Author: Julie Muhn (@julieschicktanz)

Finovate Debuts: Using Financial Media Solutions’ MAPPS to Create Videographics

Finovate Debuts: Using Financial Media Solutions’ MAPPS to Create Videographics
By Julie Muhn (@julieschicktanz) Posted on
Categories: Financial Media Solutions

FMSHomepage

Financial Media Solutions’ MAPPS videographic production tool enables advisers to create short videos that present financial information to their clients. Videographics are a logical shift from PDF documents, since many clients are shifting to the mobile channel and find it difficult to gain information by reading a PDF on their smartphone.

Using video to convey financial information is a good alternative, but is generally expensive. With MAPPS, advisers have an inexpensive way to create compelling videographics for their clients.

Facts:

  • Based in Switzerland
  • Founded in 2011
  • Self-financed, less than $100,000
  • 6 employees
  • 2 clients

When synced with the adviser’s audio commentary, the videographics capture and maintain the client’s attention. This ultimately helps clients understand and retain information about their portfolios.

Unlike traditional video production, MAPPS is affordable and does not require specialized skills. It enables advisers to create a videographic in five steps:

1) Create a sequence
Upload data from Excel to create a chart. If the adviser frequently follows the same sequence in many of their videos, they can create and store templates for future use.

2) Add analysis to the sequence
Add text, images, and animations to explain a concept or analyze the information in the chart.

3) Write, record, and edit commentary
The adviser records in his or her own voice, and uploads the recording.

4) Set and synchronize timing
Place charts, words, and graphics to pace with the commentary flow

5) Preview and publish
Once the video is finalized, advisers can add it into their mobile app and/or send it directly to their clients.

The result is a video similar to the following:

The ideal video length is 90 seconds or less. According to MAPPS, 80% of consumers watch videos until 90 seconds, after which 40% of people quit watching.

Benefits to Mapps

1) Brings communication to the mobile channel, where many customers prefer to receive information
2) Does not require significant funds, time, or skill to create videos
3) Tailors content to each client and personalizes the connection with the adviser’s voice

The first firm to take MAPPS live experienced a 50%+ response rate from clients, which was 40x greater than received previously.

Financial Media Solutions demonstrated MAPPS at FinovateEurope 2015 in London.

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FinovateSpring 2015 Sneak Peek: Part 3

FinovateSpring 2015 Sneak Peek: Part 3
By Julie Muhn (@julieschicktanz) Posted on
Categories: 3E Software, Corezoid.com, Malauzai, PayActiv, PsychSignal, Someone With Group, Trizic

PacketIMG1We’re two weeks into featuring all 70+ presenting companies that will demo their new technology at FinovateSpring next month in San Jose, and there’s still a lot of information to take in.

Today, we’re taking a closer look at:

On 12/13 May, we’ll host a crowd of fintech experts, banking execs, investors, and press at San Jose’s City National Civic. Pick up your ticket here to claim a ticket of your own.

If you missed them, be sure to check out the fourteen companies we featured last week:

3E Software: Ever dream of a solution where lending staff can access and interact with all the data they need from any source? That’s Teslar.

Features:

  • Data from all systems: core, credit card, factoring, etc.
  • Empowers your lending staff
  • So easy even a lender can use it

Why it’s great
One word: Empowerment. With Teslar, your lending staff can be empowered to get things done now, not when another resource can get to it.

3EPresenterPresenter

Joe Ehrhardt, President, CEO
For 16 years, Ehrhardt has worked in or for financial institutions. With his common-sense approach and technology know-how, he is driven to change how banks of all sizes work and operate.
LinkedIn

CorezoidlogoCorezoid.com is the first cloud operating system that can implement and support any kind of algorithm and business process.

Features:

  • Rapid integration into any type of business process
  • Low-cost, flexible system
  • Faster with fewer developers

Why it’s great
While you read this text, 32,000 small corezoids have easily handled the work of huge online banks and implemented about a million logical operations.

Presenters

  1. Maria Gurina, deputy head of ecommerce
  2. Egor Avetisov, creative director
  3. Kristina Chaykovskaya, head of ecommerce

MalauzaiLogoMalauzai Software is a mobile-only, virtual banking experience that makes banking fun, effortless and completely branchless. See it on Apple Watch too!

Why it’s great
A cool, mobile-only virtual banking experience that delivers effortless, branchless banking, powered by advanced technology.

MalauzaiPresenter1Presenters

Robb Gaynor, Founder, Chief Product Officer
Gaynor heads up the product development and marketing of the organization, focused on ensuring the company has solutions at the cutting-edge of mobile innovation. He has more than 25 years of experience.
LinkedIn

MalauzaiPresenter2Danny Piangerelli, Founder, Chief Product Officer
Piangerelli leads the technology team and is responsible for all aspects of Malauzai’s technology infrastructure. He has more than 15 years of engineering and enterprise-class technology experience.
LinkedIn

 

 

PayActivLogoPayActiv changes the status quo and gives employees a noncredit alternative to predatory short-term lending products with security, dignity and savings.

Features:

  • Bridges the timing gap between earning and spending
  • Eliminates the stress of overdraft and predatory fees
  • Provides intelligent and preemptive cash-flow management

Why it’s great
PayPresenter1PayActiv puts more money in the hands of every employee right now. They do it by making business’s payroll in real-time.

Presenters

Safwan Shah, CEO, Founder
Technologist, payments expert, and entrepreneur, Shah is an innovator with a purpose.
LinkedIn

PayActivPresenter2Kacky Fuller, Vice President Business Development
Fuller is PayActiv’s sales leader with 10 years’ experience in payroll and prepaid products.
LinkedIn

 

 

PsychSignalLogoPsychSignal’s big-data processing-engines generate sentiment-analysis plus artificial intelligence to calculate stock-cycle shifts for Quant Funds, Hedge Funds and Traders.

Features:

  • Big-data processing detects mood shifts ahead of trade-direction shifts
  • Unusual sentiment activity triggers direct, actionable alerts
  • Fully automated system

Why it’s great
The next generation Squawk-Box is here.

PsychSignalPresenter1Presenters

James Crane-Baker, CEO
Crane-Baker is the former head trader of Broadway Trading, the pioneer of direct-access electronic trading; he is the founder and chief executive officer of PsychSignal.
LinkedIn

PsychSignalPresenter2Bjorn Simundson, CMO
Simundson is a serial entrepreneur, inventor, angel investor, and he serves as chief marketing officer for PsychSignal.
LinkedIn

 

 

SomeoneWithGroupLogoSomeone With Group offers a compassionate way for hospitals to reduce bad debt by providing patients a secure platform to reach out to friends and family for financial support.

Features:

  • Fraud resistant
  • Restricted spending
  • Branded for the hospital

Why it’s great
Someone With Group is taking the crowdfunding concept to the next level with a fraud-resistant platform that helps both hospitals and patients.

Presenters

SWGPresenter1Paula Jagemann-Bane, CEO
Jagemann-Bane is a successful entrepreneur who thinks big, then delivers. Dynamic and engaging, she is poised to solve the hospital bad-debt problem—with compassion.
LinkedIn

Matt Pomrink, President, COO
Pomrink is detail-oriented without losing sight of the big picture; he has shepherded the SWGPresenter2Someone With Group concept to a robust solution.
LinkedIn

 

 

TrizicLogoTrizic offers a cloud-based software platform, Accelerator, comprised of a consumer-facing web experience and an adviser-facing console, enabling financial firms to offer investment advice digitally.

Features:

  • Automates complex portfolio management, rebalancing and reporting functions
  • Accommodates ETFs, mutual funds, equities
  • Enables firms to compete with robo-advisers and grow their business

Why it’s great
Trizic Accelerator is the most comprehensive, end-to-end institutional-class digital advice-platform for financial firms, helping them to delight clients and to grow and scale their businesses.

Presenters

TrizicPresenterBrad Matthews, CEO, Founder
Matthews, the CEO and founder of Trizic, has deep investment-management expertise, honed at J.P. Morgan, Citi, Barclays and Bear Stearns.
LinkedIn

 

Stay tuned for part four of our series this Thursday.

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Xero & TransferWise Team Up to Save SMBs on Foreign Currency Exchange Fees

Xero & TransferWise Team Up to Save SMBs on Foreign Currency Exchange Fees
By Julie Muhn (@julieschicktanz) Posted on
Categories: Accounting, Small Business, TransferWise, Xero

XeroTransferWise

Two Finovate alums partnered today to make it easier for small and medium businesses to conduct business abroad.

Xero’s small business users based in the U.S. and U.K. can use the TransferWise add-on to pay invoices in 25 currencies to 46 countries.

When small businesses use the new add-on to send funds from Xero, they avoid bank-commission fees and instead pay TransferWise’s rate (up to 0.5%). Here’s how it works for existing Xero customers:

XeroTransferWiseLogos1) Log into TransferWise to view their outstanding foreign-currency invoices

2) Select the invoice to be paid

3) The rate is locked in for 24 hours, during which time the user must pay the invoice on the TransferWise platform using a debit card or bank transfer

After the payment arrives, the invoice is reconciled on Xero.

New Zealand-based Xero most recently presented at FinDEVr 2014 in San Francisco. The company launched its Business Identification product at FinovateSpring 2011.

London-based TransferWise demonstrated at FinovateEurope 2013 in London.

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Prosper Pulls in $165 Million in Funding, Boosting Valuation to $1.9 Billion

Prosper Pulls in $165 Million in Funding, Boosting Valuation to $1.9 Billion
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Prosper

ProsperHomepage

P2P lending company Prosper brought in $165 million in Series D financing yesterday. This doubles the company’s valuation to $1.9 billion, and classifies it as a fintech unicorn—a private company worth more than $1 billion.

The investment was led by Credit Suisse NEXT. Investors also include financial institutions and venture capital firms:

  • USAA
  • SunTrust Bank
  • J.P. Morgan Asset Management
  • BBVA
  • Neuberger Berman Private Equity Funds
  • Passport Capital
  • Breyer Capital

Founded in 2006, Prosper raised its first round of funding in 2005 to the tune of $7.5 million. Prior to this week’s installment, the company’s funding totaled $190 million; the San Francisco-based company’s funding now totals $355 million.

Three of the financial institutions that furnished the financing, USAA, BBVA, and SunTrust, are in talks with Prosper to co-brand loans for their customers. The company’s competitor, Lending Club, has been co-branding loans with Union Bank since May 2014 and with Bank Alliance community bank members since February 2015.

Prosper facilitated $1.6 billion in loan origination in 2014. This is four times what it did the year prior and more than half of its total $3 billion since launching in 2006.

Prosper plans to use the funding to expand beyond debt consolidation loans into healthcare lending.

ProsperListings

Competitor Lending Club went public last December with an IPO that initially valued it around $8 billion. Its current market cap is $6.9 billion. Lending Club has issued $7.6 billion in consumer loans since launching in 2006.

While both companies are similar, Prosper is working hard to differentiate itself. The company, which offers unsecured consumer loans ranging from $2,000 to $35,000, states it has no intent to enter small-business lending. Meanwhile, competitor Lending Club launched its small-business segment, which enables companies to borrow up to $300,000, in March of 2014. According to American Banker, instead of extending financing to small businesses, Prosper plans to focus on finding a partner to help it expand into South America or Asia.

LendingClubSMB

Prosper last demonstrated at FinovateSpring 2009 in San Francisco.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avoka, Digital Insight, Linqto, MX, Onovative, Prosper

On Finovate.com

  • Prosper Pulls in $165 Million in Funding, Boosting Valuation to $1.9 Billion

Around the web

  • Digital Insight releases Android smartwatch functionality with Wright-Patt Credit Union.
  • Australian Banking Finance features Avoka CEO Derek Corcoran.
  • Louisville business blog features Onovative. Catch them at FinovateSpring 12/13 May 2015.
  • MX releases first look at its AppleWatch.
  • Linqto’s Personal Banker receives Overall Most Innovative Award in Barlow Research Associates’ 2015 Monarch Awards for in business banking.

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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Finovate Debuts: CashSentinel’s Mobile Escrow Service

Finovate Debuts: CashSentinel’s Mobile Escrow Service
By Julie Muhn (@julieschicktanz) Posted on
Categories: CashSentinel

CashSentinelHomepage

CashSentinel enables people who do not know or trust each other to instantly and safely exchange a large amount of money, using their mobile phones.

The Switzerland-based company’s platform works similar to an escrow service combined with a mobile wallet that transfers funds in real-time.

Major benefits

  1. Safer for both buyer and seller
    Since neither party needs to carry cash, exchanging money for a vehicle is safer.
  2. The transaction is secure
    The system has built-in accountability. The buyer cannot incorrectly claim they sent the payment and the seller cannot incorrectly claim they didn’t receive the payment.
  3. Mobile
    After both parties have registered on the web or mobile platform, the transaction can take place either on the CashSentinel mobile app (available for iOS or Android), or via SMS; there is no need for a smartphone.

How it works

In the following example, a private party sells a used car to a private buyer; however, CashSentinel also works for small, commercial sellers and is not limited to vehicles.

1) Buyer loads funds

After the buyer registers online, CashSentinel verifies their identity by mailing them a secret word, which they will use later in the transaction (see step 4). Once the potential buyer finds a vehicle they’d like to purchase, they load the required amount of money onto the CashSentinel platform. If they decide not to purchase the vehicle, they can recoup the money in full.

2) Seller verifies

After the buyer loads the funds onto CashSentinel, they enter the seller’s phone number. This prompts CashSentinel to send the seller a push notification that the funds are ready.

To ensure that the buyer is serious, CashSentinel enables the seller to verify that sufficient funds have been loaded onto the platform (see below).

CashSentinelExchangeIMG1

3) Transfer funds

When the parties meet in person to exchange the vehicle and agree on a price, they transfer the payment. They consent to the exchange by entering each others’ private, six-digit code (see below).

CashSentinelKey

4) Confirm

After the buyer and the seller exchange their 6-digit codes, both need to finalize the transaction by confirming the amount. To do so, the buyer enters the secret word received in the mail. CashSentinel transfers the funds from the buyer to the seller and the transaction is irreversible.

Because funds are transferred instantly, the buyer drives away in the vehicle with the seller knowing the funds are good.

Fees

The service is entirely free for the seller. The buyer pays a tiered flat-rate that varies by the purchase price of the item.

What’s next

CashSentinel currently works only in Switzerland, but the company plans to expand operations into the European Union later this year.

CashSentinel demonstrated at FinovateEurope 2015 in London.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Bento for Business, CashSentinel, Dashlane, FreeAgent, Holvi, Kreditech, Malauzai Software, Patch of Land, PayPal, ProfitStars, Prosper

On Finovate.com

  • FreeAgent Scores $5 Million Line of Credit
  • Patch of Land Earns $23 Million Investment Led by SF Capital Group
  • Finovate Debuts: CashSentinel’s Mobile Escrow Service

Around the web

  • Nine Lives Media ranks ProfitStars’ Gladiator Technology in 6th annual MSPmentor 501 Global Edition.
  • Kreditech brings on Oliver Prill as COO.
  • PYMNTS: Prosper closes out financing round that pushes its valuation to $1.9 billion.
  • PYMNTS interviews Bento CEO and founder Farhan Ahmad. See Bento demo live at FinovateSpring in San Jose.
  • PayPal Makes Acquisition of CyActive Official.
  • TechCrunch: Dashlane’s “Inbox Scan” Tool Uncovers The Passwords You’ve Saved In Your Email.
  • Arxan expands application protection to support all major internet of things (IoT) platforms.
  • Holvi partners with identity-intelligence specialist GBGroup to ensure all customers are verified.
  • Malauzai Software announces 5 community banks to launch SmartwearApps for the Apple Watch.

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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BBVA Taps Dwolla for Real-time Money Transfers

BBVA Taps Dwolla for Real-time Money Transfers
By Julie Muhn (@julieschicktanz) Posted on
Categories: BBVA Compass, Dwolla

DwollaHomepage

BBVA Compass and Dwolla began their partnership in October 2014, when BBVA opened its network to the Iowa-based startup.

Today, the two disclosed the first stage of their plan. BBVA Compass is using the startup’s FiSync payments protocol for real-time money transfers. The Alabama-based bank is the largest FI customer to implement the technology.

Dwolla will implement FiSync’s authentication and tokenization processes developed jointly by the two parties. These security processes eliminate the need for customers to grant merchants direct access to their bank account, thereby disclosing account and routing numbers.

Starting today, BBVA Compass clients can send funds in real-time to other BBVA account holders or Dwolla users.

FiSyncSecureAuthThe partnership is also good news for developers. Those with a BBVA Compass account can use Dwolla’s APIs to create their own real-time payments apps. BBVA Compass Chairman and CEO Manolo Sánchez says the FiSync payments protocol will help the bank adapt to customers who are used to getting everything on-demand and instantly. Sanchez says that by working with Dwolla, “BBVA Compass is ensuring that money is able to keep up with the speed of the instant economy. This will have a real and lasting impact on businesses and consumers alike.”

BBVA is mimicking Dwolla’s pricing structure of $0.25 for transactions above $10, with everything under $10 free. The two companies plan to roll out additional updates in the coming months.

Dwolla demonstrated FiSync at FinovateSpring 2012. You can also catch them at the upcoming FinovateSpring show in San Jose next month.

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Early Warning Acquires Authentify

Early Warning Acquires Authentify
By Julie Muhn (@julieschicktanz) Posted on
Categories: Authentify, Mergers & Acquisitions, Payfone

EWSAuthentifyAcquisition

Authentify, a company that offers phone-based, multifactor authentication to more than 1,200 financial institutions and e-commerce companies, today announced it will soon be acquired.

The acquirer is Chicago-based Early Warning, a company owned and governed by the largest banks in the U.S. and which provides risk-management solutions to 1,100 banks, government entities, and companies. Once the Authentify acquisition is under its belt, Early Warning will bolster its current offering with a multifactor authentication solution that integrates multiple channels and authentication methods.

The terms of the acquisition were not disclosed.

AuthentifyHomepage

This is not Early Warning’s first move to broaden its offerings. In 2013, the Arizona-based company partnered with Payfone to combine device and customer-identity authentication with transaction data to ensure security. Early Warning has an equity stake in Payfone.

Authentify was founded in 1999 and Peter Tapling is CEO. The company demonstrated 2CHK at FinovateFall 2011.

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FinovateSpring 2015 Sneak Peek: Part 1

FinovateSpring 2015 Sneak Peek: Part 1
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alpha Payments Cloud, CUneXus, DRAFT, FinovateSpring 2015, FinovateSpring 2015 Sneak Peek, FundAmerica, SayPay, StockViews, TrueAccord

FSBannerLogowDate

FinovateSpring 2015 launches next month on May 12 and 13. That gives us five weeks to review the 72 companies that will step up on stage in San Jose.

FS14Crowd

We’ll be featuring seven companies twice a week in our Sneak Peek series. The first set includes:

This will be Finovate’s eighth conference in the Bay Area and our second year in San Jose. Interested in being among the first to see the newest fintech this spring? Pick up your ticket here to join us.

AlphaPaymentsCloudLogoAlpha Payments Cloud’s AlphaHub consolidates the payments world onto one platform enabling banks, merchants, MSPs and ISOs to access any payment type, any solution provider, anywhere.

Features:

  • Access every transaction-centric solution vendor
  • Consolidate all integrations to one platform
  • Mitigate risks and costs by orchestrating across vendor functionality

Why it’s great
AlphaCloudPresenter1The AlphaHub gives instant access to any payment type, any solution provider, anywhere in the world.

Presenter: Oliver Rajic, CEO
Rajic is a global business development leader and payments expert whose vision is bringing the payments world into the 21st century.
LinkedIn

CUneXusLogoCUneXus is one of just ten to watch on KPMG’s report of “The Best Fintech Innovators of 2014,.” CUneXus stands at the forefront of the transition to a new era of data-driven, on-demand lending and borrowing.

Features:

  • Perpetual Loan Approval
  • “One-Click” access to preapproved loans at every touchpoint
  • Integrated into leading online- and mobile-banking platforms

Why it’s great
CUneXus brings the “one-click” convenience and mobility consumers have come to expect, helping lenders maximize the value and profitability of existing customer relationships.CUnexusPresenter1

Presenters

Dave Buerger, Co-Founder, President & CEO
Buerger is an award-winning financial services marketer and strategist with a noteworthy record of achievement, spanning a diverse array of marketing mediums and industry verticals.
LinkedInCUnexusPresenter2

Darin Chong, Co-Founder & COO
Chong draws from 17+ years of experience in consumer financial services with expertise in marketing, operations, and project management.
LinkedIn

DraftLogoDRAFT changes the way people view, think and act about investing by comparing your returns, fees and allocation to top-performing portfolios.

Features:

  • Track all of your investments in one spot
  • Side by side return, fee, and allocation comparisons
  • Obtain a blueprint showing portfolio gaps to help maximize returns and lower fees

Why it’s great
DRAFT has created a better investment benchmark by comparing real portfolios to one another. It’s simple, transparent, and community focused.DRAFTPresenter1

Presenters

Brad Lawler, President, co-founder
Lawler has 10 years’ experience in the financial services industry, including as a high-net-worth adviser at a risk-analysis software firm. He also spent time with a big-data infrastructure company.
LinkedInDRAFTPresenter2

Jason St. Peter, CEO, co-founder
St. Peter has 15 years of experience in sales, marketing, and business development in the high-tech industry. Prior to DRAFT, St. Peter created and ran the Dell For Entrepreneurs program for Dell, Inc.
LinkedIn

FundAmericaLogoFundAmerica provides API-enabled escrow, payment processing, and securities compliance to portals engaged in technology-driven capital formation via the JOBS Act (506b/c, Reg A+, 4(a)(6) crowdfunding).

Features:

  • Easy-to-implement API and “Invest Now” buttons
  • View all data and events in the control panel
  • Ensure compliance with federal and state regulations

Why it’s great
FundAmerica provides the crowdfunding industry with the best and only technology-integrated compliance and back-office solution.

PFundAmericaPresenter1resenters

Scott Purcell, CEO, founder
Purcell is a leader in the crowdfunding industry with experience in both technology and securities.
LinkedIn

FundAmericaPresenter2Jonathan Self, President, CCO
Self-served as a compliance examiner at FINRA, and was a capital markets specialist at the Federal Reserve Bank of Atlanta.

Scott Andersen, General Counsel
Andersen was the deputy chief counsel at FINRA; enforcement director at the NYSE; and assistant attorney general for the state of New York.

SayPayLogoSayPay enables users to make or schedule bill payments instantly by simply speaking a one-time, secure “SayPay Code”—all without the need to sign in or remember passwords!

Features:

  • Eliminates late charges and interest expense
  • Billers get paid faster
  • Combines voice recognition, biometric voice authentication and mobile technologies into a seamless user experience

Why it’s great
SayPayPresenter1Financial institutions can re-use SayPay across the enterprise, for website sign-in, online purchases, P2P transfers, step-up authentication and more for optimal return on investment.

Presenter

Steve Hoffman, CEO, founder
Hoffman has 25+ years of experience in payments, digital banking, and authentication, and holds several patents for internet and mobile payment technologies.

StockviewsLogoStockViews is an online equity research platform that connects investors with independent analysts.

Features:

  • A meritocratic platform that pinpoints alpha generators
  • Identifies analysts with expertise relevant to the fund manager
  • Harnesses the wisdom of crowds to assist investment decisions

Why it’s great
Our product harnesses collective intelligence by identifying and isolating the opinions of analysts who consistently outperform the market.

StockViewsPresenter1Presenters

Tom Beevers, CEO, co-founder
Beevers is the CEO of StockViews. He was previously a fund manager at Newton in London. He holds a degree in natural sciences from Cambridge.
LinkedIn

TrueAccordLogoTrueAccord offers a machine-learning-based, automated, and friendly collection platform that effectively services the new age of financial services companies.

Features:

  • Adapts to consumer preference with new communication channels; increases satisfaction
  • Adapts to consumer behavior; increases recovery
  • Easy to audit and control; improves compliance

Why it’s great
Debt collection is ripe for disruption on the heels of alternative lending. TrueAccord is leading the market in rethinking this activity.

SametIMG1Presenters

Ohad Samet, CEO
Samet is head of analytics at Fraud Sciences; worked in new ventures at PayPal; founder at Analyzd; chief risk officer at Klarna; published writer, O’Reilly.
LinkedIn

SametIMG2Nadav Samet, CTO
Samet served as a senior software engineer at Google and contributed to several high-profile projects such as gmail, Google Flights, and more. Holds a masters in science in mathematics from Weizmann Institute of Science.
LinkedIn

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, Betterment, FIS, Heckyl Technologies, MX, StreetShares, Xignite

On Finovate.com

  • Finovate Debuts: StreetShares Helps Small Businesses Raise Capital
  • FinovateSpring 2015 has sprouted! Check out our first Sneak Peek, featuring 7 presenting companies.

Around the web

  • Backbase adds Payveris’ suite of payment APIs to the Backbase Open Banking Marketplace.
  • Evans Bank to deploy core banking technology from FIS.
  • Xignite teams up with ChartIQ to launch new market-data widgets.
  • Heckyl Technologies featured in e27’s list of 10 ‘need-to-know startups’ in Singapore and India.
  • Backbase adds MX’s PFM and account aggregation to the Backbase Open Banking Marketplace.
  • Wharton Fintech blog: How Betterment is Redefining the Retail Investment Landscape.

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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Finovate Debuts: Pirean’s “Access: One” Keeps Access Management Simple

Finovate Debuts: Pirean’s “Access: One” Keeps Access Management Simple
By Julie Muhn (@julieschicktanz) Posted on
Categories: Pirean, Security

PireanHomepage

Pirean is an identity- and access-management as-a-service company. It addresses both employee and end-user needs, offering access to online banking apps in a secure environment. The company helps banks improve security practices in a low-cost way.

Pirean facts:

  • 55 employees
  • Privately held
  • Self-funded
  • Founded 2002
  • Headquartered in London

At FinovateEurope 2015, Pirean debuted Access: One, its flagship product. With Access: One, financial institutions offer a platform that matches their branding and makes interaction easy for both employees and customers.

Financial institution employees

The employee portal (pictured below) offers access to a variety of management functions and enables the administrator to generate and customize users’ application dashboards. The administrator can also create and edit identity access-management (IAM) workflows and view security performance data.

Access: One enables the administrator to determine the level of security required for each user-facing app. For example, if they would like a trading account to be more secure, they can require two-factor authentication. Pirean offers the option to use either Google Authenticator or SMS as the second-factor challenge.

PireanAdmin

This screenshot below shows how the administrator adds, edits and removes banking applications from an application dashboard.

In this example, the administrator is adding a cash account, a trading account, and a user-identity application that allows users to change their password, set preferences, and reset security questions.

The easy-to-edit nature helps banks quickly adapt to changing business needs and customer relationships.

PireanAdminApplications

End customers

While the example below shows a customer’s view of bank applications on the Access: One dashboard, Pirean also offers banks the option to integrate Access: One APIs directly with their website.

To create a unified banking experience, banks customize the user-facing platform to match their brand and promote special offers. The clean interface provides access to cash and trading accounts, as well as account settings, user information, and links to partner services.

PireanUserInterface

What’s next

Pirean will have two major partners going live in the next couple of months.

Pirean debuted Access: One at FinovateEurope 2015 in London.

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