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FinovateFall Best of Show winner Swych has introduced a new set of themed, e-gifting options. The new switchable Occasion, Category, and Event-themed e-gift cards are automatically redeemable in either U.S. dollars or Indian Rupees (depending on location) at retailers matching the category theme. A U.S. shopper who receives a Fashion e-gift card could “swych” it Read more…
Courtesy of a new partnership with Finovate multiple Best of Show winner Finn.ai, the 700,000 banking customers of ATB Financial now have access to virtual banking assistance via their Facebook Messenger app. “AI is completely reinventing the consumer banking experience,” Finn.ai CEO Jake Tyler said. “With the Finn.ai platform, you get more than immediate, secure Read more…
Psychometric credit scoring company Entrepreneurial Finance Lab (EFL) announced today it has merged with alternative credit score provider Lenddo. The two companies have joined forces to offer a suite of credit scoring and identity verification products. Both companies share a mission of “providing financial inclusion for more than one billion new and underserved individuals across the Read more…
In a round led by an undisclosed investor, real-time, AI-enabled risk and fraud management platform Feedzai has raised $50 million in Series C funding. The financing, which takes Feedzai’s total capital to $82 million, also featured participation from existing investor Sapphire Ventures. “We’ve made major headway on our vision in the last year, and this Read more…
In the words of Adam Nanjee, SVP for Digital Banking at Zafin, today’s announcement on the launch of Zafin Client Offer Management is the product of “fifteen years of domain expertise and collaboration” with the company’s clients and partners. “We are proud to release another avenue for our corporate banking clients to drive more revenue, Read more…
Mobile capture and identity solutions company Mitek Systems scored a win for its identity verification arm this week. The company has acquired Barcelona-based ICAR for $15 million (€12.75 million). In addition to strengthening Mitek’s position in the consumer identity and access management market, the move is expected to bolster the company’s stance overall in the industry. Read more…
The Bill & Melinda Gates Foundation announced the launch of a service today that it created with in partnership with Dwolla, along with collaboration with Ripple, Crosslake Technologies, ModusBox, and Software Group. The new tool is an open-source code for creating a payments infrastructure intended for unbanked populations. Called Mojaloop, the system is named after the Swahili Read more…
FinovateAsia alum KlickEx is partnering with public blockchain network builder, Stellar, and fellow Finovate alum, IBM, to improve cross-border payments for emerging markets, particularly in the South Pacific. Already processing live transactions in 12 currency corridors in the region, the solution will use IBM Blockchain to accelerate clearing and settlement on a single network in Read more…
Electronic payments company ACI Worldwide announced it will enhance its fraud protection efforts today. The Florida-based company launched the UP Payments Risk Management Solution, which Andreas Suma, vice president of ACI Worldwide said “combines fraud and transaction data from the payment universe and insights from ACI’s global fraud experts—stopping fraud and improving every customer experience across Read more…
In a round led by Nyca, CommerzVentures, and CEFIF, augmented digital commerce platform Omnyway has raised $12.75 million in new funding. The Series A will give Omnyway (formerly Omnypay) the ability to launch new services, expand operations, and add to its customer base both in the U.S. and around the globe. “To keep up in Read more…
By the end of 2017, fintech investments in the Middle East are expected to have grown by 2.7x. As governments and financial leaders diversify away from a petroleum-based economy, the focus is on fintech. But who will capitalize on this ecosystem of fintech innovation? Foreign brands like Amazon (who acquired Middle Eastern e-commerce firm, Souq.com, Read more…
Left to right: A representative from Alipay joins Tinna Hung, Director of Marketing for EyeVerify during a demonstration of Eyeprint ID at FinovateAsia 2016. This month we’re highlighting the issue of security in fintech. Our first installment was our interview with ENVEIL CEO Ellison Anne Williams. Today we use the lens of our Best of Read more…