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Fiserv’s Mobiliti Increases Users’ Control of Mobile Banking through Unique Features

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Fiserv

This post is part of our live coverage of FinovateEurope 2015.

Fiserv showed how Mobiliti gives the customer more control and transparency.

Fiserv is demonstrating what the next generation digital banking interactions will look like, with a heavy focus on the payments-user experience, coupled with value-added services related to the payment. Built on Fiserv’s world-leading Mobiliti platform, the demonstration will include:

• Augmented Reality

• Merchant Offers

• Integrated Payments

• Card Management

• Proactive Banking

The demonstration is geared towards the consumer and allowing them greater control and transparency over their spending and banking habits.

Presenters: Jonathan Atkinson, market development, digital channels and payments; Martyn Lock, sales executive, digital channels

Product launch: September 2014

Metrics: $4.81 billion in revenue, 2013; publicly traded; 21,000 associates worldwide; 14,500 financial institutions and business clients worldwide

Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Brookfield, Wisconsin, U.S.A.

Founded: July 1984

Website: fiserv.com

Twitter: @fiserv

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Revolut Presents its Personal Money Cloud Removes All Hidden Banking Costs

By David Penn Posted on February 11, 2015
Categories: FinovateEurope 2015, Revolut

This post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Revolut, with its personal money cloud.

Revolut allows you to exchange currencies at interbank rates, send them through social networks, and spend with a multi-currency card accepted anywhere. All is done with the touch of a button, through a beautiful mobile application. There are features that will blow your mind. Just one example: the ability to pay with bitcoins in any shop through the Revolut multi-currency card. And there are several others.

Presenters: Nikolay Storonsky, CEO & founder, and Vlad Yatsenko, CTO

Product launch: January 2014

Product distribution strategy: Direct to Consumer (B2C), through financial institutions, thorugh other fintech companies and platforms

HQ: London, United Kingdom

Metrics: We have ~6,000 users pre-subscribed for our beta launch, and have arranged nine deals with big-name companies (including MasterCard) for product implementation

Website: revolut.com

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mBank & i3D Present Their Interactive Digital Bank Branch

By David Penn Posted on February 11, 2015
Categories: FinovateEurope 2015, mBank & i3D

This post is part of our live coverage of FinovateEurope 2015.

Pure-play Internet bank mBank and virtual reality innovator i3D have teamed up to demo their New Interactive Retail Branch Concept.

mBank and i3D have developed a digital branch with an interactive “art exhibition” experience using the best technology available—gigantic multi-touch screen, motion-sensing, and face recognition.

Presenters: Jacek Iljin, mBank’s managing director, sales and processes; Marcin Wisniewski, i3D’s director, sales and marketing

Product launch: November 2014

Product distribution strategy: Direct to Consumer (B2C)

HQ: Lodz, Poland, 9mBank; Gliwice, Poland, i3D

Metrics: mBank is the fourth largest Polish banking group with more than 4.6 million customers in PL, CZ, and SK; $400 million net income in 2013, and 6,000 FTE.

i3D is a world-class provider of advanced solutions for full reproduction of real world in virtual reality, including content development, VR software, equipment, and 3D image projection systems.

Website: mbank.pl & i3d.pl

Twitter: @mbankpl

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CPB SOFTWARE’s PROFOS Tool Helps Financial Advisors Meet Client Needs

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: CPB Software AG, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

CPB SOFTWARE showcased its PROFOS tool for financial advisors.

PROFOS is the app for bankers! Mobile services are up-to-date, comprehensive, intuitive and discreet. PROFOS is more than a common app. It combines your customer’s data with consultancy features supporting advisors skills – highly demanded by your clients!

PROFOS helps your advisors easily show and present deep banking knowledge combined with a better understanding of your clients’ needs. Your conversations with clients will change and at any place requested, your clients will be more attentive and understand more easily. Hence, for you: MORE profit with LESS effort.

Presenters: Peter Thomayer, CEO; Barbara Aigner, consultant; Markus Nekham, consultant

Product launch: September 2014

Metrics: €3.5 million in equity, €17M in revenue for 2014, 130+ employees, 700+ customers in 7 countries

Product distribution strategy: Direct to Business (B2B), licensed

HQ: Vienna, Austria

Founded: 1996

Website: cpb-software.com

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Mobino Introduces Mobino Cash, a Swiss Standard for Mobile Money

By David Penn Posted on February 11, 2015
Categories: FinovateEurope 2015, Mobino

This post is part of our live coverage of FinovateEurope 2015.

Global payment service Mobino is up next with its mobile money solution, Mobino Cash.

The Mobino Cash platform delivers superior convenience for customers with a seamless integration of many payment scenarios:

Peer-to-peer money transfer

Payment for goods and services in shops

POS and cash register integration

Quicker and safer e-commerce payments

Fluid payment flow for mobile commerce

Cheap and efficient international remittances

Registration and KYC process for unbanked

Cash-in/out operations at agents and ATMs

New one-touch payment from your smart watch

We are looking for distribution partners, merchants, and investors, to expand our reach in Europe and worldwide.

White labeling and cobranding are available.

Presenters: CEO Jean-Francois Groff, and CTO Alvaro Fussen

Product launch: February 2015

Product distribution strategy: Direct to Consumer (B2C); Direct to Business (B2B) through financial institutions, through other fintech companies and platforms; licensed

HQ: Geneva, Switzerland

Metrics: Emerging market leader in Switzerland, expanding in Europe and Africa in 2015

Website: mobino.com

Twitter: @mobino

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FOBISS Presents its Cash Management Solution, FOBISS CM

By David Penn Posted on February 11, 2015
Categories: FinovateEurope 2015, FOBISS

This post is part of our live coverage of FinovateEurope 2015.

FOBISS is next with its intelligent business operations technology that leverages the power of artificial intelligence.

FOBISS CM performs the complex cash-demand forecasting and optimization tasks using its integrated artificial intelligence algorithms, capable of real-time processing of large amounts of information, evaluation of historical data, relations between them, trends, and projections. It chooses the optimum decisions out of millions of possible combinations—something standard analytical tools cannot do.

The biggest value of the technology lies in its rich, advanced analytic tools, such as “what if” scenario modeling based on real-time profitability counting capabilities, which allow decision makers not only to make the best operational and tactical decisions in real time, but also to flexibly and timely adjust to the winning strategies.

Presenters: Managing Director Mindaugas Leonavicius, and Global Sales Director Andrius Ojeras

Product launch: 2011

Product distribution strategy: Direct to Business (B2B) through financial institutions, through other fintech companies and platforms; licensed

HQ: Eindhoven, Netherlands

Metrics: 30 employees

Website: fobiss.com

Twitter: @FOBISS_BV

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nextmarkets Previews its Web and iOS Apps to Help Investors Save Smarter

By David Penn Posted on February 11, 2015
Categories: FinovateEurope 2015, nextmarkets

This post is part of our live coverage of FinovateEurope 2015.

nextmarkets is our next presenting company, with a web and mobile app to help investors earn more and learn more about the markets.

The way people trade on financial markets will change radically through the internet. so nextmarkets developed a smart and innovative web and mobile application that allows users to invest more effectively, save smarter, and learn how capital markets work.

The idea is simple but powerful. We wanted to develop web and mobile software that help users survive everyday ups and downs of financial markets and accomplish their objectives.

Presenters: Manuel Heyden, CEO, and Dominic Heyden, CTO

Product launch: April 2015

Product distribution strategy: Direct to Consumer (B2C)

HQ: Cologne, Germany

Website: nextmarkets.com

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Taulia Debuts Enhanced Discounting

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Taulia

This post is part of our live coverage of FinovateEurope 2015.

Taulia showed how its Taulia Enhanced Discounting (TED) enables organizations to offer financing for suppliers.

Taulia Enhanced Discounting (TED) aims to revolutionize the funding of supply chain finance. TED combines the benefits of traditional dynamic discounting – when corporations offer an early payment to a supplier in exchange for a small discount – with a flexible supplier financing programme, which allows organizations to choose to use their own cash or the capital of a third-party financial institution, to capture early payment discounts.

With TED, organizations can offer their suppliers uninterrupted, affordable financing regardless of their own cash positions, operating obligations, or financial forecasts. Taulia is so confident of the value that TED delivers, that it guarantees its customers savings of £1M a year.

Presenters: Matthew Stammers, director, European marketing; Christophe Juvanon, director, European solutions consulting

Product launch: February 2014

Metrics: $70M in equity raised, more than 200 employees across the globe including offices in San Francisco, London, Düsseldorf, and Sofia; 300,000+ supplier connections on the Taulia network

Product distribution strategy: Direct to Business (B2B) through other fintech companies

HQ: San Francisco, CA, USA
Founded: June 2009

Website: taulia.com
Twitter: @taulia

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Quisk’s Digital Payment Platform Now Offers Loyalty and Rewards Programs

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Quisk

This post is part of our live coverage of FinovateEurope 2015.

Quisk showed off multiple types of digital cash transactions.

Quisk is the next step in the evolution of money.

We are the creator of a new cash-based digital payment type. We enable banks to create a new type of all-digital account, which is accessed by a consumer’s mobile phone number and secure PIN. The Quisk cloud-based digital services platform is technology agnostic, multi-issuer/acquirer, and works with existing core banking and retail POS infrastructure.

Quisk is demonstrating a variety of digital cash transactions: in-store purchases using POS systems, Person-to-Merchant (P2M), Bill Pay, online purchase (eCommerce), and Person-to-Person (P2P) send money. In addition, the Quisk platform enables merchants to offer digital loyalty programs and marketing offers while reducing interchange fees.

Presenters: Steve Novak, CEO & chairman, and Dan Glessner, CMO

Product launch: January 2015

Metrics: $20+ million series A round raised, 30 employees, projects currently in four countries
Product distribution strategy: Direct to Business (B2B) through financial institutions

HQ: Sunnyvale, California, U.S.A.
Founded: 2009

Website: quisk.co

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Misys’ FusionBanking Takes a New Approach to Digital Banking

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Misys

This post is part of our live coverage of FinovateEurope 2015.

Misys demonstrated how it brings banking into consumers’ everyday lives.

Misys FusionBanking Essence Digital brings a new approach to digital banking, making banking and personal financial management truly frustration-free for consumers.

Misys pioneers the latest innovations in technology and mobile devices. At FinovateEurope, Misys is demonstrating the latest concepts in mobile and online banking: biometric authentication, customizable design, new widgets for ‘net wealth’ and ‘wishes and goals,’ with automatic object recognition and push notifications that bring banking into consumers’ everyday lives.

Presenters: Alex Kwiatkowski, senior marketing strategist, banking and digital channels; József Nyíri, director of innovation, digital channels

Metrics: Misys has more than 2,000 customers in 130 countries, supported by 4,500 employees.

Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: London, United Kingdom
Founded: 1979Website: misys.com
Twitter: @MisysFS

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Nostrum Group Enables Users to Service Accounts When and Where They Want

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Nostrum Group

This post is part of our live coverage of FinovateEurope 2015.

Nostrum Group demonstrated how its digital lending platform enables customers to service their accounts when and where they want.

The provision of lending is an inefficient process for both lender and customer. Our research shows that consumers want the ability to service their own accounts where and when they want.

Nostrum is launching the next iteration of its core lending system to satisfy this requirement and lead the market, fitting with our core strategy of making lending cheaper, faster, and safer, reducing operational costs for lenders whilst also providing the required level of support 24/7 when traditional call centres would not be available, allowing consumers to get information immediately whenever they want and, critically, through a secure channel.

Presenters: Richard Carter, chief executive, and Tom Martin, head of project management office

Product launch: February 2015

Metrics: Self funded; 95 employees; £9+ million in revenues; 30+ customers

Product distribution strategy: Direct to Business (B2B)

HQ: Harrogate, Yorkshire, United Kingdom
Founded: August 2001

Website: nostrumgroup.com

Twitter: @nostrumgroup

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C24’s Platform Helps Users Manage Their Finances

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: C24, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

C24 showed how it simplifies personal finances by hiding the complexity of multiple accounts.

C24 is a multichannel platform that allows end users to connect their accounts with different banks, so that their household financial standing is visible and manageable.

Users can pay bills, set bill payment rules, and use linked “proxy” Visa cards to pay for goods online and offline. API of C24 lets partnering banks securely provide their users with info of accounts within these banks; otherwise, customers can use Visa/MC rails or other standard means of linking their sources of funds.

C24 is a user-experience-driven app, where the complexity of numerous accounts is nowhere to be seen. The impetus for C24 to exist is to automate day-to-day finance routines and advise on the best courses of action.

Presenter : Daniel Gusev, co-founder, head of user experience and implementation

Product launch: June 2014

Metrics: A team of 40—with USD $10+ million investment in the company—amassed 450,000+ registered users six months after launching C24 in summer of 2014. In 2015, C24 seeks adoption in the millions of users in international geographies.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

HQ: Moscow, Russia
Founded: December 2013Website: c24app.com
Twitter: @c24app

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