Julie Muhn (@julieschicktanz), Author at Finovate

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

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, Matchi

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

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)

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 February 11, 2014
Categories: FinovateEurope 2014, Jumio

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

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)

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 February 11, 2014
Categories: FinovateEurope 2014, Kofax

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

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

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 February 11, 2014
Categories: AdviceGames, FinovateEurope 2014

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

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)

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

Website: advicegames.com

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Pixeliris’ Copsonic Enables P2P Transactions

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, Pixeliris

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

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)

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 February 11, 2014
Categories: FinovateEurope 2014, Plutus Software

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

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)

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 February 10, 2014
Categories: Birdback, Funding

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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FinovateEurope 2014 Launches Tuesday. Come Join Us!

By Julie Muhn (@julieschicktanz) Posted on February 6, 2014
Categories: FinovateEurope 2014

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.

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.

Questions about the event? Check out the FAQ or contact [email protected].

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New OBR Published: Money 3.0

By Julie Muhn (@julieschicktanz) Posted on February 5, 2014
Categories: bitcoin, Online Banking Report

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

By Julie Muhn (@julieschicktanz) Posted on February 5, 2014
Categories: ACI Worldwide, Backbase, Digital Insight, Digital Mailer, Experian, Fiserv, Flint Mobile, Kabbage, PlayMoolah, Taulia

Kabbage 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.

PlayMoolah celebrates third birthday.

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.

Pulse 2.0 takes a look at Flint Mobile.

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.

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Finovate Alumni News– February 4, 2014

By Julie Muhn (@julieschicktanz) Posted on February 4, 2014
Categories: Banno, Finovera, Jack Henry, Kofax, Luminous, Nous.net, Pindrop Security, Refundo, TransferWise

Nous 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.

FinovateEurope 2014: Guess Who’s Coming to London?

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.

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Full Lineup Revealed for FinovateEurope 2014 in London

By Julie Muhn (@julieschicktanz) Posted on February 2, 2014
Categories: FinovateEurope 2014

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):