Finovate Alumni News

On Finovate.com

  • “Munich-Based Fidor Bank Launches in the UK” —Check out Fidor Bank at FinDEVr, 6/7 October, in San Francisco.

Around the web

  • New P2P lending app, Ledge, leverages Venmo technology.
  • CNET features Wealthfront, Betterment, FutureAdvisor, SigFig, and Personal Capital in a look at investment in robo-advisers.
  • American Banker profiles PaySwag and its strategy to put a gamified face on debt collection.
  • Kashoo unveils version 4.4 of its iOS app.
  • American Legion magazine interviews Mark Rockefeller, StreetShares CEO and co-founder.
  • itBit announces new higher withdrawal limits.
  • Digital Retail Apps CEO and founder Wendy MacKinnon Keith wins 2015 Women in Payments Innovation Award.
  • InvestorJunkie lists its top 15 robo-advisers, featuring eight Finovate alums.
  • Braintree and PayPal reflect on their two-year anniversary. See Braintree show off its APIs at FinDEVr in San Francisco, 6/7 October.
  • EQ features DAVO’s sales-tax solution.
  • Bank Innovation highlights Ldger’s demo at FinovateFall last week.
  • Forbes features Aerospike. See Aerospike’s presentation at FinDEVr San Francisco on 6/7 October.

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

  • “SumUp Raises €10 Million in Round Led by BBVA Ventures, Groupon, American Express”

Around the web

  • In its fiscal year 2015, Avoka signs record number of clients and experiences 70% year-on-year bookings growth.
  • Yodlee is accepting applicants for its upcoming Ynext Incubator class.
  • Markit acquires FX trade-processing specialist DealHug. See Markit at FinDEVr 2015 in San Francisco in October.
  • Emailage opens European data center.
  • After BlackRock’s acquisition of FutureAdvisor, ThinkAdvisor considers the fate of Wealthfront and Betterment.
  • Forbes looks at Mint, MaxMyInterest, Moven, and Venom in a discussion on the connection between mobile, messaging, and financial services.
  • Mainstream features a quote from founder of DoubleNet Pay, CEO Brian Cosgray, on the impact of debt on new retirees.

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

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than 6 weeks away!) in San Francisco.

Developer news

  • Royal Bank of Scotland to host hackathon in partnership with Open Bank Project.

The latest from upcoming FinDEVr 2015 presenters

  • PayPal’s One Touch Instant Checkout platform is now available in 13 new markets.
  • Let’s Talk Payments looks at Venmo and its new group-payments feature.
  • Intuit to sell off Quicken with no plans to divest Mint or Mint Bills.
  • Yodlee cites innovations from PayPal, Credit Karma, Personal Capital, and ReadyForZero in its 7 Habits of Highly Successful Fintech Startups.

Alumni updates

  • Global News interviews Karl Martin, Nymi CEO and founder.
  • The Denver Post profiles Broomfield-based Avoka Technologies. See Avoka at FinovateFall 2015 in New York City in September.
  • CIO cites Avoka’s win of most innovative customer solution in Citi’s demo day in London.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “More than 30 Alums Earn Spots on the Hot Topics 100 Most Influential People in Fintech Roster”
  • “Finovate Debuts: How DRAFT Offers Transparency into Investment Performance”

Around the web

  • Patch of Land to directly secure all existing and future loans with underlying collateral.
  • The College Investor reviews FutureAdvisor.
  • The Denver Post profiles Broomfield-based Avoka Technologies. See Avoka at FinovateFall 2015 in New York City in September.
  • Matchi launches new insurance category.
  • Pymnts interviews Flint Mobile’s CEO Greg Goldfarb on how its solution will adapt to the upcoming liability shift.
  • Larky to power CoastHills Credit Union’s privi, a mobile app that delivers instant member savings and loyalty.
  • Let’s Talk Payments looks at Venmo and its new group-payments feature.
  • Payoneer partners with freelance jobs platform, Nebbish.com.
  • Expensify launches real-time expense reports.
  • Royal Bank of Scotland hosts hackathon in partnership with Open Bank Project.

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 Alums Featured Among Top Hackathon Payment APIs

DevPost_homepage

Devpost, the self-described “home for hackers” formerly known as ChallengePost has released data from nearly 10,000 student programming projects that finally answers the question: When the going gets tough and the competitive coders get coding, which language do they choose?

You can find the answer to that question here—hint: rhymes with HTML/CSS—along with the full report from Devpost. JavaScript came in second, and Python in third, but what caught our eye were the top payments APIs. After more than 150 hackathons involving more than 13,000 hackers, which payment APIs were most in demand?

  1. Venmo
  2. PayPal
  3. Stripe
  4. Braintree
  5. Blockchain

It was no surprise to see Finovate and FinDEVr alums among the pack. Venmo is a Finovate alum, having demonstrated its Venmo Touch technology with Braintree at FinovateSpring 2013. And PayPal, Blockchain and Braintree all presented at the inaugural FinDEVr 2014 conference for developers in San Francisco last fall. Braintree will be back again this year for FinDEVr 2015 in San Francisco.

WebDevpost’s survey of student hackers is based on the 2014-2015 academic year. The data set included 13,281 student hackers from 160 student hackathons featuring 9,898 individual projects.

In a note about the report, the authors emphasized that sponsorship matters when it comes to being “the one that gets used” by builders. “If you show up and participate,” the authors wrote, “hackers will use your technology.”

paypal_logo_new“We looked at the 20 companies that sponsored two or more student hackathons in 2014 and had 50 or more overall projects tagged with their technologies,” the authors wrote. “Nineteen of those companies had a higher prevalence of tags when they sponsored, including 11 tagged more than twice as often when they sponsored.”

As ChallengePost, the platform served as a place for online competitions in general. But as the number of software and technology competitions began to grow, the company shifted direction to focus on “software-developer hackers.”

braintree_logo_new“Hackers make stuff and exhibit imagination, ingenuity, self-confidence, and a collaborative spirit,” wrote Brandon Kessler, company founder and CEO. “That’s who we are too, and we wanted to support the community around it.”

BlockChain_logoDevPost has powered more than 700 in-person hackathons, and partnered with companies like Uber, AT&T and IBM to help build developer communities. The company was founded in 2009 and is headquartered in New York City. The student report was DevPost’s first, but the company plans to publish rankings periodically, and encourages hackers to tag the technologies they use.

*Post updated to add FinDEVr 2014 alum, Blockchain.


If you’re interested in learning more about the technologies engineers and developers are using to build the fintech innovations of tomorrow, join us in San Francisco, October 6-7, for FinDEVr 2015: the premier event for fintech developers.

Finovate Alumni News

On Finovate.com

  • “FinovateFall 2015 Presenting Companies Announced

Around the web

  • Pymnts interviews Karmic Labs CEO Ryan Weidenmiller.
  • Kony Announces Asia Pacific and Japan Expansion.
  • Bankless Times features Cloud Lending Solutions.
  • Let’s Talk Payments names multiple FinDEVr alums in its list of 29 APIs to Consider Before Building Any Fintech Product.
  • Betterment, Financial Guard, Personal Capital, Vanguard, and Wealthfront are featured in a Bloomberg Business column on options for new investors.
  • Samsung introduces its Loop-equipped Samsung Pay app in South Korea.
  • Tamebay interviews Peter Plewman, CurrencyTransfer.com director, on the volatility of the euro.
  • Trulioo taps identity and fraud specialist, Jon Jones, as new company president.
  • Business Insider looks at “transformative” fintech leadership at companies like Braintree, Coinbase, PayPal, SamsungPay (with Loop), and Venmo.
  • Forbes highlights Zopa in its review of the growth of P2P lending in the United Kingdom.

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

  • “Realty Mogul Builds $35 Million in New Funding”
  • “Fastacash Secures $15 Million in Series B Investment”
  • “Fenergo Raises $75 Million from Insight Venture Partners”

Around the web

  • InComm adds new brands to its Incentives e-commerce site, including vacation brands.
  • Green Dot opens subsidiary in Shanghai.
  • Citizens 1st National Bank introduces mobile remote deposit capture with integration of Malauzai SmartApp, Ensenta mRDC.
  • Liz Loewy, senior vice president for EverSafe, spoke about elder financial abuse at White House Conference on Aging.
  • Arxan Technologies partners with Sequent to develop new security solution to protect HCE-based payment systems.
  • Five Degrees appoints Peter-Jan van de Venn as new chief commercial officer.
  • BBVA Group inks strategic agreement with the Alliance for Financial Inclusion.
  • Business Insider names executives of Braintree, PayPal, Coinbase, and Venmo as 5 of 10 execs who are transforming the fintech industry.
  • Kotak Securities and Heckyl launch real-time news and market-info apps.
  • Cachet Financial Solutions to deploy Select Mobile Money platform for SOLE Financial’s Visa Paycard.
  • MyOrder teams up with WirecardGroup to issue contactless mobile cards using HCE technology.
  • Algomi wins “FinTech Innovation of the Year” honors at 2015 Euromoney Global Awards for Excellence.
  • Wealthfront lowers its minimum investment to $500.
  • Bank Innovation takes a look at how startups like SizeUp help banks work better with small businesses.
  • Authentication specialist BioCatch earns a pair of patents from the U.S. Patent Office.

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

  • “PayPal’s Braintree Tapped to Turn Pinterest Browsers into Consumers”
  • “EyeVerify’s Partnership with Turkish Reseller Yields Vodafone Contract”
  • “U.K.-based TransferWise: Growth and Metrics Updates

Around the web

  • TradeHero updates mobile iOS app.
  • WSJ features how Venmo helps users instantly move money more cheaply.
  • Apple lists Xero among group of business apps Apple is using to market the iPad for use in business.
  • Indianapolis Business Journal looks at the rise of robo-advisors Betterment, Wealthfront, Hedgeable, and Motif Investing.
  • TSYS launches its Chip Card on Demand to help issuers make the transition through the October chip-liability shift.
  • Top Image Systems unveils its new mobile account opening and onboarding app, MobiENROLL.
  • Benzinga interviews Igor Gonta, CEO of Market Prophit, on the launch of his Twitter-based, social media, smart beta index.
  • Fox Business features Planwise, LendUp, Trulioo, Plaid, Wealthfront, TrueAccord, WePay, Flint, Lending Club, Prosper, LendingRobot, and FutureAdvisor in its roundup of “30 Hot Fintech Startups to Watch.”
  • New York Business Journal reviews its gamification strategy of PFM solution, Qapital.
  • Financial Times profiles LendUp and the “grubby end of U.S. debt.”

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

Around the web

  • Glenbrook Partners’ whitepaper features PayNearMe.
  • mBank reports that six months after launching Light Branches, basic banking product sales have tripled in Light Branches compared to traditional branches.
  • PYMNTS features comments from Blackhawk Network, CashStar, FIS, SimplyTapp, and Vantiv on social commerce.
  • MasterCard partners with Premier Bank in expansion into Somalia.
  • Nomis Solutions launches upgrade of its price-optimization suite.
  • D3 Banking announces that its solution is now available in a hosted environment.
  • Blooom CEO and co-founder Chris Costello talks about his company’s relationship with Yodlee.
  • ThinkAdvisor features eMoney Advisor, Vanguard, Wealthfront, Betterment, FutureAdvisor, and Jemstep in a column on the changing environment for financial advisors.
  • Sonavation CTO Rainer Schmitt wins award from the IEEE Technical Committee on Communications Quality & Reliability.
  • TechCrunch features PayPal’s Venmo office.
  • Verizon Ventures welcomes SimplyTapp to its portfolio.
  • On the Money Radio’s Steve Pomeranz interviews MaxMyInterest CEO and founder Gary Zimmerman.

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

  • PayItSimple Pulls in $10 Million Line of Credit
  • Ripple Labs Reels in $28 Million, Eyes Asia Expansion
  • P2P Lending Meets High Street Banking as Metro Bank Partners to Lend via Zopa
  • Credit Sesame Raises $16 Million in New Funding
  • Planwise Raises $750,000, Nearly Doubling Total Capital

Around the web

  • Fox Small Business News names 11 Finovate alums in list of Hot Fintech Startups to watch.
  • Edenred México S.A. incorporates INETCO’s Insight software platform.
  • D3 Banking taps Jeffrey Walker as chief information security officer.
  • MasterCard launches P2P payments service, MasterCard Send, to help businesses reimburse rebate consumers without checks.
  • nTrust to deploy ID verification technology from Trulioo.
  • North American Savings Bank (NASB) partners with ACI Worldwide for online, mobile banking and billpay.
  • Avoka, Bill.com, BillGuard, CoinBase, Credit Karma, Jumio, Kabbage, Kreditech, OnDeck, Prosper, TransferWise, Trulioo, Venmo and WePay earn spots on Inc.com’s “20 Financial Technology Startups You Need to Know.”
  • ImageWare selects ValidSoft’s voice biometrics solution.
  • Kony teams with Citrix, to offer customers a mobile app solution from mobile design and development to enterprise mobility operations.
  • Altifi.com features Cloud Lending Solutions’ Cloud Lending Exchange.
  • ZD net: Intuit tightens PayPal integration with data synchronization 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.