Month: February 2015

LifePay Presents its mPOS, EMV, Chip and Pin Technology for SMEs

By David Penn Posted on
Categories: FinovateEurope 2015, LifePay

LifePay_logo_high-res2.jpgThis post is part of our live coverage of FinovateEurope 2015.

LifePay is the largest mPOS EMV chip-and-pin company in Russia specializing in payments technology for SMEs.

We created LifePay to merge all of our products into one ecosystem that will support B2B and B2C financial services through the entire customer journey for both merchants and individuals.

LifePay is rolling out business solutions to new markets in Asia and Europe, including:

  • mPOS
  • Cash Register with LifePad and MDM system
  • Merchant portal with CRM and sales analytics
  • Online acquiring
  • Credits for merchants
  • POS credits for individuals

 

Presenters: CMO Anna Yanchevskaya; Vlad Pyatak, manager of special events; Anna Filatova, marketing specialist

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Product launch: January 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions
HQ: Moscow, Russia
Metrics: 15,000 merchants; 1,500+ active merchants; 500,000+ end users; $2+ million monthly payment volume

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TransferTo’s Remittance Service Enables the Sender to Know How the Money is Spent

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, TransferTo

TransferToLogo2.jpgThis post is part of our live coverage of FinovateEurope 2015.

TransferTo showed how its Prepaid Electricity Remittance gives the sender more control over how recipients spend their money.

A major and recurring issue with money remittance is the sender not knowing how their money is spent.

TransferTo has developed a new service to overcome this problem whereby the sender can remit value for a specific purpose. We call it Value Remittance. TransferTo works directly with service providers to enable remote payment for services such as utilities, petrol, healthcare, school tuition, groceries, etc.

A great example of this is the Prepaid Electricity in Indonesia. Indonesian migrant workers in the Middle East send millions of rupees back to their families. Instead of sending money, TransferTo enables them to remotely top up the Prepaid Electricity meter of their loved ones back home.

 

Presenters: CEO Eric Barbier, and EVP Charles Damen, global business development

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Product distribution strategy: Direct to Business (B2B)

HQ: San Francisco, California, U.S.A.
Founded: 2005

Website: transfer-to.com
Twitter: @TransferTo

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Jumio’s Netverify Makes Mobile Account Opening Easy

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Jumio

JumioLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Jumio showed how Netverify makes it quick and easy for customers to open new accounts on their mobile device.

Jumio’s Netverify turns your customer’s mobile device into an ID-document-scanning terminal that instantly sees, scans, and extracts name and date of birth, and if present, address data. The data is instantly and neatly populated into the account-opening fields, making it quicker and easier for customers to complete applications.

Jumio also authenticates the ID document by determining that it is a bonafide, non-manipulated, and legitimate government-issued ID.
 
Account opening can be completed instantly so that customer sign-up momentum is not broken when a customer is asked to provide physical copies of ID documents.

 

Presenters: David Pope, marketing director, and John McIntosh, sales engineer
 
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Product launch: 2012

Metrics: 300+ employees; $60 million raised; half of the top-10 consumer internet companies along with hundreds of other retailers, financial institutions, marketplaces, gaming companies and more have adopted Jumio products and services

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Palo Alto, California, U.S.A.
Founded: 2010

Website: jumio.com
Twitter: @jumio

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Yoyo’s Mobile Payments App Rewards Customers While Providing Retailers with Analytics

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Yoyo

YoyoLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.
 

Yoyo showed how its mobile payments app rewards consumers and offers retailers added benefits.

Yoyo integrates into the retailer’s till system and uses a unique QR code for each transaction, which is scanned at the point of sale. For consumers, it’s a quick and easy way to pay and get rewarded. For retailers, Yoyo provides a set of tools which enables them to better target their customers with relevant rewards, offers, and incentives.

We recently launched V3 of the Yoyo app, and we are constantly introducing new product features. Most recent additions include social gifting, digitalized receipts, and card to mobile.

Presenter: Co-founder Michael Rolph, COO
 
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Product launch: V1 app launched January 2014, V3 launched September 2014

Metrics: $5M seed funding raised to date, 25 employees, around 15,000 registered users since launch in January 2014, currently processing 80,000 transactions a month

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: London, United Kingdom
Founded: May 2013

Website: justyoyo.com
Twitter: @justyoyo

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KPAX Provides Strategic Automated Regression Testing and Reconciliation for Financial Services Businesses

By David Penn Posted on
Categories: FinovateEurope 2015, KPAX

KPAX_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Developed over a period of seven years, KPAX helps data users in financial services better manage and process data.

KPAX is a powerful tool developed for strategic automated regression testing and reconciliations for financial services as well as data users in other sectors. KPAX automatically runs comparisons between data sets, thereby removing manual processing and providing an advance in the speed and quality of data.

KPAX can be installed as a virtual machine, on servers, or via the cloud.

Presenters: CEO Jean-Luc Nicoue, and Aurelie Ahade, business development consultant
 
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Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Brussels, Belgium
Metrics: Self-funded; 10 employees; clients include some of the largest financial services institutions around the world
Website: kpaxweb.com

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AdviceGames Uses Gamification to Help Users Budget for their Mortgage

By Julie Muhn (@julieschicktanz) Posted on
Categories: AdviceGames, FinovateEurope 2015

AdviceGamesLogo.jpg

This post is part of our live coverage of FinovateEurope 2015.
 
AdviceGames unveiled its Risk Game to help users budget better for their mortgage:

The Risk Game teaches the players how to budget more wisely. The starting point is the Financial Health Score (FHS), an index of a consumer’s financial health. The FHS determines the starting level in the game and drives the routing.

Players can use their earned points for saving and protecting themselves against unexpected events. Real life comes in when the players receive tips and see their FHS adjusted in their bank account based on their real behavior. The objective of the game is to activate people to better budget and therefore be able to pay their mortgage installments, reducing the risk for the bank.

 

Presenters Diederick van Thiel, CEO & Founder, and Rosali Steenkamer, COO & Founder
 
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Product Launch: March 2015
Metrics: Privately owned, 15 employees, 7 customers, broke even in 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed
HQ: Hilversum, The Netherlands

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Smart eMoney Presents LockByMobile to Stop Credit Card and ATM Security Breaches

By David Penn Posted on
Categories: FinovateEurope 2015, Smart e-Money

Smart_eMoney_logo_high-res.jpgThis post is part of our live coverage of FinvoateEurope 2015.

The team from Smart eMoney is on its way to the stage with its anti-fraud security solution, LockbyMobile.

To address the potential breach in credit card or ATM security, LockByMobile provides an additional security layer for cardholder accounts such as credit, debit, ATM and prepaid card, or even electronic wallets. It empowers cardholders to take control by “locking and unlocking” their accounts in real time using their mobile phone.

The service offers granual settings such as locking specific channels (point of sale, online, mobile, or ATM), or transaction settings (amount and merchant types), as well as limiting the transactions to certain countries and currencies.

LockByMobile’s concept comes from the Lock/Unlock feature of Smart Money, winner of the ‘Best Mobile Security Feature’ award, November 2009, GSMA in Barcelona.

Presenters: Angelito Villanueva, VP & head of innovation, and Guillaume Danielou, senior product manager 

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Product launch: October 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Manila, Philippines
Metrics: 217 employees
Twitter: @LockbyMobile

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Xignite Introduces its FactSet Fundamentals API

By David Penn Posted on
Categories: FinovateEurope 2015, Xignite

Xignite_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Xignite, launching its FactSet Fundamentals API.

Xignite FactSet Fundamentals is the first RESTbased API to provide accurate and trusted historical financials, fundamentals, earnings and more across more than 170 global exchanges. Users can retrieve financial statement data for quarterly, semi-annual, annual, and restated filings for companies across North America, LATAM, EMEA, and APAC, In addition, users can retrieve daily-calculated fundamentals, based on FactSet financial statement data, from P/E ratios and market caps, to 60-month betas, and 200-day moving averages, and more.

Presenter: Stephane Dubois, CEO & founder

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Product launch: February 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), partnerships with fintech and financial services companies
HQ: San Mateo, California
Metrics: 1,000+ customers; 100+ APIs, 100+ data sources, $20 million raised; 20 billion API calls per month
Website: xignite.com
Twitter: @xignite

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Mistral Mobile Unveils m-Aegis, a Multi-Factor Integrity Solution for Mobile Apps

By David Penn Posted on
Categories: FinovateEurope 2015, Mistral Mobile

MistralMobile_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Making its way to the stage is the team from Mistral Mobile launching their mobile, multifactor integrity solution, m-Aegis.
m-Aegis is the only multi-factor, telco-independent, integrity solution for mobile applications requiring high-confidence device and user binding. The mobile phone is increasingly used for handling critical information and transactions. With the explosion of such usage comes risk. Can financial service providers be confident that their communications channel or mobile application has not been tampered with? With m-Aegis, Mistral Mobile provides the tools to bind mobile users to respective financial services using multiple factors. The result is increased system integrity and ultimately the security of your customer’s information and transactions.
Presenters: CEO Ludwig Schulze, and CTO Timo Tervo 
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Product launch: February 2015 at FinovateEurope
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed.
HQ: Oulu, Finland and New York, New York, U.S.A.
Metrics: 15+ employees
Twitter: @MistralMobile

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Fiserv’s Mobiliti Increases Users’ Control of Mobile Banking through Unique Features

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Fiserv

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This post is part of our live coverage of FinovateEurope 2015.
 
Fiserv showed how Mobiliti gives the customer more control and transparency.
Fiserv is demonstrating what the next generation digital banking interactions will look like, with a heavy focus on the payments-user experience, coupled with value-added services related to the payment. Built on Fiserv’s world-leading Mobiliti platform, the demonstration will include:
• Augmented Reality
• Merchant Offers
• Integrated Payments
• Card Management
• Proactive Banking
The demonstration is geared towards the consumer and allowing them greater control and transparency over their spending and banking habits.
Presenters: Jonathan Atkinson, market development, digital channels and payments; Martyn Lock, sales executive, digital channels
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Product launch: September 2014
Metrics: $4.81 billion in revenue, 2013; publicly traded; 21,000 associates worldwide; 14,500 financial institutions and business clients worldwide
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Brookfield, Wisconsin, U.S.A.
Founded: July 1984
Website: fiserv.com
Twitter: @fiserv

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Revolut Presents its Personal Money Cloud Removes All Hidden Banking Costs

By David Penn Posted on
Categories: FinovateEurope 2015, Revolut

Revolut_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Revolut, with its personal money cloud.
Revolut allows you to exchange currencies at interbank rates, send them through social networks, and spend with a multi-currency card accepted anywhere. All is done with the touch of a button, through a beautiful mobile application. There are features that will blow your mind. Just one example: the ability to pay with bitcoins in any shop through the Revolut multi-currency card. And there are several others.
Presenters: Nikolay Storonsky, CEO & founder, and Vlad Yatsenko, CTO
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Product launch: January 2014
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, thorugh other fintech companies and platforms
HQ: London, United Kingdom
Metrics: We have ~6,000 users pre-subscribed for our beta launch, and have arranged nine deals with big-name companies (including MasterCard) for product implementation
Website: revolut.com
Twitter:

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mBank & i3D Present Their Interactive Digital Bank Branch

By David Penn Posted on
Categories: FinovateEurope 2015, mBank & i3D

mBank_i3D_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Pure-play Internet bank mBank and virtual reality innovator i3D have teamed up to demo their New Interactive Retail Branch Concept.
mBank and i3D have developed a digital branch with an interactive “art exhibition” experience using the best technology available—gigantic multi-touch screen, motion-sensing, and face recognition.
Presenters: Jacek Iljin, mBank’s managing director, sales and processes; Marcin Wisniewski,  i3D’s director, sales and marketing
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Product launch: November 2014
Product distribution strategy: Direct to Consumer (B2C)
HQ: Lodz, Poland, 9mBank; Gliwice, Poland, i3D
Metrics: mBank is the fourth largest Polish banking group with more than 4.6 million customers in PL, CZ, and SK; $400 million net income in 2013, and 6,000 FTE.
i3D is a world-class provider of advanced solutions for full reproduction of real world in virtual reality, including content development, VR software, equipment, and 3D image projection systems.
Website: mbank.pl & i3d.pl
Twitter: @mbankpl

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