Blog - Page 805 of 1217

Avoka’s 3-Minute Loan Application Streamlines Account Opening

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: Avoka, FinovateEurope 2015

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

Avoka showed its fast onboarding process:

The 3-Minute Loan Application: Fastest Onboarding Experience in the World

Product and pricing are not differentiators in financial services—customer experience is. In particular, frictionless customer experiences have proven effective for attracting and retaining customers. Avoka helped a client go from 36% conversion rate for personal loan applications to 51% in just 4 weeks by focusing on delivering a frictionless experience for the customer. Because online, seconds matter.

We are demonstrating how combining social, cloud services, and crowd sourcing streamlines account opening, and how credit origination minimizes customer effort and takes the friction out of customer acquisition.

Presenters: Chief Experience Officer Derek Corcoran and Technical Manager

Kevin Mortimer

Product launch: February 2013

Metrics: Privately held company with 80+ employees globally

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

HQ: London, United Kingdom

Founded: January 2002

Website: avoka.com

Twitter: @avokatech

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VATBox Takes the Headache Out of Tracking VAT

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, VATBox

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

VATBox demonstrated its system that tracks and manages VAT spend:

VATBox is demoing a first-of-its-kind, cloud-based, truly automated solution. The automated VAT recovery solution and dashboard enable customers to build one global process that tracks and manages VAT spend with ease. Automation guarantees reduce risk, simplicity, and ease of use by eliminating human error and reducing the inefficiencies of manual processes. But, automation and transparency isn’t only about the money, it’s about data integrity. Qualified and validated data delivers visibility, control, and compliance.

VATBox empowers companies like Teva, PPG, and Broadcom by maximizing returns while enabling transparency. Deployment is simple; all it takes is a few simple steps.

Presenters: CEO, Co-founder Isaac Saft; Stephen Coleclough, advisory board member, VATBox

First product launch: November 2013; VATBox 2, January 2015

Product distribution strategy: Direct to Business (B2B) and through other Fintech companies and platforms

HQ: Herzilliya, Israel

Founded: 2012

Website: vatbox.com

Twitter: @VATBox

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With Wipro’s ngGenie myAdvisor, Users Receive Personalized Banking Assistance

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, wipro

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

Wipro debuted ngGenie myAdvisor:

Wipro ngGenie™ myAdvisor truly provides the ‘Next Generation Banking Experience’ for customers. The Wipro ngGenie™ myAdvisor can have an interactive conversation with you in natural language using voice and gestures. Wipro ngGenie™ myAdvisor learns from your spend patterns, banking transactions, retail transactions, and your social transactions and provides personalized assistance.

It is able to adapt to the user, understand context, and provide the right kind of assistance. It learns from the user’s actions and is able to predict user action as well as provide timely help. Wipro ngGenie™ myAdvisor covers a broad range of functionalities across branch, call center, and web, and provides omnichannel experience.

Presenters: General Manager Mukund Kalmanker and Practice Head Sudhakar Babu Tamminedi

Product launch: May 2015

Product distribution strategy: Through financial institutions

HQ: Bangalore, Karnataka, India

Founded: December 1945

Website: wipro.com

Twitter: @wipro

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CoinJar Leverages BlockChain Technology to Provide a Wide Range of Digital Payment Options

By David Penn Posted on February 10, 2015
Categories: CoinJar, FinovateEurope 2015

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

CoinJar is the eminent digital finance platform in the Australian market. The company’s co-founders are making their way to the stage.

CoinJar lets users buy, sell, send, receive, and spend digital and traditional forms of currency using the blockchain technology that underlies bitcoin. With a simple user interface designed for the average consumer, CoinJar bridges legacy payment systems and new digital platforms. It opens the potential for bitcoin to become the future of global remittance payments, automated escrow, smart contracts, digitized asset ledgers, and secured and signed user cryptography.

CoinJar also has an open API, allowing developers to innovate on top of the CoinJar platform to adopt the best of blockchain technology for uses other than currency.

Presenters: Co-founders Asher Tan and Ryan Zhou

Product launch: December 2014

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

HQ: London, United Kingdom

Metrics: AU$450,000 raised in venture capital and angel investment; more than 40,000 users; more than $50 million in exchange transactions in Australia; 285,000 BTC sent between CoinJars worth $150 million; 13 employees

Website: coinjar.com

Twitter: @GetCoinJar

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iSignthis Presents its Cloud-Based Identification and Transaction Authentication Technology for PSPs

By David Penn Posted on February 10, 2015
Categories: iSignthis

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

Our next presenter is iSignthis, with its cloud-based identity and transaction-authentication solution for payment service providers.

A global, highly scalable, and fully remote combined evidence of identity and transaction authentication system to assist clients with meeting (i) Know Your Customer (KYC) for AML/CTF requirements and (ii) strong customer/payment authentication. The service generates evidence of identity on a dynamic basis, linking transaction parameters to the payment instrument and multifactor authentication. The service also assists PSPs with meeting the European Banking Authority’s SecuRE Pay and its strong customer authentication requirements, and the EC’s PSD2.

The service further provides operational benefits for any online business seeking to reduce customer onboarding friction, mitigate CNP fraud, and/or streamline operations.

Presenters: Managing Director John Karantzis; Commercial Director Marc Bongers

Product launch: February 2015

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

HQ: Melbourne, Victoria, Australia

Metrics: $1 million USD raised to date; less than 15 employees; listing on ASX in January 2015

Website: isignthis.com

Twitter: @iSignthis_Ltd

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Topicus.Finance Presents its Force Business Lending Solution

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, Topicus

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

A provider of innovative, pay-as-you-go, cloud-based banking software, Topicus.Finance is next with its Force Business Lending solution.

The Force Financial Business Process Management (FBPM) solution is not a generic BPM platform, but one that knows about financial products, their structures, pricing, and provisions. It was developed with today’s challenges in mind and has its high-end financials analysis, rating, and pricing applications tightly integrated.

Presenters: Managing Director Michael Schipper, and Head of Business Lending Jamie Burink

Product launch: 2013

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

HQ: Deventer, Netherlands

Metrics: At the end of 2014, Topicus.Finance has an estimated turnover of 20 million euros and 220 employees. The entire Topicus group has an estimated turnover of 48 million euros and 525 employees at the end of 2014. Topicus is wholly owned and financed by its founders and current board members.

Website: topicusfinance.com

Twitter: @Topicus.Finance

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IDmission Introduces INFORM, an Enterprise-level Forms Builder

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, IDmission

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

IDmission is presenting its cloud-based solution for identity-initiated customer onboarding and engagement.

INFORM is a fully configurable Enterprise forms product that enables building of sophisticated user experiences without any programming. You can build your own forms with KYC, document management, image processing, biometrics, online calls, workflows, and payments integrated into them. INFORM is integrally connected to Ada, our cloud platform infrastructure, enabling reuse of all Ada’s software components and connectivity to third-party systems.

Presenters: CEO and Pres. Ashim Banerjee; VP Product Dev. Angie Schmuck

Product launch: March 2014

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

HQ: Louisville, Colorado, U.S.A.

Metrics: 75 employees in the United States and India

Website: idmission.com

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Strands Launches Loop to Combine PFM and Card-Linked Offers

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, Strands

This 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

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

Website: finance.strands.com

Twitter: @StrandsFinance

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

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, SAS Games

This 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

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

Website: tivitzcollegesavings.com

Twitter: @tivitz

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

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, Xsolla

This 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

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 February 10, 2015
Categories: Asseco, FinovateEurope 2015, Telenor banka

This 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

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.

Website: telenorbanka.rs & asseco.com/see

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 February 10, 2015
Categories: Delta Bank, FinovateEurope 2015

This 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

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

Website: en.deltabank.com.ua

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