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Finovate Alumni News

By David Penn Posted on
Categories: Arxan Technologies, Daon, Lighter Capital, Outsystems, Ping Identity, Plaid, RightCapital, Ripple, Sberbank, Student Loan Genius, Temenos, Vault

On Finovate.com

  • Daon Inks Deal with South Africa’s Capitec Bank.
  • Lighter Capital Launches Capital Client Perks Program.

Around the web

  • Ping Identity integrates its multi-factor authentication solution, PingID, with Microsoft Azure Active Directory.
  • MoneyTap, DLT-based payment app developed by SBI and Ripple goes live in Japan.
  • OutSystems appoints Tim MacCarrick as new Chief Financial Officer.
  • Baltic International Bank finishes upgrade of its private, corporate, and retail banking offerings courtesy of a partnership with Temenos.
  • Sberbank customers can now add “cash postcards” – automated images with sound – to their money transfers.
  • CNBC features Plaid: the startup you’ve never heard of.
  • Arxan begins a month-long initiative to raise awareness for improved application security and threat intelligence.
  • RightCapital launches white-labeled, native mobile app.

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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Finovate Global: Fintech News from Around the World

By David Penn Posted on
Categories: Compass Plus, FICO, Finovate Global, Ripple, Sberbank, Temenos

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Latin America and the Caribbean

  • Banco Fassil is the first Bolivian company to migrate its ATM network to TranzAxis from Compass Plus.
  • Legal Tech News reviews the improved opportunity for investment in the Mexican fintech market.
  • Can blockchain technology fix Argentina’s financial crisis? VentureBeat considers the challenge.

Asia-Pacific

  • Siam Commercial Bank is the first bank on Ripple’s RippleNet to pioneer multi-hop, a feature that allows payment settlement on behalf of other financial institutions on the network.
  • Singapore and Hong Kong-based digital private banking clients of Credit Suisse now can communicate with their bank via Apple Business chat.
  • Singtel launches electronics payments alliance with a pair of Thailand-based partners.

Sub-Saharan Africa

  • South African fintech Centbee announces beta launch of its bitcoin cash wallet.
  • BitCoinke looks at funding for African fintech startups in 2018.
  • Fintech Association of Nigeria begins fintech learning series in partnership with the SEC.

Central and Eastern Europe

  • Sberbank to offer loans of up to RUB 300,000 without proof of income as part of new pilot program.
  • FICO to provide KYC and onboarding solutions for Belarus-based lender, Belgazprombank.
  • Alfa Group of Russia plans to launch online insurance company, Mango.

Middle East and Northern Africa

  • Cameroon’s biggest bank, Afriland First Bank, to deploy Temenos’ T24 core banking platform.
  • Qatar Islamic Bank to leverage solutions from Volante Technologies to help meet PSD2 and open banking standards.
  • ICS Financial Systems completes blockchain proof of concept for Arab Jordan Investment Bank (AJIB).
  • Tunisia’s Banque de l’Habitat (BH) selects Temenos’ T24 core banking system.

Central and South Asia

  • KPMG releases its latest report: Fintech in India: Powering a Digital Economy.
  • Paytm secures 33% market share of UPI payments in India.
  • Medici looks at the state of financial inclusion in India.

Top image designed by Freepik

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Finovate Alumni News

By David Penn Posted on
Categories: Compass Plus, Earnix, Featurespace, Fiserv, HackerOne, IdentityMind Global, Ripple, Risk Ident, Salt Edge

On Finovate.com

  • Cracking the Fintech Code: Secrets to Success for Fintech Start-ups.
  • Salt Edge Serves Up Open Banking Payment Infrastructure for Testing.

Around the web

  • Earnix forges strategic alliance with automated machine learning innovator, DataRobot.
  • IdentityMind Global partners with digital currency risk assessment specialist, CipherTrace.
  • HackerOne now accepts Bitcoin and Bitcoin Cash payments for bug bounties courtesy of new partnership with BitPay.
  • Fiserv taps Lee Cameron as new managing director for EMEA.
  • Siam Commercial Bank is the first bank on Ripple’s RippleNet to pioneer multi-hop, a feature that allows payment settlement on behalf of other financial institutions on the network.
  • Danske Bank leverages Featurespace’s ARIC fraud hub to reduce fraud.
  • Risk Ident wins Best eCommerce Technology Innovation at the London eCommerce Awards.
  • Banco Fassil is the first Bolivian company to migrate its ATM network to TranzAxis from Compass Plus.

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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Finovate Alumni News

By David Penn Posted on
Categories: AlphaPoint, Bambu, CallVU, DefenseStorm, Enveil, Exate, HackerOne, Market IQ, Payfone, Ripple

On Finovate.com

  • DefenseStorm Forges Strategic Partnership with Alogent.
  • FinovateFall 2018: Be There … In Times Square.

Around the web

  • Ripple reaches milestone as its RippleNet network is now live in more than 40 countries across six continents.
  • Bambu, Exate Technology, and Market IQ are among the seven startups selected for Plug and Play ADGM’s three-month accelerator program.
  • AlphaPoint appoints Moishe Gubin to its board of directors.
  • CallVU to provide an international credit company with biometric authentication via its digital engagement platform.
  • Enveil and Payfone earn spots on the 2018 SINET 16 Innovators roster.
  • Fifth Domain features Hacker One in a look at how white hat hackers could help improve voting machine security.

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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Finovate Global: Fintech News from Around the World

By David Penn Posted on
Categories: Entersekt, Finovate Global, Infosys, Neener Analytics, Ripple

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Middle East and Northern Africa

  • Personality Biometrics Specialist Neener Analytics Partners with American Express as part of Accelerate Middle East initiative.
  • Abu Dhabi Global Markets (ADGM) launches its digital sandbox.
  • Ithmaar Bank of Bahrain and Eazy Financial Services partner to launch biometric payment network.
  • Al Salam Bank Bahrain (ASBB) leverages technology from Clayton to launch new mobile banking solution.
  • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.

Central and South Asia

  • Infosys to Acquire Fluido for $76 Million.
  • TPS and DigInc partner to support mircofinancing in Pakistan.
  • Bengaluru’s SlicePay, which provides credit to millennial consumers, announces Series A investment led by China’s FinUp Finance Technology Group.

Latin America and the Caribbean

  • Argentina-based digital financial services startup MONI raises $4.5 million in funding. In Spanish.
  • Mexico’s much-anticipated Fintech Law goes live.
  • Euromoney profiles Brazilian data management fintech, Quod.

Asia-Pacific

  • Vietnam Prosperity Bank (VPBank) launches its digital brand, Yolo.
  • Indonesia’s B2B marketplace Ralali raises $7 million in new funding.
  • Singapore introduces the first unified payment QR code.
  • ASEAN Financial Innovation Network (AFIN) launches its API Exchange.
  • Moka, a business payments management startup from Indonesia, picks up $24 million in round led by Sequoia India and Southeast Asia.

Sub-Saharan Africa

  • Jumo, a fintech startup from South Africa that helps provide financing to the underbanked, raises $52 million in round led by Goldman Sachs.
  • Central Bank of Kenya to consider new regulations for the country’s digital lenders.
  • South Africa’s Click2Sure and Finovate alum Entersekt chosen to participate in AlphaCode’s accelerator program.

Central and Eastern Europe

  • Nordigen, a credit risk assessment solution provider based in Latvia, announces $800,000 in new funding.
  • Forbes looks at the collaboration between IBM, PwC, and the Czech Republic’s Blockchain Connect Association.
  • Hackernoon makes the case for “developing your fintech solution in Poland.”
  • Which Eastern European country is making the biggest strides when it comes to innovating with blockchain technology? Bitnews Today shares its review of the region.

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Finovate Alumni News

By David Penn Posted on
Categories: AdviceRobo, Arxan Technologies, Checkbook.io, Cortera, Dwolla, Klarna, Personal Capital, Ripple, Solna, Thinking Capital, Tyro, WorkFusion, Xero

On Finovate.com

  • KPMG Acquires Minority Stake in Alternative Credit Scoring Specialist, AdviceRobo.
  • Thinking Capital, National Bank Expand Funding Options for Canada’s SMEs.

Around the web

  • Australia’s business bank Tyro to offer flexible same-day settlement and payroll integration courtesy of a partnership with Xero.
  • Spreedly unveils latest version of its Account Updater solution.
  • Dwolla discontinues its last branded solution Transfer; pivots to focus on Dwolla Platform, the company’s white-label API.
  • Klarna to acquire Close Brothers Retail Finance (CBRF).
  • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.
  • WorkFusion launches Partner Portal to support rise in AI-driven automation engagements.
  • Solna launches its intelligent invoicing tool powered by credit score data.
  • Personal Capital Promotes Craig Birk to Chief Investment Officer.
  • Moody’s Analytics partners with Cortera on a small business solution.
  • Arxan launches advanced protection for client-side eeb apps.
  • Checkbook celebrates topping two million user milestone.

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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Finovate Alumni News

By David Penn Posted on
Categories: BeSmartee, Experian, Finastra, HooYu, iSignthis, Kasasa, Ripple, Striata, SynapseFi, TIBCO Software, Xero

On Finovate.com

  • Xero Learn Sets Stage for Next Generation of Number Crunchers.
  • SynapseFI Raises $17 Million in New Funding.

Around the web

  • iSignthis acquires core banking platform software business.
  • HooYu teams up with U.K. casino operator, Bear Group.
  • United Bank of Egypt leverages technology from Finastra to upgrade its core banking infrastructure.
  • Ripple and TransferGo partner on real-time, blockchain-enabled remittances.
  • Striata inks partnership with UK-based customer communications specialist Communisis.
  • Experian to launch comparison service feature that gives consumers the real rate charged when applying for a credit card.
  • Tibco has started a research lab to develop new products and services in emerging areas such as blockchain, machine learning, artificial intelligence (AI) and the internet of things (IoT).
  • BeSmartee integrates with Fannie Mae’s Desktop Underwriter to Accelerate Mortgage Process.
  • Kasasa names Amy Gililland Chief Financial Officer.

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bucket, Credit Karma, Figo, Insuritas, ITSCREDIT, MX, PayActiv, Ripple

On Finovate.com

  • Credit Karma Buys Mortgage Platform Company.

Around the web

  • Coin Telegraph: Ripple partners with three crypto exchanges as part of XRapid solution
  • Insuritas partners with Alabama One Credit Union and Alabama One Agency Insurance Services to provide insurance offerings for members.
  • figo receives ZAG license and enables ‘License as a Service’ through RegShield.
  • NPR features how PayActiv helps Americans avoid payday loans.
  • MX named one of fastest growing companies in Utah for 2018.

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avaloq, BBVA Compass, CoverHound, Entrust Datacard, ID.me, MX, Ripple

On Finovate.com

  • Using Your Data to Stay Alive.

Around the web

  • BBVA Compass leverages MX for financial management tools.
  • CNBC: Ripple wants to target China with blockchain-based payments
  • ID.me approved as NIST 800-63-3 conformant.
  • Industrial Bank of China selects Avaloq to provide a banking solution for its private-banking branch in Hong Kong.
  • Entrust Datacard receives patent for card personalization process
  • Los Angeles Business Journal names CoverHound a Top Place to Work for 2018.

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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Finovate Global: Fintech News from Around the World

By David Penn Posted on
Categories: Finastra, Finovate Global, Ripple, Sberbank, Temenos

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Central and South Asia

  • Pakistan joins Emirates Islamic QuickRemit online fund transfer service.
  • The State Bank of Mauritius picks Miles Software’s Moneyware platform for wealth management and banking operations.
  • DBS India joins SWIFT Global Payments Innovation (gpi) to bring better cash flow visibility via real-time cross border payment tracking for the firm’s corporate clients in India.

Latin America and the Caribbean

  • Payments Journal highlights Boom Credit, a Miami, Florida-based fintech with a focus on the Mexican market.
  • Pequenas Empresas & Grades Negocios interviews Creditas founder Sergio Furio. (In Portuguese).
  • Central banks of Curacao and St. Maarten partner with blockchain company Bitt to investigate the creation of a digital currency.

Asia-Pacific

  • Singapore’s Association of Banks makes its P2P funds transfer app, PayNow, available for business use.
  • Singapore-based international money transfer startup InstaReM announces new Chief Technical Officer, Niles Pathak.
  • CNBC reports that Ripple is looking to enter the Chinese cross-border payments market.

Sub-Saharan Africa

  • Nigerian digital lending platform Mines picks up $13 million investment.
  • Postbank Kenya launches mobile banking service, M-chama.
  • United Nations Economic Commission for Africa (ECA) teams up with the International Financial Corporation and Ant Financial to support digital financial inclusion in Africa.

Central and Eastern Europe

  • Sberbank sees a cashless payments boom in Russia.
  • Crimea’s largest bank replaces Visa and Mastercard as part of transition to Russia’s MIR payment system.
  • Forbes interviews Olga Feldmeier, CEO of Ukraine-based Smart Valor.

Middle East and Northern Africa

  • Temenos to collaborate with the Venture Lab at The American University in Cairo.
  • National Bank of Egypt chooses Fusion Treasury and Fusion Risk from Finastra in upgrade of its treasury and risk management operations.
  • Agricultural Bank of Sudan goes live on ICS Banks Islamic from ICS Financial Systems.
  • Attijariwafa Bank to deploy Path Solutions’ Sharia-compliant, iMAL core banking solution.

Top image designed by Freepik

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Finovate Alumni News

By David Penn Posted on
Categories: AlphaPoint, Baker Hill, Finastra, Finicity, Malauzai, Onfido, Ripple, Sedicii, Thomson Reuters

On Finovate.com

  • Baker Hill Inks Loan Origination Deal with West Texas State Bank.
  • Finicity and Cre8tech Labs’ Lender Price Partner to Streamline Digital Lending.

Around the web

  • LendInvest partners with Onfido to bring identity verification to LendInvest’s Buy-to-Let digital applications.
  • Malauzai and Somerset Trust Company declare August 20th as National Fintech Day.
  • Thomson Reuters launches Compliance Management solution, an addition to its Connected Risk platform.
  • Ripple announces the transition of David Schwartz from Chief Cryptographer to Chief Technical Officer.
  • Identity verification startup Sedicii earns a finalist spot in BBVA’s Open Talent competition.
  • Barclays to deploy Finastra’s Fusion Loan IQ system.
  • AlphaPoint wins Best Distributed Ledger Technology Provider by the 2018 Water Technology customer survey.

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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Finovate Alumni News

By David Penn Posted on
Categories: Akamai, Bento for Business, Coinbase, DefenseStorm, Finastra, OneSpan, Payoneer, Ping Identity, Quadient, Ripple, Sensory, Temenos, Twilio

On Finovate.com

  • Bento for Business Raises $9 Million in New Funding.
  • Sensory’s Biometric Technology Now Powers Security for 24 Banking Apps.
  • DefenseStorm Selected by NAFCU as Preferred Cloud-Based Cybersecurity Partner

Around the web

  • Coventry Building Society to deploy Temenos T24 core banking platform for savings and mortgage servicing.
  • Finastra partners with Indonesian data center to bring IFRS 9 compliance capabilities to regional and medium-sized FIs in the country.
  • Akamai Technologies named a leader in Web Application Firewalls in The Forrester Wave’s Q2 2018 evaluation.
  • Payoneer partners with the Republic of Estonia’s e-Residency program to make cross-border payments easier for e-residents in India.
  • Twilio introduces a new developer-first, API-first partner program, Twilio Build.
  • Ping Identity forges strategic partnership with enterprise identity governance company, SailPoint Technologies.
  • Coinbase CEO follows Ripple’s lead on philanthropy.
  • Quadient teams with Quertum for software distribution in the Nordics and U.K.

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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