Finovate Alumni News

Around the web

  • Opentech ranked third in the Mastercard’s worldwide Directory of Digital Wallet providers. Come see Opentech’s live demo at FinovateEurope next week.
  • Yoyo named Best Mobile Payment Solution at MPE Awards. Come see Yoyo’s demo at FinovateEurope next week in London.
  • CapitaWorld launches smart loan disintermediation ecosystem for micro, small, and medium (MSM) enterprises.
  • Unison launches 5% down payment program in conjunction with an 80% LTV mortgage.
  • Sberbank adds Google Pay and Samsung Pay services for the customers using its business cards.
  • Railsbank partners with Carta Worldwide.
  • Lendio Franchise Announced in Clemson Region.

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.

Opentech Teams Up with MasterCard, Swiss Bankers to Launch Card Management App


Swiss Bankers Prepaid Services has leveraged OpenPay, the wallet service platform from Opentech, to build a new version of its card management app, MyCard.  The app gives users the ability to fully personalize security settings for their MasterCard Prepaid cards, receive notifications and alerts, and make notes and add photos to transactions. “We are proud of the results we have achieved with this solution,” Swiss Bankers CEO Thomas Beck said. “With the new app, we now have a best-in-class user experience, inline with Swiss Bankers tradition of user-centered design.”

The app is available for free and can be downloaded from the Apple Store and at Google Play. MyCard supports English, Italian, German, and French.


Calling the new release “an important milestone for our OpenPay platform,” Opentech CEO Stefano Andreani praised his company’s partnership with MasterCard and highlighted the functionality of the OpenPay platform. Andreani noted that e-commerce features such as MasterPass and proximity payment via MDES give banks a solution that can be easily customized. All of this, Andreani added, with the “scalability and robustness of a product distributed on a global scale.” The OpenPay platform features a direct interconnection with the MasterCard ecosystem, giving FIs the ability to get personalized, feature-rich wallets quickly to market without excessive burdens on IT.

Founded in 2003 and headquartered in Roma, Italy, Opentech demonstrated its Enhanced Hybrid Apps at FinovateEurope 2013.

Finovate Alumni News


  • “Shoeboxed Partners with ScanSnap Cloud for Receipt Scanning”
  • “Finovate Debuts: Race Data Helps Community Banks Turn Customer Data into Market Intelligence”
  • “Opentech Teams Up with MasterCard, Swiss Bankers to Launch Card Management App”
  • “HelloWallet Launches Savings and Debt Guidance Tool”
  • “Kasasa Reaches One Millionth Account”
  • Check out this week’s FinDEVr APIntelligence

Around the web

  • Fiserv announces its new biometric authentication solution, Verifast: Palm Authentication.
  • Markit to provide fixed income pricing data and liquidity metrics for the European Commission.
  • INETCO to power real-time transaction monitoring for Turkey’s Central Processor for Bank Payment Cards, Bankalararasi Kart Merkezi (BKM).
  • ThinkAdvisor looks at how Blackrock is taking on Schwab and Vanguard with FutureAdvisor.
  • ebankIT expands its headquarters facilities in Porto to grow R&D team.
  • Corezoid moves platform-as-a-service core banking engine to AWS.
  • Blackhawk Network Appoints Sachin Dhawan as CTO and SVP.
  • PCWorld votes Xero as its top-choice accounting software in 2016.

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.


OPENTECH Launches Enhanced Hybrid Apps for Mobile Banking and Payments

This post is a part of our live coverage of FinovateEurope 2013.


Just before lunch, OPENTECH debuted its Enhanced Hybrid apps:
“At Finovate we are launching a revolutionary approach to mobile finance with our suite of Enhanced Hybrid (TM) apps for mobile banking and mobile payment.
Not happy with HTML5 UX, neither with native app complexity? Enhanced Hybrid is the solution:
•  User experience same as native apps
•  Development “server side” instantly available cross platform
•  Minimized testing effort thanks to a common codebase across all supported devices
•  Multiplatform rollout without additional development costs
•  Change management without publishing a new version on the app stores”

Product Launch: February 2013
HQ: Roma, Italy
Founded: May 2003
Metrics: In the last 4 years revenues have grown from €800K to over €4M. Five out of top 10 banks in Italy chose OPENTECH mobile banking product.
Presenting Stefano Andreani (CEO) and Alessandro Borghini (Head of User Experience)