Billtrust has hired Tom Iler as Chief Information Officer and Paul Wakolbinger as Senior Vice President of Sales.Iler, most recently at New York digital technology company Vibrant Media where he was Chief Technology Officer, has over 15 years of C-level technology experience. He has served in CTO and CIO positions at companies of all sizes from successful startups to large public corporations. In addition to Vibrant Media, Iler has held executive posts at Ascend One, AOL and Advertising.com. Wakolbinger, with more than 20 years’ experience as a software sales and sales management executive, comes to Billtrust from SunGard Corporate Liquidity, a division of SunGard Financial Systems, where he was Senior VP of Sales, Receivable Solutions. Wakolbinger’s specialty is building sales teams that consistently exceed sales quotas; he has extensive experience in selling application software as well as SaaS and managed-service offerings.
Fintech Innovation LabLeading-edge mobility, data analytics and credit risk solutions were among the six technology innovations demonstrated for top financial services, venture capital and technology executives at the fourth annual FinTech Innovation Lab Demo Day in New York. The Lab is a 12-week mentoring program created by Accenture (ACN) and the Partnership Fund for New York City and supported by more than a dozen of the world’s leading financial institutions to promote financial services technology (“fintech”) innovation and high tech job growth in New York City. This year’s entrepreneurs were chosen by chief technology officers from 15 participating financial institutions. The companies included Enigma, Kasisto, LMRKTS, pymetrics, RevolutionCredit and Standard Treasury. The group has spent the last 12 weeks receiving high level mentoring, product and business development advice and exposure to senior financial industry, technology and venture capital executives. The 18 previous alumni companies have raised a total of more than $76 million in financing after participating in the program since 2010.
Smart Cities coalition to advance smart city development and innovation partnered MasterCard for a turning point in the development of innovative digital transaction processing platforms for city government, businesses and citizens. MasterCard will work with the Council’s advisors and members to provide cities with better, safer and more secure payment methods. Technology has been the single largest change agent in the ongoing transformation of the finance function. Electronic payment processing has increased convenience, security and transparency, and has contributed to reduce administrative costs. MasterCard will also contribute to the Smart Cities Council Readiness Guide to improve the livability, workability and sustainability of the world’s cities. The Readiness Guide is a collaborative and comprehensive resource that provides a step-by-step roadmap, vendor-neutral technology recommendations, evaluations and case studies for smart city development.
SunGard, Thomson Reuters, Temenos and FreedomPay are announcing new apps for Windows 8 and Windows Phone 8 that will help financial services companies across the world grow their businesses with mobile experiences for employees and customers. Windows 8 and Windows Phone 8 devices continue Microsoft’s long history of providing the security, manageability and compliance that financial services companies rely on. As financial services go mobile, the importance of access control, data security and computing power become even more important. App builders for the financial services industry recognize the power of the Windows 8 platform on mobile devices as essential to providing the solutions that their customers demand. Windows 8 enables new critical business mobility and productivity scenarios that meet the rigorous IT standards for security, manageability and support required in today’s financial services industry. FreedomPay mobile payment and incentive developed the FreedomPay Commerce Platform, available first on Windows Phone 8, which allows consumers to use the platform as a mobile wallet to pay at local stores and get exclusive mobile incentives. Payment cards, offers and loyalty cards are secured in the SEEK digital wallet, which simplifies the consumer’s payment experience.
SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.
SunGard’s AvantGard PayNetExchange has attained the Payment Card Industry Data Security Standards (PCI-DSS) Report of Compliance as a Level I Service Provider. This certification helps assure companies that AvantGard PayNetExchange provides a secure, integrated payments platform that safeguards against fraud and protects sensitive customer data. Through this report, AvantGard PayNetExchange has been certified to meet…
Green Dot Corporation prepaid financial services appointed John MacIlwaine CIO. To lead Green Dot’s entire technology organization, he will orchestrate the design and implementation of the Company’s overall technology strategy. Most recently at Visa as Head of Global Development, responsible for developing new products and services across Visa’s commercial and consumer product divisions, MacIlwaine focused on coordinating key initiatives as the payment network underwent a highly-complex global restructuring tied to its transition from a privately-held bank association model to a publicly-traded corporation.
SunGardâs “IntelliMatch” solution suite, an enterprise-wide solution that streamlines processes for reconciliation, exception management, financial governance and archiving, has been accredited by SWIFT for the eleventh consecutive year. The “SWIFTReady” Reconciliation 2010 accreditation applies to the recently announced IntelliMatch solution suite version 9.0.
The latest SWIFT accredited release of SunGardâs IntelliMatch supports new transaction types, delivers analytical tools to drive continual process improvement, supports intraday reconciliation to enable real-time visibility, and scales to handle higher transaction volumes. As a result, IntelliMatch can help customers gain improved operational efficiency, reduced operational risk, and enhanced scalability and performance.
Microsoft has global partnership agreement with the Society for
Worldwide Interbank Financial Transactions.
The announcement signifies a new, higher level of close cooperation
between the organizations, under which they will work together
to deliver deep industry value and simplify “SWIFTNet” implementation for
customers using Microsoft technology. “Microsoft BizTalk Server 2009
with BizTalk Accelerator for SWIFT” will
enable financial institutions to access a comprehensive set of SWIFT
solutions and support for protocols, including adapters for “SWIFTNet
FileAct “and “InterAct”, which provide connectivity between Microsoft
Server and the SWIFT secure IP network. It also includes business activity
monitoring, providing operations managers and business analysts with
enhanced visibility into transactions. The development of a SWIFT
partner ecosystem will be an important
aspect of the global partnership that will increase the choices
available to customers,
enabling them to better compete through more flexible and scalable
financial messaging solutions.
Dawood Islamic Bank Ltd (DIBL) has deployed the Sungard “System Access
Customer Service Manager” for the provision of Internet banking solutions.
The solution is designed to provide safe, affordable Shariah-compliant
banking services to allow consumers access to bank services, including
payments and financing facilities. Additionally, “System Access Customer
Manager” provides customer information to integrate with back-end
helps customer retention with integrated marketing campaigns. Dawood
Bank initiated operations with an initial capital of 2 billion rupees,
5 branches in operation and is planning to establish 20 branches throughout
Pakistan for 2008. SunGard has an annual revenue of over $4 billion and
serves more than 25,000 customers in more than 50 countries.
Silver Lake and ValueAct Capital have agreed to acquire Acxiom Corporation for $3 billion. Under the terms of the agreement, Acxiom stockholders will receive $27.10 in cash for each outstanding share of stock. This represents a premium of approximately 14 percent over the closing share price on May 16, 2007, the last trading day before disclosure of the agreement with Silver Lake and ValueAct Capital with respect to the acquisition of the company and a premium of approximately 20 percent per share over Acxiom’s average closing price per share during the 30 trading days ended May 16, 2007. The merger agreement provides that Acxiom may solicit and entertain proposals from other companies during the next 60 days. In accordance with the agreement, the board of directors of Acxiom, through the special committee and with the assistance of its independent advisors, intends to actively solicit other proposals during this period. Acxiom Corporation integrates data, services and technology. Silver Lake is an investment firm focused on large scale investments in technology, technology-enabled, and related growth industries.
Doug Wheaton has joined HID Global as Marketing Communications Copywriter and brings 10+ years of extensive marketing, business development and public relations experience. In addition to an M.B.A from Pepperdine University, his broad background includes roles in public relations and business development at Credit Suisse First Boston in Asia, a marketing manager position at SunGard Trading Systems and other marketing and promotional responsibilities in the ecommerce field.