FinDEVr APIntelligence

Our first developers conference in the U.K. is just over a month away. Join us for two days of developer-focused presentations, demonstrations, and conversations at FinDEVr 2017 London, June 12 and 13. Stop by our registration page today and save your spot.

On FinDEVr.com

  • Trulioo Bolsters Regtech Solution with Mitek Partnership

Alumni updates

  • Trulioo Bolsters Regtech Solution with Mitek Partnership
  • Greenkey Technologies announces interconnection partnership with iMarket.
  • FinDEVr alum OutSystems expands to Asia with new office in Japan.
  • Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv.
  • Xero announces new partnership with Capital One to give SMEs more control over their data.

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

Online Lending Innovator SoFi Launches Robo Advisor

Less than a month after announcing its new $105 million SoFi Prime Income Fund to help raise funds to issue loans, online lending innovator SoFi is making headlines again with the launch of SoFi Wealth. The new initiative, the company’s first digital wealth management offering, will allow investors in the U.S. to invest as little as $500 (or a $100 monthly recurring deposit) in automated, low-cost, ETF portfolios. But unlike many roboadvisors, clients of SoFi Wealth will have phone and/or chat access to human financial advisors.

SoFi believes that keeping human advisors as part of the overall investment picture is a plus for investors, especially the younger professionals that are a significant part of the company’s user base. “People love the low fees and automation of robo-advisors, but they struggle with not having an actual human being to talk to when facing big financial questions,” SoFi Wealth general manager, John Gardner said. “That guidance from a live advisor can help give them the confidence they need to start planning for a lifetime of financial success.”

Pictured (left to right): SoFi Wealth Head of Strategy Stephen Sikes and Quovo CTO and co-founder Michael Del Monte during their FinDEVr 2017 New York presentation, How Quovo & SoFi Perfected Bank Authentication.

In addition to providing live human advisors, low investment minimums, and access to low-cost automated ETF-based portfolios, SoFi Wealth also charges no management fees for clients who are also SoFi loan borrowers. Others pay a modest management fee of 0.25%, with no charge on the first $10,000 invested. Clients can access their accounts online, as well as via the SoFi Wealth app. Both Android and iOS versions are available.

The company also announced that it is developing a broader range of personal finance and financial planning solutions geared toward first-time home buyers and young families. SoFi anticipates rolling out these products and services over the summer of 2017.

Founded in 2011 and headquartered in San Francisco, California, SoFi made its FinDEVr debut earlier this year at FinDEVr 2017 New York. The company, in partnership with Quovo, discussed the challenge of managing consumer financial accounts in a presentation titled, How Quovo & SoFi Perfected Bank Authentication.The presentation focused on how Quovo developed a bank authentication API for SoFi that both improved security and streamlined UX. FinDEVr attendees gave the presentation a FinDEVr Favorites awards in the Favorite FinDEVr Alum category.

A member of CNBC Disruptor 50 for 2017, SoFi has raised more than $1.8 billion in funding – making the company one of fintech’s true “unicorns” – and includes Baseline Ventures, DCM Ventures, Discovery Capital, East West Bank and Morgan Stanley among its equity and debt investors. The company, which has origins in student loan financing, has since expanded significantly to include mortgage lending, personal loans, life insurance, and wealth management among the services it provides. Mike Cagney is CEO.

The Favorites of FinDEVr 2017 New York

FinDEVr2017_AwardWinners

FinDEVr  2017 New York is in the books. Our second developers conference in New York was a great opportunity to take a look at some of the technologies that continue to drive fintech innovation forward. As always, we asked our attendees to tell us which companies and technologies were best positioned to make the greatest impact on the financial services industry in terms of providing greater security, increased efficiency, and a better user experience for consumers. Here is what our attendees had to say:

Favorite FinDEVr Debut

  • HackerOne for its bug bounty and vulnerability platform that leverages the talent of trusted hackers to improve the online security of organizations and institutions ranging from Twitter and Uber to Qualcomm  and the U.S. Department of Defense.

Favorite FinDEVr Alum

  • Quovo and SoFi for their partnership that shows how an easy-to-use authentication API provides security to accounts at more than 200+ FIs while improving and streamlining the user experience.

Day One Attendee Favorite

  • MapD for its database and visualization layer that transforms Big Data into immersive, instantaneous, and actionable analytics.

Day Two Attendee Favorite

  • Prevoty for its insight into the way embedded, runtime security enables cybersecurity professionals to provide an additional layer of defense against vulnerabilities and fraudulent behavior.

Favorite Established Company

  • BlueMetal for its virtual agents, natural language processing, and conversational UX that transforms the nature of customer engagement in financial services.

Favorite Startup Company

  • Modelshop for its analytic decision platform that enhances the loan origination, portfolio optimization, and fraud prevention processes for both FIs and consumers.

Media Favorite

  • Vantiv for its cloud-based payment app that removes the complexity from financial transactions for both developers and merchants.

Our thanks to our presenting companies, sponsors, partners, and all of you who attended our second developers conference in New York. The excitement and enthusiasm for our events only makes us that much more excited for our upcoming FinDEVr debut in London, England in June. If you’re in the U.K. and looking for more insight into the technological side of the fintech ecosystem, then FinDEVr London is the place to be June 12th and 13th. Visit our FinDEVr London 2017 page for more information.

FinDEVr Preview: Quovo & SoFi

FinDEVr PreviewsFDNY17-Logo-Rev highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

Quovo will be presenting its new Authentication API alongside its partner, SoFi. Together they will demonstrate how developers can quickly call Quovo’s Authentication API to instantly connect financial accounts to verify key account data, facilitating payments and transfers while streamlining the onboarding process.

Screen Shot 2017-03-15 at 8.26.28 AM
Why it’s a must-see:

Whether you’re looking at payments, lending, or personal finance, you can’t build a product without connecting to your users’ financial accounts. They will show you how SoFi uses Quovo’s Authentication API to quickly connect with their users’ accounts at more than 200 financial institutions!


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

FinDEVr APIntelligence

FDNY17-Logo-RevFinDEVr New York will be here in less than one week! 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

Alumni updates

  • Citi introduces new mobile passcode solution for its Treasury and Trade clients. See Citi at FinDEVr New York next week.
  • Putnam-Greene Financial Corporation to deploy core banking technology from Fiserv. Join Fiserv in New York next week for FinDEVr New York.
  • Capital One Financial Corporation appoints Amy Lenander as UK CEO.
  • Barclaycard adds free Uber ride as reward for loyal cardholders. See Barclaycard next week at FinDEVr New York.
  • OutsideIQ partners with SAP Ariba to help corporations quickly screen vendors for risk and regulatory compliance.
  • FinDEVr alum Capital One joins the chatbot revolution with its new SMS virtual assistant, Eno.
  • Currencycloud Collects $25 Million in New Funding.
  • BBVA Compass unveils BBVA Momentum, a seven-month accelerator for socially-minded entrepreneurs.
  • Kabbage nabs $500M for small business loans.
  • Fidor partners with Van Lanschot to create the first PSD2-inspired Payment Avenue.
  • MX to power digital money management tools for Travis CU.

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