Author: David Penn

Cash Payment Solutions Helps Bring Basic Banking and Commerce Closer

By David Penn Posted on
Categories: Cash Payment Solutions, FinovateEurope 2015

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

Cash Payment Solutions is a private retail banking branch network based in Germany with more than 3,400 POS.

Cash Payment Solutions replaces traditional banking branches by enabling the consumer to do the most basic banking service (cash-in/cash-out) at local stores nearby with better availability; for example, flexible opening hours on Sundays. The service is conveniently combined with shopping, and more than 500 companies are successfully using CPS payment infrastructure to accept payments from different verticals like E-commerce, online gaming, utilities, and payment-collection companies.

Cash Payment Solutions is showing new-use cases outside existing verticals for mobile banking, insurance, and local authorities.

 

Presenters: Co-founders Sebastian Seifert, managing director, and Florian Swoboda, managing director
 
CashPaymentSolutions_8150.JPG
CashPaymentSolutions_8162.JPG

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

HQ: Berlin, Germany

Metrics: €4.65 million euros raised, 25 employees

Website: cashpaymentsolutions.com

Share this:

Send Post Twitter LinkedIn Facebook

Sedicii Previews its Versatile Authentication Solution that Replaces Passwords

By David Penn Posted on
Categories: FinovateEurope 2015, Sedicii

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

Sedicii provides authentication technology that can prove a person is who they say they are.

Today’s internet world requires users of secure services to authenticate themselves before they receive access to the services they seek. This need to authenticate has spawned an ever-increasing number of websites that mimic the look and feel of a genuine website with the intention of fooling the unsuspecting user into entering their user credentials (login name and password).

Based on the zero-knowledge protocol, Sedicii’s patented, strong authentication technology can prevent data compromise from man-in-the-browser, man-in-the-middle, and server-side attacks. The service is used in a traditional web or app context, but can also be used to authenticate through contact centers or other offline services with a single, easy-to-use interface.

 

Presenters:CEO Rob Leslie, and Commercial Director Richard Coady
 
Sedicii_8125.JPG
Sedicii_8130.JPG
Product launch: May 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Waterford, Ireland
Website: sedicii.com
Twitter: @GBRSedicii

Share this:

Send Post Twitter LinkedIn Facebook

BizEquity Launches Valuation-as-a-Service Solution, BizEquity One UK

By David Penn Posted on
Categories: BizEquity, FinovateEurope 2015

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

Our next presenter is BizEquity, creators of the Valuation-as-a-Service business valuation cloud.
New features of BizEquity One U.K. include: (1) Real-time dynamic valuation updated daily from our smart algorithm and multiple data sources for greater accuracy and client engagement rate (2) Zillow-esque feature on the homepage with a powerful search on more than two million pre-valued businesses in the United Kingdom to get a sense of how the business is doing and what it is worth (3) Useful advice and alerts about the business streamed in real-time as the user goes through the valuation process (4) Updated dashboard with an infographic-like view of each business’s value and key performance indicators, a bird’s eye view of business that’s simple to grasp for the average owner.
Presenters: CEO Mike Carter, and Semyon Fishman, VP engineering
 
BizEquity_8043.JPG
BizEquity_8048.JPG
Product launch: February 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through FI licensing
HQ: Wayne, Pennsylvania, U.S.A.; Tower Hamlets, London, United Kingdom
Metrics: $5.1 million raised; more than 200,000 business users helped; more than 28 financial services distributors to date; 60 patents filed — 7 seminal patents in the online valuation space granted; 29.5+ million businesses valued, making BizEquity the largest online business valuation provider in the world.
Twitter: @BizEquity

Share this:

Send Post Twitter LinkedIn Facebook

Akamai Launches Client Reputation to Help FIs Make Better Security Decisions

By David Penn Posted on
Categories: Akamai, FinovateEurope 2015

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

Akamai is ready to demonstrate the new Client Reputation feature of its Kona Site Defender technology.

The Akamai Client Reputation service is designed to help financial services institutions improve their security decisions when the threat would otherwise be unclear. The service provides the ability to forecast intent and protect applications against Distributed Denial of Service and application layer attacks. It does this by identifying and sharing with customers the likelihood that particular IP addresses fall into one of four “malicious” categories: web attackers, Denial of Service attackers, web scrapers, and scanning tools.

Presenters: Ory Segal, director, threat research, and Nick Coleman, web security specialist
 
Akamai_8014.JPG
Akamai_8022.JPG
Product launch: February 2015
Product distribution strategy: Direct to Business
HQ: Cambridge, MA
Metrics: Revenue $1.58 billion in 2013; 5,000+ employees. Customers include 1 out of every 3 Global 500 companies; 8 of the top-10 U.S. online brokers; 8 of the top U.S. asset-management firms; and 10 of the top-10 P&C insurance carriers. Akamai delivers 15% to 30% of all Web traffic globally.
Website: akamai.com
Twitter: @AkamaiUK

Share this:

Send Post Twitter LinkedIn Facebook

MoneyHub Demonstrates its PFM Ecosystem

By David Penn Posted on
Categories: FinovateEurope 2015, Moneyhub

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

MoneyHub is up next, offering a personal finance management solution that puts users in the center of their financial universe.

The MoneyHub ecosystem is a place where users can aggregate their own data and information, access financial advice, and connect with financial institutions and other services.

The MoneyHub ecosystem puts the user at the center of their financial universe, helping them make better choices for their financial future and manage their relationships with financial institutions more effectively.

Presenters: CEO Toby Hughes and CTO Dave Tonge
 
MoneyHub_8005.JPG
MoneyHub_8010.JPG
Product launch: Q2 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms; licensed
HQ: Bristol, United Kingdom
Metrics: MoneyHub is a Bristol-based company in a phase of rapid growth. We currently have 40 employees and will be expanding further throughout 2015. MoneyHug currently tracks more than £3 billion (pounds) in consumer assets daily.
Twitter: @moneyhubapp

Share this:

Send Post Twitter LinkedIn Facebook

SOFORT Demonstrates its Banking Paycode to Ensure Secure Transactions

By David Penn Posted on
Categories: FinovateEurope 2015, SOFORT

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

A part of the Klarna Group, SOFORT offers innovative products to ensure secure transactions online.
SOFORT Banking Paycode is an online link to the SOFORT payment form, which already contains all relevant information for the transfer. By using the link, the digital transfer form is automatically filled in and ready for the transfer. You’ll find the paycode on your invoice, which you receive from the merchant via email, mail or SMS. The paycode can be entered either via the website of the merchant or at sofort.com. Alternatively, you can use the code link that leads you directly to our encrypted SOFORT Banking payment form. The transfer can then be carried out easily via SOFORT Banking.
Presenters: Christian Mangold, managing director, sales; Marc-Andre Bewernik, senior manager, products; and Fridolin von Schönau, senior manager, products
 
Sofort_7980.JPG
Sofort_7984.JPG
Product launch: May 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Gauting, Germany
Metrics:
  • Turnover 2014: approx. 25 million euro (increase in sales as compared to 2013: more than 30% across Europe)
  • External revenue with SOFORT Banking 2014: approx. 3.3 billion euro
  • Employees: 170 in 2014; 150, 2013
  • On average, 3,000 consumers use SOFORT Banking at least once
  • More than 18 million users have already used SOFORT Banking at least once
  • More than 100 million transactions since the company was founded
  • More than30,000 e-commerce shops use SOFORT Banking
Website: sofort.com
Twitter: @SOFORTAG

Share this:

Send Post Twitter LinkedIn Facebook

InvoiceSharing Launches its White Label, Electronic Invoice Distribution Platform for Banks

By David Penn Posted on
Categories: FinovateEurope 2015, InvoiceSharing

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

InvoiceSharing is up next, demonstrating its free electronic invoice distribution platform for banks.
We learned that banks need a white-label version of the InvoiceSharing platform for five reasons:
  • Reduce cost of capital (cost of unused lines of credit)
  • Bring added value to clients and upsell more
  • Distribute cash to companies in a new way
  • Split transactions and services provided to customers
  • Prove that banks do not over-credit companies
We are launching the first white-label version for banks to capture all the data they need to achieve these goals. Capturing all data from incoming and outgoing invoices and combining it with payment data and data from the company’s clients systems allows banks to lend more money with less risk at lower costs.
Presenter: CEO Jeroen Volk; VP of Business Development Stephen van Stek
 
InvoiceSharing_7950.JPG
InvoiceSharing_7956.JPG
Product launch: February 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed
HQ: Rotterdam, The Netherlands
Metrics: €2 million raised; growing 15% month on month with invoice volume in euros; 10 employees; deal with first bank for white label
Twitter: @invoicesharing

Share this:

Send Post Twitter LinkedIn Facebook

CoinJar Leverages BlockChain Technology to Provide a Wide Range of Digital Payment Options

By David Penn Posted on
Categories: CoinJar, FinovateEurope 2015

Thumbnail image for CoinJarLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

CoinJar is the eminent digital finance platform in the Australian market. The company’s co-founders are making their way to the stage.

CoinJar lets users buy, sell, send, receive, and spend digital and traditional forms of currency using the blockchain technology that underlies bitcoin. With a simple user interface designed for the average consumer, CoinJar bridges legacy payment systems and new digital platforms. It opens the potential for bitcoin to become the future of global remittance payments, automated escrow, smart contracts, digitized asset ledgers, and secured and signed user cryptography.

CoinJar also has an open API, allowing developers to innovate on top of the CoinJar platform to adopt the best of blockchain technology for uses other than currency.

Presenters: Co-founders Asher Tan and Ryan Zhou
 
CoinJar_7888.JPG
CoinJar_7893.JPG
Product launch: December 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: London, United Kingdom
Metrics: AU$450,000 raised in venture capital and angel investment; more than 40,000 users; more than $50 million in exchange transactions in Australia; 285,000 BTC sent between CoinJars worth $150 million; 13 employees
Website: coinjar.com
Twitter: @GetCoinJar

Share this:

Send Post Twitter LinkedIn Facebook

iSignthis Presents its Cloud-Based Identification and Transaction Authentication Technology for PSPs

By David Penn Posted on
Categories: iSignthis

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

Our next presenter is iSignthis, with its cloud-based identity and transaction-authentication solution for payment service providers.

A global, highly scalable, and fully remote combined evidence of identity and transaction authentication system to assist clients with meeting (i) Know Your Customer (KYC) for AML/CTF requirements and (ii) strong customer/payment authentication. The service generates evidence of identity on a dynamic basis, linking transaction parameters to the payment instrument and multifactor authentication. The service also assists PSPs with meeting the European Banking Authority’s SecuRE Pay and its strong customer authentication requirements, and the EC’s PSD2.

The service further provides operational benefits for any online business seeking to reduce customer onboarding friction, mitigate CNP fraud, and/or streamline operations.

Presenters: Managing Director John Karantzis; Commercial Director Marc Bongers
 
iSignThis_7877.JPG
iSignThis_7885.JPG
Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platform, licensed
HQ: Melbourne, Victoria, Australia
Metrics: $1 million USD raised to date; less than 15 employees; listing on ASX in January 2015
Website: isignthis.com
Twitter: @iSignthis_Ltd

Share this:

Send Post Twitter LinkedIn Facebook

Topicus.Finance Presents its Force Business Lending Solution

By David Penn Posted on
Categories: FinovateEurope 2015, Topicus

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

A provider of innovative, pay-as-you-go, cloud-based banking software, Topicus.Finance is next with its Force Business Lending solution.
The Force Financial Business Process Management (FBPM) solution is not a generic BPM platform, but one that knows about financial products, their structures, pricing, and provisions. It was developed with today’s challenges in mind and has its high-end financials analysis, rating, and pricing applications tightly integrated.
Presenters: Managing Director Michael Schipper, and Head of Business Lending Jamie Burink
 
Topicus_7872.JPG
Topicus_7875.JPG
Product launch: 2013
Product distribution strategy: Direct to Business (B2B) through financial institutions, licensed
HQ: Deventer, Netherlands
Metrics: At the end of 2014, Topicus.Finance has an estimated turnover of 20 million euros and 220 employees. The entire Topicus group has an estimated turnover of 48 million euros and 525 employees at the end of 2014. Topicus is wholly owned and financed by its founders and current board members.
Twitter: @Topicus.Finance

Share this:

Send Post Twitter LinkedIn Facebook

IDmission Introduces INFORM, an Enterprise-level Forms Builder

By David Penn Posted on
Categories: FinovateEurope 2015, IDmission

IDmission_logo_high-res.jpg

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
 
IDmission_7860.JPG
IDmission_7865.JPG
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

Share this:

Send Post Twitter LinkedIn Facebook

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
 
Xsolla_7835.JPG
Xsolla_7837.JPG
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

Share this:

Send Post Twitter LinkedIn Facebook