Daon’s New Features Bring Two-in-One Approach to Onboarding, Authentication

Browser-based onboarding, third-party identity checks, automated decisioning, and optional human review are among the top-level, new features of Daon’s IdentityX Digital Onboarding 2.0. The updated platform, launched this week, enables companies to offer a frictionless and fraud-resistant onboarding experience for their customers, reducing abandonment rates and operating costs while ensuring KYC/AML compliance. Decrying what he Read more…

Marqeta Teams Up with Capital on Tap

Capital on Tap is partnering with Marqeta, a global modern card issuing platform, to power payment processing for its small business credit card, relied on by over 60,000 UK enterprises, reports Sharon Kimathi of Fintech Futures (Finovate’s sister publication). Since its launch in 2012, Capital on Tap has competed with the offering of major banks, Read more…

nCino Acquires Analytics and Insights Specialist Visible Equity

Cloud banking innovator nCino is adding the financial analytics and compliance capability of Salt Lake City, Utah-based Visible Equity to its platform. The acquisition, announced last week, brings enhanced portfolio management and analytic insights to nCino’s Bank Operating System, and is designed to help banks and credit unions better manage risk and meet compliance regulations Read more…

Workday Buys Blockchain-Based Identity Management Innovator Trusted Key

Seattle, Washington-based Trusted Key will bring its innovations in blockchain-based, digital identity management technology to Workday, courtesy of a recently-announced acquisition. Terms of the deal were not disclosed. “With our new platform, Workday wants to bring credentials into the digital age,” Workday SVP Jon Ruggiero wrote in a blog post discussing the role of credentialization Read more…

Visa Acquires Germany’s POS Payment Gateway Payworks

Visa will create a fully white-labelled omnichannel payment management platform for merchants and acquirers after acquiring Payworks, reports Jane Connolly of Fintech Futures (Finovate’s sister publication). The news follows a 2018 strategic partnership and investment Visa made in Payworks, a Munich-based provider of next-generation payment gateway software for point of sale (POS). Visa will integrate its CyberSource digital Read more…

Fiserv to Enhance Risk Management for Pan-American Life

Pan-American Life Insurance Group (PALIG), a provider of insurance and financial services throughout the Americas, has selected Fiserv technology to strengthen the efficiency and effectiveness of its anti-money laundering (AML) compliance and risk management program in multiple countries, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). PALIG sought a provider with insurance industry expertise, Read more…

DemystData Signs Two Year Agreement with Kyckr

Data-as-a-service firm DemystData ahas partnered with compliance and risk management specialist Kyckr to enhance its offerings for financial services clients. Under the two-year agreement, DemystData will integrate Kyckr’s API into its platform. The move will allow DemystData customers to use Demyst’s platform to access Kyckr’s network of real-time registry information, allowing them to test the Read more…

HSBC Creates Private Banking Portal with Finantix

Finantix, a supplier of software for wealth management, insurance and private banking industries globally, has been selected by HSBC Private Banking as it launches a new global client wealth management portal for its clients, reports Henry Vilar of Fintech Futures, Finovate’s sister publication. The firm’s solution, Finantix Components, has been deployed to support the new Read more…

Trulioo Can Now Verify Customers in 4 New Countries

To 100 countries and beyond! Identity verification specialist Trulioo announced this week it is bulking up the list of countries for which it is able to conduct electronic identity verification (eIDV). Customers in Bahrain, Georgia, Iceland, and Qatar can now be verified via GlobalGateway, a database that enables organizations to run identity verification checks on Read more…

Hyperwallet to Power Payments for Lime’s Gig Workers

Global payout provider Hyperwallet is helping citizens scoot through the streets– that is, helping the freelancers that keep users scooting through the streets get paid. The PayPal-owned fintech announced today that it has agreed to power outbound payments for Lime, the scooter and bike rental startup that aims to reduce reliance on cars for short-term Read more…

Bitbond Celebrates Successful STO; Raising More than $2.3 Million in New Capital

In a post titled “What is the Bitbond STO and Why Should I Care?” published this spring, Bitbond Marketing Manager Mollie Thick criticized the cryptocurrency industry for “too much hyperbole, failed projects, and disappointed investors.” By contrast, Thick said that Bitbond – via its then just-announced security token offering (STO) – offered “a new breed Read more…