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Payoneer announces partnership with Quantum Solutions.
As we return to the United Kingdom for our fourth Finovate event in London, is there any surprise that “mobile” is the most dominant theme going into this year’s show?
Startups and established veterans alike are putting more emphasis into building features, functionality, and user interfaces with a “mobile first” perspective. This is enabling a generation of consumers to make payments, manage their finances and investments, and even get a loan wherever they are, without needing to rely on transportation or the tether of a power cord.
Meanwhile banks and financial institutions are exploring the mobile channel as a way to improve customer on-boarding, both in and outside of the branch.
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FinovateEurope 2014 is officially less than one month away. We will be returning to Old Billingsgate Market Hall in London for our fourth event in Europe and are excited to see and share the variety of fintech innovation our presenters will have on display. Get your ticket here today and see all 66 demos live.
Our Sneak Peek series is designed to help you get to know a little bit about each of our presenters ahead of time. If you’ve missed any of our earlier installments, take a look at FinovateEurope 2014 Sneak Peeks 1-3 below.
And now, meet another six companies who will be demoing next month at FinovateEurope 2014.
IT Sector presents a new approach to sales. Enable your commercial team to plan and close deals while on the road, with less effort, more results, and satisfaction from customers.
Nous operates a free, day-trading simulator app which collects real-time predictions blended to generate a financial sentiment feed to help you predict the markets.
Pixeliris’ CopSonic enables contactless sonic and ultrasonic communication between smart devices and mobile payment and passwordless authentication available on phones and smartphones.
Temenos Treasury Management Dashboard App enables the transformation of treasury operations with a dynamic dashboard user interface accessible on a tablet device.
Topicus Financial focuses on business lending value chain integration with innovative web-based technology.
Yseop is natural language generation software based on artificial intelligence that boosts sales productivity and turns each financial advisor into an expert without additional training.
Mortgage banking can be a profitable segment, but shrinking margins, competitive pricing strategies, and lower volumes, it can just as easily be ruthless.
Keith Kelly Mortgage Harmony CEO, Is working on changing this. We caught up with him last week to chat about the recent partnership with Pentagon Federal Credit Union.
The 1.2 million-member-strong credit union opted to white-label the platform for its users, calling it a One Click Rate Reset Protection.
To check out the user experience for ourselves, Kelly provided us with a link to a test environment (click here to access). Here is what it looked like after we logged in to the “GTE Financial” test environment:
The system shows us the details of our current mortgage, along with what it will look like after the rate is reset.
After opting to reset the loan, the customer is prompted to sign the new document using DocuSign:
Once the signature is confirmed, the site notifies the consumer that the process was successful and informs them when the new rate will take effect.
The Virginia-based company has been busy after the successful implementation of the One-Click Rate Change product with PenFed.
What’s next?
When asked what is next for Mortgage Harmony, CEO Kelly replied that the company is working on a product for auto loans, and plans to go live with the new product with an existing partner this year. What’s more, the company is in the middle of a funding round, which it hopes to close later this year. Check out it’s AngelList site here.
Watch Mortgage Harmony’s demo of its HarmonyLoan product that it debuted at FinovateSpring 2013.
Entrepreneurial Finance Lab uses psychometric test to stop loan defaulters.
Acculynk announces patent for PIN based, online authentication.ID Analytics names George Gelly Chief Product Officer.
To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we’ve compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.
Below, you’ll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:
The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.
Features:
The ability to hold multi-currency balances in an ewallet Faster international payments Delivered though our upgraded intuitive interface
Why it’s great:
Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.
Mike Laven, CEO
Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years
LinkedIn
Richard Bastin, CTO
With a lifelong passion for technology, Richard has been leading technology departments for over ten years
LinkedIn
ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.
Features:
Why it’s great:
Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention.
Kestutis Gardžiulis, CEO
Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator.
LinkedIn
Asta Sabaite, Head of Marketing
Asta’s broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client’s needs.
LinkedIn
Feedzai provides payment fraud prevention at Big Data scale.
Stay tuned over the next few weeks for more in our Sneak Peek series.
For a fintech company to succeed outside of the digital realm in the physical world of print is not an easy feat. It makes sense, however, that a company with as much spunk as LearnVest has been able to make a splash with a book.
Alexa Von Tobel, LearnVest Founder and CEO, has been a rising star in the personal finance realm lately. The New York-based CEO released her own book, Financially Fearless, at the end of last year, and it has recently been listed as the #5 New York Times Best Sellers list in the category of Advice, How-to, and Miscellaneous.
Additionally, it reached:
Readers who forward their book receipt to fearless@learnvest.com can receive a little extra motivation:
To learn more about LearnVest, check out its FinovateFall 2013 demo, where it debuted its Action Program.
Alright digital banking fans (note 1), it’s that time of year again for our annual look-back at the previous year, along with a fearless forecast for the rest of the decade and beyond.
The report, Digital Banking Forecast: 2014 to 2023, includes our take on future U.S. household penetration levels of online banking, mobile banking and billpay. While online banking has been relatively flat, with low-single-digit growth, mobile has exploded, expanding ten-fold in the past 5 years and now reaching about one-third of U.S. households. We are four or five years away from the tipping point where more households bank via smartphone than by desktop.
It also includes a revised 10-year forecast for U.S. peer-to-peer lending. After growing almost eight-fold in the past two years, we expect continued strong growth of 30% compounded annual through 2023. And with the expected blockbuster IPO of Lending Club (note 2), the area will receive a LOT of attention in the press this year.
Finally, we update our list of top-10 project priorities for 2014.
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Top developments of 2013
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The report includes a summary of the top-10 developments during the year (in alphabetic order):
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New entrants into the OBR Hall of Fame
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Each year we rank the top online/mobile innovations of all time (North America). A total of 50 achievements are listed from 51 companies:
Two new entrants were added this year:
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About the report
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Digital Banking (Online/Mobile) Forecast (link)
The next 10 years: 2014 through 2023Author: Jim Bruene, Editor & Founder
Published: 9 Jan 2014
Length: 36 pages, 29 tables, 13,500 words
Cost: No extra charge to OBR subscribers, US$495 for others here
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Report excerpts:
Left: GoBank and Moven set the mobile bar high
Right: 10-year P2P lending forecast
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Notes:
1. Can we agree that “digital banking” equals online and/or mobile banking?
2. Lending Club could be the biggest fintech startup IPO of all time.
And you thought the stock market had a great 2013.
Online investment manageme service Wealthfront announced this week that it now manages more than $538 million in assets. Given that the company began 2013 with assets under management of approximately $100 million, it is no exaggeration to say that Wealthfront is doing a strong job of attracting investors looking for alternatives to traditional financial advisory.
Wealthfront credits its rapid growth on two factors: the rise of passive investing and the entry of the millennial generation into their investing years.
