Finovate Alumni News

On Finovate.com

  • Malauzai’s Vantiv Partnership to Leverage OnDot’s CardControl Tool

On FinDEVr.com

  • Check out today’s FinDEVr APIntelligence.

Around the web

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Myanmar’s First Private Bank selects Misys FusionBanking to digitize its banking operations.
  • HSBC Group to deploy client lifecycle management technology from Fenergo.
  • Tungsten Network selects BlueVine to offer U.S. SMB clients access to lines of credit.
  • NAFCU Services announces 2017 Innovation Award Finalists: Q2, Insuritas, Geezeo, Mastercard.

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

  • Spiff Partners with Nordea Liv to Launch Mobile Savings App.
  • PayPal Acquires TIO Networks in $230 Million Deal.
  • Qumram’s Regtech Offering Lands $1.49 Million

On FinDEVr.com

Around the web

  • TransferWise announces integration with Facebook Messenger.
  • Valiant Bank to deploy new customer engagement platform from Backbase.
  • Thomson Reuters Labs’ latest data science lab opens in Singapore.
  • Malauzai reports record growth for 2016.
  • Santander’s VC arm invests undisclosed amount in Personetics.
  • Standard Chartered leveraging WeChat’s online payment gateway to launch e-commerce solution for corporates.

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.

Cachet Financial Solutions to Power Mobile Deposit for Malauzai Software

Cachet Financial Solutions to Power Mobile Deposit for Malauzai Software

Screen Shot 2016-06-17 at 7.51.14 AM

Mobile deposit-capture specialist Cachet Financial Solutions teamed up with community financial institution (CFI) technology-provider Malauzai to deliver mobile-deposit capabilities to Malauzai’s clients.

Austin-based Malauzai has integrated Cachet’s Select Mobile Deposit API into its MOX Everywhere Suite to help CFIs offer customers a way to deposit checks by taking a photo. Cachet’s solution works well with Malauzai’s needs: It allows individual CFIs to define separate business groups and to set up different sets of deposit limits and rules for each group. This way a financial institution can increase a customer’s deposit limits over time.MalauzaiDemo

This news comes after Malauzai CPO Robb Gaynor launched MOX Pay at FinovateSpring 2016 last month. MOX Pay allows CFIs to extend their current business-service offerings with a mobile wallet option that empowers business customers to publish payment-centric mobile apps.

Last year, Malauzai counted one million downloads of its SmartApps. The company has more than 400 banks and credit union clients covering 7 million logins from 400,000+ active end users.

Based in Minnesota, Cachet Financial Solutions debuted Select Mobile Money at FinovateFall 2014. The company partnered with PAYTOO mobile wallet last month to power the startup’s mobile account-opening process.

MOX Pay from Malauzai is First with RDC as Payment Option

MOX Pay from Malauzai is First with RDC as Payment Option

Malauzai_MoxPay_homepage_June2016

With MOX Pay from Malauzai Software, community banks and credit unions will be able to offer their business customers apps that will enable them to accept payments via remote deposit capture (RDC). First to market an RDC-based payment solution, Malauzai sees it as a natural extension of RDC technology, and, in the words of Chief Product Officer Robb Gaynor, an easy way for “local merchants to go mobile.”

“If banks and credit unions don’t proactively serve these technology needs, local businesses will look elsewhere, such as lesser-quality online app builders,” Gaynor said. “This will cause financial institutions to miss a valuable opportunity to extend their relationships with small business customers.”

Malauzai_stage_FS2016

The Malauzai team pictured (left to right): CTO Danny Piangerelli; VP Craig Agulnek, product management; CPO Robb Gaynor demonstrated MOX Pay powered by Visual App Builder at FinovateSpring 2016.

Part of Malauzai’s Retail+ for Small Business Banking platform and demonstrated live at FinovateSpring in May, MOX Pay enables financial institutions to build mobile wallet apps for their business clients. Consumers can use the RDC technology in the apps to make payments by taking a photograph of a check, which also helps reduce the processing costs and potential mishandling of paper documents. Speaking of the hardware-free payment solution, Redding Bank of Commerce SVP and CIO Blake Pelletier said, “Consumers already understand RDC, so it’s an intuitive progression for them to use this functionality to make payments. Malauzai allows us to bring a service to the business community that currently no other financial institution in our area can provide.” Pelletier’s bank was one of the first to adopt the technology.

Founded in 2009 and based in Austin, Texas, Malauzai Software demonstrated MOX Pay at FinovateSpring 2016. The company announced a partnership with fellow Finovate alum Geezeo in April to add PFM tools to Malauzai’s SmartApps, as well as a deployment of the technology with six of Malauzai’s clients. Earning recognition from the FinXTech for its work with Somerset Trust Company in March, Malauzai has raised $24 million in funding, with its most recent raise an $11 million venture round in July 2015. The company includes Wellington Management and Live Oak Banking Company among its investors.

Finovate Alumni News

On Finovate.com

  • “Token Facilitates PSD2 Compliance with New Payment Network”
  • “CrowdFlower Closes on a $10 Million Round Led by Microsoft”
  • “Finovate Debuts: IBM’s Wealth Management Solution Gives Advisers an Edge”
  • “MOX Pay from Malauzai is First to Unveil RDC as Payment Option”

On FinDEVr

  • “Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report”

Around the web

  • TechCrunch: Dashlane launches a password-management tool for the enterprise.
  • AppsTechNews chats with Kony CTO Bill Bodin on the pace of enterprise app change.
  • “Kabbage Named a CNBC Top Disruptor”
  • Benzinga profiles Betterment CEO Jon Stein.
  • Me/CU to deploy account-processing platform and digital banking suite from Fiserv.
  • Insuritas to power insurance solution for Patelco CU.
  • NICE Actimize teams up with Mphasis to provide anti-fraud, enterprise risk, and compliance solutions.
  • Volate Technologies launches solution for “plug and play” integration with Ripple.
  • ACI Worldwide partners with U.K.-based Raphaels Bank to provide access to the Faster Payments Scheme.

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

  • “BlueVine Receives Boost from Citigroup”
  • “Infosys Launches EdgeVerve Blockchain Framework”

Around the web

  • “Cartera Commerce-powered Splender Doubles Membership Since End of 2015 and Drives $15 Million in Sales”
  • Linqto to pilot LEVERAGE App Store with nine credit unions.
  • Fiserv integrates commercial lending capabilities of AFSVision into its core account processing platform.
  • BBVA announces having 15.5 million digital clients, including more than 9 million mobile clients.
  • U.K. e-commerce provider EKM to team up with Klarna.
  • ACI Worldwide to run the card processing operations for The Co-operative Group.
  • Insuritas chosen by First Atlantic FCU to install insurance agency solution.
  • Employee Benefits News recognizes Blooom CPO Randy AufDerHeide as a Top 50 Benefit Technology Innovator.
  • Xero for Payroll goes live in Pennsylvania, making the technology available in a total of 22 states.

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.

Malauzai to Offer Geezeo-Powered PFM Tools

Malauzai to Offer Geezeo-Powered PFM Tools

MalauzaiHomepage

Finovate alums Malauzai Software and Geezeo have teamed up this week to bring Geezeo’s PFM tools to community financial institutions using Malauzai’s SmartApps technology solutions. Six Malauzai clients, including Indiana-based Fort Financial Credit Union, have signed contracts to deploy Malauzai’s solution with the new PFM offering.

The partnership enables financial institutions using Malauzai’s online banking platform to offer consumers and small businesses a view of their assets, bills, overall cash flow, goals and budgets. With such a comprehensive view into their customers’ financial lives, banks have an opportunity to cross-sell relevant products and services.

GeezeoPFMCentral to the partnership is a passion to serve community financial institutions. Shawn Ward, CEO and co-founder of Geezeo, says, “We are really excited about this partnership with Malauzai because we share a commitment to provide innovative financial tools to credit unions and community banks.”

The integration will work on both web:

cportweb

… and mobile:

cPort PFM4

Prior to today’s partnership, Malauzai’s apps were focused on the transactional aspect of money management. According to Rob Gaynor, chief product officer for the Austin-based company, the addition of financial management tools boosts the value of the two apps. He says the apps “allow banks and credit unions to better cement their roles as trusted financial partners to those they serve.”

Malauzai, which launched in 2009, recently revamped its banking software. At FinovateSpring 2015, Malauzai launched its Virtual Banking Experience.

Geezeo was the first-ever company to demo at a Finovate conference (check out their retro video from 2007). The company last demoed at FinovateFall 2014 where it debuted TruBusiness business financial management software. Geezeo’s other recent partnerships include NYMBUS and Backbase.

Finovate Alumni News

On Finovate.com

  • “Malauzai to Offer Geezeo-Powered PFM Tools”

On FinDEVr.com

  • “FinDEVr New York Presentation Videos Live on FinDEVr.com”

Around the web

  • Top Image Systems appoints Kristian Niklasson as its new chief services officer.
  • Alkami Technology teams up with Easy Solutions to add anti-fraud technology to its digital banking platform.
  • Irish Tech News interviews Moven CEO Brett King. See Moven at FinovateSpring next month in San Jose.
  • Fiserv Investment Services President Cheryl Nash named executive leader for Envestnet Institute On Campus’ “Women in Wealth Management” program.
  • API report covers Streamdata.io.
  • ThreatMetrix launches new release with deeper decision analytics, enhanced mobile offering, and stronger authentication capabilities.
  • BehavioSec, Nationwide, Unisys Team Up on 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.

Malauzai Launches New Version of Banking Software

Malauzai Launches New Version of Banking Software

MalauzaiHomepage

Malauzai, an internet and mobile banking software provider, this week released the latest version of its SmartApps for community financial institutions. The launch includes new features which are delivered as a part of the company’s Mobile Only Experience (MOX) and offer a consistent user experience across channels for both banks and their customers.

Along with TouchID and an enhanced user interface, the Austin-based company has updated its software to include:

  • SmartwebApps™
    A mobile extension that brings the MOX to advanced browsers, allowing FIs to offer a consistent experience.
  • Enhanced Text Banking
    Allows consumers to access balances, recent history and account transfers by texting a three letter message.
  • P2P payments
    Facilitates P2P money transfers as quickly as next day.
  • Two-way secure messaging
    Allows consumers to communicate directly with their banks and to attach relevant documents and pictures to their messages in a secure environment.

Regarding the upgrades, Robb Gaynor, chief product officer for Malauzai, says, “The features and enhancements in this newest version of our solution are a direct response to our customers’ desire to provide a unique and customized experience that remains consistent in look, feel and usability across any device.”

Founded in 2009, Malauzai has raised just over $24 million in five funding rounds. At the close of 2015, 400+ community FIs were using Malauzai’s solutions. In February, the company reported the total number of end customer downloads for its mobile banking SmartApps surpassed 1 million.

At FinovateSpring 2015, Malauzai launched its Virtual Banking Experience.

Finovate Alumni News

On Finovate.com

  • “Malauzai Launches New Version of Banking Software”

Around the web

  • Aurionpro integrates ValidSoft voice biometrics as an authentication layer.
  • Arroweye Solutions to provide digital on-demand prepaid cards for Marqeta.
  • Blackhawk Network acquires Extrameasures, a prepaid consumer promotions and incentives company.
  • PayPal’s Braintree Authorization launches to bring its payments platform to more merchants, service providers.
  • The Financial Brand looks at the breakdown of Simple’s customer numbers.
  • Avoka and eSignLive partner to enable 100% digital customer acquisition.
  • Wealthfront 3.0 features a new dashboard; software and API integrations with Coinbase, Venmo, and Lending Club.
  • Texas Dow Employees CU, Thrivent FCU, and Neighbors FCU go live with core processing platform from Fiserv.
  • FIS gains accreditation to provide access to faster payments.
  • Markit unveils new Common Reporting Standard (CRS) solution for tax residency identification and due diligence.

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:

  • BlackRock’s FutureAdvisor Collaborating with RBC Wealth Management.

Around the web:

  • LHV, Estonia’s largest domestic bank, integrates with the TransferWise API.
  • Quorum Federal Credit Union implements automated workflow solution from Jack Henry & Associates’ Symitar division.
  • FIS launches ATM TestBench, providing banks with automated testing for their physical ATMs.
  • Online trading platform Investfly integrates with the Tradier brokerage API.
  • Malauzai surpasses 1 million SmartApp downloads.
  • Product Review publishes positive assessment of Cortera Pulse.
  • Kasasa launches in-branch-sales Tool Builder with optional identity protection.

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.

FinovateSpring 2015 Sneak Peek: Part 3

FinovateSpring 2015 Sneak Peek: Part 3

PacketIMG1We’re two weeks into featuring all 70+ presenting companies that will demo their new technology at FinovateSpring next month in San Jose, and there’s still a lot of information to take in.

Today, we’re taking a closer look at:

On 12/13 May, we’ll host a crowd of fintech experts, banking execs, investors, and press at San Jose’s City National Civic. Pick up your ticket here to claim a ticket of your own.

If you missed them, be sure to check out the fourteen companies we featured last week:


3E Software: Ever dream of a solution where lending staff can access and interact with all the data they need from any source? That’s Teslar.

Features:

  • Data from all systems: core, credit card, factoring, etc.
  • Empowers your lending staff
  • So easy even a lender can use it

Why it’s great
One word: Empowerment. With Teslar, your lending staff can be empowered to get things done now, not when another resource can get to it.

3EPresenterPresenter

Joe Ehrhardt, President, CEO
For 16 years, Ehrhardt has worked in or for financial institutions. With his common-sense approach and technology know-how, he is driven to change how banks of all sizes work and operate.
LinkedIn


CorezoidlogoCorezoid.com is the first cloud operating system that can implement and support any kind of algorithm and business process.

Features:

  • Rapid integration into any type of business process
  • Low-cost, flexible system
  • Faster with fewer developers

Why it’s great
While you read this text, 32,000 small corezoids have easily handled the work of huge online banks and implemented about a million logical operations.

Presenters

  1. Maria Gurina, deputy head of ecommerce
  2. Egor Avetisov, creative director
  3. Kristina Chaykovskaya, head of ecommerce

MalauzaiLogoMalauzai Software is a mobile-only, virtual banking experience that makes banking fun, effortless and completely branchless. See it on Apple Watch too!

Why it’s great
A cool, mobile-only virtual banking experience that delivers effortless, branchless banking, powered by advanced technology.

MalauzaiPresenter1Presenters

Robb Gaynor, Founder, Chief Product Officer
Gaynor heads up the product development and marketing of the organization, focused on ensuring the company has solutions at the cutting-edge of mobile innovation. He has more than 25 years of experience.
LinkedIn

MalauzaiPresenter2Danny Piangerelli, Founder, Chief Product Officer
Piangerelli leads the technology team and is responsible for all aspects of Malauzai’s technology infrastructure. He has more than 15 years of engineering and enterprise-class technology experience.
LinkedIn

 

 


PayActivLogoPayActiv changes the status quo and gives employees a noncredit alternative to predatory short-term lending products with security, dignity and savings.

Features:

  • Bridges the timing gap between earning and spending
  • Eliminates the stress of overdraft and predatory fees
  • Provides intelligent and preemptive cash-flow management

Why it’s great
PayPresenter1PayActiv puts more money in the hands of every employee right now. They do it by making business’s payroll in real-time.

Presenters

Safwan Shah, CEO, Founder
Technologist, payments expert, and entrepreneur, Shah is an innovator with a purpose.
LinkedIn

PayActivPresenter2Kacky Fuller, Vice President Business Development
Fuller is PayActiv’s sales leader with 10 years’ experience in payroll and prepaid products.
LinkedIn

 

 


PsychSignalLogoPsychSignal’s big-data processing-engines generate sentiment-analysis plus artificial intelligence to calculate stock-cycle shifts for Quant Funds, Hedge Funds and Traders.

Features:

  • Big-data processing detects mood shifts ahead of trade-direction shifts
  • Unusual sentiment activity triggers direct, actionable alerts
  • Fully automated system

Why it’s great
The next generation Squawk-Box is here.

PsychSignalPresenter1Presenters

James Crane-Baker, CEO
Crane-Baker is the former head trader of Broadway Trading, the pioneer of direct-access electronic trading; he is the founder and chief executive officer of PsychSignal.
LinkedIn

PsychSignalPresenter2Bjorn Simundson, CMO
Simundson is a serial entrepreneur, inventor, angel investor, and he serves as chief marketing officer for PsychSignal.
LinkedIn

 

 


SomeoneWithGroupLogoSomeone With Group offers a compassionate way for hospitals to reduce bad debt by providing patients a secure platform to reach out to friends and family for financial support.

Features:

  • Fraud resistant
  • Restricted spending
  • Branded for the hospital

Why it’s great
Someone With Group is taking the crowdfunding concept to the next level with a fraud-resistant platform that helps both hospitals and patients.

Presenters

SWGPresenter1Paula Jagemann-Bane, CEO
Jagemann-Bane is a successful entrepreneur who thinks big, then delivers. Dynamic and engaging, she is poised to solve the hospital bad-debt problem—with compassion.
LinkedIn

Matt Pomrink, President, COO
Pomrink is detail-oriented without losing sight of the big picture; he has shepherded the SWGPresenter2Someone With Group concept to a robust solution.
LinkedIn

 

 


TrizicLogoTrizic offers a cloud-based software platform, Accelerator, comprised of a consumer-facing web experience and an adviser-facing console, enabling financial firms to offer investment advice digitally.

Features:

  • Automates complex portfolio management, rebalancing and reporting functions
  • Accommodates ETFs, mutual funds, equities
  • Enables firms to compete with robo-advisers and grow their business

Why it’s great
Trizic Accelerator is the most comprehensive, end-to-end institutional-class digital advice-platform for financial firms, helping them to delight clients and to grow and scale their businesses.

Presenters

TrizicPresenterBrad Matthews, CEO, Founder
Matthews, the CEO and founder of Trizic, has deep investment-management expertise, honed at J.P. Morgan, Citi, Barclays and Bear Stearns.
LinkedIn

 


Stay tuned for part four of our series this Thursday.