FinovateEurope 2017 Application Deadline Has Arrived


We don’t mean to scare you this close to Halloween. But the deadline for applying to demo your technology at FinovateEurope 2017 is this Friday, October 28. We’re looking forward to reading about all the innovations that CEOs, developers, and product specialists from around the world have been working on. So if you’ve got a fintech solution that’s ready for prime-time, consider it NOW time and submit your application today.

On February 7 and 8, FinovateEurope 2017 will return to one of the coolest spots – Old Billingsgate Market Hall – in one of the coolest cities in the world. And whether you were thumbs up or thumbs down on Brexit, we can all agree that London is still a great location to showcase the most innovative financial technologies and must-have solutions for banks, financial service providers, and even everyday consumers, savers, and investors.


To apply to FinovateEurope, download our informational FinovateEurope 2017 pdf which gives you everything you need to know about the event. And if FinovateEurope sounds like the ideal place for you to present your technology in our unique, 7-minute, demo-only format, we strongly encourage you complete your application at and submit it to us by Friday, October 28. We’ll review all the applications submitted for FinovateEurope and get back in touch with you as soon afterwards as we can.

Got questions? We’ve got answers. Email us at

FinovateEurope 2017 is sponsored by Financial Technology Partners and KPMG, and is partners with SME Finance Forum and Verdict Financial. Additional sponsors and partners will be announced soon.

DemystData Lands New $7 Million Round


Data-as-a-service company DemystData announced this week it closed a $7 million Series B round led by MissionOG. Notion Capital and Singtel Innov8 also contributed to the round, which boosted the New York-based company’s total funding to $16 million.

DemystData will use the funds to build its team and expand data partnerships in order to meet increased demand in the U.S. and Asia. The company leverages big data pulled from in-house and online sources to help banks make informed decisions, improve the user experience, and decrease risk. DemystData counts some of the world’s largest banks and insurance companies across 10 countries as customers.

In a press release, the company’s CEO Mark Hookey said the company is, “helping clients cut risk by up to 60% and increase acceptance and straight-through processing rates to convert more customers.” He continued, “We provide the key to accessing valuable data 10 times faster while adhering to increasing privacy constraints.”

Also this week, DemystData released the Atlantic Platform, an API that aims to “assess consumer and small business risk on the back of massive streams of data, text, images, and log files, while improving compliance with emerging privacy law.”

At FinovateAsia 2012, DemystData debuted Credit-in-a-Box, a suite of tools that help banks leverage big data to make better lending decisions. The API aggregates publicly-sourced consumer data in real-time to help lenders measure risk and assess customer value. Founded in 2010, the company recently earned a spot in the FinTech20 Hong Kong. In April 2015, DemystData was recognized as a top 100 private company in AlwaysOn’s OnFinance Top 100.

Video of the Week: Bank of America Demos AI Chatbot “Erica”

This week Bank of America demo’d its upcoming mobile AI capabilities via a chatbot named “Erica.” The feature will be available to the 21 million users of its mobile app via voice or text commands “in late 2017.” While it’s unusual for a major bank to discuss technology a year away from deployment, with all the hype around artificial intelligence and chatbots, BofA must have figured it was a good PR move.

The bank did not disclose whether it was building or buying the technology, but my guess is the latter. We saw a number of Finovate demos last month in this area and expect many more in 2017.

For more info, check out the American Banker story yesterday (free access).

Finovate Alumni News


  • DemystData Lands New $7 Million Round.
  • FinovateEurope 2017 Application Deadline Has Arrived.

Around the web

  • EyeVerify Update Improves Liveness Detection.
  • TSYS renews card payment deal with Rabobank.
  • Student Loan Hero reviews FutureAdvisor.
  • InComm partners with Geoswift to facilitate cross-border payments for international students.
  • Misys to forsake initial public offering in 2016.
  • FICO introduces FICO Enterprise Security Score to indicate an organization’s vulnerability to cyberattack.
  • NuData Security announces partnership with Early Warning.
  • Zopa presents its 24-hour “Zopathon 16” for developers, designers, and “product people.”

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.

Useful UI: The Dashboard Metaphor


Every now and then a useful term comes into widespread use and it can be hard to decide whether it’s a fad (eg. home banking) or something that will be around for decades (e.g., ATM). Dashboard is one that we are seeing more and more of. While it’s too soon to say if it will still be used next decade, let alone in 50 years, it’s a good word and widely used in consumer and business services today (see definition below).

Redfin’s homeowner dashboard

Redfin, for example, sends new homeowners an email suggesting they log in to the Owner’s Dashboard of their new property. Redfin must be matching homebuying records to its user database to make the connections. It’s nice touch. Who wouldn’t want to sit in the virtual driver’s seat of their most important asset and get a look around. And with home prices appreciating in most parts of the country, it’s a mighty fine view. In the example, the home value is up almost 15% since February.

Banks should consider using similar language for their advanced digital banking services. Instead of calling it some fancy name that leaves consumers confused, use Dashboard, which is easy to remember, and has all the right connotations. One major bank already doing so is BB&T (see below), with its unique customizable mobile and desktop service, U. Another is Ohio-based First Financial Bank as well as $88 million Gateway Community Bank (screenshot below).


BB&T's U digital banking is centered around a "Dashboard"
BB&T’s U digital banking is centered around a “Dashboard”


Bottom line: The name of a digital service isn’t going to make or break it. But as we struggle with educating users on the features and benefits, the use of known terms can ease the learning curve.


Gateway Community Bank homepage with news of its new "Dashboard View"
Gateway Community Bank homepage with news of its new “Dashboard View”

FinDEVr APIntelligence

FinDEVr Silicon ValleyFDNY17_EventLogo_v1(wdate) was a success! Tickets for FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!


The latest from FinDEVr Silicon Valley presenters

  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • Extended partnership makes Yodlee’s data aggregation available via Backbase’s Open Banking Marketplace.
  • Hyperwallet announces support for real-time, push-to-card payments solution,Visa Direct.
  • Full Envestnet | Yodlee Integration Give Advisors Big Picture View of Client Finances.
  • Modo to give the Bank of America access to its COIN Operated Digital Payments Hub.
  • Expensify launches direct integration with Zenefits.

Alumni updates

  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • Bluefin Payment Systems launches cloud-based hosting option for its DecryptxPCI-validated P2PE product through Amazon Web Services.
  • Intuit expands partnership with PayPal to provide QuickBooks Online customers with a new way of accepting payments via PayPal.
  • Chain launches open source edition of its distributed ledger, Chain Core Developer Edition.
  • Avoka earns a pair of “XCelent Awards” for service and breadth of functionality from Celent.
  • Trulioo announced that its GlobalGateway platform now reaches 60 countries.
  • On Deck Capital and Kabbage agree to disclose SMB loan pricing

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Nanopay Raises $10 Million Series A


With support from Goldman Sachs, Canadian payments innovator nanoPay has raised $10 million in new funding. The Series A also featured the participation of APAGM Services, Jarnac Capital Management, and Rohatton. nanoPay said the investment will help it develop business partnerships in advance of a larger rollout of its MintChip digital currency technology. The funding will also help nanoPay build additional complimentary services for both the B2B and B2C markets.

nanoPay CEO Laurence Cooke elaborated on on this point, saying that in the wake of MintChip’s successful deployment in Canada this summer “our focus is now on expanding the platform beyond digital cash to a broad range of B2B uses cases that have global applications.” Cooke referred to both B2C disbursements and cross-border payments as examples.


Pictured: nanoPay founder and CEO Laurence Cooke demonstrating MintChip at FinovateFall 2016 in New York.

Developed by the Royal Canadian Mint and purchased by nanoPay in 2015, MintChip is a cloud-based currency that can be used to securely store and transfer digital value instantly, without third party intervention. The technology provides for final, irrevocable transactions in real-time that are cryptographically secured. For consumers, MintChip provides a faster checkout process that combines both loyalty programs and payments, and works online as well as in-person. With its open API platform, MintChip has potential applications beyond commerce, including in telecommunications, central bank operations, and for acquirers.

Founded in 2011 and headquartered in Toronto, Ontario, Canada, nanoPay demonstrated MintChip at FinovateFall 2016. Earlier this month, the company announced that Liberty Village would serve as a “working lab” for its digital currency. In July, nanoPay added Tracy Molino as general counsel and chief compliance officer and, in June, the company partnered with Ingenico Group to enable merchants to accept MintChip via their Ingenico Group smart terminals.

H2 Ventures and KPMG Unveil 2016 Fintech 100


H2 Ventures and KPMG have released their Fintech 100 roster for 2016. Divided equally between 50 “industry leaders” and 50 “emerging stars,” the roster features 17 Finovate/FinDEVr alums in the first category, and 10 in the second. Calling its roster a “celebration” of the most compelling innovators in this “bold new space,” the H2 Ventures/KPMG 2016 Fintech 100 covers a variety of different shades of fintech:

  • Lending (32 companies)
  • Payments (18 companies)
  • Insurance (12 companies)
  • RegTech (9 companies)
  • Data & analytics (7 companies)
  • Wealth management (6 companies)
  • Blockchain (5 companies)
  • Digital currency (5 companies)
  • Capital markets (3 companies)
  • Crowdfunding (2 companies)
  • Accounting (1 company)

And here is a look at how Finovate/FinDEVr alums fared. Earning recognition among the companies in the Leading 50 group are:

Also noteworthy in the Leading 50 are Ant Financial, which acquired Best of Show winning EyeVerify in September, and Avant, which acquired Finovate alum, ReadyForZero in the spring of 2015.

Additionally, Finovate/FinDEVr alums earning spots in the Fintech 100’s 50 Emerging Stars roster were:

The H2 Ventures/KPMG report includes a geographic breakdown of the 2016 Fintech 100, as well as a set of key takeaways such as increased geographic diversification, the return of lending, the continued ascent of Insurtech, and the appearance of RegTech. The report also notes that China now has four out of the top five companies in the report’s top 10, and eight companies in the top 50. Funding for fintech, the report authors write, “continues to rise,” with more than $14 billion in capital raised by the Fintech 100 in the past year.

Finovate Alumni News


  • H2 Ventures and KPMG Unveil 2016 Fintech 100.

Around the web

  • Signifyd to power fraud protection for Magento Commerce platform’s online merchants.
  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Handpoint expands agreement with PaySafe to power EMV POS.
  • YoYo Wallet expands focus to UK high street retailers, with partnerships between Planet Organic, Fernandez & Wells and Hummus Bros.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • TSYS signs payments agreement with Optal Financial Limited.
  • Bluefin Payment Systems launches cloud-based hosting option for its Decryptx PCI-validated P2PE product through Amazon Web Services.
  • Socure launches revamped Digital Identity Dashboard.
  • Civic expands focus from 2FA to Secure Private Login.
  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • FIS to provide reconciliation solution to UK-based Raphaels Bank to facilitate access to Faster Payments.
  • PayStand offers payment certification and notarization for its customers via the blockchain.
  • PrivatBank adds fund transfer functionality via iMessage to its Privat24 mobile banking app.
  • ThetaRay unveils its analytic platform for fraud detection, THETA.

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.

Revealed: The Full Presenter Roster for FinovateAsia 2016


As we approach the home stretch with just under two weeks to FinovateAsia 2016, we’re thrilled to announce the full presenter roster. This list includes 36 presenting companies and 252 minutes of the most cutting edge innovations in fintech—all in just one day.

The full presenter roster is on our website and below:

To get an inside look into our presenting companies and their innovations, check out our sneak peek blog series that we’ll continue to update up until the event.

We hope you’ll join us as we launch Finovate’s first Hong Kong event. Tickets are on sale at Space is limited, so get your ticket soon!