FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

  • Nubank Raises $80 Million in Series D Funding”

The latest from FinDEVr Silicon Valley presenters

  • Aerospike announces 100% year-over-year bookings growth.
  • NuData Security partners with Arvato Financial Solutions to combat fraud and enable a smoother customer experience.

Alumni updates

  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.
  • Commerce Bank chooses Temenos to upgrade core deposit banking system.
  • Token signs memorandum of understanding (MoU) with Fidor Bank for digital payments.
  • PYMNTS.com interviews Nick Thomas, cofounder of Finicity, in the wake of his company’s latest funding round.
  • Arxan Technologies wins six industry IoT security awards.
  • TemenosMarketPlace receives the Banking Technology Readers’ Choice Award for “Best emerging/innovative technology product/service” at the Annual Banking Technology Awards.
  • InComm expands partnership with Target Australia to offer gift cards in stores and online.
  • PayPal teams up with Citibank, FIS to expand cross-channel presence.

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

Finovate Alumni News

On Finovate.com

  • “Socure Raises $13 Million in New Capital”
  • “Investment from Rakuten Boosts Kreditech’s Total Capital More Than $10 Million”
  • “Personal Capital’s Growth Leads to Additional $25 Million in Funding”

Around the web

  • eToro forges strategic partnership with Lufax Holding, China’s largest internet financing company.
  • PayPal teams up with Citibank, FIS to expand cross-channel presence.
  • NICE Systems celebrates record year in customer acquisitions.
  • SocietyOne appoints Maria Loyez as chief marketing officer.
  • NuData Security partners with Arvato Financial Solutions to combat fraud and enable a smoother customer experience.
  • Quantopian hires Marc Volpe as chief financial officer.

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

On Finovate.com

Around the web

  • RealtyMogul.com surpasses $50 million milestone in distributing returns and principal to investors.
  • Roostify teams up with Equifax to ease and accelerate mortgage-decision processing.
  • FinDEVr alum Worldpay launches new, omnichannel payment platform, Worldpay Total.
  • Modo Payments to provide Bank of America Merrill Lynch with access to its COIN Operated Digital Payments Hub as part of new strategic relationship.

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

  • Boku Lands $13.75 Million in Venture Funding

Around the web

  • Tradeshift, Taulia, and GoodData earn spots on Battery Ventures/Glassdoor’s “50 Highest Rated Private Cloud Companies to Work For” roster. See GoodData next week at FinovateFall in New York.
  • Sesloc FCU picks Symitar Episys core system from Jack Henry & Associates for in-house processing.
  • Q2 announces redesign of its corporate website.
  • First Annapolis interviews Cardlytics CEO Scott Grimes, co-founder.
  • NCR honored by 2016 Industrial Design Excellence Awards.
  • NuData Security Included in Industry Analyst Reports by Gartner for Fraud Detection
  • Top Image Systems names Brendan Reidy CEO.
  • Worldpay renews Ingenico terminal contract.

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

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

The latest from upcoming FinDEVr New York 2015 presenters

  • PayStand to power new online payments service from ONE UP.
  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace.

Alumni updates

  • PYMNTS reports: Worldpay transactions up 14% post-IPO.
  • Mitek launches mobile deposit in the United Kingdom with other countries to follow.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Xero extends partnership with MidPoint to make cross-border procurement easier.
  • Personal Capital exceeds $2 billion AUM.

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

Finovate Alumni News

On Finovate.com

  • “Pamela Joseph Tapped as New President, COO at TSYS
  • “Wells Fargo to Deploy Biometric Authentication Technology from EyeVerify

Around the web

  • PYMNTS reports: Worldpay transactions up 14% post-IPO.
  • Mitek launches mobile deposit in the United Kingdom with other countries to follow.
  • Dwolla’s Jordan Lampe contributes TechCrunch article about the state of faster payments in the United States.
  • Fiserv adds new features to its Unified Wealth Platform.
  • Jack Henry’s ProfitStars division unveils its ECS RDC conversion technology.
  • Betterment to extend account aggregation to all its customers.
  • BBVA Compass introduces Sandra Lee as brand ambassador to its BrightFutures platform.
  • Zooz reports that Gett, an on-demand taxi service, now routes global transactions through its 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.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on 29/30 March 2016. Stay tuned for details.

Developer news

  • TechCrunch: Rakuten Launches $100 Million Global Fund for Fintech Startups.
  • GitHub is rolling out a redesign for code repositories.
  • New Relic Now Lets Developers Dive Deeper Into Their Analytics.

The latest from FinDEVr San Francisco 2015 presenters

  • Hyperwallet launches loyalty program for independent workers.
  • Arxan announces cyber security scholarship program.
  • Avoka introduces digital account opening from within Salesforce.
  • Kabbage to power Sage’s small business loan offering.
  • Market intelligence provider Ipreo selects Xignite to provide real-time and delayed equity prices to its Investor Relations platform, BD Corporate.
  • Nexmo announces partnership with Netherlands KLM.
  • CenturyLink adds former U.S. Senator Mary Landrieu to its board.
  • Banking CIO Outlook magazine features Praesidio.
  • TokBox’s new developer toolkit brings voice and video chat to Apple TV apps.
  • Thinking Capital earns Deloitte’s Technology Fast 50 Canada Awards.
  • Worldpay employees evaluate use of finger vein technology to authenticate payments at the POS without the need for a card.
  • Let’s Talk Payments interviews Brent Warrington, Hyperwallet CEO.

Alumni updates

  • Pymnts chats with Nymi founder and CEO, Karl Martin.
  • Deccan Herald features Cloud Lending Solutions.
  • Xero pilots program to allow users to file their GST returns.
  • MasterCard announces Ed McLaughlin as new chief information officer.
  • VentureBurn highlights Entersekt: SA’s fintech gem making it safe for millions to bank, shop online.

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

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: DarcMatter Shines a Light On Alternative Investments”
  • “BBVA’s Wallet App Tops One Million Downloads; Goes Live in Turkey This Week”

Around the web

  • Magnify CU partners with Insuritas to launch an insurance agency.
  • Worldpay employees evaluate use of finger-vein technology to authenticate payments at the POS without need for a card.
  • mydesq selects Encap Security to boost productivity and engagement for wealth managers.
  • Let’s Talk Payments interviews Brent Warrington, Hyperwallet CEO.
  • MasterCard announces Ed McLaughlin as new chief information officer.
  • VentureBurn highlights Entersekt: SA’s fintech gem making it safe for millions to bank, shop online.
  • Algomi’s Honeycomb named “Product of the Year” and “Best Buy-Side Newcomer” in Waters Technology’s Buy-Side Technology Awards.
  • The Next Web profiles BioCatch, a biometric security specialist.
  • FusionWire looks at ways that banks can use Matchi to build relationships with fintech startups.

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.

FinDEVr APIntelligence

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York, 29/30 March 2016. Stay tuned for details.

Developer news

  • Dev Bootcamp and Metis partner with Skills Fund to broaden access to web developer and data-science programs.
  • TechCrunch’s This Week On Bullish: Maturity In The Payments Space.

The latest from FinDEVr San Francisco 2015 presenters

  • Let’s Talk Payments interviews CMO Konstantin Rabin, of Kontomatik.
  • BAI Retail Delivery conference attendees select MX as Innovation Showcase Award winner.
  • Thomson Reuters and Samsung to collaborate on mobile security, intelligent IT for the enterprise.
  • Avalara announces sales-tax-accuracy guarantee.
  • “Worldpay Goes Public; Shares Rally on Trading Debut”
  • Silicon Review lists SnoopWall as 1 of 20 fastest-growing security companies.
  • Arxan now secures applications running on 500+ million devices.
  • OnDeck again expands its partnership with the Association for Enterprise Opportunity to support access to capital for entrepreneurs and small businesses.
  • Banking Technology features multiple FinDEVr alums on Readers Choice Awards.

Alumni updates

  • Cloud Lending Solutions announces underwriting and origination upgrades.
  • CardFlight and Cayan team up to provide EMV-ready mPOS solutions.
  • The Hindu features Cloud Lending Solutions’ co-founder Snehal Fulzele.
  • Global AutoTrading integrates with Tradier to extend brokerage services.

It’s easy to stay current on daily developments by following FinDEVr on Twitter.

Worldpay Goes Public; Shares Rally on Trading Debut

Worldpay Goes Public; Shares Rally on Trading Debut

Worldpay_homepage_Oct2015

With a successful FinDEVr 2015 behind us, and an exciting FinovateEurope 2016 around the corner, it is hard for us to hide our excitement over the IPO of FinDEVr 2015 newcomer, Worldpay. The British payment processor went public last week on the London Stock Exchange, opening at 240 pence ($3.68) per share on Tuesday and ending the session up more than 5% at 253 pence. Later in the week, shares were trading above 260 pence.

Worldpay, which is owned by private equity firms Advent International and Bain Capital, has earned a valuation of more than $7 billion (£4.8 billion). The company offered 900 million shares, and is expected to raise more than £2 billion through the IPO, more than £947 million of which will return to WorldPay.

As the Financial Times reported, the Worldpay IPO was the biggest initial public offering in the U.K. in two years, and the largest ever of a private equity owned company in the U.K.

Worldpay_1101

Worldpay SVP and Head of Strategy Chester Ritchie demonstrated Worldpay’s Securenet API at FinDEVr 2015 in San Francisco.

Worldpay CEO Philip Jansen referred to the public offering as a milestone, but contextualized it with investments the company itself has made to build its business. “We have already invested over £1 billion in our technology, people, and capabilities,” Jansen told the FT. “(We’ve) become an advanced and sophisticated technology-led organization with great potential.”

Worldpay was created out of the Royal Bank of Scotland as a standalone entity in 2010. With revenues of more than £860 million ($974 million USD) in 2014, the company processes more than 30 million mobile, online, and card transactions daily. The company’s IPO contrasts with that of First Data, a U.S. payment processor that also went public this week in the largest pubic offering of the year (First Data sought to raise $3.7 billion). Shares of First Data failed to gain traction with investors, with the stock finishing the week slightly below its IPO price of $16.

Bank of America, Goldman Sachs, Merrill Lynch, and Morgan Stanley led the offering with Lazard serving as financial adviser for Worldpay.

For its FinDEVr debut earlier this month, Worldpay introduced its Securenet API. The technology enables developers to add secure payments to websites, apps, and mobile devices. Worldpay’s experience with APIs includes winning Best New Product of the Year in the SMB category of the Best in Biz Awards 2015 International for its payments-integration solutions.

Live video of Worldpay’s FinDEVr presentation will be available soon.

Finovate Alumni News

On Finovate.com

  • “IDology Announces “Significant,” Strategic Equity Investment in Payfone
  • “Worldpay Goes Public; Shares Rally on Trading Debut”

Around the web

  • Fastacash announces strategic investment in Myanmar-focused, MyPAY.
  • American Banker interviews CEO Manolo Sanchez, BBVA Compass.
  • Persistent Systems announces technology partnership with Municipal Corporation.
  • Independent.IE features CurrencyFair, Expensify, and PayPal in a review of 20 PFM apps.
  • Fox Business interviews Blooom President Greg Smith on the future of 401(k) plans.
  • Silicon Review lists SnoopWall as 1 of 20 fastest growing security companies.
  • The Hindu features Cloud Lending Solutions’ co-founder Snehal Fulzele.
  • Interactions wins bronze Stevie Award in the Most Innovative Tech Company of the Year category. This is its fourth consecutive Stevie Award.
  • Slush.org interviews Kristo Kaarmann, TransferWise co-founder.
  • The Culture Trip highlights Kantox in its review of successful Barcelona startups.

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.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York, 29/30 March 2016. Stay tuned for details.

Developer news

The latest from FinDEVr San Francisco 2015 presenters

  • Fidor Bank wins in two categories at BAI Retail Delivery’s Global Banking Innovation Awards.
  • WSJ features BehavioSec and Nymi in its piece, The Next Security Frontier: The Human Body.
  • PYMNTS.com takes a look at Currency Cloud and the latest update to its API, Payment Engine Two.
  • Worldpay’s IPO on London Stock Exchange is the U.K.’s largest IPO of the year, at a market cap of £4.8 billion ($7.3 billion).
  • Self Lender names MX one of three startups “absolutely crushing it” in fintech.
  • “Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform”

Alumni updates

  • PocketSmith launches in Xero Add-On Marketplace.
  • Expensify launches new integration features for Xero.
  • Nymi recruits CEO John Haggard; Karl Martin will now serve as CTO.

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