InterAcct Launches EZYsecure, SecurePay

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Next, InterAcct launched EZYsecure:

“The InterAcct product suite encompasses self-care, mobile banking/payments, direct handset reload, authentication and secure messaging for Mobile Network Operators and financial institutions.”

Product Launch: November 2012
HQ: Singapore
Founded: 2001
Metrics: InterAcct is a privately held Singapore registered company
Website: iasgrp.com
Finovate demo video: Demo videos will be posted next week
Introducing Chris Eyles (Group CEO)

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BankersLab Launches ScoringLab, Flight Simulator for Bankers

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Then, BankersLab showcased ScoringLab:

“ScoringLab is simulation-based classroom training for bankers that addresses the usage of credit scores in retail banks. In ScoringLab, players are pitted against each other to operate virtual banks. That’s right – flight simulators for bankers! Although scores are used globally, it can be difficult to diagnose and understand customer trends, shifts, and impacts to model efficacy. 

First, players must make portfolio underwriting decisions, and as the portfolio matures, manage the effects of external influences on customer behavior and model performance. The challenge is to run the most profitable bank with the most satisfied customers. May the best team win!”

Product Launch: November 2012
HQ: San Diego, CA, USA 
Founded: April 2011
Metrics: Global Headquarters – San Diego, California; Asian Headquarters – Bangkok; Additional Offices – Dubai, Sao Paolo, Seoul; Number of Employees – 10; Investors – Private, Founders Capital; Money Raised – $300,000; Products Introduced: CreditLabTM introduced at FinovateSpring 2012; ScoringLabTM & Banc-itTM: Scoring Edition to be introduced at FinovateAsia 2012; CollectionLabTM to be introduced in October 2012
Twitter@BankersLab
Finovate demo video: Demo videos will be posted next week
Introducing Michelle Katics (CEO) and Kurt Gingher (CTO)

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Wipro’s SmartOffers Solution Helps FIs Provide Customers the Right Offer at the Right Moment

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Second, Wipro debuted its SmartOffers Solution:

“The Wipro SmartOffers Solution powered by Intuition Intelligence’s iCube Super Relevancy engine provides bank customers with the right digital offers at the right moment that they can redeem at merchants for benefits/discounts at the time of purchase. 

These offers are merchant or bank funded at the bank’s preference. The main differentiator of the SmartOffers solution is that unlike the aggregator-centric models currently in practice in the market, the solution champions the bank-centric offer model. Wipro believes the aggregator-centric model does not bring significant benefits to the bank or the bank’s customers and banks actually face significant disadvantages since the aggregators control the entire lifecycle of offer creation and consumption. 

Aggregators can also access significant customer spend and preferences data, which they may or may not be willing to share. Banks, therefore, are left only as participants in the entire value chain. The Wipro solution intends to give the power back to the bank.”

Product Launch: November 2012
HQ: Bangalore, Karnataka, India
Founded: 1945
Metrics: 135,000 employees and clients across 54 countries
Website: wipro.com
Twitter@Wipro
Finovate demo video: Demo videos will be posted next week
Introducing Sushankar Daspal (Mobility Practice Head) and David Breitling (Mobility Domain Head)

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BellaDati’s Social Network for Business Data Analysis Changes the Way Business Users Interact with Data

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Starting things up after lunch, Bella Dati demoed how its analytics and reporting tool helps businesses interact with data: 

“BellaDati is an agile analytics and reporting cloud tool that reinvents the way in which business users can interact with data. All you need is a web browser or mobile device. 

It turns ATM, mobile, e-banking, sales or fraud data into the visualized reports and dashboards. BellaDati data-warehouse includes ready connectors for huge databases and services like Oracle, SalesForce, Facebook, Intuit Quickbooks or a simple Excel spreadsheet. 

The solution brings three layers of innovation– for management, analyst and developer. Heads of retail and operations in banks can consume and comment on charts and tables in reports via their iPad/iPhones. Analysts can drill-in and slice data to create regional ATM reports without coding.”

Product Launched: End of 2011
HQ: Prague, Czech Republic
Founded: 2006
Product Demoed: BellaDati
Metrics: Financed by enterprise software integration company TRGIMAN; 20 employees; customers from insurance, mining & retail industries; customers from large retailers, financial services & small shops with 20 employees
Website: belladati.com
Twitter@belladati
Finovate demo video: Demo videos will be posted next week
Introducing Martin Trgina (CEO & Founder) and Lubomir Micko (CTO)

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Smart Engine’s Loyalty Platform Benefits FIs, Merchants, and Users

smartenginelogo.jpgConcluding the session before lunch, Smart Engine took the stage with its loyalty platform:

“Smart Engine is demonstrating the end-to-end process of offer creation, personalization, delivery to the bank’s client via smartphone, acceptance, purchase in accordance with the offer details, and merchant campaign reporting.

The tool can create personalized offers for new customers who are similar to existing customers by using metrics like number of times they shop, how much they spend, and their geolocation.”

Product Launch: Q2, 2011
HQ: Vienna, Austria
Founded: December 2010
Metrics: Number of employees: Vienna, Austria (HQ) – 28, Moscow, Russia – 8
Finovate demo video: Demo videos will be posted next week
Introducing Christian Bacher (Managing Partner) and Anna Bacher (Director Technology & Innovation)

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DemystData’s Credit-in-a-Box Uses Big Data to Help FIs Make Better Lending Decisions

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Next, DemystData took the stage with its Credit-in-a-Box Suite:

“DemystData’s Credit-in-a-Box suite enables financial institutions to leverage the power of big data and machine learning to make better lending decisions. As customer information becomes available, the DemystData API provides for real time aggregation of thousands of publicly available attributes from sources including social networks and online searches and returns this data in a structured, easy to comprehend format. Transparent, modern day scores analyzing factors such as customer identity and behavior provide lenders with an additional mechanism of knowing who their customers are and measuring financial risk and customer value.”

Product Launch: November 2011
HQ: Hong Kong, China
Founded: June 2010
Metrics: Series A Investment
Twitter@demystdata
Finovate demo video: Demo videos will be posted next week
Introducing Mark Hookey (Founder) and Oliver Meyrick (Managing Director, Europe & Asia)

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Tagit Shows How Mobeix Open Platform Helps FIs Build, Launch, and Manage Their Own Apps

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Then, Tagit showcased its Mobeix Open Platform:

“In the last 4 years, Tagit Mobility Platform, Mobeix, has been adopted by several leading enterprises. But, we believe mobility should be for all – large, medium and small enterprises. 

With this vision, we started our journey to build the “Mobeix Open Platform” through which enterprises can build, launch and manage apps on their own. Using the Tagit Open Platform, merchants and enterprises will be able to develop and deploy apps for their customers and employees in no time. We will demonstrate how easy it is for anyone to register on this platform and start building apps.”

Product Launch: December 2012 (Currently in Beta)
HQ: Singapore
Founded: August 2004
Metrics: 20 customers across 10 countries and 3 continents
Twitter@tagitmobile
Finovate demo video: Demo videos will be posted next week
Introducing Parikshit Paspulati (CTO) and Neelima Subramanyam (CPO)

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UBank’s People Like U Enables Customers to Compare Their Spending Habits With Others

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After, UBank debuted People Like U:

“Econography is the study of spending profiles of a population of a region and the culture of its people, down to the postcode level, including consumer and business spending by age, location, family status, income, and spend. Econographic trends describe the historical changes in spending (for example, the average spending in a category such as “Eating Out” may increase or decrease over time). People Like U is an econographic tool that gives consumers the ability, for the first time, to compare their own spending to the actual spending habits of other Australians.”

Product Launch: November 2012
HQ: Sydney, Australia
Founded: October 2008
Website: ubank.com.au
Finovate demo video: Demo videos will be posted next week
Introducing Jennie Bewes (Digital Director)

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Figlo launches Tablet Solution for Financial Product Advice

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Next, Figlo demonstrated how its consumer portal can help FIs engage customers:
“Figlo announced the global launch of their tablet solution for Financial Product Advice. Figlo offers insurance companies a leading edge tablet application for financial product advice which gives a quick overview of the client financial situation and facilitates product advice and sales. 
The tablet solution will push the boundaries of current financial product advice in the insurance and bancassurance industry, and shows how it can help advisors and sales agents to provide more transparent and interactive advice to their customers. The application integrates with Figlo’s applications for personal financial planning and personal finance management for complete financial insight. Through a secure connection with an existing CRM system, mid- and back office basic client data is already pre-filled.”
Product Launch: Q2, 2012
HQ: Capelle aan den IJssel, Netherlands
Founded: October 1996
Metrics: Founded and funded by 7 shareholders. 82 employees in the Netherlands, a development team in the Philippines, used by more than 15,000 financial advisors and 2 million consumers.
Website: figlo.com
Twitter@Figlo
Finovate demo video: Demo videos will be posted next week
Introducing Stu Garrow (Managing Director, TechInject)

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SocietyOne Launches Smartphone Loan Application Solution

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Then, SocietyOne debuted a solution that simplifies the loan application process:

“SocietyOne is launching a smartphone loan application channel solution that simplifies the process of applying for a loan and minimizes manual data entry requirements by leveraging the customer’s third party data. ClearMatch’s credit decision engine is being enhanced to cater for new metrics and behavioral attributes of consumers in the loan provisioning and pricing process.”

Product Launch: August 2012
HQ: Sydney, Australia
Founded: May 2011
Metrics: SocietyOne has paid up capital of $6.3M and 15 employees. For its initial market deployment in Australia, over $100,000 in loans is being submitted to the platform on a daily basis and matching investor underwriting funds are being registered on it.
Twitter@mysocietyone
Finovate demo video: Demo videos will be posted next week
Introducing Matt Symons (CEO & Co-Founder) and Greg Symons (COO & Co-Founder)

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Fiserv Shows Off Mobiliti Reach Mobile Banking and Payments Platform

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Third, Fiserv launched Mobiliti Reach:

“Mobiliti from Fiserv is the world’s most deployed mobile banking and payments platform. Mobiliti Reach aims to make financial services simultaneously available to banked and unbanked consumers alike in emerging and fast-growing markets. It includes a comprehensive payments engine to enable person-to-person payments, bill presentment and payments, and top up and merchant payments.”

Fiserv announced last week that ACLEDA Bank, the largest bank in Cambodia, is using the Mobiliti Reach solution.
Product Launch: November 2012
HQ: Brookfield, WI, USA
Founded: 1984
Metrics: $4.3B revenue; 20,000 employees; 16,000 financial institutions as customers
Website: fiserv.com
Twitter@fiserv
Finovate demo video: Demo videos will be posted next week
Introducing Serge van Dam (VP Mobile Solutions) and Calvin Boo (Pre-Sales Consultant)

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CurrencyFair Shows Off its Simple and Efficient Marketplace UI

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Second, CurrencyFair took the stage with MarketPlace, a international currency transfer platform:
“CurrencyFair has completely upgraded the interface on its MarketPlace, making the process of order execution even simpler and more efficient. The new layout allows customers to easily and clearly view the market depth, helping them choose an appropriate exchange rate for their MarketPlace order.
Using CurrencyFair’s new MarketPlace, it is possible for customers to achieve an exchange rate approaching, and in many cases even better than, the market interbank rate otherwise only available to market professionals dealing in millions.”
Product Launch: October 2012
HQ: Dublin, Ireland
Founded: April 2009
Metrics: €2M equity funding raised; over 10,000 registered users; €1M+ now exchanged daily on average; over €200M transacted to date
Twitter@CurrencyFair
Finovate demo video: Demo videos will be posted next week
Introducing Brett Meyers (Managing Director) and Sean Barrett (Director)

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