TransferWise

Finovate Alumni News

By David Penn Posted on
Categories: Jumio, Pendo Systems, Personal Capital, Qumram, Quovo, Ripple, Temenos, TransferWise, Trulioo, Vantiv, Xero

On Finovate.com

  • Twitter Talk: The Top Tweets from FinovateSpring 2017
  • FinDEVr Alum Quovo Raises $10 Million

Around the web

  • TransferWise unveils new APAC hub in Singapore.
  • Temenos adds open banking, PSD2-based services to its MarketPlace initiative.
  • Ten FIs join Ripple’s cross-border, blockchain network.
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • Qumram wins “Best RegTech Company” in 2017 FinTech Breakthrough Awards.
  • Pendo Systems completes first full deployment of the Pendo Data Platform and receives certification as a Women’s Business Enterprise.
  • Trulioo adds new Canadian data sources to its GlobalGateway verification technology.
  • Jay Shah promoted to CEO of Personal Capital
  • Xero awarded the Best Overall Fintech Platform by the Fintech Breakthrough Awards.
  • Jumio wins Best Fraud Prevention Platform Category in FinTech Breakthrough 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.

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Finovate Alumni News

By David Penn Posted on
Categories: AccountScore, ACI Worldwide, Fiserv, HEDG, Hedgeable, mBank, NICE Systems, SynapsePay, TD Bank, TransferWise, Unison, Venmo, Wealthfront, Xero

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid.
  • Our latest FinovateSpring Sneak Peeks are up! Meet Unison, Hedgeable AI Lab, AccountScore, SynapsePay, and HEDG.

On FinDEVr.com

  • Xero Sees $26.4 Million Investment

Around the web

  • Money management app, TD MySpend from TD Bank, closes in on one million users.
  • mBank launches mobile app with Android Pay.
  • ACI Worldwide broadens its relationship with Ant Financial Services mobile payment provider, Alipay.
  • PYMNTS reports: TransferWise To Move Headquarters Out Of UK Due To Brexit.
  • NICE Actimize Launches ActimizeWatch, a Fraud Analytics Optimization Solution.
  • Fiserv to power core processing for SouthEast bank.

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: Backbase, Malauzai, Modelshop, PayPal, Personetics, Qumram, Spiff, Standard Chartered Bank, Thomson Reuters, TIO Networks, TransferWise

On Finovate.com

  • Spiff Partners with Nordea Liv to Launch Mobile Savings App.
  • PayPal Acquires TIO Networks in $230 Million Deal.
  • Qumram’s Regtech Offering Lands $1.49 Million

On FinDEVr.com

Around the web

  • TransferWise announces integration with Facebook Messenger.
  • Valiant Bank to deploy new customer engagement platform from Backbase.
  • Thomson Reuters Labs’ latest data science lab opens in Singapore.
  • Malauzai reports record growth for 2016.
  • Santander’s VC arm invests undisclosed amount in Personetics.
  • Standard Chartered leveraging WeChat’s online payment gateway to launch e-commerce solution for corporates.

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: ACI Worldwide, DriveWealth, Klarna, Personetics, Top Image Systems, TransferWise, Trustly, VENTENY, Xignite

On Finovate.com

  • FinDEVr Silicon Valley: When You’re a Dev, You’re a Dev All the Way
  • DriveWealth Brings Robo-advisory to Latin America in New Partnership with Alkanza. See DriveWealth make its FinDEVr debut next week at FinDEVr Silicon Valley 2016.

Around the web

  • Personetics launches Chatbot Bootcamp.
  • Klarna unveils online retailer financing.
  • ACI Worldwide to provide back-end tech for TransferWise’s integration into the Faster Payments Scheme.

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: AnchorID, FIS, Kantox, TransferWise, Trustly

On Finovate.com

  • AnchorID Brings Custom Authentication to Credit Unions
  • FinovateFall 2016 Best of Show Winners Announced
  • Trustly Taps Oscar Berglund as New CEO
  • FinovateFall 2016: Live from the Twitterverse

Around the web

  • Kantox launches dynamic hedging to help monitor currency risk in real-time.
  • FIS brings its Cardless Cash solution to CO-Op Financial 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.

 

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Finovate Alumni News

By David Penn Posted on
Categories: Expensify, Mambu, Mitek, MX, NCR Corporation, TransferWise, Vera

On Finovate.com

  • Four Fintech Companies Featured in Forbes 100 Most Innovative Public Companies

Around the web

  • Mambu announces plan to double staff to support 10% month-on-month growth.
  • NCR teams up with MX to bring data-driven money-management to FIs. See MX at FinovateFall in New York this week.
  • Expensify opens new office in Melbourne, Australia.
  • Online currency exchange b-Sharpe chooses Mobile Verify from Mitek for identity verification.
  • Leading hedge fund Logica Capital Advisors selects Vera to manage critical business information and internal collaboration files.

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: ACI Worldwide, ayondo, Boku, Braintree, MasterCard, PayPal, payworks, SumUp, Top Image Systems, TransferWise, VISA

On Finovate.com

  • FinovateFall: Mapping the Future of Fintech Today
  • Payworks Raises $4.5 Million Series A
  • Mastercard Says “Me Too” to Visa’s PayPal Partnership

Around the web

  • Top Image Systems Signs Two Accounts Payable Automation Deals Valued at Over $480,000
  • EU-based mobile payments company SumUp achieves profitability.
  • Let’s Talk Payments interviews Boku CEO Jon Prideaux.
  • ACI Worldwide brings UP Retail Payments to Erste Bank Hungary.
  • Braintree to offer Visa Checkout.
  • ayondo relaunches website with new design and features to improve trading experience.
  • TransferWise announces tripling of revenues in first public annual report.

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: Aspire, Backbase, Behalf, CRMNEXT, Entersekt, EyeVerify, Fiserv, inSpirAVE, Jack Henry, Kabbage, Kore, mBank, Meniga, ProActive FinTech, Sindeo, Strands, Swych, TransferWise, wipro, Xentral Station

On Finovate.com

  • Behalf Raises $27 Million in New Funding
  • Backbase Partners with Entersekt to Deliver Authentication Technology
  • EyeVerify Teams Up with BioConnect to Boost Payment Security.

Around the web

  • PittsburghPost-Gazette feature on local fintech incubator SteelBridge Laboratories quotes Om Kundu, CEO of InSpirAVE. See InSpirAVE at FinovateFall in New York next week.
  • Massachusetts-based Randolph Savings Bank re-ups with Fiserv for front- and back-office technology.
  • Wipro announces partnership with Stibo Systems to offer Master Data Management (MDM) solutions.
  • PYMNTS.com looks at TransferWise and its growing independence from bank partners.
  • Jack Henry & Associates Awarded by Aite Group for Core Processing.

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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TransferWise Launches TransferWise for Business to the Public

TransferWise Launches TransferWise for Business to the Public
By Julie Muhn (@julieschicktanz) Posted on
Categories: TransferWise

Screen Shot 2016-08-16 at 9.54.45 AM

Foreign currency-exchange platform TransferWise today announced it has released a new segment out of beta. The London-based company launched TransferWise for Business to the public, offering businesses access to international money transfers.

The beta test of the new offering began in May, just after the company closed a $26 million round. Since then, after working “closely with businesses to create a product that meets their needs,” TransferWise has helped business customers transfer more than $1.3 billion using the platform. According to the website: “Businesses can now use TransferWise to pay suppliers or employees overseas, request payments from customers, and transfer funds between their own accounts in different countries.”

Following its ethos, TransferWise does not charge businesses to sign up and there are no monthly fees. By leveraging the ability to transfer money within its network of banks, the company makes sending money abroad up to 7x cheaper than using a business bank account. For bulk overseas payments, TransferWise launched Mass Pay (not to be confused with Dwolla’s MassPay), a batch-payment solution that lets businesses send and track large numbers of payments. Mass Pay is available as an API or on the web interface, which allows for one-by-one or bulk file uploads via CSV.

TransferWise demoed at FinovateEurope 2013. The company, founded in 2010, now boasts 1 million customers and more than $116 million in funding.

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Betterment, BondIT, Ethoca, Featurespace, Fiserv, iBank Marketing, Jumio, Mortgagebot, Payoneer, Quantopian, Realty Mogul, RightCapital, TransferWise, Trulioo, Uniken

On Finovate.com

  • TransferWise Launches TransferWise for Business to the Public
  • RealtyMogul to Raise $50 Million with New REIT, MogulREIT I

Around the web

  • ACI Worldwide integrates Ethoca Alerts into its UP eCommerce Payments solution.
  • Trulioo announces enhancements to the global AML watchlist capabilities of its GlobalGateway platform.
  • Realty Mogul launches REIT investments.
  • Two credit unions select Fiserv’s OnCU for core account processing.
  • Payoneer releases automated tax-form service to its mass payout offering.
  • D+H brings on 100+ new lenders to its MortgagebotLOS solution after signing reseller agreement with DocMagic in October of 2015.
  • FT.com looks at Quantopian in a feature on DIY algorithmic trading.
  • Jumio VP of Product Philipp Pointner writes about digital ID verification in AltFi News.

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, Alpine Data Labs, Avalara, BioCatch, Green Key Technologies, iSignthis, Meniga, TransferWise

On Finovate.com

  • Avalara Unveils Enhanced Compliance Document Management Solution, CertCapture
  • Alpine Data Partners with Pivotal to Bring Smart App Building Blocks to Businesses

On FinDEVr.com

  • GreenKey Launches Design Partner Program

Around the web

  • GreenKey launches Design Partner Program with interdealer brokers, Tradition and Tullett Prebon.
  • iSignthis inks card-acquiring and -settlement partnership with National Australia Bank.
  • ACI Worldwide hosts “Coding for Girls” camp.
  • Transfers from Brazil now live on TransferWise.

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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7 Alum Leaders Named U.K.’s Coolest People in Fintech

7 Alum Leaders Named U.K.’s Coolest People in Fintech
By Julie Muhn (@julieschicktanz) Posted on
Categories: Algomi, Azimo, Blockchain, Nutmeg, Revolut, TransferWise, Zopa

BritishFlagBusiness Insider rounded up the 40 most exciting people in fintech in the United Kingdom. As it turns out, Brexit isn’t enough to shake the fintech scene in the U.K. In fact, according to KPMG, British fintech startups raised $962 million in 2015. Of that amount, London companies raised $743 million.

The list includes these seven leaders from Finovate and FinDEVr alumni:

Taavet Hinrikus, CEO and cofounder of TransferWise

Marta Krupinska, General Manager and cofounder of Azimo

Nikolay Storonsky, CEO and cofounder of Revolut

Giles Andrews, Executive Chairman and cofounder of Zopa

Peter Smith, CEO and cofounder of Blockchain

Usman Khan, CTO and cofounder of Algomi

Nick Hungerford, CEO and founder of Nutmeg

Check out all 40 leaders who made the list. Wonder how Business Insider made its selections? Here’s how the publication described its process:

We looked at who’s done cool and interesting things in the past year, including companies that have raised money or grown rapidly. We’ve also tried to include some of the less obvious names—the people doing great things behind the scenes—as well the faces out front.

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