FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York earlier this year. 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

  • FinDEVr Veteran OutsideIQ Acquired by Exiger

Alumni updates

  • Plaid and Dwolla partner to provide fully-tokenized ACH payment integration.
  • Xero features its partnership with Equifax.
  • London Metal Exchange locates LMEselect Platform at Interxion’s Data Center
  • Envestnet unveils expanded data analytics portfolio for wealth management.
  • FinDEVr Alum Quovo Raises $10 Million
  • Prival Bank of Panama to deploy Temenos’ core banking solution, T24.
  • Trulioo adds new Canadian data sources to its GlobalGateway verification technology.
  • Jay Shah promoted to CEO of Personal Capital
  • Xero awarded the Best Overall Fintech Platform by the Fintech Breakthrough Awards.

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.

Goldman Sachs Leads $44 Million Investment in Plaid

Plaid_homepage_June2016

In a round led by Goldman Sachs Investment Partners, Plaid Technologies has raised $44 million in new investment. Plaid co-founder and CEO Zach Perret, whose company was part of the inaugural FinDEVr developers conference in 2014, said that the new capital would help Plaid scale its operations. “The pace of innovation in financial services is just starting to ramp up, and we’re excited to collaborate with financial institutions, incumbents, and new startups to build the tools that consumers and businesses need to live better financial lives,” Perret said.

Also participating in the Series B were existing investors, Box Group, GV, New Enterprise Associates, and Spark Capital. The funding takes Plaid’s total to more than $59 million.

Plaid_stage_FinDEVr2014b

Pictured: Plaid CEO and co-founder Zach Perret during his presentation, “Plaid: API for Financial Infrastructure” at FinDEVr San Francisco 2014.

Writing on the Plaid Team blog, Perret and fellow co-founder William Hockey reflected their company’s journey to this point, beginning with Zach and William’s efforts to develop a consumer personal finance app years ago. “We spent nearly a year wrestling with every financial dataset available, but ultimately found that any product we created would be forever limited by a lack of basic developer infrastructure,” the pair wrote. “APIs weren’t even an afterthought. So that’s what we built.”

Founded in 2012 and headquartered in San Francisco, Plaid specializes in building APIs that help fintech developers extract account information and high-context data from transactions. And with Intuit Developer Group’s decision to discontinue its Financial Services APIs in March, Plaid is one of the few, remaining major firms in the U.S. that provides financial account aggregation services (others are Finovate alums, Finicity and Envestnet | Yodlee).  In addition to its aggregate bank data and ACH account authentication solutions, Plaid provides a suite of products (Connect, Auth, Info, Balance, and Risk) that have collectively analyzed more than six billion transactions. The company includes fintech innovators (and Finovate alums) like Betterment, Coinbase, TransferWise, Venmo, and Wealthfront among its partners.

Last month, Plaid earned “Cool Vendor” status from Gartner, which praised the company’s APIs and developer-friendly platform. Also in May, TechCrunch featured Plaid along with fellow FinDEVr alum, Twilio, in a column on “the rise of APIs”.


Do you help put the “tech” in fintech? Join us this fall for FinDEVr Silicon Valley 2016, October 18 & 19. Our two-day developers conference features the latest APIs, platforms, and tools developers are using to build the future of fintech today.

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.

Developer news:

  • Magic Leap to give 10 Twilio devs early access to its SDK.

On FinDEVr.com:

  • Fintech Developers, Lock in Presale Savings for FinDEVr Silicon Valley.

The latest from FinDEVr New York 2016 presenters:

  • OnDeck adds to credit offerings available to Canadian small businesses.
  • Markit unveils compliance solution to help meet new FRTB, market risk capital requirements.

Alumni updates:

  • Trulioo’s GlobalGateway Available in BRIC Countries.
  • Kabbage Reaches $2 Billion in Loans in 5 Years.
  • TechCrunch column on APIs features Plaid, and Twilio.
  • CardFlight Adds Global Payments as EMV Processor.
  • New Investment for Personal Capital Takes Valuation to $500 Million.

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:

  • What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner.
  • Chain Launches Open Source Blockchain Protocol.

The latest from FinDEVr New York 2016 presenters:

  • PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year.
  • Infosys Finacle teams up with Samsung SDS to give mobile banking customers better authentication technology.
  • A look at APIs in the robo-advisor industry by Bank Innovation underscores the role played by Xignite.
  • PYMNTS interviews Hyperwallet CEO Brent Warrington.

Alumni updates:

  • Bluefin Payment Systems integrates Visa Data Secure Platform into its portfolio.
  • Xero for Payroll goes live in Pennsylvania, making the technology available in a total of 22 states.

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

What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner

plaid_homepage_May2016

When it comes to “Cool Vendors in Consumer Services” for 2016, it turns out that Plaid is one of Gartner Research’s favorite patterns. Gartner named the San Francisco-based financial infrastructure company a “Cool Vendor” for consumers services in its 2016 report.

Writing in the report, Gartner research director Rajesh Kandaswamy noted: “Plaid’s API approach is a start for being able to use … data for new and better services.” For Kandaswamy the fact that bank data typically remains locked with the owning bank combined with contemporary privacy and security worries is a challenge for those looking to maximize this data. Plaid’s “developer-friendly” platform solves this by making bank data “more useful and usable” in the words of Plaid marketing director, Chelsea Allison, “to benefit banks, developers, and consumers themselves.”

Plaid_stage_FinDEVrSF2014

Pictured: Plaid CEO and co-founder Zack Perret during his demonstration “Plaid: API for Financial Infrastructure” at FinDEVr 2014 in San Francisco.

“We’re especially proud to be selected for Gartner’s consumer-focused report,” Allison added, “because it underscores the impact of our platform has for consumers across the broader ecosystem.”

Plaid’s technology makes it easier for developers to build apps that connect with financial institutions. The company’s two signature products are Auth, which enables instant bank account authentication for the top 14 banks, and Connect, which provides transactional data on bank or credit card accounts for more than 18,000 banks and credit unions in the U.S and Canada. Developers can integrate the Plaid API via a Plaid’s drop-in module, Plaid Link.

Plaid announced a partnership with Stripe in January and, last December, the company was named to Forbes magazine’s first Fintech 50 (along with 19 of its fellow Finovate/FinDEVr alums).  Founded in 2012 by William Hockey and Zack Perret, Plaid includes Box Capital, Felicia Ventures, Google Ventures, Homebrew Capital, NEA, and Spark Capital among its investors.

Plaid demonstrated its technology during its presentation “Plaid: API for Financial Infrastructure” at the inaugural FinDEVr 2014 developers conference in San Francisco. Learn more about our upcoming FinDEVr conference in Silicon Valley in October.

The FinDEVr APIntelligence

Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, Oct 6-7 in San Francisco. 

FinDEVr2015-SF-Logo-Stackedwdate

The latest from FinDEVr 2015 presenters:

  • Pinterest turns to  Braintree to power PayPal payment option for browsing consumers.
  • FinDEVr 2015: First Round of Presenting Companies Revealed.
  • Backbase set to launch its first hackathon 19 and 20 of June.
  • Spreedly now supports third party tokens to help merchants continue to process transactions using their existing gateway-specific tokens from within Spreedly.
  • Thinking Capital  announces new name, visual identity and tagline.
  • SandHill mentions  SnoopWall as 1 of 5 Cool Pre-VC Cybersecurity Startups.
  • Avalara  acquires Belgium-based VAT Applications.
  • UPS Capital Partners integrates with Kabbage to offer more SMBs access to a loan through UPS.

Alumni updates:

  • Xero  developing business apps that Apple is using to help market the iPad’s use in business.
  • Tech.co looks at how Trulioo’s API defends startups against credit card fraud.
  • Xero  reaches 500,000 customers for its cloud accounting service, sets sights on 1 million customer milestone.
  • Verizon Ventures welcomes  SimplyTapp to its portfolio of investments.
  • Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma have all integrated Visa Checkout into their apps.
  • NerdWallet turns to  Trulioo CEO Stepehn Ufford CEO offers 5 steps to protect against cyberthreats.

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

FinDEVr 2014: Plaid Demonstrates How its API Works with the Financial Infrastructure

This post is part of our live coverage of FinDEVr San Francisco 2014.
PlaidLogo

Plaid showed how its API works for the infrastructure:

 
Plaid: API for Financial Infrastructure
Learn all about Plaid, the problems we’re solving, and the companies we power.
Presenter: William Hockey and Zach Perret
PlaidHomepage
About
Plaid powers financial technology applications. Using our API, developers can leverage the data and infrastructure of user bank accounts in a fast and secure manner.
Website: plaid.com

FinDEVr Preview: Who’s Who on Day Two

FinDEVrLogo

There will be a lot going on over the course of the two day FinDEVr conference in San Francisco next Tuesday and Wednesday. You can still pick up your ticket here.

Each of the companies below will have 6 minutes on stage to show off what their tools are all about:


PaystandLogo

PayStand, an online payment solution that offers zero transaction fees

Presentation: Comparing the Strengths and Weaknesses of Different Payment Types
Card Networks (Visa/MasterCard/Amex), eCheck (ACH/Bank Network/Check21), and Digital Currency (Bitcoin/Ripple/Altcoins) all have unique advantages and disadvantages. Explore the different use cases of why each are valuable and learn how to use PayStand’s unique multi-payment network technology to build the next generation of commerce applications.
Why it’s great for developers:
 
    • Payments as a service
    • Enables merchants to accept eCash, eCheck, and credit card payments
    • Allows for no transaction fees
PayStand is an online payment solution that enables organizations to accept credit cards, eChecks, and digital currency without transaction fees.

PlaidLogo

Plaid, an API that powers fintech applications

Presentation: Plaid: API for Financial Infrastructure
Learn all about Plaid, the problems we’re solving, and the companies we power.
Why it’s great for developers: 
    • Access detailed account and transaction data from financial institutions
    • Authorize accounts for ACH and Wire transfers in seconds
    • Verify account holder information

Plaid is an API for financial infrastructure – we give developers the tools they need to build applications that interface with banks.


PrudenaLogo

Prudena is a subscription-based online community that provides value analysis to developers.

Presentation: Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.

Why it’s great for developers: 

    • Allows you to reduce the time required to perform financial statement analysis
    • Better understand risk by running simulations
    • Aggregate your investments accounts
Prudena automates the process of performing high-quality financial statement analysis–saving investors time and improving their decision-making processes.


securekeyLogo

SecureKey Technologies delivers authentication solutions for online consumer services

Presentation: Moving Away from Passwords: The Future of Digital Identity
We are first exploring some of the traditional ways to secure online access. We will then look at a more innovative approach via device anchoring and dynamic authentication that will show the audience how to strongly and uniquely identify customers with a unified solution across devices.
Why it’s great for developers: 

    • Every authentication event provides unique proof of their customer’s identity
    • Simple access with a better, more secure user experience
    • Eliminates password frustration
briidge.net Connect can provide users with the opportunity to use simpler methods that are actually far stronger than passwords and better secured.

SekurMeLogo

Sekur.me eliminates passwords by turning your phone into your digital identity. 

Presentation: Want to be secure? Eliminate passwords!
If you don’t have a password, it cannot be stolen. See a live demo of a patented disruptive technology taking security to the next level, while making login safer and simpler. And see how it can be used to secure payments and reduce shopping cart abandonment for eCommerce and mCommerce.
Why it’s great for developers: 

    • Eliminate passwords
    • Single-Click payments
    • Checkout and pay in 9 seconds
If you don’t have a password, it cannot be stolen.

SimplyTappLogo

SimplyTapp provides host card emulation

Presentation: Host Card Emulation
Overview of SimplyTapp’s HCE solution and offering.
Why it’s great for developers: 

Host Card Emulation (HCE) is the presentation of a virtual and exact representation of a card using only software.

TagCashLogo

Tagcash, a digital payments and rewards company

Presentation: TAGCASH
The importance and benefits of a platform for both users and merchants that makes use of these key features: digital wallet usage, merchant payments integration, remittance capabilities, and built-in rewards program (which includes marketing modules and advertising).
Why it’s great for developers: 

    • Digital Wallet Usage (including Remittance)
    • Rewards Program
    • Practical Advertising
Cash, Rewards, and Advertising can all be found on a single (yet multi-featured) and safe /secure platform.

TxPUSHlogo

The TxPUSH Initiative makes real time account events available to third party apps.

Presentation: Aggregation 2.0 – TxPUSH and the Evented Financial Web
TxPUSH technology is focused on aligning app user experience and FinTech industry players around the Evented Financial Web. The TxPUSH technology will improve the security model of the existing account aggregation ecosystem and promote the delivery of real-time financial transaction data to account holders in the apps they choose.
Why it’s great for developers: 

    • Eliminate third party interactions with user credentials
    • Push real time transactions to your app
    • See the launch of TxPUSH and the Evented Financial Web
TxPUSH and the Evented Financial Web deliver the framework to build secure, event driven, real-time apps for the Evented Financial Web ecosystem.

ThinknumLogo

Thinknum provides technology for financial analysts to host their financial data in the cloud.

Presentation: Thinknum: A Powerful Web Platform for Financial Analysis
Learn about Thinknum, the web platform that is changing the way that financial analysts work. Find out more about our unique data and technology that enhances the financial research process.
Why it’s great for developers: 

    • Utilize unique web data to value companies
    • Leverage web technology to enhance the research process
    • Manage user generated content
Thinknum is changing the way that financial analysts work, enabling them to manage their own content while enhancing their research processes.

TruliooLogo

Trulioo a cyber identification company.

Presentation: Trulioo’s Global Gateway
Demonstrating how Trulioo’s Global Gateway verifies a consumer’s identity within a single, unique portal. We will input a person’s first name, last name, date of birth and address to show how Trulioo verifies these attributes from our 130+ data sources.
Why it’s great for developers: 

    • Anti-Money Laundering and Know Your Customer compliant electronic ID Verification
    • Instant global address verification for ecommerce and P2P
    • Access over 3B identities
Global Gateway is the leading identity verification solution with the largest coverage in the market.