Finovate Alumni News

On Finovate.com

  • What Happens When a Lending Platform Goes Under?
  • Australian Challenger Bank Tyro Partners with Alipay.

Around the web

  • Coinbase leverages an electromagnetic signal blocking tent to secure assets from cybercriminals.
  • Klarna to provide pay later service for U.K. retailer, The Fragrance Shop.
  • Finastra to support fintech collaboration in the Middle East by joining Bahrain FinTech Bay.
  • AlphaPoint powers San Francisco-area, XRP-based cryptocurrency exchange, DCEX.
  • Check Point rumored to be developing a mini-firewall for IoT.
  • Bloomberg reports: Google and Mastercard Cut a Secret Ad Deal to Track Retail Sales.
  • Personal Capital launches “Retirement Paycheck” service to simplify retirement income.
  • Salesforce selects InvestGlass for EMEA fintech accelerator.
  • Black Enterprise profiles DarcMatter co-founder, Natasha Bansgopaul.

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 Alums Populate RegTech Top 100 Power List

RegTech_image

Call it them the Finovate Fifth.

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia.

Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. It is also worth noting that their definition of RegTech is broad enough to include not just ID verification/authentications specialists, but biometric security innovators, as well.

So let’s take a look at how Finovate/FinDEVr alums stacked up.

(1) Temenos (FE15, FD15)

  • Founded 1993. Headquartered in Geneva, Switzerland. Market capitalization of $5.63 billion.

Temenos_stage_FD15

Pictured: Aaron Phethean, Marketplace Director for Temenos B2B Financial Services Marketplace, during his FinDEVr Silicon Valley presentation.

(3) Trulioo (FF16, FD14)

  • Founded in 2011. Headquartered in Vancouver, British Columbia, Canada. Raised $23 million in funding.

(5) Qumram (FF16)

  • Founded in 2011. Headquartered in Zurich, Switzerland. Raised $4.5 million in funding.

(8) Socure (FF15)

  • Founded in 2012. Headquartered in New York, New York. Raised $18 million in funding.

(10) Feedzai (FE14)

  • Founded in 2009. Headquartered in San Mateo, California. Raised $26 million in funding.

(11) Ayasdi (FF14)

  • Founded in 2008. Headquartered in Menlo Park, California. Raised $106 million in funding.

(18) NetGuardians SA (FA16)

  • Founded in 2007. Headquartered in Vaud, Switzerland. Raised $5.5 million in funding.

NetGuardians_stage_FA16

Pictured: Mine Fornerod, Net Guardians Digital Marketing Manager, demonstrating FraudGuardian at FinovateAsia 2016.

(19) BioCatch (FF14)

  • Founded in 2011. Headquartered in Tel Aviv, Israel. Raised $11.6 million in funding.

(34) Investglass (FA16)

  • Founded in 2014. Headquartered in Plan-les-ouates, Geneva, Switzerland. Raised $100,000 in funding.

(38) Mitek (FE17, FD15)

  • Founded in 1985. Headquartered in San Diego, California. Market capitalization of $218 million.

Mitek_stage_FE17

Pictured: Sarah Clark (General Manager, Identity, Mitek) demonstrating Mobile Verify at FinovateEurope 2017.

(39) nCino (FE17)

  • Founded in 2012. Headquartered in Wilmington, North Carolina. Raised $64.7 million in funding.

(45) SecureKey (FF12)

  • Founded in 2008. Headquartered in Toronto, Ontario, Canada. Raised $89 million in funding.

(48) Rippleshot (FF14)

  • Founded in 2012. Headquartered in Chicago, Illinois. Raised $4.6 million in funding.

(63) Trunomi (FE15)

  • Founded in 2014. Headquartered in San Jose, California. Raised $6 million in funding.

(66) BehavioSec (FF15, FD15)

  • Founded in 2007. Headquartered in Stockholm, Sweden. Raised $8.2 million in funding.

BehavioSec_stage_FF15

Pictured: Olov Renberg, BehavioSec COO, demonstrating BehavioSec On Demand at FinovateFall 2015.

(76) DemystData (FA12)

  • Founded in 2010. Headquartered in Singapore. Raised $12 million in funding.

(77) Fenergo (FE12)

  • Founded in 2009. Headquartered in Dublin, Ireland. Raised $80 million in funding.

(84) Trustev (FE14)

  • Founded in 2013. Headquartered in Cork, Ireland. Acquired by TransUnion.

(96) Global Debt Registry (FF14)

  • Founded in 2005. Headquartered in Wilmington, Delaware. Raised $7 million in funding.

Stay tuned for more coverage of RegTech and other growing industries within fintech as we begin previewing the presenters of FinovateSpring 2017. Finovate returns to San Jose on April 26 and 27 for our annual spring conference. Visit our registration page today to save your spot.

Designed by Freepik

Top Business-to-Business Wealth Tech Players

wealthtech4

If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players.

Our wealth tech coverage continues this week with a review of business-to-business (B2B) players in the wealth tech space. These are companies that cater directly to banks, advisors, or brokerages, instead of offering products or services directly to consumers. B2B wealth tech is a large category, so I’ve sub-divided it into four digestible groups and listed my top picks for each category. Since category sizes vary, the number of selections also varies.

Alternative investment services
These are platforms that help advisors connect clients with unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

Screen Shot 2017-01-19 at 11.44.57 AMEquityZen’s EZ Institutional lets advisors give clients access to a diverse asset class

Technology for advisors and brokerages
These are tools available via API, SDK, or web interface to help advisors compete with robo advisors by allowing them to invest with less bias, increase client communication, scale operations, find new clients, and more.

Screen Shot 2017-01-19 at 11.40.41 AMTrizic offers advisors their own digital tools to compete with robo advisors

Non-U.S. B2B investment and advisor technology
Similar to the above category, these companies offer tools for advisors outside of the U.S.

Screen Shot 2017-01-19 at 11.30.52 AMmeetInvest helps advisors invest like world-renowned market experts

News and Information Companies
These are online platforms, APIs, or SaaS offerings that provide advisors market information, show them trending news, or connect businesses with market data to power their own products.

Screen-Shot-2016-10-31-at-3.22.22-PMForwardLane’s dashboard acts like a private research analyst for advisors advisors, helping them stay current on new trends and funds

Finovate Alumni News

On Finovate.com

Around the web

  • FlashFX to leverage Ripple for its new foreign-exchange payments-solution in Australia, using XRP for liquidity.
  • Blackhawk Network launches HawkCommerce.com B2B and B2C solution for expanding, distributing and managing gift cards and egifts.
  • Philippe Gélis, Kantox CEO and cofounder, and Alexandre Gaillard, InvestGlass CEO and founder, are listed among 10 French Influencers who “rock the global fintech scene.”
  • Luxoft named a Top 15 Outsourcing Service Provider by ISG.
  • Compass Plus updates TranzWare remote banking products.
  • Prosper to launch seventh generation of credit model, switches from Experian to TransUnion.
  • InComm partners with Wakefern Food Corp. to expand gift card programs.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Finovate Alums Make Tech Tour’s 50 High Growth European Companies”

On FinDEVr.com

Around the web

  • GreenKey unveils pilot version of its “voice quote capture” technology. See GreenKey at FinDEVr New York next week.
  • Boku announces new partnerships that will bring direct carrier billing to Google Play in Germany, the Netherlands, and Belgium.
  • InvestGlass and Hip Pocket presented their technologies as part of the Innovation Challenge buy Sony launched by Matchi last week.
  • Patch of Land reaches 3 key milestones in Q1: $100m in origination, over $25m returned to investors, new products introduced.

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 Debuts: InvestGlass Built a Robo-advisor for Advisers

InvestGlassHomepage

In his demo at FinovateEurope 2016, InvestGlass founder and CEO Alexandre Gaillard stated, “We believe that, if bankers don’t go digital, they won’t be bankers tomorrow.” He diplomatically followed with, “This is an invitation to keep you in business.” InvestGlass works like a robo-advisor for financial professionals by providing technology to help them find suitable investments for clients.

Gaillard began working on the idea for InvestGlass after the collapse of Bear Stearns when he noticed the power the media has on people’s financial decisions. By focusing on the client rather than the product, the platform generates the right financial information to engage the right clients to help optimize their portfolio.

Company facts:

  • Privately owned
  • 5 employees
  • Founded in 2014
  • Headquartered in Switzerland
InvestGlassDemoIMGCEO Alexandre Gaillard Presenting with CTO Sébastien Thevenaz at FinovateEurope 2016 in London.

At FinovateEurope 2016, InvestGlass launched Leads, an artificial intelligence engine to help financial professionals save time by identifying which client to contact first, why they should call, and exactly what advice to provide based on trending financial products in their geographical area.

InvestGlass simplifies the process of balancing a client’s portfolio and provides templates to help create, tailor, and publish a PDF report to send to clients.

—-

GaillardProfileIn an interview with the company’s CEO, Alexandre Gaillard, we discussed the value that InvestGlass brings advisers. Gaillard is a French citizen and speaks English, French, and Mandarin. He is passionate about behavioral finance and has worked as a banker, adviser, and was once head of equity sales.

Finovate: What problem does InvestGlass solve?
Gaillard:

  • Account profitability
  • Client disintermediation
  • Real-time digital interactions
  • Appropriateness and suitability

Finovate: Who are your primary customers?
Gaillard: IFA, bankers, brokers, family offices, VC PE Sales

Finovate: How does InvestGlass solve the problem better?
Gaillard: Our subscription process is smooth as we are accessible from the internet SAAS and we onboard clients without paper. Once you’re onboard, we generate proactive lead and investment opportunities, and we publish tailored and white-labeled investment proposals. To subscribe from InvestGlass.com, you simply enter your credit card information to get a 14-day free trial. If you make money, then InvestGlass is a great deal.

InvestGlassPlatform

Finovate: Tell us about your favorite implementation of your solution.
Gaillard: Independent financial advisers flourishing in London and Zurich were looking for an out-of-the-box solution with CRM and market feeds. Integration took one week to connect with their custodian data. We have a simple promise: If they make more money in one week, then it’s a deal! InvestGlass offers a 14-day free trial for InvestGlass Professional starting at one license £550 per seat per month.

Finovate: What in your background gave you the confidence to tackle this challenge?
Gaillard: As an ex-head of equity sales, I knew that delivering the right financial information at the right time was the best way to increase return on asset. It was not about performance but relevancy. My objective is to empower financial professionals with an automated selling tool to make sure that they will increase the return on relevancy!

Finovate: What are some upcoming initiatives from InvestGlass that we can look forward to over the next few months?
Gaillard: In the coming months, InvestGlass will focus on retail banks and on more alliances with SAAS solution and feeds providers. Since Finovate, at least three feed providers or SAAS companies are calling us per week. Our objective is simple: partner and onboard on InvestGlass—bridge!

Finovate: Where do you see InvestGlass a year or two from now?
Gaillard: Everywhere, mostly banks. FinovateEurope in London has been a fantastic steppingstone to attract prospects.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: InvestGlass Built a Robo-Adviser for Advisers”
  • “Intuit Developer Group Drops Financial Data APIs; Partners with Finicity to Ease Transition”
  • “Qumram Raises $2.5 Million to Bring Website Recording to North America & U.K.”

Around the web

  • Ripple opens new office in London.
  • Markit and IHS announce $13 billion merger agreement.
  • Quantopian to launch in Australia.
  • Vibrant Credit Union converts to DNA account-processing platform from Fiserv.
  • Finextra interviews James Redfern, eWise’s global head of sales.
  • PayPal’s Dan Schulman travels to Cuba to see how it can work with the country’s small businesses.
  • Kony updates Kony Visualizer 7.0, releases free starter edition.
  • StreetShares announces SEC approval for Regulation A+ deal.
  • The Evening Show with Simon Rose interviews Trustly’s Chief Commercial Officer.
  • Blackhawk Network’s CEO Talbott Roche receives PYMNTS Innovator Award for “Women Driving Innovation in Payments.”
  • VICE’s Motherboard features ZeroDB. See them live at FinDEVr 2016 on March 29 and 30.
  • Jumio sells assets to Facebook co-founder and early backer, Eduardo Saverin.
  • The Paypers interviews Nuno Sebastiao of Feedzai.

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.

FinovateEurope Sneak Peek: InvestGlass

InvestGlassHomepage

FEULogowithDate A look at the companies demoing live to 1,500 fintech professionals. Register today.

 

InvestGlass offers the industry’s leading robo-advisor for professional investors solving suitability and appropriateness of advice.

Features

  • Receive relevant leads and actionable storytelling
  • Increase accounts profitability
  • Facilitate compliance duties

Why it’s great
Automatic advisories 
are revolutionizing 
the value chain.

InvestGlassPresenterPresenter

Alexandre Gaillard, CEO
Gaillard is CEO and founder of InvestGlass SA, the first Swiss robotic advisor for bankers and brokers. He also serves as a board member on the Swiss Chinese Chamber of Commerce and previously worked at Union Bancaire Privée, Bank of China.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Taulia Announces Record New Bookings; New CMO Holzapfel”
  • MX Recruits Don MacDonald, Former Intel and Fiserv CMO”

Around the web

  • Cachet Financial Solutions deploys its Select Mobile Deposit solution for Kentucky-based Whitaker Bank Corporation.
  • UBS hires Markit to manage its Investment Bank’s investible indices.
  • The Hindu quotes Cloud Lending Solutions’ CEO and co-founder Snehal Fulzele on digital transformation.
  • Personal Capital launches Financial Fitness program for employers to help employees reach their wealth goals.
  • Zopa wins Personal Loan Provider of the Year at the Consumer Moneyfacts Awards 2016.
  • Bank Innovation features video of Ripple CEO Chris Larsen discussing the internet of value at Davos.
  • CB&S Bank selects Insuritas to power its insurance-agency solution for customers.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.