FinovateEurope 2012 |

Fiserv Introduces Mobiliti M-Cash

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

Next, Fiserv unveiled Mobiliti M-Cash:

“Mobiliti M-Cash is a complete bank-driven personal payments platform. It allows leading financial institutions to set up their own mobile-centric P2P brand and enable:

a) Consumer to consumer payments

b) Consumer to business payments

c) Consumer payments to online retailers”

Product Launched: February 2012 (original product in 2006)

HQ Location: Brookfield, WI
Company Founded: 1984
Metrics: $4.1 billion in revenue, 19,000 employees, 16,000 financial institutions as customers

Website: fiserv.com

Presenting Serge van Dam (VP, Mobile Solutions) & Jonathan Atkinson (Pre-Sales Consultant)

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Actiance’s Socialite Engage Helps Advisors Manage Social Media

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

Actiance, a company that gives advisors better control of social media, is up next:

“Socialite Engage empowers distributed teams to share pre-approved content, engage with clients and prospects, and analyze the impact of the content on social media sites such as Facebook, LinkedIn, and Twitter. Socialite Engage has been designed specifically to enable investment and insurance professionals to manage social media securely and comply with FINRA and FSA regulations.”

Product launched: January 2012

HQ location: Belmont, CA

Company founded: 1997

Metrics: 250 employees; offices in the U.S.A., U.K., and India

Website: actiance.com

Presenting David Oates (VP, EMEA)

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Mootwin Enables Users to Better Manage Mobile Apps

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

Later this morning, Mootwin demonstrated how its technology helps clients create and manage mobile apps:

“Mootwin’s patented technology offers a “one stop shop” value-added solution for all customer-centric mobile needs. It consists of one tier of native application on a mobile device and two tiers of transactional data access on the middleware platform (the Mootwin Foundation). No sensitive data is stored in the device.

The value proposition is based on the ability to:

• Easily connect devices to enterprise information system

• Manage and guarantee secured, resilient and reliable links

• Complete any transaction

• Manage scalability

• Push real-time content.”

Product Launched: February 2011

HQ Location: Palo Alto, CA USA and Paris, France
Company Founded: February 2008
Metrics: $7.5 million raised
Website: mootwin.com

Presenting Claude Lemardeley (CEO) & Nicolas Gruet (VP of Channels)

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miiCard Launches Open Beta of a Digital Passport for Online Identification

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

Next, miiCard launched an online identity verification service to help consumers prove that they are who they say they are:

“miiCard uses information only a user would know, accesses details to their online bank account, and creates a secure, encrypted link to this account which has already approved a primary identity check to meet AML/KYC regulations.

miiCard utilizes Yodlee’s global account aggregation to provide validation weightings and traceability of source required by finance industry guidelines. Each point of validation is rechecked daily for accuracy and suitability. Vendors establish appropriate level of assurance requirements for their product/service. miiCard then allows those vendors to identify an individual with enough assurance to support the transaction, like the sale of a regulated financial product.”

Product Launched: February 2012

HQ Location: Edinburgh, Scotland

Company Founded: September 2011

Metrics: £550K seed funding, 5 employees

Website: miicard.com

Presenting James Varga (CEO)

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ETRONIKA Revolutionizes How Users Interact with their Online Bank

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

Beginning the second session this morning, ETRONIKA showed how users can interact with their online bank in a new way:

“We often hear that we live in a world full of impossible. Trapped inside little boxes, filled with needless habits that aren’t necessary anymore. It doesn’t have to be that way. Technology has advanced so much, so when we can speak with our PCs, why do we bother to type? Yes, financial institutions and online banking solutions refer to a serious, unshakable, respectable realm, but we want to challenge this point of view by introducing a new UX approach to financial online services. ETRONIKA introduces a financial application that recognizes your face, congratulates you, analyzes your voice to identify you, and navigates you into online banking. You choose what is most convenient for you at that time: using your voice, motion-activated user interface, or keyboard – if you feel old-fashioned.”

Product Launched: 2Q, 2012

HQ Location: Vilnius, Lithuania
Company Founded: 2000
Metrics: 50 employees, self funded
Website: etronika.lt

Presenting Kestutis Gardziulis (CEO) & Jelena Kravcenko (Analyst)

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Holvi Unveils Group Account Technology

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

To finish up the first session this morning, Holvi launched an account built for group activities:

“The Holvi.com group account is a merchant account, accounting software and a group current account, all rolled into one. With the Holvi account, our customers have an online banking service specifically targeted for their needs. The core technology innovation is automated bookkeeping and meaningful, social connectivity through rich metadata associated with payment transactions. Using Holvi, our customers have radically better tools for managing their money and raising funds online.”

Product Launched: February 2011

HQ Location: Helsinki, Finland

Company Founded: 2011

Metrics: €300k seed funding, five employees

Website: holvi.com

Presenting Kristoffer Lawson (Co-Founder)

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CurrencyFair Launches QuickTrade Feature

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

This morning, CurrencyFair showed off its upgraded interface:

“CurrencyFair has completely upgraded its interface, further streamlining the process of peer-to-peer foreign exchange transfers. This includes a new QuickTrade feature, which quotes an ‘instant exchange rate’ for any given amount, calculated based on the weighted average of the best rates of all opposing customer orders combined with CurrencyFair’s own liquidity. This allows any amount, large or small, to be exchanged immediately at exchange rates close to, and in some cases even better than, the interbank rate.”

Product Launched: January 2012

HQ Location: Dublin, Ireland
Company Founded: April 2009
Metrics: €1.65 million raised, 6 employees, over €80 million exchanged to date
Website: currencyfair.com

Presenting Brett Meyers (Managing Director) & Jonathan Potter (Sales & Marketing Director)

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Service2Media Enables Secure Mobile Payments

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: FinovateEurope 2012, Service2Media

Today, Service2Media showed how the payment method iDEAL supports mobile payments:

“Service2Media and Rabobank introduce mobile payments via banking app for all webshops, starting with bol.com. Customers of Rabobank that installed the Rabobank Mobile Banking app can now pay their mobile purchases as easily as their online purchases, using a mobile version of internet payment method iDEAL. The new mobile payment is facilitated by starting the Rabobank Banking app on an iPhone once a payment request is issued on the merchant mobile site. The transaction is then authorized by the user in the app with his account number and access code before being redirected to the merchant’s mobile site. Mobile banking is now possible without an e-reader (up to €1000).”

Product Launched: 2010

HQ Location: Enschede, Netherlands
Company Founded: 2005
Metrics: 140 employees, offices in Netherlands, UK, Spain, UAE and USA, $10 million (US) investment from Prime Ventures
Website: service2media.com

Presenting Peter Broekroelofs (CTO)

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Fenergo’s Deal Manager Helps with Client On-Boarding and Account Opening

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

Then, Fenergo shared how its Deal Manager can assist with the client on-boarding process:

“Deal Manager (DM) offers financial institutions a unique and full-featured application for client on-boarding and account opening. By systemizing highly complex KYC, Client Due Diligence and credit processes, Deal Manager delivers efficiency, transparency and control across new business processing, and ensures ongoing requirements are managed.

It ticks the box for compliance with flexible on-boarding and account opening models that integrate policy, document and regulatory requirements for all major markets. With Deal Manager, institutions can manage all KYC and on-boarding requirements for individual and institutional clients, as well as credit, legal documentation processes for new products and services.”

Product Launched: April 2010

HQ Location: Dublin, Ireland

Company Founded: 2009
Metrics: 50 employees, 4.1 million in 2011 revenues

Website: fenergo.com

Presenting Marc Murphy (CEO) & Niall Twomey (Head of Engineering)

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Backbase Improves Bank 2.0 Portal Manager

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

Next, Backbase showed off its newly improved Bank 2.0 Portal Manager:

“Backbase is presenting major new features in its Bank 2.0 Portal Manager at FinovateEurope 2012, 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

Backbase’s Portal Manager is an easy to use, graphical interface for the e-business and marketing teams at banks to manage online and mobile customer interactions and to bring power to the business by giving them complete control of the online customer journey.”

Product Launched: February 2010

HQ Location: Amsterdam, Netherlands & New York, NY
Company Founded: April 2003
Metrics: 150 employees
Website: backbase.com

Presenting Jouk Pleiter (CEO & Co-Founder) & Jelmer de Jong (Head of Marketing)

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Business Centric Services Group Launches CreditHQ

By Julie Muhn (@julieschicktanz) Posted on February 7, 2012
Categories: Business Centric Services Groups, FinovateEurope 2012

Afterward, Business Centric Services Group launched a one-stop shop for small businesses to access customer risk data:

“CreditHQ provides small businesses with unlimited access to a database of customers, outlining their risk profile and payment performance in a simple and easy-to-use format. The platform allows small businesses to develop monitoring plans for each customer/supplier, which sends e-mail alerts directly to the business owner when there is a material change in the credit/risk profile. The platform also allows businesses to create best practice credit terms letters to issue to customers to ensure all parties understand their relationship at the outset of any relationship.

Should there be any delays in payments from customers, the platform allows the user to create a 10-day final demand letter free of charge, which will be issued directly to the customer. Should this not deliver payment, then the user can issue debt instructions directly through the platform to be collected for a market leading 20% no win, no fee payment by one of the leading business to business debt collectors in the market.”

Product Launched: February 2012

HQ Location: London, UK
Company Founded: April 2008
Metrics: 63 employees,135,000 small business customers
Website: bcsg.com

Presenting John Davis (Managing Director) & Alan Marsh (Product & Marketing Director)

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Brokertainment’s StockBattle Lets Users Engage in Social Betting on Stocks

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

Then, iBrokr AG shared Brokertainment, its fast-paced version of betting on stock market indices:

“StockBattle allows social betting on stocks or capital markets indices. StockBattle could be also described as “user created risk”. Example: Person A thinks oil will decrease in its value today between 12:00 and 12:30 and bets €2 on that. Person B thinks the opposite and counters that battle also with €2. At 12:30, we know who gets €4 (minus the transaction fee).”

Product Launched: Beta: October 2011

HQ Location: Munich, Germany
Company Founded: January 2010
Metrics: 100% subsidiary of Fidor Bank AG, 4 employees (including IT), roughly 30,000 registered members generated revenues in 2011 (the first full year of testing the trading applications) above €100k less than €10k in Marketing/Sales.
Website: brokertainment.de

Presenting Christian Hampp (Director) & Michael Rolph (Director)

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