Finovate Alumni News– May 21, 2013

  • FinovateLOGO.jpgBirdback teams up with Braintree for 3-day payments hackathon.
  • Indiana Members CU chooses Jack Henry & Associates’ Symitar for in-house core processing.
  • Keynote DeviceAnywhere adds mobile scripting, UI enhancements.
  • VoiceTrust moves operational headquarters to Canada, opening offices in Toronto and Montreal.
  • Figlo expands partnership with Yellowtail Consulting to enable stronger focus on South Africa.
  • Wipit partners with Sprint/ Boost Mobile to bring mobile payment capability to cash-preferred consumers.
  • Virtual Piggy signs first UK partners, Toy Galaxy and Toadstool.
  • eToro granted UK financial regulation approval from the Financial Conduct Authority (FCA).
  • Tyfone releases Connected Smart Card solution to allow FIs to enhance user ID info used to access sensitive data.
  • Tradeshift partners with Invoiceware International to deliver compliant e-invoice validation in Latin America.
  • BillGuard to integrate with Google Wallet for transaction monitoring.
  • SigFig Portfolio adds support for Windows Phone.
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– March 1, 2013

  • Finovate-F-Logo.jpgMetaforic’s self-defending software immune system named the Gold winner by Info Security Products Guide’s 2013 Global Excellence Awards.
  • Worldwide Insure names Expensify the February Travel App of the Month.
  • TIO Networks expands Services with First Data’s Money Network Prepaid Services.
  • Bloomberg Television interviews Klarna CEO Sebastian Siemiatkowski.
  • CashStar co-founder, CEO David Stone to lead panel on mobile shopping and gifting at Prepaid Expo.
  • AEGON Turkey insurance sales processes go mobile with Figlo tablet solution.
  • Lending Club appoints former Visa President as Director.
  • Apps from BBVA Compass, Pageonce, and Simple highlighted in American Banker’s list of the top ten, most progressive mobile banking apps.
  • My Money Blog reviews Jemstep Portfolio Manager.
  • Co-founder and CEO of Birdback, Nicolai Watzenig named guest speaker at eDeal Summit.
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– February 5, 2013

  • Finovate-F-Logo.jpgCachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.
  • Finextra reports SafetyPay opens up to German-speaking markets.
  • Lendio reports 2012 growth metrics.
  • Expensify listed as 1 of 4 apps to helps save and manage your money.
  • TechFaster interviews BillGuard CMO Mary Anne Keegan.
  • Business Insider interviews Josh Reich, Simple founder and CEO.
  • Xero makes Bank Reconciliation available to Android users.
  • edo Interactive’s new Marketplace platform targets small, local businesses.
  • Check out Finovate’s infographic of FinovateEurope 2013 innovation themes.
  • Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.
  • SigFig-powered USA Today Money Portfolio Tracker launches
    in app store.
  • CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.
  • Continuity Control partners with Community BancService Corporation.
  • TSYS technology at work in Visa’s Saral Money program in India.
  • Rabobank launches Figlo-powered widgets for online banking homepage.
  • BrightScope ranks top 25 law firms with highest-rated 401(k) plans.
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 30, 2013

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  • Jemstep launches new Portfolio Manager service.
  • Aite Group names ACI Worldwide “Vendor to Watch” in 2013.
  • Acculynk‘s PayLeap now features API developer integration tools.
  • Figlo is 1 of 16 companies to join a global alliance with Microsoft.
  • American Banker reports Simple Enacts New Security Features.
  • All Things D lists Tuition.io as 1 of 2 companies to help college grads with empty pockets.
  • Netbanker reports: Movenbank Provides a Peek at its User Interface. Come check it out at FinovateEurope, less than 2 weeks away.
  • Experian extends Precise ID fraud prevention to online Social Security related services.
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– December 5, 2012

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  • Mitek to power US Bank’s mobile photo bill pay; launching early 2013.
  • Fiserv reaches milestone, delivers 2 billionth e-bill.
  • The Financial Brand looks at Knab’s online bank that runs on Figlo’s platform.
  • The city of Cincinnati partners with SoMoLend to support small businesses.
  • Forbes ranks Keynote Systems “one of the best 100 companies in America.”
  • US Airways implements MasterCard PayPass for in-flight purchases.
  • Keynote Systems DeviceAnywhere now integrated with HP’s QuickTest Professional.
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.

Figlo launches Tablet Solution for Financial Product Advice

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Next, Figlo demonstrated how its consumer portal can help FIs engage customers:
“Figlo announced the global launch of their tablet solution for Financial Product Advice. Figlo offers insurance companies a leading edge tablet application for financial product advice which gives a quick overview of the client financial situation and facilitates product advice and sales. 
The tablet solution will push the boundaries of current financial product advice in the insurance and bancassurance industry, and shows how it can help advisors and sales agents to provide more transparent and interactive advice to their customers. The application integrates with Figlo’s applications for personal financial planning and personal finance management for complete financial insight. Through a secure connection with an existing CRM system, mid- and back office basic client data is already pre-filled.”
Product Launch: Q2, 2012
HQ: Capelle aan den IJssel, Netherlands
Founded: October 1996
Metrics: Founded and funded by 7 shareholders. 82 employees in the Netherlands, a development team in the Philippines, used by more than 15,000 financial advisors and 2 million consumers.
Website: figlo.com
Twitter@Figlo
Finovate demo video: Demo videos will be posted next week
Introducing Stu Garrow (Managing Director, TechInject)

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FinovateAsia 2012 Sneak Peek: Part 2

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Here is the second and final look at the companies that will demo at FinovateAsia on November 6 in Singapore. Each company provided a short summary of the innovation they will debut on stage. In case you missed it, check out Sneak Peek Part 1.

Don’t miss the opportunity to experience the hottest innovations in financial technology at the very first FinovateAsia. Get your FinovateAsia ticket here.

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ayondo shows the newest and third generation of their web application which will be the next 

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generation of social trading. Simply follow the best traders automatically with your brokerage account.
Innovation type: Banking, investing, PFM

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Backbase delivers Bank 2.0 Portal software that provides a new user experience layer on top of underlying infrastructure and IT systems. It gives financials the opportunity to create interactions that link customers to relevant information and applications to fit their needs and preferences. With its modern, widget-based architecture, Backbase Bank 2.0 Portal provides the flexibility and speed to create modern portals that truly empower the customer.

Innovation type: Marketing, mobile, online
BankBazaar.com will demo its 7-minute Credit eApproval 

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process highlighting the platform’s real-time integration with underwriting engines, loan origination systems, net-banking systems, and online payroll management tools. Combined with a full service CRM system powering credit and sales work flow management, the platform delivers 7-minute eApproval via online, mobile, and tablet interfaces.
Innovation type: Lending, mobile, online

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Clari5 iRM brings extreme real-time intelligence to Relationship Managers (RMs) on the move. Typical RM mobile apps are screen extensions of CRM and are not connected in real-time to the underlying core systems. Consequently RMs are the last ones to know when a significant moment of truth event happens. 
Clari5 iRM is a next generation product that interprets customers’ structured/unstructured events in real-time and provides an inference instantly empowering RMs to provide more personalized services. Clari5 iRM also leverages the full power of the device by using its real-time push, GPS, voice recognition, video, and screen sharing capabilities.
Innovation type: Marketing, mobile, sales

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Can publicly available information gleaned from Facebook, Twitter, LinkedIn and other online sources 
help financial institutions predict financial risk?
DemystData helps financial institutions tap into the explosive growth of online, social, and internal data to make better customer decisions. Our latest innovation navigates some of the world’s newest data sources to provide our clients with a deep, holistic view of the modern day consumer, and then uses this information to assess consumer risk and behaviour.
Innovation type: Identity, lending, marketing

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Need an onboarding tool that increases customer engagement? Figlo offers a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible to everyone on any device anywhere.
Innovation type: Marketing, online, PFM

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See how financial institutions can save millions by implementing BankFiling, a new innovation from Luminous that delivers short ROI yet requires limited investment. A whole new approach to commercial and business banking. A must see for all financial institutions!
Innovation type: Banking, lending, small business
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Pandai.cn delivers next generation peer-to-peer 2.0 lending services in China by answering what the future of peer-to-peer lending should be. It should be safe, transparent, inclusive and easy-to-understand. 
You’ll see how easy it is to invest in creditworthy borrowers that have passed our robust credit risk management system.
Innovation type: Investing, lending, PFM

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Can you tag your financial position, identify the cross vertical exposure by currency, industry, issuer, region real-time; on-demand? The last 30 years have seen amazing advances in technology that have transformed the world. In the world of financial technology, all of this power has been applied to develop more complex instruments – derivatives, swaps, CDO’s CDS’s – faster and faster trading platforms – “flash trading” and co-location, and risk analytics and trading models.
But, the ability to track and account for this explosion of trading vehicles and volumes is right where it was 30 years ago. Not anymore, come see the future of transparency.&n
bsp;
Innovation type: Back office, insurance, investing

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PocketSmith is the comprehensive personal finance app with cashflow forecasting. 
We think that the best way to organize and control your money is to relate it to events in your life by using a calendar. This way, financial planning becomes a part of your daily routine rather than a chore.
As you plan, PocketSmith’s calendar shows you the progress of your money over time, so you will better understand how your financial decisions affect your future.
Innovation type: Mobile, online, PFM

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Want to know the secret to getting 60% of your customers to say yes to eBilling? All it takes is 7 minutes to see why email delivery of bills and statements is what gets customers to turn off paper forever.
Join Striata as we demonstrate our powerful interactive bill which is encrypted, has integrated eConsent, shared password security, instant dispute capability, and mobile one click pay.
With registration-free push email billing, you can drive traffic to your portal, cut your costs and deliver bills and statements right into your customers’ hands. Convenient, secure, mobile ready.
Innovation type: Communications, payments

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In the last 4 years, Tagit Mobility Platform Mobeix has been adopted by several leading enterprises. But, we believe mobility should be for all– large, medium and small enterprises. 
With this vision, we started our journey to build the Mobeix Open Platform through which enterprises can build, launch and manage apps on their own. Using the Tagit Open Platform, merchants and enterprises will be able to develop and deploy apps for their customers and employees in no time. We will demonstrate how easy it is for anyone to register and start building apps.
Innovation type: Banking, mobile, security

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TradeHero empowers ordinary people to make money from the financial markets. Traders are able to place real-time virtual trades against stock exchanges and TradeHero generates performance rankings of the trader community. 
Members of the TradeHero community can follow the top-ranked traders for a fee. Traders can build a following around themselves and monetize off their trade-feeds while those following get relevant, pertinent and timely financial trading tips and feeds.
Innovation type: Investing, mobile, payments

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The world is increasingly adopting smartphones and social media. Leading FIs are beginning to leverage these seismic shifts in communications for competitive advantage, reducing costs and generating new revenue streams. Smartphones change user expectations about online banking services, functionality, and interactivity. They also present new risk vectors that cannot be ignored. 
Zighra’s patent pending mobile technology provides unique interactivity, building closer customer relationships by increasing security, trust, and satisfaction while significantly reducing fraud and associated costs.
Innovation type: Communications, mobile, security

Finovate Alumni News– October 2, 2012

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  • InComm celebrates 21 years in the payments industry.
  • Backbase introduces My Backbase, a platform supporting integrators, partners, professionals, prospects and customers.
  • ID Analytics and iovation partner to fight online fraud.
  • Yodlee strengthens management team with three key executives.
  • The Financial Brand features SaveUp’s saving gamification model.
  • Monitise announces partnership with eMerit Solutions.
  • Fenergo enhances FATCA Compliance Solution with auto-classification.
  • Cortera appoints Gary Brooks as Chief Marketing Officer.
  • Entrepreneur Magazine features the success of a business recieving financing through Lighter Capital.
  • Geezeo signs Riverside Community CU.
  • TechCrunch reports: Braintree eases signup process for developers
  • Money Marketing takes an in-depth look at FinovateFall demos.
  • MyBankTracker reports MoneyDesktop launches Sleek Mobile Apps.
  • New Dutch bank uses Figlo Platform to offer online financial overview.
  • Citi using Statement Rewards from Truaxis to bring card linked offers to cardholders.
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– September 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNew Dutch bank uses Figlo Platform to offer online financial overview.
  • InComm & ValuAccess partner to expand prepaid market in Hong Kong.
  • Las Vegas Review-Journal reports Kabbage helps e-tailer keep the orders moving.
  • FreeMonee wins Bronze Stevie Award in 2012 American Business Awards.
  • ChecknGo FinLab Blog interviews Casper Wong of CommunityLend.
  • Capital Access Network announces increased availability of small business loans through subsidiary, NewLogic Business Loans.
  • Bill.com named 2012 Product of the Year by the Business Intelligence Group.
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.

CEO Interview: Figlo’s Albert van den Broek

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This month, we interviewed the CEO of Figlo, Albert van den Broek, to gain insight into Figlo’s global wealth management strategy.

Van den Broek has served as CEO for over 5 years, during which time Figlo has demoed its platform at FinovateEurope 2011 (demo), FinovateSpring 2011 (demo), and FinovateEurope 2012 (demo).

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Finovate: We last had Figlo onstage at Finovate this February at our 2012 London conference where you demoed your new consumer portal. What has been the overall response to your new platform in the last several months?

van den Broek: We’re getting a lot of positive feedback regarding our latest development of the Figlo Platform. Actually, the Facebook integration of PFM and financial planning we did show at FinovateEurope is just one of the possibilities our platform does offer, and showed that the platform enables banks to interact with their (potential) clients where they spend most of their time, for instance on Facebook. The flexibility of the Figlo Platform, together with the ability to add financial planning and product advice to PFM is unique.. It’s ‘beyond PFM’ what we offer; exactly what the financial industry currently needs.

Finovate: Over the next few years, how do you see the wealth management technology evolving?

van den Broek: We experience an increasing demand for solutions that are simple, transparent and focus on the client’s actual needs. At the same time, these solutions need to be compliant and able to be used for self-service concept as well as for the professional advisory market, and be device agnostic. Current mainstream wealth management solutions will have a challenge to deal with this changing environment as most solutions focus on the communication of current and future asset allocation only. Our main mission is to offer solutions that create a holistic financial insight for everyone. They need to cover all slices of the total pie. We invested years to build a platform that covers all mentioned aspects, seamlessly integrated.

Finovate: Figlo has a geographically diverse global customer list. What sort of differences are you seeing in financial technology innovation in different regions?

van den Broek: Although our clients are diverse, and we need to deal with a lot of cultural aspects, the need for a better understanding of the personal financial situation is universal. The world is growing smaller and smaller in this respect. Emerging economies like the BRIC countries do have the benefit of starting from scratch with the most modern solutions, where the U.S. and E.U., for instance, do suffer from a lot of legacy in terms of accessing the information that is needed to create a complete financial picture for customers. The law of the handicap of a head start does apply here. It’s amazing to see the innovative solutions, for instance, banks and insurers in Russia, Brazil and India already do offer to their clients.

Finovate: Security and privacy are major issues online these days, especially around financial information. How are you addressing these issues?

van den Broek: Figlo does offer cloud solutions, running on the secured and Microsoft Azure Platform. It offers the most professional and secured environment currently available. Data is always stored in a secure environment, never on a device, so we even think that this is more secure than any other financial advisory solution available. However, we also offer the platform on premise to be able to offer tailored solutions.

Finovate: What has been the biggest challenge you have faced since becoming CEO of Figlo? How did you overcome it?

van den Broek: Delivering state-of-the-art applications is key for Figlo, however, you have to realize that the market is not always ready for the latest and greatest solutions. That basically means that timing is the hardest part. Sometimes I did feel that we were too far ahead, giving us sometimes a hard time to convince the industry that financial advisory will fundamentally change. Luckily, we’re now gaining momentum, and our vision to simplify financial advisory applications, integrate the whole financial picture and offer it to the global market proved to be right. Tenacity, stay true to your vision, together with a dedicated team it will finally bring you where you want to be and you will achieve your dreams.

Finovate: What advice would you give a young entrepreneur in the fintech industry?

van den Broek: A lot of new, young fintech entrants have the tendency to focus too much on features, neat UI’s, and the product. They forget to focus on the business case for the financial industry. What’s in it for the client? How does it drive more sales or lower costs for them? Try to focus on the ROI rather than too much on the ‘cool’ factor of your solution.

Finovate: Can you give us a sneak peek of what’s next for Figlo?

van den Broek: Figlo is currently working on a lot of different projects across the globe. Recently, we delivered a personal financial planning platform for a bank in Russia, a direct-2-consumer for the Indian market and a tablet sales agent solution for an insurer in Turkey. In the next months a lot of new exciting projects will be announced, so follow us on Twitter (@figlo) to get the latest news 😉

To learn more about Figlo, watch its FinovateEurope 2012 demo. Stay tuned for another CEO interview next month.

Finovate Alumni News– July 24, 2012

  • Silver Tail Systems announces the availability of Forensics 3.0 software.
  • International utility, National Grid, selects Striata for email billing and transactional services.
  • Social Trading Guru describes Currensee’s new leverage option.
  • Kabbage rolls out new tagline and logo design.
  • InComm forms partnership with Plastic Jungle and Zeevex.
  • Check out the latest CEO interview with Figlo’s Albert van den Broek.
  • Blackhawk Network to implement Prepaid Resources’ BenefitsDirect 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.

Finovate Alumni News– June 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple’s Safe to Spend balance feature.
  • Money Week discusses non-traditional banking methods such as Zopa and Wonga.
  • Radware and Check Point Software Technologies form partnership.
  • miiCard wins “Technology Innovation in Financial Services” at the 2012 Digital Technology Awards.
  • Mint.com partners with Zillow to give users home valuation reports.
  • Monitise seeks Bankers for possible LSE switch.
  • Mobile Payments Today reports Dwolla is out to change the way money moves.
  • Bill.com wins Stevie Award for customer service.
  • Russian NOMOS-BANK launches Figlo Platform for its premium banking customers.
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.