Author: Julie Muhn (@julieschicktanz)

Tink Launches its Personal Finance Service Internationally

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Tink
This post is part of our live coverage of FinovateEurope 2014.

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Next, Tink launched its platform to help users follow their finances:
“Tink is a free personal finance service that allows you to follow your money, wherever you are! The service automatically collects and categorizes up to 2 years of historical transactions and assets from the banks you decide to connect. Once connected, Tink presents your expenses and incomes, suggests budgets, sends alerts, and gives you a personalized feed. Tink removes all the unwanted noise, highlights what’s important, and provides intelligent insights into your finances. Following your money with the Tink feed is as effortless as browsing your Instagram feed!”
Presenting Daniel Kjellén (Founder & CEO) and Fredrik Hedberg (Founder & CTO)

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Product Launch: September 2013, international launch: 2014
Metrics: 10 employees
Product distribution strategy: Direct to Consumer (B2C)
HQ: Stockholm, Sweden
Founded: June 2012
Website: tink.se/en
Twtter: @tink

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MyWishBoard’s P2P Platform Helps Family and Friends Fund Each Others’ Wishes

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, myWishBoard
This post is part of our live coverage of FinovateEurope 2014.

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Next, MyWishBoard stepped up to demo its P2P platform that helps friends and family finance each others’ wishes:
“MyWishBoard.com is the first p2p platform where users can finance their wishes with the help of friends and subscribers. Once the necessary amount is raised, the money is transferred to the gift recipient’s digital account and could be further spent directly in e-stores or withdrawn on a credit card.”

Presenting Alexander Borodich (Co-Founder & Chief Dreams Officer) and Olga Kazmina (Marketing Fairy)

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Product Launch: July 2013
Metrics: $730,000 raised, more than 80,000 registered users with over 650,000 wishes, 6 employees
HQ: Moscow, Russia 
Founded: May 2013 

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Backbase’s Mobile Account Origination Module Creates a Seamless Mobile Enrollment Experience

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

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Next, Backbase demonstrated how it will cut back office processing time with its new mobile account origination and enrollment module:
“We are launching our new mobile origination and enrollment module at FinovateEurope 2014. With the strong mobile capabilities of the Backbase Platform and the growing digital marketing capabilities, we are now including an out-of-the-box tool for seamless mobile enrollment experiences.
The new key features are:
    • Complete mobile application development capabilities within Backbase
    • Out-of-the-box enrollment and origination capabilities to support the online application process including camera facilitated image matching for insurance claims and digital image ID authentication using driving licenses for example – all linked with the FI’s back-end system (STP), with campaign analytics to track and monitor the campaign’s results”
Presenting Jouk Pleiter (CEO & Co-Founder) and Jelmer de Jong (Global Head of Marketing)

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Product Launch: February 2014
Metrics: Privately funded, 150+ employees, offices in New York, Amsterdam, London, Singapore, and Moscow
Product distribution strategy: Through financial institutions, licensed 
HQ: Amsterdam, Netherlands
Founded: April 2003
Website: backbase.com 
Twitter: @backbase

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Dynamics Launches Its Open Loop and Closed Loop Cards

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dynamics, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

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Second up at this session, Dynamics launched its new hardware and software technology, Open Loop and Closed Loop:
Its new technology eradicates credit interchange for merchants while increasing interchange revenue for FIs. End customers can earn rewards by making regular purchases. Can run network and non-network contactless payments.
The new cards have increased security by embedding the EMV chips into the card.
Presenting Jeff Mullen (CEO) and George Schmelzel (Chief Payments Officer) 
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Product Launch: February 2014
HQ: Pittsburgh, PA, USA
Founded: November 2007
Twitter: @dynamicsinc

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CRIF Debuts its Mobile Lending Platform that Adapts to Any Business, Regulation, or Country Requirement

By Julie Muhn (@julieschicktanz) Posted on
Categories: CRIF, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

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Starting off the second session today, CRIF showed how its mobile lending platform can keep institutions compliant:
“CRIF’s innovation combines lending via mobile devices with agile, business user-friendly technology to ensure business KPIs are met during the sales phase of the lending process. The demo shows new releases of CRIF Credit Framework’s technology, which is a Smart Process Application platform built specifically for the credit and lending space that is extremely adaptable to any business, compliance regulation, and country requirement. 
It consists of modular decision management, process management, and business intelligence products used to develop smart, dynamic applications for credit, risk management, and lending. Flexibility along with control and analytical features allow our customers to be faster, better, and more efficient.”
Presenting Aldo Bruschi (VP Global Decisioning Bus. Dev. & Delivery), Sheila Donohue (Product Marketing Manager), and Gabriele Graziani (Application Analyst) 

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Product Launch: Q1 2014
Metrics: $380 revenue (FY 2012), 1,500 employees, customers in 43 countries, credit bureau solutions in 15 countries, over 30M credit applications and collection cases processed in the cloud, lending and decision management solutions in 22 countries
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Bologna, Italy
Founded: 1988
Website: crif.com 

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

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Fiserv
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

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ETRONIKA Debuts BANKTRON Multi-Channel Partnership Ecosystem

By Julie Muhn (@julieschicktanz) Posted on
Categories: ETRONIKA, FinovateEurope 2014
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

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

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Kown
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

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Recently partnered Jack Henry & Associates and Luminous Demo DataVault

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Jack Henry, Luminous
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

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The Currency Cloud Revamps International Payments Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, The Currency Cloud
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

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SQLI Launches Augmented Banking

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, SQLI
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

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Kensho Debuts Warren to Help Institutions Perform Quantitative Analyses

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Kensho
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

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