Finovate Alumni News– November 5, 2013

  • Finovate-F-Logo.jpgLodo debuts D3 Consumer banking multichannel management platform.
  • App Annie’s Free Upgrade Brings Advertising and Analytics Onto a Single Platform.
  • CurrencyFair raises $2.5 million from Frontline Ventures.
  • TSYS introduces Merchant Insights to hep customers better monitor and analyze social media data.
  • ACI Worldwide announces completion of Official Payments acquisition.
  • Jim Marous’ Bank Marketing Strategy features Mitek in a discussion of “banking innovation for the fat-fingered.”
  • Local CBS affiliate in San Francisco highlights crowdfunding, real estate, and Realty Mogul.
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.

FinovateAsia 2013 Sneak Peek: Part 4

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FinovateAsia 2013 is coming to Singapore in just over one week. And, just in time, here are the final seven companies who will bring their live demos to the stage.

If you missed the previous three installments of our Sneak Peek preview series, check out the links below.

Our final event of 2013 is only a few weeks away. Get your ticket here to be a part of the audience.


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BehavioSec focuses on innovation in behavioral biometrics.
Features
    • Transparent biometrics for mobile and web 
    • Large deployments 
    • Cost effective, low impact security
Why its great:
BehavioSec provides biometric security with no user experience cost  

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Neil Costigan
Dr Costigan is a cryptography and security expert with over 20 years experience developing security solutions deployed with retail banking in the U.S. and Europe.

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GMC Software Technology’s Inspire Research Portal (IRP) for investors provides a single platform for users to access and replaces all manual processes to automation.
Features
    • Streamlining the process
    • Reducing human errors while increasing productivity
    • Ability to view research reports from multiple platforms
Why it’s great:
IRP will provide a centralized platform for both researchers and approvers to access and perform their job in an interactive and engaging way.  

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Matthias Kraaz
Matthias has been in the customer communication space for many years and is currently looking after all the technical operations of GMC in Asia Pacific.  
LinkedIn
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Kelvin Huang
Working as a Presales Manager in GMC for 2 years, Kelvin specializes in web and mobile communication and is equipped with years of experiences in financial industry.
LinkedIn

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Intuition Intelligence’s end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.

Features:
    • Brings a huge volume of offers from Open-coupon Networks
    • Solve Pains: Volume, Velocity, Variety, Vicinity, Visibility & Value
    • Win-win ecosystem for the Bank, Merchants and Customers
Why it’s great: By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre-and post-login.  

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Arif Ansari
Keynote Speaker for Big Data and predictive analytics, expert in multiple areas of advanced intelligent systems and multiple patent holder.





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Yusuf Ansari
Entrepreneur with track record of achieving #1 market share, visionary in building iconic products and hands-on execution and product management.
LinkedIn


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KlickEx is the world’s most advanced multi-currency payments network – active in 8 countries, SWIFT and UNDP funded – and Asia’s top-ranked Mobile Money platform deployment.
Features:
    • Completed solution to distributed/”crypto”-currency value destruction
    • No need to dis-intermediate Central Banks or regulators
    • Implemented, asset-based store of value – full USD alternative

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Rob Bell
Rob and his award winning team turned the SWIFT and UNCDP funded, World Bank ranked, Pacific inter-bank payment network, into Asia’s top rated mobile money platform in 3 years. Ex HSBC, Stanford, NZX.
LinkedIn

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Brett Waterson
Brett is the multi-award winning architect behind many global trading and banking systems, including the NZ Police Database, and all four NZ bank credit card loyalty programs – and of course, KlickEx.
LinkedIn

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Mambu helps banks, microfinance institutions and financial innovators deliver banking services to individuals and emerging enterprises around the world.
Features:
    • Makes state-of-the-art banking technology accessible to all
    • Eliminates the costs and complexities of traditional core banking
    • Helps financial organisations get new products to market, fast
Why it’s great:
Mambu’s cloud-first Software-as-a-Service solution enables financial organizations of all sizes to rapidly deliver state-of-the-art banking services  

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David Hamilton, president of Mambu

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Eugene Danilkis, CEO and co-founder of Mambu
LinkedIn

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Payoneer simplifies global commerce by providing companies and businesses of all sizes with an innovative, convenient and cost effective solution to send and receive funds worldwide.
Features:
    • Global corporates can transfer funds to over 200 countries and more than 50 currencies 
    • Funds can be received on prepaid cards, local bank accounts, or even local e-wallets 
Why it’s great:
In a borderless world, Payoneer helps SMBs and professionals get paid with minimal friction and the convenience of choosing their preferred financial instrument.

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Oded Zehavi
As CRO, Zehavi is responsible for Payoneer’s sales, marketing and product activities. Prior to joining Payoneer, he served as business development director for PayPal.

TSYSLogoHiRes.jpgTSYSAuthorization Controls allows the a user to set one’s own default account parameters and authorization rules.
Features:
    • Spatiotemporal locks allow user to geo-fence their location
    • Authorization Rules allow you to define spend limits for defined cycles
    • Authorization actions the user to Alert, Decline or Pre-authorize
Why it’s great:
TSYS Authorization Controls reduce risk to the card issuer, merchant and consumer by monitoring transactions in real-time and enforcing responsible spending at the POS.  

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Paul Bridgewater
As Group Executive of Global Product, Paul is responsible for product strategy, product delivery, product marketing and TSYS Innovation across the company. 
LinkedIn

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Chris Colson
As the director of innovation for TSYS, Chris is an 18-year veteran of the payments and financial services industry, having previously served as vice president, product management, of Equifax.  

For more information about how to join us in Singapore, visit our FinovateAsia 2013 page here.

CurrencyFair Raises $2.5 Million from Frontline Ventures

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The $2.5 million investment, which includes participation from angel investors along with Frontline Ventures, brings CurrencyFair’s total capital to $4.8 million.

CurrencyFair co-founder and managing director, Brett Meyers said, “We allow our customers to take control of how they transfer their funds and save them money at the same time … (T)he investment will provide us with the opportunity to increase our awareness amongst our potential customer base and further develop and enhance our platform …”

CurrencyFair has processed more than £500 million since the service was launched in 2010. Enabling individuals to conduct currency exchange with each other, rather than involving a costly “middleman”, CurrencyFair estimates that it has saved consumers £20 million in bank fees and exchange costs.

 
       

“A customer and an investor” is how Frontline Ventures characterized its relationship with the P2P currency exchange specialist in a tweet on Friday. Said Frontline Ventures partner, Will Prendergast, “We found the offering so compelling that we moved to an investment and are excited about the future of this company.”
CurrencyFair is headquartered in Dublin, Ireland, and won “Best of Show” at FinovateAsia 2012. The company was last on the Finovate stage in February, presenting their iPhone app. See the demo here.

Finovate Alumni News– November 4, 2013

  • Thumbnail image for Finovate-F-Logo.jpgAlly Bank integrates Fiserv’s Popmoney into its set of mobile payment options.
  • Collaboration between Meniga and Promsvyazbank (PSB) brings custom-designed PFM solutions to Russian market.
  • Cardlytics announces launch of advertising platform with Lloyd’s Bank in the UK.
  • Betterment upgrades its iPhone app, launches new Android app.
  • Prosper reports $50 Million in Loan Originations in October.
  • Crowd Valley partners with BancBox, CrowdBouncer to Support Online Funding Markets.
  • Lighter Capital launches $15k Dreamforce giveaway.
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.

Moven Focuses on Security, Enhanced Update Accuracy in New iOS App

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“Safer and surer” may be the easiest way to describe the pair of new features coming to Moven.

“Safer” by way of new security measures that allow users to suspend and unsuspend an account via smartphone in case of card loss or theft. And “surer” courtesy of more accurate, real-time spending updates to make it easier to manage personal finances.

The new features will be available on Moven’s new iOS app due out this week.

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More than a mobile debit account, Moven’s technology provides consumers with instant insight into their spending behavior, including real-time purchase updates and analysis. The company recently made headlines with the announcement of a strategic partnership with Russian venture capital firm, Life.SREDA, as well as news of a deal with mobile payments company, Payveris. Read our coverage here.
Moven was last on the Finovate stage in May as part of the spring show in San Francisco. See the company’s demo here.

Finovate Alumni News– October 31, 2013

  • Finovate-F-Logo.jpgIntuit to acquire FullSlate, an online scheduling company.
  • Boku partners with PassportParking, enabling consumers to pay for parking using their mobile number, and billed to carrier billing statement.
  • American Banker comments on the savings strategies of SaveUp, Betterment’s ImpulseSave, and Social Money.
  • FIS study reports: Customer engagement in real-time payments requires mobility and convenience.
  • CurrencyFair featured in prime time on Irish television news.
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.

FinovateAsia 2013 Demo Companies Bring Global Innovation to Singapore

FinovateAsia is typically our most globally diverse show, and this year is no different. Two weeks from now, we will showcase 37 demos from companies spanning the globe that are innovating in everything from remittance to small business tools to back office solutions and much more. 

Given that diversity, we thought it would be fun put together a map showing the geographic spread of the demoing companies that will take the stage (click the map to enlarge).

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Here’s the breakdown of the number of companies from each region:

  • Asia: 12
  • Europe: 11
  • North America: 9
  • Africa: 1
  • Oceania: 2
  • Middle East: 2

To refresh your memory, the list of the companies that we’ve hand-picked to show off their new technology at the Max Atria @ Singapore Expo on November 14, include:

  • Advanced Merchant Payments
  • App Annie
  • Arkalogic
  • ArthaYantra
  • Backbase
  • BehavioSec
  • BlueKite
  • BRIDGEi2i
  • CustomerXPs Software
  • DragonWealth
  • GMC Software Technologies
  • i-exceed
  • IND Group
  • Intuition Intelligence
  • KlickEx
  • Kofax
  • LifePAD
  • Luminous
  • Mambu
  • Matchi
  • Mistral Mobile
  • Mobexo
  • Mobino
  • Pangea
  • Payoneer
  • Pixeliris
  • Red Zebra
  • SaaS Markets
  • Serverside
  • Smart Engine
  • TIBCO
  • Tootpay
  • TradeNet
  • TSYS
  • White Label Personal Clouds
  • Yodlee

To see live demos of the new technology, meet the entrepreneurs responsible, and network with others in the industry, get your ticket to FinovateAsia here. If you have questions about the show, check out who is attending or email asia@finovate.com.

Finovate Alumni News– October 30, 2013

  • Finovate-F-Logo.jpgPayments News reports: PayPal Launches Startup Blueprint Program.
  • miiCard’s new directory API powers member lookup services to easily confirm ID and expand confidence online.
  • EyeVerify featured in local broadcast on Kansas City’s tech community.
  • GoBank, Moven, and Simple highlighted in Bank Marketing Strategy column on simplicity and bank product proliferation.
  • TradeKing CEO Don Montanaro weighs in on the SEC’s crowdfunding approval announcement.
  • Check releases version 6.26 of their money management app for Android.
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– October 29, 2013

  • Finovate-F-Logo.jpgPayfone Brings in $10 Million from Early Warning Systems.
  • Promsvyazbank in Russia Launches PFM-Service, Powered by Meniga.
  • Payments Source: Fiserv Makes a Payments Play for Small Businesses.
  • FinovateAsia 2013 Sneak Peek: Part 3 is up.
  • Trejdify publishes an introduction to Quantopian.
  • GMC Software Technology opens office in Australia. Join them in Singapore next month for FinovateAsia 2013.
  • For the third consecutive year Deloitte nominates Trustly as 1 of Sweden’s Tech Fast 50 companies.
  • Pennsylvania’s Customers Bank embraces mobile bill pay via Mitek-powered PicturePay.
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.

Monday Fintech Four

image Editor’s note: This was supposed to be the Friday Fintech Four, which is much better alliteration. But alas, it didn’t get published, so here’s the belated Monday version.

<drum roll> Here are the four most surprising fintech developments of the past week (in no particular order):

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One: Stealthy mobile payment startup Clinkle hires long-time CFO of Netflix, Barry McCarthy, as its COO
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image McCarthy was CFO from 1999 to 2010, taking Netflix public in 2003, then overseeing its finances as a public company for seven years. It’s pretty unusual for a big-name public company exec to take on an exec role at a startup, especially one in mobile payments. And one that hasn’t even officially launched yet to boot. McCarthy is on the board of three startups: Chegg, Eventbrite and Wealthfront, a startup in the investment space.
    >> LinkedIn profile of McCarthy
    >> A nice overview of the news at TechCrunch 
    >> An interview with McCarthy at AllThings D

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Two: New mobile PFM, Level Money, beats Square Cash to #1 in iOS app store (finance)
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image As soon as Square launched its P2P payments app, Square Cash, it quickly rocketed to number two in the Finance section of the iPhone app store (see Chart 1 below) and number 55 across all free apps in all categories. But it never got higher, and a week later it’s hanging in at number 11.

The reason it missed the top slot? Another newcomer, Level Money, a great-looking new PFM, was being featured by Apple in the App Store and maintained the top ranking during that period (see Chart 2). During its time as a promoted app, Level Money maintained a top-20 ranking among all 500,000+ free apps (see Chart 3).

    >> Netbanker post on Square Cash
    >> Distimo app rankings for Square Cash (see following chart)

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Chart 1: Square Cash app ranking in Free Finance in Apple App Store

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Chart 2: Level Money app ranking in Free Finance in Apple App Store

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Chart 3: Level Money ranking among all free apps in the Apple App Store

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Three: Amex customers have put $1 billion into its Bluebird prepaid card
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At this year’s SourceMedia Payments Forum, American Express revealed key metrics about its highly touted Bluebird prepaid program sold in Walmart stores:

  • 1 million new accounts
  • $1 billion in total loads
  • Average load of $1,000 per account
  • 87% of accounts new to Amex
  • 53% over age 35

Thanks to the attendees who tweeted the metrics @leimer (Bradly Leimer) and @JimMarous among others.

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Four: Four fintech startups snapped up last week
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Compared to other tech sectors, fintech has experienced less M&A activity in the past few years. Everything moves a little slower in a highly regulated, fraud-magnet segment. Buying fintech is not like bolting on a photosharing app. That said, it was a busy past 10 days on the M&A front:

  • Betterment buys ImpulseSave to boost its auto-savings features (Finovate post)
  • UK’s FundingCircle buys Endurance Lending to enter U.S. market (Techcrunch)
  • Blackhawk acquires Intelispend (Digital Transactions)
  • Wonga buys Germany’s BillPay to expand outside United Kingdom (Techcrunch)

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Photo credit: Fab Festival

FinovateAsia 2013 Sneak Peek: Part 3

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Still just getting to know the companies that will be presenting at FinovateAsia 2013 in November? Here are another five fintech innovators scheduled to take the stage next month in Singapore.

And if you missed the previous two installments of our Sneak Peek preview, check out the links below.

FinovateAsia 2013 Sneak Peek: Part 2

FinovateAsia 2013 Sneak Peek: Part 1

Our final event of 2013 is only a few weeks away. For more information about how to join us in Singapore, visit our FinovateAsia 2013 page here.
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Arkalogic’s latest innovation, Moneta, enables customers to have a seamless and secure payment system that caters to their key daily transaction needs, in one platform.
Features:
  • Mobile payments and banking platform
  • Seamless and secure transaction experience
  • Comprehensive end-to-end solution for cashless transactions
Why its great:
Transactions and life should be simple and secure. Always. With Arkalogic’s latest innovation, Moneta, it’s as if carrying your ATM and wallet in your mobile device.
Aryo Karbhawomo
Visionary Entrepreneur, Founder and CEO, Arkalogic
PhD in Computer Science, University of California, Berkeley

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John Subroto Chard (pictured)
Strategy & Finance Advisor, Arkalogic
MBA, New York University. Expertise in corporate development, start-ups and corporate strategy. Previously with McKinsey.
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BRIDGEi2i Analytics Solutions‘ cloud-based application, Surveyi2i, enables business users to unearth hidden patterns and share holistic insights from survey data in just a few clicks.
Features:
  • Zero in to key insights in matter of hours
  • Single tool for analyzing both quantitative and unstructured textual inputs
  • Design, automate and share dashboards without a single line of script
Why it’s great:
It makes the process of analyzing survey data incredibly faster, easier and cheaper.

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Prithvijit Roy
CEO and Co-founder, Bridgei2i
Known among the pioneers of the analytics industry in India, Prithvijit has experience building and leading large scale analytics centers for Hewlett-Packard and GENPACT.

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Pritam Kanti Paul
Business Analytics Entrepreneur, Bridgei2i
Known as an innovative thinker, Pritam has led development and implementation of several high impact and cutting edge analytical solutions for Hewlett-Packard and General Electric.
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Luminous is the ultimate financial innovations company with visionary products that are breakthrough in sheer simplicity.
Features:
  • Electronic safety deposit box
  • Banking customers can upload, sort and store personal and business documents
  • Ability to back up and save the most recent version of important documents
Why it’s great:
Banking customers can upload, sort and store personal and business documents.
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Warren Bond
CEO, Luminous

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Andrew Teversham 
Chief Technology Officer, Luminous
Andrew heads up the development and implementation teams at Luminous and has gained extensive experience with SAP implementations over a number of years.
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Matchi is a global community innovation platform for the banking industry that offers market ready innovations from across the globe.
Features:
  • Unprecedented collaboration opportunities for banks
  • Marketing platform for innovators to showcase their innovations to banks
  • A go-to-destination for market-ready, banking innovations online
Why it’s great:
An innovation matchmaking site for banks globally

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Paul Steenkamp
Head of Innovation, First National Bank

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Warren Bond
CEO, Matchi
Warren is constantly looking for new ideas and ways to drive innovation and change in the banking industry.

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Gerrit Hoekstra
CTO, Matchi 
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Mobino aims to enable mobile payments for 5 billion people. The company was founded by J.F. Groff, one of the creators of Web technology.
Features:
  • Total independence from credit cards and telcos
  • Local and international payments, in-shop, peer-to-peer and e-commerce
  • Universal access from smartphones and dumbphones
Why it’s great:
Banked or unbanked, online or offline, privately or for business, Mobino lets everybody move money simply and efficiently.

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Jean-Francois Groff
CEO, Mobino
Jean-Francois was one of the architects of the Web firm CERN. Mobino, his fourth startup, is guided by a lifelong passion: making technology serve humanity, not vice versa.
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Be sure to catch the fourth installment of our Sneak Peek preview of FinovateAsia 2013 next week.