Finovate Alumni News

On Finovate.com

  • Signifyd Raises $56 Million to Fight eCommerce Chargebacks.
  • Token Picks Up $18.5 Million to Help Banks Rise to the Challenge of PSD2.

Around the web

  • Wipro signs on as founding member of Enterprise Ethereum Alliance (EEA).
  • PayNearMe adds 8,000 CVS Pharmacy Stores to its network cash acceptance locations.
  • D3 Banking announces enhancements to its small business banking 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 Finovate.com

Around the web

  • CardFlight unveils new line of mobile card readers to support secure EMV and NFC contactless payments.
  • Jack Henry & Associates announces strategic services agreement with First Data and PSCU.
  • Gartner recognizes OutSystems as a leader in enterprise high productivity application platform as a service technology.
  • Signifyd honored by American Business Awards.
  • Backbase to power digital banking for Zensar.
  • Cortera to power small business credit risk data for LexisNexis
  • Coinbase adds support for Litecoin

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

  • LendUp Lands $100 Million Credit Facility.
  • LikeFolio Begins Licensing Brand-Mapping Database.
  • Euronext Invests $10 Million in Algomi; Expands Joint Venture Agreement.

Around the web

  • Yoyo hires former PayPal GM Simon Moran as first VP of Commercial.
  • Fiserv expands its Florida contact and servicing center by 22%.
  • Trustly partners with UATP to enable online bank payments for airfare.
  • NICE extends real-time authentication across all voice channels.
  • The Asian Review covers Ayondo’s upcoming listing on the Singapore Exchange.
  • Signifyd wins Finance Monthly’s 2017 Fintech Award for Fraud.

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

  • Switch Announces Early Access to Online Card Account Management Platform.

On FinDEVr.com

  • Excited to see Softjourn at FinDEVr New York on March 21 & 22. Check out our interview with Project Manager Yuriy Kropelnytsky.
  • NYMBUS Scores with $16 Million Investment Led by Home Credit Group.

Around the web

  • Lleida.net wins 20-year European patent for its registered email technology.
  • Payworks provides SIX Payment Services with mPOS solution, mCashier.
  • Thomson Reuters enhances data analytics platform with ultra high-speed processing of real-time and historical data functionality.
  • France’s PayPlug to deploy ACI PAY.ON Payments Gateway from ACI Worldwide.
  • Entersekt announces original equipment manufacturing agreement with transaction processing specialist, Global Kinetic.
  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • BBVA to leverage mobile accounting opening technology from Oracle Communications.
  • GMC Software awarded the Xplor Application of the Year Award.
  • Striata named a Visionary in Gartner Magic Quadrant for Customer Communication Software.
  • Signifyd joins Salesforce Partner Program.

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

  • 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

  • IBM Goes Behaviorally Biometric with New Additions to Trusteer Pinpoint Detect
  • DemystData lands $7 million round.

Around the web

  • New office in Sydney marks TradeShift’s expansion to Australia and New Zealand markets.
  • Bill.com partners with Quicken Loans, driving speculation the two will work on digital billpay.
  • Marqeta to deploy its network tokenization technology to make it easier to use payment cards with Apple Pay.
  • Signifyd teams up with Accertify to improve anti-fraud protections and reduce chargeback costs.
  • Free Enterprise highlights the biometric technology of Best of Show winner EyeVerify.
  • Personal Capital Appoints Eric Weiss as Chief Marketing Officer
  • NuData to power behavioral biometric security for Early Warning’s Zelle.

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

  • H2 Ventures and KPMG Unveil 2016 Fintech 100

Around the web

  • Signifyd to power fraud protection for Magento Commerce platform’s online merchants.
  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Handpoint expands agreement with PaySafe to power EMV POS.
  • YoYo Wallet expands focus to U.K.’s high street retailers, with partnerships between Planet Organic, Fernandez & Wells and Hummus Bros.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • TSYS signs payments agreement with Optal Financial Limited.
  • Bluefin Payment Systems launches cloud-based hosting option for its Decryptx PCI-validated P2PE product through Amazon Web Services.
  • Socure launches revamped Digital Identity Dashboard.
  • Civic expands focus from 2FA to Secure Private Login.
  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • FIS to provide reconciliation solution to U.K.-based Raphaels Bank to facilitate access to faster payments.
  • PayStand offers payment certification and notarization for its customers via the blockchain.
  • PrivatBank adds fund-transfer functionality via iMessage to its Privat24 mobile banking app.
  • ThetaRay unveils its analytic platform for fraud detection, THETA.

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.

Signifyd Raises $19 Million in New Funding

signifyd_homepage_september2016

E-commerce anti-fraud innovator Signifyd has locked in an investment of $19 million from American Express Ventures, Menlo Ventures, and TriplePoint Capital. The funding, which takes Signifyd’s total to $50 million, will help the company grow its infrastructure and continue to enhance its machine learning technology.

American Express Ventures partner Rohit Bodas emphasized both Signifyd’s commitment to state-of-the-art technology as well as the Palo Alto-based startup’s confidence in its technology in discussing his firm’s decision to invest. “By leveraging machine learning and providing a 100% guarantee, Signifyd is making it possible for even the smallest merchants to combat fraud and achieve measurable cost savings in the process,” Bodas said.

signifyd_stage_fs2013b

Signifyd co-founder and CEO Rajesh Ramanand demonstrated Guaranteed Payments at FinovateSpring 2013.

Signifyd’s anti-fraud solution leverages the power of the “social graph” and what it says are “thousands of different data points” to help ensure that online consumers are who they say they are. The technology provides merchants with a clear “Accept or Decline” judgement on transactions, and assumes liability for any transaction that is incorrectly determined to be fraudulent. Signifyd says merchants can realize margin gains of 20% and enjoy cash-flow predictability from the company’s 100% financial guarantee alone. Signify serves more than 5,000 e-commerce companies, including major retailers like Peet’s Coffee & Tea and Lacoste.

Founded in 2011 and headquartered in Palo Alto, California, Signifyd demonstrated its Guaranteed Payments technology at FinovateSpring 2013. Earlier this year, Signifyd unveiled a fraud-protection app for Magento Marketplace, and was featured in a March 2016 column from TechCrunch called, “The rise of APIs.” Named one of the best places in the area to work by San Francisco Business Times this past spring, Signifyd began the year extending its integration with Shopify Plus and added CyberSource founder Bill McKiernan to its board of directors.

Finovate Alumni News

On Finovate.com

  • Signifyd Raises $19 Million in New Funding
  • Read All About It! FinovateFall 2016 in the Press

Around the web

  • BBC America features Daon in a look at how biometric technology is replacing the password. Video of Daon’s FinovateFall 2016 debut will be available soon.
  • Klarna partners with retail giant Arcadia to provide “buy now, pay later” shopping for U.K. consumers.
  • ACI Worldwide earns 2016 Swift accreditation for its money-transfer system.
  • Jack Henry & Associates announces full integration of Banno Mobile.

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

  • “Social Trading Company ayondo Appoints New CFO Prior to Reverse Takeover IPO”
  • “Ignite Sales Taps Ex-Fiserv SVP as New CEO”
  • “VoicePIN Launches New SaaS Model for SMEs”
  • “Realty Mogul Reaches $200 Million in Funded Real Estate Transactions”

Around the web

  • Markit adds Federal Republic of Germany to derivatives trade-management service.
  • FIS introduces Banking by Appointment with TimeTrade.
  • Zopa partners with UNSHACKLED.com to offer cell phone financing.
  • RegTech event sponsored by BBVA features presentation by Ayasdi.
  • Infosys wins five-year contract with Commerzbank.
  • Temenos welcomes new core banking client, BMO Asia Pacific.
  • Fiserv adds ten years to its loan processing, private-label credit partnership with John Deere Financial.
  • Buzz Points and Xtend partner to provide new loyalty rewards program to credit unions.
  • Bloomberg features TradeSafe, a distributed ledger from Standard Chartered and DBS Group that uses Ripple.
  • eSignLive unveils new UX featuring responsive design.
  • TechCrunch column on APIs features Signifyd, Plaid, and Twilio.
  • The Law of Startups interviews B.J. Lackland, Lighter Capital CEO.
  • WorkFusion earns recognition from Gartner in its “Cool Vendors in Smart Machines” 2016 report.
  •  Guardian Analytics introduces a certification program to help fraud examiners become familiar with the Guardian Analytics platform.
  • Crowdfund Insider interviews Emmanuel Marot, LendingRobot CEO.
  • Comarch launches prototype of wealth management app for virtual reality.

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.

San Francisco Business Times Ranks 4 Alums Among the Area’s Best Places to Work

The Bay Area is one of the hottest cities in tech right now, and with a city full of companies vying to hire the best talent comes plenty of competition in the form of job perks. The San Francisco Business Times recently released its list of the best places to work in the Bay Area in 2016.

The 125 companies that made the list were selected from a group of 400 nominees. Quantum Workplace created the rankings from survey data received from employees of nominated companies. The rankings are numeric, based on Quantum’s scoring process.

Four Finovate alums in four categories made the list:

Category: largest companies

Intuit

Rank: #4 in largest companies
2015 rank: #6 in largest companies
Founded: 1983
Best perks:

  • 8 weeks of paid parental leave
  • Subsidized rates for child care and elder care
  • Programs for pet-sitting and dog-walking

Intuit’s Mint demoed at FinovateSpring 2013 and its developer group presented at our 2015 FinDEVr event on the West Coast.


Category: large companies

Gusto (formerly ZenPayroll)

Rank: #5 in large companies
2015 rank: #1 in small companies
Founded: 2011
Best perks:

  • A ticket to visit anywhere in the world after an employee’s one-year work anniversary
  • New-hire workshops that expose employees to all aspects of the organization
  • Bimonthly meetings that openly discuss Gusto’s growth and financial situation

Gusto demoed (as ZenPayroll) at FinovateSpring 2014:


Category: mid-size companies

WePay

Rank: #20 in mid-size companies
Founded: 2009
Perks:

  • Free lunch and snacks
  • Gym membership
  • Family ski trip for all employees and their families

WePay demoed at FinovateSpring 2014


Category: smallest companies

Signifyd

Rank: #7 in smallest companies
Founded: 2011
Perks:

  • Catered lunch
  • Specialized coffee
  • Game room

Signifyd demoed at FinovateSpring 2013

To see the newest in fintech from the Bay Area, check out FinovateSpring, which comes to San Jose on May 10 & 11. Tickets are going fast so register soon.

Finovate Alumni News

On Finovate.com

  • Where are they now? A look at FinovateSpring 2015 Best of Show Winner Successes.
  • “PayPal Marks U.K. Rollout of PayPal Credit with Interest-Free Financing”

On FinDEVr.com

  • “FICO Launches Score Simulator, Adds New CIO Claus Moldt”

Around the web

  • ebankIT shares top honors with Kerv at Temenos Innovation Jam.
  • Top Image Systems inks $115,000 accounts-payable deal with unnamed U.S. technology company.
  • Xceed FCU transitions to Fiserv-hosted DNA account-processing platform.
  • INETCO powers BECU’s omnichannel monitoring and analytics solutions that won the Celent Model Bank Award in the omnichannel category.
  • Red Herring Europe names Featurespace a Top 100 company.
  • Backbase powers Altyn-i, a new digital bank in Kazakhstan.
  • “Signifyd Launches Fraud Protection App for Magento Marketplace”

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.