On Deck Capital

Finovate Alumni News

By David Penn Posted on
Categories: Avaloq, Backbase, Finastra, IdentityMind Global, Insuritas, On Deck Capital, PayPal, Persado, Q2, SecuredTouch, Unison

On Finovate.com

  • SecuredTouch Receives $8 Million Strategic Investment from Arvato Financial Solutions.
  • Unison Sees 1,000% YoY Growth in Originations.

Around the web

  • IdentityMind Global partners with Etherparty Smart Contracts to provide KYC and AML compliance support. See IdentityMind Global at FinovateSpring next month.
  • Intesa Sanpaolo Private Banking Suisse to deploy Business Process as a Service (BPaaS) solution from Avaloq.
  • Finastra goes live with its blockchain-based syndicated lending market solution, Fusion LenderComm.
  • Forbes interviews Andrea Gellert, CMO of OnDeck.
  • Ebay And PayPal finalize new payments agreement.
  • Listrak and Persado announce strategic integration.
  • Q2 and StoneCastle partner with MoneyLion to offer deposit accounts and debit cards.
  • EverTrust Bank hires Insuritas to launch digitally powered insurance agency.
  • Backbase powering SSF Bank’s new mobile banking application.

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
Categories: ACI Worldwide, Alkami Technology, Bankjoy, Coinbase, Finastra, Google, Insuritas, Kabbage, nCino, On Deck Capital, Pindrop Security, Tradeshift, Trustly, TSYS, YellowDog

On Finovate.com

  • Nordic Capital Fund Acquires Majority Share of Trustly.

Around the web

  • Coinbase granted e-money license by U.K’s Financial Conduct Authority (FCA); joins Faster Payments Scheme courtesy of partnership with Barclays Bank.
  • ACI Worldwide announces contract extension with DBS.
  • Joint Stock Commercial Bank for Foreign Trade for Vietnam (Vietcombank) picks trade finance platform from Finastra.
  • nCino and Enforce partner to accelerate cloud adoption for financial institutions.
  • Tradeshift partners with Canon Business Process Services.
  • Pindrop partners with Aeriandi to detect fraudulent calls through cloud platforms.
  • GMO’s Z.com Trade adds Trustly as payment option.
  • Kabbage teams with New Media to advertise to more than five million small and medium sized businesses (SMBs) that do business in New Media’s markets.
  • OnDeck appoints Kenneth Brause as CFO.
  • Sandia Area Credit Union hires Insuritas to launch member-owned, digitally-powered insurance agency.
  • Oregon Community CU selects Alkami Technology’s digital banking platform to provide its more than 150,000 members with a modern digital banking offering.
  • Bankjoy selected to compete in Google Demo Day in March.
  • TSYS implements new payment solution, Advanced AuthControl, with Walmart and Sam’s Club locations around the U.S.

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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KPMG, H2 Ventures Unveil Fintech 100 for 2017

KPMG, H2 Ventures Unveil Fintech 100 for 2017
By David Penn Posted on
Categories: AdviceRobo, AutoGravity, Coinbase, Kabbage, Kensho, Klarna, Kreditech, Lending Club, Leveris, Moneytree, Nubank, On Deck Capital, SecureKey, Sensibill, SoFi, Stash, ThetaRay, Token, Trusona, VATBox, Wave, Xero

It’s that time of the year once again: KPMG and H2 Ventures have teamed up to introduce their Leading Global Fintech Innovators roster, the Fintech 100 for 2017. The judges for this year’s Fintech 100 included more than 20 professionals from KPMG and other organizations with expertise in IT, data analytics, capital markets, financial services, and more.

This year 11 Finovate/FinDEVr alums made the Leading 50, with another 12 alums making the Emerging 50. New entrants to the KPMG/H2 Ventures roster include SoFi and Revolut among the Leading 50. All 12 the alums on the Emerging 50 are making their first appearance. See the full list.

Some of the highlights from the 2017 Fintech 100 include the observation that five of the roster’s top 10 companies are from China, as are the top three companies on the list: Ant Financial, ZhongAn, and Qudian (Qufenqi). The U.S. has a pair of companies in the top five: Oscar and Avant, and Europe and the U.K. each have one company in the top ten: Kreditech and Atom Bank, respectively.

Speaking of Asia, the Asia-Pacific region has 30 fintech companies in the top 100. The United States has 19 companies – the most from any single country – and the U.K. and EMEA areas have 41 companies in the list. The U.K. and EMEA region are also responsible for the highest number of companies on KPMG/H2 Ventures’ Emerging 50 list with 26.

With regard to sectors within fintech, the Fintech 100 breaks down as follows:

  • 32 lending companies
  • 21 payments companies
  • 14 transaction and capital markets companies
  • 12 insurance/insurtech companies
  • 7 wealth management/wealthtech companies
  • 6 cybersecurity/regtech companies
  • 4 blockchain/digital currency companies
  • 3 data and analytics companies

Alums from the Leading 50

Alums from the Emerging Stars

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, AutoGravity, Avoka, Baker Hill, Compass Plus, Credit Sesame, Deserve, Envestnet, Fidor Bank, Fiserv, ID.me, iSignthis, nCino, On Deck Capital, Payment Ninja, SelfScore, Symbiont, Temenos, ThreatMetrix, VISA, Yodlee

On Finovate.com

  • AutoGravity Partners with Global Lending Services.
  • SelfScore Rebrands as Deserve, Closes on $12 Million in Funding.
  • Credit Sesame Raises More than $42 Million, Unveils Robo Advisor for Credit.

Around the web

  • Avoka extends strategic partnership with Mitek for digital identity verification solutions.
  • Commercial loan origination, CRM are among the new features in Baker Hill NextGen solution.
  • OnDeck partners with Ingo Money and Visa to provide loans to SMEs via debit card.
  • Westpac NZ to transition to real-time banking platform from ACI Worldwide.
  • Regions Bank to add P2P payment and account-to-account transfer solutions from Fiserv.
  • iSignthis announces new agreement with Omnislots.com operator, Dialinvest.
  • Payment Ninja to launch in the U.S. in November.
  • ThreatMetrix and ID.me partner to deliver ID verification for government and commercial digital services
  • Russian bank Lipetskcombank implements new mobile banking app built on Tranzware Mobile Banking from Compass Plus.
  • Accenture and nCino expand alliance to accelerate digital transformation within top U.S. banks
  • Symbiont joins Wall Street Blockchain Alliance as corporate member.
  • Envestnet | Yodlee to integrate risk insight solutions with Fannie Mae’s Ddsktop underwriter validation 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.

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OnDeck Celebrates 10th Anniversary

OnDeck Celebrates 10th Anniversary
By David Penn Posted on
Categories: On Deck Capital

This month marks OnDeck’s 10th anniversary. But when it comes to milestones and metrics, the New York-based small business lender is all about the sevens. As in: $7 billion in capital provided to more than 70,000 customers in 700 different industries in the U.S., Canada, and Australia.

“OnDeck started lending online to small businesses ten years ago with a customer-first philosophy and a relentless commitment to providing capital online with speed, efficiency, and top-quality service to America’s small business owners,” OnDeck CEO Noah Breslow said in a statement. Breslow, who was also OnDeck’s first employee, called small business lending “the hallmark of our business.”

In the company’s statement, OnDeck cited a New York City-area retailer who had benefitted from OnDeck’s services after being turned down for financing by a local bank because their business was “too young.” The retailer turned to OnDeck and was able to secure funding to expand its product line of speciality small batch wines and spirits. He praised the company’s “customer service, speed of capital and personal focus” adding ” that is one of the things that keeps me coming back.”

OnDeck provides small businesses with the financing they need to help grow their enterprises. The company offers term loans of up to $500,000 with rates as low as 9.99% and lines of credit of up to $100,000 with rates as low as 13.99%. The company leverages data aggregation and its proprietary credit scoring methodology – OnDeck Score – to provide credit decisions within minutes and, once approved, borrowers can sign their contracts and receive their money as fast as 24 hours.

Founded in 2007 and headquartered in New York City, OnDeck demonstrated its technology  at FinovateSpring 2012. Traded on the NASDAQ under the ticker “ONDK” since going public in 2014 and with a market capitalization of $342 million, OnDeck is also an alum of our developer’s conference, FinDEVr New York 2016.

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Finovate Alumni News

By David Penn Posted on
Categories: DefenseStorm, Fiserv, nCino, On Deck Capital, Temenos, Unison

On Finovate.com

  • Unison Leverages Institutional Investors to Help Home Buyers Bridge Affordability Gap.
  • Fiserv Wins Trio of New Credit Union Partners.

Around the web

  • Temenos unveils new online learning platform, Temenos Learning Community.
  • Service Credit Union (SCU) with $3 billion in assets to deploy nCino’s Bank Operating System.
  • DefenseStorm to bolster cybersecurity operations for Genesee Regional Bank ($551 million in assets).

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
Categories: BizEquity, Bpm'online, Braintri, Digital Onboarding, Ellie Mae, Fern Software, Finicity, ID Analytics, Omega Point, On Deck Capital, Sensibill, SumUp, Vipera

On Finovate.com

  • BizEquity Brings Business Valuation Data to Wall Street Journal Pro.
  • Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland.

Around the web

  • SumUp announces expansion to 15 European countries, doubling the number of markets the company serves.
  • UK Hot Views takes a look at the recent financial performance of Vipera.
  • OnDeck celebrates 10th anniversary, having provided more than $7 billion in capital to more than 70,000 customers.
  • Ellie Mae acquires Velocify in $128 million deal.

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
Categories: Fidor Bank, Fiserv, InfoCorp, MapD, Monitise, On Deck Capital, Ping Identity

On Finovate.com

  • Finovate Alums Earn Spots in European Fintech 100.

Around the web

  • MapD to speed research with GPIs as part of collaboration with Harvard University’s Center for Geographic Analysis.
  • OnDeck celebrates 10 years  of  alternative lending
  • Challenger bank Fidor reaches 200,000 customers
  • Open Banking selects Ping Identity to provide the identity and access management to underpin the UK’s open banking framework
  • Banco Interamericano de Finanzas leverages Infocorp’s marketing orchestrator tool, Prisma Campaigns

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
Categories: Alkami Technology, Fenergo, Flywire, Gro Solutions, i-exceed, Larky, Mambu, NICE Systems, On Deck Capital, SocietyOne

On Finovate.com

  • Mountain America CU Chooses Digital Banking Platform from Alkami Technology.

Around the web

  • i-exceed to power CANDI, a fully digital banking branch of Canara Bank. Come see i-exceed demo at FinovateFall next month.
  • PYMNTS.com highlights Flywire’s progress in Asia.
  • SocietyOne Celebrates Five Year Anniversary Of Helping Customers.
  • Visions FCU Implements Gro Solutions’ Digital Sales Platform to streamline new member acquisition. Check out Gro Solutions at FinovateFall next month.
  • First Alliance Credit Union Latest to Implement Larky Engagement Platform.
  • Fenergo earns top spot in the 2017 RegTech Performance Report for second year in a row.
  • Chase and OnDeck agree to continue collaboration on small business lending solutions.
  • NICE unveils its compliance recording solution, NICE Compliance Center.
  • Eugene Danilkis, CEO and co-founder of Mambu, talks digitization, credit scoring, and lending to small businesses.

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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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: BBVA, DriveWealth, FinDEVr APIntelligence, Fiserv, IBM, Kabbage, MasterCard, On Deck Capital, Outsystems, Personal Capital, Stocktwits, Vantiv, VISA

We saw some great stuff at FinDEVr New York last week; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

Alumni updates

  • FinDEVr New York newcomer Fiserv announces enhancements to its real-time, loan servicing solution, LoanServ.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.
  • PYMNTS.com looks at speculation that Kabbage may acquire OnDeck.
  • BBVA among the latest companies to join Hyperledger.
  • MasterCard introduces new fraud detection solution, Decision Intelligence.
  • Credit Donkey lists StockTwits, DriveWealth, and Personal Capital among its Best Investing Apps of 2017.
  • Forrester recognizes FinDEVr newcomer Outsystems as a leader in low-code development platforms.
  • E-commerce services from Vantiv achieve Oracle Validate Integration. Video of Vantiv’s FinDEVr 2017 New York presentation will be available soon.
  • VISA to enable electronic business payments for SME clients of B2B electronic invoicing network, Viewpost.
  • Fiserv reports nearly 30 banks and CUs deployed its digital banking technology in 2016, taking the total number of FIs using its online banking solutions to 3,500.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

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Finovate Alumni News

By David Penn Posted on
Categories: DriveWealth, Fiserv, IBM, Kabbage, On Deck Capital, Personal Capital, SigFig, Stocktwits, TradeKing

On Finovate.com:

  • Twitter Talk from FinDEVr 2017 New York.

Around the web

  • FinDEVr New York newcomer Fiserv announces enhancements to its real-time, loan servicing solution, LoanServ.
  • Credit Donkey lists StockTwits, TradeKing, SigFig, DriveWealth, and Personal Capital among its Best Investing Apps of 2017.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub. Video of IBM’s FinDEVr 2017 New York presentation last week will available soon in our video archives.
  • PYMNTS.com looks at speculation that Kabbage may acquire OnDeck.

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
Categories: ACI Worldwide, Coinbase, Fenergo, On Deck Capital, PayPal

Around the web

  • Fenergo adds 200 new jobs to support global growth, taking worldwide employee count to 500.
  • ACI Worldwide to provide AML compliance for bitcoin payments courtesy of new partnership with Payment21.
  • OnDeck adds former Morgan Stanley exec to its board.
  • TechCrunch: Coinbase has added margin trading to its bitcoin exchange.
  • Market Exclusive: Paypal Is Winning Person-to-Person Payments War

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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