SBDA Group Wins Gold, Sedicii Takes Silver at UniCredit Hackathon

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Two Finovate alums took home top honors at the UniCredit Appathon event this week. SBDA Group won first place for its Smartbanking app that uses transaction data to help users budget and manage their finances. Coming in second was Irish authentication specialist Sedicii, whose technology enables customers to authenticate themselves to a network or service without having to share a password or other personal information.

The goal of the Appathon is to stimulate innovation “both within and beyond the bank” said Paolo Fiorentino, UniCredit Deputy General Manager. Indeed, the first place prize of the hackathon is the chance to work with a team from UniCredit Business Integrated Solutions (an opportunity valued at €50,000). The second place prize was a pair of tickets to FinovateLondon 2017 (an awesome award, in our humble opinion), and the third place winner, Rome’s All Industries, won a virtual reality headset for its digital financial assistant, TalkForce.

UniCredit_SediciiNow in its third year and conducted 100% online for the first time, UniCredit’s fintech hackathon featured more than 190 teams across Europe. The event was judged by senior managers from both UniCredit and its subsidiary, UniCredit Business Integrated Solutions. Teams were asked to demonstrate a solution in one of three categories: digital payments, digital wallets, and” instantaneous delivery of complex information using big-data analytics.” 70 cities from 26 European countries were represented, with most of the team (32) coming from Italy. Also participating were 10 “international” teams. The judges evaluated each solution on the basis of technology, completeness, innovation, feasibility, subject matter, and API relevance.

Founded in 2014 and headquartered in London, SBDA Group demonstrated its SBDA Customer Insight solution at FinovateEurope 2016. The company’s solutions include Sberbank Messenger, demonstrated at FinovateSpring 2016 by Russia’s Sberbank and mobile banking app, Sense, demonstrated at FinovateFall 2015 by Alfa Banking Group. Check out our Finovate debut profile of SBDA Group from earlier this year.

A finalist in the Innotribe Startup Challenge and one of five Finovate alums to be included among the World Economic Forum’s 2015 Technology Pioneers, Sedicii’s authentication service can be used instead of one-time passwords, as well as deployed in a tele-service environment, and is effective against man-in-the-browser, man-in-the-middle, and server-side attacks. The company demonstrated its authentication platform at FinovateEurope 2015.

Finovate Alumni News

On Finovate.com

  • Mastercard to Buy VocaLink for Up to $1.14 Billion After Masterpass Expansion to Retail
  • Finovate Debuts: How Blend is Reinventing the Mortgage Application Process
  • SBDA Group Wins Gold, Sedicii Takes Silver at UniCredit Hackathon

On FinDEVr.com

  • Mexico’s Grupo Bursátil Deploys Messaging Tech from Solace Systems

Around the web

  • GMC Software Technology announces integration with DocuSign to streamline business workflows.
  • Cloud Lending Solutions adds new online modules to its Learning program.
  • Google Cloud Platform opens its first West Coast region.
  • Rapid Financial Solutions Partners with Cachet Financial Solutions to Deliver Mobile Money Solutions to More Than 2 Million Cardholders
  • The Tennessean lists ProfitStars in Nashville’s top workplaces for 2016.

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.

Five Finovate Alums Named 2015 Technology Pioneers by World Economic Forum

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According to the World Economic Forum, whatever it takes to be a Technology Pioneer in 2015, a quintet of Finovate alums has got it.

Ayasdi, FutureAdvisor, Ripple Labs, Sedicii Innovations, and TransferWise were named as 2015 Technology Pioneers in the World Economic Forum’s Information Technology category.

AyasdiLogo_FF2014The Technology Pioneers program was launched in 2000 to give recognition to early stage companies developing new technologies that will have a “significant impact on business and society.” Previous winners have included AirBnB, Google, Next, SoundCloud, and Twitter.

futureadvisorlogoThe World Economic Forum chooses approximately 30 companies each year out of a pool of “hundreds” of applicants. The field is winnowed by a selection committee consisting of top technology experts, academics, entrepreneurs, and venture capitalists who review the applications and submit a recommendation to the World Economic Forum. Since the program began, 600 companies from five continents have been represented in the Technology Pioneer program.

RippleLabs_logoCompanies interested in the 2016 program should apply before February 5, 2016. Applicants will be notified by mid-July 2016. More information about the program is available here.

Sedicii_logo_high-resAyasdi made its Finovate debut at FinovateFall 2014 in New York. The company raised $55 million in funding this spring, taking its total to more than $100 million. FutureAdvisor recently unveiled its FutureGift solution, to make it easier for friends and family to make contributions to a child’s college savings plan. The San Francisco-based company demoed its platform at FinovateFall 2013, and has total capital of more than $20 million.

Transferwise_logo_newRipple Labs picked up a $28 million investment and hired former Yahoo exec Brad Garlinghouse as its new chief operating officer in April. Irish startup Sedicii demoed its authentication solution at FinovateEurope 2015, and TransferWise, making its Finovate appearance at FinovateEurope 2013, began 2015 with a $58 million fundraising led by Andreessen Horowitz that boosted the company’s total capital to more than $90 million.

SizeUp, Token, and Pendo Systems Win at Innotribe 2015 New York

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Three Finovate alums, SizeUp, Token, and Pendo Systems won in their respective categories at the Innotribe 2015 New York showcase today in Manhattan. The three will join fellow New York showcase winners, Payfirma and Hyperledger—and 15 other finalists from showcases in London, Singapore, and Capetown—at the final competition at the Sibos conference in Singapore in October 2015.

Fresh off their Finovate debuts this spring, SizeUp and Token competed in the early-stage startups category. This category includes companies less than three years old or have less than $1 million in combined revenue and investment in the past 12 months.

Based in San Francisco, SizeUp provides companies with the business intelligence and market research they need to make better use of their data. In its first appearance at FinovateSpring 2015 in San Jose, SizeUp demonstrated a version of its platform geared specifically for financial institutions, SizeUp FI.

Also making its debut at FinovateSpring 2015, Token has developed a payments ecosystem that helps banks and billers meet regulatory, business, and consumer demand for faster, real-time payments and better security. The company was founded in January 2015 and is based in Palo Alto, California. Steve Kirsch is CEO and founder.

Pendo Systems won in the growth-stage startups category, representing companies more than three years old or have more than $1 million in combined revenue and investment in the past 12 months. Founded in 2007 and based in New Jersey, Pendo Systems demoed its cross-vertical, global investment-accounting cloud-solution, BasisPoint, at FinovateAsia 2012.

Also competing at the Finale in October are Finovate alums Revolut and Sedicii, finalists from the 2015 London showcase.

The Innotribe Startup Challenge was launched by SWIFT in 2011 as a way to promote technological innovation in the financial services industry. The challenge features regional showcases around the world that provide opportunities for emerging fintech startups to network with banks, venture capitalists, and decision-makers in financial services.

Finovate Alumni News

On Finovate.com

  • SigFig Brings on New Advisory Board Members and $1 Million in Funding
  • Alt-Lender EZBOB Deepens Pockets by $46 Million

Around the web

  • InvestorCentral looks at market simulators and trading with Kapitall.
  • Alaska Air picks FIS as its partner for upcoming strategic payment initiatives including EMV.
  • Delicious Nutritious chooses globalVCard Spend Secure for its business payments.
  • Kiplinger highlights Motif Investing among “brokers that pay you to open an account.”
  • GMC Software Technology to provide GMC Inspire to Mail Handling Services.
  • Personal Capital launches app for the Apple Watch.
  • ReadyForZero interviews Michael Carvin, CEO of SmartAsset. Check out SmartAsset’s new technology at FinovateSpring.
  • Revolut and Sedicii win finalist spots in the Innotribe Startup Challenge.
  • American Banker features bitcoin exchange itBit. Watch itBit’s live demo at FinovateSpring.
  • TechCrunch: Infosys to acquire Kallidus for $120 million.
  • A look at “billion dollar” British startups at Forbes.com features TransferWise.

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:

  • Flint Mobile Opens Up for Developers to Embed In-App Card Payments.
  • PayNearMe Brings Online Cash Payments to ProfitStars’ EPS Smart Pay Express.

Around the web:

  • BECU licenses INETCO Analytics to gain insights from ATM transaction data. See INETCO at FinovateSpring 2015 in San Jose.
  • investUP adds five new equity and P2B crowdfunding sites to its platform.
  • Sibos Innotribe selects semi-finalists: Revolut, Sedicii, Advice Games, and Pendo Systems.
  • PayPal Here now available with Microsoft Surface Pro 3 Online and in Microsoft Store.
  • Jemstep partners with Stronghold Financial to launch Advisor Lead Gen Platform.

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.

Sedicii Previews its Versatile Authentication Solution that Replaces Passwords

Sedicii_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Sedicii provides authentication technology that can prove a person is who they say they are.

Today’s internet world requires users of secure services to authenticate themselves before they receive access to the services they seek. This need to authenticate has spawned an ever-increasing number of websites that mimic the look and feel of a genuine website with the intention of fooling the unsuspecting user into entering their user credentials (login name and password).

Based on the zero-knowledge protocol, Sedicii’s patented, strong authentication technology can prevent data compromise from man-in-the-browser, man-in-the-middle, and server-side attacks. The service is used in a traditional web or app context, but can also be used to authenticate through contact centers or other offline services with a single, easy-to-use interface.

 

Presenters:CEO Rob Leslie, and Commercial Director Richard Coady
 
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Product launch: May 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Waterford, Ireland
Website: sedicii.com
Twitter: @GBRSedicii

FinovateEurope 2015 Sneak Peek: Part 7

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FinovateEurope is less than a week away, and we’ve already surpassed last year’s record-breaking attendance. Soon, we’ll be sitting inOld Billingsgate Market Hall in London, enjoying tea while enjoying the first day of live demos at FinovateEurope.

Want to be a part of the largest FinovateEurope crowd ever? Get your ticket soon before it’s sold out.

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In this final post of our Sneak Peek series, we’re featuring Aire, Akamai Technologies, LifePay, MoneyHub, mydesq, Onlinepay.comSedicii, and Taulia. You can see all the posts here:


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Aire is an alternate credit score for people. Our mission is to help thin-file customers who qualify for essential financial products via this new score.

Features

    • Rescore credit rejections to lend to 15%+ more customers
    • Improve overall cost of acquisition
    • Minimal change to existing risk profile

Why it’s great
Aire can help turn a No to a Yes.

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Presenters

Aneesh Varma, Co-founder
Varma is a serial entrepreneur with a prior startup in enterprise retail tech, he started off in consumer finance at JPMorgan. He’s an engineer with a background in predictive algorithms quantitative finance.
LinkedIn

 

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Jon Bundy, Co-founder
With 14 years across financial technology, Bundy has been building risk and data products with an additional expertise in fraud detection and AML as well. He was previously at RBS, Searchspace and Symbian.
LinkedIn

 


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Akamai Technologies is a leading provider of cloud security services, helping banks provide secure, high-performing user experiences on any device, anywhere.

Features

    • Focus on the source of the request
    • Determine the extent to which that source has sent malicious requests in the past
    • Make predictions regarding how much that source can be trusted in the future

Why it’s great
The Akamai Client Reputation service provides financial institutions the ability to forecast intent and protect applications against web attacks.

Presenters

Ory Segal, Director of Threat Research
LinkedIn

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Nick Coleman (pictured), Web Security Specialist

 

 


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LifePay is an mPOS EMV chip-and-pin solution, allowing SMEs to accept payments by plastic cards via smartphones, and get LifePay Stand and overall sales analytics.

Features

    • LifePay-mPOS chip & pin is a start-point of LifePay ecosystem
    • LifePay offers the LifePay Stand solution with a portable printer and cashbox as a next-gen cash register.
    • Merchant’s portal

Why it’s great
LifePay – inspiring Asia


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MoneyHub puts the user at the center of their financial universe and helps them visualize their future. MoneyHub’s Ecosystem will empower people to connect, share data and collaborate with their financial advisers and institutions like never before.

Why it’s great
Your customers are already using MoneyHub, why not see how you can use it with them?

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Presenters

Toby Hughes, CEO MoneyHub
Hughes, Founder and CEO of MoneyHub, is an entrepreneur with more than 10 years of digital marketing and technological innovation experience in financial services.
LinkedIn

 

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Dave Tonge, CTO
Tonge, CTO at MoneyHub, has a strong technical skill-set and entrepreneurial instincts. Dave specializes in innovative business strategy and agile software architecture.
LinkedIn

 


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mydesq is an iPad-based workbench which combines products, clients, accounts and analytics providing wealth managers the information advantage to work smarter.

Features

    • Work from anywhere, anytime
    • Simplify work
    • Increase Sales & Service

Why it’s great
It revolutionizes and simplifies the way wealth managers work.

Presenter

Milan Vora, CEO & Founder
LinkedIn


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onlinepay.com is a mobile wallet for students. Share, buy and top up!

Features

    • Share your money with your friends
    • Make purchases directly from your mobile phone
    • Top up your gaming accounts  

Why it’s great
onlinepay.com is a mobile wallet, designed for fun and sharing money, convenient mobile shopping and top up of gaming and trading accounts.

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Presenters

Vladimir Kovalevskiy, Director
Kovalevskiy has in-depth experience in the payment and e-commerce fields in Russia and abroad, including projects related to mobile payments.
LinkedIn

 

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Anfisa Chernaya, Marketing Manager
Chernaya is working in marketing field for last 5 years.
LinkedIn

 


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Sedicii eliminates the exposure (storage and transmission) of private data required to authenticate.

Features

    • Sedicii Payments Card Authentication
    • Sedicii Mobile Authentication
    • Sedicii Contact Centre Authentication

Why it’s great
It is innovative technology for more secure authentication and identity verification.

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Presenters

Rob Leslie, CEO
Leslie’s track record includes part of the original management team to establish/grow Dell Japan to $300M TO in 4 years. Leslie also co-founded PTS Japan, sold in 2000, having achieved $33M valuation in 5 years.
LinkedIn

 

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Richard Coady, Commercial Director
Coady has held senior positions with BT, WBT Systems, Prometric. He will work towards the implementation of the International Sales strategy for the Sedicii portfolio of authentication applications.
LinkedIn

 


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Taulia transforms supply chains, enabling organizations to create a healthy relationship between suppliers and buyers.

Features

    • Sets up a SaaS network between a buyer and all its suppliers with eInvoicing
    • Uses network to offer all suppliers an opportunity to get paid early using third-party finance
    • Preserves buyer capital

Why it’s great
Taulia solves the buyer/supplier payment dilemma.

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Presenters

Matthew Stammers, European Marketing Director
Member of the European management team with responsibility for launching Taulia in Europe. Previously worked for Bottomline Technologies and Capita and holds a Henley MBA.
LinkedIn

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Christophe Juvanon, European Solutions Consulting Director
Key member of Taulia’s European team responsible for understanding customer’s requirements and solution fit. Previously employed by OpenText and DHL. Holds a post-grad degree from Napier University.
LinkedIn


 

That concludes our Sneak Peek series. You can catch all 70+ companies as they demo live at FinovateEurope on February 10 and 11. Pick up your ticket here.

Questions? Check out our FAQ.

Alumni News– December 12, 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.jpgQuantopian to offer fundamental equity data from Morningstar.
  • MicroStrategy to provide analytics solution to help developers build biometrical secured analytics solutions.
  • Banking Technology takes a look at the relationship between BBVA Compass and Dwolla.
  • Cointelegraph interviews AlphaPoint CEO Vadim Telyatnikov. See AlphaPoint at FinovateEurope 2015 in London.
  • Sedicii wins EY Startup Challenge. Come see them at FinovateEurope in February.
  • Forbes interviews Jacob Hansen, CrowdCurity co-founder.
  • Lifehacker awards Google Cloud with best cloud computing provider of 2014.
  • Check out the Finovate and FinDEVr alums listed in Currency Cloud’s list of hottest fintech companies.
  • FreeAgent selected by Lloyds Banking Group for new SME toolbox.
  • In 2014, VerifyValid eChecks delivered $370+ mil in payments to 100k+ payees, an increase of 20k registered users.
  • Finovate Debuts: TickSmith’s TickVault and FixVault Help FIs Put Their Big Data to Use.
  • Place2Give partners with Give A Mile to help them process cash donations.
  • VentureBeat interviews AppAnnie CEO, Bertrand Schmitt.
  • Apple Store Online Now Accepts PayPal In U.S. And U.K.
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.