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If you're in need of a little distraction, we have good news. The demo videos from FinovateEurope 2015 have been released. All 72 videos from last month's conference, along with the full history of Finovate demos, are publicly available on the Finovate video archives page

To get started, here are the seven Best of Show winners, in alphabetical order:





mBank & i3D


Feel free to download, embed, and tweet the videos to share your favorites from the conference, whether you were in attendance or not.

If there is anything more exciting than the first Finovate conference of the year, it's seeing who will be the year's first Best of Show award winning companies.

After two days of fintech presentations and demonstrations, our audience of more than 1,100 has shared its opinion on which technologies at FinovateEurope 2015 stood out from the rest of a truly impressive pack.

Here are this year's winners, in alphabetical order:

Thumbnail image for Avoka_hires_logo_box.jpg
Avoka for its three-minute loan application that promises to deliver the fastest onboarding experience in the world.

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CoinJar for its technology that enables consumers to buy, sell, and use digital and traditional forms of currency any way they choose - from dollars to bitcoins.

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ebankIT for its omnichannel and social banking solution that maximizes interaction between FIs and their clients.

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eToro for its innovations in social trading and investing for Generation Y.

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Jumio for its credentials-management technology, Netverify, that turns mobile devices into ID document-scanning terminals.

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mBanki3D for their interactive, digital retail-branch concept.

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Meniga for Market Match, its transaction-data analytics and enrichment engine.

As always, thanks to everyone who attended and participated in FinovateEurope 2015. 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 seven companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners. 
MenigaLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Next, Meniga debuted Market Match, a new card-linked offers platform:

"Meniga's transaction-data analytics and enrichment engine enables it to deliver uniquely targeted and relevant offers to the consumers on its platform. Meniga puts offers, insights, and notifications into the context of consumer financial management, integrated as part of new-generation PFM. A fun, engaging Facebook-like feed that transforms how people interact with their finances, and how banks interact with their customers. 

Meniga's Market Match is a data-driven card linked offers (CLO) platform that allows financial institutions to provide merchant-funded offers to their online customers using the power of PFM. Meniga's PFM Solution has received multiple awards for innovation, such as "Best of Show" at FinovateEurope in 2011 and 2013, and boasts market-leading adoption and retention metrics."

Presenting Georg Ludviksson, CEO & Co-Founder and Einar Gustafsson, VP Product Management

Product Launch: February 2015
Metrics: $8.5M raised, 100+ employees, 20M+ online banking users
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Reykjavík, Iceland
Founded: March 2009
Twitter: @meniga

Alumni News, December 19, 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.jpgMoney Facts looks at how TransferWise helps consumers save on money-transfer fees.
  • Huffington Post features Matthew Goldman of Wallaby Financial in a conversation on credit card strategies for travelers.
  • interviews LoopPay Chief Technologist George Wallner.
  • A comparison between Stockholm and Silicon Valley in The Independent highlights Klarna.
  • Virtual Agent Chat checks in on post-acquisition IntelliResponse.
  • Cardflight's SwipeSimple joins MasterCard mPOS providers.
  • reports: How Xero went from a scribbled figure on a serviette to a $2 billion company.
  • Crealogix and Meniga create digital banking and PFM Solution for BNP's Consors Bank.
  • peerTransfer named 2014 Winner of BostInno's 50 on Fire Award.
  • Forbes lists Holvi as 1 of 5 Finnish startups to watch.
  • Programmable Web considers how Open Bank Project's API brings more openness to banking internationally.
  • Ayondo launches ad campaign on two major German TV networks.
  • Business Insider features Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, TradeKing, and Wealthfront in a look at the growth of robo-advisors.
  • BrightScope releases its Top 30 401(k) Plans List.
  • Management Today profiles David Harrison, managing partner at True Potential.
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.

Cortal Consors demonstrated at FinovateEurope 2011, when it was an online brokerage and investment company under BNP Paribas. It has since become Consors Bank, a German-based subsidiary bank of BNP Paribas.

Launching a bank comes with a long to-do list -- one thatMenigaLogo.jpgincludes providing financial planning tools for your customers -- so Consors Bank has partnered with Meniga and Crealogix. Respectively, these fintech providers power spending- and saving-management tools, as well as a digital banking portal.

The combined solutions offer Consors Bank customers an engaging user experience that fits with the bank's slogan, "Mobile, just like you."

Here's a look at some of the aspects of Meniga's PFM on Consors Bank's web portal:

  • Monthly spending comparison:


  • Spending category overview:

MenigaConsorsCategoryOverview.jpgIceland-based Meniga launched in 2009 and has since brought its white-label PFM platform to 25 banks across the globe. Meniga last demonstrated at FinovateEurope 2014 and will return to London next February for FinovateEurope 2015.

Crealogix appeared on stage at FinovateSpring 2014 in San Jose and will also demo its new technology at FinovateEurope 2015 in London.

This post is part of our live coverage of FinovateEurope 2014.

Next, Meniga demonstrated its MarketWatch technology:

"The MarketWatch offers Financial Institutions a unique way to analyze financial data that lives within their systems. Complementary to Meniga's PFM Solution, the MarketWatch enriches the transactional data and is a real-time, transaction-based analytics platform for industry-specific market intelligence and reporting. The superior market intelligence provided by the MarketWatch can be offered by banks to retailers for competitive analysis or to improve tactical decision making thereby creating a new revenue stream."

Presenting Georg Ludviksson (CEO & Co-Founder) and Einar Gustafsson (VP Product Management)

Product Launch: February 2014
Metrics: $8 million raised. 70 employees. Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation online banking solutions. The Meniga PFM Solution has been implemented by more than 15 financial institutions in 11 countries, reaching well over 10 million online banking users. Meniga's PFM Solution has received multiple awards for innovation, including "Best of Show" at FinovateEurope in 2011 and 2013, and boasts market leading adoption and retention metrics.
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Reykjavík, Iceland
Founded: March 2009
Twitter: @meniga

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:

AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.

BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.

Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.

eToro, for its social trading and investment network

ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.

Fidor Bank, for its innovative online banking community.

Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.

FreeAgent, for its SMB-focused online accounting system.

Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.

Holvi, for its smart checking account for group activities.

Ixaris, for its innovative global applications based on open-loop prepaid card schemes.

Klarna, for its e-commerce payment solutions.

mBank, for its Bank 3.0 approach to online and mobile banking.

Meniga, for its white-labeled PFM and next-generation online banking solutions.

Nutmeg, for its online savings and investing service that helps users manage their money.

The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.

TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.

Wonga, for its service that provides small, short term cash advances to UK consumers online.

Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.


To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we've compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.

Below, you'll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:


The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.


  • The ability to hold multi-currency balances in an ewallet
  • Faster international payments
  • Delivered though our upgraded intuitive interface

  • Why it's great:
    Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.  


    Mike Laven, CEO
    Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years


    Richard Bastin, CTO
    With a lifelong passion for technology, Richard has been leading technology departments for over ten years


    ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.


      • Holistic multichannel partnership ecosystem for banks and partners
      • Personalized service offerings enabled by smart data analysis
      • Customer loyalty platform with enhanced fraud prevention

    Why it's great
    Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention. 


    Kestutis Gardžiulis, CEO
    Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator. 


    Asta Sabaite, Head of Marketing
    Asta's broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client's needs.

    Feedzai provides payment fraud prevention at Big Data scale.


      • Connect mobile bank apps to social apps such as Facebook and Yelp, privately
      • Consumers check in and post status (geolocation) to protect their transactions
      • Feedzai's fraud software lets banks "friend" customers, offering added peace-of-mind
    Why it's great:
    Feedzai lets consumers and Banks be Facebook friends in order to make omnichannel commerce safe.


    Nuno Moura Pires, VP of Sales
    Nuno is a senior sales executive with 15 years experience with a solid and extensive experience in technology and software companies like QlikView and SAS.

    IND Group is a digital banking, PFM and payments technology software innovator and vendor for financial institutions.


      • Turns the mobile banking channel into a real-time communication platform 
      • Persona-based design
      • Revolutionary card view concept
    Why it's great: With IND Essence, all services are only a few taps away - anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure.  


    József NYÍRI
    József is the Co-Founder and Chief Innovator of IND Group, market leader of innovative banking front-office solutions.


    Tamas BRAUN
    Tamas is the General Manager of IND (UK), a subsidiary of IND Group, a leading international innovative banking front end solution vendor.


    Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation digital banking solutions.


      • Unique way to create value from data and analyze spending behavior
      • Anonymous and based on consent of retail banking customers
      • New revenue stream. Actionable, real-time insights into retail markets
    Why it's great
    The Market Watch provides unprecedented, real-time, insights into consumer spending behavior, allowing banks to offer a highly valuable service to retail industry players. 


    Georg Ludviksson, CEO
    Georg is an accomplished technology entrepreneur with over 15 years of experience of founding, building and managing software companies with a global perspective. 

    Einar Gústafsson, VP Product Management at Meniga
    An interaction and information designer with a special focus on financial data and online banking. Einar has been working in the web industry since 1998 and is responsible for Meniga's product roadmap.


    Trustev provides real time, online identity verification to eliminate fraud and increase revenues.


      • Brings retail identity decision making in the internet age
      • Provides identity decisions in real time
      • Uses multiple independent dynamic data sources 
    Why it's great:
    Its rigorous authentication technologies deal with fraudsters, so you can serve your real customers.


    Pat Phelan, CEO & Co-founder
    One of Ireland's best-known serial entrepreneurs, Pat Phelan is recognised across the globe as one of the most connected men in the technology industry.


    Chris Kennedy, CTO & Co-founder 
    Kennedy is a web professional with over 10 years experience in developing state of the art web engineering solutions with a speciality in building heavy duty web platforms.

    Stay tuned over the next few weeks for more in our Sneak Peek series.

    As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we'd take some time to catch up with last year's best of show winners to see what they've been up to over the past 12 months.

    Here are last year's winners, in alphabetical order:


    Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

    What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
    Demo video

    What they've been up to:

      • Celebrated the second year of its social media bank and attracted 3k banking customers.
      • Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.


    Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries. 

    What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
    Demo video

    What they've been up to:

    • Was recognized as Lithuania's most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
    • Released a mobile banking app for Medicinos Bankas.
    • One of the DNB Group's Internet banks implemented BANKTRON and its newest adaptive interface.


    Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

    What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

    What they've been up to:

      • mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
      • mBank announced a new transactional service, new logo, premium offer for affluent customers.
      • Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
      • Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title


    Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.

    What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

    What they've been up to:

      • Promsvyazbank in Russia launched Meniga-powered PFM-Service
      • Raised $6.5 Million (€5 Million) to further develop PFM and online banking
      • BRE Bank launched its "new mBank"based on Meniga´s PFM solution


    Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.

    What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers manage and improve their financial health

    What they've been up to:

      • Launched their Android app
      • Updated the iOS app
      • Received $2 million investment from Life.SREDA
      • Expanded the beta sign ups for the bank
      • Debuted Money Pulse to help users manage day-to-day finances


    Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.

    What they demoedAn e-commerce solution that enables kids to manage and spend money within a parent-controlled environment

    What they've been up to:

    • Rebranded as Oink
    • Launched new iOS mobile app
    • Contracted with Marvelous USA to provide its payment system on their site
    • Expanded to a quarter of a million users
    • Signed its first UK partners, Toy Galaxy and Toadstool
    • Won The National Parenting Center's 2013 Seal of Approval under the Websites category.
    • Partnered with epay
    • Received Excellence in Best Practices Award from Frost & Sullivan


    Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

    What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another

    What they've been up to:

    • Launched Android app
    • Presented their solution to the Bavarian Ministry of Economics


    Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

    What they demoed: Their mobile point of sale system

    What they've been up to:

    • Expanded to Latin America with launch of m-payments service in Brazil
    • Cut its transaction fee across Europe
    • Received investment from BBVA Ventures to aid in expansion to South America
    • Launched plug-and-play POS technology
    • Received multi-million Euro investment from Amex and Groupon
    • Launched in Russia and partnered with Svyaznoy Group
    • Partnered with Revel Systems to facilitate card payments
    • Began supporting AmEx in some European markets

    To be a part of the action at this year's FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

    Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.

    2013 funding summary:
      • 62 companies raised $825 million
      • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
      • October was the busiest month, with $177 million raised (mostly Xero's $150 million)
      • May was second highest with $91 million raised by 7 companies
    2012 comparison
    Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.

    Quarter 1 -- blog post
    More than $155 million raised by 14 companies

    January -- $57 million raised by 6 companies
    February -- $56 million raised by 5 companies
    March -- $42 million raised by 4 companies

    Quarter 2 -- blog post
    More than $205 million raised by 15 companies

    June -- $81.7 million raised by 6 companies
    May -- $91.5 million raised by 7 companies
    April -- $32 million raised by 2 companies

    Quarter 3 -- blog post
    More than $171 million raised by 22 companies

    July -- More than $63 million raised by 8 companies
    August -- More than $26 million raised by 6 companies
    September -- $82 million raised by 9 companies

    Quarter 4
    More than $294 million raised by 17 companies

    October-- $177 raised by 6 companies
    November -- More than $87 million raised by 7 companies
    December -- More than $30 million raised by 6 companies

    Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at or

    Innovations at FinovateEurope 2014: Part 2

    Thumbnail image for FinovateEurope2014wdatehighres.jpg

    A week ago we introduced you to half of the companies that will be demoing their technologies on stage for FinovateEurope 2014.

    Today we're providing the second half of our scheduled roster for February.

    For more information, and to get your tickets, visit our Finovate Europe 2014 page here.

    Luxoft's iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients.

    Thumbnail image for matchi_logo.jpg
    Matchi is an innovative matchmaking platform for banks and innovators to establish collaborative relationships that deliver increased ROI for innovators and banks alike.

    Thumbnail image for MenigaLogo.jpg
    Meniga is Europe's leading white-label PFM provider. The company helps banks improve their businesses through data-mining, cross-sales, and improved retention.

    Mobino enables mobile payments for 5 billion people, from any phone, no credit card required.

    The Moneyer is the future of online Personal Finance Management.

    Thumbnail image for Money_on_toast_logo.jpg
    Money on Toast delivers independent and whole of the market, FCA-regulated financial advice online via its algorithm-powered adviser.

    MyOrder provides a m-commerce mobile app that serves businesses in parking, catering, and entertainment.

    Thumbnail image for mywishboard_logo.jpg
    myWishBoard is the first crowdfunding platform for personal dreams and wishes.

    NF Innova_losres_logo.jpg
    NF Innova's Personal Experience Module, a part of iBanking product suite, enables banks to offer their customers a truly unique and tailored user experience.

    Nostrum Group has built a virtual collection product that automates and optimizes the delinquency management process.

    Thumbnail image for nous_net_logo.jpg's Spark Feed is a real-time financial data service that helps you understand and predict the markets.

    payworks is the provider of a mobile POS, Software-as-a-Service platform that lets developers quickly build payment functionality into their shopper and merchant apps.

    Thumbnail image for Thumbnail image for PhotoPay_logo.jpg
    PhotoPay's technology allows users to extract data from any document, paper or electronic, enabling billpay on mobile devices.

    Pixeliris's CopSonic is the first universal contactless mobile payment system powered by our unique technology based on sonic communication.

    Plutus Software's KreditAja credit scoring system is designed to better serve the unbanked and underbanked in Asia.

    Thumbnail image for SaasMarketsLogo.jpg
    SaaS Markets is an enterprise cloud marketplace company whose MarketMaker platform helps FIs deploy their own branded, cloud-based business app store.

    Thumbnail image for smartengine_logo.jpg
    SmartEngine stands for personalization and target marketing. As pioneers in the field of customer loyalty, Smart Engine is a driver of innovation and a leader in personalized target marketing.

    SoftWear Finance's HACU PLATFORM enables banks to provide customers with the best possible user experience on any platform or device.

    Thumbnail image for sqli_logo_new.jpg
    SQLI's Augmented Banking is a new take at Online Banking. It is aimed at positioning a bank at the very center of people's digital lives.

    Thumbnail image for TemenosLogo.jpg
    Temenos's Treasury Management Dashboard tablet app has been developed for Microsoft Windows 8 and enables the transformation of treasury operations.

    Tink is a free personal finance service that allows you to follow your money, where ever you are.

    Thumbnail image for TooTpayLogo.jpg
    Tootpay's solution is a mobile financial solution for payments, banking, telecommunications, and remittance industries.

    Top Image Systems has leveraged its deep recognition and imaging expertise to develop a powerful suite of image processing applications for mobile devices.

    Topicus Finan is a software vendor specializing in enterprise-level financial analysis. Its solution enables banks to provide self-service business lending processes for SMEs.

    Toshl Finance is a personal finance manager made fun. Find out where your money is going, keep on top of bills and spending, and set up budgets.

    Truphone, the innovative mobile operator, introduces the only global network-based recording solution for the Financial Industry.

    Trustev provides a new approach to fraud prevention through a real-time, online identity verification platform, which ensures that merchants know exactly who they are selling to.

    Yseop Sales Force Productivity Suite and its email writing application (YseMail) support financial advisors through the entire sales cycle.

    • Finovate-F-Logo.jpgAtos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.
    • Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.
    • Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous' "Digital Banking Nirvana".
    • American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.
    • Charitable givers now able to use Square Cash to donate via Bright Funds.
    • ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.
    • MasterCard now accepted for ATM cash withdrawals at Myanmar's Ayeyarwady Bank Ltd.
    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-- November 4, 2013

    • Thumbnail image for Finovate-F-Logo.jpgAlly Bank integrates Fiserv's Popmoney into its set of mobile payment options.
    • Collaboration between Meniga and Promsvyazbank (PSB) brings custom-designed PFM solutions to Russian market.
    • Cardlytics announces launch of advertising platform with Lloyd's Bank in the UK.
    • Betterment upgrades its iPhone app, launches new Android app.
    • Prosper reports $50 Million in Loan Originations in October.
    • Crowd Valley partners with BancBox, CrowdBouncer to Support Online Funding Markets.
    • Lighter Capital launches $15k Dreamforce giveaway.
    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-F-Logo.jpgPayfone Brings in $10 Million from Early Warning Systems.
    • Promsvyazbank in Russia Launches PFM-Service, Powered by Meniga.
    • Payments Source: Fiserv Makes a Payments Play for Small Businesses.
    • FinovateAsia 2013 Sneak Peek: Part 3 is up.
    • Trejdify publishes an introduction to Quantopian.
    • GMC Software Technology opens office in Australia. Join them in Singapore next month for FinovateAsia 2013.
    • For the third consecutive year Deloitte nominates Trustly as 1 of Sweden's Tech Fast 50 companies.
    • Pennsylvania's Customers Bank embraces mobile bill pay via Mitek-powered PicturePay.
    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.

    The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

    Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

    Here is the Q3 summary for 2013:

    July -- More than $63 million raised by eight companies
    August -- More than $26 million raised by six companies
    September -- $82 million raised by nine companies
    Note: Fundings prior to a Finovate appearance not included. Questions? Comments? Email us at or
    • Finovate-F-Logo.jpgComdirect bank launches PFM Service powered by Meniga.
    • SafetyPay adds the U.S. and Caribbean as regions where global merchants can accept cash payments for online purchases.
    • Locaid launches Locaid Campaigns platform to provide location-driven marketing tools to SMEs.
    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-F-Logo.jpgMeniga raises $6.5 million (€5 million) to further develop PFM and online banking.
    • ERN Global raises $1.6 million in seed funding.
    • Lighter Capital extends revenue-based financing to Canadian small businesses. Come see Lighter Capital's demo at FinovateFall.
    • Bank Innovation reports on the GoBank rollout.
    • Finect president Jennifer Openshaw sourced in USA Today column on SEC's decision to end the ban on hedge fund advertising.
    • Tinkoff Credit Systems chooses DataSpace for data center facilities and services support. Meet Tinkoff Credit Systems at FinovateFall in New York.
    • Temenos launches SocialComply to help banks go social.
    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.

    Stockholm-based PFM expert, Meniga announced early this month that it has raised USD $6.5 million (€5 million) in series A funding.

    Iceland-based Kjolfesta led the capital round. Frumtak, a previous investor in Meniga's 2010 seed round, also participated.


    Meniga will use the funds to better help banks provide a relavant and personalized customer experience by converting raw data into valuable information.

    To learn more about Meniga, watch its FinovateEurope 2013 demo.

    • Finovate-F-Logo.jpgBRE Bank, operator of mBank launches "new mBank", which is based on Meniga´s PFM.
    • U.S.-based life insurance carrier expands use of Kofax solutions by investing an additional $550k to automate document processing.
    • Personal Capital introduces new dashboard features.
    • Bank Innovation visits Dwolla's new office in NYC.
    • The Next Web reports: Simple launches its Goals feature on the iPhone.
    • Ping Identity named in IDG's Computerworld 2013 Best Places to Work in IT.
    • Zopa cuts personal loan rate to 4.9%.
    • QuantConnect adds FX, US equity tick data; raises capital.
    • MicroStrategy to partner with Hortonworks to improve Apache Hadoop usability.
    • ixaris shows off its new look and rebranding.
    • Web AppStorm reviews Kashoo's cloud-based accounting technology.
    • eDeposit teams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
    • LICUOS named a finalist in the Next Bank Madrid - Innotribe Startup Disrupt.
    • Fox Business News features Arxan CEO Mike Dager on mobile banking security.
    • Better ATM Services CEO Todd Nuttall talks about the "real lessons" from the Cyprus financial crisis.
    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.

    FinovateEurope 2013 in the Press

    Here's a look at some of the press coverage we received from FinovateEurope last week:

    Money-Transfer Service Azimo Integrates with Facebook
    By David Cohen

    American Banker
    Cardlytics Brings Offers, Rewards to Bank Customers on Facebook
    by Mary Wisniewski

    True Office, Thomson Reuters Partner to Offer Gamified Compliance Apps
    by Mary Wisniewski

    Backbase blog
    Backbase Unveils Amazon-like Digital Marketing Module at FinovateEurope 2013
    by Prue Duggan

    Bank Marketing Strategy
    Moven From Mobile Banking to Mobile Money
    by Jim Marous
    mBank idzie za ciosem i pokazuje kolejne nowości
    by Michał Kisiel 

    Nowy mBank zapowiada mOkazje i przelewy wysyłane jak wiadomości

    Banking Technology
    Finovate Europe sees arrival of the Old Guard
    by David Bannister

    Temenos debuts LiveDesigner at Finovate Europe
    by David Bannister

    Finovate Europe 2013: Bank to the Future
    by Auke Douwe

    Berliner Morgenpost
    SumUp will traditionelle Kassen abschaffen
    by Jürgen Stüber

    Computer World
    Gamification trend could save banks from huge compliance fines
    by Matthew Finnegan

    Credit Union Times
    Mobile Banking by Voice Next Up? Print Preview 
    by Robert McGarvey

    Finantix takes mobile banking to the next level
    Fresh from a $30m funding round, Kabbage looks beyond the US to launch its loans platform for UK SMEs
    by Paul Sawers

    SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
    by Paul Sawers

    El Economista
    BBVA participa en FinovateEurope entre ´startups´ europeas

    El País blog
    Móvil y banca en España
    by Álvaro Martín Enríquez

    Financial Times
    Eye-opening options
    by Peter Williams

    Money app aimed at Facebook users
    by Duncan Robinson

    Triumph of technology
    by Peter WIlliams

    Moven gears up for launch

    Temenos unveils LiveDesigner tool for Web application development

    The Currency Cloud API integrated into Salesforce and Sage 50

    Forrester blog
    Finovate Europe 2013: Bank to the Future
    by Auke Douwe Veenstra

    Finovate Europe 2013: Digital Financial Innovation
    by Benjamin Ensor

    The Currency Cloud's unique cross-border-payments-a-service capability available for leading enterprise software 

    GoMo News
    UK startup debuts mobile money app for Facebook
    by Dave Evans

    ICT journal
    Huit innovations financières primées à Finnovate
    by Hélène Lelièvre

    Temenos étend sa gamme de solutions pour l'expérience utilisateur
    by Bastien Brodard

    Intelligent HQ
    #Finovate NOW a new generation of Social Bankers
    by Hayden Richards

    FinTech News: #Finovate, #Gamification trends
    by Hayden Richards

    International Business Times
    Sharing Money On Facebook Just Got Easier: Should Banks And PayPal Be Worried?
    by Christopher Zara

    Mapa Research
    Finovate Day One Round Up
    by Paul Merry

    Finovate Day Two
    by Joshua Grant

    Money Marketing
    Ian McKenna: New tech will drive down costs
    by Ian McKenna

    Moven gives sneak peek of new mobile banking app
    by Hamish McKenzie

    Payments Journal
    Kabbage Extends Its Small Business Funding Model To the UK

    Payments Source
    Cardlytics Searches for Issuer Adoption on Facebook
    by John Adams

    PR Web
    Meniga Awarded its Second "Best of Show" Trophy at Finovate

    Programmable Web
    Integrate Cross-border, International Payments Processing with Currency Cloud's XBPConnect API
    by Eric Carter

    Puls Biznesu blog
    Taki będzie Nowy mBank

    RFP Connect
    SAGE SA To Introduce BlackSwan Financial Platform at FinovateEurope 2013

    Shiny, Shiny
    Azimo lets you transfer money to your Facebook friends
    By beccacaddy

    Ezbob to expand to the US
    By Chris Dawson

    Kabbage announces UK launch at Finovate EU
    by Chris Dawson

    Kabbage Brings Data-Focused Online Merchant Lending To The UK
    by Leena Rao

    Social Money Transfer Service Azimo Adds Facebook Integration To Squeeze Western Union
    by Steve O'Hear

    Now you can use Facebook for international currency transfers
    By Justin Harper

    The Next Web
    Cardlytics' transaction-linked ads for bank statements to get Facebook integration, as EU launch nears
    by Paul Sawers

    Open Bank Project aims to bring financial transparency to organizations with an API and Web 2.0
    by Paul Sawers

    P2P FX platform CurrencyFair announces $500m of transactions so far,
    and vies fo $1bn in 2013 alone
    By Paul Sawers

    SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
    by Paul Sawers

    BBVA triunfa con Stockbuzz, una app que analiza el IBEX35 en Twitter
    by Miriam Castellanos

    Azimo claims first with Facebook funds transfer service
    By Travolution

    Kabbage brings its quick fix loans to UK merchants
    by Christina Farr

    Thanks to everyone who came and helped make this year's FinovateEurope the biggest yet.
    We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact with the link.

    FinovateEurope 2013 Best of Show Winners

    Our third FinovateEurope wrapped up a few hours ago. At the end of each of the two jam-packed days, the London audience voted for their favorite three demos. The top eight overall were named Best of Show (see notes).

    The winners (in alphabetic order):

    • Credit-Agricole for its app store where it is wooing outside developers
    • ETRONIKA for its BANKTRON e-channel management platform
    • mBank with Efigence for their Facebook & social platform 
    • Meniga for its PFM platform, including "buy" vs "not buy" feature
    • Moven (Movenbank) for the worldwide launch of its mobile-optimized bank
    • Pockets United for its group purchasing mobile solution
    • SumUp for its mobile point-of-sale system
    • Virtual Piggy for its kids' payment system with parental controls

    We'll have videos of all 64 demos posted at within a few weeks.

    Congratulations to the presenters for our first Finovate with zero demo fails (sure their where a few glitches here and there). And thanks to everyone who attended, tweeted, networked, blogged, and set up an enormous number of post-show meetings. You are pushing fintech forward, and consumers everywhere will benefit.


    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 eight companies appearing on the highest percentage of submitted ballots were named Best of Show.  
    5. Go here for a list of previous Best of Show winners.

    This post is a part of our live coverage of FinovateEurope 2013.

    Thumbnail image for MenigaLogo.jpgWrapping up the first session this morning, Meniga demonstrated its platform that helps users make smart purchasing decisions:

    "To buy or Not to buy is a white-label module for mobile banking applications, that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something. 

    It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would get if they save the money and use it to feed their goal instead.

    One unique aspect of this innovation is allowing users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends."

    Product Launch: December 2009

    HQ: Stockholm, Sweden
    Founded: 2009
    Metrics: $1.3M raised, 35 employees, cash-flow positive. European market leaders in white-label PFM solutions for retail banks with 10 implementations and with retail banks in Sweden, Norway, Finland, Germany, Poland, S. Africa, Russia and Iceland.
    Twitter: @meniga

    Presenting Georg Ludviksson (CEO & Co-Founder) and Einar Gustafsson (VP Product Management)

    FinovateEurope 2013 Sneak Peek: Part 3

    With just a few weeks to go before FinovateEurope, here's the third and final part of our Sneak Peek preview of the companies demoing in London (click here for part 1, here for part 2).

    There still time to get your ticket and be a part of the conference in London on February 12 & 13 at Old Billingsgate Market Hall. For more information or to register, visit our FinovateEurope page here.

    Each presenting company supplied a few teasers about the innovations they will be showcasing at the event.


    Thumbnail image for AkamaiLogo.jpg

    In a unique demonstration, Akamai will command agents and attack servers across the Internet to launch attacks commonly directed at financial services sites (including SQL injection, slow HTTP post, and DDoS attacks) at a pair of live demonstration banking sites on the public Internet. One site in the clear, and one protected by Kona Site Defender.

    The demonstration will show how these attacks can compromise an unprotected site, and how Kona Site Defender is able to detect and mitigate these attacks automatically, live, in real-time. The demonstration will feature innovative adaptive rate control and real-time Web security monitoring security technologies.

    Innovation type: Security



    A lot is happening on the front-end of payments: Mobile POS, mobile wallets, NFC payments ... The back-end of payments, however, remains untouched. A card transaction is nothing more than a money transfer.  Meanwhile, developers dread the prospect of having to develop native applications for each of these new, front-end payment platforms.

    So why not an API that sits at the very heart of the transaction network, on top of the most widespread means of payment: the payment card? What if one could link applications to payment cards, essentially turning what's already in consumers' pockets into a loyalty card, a discount voucher or a means of sending them digital receipts?

    Innovation type: Rewards, cards, back office

    Device Ident

    Device Ident will showcase its new solution to prevent online fraud in real time. Our product identifies and evaluates any device interacting with our customers' online services, and analyzes history and behavior of the visiting device to prevent fraud and misuse for all our customers.

    It is easily integrated into our customers' online services and it fully complies with European privacy laws.

    Innovation type: Security, identity

    Five Degrees

    Watch a fully automated model bank with an unparalleled level of self-service giving both customer and bank imminent insight and control in the process.

    Through our Web-based, mid-office portal, Five Degrees offers the potential of enormous business benefits in terms of efficiency in adapting new business processes on the go. As today's market demands, our open services hub integrates with external services like KYC checks, Passport Validation, and PFM.

    Come and view the fast and instant response for the next banking generation: rapid deployment, rich customer experience, instant and transparent insight for bank and client alike.

    Innovation type: Back office, banking, communications, sales


    Thumbnail image for FreeAgent_logo.jpg
    FreeAgent is the UK's market leader in SME cloud accounting software. The FreeAgent platform's capabilities extend far beyond traditional accounting software, and are developing toward performance and health measurement tools, providing vital information for both the businesses themselves and current or prospective lenders.

    We will demonstrate how cloud accounting and the associated data creation, aggregation and interpretation functions can provide financial institutions with real-time insights into the underlying fundamentals and risk trends existing within a single business or across a base of clients.

    Innovation type: Back office, lending, small business


    GMC Inspire Dynamic Statement is an interactive and engaging way to present your customers' statements, online or offline.

    Instead of the standard online statements, GMC Inspire can generate thousands of dynamic statements in minutes, presenting your customers' data through attractive charts and graphs that are fully clickable.

    Areas that require attention and action can be highlighted and customers can even drill down to granular level detail, providing a fully intuitive service. GMC Inspire also allows you to track usage of every statement and use this data to populate relevant offers and marketing messages for every customer.

    Innovation type: Mobile, PFM


    Thumbnail image for MenigaLogo.jpg
    "To Buy or Not to Buy" is a white-label module for mobile banking applications that uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

    It allows users to check if they can afford what they are about to purchase or see how much closer to their savings goals they would be if they saved the money and used it to feed their goal instead.

    One unique aspect of this innovation is allowing the users to leverage their social networks and direct messages to crowd-source the decision and instantly collect feedback before making the purchase. This fun and simple feature uses gamification to engage users and their network of friends.

    Innovation type: Mobile, online, PFM, rewards


    PhotoPay provides the easiest and fastest way to pay paper and PDF bills using mobile devices.

    Paying bills on a mobile phone is often difficult. Manual data entry is cumbersome and frustrating for smartphone users. PhotoPay has developed an advanced technology that significantly improves the mobile bill payment experience for both paper and electronic bills.

    Banks and payment providers love PhotoPay because it can dramatically improve user experience and increase bill payments transactions. Our first bank customer has seen a 2,000% increase in mobile bill payments after implementing PhotoPay.

    Innovation type: Payments, cards

    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCNBC covers how SecondMarket is looking to move from trading Facebook to Pinterest.
    • TechCrunch reports Boku launched billing partnership with Sprint, giving it partnerships with all 4 major U.S. carriers.
    • Meniga's PFM solution powers Sweden's first Smartbank, launched by Skandia.
    • SecureKey adds 40 staff in past six months, reaches business and recognition milestones.
    • Lendio sees nearly 500% increase in matching businesses with small business loans.
    • Check Point launches free ZoneAlarm anti-virus/firewall combo.
    • Forbes features article by Mike Alfred, CEO of BrightScope, discussing the differing opinions he, Personal Capital and FutureAdvisor have on the role of financial advisors.
    • Fiserv to offer global ACH payments through partnership with Earthport.
    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.
    Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg
    • SimpleTuition's now used by over 40 colleges & universities.
    • Meniga's PFM goes live within Skandibanken's online bank in Norway.
    • Mobile Enterprise Strategies interviews Kony's VP of Mobile Strategies, Sam Lakkundi.
    • Super Sprowtz to implement Virtual Piggy's child-safe e-commerce tool.
    • Swipely launches Main Street Marketing Manager.
    • Seeking Alpha passes 1 million members, doubles its size in less than 2 years.
    • ThreatMetrix lands $18 million in Series D funding.
    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.

    Meniga Takes its PFM to Australia

    Thumbnail image for MenigaLogo.jpg

    Personal finance software provider Meniga announced yesterday that it partnered with Rubik, a company that builds software for banks, to bring its PFM to Australia:

    "Both of them are offering a hosted option as well as a classic, enterprise play with on premise, white-label PFM, Rubik and Meniga will account for the needs of all sizes of Financial Institutions..."

    The partnership is built on Meniga's PFM solution and leverages Rubik's relationships with Australian-area financial institutions.

    To learn more about Meniga, watch its FinovateEurope 2012 demo.

    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeMudhra partners with Monitise to help launch mobile payments service.
    • Credit Karma profiles SaveUp. Come see SaveUp at FinovateSpring in May.
    • David Stone, CashStar CEO, named business leader of the year.
    • VentureBeat explores PayPal Here's packaging.
    • ChargeSmart blog looks at what's behind Dynamics smart cards.
    • AcceptEmail and PostNL enter into a strategic partnership.
    • Meniga takes its PFM to Australia.
    • Lighter Capital makes borrowing even easier by launching Design-A-Loan.
    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.
    Thumbnail image for BOSBadge.jpg

    We recently looked back at Finovate's Best of Show Awards archives and wanted to share the list of the 41 award-winning companies.

    Here's the Best of Show history that stretches back to 2007, the inception of Finovate:


    Held October 2, 2007

    Mint: Online PFM for individuals

    Mortgagebot's Mortgage Marvel: Mortgage marketplace

    Prosper: P2P lending network


    Held April 29, 2008

    First ROI (now BancVue): Develops products and services for community financial institutions

    Jwaala: Provides software solutions to help financial institutions compete

    Zecco: Online stock and options trading

    Zopa: P2P lending network


    Held October 14, 2008

    CheckFree: Online banking platform 

    Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile

    Mint: Online PFM for individuals

    Neosaej's MoneyAisle: Platform where banks compete in live auctions for an individual consumer's business 


    Held April 28, 2009

    BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills

    Prosper: P2P lending platform

    Silver Tail Systems: Predictive analytics to prevent fraud abuse

    SimpliFi: A web service that allows anyone to create and update their own financial plan


    Held September 29, 2009

    BancVue's Kasasa: national checking/ savings account brand for community financial institutions Provides free interactive tools, education, and unbiased comparisons of quality financial products and services

    Digital Insight from Intuit: Provides on-demand banking services to help financial institutions serve clients

    Silver Tail Systems: Provides online fraud detection platform 

    Yodlee: Provides personalized financial solutions to financial institutions


    Held May 11, 2010

    Bobber Interactive: Money management platform for youth

    Expensify: Online and mobile expense report platform

    oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

    Wikinvest: A platform for investors to share trading tips

    Thumbnail image for FinovateFall2010.jpg

    Held October 4-5, 2010

    Betterment: Investment account for savings management 

    BillShrink (now Truaxis): Loyalty rewards provider

    Bundle: Provides socially informed money management for individuals

    Dynamics: Produces and manufactures intelligent powered cards

    oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

    PayNearMe: Cash transaction network for the underbanked

    SecureKey: Token-based authentication technology


    Held February 1, 2011

    eToro: Social investment network

    Finantix: Provides sales and advice solutions for financial services 

    Liqpay: Payments platform

    Meniga: Online PFM for financial institutions


    Held May 10-11, 2011

    BancVue: Develops products and services for community financial institutions

    BankOns: Mobile app offering consumers real-time savings at local merchants

    Dwolla: Online, mobile, and social peer-to-peer payment platform

    oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

    Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via their devices' cameras

    PayNearMe: Cash transaction network for the underbanked

    Wikinvest: A platform for investors to share trading tips

    Thumbnail image for FinovateFall2011.jpg

    Held September 20-21, 2011

    BillGuard: People-powered antivirus for bills

    Dynamics:  produces and manufactures intelligent powered cards

    eToro: Social investment network

    FamZoo: Online "virtual family Bank"

    FeeFighters: Platform that simplifies the process of choosing a merchant account provider

    LearnVest: Online PFM for women

    Offermatic: Targeted online offers provider

    oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

    Personal Capital: Online financial advisor helping people manage their investments

    Thumbnail image for FinovateEurope2012Logo.jpg

    Held February 2, 2011

    Cardlytics: Transaction-based rewards

    Dynamics: produces and manufactures intelligent powered cards

    eToro: Social investment network

    Nutmeg: Online investment manager that democratizes saving and investing
    Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg
    • HelloWallet signs with Mercer to provide PFM tool to employees.
    • The Glass Hammer profiles Lynne Laube, President & COO of Cardlytics.
    • Desert News highlights ReadyForZero's creativity in helping consumers understand credit card debt.
    • Money Marketing looks at practical ideas from FinovateEurope, uses Meniga as example.
    • Heartland Bank selects ID Theft 911 to provide ID theft protection management, and resolution services to customers.
    • Business Centric Services Group and partners launch new training workshop to empower businesses to market online.
    • Tradeshift introduces CloudScan to simplify invoicing.
    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.

    FinovateEurope 2012 in the Press

    Here's a look at press coverage from FinovateEurope on Tuesday:

    ABA Banking Journal
    Innovative payment startups, 2012 Edition

    ETRONIKA Creates Kinect-Based Security For Online Banking
    by Greg Anderson

    Backbase Blog
    FinovateEurope 2012: a brief review 
    by Jelmer de Jong

    Bank Innovation
    7 New Services Launched at FinovateEurope 2012
    by Mary Wisniewski

    Banking Technology 
    Finovate Europe packs in the punters

    Blick Log 
    Finanzinnovationen von der Finovate
    by MNOCKERL 

    Finovate Europe points way to the future
    by Neil Ainger

    Another take on Finovate
    by Gareth Lodge

    FinovateEurope 2012: More Payments and Mobile, Less PFM
    by Zilvinas Bareisis

    Innovative Payments Startups, 2012 Edition
    by Zilvinas Bareisis

    Commercial Integrator
    Etronika Unveils Improved Microsoft Kinect-Based Online Banking
    by Rachel Cericola

    Finance 2.0
    Finovate 2012: Der erste Eindruck
    by Boris Janek

    Financial Services Club Blog
    The best of innovation in finance: #Finovate Europe 2012
    by Chris Skinner

    Live at Finovate
    by Pat Carroll

    AcceptEmail's Service Creates an Electronic Bill that Can Be Paid by Mobile

    Actiance's Socialite Engage Helps Advisors Manage Social Media

    Aimia and Cardlytics Help Merchants Track Offers and Revenue

    Backbase Improves Bank 2.0 Portal Manager

    Business Centric Services Group Launches CreditHQ

    Brokertainment's StockBattle Lets Users Engage in Social Betting on Stocks

    CurrencyFair Launches QuickTrade Feature

    Dynamics Shows Off Smart Credit Card

    eToro Introduces Guru Finder, Launches iPad App

    ETRONIKA Revolutionizes How Users Interact with their Online Bank

    Fenergo's Deal Manager Helps with Client On-Boarding and Account Opening

    Figlo Makes Financial Planning Accessible on Any Device

    FinovateEurope 2012 Live Twitter Transcript

    Finsphere's Solutions Keep Online Banking Secure

    Fiserv Introduces Mobiliti M-Cash

    Handpoint Launches Secure Payment Solution for Tablets and Smartphones

    Holvi Unveils Group Account Technology

    IND Group's Banking-Front Office Gamifies Personal Finance

    InvestorBee From DCisions Helps Users Make Sound Investment Decisions

    Ixaris Demonstrates Customizable Card Program in a Box

    Kabbage's ScoreKard Gives Online Merchants a Dashboard of Health

    Liqpay's Allows for Easy Online Payments

    Luup's Wallet System Facilitates the Internal Authorization Process

    Meniga Upgrades PFM to Align with How People Think About their Money

    miiCard Launches Open Beta of a Digital Passport for Online Identification

    Mootwin Enables Users to Better Manage Mobile Apps

    Nutmeg Offers a Tailored Investing and Saving Experience

    PayPal Demonstrates Instant Account Creation

    Ping Identity Shows How Financial Institutions Can Use Social Networking Logins

    Sandstone Launches Mobile Banking App

    Serverside's Technology Creates Viral Marketing Through Facebook

    Service2Media Enables Secure Mobile Payments

    Striata Launches Paperless Adoption Technology

    Tradeshift's Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices

    VALid from ValidSoft Uses Voice Authentication

    Wipro Brings Customer Acquisition to the Tablet

    ForresterLogo.jpgForrester Blogs
    Finovate Europe 2012: Innovation In Digital Financial Services
    by Benjamin Ensor

    Finovate Europe: best of show winners
    by Scott Thompson

    Hotwire PR blog
    Finovate Europe 2012 - the aftermath
    by Ben L

    I Programmer
    Kinect The Ultimate Security Device
    by Harry Fairhead

    Inside Brunei fm
    ETRONIKA Brings online banking to Gesture Control, But Why?
    by Roshan Jerad Perera

    miiCard Blog
    Impact of Financial Services in 2012, from FinovateEurope
    by Cassie Anderson

    A Cookie for Your Thoughts
    by Cassie Anderson

    Mircea Mihaescu Blog
    Finovate London-- More Old News?
    by Mircea Mihaescu

    Money Marketing 
    Ian McKenna: Technology the key to building scale
    by Ian McKenna

    Ian McKenna: The new wave of FS tech
    by Ian McKenna

    My Bank Tracker
    Wave Your Arms in the Air: Etronika's Gesture-Based Banking
    by Willy Staley

    Nutmeg Blog
    Nutmeg wins 'Best of Show' at Finovate Europe
    by Aisha, Jono and Nick

    OCTO Talks!
    Innovation dans les services financiers: Retour sur Finovate 2012
    by Joseph Glorieux 

    Partners in Prepaid
    Finovate 2012: New Kids on the Block
    by Duygu Tavan

    Payment Observer 
    Trends and Innovation in Finance: FinovateEurope 2012
    by Martin Schuppelius

    Kinect-Powered Online Banking Logs You In With Your Face And Voice
    by Emma Hutchings

    Slash Gear
    ETRONIKA produce Kinect-based online banking
    by Chris Burns

    TechCrunch Europe
    Lithuanian company develops Kinect-powered online banking system
    by Mike Butcher

    Financial Services and Data exhausts
    by Yann

    Kinect based online banking from Etronika a reality now
    by Edwin Kee

    Visible Banking
    Cardlytics: Merchant Coupons within Online Banking [INTERVIEW]
    by Christophe Langlois

    Currency Fair: the P2P Marketplace to Exchange Currency on your Terms [INTERVIEW]
    by Christophe Langlois

    Etronika: Kinect Banking at the Branch, Minority Report Style [INTERVIEW]
    by Christophe Langlois

    etoro: Copy Trading, Gamification and Personal Branding [INTERVIEW]
    by Christophe Langlois

    Finovate Europe 2012 (Photos, Videos, Crowdsourced Blog Coverage)
    by Christophe Langlois 

    Holvi: One Stop Shop for Groups - Crowdfunding, Budgeting, Expensing
    by Christophe Langlois

    iBrokr's StockBattle: the World's First P2P Option Game [INTERVIEW]
    by Christophe Langlois 

    IND Group: Bringing Gamification into the Online Bank [INTERVIEW]
    by Christophe Langlois

    Kabbage: for SMEs, More Social Media Engagement = More Cash [INTERVIEW]
    by Christophe Langlois

    LiqPay's Zip: a Payment Details Shortener ' Style' [INTERVIEW]
    by Christophe Langlois

    Meniga's CEO: PFM Fully Integrated to Online Banking [INTERVIEW]
    by Christophe Langlois

    Nutmeg: Providing Private Banking Services to the Masses [INTERVIEW]
    by Christophe Langlois

    Ping Identity: Tapping Social Media to Customize Customer Experience in Banking
    by Christophe Langlois

    Serverside Group: Customize your Card Design on Facebook [INTERVIEW]
    by Christophe Langlois

    Vision Research Lab
    Finovate-- look out for these companies
    by Duygu Tavan

    Finovate-- Who to look out for
    by Duygu Tavan

    Finovate: Hot stuff from Finland - meet Holvi
    by Duygu Tavan

    Luup launches Mobile Travel Authorisation & Budget Management Service
    Thumbnail image for MenigaLogo.jpg

    Wrapping up the third session, Meniga demonstrated its enhanced PFM:

    "Meniga is expanding its PFM Solution so that it completely merges with the traditional online/mobile bank, adding highly user-centric interfaces for several key online banking functions, such as bill-pay, alerts, and account presentation.

    The interface de-emphasizes real accounts and actual balances and instead shows 'uncommitted balance' and virtual accounts that are better aligned with how people think about their money. It allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account's balance becomes too low to meet commitments and forecasted expenses."

    Product Launched: December 2009

    HQ Location: Reykjavik, IcelandCompany
    Founded: March 2009
    Metrics: $1.3 million raised, 18 employees, 5 implementations with retail banks in Sweden, Norway, and Iceland

    Presenting Georg Ludviksson (CEO & Co-Founder) & Einar Gustafsson (VP of Product Management)

    Thumbnail image for FEU2012LogoHigh.jpg
    As promised last week, here is our second "sneak peak" into the hot young startups and established leading companies that will demo their latest fintech innovations at the second annual FinovateEurope next February 7th in London.

    As we mentioned in the first sneak peak, we asked each handpicked company to "whet your appetite" by providing a short summary in their own words of the innovation that they will be debuting on stage. We've compiled them below.

    Don't miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you'll lock in the early-bird price!

    Backbase will be presenting major new features in its Bank 2.0 Portal Manager, focusing on the following key points:

    • Improved editor for page composition on regular browsers and mobile devices
    • Advanced segmentation and targeting for different customer groups
    • Fully integrated forms editor for enrollment and BPM
    • Advanced analytical and performance tools
    Innovation type: Marketing, mobile and tablet UI, online UI

    Aimia's unique advertising platform, powered by Cardlytics, enables banks to deliver rich, relevant rewards to their customers. The platform uses customers' unique purchasing history to deliver rewards that strengthen retention rates, increase card usage and improve customer relationships. The Cardlytics platform does all this without the need for any personally identifiable customer data.   

    Critical to the success of the programme is merchant engagement. Aimia and Cardlytics will be demonstrating the portal which is used by merchants to track offers and report on revenue. The suite of merchant management tools allows merchants to deliver targeted strategies that deliver measurable results. 

    Innovation type: Cards, marketing, rewards

    eToro provides you with immediate access to the largest investment network in the world giving you the ability to quickly find and easily build your own people-based portfolio of top performing traders. Automatically copy every trade your personal dream-team makes into your own investment account and start copying the success of the most successful traders. 

    eToro reinvents the way people invest their money by propelling them into the fast growing world of social investing. Take advantage of the wisdom of the crowds and make smarter investment decisions with full transparency and control over your invested funds at any given time.

    Innovation type: Investing, online UI, PFM

    KYC compliance is a hot topic for financial services and Fenergo will introduce its Deal Manager application for client on-boarding, KYC compliance and account opening.

    Fenergo will demonstrate how banks and financial institutions can reduce the burden and cost of KYC compliance with its straightforward application which manages all of the complex KYC data gathering and document processes and ensures full compliance with industry regulations. 

    The best bit is that its Deal Manager application also supports credit processes and legal document execution, so processing new client applications has never been so straightforward. 

    Innovation type: Back office, sales

    An onboarding tool that increases customer engagement at the same time? Figlo offers you a complete solution to gain insight in financial matters on a consumer level. Financial planning is now accessible for everyone on any device. 

    Curious? Figlo's 7 minute demo will reveal the power of financial insight.

    Innovation type: Mobile and tablet UI, sales

    Handpoint will be demonstrating the first totally secure mobile Chip & PIN payment solution for tablets and smartphones. The solution supports all card payments; magstripe (MSR), Chip & PIN, Chip & signature and contactless NFC Payments (2012).

    With Handpoint's Platform-as-a-Service acquiring, banks and MNOs can offer small/micro merchants card payments, tablets, and smartphones under their own brand name.

    Innovation type: Payments, mobile and tablet UI

    Holvi replaces the plain old bank account with a current account built from the ground up for group activities. It helps customers collect more money, better understand their finances, and save time for their core activities. Customers include event organisers, sports clubs, and student associations and they can do all their banking with Holvi, without needing another bank account. 

    Holvi is regulated as a payment services provider by the Finnish Financial Supervisory Authority (FIN-FSA), and it has the necessary banking partnerships in place to operate payment accounts for customers on a pan-European basis.

    Innovation type: Banking, online UI, payments

    Facebook logins are crucially important. Online banking logins are severely difficult to remember. Can something be done about this and still meet the highest standards of identity security? 

    Ping Identity will show you how to deliver the best login experience to your prospects and customers. Don't turn them away with form filling and repetitive password requirements. Give them access to your financial networks and partners. Build trust and relationships with your customers.

    Innovation type: Identity, marketing, security

    Meniga is expanding its PFM solution to add a new, highly user-centric layer on top of traditional online/mobile banks. 

    The interface de-emphasizes real accounts and actual balances and instead shows "uncommitted balance" and virtual accounts. It also allows users to automate routine tasks and includes an alert framework designed to bring peace of mind by alerting users before bills go unpaid or before any account's balance becomes too low to meet commitments and forecasted expenses.

    Innovation type: Online UI, Payments, PFM

    Investing is scary. I can invest, but I forget to buy or sell or rebalance. My financial advice has been useless. I want to be in control of my finances. I know I should be doing more with my money. 

    Nutmeg knows that investing is about more than money. It's a passport to the life you want. That opportunity shouldn't be reserved just for the wealthy, or just for those in-the-know.

    Nutmeg asks, what if investing were simple and beautiful? And what if everyone could do it?

    Innovation type: Investing, online UI, PFM

    Banks around the globe have really struggled to understand how they can leverage the power of Facebook. 

    Serverside has developed a new and unique way to leverage Facebook in an exciting and engaging manner that drives real brand value, loyalty and engagement from your customers.

    Innovation type: Cards, marketing

    Going paperless saves money and improves customer service. However, most customers are not switching off paper because the registration process is inconvenient, complicated and results in having to remember another username and password and to fetch the document every month.

    Striata's eConsent puts you in control of the paperless conversion process. Its clients are exceeding their paperless objectives and achieving a positive ROI in a matter of months.

    Innovation type: Back office, communications, marketing

    What would make the biggest impact on the way you manage cash flow and financing? Improved processes? Streamlined operations? Or maybe more flexibility in the way you manage payment terms with suppliers?

    Things change. Shift happens. Tradeshift has already transformed invoicing, now its doing the same with supply chain finance. 

    Innovation type: Back office, payments, small business
    Finovate_FEU_2011_BestofShow.pngIt was a fantastic day at the first FinovateEurope as 35 banking and financial technology companies debuted their latest innovations in front of a packed house. It was the first Finovate without at least one demo blowing up, though there were a couple close calls.

    At the end of the day, attendees voted for their three favorite products. The four leading vote getters were named FinovateEurope "Best of Show" (see notes on methodology). Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top today were as follows (in alphabetic order):

    • eToro launched OpenBook (CopyTrade & CopyTrader) which allows users to follow & copy trades of other users
    • Finantix introduced a suite of iPad applications for financial advisors to use in face-to-face client discussion
    • showed its new "$hop app" which allows a bank's small business customers to easily set up a Facebook shop for ecommerce
    • Meniga  demoed its personal financial manager with an added gaming layer that combined humor with "social curiosity," for example, to compare spending to peers

    Congratulations! And thanks to everyone who presented, sponsored, attended and followed the @finovate tweets.

    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 as the day went on. Ballots were turned in at the end of the last demo session. The exact written instructions given to attendees: "Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. Note: Ballots with more than three companies circled will not be counted."

    Watch Demos

    Click above for video archives of all demos.



    See all Finovate tweets