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.

ID.me Teams Up with VA to Bring Identity Proofing Option to Vets

After a successful four-month pilot with the Department of Veterans Affairs, the government agency will launch its Virtual In-Person Identity Proofing offering – powered by identity verification platform ID.me.

“Using Virtual In-Person Identity Proofing, we can serve the 19 year-old active duty service member with a thin credit file, the 82 year-old veteran who struggles with technology, and the 35 year-old military spouse living internationally,” explained ID.me CEO and founder Blake Hall. “As a former soldier, I can say that no man left behind is one of the most important promises service members make to one another. This collaboration between VA and ID.me ensures that no identity is left behind. We are proud to lead the way.”

The new program enables eligible users to access VA services and benefits at VA.gov regardless of circumstances – such as a lack of an address. With Virtual In-Person Identity Proofing, veterans will have the option to complete the identity verification process via a consultation with one of ID.me’s “Trusted Referees” via video chat.

“As part of the digital modernization of the VA, it is important that all veterans can securely access their benefits and services online,” Department of Veteran Affairs CTO Charles Worthington said. “Adding Virtual In-Person Identity Proofing is a critical step towards making sure that no veteran is left behind while keeping VA in compliance with the latest NIST standards.”

The VA is the first federal agency to comply with new NIST 800-63-3 Assurance Level 2 standards. These guidelines apply to all federal agencies with citizen-facing applications that require “a high degree of trust.” With Virtual In-Person Identity Proofing, the VA will be able to reach veterans with few financial records, who live overseas, or find the online process challenging and require assistance – all without having to require the veteran to travel to a government facility.

ID.me demonstrated its ID.me Identity Gateway at FinovateSpring 2017. Headquartered in Herndon, Virginia and founded in 2010, ID.me has provided identity verification services for a wide range of public and private entities – from NASA and the U.S. Treasury Department to USAA and Under Armour.

Earlier this year, ID.me announced surpassing the 10 million user milestone. Last fall, the company unveiled its KYC/AML identity verification and ID document solutions, and expanded its offering to enable retailers to readily and accurately verify their customers for a variety of discounts and rewards.

ID.me has raised $46.9 million in funding, and includes FTV Capital, the National Institute of Skilled Training (NIST), and USAA among its investors.

Finovate Alumi News

On Finovate.com

  • ID.me Teams Up with VA to Bring Identity Proofing Options to Vets.
  • OmniSci Reports Wide-Ranging Growth in Wake of Rebrand.

Around the web

  • Sberbank customers can now make instant transfers between Sberbank cards and WebMoney wallets courtesy of new partnership.
  • Mobile gifting platform Swych announces it will accept payment in cryptocurrency.
  • Ellie Mae introduces the early adopters of its Integrated Partner Program.
  • Lending Club and U.K. data vendor Brismo team up to provide standardized performance metrics for lending.

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

  • Best of Show Winner Capitalise Goes Live with Interactive Brokers.
  • Alt Credit Scorer Aire Scoops Up $11 Million in Growth Funding.

Around the web

  • Raiffesisen banks in Switzerland go live with Avaloq’s core banking system.
  • ID.me tops 10 million user milestone.
  • Fiserv launches new mortgage lifecycle integration solution, Mortgage Momentum.
  • Worldline announces expansion of its partnership with Rambus to provide ITSO smart tickets in the U.K.
  • The Paypers interviews Luke Flomo, Head of Ecommerce for Trustly.
  • BlueRush announces two new board members, Michael Beckerman and Paul G. Smith.

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

  • 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.