PayKey

PayKey Unveils New Embedded Banking Solution

PayKey Unveils New Embedded Banking Solution
By David Penn Posted on
Categories: PayKey

Tel Aviv-based fintech PayKey, which won Best of Show in its Finovate debut at our London conference in 2019, announced the availability of its new embedded banking solution this week. The offering leverages PayKey’s smartphone keyboard to enable users to manage investments and apply for personal loans directly without having to leave their WhatsApp, Facebook, Instagram, or Twitter app. PayKey’s embedded solution allows users to simply tap on their banks’ logo within the mobile keyboard and get instant access to their investment portfolios – as well as the ability to balance checks, pay bills, and make P2P payments – as seamlessly as a text chat.

“Embedded solutions like PayKey’s keyboard are vital to helping banks engage with customers at the right time and with personalized products,” said company CEO Sheila Kagan. “Investments and personal financing are just the beginning and we’re excited to continue expanding our embedded keyboard solution in the future to help banks support their customers financial health even further.”

The company sees the new functionality as a timely addition given the surge of interest in stock trading, most recently evidenced by the Reddit/Gamestop/Robinhood market frenzy early in the month. The offering also takes advantage of the embedded finance trend of enabling users to access a wider range of functionalities from a singular app or interface. The result is a smoother, more seamless experience, and a way for technology innovators to provide more features that customers want without overly complicating the process to access or use them.

PayKey’s technology has gone live with more than 20 leading banks around the world, including ING and Unicredit. Standard Chartered Bank Korea announced that it was launching the new solution within its SC Mobile Banking app back in August.

Founded in 2014 by Daniel Peled and Offer Markovich, PayKey has raised more than $26 million in funding.

Photo by Sergij from Pexels

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Finovate Alumni News

By David Penn Posted on
Categories: Avaloq, DefenseStorm, eToro, Fiserv, IBM, Jemstep, NICE Systems, PayKey, ThetaRay, TransferWise

On Finovate.com

  • Avaloq Seeks Exit: M&A or IPO?
  • eToro’s Latest Acquisition Boosts its Crypto Presence
  • IBM and Bank of America Partner on Public Cloud for Financial Services

Around the web

  • DefenseStorm names Chief Revenue Officer Steve Soukup as its new President.
  • NICE Actimize introduces its new Federated Learning capability that offers higher fraud detection via Collective Intelligence.
  • Fiserv inks global agreement with German grocery industry leader ALDI.
  • GoCardless to use TransferWise’s API, TransferWise for Business product, and provide TransferWise’s FX rates to its customers.
  • PayKey forms SBI PayKey Asia, a joint venture with SBI Holdings that will support the sales and market launch of PayKey across the region.
  • ThetaRay taps Moran Goldwein as SVP for Human Resources.
  • Infinex to integrate Jemstep’s Advisor Pro to deliver digital advice to Infinex’s client firms.

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.

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FinovateEurope Demo Videos Are Live!

FinovateEurope Demo Videos Are Live!
By David Penn Posted on
Categories: CREALOGIX, Dorsum, FinovateEurope 2019, Glia, iProov, Launchfire, PayKey, Voca.ai, W.UP

Just in time for your weekend viewing, the demo videos from FinovateEurope 2019 are now available for free in our video archives.

Whether you joined us in London at the Tobacco Dock last month, or will be watching the show for the first time, we think you’ll enjoy our high quality videos of each company that took the stage.

As a sampler, here are the demo videos from the eight companies that won Best of Show awards at FinovateEurope this year.

CREALOGIX

Dorsum

Glia (formerly SaleMove)

iProov

Launchfire

PayKey

Voca.ai

W.UP

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FinovateEurope Best of Show Winners Announced

FinovateEurope Best of Show Winners Announced
By David Penn Posted on
Categories: Best of Show, CREALOGIX, Dorsum, Glia, iProov, Launchfire, PayKey, Voca.ai, W.UP

The votes have been tallied and the people have spoken! Here are the winners of our Best of Show awards for FinovateEurope 2019.

CREALOGIX for its TimeWarp insights platform that enables banking customers to simulate various scenarios in their financial lives. Video.

Dorsum for its My Wealth solution for hybrid advisory processes in wealth management. Video.

Glia (formerly SaleMove) for its technology that creates digital-first moments that simplify and transform communications between businesses and their customers.  Video.

iProov for its solutions that assure the genuine presence of your user by leveraging controlled illumination with uniquely powerful anti-spoofing. Video.

Launchfire for its leadership in game-based employee and customer engagement for financial institutions. Video.

PayKey for its technology that bridges the gap between banks and social apps with a unique smartphone keyboard that enables frictionless access to key banking services. Video.

Voca.ai for its intelligent virtual assistant for call centers that enables businesses to reach their customers at scale with a personal, human touch. Video.

W.UP for its technology that transforms the way banks generate digital revenue and interact with clients through AI-powered experiences. Video.

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The eight companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018
FinovateFall 2018
FinovateAsia 2018
FinovateAfrica 2018

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FinovateEurope Sneak Peek: PayKey

FinovateEurope Sneak Peek: PayKey
By David Penn Posted on
Categories: FinovateEurope 2019, FinovateEurope 2019 Sneak Peek, PayKey

A look at the companies demoing live at FinovateEurope on February 12 through 14, 2019 in London, U.K. Register today and save your spot.

PayKey has developed a unique Social Banking solution that enables users to instantly access key banking services from within ANY app – directly from their keyboard.

Features

  • Create a new mobile banking experience, made for the digital age
  • Turn the keyboard into an effective services and communication channel
  • Increase customer engagement

Why it’s great
Engaging millennials requires tapping into social and messaging apps –  where they spend hours. PayKey streamlines banking services into users’ digital life, offering truly contextual banking.

Presenters

Guy Talmi, CMO
Talmi leads PayKey’s strategy, marketing, and product management, with 20+ years of experience in global marketing, sales, and business development in telecom, financial services, and digital.
LinkedIn

May Michelson, Director of Business Development, Europe
Starting as a software developer at Intel, Michelson has a strong technical background and experience in technology integration. She is leading PayKey’s strategy in Europe.
LinkedIn

 

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Finovate Alumni News

By David Penn Posted on
Categories: Cantab PI, CybiWealth, Envestnet, Experian, FI.SPAN, Five Degrees, ITMAGINATION, Moven, PayKey, Symbiont, UNPay, Yodlee

On Finovate.com

  • Finovate Alums Raise More Than $4 Billion in 2018; $802 Million in Q4.

Around the web

  • Symbiont closes $20 million Series B in round led by Nasdaq Ventures.
  • New partnership helps Moven grow in MENA.
  • UNPay founder Zhang Zhenghua named as 2018 Golden Shell Award’s inaugural “Payment Industry Pioneer.”
  • Envestnet|Yodlee acquires Abe AI to drive Yodlee’s latest conversational AI solution.
  • Experian unveils first affordability check for gaming websites.

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.

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