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Finovate Alumni News

By David Penn Posted on
Categories: cbanc Network, Check, CustomerXPs, Feedzai, Insuritas, Micronotes, MX, Patch of Land, Payoneer, PayPal, Roostify, TransferWise

On Finovate.com

  • “CBANC Launches New Features to Further Engage Network of Professionals”

On FinDEVr.com

Around the web

  • MX inks multi-year data-aggregation deal with USAA.
  • Feedzai opens new offices in the U.K.; hires new head of international operations.
  • Payoneer buys Armor Payments.
  • Micronotes leverages AI and machine learning with new suite of cross-sell solutions for banks.
  • TransferWise teams up with Pay Gate to bring its money-transfer service to South Korea.
  • Insuritas to deploy turnkey insurance agency at Sun Community FCU ($358 million in assets).
  • Genworth Mortgage Insurance to use technology from Roostify to streamline home-buying process.
  • Former Check CEO Guy Goldstein’s Next Insurance announces $13 million seed-round led by Zeev Ventures, TLV Partners, and Ribbit Capital.
  • Patch of Land rolls out mid-term loans of two to five years.
  • In the U.K., PayPal Here SDK reveals first eight business partners.
  • CustomerXPs featured on Nasscom’s Indian Analytics Products Landscape.

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.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: BBVA, Bluefin Payment Systems, Entersekt, Envestnet, Modo Payments, PayPal, Simple, Xero, Yodlee

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register by Friday to save on early bird price and lock in your spot.

Developer news

  • American Banker: BBVA rehires a co-founder of Simple to build open APIs.

The latest from FinDEVr San Francisco 2015 presenters

  • Ingo Money partners with PayPal, adds instant check-splitting.
  • PayPal unveils carrier partnerships and NFC payment capability.
  • Modo Payments closes $2 million in funding.
  • PayPal unveils redesign of its Android and iOS mobile apps.
  • Envestnet | Yodlee teams up with South African API marketplace, Limitless.

Alumni updates

  • Bluefin Payment Systems and Worldnet partner for PCI-Validated P2PE on the Worldnet Payment Platform.
  • Xero teams up with Google; bringing gmail and Google Apps for Work to its platform.
  • FirstBank to deploy multi-factor authentication technology, Transakt, from Entersekt.

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

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Finovate Alumni News

By David Penn Posted on
Categories: Blackhawk Network, Bluefin Payment Systems, Cachet Financial Solutions, Check, Coinbase, Dream Payments, Fiserv, Guardian Analytics, Insuritas, iSignthis, Klarna, Motif Investing, PayPal, Pindrop Security, Qapital, Roostify, SecondMarket

On Finovate.com

  • Dream Payments Unveils Mobile Merchant Platform for Banks and Acquirers.
  • Blackhawk Network Names Talbott Roche New CEO.
  • Coinbase and Motif Investing Earn Spots on Fast Company’s Most Innovative Companies of 2016 List.

Around the web

  • Fiserv named to Fortune magazine’s list of the World’s Most Admired Companies in 2016.
  • Pindrop launches its comprehensive call center fraud-prevention platform, IVR Anti-Fraud.
  • Sussex County FCU picks Insuritas to deploy new insurance agency solution.
  • iSignthis‘ paydentity KYC service is suitable for use by businesses in the regulated sector of the Isle of Man, a global financial hub.
  • Inc. profiles Sweden’s Klarna and its plans for U.S. expansion.
  • Co-founded by former Check CMO Daniel Kjellen, MovoCash announces $700,000 seed investment.
  • Ingo Money partners with PayPal, adds instant check-splitting.
  • Roostify to integrate with zipLogix to facilitate communication between lenders and realtors.
  • American Banker features SecondMarket.
  • Bluefin Payment Systems and Worldnet partner for PCI-validated P2PE on Worldnet’s payment platform.
  • Cachet appoints new Chief Financial Officer Bryan Meier.

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.

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PayPal Unveils Carrier Partnerships & NFC Payment Capability

PayPal Unveils Carrier Partnerships & NFC Payment Capability
By Julie Muhn (@julieschicktanz) Posted on
Categories: PayPal

PayPalHomeopage2.16

Last week, PayPal upgraded its mobile app with a cleaner user interface, quick PIN login and other enhanced features. Today, the San Jose-based company announced further updates, powered by partnerships that will offer it access to Vodafone’s 454 million users and America Movil’s 286 million subscribers.

The payment company’s partnership with Vodafone enables European-based Vodafone wallet users to make NFC payments at brick-and-mortar POS locations. The combined solution is powered by partnerships with Raphaels Bank and Carta Worldwide.

This marks the first NFC payment availability for PayPal users, who can connect their PayPal account to their Vodafone wallet and pay using Visa or MasterCard credit and debit cards, as well as prepaid cards. To promote the new offering, Vodafone is rewarding users up to 1GB of bonus data each time they use PayPal to recharge their Prepaid Combo plan online.

VentureBeat cites Anuj Nayar, PayPal’s global head of product communications, who highlights the mutual benefit of the partnership, stating, “From PayPal’s point of view, Vodafone gets access to our integrated platform — in app, online, in-store, and can offer our services to their customers. PayPal will gain access to millions of users.”

Vodafone wallet, launched in 2013, is available in Germany, Spain, the U.K., Italy and the Netherlands. The PayPal integration is now available to users in Spain and will launch in the four remaining countries later this year.

Additionally, PayPal announced similar partnerships with Mexico-based Telcel and Brazil-based Claro (both America Movil subsidiaries). Starting this spring, the telcoms’ users will have the option to use their PayPal accounts to manage and make everyday purchases on their mobile devices.

NewMoneyThese partnerships are a part of PayPal’s new brand campaign titled New Money, in which the company aims to showcase how it is, “enabling a faster, simpler and more inclusive way for people to manage and move money, whether online, in-app, in store or in new contexts.”

At the end of 2015, PayPal counted 179 million active users. Dan Schulman is CEO.

Next month FinDEVr New York 2016 will feature a presentation from PayPal’s Braintree (along with 50+ other fintech companies) that will showcase new trends and tools for developers. Check it out and register today.

Braintree last presented at FinDEVr San Francisco 2015 and at FinovateSpring 2013 in San Jose.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: CopSonic, Corezoid, Currency Cloud, Dashlane, DriveWealth, Entersekt, Fiserv, GMC Software Technology, Kasasa, LockByMobile, PayPal, Xero

On Finovate.com

  • “Best of Show Winner DriveWealth Inks New Partnership with Stoxs”
  • “CopSonic and Natixis Team Up to Launch UltraSound Payment Solution, SwipeSonic”
  • “PayPal Unveils Carrier Partnerships, NFC Payment Capability”

Around the web

  • LockByMobile is working with Visa APIs to enhance consumer transaction controls.
  • Kasasa launches new auto loan direct marketing program, Kasasa Fuel.
  • GMC Software teams up with SundaySky to improve customer experiences via video.
  • Fiserv announces that 25 credit unions have committed to CUnify, its account processing platform.
  • Corezoid is among the first Ukranian startups to participate at Startup Grind (in Ukranian).
  • Xero teams up with Google, bringing gmail and Google Apps for Work to its platform.
  • Dashlane web engineer Thomas Guillory explains why his company is building its next web app using React.js.
  • FirstBank to deploy Transakt, a multi-factor authentication technology from Entersekt.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: BioCatch, BRIDGEi2i, Envestnet, eToro, InforcePRO, Linkable Networks, Modo Payments, PayActiv, PayPal, PaySwag, Yodlee, Zopa

On Finovate.com

  • Zopa launches three new loan products: Classic, Access, and Plus, expanding ability to lend to higher risk borrowers.
  • Envestnet | Yodlee teams up with South African API marketplace, Limitless.
  • “PayActiv raises $9 million in Series A”
  • “Modo Payments closes $2 Million in Funding”

Around the web

  • BioCatch announces real time detection of Remote Access and RAT-in-the-Mobile (RitM) malware.
  • PayPal unveils redesign of its Android and iOS mobile apps.
  • eToro partners with Sberbank to bring its social trading network to Russian investors.
  • News America Marketing and Linkable Networks announce partnership deal.
  • Nasscom Product Community blog features Bridgei2i.
  • InforcePRO adopts DTCC’s IR&S Solution to link with Carrier Partners.

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.

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Venmo Processes $1 Billion in January

Venmo Processes $1 Billion in January
By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, PayPal, Venmo

VenmoHomepage

If there was ever a question if Venmo has achieved mainstream status, today’s news has the answer: The startup – owned by online payments processing company Braintree, which PayPal purchased for $800 million in 2013 – just exceeded $1 billion in payments processed in the month of January, the highest volume in a single month.

This is more than 2.5x the volume Venmo processed in January 2015 and more than 10x the amount processed in 2014.

Venmo’s short blog-post announcing the news doesn’t comment much on the achievement, other than to say, “We thought this was a pretty big milestone, so we wanted to share it with you.”

GametimeVenmoThe startup’s peer-to-peer payments service is popular among millennials. It enables users to link their debit card to the platform to transfer money for free; paying with a credit card carries a 2.9% fee. PayPal CEO Dan Schulman reports the average user sends money through the app several times weekly.

This week’s announcement comes on the heels of Venmo’s report that it plans to start monetizing its service by opening Braintree’s iOS v4 SDK and Android v2 SDK to U.S. merchants. Payments will be free for end users, and merchants will be charged 2.9% plus $0.30 for each transaction. Food delivery service Munchery and event ticket seller Gametime (pictured right) are piloting the program with a limited number of beta users.

Braintree debuted Venmo Touch at FinovateSpring 2013. More recently, at FinDEVr San Francisco 2015, PayPal’s Justin Woo discussed how developers can increase checkout conversion.

You can catch Braintree’s latest presentation to developers at FinDEVr New York 2016 next month. Register now to save your seat or send your developer.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Avoka, FinDEVr, FinDEVr APIntelligence, InComm, PayPal

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 FinDEVr San Francisco 2015 presenters

  • eWeek quotes Arxan CMO Patrick Kehoe on the problem of app security on health and finance apps.
  • PayPal taps into Bitcoin by adding Wences Casares to its board.

Alumni Updates

  • InComm to launch digital open-loop prepaid products for distribution as part of incentive and loyalty programs.
  • Avoka featured in roundup of Australia fintech startups.

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

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Finovate Alumni News

By David Penn Posted on
Categories: App Annie, Authy, Avoka, CREALOGIX, DriveWealth, Fiserv, Insuritas, Lendstar, PayPal, Persado, Qumram, Taulia, Temenos, Wealthfront

On Finovate.com

  • “PayPal Taps into Bitcoin by Adding Wences Casares to Board”
  • “Taulia Raises $46 Million in Series E; Names New CFO”
  • Check out “Finovate Debuts: Authy’s Password Alternative”

Around the web

  • DriveWealth teams up with StockRadar to provide investors in China with access to U.S. stocks.
  • DNB Luxembourg goes live with Temenos core banking system.
  • Three credit unions in British Columbia—Bulkley Valley Credit Union, North Peace Savings and Credit Union, and Spruce Credit Union— choose DNA account processing technology from Fiserv.
  • Wealthfront launches new, free portfolio review service.
  • Insuritas to power insurance agency solution for Greater New Orleans Federal Credit Union.

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.

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PayPal Taps into Bitcoin by Adding Wences Casares to Board

PayPal Taps into Bitcoin by Adding Wences Casares to Board
By Julie Muhn (@julieschicktanz) Posted on
Categories: Bling Nation, PayPal

PayPalHomepage1.13

CasaresPayPal today announced it has selected Wences Casares, founder and CEO of bitcoin wallet Xapo, to its board of directors.

Casares will serve on PayPal’s Compensation Committee and is the ninth member of PayPal’s board.

Before founding Xapo, which released a bitcoin debit card last fall, Casares was head of Lemon mobile wallet (sold to LifeLock in 2013). He also founded Finovate alum Bling Nation, a mobile payment and merchant-rewards solution for the pre-smartphone era (if you’d like to see some retro fintech, check out Bling Nation’s FinovateFall 2010 demo). Though the startup gained traction with PayPal and a number of banks, Bling Nation closed its doors in 2011 after failing to land merchant partnerships.

PayPal debuted its Instant Account Creation at FinovateEurope 2012. PayPal’s Braintree presented at FinDEVr San Francisco 2015 and will show off what’s new for developers at FinDEVr New York 2016 in March.

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr APIntelligence, Gem, PayPal, Quisk

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on 29/30 March 2016. Super Early Bird tickets are on sale through this Friday, 15 January, so register today and save.

The latest news from FinDEVr San Francisco 2015 presenters

  • Network International plans UAE deployment of cashless, cardless payment technology developed by Quisk.
  • Gem raises $7 million in Series A.

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

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Finovate Alumni News

By David Penn Posted on
Categories: CUneXus, FIS, Fiserv, Intelligent Environments, Nostrum Group, PayPal, Shoeboxed, Signifyd, Topicus, Tradeshift, Trading Ticket

On Finovate.com

  • “CUneXus Raises $1 Million, Signs Partnership with Edmunds.com”

Around the web

  • Tradeshift brings its procure-to-pay solution to Zurich Insurance Group.
  • Suffolk Country National Bank to deploy Fiserv technology to improve customer experience.
  • FIS joins the CardLinx Alliance.
  • Signifyd adds Bill McKiernan, founder of CyberSource, to its board.
  • Shoeboxed earns a spot on NerdWallet’s list of must-have apps for entrepreneurs.
  • Trade IT named runner-up in Wealth Management category of the Fin Track Awards for its Trading Ticket solution.
  • Nostrum Group CEO Richard Carter featured on the cover of the Yorkshire Business Insider.
  • Topicus Finance mentioned in Banken.nl column on the rise of crowdfunding in the Netherlands.
  • Simon Cadbury of Intelligent Environments writes about digital-only banks for TechWeek Europe.
  • “European Breakout List for 2016” features several Finovate alums.

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.

 

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