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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
InCommpartners with LA Metro to expand locations where customers can purchase and reload TAP cards.
Jack Henry & Associatesnamed one of the best places to work in Alabama by Business Alabama.
Bpm’online CEO and Managing Partner Katherine Kostereva recognized in The Software Report’s Top 50 SaaS CEOs of 2019 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 R&Dships new version of IDVoice that combines AI and voice technology to increase biometric matching speed and improve enrollment and authentication.
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.
Two of Finovate’s earliest alums – Jack Henry and Geezeo – are joining forces in an acquisition announced today. The deal will enable Jack Henry to sell Geezeo’s financial management solutions to its core bank and credit union customers, as well as offer Geezeo’s technology to its non-core clientele working with the company’s ProfitStars division.
Terms of the acquisition were not disclosed.
“We’ve already enjoyed a long relationship with Jack Henry & Associates, so we’re thrilled by this acquisition,” said Shawn Ward, Geezeo co-founder and CEO. “We look forward to what comes next as Jack Henry continues to build best-in-class digital platforms for financial institutions.”
Jack Henry made its Finovate debut in 2010. Geezeo’s first Finovate appearance was even earlier, at FinovateFall in 2007. The two companies have been “strong business partners” for years, according to Jack Henry VP Ron Moses who praised Geezeo as a company that “takes personal financial management (PFM) to the next level” – in part by leveraging data to build better relationships between FIs and their customers.
“The result is better control for consumers and businesses over their daily and long-term finances so they can achieve greater financial confidence,” Moses said.
Jack Henry sees Geezeo as a company that has effectively evolved beyond its origins as a PFM solution provider into a “critical data partner” for banks, credit unions, financial service providers, and other fintechs. The company seamlessly integrates its technology into client digital banking platforms to help support better customer engagement, drive more effective cross-selling, and leverage data to provide deeper insights into customer preferences.
Founded in 2006, Geezeo demonstrated its PFM technology at FinovateFall 2014. In addition to partners like Alliant, Suncoast Credit Union, and Regions, Geezeo announced last fall that Best Innovation Group would use its SDK to add PFM functionality to their Financial Innovation Voice Experience (FIVE) voice banking platform. Also last year, Geezeo released its Responsive Tiles product that gives credit unions and banks a new way to readily incorporate PFM into mobile and online digital banking platforms.
A three-time winner of Forbes Best Large Employers award, Jack Henry & Associates is the primary technology partner for more than a 1,000 financial institutions ranging from credit unions and community banks to billion-dollar mid-tier banks and multi-bank holding companies. Founded in 1976 and headquartered in Monett, Missouri, Jack Henry trades on the NASDAQ exchange under the ticker symbol JKHY and has a market capitalization of $10 billion. The company demonstrated its technology at FinovateFall 2015.
Fiservunveils its new mobile bill presentment solution.
Digital identity solutions company Signicatacquires Norway’s Idfy.
Blackhawk Networkannounces payments industry veteran and former InComm executive Mark Singer as its new APAC Managing Director.
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.
HooYu and NatWest Collaborate to Offer Account Opening By Selfie.
Around the web
Flywirepartners with Student Loan Company to provide additional payment options for SLC’s overseas customers.
CREALOGIXannounces the departure of CFO Philippe Wirth, who has served in this capacity since April 2017.
Ascend FCU ($2.5 billion in assets) to deployJack Henry & Associates’Symitar Episys 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.
Mercury Payment Solutions and Arion Bank selectFiserv AML Technology.
Challenger bank Monzo to useJumio’sNetverify for customer identity authentication.
Neener Analyticsselected by FIS for investment and participation in The Venture Center Accelerator
Launchfirewins Gold at the 2019 Hermes Creative Awards.
Jack Henry & Associatesnamed a Best Place to Work in Kentucky for Seventh Consecutive Year.
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.
ACI Worldwide to help Indonesia interbank network ALTO to expand its payment capabilities.
Jack Henry & Associatesunveils its digital account opening solution, JHA OpenAnywhere.
Worldpay to releaseFraudSight machine learning-powered fraud solution.
PAUL UK selectsYoyo to introduce a combined mobile payments and personalized loyalty app to its customers.
Mintrolls out a new app experience for Android users
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.
Validis’ DataShare to integrate with Baker HillNextGen.
Insuritaspartners with Nymeo FCU to launch digital insurance agency.
SGX orders Ayondo to shelve planned disposal of unit.
TechCrunch reports: Coinbase launches in 11 countries with crypto-to-crypto conversions.
Jack Henry & Associatesrecognized on Forbes’ America’s Best Employers List for third consecutive year.
Flywireintegrates with TRUE North to connect the application, enrollment and cross-border payment and receivables processes to bring transparency to education payments.
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.
BehavioSeclisted among Enterprise Management Associates’ Top 3 Report Ten Priorities for Enabling Identity Management in 2019.
Zions Bancorporation selectsD3 Banking’s Digital Banking Platform.
Commonwealth Bank & Trust selectsJack Henry to improve efficiency, attract business with modern services.
CoverHound to open an East Coast office in Charlotte.
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.
Kineticaunveils its active analytics platform that makes it easier to deliver smart analytics applications at scale.
Forbes interviews co-founder and CEO of Onfido, Husayn Kassai.
Tinkoff Mobile, a subsidiary of Tinkoff Bank, announces service in six new regions.
DocuSignlaunches its DocuSign Agreement Cloud to help companies better manage business agreements digitally.
Capsilonannounces the beta launch of its digital underwriter solution.
AlphaPointadds DiamondBack stablecoin to its crypto exchange.
Sri Lanka’s Bank of Ceylon goes live with Clari5 Anti-Money Laundering (AML) Solution to address money laundering threats.
PYMNTS: Amazon and Worldpayteam up on one-click commerce.
NetGuardians‘ AI fraud-prevention software available on Microsoft Azure.
TurnKey Lendersigns partnership agreement with Refinitiv.
MX and Personeticspartner to bring AI-driven insights to financial institution customers.
ICBA and Jack Henry’s ProfitStars expand preferred service provider program with remote deposit capture solutions.
Insuritas and Oregon Mutual announce partnership to offer auto and home insurance solutions through meta-agency 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.
Mastercard to Acquire Digital Commerce Fraud Fighter Ethoca.
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Carsharing firm HyreCar leverages identity verification technology from Mitek for its mobile onboarding app.
PayPalinvests $750 million in Argentina’s e-commerce company, MercadoLibre.
Tinkoff Bankreports 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.
Best of Show winner Voleochosen to participate in Netherlands-based fintech research program.
ThreatMetrixteams up with Blue Turtle Technologies to help market its fraud prevention solution to customers in Africa.
ArthaYantrawins Fintech of the Year (India) at The Asset Triple A Digital Awards.
Stashlaunches Stock-Back, a rewards program to bridge banking and investing.
Jack Henry to collaborate with the Zelle Network to launch JHA PayCenter.
InCommexpands into lottery industry with Linq3 Technologies acquisition.
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.
Missouri-based First State Community Bank (FSCB) has selected Jack Henry and Associates’Commercial Lending Center Suite for its digital growth plans, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).
Jack Henry’s ProfitStars division said FSCB already uses the SilverLake System for its core banking.
“We’re looking forward to leveraging a commercial lending platform that will automate manual processes and enhance efficiencies as we continue to scale,” said Ben Wasson, vice-president and senior credit administration officer for FSCB. “We’re not just rolling out new technology, we’re implementing a modern way of doing business.”
The suite is digital loan origination platform that includes automated decisioning and portfolio management workflow.
FSCB is the largest banking organization headquartered in Southeast Missouri. It selected ProfitStars’ lending platform “because of its intuitive borrower experience, data integration and advanced portfolio management capabilities”.
“Commercial lending is often the most paper-intensive process in banking, which is off-putting for both borrowers and bank employees,” added Russ Bernthal, vice-president of Jack Henry and ProfitStars.
Founded in 1976, Jack Henry & Associates demonstrated its technology at FinovateFall 2015. The company is headquartered in Monett, Missouri. With a market capitalization of $10 billion, Jack Henry trades on the Nasdaq under the ticker “JKHY.”
