Month: February 2014

MyOrder Delivers the Smartest Way to Spend, Connect, Shop, Browse and Have Fun

By David Penn Posted on
Categories: FinovateEurope 2014, MyOrder

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This post is part of our live coverage of FinovateEurope 2014.

Coming to the stage is the team from MyOrder.

“We are MyOrder. We empower and delight our customers by delivering confidence and convenience to their shopping experience.”
Presenting Gertjan Rösken (CTO) and Tamar Klein (Sales Manager)

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Product Launch: September 2013
Metrics: >200,000 downloads in the Netherlands; 11,000 merchant locations in the app
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), international distribution strategy through partners (FIs, other FinTech companies, etc.)
HQ: Groningen, Netherlands
Founded: 2008
Website: myorder.nl

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Fastacash Enables Value, Content Transfer via Social Networks

By David Penn Posted on
Categories: Fastacash, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

Headquarted in Singapore, here is our next presenter, fastacash.

“As a technology enabler, fastacash partners with companies and brands in the payments, remittance, consumer products, social, and gaming industries to bring its technology to end-users. The company recently launched its showcase service in the United Kingdom (international remittances from the UK to Kenya) through a partnership with VFX Financial. It also launched in Indonesia (domestic money transfers) in November, with partner, DOKU, a leading PSP. The company is preparing to launch in Russia with UNISTREAM.”
Presenting Vince Tallent (Chairman & CEO) and Gilberto Arredondo (Chief Commercial Officer)

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Product Launch: September 2013
Metrics: $4.5 million between Seed Round and Series A. 17 employees.
Product distribution strategy: Direct to Business to Consumer (B2B2C)
HQ: Singapore
Founded: April 2012
Website: fastacash.com
Twitter: @fastacash

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GMC Software Technology Launches its Inspire Mobile Onboarding Solution

By David Penn Posted on
Categories: FinovateEurope 2014, GMC Software Technology

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This post is part of our live coverage of FinovateEurope 2014.

Demoing GMC Inspire Mobile Onboarding, here is GMC Software Technology:

“GMC Inspire Mobile Onboarding is a game-changing innovation that allows banks to attract, retain, and grow customers through real-time, interactive communication.
This solution is specifically tailored for mobile customer engagement. With GMC Inspire Mobile Onboarding, banks empower their front line staff to easily create contracts based on customers’ needs and preferences that can be sent in real-time and browsed on any mobile device. This innovation enables customers to review contracts, make changes and use digital signature, hence simplifying the on boarding process, reducing drop-out, and increasing revenue.”
Presenting Antoine Hemon-Laurens (Mobile Products Marketing Manager) and Gary Jenkins (Product Manager)

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Product Launch: February 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Appenzell, Switzerland
Founded: 1994
Website: gmc.net
Twitter: @gmc_net

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Matchi’s Innovation Matchmaking Platform Opens Channels of Communications for Banks and Innovators

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

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Matchi debuted its platform that connects banks and innovators:
“Matchi is an Innovation Matchmaking platform for banks and innovators to establish collaborative relationships that deliver increased return on investment for innovators and banks alike. Matchi is here to open persuasive channels of communication so that both sides can benefit from the relationship.”

Additionally, Matchi announced today that it has signed a three year sponsorship deal for Spain with CaixaBank.

Presenting David Milligan (CEO) and Gerrit Hoekstra (CTO)

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Product Launch: November 2013
Metrics: Privately owned company with 10-50 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Hong Kong, China
Founded: 2013
Website: matchi.biz
Twitter: @matchibiz

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AnalytixInsight Launches its Financial Research Portal, Capital Cube

By David Penn Posted on
Categories: AnalytixInsight, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

Next up to the stage is AnalytixInsight, demoing its online financial research and content portal, Capital Cube.

“AnalytixInsight and CapitalCube launches their newest product – Fundamental ETF analysis. The ETF analysis provides unique fundamental research of an ETF based on the analysis and risk assessment of the daily changing underlying compositions. This enables investors to easily discern the fundamental risk and characteristics of each ETF, especially with respect to other ETF alternatives available to them. The service is intended to address the till-now unmet need of fundamental analysis of each ETF globally.”
Presenting Chaith Kondragunta (CEO)

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Product Launch: February 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: New York, NY, USA
Founded: June 2010
Twitter: @capitalcube

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Red Zebra Analytics’ Bank Offers Tool Benefits Consumers, Merchants, and Retail Banks

By David Penn Posted on
Categories: FinovateEurope 2014, Red Zebra

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This post is part of our live coverage of FinovateEurope 2014.

Demoing their Bank Offers Tool, here is the team from Red Zebra Analytics.

“Red Zebra Analytics is a company that has created a new type of loyalty program. An online and mobile offers platform for banks, it allows merchants to place targeted offers on the online banking experience, also accessible through mobile devices. The product is first launched in 2014 with Wuestenrot Bank AG Pfandbriefbank, Ludwigsburg, Germany.”
Presenting Attul Sehgal (CEO) and Ina Meixner (Marketing Manager, Europe)

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Product Launch: January 2014
Metrics: Money raised: £1.6 million, employees: 10
Product distribution strategy: Through financial institutions
HQ: London, UK
Founded: August 2011

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Atsora Introduces Momentum to Help Move SMEs to the Bank 3.0 World

By David Penn Posted on
Categories: Atsora, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

Our next innovator is Atsora from Warsaw, Poland.

“Momentum is a software placed between SME and Bank. One, integrated online and mobile application is used of planning business models and monitoring the cash flow and growth based on financial data. Users can easily share selected information with the Bank in order to get tailor-made offers and on-time support. The SME receives a complimentary set of functionality helping with cash flow and business model planning, cost optimization, and client profitability management. 
Everything seamlessly integrates with bank accounts, providing a real-time view on business. The Bank in turn gets better insight and can deliver the products exactly as needed. We support all phases of the SME lifecycle in order to improve cross selling and proactively manage retention.”
Presenting Krzysztof Pulkiewicz (CTO) and Anna Ciesielska (COO)

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Product Launch: December 2013
Metrics: Less than 10 employees; backed up by VC
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Warsaw, Poland
Founded: December 2013
Website: atsora.com
Twitter: @AtsoraTeam

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Jumio’s Netverify and Netswipe Solutions Help Reduce Security Woes

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

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Starting off the second session today, Jumio demonstrated how two solutions: Netverify and Netswipe offer increased security:
“Netverify offers real-time ID verification of passports, driver licenses, government issued ID cards, utility bills, insurance cards, and bank statements. This cutting edge technology is used by financial institutions, e-tailers, and consumer marketplaces to meet know-your-customer industry regulations, reduce fraud and chargeback costs in purchase transactions, and enhance trust and safety in online communities.
Netswipe supports real-time credit card scanning and validation in online and mobile checkouts. By eliminating the need to have consumers engage in laborious and error-prone key entry, our clients enjoy higher transaction completion rates, increased revenue, and reduced fraud and chargeback.”
Presenting David Pope (Marketing Director EMEA) and John McIntosh (Sales Engineer) 

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Product Launch: 2012
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Palo Alto, CA, USA
Founded: 2010
Website: jumio.com 
Twitter: @jumio

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Momentum’s Money Hub Puts the Consumer at the Center of their Financial World

By David Penn Posted on
Categories: FinovateEurope 2014, Momentum

This post is part of our live coverage of FinovateEurope 2014.

Our final demonstration before the morning break features Momentum (FKA YourWealth).

“Money Hub technology is one of the world’s most powerful personal finance tools and is available via mobile, tablet, and desktop devices. It brings together a user’s entire financial world and incorporates the ability to aggregate accounts, budget, track and plan scenarios for the future as well as access to financial products and advice.
Money Hub gives users total control, allowing them to connect directly with a product provider or financial advisor and select which areas of their financial universe they wish to share with them. We believe Money Hub will revolutionize the world of personal finance.”
Presenting Toby Hughes (CEO) and Dave Tonge (CTO)
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Product Launch: July 2013
Metrics: Blue Speck Financial owns and operates Momentum, and currently employs 18 people. We completed a round of angel funding in February 2013. Momentum has serviced more than half a million users since soft launch in 2013.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, licensed
HQ: Bristol, UK
Founded: January 2011

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Kofax’s Mobile Capture Technology Unlocks Many Opportunities to Banks

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

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Then, Kofax demonstrated how its mobile capture technology can be used for everything from account opening to check depositing:
“Kofax is demonstrating how banks can enable customers’ mobile phones to capture documents in support of the onboarding and check deposit process. Customers are prompted to take a picture of a document and submit information, which is automatically extracted, validated for accuracy, and then utilized in the decision process. Kofax® is demonstrating how to engage the customer via the mobile device and allow the customer the ability to interact to open a new account, apply for loans, and deposit cheques with the snap of a photo.”
Presenting Drew Hyatt, SVP Mobile Applications

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Product Launch: February 2014
Metrics: Subsidiaries in 30 countries, >1,200 employees, 800+ channel partners, products available in 70+ countries, 20,000+ customers, London Stock Exchange & NASDAQ: KFX, $266.3M in revenue, $46.3M adjusted EBITA, $93.4M cash
HQ: Irvine, CA, USA
Founded: 1985
Website: kofax.com
Twitter: @Kofax

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AdviceGames Launches Virtual Guardian Angel Platform to Give Banks, Insurers, and IFAs Tools to Serve the Market

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

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Next up, AdviceGames debuted a Virtual Guardian Angel for financial advisors:
“AdviceGames develops the World’s first Virtual Guardian (Advisors) Angel, namely – an intelligent Financial Experience Cloud Platform (FECP). This platform offers two high end services which gives Banks, Insurers and IFAs the tools they require to once again successfully serve these markets. 
Firstly it offers the World’s first academic and interactive omnichannel performance monitor – the NIFA (National Index for Financial Advice) Suite. Secondly the VGA offers an online loyalty store, which provides a cloud-based angel offering designed to improve consumer experience leading to breakthrough customer loyalty.”
Presenting Diederick Van Thiel (CEO) and Rosali Steenkamer (COO)

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Product Launch: February 11, 2014
Metrics: In 2013 we sold eyeOpen to Aegon/Transamerica. The buyout fee is being invested into AdviceGames to develop the virtual guardian angel for the Dutch, UK and US markets. We run offices in Amsterdam, London and San Francisco
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Amsterdam, The Netherlands
Founded: December 24, 2013

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EXCESS RETURN Launches its Next Generation Investment Tool, SCREENER/REPORT

By David Penn Posted on
Categories: EXCESS RETURN, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

Our next innovator is EXCESS RETURN with their investment innovation SCREENER/REPORT.

“EXCESS RETURN develops next generation investment tools for the financial community. SCREENER/REPORT is an automatic tool that brings an immediate and crystal clear diagnosis of a trading opportunity.
SCREENER – Open the trading ideas box. Find the most promising stocks thanks to our SCREENER mode.
REPORT – Buy? Hold? Sell? Easy to use decision tool, our REPORT module.”
Presenting Frederic Lieferinckx (Founder) and Erik Laeremans (Web Designer & Developer)

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Product Launch: February 2014
Metrics: Company Ownership: private, self-funded; Employees: 2 founders (financial analysts) and 3 IT engineers. To date, we’ve contracted large accounts (online brokers, banks, and media groups) and hundreds of thousands of users use our applications. EXCESS RETURN is targeting a total revenue of €2.5 million for 2014. The company didn’t raise any money yet and the shareholders are still the same (the 2 founders).
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Brussels, Belgium
Founded: October 2011
Website: xsreturn.com

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