Valley Bank and UBS. The FinTech50 winners were announced at an invitation-only event in London.
Speaking of London, Five Degrees, InvoiceSharing, Ixaris, mBank, and Trunomi will be in town next month, demonstrating their latest solutions at FinovateEurope 2015, February 10 and 11. More information on the event available here.

Five Degrees Launches Matrix, the Universal Bank in the Cloud

FiveDegreesLogo.jpgThis post is part of our live coverage of FinovateEurope 2014.

Our next innovator is Five Degrees, showing how they have leveraged their core BPM universal banking solution to provide a suite of new services:
Matrix Accounts is a modern lean back office solution that manages product and admin specific data for the benefit of the mid and front office operations. Matrix Accounts is designed for existing banks, as well as banks of the next generation. With a focus on automation, flexibility, traceability and security, Matrix Accounts is the solution for lowering cost and enhancing agility in the banking environment. Matrix Accounts incorporates a highly flexible product builder to support the varying needs of different kinds of banks: retail, commercial and investment. Matrix Accounts comes with basic features, covering all standard needs of any bank.”
Presenting Bjorn Holmthorsson (Co-Founder & CTO) and Brian van Wachem (Chief Commercial Officer)

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Product Launch: February 11, 2014
Metrics: Software company founded in 2009, delivering front-to-back next generation banking platform, operating with 45 staff from the Netherlands, Iceland and Luxembourg, ISAE 3000 certified, revenue 2012 €3.3 million, 2013 expected revenue €3.7 million; funding: Angel rounds (2009/2010): €2 million, Series A (2011): €3 million, April 2013: €1.5 million
Product Distribution Strategy: Licensed
HQ: Breukelen, Netherlands
Founded: 2009