Author: Julie Muhn (@julieschicktanz)

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

By Julie Muhn (@julieschicktanz) Posted on
Categories: Advanced Merchant Payments, FinovateEurope 2014
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

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

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

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Yseop Launches YseMail, a Sales Force Productivity Suite

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

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MISYS (Formerly Known as IND Group) Shows Off New Digital Banking Experience

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

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Then, MISYS (formerly known as IND Group) demonstrated its new digital banking experience:
“To adapt to younger generations’ requirements, IND Group delivers a best-in-class banking app with an innovative drive. With IND’s next generation mobile banking, Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure. The application offers more than just transactional banking: based on customers’ life situations banks are able to deliver personal, targeted offers, turn data into relevant, visualized information, and provide a user experience like never before, turning mobile banking into their primary engagement and sales channel.”
Presenting József Nyíri (Founder & Chief Innovator) and Tamás Braun (General Manager)

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Product Launch: November 2013
Metrics: €12M in revenue, 8 offices, 225 employees, 40 retail banks & financial institutions as clients
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Munich, Germany
Founded: October 1997
Website: misys.com
Twitter: @MisysFS

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Truphone Helps Banks Stay Compliant with its Mobile Recording Technology

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

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Afterwards, Truphone demonstrated how its Mobile Recording technology helps banks stay compliant:
“The Dodd-Frank Act poses banking technologists with a technical and compliance problem. They must record all mobile phone communications relevant to a trade. Today, most banks do not record mobile devices, they fall outside of their technology stack. Communication is invisible; and that’s why the regulation now exists. 
With Truphone Mobile Recording, businesses record, encrypt and store their mobile calls and text messages, simply and securely – without changing the user experience. Truphone Mobile Recording is available as a secure hosted solution, or can be integrated with existing recording equipment.”
Presenting Paul Liesching (SVP Mobile Recording) and Tom King (Enterprise Account Manager)
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Product Launch: September 2013 (USA), UK Launch November 2011
Metrics: Raised over £200M, circa 700 employees in ten offices across four continents, counts 3 of the top 5 banks in the world as customers, plus many of the FTSE 100 and Fortune 1000.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: London, UK
Founded: June 2006
Website: truphone.com
Twitter: @Truphone

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Matchi’s Innovation Matchmaking Platform Opens Channels of Communications for Banks and Innovators

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

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Matchi debuted its platform that connects banks and innovators:
“Matchi is an Innovation Matchmaking platform for banks and innovators to establish collaborative relationships that deliver increased return on investment for innovators and banks alike. Matchi is here to open persuasive channels of communication so that both sides can benefit from the relationship.”

Additionally, Matchi announced today that it has signed a three year sponsorship deal for Spain with CaixaBank.

Presenting David Milligan (CEO) and Gerrit Hoekstra (CTO)

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Product Launch: November 2013
Metrics: Privately owned company with 10-50 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Hong Kong, China
Founded: 2013
Website: matchi.biz
Twitter: @matchibiz

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Jumio’s Netverify and Netswipe Solutions Help Reduce Security Woes

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

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Starting off the second session today, Jumio demonstrated how two solutions: Netverify and Netswipe offer increased security:
“Netverify offers real-time ID verification of passports, driver licenses, government issued ID cards, utility bills, insurance cards, and bank statements. This cutting edge technology is used by financial institutions, e-tailers, and consumer marketplaces to meet know-your-customer industry regulations, reduce fraud and chargeback costs in purchase transactions, and enhance trust and safety in online communities.
Netswipe supports real-time credit card scanning and validation in online and mobile checkouts. By eliminating the need to have consumers engage in laborious and error-prone key entry, our clients enjoy higher transaction completion rates, increased revenue, and reduced fraud and chargeback.”
Presenting David Pope (Marketing Director EMEA) and John McIntosh (Sales Engineer) 

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Product Launch: 2012
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Palo Alto, CA, USA
Founded: 2010
Website: jumio.com 
Twitter: @jumio

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Kofax’s Mobile Capture Technology Unlocks Many Opportunities to Banks

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

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Then, Kofax demonstrated how its mobile capture technology can be used for everything from account opening to check depositing:
“Kofax is demonstrating how banks can enable customers’ mobile phones to capture documents in support of the onboarding and check deposit process. Customers are prompted to take a picture of a document and submit information, which is automatically extracted, validated for accuracy, and then utilized in the decision process. Kofax® is demonstrating how to engage the customer via the mobile device and allow the customer the ability to interact to open a new account, apply for loans, and deposit cheques with the snap of a photo.”
Presenting Drew Hyatt, SVP Mobile Applications

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Product Launch: February 2014
Metrics: Subsidiaries in 30 countries, >1,200 employees, 800+ channel partners, products available in 70+ countries, 20,000+ customers, London Stock Exchange & NASDAQ: KFX, $266.3M in revenue, $46.3M adjusted EBITA, $93.4M cash
HQ: Irvine, CA, USA
Founded: 1985
Website: kofax.com
Twitter: @Kofax

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AdviceGames Launches Virtual Guardian Angel Platform to Give Banks, Insurers, and IFAs Tools to Serve the Market

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

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Next up, AdviceGames debuted a Virtual Guardian Angel for financial advisors:
“AdviceGames develops the World’s first Virtual Guardian (Advisors) Angel, namely – an intelligent Financial Experience Cloud Platform (FECP). This platform offers two high end services which gives Banks, Insurers and IFAs the tools they require to once again successfully serve these markets. 
Firstly it offers the World’s first academic and interactive omnichannel performance monitor – the NIFA (National Index for Financial Advice) Suite. Secondly the VGA offers an online loyalty store, which provides a cloud-based angel offering designed to improve consumer experience leading to breakthrough customer loyalty.”
Presenting Diederick Van Thiel (CEO) and Rosali Steenkamer (COO)

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Product Launch: February 11, 2014
Metrics: In 2013 we sold eyeOpen to Aegon/Transamerica. The buyout fee is being invested into AdviceGames to develop the virtual guardian angel for the Dutch, UK and US markets. We run offices in Amsterdam, London and San Francisco
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Amsterdam, The Netherlands
Founded: December 24, 2013

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Pixeliris’ Copsonic Enables P2P Transactions

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

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Then, Pixeliris took the stage to demo how its Copsonic can work with P2P Transactions:
“How they describe their product/innovation: CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.
Our technology allows peer-to-peer transactions between feature phones and smartphones but also enables online passwordless authentication turning the devices into security dongles.
We developed an SDK that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”
Presenting Christian Ruiz (Sales Manager) and Emmanuel Ruiz (CEO & Head of Innovation)

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Product Launch: September 2013
Metrics: €210,000 in capital, 11 employees in France, 120 engineers around the world
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com

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Plutus Software Launches KreditAja.com Credit Scoring Site

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

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

By Julie Muhn (@julieschicktanz) Posted on
Categories: Birdback, Funding

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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.

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