FinovateEurope 2015 Archives - Page 6 of 8

CoinJar Leverages BlockChain Technology to Provide a Wide Range of Digital Payment Options

By David Penn Posted on February 10, 2015
Categories: CoinJar, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

CoinJar is the eminent digital finance platform in the Australian market. The company’s co-founders are making their way to the stage.

CoinJar lets users buy, sell, send, receive, and spend digital and traditional forms of currency using the blockchain technology that underlies bitcoin. With a simple user interface designed for the average consumer, CoinJar bridges legacy payment systems and new digital platforms. It opens the potential for bitcoin to become the future of global remittance payments, automated escrow, smart contracts, digitized asset ledgers, and secured and signed user cryptography.

CoinJar also has an open API, allowing developers to innovate on top of the CoinJar platform to adopt the best of blockchain technology for uses other than currency.

Presenters: Co-founders Asher Tan and Ryan Zhou

Product launch: December 2014

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

HQ: London, United Kingdom

Metrics: AU$450,000 raised in venture capital and angel investment; more than 40,000 users; more than $50 million in exchange transactions in Australia; 285,000 BTC sent between CoinJars worth $150 million; 13 employees

Website: coinjar.com

Twitter: @GetCoinJar

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Topicus.Finance Presents its Force Business Lending Solution

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, Topicus

This post is part of our live coverage of FinovateEurope 2015.

A provider of innovative, pay-as-you-go, cloud-based banking software, Topicus.Finance is next with its Force Business Lending solution.

The Force Financial Business Process Management (FBPM) solution is not a generic BPM platform, but one that knows about financial products, their structures, pricing, and provisions. It was developed with today’s challenges in mind and has its high-end financials analysis, rating, and pricing applications tightly integrated.

Presenters: Managing Director Michael Schipper, and Head of Business Lending Jamie Burink

Product launch: 2013

Product distribution strategy: Direct to Business (B2B) through financial institutions, licensed

HQ: Deventer, Netherlands

Metrics: At the end of 2014, Topicus.Finance has an estimated turnover of 20 million euros and 220 employees. The entire Topicus group has an estimated turnover of 48 million euros and 525 employees at the end of 2014. Topicus is wholly owned and financed by its founders and current board members.

Website: topicusfinance.com

Twitter: @Topicus.Finance

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IDmission Introduces INFORM, an Enterprise-level Forms Builder

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, IDmission

This post is part of our live coverage of FinovateEurope 2015.

IDmission is presenting its cloud-based solution for identity-initiated customer onboarding and engagement.

INFORM is a fully configurable Enterprise forms product that enables building of sophisticated user experiences without any programming. You can build your own forms with KYC, document management, image processing, biometrics, online calls, workflows, and payments integrated into them. INFORM is integrally connected to Ada, our cloud platform infrastructure, enabling reuse of all Ada’s software components and connectivity to third-party systems.

Presenters: CEO and Pres. Ashim Banerjee; VP Product Dev. Angie Schmuck

Product launch: March 2014

Product distribution strategy: Direct to Business (B2B) through financial institutions, through global partners

HQ: Louisville, Colorado, U.S.A.

Metrics: 75 employees in the United States and India

Website: idmission.com

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Strands Launches Loop to Combine PFM and Card-Linked Offers

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, Strands

This post is part of our live coverage of FinovateEurope 2015.

Strands demonstrated how Loop builds a personal banking experience for retail and commercial banking customers:

Strands Loop is a combination of three solutions: Business Financial Management (BFM), Card-Linked Offers (CLO) and Personal Financial Management (PFM). Strands BFM is a white-label product that helps SMEs make better financial decisions. With this intuitive tool, business owners can analyze and forecast future financial needs.

Thanks to the tight integration with Strands CLO and Strands PFM, SMEs are also empowered to influence their future cash flow. With predefined marketing strategies and PFM data insights, SMEs can easily set up campaigns and target highly relevant deals to the card holders. With Strands Loop, financial institutions can create a more seamless and personal banking experience and build better relationships with their SME clients.

Presenters: Dario Lombardi, Strands’ general manager; Cesar Richardson, director of business development

Product launch: February 2015

Metrics: $55 million institutional investment, 70 employees, offices in Barcelona, Miami, Madrid and Buenos Aires, two business units: Finance and Retail, serving more than 150 corporate customers around the world

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

HQ: Barcelona, Spain

Founded: 2004

Website: finance.strands.com

Twitter: @StrandsFinance

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TiViTz College $avings Game-a-thon Helps Kids Save for College

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, SAS Games

This post is part of our live coverage of FinovateEurope 2015.

TiViTz showed how its College $avings Game-a-thon helps kids of all ages save for college:

The TiViTz College $avings Game-a-thon is a market-disruptive tool that complements existing financial savings vehicles and provides a solution for families to offset potential student-loan debt and to help cover the cost of higher education.

The Game-a-thon—where students solicit pledges online from friends and family for playing TiViTz games—is similar to a Walk-a-thon, only fully automated from pledge solicitation to fund deposit into a savings vehicle. The Game-a-thon can fundamentally change the way families think about affording college and significantly empower children to take responsibility for, and contribute to, their own advanced education, all while improving their math skills and financial literacy.

Presenters: CEO Siobhan Mullen; Director, Technology, Patrick Moore

Product launch: September 2015

Metrics: TiViTz has raised more than $5 million from angel investors. The company has 10 employees to manage tournaments, events, operations, marketing, and promotions, as well as product development with game developers in Europe (Unit9) and with fundraising tool software developers in California (SETA International).

Product distribution strategy: Direct to Consumer (B2C) through financial institutions, through other fintech companies and platforms, licensed

HQ: Cocoa, Florida, U.S.A.

Founded: February 2004

Website: tivitzcollegesavings.com

Twitter: @tivitz

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Xsolla Presents its Customizable, White-Label Billing Platform for FIs

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, Xsolla

This post is part of our live coverage of FinovateEurope 2015.

Xsolla , the company behind one of the most advanced billing platforms for online gaming, has brought its technology to the world of e-commerce payments.

Game developers are a technologically advanced and very demanding customer. High expectations of gaming companies encouraged Xsolla to create the most advanced payment system on the e-commerce market.

With extensive relationships with payment providers like PayPal and Amazon, and services for AAA game companies like Valve, Nexon, Crytek, and Changyou, Xsolla is demoing its white-label, customizable billing-platform for banks.

Presenters: Aiman Seksembaeva, director, business development; Alexander Menshikov, integration manager

Product launch: February, at FinovateEurope

Product distribution strategy: Direct to Business (B2C)

HQ: Sherman Oaks, California

Metrics: Xsolla was founded in 2006; today it employs 170 people. Xsolla has offices in U.S.A., Brazil, Russia, Ukraine, Korea, and a number of financial centers.

Website: xsolla.com

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Telenor banka Powered by Asseco SEE Presents its Automated Online Handset Loan

By David Penn Posted on February 10, 2015
Categories: Asseco, FinovateEurope 2015, Telenor banka

This post is part of our live coverage of FinovateEurope 2015.

Finishing up the first session of the day is Telenor banka, which has teamed up with Asseco South Eastern Europe (SEE) to offer their Automated Online Handset Loan.

Telenor banka is the first fully mobile online bank in the SEE region, showcasing a mobile-device loan-offering based on Telco and banking’s big-data analytics. The right offer, at the right time, at the right place: for each customer, it is hassle-free and only a couple of clicks away. The automated process is achieved with the help of Asseco SEE’s ASEBA Multi-channel Hub.

Presenters: Telenor banka’s Chairman, Executive Committee, Martin Navratil; Piotr Jelenski, group president of the management board, Asseco SEE; and Telenor banka’s Marketing Director Mario Carevic

Product launch: Q3/Q4 2015

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

HQ: Telenor banka is based in Belgrade, Serbia; Asseco SEE, Warsaw, Poland

Metrics: Telenor banka has 130 employees, is part of Telenor Group with 179 million users, is present in 13 markets. Asseco SEE has 1,400 employees, is present in 13 countries and is listed on WSE.

Website: telenorbanka.rs & asseco.com/see

Twitter: @Telenorbanka and @Asseco_See

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Pay2You from Delta Bank Empowers Payments to Anyone in Your Address Book

By David Penn Posted on February 10, 2015
Categories: Delta Bank, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Delta Bank, a Ukranian universal bank demoing its P2P payment solution.

Pay2You is a service for sending money to any contact from your address book. It is very simple: You choose the recipient of payment from your phone book, input your card details and the sum, then push “send money” and the recipient receives the SMS with the transfer-security code.

Then the recipient just enters any of their card numbers, along with the security code, and the money instantly proceeds to their account. The process of sending a transfer takes no longer than 10 seconds.

The service can be enjoyed on the website, mobile app, or directly from Facebook.

Presenters: Head of R & D Dept., Stanislav Ostrovskyi; Head of Innovation Dept., Denis Vorobiov

Product launch: September 2014

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

HQ: Kyiv, Ukraine

Metrics: Fourth largest Ukranian bank; $4 billion USD in assets; 6,000 employees; 5 million clients

Website: en.deltabank.com.ua

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Five Degrees Launches Mid-Office Services Suite, Matrix Universe

By David Penn Posted on February 10, 2015
Categories: FinovateEurope 2015, Five Degrees

This post is part of our live coverage of FinovateEurope 2015.

Next up is Five Degrees, the developer of Matrix, a core BP engine and banking solution.

The world of services is here. Connecting with other parties, including non financial, is key to a modern bank’s success. That is why Five Degrees is introducing Matrix Universe, a set of extensions on our Mid-Office Services Suite that enables banks to fully manage their partnership ecosystem. For retail and SMEs, transactions and loyalty, infrastructure and data analytics, apps and services can be added. Built around our visual BPM engine means no coding is required.

Presenters: Chief Commercial Officer Brian van Wachem; CTO Björn Holmthorsson

Product launch: February 2015

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

HQ: Breukelen, Netherlands

Website: fivedegrees.nl

Twitter: @fivedegrees

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Encap Security’s Integration of Touch ID Helps Authenticate High-value Financial Transactions

By David Penn Posted on February 10, 2015
Categories: Encap, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

The team from Encap Security is making its way to the stage. Encap develops technology that enables mobile authentication for financial service providers.

Encap Security is the first authentication company in the world to integrate Apple Touch ID. Encap is demonstrating how financial institutions can use Touch ID to provide access to authenticate high-value financial services transactions. Touch ID integration showcases how Encap technology can detect and use device capabilities to layer on new authentication factors as they come to market. Financial institutions can then take advantage of these factors as they see fit, to ensure they are delivering the highest level of usability and security.

Presenters: CEO Thomas Bostrøm Jørgensen; Sales Director, Europe, John Burman

Product launch: June 2014

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

HQ: Oslo, Norway

Metrics: With locations in Oslo, and Palo Alto, California, Encap Security’s management team has an unrivaled stature in authentication and mobile financial services. CEO Thomas Bostrom Jorgensen and the Encap Security executive team of 15 employees together combine more than 60 years of experience across mobile financial services, identity management and mobile-app security. The total investment made in Encap Security is 4.8 million euros.

Website: encapsecurity.com

Twitter: @encapsecurity

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ebankIT’s Solution Brings Contextual Banking to Multiple Channels

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: ebankIT, FinovateEurope 2015

This post is part of our live coverage of FinovateEurope 2015.

ebankIT showed off its multichannel innovation that gives users a seamless experience across all channels:

ebankIT aims to materialize in a solution that is much more than a banking application, maximizing the interaction of financial institutions and clients by extending the concept of omnichannel and social banking. In the world of omnichannel banking, customers are in control of the channels they wish to use.

For example, they can begin an interaction using one channel, such as mobile, while at home, and end it in another, such as SmartTV or Internet banking. Omnichannel banking brings the industry closer to the promise of true contextual banking in which financial services become seamlessly embedded into the lives of individual and business customers.

Presenters: João Pinto, member of the board of directors, and Omni-channel Specialist Paulo Oliveira

Product launch: February 2015

Metrics: Revenues around €2M, 50 employees

Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Oporto, Portugal

Founded: January 2014

Website: ebankit.com

Twitter: @e_bank_it

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Quantitative Credit Research’s RiskAware Forecasts Corporate Defaults

By Julie Muhn (@julieschicktanz) Posted on February 10, 2015
Categories: FinovateEurope 2015, Quantitative Credit Research

This post is part of our live coverage of FinovateEurope 2015.

Next, Quantitative Credit Research demonstrated RiskAware:

RiskAware was developed based on the lessons learned from the financial crises. RiskAware can analyze and measure corporate credit risk quicker and better than existing practices.

RiskAware forecasts corporate defaults on a one-year term with close to 90% accuracy rate. New methodology includes the introduction of the macro environment into credit risk analysis and the simulation of 32 macro scenarios for each loan and borrower.

Presenters: CEO and Founder Tamas Varkonyi and CTO Sandor Kocso

Product launch: March 2014

Metrics: 4 partners, 5 employees, operation in United Kingdom and Central Europe

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

HQ: London, United Kingdom

Founded: June 2010

Website: qcresearch.co.uk

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