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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Strands Finance’s What If Functionality Gives Users Insight to Future Purchases

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First up in the second session, Strands Finance showcased its What If functionality:

“Strands Finance is presenting new “What If” functionality that takes PFM historical data and makes it relevant for the future. Users will gain greater insight and control of their financial health with little to no effort. For banks, the data is invaluable to better advise their customers. Strands has developed and leveraged pattern identification algorithms that help model future scenarios and the impact to the user’s short-term cash flow and long-term net worth.”

Product Launch: Q1, 2013
HQ: San Francisco, CA, USA
Founded: 2004
Metrics: 45 employees worldwide; $55M in funding raised to date
Twitter@StrandsPF
Finovate demo video: Demo videos will be posted next week
Introducing Edward Chang (CEO), Marc Torrens (Chief Innovation Officer) and Simon Shorey (UK Retail & Business Banking, Barclays)

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Pendo Systems Breaks Down Silos of Investment Accounting Data

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Concluding the first session, Pendo Systems demoed how it can give transparency to investment accounting data:

“Pendo has the first cross vertical global investment accounting cloud solution. We provide services to capital markets across banking, asset management, wealth management, insurance, and corporate treasury. 

The landscape today consists of products that are vertically focused on industry (mutual fund, investment management insurance, etc.) & regionally (Asia Pacific, Europe, US). This has caused firms to have silos of investment accounting data – resulting in the same asset being valued differently with a variation of up to 25 basis points. It also is the inhibitor to transparency as the ability to drill down & view total exposure to a given sector, industry, currency, or cost basis cannot be done in a single database and instantaneously. This is a problem that our product solves. 
BasisPoint solves the issues for the verticals and provides for complete multi-jurisdictional processing for capital markets firms (insurance, mutual fund, asset managers, wealth managers, pension funds, and corporations).”
Product Launch: January 2007
HQ: Montclair, NJ, USA
Founded: 2007
Metrics: 5 employees; $1M in revenue for 2012; $100B of AUM being processed; exclusive global relationship for distribution in Canada with one of the largest multi-national firms in the world
Finovate demo video: Demo videos will be posted next week
Introducing Pamela Pecs Cytron (CEO & Founder)

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Perfectsen Launches Targeted Ad Platform, The Hook

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Next, Perfectsen launched The Hook:
“Retaining a customer is said to be 5 times cheaper than acquiring a new one. But the problem for banks has always been getting the right product in front of the right customer.
The Hook is a targeted ad platform that solves this problem. It helps banks to intelligently monetize web and mobile traffic by displaying the right products based on existing users’ needs, employing data points from its PFM and other sources.
With a single line of code and flexibility to self-host, integration is a breeze and e-banking as a profit centre is no longer a distant dream.”
Product Launch: November 2012
HQ: Kuala Lumpur, Malaysia
Founded: December 2010
Metrics: 10 Employees; Key Client: Maybank
Twitter@Perfectsen
Finovate demo video: Demo videos will be posted next week
Introducing Stewart Chen (CEO) and ST Chua (CMO) 
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Striata’s Interactive eBill Helps Paperless Adoption

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Then, Striata took the stage with its interactive eBill solution:

“Utilizing the power of email; Striata’s next generation interactive PDF eBill can be read and paid on any email-enabled device. Our paperless adoption technology eliminates registration and allows customers to switch off paper in just one click. This results in optimal adoption and faster ROI. Striata will demonstrate the powerful interactive bill which is encrypted, has integrated eConsent, shared password security, instant dispute capability, and mobile one click pay.”

Product Launch: February 2012
HQ: New York, NY, USA
Founded: February 1999
Metrics: Privately owned / Investment Trust; 13 years of revenue growth and profitable for the past 12 years; 100+ employees
Website: striata.com
Twitter@Striata
Finovate demo video: Demo videos will be posted next week

Introducing Michael Wright (CEO) and Keith Russell (Sales Director Asia Pacific)

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Backbase’s Launchpad Offers a Consistent UX Across Devices

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After, Backbase demoed how its Launchpad delivers a consistent UX across multiple devices:
“Backbase Launchpad is a new and unique banking experience, based on Backbase Portal technology. Launchpad offers the latest innovations and best practices in user experience design and cross device customer journeys. The goal of Launchpad is to drastically bring down time-to-market for online and mobile projects.
Launchpad is immediately optimized for use on regular browsers, tablets, and smartphones and is entirely manageable by the e-business and digital teams using the Backbase Portal Manager. Launchpad is seamlessly integrated with the Backbase App Center and includes apps such as Accounts Overview, Payments, PFM, Stock Portfolio Manager, Message Center, etc. Other apps (developed by the bank, by Backbase, or by third party vendors) can be easily added to Launchpad.
Launchpad and its apps come with universal integration architecture to hook up existing core banking systems with the new Bank 2.0 front-end.”
Product Launch: 2010
HQ: April 2003
Founded: Amsterdam, The Netherlands
Metrics: Privately funded; 150+ employees with offices in New York, Amsterdam, London, Singapore & Moscow
Website: backbase.com
Twitter@backbase
Finovate demo video: Demo videos will be posted next week
Introducing Jelmer de Jong (Global Head of Marketing) and Edwin Koh (Regional Manager APAC)

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Metaforic Launches Mobile Software Security to Detect and Respond to Mobile Security Threats

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Next, Metaforic launched mobile software security technology:
“Metaforic is demonstrating its latest technology that can detect, respond, and report on a range of security threats to mobile financial applications. The product works on a per-app basis at the application layer to inform operators of the real-time security state of the application and device. 
For example, a Metaforic protected application can detect an application repackaged with a malicious payload, alert the institution if the app connects to its service, and mark any transactions with a higher risk profile. Another example is if the device is jail broken, it will be reliably reported.”
Product Launch: November 2012
HQ: San Jose, CA, USA
Founded: 2006
Website: metaforic.com
Twitter@MetaforicLtd
Finovate demo video: Demo videos will be posted next week

Introducing Douglas Kinloch (VP Business Development), Ryan Lambert (Director, Professional Services)

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