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Finovate Alumni News

By David Penn Posted on
Categories: Dorsum, iSignthis, Larky, Payoneer, Plaid, SoFi, Spreedly

On Finovate.com

  • TSYS Unveils New Authentication Solution
  • Dorsum Builds Wealth Management Platform for BNP Paribas in Poland.

Around the web

  • Plaid discloses role of Visa and Mastercard as strategic investors in its $250 million Series C round from December.
  • iSignthis secures patent from European Patent Office for PSD2, SCA, and KYC.
  • SoFi inks 20-year arrangement for exclusive naming rights for the new Sofi Stadium where National Football League teams the Los Angeles Chargers and the Los Angeles Rams play.
  • Payoneer amps up cybersecurity efforts to significantly reduce phishing attempts.
  • Larky launches its nudge code library to bundle geo-location and engagement technology directly into mobile banking apps.
  • Spreedly launches Spreedly 3DS2 to help execute 3DS2-compliant transactions across multi-gateway environments.
  • BNP Paribas Bank Polska to implement Dorsum’s wealth management 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.

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Finovate Alumni News

By David Penn Posted on
Categories: BizEquity, EZBOB, iSignthis, Spreedly, Veridium

On Finovate.com

  • ezbob Offers Smart Onboarding Solution.
  • BizEquity Acquired by American City Business Journals.

Around the web

  • Spreedly – in partnership with Webio – wins 2019 Innovation Lab Award at Payments Ed Forum.
  • Australian FinTech looks at the possibility of iSignthis becoming the next big neobank.
  • Infosecurity Magazine features Veridium Chief Revenue Officer Jason Tooley on the challenges law enforcement faces when using biometrics.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: EdgeVerve Systems, Flywire, iSignthis, Ondot, Onfido, Ping Identity, Signifyd, Temenos

On Finovate.com

  • Trade Finance Specialist IIG Bank Goes Live with Temenos Infinity, Transact.
  • Signifyd Offers Ecommerce Protection for Trellis Customers.
  • Ondot’s Transaction Intelligence Deciphers Payment Data.

Around the web

  • Onfido to provide identity verification for blockchain identity and payment solution provider Civic.
  • Ping Identity successfully completes financial grade API (FAPI) conformance testing.
  • EdgeVerve Systems unveils AssistEdge RPA 18.0 to help organizations reach broader automation coverage of their processes.
  • iSignthis inks Australian Principal Member licensing agreement with Visa.
  • Business Insider highlights Flywire CEO’s unique way of attracting investment.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, FIS, FreeAgent, HooYu, InComm, iSignthis, Lendio, Personal Capital, Temenos, Xero, Yseop

On Finovate.com

  • InComm Makes Third Acquisition this Year with Purchase of Meridian Loyalty.
  • Email Security Specialist GreatHorn Locks in $13 Million Investment.

Around the web

  • Monzo partners with Xero and Free Agent.
  • Temenos to power digital transformation for Rwanda’s Bank of Kigali.
  • BuiltIn features HooYu in its look at how AI is changing the banking industry.
  • ACI Worldwide teams up with Egyptian Banks Company, which will leverage ACI’s UP Retail Payments solution.
  • Entrepreneur magazine names Lendio Franchising as a Top 100 Franchise for Less Than $50,000 in 2019 and as the Best Financial Services Franchise Brand for the second year in a row.
  • Yseop recognized as a representative vendor in Gartner’s first Market Guide for Natural Language Generation Platforms.
  • Saga selects FIS to deploy its Integrity SaaS solution.
  • iSignthis launches third European office in Gzira, Malta.
  • In June Personal Capital surpasses $10 billion in assets under management, an increase of more than $2 billion since Q4 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.

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Finovate Alumni News

By David Penn Posted on
Categories: Bottomline Technologies, CalcXML, Compass Plus, identitii, IdentityMind Global, iSignthis, Kabbage, Lendio, myInvenio, NICE Systems, SecuredTouch, Terafina, TickSmith, Toshl, Turnkey Lender

On Finovate.com

  • Terafina to Boost Small Business Onboarding at PlainsCapital Bank.
  • IdentityMind Partners with BITPoint on KYC/AML Compliance.

Around the web

  • Bottomline Technologies teams up with Starling Bank and unveils its Real Time Payments Express Service.
  • Cambodia’s Chip Mong Bank to deploy Tranzware from Compass Plus to support cardless ATM cash withdrawals with cash-by-code transactions.
  • CEO World highlights Kabbage, Lendio, and TurnKey Lender as fintechs fighting for fair lending.
  • Toshl launches feature to split receipts to make expense tracking more precise.
  • SecuredTouch partners with Advantage FSE to provide seamless continuous authentication and fraud detection to digital banking customers.
  • NICE launches X-Sight Marketplace, a financial crime risk management-focused marketplace.
  • GoBankingRates features CalcXML in its list of top free online financial calculators.
  • TickSmith receives the A-team & BSO Award for fintech innovation.
  • MyInvenio launches multi-level process mining.
  • iSignthis has now approved more than 150 reportable accounts.

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.

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PayPal in Argentina; Temenos Backs African Challenger Bank

By David Penn Posted on
Categories: ACI Worldwide, ArthaYantra, Bluefin Payment Systems, BLUERUSH, Experian, Finovate Global, iSignthis, NCR Corporation, PayPal, Sberbank, Temenos, ThreatMetrix, Tinkoff Bank

Finovate Global 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

  • PayPal invests $750 million in Argentina-based e-commerce company MercadoLibre.
  • First Data to acquire Brazilian electronic funds transfer (EFT) solution provider Software Express.
  • NCR, Bluefin, and Powertranz team up to support POS card processing for Caribbean quick serve restaurants.
  • BlueRush deploys its Individeo platform with a large Colombian bank courtesy of a partnership with Bee Concept.
  • The Wall Street Journal looks at how global FIs are gaining interest in the Latin American alternative lending market.

Asia-Pacific

  • Experian launches Singapore-based incubator, Experian X Labs.
  • South Korean crypto company Kakao raises $90 million via private coin offering.
  • Thai Stock Exchange to launch a digital asset exchange next year.

Sub-Saharan Africa

  • Front office and core banking technology from Temenos to drive digital revamp for African challenger bank, Vista Bank.
  • Financial Software and Systems takes 46% stake in South Africa’s Ecentric Payment Systems.
  • South Africa’s second largest retail bank, Capitec, extends its partnership with ACI Worldwide.
  • ThreatMetrix teams up with Blue Turtle Technologies to help market its fraud prevention solution to customers in Africa.

Central and Eastern Europe

  • Tinkoff Bank reports 2018 highlights including launch of new mortgage app, a joint P2P money transfer offering with Sberbank, and more than 2.7 million new active credit customers.
  • iSignthis Inks Banking and Payments Deal with Ibanera.
  • Bulgaria-based Software Group scores €18 million loan from Europe Investment Bank.
  • EU Startups features lending platform Inlock its look at 10 Hungarian startups to look out for in 2019.
  • Bulgaria’s Municipal Bank to deploy new core and payments solutions from Oracle.

Middle East and Northern Africa

  • Dubai International Financial Center (DIFC) launches $10 million fund for fintech startups in the MENA region.
  • Commercial Bank of Qatar joins R3.
  • Credit scoring solution provider Creditinfo opens regional hub in Muscat following new strategic partnership with the Central Bank of Oman.

Central and South Asia

  • ArthaYantra wins Fintech of the Year (India) at The Asset Triple A Digital Awards.
  • Africa’s Naspers plans to spend $1 billion on investments in Indian fintechs.
  • Standard Chartered’s SC Ventures division to launch digital platform for Indian SMEs.

Top image designed by Freepik

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iSignthis Inks Banking and Payments Deal with Ibanera

iSignthis Inks Banking and Payments Deal with Ibanera
By David Penn Posted on
Categories: iSignthis

Ibanera has become the first iSignthis client to integrate core banking (CorePlus), SEPA and Swift interbank network technology (CoreConnect) to prospective customers, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

These products are offered via iSignthis’ wholly owned subsidiaries Probanx and UAB Baltic Banking Service (BBS).The parent company has said it is integrating the products offered by both companies “on a fast track”.

Ibanera will be supplied the CorePlus system, including internet banking module, SMS and email notifications, multi-language pack, IBAN validation and integration to CoreConnect.

As mentioned above, CoreConnect includes connectivity to the SEPA Core, SEPA Instant, SEPA Business and Swift interbank payment networks.

CorePlus and CoreConnect will be delivered to Ibanera by mid-April 2019, and are expected to contribute to revenues this calendar/financial year.

Ibanera is a Lithuanian-licensed electronic money institution. The company offers a range of services for individuals, corporations, and financial institutions through wealth management funds or by advising and facilitating a structure for clients.

Alongside CorePlus and CoreConnect, iSignthis will be offering the rest of its regulated neobanking ISXPay services such as DocPlus (document management systems), PayPlus (payment management), and Paydentity (identity verification) as integrated services by Q4 2019.

iSignthis demonstrated its platform at FinovateEurope 2015. Founded in 2013 and headquartered in Melbourne, Victoria, Australia, the company trades on the Australian Stock Exchange under the ticker ISX.

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Finovate Alumni News

By David Penn Posted on
Categories: BioCatch, Bluefin, Bluefin Payment Systems, BLUERUSH, Exate, Experian, iSignthis, Minna Technologies, NCR Corporation, NYMBUS, PayActiv, Temenos, VISA

On Finovate.com

  • PayActiv and Visa Help Workers Access Earned Wages Earlier.
  • Temenos Drives Digital Transformation for Africa’s Vista Bank.
  • iSignthis Inks Banking and Payments Deal with Ibanera.

Around the web

  • BioCatch adds touchscreen pressure as a new behavioral biometric value.
  • NCR, Bluefin, and Powertranz team up to support POS card processing for Caribbean quick serve restaurants.
  • Experian launches Singapore-based incubator, Experian X Labs.
  • ETFLogic unveils ETFLogic Pages, a new platform for analyzing exchange-traded funds.
  • Minna Technologies and Exate earn spots in the fourth edition of ING’s FinTech Village.
  • BlueRush deploys its Individeo platform with a large Colombian bank courtesy of a partnership with Bee Concept.
  • Inspire Federal Credit Union goes live with NYMBUS.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: AI Foundry, Alkami Technology, BLUERUSH, Dwolla, Ellie Mae, Finicity, Fiserv, iSignthis, Jack Henry, Jumio, Kasasa, LendKey, MX, nCino, Prosper, Ripple, Status Money, Turnkey Lender

On Finovate.com

  • AI Foundry and Ellie Mae Leverage AI to Accelerate Lending.
  • Dwolla Helps Status Streamline Cash Rewards for Savings.
  • Live from London: Breaking Banks Power Hour Rocks FinovateEurope.

Around the web

  • Marketing Technology Insights interviews BlueRush CEO, Steve Taylor.
  • PaymentsSource features nCino, Jumio, MX, LendKey, Kasasa, Jack Henry & Associates, Alkami, Finicity, and Prosper Marketplace in its list of the Best Fintechs to Work For.
  • Fiserv joins Financial Data Exchange as a sustaining member.
  • Partnership with Mercury FX brings Ripple to the Middle East and Canada.
  • TurnKey Lender highlighted as a top auto loan origination platform by HCCResearch.
  • European CFD/FX firm Windsor Brokers goes live with iSignthis‘ ISXPay and Paydentity solutions.

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.

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Finovate Global: Ant Financial’s Big Buy; Neobanks Ready for Takeoff

By David Penn Posted on
Categories: iSignthis, Strands, Tinkoff Bank, VISA

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.

Sub-Saharan Africa

  • Ten African subsidiaries of Societe General to benefit from enhanced payment processing capabilities courtesy of new partnership with HPS.
  • South African challenger bank TymeBank moves toward a formal launch in late February.
  • The IMF blog reviews the prospects for fintech innovation in Sub-Saharan Africa.

Central and Eastern Europe

  • Fintech Futures interviews Pavel Novak, CEO of Czech Republic-based P2P lender, Zonky.
  • iSignthis acquires Lithuania-based banking software provider, Baltic Banking Services (BBS).
  • Partnership between Yandex.Checkout and Tinkoff Bank supports direct payments to online stores by way of Tinkoff’s app and online banking offering.

Middle East and Northern Africa

  • Abu Dhabi Commerical Bank (ADCB) goes live with its PFM app, MoneyBuddy, which uses technology from Strands.
  • Dubai-based neobank Xpence prepares for launch.
  • Saudi Arabia banking regulator opens regulatory sandbox to test fintech solutions.

Central and South Asia

  • State Bank of India to help finance digital invoice discounting marketplace, Invoicemart.
  • The Daily Star considers the “promise of fintech” for Bangladesh.
  • Reliance Realty announces plans for a fintech center in Navi Mumbai, India.

Latin America and the Caribbean

  • PYMNTS.com looks at the Mexican government’s efforts to leverage fintechs to help make it easier and less expensive for Mexicans living abroad to send money home.
  • Brazilian SME lender Adianta raises $2.18 million ($8 million reals) in round led by DGF Investimentos.
  • Colombian fintech Open Vector signs memorandum of understanding (MoU) to support development of open banking in South America.

Asia-Pacific

  • Ant Financial to acquire UK currency exchange firm, WorldFirst in $700 million deal.
  • Singapore’s United Overseas Bank (UOB) to debut its digital bank, TMRW, in Thailand.
  • Visa announces plans for an innovation center in South Korea.

Top image designed by Freepik

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Finovate Alumni News

By David Penn Posted on
Categories: American Express, Bpm'online, CoverHound, CUneXus, Enveil, FreeAgent, iSignthis, Kalixa, Onfido, Optimove, Revolut, SWITCH

On Finovate.com

  • Insurtech Innovator CoverHound Fetches $58 Million in New Funding.
  • Bill.com Partners with American Express to Offer New AP Solution, Vendor Pay.

Around the web

  • Revolut and WeWork team up to provide three months of “hot desk space” to Revolut for Business customers.
  • PXP Financial, borne of the merger of PXP and Kalixa, announces its public launch.
  • U.K.-based cloud accounting firm FreeAgent to offer direct data feeds to banks via the Open Banking framework.
  • bpm’online forges partnership with Meritus Business Solutions.
  • Optimove unveils iGaming Pulse, a benchmark solution to enable gaming operators to test the performance of their platforms against industry performance metrics.
  • Onfido appoints former Head of Computer Vision for Robotics at Amazon, Mohan Mahadevan as its new VP of Research.
  • Switch reports that its CardSavr service boosts credit card usage immediately at activation.
  • Enveil announces technology partnership and integration with advanced data security solution and services provider Thales.
  • CuneXus partners with outdoor recreational vehicle buying network, Rollick, to streamline the financing process for RV shoppers.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Bankjoy, Bill.com, BioCatch, Interactions, iSignthis, Klarna, Launchfire, Passport, PayNearMe, Payoneer, Token, TransferWise, TrueAccord

On Finovate.com

  • Interactions Partners with Next Caller for Phone-Based Threat Assessment.
  • BioCatch Brings Behavioral Biometrics to ACI Worldwide.

Around the web

  • Token to support PSD2 compliance and open banking capabilities for U.K.’s thinkmoney.
  • SafeAmericaCU’s switch to AI-powered technology from Bankjoy helps the $433 million asset FI to earn “Best Practices” honors from CU Journal.
  • TransferWise secures £65 million syndicated debt facility with NatWest, JP Morgan, and LHV Bank.
  • iSignthis plans for Australian neobanking license in 2019.
  • PayNearMe’s electronic payment volume grew by more than 25% month-over-month in the past year.
  • Klarna joins Shopify Plus Partner program to power merchants.
  • TrueAccord wins a Healthy Mothers Workplace Award.
  • Passport recognized as one of Charlotte’s fastest growing companies.
  • Launchfire wins gold Brandon Hall Group Excellence in Technology Award.
  • Bill.com selects Comdata as Virtual Credit Card Provider for B2B Payments.
  • TopTracker partners with Payoneer to allows free payments between companies and freelancers.

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.

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