Mistral Mobile Presents its Money Mobility Suite for Mobile Financial Services

By David Penn Posted on
Categories: FinovateAsia 2013, Mistral Mobile

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This post is part of our live coverage of FinovateAsia 2013.

Our final presenter of the first morning session is Mistral Mobile, with a demonstration of their Money Mobility Suite.

Money Mobility Suite from Mistral Mobile eliminates the technological barriers to providing mobile financial services. Money Mobility Suite is a mobile front-end solution that works on any phone, on any network and anywhere – allowing you to reach and serve more customers, with faster time-to-market, and higher cost efficiency than alternative solutions, driving your revenues and lowering your operating costs dramatically.
Presenting Peter Ollikainen (SVP Product Marketing) and Steven Frank (S.E. Asia Representative)

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Product Launch: Current version – November 2013
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platform providers
HQ: Finland
Founded: April 2012
Twitter: @MistralMobile

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Advanced Merchant Payments Debuts Its Small Business Lending Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: Advanced Merchant Payments, FinovateAsia 2013

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This post is part of our live coverage of FinovateAsia 2013.

Next, Advanced Merchant Payments (AMP) launched its online lending solution that helps banks provide a short-term lending product to their small business customers:

“AMP’s small business lending solution offers an efficient and scalable managed solution by which banks can readily originate and manage a broad portfolio of small business loans. AMP solves the problem wherein banks find short-term, unsecured, lending to their small business account-holders costly and inefficient. 
AMP’s platform utilizes existing communication methods (including commonly accepted file formats) to bridge the divide between the Retail Banking and Business Banking activities of a bank – without the costs and difficulties inherent in formal bank system integration. AMP can manage all or some stages of the loan process: from Qualification to Verification, Credit Scoring, Approval, Disbursement, Daily Repayment & Risk Monitoring, through to Completion.”
Presenting Thomas DeLuca (MD) and James Lloyd (Director of Product Management)

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Product Launch: November 2013
Metrics: More than $25M USD in loans to small businesses in Hong Kong, Singapore, and the Philippines – representing approximately 90,000 loan days and 60,000 repayment events.
Product distribution strategy: Through financial institutions
HQ: Hong Kong
Founded: April 2009

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Yodlee Launches Tandem App Internationally

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2013, Yodlee
This post is part of our live coverage of FinovateAsia 2013.

YodleeLogo2012.jpgNext, Yodlee took the stage to debut its Tandem app:

“Most people have multiple “shared finances” in their life. Spouses. Children. Elderly parents. Accountants. Advisors. Friends. So Yodlee is introducing Tandem – the first collaborative financial app that lets users securely establish and manage their social financial relationships. 
From tagging transactions, to sharing documents, to sending money, to collaborating with advisors and accountants, Tandem gives users the power to establish financial circles based on levels of trust and account sharing access. And Tandem gives financial institutions the ultimate mobile banking app.”

Presenting Katy Gibson (VP, Applications) and Melanie Flanigan (Head of Marketing)
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Product Launch: November 2013 (international)
Metrics: Yodlee is a global financial leader with 600+ customers, 50M+ users, and more than 700 employees worldwide. From leading financial institutions to Fortune 500 consumer service companies to the coolest startups, Yodlee powers innovative digital services shaping the future of customer interactions. With 25%+ year over year revenue growth, Yodlee continues to expand in existing and new markets globally.
Product distribution strategy: Direct to Business (B2B), through financial institutions & through other fintech companies and platforms
HQ: Redwood City, CA, USA
Founded: February 1999
Website: yodlee.com
Twitter: @yodlee

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Pixeliris’ CopSonic Uses Sonic Communication to Create a Universal, Contactless Mobile Payment Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2013, Pixeliris
This post is part of our live coverage of FinovateAsia 2013.

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Then, Pixeliris stepped up to demo its universal mobile payment solution:
“CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.
Our technology also allows the use of phones and smartphones for online passwordless authentication. It turns mobile devices into security dongles.
We have developed an SDK with our technology that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”

Presenting Emmanuel Ruiz (CEO & Head of Innovation) and Brian Roeten (Senior Product Manager)

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Product Launch: September 2013
Metrics: €210,000 in capital, 11 employees in France & 50 engineers around the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, and licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com

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SaaS Markets Presents the MarketMaker Enterprise App Store Platform

By David Penn Posted on
Categories: FinovateAsia 2013, SaaS Markets

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This post is part of our live coverage of FinovateAsia 2013.

Our second presenter of FinovateAsia 2013 is SaaS Markets. The team from San Mateo is here to show the MarketMaker Enterprise App Store Platform for Financial Companies.

“SaaS Markets’ MarketMaker Enterprise app store platform allows financial companies to deploy a fully branded app store containing your proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications.”
Presenting Jay Manciocchi (Director of Content) and Cameron Ministri (Enterprise Sales Manager)

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Product Launch: January 2013
Metrics: Funding: $3.5M (private); employees: 20+ (U.S. & Europe); revenues: confidential, but fully profitable
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: San Mateo, California, USA
Founded: November 2011
Twitter: @SaaSMarkets

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Kofax’s Solution Uses Multiple Channels to Enhance the Underwriting Process

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2013, Kofax
This post is part of our live coverage of FinovateAsia 2013.

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Next, Kofax showed how its omni-channel solution accelerates and enhances the underwriting process:
“Kofax is demonstrating how lenders can engage borrowers directly on mobile devices enabling them to interact with the loan origination process. Specifically when loans are not in good order and trailing documents are required, the solution engages customers providing them multiple channels to accelerate and supply the complex underwriting process. 
While mobile is the preferred channel, an omni-channel approach is realized using web, email, or fax. Additionally as these supporting documents are processed, analytics technology provides real-time dashboards and visibility across channels of customer engagement and adoption highlighting patterns, trends, bottlenecks, and efficiencies for right channeling customers and improved decisions.”
Presenting Drew Hyatt (SVP Mobility) and Dimitri Snowden (Visual Strategist)
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Product Launch: March 13, 2013
Metrics: Subsidiaries: 30 countries, Employees: >1,200, Channel Partners: 800+, Products: Available in 70+ countries, Customers: 20,000+, London Stock Exchange: KFX, Revenue: $262.5M, Adjusted EBITA: $48.5M, Adjusted Diluted EPS: $0.38, Cash: $81.1M
Product distribution strategy: Direct to Business (B2B)
HQ: Irvine, CA, USA
Founded: 1985
Website: kofax.com

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Payoneer’s Commercial Account Gives Businesses and Individuals Global Access to Their Funds

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2013, Payoneer
This post is part of our live coverage of FinovateAsia 2013.

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Then, Payoneer debuted its commercial account:
“The Payoneer commercial account offers businesses and individuals worldwide the ability to receive funds from a global network of corporate companies. Account holders have a variety of tools to access their funds, including low cost withdrawals to bank accounts worldwide, a Prepaid Debit MasterCard card that enables instant spending and ATM access, and options to transfer funds to local eWallets in select countries. 
The account can be managed from the Payoneer website or from a mobile application. Registration for the account is available via Payoneer’s website or directly from the website of companies that form the Payoneer commercial funds transfer network.”
Presenting Oded Zehavi (Chief Revenue Officer)

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Product Launch: October 2013
Metrics: 200+ employees, 1,000 Alexa, $40M+ in revenues for 2012
HQ: New York, NY, USA
Founded: 2005
Website: payoneer.com
Twitter: @Payoneer

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LifePAD Pledges a Personal Online Bank Manager in Every Tablet

By David Penn Posted on
Categories: FinovateAsia 2013, LifePAD

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This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Moscow-based LifePAD.

“LifePAD gives every customer an opportunity to have a personal online bank manager in his tablet that can be reached with any question 24/7.”


Presenting Alexey Mikhaylik (CEO) and Marina Lapshina (Coordinator)

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Product Launch: January 10, 2013

Metrics: Private funding $6M, life-pad.ru launched in 2013
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: Moscow, Russian Federation
Founded: October 2012
Website: life-pad.ru

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Matchi Debuts its Global Innovation Community

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2013, Matchi
This post is part of our live coverage of FinovateAsia 2013.

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Second up, Matchi launched its global innovation community platform:
“A global community innovation platform for the financial services industry that offers market ready banking innovations from across the globe and collaboration opportunities that have the potential to save the banks millions of dollars in development costs.”
Presenting Warren Bond (CEO, Matchi) and Gerrit Hoekstra (Chief Technology Officer)
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Product Launch: November 14, 2013
Metrics: Privately owned company with 10-50 employees
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: Hong Kong, China
Founded: 2013
Website: Matchi.Biz
Twitter: @matchi.biz

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Red Zebra Analytics Presents its Analytics Engine to Boost Customer Engagement

By David Penn Posted on
Categories: FinovateAsia 2013, Red Zebra

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This post is part of our live coverage of FinovateAsia 2013.

The first presentation of FinovateAsia 2013 is about to begin. Red Zebra Analytics are coming to the stage right now to demo the Red Zebra Analytics Engine.

“Suitable for any banking system, the Red Zebra Analytics platform is secure, fast, flexible and highly cost efficient. It maps consumer purchase behavior in detail, yet keeps the data entirely safe, with no individual customer identification ever leaving the bank. Retailers pay to upload campaigns via a simple interface while state-of-the-art predictive analytics deliver the right offer to the right customer at the right time and through the right channel. And for bank customers, it’s a way to save money on things they actually want.”
Presenting Manuel Ho (COO) and Nell Omar (MD)

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Product Launch: May 2012
Product distribution strategy: Direct to Business (B2B) & through financial institutions

HQ: London, United Kingdom
Founded: August 2011

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Majulah Fintech! Finovate Returns to Singapore

By David Penn Posted on
Categories: FinovateAsia 2013

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One of the world’s busiest ports, a leading global financial center, and featuring the third highest per capita income in the world … is there any wonder why we are back in the sovereign city-state known as “Lion City” for FinovateAsia 2013?

There are less than 24 hours to go before the curtain goes up on our second show ever here in Singapore, and presenters are busy putting the final touches on their demos. 

When
Registration opens at 8:00 AM and the first demo session starts at 9:00 AM, so be sure to come early and get your seat before the first session. 

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Where to Go
Walk, bus, drive, or cab to the MAX Atria @ Singapore Expo (1 Expo Dr. Singapore 486150). If you’re unable to make it, there are still a couple of different ways to enjoy the show:
Live Blog
As we do at every Finovate event, the Finovate research team will be posting all day long, live, from the MAX Atria at Finovate.com.
We’ll document each and every presentation in real time, highlighting the innovations, key metrics, and business strategies that will help bring the benefits of the latest in financial technology to banks, businesses, and consumers around the world.
Live Tweet
And for those who prefer their FinovateAsia updates in 140 characters or less, the Finovate Twitter feed is the place to be. Follow us at @Finovate, and use the #Finovate in your tweets to take part in the conversation.
Presenters
This year, 36 companies will demo a wide range of fintech innovations ranging from security and lending to mobile payments and asset management. Below is a look at the startups and veteran enterprises that will be presenting at this year’s event.
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Everything you want to know about FinovateAsia 2013 is available at our FAQ page here. And, as always, feel free to email your questions to us at info@finovate.com. We are grateful for your support and can’t wait to see you here in Singapore.

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Bill.com Rakes in $38 Million in Series E Funding from Long List of Investors

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com, Funding

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Bill.com, the company that brings online invoice, cashflow management, and bill pay solutions to its 275,000 users announced today that it raised $38 million in Series E funding.

Among the many investors in this round are:

    • American Express
    • August Capital
    • Bank of America
    • Fifth Third Capital
    • Peter Knight, founder of CheckFree (acquired by Fiserv in 2009)
    • Scale Venture Partners

This funding, combined with Bill.com’s previous rounds, brings the Palo Alto-based company’s total funding to over $70 million.

Bill.com, which manges more than 10 million bills per year worth more than $12 billion, will use the new installment to enhance its growing banking channel and accelerate its payments network.

Bill.com demonstrated its CashView product at FinovateSpring 2012.

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