FinDEVr Preview: FixNix

fdny17FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

Pilot regulatory data lakes and take advantage of commodity cluster computing techniques for massively scalable, low cost storage of data files in any format. This solution from FixNix will help global banks to collate unstructured risk from public sources along with their regular risk information to file reports to regulators.

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Why it’s a must-see:

The presentation will provide a wide knowledge on the GRC space and how the process of compliance is simplified using FixNix’s tool that eliminates the redundancies and irregularities. The automation of the business process by a cloud player in GRC helps small and medium level enterprises.


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

FinDEVr Preview: Fiserv

fdny17FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

A new SDK from Fiserv packages a set of easy to implement payment processing APIs for the developer community. Organizations can now accept ACH or debit payments through a secure, proven platform from a company that manages more than 26 billion payment transactions a year.

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Why it’s a must-see:

Organizations that leverage the Fiserv SDK will have an opportunity to lower costs and reduce friction when processing transactions, in addition to taking advantage of faster processing times with next-day and instant processing. Organizations will also have an opportunity to capture an expanded customer base with this new payment alternative.


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

FinDEVr Preview: MapD

fdny17FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

MapD CEO Todd Mostak will show how financial institutions can mine billion+ row datasets with millisecond lag, gaining competitive advantage in the marketplace. MapD’s next generation database and visual analytics platform solves the problem of analyzing large datasets using the GPU’s parallel processing power and graphics capabilities.

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Why it’s a must-see:

MapD’s technology is particularly well-suited for financial services where those organizations place a premium on speed at scale. Having the capacity to look across at billions of data points and assess opportunity or validate hypothesis has made MapD the weapon of choice for hedge funds and investment banks alike.


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

FinDEVr Preview: Softjourn

FDNY17-Logo-RevFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

The presentation will highlight the main reasons Softjourn decided to implement an in-house loyalty program and why the company chose Monax blockchain cryptocurrency over other platforms. The presentation feature a combination of hardware, blockchain, and smart contracts, and how actually these work together in Softjourn’s project.

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Why it’s a must-see:

Softjourn will show how to use smart contracts to develop your in-house loyalty program and engage employees in CSR. The company will also show how to use smart contracts to donate to social projects as part of your CSR development strategy.


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

FinDEVr Preview: OutSystems

FDNY17-Logo-RevFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

BPI (Portuguese Investment Bank) is currently redesigning their digital channels using an omni-channel approach, including mobile banking, internet banking, branch, and contact center applications. To implement this, BPI has set up a development factory using agile methodologies and OutSystems as a low-code, development platform.

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Why it’s a must-see:

Learn how real FinServ companies are accelerating their digital transformations with low-code application platforms, as well as how to be a hero in mobile application delivery and meet those ever-shortening app delivery deadlines.

Also learn why Low-Code is the next evolution in app dev platforms (and how it’s 5x faster).


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

FinDEVr Preview: Simility

FDNY17-Logo-RevFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

“Fraud Mutates – Detect, Understand, and Block It.” Simility will demonstrate how a combination of flexible data ingestion and signal analysis, bolstered by advanced machine learning models in combination of human analysis can provide you an adaptive fraud prevention solution.

Simility_homepage_March2017

Why it’s a must-see:

Fraudsters are conjuring up new techniques to compromise systems and today’s digital businesses are constantly evolving. Simility’s fraud prevention solution can effectively adapt to both the changing and evolving threat vectors, as well as take into account the evolving business scenarios.


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

PwC Brings Blockchain PoC to London’s Specialty Insurers

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A team of 25 engineers from FinDEVr veteran PwC have completed a blockchain prototype designed to improve efficiency within London’s speciality insurance market. The Belfast, Ireland-based effort took six weeks and sought to show how the blockchain could help better manage interactions between claims process participants including brokers, claims approvers, and third party administrators.

“This proof of concept demonstrates the potential for efficiency and the elimination of error and duplicated information,” Steve Webb, financial services blockchain leader at PwC said. “It shows how blockchain can reduce costs and speed up the claims process in the London Market, allowing experts to focus on more value-add complex claims.”

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Pictured (left to right): Daragh Morrissey, Strategist, Microsoft, and Grainne McNamara, Principal, PwC Capital Markets, during their FinDEVr Silicon Valley presentation, “Blockchain Proof of Value in Trade Finance.”

Developed for the London Market Target Operating Model (TOM) Innovation Exchange, the trial featured smart contracts that automatically approved claims that met pre-set conditions, lowering costs and increasing speed of processing. Claim and invoice creation, and the approval and rejection of invoices were among the automated processes made more efficient by the introduction of blockchain technology.

Founded in 1849 and headquartered in New York City, PwC is known as one of the “Big Four” auditing firms (along with FinovateEurope 2017 sponsor KPMG, Deloitte Touche Tohmatsu, and Ernst & Young). But as the company demonstrated in its appearance at our developer’s conference, FinDEVr last fall, PwC has made major commitments to fintech innovation in general and blockchain in specific. The company’s new U.S. Fintech director, Geraldine Balaj told CoinDesk in August “service providers, asset managers, financial institutions, and clearing firms” were all working on distributed ledger-oriented projects with PwC. In October, during its FinDEVr Silicon Valley presentation, Grainne McNamara, Principal on PwC’s Capital Markets team and Daragh Morrissey, a Strategist with Microsoft, discussed how blockchain technology can improve business processes in trade finance.

Categories: PwC

Shwayhat Steps Up: GreenKey Technologies Announces New CEO

GreenKeyTechnologies_homepage_March2017

Voice software and VoIP network solution provider GreenKey has a brand new boss.

A fintech veteran with experience in sales, business development, and product management, Nader Shwayhat will join GreenKey as the company’s Chief Executive Officer. Shwayhat takes the helm from Paul Christensen, who was named CEO of the company last April. “Greenkey is challenging the entire notion of financial phone, turret, and transcription services,” Shwayhat said. “I’m thrilled to help bring our disruptive products to the entire industry.”

Anthony Tassone, founder and Chief Product Officer for GreenKey added that Shwayhat’s “domain expertise and executive leadership within capital markets” made him an ideal candidate to lead the company, “We are confident that he will infuse GreenKey with the same enthusiasm and commercial focus that he has throughout his impressive career,” Tassone said.

GreenKey_NaderShwayhatShwayhat served as a strategic advisor to GreenKey for five months before being tapped as the company’s new CEO. Previous to GreenKey, he was Head of Global Sales at Novus Partners, and held Executive Director and Senior Director positions at CME Group where he worked for more than four years. He was founder, Senior Product Manager, and Director of New Business Development for Pivot, a company that developed instant messaging technologies for financial market participants. Pivot was sold to CME Group for an undisclosed sum in 2012. Shwayhat earned both a Bachelors and a Masters of Science in Engineering from University of Michigan.

Founded in 2014 and headquartered in Chicago, Illinois, GreenKey demonstrated its technology during its FinDEVr presentation on voice software at FinDEVr New York. Senior Software Engineer Rohan Bedarkar and VP of Engineering Joe Heenan showed how GreenKey’s voice workspace supports remote collaboration with video conferencing and screen sharing while providing necessary insight for compliance officers (such as access to real-time transcribed conversations), biometric logins, and military-grade encryption.

GreenKey unveiled its new mobile turret app last December, a solution that is fully integrated with its VoIP network and its current turret hardware capabilities. In August, the company launched its Design Partner Program to make it easier for developers to work with the platform, and in May, GreenKey appointed Richard Garnier as its new Chief Revenue Officer.

Barclaycard Brings Payment Functionality to Fashion Accessories

Barclaycard_homepage_February2017

Originally published at Finovate.com.

With two new deals to integrate its contactless payment technology in fashion jewelry, Barclaycard is putting the ka-ching in bling.

On the eve of its FinDEVr New York debut, the credit card issuer announced a deal with fashion jewelry maker, DCK Group and another with technology innovator, Tappy Technologies, that will bring contactless payment functionality to the watches and other accessories sold at U.K.’s fashionable retailers such as Dorothy Perkins and Miss Selfridge.

The deal with DCK Group will add Barclaycard’s bPay chip to the company’s Tutch line of jewelry. The smaller and more flexible contactless chip can be fitted into a bracelet or a watch strap, turning a fashion accessory into a payment solution. Barclaycard’s partnership with Tappy Technologies brings its contactless payment technology – and network – to a company that specializes in turning watches into wearable payment devices.

“Our partnership with Barclaycard has allowed us to revolutionize the wearable tech market,” DCK Chairman Alan Witzenfeld said, “combining the knowledge and security of a major bank with the design and expertise of the best jewelery designers in the business to launch an affordable, functional, and desirable range of fashion-led jewelry.” Tappy CEO and founder Wayne Leung added, “Supported by its existing global customer network and influenced by the brand effect of Visa and Barclaycard, Tappy’s solution will open new horizons for the traditional watch and jewelry industry.” Barclaycard’s bPay technology is powered by Visa, which exhibited the technology this week at the Mobile World Congress in Barcelona, Spain.

This week’s deal is far from Barclaycard’s first foray into wearable technology. In the fall of 2015, the company partnered with U.K. retailer, Top Shop, to bring contactless payment functionality to smartphone cases, wristbands, key fobs, and stickers. Barclaycard also that fall announced a deal to launch a “contactless payment jacket” with Scottish knitwear maker, Lyle & Scott. Tami Hargreaves, Commercial Director for Digital Consumer Payments at Barclaycard credited the growth of contactless payments overall for driving both innovation and collaboration. “These partnerships show how the worlds of fashion and technology can combine to provide consumers with quick, easy, and convenient ways of making secure payments for £30 and under,” Hargreaves said. Since 2015, more than one million transactions valued at more than £6.6 million have been made using bPay-enabled wearable technologies.

Founded in 1966 as the first credit card in the U.K., Barclaycard made its U.S. debut in 2004 and launched its first mobile app for U.S. customers in 2011. Learn more about the company in our FinDEVr Feature with Barclaycard Vice President Premanand Chandrasekaran, and join Barclaycard this March for our first developer’s conference of the year, FinDEVr New York.

NYMBUS Scores with $16 Million Investment Led by Home Credit Group

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In a round led by Home Credit Group, core banking technology innovator NYMBUS raised $16 million in new capital. The funds build on the $12 million the FinDEVr/Finovate alum raised in the second half of last year, bringing its total capital to $28 million.

NYMBUS executive chairman Scott Killoh pointed to reliance on outmoded legacy core technology as holding back many institutions in the financial services industry. Because of this, he said “tens of thousands of banks and credit unions are not capitalizing on strategic growth opportunities.” The investment from Home Credit Group will help NYMBUS provide FIs with the modular, third-party friendly core banking technology that will enable them to keep pace with the demands of their customers. NYMBUS President David Mitchell called it “helping … implement digital-first strategies in order to drive customer growth and competitive differentiation.”

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Pictured: NYMBUS President David Mitchell during his presentation “NYMBUS: The Next Evolution in Core Processing” at FinDEVr New York.

Founded in 2015 and headquartered in Miami Beach, Florida, NYMBUS presented “The Next Evolution of Core Processing” at FinDEVr New York last year, during which Mitchell explained why the company decided to focus on core processing technology. “If I asked who in this audience has a pager or a Walkman,” Mitchell told the attendees at last year’s event, “not too many people are going to raise their hands. “But community banks right now are on 30-year old, 20-year old technology,” he said. “(It’s) the oldest technology in the world. It’s been lipstick on a pig, mainframes, green screens for 20 or 30 years.”

NYMBUS, in contrast provides an advanced, core processing platform, SmartCore, with a wide variety of APIs, customizable UI, a conversion layer, and an ecosystem of banking apps. The platform keeps all critical banking functions in a single system with a single sign-on and data set. Home Credit International Group Head of Special Projects Miroslav Boublik called NYMBUS “best positioned to stand at the core” of the disruption of the traditional banking model today. “NYMBUS’ technology is both many years ahead of traditional banking system vendors and most viable among emerging (fintech) providers,” Boublik said.

Earlier this month we shared news of the company’s partnership with California’s Kaiperm Diablo FCU to deploy its core banking technology, SmartCore. Kaiperm Diablo’s announcement comes just a few months after Pennsylvania-based CHROME Federal Credit Union reported that it would use SmartCore as part of its goal of transitioning to a digital-first credit union. NYMBUS has also been an active acquirer, buying Sharp BancSystems, KMR, and R.C. Olmstead in the summer of 2016. Also a veteran of Finovate, the company demonstrated its technology at FinovateSpring 2016.