Trustly Helps You Safely Pay and Get Paid for Goods Sold Online

This post is a part of our live coverage of FinovateEurope 2013.

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Third, Trustly showed how its direct, person-to-person payment solution can help you pay and get paid for items sold online:
“Today there are many payment methods available for the e-commerce market, but there are no solutions solving the pain people experience when buying and selling on electronic person-to-person marketplaces – the risks and hassle of exchanging cash, and in the case of non-local deals where the goods have to be shipped – the risk that the buyer will not receive the goods or the seller will not receive the payment. 
Trustly Direktbetalning removes these pains.
We’ll showcase how people from now on can safely pay and get paid for goods sold on Sweden’s largest marketplace, with an integrated fraud guarantee. Trustly Direktbetalning is a direct person-to-person bank payment solution embedded in the marketplace and does not require its users to learn any new behaviour or sign up to any new feature. It will (thanks to the combination of the following features) revolutionize the way people pay and get paid when purchasing goods from each other:
1. Direct and seamless payments embedded in the marketplace
2. Integrated instant identification – no false identities can be used
3. Fraud guarantee offered to both buyer and seller for complete peace of mind
Trustly Direktbetalning leverages Trustly’s proprietary direct bank e-Payment system. Its first marketplace partner is Blocket.se, Sweden’s largest marketplace with an aggregate value of ads posted in excess of €20B per year. It can, in principle, be embedded into any online marketplace in the world, or offered as a stand-alone service.”
Product Launch: Q1 2013
HQ: Stockholm, Sweden
Founded: April 2008
Metrics: Organically grown, Employees: 35+, Number of payments: 200,000+ monthly
Website: trustly.com
Presenting Carl-Henrik Somp (COO)
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OPENTECH Launches Enhanced Hybrid Apps for Mobile Banking and Payments

This post is a part of our live coverage of FinovateEurope 2013.

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Just before lunch, OPENTECH debuted its Enhanced Hybrid apps:
“At Finovate we are launching a revolutionary approach to mobile finance with our suite of Enhanced Hybrid (TM) apps for mobile banking and mobile payment.
Not happy with HTML5 UX, neither with native app complexity? Enhanced Hybrid is the solution:
•  User experience same as native apps
•  Development “server side” instantly available cross platform
•  Minimized testing effort thanks to a common codebase across all supported devices
•  Multiplatform rollout without additional development costs
•  Change management without publishing a new version on the app stores”

Product Launch: February 2013
HQ: Roma, Italy
Founded: May 2003
Metrics: In the last 4 years revenues have grown from €800K to over €4M. Five out of top 10 banks in Italy chose OPENTECH mobile banking product.
Website: opentech.com
Presenting Stefano Andreani (CEO) and Alessandro Borghini (Head of User Experience)
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Additiv’s add.direct Improves Customer Experience While Keeping Cost Down

This post is a part of our live coverage of FinovateEurope 2013.

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Now, Additiv is demonstrating how its add.direct solution can improve customer experience while lowering cost:
“With add.direct we solve two major issues in banking today:
1. Costs
Add.direct allows for a major step in the industrialisation of banks by automating the mid- and front-office processes. It enables a true end-to-end business process along the complete customer journey.
2. Differentiation in the marketplace
Add.direct allows for a highly improved customer experience along all touchpoints and is the basis for serious 2.0 banking.”
Product Launch: September 2012
HQ: Zurich, Switzerland
Founded: 1998
Metrics: 40+ FTEs, privately held company, self-funded
Website: additiv.ch
Presenting Michael Stemmle (Chairman) and Manuel Thomet (Head, Bank 2.0 Consulting)
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eWise’s MyFin Mobile Banking Solution Combines PFM, Account Aggregation, and eAuthentication into a Single Solution

This post is a part of our live coverage of FinovateEurope 2013.

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Next, eWise brought its MyFin mobile banking solution to the stage:

“The eWise MyFin mobile banking application combines the most powerful elements of PFM, account aggregation, and eAuthentication into a single, integrated solution. 

The groundbreaking functionality of the eWise MyFin application transforms the consumer’s online banking into a simple, fast, and powerful experience that delivers unprecedented value to financial institutions through an integrated ROI engine.”

Product Launch: November 2012
HQ: Redwood City, CA
Founded: 2000
Website: ewise.com
Presenting Alex Grinberg (Founder) and Mark Matthews (Managing Director)
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Moven (Formerly Movenbank) Gives a First Look at Its Mobile Platform

This post is a part of our live coverage of FinovateEurope 2013.

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Next up is Moven (formerly Movenbank), who showed how its tools can help you better understand your finances:

“At FinovateEurope 2013 we will be demonstrating the Movenbank mobile banking experience along with how CredScore® and our Spend, Save, Live tools will help consumers manage and improve their financial health. 

The demo will include features of the day-to-day mobile banking experience and the online platform.”

Product Launch: February 2013
HQ: New York, NY, USA
Founded: March 2011
Metrics: Thus far the company has raised more than $2.5M in seed funding, has around 20 employees and about 10,000 registered users.
Website: moven.com
Twitter: @getMoven
Presenting Brett King (CEO & Founder)
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The Backbase Digital Marketing Module Helps Bank 2.0 Portal Users Enhance Marketing Efforts

This post is a part of our live coverage of FinovateEurope 2013.

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Starting off the second session today is Backbase, who showed off its new Backbase Digital Marketing module:
“Backbase is demoing Backbase Digital Marketing, a new module within Backbase Bank 2.0 Portal. With Backbase Digital Marketing, banks get the option to easily create and manage:
• Cross- & up-sell campaigns 
• Lead generation campaigns
• Closed loop marketing
• Loyalty features
The Backbase Digital Marketing module does not only work on regular desktop browsers but is optimized to work in a multi-channel setting (from desktop to tablets and smartphones). Backbase Digital Marketing can be used in any existing website or Internet Banking platform, offering banks a simple point solution to start working with Backbase Bank 2.0 Portal.”
Product Launch: February 2012
HQ: Amsterdam, The Netherlands
Founded: April 2003
Metrics: Privately funded, 150+ employees with offices in New York, Amsterdam, London, Singapore and Moscow.
Websitebackbase.com
Twitter: @backbase
Presenting Jouk Pleiter (CEO & Co-Founder) and Jelmer de Jong (Global Head of Marketing)
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BBVA’s New Tool Uses Twitter Sentiment to Analyze Stock Market Behavior

This post is a part of our live coverage of FinovateEurope 2013.

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The final demo for the first session today is BBVA, who showed how its tool can assess whether views of the stock market expressed in Twitter correlate with actual market behavior:

“To find out if the “market sentiment” expressed in Twitter is correlated with actual market behavior, we at BBVA have launched Stockbuzz (www.stockbuzz.es). This is a site where the user can view the sentiment that Twitter users feel on the Ibex 35 and the securities that make up the index, and compare it with their actual share price on the stock exchange. 

The website is user friendly, easily understandable and attractive. It shows graphs and data based on the information that is posted on Twitter, but also promotes interaction with this social network, as it contains a section where site visitors can leave their own messages on the analyzed stocks.”

Product Launch: December 2012
HQ: Madrid, Spain
Founded: January 1857
Metrics: 117,500 employees, over 30 countries, more than 47M customers, 900,000 shareholders
Website: bbva.com 
Presenting Jose Antonio Gallego (Head of Open Innovation) and Marisol Menendez (Open Innovation Manager)
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SumUp Demos Payment Acceptance Platform

This post is a part of our live coverage of FinovateEurope 2013.

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SumUp just started its demo featuring a payment acceptance platform:
“SumUp’s payment card acceptance platform helps the millions of small businesses that are missing out on customers because they cannot accept card payments. Traditional card terminals are expensive, with high monthly fees and long contract durations. SumUp’s payment dongle 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 iOS and Android app, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.”

Product Launched: Q1/2 2013
HQ: Dublin, Ireland
Founded: August 2011
Metrics: Completion of a two-digit million EURO funding round in Q2 2012, over 130 employees across 10 countries
Website: sumup.com
Twitter: @SumUp_UK
Presenting Stefan Jeschonnek (Co-Founder & CMO) and Florian Richter (Country Manager UK)
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Kantox Facilitates B2B Currency Exchange Without Excessive Fees

This post is a part of our live coverage of FinovateEurope 2013.

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Afterwards, we saw Kantox, who demonstrated its platform that enables businesses to exchange currency directly between companies:
“How does it work? Kantox makes it possible for currencies to be exchanged transparently, directly between companies without going through the banking system and thus avoiding paying excessive bank commissions.
What do we offer? We offer spot and forward transactions in more than 20 foreign currencies.”
Product Launch: October 2011
HQ: London, UK
Founded: June 2011
Metrics: Over 70 corporate clients and more than $20M USD traded to date. Over €50,000 in revenues. Seed funding in July 2011 was over €150,000 and Series A in July 2012 was €1M. There are currently 15 employees.
Website: kantox.com
Twitter: @KantoxFX
Presenting Philippe Gelis (CEO)
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NICE Mobile Reach Brings Personalized Customer Care to the Mobile Experience

This post is a part of our live coverage of FinovateEurope 2013.

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Then, NICE took the stage to demonstrate how its Mobile Reach solution can bring a better customer experience to mobile banking:
“NICE Mobile Reach complements mobile banking by intelligently bridging self-service and assisted-service, creating a service experience that is as smart as customers’ devices.  The solution provides the following:
• ENGAGE: Understanding customer intents in real-time, and recommending to them – just at the right time and if relevant – the next step for fulfilling their needs.
• CONNECT: When needed, seamlessly connecting the customer directly to the right agent, bypassing the IVR and transferring the context from the mobile device to the agent desktop.
• COLLABORATE: Expanding customer interactions with agents beyond verbal discussions using multimedia collaboration tools, such as sending text, images, and documents.
• FEEDBACK: Once the service interaction is done, presenting a survey to the customer as a natural step of the interaction.
Result for the customer: Ultimate customer experience – as personalized, relevant, and as effective as possible.
Result for the enterprise: Boost in business results, reduced service costs, and higher mobile adoption.”
Product Launch: April 2012
HQ: Raanana, Israel
Founded: 1986
Metrics: 2012 annual non-GAAP total revenues are expected to be in a range of $890M-$910M (per official guidance). More than 3,400 employees in 35+ local offices across the globe.
Website: nice.com
Twitter: @NICE_Systems
Presenting Assaf Frenkel (Dir. & Head of Mobile Customer Service) and Caroline Mason (Solutions Team Leader)
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Yseop’s Artificial Intelligence Software Analyzes Data and Writes Financial Reports So You Don’t Have To

This post is a part of our live coverage of FinovateEurope 2013.

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Next up, Yseop demonstrated how its software saves time by analyzing data and writing reports: 

“Yseop Financial represents the latest round of innovation developed on Yseop’s technology. This suite of products covers the full range of possibilities offered by Yseop’s text-generating software, including a prep-to-meeting report, an automatically generated two-page financial executive summary based on the latest market data and a personalized retirement planning application.”

Product Launch: January 2013
HQ: Lyon, France & Dallas, TX, USA
Founded: 2008
Metrics: Privately self-funded. Over 20 years of research to develop the technology. First commercialized in France in 2008. Opened U.S. headquarters in Dallas in 2012. €1.3M of revenue in 2012. 25 employees located worldwide: 10 in Lyon, 6 in Paris and 9 in Dallas. Over 20 large companies are clients in France. Largest implementation is a prep-to-meeting application deployed for 12,500 retail bankers.
Website: yseop.com
Presenting Elizabeth Farabee (VP Marketing) and Vincent Perrin (Business Development Europe)
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FinovateEurope 2013 Launches Tuesday

Over the weekend the Finovate team was able to relax and enjoy London. But tomorrow we’ll be busy putting the final touches on the third annual FinovateEurope, which opens Tuesday, 12 Feb. Attendees will be treated to the best in fintech from around the globe. Registration is open until we sell out.

Live blogging and Tweeting
We’ll be live-blogging each company’s launch and development as it happens. We’ll also be tweeting from @Finovate, our Twitter handle. Hundreds of others in the crowd will be contributing to the discussion by using the #finovate hashtag.

Schedule
Registration begins at 8:00 AM on Tuesday and Wednesday and the first demoing company takes the stage at 9:00 AM on both days.

Location
We’re returning to the historical Old Billingsgate Hall. Overlooking the Thames, Old Billingsgate can be found at 1 Old Billingsgate Walk 16 Lower Thames Street London, EC3R 6DX.

Presenters
Over the two day event, we’ll watch 64 companies step up to the Finovate stage. Be one of the first to see the new fintech demoed live and talk to the founders and senior execs who are pushing the envelope in fintech. 

Here’s the lineup:

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Have any questions? Check out the FAQ or contact [email protected]. See you in London, and thanks for your support.