Smart Engine’s Shopping Assistance Helps Banks Bring More Targeted Offers to Consumers

This post is part of our live coverage of FinovateEurope 2014.

Then, Smart Engine took the stage to launch its Shopping Assistance technology that helps banks take advantage of big data to bring consumers more targeted offers:

“We are demonstrating the next generation of our innovative Shopping Assistance functionality which adds an entirely new level of “big data” consumer profiling and multichannel targeting to our card linked offer bank loyalty platform. 

The cardholder checks in at the merchant store using the App or logs on to the web shop. Our consumer insight analytics in real time pushes relevant shopping offers and recommendations which match the cardholder’s preferences. The preferences are derived from the cardholder’s profile which we maintain consistently across all merchant sales channels. The cardholder checks out from the store using the Smart Engine App, paying for the purchase and redeeming a discount all in one go.”

Presenting Christian Bacher (Managing Partner) and Anna Bacher (Director of Sales & Bus. Dev.)

Product Launch: Q1, 2014

Metrics: Money raised to date: $8M, annual revenues: $950,000, number of employees: 35, shareholder structure: 60% – 2 private venture capital funds, 40% – management

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

HQ: Europe: Vienna, Austria, Asia: Hong Kong, China

Founded: December 2010

Website: smartengine.at

Twitter: @SmartengineNws

FinovateEurope 2014 Sneak Peek: Part 2

We are counting down the days and weeks to FinovateEurope 2014, our fourth Finovate event in London. On February 11 and 12, Old Billingsgate Market Hall will once again host two days of demo-only fintech presentations and high-quality networking with professionals from across the industry.

To help you get to know the companies presenting next month, here’s an introduction to another six innovators that are building tomorrow’s fintech today. See Part 1 for the first six. 

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Advanced Merchant Payments enables banks, merchant acquirers, and other institutional lenders to profitably offer short-term, unsecured loans to underserved small businesses in both developed and emerging markets.

Features:

• Proven, profitable, and scalable managed solution
• Requires minimal investment or technical development
• Complementary, value-add, product set supports customer acquisition and retention

Why it’s great:

AMP enables banks to profitably lend to those small business customers who might otherwise be underserved for reasons of cost and efficiency.

Thomas De Luca

Chief Executive and co-founder of AMP. Previously co-founded multi-currency payment processor Planet Payment, Inc. (NASDAQ: PLPM). Before that: Legal Affairs at American Express.

LinkedIn

James Phillip Lloyd

Director of Product Management at AMP. Previously Operations Delivery Manager for European payment service provider, Realex Payments. Before that: Strategy & Operations at Deloitte Consulting

LinkedIn

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Fiserv, the world’s leading provider of digital banking and payment solutions will demonstrate the next generation version of Mobiliti.

Features:

Mobiliti, Fiserv’s mobile and tablet banking platform, focuses on completeness, intuitive design and disruptive functionality.

Why it’s great:

Fiserv’s Mobiliti is the broadest and most disruptive set of features on a mobile device, without compromising the user experience.

Denis Zelensky

Is passionate about mobile and stays mobile himself: born in Russia, educated in the U.S., lives in London, and works with financial institutions across EMEA.

LinkedIn

Jonathan Atkinson

Pre Sales, Mobile Solutions

LinkedIn

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GMC Software Technology is a leader in the field of Customer Communications Management. GMC develops innovative software applications that enable businesses to transform the customer experience.

Features:

GMC Inspire Mobile Onboarding is a game-changing innovation that allows banks to attract, retain, and grow customers through real-time, interactive communication.

Antoine Hemon-Laurens

Is an expert in Customer Communications Management. He is Director of Mobile Product Marketing at GMC.

LinkedIn

Gary Jenkins

Product Manager for GMC Software Technology and has extensive experience in delivering Enterprise solutions into the financial sector.

LinkedIn

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Luxoft‘s iStockTrack is an innovative mobile application for premium & private banking services that offers state of the art user experience.

Features:

• Provides comprehensive customer experience for private & premium banking clients
• Offers unlimited sales capabilities to banks
• Reduces cost of service per client

Why it’s great:

iStockTrack is a toolkit that can be customized to fit business needs and corporate style in just four weeks.

Przemek Berendt

Global Marketing Vice President at Luxoft (NYSE: LXFT). Previously Luxoft Poland, Managing Director. Prior to Luxoft, Przemek was Business Development Manager at Betware.

LinkedIn

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Money On Toast is a revolutionary new service that allows clients to get fully-regulated, automated financial advice directly online.

Features:

• Clients can access FCA-regulated advice online via an algorithm-powered virtual adviser
• Automatically generates a suitability report
• Provides a fully compliant audit trial

Why it’s great:

Money on Toast is the first UK-based company to drive the way financial advice is delivered into the modern digital age.

Charlie Nicholls

Founder and managing partner of Money on Toast. Studied law at Cardiff University. Lives and works in London.

LinkedIn

Catharine Dodd

Manages the online advice service at Money on Toast. Based at the Chichester office on the south coast.

LinkedIn

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Smart Engine is a pioneer in the field of customer loyalty. We are drivers of innovation and leaders in personalized target marketing.

Features:

• Merging online and offline shopping world for retail customers
• Closer to the customer with real-time in-store targeting
• Increases customer lifetime value

Why it’s great:

Shopping Assistance adds an entirely new level of “big data” consumer profiling and multichannel targeting to our card-linked offer, bank loyalty platform.

Christian Bacher

Spent more than 20 years working at different top management levels in IT solutions for the banking and payment industry in Europe and Russia.

LinkedIn

Anna Bacher

Has more than 15 years of international experience in designing and implementing complex IT solutions for the banking and payment industry in Europe and Russia.

LinkedIn

Innovations at FinovateEurope 2014: Part 2

A week ago we introduced you to half of the companies that will be demoing their technologies on stage for FinovateEurope 2014.

Today we’re providing the second half of our scheduled roster for February.

For more information, and to get your tickets, visit our Finovate Europe 2014 page here.

Luxoft’s iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients.

Matchi is an innovative matchmaking platform for banks and innovators to establish collaborative relationships that deliver increased ROI for innovators and banks alike.

Meniga is Europe’s leading white-label PFM provider. The company helps banks improve their businesses through data-mining, cross-sales, and improved retention.

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

The Moneyer is the future of online Personal Finance Management.

Money on Toast delivers independent and whole of the market, FCA-regulated financial advice online via its algorithm-powered adviser.

MyOrder provides a m-commerce mobile app that serves businesses in parking, catering, and entertainment.

myWishBoard is the first crowdfunding platform for personal dreams and wishes.

NF Innova’s Personal Experience Module, a part of iBanking product suite, enables banks to offer their customers a truly unique and tailored user experience.

Nostrum Group has built a virtual collection product that automates and optimizes the delinquency management process.

Nous.net’s Spark Feed is a real-time financial data service that helps you understand and predict the markets.

payworks is the provider of a mobile POS, Software-as-a-Service platform that lets developers quickly build payment functionality into their shopper and merchant apps.

PhotoPay’s technology allows users to extract data from any document, paper or electronic, enabling billpay on mobile devices.

Pixeliris’s CopSonic is the first universal contactless mobile payment system powered by our unique technology based on sonic communication.

Plutus Software’s KreditAja credit sc
oring system is designed to better serve the unbanked and underbanked in Asia.

SaaS Markets is an enterprise cloud marketplace company whose MarketMaker platform helps FIs deploy their own branded, cloud-based business app store.

SmartEngine stands for personalization and target marketing. As pioneers in the field of customer loyalty, Smart Engine is a driver of innovation and a leader in personalized target marketing.

SoftWear Finance’s HACU PLATFORM enables banks to provide customers with the best possible user experience on any platform or device.

SQLI’s Augmented Banking is a new take at Online Banking. It is aimed at positioning a bank at the very center of people’s digital lives.

Temenos’s Treasury Management Dashboard tablet app has been developed for Microsoft Windows 8 and enables the transformation of treasury operations.

Tink is a free personal finance service that allows you to follow your money, where ever you are.

Tootpay’s solution is a mobile financial solution for payments, banking, telecommunications, and remittance industries.

Top Image Systems has leveraged its deep recognition and imaging expertise to develop a powerful suite of image processing applications for mobile devices.

Topicus Finan is a software vendor specializing in enterprise-level financial analysis. Its solution enables banks to provide self-service business lending processes for SMEs.

Toshl Finance is a personal finance manager made fun. Find out where your money is going, keep on top of bills and spending, and set up budgets.

Truphone, the innovative mobile operator, introduces the only global network-based recording solution for the Financial Industry.

Trustev provides a new approach to fraud prevention through a real-time, online identity verification platform, which ensures that merchants know exactly who they are selling to.

Yseop Sales Force Productivity Suite and its email writing application (YseMail) support financial advisors through the entire sales cycle.

Smart Engine’s Card-Linked Loyalty Platform Creates Personalized, Targeted Marketing

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

Next, Smart Engine demonstrated how its card-linked loyalty platform can benefit banks, merchants, and the end customer:

“1. Purchase history of bank payment transactions are analyzed and individual shopping behavior profiles developed 

2. Profiles are enriched with online shopping personalization results

3. The Smart Engine provides answers to three critical questions: Who? Where? Which delivery channel (online banking, Web, smartphones, email or SMS supported) – which allow retailers to communicate tailored offers to those bank customers with the highest purchase probability

4. Relevant bank customers receive attractive personalized offers. Card payments result in automated cash back to cardholders’ accounts

5. Location services and event-driven notifications optimize personalization experience

6. Retailers measure return and conversion rates

7. Banks optimize income from cards by extending card usage”

Presenting Christian Bacher (Managing Partner) and Anna Bacher (Director, Sales & Business Development)

Product Launch: Q2, 2011

Metrics: Money raised to date: $8M USD, annual revenues: $950,000 USD, number of employees: 35, shareholder structure: 60% – two private venture capital funds, 40% – management

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

HQ: Europe HQ: Vienna, Austria; Asia HQ: Hong Kong, China

Founded: December 2010

Website: smartengine.at

Twitter: @SmartengineNws 

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.

Smart Engine’s Loyalty Platform Benefits FIs, Merchants, and Users

Concluding the session before lunch, Smart Engine took the stage with its loyalty platform:

“Smart Engine is demonstrating the end-to-end process of offer creation, personalization, delivery to the bank’s client via smartphone, acceptance, purchase in accordance with the offer details, and merchant campaign reporting.

The tool can create personalized offers for new customers who are similar to existing customers by using metrics like number of times they shop, how much they spend, and their geolocation.”

Product Launch: Q2, 2011

HQ: Vienna, Austria

Founded: December 2010

Metrics: Number of employees: Vienna, Austria (HQ) – 28, Moscow, Russia – 8

Website: smartengine.at

Finovate demo video: Demo videos will be posted next week

Introducing Christian Bacher (Managing Partner) and Anna Bacher (Director Technology & Innovation)