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

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

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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
 
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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
Categories: FinovateEurope 2015, WS Integration

WSIntegrationLogo.jpgThis 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 
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Product launch: March 2015
Product distribution strategy: Direct to Business (B2B)
HQ: London, United Kingdom
Founded: 2003
Twitter: @ws_integration

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

By David Penn Posted on
Categories: BizEquity, FinovateEurope 2015

BizEquity_logo_high-res .jpgThis 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
 
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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.
Twitter: @BizEquity

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PhotoPay Debuts BlinkOCR to Replace Data Entry

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

PhotoPayLogo.jpgThis 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

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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
Categories: Akamai, FinovateEurope 2015

Akamai_logo_high-res.jpgThis 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
 
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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
Categories: FinovateEurope 2015, Moneyhub

MoneyHub_logo_high-res.jpgThis 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
 
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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.
Twitter: @moneyhubapp

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eToro Introduces Social Trading for Generation Y

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

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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

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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
Categories: FinovateEurope 2015, SOFORT

SOFORT_logo_high-res.jpgThis 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
 
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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
Categories: Backbase, FinovateEurope 2015

BackbaseLogo.jpgThis 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
 
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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
Categories: FinovateEurope 2015, InvoiceSharing

InvoiceSharing_logo_high-res.jpgThis 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
 
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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
Twitter: @invoicesharing

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Dynamics Debuts its Multi-Currency Card to Help Travelers Avoid Cross Border Transaction Fees

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

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This post is part of our live coverage of FinovateEurope 2015.
 
Dynamics debuted its multi-currency card to help travelers avoid cross border transaction fees.
Dynamics was founded and seeded in 2007 by Jeff Mullen, its president and CEO. Dynamics produces and manufactures intelligent powered cards, such as advanced payment cards. Focused on introducing fast-cycle innovation to top card issuers, the company’s first commercial application is the world’s first fully card-programmable magnetic stripe for use in next-generation payment cards.
Presenter: Jeff Mullen, CEO
 
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HQ: Pittsburgh, Pennsylvania, U.S.A.
Founded: November 2007
Twitter: @DynamicsInc

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Avoka’s 3-Minute Loan Application Streamlines Account Opening

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avoka, FinovateEurope 2015
This post is part of our live coverage of FinovateEurope 2015.

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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
 
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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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