Fintech Storm Payments Special 15 September 2015
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Register for Fintech Storm - Payments Special 15th September 2015 at http://fintechstormseptember2015.eventbrite.com In continued tradition of our stupendously successful Fintech Storm Series Genius Incubator Presents Fintech Storm - 15 September 2015 - Payments Special Come meet the disruptive thought leaders that are imagining the future of banking. We invited the most innovative payment firms. This is a Meetup not to be missed with talks and a round table where the movers and shakers of the hottest new industry - Fintech - will debate opportunities, and challenges of the new age bank! Register here: http://fintechstormseptember2015.eventbrite.com What: Fintech Storm featuring disrupters Meet the CEOs See Product Demos Join the Fintech Revolution! When: 6:00pm-9:00pm 15 September 2015 Where: Rainmaking Loft, International House 1 Saint Katherine's Way, London, E1W 1 UN 2 min walk from MOORGATE and 4 min walk from Liverpool street stations Read a review on Open Bank Special Fintech Storm 22nd July here - by Arifa Khan. https://www.linkedin.com/pulse/tale-apis-arifa-khan Read "besotted with blockchain.." By Fintech Storm Founder Arifa Khan https://www.linkedin.com/pulse/besotted-blockchain-arifa-khan See more at http://FintechStorm. Steve Emecz, SVP, Strategic Solutions, Powa Technologies Steve Emecz is SVP Strategic Solutions of Powa Technologies. Powa is an international commerce specialist that creates technologies to seamlessly integrate the physical and digital world. In 2013 Powa raised a British record series A funding of $156m leading to an expansion into 20+ countries. Steve’s main focus is global strategic solutions reporting directly to the CEO. Prior to joining Powa (and Venda) eight years ago, Steve held senior management roles for a decade within Xerox included responsibility for revenues in excess of $300m. Steve’s other main passions are book publishing and working with an children’s rescue and school project in Nairobi, Kenya. Powa is an international commerce specialist that creates technologies to seamlessly integrate the physical and digital world. The management team behind the Powa vision have over 15 years’ experience. Over that time they have seen and addressed the issues raised by early adopting consumers. The Powa suite of commerce solutions is made for a world where consumers hold the future in their hands – be it a laptop, tablet or mobile. With increasing choice, transparent pricing, dwindling loyalty and a multitude of buying channels it becomes ever harder for retailers to entice, satisfy and retain the newly empowered shopper. Powa removes the final barriers to instant global transactions. We’re here to serve the customer AND the merchant. PowaWeb is a SaaS cloud-based commerce platform that is flexible enough to always evolve with the market. PowaPOS is a hardware and software platform that customises the payment experience in store and on the move. PowaTag transforms consumer shopping behaviour by eliminating the wait between impulse and purchase online or offline. Sid Vasili , CEO Invapay Sid Vasili, chief executive of Invapay, the international business-to-business payment network he launched in 2007 is a watch aficionado. At Salon QP luxury watch show in London, he explained how the wristwatch he was given on his 21st birthday formed the basis of a priceless collection of vintage watches (valued at over $1.2m and is still growing). Founded in 2008, Invapay is a FCA regulated business which specialises in innovative procurement and electronic payment solutions. Global Corporations use the Invapay platform to manage purchases from tail end and one-time-only vendors from source to settle. The cloud-based trading and payment platform is multi-language, multi-currency, multi-tax and VAT/Tax compliant, connecting corporate buyers and vendors worldwide. Invapay's unique payment engines have been specifically designed to optimise commerce by driving liquidity and cash flow into supply chain communities. Enhancing SME/SMB payment efficiency and early settlement leads to optimised cash flow for the business which helps growth and investment strategies. Invapay and its partner support the UK government in meeting their policy objectives of SME inclusion to drive economic growth. Invapay offers a cloud-based solution to the “spend tail” that many organisations have – the suppliers who probably account for just 10% or so of spend by value but by number may well be 80 of 90% of the supply base. The costs of dealing with these suppliers, in terms of onboarding, handling the administration of payments, recording and so on can be very significant for larger organisations who may have many thousands of such suppliers. Traditional P2P systems – from ERP providers or others – tend to be cumbersome for smaller suppliers (and indeed buyers). And other solutions, such as Purchasing Cards, have benefits but also disadvantages in terms of this part of the supplier population. For a start, many of these smaller firms won’t be approved "merchants" so simply don’t accept cards. Data provision back to the buyer can also be limited. So Invapay offers a platform that enables easy and rapid communication between buyer and supplier. Let’s say a buyer wants to use a small supplier for the first time. The buyer creates a basic purchase order on the Invapay system, which then asks the supplier for some simple information – a very stripped down supplier adoption process. Invapay runs a credit check / bank details verification on the supplier. Throughout the process, buyer or supplier can update the order, and after delivery of the goods or services, the network generates a VAT compliant electronic invoice on behalf of the supplier. The buyer has a range of options n terms of how they settle, including using their Purchasing Card programme or supply chain finance options and techniques like dynamic discounting. If the supplier is not a card merchant, Invapay settle with the supplier, but charge the buyer’s P-Card. The Card statement will then also show the supplier’s details (even though Invapay settled). And because Invapay can negotiate better merchant rates with the Card providers, they can give the supplier better rates than going direct, whilst retaining some margin to support the whole process. Buyers can also pay directly if they choose. So for suppliers, this provides a simple means for onboarding with big customers and doing business without a major administration overhead. They may also get the benefits of rapid card-type payment without having to be merchants and with lower fees than they might pay, as Invapay act as aggregators in the eyes of the Card firms. Buyers get the flexibility to choose different payment methods and potential financial advantages – for instance, that this spend counts towards any Card rebate programmes they may have in place. They also get an easy way to work with small suppliers, with rapid PO creation but also good control, including VAT compliance and level 3 spend data Sasa Skevin, COO Microblink (erstwhile Photopay) MicroBlink is a text recognition technology company that has been developing a powerful engine for mobile phone cameras for the past two years. The startup is in the business of selling its core technology to companies who might find it useful. “We are not an educational company, we are promoting our machine vision technology with PhotoMath,” co-founder and CEO Damir Sabol told me in a phone interview before Disrupt. Before PhotoMath, the company worked on PhotoPay, a service to simplify bill payments. Whenever you receive a paper bill, you can scan it and your bank will automatically pay it for you. MicroBlink licensed PhotoPay to 14 different banks around Europe. So how is this text recognition engine better? First, it works in real-time, meaning that you will get instant feedback on what you are scanning. Second, the company worked a lot on accuracy. While it doesn’t work with handwritten text, MicroBlink believes that the company’s accuracy is simply amazing. Finally, the startup provides ready-to-use SDKs for particular use cases, such as bill payments or equation solving. “We started developing our technology three years ago. Now, our technology is mature enough, so we are going to develop broader usages with it,” Sabol said. More profiles to come Arifa Khan Founder Fintech Storm Series Arifa Khan Founder Fintech Storm Series Read what the Londoners have to say about http://FintechStorm.com the spectacularly succesbrand monthly series Arifa Khan has built, here. Arifa Khan is a former investment banker in Private Equity led Leveraged Buyouts Mandate M&A transactions, a seasoned finance, strategy and operations executive based in the city of the London, with over 15 years experience in finance, specialising in Leveraged Finance/ Financial Sponsors Coverage/ Debt Products & Credit. She has worked with two suisse banks Credit Suisse & UBS. She has deep sector expertise in finance, operational insights, and the business acumen to forge big strategic partnerships. Arifa has independently advised companies of all sizes from pre revenue to deal sizes of GBP300m on venture capital funding, scaling, international expansion, strategy etc. As an investment banker she has executed LBOs of sizes upto several billion USD across Europe across verticals such as Healthcare, Media Telecom & IT, Financial Institutions. She is a thought leader on innovation and disruption in financial services and a sought after speaker on payments and fintech at international conferences such as ICBI’s Payments International in London Mar 17-20, and will be speaking at Women’s Economic Forum Goa May 7-11. She currently architects Wharton Distinguished Dinner Series for Wharton UK Alumni Club as a Wharton Club Committee Member, and is currently the Chairperson London Chapter for All Ladies League. Arifa has an MBA from The Wharton School of Business, a B.Tech degree from IIT Madras in Chemical Engineering. She is passionate about fintech and Blockchain. See her vision of Blockchain here. Read a review of Fintech Storm's recent event Open Bank / Marketplace Banking held on 22nd July here : "A tale of APIs.." By Arifa Khan Read "besotted with blockchain.." By Arifa Khan More company profiles to come.. Read more at http://FintechStorm.com Don't miss our spectacular Blockchain Special on 12th August with an unmissable line up of CEOs of Safello, Everledger, Coinsciences etc.. http://fintechstormaugust2015.eventbrite.com 12 August 2015 6-9pm at Rainmaking Loft. Join the only one of its kind debate on Blockchain. Don't miss our Payments Special on 30th September with an unmissable line up of Founders of Satoshipay, Applied Blockchain etc.. http://fintechstorm30september2015.eventbrite.com 30 September 2015 6-9pm at Rainmaking Loft. Join the only one of its kind live debate on Blockchain enabled Payments. Proudly sponsored by Powa Technologies See Fintech Storm in action here Register for Fintech Storm - Payments Special 15th September 2015 at http://fintechstormseptember2015.eventbrite.com In continued tradition of our stupendously successful Fintech Storm Series Genius Incubator Presents Fintech Storm - 15 September 2015 - Payments Special Come meet the disruptive thought leaders that are imagining the future of banking. We invited the most innovative payment firms. This is a Meetup not to be missed with talks and a round table where the movers and shakers of the hottest new industry - Fintech - will debate opportunities, and challenges of the new age bank! Register here: http://fintechstormseptember2015.eventbrite.com What: Fintech Storm featuring disrupters Meet the CEOs See Product Demos Join the Fintech Revolution! When: 6:00pm-9:00pm 15 September 2015 Where: Rainmaking Loft, International House 1 Saint Katherine's Way, London, E1W 1 UN 2 min walk from MOORGATE and 4 min walk from Liverpool street stations Read a review on Open Bank Special Fintech Storm 22nd July here - by Arifa Khan. https://www.linkedin.com/pulse/tale-apis-arifa-khan Read "besotted with blockchain.." By Fintech Storm Founder Arifa Khan https://www.linkedin.com/pulse/besotted-blockchain-arifa-khan See more at http://FintechStorm. Steve Emecz, SVP, Strategic Solutions, Powa Technologies Steve Emecz is SVP Strategic Solutions of Powa Technologies. Powa is an international commerce specialist that creates technologies to seamlessly integrate the physical and digital world. In 2013 Powa raised a British record series A funding of $156m leading to an expansion into 20+ countries. Steve’s main focus is global strategic solutions reporting directly to the CEO. Prior to joining Powa (and Venda) eight years ago, Steve held senior management roles for a decade within Xerox included responsibility for revenues in excess of $300m. Steve’s other main passions are book publishing and working with an children’s rescue and school project in Nairobi, Kenya. Powa is an international commerce specialist that creates technologies to seamlessly integrate the physical and digital world. The management team behind the Powa vision have over 15 years’ experience. Over that time they have seen and addressed the issues raised by early adopting consumers. The Powa suite of commerce solutions is made for a world where consumers hold the future in their hands – be it a laptop, tablet or mobile. With increasing choice, transparent pricing, dwindling loyalty and a multitude of buying channels it becomes ever harder for retailers to entice, satisfy and retain the newly empowered shopper. Powa removes the final barriers to instant global transactions. We’re here to serve the customer AND the merchant. PowaWeb is a SaaS cloud-based commerce platform that is flexible enough to always evolve with the market. PowaPOS is a hardware and software platform that customises the payment experience in store and on the move. PowaTag transforms consumer shopping behaviour by eliminating the wait between impulse and purchase online or offline. Sid Vasili , CEO Invapay Sid Vasili, chief executive of Invapay, the international business-to-business payment network he launched in 2007 is a watch aficionado. At Salon QP luxury watch show in London, he explained how the wristwatch he was given on his 21st birthday formed the basis of a priceless collection of vintage watches (valued at over $1.2m and is still growing). Founded in 2008, Invapay is a FCA regulated business which specialises in innovative procurement and electronic payment solutions. Global Corporations use the Invapay platform to manage purchases from tail end and one-time-only vendors from source to settle. The cloud-based trading and payment platform is multi-language, multi-currency, multi-tax and VAT/Tax compliant, connecting corporate buyers and vendors worldwide. Invapay's unique payment engines have been specifically designed to optimise commerce by driving liquidity and cash flow into supply chain communities. Enhancing SME/SMB payment efficiency and early settlement leads to optimised cash flow for the business which helps growth and investment strategies. Invapay and its partner support the UK government in meeting their policy objectives of SME inclusion to drive economic growth. Invapay offers a cloud-based solution to the “spend tail” that many organisations have – the suppliers who probably account for just 10% or so of spend by value but by number may well be 80 of 90% of the supply base. The costs of dealing with these suppliers, in terms of onboarding, handling the administration of payments, recording and so on can be very significant for larger organisations who may have many thousands of such suppliers. Traditional P2P systems – from ERP providers or others – tend to be cumbersome for smaller suppliers (and indeed buyers). And other solutions, such as Purchasing Cards, have benefits but also disadvantages in terms of this part of the supplier population. For a start, many of these smaller firms won’t be approved "merchants" so simply don’t accept cards. Data provision back to the buyer can also be limited. Sasa Skevin, COO Microblink (erstwhile Photopay) MicroBlink is a text recognition technology company that has been developing a powerful engine for mobile phone cameras for the past two years. The startup is in the business of selling its core technology to companies who might find it useful. Before PhotoMath, the company worked on PhotoPay, a service to simplify bill payments. Whenever you receive a paper bill, you can scan it and your bank will automatically pay it for you. MicroBlink licensed PhotoPay to 14 different banks around Europe. So how is this text recognition engine better? First, it works in real-time, meaning that you will get instant feedback on what you are scanning. Second, the company worked a lot on accuracy. While it doesn’t work with handwritten text, MicroBlink believes that the company’s accuracy is simply amazing. Finally, the startup provides ready-to-use SDKs for particular use cases, such as bill payments or equation solving. “We started developing our technology three years ago. Now, our technology is mature enough, so we are going to develop broader usages with it,” Sabol said. More profiles to come Arifa Khan Founder Fintech Storm Series Arifa Khan Founder Fintech Storm Series Read what the Londoners have to say about http://FintechStorm.com the spectacularly succesbrand monthly series Arifa Khan has built, here. Arifa Khan is a former investment banker in Private Equity led Leveraged Buyouts Mandate M&A transactions, a seasoned finance, strategy and operations executive based in the city of the London, with over 15 years experience in finance, specialising in Leveraged Finance/ Financial Sponsors Coverage/ Debt Products & Credit. She has worked with two suisse banks Credit Suisse & UBS. She has deep sector expertise in finance, operational insights, and the business acumen to forge big strategic partnerships. Arifa has independently advised companies of all sizes from pre revenue to deal sizes of GBP300m on venture capital funding, scaling, international expansion, strategy etc. As an investment banker she has executed LBOs of sizes upto several billion USD across Europe across verticals such as Healthcare, Media Telecom & IT, Financial Institutions. She is a thought leader on innovation and disruption in financial services and a sought after speaker on payments and fintech at international conferences such as ICBI’s Payments International in London Mar 17-20, and will be speaking at Women’s Economic Forum Goa May 7-11. She currently architects Wharton Distinguished Dinner Series for Wharton UK Alumni Club as a Wharton Club Committee Member, and is currently the Chairperson London Chapter for All Ladies League. Arifa has an MBA from The Wharton School of Business, a B.Tech degree from IIT Madras in Chemical Engineering. She is passionate about fintech and Blockchain. See her vision of Blockchain here. Read a review of Fintech Storm's recent event Open Bank / Marketplace Banking held on 22nd July here : "A tale of APIs.." By Arifa Khan Read "besotted with blockchain.." By Arifa Khan on LinkedIn Don't miss our Blockchain event on 12 August, Payments event on 15 September and Applied Blockchain / Payments event on 30 Sep http://fintechstorm.eventbrite.com
