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This post is part of our live coverage of FinovateFall 2013. Then, Backbase launched its commercial banking offering: “We are launching Backbase for Commercial Banking. Think PFM for Corporates and UX for the CFOs. Backbase is offering the latest best practices in UX design and cross device customer journeys. The goal of the Commercial Banking Edition is Read more…
Capital Access Network, a platform that provides working capital to small businesses, announced the addition of a new CFO, Shiladitya (“Shila”) Ray. Ray is the former CFO of Global Operations for GE Capital Americas. According to his LinkedIn profile, Ray is a: “Strategic Finance leader with global experience in leading finance and business operations. Served Read more…
A specialist in providing cloud-based invoice, payment, and dynamic discounting solutions, Taulia announced today that it has raised $18 million from investors, including Klaus Hommels of Zurich-based Lakestar. Also participating were Matrix Partners, Trinity Ventures, TELUS Ventures, and DAG Ventures. The capital is designed to help further Taulia’s global expansion. Founded in 2009 and headquartered Read more…
Many pundits like to talk about how banks have dropped the ball in digital (online/mobile). We take a different view. Banks, especially in the United States, have lost essentially zero market share to Internet-based incumbents (note 1). It’s a hyper-competitive market and banks have pushed forward to defend their turf from other big traditional brands. Read more…
Recently, the big data trend has been pulsing through fintech and beyond. To further prove this, data insights company and creator of looop, ERN, recently announced $1 million in funding and the acquisition of two companies. This seed funding, combined with the $1.6 million it announced in July and the $2 million it received late last Read more…
Sterling Bank announced this week a new, multi-year agreement with FIS to deploy the banking technology company’s Business eBanking and Mobile Banking technologies. The FIS Business eBanking solution is geared toward small and medium sized businesses. Features include check imaging, account transfer, ACH payments including direct deposit, as well as real-time access to both personal and Read more…
ACI Worldwide’s expansion into Asia just reached a new milestone. The company’s ACI Universal Online Banker and Global Trade Manager will be put to work powering the regional Internet and mobile banking platform of Singapore-based, DBS. The platform, DBS IDEAL 3.0 helps businesses better manage their cash and trade transactions. Additionally, IDEAL 3.0: Is used by Read more…
In the midst of gearing up for FinovateFall 2013 this September, we were lucky enough to have the opportunity to talk with Finovate newcomer – and FinovateFall presenter – Zooz and their CEO, Oren Levy. Zooz presented their Consumer Driven Payments Platform at FinvoateSpring this May. The company’s solution brings merchants and consumers closer by Read more…
In the fourth alumni funding this month, SafetyPay, a company that allows users to pay online directly from their bank account, received $7 million. The International Finance Corporation (IFC), a member of the World Bank Group, is providing the entire amount for the Florida-based company, which currently operates in Canada, Europe, the U.S., and Latin America. The Read more…
Courtesy of collaboration with Braintree, banking with Simple just got simpler. The partnership between the global payments company and the online mobile banking innovator will give Simple’s customers access to Venmo Touch. Adding this feature to their mobile app allows Simple to provide one-touch purchasing throughout Venmo’s app network ranging from Uber, Hotel Tonight, and Read more…
This week, three Finovate alums announced significant funding, totaling more than $34 million. Kony: provides mobile app and multi-channel solutions Amount: $18.3 million Series D Investor: Telstra Ventures Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S. Total Raised: $52.4 million Founded: Read more…
Exact terms of the funding were not disclosed in Encap’s press release of the announcement. However, TechCrunch is reporting that the funding totaled $2 million. This takes Encap’s total funding to more than $2.8 million, courtesy of previous investment from Alliance Ventures. Based in Oslo, Norway, Encap specializes in mobile authentication, providing in-app, banking grade Read more…