Finovate Alumni News

On Finovate.com

  • TSYS Unveils New Authentication Solution
  • Dorsum Builds Wealth Management Platform for BNP Paribas in Poland.

Around the web

  • Plaid discloses role of Visa and Mastercard as strategic investors in its $250 million Series C round from December.
  • iSignthis secures patent from European Patent Office for PSD2, SCA, and KYC.
  • SoFi inks 20-year arrangement for exclusive naming rights for the new Sofi Stadium where National Football League teams the Los Angeles Chargers and the Los Angeles Rams play.
  • Payoneer amps up cybersecurity efforts to significantly reduce phishing attempts.
  • Larky launches its nudge code library to bundle geo-location and engagement technology directly into mobile banking apps.
  • Spreedly launches Spreedly 3DS2 to help execute 3DS2-compliant transactions across multi-gateway environments.
  • BNP Paribas Bank Polska to implement Dorsum’s wealth management platform.

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

Around the web

  • New partnership between Starling Bank and SumUp to provide faster settlement to U.K. merchants.
  • ACI Worldwide unveils its strong customer authentication (SCA) toolbox.
  • Payoneer announces deal with Indian payments processing firm Paytabs.
  • Launchfire’s Lemonade named to 2019 Top Training Companies roster for gamification companies.
  • GoodFirms features bpm’ online among its list of top business process management (BPM) software providers.
  • Insuritas to power digital insurance agency for Marquette Bank.
  • Herald Extra highlights Lendio’s role as a “matchmaker” for small business lending.
  • Flybits to open a New York office in the city’s financial technology hub.
  • W.UP now a member of Five DegreesOpen Banking Marketplace.
  • Personetics opens R&D center in Nazareth.
  • Nvstr earns a spot in the Financial Venture Studio’s incoming cohort.
  • CREALOGIX introduces 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.

Finovate Alumni News

On Finovate.com

  • Kantox Closes $5.7 Million to Bring More Tech to FX.
  • Payfone Raises $24 Million in Round Led by TransUnion.

Around the web

  • Kony helps Amway drive digital innovation for business owners across 100 countries and territories.
  • Revolut adds 5 new currencies to the app including: MXN, SAR, RUB, HRK, and BGN.
  • Entersekt expands operations, opening second office in Cape Town.

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

  • ZagTrader and BeQuant Team Up to Help Institutions Go Crypto.
  • Best of Show Winner Finn AI Partners with IDaaS Firm AuthO.

Around the web

  • Accenture and nCino partner to better serve FIs in the Asia-Pacific and EMEA regions.
  • Insuritas teams up with Iowa’s Peoples Bank ($332 million in assets) to launch bank-owned digital insurance agency.
  • NCR selects former FIS executive Douglas Brown as its new General Manager for Digital Banking in its Banking Business unit.
  • Payoneer launches expansion of its Capital Advance working capital offering for online merchants.
  • Fenergo introduces James Follette as new Global Head of Commercial and Retail Banking.

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

  • Interactions Partners with Next Caller for Phone-Based Threat Assessment.
  • BioCatch Brings Behavioral Biometrics to ACI Worldwide.

Around the web

  • Token to support PSD2 compliance and open banking capabilities for U.K.’s thinkmoney.
  • SafeAmericaCU’s switch to AI-powered technology from Bankjoy helps the $433 million asset FI to earn “Best Practices” honors from CU Journal.
  • TransferWise secures £65 million syndicated debt facility with NatWest, JP Morgan, and LHV Bank.
  • iSignthis plans for Australian neobanking license in 2019.
  • PayNearMe’s electronic payment volume grew by more than 25% month-over-month in the past year.
  • Klarna joins Shopify Plus Partner program to power merchants.
  • TrueAccord wins a Healthy Mothers Workplace Award.
  • Passport recognized as one of Charlotte’s fastest growing companies.
  • Launchfire wins gold Brandon Hall Group Excellence in Technology Award.
  • Bill.com selects Comdata as Virtual Credit Card Provider for B2B Payments.
  • TopTracker partners with Payoneer to allows free payments between companies and freelancers.

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

  • Bento for Business Raises $9 Million in New Funding.
  • Sensory’s Biometric Technology Now Powers Security for 24 Banking Apps.
  • DefenseStorm Selected by NAFCU as Preferred Cloud-Based Cybersecurity Partner

Around the web

  • Coventry Building Society to deploy Temenos T24 core banking platform for savings and mortgage servicing.
  • Finastra partners with Indonesian data center to bring IFRS 9 compliance capabilities to regional and medium-sized FIs in the country.
  • Akamai Technologies named a leader in Web Application Firewalls in The Forrester Wave’s Q2 2018 evaluation.
  • Payoneer partners with the Republic of Estonia’s e-Residency program to make cross-border payments easier for e-residents in India.
  • Twilio introduces a new developer-first, API-first partner program, Twilio Build.
  • Ping Identity forges strategic partnership with enterprise identity governance company, SailPoint Technologies.
  • Coinbase CEO follows Ripple’s lead on philanthropy.
  • Quadient teams with Quertum for software distribution in the Nordics and 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.

Finovate Alumni News

On Finovate.com

  • JPMorgan Chase Signs Deal with Cardlytics.
  • Revolut Introduces New Payment Sharing Feature, Near Me.

Around the web

  • FinTech Breakthrough names Cloud Lending Solutions Best Business Lending Platform.
  • Payoneer announces new investment and support for cross-border U.S. SMEs.
  • eToro to launch cryptocurrency offering in the U.S., initially enabling investors to buy and sell 10 cryptocurrencies.
  • Uniken earns Cool Vendor in Identity and Access Management recognition from Gartner.

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.

3dcart Picks Payoneer for New Cross-Border Payments Partnership

SEO-friendly e-commerce platform 3dcart will leverage technology from Payoneer to “transform” its cross-border paymenst process to merchants around the world. Through the new partnership, 3dcart will rely on the Payoneer platform’s cross-border functionality, prompt payment processing, and flexible payouts to send payments to more than 200 countries in more than 150 currencies.

“Our mission is to empower businesses to grow globally by enabling them to easily and digitally send payments to their payees all over the world,” Scott Galit, Payoneer CEO, explained, “without having to worry about the complexities and regulations of executing cross-border payments. We look forward to working with 3dcart to open up new global opportunities for their business,” Galit said.

Florida-based 3dcart provides order management software, built-in blogging, email marketing tools, more than 100 mobile-ready themes and 24×7 technical support to help retailers and internet marketers drive online traffic and sales to their stores. In choosing Payoneer, the company said it wanted a solution that would make it easier for their merchants to accept payments globally and called Payoneer “an ideal choice.”

“We’re excited to include Payoneer as an integrated payment method in the 3dcart platform, especially because we have sellers all over the world,” 3dcart COO Jimmy Rodriguez said. “Our clients need a reliable, flexible means of accepting international payments, and Payoneer aligns perfectly with that.”

Founded in 2005 and headquartered in New York City, Payoneer began the year with news that it would power local payments for social navigation specialist Waze’s Carpool service. The company, with more than four million users of its solutions, picked up an investment from China Broadband Capital back in December. Last fall, Payoneer was named to the Inc. 5,000 roster of fastest growing private companies in the U.S. In addition to the businesses that use Payoneer’s cross-border payments platform, companies like Airbnb, Amazon, Getty Images, and Google also take advantage of Payoneer’s mass payout services.

Payoneer demonstrated its Commercial Account at FinovateAsia 2013. The account enables businesses and individuals around the world to receive funds from a global network of corporate companies. Account holders can access funds via low cost withdrawals to bank accounts, prepaid debit with instant spending and ATM access, as well as through a transfer to local eWallets in certain locations.

 

Finovate Alumni News

On Finovate.com

  • Bambu Goes Global, Launches London Office, Adds Technical Talent.
  • 3dcart Picks Payoneer for New Cross-Border Payments Partnership.

Around the web

  • Thomson Reuters enhances the investment portfolio risk management functionality of its Eikon solution by integrating MSCI’s RiskMetrics technology.
  • Avaloq announces status as founding partner of FinTech Scotland.
  • IdentityMind Global collaborates with digital shopping platform, Fluz Fluz, to boost KYC and AML compliance.
  • CNH Industrial Capital America (CNH) chooses FIS’ asset finance solution to manage its commercial contract and lease portfolio.
  • SuperMoney surpasses $500 million in loan requests processed since launch in April 2017.

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.

Payoneer Partners with Waze to Power Local Payments

Ride-sharing services are one of many new industries that has benefitted from fintech innovation. Now Waze Carpool, a service from social navigation innovator Waze which makes it easier for users who share routes to commute together, announced that it will use technology from cross-border payments specialist, Payoneer, to power local payments.

“Creating a fully mobile and integrated payment solution that would meet their high expectations was a challenge we were excited to take on,” Payoneer CEO Scott Galit said. “Waze’s goal of helping connect local communities through a global network perfectly complements Payoneer’s mission to connect the digital economy. We look forward to helping Waze expand their carpool services to communities all over the world.”

Waze Carpool, currently available in Texas, California, and Israel, is a service offered by the social navigation innovator that differs from the “transport-for-hire” approach of services like Uber and Lyft. Instead, Waze Carpool enables its 90+ million users around the world to connect with each other to find drivers and riders with similar routes and destinations. Riders use the app to pay drivers a rate of up to the federal mileage rate to cover the costs of gas and wear on the vehicle. And Payoneer makes sure that drivers have a simple and flexible way to get paid via their mobile devices.

With the first foray into managing payments, Waze wanted to ensure that transactions would not only be seamless from a user’s perspective, but also would be as secure as possible. “When selecting a payment provider, we need to ensure that they are tightly regulated and that their data protection protocols meet Google’s strictest standards,” Head of Waze Carpool Josh Fried said. Note that Waze was acquired by Google in 2013. “At the same time, it’s crucial that the payment process is convenient, highly localized, and 100% mobile,” Fried added. Waze said in a statement that it plans on expanding the service to other areas “soon.”

Founded in 2005 and headquartered in New York, Payoneer demonstrated its Payoneer Commercial Account offering at FinovateAsia 2013. The company made headlines last month when it picked up an investment from China Broadband Capital that boosted its total funding to more than $270 million. Payoneer partnered with UPS Capital to power the firm’s cross-border, B2B payment service back in August and, also last summer, the company was named to the Inc. 5000 and ranked in CB Insights’ Fintech 250. Also featured on CNBC’s Disruptor 50 for 2017, Payoneer opened a new office in London last summer, saying it saw an “opportunity” in the Brexit decision.