FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

The latest from upcoming FinDEVr New York 2015 presenters:

  • In the U.K., PayPal Here SDK reveals first eight business partners.
  • Quartz asks, “Should Venmo Buy a Bank?”

Alumni updates:

  • MX inks multi-year data-aggregation deal with USAA.
  • NAB Asset Servicing selects Thomson Reuters as its preferred data partner.
  • HuffPost Business features SimplyTapp and Kontomatik in its list of the five most useful APIs in the financial world.
  • Mitek elects CEO James B. DeBello as Chairman of the Board.

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

FinDEVr New York Preview: Nexmo

FinDEVr2016NY_stackdateA look at the companies presenting new developer tools, platforms, and integrations at FinDEVr New York, March 29 & 30.

Nexmo’s Verify SDK enables phone verification for password replacement, 2FA, and more. Verify SDK allows fintech developers to mitigate fraud and bypass common security challenges like SIM swapping by using phone number verification and unique device identifiers to increase security, significantly decrease fraud and protect users.

NexmoHomepage

Why it’s a must-see:
Verify SDK allows fintech developers to use a simple SDK to securely verify & authenticate users to prevent SIM swap and send unlimited push verifications with subscription pricing, all with minimal design and development resources with pre-integrated verification workflows.


Check out the rest of today’s FinDEVr New York Previews:

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today and save $200 through Friday.

The latest from FinDEVr San Francisco 2015 presenters:

  • Thinking Capital to power new “Staples Business Loans” program for small businesses in Canada.
  • Markit lands three new customers for its KY3P (Know Your Third Party) platform.
  • LandedCost from Avalara Helps SMEs Navigate International Taxes, Tariffs, and Fees.
  • American Banker: OnDeck Capital Adds Former E-Trade Exec to Board.
  • Mitek Partners with Harland Clarke to Improve RDC Security.

Alumni Updates:

  • Online trading platform Investfly integrates with the Tradier brokerage API.

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

CEO Interview: Nexmo’s Tony Jamous

NexmoHomepage

Cloud communication services company, Nexmo offers a host of APIs and SDKs for voice and messaging apps, as well as phone number verification and chat capability.

At FinDEVr San Francisco 2015, Nexmo showed how its APIs and SDKs help companies such as Expedia, Zipcar, and Viber increase security, decrease fraud and protect user identity without compromising the user experience.

To dig a bit deeper, we recently chatted with the San Francisco-based company’s CEO, Tony Jamous. Prior to founding Nexmo in 2010, Jamous worked at Paymo, which was acquired by BOKU in 2009.

In his interview, Jamous spoke with us about the inspiration for Nexmo, the company’s competitive advantages, as well as its challenges.


Finovate: What was the impetus behind creating Nexmo?TonyJamous

Jamous: Nexmo was created to reduce the barriers to entry for developers to innovate with communication technologies and enable scalable and global high-quality communication infrastructure. Imagine how hard it would have been for Airbnb, one of our global customers, to individually connect to over 200 carrier networks using arcane telecommunications protocols.

Early on, we were obsessed with building networks and investing in cloud technologies to sustain the quality of network as our customers scaled their businesses. Nexmo uniquely connects our customers’ traffic as closely as physically possible to carriers to reduce message and call latency. We also measure quality feedback for every transaction and adapt how each message or voice call is being routed in real time to continually improve overall quality.


Finovate: Your solutions are used in a number of industries. What is unique about the communications and fraud problems in the financial services sector?

Jamous: The phone number has emerged in recent years as a user-friendly way to identify and authenticate real people. Our APIs, especially Verify (pictured below) and Number Insight, are designed to enable financial services players to easily embed two (or more) factor authentication, and gather data on the phone number during the transaction. These tools enable financial service providers to reduce fraud without the need to gain expertise in teleco rules and regulations.

NexmoVerify
Nexmo Verify API

Finovate: What is the most creative solution you’ve seen a financial services company build using a Nexmo API?

Jamous: Bitcoin platforms have been driving innovation in fraud prevention at a faster rate than any other segment within the fintech space, and Nexmo works with many of the leading Bitcoin companies.

To secure your Bitcoins from theft, enabling phone number two-factor authentication with the Nexmo Verify SDK or API is strongly recommended. This involves sending a one-time password (OTP) to a user over a separate communication channel (SMS or voice) than the IP channel (Internet) used by the Bitcoin exchange or wallet. Aside from sending payments, phone number verification can also be required for registration, login, resetting passwords and authenticating changes made to your Bitcoin exchange or wallet account. Bitcoin theft might be irreversible, but you can prevent it with an extra layer of protection using Nexmo’s Verify API or Verify SDK.


Finovate: What are the biggest challenges for Nexmo?

Jamous: Nexmo has reached a phase in which we need to both scale the business and improve operational efficiency, all while keeping a priority on customer-facing teams and tools. We have a long journey ahead, which will be both challenging and exciting for the team.


Nexmo will demo what’s new with its Verify SDK at FinovateEurope on February 9 & 10 in London. Tickets are selling fast; register today to secure your seat.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’retaking the fintech developer tool showcase to New York on March 29 & 30, 2016. Stay tuned for details.

Developer news:

  • TechCrunch: Rakuten Launches $100 Million Global Fund For Fintech Startups.
  • GitHub is rolling out a redesign for code repositories.
  • New Relic Now Lets Developers Dive Deeper Into Their Analytics.

The latest from FinDEVr San Francisco 2015 presenters:

  • Hyperwallet Launches Loyalty Program for Independent Workers.
  • Arxan announces Cyber Security scholarship program.
  • Avoka Introduces Digital Account Opening from Within Salesforce.
  • Kabbage to power Sage’s small business loan offering.
  • Market intelligence provider Ipreo selects Xignite to provide real-time and delayed equity prices to its Investor Relations platform, BD Corporate.
  • Nexmo announces partnership with Netherlands KLM.
  • CenturyLink adds Former US Senator Mary Landrieu to Board.
  • Banking CIO Outlook magazine features Praesidio.
  • TokBox’s new developer toolkit brings voice and video chat to Apple TV apps.
  • Thinking Capital earns Deloitte’s Technology Fast 50 Canada Awards.
  • Worldpay employees evaluating use of finger vein technology to authenticate payments at the POS without the need for a card.
  • Let’s Talk Payments interviews Hyperwallet CEO, Brent Warrington.

Alumni updates:

  • Pymnts chats with Nymi founder & CEO, Karl Martin.
  • Deccan Herald features Cloud Lending Solutions.
  • Xero piloting program to allow users to file their GST returns.
  • MasterCard announced Ed McLaughlin as new Chief Information Officer.
  • VentureBurn highlights Entersekt: SA’s fintech gem making it safe for millions to bank, shop online.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on March 29 & 30, 2016. Stay tuned for details.

Developer news:

  • Harvard Business Review: The Changing Economics of App Development.

The latest from FinDEVr San Francisco 2015 presenters:

  • Aberdeen Asset Management selects Markit to value hard to price assets for positions with limited market data.
  • Developer reviews Authy’s two-factor authentication.
  • PayPal among the companies highlighted in Inc.’s look back at Money20/20.
  • Thomson Reuters unveils its new desktop platform, grouping all its FX transaction venues into one single point of access.
  • Business Insider lists BehavioSec and Fidor, as “companies we wish were big the U.S.”
  • Silicon Slopes Podcast hosts Ryan Caldwell, MX CEO, as he discusses how to improve online banking.
  • Thomson Reuters unveils latest version of its tax technology platform, Thomson Reuters ONESOURCE.
  • Yodlee’s Ynext Unveils New Incubator Class.
  • Business Insider names, BehavioSec among the 12 hottest Nordic fintech startups.

Alumni updates:

  • Trulioo Selected as Runner-Up for Startup Canada Award for Innovation.
  • Xero reaches 600,000 subscribers in 180 countries.
  • VentureBurn features Entersekt CEO, Schalk Nolte.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr Live: Nexmo APIs Use the Cloud to Decrease Fraud, Secure Transactions, and Protect User Identity

Nexmo_homepage_FinDEVr2015

nexmo.com | nexmo.com/blog | @nexmo

Nexmo_FinDEVr2015_logoNexmo is the global cloud communications platform leader providing innovative communication APIs and SDKs for voice, text, messaging and phone verification services. Nexmo enables applications and enterprises to communicate with their customers reliably and with ease, no matter where in the world they are located. Companies such as Alibaba, Airbnb, LINE, and Viber send millions of messages per month using Nexmo APIs. Nexmo was recognized by analyst firm Gartner as a 2014 Cool Vendor in Communication Service and by Roaming Consulting Company as a Tier 1 A2P SMS Messaging Vendor in 2015.

Using the Cloud to Decrease Fraud, Transactions, and Protect User Identity
Online and mobile banking has come of age and consumers today are empowered with dozens of convenient ways to manage their finances online. However, securing transactions, protecting user identity and protecting both the financial institutions and consumers from an ever-increasing risk of fraud has not evolved. Most users do not follow the recommended practices for online security, and the fragmentation of online identities implies most of them repeat passwords across their different identities. Strong authentication in such scenarios is often cumbersome and makes for a bad end-user experience. In this session, we share how Nexmo’s APIs & SDKs can help you increase security, significantly decrease fraud and protect user identity, without compromising the end-user’s experience.

Key Takeaways

  • How phone number based identifiers coupled with phone based verifications can help businesses easily implement Strong Authentication to increase security, significantly decrease fraud and protect user identity, without compromising the end-user’s experience.
  • How you can quickly and easily integrate Nexmo’s powerful APIs into most fintech app flows.
  • How to future proof your engineering efforts by using best practices to be ready for scale from the start, regardless of the size of your user base.

IMG_0903

Presenter:

Eric Nadalin, CTO
LinkedIn | eric.nadalin@nexmo.com

Nadalin is the CTO and co-founder of Nexmo. He has managed teams in both the payments and messaging spaces for 18 years. His startup, iPIN, was acquired by Valista and integrated with major mobile operators around the globe. Nadalin holds a Bachelor’s and Master’s Degree in Computer Science.

FinDEVr Live: Nexmo APIs Use the Cloud to Decrease Fraud, Secure Transactions, and Protect User Identity

Nexmo_homepage_FinDEVr2015

nexmo.com | nexmo.com/blog | @nexmo

Nexmo_FinDEVr2015_logoNexmo is the global cloud communications platform leader providing innovative communication APIs and SDKs for voice, text, messaging and phone verification services. Nexmo enables applications and enterprises to communicate with their customers reliably and with ease, no matter where in the world they are located. Companies such as Alibaba, Airbnb, LINE, and Viber send millions of messages per month using Nexmo APIs. Nexmo was recognized by analyst firm Gartner as a 2014 Cool Vendor in Communication Service and by Roaming Consulting Company as a Tier 1 A2P SMS Messaging Vendor in 2015.

Using the Cloud to Decrease Fraud, Transactions, and Protect User Identity
Online and mobile banking has come of age and consumers today are empowered with dozens of convenient ways to manage their finances online. However, securing transactions, protecting user identity and protecting both the financial institutions and consumers from an ever-increasing risk of fraud has not evolved. Most users do not follow the recommended practices for online security, and the fragmentation of online identities implies most of them repeat passwords across their different identities. Strong authentication in such scenarios is often cumbersome and makes for a bad end-user experience. In this session, we share how Nexmo’s APIs & SDKs can help you increase security, significantly decrease fraud and protect user identity, without compromising the end-user’s experience.

Key Takeaways

  • How phone number based identifiers coupled with phone based verifications can help businesses easily implement Strong Authentication to increase security, significantly decrease fraud and protect user identity, without compromising the end-user’s experience.
  • How you can quickly and easily integrate Nexmo’s powerful APIs into most fintech app flows.
  • How to future proof your engineering efforts by using best practices to be ready for scale from the start, regardless of the size of your user base.

IMG_0903

Presenter:

Eric Nadalin, CTO
LinkedIn | eric.nadalin@nexmo.com

Nadalin is the CTO and co-founder of Nexmo. He has managed teams in both the payments and messaging spaces for 18 years. His startup, iPIN, was acquired by Valista and integrated with major mobile operators around the globe. Nadalin holds a Bachelor’s and Master’s Degree in Computer Science.

FinDEVr Preview: Nexmo

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies presenting new developer tools, platforms & integrations at the second annual FinDEVr — Oct 6 & 7.

The number of payment methods is drastically increasing – from debit and credit cards to Apple Pay, Google Wallet, PayPal, and Bitcoin. But fraud is also increasing at alarming rates. In this session with Nexmo, learn how cloud communications tools are being used to significantly decrease fraud, protect user identity, and boost overall customer experience.

Nexmo_homepage_FinDEVr2015

Why it’s a must-see:

Verifying user identity and securely protecting transactions are two vital concerns for every financial developer. A recent study from LexisNexis Risk Solutions reports that while 14% of overall transactions are mobile, they make up 21% of fraud cases. Learn how cloud comms APIs can help you increase security without compromising user experience.


Check out more of today’s FinDEVr Previews: