Topicus Archives - Page 2 of 2

Alumni News– January 22, 2015

By David Penn Posted on January 22, 2015
Categories: Bendigo and Adelaide Bank, Braintree, Coinbase, CPB Software AG, Digital Retail Apps, GMC Software Technology, Ixaris, JSC Delta Bank, Kreditech, planwise, QCR, Realty Mogul, Silanis Technology, Temenos, Topicus, TradeKing, Trustev

Kreditech secures $200 million credit line from Victory Park Capital.

GMC Software and Silanis Technology partner to integrate eSignLive with Inspire.

Internet Retailer features Trustev CEO Pat Phelan in discussion on consumer fraud.

TradeKing unveils Risk Assist to protect clients against steep market declines.

Braintree completes initial integration with Coinbase; opens up private beta access.

Financial Post business section features Digital Retail Apps in its look at digital payments in 2015.

Realty Mogul adds new Senior VP of Mortgage Operations, Kendra King.

Temenos forges strategic alliance with EFT processor, Elan Financial Services.

Check out our latest FinovateEurope 2015 Sneak Peek, Part 4 featuring Bendigo and Adelaide Bank, CPB Software AG, Ixaris, JSC Delta Bank, QCR, and Topicus Financial.

Planwise launches Connect, leveraging affordability tools to help real estate agents engage potential buyers.

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: Behind the Scenes with Luxoft, Topicus Finan, and Jumio

By Julie Muhn (@julieschicktanz) Posted on March 6, 2014
Categories: FinovateEurope 2014, Jumio, Luxoft, Topicus

Here’s a look at another set of companies who showed off their new technology at FinovateEurope in London last month.

If you missed the previous behind-the-scenes features, you can check them out below:

Luxoft

What they do

With its mobile tablet app, iStockTrack, Luxoft aims to give premium bank clients a single, powerful tool to compare stocks, monitor their wealth, do daily banking activities, keep up with industry news, and more.

Stats

7,000+ employees
19 offices worldwide
130+ clients
300+ successful projects
Public company NYSE: LXFT

The experience
The screenshot below, which captures the user experience on the iPad, illustrates the client view of their net worth in the Banking tab. The top of the screen details the user’s individual accounts, while the graph in the middle shows a visual representation of the user’s net worth over time and projected future net worth.

Near the bottom, the user has access to tools such as a calculator, a video chat connection to their advisor, and an ATM locator. The user can customize these to their individual preferences.

This screenshot shows the user’s Favorites section that breaks down an individual stock (in this case, Google). It includes a comprehensive view of the stock, including data, a written business summary, and the ability to compare it with other stocks.

Also noteworthy is the Analyst Consensus section in the bottom right corner, which advises the user on the option to buy, sell, or hold a stock.

The screenshot below shows stock indices along the top, along with relevant events on the bottom right, and news on the left. Written news releases are located along the left side, and are complemented with videos on the bottom help to further inform the user on their trading decisions.

Luxoft can bring iStockTrack to any banking client within 4-6 weeks.The app can be re-skinned to match the branding preferences of any financial institution.

Luxoft has been around for 14 years and provides a host of other financial solutions.

Check out Luxoft’s live demo from FinovateEurope here.

Topicus Finan

What they do

Among Topicus Finan’s many different solutions is its self-serve small business lending product, which it demoed at FinovateEurope. This product-as-a-service provides entrepreneurs with an easy-to-understand view of their business financials along with tools such as what-if analyses to determine the financial impact of possible decisions.

Simultaneously, the lending institution is given full visibility into the business owner’s financials and decisions, and even informs them when the entrepreneur is seeking additional capital.

Stats

52 full time employees and growing
Turnover in 2013 was €4.1 million

The experience

The below screenshot illustrates the entrepreneur’s view of their small business finances. In this case, after the client logs on via their tablet’s web browser, they see an advisory graph that shows the assessment rating that the business receives on 6 different pillars: Capital, Liquidity, Return on capital, Revenues development, Payment behavior, and Payment credit charges.

The entrepreneur can also view graphs of their solvency rate, gross profit margin, and net cash. Additionally, they have the ability to see how each of these metrics will change with different scenarios such as purchasing equipment or adjusting labor.

The financial institution is given a full view of the small business’ finances. In this case, the business owner tested a what-if scenario about financing a new piece of machinery, and realized he did not have the cash flow to make it happen.

Afterwards, the loan officer was alerted that the client needed additional capital to purchase the new piece of machinery. At this point, the loan officer can easily view the actual business metrics to help make the decision about how much capital to offer.

Topicus Finan counts ING as one of its largest customers. The Dutch bank uses Topicus Finan’s software worldwide.

Check out Topicus Finan’s live demo video from FinovateEurope here.

Jumio

What they do

Jumio’s Fastfill speeds up a bank’s customer acquisition process by extracting data on a customer’s ID document. After scanning an ID such as a passport or driver’s license just once, the new client no longer needs to bother with filling out multiple fields on a form.

Stats

Raised $37 million, $25 of which was from Andreessen Horowitz
PCI 1 Certified

The experience

To open an account, the user is faced with the following 12-field form. In order to expedite the process and decrease friction, the user is presented with the option to scan their ID.

The user scans their ID document, just as they would a check during a remote deposit capture process. Acceptable documentation includes a drivers license, passport, or government-issued ID.

The screenshot below shows what the form looks like after it has extracted the information from the ID.

Jumio also offers two other products that use its imaging technology, Netswipe, which allows consumers to pay by taking a picture of their credit card, and Netverify, which uses facial comparison to determine if users are who they say they are.

Check out Jumio’s live demo from FinovateEurope here.

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Topicus Finan Presents its Self Service Business Lending Solution

By David Penn Posted on February 12, 2014
Categories: FinovateEurope 2014, Topicus

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

The team from Topicus Finan is on stage right now, ready to demo Finan Financials.

“Self service for business lending as a service extension to face-to-face advice is something that modern clients expect from a bank. We are demonstrating the impact of self-service. The entrepreneur has the option of working with what-if scenarios to assess the financial impact of his investment in real time. A key aspect is that the entrepreneur is not aware of typical banking complexities. Instead, communication is centered on concepts he understands, like the cost of a new machine and turnover growth.”

Presenting Michiel Schipper (CEO) and Jamie Burink (Senior Consultant Innovative Banking)

Product Launch: Finan Financials has been available since Q3 2012 and in use by banks and hundreds of accountants. The release of the software, announced in Q4 2013, includes a new portal for entrepreneurs with dash boarding and powerful, yet fun to use what-if scenarios.

Metrics: Estimated turnover in 2013 of Topicus Finan is €4.1 million with an average of 42 full-time employees, 52 current full time employees at the end of 2013. Estimated turnover of the entire Topicus group is €40 million with an average of 380 full time employees, 420 full time employees at Topicus in 2014. Topicus is wholly owned and financed by its founders and current board members.

Product Distribution Strategy: Direct to Business (B2B)

HQ: Zwolle, Netherlands

Founded: December 1993

Website: topicusfinan.com

Twitter: @TopicusFinan

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FinovateEurope 2014 Sneak Peek: Part 4

By David Penn Posted on January 20, 2014
Categories: FinovateEurope 2014, ITSector, Nous.net, Pixeliris, Temenos, Topicus, Yseop

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 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.

Joao Lima Pinto, IT Sector Board of Directors

Background in financial institutions and multichannel solutions. Masters and PhD from UMIST (UK).

Nous 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.

Justin Short, CEO and Founder

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

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’ 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.

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.

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 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.

Dharmesh Mistry, UXP and Mobile Product Director

Adam Gable, Product Manager, Treasury

(not pictured)

Topicus 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.

Michiel Schipper, CEO

Jamie Burink, Senior Consultant Innovative Banking

Yseop 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.

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.

Arden Manning, Director of Communications and UK Business Development

Brings nearly 10 years of experience in public relations, strategy, and product management.

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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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