FinovateEurope: Behind the Scenes with Luxoft, Topicus Finan, and Jumio

Here’s a look at another set of companies who showed off their new technology at FinovateEurope in London last month.

If you missed the previous behind-the-scenes features, you can check them out below:


LuxoftLuxoftLogo.jpg

What they do

With its mobile tablet app, iStockTrack, Luxoft aims to give premium bank clients a single, powerful tool to compare stocks, monitor their wealth, do daily banking activities, keep up with industry news, and more.

Stats
    • 7,000+ employees
    • 19 offices worldwide
    • 130+ clients
    • 300+ successful projects
    • Public company NYSE: LXFT

The experience
The screenshot below, which captures the user experience on the iPad, illustrates the client view of their net worth in the Banking tab. The top of the screen details the user’s individual accounts, while the graph in the middle shows a visual representation of the user’s net worth over time and projected future net worth.

Near the bottom, the user has access to tools such as a calculator, a video chat connection to their advisor, and an ATM locator. The user can customize these to their individual preferences.

bankingNetWorth.jpg

This screenshot shows the user’s Favorites section that breaks down an individual stock (in this case, Google). It includes a comprehensive view of the stock, including data, a written business summary, and the ability to compare it with other stocks.

Also noteworthy is the Analyst Consensus section in the bottom right corner, which advises the user on the option to buy, sell, or hold a stock.

favoritescompanybuy.jpg

The screenshot below shows stock indices along the top, along with relevant events on the bottom right, and news on the left. Written news releases are located along the left side, and are complemented with videos on the bottom help to further inform the user on their trading decisions.

marketsoverview.jpg

Luxoft can bring iStockTrack to any banking client within 4-6 weeks.The app can be re-skinned to match the branding preferences of any financial institution. 

Luxoft has been around for 14 years and provides a host of other financial solutions.

Check out Luxoft’s live demo from FinovateEurope here.


Topicus Finan

TopicusFinanLogo.jpg

What they do

Among Topicus Finan’s many different solutions is its self-serve small business lending product, which it demoed at FinovateEurope. This product-as-a-service provides entrepreneurs with an easy-to-understand view of their business financials along with tools such as what-if analyses to determine the financial impact of possible decisions.

Simultaneously, the lending institution is given full visibility into the business owner’s financials and decisions, and even informs them when the entrepreneur is seeking additional capital.

Stats
    • 52 full time employees and growing
    • Turnover in 2013 was €4.1 million
The experience

The below screenshot illustrates the entrepreneur’s view of their small business finances. In this case, after the client logs on via their tablet’s web browser, they see an advisory graph that shows the assessment rating that the business receives on 6 different pillars: Capital, Liquidity, Return on capital, Revenues development, Payment behavior, and Payment credit charges.

IntroAdvice.jpg

The entrepreneur can also view graphs of their solvency rate, gross profit margin, and net cash. Additionally, they have the ability to see how each of these metrics will change with different scenarios such as purchasing equipment or adjusting labor.

ClientView3.jpg

The financial institution is given a full view of the small business’ finances. In this case, the business owner tested a what-if scenario about financing a new piece of machinery, and realized he did not have the cash flow to make it happen.

Afterwards, the loan officer was alerted that the client needed additional capital to purchase the new piece of machinery. At this point, the loan officer can easily view the actual business metrics to help make the decision about how much capital to offer.

FIView.jpg

Topicus Finan counts ING as one of its largest customers. The Dutch bank uses Topicus Finan’s software worldwide.

Check out Topicus Finan’s live demo video from FinovateEurope here.


JumioLogo.jpg

What they do

Jumio’s Fastfill speeds up a bank’s customer acquisition process by extracting data on a customer’s ID document. After scanning an ID such as a passport or driver’s license just once, the new client no longer needs to bother with filling out multiple fields on a form.

Stats

    • Raised $37 million, $25 of which was from Andreessen Horowitz 
    • PCI 1 Certified 
The experience

To open an account, the user is faced with the following 12-field form. In order to expedite the process and decrease friction, the user is presented with the option to scan their ID.


JumioForm1.jpg

The user scans their ID document, just as they would a check during a remote deposit capture process. Acceptable documentation includes a drivers license, passport, or government-issued ID.

JumioScan.jpg

The screenshot below shows what the form looks like after it has extracted the information from the ID.

JumioForm2.jpg

Jumio also offers two other products that use its imaging technology, Netswipe, which allows consumers to pay by taking a picture of their credit card, and Netverify, which uses facial comparison to determine if users are who they say they are.

Check out Jumio’s live demo from FinovateEurope here.

FinovateEurope 2014: FinTech on Film

Thumbnail image for FinovateEuropeButtonicon(highres).jpg

Your plan to binge watch “House of Cards” just got a little more complicated.

The videos from FinovateEurope 2014 are now available in our Video Archive section. Two full days of demos. 67 presentations. More than 470 minutes of fintech innovation. No gorilla suits or no-look, laptop tosses this time around. But the two-day event did feature an entertaining performance by a precocious young investor, a pair of innovators in motorcycle helmets, and a Russian supermodel.

And if all that doesn’t whet your appetite, here’s a look at the demo videos from the nine companies awarded Best of Show honors this year. Click the image to go to the video page.

Enjoy!

Backbase_FEU14_BoS.jpg

Thumbnail image for BackbaseLogo.jpg
BehavioSec_FEU14_BoS.jpg
Thumbnail image for BehavioSecLogoFEU14.jpg
Dynamics_FEU14_BoS.jpg
Thumbnail image for DynamicsLogo1.jpg
Etronika_FEU14_BoS.jpg
Thumbnail image for EtronikaHorizontalLogoNew.jpg
Luxoft_FEU14_BoS.jpg
Thumbnail image for Luxoft_logo.jpg
Misys_FEU14_BoS.jpg
Thumbnail image for MisysLogofkaINDGroup.jpg
Tink_FEU14_BoS.jpg
Thumbnail image for TinkLogo.jpg
Toshl_FEU14_BoS.jpg
Thumbnail image for ToshlNEWLogo.jpg
YourWealth_FEU14_BoS.jpg
Momentum

Luxoft Helps Banks Give their Clients a Single Place to Track their Investments

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

Luxoft_logo.jpg

Next, Luxoft demonstrated iStockTrack, an app that gives users a single place to connect with their investment life:
“iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients. iStockTrack features include client consolidated wealth view, investment portfolio monitoring, personal adviser video call and chat, 24/7 individual banking services, instant market data and news, and macroeconomics dashboard – all in one app!”
Presenting Przemyslaw Berendt (VP Global Marketing)

IMG_4391.JPG
IMG_4388.JPG
Product Launch: May 2013
Metrics: 7,000+ employees, 19 offices worldwide, 130+ clients, 300+ successful projects, revenue CAGR 26% FY 2011 to FY 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Zug, Switzerland
Founded: 2000
Website: luxoft.com
Twitter: @Luxoft_tweets

FinovateEurope 2014 Sneak Peek: Part 2

Thumbnail image for FinovateEuropeButtonicon(highres).jpg

We are counting down the days and weeks to FinovateEurope 2014, our fourth Finovate event in London. On February 11 and 12, Old Billingsgate Market Hall will once again host two days of demo-only fintech presentations and high-quality networking with professionals from across the industry.

To help you get to know the companies presenting next month, here’s an introduction to another six innovators that are building tomorrow’s fintech today. See Part 1 for the first six. 


Thumbnail image for amp_logo_LI.jpg

Advanced Merchant Payments enables banks, merchant acquirers, and other institutional lenders to profitably offer short-term, unsecured loans to underserved small businesses in both developed and emerging markets.
Features:
  • Proven, profitable, and scalable managed solution
  • Requires minimal investment or technical development
  • Complementary, value-add, product set supports customer acquisition and retention
Why it’s great:
AMP enables banks to profitably lend to those small business customers who might otherwise be underserved for reasons of cost and efficiency.

thomas_deluca_headshot.jpg

Thomas De Luca
Chief Executive and co-founder of AMP. Previously co-founded multi-currency payment processor Planet Payment, Inc. (NASDAQ: PLPM). Before that: Legal Affairs at American Express.

James_Lloyd_headshot.jpg

James Phillip Lloyd
Director of Product Management at AMP. Previously Operations Delivery Manager for European payment service provider, Realex Payments. Before that: Strategy & Operations at Deloitte Consulting

Fiserv_lo_res_logo.jpg

Fiserv, the world’s leading provider of digital banking and payment solutions will demonstrate the next generation version of Mobiliti.
Features:
Mobiliti, Fiserv’s mobile and tablet banking platform, focuses on completeness, intuitive design and disruptive functionality.
Why it’s great:
Fiserv’s Mobiliti is the broadest and most disruptive set of features on a mobile device, without compromising the user experience.

Denis_Zelensky_headshot.jpg

Denis Zelensky
Is passionate about mobile and stays mobile himself: born in Russia, educated in the U.S., lives in London, and works with financial institutions across EMEA.

jon_atkinson_headshot.png

Jonathan Atkinson
Pre Sales, Mobile Solutions

GMC_lo_res_logo.jpg

GMC Software Technology is a leader in the field of Customer Communications Management. GMC develops innovative software applications that enable businesses to transform the customer experience.
Features:
GMC Inspire Mobile Onboarding is a game-changing innovation that allows banks to attract, retain, and grow customers through real-time, interactive communication.

GMC_antoine_hemon_laurens_headshot.jpg

Antoine Hemon-Laurens
Is an expert in Customer Communications Management. He is Director of Mobile Product Marketing at GMC.

GaryJenkins_Headshot_square.jpg

Gary Jenkins
Product Manager for GMC Software Technology and has extensive experience in delivering Enterprise solutions into the financial sector.

Luxoft_lo_res_logo.jpg

Luxoft‘s iStockTrack is an innovative mobile application for premium & private banking services that offers state of the art user experience.
Features:
  • Provides comprehensive customer experience for private & premium banking clients
  • Offers unlimited sales capabilities to banks
  • Reduces cost of service per client
Why it’s great:
iStockTrack is a toolkit that can be customized to fit business needs and corporate style in just four weeks.

przemek_berendt_headshot.jpg

Przemek Berendt
Global Marketing Vice President at Luxoft (NYSE: LXFT). Previously Luxoft Poland, Managing Director. Prior to Luxoft, Przemek was Business Development Manager at Betware.

Money_on_Toast_lo_res_logo.jpg

Money On Toast is a revolutionary new service that allows clients to get fully-regulated, automated financial advice directly online.
Features:
  • Clients can access FCA-regulated advice online via an algorithm-powered virtual adviser
  • Automatically generates a suitability report
  • Provides a fully compliant audit trial
Why it’s great:
Money on Toast is the first UK-based company to drive the way financial advice is delivered into the modern digital age.

charlie_nicholls_headshot.jpg

Charlie Nicholls
Founder and managing partner of Money on Toast. Studied law at Cardiff University. Lives and works in London.

Catharine_Dodd_headshot.jpg

Catharine Dodd
Manages the online advice service at Money on Toast. Based at the Chichester office on the south coast.

Thumbnail image for smartenginelogo.jpg

Smart Engine is a pioneer in the field of customer loyalty. We are drivers of innovation and leaders in personalized target marketing.
Features:
  • Merging online and offline shopping world for retail customers
  • Closer to the customer with real-time in-store targeting
  • Increases customer lifetime value
Why it’s great:
Shopping Assistance adds an entirely new level of “big data” consumer profiling and multichannel targeting to our card-linked offer, bank loyalty platform.

Christian_Bacher_headshot.jpg

Christian Bacher
Spent more than 20 years working at different top management levels in IT solutions for the banking and payment industry in Europe and Russia.

Anna_Bacher_headshot.jpg

Anna Bacher
Has more than 15 years of international experience in designing and implementing complex IT solutions for the banking and payment industry in Europe and Russia.

Innovations at FinovateEurope 2014: Part 2

Thumbnail image for FinovateEurope2014wdatehighres.jpg

A week ago we introduced you to half of the companies that will be demoing their technologies on stage for FinovateEurope 2014.

Today we’re providing the second half of our scheduled roster for February.

For more information, and to get your tickets, visit our Finovate Europe 2014 page here.

Luxoft_logo.jpg

Luxoft’s iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients.

Thumbnail image for matchi_logo.jpg

Matchi is an innovative matchmaking platform for banks and innovators to establish collaborative relationships that deliver increased ROI for innovators and banks alike.

Thumbnail image for MenigaLogo.jpg

Meniga is Europe’s leading white-label PFM provider. The company helps banks improve their businesses through data-mining, cross-sales, and improved retention.

MobinoLogo.jpg

Mobino enables mobile payments for 5 billion people, from any phone, no credit card required.

The_Moneyer_logo.jpg

The Moneyer is the future of online Personal Finance Management.

Thumbnail image for Money_on_toast_logo.jpg

Money on Toast delivers independent and whole of the market, FCA-regulated financial advice online via its algorithm-powered adviser.

myorder_logo_new.jpg

MyOrder provides a m-commerce mobile app that serves businesses in parking, catering, and entertainment.

Thumbnail image for mywishboard_logo.jpg

myWishBoard is the first crowdfunding platform for personal dreams and wishes.

NF Innova_losres_logo.jpg

NF Innova’s Personal Experience Module, a part of iBanking product suite, enables banks to offer their customers a truly unique and tailored user experience.

Nostrum_logo.jpg

Nostrum Group has built a virtual collection product that automates and optimizes the delinquency management process.

Thumbnail image for nous_net_logo.jpg

Nous.net’s Spark Feed is a real-time financial data service that helps you understand and predict the markets.

payworks_logo.jpg

payworks is the provider of a mobile POS, Software-as-a-Service platform that lets developers quickly build payment functionality into their shopper and merchant apps.

Thumbnail image for Thumbnail image for PhotoPay_logo.jpg

PhotoPay’s technology allows users to extract data from any document, paper or electronic, enabling billpay on mobile devices.

Pixeliris_lores_logo.png

Pixeliris’s CopSonic is the first universal contactless mobile payment system powered by our unique technology based on sonic communication.

kreditaja.jpg

Plutus Software’s KreditAja credit scoring system is designed to better serve the unbanked and underbanked in Asia.

Thumbnail image for SaasMarketsLogo.jpg

SaaS Markets is an enterprise cloud marketplace company whose MarketMaker platform helps FIs deploy their own branded, cloud-based business app store.

Thumbnail image for smartengine_logo.jpg

SmartEngine stands for personalization and target marketing. As pioneers in the field of customer loyalty, Smart Engine is a driver of innovation and a leader in personalized target marketing.

softwear_finance_logo.jpg

SoftWear Finance’s HACU PLATFORM enables banks to provide customers with the best possible user experience on any platform or device.

Thumbnail image for sqli_logo_new.jpg

SQLI’s Augmented Banking is a new take at Online Banking. It is aimed at positioning a bank at the very center of people’s digital lives.

Thumbnail image for TemenosLogo.jpg

Temenos’s Treasury Management Dashboard tablet app has been developed for Microsoft Windows 8 and enables the transformation of treasury operations.

tink_logo_new.jpg

Tink is a free personal finance service that allows you to follow your money, where ever you are.

Thumbnail image for TooTpayLogo.jpg

Tootpay’s solution is a mobile financial solution for payments, banking, telecommunications, and remittance industries.

top_image_systems_logo.jpg

Top Image Systems has leveraged its deep recognition and imaging expertise to develop a powerful suite of image processing applications for mobile devices.

topicus-finan_logo.jpg

Topicus Finan is a software vendor specializing in enterprise-level financial analysis. Its solution enables banks to provide self-service business lending processes for SMEs.

Toshl_lores_logo.jpg

Toshl Finance is a personal finance manager made fun. Find out where your money is going, keep on top of bills and spending, and set up budgets.

TruphoneLogo.jpg

Truphone, the innovative mobile operator, introduces the only global network-based recording solution for the Financial Industry.

Trustev_logo.jpg

Trustev provides a new approach to fraud prevention through a real-time, online identity verification platform, which ensures that merchants know exactly who they are selling to.

YseopLogo.jpg

Yseop Sales Force Productivity Suite and its email writing application (YseMail) support financial advisors through the entire sales cycle.