FinovateEurope Sneak Peek: HooYu

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

HooYu is a global identity verification platform that combines a digital footprint analysis, identity document verification, facial biometrics, and database checks to confirm the customer’s identity.

Features

  • Verifies and welcomes the 30% of customers that aren’t being catered to with traditional KYC
  • Seamlessly fits into your customer on-boarding process
  • Enhances your customer due diligence checks

Why it’s great
HooYu’s approach is to blend identity technologies and multiple sources of identity information to form a multi-layered defense and help pass all of your customers during the on-boarding process.

Presenter

David Pope, Head of Marketing
With just under 20 years of marketing experience, Pope is responsible for marketing and sales. A specialist in helping firms understand KYC regulation, David is an expert in identity fraud and theft.

FinovateEurope Sneak Peek: TESOBE

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

TESOBE’s Open Bank Project is the leading open source API solution for banks.

Features

  • Comply with Open Banking and PSD2 regulation and go beyond
  • Leverage a large Open Banking catalogue of APIs
  • Reach over 8,000 fintech developers worldwide

Presenters

Simon Redfern, CEO
Founder of the Open Bank Project, Redfern is a hacker at heart, always keen to explore emerging technologies. He is also a composer and enjoy creative collaborations and is based in Berlin, but from London.
LinkedIn

Ismail Chaib, COO
Chaib is a recognised Open Banking practitioner with more than 5 years of experience in the domain. As COO of TESOBE, he is in charge of sales, business development and marketing. Previously, Chaib was founder of SMSBridge. He is based in Berlin and from Algiers.
LinkedIn

FinovateEurope Sneak Peek: Qover

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

Qover is building the world’s first full stack “Insurance-As-A-Service” platform. The company creates digital insurance and makes it available via an open API.

Features

  • Insurance created from scratch and in-house
  • Available via an open API
  • Only insurtech worldwide with a coverholder at Lloyd’s of London and a partnership with Munich Ré

Why it’s great
Qover embeds insurance services seamlessly in any business via its Open API. Just like Paypal, but for insurance.

Presenters

Jean-Charles Velge, Co-founder
After a career in private equity, in Hong Kong, Velge decided together with his business partner and friend to jump to this huge opportunity of really digitalizing the insurance business.
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Quentin Colmant, Co-founder
Colmant spent the biggest part of his career working in the insurance business. At Allianz he worked through different departments allowing him to deep learn about every aspect of insurance.
LinkedIn

FinovateEurope Sneak Peek: YellowDog

 

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

YellowDog transformed the CGI rendering industry with Limitless Compute and amazing algorithms. YellowDog is now scaling to disrupt the financial services industry with award-winning technology.

Features

  • Reduce risk and make better decisions by carrying out more analyses faster than ever before
  • Always deliver batch workloads on time without spending more on servers

Why it’s great
YellowDog solves big batch problems in financial services by giving them access to Limitless Compute.

Presenters

Gareth Williams, CEO
Williams has built and led product management teams in mobile and software companies for the past 13 years. He founded YellowDog in January 2015.
LinkedIn

Simon Ponsford, CTO
Ponsford has 16 years experience in high growth start-up environments working in CIO, CTO and Technical Architect roles in the across the world, with several cloud computing related patents to his name.
LinkedIn

FinovateEurope Sneak Peek: Touché

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

Touché is the world’s first biometric-based solution that leverages users’ fingerprints to deliver personalised experiences to them – and additional profit to the merchants.

Features

  • Personalised experiences to users
  • Efficiencies and actionable analytics to merchants
  • Value-added-services to acquirers

Why it’s great

A global solution, Touché transacts payments, manages loyalty and reward programs, and automatically applies discounts and entitlements. For merchants it analyzes historic and predictive behavior and offers targeted marketing.

Presenters

Sahba Saint-Claire, CEO & Co-Founder
Saint-Claire has had a 27-year banking career with JPMorgan, DBS, and Standard Chartered as global COO and CIO where he was overseeing tech and operations with 6,000 people globally and supporting $22 billion in revenue.
LinkedIn

Javier Peso, Chief Product Officer & Co-Founder
Peso has a deep understanding of the payments industry from his time working as a software engineer and product manager in Memec, Venco Electronica, Avnet Electronics, and P4Q Electronics.
LinkedIn

FinovateEurope Sneak Peek: Ondot Systems

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

Ondot Systems, an innovative fintech company, brings together experts from mobile, security, and payment card industries to transform how consumers interact with their financial institutions. Ondot’s mobile application lets you control and personalize your card and that of your dependents – setting spending limits, specifying preferences around transaction types, merchants and locations.

Why it’s great
Ondot’s innovative Mobile Card Services enable consumer control over payment cards, helping reduce fraud, banks’ support costs and increase card usage.

Presenter

Gary Singh, VP of Marketing
Singh has extensive specialist knowledge of the IOT market, mobile technologies and marketing and digital payments.
LinkedIn

Get Your Sneak Peek Starting Next Week

FinovateEurope is taking place March 6 through 9 in London (register today). And for the first time, Finovate is bringing its expanded content format to our European conference. Check out our topic preview from last week to see some of the topics that will be discussed in panels and forums this year.

Get a Sneak Peek into the demos

Anchoring the show will be our signature, demo-only showcase of the latest tools and trends in fintech. Join us as dozens of companies take the stage to show off their newest innovations – live – in front of our audience. To help you prepare beyond the discussion sessions, we’re kicking off our Sneak Peek blog series. Starting next week, we’ll reveal a company-by-company look into the new technology each demo company will show on stage during the first two days of the show. This series will continue through February and you don’t want to miss it.

For more of what to expect, check out the agenda, view the list of demoing companies, and plan your visit.

The Open Future is Here: Now Comes the Hard Part

louise-beaumont-finovate-open-bankingThe arrival of open banking will (eventually) prompt both entirely new services and major enhancements to existing services. Louise Beaumont, Co-Chair, Open Bank Working Group at Tech U.K. tells us what this means.

For banks, combining data through APIs will allow them to improve customer experience hugely for processes such as account opening, AML checks and product application processes, where personal information can be pre-populated and information verified from official sources.

But that is an iterative version of today. Where Open Banking gets interesting is looking beyond ‘banking’ to where non-banks start to play. Once payments services providers have access to transaction data, they will be able to anticipate when customers are likely to need a short-term line of credit and offer their service as an alternative.

By reacting defensively and doing no more than comply with the minimum mandated standards for the Open API, some banks will hope to do as little as they can to speed the flow of data out of their organisations, and therefore to carry on as far as possible with business as usual – in a market that is undergoing fundamental change.

This is short-sighted. Assembling richer pools of data from multiple sources will give banks more angles from which to view their customers and more ways to understand them than they could gain just from transactional information. They could profile and segment their customers more precisely and look for behavioural patterns that can be used to refine predictive models. The insights they gain will power new services and improve existing ones within their own defined and manged ecosystem.

One set of potential competitors in the open banking future, the tech titans, excel at this; assembling and analysing data, at scale, as a matter of course. Companies that have data at their heart are getting perpetually smarter because they’re building ever-deeper layers of data. It allows them to make behavioural inferences that enable them to build more predictive, pre-emptive and personalised services.

Banks that choose to engage fully in the new market based on open data will focus on the element of their environment that they can control: which organisations they choose to collaborate with to create new services based on pooled data.

These will be partnerships of mutual advantage, with the potential to create new sources of profit for both parties that will be shared between them. Banks cannot expect to generate all the business ideas themselves that combining data sources will make possible. Success will come from the ability to collaborate most effectively and be open to ideas from outside.

In this new world, the banks will succeed by finding the best fit between their data and that held by other organisations, whether mobile phone companies, energy providers, transport companies, airlines or any number of others. But to succeed in the competition to collaborate most effectively, banks will need the best possible tools for data sharing and analysis. An Open API that complies with the minimum required standard will not be good enough.

What will set the winners apart is the extent to which they go beyond that and actively seek commercial partnerships based on data-pooling. That requires a different mentality: one that sees open data not just as an obligation, but also as an opportunity to learn and find new sources of value.


Dr Louise Beaumont

Open Bank, techUK & Open Bank, SapientRazorfish

Dr Louise Beaumont creates markets, enables scale, and drives growth.  She is particularly interested in the intersection between technology, financial services and public sector; and has worked with start-ups, investors, blue chips and everything in between to grow companies and create value.

Going Beyond the Demos this Year

FinovateEurope is bringing you more this year. In addition to two days packed full of demos, we’ve added two days of discussion that will help you not only digest the new innovations, but also bring an analytical perspective from top industry leaders on key fintech trends and issues.

It’s all happening March 6 through 9 at ExCeL London (register today). To help you curate your schedule, here’s a list of the top themes you can expect to see at FinovateEurope:

Geopolitics

We’re just days into the new PSD2 environment, and that’s only one of many geopolitical changes impacting banks and fintechs alike. GDPR and MIFID II, along with yet-to-be-seen influences from Brexit will all take their toll this year. Hear what experts have to say about these and other international regulations, and what types of regtech solutions can help.

AI

AI has proven to be one of the hottest issues in fintech and is sure to pulse throughout discussions this year. Learn what the industry’s top influencers have to say about the topic, along with how it will tie in with deep learning, machine learning, and new credit scoring techniques.

Security

This ever-present fintech topic grows new meanings and nuances each month, as hackers become more sophisticated. Hear why technologists say you should be afraid (very, very afraid) and what you can do to prevent a security breach.

Investing

After the robo advisor craze of 2014 and 2015, it’s time to take another look at this space and explore the newest emerging investing technologies, such as quantum computing, and how they can revolutionize you and your clients’ portfolios.

Banking

These sessions will go beyond a web and mobile banking toolkit. See what’s new in digital banking, hear how challenger banks are changing the game, and what you can do to compete.

Blockchain

Bitcoin may be on the downtrend but the blockchain is just getting started. Learn about how your firm can leverage the blockchain beyond payments.

Payments

It’s not only payment types and user experiences that are changing. Digital giants such as Apple, Facebook, Amazon, Alipay, and Tencent have entered the game and competition has never been more fierce.

Lending

Check out the new alt-lending landscape and see how some of technology’s biggest players such as Apple, Facebook, Amazon, Alipay, and Tencent are making changes to consumer and small business lending.

IoT, AR, and VR

These once-futuristic technologies are making their way into the mainstream– and quickly. Hear suggested timelines and how to prioritize these non-essential user experience channels.


Additionally, scattered throughout the sessions will be highlights such as:

  • Presentations from analyst all-stars
  • Discussion with industry leaders on seizing the fintech opportunity
  • Pitches from fresh startups
  • Where’s the VC money going in fintech?
  • What’s next?

And don’t forget the demos. If you still haven’t checked out our lineup for the first two days, be sure to visit the FinovateEurope website to learn more about the companies that will demo their newest technologies on stage.