Atsora

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Atsora, BioCatch, CUneXus Solutions, EdgeVerve Systems, Evo Snap*, Fenergo, Fiserv, Infosys, Jack Henry, Larky, Temenos, TickSmith, Virtual StrongBox, Zooz

On Finovate.com

  • “BioCatch Appoints Eyal Goldwerger as CEO”
  • Check out this week’s FinDEVr APIntelligence.
  • “CUneXus to Power Digital FCU’s Mobile Lending Platform”— Come see a live demo from CUneXus at FinovateSpring next month.
  • “Where Are They Now: FinovateSpring Alums Raise More Than $326 Million in a Year”

On FinDEVr.com

  • “EVO and Verifone Partner to Make EMV Payments Feasible at Restaurants”

Around the web

  • Celent recognizes EdgeVerve Systems as one of two model bank vendors for 2016.
  • Virtual StrongBox granted third patent which allows users to select, view and store private documents on mobile devices.
  • Larky powers the GoLocal rewards app from St. Helens Community Credit Union.
  • Polish startup Atsora wins global Emirates NBD Group FinTech Challenge 2016.
  • National Bank of Canada deploys TickVault big-data platform from TickSmith.
  • ICBC Standard Bank chooses client lifecycle management platform from Fenergo.
  • Infosys Finacle announces its first core banking platform client in Myanmar: Asia Green Development Bank.
  • Fiserv teams up with Cisco to help banks improve customer engagement and internal collaboration via improved communications technology.
  • Jack Henry sells its deposit-automation business to Battery Ventures, a U.S./Israeli venture capital firm.
  • ACI Worldwide hires new SVP for business development, Hannes van Rensburg.
  • Temenos’ T24 core banking system goes live at Bermuda Commercial Bank.
  • Zooz integrates eCommerce, CRM, enterprise resource planning (ERP), and other payment solutions from Nodus Technologies into its platform.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Atsora Among Seven Selected for FinTech Innovation Lab London

By David Penn Posted on
Categories: Atsora

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Finovate alum Atsora is one of seven fintech startups chosen for this year’s FinTech Innovation Lab London.

Reached by email this morning to discuss the news, Atsora CTO Krzysztof Pulkiewicz replied, “We are really excited to be a part of the program and leverage this opportunity to work with leading banks in order to optimize value propositions for SMBs, tune the business model, and get in line with the SMB segment strategies of the bank.”

He added, “we are planning to run the platform in the UK in Q2 this year and this is the great starting point.”
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Atsora’s technology, Momentum, can be used by banks and SMBs for planning and developing business models, monitoring cash-flow and growth based on financial data, providing cost optimization, client profitability management, and more. “Small businesses are always looking for ways to focus on the core business and to manage all the finances easier, faster and in one place,” Pulkiewicz explained during his FinovateEurope 2014 demo of the platform. In this way, from a technology perspective, Momentum is a “service-oriented data backbone” that provides structured information to a variety of small business, micro applications.
The goal is to gives banks greater insight into their small- and medium-sized business customers, and to ensure that SMBs have the best access to the services and products from their bank partners. Better engagement, better opportunities for upselling, and better odds at customer retention are among the platform’s promises.
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Accenture founded the FinTech Innovation Lab London in 2012 as a collaboration involving leading financial and government institutions, including support from the Mayor of London, the City of London Corporation and Innovate UK. The Lab will be held at Level39, known as the largest fintech accelerator space in Europe.
“Commercializing innovations is often the toughest challenge for entrepreneurs,” said Accenture group chief executive for Financial Services, Richard Lumb. “That’s why it is so valuable to bring these early-stage companies together with their potential customers.” Lumb said that since the inception of Innovation Lab London, 14 companies have successfully completed the program, raised more than $25 million in new funding, and signed more than 50 business contracts with FIs.
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(Above, left to right: Krzysztof Pulkiewicz, CTO, and Anna Ciesielska, COO)
Along with Atsora, the six other startups participating in the Lab are: Cytora, Duco, PontusVision, Ripjar, Torusware, and xWare42. 
Founded in December 2013 and based in Warsaw, Poland, Atsora demoed its Momentum platform at FinovateEurope 2014. 

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Atsora Introduces Momentum to Help Move SMEs to the Bank 3.0 World

By David Penn Posted on
Categories: Atsora, FinovateEurope 2014

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

Our next innovator is Atsora from Warsaw, Poland.

“Momentum is a software placed between SME and Bank. One, integrated online and mobile application is used of planning business models and monitoring the cash flow and growth based on financial data. Users can easily share selected information with the Bank in order to get tailor-made offers and on-time support. The SME receives a complimentary set of functionality helping with cash flow and business model planning, cost optimization, and client profitability management. 
Everything seamlessly integrates with bank accounts, providing a real-time view on business. The Bank in turn gets better insight and can deliver the products exactly as needed. We support all phases of the SME lifecycle in order to improve cross selling and proactively manage retention.”
Presenting Krzysztof Pulkiewicz (CTO) and Anna Ciesielska (COO)

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Product Launch: December 2013
Metrics: Less than 10 employees; backed up by VC
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Warsaw, Poland
Founded: December 2013
Website: atsora.com
Twitter: @AtsoraTeam

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