How they describe themselves: Strands is a global provider of personalization and recommendation solutions for digital banking and e-commerce, serving customers worldwide including Barclays, Deutsche Bank, PostFinance, BBVA, Bank of Montreal (BMO), BNP Paribas, Carrefour, Panasonic, and Skymall. At the Finance business unit we design and create next-generation digital banking experiences to help individuals and SMEs manage their finances. This virtual engagement generates a rich source of customer data that we enable banks to capture and process to deliver actionable insights and create new revenue streams. Strands Finance Suite includes such products as Personal Financial Management (PFM), Business Financial Management (BFM), Card-Linked Offers (CLO), and Product Recommender among others.

How they describe their product/innovation: Strands Loop is a combination of 3 solutions: Business Financial Management (BFM), Card-Linked Offers (CLO) and Personal Financial Management (PFM). Strands BFM is a white label product that helps SMEs make better financial decisions. With this intuitive tool business owners can analyze and forecast future financial needs. Thanks to the tight integration with Strands CLO and Strands PFM, SMEs are also empowered to influence their future cash flow.  With predefined marketing strategies and PFM data insights, SMEs can easily set up campaigns and target highly relevant deals to the card holders. With Strands Loop, financial institutions can create a more seamless and personal banking experience and build better relationships with their SME clients.

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

Contacts:

Bus. Dev. & Sales: Cesar Richardson, Bus. Dev. Director, [email protected]
Press: Victoria Yasinetskaya, Marketing Manager, [email protected]

How they describe themselves: StreetShares is an affinity based, social lender that connects small business owners with retail and institutional investors by shared affinities. StreetShares blends peer-to-peer lending with traditional banking. Business owners personally pitch their loan requests and StreetShares investor members compete to fund their loans. It’s like “Shark Tank meets eBay.” As their first affinity, StreetShares provides funding to military Veteran business owners, which account for 1 in 9 small businesses in the United States. StreetShares underwrites, originates, and services term, unsecured loans up to $50,000.

How they describe their product/innovation: The StreetShares marketplace uses social affinities and online auction technology to provide small business borrowers with loans at lower rates, and provide investors with higher returns. StreetShares blends the social loyalty and trust of affinity groups with traditional bank underwriting. It provides small business owners with the opportunity to pitch their loan requests to retail and institutional investors at no cost or obligation. StreetShares investors then compete to fund the loans through a StreetShares auction, where the lowest rates charged to borrowers win. Through a StreetShares auction borrowers get funded at competitive rates and investors get returns they’re looking for. Everyone wins.

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

Contacts:

Bus. Dev. & Sales: David Bann, [email protected]
Press: Jeff Townsend, [email protected]

How they describe themselves: In 2010, in London, Quantitative Credit Research (QCR) was founded by two investment bankers in order to develop RiskAware, a new credit risk management application. The financial crisis showed that there was room for improvement in credit risk management throughout the financial sector and QCR delivers that technological leap in risk management, which enables bank and non-bank financial institutions to save millions of USD in credit losses.

How they describe their product/innovation: RiskAware was developed based on the lessons learned from the financial crises and can analyse and measure corporate credit risk quicker and better than existing practices. RiskAware forecasts corporate defaults on a one-year term with close to 90% accuracy rate. New methodology includes the introduction of the macro environment into credit risk analysis and the simulation of 32 macro scenarios for each loan and borrower.

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

Contacts:

Bus. Dev. & Sales: Tamas Varkonyi, CEO & Founder, [email protected]
Press: Brigitta Posa, Head of PR, [email protected]

How they describe themselves: Quisk, Inc. partners with banks and merchants to enable anyone to use their money without needing cash or cards. We are a Silicon Valley based startup that provides a next-generation digital services and transaction-processing platform for integrated mobile payment and digital marketing as well as loyalty programs.

Deploying cloud-based technology, the Quisk digital services platform not only works with any type of mobile phone number on any wireless network, but also leverages existing Point-Of-Sale (POS) infrastructure. The Quisk team is comprised of payments and technology industry veterans from CyberSource, Visa, Apple, and HP.

How they describe their product/innovation: Quisk is the next step in the evolution of money.

We are the creator of a new cash-based digital payment type. We enable banks to create a new type of all-digital account, which is accessed by a consumer’s mobile phone number and secure PIN. The Quisk cloud-based digital services platform is technology agnostic, multi-issuer/acquirer, and works with existing core banking and retail POS infrastructure.

Quisk is demonstrating a variety of digital cash transactions: in-store purchase using POS systems, Person-to-Merchant (P2M), Bill Pay, online purchase (eCommerce), and Person-to-Person (P2P) send money. In addition, the Quisk platform enables merchants to offer digital loyalty programs and marketing offers while reducing interchange fees.

Product distribution strategy: Direct to Business (B2B), through financial institutions

Contacts:

Bus. Dev. & Press: Dan Glessner, CMO, [email protected]
Sales: Bill Baustien, SVP US Sales, [email protected]
Ziad Alshobaki, MENA MD, [email protected]

How they describe themselves: Revolut disrupts the financial industry by providing customers with the value they won’t find anywhere else – the personal money cloud.

Our goal is to completely remove all hidden banking costs. Whenever you spend money on your banking card or send money in a different currency, you are hit by expensive banking charges hidden in exchange rates. Why should there be any charges? There is no difference between email and money transactions. They are both digital messages.

How they describe their product/innovation: Revolut allows you to exchange currencies at interbank rates, send them through social networks, and spend with a multi-currency card accepted anywhere. All is done with the touch of button, through a beautiful mobile application.

There are features that will blow your mind. Just one example: the ability to pay with bitcoins in any shop through the Revolut multi-currency card. And there are several others…

Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms

Contacts:

Press: Nikolay Storonsky, CEO & Founder

How they describe themselves: Sedicii is targeting enterprises that operate in vertical markets such as banking, finance, insurance, health, government, and retail where the identity of the customer and the sensitive personal data linked to them, needs to be securely protected. Sedicii’s patented authentication technology can prove a person is who they say they are, protecting them from impersonation and the damage that can ensue when a customer account is accessed illegally. Our technology eliminates the need to store, transmit, and expose passwords, or other sensitive personal data during the authentication process.

Sedicii authenticates users of web and smart device services replacing one time passwords, but can also be used to authenticate users of tele-services, making it very versatile.

How they describe their product/innovation: Today’s internet world requires users of secure services to authenticate themselves before they receive access to the services they seek. This need to authenticate has spawned an ever-increasing number of websites that mimic the look and feel of a genuine website with the intention of fooling the unsuspecting user into entering their user credentials (login name and password). Based on the zero knowledge protocol, Sedicii’s patented, strong authentication technology can prevent data compromise from man-in-the-browser, man-in-the-middle, and server side attacks. The service is used in a traditional web or app context, but can also be used to authenticate through contact centers or other offline services with a single, easy to use interface.

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

Contacts:

Bus. Dev. & Press: Rob Leslie, CEO, [email protected]
Richard Coady, Commercial Director, [email protected]
Sales: Richard Coady, Commercial Director, [email protected]

How they describe themselves: SOFORT offers innovative products to ensure secure purchasing of goods and digital products on the internet. The company is part of the Klarna Group, Europe’s leading alternative online payments provider. With its product ‘SOFORT Banking,’ SOFORT is the market leader among the direct payment systems in Germany. Over 30,000 e-commerce shops handle more than 3M transactions with SOFORT Banking per month. Aside from Germany, the services can also be used in Austria, Switzerland, the Netherlands, Belgium, Poland, Hungary, Italy, Spain, France, and the United Kingdom.

How they describe their product/innovation: SOFORT Banking Paycode is an online link to the SOFORT payment form, which already contains all relevant information for the transfer. By using the link, the digital transfer form is filled in automatically and is ready for the transfer. You’ll find the Paycode on your invoice, which you receive from the merchant via email, mail or SMS. The Paycode can be entered either via the website of the merchant or at sofort.com. Alternatively, you can use the code link that leads you directly to our encrypted SOFORT Banking payment form. The transfer can then be carried out easily via SOFORT Banking.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

Contacts:

Press: Verena Steffel, Manager Corporate Communications, [email protected]
Sales: Christian Mangold, Managing Director Sales, [email protected]