Finovate Alumni News

On Finovate.com

  • “CAN Capital’s CAN Connect APIs Now Offer iPayment Merchants Access to Funds”
  • “Lenny Loves Dwolla: Digital Payment Network Helps Bring Microloans to Millennials”
  • “BankersLab Closes on Undisclosed Amount in Angel Funding Round” Come to FinovateEurope 2016 to see their live demo.

Around the web

  • TransferWise chooses UP Framework from ACI Worldwide to enhance its ability to grow network and add payment types.
  • Fenergo launches its Data Integration Manager, integrates with Avox, Omgeo, and Clariet Global.
  • Pakistan’s Habib Bank (HBL) to implement FusionBanking Corporate Channels from Misys.
  • TechCrunch interviews CEO Jeff Lawson of Twilio.
  • ThetaRay CEO Mark Gazit talks about the cyber attacks of the future for Infosecurity Magazine.
  • Coinbase to offer volume-based rebates for trades placed on Coinbase Exchange starting next week.
  • Kony launches Mobile Field Service solution to help enterprises mobilize and modernize their field service operations.
  • Microsoft’s Azure blockchain-as-a-service partners with Ripple, now operating a Ripple validating node for Ripple’s bank users.

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.

 

ThetaRay Lands $5 Million Investment from Alibaba, Partners with PwC

Thetaray_homepage_Dec2015

Israeli anti-fraud and cybersecurity specialist ThetaRay has locked in a $5 million investment from Chinese e-commerce titan, Alibaba. The investment is part of a larger $20 million round-in-progress that includes participation from General Electric, Jerusalem Venture Partners, and Poalim Capital Markets, along with other investors.

ThetaRay’s technology specializes in detecting and preventing advanced persistent threat (APT), which is a type of network attack designed to steal information rather than simply destroy or damage a network or organization. The company’s solution also works against “zero-day” attacks—attacks via security vulnerabilities unknown to the vendor—within minutes of detection.

Thetaray_stage_FF2015

Pictured: ThetaRay VP of Product Udi Solomon demonstrated the ThetaRay platform at FinovateFall 2015 in New York.

ThetaRay this week announced a new partnership with PwC, a global advisory firm specializing in audit and assurance, tax, and consulting services. The Global Joint Business Relationship will make ThetaRay technology a part of PwC’s advanced data-analytics service, and is PwC’s first with an Israeli cybersecurity firm.

“Using ThetaRay’s technology, we can help businesses utilize existing big data to discover opportunities, mitigate risks and increase revenues and profitability,” said Yaron Blachman, PwC Israel’s leader of technology and forensics consulting.

Founded in April 2013, with offices in Israel and the U.S., ThetaRay demonstrated its fraud and credit risk solution at FinovateFall 2015. The company was named “Most Innovative Industrial Internet Technology” at the Minds + Machines 2015 Conference sponsored by General Electric.

 

Finovate Alumni News

On Finovate.com

  • Check out this week’s edition of FinDEVr APIntelligence, featuring news from Fidor Bank, the Open Bank Project and more.
  • “Finovate Alums Raise More Than $1 Billion in Q3 2015″

Around the web

  • TickSmith wins FIA Innovator Award for its TickVault Platform.
  • Inc. talks with Stuart Frankel, CEO and co-founder of Narrative Science.
  • Colorado Biz lists OnDeck as one of the “Best Companies to Work for in 2015.”
  • Zacks features six Finovate alums in its roundup of “7 FinTech Startups You Need to Know About.”

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.

ThetaRay Presents its Fraud and Credit Risk, Big Data Analytics Program

ThetaRayThis post is part of our live coverage of FinovateFall 2015.

Our next demonstration is from ThetaRay.

Unmatched, anomaly-detection rates delivering usable indicators to increase efficiency and accuracy; industry-low false-positive rates allowing organizations to focus their experts on the events that count; rule-free, unsupervised, non-heuristic protection against next-generation attacks and predicting the unexpected; math-based, big-data analytics ensuring organizations achieve quantitative results they can trust; automatic, real-time detection to instantly transform data into business insights; easy and fast deployment that is always up-to-date, retaining the relevance and competitive advantage of organizations’ data.

Presenter: ThetaRay’s VP of Product, Udi Solomon

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Product launch: April 2015

Metrics: $10 million raised Round A funding, August 2014; 28 employees
Product distribution strategy: B2B, via financial institutions and other fintech companies

HQ: Israel and United States
Founded: April 2013
Website: thetaray.com
Twitter: @ThetaRayTeam

Finovate Alumni News

On Finovate.com

  • “What’s Trending at FinovateFall?”

Around the web

  • PayPal’s new PayPal.me gives users a customized URL to request money.
  • BigRentz and Kabbage partner to offer equipment-rental financing.
  • Forbes: “PayPal’s Small Business Lending ‘Accelerating‘ On The Way To $1 Billion”
  • EVO Payments purchases Citigroup’s merchant-acquiring business in Mexico.
  • ThetaRay launches its new credit-risk model for online lenders. See ThetaRay at FinovateFall 2015 in September.
  • Boku sells its pay-by-call business to DaoPay.
  • YA partners with InComm to enhance client program delivery.
  • Expensify now enables users to import Items from QuickBooks Online and use them in place of categories for expenses on policies.
  • Kony opens new company headquarters in Austin, Texas.
  • Adobe’s mobile marketing platform is combining Adobe Analytics and Adobe Target, to help app developers and marketers better understand, attract, and retain users. Come see Adobe’s live demo at FinovateFall.
  • itBit adds former NYDFS general counsel Danny Alter as chief compliance officer and general counsel.
  • First Internet Bank unveils Eyeprint ID authentication from EyeVerify for its mobile banking 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 Alumni News

On Finovate.com

  • “New Investment for Dealstruck Boosts Lending Capital to More Than $100 Million”
  • “Hypori Introduces Seamless App Mode in Latest ACE Product Suite Release”; see Hypori live in New York at FinovateFall 2015.

Around the web

  • DoubleNetPay co-founder and CEO weighs in on retirement planning in Employee Benefit News.
  • Bank Innovation: CurrencyTransfer is preparing for a “major funding round.”
  • TransferWise announces support for Apple Pay.
  • PayPal unveils six new features for its invoicing service.
  • ThetaRay opens up its first office in the U.S. See ThetaRay at FinovateFall 2015 in New York.
  • Expensify introduces new travel-and-expense platform with new integrations and partnerships.
  • TransferTo and PayPal partner to enable mobile top-up in Canada.

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.