Finovate Alumni News– May 29, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgChina Loves Mambu: Microfinance Network Picks Cloud Banking Platform for SME Lending.
  • App Annie Acquires Distimo; raises $17 Million from Current Investors.
  • SumUp launches its own chip and PIN reader, PIN+, in Poland and Switzerland.
  • Credit Sesame launches mortgage rate marketplace.
  • DemystData brings in $5 Million for its Big Data API for financial institutions.
  • NHS Shared Business Services selects Tradeshift platform to enhance supply chain.
  • Actiance announces general availability of Alcatraz, a cloud-based, Context-Aware archive for email, social, and other communications.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

China Loves Mambu: Microfinance Network Picks Cloud Banking Platform for SME Lending

China Loves Mambu: Microfinance Network Picks Cloud Banking Platform for SME Lending

Thumbnail image for MambuLogo.jpg

Global microfinance network Opportunity International (OI) has selected Mambu as its core banking platform for small business lending in China.

According to OI CIO Robert Westcott, the fact that Mambu would help them launch more products and services to more clients faster and more efficiently was a key selling point. OI China is particularly interested in reaching markets in rural areas of the country and, as both cloud-native and mobile-friendly, Mambu’s technology was viewed as the “perfect solution.”

Mambu_homepage_new
Mambu, in the words of company CEO Eugene Danilkis, is a “cloud, SaaS, core banking application” that enables a variety of types of financial organizations to launch and service loan and deposit products. With an emphasis on speed, scalability, and simplicity, Mambu is designed to respond to what Eugene says is the “nearly two-thirds” of SMEs – and micro businesses – that are not well-served by “inflexible” legacy banking systems.
Opportunity International provides SME loans ranging from $20,000 to $1 million USD. The non-profit organization employs more than 17,000, and provides financial services and training to more than 5 million clients in 22 countries.
Mambu currently works with more than 100 institutions in 30 countries around the world, representing more than one million accounts. The company was recently in the headlines with news that the micro finance program at Yale University had adopted its platform. Mambu demoed its technology at FinovateAsia 2013 in Singapore.

Finovate Alumni News– May 13, 2014

  • Finovate-F-Logo.jpgYseop expands to New York http://bit.ly/QEtHWx
  • InComm partners with Softgate Systems to enable consumers to make cash bill payments in-store for 12k billers.
  • TIO Networks partners with PSE&G to enable customer payments at 2,000+ retail locations.
  • TSYS chooses ShopKeep to offer POS technology in the cloud.
  • FIS introduces Early Risk Manager, a turnkey, cloud-based risk and compliance solution for FIs.
  • Back to Banno: ProfitStars rebrands Andiamo mobile payments solution; now called Banno Mobile.
  • Mambu wins core banking contracts with financial organizations in Nigeria, Angola, and Kenya.
  • United Community CU partners with Insuritas to create a virtual “Insurance Aisle” inside the credit union.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– March 28, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMambu wins Cloud Computing Innovation of the Year awards at 2014 FStech Awards.
  • eToro launches new version of OpenBook.
  • Nostrum Group ranked 9th in GP Bullhound’s Northern Tech 50.
  • Global Payments to offer MasterCard’s MasterPass digital payments solution.
  • New partnership means V&D customers will be able to pay via Klarna.
  • Innotribe interviews Kantox’s CEO, Philippe Gelis.
  • The Financial News features BehavioSec.
  • BBVA and Google sponsor developer competition for SME business apps geared toward Spanish, Latin American markets.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Yale Microfinance Program to Deploy Mambu Platform

Thumbnail image for MambuLogo.jpg

You know what kids love these days? Microfinance.

At least that’s true of the kids at Yale University’s student-run micro finance program, the Elmseed Enterprise Fund. The fund supports local entrepreneurs with advice and micro loans. In 2013, the program provided consulting for 38 clients and provided more than $13,000 in loans to five.

The student volunteers at Elmseed also love a good deal when they see one. And when they went looking for a better way to handle their customer data., the solution they found was Mambu.
Mambu_homepage.jpg
Fund CEO Jadon Montero said, “Mambu’s platform will help us manage our client information better, which means our volunteer advisors can spend more time helping clients and less time worrying about the paperwork.”
Elmseed_Fund_homepage.jpg
The Elmseed Enterprise Fund was founded in 2001 with an award of $10,000 from a contest held by the Yale Entrepreneurial Society. As part of the arrangement with Mambu, the Fund will deploy the company’s Software-as-a-Service platform and receive a service credit of $100,000.
CEO and co-founder of Mambu, Eugene Danilkis said, “Programs such as Elmseed Enterprise give the next generation of micro finance professionals the opportunity to develop their skills and give something back to their local community at the same time.”
mambu_homepage_microfinan.jpg
Working with micro finance organizations is nothing new for Mambu. The company recently announced a partnership with Mexican micro-lender Kueski, following up on a September deployment with another micro lender from the area, CrediPeso. Mambu is a member of the SEEP Network, a global network of more than 100 international practitioner organizations focused on alleviating poverty through financial inclusion.
Mambu demoes its native, cloud-based, SaaS banking application at FinovateAsia last November. See the technology at work here.

Finovate Alumni News– March 14, 2014

  • Finovate-F-Logo.jpgArxan Technologies wins in the Products and Services Excellence category of the Infosecurity Global Excellence Awards.
  • OnDeck’s CEO Noah Breslow appears on CNBC Squawk Box.
  • Mitek opens mobile imaging platform to developers.
  • Klarna raises £90 million to finance acquisition of Sofort.
  • Collision features Realty Mogul in its selection of “10 Top Startups with Powerful New Ideas.”
  • OnDeck tops $1 billion in small business loans.
  • CBS News features DynamicsHidden card, interviews CEO Jeff Mullen.
  • Yale microfinance program to deploy Mambu platform.
  • FPPad Bits and Bytes <a features Guide Financial in its latest video review.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– February 6, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFIS announces multi-year business process outsourcing agreement with wealth manager Diversified Trust.
  • Mexican micro-lender Kueski chooses Mambu’s cloud banking platform.
  • Billeo launches social e-commerce solution for Facebook fan pages and Twitter.
  • PayNearMeleverages Family Dollar partnership; raises $20 million.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Mambu Takes a Cloud-First Approach to Running End-to-End Operations for Banks

MambuLogo.jpg

This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Mambu:

“Mambu is a native cloud SaaS banking application. Built entirely for the web with a ‘cloud-first’ approach, our product runs the end-to-end operations that a bank needs, from loan and deposit product creation and servicing, to client relationship management and reporting. It does this entirely online and with a business and delivery model that allows any financial institution of any size to rapidly access state-of-the-art banking technology in the cloud, at a fraction of the cost and time of a traditional core banking solution.”
Presenting David Hamilton (President) and Eugene Danilkis (CEO & Co-Founder)

IMG_3533-1.JPG
IMG_3535-1.JPG
Product Launch: May 2011
Metrics: Since 2011, we’ve raised nearly $3M in venture funding. We have offices in Berlin, Iasi, London, Geneva and will be establishing offices in Manila and San Jose (Costa Rica) in the next 12 months. By the end of 2013, we will have more than 20 employees. We currently work with over 100 financial institutions in 26 countries, helping them service a portfolio of over $100M.
Product distribution strategy: Direct to Business (B2B)
HQ: Berlin, Germany
Founded: December 2011
Website: mambu.com
Twitter: @mambu_com

FinovateAsia 2013 Sneak Peek: Part 4

FALogo.jpg

FinovateAsia 2013 is coming to Singapore in just over one week. And, just in time, here are the final seven companies who will bring their live demos to the stage.

If you missed the previous three installments of our Sneak Peek preview series, check out the links below.

Our final event of 2013 is only a few weeks away. Get your ticket here to be a part of the audience.


BehaviosecLogo2013.jpg
BehavioSec focuses on innovation in behavioral biometrics.
Features
    • Transparent biometrics for mobile and web 
    • Large deployments 
    • Cost effective, low impact security
Why its great:
BehavioSec provides biometric security with no user experience cost  

CostiganImage.jpg

Neil Costigan
Dr Costigan is a cryptography and security expert with over 20 years experience developing security solutions deployed with retail banking in the U.S. and Europe.

GMCLogo.jpg

GMC Software Technology’s Inspire Research Portal (IRP) for investors provides a single platform for users to access and replaces all manual processes to automation.
Features
    • Streamlining the process
    • Reducing human errors while increasing productivity
    • Ability to view research reports from multiple platforms
Why it’s great:
IRP will provide a centralized platform for both researchers and approvers to access and perform their job in an interactive and engaging way.  

GMCPresenter1new.jpg

Matthias Kraaz
Matthias has been in the customer communication space for many years and is currently looking after all the technical operations of GMC in Asia Pacific.  
LinkedIn
GMCPresenter2.jpg
Kelvin Huang
Working as a Presales Manager in GMC for 2 years, Kelvin specializes in web and mobile communication and is equipped with years of experiences in financial industry.
LinkedIn

IntuitionIntelligenceLogo.jpg

Intuition Intelligence’s end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.

Features:
    • Brings a huge volume of offers from Open-coupon Networks
    • Solve Pains: Volume, Velocity, Variety, Vicinity, Visibility & Value
    • Win-win ecosystem for the Bank, Merchants and Customers
Why it’s great: By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre-and post-login.  

Intuitionintelpresenter1.jpg

Arif Ansari
Keynote Speaker for Big Data and predictive analytics, expert in multiple areas of advanced intelligent systems and multiple patent holder.





intuitionintelpresenter2.jpg

Yusuf Ansari
Entrepreneur with track record of achieving #1 market share, visionary in building iconic products and hands-on execution and product management.
LinkedIn


K
lickExLogo.jpg

KlickEx is the world’s most advanced multi-currency payments network – active in 8 countries, SWIFT and UNDP funded – and Asia’s top-ranked Mobile Money platform deployment.
Features:
    • Completed solution to distributed/”crypto”-currency value destruction
    • No need to dis-intermediate Central Banks or regulators
    • Implemented, asset-based store of value – full USD alternative

KlickExPresenter1.jpg

Rob Bell
Rob and his award winning team turned the SWIFT and UNCDP funded, World Bank ranked, Pacific inter-bank payment network, into Asia’s top rated mobile money platform in 3 years. Ex HSBC, Stanford, NZX.
LinkedIn

KlickExPresenter2.jpg

Brett Waterson
Brett is the multi-award winning architect behind many global trading and banking systems, including the NZ Police Database, and all four NZ bank credit card loyalty programs – and of course, KlickEx.
LinkedIn

MambuLogo.jpg

Mambu helps banks, microfinance institutions and financial innovators deliver banking services to individuals and emerging enterprises around the world.
Features:
    • Makes state-of-the-art banking technology accessible to all
    • Eliminates the costs and complexities of traditional core banking
    • Helps financial organisations get new products to market, fast
Why it’s great:
Mambu’s cloud-first Software-as-a-Service solution enables financial organizations of all sizes to rapidly deliver state-of-the-art banking services  

MambuPresenter1.jpg

David Hamilton, president of Mambu

MambuPresenter2.jpg

Eugene Danilkis, CEO and co-founder of Mambu
LinkedIn

PayoneerLogo.jpg

Payoneer simplifies global commerce by providing companies and businesses of all sizes with an innovative, convenient and cost effective solution to send and receive funds worldwide.
Features:
    • Global corporates can transfer funds to over 200 countries and more than 50 currencies 
    • Funds can be received on prepaid cards, local bank accounts, or even local e-wallets 
Why it’s great:
In a borderless world, Payoneer helps SMBs and professionals get paid with minimal friction and the convenience of choosing their preferred financial instrument.

payoneer1.jpg

Oded Zehavi
As CRO, Zehavi is responsible for Payoneer’s sales, marketing and product activities. Prior to joining Payoneer, he served as business development director for PayPal.

TSYSLogoHiRes.jpgTSYSAuthorization Controls allows the a user to set one’s own default account parameters and authorization rules.
Features:
    • Spatiotemporal locks allow user to geo-fence their location
    • Authorization Rules allow you to define spend limits for defined cycles
    • Authorization actions the user to Alert, Decline or Pre-authorize
Why it’s great:
TSYS Authorization Controls reduce risk to the card issuer, merchant and consumer by monitoring transactions in real-time and enforcing responsible spending at the POS.  

TSYSPresenter1.jpg

Paul Bridgewater
As Group Executive of Global Product, Paul is responsible for product strategy, product delivery, product marketing and TSYS Innovation across the company. 
LinkedIn

TSYSPresenter2.jpg

Chris Colson
As the director of innovation for TSYS, Chris is an 18-year veteran of the payments and financial services industry, having previously served as vice president, product management, of Equifax.  

For more information about how to join us in Singapore, visit our FinovateAsia 2013 page here.

FinovateAsia 2013 Demo Companies Bring Global Innovation to Singapore

FinovateAsia is typically our most globally diverse show, and this year is no different. Two weeks from now, we will showcase 37 demos from companies spanning the globe that are innovating in everything from remittance to small business tools to back office solutions and much more. 

Given that diversity, we thought it would be fun put together a map showing the geographic spread of the demoing companies that will take the stage (click the map to enlarge).

finovate_asia13map_PRESSUPDATED.jpg

Here’s the breakdown of the number of companies from each region:

  • Asia: 12
  • Europe: 11
  • North America: 9
  • Africa: 1
  • Oceania: 2
  • Middle East: 2

To refresh your memory, the list of the companies that we’ve hand-picked to show off their new technology at the Max Atria @ Singapore Expo on November 14, include:

  • Advanced Merchant Payments
  • App Annie
  • Arkalogic
  • ArthaYantra
  • Backbase
  • BehavioSec
  • BlueKite
  • BRIDGEi2i
  • CustomerXPs Software
  • DragonWealth
  • GMC Software Technologies
  • i-exceed
  • IND Group
  • Intuition Intelligence
  • KlickEx
  • Kofax
  • LifePAD
  • Luminous
  • Mambu
  • Matchi
  • Mistral Mobile
  • Mobexo
  • Mobino
  • Pangea
  • Payoneer
  • Pixeliris
  • Red Zebra
  • SaaS Markets
  • Serverside
  • Smart Engine
  • TIBCO
  • Tootpay
  • TradeNet
  • TSYS
  • White Label Personal Clouds
  • Yodlee

To see live demos of the new technology, meet the entrepreneurs responsible, and network with others in the industry, get your ticket to FinovateAsia here. If you have questions about the show, check out who is attending or email asia@finovate.com.

Showing Our Age: A Look at FinovateAsia 2013 Demo Company Launch Timeline

At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012
  • BlueKite: 2013
    Total Funding: $1.5 million Seed funding
2011-2008
  • KlickEx: 2011
    Total Funding: $1.3 million
  • Mambu: 2011
    Total Funding: $2 million Series A

2007 or earlier
  • Yodlee: 1999
    Total Funding: $124 million
  • BehavioSec: 1998
    Total Funding: $2 million (€1.5 million)
  • Kofax: 1985
    Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.

_______________________________________________________________

All numbers and funding information sourced from Crunchbase.com

What to Expect at FinovateAsia this November

FAButtonBanner.jpg

You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.


AdMerchPaymntsLogo.jpg




Advanced Merchant Payments’ innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses
ArthaYantraLogo.jpg



ArthaYantra provides personal financial advice online to everyone irrespective of what they earn
BackbaseLogo.jpg



Backbase brings social media to the bank, and the bank to social media
behavioseclogo2013.jpg





BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication

BellaDatiLogo2013.jpg










BellaDati is the agile business data analysis with human touch
BlueKiteLogo.jpg





BlueKite’s international bill payment service improves an immigrants’ ability to care for family back home
surveyi2iLogo.jpg




BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA
CustomerxpsLogo.jpg



CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally
GMCLogo.jpg





GMC Software Technology is a leading software developer of solutions that transform the customer experience
iexceedLogo.jpg






i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems
INDGroupLogo.jpg







IND Group is a leading innovator and developer of digital banking, PFM and payments technology
IntuitionIntelligenceLogo.jpg






Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels
KlickExLogo.jpg



KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well
KofaxLogo.jpg




Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction
LuminousLogo.jpg





Luminous is a boutique innovation company that has become synonymous with innovative banking around the world
MambuLogo.jpg



Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution
MatchiLogo.jpg





Matchi is a matchmaker for innovation
mistral_250x94.jpg






Mistral Mobile powers your mobile financial services to serve anyone
MobexoLogo.jpg








Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones
MobinoLogo.jpg






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




Pangea Payments’ multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world
RedZebraLogo.jpg



Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns


SaasMarketsLogo.jpg





SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers
Serverside13Logo.jpg





Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results

SinoLendingLogo.jpg





SinoLending is the leading online lending platform in China
SmartEngineLogo.jpg




Smart Engine’s Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users
TibcoLogo2.jpg




TIBCO Software creates real-time, event-enabled solutions for the 21st Century
TooTpayLogo.jpg









Tootpay’s mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone
TradenetLogosmall.jpg




TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month
TSYSLogo.jpg





TSYS focuses on people-centered payments
WLPCloudLogo.jpg





White Label Personal Clouds’ Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations

YodleeLogo2012.jpg



Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data
To learn more about FinovateAsia, visit the event page, check out the FAQ, or email asia@finovate.com.