Secret to banking: play it like a game

27th July 2017 – Properly developed and executed games enthrall its participants to be part of an activity for as long as gamers find it of interest. With the confluence of the Internet, social, mobile and digital, financial institutions are discovering the potential of gamification to draw customer engagement and drive loyalty in some cases.

“Treating financial services as a game is however the most transformational opportunity available to financial services executives looking for an opportunity to out compete the market. When we put our customer’s success at the heart of the product design process, framing everything in the context of a game, we force ourselves to answer fundamental questions around our purpose and relevance. When we do this, we unveil fabulous opportunities to provide consistently better levels of value and service,” he opined.

 

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Moroku helps banks differentiate from rivals

11th July 2017 – Nelson Holzner, newly appointed CEO of AEVI, talks to Banking Technology about the importance of innovation and simplification, and addressing real-life problems with working solutions. Holzner feels the lack of innovation from payments tech providers has been a real issue for acquirers and merchants. The competition is getting tougher as is the ability to differentiate from rivals. Add stricter regulations and often price ends up being the main differentiator.

AEVI considers its app store, the Global Marketplace, an ultimate collection of business-standard apps offered on a white-label basis. It is geared mainly towards SMEs, and offers cloud-based B2B apps for the day-to-day running of a business, including ERP, HR, CRM, inventory management and so on. The Global Marketplace was launched in 2015 and includes Moroku (Marrakash), Movylo (CRM), Swipii (customer loyalty and marketing), Docufy (document scanning and filing) and Homebase (employee management).  READ MORE

Moroku moves into the top 1% of Aussie small tech firms

7th June 2017 – Following a busy 90 days locking in our platform and global distribution strategy, Moroku has climbed the ranks to join the top percentile of Aussie startup techs and amongst some great company. The Techboard Ranking was established as a way of raising the profile of startups and young tech companies by helping to highlight trending or up and coming companies, those who are attracting greater mindshare. A key feature of the ranking is that we get input from a local panel of experts to identify startups and young tech companies that have got the Experts’ attention over the ranking period.  READ MORE

Weir calls on the sector to move beyond “startups”

June 30th 2017 The Australian Securities and Investments Commission is continuing with its plan to open new avenues for fintech startups to expand, last week signing a cooperation agreement with the Malaysian Securities Commission ‘SC’, following similar agreements with Japan and Hong Kong in recent months.

Colin Weir, founder of Sydney-based banking app creator Moroku says he is glad ASIC is “actively shifting the needle” by lowering barriers to entry for startups and “inviting us in to those kind of environments”. “The truth is that [Asia] is the engine room of the global economy,” he says. Weir believes that ASIC needs to set concrete goals to help the fintech ecosystem, which means deep-diving into the industry landscape and noting where competition is lacking and where there is a potential for innovation. “No one wants startups – what we want is strong healthy robust businesses in the marketplace,” he says. To that end, he notes that enabling startups “access to the regulatory sandbox” in the broader regional market “can only be good”.  READ MORE

NAB makes play for digital wallets whilst Moroku presents the future flipside

June 12th 2017 National Australia Bank will soon announce the next stage of the digital wallet market by launching an Android Pay service. NAB is said to be close to quitting the consortium of banks that unsuccessfully pitched to the Australian Competition & Consumer Commission to collectively negotiate with Apple, forcing the tech giant to open up the iPhone’s near-field communication antenna to their own digital wallets.  It’s pretty clear that bowing to the pressure of the banking industry in a relatively marginal market like Australia is not the Apple way. Integration a winner. As fintech niches like lending and payments rapidly become commoditised, the addition of value-added services is a prerequisite for survival. Local fintech Moroku’s distribution deal for its advanced point-of-sale software Marrakash is the latest example. .   READ MORE

Moroku Signs Distribution deal for Marrakash

June 7th 2017 As fintech niches like lending and payments rapidly become commoditised, the addition of value-added services is a prerequisite for survival. Local fintech Moroku’s distribution deal for its advanced point-of-sale software Marrakash is the latest example. Marrakash’s value for AEVI, a subsidiary of the world’s biggest ATM and POS supplier Diebold Nixdorf of Germany, is not so much vanilla payments as the software’s ability to integrate business, products, customers and payments systems into a single platform. It enables small to medium-sized businesses in the food and hospitality, retail and financial services industries to display a full product catalogue, create customer loyalty schemes and take secure card payments on the go.   READ MORE

Moroku ChoreScout World's 3rd Best Banking Innovation for 2017

Moroku’s www.chorescout.com has won 3rd place in the Temenos 2017 Innovation Jam.

There were 10 global finalists after the 5 regional heats with some strong competition. Each company was provided 7 minutes to pitch their story to the audience of over 1000 industry representatives from all over the world.

Delighted with where we’ve got to with this product and the awareness that this event and the subsequent availability of ChoreScout on the Temenos Marketplace should drive some decent traction. Indeed already today we have picked up leads in Australia, Canada, Lebanon and Africa.

Great job by the Moroku team to build an inovative product that is getting attention on the global stage with some great tweets from folk that really get the impact of making banking fun https://twitter.com/morokuapps

Misys and Moroku collaborate on gamification for money management

Misys, the London-based financial services software company, is collaborating with Moroku to bring gamification to educate the next generation on money management. The company says it is making gamification an integral part of its Misys FusionBanking Essence Digital platform to help banks educate the next generation on better money management. With research suggesting that consumers spend more than one billion hours a month playing mobile games, the case for gamification in helping banks to attract, engage and retain customers is compelling.   READ MORE

Moroku's gamification technology is getting some attention from the largest banks in the world

Fancy a game with that banking transaction? Most people don’t expect banking to be fun and pretty much want to get ‘in and out.’ But Sydney-based startup, Moroku, is changing that with gamification technology that is getting some attention from the largest banks in the world. CIO sat down with Moroku’s CEO, Colin Weir to discuss what motivated him to start the company and its core objectives.  READ MORE

Cuscal takes stake in Moroku

Cuscal, the nation’s key independent provider of payment solutions, has taken an 11 per cent stake in emerging fintech company Moroku, which provides a mobile banking platform in the cloud that facilitates customer acquisition. In the latest example of a partnership between an established financial services player and an ambitious start-up, Moroku will help Cuscal take its digital business to the next level. “Their expertise in app development will help broaden our own capabilities and allow us to enhance our digital and mobile offering, which is an increasingly important part of our clients’ product suite,” Cuscal managing director Craig Kennedy said. READ MORE

Moroku a Top Prospect in the Australian Fintech Sector

KPMG partner Ian Pollari, the co-leader of the firm’s global fintech practice and a key player in the creation of Stone & Chalk, estimated yesterday that there were now 200-250 fintech start-ups around the country, most of them aiming to disrupt or partner with legacy players in the financial services industry.  n conjunction with Mr Pollari and other experts, The Australian has identified teh country’s top prospects.  READ MORE