BehavioSec Showcases Technology that Removes the Burden of Security from the End User

This post is part of our live coverage of FinovateAsia 2013.

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Second up in this session, BehavioSec demonstrated how it removes the burden of security from the end user:
“User-friendly adaptive user authentication via risk based authentication, or behavioral biometrics, and the reality of legacy systems at our current customers.
BehavioSec extended its award-winning BehavioWeb and BehavioMobile solutions to offer policy-based behavior authentication actions.
This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user.”
Presenting Neil Costigan (CEO)

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Product Launch: April 2012
Metrics: 1.5M€, 12 employees, university spin out
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms & licensed
HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec

i-exceed technology solutions Presents Appzillon, a Next Generation Mobile App Development Platform

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This post is part of our live coverage of FinovateAsia 2013.

Starting this off after our first networking break of the day is the team from i-exceed technology solutions.

“Appzillon is the next-generation mobile application development platform that offers unparalleled reusability, speed, and control to app developers. Appzilllon allows developers to focus on delivering the best possible user experience instead of the time consuming and complex tasks of security, reusability and integration with backend enterprise systems. Net result: Appzillon helps slash app development cycle times by as much as 50%. This means apps reach the market sooner, while the overall cost of development designing and deployment is reduced.”
Presenting Kapil Gupta (Director) and Sudhir Babu (VP Technology)

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Product Launch: October 2012
Metrics: 140+ employees
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms, and licensed
HQ: Bangalore, India
Founded: May 2011
Website: i-exceed.com
Twitter: @Appzillon

Mistral Mobile Presents its Money Mobility Suite for Mobile Financial Services

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This post is part of our live coverage of FinovateAsia 2013.

Our final presenter of the first morning session is Mistral Mobile, with a demonstration of their Money Mobility Suite.

Money Mobility Suite from Mistral Mobile eliminates the technological barriers to providing mobile financial services. Money Mobility Suite is a mobile front-end solution that works on any phone, on any network and anywhere – allowing you to reach and serve more customers, with faster time-to-market, and higher cost efficiency than alternative solutions, driving your revenues and lowering your operating costs dramatically.
Presenting Peter Ollikainen (SVP Product Marketing) and Steven Frank (S.E. Asia Representative)

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Product Launch: Current version – November 2013
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platform providers
HQ: Finland
Founded: April 2012
Twitter: @MistralMobile

Advanced Merchant Payments Debuts Its Small Business Lending Solution

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This post is part of our live coverage of FinovateAsia 2013.

Next, Advanced Merchant Payments (AMP) launched its online lending solution that helps banks provide a short-term lending product to their small business customers:

“AMP’s small business lending solution offers an efficient and scalable managed solution by which banks can readily originate and manage a broad portfolio of small business loans. AMP solves the problem wherein banks find short-term, unsecured, lending to their small business account-holders costly and inefficient. 
AMP’s platform utilizes existing communication methods (including commonly accepted file formats) to bridge the divide between the Retail Banking and Business Banking activities of a bank – without the costs and difficulties inherent in formal bank system integration. AMP can manage all or some stages of the loan process: from Qualification to Verification, Credit Scoring, Approval, Disbursement, Daily Repayment & Risk Monitoring, through to Completion.”
Presenting Thomas DeLuca (MD) and James Lloyd (Director of Product Management)

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Product Launch: November 2013
Metrics: More than $25M USD in loans to small businesses in Hong Kong, Singapore, and the Philippines – representing approximately 90,000 loan days and 60,000 repayment events.
Product distribution strategy: Through financial institutions
HQ: Hong Kong
Founded: April 2009

Yodlee Launches Tandem App Internationally

This post is part of our live coverage of FinovateAsia 2013.

YodleeLogo2012.jpgNext, Yodlee took the stage to debut its Tandem app:

“Most people have multiple “shared finances” in their life. Spouses. Children. Elderly parents. Accountants. Advisors. Friends. So Yodlee is introducing Tandem – the first collaborative financial app that lets users securely establish and manage their social financial relationships. 
From tagging transactions, to sharing documents, to sending money, to collaborating with advisors and accountants, Tandem gives users the power to establish financial circles based on levels of trust and account sharing access. And Tandem gives financial institutions the ultimate mobile banking app.”

Presenting Katy Gibson (VP, Applications) and Melanie Flanigan (Head of Marketing)
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Product Launch: November 2013 (international)
Metrics: Yodlee is a global financial leader with 600+ customers, 50M+ users, and more than 700 employees worldwide. From leading financial institutions to Fortune 500 consumer service companies to the coolest startups, Yodlee powers innovative digital services shaping the future of customer interactions. With 25%+ year over year revenue growth, Yodlee continues to expand in existing and new markets globally.
Product distribution strategy: Direct to Business (B2B), through financial institutions & through other fintech companies and platforms
HQ: Redwood City, CA, USA
Founded: February 1999
Website: yodlee.com
Twitter: @yodlee

Pixeliris’ CopSonic Uses Sonic Communication to Create a Universal, Contactless Mobile Payment Solution

This post is part of our live coverage of FinovateAsia 2013.

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Then, Pixeliris stepped up to demo its universal mobile payment solution:
CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.
Our technology also allows the use of phones and smartphones for online passwordless authentication. It turns mobile devices into security dongles.
We have developed an SDK with our technology that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”

Presenting Emmanuel Ruiz (CEO & Head of Innovation) and Brian Roeten (Senior Product Manager)

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Product Launch: September 2013
Metrics: €210,000 in capital, 11 employees in France & 50 engineers around the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, and licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com

SaaS Markets Presents the MarketMaker Enterprise App Store Platform

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This post is part of our live coverage of FinovateAsia 2013.

Our second presenter of FinovateAsia 2013 is SaaS Markets. The team from San Mateo is here to show the MarketMaker Enterprise App Store Platform for Financial Companies.

“SaaS Markets’ MarketMaker Enterprise app store platform allows financial companies to deploy a fully branded app store containing your proprietary apps and/or selected software from our catalog of over 1,500+ pre-qualified business applications.”
Presenting Jay Manciocchi (Director of Content) and Cameron Ministri (Enterprise Sales Manager)

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Product Launch: January 2013
Metrics: Funding: $3.5M (private); employees: 20+ (U.S. & Europe); revenues: confidential, but fully profitable
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: San Mateo, California, USA
Founded: November 2011
Twitter: @SaaSMarkets

Kofax’s Solution Uses Multiple Channels to Enhance the Underwriting Process

This post is part of our live coverage of FinovateAsia 2013.

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Next, Kofax showed how its omni-channel solution accelerates and enhances the underwriting process:
“Kofax is demonstrating how lenders can engage borrowers directly on mobile devices enabling them to interact with the loan origination process. Specifically when loans are not in good order and trailing documents are required, the solution engages customers providing them multiple channels to accelerate and supply the complex underwriting process. 
While mobile is the preferred channel, an omni-channel approach is realized using web, email, or fax. Additionally as these supporting documents are processed, analytics technology provides real-time dashboards and visibility across channels of customer engagement and adoption highlighting patterns, trends, bottlenecks, and efficiencies for right channeling customers and improved decisions.”
Presenting Drew Hyatt (SVP Mobility) and Dimitri Snowden (Visual Strategist)
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Product Launch: March 13, 2013
Metrics: Subsidiaries: 30 countries, Employees: >1,200, Channel Partners: 800+, Products: Available in 70+ countries, Customers: 20,000+, London Stock Exchange: KFX, Revenue: $262.5M, Adjusted EBITA: $48.5M, Adjusted Diluted EPS: $0.38, Cash: $81.1M
Product distribution strategy: Direct to Business (B2B)
HQ: Irvine, CA, USA
Founded: 1985
Website: kofax.com

Payoneer’s Commercial Account Gives Businesses and Individuals Global Access to Their Funds

This post is part of our live coverage of FinovateAsia 2013.

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Then, Payoneer debuted its commercial account:
“The Payoneer commercial account offers businesses and individuals worldwide the ability to receive funds from a global network of corporate companies. Account holders have a variety of tools to access their funds, including low cost withdrawals to bank accounts worldwide, a Prepaid Debit MasterCard card that enables instant spending and ATM access, and options to transfer funds to local eWallets in select countries. 
The account can be managed from the Payoneer website or from a mobile application. Registration for the account is available via Payoneer’s website or directly from the website of companies that form the Payoneer commercial funds transfer network.”
Presenting Oded Zehavi (Chief Revenue Officer)

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Product Launch: October 2013
Metrics: 200+ employees, 1,000 Alexa, $40M+ in revenues for 2012
HQ: New York, NY, USA
Founded: 2005
Website: payoneer.com
Twitter: @Payoneer

LifePAD Pledges a Personal Online Bank Manager in Every Tablet

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This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Moscow-based LifePAD.

“LifePAD gives every customer an opportunity to have a personal online bank manager in his tablet that can be reached with any question 24/7.”


Presenting Alexey Mikhaylik (CEO) and Marina Lapshina (Coordinator)

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Product Launch: January 10, 2013

Metrics: Private funding $6M, life-pad.ru launched in 2013
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: Moscow, Russian Federation
Founded: October 2012
Website: life-pad.ru