Author: David Penn

PhotoPay Makes Real-Time Paper Bill Payment Mobile

By David Penn Posted on
Categories: FinovateEurope 2013, PhotoPay
This post is a part of our live coverage of FinovateEurope 2013.
Next to take the stage is Croatia-based PhotoPay:

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“PhotoPay and PDFpay are greatly improving 
the paper and electronic bill payment experience on mobile devices. PhotoPay uses a phone camera to extract payment data from paper bills and payment slips.   PDFpay is used to extract payment data from bills and offers received electronically (in PDF, HTML, or other electronic format), allowing very simple payment without manual data entry.
Our unique smartphone technology recognizes payment slips in real-time and intelligently extracts payment data in a few seconds from paper or electronic bills. And users love it – it is much simpler and up to 10 times faster than typing payment data.”
Product Launched: February 2012
HQ Location: Zagreb, Croatia
Company Founded: June 2011
Metrics: Our first bank customer has seen a 2,000% increase in mobile bill payments after implementation
Website: photopay.net
Twitter: @photopay
Presenting Damir Sabol (Founder and CEO) and Jurica Cerovec (CTO)
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CurrencyFair Unveils New Mobile App

By David Penn Posted on
Categories: CurrencyFair, FinovateEurope 2013
This post is a part of our live coverage of FinovateEurope 2013.

CurrencyFairLogo.jpgAfter a short break, CurrencyFair is here to start off the second session of the morning here at FinovateEurope:

“With CurrencyFair’s new mobile app, it’s easy to make exchanges on the go, at the exact moment you choose. There will be a host of new features, such as the ability to set a rate alert when, for example, the rate available on CurrencyFair is better than the current market mid (interbank) rate.”
Product Launched: March 2013
HQ Location: Dublin, Ireland
Company Founded: April 2009
Metrics: £2 million equity funding raised; more than 15,000 registered users; more than £1 million exchanged daily on average; more than £300 million transacted to date
Twitter: @currencyfair
Presenting Brett Meyers (Managing Director) and Jonathan Potter (Director)
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GMC Software Technology Launches Inspire Dynamic Statement

By David Penn Posted on
Categories: FinovateEurope 2013, GMC Software Technology

Thumbnail image for GMC_logo.jpgThis post is a part of our live coverage of FinovateEurope 2013.

As we near the end of the first session on Wednesday morning, representatives from GMC Software Technology are coming to the stage:

“GMC Inspire Dynamic Statement is an interactive and engaging way to present your customers’ statements, online or offline. Instead of the standard tabular statements, GMC Inspire can generate thousands of dynamic statements in minutes, presenting your customers’ data though attractive charts and graphs that are fully clickable.
Areas that require attention and action can be highlighted and customers can even drill down to granular level detail providing a fully intuitive service. GMC Inspire also allows you to track usage of every statement and use this data to populate relevant offers and marketing messages for every customer.”

Product Launched: March 28, 2013

HQ Location: Appenzell, Switzerland
Company Founded: 1994
Twitter: @gmc_net
Presenting Didier Rouillard (VP Product Marketing) and Tomáš Sedláček (Product Manager)
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Xendpay Introduces Cash-to-Cash Mobile Payments

By David Penn Posted on
Categories: FinovateEurope 2013, Xendpay

This post is a part of our live coverage of FinovateEurope 2013.

Starting off day two here at FinovateEurope is Xendpay. The COO and CEO are coming to the stage right now:

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“Xendpay itself is very new. However, we will be demonstrating a new service: a cash-to-cash mobile international payment. The user will send a money transfer without a payment card or bank account using just their mobile phone from a corner shop.

Previously to do this kind of payment, the person would have to visit a Western Union (or similar) agent.

Xendpay can also send a conventional card-to-bank payment, as well.”
Product Launched: August 2012
HQ Location: London, UK
Company Founded: July 2012
Metrics: 6 employees; more than 20,000 registered users; average money transfer is £700; money sent to more than 80 countries
Website: xendpay.com
Twitter: @xendpay
Presenting Jake Holloway (COO) and Rajesh Agrawal (CEO & Chairman)
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Comarch Merges Online Banking with PFM, CRM with Investment Advisory

By David Penn Posted on
Categories: Comarch, FinovateEurope 2013

This post is a part of our live coverage of FinovateEurope 2013.

Wrapping things up for the final session of Day One at FinovateEurope 2013 is Comarch:

“Comarch Smart Finance is an innovative system that combines functionalities of online banking and personal finance managemet into one powerful solution, making banking more personal.
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It helps banks address the needs of their customers with relevant offers. Comarch Smart Finance comes with 
complementing mobile applications for tablets and smartphones, offering and intuitive interface, easy access to operations, and broad functionality.
Comarch Investment Advisor is a multi-channel solution dedicated to private banking and wealth management. It combines CRM and investment advisory, and supports an optimal selection of investment, pension, and insurance products for the client.
The most important benefit is access to client financial and wealth analysis based on historical, today, and forecast records as well as client-oriented sales advice.”

Product Launched: 2012

HQ Location: Krakow, Poland
Company Founded: 1993
Metrics: 3,500 employees; more than 30 offices worldwide
Website: comarch.com
Twitter: @Comarch_Finance
Presenting Tomasz Marszał (EVP Business Development) and Grzegorz Prosowicz (Business Development Manager)
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SAGE Introduces Risk Management, Portfolio Optimization Tool

By David Penn Posted on
Categories: FinovateEurope 2013, SAGE SA

This post is a part of our live coverage of FinovateEurope 2013.

SAGE is coming to the stage now with their BlackSwan Financial Platform:
 

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“BlackSwan Financial Platform is a risk management and portfolio optimization tool. It is addressed to investors and 
relationship managers to help them make better investment decisions, but more importantly build trust with their clients.  The platform allows them to visualize the risk held in a portfolio and perform what-if scenarios. Investors can intuitively understand the consequences of their decisions.
Using fat-tailed distribution and minimizing the expected tail-loss allows the system to take into account extreme events such as market crashes or other collective behavior when suggesting the most appropriate asset allocation for the client’s profile.”

Product Launched: September 2012

HQ Location: Lausanne, Switzerland
Company Founded: August 1986
Metrics: 85 employees, 15M CHF 2012 sales
Website: sage.ch
Presenting Jean-Luc Freymond (CEO) and Xavier Martinot (Consultant)
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Pockets United App Brings the Social to Mobile

By David Penn Posted on
Categories: FinovateEurope 2013, Pockets United

PocketsUnitedLogo.jpgThis post is a part of our live coverage of FinovateEurope 2013.

Following rplan to the stage is Pockets United:

“Social is the next big thing in mobile payments, yet you cannot downgrade it to a simple, on-top feature for existing PSPs nor banks. A category killer in this field must be social by design.
This means cutting-edge user experience and fund to use in day-to-day scenarios.  This space is hot.  Carriers see their business threatened by all-encompassing data flats, while traditional banks and credit card companies see payment shifting to mobile devices, whose users are owned by carriers.
Pockets United sits right in the center of this clashing zone, offering a helping hand to both sides.”
Product Launched: Spring 2013
HQ Location: Munich, Germany
Company Founded: May 2011
Metrics: $160,000 raised to date; winner of several awards (e.g. 50 Hottest Companies of 2011, Vienna & IKT First Prize Internet of Services, Berlin)
Twitter: @pocketsunited
Presenting Markus Stiefel (CEO) and Matthias Schicker (CXO)
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Integrated Real-Time News and Data Analytics from Heckyl Technologies

By David Penn Posted on
Categories: FinovateEurope 2013, Heckyl Technologies

This post is a part of our live coverage of FinovateEurope 2013.
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As we move toward the end of the first afternoon session, Heckyl Technologies is about to take the stage:

“Heckyl FIND 2.0 (Financial In News & Data) is a real-time news and data analytic platform for retail traders and brokerages.
FIND gets integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment, and market data to help traders find the trading opportunities in this fast moving market.
FIND helps you explore new ideas and keep pulse on the current business events/issues. Whether you are a short-term trader, investor, or fund manager, and whether you prefer equities, forex, or commodities, you will find a wealth of information that matters to ‘you’ streaming at your fingertips.
FIND is for retail traders like Bloomberg and Thomson Reuters are for institutions.”

Platform Launched: January 2013

HQ Location: India
Company Founded: December 2010
Website: heckyl.com
Twitter: @iTrake
Presenting Mukund Mudras (Co-Founder) and Som Sagar (Co-Founder)
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Optimizing Data and Information with FreeAgent

By David Penn Posted on
Categories: FinovateEurope 2013, FreeAgent

This post is a part of our live coverage of FinovateEurope 2013.

Afterwards, FreeAgent showcased its solution that uses data to assess risk: 

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“We are extending the reach of our solution to make much more intelligent use of the data and information that is the life-pulse of a business. Our users will be able to gain insight into the health of their business in real-time, with FreeAgent automatically highlighting performance trends and potential problems in an easy to understand way.
Equally compelling is our capability to make this information available to banks and other lenders, giving them insights into the strength and financial well-being of their customers, with one eye on customer service and another on risk.”

Product Launched: Q2 2013

HQ Location: Edinburgh, UK
Company Founded: April 2007
Metrics: 50 employees; 27,000 paying customers
Website: freeagent.com
Twitter: @freeagent
Presenting Ed Molyneux (CEO) and Kevin McCallum (Business Development Director)
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LeanBanking Introduces figo-API to Unify Finances

By David Penn Posted on
Categories: FinovateEurope 2013, LeanBanking

This post is a part of our live coverage of FinovateEurope 2013.

Next to the stage is LeanBanking:

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“The figo-API is bringing together banks, payment providers, and financial service providers via one API that is stored in the cloud.
We’re transforming your finances into meaningful and actionable views, categories, budgets, and recommendations by enriching transaction 
metadata.
We’re changing the banking paradigm from a ‘pull’ to a ‘push’ experience.
The figo-API is an off-the-shelf solution for service providers that want to offer bank account related services.”

Product Launched: February 2013

HQ Location: Munich, Germany
Company Founded: August 2012
Website: figo.me
Twitter: @figoapp
Presenting Markus Lüdemann (Founder)
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Credit Agricole Launches App Store

By David Penn Posted on
Categories: Credit Agricole, FinovateEurope 2013

This post is a part of our live coverage of FinovateEurope 2013.

Next up to the stage in the first afternoon session is Credit Agricole:

“The Credit Agricole Store is the first European appstore proposed by a bank and where financial apps are co-created between clients and developers thanks to the opening bank APIs.
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‘The Credit Agricole Store provides customers with access to many innovative and unique apps (18 new apps within 6 months), from social apps to video games to full display of account information, to apps for visually impaired customers.
The business model provides financial incentives for external developers to contribute and they join a co-op community based on the roots and values of the group.”

Product Launched: October 2012

HQ Location: Paris, France
Company Founded: 1885
Metrics: Over 100,000 site visits per month in the first three months; 18 mobile apps created; 22 new service ideas generated; bank has 160,000 employees; 54 million customers
Presenting Bernard Larrivière (Director of Innovation) and Emmanuel Methivier (CAStore Manager)
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CR2 Presents Bank Personalization Solution in BankWorld

By David Penn Posted on
Categories: CR2, FinovateEurope 2013

This post is a part of our live coverage of FinovateEurope 2013.

First up on the stage after the noon break is CR2, who is offering a unique way for financial institutions to get to know their customers better:

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“Today banks have limited opportunities to personalize services across all self-service channels.

CR2 has designed BankWorld with powerful segmentation capabilities, enabling banks to design ATM, Internet, and mobile banking screens, products and services as well as interactive banners that can be delivered to a specific segment of customers and can be accepted instantly.

It allows banks to treat each customer as a unique individual and generate revenue from the self-service channels while improving customer satisfaction with a consistent and relevant offering. BankWorld simply helps turn self-service channels into self-selling channels.”

Product Launched: 1998

HQ Location: Dublin, Ireland
Company Founded: 1997
Metrics: 150 staff, with over 100 banks in 60 countries adopting CR2 solutions, offices in six countries
Website: CR2.com
Presenting Javier Hermida (Senior Consultant) and Kieran Kilcullen (CCO)
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