Finovate Alumni News

On Finovate.com

  • Revolut and Xero Partner on Expense Management Tool.

Around the web

  • Transferwise goes live with new debit cad for customers in Australia and New Zealand.
  • Finastra inks cloud banking deal with U.K. neo bank Gravity.
  • Argentina’s largest national private bank Banco Galicia integrates PFM technology from Strands.
  • Overbond to open three AI analytics labs in Montreal, Quebec, Canada to support R&D in bond pricing.
  • Vymo hires Rajesh Sabhlok as its new Chief Customer Officer, with an emphasis on Japan and APAC.
  • BlueRush announces strategic partnership with InfoSlips.
  • Artivest names Martin Bealieu, formerly executive chairman, as new CEO.
  • Lendio’s marketplace lending franchise program tops $50 million in loans facilitated via its platform.
  • Ignite Sales unveils the latest version of its customer engagement platform, Ignite Neuro 2.0.
  • Salt Edge increases the total number of connected banks in the E.U. to more than 300.
  • Experian unveils new configurations of its Ascend Analytical Sandbox.

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

Around the web

  • Digital Finance Institute features Ethoca, Financeit, Flybits, Horizn, On Deck Canada, Salt Edge, Sensibill, and TickSmith in its look at the top fintech companies in Canada in 2019.
  • AdviceRobo launches new pan-European PSD2 categorization and default prediction API for lenders, CatRobo.
  • Thomson Reuters purchases regtech collaboration platform, HighQ.

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.

Mambu and Salt Edge Team Up to Boost PSD2 Compliance

A new collaboration between SaaS banking engine Mambu and open banking solution provider Salt Edge will help FIs become more PSD2 compliant and, in the process, accelerate fintech innovation in the banking sector.

Salt Edge CEO Dmitrii Barbasura highlighted the company’s significant background in helping FIs become PSD2 compliant faster and with less cost, having launched more than 60 PSD2 API sandboxes this spring. “(Our) vision is to transform the way financial institutions interact with each other under the aegis of the PSD2 and other open banking initiatives,” he said. “One of our main specializations is building open banking APIs for interoperability between banks, payment service providers, and end customers.”

The collaboration stems from a partnership between the two companies launched last month that will give account servicing payment service providers (ASPSPs) working with Mambu the ability to gain PSD2 compliance without having to develop their own in-house, public APIs.

“Mambu continuously works to bring best of service partners to our ecosystem marketplace to help in composing innovative financial services architectures,” Mambu Chief Product and Technology Officer Ben Goldin said. “We chose Salt Edge, as they are a leader in open banking and are a good match in their service approach and company culture. Salt Edge’s capabilities go beyond a single region or standard, which complements a good global presence.”

Salt Edge demonstrated its Open Banking Platform at FinovateEurope earlier this year. The company is connected to more than 3,400 financial institutions in 66 countries, including more than 200 banks in Europe, and has offices in Toronto, London, and Chisinau. In addition to supporting account data and payment initiation, Salt Edge provides added value with data enrichment services such as financial categorization and payee verification during the transaction flow.

Salt Edge earned its Account Information Service Provider (AISP) license from the U.K.’s Financial Conduct Authority (FCA) this spring. The company also announced a new partnership earlier this year, teaming up with U.K.-based money management app Emma.

Berlin, Germany-based Mambu made its Finovate debut at FinovateAsia 2013. The company is also an alum of our developers conference, presenting Smart Consumer Lending: Platform and Scoring Architecture at FinDEVr New York 2016.

More recently, Mambu announced core banking technology partnerships challenger banks in the U.K. and South Africa. The company began the year with a significant fundraising, picking up a $34 million investment via a round led by Bessemer Venture Partners. Co-founder Eugene Danilkis is Mambu’s CEO.

Finovate Alumni News

On Finovate.com

  • Mambu and Salt Edge Team Up to Boost PSD2 Compliance.
  • RightCapital Partners with Wealth Manager CircleBlack.
  • Mastercard Works with P27 to Launch Real Time Payments in the Nordics.

Around the web

  • Product and pricing control solution provider Zafin announces alliance with end-to-end IT services firm DXC Technology.
  • Trade finance and supply chain expert David Hennah joins IGTB.
  • LoanScorecard to powerACORN, the new automated underwriting system from Sprout Mortgage.
  • FinovateFall Best of Show winner SpyCloud takes home top honors at SourceMedia’s 2019 Digital Banking conference.

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

  • NuData Security Gets a New CEO in Christopher Bailey.
  • CREALOGIX Adds New Mobile Functionality to LGT Vestra’s Digital App.

Around the web

  • Finastra announces partnership with intelligent automation software provider Xceptor.
  • PayPal launches new debit card for U.K. customers.
  • Revolut goes live with support for Apple Pay in 12 additional countries in Europe.
  • TransferWise unveils its borderless account in the U.S.
  • Salt Edge announces integrations with more than 200 banks across Europe.
  • CardFlight offers Level 2 credit card processing support for SwipeSimple.

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

  • Holvi Expands to Five New European Markets.
  • Artivest Inks Deal with Institutional Investment Manager LaSalle.
  • BioCatch Brings on New Chief Revenue Officer.
  • Yseop Pairs Up with Larsen & Toubro Infotech.

Around the web

  • Inc. names Blend, Kabbage, Lendio, Plaid, Pendo, Signifyd, and Ripple among the best places to work.
  • Alt Coin Magazine interviews Steven Parker, Crypterium CEO.
  • Interactions‘ IVA was named the top virtual assistant in Speech Technology Magazine’s 2019 People’s Choice Awards.
  • Salt Edge Open Banking API now supports eIDAS PSD2 certificates.
  • NIIT Technologies launches Cognitive Service Desk Audit, a tool to help applications understand and interpret user needs through natural communication.

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

  • Feedzai and North American Bancard Partner to Fight Fraud.
  • FinovateSpring’s Friday Finale Tackles Fintech’s Toughest Topics.

Around the web

  • Aite Group’s 2019 report on fraud and AML machine learning platform vendors recognizes Featurespace as Best-in-Class.
  • Salt Edge releases 60+ PSD2 API sandboxes.
  • ACI Worldwide to help Indonesia interbank network ALTO to expand its payment capabilities.
  • Jack Henry & Associates unveils its digital account opening solution, JHA OpenAnywhere.
  • Worldpay to release FraudSight machine learning-powered fraud solution.
  • PAUL UK selects Yoyo to introduce a combined mobile payments and personalized loyalty app to its customers.
  • Mint rolls out a new app experience for Android users

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.

Salt Edge Earns Account Information Service Provider License from FCA

Open banking enabler Salt Edge announced it has received the green light from the U.K.’s Financial Conduct Authority (FCA). Salt Edge’s registration as an Account Information Service Provider (AISP) will allow the company to access financial data in compliance with PSD2 across Europe.

“Receiving an AISP license will help us take better advantage of the Open Banking opportunities on the European landscape as we strive for excellence in everything we do. This process required some serious investment and preparation, but it was worth implementing,” commented Dmitrii Barbasura, Salt Edge CEO.

Salt Edge’s Open Banking API was updated at the beginning of this month to version five. Lenders using the recently updated API will be able to leverage Salt Edge’s AISP license to access consumers’ financial account data (with their consent) to enhance the underwriting process for credit decisioning.

Dmitry Tsap, Head of Infrastructure and Security Department at Salt Edge, said the company underwent “a very strict evaluation process” that assessed the company’s security and data protection measures. “Being approved by the FCA is proof of quality and recognition of our efforts in this direction,” Tsap added.

Salt Edge recently showcased its Open Banking platform at FinovateEurope 2019 in February. Early last month, the Canada-based company teamed up with money management app Emma for account aggregation. Salt Edge was founded in 2013 and connects to 3,100+ banks in 61 countries.

Finovate Alumni News

On Finovate.com

  • Onfido Raises $50 Million in New Capital.
  • Salt Edge Earns Account Information Service Provider License from FCA.

Around the web

  • Tinkoff Group of Russia builds supercomputer dubbed the most powerful in financial sector.
  • PayPal joins Series A round for Cambridge Blockchain.
  • EVRY partners with ACI Worldwide to enhance its mobile payment service in the Nordics and Europe.
  • ProfitStars wins 2019 FinTech Breakthrough Award for Best Business Lending Platform
  • Capsilon expands executive team, forms new product organization to drive mortgage innovation. Check out Capsilon’s newest tech at FinovateSpring in May.
  • SocietyOne launches new investor trust.
  • Portland Business Journal: Tyfone brings credit unions the digital tools members want.
  • Insuritas partners with Nymeo FCU to launch digital insurance agency.
  • NestReady to power integrated homebuying experience for Resource Financial Services.

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

  • Finn AI Brings Conversational Banking to South Africa’s TymeBank.

Around the web

  • Salt Edge unveils new version of API with a consent management system and UX enhancements.
  • MOXY bank selects NYMBUSSmartCore platform.
  • InComm and WH Smith launch in-store and online hubs for game cards in the U.K.
  • STOblock interviews Bitbond Founder and CEO Radoslav Albrecht.
  • India’s Federal Bank turns to Ripple to power cross-border remittances.
  • Khaleeji Commercial Bank of Bahrain partners with Token.io.
  • Finastra hires Sharon Doherty as its new Chief People Officer.
  • Equifax collaborates with Wolters Kluwer to offer Current Expected Credit Losses (CECL) solution.
  • Raiffeisen Bank Serbia picks Asseco SEE as its strategic vendor.
  • NF Innova to power “Customer-First” experience for APS 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.