FinDEVr Preview: Trusted Key

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr London 2017, 12  & 13 June. Visit our registration page and save your spot today. 


Trusted Key
‘s
presentation will cover:

  1. Top identity management challenges now facing financial services institutions.
  2. How the combination of mobile-centered technology, strong cryptography and blockchain uniquely address those challenges.
  3. How the Trusted Key Platform allows financial institutions to deploy much more secure and reliable identity management solutions.

Why it’s a must-see

Global financial institutions face increasing challenges in a world in which identity fraud is rampant, KYC and AML regulations are becoming more complex, and millennials ONLY want to interact with their banks on their mobile devices. Trusted Key Platform addresses these challenges and more.


Check out more previews of upcoming FinDEVr London 2017 presentations. Visit our registration page to save your spot. 

3 Steps to Take During the Countdown to GDPR and PSD2

The run up to the General Data Protection Regulation (GDPR) and the second Payment Services Directive (PSD2) in Europe has created a few opportunities and multiple challenges for banks and fintechs alike. As banks scramble to understand the changes and adapt their policies, a handful of fintech companies has seized the opportunity, launching solutions to help banks comply with the new regulations. No matter if you’re a bank or a fintech, early preparation is key to success. Here are a few steps to take before the regulations hit:

Prepare your team

Communication is key to any large endeavor, and this is no exception. Take the time to brief members of your team; not only the ones whose jobs will be directly impacted by GDPR and PSD2 changes, but also those who have a less direct connection. Building a fundamental understanding of data security and an open API mindset into your company or bank’s culture can effect the passion and drive behind the adoption of new tools and innovations to comply with the new regulations.

Revamp consent disclosures

Under GDPR, companies can no longer have complicated, illegible terms and conditions. End users must be able to access these documents without difficulty and they must be presented in an easy-to-understand format. Because legal ramifications hinge on these documents, it is key to include all necessary elements to protect your company, bank, and employees.

Implement early

The earlier you implement changes, the more time you will have to adjust and adapt your policies (and re-adjust and re-adapt). You’ll be better off, as well. If you’re a fintech, get ahead of your competitors by offering a product that facilitates GDPR and PSD2 compliance. If you’re a bank, start shopping now for third-party solutions that span the scope of your needs and fit your existing model.

At FinDEVr London next month, NuCypher CEO MacLane Wilkison, along with the company’s CTO, Michael Egorov, will be leading a roundtable discussion titled Regulatory compliance and data protection in the era of GDPR and PSD2Check out the FinDEVr London website for the full agenda and information on how you can become involved in the discussion. Register today and save your spot.

FinDEVr Preview: aixigo AG

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr London 2017, 12  & 13 June. Visit our registration page and save your spot today. 


aixigo
creates a business process for monitoring and rebalancing portfolios according to its investment guidelines. The company will show, live, how to use its portfolio management REST-API to develop a typical business process. This process identifies portfolios, rebalances them and creates orders in aixigo’s order management module.

Why it’s a must-see

With aixigo’s Digital Portfolio Management solution, high performance services for complex portfolio data are possible. It’s even possible to use aixigo’s services with human speech interactions or AI interactions. aixigo releases you from the burden of monolithic legacy solutions and offers a lightweight and flexible way to solve investment business needs.


Check out more previews of upcoming FinDEVr London 2017 presentations. Visit our registration page to save your spot.

FinDEVr Preview: Harborx Ltd

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr London 2017, 12  & 13 June. Visit our registration page and save your spot today. 


Harborx Ltd
 will be presenting on the integration of traditional gaming features with FX infrastructure for the development of a flexible distributed mobile trading system via the actor pattern. The company leverages its ReactiveX API and the messaging protocol MQTT for frontend development and lightning speed price feed, respectively.

Why it’s a must-see

Harborx is a gaming-feature-rich financial trading app with crowdsourced trades and FX competitions. Through financial gamification, the use of microservice, event-based programming, ReactiveX and leveraged MQTT, the company has learned lessons that will be beneficial to everyone who strives to make fintech products attractive to consumers in today’s dynamic, fully-mobile and social environment.


Check out more previews of upcoming FinDEVr London 2017 presentations. Visit our registration page to save your spot. 

FinDEVr Preview: NuCypher

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr London 2017, 12  & 13 June. Visit our registration page and save your spot today. Hurry– ticket prices increase at midnight tomorrow!

NuCypher is a security and encryption platform for big data. Its state-of-the-art protection follows data wherever it goes. Flexible, powerful, and secure – it’s body armor for big data.

Why it’s a must-see

With the advent of big data and cloud technologies, security engineers need to consider an entirely new set of challenges. By embedding access policies directly into encryption, NuCypher’s data-centric encryption follows data wherever it goes: across platforms (Hadoop, Kafka, Spark) and between on-premises and cloud environments.


Check out more previews of upcoming FinDEVr London 2017 presentations. Visit our registration page to save your spot. Remember, ticket prices go up at midnight tomorrow so register soon!

FinDEVr Preview: TestDevLab

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr London 2017, 12  & 13 June. Visit our registration page and save your spot today. Hurry– ticket prices increase at midnight tomorrow!

TestDevLab will demonstrate a totally automated platform for Mobile Automation Security Toolset. The tool can easily identify weak parts of your business-oriented mobile application which may indicate plain text data transfers, weak data storage mechanisms, source code protection and more.
Why it’s a must-see
When project deadlines add extra pressure on the development process and application features are continuously being added, growing the scope of the application, it is difficult and time-consuming to identify and test all the important areas within the application. MASST removes the overhead of serious security assessments and provides results within minutes.

Check out more previews of upcoming FinDEVr London 2017 presentations. Visit our registration page to save your spot. Remember, ticket prices go up at midnight tomorrow so register soon!

Trulioo and the Regtech Revolution: How Smaller Teams Tackle the Compliance Challenge

Highlighting the fact that regulation is a key barrier to growth for banks, a post at the Trulioo blog earlier this month underscored how important it was for FIs to leverage technology to meet these challenges. “To help grow their role and create effective change, compliance needs to embrace the process and tools of change, innovation, and technology,” the blog authors wrote. They added, “The future of AML compliance will need to consider Robotics, Machine Learning, Data Analytics, AI, and even Business Process Management solutions.”

The authors also noted that improving the user experience for the customer can also have the benefit of improving the experience for the compliance officer, as well. Further, they pointed out that even senior executives gain from the improvements technology can bring to the compliance challenge. “With the ease of digital onboarding processes,” the authors wrote, “companies can acquire new customers faster and easier than before.” The possibility of smaller, more effective compliance teams is another advantage that cannot be overlooked. “Instead of increasing head-count, companies can invest in scalable processes that save money and allow compliance to focus on sophisticated fraud cases,” the post concludes.

Pictured: Anatoly Kvitnitsky of Trulioo during his presentation, “Trulioo’s Global Gateway,” at FinDEVr 2014 Silicon Valley.

Do the solutions to the compliance challenges faced by financial institutions lie in smaller teams and a better user experience? Join Trulioo VP of Growth Anatoly Kvitnitsky and Mike Kim, Strategic Accounts Manager as they host our FinDEVr London roundtable discussion, “AML, KYC, OMG: How to manage compliance with a smaller team and a better UX. Trulioo’s roundtable takes place on Monday, 12 June on Day One of our developer’s conference.

A specialist in online ID verification, Trulioo leverages more than 200 data sources to provide AML compliance assistance, age verification for online gambling and liquor sales, KYC and trusted entities validation for account opening and maintenance, as well as reduce transaction risk for e-commerce merchants. Named to CNBC’s fifth annual Disruptor 50 earlier this month,  Trulioo also announced a partnership with fellow Finovate alum Mitek that would add a second level of biometric authentication to the ID Document Verification feature of its GlobalGateway platform. “This new partnership with Mitek ensures our clients continue to have instant access to powerful tools for their fraud prevention and compliance systems,” Trulioo CEO Stephen Ufford said.

Don’t miss Trulioo’s lunchtime roundtable, “AML, KYC, OMG: How to manage compliance with a smaller team and a better UX” on the first day of FinDEVr London, Monday, 12 June. Visit our registration page to save your spot today.

Exclusive Interview with Trulioo’s Strategic Accounts Manager

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the strategic accounts manager of one of the presenting companies, Trulioo. You can save 20% on your FinDEVr ticket when you register with Trulioo’s promo code Trulioo20LD17.

Here’s our interview with Mike Kim, Trulioo’s Strategic Accounts Manager:


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

Kim: I started my career as a Java developer at HSBC where I was responsible for optimizing the user experience for their Payments and Global Entitlements customers. In my next career move, I was challenged with growing a valid customer base for an eCommerce business while setting up a rigorous fraud prevention system that captured and protected every cardholder. Before joining the Trulioo team, I spent a few years managing strategic partnerships at a global payments company and advised on payment fraud, security, efficiency and PCI compliance for nonprofits processing credit card and ACH payments worldwide.

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

Kim: GlobalGateway provides the widest coverage of identity verification in the world through a single API integration. Developers can access real-time electronic identity verification, identity document verification, and AML watchlist screening all through one platform. We will be announcing a new business solution on-stage at FinDEVr, so you definitely won’t want to miss our presentation.

Developers and compliance professionals can leverage our global identity verification platform to gain secure access to over 4 billion identities in over 60 countries to meet AML/KYC compliance requirements during customer on-boarding.

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

Kim: We power some of the top payment and financial services providers in the world with electronic identity verification to help them reduce compliance risk and streamline their client on-boarding experience. My favorite implementation of Trulioo’s GlobalGateway API is by a developer-focused global payments platform that processes billions of dollars a year for thousands of online businesses, from startups to Fortune 500 companies. By integrating Trulioo’s Normalized API, we have helped them expand into 33 countries in six continents.


FinDEVr London 2017 is sponsored by TestDevLab.

FinDEVr London 2017 is partnered with Aite Group, Banking TechnologyBayPay Forum, BiometricUpdate.com, Brave New CoinBreaking Banks, Byte Academy, The Canadian Trade Commissioner ServiceCelent, Cointelegraph, Colloquy, Cooper Press, DistributedEconomic Journal, Empire Startups, Femtech Leaders, Finmaps, Fintech Finance, Global DataHarrington Starr, Holland FintechLevel39, London Tech Week, Mapa ResearchMercator Advisory Group, The Paypers, Plug and Play, SecuritySolutionsWatch.com, SME Finance Forum, StartupbootcampSwiss Finance + Technology Association, and Women Who Code.

Exclusive Interview with NuCypher’s CTO, Michael Egorov

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the CTO of one of the presenting companies, NuCypher. You can save 20% on your FinDEVr ticket when you register with NuCypher’s promo code NuCypher20LD17.

Here’s our interview with Michael Egorov, NuCypher’s CTO:


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

Egorov: 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, where I worked in an area closely related to quantum computing and cryptography. I was a bronze medalist in the 2003 International Physics Olympiad and graduated from the Moscow Institute of Physics and Technology.

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

Egorov: Proxy re-encryption is an evolution in PKI that provides an elegant solution for multi-party sharing of data. While PKI is great for two-party communication, it doesn’t scale well. In contrast, PRE allows you to transform data encrypted under one set of keys into being encrypted under a second, different set of keys, without any intermediate decryption step or expensive network traffic.

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

Egorov: Our application of PRE to Kafka is particularly interesting. NuCypher enables granular, end-to-end encryption of message streams. This allows customers to scale up their Kafka infrastructure without increasing their attack surface, with the added benefit of making Kafka PCI-compliant.


FinDEVr London 2017 is sponsored by TestDevLab.

FinDEVr London 2017 is partnered with Aite Group, Banking TechnologyBayPay Forum, BiometricUpdate.com, Brave New CoinBreaking Banks, Byte Academy, The Canadian Trade Commissioner ServiceCelent, Cointelegraph, Colloquy, Cooper Press, DistributedEconomic Journal, Empire Startups, Femtech Leaders, Finmaps, Fintech Finance, Global DataHarrington Starr, Holland FintechLevel39, London Tech Week, Mapa ResearchMercator Advisory Group, The Paypers, Plug and Play, SecuritySolutionsWatch.com, SME Finance Forum, StartupbootcampSwiss Finance + Technology Association, and Women Who Code.

Exclusive Interview with Harborx’s CTO, David Sung

We have a great speaker lineup for FinDEVr London which will take place on June 12 & 13. As part of our FinDEVr Feature series, which highlights some of the speakers you will see on stage at the event, we recently interviewed the CTO of one of the presenting companies, Harborx. You can save 20% on your FinDEVr ticket when you register with Harborx’s promo code Harborx20LD17.

Here’s our interview with David Sung, Harborx’s CTO:


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

Sung: I studied Information Technology at City University of Hong Kong. In 2009, I started in iOS development, building numerous mobile applications for various industries ranging from entertainment and healthcare to insurance, banking and finance.

I bonded with co-founders of Harborx, Cyrus Wen and Wissam Sabbah, over the vision of creating a better trading experience for a wider audience, based on mobile technology and social trading. Together, we started crafting a unique mobile trading system based on our previous experience in fintech and mobile app development.

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

Sung: I believe that Harborx is made unique by the way we leverage functional and reactive programming.

We use functional programming extensively in backend and frontend development, providing traditionally complicated concurrency programming with elegant declarative style; breaking complex logical control flow by using functional composition.

Through adopting Reactive programming, i.e. ReactiveX, our frontend team can manipulate UI events and API responses, streaming data in a single consolidated framework. Our developers transform all signals from different parts of the system into UI elements presented in a mobile device.

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

Sung: If I had to pick one, it would be building our own trading engine on top of Akka Cluster. This technology takes the actor programming model to its extreme as a distributed system, providing the resilience and scalability the trading engine needs.

With Akka, we’ve been able to break the whole complex backend system into functional units which can be updated without affecting the rest of the modules, effectively minimizing system downtime.

Our team takes “Infrastructure as Code” (IaC) seriously. We have built the whole stack in the cloud using Kubernetes as the container engine. We avoid manual configuration of environments and enforce consistency by representing the desired state of their environments through code.

We have built an environment where team members can work together with a unified set of practices and tools to deliver applications and their supporting infrastructure rapidly, reliably, and at scale. This is something many development teams struggle with, and we’re happy to have found the solution.


FinDEVr London 2017 is sponsored by TestDevLab.

FinDEVr London 2017 is partnered with Aite Group, Banking TechnologyBayPay Forum, BiometricUpdate.com, Brave New CoinBreaking Banks, Byte Academy, The Canadian Trade Commissioner ServiceCelent, Cointelegraph, Colloquy, Cooper Press, DistributedEconomic Journal, Empire Startups, Femtech Leaders, Finmaps, Fintech Finance, Global DataHarrington Starr, Holland FintechLevel39, London Tech Week, Mapa ResearchMercator Advisory Group, The Paypers, Plug and Play, SecuritySolutionsWatch.com, SME Finance Forum, StartupbootcampSwiss Finance + Technology Association, and Women Who Code.