Finovate Alumni News

On Finovate.com

  • Nubank Challenges Brazil’s Big Banks in Wake of $150 Million Funding Round.

Around the web

  • West Virginia city Beckley introduces mobile parking app, Passport Parking, powered by Passport.
  • Diginomica features Temenos CTO Dharmesh Mistry in discussion on the importance of core banking renewal.
  • Darwinex launches new performance fee structure, Darwinian Dividends.
  • Lendio opens franchise in Charlotte, North Carolina.
  • The Paypers interviews BioCatch VP, Frances Zelazny.
  • Business News Daily profiles Palo Alto Software’s LivePlan.
  • Enveil wins Cybersecurity Innovator of the Year and Best of Howard County at Maryland Cyber Awards 2018.
  • Sberbank acquires 60% stake in dialog enterprise corporate messenger developer, Dialog.

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 the web

  • Bankjoy Signs Credit Union of Ohio.

Around the web

  • Digital Signage Pulse interviews Neustar’s Kathleen Dundas about the company’s expansion to the digital-out-of-home (DOOH) market.
  • Lendio franchise announced in Seattle Central region.
  • PYMNTS talks to Modo CEO Bruce Parker about payments in the cloud.

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

  • SME Financing Meets Cross-Border Payments as BlueVine Partners with Veem.
  • Experian Acquires ClearScore for $385 Million.
  • Pindrop Partners with Voice Solutions Provider Aeriandi.

Around the web

  • Ethoca launches Integrated Solution suite to eradicate chargebacks.
  • Revolut launches direct debits in Europe.
  • PayU, Kreditech to offer cardless EMI option of Rs 1 lakh for online purchases.
  • Lendio franchise announced in South Charlotte region.

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

Around the web

  • Best of Show winner Clinc launches Spotlight, the first self-service training program for conversational AI.
  • Cloud Lending Solutions recognized as a Top 10 Best Performing Salesforce Solution Provider for 2017 by Insight Success Magazine.
  • Ohpen Angelique Schouten named Chief Commercial Officer; Lydia van de Voort appointed to U.K. CEO post.
  • Auto financing offers from Santander Consumer USA now available on the AutoGravity app.
  • Pushfor wins public vote at inaugural Dublin Innovation Jam.
  • Members Heritage Credit Union launches member-owned insurance agency in partnership with Insuritas.
  • Lendio introduces new franchise in Gainesville-Ocala Florida region.

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

Around the web

  • Opentech ranked third in the Mastercard’s worldwide Directory of Digital Wallet providers. Come see Opentech’s live demo at FinovateEurope next week.
  • Yoyo named Best Mobile Payment Solution at MPE Awards. Come see Yoyo’s demo at FinovateEurope next week in London.
  • CapitaWorld launches smart loan disintermediation ecosystem for micro, small, and medium (MSM) enterprises.
  • Unison launches 5% down payment program in conjunction with an 80% LTV mortgage.
  • Sberbank adds Google Pay and Samsung Pay services for the customers using its business cards.
  • Railsbank partners with Carta Worldwide.
  • Lendio Franchise Announced in Clemson Region.

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

  • Onfido to Power KYC for Arro Money.
  • IdentityMind Global Introduces Anti-Fraud Solution for ICOs.
  • Entrust Datacard Teams with Gemalto.

Around the web

  • Fiserv sells 55% of Lending Solutions business to Warburg Pincus.
  • Lendio announces new Lendio franchise in New Hampshire’s Seacoast Region.
  • Financeit appoints Dante Tamburro as general counsel and Chief Compliance Officer.
  • Ripple to power instant payments to China courtesy of new partnership with LianLian International.
  • The Future Laboratory leverages technology from Quid to build its Trends of the Trends 2018 report.
  • Mint2Save reviews universal mobile wallet app, Soundpays.
  • Gartner recognizes NICE as a leader in Workforce Engagement Management for a second year in a row.
  • PYMNTS interviews Jumio Director of Product Management, Reinhard Hochrieser on the challenges of abandonment in online banking.
  • Expensify unveils website enhancements to improve credit card import, simplify billing currency section.
  • Lend Street Financial and Marqeta earn spots in The Tech Tribune’s list of the 10 Best Tech Startups in Oakland.
  • National Australia Bank (NAB) to allow business customers to make payments directly via Xero’s accounting platform rather than its own online banking site.

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

  • Blooom: Fighting Fraud in the World of the 401(k).

Around the web

  • Forbes looks at how AutoGravity is “building the Expedia of car buying and financing.”
  • Lendio earns spot on Entrepreneur’s Franchise 500.
  • SynapseFi announces support for interchange processing for debit and credit card transactions.

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

  • Net Neutrality: Pay Up for Fast Fintech or Let the Invisible Hand be Your Guide?
  • Financeit Recapitalization Gives Goldman Sachs Majority Stake
  • Symbiont Smart Contracts to Simplify Index Data Sharing for Vanguard

Around the web

  • Pindrop and Lloyds Banking Group win Gold Award for ‘best risk and fraud management programme’ at the European Contact Centre & Customer Service Awards.
  • Socure named one of the Top AI Companies in the world by CB Insights.
  • GreenKey joins Symphony Software Foundation.
  • Argentine digital consumer lender Wenance chooses Mambu’s SaaS engine.
  • Finicity integrates its asset verification tool into Black Knight’s LoanSphere Exchange Digital platform.
  • HousingWire features Roostify and its focus on the consumer experience.

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

  • HooYu to Provide Verification Services for U.K. Challenger Bank Countingup.
  • Following J.P. Morgan Chase Acquisition, WePay to Power Payments for Volusion.

Around the web

  • Temenos named a leader in global retail core banking by Gartner for eighth year in a row.
  • Bloomberg looks at the blockchain-based digital identity solutions from SecureKey.
  • CBInsight features Expensify among its 4 Mobile Apps Every Executive Should Download Now.
  • CII Industrial Innovation Awards 2017 recognizes Wipro as one of India’s most innovative companies.
  • Zinnov Zones 2017 features Persistent Systems in the “leadership zone” for enterprise software and consumer software for the fifth consecutive year.
  • Blackhawk’s CashStar wins a 2017 Emerging Payments Award.
  • Capgemini names Backbase Growth Partner of the Year.
  • Neustar moves its website from Neustar.biz to Home.Neustar.
  • Lendio opens new Lendio franchise in Nashville, Tennessee

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

  • Efigence Teams Up with Alior Bank, Telekom Romania to Help Launch Telekom Banking.
  • Mastercard Takes Blockchain Mainstream with API.
  • Zighra Launches Flagship Continuous Authentication Product.
  • Stash Reveals Plans to Launch Mobile-First Banking Service.

Around the web

  • Latvian Bank Citadele secures mobile and online banking with VASCO’s DIGIPASS for Apps and CRONTO
  • Azimo’s momentum continues with triple-digit growth.
  • Visa to offer ThreatMetrix technologies through its Visa ID Intelligence platform.
  • Lendio joins lending platform association.
  • Dream Payments unveils its point of sale solution for First Data’s Clover merchants.

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.

Lendio’s Marketplace Surpasses $500 Million in Loans

Small business loan marketplace Lendio announced it has matched borrowers with more than $500 million in loans on its platform since it facilitated its first loan in 2013. That’s more than half a billion dollars in working capital extended to empower small businesses.

These funds have been distributed from Lendio’s network of more than 75 small business lenders to more than 21,000 businesses across the U.S. This growth comes after the company reported an increase of more than 1.4X in loans originated via the Lendio platform in the last year.

“Small businesses create the lion’s share of economic growth and jobs in this country. Lendio is proud of the impact that $500 million in business loans is having on the American economy,” said Brock Blake, CEO and founder of Lendio. “From restaurants and retail shops, to plumbers and landscapers, our team is passionate about providing the access to capital to help these businesses grow, recharge and thrive.”

Lendio showcased its marketplace at FinovateSpring 2011. The company’s average loan size is just under $27,000 and Lendio reports that 70% of businesses received the funds they requested within five days of submitting an application. The top business categories funded on Lendio’s marketplace include construction, restaurants, retail, healthcare, and manufacturing.

Last month, the Utah-based company began a pilot with Comcast Business customers that offers streamlined access to the Lendio marketplace. Earlier this spring, the company launched a marketplace lending franchise program that gives Lendio franchisees get access to Lendio’s marketplace and technology, training, branded marketing tools and advertising, partnerships, and training. In the fall of 2016, the company landed $20 million in funding, bringing its total raised to $31 million. Lendio’s partners include American Express and Finovate alums BlueVine, Lending Club, On Deck, and Kabbage.

Finovate Alumni News

On Finovate.com

  • Lendio’s Marketplace surpasses $500 Million in Loans.
  • Worldpay Ships New Features for Worldpay Total
  • Braintree Tops A Billion Transactions Per Quarter Mark

Around the web

  • Temenos Marketplace now hosts Moroku’s Chore Scout.
  • TransferWise links with Apple Pay globally.
  • Vasco names Scott Clements president and CEO.

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.