Author: David Penn

Topicus Finan Presents its Self Service Business Lending Solution

By David Penn Posted on
Categories: FinovateEurope 2014, Topicus

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This post is part of our live coverage of FinovateEurope 2014.

The team from Topicus Finan is on stage right now, ready to demo Finan Financials.

“Self service for business lending as a service extension to face-to-face advice is something that modern clients expect from a bank. We are demonstrating the impact of self-service. The entrepreneur has the option of working with what-if scenarios to assess the financial impact of his investment in real time. A key aspect is that the entrepreneur is not aware of typical banking complexities. Instead, communication is centered on concepts he understands, like the cost of a new machine and turnover growth.”
Presenting Michiel Schipper (CEO) and Jamie Burink (Senior Consultant Innovative Banking)


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Product Launch: Finan Financials has been available since Q3 2012 and in use by banks and hundreds of accountants. The release of the software, announced in Q4 2013, includes a new portal for entrepreneurs with dash boarding and powerful, yet fun to use what-if scenarios.
Metrics: Estimated turnover in 2013 of Topicus Finan is €4.1 million with an average of 42 full-time employees, 52 current full time employees at the end of 2013. Estimated turnover of the entire Topicus group is €40 million with an average of 380 full time employees, 420 full time employees at Topicus in 2014. Topicus is wholly owned and financed by its founders and current board members.
Product Distribution Strategy: Direct to Business (B2B)
HQ: Zwolle, Netherlands
Founded: December 1993
Twitter: @TopicusFinan

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CurrencyTransfer Launches its FX Price Feed Aggregator for SMEs

By David Penn Posted on
Categories: CurrencyTransfer, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

Our next innovator is CurrencyTransfer, developer of technologies to make it easier for small and medium sized businesses to operate internationally.

“FX price feed aggregator and execution platform that takes the technology blue chip treasurers take for granted, and makes it accessible to the masses. We offer a price feed aggregation solution to problems SMEs trading internationally face, including: outdated phone based comparison, experiencing ‘honeymoon rates’ & dreadfully expensive bank foreign exchange rates. 
Our goal is to create efficiency & total price transparency in an expensive, and opaque international money transfer industry. Version 1 features include: bidding platform, trade execution, multi broker registration & post trade history.”
Presenting Daniel Abrahams (Co-Founder & Head of Partnerships) and Steven Litobac (Co-Founder & Head of Product)

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Product Launch: February 2014
Metrics: Public launch of CurrencyTransfer.com at Finovate, office in London & Tel Aviv; 7 employees
HQ: London, UK
Founded: December 2013
Twitter: @currencytransfr

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SaaS Markets Helps FIs Build, Brand and Launch Their Own App Stores

By David Penn Posted on
Categories: FinovateEurope 2014, SaaS Markets

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This post is part of our live coverage of FinovateEurope 2014.

Making their way to the stage is the team from SaaS Markets with their Enterprise Cloud Marketplace Platform for financial companies.

“Saas Markets’ MarketMaker platform allows financial companies to deploy a fully branded cloud marketplace containing proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications, plus other cloud products and services – all in one convenient marketplace for your employees or business customers.”
Presenting Ferdi Roberts (CEO & Founder) and Jay Manciocchi (Director of Marketing)

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Product Launch: November 2013
Metrics: $3.5 million private funding, 20+ employees in USA and Europe, confidential revenues, but fully profitable.
Product Distribution Strategy: Direct to Business (B2B), through financial institutions
HQ: San Mateo, CA, USA
Founded: November 2011
Twitter: @SaaSMarkets

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Nous.net’s Spark Feed Leverages Trading Intuition Rather Than Software Algorithms

By David Penn Posted on
Categories: FinovateEurope 2014, Nous.net

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This post is part of our live coverage of FinovateEurope 2014.

Next up to the stage is Nous.net, a company that operates a next generation, free trading simulator

“Nous ‘Spark Feed’ is a real-time financial data service that helps you understand and predict the markets. Uniquely, Spark Feed uses the intuitive and analytical capabilities of tens of thousands of real people, not software algorithms. Their predictions are segmented by proven trading skill and then quantitatively blended.”
Presenting Justin Short (CEO & Founder) and Mick Horgan (Co-Founder)

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Product Launch: February 11, 2014
Metrics: Self-funded, pre-revenue, pre-launch; 5 FTE; 15,000 users (January 2013)
Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: Tokyo, Japan (Operations), British Virgin Islands (Legal)
Founded: September 2012
Website: nous.net
Twitter: @nousinc

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Encap Security’s Smarter Authentication Turns Personal Devices into Security Credentials

By David Penn Posted on
Categories: Encap, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

From Oslo, Norway, Encap Security is next, demoing their software-based, authentication solution.

“Smarter Authentication is the world’s only software-based, banking-grade, authentication technology that doesn’t compromise between security, user experience and utility.”

Presenting Thomas Bostrøm Jørgensen (CEO) and Adam Dolby (VP Bus. Dev.)

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Product Launch: November 1, 2012
Metrics: People – Based in Oslo and Palo Alto, Encap Security’s management team has more than 60 years’ experience and an unrivaled pedigree in authentication, identity management, mobile app security and mobile financial services. Finance – Following a recent funding round, the total investment in Encap Security stands at €4.8 million. Market Traction – Encap Security’s solution is used by major financial institutions, enterprises and technology integrators including Santander Consumer Bank Norway, EnterCard and Sparebanken Vest. Encap Security’s technology is approved by the Norweigian Banks’ Standardisation Office and security experts Room66.
Product distribution strategy: Indirect through System Integrators and Service Providers, Direct to Business (B2B), and through financial institutions/tech companies and licensed platforms.
HQ: Oslo, Norway
Founded: 2007
Twitter: @encapsecurity

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Vaamo Debuts its Mobile-Optimised Goal Saving App

By David Penn Posted on
Categories: FinovateEurope 2014, vaamo

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This post is part of our live coverage of FinovateEurope 2014.

Making their way to the stage now is the team from vaamo, demoing their goal saving app.

“Our web application is designed to provide private individuals with easy to use and intuitive access to savings and investments. A key differentiator is the focus on customer’s personal financial goals instead of financial products, the strict limitation of available financial products to only one investment solution, as well as the mobile optimization.
Customers can set up personal financial goals (e.g., retirement, new home), and define for each goal the amount they want to save by when, how much they want to save today and regularly, and which risk they are willing to take. Inputs are instantaneously illustrated using a chart that projects future contributions, performance, and risk, enabling customers to understand the impact of each input.”
Presenting Oliver Vins (Co-Founder & CPO) and Thomas Bloch (Co-Founder & CFO)
 
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Product Launch: Spring 2014 (soft launch)
Metrics: 14 employees; > €500,000 capital raised to date
Product distribution strategy: Direct to Consumer (B2C)
HQ: Frankfurt, Germany
Founded: April 2013
Website: vaamo.de
Twitter: @teamvaamo

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Five Degrees Launches Matrix, the Universal Bank in the Cloud

By David Penn Posted on
Categories: FinovateEurope 2014, Five Degrees

FiveDegreesLogo.jpgThis post is part of our live coverage of FinovateEurope 2014.

Our next innovator is Five Degrees, showing how they have leveraged their core BPM universal banking solution to provide a suite of new services:
“Matrix Accounts is a modern lean back office solution that manages product and admin specific data for the benefit of the mid and front office operations. Matrix Accounts is designed for existing banks, as well as banks of the next generation. With a focus on automation, flexibility, traceability and security, Matrix Accounts is the solution for lowering cost and enhancing agility in the banking environment. Matrix Accounts incorporates a highly flexible product builder to support the varying needs of different kinds of banks: retail, commercial and investment. Matrix Accounts comes with basic features, covering all standard needs of any bank.”
Presenting Bjorn Holmthorsson (Co-Founder & CTO) and Brian van Wachem (Chief Commercial Officer)

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Product Launch: February 11, 2014
Metrics: Software company founded in 2009, delivering front-to-back next generation banking platform, operating with 45 staff from the Netherlands, Iceland and Luxembourg, ISAE 3000 certified, revenue 2012 €3.3 million, 2013 expected revenue €3.7 million; funding: Angel rounds (2009/2010): €2 million, Series A (2011): €3 million, April 2013: €1.5 million
Product Distribution Strategy: Licensed
HQ: Breukelen, Netherlands
Founded: 2009

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Feedzai Fraud Prevention Helps Make Omni-Channel eCommerce Safe

By David Penn Posted on
Categories: Feedzai, FinovateEurope 2014

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This post is part of our live coverage of FinovateEurope 2014.

Our final presenter of the first afternoon session is Feedzai. The team from San Mateo, California is making their way to the stage right now.

“Feedzai Fraud Prevention blocks payment fraud in real time – online, in store, mobile and wherever customers shop. Built with the latest Big Data technology, Feedzai Fraud Prevention works transparently to risk score every single checkout transaction in under 25 milliseconds. Machine-learning models reduce the false alarms that overload order review staff. Individual 1-1 behavioral profiling detects more fraud than possible before. White-box scoring techniques provide clear, human readable explanations to enable a rich customer experience.”
Presenting Nuno Sebastio (CEO) and Nuno Pires (VP Sales)

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Product Launch: September 2013
Metrics: $4.4 million raised, 40 employees, achieved profitability
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: San Mateo, California
Founded: November 2008
Website: feedzai.com
Twitter: @feedzai

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The Moneyer Brings Collaboration and Social Networking to Personal Finance Management

By David Penn Posted on
Categories: FinovateEurope 2014, The Moneyer

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This post is part of our live coverage of FinovateEurope 2014.

The team from The Moneyer is making its way to the stage right now. 

“Finance is often a highly personal matter, but there are many cases thinkable where a person or organization needs to share financial info ration with others. 
The Moneyer offers the possibility to invite other users (member and non-member) on an existing financial dashboard. Thereby creating a collaborative workspace where groups of people can view and work with shared data.”
Presenting Erik Driessen (CEO) and Lior Bornshtain (CTO)

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Product Launch: November 2013
Metrics: €1.3 million invested; 10 employees
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, licensed
HQ: Amsterdam, The Netherlands
Founded: April 2011
Website: themoneyer.nl
Twitter: @themoneyer

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Top Image Systems Presents a Trio of Mobile Image Processing Solutions

By David Penn Posted on
Categories: FinovateEurope 2014, Top Image Systems

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This post is part of our live coverage of FinovateEurope 2014.

Making their way to the stage now is Top Image Systems with their mobile image processing solution suite:

“Top Image Systems has leveraged its deep recognition and imaging expertise to develop a powerful suite of image processing applications for mobile devices. These applications optimize user experience and minimize communication failures: 
MobiPay expedites mobile bill payment, letting users snap images to add payees and payment methods; MobiCHECK facilitates mobile remote deposit capture and MobiFLOW enables mobile processing of documents of any size and format. TIS’ mobile image processing technologies combine APMI (Automatic Perfect Mobile Image) “auto-capture’ functionality with IQA (Image Quality Analysis) and on-device intelligence on the handset.”
Presenting Isaac Rome (VP Mobile Solutions)

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Product Launch: March 2012
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Ramat Gan, Israel
Founded: March 1991
Twitter: @TopImageSystems

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Efigence Teams Up with Idea Bank to Present New Transaction System for SMEs

By David Penn Posted on
Categories: Efigence, FinovateEurope 2014, Idea Bank

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This post is part of our live coverage of FinovateEurope 2014.

Coming to the stage now is the combined team of efigence, builder of web and mobile IB platforms, and Idea Bank, a specialist in SME banking.

“We are presenting a tool for small and medium enterprises. It is a new transaction system for SMEs that is connected with accountancy systems and a company’s cash flow analysis.”
Presenting Marek Lesiak (CTO, efigence), Andrzej Szewczyk (Managing Director, efigence), and Steve Sutton (Innovation Manager, efigence)

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Product Launch: Q1 2014
Product distribution strategy: Direct to Business (B2B), Direct to Consumer (B2C)
HQ: efigence: Warsaw, Poland; Idea Bank: Warsaw, Poland
Founded: efigence: 1999; Idea Bank: 2010
Twitter: @efigence, @IdeaBankSA

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LifePay Introduces its Financial Ecosystem

By David Penn Posted on
Categories: FinovateEurope 2014, LifePay

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This post is part of our live coverage of FinovateEurope 2014, and has been updated.

Starting us off after the noon break is LifePay from Moscow.

“Today we are talking about our evolution from ordinary mobile card reader solution to the LifePay Ecosystem.
Over 1.5 years of existence, we have connected more than 8,000 companies to LifePay, and also created a complete closed system of inside interaction. The components of LifePay Ecosystem include:
  • Mobile app builder for business apps (iOS and Android)
  • Consumer downloads building app with order delivery via LifePay mPOS (accepts card payment; SMS receipt with LifePay Wallet offer)
The app tracks all transactions and gives the opportunity to pay for further bargains without taking your card out of your pocket. LifePay Stand, a free tablet for business with preinstalled ecosystem software.”
Presenting Vladimir Akimov (COO) and Viacheslav Semenchuk (CEO) and Helena Spirina (customer)

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Product Launch: January 2014
Metrics: Money raised: $2.6 million; number of employees: ~30; revenues: ~200,000 RUR; registered users: over 5,500; readers realized: over 15,000; website traffic: 100,000 DAU
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: Moscow, Russia
Founded: September 2012
Website: life-pay.ru
Twitter: @LifePay

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