This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Capture-as-a-Service Specialist EphesoftPartners with Malaysia’s Alliance Bank
TinkoffLaunches Super App, Integrating Finance, Leisure, and Lifestyle
Around the web
Trulioobrings its identity verification service to Nigeria and Ghana.
ID.meintroduces new solution to help businesses to comply with California’s Consumer Privacy Act (CCPA).
Greece’s Pancreta Bank partners with Finastra to enhance regulatory compliance.
ThetaRaytaps Edward Sander as its new Chief Product 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.
EVERFI and Zelle Partner to Boost Youth Financial Literacy.
Around the web
Tradeshiftpartners with Wax Digital to launch a procurement tool called web3.
Trilogy Health tapsTuition.io for student loan repayment assistance.
Non-bank payment service provider CreDec enables users to create a Virtual Account within their Xero platform account.
ThetaRaynamed a “Rising Star” in Chartis Research’s 2020 RiskTech 100 report.
Jack Henry & Associatesnamed a “Top Workplace in the Dallas-Fort Worth Area” by The Dallas Morning News for the second time.
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.
eToro’s Latest Acquisition Boosts its Crypto Presence
IBM and Bank of America Partner on Public Cloud for Financial Services
Around the web
DefenseStormnames Chief Revenue Officer Steve Soukup as its new President.
NICE Actimizeintroduces its new Federated Learning capability that offers higher fraud detection via Collective Intelligence.
Fiservinks global agreement with German grocery industry leader ALDI.
GoCardless to use TransferWise’s API, TransferWise for Business product, and provide TransferWise’s FX rates to its customers.
PayKeyformsSBI PayKey Asia, a joint venture with SBI Holdings that will support the sales and market launch of PayKey across the region.
ThetaRaytaps Moran Goldwein as SVP for Human Resources.
Infinex to integrateJemstep’sAdvisor Pro to deliver digital advice to Infinex’s client firms.
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.
Join us in October as our annual Asia-Pacific fintech conference returns to Singapore! FinovateAsia is one of the best ways for fintech startups and innovative industry veterans from the region and around the world to showcase their latest technologies before an audience of C-level decision-makers, venture capitalists, all-star analysts, and more.
For information on how to participate in FinovateAsia as a demoing company, partner, or sponsor, send us an e-mail and we’ll tell you everything you need to know.
Latin America and the Caribbean
Konfio, a Mexican financial services and credit assessment platform for SMEs, picks up $100 million secured credit facility from Goldman Sachs.
Clinc’s Conversational AI Gives Voice to New App from Singapore’s OCBC Bank.
Finovate Global: ThetaRay Opens Mexico City Office; Dubai’s Foloosi Turns to KSA for Expansion.
Around the web
Meniga to enable consumers to donate cashback from their Meniga Rewards app to help combat climate change.
Mambuforges partnership with Swiss online lender bob Finance.
We Write Code joinsDwolla’s Partnership Ecosystem.
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.
Arival BankNets $2.3 Million in Equity Crowdfunding Campaign.
Winners Circle: Finovate Honors Fintech’s Finest with New Awards Series.
Around the web
Cinchyvoted “Top Pick” for TechCrunch Disrupt SF 2019 and selected as a CIX Top 20 company for 2019. Check out Cinchy’s upcoming demo at FinovateFall later this month!
Nomis Solutionsexpands presence in the Midwest with the opening of a Center of Excellence in Cleveland, Ohio.
WePaylaunches same-day deposits to Chase bank accounts for free.
Blackhawk Networkappoints Harel Kodesh as chief technology officer.
Lendio Southwest Michigan franchise opens to offer funding to local businesses.
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.
VymoReels in $18 Million for its Intelligent Sales Assistant.
Around the web
Deal sealed: Fiservcompletes acquisition of First Data.
Visaannounces strategic partnership with SME banking service Open.
eToroenables retail customers to invest in drone technology via its latest portfolio.
iGTB to enhance trade finance operations for two Raiffeisen banks, Niederosterreich-Wien and Landesbank Steiermark.
CREALOGIX to power new consumer digital investment platform from MeDirect Group.
JP Morgan Chase ends loan origination partnership with OnDeck.
ThetaRaybrings on Idan Keret as Chief Customer Success Officer.
GreenDotoffers customers 3% cash back on online and in-app purchases and a savings account paying 3% APY.
Fintech Finance interviews Olga Feldmeier, Smart Valor CEO.
Redrock Biometricssecures a perfect score in Level 1 Presentation Attack Detection confirmation testing by iBeta.
SpyCloudexpands into Europe, the Middle East, and Africa.
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.
BeSmarteeannounces direct integration with real estate document collaboration and recording technology solution provider Simplifile.
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.
Ping Identity and TIBCOPartner to Provide Advanced API Security Solutions
Around the web
ThetaRaywins the Software & Applications – Analytics category of the 2019 Fortress Cyber Security Awards.
Artivestappoints Karl Jaeger as Chief Financial Officer.
Arkansas Money & Politics features Finovate Best of Show winner Invest Sou Sou.
Beyond Protection highlightsEnzoic in its list of top leading cyber security solution providers.
Onfido to help lead new identity verification and binding working group of The Fido Alliance.
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.
A new strategic investment from ABN AMRO Digital Impact Fund “strengthens the current operational relationship” between the bank and Israel-based cybersecurity innovator ThetaRay, fund director Hugo Bongers said today. The investment, amount undisclosed, adds to the company’s reported $66.5 million in funding.
ThetaRay leverages its big data analytics platform and solutions to provide advanced cybersecurity and risk mitigation for financial services companies. The company, founded in 2013, demonstrated its technology at FinovateFall 2015, and showed how its approach to anomaly detection provides protection against unknown, next generation cyberattacks while delivering low-false positives. ThetaRay’s IntuitiveAI platform helps spot money laundering activity, fraud, and dangerously risky loans, as well as helps firms become more efficient operationally and identify new potential growth areas.
“We’re very proud that ABN AMRO, a customer that benefits from ThetaRay’s intuitive artificial intelligence technology to combat financial cybercrime and operational failures, has now also become an investor,” ThetaRay CEO Mark Gazit said. He praised the company as a “visionary” that recognizes the role of AI-enabled technologies to help financial services companies better serve their customers. “We see ABN AMRO Digital Impact Fund as a true partner for creating a safer world,” Gazit said.
ThetaRay is not the first Finovate alum to receive funding from ABN AMRO Digital Impact Fund. The €50 million corporate venture entity has also invested in Tink, BehavioSec, and Cloud Lending Solutions. The strategic nature of the firm’s investment in ThetaRay, however, brings with it specific dividends, according to Bongers. “ABN AMRO stands to benefit from access to the Israeli ecosystem of cybersecurity and financial crime detection firms, as well as the leading venture capital investors operating in this business, such as JVP (Jerusalem Venture Partners) and OurCrowd,” he said.
Named one of 10 Security Startups to Watch by Network World earlier this year, ThetaRay was honored by the 2019 Fortress Cyber Security Awards last month, earning recognition in the Software & Applications category. The company added veteran marketing talent in May, hiring former Arachnys and Axioma executive Steve Mann as its new CMO.
Klarnaexpands its UK operations with a new office in Manchester.
INTELid.io to integrateValidSoft’s voice biometrics into its private digital identity blockchain.
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.
Fundopolis Turns toAlphaPoint for Tokenization Initiative.
Around the web
Mastercardpartners with Samsung Electronics to develop mobile digital verification solutions.
YellowDogappoints James Stevens as its new Chief Commercial Officer.
Chile’s largest acquirer Transbank to deployUP Retail Payments solution from ACI Worldwide.
ThetaRayadds Steve Mann as Chief Marketing Officer.
Spectrum Equity closes sale of Ethoca to Mastercard.
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.
