Author: David Penn

IDmission Introduces INFORM, an Enterprise-level Forms Builder

By David Penn Posted on
Categories: FinovateEurope 2015, IDmission

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This post is part of our live coverage of FinovateEurope 2015.
IDmission is presenting its cloud-based solution for identity-initiated customer onboarding and engagement.
INFORM is a fully configurable Enterprise forms product that enables building of sophisticated user experiences without any programming. You can build your own forms with KYC, document management, image processing, biometrics, online calls, workflows, and payments integrated into them. INFORM is integrally connected to Ada, our cloud platform infrastructure, enabling reuse of all Ada’s software components and connectivity to third-party systems.
Presenters: CEO and Pres. Ashim Banerjee; VP Product Dev. Angie Schmuck
 
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Product launch: March 2014
Product distribution strategy: Direct to Business (B2B) through financial institutions, through global partners
HQ: Louisville, Colorado, U.S.A.
Metrics: 75 employees in the United States and India
Website: idmission.com

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Xsolla Presents its Customizable, White-Label Billing Platform for FIs

By David Penn Posted on
Categories: FinovateEurope 2015, Xsolla

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

Xsolla , the company behind one of the most advanced billing platforms for online gaming, has brought its technology to the world of e-commerce payments.
Game developers are a technologically advanced and very demanding customer. High expectations of gaming companies encouraged Xsolla to create the most advanced payment system on the e-commerce market.
With extensive relationships with payment providers like PayPal and Amazon, and services for AAA game companies like Valve, Nexon, Crytek, and Changyou, Xsolla is demoing its white-label, customizable billing-platform for banks.
Presenters: Aiman Seksembaeva, director, business development; Alexander Menshikov, integration manager
 
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Product launch: February, at FinovateEurope
Product distribution strategy: Direct to Business (B2C)
HQ: Sherman Oaks, California
Metrics: Xsolla was founded in 2006; today it employs 170 people. Xsolla has offices in U.S.A., Brazil, Russia, Ukraine, Korea, and a number of financial centers.
Website: xsolla.com

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Telenor banka Powered by Asseco SEE Presents its Automated Online Handset Loan

By David Penn Posted on
Categories: Asseco, FinovateEurope 2015, Telenor banka

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

Finishing up the first session of the day is Telenor banka, which has teamed up with Asseco South Eastern Europe (SEE) to offer their Automated Online Handset Loan.
Telenor banka is the first fully mobile online bank in the SEE region, showcasing a mobile-device loan-offering based on Telco and banking’s big-data analytics. The right offer, at the right time, at the right place: for each customer, it is hassle-free and only a couple of clicks away. The automated process is achieved with the help of Asseco SEE’s ASEBA Multi-channel Hub.
Presenters: Telenor banka’s Chairman, Executive Committee, Martin Navratil; Piotr Jelenski, group president of the management board, Asseco SEE; and Telenor banka’s Marketing Director Mario Carevic
 
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Product launch: Q3/Q4 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Telenor banka is based in Belgrade, Serbia; Asseco SEE, Warsaw, Poland
Metrics: Telenor banka has 130 employees, is part of Telenor Group with 179 million users, is present in 13 markets. Asseco SEE has 1,400 employees, is present in 13 countries and is listed on WSE.
Twitter: @Telenorbanka and @Asseco_See

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Pay2You from Delta Bank Empowers Payments to Anyone in Your Address Book

By David Penn Posted on
Categories: Delta Bank, FinovateEurope 2015

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

Our next presenter is Delta Bank, a Ukranian universal bank demoing its P2P payment solution.
Pay2You is a service for sending money to any contact from your address book. It is very simple: You choose the recipient of payment from your phone book, input your card details and the sum, then push “send money” and the recipient receives the SMS with the transfer-security code.
Then the recipient just enters any of their card numbers, along with the security code, and the money instantly proceeds to their account. The process of sending a transfer takes no longer than 10 seconds.
The service can be enjoyed on the website, mobile app, or directly from Facebook.
Presenters: Head of R & D Dept., Stanislav Ostrovskyi; Head of Innovation Dept., Denis Vorobiov
 
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Product launch: September 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Kyiv, Ukraine
Metrics: Fourth largest Ukranian bank; $4 billion USD in assets; 6,000 employees; 5 million clients

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Five Degrees Launches Mid-Office Services Suite, Matrix Universe

By David Penn Posted on
Categories: FinovateEurope 2015, Five Degrees

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

Next up is Five Degrees, the developer of Matrix, a core BP engine and banking solution.
The world of services is here. Connecting with other parties, including non financial, is key to a modern bank’s success. That is why Five Degrees is introducing Matrix Universe, a set of extensions on our Mid-Office Services Suite that enables banks to fully manage their partnership ecosystem. For retail and SMEs, transactions and loyalty, infrastructure and data analytics, apps and services can be added. Built around our visual BPM engine means no coding is required.
Presenters: Chief Commercial Officer Brian van Wachem; CTO Björn Holmthorsson
 
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Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Breukelen, Netherlands
Twitter: @fivedegrees

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Encap Security’s Integration of Touch ID Helps Authenticate High-value Financial Transactions

By David Penn Posted on
Categories: Encap, FinovateEurope 2015

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

The team from Encap Security is making its way to the stage. Encap develops technology that enables mobile authentication for financial service providers.
Encap Security is the first authentication company in the world to integrate Apple Touch ID. Encap is demonstrating how financial institutions can use Touch ID to provide access to authenticate high-value financial services transactions. Touch ID integration showcases how Encap technology can detect and use device capabilities to layer on new authentication factors as they come to market. Financial institutions can then take advantage of these factors as they see fit, to ensure they are delivering the highest level of usability and security.
Presenters: CEO Thomas Bostrøm Jørgensen; Sales Director, Europe, John Burman
 
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Product launch: June 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Oslo, Norway
Metrics: With locations in Oslo, and Palo Alto, California, Encap Security’s management team has an unrivaled stature in authentication and mobile financial services. CEO Thomas Bostrom Jorgensen and the Encap Security executive team of 15 employees together combine more than 60 years of experience across mobile financial services, identity management and mobile-app security. The total investment made in Encap Security is 4.8 million euros.
Twitter: @encapsecurity

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eRipple Demonstrates its Mobile Mentor Matching Tool

By David Penn Posted on
Categories: eRipple, FinovateEurope 2015

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

eRipple is next, presenting its mentoring technology that levearges the LinkedIn API to help corporates, startups and individuals find and connect with the talent they seek.

We provide our solution because we care about the ambitious succeeding! From extensive research into connecting time-poor experts with the information-hungry ambitious who are looking to grow, we have discovered a completely new way to connect. eRipple is a mobile mentor-matching tool that uses smart and learned algorithms, diary management, and messaging to completely revolutionize internal communication and talent relationships.

Exploiting the wealth of knowledge and expertise data available on LinkedIn and extensive psychometric profiling, we use the LinkedIn API to create a plugin to a new world of qualified connections between experts and those looking to grow.

Presenters: Founder Duncan Peters and Finance Director Paul Mann
 
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Product launch: November 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), licensed
Metrics: To date the company has been funded by its founders and recently taken on 50,000 pounds as a pre-seed friends-and-family round to deliver on customer campaigns. We always aim to bring together the most driven and talented people, expertise, and company backgrounds. We have technical mindshare on algorithms and psychology from our fantastic board of advisors from Meniga, Orange, Facebook, MarkIt and other top-five banks. Our development team is led by our Founder, Duncan Peters.
Website: eripple.co
Twitter: @RippleApp

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AppSensorFS from Intelligent Environments Neutralizes Security Threats in Real-time

By David Penn Posted on
Categories: FinovateEurope 2015, Intelligent Environments

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

Next to the stage is mobile and online security solution provider, Intelligent Environments, demonstrating AppSensorFS.

AppSensorFS is a software capability built into Interact, our multichannel banking platform, which enables the business application to detect and neutralize a security threat in real-time. It makes the application attack-aware. AppSensorFS deploys sensors within the application to detect potential threats. At its core is an expert system that makes real-time decisions to direct appropriate defense responses. AppSensorFS is a next-generation security solution with features specifically designed for Financial Services end-user applications. The framework extends to both web browser and mobile app-based solutions.

Presenters: CTO Clayton Locke; Product Development Lead Alan Brown; and Senior Software Architect Paul Spiller
 
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Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Kingston-upon-Thames, London, United Kingdom
Metrics: 130 employees
Twitter: @IntelEnviro

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StreetShares Platform Connects Small Business Owners with Retail and Institutional Investors

By David Penn Posted on
Categories: FinovateEurope 2015, StreetShares

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

Our first presenter of the day is social lender StreetShares, bringing business owners together with retail and institutional investors based on shared affinities. According to the company:

The StreetShares marketplace uses social affinities and online auction technology to provide small business borrowers with loans at lower rates, and provide investors with higher returns. StreetShares blends the social loyalty and trust of affinity groups with traditional bank underwriting. It provides small business owners with the opportunity to pitch their loan requests to retail and institutional investors at no cost or obligation.

StreetShares investors then compete to fund the loans through a StreetShares auction, where the lowest rates charged to borrowers win. Through a StreetShares auction, borrowers get funded at competitive rates and investors get returns they’re looking for. Everyone wins.

Presenters: Co-founders CEO Mark Rockefeller and COO Mickey Konson
 
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Product launch: July 2014
Product distribution strategy: Direct to Consumer (B2C); Direct to Business (B2B)
HQ: Reston, VA, USA
Metrics: Raised $1.2 million seed round; 12 full-time employees
Twitter: @StreetShares

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FinovateEurope 2015: London Calling!

By David Penn Posted on
Categories: FinovateEurope 2015

We’re feeling at the “top of the dial” here on rehearsal day of FinovateEurope 2015, the first Finovate conference of the year. With 1,200 fintech execs from around the world converging on Old Billingsgate Market Hall tomorrow (10 Feb), those looking forward to two days of the latest in financial technology innovation have reason to smile.

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Here are a few last-minute items for both those who will be joining us live in London as well as those who will be following along—and chiming in—via our live blog at Finovate.com and our Twitter feed at @Finovate.
FinovateEurope 2015 mobile and web app
Once again we’ll be using the Bizzabo social networking app to help attendees reach out and connect with each other, as well as our presenters and sponsors, and partners. The app makes it easy to learn about the presenting companies, follow along with the conference agenda, and network with your fellow attendees.
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Registered attendees simply need to download the Bizzabo app (iOS version here, Android version here). Bizzabo is also available for your desktop here. Once you’ve downloaded the app, install it, and search for “Finovate,” choose “Join” and you’ll be connected to the event.

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Twitter
If you aren’t able to join us in London, then tracking the action via our Twitter feed is easily the next best thing to being here. Check us out @Finovate and be sure to tag your thoughts, insights, clever gestures and wise remarks “#Finovate.”
For more information about FinovateEurope 2015, check out our preview page here. You’ll find the event schedule, agenda, the notes on the venue, a list of presenters, sponsors, partners, and much more.
If you have any questions about the conference, visit our FAQ page or send us an email at [email protected].

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Alumni News– February 9, 2015

By David Penn Posted on
Categories: CREALOGIX, FIS, Malauzai Software, Realty Mogul, Rippleshot
  • 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.jpgCredit Union Times reviews Malauzai Software’s report on the growing popularity of debit card on-off functionality.
  • Crain’s Chicago Business profiles Rippleshot.
  • Inside-it.ch: CREALOGIX leverages TouchID API to develop biometric fingerprint authentication app for mobile banking.
  • PYMNTS.com: MPD CEO Karen Webster interviews Bruce Lowthers, FIS EVP for North American Retail Payments.
  • CrowdFundBeat features Realty Mogul CEO Jilliene Helman.
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 6, 2015

By David Penn Posted on
Categories: Betterment, blooom, CardFlight, Coinbase, FutureAdvisor, LifePay, Mint.com, Misys, Motif Investing, Personal Capital, Ripple, Venmo, Wealthfront
  • 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.jpgCardFlight releases its mobile POS app, SwipeSimple 2.0.
  • Sky News reports Temasek is investigating a possible purchase of Misys.
  • The Observer features Ripple Labs in its look at the “race to replace bitcoin.”
  • Column on digital money accounting highlights, Mint, Venmo, and Coinbase.
  • Investopedia compares Motif Investing to investing with traditional exchange-traded funds (ETFs).
  • Forbes highlights Betterment, Wealthfront, FutureAdvisor, blooom, Motif Investing, and Personal Capital in a column on roboadvisors.
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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