FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2

Building new financial technology? Mark your calendars for our spring developer event in New York, 29/30 March 29, FinDEVr 2016 and check out the first round of FinDEVr New York presenting companies.

Developer news

  • Financial Services blog describes why 2015 is time to expand open-source to finance.
  • “Let’s Talk Payments: 63 Insanely Useful APIs Across 12 Segments to Supercharge Your Product”
  • TechCrunch: “The Golden Age Of Open Source Has Arrived”

The latest from FinDEVr San Francisco 2015 presenters:

  • SavingAdvice.com highlights how Personal Capital can help you gain control of your finances.
  • Quisk selected as a 2015 Red Herring 100 Global Winner.
  • TechCrunch looks at OnDeck and the future of alt lending.
  • Financial Planning speculates about Personal Capital’s future.

Alumni updates

  • “Trulioo Raises $15 Million with Help from American Express Ventures”

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

Finovate Alumni News

On Finovate.com

  • “Tink to Test PFM App with 10,000 ABN AMRO Customers”
  • “Bizfi Closes on $65 Million in Debt Financing”
  • “Nous Closes In On £350,000 Fundraising Goal” [Update: Nous Exceeds Original Goal, Raises $750,000].

Around the web

  • “TIS Closes 550,000 Euro Deal with Leading German Health Insurance Provider”
  • Trustly partners with payment solution iDEAL in the Netherlands.
  • TechCrunch looks at OnDeck and the future of alt-lending.
  • USA Today features how Simple is a different type of bank.
  • TechCrunch considers how TransferWise is a better way to send remittances.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2

Building a new financial technology? Mark your calendars for our spring developer event in New York City, 29/30 March 29, FinDEVr 2016 and check out the first round of FinDEVr New York presenting companies.

The latest from FinDEVr San Francisco 2015 presenters

  • Modest Money asks: “Are Personal Capital’s Financial Advisers for the Small-time Investor?”
  • Let’s Talk Payments features BehavioSec in a roundup of top Nordic fintech startups.
  • JPMorgan announces partnership with OnDeck Capital.

Alumni updates

  • Xero adds two-step authentication to its accounting platform.

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

Finovate Alumni News

On Finovate.com

  • Mobino Inks Partnership with Paymint”

Around the web

  • JPMorgan announces partnership with OnDeck Capital.
  • Nigeria-based consumer-finance firm, RenMoney, to deploy cloud banking solution from Mambu.
  • Green Dot plans to launch new loan marketplace in 2016.
  • Freedom CU ($673m) chooses core processing technology from Jack Henry & Associates’ Symitar.
  • Smarter Analyst features Tradier, QuantConnect, TipRanks, and Quantopian.

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 this week’s edition of FinDEVr APIntelligence, featuring news from Fidor Bank, the Open Bank Project and more.
  • “Finovate Alums Raise More Than $1 Billion in Q3 2015″

Around the web

  • TickSmith wins FIA Innovator Award for its TickVault Platform.
  • Inc. talks with Stuart Frankel, CEO and co-founder of Narrative Science.
  • Colorado Biz lists OnDeck as one of the “Best Companies to Work for in 2015.”
  • Zacks features six Finovate alums in its roundup of “7 FinTech Startups You Need to Know About.”

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “StockTwits Offers Brokerage Functionality Powered by Robinhood”
  • “Finovate Debuts: bleu Unveils its Beacon-powered, Point-of-Sale Solution”

Around the web

  • TechCrunch names Stockpile gift card on list of Awesome Gifts For Your Favorite 20-Something.
  • Prosper recognized as 24th fastest-growing company on Deloitte’s Fast 500. San Francisco Business Times places Prosper as number 3 of the Fastest Growing Companies of 2015.
  • Kashoo launches period-locking feature to lock data within prescribed timeframes.
  • Built in Colorado names Google, OnDeck, Ping Identity, Personal Capital, Xero, and PaySimple on list of top 100 tech companies in Colorado.
  • TickSmith’s TickVault platform earns the fast-growing firm an Innovators Award from FIA.
  • CenturyLink and Cogent enter into interconnection agreement.
  • RAGE Frameworks partners with Genpact, leveraging AI to automate financial processes.
  • Los Alamos National Bank chooses FIS as its new core banking provider.
  • National Bonds to deploy AML Risk Manager from Fiserv.
  • Geezeo launches its Life Infused Financial Experiences custom apps.
  • Let’s Talk Payments looks at edo Interactive and its partnership with Visa Europe.
  • Azimo extends its money-transfer service to Nigeria.
  • Fidelity Clearing and Custody teams up with EverSafe to help prevent elder financial abuse.
  • TransferTo joins forces with Continental Money to bring remittance services to Africa.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

OnDeck Adds New Small Business Lending Options

OnDeck_homepage_Oct2015

Online SME lender OnDeck has announced a significant expansion of its product line for small businesses.

The expanded product suite includes broader loan terms—increasing the maximum loan amount from $250,000 to $500,000—and granting borrowers up to 36 months to repay (from 24 months). Lines of credit will be available up to $100,000 (from $20,000) for a monthly fee of $20 and no “draw fees.” Repeat customers will be eligible for annual rates as low as 5.99%, as well as loyalty pricing benefits.

Calling the new product line a “natural expansion,” OnDeck CEO Noah Breslow said the new options would give customers more ways to finance their growth. The combination of OnDeck’s “fifth-generation OnDeck Score,” its economies of scale, and its customer service, he said, meant the company was now able provide “credit solutions for virtually any small business financing need.”

OnDeck_stage_FinDEVr2014

From left: Ondeck’s Miranda Lanzillotti, marketing communications manager, and Pamela Rice, senior vice president of technology, discussed lending APIs at FinDEVr 2014.

One of the pioneers in alternative lending, OnDeck has used data aggregation and digital payment technology to provide small and medium businesses with capital since 2007. Since inception, the company has delivered more than $3 billion in funds to companies working in more than 700 industries. OnDeck provides its third-party partners with APIs that deliver fully integrated lending functionality that includes loan applications, preapprovals, and prequalifications.

Just this week, OnDeck announced it was expanding its partnership with the Association for Enterprise Opportunity. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.

Fortune magazine listed OnDeck as one of the 100 Best Places to Work for Millennials. The company was highlighted among the top 25 alternative lending startups by Let’s Talk Payments, and ranked in the top 20 of Selling Power’s list of 2015 Best Companies to Sell For.

OnDeck presented at FinDEVr 2014 in San Francisco and returned this year to FinDEVr 2015. In 2012, OnDeck demonstrated OnDeck Connect at FinovateSpring 2012 in San Francisco. The company was founded in 2007 and is headquartered in New York City. OnDeck went public in December 2014, raising $200 million and earning a valuation of $1.3 billion.

Finovate Alumni News

On Finovate.com

  • Finovate debuts: “LiquidLandscape’s Visualization Solves Scattered Data”
  • “FinDEVr Launches in New York, March 2016″
  • “OnDeck adds new small business lending options”

Around the web

  • The Financial Brand: Beyond the Arc’s Steven Ramirez considers three fintech trends from Finovate alums.
  • Nasdaq acquires SecondMarket to help startups sell shares.
  • Motif Investing partners with J.P. Morgan to offer investors fractional IPO shares.
  • ING and Kabbage partner to bring platform lending to Europe’s small businesses.
  • PayItSimple USA changes its name to Splitit.
  • Encap Security announces formation of new advisory board.
  • Algomi wins “Most Innovative Trading Product/Service” category at the Financial News Awards in Trading & Technology for the second consecutive year.
  • OakNorth Bank chooses Mambu as its banking technology partner.
  • Feedzai introduces data science studio for fraud prevention.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York, 29/30 March 2016. Stay tuned for details.

Developer news

  • Dev Bootcamp and Metis partner with Skills Fund to broaden access to web developer and data-science programs.
  • TechCrunch’s This Week On Bullish: Maturity In The Payments Space.

The latest from FinDEVr San Francisco 2015 presenters

  • Let’s Talk Payments interviews CMO Konstantin Rabin, of Kontomatik.
  • BAI Retail Delivery conference attendees select MX as Innovation Showcase Award winner.
  • Thomson Reuters and Samsung to collaborate on mobile security, intelligent IT for the enterprise.
  • Avalara announces sales-tax-accuracy guarantee.
  • “Worldpay Goes Public; Shares Rally on Trading Debut”
  • Silicon Review lists SnoopWall as 1 of 20 fastest-growing security companies.
  • Arxan now secures applications running on 500+ million devices.
  • OnDeck again expands its partnership with the Association for Enterprise Opportunity to support access to capital for entrepreneurs and small businesses.
  • Banking Technology features multiple FinDEVr alums on Readers Choice Awards.

Alumni updates

  • Cloud Lending Solutions announces underwriting and origination upgrades.
  • CardFlight and Cayan team up to provide EMV-ready mPOS solutions.
  • The Hindu features Cloud Lending Solutions’ co-founder Snehal Fulzele.
  • Global AutoTrading integrates with Tradier to extend brokerage services.

It’s easy to stay current on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: LendKey Enhances Lending-as-a-Service for Local Banks & Credit Unions.
  • Xpenditure Raises $5.7 Million in Series A.

Around the web

  • OnDeck again expands its partnership with the Association for Enterprise Opportunity to support access to capital for entrepreneurs and small businesses.
  • Norway’s SpareBank 1 acquires mCash for an undisclosed amount.
  • FIS launches Banking on Demand, targeting Indian banks and FIs.
  • First Hawaiian Bank to deploy digital banking, payments, and PFM solutions from Fiserv.
  • CardFlight and Cayan team up to provide EMV-ready mPOS solutions.
  • Deere Employees Credit Union hires Insuritas to open and manage its turnkey insurance agency.
  • Banking Technology features multiple Finovate and FinDEVr alums Readers Choice Awards.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.