Finovate Alumni News

Around the web

  • RightCapital links up with investment research firm Morningstar.
  • Turbine, the creator of the Lord of the Rings online game, uses Xsolla to power in-game storefront
  • investorID taps IdentityMind’s compliance and risk management capabilities

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

  • EVRY Lands 7-Year Deal Worth $77 Million.

Around the web

  • Shoeboxed has processed 28+ million documents and receives upwards of 200,000 documents per month from customers through Magic Envelope since launching it in 2007
  • Entrepreneur features how Xsolla helps Fortnite game developers get paid.
  • Lendio recognized as a great place to work for third consecutive year.
  • AlphaPoint, facilitates issuance of digital pound sterling for London Block Exchange, a multi-cryptocurrency exchange.
  • Klarna enters global opportunity with Clas Ohlson partnership.
  • iSignthis receives Visa/Mastercard license.
  • Atom Bank partners with Thought Machine.

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

  • Anorak Raises $6.5 Million in Series A.

Around the web

  • British lender CYBG signs payments partnership with Worldpay.
  • Azimo begins money transfer service to China.
  • AlphaPoint announces TrueUSD integration to Exchange Technology Network.
  • InComm partners with Xsolla to enable online game account funding with cash.

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

  • FinovateSpring 2015 Best of Show Winners Announced

Around the web

  • Xendpay extends its money-transfer service to Nepal.
  • Moven and Accenture partner to create digital banking solutions.
  • Xsolla launches strategic partnership with Secure Trading Financial Services.
  • Euro Pacific Bank to deploy T24 cloud banking solution from Temenos.

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: Xsolla Leverages its Billing Platform to Build a Better Payment System

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Xsolla is taking its expertise in providing billing services for gaming platforms into the world of payments and commerce. At FinovateEurope 2015, Xsolla demonstrated its white-label, customizable billing platform for financial institutions. Aiman Seksembaeva, Xsolla’s manager of business development, said, “We believe our solution has been perfected and molded by millions of daily transactions that can actually help reinvent e-commerce.”

The stats:

  • Founded in 2006
  • Headquartered in Sherman Oaks, California
  • Maintains workforce of 170
  • Alexander Agapitov is CEO

The story

Xsolla’s payment-gateway comes with advanced analytics and reporting tools, as well as advanced antifraud and chargeback management. The technology can be used by online merchants looking to make it easier for consumers to make transactions in the manner and currency of their choice. Xsolla believes this flexibility is critical, pointing out that enabling consumers to transact in local currencies increases engagement which can lead to higher revenues for both small businesses and their bank partners.

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Users choose a country and coverage, or have them selected automatically. Some advanced users of the platform may transact in one set of currencies, yet want payouts in an entirely different set of currencies. Seksembaeva points out that this kind of functionality within larger payment gateways has been available for years, and now with Xsolla, these options are available to small and medium-sized merchants as well.

Xsolla_FEU15_stage2

Banks and clients alike have access to the platform’s analytic and reporting dashboard, a 24/7 analytics suite that helps merchants monitor and manage the “flow and health of their business.” Users can see all transactions made on the platform, the volume of sales, taxes if applicable, payout amounts and types, and review fees, courtesy of detailed reports on each payment method.

The bank workspace, Semsekbaeva points out, is not just a “big-data analytics solution capable of producing customized reports” but a resource that allows FIs to communicate directly with clients. It can be used for cross-selling; marketing credit lines for SMEs; as well as handling complex offers from merchants and other vendors.

The future

Xsolla has been busy making friends in the weeks and months since its Finovate debut in London in February. The company announced partnerships with Ubisoft and CipSoft in April, following a string of successful deals from late 2014. Teaming up with other platforms in the spring has led to sales increases of more than 30% and significant gains in conversion rates from PayPal, credit cards, and other payment methods.

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Above: Xsolla Business Development Manager Aiman Seksembaeva presented at FinovateEurope 2015.

The key will be convincing FIs that Xsolla, which already has a strong presence in the world of online gaming, is making a real commitment to helping banks provide a range of options for their small business clients looking for variety in payment options.

“We’ve been experiencing a lot of demand from businesses for a solution like ours,” Seksembaeva said of the company technology. “But we truly believe this is not Xsolla’s place to be. This is a bank’s business.”

Xsolla Presents its Customizable, White-Label Billing Platform for FIs

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

Xsolla , the company behind one of the most advanced billing platforms for online gaming, has brought its technology to the world of e-commerce payments.
Game developers are a technologically advanced and very demanding customer. High expectations of gaming companies encouraged Xsolla to create the most advanced payment system on the e-commerce market.
With extensive relationships with payment providers like PayPal and Amazon, and services for AAA game companies like Valve, Nexon, Crytek, and Changyou, Xsolla is demoing its white-label, customizable billing-platform for banks.
Presenters: Aiman Seksembaeva, director, business development; Alexander Menshikov, integration manager
 
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Xsolla_7837.JPG
Product launch: February, at FinovateEurope
Product distribution strategy: Direct to Business (B2C)
HQ: Sherman Oaks, California
Metrics: Xsolla was founded in 2006; today it employs 170 people. Xsolla has offices in U.S.A., Brazil, Russia, Ukraine, Korea, and a number of financial centers.
Website: xsolla.com

Alumni News– December 4, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIntelligent Environments awarded Fairbanking certification. See Intelligent Environments demo at FinovateEurope 2015 in February.
  • Xsolla partners with BitPay to bring bitcoin payments to gaming. See Xsolla at FinovateEurope in London.
  • MasterCard partners with Gates Foundation to launch innovation lab in Nairobi, Kenya.
  • App Annie unveils Audience Intelligence, a solution mobile app publishers can use to learn demographic data from users.
  • Access Development partners with Oklahoma Education Association.
  • Yueyu Fu, co-founder and CPO at Rippleshot interviewed at Benzinga Fintech Awards.
  • Intuit’s Quickbook Online Accountant is now available in the U.S.
  • Ripple to plug its real-time settlement protocol into Earthport’s payments hub.
  • Braintree is now rolling out its One Touch payment service outside the U.S.
  • eGift Card feature added to Wipit-powered Boost Mobile.
  • SocietyOne Closes Undisclosed Series B Funding Round.
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.