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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Partnerships and collaborations in the payments space lead fintech headlines at the beginning of this holiday-shortened week. Be sure to check Finovate’s Fintech Rundown all week long for the latest updates in fintech and financial services.
Payments
Account-to-account (A2A) payment infrastructure provider Token.ioteams up with payment orchestrator Fabrick.
InComm Payments collaborates with Mastercard to offer Mastercard “Give Hope” gift cards in support of the American Red Cross.
Partnerships in digital banking, identity management, and payments lead off the fintech news headlines as July begins in earnest. Be sure to check back all week long for updates and fresh announcements on the latest industry happenings.
Payments infrastructure solution for software companies Payablisecures $20 million in Series A funding.
Instant payments solutions company Zimplerannounced a new technical partnership with Swedish payments app, Swish.
Lending
ClearScoresecures $4.4 million (£3.4 million) in funding from Fair4All Finance to develop debt consolidation loan technology for the financially vulnerable.
Ireland’s CreditLogicraises $3.8 million (EUR 3.5 million) from Riverside Acceleration Capital (RAC).
Crypto / DeFi / Web3
Crypto payments company Kulipapartners with cryptocurrency wallet provider Argent and Mastercard to launch its new crypto-based payment card.
MoonPay and Meshink an exclusive partnership to ease the process of depositing and transferring crypto from exchanges.
Swiss layer-1 blockchain Shardeumpartners with Web3 security services platform Immunefi to launch bug bounty program.
Fraud and identity management
Fraud prevention specialist GBGunveils its KYB solution, GBG Detected.
Germany’s IDnow unveils a pair of new e-signature solutions, InstantSign and eID eSign.
NatWest partners with digital identity identity solutions provider OneID.
iDenfy and UAE-based SIMPal forge strategic partnership to enhance security in the telecom industry.
Insurtech
AutoRekpartners with JP Morgan Payments to enhance premium processing for insurance companies.
Digital banking
U.K.-based digital bank and BaaS platform Griffinreceives B Corp certification.
First Federal Bank of Kansas turns to Jack Henry for its hosted core processing solution.
The Independent takes a look at Klarna and the power of micropayment.
oneIDfeatured in MacWorld as a two-factor authentication app for the Apple Watch.
Allied Wallet now a supported online payment provider of Spreedly.
emX Select from eMoney Advisor now integrated with Dropbox.
Süddeutsche Zeitung featuresTrustly and Klarna (in German).
Bank Innovation profile on alternative fintech capitals looks at Iceland and highlightsMeniga.
Ripple Labsadds former Depository Trust & Clearing Corporation (DTCC) CEO Donald Donahue as advisor.
A review of local fintech startups in the Boston Globe featuresKensho and Quantopian.
Temenoswins “Best Core Banking System” honors from Banker Africa East Africa Awards 2015.
American Banker considers how Namu covers the emotional side of banking.
Entrepreneur listsPatch of Land as 1 of 100 brilliant companies to watch in 2015.
Pendo Systemswins awards from international financial technology publications, the New Jersey Technology Council, and SWIFT.
Asian Wealth Times: “Singapore’s MoneySmart to Launch PFM tools with Ewise”
Finaeos teams up with TATA Consulting Services to help SMBs take advantage of Regulation A+ of the JOBS Act.
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.
Get Your Kicks: DriveWealthEarns Investment from Route 66 Ventures. See DriveWealth make its Finovate debut at FinovateSpring 2015 next week in San Jose.
Around the web
India’s Karnataka Bank deploys “e-lobby” services from FIS. See FIS in action at FinovateSpring 2015.
Ayasdiearns spot on Computer Reseller News’ Big Data 100 for the third year in a row.
WhatTheyThink interviews Didier Rouillard, VP of service provider business for GMC Software Technologies.
Ventana Research highlightsNomis Solutions in report on price- and revenue-optimization software.
KUBRA to integrateInComm’sCashtie API into its services.
Bokulaunches carrier billing technology on Google Play in Saudi Arabia.
Re/code: FutureAdvisorLaunches Free Service to Manage College Investments
Killer Startups profilesoneID and its “internet without passwords.”
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.
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.
Who knew? More than half of the world’s top 10 most innovative companies in finance are Finovate alums.
Don’t just take our word for it. Fast Company published its roster of innovation in the financial space as part of their quest to find those companies that are “creating radical new approaches to move cash from one place to another.”
And among such widely-known and talked-about entities as Square and Bitcoin, we find more than a handful of innovators who have used the Finovate stage to help show their technology to the world.
Take a look at the companies below, accompanied by Fast Company’s take on just what makes each innovator truly unique.
There’s still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can’t wait for you to see what this year’s spring crop of fintech entrepreneurs and innovators has in store.
Before we do, however, let’s take a moment to take a look back at last year’s FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums
We’ve grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!
Fresh off their Finovate debut, Irish-based real-time ID verification innovator Trustev is the latest winner in the SXSW Accelerator awards in the Enterprise and Big Data category.
“It couldn’t have come at a better time,”Trustev CEO Pat Phelan said in an interview with News At One. “I’m just moving to the U.S. to head up the U.S. launch of the business.”
More than 1,000 companies applied for this year’s SXSW Accelerator. Forty-eight were selected to compete for 18 spots in the competition’s final round.
This year marks the sixth year of the event, held in Austin, Texas as part of the annual SXSW Music Film Interactive. Previous Accelerator participants include Klout (2009) and Siri (2010), as well as Finovate alums Kabbage (2011), OneID, and Toopher (both 2012).
A specialist in online fraud detection, Trustev serves more than 100 customers in five countries, and has raised more than $3.5 million in seed and angel funding. The company recently announced a partnership with Datameer, a big data analytics firm, that will help them further enhance the capabilities of their fraud detection system.
Trustev was named Europe’s Top Technology Startup by the EU Commission, and was recognized as one of the Hottest Global Startups by Forbes magazine. See the company in action in their video from FinovateEurope in February here.
Capital Access Networkachieves new record of $66 million in monthly volume.
CoverHoundnames Keith Moore Chief Marketing Officer.
ProjectionHub and Lendiopartner to help small businesses find the right loan.
Green Bay Press Gazette featuresGoBank on the heels of the company’s public launch this week.
Kashoopublishes interview with company “Jack of All Trades” Amrik Randhawa.
OneIDprovided to students of Sydney, Australia’s MacQuarie University.
Techcrunch takes a look at LendUp’s plan to provide instant online, mobile loans.
SeedInvestraises $1 million in round led by the Jumpstart New Jersey Angel Network.
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.
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.
Waspit to release new UX & mobile Apps in August to coincide with the new academic year.
TIO Networkspartners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.
Virtual Piggypartners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.
Mitekreceives patent for signature verification and fraud detection.
Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.
CU Times highlightsMoven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.
Silicon Prairie News featuresBanno and EyeVerify demos at FinovateSpring.
Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker’s Internet Trends report.
SaveUphelps credit union members save more than $400 million.
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.
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.
The Oakland Tribune’s Inside Bay Area