Finovate Alumni News

On Finovate.com

  • Open Bank Project Collaborates with Open Source Software Company Red Hat.
  • Ondot Lands Strategic Investment from Citi Ventures.
  • Experian, FICO, and Finicity Launch the UltraFICO Score.

Around the web

  • Bloomberg TV features Best of Show winner Bumped.
  • Envestnet | Yodlee launches new suite of developer tools.
  • ThreatMetrix partners with SAS, bringing digital identity intelligence to machine learning to help creditors fight identity fraud.
  • Finastra introduces its cloud-based instant payments offering for SMEs.
  • Sberbank inks Memorandum of Understanding with SWIFT.
  • Artivest appoints new Chief Compliance Officer, Kamal Jafarnia.
  • Featurespace unveils its ARIC White Label solution for advanced fraud and risk prevention.
  • Finextra: Fidor and GFT extend partnership to the Americas markets.
  • Kony acquires innovation subsidiary of Umpqua Bank.
  • Finextra: NTT Data plans pan-Asian federated trade information platform based on blockchain.
  • SuperMoney surpasses $1 billion in financing requests
  • Bluefin and TokenEx partner to strengthen payment security with PCI-validated P2PE and omni-channel tokenization.
  • ID.me launches KYC / AML identity verification solution and ID document verification 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

  • Onfido to Help Crowdfunding Platform Indiegogo Fight Fraud.

Around the web

  • The Technology Transformation Service of the U.S. General Services Administration awards $2 million bug bounty contract to HackerOne.
  • Mortgage Cadence integrates LoanBean’s income calculation solution into its end-to-end loan origination platform.
  • Minnesota-based Glenwood State Bank ($289 million in assets) to deploy Jack Henry SilverLake core banking platform.
  • Avaloq taps former Credit Suisse executive Michael Pahlke as Chief Service Delivery Officer (CSDO).
  • ID.me founder and CEO Blake Hall earns spot on Washingtonian’s Tech Titans 2018: Washington’s Top Tech Leaders.
  • Infosys announces plans to open tech hub in Arizona and hire 1,000 Americans by 2023.
  • PromonTech integrates its POS platform, Borrower Wallet, with GSF Mortgage.
  • Forbes features Tina Hsiao is COO at WePay.
  • Fenergo doubles revenue for 2nd year & expands into new market segments.
  • ISARA partners with DigiCert and Gemalto to develop digital certificates and secure key management for connected devices.
  • Flywire partners with Allianz Global Assistance to enable families to purchase Allianz’s GradGuard Tuition Protection Plan.
  • Trustly’s Pay N Play solution to power Gaming Innovation Group fast-registration and withdrawal feature.

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.

ID.me Offers Retailers Eligibility Verification for Discount Programs

Digital identity innovator ID.me is expanding its segment-specific gated offering, giving retailers the opportunity to provide a diverse range of exclusive discounts across more segments and geographies.

ID.me has been known for providing group affiliation verification for active duty military and veterans, first responders and government employees, as well as teachers and students. The company’s new initiative will enable businesses and organizations to offer their customers and workers targeted, exclusive deals while limiting discount fraud.

“ID.me provides a seamless verification solution that empowers retailers to rapidly verify customer eligibility and give back to vital customer segments, all while driving revenue growth,” ID.me CEO Blake Hall explained.

Tyrone Fiegen, Senior Program Manager, Customer Experience & Loyalty program at Lenovo highlighted the importance of accuracy when it comes to gated offerings. “When we give a targeted discount, it is important that it goes to the right customers and access doesn’t get leaked,” Fiegen said. “Using ID.me’s verification technology, we are confident the right customers are taking advantage of the offer, and as a result, we have been able to offer richer, more attractive discounts.”

Lenovo is the first retailer in Canada to go live with ID.me’s solution. The company is leveraging the technology to provide a 10% discount on ThinkPad laptop computers for students as part of back-to-school season. Lenovo plans to offer a similar discount for active duty military and veterans, as well.

Founded in 2010 and headquartered in McLean, Virginia, ID.me demonstrated its Identity Gateway at FinovateSpring 2017. By verifying identity and group affiliation against the most comprehensive and authoritative data sources available, ID.me’s platform both simplifies the verification process for customers while increasing conversion rates for companies and organizations. ID.me’s technology is used buy more than seven million customers and by leading brands such as Under Armor, LinkedIn, Lenovo, and Ford.

Last month, ID.me announced that it would provide its digital credentialing service to government agencies and healthcare organizations as a white-label offering starting in 2019. Named to the One World Identity’s top 100 Influencers list in February, ID.me began the year teaming up with Veterans of Foreign Wars of the U.S. (VFW) to enable veterans to access VA benefits via Vets.gov, as well access to military discounts at more than 200 retailers.

ID.me has raised more than $46 million in funding from investors including FTV Capital, USAA, and the National Institute of Skilled Training (NIST).

Finovate Alumni News

On Finovate.com

  • ID.me Offers Retailers Eligibility Verification for Discount Programs.

Around the web

  • Bill.com announces its automated international business payments solution, piloted in July, is now generally available.
  • Finastra’s former chief digital officer, Balazs Vinnai, joins W.UP as an investor and president.
  • ZeroReveal, the security solution from data-in-use cybersecurity specialist Enveil, earns international Common Criteria security certification.
  • Thailand’s Bank of Ayudhya chooses NICE Actimize to transform its AML compliance capabilities.
  • ACI Worldwide introduces new offerings to enable banks to take advantage of SWIFT’s global payments innovation (gpi) service.
  • Sberbank launches new Seven Minute loan offering for large businesses.
  • Thomson Reuters teams up with augmented intelligence solution provider, Squirro.

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

  • SocietyOne Appoints New CEO as it Nears $500 Million in Total Lending.
  • Dublin’s Leveris Picks Up Investment from Link Asset Services.

Around the web

  • Coinbase rebrands its crypto wallet Toshi as Coinbase Wallet; announces acquisition of Distributed Systems.
  • Experian unveils new integrated data and analytics platform, Ascend Analytics on Demand.
  • ID.me to provide its digital credentialing service to government agencies and healthcare organizations as a white label offering in 2019.
  • Kofax earns spot on the Constellation ShortList for Robotic Process Automation.
  • Biometric Update features Jumio, Mitek, and Onfido in a review of digital identity verification providers.
  • Breaking Banks highlights EverSafe in a conversation on how fintech is meeting the needs of an aging population.
  • Ad Exchanger: Cardlytics Says It Hopes To Expand Beyond Bank-Owned Media.

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

  • Using Your Data to Stay Alive.

Around the web

  • BBVA Compass leverages MX for financial management tools.
  • CNBC: Ripple wants to target China with blockchain-based payments
  • ID.me approved as NIST 800-63-3 conformant.
  • Industrial Bank of China selects Avaloq to provide a banking solution for its private-banking branch in Hong Kong.
  • Entrust Datacard receives patent for card personalization process
  • Los Angeles Business Journal names CoverHound a Top Place to Work for 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.

Finovate Alumni News

On Finovate.com

  • Mitek Acquires A2iA for $49.7 Million.
  • WeInvest Raises $12.3 Million for its WealthTech Platform.
  • Finovate Alums Take Top Honors at FinTech Breakthrough Awards.
  • PaySend Adds KYC and Risk Management Technology from 4Stop..

Around the web

  • Deutsche Bank Luxembourg to deploy Avaloq Banking Suite.
  • Temenos unveils new digital onboarding and origination platform, Temenos Origination.
  • Revolut announces support for XRP and Bitcoin Cash.
  • Moneyhub integrates with Intelliflo to enable real-time, two-way sharing between financial advisors and clients.
  • Klarna acquires e-commerce shopping cart, Shop.co.
  • Sberbank to test ICO technology issued by Level One.
  • Tinkoff Bank to launch a new Development Hub in Sochi.
  • ID.me teams with LinkedIn to provide one year of LinkedIn Premium for free to U.S. service members and veterans.

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.

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List

When you think about it, what’s cooler than being named to a Who’s Who list in the world of digital identities?

One World Identity, an independent identity research and strategy company that specializes in cybersecurity, digital commerce, and risk management, published its roster of the Top 100 Influencers in Identity this week. This year, 20 Finovate alums made the cut. The individual influencers – as well as the companies they work for- are listed below.

As with last year’s roster, this year’s list was compiled by taking nominations submitted via Twitter, LinkedIn, and at oneworldidentity.com. The staff and advisory council for One World Identity whittled down the initial list of more than 1,000 nominees to a final 100.

One World Identity began as a project from a group of Google employees back in 2015. The company was officially launched the following year as a way to help spur innovation and collaboration in the field of digital identities. Travis Jarae is founder and CEO.

ID.me Powering Single-Sign On for VFW’s Digital Platforms

Identity management platform ID.me has landed a new client this week. Veterans for Foreign Wars of the U.S. (VFW) can now offer its members a more streamlined and secure online experience with ID.me’s single-sign on capabilities.

After VFW members sign up for an account at ID.me, the Virginia-based company issues them a single username and password. Members use these credentials to log in to the VFW Online Membership System, access VA benefits on Vets.gov, and gain access to military discounts from 200+ retailers.

This is a sizable win for ID.me, whose founder and CEO Blake Hall is a third generation soldier, former Army Ranger, and graduate of West Point. With this new client, the company has access to VFW’s 1.7 million members, all of whom stand to benefit from a simplified sign in process and secure way to prove their veteran status. The announcement of this client comes just a month after the company teamed with General Motors to support its military discount program.

“Trying to remember the login information for several different online accounts is difficult, and further, verifying your identity online can be a cumbersome process,” said VFW National Commander Keith Harman. “So we’re glad to be able to provide our members with a simple solution.”

At FinovateSpring 2017, Hall showcased how ID.me streamlines account opening, regulatory compliance, and customer support for banks and fintechs using identity that is accredited by the federal government. Last month ID.me surpassed 5 million users and in October, the company partnered with Finovate alum ThreatMetrix to deliver ID verification for government and commercial digital services. The company has raised a total of $45.8 million.

Finovate Alumni News

On the web

  • Scalable Capital Launches in Switzerland.
  • Gusto Partners with Accounting Platform Aplos.
  • Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain.
  • ID.me Powering Single-Sign On for VFW’s Digital Platforms

Around the web

  • ACI Worldwide announces its UP Merchant Payments solution now available as a cloud-based service.
  • Truphone, Featurespace and PayStand win spots on The Silicon Review’s 50 Smartest Companies list for 2017.
  • Bank Info Security features Nick Armstrong, CEO and founder of identitii.
  • Walmart Labs veteran Adnan Habib joins Roostify as VP of Engineering.
  • Realty Mogul appoints interim Chief Investment Officer Chris Fraley as its official CIO.
  • Klarna extends its partnership with ACI Worldwide.

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.