Kalypton Launches Tereon Payment System

This post is a part of our live coverage of FinovateEurope 2013.


Then, Kalypton debuted its Tereon payment system:
“Tereon was developed for, and proven at scale by, an African bank. 
Tereon is a complete payment ecosystem that can use EMV, operate a closed loop, or support interoperability. It provides flexible instruction processing, and can use existing core systems and settlement processes, for a secure, end-to-end, business process.
It provides payment service providers with a powerful toolkit for rapid innovation to create stream-of-payment services.
All Tereon services meet stringent standards for regulatory compliance and security. We will demonstrate a four-party deployment, supporting payments from phone to phone, phone to card terminal, card to terminal and online.”

Product Launch: February 2013
HQ: London, UK
Founded: 2006
Metrics: Self-funded to date. Still small with <10 staff
Website: kalypton.com
Presenting Lars Davies (CEO) and Alun Thomas (Head of Business Development)

eyeOpen Debuts Digital Mortgage Advisor

This post is a part of our live coverage of FinovateEurope 2013.


Afterwards, eyeOpen launched its Digital Mortgage Advisor:

“eyeOpen launches world’s first digital mortgage advisor. In an age when banks and insurers strive for consumers’ trust, digital leadership and true customer centricity are the weapons of this service. 

The personal advice algorithms are ‘the crème de la crème’ of personal mortgage advice. eyeOpen offers its service as a SaaS-solution to banks, insurers and advisor companies in Europe and the United States. The benefit: extreme cost reductions, smarter targeting and incredible NPS-improvements.”

Product Launch: February 11, 2013
HQ: Amsterdam, The Netherlands & San Francisco, CA, USA
Founded: December 24, 2009
Metrics: eyeOpen raised €10M funding to scale up its European activities. The company serves the European markets from its Amsterdam office with 35 employees. eyeOpen serves the U.S. market from its San Francisco office. The website eyeOpen.nl is the Netherlands’ leading independent financial portal serving over 1M customers last year. On the B2B side the company licenses its technology platforms on digital advise, ratings, reviews and budgeting apps.
Website: eyeOpen.nl
Presenting Diederick van Thiel (CEO) and Rosali Waleson (CCO)

TraitWareID from Acuity Systems Provides Authentication Solution

This post is a part of our live coverage of FinovateEurope 2013.

Acuity_Systems_hi-res.jpgNext up is Acuity Systems with their demonstration of TraitWareID:

“TraitWareID simplifies and secures access to protected websites and applications by employing the user’s mobile device as a login token, eliminating the use of inconvenient and problematic usernames and passwords.
TraitWareID does this with patent-pending technology, which begins with user authentication, then binds the user’s identity to their device. TraitWareID utilizes digital identity mapping to analyze the user-created content of the authentication device.
Adding the patent-pending, user friendly, PhotoAuth image-based activation method to TraitWareID will enhance the security and user experience for transactions of all types on an end user’s device.”

Product Launched: October 2012

HQ Location: Visalia, California, USA
Company Founded: July 2008
Metrics: $3.5 million raised to date; two full-time employees; pre-revenue
Twitter: @TraitWareID
Presenting Harlan Hutson (President) and Chris Canfield (Lead Project Engineer)

Biletu App Brings Event Planning and Expense Sharing to the Smartphone

This post is a part of our live coverage of FinovateEurope 2013.

Biletu_lo_res_logo.jpgWith a new way to organize events and share expenses with friends, Biletu is the next company to take the stage here at FinovateEurope:

“Biletu is an all-in-one, state-of-the-art app to join together events, chat, gamification, mobile payments, and social networks in a simple way. Biletu is a new, simple way to allow users to connect and for companies to engage innovatively with targeted users.”
Product Launched: April 2012
HQ Location: Tallinn, Estonia
Company Founded: January 2012
Metrics: $120,000 USD; 2 employees
Website: biletu.com
Twitter: @biletu
Presenting Felipe Millan (Founder)

Five Degrees Introduces Matrix, a Web-Based Mid-Office Portal

This post is a part of our live coverage of FinovateEurope 2013.

five_degrees_new_logo.jpgFive Degrees is on its way to the stage right now. The company will be introducing Matrix, its banking services hub:

“Watch a fully-automated model bank with unparalleled self-service (on-boarding) that gives both customer and bank imminent insight and control in the process. Through the web-based, mid-office portal we offer the enormous potential of business benefits in terms of efficiency in adapting new businesses processes on the go.

As the market demands today, our open services hub integrates with external services like KYC checks, passport validation, PFM, etc. Come and view the fast and instant response for the next banking generation: rapid deployment, rich customer experience, instant and transparent insight for banks and clients alike.”

Product Launched: Q2 2013

HQ Location: Breukelen, Netherlands
Company Founded: July 2009
Metrics: 2012 Revenue: 3.3 million euros; 40 full-time employees; 5 million euros in capital raised
Presenting Martijn Hohmann (CEO) and Bjorn Holmthorsson (CTO)

QuantConnect Presents a Cloud-Powered Stock Market Simulator

This post is a part of our live coverage of FinovateEurope 2013.

quantconnect_logo.jpgNext to the stage is QuantConnect with its stock market simulator and backtesting solution:

“QuantConnect gives engineers free access to a stock market backtester with high-resolution data for designing trading algorithms. Engineers can design strategies and have them distributed to working capital.’
‘We are demonstrating our cloud-powered backtester, capable of simulating years of stock data in minutes. Users can design strategies in C# IDE, compile them online, and run them across 14 years of tick data (up to 8 TB data).”

Product Launched: February 2013

HQ Location: New York, NY, USA, and Santiago, Chile
Company Founded: August 2011
Metrics: Raised $60,000; 3 employees; more than 500 beta-testing engineers/users
Twitter: @quantconnect
Presenting Jared Broad (Co-Founder) and Shai Rosen (Co-Founder)

Akamai Intelligent Platform Emphasizes Reliability, Security

This post is a part of our live coverage of FinovateEurope 2013.

akamai.jpgRepresentatives from Akamai Technologies are making their way to the stage in our first presentation after the noon break:

“Akamai is a leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, platform, anywhere.
At the core of the company’s solutions is the Akamai Intelligent Platform, providing extensive reach, coupled with unmatched reliability, security, visibility, and expertise.
Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud.”
Product Launched: February 2012
HQ Location: Cambridge, MA, USA
Company Founded: August 1998
Metrics: 2011 annual revenue: $1.1 billion; 2,800 employees; Akamai has deployed the most pervasive, highly-distributed cloud optimization platform with 119,000 servers in 80 countries within more than 1,100 networks.
Website: Akamai.com
Twitter: @akamai
Presenting Rich Bolstridge (Chief Strategist, Financial Services) and Nick Coleman (Senior Solutions Manager)

Financial Simplicity Announces New Portfolio Management Solution

This post is a part of our live coverage of FinovateEurope 2013.


Our last presenter before the noon break is Financial Simplicity:
“Financial Simplicity offers a highly efficient capability to manage large numbers of individually tailored investment portfolios (in the thousands or tens of thousands). It will ensure that clients can offer highly customized propositions to their customers, while maintaining a high degree of centralized control over access, data, and business work flows.
Using systematically programmed processing and advanced algorithmic engines, Financial Simplicity negates the need for many time-intensive workflows and workarounds to manage data effectively. Financial Simplicity’s innovations have enhanced significantly the efficiency with which relevant portfolios can be delivered to investors.”
Product Launched: February 2013
HQ Location: Sydney, NSW Australia
Company Founded: 2003
Metrics: 20 employees and advisors in Australia, the U.S., Canada, and the UK
Twitter: @FinSimplicity
Presenting Stuart Holdsworth (CEO)

ERN Launches Looop, a Transaction Analytics Engine

This post is a part of our live coverage of FinovateEurope 2013.

Thumbnail image for ERNLogoNEW.jpg

ERN took the stage next to launch Looop, a platform that uses big data technology to leverage transactional data to send customers targeted offers:
“Looop is a unique, big data technology platform that brings together card payment and merchant data in real time to create value from every single transaction.
It provides transactional payment data analytics, insights, integrated and intelligent mCoupons, eReceipts and campaign management and tracking. All delivered through a smart phone app and cloud-based solution, to ensure rapid and secure global deployment across multiple jurisdictions.”
Product Launch: February 2013
HQ: London, UK
Founded: August 2011
Metrics: Funded by private high net worth individuals from the sector. 12 employees.
Website: ernglobal.com
Twitter: @ernltd
Presenting Dan Brassington (CEO), Andrew Rush (Head of Global Sales), and Anant Patel (Head of UK Sales)

True Office Anti-Money Laundering App Goes Mobile

This post is a part of our live coverage of FinovateEurope 2013.
Bringing gamification to the field of regulatory and compliance training is our next presenter, True Office:

“By playing the True Office / Thomson Reuters Anti-Money Laundering desktop and mobile app, financial services employees are exposed to the regulatory risks they confront and learn how to comply with anti-money 

True_Office_hi-res.jpglaundering laws and company policies.

The data generated from this app provides financial services institutions with compliance analytics that help identify and reduce instances of AML risk.”

Product Launched: February 2013
HQ Location: New York, NY, USA
Company Founded: January 2010
Metrics: 20 employees; 30+ financial services compliance apps currently in production; winner of the 2012 Fintech Innovation Lab; seven-figure product development and distribution partnership with Thomson Reuters Accelus, extending its coverage to over 1,400 banks globally.
Twitter: @trueoffice
Presenting Adam Sodowick (Founder & CEO) and Andrew Neblett (Managing Director, Compliance, Audit & Risk, Thomson Reuters)

Holvi’s Online Banking Service Connects Retail Customers with Banking Product Providers

This post is a part of our live coverage of FinovateEurope 2013.


Next, Holvi demonstrated how users can take advantage of its partner ecosystem:

“Holvi connects retail customers and providers of banking and payments products in a seamless ecosystem. Holvi partners have created current accounts, among other uses, for election candidates to run their campaigns (Kokoomus, largest political party in Finland), entrepreneurship education (local chapter of Junior Achievement), and crowdfunding for cultural projects (Mesenaatti.me). 

Holvi online banking service is easy to tailor for specific verticals, by partners or the customers themselves. For providers of banking and payments products Holvi offers access to the long tail of retail customers.”
Product Launch: September 2012
HQ: Helsinki, Finland
Founded: 2011
Website: holvi.com
Twitter: @Holvi

Presenting Kristoffer Lawson (Co-Founder)

Luminous’ BankFiling Helps FIs Increase Business Lending

This post is a part of our live coverage of FinovateEurope 2013.

Thumbnail image for LuminousLogo.jpg

Afterwards, Luminous launched its loan origination solution:

BankFiling loan origination solution enables financial institutions to increase lending to business banking customers, while reducing risk.”

Product Launch: February 2013
HQ: Johannesburg, South Africa
Founded: 2009
Metrics: Luminous was the first to release a ground breaking solution to deliver in-depth, financial management reports for both the banks and their customers.
Twitter: @luminousbanking
Presenting Andrew Teversham (CTO) and Andrew Buchanan (Global Head of Sales)