Comdirect bank launches PFM Service powered by Meniga.
SafetyPayadds the U.S. and Caribbean as regions where global merchants can accept cash payments for online purchases.
LocaidlaunchesLocaid Campaigns platform to provide location-driven marketing tools to SMEs.
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.
Finect president Jennifer Openshaw sourced in USA Today column on SEC’s decision to end the ban on hedge fund advertising.
Tinkoff Credit Systemschooses DataSpace for data center facilities and services support. Meet Tinkoff Credit Systems at FinovateFall in New York.
Temenoslaunches SocialComply to help banks go social.
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.
Stockholm-based PFM expert, Menigaannounced early this month that it has raised USD $6.5 million (€5 million) in series A funding.
Iceland-based Kjolfesta led the capital round. Frumtak, a previous investor in Meniga’s 2010 seed round, also participated.
Meniga will use the funds to better help banks provide a relavant and personalized customer experience by converting raw data into valuable information.
Web AppStorm reviewsKashoo’s cloud-based accounting technology.
eDepositteams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
LICUOSnamed a finalist in the Next Bank Madrid – Innotribe Startup Disrupt.
Fox Business News featuresArxan CEO Mike Dager on mobile banking security.
Better ATM Services CEO Todd Nuttall talks about the “real lessons” from the Cyprus financial crisis.
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.
We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact julie@finovate.com with the link.
Our third FinovateEurope wrapped up a few hours ago. At the end of each of the two jam-packed days, the London audience voted for their favorite three demos. The top eight overall were named Best of Show (see notes).
The winners (in alphabetic order):
Credit-Agricole for its app store where it is wooing outside developers
ETRONIKA for its BANKTRON e-channel management platform
mBank with Efigencefor their Facebook & social platform
Menigafor its PFM platform, including “buy” vs “not buy” feature
Moven(Movenbank) for the worldwide launch of its mobile-optimized bank
Virtual Piggy for its kids’ payment system with parental controls
We’ll have videos of all 64 demos posted at Finovate.com within a few weeks.
Congratulations to the presenters for our first Finovate with zero demo fails (sure their where a few glitches here and there). And thanks to everyone who attended, tweeted, networked, blogged, and set up an enormous number of post-show meetings. You are pushing fintech forward, and consumers everywhere will benefit.
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Notes on methodology: 1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote. 2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites. 3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.” 4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show. 5. Go here for a list of previous Best of Show winners.
This post is a part of our live coverage of FinovateEurope 2013.
Wrapping up the first session this morning, Meniga demonstrated its platform that helps users make smart purchasing decisions:
“To buy or Not to buy is a white-label module for mobile banking applications, that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would get if they save the money and use it to feed their goal instead.
One unique aspect of this innovation is allowing users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends.”
Product Launch: December 2009
HQ: Stockholm, Sweden
Founded: 2009
Metrics: $1.3M raised, 35 employees, cash-flow positive. European market leaders in white-label PFM solutions for retail banks with 10 implementations and with retail banks in Sweden, Norway, Finland, Germany, Poland, S. Africa, Russia and Iceland.
With just a few weeks to go before FinovateEurope, here’s the third and final part of our Sneak Peek preview of the companies demoing in London (click here for part 1, here for part 2).
There still time to get your ticket and be a part of the conference in London on February 12 & 13 at Old Billingsgate Market Hall. For more information or to register, visit our FinovateEurope page here.
Each presenting company supplied a few teasers about the innovations they will be showcasing at the event.
In a unique demonstration, Akamai will command agents and attack servers across the Internet to launch attacks commonly directed at financial services sites (including SQL injection, slow HTTP post, and DDoS attacks) at a pair of live demonstration banking sites on the public Internet. One site in the clear, and one protected by Kona Site Defender.
The demonstration will show how these attacks can compromise an unprotected site, and how Kona Site Defender is able to detect and mitigate these attacks automatically, live, in real-time. The demonstration will feature innovative adaptive rate control and real-time Web security monitoring security technologies.
A lot is happening on the front-end of payments: Mobile POS, mobile wallets, NFC payments … The back-end of payments, however, remains untouched. A card transaction is nothing more than a money transfer. Meanwhile, developers dread the prospect of having to develop native applications for each of these new, front-end payment platforms.
So why not an API that sits at the very heart of the transaction network, on top of the most widespread means of payment: the payment card? What if one could link applications to payment cards, essentially turning what’s already in consumers’ pockets into a loyalty card, a discount voucher or a means of sending them digital receipts?
Device Ident will showcase its new solution to prevent online fraud in real time. Our product identifies and evaluates any device interacting with our customers’ online services, and analyzes history and behavior of the visiting device to prevent fraud and misuse for all our customers.
It is easily integrated into our customers’ online services and it fully complies with European privacy laws.
Watch a fully automated model bank with an unparalleled level of self-service giving both customer and bank imminent insight and control in the process.
Through our Web-based, mid-office portal, Five Degrees offers the potential of enormous business benefits in terms of efficiency in adapting new business processes on the go. As today’s market demands, our open services hub integrates with external services like KYC checks, Passport Validation, and PFM.
Come and view the fast and instant response for the next banking generation: rapid deployment, rich customer experience, instant and transparent insight for bank and client alike.
Innovation type: Back office, banking, communications, sales
FreeAgent is the UK’s market leader in SME cloud accounting software. The FreeAgent platform’s capabilities extend far beyond traditional accounting software, and are developing toward performance and health measurement tools, providing vital information for both the businesses themselves and current or prospective lenders.
We will demonstrate how cloud accounting and the associated data creation, aggregation and interpretation functions can provide financial institutions with real-time insights into the underlying fundamentals and risk trends existing within a single business or across a base of clients.
Innovation type: Back office, lending, small business
GMC Inspire Dynamic Statement is an interactive and engaging way to present your customers’ statements, online or offline.
Instead of the standard online statements, GMC Inspire can generate thousands of dynamic statements in minutes, presenting your customers’ data through attractive charts and graphs that are fully clickable.
Areas that require attention and action can be highlighted and customers can even drill down to granular level detail, providing a fully intuitive service. GMC Inspire also allows you to track usage of every statement and use this data to populate relevant offers and marketing messages for every customer.
“To Buy or Not to Buy” is a white-label module for mobile banking applications that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would be if they saved the money and used it to feed their goal instead.
One unique aspect of this innovation i
s allowing the users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends.
PhotoPay provides the easiest and fastest way to pay paper and PDF bills using mobile devices.
Paying bills on a mobile phone is often difficult. Manual data entry is cumbersome and frustrating for smartphone users. PhotoPay has developed an advanced technology that significantly improves the mobile bill payment experience for both paper and electronic bills.
Banks and payment providers love PhotoPay because it can dramatically improve user experience and increase bill payments transactions. Our first bank customer has seen a 2,000% increase in mobile bill payments after implementing PhotoPay.
CNBC covers how SecondMarket is looking to move from trading Facebook to Pinterest.
TechCrunch reports Boku launched billing partnership with Sprint, giving it partnerships with all 4 major U.S. carriers.
Meniga’s PFM solution powers Sweden’s first Smartbank, launched by Skandia.
SecureKey adds 40 staff in past six months, reaches business and recognition milestones.
Lendio sees nearly 500% increase in matching businesses with small business loans.
Check Point launches free ZoneAlarm anti-virus/firewall combo.
Forbes features article by Mike Alfred, CEO of BrightScope, discussing the differing opinions he, Personal Capital and FutureAdvisor have on the role of financial advisors.
Fiserv to offer global ACH payments through partnership with Earthport.
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.
Seeking Alpha passes 1 million members, doubles its size in less than 2 years.
ThreatMetrix lands $18 million in Series D funding.
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.