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Major new executive-level changes and a big financing round have U.S. peer-to-peer lending pioneer Prosper starting off 2013 with a bang. Stephan Vermut will be taking over as chief executive officer. The company will also separate the president and CEO roles, and appoint Aaron Vermut to the former position. Both Stephan and Aaron, as well Read more…
Calling the latest version a collaborative effort between the company and customers, ACI Worldwide this week announced the release of Money Transfer System 5.0. MTS 5.0 features include repair reporting, network validation tools, and the addition of global clearing channel such as KASSIP and SAIRE. KASSIP is the Kuwait Automated Settlement System for Inter-Participant Payments. Read more…
The ability to manage both POS and ATM networks on a single platform has won FIS a deal with Australia’s Suncorp bank. In addition to managing the bank’s POS and ATM networks, FIS’s CONNEX will also be used to help the bank’s ongoing EMV rollout efforts.< CONNEX helps financial institutions facilitate terminal driving, transaction acquiring, Read more…
The partnership between Cardlytics and Fiserv bears fruit as America First Credit Union announced that it was adopting the Transaction-Driven Marketing program developed by Cardlytics. Offers from Cardlytics are targeted at 200 million transactions every week, and analyze $500 billion in transactions every year. They were named a “Red Herring Global 100 Winner” earlier this Read more…
Earlier this month, I was briefed by the COO of Entrepreneurial Finance Lab (EFL), Dennis DiDonna, on how they are increasing small business lending in developing countries while lowering default rates. EFL demonstrated at FinovateAsia last month in Singapore. Company overview Launched in 2010 30 employees Offices in North America, Latin America, & Africa Used Read more…
Then, TradeHero showcased its interactive, virtual trading community: “TradeHero leverages mobile real-time push notifications, mobile-optimized and deep social-network integration with creative and addictive game-play elements, and we operate across the breath of the mobile space from Android through to iOS and HTML5. Key USPs include the core concept of our platform as an information-brokerage: no trade Read more…
Third, Luminous took the stage with BankFiling: “BankFiling is an innovative solution that saves banks millions by automating the timely collection of financial information from business customers with credit exposure to the bank.” Product Launch: September 2012 HQ: Johannesburg, South Africa Founded: 2007 Metrics: Luminous was the first to release a ground breaking solution to deliver Read more…
After, Entrepreneurial Finance Lab (EFL) demonstrated its Credit Scoring Tool for FIs: “The EFL Credit Scoring Tool is a credit scoring and management platform that seamlessly integrates into and expedites existing bank lending processes. EFL’s 45-minute credit application can be taken on a PC or mobile tablet device at a bank branch or in the field. Read more…
Then, BankersLab showcased ScoringLab: “ScoringLab is simulation-based classroom training for bankers that addresses the usage of credit scores in retail banks. In ScoringLab, players are pitted against each other to operate virtual banks. That’s right – flight simulators for bankers! Although scores are used globally, it can be difficult to diagnose and understand customer trends, shifts, Read more…
Next, Figlo demonstrated how its consumer portal can help FIs engage customers: “Figlo announced the global launch of their tablet solution for Financial Product Advice. Figlo offers insurance companies a leading edge tablet application for financial product advice which gives a quick overview of the client financial situation and facilitates product advice and sales. The tablet Read more…
Concluding the first session, Pendo Systems demoed how it can give transparency to investment accounting data: “Pendo has the first cross vertical global investment accounting cloud solution. We provide services to capital markets across banking, asset management, wealth management, insurance, and corporate treasury. The landscape today consists of products that are vertically focused on industry (mutual Read more…
After, Backbase demoed how its Launchpad delivers a consistent UX across multiple devices: “Backbase Launchpad is a new and unique banking experience, based on Backbase Portal technology. Launchpad offers the latest innovations and best practices in user experience design and cross device customer journeys. The goal of Launchpad is to drastically bring down time-to-market for online Read more…