Author: David Penn

FinovateAsia Sneak Peek: Arival Bank

FinovateAsia Sneak Peek: Arival Bank
By David Penn Posted on
Categories: Arival Bank, FinovateAsia 2018, FinovateAsia 2018 Sneak Peek

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Arival is the first digital fintech bank for SMEs. Arival partners with some of the best names in fintech to deliver awesome products tailored for businesses. Arival makes running a business easy.

Features

  • Supports 100% online business account opening from any part of the world
  • Provides access to digital banking products handpicked for SMEs
  • Integrates the best fintechs to create an amazing banking experience

Why it’s great
Imagine if all your favorite fintechs existed inside your bank and you never had to go searching for another financial product or service again.

Presenters

Jeremy Berger, Chief Operating Officer
Berger is a young entrepreneur with big dreams. Driven by resilience and an insatiable desire to create a legacy, Berger is on a mission to help businesses discover the new world of digital banking.
LinkedIn

 

Igor Pesin, Co-Founder and CFO
Pesin is a Partner at Life.SREDA (Singapore), one of the first fintech-only VC funds in SE Asia with a portfolio of 25+ fintech startups. Pesin co-founded Arival, the first fintech bank for businesses.
LinkedIn

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FinovateAsia Sneak Peek: RISQ

FinovateAsia Sneak Peek: RISQ
By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, RISQ

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

RISQ empowers corporate banking divisions with a solution that combines an efficient platform with intelligence, data integration, and AI, presented in a radically intuitive user experience.

Features

  • Manages complex credit decisions with ease
  • Offers integrated analytics and AI components to support the process
  • Integrates “out of the box” with multiple external data repositories

Why it’s great
RISQ | Corporate Lending powered by CRIF puts business banking users in the driving seat, giving them 360-degree visibility of every credit decision in real-time.

Presenters

Michael Jesse, CEO
Jesse has met with over 150 banks in 35+ countries as part of various management roles. This unique insight was channeled into RISQ to create a radically new approach in financial software.
LinkedIn

 

Ozan Vakar, CTO
Vakar, being an entrepreneur for 25+ years in the financial services industry, has the unique capability to transform a business requirement into a software solution exceeding clients’ expectations.
LinkedIn

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FinovateAsia Sneak Peek: CASHOFF

FinovateAsia Sneak Peek: CASHOFF
By David Penn Posted on
Categories: CASHOFF, FinovateAsia 2018, FinovateAsia 2018 Sneak Peek

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Inspired by creating real value for banks’ customers, CASHOFF delivers strongly differentiated loyalty programs and tools to enhance the user experience with a granular approach based on transaction data.

Features

  • AI-powered cashback to banks’ customers by big-name brands
  • Comprehensive transaction data collection, enrichment and in-depth analysis
  • White label tools and gamification to amplify engagement

Why it’s great
Emerged consumer behavior patterns enable the anticipation of customers’ needs. Thus banks win increased loyalty, transactional activity, a tool for selling banking products, and new revenue streams.

Presenters

Billy Leung, Director
Leung is the director with extensive international expertise in digital banking and finance. He is also an entrepreneur having started his first business at the age of eight.
LinkedIn

 

Justin Lai, Sales and Marketing Director
With more than eight years of experience in Business Development and Advertising, Lai has a strong network for banks and brands. He currently oversees marketing strategy and business development for APAC.
LinkedIn

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FinovateAsia Sneak Peek: Siam Commercial Bank

FinovateAsia Sneak Peek: Siam Commercial Bank
By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Siam Commercial Bank

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

SCB is Thailand’s first bank, established in 1906 under the Royal Charter. With the continual pursuit of technological innovation, SCB’s vision is to be serving as “The Most Admired Bank” by 2020.

Features

Business account opening for any juristic customer:

  • No document required
  • Only one signature
  • Realtime activation

Why it’s great
Once and done.

Presenters

Arthit Sriumporn, SVP, Business Platform
Sriumporn is a banker with a passion to make a difference focusing on customer experience. He strongly believes in providing the best in class products and services to the customer.
LinkedIn

 

Piyachat Kunthachaem, Business Platform Officer
Kunthachaem’s endeavor and passion to give the best experience to business customers has lead her to build an innovative customer onboarding platform.
LinkedIn

 

Sukanya Bowornsettanan, Project Manager, Transformation
Bowornsettanan is responsible for the change management strategy for StartBiz. The seamless project execution is based on her cross-functional knowledge from various sectors and passion of living “digital.”
LinkedIn

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Finovate Alumni News

By David Penn Posted on
Categories: Arival Bank, Avaloq, Baker Hill, CallVU, Capsilon, CASHOFF, identitii, iSignthis, Jack Henry, Jumio, NICE Systems, PayStand, RISQ, SecureSafe, Siam Commercial Bank, Socure, Think Analytics, Tinkoff Bank

On Finovate.com

Around the web

  • iSignthis announces its Tier 1 JCB card acquiring service is now live in the EU/EEA.
  • CallVU to provide advanced biometric authentication technology to international credit card provider.
  • Jumio reports sales growth of 130% year over year for the first three quarters of 2018.
  • Capsilon teams up with Home Point Financial to streamline loan process.
  • The latest upgrade of SecureSafe features desktop encryption. In German.
  • NICE Actimize launches X-Sight, a financial crime risk management platform-as-a-service solution.
  • Alloy and Socure partner to automate digital identity verification and onboarding for financial institutions.
  • PayStand expands operations to Mexico, forms regional partnership with StartupGDL.
  • Tinkoff Bank adds 26 new currencies for its Black Card customers.
  • Identitii launches Overlay+ to enable Know Your Transaction. 
  • Jack Henry & Associates acquires BOLTS Technologies for its digital account opening solution.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Global: Fintech News from Around the World

By David Penn Posted on
Categories: ACI Worldwide, ayondo, Corezoid, Daon, Finovate Global, Kinetica, Nubank, Payfone, Ripple, Sberbank, Temenos

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Asia-Pacific

  • MoneyTap, DLT-based payment app developed by SBI and Ripple goes live in Japan.
  • Indonesia’s biggest telecommunications company, Telkomsel, picks Kinetica to support its accelerated analytics, location-based visualization and AI.
  • Ayondo expands B2B offering in Asia with a new white label deal.
  • First Circle, a lending platform for SMEs based in the Philippines, has raised $26 million in new funding.

Sub-Saharan Africa

  • Daon Inks Deal with South Africa’s Capitec Bank.
  • Commercial Bank of Ethiopia deploys UP Retail Payments from ACI Worldwide.
  • Ivory Coast subsidiary of Togo-based Banque Atlantique goes live with Temenos’ T24 core banking system.

Central and Eastern Europe

  • Sberbank customers can now add “cash postcards” – automated images with sound – to their money transfers.
  • Payfone partners with Orange to fight identity fraud in four new global markets, including Poland and Romania.
  • Ukraine’s Akhmetov Bank leverages Corezoid’s cloud-based operating system.

Middle East and Northern Africa

  • Daon partners with Akbank, making the Turkish bank the first in the country to deploy facial recognition technology for mobile banking authentication.
  • Alcazar Capital Limited (ACL) to launch $100 million global fintech fund in collaboration with Fintech Consortium’s InQvest Partners.
  • Abu Dhabi Securities Exchange launches Sahmi, a new integrated digital platform for individual investors.

Central and South Asia

  • Bank of Punjab, based in Lahore, Pakistan, implements core banking technology from Oracle.
  • Entrepreneur.com considers the effect Indian fintechs have made on financial inclusion in India.
  • VC Circle looks at the rise in investment in insurtech innovators like India’s PolicyBazaar.

Latin America and the Caribbean

  • Brazilian challenger bank Nubank raises $180 million in funding.
  • UniBank Panama to implement biometric authentication technology from Ipsidy.
  • COK Sodality Co-operative Credit Union (COKCU) of Jamaica to modernize its core processing technology courtesy of a new partnership with Smart Solution.

Top image designed by Freepik

 

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Temenos Partners with Australia’s Uniting Financial Services

Temenos Partners with Australia’s Uniting Financial Services
By David Penn Posted on
Categories: Temenos

Uniting Financial Services (UFS), a non-profit entity based in Australia, has signed for a range of Temenos’ solutions, to be delivered in the cloud, reports Tanya Andreasyan of FinTech Futures (Finovate’s sister publication).

The new multi-year deal builds on an existing relationship between UFS and Rubik Financial, a local distributor of Temenos’ tech (Rubik Financial was acquired by Temenos last year and merged into the company). UFS initially signed for T24, to be delivered on a hosted basis by Rubik, in 2013, FinTech Futures understands.

Under the new agreement, UFS will implement Temenos’ T24, analytics, channels, financial crime mitigation and risk and compliance software, all delivered on the Microsoft Azure cloud.

With over $1.2 billion (AU$1.7 billion) in funds under management, UFS provides treasury and ethical investment services to the Uniting Church in Australia’s Synod of NSW & the ACT including its Congregations, Presbyteries and various Church Agencies.

“At UFS we are committed to evolving our services and solutions to best support the needs of our investors and borrowers,” Uniting Financial Services CEO Warren Bird said. “Investing in innovative, flexible and modern technologies, and working with key partners such as Temenos is an important part of this approach.”

Temenos’ Managing Director for the Asia-Pacific, Martin Frick, pointed to the rise of open banking as another reason for partnerships with organizations like Uniting Financial Services. “With Open Banking poised to become a reality in Australia in 2019, we are seeing customers like UFS invest in digital transformation both to achieve operational excellence and improve customer service,” Frick said.

Temenos demonstrated its Temenos Connect Mobile Banking solution at FinovateEurope 2015. Earlier this month, the Geneva, Switzerland-based company announced the completion of a major technology upgrade for Baltic International Bank. Also in October, Temenos announced upcoming deployments of its T24 core banking system at Cameroon’s largest bank, Afriland First Bank and at Tunisia’s Banque de l’Habitat.

Founded in 1993, Temenos is listed on the Swiss Stock Exchange under the ticker “TEMN,” and has a market capitalization of more than $12 billion. More than 3,000 companies around the world, including 41 of the top 50 banks, use solutions from Temenos to process the daily transactions of 500+ million banking customers.

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FinovateAsia Sneak Peek: Topicus

FinovateAsia Sneak Peek: Topicus
By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Topicus

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Powered by Topicus, Fyndoo makes lending more accessible, efficient, and transparent. Lenders get optimal loan processing in shorter time with less staff and full compliance.

Features

  • Provides an accessible, efficient, and transparent lending process
  • Connectes all parties throughout all possible loan product life cycles
  • Powered by a single product definition and process workbench

Why it’s great
Fyndoo Lending provides a complete loan management solution for all involved parties, delivering fast loan processing with less staff while being fully compliant.

Presenters

Michiel Schipper, Managing Director
Schipper has been active in the SME lending domain since 2004 and is driven by his enthusiasm for entrepreneurialism.
LinkedIn

 

Michel Brinkhuis, Solution Architect
Brinkhuis focuses on the Fyndoo product suite. He holds a Masters degree in Business Information Technology.
LinkedIn

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FinovateAsia Sneak Peek: PayReverse

FinovateAsia Sneak Peek: PayReverse
By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, PayReverse

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

PayReverse is the world’s first white-label cashback service that is built into consumer brands’ apps and websites, allowing them to create additional monetization streams and increase customer loyalty.

Features

  • Easy, fast, and zero CAPEX integration
  • Adaptive design to suit a brand’s requirements and consumer behavior
  • Innovative technology makes it much more convenient than any existing cashback service

Why it’s great
PayReverse is the simple and adaptive solution for any consumer brand to rapidly create additional monetization streams and increase customer loyalty.

Presenters

Alexey Ermakov, CEO
Ermakov has 10+ years of experience as a strategist and blockchain expert. For a long time he managed a group of software developers specialized in high-loaded analytical solutions at a TOP-1 Russian telecom company.
LinkedIn

Yury Panov, CMO
Panov leverages his long-term successful experience in strategic planning to develop PayReverse’s business and to help clients in launching loyalty programs based on the PayReverse solution.
LinkedIn

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FinovateAsia Sneak Peek: Jumio

FinovateAsia Sneak Peek: Jumio
By David Penn Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Jumio

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Jumio provides online identity verification/eKYC services. Jumio has been adopted by organizations looking to streamline identity verification processes for online customer onboarding.

Features

  • Supports verification of over 3,000 ID document types, over 200 countries
  • Provides detailed authenticity checks on an ID document by detecting presence of security features
  • Offers the best eKYC user experience

Why it’s great
When identity matters, trust Jumio.

Presenter

Frederic Ho, VP APAC 
Experienced in online identity theft/fraud and KYC user experience, Ho serves as the VP, APAC at Jumio Corporation.
LinkedIn

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FinovateAsia Sneak Peek: AlphaBot

FinovateAsia Sneak Peek: AlphaBot
By David Penn Posted on
Categories: AlphaBot, FinovateAsia 2018, FinovateAsia 2018 Sneak Peek

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

AlphaBot is a novel tool for investment research, portfolio construction and execution for alternative investments, utilizing professional networking, cloud computing, and integrated analytics.

Features

  • Performance data easily accessible from multiple sources
  • Direct relationship between investors, managers, platforms, etc.
  • Integrated analytics from simple comparisons to portfolio optimization

Why it’s great
With AlphaBot it takes minutes instead of hours or days to find and analyze potential investments from cryptocurrencies to hedge funds and equities.

Presenter

Dmitri Alexeev, CEO
Alexeev has 20 years of experience in finance and investment management, starting from research analyst all the way up to Chief Investment Officer of a $1 billion fund of funds. He has a Ph.D in Mathematics.
LinkedIn

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Finovate Alumni News

By David Penn Posted on
Categories: AlphaBot, Bluefin Payment Systems, Coinbase, Daon, Expensify, Finicity, identitii, Insuritas, Jack Henry, Jumio, Kabbage, Kinetica, Lendio, On Deck Capital, Openfinance, PayReverse, Ping Identity, Ripple, Topicus, Trustly, YellowDog, Zenmonics

On Finovate.com

  • OnDeck Launches Subsidiary to Help Banks with Small Business Lending.

Around the web

  • Daon partners with Akbank, making the Turkish bank the first in the country to deploy facial recognition technology for mobile banking authentication.
  • YellowDog shortlisted for Tech Company of the Year honors at the 2018 U.K. Business Tech Awards.
  • Bluefin teams up with data security tokenization vendor, TokenEx, to boost payment security.
  • Finicity selected as third-party service provider for Freddie Mac’s automated income and asset assessment solution, Loan Product Advisor.
  • Zenmonics earns a spot in the 2018 IDC FinTech Rankings.
  • FinTech Global recognizes Insuritas as a 2018 InsurTech100 Company.
  • Lendio announces facilitating $1 billion in financing to more than 51,000 U.S. SMEs since inception in 2011.
  • Indonesia’s biggest telecommunications company, Telkomsel, picks Kinetica to support its accelerated analytics, location-based visualization and AI.
  • Blockchain innovator identitii to list on the Australian Securities Exchange this week with anticipated market capitalization of $41 million.
  • Atlanta Business Chronicle interviews Kabbage’s Kathryn Petralia, highlighting her as a 2018 Women Who Mean Business honoree.
  • Sara Berg appointed Chief Operating Officer of Trustly.
  • Expensify launches training and certification program for accountants.
  • Ping Identity launches new Quickstart Private Sandbox for Open Banking and PSD2
  • Openfinance signs data partnership with Refinitiv.
  • Trustly partners with Ingenico for online banking payments.
  • Moneynetint partners with Ripple to leverage instant payment rails.
  • Coinbase expands with new Dublin office.
  • Native American Bank selects Jack Henry’s SilverLake system.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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