Finovate Alumni News

On Finovate.com

  • Lendio Acquires Billy, Launches Cloud Accounting Software.
  • Daon’s New Features Bring Two-in-One Approach to Onboarding, Authentication.
  • CrediVia Adds Multifamily Options to Financing Platform.

Around the web

  • Busey Bank selects Jack Henry’s SilverLake System to improve workflows and enhance digital capabilities.
  • SMArtX Advisory Solutions to power managed accounts for Independent Financial Partners.
  • Gaming rewards and marketing firm Refereum hires Hacker One for its new bug bounty cybersecurity campaign.
  • Onfido teams up with MoneyNetint to help the U.K.-based cross-border money transfer company expand its ability to verify customers.
  • Arkose Labs launches private bug bounty program with Bugcrowd.
  • Tesco For Business leverages Blackhawk for U.K. gift card program.
  • ID R&D ships new version of IDVoice that combines AI and voice technology to increase biometric matching speed and improve enrollment and authentication.
  • VERA names Bill Gadala Chief Financial 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

  • Once SaleMove, Glia Raises $20 Million in Post-Rebrand Funding.
  • Doxo to Provide Electronic Billpay Solution to R.R. Donnelley & Sons Company.

Around the web

  • Low code development platform OutSystems reports record revenues for 2018.
  • NICE Robotic Process Automation (RPA) teams up with CallVU.
  • Finastra named a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment report.
  • Kony named a leader for low-code development platforms by independent research firm.
  • OurCrowd announces it has raised $1 billion to date.

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

  • SigFig Buys SmartWealth from UBS.

Around the web

  • Compass Plus migrates Brazilian prepaid card issuer, BPP, to its platform.
  • UBS shutters its robo advisor, SmartWealth, selling technology to SigFig.
  • Azimo forges strategic partnership with African payments business, Interswitch Group.
  • BehavioSec unveils its Behavioral Biometrics Platform, which boosts security with invisible, continuous authentication.
  • PayPal’s Xoom partners with Ria Money Transfer to accelerate global expansion in 86 countries.
  • Bluefin and SoftPoint partner for comprehensive PCI-Validated P2PE solution for POS systems.
  • NCR appoints Andre Fernandez as Chief Financial Officer.
  • Kony teams with Payveris to help banks deliver digital money movement services.
  • Cryptoline News: Payfone’s technology now used to prevent SIM swap attacks.

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

  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

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.

Vera Partners with Canon to Enable Data Security Across Devices and Services

Courtesy of a partnership announced today, next generation data security specialist Vera will secure all information processed by Canon Solutions America’s fleet of multi-function devices, digital imaging tools, and services. Canon will access Vera’s data protection and rights management platform via its Enterprise Solutions business to enable secure data capture, detailed auditing, and data privacy.

“Canon’s products are at the center of how businesses around the world work, and we’re inspired by their philosophy of working together for the common good,” CEO and co-founder of Vera, Ajay Arora said. “By taking a data-centric approach to security, Canon Solutions America is laying the foundation for the most impenetrable walls of the Information Age.”

Left to right: Carlos Fernandes (CEO, Agile Cybersecurity Solutions), Peter Kowalczuk (President, Canon Solutions America), and Ajay Arora (CEO and co-founder, Vera) during the One Canon Event 2018.

Vera’s platform empowers its customers to encrypt, monitor, and manage how digital content is accessed regardless of how or where it is stored. Control over data is maintained whether the data is at rest, in use, or in transit, giving users a unique ability to protect critical information from data breaches and loss. Canon Solutions America will deploy Vera’s technology to secure content and file sharing for both local storage and cloud content; provide dynamic, multi-factor authentication for highly-classified or sensitive data; and ensure compliance with EU regulations with regard to GDPR via a “360-degree audit trail and chain of custody.”

“By partnering with Vera,” Canon Solutions America president Peter Kowalczuk said, “we can ensure security and confidentiality for any information captured by a Canon device, and help secure workflows across a complex organization. Vera’s seamless user experience and powerful platform will make it one of our hallmark solution offerings nationally, and worldwide,” he said.

Vera demonstrated its zero-touch, zero-friction data protection technology at FinovateSpring 2016. Founded in 2014 and headquartered in Palo Alto, California, Vera began the year with a set of new hires, bringing on board its first chief financial officer, Sam Wolff, and adding technical talent in the form of Wesley Yeremenko, who will serve as the company’s SVP for Engineering.

Last fall, the company launched its Vera for Mail solution, which provides enterprise-grade encryption for email as well as the ability to dynamically change access rights in real-time. Vera announced a new partnership with GE in September, protecting the company’s product designs, intellectual property, and proprietary data. Winner of the 2017 CyberSecurity Breakthrough Award, the company has raised $50 million in funding, and includes Hasso Plattner Ventures, Sutter Hill Ventures, and Battery Ventures among its investors.

Finovate Alumni News

On Finovate.com

  • Jack Henry Marks 100 Bank Clients Using Geezeo-Powered Service.
  • Vera Partners with Canon to Enable Data Security Across Devices and Services.

Around the web

  • Moneyhub sends CTO to Europe to implement PSD2 strategy.
  • CREALOGIX, Temenos, and Thomson Reuters win in Asian Private Banker Technology Awards.
  • Alfa Bank teams with Ingenico to enable local card processing in Russia for international merchants.
  • ThreatMetrix President and CEO Reed Taussig recognized by One World Identity as one of Top 100 Influencers in Identity.

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.

Vera Hires First Chief Financial Officer and Adds Technical Talent

Enterprise data security specialist Vera is starting the new year with a pair of big new hires – including the company’s first chief financial officer.

“Vera has a phenomenal opportunity ahead of it to transform the data security market and redefine how enterprises protect their most valuable data,” Sam Wolff, Vera’s new Chief Financial Officer said in a statement. “It’s a very exciting time to be joining a company with such potential.”

Wolff (pictured above) comes to Vera after serving as Chief Financial officer for Birst, a cloud-based business intelligence software solution provider acquired by Infor earlier this year. Previous to this, he was CFO for digital ad targeting data management platform, BlueKai. Wolff also spent several years working with Yahoo! in corporate financial planning and analysis, investor relations, and other areas. Wolff has a Bachelors degree from Harvard University and earned his MBA in Finance from Indiana University Bloomington.

Vera CEO and co-founder Ajay Arora praised Wolff’s “deep experience leading durable SaaS businesses,” and said the hire was part of the company’s effort to “level up our ability to scale both our organization and our technology.”

The other part of this effort was the hiring of new senior VP of Engineering, Wesley Yeremenko (pictured below). Formerly the head of Advertising Technology at Adobe Primetime, Yeremenko was also Chief Technical Officer for Auditude (since acquired by Adobe), and VP of Engineering for OpenDNS (since acquired by Cisco), and AdBrite. He has a Master of Science from Kiev State Polytechnic University. Arora highlighted Yeremenko’s nearly 20 years of experience working with high-scale, high-visibility SaaS systems and his “proven ability to build internet-scale platforms.”

Founded in 2014 and based in Palo Alto, California, Vera demonstrated its Vera Security solution at FinovateSpring 2016. The company’s focus on protecting data in transit in real time across users, devices, apps, and platforms has earned Vera partnerships with firms ranging from General Electric to fellow Finovate alum, Twilio. In November, Vera launched its enterprise-grade encryption for e-mail solution, Vera for Mail. Last May, the company announced a $15 million strategic investment from Hasso Plattner that took Vera’s total capital to more than $50 million.

Finovate Alumni News

On Finovate.com

  • Vera Hires First Chief Financial Officer and Adds Technical Talent.
  • Akamai Appoints Former Verizon CIO as Chief Information Officer.
  • Wealthfront Rakes in $75 Million.
  • Daon Forges Strategic Partnership with North African Technology Innovator GEMADEC.
  • Ghana Government to Leverage Entrust Datacard to Issue National ID Cards.

Around the web

  • Fintech News names Flywire 1 of 8 promising fintechs in Singapore to watch.
  • IDology listed among 50 fastest growing tech companies in 2017.
  • Fiserv VP of Product Strategy for Card Services, Jon Rosner talks about the pace of digital wallet adoption.

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.

Vera for Mail Delivers Enterprise-Grade Encryption for Email

Security specialist Vera unveiled its latest solution for sharing and securing enterprise data today: Vera for Mail. Now generally available, the new technology protects confidential correspondence, classifies messages, and dynamically changes access rights in real-time. Vera for Mail enables automatic encryption of email messages and attachments, providing better control over sensitive information.

“The significant rise in data breaches from compromised email is changing how companies think about protecting their critical communications,” Vera CTO and co-founder Prakash Linga said in a statement. Warning that a lack of control over sensitive correspondence means “losing the battle” against cybercrime, Linga added “by leveraging the same encryption, classification, rights management, and tracking that powers our file security products, we can achieve what other solutions can’t: simple, data-centric security for email that just works.”

Vera CEO and co-founder Ajay Arora demonstrating the company’s data protection technology at FinovateSpring 2016.

Launched as a private beta this spring, Vera for Mail gives workers, contractors, partners, and third parties the ability to control sensitive information after it leaves the organization. The technology provides complete visibility into all email access attempts and enables the user to manage and track access and sharing. Additionally, the solution allows users to dynamically watermark emails, restrict ability to take screenshots, and limit or prevent email forwarding. Vera for Mail can also be automated to provide security, manage access, and track sharing for both internal and external email correspondence in complex enterprises.

Announcing the general availability of the technology at the Vera blog, VP of Marketing Grant Shirk underscored the importance of a security solution that does not compromise the user experience – “Truly, this is where prior attempts at making email security work in the enterprise have failed,” he noted. Instead, Vera for Mail enables “securing an email … as easy as pressing send” through a combination of dynamic data protection and “an experience purpose-built for collaboration,” Shirk wrote. Vera for Mail works with popular email clients such as Outlook and Apple Mail, and can also be deployed with browser-based email clients like Gmail.

Vera made its Finovate debut last year, demonstrating its security platform at FinovateSpring 2016. Last month, the company announced that it would provide data security services for General Electric. In May, Vera reported that it would provide support for multi-factor authentication solutions from a trio of companies including fellow Finovate alum, Twilio. Founded in 2014 and headquartered in Palo Alto, California, Vera has raised $50 million in funding, including a $15 million strategic investment earlier this year. Hasso Plattner Ventures, Sutter Hill Ventures, and Battery Ventures are among the company’s investors.

Finovate Alumni News

On Finovate.com

  • Vera for Mail Delivers Enterprise-Grade Encryption for Email.
  • Clinc Goes Global with Deployments in Six Countries, Signs Deal with Turkey’s Biggest Private Bank.

Around the web

  • IBERIABANK selects nCino to Support Growth and Enhance Client Experience
  • BlueVine wins Best Business Finance Provider, North America (Winner) in trade finance global awards.
  • Zighra receives second U.S. patent for passive authentication system.
  • Q2 announces financial services and technology veteran Christine Petersen as Chief Revenue 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.