All News is Good News from 2016 FinovateEurope Best of Show Winners

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At FinovateEurope 2016, six companies took home Best of Show trophies after an audience vote favored their seven minute demos on the Finovate stage in London. FinovateEurope returns to London in less than two weeks, on February 7 and 8, where we’ll see 55 companies debut their newest technology and vie for a chance to win the audience’s vote for Best of Show. Tickets are still available. Register to save your spot today.

Today, we’re taking a look at the successes from the six Best of Show-winning companies from last year.


25107877391_5fb99d5838_kCapitali.se
Offers natural language trade automation for automatically managed investment portfolios
Demo video

What’s new:

  • Recognized by PYMNTS.com as representing fintech innovation in Israel
  • Cited as a top B2B wealth tech player
  • Listed by The Next Web as 1 of 6 fintech startups to help you make the most of your money

DriveWealth25201110835_5b8991a5e9_k
Enables real-time fractional share investing and trading in U.S. equities for mass retail investors
Demo video

What’s new:

  • Brought Roboadvisory to Latin America in new partnership with Alkanza
  • Added a new real-time margin feature
  • Expanded APIs for wealth managers
  • Brought robo advisory to China in new partnership with CreditEase
  • Inked new partnership with Stoxs

25174331736_4f20b80c80_kEyeVerify
Offers a scalable biometric authentication solution
Demo video

What’s new:

  • Acquired by Ant Financial
  • Partnered with Bioconnect to boost payment security
  • Selected by Wells Fargo for its biometric authentication technology

24905480290_e037cec5e7_kIDScan Biometrics
Offers a digital onboarding suite with facial recognition technology
Demo video

What’s new:

  • Acquired by GBG Group
  • Included in Mercator Advisory Group’s biometric authentication report

 


SwipeStox
Offers a mobile, social trading 25082834042_60b88fc576_kapp that enables users to copy single trades of other users
Demo video

What’s new:

  • Won Digital Top 50 Award
  • Won Wolves Summit 2016
  • Launched WebTrader to expand beyond mobile
  • Launched Live Trading on its app

The sixth Best of Show winner, Valuto, shut down in August of 2016. Its parent company Currency One cited “an unsatisfactory pace of development” as the reason for the closure.

Top Business-to-Business Wealth Tech Players

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If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players.

Our wealth tech coverage continues this week with a review of business-to-business (B2B) players in the wealth tech space. These are companies that cater directly to banks, advisors, or brokerages, instead of offering products or services directly to consumers. B2B wealth tech is a large category, so I’ve sub-divided it into four digestible groups and listed my top picks for each category. Since category sizes vary, the number of selections also varies.

Alternative investment services
These are platforms that help advisors connect clients with unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

Screen Shot 2017-01-19 at 11.44.57 AMEquityZen’s EZ Institutional lets advisors give clients access to a diverse asset class

Technology for advisors and brokerages
These are tools available via API, SDK, or web interface to help advisors compete with robo advisors by allowing them to invest with less bias, increase client communication, scale operations, find new clients, and more.

Screen Shot 2017-01-19 at 11.40.41 AMTrizic offers advisors their own digital tools to compete with robo advisors

Non-U.S. B2B investment and advisor technology
Similar to the above category, these companies offer tools for advisors outside of the U.S.

Screen Shot 2017-01-19 at 11.30.52 AMmeetInvest helps advisors invest like world-renowned market experts

News and Information Companies
These are online platforms, APIs, or SaaS offerings that provide advisors market information, show them trending news, or connect businesses with market data to power their own products.

Screen-Shot-2016-10-31-at-3.22.22-PMForwardLane’s dashboard acts like a private research analyst for advisors advisors, helping them stay current on new trends and funds

Finovate Alums Help Represent Fintech Innovation in Israel

Israel_FlagPYMNTS.com published an interesting, metric-based post on the tech scene in Israel. The post emphasized that while the country has a well deserved reputation as a “cybersecurity hotspot,” it is also true that “Israel’s tech ambitions and prowess extend much further.”

The salient statistic for me: 430—the number of fintech startups headquartered in Israel—is highly impressive, considering only 90 fintech startups existed in 2009.

With that in mind, here’s a look at some recent Israel-based Finovate alums who are helping make the country one of the world’s key locations for fintech innovation.

Our 14 Israel-based Finovate alums have raised more than $164 million in funding. Two alums—NICE Systems and Top Image Systems—are publicly traded on the Nasdaq, and two more—Capitali.se and TipRanks—have won Best of Show awards.

TheFloor_Israelfintechhub

There’s no doubt the fintech in Israel is on the move. The country’s first fintech hub, The Floor, was launched in 2015, and as of March 2016 is now located at the Tel Aviv Stock Exchange. Writing about why fintech innovation is thriving in Israel, VentureBeat’s Avi Zeevi of Carmel Ventures highlighted a few key features:

  • Mastery of relevant technologies such as real-time analytics, cybersecurity, and risk management
  • Legacy of success creating a “startup ecosystem (with) massive amounts of knowledge”
  • The country has learned from other key global financial centers
  • Global financial institutions have a presence and have been investing in Israel
  • Israeli FIs “have always been open to innovation”

“All of this had led to a dramatic rise in investments in Israel fintech companies,” Zeevi wrote. “By addressing the needs of both developed and emerging markets, Israeli fintech will only continue to grow.”

Are you an Israel-based Finovate or FinDEVr alum that we overlooked? Send us an email at research@finovate.com and we’ll update our roster.

 

 

FinovateEurope 2016 Best of Show Winners Announced

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With winter winds whipping up white caps on the typically mild-mannered Thames, another FinovateEurope is officially in the books.

We could not be more grateful to all those who demonstrated their latest fintech innovations live on stage in front of our record-setting audience here at Old Billingsgate Market Hall. After two days of demos, our attendees have weighed in on which technologies will earn the coveted title of Best of Show.

So with no further ado, let’s take a look at what our 1,500+ fintech fans feel are the innovations that are getting us that much closer to a world of better engagement, friction-free and secure payments and e-commerce, and broader financial opportunities for all.

Here are the Best of Show winners of FinovateEurope 2016 (in alphabetic order):


Capitalise-(capitali Capitali.se 
for its technology that uses natural language to enable trade automation, turning investment ideas into auto-managed investment portfolios.

 

drivewealth-logo DriveWealth for its cloud-based/API technologies that enable real-time, fractional share investing and trading in U.S. equities for mass retail investors around the world.

 

Eyeverify---Hi-Res EyeVerify for its biometric authentication, Eyeprint ID technology that turns an ordinary selfie into a key that protects your digital life.

 

IDscan---Hi-Res IDscan Biometrics for its market-leading, digital, onboarding suite with a powerful, state-of-the-art facial  recognition algorithm.

 

SwipeStox---Hi-Res SwipeStox for its mobile social trading app that allows anyone to trade forex, market indicies, and CFDs by copying single trades.

 

Valuto---Hi-Res Valuto for its multi-currency account powered by an open API that enables seamless integration with SaaS accounting, e-invoicing, B2B marketplace, and e-commerce platforms.

FinovateEurope 2016 was a blast, and we hope you enjoyed the conference as much as we enjoyed hosting it. As always, a thousand thanks to everyone who attended, sponsored, partnered with, and demonstrated their latest fintech innovations at FinovateEurope 2016. We’ll see you next year!


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 six companies appearing on the highest percentage of submitted ballot were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from FinovateEurope 2015 are here. Best of Show winners from FinovateSpring 2015 are here. Best of Show winners from FinovateFall 2015 are here.