Finovate Alumni News

On Finovate.com

  • eToro’s eToroX Unveils Cryptocurrency Exchange.
  • CardFlight Expands to Offer Payment Terminal Hardware.

Around the web

  • Klarna launches Mindful Money, a financial management content hub for consumers.
  • Avaloq launches avaloq.one, a collaborative platform to help financial services companies work with fintechs.
  • NICE unveils IntelliAgent, a solution that provides employees with real-time compliance and authentication capabilities.
  • Kantox appoints Maria Chamorro as its new Chief Financial Officer.
  • Trulioo adds Malta to its Global Identity Verification coverage.
  • ieDigital shortlisted for Excellence in Open Banking and Best Rebrand awards at the Credit Awards 2019.

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

  • New Investment in Zafin to Drive Innovation in Financial Services.

Around the web

  • London-based anti-fraud platform Fortytwo Data rebrands as Napier.
  • Fenergo launches new low to no-code administration suite, Fenergo Digital Configuration Studio.
  • Lighter Capital provides $700,000 in growth capital to FitSmallBusiness.com.
  • Forrester names CREALOGIX a leader in the Now Tech: Digital Banking Engagment Platforms, Q4 2018, category.
  • Artivest announces expansion of its platform to include product structuring and fund distribution solutions.
  • TransUnion unveils its Auto Payment Shopper solution to improve the car buying process for consumers, lenders, and dealers.
  • ieDigital named “market challenger” in latest Ovum Decision Matrix.

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.

Five Degrees Teams Up with ieDigital to Launch Digital Banking Portfolio

A new partnership between U.K.-based ieDigital and Dutch fintech Five Degrees will pave the way for the launch of a new premier digital banking portfolio. The new solution marries ieDigital’s Interact digital engagement platform with Five Degrees’ digital core banking platform, Matrix, to help FIs develop end-to-end banking products that will help them spot and capitalize on revenue-generating opportunities.

“Our joint partnership strengthens the ability to help financial institutions transform progressively in order to meet future market needs, while ensuring a superior customer experience,” ieDigital CEO Jerry Young said. He called the collaboration with Five Degrees both “strategic and timely” and pointed to potential opportunities to help banks in Europe and around the world successfully execute their digital transformations.

Young joined the company as CEO at the beginning of the year. He brings more than 20 years of experience to ieDigital, including a tenure as VP of EMEA at Fiserv, and time spent as head of retail banking and insurance at Oracle.

Five Degrees CEO Martijn Hohmann said that the joint venture “provides financial institutions with the tools to offer a better experience for consumers when managing their finances on a daily basis.” He added that the partnership would add “world-class consumer oriented solutions” to its platform and help the company fulfill its goal of making it easier and more convenient for consumers to choose and interact with financial products.

In their press release, ieDigital and Five Degrees cited a Forrester study that indicated that too many financial services firms are focusing on making changes to their digital front end without paying similar attention to the core system. Referring to this as the “Potemkin Effect,” the companies noted that by offering a solution that combines the core with the engagement platform resolves this problem by providing a “seamless, digital, end-to-end experience that customers require.”

Founded in 1984, ieDigital demonstrated its Money Fitness solution at FinovateFall 2018. Money Fitness is a personalized, forward-looking PFM tool that helps consumers make better financial decisions while helping credit unions build their brands and strengthen their presence in their local communities. Formerly known as Intelligent Environments, ieDigital has partnered with four of the five largest banks in the U.K. and has deployed its Interact customer engagement platform in more than 28 countries.

With more than $11.4 million (€10 million) in funding, Five Degrees made its most recent Finovate appearance earlier this year at FinovateEurope. At the conference, the company demonstrated an implementation of its Matrix core banking technology with the wealth management platform, Prospery, developed by ABN AMRO.

Since then, Five Degrees purchased core banking IT systems provider, Libra, and teamed up with international business payments specialist, BillPro, to launch a new European cross-border banking service. The company was founded in 2009, and is headquartered in Amsterdam, Noord-Holland, the Netherlands.

Finovate Alumni News

On Finovate.com

  • Five Degrees Teams Up with ieDigital to Launch Digital Banking Portfolio.
  • Sezzle’s $100 Million Line of Credit to Fuel Delayed Payment Tool.

Around the web

  • LoanScorecard unveils SimpleCECL, its solution for loan-level analyses for Current Expected Credit Loss (CECL).
  • Onfido wins 7th place in Deloitte’s 11 fastest growing tech companies in the U.K. roster.
  • OutSystems earns recognition in two categories of the 2018 Gartner Peer Insights Customers Choice reviews: Mobile App Development Platforms and Enterprise High-Productivity Application Platform as a Service (HPaPaaS).
  • Payment Ninja introduces new invoice management feature of its platform.
  • Diebold Nixdorf inks Memorandum of Understanding with Europol to boost cybersecurity knowledge sharing.
  • Entersekt announces plans to expand to Nordic region.
  • RightCapital partners with Commonwealth.
  • Onfido, Azimo, TransferWise, and Kantox earn spots on Deloitte U.K.’s Fast 50.

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.

FinovateFall Sneak Peek: ieDigital

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

ieDigital provides financial institutions with the ability to transform their digital customer experience through Interact, a powerful digital banking platform.

Features

  • Manage spending habits
  • Save money and contribute to your community
  • Build deeper customer relationships

Why it’s great
Money Fitness will help you save money and contribute directly to good causes in your own neighborhood.

Presenters

Simon Cadbury, Director of Strategy, Marketing and Product
Last time Cadbury came to New York, he was mistaken for Hugh Grant. We think he secretly hopes it will happen again.
LinkedIn

Tom Stinton, Head of Product and Design
Stinton says: “If Simon looks like Hugh Grant, then I’m surely a dead ringer for action hero Jason Statham.” Only your hairline is expendable, Stinton.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Starling, Anorak Merge Insurtech with Mobile-Only Banking.

Around the web

  • Fiserv to power Philippine Veterans Bank’s digital transformation.
  • Token.io announced using public bank APIs to conduct end-to-end payments for U.K. banking group, CMA9, the first PISP to do so.
  • Housing Wire profiles Mortgage Cadence‘s LOS, Borrower Center.
  • Thomson Reuters launches new targeted reporting solution, RTS 27, for newly-registered MiFID II Systematic Internalisers.
  • NICE provides its Desktop Automation solution to Latin American CRM and BPO solution provider, Liq.
  • Tinkoff Bank enables movie ticket booking on the iOS version of its mobile app.
  • NCR releases managed services bundle for Community Financial Institutions (CFIs) to NCR channel partners.
  • WePay appoints Jennifer Parker as Chief Revenue Officer.
  • Neustar and Thunder join forces to deliver better customer experiences.
  • BanQu launches partnership with Anheuser-Busch InBev to revolutionize supply chain transparency in Zambia.

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.

Intelligent Environments Rebrands as ieDigital

Reflecting what the company calls its “core digital capabilities” and desire for international expansion, London, U.K.-based automation technology innovator Intelligent Environments has rebranded as ieDigital.

“As a leading fintech business with global ambitions, it’s important that our brand travels as well as our expertise,” said Jeremy Young, who joined the company as CEO at the beginning of the year. “We feel the new brand brings our visual identity right up to date, is more versatile and altogether more digital. The name is also much better aligned with our core business, and easier for customers and colleagues across all territories to pronounce, which is incredibly important.”

From its origins as one of the leading home automation specialists in the U.K., the company has since grown to become a financial services technology provider to a growing number of major financial institutions. These clients include Bank of Ireland U.K., The Generali Group, Home Retail Group, HSBC, Ikano, and Lloyds Banking Group.

As Intelligent Environments, the company demonstrated its Interact Collect solution at FinovateEurope earlier this year. A component of its Interact digital engagement platform, Collect gives organizations an approach to consumer debt collection that is low stress, non-confrontational, and digital-first. An intuitive interface and omni-channel access combines with a self-service-oriented user experience to raise repayment rates, lower costs, and improve customer relationships. The technology enabled the company to take home Best Collections Technology honors at the 2017 CCS Awards back in November.

In addition to Collect, the Interact platform offers Interact Acquire, a customer acquisition solution with comprehensive data capture and cross-device support to keep costs low and boost completion rates; and Interact Connect, a customer loyalty and engagement solution.

Finovate Alumni News

On Finovate.com

  • Arxan Brings its App Protection Technology to Android.
  • BondIT Integrates Bond Portfolio Solution with FIIG Securities.
  • Dwolla Launches Start, a Pay-as-You-Go Payment Solution.
  • Intelligent Environments Rebrands as ieDigital.
  • Finicity Forges New Partnership with Mortgage Cadence.

Around the web

  • Low-code development specialist OutSystems launches OutSystems Sentry, a new proactive security monitoring service for the company’s PaaS clients.
  • PayPal acquires Jetlore, an AI-powered prediction engine for retailers.
  • Halma partners with OurCrowd for life protection technologies.
  • CNP Awards recognizes ThreatMetrix for ThreatMetrix ID.
  • EY names Flywire CEO Entrepreneur of the Year finalist in New England.

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.