Author: Julie Muhn (@julieschicktanz)

Alumni News– February 19, 2015

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Digital Retail Apps, Dwolla, Encap, eToro, Finsphere, Kantox, MaxMyInterest, Motif Investing, PayPal, Pindrop Security, Ping Identity
  • Finovate-F-Logo.jpgAmerican Banker: Retail Banking Vet Deanna Oppenheimer Joins Tech Vendor Finsphere.
  • American Banker: Federal Payments Website Partners with PayPal, Dwolla.
  • Kantox Surpasses $1 Billion in Foreign Exchange Transfers.
  • Pindrop Security Raises $30 Million.
  • eToro launches its Popular Investment Programme to recognize and reward the network’s top traders.
  • Phroogal reviews Motif Investing.
  • MaxMyInterest brings consolidated tax reporting functionality to its cash optimization platform.
  • Encap Security CEO Thomas Boström Jörgensen and Ping Identity Managing Director EMEA Jason Goode weigh-in on Touch ID banking.
  • Digital Retail Apps featured in Toronto Star’s coverage of Canada’s first financial technology cluster.
  • Azimo launches its money transfer service in China.
  • Finsphere Lands $1.8 Million, Partners with Visa.
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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Kantox Surpasses $1 Billion in Foreign Exchange Transfers

By Julie Muhn (@julieschicktanz) Posted on
Categories: Kantox

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Foreign exchange management solution Kantox last week announced that it has exceeded $1 billion in currency transfers since its 2011 launch.

The U.K.- and Barcelona-based company reports that $200 million was traded in November and December alone. At this rate, it expects to reach another $1 billion by the end of 2015.

Kantox counts more than 1,000 businesses as clients, which is double the number of businesses that were using the platform a year ago.

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Kantox drives down FX costs by disintermediating banks and brokers with its platform, whereby companies can trade directly with one another.

Kantox demonstrated Peer FX at FinovateEurope 2013. Check out the video here.

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FinovateEurope 2015 in the Press

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015

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FinovateEurope 2015 concluded last week and was a huge success. Not only did we host a record-breaking audience, we also saw the most press coverage.

Thanks to all of the contributors who worked hard to document the great technology demonstrated on stage. A special thanks to the analysts at Datamonitor for their extensive coverage.

Here’s the coverage in alphabetical order:

American Banker
U.K. Banks Pilot Loan Sales to Crowdfund Site investUP
Bailey Reutzel
Link

Bank Innovation
Xignite APIs Now Powering +50 FinTech Ventures
by Philip Ryan
Link

Banking Technology
Delegates skeptical at Finovate London
by Elliott Holley
Link

Bob’s Guide
Show report: The best innovators at FinovateEurope 2015
by Nicole Miskelly
Link

CC Group
Finovate Europe 2015—a microcosm of FinTech?
by Daniel Lowther
Link

C’est Pas Mon Ideé blog
Redy, paiement mobile et monnaie virtuelle
by Patrice Bernard
Link
Link (Translated to English)

City A.M.
Finovate Europe: Global FinTech stars meet up at London’s Old Billingsgate
by Oliver Smith
Link

Cloud Lending blog
Cloud Lending at Finovate Europe 2015
by Vidur Jain
Link

CNBC
The valuation industry is now big business
by Jenny Cosgrave
Link

Cognito
Finovate: Understanding what the media wants
by Paul Bowhay
Link

ComputerWorld
Telenor banka și Asseco SEE prezente la prestigioasa Conferință Finovate de la Londra
by Adaugat de Dali Dinu
Link

Crowdfund Insider
investUP launches New Platform at Finovate Europe
by Samantha Hurst
Link

Datamonitor
Finovate FinTrack: Advice Games
by Sean Harrison
Link

Finovate FinTrack: BankClip by Crealogix
by Helen Allingham
Link

Finovate FinTrack: Fiserv
by Theresa Jameson
Link

Finovate FinTrack: mydesq
by Katri Tuomainen
Link

Finovate FinTrack: PROFOS by CPB Software
by Helen Allingham
Link

Finovate FinTrack: Quisk
by Samuel Murrant
Link

Finovate FinTrack: Yoyo
by Theresa Jameson
Link

Finovate FinTrack: Novabase wizzio
by Daoud Fakhri
Link

Finovate: Our Best in Show
Link

FinTrack FinovateEurope 2015 Special: Day One (Report)
Link

FinTrack FinovateEurope 2015 Special: Day Two (Report)
Link

Finance Zweinull
Die Letzte Finovate
by Boris Janek
Link

The Financial Brand
Radical Bank Branch Design Fuses Digital with Physical
by Jim Marous
Link

Finextra
Finovate Europe 2015—Day 1 roundup
Link

Finovate Europe 2015—Day 2 Roundup
Link

Finews.ch
Fintech: Fünf heisse für Trends 2015
Link

Finovate
FinovateEurope 2015 Best of Show Winners Announced
by David Penn
Link

Forrester’s Benjamin Ensor’s Blog
Finovate Europe 2015: Execution Is Harder Than Idea Generation
by Benjamin Ensor
Link

FS Tech
Finovate reveals ‘best of show’ winners
by Michelle Stevens
Link

Innovation in Finance
Coinjar interview at Finovate Europe, London, February 2015
by Damien Ducourty
Link

Lets Talk Payments
The Best of FinTech Europe from Finovate 2015
by Kate
Link

LinkedIn Pulse
Fintech isn’t just for ‘Fins’
by Matthew Stammers
Link
 
Time for a Finovate Fringe Festival?
by David Jones
Link

Mapa Research
Finovate Europe 2015: Our top picks from day one
by Katie Nachshon
Link

Mollie
Mollie: een pionier in de Fintech
by Remco Boer
Link

My Private Banking
Wealth Management Solutions at FinovateEurope 2015
by Francis Groves
Link
 
Nostrum Group
Finovate Day 1—reflections from FinTech’s showpiece
Link

Finovate Day 2—FinTech’s focus is on user experience
Link

FinovateEurope 2015—Nostrum’s reflections
Link

Ormsby Street
Key Performance Metrics
by Martin Campbell
Link

Payment Eye
3 ways payment technology is boosting financial inclusion
by Lindsey Kennedy
Link

Payments Journal
Recapping Finovate London 2015
by Tristan Hugo-Webb
Link

Pirean blog
Pirean demonstrate their Identity and Access Management as a service offering at FinovateEurope 2015
Link

Sitepoint.com
Finovate 2015, the Part Mobile is Playing in Fintech
by Chris Ward
Link

Rts.rs
Banka u džepu – tehnologija budućnosti
Link

SME Finance Forum
Finovate Europe 2015—bigger and even more interesting than last year!
Link

SME Insider
3 of the best new technologies to supercharge SME growth
by Lindsey Kennedy
Link

How to get the funding you need to grow your business
by Lindsey Kennedy
Link

Tech City News
Fintech monthly: Judopay raised $6 million, banking apps tested, Finovate Europe and much more…
by Ben Goldsmith
Link

Tech Cocktail
LifePay Acquires iboxPro, Expands into Asian Markets
by Will Schmidt
Link
 
The Telegraph
Banks get out their chequebooks to chase the next banking revolution
by Marion Dakers
Link

Le Temps
Du gadget à l’innovant, tour d’horizon  des nouveautés de la finance
by Mathilde Farine
Link

Treasury Insider
The 5 hottest new trends in fintech
by Lindsey Kennedy
Link
 
Waters Technology
KPAX Brings Data Reconciliation Product to the Cloud
Link
 
World Finance
Heilmann: ‘Germany needs to take a hardline on Greek debt’
Link

As more coverage is published, we’ll be adding it to this post in the coming weeks. If you have a piece you’d like us to include, please contact research@finovate.com.

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TransferTo’s Remittance Service Enables the Sender to Know How the Money is Spent

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, TransferTo

TransferToLogo2.jpgThis post is part of our live coverage of FinovateEurope 2015.

TransferTo showed how its Prepaid Electricity Remittance gives the sender more control over how recipients spend their money.

A major and recurring issue with money remittance is the sender not knowing how their money is spent.

TransferTo has developed a new service to overcome this problem whereby the sender can remit value for a specific purpose. We call it Value Remittance. TransferTo works directly with service providers to enable remote payment for services such as utilities, petrol, healthcare, school tuition, groceries, etc.

A great example of this is the Prepaid Electricity in Indonesia. Indonesian migrant workers in the Middle East send millions of rupees back to their families. Instead of sending money, TransferTo enables them to remotely top up the Prepaid Electricity meter of their loved ones back home.

 

Presenters: CEO Eric Barbier, and EVP Charles Damen, global business development

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Product distribution strategy: Direct to Business (B2B)

HQ: San Francisco, California, U.S.A.
Founded: 2005

Website: transfer-to.com
Twitter: @TransferTo

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Jumio’s Netverify Makes Mobile Account Opening Easy

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Jumio

JumioLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Jumio showed how Netverify makes it quick and easy for customers to open new accounts on their mobile device.

Jumio’s Netverify turns your customer’s mobile device into an ID-document-scanning terminal that instantly sees, scans, and extracts name and date of birth, and if present, address data. The data is instantly and neatly populated into the account-opening fields, making it quicker and easier for customers to complete applications.

Jumio also authenticates the ID document by determining that it is a bonafide, non-manipulated, and legitimate government-issued ID.
 
Account opening can be completed instantly so that customer sign-up momentum is not broken when a customer is asked to provide physical copies of ID documents.

 

Presenters: David Pope, marketing director, and John McIntosh, sales engineer
 
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Product launch: 2012

Metrics: 300+ employees; $60 million raised; half of the top-10 consumer internet companies along with hundreds of other retailers, financial institutions, marketplaces, gaming companies and more have adopted Jumio products and services

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Palo Alto, California, U.S.A.
Founded: 2010

Website: jumio.com
Twitter: @jumio

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Yoyo’s Mobile Payments App Rewards Customers While Providing Retailers with Analytics

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Yoyo

YoyoLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.
 

Yoyo showed how its mobile payments app rewards consumers and offers retailers added benefits.

Yoyo integrates into the retailer’s till system and uses a unique QR code for each transaction, which is scanned at the point of sale. For consumers, it’s a quick and easy way to pay and get rewarded. For retailers, Yoyo provides a set of tools which enables them to better target their customers with relevant rewards, offers, and incentives.

We recently launched V3 of the Yoyo app, and we are constantly introducing new product features. Most recent additions include social gifting, digitalized receipts, and card to mobile.

Presenter: Co-founder Michael Rolph, COO
 
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Product launch: V1 app launched January 2014, V3 launched September 2014

Metrics: $5M seed funding raised to date, 25 employees, around 15,000 registered users since launch in January 2014, currently processing 80,000 transactions a month

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: London, United Kingdom
Founded: May 2013

Website: justyoyo.com
Twitter: @justyoyo

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AdviceGames Uses Gamification to Help Users Budget for their Mortgage

By Julie Muhn (@julieschicktanz) Posted on
Categories: AdviceGames, FinovateEurope 2015

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This post is part of our live coverage of FinovateEurope 2015.
 
AdviceGames unveiled its Risk Game to help users budget better for their mortgage:

The Risk Game teaches the players how to budget more wisely. The starting point is the Financial Health Score (FHS), an index of a consumer’s financial health. The FHS determines the starting level in the game and drives the routing.

Players can use their earned points for saving and protecting themselves against unexpected events. Real life comes in when the players receive tips and see their FHS adjusted in their bank account based on their real behavior. The objective of the game is to activate people to better budget and therefore be able to pay their mortgage installments, reducing the risk for the bank.

 

Presenters Diederick van Thiel, CEO & Founder, and Rosali Steenkamer, COO & Founder
 
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Product Launch: March 2015
Metrics: Privately owned, 15 employees, 7 customers, broke even in 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed
HQ: Hilversum, The Netherlands

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Fiserv’s Mobiliti Increases Users’ Control of Mobile Banking through Unique Features

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Fiserv

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This post is part of our live coverage of FinovateEurope 2015.
 
Fiserv showed how Mobiliti gives the customer more control and transparency.
Fiserv is demonstrating what the next generation digital banking interactions will look like, with a heavy focus on the payments-user experience, coupled with value-added services related to the payment. Built on Fiserv’s world-leading Mobiliti platform, the demonstration will include:
• Augmented Reality
• Merchant Offers
• Integrated Payments
• Card Management
• Proactive Banking
The demonstration is geared towards the consumer and allowing them greater control and transparency over their spending and banking habits.
Presenters: Jonathan Atkinson, market development, digital channels and payments; Martyn Lock, sales executive, digital channels
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Product launch: September 2014
Metrics: $4.81 billion in revenue, 2013; publicly traded; 21,000 associates worldwide; 14,500 financial institutions and business clients worldwide
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Brookfield, Wisconsin, U.S.A.
Founded: July 1984
Website: fiserv.com
Twitter: @fiserv

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CPB SOFTWARE’s PROFOS Tool Helps Financial Advisors Meet Client Needs

By Julie Muhn (@julieschicktanz) Posted on
Categories: CPB Software AG, FinovateEurope 2015

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This post is part of our live coverage of FinovateEurope 2015.
 
CPB SOFTWARE showcased its PROFOS tool for financial advisors.

PROFOS is the app for bankers! Mobile services are up-to-date, comprehensive, intuitive and discreet. PROFOS is more than a common app. It combines your customer’s data with consultancy features supporting advisors skills – highly demanded by your clients!

PROFOS helps your advisors easily show and present deep banking knowledge combined with a better understanding of your clients’ needs. Your conversations with clients will change and at any place requested, your clients will be more attentive and understand more easily. Hence, for you: MORE profit with LESS effort.
Presenters: Peter Thomayer, CEO; Barbara Aigner, consultant; Markus Nekham, consultant
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Product launch: September 2014
Metrics: €3.5 million in equity, €17M in revenue for 2014, 130+ employees, 700+ customers in 7 countries
Product distribution strategy: Direct to Business (B2B), licensed
HQ: Vienna, Austria
Founded: 1996

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Taulia Debuts Enhanced Discounting

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Taulia

TauliaLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Taulia showed how its Taulia Enhanced Discounting (TED) enables organizations to offer financing for suppliers.

Taulia Enhanced Discounting (TED) aims to revolutionize the funding of supply chain finance. TED combines the benefits of traditional dynamic discounting – when corporations offer an early payment to a supplier in exchange for a small discount – with a flexible supplier financing programme, which allows organizations to choose to use their own cash or the capital of a third-party financial institution, to capture early payment discounts.

With TED, organizations can offer their suppliers uninterrupted, affordable financing regardless of their own cash positions, operating obligations, or financial forecasts. Taulia is so confident of the value that TED delivers, that it guarantees its customers savings of £1M a year.

Presenters: Matthew Stammers, director, European marketing; Christophe Juvanon, director, European solutions consulting
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Product launch: February 2014

Metrics: $70M in equity raised, more than 200 employees across the globe including offices in San Francisco, London, Düsseldorf, and Sofia; 300,000+ supplier connections on the Taulia network

Product distribution strategy: Direct to Business (B2B) through other fintech companies

HQ: San Francisco, CA, USA
Founded: June 2009

Website: taulia.com
Twitter: @taulia

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Quisk’s Digital Payment Platform Now Offers Loyalty and Rewards Programs

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Quisk

QuiskLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Quisk showed off multiple types of digital cash transactions.

Quisk is the next step in the evolution of money.

We are the creator of a new cash-based digital payment type. We enable banks to create a new type of all-digital account, which is accessed by a consumer’s mobile phone number and secure PIN. The Quisk cloud-based digital services platform is technology agnostic, multi-issuer/acquirer, and works with existing core banking and retail POS infrastructure.

Quisk is demonstrating a variety of digital cash transactions: in-store purchases using POS systems, Person-to-Merchant (P2M), Bill Pay, online purchase (eCommerce), and Person-to-Person (P2P) send money. In addition, the Quisk platform enables merchants to offer digital loyalty programs and marketing offers while reducing interchange fees.

Presenters: Steve Novak, CEO & chairman, and Dan Glessner, CMO 
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Product launch: January 2015

Metrics: $20+ million series A round raised, 30 employees, projects currently in four countries
Product distribution strategy: Direct to Business (B2B) through financial institutions

HQ: Sunnyvale, California, U.S.A.
Founded: 2009

Website: quisk.co

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Misys’ FusionBanking Takes a New Approach to Digital Banking

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Misys

MisysLogo3.jpgThis post is part of our live coverage of FinovateEurope 2015.

Misys demonstrated how it brings banking into consumers’ everyday lives.

Misys FusionBanking Essence Digital brings a new approach to digital banking, making banking and personal financial management truly frustration-free for consumers.

Misys pioneers the latest innovations in technology and mobile devices. At FinovateEurope, Misys is demonstrating the latest concepts in mobile and online banking: biometric authentication, customizable design, new widgets for ‘net wealth’ and ‘wishes and goals,’ with automatic object recognition and push notifications that bring banking into consumers’ everyday lives.

 

Presenters: Alex Kwiatkowski, senior marketing strategist, banking and digital channels; József Nyíri, director of innovation, digital channels
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Metrics: Misys has more than 2,000 customers in 130 countries, supported by 4,500 employees.
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: London, United Kingdom
Founded: 1979Website: misys.com
Twitter: @MisysFS

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