The Faves of FinovateAsia: A Brief History of Best of Show Winners

With FinovateAsia less than one week away, it’s worth noting that the history of our Asian conference is a short, but illustrative one. Consider this: of the twelve companies awarded Best of Show from our three FinovateAsia conferences in 2012, 2013, and 2016, more than half are multiple-time Best of Show winners, having impressed audiences in London, Silicon Valley, and New York City, as well as Singapore and Hong Kong. And three of the companies have also been the targets of major acquisitions: IND Group by MisysEyeVerify by Ant Financial, and Yodlee by Envestnet.

So, other than winning multiple Best of Show awards and being acquired by major players in finance and technology, what have the Best of Show winners of FinovateAsia from last year been up to in the time since? See for yourself below.

FinovateAsia 2016Best of Show

Alpha Payments Cloud (demo)

The biggest news for Alpha Payments Cloud since winning Best of Show at FinovateAsia 2016 is likely the company’s comprehensive rebranding as Alpha Fintech in September. The move was designed to affirm the company’s status as “fintech’s first end-to-end middleware,” using a single API and UI to connect merchants and vendor suppliers across “the entire payments, risk, and commerce spectrum.”

Oliver Rajic, Alpha Fintech CEO added “Now with Alpha, (acquirers and gateways) can evolve to enable the right vendor combination for each unique requirement … thereby extending and enhancing their core solution subset.” Alpha Fintech has already made its first agreement under the new rebrand, teaming up with Payture, a major payment gateway in the CIS region. “Among the early adopters of the Alpha Fintech /Payture integration are businesses in Russia’s e-travel consumer market, which the company says is one of the largest segments of Russia’s e-commerce market.

Dynamics (demo)

Multiple-time Best of Show winner Dynamics announced a partnership with LG Electronics earlier this year. The agreement would put Dynamic’s Wireless Magnetic Communication (WMC) technology in LG Pay. The integration will enable LG mobile phones to transmit traditional magnetic stripe information wirelessly to traditional magnetic stripe readers.

“Dynamics has been building wireless magnetic communication solutions for nearly a decade and is widely considered the founder of the programmable magnetic stripe industry,” Dynamics CEO Jeff Mullen said. “Dynamics’ best-in-breed technology will help LG Pay reach hundreds of millions of new payment environments.”

EyeVerify (demo)

Acquired by Ant Financial Services Group just months before making its Best of Show-winning demonstration at FinovateAsia 2016, EyeVerify has hardly rested on its laurels. This summer, for example, the company partnered with fellow Finovate alum Daon, adding Eyeprint ID to Daon’s IdentityX platform. But the biggest headlines from this multiple Best of Show winning company have to do with their rebrand as ZOLOZ back in August.

“When I announced almost a year ago that Ant Financial acquired EyeVerify, I said we want to do more,” company founder and CEO Toby Rush wrote at the company blog. “Today we publicly commit to providing a hosted identity platform that helps people manage their digital lives.” Rush described an initiative to bring identity services to the underserved and underbanked consumers of Asia, with plans to ultimately bring hosted identity solutions to markets in North America and Europe. (demo)

With two Best of Show awards in two Finovate appearances, intelligent banking assistant developer must be doing something right. earned a spot in Payment Canada’s pitch competition, Dragon’s Den, and was recognized over the summer by Capegemini’s global InnovatorsRace and at the VivaTech conference in Paris, France. Finn. ai also announced a few days ago that ATB Financial would use’s technology to offer its 700,000 customers the first, fully-featured, AI-powered virtual banking assistant on Facebook Messenger.

But in addition to making friends and influencing people, is raising capital, as well. The company raked in $3 million in new funding in October, and plans to use the financing to help add technical talent to its team, as well as support the company’s expansion in the U.S. and around the world. Banking industry veteran, Carrie Russell, who will join as Strategic Executive Adviser, noted the importance in helping banks “move beyond transactional banking to build deeper, more personal relationships with customers.” Russell added “I believe is the right partner to do this, acting as a proactive virtual assistant to help customers understand, plan and take action to improve their financial lives.”

The rest of our FinovateAsia Best of Show winners are listed below:

FinovateAsia 2013Best of Show

FinovateAsia 2012Best of Show

SocietyOne Tops $350 Million in Loans

Australian P2P lender SocietyOne announced today it has issued more than $350 million in loans on its platform since 2012. Additionally, the company has the highest number of current loans, setting a record for itself with $200 million in its books.

“Our growth in 2017 underlines the demand from consumers for a real alternative to the major banks. Consumers are looking for a better deal on their finances and our risk-based pricing is attractive for customers that have demonstrated that they have a good credit history,” said Jason Yetton, CEO and Managing Director of SocietyOne. The company’s loan volumes have seen seven successive quarters of growth. In fact, loan volumes in the first three quarters of this year have totaled $141 million so far; surpassing the $139 million in loans facilitated over the entire course of 2016.

Yetton also noted the growth of SocietyOne’s AgriLending product, which launched in 2014 to serve Australia’s farmers and ranchers. Out of the $350 million in lending on the company’s platform, $80 million was issued to farmers, ranchers, and their agents via AgriLending. “I’m also pleased at the way we are getting behind Australian livestock farmers as the growth in SocietyOne AgriLending has shown. The team is standing ready to help them even more so as rural and regional Australia waits for the rains that will kick start the Spring growth and rearing season,” said Yetton.

In addition to having a strong base of borrowers, SocietyOne reported that the number of lenders on its platform has also risen. The company has an investor base of 320 individuals who have committed a total of $61 million in loans. On the bank side, SocietyOne has 20 partners who have, to date, contributed $100 million of the $350 million in loans advanced to borrowers.

SocietyOne presented its P2P lending platform at FinovateAsia 2012 in Singapore. The company offers borrowers personalized repayment programs with lower interest rates than major banks. Users can borrow between $5,000 to $50,000 for unsecured, personal loans for two, three, or five year terms. In August, the company celebrated five years of facilitating loans and earlier that month was recognized at the 2017 Australian Business Banking Awards.

Finovate Alumni News


  • Discloses September Investment Round, Doubles Total Funding.
  • SocietyOne Tops $350 Million in Loans.
  • Baker Hill Forges Partnerships with Allied Solutions, Experian.
  • Safe Spaces: The Best of the Authenticators, Verifiers, and Fraud Fighters.

Around the web

  • Fenergo announces partnership with four of Australia’s top five banks.
  • ACI Worldwide launches UP Real-Time Payments Solution.
  • Credit Agricole and TransferGo join Ripple’s blockchain network, boosting membership to more than 100 institutions.
  • Thomson Reuters unveils Fixed Income Callouts, a trading app for African bond markets.
  • Ondot Systems to provide two-way fraud alerts for debit cards processed by payments provider, Elan Financial.
  • Pendo Systems adds 25-year banking veteran Bill Woodley as a non-executive director.
  • Megabuyte initiates coverage of Xceptor with “superior” rating.
  • nCino enhances Treasury Management Sales and Onboarding Solution for greater flexibility, configurability and speed.
  • NuData picks up leader award from Javelin Strategy and Research.

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


  • Mountain America CU Chooses Digital Banking Platform from Alkami Technology.

Around the web

  • i-exceed to power CANDI, a fully digital banking branch of Canara Bank. Come see i-exceed demo at FinovateFall next month.
  • highlights Flywire’s progress in Asia.
  • SocietyOne Celebrates Five Year Anniversary Of Helping Customers.
  • Visions FCU Implements Gro Solutions’ Digital Sales Platform to streamline new member acquisition. Check out Gro Solutions at FinovateFall next month.
  • First Alliance Credit Union Latest to Implement Larky Engagement Platform.
  • Fenergo earns top spot in the 2017 RegTech Performance Report for second year in a row.
  • Chase and OnDeck agree to continue collaboration on small business lending solutions.
  • NICE unveils its compliance recording solution, NICE Compliance Center.
  • Eugene Danilkis, CEO and co-founder of Mambu, talks digitization, credit scoring, and lending to small businesses.

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.

SocietyOne Surpasses $300 Million in Loans Issued

Australian P2P lending platform SocietyOne reached a milestone this week. The company has surpassed $300 million in loans issued since it was founded in 2011.

During a time when P2P lending in the U.S. is under scrutiny, SocietyOne is reporting an increasing demand for P2P lending in Australia. In the first two quarters of 2017, lending on the SocietyOne platform is up 67% compared to the same period last year. In fact, the P2P lending environment seems to be healthy across Australia. SocietyOne competitor RateSetter recently reported that its funding amount has roughly doubled since December of 2016.

SocietyOne CEO Jason Yetton said that this “growing interest” proves that the company is “offering a better deal than the major banks and providing investors attractive risk-adjusted returns is making a real different in the marketplace for personal loans.” Yetton added, “Over the past 12 months, we have had more than 140,000 Australians enquire about a loan with SocietyOne which shows that consumers are responding in large numbers to the idea they can leverage their good credit history to get a better deal.”

SocietyOne presented its P2P lending platform at FinovateAsia 2012 in Singapore. The company offers borrowers personalized repayment programs with lower interest rates than major banks. Users can borrow between $5,000 to $50,000 for unsecured, personal loans for two, three, or five year terms.

The SocietyOne platform hosts 315 lenders offering to lend an aggregate of $68.3 million. The company was recently named to CB Insights’ Fintech 250 list and has aligned itself heavily with Australia-based Westpac Bank. In 2014, SocietyOne received a $5 million Series A investment from Westpac Bank. Since then, the company appointed a former Westpac executive as CEO in 2016 and another former Westpac executive as Chief Investment Officer in 2017.

Finovate Alumni News


  • SocietyOne Surpasses $300 Million in Loans Issued
  • Fidor Bank’s Digital Marketplace Features Nutmeg as Inaugural Partner

Around the web

  • DefenseStorm to serve as cybersecurity partner for Bank of Jackson Hole to enhance security.
  • Baker Hill NextGen to power consumer loan origination for CapStar Bank.
  • Zenmonics Teams Up With Queen City Fintech To Drive Fintech Innovation in Charlotte
  • Fiserv partners with Vestwell to add digital retirement planning to its wealth management network

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.

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.









Credit Karma





Gusto (formerly ZenPayroll)










Personal Capital





Ripple Labs
















Finovate Alumni News


  • Check out sneak peeks from FinovateSpring demoing companies SpeechPRO, CallVU, ACH AlertnanoPay DefenseStorm, and SuperMoney.
  • InComm Partners with WeChat Pay Parent Tencent.

Around the web

  • looks at Payoneer and escrow service as a way to support B2B payments.
  • SelfScore launches Achieve Card to provide international students with access to credit.
  • New service from Azimo enables money transfers with just a phone number.
  • PYMNTS profiles LendUp’s target market focus.
  • Loan validation firm Global Debt Registry Adds Prosper to Network.
  • DemystData celebrates its one-year anniversary in Singapore by expanding its offices.
  • EyeLock receives patent for sequentially linking iris matching with facial imaging.
  • Wired gets into the algorithmic brains of Quantopian.

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.

SocietyOne Appoints Former Westpac Exec as Chief Investment Officer

Screen Shot 2017-01-25 at 10.54.12 AM

Screen Shot 2017-01-25 at 11.04.59 AMAustralia-based P2P lender SocietyOne landed an all-star player for its newly-created chief investment officer position. The company has appointed John Cummins, industry veteran and former Westpac, RBS, and Macquarie employee to serve in the newly-created position.

Cummins previously served as head of institutional markets at FIIG Securities. In his new role at SocietyOne, Cummins will manage the company’s funding requirements and be in charge of investor relations.

SocietyOne’s online platform uses risk-based pricing to connect borrowers and investors to loans using its ClearMatch technology, which it launched at FinovateAsia 2012. ClearMatch allows investors to bid together at different interest rates and amounts against a single loan.

Jason Yetton, who was appointed SocietyOne’s CEO in April 2016, said Cummins has “specialist knowledge of the fixed income and credit markets, which will be of critical importance to our future growth given the opportunities that we offer our growing base of investor funders to earn solid returns from a new asset class.” Yetton also mentioned Cummins will be key in growing the company’s borrower base to 100,000 within five years and increasing its share in the $100 billion consumer lending market.

Founded in 2011, SocietyOne has facilitated a total of $200 million in loans. Of that amount, $129 million was done in 2016 alone, which indicates a 320% increase in loan bookings in the course of a single year. The company recently took in a $1.5 million equity investment from Beyond Bank Australia, bringing its total funding to $55 million.

Somewhat ironically, the same day SocietyOne announced Cummins as its new CIO, U.S.-based alternative lender OnDeck announced it appointed SocietyOne’s former chief financial officer, Jerry Yohananov, to its management team. OnDeck most recently presented at FinDEVr New York 2016. At FinovateSpring 2012, the company debuted OnDeck Connect.

Finovate Alumni News


  • Ripple Releases XRP Metrics in New Report.
  • SocietyOne Appoints Former Westpac Exec as Chief Investment Officer.
  • Check out this week’s FinDEVr APIntelligence

Around the web

  • Fenergo announces new rules-based solution to better enable FIs to meet margin requirement obligations.
  • NCR unveils redesigned tablet point-of-sale app.
  • New development and support center for Monitise supported by $664,000 in business financing from Welsh government.
  • Let’s Talk Payments interviews Marcin Truszel, Founder & CEO of Kontomatik.
  • Overbond Ltd is launching a service that will allow companies to issue bonds digitally.
  • Kony powers KMC Connect Lite mobile app for KMC Controls.
  • Irish Tech News interviews BancVue’s John Waupsh on his book, Bankruption.

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.