ERN Launches Looop, a Transaction Analytics Engine

This post is a part of our live coverage of FinovateEurope 2013.

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ERN took the stage next to launch Looop, a platform that uses big data technology to leverage transactional data to send customers targeted offers:
“Looop is a unique, big data technology platform that brings together card payment and merchant data in real time to create value from every single transaction.
It provides transactional payment data analytics, insights, integrated and intelligent mCoupons, eReceipts and campaign management and tracking. All delivered through a smart phone app and cloud-based solution, to ensure rapid and secure global deployment across multiple jurisdictions.”
Product Launch: February 2013
HQ: London, UK
Founded: August 2011
Metrics: Funded by private high net worth individuals from the sector. 12 employees.
Website: ernglobal.com
Twitter: @ernltd
Presenting Dan Brassington (CEO), Andrew Rush (Head of Global Sales), and Anant Patel (Head of UK Sales)
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True Office Anti-Money Laundering App Goes Mobile

This post is a part of our live coverage of FinovateEurope 2013.
Bringing gamification to the field of regulatory and compliance training is our next presenter, True Office:

“By playing the True Office / Thomson Reuters Anti-Money Laundering desktop and mobile app, financial services employees are exposed to the regulatory risks they confront and learn how to comply with anti-money 

True_Office_hi-res.jpglaundering laws and company policies.

The data generated from this app provides financial services institutions with compliance analytics that help identify and reduce instances of AML risk.”

Product Launched: February 2013
HQ Location: New York, NY, USA
Company Founded: January 2010
Metrics: 20 employees; 30+ financial services compliance apps currently in production; winner of the 2012 Fintech Innovation Lab; seven-figure product development and distribution partnership with Thomson Reuters Accelus, extending its coverage to over 1,400 banks globally.
Twitter: @trueoffice
Presenting Adam Sodowick (Founder & CEO) and Andrew Neblett (Managing Director, Compliance, Audit & Risk, Thomson Reuters)
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Holvi’s Online Banking Service Connects Retail Customers with Banking Product Providers

This post is a part of our live coverage of FinovateEurope 2013.

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Next, Holvi demonstrated how users can take advantage of its partner ecosystem:

“Holvi connects retail customers and providers of banking and payments products in a seamless ecosystem. Holvi partners have created current accounts, among other uses, for election candidates to run their campaigns (Kokoomus, largest political party in Finland), entrepreneurship education (local chapter of Junior Achievement), and crowdfunding for cultural projects (Mesenaatti.me). 

Holvi online banking service is easy to tailor for specific verticals, by partners or the customers themselves. For providers of banking and payments products Holvi offers access to the long tail of retail customers.”
Product Launch: September 2012
HQ: Helsinki, Finland
Founded: 2011
Website: holvi.com
Twitter: @Holvi

Presenting Kristoffer Lawson (Co-Founder)
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Luminous’ BankFiling Helps FIs Increase Business Lending

This post is a part of our live coverage of FinovateEurope 2013.

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Afterwards, Luminous launched its loan origination solution:

BankFiling loan origination solution enables financial institutions to increase lending to business banking customers, while reducing risk.”

Product Launch: February 2013
HQ: Johannesburg, South Africa
Founded: 2009
Metrics: Luminous was the first to release a ground breaking solution to deliver in-depth, financial management reports for both the banks and their customers.
Twitter: @luminousbanking
Presenting Andrew Teversham (CTO) and Andrew Buchanan (Global Head of Sales)
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VoiceTrust’s inTalk Provides Voice Authentication Solution

This post is a part of our live coverage of FinovateEurope 2013.

VoiceTrust is coming to the stage right now. The company will be demonstrating its biometric security/identification solution:

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inTalk provides a simple, convenient and effective solution to the call center authentication problem by recognizing the customer’s voice and using voiceprint biometrics. inTalk passively listens to the person speaking, compares the speaker’s voice to the customer’s voiceprint, and provides identity feedback to the agent.
This is all done in the background during a normal, uninterrupted conversation in any language. A green light is displayed when the customer is recognized and a red light alerts the agent when inTalk detects the presence of an imposter.”
Product Launched: TBD
HQ Location: Montreal, Quebec, Canada
Company Founded: April 2008
Metrics: VoiceTrust eServices Canada Inc., formerly Perceive Solutions Inc., was acquired in December 2011 by VoiceTrust
Twitter: @voicetrust
Presenting Roanne Levitt (VP, VoiceTrust Canada) and Hermann Geupel (Managing Director, VoiceTrust Germany)
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EZBOB Brings Real Time Financing Options to E-Tailers

This post is a part of our live coverage of FinovateEurope 2013.
EZBOB is on its way to the stage now. The company provides real-time financing for e-commerce businesses in the U.K.:
“EZBOB uses a range of online data sources to analyze e-commerce businesses instantly.
In less than 10 minutes, the system will:

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  • Guide the seller through a simple, secure, quick, and seamless online application process
  • Assess the seller’s eligibility using our proprietary internal credit scoring system
  • Verify seller’s historical operating performance and assess seller’s ability to service debt
  • Verify seller’s identity to prevent fraud
  • Provide a customized financing proposal
  • Immediate transfer of funds’
EZBOB offers a customized financing proposal which is:
  • unsecured (personal or director guarantee)
  • short-term (3-6 months)
  • up to £45,000 per seller
  • cost of 2-7% per month
  • clear repayment schedule without early repayment penalties
  • no hidden fees and no covenants on seller’s business”

Product Launched: September 2012

HQ Location: London, United Kingdom
Company Founded: November 2011
Website: ezbob.com
Twitter: @ez_bob
Presenting Sharone Perlstein (Director & Co-Founder) and Tomer Guriel (Director & Co-Founder)
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PhotoPay Makes Real-Time Paper Bill Payment Mobile

This post is a part of our live coverage of FinovateEurope 2013.
Next to take the stage is Croatia-based PhotoPay:

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“PhotoPay and PDFpay are greatly improving 
the paper and electronic bill payment experience on mobile devices. PhotoPay uses a phone camera to extract payment data from paper bills and payment slips.   PDFpay is used to extract payment data from bills and offers received electronically (in PDF, HTML, or other electronic format), allowing very simple payment without manual data entry.
Our unique smartphone technology recognizes payment slips in real-time and intelligently extracts payment data in a few seconds from paper or electronic bills. And users love it – it is much simpler and up to 10 times faster than typing payment data.”
Product Launched: February 2012
HQ Location: Zagreb, Croatia
Company Founded: June 2011
Metrics: Our first bank customer has seen a 2,000% increase in mobile bill payments after implementation
Website: photopay.net
Twitter: @photopay
Presenting Damir Sabol (Founder and CEO) and Jurica Cerovec (CTO)
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CurrencyFair Unveils New Mobile App

This post is a part of our live coverage of FinovateEurope 2013.

CurrencyFairLogo.jpgAfter a short break, CurrencyFair is here to start off the second session of the morning here at FinovateEurope:

“With CurrencyFair’s new mobile app, it’s easy to make exchanges on the go, at the exact moment you choose. There will be a host of new features, such as the ability to set a rate alert when, for example, the rate available on CurrencyFair is better than the current market mid (interbank) rate.”
Product Launched: March 2013
HQ Location: Dublin, Ireland
Company Founded: April 2009
Metrics: £2 million equity funding raised; more than 15,000 registered users; more than £1 million exchanged daily on average; more than £300 million transacted to date
Twitter: @currencyfair
Presenting Brett Meyers (Managing Director) and Jonathan Potter (Director)
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Meniga’s New PFM Module Helps Users Decide if They Can Afford Certain Purchases

This post is a part of our live coverage of FinovateEurope 2013.

Thumbnail image for MenigaLogo.jpgWrapping up the first session this morning, Meniga demonstrated its platform that helps users make smart purchasing decisions:

To buy or Not to buy is a white-label module for mobile banking applications, that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something. 
It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would get if they save the money and use it to feed their goal instead.
One unique aspect of this innovation is allowing users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends.”
Product Launch: December 2009
HQ: Stockholm, Sweden
Founded: 2009
Metrics: $1.3M raised, 35 employees, cash-flow positive. European market leaders in white-label PFM solutions for retail banks with 10 implementations and with retail banks in Sweden, Norway, Finland, Germany, Poland, S. Africa, Russia and Iceland.
Website: meniga.com
Twitter: @meniga
Presenting Georg Ludviksson (CEO & Co-Founder) and Einar Gustafsson (VP Product Management)
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GMC Software Technology Launches Inspire Dynamic Statement

Thumbnail image for GMC_logo.jpgThis post is a part of our live coverage of FinovateEurope 2013.

As we near the end of the first session on Wednesday morning, representatives from GMC Software Technology are coming to the stage:

“GMC Inspire Dynamic Statement is an interactive and engaging way to present your customers’ statements, online or offline. Instead of the standard tabular statements, GMC Inspire can generate thousands of dynamic statements in minutes, presenting your customers’ data though attractive charts and graphs that are fully clickable.
Areas that require attention and action can be highlighted and customers can even drill down to granular level detail providing a fully intuitive service. GMC Inspire also allows you to track usage of every statement and use this data to populate relevant offers and marketing messages for every customer.”

Product Launched: March 28, 2013

HQ Location: Appenzell, Switzerland
Company Founded: 1994
Twitter: @gmc_net
Presenting Didier Rouillard (VP Product Marketing) and Tomáš Sedláček (Product Manager)
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IND Group Uses Real Life Situations to Reshape How Users Interact with Their PFM Platform

This post is a part of our live coverage of FinovateEurope 2013.

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Next, IND Group demonstrated how it is reshaping PFM:

“By placing the customers at the center, we have reshaped the traditional idea of PFM to meet the end-users’ everyday needs. 

Instead of functions and features we have developed stories that are real life situations, emerging in different stages of our lives and having financial impact, such as “Expecting a baby”, “Prepare for a rainy day”, “Buy a home”, “How to spend less” or “Retirement planning.” This entirely new approach in digital financial customer service takes online banking and financial management to the next level, offering mass retail financial planning and advice.”


Product Launch: 2013
HQ: Munich, Germany
Founded: 1997
Metrics: €12M in revenue in 2011. Staff of around 240 people, 7 offices, several partners and subcontractors around the world. 35 retail banks and financial institutions as clients.
Website: indgroup.eu
Twitter: @indgroup
Presenting József Nyíri (Founder & Chief Innovator) and Tamás Braun (General Manager, IND Group UK)
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Dynamics Launches ePlate, a Better Rewards Card, in UK

This post is a part of our live coverage of FinovateEurope 2013.

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Dynamics came up to the stage next, launching their ePlate device to enable consumers to build a better rewards card, in the UK:

Dynamics’ intelligent powered payment cards include a fully card-programmable magnetic stripe that can be re-written with each transaction to reduce fraud. Using Dynamics’ backend system, users can select from a list of rewards, to tailor their own experience.

Product Launch: February 2013
HQ: Pittsburgh, PA, USA
Founded: September 2007
Twitter: @DynamicsTweet
Presenting Jeff Mullen (CEO) 
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