FinovateAsia 2016: A Tale Told in Tweets

FinovateAsia 2016: A Tale Told in Tweets

img_2092We are thrilled so many people came out to attend FinovateAsia 2016, our first foray into Hong Kong. It was a great opportunity to see firsthand how one of Asia’s most dynamic economies is embracing the worldwide revolution in fintech innovation.

For those unable to attend FinovateAsia in person, our live coverage on Twitter (@Finovate) was a way for fintech fans to follow along. And as always, our live tweeting was supplemented by the insights and observations from our knowledgeable attendees. Here’s a small sample of what they saw and had to say this week in Hong Kong via Twitter.

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Finovate Alumni News

On Finovate.com

  • “FinovateAsia 2016: A Tale Told in Tweets”

Around the web

  • Vantiv to acquire Moneris USA for $425 million.
  • IBM to help Thailand’s KBank develop blockchain network to fast-track complex corporate credit processes.
  • Aerospike launches new version of platform designed for enterprise customer-engagement apps.
  • Wipro wins 2016 Customer’s Choice award in the IT Provider of the Year category of the Payload Asia Awards.
  • Bill.com introduces new digital payments solution, Bill.com Connect.
  • “Overbond Integrates Thomson Reuters Data Universe to Optimize Price Discovery”
  • MX to power financial data for Tyfone digital banking solutions.

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.

Bambu Wins Spot in Hong Kong SuperCharger FinTech Accelerator

Bambu Wins Spot in Hong Kong SuperCharger FinTech Accelerator

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Fresh off its debut at FinovateAsia 2016, Asian robo-advisor Bambu has earned a spot as one of eight startups in SuperCharger FinTech Accelerator 2.0 in Hong Kong. The program, sponsored by Standard Chartered Bank and Fidelity International, lasts 12 weeks and provides participants with working space in Cyberport’s new 4,000-square-foot Smart-Space FinTech Centre.

Quoted in Crowdfund Insider, SuperCharger founder Janos Barberis praised the quality of the eight startups entering the program and said they’re a testament to SuperCharger’s role as one of Hong Kong’s leading accelerators. “[It] reflects the role our accelerator plays for the sourcing of products, solutions, and talent in the financial services industry in this region,” he said.

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Joining Bambu in January are:

The eight finalists were chosen from a pool of nearly 200 applicants from more than 30 countries, an increase of 24% over the previous year. The founders will benefit from a “curriculum structured around bespoke content” including market entry, regulatory obligations, and opportunities to make joint ventures. The accelerator also provides companies with access to a network of more than 90 “partners and mentors” drawn from companies with significant experience in the Asian fintech market.

Founded in February 2016 and headquartered in Singapore, Bambu made its Finovate debut this month at FinovateAsia in Hong Kong, demoing its robo and intelligent digital advisory platform. The company has raised $400,000 in seed funding, and includes Tigerspike among its investors. Bambu added Aki Ranin as chief operating officer in October. Ned Phillips is founder and CEO.

Finovate Alumni News

On Finovate.com

  • Bambu Wins Spot in Hong Kong SuperCharger FinTech Accelerator.

Around the web

  • Lending Stream leverages Decision Management Suite from FICO to build new credit platform.
  • EVRY wins six-year contract extension with Sparebank 1, an alliance of 16-strong Norwegian savings banks.
  • SEB partners with Ripple to build blockchain-based real-time payments system.
  • Wipro launches Open Banking API platform.
  • Riyaz Ladiwala joins Heckyl as CEO for India operations.
  • Guardian Analytics introduces Guardian Analytics Sentinel Treasury Management for fraud protection.
  • Linkable Networks launches platform enhancements to enable retailers to verify purchases.
  • Staples to leverage Tuition.io for student loan repayment benefit option.
  • ProActive launches its 2.0 back end.
  • How Filene and Larky’s Mobile Rewards Pilot Will Promote Stronger Member Loyalty.

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.

BBVA’s Holvi Taps Antti-Jussi Suominen as New CEO

BBVA’s Holvi Taps Antti-Jussi Suominen as New CEO

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Finnish small business digital banking service Holvi will start 2017 with a new CEO.

Former Sulake CEO Antti-Jussi Suominen has been hired by Holvi to serve as the company’s CEO starting in January. Suominen will replace Johan Lorenen, who was Holvi’s CEO for three years. “I am proud to have the opportunity to work for a service innovator like Holvi,” Suominen said. He highlighted the fact that Holvi is owned by BBVA, praising the FI for its “ambition to become the digital bank of the twenty-first century.”

Holvi Board Chair Martti Granberg pointed to Suominen’s experience in building online services and businesses around the world as one major plus of the hire. “His previous experience from various senior executive roles in startup and corporate environments helps in leading the company in its international expansion,” Granberg said.

holvi_antti-jussi_suominenPrior to his more than three-and-a-half years as CEO of Sulake, Suominen was head of international business development at Elisa, and head of entrepreneurial activities at Nokia Americas Bridge Program. Suominen has also served on the boards of GmbH and Beijing Mobiledu Technology Company, a joint venture between Pearson and Nokia. Suominen has spent more than six-and-a-half years at Nokia working in a variety of capacities, including general manager and head of business development. He is a graduate of the Finnish Naval Academy, the Helsinki University of Technology, and the International Institute for Management Development.

Founded in 2011 and headquartered in Helsinki, Finland, Holvi demonstrated its technology at FinovateEurope 2013. In August 2016, the company announced it would partner with fellow Finovate alum SumUp to provide payment services to SMEs and self-employed entrepreneurs who are clients of Holvi. The previous month, Holvi launched its new debit card, the Holvi Business MasterCard for business users in Austria, Germany, and Finland. The company was named to the European Fintech Top 100 this spring, along with 28 of its fellow Finovate/FinDEVr alums, shortly after being acquired by BBVA for an undisclosed amount.

Finovate Alumni News

On Finovate.com

  • BBVA’s Holvi Taps Antti-Jussi Suominen as New CEO.
  • “FinovateAsia 2016 “Best of Show” Winners Announced

Around the web

  • Xignite to license its Market Data Cloud platform.
  • TransferTo adds messaging app Viber to its B2B mobile payment network.
  • eToro unveils new thematic investing service, CopyFunds.
  • Valutrades to integrate Paydentity remote KYC and payment-processing solution from iSignthis.

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.

FinovateAsia 2016 “Best of Show” Winners Announced

FinovateAsia 2016 “Best of Show” Winners Announced

 

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The votes are in and the Best of Show winners of FinovateAsia 2016 have been announced. Thanks to all 36 companies that demoed in Hong Kong this week and a hearty congratulations to the four audience favorites.

The winners are as diverse as the financial technologies they represent. Whether providing merchants with a broader range of payment options via the cloud, or extending the boundaries of what a piece of plastic can do to make commerce better for consumers and card issuers alike, the Best of Show winners reflect an industry that is as interested in making positive incremental change as it is in dazzling us with the latest innovations in biometric authentication and chatbot technology.

Here are the Best of Show winners of FinovateAsia 2016 (in alphabetical order):

AlphaPaymentsCloudLogoAlpha Payments Cloud for its new joint venture with Australia Post that will bring a variety of innovative payment options to online merchants in Australia.

 

DynamicsLogoDynamics for its continued re-invention of the payment card to make multicurrency transactions easier and more efficient for cardholders and merchants, while at the same time delivering significant savings to issuing banks.

 

eyeverify-hi-res-copyEyeVerify whose innovations in biometric authentication technology are a part of the company’s larger initiative to develop a global identity management platform that provides better security for businesses and consumers.

FinnLogoFinn.ai for its white-label, virtual banking assistant that uses natural conversational language to help consumers manage their finances wherever they are.

 

We want to thank everyone who helped make Finovate’s debut in Hong Kong such a big success. From our presenters, sponsors, and partners to our attendees and the hundreds of fintech fans following the conference via our Live Twitter feed @finovate, it is your dedication to and appreciate of financial technology that makes all the hard work possible and so worthwhile. 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, each 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 four 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 through 2014. Best of Show winners from our 2015 and 2016 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016

Welcome to FinovateAsia!

Welcome to FinovateAsia!

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FinovateAsia 2016 is here! After months of planning and preparation, Finovate’s Hong Kong debut has arrived, and we could not be more excited to see what our 36 fintech innovators from around the world have in store for our largest FinovateAsia audience yet.

Today’s show is divided into four sessions, punctuated by intermissions and networking opportunities designed to make sure you have every opportunity to meet and mingle with both our demoing companies as well as your fellow attendees. As we like to say: come for the high-paced, live fintech demonstrations and stay for the high-caliber networking with some of the most creative and visionary professionals in the business.

So whether you are here with us in the Fragrant Harbor, or following us via our Live Twitter feed @finovate, grab a cup of your favorite morning beverage and maybe a little snack as the house lights dim and the spotlights shine on the presenters of FinovateAsia 2016.

Here’s the agenda for today’s event.

Registration begins at 8:00 a.m.

8am to 8:45 a.m. Registration with Continental Breakfast

8:45 a.m. to 10:15 a.m. First Demo Session featuring:

10:15 a.m. to 10:45 a.m. Intermission with Refreshments

10:45 a.m. to 12 noon Second Demo Session featuring:

12 noon to 1:00 p.m. Lunch

1:00 p.m. to 2:10 p.m. Third Demo Session featuring:

2:10 p.m. to 2:40 p.m. Intermission with Refreshments

2:40 p.m. to 3:50 p.m. Fourth Demo Session featuring:

3:50 p.m. to 6:00 p.m. Networking Session with Open Bar and Appetizers

Best of Show winners will be announced at 5:15 p.m. during the end-of-day networking session.

All demo videos will be available for free in a few weeks in our video archives.

Start Your Hong Kong Fintech Week with FinovateAsia 2016

Start Your Hong Kong Fintech Week with FinovateAsia 2016

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The Finovate team has arrived in Hong Kong in preparation for FinovateAsia 2016 this Tuesday, 8 Nov. And we’re looking forward to a full day of live demonstrations of some of the most compelling innovations in fintech. Tickets are still available and we hope to see you here at PMQ on Tuesday as our 35 presenting companies demo their technologies live on stage.

This year, we are especially excited to be a part of InvestHK’s Hong Kong Fintech Week, which features discussions and presentations on the blockchain, the rise of regtech, as well as a hackathon and ample opportunities for networking among attendees. It’s a great setting for professionals from every corner of the fintech world, and we hope you’ll be on hand to be a part of it.

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So for everyone who’s making plans to be with us in Hong Kong on Tuesday, here are a few tips and reminders to help you make the most of your FinovateAsia experience:

  • When: Tuesday, 8 November 2016
  • Why: To introduce the latest fintech innovations developed by 35 companies from countries including Singapore, Switzerland, Canada, India, Australia, Spain, Korea, United Kingdom, Taiwan, Japan, and Israel, as well as Hong Kong and the United States.
  • How: With our unique, 7-minute demo-only format and networking opportunities both during and after the conference, FinovateAsia is designed to enable our presenters to show their technologies live before a professional audience. At the same time, our agenda ensures that our attendees have every opportunity to meet, ask questions, and network with our demoing companies.

Whether you will be here in Hong Kong joining us or following all the action from afar, you can catch every demo of the event by following our Live Twitter feed @Finovate. We’ll share pictures from the stage, information on the presenters, and interesting background on the demoing companies. And if you want to take to Twitter to share your own insights and ideas about the technologies on stage, please be sure to add #Finovate to your tweets to make them easier for everyone to see.

We’re happy to answer any questions you might have about FinovateAsia. Check out our responses to some of the most common queries in our FinovateAsia FAQ. For more, feel free to email us your question at [email protected].


FinovateAsia 2016 is sponsored by: DBS Bank (Hong Kong), InvestHK/Hong Kong Fintech Week, and KPMG.

FinovateAsia 2016 is partners with: Aite Group, The Asian Banker, BankersHub, Banking Technology, BeFast.tv, Big Data Made Simple, Byte Academy, Celent, CoinTelegraph, CrowdFundBeat, Cyberport, FemTechLeaders, Finolab, Fintech Finance, Fintech News Singapore, The Fintech Times, Harrington Starr, Hong Kong Economic Times, The Hong Kong Foreign Financial Institutions Association, IDC Financial Insights, Korea FinTech Forum, Miss FQ, SME Finance Forum, Swiss Finance + Technology Association, and Verdict Financial.

Entersekt Brings Biometric Authentication to FirstBank’s Mobile App

Entersekt Brings Biometric Authentication to FirstBank’s Mobile App

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When it comes to mobile banking, the only thing more important than providing customers with a first-rate app is making sure that it has first-rate security as well.

To this end, FirstBank—with more than $15 billion in assets and more than 120 locations in Colorado, Arizona, and California—has selected biometric authentication technology from FinDEVr alum Entersekt to provide security for its iOS mobile banking app. In deploying Entersekt’s Transakt solution, FirstBank will give its mobile banking customers the ability to use Touch ID to authenticate as well as Transakt’s unique digital certificate identifier which the company says turns the mobile device “into a trusted second factor of authentication.”

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Launched in 2014, FirstBank’s mobile banking app has been “incredibly well received” by customers, says bank COO Jim Reuter. “Adding one-touch authentication will further enhance what is already one of the most progressive, easy-to-use mobile banking technologies on the market.” FirstBank plans to add biometric authentication functionality to its Android-based mobile app soon.

“The security benefits are obvious to everyone,” Entersekt CIO Gerhard Oosthuizen explained, “but users are justifiably wary of tired authentication technologies like one-time passwords that slow them down and do not necessarily provide the required protection, particularly on mobile.” Oosthuizen sees his company’s technology as a way for “digital-savvier banks” to gain a valuable edge over their competitors “by engineering attractively low-friction mobile interactions that nevertheless inspire confidence and trust.”

Founded in 2008 and headquartered in Stellenbosch, South Africa, Entersekt demonstrated its transaction authentication and mobile app security solutions at FinDEVr Silicon Valley 2014 as part of its presentation, “Securing Mobile Applications through Transport Layer Diversity.” In September, Entersekt announced a new reseller agreement with Minneapolis-based security firm, Blue Bay Technologies. And in August, Entersekt forged a partnership with Finovate alum Backbase that will make Entersekt’s authentication solutions available via Backbase’s Open Banking Marketplace.

Finovate Alumni News

Around the web

  • New Xendpay Business services provides SMEs with”pay what you want” option for international money-transfer fees.
  • BioCatch upgrades behavioral biometrics offering to enhance online and mobile performance in the enterprise.
  • Neustar unveils Fraud Detection Solutions product to help integrate multiple identify-verification ecosystems.

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.

Live Safe and Prosper: The Themes of FinovateAsia 2016

Live Safe and Prosper: The Themes of FinovateAsia 2016

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Let there be no doubt as to trends driving fintech innovation. Providing greater security and encouraging better financial health—if not prosperity—are among the major organizing principles for fintech innovators around the world. And this is especially true for those CEOs bringing their teams to demo at FinovateAsia 2016 next week.

FA2016-V1revThere’s still time to pick up your ticket. Join us in Hong Kong, on 8 November for our day-long exploration of tomorrow’s financial technology today. See live demonstrations of next-generation biometric authentication solutions, and aggregation tools that bring better data to bear on everything from e-commerce and credit decisioning to investment planning and wealth management. After demos are done, we’ve set aside time to make it easy to meet and network with our presenting companies, your fellow attendees, and other industry professionals.

FinovateAsia 2016 will feature 35 companies on stage at PMQ, 35 Aberdeen Street, Central, Hong Kong. Learn more about the demoing companies in our Sneak Peek series, and be sure to visit our FinovateAsia FAQ page for further information about the companies and the event. You can also email us your questions at [email protected]. See you in Hong Kong on November 8th!


FinovateAsia 2016 is sponsored by: DBS Bank (Hong Kong), InvestHK/Hong Kong Fintech Week, and KPMG.

FinovateAsia 2016 is partners with: Aite Group, The Asian Banker, BankersHub, Banking Technology, BeFast.tv, Big Data Made Simple, Byte Academy, Celent, CoinTelegraph, CrowdFundBeat, Cyberport, FemTechLeaders, Finolab, Fintech Finance, Fintech News Singapore, The Fintech Times, Harrington Starr, Hong Kong Economic Times, The Hong Kong Foreign Financial Institutions Association, IDC Financial Insights, Korea FinTech Forum, Miss FQ, SME Finance Forum, Swiss Finance + Technology Association, and Verdict Financial.