Innovation Agency Crowdsources Innovation through Community Collaboration

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Innovation Agency
This post is part of our live coverage of FinovateEurope 2014.

Next, Innovation Agency took the stage to demo its approach to innovation in financial services: "Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting.  It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Our judging, recognition/reward process, and digital persona releases are our primary focuses at FinovateEurope." Presenting Sean O'Reilly (CTO) and Rory…

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Money on Toast Debuts Holistic Financial Advice Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Money on Toast
This post is part of our live coverage of FinovateEurope 2014.

Then, Money on Toast demonstrated how its Doughbot delivers holistic financial advice: "Money on Toast delivers independent and whole of the market FCA-regulated financial advice online via an algorithm-powered adviser, Doughbot. Clients can obtain advice on investments, pre and at-retirement planning, protection and inheritance tax.  How it works: The online system guides the customer through a series of questions, assessing a number of different factors just as a human adviser would. Doughbot then produces a comprehensive electronic suitability report detailing what has been recommended, which is emailed to the client. Clients can then click through and buy these products directly online. All interactions are electronically tracked, providing a complete compliance trail." Presenting Charlie Nicholls (Founder & Managing Partner) and Catharine Dodd (Project Manager)  Product Launch: May 2012  Product distribution strategy: Direct to Consumer (B2C), through financial institutions HQ…

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ITSector’s Commercial Sales GPS Helps Out Financial Institutions’ Sales People

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, ITSector
This post is part of our live coverage of FinovateEurope 2014.

Starting off the final session today, ITSector debuted its Commercial Sales GPS to help out financial institutions' sales teams: "Commercial Sales GPS offers financial institutions' sales teams a solution to guide all commercial effort, including mobile access from everywhere. The main aim of the solution is to provide global information for commercial activity, including: Windows 8 Mobile Tablet - front end for accessing maps and detailed management information and Proactivity map Action Tool for Commercial Managers - guidance for commercial effort Tool for achieving Cycle Proactivity - planning, scheduling, preparation, and report overview The software, based on Microsoft Dynamics CRM, will cover the main activities of the sales process, from account planning, all the way through visit scheduling, preparation, and execution up to monitoring." Presenting João Pinto (Director) and Vitor Barros (IT Architect)
Product Launch: February 2014 Metrics: €9M…

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Temenos Presents its Treasury Management Dashboard Tablet App

By David Penn Posted on
Categories: FinovateEurope 2014, Temenos

This post is part of our live coverage of FinovateEurope 2014.

From Geneva, Switzerland, the team from Temenos is up next with their solution for managing treasury operations.

"The Temenos Treasury Management Dashboard Tablet App has been developed for Microsoft Windows 8 and enables the transformation of treasury operations. It provides a dynamic dashboard user interface, accessing real time, accurate business-critical information in relation to the bank's overall position against the market, enabling them to spot opportunities and manage risk from wherever they are and at any time.  This app allows better access, increased mobility, and stronger collaboration for information sharing in the workplace whilst enabling treasury managers to be far more responsive and effective in making critical business decisions - ultimately producing higher returns and managing risk." Presenting Adam Gable (Product Manager) and Mike Williams (Sales Director, Temenos Channel Solutions) Product Launch: May 2014 Metrics: 3,700 employees worldwide; 1,500…

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Intuition Intelligence’s Smart Offers Solution Helps Banks Bring Users Relevant and Targeted Offers

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Intuition Intelligence
This post is part of our live coverage of FinovateEurope 2014.

Next, Intuition Intelligence demonstrated its Smart Offers platform: "Smart Offers markets Bank Products and Merchant Offers embedded in Super Relevant financial content.  The financial content matching a customer's life cycle serves as a powerful trigger to act on the Super Relevant Bank Products and Merchant Offers. The customer Analytical feedback to Banks is a powerful lead generation tool providing deeper insights on customer likes and needs. Smart Offers solution sources a huge volume of offers from the open coupons and deals networks. The Bank manager portal enables financial institutions to view, select, and approve offers. 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 or friction. Thus, banks experience higher conversion on a scale never seen before, resulting in dramatic increases in…

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BehavioSec’s Adaptive User Authentication System Removes the Burden of Security from the End User

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

Then, BehavioSec demonstrated how its system can remove the burden of security from the end user: "User-friendly, adaptive user authentication via risk based authentication, or behavioural biometrics, and the reality of legacy systems at our current customers. BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy based behaviour authentication actions. This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user." Presenting Neil Costigan (CEO) 
Product Launch: April 2012 Metrics: €1.5M, 12 employees, university spin out Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed HQ: Stockholm, Sweden Founded: May 2009 Website: behaviosec.com Twitter: @behaviosec

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Luxoft Helps Banks Give their Clients a Single Place to Track their Investments

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Luxoft
This post is part of our live coverage of FinovateEurope 2014.

Next, Luxoft demonstrated iStockTrack, an app that gives users a single place to connect with their investment life: "iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients. iStockTrack features include client consolidated wealth view, investment portfolio monitoring, personal adviser video call and chat, 24/7 individual banking services, instant market data and news, and macroeconomics dashboard - all in one app!" Presenting Przemyslaw Berendt (VP Global Marketing)
Product Launch: May 2013 Metrics: 7,000+ employees, 19 offices worldwide, 130+ clients, 300+ successful projects, revenue CAGR 26% FY 2011 to FY 2013 Product distribution strategy: Direct to Business (B2B) HQ: Zug, Switzerland Founded: 2000 Website: luxoft.com Twitter: @Luxoft_tweets

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Meniga Launches MarketWatch to Offer a New Revenue Stream for Banks

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Meniga
This post is part of our live coverage of FinovateEurope 2014.

Next, Meniga demonstrated its MarketWatch technology: "The MarketWatch offers Financial Institutions a unique way to analyze financial data that lives within their systems. Complementary to Meniga's PFM Solution, the MarketWatch enriches the transactional data and is a real-time, transaction-based analytics platform for industry-specific market intelligence and reporting. The superior market intelligence provided by the MarketWatch can be offered by banks to retailers for competitive analysis or to improve tactical decision making thereby creating a new revenue stream." Presenting Georg Ludviksson (CEO & Co-Founder) and Einar Gustafsson (VP Product Management) Product Launch: February 2014 Metrics: $8 million raised. 70 employees. Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation online banking solutions. The Meniga PFM Solution has been implemented by more than 15 financial institutions in 11 countries, reaching well over 10 million…

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Cardwise’s Xpenditure Automates Expense Management

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardwise, FinovateEurope 2014
This post is part of our live coverage of FinovateEurope 2014.

Second up this afternoon, Cardwise demonstrated how Xpenditure can automate expense reports: "Xpenditure is a web based expense management solution that eliminates expense reports for a company. By automating all steps of the expense management process and making use of receipt scanning and integrated approval on the level of expense, Xpenditure makes it possible to manage all daily costs without creating ordinary expense notes - all without long and expensive implementation costs." Presenting Wim Derkinderen (CCO & Co-Founder) and Koen Christiaens (Head of Product)  Product Launch: February 2013 Metrics: €1.8M in Funding (Angel), 15 Employees, €1.3M in revenue for 2013 Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms HQ: Mechelen, Belgium Founded: April 2011 Website: xpenditure.com Twitter: @xpenditure

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NF Innova Presents its Personal Experience Module to Boost Customer Engagement

By David Penn Posted on
Categories: FinovateEurope 2014, NF Innova

This post is part of our live coverage of FinovateEurope 2014.

Making their way to the stage now is the team from NF Innova, a software company that specializes in omni-channel customer interaction products.

"Personal Experience Module, a part of iBanking product suite, enables banks to offer their customers a truly unique and tailored user experience. Namely, instead of static, CRM-based rules used for segmentation, this module provides for the adaptive behavior of the entire system, tailoring the user interface for each individual client, without the administration by the bank's staff.  It monitors the subscribed products and services, user's behavior on the digital touch points (portal, mobile devices, etc.), and automatically provides the exact mash-up of functionalities that are most appropriate for the specific customer at the given time and the communication device." Presenting Eldar Banjica (CEO) and Dejan Petkovic (Director, Products & Strategy) Product Launch: iBanking:…

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Payworks Provides Robust Checkout Options

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, payworks
This post is part of our live coverage of FinovateEurope 2014.

Taking the stage just before lunch, payworks showed how its platform can facilitate robust payment capabilities: "We are showing how easy it is to build innovative payment solutions on top of the payworks platform and showcase stunning checkout options." Presenting Christian Deger (CEO) and Michael Englmaier (Head of Sales)
Product Launch: Summer 2012 Metrics: 15 employees, winner of MPE Award for most innovative payment startup Product distribution strategy: Direct to Business (B2B), through financial institutions HQ: Munich, Germany Founded: April 2012 Website: payworksmobile.com Twitter: @payworksmobile

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Tink Launches its Personal Finance Service Internationally

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014, Tink
This post is part of our live coverage of FinovateEurope 2014.

Next, Tink launched its platform to help users follow their finances: "Tink is a free personal finance service that allows you to follow your money, wherever you are! The service automatically collects and categorizes up to 2 years of historical transactions and assets from the banks you decide to connect. Once connected, Tink presents your expenses and incomes, suggests budgets, sends alerts, and gives you a personalized feed. Tink removes all the unwanted noise, highlights what's important, and provides intelligent insights into your finances. Following your money with the Tink feed is as effortless as browsing your Instagram feed!" Presenting Daniel Kjellén (Founder & CEO) and Fredrik Hedberg (Founder & CTO)
Product Launch: September 2013, international launch: 2014 Metrics: 10 employees Product distribution strategy: Direct to Consumer (B2C) HQ: Stockholm, Sweden Founded: June 2012 …

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