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

  • Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report.
  • UpGuard Brings Better Vulnerability Detection to ServiceNow.

The latest from FinDEVr New York 2016 presenters

  • Infoworld feature on AI shares insights from OutsideIQ CEO Dan Adamson.
  • Markit partners with BitSight Technologies to enhance its Know Your Third Party (KY3P) platform.
  • NYMBUS Acquires R. C. Olmstead to Enhance Core Data Processing.
  • The WSJ calls PayPal “the new face of banking.”

Alumni updates

  • MX to power Homeownership Preservation Foundation’s digital money management app.
  • Cater Allen Private Bank to implement new core banking system from Temenos.
  • Trulioo enhances address validation in Global Gateway.
  • Token Facilitates PSD2 Compliance with New Payment Network.
  • Kabbage Named a CNBC Top Disruptor.
  • Fragmob and CardFlight Announce Integrated Partnership.
  • Xero featured as one of first New & Notable Apps on Google Apps Marketplace.
  • Banking Technology reports that Temenos is nearing a core banking software deal with Iran’s Ayandeh Bank (Future Bank).

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

Praesidio Rebrands as DefenseStorm

DefenseStormHomepage

Seattle-based cybersecurity management startup Praesidio is now DefenseStorm after a rebrand reflecting the expansion of its mission (and be easier to spell).

The main purpose of the name change is to provide a launching point for product expansion. While protecting the financial services industry is still its core business, the company aims to expand to offer cloud security to enterprises across a variety industries. DefenseStorm notes it has had many companies outside the financial sector interested in the technology expressing, “if it’s good enough to meet banking regulations, it’s good enough for us, too.”

CEO Edgardo Nazario explains, “When we formed our company, we did so in the belief that it was time for a new approach to cybersecurity. Our name change and expansion beyond the financial services sector and the launch of our cloud security solution shows that true to our roots, we’re still on a path to shake up the cybersecurity industry…”

In a blog post announcing the change, Nazario states that DefenseStorm will be rolling out the new cloud security capabilities over the course of the next six months. According to GeekWire, the company is also anticipating another $2 million in funding, “from at least some of the same investors,” Nazario adds.

Last fall, the 23-person company raised $3.1 million, bringing its total funding to almost $5 million. In November of last year, DefenseStorm was one of 10 companies to receive the Banking CIO Outlook Award for providing cost-effective and flexible cloud solutions.

Founded in 2014, DefenseStorm CTO & co-founder Sean Cassidy took the stage at FinDEVr New York 2016 in a presentation titled, Role Based Behavior Analytics – Patterns and Anomalies in User Behavior as Indicators of Attack. In it, Cassidy explained how DefenseStorm’s anomaly detection works for banks.

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:

  • Envestnet | Yodlee Unveils its Risk Insight API.
  • Google’s Guide: New Book Explains How Google Manages its Cloud Infrastructure.

The latest from FinDEVr New York 2015 presenters:

  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Chase launches OnDeck-powered SMB Loan platform.
  • Praesidio ranks Top 10 Most Promising Cloud Banking Solution Providers of 2015.
  • API report covers Streamdata.io.
  • CryptoCoinNews takes a look at the recent funding for blockchain development platform, Stratumn.

Alumni updates:

  • CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market.
  • PayNearMe facilitates users to pay for their taxes in cash.
  • BehavioSec, Nationwide, Unisys Team Up on Biometrics.
  • Crowdfund Insider interviews Cloud Lending CEO  Snehal Fulzele.

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

FinDEVr APIntelligence

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

Developer news:

The latest from upcoming FinDEVr New York 2015 presenters:

  • PayStand to Power New Online Payments Service from ONE UP.
  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace.

Alumni updates:

  • PYMNTS reports: Worldpay transactions up 14% post-IPO.
  • Mitek launches Mobile Deposit in the U.K. with other countries to follow.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Xero extends partnership with MidPoint to make cross-border procurement easier.
  • Personal Capital Exceeds $2 Billion AUM.

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

FinDEVr New York Preview: Praesidio

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

It is easy for attackers to beat traditional security measures because those methods are akin to blacklisting known bad behavior. Attackers need only to modify their behavior slightly to avoid the blacklist. Praesidio uses anomaly detection to model normal user behavior and alerts when attackers deviate from deviate.

PraesidioHomepage

Why it’s a must-see:
Anomaly detection is something everyone is talking about, but that very few are doing. It’s a complex subject, but one that should be part of any organization’s overall threat detection strategy. Learn what anomaly detection is, how it works, and how to apply it to your network.


Check out the rest of today’s FinDEVr Previews:

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 developers 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:

  • The Next Web: How to Design with Developers.

The latest from FinDEVr San Francisco 2015 presenters:

  • Think Big Data mentions Praesidio as a startup using machine learning in its cyber security solution.
  • Xignite Surpasses 50 Billion API Calls in a Single Month.
  • VentureBeat: Twilio rolls out new feature set designed to help developers build messaging apps using its platform.
  • Arxan Technologies extends its app security protection to Apple TV.
  • Digital Asset Holdings Acquires Blockchain-as-a-Service Innovator, Blockstack.io.
  • Security solutions from Arxan Technologies now running on more than 500 million devices.

Alumni updates:

  • Tradier teams up with Equities Lab to bring real-world trading experience to college students.
  • Google appoints Entersekt CTO Christiaan Brand as product manager for security and identity teams.
  • Pymnts looks at how SimplyTapp is addressing host card emulation.
  • Visa Inc. to Acquire Visa Europe.
  • Fierce Finance IT features BehavioSec.
  • Avoka partners with Trulioo to provide digital identification authentication to international banks.

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

FinDEVr Newcomer Praesidio Rakes in $3 Million Investment

Praesidio_homepage_Oct2015

If you were a cybersecurity startup making your first appearance at a FinDEVr event, what would you bring to your debut?

How about more than $3 million in new funding?

Seattle-based Praesidio now has total capital of more than $5 million courtesy of a new investment of $3.1 million led by Praesidio Chairman Jeff Lunsford and Vice Chairman Harold Brewer. Also participating in the round were Citizens National Bank, Live Oak Bank, and Washington Trust, which are customers of Praesidio as well as investors.

IMG_1049

Pictured: Praesidio Chief Technology Officer Sean Cassidy presenting at FinDEVr 2015 in San Francisco.

Praesidio’s solution provides banks, credit unions, and other financial institutions with the ability to turn security-related Big Data into actionable intelligence. The technology uses machine learning to aggregate  information from all of the institution’s security tools into a single, real-time management and reporting platform. This helps bridge the gap between IT and management, giving decision-makers the ability to clearly monitor and respond to potential security events wherever they appear on the network.

Talking about the company’s technology, Live Oak Bank president Neil Underwood said that deployment of Praesidio’s platform turned his bank’s security response from “reactive to proactive.” The deployment saved the bank “tens of thousands in hard expenditures instantly – and averting fraud that could have had massive systemic and enterprise impact, with losses in the millions,” Underwood said.

Founded in May 2014 by CEO Edgardo Nazario, Praesidio made its FinDEVr debut last week in San Francisco. The company has 21 employees.

FinDEVr Live: Praesidio and the Importance of Collecting Logs

PraesidioHomepage

praesidio.com | praesidio.com/blog | @praesidioinc

PraesidioLogoPraesidio is a cloud-based cybersecurity company that was formed by bankers and security experts to solve the critical, real-world problems of breach detection, remediation, and governance insight that Financial Institutions (FI) are grappling with today. Praesidio bridges the gap between governance and IT by linking your cybersecurity policies with the millions of system events where threats hide. It aggregates data across all cybersecurity tools to provide real-time management reporting that proves to your security team, board, auditors and regulators to ensure that your FI is actively managing and enforcing its policies.

log.error(“impossible”)

“If you’re not collecting your logs, you’re not secure. Just like testing, centralized log management should be an essential part of modern software development. If you collect your application’s logs you can debug faster, find problems missed by tests, monitor your systems, and find security problems. And you just might discover that the impossible happens all the time.”

Key takeaways

  • Centralized log management is essential.
  • You can’t know what is happening in your application if you are not monitoring log data.
  • Security is a must-have and you must have logging in order to have security; therefore, logging is a must-have.

IMG_1049

Presenter:

Sean Cassidy, CTO
@sean_a_cassidy | sean@praesidio.com
Cassidy is an engineer and leader who builds the right products the right way. At Limelight Networks, he built their video transcoding system and worked on Cisco’s ASA firewall. Sean holds a master’s degree from RIT in computer engineering and is the author of numerous open source projects.

FinDEVr Live: Praesidio and the Importance of Collecting Logs

PraesidioHomepage

praesidio.com | praesidio.com/blog | @praesidioinc

PraesidioLogoPraesidio is a cloud-based cybersecurity company that was formed by bankers and security experts to solve the critical, real-world problems of breach detection, remediation, and governance insight that Financial Institutions (FI) are grappling with today. Praesidio bridges the gap between governance and IT by linking your cybersecurity policies with the millions of system events where threats hide. It aggregates data across all cybersecurity tools to provide real-time management reporting that proves to your security team, board, auditors and regulators to ensure that your FI is actively managing and enforcing its policies.

log.error(“impossible”)

“If you’re not collecting your logs, you’re not secure. Just like testing, centralized log management should be an essential part of modern software development. If you collect your application’s logs you can debug faster, find problems missed by tests, monitor your systems, and find security problems. And you just might discover that the impossible happens all the time.”

Key takeaways

  • Centralized log management is essential.
  • You can’t know what is happening in your application if you are not monitoring log data.
  • Security is a must-have and you must have logging in order to have security; therefore, logging is a must-have.

IMG_1049

Presenter:

Sean Cassidy, CTO
@sean_a_cassidy | sean@praesidio.com
Cassidy is an engineer and leader who builds the right products the right way. At Limelight Networks, he built their video transcoding system and worked on Cisco’s ASA firewall. Sean holds a master’s degree from RIT in computer engineering and is the author of numerous open source projects.