FinovateSpring 2013 Best of Show Winners

After the final demos wrapped up on two fintech-packed days at FinovateSpring 2013, the audience voted for their favorite demos to ultimately decide who would be named Best of Show. The overall top five took home the trophies.

The winners (in alphabetical order):

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FamZoo, for its prepaid card family pack
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LendUp, for its LendUp Ladder loan platform that helps the underbanked build credit
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MoneyDesktop, for its Target and Insight back-end data analytics and marketing platform
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PayNearMe, for launching the white-labeled version of its cash-dpayments platform
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TipRanks, for its solution that brings transparency to individual investors, helping investors decide who to trust
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We’ll have the videos of all 72 demos posted on Finovate.com in a few weeks.

Thanks to everyone who joined the audience and came to be a part of our largest show so far. And thanks to the 77 innovators* who braved the Finovate stage. 

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*Five demos hosted a co-presenting company, including Visa, MasterCard, USAlliance Credit Union, Intuit, and Paydiant

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 five 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.

FinovateSpring 2013 Best of Show Winners

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After the final demos wrapped up on two fintech-packed days at FinovateSpring 2013, the audience voted for their favorite demos to ultimately decide who would be named Best of Show. The top 5 overall took home the trophies.

The winners (in alphabetical order):

FamZooLogo2Large.jpg

FamZoo, for its prepaid card family pack
famzooimg2.jpg
LendUp, for its LendUp Ladder loan platform that helps the underbanked build credit
LendUpLogo.jpg
IMG_2285.JPG
MoneyDesktop, for its Target and Insight back-end data analytics and marketing platform
MoneyDLogo.jpg
MoneyDesktopLogoNew.jpg

paynearmelogo2.jpeg

PayNearMe, for launching the white-labeled version of its cash payments platform
IMG_2157.JPG
TipRanks, for its solution that brings transparency to individual investors, helping investors decide who to trust
TipRanksLogo.jpg
TipRanksIMG.jpg

We’ll have the videos of all 72 demos posted on Finovate.com in a few weeks.

Thanks to everyone who joined the audience and came to be a part of our largest show so far. And thanks to the 77 innovators* who braved the Finovate stage. 

——————————————————————

*Five demos hosted a co-presenting company, including Visa, MasterCard, USAlliance Credit Union, Intuit, and Paydiant

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 five 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.

Prestadero’s Peer-to-Peer Lending Platform Places Borrowers in Complete Control

This is a part of our live coverage of FinovateSpring 2013.

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Closing out FinovateSpring for us this afternoon, 
Prestadero demoed its peer-to-peer lending platform:
“Prestadero uses its proprietary management software to originate loans in an extremely efficient way. Our platform allows us to parse out declined loans in seconds and determine rates for approved loans in less than 1 minute.  
Our web interface allows lenders to view their entire portfolio in detail. Lenders can also view specific graphs and scorecards that allow them to make better investment decisions, even if they are not investment professionals. We provide lenders with tools, such as our “diversification index,” which quickly and comprehensively lets them know their risk exposure depending on the diversification of their loans. Our software also enables lenders to select multiple loans at once by filtering through the user’s selected criteria. They can also choose to reinvest their returns based on the same or a different set of criteria.
Through their online account, borrowers have full control over their loan’s entire process, from filling out the application to paying it off completely. We also charge the borrower’s bank accounts directly when their payments are due, diminishing delinquencies and providing a better service for our customers. The entire process is streamlined and coded with peer-to-peer finance in mind, reducing human interaction on the back-end of the technology and providing more accurate, up-to-date information on our front-end.”
Product Launch: June 2012
HQ: Mexico City, Mexico
Founded: April 2011
Metrics: 4,000+ registered users, $70M pesos in loan requests, $400K raised
Twitter: @prestadero
Presenting Gerardo Obregon (CEO & Founder) and Alejandro Ramos (Partner)

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Plastyc Demos the Backend of its BankingUP Platform

This is a part of our live coverage of FinovateSpring 2013.

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Next up this afternoon, Plastyc showed off the administrator-facing side of its BankingUP platform:
“Plastyc is demonstrating the administrator-facing side of the BankingUP platform, allowing issuing banks and program managers to:
    • Monitor and analyze cardholders’ financial activity in real time;
    • Monitor and analyze cardholders’ non-financial activity; e.g., usage of mobile apps and web, customer support interactions;
    • Communicate instantly with programmable subsets of cardholders via web inserts and smartphone push notification for marketing/upselling and product alerts.
This is a departure from traditional batch mode financial-transactions only reporting obtained from processors.”
Product Launch: November 2012
 
HQ: New York, NY
Founded: 2006
Metrics: 5K direct-to-consumer opened to date; platform deployed for a 3M card portfolio; 10 employees; $10M raised so far
Website: plastyc.com
Twitter: @ibankup
Presenting Patrice Peyret (CEO) and Colette Oliver (Director, Marketing)

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Tradeslide Launches the Tradeslide Challenge to Gamify the Learning Process for Traders

This is a part of our live coverage of FinovateSpring 2013.

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Third up this afternoon, Tradeslide launched the Tradeslide Challenge:

“The Tradeslide Challenge is a gamified learning process where traders compete to develop the skills that make up a solid trader (risk management, discipline, etc.), in the right order, one badge at a time.”

Product Launch: May 2013
HQ: London, England
Founded: March 2012
Metrics: €900,000, 10 employees, 1,000 pre-registered users, 2,000 unique visitors/month pre-launch
Twitter: @tradeslide
Presenting Juan Colón (CEO) and Javier Colón (COO)

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Micronotes Showcases Real Results from its Cross-Sell Solution

This is a part of our live coverage of FinovateSpring 2013.

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Second up this afternoon, Micronotes showcased its Cross-Sell solution through one of its customers:
“Micronotes Cross-Sell is simply the most productive digital cross-sell tool on the market. One of our customers is demonstrating this by showing the product, sharing results and explaining what those results mean to his financial institution.”
Product Launch: July 2011
HQ: Cambridge, MA
Founded: June 2008
Metrics: $3.4M raised to date; 8 employees
Website: micronotes.com 
Twitter: @micronotes
Presenting Ariel Taylor (Product Manager) and Kris VanBeek (CEO, USAlliance Credit Union)

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Persint Debuts Consumer Analytics Application

This is a part of our live coverage of FinovateSpring 2013.

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Starting off the final session today, Persint debuted its consumer analytics application:
“Persint’s consumer analytics application integrates with account aggregation and is designed to complement existing PFM. Leveraging public data sources mapped to conform to aggregation categorization, Persint delivers performance context through comparison to U.S. household peers. 
Just five demographic inputs can segment a household into one of over 100 unique peer groups. Other solution features include:
        • performance navigation through color-coded decision trees
        • data representative of all U.S. households
        • local cost of living adjustments
        • alternative peer group formation
        • composite score based on net worth, cash flow and risk management
        • performance classification and scoring system
        • solution mapping of opportunities to actions”
Product Launch: September 2013
HQ: Atlanta, GA
Founded: March 2012
Metrics: Privately held, self-funded and seeking investment; 2 principals leveraging contractors; pre-launch and pre-revenue
Website: persint.com
Twitter: @persint
Presenting Steve Cotton (CEO & Founder) and Curry Pelot (CIO & Co-Founder)

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ValidSoft Uses “SMART” Technology to Protect Mobile Payment and MBanking Transactions

This is a part of our live coverage of FinovateSpring 2013.

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Then, ValidSoft took the stage to demo its Secure Mobile Architecture for Real-time Transactions, SMART:

“ValidSoft’s SMART platform caters for the disparity in mobile networks and devices, use cases and the corresponding transactional risk intrinsic in mobile payment applications. SMART achieves this by providing a layered architecture of voice and mobile network‐based security protocols and technologies, both visible and invisible, to protect mobile payment and M‐banking transactions alike.”

Product Launch: February 2011
HQ: London, United Kingdom
Founded: 2003
Website: validsoft.com
Twitter: @ValidSoft
Presenting John Petersen (Global Head of Business Development) and Emmanuelle Filsjean (Global Head of Marketing)

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Cymonz Enables Financial Institutions to Integrate Currency Exchange and International Payment Services Into Their Platform

This is a part of our live coverage of FinovateSpring 2013.

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Next, Cymonz demoed how its software can enable financial institutions to integrate currency exchange and international payments services into their platform:
“The Cymonz application includes a client transactional website and the back office management application with specific currency and international payment business processes, customization and integrations. The application addresses a wide spectrum of needs, including client management, currency transactions, risk management, settlements and compliance. 
Cymonz integrates with third party applications and can be configured to allow for liquidity, payments, customer service as well as anti money laundering, marketing and support tasks. 
iOS and Android applications are also available along with the ability for you to white label your currency application and provide it to your partners to increase currency and payment flows.”  
 
Product Launch: July 2012
HQ: Christchurch, New Zealand
Founded: January 2012
Website: cymonz.com
Presenting Simon Lynch (CEO)

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Arxan Helps Defend Financial Institutions’ Mobile Apps Against Fraud, Malware, and Unauthorized Access

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This is a part of our live coverage of FinovateSpring 2013.
Then, Arxan Technology demonstrated how its Mobile App Integrity Protection products defend financial institutions’ mobile apps:

“Arxan’s Mobile Application Integrity Protection products deliver critical defense and shielding at the application layer with static and active self-defend and tamper-proof attributes. By deploying Arxan protected apps, financial institutions can launch advanced and feature-rich mobile financial services with confidence. 

Our state-of-the-art ‘Guards’ are small units of object code that “lockdown” applications with multiple and performance sensitive protection against attacks such as: malware, fraud, data breach repackaging, unauthorized access, IP theft, removal of security or critical business logic; all of which would have significant consequences for financial institutions.” 

Product Launch: January 2012
HQ: Bethesda, MD
Founded: January 2001
Metrics: Arxan has raised $30M to date; HQ is in the U. S. with global offices in EMEA and APAC 
Website: arxan.com
Twitter: @arxan
Presenting Kevin Morgan (CTO & VP Engineering)

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PayNearMe Launches White-Label Offering

This is a part of our live coverage of FinovateSpring 2013.

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Second up this afternoon, PayNearMe launched a white-label offering of its cash-payment service for the underbanked:

Powered by PayNearMe is a white-label treasure services product that any financial institution can offer to their merchants to enable them to accept cash payments from consumers at thousands of 7-Eleven and ACE Cash Express stores nationwide.”

Product Launch: May 2013
HQ: Sunnyvale, CA
Founded: May 2009
Website: paynearme.com
Twitter: @paynearme
Presenting Danny Shader (CEO & Founder) and John Minor (VP Product Management)

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Refundo Launches Mobile App

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This is a part of our live coverage of FinovateSpring 2013.
Next up this afternoon, Refundo launched its mobile app:

“Refundo’s Mobile App creates an opportunity to transition millions of underbanked and unbanked households into the financial mainstream by enabling them to open an FDIC-insured bank account using just a smartphone. 

The Mobile App features account balance, debit MasterCard, transaction history, and a network of tens of thousands of ATMs and deposit locations across the U.S., and more. From the beginning, the Mobile App was designed to deliver the best user experience, security, and convenience in mobile banking.”

Product Launch: May 2013
HQ: Elizabeth, NJ
Founded: June 2011
Website: refundo.com
Twitter: @refundo
Presenting Roger Chinchilla (CEO)

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