FinDEVr Feature — CardLinx Association

See CardLinx 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 Silvio Tavares, CardLinx Association‘s CEO & President:

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

CardLinxAn electrical and computer engineer by training, my first job was at AT&T Bell Labs where I worked on one of the earliest methods for web-based payments. Since then, I have authored over fifteen granted or pending patents in the fields of digital commerce, electronic payments and payments analytics. My work in the business side of payments informed the direction of the technologies I pursued. These leadership positions included my time at ABN AMRO Investment Bank in London, where I was Director and Head of Financial Technology Investment.

More recently, I was Global Head of Information Products, SVP at Visa, leading a business unit generating several hundred million dollars in annual sales and successfully launching key new products in the areas of payment fraud detection, digital marketing and merchant loyalty. I joined Visa from First Data, the leading payments processor, where I was Global Head of Information and Analytics, SVP. At First Data I created and launched SpendTrend™, First Data’s U.S. macro-economic spending indicator based on credit card transaction data.

My work at the intersection of payments and technology culminated in the founding of the CardLinx Association, where I am President and CEO. Working with our founding members including Mastercard, Discover, First Data, Facebook and Microsoft, we’ve become the leading voice for the card-linking and online-to-offline industries.

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

49539015_silvio-hires_4x5Consumer spending makes up 70% of the US economy. 90% of that spending occurs in stores not online. Card-linking enables companies to link a consumer’s online data with their in-store shopping. We are excited to announce to the fintech industry the first open source card-linking software.

The underlying technology was developed by Microsoft and they have provided the codebase for its Earn card-linking platform on the CardLinx website. It is free and publicly available. The software demonstrates API access to the leading payment networks (Visa, Mastercard, American Express and Discover) and is available for banks, digital publishers, messaging platforms and other tech companies to build on the code and bring their card-linking and loyalty programs more quickly to market.

Just as other platforms experienced explosive growth after APIs were made available, like Apple’s App Store and Facebook’s messaging API, an open source card-linking code is the next logical step in the development of card-linking and the overall growth of the online-to-offline industry.

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

We released the open source code at the beginning of January. At this time there are a number of companies using it as a foundation for their own card-linking and loyalty programs. I will be excited to share the names of the companies at my demo on March 21 at FinDEVr New York!


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, Cooper Press, 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.

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.

Scotiabank and AlphaPoint Wrap Up Blockchain Trial

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Blockchain technology infrastructure platform AlphaPoint has finished a successful trial with Scotiabank. The Toronto-based bank tested its internal system with a range of use cases for AlphaPoint’s Distributed Ledger Platform.

The AlphaPoint platform lets banks digitize financial instruments, creating trading venues for blockchain assets, while managing workflows integrated with the bank’s existing infrastructure. Scotiabank tested the platform for multiple months by submitting trade reports to the platform, which ran simultaneously on Microsoft’s Azure cloud and AlphaPoint hardware. The blockchain network converted FIXML messages into smart contracts in real time, establishing a single, permanent record across the network.

“Distributed ledger technology enables institutions to rethink how data flows within their organizations,” stated Joe Ventura, Founder & CEO of AlphaPoint. “Partnering with Scotiabank is an amazing experience – their team is leading the charge by proving out pragmatic, near-term implementations of this revolutionary technology.”

Bitcoin Magazine asked Igor Telyatnikov, president and COO of AlphaPoint, if there were plans to further develop this project. Telyatnikov responded that he could not comment on next steps, but, “he did however indicate that AlphaPoint is planning to reveal some additional news in the near future.”

Founded in 2013, AlphaPoint debuted its digital currency exchange platform at FinovateEurope 2015. Earlier this year, the company appointed former Deutsche Bank director, Scott Scalf, as Vice President. In October 2016, AlphaPoint unveiled StreamCore, a new solution to help banks manage and interact with blockchain data.

RSVP for FinDEVr’s International Debut

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RSVP

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Friday, March 3, 2017

Accepts with Great Pleasure

Summer: vacations, weddings, and FinDEVr. It’s early in the year, but if you’re already planning your summer vacation and confirming your wedding “plus one,” RSVP to FinDEVr London while you’re at it.

After establishing two successful events in Silicon Valley and New York, the FinDEVr conference series expands to London on June 12 & 13. With attendees registering daily and fintech & tech companies applying weekly, it’s shaping up to be an awesome international debut.

The first wave of speakers has been announced and more will be added this spring. These presenting companies were handpicked for early admittance:

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Featuring live coding, demos, videos, and slides, each will showcase new and trending enabling technology for the financial services, banking and payments industries — APIs, SDKs, cloud services, platforms, and more — this June.

Early-bird tickets — a £600 savings — expire this Friday, March 3. RSVP and save 10% with the promo code “FinDEVrBlog” today!

fdny17P.S. FinDEVr will be in New York later this month, and time is running out to get your ticket. Join an impressive audience of technologists, media, VCs, and more — register now.


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

FinDEVr Feature — Symphony Software Foundation

See Symphony Software Foundation 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 Gabriele Columbro, Symphony Software Foundation’s Executive Director:

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

Feature - Symphony 2I have been in the open source software business for about 15 years now, across Italy, Netherlands, UK and the United States. Given my early engagement with mainstream open source communities, I am an Apache Software Foundation committer, and having covered virtually every technical role (Sales Engineer, Principal Consultant, Head of Support, Product Manager) in an enterprise open source company like Alfresco, I have built a deep understanding of every persona’s perspective on technology.

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

Our Foundation’s key differentiation is definitely the open source + open standards combination we can bring to the financial services industry on a pervasive technology like the Symphony platform. With the impressive roster of Members and our Foundation features, we feel we have an unprecedented opportunity to enable traditionally siloed firms to collaborate in the open, providing a leveled playing field for larger FinServ and smaller FinTech firms to bring true innovation to the industry.Feature - Symphony 1

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

Our Foundation hosts around 50 open source projects, so it’s a hard choice. I believe the most powerful usage of the Symphony platform in the trading world is through its bots, which can perform natural language processing and bring so much needed automation in the trading front-office and most importantly back-office workflow.


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 APIntelligence

FDNY17-Logo-RevTickets for upcoming FinDEVr London and FinDEVr New York are on sale now. Register for FinDEVr New York today and save!

On FinDEVr.com

  • Barclaycard Brings Payment Functionality to Fashion Accessories.
  • NYMBUS Scores with $16 Million Investment Led by Home Credit Group.

Alumni updates

  • Arxan Technologies completes the Federal Information Processing Standard (FIPS) 140-2 validation process from the National Institute of Standards and Technology (NIST).
  • New APIs from Citi to help clients access network with existing treasury applications.
  • Report highlights Nymbus, as a key digital banking player.
  • The Co-operative Group to leverage ACI Worldwide for cloud-based mobile wallet.
  • Lleida.net wins 20-year European patent for its registered email technology.
  • Thomson Reuters enhances data analytics platform with ultra high-speed processing of real-time and historical data functionality.
  • Entersekt announces original equipment manufacturing agreement with transaction processing specialist, Global Kinetic.
  • BBVA to leverage mobile accounting opening technology from Oracle Communications.
  • 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.

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

Barclaycard Brings Payment Functionality to Fashion Accessories

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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.

FinDEVr Feature — Finicity

See Finicity 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 Nick Thomas, Finicity’s Co-Founder & EVP:

Where did you start your career and how did you gain the experience needed to run the tech side of your company?
Feature - Finicity 1Before joining Finicity, I worked for organizations of all different sizes, including Komodo, Unicity, 3Com, US Robotics and Megahertz. Overall, I have more than 20 years of experience in technology design, development and marketing. More than 15 of those years have been focused on personal financial wellness and data aggregation. I’ve spoken internationally on topics such as fintech, finance, regulatory standards, crowdfunding and mobile payments, and my views on mobile technology, pervasive computing, APIs and credit/lending decisioning have been featured in major media outlets like American Banker.

As the co-founder of Finicity and executive vice president of our data services business, I oversee a passionate and energetic team dedicated to innovating in the financial services sector.

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

At FinDEVr New York, we’ll be demonstrating our new Finicity Connect drop-in UI widget, which will enable developers of financial management, payment and lending apps to more rapidly stand up Finicity’s data insights and aggregation services. This is an exciting fintech solution because it further simplifies the experience of utilizing our rich aggregation platform. Our technology is a game-changer because it’s a great example of utilizing big data to transform industries and day-to-day living for individuals.

For example, utilizing our modern RESTful API, we can now incorporate transaction data into an existing business system, like loan origination. We’re Feature - Finicity 2digitizing the credit decisioning process, making it faster, simpler, more secure and more accurate — while also making it a better experience for lenders and consumers. It really will be transformational.

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

One of our favorite implementations of our data insights and aggregation technology will be in the credit and lending space. By utilizing the real-time data we can access through aggregation, we’re able to generate asset and income verification reports. This is a key component of the loan origination process which, to date, has basically been a “pen and paper” process.

Now, we are enabling lenders to see validated information rapidly. For consumers, they won’t have to chase down all the information, and that’s just the beginning. With real-time data, we’ll actually be able to generate a financial health picture for those that may be well suited for a loan but don’t have the credit history a lender is looking for. This is just one example of an industry that we’re transforming with our solutions. There are others we’re already helping, and I’m sure we’ll see new ones pop up in the future.


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 MacLane Wilkison, NuCypher‘s CEO & Co-Founder:

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

NuCypherI’m a software engineer at heart but started my career at Morgan Stanley where I advised technology, media, and telecommunications companies on M&A and equity/debt financings. I spent a lot of time covering internet infrastructure
during the early innings of cloud infrastructure. I also saw first-hand the security and compliance obstacles faced by large enterprises in adopting these new technologies. At NuCypher, a lot of the problems we’re solving have to do with removing these roadblocks to cloud and big data adoption.

49539015_ccd88e25187516f9682eb9319ca4a3c0-mediumFrom a technologist’s perspective, what’s unique and game-changing about your technology?

We embed access policies directly into encryption so that security follows the data wherever it goes. This allows us to deliver the full security of encryption while avoiding the typical functionality and performance tradeoffs.

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

I’m particularly excited about the use cases we’re seeing around secure and auditable cross-organizational sharing of encrypted data. With NuCypher, it’s possible to delegate and revoke access to your data to third-parties in a cryptographically secure way. We have several customers building shared industry data lakes with multiple participants contributing data — something which historically has required a trusted third party to manage.


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.