Finovate Alumni News

On Finovate.com

  • Finn AI Closes $11 Million Series A.
  • Plaid Signs Open Banking Agreement with JPMorgan.
  • Moven Enterprise Goes Global.

Around the web

  • Klarna pairs up with Rancourt to let shoppers pay over time.
  • Credit Karma launches new personalized shopping experience.
  • Temenos ramps up AI efforts to power its digital banking platform.
  • Feedzai launches AI-powered Feedzai Genome to help users visualize and fight financial crime.
  • Jumio stays ahead of fraudsters with certified 3D liveness detection.
  • Clover announces additions to its Partner Portfolio with enhanced integrations with Nav, AP Intego Insurance Group, and Gusto.
  • Ayondo forms white label agreement with Phnom Penh Derivative Exchange to provide TradeHub for derivative brokers trading CFDs for PPDE’s clients in Cambodia.

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 Global: Fintech News from Around the World

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.

Asia-Pacific

  • MoneyTap, DLT-based payment app developed by SBI and Ripple goes live in Japan.
  • Indonesia’s biggest telecommunications company, Telkomsel, picks Kinetica to support its accelerated analytics, location-based visualization and AI.
  • Ayondo expands B2B offering in Asia with a new white label deal.
  • First Circle, a lending platform for SMEs based in the Philippines, has raised $26 million in new funding.

Sub-Saharan Africa

  • Daon Inks Deal with South Africa’s Capitec Bank.
  • Commercial Bank of Ethiopia deploys UP Retail Payments from ACI Worldwide.
  • Ivory Coast subsidiary of Togo-based Banque Atlantique goes live with Temenos’ T24 core banking system.

Central and Eastern Europe

  • Sberbank customers can now add “cash postcards” – automated images with sound – to their money transfers.
  • Payfone partners with Orange to fight identity fraud in four new global markets, including Poland and Romania.
  • Ukraine’s Akhmetov Bank leverages Corezoid’s cloud-based operating system.

Middle East and Northern Africa

  • Daon partners with Akbank, making the Turkish bank the first in the country to deploy facial recognition technology for mobile banking authentication.
  • Alcazar Capital Limited (ACL) to launch $100 million global fintech fund in collaboration with Fintech Consortium’s InQvest Partners.
  • Abu Dhabi Securities Exchange launches Sahmi, a new integrated digital platform for individual investors.

Central and South Asia

  • Bank of Punjab, based in Lahore, Pakistan, implements core banking technology from Oracle.
  • Entrepreneur.com considers the effect Indian fintechs have made on financial inclusion in India.
  • VC Circle looks at the rise in investment in insurtech innovators like India’s PolicyBazaar.

Latin America and the Caribbean

  • Brazilian challenger bank Nubank raises $180 million in funding.
  • UniBank Panama to implement biometric authentication technology from Ipsidy.
  • COK Sodality Co-operative Credit Union (COKCU) of Jamaica to modernize its core processing technology courtesy of a new partnership with Smart Solution.

Top image designed by Freepik

 

Temenos Partners with Australia’s Uniting Financial Services

Uniting Financial Services (UFS), a non-profit entity based in Australia, has signed for a range of Temenos’ solutions, to be delivered in the cloud, reports Tanya Andreasyan of FinTech Futures (Finovate’s sister publication).

The new multi-year deal builds on an existing relationship between UFS and Rubik Financial, a local distributor of Temenos’ tech (Rubik Financial was acquired by Temenos last year and merged into the company). UFS initially signed for T24, to be delivered on a hosted basis by Rubik, in 2013, FinTech Futures understands.

Under the new agreement, UFS will implement Temenos’ T24, analytics, channels, financial crime mitigation and risk and compliance software, all delivered on the Microsoft Azure cloud.

With over $1.2 billion (AU$1.7 billion) in funds under management, UFS provides treasury and ethical investment services to the Uniting Church in Australia’s Synod of NSW & the ACT including its Congregations, Presbyteries and various Church Agencies.

“At UFS we are committed to evolving our services and solutions to best support the needs of our investors and borrowers,” Uniting Financial Services CEO Warren Bird said. “Investing in innovative, flexible and modern technologies, and working with key partners such as Temenos is an important part of this approach.”

Temenos’ Managing Director for the Asia-Pacific, Martin Frick, pointed to the rise of open banking as another reason for partnerships with organizations like Uniting Financial Services. “With Open Banking poised to become a reality in Australia in 2019, we are seeing customers like UFS invest in digital transformation both to achieve operational excellence and improve customer service,” Frick said.

Temenos demonstrated its Temenos Connect Mobile Banking solution at FinovateEurope 2015. Earlier this month, the Geneva, Switzerland-based company announced the completion of a major technology upgrade for Baltic International Bank. Also in October, Temenos announced upcoming deployments of its T24 core banking system at Cameroon’s largest bank, Afriland First Bank and at Tunisia’s Banque de l’Habitat.

Founded in 1993, Temenos is listed on the Swiss Stock Exchange under the ticker “TEMN,” and has a market capitalization of more than $12 billion. More than 3,000 companies around the world, including 41 of the top 50 banks, use solutions from Temenos to process the daily transactions of 500+ million banking customers.

Finovate Alumni News

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.

Finovate Global: Fintech News from Around the World

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

Finovate Alumni News

Around the web

  • OutSystems announces release of version 11 of its low-code development technology to help IT leaders solve legacy system gridlock.
  • Fidelity and Finicity reach customer data sharing agreement.
  • Cameroon’s biggest bank, Afriland First Bank, to deploy Temenos’ T24 core banking platform.

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

  • Hydrogen, TD Bank Partnership Drives DIY Financial Planning.

Around the web

  • Hackney London Borough Council leverages technology from OutSystems to enhance its digital services.
  • NCR inks partnerships with a trio of credit unions: Parsons FCU of California, Educators Credit Union of Texas, and AERO FCU of Arizona.
  • Anorak to provide life insurance advice to users of money management app, Yolt.
  • SaleMove wins top honors at Orion Advisor Services’ Ascent/FUSE 2018 conference. See SaleMove at FinovateFall in New York September 24-26.
  • Varo Money to deploy Temenos’ T24  core banking platform.
  • Digital lending platform Roostify announces its app is now available on the Salesforce AppExchange.

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

  • Chain Rebrands to Interstellar Following Acquisition.
  • Kasasa Unveils New Compliance Solution, RegGen.

Around the web

  • GreenKey and IPC add new co-development agreement to their partnership.
  • TransferWise announces its second profitable year amid annual revenue growth of more than 75%.
  • Praxia Bank of Greece to leverage TemenosT24 core banking system to support its SME lending business.
  • TechCrunch: LendingTree is the secret success story of fintech.
  • Zopa listed for 5th consecutive year in The Sunday Times Tech Track 100.

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

  • Onfido to Enhance New Customer Onboarding for Volopa. See Onfido at FinovateFall in New York, September 24-26.

Around the web

  • bpm’online recognized by CRM Magazine Market Awards 2018 in three categories: Midmarket CRM Suite, Sales Force Automation, and Enterprise CRM Suite.
  • Australian challenger bank Judo Capital to deploy Temenos’ T24 core banking system.
  • Fintech Futures interviews Serena Smith, international payments executive at FIS.
  • PayPal tops 250 million active account milestone.
  • Sai Sundaram, former COO of UBS ODC India, joins FixNix’s advisory board.
  • Smart Valor officially accepted as a financial intermediary.
  • PayPal’s Xoom partners with OXXO to add more than 17,000 new cash pickup locations in Mexico.
  • Kasasa‘s Free Kasasa Cash Rewards Checking offering goes live with Chief Financial Credit Union.

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

  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

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.