Finovate Alumni News

On Finovate.com

  • Singapore’s CredoLab Partners with CIMB Bank Philippines in Bid to Boost Financial Inclusion.
  • Refinitiv Inks Strategic Partnership with SigFig.
  • PayPal’s move into China is a big deal.

Around the web

  • DriveWealth appoints Julie Coin as new President.
  • NOVO BANCO to deploy billing and payment tech from Fiserv.
  • Finastra deepens ties with Seattle Bank.
  • NIIT Technologies partners with mabl to deliver faster application testing services.
  • Lendio to double sales force, expand loan product offerings.
  • Faraday integrates with Iterable to enable mutual customers to leverage Faraday’s AI-generated predictions in their Iterable workflows.
  • BehavioSec earns Gold at the 2019 Golden Bridge Awards and is selected as the CyberSecurity Breakthrough Awards’ Multifactor Solution of the Year.
  • Signifyd’s Seamless SCA solution receives all of the merchant domain EMVCo certifications.
  • Backbase opens office in Dubai.

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

  • Content Capture Innovator Ephesoft Allies with Grant Thornton.
  • Gusto Raises $200 Million with $3.8 Billion Valuation.

Around the web

  • TD Ameritrade offers voice-activated investing technology.
  • NIIT Technologies’ revenue grew 16+% YoY, and its after-tax profit increased 2% YoY.
  • Scalable Capital partners with Futurae to add multi-factor authentication technology into its investment platform.
  • LoanScorecard goes live with its Bank Statement Analyzer tool.
  • Betterment adds savings and checking accounts to its offerings.
  • U.K. neobank revverbank to deploy cloud banking technology from Finastra.
  • CardFlight partners with PAX Technology to make SwipeSimple terminal available to clients on the PAX A920 and PAX A80.
  • Australia’s Volt Bank teams up with FIS to power its mobile and card payment services.
  • Alterna Bank unveils its new advanced digital platform, Forge, powered by Backbase.

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

  • Holvi Expands to Five New European Markets.
  • Artivest Inks Deal with Institutional Investment Manager LaSalle.
  • BioCatch Brings on New Chief Revenue Officer.
  • Yseop Pairs Up with Larsen & Toubro Infotech.

Around the web

  • Inc. names Blend, Kabbage, Lendio, Plaid, Pendo, Signifyd, and Ripple among the best places to work.
  • Alt Coin Magazine interviews Steven Parker, Crypterium CEO.
  • Interactions‘ IVA was named the top virtual assistant in Speech Technology Magazine’s 2019 People’s Choice Awards.
  • Salt Edge Open Banking API now supports eIDAS PSD2 certificates.
  • NIIT Technologies launches Cognitive Service Desk Audit, a tool to help applications understand and interpret user needs through natural communication.

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

  • Simple’s Payments Go Analog with Paper Checks.
  • Fenergo Supports Bahrain’s Blockchain-Based KYC.
  • Flywire Offers Chinese Students and Patients Discounted FX Rates.
  • doxo and Plaid Team Up to Bring Overdraft Protection to Billpay.

Around the web

  • ACI extends partnership with Vocalink into Saudi Arabia to facilitate the adoption of real-time payments through ACI’s UP Real-Time Payments solution.
  • First National Bank selects ProfitStars’ Commercial Lending Center Suite.
  • Centrale Kredietverlening selects nCino for its Bank Operating System.
  • Wipro develops blockchain-based solution with R3 to power digital currency transactions for Thailand banks.
  • Klarna and Stripe partner to offer Klarna’s Pay in 3 to Hideout festivalgoers through ticketing platform Kaboodle.
  • Forbes highlights BioCatch’s behavioral biometrics fraud prevention technology.
  • Insuritas and Tower Hill Specialty partner to bring Tower Hill’s property products to market through Insuritas’ bank partner network.
  • NIIT Technologies partners with Blue Chip to bring its wealth management application to Blue Chip’s IBM POWER.

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

  • Refundo to Return Tax Refunds in Bitcoin.
  • Klarna Brings its Alt Payment Options to Brick and Mortar Retail Shoppers.

Around the web

  • Kony and Micronotes team up to bring Micronotes’ personalized conversation solution to banks using Kony DBX.
  • SecureKey’s Verified.Me identity verification solution is now available for consumers of CIBC, Desjardins, RBC, Scotiabank and TD across Canada.
  • Fenergo working with Bahrain’s Electronic Network for Financial Transactions to design and implement a KYC solution that incorporates blockchain technology.
  • NIIT Technologies’ AdvantageGo launches Underwriting, a solution that consolidates and provides all underwriting functions into a single platform.
  • GreatHorn awarded U.S. patent for new email impersonation detection method.
  • Onfido, Alphapoint earn spots in the inaugural cohort of cross-border regulatory sandbox, Global Financial Innovation Network (GFIN).
  • Envestnet unveils new suite of analytical tools for financial advisors, Envestnet Advisor Analytics.

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.

NIIT Technologies to Acquire WHISHWORKS IT Consulting

IT solutions organization NIIT Technologies is making a move this week to acquire WHISHWORKS. The IT consulting firm is expected to strengthen NIIT’s digital capabilities and complement the company’s offerings to create a powerful solution in the digital integration space.

Specific terms of the deal, which is subject to regulatory approvals, have not been disclosed. However, NIIT announced it will acquire a 53% stake initially and purchase the remainder of the company over the next two years, with compensation dependent on financial performance. The company will be making the purchase in an all-cash transaction, funded through internal accruals.

“WHISHWORKS fits into our overall digital strategy, enhances our footprint in a high demand space, and is a significant addition to our existing capability spectrum in digital integration. This initiative is in line with our strategy to drive growth and create value over the long term by enhancing capabilities and domain depth, adding new partnerships, and making well-considered acquisitions that complement our existing strengths,” said NIIT Technologies CEO Sudhir Singh.

Founded in 2010, WHISHWORKS specializes in MuleSoft and big data technologies. The company’s 250 employees build around MuleSoft’s AnyPoint platform and its consultants hold over 350+ MuleSoft certifications, making it the largest group of MuleSoft certified experts in the EMEA region.

WHISHWORKS Founder and CEO Sri Arardhi said that the company sees “substantial opportunities and growth potential” with the new deal. Specifically, Arardhi noted that the company is “thrilled” to have NIIT Technologies’ support, presence, and scale in the U.S.

NIIT Technologies was founded in 2004 and is headquartered in Atlanta, Georgia. At FinovateSpring 2016 the company demoed Digital Foresight, a predictive analytics platform that enables a enterprises to develop actionable strategy for marketing, operations, and risk management.

Finovate Alumni News

On Finovate.com

  • NIIT Technologies to Acquire WHISHWORKS IT Consulting.
  • How Flywire Uses Machine Learning.

Around the web

  • NetGuardians partners with the University of Applied Sciences and Arts in Western Switzerland to improve ML and AI software for financial fraud detection and prevention.
  • Brewin Dolphin, one of the U.K.’s largest wealth managers, selects Avaloq’s software as a service solution for its back office infrastructure.
  • The Paypers: Worldline rolls out payment solution for online marketplaces.
  • Payjo relaunches as Interface.ai with a new interface, a new brand, and a platform for intelligent virtual assistants.
  • TurnKey Lender receives accreditation from the Singapore government’s IMDA, a certification that enables companies to expand into international markets easier.
  • Mambu to open a second North American-based office this year.
  • Authority Magazine interviews Ed O’Brien, CEO of eMoney Advisor.

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

  • GreatHorn Unveils Comprehensive Email Security Solution for the Enterprise.

Around the web

  • UrbanFT Co-Founder Mark Kilpatrick named to Forbes’ 30 Under 30.
  • Entrust Datacard IntelliTrust Cloud Service strengthens authentication for Microsoft Azure customers.
  • NIIT Technologies partners with R3 to build solutions on the Corda Platform.
  • CardFlight earns top 50 ranking in the 2018 Deloitte Fast 500 roster.

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

  • CoverHound to Help Intelligent Customers to Shop Around for Renter’s Insurance.
  • AlphaPoint to Power DCEX, an XRP-Based Currency Exchange.
  • ebankIT to Power Digital Banking for Coast Capital.

Around the web

  • Fiserv forges strategic alliance with cybersecurity firm, BlueVoyant.
  • mBank and Commerzbank to launch pan-European challenger bank.
  • Gartner recognizes i-exceed as a “Niche Player” in its Magic Quadrant for Mobile Application Development Platforms (MADP).
  • Finance Magnates features a profile on the Ledger Nano S hardware wallet.
  • Caja Sullana leverages credit scoring from LenddoEFL to provide young entrepreneurs access to credit.
  • Insuritas to launch a member owned insurance agency for America’s Credit Union and its 47,000 members.
  • NIIT Technologies recognized as ‘Star Performer’ on the 2018 Everest Group PEAK Matrix Insurance Application Services.
  • Glassdoor ranks Kasasa CEO Gabe Krajicek 45th in the Top 50 CEOs at Small and Medium Companies in the United 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.

Finovate Alumni News

On Finovate.com

  • BizEquity Brings its Valuation-as-a-Service Solution to TD Bank.

Around the web

  • FICO to offer free cybersecurity ratings to companies via its FICO Enterprise Security Score Portrait solution.
  • NICE Actimize covers P2P payments within its Fraud Essentials Cloud solution.
  • Global Debt Registry launches its loan registry on the IBM Blockchain Platform.
  • Harmonic Fund Services goes live with loan servicing technology, Fusion Loan IQ, from Finastra.
  • Gro Solutions names digital consulting firm Xtensifi as a certified development partner.
  • Kony accepted as a member in Jack Henry’s Symitar Vendor Integration Program.
  • NIIT Technologies ranked number one in ‘Business Understanding’ by clients in the 2018 UK IT Outsourcing Study.
  • 3rd-eyes selected for Swiss National Fintech Team.

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.