GMC Software Technology Debuts Inspire Research Portal for Investors to Streamline the Wealth Management Process

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This post is part of our live coverage of FinovateAsia 2013.

Coming to the stage for the first of two separate presentations here at FinovateAsia is GMC Software Technology.

“GMC Software Technology is proposing Inspire Research Portal for Investors. Wealth management groups, investment companies and banks have their own team of market researchers who would study the markets and provide their findings to investors on what they could do to secure or enhance their investments. But the current process is too manual and prone to errors. GMC Software Technology has researched and identified that there is a need to streamline this process, as there is no centralized platform or a total solution which could fulfill all these requirements.”
Presenting Matthias Kraaz (Technical Director, APAC) and Kelvin Huang (Assistant Manager, Professional Services)

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Product Launch: November 14, 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Appenzell, Switzerland
Founded: 1994
Website: gmc.net
Twitter: @gmc_net

Mobino Debuts the International Version of its Universal Mobile Payments Solution

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This post is part of our live coverage of FinovateAsia 2013.

Making their way to the stage in our first presentation after the noon lunch break is Mobino. The company is debuting its universal mobile payments solution.

“We are introducing the international version of the Mobino application, available in 5 languages and 50 currencies.
  • Various scenarios will be outlined:
  • 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 and cash-out operations at agents
We are looking for distribution partners and investors in the Asia Pacific region in order to prepare service launch.”
Presenting J.F. Groff (CEO) and Sabrina Bailly (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, and licensed.
HQ: Geneva, Switzerland
Founded: March 2011
Website: mobino.com
Twitter: @mobino

Dragon Wealth Debuts its SMAC App to Help Advisors Serve High Net-Worth Clients

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This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Dragon Wealth. Their innovation is the Dragon Wealth SMAC App.

“Dragon Wealth SMAC app is a solution that enables wealth management advisors to make smarter, well-informed recommendations to their high net-worth clients. The solution takes advantage of the cloud to analyze big data and select social media via a social mobile analytics platform to deliver a customized dashboard via a tablet application. 
Wealth management advisors and their clients will have transparent access to at-a-glance information on their investment behavior, peer group comparisons, and expert reports to make informed decisions on investments. Financial institutions get to easily customize the platform to suit their unique needs and requirements.”


Presenting Bert-Jan van Essen (MD & Co-Founder) and Dana Ritter (MD & Co-Founder)

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Product Launch: November 13, 2013

Metrics: S$500,000 funding, founded by former CIO Private Banking APAC, Credit Suisse & Head Advisory Systems APAC, Credit Suisse
Product distribution strategy: Direct to Business (B2B), through financial institutions & licensed
HQ: Singapore
Founded: June 2013
Twitter: @bertjanarosa / @danaritter3

Paperless Client On-Boarding for Retail Banks Courtesy of GMC Software Technology

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This post is part of our live coverage of FinovateAsia 2013.

Making their way to the stage for the first of two presentations here at Finovate is GMC Software Technology, with their Paperless On-Boarding App.

“An innovative tablet application, enabling a totally paperless client on-boarding process for retail banks. The solution allows banking agents to on-board a client with a proof of identity, photo, signature and more without using any paper processes removing significant cost and time. On completing the process, clients are sent a digital dynamic welcome kit where they can click on different sections, drill down to areas of interest and view all their signed documents electronically. The welcome kit and all documents can be accessed on any PC or mobile device supporting a completely paperless end-to-end client on-boarding process.”
Presenting Antoine Hemon-Laurens (Director, Product Mobile Marketing) and Nick Dempsey (Regional Manager, ANZ)

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Product Launch: November 14, 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Appenzell, Switzerland
Founded: 1994
Twitter: @gmc_net

i-exceed technology solutions Presents Appzillon, a Next Generation Mobile App Development Platform

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This post is part of our live coverage of FinovateAsia 2013.

Starting this off after our first networking break of the day is the team from i-exceed technology solutions.

“Appzillon is the next-generation mobile application development platform that offers unparalleled reusability, speed, and control to app developers. Appzilllon allows developers to focus on delivering the best possible user experience instead of the time consuming and complex tasks of security, reusability and integration with backend enterprise systems. Net result: Appzillon helps slash app development cycle times by as much as 50%. This means apps reach the market sooner, while the overall cost of development designing and deployment is reduced.”
Presenting Kapil Gupta (Director) and Sudhir Babu (VP Technology)

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Product Launch: October 2012
Metrics: 140+ employees
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms, and licensed
HQ: Bangalore, India
Founded: May 2011
Website: i-exceed.com
Twitter: @Appzillon

Mistral Mobile Presents its Money Mobility Suite for Mobile Financial Services

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This post is part of our live coverage of FinovateAsia 2013.

Our final presenter of the first morning session is Mistral Mobile, with a demonstration of their Money Mobility Suite.

Money Mobility Suite from Mistral Mobile eliminates the technological barriers to providing mobile financial services. Money Mobility Suite is a mobile front-end solution that works on any phone, on any network and anywhere – allowing you to reach and serve more customers, with faster time-to-market, and higher cost efficiency than alternative solutions, driving your revenues and lowering your operating costs dramatically.
Presenting Peter Ollikainen (SVP Product Marketing) and Steven Frank (S.E. Asia Representative)

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Product Launch: Current version – November 2013
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platform providers
HQ: Finland
Founded: April 2012
Twitter: @MistralMobile

SaaS Markets Presents the MarketMaker Enterprise App Store Platform

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This post is part of our live coverage of FinovateAsia 2013.

Our second presenter of FinovateAsia 2013 is SaaS Markets. The team from San Mateo is here to show the MarketMaker Enterprise App Store Platform for Financial Companies.

“SaaS Markets’ MarketMaker Enterprise app store platform allows financial companies to deploy a fully branded app store containing your proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications.”
Presenting Jay Manciocchi (Director of Content) and Cameron Ministri (Enterprise Sales Manager)

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Product Launch: January 2013
Metrics: Funding: $3.5M (private); employees: 20+ (U.S. & Europe); revenues: confidential, but fully profitable
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: San Mateo, California, USA
Founded: November 2011
Twitter: @SaaSMarkets

LifePAD Pledges a Personal Online Bank Manager in Every Tablet

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This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Moscow-based LifePAD.

“LifePAD gives every customer an opportunity to have a personal online bank manager in his tablet that can be reached with any question 24/7.”


Presenting Alexey Mikhaylik (CEO) and Marina Lapshina (Coordinator)

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Product Launch: January 10, 2013

Metrics: Private funding $6M, life-pad.ru launched in 2013
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: Moscow, Russian Federation
Founded: October 2012
Website: life-pad.ru

Red Zebra Analytics Presents its Analytics Engine to Boost Customer Engagement

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This post is part of our live coverage of FinovateAsia 2013.

The first presentation of FinovateAsia 2013 is about to begin. Red Zebra Analytics are coming to the stage right now to demo the Red Zebra Analytics Engine.

“Suitable for any banking system, the Red Zebra Analytics platform is secure, fast, flexible and highly cost efficient. It maps consumer purchase behavior in detail, yet keeps the data entirely safe, with no individual customer identification ever leaving the bank. Retailers pay to upload campaigns via a simple interface while state-of-the-art predictive analytics deliver the right offer to the right customer at the right time and through the right channel. And for bank customers, it’s a way to save money on things they actually want.”
Presenting Manuel Ho (COO) and Nell Omar (MD)

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Product Launch: May 2012
Product distribution strategy: Direct to Business (B2B) & through financial institutions

HQ: London, United Kingdom
Founded: August 2011

Majulah Fintech! Finovate Returns to Singapore

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One of the world’s busiest ports, a leading global financial center, and featuring the third highest per capita income in the world … is there any wonder why we are back in the sovereign city-state known as “Lion City” for FinovateAsia 2013?

There are less than 24 hours to go before the curtain goes up on our second show ever here in Singapore, and presenters are busy putting the final touches on their demos. 

When
Registration opens at 8:00 AM and the first demo session starts at 9:00 AM, so be sure to come early and get your seat before the first session. 

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Where to Go
Walk, bus, drive, or cab to the MAX Atria @ Singapore Expo (1 Expo Dr. Singapore 486150). If you’re unable to make it, there are still a couple of different ways to enjoy the show:
Live Blog
As we do at every Finovate event, the Finovate research team will be posting all day long, live, from the MAX Atria at Finovate.com.
We’ll document each and every presentation in real time, highlighting the innovations, key metrics, and business strategies that will help bring the benefits of the latest in financial technology to banks, businesses, and consumers around the world.
Live Tweet
And for those who prefer their FinovateAsia updates in 140 characters or less, the Finovate Twitter feed is the place to be. Follow us at @Finovate, and use the #Finovate in your tweets to take part in the conversation.
Presenters
This year, 36 companies will demo a wide range of fintech innovations ranging from security and lending to mobile payments and asset management. Below is a look at the startups and veteran enterprises that will be presenting at this year’s event.
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Everything you want to know about FinovateAsia 2013 is available at our FAQ page here. And, as always, feel free to email your questions to us at [email protected]. We are grateful for your support and can’t wait to see you here in Singapore.

Alternative Lender LendUp Raises $14 Million in New Funding

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LendUp has secured $14 million from Google Ventures and QED Investors to help consumers with little to no credit gain access to short-term capital. This latest round brings LendUp’s total funding to more than $18 million.

LendUp provides an alternative to the kind of high-interest loans which are often the only recourse for those in underbanked communities. The company provides loans of up to $1,000 annually with rates as low as 29% APR. Additionally, the loans come free of rollover charges and have no hidden fees.

The company’s technology includes algorithms that help target those lenders who are most likely to repay their loans. This allows LendUp not only to provide loans to those unable to borrow from traditional sources, but also to do so at a reasonable cost to the borrower and reasonable risk to the lender.

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More than just a provider of affordable short-term financing, LendUp encourages socially responsible lending through its LendUp Ladder program. The LendUp Ladder program is geared toward helping borrowers build their credit through a combination of small dollar/short-term loans (typically up to $250 for up to 30 days) and educational resources on managing credit.

LendUp was most recently in the news courtesy of its partnership with Corduro (FS2013) to provide loans to help cover medical expenses. LendUp also launched a program to provide instant online loans earlier this year, the first company in the U.S. to offer such a service.

LendUp demoed its technology at FinovateSpring 2013 in San Francisco, where the company was among those voted Best of Show by conference attendees. See LendUp’s presentation here.

Ripple Labs Announces $3.5 Million in New Funding and a New Real-Time Pricing App

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With participation from Core Innovation Capital, Venture 51, Camp One Ventures, IDG Capital Partners, as well as additional individual investors, Ripple Labs (formerly OpenCoin) announced that it has raised an additional $3.5 million in financing. 

Boosting the company’s total funding to $9 million, the new capital will be put to use building tools for developers and consumers alike, geared toward enhancing the Ripple ecosystem.

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What is Ripple? One of the more compelling innovations of the still-nascent Bitcoin era, Ripple is a payment system that enables fast, secure, and virtually free transactions with no chargebacks to merchants. 

Transactions can take place anywhere around the world, and in any size, allowing users to send money in one currency and receive it in currencies ranging from dollars to yen to Bitcoin.
Says Ripple Labs CEO Chris Larsen, “Similar to the way in which email and other technologies drove the creation of a new global information web where anyone can communicate instantly and for free, Ripple is changing the way the world transacts with the first global value web.”
Arjan Schütte, founder and managing partner of Core Innovation Capital, agrees: “Ripple removes friction from even the most basic of payment transactions, leveling the playing field for underserved individuals and emerging markets around the globe.”
In addition to the funding news – and the name change – Ripple Labs has announced its platform is now fully open-sourced, and has produced its first app, Ripple Price (see above left). Ripple price provides real-time pricing for users, making it that much easier to discover and track the current price of XRP. Read more about the new app at the Ripple blog
Ripple Labs, as OpenCoin, made its Finovate debut at our spring show in San Francisco earlier this year. See their presentation here.