Finovate - Conferences Showcasing the Future of Financial & Banking Technology
Check out FinDEVr


TopicsTopics   TopicsArchives  

Recently in BehavioSec Category

Alumni News-- February 18, 2015

  • Mitek launches Commercial Mobile Deposit Capture, bringing MDC technology to the enterprise.
  • Malauzai reports doubling revenues, growth of customer base to more than 300 community banks and credit unions.
  • D3Banking adds to leadership team with four new appointments.
  • Bluefin Payment Systems to provide Decryptx point-to-point encryption (P2PE) solution to Heartland Payment Systems' clients.
  • Temenos purchases Akcelerant to accelerate growth in North America.
  • Lending Club partners with BancAlliance, a national consortium of 200 community banks.
  • Fast Company lists BehavioSec, Ripple, Braintree, Expensify, NICE and BlueVine as top innovative companies in the Money category
  • PYMNTS discusses retail's adoption of mPOS with Bluefin Payment systems.
  • ayondo clients now receive free access to real time analysis tools from StockPulse.
  • Kantox using Apply Financial's API to enhance customer service and enable more integrated international payments.
  • TechFlash interviews Payfone CEO and co-founder Rodger Desai.
  • Stockhouse: TIO Networks poises to capture major portion of mobile payment market.
  • USA Today highlights for student debt management.
  • Code CU to use Insuritas for insurance agency solution.
  • Coinbase Android and iOS apps now available in 11 new languages.
  • Global Financial Private Capital selects HiddenLevers to help advisors grow their practice.
  • Tradier's API takes 15 million production calls in Jan, a 33% increase in a single month.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alums Populate the FinTech50

Looking for the most innovative startups in fintech? The FinTech50 is a great place to start.

It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity's panels of judges as being "game-changers transforming the future of finance," nearly half are alumni of Finovate conferences - including our upcoming event in London.

Here is the list of alums in alphabetical order:
According to Chris Skinner, who was one of the panelists, more than 700 companies competed for spots in the FinTech50. The selection panel included veterans of finance and technology from companies ranging from American Express and Google to Silicon Valley Bank and UBS. The FinTech50 winners were announced at an invitation-only event in London.

Speaking of London, Five Degrees, InvoiceSharing, Ixaris, mBank, and Trunomi will be in town next month, demonstrating their latest solutions at FinovateEurope 2015, February 10 and 11. More information on the event available here.

Alumni News-- January 30, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgWipro wins multi-year, IT outsourcing contract from Allied Irish Banks (AIB). Join Wipro in London for FinovateEurope 2015 next month.
  • The Financial Services Blog features more than 20 Finovate alums in its look at the 50 most innovative FinTech firms.
  • MasterCard PayPass partners with St. Petersburg Metro to bring contactless payments to Russian subway.
  • Blackhawk Network unveils Blackhawk Engagement Solutions to build customized incentive and rewards programs.
  • FinovateEurope 2015 Sneak Peek: Part 6 is now up.
  • American Banker highlights Cloud Lending's role with banks.
  • PYMNTS interviews TSYS Merchant Solutions' Tom Boyer about changes in the payments acquiring space.
  • Bolstr Raises $1.7 Million in Seed Funding.
  • The blog herald shares an infographic detailing online security methods: Nymiband, Myris, Eyeverify, BehavioSec, Entersekt.
  • Lifehacker features Betterment, Mint, Personal Capital as tools to manage your investments.
  • Bitcoinist features Bitbond. Check them out at FinovateEurope February 10 & 11.
  • BetaBoston: After a successful 2014, student services company SimpleTuition rebrands as Valore.
  • Mitek Q1 revenue up 21% YOY; reports 3,300 financial institutions now signed & 2,700 live.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- January 15, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv launches its mobile card management app, CardValet.
  • Monitise teams up with the MoneyPass Network to offer Mobile Money services and card control functionality.
  • Misys adds DTCC connectivity to its Regulatory Reporting Service.
  • Partnership between MasterCard and Movistar brings mobile money service to Peru.
  • Benzinga columnist profiles Market Prophit in his look at Apple, Facebook, and JP Morgan.
  • Yodlee now powering 80 financial solutions for smbs.
  • PlanetBiometrics profiles Neil Costigan, BehavioSec CEO.
  • D3 Banking reveals 2015 plans to release digital offering for bank's SMB customers & launch SaaS-based offering.
  • Kony receives the highest scores in 3 out of 4 use cases in New Gartner Report: Critical Capabilities for Mobile Application Development Platforms.
  • TIO Networks partners with City of Baltimore to launch mobile phone bill payments for residents.
  • James Dotter, Utah Business' 2013 CFO of the Year, joins MX as CFO.
  • FreeAgent offers £5k tax bill prize to ease Self Assessment woes.
  • Algomi reports strong growth, plans to triple U.S. staff.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

In the past few years, we've witnessed the evolution of security beyond usernames and passwords. Founded in 2009, BehavioSec is one of the forerunners of this trend; making security invisible to the end user.

Today, the Swedish company announced $6.2 million (€5 million) round led by Northzone and Octopus Investments. Existing investors, Conor Venture Partners and Partner Invest Norr, also contributed.

A 2011 installment of $500k and a 2008 round of $1.2 million bring BehavioSec's total funding to almost $8 million.

BehavioSec plans to use the funds to:

    • Accelerate international growth
    • Expand presence in the U.K. and U.S.
    • Support existing clients
    • Invest further in existing products

The uptick in recent security hacks has brought about increased approval for the use of biometrics. From Apple's TouchID to Nymi's Nymi Band, companies and customers are growing accustomed to using physical assets for authentication. BehavioSec takes a slightly different approach. Instead of authenticating using a person's physical attributes, it verifies an identity by passively observing how they interact with their device.

This week, BehavioSec welcomes three new board members: Simon Andrews of Octopus, Bjorn Stray of Northzone and Chris Barchak of Conor Venture Partners.

BehavioSec has won awards most recently at FinovateEurope 2014 and FinDEVr. It has won Best of Show at FinovateAsia 2013 and FinovateSpring 2012.

Alumni News-- November 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSpend Matters features P2Binvestor and its crowdfunding approach to providing credit to small businesses.
  • POTs and PANs looks at biometric authentication innovators, EyeVerify, BehavioSec, and BioCatch.
  • Best Advice explores EZBOB's strategy to attract SMEs to online lending.
  • Bank of Internet USA to deploy IntelliResponse virtual agent technology.
  • First Annapolis' The Navigator Newsletter interviews Sebastian Siemiakowski, CEO of Klarna.
  • Fastacash, Heckyl Technologies, Kabbage, Linkable Networks, and Nomis Solutions named to Red Herring Top 100 Global.
  • Investor Intel mentions Patch of Land and Realty Mogul in column on helping baby boomers participate in real estate crowd funding.
  • Azimo to join London mayor Boris Johnson's trade mission to Malaysia and Singapore.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- October 7, 2014

  • Finovate-F-Logo.jpgMatchi opens global fintech challenge 
  • New Frontier Group to integrate BehavioSec's behavioral authentication solution in online banking.
  • Boku acquires competitor Mopay, now covers 5 billion users.
  • BBC: Wonga to write off £220m of debts for 330,000 customers.
  • Financial Planning features FutureAdvisor.
  • Tradeshift announces new operations in Japan and Europe, new executive appointments.
  • Merchant Customer Exchange (MCX) partners with InComm to leverage its POS integrations.
  • launches Financial Education Courses.
  • Vista Equity Partners to take Tibco Software private for about $4.3 billion.
  • Expensify announces $3.5 million round led by Barracuda Networks.
  • Blockchain raises $30 million in growth capital.
  • Credit Karma announces equity investment of $75 million; $1 billion valuation.
  • Spreedly announces new investment; raises $750,000 in equity financing.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- October 3, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinDEVr award winner Yodlee launches IPO; raises $75 million in Thursday debut.
  • It's a wrap - FIS announces completed acquisition of Clear2Pay.
  • Boku partners with O2, EE, and Vodafone in bid to boost non-digital e-commerce.
  • Congratulations to the first FinDEVr award winners: Avoka, BehavioSec, PayPal, and Yodlee.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr San Francisco 2014: Award Winners


Q. What's better than being one of the more than 400 industry professionals attending the very first FinDEVr conference this week?

A. Being one of the four companies to walk away with one of the very first FinDEVr awards, that's what!

Four companies were selected as favorites by attendees here on Day 1 of FinDEVr San Francisco 2014. Attendees were challenged to choose between entertaining and informative presentations, exciting new technologies, and fascinating innovations that push the envelope of what is possible when commerce and science, technology and finance come together.
Remember that FinDEVr continues tomorrow on Wednesday with a full, multi-track day of workshops, presentations, and networking. We'll build on the momentum from Day One to bring you the latest in SDKs and APIs, tools and platforms, that are already paving the way to the fintech innovations of tomorrow. Visit our registration page today to grab a spot.

So without further ado, here are the favorite first-day presentations in alphabetical order:

Thumbnail image for AvokaLogo.jpg
Avoka for its engagement platform that enables omni-channel account opening in 60 seconds.

Thumbnail image for Thumbnail image for BehavioSecLogoFEU14.jpg
BehavioSec for its mature identification system that uses behaviour analytics to provide real-time security.

PayPal & Braintree for its construction of new breeds of payment platforms, API standards, and identity systems.


Yodlee for its Interactive APIs that provide authorized access to real-time data for customer accounts.

Notes on methodology:  

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
2. Attendees were encouraged to note their favorites. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: "Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed."  
4. The four companies appearing on the highest percentage of submitted ballots were awarded trophies.  

This post is part of our live coverage of FinDEVr San Francisco 2014.

BehavioSec demoed its behavioral biometric ID authentication system.

BehavioSec Offers the Most Mature ID System that Uses Behaviour Analytics

BehavioSec presents the latest in real-time security through the ability to monitor the way users interact with their device. By monitoring the environment and interactions such as typing rhythm or mouse patterns, our technology is able to recognize if someone other than the intended user is operating the device. If a security breach is detected, additional security measures can be carried out to prevent fraud and stop identity theft.
  • Robust proven technology with more than 10 million active users in 2014
  • Scalable with more than 500 million mobile transactions processed
  • High performance with more than 20 banks using the service
  • Available now for cloud or onsite deployment
Presenter: Neil Costigan, CEO & CTO and Josefine Ahl, Development Team Leader
Leaders in frictionless behavioral user verification & authentication, BehavioSec examines how you interact with a website or mobile device to provide a frictionless layer in web fraud prevention.

Twitter: @Behaviosec

One of the great things about FinDEVr is the way it gives us the opportunity to get to know both new companies and innovators as well as see familiar companies and innovators in new and exciting ways.

To this end, here is the first of three looks at another fifteen innovators who will be taking the stage on September 30, Day One of FinDEVr.

Click here for Part Two. Part Three is here.

Tickets are still available for the first event for fintech developers. Click here to save your spot today. And once you've registered, don't forget to join the community on Bizzabo.

BehavioSec is a leader in frictionless behavioral user verification & authentication. BehavioSec examines how you interact with a website or mobile device to provide a frictionless layer in web fraud prevention.

Keynote: Realtime Scoring of Behavioural Biometrics via Web Services
Presenting our web & mobile SDK, we deep dove into the back end services and show how easy it is to instrument a web site or mobile app with frictionless behavioral biometrics to add a new layer of security.

In an interactive session we are demonstrating a number of use cases of both real-time scoring and 'after the fact' biometrics forensics. We open up the client SDK to show the APIs, file formats, etc. In parallel we expose the typical integration points to see the architecture and the power the backend web service APIs offer developers to represent additional transaction security in a way that suits your organization's business needs.

Why it's great for developers:
  • Frictionless web or mobile fraud prevention via behavioral biometrics
  • Lite touch integration to deliver a new layer in security for web and mobile platforms

Bluefin Payment Systems is a leading FinTech company focused on processing, integrating, and securing payments. Bluefin offers P2PE, tokenization, mobile payment SDK's, payment gateways, merchant accounts, PCI Compliance, transparent redirect, recurring billing, and branded online merchant account enrollment.

Keynote: Bluefin, Point-to-Point Encryption (P2PE)
Bluefin is the only validated Point-to-Point Encryption (P2PE) Solution listed by the PCI Security Standards Council, North America. P2PE can reduce the scope of card data environment and related PCI requirements. Your software doesn't need to be PCI Compliant if card data is encrypted using P2PE.

Why it's great for developers:
  • Your software doesn't need to be PCI Compliant if you implement Bluefin's P2PE Solution.
  • Add P2PE to webpages/applications using keyboard emulation or HID version.
Bluefin is currently the only PCI Council-listed P2PE Solution. P2PE encrypts card data before it reaches your applications and protects card data from malware.

CardFlight is a leading provider of mobile POS technology and tools that makes it easy for anyone to accept swiped (card present) payments in any mobile app with virtually any merchant account. They offer both iOS/Android mobile payment applications and software development kits (SDKs) that can be incorporated into custom applications. CardFlight's platform also includes encrypted card readers and a payment gateway that supports over 20 different processors, to provide clients with complete mobile payments and mobile POS (mPOS) solutions. CardFlight won the Electronic Transactions Association's 2014 Technology Innovation Award.

Keynote: CardFlight SDK for Mobile Payments
The CardFlight SDK allows any mobile developer to build mobile point-of-sale functionality into his or her own mobile apps. CardFlight supplies three things:
1. Encryped mobile card readers that fit into the audio jack of any smartphone or tablet
2. Easy-to-integrate software development kits for iOS and Android, complete with developer-friendly documentation and support
3. A PCI Level 1 compliant payment gateway that works with all major processors/merchant accounts

This allows developers to easily process swiped credit card payments within their own apps without the complexity of typical payment integrations. By using the CardFlight SDK, developers can fully customize their user experience and keep control of their product, while being able to integrate payment data into their other back-end systems (CRM, inventory management, analytics and reporting, etc.)

The CardFlight SDK and gateway is compatible with merchant accounts from leading processors, including Braintree, Chase Paymentech, Global Payments, First Data, Stripe, TSYS and Vantiv.

Why it's great for developers:
  • We provide iOS and Android SDKs and a credit card reader to add swiped credit card payments to your application.
  • We process transactions through our PCI compliant gateway, eliminating your scope for PCI Compliance.
  • We integrate with all major processors (Stripe, Braintree, Balanced, etc.)
CardFlight is a leader in credit card payment enablement for mobile. We make it easy to accept swiped credit card payments in your own application, allowing you to keep your merchant provider, branding and customer experience.

Cloud Lending Inc., is an enterprise cloud lending solution provider. Our agile solutions are designed to empower lending businesses to simplify business processes, stay compliant an deb future ready.

Keynote: Cloud Lending Inc. - Enterprise Lending Software
Cloud Lending products enable financial institutions achieve scale and flexibility by moving the core back office to the cloud. Why did we choose Salesforce? The results that have been achieved by our customers using applications built on the platform - three digit growth every quarter.

Why it's great for developers:
  • It is end-to-end and supports multiple loan types
  • It is borrower focused
  • It addresses regulatory changes in a matter of hours
We run on Salesforce, leveraging both its CRM to track loan status form bid to re-payment and its ability to integrate with other native apps.

Concur is a leading provider of integrated travel and expense management solutions trusted by over 25,000 clients around the globe with over 25 million users. The Concur Platform allows developers to develop and market innovative solutions to the lucrative $1.23 trillion business travel market.

Keynote: Numbers, they don't lie ...
Concur processes more than $55 billion dollars in annual T&E spend for its 25 million customers. In this presentation, Mithun Dhar,  Director of Evangelism & Strategic Marketing, will walk us through and give insight into this spend and tell developers why its a great opportunity to tap into this lucrative market.

Why it's great for developers:
  • Access to 25 million business travelers
  • Access to more than 25,000 businesses that use Concur
  • Insight into over $55 billion dollars of annual T&E spend
Business travel is a $1.12 trillion industry, with U.S. business travelers logging 460M trips a year. The Concur Platform allows you to tap into this lucrative market.

Click here for Part Two of our three-part look at another set of companies that will be presenting and holding workshops at FinDEVr on Tuesday, September 30. For Part Three, click here.

And if you missed our previous editions of our FinDEVr Preview, the links below will help get you up to date.

Alumni News-- September 4, 2014

  • Finovate-F-Logo.jpgThreatMetrix to provide location-detecting solution help institutions meet the Treasury Office's international business regulations.
  • LifeHacker: ReadyForZero tracks your debt and helps manage your credit score.
  • Graphic Packaging Holding selects Taulia to provide its Business Exchange program to optimize the organization's payables process.
  • features BehavioSec. Come see its presentation at FinDEVr.
  • Jane J. Thompson joins OnDeck Board of Directors.
  • Wallaby Financial launches Android Wear app.
  • PayPal extends fingerprint authentication to Samsung Note 4 and Gear S.
  • EverBank partners with FIS to bring PeoplePay to its banking customers.
  • features Check among three nightmare-reducing money disruptors.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- August 28, 2014

  • Finovate-F-Logo.jpgPymnts features PayPal's OneTouch mobile payments app.
  • American Banker considers how banks are looking closely at how BillGuard uses geolocation to prevent fraud.
  • Taulia launches to help corporations support the White House's SupplierPay initiative.
  • IBM and Monitise expand partnership to combine IBM's sales and specialist resources with Monitise's Mobile Money services.
  • feature on lending shares observations on consumer credit from Lending Club.
  • Forbes column on natural language processing features Narrative Science and Yseop.
  • profiles BehavioSec in its Stockholm category of "Europe's hottest startups" in 2014. See BehavioSec at FinDEVr this fall.
  • CopSonic joins the FIDO Alliance.
  • Markets Media features interview with Avoka CEO Phil Copeland.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- August 27, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMonitise announces digital commerce and resourcing alliance with IBM.
  • ThinkAdvisor takes a look at the deal between the San Francisco 49ers football team and Wealthfront.
  • The Globe and Mail profiles David Lloyd and IntelliResponse as part of its Innovators at Work contest.
  • Fortune magazine column discusses Ripple and the "Internet of value exchange."
  • ValueWalk: FutureAdvisor can be used as a free tool to rate your own investment decisions or a low-cost asset management service.
  • Chicago Tribune's Blue Sky Innovation visits Bolstr for video interview.
  • CEO and co-founder Rene Lacerte writes about the "new sharing economy" for
  • CashStar announces spot in Inc 500|5000 for a second year in a row.
  • EyeVerify opens new offices to accommodate recent growth.
  • Locaid partners with Danal to leverage location services in fight against financial fraud.
  • Wallaby Financial named finalist in Samsung Gear App Challenge 2014.
  • ZDNet: Xero continues march into U.S., launches partner marketplace.
  • The Independent looks at how BehavioSec uses behavioral biometrics.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- August 11, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMisys announces acquisition of Custom Credit Systems.
  • Wipit brings omni-payment functionality to its prepaid cash mobile wallet.
  • LendUp partners with MoneyGram to enable real-time offline loan repay.
  • Barclays Pingit adds eGift options through Blackhawk Network partnership.
  • WSJ reports how Wealthfront, Betterment, Future Advisor, Personal Capital, and Motif are changing the investment landscape.
  • Wired UK Magazine lists BehavioSec as one of Euorpe's hottest startups. See BehavioSec at FinDEVr this September 30 through October 1.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- July 14, 2014

  • Webster Bank to deploy online banking platform from ACI Worldwide.
  • MasterCard's e-commerce enabler MasterPass launches in Poland.
  • Wall Street Journal features Klarna and its plans for expansion.
  • WSJ features BehavioSec. Get a closer look at BehavioSec at the very first FinDEVr.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News-- June 23, 2014

  • CEOs and founders from eToro, BehavioSec, TransferWise, The Currency Cloud, and Nutmeg earn spots on FN's 40 fintech leaders list.
  • Bill Harris, Personal Capital CEO, featured on CNBC to Personal Capital and how it differs from robo-advisors.
  • Investment News looks at the humans behind FutureAdvisor's robo-advisors.
  • Betterment adds municipal bonds asset class to make client's non-IRA portfolios more efficient.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- March 28, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMambu wins Cloud Computing Innovation of the Year awards at 2014 FStech Awards.
  • Nostrum Group ranked 9th in GP Bullhound's Northern Tech 50.
  • Global Payments to offer MasterCard's MasterPass digital payments solution.
  • New partnership means V&D customers will be able to pay via Klarna.
  • Innotribe interviews Kantox's CEO, Philippe Gelis.
  • BBVA and Google sponsor developer competition for SME business apps geared toward Spanish, Latin American markets.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
In our final behind-the-scenes look at companies that demonstrated at FinovateEurope last month, we talked to Avoka, BehavioSec, The Currency Cloud, and Efigence (which demoed with IdeaBank). This range of companies covers everything from small business solutions and biometric security to Bank 3.0 makeovers and B2C2C currency exchange.

In case you missed any of the previous behind-the-scenes features, you can check them out below:


What they do
Avoka's online form-based transaction technology brings the form-filling process to a new level by supporting all channels and creating a seamless transition among them. With this solution, users can begin filling out a form on one channel, leave it, and pick it up on another channel where they left off.

    • 100+ employees
    • Offices in Australia, USA, and UK
    • Tier 1 & 2 Financial Services clients, government clients in USA, UK, and Australia
The experience
Users can begin their account opening experience on their mobile device. In this case, the user has started filling out a mortgage application. At the top, they are provided a tracking number which they can use to reference their application to a customer service representative.

The graphic below illustrates how the user, who began the application process on an iPhone, can resume filling out their mortgage application on a tablet. Since it picks up in the same spot that they left off, there is no need to enter the same information The phone on the right shows the same application on a smaller sized screen, which demonstrates Avoka's use of responsive design.

In the event the user has difficulty at a point in the application, they can call a customer service representative or opt to schedule a time for the representative to call them at their convenience. The customer only needs to provide their tracking number located on the screen of their device, and the representative will be able to see their progress and location in the form-filling process.

The customer service reps are given visibility into completely abandoned forms. They can view the customer name, their email address, and at which point they abandoned the form. This gives the CSR the ability tailor the way they follow up with the client, depending on where they abandoned the form.

Thumbnail image for BehavioSecLogoFEU14.jpg

What they do
BehavioSec is a leading Swedish IT mobile security company that specializes in behavioral biometric authentication. Behavioral biometrics is a way of verifying identity based on how users act and interact with everything from their desktop computers, to websites, to mobile devices.

    • Raised €1.5 million
    • 12 employees
Biometrics as Security's Cutting Edge
Anyone who fears that fintech professionals don't take security issues seriously enough would have to explain why BehavioSec continues to be a favorite among Finovate audiences.

In picking up another Best of Show award at FinovateEurope this spring, BehavioSec continues to impress with an argument that what's good enough for the security professionals at DARPA should be good enough for the consumers of financial products, as well.

keystroke-dynamics.jpgHow does BehavioSec's technology work? Keyboard strokes, swiping patterns and other gesture dynamics (pressure, speed, cadence) are as uniquely identifiable as fingerprints and arguably far more so than passwords and PINs. BehavioSec records these inputs as the user of the PC, website or mobile device goes about her business. 

If and when the technology encounters behavior that is inconsistent with how the user has interacted in the past - a different rhythm in the typing of the keys, a different pressure or an uncommon hesitation in the middle of a swipe or gesture, the attempt fails.
gesture-dynamics.jpgAll of this security is provided in real-time. BehavioSec also presents its data via a dashboard that makes it easy to monitor transactions as they happen or conduct forensic review afterwards. "If it isn't you trying to make a particular transaction," said Neil Costigan, BehavioSec's CEO, "who is it?" BehavioSec's platform makes it easier for banks and financial institutions to find out.

I caught up with Neil late in the day on Wednesday. The final networking period of the day was already underway and most attendees and presenters alike were milling around, drinks in hand, waiting for the Best of Show announcements later that evening.

We didn't have a lot of time, but it's always great to catch up with Neil and find out about the prospects of further behavioral biometric adoption by more banks and financial institutions.

"The takeaway? That's it's cool and it works," Neil said in response to a question about his technology's enduring appeal. He admits there is still a little mystique surrounding behavioral biometrics ("James Bond stuff"), and it cuts both ways, by impressing some and making others a little more cautious."

BehavioSec continues to have great success in the Nordic countries, where the company was founded, and Neil pointed to the 2.5 million people who will be using the technology at Denmark-based Danske Bank. And the company continues to be close with the U.S. defense industry. Stay tuned for news on that front in the months to come.

But the company is not resting on its laurels, looking to expand into more markets - and more kinds of markets - around the world. "The technology is proven," Neil said, "we don't need to invest in R&D." Instead he mentioned new fields, suggesting that the company has moved beyond investment on research and development to focus on new areas of business such as the account sharing problem for software licensing. 

And expansion into London is another option, particularly given the strong reputation many of the Nordic banks have in the U.K. "We're looking at offices and interviewing people for a UK presence," Neil said."It's an easy next step from the Nordics. We are similar in customer profile." 

"Also our references carry weight here," Neil said with a smile. "You walk around San Diego and say, 'I've got a bank in Norway' and they say, uh, what part of Wisconsin is that?" 

Thumbnail image for CurrencyCloudLogoFEU14.jpg

What they do
The Currency Cloud helps businesses make international payments faster, more affordable, more transparent, and more secure. The company's Payment Engine technology takes over and automates the entire process, from initial receipt of funds, through conversion to final payment.

    • Employs 42 staff members
    • Raised $8 million in funding
    • Has 50 new direct clients and more than 1,000 indirect clients on boarded since January 2013
    • Has 40,000 end customers
    • Processes payments in 40 currencies in more than 200 countries
    • Delivers 95% of payments within 24 hours
    • Processes $400 million in payments monthly
    • Clients include Finovate alums:
      • azimo
      • CurrencyTransfer
      • Fidor Bank
      • TransferWise
Giving Companies "Global ACH"
The Currency Cloud considers itself a technology company rather than a FX company, at heart. The company specializes in providing the infrastructure that makes it not only for businesses to make international payments, but for international payments companies themselves to do their business better. "We are very much in the background," explained Todd Lathan, Vice President of Marketing for the company, "We're B2B2C. We enable companies to have a global ACH."

This year at Finovate, the company showcased a new feature, Cash Manager, which allows customers to send payments in advance. This turns what is often a 5-6 day process using traditional methods, into a far shorter process for companies that make sizable, regular international payments. 

The idea of the Cash Manager came from customers. As CEO Michael Laven explains it, The Currency Cloud's customers seek help with two primary issues: speed and transparency. In the name of speed, the company's Cash Manager enables customers with predictable, end-of-month payment runs to pay in advance, taking days out of the payment cycle.

And in the name of transparency, the Currency Cloud has built a new notification facility that shows a complete chain of payments, the location of the funds and what transactions have been executed. From the Finovate stage, Laven cited a conversation with an attendee who said that "the major thing missing from their payment world" was precisely this kind of functionality. "We solved this problem and made it very, very easy," Michael said.

Click the image above to watch a video introduction to The Currency Cloud

Going forward, what goals for 2014 does The Currency Cloud have? Making the process even faster is a top priority, as is expanding the company's global footprint. This expansion will have to come on a country-by-country basis, due to the differences in regulation, and explains why the company looks to find and make partnerships in the areas they seek to expand into.

"It's all about where our customers are and what regulations they are operating under," Todd said.


What they do
Efigence creates a host of solutions from PFM technology, to online banking, and even currency exchange tools. At FinovateEurope, however, it teamed with IdeaBank to show off its platform that provides tools and data visibility for entrepreneurs to manage their small business.

    • Founded in 1999
    • Product launched Q2 2014
The experience
The screenshot below shows the client dashboard that gives them an overarching view of the business' finances, cash flow, account balance, payments, and invoices. The responsive design interface works well on a variety of screen sizes, and the large buttons make it touch screen friendly. 

The top screenshot below shows Turbo Payments, a feature that recognizes monthly expenses and enables users to pay a suggested amount on those recurring items with the click of one button. Similarly, Turbo Invoicing recognizes recurring monthly invoices, and allows users to send multiple invoices with one click.

In the graph near the bottom of the screenshot below, the platform notifies the user if their cash flow is endangered, as indicated by the red zone that dips below zero. When the user clicks on the section to gather more information, they are presented with the option to repair their cash flow by applying for an instant loan or receive factoring services for multiple, unpaid invoices.

The system also has a Virtual Vault that can be used to store items like documents or photos. The files are encrypted and protected from unauthorized users, so it is a safe place to store and exchange sensitive files.

The video below shows the implementation of the solution with Poland-based IdeaBank:

FinovateEurope 2014: FinTech on Film

Thumbnail image for FinovateEuropeButtonicon(highres).jpg

Your plan to binge watch "House of Cards" just got a little more complicated.

The videos from FinovateEurope 2014 are now available in our Video Archive section. Two full days of demos. 67 presentations. More than 470 minutes of fintech innovation. No gorilla suits or no-look, laptop tosses this time around. But the two-day event did feature an entertaining performance by a precocious young investor, a pair of innovators in motorcycle helmets, and a Russian supermodel.

And if all that doesn't whet your appetite, here's a look at the demo videos from the nine companies awarded Best of Show honors this year. Click the image to go to the video page. 


Thumbnail image for BackbaseLogo.jpg

Thumbnail image for BehavioSecLogoFEU14.jpg
Thumbnail image for DynamicsLogo1.jpg
Thumbnail image for EtronikaHorizontalLogoNew.jpg
Thumbnail image for Luxoft_logo.jpg
Thumbnail image for MisysLogofkaINDGroup.jpg
Thumbnail image for TinkLogo.jpg

Thumbnail image for ToshlNEWLogo.jpg
Thumbnail image for yourwealth_hi_res_logo.jpg
This post is part of our live coverage of FinovateEurope 2014.

Then, BehavioSec demonstrated how its system can remove the burden of security from the end user:

"User-friendly, adaptive user authentication via risk based authentication, or behavioural biometrics, and the reality of legacy systems at our current customers.

BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy based behaviour authentication actions.

This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user."

Presenting Neil Costigan (CEO) 

Product Launch: April 2012
Metrics: €1.5M, 12 employees, university spin out
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed

HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:

AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.

BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.

Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.

eToro, for its social trading and investment network

ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.

Fidor Bank, for its innovative online banking community.

Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.

FreeAgent, for its SMB-focused online accounting system.

Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.

Holvi, for its smart checking account for group activities.

Ixaris, for its innovative global applications based on open-loop prepaid card schemes.

Klarna, for its e-commerce payment solutions.

mBank, for its Bank 3.0 approach to online and mobile banking.

Meniga, for its white-labeled PFM and next-generation online banking solutions.

Nutmeg, for its online savings and investing service that helps users manage their money.

The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.

TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.

Wonga, for its service that provides small, short term cash advances to UK consumers online.

Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.

  • Finovate-F-Logo.jpgDMG Consulting ranks NICE as the speech analytics market share leader for the fifth consecutive year, and as the contact center WFO market share leader for the first half of 2013.
  • Cachet Financial Solutions partners with YellowPepper to bring mobile deposit technology to Latin American Marketplace 
  • Midway Sewer District launches on doxo; more than 8% of customers go paperless in the first 90 days.
  • See BehavioSec's Best of Show winning demo from FinovateAsia 2013.
  • talks with Jonathan Hancock of TSYS on curbing card-not-present fraud.
  • Sage adds daily spending limits, funding rules to their Business Prepaid Visa Card mobile app.
  • American Banker reports: Lending Club Targets Small Banks with Personal-Loan Push
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateAsia 2013 Best of Show: BehavioSec

Thumbnail image for IMG_3344.JPG

Best of Show: BehavioSec

"Nice! BehavioSec is the most interesting bit of fintech so far today, but the day is still young! #finovateasia"

--Paul A. Chapman via Twitter (@pchap10k)

In winning Best of Show for a second time (the first was at FinovateSpring 2012 in San Francisco), Neil Costigan's BehavioSec revealed that it has plenty to show - and tell.

As a specialist in the field of biometric authentication, BehavioSec has leveraged its "continuously authenticating" algorithms to provide security solutions for e-merchants and mobile commerce.

And as a crowd-pleasing presentation of security technology, BehavioSec's keystroke and gesture pattern-based authentication demonstrates just enough of the "wow" factor to make audiences feel they are seeing tomorrow's technology today.

To see the video of BehavioSec's Best of Show winning demo, click here.

Thumbnail image for FA13BoSLogo.jpg
Why They Won:
  • Removes friction from the end user's experience
  • Uses biometrics in a practical way that doesn't require expensive, additional hardware
  • Adds a layer of security that transcends beyond the traditional PIN
Bottom Line:
  • BehavioSec emphasizes removing the burden of security from the shoulders of end users, and gives technology the ability to improve over time due to continuous authentication provide a unique solution in the security space.

Interview with Neil Costigan, CEO, BehavioSec

Finovate: When you won Best of Show at FinovateSpring 2012, you said the single most compelling benefit of BehavioSec's mobile security solution was "transparency" and a "fantastic user experience." What has been the most significant development in BehavioSec that has led to winning Best of Show again a year later?

Costigan: I think our success in the market throughout 2013 has led to a "feedback loop" where we have really gained customer suggestions to enhance the technology.
I think it shows that we listen and improve, and that we speak more from real world experience now.

Finovate: Also a year ago you talked about how your technology helped "identify abnormal behavior" and that you hoped to expand the solution by offering to help customers decide "appropriate next steps aligned with the level of risk." Have you continued down this path?

Costigan: Yes, we've opened up our APIs and formats and added the idea of policy triggers. We've also integrated more with the ecosystem that is around us.

Finovate: A point of emphasis for BehavioSec seems to be removing the burden of security from the shoulders of the end user. Why is this important?

Costigan: In security, the 'user' is actually the weak link. Make the security too much of a burden and the end user tends to ignore it, or subvert it for their own convenience. Think of password managers being like the user propping up a big safe door with a chair. The user expects the bank, payment service, or eCommerce site to solve the security issue, not be a part of it.

Finovate: What are some of the advantages of innovating in a country like Sweden? In what ways are Northern European markets different from those in other parts of Europe when it comes to security issues?

Costigan: Actually it can be a burden!

I'm not from the Nordics myself. I'm Irish. So I find this new market fascinating, how different it is from the rest of Europe.

What I have picked up over the last few years is that there is little to no fraud here. Hard to be selling anti-fraud solutions to people who don't need them! I am half-joking. 

The Internet removes these barriers. I believe this Northern European market is a trendsetter for a technology update. What works here tends to mirror what will happen elsewhere. Our references here are taken as a good bellwether of what will happen in other markets.

FinovateAsia 2013 was quite a success. We just finished up the second annual FinovateAsia in Singapore. 

After the show, the audience selected their favorite of the 35 demo companies. The top four companies were named Best of Show, and took home a trophy.

The winners (in alphabetical order):

BehavioSec, for its behavioral biometrics-based authentication method 
Live blog post


IND Group, for its Essence mobile banking app, with detailed financial management tools
Live blog post


Kofax, for its omni-channel solution that accelerates and enhances the underwriting process
Live blog post


Yodlee, for the international debut of TANDEM, an app that helps groups manage and discuss shared finances
Live blog post


All of the demo videos will be posted on in a few weeks.

Many thanks to the great audience that participated in this year's event. Also, thanks to the 34 innovative companies who demonstrated their newest tech from the FinovateAsia stage. Keep the tech coming!


Notes on methodology:  
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: "Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed."  
4. The four companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners. 

This post is part of our live coverage of FinovateAsia 2013.

Second up in this session, BehavioSec demonstrated how it removes the burden of security from the end user:

"User-friendly adaptive user authentication via risk based authentication, or behavioral biometrics, and the reality of legacy systems at our current customers.

BehavioSec extended its award-winning BehavioWeb and BehavioMobile solutions to offer policy-based behavior authentication actions.

This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user."

Presenting Neil Costigan (CEO)

Product Launch: April 2012
Metrics: 1.5M€, 12 employees, university spin out
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms & licensed

HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec


FinovateAsia 2013 is coming to Singapore in just over one week. And, just in time, here are the final seven companies who will bring their live demos to the stage.

If you missed the previous three installments of our Sneak Peek preview series, check out the links below.

Our final event of 2013 is only a few weeks away. Get your ticket here to be a part of the audience.

BehavioSec focuses on innovation in behavioral biometrics.

    • Transparent biometrics for mobile and web 
    • Large deployments 
    • Cost effective, low impact security
Why its great:
BehavioSec provides biometric security with no user experience cost  

Neil Costigan
Dr Costigan is a cryptography and security expert with over 20 years experience developing security solutions deployed with retail banking in the U.S. and Europe.

GMC Software Technology's Inspire Research Portal (IRP) for investors provides a single platform for users to access and replaces all manual processes to automation.

    • Streamlining the process
    • Reducing human errors while increasing productivity
    • Ability to view research reports from multiple platforms
Why it's great:
IRP will provide a centralized platform for both researchers and approvers to access and perform their job in an interactive and engaging way.  

Matthias Kraaz
Matthias has been in the customer communication space for many years and is currently looking after all the technical operations of GMC in Asia Pacific.  


Kelvin Huang
Working as a Presales Manager in GMC for 2 years, Kelvin specializes in web and mobile communication and is equipped with years of experiences in financial industry.

Intuition Intelligence's end-to-end card linked offers solution delivers super relevant offers to users from a huge volume of offers.

    • Brings a huge volume of offers from Open-coupon Networks
    • Solve Pains: Volume, Velocity, Variety, Vicinity, Visibility & Value
    • Win-win ecosystem for the Bank, Merchants and Customers
Why it's great: By learning user intent in click time, we deliver the right offers at right moment via digital channels without spam and friction in pre-and post-login.  


Arif Ansari
Keynote Speaker for Big Data and predictive analytics, expert in multiple areas of advanced intelligent systems and multiple patent holder.


Yusuf Ansari
Entrepreneur with track record of achieving #1 market share, visionary in building iconic products and hands-on execution and product management.


KlickEx is the world's most advanced multi-currency payments network - active in 8 countries, SWIFT and UNDP funded - and Asia's top-ranked Mobile Money platform deployment.

    • Completed solution to distributed/"crypto"-currency value destruction
    • No need to dis-intermediate Central Banks or regulators
    • Implemented, asset-based store of value - full USD alternative


Rob Bell
Rob and his award winning team turned the SWIFT and UNCDP funded, World Bank ranked, Pacific inter-bank payment network, into Asia's top rated mobile money platform in 3 years. Ex HSBC, Stanford, NZX.


Brett Waterson
Brett is the multi-award winning architect behind many global trading and banking systems, including the NZ Police Database, and all four NZ bank credit card loyalty programs - and of course, KlickEx.

Mambu helps banks, microfinance institutions and financial innovators deliver banking services to individuals and emerging enterprises around the world.

    • Makes state-of-the-art banking technology accessible to all
    • Eliminates the costs and complexities of traditional core banking
    • Helps financial organisations get new products to market, fast
Why it's great:
Mambu's cloud-first Software-as-a-Service solution enables financial organizations of all sizes to rapidly deliver state-of-the-art banking services  


David Hamilton, president of Mambu


Eugene Danilkis, CEO and co-founder of Mambu

Payoneer simplifies global commerce by providing companies and businesses of all sizes with an innovative, convenient and cost effective solution to send and receive funds worldwide.

    • Global corporates can transfer funds to over 200 countries and more than 50 currencies 
    • Funds can be received on prepaid cards, local bank accounts, or even local e-wallets 
Why it's great:
In a borderless world, Payoneer helps SMBs and professionals get paid with minimal friction and the convenience of choosing their preferred financial instrument.

Oded Zehavi
As CRO, Zehavi is responsible for Payoneer's sales, marketing and product activities. Prior to joining Payoneer, he served as business development director for PayPal.

TSYSLogoHiRes.jpgTSYS' Authorization Controls allows the a user to set one's own default account parameters and authorization rules.

    • Spatiotemporal locks allow user to geo-fence their location
    • Authorization Rules allow you to define spend limits for defined cycles
    • Authorization actions the user to Alert, Decline or Pre-authorize
Why it's great:
TSYS Authorization Controls reduce risk to the card issuer, merchant and consumer by monitoring transactions in real-time and enforcing responsible spending at the POS.  


Paul Bridgewater
As Group Executive of Global Product, Paul is responsible for product strategy, product delivery, product marketing and TSYS Innovation across the company. 

Chris Colson
As the director of innovation for TSYS, Chris is an 18-year veteran of the payments and financial services industry, having previously served as vice president, product management, of Equifax.  

For more information about how to join us in Singapore, visit our FinovateAsia 2013 page here.

FinovateAsia is typically our most globally diverse show, and this year is no different. Two weeks from now, we will showcase 37 demos from companies spanning the globe that are innovating in everything from remittance to small business tools to back office solutions and much more. 

Given that diversity, we thought it would be fun put together a map showing the geographic spread of the demoing companies that will take the stage (click the map to enlarge).


Here's the breakdown of the number of companies from each region:

  • Asia: 12
  • Europe: 11
  • North America: 9
  • Africa: 1
  • Oceania: 2
  • Middle East: 2

To refresh your memory, the list of the companies that we've hand-picked to show off their new technology at the Max Atria @ Singapore Expo on November 14, include:

  • Advanced Merchant Payments
  • App Annie
  • Arkalogic
  • ArthaYantra
  • Backbase
  • BehavioSec
  • BlueKite
  • BRIDGEi2i
  • CustomerXPs Software
  • DragonWealth
  • GMC Software Technologies
  • i-exceed
  • IND Group
  • Intuition Intelligence
  • KlickEx
  • Kofax
  • LifePAD
  • Luminous
  • Mambu
  • Matchi
  • Mistral Mobile
  • Mobexo
  • Mobino
  • Pangea
  • Payoneer
  • Pixeliris
  • Red Zebra
  • SaaS Markets
  • Serverside
  • Smart Engine
  • Tootpay
  • TradeNet
  • TSYS
  • White Label Personal Clouds
  • Yodlee

To see live demos of the new technology, meet the entrepreneurs responsible, and network with others in the industry, get your ticket to FinovateAsia here. If you have questions about the show, check out who is attending or email

At Finovate, we've seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don't know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012
  • BlueKite: 2013
    Total Funding: $1.5 million Seed funding
  • KlickEx: 2011
    Total Funding: $1.3 million
  • Mambu: 2011
    Total Funding: $2 million Series A

2007 or earlier
  • Yodlee: 1999
    Total Funding: $124 million
  • BehavioSec: 1998
    Total Funding: $2 million (€1.5 million)
  • Kofax: 1985
    Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.


All numbers and funding information sourced from

  • Finovate-F-Logo.jpgBillhighway 3-peats with "Metropolitan Detroit Best and Brightest Company to Work For" 2013 win.
  • BehavioSec awarded DARPA Phase 2 contract.
  • Spend Matters interviews Tradeshift CEO, Christian Lanng.
  • ACI Worldwide embraces Experian Decision Analytics decisioning solution.
  • FIS announces partnership with Australian debit card system eftpos to build payments hub.
  • Quantopian raises $6.7 million in Series A round.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.


Advanced Merchant Payments' innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses


ArthaYantra provides personal financial advice online to everyone irrespective of what they earn


Backbase brings social media to the bank, and the bank to social media

BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication


BellaDati is the agile business data analysis with human touch


BlueKite's international bill payment service improves an immigrants' ability to care for family back home


BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA


CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally


GMC Software Technology is a leading software developer of solutions that transform the customer experience

i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems


IND Group is a leading innovator and developer of digital banking, PFM and payments technology


Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels


KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well


Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction


Luminous is a boutique innovation company that has become synonymous with innovative banking around the world

Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution


Matchi is a matchmaker for innovation


Mistral Mobile powers your mobile financial services to serve anyone

Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones

Mobino enables mobile payments for 5 billion people, from any phone, no credit card required


Pangea Payments' multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world

Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns


SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers


Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results


SinoLending is the leading online lending platform in China


Smart Engine's Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users


TIBCO Software creates real-time, event-enabled solutions for the 21st Century


Tootpay's mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone


TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month


TSYS focuses on people-centered payments


White Label Personal Clouds' Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations


Yodlee is the platform for financial innovation, powering the world's largest collection of transactional data

To learn more about FinovateAsia, visit the event page, check out the FAQ, or email
This post is part of our live coverage of FinovateFall 2013.

Next, BehavioSec demoed its user-friendly authentication technology:

"BehavioSec has spotted the gap between user-friendly adaptive user authentication via risk-based authentication, or behaviour biometrics, and the reality of legacy systems at our current customers.

BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy-based behaviour authentication actions.

This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user."

Product Launch: September 2013
Metrics: 1.5M€, 10 employees, university spin out
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, & licensed.

HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec

Presenting Neil Costigan (CEO)

The full demo video will be available at in mid-September.

FinovateFall 2013 is right around the corner. That means it's time to start getting to know the entrepreneurs and innovators that will be presenting their technologies on stage in New York City in September.

Remember, the early bird deadline is this Friday, August 2nd. So to reserve your spot and register now.


Akimbo Financial offers a social bank account alternative that makes sharing money easier than ever.

authenticID's identity tools pictureID and catfishID, are the most accurate, time-saving solutions for the forms of ID we already carry.

Backbase's Launchpad, the Commercial Banking Edition, making CFO's work easier.

BehavioSec uses behavioral analytics to transparently tackle web and mobile security.

BillFloat revolutionizes credit delivery to consumers and businesses.

Biometric Signature ID has a patented software-only biometric for secure ID online verification.

BizEquity is the first and leading cloud-based business valuation engine, an innovative solution to small business lead generation.

Capital Access Network is the largest and most experienced small business finance specialist.

Cardlytics uses consumer purchase data to drive a patented advertising platform. Ads are so relevant--they're expected. 

CoverHound is a comparison insurance adviser, helping people discover, buy, and manage insurance online.

CR2 is the innovative provider of self-service banking solutions including ATM, Internet, and mobile banking.

DoubleBeam's SDK powers mPayments inside other mobile apps, helping signup customers quickly and save a ton on the cost of payments.

FinanceIt offers businesses the ability to provide consumer financing to their customers at the POS.

Financial Guard helps you protect your investments, providing online investment advice at the right price, finally.

Finect is the leading online network for the financial services industry.

Fiserv is a leading global technology provider serving the financial services industry, driving innovation in payments.

FlexScore "gamifies" financial planning, gives a "score" of your financial fitness, and provides education, advice, peer comparisons.

Float Money offers interest-free credit to members of its shopping club and financial health partners.

FutureAdvisor manages your investments for better returns, making quality financial advice available to everyone.

GMC Software Technology is a leading software developer of solutions that transform the customer experience.

Guide Financial is like a healthcheck for your finances - automatically scanning your accounts for ways you can earn or save more, and providing simple, easy fixes.

Ignite Sales is the leader in retail banking, customer acquisition, and retention technology.

Innovation Agency, where you can execute on your innovation mandate and unlock the wealth of ideas in your ecosystems.

Instabank - Beautiful money.

Interactions provides natural language Virtual Assistant application services for the automation customer care processes.

Jumio is a next generation credentials management company offering payments and ID scanning and validation products for mobile and web transactions.

Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interactions.

LearnVest empowers people everywhere to take control of their money and live their richest lives.

Level Money is a financial GPS, designed to replace budgeting.

Lighter Capital provides growth capital to technology companies in a highly-automated basis - Capital-as-a-Service.

Lumesis provides software for the fixed income municipal market. Compliance and credit-focused. 

Luminous is a boutique innovation company that has become synonymous with innovative banking around the world.

Manilla is the leading free and secure service to simplify and organize daily financial life.

MasterCard is a technology company in the global payments industry, operating the world's fastest payments processing network.

mBank is the biggest, pure-play online bank and the third largest retail bank in Poland.

miiCard is the first digital identity verification service to prove 'you are who you say you are' entirely online.

Mitek is positioned as the leading innovator in mobile imaging software. 

MoneyDesktop empowers financial institutions to provide online/mobile banking experiences to promote personal financial intelligence.

Motif Investing is a thematic, customizable, low-cost and crowdsourceable ETF-like product that is disrupting investing economics.

Narrative Science enables companies to uncover the insight hidden in their data and create new content at a scale and frequency never before possible.

Numbrs - One App - Every Bank.

P2P Cash is the mobile wallet with switch technology that allows us to aggregate all other mWallets and mobile financial services.

PayWith is powered by MasterCard. Funded by Merchants. Loved by Consumers.

PhonyInvoices provides invoice fraud detection and prevention. We check a company's vendor lists and transactions for suspicious activity.

Place2Give provides valuable and trustworthy information to make the most impactful social capital investment decisions.

QuarterSpot lending platform delivers the lowest cost and most favorable term small business loans.

RevolutionCredit is a revolutionary solution that transforms the credit decisioning process for both creditors and consumers.

SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers.

SavedPlus is an automatic savings program that helps customers save money with every purchase.

Simple Verity provides business credit reports on any SMB in America.

Socure offers a social identity verification solution to combat the growing risk of online identity fraud for financial institutions.

SpearFysh leverages mobile, speech analytics, big data, and SaaS technology to improve sales processes and drive growth.

Spreedly provides vault cards in the cloud and work with more than 50 payment gateways.

StockSmart apps and platform offer insight and information on the world's best companies and people.

StrategyCorps delivers local/mobile/social consumer checking solutions so appealing and relevant, your customers will gladly pay for them.

Tinkoff Credit Systems is Russia's leading provider of online financial services.

TipRanks is a cloud-based service that measures the performance of anyone giving investment advice.

Toopher eliminates online fraud using your phone's location. Simple, secure, your phone stays in your pocket.

Unleash is the cloud CFO that helps small businesses make better decisions faster.

VerifyValid and Deluxe are giving checks their first major upgrade in more than 200 years.

Versafe protects all users from all malware, threat types. On all devices, all transparently. 

WordSentry software analyzes messages during composition, identifying non-compliant components, for correction before sending.

Yodlee is the platform for financial innovation, powering the world's largest collection of transactional data.

Yseop creates a new age where financial services delivered to customers are driven by AI and human collaboration.

Zenmonics is a global technology services and mobile product provider to the financial services market.

Zighra empowers banks and financial institutions to leverage implicit mobile user authentication and accelerate payments.

Zooz provides complete payment essentials at your fingertips: a robust set of tools that will improve the payment process.

Plus more stealth companies to be announced in the weeks to come.


To find out more about the upcoming FinovateFall 2013 event in New York, September 10 and 11, visit our FinovateFall information page here.
  • Finovate-F-Logo.jpgSmithsonian Magazine features how BehavioSec authenticates users.
  • features Tom Leighton, CEO of Akamai Technologies to talk about how Akamai makes the internet faster and safer for its clients.
  • Ixaris launches Ixaris Payments Server to help banks build their own corporate prepaid programs.
  • Tasker Payment Gateways CEO touts alliance with Flint Mobile.
  • CurrencyFair featured in The Independent column on saving money when sending cash overseas.
  • Yodlee expands international reach by partnering with BlueChilli, a Sydney-based technology startup incubator.
  • Linkable Networks wins endorsement from American Bankers Association for its card-linked offer technology.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Finovate-F-Logo.jpgExpensify makes Reconciliation and Central Administration features available for American Express corporate cardholders.
  • Micronotes providing series of marketing campaigns for USAlliance FCU to help cross-selling efforts.
  • Palo Alto Software announces launch of EntrepreWorld, a virtual environment to test business plans in a virtual world of avatars. Come see Palo Alto demo its latest technology at FinovateSpring.
  • Consumers CU chooses Andera's oFlows platform for online account opening and lending.
  • Lighter Capital appoints Molly Gregg Otter as Vice President.
  • Bloomberg looks at how Jemstep, SigFig, and FutureAdvisor help manage your portfolio online. See Jemstep's new tech at FinovateSpring.
  • Forbes takes a close up look at London's FinTech Innovation Lab, including participants BehavioSec, Kiboo, and Open Bank Project.
  • Huff Post blog considers Lighter Capital's Revenue Loans as alternative to VC funding.
  • GCN looks at Dwolla's use in government.
  • Huff Post blog considers automated report-writing software company, Narrative Science. See its new tech at FinovateSpring.
  • Y C Universe profiles Trust Egg. See them demo at FinovateSpring in May.
  • MicroStrategy signs technology alliance agreement with MapR.
  • Berry Review takes a look at Pageonce Money and Bills on Blackberry 10.
  • Times of India highlights Klarna's growth in Europe.
  • Incentive Mag previews the launch of CashStar's table gifting solution.
  • Eye Verify announces results from biometric standard, performance and assurance lab survey. Join them in San Francisco for FinovateSpring.
  • IntelliResponse selected by KMWorld as one of "100 Companies that Matter in Knowledge Management" for 2013. Come see them in action at FinovateSpring in May.
  • New York City Mayor Michael Bloomberg officially 'opened the doors' to On Deck Capital's new NYC HQ.
  • Global Payments and edo Interactive launch pilot for card-linked offers network.
  • Boston Business Journal interviews Leaf CEO Aron Schwarzkopf. See Leaf's demo at FinovateSpring in San Francisco.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Finovate-F-Logo.jpgTechCrunch reports: PayPal separates developer platform from X.commerce, launches Simpler mobile APIs.
  • Springwise considers the open source nature of TESOBE's OpenBankProject.
  • Pindrop Security named the Best Rookie Security Company at the 2013 SC Awards.
  • Servant of Chaos reports: SocietyOne eyes off disruption in personal lending.
  • Intuit Small Business blog lists Mint and Expensify as 2 of 4 apps to help manage your small business.
  • UK Wired Magazine reports BehavioSec invents alternative to passwords using biometric fingerprints.
  • Edison Investment Research publishes report covering Virtual Piggy.
  • Founder and CEO of Fuze Network, Dave Wilkes, to speak at the 2013 BAI Payments Connect Conference & Expo.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Watch Demos

Click above for video archives of all demos.



See all Finovate tweets