Finovate Alumni News

On Finovate.com

  • Ripple Releases XRP Metrics in New Report.
  • SocietyOne Appoints Former Westpac Exec as Chief Investment Officer.
  • Check out this week’s FinDEVr APIntelligence

Around the web

  • Fenergo announces new rules-based solution to better enable FIs to meet margin requirement obligations.
  • NCR unveils redesigned tablet point-of-sale app.
  • New development and support center for Monitise supported by $664,000 in business financing from Welsh government.
  • Let’s Talk Payments interviews Marcin Truszel, Founder & CEO of Kontomatik.
  • Overbond Ltd is launching a service that will allow companies to issue bonds digitally.
  • Kony powers KMC Connect Lite mobile app for KMC Controls.
  • Irish Tech News interviews BancVue’s John Waupsh on his book, Bankruption.

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

  • Microsoft Marketing Vet Jeremy Korst Joins Avalara as New CMO.

Around the web

  • New York-based BizFi reaches $2 billion in originations.
  • LTP: Trulioo CEO Stephen Ufford writes about the problem of gift card fraud.
  • Boku extends partnership with Microsoft to support carrier billing to France.
  • Exostar teams up with Taulia to bring supply chain finance to the aerospace and defense industry.
  • Avoka, SocietyOne, and SuiteBox named finalists for Fintech Business Awards.
  • HBR: Narrative Science CEO Stuart Frankel writes about talking chatbots.
  • Quantopian recognized by Boston Globe as a “Company to Watch in 2017.”
  • Let’s Talk Payments features Kontomatik’s successful 2016.
  • Dashlane to support Intel Software Guard Extensions to help protect your passwords with hardware-enhanced security.
  • OurCrowd marks 4 years, $320m raised, 100 startups, 9 exits.

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

  • “Finovate Debuts: Daon Brings Security and Convenience to Mobile Authentication”
  • “Quid Unveils New Data Visualization Solution, Opus

Around the web

  • Thomson Reuters partners with FX analytics firm, BestX.
  • Visa announces two-day, digital payments hackathon during 2016 UAE Innovation Week.
  • First Financial Bank chooses Fiserv as new technology partner.
  • FXCM and QuantConnect team up to offer live trading integration.
  • Kontomatik expands to Italy, now the tenth country served by Kontomatik’s banking API.
  • Envestnet | Yodlee unveils incoming 2016-2017 incubator class.
  • The Age reports SocietyOne to start making profits within the next 12 to 18 months.

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.

 

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October in Santa Clara. Early bird tickets expire soon so register today to save your spot!

The latest from FinDEVr New York 2016 presenters

  • PayPal Partners with Xero to Support B2B Invoice Payment

Alumni updates

  • London-based BACB to replace its legacy IT systems with CorporateSuite from Temenos.
  • Kontomatik announces expansion to Portugal, the ninth country where its API is available.
  • PrivatBank’s Partnership with InComm Initiates Launch of Prepaid Products in Ukraine
  • Ghana-based startup, Sovereign Bank, deploys T24 core-banking system from Temenos.
  • CenturyLink to host SatuitCRM and SatuitCRA software as part of new agreement.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Signature & Teller: Merchant Bank of Sri Lanka Chooses Fiserv
  • Compass Plus Partners with Mutual Trust Bank

Around the web

  • Botswana Savings bank (BSB) deploys BankWorld ATM from CR2, launches Smooth Visa Debit Card.
  • DataInformed column on operational analytics highlights RAGE Frameworks.
  • Guardian Analytics launches real-time ACH solution to protect against fraud risk created by same-day ACH.
  • Bob Michaud joins Q2 as chief security officer.
  • CIO Review profiles ThetaRay and its CEO, Mark Gazit.
  • CSI teams up with ACI Worldwide to power its card-fraud-protection technology.
  • Kontomatik announces expansion to Portugal, the ninth country where its API is available.
  • FusionBanking Essence from Misys goes live with Myanmar’s Yoma Bank.

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.

 

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October in Santa Clara. Register today to save your spot.

On FinDEVr.com

  • Avalara Adds to Compliance Document Management Solution, CertCapture
  • GreenKey Launches Design Partner Program

The latest from FinDEVr New York 2016 presenters

  • OutsideIQ Brings Due Diligence Platform DDIQ to New
    International Markets
  • The International Swaps and Derivatives Association and Markit launch ISDA Amend 2.0.

Alumni updates

  • Kontomatik’s Konstantin Rabin shares his thoughts on successful lending in The Paypers.
  • Envestnet | Yodlee launches Transaction Data Enrichment to offer transparency into transactions.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Interactions Garners $56 Million in its Largest Funding Round Yet
  • Automobile Title Lending Platform Finova Financial Raises $52.5 Million
  • Check out this week’s FinDEVr APIntelligence.

Around the web

  • Kontomatik’s Konstantin Rabin shares his thoughts on successful lending in The Paypers.
  • Forbes features Jon Stein, Betterment CEO and cofounder.
  • San Diego Business Journal names eMoney Advisor one of the “Best Places to Work in San Diego.”
  • Envestnet | Yodlee launches Transaction Data Enrichment to offer transparency into transactions.
  • TradeRiver Finance reaches milestone of lending GBP100 million to U.K. businesses.
  • Portland Business Journal takes a look inside Simple’s new office.

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.

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • Venmo Enables Payments in Merchant Apps
  • Prevoty Wins 2016 Stratus Award for Best Small Company Cloud Security Service
  • Mexico’s Grupo Bursátil Deploys Messaging Tech from Solace Systems

The latest from FinDEVr New York 2016 presenters

  • A look at fintech in Berlin and London highlights Mambu.
  • Espresso Capital features Outside IQ’s creativity in raising capital.

Alumni updates

  • Kontomatik introduces Financial Health Indicator for smal-l and medium-sized lenders.
  • Kabbage turns to Marketo for new marketing solutions.
  • ITProPortal interviews Ben Robinson, chief strategy and marketing officer for Temenos.
  • Mastercard to Buy VocaLink for Up to $1.14 Billion After Masterpass Expansion to Retail
  • Cloud Lending Solutions adds new online modules to its Learning program.
  • Google Cloud Platform opens its first West Coast region.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Quantopian Receives Undisclosed Amount from Steve Cohen’s Point72

On FinDEVr.com

  • Venmo Enables Payments in Merchant Apps

Around the web

  • Kontomatik introduces Financial Health Indicator for small- and medium-sized lenders.
  • Venmo’s in-app payments technology emerges from beta.
  • Kantox processed $100 million in transactions in the six months since the debut of its API.
  • Kony launches MobileFabric, which features a model-driven approach to mobile app development using microservices.
  • American Banker’s Association features results from banks using Fiserv, Buzz Points and Larky for customer loyalty and rewards.

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.

 

Check Out Who Took Home Top Honors at Last Night’s European Fintech Awards

GroupPhoto(Photo credit: http://www.fintech.nl/)

Last night in Amsterdam the 2016 European Fintech Awards celebrated innovators shaping the future of finance. A total of nine awards were presented to companies selected by a panel of judges for the quality of their pitch.

Four of the winners are Finovate and FinDEVr alums, including BehavioSec, who won the overall award of Best European Fintech Company of 2016:

BehavioSec
Category: Risk, Intelligence, and Security
HQ: Stockholm, Sweden
Founded: 2009
FinovateFall 2015 demo
FinDEVr San Francisco 2015 presentation

Backbase
Category: Innovative Banking Software
HQ: The Netherlands
Founded: 2003
FinovateEurope 2016 demo

Kreditech
Category: Financial Inclusion
HQ: Hamburg, Germany
Founded: 2012
FinovateSpring 2014 demo

Xpenditure
Category: Best of Show, selected for the best pitch
HQ: Mechelen, Belgium
Founded: 2011
FinovateEurope 2016 demo

A total of 29 Finovate and FinDEVr alums were recognized in the European Fintech Top 100 list. Companies awarded on this list were selected by a combination of online public votes (weighted 25%) and a panel of judges (weighted 75%).

  • AdviceGames
  • Kantox
  • Aire.io
  • Klarna
  • AMP Credit Technologies
  • Kontomatik
  • Azimo
  • Kreditech
  • Backbase
  • Mambu
  • BehavioSec
  • mBank
  • Cloud Lending Solutions
  • Meniga
  • ebankIT
  • Nutmeg
  • eToro
  • Qumram
  • ETRONIKA
  • Scalable Capital
  • eWise
  • SmartEngine
  • Fenergo
  • TransferWise
  • Holvi
  • Trustly
  • IdeaBank
  • Zopa
  • InvoiceSharing

The European Fintech Awards are organized by Amsterdam-based publishing company Alex van Groningen BV. The company offers a great explanation of the awards: “The purpose of the FinTech awards is not to scientifically prove who are the best FinTech companies. The judging is primarily based on the judges’ individual ideas and views on the nominating companies using their expertise, knowledge and ideas.”

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

The latest from upcoming FinDEVr New York 2015 presenters:

  • In the U.K., PayPal Here SDK reveals first eight business partners.
  • Quartz asks, “Should Venmo Buy a Bank?”

Alumni updates

  • MX inks multi-year data-aggregation deal with USAA.
  • NAB Asset Servicing selects Thomson Reuters as its preferred data partner.
  • HuffPost Business features SimplyTapp and Kontomatik in its list of the five most useful APIs in the financial world.
  • Mitek elects CEO James B. DeBello as Chairman of the Board.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

2015: A Year in Finovate Alumni Mergers and Acquisitions

Handshake_graphic

2015 was another big year for mergers and acquisitions in the fintech industry. And whether they were the acquirer or the acquired, Finovate alums were very much a part of the M&A action.

Because terms of many deals were undisclosed, it is difficult to get a precise number on how much money was spent acquiring some of fintech’s most promising startups this year. But looking just at those acquisitions for which figures were available, we can see that 2015 was a banner year in M&A (more than $7 billion) — and that’s just counting alums.

So from the $5 billion deal between FIS and Sungard to the “alum-acquires-alum” mergers of September 2015, let’s take a closer look at some of the major unions of the year that featured Finovate alums.


December


October


September


August


July


May


April


March


February


January


If you’re a Finovate alum whose merger we’ve missed or acquisition we’ve overlooked, let us know. Send us an email at research@finovate.com.