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Israeli behavioral biometrics startup SecuredTouch gained backing from Arvato Financial Solutions this week. The $8 million investment was strategic, and brings the company’s total funding to $11.5 million. Robert Holm, Senior Vice President of Fraud Management at Arvato said, “Investing in SecuredTouch allows us to partner with a global leader in behavioral biometrics for mobile Read more…
We’re just two weeks away from what is shaping up to be spring’s blockbuster fintech event. FinovateSpring is coming to Santa Clara, California on May 8 through 11. On the blog, we started off our coverage of the upcoming event with our Sneak Peek series and took an in-depth look at some of the topics that Read more…
Even in an age of cryptocurrencies, the appeal of of gold as an investment remains strong. This makes it all the more interesting to learn today that a fintech company has partnered with identity confirmation specialist HooYu to make it easier and safer for investors to buy and sell the yellow metal. Specifically, HooYu has Read more…
In gaining direct access to the U.K.’s Faster Payment scheme, Transferwise is the first non-bank to take advantage of a settlement directive from the Bank of England. The new policy, designed to add both competition and innovation to the country’s payment system, will give non-bank payment service providers (PSPs) direct access to the payment systems Read more…
Less than a month after picking up an investment of $150 million, Brazilian fintech Nubank is leveraging facial biometrics to help combat credit card fraud. The company provides a mobile-centric credit card and offers other payment services via its app. Nubank will enhance the security of its app using technology from fellow Brazilian innovator Acesso Digital Read more…
Credit reporting agency and risk information provider TransUnion announced this week it agreed to acquire Callcredit, the second-largest consumer credit bureau in the U.K. The deal is expected to close in the second or third quarter of this year for $1 billion. With today’s acquisition, TransUnion aims to boost its international presence. The U.S.-based company already Read more…
FinovateAsia 2017 Best of Show winner YUKKA Lab has unveiled its News & Trend Lab which gives investors and traders an organized and efficient way to view and manage financial news in real-time. The News & Trend Lab aggregates search and filter options in a single location, pulling relevant and personalized data from the real-time stream Read more…
Low-code development platform for rapid application development OutSystems announced a strategic partnership in Ireland and the U.K. with digital transformation specialist, Atos. The companies will leverage their working relationships in other regions to provide a platform that will enable customers to “accelerat(e) their digital transformation initiatives.” Atos’ Head of Technology for the U.K. and Ireland, Howard Read more…
With a pair of new solutions announced this week, Income + Expense and Balance Estimator, financial data platform Quovo is helping lenders improve key processes in the lending value chain. Chief Product Officer for Quovo Niko Karvounis said the new solutions represented “an opportunity to optimize the way our data products work together to provide an Read more…
Data analytics and insights company GoodData expanded into the insurance industry this week to simplify claims and underwriting. The San Francisco-based company’s foray into insurtech is marked with the launch of two analytical solutions, Underwriting Insights and Claims Insights. These two products aim to help insurance companies enhance the end customer experience by automating data integration. GoodData Read more…
Robotic process automation (RPA) technology is a term that’s becoming more and more common in fintech. And thanks to WorkFusion’s $50 million round announced today, it’s a trend that’s gaining even more footing. This Series E investment was led by Hawk Equity and Declaration Partners, with contributions from previous investors Georgian Partners, iNovia Capital, and NGP Read more…
It seems as if it was only yesterday when we were looking at the first quarter funding numbers for our alums in 2017 and wondering if the slow start was a harbinger of investment stinginess to come. Fortunately, by the end of 2017, investment in fintech in general and our Finovate alums in specific had Read more…