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On FinDEVr.com

  • Payoneer Launches Cross-Border, Mass Payment APIs.

Alumni updates

  • FinDEVr veteran Hyperwallet adds former SecureNet Payments EVP, Mark Engels, as Chief Revenue Officer.
  • Best of Show winner AutoGravity forges new partnership with Westlake Financial Services to expand financing options for car shoppers.
  • The Paypers interviews Nicole Mantow, General Manager of EVO Payments, parent company of FinDEVr veteran, EVO Snap.
  • PayPal Acquires TIO Networks in $230 Million Deal.
  • Thomson Reuters Labs’ latest data science lab opens in Singapore.
  • Bluefin Payment Systems powers payment processing solution for ticketing and ecommerce platform, AudienceView.
  • Mitek to provide AML and KYC compliance technology for European blockchain firm, Nocks.
  • AutoGravity Earns Multi-Million Euro Investment from Daimler.
  • Northern California’s Kaiperm Diablo FCU to deploy core banking technology from NYMBUS.
  • Arxan launches Arxan Application Protection for JavaScript to protect JavaScript-based applications.

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

Payoneer Launches Cross-Border, Mass Payment APIs

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Cross-border payment startup Payoneer launched its first set of APIs this week. The New York-based company’s integrated payments APIs aim to make it easy for business platforms to power cross-border payments across the globe.

Using the new APIs, financial service providers can help their users in 200+ countries get paid by clients in 150+ local currencies without leaving their platform. After a simple integration process, companies can let Payoneer do the heavy lifting of regulatory compliance, licensing, security, and customer support. Among the first to leverage the new APIs is FinDEVr alum Xero (FDSV 14), a cloud-based accounting platform. Other use cases include:

  • Freelance management platforms
  • B2B marketplaces
  • Invoicing platforms

Founded in 2005, Payoneer offers multiple payout options, including prepaid debit cards, local bank deposits, international wire transfers, mobile payments, e-wallets, and paper checks. The company facilitates mass payouts for businesses looking to transfer money internationally, a service that supports companies such as Newegg, Airbnb, and Fiverr. Last October, H2 Ventures and KPMG named Payoneer as one of 50 industry leaders in fintech. That same month, the company closed a $180 million Series E round, which brought its total funding to $270 million. At FinDEVr New York 2016, the company’s director of engineering, Mark French, showcased how Armor Payments’ escrow solution has been integrated with Payoneer. The company also made an appearance at FinovateAsia 2013, where it launched a commercial account.

FinDEVr APIntelligence

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On FinDEVr.com

  • SimplyTapp Launches New Payments and E-Commerce App, Gane.

Alumni updates

  • Let’s Talk Payments interviews Marcin Truszel, Founder & CEO of Kontomatik.
  • StockTwits Partners with TradeIt to Expand Beyond Robinhood’s Brokerage.
  • Xignite adds senior sales, business development talent; unveils new offices in New York financial district.
  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • CurrencyCloud Taps Former Misys Executive Ed Addario as New CTO.
  • Quicken to Leverage PayNearMe’s Prism API.
  • The Banker interviews Avoka European GM, Richard Austen.
  • Persia International Bank chooses core banking technology from Temenos.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • EVO Payments acquires Sterling Payment Technologies.
  • Rabobank to deploy UP Immediate Payments from ACI Worldwide.

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

Quicken to Leverage PayNearMe’s Prism API

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Cash billpay service PayNearMe announced last week its Prism API is powering bill presentment for Quicken. By leveraging the Prism API, Quicken can provide its customers with real time bill and account visibility.

The Prism API also offers Quicken clients same-day bill payment capability for utilities, telecom providers, cable billers, and more. The integration has helped Quicken bring “thousands more” billers to its platform.

Screen Shot 2017-01-23 at 2.29.05 PMPrism’s bill presentment

Daniel A. Chen, Quicken’s head of business development said Quicken selected Prism because it is “extremely developer friendly” and “the documentation is among the best I’ve seen.” Chen continued,

“Prism API enables us to better support our customers by providing them with real-time insight into future cash-flow needs and upcoming bill amounts. It also enables us to monitor changes in a biller’s service that may affect our customers before they are noticed. The automated monitoring means we are able to troubleshoot more quickly than the manual process we were using before.

PayNearMe began offering access to the Prism API after it acquired Prism Money in May of 2016. Visa was the first client to leverage the Prism API. The company helps enterprise customers offer bill presentment capabilities to their consumer-reloadable prepaid card clients.

Founded in 2009, PayNearMe enables consumers to pay bills using cash at 17,000+ 7-Eleven, Ace Cash Express, and Family Dollar retail stores across the U.S. by scanning a barcode on their smartphone. Most recently, the company partnered with Comcast to power cash payments for XFINITY clients. PayNearMe presented at FinovateSpring 2013 and at FinDEVr Silicon Valley 2014. The company has raised more than $71 million in funding. Danny Shader is CEO.

Quicken debuted Quicken Online at FinovateFall 2008 in New York. The company, once owned by Intuit, was acquired by H.I.G. Capital in April of 2016 for an undisclosed amount. Eric Dunn is Quicken CEO.

FinDEVr APIntelligence

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On FinDEVr.com

  • Join FinDEVr New York’s Impressive Audience — Save On Tickets Through Friday!

The latest from FinDEVr Silicon Valley presenters

  • PwC and Oracle team up to help FIs meet new accounting standards
  • Technology from Modo Payments supports new loyalty point POS payment partnership between FIS and Verifone.

Alumni updates

  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.
  • Finextra: Blockchain launches Digital Asset Research Lab.
  • OnDeck and payment solutions provider WEX team up to provide small business financing.
  • Token partners with VirtusaPolaris, information technology consulting and outsourcing company.

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Arxan Acquires Apperian

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Application security company Arxan announced this week it has acquired Apperian. The mobile application management company will operate as a subsidiary of Arxan. Terms of the deal were not disclosed.

Apperian was founded in 2009 and has enabled 2.5 million enterprise app installations. In the past two years, the company has seen its user base grow 180%. Apperian executive Mark Lorion will become president and general manager of the new subsidiary. Lorion stated he is excited about the transition, since the companies share an “app-centric philosophy.”

In a press release Arxan CEO Joe Sander describes Apperian’s security capabilities as “pivotal for organizations to securely deploy and manage their apps.” Arxan launched in 2001 to prevent attacks and protect products for mobile, desktop, server and IoT.

Arxan is an alum of both Finovate and FinDEVr, having demoed at FinovateEurope 2014 where it debuted mobile application hardening technology that uses object code to lock down applications. The company also presented at FinDEVr Silicon Valley 2015 where CTO Sam Rehman presented on protecting apps and data from emerging risks. Arxan currently protects applications running on more than 500 million devices. Last month, the company closed out the year by winning a total of six IoT security awards.

FinDEVr APIntelligence

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On FinDEVr.com

  • Calling All Development Teams – Last Chance to Speak at FinDEVr NY.

The latest from FinDEVr Silicon Valley presenters

  • Finovate Debuts: AutoGravity Unveils the Future of Auto Financing.
  • Hyperwallet announces new office in London.
  • PwC and Supply Chain Finance Community launch SCF Barometer to better understand the development of supply chain finance industries.

Alumni updates

  • Bluefin Payment Systems wins patents for a pair of decryption-as-a-service technology.
  • Finance Disrupted interviews Xignite CEO and founder, Stephane Dubois.
  • Pakistan’s Samba Bank to deploy new core banking technology from Temenos.
  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • Mitek partners with the American Cancer Society, supporting mobile fundraising with its mobile deposit and MiSnap technology.

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

FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

  • Avalara Adds New CMO Jeremy Korst.

The latest from FinDEVr Silicon Valley presenters

  • Finovate Debuts: Sindeo Revamps the Mortgage Application Process.

Alumni updates

  • Flybits CEO Hossein Rahnama interviewed in TechRepublic feature on IoT trends in 2017.
  • ScientiaMobile recognized by CIOReview as one of the most promising CDN solution providers of 2016.
  • AFK Insider lists Craft Silicon’s Uber-challenging app, Little, in its look at major technology developments in Africa in 2016.
  • FinDEVr alum Streamdata.io joins Google Technological Partner program.
  • Inc. lists Xero and PayPal among 8 business apps that will crush it in 2017.
  • LTP: Trulioo CEO Stephen Ufford writes about the problem of gift card fraud.

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

Nubank Raises $80 Million in Series D Funding

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Financial services innovator Nubank closed on $80 million in Series D funding led by DST Global earlier this month, marking DST’s first investment in a Brazilian company. Other participants in the round include Founders Fund, QED Investors, Redpoint, Ribbit Capital, Sequoia, and Tiger.

This is Nubank’s sixth round of funding and brings its total amount raised to $178 million. While there was no report of the company’s latest valuation, FT Partners reports that after its $52 million Series C round closed in January, Nubank was valued at $500 million. The company will use the funds to accelerate hiring efforts and expand its product offerings. Specifically, Nubank hopes to add a rewards program and add more credit products.

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Founded in 2013, Nubank offers a Mastercard credit card with a companion mobile app that features PFM capabilities, spending alerts, and a card lock feature. The company has had success in differentiating itself from other financial institutions in Brazil, which offer credit cards with 400% APR. In comparison, Nubank’s APR comes in significantly lower at 145%. This differentiation has led to Nubank receiving 7 million applications for its card, which currently holds a waiting list of 500,000 applicants.

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Nubank Co-Founder and CTO Edward Wible, along with Lucas Cavalcanti, Lead Software Engineer, showcased at FinDEVr New York 2016 (pictured above) in a presentation titled Our Money, Our Rulebook. which explored how Nubank deals with real-time, double-entry accounting on a per-customer basis. In October, H2 Ventures and KPMG listed Nubank among 50 leading fintech companies.

FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

  • CTO Talk with Eugene Marinelli, CTO of Blend
  • Nubank Raises $80 Million in Series D Funding

The latest from FinDEVr Silicon Valley presenters

  • Aerospike announces 100% year-over-year bookings growth.
  • NuData Security partners with Arvato Financial Solutions to combat fraud and enable a smoother customer experience.

Alumni updates

  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.
  • Commerce Bank chooses Temenos to upgrade core deposit banking system.
  • Token signs memorandum of understanding (MoU) with Fidor Bank for digital payments.
  • PYMNTS.com interviews Nick Thomas, cofounder of Finicity, in the wake of his company’s latest funding round.
  • Arxan Technologies wins six industry IoT security awards.
  • TemenosMarketPlace receives the Banking Technology Readers’ Choice Award for “Best emerging/innovative technology product/service” at the Annual Banking Technology Awards.
  • InComm expands partnership with Target Australia to offer gift cards in stores and online.
  • PayPal teams up with Citibank, FIS to expand cross-channel presence.

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