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FinovateEurope 2012 Live Twitter Transcript

FEUBadge.jpgHere’s @Finovate’s live Twitter stream from FinovateEurope on Tuesday, February 7.

Entries appear in chronological order:

Session 1

  • Here’s the first Finovate demo. Nutmeg launch: “Investing the way it should be.” LinkThumbnail image for Thumbnail image for Thumbnail image for TwitterBird.jpg
  • Nutmeg walking through investment goal setup; red popup tells you if you are drifting away from your goals and what to do about it.
  • Ping Identity launching methods for banks to integrate with social networks.>> huge priority for future. Link
  • Ping Identity demoing Facebook integration in account-opening process; has a number of integration ideas in the works with clients.
  • At Finovate, PayPal and la Caixa are launching PayPal account opening in 30 seconds by choosing email address and password. Link
  • Have found that PayPal account opening within la Caixa Bank environment increases account setup success by 2x to 3x. 
  • iBrokr AG, unit of Fidor Bank, is launching Stockbattle: Social betting on stock market. Link
  • iBroker demoing 1-euro bet on the stock value of a German company; has Facebook integration to share the bet to find a counter bet.
  • iBroker is easy, transparent, fun and accessible. A wildly innovative service to offer within an online banking or investment account.
  • BCSG is launching CreditHQ represents, a better way for small businesses to handle credit management. Link
  • BCSG’s CreditHQ demoing credit management dashboard; has integration with collection agency to help followup with late payments.
  • Backbase launching major new features in Bank 2.0 portal including targeting to customer segments. Link
  • Backbase has cool widgets targeted to segments, showing student page mockup. Working with ABN AMRO, ING, DB, Barclays, and Visa.
  • Fenergo demoing “deal manager,” client on-boarding and KYC compliance solution for corp banking/investments. Link
  • Fenergo showing dashboard to build the “credit pack” to pass to underwriting and back office departments; shows work-flow backlogs.
  • Service2Media and Rabobank introduce mobile payments via an existing banking application. Link
  • Service2Media showing cool mobile features: OCR recognition, “drag and drop” coins across page; “shake to clear.”
  • CurrencyFair launching peer-to-peer foreign exchange transfers with its QuickTrade. Link 
  • CurrencyFair demoing a foreign exchange transaction, in this example a 68 GBP savings on 2000 GBP exchange; great user interface.
  • CurrencyFair has processed 90 million Euros, currently doing 0.5 million per day and growing quickly.
  • Holvi demoing “group account” replaces bank account with smart payment account designed for any group. Link
  • Holvi account assists groups with raising money, distributing cash, processing expense reports and tracking/ categorizing/ sharing it.
  • Holvi can also be used for group to setup online store for donations, t-shirt sales and so on; 58% of consumers involved in groups.
Session 2

  • We are back from break with Etronika showing voice, face and gesture recognition technology. Link
  • Etroinka demoing logging in via voice intro then authenticated with facial recognition; also showing gesture/voice navigation.
  • miiCard demoing new online Identity verification system to ease account opening and ID authentication. Link
  • miiCard demoing how it takes existing banking relationship to validate your identity; done in 5 to 10 minutes; then can share.
  • Mootwin launching one-stop-shop for mobile financial needs; demoing iPad app. Link
  • Mootwin showing streaming video on tablet; can communicate directly with financial adviser within UI; working with Cortal Consors.
  • Actiance showing dashboard for publishing to social media networks. Link
  • Actiance demoing dashboard in Socialite Engage that shows engagement with users; has tools to track overall program across company.
  • Fiserv is showing Mobiliti M-Cash service in use by ANZ; demoing mobile payment to non-ANZ customer. Link
  • Fiserv demoing M-Cash white label mobile payment service; entire process takes about 30 seconds; now showing online m-payment.
  • Aimia & Cardlytics launching transaction-based marketing platform; Aimia is investor in Cardlytics. Link
  • Cardlytics demoing their in-statement-offer UI within a live PNC Bank account; highlighting Burger King 20% cash-back offer.
  • Cardlytics demoing merchant dashboard; real-time results of spend of customers in entire category with offers vs those without.
  • Liqpay, with 1.5 mil customers, launching http://Zip.liqpay.com, payment detail shortener for SMS and email Link
  • Liqpay “payment detail shortner” is similar to bit.ly for URLs; showing how it works at Privatbank; increases accuracy and safety.
  • DCisions launching InvestorBee to take guesswork out of investing with understandable risk vs. return info. Link
  • InvestorBee will make investing benchmarks available free to consumers; believe simple facts will disrupt investing.
  • ValidSoft demoing secure m-banking with out-of-band four-factor authentication and transaction. Link 
  • ValidSoft demoing voice-based authentication to confirm trans; system calls mobile number and customer answers to confirm… nice!
  • Dynamics showing battery-powered card that is “first mobile wallet that works everywhere plastic accepted.” Link
  • Dynamics showing how to press a button on card to get a disposable number to use online; or request rewards points be used at POS.
  • Dynamics launching today Chip & Choice for Europe, allows multi-app card to be used with single-app software infrastructure.
Session 3
  • eToro, with 2 million users; launching Guru Finder crowdsourcing to find traders to follow and copy. Link
  • eToro demoing trader profiles and community communications; also launching iPad app.
  • Serverside Group launching a Facebook app for banks to provide tangible value. Link
  • Serverside Group app allows customers to upload images from FB to create their own customized credit/debt card; can increase usage.
  • When finished using Serverside app, users can post their cards in FB update; bank could run design competition to “like” cards.
  • Tradeshift demoing how businesses can manage cash flow; launching “instant payments” options. Link
  • Tradeshift showing dashboard controls; onboard process for suppliers and instant payment process; available to entire supply chain.
  • Finsphere, which recently partnered with Vodafone, uses mobile phone location to assist with authentication. Link
  • Finsphere demoing its “risk score” for each transaction; online banking login process; and consumer Pinpoint service.
  • Launching Handpoint Headstart, mobile Chip & PIN payment solution. Link
  • Handpoint demoing payments on mobile phone, table and mobile POS device; also showing Square-like mobile reader option.
  • Wipro Technologies launching tablet-based customer acquisition system. Link
  • Wipro showing interface that sales adviser would use with prospects to explain products and compare options.
  • Wipro app allows adviser to take a screen cap and email the page to the customer >Very cool way to follow-up on initial discussion.
  • Luup launching travel management system for businesses and governments. Link
  • Luup demoing employee registration; using mobile to create trip itinerary and request approval from manager.
  • Meniga, PFM provider, is launching “Peace of mind banking.” Link
  • Meniga UI has forward looking cash position, like Simple’s “safe to spend” balance; showing “emergency fund” balance tracking.
  • Meniga working to move PFM from a “tab” to the most used part of online banking.
Session 4

  • Striata is launching eConsent “PUSH email billing” with NO registration process. Link
  • Striata demoing process: 1st email is Yes/NO overlay on shaded-out bill. No username or password; use a secret, for example: mobile number and birthday.
  • Striata showing interactive bill, “mini-website” right in the inbox.
  • Sandstone Technology showing modern-looking user interface on iPhone built on HTML5. Link
  • Sandstone Technology showing on multiple phones; demoing how user can personalize app with own picture; change display views.
  • Kabbage launching ScoreKard today, a quantitative view of health of client’s online store. Link
  • Kabbage has now loaned $10 million to small online sellers on eBay and elsewhere; showing integration with Etsy.
  • Kabbage showing “social climbing” system where Kabbage analyzes client’s social media activity to help in underwriting.
  • AcceptEmail showing MOBILE electronic bill presentment & payment, its “Short Invoice Service.” Link 
  • AcceptEmail allows content of sent email to be changed while in client’s inbox, eg. after bill paid, status can be changed.
  • Figlo’s widget-based platform helps advisers communicate to clients via Facebook. Link
  • Figlo showing integration of online banking with long-range planning; showing table version.
  • Ixaris launching Opn Cardworks, “card system in a box”, allows issuer to fully customize. Link
  • Ixaris can get Visa approval for new card within 6 weeks; demoing Ixaris “app store” for building programs.
  • IND Group launching new gamified banking interface ” online banking goes from boring to fun” Link.
  • IND iGroup demoing UI which includes points area, achievements, badges (which unlock more rewards); shows totals over time.
  • That’s a wrap folks. 35 Finovate demos and no one went over time limit! What a day, see you in the networking hall.