Plutus Software Launches KreditAja.com Credit Scoring Site

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

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Plutus Software is up first, launching its credit scoring site, KreditAja.com:
“In addition to the comparison functionality for the various financial products, KreditAja.com features predictive analytics to aid both borrowers and lenders.  For borrowers, this potentially enables creditworthy individuals to gain access to financing that they normally would not be able to obtain based on traditional credit scoring methods. At the same time, this analytics capability enables lenders on our platform to more accurately assess the risk of borrowers so as to better price the products that they are disbursing. Our proprietary credit scoring system aims to produce a more holistic assessment of a borrower’s creditworthiness via incorporating multiple data sources, including social media.”
Presenting Aidil Zulkifli (CEO) and Jagannathan Janagyraman (Group CTO)
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Product Launch: February 2014
Metrics: S$700,000 raised in seed funding, 15 employees, approximately $5 million in approved loans
Product distribution strategy: Direct to Business (B2B), licensed
HQ: Singapore
Founded: February 2012
Website: KreditAja.com

UK-Based Card-Linked Offers Company, Birdback, Raises $2.4 Million

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Adding to the flood of funding this month, card-linked offers company Birdback recently announced $2.4 million dollars in venture funding.

Passion Capital led the round, followed by:

    • Paul Nikkel
    • Luke Johnson
    • Playfair Capital
    • #1seed

The UK-based company will use the round to retailers and financial institutions. Users in the UK, France, and Brazil will have the first opportunity.

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

FinovateEurope 2014 Launches Tuesday. Come Join Us!

The Finovate team is on their way to London, and that can only mean one thing: FinovateEurope 2014 is just around the corner!

Here’s what you need to know as you prepare to attend the biggest show we’ve ever hosted in Europe:

Schedule
Registration opens at 8AM on Tuesday, February 11 and the demos will go from 9:00AM Tuesday until 3:30PM on Wednesday.

If you don’t have your ticket yet, there’s still time. Ticket registration will be open until we sell out. Click here to be a part of our record-breaking audience.

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Venue
We’ll be returning to the Old Billingsgate Market Hall on the Thames. As a reminder, here’s the address:

1 Old Billingsgate Walk 16 Lower Thames Street London, EC3R 6DX
Presenters
Throughout the two day event, 67 companies will have a chance to show off their newest technology from the Finovate stage. Check out our Presenters page to learn more about each company.Euro2014BookletLogoCloud.jpgQuestions about the event? Check out the FAQ or contact info@finovate.com.

New OBR Published: Money 3.0

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The report, Money 3.0: Payments Go Mobile examines the evolution of money beyond cash, check and credit cards. We also take a look at the biggest story in payments over the past six months, the rise of bitcoin. If you believe the proponents, we’ve been witnessing the founding of the “internet for money.” 
That may be true, but like Napster when it created the “internet for music” there will be substantial push-back from existing players. And this time, legacy providers will have the full support of the government to keep the newcomers in check. 
But as the music industry changed post-Napster, we expect the rise of bitcoin, and digital financial transfers in general (especially mobile), to have lasting impact on the financial services industry. The rapid rise of mobile payments at PayPal, the original alt-payments disrupter, illustrates the speed of change in the space.
This report looks at the latest developments and recommends potential courses of action for financial institutions of all sizes.


About the report



Money 3.0: Payments Go Mobile
(link)

Apple, Bitcoin, & mobile apps are changing the game. What’s a bank to do?

Author: Julie Schicktanz, Research Analyst
Editor: Jim Bruene, Editor & Founder
Published: 4 February 2014
Length: 36 pages
Cost: No extra charge to OBR subscribers, US$395 for others here

Report excerpt:

A look at Fidor Bank’s recent involvement in bitcoin:
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—————————————————————

Finovate Alumni News– February 5, 2014

  • Finovate-F-Logo.jpgKabbage expands platform to serve all SMBs: online, brick-and-mortar, and services businesses.
  • Spend Matters interviews Taulia’s Markus Ament on its discounting philosophy, e-invoicing, and ERP.
  • Gartner recognizes Backbase CXP as being at the forefront of UX design and mobile development support.
  • Washington Federal picks Fiserv’s DNA account processing platform.
  • Digital Mailer adds eight new financial institutions to its My Virtual Strongbox service.
  • Experian launches real-time data sharing service for UK credit providers.
  • Genesis Financial chooses ACI Worldwide to power multichannel call center and eLockbox payment options.
  • LegacyTexas Bank of Plano to work with Digital Insight to deploy online and mobile banking solutions. See Digital Insight demo at FinovateEurope next week.
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– February 4, 2014

  • Finovate-F-Logo.jpgNous makes it to the finals of UK’s Million Pound Startup competition. Check them out at FinovateEurope in London.
  • Luminous partners with Jack Henry & Associates. Come see them both at FinovateEurope next week.
  • Pindrop Security achieves record growth in 2013 fueled by rising phone-based fraud.
  • Sun Hearlad features Finovera as a new site to help manage personal finances.
  • In yet another partnership, Refundo partners with Stripe to process payments for tax preparers.
  • CNB Texas launches responsive design website from Banno for greater cross-sell potential.
  • Top-Five U.S. Bank makes million dollar investment in software licenses for Kofax’s Mobile Capture. Come see Kofax’s live demo at FinovateEurope.
  • VentureBeat lists TransferWise among London’s hottest startups.
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.

Full Lineup Revealed for FinovateEurope 2014 in London

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It’s official! FinovateEurope 2014 will be our largest European conference so far. We’ve topped last year’s record-breaking crowd and tickets are still rolling in.

The 67 presenting companies are polishing up their demos and getting ready to board the planes, trains, and automobiles that will take them to the Old Billingsgate Market Hall on February 11 and 12 in London.

Here’s where each of the companies is headquartered (click to enlarge):

finovateEurope14map.jpgHere is the full list of companies that will take the legendary FinovateEurope stage:

  • Advanced Merchant Payments
  • AdviceGames
  • AnalytixInsight
  • Arxan Technologies
  • Atsora
  • Avoka
  • AXA Banque and Chappuis Halder & Cie
  • Backbase
  • BehavioSec
  • Cardwise
  • CRIF
  • CurrencyTransfer.com
  • Device Ident
  • Dynamics
  • efigence & IdeaBank
  • Encap Security
  • ETRONIKA
  • EXCESS RETURN
  • EZBOB
  • fastacash
  • Feedzai
  • Fiserv
  • Five Degrees
  • GMC Software Technology
  • IND Group
  • Innovation Agency
  • Intuition Intelligence
  • ITSector
  • Jack Henry & Associates and Luminous
  • Jumio
  • Kensho
  • Kofax
  • Kown
  • LifePay
  • Luxoft
  • Matchi
  • Meniga
  • Mobino
  • The Moneyer
  • Money on Toast
  • My Order
  • myWishBoard
  • NF Innova
  • Nostrum Group
  • Nous.net
  • payworks
  • PhotoPay
  • Pixeliris
  • Plutus Software
  • Red Zebra Analytics
  • SaaS Markets
  • SecureSafe
  • Smart Engine
  • SoftWear Finance
  • SQLI
  • Switchless
  • Temenos
  • Tink
  • Top Image Systems
  • Topicus Finan
  • Toshl
  • Truphone
  • Trustev
  • vaamo
  • YourWealth
  • Yseop

For more information on these companies, check out our company page here or view our Sneak Peek series below.

Be sure to guarantee your spot at the show as we head toward a sellout crowd. For those of you who already have your ticket, we’ll see you in London!

Sneak Peek #1

Sneak Peek #2

Sneak Peek #3

Sneak Peek #4

Sneak Peek #5

Sneak Peek #6

Sneak Peek #7


FinovateEurope 2014 is sponsored by: The Bancorp, Be Group, Financial Technology Partners, and Life.SREDA.

FinovateEurope 2014 is partners with: Aite Group, Bank Innovators CouncilBankersHub, Celent, The Financial Services Club, FSIC, Hotwire PR, Level39, Mapa Research, SME Finance ForumVisible Banking, & World Finance.

Finovate Alumni News– January 31, 2014

  • Finovate-F-Logo.jpgHuff Post lists Mint and BillGuard as 2 tools to help monitor your account 
  • American Banker looks at how Open Bank Project seeks to help banks open their own app stores.
  • CBS Pittsburgh features Dynamics. Come see it demo its latest technology at FinovateEurope.
  • Acculynk’s P2P platform Payzur now allows businesses to make instant direct deposit payments to debit cards.
  • Data scientists return to Check for clues on consumer behavior.
  • Guaranty Bank announces its deployment of FIS core banking platform.
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.

Full Lineup Revealed for FinovateEurope 2014 in London

FEUCrowd3.jpg

It’s official! FinovateEurope 2014 will be our largest European conference so far. We’ve topped last year’s record-breaking crowd and tickets are still rolling in.

The 67 presenting companies are polishing up their demos and getting ready to board the planes, trains, and automobiles that will take them to the Old Billingsgate Market Hall on February 11 and 12 in London.

Here’s where each of the companies is headquartered (click to enlarge):

finovateEurope14map.jpgHere is the full list of companies that will take the legendary FinovateEurope stage:
  • Advanced Merchant Payments
  • AdviceGames
  • AnalytixInsight
  • Arxan Technologies
  • Atsora
  • Avoka
  • AXA Banque and Chappuis Halder & Cie
  • Backbase
  • BehavioSec
  • Cardwise
  • CRIF
  • CurrencyTransfer.com
  • Device Ident
  • Dynamics
  • efigence & IdeaBank
  • Encap Security
  • ETRONIKA
  • EXCESS RETURN
  • EZBOB
  • fastacash
  • Feedzai
  • Fiserv
  • Five Degrees
  • GMC Software Technology
  • IND Group
  • Innovation Agency
  • Intuition Intelligence
  • ITSector
  • Jack Henry & Associates and Luminous
  • Jumio
  • Kensho
  • Kofax
  • Kown
  • LifePay
  • Luxoft
  • Matchi
  • Meniga
  • Mobino
  • Momentum
  • The Moneyer
  • Money on Toast
  • My Order
  • myWishBoard
  • NF Innova
  • Nostrum Group
  • Nous.net
  • payworks
  • PhotoPay
  • Pixeliris
  • Plutus Software
  • Red Zebra Analytics
  • SaaS Markets
  • SecureSafe
  • Smart Engine
  • SoftWear Finance
  • SQLI
  • Switchless
  • Temenos
  • Tink
  • Top Image Systems
  • Topicus Finan
  • Toshl
  • Truphone
  • Trustev
  • vaamo
  • Yseop

For more information on these companies, check out our company page here or view our Sneak Peek series below.

Be sure to guarantee your spot at the show as we head toward a sellout crowd. For those of you who already have your ticket, we’ll see you in London!

Sneak Peek #1

Sneak Peek #2

Sneak Peek #3

Sneak Peek #4

Sneak Peek #5

Sneak Peek #6

Sneak Peek #7


FinovateEurope 2014 is sponsored by: The Bancorp, Be Group, Financial Technology Partners, and Life.SREDA.

FinovateEurope 2014 is partners with: Aite Group, Bank Innovators Council, BankersHub, Celent, The Financial Services Club, FSIC, Hotwire PR, Level39, Mapa Research, SME Finance Forum, Visible Banking, & World Finance.

Finovate Alumni News– January 30, 2014

  • Finovate-F-Logo.jpgArxan appoints Patrick Kehoe as Chief Marketing Officer.
  • GRANCO Federal Credit Union to offer Geezeo powered PFM.
  • Mitek’s Mobile Photo Payments now offered by a large, unnamed cable, telecomm and media companies.
  • Lighter Capital extends 40th loan.
  • Lodo Software changes its name to D3 Technology.
  • miiCard adds former SWIFT CEO Lázaro Campos, previous VP of SecureWorks Richard Lewis, and prior Clydesdale executive Kenny White to its Board of Directors.
  • Zopa secures £15 million from London-based Arrowgrass Capital Partners.
  • Crowdfund Insider looks at SeedInvest and its comment letters to the SEC on crowdfunding and the JOBS Act.
  • LendUp launches educational video series to help combat identity theft.
  • Flint Mobile announces start of partner program for ISOs, MSPs, and ISVs.
  • Financial Times column on online banking and the cloud features Fidor Bank.
  • Your Story features TransferWise and its co-founder Taavet Hinrikus.
  • InComm and H&R Block enable consumers to reload their H&R Block Emerald Card at more than 60k Vanilla Reload locations in the U.S.
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 7

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Before our team at Finovate packs their bags for FinovateEurope in London, we compiled the final seven glimpses of what presenting companies plan to show on stage at Old Billingsgate Market Hall on February 11-12.

If you missed the first six installments of our Sneak Peek series, you can view them here:


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Cardwise’s Xpenditure provides innovative expense management, eliminating your expense notes completely.
Features:
    • Integrated approval flow on expense level
    • Clear and user-friendly design
    • Intelligent scanning of receipts and statements
Why it’s great:
Finally easy expenses management for independents and bigger companies, also available via added value partners.

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Wim Derkinderen, Co-founder & COO

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Koen Christiaens, Head of product
 
 
 

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Encap Security’s Smarter Authentication is the world’s only software-based, banking-grade authentication technology that doesn’t compromise between security and user experience.
 
Features:
 
    • Non-OTP authentication for both web and native apps
    • Device authentication for low-risk transactions, and PIN for high-risk
    • Risk metrics: jailbreak detection; keystroke and behaviour analysis
Why it’s great:
To balance security and the user experience authentication must be proportional to activity. This is only possible by using software, data and a smart device.

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Thomas Bostrøm-Jørgensen, CEO
Thomas has over 10 years experience in the mobile financial services, identity management and mobile application security sectors.

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Adam Dolby is VP Business Development with 10+ years in authentication and security and 10+ years in financial services.
LinkedIn

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Innovation Agency’s Innovation Cafe is an Innovation management platform, based on the social-based innovation approach for driving collaborative, measurable innovation within the enterprise.
Features:

 

    • Transparent judging and online rewards process automation
    • Widgets and crowdsourcing from external platforms allow integration with Innovation Cafe and pushes feedback from clients into an internal Innovation Cafe instance
Why it’s great:
Innovation Cafe is primarily targeted at financial services organisations, and has been designed for adoption within these ecosystems.

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Rory Moore, CEO
Rory assists companies in reframing their businesses through innovation initiatives and has successfully implemented many innovation initiatives with a strong focus on social based innovation.
LinkedIn

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Sean O’ Reilly, CTO
Sean has great industry experience in creating software for innovation projects. He is enhancing his skill with a Masters Degree in Artificial Intelligence.LinkedIn
 

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Intuition Intelligence’s end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.
Features:

 

Why it’s great:
By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre & post login.

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Arif Ansari
Keynote Speaker for Big Data & Predictive Analytics, Expert in multiple areas of advanced intelligent systems and Multiple Patent holder.
LinkedIn

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Yusuf Ansari
Entrepreneur with track record of achieving #1 Market Share, Visionary in building iconic products and Hands on execution and Product management.
LinkedIn

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Kofax is enabling customers to use mobile phones to interact with banks to open a new account, apply for mortgages, and deposit cheques with the snap of a photo.  
Features:

 

    • Meet and service the customer via the mobile channel
    • Reduce operating costs and minimize drop-off rates
    • Build competitive advantage while increasing growth and profitability
Why it’s great: 
Kofax Customer Onboarding improves the agility and profitability of your bank’s customer onboarding processes by engaging customers via mobile devices.

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SoftWear Finance’s hacu platform enables a bank to provide customers with the best possible user experience on any platform or device.
 
Features:

 

    • Easy integration with Facebook and Foursquare lets banks get to know their clients better.
    • hacu’s high performance is rapidly adapted to a bank’s requirements.
    • Speed and convenience
Why it’s great:
Sophisticated technology lets a bank promote its products and services with remarkable ease.  

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Pavel Malyshev, Co-Founder and CEO
LinkedIn
 
 

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Igor Dubovoy, Co-Founder and Head of Business Development

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vaamo is the new way of investing your money: easy, clever, and absolutely safe.
Features:
    • Focus on personal financial goals, not financial products
    • Save and invest money with just 3 clicks, anytime and everywhere
    • Neither investment experience nor financial advice required
Why it’s great:
vaamo fundamentally changes saving and investing by providing intuitive and profitable online investment management that focuses on planning, monitoring, and achieving your personal financial goals.

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Oliver Vins, Co-Founder and CPO
After advising banks for more than 8 years at McKinsey, Oliver aims at providing professional and fair investment products to everyone.
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Thomas Bloch, Co-Founder and CFO
Following 8+ years in financial institutions investment banking at J.P. Morgan, Thomas is dedicated to provide retail customers with investment solutions similar to those reserved for high net worth individuals.
LinkedIn

If you still don’t have your ticket to FinovateEurope, there’s still time. Get your ticket here and don’t miss out on the hottest innovations in European fintech.

19 Finovate Alums Selected for 2014 European FinTech 50 Awards

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:


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AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.

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BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.

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Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.

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eToro, for its social trading and investment network

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ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.

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Fidor Bank, for its innovative online banking community.

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Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.

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FreeAgent, for its SMB-focused online accounting system.

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Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.
Holvi, for its smart checking account for group activities.
Ixaris, for its innovative global applications based on open-loop prepaid card schemes.

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Klarna, for its e-commerce payment solutions.

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mBank, for its Bank 3.0 approach to online and mobile banking.

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Meniga, for its white-labeled PFM and next-generation online banking solutions.

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Nutmeg, for its online savings and investing service that helps users manage their money.

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The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.

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TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.

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Wonga, for its service that provides small, short term cash advances to UK consumers online.

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Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.