Finovate Alumni News

On Finovate.com

  • KeyBank Acquires HelloWallet from Morningstar.
  • Zopa Receives $41 Million Investment to Support Challenger Bank Launch.

Around the web

  • Scalable Capital wins Financial Innovation of the Year from the Online Personal Wealth Awards.
  • MaxMyInterest introduces 1.31% preferred rate courtesy of new partnership with UFB Direct.
  • SumUp announces availability in more than 1,500 retail locations throughout Europe.
  • Tuition.io Awarded ISO 27001 Certification.
  • Econiq models conversation behaviors of top-performing employees to enrich the omnichannel customer experience for banks and insurers.
  • OANDA teams up with QuantConnect to launch new algo trading portal.

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

  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.

Around the web

  • Scalable Capital doubles assets in three months.
  • Pindrop’s Security and Authentication Technology Will Be Available With Amazon Connect.
  • HSBC announces fintech partnership with Tradeshift.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • nCino to power commercial lending for Valley National Bank.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Trustly unveils new solution for recurring payments, Trustly Direct Debit.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.
  • Mid-office operations automation from Five Degrees, Matrix, goes live at GarantiBank International.
  • New York-based CFCU Community Credit Union taps Insuritas to install full services insurance agency 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 Finovate.com

  • Lendio Brings the Franchising Model to Small Business Lending.
  • Excited to see Symphony Software Foundation at FinDEVr NY March 21 & 22. Check out our interview with Executive Director, Gabriele Columbro.
  • Scotiabank and AlphaPoint Wrap Up Blockchain Trial.

On FinDEVr.com

  • RSVP for FinDEVr’s International Debut.
  • PwC Brings Blockchain PoC to London’s Specialty Insurers.
  • Shwayhat Steps Up: Greenkey Technologies Announces New CEO.

Around the web

  • Vantiv to provide payment processing for Tyndall FCU ($1.3 billion in assets). See Vantiv at FinDEVr New York this month.
  • Scalable Capital recognized as only European startup on CNBC Upstart 25 roster.
  • Wealthify lowers minimum investment to £1.
  • Mambu goes live in the Americas with new offices in Miami and new regional managing director.
  • Trustly processes more than €3 billion in payments in 2016, announces UK expansion.
  • Fiserv Expands Contact and Servicing Center into Florida.
  • Yandex Money brings bankers onboard.
  • D+H Mortgagebot named HW Tech100 winner.

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.

Top Direct-to-Consumer Wealthtech Plays

wealthtech4

Our wealthtech industry coverage continues this week. We looked at the industry last week and reviewed the top trends earlier this month. Today we’re taking a look at industry players with B2C offerings—in other words, companies that market directly to consumers and not through businesses.

Since wealthtech is broader than just roboadvisers, we’ve divided B2C wealthtech players into seven categories and laid out our top picks for each group. Since category sizes vary, the number of our selections also vary.

Top in-house builds from traditional players
These are offerings from traditional wealth management firms that have been built in-house (or purchased and then white-labeled) and marketed under the firm’s brand.

Fully automated roboadvisers
These are online platforms that provide automated, algorithm-based portfolio management without intervention from human advisers and without personalized, one-on-one conversations with a human adviser.

screen-shot-2016-12-22-at-4-06-40-pmAcorns takes a unique approach by linking a user’s debit card and investing their “spare change”

Hybrid roboadvisers
These are traditional advisory services, including personalized conversations and actively managed portfolios blended with computerized portfolio recommendations. Business Insider reports hybrid roboadvisers will manage 10% of all investable assets by 2025.

screen-shot-2016-12-22-at-4-11-08-pmSigFig has partnered with multiple banks, including Wells Fargo, Pershing, and Citizens Bank

Non-U.S. roboadvisers

Alternative investing platforms
These are platforms that link participants to unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

screen-shot-2016-12-22-at-4-18-08-pmWith Motif, uses invest in grouped stocks and ETFs that revolve around a common theme

Non-U.S. alternative investing platforms

News and information companies
These are online platforms that help users discover news and market trends before they go mainstream. Some include social networking aspects.

screen-shot-2016-12-22-at-4-23-47-pmTickerTags helps users discover trends even before they become news

Finovate Alumni News

On Finovate.com

  • “Roots Rock: eMoney Advisor Reports Breakout Revenue Metrics for 2016″
  • Check out this week’s “FinDEVr APIntelligence”
  • Nubank Raises $80 Million in Series D Funding”
  • “Finovate Debuts: Agreement Express Helps Advisers Offer Non-Intrusive Onboarding”

Around the web

  • Nostrum CFO Neil Warman re-elected to Confederation of British Industry (CBI) regional board.
  • Qumram wins 2016 Private Banking International (PBI) award for Outstanding Front-End Digital Solutions Provider.
  • Ovum recognizes Backbase as digital banking platform market leader.
  • Comarch partners with TrustWeaver to make e-invoicing cross-border compliant.
  • True Potential listed in the Deloitte Technology Fast 500 EMEA for the fourth consecutive year.
  • Fundable profiles DAVO’s funding since its 2011 launch and its milestone of 800 clients.
  • Orca Money interviews Scalable Capital CEO Adam French.
  • Luxoft wins Best Enterprise Systems Integrator in Constellation Research’s 2016 Enterprise Awards.
  • Zopa takes home two awards at the AltFi Awards and wins Best P2P Lending Platform at the F5 Awards.
  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.

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

On Finovate.com

  • Check out the week’s “FinDEVr APIntelligence”
  • “Finovate Debuts: Uniken Introduces Relationship-Based Authentication”
  • BlueVine’s $49 Million to Fuel Product Expansion”
  • Empyr Powering Yelp’s New Cash Back Program”

Around the web

  • Expensify exclusively endorsed by the world’s leading accounting body.
  • Scalable Capital hits €100m in assets 10 months after launch in Germany and 4 months after U.K. launch
  • vaamo receives license for portfolio management by German supervisory authority BaFin.
  • Morningstar’s HelloWallet launches free student-loan calculator.
  • Signifyd and ThreatMetrix team up to combine machine learning and digital IDs to reduce ecommerce fraud.
  • Cartera Commerce launches Offerlink, a free Google Chrome web-browser extension to help online shoppers save money.
  • Envestnet | Yodlee integrates with Microsoft Dynamics 365 for Financials.
  • Kalypton wins the Dassault Systemes 3DS fintech challenge.
  • FinDEVr alum Braintree introduces commerce infrastructure tools.
  • ACI Worldwide named “frontrunner service provider” for EBA instant credit-transfer scheme.
  • Overbond integrates DBRS credit ratings into its platform.
  • DarcMatter earns first-place honors at Next Money Shanghai Semifinal Pitch competition.

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

On Finovate.com

  • Refundo Previews Mobile Tax Filing App Connect

Around the web

  • Entersekt to bring its 2FA technology, Transakt, to Nigeria via partnership with First Authentication Services Ltd (FASL).
  • Inc.com features Stuart Frankel of Narrative Science on the “keys to startup success.”
  • Experian launches anti-fraud platform, CrossCore, in South Africa.
  • True Potential opens up its portfolios to all U.K. advisers.
  • Corporate Insight features iQuantifi in a look at best practices in goal-setting apps.

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.

Scalable Capital Begins Onboarding U.K. Clients Ahead of July Launch

ScalableCapitalHomepage

Investment management platform Scalable Capital took a step today to becoming a more global company by onboarding its first U.K. clients.

laptop-phone_onlineA group of select clients on the waiting list will be guided through Scalable Capital’s risk assessment module before their funds go live on the platform. The Germany-based company received approval from the FCA in February and will open up to the general U.K. public in early July.

Scalable Capital seeks to make investment management available to everyone with a flat fee structure of 0.75% p.a. The company differentiates itself with risk management technology that lets clients select from more than 20 different risk categories. Scalable Capital uses Monte Carlo simulations to determine if the client’s portfolio selections will breach their risk limit and automatically rebalances their portfolio until it fits within their specified tolerance.

In March, Scalable Capital raised $7.9 million to grow its client base and expand into additional markets. The company now boasts $12.4 million in total funding. Co-founder and Co-CEO Erik Podzuweit, along with Co-founder and U.K. Managing Director Adam French debuted Scalable Capital at FinovateEuorpe 2016 in London.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Payment Ninja Provides Free Payment Processing, Programmatic Remarketing for SMEs.
  • Alpha Payments Cloud Selected for Wells Fargo Spring Startup Accelerator.
  • Check out this week’s FinDEVr APIntelligence.
  • DriveWealth Brings Robo-Advisory to China in New Partnership with CreditEase.
  • Buzz Points Lands $1.8 Million in Funding.

Around the Web

  • Cater Allen Private Bank to implement new core banking system from Temenos.
  • Top five Israeli banks to build mobile check-deposit solution based on mobiFLOW SDK from Top Image Systems.
  • Zopa named Moneyfacts Personal Loan Provider of the Year 2016.
  • Trulioo enhances address validation in Global Gateway.
  • MX to power Homeownership Preservation Foundation’s digital money management app.
  • Tradestreaming profiles Payoneer and its role in online payments.
  • Banking technology from Infosys Finacle to help support payments and deposit products for Paytm.

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.