Blog - Page 823 of 1236

Financial Media Solutions Makes Financial Analysis Easier to Digest

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

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

Financial Media Solutions (FMS) showed how it brings life to financial statements.

Those attempting to read financial analysis from a PDF on their smartphone will understand the issue. How do institutions create financial content that is compatible for mobile users?

The answer is with MAPPS – Market Analysis Production and Publishing Solution. Operating from the cloud, MAPPS makes it simple to combine dynamic graphics with an audio message, enabling financial analysis and concepts to be delivered in concise, engaging videographic formats.

As client attention spans shorten—research indicates about 90 to 120 seconds is all the time you have to get a video message across—financial content needs to come in dynamic, bite-size formats that clients can easily digest. This is exactly what MAPPS delivers.

Presenters: Owner and CEO Ian Park; Marketing Director Christopher Thomas

Product launch: January 2011

Metrics: Self financed, less than $100,000; six employees, two clients

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

HQ: Walchwil, Zug, Switzerland

Founded: January 2011

Website: mapps-video.com

Twitter: @MAPPSvid

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Meniga Launches Card-Linked Offers Solution

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

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

Meniga debuted Market Match, a new card-linked offers platform.

Meniga’s transaction-data analytics and enrichment engine enables it to deliver uniquely targeted and relevant offers to the consumers on its platform. Meniga puts offers, insights, and notifications into the context of consumer financial management, integrated as part of new-generation PFM. A fun, engaging Facebook-like feed that transforms how people interact with their finances, and how banks interact with their customers.

Meniga’s Market Match is a data-driven card-linked offers (CLO) platform that allows financial institutions to provide merchant-funded offers to their online customers using the power of PFM. Meniga’s PFM Solution has received multiple awards for innovation, such as “Best of Show” at FinovateEurope in 2011 and 2013, and boasts market-leading adoption and retention metrics.

Presenters: CEO and Co-founder Georg Ludviksson; VP Product Management Einar Gustafsson

Product launch: February 2015

Metrics: $8.5 million raised; 100+ employees; more than 20 million online banking users
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Reykjavík, Iceland
Founded: March 2009

Website: meniga.com
Twitter: @meniga

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Bitbond Launches AutoInvest Feature for Bitcoin-Based Peer-to-Peer Lending Platform

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

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

Bitbond launched AutoInvest feature for its bitcoin-based P2P lending platform.

Bitbond AutoInvest allocates funds on behalf of lenders according to their chosen investment profile. AutoInvest will create a loan portfolio according to predefined criteria. The criteria are: investment amount, risk category, base currency, and regions. The regions are North America, Latin America, the Caribbean, Europe, Central Asia, the Middle East, North Africa, Sub-Saharan Africa, Asia, and the Pacific.

The exciting thing about portfolio building according to a profile is that Bitbond allows you to invest automatically into a globally diversified loan portfolio at 0% fees.

Presenters: Co-founders Radoslav Albrecht, CEO, and Robert Nasiadek, CTO

Product launch: February 2015

Metrics: €200,000 equity raised; 4 employees; more than 6,000 signed-up users from 120 countries

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

HQ: Berlin, Germany

Founded: January 2013

Website: bitbond.com

Twitter: @Bitbonds

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WS Integration’s New Xceptor Version Adds Flexibility to Back Office Operations

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

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

WS Integration debuted the new version of Xceptor.

Xceptor v4.0 is the next generation of our platform product and is a significant step forward in terms of usability and functionality. Responding to client requests, we have improved many core pieces of the product, such as data-input methods, administration pages and analytics/reporting.

These changes increase the efficiency of setting up and maintaining new processes, adding further flexibility to the use of Xceptor within back and middle office operations.

Presenters: Director Dan Reid, and Executive James Farrell, business development

Product launch: March 2015

Product distribution strategy: Direct to Business (B2B)

HQ: London, United Kingdom

Founded: 2003

Website: wsintegration.com

Twitter: @ws_integration

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BizEquity Launches Valuation-as-a-Service Solution, BizEquity One UK

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

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

Our next presenter is BizEquity, creators of the Valuation-as-a-Service business valuation cloud.

New features of BizEquity One U.K. include: (1) Real-time dynamic valuation updated daily from our smart algorithm and multiple data sources for greater accuracy and client engagement rate (2) Zillow-esque feature on the homepage with a powerful search on more than two million pre-valued businesses in the United Kingdom to get a sense of how the business is doing and what it is worth (3) Useful advice and alerts about the business streamed in real-time as the user goes through the valuation process (4) Updated dashboard with an infographic-like view of each business’s value and key performance indicators, a bird’s eye view of business that’s simple to grasp for the average owner.

Presenters: CEO Mike Carter, and Semyon Fishman, VP engineering

Product launch: February 2015

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

HQ: Wayne, Pennsylvania, U.S.A.; Tower Hamlets, London, United Kingdom

Metrics: $5.1 million raised; more than 200,000 business users helped; more than 28 financial services distributors to date; 60 patents filed — 7 seminal patents in the online valuation space granted; 29.5+ million businesses valued, making BizEquity the largest online business valuation provider in the world.

Website: uk.bizequity.com

Twitter: @BizEquity

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PhotoPay Debuts BlinkOCR to Replace Data Entry

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

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

PhotoPay showed how its blinkOCR replaces manual data entry.

PhotoPay’s blinkOCR is a camera text recognition SDK for mobile apps. blinkOCR allows real-time operation for customers to replace manual payment or other data entry. It uses a smart scan through a mobile-device camera in customers’ mobile-banking and payment apps.

Smart, contextual scanning works from nonstandardized paper, card or other onscreen documents and forms. blinkOCR contextually recognizes data often required to be manually typed in, such as IBAN, BIC/SWIFT, reference numbers, amounts, emails, URL or other data fields. blinkOCR reduces integration costs and risks by performing locally on the device without the use of an internet connection. Its simple API and small footprint makes it very easy to integrate.

Presenting Izet Zdralovic, co-founder & director, sales & marketing;

CTO Jurica Cerovec, co-founder

Product launch: Q1 2015

Metrics: Self-funded, 13 employees, working with banks in more than 10 countries; more than 10 million end-users of PhotoPay technology

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

HQ: London, United Kingdom

Founded: March 2013

Website: photopay.net

Twitter: @PhotoPay

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Akamai Launches Client Reputation to Help FIs Make Better Security Decisions

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

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

Akamai is ready to demonstrate the new Client Reputation feature of its Kona Site Defender technology.

The Akamai Client Reputation service is designed to help financial services institutions improve their security decisions when the threat would otherwise be unclear. The service provides the ability to forecast intent and protect applications against Distributed Denial of Service and application layer attacks. It does this by identifying and sharing with customers the likelihood that particular IP addresses fall into one of four “malicious” categories: web attackers, Denial of Service attackers, web scrapers, and scanning tools.

Presenters: Ory Segal, director, threat research, and Nick Coleman, web security specialist

Product launch: February 2015

Product distribution strategy: Direct to Business

HQ: Cambridge, MA

Metrics: Revenue $1.58 billion in 2013; 5,000+ employees. Customers include 1 out of every 3 Global 500 companies; 8 of the top-10 U.S. online brokers; 8 of the top U.S. asset-management firms; and 10 of the top-10 P&C insurance carriers. Akamai delivers 15% to 30% of all Web traffic globally.

Website: akamai.com

Twitter: @AkamaiUK

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MoneyHub Demonstrates its PFM Ecosystem

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

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

MoneyHub is up next, offering a personal finance management solution that puts users in the center of their financial universe.

The MoneyHub ecosystem is a place where users can aggregate their own data and information, access financial advice, and connect with financial institutions and other services.

The MoneyHub ecosystem puts the user at the center of their financial universe, helping them make better choices for their financial future and manage their relationships with financial institutions more effectively.

Presenters: CEO Toby Hughes and CTO Dave Tonge

Product launch: Q2 2015

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

HQ: Bristol, United Kingdom

Metrics: MoneyHub is a Bristol-based company in a phase of rapid growth. We currently have 40 employees and will be expanding further throughout 2015. MoneyHug currently tracks more than £3 billion (pounds) in consumer assets daily.

Website: moneyhub.co.uk

Twitter: @moneyhubapp

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eToro Introduces Social Trading for Generation Y

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

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

eToro debuted its platform for the new generation of traders:

The company that started out as a gamifier of trades, introduced the world to its social investing network, and created the concept of CopyTrading, is now reinventing its own domain. eToro is introducing a whole new way to trade for the Gen Y population – social trading like you’ve never seen before.

Presenters: Yoni Assia, CEO and founder; Tal Ben-Simon, VP product

Product launch: February 2015 at FinovateEurope

Metrics: £48 million raised to date from venture capital and private investors; 4 million users worldwide; 130 million trades on the platform since inception

Product distribution strategy: Direct to Consumer (B2C)

HQ: London, United Kingdom

Founded: January 2007

Website: etoro.com

Twitter: @eToro

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SOFORT Demonstrates its Banking Paycode to Ensure Secure Transactions

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

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

A part of the Klarna Group, SOFORT offers innovative products to ensure secure transactions online.

SOFORT Banking Paycode is an online link to the SOFORT payment form, which already contains all relevant information for the transfer. By using the link, the digital transfer form is automatically filled in and ready for the transfer. You’ll find the paycode on your invoice, which you receive from the merchant via email, mail or SMS. The paycode can be entered either via the website of the merchant or at sofort.com. Alternatively, you can use the code link that leads you directly to our encrypted SOFORT Banking payment form. The transfer can then be carried out easily via SOFORT Banking.

Presenters: Christian Mangold, managing director, sales; Marc-Andre Bewernik, senior manager, products; and Fridolin von Schönau, senior manager, products

Product launch: May 2013

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

HQ: Gauting, Germany

Metrics:

Turnover 2014: approx. 25 million euro (increase in sales as compared to 2013: more than 30% across Europe)
External revenue with SOFORT Banking 2014: approx. 3.3 billion euro
Employees: 170 in 2014; 150, 2013
On average, 3,000 consumers use SOFORT Banking at least once
More than 18 million users have already used SOFORT Banking at least once
More than 100 million transactions since the company was founded
More than30,000 e-commerce shops use SOFORT Banking

Website: sofort.com

Twitter: @SOFORTAG

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Backbase Launches Omnichannel Journey Manager

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

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

Backbase showed how it’s bringing omnichannel options to the user experience:

Backbase is launching the latest version of the Backbase Customer Experience Platform at FinovateEurope 2015, with a strong focus on the omnichannel customer journey and journey management.

Completely new in this release of Backbase CXP is the Backbase Omnichannel Journey Manager, giving direct insight in the multiple touchpoints in a customer’s typical journey, with the option to directly dive in and fix inconsistencies.

A lot of digital banking providers and software vendors talk omnichannel. We make it real and visible. With the new Backbase Journey Manager, we give Channel Managers at Financial Institutions direct insight into how multiple channels are being used and where the most common handover points are (the moments of truth).”

Presenters: Jouk Pleiter, CEO & founder; Jelmer de Jong, global head of marketing

Product launch: February 2015

Metrics: Privately owned; 250+ employees; offices in New York, Atlanta, London, Moscow and Singapore; technology used by more than 40 large financials across the globe

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

HQ: Amsterdam, The Netherlands

Founded: April 2003

Website: backbase.com

Twitter: @backbase

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InvoiceSharing Launches its White Label, Electronic Invoice Distribution Platform for Banks

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

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

InvoiceSharing is up next, demonstrating its free electronic invoice distribution platform for banks.

We learned that banks need a white-label version of the InvoiceSharing platform for five reasons:

Reduce cost of capital (cost of unused lines of credit)

Bring added value to clients and upsell more

Distribute cash to companies in a new way

Split transactions and services provided to customers

Prove that banks do not over-credit companies

We are launching the first white-label version for banks to capture all the data they need to achieve these goals. Capturing all data from incoming and outgoing invoices and combining it with payment data and data from the company’s clients systems allows banks to lend more money with less risk at lower costs.

Presenter: CEO Jeroen Volk; VP of Business Development Stephen van Stek

Product launch: February 2014

Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: Rotterdam, The Netherlands

Metrics: €2 million raised; growing 15% month on month with invoice volume in euros; 10 employees; deal with first bank for white label

Website: invoicesharing.com

Twitter: @invoicesharing

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