Cyber and security professionals showed a charming willingness to provide personal information to a #fake #company with a fake #product set up for International #Fraud Awareness Week.
Financial Technology
EXCLUSIVE— Banking, like so many other industries in today’s world, is facing a diversity problem: and, just like the engineering or technological fields, the problem only gets worse the higher in the #company one goes. While companies are making concentrated efforts to hire more #women in entry or manager level positions, women in the C-suite …Read More
Bank Innovation
EXCLUSIVE— Ant Financial’s proposed merger with American #company #MoneyGram is officially dead: and, as of now, the money transfer service is out of suitors for a potential acquisition. The company’s other potential option for an acquisition, electronic #payments #provider #Euronet, is hesitant to make another offer even after yesterday’s reports that U.S. regulators blocked Ant […]
Bank Innovation
EXCLUSIVE – #Financial #crime detecting platform QuantaVerse has added a new AI-based #service to allow its financial institutions and banking clients better detect fraud and other crimes through audit investigations, as these crimes continue to be a major concern for #banks and non-banks alike. The new CAE (Chief Audit Executive) Checkup service unveiled today uses […]
Bank Innovation
EXCLUSIVE – #Payment protection #company #Earny will soon add #Visa to its list of partners in two to four weeks, Bank Innovation has learned. Discover will also be added to its list of partners. However, no definite timeline for its inclusion could be provided now. Based in California, Earny files payment protection #claims on behalf […]
Bank Innovation
#Ellie Mae, a cloud-based #mortgage origination #company, agreed to acquire #Velocify, a sales acceleration platform for $ 128 million in cash. The acquisition, which was announced yesterday, is expected to close in the fourth quarter of the year. Ellie Mae will combine Velocify’s management team with its Encompass CRM division, based on the announcement. According to announcement, […]
Bank Innovation
The lending business appears to be treating #Square well. The division of the #company responsible for providing loans to small businesses and Square sellers across its global network, Square #Capital, processed more than 400,000 business loans for the quarter, for a total of $ 251 million. This is up 64% from last year. Overall, the payments […]
Bank Innovation
Unless you have blocked all social media channels at once for the past few days, you have heard of #Fyre #Festival: a luxury, millennial-focused music festival (tickets sold for up to $ 12,000) that quickly turned chaotic. The now-cancelled festival organizers are currently facing a $ 100 million class-action lawsuit. Among those founders is Billy McFarland, a […]
Bank Innovation
Vista Equity Partners will acquire Canadian financial services provider D+H, and merge it with #Misys — financial software provider &8212; the #company announced today. The #merger will #create, what appears to be, a mega #fintech, serving 48 of the world’s top 50 #banks, among other clients, and generating about $ 2 billion in annual revenue &8212; or […]
Bank Innovation
Founded in 2013, #Contovista is a Zurich-based #company providing #banks with #personal financial management solutions that leverage big data, business intelligence and data visualization. (Finanzprodukt.ch was one of the first page who reported about this company in April 2013)
Contovista‘s portfolio includes a complete Personal #Finance Management (PFM) solution, a Finance Management solution for SMEs as well as Portfolio Analytics solution.
Its PFM solution uses advanced account statement visualizations that make it easy for online #banking customers to understand the dynamics of the account. Transactions are aggregated by category, tag or any other available dimension, enabling customers to analyze their spending habits easily and in real-time.
The company’s Analytics Engine translates unstructured financial data into structured data enriched with meta-information. This data forms the basis for the company&8217;s products in PFM, Business Analytics and marketing, and can further be leveraged to build custom applications.
Contovista&8217;s #software adds semantics to account statements by automatically categorizing transactions which can be enriched with custom tags, comments or documents.
Contovista Banking Experience from Contovista on Vimeo.
Contovista&8217;s solutions have already been integrated into Zürcher Kantonalbank. More integrations are expected to take place this year, according to a press release.
In March, Contovista raised funding from the Aduno Group, a Swiss specialist in cashless payments, which now holds a 14% participation in the #startup. The new capital was aimed at helping Contovista accelerate its growth and promote the company on the national and international levels.
For the Aduno Group, the deal enabled the firm to offer a full-featured PFM and innovative data analytics solutions to its customers and partner banks.
“Digitization affects all business segments and is gaining importance in the financial sector. This requires strong partnerships with #fintech companies such as Contovista,” said Martin Huldi, CEO of the Aduno Group.
&8220;Our customers want individual solutions that are user-friendly. With the personal financial assistant we can meet their requirements and enable our customers an attractive 360° view of their financial transactions. We are delighted about this strategic partnership and we are able to offer our partner banks a service which allows to benefit quickly and cost-effectively from these new technologies.&8221;
Qontis is another Swiss online PFM platform provider. The solution offers an overview of users&8217; personal finance details and includes a number of features including budgeting tools that can analyze a user&8217;s transaction history, cost optimization suggestions and capital accumulation support.
In August 2015, Qontis announced a partnership with St. Galler Kantonalbank to integrate the startup&8217;s PFM tool into the bank&8217;s e-banking platform. Qontis&8217;s PFM solution is based on Meniga&8216;s software, which has been providing over 20 banks with more than 35 million customers its PFM platform since 2009.
Meniga is the European market leader of white-label PFM and next-generation online banking solutions. Last year, the company signed a global contract to deploy its PFM solution across Santander Group markets.
Featured image by Pressmaster, via Shutterstock.com.
The post Startup Of The Month: Contovista, A Personal Finance Banking Software Company appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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