Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: BondIT Helps Relationship Managers Focus on the Relationship”
  • “Finicity Scores $42 Million Series B in Round Led by Experian
  • “Credit Karma Launches Free Tax Filing Service”

Around the web

  • Vasco to power multifactor authentication for BankMobile.
  • Engadget interviews Bo Lu, CEO of FutureAdvisor.
  • Micronotes launches Enterprise 4.0 platform that helps convert digital banking traffic into personal conversations and sales.
  • FIS establishes partner network for early-stage fintech companies.
  • Let’s Talk Payments interviews Stuart Lacey, Trunomi CEO and founder.
  • Blackhawk Network to integrate gift cards, loyalty, and rewards into Apple Pay.

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.

Finovate Alumni News

On Finovate.com

  • “Finovate, FinDEVr Alums Earn AWS Financial Services Competency Status”

Around the web

  • FIS and Trunomi team up to build a data protection solution to help FIs comply with new EU regulations.
  • PYMNTS.com looks at Concur and its partnership with China DataCom Corporation.
  • Comarch to integrate EyeVerify into its Smart Finance and Corporate Banking solutions.
  • FinDEVr alum Symbiont hires Dr. Lisa Yin as new chief security officer and chief cryptographer.
  • D3 Banking adds more than a million users to its digital banking platform.
  • Hypepotamus interviews CTO Amala Duggirala, Kabbage’s new chief technology officer.
  • Cachet Financial Solutions develops new prepaid banking platform for CereTel.
  • Tuition.io wins 2016 Best In Biz Awards.
  • Financial Brand: Moven promotes financial health with ‘Smart Savings Account’
  • RealtyMogul.com unveils new lower minimum of $1,000 for investment in its online REIT, MogulREIT I.
  • Business Standard profiles MarketsMojo and its algorithm-based approach to stock market analysis.

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.

Trunomi Closes $3 Million Seed Round

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Consumer data provisioning company Trunomi pulled in its third round of funding today. The $3 million seed-round brings the company’s total funding to $8.3 million.

The round was co-led by existing investor Saturn Partners and newcomer Fintonia, whose chairman and CEO Adrian Chng has joined Trunomi’s board. Several other existing investors also contributed.

The California-based company aims to give consumers control of how their own Personal Identifiable Information (PII) is used by banks, while offering banks a way to safely create, manage, and share consumer information in a cost-efficient manner. At FinovateEurope 2015 in London, the company’s CEO and founder Stuart Lacey launched TruMobile, a customer-focused “consent engine” that creates privacy policies to allow the sharing of consumer PII data across platforms. In today’s press release Lacey said:

Consumers globally are becoming increasingly aware of the value of their own data. They are also living through a period of intense digitization in financial services. Together with our investors, we recognize that the pressure is truly on financial services providers, not only to meet these market pressures but to operate in full compliance with a raft of new, global data-privacy regulations.

Founded in 2013, Trunomi has offices in Bermuda, Dublin, and Silicon Valley. In April, Trunomi partnered with InAuth to help financial services companies manage consumer data during mobile onboarding. In June, the company took home two awards at the Benzinga Fintech Awards.

Finovate Alumni News

On Finovate.com

  • Trunomi Closes $3 Million Seed Round
  • Symbiont Completes Proof of Concept with R3, Credit Suisse, Ipreo
  • Qumram Unveils Compliant WhatsApp Social Media Recording Solution
  • Mastercard Now Allows Developers to Access Suite of APIs through Single Gateway
  • Check out today’s FinDEVr APIntelligence.

Around the web

  • D+H Expands Mortgagebot Platform with MortgagebotMobile.
  • Gusto (fomerly ZenPayroll) now serves 40,000 small businesses.
  • Entersekt and Meniga listed among 100 most promising African fintech companies of 2016.
  • Motif Investing transitions to subscription service; hints at plans to launch roboadviser.

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 Alums Earn Top Honors at 2016 Benzinga Financial Awards

Trunomi_homepage_June2016

Finovate alum Trunomi took home two awards at the 2016 Benzinga Fintech Awards this week. The KYC and data-sharing solution provider won first place in the Proprietary Technology & APIs and Most Promising Startup categories.

Also winning top honors were Loyal3, which took first place in the Leveling The Playing Field category, and SmartAsset, which won first place in the Best Educational Tools & Services category.

BenzingaFintechAwards2016

This year was the second for the Benzinga Fintech Awards. More than 250 companies from five countries competed for this year’s awards, including Founder of the Year which was awarded to TickerTags founder, Chris Camillo.

Other alums earning recognition were runners up PsychSignal (Finding Alpha category) and WealthForge (Lending & Alternative Investments category). TipRanks picked up a runners up spot in the Research Platforms, Apps & Tools category, as well as third place overall. DriveWealth earned an honorable mention in the Innovation in Mobile category for its Passport solution.

See the full list of 2016 finalists.

Jason Raznick, founder and CEO of Benzinga, congratulated this year’s winners and praised their “forward thinking and product development.” This year marked the second strong performance at the Awards from Finovate alums in general and TipRanks in particular, which in 2015 took top honors in Trade Recommendations category in 2015. Other alum winners from 2015 include Betterment, EquityZenLikeFolioMarket Prophit, Motif InvestingPersonal Capital, and HedgeCoVest, which won runners up in the Most Disruptive category, Best in Class in the Robo Advisor Tools category, and first place overall.

Finovate Alumni News

On Finovate.com

  • “Santander and Kabbage Partner to Bring Same-Day Funding to U.K. SMEs”
  • “iSignthis Facilitates Instant Bitcoin Purchases on Coinify”

On FinDEVr.com

Around the web

  • Trunomi announces partnership with InAuth, combining fraud protection with mobile customer onboarding and lifecycle management.
  • MyMoneyMobile selects real-time, ID scanning technology from Jumio.
  • Investment News looks at how Betterment and Wealthfront have added data aggregation, and considers Vanguard’s partnership with Envestnet|Yodlee.
  • InvestorDaily considers the pending release of BlackRock’s FutureAdvisor in Australia.
  • Featurespace selected as a finalist for the 2016 RedHerring Top 100 Europe Award.
  • Barlow names Xero TaxTouch most innovative at 2016 Banking Technology 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.

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.

American Banker’s “20 Fintech Companies to Watch” Features 11 Finovate Alums

FintechForward_AmericanBanker_BAIIn the same way that celebrities examine the memoirs of other celebrities to see if and how frequently their names are mentioned, I admit my first thought upon seeing American Banker’s roster of “20 Fintech Companies to Watch” was: “How many Finovate/FinDEVr alums?!”

American Banker’s “20 Fintech Companies to Watch” feature is a part of Fintech Forward, its collaboration with BAI. The goal of the partnership is to “identify the forces and trends that are motivating banks’ technology investment.”

Companies for the list were selected by a panel of judges from American Banker, BAI, Citi, Santander, and Rockland Trust, who focused on three criteria:

  • Does a company offer innovative technology?
  • Does it solve a real business problem?
  • Is it ready for prime time?

So with the bar set, here are the Finovate alums that made the cut.

Rounding out the top 20 were Untapt, Gigaspaces Technologies, IdentityMind Global, Addepar, Zenbanx, nCino, Moneythink, InAuth, and Iovation.

In addition to its “20 Fintech Companies to Watch,” Fintech Forward has produced its “Top 100 Companies in Fintech” and “Top 25 Enterprise Companies” rankings. Both rosters feature numerous Finovate and FinDEVr alums, as well.

Trunomi Raises $3 Million to Solve KYC Challenges

TrunomiHomepage

Trunomi, a startup that uses consent-based data-sharing to streamline customer-verification for banks, announced a $3 million raise today.

Saturn Partners led the round. Fenway Summer, Persistent Ventures, and SenaHill Partners also participated. This lineup of investors also contributed to Trunomi’s $2.3 million Angel round in 2014, bringing its total funding to $5.3 million.

Trunomi, which launched about a year ago, plans to use the funds to progress its technology.

Here’s the company’s live debut of TruMobile at FinovateEurope this year:

Finovate Alumni News

On Finovate.com

  • “Trunomi Raises $3 Million to Solve KYC Challenges”
  • Finovate Debuts: “Hip Pocket Generates Qualified Mortgage Leads While Boosting Engagement”

Around the web

  • Financial Times quotes Giles Andrews, Zopa executive chairman, in discussion on P2P providers and fee transparency.
  • Let’s Talk Payments talks with Stephane Dubois, CEO and founder of Xignite, on the importance of APIs in fintech. See Xignite at FinDEVr 2015 in San Francisco in October.
  • iSignthis to provide KYC services to Crownbet Pty starting in 2016.
  • TickSmith’s TickVault earns certification on Cloudera Enterprise.
  • KPMG and Matchi form alliance to enhance access to financial service innovation.

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.