FinovateAsia Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Inspired by creating real value for banks’ customers, CASHOFF delivers strongly differentiated loyalty programs and tools to enhance the user experience with a granular approach based on transaction data.

Features

  • AI-powered cashback to banks’ customers by big-name brands
  • Comprehensive transaction data collection, enrichment and in-depth analysis
  • White label tools and gamification to amplify engagement

Why it’s great
Emerged consumer behavior patterns enable the anticipation of customers’ needs. Thus banks win increased loyalty, transactional activity, a tool for selling banking products, and new revenue streams.

Presenters

Billy Leung, Director
Leung is the director with extensive international expertise in digital banking and finance. He is also an entrepreneur having started his first business at the age of eight.
LinkedIn

 

Justin Lai, Sales and Marketing Director
With more than eight years of experience in Business Development and Advertising, Lai has a strong network for banks and brands. He currently oversees marketing strategy and business development for APAC.
LinkedIn

Finovate Alumni News

On Finovate.com

Around the web

  • iSignthis announces its Tier 1 JCB card acquiring service is now live in the EU/EEA.
  • CallVU to provide advanced biometric authentication technology to international credit card provider.
  • Jumio reports sales growth of 130% year over year for the first three quarters of 2018.
  • Capsilon teams up with Home Point Financial to streamline loan process.
  • The latest upgrade of SecureSafe features desktop encryption. In German.
  • NICE Actimize launches X-Sight, a financial crime risk management platform-as-a-service solution.
  • Alloy and Socure partner to automate digital identity verification and onboarding for financial institutions.
  • PayStand expands operations to Mexico, forms regional partnership with StartupGDL.
  • Tinkoff Bank adds 26 new currencies for its Black Card customers.
  • Identitii launches Overlay+ to enable Know Your Transaction. 
  • Jack Henry & Associates acquires BOLTS Technologies for its digital account opening solution.

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.

FinovateFall Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Inspired by creating a real value for banks’ customers, CASHOFF delivers strongly differentiated loyalty programs and tools for user experience enhancement with a granular approach based on transactional data.

Features

  • AI-powered cashback to banks’ customers by big-name brands
  • Comprehensive transactional data collection, enrichment and in-depth analysis
  • White label tools and gamification to amplify engagement

Why it’s great
Emerged consumer behavior patterns enable the anticipation of customers’ needs. Thus banks win increased loyalty, transactional activity, a tool for selling banking products, and new revenue streams.

Presenters

Lina Maria Perez, Sales Director
Perez is responsible for seeing the relationship from initial meeting to full integration. She’s also involved heavily in the marketing strategies and project management of all global operations.
LinkedIn

Billy Leung, Business Development Director
Leung is the director with extensive international expertise in digital banking and finance. He is also an entrepreneur having started his first business at the age of 8.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Fiserv Helps Bring Voice Banking to the Aloha State.

Around the web

  • PromonTech to unveil its new income engine, Income AI, next week.
  • PayPal introduces cashflow boosting solution for small businesses, Funds Now.
  • The Paypers interviews Ronnie Millar, PaySend’s Europe CEO.
  • Hedge fund manager John Hempton tells The Australian Financial Review that Xero could become a $100 billion business.
  • Insuritas teams up with 42,000+ member Enrichment Federal Credit Union.
  • Global Finance sits down for a conversation with Tinkoff Bank VP Maxim Evdokimov.

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.

FinovateEurope Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

CASHOFF brings strongly differentiated loyalty programmes based on goods purchased via cashback offers. The programmes offer visibility into items purchased directly from suppliers while providing smart advice and co-marketing within a web and mobile banking app.

Features

  • Offers a white-label service inside both web and mobile banking apps
  • Enhances the consumer experience through a gamification strategy and a targeted approach
  • Gathers and analyzes consumers’ financial data

Why it’s great
The programme defines patterns of consumer buying behavior and preferences through deep data analysis leveraging AI and machine learning to create targeted, beneficial offers that increase consumer activity and engagement.

Presenters

Yulia Clarke, Marketing Director
With demonstrated leadership, Clarke has a creative approach in managing strategy, corporate image, positioning of product and services, and supporting innovations inside the banking sector worldwide.

Lina Perez, Sales Director

Finovate Alumni News

On Finovate.com

  • IdentityMind Global Raises $10 Million to Fuel Global Growth.
  • Coinbase Launches Crypto eCommerce Acceptance.
  • Roostify Lands $25 Million to Disrupt the Mortgage Industry.

Around the web

  • Revolut partners with payment issuer processor GPS ahead of APAC launch.
  • Ripple teams up with Saudi Arabian Monetary Authority (SAMA) to begin cross-border payments pilot program using xCurrent.
  • NICE Actimize brings financial crime, risk and compliance technology to global provider of core banking systems technology.
  • South Africa’s Absa Bank goes live with Finastra’s CLS platform, PAYplus.
  • CASHOFF wins finalist spot in PFM & Robo Advice category of Innovate Finance’s 2018 Pitch360 competition.
  • Microsoft features Onfido. Come see Onfido at FinovateEurope next month!
  • Softtek and Mambu launch banking platform as a service.

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.

FinovateAsia Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateAsia on November 7 and 8 in Hong Kong. Pick up your tickets today and save your spot.

CASHOFF provides innovative solutions for banks by collecting and analyzing their consumers’ financial flows.

Features

  • Accurate forecasting of consumer buying behavior through itemization of receipts and predictive models
  • Customized loyalty
  • Data collection from different sources (banks, e-wallets, etc.)

Why it’s great
CASHOFF’s white-label analytical engine inside your e-banking system is a source of deep customer understanding. By integrating it, a variety of options to generate profit will be revealed.

Presenters

Dmitry Gorkov, CEO & Founder

Yulia Clarke, Marketing Director

FinovateFall Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

CASHOFF is a research laboratory. The main field of activity is development of a service for collecting and analyzing financial flows of bank clients.

Features

The service helps banks collect data, and creates profiles of clients based on a model of their finances (transactions) and preferences (receipts with items).

Why it’s a must-see
Complete knowledge about the client (all their finances and goods) allows banks to suggest the best matched offers. The results of the analysis are also used in scoring systems, loyalty programs, and mobile banks.

Presenter

Dmitry Gorkov, CEO
LinkedIn

Finovate Alumni News

On Finovate.com

  • Responsive Tiles from Geezeo Help Banks Build Personalized Digital Experiences.
  • Accenture Acquires Verax to Boost Canadian Operations.
  • Urban FT Bids to Acquire Digiliti Money [UPDATE: Bid Rejected]

Around the web

  • Let’s Talk Payments interviews David Vélez, founder of Nubank.
  • Visa to encourage Australian banks to embrace biometric authentication in new security roadmap.
  • InComm buys distribution rights to American Express’ prepaid reloadable and gift card business in the U.S.
  • Flywire Simplifies Compliance with New Cross-Border Education Payment Requirements in Ireland.

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.

CASHOFF Earns Spot in Inaugural Innotribe Startup Challenge Russia

And now for some news out of Russia that includes nary a mention of Messrs Trump and Putin.

Just a few weeks after their debut at our developers conference in London, CASHOFF has won a place in the first ever Innotribe Startup Challenge Russia. The company, which specializes in collecting and analyzing financial data for use in credit scoring, loyalty programs, and PFM solutions, will join nine other startups in St. Petersburg, Russia to pitch their technologies during the Bank of Russia’s International Financial Congress.

“Innotribe Russian finalists present original, prospective, and ready-to-use products, which proves that (the) Russian fintech industry has overgrown the stage of following trends and ideas from developed markets and is ready for global fintech competition,” Bank of Russia deputy governor Olga Skorobogatova said. Companies participating in the challenge will get complimentary mentoring sessions – both in groups and individually – ahead of their pitches at the Congress. Audience members will select the three best startup pitches and those companies will be invited to participate at SWIFT’s annual global financial services conference, SIBOS. Those top three companies will also earn a $10,000 cash award.

Pictured: CASHOFF CEO Dmitry Gorkov during his presentation “Collecting and Analyzing Financial Data” at FinDEVr London 2017.

Kevin Johnson, Head of Innotribe Innovation Programmes at SWIFT underscored the opportunity of startups to gain “expert mentoring” and “exposure to financial institutions.” SWIFT’s Head of Russia, CIS, and Mongolia praised the “buoyant Russian fintech environment,” and called the collaboration between SWIFT, the Bank of Russia and Rosswift “very intense and very enriching.” Joining CASHOFF in St. Petersburg will be:

  • BankEx
  • Emotions Tech
  • Evotor
  • Iocus-soft
  • Moneycare
  • Oz Forensics
  • SCORISTA
  • TalkBank
  • VentureClub

Founded in 2013 and with offices in Limassol, Cyprus and London, U.K. CASHOFF discussed strategies for collecting and analyzing financial data at FinDEVr London 2017. The company’s technology enables users to see their complete financial picture from payment cards to checking deposits to loans. Available as a mobile app for both iOS and Android –  CASHOFF automatically imports data from the user’s bank, e-wallets, and mobile network operators, categorizes transactions and generates budgets automatically, and provides detailed expense reports and recommendations for ways to save money and grow income.

“CASHOFF is a perfect title for a service dealing with the internalization of monetary transactions,” Gorkov wrote in an article for Entrepreneur Handbook earlier this year. “The system really helps to save money by searching optimal ways of planning (a) budget.” He added that the company plans to “develop a partner network, implement interesting events, special propositions, and bonus programs” in the near future.