This post is a part of our live coverage of FinovateEurope 2013.
debuted its Tereon
"Tereon was developed for, and proven at scale by, an African bank.
Tereon is a complete payment ecosystem that can use EMV, operate a closed loop, or support interoperability. It provides flexible instruction processing, and can use existing core systems and settlement processes, for a secure, end-to-end, business process.
It provides payment service providers with a powerful toolkit for rapid innovation to create stream-of-payment services.
All Tereon services meet stringent standards for regulatory compliance and security. We will demonstrate a four-party deployment, supporting payments from phone to phone, phone to card terminal, card to terminal and online."
Product Launch: February 2013
HQ: London, UK
Metrics: Self-funded to date. Still small with <10 staff
Presenting Lars Davies (CEO) and Alun Thomas (Head of Business Development)
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
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
(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 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
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 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 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
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'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
Click above for video archives of all demos.
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