Pockets United Archives

Where Are They Now? FinovateEurope 2013 Best of Show Winners

By Julie Muhn (@julieschicktanz) Posted on January 14, 2014
Categories: Best of Show, Credit Agricole, Efigence, ETRONIKA, FinovateEurope 2013, FinovateEurope 2014, mBank, Meniga, Moven, Oink, Pockets United, SumUp, Virtual Piggy

As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.

Here are last year’s winners, in alphabetical order:

Crédit Agricole

Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
Demo video

What they’ve been up to:

Celebrated the second year of its social media bank and attracted 3k banking customers.
Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.

ETRONIKA

Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries.

What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
Demo video

What they’ve been up to:

Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
Released a mobile banking app for Medicinos Bankas.
One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.

mBank with Efigence

Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

Demo video

What they’ve been up to:

mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
mBank announced a new transactional service, new logo, premium offer for affluent customers.
Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title

Meniga

Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.

What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

Demo video

What they’ve been up to:

Promsvyazbank in Russia launched Meniga-powered PFM-Service
Raised $6.5 Million (€5 Million) to further develop PFM and online banking
BRE Bank launched its “new mBank”based on Meniga´s PFM solution

Moven

Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.

What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers ma
nage and improve their financial health

Demo video

What they’ve been up to:

Launched their Android app
Updated the iOS app
Received $2 million investment from Life.SREDA
Expanded the beta sign ups for the bank
Debuted Money Pulse to help users manage day-to-day finances

Oink (formerly VirtualPiggy)

Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.

What they demoed: An e-commerce solution that enables kids to manage and spend money within a parent-controlled environment

Demo video

What they’ve been up to:

Rebranded as Oink
Launched new iOS mobile app
Contracted with Marvelous USA to provide its payment system on their site
Expanded to a quarter of a million users
Signed its first UK partners, Toy Galaxy and Toadstool
Won The National Parenting Center’s 2013 Seal of Approval under the Websites category.
Partnered with epay
Received Excellence in Best Practices Award from Frost & Sullivan

Pockets United

Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another

Demo video

What they’ve been up to:

Launched Android app
Presented their solution to the Bavarian Ministry of Economics

SumUp

Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

What they demoed: Their mobile point of sale system

Demo video

What they’ve been up to:

Expanded to Latin America with launch of m-payments service in Brazil
Cut its transaction fee across Europe
Received investment from BBVA Ventures to aid in expansion to South America
Launched plug-and-play POS technology
Received multi-million Euro investment from Amex and Groupon
Launched in Russia and partnered with Svyaznoy Group
Partnered with Revel Systems to facilitate card payments
Began supporting AmEx in some European markets

To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

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Finovate Alumni News– February 26, 2013

By David Penn Posted on February 26, 2013
Categories: Banno, Bazaarvoice, Expensify, Liqpay.com, Monitise, Pockets United, ProfitStars, Simple, Temenos, ThreatMetrix, TradeKing, TSYS

TSYS reaches long-term deal with MLS Direct Network.

Ad Age takes a look at Bazaarvoice’s Media Labs project.

ProfitStars launches Gladiator Managed IT Services.

Expensify now available for BlackBerry 10 and the BlackBerry PlayBook.

Bank Innovation reports: New Banno President Charles E. Potts says Grip Will Triple User Base in 2013.

MyBankTracker lists Expensify as 1 of 3 finance apps that is way better than Mint.

ThreatMetrix introduces Behavioral Analysis in the ThreatMetrix Cybercrime Defender Platform.

The Verge interviews Josh Reich, Simple CEO.

Monitise triples value of payments and transfers over its technology platform from $10bn to $31bn.

Segodnya.ua features Liqpay in its review of the advantages and disadvantages of electronic money.

Coast Capital Savings Credit Union in Canada to deploy Temenos T24 core banking app.

Pockets United among the startups presenting at TechCrunch Mobile Barcelona this week.

Xconomy’s “Innovations in Financial Technology” features TradeKing.

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 2013 Best of Show Winners

By Jim Bruene Posted on February 13, 2013
Categories: Best of Show, Credit Agricole, ETRONIKA, FinovateEurope 2013, mBank & Efigence, Meniga, Moven, Movenbank, Pockets United, SumUp, Virtual Piggy

Our third FinovateEurope wrapped up a few hours ago. At the end of each of the two jam-packed days, the London audience voted for their favorite three demos. The top eight overall were named Best of Show (see notes).

The winners (in alphabetic order):

Credit-Agricole for its app store where it is wooing outside developers
ETRONIKA for its BANKTRON e-channel management platform
mBank with Efigence for their Facebook & social platform
Meniga for its PFM platform, including “buy” vs “not buy” feature
Moven (Movenbank) for the worldwide launch of its mobile-optimized bank
Pockets United for its group purchasing mobile solution
SumUp for its mobile point-of-sale system
Virtual Piggy for its kids’ payment system with parental controls

We’ll have videos of all 64 demos posted at Finovate.com within a few weeks.

Congratulations to the presenters for our first Finovate with zero demo fails (sure their where a few glitches here and there). And thanks to everyone who attended, tweeted, networked, blogged, and set up an enormous number of post-show meetings. You are pushing fintech forward, and consumers everywhere will benefit.

———-

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.

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Pockets United App Brings the Social to Mobile

By David Penn Posted on February 12, 2013
Categories: FinovateEurope 2013, Pockets United

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

Following rplan to the stage is Pockets United:

“Social is the next big thing in mobile payments, yet you cannot downgrade it to a simple, on-top feature for existing PSPs nor banks. A category killer in this field must be social by design.

This means cutting-edge user experience and fund to use in day-to-day scenarios. This space is hot. Carriers see their business threatened by all-encompassing data flats, while traditional banks and credit card companies see payment shifting to mobile devices, whose users are owned by carriers.

Pockets United sits right in the center of this clashing zone, offering a helping hand to both sides.”

Product Launched: Spring 2013

HQ Location: Munich, Germany

Company Founded: May 2011

Metrics: $160,000 raised to date; winner of several awards (e.g. 50 Hottest Companies of 2011, Vienna & IKT First Prize Internet of Services, Berlin)

Website: pocketsunited.com/en

Twitter: @pocketsunited

Presenting Markus Stiefel (CEO) and Matthias Schicker (CXO)

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FinovateEurope 2013 Sneak Peek: Part 2

By David Penn Posted on January 22, 2013
Categories: Backbase, Biletu, Birdback, FinovateEurope 2013, Heckyl Technologies, Holvi, Kalypton, mBank & Efigence, Metaforic, Pockets United, rplan, SumUp

Here’s part 2 of the sneak peek of the companies that will demo at FinovateEurope on February 12 and 13 in London.

Each company provided a short summary of the innovation they will debut on stage. We published 27 last week and we will complete the preview next week.

Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateEurope ticket here.

______________________________________________

Backbase

Digital Marketing professionals can use Backbase purely for digital marketing purposes: e.g. collecting user behavior and running campaigns in specific sections of existing websites and platforms, then assigning certain areas where Backbase collects data and shows campaigns.

With Backbase you can now start small. Just embed in your existing site and expand from there, creating a full cross-device user experience platform.

Innovation type: Marketing, mobile, online

Heckyl Technologies

Heckyl FIND (Financial In News & Data) is real time news and data analytics platform for retail traders and brokerages.

FIND is integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment and market data to help traders find trading opportunities in this fast moving market.

FIND helps you explore new ideas and keep pulse on current business events/issues. Whether you are a short term trader, investor, or fund manager – whether you prefer equities, futures and options, forex or commodities – you will find a wealth of information that matters to you streaming at your fingertips.

Innovation type: Investing & asset management, online

Holvi

Holvi is the long tail of retail banking. It changes the whole concept of the bank account from a passive utility to an active enabler of any activity. Out-of-the-box Holvi comes with built-in payment acceptance, tools for financial understanding and the ability to share it with a group. We bring in building blocks from our banking and payments partners that our customers can add to their Holvi accounts.

Holvi is used by small businesses, non-profit organisations, projects and individuals. Holvi is regulated by the FIN-FSA and is located in Finland. Holvi is launching Europe-wide in 2013.

Innovation type: Online, payments small business

Kalypton

Point solutions for payments? Why limit yourself? Proven at scale in Africa, Tereon is a complete payments ecosystem and toolkit designed to support rapid innovation.

With Tereon, you can implement any number of innovative products and payment services, be they point solutions or new networks. You can support any business logic, and you can use existing core systems and settlement processes to provide secure, inter-operable, account-to-account, payments that meet stringent regulatory standards.

We will demonstrate a four-party deployment that supports payments from phone to phone, phone to card terminal, card to terminal and on-line in multiple currencies.

Innovation type: Banking

Metaforic

Metaforic has a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.

For financial institutions that have a lot of mobile developments underway, Metaforic technology can be integrated with existing developments at the end of the software development lifecycle. This technology is an automatic process not requiring significant developer time or security expertise.

Innovation type: Security

Pockets United

Pockets United occupies a hot space: carriers see their business threatened by all-encompasing data flats, while traditional banks and credit card companies see payment shifting to mobile devices – whose users are owned by the carriers, ultimately leaving both seeking for differentiators.

BAM! ‘Social’ is the next big thing in mobile payments, yet it is not easy to implement for existing PSPs or banks. A category killer in this field must be social by design.

Think of us as Paypal, just with a lot more pal – and get excited about a cutting-edge user experience that is fun to use day after day! Because, after all, dividing expenses should lower the burden for all, not cause additional effort for some.

Innovation type: Mobile, payments, PFM

rplan

Investing can be time-consuming. rplan has created a simple, easy-to-use tool to create your own personal investment portfolio from over 2,400 available investments to find the ones best suited to you.

rplan is for customers who want choice, but who don’t want to become finance specialists just to manage their investments – because there are better things to do in life than researching mutual funds.

Innovation
type: Investing & asset management, online, PFM

SumUp

SumUp’s vision is to change commerce on a global scale starting with a real and existing payments problem.

Today, millions of small businesses are missing out on customers because they cannot accept card payments due to high fees and long contract durations. SumUp offers the easiest way for small businesses to accept card payments.

Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.

SumUp will demo a new cashless point-of-sale solution that will radically simplify the way people pay in every day life.

Innovation type: Cards, mobile, payments, rewards

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