SoftWear Finance Archives

A Baker’s Dozen of Our Favorite Russian Fintechs

By David Penn Posted on September 23, 2020
Categories: Ak Bars Digital Technologies, C24, JuicyScore, LifePAD, LifePay, List series, myWishBoard, PayReverse, Sberbank, SoftWear Finance, SpeechPro, Tinkoff Bank, Tinkoff Credit Systems, Yandex

News this week that Russia’s Yandex had agreed to acquire the country’s biggest online bank Tinkoff was a reminder of how vibrant fintech is not just in Europe, or even just in Central and Eastern Europe, but in Russia, as well.

As our Senior Research Analyst Julie Muhn noted in her coverage of the news, “This is a pretty big deal, not necessarily because of the size of the transaction, but because of the players involved. Yandex is essentially the Google of Russia– it is a tech giant in the region. And Tinkoff Bank is the world’s largest digital bank in terms of customers, boasting more than 10 million clients.”

With this in mind, we want to send out a shout-out to the many fintech companies based in Russia that have demonstrated their technologies live on the Finovate stage over the years. Here’s a look at our Russia-based alums going back to our first European conference in 2012.

PayReverse – FinovateAsia 2018. Founded in 2017. Headquartered in Moscow. Offers a white label cashback service.

Ak Bars Digital Technologies – FinovateFall 2018. Founded in 2016. Headquartered in Kazan. Offers a payments via face recognition technology, Face2Pay.

Tinkoff – FinovateFall 2018. Founded in 2006. Headquartered in Moscow. Offers a digital ecosystem of financial and lifestyle products and services.

JuicyScore – FinovateMiddleEast 2018. Founded in 2016. Headquartered in Moscow. Offers a digital risk-management-as-a-service solution for the financial industry.

SMART Valley – FinovateEurope 2018. Founded in 2017. Headquartered in Moscow. Offers a distributed innovation platform that enables key players to collaborate effectively.

Speechpro – FinovateSpring 2017. Founded in 1990. Headquartered in St. Petersburg. Offers a voice biometric technology, VoiceKey.FRAUD for use in contact centers. Finovate Best of Show winner. U.S.-based subsidiary of Russia’s STC Group.

Sberbank – FinovateSpring 2016. Founded in 1841. Headquartered in Moscow. Offers banking and financial services as the core bank of an international financial group. One of the largest banks in Russia and Europe.

C24 – FinovateEurope 2015. Founded in 2013. Headquartered in Moscow. Offers a multi-channel platform that enables users to connect and aggregate their accounts with different banks. Became Paysend.

LifePay – FinovateEurope 2015. Founded in 2012. Headquartered in Moscow. Offers payment services as one of the largest mPOS EMV chip and pin companies in Russia.

My Wishboard – FinovateEurope 2014. Founded in 2013. Headquartered in Moscow. Offers a social crowdfunding platform to help users fund their goals along with the help of friends, family, and subscribers.

SoftWear Finance – FinovateEurope 2014. Founded in 2012. Headquartered in St. Petersburg. Offers a platform that enables banks to provide their customers with the best possible user experience regardless of platform or device.

Yandex.Money – FinovateSpring 2013. Founded in 2002. Headquartered in Moscow and St. Petersburg. Offers a fast, reliable way for online businesses to collect payments for Russians and customers in Russian-speaking countries. The solution, since sold to Sberbank, originally was launched by Yandex, the leading IT company and search engine in Europe.

LifePAD – FinovateAsia 2013. Founded in 2012. Headquartered in Moscow. Offers a “personal online bank manager” in a table, providing customer service 24/7.

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SoftWear Finance’s hacu Platform Helps Banks Promote its Products and Create and Better User Experience

By Julie Muhn (@julieschicktanz) Posted on February 11, 2014
Categories: FinovateEurope 2014, SoftWear Finance

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

Then, SoftWear Finance demonstrated how its hacu platform can help banks deliver a better user experience:

“With the hacu platform, a bank can provide customers with the best possible user experience on any platform or device. The sophisticated technology lets a bank promote its products and services with remarkable ease:

Easy integration with Facebook and Foursquare lets banks get to know their clients better and offer banking services and products more effectively. For bank customers, hacu makes online banking a welcome essential in their daily routine.
A PFM system that lets bank customers rapidly analyze expenses and income, while accurately predicting their financial future.
hacu’s high performance is rapidly adapted to a bank’s requirements.
Speed and convenience for covering web, mobile, Smart TV, and ATM channels through a single design.”

Presenting Pavel Malyshev (CEO) and Igor Dubovoy (Director, Development & New Business)

Product Launch: June 2013

Product distribution strategy: Direct to Business (B2B)

HQ: Saint Petersburg, Russia

Founded: April 2012

Website: softwearfinance.com

Twitter: @softwearfinance

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FinovateEurope 2014 Sneak Peek: Part 7

By Julie Muhn (@julieschicktanz) Posted on January 29, 2014
Categories: Cardwise, Encap, FinovateEurope 2014, Innovation Agency, Intuition Intelligence, Kofax, SoftWear Finance, vaamo

Before our team at Finovate packs their bags for FinovateEurope in London, we compiled the final seven glimpses of what presenting companies plan to show on stage at Old Billingsgate Market Hall on February 11-12.

If you missed the first six installments of our Sneak Peek series, you can view them here:

Cardwise’s Xpenditure provides innovative expense management, eliminating your expense notes completely.

Features:

- Integrated approval flow on expense level
- Clear and user-friendly design
- Intelligent scanning of receipts and statements

Why it’s great:
Finally easy expenses management for independents and bigger companies, also available via added value partners.

Wim Derkinderen, Co-founder & COO

Koen Christiaens, Head of product

Encap Security’s Smarter Authentication is the world’s only software-based, banking-grade authentication technology that doesn’t compromise between security and user experience.

Features:

- Non-OTP authentication for both web and native apps
- Device authentication for low-risk transactions, and PIN for high-risk
- Risk metrics: jailbreak detection; keystroke and behaviour analysis

Why it’s great:

To balance security and the user experience authentication must be proportional to activity. This is only possible by using software, data and a smart device.

Thomas Bostrøm-Jørgensen, CEO

Thomas has over 10 years experience in the mobile financial services, identity management and mobile application security sectors.

Adam Dolby is VP Business Development with 10+ years in authentication and security and 10+ years in financial services.
LinkedIn

Innovation Agency’s Innovation Cafe is an Innovation management platform, based on the social-based innovation approach for driving collaborative, measurable innovation within the enterprise.

Features:

- Transparent judging and online rewards process automation
- Widgets and crowdsourcing from external platforms allow integration with Innovation Cafe and pushes feedback from clients into an internal Innovation Cafe instance

Why it’s great:
Innovation Cafe is primarily targeted at financial services organisations, and has been designed for adoption within these ecosystems.

Rory Moore, CEO

Rory assists companies in reframing their businesses through innovation initiatives and has successfully implemented many innovation initiatives with a strong focus on social based innovation.
LinkedIn

Sean O’ Reilly, CTO

Sean has great industry experience in creating software for innovation projects. He is enhancing his skill with a Masters Degree in Artificial Intelligence.LinkedIn

Intuition Intelligence’s end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.

Features:

- Smart Offers markets Bank Products and Merchant Offers at the right moment to customer
- Solve Pains: Volume, Velocity, Variety, Vicinity, Visibility & Value
- Check out the demo here: http://www.intuitionintelligence.com/demo.html

Why it’s great:
By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre & post login.

Arif Ansari

Keynote Speaker for Big Data & Predictive Analytics, Expert in multiple areas of advanced intelligent systems and Multiple Patent holder.
LinkedIn

Yusuf Ansari

Entrepreneur with track record of achieving #1 Market Share, Visionary in building iconic products and Hands on execution and Product management.
LinkedIn

Kofax is enabling customers to use mobile phones to interact with banks to open a new account, apply for mortgages, and deposit cheques with the snap of a photo.

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 onboarding processes by engaging customers via mobile devices.

SoftWear Finance’s hacu platform enables a bank to provide customers with the best possible user experience on any platform or device.

Features:

- Easy integration with Facebook and Foursquare lets banks get to know their clients better.
- hacu’s high performance is rapidly adapted to a bank’s requirements.
- Speed and convenience

Why it’s great:
Sophisticated technology lets a bank promote its products and services with remarkable ease.

Pavel Malyshev, Co-Founder and CEO
LinkedIn

Igor Dubovoy, Co-Founder and Head of Business Development

vaamo is the new way of investing your money: easy, clever, and absolutely safe.

Features:

- Focus on personal financial goals, not financial products
- Save and invest money with just 3 clicks, anytime and everywhere
- Neither investment experience nor financial advice required

Why it’s great:
vaamo fundamentally changes saving and investing by providing intuitive and profitable online investment management that focuses on planning, monitoring, and achieving your personal financial goals.

Oliver Vins, Co-Founder and CPO
After advising banks for more than 8 years at McKinsey, Oliver aims at providing professional and fair investment products to everyone.

Thomas Bloch, Co-Founder and CFO
Following 8+ years in financial institutions investment banking at J.P. Morgan, Thomas is dedicated to provide retail customers with investment solutions similar to those reserved for high net worth individuals.
LinkedIn

If you still don’t have your ticket to FinovateEurope, there’s still time. Get your ticket here and don’t miss out on the hottest innovations in European fintech.

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Innovations at FinovateEurope 2014: Part 2

By David Penn Posted on December 16, 2013
Categories: Luxoft, Matchi, Meniga, Mobino, Money on Toast, MyOrder, myWishBoard, NF Innova, Nostrum Group, Nous.net, payworks, PhotoPay, Pixeliris, Plutus Software, SaaS Markets, Smart Engine, SoftWear Finance, SQLI, Temenos, The Moneyer, Tink, Tootpay, Top Image Systems, Topicus, Toshl, Truephone, Trustev, Yseop

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.

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

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

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

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

The Moneyer is the future of online Personal Finance Management.

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

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

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

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.

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

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

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.

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

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

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

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

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.

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

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.

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

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

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

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

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.

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.

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

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.

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

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