FinovateEurope 2012 |

Luup’s Wallet System Facilitates the Internal Authorization Process

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Luup

Then, Luup demonstrated how it can ease the pains of internal travel authorization and budget management:

“Luup is redefining payments with its universal mobile payment platform and solutions. At FinovateEurope, Luup is launching a service that revolutionises corporate & government travel authorisation and budget management.

Enabled by Luup’s successful Remote Authorisation & Mobile Wallet products, the new service optimises processes, creating huge efficiency and productivity gains. Gone are the days when employees have to chase managers for budget and trip approvals while costs rise exponentially by the hour. With Luup’s latest service, travel budgets are managed in Luup’s wallet system that enables travel requests, authorisations and payments within minutes from anywhere, on any mobile device.”

Product Launched: March 2012

HQ Location: London, UK
Company Founded: 2002
Metrics: 50+ employees, 3 core locations, 3 award recognitions in 2011
Website: luup.com

Presenting Martin Wilson (CEO) & Georg Fasching (VP of Products)

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Wipro Brings Customer Acquisition to the Tablet

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, wipro

Today, Wipro showed off its banking sales and service app for tablets:

“One of the primary tools the Direct Sales Agents need is a tablet variant of unified desktop. The banking sales and service tablet application which Wipro is developing is essentially a step in this direction. As a first step, Wipro has developed a customer acquisition framework on a tablet-based device. This solution leverages mobile, analytics, and intelligent processes for on-the-go personalized offers and application capture. The solution is also relevant in next generation bank branches wherein a differentiated environment is created for HNI customers. In fact, boutique bank branches have been received well with the digital generations.”

Product Launched: February 2012

HQ Location: Bangalore, Karnataka, India
Company Founded: 1945
Website: wipro.com/industries/banking

Presenting Shankar Sundarrajan (Head, Enterprise Banking)

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Handpoint Launches Secure Payment Solution for Tablets and Smartphones

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Handpoint

Afterwards, Handpoint launched its Headstart Technology:

“Handpoint Headstart is the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. With our Platform-as-a-Service solution, acquiring banks and MNOs can offer small/micro merchants card payments on smartphones and tablets under their own brand name. The Handpoint Headstart solution supports magstripe (MSR), Chip & PIN, Chip & signature, and contactless NFC payments (2012).

Handpoint Headstart payment solution is not only a mobile solution, it is also a Full-Commerce solution meaning that it works on many different devices, for example smartphones, tablets, mobile terminals, and PCs (tills) in an online and an offline world.”

Product Launched: February 2012

HQ Location: Cambourne, Cambridge, UK

Company Founded: 1999

Metrics: $2 million raised, 35 employees

Website: handpoint.com

Presenting David Gudjonsson (CEO) & Thordur Thorarinsson (CFO)

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Finsphere’s Solutions Keep Online Banking Secure

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Finsphere

Then, Finsphere demonstrated its security services:

“A suite of solutions that includes fraud management services for financial institutions and online merchants, access management services for enterprise and cloud computing environments, and PinPoint, a consumer-focused fraud protection service for financial services providers. Finsphere’s Identity Security Services platform provides the basis for expanding the solution sets to monetize wireless data across industry segments worldwide.”

Product Launched: Commercially available

HQ Location: Bellevue, WA
Company Founded: 2007
Website: finsphere.com

Presenting Robert Boxberger (President) & Jeff Brennan (Chief Privacy Officer)

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Tradeshift’s Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Tradeshift

Next, Tradeshift showed off its Instant Payments technology that will be released in April of this year:

“Instant Payments will allow businesses – and particularly SMEs – to receive instant payment for invoices approved through the platform. Companies will benefit from interest rates significantly lower than alternative funding options and will no longer see cash flow impacted by long payment terms or late payers. This new service integrates seamlessly with Tradeshift’s existing e-invoicing solution which is free to suppliers, providing the financial flexibility small businesses need to succeed.”

Product Launched: April 2012

HQ Location: San Francisco, CA
Company Founded: May 2010
Metrics: 60 employees, 60,000 signups across 190 countries, $30 million USD (YTD) in funding
Website: tradeshift.com

Presenting Christian Lanng (CEO) & Jeppe Rindom (CFO)

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Serverside’s Technology Creates Viral Marketing Through Facebook

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Serverside Group

Second up this afternoon, Serverside showed how its technology leverages Facebook to engage customers of financial institutions:

“A Card Customization Facebook app. The app uses card customization as a new and unique way to leverage Facebook in an exciting and engaging way that can drive real brand value, loyalty, and engagement from a bank’s customers. Customers can design a card using an image from one of their Facebook photo galleries. Once the design is approved, it is posted to the user’s wall where all their friends can view it and click on the link to design their own card and thus creating a viral marketing effect!”

Product Launched: January 2012

HQ Location: London, UK
Company Founded: February 2003
Metrics:

Partly owned and controlled by Gemalto NV

Approximately 50 employees

2010 Revenue: £4.61 million

2009 Revenue: £4.35 million

Has worked with 200 financial issuers in 27 countries, issued over 2,000 customized card programs.

Over 45 million cards have been designed using Serverside software

Website: ssgl.com

Presenting Connor Kinnear (Global Head of Marketing)

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eToro Introduces Guru Finder, Launches iPad App

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: eToro, FinovateEurope 2012

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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Dynamics Shows Off Smart Credit Card

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: Dynamics, FinovateEurope 2012

In the last presentation before lunch, Dynamics demonstrated its secure, battery powered credit card:

“Chip & Choice is intended for the EU and other markets that utilize EMV (~85% penetration in EU). The battery-powered card has multiple “chips” including a central processing chip and a secondary “EMV” chip. The applications are loaded in a central “chip.” Based on what button a user pressed on the card, the appropriate application is provided to the secondary “chip.” Thus, the POS reader believes the card is a single-application card when, in fact, the card is a multiple application card.”

Product Launched: Currently in trials

HQ Location: Pittsburgh, PA
Company Founded: 2007
Metrics: Over $40 million in funding raised, approximately 35 employees
Website: poweredcards.com

Presenting Jeff Mullen (CEO)

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VALid from ValidSoft Uses Voice Authentication

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, ValidSoft

ValidSoft took the stage next to demonstrate its voice-based authentication technology:

“Our product can protect M-banking transactions from all of the attacks that affect Internet banking today, while using out-of-band, real-time voice based authentication, and transaction verification. A smart phone contains multiple channels, both voice and data. Therefore the concept of channel separation, critical for the detection of manipulated transactions caused by Man-in-the-Mobile-Browser or phone resident Trojans, is fully supported.

Our product as used for Online Banking, with all the same visible and invisible protection, including Pseudo Device Theft, is configured specifically for mobile banking usage. This means no keying of OTPs into the phone, and even a completely hands-free model using speech recognition if required. Biometric voice verification can also be layered for even greater security. Our product combines usability, portability, and security that will drive the adoption of M-banking.”

Product Launched: September 2011

HQ Location: London, UK

Company Founded: 2003

Metrics: ValidSoft was acquired by Elephant Talk in March 2010 for a combination of Elephant Talk stock plus warrants. For details, see the Elephant Talk Annual Report.

Website: validsoft.com

Presenting Patrick Carroll (CEO) & Emmanuelle Filsjean (Global Head of Marketing)

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InvestorBee From DCisions Helps Users Make Sound Investment Decisions

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: DCisions, FinovateEurope 2012

Then, DCisions showed how InvestorBee helps users make better investment decisions:

“For the first time, InvestorBee puts data at consumers’ fingertips so they can make smart, confident investments.

It’s fact, not opinion. Users can tap into the database to learn from the experiences of over a million UK investors.

It’s an investment health check. Users can compare themselves to their peers to set realistic saving targets and investment goals.

It’s simple investing without guesswork. Users can choose an objective risk-based strategy that’s right for them in a few easy steps.

Our users extract wisdom from the crowd to make better, simpler investment decisions – all for free at InvestorBee.”

Product Launched: November 2011

HQ Location: London, UK
Company Founded: 2005

Metrics: 12 employees

Website: investorBee.com

Presenting Graham Mannion (Managing Director & Founder) & Maya Kuzalti (Information Director)

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Liqpay’s Zip.liqpay.com Allows for Easy Online Payments

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Liqpay.com

Afterwards, Liqpay debuted its new website:

“Zip.liqpay.com allows recipients of a payment (companies and/or individuals) to shorten payment details transforming them into a short code. As a result, the short digital code is easy to dictate or pass to a payer over SMS or e-mail.

Zip.liqpay.com has an API, which can be integrated to billing systems of other companies. For example, mobile operators, utility companies, banks, etc.

Privatbank (the largest bank in Ukraine) has already integrated the zip.liqpay.com API into its online banking. Privatbank customers are able both to shorten payment details and use a short code to make a payment via online banking.”

Product Launched: February 2012

HQ Location: Dnepropetrovsk, Ukraine

Company Founded: 2007

Metrics: There are three employees working on the project – CEO & Founder, one developer, and a designer.

Website: zip.liqpay.com

Presenting Maria Gurina (Business Development Manager) & Kristina Chaykovska (Head of Electronic Business Center)

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Aimia and Cardlytics Help Merchants Track Offers and Revenue

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: Aimia, Cardlytics, FinovateEurope 2012

Then, Aimia and Cardlytics demonstrated a solution that will help merchants keep track of offers and revenue:

“Aimia will be demonstrating the merchant-facing portal, powered by Cardlytics, that is used by merchants to track offers served, activated, and revenue earned. All bank-facing channels and capability are pointless elements if the merchants aren’t engaged. The Aimia solution enables that merchant engagement.”

Product Launched: October 2011

HQ Location: Atlanta, GA, U.S.A. and London, U.K.
Company Founded: February 2008
Metrics: Raised $60 million, 100 employees, 70 million U.S. households (Q1-12)
Website: aimia.com
cardlytics.com

Presenting Lynne Laube (President & COO at Cardlytics), Jonathan Harman (Chief Development Officer, EMEA at Aimia), & Rod Witmond (SVP Product & Marketing at Cardlytics)

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