FinovateEurope 2012 in the Press

Here’s a look at press coverage from FinovateEurope on Tuesday:
ABA Banking Journal
Innovative payment startups, 2012 Edition
ArcticStartup
ETRONIKA Creates Kinect-Based Security For Online Banking
by Greg Anderson
Backbase Blog
FinovateEurope 2012: a brief review 
by Jelmer de Jong

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Bank Innovation
7 New Services Launched at FinovateEurope 2012
by Mary Wisniewski
Banking Technology 
Finovate Europe packs in the punters
Blick Log 
Finanzinnovationen von der Finovate
by MNOCKERL 
bobsguide
Finovate Europe points way to the future
by Neil Ainger
Celent
Another take on Finovate
by Gareth Lodge
FinovateEurope 2012: More Payments and Mobile, Less PFM
by Zilvinas Bareisis
Innovative Payments Startups, 2012 Edition
by Zilvinas Bareisis
Commercial Integrator
Etronika Unveils Improved Microsoft Kinect-Based Online Banking
by Rachel Cericola
Finance 2.0
Finovate 2012: Der erste Eindruck
by Boris Janek
Financial Services Club Blog
The best of innovation in finance: #Finovate Europe 2012
by Chris Skinner
Finextra
Live at Finovate
by Pat Carroll
Finovate
AcceptEmail’s Service Creates an Electronic Bill that Can Be Paid by Mobile
Actiance’s Socialite Engage Helps Advisors Manage Social Media
Aimia and Cardlytics Help Merchants Track Offers and Revenue
Backbase Improves Bank 2.0 Portal Manager
Business Centric Services Group Launches CreditHQ
Brokertainment’s StockBattle Lets Users Engage in Social Betting on Stocks
CurrencyFair Launches QuickTrade Feature
Dynamics Shows Off Smart Credit Card
eToro Introduces Guru Finder, Launches iPad App
ETRONIKA Revolutionizes How Users Interact with their Online Bank
Fenergo’s Deal Manager Helps with Client On-Boarding and Account Opening
Figlo Makes Financial Planning Accessible on Any Device
FinovateEurope 2012 Live Twitter Transcript
Finsphere’s Solutions Keep Online Banking Secure
Fiserv Introduces Mobiliti M-Cash
Handpoint Launches Secure Payment Solution for Tablets and Smartphones
Holvi Unveils Group Account Technology
IND Group’s Banking-Front Office Gamifies Personal Finance
InvestorBee From DCisions Helps Users Make Sound Investment Decisions
Ixaris Demonstrates Customizable Card Program in a Box
Kabbage’s ScoreKard Gives Online Merchants a Dashboard of Health
Liqpay’s Zip.liqpay.com Allows for Easy Online Payments
Luup’s Wallet System Facilitates the Internal Authorization Process
Meniga Upgrades PFM to Align with How People Think About their Money
miiCard Launches Open Beta of a Digital Passport for Online Identification
Mootwin Enables Users to Better Manage Mobile Ap
ps
Nutmeg Offers a Tailored Investing and Saving Experience
PayPal Demonstrates Instant Account Creation
Ping Identity Shows How Financial Institutions Can Use Social Networking Logins
Sandstone Launches Mobile Banking App
Serverside’s Technology Creates Viral Marketing Through Facebook
Service2Media Enables Secure Mobile Payments
Striata Launches Paperless Adoption Technology
Tradeshift’s Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices
VALid from ValidSoft Uses Voice Authentication
Wipro Brings Customer Acquisition to the Tablet

ForresterLogo.jpgForrester Blogs

Finovate Europe 2012: Innovation In Digital Financial Services
by Benjamin Ensor
FSTech
Finovate Europe: best of show winners
by Scott Thompson
Hotwire PR blog
Finovate Europe 2012 – the aftermath
by Ben L
I Programmer
Kinect The Ultimate Security Device
by Harry Fairhead
Inside Brunei fm
ETRONIKA Brings online banking to Gesture Control, But Why?
by Roshan Jerad Perera
miiCard Blog
Impact of Financial Services in 2012, from FinovateEurope
by Cassie Anderson
A Cookie for Your Thoughts
by Cassie Anderson
Mircea Mihaescu Blog
Finovate London– More Old News?
by Mircea Mihaescu
Money Marketing 
Ian McKenna: Technology the key to building scale
by Ian McKenna
Ian McKenna: The new wave of FS tech
by Ian McKenna
My Bank Tracker
Wave Your Arms in the Air: Etronika’s Gesture-Based Banking
by Willy Staley
Nutmeg Blog
Nutmeg wins ‘Best of Show’ at Finovate Europe
by Aisha, Jono and Nick
OCTO Talks!
Innovation dans les services financiers: Retour sur Finovate 2012
by Joseph Glorieux 
Partners in Prepaid
Finovate 2012: New Kids on the Block
by Duygu Tavan
Payment Observer 
Trends and Innovation in Finance: FinovateEurope 2012
by Martin Schuppelius
psfk
Kinect-Powered Online Banking Logs You In With Your Face And Voice
by Emma Hutchings
Slash Gear
ETRONIKA produce Kinect-based online banking
by Chris Burns
TechCrunch Europe
Lithuanian company develops Kinect-powered online banking system
by Mike Butcher
TekFin
Financial Services and Data exhausts
by Yann
Ubergizmo
Kinect based online banking from Etronika a reality now
by Edwin Kee
Visible Banking
Cardlytics: Merchant Coupons within Online Banking [INTERVIEW]
by Christophe Langlois
Currency Fair: the P2P Marketplace to Exchange Currency on your Terms [INTERVIEW]
by Christophe Langlois
Visible
BankingLogo.jpg
Etronika: Kinect Banking at the Branch, Minority Report Style [INTERVIEW]
by Christophe Langlois
etoro: Copy Trading, Gamification and Personal Branding [INTERVIEW]
by Christophe Langlois
Finovate Europe 2012 (Photos, Videos, Crowdsourced Blog Coverage)
by Christophe Langlois 
Holvi: One Stop Shop for Groups – Crowdfunding, Budgeting, Expensing
by Christophe Langlois
iBrokr’s StockBattle: the World’s First P2P Option Game [INTERVIEW]
by Christophe Langlois 
IND Group: Bringing Gamification into the Online Bank [INTERVIEW]
by Christophe Langlois
Kabbage: for SMEs, More Social Media Engagement = More Cash [INTERVIEW]
by Christophe Langlois
LiqPay’s Zip: a Payment Details Shortener ‘bit.ly Style’ [INTERVIEW]
by Christophe Langlois
Meniga’s CEO: PFM Fully Integrated to Online Banking [INTERVIEW]
by Christophe Langlois
Nutmeg: Providing Private Banking Services to the Masses [INTERVIEW]
by Christophe Langlois
Ping Identity: Tapping Social Media to Customize Customer Experience in Banking
by Christophe Langlois
Serverside Group: Customize your Card Design on Facebook [INTERVIEW]
by Christophe Langlois
Vision Research Lab
Finovate– look out for these companies
by Duygu Tavan
Finovate– Who to look out for
by Duygu Tavan
Finovate: Hot stuff from Finland – meet Holvi
by Duygu Tavan
Zawya
Luup launches Mobile Travel Authorisation & Budget Management Service

FinovateEurope 2012 Best of Show Winners Named

Ixaria CIO Tim Murfet & Marketing Dir Barbara Durand present at FinovateEurope 2012 

imageAt Tuesday’s second annual FinovateEurope, 35 companies laid it on the line within the grueling 7-minute demo format plus a day of networking in the old London fish market on the Thames.

For the first time ever, and much to our astonishment, every demo finished at or under the time limit. Thankfully, we never had to hear the bell signifying that time is up.

At the end of the last demo, eligible audience members (note 1) voted for their three favorite demos (note 2). All 35 companies received votes (employees of presenting companies cannot vote), but four stood out in the vote tally (alphabetic order):   

  • imageCardlytics (with Aimia) showed its in-statement ad platform and management tools (demo recap)
  • imageDynamics which launched its “chip and choice” card for
    the chip & pin world (demo recap)
  • imageeToro which launched its crowd-sourced “guru finder”
    to help locate traders to follow/copy (demo recap)
  • imageNutmeg launched an investment service focused around the needs
    of the everyday investor (demo recap)

FinovateEurope networking hall was wall-to-wall bankers at mid-dayDynamics and eToro are previous Best of Show winners. You can read our live blog posts on each demo now. And in two or three weeks we’ll have the full demos available at Finovate.com.

Thanks to everyone who attended and presented. We are truly humbled by the support from the European financial community, and we are already making plans for the 2013.

——————————

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.   
2. Attendees were encouraged to note their favorites as the day went on and choose three favorites only from the demos of that day. Ballots were turned in at the end of the last demo session each day. 
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted.” 
4. The four companies appearing on the highest percentage of submitted ballots were named Best of Show.

eToro Introduces Guru Finder, Launches iPad App

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To start the afternoon session, eToro showed us Guru Finder that allows investors to quickly create and implement trading strategies:

“eToro’s newest innovation on its social trading platform OpenBook is the Guru Finder, which allows users to create personalized and detailed trading strategies that they can easily implement in minutes. It supports copy trading with a very detailed analysis/filter tool to enable users to create their own customized, people-based portfolio. Investors can filter and dissect the largest trading community by different dimensions such as Activity, Risk, Performance and Instruments traded and pick a personalized trader line-up for their people-based portfolio. The visual implementation resembles e-commerce filtering mechanisms, ensuring seamless and intuitive dissection of large data sets to achieve fast and meaningful results.”

Product Launched: February 7, 2012

HQ Location: Limassol, Cyprus
Company Founded: January 2007
Metrics: 190 employees, offices in the U.S., Europe, and Australia, $16.6 million raised, over 1.75 million registered users
Website: etoro.com

Presenting Yoni Assia (CEO) & Alon Levitan (Head of Strategic Marketing)
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Finovate Alumni News– February 1, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPlastyc’s UPside Visa named winner in sixth annual Paybefore Awards.
  • TechCrunch reports IBM buys WorkLight for $70 million.
  • StockTwits partners with Q4 Web Systems.
  • Actiance announces Socialite Engage to help advisors strengthen client relationships and drive new business. See its live demo at FinovateEurope next week.
  • Luup wins the Financial-i Leaders in Innovation Award for Most Innovative New Mobile Corporate Banking. See its live demo at FinovateEurope next week.
  • eToro releases Chinese version of OpenBook.
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– January 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHelloWallet receives $12 million in funding.
  • MercuryNews reviews Jemstep’s online investment advisor.
  • CBS Money Watch hosts Jeff Mullen, CEO of Dynamics, to discuss the increased security of Card 2.0.
  • Know Your Mobile focuses on eToro’s mobile trading app for Android. Come see eToro at FinovateEurope Feb 7.
  • Finextra reports Bank of Georgia implements ProfitStars social media compliance tool.
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.

FX Empire Crowns eToro With Best Social Trading Platform Award

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eToro announced yesterday that it was selected best social trading platform by FX Empire, a financial information website:

“The committee of FX Empire, comprised of journalists, analysts and traders, decided in favour of eToro’s trading platform due to its ability to provide eToro customers with full transparency and control over their investment portfolio.”

The startup was chosen out of a large group by brokers who nominated eToro for the award.

To learn more about eToro, watch its FinovateFall 2011 demo.

Finovate Alumni News– January 13, 2012

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  • AOL’s Daily Finance lists LearnVest and ReadyForZero as resources to take control of your finances.
  • Entrepreneur test drives MyCyberTwin’s customer service bot.
  • FiPath unveils its Express Rollover Center.
  • cbanc Network’s FI user base grew seven-fold in 2011.
  • FX Empire crowns @eToro with Best Social Trading Platform Award.
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– January 3, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgRobotDough leaves GoDaddy due to SOPA support conflict.
  • Philly.com describes the Jemstep signup process.
  • Providence Business News reports Andera moves to a new office building.
  • eToro blog launches new column dedicated to analyzing the weekly activity on eToro OpenBook.
  • Forbes looks at Dwolla’s payment revolution.
  • Ping Identity announces PingFederate is now available as an Amazon Machine Image on the Amazon Elastic Compute Cloud.
  • Credit Karma launches free credit monitoring service.
  • The Receivables Exchange announces strategic alliance with Insperity Investment.
  • Lending Club removes service fee on large loans.
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.

2011 Funding for Finovate Alumni– Over $423 Million Raised

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:
  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:
January — $40.8 million raised by 3 companies
February — $10.3+ million raised by 3 companies
March — $20.4 million raised by 4 companies
June — $124.4 million raised by 8 companies
July — $1.1 million raised by 1 company
August — $103.4 million raised by 8 companies
September — $33 million raised by 1 company
October– $22 million raised by 2 companies
November — $16.3+ million raised by 3 companies
December — $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to [email protected] and I will add it.

FinovateEurope 2012 Sneak Peek: Part 2

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As promised last week, here is our second “sneak peak” into the hot young startups and established leading companies that will demo their latest fintech innovations at the second annual FinovateEurope next February 7th in London.
As we mentioned in the first sneak peak, we asked each handpicked company to “whet your appetite” by providing a short summary in their own words of the innovation that they will be debuting on stage. We’ve compiled them below.
Don’t miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you’ll lock in the early-bird price!
_______________________________________________________

BackbaseLogo.jpg

Backbase will be presenting major new features in its Bank 2.0 Portal Manager, focusing on the following key points:
  • Improved editor for page composition on regular browsers and mobile devices
  • Advanced segmentation and targeting for different customer groups
  • Fully integrated forms editor for enrollment and BPM
  • Advanced analytical and performance tools
Innovation type: Marketing, mobile and tablet UI, online UI


CardlyticsLogo.jpg

Aimia’s unique advertising platform, powered by Cardlytics, enables banks to deliver rich, relevant rewards to their customers. The platform uses customers’ unique purchasing history to deliver rewards that strengthen retention rates, increase card usage and improve customer relationships. The Cardlytics platform does all this without the need for any personally identifiable customer data.   
Critical to the success of the programme is merchant engagement. Aimia and Cardlytics will be demonstrating the portal which is used by merchants to track offers and report on revenue. The suite of merchant management tools allows merchants to deliver targeted strategies that deliver measurable results. 
Innovation type: Cards, marketing, rewards
eToroLogo.jpg

eToro provides you with immediate access to the largest investment network in the world giving you the ability to quickly find and easily build your own people-based portfolio of top performing traders. Automatically copy every trade your personal dream-team makes into your own investment account and start copying the success of the most successful traders. 
eToro reinvents the way people invest their money by propelling them into the fast growing world of social investing. Take advantage of the wisdom of the crowds and make smarter investment decisions with full transparency and control over your invested funds at any given time.
Innovation type: Investing, online UI, PFM
FenergoLogo.jpg

KYC compliance is a hot topic for financial services and Fenergo will introduce its Deal Manager application for client on-boarding, KYC compliance and account opening.
Fenergo will demonstrate how banks and financial institutions can reduce the burden and cost of KYC compliance with its straightforward application which manages all of the complex KYC data gathering and document processes and ensures full compliance with industry regulations. 
The best bit is that its Deal Manager application also supports credit processes and legal document execution, so processing new client applications has never been so straightforward. 
Innovation type: Back office, sales
FigloLogo.jpg

An onboarding tool that increases customer engagement at the same time? Figlo offers you a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible for everyone on any device. 
Curious? Figlo’s 7 minute demo will reveal the power of financial insight.
Innovation type: Mobile and tablet UI, sales

HandpointLogo.jpg

Handpoint will be demonstrating the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. The solution supports all card payments; magstripe (MSR), Chip & PIN, Chip & signature and contactless NFC Payments (2012).
With Handpoint’s Platform-as-a-Service acquiring, banks and MNOs can offer small/micro merchants card payments, tablets, and smartphones under their own brand name.
Innovation type: Payments, mobile and tablet UI
HolviLogo.jpg

Holvi replaces the plain old bank account with a current account built from the ground up for group activities. It helps customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations and they can do all their banking with Holvi, without needing another bank account. 
Holvi is regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and it has the necessary banking partnerships in place to operate payment accounts for customers on a pan-European basis.
Innovation type: Banking, online UI, payments

PingIdentityLogo.jpg

Facebook logins are crucially important. Online banking logins are severely difficult to remember. Can something be done about this and still meet the highest standards of identity security? 
Ping Identity will show you how to deliver the best login experience to your prospects and customers. Don’t turn them away with form filling and repetitive password requirements. Give them access to your financial networks and partners. Build trust and relationships with your customers.
Innovation type: Identity, marketing, security
MenigaLogo.jpg

Meniga is expanding its PFM solution to add a new, highly user-centric layer on top of traditional online/mobile banks. 
The interface de-emphasizes real accounts and actual balances and instead shows “uncommitted balance” and virtual accounts. It also allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account’s balance becomes too low to meet commitments and forecasted expenses.
Innovation type: Online UI, Payments, PFM
NutmegLogo.jpg

Investing is scary. I can invest, but I forget to buy or sell or rebalance. My financial advice has been useless. I want to be in control of my finances. I know I should be doing more with my money. 
Nutmeg knows that investing is about more than money. It’s a passport to the life you want. That opportunity shouldn’t be reserved just for the wealthy, or just for those in-the-know.
Nutmeg asks, what if investing were simple and beautiful? And what if everyone could do it?
Innovation type: Investing, online UI, PFM
SeversideGroupLogo.jpg

Banks around the globe have really struggled to understand how they can leverage the power of Facebook. 
Serverside has developed a new and unique way to leverage Facebook in an exciting and engaging manner that drives real brand value, loyalty and engagement from your customers.
Innovation type: Cards, marketing

StriataLogo.jpg

Going paperless saves money and improves customer service. However, most customers are not switching off paper because the registration process is inconvenient, complicated and results in having to remember another username and password and to fetch the document every month.
Striata’s eConsent puts you in control of the paperless conversion process. Its clients are exceeding their paperless objectives and achieving a positive ROI in a matter of months.
Innovation type: Back office, communications, marketing

TradeshiftLogo.jpg

What would make the biggest impact on the way you manage cash flow and financing? Improved processes? Streamlined operations? Or maybe more flexibility in the way you manage payment terms with suppliers?
Things change. Shift happens. Tradeshift has already transformed invoicing, now its doing the same with supply chain finance. 
Innovation type: Back office, payments, small business

Finovate Alumni News– December 5, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from Mint.com.
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma’s tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in 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.

eToro Adds Live Discussion Feed

eToroLogo.jpg

Investment network eToro announced yesterday that it has added a live discussion feed to provide users a method to communicate outside of each others’ profiles:

“OpenBook is enabling traders to follow the general buzz on the network through a live discussion feed that brings all current discussions to the user’s attention.”

The discussion feed joins general feed, the top 100 feed, and the watch list feed on the OpenBook platform.

To learn more about eToro, watch its FinovateFall 2011 demo.