TransferWise

Finovate Alumni News

By David Penn Posted on
Categories: BBVA Compass, DoubleNet Pay, Fenergo, InComm, Insuritas, iQuantifi, LendingTree, Mitek, Prosper, Qapital, Realty Mogul, Toshl, Tradeshift, TransferWise, Tuition.io, Uncategorized, Xero

On Finovate.com

  • Xero & TransferWise Team Up to Save SMBs on Foreign Currency Exchange Fees

Around the Web

  • Bloomberg interviews LendingTree founder and CEO Doug Lebda.
  • Nashville Business Journal features iQuantifi and its recent study on millennials and their money.
  • Safeco grants Insuritas “Premier Partner” status.
  • Fenergo appoints former Adobe Systems executive Colm Heffernan to chief operating officer.
  • Mitek launches DoubleNet Pay financial app to help workers pay bills and fund savings. See the technology live at FinovateSpring in San Jose.
  • PYMNTS.com looks at the status of Prosper as tech’s latest “unicorn.”
  • Realty Mogul launches commercial offering.
  • BBVA acquires leading user experience firm Spring Studio.
  • Toshl Finance launches new features with WalletGear 2.0.
  • New York Tech Journal profiles Qapital.
  • InComm Partners with KUBRA to Simplify Cash Payments for Customers.
  • Tuition.io launches flex395.com, an employee-benefits product that enables employers to contribute directly to their employees’ student loans.
  • Air France-KLM to use Tradeshift for global e-invoicing.

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.

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Xero & TransferWise Team Up to Save SMBs on Foreign Currency Exchange Fees

Xero & TransferWise Team Up to Save SMBs on Foreign Currency Exchange Fees
By Julie Muhn (@julieschicktanz) Posted on
Categories: Accounting, Small Business, TransferWise, Xero

XeroTransferWise

Two Finovate alums partnered today to make it easier for small and medium businesses to conduct business abroad.

Xero’s small business users based in the U.S. and U.K. can use the TransferWise add-on to pay invoices in 25 currencies to 46 countries.

When small businesses use the new add-on to send funds from Xero, they avoid bank-commission fees and instead pay TransferWise’s rate (up to 0.5%). Here’s how it works for existing Xero customers:

XeroTransferWiseLogos1) Log into TransferWise to view their outstanding foreign-currency invoices

2) Select the invoice to be paid

3) The rate is locked in for 24 hours, during which time the user must pay the invoice on the TransferWise platform using a debit card or bank transfer

After the payment arrives, the invoice is reconciled on Xero.

New Zealand-based Xero most recently presented at FinDEVr 2014 in San Francisco. The company launched its Business Identification product at FinovateSpring 2011.

London-based TransferWise demonstrated at FinovateEurope 2013 in London.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Asseco, ayondo, BioCatch, blooom, CAN Capital, Dream Payments, EZBOB, PayPal, Rippleshot, Striata, Tradier, TransferWise

On Finovate

  • Dream Payments Raises $6 Million in Funding for mPOS Technology
  • Finovate Debuts: Asseco SEE Brings Real-Time Big Data to Processing to Multichannel Banking
  • EZBOB Raises 3 Million in Private Equity Investment
  • Finovate Debuts: Telenor Banka’s Synergy of Telco and Banking Brings Financial Innovation to Serbia
  • CAN Capital Locks in $650 Million Credit Facility

Around the web

  • Striata acquires Mass Transmit for undisclosed amount.
  • PayPal closes acquisition of Paydiant.
  • Blooom participates in InvestMidwest Venture Capital Forum.
  • ayondo wins “Best Social Trading Program” honors at ADVFN International Financial Awards 2015.
  • Francepertise reviews TransferWise.
  • BioCatch and RippleShot earn 2015 METAwards from the Merchant Risk Council.
  • Tradier sees 35 million+ API calls in March. That’s 47k transactions per hour.

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.

 

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Check Point, Concur, Currency Cloud, CurrencyFair, HedgeCoVest, Kantox, Misys, Moven, Quantopian, Taulia, Telenor banka, Toopher, TransferWise, Venmo, Xero, Yodlee

On Finovate.com

  • Multi-Factor Authentication Specialist Toopher Acquired by Salesforce

Around the web:

  • Moven updates iOS and Android apps for easier views of balance and spending.
  • Concur surpasses 30-million-user milestone.
  • Multi-factor authentication now available for Venmo users on both iOS and Android.
  • Mobile World Live interviews VP of Telenor Financial Services and CEO of Valyou, Viktoria Erngard.
  • FT.com Business & Economy feature on P2P foreign exchange highlights TransferWise, CurrencyFair, Currency Cloud, and Kantox.
  • Misys wins honors in three categories at FStech Awards 2015.
  • HedgeCoVest adds 14 new models to its platform.
  • Business Insider Australia features Xero.
  • Yodlee announces 100% revenue growth in Australia and New Zealand.
  • Check Point to acquire Lacoon Mobile Security for a reported $100 million.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: Azimo, blooom, Bluefin Payment Systems, GMC Software Technology, Google Cloud Platform, Mortgagebot, Nomis Solutions, Prosper, ReadyForZero, TransferWise, TSYS, Wallaby Financial, Xero

On Finovate.com

  • “Finovate Alums Win Leading Vendor Honors from MyPrivateBanking Research”
  • “Last Chance for FinovateSpring Early-Bird Tickets… Save $100″
  • “ReadyForZero Acquired by Avant in Cash and Stock Deal”
  • “Wallaby Launches Wise Bread Rewards Maximizer”

Around the web

  • Nomis Solutions announces new partnership with Tangerine.
  • blooom wins Kansas City’s InnovateHER pitch competition.
  • PYMNTS.com MPD CEO Karen Webster interviews Todd Doherty, TSYS senior director of analytics.
  • Tech City highlights TransferWise and Azimo in its look at the remittance industry.
  • GMC Software named Xplor’s Technology of the Year for its Inspire Dynamic Communications solution.
  • “D+H to Buy Payments Firm Fundtech for $1.25 Billion”
  • Google Cloud Platform launches Cloud Console for Android.
  • Bluefin Payment Systems and Phoenix Managed Networks partner to provide Bluefin’s Decryptx P2PE Solution to clients of Phoenix Managed Networks.
  • Xero reaches 200,000 customers in Australia.
  • Prosper reaches record loan originations for March, surpasses $3 billion in lending.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: Advanced Merchant Payments, Arxan Technologies, Azimo, Bionym, EyeVerify, Holvi, IntelliResponse, Jack Henry, Kashoo, Klarna, Quantopian, SAGE SA, Silanis Technology, Sonavation, Taulia, TIO Networks, TransferWise, Uncategorized

On Finovate.com

  • “CardFlight Unveils EMV-Ready Chip Readers for SwipeSimple”

Around the web

  • Sonavation launches its IDKEY biometric security key that uses 3D Surface Scan Ultrasound technology.
  • CMSWire interviews Michael Laurie, co-founder and VO of product strategy at Silanis Technology.
  • iExpats takes a look at Azimo in a column on the costs of foreign currency transfers.
  • Arxan Technologies Security Solutions architect Matt Clemens talks mobile app security on Federal News Radio.
  • PaymentsSource’s look at “strange mobile security methods” features EyeVerify and Bionym.
  • IntelliResponse wins bronze at 9th annual Stevie Awards for Sales & Customer Service.
  • Jack Henry & Associates to be honored at Cedar Falls Business & Industry Association event.
  • Now Digital Network reviews Kashoo in column on ways to streamline small business accounting.
  • Computing U.K. features TransferWise and its use of big data to drive its social media marketing.
  • The CoinFront reports on Klarna’s “experiments” with bitcoin.
  • AMP Credit Technologies wins “Highly Commended Award for Best Initiative in Financial Inclusion” at the 6th Retail Banker International Asia Trailblazer Awards in Singapore.
  • TIO Networks now has 1+ million registered members in its direct-to-consumer user base.
  •  Taulia names Cedric Bru as new CEO.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Advanced Merchant Payments, Aire, Azimo, Bluefin Payment Systems, Cloud Lending, Currency Cloud, CurrencyFair, Expensify, Fastacash, FutureAdvisor, ID.me, InComm, On Deck Capital, ThreatMetrix, TransferWise, Uncategorized

On Finovate.com:

  • ID.me Raises $3 Million in New Venture Debt Funding
  • Alt-Credit Score Startup, Aire, Raises $1.1 Million.

Around the Web:

  • Polish & Slavic Federal Credit Union chooses online banking platform from ACI Worldwide.
  • Finextra’s Future Money Focus interviews Thomas DeLuca, CEO of Advanced Merchant Payments.
  • BBC column on Technology of Business features Azimo, Currency Cloud, CurrencyFair, and TransferWise in a discussion on the currency transfer business.
  • Forbes.com profiles Singapore-based Fastacash.
  • PYMNTS features ThreatMetrix’s latest whitepaper.
  • Shentel integrates InComm’s CashTie API to facilitate bill pay at retail locations.
  • Financial Planning features FutureAdvisor’s freemium model.
  • Expensify launches new policy editor design.
  • Forbes features OnDeck Capital as one of three lesser-known strategies to secure business financing.
  • Bluefin Payment Systems to power payment processing for Clubworx software platform.
  • Cloud Lending Solutions announces agreement with BDO Solutions to bring its non-bank online lending platform to East 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.

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Finovate Alumni News

By David Penn Posted on
Categories: Arxan Technologies, Betterment, FutureAdvisor, Kalixa, LearnVest, Motif Investing, Nomis Solutions, onlinepay.com, Personal Capital, Realty Mogul, SecureSafe, Top Image Systems, TransferWise, Uncategorized, Wealthfront, wipro, Xignite, Zooz

On Finovate.com

  • Finovate Debuts: OnlinePay.com’s Mobile Wallet Review.

Around the Web:

  • Estonian Inventor profiles TransferWise.
  • Wipro names Rajan Kohli to head the company’s year-old digital business unit.
  • Nomis Solutions partners with Tangerine to develop new customer engagement models.
  • Arxan Technologies wins finalist spot in SC Awards 2015 Europe for Best Mobile Security Solution.
  • Malay Mail Online feature on rob-advisors looks at Betterment, FutureAdvisor, LearnVest, Motif Investing, Personal Capital, and Wealthfront.
  • Milano Finanza reviews SecureSafe.
  • Kalixa leveraging recent acquisition of PXP to transition from DTC to B2B offering.
  • Zooz opens new office in London.
  • Globe Street interviews Realty Mogul’s SVP of residential lending, Shea Palette.
  • Xignite customers gain access to OTC Market Group’s 15-Minute Delayed Level 1 data courtesy of new agreement.
  • Business Insider UK lists Blockchain as one of the 25 most exciting Bitcoin startups.
  • American Banker: BBVA Compass chooses Kony for Mobile App Development.
  • Top Image Systems to provide processing solutions and account automation technology to German utility.

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.

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Finovate Alums Win Honors at Fintech Innovation Awards

Finovate Alums Win Honors at Fintech Innovation Awards
By David Penn Posted on
Categories: Alpha Payment Cloud, Azimo, Dwolla, INETCO Systems, Jumio, Loop, Misys, Monitise, Nutmeg, Top Image Systems, TransferWise, Uncategorized, Xignite, Yoyo, Zopa

Congratulations to the fourteen now and soon-to-be Finovate alums recognized by the Fintech Innovation Awards 2015. Four alums took home top honors in their categories.

FIA2015_homepage

Nutmeg won two categories: “Fintech Marketing Campaign of the Year” and “Fintech Startup or Early Stage of the Year”. Nutmeg CEO Nick Hungerford was also a finalist in the “Fintech Leader of the Year” category.

Jumio won the “Anti-Fraud/Security Initiative” category. Making its Finovate debut last month at FinovateEurope 2015, Yoyo won in the “Mobile Commerce and Banking” category. And INETCO,  which will make its Finovate debut at FinovateSpring 2015 this May in San Jose, won the “Data Solutions” category.

Other Finovate alum finalists were:

Held at The Brewery in London, the FinTech Innovation Awards recognize accomplishments in global finance and payments technology. In addition to recognizing achievements by individual companies and CEOs, the event also honors collaboration via its “Project Implementation Team” and “FinTech Deal of the Year” awards (Finovate alum Dwolla was a finalist in the latter for its partnership with the Chicago Mercantile Exchange).

The Fintech Innovation Awards 2015 were held in association with bobs guide and paymenteye. Read more about the event.

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Finovate Alumni News: March 2, 2015

By David Penn Posted on
Categories: ACI Worldwide, Authentify, CurrencyFair, FinanceIt, Fiserv, Google Cloud Platform, Motif Investing, Payoneer, PayPal, SigFig, TransferWise
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKnox News features SigFig and Motif Investing in its look at investment-tracking apps.
  • Bank Innovation takes a look at how Xignite “democratizes” financial trading.
  • ACI Worldwide teams up with STS PayOne to build fraud prevention technology for e-commerce merchants in the Middle East and Africa.
  • Payoneer appoints Neil Platt to Chief Revenue Officer.
  • Medium.com column on the money-transfer industry features CurrencyFair and TransferWise.
  • Financeit receives $75 million renewal from Pacific & Western Bank of Canada to help expand consumer financing program.
  • PYMNTS interviews Fiserv on how banks can capitalize on emerging trends.
  • Google launches a status dashboard for several of its cloud infrastructure services in the Google Cloud Platform.
  • PayPal acquires Paydiant for an estimated $280 million.
  • PayPal debuts chip & PIN and NFC payments-acceptance device.
  • Authentify Ranked 46 out of 500 Hottest Security Firms; its xFA Solution is a finalist for Authentication Solution of the 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.

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Alumni News– February 26, 2015

By David Penn Posted on
Categories: authenticID, Azimo, Boku, Fastacash, Feedzai, Fiserv, investUP, MasterCard, PayPal, ProfitStars, Tradier, TransferWise
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFeedzai releases API updates to its fraud detection technology.
  • Bank of the West adds Snap-to-Pay functionality from Fiserv to its mobile banking app.
  • authenticID partners with Sionic Mobile to bring catfishAir to ION Rewards and ShopGive consumer apps.
  • Azimo expands its online money transfer service to Romania.
  • Fastacash teams up with Visa Europe, enabling P2P payments via social network for users of Visa Direct.
  • Finovate Debuts: InvestUp Launches UK Crowdfunding Supermarket.
  • PYMNTS looks inside MasterCard’s Masters of Code Hackathon.
  • ProfitStars launches EPS SmartPay Express to enable FIs to provide online payment and donation services for business customers.
  • PayPal and eBay prepare for breakup later this year.
  • Boku launches phone-on-file technology to remove friction from online transactions.
  • TransferWise marks US launch with #nothing2hide semi-naked march through New York financial district.
  • Fintech Finance’s video production showcases FinovateEurope 2015 action.
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.

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Alumni News—February 18, 2015

By David Penn Posted on
Categories: ayondo, BehavioSec, Bluefin Payment Systems, BlueVine, Braintree, Check Point, Coinbase, D3 Banking, Expensify, Hidden Levers, Insuritas, Kantox, Lending Club, Malauzai Software, Mitek, NICE Systems, Payfone, Ripple, Taulia, Temenos, TIO Networks, Tradier, TransferWise, Tuition.io
  • Mitek launches Commercial Mobile Deposit Capture, bringing MDC technology to the enterprise.
  • Malauzai reports doubling revenues, growth of customer base to more than 300 community banks and credit unions.
  • D3Banking adds to leadership team with four new appointments.
  • Check out FinovateEurope 2015 in the press.
  • Bluefin Payment Systems to provide Decryptx point-to-point encryption (P2PE) solution to Heartland Payment Systems’ clients.
  • Temenos purchases Akcelerant to accelerate growth in North America.
  • Lending Club partners with BancAlliance, a national consortium of 200 community banks.
  • Fast Company lists BehavioSec, Ripple, Braintree, Expensify, NICE and BlueVine as top innovative companies in the money category
  • PYMNTS discusses retail’s adoption of mPOS with Bluefin Payment systems.
  • ayondo clients now receive free access to real time analysis tools from StockPulse.
  • Kantox uses Apply Financial’s API to enhance customer service and enable more integrated international payments.
  • TechFlash interviews Payfone CEO and co-founder Rodger Desai.
  • Stockhouse: TIO Networks poises to capture major portion of mobile payment market.
  • USA Today highlights Tuition.io for student debt management.
  • TransferWise launches in United States.
  • Code CU to use Insuritas for insurance agency solution.
  • Coinbase Android and iOS apps now available in 11 new languages.
  • Global Financial Private Capital selects HiddenLevers to help advisors grow their practice.
  • Tradier’s API takes 15 million production calls in Jan., a 33% increase in a single month.
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.

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