Finovate Alumni News

On Finovate.com

  • Stockpile Raises $30 Million to Boost Millennial Stock Ownership.
  • Vera to Provide Data Security Services for GE

Around the web

  • Meniga expands global footprint with new office opening in Poland
  • Mediterranean Bank Goes Live With Infosys Finacle Lending Solution
  • Revolut expands services with cell phone insurance in the U.K.
  • Entrust Datacard joins the Industrial Internet Consortium
  • NYMBUS Introduces Next-Generation Digital Platform For Internet And Mobile Banking
  • CardFlight partners with Dynamics Payments to help businesses affected by Hurricane Maria by waiving monthly and setup fees for SwipeSimple.

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

  • Mexican Payment Processor Chooses Fraud Fighting Technology from Featurespace.
  • Ripple Unveils Expanded Suite of Offerings

Around the web

  • BBVA announces record product sales through digital channels in June.
  • Tennis star Andy Murray revealed to be among 40,000 Revolut users pre-registered for the company’s crowdfunding initiative.
  • DefenseStorm hires Bob Thibodeaux as Chief Information Security Officer.
  • Modo Payments goes dark in Monday “Unnouncement.” Affirms plans to refocus on payments after hiatus.
  • Mashreq deploys Vipera for mobile wallet.
  • NICE inContact introduces CXone cloud customer experience platform.

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

  • Signicat Launches Mobile Authentication.
  • 3 Steps to Take During the Countdown to GDPR and PSD2.

On FinDEVr.com

Around the web

  • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
  • TSYS enables tokenization across its North American commercial card platforms.
  • Catholic Vantage Financial ($98M) hires Insuritas to deploy and manage their insurance agency solution.
  • AuthenticID enhances CatfishAIR Identity Platform to support real-time identity authorization for CNP transactions.
  • Vera announces support for multi-factor authentication solutions from Duo Security, RSA SecureID, and fellow Finovate alum, Twilio.
  • Amsterdam Trade Bank (ATB) to streamline banking, treasury, and finance operations in partnership with Misys.
  • Cisco and IBM team up on security.
  • Glenmede taps IHS Markit for data management.
  • GMC Software launches Business Partner Track for Partner Advantage Program
  • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
  • Jumio announces expansion into new Shoreditch U.K. headquarters.
  • Steve Lewczyk joins Trizic as new 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.

Vera Announces $15 Million Strategic Investment from Hasso Plattner

Data security specialist  Vera announced a strategic investment of $15 million today. The funding was led by Hasso Plattner Ventures (HP-Ventures), and featured the participation of Amplify Partners, Battery Ventures, Clear Venture Partners, Leslie Ventures, and Sutter Hill Ventures. The company’s total capital is now more than $50 million. Ajay Arora, CEO and co-founder of Vera said the investment will help fuel expansion particularly in Europe where new regulations on data security, specifically the General Data Protection Regulation (GDPR), are pending.

GDPR was enacted just over a year ago by the European Parliament and Council in an effort to improve data security for individuals in the EU. The scheduled implementation date of the GDPR is less than a month away on May 25th and observers like Gartner are warning that less than half of companies are will be fully compliant by the end of 2018, much less the end of May. “The GDPR will affect not only EU-based organizations, but many data controllers and processors outside the EU as well,” Gartner research director, Bart Willemsen said. He added that both the threat of “hefty fines” and what he called “the increasingly empowered position of individual data subjects” are pressuring companies to do a better job of protecting personal data.

Pictured: Vera CEO and co-founder Ajay Arora demonstrating Vera Security at FinovateSpring 2016.

And this is where companies like Vera come in. Vera’s technology innovates by securing the data itself. From files and Word documents to images and video, Vera enables companies to control access and the ability to manipulate data after it has left its traditional perimeter of control. During the company’s live demonstration at FinovateSpring, Vera’s Grant Shirk used a single click to secure a word document and an Excel spreadsheet after attaching them to an email. In addition to quickly establishing a variety of access permissions, Vera’s technology also enables digital watermarking, restrictions on the ability to edit (including cut and paste), and provides auditing and tracking.

Underscoring Vera’s uniqueness as its first cybersecurity investment, HP-Ventures General Partner, Yair Re’em credited the company’s “incredible momentum and hypergrowth in markets large and small” as well as Vera’s ability to “help protect and control data after a breach has happened.” He said: “The crumbling state of enterprise security has clearly demonstrated the need for a fundamental paradigm shift in cybersecurity.” Chris Rust, Clear Venture Partners co-founder and General Partner, added that Vera was “the driving force behind a positive and profound shift away from perimeter-based security and towards a more flexible and reliable data-centric model.” Rust will join Vera’s board of directors as part of the strategic investment.

Founded in 2014 and headquartered in Palo Alto, California, Vera demonstrated its technology at FinovateSpring 2016. Earlier this year, the company launched its enterprise communications security solution, Vera for Mail. Last fall, Vera announced that Logica Capital Advisors had selected them to manage business information and internal collaboration files. The company has produced more than 4x revenue growth since launching publicly in 2015 and grown its Fortune 100 customer base by 5x. Vera won the 2017 SC Trust Award Winner for Best Cloud Computing Security in February and, in March, the company was named to CRN’s annual Security 100 list.

Finovate Alumni News

On Finovate.com

  • Vera Announces $15 Million Strategic Investment from Hasso Plattner.
  • Digiliti Money Celebrates Rebrand by Ringing NASDAQ Closing Bell.

Around the web

  • San Francisco Business Times names Blackhawk Network CEO and President, Talbott Roche, an Inspire Award recipient.
  • Baker Hill NextGen to power business intelligence for iQ Credit Union.
  • CrossFirst Bank to leverage nCino’s cloud banking technology.
  • Geezeo launches digital reputation management solution.
  • Kensho launches open source Python package aims to make app configuration easier.
  • Empyr introduces CPR: Cost-Per-Revenue O2O Performance Marketing.
  • Thomson Reuters and S&P Global enter strategic transcript data agreement.
  • Overbond adds swap pricing calculator to its corporate bond intelligence suite.
  • FinovateSpring Best of Show winner Neener Analytics earns finalist spot in Citi Tech for Integrity Challenge.

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.

You’ve Got Mail: Vera Launches Security Solution for Enterprise Communications

VeraSecurity_homepage_February2017

With Vera for Mail, Palo Alto-based data security specialist Vera gives businesses the ability to protect and audit corporate communications, restrict sharing, and revoke access to sent emails. “With Vera for Mail,” said Vera co-founder and CEO Ajay Arora, “the days of email leaks are finally over.”

Vera for Mail enables enterprise customers to take advantage of the convenience of email while enjoying the seamless protection of Vera’s data-centric security platform. From a single console, administrators have complete control and “360 degree visibility” over the contents and attachments in enterprise email communications even after emails have been downloaded, forwarded, or accessed offline. And both email senders and recipients can use the technology without having to rely on key exchanges or proprietary plug-ins.

Vera_stage_FinovateSpring2016

Pictured: Vera co-founder and CEO Ajay Arora demonstrating Vera Security at FinovateSpring 2016.

Ajay Arora, Vera co-founder and CEO referred to Vera for Mail as “the next stage in our long-term quest to protect enterprise data through the last mile, secure every collaboration channel, and ensure the confidentiality and integrity of our customers’ most valuable data.” Calling data encryption, access, and auditing “an absolute necessity” in an increasingly collaborative corporate environment, Arora pointed out that other solutions often fail due to being too complicated or not “foolproof enough” to be relied on for everyday use in the enterprise. In its press release, the company noted a 2017 Cybersecurity Report from Cisco that said that while email continues to be “the primary tool” for transmitting and sharing sensitive data, only 12% of cybersecurity professionals queried said they trusted their firm’s current email security strategy.

Founded in 2014 and headquartered in Palo Alto, California, Vera demonstrated its technology at FinovateSpring 2016. The company’s solutions – including Vera for Files and Vera Platform – are used by more than 300,000 professionals across the Fortune 100, and Vera notes that it actively secures more than 10 million files for its corporate clients.

A finalist in the 2016 RSA Innovation Sandbox Competition in the “Most Innovative Startup” category, and recognized as a SINET 16 winner by Security Innovation Network, Vera was honored as a 2017 SC Magazine Trust Award Finalist for Cloud Computing Security in January. The company has raised $35 million in funding, with its most recent investment a $21 million Series B completed in the spring of 2016.

Finovate Alumni News

On Finovate.com

  • Four Fintech Companies Featured in Forbes 100 Most Innovative Public Companies

Around the web

  • Mambu announces plan to double staff to support 10% month-on-month growth.
  • NCR teams up with MX to bring data-driven money-management to FIs. See MX at FinovateFall in New York this week.
  • Expensify opens new office in Melbourne, Australia.
  • Online currency exchange b-Sharpe chooses Mobile Verify from Mitek for identity verification.
  • Leading hedge fund Logica Capital Advisors selects Vera to manage critical business information and internal collaboration files.

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

  • “FinovateSpring 2016 Best of Show Winners Announced
  • “Vera Reels in Strategic Investment; Adds Former Veritas CEO & Founder to Board”

Around the web

  • Virtual Piggy appoints John R. Coyne as its new CEO.
  • Envestnet | Yodlee initiates strategic partnership with African incubator, AlphaCode.
  • Fiserv launches accounting suite, Prologue Financials.
  • Tuition.io announces support for repayment of Federal Parent PLUS loans.
  • IBM unveils Watson for Cyber Security in collaboration with eight leading universities.

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 Reels in Strategic Investment; Adds Former Veritas CEO & Founder to Board

VeraSecurity_homepage_May2016 What a week for Vera! Within hours of the data security startup’s Finovate debut, the company announced that it had landed a strategic investment from Capital One Growth Ventures. The investment adds to Vera Security’s oversubscribed Series B round, taking the company’s total funding to $35 million.

The Series B was led by Sutter Hill Ventures, with existing investors Amplify Partners and Battery Ventures also participating. Vera_MarkLeslie

The funding news comes with word that former Veritas Software founder, chairman, and CEO, Mark Leslie (pictured right) will join Vera’s board of directors. A 30-year veteran of the Silicon Valley technology scene who served as president and CEO of Synapse Computer and Rugged Digital Systems in the 1980s, Leslie called Vera a leader among a “new class of security startups working  globally to secure data in a completely new way.”

Speaking for Capital One Growth Ventures, Adam Boutin praised Vera’s “elegant solution for securing data through its entire lifecycle” that avoids compromising access, control, or transparency. “We are thrilled to invest in Vera and have been impressed with their team and their ability to build a solution that balances complex functionality with ease-of-use,” Boutin said.

With more than a quarter-of-a-million users at Fortune 500 companies in verticals ranging from finance to manufacturing to entertainment, Vera specializes in providing data protection and encryption that both tracks and secures digital content across apps, devices, users, and platforms in real-time. Emerging from stealth just over a year ago, Vera was a finalist in the RSA Conference Innovation Sandbox Contest in February, the same month the company was named one of the 20 coolest cloud security vendors of the 2016 Cloud 100 by CRN. Also in February, Vera teamed up with Richard Fleischman and Associates (RFA) to provide U.S. hedge funds, private equity firms, and asset managers with its advanced data security technology. Vera unveiled its cloud-based IRM-as-a-Service (Information Rights Management-as-a-Service) platform in March, enabling businesses to “protect and manage access to any data generated by custom-built business applications.”

Led by CEO Ajay Arora, Vera demonstrated its data security technology at FinovateSpring 2016. The video of the company’s demo will be available soon.

FinovateSpring Sneak Peek: Vera

Vera_homepage_April2016

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Vera secures enterprise data wherever it goes, and allows IT to instantly revoke access in unmanaged domains – no agent required.

Features:

  • Secures any file type, ensuring only authorized parties can access sensitive financial information
  • Works no matter where/how the file is stored, or who has it
  • Not tied to any specific technology

Why it’s great

Vera works just as effectively with outside collaborators (clients, auditors, lawyers, banks) as internal employees, without requiring recipients to download or install special programs.

Vera_AjayAroraPresenters

Ajay Arora, Co-founder and CEO

As CEO and co-founder of Vera, Arora is a serial entrepreneur with 20+ years of experience in security and enterprise software.
LinkedIn

 

Vera_GrantShirkGrant Shirk, Senior Director of Product Marketing

As senior director of product marketing at Vera, Shirk is focused on helping global businesses secure and share their critical business information.
LinkedIn

Finovate Alumni News

On Finovate.com

  • “Persado Pulls in $30 Million in Funding Led by Goldman Sachs”
  • “Ally Financial Acquires TradeKing for $275 Million”

Around the web

  • Mistral Mobile unveils its new, two-factor authentication solution, m-Aegis Secure OTP.
  • Azimo announces expansion within Denmark and Sweden.
  • TransferTo adds GGV Capital venture partner, Lee Kheng Nam, to its board of directors.
  • Alpha Payments Cloud teams up with WeCollect to launch China Payments Cloud.
  • Broadway Bank selects Micronotes’s cloud-based marketing automation platform to boost digital customer engagement.
  • RBC partners with BlackRock’s FutureAdvisor for robo-adviser pilot program.
  • “OutsideIQ Chosen To Participate In Brazilian Innovation Summit”

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

  • “Welcome to Day One of FinDEVr New York”

Around the web

  • Irish Tech News interviews Bryan Clagett, Geezeo CMO.
  • The Columbus Dispatch profiles Klarna and its efforts to make online commerce easier.
  • New York Times column on companies helping employees retire student debt features Tuition.io.
  • BankNXT Fintech Podcast chats with Aire founder, Aneesh Varma.
  • GMC Software introduces its Inspire Mobile Advantage solution that helps create a responsive, interactive and regulatory-compliant mobile experience.
  • Vera launches new IRM-as-a-Service platform to allow developers to use Vera’s SDK.

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.