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KBC Bank Ireland Embraces Temenos T24 Core Banking

By David Penn Posted on January 10, 2014
Categories: Temenos

Temenos has just picked up another bank: KBC Bank Ireland has signed up for both the company’s core banking system, T24, as well as Temenos’ Insight Business Intelligence Suite.

Deployment of T24 will help the bank focus on more personalized customer service and on delivering innovative banking products, according to KBC Bank Ireland Chief Executive Wim Verbraeken. The move is part of a broader rollout that includes providing full online and mobile banking capability to its retail customers.

Among the selling points of T24 was the platform’s “product-building capability.” In the words of Jean-Michel Hilsenkopf, Temenos Regional Director for Europe, this will allow KBC Bank Ireland to bring new financial products to market quickly “without the need to write bespoke code.”

KBC Bank Ireland is one of the largest banks in Ireland. The bank reported total retail deposits of €2.9 billion – a year over year increase of €0.8 billion – and added more than 7,000 new customer accounts in the last three months of Q3 (quarter ending September 2013). KBC Bank Ireland has more than 700 employees and is headquartered in Dublin. New branches were opened recently in Limerick and Galway.

Temenos was founded in 1993 and is based in Geneva, Switzerland. The company has more than 1,500 customer deployments in 125 countries around the world. Temenos is among the companies that will be presenting at FinovateEurope 2014 in February. To learn more about our upcoming event in London, visit our information page here.

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Finovate Alumni News — January 10, 2014

By David Penn Posted on January 10, 2014
Categories: BellaDati, Bill.com, Manilla, Temenos, Trustly

KBC Bank Ireland embraces Temenos T24 core banking.

Accounting Technology takes a look at Bill.com and its integration with Tax1099.com.

Google Play Editor’s Choice features the Manilla Android app.

BellaDati adds four new features.

Trustly providing direct account payment solution for Groupon users.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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FinovateEurope 2014 Sneak Peek: Part 1

By Julie Muhn (@julieschicktanz) Posted on January 9, 2014
Categories: CurrencyTransfer, Fastacash, FinovateEurope 2014, Luminous, Matchi, Tink, Toshl

FinovateEurope is almost a month away, and we’re well into preparing for the show, to be held in London on February 11 and 12 at the historic Old Billingsgate Market Hall.

Before we all gather around the demo stage, we wanted to give you a preview of what to expect. Below are the first six companies in our sneak peek series. Stay tuned for more!

CurrencyTransfer.com enables foreign exchange companies

to compete for your business transfers.

Features:

Compare low-cost currency quotes, and book trades in one independent venue
100% cost transparency, displaying side-by-side ‘sell’ and ‘market’ quotes
Post trade analysis; no more paper trails

Why it’s great:

Access foreign-exchange quotes from all your providers in one place. Execute your business trades at the best price at the click of a button.

Daniel Abrahams

Co-Founder and Head of Partnerships at CurrencyTransfer.com. Half Israeli, Daniel divides his time between offices in London and Tel Aviv. Mentor at Startup ABC & Personal Finance blogger.
LinkedIn

Stevan Litobac

Co-Founder and Head of Product at CurrencyTransfer. Stevan has advised a number of early stage startups. Loves making things.

fastacash transfers value through social networks globally.

Features:

Addresses intersection of payments, social and mobile
Transfer monetary value and content across any social or messaging platform
Technology easily customized and embedded into partners’ solutions

Why it’s great:
Enables transfer of money, airtime, coupons and any other value across any social network or messaging platform.

Vince Tallent
Vince has extensive experience in the TMT industry with a global focus on mobile and payments.
LinkedIn

Gilberto Arredondo

Throughout his career, Gilberto has been involved with new technologies and innovation by driving commercial and operational activities for telecommunications companies.
LinkedIn

Jack Henry & Associates & Luminous helps banks solve problems. It’s the ultimate financial innovations company with visionary products that are breakthroughs in sheer simplicity.

Features:

Virtual safety-deposit box
Banking customers can upload, sort and store personal and business documents
Customers can automatically save and back up the latest version of important documents

Why it’s great:
Customers can easily bank online with important documents automatically filed after just one click

Andrew Teversham

As Chief Technology Officer for Luminous, Andrew heads up the development and implementation teams at Luminous and has gained extensive experience with SAP implementations over a number of years.
LinkedIn

Phillip Wood

Phillip is a business development leader with 17 years’ experience in direct sales, business development and strategy in B2C and B2B across EMEA.

Matchi is an innovation-matchmaking platform for banks and innovators.

Features:

Unprecedented collaboration opportunities for banks
Marketing platform for innovators to showcase their latest innovations to banks
A go-to-destination for market-ready, banking innovations online

Why it’s great:
It’s an innovation-matchmaking site for banks and innovators globally.

Warren Bond

Warren Bond, CEO of Matchi, is constantly looking for new ideas and ways to drive innovation and change in the banking industry.
LinkedIn

Gerrit Hoekstra

Gerrit Hoekstra, CTO of Matchi, has been delivering embedded mobile and strategic enterprise-grade, big-data solutions for more than 25 years and is passionate about innovative technologies at all levels.
LinkedIn

Tink is an innovative personal finance-management app which allows users to better understand how their money is spent.

Features:

Making personal finance effortless
Consume data in a personalized feed
Insights into your personal finance

Why it’s great:
Makes personal finance fun, beautiful and convenient for the first time!

Daniel Kjellén, CEO and Founder
LinkedIn

Fredrik Hedberg, CTO and Founder

Toshl Finance Making finance fun. Helping people shake their finance-management indifference.

Features:

Funtastic finance management UI
Fully featured apps on phones, the desktop and everything in between
Available worldwide

Why it’s great: Making finance fun.

Matic Bitenc

CEO, background in UX, international relations.

Miha Hribar

CTO, co-created numerous high-profile IT projects.
LinkedIn

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CAN Capital Raises $33 Million from Meritech Capital, Accel Partners

By David Penn Posted on January 9, 2014
Categories: CAN Capital

CAN Capital has secured $33 million in funding from Meritech Capital Partners, Accel Partners, Ribbit Capital, and QED Investors.

This latest funding-round raises CAN Capital’s total to $63 million, which includes $30 million in funding raised by Accel Partners in 2012.

Almost one month ago to the day, Capital Access Network announced its rebranding as CAN Capital. Chief Marketing Officer James Mendelsohn said that the rebranding was an effort to better “resonate with small business owners” as well as speak to “potential lending partners, and employees.”

By that measure, today’s news is the first indication that the rebranding is already paying off. CAN Capital CEO Daniel DeMeo said that the funding will allow the company to “further enhance our product offerings to continue meeting our customers’ needs.”

CAN Capital provides working capital to SMEs. The company uses its proprietary risk models and data from daily business performance to provide funds from $2,500 to $250,000.

A few additional metrics for CAN Capital which:

has provided SMBs with access to $3.6 billion in capital
operates a $460 million line of credit
has supported more than 120,000 small business financial transactions
serves businesses in more than 650 industries
has enabled 75% of CAN Capital customers to renew funding
grew revenues by 49% from 2009 though 2012
grew its employee base by 30% over last three years

CAN Capital competes in the small business capital-access space with companies like Kabbage, Lending Club, On Deck Capital and, most recently, PayPal. All are Finovate alumni. CAN Capital was among a number of alternative lenders featured in a front-page article in The Wall Street Journal this week.

CAN Capital demoed its Mobile Funding tablet technology for financial sales reps at FinovateFall in 2013. See the company’s presentation here.

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Finovate Alumni News– January 9, 2014

By David Penn Posted on January 9, 2014
Categories: CAN Capital, Kabbage, LendUp, Lighter Capital, Mortgage Harmony, Moven, Ping Identity, Xero

Gartner’s Web Access Management Marketscope Report gives Ping Identity a positive rating.

Moven, LendUp, Kabbage, and Xero are featured in a Wall Street Journal article on alternative lenders and social media.

CAN Capital raises $33 million from Meritech Capital, Accel Partners.

PenFed is now offering Mortgage Harmony’s One Click rate reset protection.

Lighter Capital closes 39th financing with Influence Technologies.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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FinovateEurope 2014 Early-Bird Deadline is this Friday! Register Now to Save!

By Eric Mattson Posted on January 8, 2014
Categories: Uncategorized

FinovateEurope 2014 is barely more than a month away and we are projecting a record crowd will be on hand to witness dozens of the hottest new fintech innovations debut live.

On February 11 & 12, 68 hand-selected innovative companies will take the stage in London to showcase their latest ideas to a projected crowd of more than 900 financial executives, venture capitalists, press, industry analysts and entrepreneurs.

If you would like to join the event, the early-bird deadline for the conference is this Friday. If you register before then, you will save £100 and lock in your chance to attend.

In case you’re curious, here is a small sample of the organizations that have already registered for the event.

ABN AMRO
Accel Partners
AIB Bank
ANZ
AXA Bank
Balderton Capital
Bank of Aland
Bank of America
Bank of Ireland
Bank Julius Baer
Barclaycard
Barclays Bank
Be Group

Celent
Credit Suisse
Datamonitor
Ernst & Young
Experian
Fidelity Investments
Financial Times
FT Partners
Goldman Sachs
Google
Index Ventures
ING Direct
Jyske Bank

Life.SREDA
Lloyds
Riyadbank
Skagen Funds
SpareBank
Standard Bank
Swedbank
The Bancorp
Volksbank
Wellington Partners
Microsoft
PostFinance
Rabodirect

If you’re interested in witnessing the future of European fintech, please get your ticket today to guarantee your ability to attend as we’re headed towards a sellout crowd.

We’ll see you in London in February (or Silicon Valley in April)!

FinovateEurope 2014 is sponsored by: The Bancorp, Be Group, Financial Technology Partners, and Life.SREDA.

FinovateEurope 2014 is partners with: Aite Group, BankersHub, Celent, The Financial Services Club, FSIC, Hotwire PR, Level 39, & Visible Banking.

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FinovateEurope 2014 Early-Bird Deadline is this Friday! Register Now to Save!

By Eric Mattson Posted on January 8, 2014
Categories: Uncategorized

FinovateEurope 2014 is barely more than a month away and we are projecting a record crowd will be on hand to witness dozens of the hottest new fintech innovations debut live.

If you would like to join the event, the early-bird deadline for the conference is this Friday. If you register before then, you will save £100 and lock in your chance to attend.

In case you’re curious, here is a small sample of the organizations that have already registered for the event.

ABN AMRO
Accel Partners
AIB Bank
ANZ
AXA Bank
Balderton Capital
Bank of Aland
Bank of America
Bank of Ireland
Bank Julius Baer
Barclaycard
Barclays Bank
Be Group

Celent
Credit Suisse
Datamonitor
Ernst & Young
Experian
Fidelity Investments
Financial Times
FT Partners
Goldman Sachs
Google
Index Ventures
ING Direct
Jyske Bank

Life.SREDA
Lloyds
Riyadbank
Skagen Funds
SpareBank
Standard Bank
Swedbank
The Bancorp
Volksbank
Wellington Partners
Microsoft
PostFinance
Rabodirect

If you’re interested in witnessing the future of European fintech, please get your ticket today to guarantee your ability to attend as we’re headed towards a sellout crowd.

We’ll see you in London in February (or Silicon Valley in April)!

FinovateEurope 2014 is sponsored by: The Bancorp, Be Group, Financial Technology Partners, and Life.SREDA.

FinovateEurope 2014 is partners with: Aite Group, BankersHub, Celent, The Financial Services Club, FSIC, Hotwire PR, Level 39, & Visible Banking.

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Finovate Alumni News — January 8, 2014

By David Penn Posted on January 8, 2014
Categories: CurrencyFair, Doxo, Dynamics, Flint Mobile, LendUp, Manilla, Refundo

Merchant Maverick calls Flint Mobile “the perfect service for low-volume merchants.”

LendUp and Refundo team up to provide short-term loans for underbanked taxpayers waiting for refunds.

Manilla launches Bill Share to make managing family finances easier.

CurrencyFair unveils their new website.

The Seattle Times joins doxo to simplify bill delivery and payment for subscribers.

Dynamics ePlate Visa Card adds 50th rewards partner.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Manilla Launches Bill Share to Make Managing Family Finances Easier

By David Penn Posted on January 7, 2014
Categories: Manilla

Sometimes the only thing more important than having a safe place for “your stuff” is a having a way – when you want to – to safely and easily share your stuff.

To that end, Manilla is announcing Bill Share, the latest addition to their free, cloud-based bill-management service.

“Whether you’re co-managing finances with your spouse, overseeing a college student’s accounts, helping elderly parents with their money or sharing information with your account, money management often involves more than one person, and that can become complicated,” said Manilla CEO Jim Schinella. Bill Share provides the sort of “shared finances” functionality that a number of personal finance management apps have begun to feature (such as Yodlee’s Best of Show winning app, Tandem).

How so? Manilla users can take advantage of Bill Share simply by granting selected Manilla users access to their account. Users can then jointly manage finances, share information with financial professionals, and leave comments for others.

The Manilla app with Bill Share is available for free from the iOS, Android, and Amazon Kindle Fire app stores. The app is not yet available online at Manilla.com.

Founded in 2011 and headquartered in New York, Manila provides safe and secure cloud-based access to bills and personal finances. The company demoed its AOL Bill Manager technology at FinovateFall 2013. See Manilla’s presentation here.

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Allied Payment Network’s Partnership with Mitek Pays Off with PicturePay

By David Penn Posted on January 7, 2014
Categories: ACI Worldwide, Allied Payment Network, Mitek

Since adopting PicturePay, bank and credit union customers of Allied Payment Network have seen 5-15% month-over-month growth in transactions and 10% growth in retention rates for customers who used bill pay. This has taken retention rates as high as 98%.

This is the emerging bill pay landscape as seen from the partnership between Allied Payment Network and Mitek. With more financial institutions offering ways for customers to pay bills, a feature like mobile bill pay helps distinguish those FIs looking to maximize opportunities through the fastest growing transaction channel.

Allied Payment Network notes that half of the customers who use PicturePay never took advantage of online bill pay services in the past. And a big selling point for the technology is the ability to pay using the mobile device’s camera rather than having to type out information on a keyboard.

The company was recently in the news with announcement of its partnership with ACI Worldwide to provide same day bill pay via PicturePay. Among the technology’s recent adopters is Ameriana Bank and, this year, Allied Payment Network announced its first credit union to deploy PicturePay.

Allied Payment Network teamed up with Mitek to present its PicturePay solution as part of the FinovateSpring 2013 event in San Francisco. See the company in action here.

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Finovate Alumni News– January 7, 2014

By Julie Muhn (@julieschicktanz) Posted on January 7, 2014
Categories: BancVue, Dwolla, Jack Henry, Numbrs, Q2, Q2ebanking, TSYS, Zopa

State of Iowa expands government payment partnership with Dwolla; Iowa DOT begins using service for IFTA and IRP.

Urban Partnership Bank introduces upbAnywhere, the New Virtual Banking Platform from Q2 (Q2ebanking).

ABL Advisor looks at BancVue’s BancAssets advising partnership with UHaul.

CEO Interview: Julien Arnold of Numbrs.

Zopa wins “Best Peer to Peer Lender” award from Moneynet Personal Finance.

TSYS announces partnership with Womply to provide TSYS Merchant Insights business analytics dashboard.

Jack Henry Banking to provide its clients with access to American Express’ FX International Payments service.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Mobile Monday: Reminding Customers to Make Mobile Number Primary

By Jim Bruene Posted on January 6, 2014
Categories: Capital One, Mobile Banking, Service

Now that mobile is on its way to becoming the dominant banking interaction channel, we are going to obsess on the nitty-gritty details this year, both here and in our Online Banking Report newsletter.

First up: How to get better mobile data into your CRM. By now many (most?) readers do a good job grabbing mobile numbers during new customer onboarding. But are you doing the same with existing customers? And even if you have a mobile number on file, is it the primary phone number on the customer’s account?

Capital One 360 (formerly ING Direct) is reminding customers at login to take a look at their account info on file. And furthermore, the bank has added a small reminder to make your mobile number primary, if desired (see screenshot below).

Bottom line: Having the best primary phone number is a small, but important, part of servicing customers effectively. My only quibble with Capital One’s implementation is that the reminder is easy to overlook as it’s buried mid-page in a small font with a blue “i” graphic. A more dramatic graphical treatment would improve the results.

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Capital One 360 login reminder page (30 Dec 2013)

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Image source: Mobile First webinar by Ken Fang posted on Howto.gov

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