Author: Julie Muhn (@julieschicktanz)

AXA Banque and Chappuis Halder & Cie Debut SOON, a Mobile-First Approach to Banking

By Julie Muhn (@julieschicktanz) Posted on
Categories: AXA Banque, Chappuis Halder & Cie, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

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Finishing up FinovateEurope 2014, AXA Banque and Chappuis Halder & Cie come up to debut SOON, a mobile-first approach to banking:
“SOON is changing the way everyday banking is done. Mobile banking can be much more than another channel to use the same banking services because mobile handset capabilities enable brand new user experiences. SOON is one of the first bank services to be specially designed for a mobile smartphone, with the objective to make bank services useful, simple, and pleasant. Focusing on design and user experience, we took Apple as an example and used the Nudge marketing theory to develop useful functionalities to manage money.”
Presenting Raphaël Krivine (General Manager, AXA Banque) and Patrick Bucquet (VP Digital, CH&C)

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Product Launch: January 2014
Product distribution strategy: Direct to Consumer (B2C)
HQ: Fontenay Sous Bois, France
Founded: September 2012  
Website: soon.fr 
Twitter: @soon

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Smart Engine’s Shopping Assistance Helps Banks Bring More Targeted Offers to Consumers

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Smart Engine
This post is part of our live coverage of FinovateEurope 2014.

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Then, Smart Engine took the stage to launch its Shopping Assistance technology that helps banks take advantage of big data to bring consumers more targeted offers:
“We are demonstrating the next generation of our innovative Shopping Assistance functionality which adds an entirely new level of “big data” consumer profiling and multichannel targeting to our card linked offer bank loyalty platform. 
The cardholder checks in at the merchant store using the App or logs on to the web shop. Our consumer insight analytics in real time pushes relevant shopping offers and recommendations which match the cardholder’s preferences. The preferences are derived from the cardholder’s profile which we maintain consistently across all merchant sales channels. The cardholder checks out from the store using the Smart Engine App, paying for the purchase and redeeming a discount all in one go.”
Presenting Christian Bacher (Managing Partner) and Anna Bacher (Director of Sales & Bus. Dev.)

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Product Launch: Q1, 2014
Metrics: Money raised to date: $8M, annual revenues: $950,000, number of employees: 35, shareholder structure: 60% – 2 private venture capital funds, 40% – management
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Europe: Vienna, Austria, Asia: Hong Kong, China
Founded: December 2010
Twitter: @SmartengineNws

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Arxan’s Security Technology Shields at the Application Layer for Tamper-Proof Protection

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

ArxanLogoFEU14.jpgNext, Arxan Technologies took the stage with its mobile app shielding for financial services:

“Arxan’s mobile application hardening delivers critical defense and shielding at the application layer with static and active self-defend and tamper-proof attributes. By deploying Arxan protected apps, financial institutions can launch advanced and feature-rich mobile financial services with confidence. Our state of the art ‘Guards’ are small units of object code that “lockdown” applications with multiple and performance sensitive protection against attacks such as malware, fraud, data breach repackaging, unauthorized access, IP theft, removal of security or critical business logic – all of which would have significant consequences for financial institutions.”
Presenting Vince Arneja (VP Product Management) and Winston Bond (Security Solutions Architect)
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Product Launch: October 2013
Metrics: majority private equity investment made in Arxan in September 2013, HQ in USA with global offices in EMEA and APAC
Product distribution strategy: Direct to Business (B2B)
HQ: Bethesda, MD, USA
Founded: January 2001
Website: arxan.com
Twitter: @Arxan

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Innovation Agency Crowdsources Innovation through Community Collaboration

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Innovation Agency
This post is part of our live coverage of FinovateEurope 2014.

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Next, Innovation Agency took the stage to demo its approach to innovation in financial services:
“Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting. 
It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Our judging, recognition/reward process, and digital persona releases are our primary focuses at FinovateEurope.”
Presenting Sean O’Reilly (CTO) and Rory Moore (CEO)
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Product Launch: February 2014 at FinovateEurope
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY, USA
Founded: December 2008
Twitter: @InnovationInfo, @cafe_innovation

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Money on Toast Debuts Holistic Financial Advice Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Money on Toast
This post is part of our live coverage of FinovateEurope 2014.

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Then, Money on Toast demonstrated how its Doughbot delivers holistic financial advice:
“Money on Toast delivers independent and whole of the market FCA-regulated financial advice online via an algorithm-powered adviser, Doughbot. Clients can obtain advice on investments, pre and at-retirement planning, protection and inheritance tax. 
How it works: The online system guides the customer through a series of questions, assessing a number of different factors just as a human adviser would. Doughbot then produces a comprehensive electronic suitability report detailing what has been recommended, which is emailed to the client. Clients can then click through and buy these products directly online. All interactions are electronically tracked, providing a complete compliance trail.”
Presenting Charlie Nicholls (Founder & Managing Partner) and Catharine Dodd (Project Manager) 
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Product Launch: May 2012 
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
HQ: London, UK 
Founded: March 2012
Twitter: @Moneyontoast

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ITSector’s Commercial Sales GPS Helps Out Financial Institutions’ Sales People

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, ITSector
This post is part of our live coverage of FinovateEurope 2014.

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Starting off the final session today, ITSector debuted its Commercial Sales GPS to help out financial institutions’ sales teams:
“Commercial Sales GPS offers financial institutions’ sales teams a solution to guide all commercial effort, including mobile access from everywhere. The main aim of the solution is to provide global information for commercial activity, including:
    1. Windows 8 Mobile Tablet – front end for accessing maps and detailed management information and Proactivity map
    2. Action Tool for Commercial Managers – guidance for commercial effort
    3. Tool for achieving Cycle Proactivity – planning, scheduling, preparation, and report overview
The software, based on Microsoft Dynamics CRM, will cover the main activities of the sales process, from account planning, all the way through visit scheduling, preparation, and execution up to monitoring.”
Presenting João Pinto (Director) and Vitor Barros (IT Architect)

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Product Launch: February 2014
Metrics: €9M in 2013 revenues, 200 employees in 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Porto, Portugal
Founded: April 2005
Website: itsector.pt

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Intuition Intelligence’s Smart Offers Solution Helps Banks Bring Users Relevant and Targeted Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Intuition Intelligence
This post is part of our live coverage of FinovateEurope 2014.

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Next, Intuition Intelligence demonstrated its Smart Offers platform:
“Smart Offers markets Bank Products and Merchant Offers embedded in Super Relevant financial content.  The financial content matching a customer’s life cycle serves as a powerful trigger to act on the Super Relevant Bank Products and Merchant Offers. The customer Analytical feedback to Banks is a powerful lead generation tool providing deeper insights on customer likes and needs.
Smart Offers solution sources a huge volume of offers from the open coupons and deals networks. The Bank manager portal enables financial institutions to view, select, and approve offers.
Smart Offers’ iCube Super Relevancy engine learns user intent in click time and delivers Super Relevant offers at the right moment via digital channels without spam or friction. Thus, banks experience higher conversion on a scale never seen before, resulting in dramatic increases in revenue.
Smart Offers solution can be easily integrated to existing infrastructure, hosted on-premise, or by a software-as-a-service model.”
Presenting Dr. Arif Ansari (CEO) and Yusuf Ansari (COO)

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Product Launch: November 2013
Metrics: 20 employees in California & India
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Dublin, CA, USA
Founded: October 2013

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BehavioSec’s Adaptive User Authentication System Removes the Burden of Security from the End User

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

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Then, BehavioSec demonstrated how its system can remove the burden of security from the end user:
“User-friendly, adaptive user authentication via risk based authentication, or behavioural biometrics, and the reality of legacy systems at our current customers.
BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy based behaviour authentication actions.
This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user.”
Presenting Neil Costigan (CEO) 

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Product Launch: April 2012
Metrics: €1.5M, 12 employees, university spin out
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec

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Luxoft Helps Banks Give their Clients a Single Place to Track their Investments

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Luxoft
This post is part of our live coverage of FinovateEurope 2014.

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Next, Luxoft demonstrated iStockTrack, an app that gives users a single place to connect with their investment life:
“iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients. iStockTrack features include client consolidated wealth view, investment portfolio monitoring, personal adviser video call and chat, 24/7 individual banking services, instant market data and news, and macroeconomics dashboard – all in one app!”
Presenting Przemyslaw Berendt (VP Global Marketing)

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Product Launch: May 2013
Metrics: 7,000+ employees, 19 offices worldwide, 130+ clients, 300+ successful projects, revenue CAGR 26% FY 2011 to FY 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Zug, Switzerland
Founded: 2000
Website: luxoft.com
Twitter: @Luxoft_tweets

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Meniga Launches MarketWatch to Offer a New Revenue Stream for Banks

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Meniga
This post is part of our live coverage of FinovateEurope 2014.

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Next, Meniga demonstrated its MarketWatch technology:
“The MarketWatch offers Financial Institutions a unique way to analyze financial data that lives within their systems. Complementary to Meniga’s PFM Solution, the MarketWatch enriches the transactional data and is a real-time, transaction-based analytics platform for industry-specific market intelligence and reporting. The superior market intelligence provided by the MarketWatch can be offered by banks to retailers for competitive analysis or to improve tactical decision making thereby creating a new revenue stream.”
Presenting Georg Ludviksson (CEO & Co-Founder) and Einar Gustafsson (VP Product Management)
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Product Launch: February 2014
Metrics: $8 million raised. 70 employees. Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation online banking solutions. The Meniga PFM Solution has been implemented by more than 15 financial institutions in 11 countries, reaching well over 10 million online banking users. Meniga’s PFM Solution has received multiple awards for innovation, including “Best of Show” at FinovateEurope in 2011 and 2013, and boasts market leading adoption and retention metrics.
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Reykjavík, Iceland
Founded: March 2009
Website: meniga.com
Twitter: @meniga

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Cardwise’s Xpenditure Automates Expense Management

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardwise, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

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Second up this afternoon, Cardwise demonstrated how Xpenditure can automate expense reports:
“Xpenditure is a web based expense management solution that eliminates expense reports for a company. By automating all steps of the expense management process and making use of receipt scanning and integrated approval on the level of expense, Xpenditure makes it possible to manage all daily costs without creating ordinary expense notes – all without long and expensive implementation costs.”
Presenting Wim Derkinderen (CCO & Co-Founder) and Koen Christiaens (Head of Product) 
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Product Launch: February 2013
Metrics: €1.8M in Funding (Angel), 15 Employees, €1.3M in revenue for 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Mechelen, Belgium
Founded: April 2011
Twitter: @xpenditure

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Payworks Provides Robust Checkout Options

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, payworks
This post is part of our live coverage of FinovateEurope 2014.

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Taking the stage just before lunch, payworks showed how its platform can facilitate robust payment capabilities:
“We are showing how easy it is to build innovative payment solutions on top of the payworks platform and showcase stunning checkout options.”
Presenting Christian Deger (CEO) and Michael Englmaier (Head of Sales)

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Product Launch: Summer 2012
Metrics: 15 employees, winner of MPE Award for most innovative payment startup
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Munich, Germany
Founded: April 2012
Twitter: @payworksmobile

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