FinDEVr APIntelligence

FDNY17-Logo-RevFinDEVr New York will be here in just two short weeks! Check out company features and take a look at the previews from upcoming presentations. And of course, don’t forget to register today to save!

On FinDEVr.com

  • Envestnet | Yodlee Launches Suite of Risk Reporting Tools.
  • PwC Brings Blockchain PoC to London’s Specialty Insurers
  • Shwayhat Steps Up: GreenKey Technologies Announces New CEO
  • Scotiabank and AlphaPoint Wrap Up Blockchain Trial
  • Check out these previews from upcoming FinDEVr New York presentations:

Alumni updates

  • BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app.
  • OutsideIQ teams up with Genpact to bring better risk management, KYC, and AML compliance solutions to banks.
  • Bluefin Payment Systems joins forces with The Pinnacle Corporation, bringing point-to-point encryption (P2PE to the latter’s Palm POS platform.
  • Top 10 global bank deploys mobile capture technology from Kofax.
  • IBM forges strategic partnership with Salesforce, connecting AI platforms IBM Watson and Salesforce Einstein.
  • Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards.
  • Kontomatik nominated at the Dutch FinTech Awards 2017.
  • Mambu goes live in the Americas with new offices in Miami and new regional managing director.
  • PayPal partners with Oro ecommerce platform.
  • UK food retailer, The Co-operative Group chooses ACI Worldwide to run wallet service.
  • Palestine’s The National Bank deploys core banking technology from Temenos.
  • Dallas News founder features Bruce Parker, founder and CEO of ModoPayments.

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

PwC Brings Blockchain PoC to London’s Specialty Insurers

PwC_homepage_March2017

A team of 25 engineers from FinDEVr veteran PwC have completed a blockchain prototype designed to improve efficiency within London’s speciality insurance market. The Belfast, Ireland-based effort took six weeks and sought to show how the blockchain could help better manage interactions between claims process participants including brokers, claims approvers, and third party administrators.

“This proof of concept demonstrates the potential for efficiency and the elimination of error and duplicated information,” Steve Webb, financial services blockchain leader at PwC said. “It shows how blockchain can reduce costs and speed up the claims process in the London Market, allowing experts to focus on more value-add complex claims.”

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Pictured (left to right): Daragh Morrissey, Strategist, Microsoft, and Grainne McNamara, Principal, PwC Capital Markets, during their FinDEVr Silicon Valley presentation, “Blockchain Proof of Value in Trade Finance.”

Developed for the London Market Target Operating Model (TOM) Innovation Exchange, the trial featured smart contracts that automatically approved claims that met pre-set conditions, lowering costs and increasing speed of processing. Claim and invoice creation, and the approval and rejection of invoices were among the automated processes made more efficient by the introduction of blockchain technology.

Founded in 1849 and headquartered in New York City, PwC is known as one of the “Big Four” auditing firms (along with FinovateEurope 2017 sponsor KPMG, Deloitte Touche Tohmatsu, and Ernst & Young). But as the company demonstrated in its appearance at our developer’s conference, FinDEVr last fall, PwC has made major commitments to fintech innovation in general and blockchain in specific. The company’s new U.S. Fintech director, Geraldine Balaj told CoinDesk in August “service providers, asset managers, financial institutions, and clearing firms” were all working on distributed ledger-oriented projects with PwC. In October, during its FinDEVr Silicon Valley presentation, Grainne McNamara, Principal on PwC’s Capital Markets team and Daragh Morrissey, a Strategist with Microsoft, discussed how blockchain technology can improve business processes in trade finance.

Categories: PwC

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

FDNY17_EventLogo_v1(wdate)FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

  • Calling All Development Teams – Last Chance to Speak at FinDEVr NY.

The latest from FinDEVr Silicon Valley presenters

  • Finovate Debuts: AutoGravity Unveils the Future of Auto Financing.
  • Hyperwallet announces new office in London.
  • PwC and Supply Chain Finance Community launch SCF Barometer to better understand the development of supply chain finance industries.

Alumni updates

  • Bluefin Payment Systems wins patents for a pair of decryption-as-a-service technology.
  • Finance Disrupted interviews Xignite CEO and founder, Stephane Dubois.
  • Pakistan’s Samba Bank to deploy new core banking technology from Temenos.
  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • Mitek partners with the American Cancer Society, supporting mobile fundraising with its mobile deposit and MiSnap technology.

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

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today to save your spot!

On FinDEVr.com:

The latest from FinDEVr New York and upcoming Silicon Valley presenters

  • Fidor Bank teams up with Abu Dhabi Islamic Bank to launch first community based digital bank in the region.
  • PayPal promotes Braintree’s William Ready to chief operating officer.
  • PYMNTS.com talks with Hyperwallet VP Tomas Likar about the challenge of payments in the on-demand workforce.
  • IBM announces $200 million investment in its Watson IoT business in Munich. See IBM at FinDEVr Silicon Valley, October 18 & 19.

Alumni updates

  • Bank of Ireland to deploy UniversalSuite core banking solution from Temenos.
  • Xero Announces Improved Integration with PayPal.
  • Bluefin Announces Issuance of Patent on Decryption as a Service.
  • Kristina Campbell joins PayNearMe as Chief Financial Officer.
  • Xero teams up with Barclays to improve access to transaction data for U.K. businesses.

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

FinDEVr Preview: PwC

FinDEVrSV16-LogoBadge copyFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Tickets are on sale now. So visit our registration page and save your spot today.

Improving the business process of trade finance operations to digitize the movement of services, goods, and capital could represent a paradigm shift to market participants. Using Standby Letter of Credit as an example, PwC will present the potential of blockchain to positively transform the business process where current challenges exist.

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Why it’s a must-see

The SBLC use case provides the foundational framework to scale toward more complex Trade Finance use cases and instruments. The ability to address challenges in current manual processes allows for increased operational efficiencies, improved analytics, more reliable information and data, and enhanced balance sheet management.


Check out more of today’s FinDEVr Previews: