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.

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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.

FinDEVr APIntelligence

FDNY17-Logo-RevFinDEVr New York will be here in just two short weeks! Check out company features and take a look at the previews from upcoming presentations. And of course, don’t forget to register today to save!

On FinDEVr.com

  • Envestnet | Yodlee Launches Suite of Risk Reporting Tools.
  • PwC Brings Blockchain PoC to London’s Specialty Insurers
  • Shwayhat Steps Up: GreenKey Technologies Announces New CEO
  • Scotiabank and AlphaPoint Wrap Up Blockchain Trial
  • Check out these previews from upcoming FinDEVr New York presentations:

Alumni updates

  • BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app.
  • OutsideIQ teams up with Genpact to bring better risk management, KYC, and AML compliance solutions to banks.
  • Bluefin Payment Systems joins forces with The Pinnacle Corporation, bringing point-to-point encryption (P2PE to the latter’s Palm POS platform.
  • Top 10 global bank deploys mobile capture technology from Kofax.
  • IBM forges strategic partnership with Salesforce, connecting AI platforms IBM Watson and Salesforce Einstein.
  • Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards.
  • Kontomatik nominated at the Dutch FinTech Awards 2017.
  • Mambu goes live in the Americas with new offices in Miami and new regional managing director.
  • PayPal partners with Oro ecommerce platform.
  • UK food retailer, The Co-operative Group chooses ACI Worldwide to run wallet service.
  • Palestine’s The National Bank deploys core banking technology from Temenos.
  • Dallas News founder features Bruce Parker, founder and CEO of ModoPayments.

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

FinDEVr Preview: ChartIQ

FinDEVr PreviewsFDNY17-Logo-Rev 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.

ChartIQ will present Finsemble, an Openfin Application Framework that provides infrastructure, services and components for quickly building multi-window financial desktop applications. This presentation will describe the process of building these apps in Finsemble, outline the key problems addressed, and conclude with a quick coding demonstration.

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Why it’s a must-see:

ChartIQ will show how quick and easy it is to build a functioning multi-window financial desktop application in minutes with Finsemble.


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

FinDEVr Preview: Teneo & Riverbed Technology

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.

Teneo, in partnership with Riverbed Technology, will present holistic application performance monitoring for the modern financial services enterprise.

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Why it’s a must-see:

See how performance visibility can be enhanced and coordinated across the application life cycle from development, quality assurance, to production.


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

FinDEVr Preview: SaleMove

FinDEVr PreviewsFDNY17-Logo-Rev 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.

SaleMove will be demonstrating its new SDK, which will allow companies to leverage the SaleMove Communication Platform in a greater number of ways, including more customizable implementations.

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Why it’s a must-see:

The company will demonstrate the ease at which developers can add SaleMove’s full communication platform to their company’s website.


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

Envestnet | Yodlee Launches Suite of Risk Reporting Tools

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Data aggregation and analytics platform Envestnet | Yodlee launched a Risk Insight Suite today. The collection of reporting tools are aimed to help lenders bolster information gained from traditional credit reports by leveraging consumer financial data.

Using a co-brandable experience, the reports pull information directly from a prospective borrower’s banks to offer lenders an up-to-date picture of the borrower’s assets, income, and expenses. This detailed level of account information helps lenders with underwriting, origination, pre-qualification, and account review. The system leverages machine learning, along with a risk-based engine to simplify the review process and highlight any issues that may indicate a riskier borrower.

In the press release, Terry McKeown, Practice Manager, Credit Analytics at Envestnet | Yodlee said, “By using consumer permissioned financial data, lenders can obtain a complete financial picture of a borrower. This is especially true for credit invisible consumers who have no credit file or cannot be scored with traditional models, and for subprime consumers whose transactional data can help lenders make more accurate assessments of risk.”

Along with providing more valuable metrics for the lender, the Risk Insight Suite creates a smoother user experience for the end client. Because Envestnet | Yodlee pulls all necessary information directly from the user’s bank, there is no need for the client to supply paper bank statements and tax returns.

This is similar to the company’s Mortgage Asset Verification product launched in December of last year. In comparison, that offering is exclusive to mortgage borrowers, while the Risk Insight Suite of reporting tools caters to a larger audience. Envestnet | Yodlee most recently demoed at FinovateFall 2016 and at FinDEVr Silicon Valley 2016 where Deviprasad Kocherry, director of platform and product management, and Deven Maru, senior product manager of mobile platform, presented on fast integration using the company’s APIs. Since acquiring Yodlee in August 2015 for $660 million, Envestnet | Yodlee has built out its Advisor Now solution and landed a partnership with Morgan Stanley’s wealth management arm.

FinDEVr Feature — MapD

See MapD and the rest of the FinDEVr New York speaker lineup on March 21 & 22. Register and save 10% with the promo code FinDEVrBlog.

Interview with Todd Mostak, MapD’s CEO & Founder:

MapDWhere did you start your career and how did you gain the experience needed to run the tech side of your company?

I think most people would consider my path to becoming a CEO of a startup to be unorthodox – even for startups.

I graduated from the University of North Carolina at Chapel Hill with a degree in Economics and Anthropology. After graduation I moved to Syria to teach English for Berlitz while learning Arabic myself. I found the language and culture fascinating and would go on to study Arabic at the American University in Cairo where I also worked as a translator and occasional writer for the Egyptian newspaper Al-Masry Al-Youm.

With my eye on academia I went to Harvard, where I started to work on my master’s degree in Middle Eastern Studies with a focus on how social media impacted the Arab Spring. My thesis involved performing analytics on hundreds of millions of tweets – and I didn’t have access to the computational horsepower or visual analytics tools to do it effectively. I had cross-registered for a database systems class at MIT where I built a prototype database that ran on graphics cards rather than on conventional processors. This allowed me to do and see things in the tweets that I would have never found using traditional methods.

With the encouragement of MIT Professors Sam Madden and Michael Stonebraker I ended up joining their Computer Science and Artificial Intelligence Lab (CSAIL) and working full time on this concept of a fast system (database + datavis). In 2013, we won Nvidia’s Early Stage Challenge and decided to make MapD our sole focus.

From a technologist’s perspective, what’s unique and game-changing about your technology?

MapD has leveraged the parallel processing power of GPU to create the world’s fastest data exploration engine. By pairing a lightning fast, SQL-compliant, GPU database with a cutting edge visual analytics engine, MapD allows multi-billion record datasets to be queried and visualized in milliseconds. For organizations, this means that they can tackle problems that are far larger, far more complex, far more difficult than previously imagined – without losing any grain level detail.Feature - MapD 1

Speed of thought data exploration used to stop at tens of millions of rows – constrained by both the performance of CPU-bound databases, but also by the performance of in-browser visualization solutions. To go beyond those limitations meant waiting minutes, if not hours to see your results. MapD’s GPU-powered software reframes that conversation.

Now hundreds of billions of rows can be scanned and visualized in less than a second. The ability to truly explore massive datasets, the way humans crave, rapidly testing and validating hypotheses with millisecond response times is now possible. Further, the ability to visualize that data – at any level desired, comes into frame; from a model of every wind pattern in the Pacific to a single gust of wind, from 1.2 billion taxi rides in NYC to a single trip to JFK, from hundreds of millions of political donations to those on your street.

The biggest challenges facing the financial services industry invariably involve data. Creating a framework to evaluate every datapoint, without downsampling or indexing means we can engage broadly, rapidly and successfully on issues like alpha generation, fraud, AML and operational risk.


Tell us about your favorite implementation of your Feature - MapD 2solution/technology.

I would be lying if I didn’t say that my favorite implementation was our Tweetmap. It was the first thing I built and was the primary tool to explain the power of speed at scale for several years. We have since expanded, not just in terms of other public demos but in terms of what our clients are doing.

This is what excites me the most – the types of problems our clients are applying our technology to solve. In financial services, it is clearly our hedge fund clients, who are looking at billions of rows of data (production data, clickstream data, product data, weather data) to find nuggets of alpha. These are challenges that were simply too big for their existing infrastructure and their ability to look across all of it means that they can “see” more than their competitors. They like that.


FinDEVr New York 2017 is partnered with American Banker, BayPay Forum, BiometricUpdate.com, Breaking Banks, Byte Academy, Canadian Trade Commissioner Service, Celent, CIOReview, Cointelegraph, Colloquy, Distributed, Economic Journal, Empire Startups, Femtech Leaders, Finmaps, Fintech Finance, Harrington Starr, Level39, Mercator Advisory Group, The Paypers, SecuritySolutionsWatch.com, Swiss Finance + Technology Association, and Women Who Code.

FinDEVr Feature — NuCypher

See NuCypher and the rest of the FinDEVr New York speaker lineup on March 21 & 22. Register and save 10% with the promo code FinDEVrBlog.

Interview with Michael Egorov, NuCypher‘s CTO & Co-Founder:

49539015_michael-egorovWhere did you start your career and how did you gain the experience needed to run the tech side of your company?

Before starting NuCypher, I worked on infrastructure tools at LinkedIn, where we faced some of the thorniest scaling challenges in the world. But my background is as a scientist and physicist. I was a bronze medalist in the 2003 International Physics Olympiad and graduated from the Moscow Institute of Physics and Technology. I later worked as a post-doc on ultra-cold atoms in an area closely related to quantum computing.

From a technologist’s perspective, what’s unique and game-changing about your technology?

I find the technical details of our proxy re-encryption technology particularly fascinating. In brief, proxy re-encryption allows you to transform data encrypted under one set of keys into being encrypted under a second, different set of keys. This is a direct re-encryption, with no intermediate decryption step. This allows us to do some really neat tricks around key rotation and access delegation for the platforms we support.

Tell us about your favorite implementation of your solution/technology. NuCypher

Simple is good, so I’m going to choose key rotation. Currently, key rotation in Hadoop has to be done manually, which means shutting down encryption zones, sending data to the key management service, decrypting it, encrypting it with the new key, and sending it back to the storage layer. Many of our customers are dealing with petabytes of data and this process can literally take a half or even a full day. A full day of downtime! With NuCypher, we can perform key rotation in a few seconds.


FinDEVr New York 2017 is partnered with American Banker, BayPay Forum,BiometricUpdate.com, Breaking Banks, Byte Academy, Canadian Trade Commissioner Service,Celent, CIOReview, Cointelegraph, Colloquy, Distributed, Economic Journal, Empire Startups,Femtech Leaders, Finmaps, Fintech Finance, Harrington Starr, Level39, Mercator Advisory Group, The Paypers, SecuritySolutionsWatch.com, Swiss Finance + Technology Association, and Women Who Code.