Year: 2014

Backbase’s Mobile Account Origination Module Creates a Seamless Mobile Enrollment Experience

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

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Next, Backbase demonstrated how it will cut back office processing time with its new mobile account origination and enrollment module:
“We are launching our new mobile origination and enrollment module at FinovateEurope 2014. With the strong mobile capabilities of the Backbase Platform and the growing digital marketing capabilities, we are now including an out-of-the-box tool for seamless mobile enrollment experiences.
The new key features are:
    • Complete mobile application development capabilities within Backbase
    • Out-of-the-box enrollment and origination capabilities to support the online application process including camera facilitated image matching for insurance claims and digital image ID authentication using driving licenses for example – all linked with the FI’s back-end system (STP), with campaign analytics to track and monitor the campaign’s results”
Presenting Jouk Pleiter (CEO & Co-Founder) and Jelmer de Jong (Global Head of Marketing)

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Product Launch: February 2014
Metrics: Privately funded, 150+ employees, offices in New York, Amsterdam, London, Singapore, and Moscow
Product distribution strategy: Through financial institutions, licensed 
HQ: Amsterdam, Netherlands
Founded: April 2003
Website: backbase.com 
Twitter: @backbase

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PhotoPay Cloud Simplifies Paper, PDF Bill Payment on Mobile Devices

By David Penn Posted on
Categories: FinovateEurope 2014, PhotoPay

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

Our next presenter is the team from PhotoPay, debuting PhotoPay Cloud:

“Send any kind of payment related document from your mobile device to PhotoPay Cloud service and it will automatically extract necessary payment data for very simple, one tap payment experience. PhotoPay Cloud will handle any type of bill or invoice customers can receive – photo of a paper bill, PDF document and other types of electronic documents.
“Besides simple payment, PhotoPay Cloud can archive documents for users and provide banks with a deeper understanding of customer financial behavior.
PhotoPay Cloud service can be integrated as a mobile banking feature or as a stand-along product. It can be used as a private, on premises installation or through a secure cloud API.”
Presenting Damir Sobol (Founder & CEO) and Jurica Cerovec (Lead Engineer)

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Product Launch: February 2014
Metrics: Self-financed, 8 employees, 8 bank customers in 5 countries
Product distribution strategy: Private cloud setup or secure cloud API, direct licensing, through other fintech companies and platforms
HQ: Zagreb, Croatia
Founded: April 2013
Website: photopay.net
Twitter: @photopay

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SecureSafe Emphasizes Connectivity, Security in Cloud Storage

By David Penn Posted on
Categories: FinovateEurope 2014, SecureSafe

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

Our next presenter is the team from SecureSafe, demoing their Swiss online storage that is as safe as a bank vault.

“The financial services ecosystem suffers from the fact that each service provider has its own portal through which data is delivered in a 1:1 fashion. SecureSafe presents a platform that connects banks, EAA, POA, FIM, SNE customers, and private customers. Documents can be sent from banks to professional partners such as EAA, which then can be shared with the assigned end customers. 
Metadata that is passed together with the documents allows for an improved experience and processing on all levels. Professional teams can seamlessly and securely work together with the high-privacy platform run in Switzerland.”
Presenting Tobias Christen (CEO and Co-Founder) and Tim Kahrmann (Head of Marketing)

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Product Launch: February 2014
Metrics: 500,000 registered users, 10 full time employees
Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Zurich, Switzerland
Founded: January 2008
Twitter: @SecureSafe

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Dynamics Launches Its Open Loop and Closed Loop Cards

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

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Second up at this session, Dynamics launched its new hardware and software technology, Open Loop and Closed Loop:
Its new technology eradicates credit interchange for merchants while increasing interchange revenue for FIs. End customers can earn rewards by making regular purchases. Can run network and non-network contactless payments.
The new cards have increased security by embedding the EMV chips into the card.
Presenting Jeff Mullen (CEO) and George Schmelzel (Chief Payments Officer) 
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Product Launch: February 2014
HQ: Pittsburgh, PA, USA
Founded: November 2007
Twitter: @dynamicsinc

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CRIF Debuts its Mobile Lending Platform that Adapts to Any Business, Regulation, or Country Requirement

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

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Starting off the second session today, CRIF showed how its mobile lending platform can keep institutions compliant:
“CRIF’s innovation combines lending via mobile devices with agile, business user-friendly technology to ensure business KPIs are met during the sales phase of the lending process. The demo shows new releases of CRIF Credit Framework’s technology, which is a Smart Process Application platform built specifically for the credit and lending space that is extremely adaptable to any business, compliance regulation, and country requirement. 
It consists of modular decision management, process management, and business intelligence products used to develop smart, dynamic applications for credit, risk management, and lending. Flexibility along with control and analytical features allow our customers to be faster, better, and more efficient.”
Presenting Aldo Bruschi (VP Global Decisioning Bus. Dev. & Delivery), Sheila Donohue (Product Marketing Manager), and Gabriele Graziani (Application Analyst) 

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Product Launch: Q1 2014
Metrics: $380 revenue (FY 2012), 1,500 employees, customers in 43 countries, credit bureau solutions in 15 countries, over 30M credit applications and collection cases processed in the cloud, lending and decision management solutions in 22 countries
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Bologna, Italy
Founded: 1988
Website: crif.com 

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EZBOB Debuts its New Proprietary Business Lending Platform

By David Penn Posted on
Categories: EZBOB, FinovateEurope 2014

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

Making their way to the stage now is EZBOB, a web-based, fully-automated lending platform for SMEs.

“EZBOB’s lending platform was initially designed to provide an automated funding solution for online retailers, such as people operating online shops on eBay, Amazon, or those using PayPal.
“At Finovate EZBOB is launching their new proprietary platform (EZ10.1), which allows for any of the 5 million SMEs in the UK to apply online in minutes and find out how much funding is available to them.
“Now, all business applicants will enjoy EZBOB’s USP, which is a short online application with an automated lending decision and instant funding of up to 50,000 pounds.”

Presenting Nimrod Kaplan (COO) and Tomer Guriel (CEO & Co-Founder)

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Product Launch: February 11, 2014

Metrics: £6 million raised, 15 employees
Product Distribution Strategy: Direct to Business (B2B)
HQ: London, UK
Founded: November 2011
Website: ezbob.com

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Fiserv Debuts New Version of Its Mobile & Tablet Banking Platform, Mobiliti

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

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Next, Fiserv showed off what is new on its Mobiliti mobile and tablet banking platform:
“We are demonstrating the next version of Mobiliti – our flagship mobile and tablet banking platform, with a focus on its completeness, intuitive design and disruptive capabilities.”
Presenting Jonathan Atkinson (Solution Consultant, Digital Channels) and Denis Zelenskiy (Sales Executive, Digital Channels)

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Product Launch: 2014
Metrics: More than $4.5B in revenue from digital banking and payments.  The world’s leading provider of online, tablet and mobile banking solutions, and white-labeled bill presentment, payment and P2P solutions.
Product distribution strategy: Direct to Business (B2B), reaching consumers through financial institutions (licensed or SaaS)
HQ: Brookfield, WI, USA
Founded: 1984
Website: fiserv.com
Twitter: @Fiserv

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Topicus Finan Presents its Self Service Business Lending Solution

By David Penn Posted on
Categories: FinovateEurope 2014, Topicus

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

The team from Topicus Finan is on stage right now, ready to demo Finan Financials.

“Self service for business lending as a service extension to face-to-face advice is something that modern clients expect from a bank. We are demonstrating the impact of self-service. The entrepreneur has the option of working with what-if scenarios to assess the financial impact of his investment in real time. A key aspect is that the entrepreneur is not aware of typical banking complexities. Instead, communication is centered on concepts he understands, like the cost of a new machine and turnover growth.”
Presenting Michiel Schipper (CEO) and Jamie Burink (Senior Consultant Innovative Banking)


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Product Launch: Finan Financials has been available since Q3 2012 and in use by banks and hundreds of accountants. The release of the software, announced in Q4 2013, includes a new portal for entrepreneurs with dash boarding and powerful, yet fun to use what-if scenarios.
Metrics: Estimated turnover in 2013 of Topicus Finan is €4.1 million with an average of 42 full-time employees, 52 current full time employees at the end of 2013. Estimated turnover of the entire Topicus group is €40 million with an average of 380 full time employees, 420 full time employees at Topicus in 2014. Topicus is wholly owned and financed by its founders and current board members.
Product Distribution Strategy: Direct to Business (B2B)
HQ: Zwolle, Netherlands
Founded: December 1993
Twitter: @TopicusFinan

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ETRONIKA Debuts BANKTRON Multi-Channel Partnership Ecosystem

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

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Then, ETRONIKA demonstrated its multi-channel partnership ecosystem within BANKTRON:
“BANKTRON introduces a brand new approach to the customer. By combining banking and partners, data analysis, personalization, loyalty, and even fraud prevention, we have laid a whole new ground for better customer interaction and value added product offering. BANKTRON enables the bank to provide personalized, tailored services to the customer via multiple channels, much attention drawn to the mobile. 
Our flagship product BANKTRON is enriched with data analysis, fraud prevention engines, and a customer loyalty platform, which increases customer engagement and eases the determination of a full customer’s profile based on behavioral patterns. Providing tailored marketing campaigns and enhancing fraud prevention – a way to retain a satisfied customer.”
Presenting Kęstutis Gardžiulis (CEO) and Asta Sabaitė (Head of Marketing) 

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Product Launch: Q2 2014
Metrics: 70 employees, self funded
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Vilnius, Lithuania
Founded: 2000
Website: etronika.com  
Twitter: @EtronikaTweets

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Kown’s New Platform Matches People with Investing Opportunities Based on Their Interests

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

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Kown launched its platform that matches people with relevant investing opportunities:
“Kown provides an alternative for the traditional savings account. We match people with investing opportunities based on their interests, risk-graph and investment focus.”
Presenting Alexander Dresen (CEO) and Ilya Rudometov (CTO)

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Product Launch: February 2014
Metrics: 4,100 users of which 900 are accredited investors
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: London, UK
Founded: June 2013
Website: kown.co
Twitter: @kownco

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CurrencyTransfer Launches its FX Price Feed Aggregator for SMEs

By David Penn Posted on
Categories: CurrencyTransfer, FinovateEurope 2014

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

Our next innovator is CurrencyTransfer, developer of technologies to make it easier for small and medium sized businesses to operate internationally.

“FX price feed aggregator and execution platform that takes the technology blue chip treasurers take for granted, and makes it accessible to the masses. We offer a price feed aggregation solution to problems SMEs trading internationally face, including: outdated phone based comparison, experiencing ‘honeymoon rates’ & dreadfully expensive bank foreign exchange rates. 
Our goal is to create efficiency & total price transparency in an expensive, and opaque international money transfer industry. Version 1 features include: bidding platform, trade execution, multi broker registration & post trade history.”
Presenting Daniel Abrahams (Co-Founder & Head of Partnerships) and Steven Litobac (Co-Founder & Head of Product)

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Product Launch: February 2014
Metrics: Public launch of CurrencyTransfer.com at Finovate, office in London & Tel Aviv; 7 employees
HQ: London, UK
Founded: December 2013
Twitter: @currencytransfr

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SaaS Markets Helps FIs Build, Brand and Launch Their Own App Stores

By David Penn Posted on
Categories: FinovateEurope 2014, SaaS Markets

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

Making their way to the stage is the team from SaaS Markets with their Enterprise Cloud Marketplace Platform for financial companies.

“Saas Markets’ MarketMaker platform allows financial companies to deploy a fully branded cloud marketplace containing proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications, plus other cloud products and services – all in one convenient marketplace for your employees or business customers.”
Presenting Ferdi Roberts (CEO & Founder) and Jay Manciocchi (Director of Marketing)

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Product Launch: November 2013
Metrics: $3.5 million private funding, 20+ employees in USA and Europe, confidential revenues, but fully profitable.
Product Distribution Strategy: Direct to Business (B2B), through financial institutions
HQ: San Mateo, CA, USA
Founded: November 2011
Twitter: @SaaSMarkets

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