Finovate Alumni News

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • “Emailage Receives Strategic Investment from Wipro”
  • “CurrencyFair Raises €8 Million; Names New CMO”

Around the web

  • Xignite to provide free market data for FinTech Sandbox demo participants. Join Xignite in New York for FinDEVr next week.
  • 3dcart merchants gain access to end-to-end payment processing courtesy of Braintree. See Braintree’s presentation at FinDEVr New York.
  • PayPal to enable money transfers to Cuba via its Xoom acquisition.
  • Markit to supply FinTech Sandbox with fixed-income pricing and reference data.

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

Around the web

  • AdviceRobo nominated to European Fintech 100 rankings.
  • KeyBank selects NICE Actimize for Enterprise Fraud Solutions.
  • ACI Worldwide announces joining real-time payment initiative launched by The Clearing House.
  • Temenos reports 23% profit gain in FY 2015; says developed markets driving growth.
  • Wipro buys U.S.-based HealthPlan Services for $460 million.
  • ProgrammableWeb features Planwise in its Daily API RoundUP.
  • Prosper raises rates on loans.
  • SafetyPay reports 2015 growth: opened offices in Chile and Ecuador, now operates in 19 countries.
  • Lending Club now offers TurboTax integration for Form 1099s.

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:

  • ACI Worldwide helps deliver Domino’s secure, seamless payment experience during SuperBowl Sunday.
  • Britain’s One Financial Markets announces partnership with Swipestox to enable mobile trading. See Swipestox at FinovateEurope 2016.
  • Let’s Talk Payments features Sureify and BankBazaar in a look at insurancetech startups.
  • Wipro wins five-year, IT infrastructure transformation contract with Sweden’s ASSA ABLOY Group.
  • Trade Bank of Iraq forges strategic partnership with Misys.
  • CR2 unveils new logo, new corporate identity.
  • The Telegraph highlights Yoyo, Nutmeg, and True Potential in a column on calculating risk with facial scans.

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:

  • Blackhawk Network acquires NimbleCommerce, a digital commerce platform and network.
  • Wipro wins seven-year, IT-infrastructure contract with international insurer RSA.
  • Visa unveils its new Visa Developer Program, giving developers API-based access to many of Visa’s payment technologies.

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

  • Wipro appoints Abidali Neemuchwala, CEO and member of the board, and names TK Kurien as executive VP.
  • Top Image Systems announces quarter-million-dollar eFLOW5 upgrade project of Hong Kong subsidiary of a top-ten Chinese bank.
  • Let’s Talk Payments interviews Peter Burridge, Hyperwallet CRO and president.
  • PYMNTS interviews WePay’s Global Vice President of Sales and Success Kurt Bilafer about customer intimacy in online commerce.
  • Fortune: How Venmo plans to make money.
  • PayPal and Aramex partner to create www.ishoptheworld.com, a one-stop cross-border marketplace.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Wipro Inks Agreement to Acquire Viteos Group

Wipro_homepage_Dec2015

In a bid to grow its fund accounting and business process services and capabilities, Bangalore-based IT consultancy Wipro has agreed to acquire Viteos Group. The Times of India reports a purchase price of $130 million.

Viteos Group provides a proprietary platform built for cross-border, any asset class, any currency, post-trade operations for the U.S. alternative investment-management industry. The company has offices in New York, New Jersey, London, and the Cayman Islands.

Nagendra Bandaru, SVP and head of business process services for Wipro, says Viteos “brings with it experienced leadership, domain expertise, and unique BPaaS capability.” Speaking for Viteos, company founder and CEO Shankar Iyer referred to the acquisition as the “culmination” of his company’s “search for a global partner.”

Wipro_stage_FEU2015

From left: Wipro General Manager Mukund Kalmanker, Wipro general manager, and Sudhakar Babu Tamminedi, Wipro practice head, demonstrated ngGenie myAdvisor at FinovateEurope 2015 in London.

Terms of the acquisition were not immediately available, and the deal is still subject to regulatory review. The acquisition is scheduled to be complete by the end of March 2016.

The deal combines Viteos Group’s buy-side expertise with Wipro’s sell-side credentials in areas such as reconciliation, settlements, and KYC, among others. President of Wipro, CEO Shaji Farooq explained that the trend of IT services moving toward the “as-a-service” model made a deal like this one with Viteos a priority. “Our strategy is to invest in industry vertical platforms which will provide platform-based services to our clients in a transaction/outcome-based pricing model,” Farooq explained. “Viteos will further our strategy in the capital markets domain.”

Viteos Group is Wipro’s second acquisition of the month. The company announced plans to acquire IT consultancy Cellent AG for €73.5 million early in December and, in June, Wipro launched its e-KYC solution which leverages its AI platform, Wipro HOLMES. The company began the year with a major, multiyear, IT outsourcing contract with Allied Irish Banks (AIB).

Founded in 1945 as Western India Palm Refined Oils Limited, Wipro is headquartered in Bangalore, India. A multinational IT consulting and systems-integration firm, Wipro demonstrated its Wipro ngGenie myAdvisor technology at FinovateEurope 2015.

Finovate Alumni News

On Finovate.com

  • “Lending Club Raises Average Rate 0.25%”
  • “Wipro Inks Agreement to Acquire Viteos Group”

Around the web

  • VentureBeat takes a look at the latest update to Toshl’s PFM app.
  • Insurance NewsNet features Wealthfront, Personal Capital, Hedgeable, and Betterment in a survey of robo-advisers.
  • WooTrader enables direct trading from its platform courtesy of a new integration with Tradier and its brokerage API.
  • GeekWire interviews CEO BJ Lackland of Lighter Capital.
  • Fidelity Clearing & Custody to offer clients protection from EverSafe at a reduced rate.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

Around the web

  • Financial Times talks with Zopa CEO Giles Andrews and his plan to disrupt banks.
  • Wipro acquires Cellent in 73 million euro deal.
  • Actimize from NICE Systems reaches 150 million customer milestone with its anti-fraud, cybercrime protections.
  • Radius launches improvements to its Global Payroll tool by introducing a way for employers to consolidate payroll across jurisdictions.
  • Xero introduces podcast series for small business.
  • Tech in Asia names Tradehero one of five interesting startups from Singapore.
  • Meniga partners with Bankdata to provide personal finance management to 11 banks in Denmark.
  • First Castle Federal Credit Union partners with BancVue.

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

  • Intelligent Environments to Enable Online Banking with Emojis Instead of Passwords

Around the web

  • KeyPoint Credit Union ($1 billion in assets) to deploy Architect Banking Solution from ACI Worldwide.
  • Misys welcomes Simon Paris, president and chief sales officer.
  • Wipro introduces its e-KYC solution based on its AI platform, Wipro HOLMES.
  • The 42 looks at Lending Club and Zopa in its feature on why people “should embrace P2P lending.”
  • EverSafe celebrates “World Elder Abuse Awareness Day” with its top tips to prevent elder financial exploitation.
  • Business Insider previews the looming competition between Stripe and Klarna as the former enters the Nordic market.
  • Pacific Life chooses GMC Inspire from GMC Software Technology to improve customer communication workflow.
  • IR Magazine highlights StockViews in a column on how innovations in fintech impact investor relations.
  • NerdWallet turns to Trulioo CEO Stepehn Afford on the topic of protecting small businesses from cyberthreats.
  • Renaud Laplanche of Lending Club wins spot among Glassdoor’s Highest Rated Small Business CEOs for 2015.
  • The Seattle Times profiles LendingRobot.

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: OnlinePay.com’s Mobile Wallet Review.

Around the Web:

  • Estonian Inventor profiles TransferWise.
  • Wipro names Rajan Kohli to head the company’s year-old digital business unit.
  • Nomis Solutions partners with Tangerine to develop new customer engagement models.
  • Arxan Technologies wins finalist spot in SC Awards 2015 Europe for Best Mobile Security Solution.
  • Malay Mail Online feature on rob-advisors looks at Betterment, FutureAdvisor, LearnVest, Motif Investing, Personal Capital, and Wealthfront.
  • Milano Finanza reviews SecureSafe.
  • Kalixa leveraging recent acquisition of PXP to transition from DTC to B2B offering.
  • Zooz opens new office in London.
  • Globe Street interviews Realty Mogul’s SVP of residential lending, Shea Palette.
  • Xignite customers gain access to OTC Market Group’s 15-Minute Delayed Level 1 data courtesy of new agreement.
  • Business Insider UK lists Blockchain as one of the 25 most exciting Bitcoin startups.
  • American Banker: BBVA Compass chooses Kony for Mobile App Development.
  • Top Image Systems to provide processing solutions and account automation technology to German utility.

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.

With Wipro’s ngGenie myAdvisor, Users Receive Personalized Banking Assistance

WiproLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Wipro debuted ngGenie myAdvisor:

Wipro ngGenie™ myAdvisor truly provides the ‘Next Generation Banking Experience’ for customers. The Wipro ngGenie™ myAdvisor can have an interactive conversation with you in natural language using voice and gestures. Wipro ngGenie™ myAdvisor learns from your spend patterns, banking transactions, retail transactions, and your social transactions and provides personalized assistance.

It is able to adapt to the user, understand context, and provide the right kind of assistance. It learns from the user’s actions and is able to predict user action as well as provide timely help. Wipro ngGenie™ myAdvisor covers a broad range of functionalities across branch, call center, and web, and provides omnichannel experience.

Presenters: General Manager Mukund Kalmanker and Practice Head Sudhakar Babu Tamminedi
 
Wipro_7899.JPG
Wipro_7903.JPG
Product launch: May 2015
Product distribution strategy: Through financial institutions
HQ: Bangalore, Karnataka, India
Founded: December 1945
Website: wipro.com
Twitter: @wipro

Alumni News– January 30, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgWipro wins multi-year, IT outsourcing contract from Allied Irish Banks (AIB). Join Wipro in London for FinovateEurope 2015 next month.
  • The Financial Services Blog features more than 20 Finovate alums in its look at the 50 most innovative FinTech firms.
  • MasterCard PayPass partners with St. Petersburg Metro to bring contactless payments to Russian subway.
  • Blackhawk Network unveils Blackhawk Engagement Solutions to build customized incentive and rewards programs.
  • FinovateEurope 2015 Sneak Peek: Part 6 is now up.
  • American Banker highlights Cloud Lending’s role with banks.
  • PYMNTS interviews TSYS Merchant Solutions’ Tom Boyer about changes in the payments acquiring space.
  • Bolstr Raises $1.7 Million in Seed Funding.
  • The blog herald shares an infographic detailing online security methods: Nymiband, Myris, Eyeverify, BehavioSec, Entersekt.
  • Lifehacker features Betterment, Mint, Personal Capital as tools to manage your investments.
  • Bitcoinist features Bitbond. Check them out at FinovateEurope February 10 & 11.
  • BetaBoston: After a successful 2014, student services company SimpleTuition rebrands as Valore.
  • Mitek Q1 revenue up 21% YOY; reports 3,300 financial institutions now signed & 2,700 live.
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.