Hydrogen Brings its App Building Platform to the Oracle Cloud Marketplace

Financial and blockchain API provider Hydrogen is the latest technology to achieve “Powered by Oracle Cloud” status, making the app building platform available to Oracle Cloud customers via the Oracle Cloud Marketplace.

“Hydrogen’s participation in the Oracle Cloud Marketplace further extends our commitment to the Oracle community and enables customers to easily reap the benefits of our APIs,” Hydrogen co-founder and CEO Mike Kane said. “We look forward to leveraging the power of the Oracle Cloud to help us achieve our business goals.”

Described as the global financial operating system by its founders, Hydrogen offers a wealth of fintech and blockchain APIs – known as atom and molecule respectively – to power a wide range of financial services from banking and investing to savings, financial wellness, and insurance.

The Oracle Cloud provides enterprise-quality services at all levels of the technology stack including both platform as a service (PaaS) and infrastructure as a service (IaaS). And by joining the Oracle Cloud Marketplace, the Hydrogen platform will be readily accessible by Oracle Cloud customers. The marketplace has an intuitive user interface to make it easy for developers to browse and discover not only applications and services, but also solution ratings and reviews from users to help customers find the optimal resource for their needs. The Marketplace recently has unveiled its automated application installation tools to enable customers to deploy provider business apps from a centralized, cloud-based UI.

“Hydrogen’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled fintech solutions ready to meet critical business needs,” Oracle VP for Worldwide ISV Cloud Business Development David Hicks said.

At FinovateEurope 2018, Hydrogen made its Finovate debut, demonstrating how its technology enables developers to build sophisticated financial apps – such as a European savings platform with UI/UX, onboarding, simulations, backend connectivity, and business intelligence – in a matter of minutes.

Hydrogen has seen its share of plaudits this year. The company was named to the Wealthtech 100 in April, the same month it was listed in Fast Company’s “World Changing Ideas” compilation in the Developing World Technology category. Hydrogen joined the Enterprise Ethereum Alliance (EEA) in May and, the following month, was named a finalist in WealthManagement.com’s 2019 Industry Awards in the Blockchain/Cryptocurrency category.

More recently, the company earned recognition from Bank Director’s FinxTech Awards, winning a finalist spot in the Best of FinXTech Connect category. Hydrogen was named a finalist in the Financial Inclusion category of the Finnosummit Challenge and was shortlisted for three awards – Top Emerging Tech Company, Best Use of Blockchain, and Innovator of the Year – at Finovate’s inaugural awards series (check out more information on the Finovate Awards, or FinovateFall, which will take place the same week in New York this month).

Founded in 2017 and headquartered in New York City, Hydrogen includes Canadian bank and wealth manager TD Bank, global insurer Principal, and investment manager CI Investments among its clients.

Finovate Alumni News

On Finovate.com

  • Hydrogen Brings its App Building Platform to the Oracle Cloud Marketplace.
  • Vymo Fuels Insight for VP Bank’s FE Credit.

Around the web

  • Blackhawk Network to acquire Edge Loyalty Systems.
  • Trustly to provide Alibaba.com’s European customers with online banking payments via Ingenico.
  • TechCrunch: Revolut ramps up customer support with plans to hire 400 people in Porto.
  •  Xero integrates with enterprise solution GreatSoft.
  • BehavioSec joins the NICE X-Sight Marketplace.
  • Merck Sharp & Dohme FCU deploys trio of biometric authentication solutions from Fiserv.
  • New partnership brings nCino’s Bank Operating System to Allied Irish Banks.
  • Entrust Datacard partners with JPMorgan Chase to pilot email security project.

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

  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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 Global: Fintech News from Around the World

    As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

    Latin America and the Caribbean

    • Brazil’s Nubank announces debit options for its digital savings account.
    • Infocorp spinoff Bankingly raises $5.25 million in Series A funding in round led by Elevar Equity.
    • Vocalink to modernize Peru’s electronic payments infrastructure courtesy of new deal with the company’s automated clearinghouse, Cámara de Compensación Electrónica (CCE).

    Asia-Pacific

    • UNPay expands QR code payments.
    • Indonesian lending and payments firm, Pohon Dana, picks up investment from Mayapada Group.
    • PaySend launches transfers to bank accounts and Napas cards in Vietnam.
    • Fenergo wins Fintech Exporter of the Year award from Asia Matters.
    • Juvo expands across Asia with regional headquarters in Singapore.

    Sub-Saharan Africa

    • Experian purchases South African credit information and analytics firm Compuscan for $263 million.
    • Ecobank partners with MFS Africa to offer cross-platform digital payments to customers.
    • Emergent Technology acquires Ghana-based Interpay Africa.

    Central and Eastern Europe

    • Sberbank offers clients new strategies for investment life insurance.
    • Finastra opens new offices in Romania.
    • Backbase powers omni-channel digital services for Poland’s BGŻ BNP Paribas bank.
    • International Bank of Azerbaijan (IBA) to deploy technology from FICO to fight money laundering.

    Middle East and Northern Africa

    • UAE and Saudi Arabia launch blockchain-powered, cross-border payments proof of concept.
    • Temenos announces partnership with Tunisia’s Banque de l’Habitat.
    • Token brings open banking to MENA region.

    Central and South Asia

    • James Finance, Ocrolus, Hydrogen, and iProov shortlisted for India FinTech Awards 2018.
    • Currencies Direct taps Ripple’s xCurrent for real-time remittances to India.
    • Fintech News Singapore features BankBazaar in its round up of 10 Hot Fintech Startups from India to Watch Closely.

    Top image designed by Freepik

    Finovate Alumni News

    On Finovate.com

    • EVRY Wins $75 Million Contract.
    • Best of Show Winner Voleo to Help Drive Social Trading in Europe.
    • FI.SPAN Raises $4 Million for U.K. and Australia Expansion.

    Around the web

    • Sberbank offers clients new strategies for investment life insurance.
    • PaySend launches transfers to bank accounts and Napas cards in Vietnam.
    • Anorak earns a spot in FinSMEs’ Top 10 U.K. Insurtech Startups to Watch in 2019 roster.
    • Intuit relaunches its redesigned ProAdvisor program in the U.S., Canada, and Australia.
    • DataSine and FinovateFall Best of Show winner Golden join the Envestnet | Yodlee Incubator’s latest cohort.
    • API platform provider for banking and insurance NDGIT announces strategic partnership with Synpulse.
    • James Finance, Ocrolus, Hydrogen, and iProov shortlisted for India FinTech Awards 2018.
    • PYMNTS highlights WePay Co-founder Rich Aberman in its latest podcast.
    • Jack Henry & Associates introduces a voice-driven consumer billpay solution.

    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

    Around the web

    • Finicity CEO Steve Smith honored as a 2018 HousingWire Vanguard.
    • Ohpen launches the Ohpen API Portal (OAP) in beta.
    • PYMNTS talks with Entersekt SVP of Product Niel Bester about consumer trust.
    • Kony teams with PSECU to deliver digital banking technology.
    • Hudson River Financial FCU selects Digital Onboarding to enhance new member experience with updated onboarding

    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 Global: Fintech News from Around the World

    As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

    Central and South Asia

    • Visa takes minority stake in Indian payment gateway BillDesk.
    • Swift India partners with MonetaGo to pilot blockchain-based banking.
    • India FinTech Forum (IFF) announced the 20 companies recognized at its India FinTech Awards (IFTA), including Finovate alums Hydrogen, iProov, Ocrolus, and James Finance.

    Latin America and the Caribbean

    • Elevar Equity leads $5.25 million investment round for Uruguayan fintech, Bankingly.
    • Banco Original, a Sao Paulo, Brazil-based FI, to deploy FICO Origination Manager and FICO Application Fraud Manager.
    • First Data launches Clover Mini and Clover Flex in Argentina.

    Asia-Pacific

    • Finastra gives Singapore banks top marks in its inaugural Open Banking Readiness Index.
    • FinLab accelerator introduces its smart business transformation program for Thailand small businesses.
    • SmartPesa brings its softPOS contactless card acceptance via NFC phone running Android – to Singapore and South East Asia.

    Sub-Saharan Africa

    • South African financial services company, Discovery, to launch “behavioral bank.”
    • Nigeria’s central bank proposes fintech licensing regime to help manage cyber risk, capital adequacy, and operational oversight issues.
    • A “hands-off” attitude toward regulation is credited for helping boost Uganda’s emergent fintech sector.

    Central and Eastern Europe

    • Poland’s Braintri merges with iCompass.
    • The Polish Financial Supervision Authority names the Heart as one of operators for its regulatory sandbox for companies developing fintech solutions.
    • Ingenico Group teams up with Russia’s Sberbank to enable MOIR card payments for online purchases.

    Middle East and Northern Africa

    • Study from Mena Research Partners calls for major gains in fintech funding in the MENA region over the next ten years.
    • Egypt Innovate features ten Egyptian startups “following the world’s fintech trend.”
    • The Tehran Times looks at the “challenges and opportunities” of fintech innovation in Iran.

    Top image designed by Freepik

    Finovate Alumni News

    On Finovate.com

    • Finablr Takes Majority Stake in Digital Gifting Innovator Swych.
    • Simple Appoints Former Amazon Exec as CEO.

    Around the web

    • Analyst Ian McKenna highlights six Finovate alums – Access Softek, Bucket Technologies, Systelos, BlueRush, Tinkoff, and Golden – in his roundup of “fintech innovators making waves.”
    • Marketing Technology Insights interviews CallVU CEO Ori Faran.
    • Hydrogen, iProov, Ocrolus, and James Finance are among 20 startups competing for top honors at the India FinTech Awards 2018.
    • The Constant Investor’s Crypto Watch interviews Identitii CEO Nick Armstrong on the role of blockchain technology in fighting cybercrime.
    • Tinkoff Mobile extends service to seven additional areas of Russia including Smolensk and the Republic of Mordovia.
    • Kofax pays $400 million in cash to buy Nuance’s imaging division.
    • Walmart’s in-store Direct2Cash service gives PayActiv users instant cash access to earned wages.
    • Kony enhances Kony AppPlatform to support progressive web apps.
    • CEO Review magazine features AdviceRobo CEO Diederick Van Thiel.
    • BehavioSec launches new features for version 5 of its behavioral biometrics 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.

    Hydrogen, TD Bank Partnership Drives DIY Financial Planning

    Clients of TD Bank’s TD Direct Investing will have new tools to build their own financial plans and portfolios – thanks to a newly-announced collaboration between the Canadian bank and fintech innovator Hydrogen. The two companies have entered into a licensing agreement that will integrate Hydrogen’s APIs into TD Bank’s WebBroker platform as the first phase of the partnership.

    “This is the first of several significant building blocks that will deliver a fully integrated, digital investing experience for TD clients,” Tony Ierullo, VP of Wealth Digital Innovation for TD Bank Group, said. “While our initial focus is on improving the self-directed investor experience, our ultimate goal is to bring best-in-class digital investing solutions to all TD clients, at every stage of their financial journey.” The agreement marks the first instance a Canadian bank has provided customers with the technology to build financial plans and investment portfolios on their own, all of which are integrated into the customer’s online brokerage account.

    “Hydrogen has built an interconnected global platform designed to provide access to some of the best financial infrastructure and products currently on the market,” President and CEO of Hydrogen Michael Kane said. “Our agreement with TD is testament to the power of embedding innovative digital solutions into established investment services.”

    Additional resources are planned for the platform, including the creation of a direct access digital advisor. Once additional phases of the rollout are underway, clients will have access to a fully-integrated, end-to-end digital investing platform for both self-service and “advice-led” investing – as well as those who want a mix of both.

    “Almost every industry has been disrupted due to the pervasiveness of technology and shifting customer preferences,” Kane said, “and the Wealth industry is no exception.”

    Hydrogen demonstrated its technology at FinovateEurope 2018, building a European savings solution – including UI/UX, onboarding, backend connectivity, and business intelligence – live on stage in five minutes. The firm’s APIs enable companies to save tens of millions on building and running a variety of financial services apps. The company is also the maker of the Hydro blockchain, the public ledger for financial services, and Ion AI, a machine learning technology for financial apps.

    Last month, the company launched the FINDI Consortium to “facilitate a more open, transparent, and decentralized global financial system” powered by public blockchains. In July, Hydrogen introduced the Hydro mobile app, a security and identity management solution that leverages the public blockchain. Winner of the grand prize at the Luxembourg Fintech Awards this summer, the self-described “Stripe for fintech” was founded in 2017 and is based in New York City.

    Finovate Alumni News

    On Finovate.com

    • Hydrogen, TD Bank Partnership Drives DIY Financial Planning.

    Around the web

    • Hackney London Borough Council leverages technology from OutSystems to enhance its digital services.
    • NCR inks partnerships with a trio of credit unions: Parsons FCU of California, Educators Credit Union of Texas, and AERO FCU of Arizona.
    • Anorak to provide life insurance advice to users of money management app, Yolt.
    • SaleMove wins top honors at Orion Advisor Services’ Ascent/FUSE 2018 conference. See SaleMove at FinovateFall in New York September 24-26.
    • Varo Money to deploy Temenos’ T24  core banking platform.
    • Digital lending platform Roostify announces its app is now available on the Salesforce AppExchange.

    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.