With a new round of fintech innovators less than a month away from taking the Finovate stage in Singapore, it’s a great time to review last year’s breakout performers.
Who were the winners (as determined by audience vote)? What did they present? And most importantly, what have they been up to in the weeks and months since?
To answer those questions and more, here’s a look at what’s new and notable from the Best of Show winners of FinovateAsia 2012.
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Who They Are: Specialists in peer-to-peer international money transfers, CurrencyFair presented an upgrade to the user interface for their MarketPlace screens.
Why They Won: Sending money abroad is fraught with cost and complication. CurrencyFair’s MarketPlace solution creates an online, person-to-person environment in which individuals can negotiate their own exchange rates with each other.
What They’ve Been Up To:
- Won” “Most Insightful & Intriguing Internet Innovation” award
- Reached $500 million in transactions
- Presented their iPhone app at FinovateEurope
- Listed among top “Middleweight Startups” at The Europas 2013
- Won Best Irish Startup Award from The Next Web
- Named Startup of the Day by The Daily Business Post
- Won “Best of Show” at FinovateAsia 2012
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Who They Are: Finantix provides solutions to help banks, wealth managers, and advisors provide more and better advice and insight for their retail and high net worth clients
Why They Won: In presenting their Sharp digital banking platform, Finantix introduced a tool to change the way banks interact with their customers by introducing gamification, social and multimedia content, and natural language communication.
What They’ve Been Up To:
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Who They Are: SocietyOne is the first fully-compliant peer-to-peer online lending platform in Australia.
Why They Won: With ClearMatch, SocietyOne effectively leveraged proven banking technologies into new applications in the peer-to-peer consumer lending business.
What They’ve Been Up To:
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Who They Are: Ubank is a division of NAB, the National Bank of Australia. Ubank operates as a branchless, Internet-only bank.
Why They Won: The introduction of Ubank’s People Like U solution reflects a growing trend in banks adding PFM and financial management tools for their customers. The solution takes an econographic approach to helping consumers understand their own spending patterns in the context of their peers.
What They’ve Been Up To:
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For more information about FinovateAsia 2013, returning to Singapore next month, visit our FinovateAsia 2013 page here.