Finovate Alumni News

On Finovate.com

  • Mobile Fees: BillGuard Goes Freemium with Integrated Credit Monitoring
  • New $175 Million Investment Earns Credit Karma a $3.5 Billion Valuation
  • Lake Trust Credit Union Launches Larky-powered Mobile Rewards App

Around the web

  • The Financial Times looks at progress from robo-advisor services Nutmeg and Money on Toast.
  • FCI Federal Credit Union deploys CruiseNet core processing system from Jack Henry’s Symitar division.
  • UPS Capital, the financial services business division for United Parcel Service, to offer loans to its small business customers via Kabbage.
  • Motif launches new website for improved user experience.
  • Fortune Magazine and Great Place to Work name On Deck Capital 1 of 100 best places to work for millennials.
  • CU Management features Onovative in a discussion on innovations in new member onboarding.

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.

Alumni News– November 3, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMoney on Toast to outsource its administration to Equiniti Wealth Solutions.
  • Mitek announces Restrictive Endorsement feature to reduce risk of duplicate check deposits.
  • Azimo opens up money transfer service to Kenya’s M-Pesa.
  • Better ATM Services signs agreement with ATM manufacturer, Genmega.
  • Ixaris teams up with United bank for Africa (UBA) to bring its virtual card platform to 20 markets in Africa.
  • Socure scores $2.5 million to overcome evil with good.
  • Yantra Financial Technologies integrates Ripple Protocol into risk management system.
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.

Money on Toast Debuts Holistic Financial Advice Platform

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

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Then, Money on Toast demonstrated how its Doughbot delivers holistic financial advice:
“Money on Toast delivers independent and whole of the market FCA-regulated financial advice online via an algorithm-powered adviser, Doughbot. Clients can obtain advice on investments, pre and at-retirement planning, protection and inheritance tax. 
How it works: The online system guides the customer through a series of questions, assessing a number of different factors just as a human adviser would. Doughbot then produces a comprehensive electronic suitability report detailing what has been recommended, which is emailed to the client. Clients can then click through and buy these products directly online. All interactions are electronically tracked, providing a complete compliance trail.”
Presenting Charlie Nicholls (Founder & Managing Partner) and Catharine Dodd (Project Manager) 
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Product Launch: May 2012 
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
HQ: London, UK 
Founded: March 2012
Twitter: @Moneyontoast

FinovateEurope 2014 Sneak Peek: Part 2

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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. 


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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.

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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.

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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

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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.

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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.

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Jonathan Atkinson
Pre Sales, Mobile Solutions

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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.

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

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

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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.

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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.

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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.

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

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

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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.

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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.

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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

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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.

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

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

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

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

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The Moneyer is the future of online Personal Finance Management.

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

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

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

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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.

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

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

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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.

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

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

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

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

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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.

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

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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.

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

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

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

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

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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.

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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.

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

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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.

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