Finovate Alumni News

On Finovate.com

  • Currency Cloud Cooks Up $18 Million in New Funding Round
  • FutureAdvisor Grows 10x to $600+ Million Under Management
  • Xignite Inside: Market Data Provider Powers Apple Watch Apps for Finovate Alums
  • Prairie Cloudware Announces New Round of Investment

Around the web:

  • Insuritas to power insurance-agency solution to First Federal Savings Bank of Wyoming.
  • American Banker mentions how Qapital and Moven recently updated their software to make saving easier.
  • Digital Transactions recognizes Payzur from Acculynk as a P2P payments leader.
  • Misys wins Best Trade Finance Tech Solutions Company at the Trade Finance Awards for Excellence.
  • Fortune profiles Blooom President Greg Smith, former Goldman Sachs banker.
  • Personal Capital CEO Bill Harris, former PayPal CEO, discusses how PayPal fits into mobile payments.
  • InComm partners with U.K.-based Sainsbury’s to help consumers save on the cost of fuel at Sainsbury’s petrol stations after buying gift cards.
  • Jo Ann Barefoot podcast interviews Lending Club founder and CEO, Renaud Laplanche.

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

  • Intelligent Environments to Enable Online Banking with Emojis Instead of Passwords

Around the web

  • KeyPoint Credit Union ($1 billion in assets) to deploy Architect Banking Solution from ACI Worldwide.
  • Misys welcomes Simon Paris, president and chief sales officer.
  • Wipro introduces its e-KYC solution based on its AI platform, Wipro HOLMES.
  • The 42 looks at Lending Club and Zopa in its feature on why people “should embrace P2P lending.”
  • EverSafe celebrates “World Elder Abuse Awareness Day” with its top tips to prevent elder financial exploitation.
  • Business Insider previews the looming competition between Stripe and Klarna as the former enters the Nordic market.
  • Pacific Life chooses GMC Inspire from GMC Software Technology to improve customer communication workflow.
  • IR Magazine highlights StockViews in a column on how innovations in fintech impact investor relations.
  • NerdWallet turns to Trulioo CEO Stepehn Afford on the topic of protecting small businesses from cyberthreats.
  • Renaud Laplanche of Lending Club wins spot among Glassdoor’s Highest Rated Small Business CEOs for 2015.
  • The Seattle Times profiles LendingRobot.

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

  • Kantox Picks Up $11 Million in Series B, Doubling Total Capital
  • Guide Financial Acquired by John Hancock Financial

Around the Web

  • Misys unveils its in-memory analytics engine, FusionBanking Insight.
  • True Potential launches its Apple Watch app.
  • Commonwealth Bank of Australia begins testing Ripple as intra-bank transfer solution.
  • Michigan-based Isabella Bank to deploy workflow suite from Jack Henry & Associates.
  • Lending Club CEO talks about the brand-building benefits of going public.
  • Jet Propulsion Laboratory partners with eSignLive from Silanis Technology for end-to-end digital e-contracting.
  • Bankless Times features Avoka and its friction-minimizing, customer-onboarding technology.
  • PayPal to provide Touch ID support for its iOS app.
  • Gold Bullion International announces expansion into Asia.
  • eBay partners with Taulia to launch Preferred Supplier Program.

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.

Misys Launches FusionBanking Essence Islamic

MisysFusionIslamic_homepage_May2015

When you think of the underbanked, the Islamic world may not immediately come to mind. But the launch of Misys FusionBanking Essence Islamic banking solution suggests that the Finovate Best of Show winning banking innovator has been thinking about the sector for awhile.

Calling Islamic banking ripe for disruption, Mahmoud Tallat—product manager, FusionBanking Essence Islamic—pointed to the sector’s growth of more than 17% a year compared to its poor return on equity (12.6%) compared to the rest of the industry (25%). He also highlighted the importance of getting both Sharia-compliance and superior service right: A survey by PricewaterhouseCooper showed only 52% of Islamic banking customers believe their bank to be “truly Islamic.”

With regard to service, this means both providing the unique tools and resources required for Islamic banking, as well as increasing the number and quality of products available to customers. Misys notes that the average products per customer in conventional banking is more than twice that in Islamic banking (4.9 compared to 2.1).

Decades ago, Misys brought online the first Islamic bank in the United Kingdom, Al Rayan Bank, formerly the Islamic Bank of Britain. Misys believes that its platform experience—embrace of technology, 24/7 response, and social aspect—put it in the unique position to help “ambitious Islamic banks … accumulate new customers and increase their share of wallet.”

FusionBanking Essence Islamic features pre-configured, Sharia-compliant products, including Murabaha and Finance Ijara instruments. The platform uses these “pre-defined micro workflows” to give banks more control over individual elements of an Islamic banking product: In other words, it has already streamlined those regulatory elements that traditionally have made Islamic banking more complex and costly.

Founded in 1979 and headquartered in London, Misys has made three appearances on the Finovate stage, most recently in February at FinovateEurope 2015. Nadeem Syed is CEO.

Finovate Alumni News

On Finovate.com

  • Bitcoin-based P2P Lending Platform Bitbond Raises $670,000
  • WePay Closes $40 Million Series D Round Led by FTV Capital
  • Misys Launches FusionBanking Essence Islamic

Around the web

  • SEKUR Me debuts Apple Pay for online purchases featuring universal buy-button and one-click mobile payments.
  • Intuit launches Sync with PayPal to help SMBs simplify tasks with QuickBooks online data-integrations.
  • LifePay announces plans to expand into Southeast Asia in wake of ipoxPro acquisition.
  • The Guardian highlights Azimo as a “well-established” alternative to banks regarding money-transfer overseas.
  • NYSE’s new Bitcoin Index is powered by Coinbase.
  • Anheuser-Busch Employees Credit Union to deploy online- and mobile-banking solutions from Digital Insight.
  • Merck Sharp & Dohme Federal Credit Union adds processing and additional solutions from Fiserv.
  • Community Banks and Credit Unions go live with Touch ID in mobile banking through Malauzai Software.
  • Arxan appoints Sam Rehman as chief technology officer.
  • Nerdwallet features Seattle-based Lighter Capital.
  • Bankless Times talks with Brock Blake, Lendio CEO, about the company’s success.
  • PayNearMe to offer its cash payment service to Telinta’s service-provider customers.

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

  • Multi-Factor Authentication Specialist Toopher Acquired by Salesforce

Around the web:

  • Moven updates iOS and Android apps for easier views of balance and spending.
  • Concur surpasses 30-million-user milestone.
  • Multi-factor authentication now available for Venmo users on both iOS and Android.
  • Mobile World Live interviews VP of Telenor Financial Services and CEO of Valyou, Viktoria Erngard.
  • FT.com Business & Economy feature on P2P foreign exchange highlights TransferWise, CurrencyFair, Currency Cloud, and Kantox.
  • Misys wins honors in three categories at FStech Awards 2015.
  • HedgeCoVest adds 14 new models to its platform.
  • Business Insider Australia features Xero.
  • Yodlee announces 100% revenue growth in Australia and New Zealand.
  • Check Point to acquire Lacoon Mobile Security for a reported $100 million.

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 Alums Win Honors at Fintech Innovation Awards

Congratulations to the fourteen now and soon-to-be Finovate alums recognized by the Fintech Innovation Awards 2015. Four alums took home top honors in their categories.

FIA2015_homepage

Nutmeg won two categories: “Fintech Marketing Campaign of the Year” and “Fintech Startup or Early Stage of the Year”. Nutmeg CEO Nick Hungerford was also a finalist in the “Fintech Leader of the Year” category.

Jumio won the “Anti-Fraud/Security Initiative” category. Making its Finovate debut last month at FinovateEurope 2015, Yoyo won in the “Mobile Commerce and Banking” category. And INETCO,  which will make its Finovate debut at FinovateSpring 2015 this May in San Jose, won the “Data Solutions” category.

Other Finovate alum finalists were:

Held at The Brewery in London, the FinTech Innovation Awards recognize accomplishments in global finance and payments technology. In addition to recognizing achievements by individual companies and CEOs, the event also honors collaboration via its “Project Implementation Team” and “FinTech Deal of the Year” awards (Finovate alum Dwolla was a finalist in the latter for its partnership with the Chicago Mercantile Exchange).

The Fintech Innovation Awards 2015 were held in association with bobs guide and paymenteye. Read more about the event.

Alumni News– February 23, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNutmeg launches its first personal pension plan.
  • Misys wins award for “Best OMS Provider” at MENA Fund Manager Services Awards with its FusionInvest technology.
  • USA Today Technology interviews Loop CEO Will Graylin about his company’s acquisition by Samsung.
  • ACI Worldwide to deploy Self Service Business Banking, Mobile, and Billpay solutions at Apple Bank.
  • Mad Money’s Jim Cramer interviews SeedInvest CEO Ryan Feit.
  • LA Times features Green Dot and its efforts to engage the “unhappily banked” with its prepaid cards.
  • Bank of Ozarks implements Premier banking solution from Fiserv.
  • Taulia expands management team with 4 new members.
  • Recent partnership enables Synergy Resources clients to integrate Expensify with their Infor VISUAL back-end.
  • City of North Las Vegas partners with PayNearMe to enable residents to pay bills in cash at 17,000 retail stores.
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.

Misys’ FusionBanking Takes a New Approach to Digital Banking

MisysLogo3.jpgThis post is part of our live coverage of FinovateEurope 2015.

Misys demonstrated how it brings banking into consumers’ everyday lives.

Misys FusionBanking Essence Digital brings a new approach to digital banking, making banking and personal financial management truly frustration-free for consumers.

Misys pioneers the latest innovations in technology and mobile devices. At FinovateEurope, Misys is demonstrating the latest concepts in mobile and online banking: biometric authentication, customizable design, new widgets for ‘net wealth’ and ‘wishes and goals,’ with automatic object recognition and push notifications that bring banking into consumers’ everyday lives.

 

Presenters: Alex Kwiatkowski, senior marketing strategist, banking and digital channels; József Nyíri, director of innovation, digital channels
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Metrics: Misys has more than 2,000 customers in 130 countries, supported by 4,500 employees.
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: London, United Kingdom
Founded: 1979Website: misys.com
Twitter: @MisysFS

Alumni News—February 6, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCardFlight releases its mobile POS app, SwipeSimple 2.0.
  • Sky News reports Temasek is investigating a possible purchase of Misys.
  • The Observer features Ripple Labs in its look at the “race to replace bitcoin.”
  • Column on digital money accounting highlights, Mint, Venmo, and Coinbase.
  • Investopedia compares Motif Investing to investing with traditional exchange-traded funds (ETFs).
  • Forbes highlights Betterment, Wealthfront, FutureAdvisor, blooom, Motif Investing, and Personal Capital in a column on roboadvisors.
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.