FinovateEurope 2014 Sneak Peek: Part 5

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While we’re busy polishing up the details for FinovateEurope 2014, we wanted to keep our Sneak Peek series going. Below is the fifth installment of our series that gives a glimpse of what the companies will demo on stage February 11 and 12 in London. Don’t miss out on the action; get your ticket here today to see all of the demos live.

If you missed any of our earlier installments, take a look at FinovateEurope 2014 Sneak Peeks 1-4 below.

And now, meet another six companies who will be demoing next month at FinovateEurope 2014.


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Arxan Technologies protects mobile apps from hackers and malware exploits with award-winning mobile app shielding products. Prevent fraud, unauthorized access and brand compromise with Arxan’s software security.

Features:

    • Strengthens financial apps with self-defense and tamper-resistance 
    • Delivers comprehensive and multi-OS application hardening
    • Deployed at the end of software development without changes to source code
Why it’s great
Arxan provides global Fortune 500 companies with the world’s strongest and most deployed application protection to launch multi-OS mobile services. 

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Vince Arneja, Vice President, Product Management
Vince Arneja brings over 18 years of experience in senior level technical product and program management, with the last 10 years focused on application, endpoint and network security.
LinkedIn

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Winston Bond, European Technical Manager
With over 20 years of experience, Winston has developed software on a wide variety of embedded, desktop and mobile platforms. Winston is European Technical Manager for Arxan Technologies Inc.
LinkedIn


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CRIF sees financial institutions worldwide turn to its Credit Framework, adaptable technology, integrating predictive analytics and know-how, to achieve optimized decision-making and compliant credit processes.

Features:
    • Lending sales mobile app integrating automated decision-making, information and downstream processes
    • Mobile business intelligence for credit and lending
    • Business user-friendly KPI tracking and fine-tuning
Why it’s great
Combines lending via mobile devices with agile, business user-friendly technology to make smarter decisions in the moment.  

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Aldo Bruschi Vice-President 
Aldo is a seasoned credit and decisioning expert. He is motivated by continuous innovation in applying data, predictive analytics and technology to improve credit and lending processes. 
LinkedIn

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Sheila Donohue
International credit and lending go-to-market professional and global marketer for the CRIF Credit Framework.
LinkedIn



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efigence and IdeaBank developed the first European Internet Banking for SMEs integrated with accountancy and cashflow analysis tools on the web, tablets and mobile which works in cloud.
Features:
    • First European “All-in-one” platform for SMEs including Internet Banking, accountancy and cashflow analysis module.
    • Works in the cloud
    • On web, tablets and other mobile devices
Why it’s great
This transaction system for SMEs connected with cloud accountancy systems and a company’s cashflow analysis changed the way of thinking in the banking sector about products for business.  
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Andrzej Szewczyk, Managing Director at Efigence
Andrzej worked for the largest telecoms and media companies and was implementing pioneer projects that used broadband data transmission for the largest Polish websites.

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Steve Sutton, Innovation Manager at efigence
Steve is focused on international business development. 


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payworks makes it easy to build payments into shopper and merchant apps.
Features:
    • Easy integration of payment functionality
    • Combine shopper wallets and Chip & PIN 
    • Work with different hardware and payment providers
Why it’s great
It provides the world of mobile POS on one single platform.

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Christian Deger, Co-Founder and CEO of payworks
Prior to founding payworks, Christian was responsible for building the South East Asian business of PAYRETO, a managed services company for payment providers. 


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Plutus Software’s KreditAja.com (its flagship product) features predictive analytics to aid both borrowers and lenders.
Features:
    • Superior alternative to traditional credit scoring
    • More holistic assessment of a borrower’s creditworthiness
    • Enables lenders to more accurately assess the risk of borrowers
Why it’s great
KreditAja.com’s proprietary credit scoring system aims to produce a more holistic assessment of a borrower’s creditworthiness via incorporating multiple data sources, including social media.  

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Aidil Zulkifli, CEO
Aidil is a Singapore-qualified advocate and solicitor, and practiced law for more than 2 years before founding Plutus Software.
LinkedIn

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Jagannathan J., CTO
Jagannathan possesses 16 years experience as a technologist and was previously Head of Engineering at Yahoo! SEA/India and Singapore’s leading property portal, Propertyguru.com.sg.

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SaaS Markets is the leading enterprise app store platform for financial companies.
Features:
    • Reduce software costs with a centralized app marketplace solution
    • Give your employees and/or your SME customers all of the cloud-based tools they need to succeed
    • Increase IT security and control
Why it’s great
SaaS Markets’ MarketMaker platform–the leading cloud marketplace platform for financial companies.

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Ferdi Roberts, CEO
Ferdi is a former senior executive at Yahoo, Cisco, and Ariba. Educated at Imperial College in London, he has worked across global tech markets for the past 20 years.
LinkedIn

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Jay Manciocchi, JD, Director of Content
Jay formerly worked as a senior executive at Brafton–the U.S.’s largest content marketing agency. He has further worked at Mercer–the global consulting company.
LinkedIn

Stay tuned next Monday, when we’ll bring you six more previews of the hottest in European fintech.

Inside Mortgage Harmony’s Partnership with PenFed Credit Union

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Mortgage banking can be a profitable segment, but shrinking margins, competitive pricing strategies, and lower volumes, it can just as easily be ruthless.

Keith Kelly Mortgage Harmony CEO, Is working on changing this. We caught up with him last week to chat about the recent partnership with Pentagon Federal Credit Union.

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The 1.2 million-member-strong credit union opted to white-label the platform for its users, calling it a One Click Rate Reset Protection. 

To check out the user experience for ourselves, Kelly provided us with a link to a test environment (click here to access). Here is what it looked like after we logged in to the “GTE Financial” test environment:

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The system shows us the details of our current mortgage, along with what it will look like after the rate is reset.

After opting to reset the loan, the customer is prompted to sign the new document using DocuSign:

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Once the signature is confirmed, the site notifies the consumer that the process was successful and informs them when the new rate will take effect.

The Virginia-based company has been busy after the successful implementation of the One-Click Rate Change product with PenFed.

What’s next?
When asked what is next for Mortgage Harmony, CEO Kelly replied that the company is working on a product for auto loans, and plans to go live with the new product with an existing partner this year. What’s more, the company is in the middle of a funding round, which it hopes to close later this year. Check out it’s AngelList site here.

Watch Mortgage Harmony’s demo of its HarmonyLoan product that it debuted at FinovateSpring 2013.

Finovate Alumni News– January 20, 2014

  • Finovate-F-Logo.jpgEntrepreneurial Finance Lab uses psychometric test to stop loan defaulters.
  • Unquote.com examines funding FinovateEurope alumni have received.
  • FreeAgent now enables UK-based sole traders to file their self assessment return to HMRC on the FreeAgent platform.
  • My Manisku Pte Ltd., the company behind TradeHero, selected for Microsoft Ventures Accelerator’s fourth class.
  • The Martin Lewis Money Show talks about P2P lending and Zopa.
  • Tagit-powered Maybank Mobile Money wins Best MCommerce solution ward from Mob-Ex.
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.

Finovate Alumni News– January 16, 2013

  • Finovate-F-Logo.jpgID Analytics names George Gelly Chief Product Officer.
  • Doxo reviews 2013: hits 1 million users mark, achieves 3 to 6x growth in every region of U.S.
  • Northeast Bank to deploy Jack Henry Banking’s SilverLake System core processing platform.
  • TSYS to launch Authorization Controls for credit and debit cardholders.
  • University Business Magazine names peerTransfer a Top Product of 2013.
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.

FinovateEurope 2014 Sneak Peek: Part 3

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To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we’ve compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.

Below, you’ll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:


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The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.

Features

  • The ability to hold multi-currency balances in an ewallet
  • Faster international payments
  • Delivered though our upgraded intuitive interface
  • Why it’s great:
    Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.  

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    Mike Laven, CEO
    Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years
    LinkedIn

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    Richard Bastin, CTO
    With a lifelong passion for technology, Richard has been leading technology departments for over ten years
    LinkedIn


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    ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.

    Features:

      • Holistic multichannel partnership ecosystem for banks and partners
      • Personalized service offerings enabled by smart data analysis
      • Customer loyalty platform with enhanced fraud prevention

    Why it’s great
    Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention. 


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    Kestutis Gardžiulis, CEO
    Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator. 
    LinkedIn

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    Asta Sabaite, Head of Marketing
    Asta’s broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client’s needs.
    LinkedIn


    Feedzai provides payment fraud prevention at Big Data scale.

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    Features
      • Connect mobile bank apps to social apps such as Facebook and Yelp, privately
      • Consumers check in and post status (geolocation) to protect their transactions
      • Feedzai’s fraud software lets banks “friend” customers, offering added peace-of-mind
    Why it’s great:
    Feedzai lets consumers and Banks be Facebook friends in order to make omnichannel commerce safe.

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    Nuno Moura Pires, VP of Sales
    Nuno is a senior sales executive with 15 years experience with a solid and extensive experience in technology and software companies like QlikView and SAS.
    LinkedIn

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    IND Group is a digital banking, PFM and payments technology software innovator and vendor for financial institutions.
    Features:
      • Turns the mobile banking channel into a real-time communication platform 
      • Persona-based design
      • Revolutionary card view concept
    Why it’s great: With IND Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure.  

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    József NYÍRI
    József is the Co-Founder and Chief Innovator of IND Group, market leader of innovative banking front-office solutions.

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    Tamas BRAUN
    Tamas is the General Manager of IND (UK), a subsidiary of IND Group, a leading international innovative banking front end solution vendor.

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    Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation digital banking solutions.
    Features
      • Unique way to create value from data and analyze spending behavior
      • Anonymous and based on consent of retail banking customers
      • New revenue stream. Actionable, real-time insights into retail markets
    Why it’s great
    The Market Watch provides unprecedented, real-time, insights into consumer spending behavior, allowing banks to offer a highly valuable service to retail industry players. 

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    Georg Ludviksson, CEO
    Georg is an accomplished technology entrepreneur with over 15 years of experience of founding, building and managing software companies with a global perspective. 

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    Einar Gústafsson, VP Product Management at Meniga
    An interaction and information designer with a special focus on financial data and online banking. Einar has been working in the web industry since 1998 and is responsible for Meniga’s product roadmap.

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    Trustev provides real time, online identity verification to eliminate fraud and increase revenues.
    Features
      • Brings retail identity decision making in the internet age
      • Provides identity decisions in real time
      • Uses multiple independent dynamic data sources 
    Why it’s great:
    Its rigorous authentication technologies deal with fraudsters, so you can serve your real customers.

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    Pat Phelan, CEO & Co-founder
    One of Ireland’s best-known serial entrepreneurs, Pat Phelan is recognised across the globe as one of the most connected men in the technology industry.

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    Chris Kennedy, CTO & Co-founder 
    Kennedy is a web professional with over 10 years experience in developing state of the art web engineering solutions with a speciality in building heavy duty web platforms.


    Stay tuned over the next few weeks for more in our Sneak Peek series.

    LearnVest-Inspired Book, Financially Fearless, Tops Charts as Best Seller

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    For a fintech company to succeed outside of the digital realm in the physical world of print is not an easy feat. It makes sense, however, that a company with as much spunk as LearnVest has been able to make a splash with a book.

    Alexa Von Tobel, LearnVest Founder and CEO, has been a rising star in the personal finance realm lately. The New York-based CEO released her own book, Financially Fearless, at the end of last year, and it has recently been listed as the #5 New York Times Best Sellers list in the category of Advice, How-to, and Miscellaneous.

    Additionally, it reached:

      • Wall Street Journal Best Seller #1 hardcover in Business and #5 Hardcover in Non-Fiction categories 
      • Chicago Tribune Best Seller #5 in Hardcover Non-Fiction category 
      • Apple iBooks Best of 2013
      • Amazon Best Seller (during the weeks of December 22 and 29, 2013)
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    Readers who forward their book receipt to fearless@learnvest.com can receive a little extra motivation:

      • Advanced access to a $50 credit to LearnVest Planning and one month of support for free ($19 value).
      • Two free tickets to attend LearnVest Live in either New York City, Boston or San Francisco.
      • Exclusive access to January’s premium live, online event – featuring Alexa and covering what you need to know to set achievable goals in 2014.
      • A 10 minute 1:1 session with Alexa (availability is limited).
      • Alexa’s money hacks “cheat sheet.”

    To learn more about LearnVest, check out its FinovateFall 2013 demo, where it debuted its Action Program.

    Where Are They Now? FinovateEurope 2013 Best of Show Winners

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    As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.

    Here are last year’s winners, in alphabetical order:

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    Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

    What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
    Demo video

    What they’ve been up to:
      • Celebrated the second year of its social media bank and attracted 3k banking customers.
      • Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.

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    Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries. 

    What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
    Demo video

    What they’ve been up to:

    • Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
    • Released a mobile banking app for Medicinos Bankas.
    • One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.

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    Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

    What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

    What they’ve been up to:
      • mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
      • mBank announced a new transactional service, new logo, premium offer for affluent customers.
      • Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
      • Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title

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    Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.
    What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
    What they’ve been up to:
      • Promsvyazbank in Russia launched Meniga-powered PFM-Service
      • Raised $6.5 Million (€5 Million) to further develop PFM and online banking
      • BRE Bank launched its “new mBank”based on Meniga´s PFM solution

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    Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.
    What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers ma
    nage and improve their financial health
    What they’ve been up to:
      • Launched their Android app
      • Updated the iOS app
      • Received $2 million investment from Life.SREDA
      • Expanded the beta sign ups for the bank
      • Debuted Money Pulse to help users manage day-to-day finances

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    Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.
    What they demoedAn e-commerce solution that enables kids to manage and spend money within a parent-controlled environment
    What they’ve been up to:
    • Rebranded as Oink
    • Launched new iOS mobile app
    • Contracted with Marvelous USA to provide its payment system on their site
    • Expanded to a quarter of a million users
    • Signed its first UK partners, Toy Galaxy and Toadstool
    • Won The National Parenting Center’s 2013 Seal of Approval under the Websites category.
    • Partnered with epay
    • Received Excellence in Best Practices Award from Frost & Sullivan

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    Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

    What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another
    What they’ve been up to:
    • Launched Android app
    • Presented their solution to the Bavarian Ministry of Economics

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    Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

    What they demoed: Their mobile point of sale system
    What they’ve been up to:
    • Expanded to Latin America with launch of m-payments service in Brazil
    • Cut its transaction fee across Europe
    • Received investment from BBVA Ventures to aid in expansion to South America
    • Launched plug-and-play POS technology
    • Received multi-million Euro investment from Amex and Groupon
    • Launched in Russia and partnered with Svyaznoy Group
    • Partnered with Revel Systems to facilitate card payments
    • Began supporting AmEx in some European markets

    To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

    BankBazaar Pulls in $13 Million from Sequoia Capital & Walden International

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    BankBazaar, a company that provides unbiased rate quotes on loans and insurance products, today announced that it received funding of $13 million. Investors include Sequoia Capital and existing investor, Walden International.

    This newest installment, combined with the $6 million the company received from Walden in 2011, brings the India-based company’s total funding to $19 million. It plans to use the funds to enhance its mobile platform and educate consumers on the benefits of its service.

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    According to Adhil Shetty, BankBazaar CEO, there is increasing demand for products in the online loan market:

    “Even in the slowing market, online loan market is growing at 90%, while the overall loan market is growing at 15%.”

    BankBazaar demoed at FinovateAsia 2012 where it debuted its Real Time Credit Processing Platform.

    Trustly Providing Direct Account Payment Solution for Groupon Users

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    Paying for your daily deal in Sweden is about to become easier. Payment-services company Trustly announced this week that it has partnered with Groupon to provide direct bank payment options to its end customers that have an account at a Swedish bank.

    U.S.-based Groupon works with companies in 48 different countries to help businesses offer deals and incentives to potential customers.

    The daily-deal giant is Trustly’s largestTrustlyHomepage.jpg customer to date in the ecommerce sector. It will directly provide convenient and secure payment methods online for customers of seven banks:

      • Swedbank
      • Nordea
      • Handelsbanken
      • SEB
      • Danske Bank
      • Skandiabanken
      • Länsförsäkringar Bank

    Groupon anticipates the direct payment method to be popular with consumers both online and on mobile devices.

    To learn more about Trustly, check out its demo video from FinovateEurope 2013.

    FinovateEurope 2014 Sneak Peek: Part 1

    FinovateEuropeButtonicon(highres).jpgFinovateEurope is almost a month away, and we’re well into preparing for the show, to be held in London on February 11 and 12 at the historic Old Billingsgate Market Hall.

    Before we all gather around the demo stage, we wanted to give you a preview of what to expect. Below are the first six companies in our sneak peek series. Stay tuned for more!


    CurrencyTransfer.com enables foreign exchange companies 

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    to compete for your business transfers.

    Features:
      • Compare low-cost currency quotes, and book trades in one independent venue
      • 100% cost transparency, displaying side-by-side ‘sell’ and ‘market’ quotes
      • Post trade analysis; no more paper trails
    Why it’s great:
    Access foreign-exchange quotes from all your providers in one place. Execute your business trades at the best price at the click of a button.

    CurrencyTransferPresenter1.jpg

    Daniel Abrahams
    Co-Founder and Head of Partnerships at CurrencyTransfer.com. Half Israeli, Daniel divides his time between offices in London and Tel Aviv. Mentor at Startup ABC & Personal Finance blogger.
    LinkedIn




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    Stevan Litobac
    Co-Founder and Head of Product at CurrencyTransfer. Stevan has advised a number of early stage startups. Loves making things.








    fastacash transfers value through social networks globally.
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    Features:
      • Addresses intersection of payments, social and mobile
      • Transfer monetary value and content across any social or messaging platform
      • Technology easily customized and embedded into partners’ solutions
    Why it’s great:
    Enables transfer of money, airtime, coupons and any other value across any social network or messaging platform.

    FastcashPresenter1.jpg

    Vince Tallent
    Vince has extensive experience in the TMT industry with a global focus on mobile and payments.
    LinkedIn

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    Gilberto Arredondo
    Throughout his career, Gilberto has been involved with new technologies and innovation by driving commercial and operational activities for telecommunications companies.
    LinkedIn

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    Jack Henry & AssociatesLuminous helps banks solve problems. It’s the ultimate financial innovations company with visionary products that are breakthroughs in sheer simplicity.

    Features:
      • Virtual safety-deposit box 
      • Banking customers can upload, sort and store personal and business documents
      • Customers can automatically save and back up the latest version of important documents 
    Why it’s great:
    Customers can easily bank online with important documents automatically filed after just one click  

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    Andrew Teversham
    As Chief Technology Officer for Luminous, Andrew heads up the development and implementation teams at Luminous and has gained extensive experience with SAP implementations over a number of years.
    LinkedIn


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    Phillip Wood

    Phillip is a business development leader with 17 years’ experience in direct sales, business development and strategy in B2C and B2B across EMEA.








    Matchi is an innovation-matchmaking platform for banks and innovators.

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    Features
      • Unprecedented collaboration opportunities for banks
      • Marketing platform for innovators to showcase their latest innovations to banks 
      • A go-to-destination for market-ready, banking innovations online 
    Why it’s great:
    It’s an innovation-matchmaking site for banks and innovators globally.

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    Warren Bond 
    Warren Bond, CEO of Matchi, is constantly looking for new ideas and ways to drive innovation and change in the banking industry.
    LinkedIn

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    Gerrit Hoekstra
    Gerrit Hoekstra, CTO of Matchi, has been delivering embedded mobile and strategic enterprise-grade, big-data solutions for more than 25 years and is passionate about innovative technologies at all levels.
    LinkedIn

    Tink is an innovative personal finance-management app which allows users to better understand how their money is spent. 
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    Features:
      • Making personal finance effortless
      • Consume data in a personalized feed 
      • Insights into your personal finance
    Why it’s great:
    Makes personal finance fun, beautiful and convenient for the first time! 

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    Daniel Kjellén, CEO and Founder 
    LinkedIn








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    Fredrik Hedberg, CTO and Founder









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    Toshl Finance Making finance fun. Helping people shake their finance-management indifference.
    Features:
      • Funtastic finance management UI
      • Fully featured apps on phones, the desktop and everything in between
      • Available worldwide
    Why it’s great: Making finance fun.  

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    Matic Bitenc
    CEO, background in UX, international relations.

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    Miha Hribar
    CTO, co-created numerous high-profile IT projects.
    LinkedIn

    Finovate Alumni News– January 7, 2014

    • Finovate-F-Logo.jpgState of Iowa expands government payment partnership with Dwolla; Iowa DOT begins using service for IFTA and IRP.
    • Urban Partnership Bank introduces upbAnywhere, the New Virtual Banking Platform from Q2 (Q2ebanking).
    • ABL Advisor looks at BancVue’s BancAssets advising partnership with UHaul.
    • Zopa wins “Best Peer to Peer Lender” award from Moneynet Personal Finance.
    • TSYS announces partnership with Womply to provide TSYS Merchant Insights business analytics dashboard.
    • Jack Henry Banking to provide its clients with access to American Express’ FX International Payments service.
    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.

    Finovate Alumni Raise $825 Million in 2013, Up 79%

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    Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.
    2013 funding summary:
      • 62 companies raised $825 million
      • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
      • October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
      • May was second highest with $91 million raised by 7 companies
    2012 comparison
    Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.
    2013YearEndTable.jpg
    Quarter 1 — blog post
    More than $155 million raised by 14 companies
    January — $57 million raised by 6 companies
    February — $56 million raised by 5 companies

    March — $42 million raised by 4 companies


    Quarter 2 — blog post
    More than $205 million raised by 15 companies
    June — $81.7 million raised by 6 companies
    May — $91.5 million raised by 7 companies
    April — $32 million raised by 2 companies

    Quarter 3 — blog post
    More than $171 million raised by 22 companies

    July — More than $63 million raised by 8 companies
    August — More than $26 million raised by 6 companies
    September — $82 million raised by 9 companies
    Quarter 4
    More than $294 million raised by 17 companies

    October— $177 raised by 6 companies
    November — More than $87 million raised by 7 companies
    December — More than $30 million raised by 6 companies

    Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.