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Investment management platform Scalable Capital took a step today to becoming a more global company by onboarding its first U.K. clients. A group of select clients on the waiting list will be guided through Scalable Capital’s risk assessment module before their funds go live on the platform. The Germany-based company received approval from the FCA in February Read more…
Two small steps for Quantopian. One giant leap toward opening its hedge fund to outside investors. Quantopian announced on Friday that Derek Meisner (right) had joined the company as general counsel and chief compliance officer to help build what Quantopian CEO John Fawcett called a “compliance and operational infrastructure” as the company prepares to take its hedge fund Read more…
Fortune Magazine released its famed list of 500 companies, a ranking of top U.S.-based companies by revenue. This year, seven Finovate and FinDEVr alums made the cut. Here are a few quick facts about these seven companies: Almost half ranked in the upper half of the list Combined revenues of the alums make up almost $88 million Read more…
Let’s be honest: Your password habits are miserable. You use birth years in usernames and pet names in passwords. You’ve got passcodes scribbled on Post-It notes. You’ve even been known to reuse a username and password between a website or two. Or three. Or four. If that sounds even remotely like you, then the all new Dashlane Read more…
Colorado-based Ping Identity, a cloud identity security solutions provider, announced today it has been acquired by Vista Equity Partners. The terms were not disclosed for the deal which is expected to close in Q3 of this year. Austin-based Vista Equity Partners has almost $8 billion in capital commitments, partnering with firms in software and technology-enabled Read more…
In a round led by Liberty Global Ventures and featuring the participation of fellow Finovate alum NICE Systems, CallVU has raised $3 million in new funding. The investment is the second major capital infusion for the digital engagement platform developer since its undisclosed seed round in 2012. Joining the round were AfterDox Angel Investment Group and 2B Read more…
“We’re from IBM and we’re here to help” is something fintech followers will have to start getting used to. The “tech startup from New York” as it called itself during its Finovate debut this spring is the choice of China’s Fujian Rural Credit (FJRC), which is enhancing its online and cloud-based banking offerings. FJRC will use IBM’s Read more…
London-based Ormsby Street is bringing its credit checking tool for SMEs to Germany. The fintech startup will partner with Deutsche Bank, who make the solution available to its small business customers. The move into Germany is part of a larger expansion for Ormsby Street; the company plans to enter markets in the United States, Australia, Poland, and Read more…
A new partnership will integrate Mobile Fill from Mitek with the digital sales-platform Transact from Avoka. The goal is to make it easier for financial institutions to acquire new customers, originate loans, and onboard customers. Calling Mitek a “perfect fit” for its strategy to improve its sales platform, Avoka’s Chief Experience Officer Derek Corcoran said that license capture was Read more…
Password-management company Dashlane closed on $22.5 million in a round led by TransUnion, which has joined the company as a strategic partner. Bessemer Venture Partners, FirstMark Capital, and Rho Ventures also contributed to today’s round, which brings Dashlane’s total funding to $52.5 million since its 2009 launch. CEO Emmanuel Schalit says of the milestone: “This new round of funding—combined with the Read more…
Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save. Developer news TechCrunch writes about the rise of APIs. Magic Leap to give 10 Twilio developers early access to its SDK. On FinDEVr.com “Fintech Developers, Lock in Presale Savings for Read more…
Starting this week, traders will be able to buy and sell the digital currency Ether on bitcoin-exchange Coinbase. Ether, the digital currency used by the Ethereum platform, has gained traction among financial institutions like Barclays and UBS. Corporations such as IBM have also expressed interest in the technology and how it could enable communications and Read more…