FinovateEurope 2012 Demo Videos Now Available

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We’re very excited to announce that we’ve just released the demo videos of the 35 new financial technology innovations that debuted last month in London at FinovateEurope 2012. If you were unable to attend the event, these fast-paced, 7-minute demo videos are your chance to check out the cutting edge of European fintech quickly and easily.

As usual, this new wave of videos is available free in the Finovate archives along with videos from all the other Finovate conferences over the past 5 years. FYI, we’ve recently upgraded the video player for all the videos in the archives for a better viewing experience.

If you’re looking to catch our next showcase of new fintech innovations live, tickets for FinovateSpring 2012 (May 8/9 in San Francisco) are selling fast but still available. And we just announced FinovateFall 2012 (September 12/13 in New York) with a special “Launch” ticket discount of $500 off but only through this Friday (get your ticket now to lock in the savings).

We hope you enjoy the videos!

P.S. As we put FinovateEurope to rest for 2012, we’d also like to thank our sponsors (Bluerock Consulting & The Bancorp Bank) and partners (BankerStuff, BankInnovation, Celent, Deutsch Startups, Finance on Windows, The Financial Services Club, The Financial Services Innovation Centre, Juniper Research, & PYMNTS.com on the event one last time.

FinovateEurope 2012 Demo Videos Now Available

europe-blog.gif

We’re very excited to announce that we’ve just released the demo videos of the 35 new financial technology innovations that debuted last month in London at FinovateEurope 2012. If you were unable to attend the event, these fast-paced, 7-minute demo videos are your chance to check out the cutting edge of European fintech quickly and easily.

As usual, this new wave of videos is available free in the Finovate archives along with videos from all the other Finovate conferences over the past 5 years. FYI, we’ve recently upgraded the video player for all the videos in the archives for a better viewing experience.

If you’re looking to catch our next showcase of new fintech innovations live, tickets for FinovateSpring 2012 (May 8/9 in San Francisco) are selling fast but still available. And we just announced FinovateFall 2012 (September 12/13 in New York) with a special “Launch” ticket discount of $500 off but only through this Friday (get your ticket now to lock in the savings).

We hope you enjoy the videos!

P.S. As we put FinovateEurope to rest for 2012, we’d also like to thank our sponsors (Bluerock Consulting & The Bancorp Bank) and partners (BankerStuff, BankInnovation, Celent, Deutsch Startups, Finance on Windows, The Financial Services Club, The Financial Services Innovation Centre, Juniper Research, & PYMNTS.com on the event one last time.

FinovateEurope 2012 Live Twitter Transcript

FEUBadge.jpgHere’s @Finovate’s live Twitter stream from FinovateEurope on Tuesday, February 7.

Entries appear in chronological order:

Session 1

  • Here’s the first Finovate demo. Nutmeg launch: “Investing the way it should be.” LinkThumbnail image for Thumbnail image for Thumbnail image for TwitterBird.jpg
  • Nutmeg walking through investment goal setup; red popup tells you if you are drifting away from your goals and what to do about it.
  • Ping Identity launching methods for banks to integrate with social networks.>> huge priority for future. Link
  • Ping Identity demoing Facebook integration in account-opening process; has a number of integration ideas in the works with clients.
  • At Finovate, PayPal and la Caixa are launching PayPal account opening in 30 seconds by choosing email address and password. Link
  • Have found that PayPal account opening within la Caixa Bank environment increases account setup success by 2x to 3x. 
  • iBrokr AG, unit of Fidor Bank, is launching Stockbattle: Social betting on stock market. Link
  • iBroker demoing 1-euro bet on the stock value of a German company; has Facebook integration to share the bet to find a counter bet.
  • iBroker is easy, transparent, fun and accessible. A wildly innovative service to offer within an online banking or investment account.
  • BCSG is launching CreditHQ represents, a better way for small businesses to handle credit management. Link
  • BCSG’s CreditHQ demoing credit management dashboard; has integration with collection agency to help followup with late payments.
  • Backbase launching major new features in Bank 2.0 portal including targeting to customer segments. Link
  • Backbase has cool widgets targeted to segments, showing student page mockup. Working with ABN AMRO, ING, DB, Barclays, and Visa.
  • Fenergo demoing “deal manager,” client on-boarding and KYC compliance solution for corp banking/investments. Link
  • Fenergo showing dashboard to build the “credit pack” to pass to underwriting and back office departments; shows work-flow backlogs.
  • Service2Media and Rabobank introduce mobile payments via an existing banking application. Link
  • Service2Media showing cool mobile features: OCR recognition, “drag and drop” coins across page; “shake to clear.”
  • CurrencyFair launching peer-to-peer foreign exchange transfers with its QuickTrade. Link 
  • CurrencyFair demoing a foreign exchange transaction, in this example a 68 GBP savings on 2000 GBP exchange; great user interface.
  • CurrencyFair has processed 90 million Euros, currently doing 0.5 million per day and growing quickly.
  • Holvi demoing “group account” replaces bank account with smart payment account designed for any group. Link
  • Holvi account assists groups with raising money, distributing cash, processing expense reports and tracking/ categorizing/ sharing it.
  • Holvi can also be used for group to setup online store for donations, t-shirt sales and so on; 58% of consumers involved in groups.
Session 2

  • We are back from break with Etronika showing voice, face and gesture recognition technology. Link
  • Etroinka demoing logging in via voice intro then authenticated with facial recognition; also showing gesture/voice navigation.
  • miiCard demoing new online Identity verification system to ease account opening and ID authentication. Link
  • miiCard demoing how it takes existing banking relationship to validate your identity; done in 5 to 10 minutes; then can share.
  • Mootwin launching one-stop-shop for mobile financial needs; demoing iPad app. Link
  • Mootwin showing streaming video on tablet; can communicate directly with financial adviser within UI; working with Cortal Consors.
  • Actiance showing dashboard for publishing to social media networks. Link
  • Actiance demoing dashboard in Socialite Engage that shows engagement with users; has tools to track overall program across company.
  • Fiserv is showing Mobiliti M-Cash service in use by ANZ; demoing mobile payment to non-ANZ customer. Link
  • Fiserv demoing M-Cash white label mobile payment service; entire process takes about 30 seconds; now showing online m-payment.
  • Aimia & Cardlytics launching transaction-based marketing platform; Aimia is investor in Cardlytics. Link
  • Cardlytics demoing their in-statement-offer UI within a live PNC Bank account; highlighting Burger King 20% cash-back offer.
  • Cardlytics demoing merchant dashboard; real-time results of spend of customers in entire category with offers vs those without.
  • Liqpay, with 1.5 mil customers, launching http://Zip.liqpay.com, payment detail shortener for SMS and email Link
  • Liqpay “payment detail shortner” is similar to bit.ly for URLs; showing how it works at Privatbank; increases accuracy and safety.
  • DCisions launching InvestorBee to take guesswork out of investing with understandable risk vs. return info. Link
  • InvestorBee will make investing benchmarks available free to consumers; believe simple facts will disrupt investing.
  • ValidSoft demoing secure m-banking with out-of-band four-factor authentication and transaction. Link 
  • ValidSoft demoing voice-based authentication to confirm trans; system calls mobile number and customer answers to confirm… nice!
  • Dynamics showing battery-powered card that is “first mobile wallet that works everywhere plastic accepted.” Link
  • Dynamics showing how to press a button on card to get a disposable number to use online; or request rewards points be used at POS.
  • Dynamics launching today Chip & Choice for Europe, allows multi-app card to be used with single-app software infrastructure.
Session 3
  • eToro, with 2 million users; launching Guru Finder crowdsourcing to find traders to follow and copy. Link
  • eToro demoing trader profiles and community communications; also launching iPad app.
  • Serverside Group launching a Facebook app for banks to provide tangible value. Link
  • Serverside Group app allows customers to upload images from FB to create their own customized credit/debt card; can increase usage.
  • When finished using Serverside app, users can post their cards in FB update; bank could run design competition to “like” cards.
  • Tradeshift demoing how businesses can manage cash flow; launching “instant payments” options. Link
  • Tradeshift showing dashboard controls; onboard process for suppliers and instant payment process; available to entire supply chain.
  • Finsphere, which recently partnered with Vodafone, uses mobile phone location to assist with authentication. Link
  • Finsphere demoing its “risk score” for each transaction; online banking login process; and consumer Pinpoint service.
  • Launching Handpoint Headstart, mobile Chip & PIN payment solution. Link
  • Handpoint demoing payments on mobile phone, table and mobile POS device; also showing Square-like mobile reader option.
  • Wipro Technologies launching tablet-based customer acquisition system. Link
  • Wipro showing interface that sales adviser would use with prospects to explain products and compare options.
  • Wipro app allows adviser to take a screen cap and email the page to the customer >Very cool way to follow-up on initial discussion.
  • Luup launching travel management system for businesses and governments. Link
  • Luup demoing employee registration; using mobile to create trip itinerary and request approval from manager.
  • Meniga, PFM provider, is launching “Peace of mind banking.” Link
  • Meniga UI has forward looking cash position, like Simple’s “safe to spend” balance; showing “emergency fund” balance tracking.
  • Meniga working to move PFM from a “tab” to the most used part of online banking.
Session 4

  • Striata is launching eConsent “PUSH email billing” with NO registration process. Link
  • Striata demoing process: 1st email is Yes/NO overlay on shaded-out bill. No username or password; use a secret, for example: mobile number and birthday.
  • Striata showing interactive bill, “mini-website” right in the inbox.
  • Sandstone Technology showing modern-looking user interface on iPhone built on HTML5. Link
  • Sandstone Technology showing on multiple phones; demoing how user can personalize app with own picture; change display views.
  • Kabbage launching ScoreKard today, a quantitative view of health of client’s online store. Link
  • Kabbage has now loaned $10 million to small online sellers on eBay and elsewhere; showing integration with Etsy.
  • Kabbage showing “social climbing” system where Kabbage analyzes client’s social media activity to help in underwriting.
  • AcceptEmail showing MOBILE electronic bill presentment & payment, its “Short Invoice Service.” Link 
  • AcceptEmail allows content of sent email to be changed while in client’s inbox, eg. after bill paid, status can be changed.
  • Figlo’s widget-based platform helps advisers communicate to clients via Facebook. Link
  • Figlo showing integration of online banking with long-range planning; showing table version.
  • Ixaris launching Opn Cardworks, “card system in a box”, allows issuer to fully customize. Link
  • Ixaris can get Visa approval for new card within 6 weeks; demoing Ixaris “app store” for building programs.
  • IND Group launching new gamified banking interface ” online banking goes from boring to fun” Link.
  • IND iGroup demoing UI which includes points area, achievements, badges (which unlock more rewards); shows totals over time.
  • That’s a wrap folks. 35 Finovate demos and no one went over time limit! What a day, see you in the networking hall.

FinovateEurope 2012 Best of Show Winners Named

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

imageAt yesterday’s second annual FinovateEurope, 35 companies laid it on the line with in 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 3 favorite demos (note 2). All 35 companies received votes (employees of presenting companies cannot vote), but 4 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 it’s "chip and choice" card for
    the chip & pin world (demo recap)
  • imageeToro which launched its crowd-sourced "guru finder"
    to help located 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 2 or 3 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 3 favorites from just 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.

IND Group’s Banking-Front Office Gamifies Personal Finance

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Concluding FinovateEurope 2012, IND Group’s Banking-Front Office took the stage: 

“IND gamified its white-label Internet Banking and Personal Finance Manager. Gamification is the concept that you can apply the basic elements of fun, reward, and social connections to almost all industries. 

IND Group added these methods to its new Banking-Front Office. Our solution is based on the fact that customers love to do almost anything if they are rewarded for it. With the two-level point system, banks can give points for various things, like function use, transactions (depending on amount, currency, frequency, etc.), product, or service purchases. Customers can collect points and badges for dedicated actions. 

The system is closely connected with Facebook, where users can post their results and badges. Banks can even create campaigns in the system where customers – in order to accomplish the challenges – have to bring non-banking friends into the game to get rewards. Customers can track their progress in time charts, where both their net worth and point progress are displayed. 

With its strong visualization features (point systems, badges, leaderboards, etc.) and real rewards, the gamified IND Internet Banking and Personal Finance Manager creates a compelling, engaging user experience and prompts users to live a financially healthy life.”

Product Launched: New version of products are launching in February 2012

HQ Location: Stuttgart, Germany
Company Founded: 1997
Metrics: 200 employees, €12 million in revenue
Website: indgroup.eu

Presenting József Nyíri (CTO) & Tamas Braun (General Manager, IND UK)
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Ixaris Demonstrates Customizable Card Program in a Box

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Ixaris unveiled Opn Cardworks, a solution that allows businesses to set up their own prepaid card:

“Opn Cardworks is the latest and most powerful solution available through Ixaris Opn. Cardworks provides everything a business needs to set up and run its own prepaid card programme: virtual and/or plastic cards, technology, banking relationships, and risk and compliance oversight. We like to think of it as a customizable card programme in a box. 

With Opn Cardworks, companies can bring a card programme to market in just weeks instead of several months. Without Opn Cardworks, businesses would need to identify, develop, and execute each facet of the programme on their own, which can be daunting, time consuming, and expensive.”

Product Launched: February 2012

HQ Location: London, United Kingdom
Company Founded: September 2003
Metrics
: Over 1 million registered users, over 2.2 million transactions totaling $200 million in volume and generating $13.6 million in revenue, 85 employees, headquartered in London
Website: ixaris.com

Presenting Tim Murfet (CIO) & Barbara Durand (Marketing Director)
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Figlo Makes Financial Planning Accessible on Any Device

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Later today, Figlo demonstrated how its widget-based platform helps financial institutions engage customers:

“A complete solution to gain insight in financial matters on a consumer level. The Figlo consumer portal makes financial planning accessible for everyone on any device. The portal increases customer engagement and can be used as an onboarding tool. It is based on widgets and exposes the Figlo functionalities using a system in which content is displayed onscreen during editing (WYSIWYG editor). The drag and drop system enables a quick time to market. By integrating these widgets into social media, the fun factor of financial planning is guaranteed. Get engaged with your customer using this portal.”

Product Launched: Beginning Q2 2012

HQ Location: Capelle aan den IJssel, Netherlands
Company Founded: October 1996
Metrics: 82 employees in the Netherlands, variable off‐shore development team in Manila, Philippines, more than 15,000 financial advisors, about 2 million consumers
Website: figlo.com
Presenting Dorien van der Linden (Sr. Account Manager) 
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AcceptEmail’s Service Creates an Electronic Bill that Can Be Paid by Mobile

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Today, AcceptEmail demonstrated a feature that enables mobile bill pay:

“Recently we have added a Short Invoice Service, which creates an electronic bill, including payment capability for mobile phones using SMS, WhatsApp or Twitter. This new feature of AcceptEmail adds the mobile space to the service and enables fully automated credit management. AcceptEmail has also expanded their set of payments methods that can be used via PSP’s with the availability of many new international online payment methods, debit, and credit cards.”

Product Launched: July 2007

HQ Location: Amsterdam, Netherlands
Company Founded: December 2006
Metrics: Triple digit growth last 2 years, 120 customers (billers), 4 million+ registered users, 10 employees
Website: acceptemail.com

Presenting Peter Kwakernaak (CEO) & Geerten Oelering (COO)
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Kabbage’s ScoreKard Gives Online Merchants a Dashboard of Health

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Afterwards, Kabbage showed how its ScoreKard can inform online merchants about their store’s health:

“Kabbage is introducing the Kabbage ScoreKard, which enables online merchants to:

a) view a comprehensive dashboard of their online store health

b) generate a score corresponding to both the breadth and depth of their merchant health

c) obtain this information in a portable format to share with a third party with whom they may conduct business.”

Product Launched: February 2012

HQ Location: Atlanta, GA
Company Founded: February 2009
Metrics: Raised $26 million in equity, 35 employees, more than 10,000 accounts, millions of dollars advanced each month
Website: kabbage.com

Presenting Robert Frohwein (CEO) & Kathryn Petralia (COO)
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Sandstone Launches Mobile Banking App

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Next, Sandstone showed how even small financial institutions can have a presence in the app store:

“Sandstone will be showcasing its next generation mobile banking app that contains sophisticated money management/ OFM tools, the latest anti-fraud and security measures, and advanced user experience capabilities. 

Using the latest html5 technology, the app can be developed once and then delivered seamlessly across many of the popular smart phone app stores to run on nearly all smart phone devices. The registration process for the app locks the user to the device while page-fingerprinting technology ensures that fraudulent users will not be able to connect to the secure server.”

Product Launched: February 2012

HQ Location: Sydney, Australia

Company Founded: June 1996

Metrics: Privately owned, offices in Australia, Asia and Europe The company grew from 40 employees in 2007 to over 200 employees in 2011. 

Presenting Dom Monty (General Manager, Direct Banking Solutions) & Timmy Alassad (Product Manager, Direct Banking Solutions)
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