On Finovate.com

• AI Foundry Launches New Automation, Mortgagetech Solutions.

• Video Conferencing Specialist 24sessions Scores $1.1 Million.

• Voleo and Nasdaq Launch Second Student Equity Trading Contest.

• Figo to Merge with Finreach Solutions.

Around the web

• Modo launches its /Checkout solution to make payments easier for ecommerce merchants.

• Al Taif Islamic Bank to deploy Sharia-compliant, core banking technology from Finastra, Fusion Islamic.

• First State Community Bank picks ProfitStars’ Commercial Lending Center Suite.

• CardFlight adds invoicing functionality to its SwipeSimple 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.