FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • Xero sees $26.4 Million investment

Alumni updates

  • Money management app, TD MySpend from TD Bank, closes in on one million users.
  • ACI Worldwide broadens its relationship with Ant Financial Services mobile payment provider, Alipay.
  • PayPal teams with Android to launch a new way to pay.
  • i-exceed earns Gartner Magic Quadrant recognition as notable vendor in Asia Pacific for mobile app development platforms.
  • Former Kabbage CTO Amala Duggirala joins Regions Bank as its new CIO.
  • FICO announces partnership with economic empowerment non-profit, Operation HOPE.
  • Forrester names Kofax a leader in ECM transactional content services.
  • OutSystems launches global partner program, connecting integrators, resellers, and consultants to its low-code development platform.

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

FinDEVr APIntelligence

FDLD17_EventLogoV3_wdate(large)With the presentation videos from FinDEVr 2017 New York now available, be sure to check out all of the great presentations and discussions from the event in our FinDEVr video archives.

And if you’ll be in the U.K. this June (0r want to be), stop by our FinDEVr 2017 London page to learn more about the companies that will be joining us as we take our developer’s conference across the pond for the first time.

Tickets are available now so register today to save your spot.

On FinDEVr.com

  • WiseBanyan Unveils New Tax Protection Tools.
  • Wells Fargo and Finicity Sign Data Aggregation Partnership

Alumni Updates

  • FICO announces partnership with economic empowerment non-profit, Operation HOPE.
  • Forrester names Kofax a leader in ECM transactional content services.
  • OutSystems launches global partner program, connecting integrators, resellers, and consultants to its low-code development platform.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.
  • Visa Checkout achieves 20 million enrolled accounts milestone.
  • Kofax launches cloud-based document capture and invoicing solution, ReadSoft Online R9.
  • OutSystems picks up SOC 2 Type 1 attestation report affirming quality of company’s internal controls and processes.
  • FICO unveils FICO Origination Manager Essentials to accelerate loan decisioning.
  • Datanami interviews MapD CEO and co-founder Todd Mostar.
  • Finland-based OP Financial Group partners with Token to develop new fintech solutions.

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

FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • InComm Partners with WeChat Pay Parent Tencent.

Alumni updates

  • Kabbage extends $3 billion in funding to more than 100,000 small business customers.
  • PayPal extends partnership with Visa into Asia-Pacific region.
  • HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.
  • FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.
  • Twilio launches programmable fax service.
  • Citi takes API developer hub to Hong Kong.
  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

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

FICO and Ethoca Team Up to Fight CNP Fraud

FICO_homepage_January2017

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.
Ethoca_homepage_January2017

“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.

FinDEVr APIntelligence

FDNY17_EventLogo_v1(wdate)Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register before Friday for New York to save!

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.

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

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • Markit Agrees to Acquire Prism Valuation.
  • Goldman Sachs Leads $44 Million Investment in Plaid.
  • Mambu Unveils FinTech Startup Program.

The latest from FinDEVr New York 2016 presenters

  • Personal Capital Brings on Former Yodlee CFO.
  • FICO acquires cybersecurity firm QuadMetrics, announces plans for “enterprise security scores.”

Alumni updates

  • Let’s Talk Payments asks if fintech startups should be able to access bank data in the wake of Plaid’s $44 million Series B.
  • MX Adds Cash Flow Feature to MoneyDesktop Platform.
  • Trulioo expands to South America as part of Canada’s Fintech Mission to Brazil.
  • Thomson Reuters named 2016 European Tax Technology Firm of the Year by International Tax Review.

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

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • BlockCypher to Developers: Your Ethereum Toolkit is Ready.
  • FICO Launches Falcon Assurance Navigator to Help Universities Monitor Federal Grant Spending.

The latest from FinDEVr New York 2016 presenters

  • Markit to provide fixed income pricing data and liquidity metrics for the European Commission.
  • Fidor Bank Opens its Doors in Dubai; Ge Drossaert Tapped as Managing Director.
  • FICO launches its Academic Engagement Program, helping business students get hands-on experience with analytic software.
  • Braintree announces new integrations with Demandware and Netsuite.
  • TokBox launches its video broadcast solution for producers.
  • Banking Technology: Goldman Sachs to use technology from Infosys to power its new digital bank, GS Bank.

Alumni updates

  • PCWorld votes Xero as its top-choice accounting software in 2016.
  • 2016 CNBC Distruptor 50 Features Kabbage and Twilio.
  • CNN features StockTwits in a list of the 10 best investing apps.
  • Business Insider features Currency Cloud in list of potential future U.K. fintech unicorns.

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

FICO Launches Falcon Assurance Navigator to Help Universities Monitor Federal Grant Spending

FICO_homepage_June2016

Stanford University has deployed Falcon Assurance Navigator from FinDEVr alum FICO to help monitor the spending of Federal grant funds and ensure policy and regulatory compliance.

“Getting grant spend and related expenses right is more than just a cost issue, it’s also about protecting the reputation of the organization,” FICO VP for product management, Doug Clare said. “If not done right, an organization risks losing federal grant money and could find itself on the front page of the newspaper for the wrong reasons.” Stanford University chief procurement officer Ben Moreno echoed this point. “We need to protect our eligibility for future grants and our ability to provide a safety net to protect the University against fraud, waste, and abuse by putting the right system in place,” he said.

FICO_stage_FinDEVrNY2016b

Pictured (left to right): FICO’s Shalini Raghavan (Senior Director, Product Management) and Tom Traughber (Vice President, Product Engineering) during their presentation, “Rapidly Deliver Contextually-Powered Stream Processing” at FinDEVr 2016 New York.

Falcon Assurance Navigator leverages text analytics, optical character recognition, outlier detection algorithms, and expert rules to give CFOs and CPOs better oversight, monitoring, and control over procurement and discretionary spending. Universities and other institutions receiving Federal grants can use the platform to identify outliers, better prepare for audits, and keep up with the growing transaction volumes that are straining manual review processes. Navigator flags noncompliant expenditures using Federal funds, giving them a higher risk score, and comes with modules for travel and expense reimbursement, procurement, purchasing cards, requisitions and orders, and invoices.

FICO was founded in 1956 and is headquartered in Silicon Valley. The company made its FinDEVr debut at FinDEVr New York 2016 with its presentation, “Rapidly Deliver Contextually-Powered Stream Processing.” Among the recent headlines for FICO include an April announcement that Capgemini would begin providing risk and fraud management technology from FICO through its North American consulting and integration services. Also in April, FICO launched Score Simulator, which shows consumers how financial decisions may potentially affect their credit score, and hired Claus Moldt as its new Chief Information Officer. FICO is a publicly-traded company on the New York Stock Exchange as “FICO.”

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com:

  • Beyond the Bitcoin BlockChain: Coinalytics is Now Skry.

The latest from FinDEVr New York 2016 presenters:

  • Capgemini consulting services adds risk and fraud management technology from FICO.
  • Aerospike releases version 3.8 of its database server.
  • Wealth Professional features Betterment in a column on roboadvisors.

Alumni updates:

  • Blockchain solution provider Gem launches Gem Health.
  • CNBC Africa interviews Entersekt CEO Schalk Nolte.

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

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com:

  • EVO and Verifone Partner to Make EMV Payments Feasible at Restaurants.
  • GreenKey Unveils New CEO and May Launch of Instant Messenger Aggregator.
  • FICO Launches Score Simulator; Adds New CIO Claus Moldt.

The latest from FinDEVr New York 2015 presenters:

  • Celent recognizes EdgeVerve Systems as one of two Model Bank Vendors for 2016.
  • Finovate Debuts: Nexmo Brings Seamless Multi-Factor Authentication to Mobile Banking Apps.
  • Hyperwallet to help expert freelancers on OnFrontiers network get paid.
  • Markit to power Thornburg Investment Management’s enterprise data management solution.
  • Beyond Bank wins Celent Model Bank award for 2016, courtesy of its customer engagement platform from Avoka.
  • PayPal Marks Rollout of PayPal Credit in the UK Expansion with Interest-Free Financing.

Alumni updates:

  • MasterCard unveils new remittance service in Bangladesh with partners, Western Union, bKash, and BRAC bank.
  • Xero and Waddle team up to combine cloud accounting with invoice financing.
  • Finovate Debuts: Envestnet “Advisor Now” Offers Robo-Tools for Wealth Management.

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