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Digital customer acquisition specialist and multiple Best of Show winner Avoka has picked up $12 million in new investment. The venture round featured participation from a variety of institutions and professional fintech investors in Australia and is the first major funding for the company since 2013. Avoka CEO Phil Copeland said the new investment will be Read more…
Global money transfer platform Azimo recently announced plans to make sending and receiving money more social by launching a chatbot for Facebook Messenger. The U.K.-based company will use artificial intelligence and machine learning to create a natural, human-like conversational chat experience. At a WIRED event in London, the company’s co-founder Marta Krupinska said, “We want to get to Read more…
Enterprise block chain solutions-provider Ripple has reached a “tipping point” as bank clients have transitioned from blockchain experimentation to deployment. This week the California-based company announced it is helping seven banks accelerate and improve their cross-border payments. These aren’t just any seven financial institutions. The addition of the new players place 12 of the top 50 global banks Read more…
Digital identity-verification company Socure received a strategic investment from Santander’s $100 million fintech VC firm, Santander Innoventures. The Spanish bank’s investment arm will offer Socure access to resources and an undisclosed amount of funding. This marks the ninth investment Santander Innoventures has made since it launched in 2014. The firm has also invested in Finovate alums Read more…
Small business lending platform Kabbage added a big name to its list of bank partners today. The Atlanta-based company announced it has teamed up with Scotiabank, a Canadian bank that contributed to the alt-lender’s $135 million funding round last October. The partnership licenses Kabbage’s lending technology to Scotiabank, which will co-brand loans offered to small business customers Read more…
. Swiss Bankers Prepaid Services has leveraged OpenPay, the wallet service platform from Opentech, to build a new version of its card management app, MyCard. The app gives users the ability to fully personalize security settings for their MasterCard Prepaid cards, receive notifications and alerts, and make notes and add photos to transactions. “We are Read more…
After New York State began requiring companies to carry a license to engage in virtual currency activity, Ripple has received a BitLicense from the New York Department of Financial Services today. This marks the first New York BitLicense for institutional use of digital assets. The San Francisco-based company, owner of a distributed ledger and host of the digital currency Read more…
Just days after being acquired by Vista Equity Partners, Ping Identity has introduced a new identity-management app that could pave the way for a seamless and secure user experience referred to as “continuous authentication.” The announcement from Ping Identity came as part of the launch of distributed app platform designer Swirlds (as in “Shared Worlds”), which emerged from stealth Read more…
After three years managing and overseeing financial operations for The Phone House, Leonore Van Waaij will take her talents to Backbase as the company’s new, and first, chief financial officer. Van Waaij brings experience from senior financial positions in both finance and retail, with a track record of maximizing profits and cash flow through effective financial management, Read more…
Invoicing and cash flow management platform Tradeshift pulled in $75 million of new funding this week, bringing the total to north of $200 million since its 2010 launch. According to the Wall Street Journal, Tradeshift’s valuation now stands at $500 million. Data Collective led the round; additional contributors include HSBC, American Express Ventures, Notion Capital, CreditEase Fintech Read more…
The robo-adviser wave rolls on as Finovate Best of Show winner DriveWealth announces that its launch of a new solution designed for Chinese investors called ToumiRA. DriveWealth—partnering with Chinese marketplace-lender and wealth-manager CreditEase to deploy the robo-adviser technology—will serve as the U.S. broker. “We believe that everyone should have the ability to own a globally Read more…
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 Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report. UpGuard Brings Better Vulnerability Detection to ServiceNow. Praesidio Rebrands as DefenseStorm. The latest from FinDEVr New York 2016 Read more…