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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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Temenos Introduces edgeConnect’s Live Designer

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

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

Coming to the stage now is Temenos. The company will be showing an innovative way to build and design dynamic applications pages:

“edgeConnect is the industry’s most dynamic user experience platform (UXP). edgeConnect provides a single, consistent platform that enables superior user experiences to be delivered across multiple distribution channels, for any product, any user, in any language and optimized for each device.

A major new editor within edgeConnect called ‘Live Designer’ is a game changer in application design. It allows designers to change the look and feel, layout and behavior while an application is executing, so that they can make changes and see the effects of dynamic application pages prior to live deployment.”

Product Launched: Q1 2013

HQ Location: Geneva, Switzerland

Company Founded: 1993

Metrics: Over 1,500 customer deployments in 25 countries; more than 3,900 employees; revenues as of Dec. 2012 were more than $470 million USD

Website: temenos.com

Twitter: @temenos

Presenting Dharmesh Mistry (Product Director UXP) and Holger Lehmann (Manager Business Solutions – Front Office)

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Simple and Secure: Azimo Unveils Social Sending Strategy

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

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

And they’re off!

Taking the stage as the first presenter on day one of FinovateEurope 2013 is Azimo with its digital money transfer innovation:

“Azimo is a digital international money transfer service. We offer a simple, secure, fast, and inexpensive way to send money from a mobile or PC to friends and family in over 125 countries around the world.

Recipients can receive funds in any bank account or from over 150,000 cash collection points. Senders can fund their money transfer with a debit card or bank account using their social media account to speed up the process.”

Product Launched: August 2012

HQ Location: London, UK

Company Founded: January 2012

Website: azimo.com

Twitter: @Azimomoney

Presenting Michael Kent (CEO) and Marek Wawro (CTO)

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Lights! Camera! Finovate!

By David Penn Posted on February 11, 2013
Categories: FinovateEurope 2013

We’re less than 24 hours away from the first Finovate event of the year, FinovateEurope 2013.

And from fintech veterans to the latest innovators on the block, the diversity of new apps, toolkits, services, and solutions on display here at dress rehearsal is nothing short of impressive.

What are we seeing so far? More mobile payment and banking strategies than you can shake a dongle at, advances in authentication and gamification, creative ways to help banks better understand and serve their customers and much more.

FEU13 rehe 2 resize.jpg

We hope you’ll be joining us for what promises to be two great days of presentations and demos of the best in financial technology. If you can’t be with us here in London, then be sure to follow us on Twitter @Finovate, or via our Live Blog at finovate.com starting bright and early Tuesday morning at 9:00 AM London time.

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FinovateEurope 2013 Launches Tuesday

By Julie Muhn (@julieschicktanz) Posted on February 10, 2013
Categories: FinovateEurope 2013

Over the weekend the Finovate team was able to relax and enjoy London. But tomorrow we’ll be busy putting the final touches on the third annual FinovateEurope, which opens Tuesday, 12 Feb. Attendees will be treated to the best in fintech from around the globe. Registration is open until we sell out.

Live blogging and Tweeting
We’ll be live-blogging each company’s launch and development as it happens. We’ll also be tweeting from @Finovate, our Twitter handle. Hundreds of others in the crowd will be contributing to the discussion by using the #finovate hashtag.

Schedule
Registration begins at 8:00 AM on Tuesday and Wednesday and the first demoing company takes the stage at 9:00 AM on both days.

Location
We’re returning to the historical Old Billingsgate Hall. Overlooking the Thames, Old Billingsgate can be found at 1 Old Billingsgate Walk 16 Lower Thames Street London, EC3R 6DX.

Presenters
Over the two day event, we’ll watch 64 companies step up to the Finovate stage. Be one of the first to see the new fintech demoed live and talk to the founders and senior execs who are pushing the envelope in fintech.

Here’s the lineup:

Have any questions? Check out the FAQ or contact [email protected]. See you in London, and thanks for your support.

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Finovate Alums Make America’s Most Promising Companies List

By David Penn Posted on February 8, 2013
Categories: Boku, Lending Club, On Deck Capital, Swipely

According to Forbes, four of the 100 most promising companies in the United States right now aren’t just fintech companies. They are Finovate alumni, as well.

Of the four, Lending Club is the highest rated, earning the number 12 spot in Forbes‘s “America’s Most Promising Companies” roster. Also making the top 50 was Boku, with alumni On Deck Capital and Swipely helping round out the list.

Interestingly, Swipely CEO Angus Davis recently made a “most promising” list of his own. Davis was featured along with more than 20 of his peers in a profile of “America’s Most Promising CEOs Under 35” also compiled by Forbes.

Here’s a closer look at the alumni featured.

Lending Club

Rank: 12
Revenue: $16 million
Employees: 125
Demo video

Boku

Rank: 38
Revenue: $195 million
Employees: 115
Demo video

On Deck Capital

Rank: 94
Revenue: $37 million
Employees: 152
Demo video

Swipely

Rank: 95
Revenue: $1 million
Employees: 36
Demo video

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Affinity Solutions Announces More than $6 Million Raised

By David Penn Posted on February 8, 2013
Categories: Affinity Solutions

Loyalty program provider Affinity Solutions reported that the company had raised $6.75 million in a combined equity/convertible securities offering.

Two investors were involved in the offering, neither of which has been discovered.

Affinity Solutions has more than 100 employees and manages loyalty programs with more than 4,000 banks. Founded in 1998, the company was last on the Finovate stage in the spring of 2012. See their demo here.

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