FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! 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

  • InComm Partners with WeChat Pay Parent Tencent.

Alumni updates

  • Kabbage extends $3 billion in funding to more than 100,000 small business customers.
  • PayPal extends partnership with Visa into Asia-Pacific region.
  • HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.
  • FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.
  • Twilio launches programmable fax service.
  • Citi takes API developer hub to Hong Kong.
  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

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. Early bird tickets expire soon so register today to save your spot!

On FinDEVr.com

  • First Wave of FinDEVr Silicon Valley Presenters Revealed.

The latest from FinDEVr New York 2016 presenters

  • NYMBUS Raises $12 Million in Round Led by Vensure  Enterprises.
  • Braintree, Finicity, and Twilio Take Top Honors at API World Awards.
  • Markit enhances WSO software suite to offer new levels of automation for syndicated loan market.

Alumni updates

  • National Bank of Kuwait goes live with Temenos Treasury Trader.
  • CardFlight to Power EMV Mobile Processing for BluePay.
  • Trulioo announces enhancements to the global AML watchlist capabilities of its GlobalGateway platform.
  • Chain announces new partnership with Initiative for Cryptocurrency and Contracts (IC3).
  • Fintech News Switzerland highlights Currency Cloud in a look at London’s top rising fintech stars.

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

  • BlockCypher to Developers: Your Ethereum Toolkit is Ready.
  • FICO Launches Falcon Assurance Navigator to Help Universities Monitor Federal Grant Spending.

The latest from FinDEVr New York 2016 presenters

  • Markit to provide fixed income pricing data and liquidity metrics for the European Commission.
  • Fidor Bank Opens its Doors in Dubai; Ge Drossaert Tapped as Managing Director.
  • FICO launches its Academic Engagement Program, helping business students get hands-on experience with analytic software.
  • Braintree announces new integrations with Demandware and Netsuite.
  • TokBox launches its video broadcast solution for producers.
  • Banking Technology: Goldman Sachs to use technology from Infosys to power its new digital bank, GS Bank.

Alumni updates

  • PCWorld votes Xero as its top-choice accounting software in 2016.
  • 2016 CNBC Distruptor 50 Features Kabbage and Twilio.
  • CNN features StockTwits in a list of the 10 best investing apps.
  • Business Insider features Currency Cloud in list of potential future U.K. fintech unicorns.

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:

  • OakNorth, “The First Cloud-Based Bank in the U.K.” is Powered by Mambu.
  • Mobeam Barcode Beaming Technology Gains Broader Integration with Samsung Pay.
  • Up from Down Under: VIX Verify Chooses Atlanta’s Transaction Alley for Americas Headquarters.
  • Speed of Lightning, Roar of Thunder: Blockchain Unveils Off-Chain Bitcoin Payments Network.

The latest from FinDEVr New York 2016 presenters:

  • Version 6.0 of PayPal app discontinues support for Amazon Fire, Windows, and Blackberry phones.

Alumni updates:

  • Twilio Readies for $100 Million IPO.
  • Let’s Talk Payments takes a look at the post-acquisition relationship between Envestnet and Yodlee.
  • Neyber selects Cloud Lending Solutions for loan automation.

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.

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.

Authy Focuses on Security, Allowing Developers to Focus on… Developing

AuthyDevHomepage

The question isn’t, is the password dead?, but rather, is the password enough?

Authy Two-Factor Authentication (2FA) offers a scalable secondary authentication method that provides protection beyond the basic user name plus password. Authy offers added security when building in WordPress, for SSH, and OpenVPN by offering an intuitive user experience that removes login friction while adding security.

The added layer of support protects against phishing, keylogger attacks, stolen devices, and unauthorized access, while keeping things simple for admins and end users.

Stats:

  • 11,000+ applications protected
  • 2 million+ end users served
  • Available globally
  • ~10 million customers between Authy and Twilio combined
  • Access to Twilio’s developer ecosystem of 700k

Products

AuthyX3

The company, which is owned by Twilio, offers three products:

  1. Authy OneCode sends a one-time verification code via SMS or automated voice call (illustrated far left)
  2. Authy SoftToken is an app that runs on any device and generates a one-time code (illustrated far right)
  3. Authy OneTouch allows the user to approve or deny the authentication with a yes/no response (illustrated middle)

Authy OneTouch is the easiest to use since it requires only the push of a yes button rather than entering a code.

OneTouch has a variety of use cases, including:

  • Account login
  • Large-value transaction validation
  • Multi-approval solution:
    • Escrow model (both parties need to approve)
    • Sequential approval (manager’s manager’s manager approval)
    • Primary user approval (parent approval of child’s request)

Authy OneTouch example

AuthyApproveDenyHere’s how Authy OneTouch works to authenticate a high-value money transfer:

  1. Sender enters the amount to transfer, in this case $5,300
  2. Authy sends an approval request to the sender (pictured right) as well as the recipient. The approval screen notes the institution, transaction amount, account number, and a request for the user to confirm or deny the transaction.
  3. If both parties accept, funds are transferred

For new or stolen devices, Authy offers the ability to add or replace devices to a trusted circle. This prevents fraudsters from confirming transactions using a stolen phone.

Twilio acquisition

Before it was acquired by messaging API provider Twilio in February 2015, Authy was a Twilio customer.

To preserve Authy’s product after the acquisition, Twilio incorporated Authy’s offerings into its developer portal to complement its own products. As Twilio’s founder and CEO Jeff Lawson states, “This isn’t a typical acquisition where the Authy team members will be absorbed into the borg and the product slowly forgotten. Nope. Just the opposite – we love the Authy product and are investing massively in expanding its footprint with developers of all kinds.”

The terms of the acquisition were not disclosed.

Authy’s Dan Killmer, Lead Solutions Architect, presented at FinDEVr San Francisco 2015:

 

 

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 APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than a week away!) in San Francisco.

Developer news:

  • Thomson Reuters considers how APIs are changing the fintech narrative.

The latest from upcoming FinDEVr 2015 presenters:

  • FinDEVr San Francisco 2015 Presenters All Mapped Out.
  • PayPal unveils its chip card reader in the U.S.
  • Hyperwallet counts down to next week’s FinDEVr  developer conference.
  • Munich-Based Fidor Bank Launches in the UK.
  • OnDeck partners with Association for Enterprise Opportunity to facilitate up to $10 million in small business loans.
  • Aerospike releases version 3.6 of its NoSQL operational database.
  • TechCrunch: Klarna adds American Express as a partner.
  • Emerging Payments Awards selects Hyperwallet as a finalist for the Best Corporate/Government Payments Program award for 2015.
  • Braintree and PayPal reflect on their two year anniversary.
  • CNET features Personal Capital in a look at investment in robo-advisors.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect you ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • MX Lands $4 Million from CheckFree Founder Pete Kight.

Alumni updates:

  • Xero surpasses milestone of 100,000 subscribers in the UK.

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

T. Rowe Price, Fidelity Lead $130 Million Investment in Twilio

Twilio_homepage_Aug2015

An investment of $130 million has boosted the total capital of cloud communication innovator, Twilio to more than $233 million. The Series E round was led by T. Rowe Price and Fidelity Investments, and included participation from Salesforce Ventures, Draper Fisher Jurvetson (DFJ), Arrowpoint Partners, Amazon.com, and Altimeter Capital.

Jeff Lawson, Twilio CEO, praised the way Fidelity and T. Rowe Price understood his company’s “developer-first, platform business model.” Twilio plans to use the new capital to speed up its product roadmap, particularly its Real-time Communications Suite, as well as pursue new markets internationally, and expand its presence in the enterprise.

Twilio provides developers with APIs that make it easier to add voice, messaging, and video functionality into their mobile and web apps. The company launched its Programmable Voice solution in 2008, and now gives builders access to SMS, MMS, VoIP, authentication, video, and IP messaging. Twilio will make its FinDEVr debut at FinDEVr 2015 in San Francisco this October.

Twilio_homepage_API_Aug2015

Recent headlines for Twilio include the launch of Twilio IP Messaging in May, and Twilio Video in April. In February, Twilio made its first acquisition, purchasing authentication specialist, Authy, for an undisclosed sum. Twilio counts among its customers companies as diverse as Home Depot and Uber, Box and Coca-Cola.

findevrIn May, Twilio announced a $50 million development fund. In partnership with Bessemer Venture Partners, Redpoint Ventures, and DFJ, the fund will kickstart companies that have built solutions based on Twilio’s technology. The first company to be funded was conference calling app, Speakeasy, to the tune of $5 million.

Twilio is headquartered in San Francisco, and has offices in New York, London, Estonia, Columbia, Germany, Hong Kong, and Ireland. Join them at FinDEVr 2015 San Francisco in October.