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Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save. On FinDEVr.com Stratumn’s LenderBot is a Micro-Insurance Solution for the Sharing Economy Alumni updates Thomson Reuters unveils its KYC due-diligence solution, Org ID. Personal Capital Offers Digital Wealth Management for BancAlliance’s Member Banks. Read more…
Legg Mason has acquired a majority stake in online investment adviser Financial Guard. Terms were not disclosed. Financial Guard will become a part of Legg Mason’s alternative distribution strategies business which specializes in helping the global asset manager’s investment affiliates leverage financial technology to serve customers better. Global Head of Distribution for Legg Mason, Terence Johnson, Read more…
Proving that data is power when it comes to marketing, two Finovate alums with massive amounts of data have combined forces. Neustar and Experian began working together late last month to pool their data to help marketers find and onboard customers. The solution combines Neustar’s Omnichannel Onboarding, a data onboarding solution, with the new digital data co-op Read more…
Coinbase, a Bitcoin platform for merchant processing and consumer wallets, received backing from Bank of Tokyo Mitsubishi UFJ (BTMU), Mitsubishi UFJ Capital (MUCAP) and Sozo Ventures today. The three firms have made a strategic investment of $10.5 million in Coinbase, bringing the company’s total funding to just north of $116 million. Previous investors in Coinbase include Draper Read more…
Now your Skype for Business conversations can be recorded for quality assurance purposes, too. NICE unveiled the new edition of its recording technology for Microsoft’s Skype for Business communications platform. Designed to help financial institutions meet increasingly challenging regulatory and compliance standards, NICE Skype for Business supports dynamic, selective recording that is customizable to specific compliance policies. In Read more…
Mobile authentication company Jumio announced this week it will provide anti-money laundering (AML) and know your customer (KYC) services for Krypto Commerce. The Spanish crypto-currency company will use Jumio’s NetVerify to validate applicant identities for its new PoolMiner’s card, an online-only prepaid debit card for crypto-currencies. Rubén Arcas, project director at Krypto Commerce said that while “compliance and security are Read more…
Banking software provider Temenos scored a new client for its WealthSuite solution this week. Standard Chartered Bank has selected the Switzerland-based company’s wealth-management offering to deploy to clients in more than 30 markets. The banking giant opted for WealthSuite to increase automation and standardize operations to benefit from economies of scale. Standard Chartered expects the upgrade to Read more…
Client Lifecycle Management solution provider Fenergo is boosting the capabilities of its Tax Compliance suite. The enhanced version of the company’s CRS Compliance Solution is geared toward improving tax-regulation compliance through improvements to the Three Rs: Rules, Remediation, and Reporting. “Where FATCA was the game changer in tax compliance, the Common Reporting Standard promises to go way Read more…
Consumer financing company Kreditech announced a new business line today. In an effort to empower underbanked individuals, the company launched a new POS financing solution called Monedo Now. It gives online shoppers more payment flexibility with instant financing of up to $5,550 (€5,000) for up to 36 months at rates comparable to local banks. The first partner to go live with the solution is Read more…
It was a fast turnaround for FinovateEurope 2016 Best of Show winner IDScan Biometrics, a document authentication and facial recognition company. The London-based company today announced it is being acquired by identity intelligence company GB Group. The companies anticipate the deal will close for $50 million (£37 million), with another $10.7 million (£8 million) contingent on reaching revenue Read more…
In opening its latest Bluemix Garage in New York City, IBM continues to put money where developers, software designers and others are. The New York City location will be IBM’s sixth, with garages currently in operation in San Francisco, Toronto, London, Nice, and Tokyo. IBM is partnering with Galvanize, who will host the New York garage on Read more…
Toronto-based OutsideIQ has been selected by the Canadian government to showcase their products on two Canadian fintech trade missions, one to Brazil and the other to London. The company will meet with local financial institutions and others in the fintech industry. OutsideIQ’s CEO Dan Adamson said that the missions will enable the company “to collaborate with other fintech Read more…