Finovate Alumni News

On Finovate.com

  • Roostify Partners with BOK Financial to Improve the Mortgage Lending Process.
  • WealthSpark Replaces the Personal Capital 401(k).

Around the web

  • NopSec named most innovative tech company of the year by 2018 American Business Awards.
  • Bill.com appoints Yael Zheng as Chief Marketing Officer.
  • Myawaddy Bank in Myanmar selects Infosys Finacle to power its digital transformation.

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

  • Signifyd Partners with Corra to Provide Guaranteed Fraud Protection for E-Commerce Merchants.

Around the web

  • Estonian financial group LHV to leverage technology from FICO to fight money laundering.
  • Klarna announces double-digit sales growth thanks to more retailers using the company’s solutions.
  • CNBC quotes MaxMyInterest head of business development and partnerships Michael Halloran on cash strategies for investors during times of market volatility.
  • Dynamics unveils enhanced functionality for its connected Wallet Card. See its latest demo at FinovateEurope next week.
  • TSYS Extends Existing Agreement with Capital One UK.
  • Mastercard to use Facebook Messenger to help small businesses in Africa and Asia drive mobile and electronic payments acceptance.
  • Worldline teams with Total to launch TOTAL eWallet.
  • FutureTech Podcast hosts Capitalise CEO Shahar Rabin on using natural language to automate trading strategies.
  • NopSec Awarded Most Innovative Cybersecurity Company 2018.

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

  • Fintech Favorites: Token and Fidor Pilot Payments Project; Meet Miss Kaya: Singapore’s First Women-Centered Robo Advisor.
  • EVRY Inks Five-Year Core Banking Agreement with Fana Sparebank.

Around the web

  • Alfa Bank and S7 Airlines test service payment transaction processing using blockchain-based smart contracts.
  • WalesOnline recognizes Wealthify in its feature on Welsh firms “likely to have a very good 2017.” Join Wealthify in London for FinovateEurope in February.
  • The Wild Wong looks at money saving strategies with Qapital.
  • PwC and Supply Chain Finance Community launch SCF Barometer to better understand the development of supply chain finance industries.
  • FinTecSystems opens office in Spain. See FinTecSystems at FinovateEurope in London in February.
  • North Dakota State University using Passport for campus parking.
  • Nerd Wallet names Wealthfront and Betterment best overall robo advisors.
  • India-based Axis Bank to use Ripple’s network for cross-border transactions.
  • NopSec named finalist in 13th Annual Info Security PG’s 2017 Global Excellence 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

  • Financeit Launches Direct-to-Consumer Financing Platform, Financeit Direct
  • Meet The ID Co.: miiCard Rebrands as DirectID Spurs Growth
  • Nous Launches New Trading App TIQL for a Safer Way to Trade
  • Check out this week’s FinDEVr APIntelligence

Around the web

  • Uber partners with Betterment to offer drivers flexible retirement accounts that will be fee-free for a year.
  • CU Broadcast features NopSec CTO Michelangelo Sidagni.
  • True Potential teams up with UBS Asset Management to launch five, new multi-asset funds.

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

  • Persado Earns Top 20 Ranking in Inc. 500 Fastest Growing Companies List
  • Qumram Wins Swisscom Startup Challenge (Note: See Qumram demonstrate its technology in New York at FinovateFall 2016 on 8/9 September.)
  • HelloWallet’s New Feature is a Budget Within a Budget
  • Upserve’s New Square Partnership Offers Clients Access to Funding via Square Capital

Around the web

  • New partnership lets small businesses using Xero pay invoices using PayPal.
  • TSYS extends payments agreement with Swisscard.
  • The Muse features Persado on its list of “20 companies that want you to be happy.”
  • CRN lists MapD Technologies as one of 10 of the coolest big-data startups of 2016.

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.

Alumni News– October 20, 2014

  • 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.jpgNous raises $600k to help drive its SparkProfit stock market prediction platform.
  • Lending Club selects the NYSE for its IPO.
  • Currency Cloud releases Connect API 2.0.
  • InComm partners with CardCash to integrate its online gift card exchange at InComm’s retail partners nationwide.
  • Compass Plus completes its TranzAxis integration with Klarna.
  • ID Analytics names Scott Carter Chief Operating Officer.
  • CAN Capital closes its first capital markets asset-backed notes offering.
  • Coinbase now available in 6 additional languages.
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 Debuts: NopSec

Finovate Debuts is a blog series to introduce companies who demonstrated for the first time on the Finovate stage. Today’s feature is NopSec, which demonstrated its Unified VRM system at FinovateFall 2014.
NopSecLogo

NopSec 

NopSec is focused on making the digital world a safer place. For banks, this means getting a handle on cyber security. If you’re a bank with 60,000 hosts under management, with thousands of security vulnerabilities, you have two major issues. First, you need to identify the vulnerabilities, and second, you need to know how to fix them.
With so much much information to sort through to determine and prioritize what needs to be fixed, this can be time consuming. This is where NopSec comes in. Its SaaS-based Unified VRM provides a solution for IT professionals to manage security threats. Using Big Data, it generates a prioritized list of what security issues need to be addressed, and how to address them.

The stats
    • Founded in 2009
    • Headquartered in New York
    • Works with infrastructure both on premises and in the cloud
The experience

The NopSec Unified VRM system helps bank security experts sort through the massive amount of data about security threats, and suggests actions to protect against the threats. Its holistic approach on security can be broken down into four steps:

    1. Identify threats
    2. Explore details
    3. Discover solutions
    4. Create reports 

Step 1: Identify threats

The first step is to identify specific vulnerabilities. The dashboard below provides an overall picture of security risk and vulnerability that is easily digestible for everyone from the technical security professional to the CIO. It is divided into modules that correspond to different threats– external and internal.
NopSecDashboard
Step 2: Explore details
Security analysts can drill down further into vulnerabilities by searching and filtering. The case below shows results filtered by “Top Exploited.”  Other filters, listed on the left-hand side in the graphic below, include criteria for geographic location, available patches, top trends, etc.
Once experts find the individual threats that interest them, they can view a summary description of each case. The graphs along the top provide an overall view of the risk factor, operating system, and location of each threat that matches the search criteria.
NopSecAnalytics_TopExploited
Step 3: Discover solutions
Identifying and understanding the security threats is only part of the equation. The crucial piece is solving the vulnerabilities. To do this, Unified VRM prioritizes the most dangerous and relevant threats by ranking them by importance.
Remediation recommendations are listed next to each vulnerability, along with the number of assets it affects. In the example below, the Microsoft Remote Desktop Protocol Remote Code Execution Vulnerabilities affect 134 assets, so it is ranked as the number one issue to fix. Dividing the bank’s security into manageable pieces helps security professionals know what to focus on.
NopSecInternalNetwork_RiskRankings
In addition to simply advising remediation, the platform has a social aspect that allows for team collaboration. Users just select others they would like to involve in the conversation, and everyone has the ability to comment on the solution.
Step 4: Communicate via reports

To communicate issues and progress with everyone from executives to other technical experts, NopSec provides a reporting tool. It offers four options that tailor the information in the report to the appropriate level for different intended audiences:

    • Executive, for a high level status view
    • Technical, for a more detailed view with technical specifications
    • Full, for a complete view
    • Customized, for an overview mixed with details 
NopSecReport
Benefit to banks
The largest benefit NopSec brings to banks is the ability to proactively secure their systems. By identifying and prioritizing major security threats that affect hundreds of assets, banks’ technical teams can spend more time solving those issues, and less time searching for the issues.
Additionally, the Unified VRM system takes the institution’s security a step above what government regulations require, since they are often times too generic and not applicable to every environment.

NopSec’s Unified VRM Scans for IT Vulnerabilities

This post is part of our live coverage of FinovateFall 2014.
NopSecLogo

NopSec demonstrated how Unified VRM helps FIs scan for and manage IT vulnerabilities:

“Cloud-based vulnerability risk management SaaS.
Unified VRM helps businesses holistically manage IT security vulnerabilities, on premises and in the cloud, in a unified, proactive, and flexible way. Unified VRM aggregates the results of vulnerability scanners, proactively prioritizes vulnerabilities based on business risk, and expedites remediation by streamlining the ticketing process and reports. 
Unified VRM is different from legacy vulnerability scanners in 3 ways: 
1. Focus on remediation – remediation is easier when you know what to fix
2. Automate the process – no more burdensome manual tasks
3. Software that just works – eliminate complexity, improve visibility, and glean insights for better decision making”
Presenting: Steven Leonard, CMO and Michelangelo Sidagni, CTO
NopSecHomepage
Product Launch: November 2011
Product distribution strategy: Direct to Business (B2B), licensed
HQ: New York, NY
Founded: January 2009
Website: nopsec.com
Twitter: @nopsec

FinovateFall 2014 Sneak Peek: Part 1

FinovateFallWithDateLogo

With the busy product development and release schedule that comes with the autumn season, FinovateFall is the perfect place to see what’s new in fintech. 

This year, 71 companies will step up to the Finovate stage at the NYC Hilton Midtown on September 23 and 24. Tickets are going fast; register for yours today.

Here’s an inside look at six of these hand-picked companies:


BizEquityLogo.jpg

BizEquity has invented the first and only patented way to value any business in real-time and in the cloud online.

Features:

    • BizEstimate feature that pre-values over 28 million private businesses 
    • Patented, online real-time business value and tailored advice and alerts to each user
    • Business ValueMonitoring Dashboard 

Why it’s great:

BizEquity’s mission is to democratize business valuation knowledge globally to every small business and financial institution through its patented cloud-based service.

Carter

Presenters:

1) Mike Carter, CEO
Carter is former Managing Director of The Musser Group, former Founder and CEO of Dashboard Systems, and former Chief Marketing Officer for U.S. Interactive.
LinkedIn

2) Semyon Fishman, Vice President of Engineering and Technology
Fishman is former Vice President of Product Engineering at Valex Consulting and former Lead Engineer for the Math Forum.


GremlnLogo.jpg

GREMLN Financial Social Media offers secure social media tools for the financial services industry. It’s a full marketing and analysis suite wrapped in a security layer to maintain compliance.

Features:

    • Pre-approved content libraries
    • LinkedIn client prospecting
    • Mobile social media compliance platform

Why it’s great:

Social media involvement is essential, but it can be dangerous for financial services companies. Gremln makes it possible to participate and succeed in social media…safely.

RyanGremln

Presenters:

1) Ryan Bell, CEO
LinkedIn  


TJGremln

2) TJ Tavares, Senior Sales Executive
LinkedIn


HoyosLogo

Hoyos Labs app will finally put an end to the frustration that comes with usernames, passwords and PINs by replacing them with your unique biometrics.

Features:

  • Acquires users’ biometrics via smartphone to replace all log-in information
  • Works with Apple and Android smartphones and tablets, and with PCs
  • Increased convenience and security for users
Why it’s great:

Hoyos Labs’ app allows users to increase the convenience and security in their life by removing the need to ever remember their log-in information.
Presenter: 
Hoyos
Hector Hoyos, Founder and CEO
Hoyos is a biometrics veteran and entrepreneur who has dedicated his life to the development of innovative technologies that change existing business paradigms and have a profound impact on society.


KnoxPaymentslogo

Knox Payments is a merchant tool for payments to and from bank accounts online for just $0.18/transaction.

Features:

    • Fastest online and mobile checkout process
    • Accept ACH payments without needing your customers to enter bank routing and account numbers
    • Instantly verify bank account and sufficient funds

Why it’s great:

Fastest, cheapest checkout process for you and your customers.

KnoxThomas

Presenter:

Tommy Nicholas, Head of Product
Nicholas earned his BA from the University of Virginia. He founded CitySwig and helped grow Coffitivity to over 2 million users.
LinkedIn


NopSeclogo

NopSec is a cloud-based vulnerability risk management SaaS.

Features:

    • Correlate vulnerabilities with real-time threats and exploits
    • Drill down into the most critical risks across the full software and hardware stack
    • Analyze vulnerabilities using keyword searches

Why it’s great:

Remediate what matters most, faster.

StevenNopsec

Presenters:

1) Steven Leonard, Chief Marketing Officer
Leonard is responsible for all areas of marketing strategy and execution. Prior to NopSec, he spent 17 years at Microsoft Corporation.
LinkedIn

2) Lisa Xu, Chief Executive Officer
Xu is responsible for strategic direction, sales, and operations. Prior to NopSec, she advised Fortune500 enterprises on data security, privacy and technology risk management.
LinkedIn

3) Michelangelo Sidagni, CTO


Rippleshotlogo

Rippleshot detects bank card data breaches. Its cloud-based solution helps banks proactively stop fraud before it occurs and protects merchant brand reputation.

Features:

    • Next generation fraud prevention — stopping fraud before it occurs
    • 24/7 monitoring — detecting breaches faster
    • Early warning alerts — proactively protecting merchants, consumers and credit card issuers
Why it’s great:
It’s not if you are going to be breached, it’s when. Rippleshot’s 24/7 monitoring proactively detects, mitigates and stops fraud before it occurs.
Presenters: 
RippleshotLucas
1) Lucas Ward, Co-Founder and CTO
Ward is a proven technology leader. At Fundspire, he created an innovative product to change the way hedge funds viewed and analyzed their data.
RippleshotRandal
2) Randal Cox, Co-Founder and CSO
Cox has over a decade of experience in the credit card industry, modeling credit card and ATM fraud, ultimately culminating in the co-founding of Rippleshot.


Stay tuned later this week for a look at six more companies set to debut their new technology at FinovateFall this September 23 & 24 in New York.

FinovateFall 2014 Sneak Peek: Part 1

FinovateFallWithDateLogo

With the busy product development and release schedule that comes with the autumn season, FinovateFall is the perfect place to see what’s new in fintech. 

This year, 71 companies will step up to the Finovate stage at the NYC Hilton Midtown on September 23 and 24. Tickets are going fast; register for yours today.

Here’s an inside look at six of these hand-picked companies:


BizEquityLogo.jpg

BizEquity has invented the first and only patented way to value any business in real-time and in the cloud online.

Features:

    • BizEstimate feature that pre-values over 28 million private businesses 
    • Patented, online real-time business value and tailored advice and alerts to each user
    • Business ValueMonitoring Dashboard 

Why it’s great:

BizEquity’s mission is to democratize business valuation knowledge globally to every small business and financial institution through its patented cloud-based service.

Carter

Presenters:

1) Mike Carter, CEO
Carter is former Managing Director of The Musser Group, former Founder and CEO of Dashboard Systems, and former Chief Marketing Officer for U.S. Interactive.
LinkedIn

2) Semyon Fishman, Vice President of Engineering and Technology
Fishman is former Vice President of Product Engineering at Valex Consulting and former Lead Engineer for the Math Forum.


GremlnLogo.jpg

GREMLN Financial Social Media offers secure social media tools for the financial services industry. It’s a full marketing and analysis suite wrapped in a security layer to maintain compliance.

Features:

    • Pre-approved content libraries
    • LinkedIn client prospecting
    • Mobile social media compliance platform

Why it’s great:

Social media involvement is essential, but it can be dangerous for financial services companies. Gremln makes it possible to participate and succeed in social media…safely.

RyanGremln

Presenters:

1) Ryan Bell, CEO
LinkedIn  


TJGremln

2) TJ Tavares, Senior Sales Executive
LinkedIn


HoyosLogo

Hoyos Labs app will finally put an end to the frustration that comes with usernames, passwords and PINs by replacing them with your unique biometrics.

Features:

  • Acquires users’ biometrics via smartphone to replace all log-in information
  • Works with Apple and Android smartphones and tablets, and with PCs
  • Increased convenience and security for users
Why it’s great:

Hoyos Labs’ app allows users to increase the convenience and security in their life by removing the need to ever remember their log-in information.
Presenter: 
Hoyos
Hector Hoyos, Founder and CEO
Hoyos is a biometrics veteran and entrepreneur who has dedicated his life to the development of innovative technologies that change existing business paradigms and have a profound impact on society.


KnoxPaymentslogo

Knox Payments is a merchant tool for payments to and from bank accounts online for just $0.18/transaction.

Features:

    • Fastest online and mobile checkout process
    • Accept ACH payments without needing your customers to enter bank routing and account numbers
    • Instantly verify bank account and sufficient funds

Why it’s great:

Fastest, cheapest checkout process for you and your customers.

KnoxThomas

Presenter:

Tommy Nicholas, Head of Product
Nicholas earned his BA from the University of Virginia. He founded CitySwig and helped grow Coffitivity to over 2 million users.
LinkedIn


NopSeclogo

NopSec is a cloud-based vulnerability risk management SaaS.

Features:

    • Correlate vulnerabilities with real-time threats and exploits
    • Drill down into the most critical risks across the full software and hardware stack
    • Analyze vulnerabilities using keyword searches

Why it’s great:

Remediate what matters most, faster.

StevenNopsec

Presenters:

1) Steven Leonard, Chief Marketing Officer
Leonard is responsible for all areas of marketing strategy and execution. Prior to NopSec, he spent 17 years at Microsoft Corporation.
LinkedIn

2) Lisa Xu, Chief Executive Officer
Xu is responsible for strategic direction, sales, and operations. Prior to NopSec, she advised Fortune500 enterprises on data security, privacy and technology risk management.
LinkedIn

3) Michelangelo Sidagni, CTO


Rippleshotlogo

Rippleshot detects bank card data breaches. Its cloud-based solution helps banks proactively stop fraud before it occurs and protects merchant brand reputation.

Features:

    • Next generation fraud prevention — stopping fraud before it occurs
    • 24/7 monitoring — detecting breaches faster
    • Early warning alerts — proactively protecting merchants, consumers and credit card issuers
Why it’s great:
It’s not if you are going to be breached, it’s when. Rippleshot’s 24/7 monitoring proactively detects, mitigates and stops fraud before it occurs.
Presenters: 
RippleshotLucas
1) Lucas Ward, Co-Founder and CTO
Ward is a proven technology leader. At Fundspire, he created an innovative product to change the way hedge funds viewed and analyzed their data.
RippleshotRandal
2) Randal Cox, Co-Founder and CSO
Cox has over a decade of experience in the credit card industry, modeling credit card and ATM fraud, ultimately culminating in the co-founding of Rippleshot.


Stay tuned later this week for a look at six more companies set to debut their new technology at FinovateFall this September 23 & 24 in New York.