Julie Muhn (@julieschicktanz), Author at Finovate

Nostrum Group Enables Users to Service Accounts When and Where They Want

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Nostrum Group

This post is part of our live coverage of FinovateEurope 2015.

Nostrum Group demonstrated how its digital lending platform enables customers to service their accounts when and where they want.

The provision of lending is an inefficient process for both lender and customer. Our research shows that consumers want the ability to service their own accounts where and when they want.

Nostrum is launching the next iteration of its core lending system to satisfy this requirement and lead the market, fitting with our core strategy of making lending cheaper, faster, and safer, reducing operational costs for lenders whilst also providing the required level of support 24/7 when traditional call centres would not be available, allowing consumers to get information immediately whenever they want and, critically, through a secure channel.

Presenters: Richard Carter, chief executive, and Tom Martin, head of project management office

Product launch: February 2015

Metrics: Self funded; 95 employees; £9+ million in revenues; 30+ customers

Product distribution strategy: Direct to Business (B2B)

HQ: Harrogate, Yorkshire, United Kingdom
Founded: August 2001

Website: nostrumgroup.com

Twitter: @nostrumgroup

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C24’s Platform Helps Users Manage Their Finances

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: C24, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

C24 showed how it simplifies personal finances by hiding the complexity of multiple accounts.

C24 is a multichannel platform that allows end users to connect their accounts with different banks, so that their household financial standing is visible and manageable.

Users can pay bills, set bill payment rules, and use linked “proxy” Visa cards to pay for goods online and offline. API of C24 lets partnering banks securely provide their users with info of accounts within these banks; otherwise, customers can use Visa/MC rails or other standard means of linking their sources of funds.

C24 is a user-experience-driven app, where the complexity of numerous accounts is nowhere to be seen. The impetus for C24 to exist is to automate day-to-day finance routines and advise on the best courses of action.

Presenter : Daniel Gusev, co-founder, head of user experience and implementation

Product launch: June 2014

Metrics: A team of 40—with USD $10+ million investment in the company—amassed 450,000+ registered users six months after launching C24 in summer of 2014. In 2015, C24 seeks adoption in the millions of users in international geographies.

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

HQ: Moscow, Russia
Founded: December 2013Website: c24app.com
Twitter: @c24app

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NICE Systems Leverages Voice Biometrics to Create a Secure Environment for Call Centers

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, NICE Systems

This post is part of our live coverage of FinovateEurope 2015.

NICE Systems demonstrated its Real-Time Authentication system.

Real-Time Authentication strengthens and streamlines the authentication process by utilizing voice biometrics to authenticate customers in real time during their conversation with an agent. Contact centers can:

• Securely authenticate customers in real time with no customer effort

• Expedite time to service and free up more time for revenue-generating activities

• Passively enroll the vast majority of customers seamlessly

• Improve fraud protection on all enrolled accounts

Presenters: Elad Hoffman, sales director, EMEA; Audelia Boker, director, demand generation, EMEA; and Jade Kahn, marketing strategy manager

Product launch: September 2013

Metrics: $945 million NICE revenues in 2013; 3,700 employees

Product distribution strategy: Direct to Business (B2B)

HQ: Raanana, Israel

Founded: January 1986

Website: nice.com/enterprise

Twitter: @NICE_Enterprise

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Ixaris Systems’ UI Editor Allows for Easy Customization

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Ixaris

This post is part of our live coverage of FinovateEurope 2015.

Ixaris Systems debuted its user-interface editor.

Ixaris is demonstrating a UI editor that banks can provide to a corporate customer so that the entity can safely, and in a compliant manner, customize the instance of the application that the bank has deployed for them.

Critically, this patent-pending technology enables customization to be carried out by non-technical staff, either operational staff or web agency, without compromising security.

In addition to static web-page and cardholder-portal content, the customer can change the way in which transactions and payment instruments are handled. Tools are also provided for the bank to review, approve, and control the entry of changes into production.

Presenters: Patrick Abela, product director; and Reno Scerri,

pre-sales and solutioning manager

Product launch: April 2015
Metrics: $10M in equity finance raised to date; 130 employees; 2013 revenues $15M

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

HQ: London, United Kingdom
Founded: September 2000

Website: ixaris.com
Twitter: @ixaris

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CashSentinel Debuts Escrow Service Combined with a Mobile Wallet

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: CashSentinel, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

CashSentinel debuted its escrow service and mobile wallet combination.

Online secondhand-car fraud was the #2 most common online scam in 2013, according to the European Consumer Centers network. This market represents over 25 million transactions yearly in United Kingdom, France, Germany, Italy, and Switzerland alone.

CashSentinel developed a solution that combines an escrow service and a mobile wallet, dedicated to facilitating and bringing trust to large transactions between parties that do not have a long-lasting, trusting relationship.

CashSentinel concluded a partnership with Swissquote Bank, the leading online bank of Switzerland, and AutoScout24, the leading secondhand-car marketplace. After a successful trial period, the service is set for fully fledged launch and European expansion in 2015.

Presenters: CEO Sylvain Bertolus; Board Director Michael Chaille

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

HQ: Yverdon-les-Bains, Switzerland
Founded: December 2012

Website: cashsentinel.com
Twitter: @CashSentinel

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Trunomi Launches TruMobile to Helps FIs Share Customer Data While Remaining Compliant

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Trunomi

This post is part of our live coverage of FinovateEurope 2015.

Trunomi debuted TruMobile.

TruMobile connects customers with banks, helping to monetise and personalise customer’s data experience. Built as a customer-centric “Consent Engine,” TruMobile is backed by multiple patent filings.

It seamlessly creates auditable privacy policies, which for the first time permit the sharing of customer Pii data across platforms, jurisdictions, and business lines in full compliance with global regulatory and privacy standards.

Presenters: Stuart Lacey, CEO and founder; Chia Brewin, customer development executive; and Emma Hart, media representative

Product launch: February 2015

Metrics: $2 million raised to date; started earning revenue in 2014; 7 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions and through other fintech companies and platforms

HQ: Bermuda, Dublin and Silicon Valley
Founded: March 2013

Website: trunomi.com
Twitter: @trunomi

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Aire Launches API to Help Underwrite Risk of Borrowers with Thin Credit

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: Aire, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

Aire demonstrated its Credit API that helps lenders underwrite the risk of borrowers with thin credit files.

Aire is launching its Credit API at FinovateEurope 2015. The API enables lenders to use Aire to perform a credit check when traditional data doesn’t exist in the credit bureaus.

The immediate benefit is the ability to re-score applicants when no data exists on their bureau file. This enables lenders to expand the pool of eligible applicants by removing the no-data problem.

The API can also be used as a credit enhancement amongst other use-cases that we are excited to see companies explore. The signup for the API will also open at FinovateEurope for our partners.

Presenters: Cofounders Aneesh Varma and Jon Bundy

Product launch: February 2015
Metrics: Aire is a TechStars company; 7 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions and through other fintech companies and platforms

HQ: London, United Kingdom
Founded: January 2014

Website: aire.io
Twitter: @airescore

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Bendigo and Adelaide Bank Introduces a Mobile Payments Platform with its Own Virtual Currency

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: Bendigo and Adelaide Bank, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

Bendigo and Adelaide Bank showed how its redy mobile payments platform helps users connect with causes that are important to them:

redy is a mobile payments platform that enables customers to transact with registered redy businesses, but it is more than just a way to pay. Each purchase earns a percentage of the transaction value—’Creds,’ a virtual currency—which can be redeemed for personal use or donated to community projects or charities.

Consumers can also complete direct mobile donations from redy simply by scanning the code in either the charity’s, or project’s marketing material. redy connects shoppers and businesses to causes that are important to them and is therefore a marketing tool to encourage local buying.

Presenters: Robert Musgrove, executive community engagement, and

Rick van Emmerik, mobility manager

Product launch: June 2014

Metrics: Please reference our Group Companies page at bendigoadelaide.com.au

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

HQ: Victoria, Australia

Founded: 1858

Website: bendigoadelaide.com.au

Twitter: @bendigobank

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investUP Offers Access to All U.K. Crowdfunding Sites

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, investUP

This post is part of our live coverage of FinovateEurope 2015.

investUP’s platform serves as a single point for U.K. investors to access the crowdfunding market.

investUP offers a centralised access point to the entire United Kingdom crowdfunding market, and includes deals originated by traditional finance providers.

Current investor pain points: Searching for the best deals on all the different sites is time-consuming, and the post-investment experience is lacking. investUP makes it possible for client investors to have just one account and manage one portfolio, whilst still accessing and investing on all their favorite sites.

Presenters: CEO James Tuckett, and Marketing Director Dominik Wolf

Product launch: Spring 2015

Metrics: 1,500 pre-registered investors; 10 crowdfunding sites signed up; £340,000 pounds seed capital raised to date; 8 full-time employees; $50 million institutional placement in year one

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions and through other fintech companies and affiliate platforms

HQ: London, United Kingdom
Founded: 2012

Website: investup.co
Twitter: @investwithUP

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Pirean Launches Identity and Access Management as a Service

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, Pirean

This post is part of our live coverage of FinovateEurope 2015.

Pirean has launched Identity and Access Management as a Service.

Identity and Access Management as a Service for Financial Services is a turnkey solution for managing cloud and data-centre applications that:

• Improves productivity for employees, partners, and customers through single sign on to key resources

• Improves security and provides insight regarding user access to systems

• Delivers better services to more users rapidly, enabling new products and services to be extended to your user population

Quick to deploy and easy to use, our solution is built upon Pirean’s Access: One, our award-winning access-management platform that offers an unrivaled capability to deliver business-process integration and on-brand user-experience management while integrating and reusing existing infrastructure.

Presenters Rob Macgregor, principal consultant & Access: One’s product manager; Rob Blowers, development team lead

Product launch: February 2015

Metrics: Pirean is a private, self-funded company; 55 employees

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

HQ: London, United Kingdom

Founded: May 2002

Website: pirean.com

Twitter: @Pirean

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Onlinepay.com Debuts Mobile Wallet for Social Payments

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, onlinepay.com

This post is part of our live coverage of FinovateEurope 2015.

Onlinepay.com debuted its mobile wallet, designed for mobile shopping and social payments. to top up accounts, and to share money with friends.

Top up your wallet with a credit card and withdraw money from your e-wallet account.

Share your money with your friends! For example, Michael can send Sofia money for a coffee or John can charge Anna for movie tickets. The information about sharing will be reflected in the global newswire of the app.

Make purchases directly from your mobile phone. There are several categories of goods in the mobile shopping tab, including clothing, sports gear, music and much more. You can top up your gaming account directly from your mobile phone, without leaving the game.

Share, Buy and Top Up!

Presenters: Director Vladimir Kovalevskii; Marketing Manager Anfisa Chernaya

Product launch: December 2014 in AppStore

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

Founded: December 2014

Website: onlinepay.com

Twitter: @OnlinePaydotcom

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Financial Media Solutions Makes Financial Analysis Easier to Digest

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: Financial Media Solutions, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

Financial Media Solutions (FMS) showed how it brings life to financial statements.

Those attempting to read financial analysis from a PDF on their smartphone will understand the issue. How do institutions create financial content that is compatible for mobile users?

The answer is with MAPPS – Market Analysis Production and Publishing Solution. Operating from the cloud, MAPPS makes it simple to combine dynamic graphics with an audio message, enabling financial analysis and concepts to be delivered in concise, engaging videographic formats.

As client attention spans shorten—research indicates about 90 to 120 seconds is all the time you have to get a video message across—financial content needs to come in dynamic, bite-size formats that clients can easily digest. This is exactly what MAPPS delivers.

Presenters: Owner and CEO Ian Park; Marketing Director Christopher Thomas

Product launch: January 2011

Metrics: Self financed, less than $100,000; six employees, two clients

Product distribution strategy: Direct to Business (B2B) through financial institutions and through other fintech companies and platforms; licensed

HQ: Walchwil, Zug, Switzerland

Founded: January 2011

Website: mapps-video.com

Twitter: @MAPPSvid

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Finovate Blog

Author: Julie Muhn (@julieschicktanz)

Nostrum Group Enables Users to Service Accounts When and Where They Want

C24’s Platform Helps Users Manage Their Finances

NICE Systems Leverages Voice Biometrics to Create a Secure Environment for Call Centers

Ixaris Systems’ UI Editor Allows for Easy Customization

CashSentinel Debuts Escrow Service Combined with a Mobile Wallet

Trunomi Launches TruMobile to Helps FIs Share Customer Data While Remaining Compliant

Aire Launches API to Help Underwrite Risk of Borrowers with Thin Credit

Bendigo and Adelaide Bank Introduces a Mobile Payments Platform with its Own Virtual Currency

investUP Offers Access to All U.K. Crowdfunding Sites

Pirean Launches Identity and Access Management as a Service

Onlinepay.com Debuts Mobile Wallet for Social Payments

Financial Media Solutions Makes Financial Analysis Easier to Digest