Mobexo Presents its Mobile Payment System Providing Instantaneous and Secure Fund Transfer

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

The team from Mobexo is making their way to the stage right now.

“Mobexo seamlessly connects businesses and their customers. The Mobexo mobile payment application allows business owners to create customized and targeted promotional campaigns via the Merchant Portal to reach their customers when they want to and how they want to. 
Personal Mobexo users then have the ability to apply these offers when they pay using the application. Every time a user checks out using Mobexo, it will notify them when they have offers to apply to their payments. In this way, Mobexo is a tool that enlivens the connection between consumers and businesses.”
Presenting Sopheap Lao (CEO) and Jean-Marc Ly (Communications Manager)

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Product Launch: February 2012
Metrics: $1.8M USD raised to date, 60+ person team in 3 countries (Hong Kong, China, and Vietnam)
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: Hong Kong
Founded: October 2010
Website: mobexo.com
Twitter: @Mobexo

Luminous Debuts its Virtual Safety Deposit Box, Data Vault

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

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Then, Luminous debuted how its Data Vault can increase page visits from customers:
“DataVault is an electronic 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.”

Presenting Andrew Teversham (CTO) and 

Warren Bond (CEO)

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Product Launch: 2013
Product distribution strategy: Through financial institutions
HQ: Johannesburg, South Africa
Founded: 2009
Twitter: @luminousbanking

Mambu Takes a Cloud-First Approach to Running End-to-End Operations for Banks

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

Our next presenter is Mambu:

“Mambu is a native cloud SaaS banking application. Built entirely for the web with a ‘cloud-first’ approach, our product runs the end-to-end operations that a bank needs, from loan and deposit product creation and servicing, to client relationship management and reporting. It does this entirely online and with a business and delivery model that allows any financial institution of any size to rapidly access state-of-the-art banking technology in the cloud, at a fraction of the cost and time of a traditional core banking solution.”
Presenting David Hamilton (President) and Eugene Danilkis (CEO & Co-Founder)

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Product Launch: May 2011
Metrics: Since 2011, we’ve raised nearly $3M in venture funding. We have offices in Berlin, Iasi, London, Geneva and will be establishing offices in Manila and San Jose (Costa Rica) in the next 12 months. By the end of 2013, we will have more than 20 employees. We currently work with over 100 financial institutions in 26 countries, helping them service a portfolio of over $100M.
Product distribution strategy: Direct to Business (B2B)
HQ: Berlin, Germany
Founded: December 2011
Website: mambu.com
Twitter: @mambu_com

GMC Software Technology Debuts Inspire Research Portal for Investors to Streamline the Wealth Management Process

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

Coming to the stage for the first of two separate presentations here at FinovateAsia is GMC Software Technology.

“GMC Software Technology is proposing Inspire Research Portal for Investors. Wealth management groups, investment companies and banks have their own team of market researchers who would study the markets and provide their findings to investors on what they could do to secure or enhance their investments. But the current process is too manual and prone to errors. GMC Software Technology has researched and identified that there is a need to streamline this process, as there is no centralized platform or a total solution which could fulfill all these requirements.”
Presenting Matthias Kraaz (Technical Director, APAC) and Kelvin Huang (Assistant Manager, Professional Services)

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Product Launch: November 14, 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Appenzell, Switzerland
Founded: 1994
Website: gmc.net
Twitter: @gmc_net

Intuition Intelligence Launches Smart Offers Solution

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

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Then, Intuition Intelligence launched its Smart Offers solution:
“The Smart Offers solution sources a huge volume of offers from the open coupons and deals networks. Merchants can upload offers via a merchant portal in the back end. There is also a bank manager portal that enables financial institutions to view, select, and approve offers they want delivered to their customers. Plus, banks and merchants will get offer analytics.
On top of that, Smart Offers’ iCube Super Relevancy engine learns user intent in click time and delivers super relevant offers at the right moment via digital channels without spam and friction. Thus, banks experience higher conversion on a scale never seen before, resulting in dramatic increase in revenue.
Smart Offers solution can be easily integrated to existing infrastructure, can be hosted on-premise or by software-as-a-service model.”
Presenting Arif Ansari (CEO) and Yusuf Ansari (COO)

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Product Launch: November 2013
Metrics: 20 employees in California & India
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, and licensed
HQ: Dublin, CA, USA
Founded: October 2013

Mobino Debuts the International Version of its Universal Mobile Payments Solution

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

Making their way to the stage in our first presentation after the noon lunch break is Mobino. The company is debuting its universal mobile payments solution.

“We are introducing the international version of the Mobino application, available in 5 languages and 50 currencies.
  • Various scenarios will be outlined:
  • Peer-to-peer money transfer
  • Payment for goods and services in shops
  • POS and cash register integration
  • Quicker and safer e-commerce payments
  • Fluid payment flow for mobile commerce
  • Cheap and efficient international remittances
  • Registration and KYC process for unbanked
  • Cash-in and cash-out operations at agents
We are looking for distribution partners and investors in the Asia Pacific region in order to prepare service launch.”
Presenting J.F. Groff (CEO) and Sabrina Bailly (Evangelist)

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Product Launch: November 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, and licensed.
HQ: Geneva, Switzerland
Founded: March 2011
Website: mobino.com
Twitter: @mobino

KlickEx Launches Crypto-Currency 2.0: A New Global Asset-Backed Currency

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

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In the final demo before lunch, KlickEx debuted its crypto-currency for central banks:
“After extensive testing in the Pacific, KlickEx is pleased to announce the development of a new asset-backed and algorithmic crypto-currency for institutional and retail use. A stable, international, risk-free asset is a key foundation for efficient financial markets, and KlickEx’s award-winning interbank payment network has an exemplary track record in stability, and efficiency. Having eradicated the significant systematic deficiencies of Bitcoin, then bridged the portfolio limitations of the IMF’s SDR, the new base asset is a proactive response to recent negative public sentiment towards banking in general, and recent global events including the GFC, Euro-Crisis, BASEL II, III, and fiscal & political instability in Prime currencies. 
KlickEx believes in efficient, effective, and accessible financial markets. Our products enhance transparency, stability, inclusion, and systematic velocity by eliminating counter-party risks from central bank balance sheets, informal remittance networks, and mitigating cash inefficiencies for commercial banks, mobile operators and regulators. KlickEx has taken the best, and made it better.”

Presenting Robert Bell (Manager of Operations) and Brett Waterson (CTO)

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Product Launch: November 2013
Product distribution strategy: Distribution begins with use-case pilots, followed by structured phase-in programs with Central Banks and local (sovereign) government entities, then Commercial and Clearing Banks. Finally, KlickEx engages Mobile Telcos and then directly to retail users. The process usually takes 6-60 weeks to go through, depending on the country.
HQ: New Zealand
Founded: 2009
Website: KlickEx.org

Backbase Debuts Social Media Capabilities of Bank 2.0 Portal

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

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Next, Backbase launched the social media capabilities of its Bank 2.0 Portal:
“We are launching the all-new social media capabilities of our Backbase Bank 2.0 Portal. With the new social media features, it is possible to integrate directly with social networks such as Facebook, bring deeply integrated social capabilities to the bank’s secure internet banking platform and push the bank’s internet banking platform as an app to Facebook.
The new key features include Social Login, the ability to use social information to target users within the internet banking platform, or to retarget across platforms, the power to employ Friends’ information and behavior to promote special offers (10 of your friends also have this credit card, apply now!), and the functionality to create and manage Facebook apps directly from the Backbase Portal Manager.”

Presenting Edwin Koh (GM, APAC) and 

Jelmer de Jong (Global Head of Marketing)

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Product Launch: October 2013
Metrics: Privately funded, 150+ employees, offices in New York, Amsterdam, London, and Singapore
Product distribution strategy: Through financial institutions & licensed
HQ: Amsterdam, The Netherlands
Founded: April 2003
Website: backbase.com
Twitter: @backbase

Dragon Wealth Debuts its SMAC App to Help Advisors Serve High Net-Worth Clients

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

Our next presenter is Dragon Wealth. Their innovation is the Dragon Wealth SMAC App.

“Dragon Wealth SMAC app is a solution that enables wealth management advisors to make smarter, well-informed recommendations to their high net-worth clients. The solution takes advantage of the cloud to analyze big data and select social media via a social mobile analytics platform to deliver a customized dashboard via a tablet application. 
Wealth management advisors and their clients will have transparent access to at-a-glance information on their investment behavior, peer group comparisons, and expert reports to make informed decisions on investments. Financial institutions get to easily customize the platform to suit their unique needs and requirements.”


Presenting Bert-Jan van Essen (MD & Co-Founder) and Dana Ritter (MD & Co-Founder)

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Product Launch: November 13, 2013

Metrics: S$500,000 funding, founded by former CIO Private Banking APAC, Credit Suisse & Head Advisory Systems APAC, Credit Suisse
Product distribution strategy: Direct to Business (B2B), through financial institutions & licensed
HQ: Singapore
Founded: June 2013
Twitter: @bertjanarosa / @danaritter3

Tootpay’s mPod Mobile Payment Solution Helps Remove Barriers to Mobile Banking

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

Making their way to the stage next is the team from Tootpay with their mPod Mobile Payment Solution.
“Tootpay’s solution is based on an overlay chip for the customer’s mobile phone. The overlay chip is a stick-on solution that fits onto any standard SIM card of a GSM handset. A menu-based interface is deployed for simplicity and ease of use. It’s not internet or telco dependent and deploys with multiple authentication methods and end-to-end encryption to provide a high level of security for its mobile transactions. As such, barriers to mobile banking such as mobile phone handset incompatibility, dependency on telco service providers, non-existent mobile internet network coverage, fraud, and more are minimized.”
Presenting Balvinder Singh (MD) and Kok Hoong Choo (Application Development Director)

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Product Launch: January 2011
Metrics: More than 500,000 mobile users of banks in Indonesia, Malaysia & Thailand are utilizing Tootpay’s mobile payment solution.
Product distribution strategy: Through financial institutions and through other fintech companies and platforms
HQ: Singapore
Founded: November 2010
Website: tootpay.com

IND Group Debuts Essence Mobile Banking

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

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Next, IND Group launched Essence mobile banking:
“How they describe their product/innovation: To adapt to younger generations’ requirements, IND Group delivers a best-in-class banking app with an innovative drive. With IND’s next generation mobile banking, Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure. 
The application offers more than just transactional banking: based on customers’ life situations banks are able to deliver personal, targeted offers, turn data into relevant, visualized information, and provide a user experience like never before, turning mobile banking into their primary engagement and sales channel.”
Presenting József Nyíri (Chief Innovator & Founder), Tamás Grünzweig (Head of Innovation) and Viktor Bálint (Head of Marketing & Communications)

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Product Launch: November 2013
Metrics: €12M in revenue, 8 offices, 225 employees, 40 retail banks & financial institutions as clients
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms, and licensed
HQ: Munich, Germany
Founded: October 1997
Website: indgroup.eu
Twitter: @indgroup

Arkalogic Debuts Moneta, a Seamless Payment System for Bank and Telco Customers

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

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Then, Arkalogic debuted Moneta, its latest payment system:
“For Arkalogic Transaksi, a mobile financial solution must be cost efficient for institutions. It must also be amusing and help consumers as opposed to confusing and taxing them. Advanced yet simple technology combined with great design of customer experience and meticulous customer care are the key ingredients to Arkalogic Transaksi’s latest solution, Moneta.
Moneta’s dream essentially is to create a mass and “seamless” payment system for bank and telco customers in the form of combined mobile wallet, e-money, mobile payment, and mobile commerce, in Indonesia and globally.
With one registration and with one platform that is easy for partners to integrate into their existing system and for end consumers to ‘plug and play,’ Moneta believes that transactions and life should be simple and secure. Always.” 
Presenting Aryo Karbhawono (CEO), John Chard (Chief Strategy Officer), and Kemal Idris (Chief Product & Commercial Officer)

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Product Launch: October 2013
Metrics: $10M funds raised to date, 15-20 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) & through financial institutions
HQ: Jakarta, Indonesia
Founded: April 2013