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Finovate Alums Win Honors at Fintech Innovation Awards

By David Penn Posted on March 19, 2015
Categories: Alpha Payment Cloud, Azimo, Dwolla, INETCO Systems, Jumio, Loop, Misys, Monitise, Nutmeg, Top Image Systems, TransferWise, Uncategorized, Xignite, Yoyo, Zopa

Congratulations to the fourteen now and soon-to-be Finovate alums recognized by the Fintech Innovation Awards 2015. Four alums took home top honors in their categories.

Nutmeg won two categories: “Fintech Marketing Campaign of the Year” and “Fintech Startup or Early Stage of the Year”. Nutmeg CEO Nick Hungerford was also a finalist in the “Fintech Leader of the Year” category.

Jumio won the “Anti-Fraud/Security Initiative” category. Making its Finovate debut last month at FinovateEurope 2015, Yoyo won in the “Mobile Commerce and Banking” category. And INETCO, which will make its Finovate debut at FinovateSpring 2015 this May in San Jose, won the “Data Solutions” category.

Other Finovate alum finalists were:

Held at The Brewery in London, the FinTech Innovation Awards recognize accomplishments in global finance and payments technology. In addition to recognizing achievements by individual companies and CEOs, the event also honors collaboration via its “Project Implementation Team” and “FinTech Deal of the Year” awards (Finovate alum Dwolla was a finalist in the latter for its partnership with the Chicago Mercantile Exchange).

The Fintech Innovation Awards 2015 were held in association with bobs guide and paymenteye. Read more about the event.

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Finovate Debuts: Yoyo is More than Just a Mobile Wallet

By Julie Muhn (@julieschicktanz) Posted on March 17, 2015
Categories: Yoyo

Yoyo is a mobile wallet at its core, but offers more than just a simple payment capability. The platform blends payments, loyalty, and shopping to help retailers reach their customers in new ways.

Stats

• $5M seed funding raised
• 25 employees
• 15,000 registered users since launch in January 2014
• Processes over 150,000 transactions a month

Since customers use a variety of payment methods, most retailers cannot track customer spending patterns. Yoyo gathers level III (item-level) data from purchases. By understanding users’ trends and preferences, Yoyo helps retailers offer rewards, enhance loyalty, and improve the customer experience, while minimizing friction at the point of sale (POS).

For consumers
The Yoyo app home screen (pictured above) maps retail locations that accept payment via Yoyo, shows users their payment activity, and offers quick access to the mobile wallet to enable POS payments.

After a customer adds payment information into the app, they pay at the POS using a QR code the app generates for each transaction. When the retailer scans the code, the payment is complete. Yoyo automatically credits rewards or loyalty points earned, updates the balance on their mobile wallet, and digitally stores the itemized receipt.

For retailers
When consumers pay using their Yoyo mobile wallet, they provide data on what and when they’re buying, as well as how much they are spending. Using Yoyo’s analytics and offers, retailers generate campaigns directed at different customer segments to encourage more frequent, higher spending. The campaigns also entice new customers with special deals, as well as inspire one-time customers to return.

Yoyo also offers a companion card. The back of the card has a printed QR code, along with instructions on how to register for a Yoyo account. When a retailer scans the code, new customers immediately begin receiving loyalty points. Additionally, if the customer prefers to pay with cash, they can still reap their loyalty points or redeem coupons when they present the card at the point of purchase.

What’s new?
At FinovateEurope 2015, Yoyo announced it will open the rails of its mobile platform for white-label use. In addition to Yoyo’s new, white-label option, the startup recently announced integration with the Apple Watch, giving users the ability to pay at the POS with a touch of their wrist.

Also, Yoyo is expanding its London-based operations internationally into Asia.

Check out Yoyo’s demo video from FinovateEurope 2015 where it announced the availability of its white-label API.

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Alumni News– March 17, 2015

By David Penn Posted on March 17, 2015
Categories: ACI Worldwide, Bluefin Payment Systems, Expensify, Kabbage, LendUp, PaySimple, SocietyOne, Yoyo

Finovate, FinDEVr Alums Provide Data for Fintech Sandbox.

NerdWallet looks at Kabbage and LendUp as innovators in combining social media and lending.

Westlake Financial Services to deploy billpay solution from ACI Worldwide.

Bluefin Payment Systems partners with PCI University to provide PCI compliance education suite to Bluefin’s merchant base.

P2P Banking highlights Society One’s role in Australian P2P lending.

Expensify launches new mobile design.

PaySimple now powers the payments, scheduling and reporting services for RainMaker, a membership management solution for martial arts schools.

Finovate Debuts: Yoyo is More than Just a Mobile Wallet.

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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Yoyo’s Mobile Payments App Rewards Customers While Providing Retailers with Analytics

By Julie Muhn (@julieschicktanz) Posted on February 11, 2015
Categories: FinovateEurope 2015, Yoyo

This post is part of our live coverage of FinovateEurope 2015.

Yoyo showed how its mobile payments app rewards consumers and offers retailers added benefits.

Yoyo integrates into the retailer’s till system and uses a unique QR code for each transaction, which is scanned at the point of sale. For consumers, it’s a quick and easy way to pay and get rewarded. For retailers, Yoyo provides a set of tools which enables them to better target their customers with relevant rewards, offers, and incentives.

We recently launched V3 of the Yoyo app, and we are constantly introducing new product features. Most recent additions include social gifting, digitalized receipts, and card to mobile.

Presenter: Co-founder Michael Rolph, COO

Product launch: V1 app launched January 2014, V3 launched September 2014

Metrics: $5M seed funding raised to date, 25 employees, around 15,000 registered users since launch in January 2014, currently processing 80,000 transactions a month

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: London, United Kingdom
Founded: May 2013

Website: justyoyo.com
Twitter: @justyoyo

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FinovateEurope 2015 Sneak Peek: Part 1

By Julie Muhn (@julieschicktanz) Posted on January 13, 2015
Categories: ebankIT, FinovateEurope 2015, FinovateEurope 2015 Sneak Peek, Jumio, SOFORT, TradeRiver Finance, Xignite, Yoyo

2014 was an exciting year for fintech, and we estimate 2015 to be even bigger, with the ongoing battle for mobile wallet share, growth of alternative lending, and burgeoning VC funding.

At FinovateEurope, our first conference of 2015, we’re hosting more than 70 companies who will showcase their products centered on the newest trends, and some we’ve never seen before.

For Finovate’s fifth time in London, we’re returning to the Old Billingsgate Market Hall on February 10 & 11. Register now and be the first to see the newest fintech of 2015.

In the weeks leading up to FinovateEurope, we’re giving you a taste of what will be on stage in our Sneak Peek series. Below are the first six companies in this installment.

ebankIT is an omnichannel banking software company that provides innovative solutions with centralized management, allowing banks to communicate faster, easier and more efficiently with their customers.

Features

Seamless access to financial products and services
Allows banks to extend its customers’ network
For any device and wearable technology

Why it’s great

Omnichannel & Social banking provides a consistent experience across channels to provide customers with seamless access to financial products and services.

Presenters

João Pinto, Board of Directors

Pinto is an administrator with nearly 20 years of solid experience in the financial sector, actively participating in the design and implementation of innovative Omnichannel Solutions.

Paulo Oliveira, Omnichannel Speacialist

Oliveira is a Project Manager, Omnichannel Specialist and Software Architect in ebankIT. He has been developing solutions in the financial sector for more than 15 years.

Jumio’s Netverify turns your customer’s computer/smartphone into an ID scanning terminal that captures customer data and verifies customer ID documents, increasing online account opening rates.

Features

Reduces abandonment during digital account opening
Creates fast & intuitive experiences for digital account opening
Helps meet KYC & AML compliance requirements

Why it’s great
Jumio’s Netverify has been developed to meet the challenge of verifying identity in a connected-device environment, decreasing online account opening abandonment by up to 40%.

Presenters

David Pope, European Marketing Director
Pope is a tech marketing specialist, having helped brands like 192business, Experian & Jumio balance the need for customer convenience with KYC compliance requirements.
LinkedIn

John McIntosh, Sales Engineer EMEA
McIntosh is the EMEA Sales Engineer for Jumio and is responsible for all information about the Jumio Product and Technical Information.
LinkedIn

SOFORT AG, based in Germany, offers Europe-wide,

innovative services for the secure purchase of goods and digital products on the internet.

Features
SOFORT Banking Paycode is an efficient method for purchasing on an account, whether online or offline. The online link contains all relevant transfer information.

Why it’s great
SOFORT Banking Paycode – the faster, smarter and easier way to pay bills online

Presenter
Christian Mangold, Managing Director Sales
At SOFORT, Mangold is in charge of the German market and the sales strategy. He has been on the SOFORT Management Board since late 2012.
LinkedIn

TradeRiver Finance is a non-bank online funding solution which finances trade, both cross-border and in the U.K.

Features

Online tool and finance for trade buyers
Pay global suppliers in cash and in local currency
Finance and execute local and cross-border transactions online

Why it’s great
The TradeRiver platform provides a business funding and transaction execution solution which changes completely the nature and operation of cross-border trade finance.

Presenters

Toby Lanyon, Chief Operating Officer

Mike Mumford, Business Development Executive

Xignite

provides real-time, reference financial data via cloud-based APIs to fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, Stocktwits, Yodlee & more.

Features

New API offers trusted FactSet fundamental data, including company financials & estimates
Covers more than 75,000 publicly listed global companies
Easy integration into apps & websites

Why it’s great
The leading fintech innovators use Xignite market data APIs

Presenter

Stephane Dubois, CEO & Founder
Dubois is a fintech revolutionary in the process of disrupting the financial services industry. He founded Xignite to pioneer market data in the cloud.
LinkedIn

Yoyo is a mobile platform that seamlessly blends payments, loyalty, and discovery – done right.

Features

Combines payment, loyalty and discovery
Yoyo ‘magic’ button on the till – we integrate into the epos software
Ability to link card to mobile and to give and receive social gifts

Why it’s great
Pay fast, get rewarded.

Presenter

Michael Rolph, Co-founder and CCO
Rolph is ex Barclaycard, First Data and PayPal. He was formerly a Director at Anthemis Group and is currently a Mentor at Seedcamp and advisor to Azimo.
LinkedIn

Check back later this week, when we’ll explore six more presenting companies. To learn about all of the presenting companies, check out our presenter page.

Space is limited; get your FinovateEurope ticket now to reserve your seat.

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