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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
GlancePowers Visual Customer Engagement for Axos Bank.
Around the web
Klarnaadded 60,000 new merchants in 2019,a group which now totals 190,000+.
Australia-based Heritage Bank signs 5-year services agreement with Diebold Nixdorf.
FIS integratesIBM’s Safer Payments solution with its P2P services to help prevent fraud.
Onfidopartners with online currency exchange company b-sharpe to provide a better sign up experience using Onfido’s AI-powered identity verification.
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.
Email delivery and analytics specialist SparkPostappoints Sam Holding as Head of International.
RightCapitalforges strategic partnership with Advyzon.
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.
TransferWiseannounces that TransferWise for Banks is now live in the U.S, enabling FIs in the states to integrate with the international money transfer specialist.
Onfidoforges strategic partnership with blockchain-based, e-voting provider Agora.
Digital mortgage solution provider BeSmarteeintegrates with cloud communications platform Twilio.
Jack Henry & Associatesearns spot in the top 15 of the IDC Financial Insights’ 2019 DC FinTech Rankings.
In partnership with Radius Bank, MaxMyInterestlaunchesMax Checking, a new FDIC-insured offering with high-interest yields and no minimums or fees.
Salt Edgeunveils its partner program to help companies get access to open banking channels.
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.
Scalable Capitalteams up with Raisin to offer its customers the ability to invest in fixed-term deposits at partner Baader Bank.
Standard and Premium customers of Revolut in 26 markets now have access to stock trading via the platform.
Financial Times highlights Meniga as a fintech to watch. Come see Meniga’s live demo at FinovateFall next week in New York!
NYMBUSappoints Dr. Joerg Richter as its new Chief Operating Officer, Platforms. NYMBUS will showcase its newest technology at FinovateFall next week in New York!
Tradeshift to help Spendency app users leverage their transaction data.
iProovreleases HTML v.2 Beta on GitHub to help users secure user identity in HTML5.
Onfidoearns the top spot in FinTechCity’s 2019 Fintech 50 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.
Klarnadeepens ties with H&M to enable customers to shop now and pay later using the H&M app.
NICE’s AML and fraud SaaS solutions to power financial crime strategy for both anti-money laundering compliance and enterprise fraud protections.
Terafinato power Listerhill Credit Union’s omnichannel sales strategy and continue its digital transformation to increase member satisfaction and deepen relationships.
OurCrowdexpands U.S. operations, opens office in Chicago.
ID R&D’sIDLive Face to power remote customer account openings and digital ID verification for Innov8tif’s EMAS eKYC.
ndgit and Synpulse launch international fintech marketplace in Switzerland.
Onfidoreports strong revenue growth momentum for Q2 2019; earns recognition from The Sunday Times as one of the fastest growing private companies in the U.K.
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.
Tax Compliance Innovator AvalaraPartners with Billing Automation Platform Ordway
Finovate Global: Indian Fintech Get Funding; Finastra, Avaloq Bring New Leadership to APAC
Around the web
Plaidbecomes a Nacha Preferred Partner for account validation.
Finastrataps Wissam Khoury as its new head of its Asia Pacific (APAC) team.
Revolutteams up with the WWF and The Rainforest Alliance to raise support for the Amazon rainforest.
Frost & Sullivan namesOnfido the winner of its 2019 European Technology Innovation award for its AI-based hybrid identity verification solution.
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.
Onfido to provide identity verification for blockchain identity and payment solution provider Civic.
Ping Identity successfully completes financial grade API (FAPI) conformance testing.
EdgeVerve SystemsunveilsAssistEdge RPA 18.0 to help organizations reach broader automation coverage of their processes.
iSignthisinks Australian Principal Member licensing agreement with Visa.
Business Insider highlightsFlywire CEO’s unique way of attracting investment.
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 new international partner program launched this week by Onfido will help expand the reach of the company’s identity verification solutions and explore new use cases. ForgeRock, IDEMIA, and iovation are among the cybersecurity and identity access management (IAM) specialists that have agreed to include Onfido’s AI-powered identity verification services in their own offerings.
“Empowering the channel is an important strategic move that will enable us to accelerate our expansion into the U.S.A., Southeast Asia, and Europe, while exploring new product innovation in areas such as account takeover and authentication,” Director of Alliances and Partnerships at Onfido Ed Ackerman said. “With some of the biggest enterprise names already signed up to our program, we’re now selecting additional applications from companies to join and share in exciting new revenue-generating opportunities.”
Onfido demonstrated its Facial Check with Video technology, available via the company’s SDK, at FinovateFall 2018. The solution leverages liveness detection by having users film themselves performing a variety of random movements and then comparing the image in the video to the facial image of the user extracted from their identity document.
Onfido’s technology can be integrated into existing cloud-based systems or co-sold by partners as a combined solution stack. The company boasts a number of fellow Finovate alums as current program members as well, including Mambu, Qwil Messenger, Signicat, InvestGlass, FiveDegrees, and Thought Machine.
Along with the program launch news, Onfido also reported that Visa was now offering Onfido’s end-to-end identity verification service on its marketplace. And that’s not the first of this type of partnership: Salesforce has offered Onfido’s technology on its AppExchange since in December 2017.
Recently selected to participate in the new data protection ICO Sandbox, Onfido has spent the summer partnering with firms like cross-border money transfer specialist MoneyNetint and international payments company Currencies Direct to enhance the verification component of their onboarding processes. Other partnerships for Onfido this year include a collaboration with Checkr to support the background check specialist’s Checkr Connect IDV solution, and an agreement with mobility-as-a-service company Drover to help the firm offer a more secure, seamless onboarding experience for customers.
Onfido raised $50 million in funding this spring in a round led by SBI Investment and Salesforce Ventures, which took the company’s total financing to more than $100 million. Founded in 2012, Onfido is headquartered in London, U.K. Co-founder Husayn Kassai is CEO.
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.
Nvstrearns a spot in the Financial Venture Studio’s incoming cohort.
CREALOGIXintroduces new Chief Financial Officer Daniel Bader.
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.
ID R&Dships new version of IDVoice that combines AI and voice technology to increase biometric matching speed and improve enrollment and authentication.
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.