Finovate Alumni News

On Finovate.com

  • Best of Show Winner Banzai Teams Up with GreenPath to Boost Financial Literacy.
  • Digital Onboarding to Boost Customer Engagement for Manatee Community FCU.
  • Finovate Global: Settle Launches Mobile App in Croatia; Sr. Pago Partners with American Express.

Around the web

  • Mastercard acquires global payments firm Transfast.
  • Chatbots.Studio partners with Digital Flex Solution to become their first technical partner and adviser. Check out Chatbots.Studio at FinovateFall in September!
  • CREALOGIX wins Best Wealth Management User Interface at the 2019 Systems in the City Financial Technology Awards.
  • Sports Business Daily interviews Everfi Head of Global Partnerships Jon Chapman.
  • HackerOne achieves ISO 27001 certification.
  • Gartner’s 2019 Market Guide for In-App Protection recognizes Jscrambler for its client-side security technology.
  • Ping Identity earns Best Identity Management Solution honors at the 2019 SC Awards Europe.

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.

HackerOne to Help Keep Facebook’s Libra Bug-Free

By this point, you already know about Libra, Facebook’s cryptocurrency, and the corresponding Calibra Wallet (if you don’t, check out TechCrunch’s deep dive).

There has been plenty of controversy about the new currency, from privacy concerns to complaints about the “decentralized” model giving too many big players too much power. But one of the public’s concerns, security, is in good hands.

That’s because bug bounty and vulnerability disclosure platform HackerOne is working with Facebook to find security vulnerabilities in the code of Move, the cryptocurrency’s open-source programming language. The bug bounty is being conducted in addition to the Libra Association’s testnet available on GitHub.

“The Libra Association is a global effort and so is the Libra Bug Bounty Program. We will be globally inclusive as we promote researcher contributions from all over the world and host bug bounty events in diverse locations,” said the Libra association.

HackerOne offers a platform that recruits security researchers and white hat hackers to identify security weaknesses for its clients, including Twitter, Airbnb, Uber, Yelp, and the U.S. Department of Defense. Since it was founded in 2012, 1,300+ organizations have partnered with HackerOne to find over 120,000 vulnerabilities and award over $51 million in bug bounties.

The California-based company has offices in London, New York, Singapore, and the Netherlands. In 2017, HackerOne earned the Favorite FinDEVr Debut award for its presentation at FinDEVr New York and won the Crowd Favorite award at its FinDEVr London presentation. Mårten Mickos is CEO.

Finovate Alumni News

On Finovate.com

  • Expensify Teams Up with Bookkeeping Franchise Supporting Strategies.
  • Xero Partners with Stripe to Help SMBs Get Paid Faster.
  • HackerOne to Help Keep Facebook’s Libra Bug-Free.
  • Tieto Buys EVRY in $1.5 Billion Deal.

Around the web

  • Insuritas to launch insurance ecosystem platform to disrupt insurance delivery while creating new sources of recurring fee income for banks.
  • TechCrunch reports on the leadership shift at Plaid in which co-founder, CTO, and president William Hockey will step down.

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

  • Nordigen, Sensibill Earn Spots in Fintech Europe’s Incoming Cohort.
  • Jumio Unveils Automated AML Screening Solution.
  • Community Access from Urban FT Brings Digital Tools to Small Banks.

Around the web

  • PayPal teams up with JP Morgan Chase to offer instant transfer option.
  • Coinbase’s Custody service completes its first over-the-counter trade directly from offline storage.
  • HackerOne announces detecting vulnerabilities in up to 43 digital asset projects.
  • Ping Identity wins the DeveloperWeek 2019 Devies Award and the Info Security Global Excellence Award.
  • The Paypers interviews Modo CEO and founder Bruce Parker.

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

  • nCino Lands New Customers from Stockholm to Sydney.
  • TurnKey Lender Locks in New Investment from OSK Ventures.
  • CREALOGIX Helps Launch Mobile Banking for Hampden & Co.

Around the web

  • Fiserv inks partnerships with HealthCare First Credit Union and Portland Local 8 Federal Credit Union.
  • 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.
  • ThetaRay and HackerOne named to Network World’s 10 Security Startups to Watch.
  • Retail finance technology provider Deko teams up with Featurespace to enhance security on its lending platform.
  • Onfido announces partnership with INTERPOL to help the international police organization better spot fraudulent IDs.
  • CAP Services chooses Baker Hill to support its lending initiatives for small businesses and low-income individuals.

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

  • Veridium’s InMotion Uses Behavior Analytics for Authentication.
  • FinovateGlobal: Vymo Launches in Vietnam; ZagTrader Helps FIs Go Crypto.
  • FinovateEurope Demo Videos Are Live!

Around the web

  • HackerOne announces that one of its bug bounty hackers is the first to top $1 million in bounty awards.
  • Equifax extends its partnership with the Small Business Financial Exchange (SBFE).

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

  • NDGIT Credits License Revenue, New Bank Clients for Growth.
  • ACI Worldwide Buys Speedway in $750 Million Deal.
  • Identity Verification Specialist Socure Raises $30 Million.
  • Finastra Brings its Total Payments Solution to Silvergate Bank.

Around the web

  • D3 Banking Technology joins Amazon Web Services (AWS) Partner Network (APN).
  • Tradeshift introduces new app integration from Transfermate Global Payments.
  • HackerOne opens official APAC headquarters in Singapore.
  • Healthcare information technology services provider Allscripts partners with ID.me.

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

  • Meniga Acquires Swedish Rewards Platform Wrapp.

Around the web

  • Featurespace partners with everis to help the business consultancy’s bank clients fight payment and account fraud.
  • TransferWise opens office in Belgium and applies for money transfer license as insurance against a no-deal Brexit outcome.
  • Hyatt launches bug bounty program with ethical hacker platform HackerOne.
  • Australian business bank Tyro unveils latest Alipay integration with  Sydney Airport retailer Heinemann Australia.
  • Entrust Datacard announces a pair of new board members, Val Rahmani and Cheri McGuire.
  • Capsilon reports that its core technology, Capsilon IQ, helped its clients’ customers save more than five million people hours collectively in 2018.

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.

Europe Bets on Bug Bounties, HackerOne to Fight Fraud

The European Commission is beginning the new year with a major commitment to fight fraud – and is turning to the world of white hat hackers to help them do it. The EC announced this week that it has allocated up to  €850,000 ($966,000) for bug bounties: cash awards to programmers, developers, and others who are able to identify security vulnerabilities in 14 open source projects.

The EC’s bug bounty program will run in part via the platform provided by FinDEVr alum and ethical hacker HackerOne. The programs will cover open source software common in European infrastructure including streaming software Apache Kafka, content management framework Drupal, and a free SSH and telnet client for Windows called PuTTY. In addition to HackerOne, ethical hacking and bug bounty platform, Intigriti, will also be used for some projects.

Above: HackerOne co-founder Michiel Prins during his presentation on ethical hacking and bug bounties at FinDEVr London 2017.

The funds for the bug bounty program come from the EU Free and Open Source Software Audit (FOSSA) project run by the EC’s Directorate of General of Informatics (DIGIT). The initiative was launched in 2014 by German politician, EU parliamentarian, and Pirate Party member, Julia Reda, after security vulnerabilities were found in key open source software projects including the Open Source encryption library, OpenSSL.

“The Internet is built on Free and Open Source Software,” said Reda (pictured). “It is part of our every day lives. Therefore the European Commission and public administrations in general have a responsibility to ensure its stability, reliability and security – by investing in it.”

The EU bug bounty programs for HackerOne begin next week and run through mid-August for projects involving Filezilla, Apache Kafka, Notepad++, midPoint, and VLC Media Player, and until mid-December for PuTTY.

HackerOne participated in our developers conference, FinDEVr London 2017. Co-founder Michiel Prins presented Tapping Hackers to Improve Security, which introduced the concept of ethical “white hat” hackers and bug bounty programs as a way for institutions to uncover security vulnerabilities in their networks and systems.

Last fall the company announced that it secured a million dollar bug bounty contract with the Technology Transformation Service (TTS) of the U.S. General Services Administration. Over the summer, HackerOne worked with the U.S. Department of Defense, as part of its Hack the Marine Corps initiative to improve the cybersecurity on the public-facing websites on the Marine Corps Enterprise Network (MCEN).

Founded in 2012 and headquartered in San Francisco, California, HackerOne has raised $74 million in funding. The company includes New Enterprise Associates, Benchmark, and Dragoneer Investment Group among its investors.

Finovate Alumni News

On Finovate.com

  • Europe Bets on Bug Bounties, HackerOne to Fight Fraud.

Around the web

  • The Fintech Times reviews identity verification innovator Onfido in the wake of its “strongest year to date.”
  • Infosys Finacle to partner with Santander U.K., facilitating the integration of cash management solutions into existing ERP systems.
  • Diebold Nixdorf names Jeffrey Rutherford as its new permanent Chief Financial Officer, Julian Sparkes as SVP and Chief Digital Officer, and Hermann Wimmer as SVP, Global Retail.
  • Cloud Wars with Bob Evans interviews Q2 CIO Lou Senko.
  • Chesapeake Bank’s alternative lending division, Cash Flow, adds the Commercial Lending Center Suite from Jack Henry & Associates‘ ProfitStars division.

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.