Finovate Alumni News

On Finovate.com

  • What’s in a Name? New Mastercard Logo Embraces Icon Age.
  • LendingFront Locks in $4 Million in Series A.

Around the web

  • Ledger introduces its Bluetooth-enabled hardware wallet, Ledger Nano X.
  • Matthijs Aler appointed as the new CEO of Ohpen.
  • PaySend launches new money transfer service, PaySendLink.
  • QNB Group to deploy digital cash management solution from iGTB.
  • Klarna teams up with Stripe and Poq to enhance Missguided’s U.K. app.
  • Oliver Weber takes the helm as the new VP of Digital Banking, Switzerland, for Crealogix.
  • Infosys Finacle announces partnership with Qatar National Bank.
  • Benedigo and Adelaide Bank deploys regtech reporting solution from Wolters Kluwer.

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.

Finovate Alumni News

On Finovate.com

  • ThetaRay Partners with ABN AMRO to Boost AML Capabilities.
  • SigFig Raises $50 Million in Series E.

Around the web

  • Signicat integrates Belgian digital identity scheme, itsme, into its platform.
  • Australia’s Bendigo and Adelaide Bank selects OneSumX from Wolters Kluwer for regulatory reporting.
  • Fiserv inks deals with Sioux Valley Community CU and Coulee Dam FCU based in Iowa and Washington state, respectively.
  • Payfone collaborates with Canadian telecom EnStream to develop mobile federated authentication service.
  • Indiana-based Elements Financial Credit Union ($1.5 billion in assets) to deploy digital sales platform from Gro Solutions.

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.

Fintech Trending: Australia and the Road to Fintech in Asia

australia_newzealand_flagsFinovateAsia 2016 is right around the corner. Be sure to visit our registration page and pick up your tickets today. We look forward to seeing you next week, 8 November, as Finovate returns to Asia.

When we talk about financial technology in Asia, we typically turn to places like Singapore, widely regarded to be the fintech “hub” of the region, or to Japan, with its advanced consumer economy (and increased participation in fintech events in the West, like Finovate and FinDEVr, or to China which was recognized by H2 Ventures and KPMG in their 2016 Fintech 100 report as follows:

China now tops the global ranks—swithin three years, China’s fintech ventures have gone from only one company included in the top Established 50 rankings in 2014, to this year China featuring four of the top five companies and eight of the top 50.

This includes Ant Financial, formerly known as Alipay, which as the world’s largest third-party payment platform, is the #1 company in the report, as well as Qudian, a Beijing-based student micro lender, ranked #2.

But there’s a reason why analysts refer to the area as the Asia-Pacific region, and part of that reason is the presence of countries like Australia and New Zealand which, while very much a part of the Asian financial ecosystem, are often overlooked in discussions about the growth of fintech in the area.

Turning back to the H2 Ventures/KPMG report, we see that of the top 100 companies highlighted, while 14 are from Asia, 1o are from Australia and New Zealand. This compares well with the U.K., a long-standing global fintech center, that landed 12 companies in the top 100. These companies include:

  • #14 Xero (F11; FD14) – New Zealand
  • #31 Prospa – Australia
  • #43 Tyro – Australia
  • #50 SocietyOne (F12) – Australia

As well as emerging stars:

  • AfterPay – Australia
  • Bright – Australia
  • Data Republic – Australia
  • HashChing – Australia
  • Identitii (F16) – Australia
  • springy – Australia

Australian and New Zealand fintech companies are clearly punching above their weight. As one illustration noted by Let’s Talk Payments, in December 2015, 5% of Australian fintech startups raised capital. Yet that 5% represented 14% of all capital raised by fintechs in December. Compare this to the United Kingdom where 15% of fintechs received investment dollars in December 2015, yet the amount raised was 11% of the total for that month. It is no surprise that China stands out as the true overachiever, with only 2% of Chinese companies raising capital in last December, but those companies represented 17% of all financing raised.

The takeaway here is more than a call for FinovateDownUnder—although that’s an intriguing idea. It suggests that more attention paid to Australia—as both a developing fintech nation in its own right, as well as a way for Western companies, technical talent, and capital to begin making its way eastward—could be well-rewarded.

See also:

  • 9 Australian companies have made it to the latest global Fintech 100 – Business Insider Australia
  • Australian FinTech Firms Recognized as World Leaders in FinTech – Cryptocoins News
  • Australian fintech founders recognized as world leaders next to tech giants Stripe, Xero and Square – Startup Smart
  • CBA takes pop-up innovation lab on a tour of Australia – Finextra

Our friends from Down Under

This discussion of Australia and New Zealand merits a reminder of how many innovators from Down Under are alums of our Finovate and FinDEVr conferences. In addition to those mentioned above, here’s a quick look at some of our more recent Australian and New Zealander alums:

Finovate Alumni News

On Finovate.com

  • Best of Show Winner Quid to Open London Office.
  • Reverse Takeover IPO Places ayondo on the Singapore Exchange.
  • Sezzle Scoops Up $500,000 Investment from Brussels-based E-Merge.
  • MX Adds Cash Flow Feature to MoneyDesktop Platform.

On FinDEVr.com

  • Markit Agrees to Acquire Prism Valuation.

Around the web

  • Australia’s Bendigo and Adelaide Bank to deploy cloud development platform from IBM.
  • itBit and Euroclear announce plans to use blockchain technology to provide a settlement service for the London gold market.
  • Trulioo expands to South America as part of Canada’s Fintech Mission to Brazil.
  • IBS Intelligence features Yoyo Wallet as startup of the month.
  • Payworks extends Stripe POS integration effort.
  • Trustly opens London office and hires General Manager from Worldpay.

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.

Finovate Alumni News

Around the web

  • i-exceed introduces Appzillon 3.1, featuring new widgets, style editors, over-the-air (OTA) support and more.
  • OnDeck unveils mobile app for small business owners.
  • Ripple Labs appoints former Treasury Department official, Michael Barr, as an adviser.
  • Zooz teams up with Bitnet to enable bitcoin payments on its platform.
  • Bendigo and Adelaide Bank to deploy Appian BPM platform.
  • NAMU Systems wins “Most Personalized Banking Experience” award from EPAM at the 2015 Citi Mobile Challenge in EMEA.
  • Coinbase earns a spot in MIT Technology Review’s 50 Smartest Companies in 2015.

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.

Finovate Debuts: Bendigo and Adelaide’s Mobile Wallet Has a Charity Play

RedyMobileHomepage

Australia’s Bendigo and Adelaide Bank (Bendigo) has long been known for its philanthropy. Its Community Bank branches, which enable local communities to own and operate a Bendigo Bank franchise, have contributed $125 million to local projects and charities. At FinovateEurope 2015, the Australia-based bank debuted redy, a mobile payments platform with a charitable element developed specifically for Bendigo by its subsidiary, Community Telco Australia.

Facts

  • Fifth-largest bank in Australia
  • Has almost 900 branches and agencies across Australia
  • $52 billion assets under management
  • $3 billion market cap

Redy positions itself as a community ecosystem more than a payment ecosystem. The local rewards system enables customers to earn creds (points) for every transaction on the redy platform. Creds add up to 0.5% of customers’ transactions, and can be donated to local charities or causes, or used in exchange for a discount toward a future purchase.

By offering customers an easy way to give to causes they care about, redy helps small businesses connect with customers.

For merchants

To begin using redy, Bendigo must first approve the merchant and set them up with a business account and a redy point-of-sale tablet.

Redy charges merchants a membership fee of $25 per month and a transaction fee of 1.5% of each purchase, 0.5% of which is returned to the customer to use as creds. The creds system offers businesses a way to encourage repeat spending and gives them an easy way to support local campaigns and charities.

RedyMerchant The Redy merchant terminal

Merchants also receive access to reports and analytics of transactions on the redy platform.

For customers

Customers download the free redy mobile app on their iOS or Android device, and link their Visa, MasterCard, or Bendigo savings account.

When ready to pay at a business that accepts redy, the customer enters their PIN, scans the QR code on the merchant’s tablet, and confirms the payment amount. The payment is secure and does not transfer the customers’ financial data to the merchant.

The redy system sends the customer a digital receipt. The creds the customer earns from the purchase are automatically credited to their account and ready to be donated or applied toward a repeat purchase.

RedyPaymentMethods Redy payment methods

For charities and local causes

Charities that register with Redy can tap into the pockets of Redy shoppers, who may opt to donate their creds to causes that matter to them and their community.

Here’s a sample of causes and charities registered on Redy:

RedyCausesandCharities

Bendigo and Adelaide Bank debuted redy at FinovateEurope 2015 in London.

Finovate Alumni News

On Finovate.com:

  • LearnVest Acquired by Northwestern Mutual for More Than $250 Million.
  • Finovate Debuts: Bendigo and Adelaide’s Mobile Wallet Has a Charity Play.
  • i-exceed’s Appzillion Brings Mobile App Dev Platform to Exim Bank.
  • Handpoint’s EMV-Capable Mobile POS Comes to U.S. and Canada.

Around the Web:

  • AirWatch TV interviewed EyeVerify executive VP for Global Sales and Marketing, Chris Barnett.
  • FIS to provide fingerprint authentication to its Cardless Cash ATM application via Apple TouchID.
  • Celent names Fidor Bank its “Model Bank of the Year.”
  • American Banker highlights Mitek and Malauzai in a discussion on ID scanning and mobile account opening.
  • AlleyWatch features Tradier as a disruptor in financial services.
  • Financial News’ list of 40 leaders in fintech names multiple Finovate and FinDEVr alums.

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.

Bendigo and Adelaide Bank Introduces a Mobile Payments Platform with its Own Virtual Currency

BendigoRedyLogo.jpg

This post is part of our live coverage of FinovateEurope 2015.
 
Bendigo and Adelaide Bank showed how its redy mobile payments platform helps users connect with causes that are important to them:

redy is a mobile payments platform that enables customers to transact with registered redy businesses, but it is more than just a way to pay. Each purchase earns a percentage of the transaction value—’Creds,’ a virtual currency—which can be redeemed for personal use or donated to community projects or charities.

Consumers can also complete direct mobile donations from redy simply by scanning the code in either the charity’s, or project’s marketing material. redy connects shoppers and businesses to causes that are important to them and is therefore a marketing tool to encourage local buying.

Presenters: Robert Musgrove, executive community engagement, and 
Rick van Emmerik, mobility manager
 
BendigoAdelaide_8224.JPG
BendigoAdelaide_8235.JPG
Product launch: June 2014
Metrics: Please reference our Group Companies page at bendigoadelaide.com.au
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Victoria, Australia
Founded: 1858
Twitter: @bendigobank

FinovateEurope 2015 Sneak Peek: Part 4

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Will you be joining us live for FinovateEurope 2015? Following the action via the Finovate Live Blog and Twitter feed (@Finovate)? 

However you plan on participating in the first Finovate conference of the year, our Sneak Peek series helps you get to know the presenting companies before they hit the stage next month.

FEU2014_networkinglunch.jpg
We’ve already highlighted 18 out of the more than 70 companies demonstrating their latest technologies. If you missed them, you can get up to speed with Parts 1, 2 and 3 of our Sneak Peek series below.
Today we bring you another set of six presenters: Bendigo and Adelaide Bank, CPB SOFTWARE, Ixaris, JSC Delta Bank, QCR, and Topicus.Finance.


Bendigo_Adelaide_FEU15_hires_logo.jpg

Bendigo and Adelaide Bank have a long, 156-year history of innovation. Our latest innovation is redy, a mobile commerce platform.
Features
  • A mobile commerce platform that connects shoppers, businesses, and the community for a common cause
  • Fast and secure mobile payments
  • Easy, fast, and secure donations
Why it’s great
redy is a fast and secure mobile commerce platform that improves the shopping experience and connects shoppers, businesses, and communities for a common cause.
Presenters
Robert Musgrove, Executive Community Engagement
Musgrove played a pivotal role in the expansion of Community Bank. He is always on the lookout for ways to give back to his community.
Rick vanEmmerik, Mobility Manager
vanEmmerik has been with Bendigo and Adelaide Group for 7 years. He has been part of the redy team since its inception.


CPB_Software_AG_FEU15_hires_logo.jpg

CPB SOFTWARE offers profound expertise, creativity, flexibility, and high quality financial software solutions including premium ASP and BPO services.
Features
  • PROFOS is the app for bankers
  • Manage your clients anytime and anywhere
  • The best way to support your advisors and clients
Why it’s great
PROFOS – The Bank is where Clients are!
Presenters

PThomayer_CPBSoftware_FEU15.jpg

Peter Thomayer, CEO
Thomayer is founding member and since 2000 CEO of CPB Software. Areas of responsibility: strategy, human resources, marketing, and sales. Held different leading positions in some banks before.

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Barbara Aigner, Consultant
Aigner is founder and CEO of emotion banking, a consultant company for banks and founder of victor, the main analysis and championship for banks in the German-speaking area.

MNekham_CPB_FEU15.jpg

Markus Nekham, Consultant / Advisory Board
Nekham is founder and CEO of networx business services. He is lecturer at the Vienna University of Economics and Business, and a negotiation and communication consultant and coach.



Ixaris_FEU15_hires_logo.jpg

Ixaris is a fintech company specializing in the delivery of next generation card programs.
Features
  • Extend your card programs offering with apps from our App Store
  • Reduce burden on your IT through an on-the-cloud platform
  • Reduce card program management overheads with self-service tools
Why it’s great
Card programs tailored to your customer needs by your own customers
Presenters
Patrick Abela, Product Director
Abela has 15 years experience specializing in leveraging technology to deliver innovative and competitive payment products and solutions.
Reno Scerri, Pre-sales and Solutioning Manager
Scerri has over 10 years’ experience in technology products, with special focus on design and delivery of solutions for the payments industry.


DeltaBank_FEU15_hires_logo.jpg

JSC Data Bank is a Ukranian innovative universal bank that provides a wide range of products and services for all types of clients.
Features
  • Transfer money via Facebook
  • Transfer money using only the recipient’s mobile phone number
  • Service is available without registration for everyone
Why it’s great
Pay2You is a service that makes your communication channels available for transferring money.
Presenter
Stanislav Ostrovsky, Head of R&D Department


QCR_logo_FEU2015_hires.jpg

QCR has developed RiskAware, an innovative credit risk assessment technology which can add major value to existing risk management practices at financial institutions.
Features
  • Drastically improved corporate default predicting power
  • Deeper credit risk analysis and more accurate quantification of credit risk
  • Faster credit risk management, quicker SLA times
Why it’s great
Through faster and more accurate credit risk management, RiskAware can save millions of USD a year in credit losses for financial institutions.
Presenters

TVarkonyi_QCR_FEU15.jpg

Tamas Varkonyi, Founder and CEO
Varkonyi’s professional career in credit risk management spans 12 years. Before founding QCR, he managed a credit portfolio at CIT Group and underwrote loans at Barclays.

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Sandor Kocso, CTO
Kocso is a seasoned technologist with 10 years of experience developing financial software applications at Morgan Stanley and Leonteq Securities, Switzerland.


Topicus_FEU15_hires_logo.jpg

Topicus.Finance is a flexible, process-oriented business lending platform with self-service capabilities.
Features 
With FORCE Business Lending:
  • Enable automatic loan origination
  • Achieve seamless fulfillment for all parties
  • Facilitate everything from orientation to a fully-repaid debt
Why it’s great
“Customer centric” is no longer a hollow phrase. FORCE Business Lending enables your employees to fully focus on (the business of) your customer.
Presenters

MSchipper_Topicus_FEU15.jpg

Michiel Schipper, Managing Director

Thumbnail image for JBurink_Topicus_FEU15.jpg

Jamie Burink, Head of Business Lending

FinovateEurope 2015 will be held February 10 and 11 in London. Pick up your tickets today and join us for the first Finovate conference of the year.

Alumni News– January 22, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKreditech secures $200 million credit line from Victory Park Capital.
  • GMC Software and Silanis Technology partner to integrate eSignLive with Inspire.
  • Internet Retailer features Trustev CEO Pat Phelan in discussion on consumer fraud.
  • TradeKing unveils Risk Assist to protect clients against steep market declines.
  • Braintree completes initial integration with Coinbase; opens up private beta access.
  • Financial Post business section features Digital Retail Apps in its look at digital payments in 2015.
  • Realty Mogul adds new Senior VP of Mortgage Operations, Kendra King.
  • Temenos forges strategic alliance with EFT processor, Elan Financial Services.
  • Check out our latest FinovateEurope 2015 Sneak Peek, Part 4 featuring Bendigo and Adelaide Bank, CPB Software AG, Ixaris, JSC Delta Bank, QCR, and Topicus Financial.
  • Planwise launches Connect, leveraging affordability tools to help real estate agents engage potential buyers.
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.