Finovate Alums Honored at PayTech Awards 2019

A handful of Finovate alums were among those earning top honors at the second annual PayTech Awards earlier this month. In categories ranging from e-commerce to real-time payments, four Finovate alums won commendations for their contributions to “excellence and innovation in the payments industry.” Another trio of alums took home “Highly Commended” runner’s up recognition.

We’ve listed those honored alums below along with the categories they competed in and a link to their most recent Finovate/FinDEVr conference demo video.

  • Token – Best Consumer Payments Initiative – video

And here are the alums that earned Highly Commended recognitions.

  • Fiserv – Real-Time Payments Solution Provider – video

The PayTech Awards consists of three categories: Judged Awards, Leadership Awards, and Ovum Payments Innovation Awards. In addition to those alums that won their categories – or earned Highly Commended honors – a few Finovate/FinDEVr alums were also short-listed ahead of the final votes. These companies – along with their category and most recent Finovate/FinDEVr video – are below:

To learn more about the awards – including a look at last year’s winners – visit the PayTech Awards homepage.

Finovate Alumni News

On Finovate.com

  • InComm Makes Third Acquisition this Year with Purchase of Meridian Loyalty.
  • Email Security Specialist GreatHorn Locks in $13 Million Investment.

Around the web

  • Monzo partners with Xero and Free Agent.
  • Temenos to power digital transformation for Rwanda’s Bank of Kigali.
  • BuiltIn features HooYu in its look at how AI is changing the banking industry.
  • ACI Worldwide teams up with Egyptian Banks Company, which will leverage ACI’s UP Retail Payments solution.
  • Entrepreneur magazine names Lendio Franchising as a Top 100 Franchise for Less Than $50,000 in 2019 and as the Best Financial Services Franchise Brand for the second year in a row.
  • Yseop recognized as a representative vendor in Gartner’s first Market Guide for Natural Language Generation Platforms.
  • Saga selects FIS to deploy its Integrity SaaS solution.
  • iSignthis launches third European office in Gzira, Malta.
  • In June Personal Capital surpasses $10 billion in assets under management, an increase of more than $2 billion since Q4 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.

HooYu and NatWest Collaborate to Offer Account Opening By Selfie

Courtesy of a partnership with identity verification specialist HooYu, NatWest has become the latest bank to enable new customers to open accounts with just a selfie. NatWest joins the ranks of HSBC and Lloyds who began offering “selfie banking” in 2016.

NatWest will use HooYu’s AI-enabled technology and real-time biometrics to compare the customer’s selfie picture with the image on their government-issued ID. The goal of the collaboration is to leverage faster, more convenient, and more secure identity verification to accelerate the account opening and onboarding process, overall. Today’s launch comes after a successful 60,000+ customer pilot that saw significant reductions in the number of fraudulent applications.

HooYu Marketing Director David Pope, who demonstrated the company’s verification technology at FinovateEurope last year, said it is critical that banks have faster, easier ways to onboard new customers. Rather than force them to visit a physical branch or to wait up to 48 hours to open an account, Pope said, the solution is an identity platform that “balances the twin demands of compliance and convenience” by streamlining and better securing the account opening process.

“We know customers want to be able to open accounts at a time and place that suits them and not have to worry about precious ID documents going missing in the post, or taking time out of their day to go to a branch,” NatWest Chief Digital Officer Frans Woelders said. “That’s why we’re making it easier, safer and faster to open and access accounts, allowing customers to get on with the things that matter.”

The partnership with NatWest is the latest – and most headline-grabbing – collaboration from a company that has teamed up with a variety of firms this year- from alternative banking solution provider Suits Me to esports wagering platform Luckbox. Other companies partnering with HooYu in recent months include gold-as-currency enabler Glint, online investment platform EasyMoney, and U.S.-based casino operator Bear Group.

Headquartered in London, U.K., and founded in 2016, HooYu made its Finovate debut at FinovateEurope 2017. The company’s two signature solutions are its global identity platform, HooYu Identity, launched in 2017, and its data visualization tool, HooYu Investigate, introduced in 2018.

Finovate Alumni News

On Finovate.com

  • SheerID Launches Instant Student Verification in 190+ Countries.
  • HooYu and NatWest Collaborate to Offer Account Opening By Selfie.

Around the web

  • Flywire partners with Student Loan Company to provide additional payment options for SLC’s overseas customers.
  • CREALOGIX announces the departure of CFO Philippe Wirth, who has served in this capacity since April 2017.
  • Ascend FCU ($2.5 billion in assets) to deploy Jack Henry & Associates’ Symitar Episys platform.

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

  • Overbond Launches COBI Matching in Pivot to Analytics.
  • YellowDog Raises $3.3 Million in Series A.
  • Nutmeg Says No to IPO, Opts for Crowdfunding Instead.

Around the web

  • Ledger integrates with Cardano’s ADA and Yoroi Wallets.
  • Insuritas partners with SouthEast Bank to launch bank-owned digital insurance agency platform.
  • Adobe unveils Commerce Cloud, a customizable and scalable platform to manage, personalize, and optimize the commerce experience.
  • SigFig unveils SigFig Atlas, a financial advice and software-guided sales platform.
  • InComm and WH Smith launch in-store, online hubs for game cards in the U.K.
  • UBank integrates Watson into its customer service offerings with RoboBrain, a Watson-enabled virtual assistant.
  • Token.io and Konsentus launch fast PSD2 compliance solution by combining a PSD2 API with automated TPP verification.
  • Verimi and Signicat partner to deliver verified digital identity solution for European enterprises.
  • HooYu to provide ID verification for esports betting platform, Luckbox.
  • Qover earns a spot on Programmable Web’s list of 13 Notable Insurance APIs.
  • WRAL Tech Wire features Spreedly in a look at local technology companies.

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

  • IBM Debuts Blockchain Network for Cross-Border Payments.
  • Finovate Global: PayPal in Argentina; Temenos Backs African Challenger Bank.

Around the web

  • Envestnet to acquire PIEtech, maker of MoneyGuide, in $500 million deal.
  • HooYu partners with online lottery betting operator, Lottomart, to help the Gibraltar-based firm meet AML requirements.
  • Wipro launches its AI and machine learning-powered accounts payable, KYC, and other solutions on Amazon Web Services.
  • Polish neo bank Nest Bank unveils new lifestyle services module, Finanteq’s SuperWallet, to its mobile banking app.
  • FindBiometrics interviews Biometric Signature ID CEO, President, and founder, Jeff Maynard.

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.

HooYu Brings Verification Services to Alt Banking Startup Suits Me

Identity verification specialist HooYu is collaborating with alternative banking solution provider Suits Me to help un- and underbanked workers get better access to financial services.

“Suits Me is an innovative solution that gives temporary workers freedom and choice through financial inclusion,” HooYu Marketing Director David Pope explained. “HooYu Identify blends a range of identity verification techniques into one service. By choosing the services according to their needs, Suits Me has built their ideal customer onboarding process balancing the twin objectives of security and convenience.”

Suits Me offers a hassle-free alternative for many workers, including temporary and migrant workers who are often unable to open traditional bank accounts. With Suits Me, account holders can send wages directly to their account and get a VISA debit card that can be used anywhere VISA is accepted – online, in person, and over the phone.

Courtesy of the partnership with HooYu, new Suits Me customers will benefit from an online verification process that is both seamless and comprehensive. With HooYu’s Identify solution, new customers simply take a selfie, and provide social media or online account information, and a photo of their ID document.

HooYu then conducts a biometric facial verification and authenticates the ID documents. Identify cross-references all of the collected identity attributes and scores them to create an overall identity confirmation score and report that show the degree of confidence in the accuracy of the customer’s claimed identity.

“Our mission is to help workers get paid, ” Suits Me CEO Matthew Sanders said. Pointing out how Suits Me relieves workers of the hassles of checks and check cashing, Sanders added “Integrating HooYu Identity removes yet another hurdle – we can trust who the customer says they are and, this can happen even more quickly, without unnecessary complications or bureaucracy.”

HooYu demonstrated its identity verification technology at FinovateEurope 2018. Founded in 2016 and headquartered in London, U.K., the company earlier this month announced that it would provide online verification services for mobile e-gaming operator, Small Screen Casinos. In September, HooYu reported partnering with U.K. casino operator, Bear Group, as well as teaming up with EasyMoney, a firm that offers a variety of innovative finance ISAs.

Finovate Alumni News

On Finovate.com

  • HooYu Brings Verification Services to Alt Banking Startup Suits Me.
  • Mambu Takes its SaaS Core Banking Solution to Orange Bank in Spain.

Around the web

  • API platform provider for banking and insurance NDGIT signs Banco BNI as a strategic customer.
  • EU Startups features Nordigen in its look at the top 10 Latvian startups to look out for in 2019.
  • Qover, an insurtech startup from Belgium, opens a new office in France.

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

  • Ephesoft Helps Businesses Leverage the Cloud to Meet Demand.
  • Now a Temenos Company, Avoka Unveils Workspaces for Retail Banking.

Around the web

  • Onfido forges partnership with PensionBee.
  • Portugal’s Banco CTT to leverage technology from Fiserv to fight money laundering.
  • Lendio announces providing more than 5,000 Kiva loans to support women-owned businesses.
  • NCR unveils its EMV-integrated Equinox Luxe devices for NCR Connected Payments, giving a secure payment route for retailers.
  • Hooyu to provide online verification for mobile egaming operator, Small Screen Casinos.

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

  • Xero Learn Sets Stage for Next Generation of Number Crunchers.
  • SynapseFI Raises $17 Million in New Funding.

Around the web

  • iSignthis acquires core banking platform software business.
  • HooYu teams up with U.K. casino operator, Bear Group.
  • United Bank of Egypt leverages technology from Finastra to upgrade its core banking infrastructure.
  • Ripple and TransferGo partner on real-time, blockchain-enabled remittances.
  • Striata inks partnership with UK-based customer communications specialist Communisis.
  • Experian to launch comparison service feature that gives consumers the real rate charged when applying for a credit card.
  • Tibco has started a research lab to develop new products and services in emerging areas such as blockchain, machine learning, artificial intelligence (AI) and the internet of things (IoT).
  • BeSmartee integrates with Fannie Mae’s Desktop Underwriter to Accelerate Mortgage Process.
  • Kasasa names Amy Gililland 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.