Strands Launches Loop to Combine PFM and Card-Linked Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Strands

StrandsLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Strands demonstrated how Loop builds a personal banking experience for retail and commercial banking customers:

Strands Loop is a combination of three solutions: Business Financial Management (BFM), Card-Linked Offers (CLO) and Personal Financial Management (PFM). Strands BFM is a white-label product that helps SMEs make better financial decisions. With this intuitive tool, business owners can analyze and forecast future financial needs.

Thanks to the tight integration with Strands CLO and Strands PFM, SMEs are also empowered to influence their future cash flow. With predefined marketing strategies and PFM data insights, SMEs can easily set up campaigns and target highly relevant deals to the card holders. With Strands Loop, financial institutions can create a more seamless and personal banking experience and build better relationships with their SME clients.

Presenters: Dario Lombardi, Strands’ general manager; Cesar Richardson, director of business development

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Product launch: February 2015
Metrics: $55 million institutional investment, 70 employees, offices in Barcelona, Miami, Madrid and Buenos Aires, two business units: Finance and Retail, serving more than 150 corporate customers around the world
Product distribution strategy: Direct to Business (B2B) through financial institutions, through other fintech companies and platforms
HQ: Barcelona, Spain
Founded: 2004
Twitter: @StrandsFinance

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TiViTz College $avings Game-a-thon Helps Kids Save for College

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, SAS Games

SASGamesLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

TiViTz showed how its College $avings Game-a-thon helps kids of all ages save for college:

The TiViTz College $avings Game-a-thon is a market-disruptive tool that complements existing financial savings vehicles and provides a solution for families to offset potential student-loan debt and to help cover the cost of higher education.

The Game-a-thon—where students solicit pledges online from friends and family for playing TiViTz games—is similar to a Walk-a-thon, only fully automated from pledge solicitation to fund deposit into a savings vehicle. The Game-a-thon can fundamentally change the way families think about affording college and significantly empower children to take responsibility for, and contribute to, their own advanced education, all while improving their math skills and financial literacy.

Presenters: CEO Siobhan Mullen; Director, Technology, Patrick Moore
 
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Product launch: September 2015
Metrics: TiViTz has raised more than $5 million from angel investors. The company has 10 employees to manage tournaments, events, operations, marketing, and promotions, as well as product development with game developers in Europe (Unit9) and with fundraising tool software developers in California (SETA International).
Product distribution strategy: Direct to Consumer (B2C) through financial institutions, through other fintech companies and platforms, licensed
HQ: Cocoa, Florida, U.S.A.
Founded: February 2004
Twitter: @tivitz

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Xsolla Presents its Customizable, White-Label Billing Platform for FIs

By David Penn Posted on
Categories: FinovateEurope 2015, Xsolla

Xsolla_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Xsolla , the company behind one of the most advanced billing platforms for online gaming, has brought its technology to the world of e-commerce payments.
Game developers are a technologically advanced and very demanding customer. High expectations of gaming companies encouraged Xsolla to create the most advanced payment system on the e-commerce market.
With extensive relationships with payment providers like PayPal and Amazon, and services for AAA game companies like Valve, Nexon, Crytek, and Changyou, Xsolla is demoing its white-label, customizable billing-platform for banks.
Presenters: Aiman Seksembaeva, director, business development; Alexander Menshikov, integration manager
 
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Product launch: February, at FinovateEurope
Product distribution strategy: Direct to Business (B2C)
HQ: Sherman Oaks, California
Metrics: Xsolla was founded in 2006; today it employs 170 people. Xsolla has offices in U.S.A., Brazil, Russia, Ukraine, Korea, and a number of financial centers.
Website: xsolla.com

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Telenor banka Powered by Asseco SEE Presents its Automated Online Handset Loan

By David Penn Posted on
Categories: Asseco, FinovateEurope 2015, Telenor banka

Telenor_Asseco_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Finishing up the first session of the day is Telenor banka, which has teamed up with Asseco South Eastern Europe (SEE) to offer their Automated Online Handset Loan.
Telenor banka is the first fully mobile online bank in the SEE region, showcasing a mobile-device loan-offering based on Telco and banking’s big-data analytics. The right offer, at the right time, at the right place: for each customer, it is hassle-free and only a couple of clicks away. The automated process is achieved with the help of Asseco SEE’s ASEBA Multi-channel Hub.
Presenters: Telenor banka’s Chairman, Executive Committee, Martin Navratil; Piotr Jelenski, group president of the management board, Asseco SEE; and Telenor banka’s Marketing Director Mario Carevic
 
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Product launch: Q3/Q4 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Telenor banka is based in Belgrade, Serbia; Asseco SEE, Warsaw, Poland
Metrics: Telenor banka has 130 employees, is part of Telenor Group with 179 million users, is present in 13 markets. Asseco SEE has 1,400 employees, is present in 13 countries and is listed on WSE.
Twitter: @Telenorbanka and @Asseco_See

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Pay2You from Delta Bank Empowers Payments to Anyone in Your Address Book

By David Penn Posted on
Categories: Delta Bank, FinovateEurope 2015

DeltaBank_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Delta Bank, a Ukranian universal bank demoing its P2P payment solution.
Pay2You is a service for sending money to any contact from your address book. It is very simple: You choose the recipient of payment from your phone book, input your card details and the sum, then push “send money” and the recipient receives the SMS with the transfer-security code.
Then the recipient just enters any of their card numbers, along with the security code, and the money instantly proceeds to their account. The process of sending a transfer takes no longer than 10 seconds.
The service can be enjoyed on the website, mobile app, or directly from Facebook.
Presenters: Head of R & D Dept., Stanislav Ostrovskyi; Head of Innovation Dept., Denis Vorobiov
 
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Product launch: September 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Kyiv, Ukraine
Metrics: Fourth largest Ukranian bank; $4 billion USD in assets; 6,000 employees; 5 million clients

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Five Degrees Launches Mid-Office Services Suite, Matrix Universe

By David Penn Posted on
Categories: FinovateEurope 2015, Five Degrees

FiveDegrees_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Next up is Five Degrees, the developer of Matrix, a core BP engine and banking solution.
The world of services is here. Connecting with other parties, including non financial, is key to a modern bank’s success. That is why Five Degrees is introducing Matrix Universe, a set of extensions on our Mid-Office Services Suite that enables banks to fully manage their partnership ecosystem. For retail and SMEs, transactions and loyalty, infrastructure and data analytics, apps and services can be added. Built around our visual BPM engine means no coding is required.
Presenters: Chief Commercial Officer Brian van Wachem; CTO Björn Holmthorsson
 
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Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Breukelen, Netherlands
Twitter: @fivedegrees

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Encap Security’s Integration of Touch ID Helps Authenticate High-value Financial Transactions

By David Penn Posted on
Categories: Encap, FinovateEurope 2015

EncapSecurity_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

The team from Encap Security is making its way to the stage. Encap develops technology that enables mobile authentication for financial service providers.
Encap Security is the first authentication company in the world to integrate Apple Touch ID. Encap is demonstrating how financial institutions can use Touch ID to provide access to authenticate high-value financial services transactions. Touch ID integration showcases how Encap technology can detect and use device capabilities to layer on new authentication factors as they come to market. Financial institutions can then take advantage of these factors as they see fit, to ensure they are delivering the highest level of usability and security.
Presenters: CEO Thomas Bostrøm Jørgensen; Sales Director, Europe, John Burman
 
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Product launch: June 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Oslo, Norway
Metrics: With locations in Oslo, and Palo Alto, California, Encap Security’s management team has an unrivaled stature in authentication and mobile financial services. CEO Thomas Bostrom Jorgensen and the Encap Security executive team of 15 employees together combine more than 60 years of experience across mobile financial services, identity management and mobile-app security. The total investment made in Encap Security is 4.8 million euros.
Twitter: @encapsecurity

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ebankIT’s Solution Brings Contextual Banking to Multiple Channels

By Julie Muhn (@julieschicktanz) Posted on
Categories: ebankIT, FinovateEurope 2015

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This post is part of our live coverage of FinovateEurope 2015.
 
ebankIT showed off its multichannel innovation that gives users a seamless experience across all channels:
ebankIT aims to materialize in a solution that is much more than a banking application, maximizing the interaction of financial institutions and clients by extending the concept of omnichannel and social banking. In the world of omnichannel banking, customers are in control of the channels they wish to use.
For example, they can begin an interaction using one channel, such as mobile, while at home, and end it in another, such as SmartTV or Internet banking. Omnichannel banking brings the industry closer to the promise of true contextual banking in which financial services become seamlessly embedded into the lives of individual and business customers.
Presenters: João Pinto, member of the board of directors, and Omni-channel Specialist Paulo Oliveira
 
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Product launch: February 2015
Metrics: Revenues around €2M, 50 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Oporto, Portugal
Founded: January 2014
Website: ebankit.com
Twitter: @e_bank_it

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Quantitative Credit Research’s RiskAware Forecasts Corporate Defaults

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, Quantitative Credit Research

QuantitativeCreditResearchLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Next, Quantitative Credit Research demonstrated RiskAware:

RiskAware was developed based on the lessons learned from the financial crises. RiskAware can analyze and measure corporate credit risk quicker and better than existing practices.

RiskAware forecasts corporate defaults on a one-year term with close to 90% accuracy rate. New methodology includes the introduction of the macro environment into credit risk analysis and the simulation of 32 macro scenarios for each loan and borrower.

Presenters: CEO and Founder Tamas Varkonyi and CTO Sandor Kocso
 
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Product launch: March 2014
Metrics: 4 partners, 5 employees, operation in United Kingdom and Central Europe
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: London, United Kingdom
Founded: June 2010

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TradeRiver Finance’s Cross-Border Trade Platform Allows Buyers to Pay Suppliers in Local Currency

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2015, TradeRiver Finance

TradeRiverLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

TradeRiver Finance showed its platform for global trade:

The TradeRiver platform provides a business-funding and transaction-execution solution, which completely changes the nature and operation of cross-border trade finance.

TradeRiver provides the online tool and the finance for trade buyers of goods and services to pay their global suppliers in cash and in local currency at any point in their supply chain using a facility much like an online credit card.

Presenters: COO Toby Lanyon and Business Development Executive Mike Mumford
 
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Product launch: September 2011
Metrics: £2.8M equity, 6 employees, revenues £2.2M to date, £45M loans advanced, 130 registered users
Product distribution strategy: Direct to Business (B2B), licensed
HQ: London, United Kingdom
Founded: April 2010
Twitter: @Trade_River

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eRipple Demonstrates its Mobile Mentor Matching Tool

By David Penn Posted on
Categories: eRipple, FinovateEurope 2015

eRipple_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

eRipple is next, presenting its mentoring technology that levearges the LinkedIn API to help corporates, startups and individuals find and connect with the talent they seek.

We provide our solution because we care about the ambitious succeeding! From extensive research into connecting time-poor experts with the information-hungry ambitious who are looking to grow, we have discovered a completely new way to connect. eRipple is a mobile mentor-matching tool that uses smart and learned algorithms, diary management, and messaging to completely revolutionize internal communication and talent relationships.

Exploiting the wealth of knowledge and expertise data available on LinkedIn and extensive psychometric profiling, we use the LinkedIn API to create a plugin to a new world of qualified connections between experts and those looking to grow.

Presenters: Founder Duncan Peters and Finance Director Paul Mann
 
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Product launch: November 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), licensed
Metrics: To date the company has been funded by its founders and recently taken on 50,000 pounds as a pre-seed friends-and-family round to deliver on customer campaigns. We always aim to bring together the most driven and talented people, expertise, and company backgrounds. We have technical mindshare on algorithms and psychology from our fantastic board of advisors from Meniga, Orange, Facebook, MarkIt and other top-five banks. Our development team is led by our Founder, Duncan Peters.
Website: eripple.co
Twitter: @RippleApp

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AppSensorFS from Intelligent Environments Neutralizes Security Threats in Real-time

By David Penn Posted on
Categories: FinovateEurope 2015, Intelligent Environments

IntelligentEnvironments-logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Next to the stage is mobile and online security solution provider, Intelligent Environments, demonstrating AppSensorFS.

AppSensorFS is a software capability built into Interact, our multichannel banking platform, which enables the business application to detect and neutralize a security threat in real-time. It makes the application attack-aware. AppSensorFS deploys sensors within the application to detect potential threats. At its core is an expert system that makes real-time decisions to direct appropriate defense responses. AppSensorFS is a next-generation security solution with features specifically designed for Financial Services end-user applications. The framework extends to both web browser and mobile app-based solutions.

Presenters: CTO Clayton Locke; Product Development Lead Alan Brown; and Senior Software Architect Paul Spiller
 
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Product launch: February 2015
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Kingston-upon-Thames, London, United Kingdom
Metrics: 130 employees
Twitter: @IntelEnviro

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