Finovate Alumni News

On Finovate.com

  • Finovate Alums Shine in 2019 Forbes Fintech 50 Roster.

Around the web

  • Mirror Review features Neener Analytics founder and CEO, Jeff LoCastro on small data and social media analytics.
  • Connecticut’s Guilford Savings Bank to deploy technology from Jack Henry & Associates.
  • BioMetric Signature ID to integrate identity verification technology from Mitek to provide authentication for its BioProof-ID solution.
  • Business Intelligence Group honors Jumio as part of its 2019 BIG Innovation Awards.

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

  • Quid Lands $37.5 Million Round Led by Lexis Nexis Parent
  • NTT DATA Services to Acquire Sierra Systems.

Around the web

  • Equifax partners with consents.online to develop Open Banking solutions.
  • Fiserv powers digital banking platform for Bogota Savings Bank.
  • Neener Analytics launches pilot with MAPFRE Insurance.
  • Best Innovation Group deploys Geezeo PFM SDK.
  • BioCatch partners with 7 tier-one Latin American banks.

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 Global: Fintech News from Around the World

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Middle East and Northern Africa

  • Personality Biometrics Specialist Neener Analytics Partners with American Express as part of Accelerate Middle East initiative.
  • Abu Dhabi Global Markets (ADGM) launches its digital sandbox.
  • Ithmaar Bank of Bahrain and Eazy Financial Services partner to launch biometric payment network.
  • Al Salam Bank Bahrain (ASBB) leverages technology from Clayton to launch new mobile banking solution.
  • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.

Central and South Asia

  • Infosys to Acquire Fluido for $76 Million.
  • TPS and DigInc partner to support mircofinancing in Pakistan.
  • Bengaluru’s SlicePay, which provides credit to millennial consumers, announces Series A investment led by China’s FinUp Finance Technology Group.

Latin America and the Caribbean

  • Argentina-based digital financial services startup MONI raises $4.5 million in funding. In Spanish.
  • Mexico’s much-anticipated Fintech Law goes live.
  • Euromoney profiles Brazilian data management fintech, Quod.

Asia-Pacific

  • Vietnam Prosperity Bank (VPBank) launches its digital brand, Yolo.
  • Indonesia’s B2B marketplace Ralali raises $7 million in new funding.
  • Singapore introduces the first unified payment QR code.
  • ASEAN Financial Innovation Network (AFIN) launches its API Exchange.
  • Moka, a business payments management startup from Indonesia, picks up $24 million in round led by Sequoia India and Southeast Asia.

Sub-Saharan Africa

  • Jumo, a fintech startup from South Africa that helps provide financing to the underbanked, raises $52 million in round led by Goldman Sachs.
  • Central Bank of Kenya to consider new regulations for the country’s digital lenders.
  • South Africa’s Click2Sure and Finovate alum Entersekt chosen to participate in AlphaCode’s accelerator program.

Central and Eastern Europe

  • Nordigen, a credit risk assessment solution provider based in Latvia, announces $800,000 in new funding.
  • Forbes looks at the collaboration between IBM, PwC, and the Czech Republic’s Blockchain Connect Association.
  • Hackernoon makes the case for “developing your fintech solution in Poland.”
  • Which Eastern European country is making the biggest strides when it comes to innovating with blockchain technology? Bitnews Today shares its review of the region.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • Personality Biometrics Specialist Neener Analytics Partners with American Express.
  • Infosys to Acquire Fluido for $76 Million.

Around the web

  • Avaloq upgrades open software architecture designed to make banks more agile.
  • PayPal announces global launch of Checkout with Smart Payment buttons.
  • TransPecos Banks selects NYMBUS to launch BankMD.com.
  • itBit selected as a custody provider for Voyager’s new crypto-brokerage service.

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

  • Additiv Partners with Orange Business to Bring Digital Wealth Management to FIs.
  • Zopa’s Record Lending Figures Suggest a Healthy U.K. P2P Lending Sector.

Around the web

  • Iraq’s Banque Liban-Francaise completes upgrade to Temenos’ T24 core banking system.
  • P2P lender Zopa announces 40% revenue growth and a return to profitability.
  • Ohpen signs LeasePlan Bank as its latest customer.
  • Efigence implements technological side of Alior Bank open banking project.
  • Open Bank Project collaborates with Citizens Bank hackathon.
  • The World Economic Forum names Neener Analytics as a Technology for Integrity 2018.
  • YellowDog wins Business Innovation Award at inaugural Best New Business Awards.
  • Finicity forges data sharing agreement with USAA.
  • MapD debuts MapD 4.0 for interactive location intelligence at scale.

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

  • eToro Launches Cryptocurrency Exchange, Expands to U.S.
  • Tradeshift’s Tradeshift Pay to Free Up $9 Trillion in Cash Trapped in Accounts Receivable.
  • International Invoicing Platform from Flywire Emerges from Beta.

Around the web

  • Compass Plus adds interchange functionality to its open development payments platform, TranzAxis.
  • Finastra names Jim Fiesel Managing Director of Capital Markets and Lending Sales for the Americas.
  • eToro to incorporate in Gibraltar to take advantage of new DLT regulatory framework.
  • Neener Analytics completes proof of concept with one of Mexico’s largest credit card issuers.
  • Multiple-time Best of Show winner Ondot Systems announces more than  3,000 financial institutions are offering mobile card controls powered by its technology.

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

  • Entrust Datacard appoints Beth Klehr Chief Human Resources Officer.
  • Emida announces it is actively seeking partnerships with early-stage tech companies whose products and services support the Telecommunications sector.
  • AdviceRobo and Neener Analytics selected for BNP Paribas’ Plug and Play accelerator 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.

Finovate Alumni News

Around the web

  • Neener Analytics completes a Proof-of-Concept with one of the largest credit card issuers in Mexico
  • NetGuardians partners with valantic to take on the German market
  • Study Loans leverages Cloud Lending Solutions for Student Lending Offering.
  • Celent recognizes Fidor for its customer experience as a pioneer in the use of open APIs in banking.
  • Jack Henry & Associates partners with Autobooks to deliver enhanced small business banking functionality.
  • OnDeck delivers 8% sequential loan growth, announces Q1 gross revenue of $90 million.
  • PaySimple announces real-time data integration with QuickBooks Online.

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 Global: Fintech News from the Periphery

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from the Periphery is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Asia

  • Singapore Business Review names Turnkey Lender and Bambu among Singapore’s hottest startups.
  • Citi introduces Facebook Messenger bot in Singapore as initial stage of wider worldwide rollout. (link)
  • Revolut founder and CEO Nikolay Storonsky discusses plans for APAC expansion with TechWireAsia.

Africa

  • Flywire and Flutterwave partner on cross-border payments & receivables in Nigeria.
  • Africa-based fintechs picked up almost one third of all Venture funding in Africa in 2017, according to a report from Disrupt Africa.
  • Village Capital Fintech Africa Cohort 2018 lists its incoming class of 12 startups.

MENA

  • Fintech Circle and Abu Dhabi Global Market (ADGM) to launch fintech education courses.
  • Gulf News Banking takes a look at the digitization of the fintech sector in the Middle East.
  • Bahrain-based security startup, Eazy Financial Services, launches first biometric payment network in MENA.

LATAM

  • Neener Analytics Completes Proof-of-Concept with Jamaican Payday Lender.
  • Alipay partners with Openpay to connect Chinese consumers with merchants in Mexico. (link)
  • Amazon.com unveils first debit card in Mexico as part of e-commerce initiative.

CEE

  • Personetics Brings Cognitive Banking to Romania’s Banca Transilvania.
  • Sberbank to host the first International Cybersecurity Conference in July.
  • CEE Fintech Survey for 2017 cites Poland’s fintech industry as the region’s most vibrant.

Top image designed by Freepik

Neener Analytics Completes Proof-of-Concept with Jamaican Payday Lender

FinovateSpring Best of Show winner Neener Analytics is showing a leading payday lender headquartered in Jamaica how its social media analytics can help boost a number of KPIs.

In a recent email, Neener Analytics said that a just-completed pilot resulted in lowering the lender’s default rates by 33%, and showed ways to grow revenue by more than 20% and  increase loan volume by than 33% without increasing current risk thresholds.

“We’re not cherry-picking here. This is just another example of results we achieve regularly for our customers,” the company stated.

Neener Analyics has developed social media analytics solutions for lenders, insurance companies and other businesses to help assess risk outcomes for thin file and no file credit customers. The company’s regulatory, compliant solutions work with a simple, single login from Facebook, LinkedIn, or Twitter, and enable institutions to predict which borrowers represent a high default risk, which borrowers are likely to payoff debts early, and even which debtors are likely to pursue full amortization (the likelihood that their debt will be revolved). Neener Analytics also provides a risk-correlated, projected FICO score with an accuracy of nearly 80%.

At FinovateSpring last year, the company demoed key features of its compliant social media analytics platform: Default Prediction, Transactor-Revolver Prediction, and Risk Alignment. Based in San Jose, California, Neener Analytics was co-founded by Jeff LoCastro (CEO) and Marc Tomlinson (CTO & Co-founder). The company is an alum of the Plug and Play accelerator, entering the program in the fall of 2017, and was a finalist in the Citi Tech for Integrity Challenge. Read our profile of Neener Analytics from last summer.