Finovate Alumni News

On Finovate.com

  • Nubank Reaches Out to Brazil’s Underbanked with Addition of Digital Accounts.

Around the web

  • Built In Colorado names Gusto, Ping Identity, Personal Capital, Xero, PaySimple, Vantiv in its list of Top 100 digital tech companies in Colorado.
  • Compass Plus among the first software vendors to connect to the MirAccept 2.0 platform from NSPC.

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

  • Socure Raises $14 Million in New Funding
  • BioCatch Partners with LexisNexis to Leverage Data and Analytics for Better Risk Management
  • Colorado’s PSCU Completes Digital Banking Roll Out Powered by Malauzai Software

Around the web

  • Voice collaboration specialist GreenKey wins patent for speech-to-text technology.
  • NCR deploys Windows 10 IoT Enterprise with major European financial institution.
  • IdentityMind Global announces enhancements to its Enterprise Fraud Prevention platform.
  • Vantiv goes live with its cloud payment API, triPOS.
  • Forbes lists SoFi, Credit Karma and Prosper in its list of the 10 biggest fintechs in America.
  • ABN AMRO selects DemystData for Launchpad Program.

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

  • IBM Launches Security Testing Services for IoT Developers.
  • TickSmith Lands $2 Million Investment from Illuminate Financial.
  • Layer’s New Messaging Design System Helps Create Perfect Conversational Experiences.

Around the web

  • Vantiv partners with Columbia Bank to provide new payment services to business customers.
  • Commerce Bank to offer AP and AR automated service, CashFlow Complete, powered by Bill.com.
  • Xero and Recurly team up in new integration that combines subscription management with cloud accounting.
  • Fintech Supercharger features an interview with Roman Stanek, Founder and CEO, GoodData.
  • BARC Score Data Discovery identifies MicroStrategy as a ‘Market Leader’ ranking #1 in “Platform Capabilities”
  • Chicago Tribune column on savvy saving highlights MaxMyInterest.
  • Village of Palos Park Introduces Passport’s Parking App.

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

  • Microblink’s Photopay Expands to New European Markets.

Around the web

  • Daon and Experian talk about fighting fraud with biometric technology on CNBC’s Squawk Box.
  • Let’s Talk Payments interviews Yodlee’s Terry McKeown on managing credit risk.
  • Banking Exchange profiles alternative lender, PayActiv.
  • The Silicon Review features Vantiv Head of Product for Integrated Payments, Moin Moinuddin.
  • FintekNews sits down with Unison Co-CEOs Thomas Sponholtz and Jim Riccitelli to discuss shared real estate investing.
  • Tesobe organizes cross-industry payments hackathon in Australia – Aug 11 thru 13th.
  • CRN names Veridium on its list of 2017 Emerging Vendors.
  • Total and Worldline Partner with Africa-based InTouch to help deploy Guichet Unique, a digital solution for retail networks.

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.

Holy Transatlantic Transactions! Vantiv to Merge with Worldpay in $10 Billion Deal

Smack dab in the middle of an otherwise sleepy fintech summer is the blockbuster news that U.S. credit card processor  Vantiv has agreed to merge with fellow Finovate/FinDEVr alum, Worldpay. The deal is valued at $9.9 billion, and Vantiv reportedly edged out J.P. Morgan in the pursuit of the U.K. payments company. J.P. Morgan is Worldpay’s corporate brokerage firm.

The terms of the deal call for Vantiv to pay 385 pence per share: 55 pence in cash – 0.0672 of a new Vantiv share – and a 5 pence cash dividend per Worldpay share. The amount represents a premium of nearly 19% on the $4.8 billion company’s Monday closing share price.  The new company will be led by Vantiv’s Charles Drucker and Worldpay’s Philip Jansen.

Reuters quotes analysts at Cowen and at Berenberg suggesting that Worldpay’s e-commerce business is the chief prize in the merger. Cowen analysts pointed out the lack of non-North American exposure for Vantiv, as well as its “excessive exposure to the offline U.S. market.” Worldpay supports more than 400,000 merchants in 126 currencies in 146 countries and is a major player in the payment processing market in the U.K. Vantiv is America’s biggest merchant acquirer by transaction volume. Combined, the new company’s reach extends from the U.K. and the U.S. to Europe, South America, and the Asia-Pacific region.

Vantiv demonstrated TriPOS, a next generation payment integration payment solution at FinovateFall 2014. Headquartered in Cincinnati, Ohio, Vantiv partnered with fellow Finovate alums, Malauzai Software and OnDot to help launch a PFM solution, Family Manager, SmartKid Control, in May. Also this year, Vantiv acquired B2B workflow automation specialist, Paymetric. Vantiv is a veteran of our developer’s conference, having presented “The Evergreen Developer Solution – triPOS Cloud” at FinDEVr New York this spring. Publicly traded on the NYSE under the ticker “VNTV” since the spring of 2012, Vantiv has a market capitalization of more than $11 billion.

Worldpay presented “It’s Not Just About Getting Paid, It’s About the Payment Journey” at our developer’s conference in Silicon Valley last fall. Founded in 1991 and based in London, U.K., the company went public in the fall of 2015, trading on the London Stock Exchange. Last month, Worldpay announced that it was testing payments in the virtual reality space, and in January, the company partnered with UnionPay for bumper Chinese New Year.

 

Finovate Alumni News

On Finovate.com

  • TSYS and Featurespace to Provide New Fraud Fighting Solution, Foresight Score.
  • Holy Transatlantic Transactions! Vantiv to Merge with Worldpay in $10 Billion Deal.

Around the web

  • Kashoo celebrates earning the #2 spot in PC Mag’s accounting software ranking.
  • BancPass, makers of the PToll app, hire John Freund as President.
  • Capsilon partners with Optimal Blue to enhance its mortgage PoS solutions.
  • International Business Times quotes Finicity co-founder Nick Thomas.
  • Flybits CEO Hossein Rahnama named to Canada’s Top 40 Under 40 for 2017.
  • Pendo Systems CEO Pamela Pecs Cytron discusses extracting insights from unstructured data at MarketWatch.

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

Our first developers conference in the U.K. is just over a month away. If APIs and SDKs are just a few of your favorite fintech acronyms, then join us for two days of developer-focused presentations, demonstrations, and conversations at FinDEVr 2017 London, June 12 and 13. Stop by our registration page today and save your spot.

FinDEVr 2017 London is a part of London Tech Week, which runs from June 12 to June 16.

On FinDEVr.com

  • Symbiont Gains “Strong Partner in Asia” with Investment from Hundson Technologies.

Upcoming FinDEVr 2017 London alum news

  • Check Out Our Exclusive Interview with ISARA CEO, Scott Totzke.
  • Our latest FinDEVr Features Are Up. Meet Kontomatik and IdentityMind Global.

Alumni updates

  • Kontomatik earns top 50 spot in the 2017 Dutch FinTech Awards. Join Kontomatik in London for FinDEVr in June.
  • ACI Worldwide’s point-to-point encryption solution earns PCI P2PE compliance validation.
  • Thoma Bravo to Acquire Lexmark’s Kofax.
  • MapD partners with Continuum Analytics & H2O.ai, to form the GPU Open Analytics Initiative.
  • Thinking Capital to offer SMB financing options to TouchBistro POS clients.
  • Token Picks Up $18.5 Million to Help Banks Rise to Challenge of PSD2.
  • PayNearMe adds 8,000 CVS Pharmacy Stores to its network cash acceptance locations.
  • CardFlight unveils new line of mobile card readers to support secure EMV and NFC contactless payments.
  • Gartner recognizes OutSystems as a leader in enterprise high productivity application platform as a service technology.
  • Malauzai’s Vantiv Partnership to Leverage OnDot’s CardControl Tool.

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

 

Malauzai’s Vantiv Partnership to Leverage OnDot’s CardControl Tool

Community banking app company Malauzai has teamed up with payment processing giant Vantiv to launch a youth spending tool called Family Manager: SmartKid Control. Malauzai’s SmartApp users will have access to the new tool, which is offered by Vantiv and powered by OnDot.

The SmartKid Control feature offers parents oversight and control over their child’s spending via transaction monitoring and spending tools. The app generates purchase alerts and lets parents define and authorize specific merchant categories, such as grocery and gas (see image on right). While the card gives parents ultimate control by enabling them to remotely turn the card on and off, it also allows the child to begin forming their own spending habits by setting a budget and alerts.

Integrating the card control feature into a community bank or credit union’s existing app gives the financial institution a way to build loyalty among its existing users and build out its customer base of Generation Z-clients. According to Robb Gaynor, chief product officer for Malauzai, the new tool will offer “families the opportunity to include their children in the financial dialogue.”

Malauzai’s new tool leverages OnDot’s CardControl, a solution the company launched at FinovateSpring 2014 that allows consumers to control payment cards from a smartphone app. The solution, which the company later showcased at FinovateSpring 2015, won them Best of Show honors. Since then, the product was brought to market by Fiserv (under the brand name CardValet), COOP Financial Services (under the brand name CardNav), and Vantiv (under the brand name MobiMoney). OnDot most recently demoed Mobile Card Services at FinovateAsia 2016.

Founded in 2009, Malauzai last demoed at FinovateSpring 2016, where it debuted MOX Pay powered by Visual App Builder. In March of this year, the company launched Touch ID biometric authentication technology for Android users. In October 2016, Malauzai teamed up with Guardian Analytics to leverage its fraud detection solution.

Payment processing company Vantiv most recently presented at FinDEVr New York 2017 and last demoed at FinovateFall 2014, where it debuted its TriPOS solution. Earlier this week, Vantiv agreed to acquire B2B payments company Paymetric.

FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York earlier this year. If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • FinDEVr Veteran OutsideIQ Acquired by Exiger

Alumni updates

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Xero features its partnership with Equifax.
  • London Metal Exchange locates LMEselect Platform at Interxion’s Data Center
  • Envestnet unveils expanded data analytics portfolio for wealth management.
  • FinDEVr Alum Quovo Raises $10 Million
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • 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.

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

Finovate Alumni News

On Finovate.com

  • Malauzai’s Vantiv Partnership to Leverage OnDot’s CardControl Tool

On FinDEVr.com

  • Check out today’s FinDEVr APIntelligence.

Around the web

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Myanmar’s First Private Bank selects Misys FusionBanking to digitize its banking operations.
  • HSBC Group to deploy client lifecycle management technology from Fenergo.
  • Tungsten Network selects BlueVine to offer U.S. SMB clients access to lines of credit.
  • NAFCU Services announces 2017 Innovation Award Finalists: Q2, Insuritas, Geezeo, Mastercard.

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.