Alumni News– August 28, 2014

  • Finovate-F-Logo.jpgPymnts features PayPal’s OneTouch mobile payments app.
  • American Banker considers how banks are looking closely at how BillGuard uses geolocation to prevent fraud.
  • Taulia launches SupplierPay.org to help corporations support the White House’s SupplierPay initiative.
  • IBM and Monitise expand partnership to combine IBM’s sales and specialist resources with Monitise’s Mobile Money services.
  • Pymnts.com feature on lending shares observations on consumer credit from Lending Club.
  • Forbes column on natural language processing features Narrative Science and Yseop.
  • Wired.co.uk profiles BehavioSec in its Stockholm category of “Europe’s hottest startups” in 2014. See BehavioSec at FinDEVr this fall.
  • CopSonic joins the FIDO Alliance.
  • Markets Media features interview with Avoka CEO Phil Copeland.
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.

Alumni News– August 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgLivePlan launches its Black Widow update to enhance performance monitoring.
  • Bank Innovation looks at GoBank’s decision to shorten holding periods for mobile check deposits.
  • NICE Systems earns 2014 Star Performer award from Speech Technology magazine.
  • Top Image Systems partners with Allied Payment Networks to implement MobiPAY.
  • Time features ReadyForZero as 1 of 50 Best Websites for 2014.
  • Hiveage compares OnDeck, Kabbage, PayPal Working Capital, & CAN Capital Come see OnDeck at FinDEVr.
  • Quisk awarded US patent for enabling consumer activated security for a mobile payment system.
  • The Rude Baguette interviews Yseop CEO, John Rauscher.
  • New partnership brings Geezeo’s PFM solution to MEA’s native mobile banking platform. See Geezeo at FinovateFall 2014 in New York.
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.

Alumni News– June 25, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKreditech raises $40 million in series B round.
  • Charge! LoopPay launches its iPhone ChargeCases.
  • Fiserv announces new partnerships and renewals with four credit unions.
  • Navy FCU chooses Select Mobile Money prepaid mobile app from Cachet Financial Solutions.
  • P2Binvestor adds three Colorado companies to its portfolio in June.
  • Ian McKenna examines how Yseop’s artificial intelligence can help financial advisors.
  • Vaamo launches Goal-Based Savings Platform on Invite-Only Basis.
  • Oink (formerly VirtualPiggy) and SafetyPay partner to enable Oink to accept local payments as they expand into Europe and Latin American markets.
  • ReadyForZero launches API to enable partners to deploy its debt-management platform on their own sites.
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– May 13, 2014

  • Finovate-F-Logo.jpgYseop expands to New York http://bit.ly/QEtHWx
  • InComm partners with Softgate Systems to enable consumers to make cash bill payments in-store for 12k billers.
  • TIO Networks partners with PSE&G to enable customer payments at 2,000+ retail locations.
  • TSYS chooses ShopKeep to offer POS technology in the cloud.
  • FIS introduces Early Risk Manager, a turnkey, cloud-based risk and compliance solution for FIs.
  • Back to Banno: ProfitStars rebrands Andiamo mobile payments solution; now called Banno Mobile.
  • Mambu wins core banking contracts with financial organizations in Nigeria, Angola, and Kenya.
  • United Community CU partners with Insuritas to create a virtual “Insurance Aisle” inside the credit union.
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.

Yseop Launches its Sales Force Productivity Suite in the U.S.

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This post is part of our live coverage of FinovateSpring 2014.
First to take the stage after lunch, Yseop stepped up for the U.S. launch of its Sales Force Productivity Suite:
“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (“Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. 
YSF analyzes customer data, dialogs intelligently with the advisor or customer to gather contextual data, and produces written conclusions such as pre- and post-meeting summaries, personalized marketing communications, and prep-to-meeting documents in less than a second.”
Presenting: Elizabeth Farabee (VP Marketing) and Matt Rauscher (Consultant)
Product Launch: April 2014 (in the United States)
Metrics: Privately self-funded. Over 20 years of research. 35 employees. 30 large customers with 20,000 users in production daily in the banking & insurance industries. 
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Dallas, Texas (U.S. HQ); Lyon, France (European HQ); offices in New York, London & Paris
Founded: First commercialized as a stand-alone product in Europe at the end of 2008
Website: yseop.com
Twitter: @yseopAI

Where the Alums Are: A Remembrance of FinovateSpring Past

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It is hard to believe that it is almost time for FinovateSpring 2014.

There’s still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can’t wait for you to see what this year’s spring crop of fintech entrepreneurs and innovators has in store.

Before we do, however, let’s take a moment to take a look back at last year’s FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums

We’ve grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!

EXITS
  • Jack Henry buys Banno for undisclosed sum
  • The rumors are true: eBay’s PayPal acquires Braintree for $800 million in cash
  • Intuit buys tax planning/preparation specialist GoodApril
  • TaxAct acquires Balance Financial
FUNDINGS
  • CardFlight secures $1.6 million in seed funding from ff Venture Capital
  • Encap earns seven-figure investment from ProVenture Seed
  • EyeVerify earns $2.3 million in Series A funding
  • Jemstep raises $4.5 million in Series A round
  • Kabbage brings in $270 million in debt financing to provide small businesses with funding of their own
  • Kabbage brings in $75 MIllion in debt financing
  • Leaf raises $20 million from Heartland Payment Systems
  • Alternative lender LendUp raises $14 million in new funding
  • D3 Banking creator Lodo Software Brings in $3 million
  • Narrative Science secures $11.5 million in Series C funding
  • OpenCoin wins investment from Google Ventures, IDG Capital Partners
  • P2BInvestor raises $1.2 million in Series A round
  • PayNearMe leverages Family Dollar Partnership; raises $20 million
  • PayNearMe raises $10 million in Series D funding, launches Express Merchant Onboarding Option
  • Prestadero raises 5 million pesos ($400,000 USD) in first round of funding
  • Quantopian raises $6.7 million in Series A round
  • Realty Mogul raises $9 million in round led by Canaan Partners
  • SeedInvest raises $2 million in crowdfunded investment campaign
  • SeedInvest Raises $1 million in round Led by Jumpstart New Jersey Angel Network
  • Zooz Closes $2 million Series A round Led by XSeed Capital
AWARDS
ACQUISITONS
  • OpenCoin acquires SimpleHoney
  • Kofax acquires data integration software provider Kapow Technologies
  • NICE to acquire Causata to enhance customer experience management

Finovate Alumni News– April 4, 2014

  • MasterCard partners with SIX Payment Services to bring MasterPass to Switzerland.
  • Texas Bay Area Credit Union to deploy Fiserv payments solution suite.
  • New agreement means MasterCard EMV debit cards will run on First Data’s STAR Network.
  • Pymnts News: Equifax partners with Jumio for Mobile Commerce.
  • Actiance’s partnership with Trustlink to give it access to a growing market in Africa.
  • D magazine interviews Yseop CEO John Rauscher. See Yseop demo at FinovateSpring in San Jose.
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.

FinovateSpring 2014 Sneak Peek: Part 2

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This year’s return to California for FinovateSpring will feature both new and old faces, as innovative startups make their fintech debuts and established veterans continue to remind us all that they’ve still “got it.”

Maybe your interests in FinovateSpring lie in something specific like security or mobile payments. Or maybe you are just looking forward to taking in all that this year’s crop of FinovateSpring presenters has to offer. 

Whatever your fintech appetite, we think you’ll find our Sneak Peek series a helpful way to get to know the entrepreneurs that will be taking the stage next month in April.

So today we introduce you to another set of six companies: Interactions, Kreditech, Market Prophit, Personal Capital, Yseop, and ZenPayroll. And if you missed the first installment of our FinvoateSpring 2014 Sneak Peek series, click here.

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Interactions Corporation is the only truly conversational, self-service solution to move more activity to self-service and free up agents for higher order tasks.
Features:
  • Delivers a fully unstructured, open-ended conversation between businesses and their customers
  • Understands with an unrivaled 95% accuracy in both speech and text
  • Deploys in 12 to 18 weeks
Why it’s great: We put customers first by engaging them in a free form dialogue, allowing them to solve problems quicker, and with less effort.
Phil Gray
Responsible for leading business development. Phil is a successful startup executive with extensive experience in natural language understanding and contact center technologies. 
Dan Fox, Marketing Manager

Kreditech uses Big Data and complex machine-learning algorithms to enable faster, better, and more sustainable credit decisions.
Features:
  • Developing self-learning, self-calibrating Big Data scoring
  • Building the “Amazon for consumer lending”: 24/7, always and everywhere available lending platform
  • Innovative FinTech products
Why it’s great: Based on Big Data scoring, Kreditech is building a centralized and global online lending service for innovative consumer finance products.
Sebastian Diemer, Co-Founder and CEO
Started building one of the most innovative global Big Data technology companies in 2012. Today, Kreditech is innovation leader in Big Data scoring.
Alexander Graubner, Founder and CTO
Combines cloud-based big data infrastructure and machine learning to build the world’s consumer scoring technology.

Market Prophit empowers every investor with real-time intelligence into what’s moving the market by quantifying global, financial-related conversations in social media.
Features:
  • Real-time sentiment and buzz in stock-related social media chatter
  • Identify the “mavens” in the “crowd” with our quantitative blogger ranking system
  • Track stocks and bloggers you care about
Why it’s great: Klout + Morningstar for social media financial influencers
Igor Gonta, CEO
Extensive experience on Wall Street in sales and trading, and brings that to the intersection of Big Data and finance.

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Personal Capital’s One Click Investment Proposals enables our advisors to efficiently analyze prospective clients’ finances and deliver investment recommendations tailored to their unique needs.
Features:
  • Advisors generate 90% of a client’s portfolio with one click
  • Clients see their complete & up-to-date household financial data and a comparison of their existing portfolio to an optimal one
Why it’s great: We’re making it digital – while keeping it personal.
Bill Harris, CEO
Has spent his career dragging the financial industry into the 21st century. He’s developed financial technology for 25 years – including as CEO at Intuit and PayPal.
Jim Del Favero, CPO
Has spent his career designing and building consumer financial software. Before Personal Capital he was head product manager for Quicken at Intuit.

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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 pre-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
Has a background in inbound and direct marketing. She is passionate about Yseop’s personalized marketing potential in both the B2C and B2B markets.
Matt Rauscher
Is a consultant at Y
seop. He lived nine years in the United States, and graduated with a Master’s Degree in Finance.

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ZenPayroll is modern, delightful payroll. Our mission is to make payroll as simple and intuitive as possible using the principles of modern software.
Features:
  • Makes payroll as simple and intuitive as possible
  • Helps business owners build stronger teams
  • Empowers employees by enabling them to be equal stakeholders
Why it’s great: Payroll should be about people, not payments. ZenPayroll is unearthing the human side of compensation currently buried under layers of complexity and government bureaucracy.
Joshua Reeves, CEO and Co-Founder
Believes in the power of software to solve complex problems, and founded ZenPayroll to deliver delightful, modern payroll to businesses everywhere.

Stay tuned for the next edition of our Sneak Peek series coming next week.

Finovate Alumni News– February 21, 2014

  • Finovate-F-Logo.jpgBanking Day reports: SocietyOne to take next step in development next month, when it announces the involvement of a strategic investor.
  • ThreatMetrix announces frictionless, context-based authentication to prevent unauthorized access to enterprise applications.
  • TSYS announces increased investment in Central Payment Joint Venture.
  • Fiserv Premier platform picked by New Jersey-based Sussex Bank.
  • CRIF acquires OFWI, aka, Teledata, from Axon Active Holding AG.
  • ZenPayroll brings in $20 million in Series A funding from General Catalyst and Kleiner Perkins.
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.

Yseop Launches YseMail, a Sales Force Productivity Suite

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

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Afterwards, Yseop launched YseMail, a product aimed at helping sales agents:
 
“Yseop Sales Force Productivity Suite (YSF) and its email writing application, called “YseMail” (pronounced “Easy-Mail”), is an integrated sales performance boosting solution to be plugged into a CRM, which supports the financial advisor throughout the sales cycle. YSF analyzes customer data, dialogs intelligently with the financial advisor or customer to gather contextual data and produces written conclusions in seconds, including pre- and post-meeting summaries, personalized marketing communications and prep-to-meeting documents. YSF has demonstrated an improvement in sales productivity of 20% overnight.”
Presenting Elizabeth Farabee (VP Marketing) and Arden Manning (Communications & Bus. Dev.)

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Product Launch: February 2014
Metrics: Privately self-funded. Over 20 years of research. Commercialized as a stand-alone product in Europe at end of 2008. 30 employees. Winner of 2013 Google-sponsored DMA Innovation Award for its CRM integrated cross-selling solution. Selected as French National Champion for the 2013-14 European Business Awards. Largest customer in production is a retail bank with 12,500 daily users.
Product distribution strategy: Direct to Business (B2B), through other fintech companies 
HQ: Lyon, France (European Headquarters) & Dallas, Texas (U.S. Headquarters)
Founded: First commercialized as a stand-alone product in Europe at the end of 2008.
Website: yseop.com
Twitter: @YseopAI

FinovateEurope 2014 Sneak Peek: Part 4

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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_lo_res_logo.jpgIT 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.

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Joao Lima Pinto, IT Sector Board of Directors
Background in financial institutions and multichannel solutions. Masters and PhD from UMIST (UK).


nous_lo_res_logo.jpgNous 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.

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

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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_lo_res_logo.jpgPixeliris’ 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.

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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.

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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_lo_res_logo.jpgTemenos 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.

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Dharmesh Mistry, UXP and Mobile Product Director
Adam Gable, Product Manager, Treasury
(not pictured)


Topicus_Finan_lo_res_logo.jpgTopicus 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.

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Michiel Schipper, CEO

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Jamie Burink, Senior Consultant Innovative Banking


Yseop_lo_res_logo.jpgYseop 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.

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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.

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Arden Manning, Director of Communications and UK Business Development
Brings nearly 10 years of experience in public relations, strategy, and product management.

Innovations at FinovateEurope 2014: Part 2

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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.

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

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

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

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

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The Moneyer is the future of online Personal Finance Management.

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

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

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

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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.

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

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

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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.

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

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

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

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

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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.

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

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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.

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

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

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

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

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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.

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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.

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

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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.

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