Finovate Alumni News

On Finovate.com

Around the web

  • Kofax closes acquisition of Top Image Systems.
  • Silicon Canals lists Kantox among 10 hottest Barcelona fintech startups to work for in 2019.
  • PYMNTS interviews Entersekt’s country manager of Canada Christian Ali.
  • Tunisian bank selects Temenos to drive digital transformation and future growth.
  • Diebold Nixdorf expands partnership with Belgian-owned Belfius Bank and Insurance to improve the UX for the bank’s 3.5 million consumers.
  • BlueVine and Nationwide partner to launch Pitch to Win small business contest with $100,000 prize.
  • Kabbage partners with the Building Trades Employers’ Association to provide members, specifically women and minority-owned business contractors, access to funding.
  • Micronotes sees triple-digit YOY client growth in Q1 2019

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

  • Gusto Teams with Trainual to Automate Job Role Training.
  • Finovate Global: Finn AI Powers Chatbots in South Africa; Token Drives Open Banking in MENA.

Around the web

  • Green Dot helps Walmart customers move more than $2 billion through the program’s virtual Vault savings program.
  • Top Image Systems shareholders approve acquisition by Kofax.
  • BuyerQuest joins the Tradeshift platform as an app partner.
  • American Banker highlights how PayNearMe helps marginalized cash users partake in ecommerce.
  • Trustly grows to 300 employees.
  • Silicon Canals features SumUp, Aire, Revolut, and Zopa in its list of top fintech companies to work for in London.
  • Ripple, IBM, SWIFT and nearly 100 other organizations launch the International Association of Trusted Blockchain Applications (INATBA).
  • Forrester Research recognizes bpm’online as a “strong performer” in digital process automation for wide deployments in Q1 of this year.

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.

Kofax Agrees to Acquire Top Image Systems

Intelligent automation software platform Kofax announced today that it has agreed to acquire intelligent content processing solution provider – and fellow Finovate alum – Top Image Systems (TIS)

The deal, financed entirely with cash on Kofax’s balance sheet, will give TIS shareholders $0.86 per share in cash, representing a 65% markup on Top Image Systems’ volume weighted average price over the past 30 trading days.

Final closing of the transaction is subject to a vote by TIS shareholders – expected early this year – as well as required regulatory approvals.

“We are pleased to announce this transaction with Kofax,” Top Image Systems CEO Brendan F. Reidy said. “The transaction will allow Top Image Systems to continue to provide its innovative content processing and remittance solutions to our customers while benefitting from the substantial resources of Kofax and Thoma Bravo.”

“TIS customers will enjoy single-vendor access to Kofax’s Intelligent Automation solutions that deliver increased efficiency, enabling the human and digital workforces of tomorrow,” Kofax CEO Reynolds C. Bish said. “Leveraging TIS’ SaaS expertise will assist us as we further advance the secure cloud capabilities of our end-to-end Intelligent Automation platform.”

Kofax demonstrated its KYC Automation with RPA solution at FinovateSpring 2016. Founded in 1985 and headquartered in Irvine, California, the company spent $400 million in cash to purchase the imaging division of Nuance back in November. Kofax earned a spot on the Constellation ShortList for Robotic Process Automation last August and in July, the company entered a sales agreement with JIEC to provide RPA and digital transformation solutions.

Kofax was acquired by Lexmark in 2015 in a billion dollar deal. The company was bought by private equity firm, Thoma Bravo, two years later.

Headquartered in Tel Aviv, Israel, Top Image Systems was founded in 1991. The company demonstrated its eFLOW Intelligent Capture solution at FinovateAsia 2018. Back in October, the company announced that Allied Bakeries would use its eFLOW AP for SAP for centralized, automated invoice processing. Earlier in the year, Top Image Systems partnered with a leading Japanese personal care company to provide the firm with its eFLOW Extract accounts payable solution.

Finovate Alumni News

On Finovate.com

  • Finovate Alums Shine in 2019 Forbes Fintech 50 Roster.

Around the web

  • Mirror Review features Neener Analytics founder and CEO, Jeff LoCastro on small data and social media analytics.
  • Connecticut’s Guilford Savings Bank to deploy technology from Jack Henry & Associates.
  • BioMetric Signature ID to integrate identity verification technology from Mitek to provide authentication for its BioProof-ID solution.
  • Business Intelligence Group honors Jumio as part of its 2019 BIG Innovation Awards.

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.

FinovateAsia Sneak Peek: Top Image Systems

FinovateAsiaA look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Top Image Systems (TIS)’s eFLOW Intelligent Capture is designed to operate in high-volume situations, regardless the scale of most companies’ non-structured data capture challenges.

TIS’ eFLOW Intelligent Capture provides data extraction with machine learning, a branch of AI, and dynamic redaction – it helps companies thrive in the digital age.

Why it’s great
TIS’ eFLOW Intelligent Capture is able to manage the broadest collection of content formats and sources. Its configurable platform is able to address ever-changing business needs over time.

Presenters

Wei Hao Goh, Head, Technical Account Manager
Providing thought leadership to operation leaders across various industries, Goh leverages his expertise in intelligent document content capture and processing to help firms succeed on a global scale.
LinkedIn

Jimmy Chim, Technical Account Manager
With over seven years’ experience improving operational processes for firms across industries, Chim excels in planning strategic directions, while managing the implementation of complex solutions.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Klarna Rakes in $20 Million in Fall Funding Round

Around the web

  • Entrust Datacard named Employer of Excellence.
  • Ayondo expands B2B offering in Asia with a new white label deal.
  • Tradeshift appoints Silicon Valley veteran as its First CLO, CCO.
  • eToro cuts crypto costs to support mass adoption.
  • Roostify announces bidirectional integration with Ellie Mae’s Encompass digital mortgage 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

  • Agreement Express Signs Deal with Independent Financial Partners.
  • MX to Power Ent Credit Union’s Money Insight Tool.
  • Check out a sneak peek of these upcoming FinovateAsia demoing companies:

Around the web

  • Jumio wins gold in Access Compliance and Risk Management Innovations in 2018 Golden Bridge Awards
  • Allied Bakeries selects Top Image Systems’ eFLOW AP for SAP for centralized, automated invoice processing.
  • SMART VALOR joins Enterprise Ethereum Alliance (EEA).

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

  • Personetics Scores Minority Stake Investment from United Overseas Bank.
  • StockViews Announces New Investment from Fuel Ventures.
  • CardFlight Teams with BoomTown.

Around the web

  • Entersekt partners with the GSMA to offer Mobile Connect to institutional clients.
  • Bpm’online earns recognition as a Challenger in Gartner’s 2018 Magic Quadrant for Sales Force Automation.
  • Finastra hires former Laing O’Rourke executive Gareth Burton as its new Chief Information Officer.
  • Fintech News Switzerland interviews 3rd-eyes CEO Rodrigo Amandi.
  • Exate Technology and Xero sign on to PwC’s She Can Charter initiative to increase the number of women in technology.
  • ProgrammableWeb features three new APIs from Hydrogen in its Daily API Roundup.
  • Wipro credits its banking financial services and insurance business, as well as its consumer business unit, for strong quarterly revenue growth.
  • Optimove announces new Chief Operating Officer, Yarden Malta, formerly of Earnix.
  • Top Image Systems appoints John London as Interim Chief Financial Officer.
  • Find Biometrics explores BehavioSec’s commitment to PSD2 compliance
  • AlphaPoint powers new exchange platform, matching engine, and real-time settlement exchange for SeACrypto.
  • Ephesoft named one of the 2018 Best Places to Work in Orange County.
  • Bloomberg features Crypterium. Come see Crypterium’s demo at FinovateFall this September.

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

  • Payfone Receives $23 Million in Funding from Synchrony Financial.
  • Clinc Tops $4.5 Million in Annual Revenue; Hires Helen Yu as Chief Growth Officer.
  • Payworks Completes $14.5 Million Series B Round.
  • Bankjoy Brings New Online and Mobile Banking System to SafeAmerica Credit Union.
  • Placecast Acquired by Ericsson’s Emodo.

Around the web

  • GreenKey Technologies to release its voice API through OpenFin’s plugin architecture
  • TipRanks offers stock tracking tool to manage investments and maximize returns.
  • Worldline selects VMware to accelerate innovation and time to market.
  • Japanese personal care company selects Top Image Systems’ eFLOW Extract accounts payable solution.
  • Kestra Financial to offer eMoney Advisor’s financial planning platform to its advisors.
  • TIBCO ranked first in Dresner Advisory Services 2018 Location Intelligence Market Study.

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

  • Ledger Partners with Intel to Boost Blockchain App Security.
  • BioCatch to Power Behavioral Biometrics for Samsung SDS America.
  • Clinc Teams with Enacomm to Bring AI Chatbots to Small Banks and Credit Unions.
  • Finn.ai Powers Facebook Messenger’s First, Fully-Featured, AI-Powered, Virtual Banking Assistant.

Around the web

  • PayPal launches PayPal for Marketplaces
  • Forbes: Banks Wanted To Sink Kantox— Now They’re Vying For Its Technology
  • Zumigo’s  Zumigo Assure now prevents payment fraud even when card numbers are compromised.
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Finicity launches online platform that allows lenders to order, manage and monitor digital verification reports.
  • DAVO’s Sales Tax App, now available in the Square App Marketplace.
  • D3 Banking partners with P2P payments network, Zelle.
  • Behavioral biometric technology from BioCatch to be integrated into Samsung’s Nexsign platform.
  • Top Image Systems introduces its eFLOW AP solution for SAP.
  • Zafin offers its miRevenue platform as a cloud-based SaaS solution.
  • Scalable Capital provides BlackRock employees with streamlined access to its investment management services.

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.