Finovate Alumni News

On Finovate.com

  • “Tagit Locks in More than $8 Million in New Funding”

On FinDEVr.com

  • “Symbiont to Help Delaware Embrace the Blockchain”

Around the web

  • “OutsideIQ Launches Real-Time Risk Monitoring Tool”
  • Check Point launches free Security Checkups for Australian and New Zealand enterprises.
  • Business Insider covers the birth of BlackRock’s FutureAdvisor.
  • NuData Security more than doubles behavioral transaction volume in the past year, following rapid adoption of its NuDetect solution.
  • Ayondo doubles Revenues in 2015 to £7.3 million.
  • Jack Henry extends Banno platform to Windows 10.
  • Avalara discusses plans to use blockchain technology to track asset ownership.
  • Matchi to host the Liberty Fintech Challenge 2016.
  • CIO.com quotes Bazaarvoice CMO Sara Spivey on marketing to millennials with user-generated content.

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.

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • “Envestnet | Yodlee Unveils its Risk Insight API”
  • “Google’s Guide: New Book Explains How Google Manages its Cloud Infrastructure”

The latest from FinDEVr New York 2015 presenters

  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Chase launches OnDeck-powered SMB loan platform.
  • Praesidio ranks top 10 most-promising cloud-banking-solution providers of 2015.
  • API report covers Streamdata.io.
  • CryptoCoinNews takes a look at the recent funding for blockchain-development platform, Stratumn.

Alumni updates

  • “CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market”
  • PayNearMe facilitates users to pay for their taxes in cash.
  • “BehavioSec, Nationwide, Unisys Team Up on Biometrics”
  • Crowdfund Insider interviews Snehal Fulzele, Cloud Lending CEO.

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

Finovate Alumni News

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • “Avalara, Signifyd Bring Sales Tax, Fraud Solutions to Magento E-Commerce Marketplace”
  • “Ixaris Receives $6 Million in Funding After Spinning Off from Parent Company”

Around the web

  • BankNxt’s BIGcast interviews CEO Steve Hoffman of SayPay Technologies.
  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Algomi partners with IPC Systems to support buy-side users of its Honeycomb network.
  • Bank Innovation takes a look at CBANC and its effort to make social media work for banks.
  • “AuthenticID Wins All Payments Expo Shark Tank with CatfishAIR Identity Verification Solution”
  • Chase launches OnDeck-powered SMB Loan platform.
  • “CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market”
  • MIT adopts Ripple validator to advance consensus and blockchain research.
  • “LPL Selects BlackRock’s FutureAdvisor as Robo Platform”
  • CIOReview names Praesidio in list of top 20 Most Promising Banking Technology Solution Providers for 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.

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

Developer news

On FinDEVr.com

  • “Blockchain Dev Platform Stratumn Lands $670,000 in Seed Investment”
  • “Bluefin Payment Systems Raises $6 Million in Growth Equity Financing”

The latest from FinDEVr New York 2015 presenters

  • “OutsideIQ Chosen To Participate In Brazilian Innovation Summit”
  • Investment News looks at how Betterment has added data aggregation, and considers Vanguard’s partnership with Envestnet|Yodlee.
  • PayPal’s Braintree Auth launches to bring its payments platform to more merchants, service providers.
  • Avoka and eSignLive partner to enable 100% digital customer acquisition.
  • Markit unveils new Common Reporting Standard (CRS) solution for tax-residency identification and due diligence.

Alumni updates

  • “FinovateSpring Sneak Peek: Kofax from Lexmark”
  • New strategic partnership connects Klarna’s checkout solution with Modo’s digital payments hub.
  • “Santander and Kabbage Partner to Bring Same-Day Funding to U.K. SMEs”
  • “Barlow Names Xero TaxTouch Most Innovative At 2016 Banking Technology Awards”

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

Finovate Alumni News

On Finovate.com

  • “Persado Pulls in $30 Million in Funding Led by Goldman Sachs”
  • “Ally Financial Acquires TradeKing for $275 Million”

Around the web

  • Mistral Mobile unveils its new, two-factor authentication solution, m-Aegis Secure OTP.
  • Azimo announces expansion within Denmark and Sweden.
  • TransferTo adds GGV Capital venture partner, Lee Kheng Nam, to its board of directors.
  • Alpha Payments Cloud teams up with WeCollect to launch China Payments Cloud.
  • Broadway Bank selects Micronotes’s cloud-based marketing automation platform to boost digital customer engagement.
  • RBC partners with BlackRock’s FutureAdvisor for robo-adviser pilot program.
  • “OutsideIQ Chosen To Participate In Brazilian Innovation Summit”

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.

FinovateSpring Sneak Peek: OutsideIQ

OutsideIQHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals May 10 & 11. Register today.

OutsideIQ’s DDIQ is a risk-based cognitive computing product that combines automation with the skills of a human researcher to uncover and analyze regulatory risks of a subject not found using current techniques.

Features:

• Searches deep web and premium sources for risk information
• Removes false positives and groups duplicates
• Reports present streamlined intelligence and risk classification

Why it’s great
DDIQ enables you to mitigate risk and meet the increasing demands of regulators to automatically and constantly screen all available public data about your subject while preparing auditable reports.

Presenter: Dan Adamson, CEO
Dan is CEO and founder of OutsideIQ. Prior to OutsideIQ, he was a technical lead at Microsoft for Bing Health and the chief architect at Medstory.
LinkedIn

Finovate Alumni News

On Finovate.com

Check out today’s FinovateSpring 2016 Sneak Peek posts:

Around the web

  • Wipro names PayPal executive Patrick Dupuis at its latest board member.
  • Tradeshift announces partnership with Chinese taxation services provider, Baiwang.
  • Bank of Ceylon upgrades core accounting processing platform and front-end teller system with technology from Fiserv.
  • Lending Club joins Millennium Alternative Investment Network.
  • Rage Frameworks deploys traceable “deep learning” tech, Rage AI.

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: OutsideIQ Heralds a Revolution in Due Diligence with DDIQ for Onboarding

OutsideIQ_homepage_Mar2016

You say you wanna revolution in due diligence, but would love to see the plan?

OutsideIQ has leveraged its strengths in cognitive computing and natural language processing to deliver an automated due diligence solution, DDIQ. The technology uses web and deep web interrogation to produce individual and corporate due diligence reports quickly, potentially revealing information not readily available through more traditional techniques.

Since the technology was launched last March, Dan Adamson, CEO and founder of OutsideIQ, said from the Finovate stage that more than 30 financial institutions have adopted the technology—”including several leading global banks.” For their Finovate debut, OutsideIQ presented DDIQ for Onboarding. This implementation is designed make the onboarding process faster and less expensive compared to traditional methods. Moreover, in addition to enabling onboarding teams to “go deeper” in their investigations, DDIQ for Onboarding ensures that the process is “completely auditable to satisfy worldwide regulatory demands.”

Company Facts:

  • Founded in January 2010
  • Headquartered in Toronto, Ontario, Canada
  • Dan Adamson is CEO

OutsideIQ_stage_FEU2016

Pictured (left to right): OutsideIQ CEO Dan Adamson and COO Joe Oswald demonstrating DDIQ at FinovateEurope 2016 in London.

Explaining the technological “magic” behind DDIQ, Adamson described “thousands of intelligent crawlers” now analyzing the risk.

They are going through publicly available, open web content such as social media sites, blogs. They are going through deep web content, such as regulatory sites. They are going through premium content, such as watch list providers and PEP (politically-exposed-person) list providers. Combining all that together.

“The more they learn about the risk, the better (able) they are to make a true assessment of that risk,” Adamson said. “The whole key here is efficiency for the researcher.”

———–

DanAdamson_OutsideIQWe spoke with OutsideIQ CEO Dan Adamson briefly during rehearsal day at FinovateEurope. After the conference we followed up with a few questions by email about his company and how DDIQ can help financial institutions and others improve their ability to conduct due diligence.

Finovate: What problem does OutsideIQ solve?

Dan Adamson: DDIQ creates automated due diligence reports with premium, open web and deep web sources using cognitive computing and search algorithms that emulate an investigator. These reports are otherwise expensive and time consuming to produce manually. These report can be used for client onboarding, vendor onboarding, investigations, remediations, account refreshes, and other activities that require research.

 

DDIQ_CompanyProfile_1

Finovate: Who are your primary customers?

Adamson: DDIQ’s primary customers are financial institutions, Fortune 1000 corporate clients, leading consultancies, and insurance companies. These institutions use DDIQ for everything ranging from lighter KYC requirements, clearing alerts, sanctions screenings to deeper enhanced due diligence and investigations.

Finovate: How does DDIQ solve the problem better?

Adamson: Most technologies in this space are simply aggregators of content, while our system thoroughly scans and assesses sources for more accurate due diligence risk reporting. It learns about its subject, much like an investigator does, so it can assess if a piece of content is relevant and not just a keyword match.

DDIQ_PersonProfile_2

Finovate: What in your background gave you the confidence to tackle this challenge?

Adamson: OutsideIQ’s staff of data scientists, big data professionals, and software engineers have developed DDIQ. This system has been trained by some of the world’s leading authorities on regulatory compliance and financial crimes at Exiger, a leading GRC services firm. (Note: Adamson is a former Microsoft search-technology strategist.)

Finovate: Where do you see OutsideIQ a year or two from now?

Adamson: Cutting-edge, automated technology is the only way to keep up with increasingly stringent regulatory requirements in an auditable, cost-efficient manner. We believe DDIQ will become the gold standard for clients’ automated due diligence research.


Check out OutsideIQ’s demo video from FinovateEurope 2016.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: OutsideIQ Heralds a Revolution in Due Diligence with DDIQ for Onboarding”
  • “Stephen Ritter Joins Mitek as Chief Technology Officer”
  • “Kreditech Lands $11 Million to Close Series C Round of $103 Million”
  • “Finovate Debuts: Valuto’s Open API Offers Multi-Currency Accounts”

On FinDEVr.com

  • “Destination FinDEVr: A Geography of Architects, Builders, and Engineers”

Around the web

  • CU Anytime to deploy channel management software solution from NCR and INETCO.
  • Let’s Talk Payments features Temenos, Strands, NYMBUS, and Infosys Finacle in a look at banking software companies. See NYMBUS at FinDEVr New York next week.
  • Entrust Datacard and Trend Micro team up to provide businesses with better data encryption and authentication technology.
  • American Banker features StreetShares.
  • Xerox and Tradeshift partner to deliver digital procurement and accounts payable services.

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.

 

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

The latest from upcoming FinDEVr New York 2015 presenters

  • PayStand to power new online payments service from ONE UP.
  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace.

Alumni updates

  • PYMNTS reports: Worldpay transactions up 14% post-IPO.
  • Mitek launches mobile deposit in the United Kingdom with other countries to follow.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Xero extends partnership with MidPoint to make cross-border procurement easier.
  • Personal Capital exceeds $2 billion AUM.

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