How they describe themselves: TouMetis enables leaders in the financial services industry to fully realize the potential of using mobile and desktop channels to both engage consumers/small business owners and reduce service delivery costs for financial institutions. Through tailored mobile and desktop applications that are secure, fast and feature-rich, TouMetis empowers consumers/small business owners by delivering the information they need in a format that allows them to make informed financial decisions anytime, anywhere.
TouMetis celebrated its three-year anniversary in January 2012. Working in three countries, the TouMetis workforce is fueled by a passion for mobile technology. Company co-founders have contributed to the success of mobility since the days of the Palm Pilot. TouMetis is focusing its talent and financial resources on developing innovative tools that make possible best-of-class applications that will work on any Smartphone, tablet or desktop device.
How they describe their product/innovation: TouMetis will be launching at Finovate an extension to Personal Financial Management for small business owners. With over 25M+ small/micro business owners in the United States, it’s the second largest customer segment for financial institutions behind consumer banking. We believe small business owners are largely underserved by today’s financial institutions and yet it is becoming one of the few market segments where financial institutions are seeing revenue growth.
TouMetis will demo $mart, which we believe to be the first global, cash-flow manager for small business owners as an extension to Yodlee PFM solutions. The Small Business Center FinApps include account summary, transactions, expense tracking, invoicing, time tracking, bill pay, budgeting and cash-flow analysis. $mart will allow the small business owner to engage in financial decisions from their desktop, mobile or tablet devices.