Finovate Alumni News

On Finovate.com

  • Top Five Trends in Customer Engagement Technology.
  • Coder, Broker, Music Producer: Hellenic Bank’s Natasha Kyprianides is Inspired by Constraints.
  • HackerOne Powering Bug Bounty Program for Tor Browser.
  • Truphone Added to List of Carriers for Apple SIM.
  • LendKey Raises $13 Million in Equity and Debt Financing.

Around the web

  • PaySimple and Ping Identity named on list of top ten startups developing in Denver, Colorado
  • Citigroup expands partnership with PayPal to allow card members to use rewards points for purchases at PayPal checkout in the U.S.
  • Darwinex wins spot in South Summit Startup Competition 2017.
  • TD Ameritrade TickerTape blog spotlights social sentiments app, LikeFolio.
  • Dwolla adds multi-user feature to its Access API Dashboard.

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:

  • Build Intelligent Apps at Enterprise Scale with Ayasdi Envision.
  • PayPal’s Venmo Goes Head-to-Head with Zelle, Square Cash, and… Amazon

Around the web

  • EverSafe earns spot among the winners of Centre for Financial Services’ Financial Solutions Lab competition.
  • FIS introduces test solution to help FIs embrace real-time payments.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • BBVA taps into biometrics with new firm Veridas.
  • Expensify integrates with FinancialForce Accounting and PSA.
  • Rabobank selects Finastra (the merger of Misys and D+H) payment services hub for cross-border payments.

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

  • “D3 Banking’s Platform Goes Live at First Tennessee Bank”
  • “Finovate Debuts: Overbond Leverages Technology to Reimagine Bond Issuance”

Around the web

  • Zopa applies for U.K. banking license.
  • AGS Transact enters strategic alliance with ACI Worldwide, bringing its Universal Payments platform to the Indian market.
  • Wipro extends partnership with ASG Technologies to enhance compliance for financial services companies around the world.
  • iSignthis expands its reach into bitcoin industry as partner Coinify ApS announces new partnership with Blockchain.
  • NCR to deploy its Pulse Banking app for operation management at Germany’s Sparkasse Jena.
  • ShopKeep ranks 116 on Deloitte’s Technology Fast 500.
  • Standard Chartered launches personalized investment tool for affluent clients.
  • Ping Identity becomes a Workday Certified Solution Partner.
  • TechCrunch reports: CrowdFlower forms a three-person scientific advisory board.
  • Bitcoin wallet company Blockchain is beta testing a new in-wallet purchase-option in partnership with payments-startup Coinify.
  • Kony enhances its Mobility Platform with launch of “Nitro” omnichannel technology.
  • Interactions launches voice biometrics for seamless caller authentication within its Intelligent Virtual Assistant.

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

  • NYMBUS Raises $12 Million in Round Led by Vensure  Enterprises
  • CardFlight to Power EMV Mobile Processing for BluePay
  • Bento for Business Unveils New Mobile App

Around the web

  • Investopedia features Zooz and ThetaRay in a look at Israeli fintech startups.
  • National Bank of Kuwait goes live with Temenos Treasury Trader.
  • Compass Plus earns Faster Payments accreditation.
  • InformationWeek lists CrowdFlower in its lineup of cool machine learning startups to watch.
  • Ping Identity launches Contextual Access Management capabilities to help companies with digital transformation and cloud and mobile initiatives.
  • GeekWire features Tango Card. Watch the startup’s live demo at FinovateFall next month.
  • Kony enhances support for applications running on Amazon Web Services (AWS) and updates offerings in AWS Marketplace.
  • ThreatMetrix appoints key executives to initiate Asia Pacific expansion.
  • TradingView announces support for DriveWealth.

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.

Ping Identity Acquires UnboundID

Ping Identity Acquires UnboundID

Screen Shot 2016-08-02 at 7.49.35 AM

Identity security solutions provider Ping Identity has acquired UnboundID, its former partner, for an undisclosed amount. Austin-based UnboundID offers customer identity and access management solutions. The deal is expected to help Ping expand from identity management into customer engagement.

This comes two months after Colorado-based Ping Identity was acquired by Vista Equity Partners for $600 million. That acquisition, Ping noted, provided the resources it needed to accelerate its platform by purchasing UnboundID, a move that “wouldn’t have been possible” prior to being acquired by Vista Equity Partners.

Today’s acquisition gives Ping access to UnboundID’s “impressive list of big enterprise customers,” including global brands such as Chick-fil-A, Wells Fargo, Target, Boeing, Cisco and NBC. Perhaps more importantly, it also gives Ping its own identity-data store. In an interview with TechCrunch, Ping Identity CEO Andre Durand said, “At the end of the day, UnboundID has one of the world’s best customer-facing user directories.” Durand added, “Once we incorporate this into our platform and have capabilities to store user profiles, it allows us to innovate in ways we couldn’t before.”

Additionally, Ping anticipates Unbound will help it accelerate its “directory- and user-management capabilities by providing customer identity and access management across all channels and devices.”

Specifically, Ping mentions that the addition of Unbound’s capability will bolster:

  • User experience
  • Personalization
  • Privacy management
  • Partner-identity management

Unbound was founded in 2007; its employees, including CEO Stephen Shoaff, will join the Ping Identity team.

Founded in 2003, Ping Identity upgraded its Identity-as-a-Service (IDaaS) platform to improve security and ease of use for end users. At FinovateEurope 2012, the company showed how banks can increase conversion rates and reuse existing infrastructure by implementing social networking logins. Prior to being acquired in June 2016, Ping had raised a total of $128 million in funding and counts Draper Fisher Jurvetson, General Catalyst Partners, and Silicon Valley Bank among its investors.

Finovate Alumni News

On Finovate.com

  • Envestnet | Yodlee Forges Strategic Partnership with United Capital
  • Finovate Debuts: Cyberfend’s BotFender Detects Attacks in Real-Time

Around the web

  • TransferWise partners with Raphaels Bank as part of Faster Payments Service integration.
  • Token opens new London office.
  • Trulioo earns top honors for ID verification in 2016 Global RegTech report.
  • Check Point Introduces First Real-Time Zero-Day Protection for Web Browsers
  • P2Binvestor Delivers Biggest Line of Credit Yet at $10 Million
  • CR2 teams up with Diamond Bank to bring next-generation ATM technology to Nigeria.

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.

Ping Identity Unveils Security, Usability Upgrades to IDaaS Platform

Ping Identity Unveils Security, Usability Upgrades to IDaaS Platform

PingIdentity_homepage_July2016

Ping Identity launched a series of enhancements to its Identity-as-a-Service (IDaaS) technology to improve security and ease-of-use for end users. Ping Identity founder and CEO Andre Durand said the upgrades would “(ensure) that enterprises can create trusted mobile experiences with very little friction, while also supporting IT’s need to move quickly without compromising quality.”

On the security side, key upgrades to the platform include secure, privileged access and support for Windows Remote Desktop, including multifactor-authentication support. To improve usability, Ping Identity has built a consistent UX across mobile devices and improved the UI both for PingOne and the PingOne cloud. FIs and other organizations will benefit from opportunities to co-brand or white-label Ping’s mobile multifactor authentication as well.

“Mobility, combined with unrelenting phishing attacks, have caused multifactor authentication to evolve from a ‘nice-to-have’ to a ‘must-have,'” Durand said. “But it can’t come at the cost of the seamless experience people have come to expect.”

Founded in 2003 and headquartered in Denver, Colorado, Ping Identity demonstrated its PingFederate, Cloud Identity Connectors, and integrations with third-party solutions at FinovateEurope 2012. This February, Ping Identity announced a series of new features to its Ping Federate solution, including elastic scalability, which enables IT to dynamically change the size of AWS and OpenStack environments, and contextual multifactor authentication, that gives IT the ability to change system access requirements under various circumstances.

Ping Identity was acquired by private equity firm, Vista Equity Partners, in June for an undisclosed sum. The company had raised more than $128 million in funding prior to being purchased.

Finovate Alumni News

On Finovate.com

  • Ping Identity Unveils Security, Usability Upgrades to IDaaS Platform.
  • defi SOLUTIONS to Launch Full-Service Analytics and Reporting Platform by Year’s End
  • Coinbase Lands $10.5 Million in Strategic Investment from Bank of Tokyo Mitsubishi UFJ

Around the web

  • Misys honored by Celent Model Bank Awards for its work with Russia’s Alfa-Bank.
  • Holvi launches new debit card, Holvi Business MasterCard.
  • Risk Ident CEO Roberto Valerio writes about fighting account-takeover fraud.
  • Ixaris helps Amadeus build prepaid B2B wallet.
  • WattzOn unveils three new web and mobile tools for monitoring and managing utility bills.
  • The Street: Lending Club ‘Platform Investors’ Are Slowly Returning Despite Recent Hiccups
  • Buzz Points joins Jack Henry’s Symitar Vendor Integration Program.
  • iSignthis integrates with XM.COM to deliver due diligence Digital KYC service.
  • ProfitStars Ranked Among Top-50 Providers in MSPmentor 501 Global Edition.

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.

Ping Goes the Blockchain: Partnership Brings Consensus, Kill Switch with New Platform

Ping Goes the Blockchain: Partnership Brings Consensus, Kill Switch with New Platform

PingIdentity_homepage_June2016

Just days after being acquired by Vista Equity Partners, Ping Identity has introduced a new identity-management app that could pave the way for a seamless and secure user experience referred to as “continuous authentication.”

The announcement from Ping Identity came as part of the launch of distributed app platform designer Swirlds (as in “Shared Worlds”), which emerged from stealth last week and unveiled its hashgraph-distributed consensus platform. Swirlds enables developers to create distributed apps—permissioned and non-permissioned—with high throughput, fairness, and community consensus. The Swirlds platform differs further from the blockchain in that it has the ability to provide a timestamp of events as well as an evidentiary record. This functionality, which goes beyond what is available via the bitcoin blockchain, enables the platform to support a wide variety of transactional applications ranging from banking and trading markets to gaming and identity apps to cryptocurrencies and public ledgers.

Swirlds_homepage_June2016

Swirlds CEO Leemon Baird said, “Nobody is talking about building a stock market on Bitcoin blockchain, but you could do it on Swirlds.” Baird added that Swirlds could serve as a standard for distributed session management. Here is a detailed overview of Swirlds’ “fair, fast, provable, Byzantine, ACID compliant, efficient, inexpensive, timestapped, DoS resistant and optionally non-permissioned” technology.

What Ping Identity adds to the Swirlds platform is a way to manage identities across sessions and apps. Essentially, the technology keeps identity session databases synced to facilitate global session logout. The technology could be used, for example, to do away with the notion of “logging in” to a specific app or session. Instead, the user’s identity could follow them across apps and sessions, creating a better user experience while maintaining a high level of security. “The reason for application sessions is we don’t have continuous authentication,” Mance Harmon told ZDNet’s Identity Matters: “If the identity in the session goes away, you need a kill switch that works across client types.” Harmon is Ping’s senior director of architecture and labs.

In addition to the technical partnership, Ping Identity has invested capital in Swirlds, as well. “Swirlds represents a huge technological breakthrough that can change the way distributed-consensus communities function across a myriad of industries and use cases,” Patrick Harding, Ping’s Identity CTO, said. Calling it “the new identity standard,” Harding said the technology “solves the major challenges that identity professionals face in conducting and verifying session logout.”

Founded in 2003 and headquartered in Denver, Colorado, Ping Identity demonstrated PingFederate, Cloud Identity Connectors, and integration with third-party products at FinovateEurope 2012. The company announced new features to its PingFederate security solution in February, adding elastic scalability and contextual multifactor authentication. Named one of the top-100 tech companies in Colorado in 2015 by Built in Colorado, Ping Identity was acquired by Vista Equity Partners in June.

Finovate Alumni News

On Finovate.com

  • “2016 CNBC Distruptor 50 Features Klarna, Kabbage, Twilio, and Motif Investing”
  • “Ping Goes the Blockchain: Partnership Brings Consensus, Kill Switch with New Platform”
  • “Ripple Receives BitLicense to Sell XRP”

Around the web

  • FICO launches its Academic Engagement Program, helping business students get hands-on experience with analytic software.
  • Mashable features Dashlane in its list of “7 can’t miss apps.”
  • Ping Identity partners with blockchain innovator, Swirlds.
  • Braintree announces new integrations with Demandware and Netsuite.
  • Top Image Systems earns spot in the Russell Microcap Index.
  • Bloomberg Businessweek profiles TransferWise, ‘London’s Lonely Unicorn.’
  • The economist looks at Strands and Entrepreneurial Finanace Lab’s roles for businesses in developing countries.
  • Unicredit launches Appathon powered by Open Bank Project.
  • Crowdtrader looks at C.K. Mack’s new take on crowd-sourced real estate investing.

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.

 

Ping Identity Acquired by Vista Equity Partners

Ping Identity Acquired by Vista Equity Partners

PingIDHomepage2016

Colorado-based Ping Identity, a cloud identity security solutions provider, announced today it has been acquired by Vista Equity Partners. The terms were not disclosed for the deal which is expected to close in Q3 of this year.

Austin-based Vista Equity Partners has almost $8 billion in capital commitments, partnering with firms in software and technology-enabled businesses. Founded in 2000, the firm has acquired four companies, including Ping.

The acquisition is anticipated to help Ping Identity accelerate the growth of its security solutions through acquisitions and to boost investment in its Identity-as-a-Service (IDaaS) capabilities. Ping Identity CEO Andre Durand says it’s “a great day for Ping Identity” and added that the acquisition “validates what we’ve built: the leading Identity and Access Management platform.”

In the press release, Ping Identity noted a few metrics:

  • Annual recurring revenue grew by 40% in 2015
  • Annual recurring revenue is expected to reach more than $100 million in 2016
  • Clients include 1,500 global enterprises, including over half of the Fortune 100

PingIDDemoIn February, the company launched enhancements for Ping Federate, an omnichannel authentication and access management solution that uses multifactor authentication, single sign on, and limited access security.

Founded in 2003, Ping Identity took the stage at FinovateEurope 2012. The demo showed how banks can increase conversion rates and reuse existing infrastructure by implementing social networking logins. The company has raised a total of $128 million in funding and counts Draper Fisher Jurvetson, General Catalyst Partners, and Silicon Valley Bank among its investors.

Finovate Alumni News

On Finovate.com

  • “Big Blue Backs Mobile Banking in Rural China”
  • “BRIDGEi2i Closes Series A Funding Round”
  • “NICE Funding! CallVU Raises $3 Million”
  • “Ping Identity Acquired by Vista Equity Partners”

Around the web

  • “Check Point Named Leader for Vision and Execution in the Gartner Magic Quadrant for Firewalls”
  • Boku brings mobile carrier billing to U.K. sports and entertainment venues.
  • Thomson Reuters launches FX benchmark service.
  • Monitise no longer plans to sell its marketing content business Markco Media.
  • “Jack Henry & Associates and Inlet Partner to Bring Enhanced eBill Functionality to 4,000 Financial Institutions”
  • Wealthfront introduces its 529 College Savings Plan.
  • Intelligent Environments teams up with Queen’s University Belfast’s Centre for Secure Information Technologies (CSIT).
  • Wall Street Journal features Tuition.io in a look at how employers are providing low-cost loans to employees.
  • Ally Financial announces completion of TradeKing acquisition.

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