Arxan Joins Two Firms to Form New Company

Arxan Joins Two Firms to Form New Company

Application security company Arxan Technologies announced yesterday that it has joined forces with two other industry firms, CollabNet VersionOne and XebiaLabs, to form a new entity, Digital.ai. Financial terms were not disclosed.

The three businesses will combine their expertise– business agility, software delivery, and application security– into a single platform. Overall, Digital.ai seeks to aid companies pursuing digital transformation to deliver digital experiences that customers trust.

“Digital.ai enables enterprises to focus on business outcomes instead of outputs, unifying value creation, delivery, and protection practices to drive efficiencies and create engaging, secure digital experiences that customers value and trust,” said Digital.ai CEO Ashok Reddy. “Now more than ever, it is critical that organizations leverage the power of business agility to optimize processes and make decisions rooted in customer centricity. Doing so will result in higher quality, more secure products that are delivered faster and drive stronger customer and employee engagement.”

Arxan’s approach to security is to protect apps “from the inside out.” The company protects the app’s binary code, JavaScript, and cryptographic keys to guard common entry points from fraudster attacks.

Digital.ai serves companies across multiple sectors including automotive, finance, digital media, gaming, insurance, medical devices, and more. The company’s customers include ABN AMRO Bank, KeyBank, KLM/Air France, Siemens, and Toyota.

Today’s news comes almost 20 years after Arxan’s launch. The San Francisco-based company was founded in 2001 by Hoi Chang and Mikhail Atallah. Since then, Joe Sander has taken the role as CEO.

Finovate Alumni News

On Finovate.com

  • Daon Inks Deal with South Africa’s Capitec Bank.
  • Lighter Capital Launches Capital Client Perks Program.

Around the web

  • Ping Identity integrates its multi-factor authentication solution, PingID, with Microsoft Azure Active Directory.
  • MoneyTap, DLT-based payment app developed by SBI and Ripple goes live in Japan.
  • OutSystems appoints Tim MacCarrick as new Chief Financial Officer.
  • Baltic International Bank finishes upgrade of its private, corporate, and retail banking offerings courtesy of a partnership with Temenos.
  • Sberbank customers can now add “cash postcards” – automated images with sound – to their money transfers.
  • CNBC features Plaid: the startup you’ve never heard of.
  • Arxan begins a month-long initiative to raise awareness for improved application security and threat intelligence.
  • RightCapital launches white-labeled, native mobile app.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • KPMG Acquires Minority Stake in Alternative Credit Scoring Specialist, AdviceRobo.
  • Thinking Capital, National Bank Expand Funding Options for Canada’s SMEs.

Around the web

  • Australia’s business bank Tyro to offer flexible same-day settlement and payroll integration courtesy of a partnership with Xero.
  • Spreedly unveils latest version of its Account Updater solution.
  • Dwolla discontinues its last branded solution Transfer; pivots to focus on Dwolla Platform, the company’s white-label API.
  • Klarna to acquire Close Brothers Retail Finance (CBRF).
  • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.
  • WorkFusion launches Partner Portal to support rise in AI-driven automation engagements.
  • Solna launches its intelligent invoicing tool powered by credit score data.
  • Personal Capital Promotes Craig Birk to Chief Investment Officer.
  • Moody’s Analytics partners with Cortera on a small business solution.
  • Arxan launches advanced protection for client-side eeb apps.
  • Checkbook celebrates topping two million user milestone.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Hydrogen, TD Bank Partnership Drives DIY Financial Planning.

Around the web

  • Hackney London Borough Council leverages technology from OutSystems to enhance its digital services.
  • NCR inks partnerships with a trio of credit unions: Parsons FCU of California, Educators Credit Union of Texas, and AERO FCU of Arizona.
  • Anorak to provide life insurance advice to users of money management app, Yolt.
  • SaleMove wins top honors at Orion Advisor Services’ Ascent/FUSE 2018 conference. See SaleMove at FinovateFall in New York September 24-26.
  • Varo Money to deploy Temenos’ T24  core banking platform.
  • Digital lending platform Roostify announces its app is now available on the Salesforce AppExchange.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Xero Buys Paperless Accounting Firm Hubdoc
  • NestReady Collaborates with Alterna Savings on Home Buying Solution.
  • PayActiv Partners with ADP Marketplace.
  • IdentityMind Global to Help ZED Network MTOs Meet KYC, AML Compliance.

Around the web

  • ProfitStars to automate commercial lending for Ion Bank.
  • Fenergo earns Top Performer status in the Overall Rankings of the RegTech 2018 Report.
  • One World Identity highlights Averon as a Company to Watch in its annual report on innovations in identity and authentication. See Averon at FinovateFall 2018 in September.
  • Arxan experiences double-digit revenue growth, expands global reach.
  • Flashtalking and Neustar partner to fill the void created by the removal of DoubleClick ID.
  • Insight on Business interviews Dwolla’s Stephanie Atkin.
  • Immervox features Bluescape and CRMNext in its list of Five Companies Leading the Charge in the Changing Workplace.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Figure Eight (formerly CrowdFlower) Collaborating with Google Cloud on Machine Learning.
  • Zooz Acquired by PayU in Deal Valued at More than $80 Million.

Around the web

  • Currencycloud announces new CRO Nick Cheetham.
  • Rabobank to leverage ACI Worldwide’s ACI Issuer to manage and modernize its card portfolio business.
  • TransferTo teams up with distributed, open-source blockchain platform, Stellar.org to make cross border money transfers easier.
  • Infosys Finacle to power Ayeyarwaddy Farmers Development Bank’s digital transformation.
  • The Silicon Review names Arxan and IdentityMind Global among 50 best companies to watch in 2018.
  • Prosper moves from providing investors estimated return data to historical return data.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Arxan Brings its App Protection Technology to Android

Arxan Brings its App Protection Technology to Android

Arxan Technologies has launched Arxan for Android, the first cybersecurity solution to leverage Google for Android-supported development language Kotlin to secure Android apps. The technology defends Android apps written in either Kotlin or Java from reverse engineering and tampering, which helps guard businesses against the kind of brand destruction, financial loss, and theft wrought by cybercrime.

VP of Product Management Rusty Carter credited the technology for not only providing full support for Kotlin, but also for the way it manipulated key aspects of Android to maximize security, “This capability minimizes impact on development resources from the first build on through every follow-on release,” Carter said. “As the application threat landscape continues to intensify, we are continuing to expand our capabilities to help protect customer applications for Android, including those developed using Kotlin.”

Developed by the JetBrains programming team out of St. Petersburg, Russia (along with open source contributors), Kotlin first appeared in 2011 and made its stable release late in April 2018. The programming language is an industrial-strength, object-oriented programming language that is designed to be fully interoperable with – and able to facilitate a migration to – Java.

Arxan for Android features:

  • APK-based, post-build protection that does not require source codes changes and minimizes impact on the software development lifecycle.
  • Java and Kotlin support to secure the widest possible range of Android apps
  • Easy-to-use JSON-based configuration for quick implementation and faster time-to-market
  • Enterprise-level platform support and training

Founded in 2001, Arxan Technologies demonstrated its mobile application shielding for financial services technology at FinovateEurope 2014. The company’s solutions defend mobile apps from hacking and malware with its patented “guarding” technology that is embedded directly into the app. This turns ordinary apps into self-defending, tamper-proof apps that can resist cyberattacks that use techniques such as code tampering and reverse engineering.

Arxan’s technology is deployed on more than 250 million devices by Fortune 500 corporations in financial services, retail, healthcare, as well as in other industries. Earlier this year, the company launched a new app security monitoring and analysis service, Arxan Threat Analytics, that enables businesses to learn about cyberattacks while the attacks are underway and to provide countermeasures before the attack is completed or becomes widespread.

Headquartered in Bethesda, Maryland, Arxan has also participated in our developers conference, presenting Mobile Payments: Protecting Apps and Data from Emerging Risks at FinDEVr Silicon Valley 2015. The company had raised more than $28 million in funding before it was acquired by TA Associates in 2013 for $132 million. Joe Sander is CEO.

Finovate Alumni News

On Finovate.com

  • Arxan Brings its App Protection Technology to Android.
  • BondIT Integrates Bond Portfolio Solution with FIIG Securities.
  • Dwolla Launches Start, a Pay-as-You-Go Payment Solution.
  • Intelligent Environments Rebrands as ieDigital.
  • Finicity Forges New Partnership with Mortgage Cadence.

Around the web

  • Low-code development specialist OutSystems launches OutSystems Sentry, a new proactive security monitoring service for the company’s PaaS clients.
  • PayPal acquires Jetlore, an AI-powered prediction engine for retailers.
  • Halma partners with OurCrowd for life protection technologies.
  • CNP Awards recognizes ThreatMetrix for ThreatMetrix ID.
  • EY names Flywire CEO Entrepreneur of the Year finalist in New England.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Lender Price Integrates with Mortgage Management Solution from Ellie Mae.
  • WorkFusion’s $50 Million Round to Fuel Robotic Process Automation.
  • $1.32 Billion Raised by 26 Alums in Q1 of 2018.

Around the web

  • Retail chain Speedway names InComm Innovative Business Partner of the Year.
  • Technology from Malauzai and Geezeo contributes to new mobile app for Florida’s Axiom Bank.
  • YellowDog announces new partnership with [RE]DESIGN.
  • Mr. Cooper awarded Top Servicing Performance Rating from Fannie Mae. Come see Mr. Cooper’s demo at FinovateSpring next month.
  • Arxan launches new app security monitoring and analysis service, Arxan Threat Analytics.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

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Ready for some good news on the cybersecurity front?

Most of the time cybersecurity appears in the headlines, it is a report of a breach that just occurred or a new threat to guard against in the future. Caught between the hack that caught us unaware and the certainty that it won’t be the last, we can lose sight of the fact that there are hundreds of cybersecurity firms with thousands of security professionals that are working around the clock to make our lives online a lot safer. And many of these companies are Finovate alums specializing in service to the financial industry and its customers.

Ted Ross, founder and CEO of SpyCloud, demonstrating the company’s Best of Show-winning platform at FinovateFall 2017.

Importantly, not only are these companies working 24/7/365 to fight cybercrime, but also many of them are teaming up and partnering with financial institutions, retailers, and each other to test their technologies, make key improvements and enhancements, and ultimately get their fraud-fighting solutions to market.

With that in mind – and in line with our October focus on cybersecurity – here’s a look at the partnerships, agreements, and collaborations forged by our cybersecurity-related alums so far in 2017.

October

Fintech-to-Tech

  • Mitek partners with handwriting-based biometric authentication service Asignio to deliver IDaaS solution.
  • Avoka extends strategic partnership with Mitek for digital identity verification solutions.
  • ThreatMetrix and ID.me partner to deliver ID verification for government and commercial digital services.
  • Ledger partners with Intel to boost blockchain app security.
  • BioCatch to power behavioral biometrics for Samsung SDS America. 
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Zighra launches flagship continuous authentication product.
  • Kony to launch digital banking solution leveraging Daon biometrics. 
  • iSignthis to integrate its Paydentity UBO Service with Web Shield’s InvestiGate platform.
  • TASCET teams with Secured2 to launch Algo5 data security offering.

Fintech-to-FI

  • Latvian Bank Citadele secures mobile and online banking with VASCO’s DIGIPASS for Apps and CRONTO.
  • National Bank of Canada joins SecureKey’s digital identity network.

Fintech-to-ECommerce

  • HooYu to provide ID confirmation for U.K.’s Cars-as-a-Service easyCar Club.

Multiple Best of Show winner EyeVerify demonstrating its Eyeprint ID technology at FinovateEurope 2017 with partner YapiKredi Bank.

September

Fintech-to-Tech

  • Vera to provide data security services for GE.
  • BioCatch to power fraud prevention solutions for HoneyTek Systems.

Fintech-to-FI

  • DefenseStorm to bolster cybersecurity operations for Genesee Regional Bank ($551 million in assets).
  • Open Banking selects Ping Identity to provide the identity and access management to underpin the U.K.’s open banking framework.

Fintech-to-Ecommerce

  • Signifyd guarantees fraud protection for Magento Commerce Merchants.
  • Infosys Finacle partners with ToneTag to leverage sound wave technology to drive contactless authentications and transactions.

August

Fintech-to-Tech

  • Jumio partners with Plynk to bring instant verification to Europe’s first money messaging app.
  • FIS and Equifax partner to offer new identity verification solution, OnlyID.
  • Biometric Signature ID partners with National Fingerprint to provide virtual ID proofing and verification services.
  • BioCatch partners with LexisNexis to leverage data and analytics for better risk management.

Fintech-to-FI

  • Samsung to power biometric authentication pilot for Bank of America.
  • Mexican payment processor chooses fraud fighting technology from Featurespace.

Fintech-to-ECommerce

  • HooYu brings identity confirmation technology to BCRemit.

July

Fintech-to-Tech

  • ID Analytics partners with Acxiom to strengthen risk assessment and combat fraud.
  • HackerOne Powering bug bounty program for Tor browser.

Fintech-to-FI

  • MoneYou integrates Mitek’s identity solutions for real-time digital onboarding.
  • DefenseStorm to serve as cybersecurity partner for Bank of Jackson Hole to enhance security.

Fintech-to-ECommerce

  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Signifyd brings its Guaranteed Fraud Protection solution to Authorize.Net’s U.S.-based e-commerce merchants.

Behavioral biometric innovator BehavioSec, shown here demonstrating BehavioSec on Demand at FinovateFall 2015, has won three Best of Show awards.

June

Fintech-to-Tech

  • Daon adds EyePrint ID to IdentityX platform courtesy of new partnership with EyeVerify.
  • IdentityMind Global to offer Confirm.io’s document authentication technology to its financial services customers.
  • Jumio partners with Monzo for strong identity verification.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.

Fintech-to-FI

  • Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud.
  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.

May

Fintech-to-Tech

  • Cisco and IBM team up on security.
  • BehavioSec partners with Kount.
  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform.
  • Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore.

Fintech-to-FI

  • Australia-based forex broker Pepperstone to deploy Paydentity verification services from iSignthis.

April

Fintech-to-Tech

  • Fraud prevention innovator Featurespace partners with U.K. digital family banking solution, goHenry.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.

Fintech-to-FI

  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.

Fintech-to-ECommerce

  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

A FinDEVr favorite, HackerOne and its bug bounty and vulnerability disclosure platform leverage white hat hackers to find critical security gaps before criminals do.

March

Fintech-to-Tech

  • Mastercard adds to authentication arsenal with acquisition of NuData Security.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.

Fintech-to-FI

  • Daon brings mobile biometric authentication to UnionBank.
  • Co-op Financial Services to leverage machine learning-based fraud fighting technology from Feedzai.
  • Pindrop to mitigate call center fraud for credit union service organization PSCU.

Fintech-to-ECommerce

  • Saltrex to use Jumio’s Netverify Trusted-Identity-as-a-Service.
  • Featurespace to provide machine learning fraud and risk management solution to CashFlows.

February

Fintech-to-Tech

  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Icon Solutions joins forces with Featurespace to bring anti-fraud protection to instant payments.

Fintech-to-FI

  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • First national private bank of Turkey, Yapi Kredi to deploy Eyeprint ID from EyeVerify for mobile logins.

Fintech-to-ECommerce

  • Feedzai and Merchant Risk Council (MRC) team up to leverage AI and machine learning to fight fraud.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

January

Fintech-to-Tech

  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.

Fintech-to-FI

  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • NetGuardians brings real-time fraud protection to Nigeria’s Keystone Bank.

 

Finovate Alumni News

On Finovate.com

  • TASCET Teams with Secured2 to Launch Algo5 Data Security Offering.
  • NYMBUS Launches Digital-First Banking Platform, NYMBUS SmartDigital.

Around the web

  • Mastercard and PayPal expand partnership to Canada, Europe, LatinAm, Caribbean, the Middle East and Africa.
  • Affirmative Technologies partners with TransCard to provide electronic payment processing for SMBs.
  • FICO introduces new payment card fraud detection models.
  • Arxan receives ISO 13485 certification.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • 12 Alums Earn Their Place on Inc. 5000 List
  • LendingRobot and NSR Invest to Form Biggest Robo Advisor in Marketplace Lending

Around the web

  • Arxan Technologies takes home the bronze in 9th Annual 2017 Golden Bridge Awards for Innovation in Technology.
  • The American Genius profiles Checkbook.io.
  • TSYS enters agreement to become official payment processor of the National Golf Course Owners Association.
  • Tyfone joins JLR incubator to boost its involvement in the auto industry
  • Actiance announces general availability of Vantage 2017.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.