FinDEVr APIntelligence

We saw some great stuff at FinDEVr New York last week; stay tuned for videos of the live presentations! 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

Alumni updates

  • FinDEVr New York newcomer Fiserv announces enhancements to its real-time, loan servicing solution, LoanServ.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.
  • PYMNTS.com looks at speculation that Kabbage may acquire OnDeck.
  • BBVA among the latest companies to join Hyperledger.
  • MasterCard introduces new fraud detection solution, Decision Intelligence.
  • Credit Donkey lists StockTwitsDriveWealth, and Personal Capital among its Best Investing Apps of 2017.
  • Forrester recognizes FinDEVr newcomer Outsystems as a leader in low-code development platforms.
  • E-commerce services from Vantiv achieve Oracle Validate Integration. Video of Vantiv’s FinDEVr 2017 New York presentation will be available soon.
  • VISA to enable electronic business payments for SME clients of B2B electronic invoicing network, Viewpost.
  • Fiserv reports nearly 30 banks and CUs deployed its digital banking technology in 2016, taking the total number of FIs using its online banking solutions to 3,500.

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

Finovate Alumni News

On Finovate.com

  • Finovate Alums Populate RegTech Top 100 Power List.

Around the web

  • Moven announces five-year extension of partnership with TD Bank.
  • PyraMax Bank selects DNA account processing platform from Fiserv. Visit our FinDEVr video archives soon to see Fiserv’s presentation this month from FinDEVr 2017 New York.
  • BBVA and SecureKey among the latest companies to join Hyperledger.
  • E-commerce services from Vantiv achieve Oracle Validate Integration. Video of Vantiv’s FinDEVr 2017 New York presentation will be available soon.
  • Netverify from Jumio to validate customer drivers licenses for mobility app, Free2Move. See Jumio at FinovateSpring 2017 next month.
  • Forrester recognizes FinDEVr newcomer Outsystems as a leader in low-code development platforms. Check back soon for video of Outsystems’ FinDEVr presentation from last week.
  • Trulioo expands coverage to Republic of Korea.
  • DAVO Technologies reaches 1,000-customer milestone for its sales tax platform.
  • Blackhawk Network rebrands incentives division as Hawk Incentives.

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.

The Favorites of FinDEVr 2017 New York

The Favorites of FinDEVr 2017 New York

FinDEVr2017_AwardWinners

FinDEVr  2017 New York is in the books. Our second developers conference in New York was a great opportunity to take a look at some of the technologies that continue to drive fintech innovation forward. As always, we asked our attendees to tell us which companies and technologies were best positioned to make the greatest impact on the financial services industry in terms of providing greater security, increased efficiency, and a better user experience for consumers. Here is what our attendees had to say:

Favorite FinDEVr Debut

  • HackerOne for its bug bounty and vulnerability platform that leverages the talent of trusted hackers to improve the online security of organizations and institutions ranging from Twitter and Uber to Qualcomm  and the U.S. Department of Defense.

Favorite FinDEVr Alum

  • Quovo and SoFi for their partnership that shows how an easy-to-use authentication API provides security to accounts at more than 200+ FIs while improving and streamlining the user experience.

Day One Attendee Favorite

  • MapD for its database and visualization layer that transforms Big Data into immersive, instantaneous, and actionable analytics.

Day Two Attendee Favorite

  • Prevoty for its insight into the way embedded, runtime security enables cybersecurity professionals to provide an additional layer of defense against vulnerabilities and fraudulent behavior.

Favorite Established Company

  • BlueMetal for its virtual agents, natural language processing, and conversational UX that transforms the nature of customer engagement in financial services.

Favorite Startup Company

  • Modelshop for its analytic decision platform that enhances the loan origination, portfolio optimization, and fraud prevention processes for both FIs and consumers.

Media Favorite

  • Vantiv for its cloud-based payment app that removes the complexity from financial transactions for both developers and merchants.

Our thanks to our presenting companies, sponsors, partners, and all of you who attended our second developers conference this year in New York. The excitement and enthusiasm for our events only makes us that much more excited for our upcoming FinDEVr debut in London, England in June. If you’re in the U.K. and looking for more insight into the technological side of the fintech ecosystem, then FinDEVr London is the place to be June 12th and 13th. Visit our FinDEVr London 2017 page for more information.

Finovate Alumni News

On Finovate.com

  • Lendio Brings the Franchising Model to Small Business Lending.
  • Excited to see Symphony Software Foundation at FinDEVr NY March 21 & 22. Check out our interview with Executive Director, Gabriele Columbro.
  • Scotiabank and AlphaPoint Wrap Up Blockchain Trial.

On FinDEVr.com

  • RSVP for FinDEVr’s International Debut.
  • PwC Brings Blockchain PoC to London’s Specialty Insurers.
  • Shwayhat Steps Up: Greenkey Technologies Announces New CEO.

Around the web

  • Vantiv to provide payment processing for Tyndall FCU ($1.3 billion in assets). See Vantiv at FinDEVr New York this month.
  • Scalable Capital recognized as only European startup on CNBC Upstart 25 roster.
  • Wealthify lowers minimum investment to £1.
  • Mambu goes live in the Americas with new offices in Miami and new regional managing director.
  • Trustly processes more than €3 billion in payments in 2016, announces UK expansion.
  • Fiserv Expands Contact and Servicing Center into Florida.
  • Yandex Money brings bankers onboard.
  • D+H Mortgagebot named HW Tech100 winner.

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

FinDEVr APIntelligence

FDNY17-Logo-Rev

FinDEVr New York is just over one month away. Visit our registration page today and save your spot as our developer’s conference returns to New York City, March 21 & 22, for two days of APIs, SDKs, case studies, coding examples, and more.

On FinDEVr.com

  • Braintree Hires John MacIlwaine as New CTO.

The latest from FinDEVr New York presenters. Catch them at FinDEVr New York next month!

  • ChartIQ to provide Fidessa with HTML5 charting options.

  • Clutch recognizes Softjourn as one of the top web and software developers in the Ukraine.

  • Fiserv wins inaugural Technology Association of Georgia (TAG) Fintech ADVANCE Award for its Verifast palm authentication technology.

  • Vantiv to provide debit, credit, and ATM processing services for Financial Technology Solutions International.

  • Massachusetts-based bank, Salem Five ($4.2 billion in assets) picks Fiserv as its new technology partner.

  • Vantiv partners with CardFlight to Offer EMV Mobile POS Solution.

Alumni updates

  • Intuit deploys VersaPay ARC for its SME customers and accountant clients.

  • Wave to offer OnDeck business loans and lines of credit courtesy of new partnership.

  • IBM leverages Hyperledger Fabric to support a trade finance-oriented blockchain project in Dubai.

  • Entersekt CIO Gerhard Oosthuizen shares advice on passwords and protecting personal data in Moneyweb.

  • ACI Worldwide teams up with Chargebacks911 to help merchants handle fraudulent chargebacks.

  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

  • Envestnet | Yodlee partners with mobile-only banking startup, Varo Money.

  • Xero partners with Sasfin Bank to offer next generation financial management to small businesses.

  • Betterment unveils new multi-plan offering with access to human advisors.

  • Fidor partners with EPAM Systems to gain access to additional product development and software engineering talent.

  • Avoka names former KPMG executive Matt Lewis as new CFO.

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

Finovate Alumni News

On Finovate.com

  • Narrative Science Brings Automated Portfolio Analysis to FactSet Platform.

Around the web

  • Vantiv to provide debit, credit, and ATM processing services for Financial Technology Solutions International. Join Vantiv at FinDEVr New York next month.
  • Tradeshift clients gain access to Biz2Credit ‘s small business lending marketplace courtesy of new agreement.
  • Massachusetts-based bank, Salem Five ($4.2 billion in assets) picks Fiserv as its new technology partner.
  • D3 Banking promotes former VP of Development, Jeff Marshall to Chief Technology Officer.

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

  • “Finovate Debuts: Test Driving iBank Marketing’s Wallet+””
  • “Fintech Trending: Making Fintech Great Again?”

Around the web

  • LendingTree acquires credit card comparison and education provider, CompareCards.
  • Fiserv adds new UX and UI to its Unified Wealth Platform.
  • Featurespace earns ranking in Deloitte 2016 U.K. Technology Fast 50.
  • Forrester Research names Vantiv a leader in its report on global commerce payment providers.
  • The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) grant Turnkey Lender a fintech award in the SME category.
  • CustomerXPs ranked 31 on the Deloitte Technology Fast 50 India 2016.
  • LiftForward lands $100 million in debt capital.

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

  • “FinovateAsia 2016: A Tale Told in Tweets”

Around the web

  • Vantiv to acquire Moneris USA for $425 million.
  • IBM to help Thailand’s KBank develop blockchain network to fast-track complex corporate credit processes.
  • Aerospike launches new version of platform designed for enterprise customer-engagement apps.
  • Wipro wins 2016 Customer’s Choice award in the IT Provider of the Year category of the Payload Asia Awards.
  • Bill.com introduces new digital payments solution, Bill.com Connect.
  • “Overbond Integrates Thomson Reuters Data Universe to Optimize Price Discovery”
  • MX to power financial data for Tyfone digital banking solutions.

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.

A Look at the First Week of Nasdaq’s Fintech Index

A Look at the First Week of Nasdaq’s Fintech Index

While many of you were busy catching Pikachu last week, you may have missed that Nasdaq, in collaboration with KBW, launched an index to track financial technology. Officially named KBW Nasdaq Financial Technology Index (KFTX), the fund tracks 49 fintech companies, including 17 Finovate and FinDEVr alums.

On Monday, 18 July, the index opened at 1,000 points and closed at almost 1,014 points on Friday, 22 July.

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Finovate and FinDEVr alums listed in the index include:

According to Nasdaq’s press release, the companies in the index “represent roughly one-fifth (18%) of the investable domestic financial universe and nearly 4% of the investable domestic equity universe to account for approximately $785 billion in total market cap.”

It’s worth noting that the index, which will be rebalanced quarterly, does not consider activity from private companies, startups, or banks. Large, public companies may not be as sprightly as two guys in a garage, but they create their fair share of cutting-edge products and services. When creating the index, KBW and Nasdaq adhered to three guidelines:

  1. The companies mainly sell financial services
  2. Not primarily brick-and-mortar operated
  3. Income is generated from fees, rather than interest

Other companies in the index include (each company in the index is weighted equally):

Alliance Data Systems Corp. (ADS); Bankrate Inc. (RATE); Black Knight Financial Services Inc. (BKFS); BofI Holding Inc. (BOFI); Broadridge Financial Solutions Inc. (BR); Cardtronics Inc. (CATM); CBOE Holdings Inc. (CBOE); CME Group Inc. (CME); CoreLogic Inc. (CLGX); Dun & Bradstreet Corp. (DNB); Euronet Worldwide Inc. (EEFT); EverBank Financial Corp. (EVER); EVERTEC Inc. (EVTC); FactSet Research Systems Inc. (FDS); First Data Corp. (FDC); FleetCor Technologies Inc. (FLT); Global Payments Inc. (GPN); Intercontinental Exchange Inc. (ICE); MarketAxess Holdings Inc. (MKTX); Moody’s Corp. (MCO); MSCI Inc. (MSCI); Nasdaq Inc. (NDAQ); S&P Global Inc. (SPGI); SEI Investments Co. (SEIC); Square Inc. (SQ); SS&C Technologies Holdings Inc. (SSNC); Total System Services (TSS); The Western Union Co. (WU); VeriFone Systems Inc. (PAY); Verisk Analytics Inc. (VRSK); Virtu Financial Inc. (VIRT); and WEX Inc. (WEX).

California Bankers Association Selects Vantiv as EFT Processing Partner

California Bankers Association Selects Vantiv as EFT Processing Partner

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Ohio-based Vantiv announced this week it will serve as the payment processing partner of the California Bankers Association (CBA).

More than 100 banks in the state belong to CBA, which is considered one of the largest state banking trade associations and is a long-standing partner of Finovate. CBA member banks have access to Vantiv’s payment processing solutions for credit and debit card payments, as well as ATMs. The banks can also take advantage of Vantiv’s MobiMoney mobile app that promotes safe spending habits among cardholders by allowing them to turn cards on and off, sending them alerts, and enabling them to set parameters around geographic location, merchant type, and transaction amount.

Julianna Graham, SVP of strategic partners at the CBA said that CBA selected Vantiv because of the “scale and scope” of its services, as well as its “proven track record of innovation.”

At FinovateFall 2014 Vantiv launched TriPOS, a payment integration platform solution that is compatible with multiple hardware devices and connects to all authorization providers. In May, Vantiv won the awards for Best Processor, Judge’s Choice, and Consumer Choice in the 2016 CNP Awards. Vantiv, which went public in 2012, will announce its second quarter 2016 financial results on July 28.

Finovate Alumni News

On Finovate.com

  • Sberbank Earns Multiple Honors in Global Finance Awards.
  • California Bankers Association Selects Vantiv as EFT Processing Partner.

On FinDEVr.com

  • Prevoty Wins 2016 Stratus Award for Best Small Company Cloud Security Service.

Around the web

  • ITProPortal interviews Temenos Chief Strategy and Marketing Officer, Ben Robinson.
  • Fiserv launches Grapevine6 to help deliver content over its wealth management network.
  • Quantopian adds new Head of Trading, Dragan Skoko.
  • VISA and PayPal enter strategic partnership to improve payment experience for consumers.
  • Mobile Payments Today quotes Prairie Cloudware co-founder and CMO Michael Carter on banks and mobile wallets.
  • Wealthfront unveils updated iPhone app.
  • ProfitStars earns 2016 Top Workplace commendation from The Tennessean.
  • Espresso Capital features Outside IQ’s creativity in raising capital.
  • Yoyo Wallet expands to Singapore.
  • ThetaRay opens office in Singapore.

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

  • Roostify Announces Integration with PCLender to Streamline Loan Origination Process.
  • New Version of the Pendo Data Platform from Pendo Systems Brings Machine Learning, AI to Spreadsheet Data.
  • Fiserv Makes In-Branch Customer Identification as Easy as a High Five.
  • Radius Selects Chief Product Officer.
  • Tuition.io Has Saved Users More Than 5,000 Years of Student Loan Payments.

On FinDEVr.com

  • Mambu Unveils FinTech Startup Program.

Around the web

  • Indopay to leverage Up eCommerce Payments platform from ACI Worldwide.
  • Thomson Reuters named 2016 European Tax Technology Firm of the Year by International Tax Review.
  • Revel Systems partners with Vantiv Integrated Payments to launch the “Rev Up Your Dream” social media contest.
  • FICO acquires cybersecurity firm QuadMetrics, announces plans for “enterprise security scores.”
  • Betterment named Fastest-Growing Firm in the 2016 Financial Times List of 300 Top Registered Investment Advisers.
  • Independent Research Firm Designates GMC Software a Leader in Customer Communications Management.

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.