Author: David Penn

SecureKey Wins Deployment at Royal Canadian Mint

By David Penn Posted on
Categories: SecureKey

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Thanks to SecureKey, users of the Royal Canadian Mint’s new cloud-based digital currency, MintChip, will have the benefit of multi-factor authentication when it comes to securely accessing their digital dollars and cents.

SecureKey’s briidge.net Connect Mobile SDK will be embedded into the MintChip mobile app. Authentication is based on a unique device ID that connects the unit to the user account in the cloud, and a four-digit PIN.

Charles Walton, CEO at SecureKey states: 
“(This deployment) offers an excellent example of how our briidge.net Connect service can make the benefits of strong, multi-factor authentication available in an extremely friendly way for consumer-facing mobile apps.
Consumers will simply enter their QuickCode PIN on their mobile device to authenticate to their MintChip cloud account.”
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The MintChip project was announced in 2012. Backed by the Canadian government, the “digital cash-like product” in the words of Royal Canadian Mint chief emerging payments officer, Marc Brûlé, is designed to facilitate small denomination shopping (i.e., $10 and below) such as buying coffee or fast food, as well as for online transactions.
The secure smart card supports both MicroSD for use with mobile devices and USB for use with PCs. Merchants with significant transaction volumes can take advantage of a secure hardware option.
SecureKey won Best of Show for their authentication technology at FinovateFall 2010 in New York. The company has raised more than $49 million, and is headquartered in Toronto, Canada.

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Finovate Alumni News– February 18, 2014

By David Penn Posted on
Categories: Azimo, Betterment, BillGuard, BlinkMobile Interactive, CAN Capital, DeviceFidelity, Doxo, EyeVerify, Fenergo, FIS, Matchi, Personal Capital, planwise, Taulia, Wealthfront, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgScotiabank selects Fenergo’s regulatory onboarding solution.
  • FIS announces partnership with Microsoft Cybercrime Center.
  • Azimo credits Indian expansion for surge in new cash pick-up points.
  • Betterment, Personal Capital, Wealthfront featured in Boston Globe column on personal wealth.
  • DeviceFidelity unveils RF technology behind its latest stand-alone, NFC microSD card.
  • Find Biometrics interviews Toby Rush, CEO of EyeVerify.
  • Vincent Turner, Planwise CEO, gives a closer look at the Planwise Solid Earth partnership.
  • Forbes examines how CAN Capital reinvents financing for SMBs.
  • City of Prosser launches on doxo to simplify bill pay and add mobile interaction.
  • BillGuard now offering free card monitoring for unlimited number of cards.
  • Taulia triples revenue growth in 2013.
  • BlinkMobile enters Europe, eyes U.S.
  • Xero adds a new chairman, director, and CEO of North America.
  • Matchi hires new CEO, David Milligan.
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 2014: Twitter on the Thames

By David Penn Posted on
Categories: FinovateEurope 2014

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It’s only fitting that our biggest FinovateEurope ever would feature the liveliest Twitter feed in FinovateEurope history as well.

Maybe you were one of those retweeting support of not just “demos that taste good”, but “demos with good taste,” too. Perhaps you were among the many marveling at those great sketch summaries of FinovateEurope from follower @jonohey of FinovateEurope 2012 alum, Nutmeg. 

But however you may have enjoyed FinovateEurope 2014, there is no doubt that social media was a big part of the story this year.

You’ll have to go see some of the saltier tweets on your own. But here are a handful of highlights (click for larger version):

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See you in San Jose in April!

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Mobino Presents Its Universal Mobile Payments Solution

By David Penn Posted on
Categories: FinovateEurope 2014, Mobino

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

The team from Mobino is making its way to the stage now with their innovative approach to bringing mobile payments to the masses.

“The new Mobino app 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
We are looking for distribution partners and investors to expand our reach in Europe and worldwide.”
Presenting Jean-Francois Groff (CEO) and Bea Beyer (Evangelist)
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Product Launch: November 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Geneva, Switzerland
Founded: March 2011
Website: mobino.com
Twitter: @mobino

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Temenos Presents its Treasury Management Dashboard Tablet App

By David Penn Posted on
Categories: FinovateEurope 2014, Temenos

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

From Geneva, Switzerland, the team from Temenos is up next with their solution for managing treasury operations.

“The Temenos Treasury Management Dashboard Tablet App has been developed for Microsoft Windows 8 and enables the transformation of treasury operations. It provides a dynamic dashboard user interface, accessing real time, accurate business-critical information in relation to the bank’s overall position against the market, enabling them to spot opportunities and manage risk from wherever they are and at any time. 
This app allows better access, increased mobility, and stronger collaboration for information sharing in the workplace whilst enabling treasury managers to be far more responsive and effective in making critical business decisions – ultimately producing higher returns and managing risk.”
Presenting Adam Gable (Product Manager) and Mike Williams (Sales Director, Temenos Channel Solutions)
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Product Launch: May 2014
Metrics: 3,700 employees worldwide; 1,500 customer deployments; $450 revenue in 2012
Product distribution strategy: Direct to Business (B2B)
HQ: Geneva, Switzerland
Founded: 1993
Website: temenos.com
Twitter: @Temenos

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NF Innova Presents its Personal Experience Module to Boost Customer Engagement

By David Penn Posted on
Categories: FinovateEurope 2014, NF Innova

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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 NF Innova, a software company that specializes in omni-channel customer interaction products.

“Personal Experience Module, a part of iBanking product suite, enables banks to offer their customers a truly unique and tailored user experience. Namely, instead of static, CRM-based rules used for segmentation, this module provides for the adaptive behavior of the entire system, tailoring the user interface for each individual client, without the administration by the bank’s staff. 
It monitors the subscribed products and services, user’s behavior on the digital touch points (portal, mobile devices, etc.), and automatically provides the exact mash-up of functionalities that are most appropriate for the specific customer at the given time and the communication device.”
Presenting Eldar Banjica (CEO) and Dejan Petkovic (Director, Products & Strategy)
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Product Launch: iBanking: June 2012, Personal Experience Module: February 2014
Metrics: 42 employees, estimated €1.5 million in revenue in 2013, estimated 1 million named users of iBanking in 2013
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Vienna, Austria
Founded: March 2013
Website: nfinnova.com

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PhotoPay Cloud Simplifies Paper, PDF Bill Payment on Mobile Devices

By David Penn Posted on
Categories: FinovateEurope 2014, PhotoPay

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

Our next presenter is the team from PhotoPay, debuting PhotoPay Cloud:

“Send any kind of payment related document from your mobile device to PhotoPay Cloud service and it will automatically extract necessary payment data for very simple, one tap payment experience. PhotoPay Cloud will handle any type of bill or invoice customers can receive – photo of a paper bill, PDF document and other types of electronic documents.
“Besides simple payment, PhotoPay Cloud can archive documents for users and provide banks with a deeper understanding of customer financial behavior.
PhotoPay Cloud service can be integrated as a mobile banking feature or as a stand-along product. It can be used as a private, on premises installation or through a secure cloud API.”
Presenting Damir Sobol (Founder & CEO) and Jurica Cerovec (Lead Engineer)

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Product Launch: February 2014
Metrics: Self-financed, 8 employees, 8 bank customers in 5 countries
Product distribution strategy: Private cloud setup or secure cloud API, direct licensing, through other fintech companies and platforms
HQ: Zagreb, Croatia
Founded: April 2013
Website: photopay.net
Twitter: @photopay

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SecureSafe Emphasizes Connectivity, Security in Cloud Storage

By David Penn Posted on
Categories: FinovateEurope 2014, SecureSafe

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

Our next presenter is the team from SecureSafe, demoing their Swiss online storage that is as safe as a bank vault.

“The financial services ecosystem suffers from the fact that each service provider has its own portal through which data is delivered in a 1:1 fashion. SecureSafe presents a platform that connects banks, EAA, POA, FIM, SNE customers, and private customers. Documents can be sent from banks to professional partners such as EAA, which then can be shared with the assigned end customers. 
Metadata that is passed together with the documents allows for an improved experience and processing on all levels. Professional teams can seamlessly and securely work together with the high-privacy platform run in Switzerland.”
Presenting Tobias Christen (CEO and Co-Founder) and Tim Kahrmann (Head of Marketing)

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Product Launch: February 2014
Metrics: 500,000 registered users, 10 full time employees
Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Zurich, Switzerland
Founded: January 2008
Twitter: @SecureSafe

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EZBOB Debuts its New Proprietary Business Lending Platform

By David Penn Posted on
Categories: EZBOB, FinovateEurope 2014

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

Making their way to the stage now is EZBOB, a web-based, fully-automated lending platform for SMEs.

“EZBOB’s lending platform was initially designed to provide an automated funding solution for online retailers, such as people operating online shops on eBay, Amazon, or those using PayPal.
“At Finovate EZBOB is launching their new proprietary platform (EZ10.1), which allows for any of the 5 million SMEs in the UK to apply online in minutes and find out how much funding is available to them.
“Now, all business applicants will enjoy EZBOB’s USP, which is a short online application with an automated lending decision and instant funding of up to 50,000 pounds.”

Presenting Nimrod Kaplan (COO) and Tomer Guriel (CEO & Co-Founder)

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Product Launch: February 11, 2014

Metrics: £6 million raised, 15 employees
Product Distribution Strategy: Direct to Business (B2B)
HQ: London, UK
Founded: November 2011
Website: ezbob.com

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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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