Alumni News– August 28, 2014

  • Finovate-F-Logo.jpgPymnts features PayPal’s OneTouch mobile payments app.
  • American Banker considers how banks are looking closely at how BillGuard uses geolocation to prevent fraud.
  • Taulia launches SupplierPay.org to help corporations support the White House’s SupplierPay initiative.
  • IBM and Monitise expand partnership to combine IBM’s sales and specialist resources with Monitise’s Mobile Money services.
  • Pymnts.com feature on lending shares observations on consumer credit from Lending Club.
  • Forbes column on natural language processing features Narrative Science and Yseop.
  • Wired.co.uk profiles BehavioSec in its Stockholm category of “Europe’s hottest startups” in 2014. See BehavioSec at FinDEVr this fall.
  • CopSonic joins the FIDO Alliance.
  • Markets Media features interview with Avoka CEO Phil Copeland.
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.

Pixeliris’ CopSonic Using Its Sonic Communication Tech to Authenticate Users for P2P Payments

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

Next, Pixeliris demonstrated how its contacless mobile payment technology, CopSonic, works for both P2P payments to authenticate users without a password:
“CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.
Our technology allows peer-to-peer transactions between feature phones an
d smartphones but also enables online passwordless authentication turning the devices into security dongles.
We developed an SDK that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”
Presenting: Emmanuel Ruiz (CEO & Head of Innovation) and Brian Roeten (Senior Project Manager)
Product Launch: September 2013
Metrics: €210,000 in capital, 11 employees in France, 120 engineers around the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Montauban 82000, France
Founded: April 1989
Website: copsonic.com
Twitter: @_Pixeliris

Pixeliris’ Copsonic Enables P2P Transactions

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

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Then, Pixeliris took the stage to demo how its Copsonic can work with P2P Transactions:
“How they describe their product/innovation: CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.
Our technology allows peer-to-peer transactions between feature phones and smartphones but also enables online passwordless authentication turning the devices into security dongles.
We developed an SDK that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”
Presenting Christian Ruiz (Sales Manager) and Emmanuel Ruiz (CEO & Head of Innovation)

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Product Launch: September 2013
Metrics: €210,000 in capital, 11 employees in France, 120 engineers around the world
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com

FinovateEurope 2014 Sneak Peek: Part 4

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FinovateEurope 2014 is officially less than one month away. We will be returning to Old Billingsgate Market Hall in London for our fourth event in Europe and are excited to see and share the variety of fintech innovation our presenters will have on display. Get your ticket here today and see all 66 demos live.

Our Sneak Peek series is designed to help you get to know a little bit about each of our presenters ahead of time. If you’ve missed any of our earlier installments, take a look at FinovateEurope 2014 Sneak Peeks 1-3 below.

And now, meet another six companies who will be demoing next month at FinovateEurope 2014.


IT_Sector_lo_res_logo.jpgIT Sector presents a new approach to sales. Enable your commercial team to plan and close deals while on the road, with less effort, more results, and satisfaction from customers.

Features:

  • Commercial lead generator
  • Portable Sales Office
  • Real-time access to commercial management
Why it’s great:
Close more deals with less effort with our innovative commercial GPS solution that covers the main activities of the sales process. Our software shines with strong usability and compelling value.

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Joao Lima Pinto, IT Sector Board of Directors
Background in financial institutions and multichannel solutions. Masters and PhD from UMIST (UK).


nous_lo_res_logo.jpgNous operates a free, day-trading simulator app which collects real-time predictions blended to generate a financial sentiment feed to help you predict the markets.

Features:

  • A mobile app gathering predictions from thousands of traders worldwide competing for prizes
  • Real-time feeds help you predict markets
  • Feeds use the intuitive and analytical abilities of real people
Why it’s great:
Our Spark Feed crowdsources alpha to help you understand and predict the markets.

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Justin Short, CEO and Founder
Justin has worked in finance for 16 years, building quantitative algorithmic trading systems, strategies and teams.

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Mick Horgan, Co-Founder
Mick has ten years experience building real time decision applications with Pega Systems. Prior to moving into software development. Mick worked as a turbine field engineer mostly in Africa and Taiwan.


Pixeliris_lo_res_logo.jpgPixeliris’ CopSonic enables contactless sonic and ultrasonic communication between smart devices and mobile payment and passwordless authentication available on phones and smartphones.

Features:
  • It turns any phone into a mobile payment device
  • It is truly contactless and entirely secure thanks to One Time Password and strong authentication
  • It replaces standard online passwords
Why it’s great:
With CopSonic, pay anywhere with any phone.

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Brian Roeten, Director of Projects
Brian joined the team in 1999. Today, his experience and skills enable him to manage the company’s innovating international high-tech projects.

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Emmanuel Ruiz, Founder
Since he has founded the company in 1995, Emmanuel Ruiz has initiated all innovations, from our first audio broadcasting systems to the recent sonic and ultrasonic contactless communication technology.



Temenos_lo_res_logo.jpgTemenos Treasury Management Dashboard App enables the transformation of treasury operations with a dynamic dashboard user interface accessible on a tablet device.
Features: 
  • Multiple source of real-time data accessible from single point
  • Rich, intuitive user experience reducing the complexity of multifaceted data
  • Holistic view of banks entire position
Why it’s great:
Visually excited dashboard enabling treasury managers to better understand the data and be far more responsive and effective in making critical business decisions anytime, anywhere.

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Dharmesh Mistry, UXP and Mobile Product Director
Adam Gable, Product Manager, Treasury
(not pictured)


Topicus_Finan_lo_res_logo.jpgTopicus Financial focuses on business lending value chain integration with innovative web-based technology.
Features:
  • The entrepreneur gets the lead of business lending
  • What-If scenarios to asses the financial impact of future plans in real-time
  • Freeing the entrepreneur from all banking complexities
Why it’s great:
Topicus Finan believes that self-service is an important factor in keeping operational and risk costs at an affordable level, while increasing transparency and fit with credit demand.

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Michiel Schipper, CEO

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Jamie Burink, Senior Consultant Innovative Banking


Yseop_lo_res_logo.jpgYseop is natural language generation software based on artificial intelligence that boosts sales productivity and turns each financial advisor into an expert without additional training.
Features:
Yseop automates the sales process from lead generation to the writing of prep-to-meeting reports, customer follow up and personalized marketing communications – automatically.
Why it’s great:
Yseop turns data into text, leads into clients, and salespeople into experts. Double your sales force productivity overnight with the power of artificial intelligence.

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Elizabeth Farabee, VP of Marketing
Has a background in inbound and direct marketing. She is passionate about Yseop’s personalized marketing potential in both the B2C and B2B markets.

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Arden Manning, Director of Communications and UK Business Development
Brings nearly 10 years of experience in public relations, strategy, and product management.

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.

Pixeliris’ CopSonic Uses Sonic Communication to Create a Universal, Contactless Mobile Payment Solution

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

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Then, Pixeliris stepped up to demo its universal mobile payment solution:
CopSonic is the first universal contactless mobile payment system powered by our unique technology. It is based on sonic communication transiting through the devices’ speakers and microphones. Therefore, our technology is compatible with 100% of existing phones and smartphones, unlike NFC technologies. Several patents have been filed with regard to the security of the transaction.
Our technology also allows the use of phones and smartphones for online passwordless authentication. It turns mobile devices into security dongles.
We have developed an SDK with our technology that allows third-party companies to integrate the modules and, therefore, create a business model based on transaction fees or licenses.”

Presenting Emmanuel Ruiz (CEO & Head of Innovation) and Brian Roeten (Senior Product Manager)

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Product Launch: September 2013
Metrics: €210,000 in capital, 11 employees in France & 50 engineers around the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, and licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com

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).

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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.

FinovateAsia 2013 Sneak Peek: Part 2

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Here’s a sneak peek of five more companies who will demo at FinovateAsia next month in Singapore. These companies each gave us a glimpse of what they plan to demo.

If you missed our first sneak peek, check it out here. We’ll post the remaining companies in the next couple of weeks so stay tuned.  

To see all 37 companies demo live at FinovateAsia, get your ticket here.


ArthaYantraLogo.jpgArthaYantra’s Arthos is an online personal finance platform that replaces the traditional human advisor and provides holistic advice instantly.

Features: 
    • Online personal finance platform with instant, actionable advice
    • Replaces the need for a traditional human advisor
    • Create a financial plan, implement recommendations, and monitor performance
Why its great: 
Instant and end-to-end financial planning without visiting a traditional human advisor  

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Nitin B Vyakaranam
Founder and CEO of ArthaYantra with 14 years of BFSI and IT sector experience across countries. Holds multiple patents and is an avid personal finance writer. Earned an MBA from Indian School of Business.
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Sunil Lingareddy
Co-Founder and CFO of ArthaYantra. A serial entrepreneur and mentor with business interests in financial services, pharma, real estate, energy and infrastructure. Earned an MBA from Indian School of Business.

LinkedIn


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Customer XPs is a leading real-time technology solution provider to banks worldwide. It will demonstrate paperless branch banking and intelligent queuing solution.
Features: 
    • Improved teller efficiency and productivity by intelligent queue processing
    • Improved customer experience by reduction in wait time
    • Reduced error rate
Why it’s great: 
It’s solution creates efficient queuing and paperless banking in branches. Quick deployment of the solution can be on mobile devices, tablets and PCs.

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Rivi Varghese
Rivi is the CEO and has around 15 years of experience in the IT product industry. Rivi has international experience across 20+ countries and is credited with delivering at least 12 new-to-the-world products.
LinkedIn 










KofaxLogo.jpgKofax enables customer acquisition directly from the mobile device and, recognizing the importance of consumer engagement, Kofax will demonstrate on-boarding for an impactful customer experience.


Features:
    • Meet and service the customer via the mobile channel
    • Reduce operating costs and minimize drop-off rates
    • Build competitive advantage while increasing growth and profitability
Why it’s great:
Kofax Customer Onboarding improves the agility and profitability of your bank’s customer on-boarding processes by engaging customers via mobile devices.  

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Drew Hyatt
Drew is a domain expert in mobile image capture. He works directly with top-tier FSI companies to develop mobile image capture solutions that integrate with and enhance their mobile strategies.

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Dimitri Seneca Snowden
Dimitri is a visual strategist who leads solution innovation at Kofax. He has more than 13 years of experience in user interface design, user experience design and universal design.







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Mobexo is reshaping the way we think about payment and financial services.
Features:
    • Mobile-specific security technology
    • Merchant portal, low-cost CRM system
    • Payment processing without additional hardware
Why it’s great:
Mobexo connects smartphone users to the physical and digital commodities of their lifestyles, without security and privacy issues and the inconveniences of traditional payment instruments.  

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Sopheap Lao
Founder and CEO of Mobexo, Sopheap has over 16 years as a Senior Accounting and Finance Consultant where he founded Heuristis Business Consulting. Sopheap is also an Open Source Evangelist.





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Jean-Marc Ly 
Jean-Marc is a serial entrepreneur from Silicon Valley and founded several startups that have been incubated in AcceleratorHK and Science Park incu-app. He is a startup advocate and mentor.



pixelirisCopsoniclogo.jpg

Pixeliris’ CopSonic enables contactless sonic and ultrasonic communication between smart devices for mobile payment and passwordless authentication available on phones and smartphones.
Features:
    • It turns any phone into a mobile payment device
    • It is truly contactless and entirely secure thanks to One Time Password and strong authentication
    • It replaces standard online passwords
Why it’s great:
With Copsonic, pay anywhere with any phone.  

PixelirisBrian.jpg

Brian Roeten (pictured)
Brian joined the team in 1999. Today, his experience and skills enable him to manage the company’s innovating international hightech projects.
Emmanuel Ruiz

Since he founded the company in 1995, Emmanuel Ruiz has initiated all innovations, from our first audio broadcasting systems to the recent sonic and ultrasonic contactless communication technology.


Stay tuned on the Finovate blog where we will publish parts 3 and 4 of our Sneak Peek series in the weeks leading up to November 14.

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.

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All numbers and funding information sourced from Crunchbase.com