Finovate Alumni News

On Finovate.com

  • Boku Acquires Mobile ID and Authentication Company Danal

Around the web

  • CU Broadcast interviews Larky CEO Gregg Hammerman on what credit union CEOs are prioritizing for their members’ engagement today.
  • IdentityMind protects FIs with virtual currency risk assessment.
  • 32 fintechs graduate from Envestnet | Yodlee’s incubator.
  • Token brings Open Banking to Mena region.
  • Coinbase continues to explore support for new digital assets.
  • The city of Rye, NY partners with Passport to manage parking.
  • Mortgage Cadence integrates Radian’s mortgage insurance service into its Enterprise Lending Center solution.
  • The CX Show interviews SaleMove co-founder and CEO Dan Michaeli about creating contact center leaders.
  • TechCrunch interviews Transferwise cofounder and CEO Kristo Käärman on growing money transfers despite global turbulence.
  • Pendo Systems partners with Azimuth GRC and Global Comply.

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

  • Check out a sneak peek of Topicus.Finance’s upcoming demo at FinovateAfrica.
  • Launchfire Launches StepDemo to Enhance Employee Training.
  • Poland’s Braintri Merges with iCompass.

Around the web

  • Xero teams up with Absa Bank to improve access to financing for South African SMEs.
  • TransferWise opens its API.
  • Fenergo introduces new Client Lifecycle Management: Front to Middle Office Transformation app on Salesforce AppExchange.
  • Mortgage Cadence adds to its Enterprise Lending Center loan origination platform courtesy of a partnership with MGIC.
  • Tinkoff Bank enables its iOS-using customers to buy concert and theatre tickets via its mobile app.
  • ThetaRay CEO Mark Gazit appointed to the International Technology Advisory Panel of the Monetary Authority of Singapore.
  • Klarna forges partnership with weighted blanket developer, Gravity Blanket.
  • Temenos announces Technology Partner Agreement with distributed SQL database provider, NuoDB.
  • Aqubix, Behaviosec, CustomerXPS, ElectronicID, GreenKey, IdentityMind, Jumio, NICE, Onfido, Payfone, SecuredTouch, Sedicii, Trulioo, and Trunomi honored on RegTech 100 list.

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 Help Crowdfunding Platform Indiegogo Fight Fraud.

Around the web

  • The Technology Transformation Service of the U.S. General Services Administration awards $2 million bug bounty contract to HackerOne.
  • Mortgage Cadence integrates LoanBean’s income calculation solution into its end-to-end loan origination platform.
  • Minnesota-based Glenwood State Bank ($289 million in assets) to deploy Jack Henry SilverLake core banking platform.
  • Avaloq taps former Credit Suisse executive Michael Pahlke as Chief Service Delivery Officer (CSDO).
  • ID.me founder and CEO Blake Hall earns spot on Washingtonian’s Tech Titans 2018: Washington’s Top Tech Leaders.
  • Infosys announces plans to open tech hub in Arizona and hire 1,000 Americans by 2023.
  • PromonTech integrates its POS platform, Borrower Wallet, with GSF Mortgage.
  • Forbes features Tina Hsiao is COO at WePay.
  • Fenergo doubles revenue for 2nd year & expands into new market segments.
  • ISARA partners with DigiCert and Gemalto to develop digital certificates and secure key management for connected devices.
  • Flywire partners with Allianz Global Assistance to enable families to purchase Allianz’s GradGuard Tuition Protection Plan.
  • Trustly’s Pay N Play solution to power Gaming Innovation Group fast-registration and withdrawal feature.

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

  • Starling, Anorak Merge Insurtech with Mobile-Only Banking.

Around the web

  • Fiserv to power Philippine Veterans Bank’s digital transformation.
  • Token.io announced using public bank APIs to conduct end-to-end payments for U.K. banking group, CMA9, the first PISP to do so.
  • Housing Wire profiles Mortgage Cadence‘s LOS, Borrower Center.
  • Thomson Reuters launches new targeted reporting solution, RTS 27, for newly-registered MiFID II Systematic Internalisers.
  • NICE provides its Desktop Automation solution to Latin American CRM and BPO solution provider, Liq.
  • Tinkoff Bank enables movie ticket booking on the iOS version of its mobile app.
  • NCR releases managed services bundle for Community Financial Institutions (CFIs) to NCR channel partners.
  • WePay appoints Jennifer Parker as Chief Revenue Officer.
  • Neustar and Thunder join forces to deliver better customer experiences.
  • BanQu launches partnership with Anheuser-Busch InBev to revolutionize supply chain transparency in Zambia.

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 Helps TransferGo Onboard New Users Faster.
  • Hydrogen Unveils FINDI Consortium to Boost Support for Public Blockchains.
  • Ondot Brings Card Control Technology to PSCU.

Around the web

  • AI Foundry teams up with ECM software provider MTS Software Solutions.
  • Joint solution between Jscrambler and Intertrust to provide protection for mobile and JavaScript apps.
  • Home Bank implements Loan Fulfillment Center (LFC) from Mortgage Cadence.
  • Tinkoff Bank begins offering loans to SMEs.
  • AlphaPoint hires Srikant Manda as Chief Information Security Officer.

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

  • New partnership makes Venmo a payment option for Uber and Uber Eats.
  • Hedgeable announces plan to end management of accounts by mid-August.
  • IdentityMind Global to provide KYC for Ontology Trust Ecosystem.
  • Socure named to Red Herring Top 100 in North America for 2018.
  • Mortgage Cadence integrates compliance auditing and monitoring into its loan origination platform.
  • Bluefin and Verifone team up to boost payment security with PCI-validated Point-to-Point Encryption (P2PE).
  • Twisto payment platform goes live in Poland this week.

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.

Finicity Forges New Partnership with Mortgage Cadence

Financial data aggregator and insights provider Finicity continues to make moves in mortgagetech by partnering with fellow Finovate alum, Mortgage Cadence. The two have teamed up to integrate Finicity’s Verification of Assets (VoA) solution into Mortgage Cadence’s loan origination platform.

“Our goal as a financial data aggregator is to find best-in-class partners who are also committed to data access, quality, and insights, and ultimately a better experience for borrowers,” Finicity CEO Steve Smith said. “We are excited to work with Mortgage Cadence to accelerate and improve the digital loan process.”

A short online process lets borrowers give consent to have their financial data accessed, enabling lenders using Mortgage Cadence with the VoA integration to generate a verification report with a single click. This, according to Finicity, can cut the traditional closing time by as much as six days.

Finicity’s VoA solution provides bank-validated insight into the borrower’s assets including information on accounts at multiple financial institutions, account types, balances, and detailed transactions, as well as the account owner(s) and address(es). Available via a simple API integration, the technology enables lenders to digitize and streamline asset verification.

“Our agreement with Finicity simplifies yet another important step in the mortgage process for both borrowers and lenders, getting everyone involved in the transaction to the closing table more quickly and with fewer steps,” executive managers of Services Center for Mortgage Cadence Brian Benson said.

Finicity demonstrated its Verification of Income (VoI) and Verification of Assets (VoA) credit decisioning solutions at FinovateFall 2017. Founded in 1999 and headquartered in Salt Lake City, Utah, Finicity has raised more than $50 million in funding and includes fellow Finovate alum Experian among its investors. The company has also been a contributor to our developers conference, FinDEVr, presenting “The Frictionless Aggregation Experience” at FinDEVr New York 2017.

Winning the FinTech Breakthrough Awards’ Best Personal Budgeting Service category earlier this month for its Mvelopes solution, Finicity partnered with digital mortgage marketplace provider BeSmartee in March, integrating its Verification of Assets solution into BeSmartee’s point-of-sale mortgage origination platform. The same month, Finicity announced that its asset verification technology would be integrated with Ellie Mae’s Encompass digital mortgage solution.

Making its Finovate debut at FinovateFall 2017 last year, Mortgage Cadence demonstrated its Collaboration Center. The platform provides lenders with a secure, multi-party communications portal that brings all parties, their workflow and information for the loan into a single, secure location.

Mortgage Cadence’s deal with Finicity is the company’s latest initiative to enhance its platform’s asset verification capabilities. In April, Mortgage Cadence integrated FormFree’s AccountCheck asset verification service into its Enterprise Lending Center. In terms of partnerships, the company secured the largest credit union in Oklahoma, Tinker Federal Credit Union with more than $3.6 billion in assets and 360,000+ members, as a technology partner in March.

Founded in 1999 and with offices in Denver, Colorado, and Minneapolis, Minnesota, Mortgage Cadence is a wholly owned subsidiary of Accenture, and serves more than 600 lenders across the U.S.

Finovate Alumni News

On Finovate.com

  • Arxan Brings its App Protection Technology to Android.
  • BondIT Integrates Bond Portfolio Solution with FIIG Securities.
  • Dwolla Launches Start, a Pay-as-You-Go Payment Solution.
  • Intelligent Environments Rebrands as ieDigital.
  • Finicity Forges New Partnership with Mortgage Cadence.

Around the web

  • Low-code development specialist OutSystems launches OutSystems Sentry, a new proactive security monitoring service for the company’s PaaS clients.
  • PayPal acquires Jetlore, an AI-powered prediction engine for retailers.
  • Halma partners with OurCrowd for life protection technologies.
  • CNP Awards recognizes ThreatMetrix for ThreatMetrix ID.
  • EY names Flywire CEO Entrepreneur of the Year finalist in New England.

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.

FinovateFall Sneak Peek: Mortgage Cadence

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Mortgage Cadence’s product, Collaboration Center, delivers on the company’s vision of being the last lending solution their customers will ever need through secure lending communications.

Features

  • Secure multi-party collaboration
  • Built-in messaging and real-time chat feature with time stamps for audit logging
  • Accelerated processing through automated document comparison

Why it’s a must-see
What if lending communications were safe again? Where traditional email falls short, Collaboration Center delivers with a secure, multi-party communication portal.


Presenters

Todd Hougaard, Product Manager
Todd Hougaard is Product Manager at Mortgage Cadence after formerly being the President and Founder of BeesPath Inc., whose ClosingBridge technology was acquired by Mortgage Cadence in 2017. Prior to BeesPath, he was the founder of Ingeo Systems, which was an early pioneer in in the field of SMART Docs, e-mortgages, eSignatures, eNotarization and eRecording. He was also a principal at GreenFolders, a paperless office solution for title and settlement agents, which was purchased by First American in 2011. At First American, he managed the sales operations of the SMS division and went on to launch the Rizolv consumer complaint management business. He is an active member of the American Land Title Association and serves on the Technology Committee. Todd holds a B.S. in Geography from Utah State University.
LinkedIn


Marc White, Sales Engineering Lead
White leads the national technology evaluation team for Mortgage Cadence. With 6+ years of industry experience, his passion for technology-empowered change inspires his work.
LinkedIn

 


Check out more previews of upcoming FinovateFall presentations. Visit our registration page to save your spot.