KERV Wins Innovation Jam Final Held by Temenos

KERV Wins Innovation Jam Final Held by Temenos
20.05.2016 12:30 pm

KERV Wins Innovation Jam Final Held by Temenos

Payments , FinTech StartUps , IT Innovations , Infrastructure

Temenos announces that KERV, the contactless payment ring, has won the first Innovation Jam final held by Temenos, the software specialist for banking and finance, at its annual Temenos Community Forum.

KERV brings fashion to a wearable contactless payment solution. A payment ring, KERV allows wearers to make payments anywhere in the world displaying the contactless payment symbol. There is no need for a card, PIN, bank account or smartphone. Initially working on a pre-payment basis, the company is also developing a token version. KERV can also be used to share data and access the home and office.

Phil Campbell, founder and CEO, said: “We are so excited to win and TCF has been an invaluable opportunity to be introduced to our target audience with the added benefit that they are already qualified leads. Our next step is to work with Temenos on how best to move forward.”

KERV, which received 25.4% of the votes at the TCF event attended by 1,200 delegates, is already available on the Temenos MarketPlace, a forum that showcases solutions that are guaranteed to work with Temenos’ core banking platform.

Second place went to FacePhi, a Spanish listed company that offers facial recognition to authenticate and identify users. Already adopted by almost ten banks, Selphi saves money, improves security and helps banks builds loyalty. The camera on a mobile phone is used to take a selfie, which is then used to interact with a bank’s mobile application.

This year’s three day TCF was held in Barcelona and the Innovation Jam finalists were selected at four regional heats in Miami, Singapore, Dubai andLondon. Voted for by peers, banks, analysts and fintech commentators, the top two from each heat were invited to Barcelona to pitch. A total of 12 pitched to the audience, each limited to a seven minute slot.

Ben Robinson, chief marketing and strategy manager at Temenos, said: “There were so many great ideas and they all have the potential to add revenues and create value for banks working in a really collaborative way. It’s about helping create an ecosystem where great ideas can quickly get to market, benefitting everyone involved – the Jammers, the banks, and the banks’ customers.”

Related News

Enfuce approved as an authorized payment institution

Finland's biggest fintech start-up Enfuce has been accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA)*.... Read more »

Dune London goes live with Klarna’s popular Pay later products

The Dune Group, one of the most influential global players in fashion footwear and accessories today announced an international partnership with leading global payments... Read more »

Cards Used For Half Of Payments For First Time Last Year

Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51 per cent) of all payments for the first time, according to the... Read more »

SumUp Supports Local Businesses with Gift Cards on Instagram and Facebook

UK-based payments service provider SumUp (www.sumup.co.uk) today announces a new experience to enable customers to... Read more »

Landesbank Berlin chooses SIA for the new payment card management system in Germany

Landesbank Berlin, Germany`s largest issuer of co-branded credit cards, has chosen SIA, European hi-tech company, leader in the fields of... Read more »

FSS Payment Gateway to Empower MSME Retail Merchants with Online Payment Tools

FSS (Financial Software and Systems), a globally leading digital payments technology  provider and a payment processor, announced today that it has enhanced... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel