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 Earn Top Honors at 2016 Benzinga Financial Awards

Trunomi_homepage_June2016

Finovate alum Trunomi took home two awards at the 2016 Benzinga Fintech Awards this week. The KYC and data-sharing solution provider won first place in the Proprietary Technology & APIs and Most Promising Startup categories.

Also winning top honors were Loyal3, which took first place in the Leveling The Playing Field category, and SmartAsset, which won first place in the Best Educational Tools & Services category.

BenzingaFintechAwards2016

This year was the second for the Benzinga Fintech Awards. More than 250 companies from five countries competed for this year’s awards, including Founder of the Year which was awarded to TickerTags founder, Chris Camillo.

Other alums earning recognition were runners up PsychSignal (Finding Alpha category) and WealthForge (Lending & Alternative Investments category). TipRanks picked up a runners up spot in the Research Platforms, Apps & Tools category, as well as third place overall. DriveWealth earned an honorable mention in the Innovation in Mobile category for its Passport solution.

See the full list of 2016 finalists.

Jason Raznick, founder and CEO of Benzinga, congratulated this year’s winners and praised their “forward thinking and product development.” This year marked the second strong performance at the Awards from Finovate alums in general and TipRanks in particular, which in 2015 took top honors in Trade Recommendations category in 2015. Other alum winners from 2015 include Betterment, EquityZenLikeFolioMarket Prophit, Motif InvestingPersonal Capital, and HedgeCoVest, which won runners up in the Most Disruptive category, Best in Class in the Robo Advisor Tools category, and first place overall.

The #FintechRevolution Will Be API’d

FintechRevolutionAPIEcosystem

An open Fintech ecosystem for developers could be imminent, at least if Xignite has anything to say about it.

Fresh off its FinovateFall 2015 appearance, the financial market-data provider to many of fintech’s most innovative companies is spearheading a new initiative, the #FintechRevolution API Ecosystem. The goal of #FintechRevolution—a partnership involving more than 20 other technology companies and accelerators—is to make it easier for developers to get their hands on the APIs and tools they need in order to bring their innovations to life.

Stephane Dubois, CEO and founder of Xignite, says the initiative “consolidates the best-of-the-best in the fintech API ecosystem. It will now be easier for firms, large and small, to start and grow financial services and fintech companies just by leveraging the APIs in the ecosystem.”

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From left: Xignite CEO Stephane Dubois, founder, and Anand Vidwanathan, developer, demonstrated Xignite Cloudstreaming at FinovateFall 2015.

Xignite divided the API contributions from the founding members into workflow, analytics and data categories. And, as Finance Magnates reports, a special emphasis should be placed on what it calls “non-traditional” APIs, the ones embracing inclusion of social and sentiment data alongside more-familiar financial data. This social data includes everything from the portfolio-management APIs of Advisor Software to the trader-mood-data APIs of PsychSignal.

The APIs from all of the founding members of the API ecosystem are listed in an integrated, Xignite-powered API catalog for easy access. All APIs have been vetted, and sales-and-support teams from all Ecosystem members are knowledgeable and ready to field questions from developers.

See the full list of founding members of the #Fintech Revolution below. The names of those companies that are also Finovate and/or FinDEVr alums are in bold.

Other founding members include incubators, Draper University in Silicon Valley, Fintech Sandbox in Boston, Level39 in London, and ValueStream in New York City.

Speaking of the initiative and its importance to startups and enterprises alike, ValueStream founding partner Greg Neufeld says, “We wouldn’t be investing our time, relationships and capital if we didn’t believe that the transformative changes happening today are merely the tip of the iceberg.” Neufeld is calling for innovators in fintech to work together to “build a better and stronger moat for the future.”

Neufeld says the entire industry of financial services is being “reinvented from the ground up,” and added: “We’re excited to be a part of this movement.”


FinDEVr2015LogoV2DateIf you are a developer, software architect, engineer, or CTO looking to hear from and network with some of the biggest builders in financial technology, then join us 6/7 October for FinDEVr 2015 in San Francisco. Save your spot and we’ll see you in the city by the bay!

Finovate Alumni News

On Finovate.com

  • Commentary: “”Prosper Signals Move into PFM with $30 Million Acquisition of BillGuard
  • Thanks to Xignite, the #FintechRevolution Will Be API’d”

Around the web

  • Lending Club adds Indiana, Kansas, and Nebraska, expanding its services to 36 states.
  • Premier Bank in Bangladesh extends payments agreement with TSYS, upgrading to PRIME4.
  • iSignthis to provide KYC services to Danish payment processor and card acquirer, Clearhaus, beginning in early 2016.
  • LeasePlan Bank implements Matrix digital banking platform from Five Degrees.
  • Peoples Bank & Trust hires Insuritas to launch turnkey insurance agency.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • TABB Research features Heckyl Technologies, Market Prophit, PsychSignal, and TickerTags in its new report on “social alpha 2.0.”
  • Nexmo teams up with mobile operator, H3G, to bring its SMS-based user-authentication technology to Sweden and Denmark. See Nexmo at FinDEVr 2015 in San Francisco next 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 Alumni News

On Finovate.com

Around the web

  • Yodlee’s startup incubator contributes to “Startup Fever.”
  • Revolut, Sedicii, SizeUp, & Token named Innotribe Startup finalists.
  • TIS signs deal to process school exams in Chile.
  • Trustly appoints Jonas Palmquist as chief financial officer.
  • FT.com features PsychSignal and Market Prophit in a discussion on market signals and social media.
  • Dwolla launches its white-label service to make it easier for FIs to use its FiSync transfer platform.
  • Segmint launches new marketing solution, Segmint Reach.
  • RetailWeek features TradeShift as startup of the week.
  • Lending Club celebrates surpassing $11 billion in loans.

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

On Finovate.com

  • “PayPal’s Early Valuation Tops $44 Billion”
  • “Monitise to Emphasize API, On-Site Solutions in Strategy Shift”

Around the web

  • Xero to offer foreign invoice payments via new partnership with Midpoint Holdings.
  • Loop featured in profile of Samsung Pay.
  • PYMNTS.com takes a look at PayPal CEO Dan Schulman’s conversation with the Financial Times.
  • Gulf News Banking highlights Zopa in its review of the rise of P2P business lending.
  • Ferratum Group selects Mambu to Power SME Lending.
  • Top Image Systems to deploy an automated multichannel and mobile data-capture project for online financing company that provides funds to India-based SMBs.
  • Lighter Capital closes 100 deals.
  • CDApress recommends FamZoo to help kids understand personal finance skills.
  • Credit.com blog lists Global Debt Registry as a tool to help get rid of an old debt.
  • Better ATM Services CEO Todd Nuttall quoted in Australian Times column on how technology delivers a growing share of bank services.
  • The Bitcoin News interviews the new online marketing manager for Bitbond, Chris Grundy.
  • Wall Street Journal features PsychSignal in a review of stock market sentiment and social media.
  • Inc. feature on Silicon Prairie highlights Blooom, Hip Pocket, and Dwolla.
  • Rise in tech investment in the United Kingdom credited to companies like Azimo and Currency Cloud in London’s fintech sector.
  • Forbes column on investing for millennials features Hedgeable.
  • Realty Mogul adds two new vice presidents of commercial real estate.

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.

PsychSignal Delivers Real-time Stock Market Opinion from Social Media Sources

This post is part of our live coverage of FinovateSpring 2015.

PsychSignal-logo-20140409PsychSignal demonstrated its “natural language processing engine API” that provides investors with insights from a variety of social sources.

The Company’s Natural Language Processing Engine API delivers the public’s real-time opinions about stocks and other financial securities by categorizing and quantifying the millions of tweets and messages issued by Twitter, StockTwits, T3Live chat rooms, and other social media sources.

Presenters: CEO James Crane-Baker and CMO Bjorn Simundson

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Product Launch: May 13, 2015

Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licenesed.

HQ: Miami, Florida
Website: psychsignal.com
Twitter: @psychsignal

FinovateSpring 2015 Sneak Peek: Part 3

PacketIMG1We’re two weeks into featuring all 70+ presenting companies that will demo their new technology at FinovateSpring next month in San Jose, and there’s still a lot of information to take in.

Today, we’re taking a closer look at:

On 12/13 May, we’ll host a crowd of fintech experts, banking execs, investors, and press at San Jose’s City National Civic. Pick up your ticket here to claim a ticket of your own.

If you missed them, be sure to check out the fourteen companies we featured last week:


3E Software: Ever dream of a solution where lending staff can access and interact with all the data they need from any source? That’s Teslar.

Features:

  • Data from all systems: core, credit card, factoring, etc.
  • Empowers your lending staff
  • So easy even a lender can use it

Why it’s great
One word: Empowerment. With Teslar, your lending staff can be empowered to get things done now, not when another resource can get to it.

3EPresenterPresenter

Joe Ehrhardt, President, CEO
For 16 years, Ehrhardt has worked in or for financial institutions. With his common-sense approach and technology know-how, he is driven to change how banks of all sizes work and operate.
LinkedIn


CorezoidlogoCorezoid.com is the first cloud operating system that can implement and support any kind of algorithm and business process.

Features:

  • Rapid integration into any type of business process
  • Low-cost, flexible system
  • Faster with fewer developers

Why it’s great
While you read this text, 32,000 small corezoids have easily handled the work of huge online banks and implemented about a million logical operations.

Presenters

  1. Maria Gurina, deputy head of ecommerce
  2. Egor Avetisov, creative director
  3. Kristina Chaykovskaya, head of ecommerce

MalauzaiLogoMalauzai Software is a mobile-only, virtual banking experience that makes banking fun, effortless and completely branchless. See it on Apple Watch too!

Why it’s great
A cool, mobile-only virtual banking experience that delivers effortless, branchless banking, powered by advanced technology.

MalauzaiPresenter1Presenters

Robb Gaynor, Founder, Chief Product Officer
Gaynor heads up the product development and marketing of the organization, focused on ensuring the company has solutions at the cutting-edge of mobile innovation. He has more than 25 years of experience.
LinkedIn

MalauzaiPresenter2Danny Piangerelli, Founder, Chief Product Officer
Piangerelli leads the technology team and is responsible for all aspects of Malauzai’s technology infrastructure. He has more than 15 years of engineering and enterprise-class technology experience.
LinkedIn

 

 


PayActivLogoPayActiv changes the status quo and gives employees a noncredit alternative to predatory short-term lending products with security, dignity and savings.

Features:

  • Bridges the timing gap between earning and spending
  • Eliminates the stress of overdraft and predatory fees
  • Provides intelligent and preemptive cash-flow management

Why it’s great
PayPresenter1PayActiv puts more money in the hands of every employee right now. They do it by making business’s payroll in real-time.

Presenters

Safwan Shah, CEO, Founder
Technologist, payments expert, and entrepreneur, Shah is an innovator with a purpose.
LinkedIn

PayActivPresenter2Kacky Fuller, Vice President Business Development
Fuller is PayActiv’s sales leader with 10 years’ experience in payroll and prepaid products.
LinkedIn

 

 


PsychSignalLogoPsychSignal’s big-data processing-engines generate sentiment-analysis plus artificial intelligence to calculate stock-cycle shifts for Quant Funds, Hedge Funds and Traders.

Features:

  • Big-data processing detects mood shifts ahead of trade-direction shifts
  • Unusual sentiment activity triggers direct, actionable alerts
  • Fully automated system

Why it’s great
The next generation Squawk-Box is here.

PsychSignalPresenter1Presenters

James Crane-Baker, CEO
Crane-Baker is the former head trader of Broadway Trading, the pioneer of direct-access electronic trading; he is the founder and chief executive officer of PsychSignal.
LinkedIn

PsychSignalPresenter2Bjorn Simundson, CMO
Simundson is a serial entrepreneur, inventor, angel investor, and he serves as chief marketing officer for PsychSignal.
LinkedIn

 

 


SomeoneWithGroupLogoSomeone With Group offers a compassionate way for hospitals to reduce bad debt by providing patients a secure platform to reach out to friends and family for financial support.

Features:

  • Fraud resistant
  • Restricted spending
  • Branded for the hospital

Why it’s great
Someone With Group is taking the crowdfunding concept to the next level with a fraud-resistant platform that helps both hospitals and patients.

Presenters

SWGPresenter1Paula Jagemann-Bane, CEO
Jagemann-Bane is a successful entrepreneur who thinks big, then delivers. Dynamic and engaging, she is poised to solve the hospital bad-debt problem—with compassion.
LinkedIn

Matt Pomrink, President, COO
Pomrink is detail-oriented without losing sight of the big picture; he has shepherded the SWGPresenter2Someone With Group concept to a robust solution.
LinkedIn

 

 


TrizicLogoTrizic offers a cloud-based software platform, Accelerator, comprised of a consumer-facing web experience and an adviser-facing console, enabling financial firms to offer investment advice digitally.

Features:

  • Automates complex portfolio management, rebalancing and reporting functions
  • Accommodates ETFs, mutual funds, equities
  • Enables firms to compete with robo-advisers and grow their business

Why it’s great
Trizic Accelerator is the most comprehensive, end-to-end institutional-class digital advice-platform for financial firms, helping them to delight clients and to grow and scale their businesses.

Presenters

TrizicPresenterBrad Matthews, CEO, Founder
Matthews, the CEO and founder of Trizic, has deep investment-management expertise, honed at J.P. Morgan, Citi, Barclays and Bear Stearns.
LinkedIn

 


Stay tuned for part four of our series this Thursday.