EbankIT delivers banking solutions that fit the context of customers’ lives, through the channels they prefer.
The startup originates from parent company ITSector, which you may have seen on stage at FinovateEurope 2014. For 10 years, ITSector has been creating financial solutions, and recently spun out ebankIT to showcase product lines.
ebankIT statistics
- $2.2 million in revenues
- 50 employees
- Headquartered in Oporto, Portugal
- Founded January 2014
- London operation is based at Level 39
- Self-funded
EbankIT integrates with an institution’s main core banking system. The startup takes a user-centric approach to enable banking to take place:
- In any place
- At any time
- On any device
- Through any channel
At FinovateEurope 2015, ebankIT demonstrated six solutions; here are a few:
1) Augmented reality
Users open an augmented reality session in the mobile app, which is available for iPhone, Android, and Windows 8. When they aim their phone to view a printed pamphlet or advertisement, the material comes to life on their screen.
The augmented promotional content, viewed on the smartphone, contains personalized offers and can be tailored to reflect the customer’s financial standing.
2) Mobile account opening
EbankIT makes mobile account opening simple for the customer and the back-office agent. The technology enables both parties to digitize all required documents using the camera on the tablet, for a completely mobile account-opening experience.
3) Smart watches
With Android smart watches gaining traction and Apple not far behind, ebankIT developed a banking app for smart watches that enable users to check their balances, view notifications, and pay bills.
EbankIT expects to launch the smart watch offering with a bank in the next one to two months.
EbankIT also debuted P2P payments capability, beacons, and voice banking solutions.
Check out its video from FinovateEurope 2015 to see all six solutions demoed live.