Blog - Page 712 of 1215

FinovateEurope Sneak Peek: Kontomatik

By David Penn Posted on December 15, 2015
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Kontomatik

A look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

Kontomatik is a banking API solution with Sign In Widget, a multilingual tool that is available for 7 countries and can be deployed in just 3 minutes. It is mobile friendly, too.

Features:

Our widget supports multiple languages
It can be used in multiple countries
Works perfectly on mobile devices

Why it’s great
Kontomatik API is here to bring your services fully online. Kontomatik Sign In Widget is here to bring your services to a global scale and allow a smooth adoption on mobile devices.

Presenters:

Marcin Truszel, CEO
Truszel is CEO and founder of Kontomatik, a data-aggregation solution that is here to make the world of finance more innovative.
LinkedIn

Peter Hiekmann, VP Sales
Hiekmann has been in the financial services industry for more than 25 years and now he is approaching more and more financial and banking leaders to start leveraging data aggregation technology.
LinkedIn

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FinovateEurope Sneak Peek: North Side

By David Penn Posted on December 15, 2015
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, North Side

A look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

North Side enables people to access financial services, make transactions, and get help in context through speech or typing. Through dialogue, we clarify ambiguities and incomplete information.

Features:

Hands-off banking, as you drive or ride your bike
Personalized contextual help in the authenticated environment
Customers discover needed products and services through dialogue

Why it’s great
Banking through speech or typing is easy, natural, intuitive, and will be the next big thing.

Presenters

Eugene Joseph, CEO
Joseph developed intuitive person-computer interfaces for 30 years. He is Natural Language Understanding tech at North Side and data-driven, interactive graphics at Virtual Prototypes (now Presagis)
LinkedIn

Christian Hogan Lemieux, Technology Evangelist
With a strong background in linguistics, Lemieux works on various facets of the North Side NLU pipeline and semantic databases, and occasionally presents them publicly.
(not pictured)

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FinovateEurope Sneak Peek: Capitalise

By David Penn Posted on December 15, 2015
Categories: Capitalise, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

A look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

Capitalise uses the simplicity of words to turn investment ideas into executable and optimized investment strategies.

Features:

Trade and invest using your own words
Built-in investment prediction and optimization
Unlimited ideas and auto-execution when conditions are met

Why it’s great
Capitalise simplifies the investment process by bridging between the simplicity of common words and the complex words of automated trading.

Presenters:

Shahar Rabin, CEO, Co-founder
Rabin is a futures day-trader and formerly a trading product manager at eToro.
LinkedIn

Amir Shiovich, CTO & Co-founder
Shiovich is formerly a R&D Team Leader at SuperDerivatives.
LinkedIn

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FinovateEurope Sneak Peek: Payever

By David Penn Posted on December 15, 2015
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Payever

A look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

The vision of Payever is to make commerce easy. They do this by solving problems faced in buying and selling everyday.

Features:

Point-of-sale self-financing in retail stores
Buying network for personal offers
Apps providing business with all the tools Amazon has

Why it’s great
We are solving the huge problem: to “pay everywhere,” with your preferred payment option.

Presenter:

Artur Schlaht, CEO
Schlaht is truly an internet entrepreneur. He started his first business at 18 and never stopped.
LinkedIn

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FinovateEurope Sneak Peek: Ethoca

By David Penn Posted on December 15, 2015
Categories: Ethoca, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

A look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

Ethoca Alerts eliminates fraud and chargebacks through a merchant-issuer collaboration network that allows participants to share fraud and customer-dispute intelligence in real time.

Features:

Eliminate chargebacks and control chargeback ratios
Stop the fulfillment of fraudulent orders
Drive higher acceptance

Why it’s great
Ethoca Alerts provides an unparalleled source of cardholder-confirmed fraud and customer-dispute information that arrives much faster than the inefficient chargeback process.

Presenters:

Julie Fergerson, SVP, Industry Solutions
With 20-plus years of experience, Fergerson is one of the industry’s foremost experts on internet payments fraud.

Steve Durney, SVP, Issuer Relations
After spending 20 years working with a top-3 issuer, Durney is an expert in fraud prevention, dispute recovery, and cost reduction.

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Tink to Test PFM App with 10,000 ABN AMRO Customers

By Julie Muhn (@julieschicktanz) Posted on December 15, 2015
Categories: Tink

Fresh off the announcement of the FinovateEurope 2016 lineup, we have big news from Swedish alum Tink which has partnered with ABN AMRO, a large Dutch bank widely considered digitally progressive.

As a part of the partnership, ABN AMRO has worked with Tink to launch Grip, a budgeting and expense-management app that aims to help users control their spending.

Starting today, a select 10,000 ABN AMRO customers will pilot the iOS app, offering feedback on how developers can tweak the platform. If the pilot is successful, Grip will be released to the bank’s 4.5 million customers.

Tink’s direct-to-consumer PFM app launched in 2012 and boasts 300,000 iOS and Android users in the Swedish market.

The company was listed in the Fintech 50 earlier this year and won Best of Show for its demo at FinovateEurope 2014. Check out its award-winning presentation.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on December 15, 2015
Categories: Bizfi, Nous.net, On Deck Capital, Simple, Tink, Top Image Systems, TransferWise, Trustly

On Finovate.com

“Tink to Test PFM App with 10,000 ABN AMRO Customers”

“Bizfi Closes on $65 Million in Debt Financing”

“Nous Closes In On £350,000 Fundraising Goal” [Update: Nous Exceeds Original Goal, Raises $750,000].

Our FinovateEurope Sneak Peek starts today! Check out our previews of:
- Ethoca
- Capitalise
- Bankers Lab
- Alpha Payments Cloud
- Kontomatik
- VoicePIN.com
- Payever
- North Side

Around the web

“TIS Closes 550,000 Euro Deal with Leading German Health Insurance Provider”

Trustly partners with payment solution iDEAL in the Netherlands.

TechCrunch looks at OnDeck and the future of alt-lending.

USA Today features how Simple is a different type of bank.

TechCrunch considers how TransferWise is a better way to send remittances.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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A Boku Win for Carrier Billing in Expanded Microsoft Partnership

By Julie Muhn (@julieschicktanz) Posted on December 14, 2015
Categories: Boku

Direct mobile billing startup Boku took home a big win last week. The San Francisco-based company expanded its partnership with Microsoft to enable direct carrier billing in the Windows store.

Sprint’s U.S. customers can now make purchases from the Windows store using their mobile phone number. Previously limited to mobile transactions, customers can now purchase applicable content on all Windows devices. Boku’s previous integration with the Windows store resulted in an 8x increase in purchase rates in emerging markets and a 3x increase in developed markets.

In a press release, Boku CEO Jon Prideaux highlighted the solution’s convenience, security, and ubiquity. He says with this new move that “[Microsoft is] creating a tremendous opportunity for developers and consumers alike.”

If you’re not familiar with direct mobile carrier billing, this graphic explains how it works:

In addition to the Windows Store, Boku can be used to make purchases at:

Google Play
PlayStation Store
Facebook App Center
League of Legends
Spotify

Boku works with 300+ mobile operators in 60+ countries. The company demoed its mobile payment service at FinovateEurope 2011 in London.

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Finovate Alums Take Silver and Bronze at UBS Future of Finance

By David Penn Posted on December 14, 2015
Categories: WealthForge

Finovate newcomer Capital Preferences and alum WealthForge won second and third place respectively at the UBS Future of Finance Challenge Finals last week. Aesthetic Integration, which specializes in the qualitative analysis of financial algorithms, took first place.

The first-prize winner was awarded $50,000. Capital Preferences earned $20,000, and WealthForge won $10,000. Along with the other 60 regional finalists, all three companies will have access to UBS’s expert mentors and partners, and three months of intensive support and acceleration to get innovations market ready. The competition featured more than 600 applicants.

On making the finals last month, WealthForge Chief Strategy Officer and co-founder Mat Dellorso focused on how his company could help firms like UBS add “significant scalability to (its) network of financial advisers and investment banking professionals.” WealthForge earned its spot in the finals with its Invest Now button, demonstrated earlier this year at FinovateSpring 2015.

Founded in 2011 and headquartered in Richmond, Virginia, WealthForge recently added Bill Robbins as chief revenue officer. A financial services veteran with more than 20 years of experience in building brokerage platforms, and a former president of BB&T Securities Services, Robbins will lead WealthForge’s sales, marketing and platform development.

Incorporated in 2014, Capital Preferences uses game theory, econometrics, and experimental economics to provide a unique client-risk profiling system for financial institutions. Calling client profiling “a major area of weakness for most advice firms,” Capital Preferences co-founder and CEO Bernard Del Rey credited UBS for recognizing his company’s technology and giving it a spot in the finals. He says the demand “for our technology and patent-pending methods” is from all sides of the industry and includes “bespoke private banks, regulators, and large-scale consumer-credit players in the U.S. and Australia.”

Capital Preferences makes its Finovate debut at FinovateEurope 2016 in London. To find out more about our upcoming February fintech conference, visit our FinovateEurope 2016 page.

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Finovate Debuts: CellTrust Separates Work & Personal Communications, Even on Same Device

By Julie Muhn (@julieschicktanz) Posted on December 14, 2015
Categories: CellTrust, Finovate Debuts

In an era when BYOD is not just a fad, but a need, CellTrust SecureLine helps businesses manage their enterprise’s mobility while keeping operations secure and compliant.

Company facts:

Founded: 2006
HQ: Scottsdale, Arizona
Offices in Canada, London, Australia, and Singapore
Funding: $10.1 million

CellTrust SecureLine creates a work phone and a personal phone on the employee’s existing device by issuing a unique mobile business number for professional communications.

In 2014, CellTrust partnered with Good Technology to leverage the Good Dynamics SDK and create CellTrust SecureLine for Good, a containerized version of the solution that offers a full ecosystem of encrypted business apps.

How it works

Companies without mobility-management containers can use CellTrust SecureLine, although it will track only phone and text-message communications. The example below shows the containerized version, integrated with apps in the Good container such as email, Salesforce, and EyeVerify.

As you can see, the employee has placed all of their business apps on the right side. All work-specific apps are designated by a lock icon.

When placing a business call, the employee selects the Good for Work app to access contacts.

CellTrust is fully integrated with the device and pulls in the user’s existing contacts (see below left). No additional steps are needed; the employee proceeds with the call as they naturally would.

The recipient receives the call normally, with no special app or additional steps; however, after answering, CellTrust plays a recorded disclosure customized by the bank.

The technology works similarly when sending and receiving text messages:

Compliance

Because all work communication takes place under a business number, CellTrust enables corporations to dig into business conversations while offering privacy for personal ones.

CellTrust archives work communications in real time on its server. To respond quickly to compliance requests, the company partners with Actiance and GWAVA to offer:

Reporting
Audit trails
Traceability
Archiving

At the end of every business day employees receive a recap of all work conversations.

What’s next?
CellTrust is working on tools to keep employees and clients compliant by prohibiting the sending of personally identifiable information (PII) across insecure channels. The company is also working on integrating with CRM apps.

Brian Panicko, SVP, global sales strategy, and Dragan Marceta, director, sales engineering, presented CellTrust SecureLine at FinovateFall 2015 in New York:

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Trulioo Raises $15 Million with Help from American Express Ventures

By David Penn Posted on December 14, 2015
Categories: Funding, Fundings, Trulioo

Identity-verification specialist Trulioo picked up $15 million in new funding to help fuel growth. The round featured participation from American Express Ventures, along with existing investors BDC Capital, Blumberg Capital, and Tenfore Holdings. Trulioo’s total capital now stands at more than $23 million.

Trulioo CEO Stephen Ufford called the investment a vote of confidence in the company’s ability to help FIs deal with the complexity of cross-border compliance. Specializing in AML (anti-money laundering) and KYC (know your customer) verification, Trulioo’s technology enables businesses to provide frictionless ID verification in more than 40 countries around the world.

Anatoly Kvitnitsky, director of corporate development for Trulioo, demonstrated GlobalGateway at FinovateFall 2015.

Rohit Bodas of American Express Ventures highlighted Trulioo’s global reach as one of the reasons for backing the company, and called cross-border compliance “a complex problem and an important issue for the financial industry.” GlobalGateway, Trulioo’s identity-verification platform, leverages 145 different data sources, including alternative sources such as mobile apps, social media, and ad networks to verify online identities. The technology is effective in developing markets such as China, Brazil and India, and developers can integrate the technology via Trulioo’s web portal, XML Direct, or through a Normalized API.

Trulioo recently partnered with fellow Finovate alum Avoka and integrated GlobalGateway with the latter’s Transact technology. Trulioo expanded its coverage to India in October, taking its total reach to four billion worldwide.

American Express Ventures focuses on startups with technologies that can help it expand its core capabilities as well as grow in digital commerce and financial inclusion. The firm includes Finovate alums Bill.com, LearnVest, and Radius among its investments.

Founded in 2011 and headquartered in Vancouver, British Columbia, Canada, Trulioo demonstrated its GlobalGateway platform at FinovateFall 2015. The company also presented at the inaugural FinDEVr developers conference in 2014.

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Fintech Fundings: 30 Companies Raise $100 Million Week Ending 11 Dec 2015

By Jim Bruene Posted on December 14, 2015
Categories: Funding

Money_click Buoyed by 7 Startupbootcamp Insurance entrants—each grabbing $17,000—a record 30 fintech companies raised money this week for a total of just under $100 million ($95.8 million). Only two companies topped 7 figures: real estate specialist EasyProperty ($37.6 million) and Lemonade, a P2P insurance play ($13 million).

Four Finovate alums were among the bunch:

CBANC Network took in $4 million for its community bank information network
Trizic grabbed $2 million for its wealth-management platform
Rippleshot was given another $1.2 million to further card-fraud methods
BankersLab received an undisclosed investment towards its commercial lending training and compliance tools

With just two weeks remaining in the year, the total invested in private fintech companies YTD is $18.1 billion.

Here are the deals by size from 5 Dec to 11 Dec 2015:

EasyProperty
Residential and commercial property search
Latest round: $37.6 million Series C
Total raised: $47.9 million
HQ: London, England, United Kingdom
Tags: Consumer, SMB, home buying, rental, mortgage
Source: Crunchbase

Lemonade
Peer to peer insurance
Latest round: $13 million Seed
Total raised: $13 million
HQ: New York City, New York
Tags: Consumer, P2P, insurance
Source: Crunchbase

Clip (PayClip)
Mobile payments and point-of-sale platform
Latest round: $8 million Series A
Total raised: $16.4 million
HQ: Mexico City, Mexico
Tags: Consumer, SMB, merchants, mPOS, credit/debit card acquiring, payments
Source: Crunchbase

GroundFloor
Real estate lending marketplace
Latest round: $5 million Series A
Total raised: $6 million
HQ: Atlanta, Georgia
Tags: Consumer, P2P lending, credit, underwriting, mortgage, investing, commercial real estate
Source: Crunchbase

KeyPair Inc
NFC hardware for mobile payments
Latest round: $5 million Series B
Total raised: Unknown
HQ: Seongnam, Korea
Tags: Consumer, mobile, security, authentication, identification
Source: Crunchbase

CBANC Network
Community financial institution research network
Latest round: $4 million Series B
Total raised: $5.7 million
HQ: Austin, Texas
Tags: Enterprise, B2B, networking, compliance, policies, Finovate alum
Source: Finovate

Aye Finance
Alt-lender to micro and small businesses
Latest round: $3 million
Total raised: $4 million
HQ: New Delhi, India
Tags: SMB, loans, commercial lending, credit, underwriting
Source: Crunchbase

Income&
Mortgage-based investment vehicle
Latest round: $2.9 million Seed
Total raised: $2.9 million
HQ: San Francisco, California
Tags: Consumer, investing, mortgage, REIT
Source: Crunchbase

Paynear
Mobile point-of-sale solution
Latest round: $2.5 million Seed
Total raised: $2.5 million
HQ: Hyperabad, India
Tags: SMB, merchants, acquiring, payments, mPOS, point of sale, hardware
Source: Crunchbase

Curve
Stealth mobile payments company
Latest round: $2 million Seed
Total raised: $2 million
HQ: London, England, United Kingdom
Tags: Consumer, mobile, payments, debit/credit cards
Source: Crunchbase

Melody Health Insurance
Health insurance startup
Latest round: $2.0 million ($2 million + $1.8 million option)
Total raised: $2.0 million
HQ: Denver, Colorado
Tags: Consumer, SMB, insurance, health care
Source: Crunchbase

TabbedOut
Mobile POS system for restaurants and bars
Latest round: $2 million Series C add-on
Total raised: $41 million
HQ: Austin, Texas
Tags: SMB, merchants, acquiring, payments, mPOS, point of sale
Source: Crunchbase

Trizic
Wealth-management platform for financial advisers
Latest round: $2 million
Total raised: $5 million
HQ: San Francisco, California
Tags: Advisers, investing, wealth management, Finovate Alum
Source: Finovate

Cookies Labs
P2P payments
Latest round: $1.6 million
Total raised: $1.6 million
HQ: Berlin, Germany
Tags: Consumer, person to person, payments, transfers
Source: FT Partners

Backed
Alt-lender specializing in credit with co-borrowers
Latest round: $1.5 million Seed
Total raised: $1.5 million
HQ: New York City, New York
Tags: Consumer, lending, personal loans, co-borrower, joint application, underwriting
Source: Crunchbase

TRData
Market data communications platform
Latest round: $1.3 million
Total raised: $1.3 million
HQ: London, England, United Kingdom
Tags: Investing, advisers, enterprise, trading, information
Source: FT Partners

Rippleshot
Credit and debit card security
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: California
Tags: Consumer, security, big data, Finovate alum
Source: Finovate

Purse.io
Bitcoin payments
Latest round: $1 million Seed
Total raised: $1.3 million
HQ: San Francisco, California
Tags: Consumer, cryptocurrency, payments, remittances, P2P payments
Source: FT Partners

MoneyRemaid
Financial platform for underbanked
Latest round: $100,000 Prize
Total raised: Unknown
HQ: Malaysia
Tags: Remittances, PFM, financial literacy, MasterCard (sponsor)
Source: MasterCard

Rightindem
Insurance claim processing technology
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: Insurance, enterprise, Startupbootcamp (accelerator)
Source: FT Partners

BimAfya
Mobile micro-insurance platform
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: Dar es Salaam, Tanzania
Tags: Insurance, underbanked, mobile, Startupbootcamp (accelerator)
Source: FT Partners

Covi Analytics
Analytics tool for insurance companies
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: California
Tags: Insurance, analytics, big data, underwriting, Startupbootcamp (accelerator)
Source: FT Partners

FitSense
Wearables analytics platform for insurance companies
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: Singapore
Tags: Insurance, enterprise, mobile, Startupbootcamp (accelerator)
Source: FT Partners

massUp
White-label platform for niche insurance sales
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: Germany
Tags: Insurance, mobile, underwriting, Startupbootcamp (accelerator)
Source: FT Partners

Quantifyle
Personal health monitoring for insurance rebates
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: Insurance, Startupbootcamp (accelerator)
Source: FT Partners

Safer
Personal risk analyzer for insurance selection
Latest round: $17,000 Accelerator
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: Consumer, insurance, lead gen, Startupbootcamp (accelerator)
Source: FT Partners

BankersLab
Lending training and compliance platform
Latest round: Undisclosed
Total raised: Unknown
HQ: San Francisco, California
Tags: Enterprise, training, commercial lending, benchmarking, gamification, Finovate alum
Source: Finovate

Bitx
Bitcoin exchange
Latest round: Unknown
Total raised: $8.8 million
HQ: Singapore
Tags: Consumer, payments, cryptocurrency, blockchain
Source: Crunchbase

eCurrency Mint (eCM)
Digital currency platform for central banks
Latest round: Undisclosed Series C
Total raised: Unknown
HQ: Dublin, Ireland
Tags: Central bank, cryptocurrency, bitcoin
Source: Crunchbase

Lenny
Credit-building microloans for college students
Latest round: Undisclosed
Total raised: Unknown
HQ: Santa Monica, California
Tags: Consumer, lending, student loan, youth market, credit, Dwolla (partner)
Source: Crunchbase, Finovate

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