Finovate Alumni News

On Finovate.com

  • Best of Show Winner Quid to Open London Office.
  • Reverse Takeover IPO Places ayondo on the Singapore Exchange.
  • Sezzle Scoops Up $500,000 Investment from Brussels-based E-Merge.
  • MX Adds Cash Flow Feature to MoneyDesktop Platform.

On FinDEVr.com

  • Markit Agrees to Acquire Prism Valuation.

Around the web

  • Australia’s Bendigo and Adelaide Bank to deploy cloud development platform from IBM.
  • itBit and Euroclear announce plans to use blockchain technology to provide a settlement service for the London gold market.
  • Trulioo expands to South America as part of Canada’s Fintech Mission to Brazil.
  • IBS Intelligence features Yoyo Wallet as startup of the month.
  • Payworks extends Stripe POS integration effort.
  • Trustly opens London office and hires General Manager from Worldpay.

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.

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)

Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report.
  • UpGuard Brings Better Vulnerability Detection to ServiceNow.

The latest from FinDEVr New York 2016 presenters

  • Infoworld feature on AI shares insights from OutsideIQ CEO Dan Adamson.
  • Markit partners with BitSight Technologies to enhance its Know Your Third Party (KY3P) platform.
  • NYMBUS Acquires R. C. Olmstead to Enhance Core Data Processing.
  • The WSJ calls PayPal “the new face of banking.”

Alumni updates

  • MX to power Homeownership Preservation Foundation’s digital money management app.
  • Cater Allen Private Bank to implement new core banking system from Temenos.
  • Trulioo enhances address validation in Global Gateway.
  • Token Facilitates PSD2 Compliance with New Payment Network.
  • Kabbage Named a CNBC Top Disruptor.
  • Fragmob and CardFlight Announce Integrated Partnership.
  • Xero featured as one of first New & Notable Apps on Google Apps Marketplace.
  • Banking Technology reports that Temenos is nearing a core banking software deal with Iran’s Ayandeh Bank (Future Bank).

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Payment Ninja Provides Free Payment Processing, Programmatic Remarketing for SMEs.
  • Alpha Payments Cloud Selected for Wells Fargo Spring Startup Accelerator.
  • Check out this week’s FinDEVr APIntelligence.
  • DriveWealth Brings Robo-Advisory to China in New Partnership with CreditEase.
  • Buzz Points Lands $1.8 Million in Funding.

Around the Web

  • Cater Allen Private Bank to implement new core banking system from Temenos.
  • Top five Israeli banks to build mobile check-deposit solution based on mobiFLOW SDK from Top Image Systems.
  • Zopa named Moneyfacts Personal Loan Provider of the Year 2016.
  • Trulioo enhances address validation in Global Gateway.
  • MX to power Homeownership Preservation Foundation’s digital money management app.
  • Tradestreaming profiles Payoneer and its role in online payments.
  • Banking technology from Infosys Finacle to help support payments and deposit products for Paytm.

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.

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

Developer news

  • Magic Leap to give 10 Twilio developers early access to its SDK.

On FinDEVr.com

  • “Fintech Developers, Lock in Presale Savings for FinDEVr Silicon Valley”

The latest from FinDEVr New York 2016 presenters

  • OnDeck adds to credit offerings available to Canadian small businesses.
  • Markit unveils compliance solution to help meet new FRTB, market-risk capital requirements.

Alumni updates

  • “Trulioo’s GlobalGateway Available in BRIC Countries”
  • “Kabbage Reaches $2 Billion in Loans in 5 Years”
  • TechCrunch column on APIs features Plaid, and Twilio.
  • “CardFlight Adds Global Payments as EMV Processor”
  • “New Investment for Personal Capital Takes Valuation to $500 Million”

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Trulioo’s GlobalGateway Available in BRIC Countries

TruliooHomepage

Identity verification provider Trulioo has expanded the geographic coverage of its online electronic identity-verification service GlobalGateway to support Brazil, Russia, India, and China.

This group of countries, known as BRIC, houses 41% of the global population and supports an emerging middle class of 1.2 billion people. In these markets, business-to-consumer ecommerce is estimated to grow faster than in well developed markets.

Trulioo president Jon Jones says their efforts were focused in securing data sources in these particular markets because of the “significant growth in cross-border commerce, which has been made possible [through] Internet penetration and mobile technology.” He added that these emerging BRIC markets “are ripening to become the main markets of tomorrow, and require versatile identity-verification tools to do so.”

GlobalGatewayGlobalGateway enables businesses and banks to verify 4 billion new and existing client identities from 45 countries via 145 data sources to maintain KYC and AML compliance. The product is available as an API or through an online portal.

Last month, Trulioo won the Innovation in Cyber Security Award at the 2016 Fintech Innovation Awards. Late last year, the company closed on $15 million in a round led by American Express Ventures, bringing its total funding to more than $23 million.

Vancouver, B.C.-based Trulioo demoed how its GlobalGateway works at FinovateFall 2015. During FinDEVr San Francisco 2014, the company presented the GlobalGateway API.

Finovate Alumni News

On Finovate.com

  • “Trulioo’s GlobalGateway Available in BRIC Countries”
  • “Kabbage Reaches $2 Billion in Loans in 5 Years”
  • “Coinbase to Support Ether; Rebrands Exchange Service as GDAX”
  • “MaxMyInterest Launches Client Invitation Feature”
  • “Finovate Debuts: Personetics Helps Banks Provide Personalized Guidance to Customers”

Around the web

  • OnDeck adds to credit offerings available to Canadian small businesses.
  • Thomson Reuters and Hong Kong Exchange and Clearing Ltd. to create new indices for the Chinese currency, the renminbi.
  • ACI Worldwide earns technical accreditation to provide access to real-time, faster payments in the U.K.
  • Markit unveils compliance solution to help meet new FRTB, market risk capital requirements.
  • Fiserv to integrate ADAPA from Zementis to enhance its Financial Crime Risk Management Platform.
  • TSYS launches Virtual Payment Precept to streamline B2B virtual payments and enhance the ePayables process flow.
  • Dwolla adds more banks to its instant account-verification flow.

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, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards

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Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards, five went to Finovate/FinDEVr alums.

“This award is recognition of the strength of our idea for peer-to-peer lending and the growth we have seen since then as the idea has moved mainstream,” Giles Andrews said. “Of course, credit should go much more to the team who helped build Zopa’s scale, particularly Jaidev who took the reins last year and led the company to record levels of growth.”

“FinTech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud,” Zac Cohen, Trulioo general manager, said. “Our Compliance-as-a-Service technology addresses that need, enabling pioneering technologies to grow their businesses and protect their users on a global scale.”

“In a shifting U.K. market, our range of price-optimization products are helping banks to better understand their customers’ behaviors and sensitivities through advanced analytics and analysis,” Damian Young, managing director, EMEA at Nomis Solutions, said, “This brings banks significant competitive and market advantage that will help them grow smartly and responsibly in any economic environment.”

“It’s brilliant to be recognized by the industry for our work in creating an award-winning money-transfer service, but the best prize of all is our ever-growing number of happy customers,” Azimo founder and CEO Michael Kent said. “They’re all part of the Azimo story – sending money home to support loved ones for all kinds of reasons.”

Also earning recognition at the event was EquityZen. The company, which will make its Finovate debut next month at FinovateSpring 2016 in San Jose, won the Innovation in Wealth, Asset, and Investment Management category.

Hosted by Julia Streets, CEO and founder of Streets Consulting, the 2016 FinTech Innovation Awards winners were chosen by a group of leading fintech specialists chaired by Dan Cobley, managing partner at Blenheim Chalcot. Taking home top honors in the remaining 11 categories were:

  • Innovation of the Year: ClearScore
  • Fintech Marketing Campaign of the Year: “Cashless on the Catwalk” by The 10 Group and Visa Europe
  • Fintech Startup of the Year: ClearScore
  • Innovation in Corporate Banking Solutions: Idea Cloud by Idea Bank SA
  • Innovation in Insurance: Bought by Many platform by Bought By Many and Ping An Insurance.
  • Innovation in Lending: Marketinvoice
  • Innovation in Payments: Zwipe Payment by Zwipe
  • Innovation in Risk Management: Imagine Software
  • Innovation in Trading Systems: FX Connect from State Street Bank
  • Innovation in Treasury Management: Walletsizing by Vallstein

The FinTech Innovation Awards were held at The Brewery in London on April 13th. The event featured a keynote address from author and Duke University professor, Dan Ariely, as well as remarks from Minister for the Cabinet Office and Paymaster General, Matt Hancock. Finovate alum Strands was among the event’s sponsors.

Where Are They Now? FinovateSpring Alums Raise More than $326 Million in a Year

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Last week we took a look at what the alums of FinovateSpring 2015 have been up to in the year since they demoed on the Finovate stage. Today, we’re focusing on the funding.

All $326 million of it.

Of the 72 companies that demoed at FinovateSpring 2015 in San Jose last year, 21 of them had raised capital within a year. Kabbage’s raise of $135 million certainly stands out. But the $25 million investment picked up by itBit in May of last year, as well as the $15 million raised by Trulioo and the $12 million raised by Moven were also major contributors to a strong fundraising performance from the Class of FinovateSpring 2015. And this doesn’t even include companies such as Yodlee, which was acquired by Envestnet for $660 million, or Aurora Financial Systems, bought by fellow Finovate alum, Finicity, for an undisclosed sum.

March 2016

January 2016

Dec 2015

October 2015

September 2015

August 2015

  • [M&A] Holy Yodlee! Envestnet to Buy Yodlee for $660 Million – video

July 2015

June 2015

May 2015

——-

FinovateSpring 2016 is less than a month away. Pick up your tickets today and save your spot at our upcoming spring conference in San Jose, California.

 

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2

Building new financial technology? Mark your calendars for our spring developer event in New York, 29/30 March 29, FinDEVr 2016 and check out the first round of FinDEVr New York presenting companies.

Developer news

  • Financial Services blog describes why 2015 is time to expand open-source to finance.
  • “Let’s Talk Payments: 63 Insanely Useful APIs Across 12 Segments to Supercharge Your Product”
  • TechCrunch: “The Golden Age Of Open Source Has Arrived”

The latest from FinDEVr San Francisco 2015 presenters:

  • SavingAdvice.com highlights how Personal Capital can help you gain control of your finances.
  • Quisk selected as a 2015 Red Herring 100 Global Winner.
  • TechCrunch looks at OnDeck and the future of alt lending.
  • Financial Planning speculates about Personal Capital’s future.

Alumni updates

  • “Trulioo Raises $15 Million with Help from American Express Ventures”

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter today!

Finovate Alumni News

On Finovate.com

  • Check out this week’s “FinDEVr APIntelligence”
  • “Finovate Debuts: ArcBit Introduces its Secure, Easy-to-Use Bitcoin Wallet”
  • “FIS Closes SunGuard Acquisition to the Tune of $5.1 Billion”

Around the web

  • CSI globalVCard launches partnership program for banks for its electronic payments program.
  • SavingAdvice.com highlights how Personal Capital can help you gain control of your finances.
  • Credit Sesame features millennial-friendly robo-adviser investment-platforms: Betterment, FutureAdvisor, SigFig, Blooom.
  • Quisk selected as a 2015 Red Herring 100 Global Winner.
  • TSYS signs payments agreement with Atlanticus to continue support of loan-origination platform, Fortiva.
  • Digital Insight unveils Business Banking, an SaaS solution to enable FIs to offer personalized banking experiences to business customers.
  • Q2 opens new offices in Lincoln, Nebraska, to accommodate growth, acquisition of Centrix Solutions.
  • Xignite Market Data APIs now available on SoundHound’s Houndify sound recognition and search-technology platform.
  • Let’s Talk Payments features Trustev, Trulioo, and Trunomi in its look at “RegTech” startups in Europe and the U.S.
  • Temenos wins “Best Provider of Front-to-Back Wealth Suite Solutions” at Asian Private Banker’s Technology Awards 2015.
  • Avalara partners with open-source billing and payments platform, Kill Bill.
  • Silicon Prairie News interviews Daniel Carnes, CSO at Prairie Cloudware, on the future of cybersecurity.

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.