Fiserv Debuts New Version of Its Mobile & Tablet Banking Platform, Mobiliti

This post is part of our live coverage of FinovateEurope 2014.

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Next, Fiserv showed off what is new on its Mobiliti mobile and tablet banking platform:
“We are demonstrating the next version of Mobiliti – our flagship mobile and tablet banking platform, with a focus on its completeness, intuitive design and disruptive capabilities.”
Presenting Jonathan Atkinson (Solution Consultant, Digital Channels) and Denis Zelenskiy (Sales Executive, Digital Channels)

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Product Launch: 2014
Metrics: More than $4.5B in revenue from digital banking and payments.  The world’s leading provider of online, tablet and mobile banking solutions, and white-labeled bill presentment, payment and P2P solutions.
Product distribution strategy: Direct to Business (B2B), reaching consumers through financial institutions (licensed or SaaS)
HQ: Brookfield, WI, USA
Founded: 1984
Website: fiserv.com
Twitter: @Fiserv

ETRONIKA Debuts BANKTRON Multi-Channel Partnership Ecosystem

This post is part of our live coverage of FinovateEurope 2014.

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Then, ETRONIKA demonstrated its multi-channel partnership ecosystem within BANKTRON:
“BANKTRON introduces a brand new approach to the customer. By combining banking and partners, data analysis, personalization, loyalty, and even fraud prevention, we have laid a whole new ground for better customer interaction and value added product offering. BANKTRON enables the bank to provide personalized, tailored services to the customer via multiple channels, much attention drawn to the mobile. 
Our flagship product BANKTRON is enriched with data analysis, fraud prevention engines, and a customer loyalty platform, which increases customer engagement and eases the determination of a full customer’s profile based on behavioral patterns. Providing tailored marketing campaigns and enhancing fraud prevention – a way to retain a satisfied customer.”
Presenting Kęstutis Gardžiulis (CEO) and Asta Sabaitė (Head of Marketing) 

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Product Launch: Q2 2014
Metrics: 70 employees, self funded
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Vilnius, Lithuania
Founded: 2000
Website: etronika.com  
Twitter: @EtronikaTweets

Kown’s New Platform Matches People with Investing Opportunities Based on Their Interests

This post is part of our live coverage of FinovateEurope 2014.

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Kown launched its platform that matches people with relevant investing opportunities:
“Kown provides an alternative for the traditional savings account. We match people with investing opportunities based on their interests, risk-graph and investment focus.”
Presenting Alexander Dresen (CEO) and Ilya Rudometov (CTO)

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Product Launch: February 2014
Metrics: 4,100 users of which 900 are accredited investors
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: London, UK
Founded: June 2013
Website: kown.co
Twitter: @kownco

Recently partnered Jack Henry & Associates and Luminous Demo DataVault

This post is part of our live coverage of FinovateEurope 2014.

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Luminous, along with its partner Jack Henry & Associates, started off the second day of FinovateEurope with its DataVault:
“DataVault is a virtual safety deposit box that allows banking customers to upload, sort, and store personal and business documents in one secure place. Now customers can bank online with important documents just a click away.”
Presenting Phillip Wood (Sales EMEA, Jack Henry & Associates) and Andrew Teversham (CTO, Luminous) 

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Product distribution strategy: Through financial institutions
HQ: Monett, Missouri, USA (Jack Henry & Associates) & Johannesburg, South Africa (Luminous)
Founded: 1976 (Jack Henry & Associates) & 2009 (Luminous)
Product Launch: November 2013
Twitter: @ProfitStars, @LuminousBanking

The Currency Cloud Revamps International Payments Platform

This post is part of our live coverage of FinovateEurope 2014.

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The Currency Cloud took the stage to finish off the first day of FinovateEurope 2014:
“This release will provide our clients access to an easy-to-use web console. Cross-border transactions tend to be expensive and inefficient (i.e., error prone) as the majority are executed through some type of manual process. While a variety of alternative international payment providers claim to offer relief, their services have limitations that often leave companies encountering the same issues of high costs, inadequate automation and deceptive pricing. We think global businesses deserve better, and have developed an entirely new model for international payments.”
Presenting Michael Laven (CEO) and Richard Bastin (CTO)

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Product Launch: April 2014
Metrics
• Current number of employees: 42
• Money raised: $8M as of December 2013 – next round imminent. 
• Financial Data: transaction run rate is approximately $4B per calendar month and is projected to double every five to six months. Revenue run rate is currently $4.4M.
• Customer Traction: we have on-boarded over 50 new direct clients with over 1,000 indirect customers since January 2013.
Product distribution strategy: Direct to Business (B2B)
HQ: London, England
Founded: January 2012
Twitter: @Currency_Cloud

SQLI Launches Augmented Banking

This post is part of our live coverage of FinovateEurope 2014.

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Next, SQLI launched Augmented Banking:
“Augmented Banking is a new take at Online Banking. It is aimed at positioning a Bank at the very center of people’s digital lives. 
The core concept behind Augmented Banking is to collect a massive amount of information about a user’s digital life from multiple sources and to push it back to him as a visualization of his financial behavior.”
Presenting Benjamin Thomas (Innovation Manager) and Mederic Morel (Head of Consulting Services) 

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Product Launch: February 2013
Metrics: 2,000 employees
Product distribution strategy: Through financial institutions, licensed
HQ: Saint Denis, France
Founded: 1990
Website: sqli.com
Twitter: @Groupe_SQLI

Kensho Debuts Warren to Help Institutions Perform Quantitative Analyses

This post is part of our live coverage of FinovateEurope 2014.

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Then, Kensho debuted Warren, its technology that aids institutions in quantitative research: 
“Warren is a user friendly, interactive research environment that enables portfolio managers and researchers to quickly and easily perform sophisticated quantitative analyses in a fraction of the time spent by institutional research teams today.
Kensho designed Warren to shorten traditional investment research cycles from days to minutes. Warren can currently answer a million distinct types of natural language questions about the impact of global events on asset prices, such as, “What happens to the share prices of energy companies when oil trades above $100 a barrel and political unrest has recently occurred in the Middle East?” Warren will be able to answer 100 million distinct types of complex financial questions by the end of 2014.”
Presenting Daniel Nadler (CEO) and Adam Broun (Head of Strategy & Bus. Dev.)

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Product Launch: February 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Cambridge, MA, USA
Founded: May 2013
Website: kensho.com
Twitter: @kensho

Nostrum Launches its Virtual Collector, An Automated Lending Platform

This post is part of our live coverage of FinovateEurope 2014.

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Then, Nostrum took the stage to debut its Virtual Collector:
“Nostrum’s mission is to provide a fully automated lending platform, enabling lending to be performed cheaper, faster and safer.
Whilst innovation in certain sectors of the lending industry have addressed the auto approval of applications and now provide loan funds rapidly, no business has adequately considered how delinquency management activity can be redesigned to ease the customer experience and reduce the risk of compliance failure. The functionality demonstrated will replace the traditional call centre operator who manages in and outbound calls to customers to discuss their delinquent payments and either takes a payment or puts an arrangement in place.”
Presenting Richard Carter (Chief Executive) and Tom Martin (Head of PMO)

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Product Launch: February 2014
Metrics: Self funded, 65 employees, £7M+ revenues, 20+ customers
Product distribution strategy: Direct to Business (B2B)
HQ: Harrogate, United Kingdom
Founded: August 2001
Twitter: @nostrumgroup

Switchless’ Solution Helps Banks Enable Users to Buy, Sell, Save, and Spend Bitcoin

This post is part of our live coverage of FinovateEurope 2014.

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Afterwards, Switchless launched its solution that helps financial institutions enable their users to buy, sell, save, and spend bitcoin:
“Our proprietary modular enterprise software allows for partial or full integration into existing financial infrastructures, giving financial institutions maximum flexibility for the unique and complex requirements they face. The following modules are currently available:
Broker: Allows end users to buy and sell Bitcoin using traditional currencies. Our broker algorithm searches for the best pricing globally and offers instant and reliable execution.
Vault: Allows end users to store their Bitcoin securely. Our state-of-the-art cold storage system makes use of multi-level security that substantially increases overall security whilst still delivering a frictionless end-user experience.
Merchant: Allows merchants to accept Bitcoin as payment for goods or services, guaranteeing conversion of Bitcoin to traditional currencies at competitive rates. Full integration also means that end users can easily spend the Bitcoin they have purchased.
Controller: Manages the account level end-user environment. It controls interactions with existing banking infrastructure such as online banking and KYC verification, the Broker, Vault and any other Switchless or external modules.
Our extensive range of exchange, payment and storage modules give financial institutions the unique ability to implement entire crypto-currency ecosystems for their clients.
At FinovateEurope we are showcasing a full implementation of our software for a banking client. This solution allows the bank’s customers to buy, sell, save and spend Bitcoin, all in one easy to use and integrated platform.”
Presenting Marcus Swanepoel (Co-Founder) and Timothy Stranex (Co-Founder)
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Product Launch: January 2014
Product distribution strategy: Direct to Business (B2B)
HQ: Singapore
Founded: June 2013
Twitter: @goswitchless

Advanced Merchant Payments’ Small Business Lending Solution Bridges the Gap Between Retail Banking and Business Banking

This post is part of our live coverage of FinovateEurope 2014.

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Advanced Merchant Payments started off the final session of the day with its small business lending solution:
“AMP’s small business lending solution offers an efficient and scalable means by which banks can readily originate and manage a broad portfolio of small business loans. AMP solves the problem of “the missing middle”: small businesses with one or more bank accounts for which neither consumer nor traditional SME loan products are suitable.
AMP’s platform utilizes existing communication methods to bridge the divide between the Retail Banking and Business Banking activities of a bank – without the costs and difficulties inherent in formal bank system integration.
AMP can manage all or some stages of the loan process: from Qualification to Verification, Credit Scoring, Approval, Disbursement, Daily Repayment & Risk Monitoring, through to Completion.”
Presenting Thomas DeLuca (CEO) and James Lloyd (Director of Product Management)

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Product Launch: February 2014
Metrics: 40 months of successful loan history supporting micro-, small-, and medium-sized enterprises (MSMEs) in both developed and emerging markets; representing approximately 100,000 loan days and 65,000 repayment events.
Product distribution strategy: Through financial institutions.
HQ: Hong Kong, China
Founded: April 2009
Twitter: @AdvancedPay

SoftWear Finance’s hacu Platform Helps Banks Promote its Products and Create and Better User Experience

This post is part of our live coverage of FinovateEurope 2014.

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Then, SoftWear Finance demonstrated how its hacu platform can help banks deliver a better user experience:
“With the hacu platform, a bank can provide customers with the best possible user experience on any platform or device. The sophisticated technology lets a bank promote its products and services with remarkable ease:
        • Easy integration with Facebook and Foursquare lets banks get to know their clients better and offer banking services and products more effectively. For bank customers, hacu makes online banking a welcome essential in their daily routine. 
        • A PFM system that lets bank customers rapidly analyze expenses and income, while accurately predicting their financial future. 
        • hacu’s high performance is rapidly adapted to a bank’s requirements. 
        • Speed and convenience for covering web, mobile, Smart TV, and ATM channels through a single design.”
Presenting Pavel Malyshev (CEO) and Igor Dubovoy (Director, Development & New Business)

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Product Launch: June 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Saint Petersburg, Russia
Founded: April 2012
Twitter: @softwearfinance

Yseop Launches YseMail, a Sales Force Productivity Suite

This post is part of our live coverage of FinovateEurope 2014.

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Afterwards, Yseop launched YseMail, a product aimed at helping sales agents:
 
“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (pronounced “Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. YSF analyzes customer data, dialogs intelligently with the financial advisor or customer to gather contextual data and produces written conclusions in seconds, including pre- and post-meeting summaries, personalized marketing communications and prep-to-meeting documents. YSF has demonstrated an improvement in sales productivity of 20% overnight.”
Presenting Elizabeth Farabee (VP Marketing) and Arden Manning (Communications & Bus. Dev.)

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Product Launch: February 2014
Metrics: Privately self-funded. Over 20 years of research. Commercialized as a stand-alone product in Europe at end of 2008. 30 employees. Winner of 2013 Google-sponsored DMA Innovation Award for its CRM integrated cross-selling solution. Selected as French National Champion for the 2013-14 European Business Awards. Largest customer in production is a retail bank with 12,500 daily users.
Product distribution strategy: Direct to Business (B2B), through other fintech companies 
HQ: Lyon, France (European Headquarters) & Dallas, Texas (U.S. Headquarters)
Founded: First commercialized as a stand-alone product in Europe at the end of 2008.
Website: yseop.com
Twitter: @YseopAI