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CU Wallet, a Los Angeles-based provider of white-label digital wallet solutions for regional and community FIs, has picked Finovate Best of Show winner AnchorID to provide multifactor authentication. Pointing to the unique challenges of small and midsize banks and credit unions, CU Wallet CEO Paul Fiore praised both the level of KYC compliance and variety Read more…
Just a few days after launching its next-generation payment-gateway, Pulse, Payworks announced a $4.5 million Series A. The round was led by HW Capital and Rumford, and featured the participation of “leading U.S. and European payment executives” as well as existing investor, Speedinvest. The funding will help accelerate the Munich, Germany-based company’s continued expansion into Read more…
In a venture round featuring investments from new and existing investors, direct carrier billing and mobile payments leader Boku has raised $13.75 million in additional funding. The financing brings Boku’s total capital to $91 million, and will help fuel the company’s global growth. Participating in the venture round were existing investors Khosla Ventures, Benchmark Capital, Read more…
Online payment solution SafetyPay began operations in its 21st country this week. The Florida-based company now operates in Belgium, expanding its global footprint which covers the U.S., Canada, Europe, and Latin America. SafetyPay’s expansion into Europe fulfills one of the company’s strategic objectives and makes good business sense: Half of the country’s population with access Read more…
A look at the trending topics of the past two weeks, co-authored by Finovate’s research analysts David Penn and Julie Schicktanz. Payments Venmo competition heats up We’ve lately noticed more P2P payment app competitors trickle in. They have Braintree-owned Venmo’s (FD2016; F2013) millennial-focused social components stamped all over them: Founded by former N26 employees, Cookies Read more…
Nous Global Markets continued in its mission to make financial markets globally accessible with today’s launch of TIQL (pronounced tickle), a consumer-friendly way to trade. Nous is touting its new app as the “safest way to trade.” Some of TIQL’s distinguishing features include: $5 minimum to open an account $0.01 minimum investment per trade Free downside protection makes Read more…
Merchant Bank of Sri Lanka’s next core-account-processing platform and front-end teller system will come from Fiserv. The bank, the product of a merger between subsidiaries MBSL Savings Bank and MCSL Financial Services, said its selection of Fiserv’s Signature core-accounting processing and Teller front-end teller systems was based on its need for “stability, flexibility, and scalability,” according to Merchant Read more…
Think global. Test local. Spokane, Washington-based Obloco will beta test its white-label expense-reporting solution with area businesses and Washington Trust Bank (WTB). Obloco Expense Reporting gives community banks and credit unions the ability to offer their business customers a simple expense reporting solution in addition to their online business banking. “Businesses manage their other expenses via online banking already,” Obloco Read more…
Zurich, Switzerland-based Qumram is one of five winners of the Swisscom Startup Challenge, a competition now in its fourth year. Along with Advanon, Fashwell, Nanolive, and Xsensio, Qumram has won a spot in a one-week business acceleration program in Silicon Valley that begins in September. “I was impressed yet again by the creativity and drive of these Read more…
With a three-year growth rate of nearly 94x and revenues of more than $17 million in 2015, Persado came in at #16 on Inc.com’s roster of the fastest growing private companies in America. “The Inc. 500 list stands out where it really counts,” said Eric Schurenberg, Inc. president and editor-in-chief. “No one makes the Inc. Read more…
Ethoca, a collaboration network for card issuers and merchants, landed a new client this week. The company has partnered with ACI Worldwide to integrate its flagship service, Ethoca Alerts, into ACI’s UP eCommerce Payments solution, making it globally available to payment service providers (PSPs). Ethoca Alerts notifies PSPs, processors, acquirers and their merchant clients of issuer-confirmed Read more…
Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held 18/19 October in Santa Clara. Early bird tickets expire soon so register today to save your spot! On FinDEVr.com First Wave of FinDEVr Silicon Valley Presenters Revealed The latest from FinDEVr New York 2016 presenters NYMBUS Raises $12 Million in Round Led by Vensure Enterprises Read more…