Finovate Alumni News

On Finovate.com

  • “Tagit Locks in More than $8 Million in New Funding”

On FinDEVr.com

  • “Symbiont to Help Delaware Embrace the Blockchain”

Around the web

  • “OutsideIQ Launches Real-Time Risk Monitoring Tool”
  • Check Point launches free Security Checkups for Australian and New Zealand enterprises.
  • Business Insider covers the birth of BlackRock’s FutureAdvisor.
  • NuData Security more than doubles behavioral transaction volume in the past year, following rapid adoption of its NuDetect solution.
  • Ayondo doubles Revenues in 2015 to £7.3 million.
  • Jack Henry extends Banno platform to Windows 10.
  • Avalara discusses plans to use blockchain technology to track asset ownership.
  • Matchi to host the Liberty Fintech Challenge 2016.
  • CIO.com quotes Bazaarvoice CMO Sara Spivey on marketing to millennials with user-generated content.

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

  • Check out this week’s FinDEVr APIntelligence.
  • “Avalara, Signifyd Bring Sales Tax, Fraud Solutions to Magento E-Commerce Marketplace”
  • “Ixaris Receives $6 Million in Funding After Spinning Off from Parent Company”

Around the web

  • BankNxt’s BIGcast interviews CEO Steve Hoffman of SayPay Technologies.
  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Algomi partners with IPC Systems to support buy-side users of its Honeycomb network.
  • Bank Innovation takes a look at CBANC and its effort to make social media work for banks.
  • “AuthenticID Wins All Payments Expo Shark Tank with CatfishAIR Identity Verification Solution”
  • Chase launches OnDeck-powered SMB Loan platform.
  • “CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market”
  • MIT adopts Ripple validator to advance consensus and blockchain research.
  • “LPL Selects BlackRock’s FutureAdvisor as Robo Platform”
  • CIOReview names Praesidio in list of top 20 Most Promising Banking Technology Solution Providers for 2016.

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

  • “Straight Outta Beta: Flex Credit from BlueVine Now Available for SMEs

Around the web

  • CAN Capital reaches $6 billion milestone in working capital provided to small businesses.
  • Bloomberg Quick Take features FutureAdvisor, Wealthfront, Betterment, and Financial Guard in a look at robo-advisers.
  • Misys adds Mourad Ayachi and Bob Kubala to its investment management division.
  • “CardFlight Releases New Data Showing Trends on EMV Chip Card Usage in the United States”
  • The NYT ranks top fintech companies, including multiple Finovate & FinDEVr alums.

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

  • “Persado Pulls in $30 Million in Funding Led by Goldman Sachs”
  • “Ally Financial Acquires TradeKing for $275 Million”

Around the web

  • Mistral Mobile unveils its new, two-factor authentication solution, m-Aegis Secure OTP.
  • Azimo announces expansion within Denmark and Sweden.
  • TransferTo adds GGV Capital venture partner, Lee Kheng Nam, to its board of directors.
  • Alpha Payments Cloud teams up with WeCollect to launch China Payments Cloud.
  • Broadway Bank selects Micronotes’s cloud-based marketing automation platform to boost digital customer engagement.
  • RBC partners with BlackRock’s FutureAdvisor for robo-adviser pilot program.
  • “OutsideIQ Chosen To Participate In Brazilian Innovation Summit”

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

  • “Santander and Kabbage Partner to Bring Same-Day Funding to U.K. SMEs”
  • “iSignthis Facilitates Instant Bitcoin Purchases on Coinify”

On FinDEVr.com

Around the web

  • Trunomi announces partnership with InAuth, combining fraud protection with mobile customer onboarding and lifecycle management.
  • MyMoneyMobile selects real-time, ID scanning technology from Jumio.
  • Investment News looks at how Betterment and Wealthfront have added data aggregation, and considers Vanguard’s partnership with Envestnet|Yodlee.
  • InvestorDaily considers the pending release of BlackRock’s FutureAdvisor in Australia.
  • Featurespace selected as a finalist for the 2016 RedHerring Top 100 Europe Award.
  • Barlow names Xero TaxTouch most innovative at 2016 Banking Technology Awards.

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.

BlackRock’s FutureAdvisor Collaborating with RBC Wealth Management

FutureAdvisorHomepage1.12.16

Digital wealth management solution provider FutureAdvisor recently made it big when it was acquired by investment management company BlackRock in 2015.

This week the robo-advisor announced another endorsement. The U.S. branch of RBC Wealth Management is launching a pilot program called RBC Investor Gateway that offers clients a digital advice option powered by FutureAdvisor.

The terms of the deal were undisclosed. As far as the mechanics for the agreement are concerned, RBC will act as the custodian of all of the Investor Gateway client assets and will take responsibility for producing and distributing account statement and tax documents.

RBC makes it clear that Investor Gateway is not meant to replace traditional financial advisors. Rather, the product is intended to serve as a stepping stone for budding investors to build a relationship with RBC Wealth Management as a financial advisor.

Financial Planning quotes Corporate Insight Consulting’s Sean McDermott:

“It gives RBC an opportunity to establish relationships with younger potential clients, who may be comfortable with digitally grounded advice to start, but who will eventually want a relationship with a human advisor. For FutureAdvisor, this further reinforces the brand’s legitimacy and position as a leader in the digital advice space.”

McDermott employs the phrase “further reinforces,” because FutureAdvisor has experienced plenty of recent success:

FutureAdvisor’s Founder & CEO Bo Lu demoed its premium service at FinovateFall 2013.

Finovate Alumni News

On Finovate.com:

  • BlackRock’s FutureAdvisor Collaborating with RBC Wealth Management.

Around the web:

  • LHV, Estonia’s largest domestic bank, integrates with the TransferWise API.
  • Quorum Federal Credit Union implements automated workflow solution from Jack Henry & Associates’ Symitar division.
  • FIS launches ATM TestBench, providing banks with automated testing for their physical ATMs.
  • Online trading platform Investfly integrates with the Tradier brokerage API.
  • Malauzai surpasses 1 million SmartApp downloads.
  • Product Review publishes positive assessment of Cortera Pulse.
  • Kasasa launches in-branch-sales Tool Builder with optional identity protection.

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

  • FinovateEurope 2016: Meet the Faces of Fintech.

Around the web

  • Ixaris CEO Alex Mifsud shares his payment predictions for 2016.
  • i-vest.de reviews social trading platform, ayondo.
  • PYMNTS.com takes a look at App Annie’s recent $63 million funding.
  • Currency Fair considers plan to offer Irish businesses free money transfers abroad.
  • EyeVerify earns FIDO Alliance certification for its Eyeprint ID authentication technology.
  • Investment News features several Finovate alums in a look at roboadvisors attracting investment dollars as 2016 begins.
  • Zopa gives account views a makeover for the new 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.

 

BBVA Compass to Leverage BlackRock-owned FutureAdvisor

FutureAdvisorHomepage1.12.16

Retirement and college savings robo-advisor, FutureAdvisor, announced its first major bank partner today.

The San Francisco-based company has partnered with BBVA Compass which will use FutureAdvisor to power a digital investment service for its clients.

The announcement comes five months after investment manager BlackRock acquired FutureAdvisor for an undisclosed amount, prompting the robo-advisor to change its customer-acquisition strategy from direct-to-consumer to business-to-business.

BBVA hopes the partnership will help it engage with millennial customers who aren’t currently using its investment services and are seeking a digital experience. As BBVA Compass Chairman and CEO Manolo Sánchez says, “The ultimate goal here is to help our clients take greater control of their finances so they can build bright futures.”

screenshot_ipad_retirement

BBVA clients, who will gain access to FutureAdvisor’s services later this year, can either link their external investment accounts and receive a customized investment plan, or they can opt for a managed portfolio in which assets are held through the bank’s broker-dealer affiliate, BBVA Compass Investment Solutions.

FutureAdvisor is not the first Finovate alum with which BBVA has formed ties. The bank, which has 672 branches across the U.S., acquired Simple in 2014, and partnered with Dwolla in the spring of 2015 to leverage the startup’s FiSync for real-time transfers.

Since launching its service in 2013, FutureAdvisor has managed more than $700 million in client investments. The company received the World Economic Forum’s Technology Pioneer award in 2015, and Euromoney’s Best American Wealth Management Innovator award in 2014.

FutureAdvisor CEO Bo Lu debuted its premium offering at FinovateFall 2013 in New York.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Alerts from Ethoca Foils Fraudsters”
  • “BBVA Compass to Leverage BlackRock-owned FutureAdvisor”

Around the web

  • Fenergo forges strategic partnership with Markit and kyc.com, bringing its client lifecycle management solution to FIs.
  • Union Bank & Trust to leverage Digital Payments Guardian from Prairie Cloudware to power its new bank-branded mobile wallet.
  • SunTrust Bank selects the Enterprise Risk Case Management (ERCM) solution from NICE Actimize.
  • Former FDIC chair Sheila Bair gives Blooom a “ringing endorsement” during a recent visit.
  • Jack Henry & Associates promotes former president David Foss to CEO; Jack Prim transitions to executive chairman of the board.
  • Emailage and Quatrro Processing team up to provide end-to-end, anti-fraud and chargeback-management solutions to merchants.
  • Pymnts talks to Kashoo about connecting with SMEs that procure through Amazon Business.

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.