FinovateEurope 2014 Archives - Page 5 of 8

Advanced Merchant Payments’ Small Business Lending Solution Bridges the Gap Between Retail Banking and Business Banking

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: Advanced Merchant Payments, FinovateEurope 2014

This post is part of our live coverage of FinovateEurope 2014.

Advanced Merchant Payments started off the final session of the day with its small business lending solution:

“AMP’s small business lending solution offers an efficient and scalable means by which banks can readily originate and manage a broad portfolio of small business loans. AMP solves the problem of “the missing middle”: small businesses with one or more bank accounts for which neither consumer nor traditional SME loan products are suitable.

AMP’s platform utilizes existing communication methods 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 (CEO) and James Lloyd (Director of Product Management)

Product Launch: February 2014

Metrics: 40 months of successful loan history supporting micro-, small-, and medium-sized enterprises (MSMEs) in both developed and emerging markets; representing approximately 100,000 loan days and 65,000 repayment events.

Product distribution strategy: Through financial institutions.

HQ: Hong Kong, China

Founded: April 2009

Website: advanced-pay.com

Twitter: @AdvancedPay

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Feedzai Fraud Prevention Helps Make Omni-Channel eCommerce Safe

By David Penn Posted on February 11, 2014
Categories: Feedzai, FinovateEurope 2014

This post is part of our live coverage of FinovateEurope 2014.

Our final presenter of the first afternoon session is Feedzai. The team from San Mateo, California is making their way to the stage right now.

“Feedzai Fraud Prevention blocks payment fraud in real time – online, in store, mobile and wherever customers shop. Built with the latest Big Data technology, Feedzai Fraud Prevention works transparently to risk score every single checkout transaction in under 25 milliseconds. Machine-learning models reduce the false alarms that overload order review staff. Individual 1-1 behavioral profiling detects more fraud than possible before. White-box scoring techniques provide clear, human readable explanations to enable a rich customer experience.”

Presenting Nuno Sebastio (CEO) and Nuno Pires (VP Sales)

Product Launch: September 2013

Metrics: $4.4 million raised, 40 employees, achieved profitability

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: San Mateo, California

Founded: November 2008

Website: feedzai.com

Twitter: @feedzai

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The Moneyer Brings Collaboration and Social Networking to Personal Finance Management

By David Penn Posted on February 11, 2014
Categories: FinovateEurope 2014, The Moneyer

This post is part of our live coverage of FinovateEurope 2014.

The team from The Moneyer is making its way to the stage right now.

“Finance is often a highly personal matter, but there are many cases thinkable where a person or organization needs to share financial info ration with others.

The Moneyer offers the possibility to invite other users (member and non-member) on an existing financial dashboard. Thereby creating a collaborative workspace where groups of people can view and work with shared data.”

Presenting Erik Driessen (CEO) and Lior Bornshtain (CTO)

Product Launch: November 2013

Metrics: €1.3 million invested; 10 employees

Product distribution strategy: Direct to Consumer (B2C), through financial institutions, licensed

HQ: Amsterdam, The Netherlands

Founded: April 2011

Website: themoneyer.nl

Twitter: @themoneyer

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Top Image Systems Presents a Trio of Mobile Image Processing Solutions

By David Penn Posted on February 11, 2014
Categories: FinovateEurope 2014, Top Image Systems

This post is part of our live coverage of FinovateEurope 2014.

Making their way to the stage now is Top Image Systems with their mobile image processing solution suite:

“Top Image Systems has leveraged its deep recognition and imaging expertise to develop a powerful suite of image processing applications for mobile devices. These applications optimize user experience and minimize communication failures:

MobiPay expedites mobile bill payment, letting users snap images to add payees and payment methods; MobiCHECK facilitates mobile remote deposit capture and MobiFLOW enables mobile processing of documents of any size and format. TIS’ mobile image processing technologies combine APMI (Automatic Perfect Mobile Image) “auto-capture’ functionality with IQA (Image Quality Analysis) and on-device intelligence on the handset.”

Presenting Isaac Rome (VP Mobile Solutions)

Product Launch: March 2012

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Ramat Gan, Israel

Founded: March 1991

Website: topimagesystems.com

Twitter: @TopImageSystems

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SoftWear Finance’s hacu Platform Helps Banks Promote its Products and Create and Better User Experience

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, SoftWear Finance

This post is part of our live coverage of FinovateEurope 2014.

Then, SoftWear Finance demonstrated how its hacu platform can help banks deliver a better user experience:

“With the hacu platform, a bank can provide customers with the best possible user experience on any platform or device. The sophisticated technology lets a bank promote its products and services with remarkable ease:

Easy integration with Facebook and Foursquare lets banks get to know their clients better and offer banking services and products more effectively. For bank customers, hacu makes online banking a welcome essential in their daily routine.
A PFM system that lets bank customers rapidly analyze expenses and income, while accurately predicting their financial future.
hacu’s high performance is rapidly adapted to a bank’s requirements.
Speed and convenience for covering web, mobile, Smart TV, and ATM channels through a single design.”

Presenting Pavel Malyshev (CEO) and Igor Dubovoy (Director, Development & New Business)

Product Launch: June 2013

Product distribution strategy: Direct to Business (B2B)

HQ: Saint Petersburg, Russia

Founded: April 2012

Website: softwearfinance.com

Twitter: @softwearfinance

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Yseop Launches YseMail, a Sales Force Productivity Suite

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, Yseop

This post is part of our live coverage of FinovateEurope 2014.

Afterwards, Yseop launched YseMail, a product aimed at helping sales agents:

“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (pronounced “Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. YSF analyzes customer data, dialogs intelligently with the financial advisor or customer to gather contextual data and produces written conclusions in seconds, including pre- and post-meeting summaries, personalized marketing communications and prep-to-meeting documents. YSF has demonstrated an improvement in sales productivity of 20% overnight.”

Presenting Elizabeth Farabee (VP Marketing) and Arden Manning (Communications & Bus. Dev.)

Product Launch: February 2014

Metrics: Privately self-funded. Over 20 years of research. Commercialized as a stand-alone product in Europe at end of 2008. 30 employees. Winner of 2013 Google-sponsored DMA Innovation Award for its CRM integrated cross-selling solution. Selected as French National Champion for the 2013-14 European Business Awards. Largest customer in production is a retail bank with 12,500 daily users.

Product distribution strategy: Direct to Business (B2B), through other fintech companies

HQ: Lyon, France (European Headquarters) & Dallas, Texas (U.S. Headquarters)

Founded: First commercialized as a stand-alone product in Europe at the end of 2008.

Website: yseop.com

Twitter: @YseopAI

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MISYS (Formerly Known as IND Group) Shows Off New Digital Banking Experience

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, IND Group

This post is part of our live coverage of FinovateEurope 2014.

Then, MISYS (formerly known as IND Group) demonstrated its new digital banking experience:

“To adapt to younger generations’ requirements, IND Group delivers a best-in-class banking app with an innovative drive. With IND’s next generation mobile banking, Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure. The application offers more than just transactional banking: based on customers’ life situations banks are able to deliver personal, targeted offers, turn data into relevant, visualized information, and provide a user experience like never before, turning mobile banking into their primary engagement and sales channel.”

Presenting József Nyíri (Founder & Chief Innovator) and Tamás Braun (General Manager)

Product Launch: November 2013

Metrics: €12M in revenue, 8 offices, 225 employees, 40 retail banks & financial institutions as clients

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Munich, Germany

Founded: October 1997

Website: misys.com

Twitter: @MisysFS

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Truphone Helps Banks Stay Compliant with its Mobile Recording Technology

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, Truphone

This post is part of our live coverage of FinovateEurope 2014.

Afterwards, Truphone demonstrated how its Mobile Recording technology helps banks stay compliant:

“The Dodd-Frank Act poses banking technologists with a technical and compliance problem. They must record all mobile phone communications relevant to a trade. Today, most banks do not record mobile devices, they fall outside of their technology stack. Communication is invisible; and that’s why the regulation now exists.

With Truphone Mobile Recording, businesses record, encrypt and store their mobile calls and text messages, simply and securely – without changing the user experience. Truphone Mobile Recording is available as a secure hosted solution, or can be integrated with existing recording equipment.”

Presenting Paul Liesching (SVP Mobile Recording) and Tom King (Enterprise Account Manager)

Product Launch: September 2013 (USA), UK Launch November 2011

Metrics: Raised over £200M, circa 700 employees in ten offices across four continents, counts 3 of the top 5 banks in the world as customers, plus many of the FTSE 100 and Fortune 1000.

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: London, UK

Founded: June 2006

Website: truphone.com

Twitter: @Truphone

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Efigence Teams Up with Idea Bank to Present New Transaction System for SMEs

By David Penn Posted on February 11, 2014
Categories: Efigence, FinovateEurope 2014, Idea Bank

This post is part of our live coverage of FinovateEurope 2014.

Coming to the stage now is the combined team of efigence, builder of web and mobile IB platforms, and Idea Bank, a specialist in SME banking.

“We are presenting a tool for small and medium enterprises. It is a new transaction system for SMEs that is connected with accountancy systems and a company’s cash flow analysis.”

Presenting Marek Lesiak (CTO, efigence), Andrzej Szewczyk (Managing Director, efigence), and Steve Sutton (Innovation Manager, efigence)

Product Launch: Q1 2014

Product distribution strategy: Direct to Business (B2B), Direct to Consumer (B2C)

HQ: efigence: Warsaw, Poland; Idea Bank: Warsaw, Poland

Founded: efigence: 1999; Idea Bank: 2010

Website: efigence.com; ideabank.pl

Twitter: @efigence, @IdeaBankSA

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LifePay Introduces its Financial Ecosystem

By David Penn Posted on February 11, 2014
Categories: FinovateEurope 2014, LifePay

This post is part of our live coverage of FinovateEurope 2014, and has been updated.

Starting us off after the noon break is LifePay from Moscow.

“Today we are talking about our evolution from ordinary mobile card reader solution to the LifePay Ecosystem.

Over 1.5 years of existence, we have connected more than 8,000 companies to LifePay, and also created a complete closed system of inside interaction. The components of LifePay Ecosystem include:

Mobile app builder for business apps (iOS and Android)

Consumer downloads building app with order delivery via LifePay mPOS (accepts card payment; SMS receipt with LifePay Wallet offer)

The app tracks all transactions and gives the opportunity to pay for further bargains without taking your card out of your pocket. LifePay Stand, a free tablet for business with preinstalled ecosystem software.”

Presenting Vladimir Akimov (COO) and Viacheslav Semenchuk (CEO) and Helena Spirina (customer)

Product Launch: January 2014

Metrics: Money raised: $2.6 million; number of employees: ~30; revenues: ~200,000 RUR; registered users: over 5,500; readers realized: over 15,000; website traffic: 100,000 DAU

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Moscow, Russia

Founded: September 2012

Website: life-pay.ru

Twitter: @LifePay

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Toshl Finance Makes Personal Finance Management Fun

By David Penn Posted on February 11, 2014
Categories: FinovateEurope 2014, Toshl

This post is part of our live coverage of FinovateEurope 2014.

Our last presenter before the noon break is Toshl demoing Toshl Finance.

“One of the main problems of personal finance is that it’s annoying to most people and they get quickly discouraged. Our aim is to provide more positive feedback and create content based on user’s data that is fun and makes them come back, despite the possibly harsh realities of their financial situation.”

Presenting Matic Bitenc (CEO) and Miha Hribar (CTO)

Product Launch: March 2013

Metrics: 8 employees, 1.5 million registered users

Product distribution strategy: Direct to Consumer (B2C)

HQ: Kranj, Slovenia & Mountain View, CA, USA

Founded: April 2012

Website: toshl.com

Twitter: @Toshl

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MyOrder Delivers the Smartest Way to Spend, Connect, Shop, Browse and Have Fun

By David Penn Posted on February 11, 2014
Categories: FinovateEurope 2014, MyOrder

This post is part of our live coverage of FinovateEurope 2014.

Coming to the stage is the team from MyOrder.

“We are MyOrder. We empower and delight our customers by delivering confidence and convenience to their shopping experience.”

Presenting Gertjan Rösken (CTO) and Tamar Klein (Sales Manager)

Product Launch: September 2013

Metrics: >200,000 downloads in the Netherlands; 11,000 merchant locations in the app

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), international distribution strategy through partners (FIs, other FinTech companies, etc.)

HQ: Groningen, Netherlands

Founded: 2008

Website: myorder.nl

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