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Alumni News-- August 29, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl to provide real-time news and data analytics courtesy of new partnership with Marketware International.
  • Diebold brings deposit automation and cash recycling services to consumers and FIs in Brazil. See Diebold at FinovateFall in September.
  • Dwolla makes MassPay official, offers a simpler experience with increased stability, improved reporting, and increased transactions per batch.
  • PYMNTS talks with SumUp CEO Daniel Klein, to understand how it views innovation in the mPOS space.
  • PayPal launches tool, PayPal Demo, to help developers show merchants the difference between different PayPal payment options.
  • CNBC's National Business Report interviews Scott Goldman, CEO of TextPower.
  • American Banker profiles FinovateSpring 2014 Best of Show winner, Stockpile.
  • CNET takes a look at Lending Club in the wake of the company's IPO filing.
    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-F-Logo.jpg
    • Expensify's new mobile release now lets you use the Wingman feature on your phone.
    • InComm launches mobile platform for mobile wallet providers and merchants.
    • Heckyl opens for business in London.
    • Cortera launches new receivables management tool, Cortera Open Receivables.
    • Pymnts.com interviews Chris Larsen on how Ripple Labs simplifies B2B payments.
    • Wallaby Financial teams up with CreditCards.com to launch WalletUp.
    • FutureAdvisor raises more than $15 million; seeks to grow team.
    • Fiserv to participate in University of Connecticut Business School's Financial Accelerator Program.
    • Credit Sesame earns spot on the 2014 Red Herring Top 100 Most Promising Companies list for North America.
    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-- March 17, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgrplan announces new "simple, transparent" charging structure.
    • Crypt.la lists its top 10 most interesting Ripple protocol services.
    • Tech Cocktail Austin interviews Dwolla COO, Charise Flynn.
    • SmartAsset launches Retirement Planning Tool, Announces 40% Month-Over-Month Growth.
    • The Tally focuses on India-based Heckyl Technologies.
    • Zopa embraces ThoughtWorks technology to improve data analysis capability.
    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.
    FinovateFundingIMG.jpg
    Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.

    2013 funding summary:
      • 62 companies raised $825 million
      • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
      • October was the busiest month, with $177 million raised (mostly Xero's $150 million)
      • May was second highest with $91 million raised by 7 companies
    2012 comparison
    Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.

    2013YearEndTable.jpg
    Quarter 1 -- blog post
    More than $155 million raised by 14 companies

    January -- $57 million raised by 6 companies
    February -- $56 million raised by 5 companies
    March -- $42 million raised by 4 companies

    Quarter 2 -- blog post
    More than $205 million raised by 15 companies

    June -- $81.7 million raised by 6 companies
    May -- $91.5 million raised by 7 companies
    April -- $32 million raised by 2 companies

    Quarter 3 -- blog post
    More than $171 million raised by 22 companies

    July -- More than $63 million raised by 8 companies
    August -- More than $26 million raised by 6 companies
    September -- $82 million raised by 9 companies

    Quarter 4
    More than $294 million raised by 17 companies

    October-- $177 raised by 6 companies
    November -- More than $87 million raised by 7 companies
    December -- More than $30 million raised by 6 companies


    Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

    Finovate Alumni News-- December 12, 2013

    • Thumbnail image for Finovate-F-Logo.jpgMasterCard collaborates with Samsung, Commonwealth Bank of Australia to enable contactless payments via NFC.
    • Heckyl Technologies announces more than $3.5 million raised in Series B funding.
    • NetBanker: Mobile payments specialist Loop raises $10 million in Series A round.
    • Striata announced as a finalist in the Best Use of Technology category at 2013 Debt Collection Awards.
    • miiCard to help power ID verification for myrentalcv's tenant screening platform.
    • Updated Advisor Pages platform from BrightScope drops charge for online profile maintenance.
    • Mitek and Kony collaborate to Deliver Mobile Photo Bill Pay With Mitek MiSnap Automatic Image Capture.
    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.
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    In a round led by IDG Ventures India, Heckyl Technologies raised more than $3.5 million in new capital. Also participating in the round were Seedfund Advisors, a previous investor, and angel investor, Rajiv Dalal. The company's total funding now stands at $4.75 million.

    Heckyl Technologies provides real-time financial information and analytics for researchers, traders, and investors. Their platform includes news, market, sentiment, and predictive data analysis, covering more than 35,000 companies and more than 3,500 non-listed entities around the world.

    Heckyl_homepage.jpg

    The company made headlines earlier this year for taking first place at the UK Trade & Investment contest in June. Heckyl also was named the fastest growing enterprise startup in the Indian brokerage industry.

    Founded in 2010, Heckyl Technologies demoed its FIND 2.0 (Financial In News & Data) technology at FinovateEurope 2013. See the company in action here.

    Finovate Alumni News-- November 27, 2013

    • Thumbnail image for Finovate-F-Logo.jpgHeckyl Technologies featured in Startup Innovation.
    • U.S. Bank's Mitek-powered Mobile Photo Bill Pay wins Best Technology Initiative in Banking award.
    • Independent Research Group names Cardlytics a Best in Class Provider in 4 categories of card loyalty technology report.
    • Ally Bank adds Fiserv's Popmoney to power recurring funds transfers on its mobile app.
    • PayPal now accepts prepaid gift cards.
    • Mashable looks at HelloWallet as an easier way to save money.
    • The Wall Street Journal reports online advisers like Jemstep enhance free services.
    • Forbes features how Moven can be especially useful over the holidays.
    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.

    As we prepare to bring FinovateAsia to Singapore November 14, we researched the funding of six Asia-based companies who demoed at FinovateAsia last year. Combined, these companies raised more than $215 million from a variety of investors:

    BankBazaar, a credit processing platform that allows banks to offer consumers 7-minute credit eApproval on retail credit products.
    CustomerXPs creates technology that proactively senses cross-sell, attrition, customer engagement and fraud in real-time.
    DemystData enables real-time analysis of big data from consumers and SMBs, allowing for improved interactions as a result of richer, more relevant information. 
      • Venture Round: undisclosed amount from VentureLab
      • Series A: undisclosed amount from Accion and Arbor Ventures
      • FinovateAsia 2012 demo
    Heckyl provides real-time financial information, news analytics, trend matrix, and heat maps for coverage of markets, companies, and businesses. 
    TradeHero, a virtual trading community where the system models trades and ranks trader performance by proven returns on investment.
    Wipro, an information technology, consulting, and outsourcing company that delivers solutions to enable its clients to do business better.
      • Total of $205 million from cMango, Gallagher Financial Systems, Science Applications International Corp., and Promax Application Group
      • FinovateAsia 2012 demo

    The funding for these companies comes from a diverse set of investors, many of whom are based in Asia. Janus recently published a piece outlining venture funding options available to Singapore companies. For the most part, Singapore's equity financing scene is quite similar to the U.S., but there are a few significant differences:

      • The VC scene in Singapore is small compared to the U.S. and Europe
      • Singapore's government actively pursues VC firms to invest in Singapore startups and entices them with tax and other monetary benefits
      • There are more than 100 VC firms in the city today
      • Many VC firms in Singapore focus on late-stage expansion financing, but some offer financing for early-stage startups
      • Types of VC firms in Singapore range from independent limited partnership to corporate-backed firms
      • Singapore VCs are attracted to services, manufacturing and the high-tech industry

    At this year's FinovateAsia, while not all demoing companies are looking for funding, each will show up to the MAX Atria @ Singapore Expo stage with their newest technology. Want to learn more? Check out FinovateAsia homepage or get your ticket here to be a part of the event.

    Finovate Alumni News-- June 14, 2013

    • Nomis Solutions wins patent for price sensitivity models.
    • Billeo announces acquisition of ecommerce platform, Swag.io.
    • Encap earns seven-figure investment from ProVenture Seed.
    • Money Marketing considers Narrative Science, Quantopian, Moven, MoneyDesktop and Jemstep.
    • Zopa named Most Trusted Loans Provider at the Moneywise Customer Service Awards 2013.
    • CU Broadcast interviews MoneyDesktop's Bret Skousen.
    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-- May 13, 2013

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl Technologies named fastest growing enterprise startup in Indian brokerage industry.
    • InvestorPlace interviews Flint Mobile CEO and co-founder, Greg Goldfarb.
    • EyeVerify raises $2.3 million in Series A round. See them demo at FinovateSpring in San Francisco this week.
    • Advanced Trading takes a look at Quantopian and the rise of the new quants. Meet them at FinovateSpring.
    • FIS to provide core banking, back-office processing support to UK-based Sainsbury's Bank.
    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.
    This post is a part of our live coverage of FinovateEurope 2013.
    HeckylHiResLogo.jpg

    As we move toward the end of the first afternoon session, Heckyl Technologies is about to take the stage:

    "Heckyl FIND 2.0 (Financial In News & Data) is a real-time news and data analytic platform for retail traders and brokerages.

    FIND gets integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment, and market data to help traders find the trading opportunities in this fast moving market.

    FIND helps you explore new ideas and keep pulse on the current business events/issues. Whether you are a short-term trader, investor, or fund manager, and whether you prefer equities, forex, or commodities, you will find a wealth of information that matters to 'you' streaming at your fingertips.

    FIND is for retail traders like Bloomberg and Thomson Reuters are for institutions."

    Platform Launched: January 2013

    HQ Location: India
    Company Founded: December 2010
    Website: heckyl.com
    Twitter: @iTrake

    Presenting Mukund Mudras (Co-Founder) and Som Sagar (Co-Founder)
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    Finovate Alumni News-- February 4, 2013

    • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Economist highlights TransferWise. See them demo at FinovateEurope next week.
    • Strategic Shopping blog, November Sunflower, features Jingit.
    • Top Technology News takes a look at the Flint mobile payment system.
    • Linkable Networks now offers deals at Lunds and Byerly's Minnesota Grocery stores.
    • Virtual Piggy opens London office. Come watch its live demo at FinovateEurope next week.
    • Xero's Report Packs go live for Australian partners.
    • Bloomberg looks at how StockTwits is adjusting to Twitter changes.
    • eToro updates Trader for iOS to allow for native and social registration.
    • SMC Securities, Global Capital to integrate Heckyl Technologies platform. See them demo next week at FinovateEurope.
    • Finovate Alumni abound in Payment Source's list of 11 major mergers in payments technology.
    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.

    FinovateEurope 2013 Sneak Peek: Part 2

    FEU13Logo.jpg
    Here's part 2 of the sneak peek of the companies that will demo at FinovateEurope on February 12 and 13 in London. 

    Each company provided a short summary of the innovation they will debut on stage. We published 27 last week and we will complete the preview next week.

    Don't miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateEurope ticket here.

    ______________________________________________

    Backbase

    Thumbnail image for BackbaseLogo.jpg
    Digital Marketing professionals can use Backbase purely for digital marketing purposes: e.g. collecting user behavior and running campaigns in specific sections of existing websites and platforms, then assigning certain areas where Backbase collects data and shows campaigns.

    With Backbase you can now start small. Just embed in your existing site and expand from there, creating a full cross-device user experience platform.

    Innovation type: Marketing, mobile, online

    heckylLogo.jpg
    Heckyl FIND (Financial In News & Data) is real time news and data analytics platform for retail traders and brokerages.

    FIND is integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment and market data to help traders find trading opportunities in this fast moving market.

    FIND helps you explore new ideas and keep pulse on current business events/issues.  Whether you are a short term trader, investor, or fund manager - whether you prefer equities, futures and options, forex or commodities - you will find a wealth of information that matters to you streaming at your fingertips.

    Innovation type: Investing & asset management, online

    Holvi

    Thumbnail image for HolviLogo.jpg
    Holvi is the long tail of retail banking. It changes the whole concept of the bank account from a passive utility to an active enabler of any activity. Out-of-the-box Holvi comes with built-in payment acceptance, tools for financial understanding and the ability to share it with a group. We bring in building blocks from our banking and payments partners that our customers can add to their Holvi accounts.

    Holvi is used by small businesses, non-profit organisations, projects and individuals. Holvi is regulated by the FIN-FSA and is located in Finland. Holvi is launching Europe-wide in 2013.

    Innovation type: Online, payments small business

    Kalypton

    Kalypton_hi-res_tereon.jpg
    Point solutions for payments? Why limit yourself? Proven at scale in Africa, Tereon is a complete payments ecosystem and toolkit designed to support rapid innovation.

    With Tereon, you can implement any number of innovative products and payment services, be they point solutions or new networks. You can support any business logic, and you can use existing core systems and settlement processes to provide secure, inter-operable, account-to-account, payments that meet stringent regulatory standards.

    We will demonstrate a four-party deployment that supports payments from phone to phone, phone to card terminal, card to terminal and on-line in multiple currencies.

    Innovation type: Banking

    Metaforic

    MetaforicLogo.jpg
    Metaforic has a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.

    For financial institutions that have a lot of mobile developments underway, Metaforic technology can be integrated with existing developments at the end of the software development lifecycle. This technology is an automatic process not requiring significant developer time or security expertise.

    Innovation type: Security

    Pockets United

    Thumbnail image for PocketsUnitedLogo.jpg
    Pockets United occupies a hot space: carriers see their business threatened by all-encompasing data flats, while traditional banks and credit card companies see payment shifting to mobile devices - whose users are owned by the carriers, ultimately leaving both seeking for differentiators.

    BAM! 'Social' is the next big thing in mobile payments, yet it is not easy to implement for existing PSPs or banks. A category killer in this field must be social by design.

    Think of us as Paypal, just with a lot more pal - and get excited about a cutting-edge user experience that is fun to use day after day! Because, after all, dividing expenses should lower the burden for all, not cause additional effort for some.

    Innovation type: Mobile, payments, PFM

    rplan

    Thumbnail image for Thumbnail image for rplanHiLogo.jpg
    Investing can be time-consuming. rplan has created a simple, easy-to-use tool to create your own personal investment portfolio from over 2,400 available investments to find the ones best suited to you.

    rplan is for customers who want choice, but who don't want to become finance specialists just to manage their investments - because there are better things to do in life than researching mutual funds.

    Innovation type: Investing & asset management, online, PFM

    SumUp

    SumUp_hi-res-2.jpg
    SumUp's vision is to change commerce on a global scale starting with a real and existing payments problem.

    Today, millions of small businesses are missing out on customers because they cannot accept card payments due to high fees and long contract durations. SumUp offers the easiest way for small businesses to accept card payments. 

    Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.

    SumUp will demo a new cashless point-of-sale solution that will radically simplify the way people pay in every day life.

    Innovation type: Cards, mobile, payments, rewards

    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple and Jwaala's natural language search.
    • Metaforic extends its app protection system to be compatible with the upcoming BlackBerry 10 operating system.
    • Plastyc powers online banking and payments services for H&R Block, launches new white-label service.
    • Andera increases sales bookings by 59%, sees 5x increase in oFlows customers.
    • Cambodia's leading commercial bank adopts Temenos Group technology upgrade.
    • Fiserv completes acquisition of Open Solutions.
    • AppShopper features eDeposit's first mobile app.
    • Edelweiss Securities launches real time news terminal powered by Heckyl Technologies.
    • Google Analytics touts Kapitall's content experiments.
    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.
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Financial Brand investigates how Mitek's bill payment service can aid customer account switching.
    • ShopKeep POS partners with Griffin Technology to launch iPad POS system with a built-in magnetic card reader.
    • Fiserv selects Aconite's Smart EMV Manager solution to enhance EMV card processing systems.
    • LearnVest app reaches 100,000 downloads.
    • SEO-Cart integrates PayLeap from Acculynk Direct, a division of Acculynk.
    • Profile of Banno CEO in American Banker highlights recent partnership with ProfitStars.
    • Phillip Capital signs Heckyl Technologies to integrate News and Sentiment analytic platform.
    • CreditKarma, PayPal, Experian, Pageonce, and Manilla earn spots on Netbanker's top 50 iPhone and iPad finance apps.
    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.
    • Billcom adds open APIs to banking platform.
    • Blackhawk Network Announces New Financial Service Products in Canada.
    • Startup Central looks at Heckyl, Clari5 and BankBazaar at FinovateAsia.
    • VentureBeat considers SecondMarket's partnership with Angellist.
    • M.O. interviews Constancio Larguia, CEO & founder of Weemba.
    • SiliconBeat looks at Personal Capital's 401(k) product.
    • Kabbage Becomes Exclusive Funding Provider for Bonanza Sellers.
    • American Banker reports: Bill.com Ties Cash-Flow Tools to Banks' Small Business Software.
    • Finextra reports UBank gathers transaction data for spending comparison site.
    • ShopKeep POS announces entry into the quick serve market with full kitchen printing capabilities.
    • Mashable lists SimpleTuition, ReadyForZero, and Tuition.io as tools to help minimize student loan debt.
    • Capital Access Network moves Headquarters to NYC.
    • Crowdfund Insider reports SoMoLend Announces New York Expansion.
    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.
    heckylLogo.jpg
    Then, Heckyl showcased its FIND dashboard:

    "Heckyl is a real-time financial information platform connecting brokerages and traders. Heckyl provides real-time news analytics and sentiment mining dashboards that collect information from millions of trusted sources, including government websites, company filings, patent offices, high courts, twitter, etc.

    Heckyl FIND's dashboard is integrated with brokerages' trading terminals. This makes trading terminals immensely powerful as traders have access to real-time news analytics, sentiments, research ideas, economic events, rating updates, and results that are directly streamed into the trading terminals."

    Product Launch: March 2012

    HQ: Mumbai, India
    Founded: December 2010
    Website: Heckyl.com
    Finovate demo video: Demo videos will be posted next week

    Introducing Mukund Mudras (CEO & Co-Founder) and Som Sagar (Co-Founder)

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    FALogoSm.jpg
    For our first ever FinovateAsia conference, we've selected 36 leading innovators to take the stage in Singapore on November 6.

    Each company provided a sneak peek of what they'll demo next month. Below is the first installment of these teasers. We'll have more next week.

    Don't miss your chance to see the live demo from each company and be a part of our inaugural FinovateAsia conference. Get your ticket here.
    ____________________________________________________________________
    Thumbnail image for BankersLabLogo.jpg
    Airline pilots train in flight simulators, known to be one of the most effective training methods. After the financial crisis, isn't it about time your risk managers have access to the best training techniques?

    BankersLab offers training products designed to enhance a banker's ability to develop and test strategies in a range of real-world market conditions. Utilizing a blended learning model, BankersLab integrates numerical simulations, scenario games, the gamified classroom, and m-learning for optimal understanding and knowledge retention. 

    BankersLab's comprehensive suite of products suits all skill levels; ensuring your teams are the best trained in the industry.

    Innovation type: Cards, lending, payments

    BellaDatiLogo2.jpg
    BellaDati launches BellaDati agile analytics and reporting cloud tool for financial data analysis. 

    BellaDati reinvents the way business users can interact with data. BellaDati will introduce features like GEO analytics, mobile reporting BellaDati Piccolo or social network for business data analysis. All this topped with easy connectivity to various data sources. Stay tuned to the new wave of business analytics inspired by gorgeous Isola Bella island located close to the Sicilian coast. 

    Innovation type: Back office, mobile, sales

    EFLLogo3.jpg
    Bank lending to thin-and no-file small businesses in emerging markets is a billion dollar opportunity - yet traditional lending requirements make it inefficient and expensive. EFL's Credit Screening Tool, which uses non-traditional data such as psychometric principles that statistically relate entrepreneurial qualities such as intellect, business acumen, ethics, attitudes and beliefs to credit screening, makes lending scalable and profitable. 

    EFL will show how seamlessly its partners have integrated Credit Scoring Tool to their existing lending processes to increase their loan portfolios by over 100% and decrease defaults by over 40%.

    Innovation type: Banking, identity, lending

    fiserv.jpg
    Fiserv will demonstrate its world leading mobile banking platform - Mobiliti - used by over 1,000 banks and credit unions around the world. The focus on the demo will be on Mobiliti Reach - a product to help banks profit from servicing underbanked and unbanked market segments.

    Innovation type: Back office, mobile, payments

    HecklyLogo2.jpg
    Heckyl FIND is a simple and yet powerful platform which integrates real time news, analytic, and sentiment mining in your trading terminals.

    Heckyl FIND provides the first and a very powerful enterprise social trading terminal enabling your analyst to collaborate in real time with Traders, exchange great ideas, trading insights and empower your Traders with all the information to take the next action, here on Heckyl Dashboard.

    Heckyl FIND is exclusively for financial institutions, brokerages and the trading community to get access to real time trading ideas, research reports, economic alerts and much more.

    Innovation type: Investing, online UI, PFM

    InnovationAgencyLogo.jpg
    Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and 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. It has the ability to integrate with different systems and provide detailed reporting. Crowdsourcing and community collaboration are used to focus the attention on business objectives, enhanced through idea challenges.

    Innovation type: Banking, mobile, online

    MetaforicLogo.jpg
    Get peace of mind knowing that your company's financial mobile app is secure. Metaforic technology stops malware and hackers in their tracks. See live, an attempted malware attack on a mobile app and the technology that stops it.

    Innovation type: Security

    PerfectSenLogo.jpg
    With fewer people going to branches due to the convenience of internet, it weakens banks' ability to acquire, develop a face-to-face personal relationship and recommend relevant products to their customers. 

    Users are also spending very little time on internet banking due to a very transactional "touch-and-go" behavior. So how do you get the right customized products to the right customer at a time when they most need it?

    Innovation type: Marketing, PFM, rewards

    Thumbnail image for SandstoneLogo.jpg
    Sandstone will be showcasing its 'next generation' consumer banking solution combining internet and mobile banking, personal financial management and loan origination capabilities to form a powerful end-to-end customer acquisition and retention tool.

    Building on the "anytime, anywhere" capabilities of emerging tablet and smart phone platforms, Sandstone will show how consumers can interact with their bank for a range of integrated banking services.

    For example, we will demonstrate the customer's experience of finding and purchasing a new home, including property suggestions based on their savings, property selection, valuation, credit assessment and loan approval - all in real time from any device

    Innovation type: Lending, marketing, PFM

    Thumbnail image for strandsFinanceLogo.jpg
    Strands Finance is presenting new "What If" functionality that takes PFM historical data and makes it relevant for the future. Users will gain greater insight and control of their financial health with little to no effort. 

    For banks, the data is invaluable to better advise their customers. Strands has developed and leveraged pattern identification algorithms that help model future scenarios and the impact to the user's short-term cash flow to long-term net worth.

    Innovation type: Mobile, online, PFM

    TibcoLogo2.jpg
    The 21st century customer is all about the experience. 

    To be ahead of competition, retailers and banks need to drive revenue through new channels and differentiate themselves through unique customer experiences to build loyalty. With the combination of time, relevance, and behavior, TIBCO offers an integrated solution linking the end-users, retailers and banks - anytime, anywhere.

    Innovation type: Mobile, payments, rewards

    Thumbnail image for Thumbnail image for Thumbnail image for WiproLogo.jpg
    Wipro will debut its Wipro SmartOffers solution at FinovateAsia 2012. The innovation provides bank customers with Digital Offers which can be redeemed at merchants for availing benefits/discounts at the time of purchase. These offers may be merchant-or-bank-funded at the bank's preference. 

    The solution is different from the aggregator-centric models currently in practice in the market, championing the bank centric offer model. Wipro's solution gives the power back to the banks, by making them the center of the Digital Offers Universe. By making the entire offer landscape bank-centric, banks reap the benefits hereto left for aggregators.

    Innovation type: Banking, rewards

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