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

  • “Brunon Bartkiewicz Named New CEO at ING Bank Slaski”

On FinDEVr.com

Around the web

  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace. Join Xignite at FinDEVr 2016 in New York, March 29 and 30.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Jack Henry partners with The Clearing House to help spread “real-time payment ubiquity” among FIs.
  • Fenergo to provide Client Lifecycle Management solutions to Nikko Securities America.
  • WePay wins gold at 2016 Stevie Awards for sales and customer service.
  • Entrepreneur reports: Payoneer to enter Indian market.
  • Insuritas replaces GoogleCompare by launching new technology that provides one-stop shopping for financial products.
  • Bill.com launches the Bill.com Network to promote faster, lower-cost payments for businesses.

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.

Xignite Wins “Best Cloud Solution” Honors at Wall Street Letter Institutional Trading Awards

Xignite_homepage_Mar2016

With its Market Data Cloud platform, Xignite has won the “Best Cloud Solution” award for 2016 from The Wall Street Letter.

“This award is an example of how the fintech industry is pushing financial services to innovate, and we look forward to being a part in facilitating the amazing transformations to come,” said Stephane Dubois, Xignite CEO and founder.

Xignite_stage_FEU2016

Xignite founder and CEO Stephane Dubois demonstrated Xignite CloudAlerts at FinvoateEurope 2016 in London.

Also picking up honors at the Wall Street Letter Awards were fellow Finovate alums, Thomson Reuters which won the “Best Trading Technology, Client Service” category, and NICE Actimize which took top honors in the “Most Innovative Use of Technology” group. Read the full list of this year’s winners.

Xignite’s Market Data Cloud platform provides cloud-based, financial market data APIs that power some of the most innovative companies in fintech, from Betterment and StockTwits to Motif Investing and Yodlee. The company was the only fintech firm to win an award at this year’s event (the sixth for the Wall Street Letter awards). The award reflects innovation in the “the evolving marketplace and the demand for fast, reliable and cost-effective technology.”

Dubois echoed this point, emphasizing that Xignite’s focus was on “providing access to simple, fast and cheap cloud-based market-data APIs to help companies invent new and revolutionary applications and businesses.”

Xignite made headlines last month when the company announced raising $20 million in a Series C investment led by Japan’s QUICK Corporation. Back in November, Xignite surpassed 50 billion API calls in a single month, confirming its status as a leader in providing cloud-based market data. A member of the first Forbes Fintech 50, Xignite launched its #FintechRevolution API Ecosystem last fall, partnering with more than 20 other technology companies and accelerators to help developers get better access to APIs and other developer’s tools.

Founded in 2006 and headquartered in San Mateo, California, Xignite demonstrated its CloudAlerts technology at FinovateEurope 2016.

Xignite Raises $20 Million in New Partnership with Tokyo’s QUICK Corporation

Xignite_homepage_Feb2016

Go east, young provider of cloud-based market data solutions.

A $20.5 million Series C investment led by Tokyo’s QUICK Corporation has boosted Xignite’s total funding to more than $37 million, and signaled the company’s intention to expand into the Asian market.

Pointing to the “hyper-growth” in Asia and calling the region “the world’s largest fintech frontier,” QUICK president and CEO Noboru Yoshioka said the partnership between his company and Xignite will yield a “unique opportunity to capture growth in this market.” Xignite CEO and founder Stephane Dubois, whose company is demonstrating its latest technologies at FinovateEurope this week, referred to both the flexibility and the openness of his company’s solution as key to providing financial services customers with the data they need.

Xignite_stage_FF2015

Pictured: Stephane Dubois, Xignite CEO and founder, demonstrated Xignite Cloud Streaming at FinovateFall 2015 in New York.

“Financial institutions can no longer afford to operate rigid and proprietary data infrastructures,” Dubois said in a statement. “These legacy institutions must innovate and simultaneously cut costs if they want to survive and thrive in this new paradigm.”

Also participating in the funding round were Altos Ventures, Startup Capital Ventures, and StarVest Partners.

The investment will enable Xignite to increase its sales, marketing, and production capacities in order to keep up with the company’s growth. As part of the deal, QUICK managing director, Atsuyuki Nakajima will join Xignite’s board of directors. QUICK Corporation is a part of the Nikkei Group, and is the largest financial information provider in Japan.

Founded in 2006 and headquartered in San Mateo, California, Xignite demonstrated its Cloud Streaming technology at FinovateFall 2015. The company’s solution is scalable, based on open standards, and has “zero footprint” for clients. Helping power some of fintech’s most innovative companies, e.g., Betterment and Currency Cloud, Xignite has more than 1,000 customers in fields ranging from investing and trading to wealth management. Xignite grew its bookings by more than 50% in 2015, serving more than 455 billion API calls.

Finovate Alumni News

On Finovate.com:

  • Xignite Raises $20 Million in New Partnership with Tokyo’s QUICK Corporation.

Around the web:

  • Tandem, a British banking startup launched by Azimo co-founder Ricky Knox, selects the Agility platform from Fiserv.
  • Barclays and Xero forge strategic partnership.
  • Indiana’s Old National Bank completes online and mobile-banking transition to Digital Insight.
  • Let’s Talk Payments features Ayasdi, Context Relevant, and WorkFusion in a roundup of startups helping companies innovate with artificial intelligence.

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

  • Check out this week’s “FinDEVr APIntelligence”
  • “Finovate Debuts: ArcBit Introduces its Secure, Easy-to-Use Bitcoin Wallet”
  • “FIS Closes SunGuard Acquisition to the Tune of $5.1 Billion”

Around the web

  • CSI globalVCard launches partnership program for banks for its electronic payments program.
  • SavingAdvice.com highlights how Personal Capital can help you gain control of your finances.
  • Credit Sesame features millennial-friendly robo-adviser investment-platforms: Betterment, FutureAdvisor, SigFig, Blooom.
  • Quisk selected as a 2015 Red Herring 100 Global Winner.
  • TSYS signs payments agreement with Atlanticus to continue support of loan-origination platform, Fortiva.
  • Digital Insight unveils Business Banking, an SaaS solution to enable FIs to offer personalized banking experiences to business customers.
  • Q2 opens new offices in Lincoln, Nebraska, to accommodate growth, acquisition of Centrix Solutions.
  • Xignite Market Data APIs now available on SoundHound’s Houndify sound recognition and search-technology platform.
  • Let’s Talk Payments features Trustev, Trulioo, and Trunomi in its look at “RegTech” startups in Europe and the U.S.
  • Temenos wins “Best Provider of Front-to-Back Wealth Suite Solutions” at Asian Private Banker’s Technology Awards 2015.
  • Avalara partners with open-source billing and payments platform, Kill Bill.
  • Silicon Prairie News interviews Daniel Carnes, CSO at Prairie Cloudware, on the future of cybersecurity.

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.

20 Alums Make the First Forbes Fintech 50

ForbesFintech502015

There’s more to the Forbes Fintech 50 list than just an awesome logo featuring George Washington wearing wrap-around shades. Forbes compiled the list by soliciting information from 300 startups, then interviewing more than 150 CEOs, founders, and industry experts. To make the cut, companies were required to have operations in the U.S. and a viable product.*

Simply put, Forbes describes the companies on the list as “small firms destined to have a big impact on your financial future and possibly upend your portfolio.”

This year, 20 Finovate and FinDEVr alums made the cut:

Algomi

  • Founded: 2012
  • HQ: London
  • Funding: $30 million
  • Customers: 14 large banks and 140 buy-side firms
  • FinovateFall 2014 demo

Betterment

Braintree

Chain

Credit Karma

HelloWallet

  • Founded: 2009
  • HQ: Washington, D.C.
  • Exit: Purchased by Morningstar in 2014 for $52.5 million
  • FinovateFall 2015 demo

Kensho

LearnVest

  • Founded: 2009
  • HQ: New York City, New York
  • Exit: Purchased by Northwestern Mutual in 2015 for $250+ million
  • FinovateFall 2013 demo

Motif

Personal Capital

Plaid

Prosper

Quantopian

Ripple

Simple

TransferWise

TrueAccord

Vouch

Wealthfront

Xignite


*While the list excludes financial giants, Forbes included startups acquired by larger companies but operating independently.

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

  • “Tuition.io Raises $5 Million in Series A”
  • “Banking Technology Awards Recognize Finovate Alums”

Around the web

  • Bitbond launches bitcoin purchasing power index.
  • Hyperwallet Launches Loyalty Program for Independent Workers.
  • Pymnts chats with Nymi founder and CEO Karl Martin.
  • 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.
  • Deccan Herald features Cloud Lending Solutions.
  • Nexmo announces partnership with Netherlands KLM.
  • The Paypers interviews Nilesh Dusane, Ripple VP of global sales and client relations.
  • PYMNTS.com talks about the future of the prepaid market with Larry Blaney, EVP of sales for Cachet Financial Solutions.

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

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 on 29/30 March 2016. Stay tuned for details.

Developer news

  • “The Next Web: How to Design with Developers”

The latest from FinDEVr San Francisco 2015 presenters

  • Think Big Data mentions Praesidio as a startup using machine learning in its cyber-security solution.
  • “Xignite Surpasses 50 Billion API Calls in a Single Month”
  • VentureBeat: Twilio rolls out new feature set designed to help developers build messaging apps using its platform.
  • Arxan Technologies extends its app-security protection to Apple TV.
  • “Digital Asset Holdings Acquires Blockchain-as-a-Service Innovator, Blockstack.io
  • Security solutions from Arxan Technologies now running on more than 500 million devices.

Alumni updates

  • Tradier teams up with Equities Lab to bring real-world trading experience to college students.
  • Google appoints Entersekt CTO Christiaan Brand as product manager for security and identity teams.
  • Pymnts looks at how SimplyTapp is addressing host card emulation.
  • Visa Inc. to Acquire Visa Europe.
  • Fierce Finance IT features BehavioSec.
  • Avoka partners with Trulioo to provide digital identification authentication to international banks.

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