Mambu Takes a Cloud-First Approach to Running End-to-End Operations for Banks

This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Mambu:

“Mambu is a native cloud SaaS banking application. Built entirely for the web with a ‘cloud-first’ approach, our product runs the end-to-end operations that a bank needs, from loan and deposit product creation and servicing, to client relationship management and reporting. It does this entirely online and with a business and delivery model that allows any financial institution of any size to rapidly access state-of-the-art banking technology in the cloud, at a fraction of the cost and time of a traditional core banking solution.”

Presenting David Hamilton (President) and Eugene Danilkis (CEO & Co-Founder)

Product Launch: May 2011

Metrics: Since 2011, we’ve raised nearly $3M in venture funding. We have offices in Berlin, Iasi, London, Geneva and will be establishing offices in Manila and San Jose (Costa Rica) in the next 12 months. By the end of 2013, we will have more than 20 employees. We currently work with over 100 financial institutions in 26 countries, helping them service a portfolio of over $100M.

Product distribution strategy: Direct to Business (B2B)

HQ: Berlin, Germany

Founded: December 2011

Website: mambu.com

Twitter: @mambu_com

FinovateAsia 2013 Sneak Peek: Part 4

FinovateAsia 2013 is coming to Singapore in just over one week. And, just in time, here are the final seven companies who will bring their live demos to the stage.

If you missed the previous three installments of our Sneak Peek preview series, check out the links below.

• FinovateAsia 2013 Sneak Peek: Part 3

• FinovateAsia 2013 Sneak Peek: Part 2

• FinovateAsia 2013 Sneak Peek: Part 1

Our final event of 2013 is only a few weeks away. Get your ticket here to be a part of the audience.

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BehavioSec focuses on innovation in behavioral biometrics.

Features: 

• Transparent biometrics for mobile and web 
• Large deployments 
• Cost effective, low impact security

Why its great:
BehavioSec provides biometric security with no user experience cost  

Neil Costigan

Dr Costigan is a cryptography and security expert with over 20 years experience developing security solutions deployed with retail banking in the U.S. and Europe.

LinkedIn

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GMC Software Technology’s Inspire Research Portal (IRP) for investors provides a single platform for users to access and replaces all manual processes to automation.

Features: 

• Streamlining the process
• Reducing human errors while increasing productivity
• Ability to view research reports from multiple platforms

Why it’s great:
IRP will provide a centralized platform for both researchers and approvers to access and perform their job in an interactive and engaging way.  

Matthias Kraaz

Matthias has been in the customer communication space for many years and is currently looking after all the technical operations of GMC in Asia Pacific.  
LinkedIn

Kelvin Huang

Working as a Presales Manager in GMC for 2 years, Kelvin specializes in web and mobile communication and is equipped with years of experiences in financial industry.
LinkedIn

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Intuition Intelligence’s end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.

Features:

• Brings a huge volume of offers from Open-coupon Networks
• Solve Pains: Volume, Velocity, Variety, Vicinity, Visibility & Value
• Win-win ecosystem for the Bank, Merchants and Customers

Why it’s great: By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre-and post-login.  

Arif Ansari
Keynote Speaker for Big Data and predictive analytics, expert in multiple areas of advanced intelligent systems and multiple patent holder.

LinkedIn

Yusuf Ansari

Entrepreneur with track record of achieving #1 market share, visionary in building iconic products and hands-on execution and product management.
LinkedIn

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KlickEx is the world’s most advanced multi-currency payments network – active in 8 countries, SWIFT and UNDP f
unded – and Asia’s top-ranked Mobile Money platform deployment.

Features:

• Completed solution to distributed/”crypto”-currency value destruction
• No need to dis-intermediate Central Banks or regulators
• Implemented, asset-based store of value – full USD alternative

Rob Bell

Rob and his award winning team turned the SWIFT and UNCDP funded, World Bank ranked, Pacific inter-bank payment network, into Asia’s top rated mobile money platform in 3 years. Ex HSBC, Stanford, NZX.
LinkedIn

Brett Waterson

Brett is the multi-award winning architect behind many global trading and banking systems, including the NZ Police Database, and all four NZ bank credit card loyalty programs – and of course, KlickEx.
LinkedIn

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Mambu helps banks, microfinance institutions and financial innovators deliver banking services to individuals and emerging enterprises around the world.

Features:

• Makes state-of-the-art banking technology accessible to all
• Eliminates the costs and complexities of traditional core banking
• Helps financial organisations get new products to market, fast

Why it’s great:

Mambu’s cloud-first Software-as-a-Service solution enables financial organizations of all sizes to rapidly deliver state-of-the-art banking services  

David Hamilton, president of Mambu

LinkedIn

Eugene Danilkis, CEO and co-founder of Mambu
LinkedIn

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Payoneer simplifies global commerce by providing companies and businesses of all sizes with an innovative, convenient and cost effective solution to send and receive funds worldwide.

Features:

• Global corporates can transfer funds to over 200 countries and more than 50 currencies 
• Funds can be received on prepaid cards, local bank accounts, or even local e-wallets 

Why it’s great:

In a borderless world, Payoneer helps SMBs and professionals get paid with minimal friction and the convenience of choosing their preferred financial instrument.

Oded Zehavi

As CRO, Zehavi is responsible for Payoneer’s sales, marketing and product activities. Prior to joining Payoneer, he served as business development director for PayPal.

LinkedIn

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TSYS‘ Authorization Controls allows the a user to set one’s own default account parameters and authorization rules.

Features:

• Spatiotemporal locks allow user to geo-fence their location
• Authorization Rules allow you to define spend limits for defined cycles
• Authorization actions the user to Alert, Decline or Pre-authorize

Why it’s great:

TSYS Authorization Controls reduce risk to the card issuer, merchant and consumer by monitoring transactions in real-time and enforcing responsible spending at the POS.  

Paul Bridgewater

As Group Executive of Global Product, Paul is responsible for product strategy, product delivery, product marketing and TSYS Innovation across the company. 
LinkedIn

Chris Colson

As the director of innovation for TSYS, Chris is an 18-year veteran of the payments and financial services industry, having previously served as vice president, product management, of Equifax.  

LinkedIn

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For more information about how to join us in Singapore, visit our FinovateAsia 2013 page here.

FinovateAsia 2013 Demo Companies Bring Global Innovation to Singapore

FinovateAsia is typically our most globally diverse show, and this year is no different. Two weeks from now, we will showcase 37 demos from companies spanning the globe that are innovating in everything from remittance to small business tools to back office solutions and much more. 

Given that diversity, we thought it would be fun put together a map showing the geographic spread of the demoing companies that will take the stage (click the map to enlarge).

Here’s the breakdown of the number of companies from each region:

• Asia: 12
• Europe: 11
• North America: 9
• Africa: 1
• Oceania: 2
• Middle East: 2

To refresh your memory, the list of the companies that we’ve hand-picked to show off their new technology at the Max Atria @ Singapore Expo on November 14, include:

Advanced Merchant Payments App Annie Arkalogic ArthaYantra Backbase BehavioSec BlueKite BRIDGEi2i CustomerXPs Software DragonWealth GMC Software Technologies

i-exceed IND Group Intuition Intelligence KlickEx Kofax LifePAD Luminous Mambu Matchi Mistral Mobile Mobexo Mobino Pangea

Payoneer Pixeliris Red Zebra SaaS Markets Serverside Smart Engine TIBCO Tootpay TradeNet TSYS White Label Personal Clouds Yodlee

To see live demos of the new technology, meet the entrepreneurs responsible, and network with others in the industry, get your ticket to FinovateAsia here. If you have questions about the show, check out who is attending or email asia@finovate.com.

Showing Our Age: A Look at FinovateAsia 2013 Demo Company Launch Timeline

At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012

• Arkalogic: 2013

• BlueKite: 2013
  Total Funding: $1.5 million Seed funding

• Dragon Wealth: 2013

• LifePAD: 2013

• Matchi: 2013

• White Label Personal Clouds: 2013

• ArthaYantra: 2012 

• Intuition Intelligence: 2012

• Mistral Mobile: 2012

• Pangea Payments: 2012
  Total funding $1 million Seed funding

2011-2008

• BRIDGEi2i: 2011

• i-exceed: 2011

• KlickEx: 2011
  Total Funding: $1.3 million

• Mambu: 2011
  Total Funding: $2 million Series A

• Mobino: 2011

• Red Zebra: 2011

• SaaS Markets: 2011

• SinoLending: 2011

• Smart Engine: 2011

• Tootpay: 2011

• Mobexo: 2010

• Advanced Merchant Payments: 2009

• App Annie: 2009
  Total Funding: $22 million

2007 or earlier

• Payoneer: 2007

• CustomerXPs Software: 2006
  Total Funding: $4 million Series A

• Backbase: 2003

• Serverside: 2003

• TradeNet: 1999

• Yodlee: 1999
  Total Funding: $124 million

• BehavioSec: 1998
  Total Funding: $2 million (€1.5 million)

• IND Group: 1997

• TIBCO Software: 1997
  Public NASDAQ: TIBX

• GMC Software Technology: 1994

• TSYS: 1993

• Pixeliris: 1989

• Kofax: 1985
  Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.

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All numbers and funding information sourced from Crunchbase.com

What to Expect at FinovateAsia this November

You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.

Advanced Merchant Payments’ innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses

ArthaYantra provides personal financial advice online to everyone irrespective of what they earn

Backbase brings social media to the bank, and the bank to social media

BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication

BellaDati is the agile business data analysis with human touch

BlueKite’s international bill payment service improves an immigrants’ ability to care for family back home

BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA

CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally

GMC Software Technology is a leading software developer of solutions that transform the customer experience

i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems

IND Group is a leading innovator and developer of digital banking, PFM and payments technology

Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels

KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well

Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction

Luminous is a boutique innovation company that has become synonymous with innovative banking around the world

Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution

Matchi is a matchmaker for innovation

Mistral Mobile powers your mobile financial services to serve anyone

Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones

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

Pangea Payments’ multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world

Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns

SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers

Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results

SinoLending is the leading online lending platform in China

Smart Engine’s Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users

TIBCO Software creates real-time, event-enabled solutions for the 21st Century

Tootpay’s mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone

TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month

TSYS focuses on people-centered payments

White Label Personal Clouds’ Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations

Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data

To learn more about FinovateAsia, visit the event page, check out the FAQ, or email asia@finovate.com.