Finovate Alums Win Honors at Fintech Innovation Awards

Congratulations to the fourteen now and soon-to-be Finovate alums recognized by the Fintech Innovation Awards 2015. Four alums took home top honors in their categories.

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Nutmeg won two categories: “Fintech Marketing Campaign of the Year” and “Fintech Startup or Early Stage of the Year”. Nutmeg CEO Nick Hungerford was also a finalist in the “Fintech Leader of the Year” category.

Jumio won the “Anti-Fraud/Security Initiative” category. Making its Finovate debut last month at FinovateEurope 2015, Yoyo won in the “Mobile Commerce and Banking” category. And INETCO,  which will make its Finovate debut at FinovateSpring 2015 this May in San Jose, won the “Data Solutions” category.

Other Finovate alum finalists were:

Held at The Brewery in London, the FinTech Innovation Awards recognize accomplishments in global finance and payments technology. In addition to recognizing achievements by individual companies and CEOs, the event also honors collaboration via its “Project Implementation Team” and “FinTech Deal of the Year” awards (Finovate alum Dwolla was a finalist in the latter for its partnership with the Chicago Mercantile Exchange).

The Fintech Innovation Awards 2015 were held in association with bobs guide and paymenteye. Read more about the event.

Alumni News– February 27, 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.jpgWired column looks at LoopPay and the evolution of digital wallets.
  • Silanis Technology partners with Box to help the cloud storage and file sharing specialist provide financial services.
  • Bank of the West to offer photo billpay courtesy of technology from Fiserv and Top Image Systems.
  • Finovate Debuts: Novabase Puts Watson-Powered Wizzio to Work Boosting Sales and Productivity.
  • Mainstreet reviews top roboadvisors including Wealthfront, Betterment, Personal Capital, FutureAdvisor, SigFig, Motif Investing, and LearnVest.
  • Prosper partners with Western Independent Bankers to offer consumer loans to unattractive borrowers.
  • Tech City News features video highlights from FinovateEurope 2015.
  • That Was Easy: Staples to Use Lendio to Power Small Business Lending.
  • Daily Fintech looks at programmable bank trends via APIs from Fidor, Open Bank Project, Yodlee, and Xignite.
  • AlleyWatch interviews MaxMyInterest CEO and founder Gary Zimmerman.
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.

Alumni News– February 24, 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.jpgXignite to provide MSCI Global Equity Index data through its cloud API platform.
  • Kapitall highlighted in feature on the best apps for mobile financial trading.
  • Check out our interview with Nostrum Group CEO, Richard Carter.
  • Jwaala’s success: The online banking solutions provider adds 14 CU clients in 2014.
  • Bluefin Payments receives PCI validation for its PayConex P2PE (point-to-point encryption) solution.
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.

Alumni News, February 13, 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.jpgDigital Insight to offer its customers EyePrint ID, courtesy of new agreement with EyeVerify.
  • Global Debt Registry unveils new asset classes, new resources, and new UI in brand refresh.
  • Azimo extends its money-transfer service to Thailand.
  • FinovateEurope 2015 Best of Show Winners announced.
  • Fast Company features Ayasdi in its list of the Top 10 Most Innovative Companies of 2015 in Big Data.
  • 22 Finovate alums nominated for 2015 Pymnts innovator awards. Cast your vote here.
  • Lincoln Savings Bank hires Insuritas to launch insurance agency for its customers.
  • FreeAgent partners with Appointedd to simplify small business bookings.
  • Bank Innovation takes a look at the widespread use of Xignite APIs among fintech startups.
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 Introduces its FactSet Fundamentals API

Xignite_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Xignite, launching its FactSet Fundamentals API.

Xignite FactSet Fundamentals is the first RESTbased API to provide accurate and trusted historical financials, fundamentals, earnings and more across more than 170 global exchanges. Users can retrieve financial statement data for quarterly, semi-annual, annual, and restated filings for companies across North America, LATAM, EMEA, and APAC, In addition, users can retrieve daily-calculated fundamentals, based on FactSet financial statement data, from P/E ratios and market caps, to 60-month betas, and 200-day moving averages, and more.

Presenter: Stephane Dubois, CEO & founder

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Product launch: February 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), partnerships with fintech and financial services companies
HQ: San Mateo, California
Metrics: 1,000+ customers; 100+ APIs, 100+ data sources, $20 million raised; 20 billion API calls per month
Website: xignite.com
Twitter: @xignite

FinovateEurope 2015 Sneak Peek: Part 1

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2014 was an exciting year for fintech, and we estimate 2015 to be even bigger, with the ongoing battle for mobile wallet share, growth of alternative lending, and burgeoning VC funding.

At FinovateEurope, our first conference of 2015, we’re hosting more than 70 companies who will showcase their products centered on the newest trends, and some we’ve never seen before. 

For Finovate’s fifth time in London, we’re returning to the Old Billingsgate Market Hall on February 10 & 11. Register now and be the first to see the newest fintech of 2015.

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In the weeks leading up to FinovateEurope, we’re giving you a taste of what will be on stage in our Sneak Peek series. Below are the first six companies in this installment.


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ebankIT is an omnichannel banking software company that provides innovative solutions with centralized management, allowing banks to communicate faster, easier and more efficiently with their customers.

Features

    • Seamless access to financial products and services
    • Allows banks to extend its customers’ network
    • For any device and wearable technology
Why it’s great
Omnichannel & Social banking provides a consistent experience across channels to provide customers with seamless access to financial products and services.

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Presenters

João Pinto, Board of Directors
Pinto is an administrator with nearly 20 years of solid experience in the financial sector, actively participating in the design and implementation of innovative Omnichannel Solutions.
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Paulo Oliveira, Omnichannel Speacialist
Oliveira is a Project Manager, Omnichannel Specialist and Software Architect in ebankIT. He has been developing solutions in the financial sector for more than 15 years.

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Jumio’s Netverify turns your customer’s computer/smartphone into an ID scanning terminal that captures customer data and verifies customer ID documents, increasing online account opening rates.

Features

    • Reduces abandonment during digital account opening 
    • Creates fast & intuitive experiences for digital account opening 
    • Helps meet KYC & AML compliance requirements

Why it’s great
Jumio’s Netverify has been developed to meet the challenge of verifying identity in a connected-device environment, decreasing online account opening abandonment by up to 40%.

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Presenters

David Pope, European Marketing Director
Pope is a tech marketing specialist, having helped brands like 192business, Experian & Jumio balance the need for customer convenience with KYC compliance requirements.
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John McIntosh, Sales Engineer EMEAJumioPresenter2.jpg
McIntosh is the EMEA Sales Engineer for Jumio and is responsible for all information about the Jumio Product and Technical Information.
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SOFORT AG, based in Germany, offers Europe-wide,

SOFORTLogo.jpginnovative services for the secure purchase of goods and digital products on the internet.

Features
SOFORT Banking Paycode is an efficient method for purchasing on an account, whether online or offline. The online link contains all relevant transfer information.

Why it’s great
SOFORT Banking Paycode – the faster, smarter and easier way to pay bills online

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Presenter
Christian Mangold, Managing Director Sales
At SOFORT, Mangold is in charge of the German market and the sales strategy. He has been on the SOFORT Management Board since late 2012.
LinkedIn


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TradeRiver Finance is a non-bank online funding solution which finances trade, both cross-border and in the U.K.

Features

    • Online tool and finance for trade buyers
    • Pay global suppliers in cash and in local currency
    • Finance and execute local and cross-border transactions online  

Why it’s great
The TradeRiver platform provides a business funding and transaction execution solution which changes completely the nature and operation of cross-border trade finance.

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Presenters

Toby Lanyon, Chief Operating Officer

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Mike Mumford, Business Development Executive

provides real-time, reference financial data via cloud-based APIs to fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, Stocktwits, Yodlee & more.

Features

    • New API offers trusted FactSet fundamental data, including company financials & estimates
    • Covers more than 75,000 publicly listed global companies
    • Easy integration into apps & websites

Why it’s great
The leading fintech innovators use Xignite market data APIs

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Presenter

Stephane Dubois, CEO & Founder
Dubois is a fintech revolutionary in the process of disrupting the financial services industry. He founded Xignite to pioneer market data in the cloud.
LinkedIn


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Yoyo is a mobile platform that seamlessly blends payments, loyalty, and discovery – done right.

Features

    • Combines payment, loyalty and discovery
    • Yoyo ‘magic’ button on the till – we integrate into the epos software
    • Ability to link card to mobile and to give and receive social gifts

Why it’s great
Pay fast, get rewarded.

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Presenter

Michael Rolph, Co-founder and CCO
Rolph is ex Barclaycard, First Data and PayPal. He was formerly a Director at Anthemis Group and is currently a Mentor at Seedcamp and advisor to Azimo.
LinkedIn


Check back later this week, when we’ll explore six more presenting companies. To learn about all of the presenting companies, check out our presenter page.

Space is limited; get your FinovateEurope ticket now to reserve your seat.

Alumni News– December 23, 2014

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  • The Tech Bulletin profiles Heckyl Technologies.
  • Sonavation announces acquisition of assets of Arkami.
  • Chelsea State Bank launches Larky-powered mobile app.
  • EVRY announces a four-bank, $160 million payments partnership.
  • Kashoo unveils version 4.1 of its cloud accounting and bookkeeping app for iOS. 
  • Walmart to distribute GreenDot prepaid products in 2015.
  • BMO Financial Group’s deployment of Xignite Enterprise wins American Financial Technology Award.
  • IT Qlick takes a look at Jwaala Personal Financial Manager and roomMaster.
  • CashStar teams up with Spafinder Wellness.
  • NY Times DealBook looks at disruptive startups in fintech including Lending Club, On Deck, and TradeKing.
  • Forbes.com column on how companies stand out from the crowd features Silanis Technology.
  • Jemstep to power Redhawk Online Advisor.
  • Continuity Control taps Peter Rawlinson as Chief Marketing 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.

Alumni News– December 2, 2014

  • 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.jpgCompass Plus TranzAxis now supports Futurex hardware security modules.
  • Coinbase introduces USD Wallets, enabling users to store U.S. dollar balances.
  • TradeKing unveils new features for its new LIVE platform.
  • Forbes column on disruption in traditional money exchange features Azimo, TransferWise, and CurrencyFair.
  • CrowdFlower announces support for eight new languages and enhanced support for another four.
  • CEO and co-founder of Trustev Pat Phelan wins MSL Cork Business Person of the Year award.
  • Linqto, Crowd Curity, Xignite, and CUneXus win Future of Money & Technology Summit Startup Showcase.
  • TickSmith adds Amazon Web Services version of its financial big data platforms.
  • The New Daily features SocietyOne as a premium P2P lending option.
  • The Chicago Tribune considers Lending Club’s impending IPO.
  • Google Cloud Platform now PCI compliant, enabling developers to hold, process, and exchange credit card information.
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: Inspiring the Future of Finance with Easy and Speedy APIs

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Are companies like Xignite the key drivers of financial innovation?

Within minutes of his company’s keynote at FinDEVr this fall, Xignite founder and CEO, Stephane Dubois had already dropped the names of StockTwits, Personal Capital, and Robin Hood. All headline-grabbing fintech companies that have chosen Xignite to supply the crucial market data that makes their innovations work.

Sharing the stage with software engineer Anand Viswanathan, Dubois used a real stock purchase to take the us from financial social network to PFM/investment advisory to trading platform, connecting the dots of a real fintech ecosystem with Xignite at the center.
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From Xignite’s perspective what makes them the resource of choice for so many innovative fintech startups is that Xignite understands two key things about innovation in a competitive technology marketplace. First, it doesn’t matter how good your product or service is if you can’t get it to market before your competitors. Second, don’t make developers spend any more time on  the “financial market data piece” as Dubois calls it, than is absolutely necessary.
“Individual developers have an idea, a vision of building something unique,” Dubois explained.
“By creating something that developers can look at and say, ‘I can code this today’ it makes it easier for them to create and innovate,” Dubois said.
Ready, Set – Xignite!
It’s worth remembering that there was a time when getting access to market data itself was a challenge. “Historically sourcing and integrating market data has been very painful,” Dubois said from the stage at FinDEVr this fall. “It’s very complex area, its full of quirks and its littered with legacy technologies.” He recounted a story of Wealthfront founder Adam Rachleff, who became frustrated with legacy data providers, and decided instead to turn to Xignite for market data. 
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“We helped Andy build Wealthfront,” Dubois told developers. “And we can help you build your business.”
Founded in 2003 and headquartered in San Mateo, California, Xignite’s story has been about more than just building a better market data delivery mousetrap.  By 2008, the media had begun to pick up on how, in the words of TechCrunch’s Jeff Widman, Xignite was a “case study” in how a wide range of businesses – in this case Forbes.com – could take advantage of cloud-delivered data and free themselves from the costs and technology issues of legacy financial market data providers. 
As Dubois explained in an interview earlier this year, the previous generation of APIs assumed two things: slower networks than we have today, and applications that stored data. “Now the networks are faster and apps ask for data repeatedly rather than storing it,” he said.
This is what has allowed for “massive cloud ecosystems” such as Amazon Web Services, which Xignite leverages in order to support its own ecosystem of fintech builders and innovators.
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Today Xignite offers a wide array of fintech solutions. Its Market Data Cloud provides real-time, historical, and reference financial data on instruments in all asset classes. Its Market Data Distribution solution is used by exchanges and vendors such as NASDAQ to provide transaction data especially through Xignite’s on-demand APIs. Large FIs can take advantage of Xignite’s Enterprise Data Distribution solution, which helps organizations clean up data redundancies, as well as provide data through a private, branded API catalog.
Xignite currently processes more than 15 billion API calls a month from more than 45 countries. Its FI partners include BlackRock, Charles Schwab, BNY Mellon, Natixis, and TD Ameritrade, and exchanges like the Nasdaq OMX and the NYSE both use Xignite to sell their data.
The Technology
Xignite calls itself a design company rather than a “market data” company. It’s another way of saying that in addition to accurately delivering data quickly, Xignite has to provide that data in ways that are easy for developers to deal with. “Market data is especially complex,” Dubois explained. “We demystify it so they can build apps super quickly. We also have everything they need in one place – a one-stop shop – and what they’ll need for tomorrow.”
Some of what makes Xignite help developers get their projects finished easier and to market faster may seem like minutiae to non-builders. But according to Vishwanathan, its the minutiae that matters. He points to the layout of Xignite’s Product Catalog, which offers “tons” of API operators for individual services such as Get GlobalDelayed Quote. This gives developers the maximum ways to get the data they need. The API test forms in Xignite APIs can be customized so that developers can see only the outputs they are interested in, and in-line documentation helps make sure that builders are know both exactly what they are getting and exactly how to integrate it into their projects.
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Xignite and the Fintech Gold Rush
Dubois thinks we are living in a “fintech gold rush”. And as such its Xignite’s job to provide prospectors with the shovels, pans, and dredges. Newly queued up is FactSet, which provides financial information and analytics to more than 50,000 customers via desktop analytics, mobile apps, and data feeds. Xignite announced earlier this month that its customers will have access to FactSet’s global fundamental market data via its APIs as early as Q4 of this year.
In making the announcement about FactSet, Dubois referred the challenge of “keep(ing) pace with innovation.” It’s a telling acknowledgement and heartening to hear for fans of the platform. After all, it was a change in the way that data moved and was used – from slow
er and locally stored to faster and distributed from the cloud – that helped give Xignite the advantage it has. It is impossible to know the next evolution in data, the form it takes or the way the apps of tomorrow will consume it. But in either event, it will be worth watching to see how Xignite grows and adapts to stay at the forefront of change.
What’s not likely to change any time soon, however, are the number of companies discovering providers like Xignite and deciding that cloud-based financial market data delivery is a better alternative.
“Whether you are a startup trying to topple the world order, or working for a large company and trying to hold on to what you’ve got, what you need is speed,” Dubois said. “We have the largest, fastest, most powerful set of RESTful APIs that will help developers get their products to market faster.”

Alumni News– October 27, 2014

  • 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.jpgFeedzai and Encap Security team up to combine behavioral profiling with device credentialing to build better security for banks and merchants.
  • CB Insights lists Nutmeg, TransferWise, The Currency Cloud, and Azimo among the 10 top fintech startups from the UK.
  • The Guardian Money section looks at peer-to-peer lender including Zopa.
  • TWiST (This Week in Startups) interviews FutureAdvisor Co-Founder and CEO Bo Lu.
  • Prosper reaches $2 billion, reaching the second billion dollars in just 6 months.
  • Payment processing solutions provider, Bill2Pay, partners with PayNearMe to digitize cash collections.
  • The Australian Business Review features Matt Symons, SocietyOne co-founder.
  • EVO* Snap launches mPOS Solution Supporting Apple Pay and EMV Globally.
  • MedicalMine and Bluefin Partner for Integrated Patient Payments.
  • Check out our feature on Xignite: Inspiring the Future of Finance with Easy and Speedy APIs
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.

Alumni News– October 24, 2014

  • Smarty Pig featured in Washington Post column on ways to save on holiday gift shopping.
  • Wealth Management.com talks with Motif Investing CEO Hardeep Walia on tech trends in the financial services industry.
  • TransferWise and CurrencyFair are highlighted in Forbes review of ways to save on foreign currency exchange.
  • Bob’s Guide profiles cloud-based market data provider, Xignite.
  • Technology Tools for Today interviews Tom Nally, president of TD Ameritrade Institutional.
  • Pymnts interviews EVO Snap* CEO Peter Osberg about Apple Pay.
  • Fitsmallbusiness.com highlights OnDeck, PayPal, & other Finovate alums as small business lending innovators.
  • D3 Banking brings in $7 million, with $3 million more on the way.
  • ABA Banking Journal looks at Karrot, the automated online lending service demoed by Kabbage last month at FinovateFall 2014.
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.

Alumni News– October 14, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovate Debuts: Malauzai Software.
  • Cross County Savings Bank to deploy DNA account processing platform from Fiserv.
  • Apps from MasterCard and Deluxe earn spots in PaymentsSource’s “8 Wallet Apps That Go Beyond Payments.”
  • Arxan and Xamarin extend Mobile Application Protection to developers.
  • Coinbase hires former Sr. adviser to Homeland Security & Gov’tl Affairs Committee, John Collins, to head gov’t affairs.
  • Equities.com interviews Prosper.com’s Ron Suber regarding CFGE, Peer-to-Peer Lending and Working with Big Banks.
  • RBS partners with Taulia to offer dynamic discounting with e-Invoicing to corporate customers.
  • Backbase named a visionary in the Gartner’s Magic Quadrant for Horizontal Portals 2014.
  • Holvi accounts now use International Bank Account Numbers (IBANs).
  • Forte Payment Systems announces new partnership with The Master’s Touch, LLC to power eNoticesOnline bill presentment service.
  • Visa Europe partners with edo to make its performance marketing platform available to 500 million European bankcards.
  • Xignite teams up with FactSet to provide fundamental market data from the cloud.
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.