Dublin’s Leveris Picks Up Investment from Link Asset Services

Irish banking-as-a-platform innovator Leveris announced a strategic investment from Link Asset Services late last week. The amount of the investment was undisclosed, and adds to the $34.3 million (€30 million) in capital the company raised to date.

Leveris founder and CEO Conor Fennelly highlighted Link Group as the leading independent European debt servicer with “deep knowledge of the lending and loan administration industry.” Fennelly added that the two firms “share(d) a common vision” in helping FIs use innovative technology to “evolve(e) banking into a simpler, more personal experience for everyone.”

The new partnership gives Link Group access to a platform that will enable it to grow its banking and credit management business. Specifically, the company plans to use the platform to take advantage of what Robbie Hughes, CEO of Business & Credit Management at Link Asset Services, called “the broader banking universe” made accessible by new technologies. “The Leveris platform delivers enhanced user experiences without complexity, simply and efficiently,” Hughes said.

Leveris’ modular, platform combines full-service, digital retail banking functionality – including deposit-taking and card issuance – with a lending solution. With a fully-integrated back-end, middleware, and front-end, and built using open standards, APIs and protocols, the solution makes it easy for FIs to integrate with third party apps and services. Leveris’ platform serves the needs of both traditional and challenger banks, as well as mortgage, personal, SME, and auto finance lending firms.

Founded in 2014, Leveris demonstrated its Leveris Lending solution at FinovateEurope 2017. In June, the company reported that it was “deep into a pan-European digital retail bank implementation,” having just “delivered a completely digital mortgage solution for a large BPO in the Benlux region”. This spring, the company announced an integration with P2P investment platform, Bondster Marketplace.

Named to the FinTech 100, and honored by the Irish Fintech Awards last fall,  Leveris is headquartered in Dublin, Ireland. The company maintains research capabilities in the Czech Republic and Belarus.

Finovate Alumni News

On Finovate.com

  • SocietyOne Appoints New CEO as it Nears $500 Million in Total Lending.
  • Dublin’s Leveris Picks Up Investment from Link Asset Services.

Around the web

  • Coinbase rebrands its crypto wallet Toshi as Coinbase Wallet; announces acquisition of Distributed Systems.
  • Experian unveils new integrated data and analytics platform, Ascend Analytics on Demand.
  • ID.me to provide its digital credentialing service to government agencies and healthcare organizations as a white label offering in 2019.
  • Kofax earns spot on the Constellation ShortList for Robotic Process Automation.
  • Biometric Update features Jumio, Mitek, and Onfido in a review of digital identity verification providers.
  • Breaking Banks highlights EverSafe in a conversation on how fintech is meeting the needs of an aging population.
  • Ad Exchanger: Cardlytics Says It Hopes To Expand Beyond Bank-Owned Media.

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.

KPMG, H2 Ventures Unveil Fintech 100 for 2017

It’s that time of the year once again: KPMG and H2 Ventures have teamed up to introduce their Leading Global Fintech Innovators roster, the Fintech 100 for 2017. The judges for this year’s Fintech 100 included more than 20 professionals from KPMG and other organizations with expertise in IT, data analytics, capital markets, financial services, and more.

This year 11 Finovate/FinDEVr alums made the Leading 50, with another 12 alums making the Emerging 50. New entrants to the KPMG/H2 Ventures roster include SoFi and Revolut among the Leading 50. All 12 the alums on the Emerging 50 are making their first appearance. See the full list.

Some of the highlights from the 2017 Fintech 100 include the observation that five of the roster’s top 10 companies are from China, as are the top three companies on the list: Ant Financial, ZhongAn, and Qudian (Qufenqi). The U.S. has a pair of companies in the top five: Oscar and Avant, and Europe and the U.K. each have one company in the top ten: Kreditech and Atom Bank, respectively.

Speaking of Asia, the Asia-Pacific region has 30 fintech companies in the top 100. The United States has 19 companies – the most from any single country – and the U.K. and EMEA areas have 41 companies in the list. The U.K. and EMEA region are also responsible for the highest number of companies on KPMG/H2 Ventures’ Emerging 50 list with 26.

With regard to sectors within fintech, the Fintech 100 breaks down as follows:

  • 32 lending companies
  • 21 payments companies
  • 14 transaction and capital markets companies
  • 12 insurance/insurtech companies
  • 7 wealth management/wealthtech companies
  • 6 cybersecurity/regtech companies
  • 4 blockchain/digital currency companies
  • 3 data and analytics companies

Alums from the Leading 50

Alums from the Emerging Stars

FinovateEurope Sneak Peek: Leveris

screen-shot-2017-01-03-at-11-48-56-am

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Leveris delivers full-stack, standalone, core bank and lending platforms for traditional banks, challenger banks and consumer brands.

Features

  • Lower Cost: Cloud-native
  • Marketplace banking: Plug-n-play third party product and/or service
  • Lending solution means revenue from day one

Why it’s great
Banking platforms like Leveris will help banks create new ways to make money by delivering value through data. Banks will ultimately become data platforms and to a lesser extent, banks.

Presenterscreen-shot-2017-01-03-at-1-28-54-pm

Conor Fennelly, Founder & CEO
Fennelly has been at the forefront of enterprise software development for the financial services industry since 1995. He has engineered innovative solutions for banks, blue chips and governments.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Sindeo Revamps the Mortgage Application Process.
  • NetGuardians Brings Real-Time Fraud Protection to Nigeria’s Keystone Bank.

Around the web

  • Flybits CEO Hossein Rahnama interviewed in TechRepublic feature on IoT trends in 2017.
  • AFK Insider lists Craft Silicon’s Uber-challenging app, Little, in its look at major technology developments in Africa in 2016.
  • FinDEVr alum Streamdata.io joins Google Technological Partner program.
  • ScientiaMobile recognized by CIOReview as one of the most promising CDN solution providers of 2016.
  • PYMNTS: BBVA Buys Openpay To Boost Digital Business Portfolio.

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.