Author: David Penn

Financial Simplicity Announces New Portfolio Management Solution

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

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Our last presenter before the noon break is Financial Simplicity:
“Financial Simplicity offers a highly efficient capability to manage large numbers of individually tailored investment portfolios (in the thousands or tens of thousands). It will ensure that clients can offer highly customized propositions to their customers, while maintaining a high degree of centralized control over access, data, and business work flows.
Using systematically programmed processing and advanced algorithmic engines, Financial Simplicity negates the need for many time-intensive workflows and workarounds to manage data effectively. Financial Simplicity’s innovations have enhanced significantly the efficiency with which relevant portfolios can be delivered to investors.”
Product Launched: February 2013
HQ Location: Sydney, NSW Australia
Company Founded: 2003
Metrics: 20 employees and advisors in Australia, the U.S., Canada, and the UK
Twitter: @FinSimplicity
Presenting Stuart Holdsworth (CEO)
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True Office Anti-Money Laundering App Goes Mobile

By David Penn Posted on
Categories: FinovateEurope 2013, True Office
This post is a part of our live coverage of FinovateEurope 2013.
Bringing gamification to the field of regulatory and compliance training is our next presenter, True Office:

“By playing the True Office / Thomson Reuters Anti-Money Laundering desktop and mobile app, financial services employees are exposed to the regulatory risks they confront and learn how to comply with anti-money 

True_Office_hi-res.jpglaundering laws and company policies.

The data generated from this app provides financial services institutions with compliance analytics that help identify and reduce instances of AML risk.”

Product Launched: February 2013
HQ Location: New York, NY, USA
Company Founded: January 2010
Metrics: 20 employees; 30+ financial services compliance apps currently in production; winner of the 2012 Fintech Innovation Lab; seven-figure product development and distribution partnership with Thomson Reuters Accelus, extending its coverage to over 1,400 banks globally.
Twitter: @trueoffice
Presenting Adam Sodowick (Founder & CEO) and Andrew Neblett (Managing Director, Compliance, Audit & Risk, Thomson Reuters)
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VoiceTrust’s inTalk Provides Voice Authentication Solution

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

VoiceTrust is coming to the stage right now. The company will be demonstrating its biometric security/identification solution:

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“inTalk provides a simple, convenient and effective solution to the call center authentication problem by recognizing the customer’s voice and using voiceprint biometrics. inTalk passively listens to the person speaking, compares the speaker’s voice to the customer’s voiceprint, and provides identity feedback to the agent.
This is all done in the background during a normal, uninterrupted conversation in any language. A green light is displayed when the customer is recognized and a red light alerts the agent when inTalk detects the presence of an imposter.”
Product Launched: TBD
HQ Location: Montreal, Quebec, Canada
Company Founded: April 2008
Metrics: VoiceTrust eServices Canada Inc., formerly Perceive Solutions Inc., was acquired in December 2011 by VoiceTrust
Twitter: @voicetrust
Presenting Roanne Levitt (VP, VoiceTrust Canada) and Hermann Geupel (Managing Director, VoiceTrust Germany)
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EZBOB Brings Real Time Financing Options to E-Tailers

By David Penn Posted on
Categories: EZBOB, FinovateEurope 2013
This post is a part of our live coverage of FinovateEurope 2013.
EZBOB is on its way to the stage now. The company provides real-time financing for e-commerce businesses in the U.K.:
“EZBOB uses a range of online data sources to analyze e-commerce businesses instantly.
In less than 10 minutes, the system will:

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  • Guide the seller through a simple, secure, quick, and seamless online application process
  • Assess the seller’s eligibility using our proprietary internal credit scoring system
  • Verify seller’s historical operating performance and assess seller’s ability to service debt
  • Verify seller’s identity to prevent fraud
  • Provide a customized financing proposal
  • Immediate transfer of funds’
EZBOB offers a customized financing proposal which is:
  • unsecured (personal or director guarantee)
  • short-term (3-6 months)
  • up to £45,000 per seller
  • cost of 2-7% per month
  • clear repayment schedule without early repayment penalties
  • no hidden fees and no covenants on seller’s business”

Product Launched: September 2012

HQ Location: London, United Kingdom
Company Founded: November 2011
Website: ezbob.com
Twitter: @ez_bob
Presenting Sharone Perlstein (Director & Co-Founder) and Tomer Guriel (Director & Co-Founder)
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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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