Category Archives: mBank

Alumni News– July 16, 2016

July 16, 2014Coinbase, Dwolla, Jack Henry, Lendio, MasterCard, mBank, Micronotes, peerTransfer, Xero, Zooztonycchung

peerTransfer and Nelnet expand partnership, enhancing international payment options for educational institutions.

Xero MD Chris Ridd featured on Qantas radio. Check out Xero at FinDEVr, the first event for fintech developers.

Micronotes releases Mobile-SMS to automate the referral process through the mobile SMS channel to drive more sales.

Lendio launches program for brokers that helps more SMBs find financing by giving brokers and ISOs access to Lendio’s lending options.

New app from The Members Group alerts Google Glass wearers if a Dwolla-accepting merchant is nearby.

mBank deploys authentication technology from HID Global.

Jack Henry launches jhaEnterprise Workflow solution.

Coinbase integration brings bitcoin payments to Shopify merchants.

Zooz raises $12 million in round led by Blumberg Capital.

MasterCard’s MasterPass to enable in-app payments by August.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– March 20, 2014

March 20, 2014Credit Karma, Credit Sesame, Feedzai, Fenergo, MasterCard, Matchi, mBank, Narrative Science, SecondMarket, Striata, Thomson Reuterstonycchung

More than 25 banks have signed up for Matchi since its launch in November last year.

American Banker looks at how Credit Karma and Credit Sesame provide more than just a credit score.

Thomson Reuters launches Know-Your-Customer service.

SecondMarket seeks to open Bitcoin fund to ordinary investors.

Pymnts features Feedzai’s CEO Nuno Sebastiao.

Striata unveils new logo, new website.

Fenergo appoints Oliver White to UK Head of Sales.

mBank and Orange partner to launch full-service, retail mobile bank in second half of 2014.

MasterPass from MasterCard now available in Italy.

Narrative Science launches free app to turn data into readable documents.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– March 13, 2014

March 13, 2014Azimo, BBVA, BBVA Compass, Cardlytics, Kashoo, mBank, Narrative Science, PayPal, Tinktonycchung

Payments News: MasterCard, Fiserv partner on Debit EMV for Accel Network.

Xero named top choice in the list of “favorite online-based business accounting apps” by both PCWorld and Macworld.

Tate Design blog features BillGuard.

Credit Karma brings in $85 million in financing led by Google Capital.

Compliance Week reports: Actiance’s partnership with Shoutlet provides companies with compliant social marketing.

Expensify integrates with NetSuite and Stripe, raises maximum expense report amount, and more.

Cardtronics announces agreement with BBVA Compass for branded ATMs in Texas H-E-B stores.

PayPal’s Pamela Rice joins OnDeck as SVP of Technology.

Azimo raises $10 million in round led by Greycroft Partners.

Freshminds explains how Tink, mBank and BBVA are “redefining customer centricity.”

Kashoo earns spot on ICT 2014 Ready to Rocket list.

Smart Data Collective highlights Quill from Narrative Science in a column on the business applications of artificial intelligence.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

19 Finovate Alums Selected for 2014 European FinTech 50 Awards

January 29, 2014AcceptEmail, BehavioSec, Credit Agricole, eToro, ETRONIKA, Fidor Bank, Five Degrees, FreeAgent, HelpMyCash, Holvi, Ixaris, Klarna, mBank, Meniga, Nutmeg, The Currency Cloud, TransferWise, Wonga, Zopatonycchung

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:

AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.

Founded: 2006
Headquarters: Amsterdam, the Netherlands
Demo videos: FinovateEurope 2011 & FinovateEurope 2012

BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.

Founded: 2009
Headquarters: Lulea, Sweden
Demo videos: FinovateSpring 2012, FinovateFall 2013, FinovateAsia 2013, & FinovateEurope 2014

Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.

Founded: 1885
Headquarters: Paris, France
Demo video: FinovateEurope 2013

eToro, for its social trading and investment network

Founded: 2007
Headquarters: Limassol, Cypress
Demo videos: FinovateEurope 2011, FinovateFall 2011, FinovateEurope 2012, & FinovateFall 2012

ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.

Founded: 2000
Headquarters: Vilnius, Lithuania
Demo videos: FinovateEurope 2012, FinovateEurope 2013, & FinovateEurope 2014

Fidor Bank, for its innovative online banking community.

Founded: 2009
Headquarters: Munich, Germany
Demo videos: FinovateEurope 2011 & FinovateEurope 2012

Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.

Founded: 2009
Headquarters: Breukelen, Netherlands
Demo videos: FinovateEurope 2013 & FinovateEurope 2014

FreeAgent, for its SMB-focused online accounting system.

Founded: 2007
Headquarters: Edinburgh, UK
Demo video: FinovateEurope 2013

Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.

Founded: 2008
Headquarters: Barcelona, Spain
Demo video: FinovateEurope 2011

Holvi, for its smart checking account for group activities.

Founded: 2011
Headquarters: Helsinki, Finland
Demo videos: FinovateEurope 2012 & FinovateEurope 2013

Ixaris, for its innovative global applications based on open-loop prepaid card schemes.

Founded: 2002
Headquarters: London, UK
Demo videos: FinovateFall 2010, FinovateEurope 2011, & FinovateEurope 2012

Klarna, for its e-commerce payment solutions.

Founded: 2005
Headquarters: Stockholm, Sweden
Demo video: FinovateSpring 2012

mBank, for its Bank 3.0 approach to online and mobile banking.

Founded: 2000
Headquarters: Warsaw, Poland
Demo videos: FinovateEurope 2013 & FinovateFall 2013

Meniga, for its white-labeled PFM and next-generation online banking solutions.

Founded: 2009
Headquarters: Stockholm, Sweden
Demo videos: FinovateEurope 2011, FinovateEurope 2012, & FinovateEurope 2013

Nutmeg, for its online savings and investing service that helps users manage their money.

Founded: 2011
Headquarters: London, UK
Demo video: FinovateEurope 2012

The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.

Founded: 2012
Headquarters: London, UK
Demo videos: FinovateFall 2012, FinovateEurope 2013, & FinovateEurope 2014

TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.

Founded: 2010
Headquarters: London, UK
Demo video: FinovateEurope 2013

Wonga, for its service that provides small, short term cash advances to UK consumers online.

Founded: 2007
Headquarters: London, UK
Demo video: FinovateFall 2010

Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.

Founded: 2005
Headquarters: London, UK
Demo video: FinovateStartup 2008

Where Are They Now? FinovateEurope 2013 Best of Show Winners

January 14, 2014Best of Show, Credit Agricole, Efigence, ETRONIKA, FinovateEurope 2013, FinovateEurope 2014, mBank, Meniga, Moven, Oink, Pockets United, SumUp, Virtual Piggytonycchung

As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.

Here are last year’s winners, in alphabetical order:

Crédit Agricole

Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
Demo video

What they’ve been up to:

Celebrated the second year of its social media bank and attracted 3k banking customers.
Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.

ETRONIKA

Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries.

What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
Demo video

What they’ve been up to:

Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
Released a mobile banking app for Medicinos Bankas.
One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.

mBank with Efigence

Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

Demo video

What they’ve been up to:

mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
mBank announced a new transactional service, new logo, premium offer for affluent customers.
Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title

Meniga

Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.

What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

Demo video

What they’ve been up to:

Promsvyazbank in Russia launched Meniga-powered PFM-Service
Raised $6.5 Million (€5 Million) to further develop PFM and online banking
BRE Bank launched its “new mBank”based on Meniga´s PFM solution

Moven

Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.

What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers manage and improve their financial health

Demo video

What they’ve been up to:

Launched their Android app
Updated the iOS app
Received $2 million investment from Life.SREDA
Expanded the beta sign ups for the bank
Debuted Money Pulse to help users manage day-to-day finances

Oink (formerly VirtualPiggy)

Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.

What they demoed: An e-commerce solution that enables kids to manage and spend money within a parent-controlled environment

Demo video

What they’ve been up to:

Rebranded as Oink
Launched new iOS mobile app
Contracted with Marvelous USA to provide its payment system on their site
Expanded to a quarter of a million users
Signed its first UK partners, Toy Galaxy and Toadstool
Won The National Parenting Center’s 2013 Seal of Approval under the Websites category.
Partnered with epay
Received Excellence in Best Practices Award from Frost & Sullivan

Pockets United

Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another

Demo video

What they’ve been up to:

Launched Android app
Presented their solution to the Bavarian Ministry of Economics

SumUp

Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

What they demoed: Their mobile point of sale system

Demo video

What they’ve been up to:

Expanded to Latin America with launch of m-payments service in Brazil
Cut its transaction fee across Europe
Received investment from BBVA Ventures to aid in expansion to South America
Launched plug-and-play POS technology
Received multi-million Euro investment from Amex and Groupon
Launched in Russia and partnered with Svyaznoy Group
Partnered with Revel Systems to facilitate card payments
Began supporting AmEx in some European markets

To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

Finovate Alumni News– November 25, 2013

November 25, 2013ACI Worldwide, Backbase, BBVA, Bright Funds, Check, EyeVerify, GMC Software Technology, GoBank, MasterCard, mBank, Meniga, MoneyDesktop, Moven, Yseoptonycchung

Atos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.

Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.

Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous’ “Digital Banking Nirvana”.

American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.

Fast Company profiles EyeVerify.

Charitable givers now able to use Square Cash to donate via Bright Funds.

ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.

MasterCard now accepted for ATM cash withdrawals at Myanmar’s Ayeyarwady Bank Ltd.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– September 27, 2013

September 27, 2013Check, Manilla, mBank, mBank & Accenture, Mint.com, MoneyDesktop, Personal Capital, planwise, TradeHerotonycchung

Real estate tech firm Tribus is integrating Planwise’s PFM to help homebuyers evaluate the affordability of listings.

MyBankTracker lists Check, Manilla, and Personal Capital as 3 finance apps just as good as Mint.

MoneyDesktop marketing video wins 2013 Telly Award.

PC World features 11 FinovateFall demo companies.

Singapore-based MyHero earns $10M from Kleiner Perkins and others to enhance TradeHero app.

What’s the Next Big Thing in financial services? Ideas from FinovateFall and beyond.

American Banker: The cutting edge of online banking, as practiced by a Polish bank (mBank).

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– September 20, 2013

September 20, 2013Acculynk, Arxan Technologies, DoughMain, Ignite Sales, Manilla, mBank, MoneyDesktoptonycchung

Washington-based Connection CU now providing MoneyDesktop PFM services to members.

TA Associates completes majority investment in Arxan Technologies. Terms not disclosed

DoughMain’s new logo wins an American graphic design award.

NPR’s Marketplace takes a look at Manilla and the rise of automatic bill pay.

Wall Street Journal column on innovation in banking features Finovate alumni mBank and Ignite Sales.

PaySecure International from Acculynk helps solve authentication problems for merchants accepting non-US cards.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateFall 2013 in the Press

September 16, 2013Akimbo Financial, Backbase, BizEquity, FinovateFall 2013, FlexScore, Float Money, FutureAdvisor, Instabank, Interactions, mBank, Mitek, MoneyDesktop, Narrative Science, Numbrs, Saved Plus, SECOM GMixon Pixeliris, SpearFysh, Think Finance, TipRanks, WordSentry, Yodlee, Zighratonycchung

Affluent Strategies

Finovate Fall 2013 Best of Show Winners

by JP Nicols