Author: David Penn

Finovate Alumni News

By David Penn Posted on
Categories: Alkami Technology, Avoka, Clover Network, Coinbase, Encap, Envestnet, eWise, ING Bank, investUP, Kasasa, Kashoo, Larky, Meniga, NICE Systems, OutsideIQ, Revolut, Strands, Uselab

On Finovate.com

  • Larky Launches at Three New Credit Unions.
  • London’s Revolut Unveils Version 2.0 of its Personal Money Cloud

Around the web

  • Fifth Third Bancorp to deploy AML solutions from NICE Systems’ Actimize.
  • PYMNTS.com interviews Kashoo Communications lead Dave Clarke on cloud accounting.
  • Baxter Credit Union ($2.4 billion) chooses ORB platform from Alkami Technology.
  • Roundup of Australia fintech startups features Avoka. See Avoka at FinovateEurope 2016 in London.
  • Encap releases version 3.1 of its mobile authentication and security platform.
  • First Data’s Clover launches Clover Go mobile POS dongle.
  • Coinbase introduces price alert push notifications on iOS and Android.
  • In 2015, Kasasa sees 45% growth in clients, now counts 779 signed community FIs.

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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FinovateEurope 2016: Meet the Faces of Fintech

FinovateEurope 2016: Meet the Faces of Fintech
By David Penn Posted on
Categories: FinovateEurope 2016

FEU2016_banner

With more than 1,500 expected to attend FinovateEurope 2016, and a wide array of themes and topics to be discussed, we don’t know exactly what you’ll be talking about when you’re meeting, chatting, and networking with your fellow fintech fans next month in London.

But thanks to our Attendee Title Word Cloud, we’ve got a pretty good idea of who you’ll be meeting, chatting, and networking with.FEU2016Titles-FINAL

Whether its the CEO from the corner office, the developer from the lab, or the venture capitalist from the conference room, Finovate is the place to meet the people who are driving fintech innovation at every level. So if your LinkedIn could use a few more movers, shakers and decision-makers from the world of financial technology, then join us in London for FinovateEurope 2016.

OldBillingsgateMarketHall

Our London conference returns to Old Billingsgate Market Hall on the Thames, February 9 and 10, for two days of live demonstrations from a dynamic mix of startups and industry veterans. Tickets are on sale now. So visit our registration page today and save your spot at our first fintech conference of the New Year.

FEU2016_Bizzabo

And once you’ve registered, let us and your fellow attendees know you’re coming by joining the Finovate community on Bizzabo. Find the Bizzabo app at the Apple App Store or at Google Play. Download the app and search for “Finovate.” Sign in using the same email address you used during registration and then press “Join the Community” and you’re all set.

Bizzabo is also available as a web app for use with your laptop or desktop

Got questions? Our FAQ page has answers.

FinovateEurope 2016 is sponsored by The Bancorp and KPMG.

FinovateEurope 2016 is partnered with Aite Group, Bank Innovators Council, BankersHub, BayPay Forum, bob’s guide, Byte Academy, The Cointelegraph, CrowdReviews, Digital Currency Council, Fintech Finance, The Fintech Times, Harrington Starr. IDC Financial Insights, Let’s Talk Payments, Mapa Research, Mercator Advisory Group, The New Economy, Payments & Cards Network, PitchBook, Plus Journal, Verdict Financial, and World Finance.

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Finovate Alumni News

By David Penn Posted on
Categories: App Annie, ayondo, CurrencyFair, EyeVerify, FutureAdvisor, Ixaris, Zopa

On Finovate.com

  • FinovateEurope 2016: Meet the Faces of Fintech.

Around the web

  • Ixaris CEO Alex Mifsud shares his payment predictions for 2016.
  • i-vest.de reviews social trading platform, ayondo.
  • PYMNTS.com takes a look at App Annie’s recent $63 million funding.
  • Currency Fair considers plan to offer Irish businesses free money transfers abroad.
  • EyeVerify earns FIDO Alliance certification for its Eyeprint ID authentication technology.
  • Investment News features several Finovate alums in a look at roboadvisors attracting investment dollars as 2016 begins.
  • Zopa gives account views a makeover for the new year.

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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CaixaBank Launches imaginBank, a Mobile-Only Bank for Millennials

CaixaBank Launches imaginBank, a Mobile-Only Bank for Millennials
By David Penn Posted on
Categories: CaixaBank

Caixabank_homepage_Jan2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank Caixabank that targets millennials.

CaixaBank CEO Gonzalo Gortázar said the new mobile-only bank was part of a “commitment to provide new services that perfectly complement the more traditional banking model.” He added that imaginBank would “secure greater loyalty” among the 18-to-35-year-old bank customer, as well as boost new customer acquisition.

imaginBank_image_padimaginBank provides customers with a complete array of financial services such as a commission-free current account, a Visa imaginBank debit card, and PFM tools, as well as up-to-date mobile and P2P payment technology. imaginBank also offers consumer financing of up to €15,000 with no arrangement fee.

CaixaBank serves 2.9 million customers in Spain aged 18 to 35.  And one in every three Spanish millennials is a customer of their bank. Chairman Isidro Fainé of “la Caixa” Group  underscored this point, saying that, with imaginBank, Caixabank has successfully leveraged both its “leadership in the world of innovation and mobility” and its “experience as a leading bank among the young client segment in Spain.”

imaginBank_image_phone“This has enabled us to incorporate in this project all the features that our young customers look for in financial services, such as digital banking, simplicity and service excellence,” Fainé explained.

The mobile app for imaginBank is available as a free download from Google Play (Android) or from the Apple App Store (iOS). imaginBank also has special services for smartwatch wearers, including ATM- and branch-finding functionality. imaginBank users can also use CaixaBank ATMs for transactions and to manage their accounts.

In addition to being mobile-only, imaginBank is social media friendly, as well. Users of the app can access their imaginBank accounts from within Facebook, checking account balances and viewing recent transactions securely. They can also use apps like Twitter and WhatsApp to access 24-hour customer service.

CaixaBank joined fellow Finovate alum PayPal on stage at FinovateEurope 2012 in London. The bank won 2011 and 2013 Banking Innovation Awards from the Bank Administration Institution, and was recognized as “World’s Best Retail Bank for Technology Innovation” by Euromoney magazine in 2013 and 2014. CaixaBank launched its mobile payments app, “CaixaBank Pay” last August, enabling contactless payments for NFC-enabled and Android devices.

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Finovate Alumni News

By David Penn Posted on
Categories: Acculynk, Arxan Technologies, Dashlane, Diebold, Moven

On Finovate.com 

  • Dashlane Achieves New Year’s Resolution: More Organized, Now Speaks 7 Languages.

Around the web

  • eWeek quotes Arxan CMO Patrick Kehoe on the problem of app security on health and finance apps.
  • Diebold introduces mobile, contactless, self-checkout technology.
  • Acculynk CEO Ashish Bahl talks about the growth of direct-to-debit card payments.
  • Pymnts interviews Moven President Alex Sion on what to expect in digital banking in 2016.

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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FinovateEurope Sneak Peek: Avoka

FinovateEurope Sneak Peek: Avoka
By David Penn Posted on
Categories: Avoka, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

Avoka_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Register today. 

Founded in Sydney, Australia and headquartered in Denver, Avoka accelerates customer-centric, digital transformation with frictionless sales transactions. The company will demo how to quantify and optimize customer effort to increase customer acquisitions.

Features

  • Measure the customer effort to complete an application
  • Predict the effort for each design change
  • Reduce abandonment and convert more prospects to customers

Why it’s great
Every step in a bank account opening that adds customer effort also increases abandonment. Minimize that effort and you will gain more customers.

Presenter

Avoka_CorcoranDerek Corcoran, Chief Experience Officer

Corcoran is CXO at Avoka, and a world-recognized expert on digital customer acquisition in financial services. He is the developer of Transaction Effort Score (TES) and a frequent industry speaker.
LinkedIn

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FinovateEurope Sneak Peek: Persado

FinovateEurope Sneak Peek: Persado
By David Penn Posted on
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Persado

Persado_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Register today. 

Persado’s machine-learning platform generates the most effective language for communications designed to drive action.

Features

  • Emotionally engaging content at every lifecycle touchpoint
  • World’s largest database of scored and tagged marketing language
  • Data-driven technology that eliminates the guesswork from creativity

Why it’s great
Persado customers are seeing, on average, a 75% response lift across web, email, display, and social.

Presenter

Persado_WhittleLawrence Whittle, Chief Revenue Officer

Whittle is the Chief Revenue Officer of Persado. He is responsible for driving the overall sales, the go-to-market strategy and execution, as well as developing its network of eco-system partners.
LinkedIn

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FinovateEurope Sneak Peek: Lendstar

FinovateEurope Sneak Peek: Lendstar
By David Penn Posted on
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Lendstar

lendstar_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Register today. 

Germany’s Lendstar is a mobile app that allows users to source, share, and send money, combined with a link to their existing bank account.

Features

  • Allow immediate money transactions, no hassle to chase your spendings
  • Enable one or many transactions
  • Help to organize all private financial transactions

Why it’s great
Collect money, divide bills, and transfer funds directly from your bank account? Go for Lendstar!

Presenters

Christopher Kampshoff, CEO

Kampshoff is the creative lead behind the Lendstar concept, being responsible for business development, finances and marketing. He has also several years of experience in the finance sector.
LinkedIn

Johannes Schubert, Head of Product Development

Lendstar_Schubert

Schubert is a FinTech solution enthusiast and is keen to change the way we all deal with transferring money. He turns boring transactions into a fun way of exchanging money between friends.
LinkedIn

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FinovateEurope Sneak Peek: Qumram

FinovateEurope Sneak Peek: Qumram
By David Penn Posted on
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Qumram

Qumram_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Register today. 

Based in Zurich, Switzerland, Qumram provides software to record user sessions on web, social, and mobile to ensure regulatory compliance (i.e., MiFID II) and prevent fraud.

Features

  • Enable communication and transactions via social media for real customer centricity
  • Ensure compliance with Qumram session recording
  • Prevent fraud by identifying erratic behaviors

Why it’s great
The #1 solution for compliant, customer-centric banks, Qumram empowers banks such as UBS to engage and transact on all digital channels in a compliant manner.

Presenters

Qumram_ScheurerSimon Scheurer, Co-Founder & CTO

Scheurer is an experienced CTO, strategic technology advisor, and entrepreneur. As a “magician” with masters degrees in mathematics and physics, he loves solving technical challenges.
LinkedIn

 

Qumram_WegmuellerMathias Wegmueller, Co-Founder & Business Development

Wegmueller is an experience team leader, advisor for digital transformation strategies and projects. He is a seasoned consultant, entrepreneur, and board member.
LinkedIn

 

Patrick Barnert, CEOQumram_Barnert

Barnert is a visionary business leader as global entrepreneur and manager. He was senior vice president at OpenText, responsible for $800m revenue.
LinkedIn

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FinovateEurope Sneak Peek: CREALOGIX

FinovateEurope Sneak Peek: CREALOGIX
By David Penn Posted on
Categories: CREALOGIX, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

CREALOGIX_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Register today. 

Swiss innovator CREALOGIX presents its Digital Banking Hub, the pivotal point of digital transformation in banking. The basic idea is openness via targeted use of APIs toward third-party applications for seamless offerings.

Features

  • An all-in-one, personalized, seamless, secure banking experience for the client
  • A digital banking delivery platform that lets banks upgrade their digital services quickly and flexibly

Why it’s great
The use of the established and comprehensive API-layer of the Digital Banking Hub by CREALOGIX helps banks quickly transform their digital business to stay future-ready.

Presenters

CREALOGIX_CritchleyGeraldine Critchley, Head of Product Marketing

Following the convergence of the digital business with banking technology for years, Critchley has been shaping product strategy and international branding for CREALOGIX.
LinkedIn

 

CREALOGIX_BreamAntony Bream, U.K. Managing Director

Bream is an internationally experienced U.K. managing and sales director specializing in the marketing, business development, and selling of digital financial services solutions, both in-house and SaaS.
LinkedIn

 

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Taulia Raises $46 Millon in Series E; Names New CFO

Taulia Raises $46 Millon in Series E; Names New CFO
By David Penn Posted on
Categories: Funding, Fundings, Taulia

Taulia_homepage_Jan2016

In a round led by Zouk Capital, financial supply-chain specialist Taulia has raised $46 million in new funding.

A number of unnamed, new strategic and institutional investors participated in the round, as well as all of Taulia’s existing institutional investors. The new infusion of capital takes the company’s total to more than $130 million.

Taulia CEO Cedric Bru said the investment would help “further accelerate (Taulia’s) rapid expansion,” and praised the “global experience” of his company’s investors. “We are in the best position to fuel the next stage of Taulia’s explosive growth,” he said.

Taulia_stage_FEU2015

Pictured (left to right): Taulia Director of European Marketing Matthew Stammers and Director of European Solutions Consulting Christophe Juvanon demonstrating Taulia Enhanced Discounting at FinovateEurope 2015.

Zouk Capital CEO Samer Salty praised Taulia’s ability to “streamline and strengthen” the financial supply chain. Salty called the company a “clear match” with his firm’s strategy of “backing high-growth companies that use technology to create efficiency.”

Taulia uses advanced e-invoicing, supplier management, and supplier financing to help connect companies like Coca-Cola Bottling, Hallmark, John Deere, and other Fortune 500 firms to their suppliers. Since inception, Taulia has processed more than $150 billion in transactions for 700,000 suppliers in more than 100 countries.

Recent headlines for the company include its partnership with KPMG, announced in December, and joining the OFS Portal community in November. In July, Taulia earned a spot in CIO Review’s 20 Most Promising Procurement Solution Providers for 2015.

Taulia also announced today that John Varughese had joined the company as its new Chief Financial Officer. Formerly of Perella Weinberg Partners, Varughese will be responsible for all finance, legal, and human resource operations at Taulia. Bru, who joined Taulia as CEO last April, praised Varughese’s “strategic leadership and significant entrepreneurial experience.”

“(Varughese) helped some of the biggest names in Silicon Valley succeed,” Bru added, “and we can’t wait to put his skills to work as an integral part of our leadership team.”

Founded in 2009 and headquartered in San Francisco, Taulia demonstrated Taulia Enhanced Discounting (TED) at FinovateEurope 2015. The company also has offices in London, Dusseldorf, and Sofia.

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Finovate Alumni News

By David Penn Posted on
Categories: App Annie, Authy, Avoka, CREALOGIX, DriveWealth, Fiserv, Insuritas, Lendstar, PayPal, Persado, Qumram, Taulia, Temenos, Wealthfront

On Finovate.com

  • “PayPal Taps into Bitcoin by Adding Wences Casares to Board”
  • “Taulia Raises $46 Million in Series E; Names New CFO”
  • Check out “Finovate Debuts: Authy’s Password Alternative”

Around the web

  • DriveWealth teams up with StockRadar to provide investors in China with access to U.S. stocks.
  • DNB Luxembourg goes live with Temenos core banking system.
  • Three credit unions in British Columbia—Bulkley Valley Credit Union, North Peace Savings and Credit Union, and Spruce Credit Union— choose DNA account processing technology from Fiserv.
  • Wealthfront launches new, free portfolio review service.
  • Insuritas to power insurance agency solution for Greater New Orleans Federal Credit Union.

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

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