Mitek Archives - Page 4 of 14

Finovate Alumni News

By David Penn Posted on June 23, 2017
Categories: Blockchain, Fiserv, Mitek, Personetics, Student Loan Genius, Trustly, ZipZap

On Finovate.com

Blockchain Lands $40 Million Series B.

With AI and Automation, Personetics Act Turns Banking Apps into Financial Wellness Apps.

Student Loan Genius Joins Inaugural U.S. Class of BBVA Program for Social Entrepreneurs.

Around the web

Greater Wyoming FCU ($23 million in assets) transitions to integrated banking solutions from Fiserv.

Mitek adds Jeff Davison as new Chief Financial Officer.

Trustly readies first The State of Online Banking report for release next week.

ZipZap chosen to participate in U.K. Financial Conduct Authority (FCA) Regulatory Sandbox.

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.

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Trulioo Bolsters Regtech Solution with Mitek Partnership

By Julie Muhn (@julieschicktanz) Posted on May 15, 2017
Categories: Mitek, Trulioo

Trulioo’s GlobalGateway just added a layer of biometric authentication to its identity verification tool. Through a partnership with Mitek, the company will compare a photo of the user’s ID document with their selfie to ensure they are who they say they are.

GlobalGateway offers a single API to help financial services companies comply with AML and KYC regulations. The regtech platform evaluates new and existing users; its 200 data sources help identify more than four billion people in 50 countries. The new partnership with Mitek will enable Trulioo to collect, analyze, and authenticate 3,500 different types of identity documents matched against a real-time photo of the user.

“Identity document verification with facial comparison enables an additional factor of authentication for high-value transactions,” said Stephen Ufford, CEO of Trulioo. “This new partnership with Mitek ensures our clients continue to have instant access to powerful tools for their fraud prevention and compliance systems.”

At FinovateFall 2016, Trulioo’s Head of Growth, Anatoly Kvitnitsky, demonstrated how GlobalGateway blocks fraudulent users from onboarding in real time. Earlier this month, the company added new Canadian data sources to reflect Canada’s new AML rules for remote ID verification. Trulioo will offer a presentation geared toward developers at FinDEVr London next month on June 12 and 13 during London Tech Week. Register today to secure your spot at the event.

Mitek recently demoed at FinovateEurope 2017, where the company’s General Manager of Identity Solutions, Sarah Clark, and CMO, Kalle Marsal, showcased the company’s Mobile Verify solution that helps onboard customers without requiring them to visit a branch.

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Finovate Alumni News

By David Penn Posted on May 15, 2017
Categories: Alpharank, BanQu, BioCatch, Dorsum, Fiserv, Green Key Technologies, Misys, Mitek, Outsystems, Signicat, Trulioo

On Finovate.com

Best of Show Winner Alpharank Earns Spot in FIS Accelerator

Finovate Debuts: Dorsum Puts the AI in DAISY, its Onboarding ChatBot

Trulioo Bolsters Regtech Solution with Mitek Partnership

How to Make It In the Fintech Industry: Startup Success Stories Speak Out

Around the web

Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform. Join Trulioo at FinDEVr London next month where the company will lead a lunch roundtable discussion, AML, KYC, OMG: How to manage compliance with a smaller team and a better UX.

Greenkey Technologies announces interconnection partnership with iMarket.

Misys launches FusionCapital Detect, an AI-powered, smart personal assistant that helps identify errors and anomalies in trade transactions.

Daily Fintech profiles blockchain innovator and Finovate Best of Show winner, BanQu.

FinDEVr alum OutSystems expands to Asia with new office in Japan.

Signicat teams up with Rabobank to launch new, Netherlands-based digital identity service provider.
Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv.

BioCatch Receives Frost & Sullivan New Product and Innovation Award for Continued Disruption in Behavioral Biometrics Landscape.

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.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on April 21, 2017
Categories: Algomi, BBVA, Bento for Business, Coinbase, Expensify, Featurespace, Icon Solutions, Larky, Mitek, NICE Systems, Ripple, Temenos, Walletron

On Finovate.com

Coinbase Launches Open Source Ethereum Wallet to Promote Financial Inclusion.

Around the web

Expensify partners with TravelPerk to make business travel easier.

Bento for Business welcomes Lou Friedmann as Chief Revenue Officer.

Featurespace’s ARIC platform to power fraud prevention for GoHenry.

BBVA and Ripple complete blockchain cross-border money transfer pilot.

Larky to power location-based perks platform for Sharetec’s CU clients.

Icon Solutions enhances Instant Payments Framework (IPF) to connect to The Clearing House for US Real-Time Payments.

Walletron helps Transactis grow its electronic billing and payments service, BillerIQ.

NICE Actimize unveils new, cloud-based, fraud analytics optimization technology, ActimizeWatch.

Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.

IBS Sales League recognizes Temenos as “number one best-selling digital and channels solution” worldwide.

Algomi teams up with OpenFin to deploy software updates faster.

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.

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Finovate Alumni News

By David Penn Posted on April 7, 2017
Categories: AdviceRobo, Blackhawk Network, Kofax, Kreditech, Meniga, Mitek, Outsystems, Tradeshift, VISA

On Finovate.com

Meniga Scores $8 Million to Help Banks Leverage their Data.

Around the web

Visa Checkout achieves 20 million enrolled accounts milestone.

Kreditech adds two new independent board members.

Tradeshift unveils major platform update, Magellan 1.

Kofax launches cloud-based document capture and invoicing solution, ReadSoft Online R9.

Mitek announces reaching $1 trillion deposit milestone for its Mobile Deposit solution.

OutSystems picks up SOC 2 Type 1 attestation report affirming quality of company’s internal controls and processes. Check out the company’s presentation from FinDEVr 2017 New York.

NIBC Direct partners with AdviceRobo to help it pro-actively flag mortgage clients that could fall into default.

Blackhawk Network Launches Website for Reward Prepaid Cards in Canada

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.

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Finovate Alums Populate RegTech Top 100 Power List

By David Penn Posted on March 28, 2017
Categories: Ayasdi, BehavioSec, BioCatch, DemystData, Feedzai, Fenergo, Global Debt Registry, InvestGlass, Mitek, nCino, NetGuardians, Qumram, Rippleshot, SecureKey, Socure, Temenos, Trulioo, Trunomi, Trustev

Call it them the Finovate Fifth.

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia.

Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. It is also worth noting that their definition of RegTech is broad enough to include not just ID verification/authentications specialists, but biometric security innovators, as well.

So let’s take a look at how Finovate/FinDEVr alums stacked up.

(1) Temenos (FE15, FD15)

Founded 1993. Headquartered in Geneva, Switzerland. Market capitalization of $5.63 billion.

Pictured: Aaron Phethean, Marketplace Director for Temenos B2B Financial Services Marketplace, during his FinDEVr Silicon Valley presentation.

(3) Trulioo (FF16, FD14)

Founded in 2011. Headquartered in Vancouver, British Columbia, Canada. Raised $23 million in funding.

(5) Qumram (FF16)

Founded in 2011. Headquartered in Zurich, Switzerland. Raised $4.5 million in funding.

(8) Socure (FF15)

Founded in 2012. Headquartered in New York, New York. Raised $18 million in funding.

(10) Feedzai (FE14)

Founded in 2009. Headquartered in San Mateo, California. Raised $26 million in funding.

(11) Ayasdi (FF14)

Founded in 2008. Headquartered in Menlo Park, California. Raised $106 million in funding.

(18) NetGuardians SA (FA16)

Founded in 2007. Headquartered in Vaud, Switzerland. Raised $5.5 million in funding.

Pictured: Mine Fornerod, Net Guardians Digital Marketing Manager, demonstrating FraudGuardian at FinovateAsia 2016.

(19) BioCatch (FF14)

Founded in 2011. Headquartered in Tel Aviv, Israel. Raised $11.6 million in funding.

(34) Investglass (FA16)

Founded in 2014. Headquartered in Plan-les-ouates, Geneva, Switzerland. Raised $100,000 in funding.

(38) Mitek (FE17, FD15)

Founded in 1985. Headquartered in San Diego, California. Market capitalization of $218 million.

Pictured: Sarah Clark (General Manager, Identity, Mitek) demonstrating Mobile Verify at FinovateEurope 2017.

(39) nCino (FE17)

Founded in 2012. Headquartered in Wilmington, North Carolina. Raised $64.7 million in funding.

(45) SecureKey (FF12)

Founded in 2008. Headquartered in Toronto, Ontario, Canada. Raised $89 million in funding.

(48) Rippleshot (FF14)

Founded in 2012. Headquartered in Chicago, Illinois. Raised $4.6 million in funding.

(63) Trunomi (FE15)

Founded in 2014. Headquartered in San Jose, California. Raised $6 million in funding.

(66) BehavioSec (FF15, FD15)

Founded in 2007. Headquartered in Stockholm, Sweden. Raised $8.2 million in funding.

Pictured: Olov Renberg, BehavioSec COO, demonstrating BehavioSec On Demand at FinovateFall 2015.

(76) DemystData (FA12)

Founded in 2010. Headquartered in Singapore. Raised $12 million in funding.

(77) Fenergo (FE12)

Founded in 2009. Headquartered in Dublin, Ireland. Raised $80 million in funding.

(84) Trustev (FE14)

Founded in 2013. Headquartered in Cork, Ireland. Acquired by TransUnion.

(96) Global Debt Registry (FF14)

Founded in 2005. Headquartered in Wilmington, Delaware. Raised $7 million in funding.

Stay tuned for more coverage of RegTech and other growing industries within fintech as we begin previewing the presenters of FinovateSpring 2017. Finovate returns to San Jose on April 26 and 27 for our annual spring conference. Visit our registration page today to save your spot.

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Women on the Finovate Stage

By Julie Muhn (@julieschicktanz) Posted on March 8, 2017
Categories: Avoka, Comarch, CREALOGIX, Dorsum, ebankIT, EyeVerify, GainX, Horizn, ICAR, ITSector, Mitek, nCino, Swaper, Trustly, Wealthify, Xignite

There are plenty of things about fintech worth celebrating, but today, in honor of International Women’s Day, we’re giving three cheers to the women in fintech!

We’re taking a special look at our most recent show, FinovateEurope, where 23% of the presenting companies were represented by a woman on stage. That’s a 50% increase from 2015, where 15% of the companies had female speakers, and a huge leap from our first event in 2007 with zero (see note 1).

So here’s to progress. And here’s to the women of FinovateEurope:

Avoka

Hali Khan, Director, Business Development