Home News & events Press Releases 2012 Compass Plus enjoys success at FinovateFall 2012


Compass Plus enjoy success at FinovateFall 2012

FinovatefallFinovateFall 2012, a demo-based conference for innovative startups and established companies in the field of banking and financial technology, took place on 12-13 September in New York, USA. Over 1,000 attendees came together to watch demos of the 64 participating companies’ latest innovations. Compass Plus was honoured to be selected as one such company chosen out of the hundreds of applicants to present at this exclusive event.

Compass Plus gave a seven minute presentation showcasing their innovative open development banking platform, TranzAxis, using an example of one of the many cutting-edge products and services that this platform can provide: the issuance of virtual prepaid cards from NEYVA Bank. Using a kiosk linked to the bank, Compass Plus demonstrated live on stage how a virtual prepaid card can be issued in just seconds. This service, built on TranzAxis took NEYVA Bank just 15 man days to develop, from concept through to go-live.

"We were delighted to present at Finovate and with the response and interest our demonstration generated. Finovate is the only event in the industry that showcases innovations in the payments arena that go beyond industry trends and standard technology developments. Being able to share an example of what our open development banking platform, TranzAxis, is capable of live on stage was very exciting and we look forward to continuing to demonstrate the advantages of this platform well into the future" commented Maria Nottingham, CMO at Compass Plus.

About FinovateFall:

FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in New York City, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateFall is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/fall2012

About TranzAxis:
TranzAxis, an open development banking platform is created to enable the development and support of a great variety of innovative products and services covering the entire field of retail banking automation – from terminal driving and card management to loans and deposits. It offers the user a full set of application development tools (builders, designers, editors, debuggers etc.), as well as a set of specialist components that may be required in implementing diverse applications in the given field. TranzAxis was developed by Compass Plus.



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