On Finovate.com

• Ripple Establishes Infrastructure Innovation Initiative.

• Southern Bank Leverages PicturePay from Malauzai to Offer Digital Payment Service.

• Quovo Launches Modular PFM Widgets.

Around the web

• Credit Karma announces former Renew Financial president Gannesh Bharadhwaj as general manager of credit cards.

• Payworks extends partnership with Verifone.

• Bluefin issues first Japanese patent for creating fingerprints for encryption devices.

• RealtyMogul hires Soley Van Lokeren as its first Chief People 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.