Ready for a Sneak Peek? How to Best Prepare for FinovateFall

StageIMG

To give you a sense of the many new ideas at the upcoming FinovateFall conference in New York, we’ve launched our Sneak Peek series. Eight companies are featured each week leading up to the 8/9 September event (tickets now available).

In the meantime, here is a quick summary of the 66 announced companies (six more are in stealth mode). It’s a lot to take in; pace yourself!

  • Agreement Express offers an an end-to-end platform that helps traditional financial institutions automate labor-intensive parts of the customer onboarding process to remain compliant while quickly opening customer accounts.
  • Aleo’s marketplace uses e-procurement, e-commerce and supplier financing bundled in a single open platform to offer small and medium enterprises an online procure-to-pay solution.
  • AutoGravity’s mobile-first digital marketplace helps digitally minded customers, looking to buy and finance a vehicle, circumvent the inefficiencies of the auto-financing process by leveraging the full potential of their smartphone.
  • Avoka’s customer-acquisition platform integrates multiple fintech services to help banks, wealth managers and insurers use mobile and digital channels to onboard customers.
  • Backbase offers 60-second onboarding for financial services companies to accelerate customer acquisition with a simple, fast, and seamless omnichannel onboarding journey.
  • Bankjoy offers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks.
  • Bitbond’s automated, international credit-scoring mechanism compares small business-loan applicants from different countries by using machine learning and data from the applicant’s business accounts.
  • Bluescape offers large financial services companies a highly interactive, visually collaborative platform that uses real-time, cloud-based architecture that’s ultra-scalable, all-capturing, and accessible anytime from any device.
  • BondIT offers financial advisers and portfolio managers a data-driven solution that uses machine learning advanced algorithms to manage fixed-income portfolios and solve optimization challenges.
  • brandCrowder has developed an alternative investment platform focusing on branded franchises. It leverages 45+ years of franchise-operations experience to help retail investors finance franchises, helping to bring them to market quicker.
  • Clinc’s mobile, voice-activated personal financial adviser uses artificial intelligence to help consumers get answers to financial questions and tasks.
  • Consdata offers banks and financial institutions a comprehensive platform for e-form management and customer-communication complexities.
  • Currencycloud’s dedicated API services use intelligent APIs to help businesses with the cost, limitations, and boundaries of existing payment infrastructure.
  • Daon bridges convenience and security by offering financial services companies a mobile biometric authentication platform that turns a smartphone into a mobile capture device.
  • Divy’s app and social investing community uses an approachable interface and engaging content to help first-time and emerging investors access direct marketing and financial literacy material.
  • Dynamics offers issuers and their cardholders interactive payment cards and an authorization-based, real-time loyalty processing system.
  • ebankIT’s platform offers financial institution clients an omnichannel experience.
  • Econiq’s Conversation Hub uses color-coded conversations to help bank and insurer frontline staff, and operational management and executives avoid disconnected customer conversations in branches and contact centers.
  • Envestnet | Yodlee offers millennials a solution for measuring financial health and promoting a healthy financial lifestyle.
  • Experian CrossCore is a single platform that helps manage customer identities, fraud-prevention tools, workflows and decision strategies in an easy-to-use and scalable format.
  • EyeVerify’s Eyeprint ID offers banks and other financial services companies eye biometrics via smartphone cameras for convenient, secure and private authentication.
  • Featurespace’s ARIC Engine helps financial services clients spot and prevent fraud attacks in real time using adaptive behavioral analytics.
  • Finicity offers an API for companies to build financial apps.
  • Fiserv helps financial institutions enable social finance by providing customers access to a safe, collaborative bank-secured social funding product.
  • Full Profile uses the blockchain and smart contracts for real-time settlement and reporting of physical agri-commodities to help farmers, buyers, banks and government counter party and credit-risk exposures.
  • FutureVault’s cloud-based filing cabinet helps financial service providers and their clients organize asset documents and accounts using a secure, structured and collaborative B2B2C cloud environment.
  • GainX’s SaaS platform uses decades of market research and leading-edge technology to help large financial institutions overcome innovation and adaption failures.
  • GoodData helps large banks, credit-card processing and insurance companies commercialize and monetize their data using a scalable, manageable and secure platform that is exclusively designed for data products and embedded analytics.
  • iBank Marketing offers millennials a multifunction digital wallet to help them achieve personal goals around life events by using its local eco-system that bridges consumers and small- to medium-sized enterprises.
  • identitii uses tokens and blockchain to help financial institutions with KYC, CTF and AML compliance using an information layer over legacy systems.
  • InSpirAVE’s social e-commerce platform curates advice and financial support from the user’s friends and family, financial institutions, and merchants. It helps multiply savings, for big-ticket purchases for customers who otherwise may not be able to afford them, by placing important goals for life’s special moments within reach, without the crushing burden of debt.
  • KORE’s platform transforms enterprise applications, online banking and mobile apps into personalized, conversational engagements to help financial institutions meet customer-experience expectations using the power of bots and simplicity of messaging.
  • LendingFront’s lending platform leverages a cloud-based system that furnishes small businesses with capital using their cashflow data.
  • Lidya offers African small- to medium-sized enterprises access to finance using online receivables-based lending and proprietary credit scoring.
  • Liferay’s Digital Experience offers banks a richer understanding of customers by orchestrating personalized customer experiences.
  • M1 Finance places assets held in low-yielding cash accounts into an asset-linked bank account and intuitive investment platform.
  • MapD’s Immerse helps quantitative hedge fund and asset managers query datasets with billions of rows in real-time by applying the parallel processing power of GPUs to the challenges of databases, visualization and analytics.
  • MarketX’s cross-border investment platform helps international investors with the lack of liquidity for U.S. startup shares and limited access to U.S. pre-IPO investment opportunities.
  • ModoPayments offers financial companies a digital payments hub to connect disparate sources of value to diverse destinations using Modo’s COIN technology.
  • Moonraft Innovation Labs helps banks innovate and evolve by rapidly adapting to changing market needs using Catamera, its unique customer experience delivery framework.
  • Moven’s growing platform reaches the millennial, mobile first, digital native audience by bringing banking (specifically savings) into the moment.
  • MX helps financial institutions become true advocates for their account holders by using analytics to power a revolutionary category of data-driven money management.
  • nanoPay offers a payments and loyalty solution for merchants.
  • Overbond’s digital platform offers transparency, efficiency, and liquidity in the fixed income market for corporate issuers, investors, and dealers.
  • Personetics offers financial services providers a digital personalization platform that uses real-time, ultra-scalable predictive analytics to keep customers engaged in the digital age.
  • ProActive FinTech uses a phone app and debit card featuring unlimited mini bank accounts and pre-purchase categorization to help millennial moms with cash-flow management.
  • QE Data offers commercial banking systems a real-time predictive model for net cash-flows that uses machine learning, rich visualization, speedy deployment and real-world banking experience.
  • Qumram uses 100% real-time, video-like recording of every mouse movement, keystroke and button click to help financial services organizations with compliance and transparency issues relating to digital business.
  • RightCapital’s financial and tax-planning platform helps advisers deliver unbundled, quality financial planning and tax-planning services. It works to efficiently and digitally help consumers with the lack of viable business and technology solutions.
  • SaleMove offers financial institutions a live engagement platform to help sell and service complex financial services products online. The platform uses instant video chat and guided browsing with no downloads or installations.
  • Sindeo’s self-directed consumer rate quote and prequalification tool simplifies home financing and refinancing using an integrated platform that offers consumer, real estate partner, and adviser tools that conform to CFPB regulation and ensure a simple and easy consumer experience.
  • SpeechPro’s customer onboarding solution offers multichannel access to help CTOs, developers and other technologists focus on KYC, identity and verification.
  • Swych’s mobile gifting platform offers gift-card recipients a better way to buy, gift, and manage gift cards.
  • Tango Card’s RaaS API 2.0 uses simple-yet-complete delivery technology and domain expertise to help enterprises deliver incentives efficiently and effectively.
  • TokBox’s Financial Services Accelerator Pack offers banks and financial organizations secure and easy-to-embed, real-time communications technology.
  • TransUnion’s interactive data-visualization solution uses big data and analytics to connect and interpret consumer financial data for lenders.
  • Trulioo’s GlobalGateway uses traditional and cyber ID data sources to offer banks, financial services providers, and online marketplaces secure access to reliable, global data sources for instant ID-verification.
  • Trusona’s anti-replay and TruToken technology offers an insured identity platform for sensitive assets.
  • Unbill’s API enables companies to offer bill pay in their app or technology platform without complicated integration or high costs.
  • Uniken’s REL-ID, a card-not-present approval solution, uses mobile API tool kits and DMZ software appliances to help enterprises secure mobile communications.
  • Urban FT’s enhanced, white-label digital banking platform gives financial services organizations, wireless carriers, and other consumer-facing organizations a long-term, competitive advantage that makes their brand integral to customers’ daily financial and online social activities, financial tools, and social features.
  • Xentral Station’s supply-chain funding app helps vendors of all sizes receive cash for trade financing within 24 hours.
  • Zenmonics uses a single, common platform to help banks and their customers minimize friction in customer engagement with channelUNITED.
  • Zooz offers an agnostic, cross-border payments platform to help merchants act on payment processes and save money to maintain their client base.

Stay tuned on the blog for more detailed descriptions. And don’t forget to register now to reserve your spot.

FinovateFall Sneak Peek: Personetics

Personetics_homepage_July2016

FF2016-Logo-wdate-largeA look at the companies demoing live to 1,500+ fintech professionals on September 8 & 9, 2016. Register today.

Using AI-powered predictive analytics, Personetics Anywhere enables financial institutions to deliver timely responses, insight, and advice over popular messaging and personal assistance platforms.

Personetics is:

  • AI-powered, self-learning, and packed with financial knowledge
  • Highly secure and easily controlled by your financial institution
  • Able to work across all messaging platforms

Why it’s great
Personetics Anywhere allows financial institutions to quickly deploy a chatbot solution that can respond to customer requests and deliver smart, timely insight and advice in a conversational medium.

Personetics_DavidSosna3Presenter

David Sosna, CEO and Co-founder
Sosna is a 20-year fintech veteran. Personetics is his third startup following BI leader Gilon and Actimize, a leading provider of financial analytics acquired by NICE systems.
LinkedIn

 

Finovate Alumni News

On Finovate.com

  • Kantox Marks $100 Million Processed Since Launching API in Beta
  • France’s Groupe BPCE Acquires Munich-based Fidor Bank

On FinDEVr.com

Around the web

  • Check Point Launches Australia and New Zealand Technical Assistance Centre and Incident Response Services.
  • Kyte Consultants partners with Featurespace.
  • USE Federal Credit Union selects Kasasa.
  • Blackhawk Network Launches eCommerce Website for Gift Cards in Canada.
  • Venmo named a Breakthrough Brand on Interbrand’s 2016 report.
  • Betterment for Business Surpasses 200 Plan Sponsors.
  • Payment Data Systems launches iOS payment processing SDK.

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 Alums Help Represent Fintech Innovation in Israel

Israel_FlagPYMNTS.com published an interesting, metric-based post on the tech scene in Israel. The post emphasized that while the country has a well deserved reputation as a “cybersecurity hotspot,” it is also true that “Israel’s tech ambitions and prowess extend much further.”

The salient statistic for me: 430—the number of fintech startups headquartered in Israel—is highly impressive, considering only 90 fintech startups existed in 2009.

With that in mind, here’s a look at some recent Israel-based Finovate alums who are helping make the country one of the world’s key locations for fintech innovation.

Our 14 Israel-based Finovate alums have raised more than $164 million in funding. Two alums—NICE Systems and Top Image Systems—are publicly traded on the Nasdaq, and two more—Capitali.se and TipRanks—have won Best of Show awards.

TheFloor_Israelfintechhub

There’s no doubt the fintech in Israel is on the move. The country’s first fintech hub, The Floor, was launched in 2015, and as of March 2016 is now located at the Tel Aviv Stock Exchange. Writing about why fintech innovation is thriving in Israel, VentureBeat’s Avi Zeevi of Carmel Ventures highlighted a few key features:

  • Mastery of relevant technologies such as real-time analytics, cybersecurity, and risk management
  • Legacy of success creating a “startup ecosystem (with) massive amounts of knowledge”
  • The country has learned from other key global financial centers
  • Global financial institutions have a presence and have been investing in Israel
  • Israeli FIs “have always been open to innovation”

“All of this had led to a dramatic rise in investments in Israel fintech companies,” Zeevi wrote. “By addressing the needs of both developed and emerging markets, Israeli fintech will only continue to grow.”

Are you an Israel-based Finovate or FinDEVr alum that we overlooked? Send us an email at research@finovate.com and we’ll update our roster.

 

 

Finovate Debuts: Personetics Helps Banks Provide Personalized Guidance to Customers

Personetics_homepage_May2016

Can banks effectively provide their customers with relevant, personalized information about how they can best spend their money? For Personetics, an Israel-based company making its Finovate debut earlier this year, the three pillars of personalization are real-time access to transaction data, predictive analytics, and best practices, i.e., knowing what works and what doesn’t. Combine these three elements and the result is what Eran Livneh, Personetics’ VP of marketing called “making personalized guidance work for large financial institutions.”

Personetics offers a white-label solution that integrates with a bank’s mobile app or online website. As soon as a customer logs in—no registration, no signup required—the solution provides contextual tips and predictive advice, as well as flags transactions based on real-time transaction analysis, aggregation, location, and other contextual factors. Company co-founder and CEO David Sosna emphasizes that what Personetics provides “are not offers, not sales, but insights,” before explaining why insights are more valuable than traditional rewards.

“Our data shows that when banks are creating experience and content that people like to get, instead of promoting products and services at the engagement level you are going to get, … is going to dramatically improve,” Sosna said.

Personetics_stage_FEU2016

Pictured (left to right): CEO David Sosna, co-founder, and Sudharsan “Sid” Krishnan, solution architect, demonstrated Personetics’ Engage at FinovateEurope 2016 in London.

How does Personetics make a bank customer’s financial life better? Sosna used the examples of Personetics flagging a charge after a free-trial subscription lapsed, or sending “a contextual tip” on how to best use a bankcard upon arrival at an airport. Personetics also helps consumers make savings decisions based on anticipated cash flow shortfalls and provides an inbox of recent or unanswered notifications. Users are prompted to rate the tips to provide feedback on their usefulness.

“We have implemented it with some of the largest banks in the world,” Sosna said from the Finovate stage in London. “If you do good things for the customer, if you are going to partner with them using content, then they are going to come.”

Company facts:

  • Founded in 2011
  • Headquartered in Tel Aviv, Israel
  • Total funding of $17 million
  • 15 million users
  • David Sosna is CEO and co-founder

Personetics_DavidSosna2We spoke briefly with Eran Livneh, Personetics VP of Marketing, during rehearsals at FinovateEurope in February. We followed up with a few questions for CEO Sosna via e-mail.

Finovate: What problem does your solution solve?

David Sosna: We help banks meet customer expectations for a personalized digital experience. Banks have a great amount of data about their customers, and we help them transform this data into insights that can be extremely useful to the customer.

By utilizing their data assets to better serve their customers, banks can remain relevant in the digital age and compete more effectively with emerging financial services providers that are threatening their space.

Finovate: Who are your primary customers?

Sosna: We currently work with some of the largest banks and card issuers in North America and Europe, as well as some smaller institutions that have advanced digital strategies. There are millions of consumers who [daily] use our solutions, but since it’s a white-label solution that is embedded in the bank’s web or mobile application, they never know it’s Personetics that is doing the magic behind the scenes.

Personetics_Balance_artFinovate: How does your solution solve the problem better?

Sosna: Three critical elements [are necessary] to make personalized guidance work for large financial institutions.

The first is the ability to access transaction data and do it it in real-time. If the data is not up-to-date, the information conveyed to the customer could be inaccurate or even misleading. It could undermine the credibility of the solution and the bank. We have invested a great amount of effort in developing APIs that can access the bank’s data in real-time and do it directly from the core system, so the bank doesn’t have to create new data stores. Needless to say, it also has to be secure: Our solution sits behind the bank’s firewall and is fully compliant with the strictest security and privacy requirements.

Second is predictive analytics that can turn data into insights for the customer. It’s not enough to simply present information to the customer. Guidance is about proactively identifying potential issues and opportunities, providing meaningful advice that the customer can act on – much like a well-trained and highly qualified banker or financial adviser would do. For example, our analytics enables us to determine what’s the best way for an individual customer to start saving, how much should be allocated for savings, and when is the best timing to present this insight to the customer.

Last but not least is the issue of best practices. For most banks, this is new territory. We have been doing it for a few years now, and have developed a significant body of knowledge of what works better and what doesn’t. Our solutions come with a library of more than 150 pre-built user scenarios that a bank can start using right out of the box. They would typically start with 30 or 40, and then build on them over time.

So data access, analytics, and domain-specific best practices—it’s the combination of these three that makes Personetics uniquely positioned to deliver a solution that is cutting-edge for the consumer, yet practical for the bank.

Personetics_LowBalance_artFinovate: Tell us about your favorite implementation of your solution?

Sosna: That’s a tough question … like asking who is your favorite child …

Our solution is very strategic to the banks, since it really impacts how the bank interacts with customers on a daily basis. Each implementation has some unique aspects based on the customer-facing strategy specific to that bank.

I can point to several things I like in a number of these implementations. For example, one of the largest banks we are working with is rolling out the solution across different countries. It’s nice to see how the solution is generating similar positive reaction from customers across cultures and languages. When you see customer satisfaction rates in the 80% to 95% range as we are seeing in these implementations, it’s hard not to feel good about it.

At the other end of the spectrum, we are working with a new challenger bank that is using our solution to turn the entire paradigm of customer communication on its head. Banks in general are still very product-centric, so when you log in to the bank application, you see a list of accounts. This bank is moving away from the product-centric approach, so the communication is contextually driven from the customer’s perspective and based on what the customer is doing, or trying to do, at the moment. It’s a different concept and one that turns the overused term of “customer-centric” into a reality.

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

Sosna: The team that started Personetics is predominately the same team that worked together at Actimize, which was a leading solution for fraud detection and compliance in the financial sector and is now part of NICE Systems. We started Personetics with the idea that if we know how to analyze bank transaction data, which we have done for fraud detection, we can use this knowledge to better serve the bank customer. Obviously we still had to learn a lot and we are still learning, but this prior familiarity with the domain and the technologies required to tackle this problem—fast and secure data access, in-memory analytics, AI, and machine learning—definitely helped us get started and quickly move forward.

Personetics_SendMoney_ArtFinovate: What are some upcoming initiatives from your company that we can look forward to during the next few months?

Sosna: We have two types of solutions that nicely complement each other along the spectrum of customer interactions with their financial institution. The first is Assist, which is a personalized self-help solution for customers actively seeking advice from the bank. The second is Engage, which proactively provides bank customers with personalized, predictive, and contextualized insight and guidance.

We just announced Personetics Anywhere, which is our chatbot solution that brings both Assist and Engage into messaging platforms such as Facebook Messenger. The whole chatbot scene is exploding right now, and we have a very unique offer that allows banks to quickly deploy a chatbot solution that is personal, smart, and very useful to the customer.

While I cannot get into specifics before we officially announce them, there are some interesting additional developments in the works that will be coming out in the next few months.

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

Sosna: I think the whole area of digital money management is going to evolve significantly over the next few years. As consumers feel more comfortable with digital tools, they will expect higher levels of personalized insight and advice from their banks. I believe Chatbots will play a major role and become a must for pretty much every financial institution.

We are already seeing a huge uptick in demand for our solutions, both in North America and in Europe, and I fully expect the kind of solutions we provide to become pretty much an industry standard in a few years. At the same time, as the boundaries of financial services blur, we will probably find ourselves working with a more diverse set of financial services providers that will be entering the market in various capacities.


Check out the demonstration video from Personetics from FinovateEurope 2016.

Finovate Alumni News

On Finovate.com

  • “Trulioo’s GlobalGateway Available in BRIC Countries”
  • “Kabbage Reaches $2 Billion in Loans in 5 Years”
  • “Coinbase to Support Ether; Rebrands Exchange Service as GDAX”
  • “MaxMyInterest Launches Client Invitation Feature”
  • “Finovate Debuts: Personetics Helps Banks Provide Personalized Guidance to Customers”

Around the web

  • OnDeck adds to credit offerings available to Canadian small businesses.
  • Thomson Reuters and Hong Kong Exchange and Clearing Ltd. to create new indices for the Chinese currency, the renminbi.
  • ACI Worldwide earns technical accreditation to provide access to real-time, faster payments in the U.K.
  • Markit unveils compliance solution to help meet new FRTB, market risk capital requirements.
  • Fiserv to integrate ADAPA from Zementis to enhance its Financial Crime Risk Management Platform.
  • TSYS launches Virtual Payment Precept to streamline B2B virtual payments and enhance the ePayables process flow.
  • Dwolla adds more banks to its instant account-verification flow.

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

  • Welcome to FinovateSpring 2016: Day 2″

Around the web

  • Personetics launches its Personetics Anywhere chatbot, enabling FIs to provide personalized service to customers via popular messaging apps.
  • Q2 Holdings unveils its cloud-based, open API platform for developers, CorePro.
  • Jack Henry & Associates announces availability of Banno Mobile for Windows 10 and launch of Banno People, a user profile management solution.
  • Corezoid’s platform-as-a-service technology now available in the U.S. and Western Europe.
  • Jumio agrees to acquisition by Centana Growth Partners.

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 Alums Dominate The FinTech50’s Inaugural Hall of Fame

Fintech50_homepage_April2016

FinTechCity unveiled its new FinTech50 Hall of Fame this week at the Money 20/20 event in Copenhagen, Denmark. Finovate alums took six out of the ten spots.

The “founding ten members” of TheFinTech50 Hall of Fame are companies that “have featured on our radar since the days when they could reasonably be called startups,” say FinTech50 founders Julie Lake and Nicky Cotter, writing in The FinTech50 2016 Yearbook. “In recognition of their pioneering spirit and competitive staying power, we felt they deserved their own special place within a list of remarkable game-changers,” the founders wrote.

FinTechCity also presented The FinTech50 2016, its roster of the fifty hottest FinTech businesses in Europe. Of the 50 companies selected by the panel of more than 30 industry experts who poured over more than 1,200 candidates, a full baker’s dozen were Finovate—or FinDEVr—alums.

Read the full list.

Lake and Cotter called this year’s competition “the most hotly contested FinTech50 in its four-year history.” The founders also highlighted differences from the 2015 list, with this year’s roster featuring more companies innovating in “security, compliance, and risk.”

Also noteworthy was the number of European fintech companies from the United Kingdom (more than 30 out of the 50). The founders credited this to the U.K.’s broader access to funding, as well as the region’s local talent, and “favorable regulatory environment.” Lake and Cotter also praised other emerging European fintech communities in Amsterdam, Berlin, and Stockholm.

In addition to The FinTech50 2016 and its new Hall of Fame, FinTechCity also announced its FinTech20 India and FinTech20 Hong Kong. Finovate alums were represented here with Demystdata (FinovateAsia 2012) earning a spot in the Hong Kong 20, and Bank Bazaar (FinovateAsia 2012) getting recognition in the India 20. Lastly, The FinTech50 shared “The Hot Ten,” a roster of companies on their watch list for 2016. Here, Finovate alum, Ormsby Street (FinovateFall 2015), was recognized on that list.

FinovateEurope Sneak Peek: Personetics

Personetics_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

Personetics helps banks be relevant to their customers in the digital age by delivering a personalized digital banking experience that elevates customer engagement across digital channels.

Personetics can:

  • Deliver personalized and relevant insights based on real-time data
  • Anticipate customer needs to provide actionable information and advice
  • Reveal patterns and exceptions that go beyond trivia

Why it’s great
To remain relevant in the digital age, banks must use the power of data and analytics to guide customers throughout their financial journey.

Presenters

Personetics_DavidSosnaDavid Sosna, CEO, Co-founder
Sosna is an entrepreneur with experience in financial services, business intelligence, customer analytics, financial crime and compliance.
LinkedIn

 

Sudharshan Krishnan, Solution Architect
LinkedIn

Finovate Alumni News

On Finovate.com

  • Mitek Partners with Harland Clarke to Improve RDC Security”
  • Pindrop Raises $75 Million for Phone-printing Authentication”

Around the web

  • Gate City Bank ($1.9 billion in assets) chooses DNA core account processing platform from Fiserv.
  • Powered by FIS, the Venture Center is now accepting applications for its VC Fintech accelerator.
  • Venmo adds in-app merchant payments.
  • Algomi wins Risk Magazine’s “Trading Technology Product of the Year for the Buy-Side” for a second year in a row.
  • Experian enhances Small Business Credit Share program.
  • Credit Karma surpasses milestone: serves 50 million users who use Credit Karma to manage $3 trillion in debt.
  • Check Point releases new hardware to address cyber security and protection.

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.