FinDEVr APIntelligence

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FinDEVr New York is just over one month away. Visit our registration page today and save your spot as our developer’s conference returns to New York City, March 21 & 22, for two days of APIs, SDKs, case studies, coding examples, and more.


  • Braintree Hires John MacIlwaine as New CTO.

The latest from FinDEVr New York presenters. Catch them at FinDEVr New York next month!

  • ChartIQ to provide Fidessa with HTML5 charting options.

  • Clutch recognizes Softjourn as one of the top web and software developers in the Ukraine.

  • Fiserv wins inaugural Technology Association of Georgia (TAG) Fintech ADVANCE Award for its Verifast palm authentication technology.

  • Vantiv to provide debit, credit, and ATM processing services for Financial Technology Solutions International.

  • Massachusetts-based bank, Salem Five ($4.2 billion in assets) picks Fiserv as its new technology partner.

  • Vantiv partners with CardFlight to Offer EMV Mobile POS Solution.

Alumni updates

  • Intuit deploys VersaPay ARC for its SME customers and accountant clients.

  • Wave to offer OnDeck business loans and lines of credit courtesy of new partnership.

  • IBM leverages Hyperledger Fabric to support a trade finance-oriented blockchain project in Dubai.

  • Entersekt CIO Gerhard Oosthuizen shares advice on passwords and protecting personal data in Moneyweb.

  • ACI Worldwide teams up with Chargebacks911 to help merchants handle fraudulent chargebacks.

  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

  • Envestnet | Yodlee partners with mobile-only banking startup, Varo Money.

  • Xero partners with Sasfin Bank to offer next generation financial management to small businesses.

  • Betterment unveils new multi-plan offering with access to human advisors.

  • Fidor partners with EPAM Systems to gain access to additional product development and software engineering talent.

  • Avoka names former KPMG executive Matt Lewis as new CFO.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Braintree Hires John MacIlwaine as New CTO

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Former Lending Club CTO John MacIlwaine will join Braintree as the company’s new Chief Technology Officer. MacIlwaine takes the reins from current Braintree General Manager Juan Benitez, who had been serving in both capacities since 2014.

“As this global role will have a significant impact on our products, team, and strategy,” Benitez wrote in a blog post at Braintree, “John’s 20+ years of experience as a CIO/CTO in the financial services industry driving innovation at scale for multiple teams is a perfect fit for Braintree.” In his new position, Macilwaine will lead product development including engineering, product management design, and production engineering.

Braintree specializes in payment solutions for e-commerce companies ranging from small businesses to large corporations. The company’s platform enables merchants and businesses to accept payments directly, manage an online marketplace, or explore new sales channel opportunities. Braintree prides itself in being “developer-bred” and “technology-led” and emphasizes the ease of integration and wide payment optionality (including PayPal and Venmo) of its technology.

Braintree_JohnMacilwaine“The two-sided platform that only Braintree and PayPal together can deliver is unmatched and has always stood out to me,” MacIlwaine said. “I’m thrilled to leverage this unique value proposition to continue helping merchants around the world grow and succeed.”

MacIlwaine comes to Braintree from fellow Finovate alum, Lending Club, where he was CTO for more than four years. Before Lending Club, MacIlwaine held executive positions at Green Dot, Visa, Sungard, Envestnet, and Morgan Stanley. He has a BSE in Computer Engineering from the University of Michigan, where he is a member of the Entrepreneurship Advisory Board at the School of Information.

Founded in 2007 and headquartered in Chicago, Illinois, Braintree presented tools, tips, and other developer resources for building better e-commerce experiences for customers at FinDEVr New York 2016. The company is also a veteran of Finovate, having demonstrated its payment solution, Venmo Touch at FinovateSpring 2013. Braintree unveiled an expansion of its commerce infrastructure APIs last December, and promoted William Ready to COO in October. The company was acquired by PayPal in the fall of 2013 for $800 million in cash.

Misys Veteran Ed Addario Joins CurrencyCloud as New CTO

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Ed Addario, the new Chief Technology Officer for CurrencyCloud, brings an impressive track record as a fintech executive to the company. Addario comes to CurrencyCloud after serving as Global Head of Architecture and Integration at Misys. And previous to his tenure at Misys, Addario was SVP Technology at Monitise. At CurrencyCloud, Addario will manage a 45-member team dedicated to developing the company’s APIs that help third parties automate and enhance their payment processes.

In a statement, Addario praised CurrencyCloud’s technology for being “built by developers for developers” and referred to the company part of the “next generation” that will “realize the true potential of the digital economy.” CurrencyCloud CEO Mike CurrencyCloud_EdAddarioLaven called Addario a “perfect fit” for the task of helping create solutions that will enable companies to take advantage of “new and emerging business models” without being limited by legacy technology. “Ed will play a key role in developing the tools that we provide,” Laven said, “to allow our customers to build the best solution for their business needs.”

Addario has a B.Sc. in Computer Science, with coursework in Applied Statistics and Machine Intelligence, and a M.Sc. in Manufacturing and Quality Engineering. He is also a senior member of the Institute of Electrical and Electronics Engineers (IEEE).

Founded in 2012 and headquartered in London, U.K., CurrencyCloud demonstrated its payment engine last year at FinovateEurope 2016. The company also presented at our developer’s conference, FinDEVr Silicon Valley in 2015, discussing how Currency Cloud rebuilt its market-leading API. Named to Fintech Forward’s “20 Companies to Watch” last fall, CurrencyCloud forged a partnership with Arkea Banking Services in August, and appointed a new CFO, Fiona Tee, last spring. CurrencyCloud has raised $35 million in funding – including an $18 million Series C in June 2015. Sapphire Ventures, Notion Capital, and Atlas Venture are among the company’s investors.

SimplyTapp Launches New Payments and E-Commerce App, Gane

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Gane, the new mobile app from SimplyTapp that integrates shopping, payments, and money transfers is now available in the U.S. As part of the launch – and to encourage people to try the technology – SimplyTapp has partnered with Product Hunt to give users $10 to spend anywhere Apple/Android Tap & Pay is accepted.

Writing in a discussion board at Product Hunt, SimplyTapp Creative Director Seth Louey called Gane an “easy, secure, and private way to shop, save, pay and transfer that’s fast and convenient.” Available on both iOS and Android, Gane can be used at more than two million retail locations worldwide, and works with hundreds of Apple Pay-enabled apps and websites. The company says users of its app save an average of $44.37 a month.


Pictured: SimplyTapp CEO and co-founder Doug Yeager during his presentation on Host Card Emulation (HCE) at FinDEVr Silicon Valley 2014 in San Francisco.

With Gane, SimplyTapp brings its “tap-to-pay” technology to iOS devices as well as Android, enabling mobile users to make payments and redeem rewards with a single transaction. Users can load up to $200 per day to their Gane accounts using their linked debit card or credit card (free for debit, 3% service fee for credit), and there is no limit on the number of withdrawals. Because money transfer recipients must have the Gane app installed in order to access funds, transfers to people without Gane come with a prompt to download the app. We discussed Gane as part of our look at AI in fintech last fall.

Founded in 2011 and headquartered in Austin, Texas, SimplyTapp specializes in using host card emulation (HCE) to enable mobile devices to make “proximity payments.” Doug Yeager discussed HCE technology during his presentation at the inaugural FinDEVr Silicon Valley 2014. HuffPo featured the company – along with fellow Finovate alum Kontomatik – in roundup of the five most useful APIs in the financial world back in March. SimplyTapp has raised more than $10 million in funding, and includes BlueSky Capital and LightSpeed Ventures among its investors.

FICO and Ethoca Team Up to Fight CNP Fraud

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Card issuers! When it comes to fighting CNP fraud, FICO and Ethoca have got your back.

This week Canada-based anti-fraud solutions provider Ethoca and analytic software titan FICO announced a partnership designed to help online merchants boost card acceptance, reduce disputes, and combat e-commerce fraud. Card issuers using FICO’s Falcon Fraud Manager will be able to link up with Ethoca’s Global Collaboration Network – including Ethoca Alerts – to provide further protection against suspicious transactions.

“Our partnership with Ethoca broadens our complement of fraud management solutions and expands the partnership between issuers and merchants,” FICO VP and GM for Fair Isaac Advisors, Robert Duque-Ribeiro said. “The first step in our partnership gives card-issuing banks access to the largest card issuer-merchant collaboration network in the world.”

The collaboration is geared to provide support throughout the “fraud lifecycle” of “protection, prevention, alerting, investigation, and recovery.” Connected to Ethoca’s network via a direct integration, card issuers will benefit from the ability of Falcon Fraud Manager’s advanced analytics to spot potential fraud, as well as Ethoca Alerts’s real-time notification when card-not-present fraud is confirmed by both cardholder and bank. The alerts enable merchants to act quickly to stop fulfillment of fraudulent orders and provide refunds to cardholders quicker than with the standard chargeback process.

“Our partnership with FICO is yet another example of Ethoca’s commitment to making collaboration a no-brainer for the world’s leading card issuers and merchants,” Ethoca EVP for Business Development, Trevor Clarke said. He added that Ethoca’s solution provided “a new layer of value – recovery” that is only possible when there is a strong collaboration between card issuers and merchants. Recovery is an especially key component when it comes to resolving issuer-liable fraud losses (i.e., 3D Secure transactions) and losses from low-value transactions. “Through the partnership,” Clarke added, “everyone in the payment lifecycle gets more value and enjoys a better experience – except the fraudster.”

Founded in 2006 and headquartered in Toronto, Ontario, Canada, Ethoca demonstrated its Ethoca Alerts technology at FinovateEurope 2016. The company announced that it would power fraud alerts for fellow Finovate alum ACI Worldwide back in August, and integrated its alerts technology into fraud detection platform, Kount Complete. Check out our Finovate Debut feature on Ethoca.

FICO made its FinDEVr debut at FinDEVr New York 2016 last spring, with a presentation titled, “Rapidly Deliver Contextually-Powered Stream Processing.” Headquartered in Silicon Valley and founded in 1956, FICO owns more than 165 patents and its solutions are used by businesses in more than 100 countries. Last June, the company acquired cybersecurity innovator, QuadMetrics, as part of a plan to offer “enterprise security scores” and launched Falcon Assurance Navigator to make it easier for universities to track federal grant spending. FICO launched its Score Simulator last spring and announced that former eBay and Oracle executive, Claus Moldt, would join FICO as Chief Information Officer.

Avalara Adds New CMO Jeremy Korst

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Starting in 2017 former Microsoft executive Jeremy Korst will be the man driving the message at tax compliance innovator and FinDEVr alum, Avalara. The Seattle-based company announced this week that Korst will join Avalara as its new chief marketing officer and executive vice president. Coming onboard at what Korst called “an exciting inflection point” for the company, he praised Avalara’s “ideal combination (of) a terrific executive team; a cohesive, unique culture that embraces the ‘power of Orange;’ a proven platform; and a massive global market opportunity.”

avalara_jeremykorstKorst (pictured) arrives at Avalara after several years at Microsoft where he led planning and execution of the global launch of Windows 10. Previous to Microsoft, Korst served as vice president and general manager at T-Mobile, and senior product marketing manager at AT&T Wireless/Cingular. A member of the board of a number of companies including Shoelace Wireless and 9104 Studios, Korst is a mentor for Seattle-area technology accelerator, 9Mile Labs. He has a BA in Economics, Politics, and Government from the University of Puget Sound, and a MBA from the Wharton School, University of Pennsylvania.

At Avalara, Korst will be responsible for brand, demand generation, as well as channel, international, product, and customer marketing. Avalara general manager and CRO Pascal Van Dooren said Korst’s experience in marketing “some of the most storied names in tech … make(s) him an ideal fit for Avalara.”

Avalara presented “The Wacky World of Sales Tax” at FinDEVr Silicon Valley 2015, explaining how its API makes it easy for developers to integrate transactional tax compliance into their applications. Last fall, Avalara announced an investment of $96 million that took its total capital to more than $300 million. In August, Avalara added a set of enhancements to its CertCapture management solution for compliance documents. And in June, in addition to unveiling a new integration with Stripe, the company was recognized at the American Business Awards.

NuData Security Partners with Arvato Financial Solutions on Behavioral Biometrics

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At its FinDEVr Silicon Valley debut this fall, digital authentication specialist NuData demonstrated how its technology, NuDetect, enabled verification using a combination of behavioral biometrics identification and analytics, device location, and entity linking. “(NuDetect) continuously verifies a user’s online identity based upon analyzing the user’s natural interactions,” Robert Capps, VP of Business Development of NuData, explained from the FinDEVr stage. “These are behaviors that can’t be stolen, replayed, or reused – and so they aren’t subject to data breach.”

The technology enables FIs to both separate good users from bad with a high degree of accuracy, while providing “actionable intelligence on interaction risk,” Capps added. And once a company is able to tell good users from bad, he said, “all the other technological attacks that are available, such as identity theft, account takeover, new account fraud … become very easy to deal within this framework.”

It turns out this was precisely the kind of solution sought by Arvato Financial Solutions, which announced a partnership with NuData this week. With 7,000 employees working in 22 countries in Europe, Asia, and the Americas, Arvato Financial Solutions will leverage NuData’s technology to “stop fraud, prevent attacks, and continuously verify good users,” said Arvato Financial Solutions President of Risk Management, Frank Schlein. He praised NuData’s integration of authentication technologies such as passive biometrics and device fingerprinting, and the Canadian company’s “specific European market insight as well as local data protection known-how.” Arvato Financial Solutions is a part of the German multinational media giant, Bertelsmann SE & Co, as a subsidiary of Arvato.


Pictured: Robert Capps, VP of Business Development of NuData, during his presentation, “NuDetect: It’s All About Trust” at FinDEVr Silicon Valley 2016.

NuData Security CEO Michel Giasson referred to Arvato as a “best-in-class partner” and highlighted the ability of technology like NuDetect to help companies defend themselves and their customers against cybercrime. “Fraudulent online behavior can send ripples through organizations, directly impact the bottom line and disgruntled customers could damage the brand image,” Giasson said.

Founded in 2008 and headquartered in Vancouver, British Columbia, Canada, NuData presented “It’s All About Trust,” a demonstration of the company’s behavioral biometric technology and a look at the science behind the solution, at FinDEVr Silicon Valley 2016. In October, NuData announced a strategic alliance with Early Warning to provide security for real-time, P2P money transfers, and in August, the company was noted for its fraud detection technology in Gartner’s Industry Analyst Reports. NuData, a 2016 MRC METAwards winner, reported this summer that it had more than doubled behavioral transaction volume to 38 billion in 2015 from 18 billion in 2014, adding it was on pace to process 80 billion in 2016.

FinDEVr Silicon Valley: Techs on Twitter

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TwitterLogo_blue_newNot to be outdone by the notoriously clever Tweeters of Finovate, the attendees of FinDEVr Silicon Valley 2016 produced more than their fair share of insights and observations on Twitter during the show. And for the first time, FinDEVr announced a pair of prizes for those technologists whose use of Twitter during the show was the most remarkable.

Taking home top honors for Most Active Tweeter at FinDEVr Silicon Valley was Bandit, known also by her Twitter handle @miss_haley. With more than 90 tweets over the two days of our developers conference, @miss_haley was hard to beat.


More than mere volume, @miss_haley’s knowledgeable and clever Tweets covered everything from the real-time animations of FinDEVr newcomer Cognitect, to the drama of the Jengawars, to pondering the challenge of voice authentication in an increasingly gender-diverse world.

Also winning one of our Twitter awards was David Pinski (@dapisnki). With tweeting recognized as the Most Effective Use of #FinDEVr, @dapinski impressed with his insightful comments about PwC and blockchain technology, as well as the “courageous and brave” presentation by MX’s Brandon DeWitt, his observations on the difficulty of balancing technology and business perspectives in a FinDEVr presentation, and his creation and awarding of the “Funniest Nerd of the Day” award to IBM’s Stefania Kaz.


Here are some of the other more memorable moments of FinDEVr Silicon Valley 2016 as tweeted by our attendees.










We hope you had much fun at FinDEVr Silicon Valley 2016 as we did. For more from the Tweeters of FinDEVr Silicon Valley, check out #FinDEVr on Twitter. And to keep up with all of our alums and their exciting new innovations, be sure to follow us @FinDEVr.

FinDEVr Silicon Valley: Celebrating the Best of the Builders

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After watching two days of live presentations from fintech innovators from around the world, the attendees at FinDEVr Silicon Valley 2016 have made their preferences plain. So many presenters received enthusiastic praise for the way they are solving problems and developing tools/APIs to make payments more efficient, security more effective and financial data more accessible. And there were a few companies that stood out from an impressive pack.

So without further ado, let’s take a look at the favorites (all chosen by audience vote, except the Press/Analyst favorite):

Crowd Favorite – Day One

  • MX for its heartfelt message on how it gets the necessary work done, both in fintech and in life

Crowd Favorite – Day Two

  • OCR Labs for its innovations in optical character recognition (OCR) and facial recognition (FR) technology and their application on web and mobile platforms.

Press/Analyst Favorite

  • 1787fp for its mobile app that helps consumers track and manage their finances and investments.

Favorite FinDEVr Alum

  • for its registered email and registered electronic contract technology.

Favorite FinDEVr Debut

  • WiseBanyan for its free, independent, goal-based roboadvisor designed to help investors reach their first $100,000.

Favorite Established Company

  • IBM for its implementation of the Hyperledger Project and blockchain-as-a-service strategy.

Favorite Startup Company

  • Alloy for its software solutions that help financial services companies conduct KYC/AML, risk management, and maintain continuous compliance.

We want to thank everyone who made FinDEVr Silicon Valley 2016 possible. From our presenters to our attendees to all the staff and others who participated in this year’s event, we truly could not do this without you. So give yourselves a pat on the back, raise a toast of something tasty, and mark your calendars as we take our developers conference to the Big Apple next spring for FinDEVr New York 2017, and then across the Atlantic for FinDEVr London 2017 in June.

Welcome to Day 1 of FinDEVr Silicon Valley 2016

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We’re back! After taking FinDEVr on the road for a very successful inaugural New York show this spring, our fintech developers conference has returned to the Left Coast for two days of APIs, SDKs, and enough case studies, integrations, and code to choke a Python (see what I did there?). If you haven’t picked up your tickets yet, there’s still time to swing by our registration page and save your spot.

FinDEVr Silicon Valley 2016 begins Tuesday morning with registration at 9am and the first pair of presentations starting at 10:05am. Our dual-track event continues into the afternoon, with the final pair of presentations beginning at 3:25pm, followed by an hour-long networking session with open bar and appetizers lasting until 4:30pm. For more information, check our event agenda and schedule.


So what else do you need to know in order to get your FinDEVr experience off to a great start? Here are a few last minute details:

What? FinDEVr Silicon Valley 2016, a conference for fintech developers, CTOs, and technologists

When? Tuesday and Wednesday, October 18 & 19, 9am – 4:30pm

Where? Santa Clara Convention Center; 5001 Great American Parkway, Santa Clara, CA 95054

Why? Because from the blockchain and chatbot technology to artificial intelligence and machine learning, the innovations in fintech are among the most ambitious in all of technology. Not only that, but fintech innovations are built for real-world use by everyone from soccer moms and dads to corporate treasurers and data scientists.

How (to make the most of your FinDEVr experience)? Once you’ve got your ticket, the first thing to do is to let the FinDEVr world you’re coming via our event app on Bizzabo. Just download the app (iOS or Android), search for “Finovate”, and register using the same email information you used when you bought your ticket. And that’s it – you’ve just joined FinDEVr’s community on Bizzabo!

In addition, you can follow all of the action in both tracks by following us @FinDEVr. This way you can check out the presentations you like most, without being afraid that you’ll miss something cool in the presentation around the corner. Please tag your tweets #FinDEVr so everyone will hear what you’ve got to say.

As always, if you’ve got questions, take a look at our FAQ or email us at for answers. We’ll see you at FinDEVr!