Finovate Alumni News

On Finovate

  • Twisto Raises $15 Million in Series B Funding
  • Finovate Global: Mexican Fintech Minu Makes History; India’s Namaste Credit Becomes a Neobank.

Around the web

  • Five Degrees adds OneSpan as a new partner in its Open Banking Marketplace.
  • Axiata Group Berhad and Telenor Group end merger discussions.
  • Klarna expands existing partnership with online fashion retailer boohoo group and its four brands.
  • Xero adds BP as latest partner for its Xero Connect e-invoicing solution.
  • Authority Magazine interviews Talbott Roche, CEO and president of Blackhawk Network.

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.

Finovate Alumni News

On Finovate.com

  • Kazakh Eurasian Bank Upgrades Cash Tech with Fiserv.
  • Token.io Teams Up with Omnio Group to Boost Open Banking.
  • Financeit to Power Mobile POS Financing for ServiceTitan.
  • Expensify Integrates with Southeast Asia Ridesharing Company Grab.

Around the web

  • The Five Minute Founder podcast interviews Jake Tyler, Finn AI CEO.
  • STRANDS and adorsys expand their partnership for digital transformation for global financial services.
  • Signifyd to power fraud protection for Solupay’s NetSuite SuitePayments.
  • Kony ships Kony Quantum for Microsoft Azure and Kony DBX digital banking suite on Kony Quantum for Azure.
  • Connect Financial Software Solutions partners with CuneXus to offer the CuneXus perpetual loan automation platform to its credit union clients.
  • Georg von Brevern joins Ixaris as Chief Legal and Compliance Officer.
  • Telenor to acquire majority stake in the Finnish telecom operator DNA.
  • Crypterium launches Crypterium SX, an AI-based system that ensures all transactions get the best exchange rates available.
  • Omnio Group and Token.io partner to deliver open banking and PSD2 compliance to Omnio’s financial institution customers.
  • Raiffeisen Bank International partners with Feedzai to bring advanced ML to European banking to fight fraud.
  • Jack Henry’s ProfitStars unveils Gladiator Total Protect, a suite of managed IT, network security, and compliance services to enhance banks’ cybersecurity and compliance management.

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.

Finovate Alumni News

On Finovate.com

  • Payworks to Fuel New Point of Sale Tool for Bambora.
  • Roostify Enhances Customization with New Adapt Tool
  • Check out today’s FinovateFall Sneak Peeks:

Around the web

  • Seasons FCU selects online and mobile banking technology from Bankjoy.
  • Customer experience specialist Truphone partners with Verifone.
  • AlphaPoint taps Sri Manda as its new Chief Information Security Officer.
  • RegTech Supplier Performance Report ranks Trulioo’s GlobalGateway as top ID verification tool for third consecutive year.
  • Telenor pioneers Norwegian Open AI Lab.
  • WSJ features LendUp’s focus on subprime lending.
  • Diebold Nixdorf hires advisers to seek a sale.

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.

Finovate Alumni News

On Finovate.com

Around the web

  • D3 Banking unveils its new mobile app.
  • American Banker takes a look at itBit and its plan to become a trust company in New York State. See itBit at FinovateSpring 2015.
  • PYMNTS.com’s roundup of the “Mobile Wallet Wars” features LoopPay.
  • Everett Blog previews version 3.0 of Encap’s smart authentication solution.
  • Financial-SpreadBetting.com interviews Sarah Brylewski, managing director at Ayondo.
  • BioCatch and Mistral Mobile win spots on Red Herring 2015 Top 100 Europe. See Mistral Mobile at FinovateSpring 2015 in San Jose.
  • TradeHero releases version 3.1.0 of its Android app.
  • DRAFT featured at LaunchingNext. See DRAFT’s Finovate debut at FinovateSpring in San Jose next month.
  • NICE Systems partners with Capgemini to deliver a new Robotics Automation Hub.
  • Washington Business Journal interviews Blake Hall, CEO of ID.me.
  • peerTransfer to provide its international tuition payments service at another 56 educational institutions.
  • TechCrunch’s guest column on “industry convergence” in financial services highlights Telenor Banka.

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.

Finovate Debuts: Telenor Banka’s Synergy of Telco and Banking Brings Financial Innovation to Serbia

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Telenor has leveraged its success as a telecommunications company to build the first fully online and mobile-direct bank in Serbia, Telenor Banka. For its Finovate debut, the company teamed up with Asseco SEE to demonstrate its Automated Online Handset Loan powered by ASEB Multichannel Solution.

The solution enables customers to easily apply for a loan to purchase a new mobile device. Using a combination of banking and telecommunications transaction data, offers are customized, relevant, and likelier to be used.

Telenor Banka facts:

  • Opened in September 2014
  • Has 130 employees
  • Part of the Telenor Group with 186 million mobile subscriptions in 13 markets

The story

The “Tele” in Telenor stands for Telco, which is a large part of what Telenor Banka brings to the table. The bank was founded in 1996 as ALCO bank, but changed its name and ownership to Telenor Banka in 2014, when it became a member of Telenor Group. The goal was to provide the citizens of Serbia with modern and innovative mobile and online financial services through Telenor Banka.

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At left: Martin Navratil, chairman of the executive committee for Telenor banka, presented at FinovateEurope 2015.

The presented innovation platform enables Telenor Banka’s customers in Serbia to get customized offers by two industries in one place— telecommunications and banking. The demo version of the solution is an example of a fully automated and personalized online offer of purchase loans for smart devices, personalized to the customers’ needs in real time.

While the company anticipates adding other service providers to this centralized dashboard, the current technology already offers customers conveniences such as a bill pay solution called “Bills on Click”; P2P payments to a phone number or email; and, launched in Dec 2014, the interest-free loans for purchasing smart devices from Telenor.

And in partnering with Asseco SEE, Telenor Banka has extended this service a step further with its Automated Handset Online Loan. The access to banking and telecommunications data alerts the platform that a bank customer may be in the market for a new smartphone. Moreover, the platform can extend a loan to the bank customer that not only offers rates and terms that are compatible with the customer’s financial situation, but also personalized telecommunications services and products that would make the most sense given the customer’s history.

Moving back and forth between the Telco and the banking functions of the platform is seamless for both the customer on the front end and the bank on the back end. Credit scoring, AML and KYC all take place on the platform, and relevant agreements and contracts from both the telecom and the bank are generated immediately for the consumer.

The future

Telenor Banka followed up its Finovate debut with a major milestone: the company celebrated its 50,000th account opened, making Telenor Banka one of the fastest-growing banks in the CEE region. According to Martin Navratil, chairman of the executive board and managing director, Telenor Banka is “focused on providing easy-to-use financial services and shifting from traditional banking to innovative, customer-oriented mobile solutions.” The technology demonstrated in February is scheduled to be available in the second half of 2015.

Telenorbanka_FEU15_stage2

Seven months after its launch, the company has enjoyed growth of more than 50% a month, and sees its future very much focused on continuing to serve the Serbian market. “We will probably see examples of other services expanding to a smartphone user-interface as well,” Navratil said. “The more players joining the arena, the faster the market will develop and move forward.”

Read our Finovate Debut feature of Telenor Banka’s FinovateEurope 2015 partner, Asseco SEE.


See Telenor banka’s live demonstration from FinovateEurope 2015.

Finovate Alumni News

On Finovate.com

  • Multi-Factor Authentication Specialist Toopher Acquired by Salesforce

Around the web:

  • Moven updates iOS and Android apps for easier views of balance and spending.
  • Concur surpasses 30-million-user milestone.
  • Multi-factor authentication now available for Venmo users on both iOS and Android.
  • Mobile World Live interviews VP of Telenor Financial Services and CEO of Valyou, Viktoria Erngard.
  • FT.com Business & Economy feature on P2P foreign exchange highlights TransferWise, CurrencyFair, Currency Cloud, and Kantox.
  • Misys wins honors in three categories at FStech Awards 2015.
  • HedgeCoVest adds 14 new models to its platform.
  • Business Insider Australia features Xero.
  • Yodlee announces 100% revenue growth in Australia and New Zealand.
  • Check Point to acquire Lacoon Mobile Security for a reported $100 million.

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.

Telenor banka Powered by Asseco SEE Presents its Automated Online Handset Loan

Telenor_Asseco_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Finishing up the first session of the day is Telenor banka, which has teamed up with Asseco South Eastern Europe (SEE) to offer their Automated Online Handset Loan.
Telenor banka is the first fully mobile online bank in the SEE region, showcasing a mobile-device loan-offering based on Telco and banking’s big-data analytics. The right offer, at the right time, at the right place: for each customer, it is hassle-free and only a couple of clicks away. The automated process is achieved with the help of Asseco SEE’s ASEBA Multi-channel Hub.
Presenters: Telenor banka’s Chairman, Executive Committee, Martin Navratil; Piotr Jelenski, group president of the management board, Asseco SEE; and Telenor banka’s Marketing Director Mario Carevic
 
Telenorbanka)AssecoSEE_7823.JPG
Product launch: Q3/Q4 2015
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Telenor banka is based in Belgrade, Serbia; Asseco SEE, Warsaw, Poland
Metrics: Telenor banka has 130 employees, is part of Telenor Group with 179 million users, is present in 13 markets. Asseco SEE has 1,400 employees, is present in 13 countries and is listed on WSE.
Twitter: @Telenorbanka and @Asseco_See

FinovateEurope 2015 Sneak Peek: Part 5

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The 70+ presenters that will showcase their new tech on stage at FinovateEurope in two weeks are now unveiled. To take a closer look at the presenting companies, we’re continuing our Sneak Peek series. Today, we’re featuring Financial Media Solutions, Fiserv, Intelligent Environments, mBank & i3D, Pirean, and Telenor banka & Asseco SEE.

FEUAuditorumCropped.jpgDon’t miss our other Sneak Peeks, available here:



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Financial Media Solutions’ MAPPS simplifies Videographics, making it possible to create financial content in digestible bite size video formats for broadcast to any device, including smartphones.

Features

    • Makes Videographics easy
    • Empowers institutional users to convey financial concepts in concise video formats
    • Rapidly broadcasts dynamic content to any client device, including smartphones

Why it’s great
Communicating client content by video is the future. MAPPS resolves the challenge of how institutions better engage clients in financial concepts, even via their smartphone.

Presenters

Ian Park, Owner Director & CEO
LinkedIn   

Christopher Thomas, Marketing Director
LinkedIn  



FiservLogo.jpg

Fiserv is one of FORTUNE magazine’s World’s Most Admired Companies and will demonstrate next generation digital banking interactions.

Features

    • Focuses on a truly integrated payments user experience
    • Allows customers to manage their spending habits and banking products
    • Visually stimulates consumers using augmented reality technology

Why it’s great
This innovation is geared towards the consumer and will allow greater control and transparency over their spending and banking habits.

Presenters

Jonathan Atkinson, Market Development, Digital Channels and Payments
Atkinson is a Sales Executive in Digital Channels and Payments team at Fiserv, Inc., focused on new clients across EMEA, with previous experience in core banking and CRM.
LinkedIn

David Abbott, Payments Lead, EMEA
Abbot has 25 years’ sales, business development experience in payments & eCommerce joined Fiserv’s payments business to support development activities in the EMEA region.
LinkedIn



IntelligentEnvironmentsLogo.jpg

Intelligent Environments is an innovative provider of mobile and online solutions for financial service organisations.

Features
Hopes to fight against cybercrime

Why it’s great
IntellEnvironmentPresenter.jpgNo firm is an island – we all have a shared interest in responding to the growing threat against cybercrime.

Presenter

Clayton Locke, CTO
Clayton Locke is a keen sailor. He is hoping for calm waters come Finovate!
LinkedIn



mbanki3dLogo.jpg

mBank, financial sector innovator & i3D, world-class provider of high-tech virtual reality solutions, developed an ultra-modern interactive digital bank branch.

Features

    • Digital wall with unlimited touch points and innovative UI/UX
    • Proximity-motion-sensing and face recognition technologies for dynamic content adjustment
    • Integration with sales support systems

Why it’s great
mBankpresenter1.jpgmBank & i3D dare to challenge the traditional notion of physical bank branches with ultra-modern multi-touch screens, motion-sensing and face recognition technologies.

Presenters

Jacek Iljin, Managing Director Sales & Processes, mBank 
LinkedIn

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Marcin Wiśniewski, Sales & Marketing Director, i3D
LinkedIn



PireanLogo.jpg

Pirean enables organisations to provide secure, people-focused access for employees, customers, and partners across on-premise and cloud-based applications.

Features

    • Reduces lead-time to value for application access
    • Provides secure self-service capabilities for users
    • Introduces a single point of control and audit for all access management

Why it’s great
Pirean’s Access: One is an Identity and Access Management solution designed to provide a first class user experience anytime, anywhere.

Presenters

Rob Macgregor, Pirean’s Principal Consultant and Access: One’s Product Manager

Rob Blowers, Pirean’s Development Team Lead



TelenorBankaAssecoLogo.jpg

With Telenor banka & Asseco South Eastern Europe, banking goes mobile – changing customer experience and reshaping banking products & services to fit mobile, brought by Telenor banka in synergy with Telco, powered by Asseco SEE multichannel solutions.

Features

    • Big data processing enabling relevant offer at relevant moment and place
    • Superb customer journey supported by straight-through processing and full automation
    • Utilization of synergy

Why it’s great
IT is a fully automated and personalized online handset loan enabled by Telenor banka and Telenor, powered by Asseco SEE.

TelenorBankaPresenter1.jpg

Presenters

Martin Navratil, Chairman of the Executive Committee at Telenor banka
Managing Director of Telenor banka responsible for the design and implementation of the bank’s strategy, having great experience in Telco and Finance sector.
LinkedIn

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Piotr Jeleński, Group President of the Management Board of Asseco SEE
Executive manager with experience in running and establishing new business in Poland, SEE region and Turkey. Managing international structure with over 1,400 people in 12 countries.

TelenorBankaPresenter3.jpg

Marko Carevic, Marketing Director at Telenor Banka
Started his career in Telenor, initiated Telenor M&A initiative in financial services, currently responsible for entire customer value chain and go-to-market process.
LinkedIn


We’ll feature six more companies later this week. To see them all demo live, get your ticket to FinovateEurope 2015.