Finovate Alumni News


  • “Western Union Takes Strategic Stake in Walletron

Around the web

  • Fiserv launches Prologue Risk Manager to streamline and simplify compliance.
  • RAGE Frameworks unveils LiveSpread, an AI solution to aid in processing of financial documents for credit analysis.
  • The Beast Apps introduces comprehensive MiFID II compliance-integration solution, Minotaur.
  • Scalable Capital launches Android app in the U.K.
  • Hyperwallet begins 24/7 support amidst launch of new Austin contact center.
  • Xero interviews David Barrett, CEO and founder of Expensify.
  • Heckyl wins Government of Ontario’s Next Big Idea 2016 contest
  • Kabbage named one of the best places to work in the U.S. for 2017.

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.

Finovate Alumni News


  • Signature & Teller: Merchant Bank of Sri Lanka Chooses Fiserv
  • Compass Plus Partners with Mutual Trust Bank

Around the web

  • Botswana Savings bank (BSB) deploys BankWorld ATM from CR2, launches Smooth Visa Debit Card.
  • DataInformed column on operational analytics highlights RAGE Frameworks.
  • Guardian Analytics launches real-time ACH solution to protect against fraud risk created by same-day ACH.
  • Bob Michaud joins Q2 as chief security officer.
  • CIO Review profiles ThetaRay and its CEO, Mark Gazit.
  • CSI teams up with ACI Worldwide to power its card-fraud-protection technology.
  • Kontomatik announces expansion to Portugal, the ninth country where its API is available.
  • FusionBanking Essence from Misys goes live with Myanmar’s Yoma Bank.

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


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.

Rage Frameworks Launches LiveWealth Intelligent Agent Platform


Rage Frameworks unveiled its LiveWealth Intelligent Agent platform this week. The technology, powered by Rage’s aggregation engine, extracts and interprets data from paper and electronic sources and uses semantic intelligence to read both structured and unstructured data. This enables wealth managers to better monitor and act on information that might affect client portfolios.

Rage Frameworks CEO Dr. Venkat Srinivasan called the platform a “pioneering innovation” saying it “delivers the cognitive intelligence and automation capabilities wealth managers require, enhancing their ability to service their institutional and high-net-worth clients.”


From left: Rage Frameworks’ Nick Adams, VP banking solutions, and Aashish Mehta, SVP banking solutions, demonstrated at FinovateSpring 2015.

LiveWealth Intelligent Agent aggregates data from all U.S. and most international custodians, and normalizes it to client-specified formats. The technology is highly configurable, and provides managers with a wall-to-wall audit trail. In addition to a variety of analytics tools, LiveWealth’s Portfolio Analytics engine enables dynamic rebalancing and attribution, including portfolio modeling, multi-asset classification, and benchmark comparisons. The platform can be deployed alongside existing infrastructure without additional coding.

Rage Frameworks was founded in 2007 and is headquartered in Dedham, Massachusetts, with offices in Pune and Belgaum, India. Its LiveCredit platform was demoed at FinovateSpring 2015. In November, Rage Frameworks announced a partnership with Genpact, combining artificial intelligence technology with business process automation. In August 2015, the company launched its Real Time Intelligence (RTI) platform for capital markets.

Finovate Alumni News


  • Rage Frameworks Launches LiveWealth Intelligent Agent Platform”

Around the web

  • Top Image Systems secures $100,000 contract with major Israeli B2B e-commerce provider.
  • Kasasa by BancVue forms strategic investment partnership with The Riverside Company; rebrands as Kasasa.
  • EconoTimes Business highlights Betterment in a look at the way the low fees of robo-advisers benefit retirees.

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.

Finovate Alumni News


  • “StockTwits Offers Brokerage Functionality Powered by Robinhood”
  • “Finovate Debuts: bleu Unveils its Beacon-powered, Point-of-Sale Solution”

Around the web

  • TechCrunch names Stockpile gift card on list of Awesome Gifts For Your Favorite 20-Something.
  • Prosper recognized as 24th fastest-growing company on Deloitte’s Fast 500. San Francisco Business Times places Prosper as number 3 of the Fastest Growing Companies of 2015.
  • Kashoo launches period-locking feature to lock data within prescribed timeframes.
  • Built in Colorado names Google, OnDeck, Ping Identity, Personal Capital, Xero, and PaySimple on list of top 100 tech companies in Colorado.
  • TickSmith’s TickVault platform earns the fast-growing firm an Innovators Award from FIA.
  • CenturyLink and Cogent enter into interconnection agreement.
  • RAGE Frameworks partners with Genpact, leveraging AI to automate financial processes.
  • Los Alamos National Bank chooses FIS as its new core banking provider.
  • National Bonds to deploy AML Risk Manager from Fiserv.
  • Geezeo launches its Life Infused Financial Experiences custom apps.
  • Let’s Talk Payments looks at edo Interactive and its partnership with Visa Europe.
  • Azimo extends its money-transfer service to Nigeria.
  • Fidelity Clearing and Custody teams up with EverSafe to help prevent elder financial abuse.
  • TransferTo joins forces with Continental Money to bring remittance services to Africa.

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.

Finovate Alumni News


  • “Finovate debuts: RedCloud Technology Helps Financial Institutions Build Regulatory Compliant Products”
  • “PRUDENA Launches Online Marketplace for Stock Market Research”

Around the web

  • PYMNTS looks at Akimbo’s next venture, Akimbo Now.
  • Dealstruck crosses the $100m mark.
  • Deluxe Corporation celebrates its 100th birthday by ringing the opening bell at the New York Stock Exchange.
  • PYMNTS interviews Michael Garrity, co-founder and CEO of Financeit.
  • Inside Big Data interviews Dr. Venkat Krinivasan, CEO of RAGE Frameworks.
  • The Financial Brand’s Ron Shevlin takes a look at the future of Venmo.
  • InvestinGoal provides a free eToro base course to help introduce new investors to social trading.
  • Strands brings its PFM solution to Temenos Connect and Mobile Internet Banking.
  • Geezeo builds custom financial event app: Life by Geezeo.

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.

RAGE Frameworks Presents LiveCredit, Enabling FIs to Build Their Own Innovations

This post is part of our live coverage of FinovateSpring 2015.

artwork_rage_logo_its_possibleRAGE Frameworks‘ LiveCredit solution enables FIs to build a variety of financing products.

RAGE LiveCredit is a flexible, scalable origination and servicing solution that can enable the design and launch of any financing product end-to-end from ordination and underwriting, to booking and servicing. LiveCredit is designed to enable a financial institution to implement its creative ideas and needs in terms of new products, new underwriting rules including dynamic pricing, compliance rules, and accounting, in near real-time fashion. LiveCredit enables this configurability through a dynamic and flexible Product Configurator, which rapidly facilitates the configuration of the entire lifecycle related to a product without any need for programming.

Presenters: Aashish Mehta, SVP, banking solutions, and Nick Adams, VP, banking solutions



Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Dedham, Massachusetts
Founded: 2007

FinovateSpring 2015 Sneak Peek: Part 5


FinovateSpring’s 72 fintech innovators have 3 weeks left to perfect their live demos before debuting their new technology on stage 12/13 May in San Jose, Calif. That means there’s still some time left for you to pick up a ticket and take a closer look at the types of technology you’ll see demonstrated live at San Jose’s City National Civic.

Today, we’re featuring seven companies:

Check out the previous installments of our Sneak Peek series below. And stayed tuned for Part 6 on Thursday:

DarcMatterLogoDarcMatter is an online platform solving inefficiencies in the alternative-investments market through enhanced capital connectivity, data-driven investing, and advanced syndication.


  • Institutional-level access to prescreened and compliant alternative investments
  • Issuers are empowered to raise capital on their own
  • Over $100 billion of investor capital

Why it’s great
DarcMatter provides an infrastructure for the alternatives market and enhances the capital process from start to finish.


Sang Lee, CEO & Founder
Formerly an investment banker in the energy field at WestLB and BNP Paribas, Lee has accrued a wealth of expertise in financial regulation, business, and financial structuring.


DarcMatterPresenter2Stan Solodkyy, CTO
Solodkyy has experience from integration of financial institutions with the SWIFT network to providing software consultancy to world-leading brands.


DigitalInsightLogoDigital Insight will illustrate the use of beacons within its mobile banking app, creating a more personal, relevant, and contextual experience based on a user’s location.


  • Personalizes a user’s experience in banking branches
  • Provides financial institutions relevant, timely information to engage with users more effectively

Why it’s great
Digital Insight is designing more personal, relevant, and contextual experiences based on knowing a user’s location.


Marshall Yuan, Senior Product Manager, DI Labs
Yuan is senior product manager at DI Labs where he leads experimentation in new solutions to help financial institutions engage and delight their end users.

DIPresenter2Ronald Leung, Engineering Lead, DI Labs
Leung is the engineering lead at DI Labs where he has been working with financial institutions to build innovative solutions and user experiences.



EmailageLogoEmailage uses email as a key data-element for detecting fraud trends across industries and regions. Emailage’s machine-learning algorithms detect fraud in real time.


  • Analyze any email address on any web site
  • 90% confirmed fraud has not been previously detected
  • Real-time fraud score based on current trends

Why it’s great
No sensitive, transactional data is ever shared or stored by Emailage. It requires only an email address to provide an extremely precise risk assessment.


Amador Testa, Chief Product Officer
Testa is Emailage’s CPO and has 15 years experience in financial fraud prevention. Prior to Emailage, Amador was a leader for AMEX and Citigroup.


HedgeableLogoHedgeable is a robo-adviser on steroids.


  • Advanced portfolio customization and sophistication
  • Downside risk protection
  • Access to alternatives

Why it’s great
First generation robo-advisers are cookie-cutter, like Altavista; Hedgeable is innovating like Google.


Matthew Kane, Co-founder & Chief Ninja
Kane is co-founder and CTO of Hedgeable where he leads all product, design, UI/UX, development, and strategy initiatives.

HedgeablePresenter2Michael Kane, Co-founder & Head Sensei
Kane is co-founder and CEO of Hedgeable where he leads all investment-management and business-development duties. Previously at Bridgewater Associates.



MovenLogo2015Moven is a disruptive digital experience and debit card designed to provide real-time feedback so users can build better money habits and save more.


  • Frictionless account onboarding with incremental prospecting
  • A real-time financial wellness experience driving customer engagement
  • A global, agile, and scalable platform for international banks

Why it’s great
Moven has created real-time, contextualized notifications to gamify savings and create a behaviorally driven experience that goes beyond traditional goal-based paradigms.


Brett King, CEO, Founder
King is an Amazon best-selling author, well-known industry commentator, host of the BREAKING BANK$ radio show and founder of revolutionary mobile-based banking service Moven.

MovenPresenter2Alex Sion, President, Co-founder
Sion is President of Moven and an adviser on digital strategy and disruption to global financial leaders such as HSBC, Citi, and Barclays.




RAGE Frameworks’ LiveCredit is a flexible, scalable origination and servicing solution that enables the design and launch of any financing product, end-to-end, from origination to underwriting to booking and service.


  • Dynamic Product Configurator enables new products without custom coding
  • Scalable origination and servicing
  • Enables flexible financing, accounting and compliance

Why it’s great
Its framework-based approach empowers unprecedented flexibility and market-leading, time-to-market deployment.


Nick Adams, Vice President, Risk Solutions
Adams runs business development for LiveCredit and is a 10+ year veteran of startups and multinational companies. He holds a bachelor’s degree from Brandeis University and an MBA in finance from Northeastern.

RagePresenter2Aashish Mehta, SVP, Business Banking Solutions
Mehta is responsible for all LiveCredit business operations. He sits on the management team and has been with RAGE for nearly 10 years.



ShoeboxedLogoShoeboxed is launching the next banking standard. The pioneers in email and mobile receipt-capture now open the door to receipt data for financial institutions.


  • Automated receipt-capture for consumers and small businesses
  • Item-level extraction of purchase details
  • Turnkey implementation for financial institutions

Why it’s great
Receipt-capture is becoming a standard banking feature, giving access to previously unattainable data.


Tobi Walter, COO, Co-founder
An investment banker-turned-entrepreneur, COO Walter oversees the business and corporate development efforts of Shoeboxed.

ShoeboxedPresenter2Alex Anderson, Business Development Manager
Anderson oversees the planning and implementation of strategic banking and accounting partnerships.