“BANKTRON introduces a brand new approach to the customer. By combining banking and partners, data analysis, personalization, loyalty, and even fraud prevention, we have laid a whole new ground for better customer interaction and value added product offering. BANKTRON enables the bank to provide personalized, tailored services to the customer via multiple channels, much attention drawn to the mobile.Our flagship product BANKTRON is enriched with data analysis, fraud prevention engines, and a customer loyalty platform, which increases customer engagement and eases the determination of a full customer’s profile based on behavioral patterns. Providing tailored marketing campaigns and enhancing fraud prevention – a way to retain a satisfied customer.”
Kown’s New Platform Matches People with Investing Opportunities Based on Their Interests
“Kown provides an alternative for the traditional savings account. We match people with investing opportunities based on their interests, risk-graph and investment focus.”
CurrencyTransfer Launches its FX Price Feed Aggregator for SMEs
This post is part of our live coverage of FinovateEurope 2014.
Our next innovator is CurrencyTransfer, developer of technologies to make it easier for small and medium sized businesses to operate internationally.
“FX price feed aggregator and execution platform that takes the technology blue chip treasurers take for granted, and makes it accessible to the masses. We offer a price feed aggregation solution to problems SMEs trading internationally face, including: outdated phone based comparison, experiencing ‘honeymoon rates’ & dreadfully expensive bank foreign exchange rates.Our goal is to create efficiency & total price transparency in an expensive, and opaque international money transfer industry. Version 1 features include: bidding platform, trade execution, multi broker registration & post trade history.”
SaaS Markets Helps FIs Build, Brand and Launch Their Own App Stores
This post is part of our live coverage of FinovateEurope 2014.
Making their way to the stage is the team from SaaS Markets with their Enterprise Cloud Marketplace Platform for financial companies.
“Saas Markets’ MarketMaker platform allows financial companies to deploy a fully branded cloud marketplace containing proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications, plus other cloud products and services – all in one convenient marketplace for your employees or business customers.”
Nous.net’s Spark Feed Leverages Trading Intuition Rather Than Software Algorithms
This post is part of our live coverage of FinovateEurope 2014.
Next up to the stage is Nous.net, a company that operates a next generation, free trading simulator
“Nous ‘Spark Feed’ is a real-time financial data service that helps you understand and predict the markets. Uniquely, Spark Feed uses the intuitive and analytical capabilities of tens of thousands of real people, not software algorithms. Their predictions are segmented by proven trading skill and then quantitatively blended.”
Recently partnered Jack Henry & Associates and Luminous Demo DataVault
“DataVault is a virtual safety deposit box that allows banking customers to upload, sort, and store personal and business documents in one secure place. Now customers can bank online with important documents just a click away.”
The Currency Cloud Revamps International Payments Platform
“This release will provide our clients access to an easy-to-use web console. Cross-border transactions tend to be expensive and inefficient (i.e., error prone) as the majority are executed through some type of manual process. While a variety of alternative international payment providers claim to offer relief, their services have limitations that often leave companies encountering the same issues of high costs, inadequate automation and deceptive pricing. We think global businesses deserve better, and have developed an entirely new model for international payments.”
• Current number of employees: 42• Money raised: $8M as of December 2013 – next round imminent.• Financial Data: transaction run rate is approximately $4B per calendar month and is projected to double every five to six months. Revenue run rate is currently $4.4M.• Customer Traction: we have on-boarded over 50 new direct clients with over 1,000 indirect customers since January 2013.
SQLI Launches Augmented Banking
“Augmented Banking is a new take at Online Banking. It is aimed at positioning a Bank at the very center of people’s digital lives.The core concept behind Augmented Banking is to collect a massive amount of information about a user’s digital life from multiple sources and to push it back to him as a visualization of his financial behavior.”
Kensho Debuts Warren to Help Institutions Perform Quantitative Analyses
“Warren is a user friendly, interactive research environment that enables portfolio managers and researchers to quickly and easily perform sophisticated quantitative analyses in a fraction of the time spent by institutional research teams today.Kensho designed Warren to shorten traditional investment research cycles from days to minutes. Warren can currently answer a million distinct types of natural language questions about the impact of global events on asset prices, such as, “What happens to the share prices of energy companies when oil trades above $100 a barrel and political unrest has recently occurred in the Middle East?” Warren will be able to answer 100 million distinct types of complex financial questions by the end of 2014.”
Encap Security’s Smarter Authentication Turns Personal Devices into Security Credentials
This post is part of our live coverage of FinovateEurope 2014.
From Oslo, Norway, Encap Security is next, demoing their software-based, authentication solution.
“Smarter Authentication is the world’s only software-based, banking-grade, authentication technology that doesn’t compromise between security, user experience and utility.”
Nostrum Launches its Virtual Collector, An Automated Lending Platform
“Nostrum’s mission is to provide a fully automated lending platform, enabling lending to be performed cheaper, faster and safer.Whilst innovation in certain sectors of the lending industry have addressed the auto approval of applications and now provide loan funds rapidly, no business has adequately considered how delinquency management activity can be redesigned to ease the customer experience and reduce the risk of compliance failure. The functionality demonstrated will replace the traditional call centre operator who manages in and outbound calls to customers to discuss their delinquent payments and either takes a payment or puts an arrangement in place.”
Switchless’ Solution Helps Banks Enable Users to Buy, Sell, Save, and Spend Bitcoin
“Our proprietary modular enterprise software allows for partial or full integration into existing financial infrastructures, giving financial institutions maximum flexibility for the unique and complex requirements they face. The following modules are currently available:Broker: Allows end users to buy and sell Bitcoin using traditional currencies. Our broker algorithm searches for the best pricing globally and offers instant and reliable execution.Vault: Allows end users to store their Bitcoin securely. Our state-of-the-art cold storage system makes use of multi-level security that substantially increases overall security whilst still delivering a frictionless end-user experience.Merchant: Allows merchants to accept Bitcoin as payment for goods or services, guaranteeing conversion of Bitcoin to traditional currencies at competitive rates. Full integration also means that end users can easily spend the Bitcoin they have purchased.Controller: Manages the account level end-user environment. It controls interactions with existing banking infrastructure such as online banking and KYC verification, the Broker, Vault and any other Switchless or external modules.Our extensive range of exchange, payment and storage modules give financial institutions the unique ability to implement entire crypto-currency ecosystems for their clients.At FinovateEurope we are showcasing a full implementation of our software for a banking client. This solution allows the bank’s customers to buy, sell, save and spend Bitcoin, all in one easy to use and integrated platform.”