FinovateFall 2011 Video Archives >> The Cool House of Financial Media


Website: www.chfm.nl
Blog:
www.eyeopen.nl/opinie
HQ Location:
Amsterdam, The Netherlands
Company Founded: December 2009
Product Being Demoed: eyeOpen matcher
Product Launched: June 2011
Metrics: Money raised to date: credit line of €5 million, Revenues: €400,000 in 2010, Website traffic: 70,000 monthly




Presenter Profile How they describe themselves: The Cool House of Financial Media launched its vertical financial search platform, eyeOpen, in beta in September 2010 and the final version on June 30, 2011. eyeOpen creates a new category in financial retailing 3.0, inserting itself between incumbent banks and their customers. eyeOpen is the first brand worldwide introducing the technology of matching (mobile & internet-driven financial planning) to the financial world. eyeOpen aims to help consumers make the smartest financial decision for their life. eyeOpen targets the mass market (age 25-45) and started in the Netherlands with the goal of expanding internationally to the larger European markets and the USA.

How they describe their product/innovation: eyeOpen introduces matching technology in the financial world. The eyeOpen technology enables the business models of a free internet-based financial planner that lets users put information from several sources onto a single screen and then recommends suitable products. In order to get a match for a suitable mortgage, the consumer answers 13 simple questions. Based on his profile, he will be presented with the option that over 1,000 people like him have chosen, and also with 3 product choices based on what over 500 financial advisors would advise people like him. The algorithm behind this model crunches over 2 million data points per consumer and is based on extensive market research.

Key Executives: Diederick van Thiel (CEO), Rosali Waleson (CCO), Ton de Jong (CTO)

Key Partnerships: MICompany (marketing intelligence), Moneyview (product databases), Fabrique (website visual & interaction design)

Key Customers: ING, Aegon, SNS, ABN-AMRO, UMG, FDC, Hypotheekshop

Contacts:
Bus. Dev., Press & Sales: Diederick van Thiel, CEO

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