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Birdback Unveils Card-linking API Technology

By David Penn Posted on February 12, 2013
Categories: Birdback, FinovateEurope 2013

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

Taking the stage next is Birdback.

“Our technology platform enables features such as loyalty programs, offers and automatic receipts to run on consumer’s existing payment cards. This is made possible through a simple, plug & play API that retailers and advertisers can easily use to link their applications to payment cards.

Birdback’s API handles security, compliance and privacy aspects of card-linking. Card-linking applications range from traditional cash-back schemes to virtual gaming currency redemption. Birdback is demoing a use-case of its REST API.”

Product Launched: February 2013

HQ Location: London, UK

Company Founded: 2012

Metrics: $0.5 million in capital raised; 8 employees

Website: birdback.com

Twitter: @birdback

Presenting Halim Madi (Business Development Director), Ben Brown (CEO, Vouchacha)

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Moven (Formerly Movenbank) Gives a First Look at Its Mobile Platform

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: FinovateEurope 2013, Movenbank

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

Next up is Moven (formerly Movenbank), who showed how its tools can help you better understand your finances:

“At FinovateEurope 2013 we will be demonstrating the Movenbank mobile banking experience along with how CredScore® and our Spend, Save, Live tools will help consumers manage and improve their financial health.

The demo will include features of the day-to-day mobile banking experience and the online platform.”

Product Launch: February 2013

HQ: New York, NY, USA

Founded: March 2011

Metrics: Thus far the company has raised more than $2.5M in seed funding, has around 20 employees and about 10,000 registered users.

Website: moven.com

Twitter: @getMoven

Presenting Brett King (CEO & Founder)

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TSYS Spend Controls Manages Commercial Card Programs

By David Penn Posted on February 12, 2013
Categories: FinovateEurope 2013, TSYS

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

Taking the stage next is TSYS.

“Every business needs to have a system of checks and balances as an essential part of any successful commercial card program. Effective programs include upfront transaction controls, ensuring cardholder compliance to company policy.

TSYS Spend Controls puts control over card usage into the hands of the business owner or program administrator. It provides businesses a means to implement upfront transaction controls to ensure cardholder compliance with purchasing guidelines.

Administrators manage parameters using a simple, web-based user interface, establishing guidelines according to business, department or individual needs. Each transaction is reviewed at the point of sale based on the pre-established parameters.”

Product Launched: 2012

HQ Location: Columbus GA, USA

Company Founded: August 1983

Metrics: $1.89 billion in annual revenues; more than 8,000 employees worldwide

Website: tsys.com

Twitter: @TSYS_TSS

Presenting Chris Colson (Product Innovation Director), Simon Taylor (International Solutions Management Consultant)

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TransferWise’s Peer-to-Peer Strategy for Exchange Rate Savings

By David Penn Posted on February 12, 2013
Categories: FinovateEurope 2013, TransferWise

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

The second presenter in the second morning session is TransferWise.

“TransferWise allows regular people to access the real, mid-market exchange rate. We do this using peer-to-peer technology that cuts out traditional fees. Customers pay a tiny, fully transparent service charge to access this.”

Product Launched: February 2011

HQ Location: London, UK

Company Founded: March 2010

Metrics: $1.35 million in investment capital; 20 employees; transferred over £10 million in the first year; growing at more than 20% per month

Website: transferwise.com

Twitter: @transferwise

Presenting Kristo Kaarmann (Co-Founder) and Taavet Hinrikus (Co-Founder)

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The Backbase Digital Marketing Module Helps Bank 2.0 Portal Users Enhance Marketing Efforts

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: Backbase, FinovateEurope 2013

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

Starting off the second session today is Backbase, who showed off its new Backbase Digital Marketing module:

“Backbase is demoing Backbase Digital Marketing, a new module within Backbase Bank 2.0 Portal. With Backbase Digital Marketing, banks get the option to easily create and manage:

• Cross- & up-sell campaigns

• Lead generation campaigns

• Closed loop marketing

• Loyalty features

The Backbase Digital Marketing module does not only work on regular desktop browsers but is optimized to work in a multi-channel setting (from desktop to tablets and smartphones). Backbase Digital Marketing can be used in any existing website or Internet Banking platform, offering banks a simple point solution to start working with Backbase Bank 2.0 Portal.”

Product Launch: February 2012

HQ: Amsterdam, The Netherlands

Founded: April 2003

Metrics: Privately funded, 150+ employees with offices in New York, Amsterdam, London, Singapore and Moscow.

Website: backbase.com

Twitter: @backbase

Presenting Jouk Pleiter (CEO & Co-Founder) and Jelmer de Jong (Global Head of Marketing)

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BBVA’s New Tool Uses Twitter Sentiment to Analyze Stock Market Behavior

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: BBVA, FinovateEurope 2013

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

The final demo for the first session today is BBVA, who showed how its tool can assess whether views of the stock market expressed in Twitter correlate with actual market behavior:

“To find out if the “market sentiment” expressed in Twitter is correlated with actual market behavior, we at BBVA have launched Stockbuzz (www.stockbuzz.es). This is a site where the user can view the sentiment that Twitter users feel on the Ibex 35 and the securities that make up the index, and compare it with their actual share price on the stock exchange.

The website is user friendly, easily understandable and attractive. It shows graphs and data based on the information that is posted on Twitter, but also promotes interaction with this social network, as it contains a section where site visitors can leave their own messages on the analyzed stocks.”

Product Launch: December 2012

HQ: Madrid, Spain

Founded: January 1857

Metrics: 117,500 employees, over 30 countries, more than 47M customers, 900,000 shareholders

Website: bbva.com

Presenting Jose Antonio Gallego (Head of Open Innovation) and Marisol Menendez (Open Innovation Manager)

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SumUp Demos Payment Acceptance Platform

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: FinovateEurope 2013, SumUp

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

SumUp just started its demo featuring a payment acceptance platform:

“SumUp’s payment card acceptance platform helps the millions of small businesses that are missing out on customers because they cannot accept card payments. Traditional card terminals are expensive, with high monthly fees and long contract durations. SumUp’s payment dongle offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go.

Using only a portable card reader and an iOS and Android app, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.”

Product Launched: Q1/2 2013

HQ: Dublin, Ireland

Founded: August 2011

Metrics: Completion of a two-digit million EURO funding round in Q2 2012, over 130 employees across 10 countries

Website: sumup.com

Twitter: @SumUp_UK

Presenting Stefan Jeschonnek (Co-Founder & CMO) and Florian Richter (Country Manager UK)

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PrivatBank Empowers Cashless Transactions with Smartphones

By David Penn Posted on February 12, 2013
Categories: FinovateEurope 2013, Liqpay.com

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

Next up to the stage is PrivatBank:

“Liqpay is the project of the Center of E-Business of Privatbank. The Liqpay team specializes in innovative web and mobile services deployment such as Liqpay (liqpay.com), iPay (pos.liqpay.com), and SiteHeart (site heart.com) and a number of other projects.

We have developed smartphone applications that allow users to manage ATMs (cardless and contactless cash withdrawal) and payment apps for gas stations.”

Product Launched: October 2012

HQ Location: Dnepropetrovsk, Ukraine

Company Founded: 2007

Metrics: Service is launched in 10,000 ATMs and in 1,500 gas stations in Ukraine. The company has three employees.

Website: privatbank.ua

Presenting Kristina Chaykovskaya (Vice President), Marla Gurina (Business Development Manager)

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Kantox Facilitates B2B Currency Exchange Without Excessive Fees

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: FinovateEurope 2013, Kantox

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

Afterwards, we saw Kantox, who demonstrated its platform that enables businesses to exchange currency directly between companies:

“How does it work? Kantox makes it possible for currencies to be exchanged transparently, directly between companies without going through the banking system and thus avoiding paying excessive bank commissions.

What do we offer? We offer spot and forward transactions in more than 20 foreign currencies.”

Product Launch: October 2011

HQ: London, UK

Founded: June 2011

Metrics: Over 70 corporate clients and more than $20M USD traded to date. Over €50,000 in revenues. Seed funding in July 2011 was over €150,000 and Series A in July 2012 was €1M. There are currently 15 employees.

Website: kantox.com

Twitter: @KantoxFX

Presenting Philippe Gelis (CEO)

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NICE Mobile Reach Brings Personalized Customer Care to the Mobile Experience

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: FinovateEurope 2013, NICE Systems

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

Then, NICE took the stage to demonstrate how its Mobile Reach solution can bring a better customer experience to mobile banking:

“NICE Mobile Reach complements mobile banking by intelligently bridging self-service and assisted-service, creating a service experience that is as smart as customers’ devices. The solution provides the following:

• ENGAGE: Understanding customer intents in real-time, and recommending to them – just at the right time and if relevant – the next step for fulfilling their needs.

• CONNECT: When needed, seamlessly connecting the customer directly to the right agent, bypassing the IVR and transferring the context from the mobile device to the agent desktop.

• COLLABORATE: Expanding customer interactions with agents beyond verbal discussions using multimedia collaboration tools, such as sending text, images, and documents.

• FEEDBACK: Once the service interaction is done, presenting a survey to the customer as a natural step of the interaction.

Result for the customer: Ultimate customer experience – as personalized, relevant, and as effective as possible.

Result for the enterprise: Boost in business results, reduced service costs, and higher mobile adoption.”

Product Launch: April 2012

HQ: Raanana, Israel

Founded: 1986

Metrics: 2012 annual non-GAAP total revenues are expected to be in a range of $890M-$910M (per official guidance). More than 3,400 employees in 35+ local offices across the globe.

Website: nice.com

Twitter: @NICE_Systems

Presenting Assaf Frenkel (Dir. & Head of Mobile Customer Service) and Caroline Mason (Solutions Team Leader)

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Yseop’s Artificial Intelligence Software Analyzes Data and Writes Financial Reports So You Don’t Have To

By Julie Muhn (@julieschicktanz) Posted on February 12, 2013
Categories: FinovateEurope 2013, Yseop

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

Next up, Yseop demonstrated how its software saves time by analyzing data and writing reports:

“Yseop Financial represents the latest round of innovation developed on Yseop’s technology. This suite of products covers the full range of possibilities offered by Yseop’s text-generating software, including a prep-to-meeting report, an automatically generated two-page financial executive summary based on the latest market data and a personalized retirement planning application.”

Product Launch: January 2013

HQ: Lyon, France & Dallas, TX, USA

Founded: 2008

Metrics: Privately self-funded. Over 20 years of research to develop the technology. First commercialized in France in 2008. Opened U.S. headquarters in Dallas in 2012. €1.3M of revenue in 2012. 25 employees located worldwide: 10 in Lyon, 6 in Paris and 9 in Dallas. Over 20 large companies are clients in France. Largest implementation is a prep-to-meeting application deployed for 12,500 retail bankers.

Website: yseop.com

Presenting Elizabeth Farabee (VP Marketing) and Vincent Perrin (Business Development Europe)

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Device Ident Launches Anti-Theft Solution

By David Penn Posted on February 12, 2013
Categories: Device Ident, FinovateEurope 2013

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

Next up to the stage is Device Ident with an anti-fraud

solution for European companies in the e-commerce and financial sectors:

“Device Ident provides a sophisticated anti-fraud solution for any type of online transaction. We identify and evaluate any device interacting with our customers’s online services and analyze history and behavior of the visiting device to prevent fraud and misuse for all our customers in real time.

In addition, our products have a built-in, anti-fraud network that allows all participants access to much higher degrees of protection without running into conflict of revealing customer information.”

Product Launched: January 2013

HQ Location: Hamburg, Germany

Company Founded: May 2012

Website: deviceident.com

Twitter: @deviceident

Presenting Roberto Valerio (Managing Director, Device Ident) and Michael Backes (Managing Director, Liquid Labs)

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