Finovate Alumni News

On Finovate.com

  • Finovate Debuts: unblu Delivers an In-Person Customer Experience Online.
  • Check out our latest Sneak Peeks of upcoming FinovateSpring demos from Newchip, IBM Trusteer, Divy, CallVU, Finicity, GoodData, & NCR Corporation.
  • Narrative Science Raises $11 Million Series E.

Around the web

  • MaxMyInterest members gain access to increased FDIC insurance and competitive yields on cash balances courtesy of new partnership with UFB Direct.
  • Bahrain-based Bank ABC goes live with omni-channel digital banking service using Backbase’s platform.
  • Revolut joins forces with UK online mortgage broker, Trussle, enabling prospective homebuyers to begin the application process on mobile phones.
  • PayPal teams with Android to launch a new way to pay.
  • Lending Club launches mobile app for investors.
  • Handpoint launches analytics dashboard.
  • ProfitStars and Tyfone partner to offer digital banking and billpay solution.

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 FinDEVr.com

Around the web

  • PaySimple unveils new Service Point of Sale (sPOS) platform.
  • NY State Department of Financial Services to allow Coinbase to offer Ethereum and Litecoin to customers in New York.
  • Backbase to locate new R&D center in Cardiff, Wales.
  • Revolut announces £4 million crowdfunding investment round and launch of subscription service.
  • Scalable Capital founder and CEO Adam French earns spot on 2017 PAM Top 40 Under 40 roster.
  • Innovate Finance names Nous Global Markets, Moxtra, and Qumram as finalists in its Pitch360 fintech startup competition.
  • WePay customers can now use Apple Pay on the Web and Google’s Android Pay on the Web for increased revenue generation.

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 FinDEVr.com

Around the web

  • Barclaycard adds free Uber ride as reward for loyal cardholders. See Barclaycard next week at FinDEVr New York.
  • Revolut teams up with Lending Works to deliver lower-cost loans.
  • Geezeo powers new financial wellness solution from Jack Henry & Associates, JHA Online Financial Manager.
  • Partnership with BBVA marks Fenergo’s expansion into Spain.
  • Ripple launches cost model to help banks estimate their cross border payment costs.
  • EarlyBird unveils new SmartTracks to enable investment banks, hedge funds to better track European news on Twitter.

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

  • Rippleshot Racks Up $2.6 Million in Second Seed Round.

Around the web

  • Wave to offer OnDeck business loans and lines of credit courtesy of new partnership.
  • Poland’s Alior Bank ($15 billion USD) to deploy FusionCapital from Misys.
  • UK-based Revolut launches new customer service chatbot, Rita – “Revolut’s Intelligent Troubleshooting Assistant.”
  • IBM leverages Hyperledger Fabric to support a trade finance-oriented blockchain project in Dubai.
  • Fiserv wins inaugural Technology Association of Georgia (TAG) Fintech ADVANCE Award for its Verifast palm authentication technology.

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.

Revolut Unveils Billsplitting Feature

Revolut Unveils Billsplitting Feature

Revolut_homepage_January2017
Thanks to Revolut, sharing the expenses of a night on the town with friends just got a lot easier.

The London-based startup introduced a new feature that enables Revolut users to split a bill with anyone on their phone contacts list. The user pays with their RevolutCard, presses the “split bill” button on the Revolut app, then chooses which individuals in their contacts to share the bill with. The user can split bills evenly or change the amounts owed by each contact. Contacts get a notification letting them know how much they owe and, if the recipient has the Revolut app (free and available in iOS and Android), they can accept and pay their share of the bill with a single tap. If the recipient does not have the app, Revolut texts or emails a payment request link. Then they can download the app and accept the request.

See video of Revolut’s billsplitting feature in action.

Revolut_video_screen

Revolut’s billspliting feature accepts USD, GBP, and EUR, and is available in more than 42 countries in Europe. This is especially significant insofar as popular P2P payment options like Venmo and Square Cash are only available in the U.S. Revolut co-founder and CEO Nikolay Storonsky, who was named by Business Insider as one of 40 most exciting people in U.K. fintech, pointed out that the solution could be used for everything from a dinner with friends to the monthly rent between roommates. “Gone are the days of playing debt collector,” Storonsky said.

Founded in 2013, Revolut demonstrated its technology at FinovateEurope 2015. Last fall, the company won Best New Customer Facing Innovation at the Emerging Payments Awards 2016, and signed a memorandum of understanding with Bank of Lithuania to support cross-border payments. Revolut announced an $8.7 million funding round in July, taking the company’s total funding to more than $13 million and boosting its valuation to $54 million.

Finovate Alumni News

On Finovate.com

  • Revolut Unveils Billsplitting Feature.
  • Check out this week’s FinDEVr APIntelligence.
  • ThreatMetrix Shows Off its Strongest Year Yet.
  • Société Générale to Launch Personetics-Powered Chatbot.

Around the web

  • Five Degrees provides CRM and BPM technology for new UK robo advisor, Munnypot.
  • Coinbase wins New York State Department of Financial Services (NYDFS) virtual currency and money transmitter license.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.
  • PwC and Oracle team up to help FIs meet new accounting standards.
  • Handpoint expands line of commerce solutions with semi-integrated mobile EMV for cloud POS.
  • Guardian Analytics appoints Varouzhan Ebrahimian as the company’s new Chief Technology Officer.
  • Finextra: Blockchain launches Digital Asset Research Lab.

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

Around the web

  • Visa builds new blockchain payments platform, Visa B2B Connect, in partnership with Chain.
  • Wipro to acquire cloud services firm, Appirio, for $500 million.
  • Open source subscription billing and payments platform, Kill Bill, integrates with Dwolla.
  • Revolut wins Best New Customer Facing Innovation at Emerging Payments Awards 2016.

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

  • A Deep Dive into the Upcoming FinDEVr Silicon Valley 2016

Around the web

  • Idaho Central CU to deploy Alkami ORB platform.
  • Thomson Reuters unveils blockchain dev platform, BlockOne ID.
  • Banking Technology looks at Misys and its plans for a November IPO.
  • Revolut partners with Bank of Lithuania to promote cross-border payments.
  • Hyperwallet introduces its Tax Compliance Services initiative.
  • Cloud Lending Solutions appoints new chief revenue officer and chief financial officer.
  • Yandex.Money to offer mobile money-transfers and support-group chats for crowdfunding via Apple’s iMessage.

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

  • Malauzai Features Enhanced Card Management, Personalization in Latest SmartApps Release
  • Check out the latest in developer news in our FinDEVr APIntelligence column.

Around the web

  • Bluefin Payment Systems brings point-to-point encryption (P2PE) to Merchant Link.
  • In less than 24 hours, Revolut signs up thousands of businesses for its beta launch.
  • Swedbank to deploy FusionBanking Loan IQ from Misys.
  • Ebury reports 50% gains in customer base, thanks to digital onboarding technology from Avoka.
  • Concur acquires travel-based startup, Hipmunk.

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

  • Fintech Trending: Look Who’s Chasing Venmo, Student Loan Servicing Falls Short
  • DriveWealth Adds Real-Time Margin

Around the web

  • The Times of India examines the role Ripple can play in reducing the costs of overseas remittances.
  • iSignthis integrates its digital KYC technology with Ixaris.
  • Axis Bank’s Tagit-powered app adds augmented reality.
  • Cortera announces 100th release of its Cortera Pulse product.
  • Quisk rolls out mobile-money platform at National Commercial Bank Jamaica Limited.
  • Philadelphia Business Journal names eMoney Advisor one of the “Best Places to Work” in Philadelphia.

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

  • Dashlane and Google Partner to Improve Online Security via Open YOLO
  • Prosper Closes in on $5 Billion Commitment for New Loans

Around the web

  • FIS and Arkansas Governor Asa Hutchinson extend VC FinTech Accelerator program to 2018.
  • Revolut app tops 250,000 users.
  • Narrative Science launches Solution Provider program.
  • Oprah Winfrey Network names WorthFM founder and CEO Amanda Steinberg to the inaugural Opray Winfrey Network SuperSoul 100.
  • Banking technology interviews Rivi Varghese, CEO of CustomerXPs Software.
  • American Banker: Profits, Revenue Forecast Rise at Green Dot
  • Zopa gives a rundown of its four-year history.

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.

7 Alum Leaders Named U.K.’s Coolest People in Fintech

7 Alum Leaders Named U.K.’s Coolest People in Fintech

BritishFlagBusiness Insider rounded up the 40 most exciting people in fintech in the United Kingdom. As it turns out, Brexit isn’t enough to shake the fintech scene in the U.K. In fact, according to KPMG, British fintech startups raised $962 million in 2015. Of that amount, London companies raised $743 million.

The list includes these seven leaders from Finovate and FinDEVr alumni:

Taavet Hinrikus, CEO and cofounder of TransferWise

Marta Krupinska, General Manager and cofounder of Azimo

Nikolay Storonsky, CEO and cofounder of Revolut

Giles Andrews, Executive Chairman and cofounder of Zopa

Peter Smith, CEO and cofounder of Blockchain

Usman Khan, CTO and cofounder of Algomi

Nick Hungerford, CEO and founder of Nutmeg

Check out all 40 leaders who made the list. Wonder how Business Insider made its selections? Here’s how the publication described its process:

We looked at who’s done cool and interesting things in the past year, including companies that have raised money or grown rapidly. We’ve also tried to include some of the less obvious names—the people doing great things behind the scenes—as well the faces out front.