Author: David Penn

Alumni News—February 17, 2015

By David Penn Posted on
Categories: BizEquity, blooom, Dwolla, Fidor Bank, LearnVest, LendUp, LifePay, LikeFolio, Motif Investing, QuantConnect, Top Image Systems, WePay
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTop Image Systems partners with Hanse Orga to offer capture-enabled accounts receivable payment processing for SAP & ERP.
  • QuantConnect LEAN Engine now 100% open source.
  • JetPay to support WePay’s launch in Canada.
  • LifePay acquires iboxPro, expands into Asian markets.
  • Fast Company names Motif, Likefolio, Fidor Bank, LendUp, Blooom, and LearnVest in the top innovative companies of 2015 in personal finance.
  • PluraVida selects Dwolla to process transactions between media suppliers and buyers.
  • CNBC interviews CEO Michael Carter, BizEquity, on its business-valuation service.
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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Alumni News, February 13, 2015

By David Penn Posted on
Categories: Ayasdi, Azimo, Digital Insight, EyeVerify, FreeAgent, Global Debt Registry, Insuritas, Xignite
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDigital Insight to offer its customers EyePrint ID, courtesy of new agreement with EyeVerify.
  • Global Debt Registry unveils new asset classes, new resources, and new UI in brand refresh.
  • Azimo extends its money-transfer service to Thailand.
  • FinovateEurope 2015 Best of Show Winners announced.
  • Fast Company features Ayasdi in its list of the Top 10 Most Innovative Companies of 2015 in Big Data.
  • 22 Finovate alums nominated for 2015 Pymnts innovator awards. Cast your vote here.
  • Lincoln Savings Bank hires Insuritas to launch insurance agency for its customers.
  • FreeAgent partners with Appointedd to simplify small business bookings.
  • Bank Innovation takes a look at the widespread use of Xignite APIs among fintech startups.
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 2015 Best of Show Winners Announced

By David Penn Posted on
Categories: Avoka, CoinJar, ebankIT, eToro, FinovateEurope 2015, Jumio, mBank & i3D, Meniga

FEU2015_BoS_Badge.jpg

If there is anything more exciting than the first Finovate conference of the year, it’s seeing who will be the year’s first Best of Show award-winning companies.

After two days of fintech presentations and demonstrations, our audience of more than 1,100 has shared its opinion on which technologies at FinovateEurope 2015 stood out from the rest of a truly impressive pack.

Here are this year’s winners, in alphabetical order:

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Avoka for its three-minute loan application that promises to deliver the fastest onboarding experience in the world.

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CoinJar for its technology that enables consumers to buy, sell, and use digital and traditional forms of currency any way they choose—from dollars to bitcoins.

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ebankIT for its omnichannel and social banking solution that maximizes interaction between FIs and their clients.

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eToro for its innovations in social trading and investing for Generation Y.

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Jumio for its credentials-management technology, Netverify, that turns mobile devices into ID document-scanning terminals.

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mBank and i3D for their interactive, digital retail-branch concept.

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Meniga for Market Match, its transaction-data analytics and enrichment engine.
As always, thanks to everyone who attended and participated in FinovateEurope 2015. We’ll see you next year!

Notes on methodology:  

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
4. The seven companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners. 

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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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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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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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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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Mobino Introduces Mobino Cash, a Swiss Standard for Mobile Money

By David Penn Posted on
Categories: FinovateEurope 2015, Mobino

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

Global payment service Mobino is up next with its mobile money solution, Mobino Cash.
The Mobino Cash platform delivers superior convenience for customers with a seamless integration of many payment scenarios:
  • Peer-to-peer money transfer
  • Payment for goods and services in shops
  • POS and cash register integration
  • Quicker and safer e-commerce payments
  • Fluid payment flow for mobile commerce
  • Cheap and efficient international remittances
  • Registration and KYC process for unbanked
  • Cash-in/out operations at agents and ATMs
  • New one-touch payment from your smart watch
We are looking for distribution partners, merchants, and investors, to expand our reach in Europe and worldwide.
White labeling and cobranding are available.
Presenters: CEO Jean-Francois Groff, and CTO Alvaro Fussen
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Product launch: February 2015
Product distribution strategy: Direct to Consumer (B2C); Direct to Business (B2B) through financial institutions, through other fintech companies and platforms; licensed
HQ: Geneva, Switzerland
Metrics: Emerging market leader in Switzerland, expanding in Europe and Africa in 2015
Website: mobino.com
Twitter: @mobino

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FOBISS Presents its Cash Management Solution, FOBISS CM

By David Penn Posted on
Categories: FinovateEurope 2015, FOBISS

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

FOBISS is next with its intelligent business operations technology that leverages the power of artificial intelligence.
FOBISS CM performs the complex cash-demand forecasting and optimization tasks using its integrated artificial intelligence algorithms, capable of real-time processing of large amounts of information, evaluation of historical data, relations between them, trends, and projections. It chooses the optimum decisions out of millions of possible combinations—something standard analytical tools cannot do.
The biggest value of the technology lies in its rich, advanced analytic tools, such as “what if” scenario modeling based on real-time profitability counting capabilities, which allow decision makers not only to make the best operational and tactical decisions in real time, but also to flexibly and timely adjust to the winning strategies.
Presenters: Managing Director Mindaugas Leonavicius, and Global Sales Director Andrius Ojeras
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Product launch: 2011
Product distribution strategy: Direct to Business (B2B) through financial institutions, through other fintech companies and platforms; licensed
HQ: Eindhoven, Netherlands
Metrics: 30 employees
Website: fobiss.com
Twitter: @FOBISS_BV

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