Author: Julie Muhn (@julieschicktanz)

Kabbage’s ScoreKard Gives Online Merchants a Dashboard of Health

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Kabbage

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Afterwards, Kabbage showed how its ScoreKard can inform online merchants about their store’s health:

“Kabbage is introducing the Kabbage ScoreKard, which enables online merchants to:

a) view a comprehensive dashboard of their online store health

b) generate a score corresponding to both the breadth and depth of their merchant health

c) obtain this information in a portable format to share with a third party with whom they may conduct business.”

Product Launched: February 2012

HQ Location: Atlanta, GA
Company Founded: February 2009
Metrics: Raised $26 million in equity, 35 employees, more than 10,000 accounts, millions of dollars advanced each month
Website: kabbage.com

Presenting Robert Frohwein (CEO) & Kathryn Petralia (COO)
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Sandstone Launches Mobile Banking App

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Sandstone

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Next, Sandstone showed how even small financial institutions can have a presence in the app store:

“Sandstone will be showcasing its next generation mobile banking app that contains sophisticated money management/ OFM tools, the latest anti-fraud and security measures, and advanced user experience capabilities. 

Using the latest html5 technology, the app can be developed once and then delivered seamlessly across many of the popular smart phone app stores to run on nearly all smart phone devices. The registration process for the app locks the user to the device while page-fingerprinting technology ensures that fraudulent users will not be able to connect to the secure server.”

Product Launched: February 2012

HQ Location: Sydney, Australia

Company Founded: June 1996

Metrics: Privately owned, offices in Australia, Asia and Europe The company grew from 40 employees in 2007 to over 200 employees in 2011. 

Presenting Dom Monty (General Manager, Direct Banking Solutions) & Timmy Alassad (Product Manager, Direct Banking Solutions)
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Striata Launches Paperless Adoption Technology

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Striata

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Starting off the final session, Striata launched eConsent:

“Striata will demonstrate its paperless adoption technology, which moves the control of paperless conversion into the hands of the biller – no longer relying on the customer to proactively enroll and switch off paper. This results in optimal adoption and faster ROI.

Banks and financial institutions invest heavily in online initiatives aimed at reducing paper, but struggle to get customers to adopt their technology. To achieve ROI on paperless solutions, innovation at the adoption point is crucial. Our innovative adoption techniques not only completely eliminate the registration barrier but also enable customers to switch off paper in just one click.”

Product Launched: February 2012

HQ Location: New York, NY
Company Founded: February 1999
Metrics: Privately owned/investment trust, 13 years of revenue growth and profitable for the past 11 years, 100+ employees
Website: striata.com

Presenting Michael Wright (CEO) & Tamara Hanley (Global Marketing Manager) 
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Meniga Upgrades PFM to Align with How People Think About their Money

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Meniga

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Wrapping up the third session, Meniga demonstrated its enhanced PFM:

“Meniga is expanding its PFM Solution so that it completely merges with the traditional online/mobile bank, adding highly user-centric interfaces for several key online banking functions, such as bill-pay, alerts, and account presentation.

The interface de-emphasizes real accounts and actual balances and instead shows ‘uncommitted balance’ and virtual accounts that are better aligned with how people think about their money. It allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account’s balance becomes too low to meet commitments and forecasted expenses.”

Product Launched: December 2009

HQ Location: Reykjavik, IcelandCompany
Founded: March 2009
Metrics: $1.3 million raised, 18 employees, 5 implementations with retail banks in Sweden, Norway, and Iceland
Website: meniga.com

Presenting Georg Ludviksson (CEO & Co-Founder) & Einar Gustafsson (VP of Product Management)
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Luup’s Wallet System Facilitates the Internal Authorization Process

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Luup

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Then, Luup demonstrated how it can ease the pains of internal travel authorization and budget management:

“Luup is redefining payments with its universal mobile payment platform and solutions. At FinovateEurope, Luup is launching a service that revolutionises corporate & government travel authorisation and budget management.

Enabled by Luup’s successful Remote Authorisation & Mobile Wallet products, the new service optimises processes, creating huge efficiency and productivity gains. Gone are the days when employees have to chase managers for budget and trip approvals while costs rise exponentially by the hour. With Luup’s latest service, travel budgets are managed in Luup’s wallet system that enables travel requests, authorisations and payments within minutes from anywhere, on any mobile device.”

Product Launched: March 2012

HQ Location: London, UK
Company Founded: 2002
Metrics: 50+ employees, 3 core locations, 3 award recognitions in 2011
Website: luup.com

Presenting Martin Wilson (CEO) & Georg Fasching (VP of Products) 
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Wipro Brings Customer Acquisition to the Tablet

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, wipro

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Today, Wipro showed off its banking sales and service app for tablets:

“One of the primary tools the Direct Sales Agents need is a tablet variant of unified desktop. The banking sales and service tablet application which Wipro is developing is essentially a step in this direction. As a first step, Wipro has developed a customer acquisition framework on a tablet-based device. This solution leverages mobile, analytics, and intelligent processes for on-the-go personalized offers and application capture. The solution is also relevant in next generation bank branches wherein a differentiated environment is created for HNI customers. In fact, boutique bank branches have been received well with the digital generations.”

Product Launched: February 2012

HQ Location: Bangalore, Karnataka, India
Company Founded: 1945
Website: wipro.com/industries/banking

Presenting Shankar Sundarrajan (Head, Enterprise Banking)
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Handpoint Launches Secure Payment Solution for Tablets and Smartphones

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Handpoint

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Afterwards, Handpoint launched its Headstart Technology:

“Handpoint Headstart is the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. With our Platform-as-a-Service solution, acquiring banks and MNOs can offer small/micro merchants card payments on smartphones and tablets under their own brand name. The Handpoint Headstart solution supports magstripe (MSR), Chip & PIN, Chip & signature, and contactless NFC payments (2012).

Handpoint Headstart payment solution is not only a mobile solution, it is also a Full-Commerce solution meaning that it works on many different devices, for example smartphones, tablets, mobile terminals, and PCs (tills) in an online and an offline world.”

Product Launched: February 2012

HQ Location: Cambourne, Cambridge, UK
Company Founded: 1999
Metrics: $2 million raised, 35 employees
Website: handpoint.com
Presenting David Gudjonsson (CEO) & Thordur Thorarinsson (CFO)
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Finsphere’s Solutions Keep Online Banking Secure

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Finsphere

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Then, Finsphere demonstrated its security services:

“A suite of solutions that includes fraud management services for financial institutions and online merchants, access management services for enterprise and cloud computing environments, and PinPoint, a consumer-focused fraud protection service for financial services providers. Finsphere’s Identity Security Services platform provides the basis for expanding the solution sets to monetize wireless data across industry segments worldwide.”

Product Launched: Commercially available

HQ Location: Bellevue, WA
Company Founded: 2007
Website: finsphere.com

Presenting Robert Boxberger (President) & Jeff Brennan (Chief Privacy Officer)
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Tradeshift’s Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Tradeshift

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Next, Tradeshift showed off its Instant Payments technology that will be released in April of this year:

“Instant Payments will allow businesses – and particularly SMEs – to receive instant payment for invoices approved through the platform. Companies will benefit from interest rates significantly lower than alternative funding options and will no longer see cash flow impacted by long payment terms or late payers. This new service integrates seamlessly with Tradeshift’s existing e-invoicing solution which is free to suppliers, providing the financial flexibility small businesses need to succeed.”

Product Launched: April 2012

HQ Location: San Francisco, CA
Company Founded: May 2010
Metrics: 60 employees, 60,000 signups across 190 countries, $30 million USD (YTD) in funding
Website: tradeshift.com

Presenting Christian Lanng (CEO) & Jeppe Rindom (CFO)
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Serverside’s Technology Creates Viral Marketing Through Facebook

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2012, Serverside Group

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Second up this afternoon, Serverside showed how its technology leverages Facebook to engage customers of financial institutions:

“A Card Customization Facebook app. The app uses card customization as a new and unique way to leverage Facebook in an exciting and engaging way that can drive real brand value, loyalty, and engagement from a bank’s customers. Customers can design a card using an image from one of their Facebook photo galleries. Once the design is approved, it is posted to the user’s wall where all their friends can view it and click on the link to design their own card and thus creating a viral marketing effect!”


Product Launched: January 2012

HQ Location: London, UK
Company Founded: February 2003
Metrics:

  • Partly owned and controlled by Gemalto NV
  • Approximately 50 employees
  • 2010 Revenue: £4.61 million
  • 2009 Revenue: £4.35 million
  • Has worked with 200 financial issuers in 27 countries, issued over 2,000 customized card programs.
  • Over 45 million cards have been designed using Serverside software
Website: ssgl.com

Presenting Connor Kinnear (Global Head of Marketing) 
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eToro Introduces Guru Finder, Launches iPad App

By Julie Muhn (@julieschicktanz) Posted on
Categories: eToro, FinovateEurope 2012

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To start the afternoon session, eToro showed us Guru Finder that allows investors to quickly create and implement trading strategies:

“eToro’s newest innovation on its social trading platform OpenBook is the Guru Finder, which allows users to create personalized and detailed trading strategies that they can easily implement in minutes. It supports copy trading with a very detailed analysis/filter tool to enable users to create their own customized, people-based portfolio. Investors can filter and dissect the largest trading community by different dimensions such as Activity, Risk, Performance and Instruments traded and pick a personalized trader line-up for their people-based portfolio. The visual implementation resembles e-commerce filtering mechanisms, ensuring seamless and intuitive dissection of large data sets to achieve fast and meaningful results.”

Product Launched: February 7, 2012

HQ Location: Limassol, Cyprus
Company Founded: January 2007
Metrics: 190 employees, offices in the U.S., Europe, and Australia, $16.6 million raised, over 1.75 million registered users
Website: etoro.com

Presenting Yoni Assia (CEO) & Alon Levitan (Head of Strategic Marketing)
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Dynamics Shows Off Smart Credit Card

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dynamics, FinovateEurope 2012

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In the last presentation before lunch, Dynamics demonstrated its secure, battery powered credit card:

“Chip & Choice is intended for the EU and other markets that utilize EMV (~85% penetration in EU). The battery-powered card has multiple “chips” including a central processing chip and a secondary “EMV” chip. The applications are loaded in a central “chip.” Based on what button a user pressed on the card, the appropriate application is provided to the secondary “chip.” Thus, the POS reader believes the card is a single-application card when, in fact, the card is a multiple application card.”

Product Launched: Currently in trials

HQ Location: Pittsburgh, PA
Company Founded: 2007
Metrics: Over $40 million in funding raised, approximately 35 employees 
Website: poweredcards.com

Presenting Jeff Mullen (CEO)
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