SumUp

Finovate Alumni News– March 26, 2013

By David Penn Posted on
Categories: Azimo, CSI globalVCard, CurrencyFair, Expensify, EZBOB, Fiserv, ID Analytics, Klarna, Lending Club, PayPal, Prosper, Rebirth Financial, SecureKey, SoMoLend, SumUp, TransferWise, Zopa
  • Thumbnail image for Finovate-F-Logo.jpgTransferWise featured in HuffPost Students United Kingdom.
  • EZBOB investor John Garfield profiled in The Telegraph.
  • Money.co.uk compares money transfers through Azimo.
  • Fiserv partners with Romania-based Eutron Invest to provide Cash and Logistics solution portfolio to the Romanian market.
  • Forbes looks at the “best of the best” debt crowdfunders including Lending Club, Prosper, Zopa, SoMoLend, Rebirth Financial.
  • SecureKey announced availability of its cloud-based briidge.net identity and authentication platform.
  • ID Analytics introduces fraud detection solutions for online retailers.
  • The Globe and Mail lists Expensify as 1 of 5 apps that take the bumps out of business travel.
  • Petter Made, co-founder and COO of SumUp, talks about the advantages of Dublin as a base for business.
  • Credit Union Times reports: Fiserv launches SpotPay.
  • Finextra reports G&D and PayPal team on pre-paid mobile top-ups in Brazil.
  • Practical eCommerce takes a look at Klarna Invoice for OSC programs.
  • CSI’s globalVCard wins top entrepreneurial prize at 2013 Innovation Project.
  • Newfination interviews CurrencyFair’s Brett Meyers.
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.

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Finovate Alumni News– March 25, 2013

By David Penn Posted on
Categories: Andera, Azimo, BankersLab, Corduro, eToro, Intuit, Kabbage, SumUp, Tradeshift, True Office, Tuition.io, Virtual Piggy, Yodlee

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  • Innovations in gamification help True Office win Computerworld Honors Program award.
  • Aiming for the enterprise: Mobile Payments Today features Corduro.
  • Azimo goes live on Google Affiliate Network.
  • American Banker reports: Randolph-Brooks chooses Andera’s online account opening platform.
  • The gamification revolution interviews Michelle Katics, CEO of BankersLab.
  • Kabbage takes home first place for Top B2B Innovation from PYMNTS.com.
  • Virtual Piggy taps into $10Bn Annual Market with epay Partnership.
  • eToro placed on the 2013 FinTech50 Watchlist, a shortlist of 50 companies in Europe that are redefining financial services through technology.
  • Macgasm features Tuition.io as 1 of 5 apps of the week.
  • Newfination interviews SumUp’s Florian Richter.
  • Tradeshift features Intuit’s Eric Dunn to talk about the recent partnership.
  • TechCrunch reports: Yodlee Interactive now powers financial data for 300 apps and businesses; on pace to surpass 500 in 2013.
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.

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SumUp Now Supports American Express Payments in Some European Markets

By Julie Muhn (@julieschicktanz) Posted on
Categories: SumUp

sumup_logo.jpg

European mobile payments company SumUp announced recently that it has added support for American Express in some of the European markets in which it operates.

Customers can make payments with an American Express credit card using either the traditional EMV method or SumUp’s new mobile payment method, SumUp Pay, that it demoed at FinovateEurope last week.

SumUpPayment.jpg

American Express payments are approved in the following markets:

    • Germany
    • France
    • UK
    • Ireland
    • Italy
    • Netherlands
    • Spain
    • Austria

Negotiations to accept American Express are still ongoing in Belgium and Portugal, the other two countries in which SumUp operates.

Unlike most merchants who accept American Express credit cards, those who use SumUp will not be faced with a premium fee. Instead, they will pay SumUp’s regular 2.75% per transaction fee.

In its press release, SumUp claims it will accept more types of cards in more regions than any other mobile point-of-sale technology provider worldwide.

SumUp’s demo video from FinovateEurope 2013 in London will be posted soon at finovate.com/archives.html.

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FinovateEurope 2013 in the Press

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Backbase, BBVA, Cardlytics, CurrencyFair, EZBOB, Finantix, FinovateEurope 2013, Kabbage, mBank, Meniga, Moven, SAGE SA, SumUp, Temenos, TESOBE, The Currency Cloud, Thomson Reuters, True Office

Here’s a look at some of the press coverage we received from FinovateEurope last week:

AllFacebook
Money-Transfer Service Azimo Integrates with Facebook
By David Cohen
American Banker

PressIMG.jpg

Cardlytics Brings Offers, Rewards to Bank Customers on Facebook
by Mary Wisniewski
True Office, Thomson Reuters Partner to Offer Gamified Compliance Apps
by Mary Wisniewski

Backbase blog
Backbase Unveils Amazon-like Digital Marketing Module at FinovateEurope 2013
by Prue Duggan

Bank Marketing Strategy
Moven From Mobile Banking to Mobile Money
by Jim Marous

Bankier.pl
mBank idzie za ciosem i pokazuje kolejne nowości
by Michał Kisiel 
Nowy mBank zapowiada mOkazje i przelewy wysyłane jak wiadomości

Banking Technology
Finovate Europe sees arrival of the Old Guard
by David Bannister
Temenos debuts LiveDesigner at Finovate Europe
by David Bannister

BankNXT
Finovate Europe 2013: Bank to the Future
by Auke Douwe

Berliner Morgenpost
SumUp will traditionelle Kassen abschaffen
by Jürgen Stüber

Computer World
Gamification trend could save banks from huge compliance fines
by Matthew Finnegan

Credit Union Times
Mobile Banking by Voice Next Up? Print Preview 
by Robert McGarvey

Datamonitor 
Finantix takes mobile banking to the next level

Ebests.com
Fresh from a $30m funding round, Kabbage looks beyond the US to launch its loans platform for UK SMEs
by Paul Sawers
SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
by Paul Sawers
El Economista
BBVA participa en FinovateEurope entre ´startups´ europeas
El País blog
Móvil y banca en España
by Álvaro Martín Enríquez
Financial Times
Eye-opening options
by Peter Williams
Money app aimed at Facebook users
by Duncan Robinson
Triumph of technology
by Peter WIlliams
Finextra
Moven gears up for launch
Temenos unveils LiveDesigner tool for Web application development
The Currency Cloud API integrated into Salesforce and Sage 50
Forrester blog
Finovate Europe 2013: Bank to the Future
by Auke Douwe Veenstra
Finovate Europe 2013: Digital Financial Innovation
by Benjamin Ensor
FX-mm
The Currency Cloud’s unique cross-border-payments-a-service capability available for leading enterprise software 
GoMo News
UK startup debuts mobile money app for Facebook
by Dave Evans
ICT journal
Huit innovations financières primées à Finnovate
by Hélène Lelièvre
Temenos étend sa gamme de solutions pour l’expérience utilisateur
by Bastien Brodard
Intelligent HQ
#Finovate NOW a new generation of Social Bankers
by Hayden Richards
FinTech News: #Finovate, #Gamification trends
by Hayden Richards
International Business Times
Sharing Money On Facebook Just Got Easier: Should Banks And PayPal Be Worried?
by Christopher Zara
Mapa Research
Finovate Day One Round Up
by Paul Merry
Finovate Day Two
by Joshua Grant
Money Marketing
Ian McKenna: New tech will drive down costs
by Ian McKenna
PandoDaily
Moven gives sneak peek of new mobile banking app
by Hamish McKenzie
Payments Journal
Kabbage Extends Its Small Business Funding Model To the UK
Payments Source
Cardlytics Searches for Issuer Adoption on Facebook
by John Adams
PR Web
Meniga Awarded its Second “Best of Show” Trophy at Finovate
Programmable Web
Integrate Cross-border, International Payments Processing with Currency Cloud’s XBPConnect API
by Eric Carter
Puls Biznesu blog
Taki będzie Nowy mBank
by EUGENIUSZ TWARÓG
RFP Connect
SAGE SA To Introduce BlackSwan Financial Platform at FinovateEurope 2013
Shiny, Shiny
Azimo lets you transfer money to your Facebook friends
By beccacaddy
Tamebay
Ezbob to expand to the US
By Chris Dawson
Kabbage announces UK launch at Finovate EU
by Chris Dawson
TechCrunch
Kabbage Brings Data-Focused Online Merchant Lending To The UK
by Leena Rao
Social Money Transfer Service Azimo Adds Facebook Integration To Squeeze Western Union
by Steve O’Hear
Telegraph
Now you can use Facebook for international currency transfers
By Justin Harper
The Next Web
Cardlytics’ transaction-linked ads for bank statements to get Facebook integration, as EU launch nears
by Paul Sawers
Open Bank Project aims to bring financial transparency to organizations with an API and Web 2.0
by Paul Sawers
P2P FX platform CurrencyFair announces $500m of transactions so far,
and vies fo $1bn in 2013 alone
By Paul Sawers
SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
by Paul Sawers
TICBeat
BBVA triunfa con Stockbuzz, una app que analiza el IBEX35 en Twitter
by Miriam Castellanos
Travolution
Azimo claims first with Facebook funds transfer service
By Travolution
VentureBeat
Kabbage brings its quick fix loans to UK merchants
by Christina Farr
Thanks to everyone who came and helped make this year’s FinovateEurope the biggest yet.
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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.

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FinovateEurope 2013 Best of Show Winners

By Jim Bruene Posted on
Categories: Best of Show, Credit Agricole, ETRONIKA, FinovateEurope 2013, mBank & Efigence, Meniga, Moven, Movenbank, Pockets United, SumUp, Virtual Piggy

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 Efigence for their Facebook & social platform 
  • Meniga for its PFM platform, including “buy” vs “not buy” feature
  • Moven (Movenbank) for the worldwide launch of its mobile-optimized bank
  • Pockets United for its group purchasing mobile solution
  • SumUp for its mobile point-of-sale system
  • 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.

———-

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.

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SumUp Demos Payment Acceptance Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2013, SumUp
This post is a part of our live coverage of FinovateEurope 2013.

Thumbnail image for SumUpHiLogo.jpg

SumUp just started its demo featuring a payment acceptance platform:
“SumUp’s payment card acceptance platform helps the millions of small businesses that are missing out on customers because they cannot accept card payments. Traditional card terminals are expensive, with high monthly fees and long contract durations. SumUp’s payment dongle 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 iOS and Android app, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.”

Product Launched: Q1/2 2013
HQ: Dublin, Ireland
Founded: August 2011
Metrics: Completion of a two-digit million EURO funding round in Q2 2012, over 130 employees across 10 countries
Website: sumup.com
Twitter: @SumUp_UK
Presenting Stefan Jeschonnek (Co-Founder & CMO) and Florian Richter (Country Manager UK)
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Finovate Alumni News– February 6, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Acculynk, Cortera, Experian, Ignite Sales, SocietyOne, SumUp, ValidSoft
  • Finovate-F-Logo.jpgLend Acadamey reports: SocietyOne May Be the Most Innovative P2P Lender on the Planet.
  • American Banker reports: Experian providing prepaid card service provider Cardplatforms with its global authentication services.
  • ValidSoft’s Secure Mobile Architecture for Real-time Transactions selected to be an integral element in Spindle’s payment acceptance service.
  • Cortera’s Pulse is winner of the 2013 SIIA CODiE Award for Best Business Information Solution.
  • SumUp partners with blue solution software to integrate API into Top Reparatur.  See them demo at FinovateEurope next week.
  • Acculynk‘s PayLeap reaches strategic agreement with Spindle to integrate platforms.
  • IgniteSales reports 100% revenue growth for 2012.
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.

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FinovateEurope 2013 Sneak Peek: Part 2

By David Penn Posted on
Categories: Backbase, Biletu, Birdback, FinovateEurope 2013, Heckyl Technologies, Holvi, Kalypton, mBank & Efigence, Metaforic, Pockets United, rplan, SumUp

FEU13Logo.jpg

Here’s part 2 of the sneak peek of the companies that will demo at FinovateEurope on February 12 and 13 in London. 

Each company provided a short summary of the innovation they will debut on stage. We published 27 last week and we will complete the preview next week.

Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateEurope ticket here.

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Backbase

Thumbnail image for BackbaseLogo.jpg

Digital Marketing professionals can use Backbase purely for digital marketing purposes: e.g. collecting user behavior and running campaigns in specific sections of existing websites and platforms, then assigning certain areas where Backbase collects data and shows campaigns.

With Backbase you can now start small. Just embed in your existing site and expand from there, creating a full cross-device user experience platform.

Innovation type: Marketing, mobile, online

heckylLogo.jpg

Heckyl FIND (Financial In News & Data) is real time news and data analytics platform for retail traders and brokerages.

FIND is integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment and market data to help traders find trading opportunities in this fast moving market.

FIND helps you explore new ideas and keep pulse on current business events/issues.  Whether you are a short term trader, investor, or fund manager – whether you prefer equities, futures and options, forex or commodities – you will find a wealth of information that matters to you streaming at your fingertips.

Innovation type: Investing & asset management, online

Holvi

Thumbnail image for HolviLogo.jpg

Holvi is the long tail of retail banking. It changes the whole concept of the bank account from a passive utility to an active enabler of any activity. Out-of-the-box Holvi comes with built-in payment acceptance, tools for financial understanding and the ability to share it with a group. We bring in building blocks from our banking and payments partners that our customers can add to their Holvi accounts.
Holvi is used by small businesses, non-profit organisations, projects and individuals. Holvi is regulated by the FIN-FSA and is located in Finland. Holvi is launching Europe-wide in 2013.

Innovation type: Online, payments small business

Kalypton

Kalypton_hi-res_tereon.jpg

Point solutions for payments? Why limit yourself? Proven at scale in Africa, Tereon is a complete payments ecosystem and toolkit designed to support rapid innovation.

With Tereon, you can implement any number of innovative products and payment services, be they point solutions or new networks. You can support any business logic, and you can use existing core systems and settlement processes to provide secure, inter-operable, account-to-account, payments that meet stringent regulatory standards.

We will demonstrate a four-party deployment that supports payments from phone to phone, phone to card terminal, card to terminal and on-line in multiple currencies.

Innovation type: Banking

Metaforic

MetaforicLogo.jpg

Metaforic has a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.

For financial institutions that have a lot of mobile developments underway, Metaforic technology can be integrated with existing developments at the end of the software development lifecycle. This technology is an automatic process not requiring significant developer time or security expertise.

Innovation type: Security

Pockets United

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Pockets United occupies a hot space: carriers see their business threatened by all-encompasing data flats, while traditional banks and credit card companies see payment shifting to mobile devices – whose users are owned by the carriers, ultimately leaving both seeking for differentiators.

BAM! ‘Social’ is the next big thing in mobile payments, yet it is not easy to implement for existing PSPs or banks. A category killer in this field must be social by design.

Think of us as Paypal, just with a lot more pal – and get excited about a cutting-edge user experience that is fun to use day after day! Because, after all, dividing expenses should lower the burden for all, not cause additional effort for some.

Innovation type: Mobile, payments, PFM

rplan

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Investing can be time-consuming. rplan has created a simple, easy-to-use tool to create your own personal investment portfolio from over 2,400 available investments to find the ones best suited to you.
rplan is for customers who want choice, but who don’t want to become finance specialists just to manage their investments – because there are better things to do in life than researching mutual funds.

Innovation
type: Investing & asset management, online, PFM

SumUp

SumUp_hi-res-2.jpg

SumUp’s vision is to change commerce on a global scale starting with a real and existing payments problem.

Today, millions of small businesses are missing out on customers because they cannot accept card payments due to high fees and long contract durations. SumUp offers the easiest way for small businesses to accept card payments. 

Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.

SumUp will demo a new cashless point-of-sale solution that will radically simplify the way people pay in every day life.

Innovation type: Cards, mobile, payments, rewards

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