Following #Finovate at FinovateSpring

Following #Finovate at FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

After four days of fintech content at FinovateSpring last week, there was a lot to Tweet about but our audience was up to the task. We’ve captured their thoughts on everything from the demos to the food.

So if you missed out, check out the conversation below.

About the demos

Going for the gong

Talking about the tunes

Food for thought

 

 

 

 

 

 

 

 

 

 

 

 

Lots of love

Discussion days

Thanks to everyone for Tweeting and tagging your thoughts #Finovate! We’ll see you at FinovateFall on September 24 through 26 in New York.

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New Initiative from Ripple to Support Startups Using XRP, XRP Ledger

New Initiative from Ripple to Support Startups Using XRP, XRP Ledger
By David Penn Posted on
Categories: Ripple

Ripple has a spring in its step with the launch of Xpring (pronounced “spring”) to invest in, incubate, acquire and provide grants to companies and projects, reports Antony Peyton of Fintech Futures, Finovate’s sister publication.

Self-promotion is naturally part of its logic, as “every entrepreneur” will use Ripple’s digital asset XRP and the XRP Ledger, the open-source, decentralized technology behind XRP, to solve their customers’ problems.

Ripple said it wants to act as a “proverbial spring” to let people “grow their businesses and prosper”.

Ethan Beard will be SVP and lead Xpring and Ripple’s developer programme. Before moving into an advisor role at several technology companies, Beard served as director of the Facebook Developer Network from 2009-2012.

“Blockchain and digital assets have the ability to solve important problems and XRP – with its speed, scalability and demonstrated real-world use case – is a great tool for start-ups and entrepreneurs to build businesses around,” Beard said.

According to Ripple, Xpring has already offered support. People and firms include:

  • Stefan Thomas, inventor of the Interledger Protocol (ILP), creator of BitcoinJS, co-founder of TxtBear, who just launched a new venture Coil to use XRP and ILP for various micropayments applications;
  • Bart and Brad Stephens, co-founders of Blockchain Capital, who have the first fund to accept capital calls in digital assets.

In a separate development, Mitsubishi Corporation, MUFG Bank, Bank of Ayudhya (Krungsri), a Thailand-based subsidiary of MUFG, and Standard Chartered have started a pilot test for moving real funds over RippleNet, Ripple’s network.

Founded in 2012 and headquartered in San Francisco, Ripple made its Finovate debut (as OpenCoin) at FinovateSpring 2013. The company has raised more than $93 million in funding and includes SBI Investment, Santander InnoVentures, IDG Capital Partners, and Core Innovation Partners among its investors. Brad Garlinghouse is CEO.

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Finovate Alumni News

By David Penn Posted on
Categories: Cloud Lending Solutions, Finastra, LendingTree, OurCrowd, Socure, Spreedly, Tyro, WorldPay

On Finovate.com

Around the web

  • Business-only Australian bank Tyro forges partnerships to improve connectivity between POS, apps, and merchants.
  • Finastra appoints Elona Ruka-Wright as its new Chief Risk Officer.
  • Australian FinTech Study Loans partners with Cloud Lending Solutions to build new student loan offering.
  • LendingTree to acquire Ovation Credit Services for total consideration of $20.75 million.
  • Socure secures three new ISO certifications for privacy and security controls.
  • Spreedly to integrate Worldpay’s international payment processing API courtesy of new partnership.
  • Hypepotamous profiles South African authentication specialist Entersekt.

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.

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Welcome to Day Four of FinovateSpring

Welcome to Day Four of FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

After our first content-packed discussion day at FinovateSpring, we’re ready for round two!

Today’s discussion begins at 9 AM at the Santa Clara Convention Center and you won’t want to be late because we’re kicking things off with a keynote presentation from Adam Cheyer, co-founder and VP of engineering at Siri and Viv Labs. And that’s just the start– there’s plenty more in store. Check out the full agenda on our website or see the highlights below:

8 AM to 9 AM Registration and Continental Breakfast

9:00 Opening Remarks

9:05 to 9:45 Keynote Address: The rise of Natural Language Processing (NLP), smart speakers (Alexa), and a future with far less screen time

  • Adam Cheyer, co-founder and VP of engineering at Siri and Viv Labs

9:45 to 10:05 Fireside Chat: How to innovate on behalf of the customer

  • David Penn – Research Analyst, Finovate
  • Joseph Villamizar – Director, FinTech Partnerships, Scotiabank
  • Patrick Gauthier – Vice President, Amazon Pay

10:05 to 10:35 Refreshments and Networking Break

10:35 to 12:20 Summit Sessions

  • Banking & Payments
  • New Technology
  • SMB Fintech

12:20 to 1:20 Lunch and Networking

1:20 to 3:00 Summit Sessions

  • Banking & Payments
  • New Technology
  • SMB Fintech

Coat check is available until 3 PM today so be sure to take advantage of that if you need it.

A huge thank-you to everyone for coming out and attending, speaking, demoing, blogging, Tweeting, and networking! We could not do this without you! We’ll see you next at FinovateFall, September 24 through 26 in New York.

In the meantime, feel free to follow @Finovate on Twitter and read along on the Finovate blog for fintech news and alumni updates.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AdviceRobo, Dwolla, Emida, Entrust Datacard, Neener Analytics

Around the web

  • Entrust Datacard appoints Beth Klehr Chief Human Resources Officer.
  • Emida announces it is actively seeking partnerships with early-stage tech companies whose products and services support the Telecommunications sector.
  • AdviceRobo and Neener Analytics selected for BNP Paribas’ Plug and Play accelerator program.

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.

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FinovateSpring: Cyber Security, Branch Banking, Partnerships, Financial Wellness, and More

By finovate Posted on
Categories: Branch Banking, FinovateSpring 2018, Mobile Banking, Security, Security & Privacy

Cyber security is finally at the frontline of conversations, but is it that easy?

Today we chatted with Sean Sposito, Security Analyst at Javelin Strategy, about the challenges that financial services companies have when dealing with cyber security. While awareness of cyber security has never been higher, Sposito asks whether that really equals an impenetrable safe wall?

Banks: who do you want to be when you grow up?

We ask John Waupsh, Chief Innovation Officer at Kasasa, where the branch stands? “Consumers, including millennials, still want to go into the branch and talk to somebody,” Waupsh says. But he counters with the fact that banks should be investing in a future of embedded banking.

FI + Core Vendor + Fintech: What it takes to make the partnership work

Tina Giorgio, President & CEO of ICBA Bancard, speaks with us live at FinovateSpring 2018 about the three Ts  – time, talent, and treasure –  that can guide community banks as they seek to adopt new technologies.

Financial wellness first: transforming the digital experience

“As a financial services industry, we have not yet been able to help a customer understand that the decisions that they make today impact their short and long-term goals,” says Tiffani Montez, Retail Banking Senior Analyst for Aite Group. Taking a new perspective on the digital experience, Montez addresses the key themes that can be facilitated by keeping financial wellness at the forefront: mobile experience, the role of the branch, and reinventing the checking account.

Security scars are key to innovation

“What’s your surface area and what are you defending?” is the first question you should be asking yourself when considering cyber security, according to Ben Johnson, CTO & Co-Founder, Obsidian Security. We speak to him live at FinovateSpring 2018 about the best practice and innovations in cyber security today.

“Banks can’t be everything for everyone”

We speak to Alex Jimenez, Vice President Senior Strategist, Zions Bancorporation about the key takeaways from the panels he participated in that addresses payments and platformization.

 

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Welcome to Day Three of FinovateSpring

Welcome to Day Three of FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

We wrapped up the demos at FinovateSpring yesterday and crowned the Best of Show winners. Today we’re switching gears to discuss some of the tools and trends we saw on stage, and look at what they mean for the future of fintech.

There’s a lot to fit in, so doors open earlier this morning at 8 AM and the general session kicks off at 9 AM here at the Santa Clara Convention Center. Tickets are still available at the door.

You can check out the full agenda on our website, but here’s what you can expect today:

8 AM to 9 AM Registration and Continental Breakfast

9:00 Opening Remarks

9:10 to 9:55 Analyst All Stars

  • Shane Hubbell – Managing Director, Alkali Partners
  • Jacob Jegher – Senior Vice President, Banking and Head of Strategy, Javelin Strategy & Research
  • Daniel Latimore – Senior Vice President, Banking Group, Celent
  • Tiffani Montez – Retail Banking Senior Analyst, Aite Group
  • Ron Shevlin – Director of Research, Cornerstone Advisors
  • Jerry Silva – Global Retail Banking Research Director, IDC Financial Insights

9:55 to 10:35 Keynote Address: How Blockchain will revolutionize the industry

  • Bettina Warburg – Blockchain Researcher, Entrepreneur and Educator, Animal Ventures

10:35 to 10:55 Strategy Session: Is the future digital interface voice activated?

  • Mark Schwanhausser – Director Digital Banking, Javelin Strategy
  • Theodora (Theo) Lau – Innovator Technologist and Connector, Unconventional Ventures
  • Windsor Tanner – VP, Voice Biometrics for Real-Time Authentication, NICE

10:55 to 11:30 Refreshments and Networking Break

11:30 to 12:00 Panel Discussion: Open Banking, APIs & Regulation – Shifting sands of the US banking industry

  • Jacob Jegher – Senior Vice President, Banking and Head of Strategy, Javelin Strategy & Research
  • Kerry Warwicker – Head of Research & Intelligence, Digital Cash Products – Global Transaction Banking, Deutsche Bank
  • Dan Quan – Head of Catalyst, Consumer Financial Protection Bureau (CFPB)
  • Oded Shoshany – CEO, CeleritiFinTech

12:00 to 12:20 Question Time: Customer Acquisition and Retention Models – New technologies and ideas being used to sell to and service client accounts in order to increase growth and profits

  • Steven Ramirez – CEO, Beyond the Arc
  • Mahima Chawla – Growth Lead at Square Capital, Square
  • Vaduvur Bharghavan – CEO, Ondot Systems

12:20 to 1:00 Thriving in an Era of Digital Disruption

  • JP Nicols – Managing Director, Fintech Forge

1:00 to 2:00 Lunch and Networking

2:00 to 3:25 Summit Sessions

  • Banking & Payments
  • Digital Lending
  • Customer Experience
  • Cyber Security

3:25 to 4:00 Afternoon Coffee & Networking Break

4:00 to 5:05 Summit Sessions

  • Banking & Payments
  • Digital Lending
  • Customer Experience
  • Cyber Security

5:05 to 6:30 Reception & Networking

We’re excited to continue this momentum tomorrow, when registration opens at 8 AM and the general session content begins at 9 AM.

If you need to bring your bags, free coat check will be available.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Green Dot, HelloWallet, PayPal, TransferWise

On Finovate.com

  • FinovateSpring 2018 Best of Show winners announced.

Around the web

  • TransferWise releases batch payments.
  • Bankrate features KeyBank’s acquisition of HelloWallet.
  • American Banker: Green Dot’s mobile growth distances it from its prepaid reputation.
  • Visa and PayPal extend partnership to accelerate adoption of digital and mobile payments in Canada.

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.

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FinovateSpring 2018 Best of Show Winners Announced

FinovateSpring 2018 Best of Show Winners Announced
By David Penn Posted on
Categories: Alpharank, Best of Show, Conversation.one, Dynamics, Kasasa, Trusona

The votes have been counted and the winners of our FinovateSpring 2018 Best of Show awards have been named. Congratulations to the five companies whose live demonstrations of their latest technologies wowed our attending crowd in Santa Clara, California this week.

Every Best of Show competition teaches us something about the state of fintech innovation in the world today. How are fintechs helping improve the customer experience in lending? How can financial institutions get a better understanding of their customers needs and preferences? How can we make it safer to bank and shop – to say nothing of simply communicate – safely online without fear of interference (or worse) from cybercriminals?

This year’s FinovateSpring 2018 Best of Show winners were no exception to this rule. The companies highlighted by our Best of Show awards reflect impressive innovations across the broad spectrum of financial technologies.

Conversation.one for its build-once-deploy-anywhere platform for conversational applications that enables FIs to build, deploy, and enhance their Alexa Skills, Google Home Actions, Facebook Messenger bots, and chatbots in one single process, in just a few minutes. Video.

Dynamics, Inc. for its network-approved “connected” payment card with a 65k pixel display, organic recharge, and telecommunications chip to facilitate wireless data downloads and customer notifications. Video.

 

 

Kasasa for its Kasasa Loan that lets borrowers pay ahead to reduce debt and take that extra money back if they need it. Kasasa Loans feature a mobile app that allows borrowers to manage their debt and access take-backs instantly. Video.

Trusona for its Trusona Executive solution that enables frictionless #NoPasswords multi-factor identity authentication at scale, including identity-proofing, step-up authentication using a person’s government-issued ID. Video.

Alpharank for its innovative Customer Graphs that leverage FIs’ anonymous transaction card data to help them understand how products and behaviors spread through customer networks and how to leverage network effects to their advantage. Video.

We hope you have enjoyed the first two days of FinovateSpring. The conversation continues on Thursday and Friday as we launch into deeper dives into many of the themes introduced on the first two days of our spring conference.

From the power of AI and Big Data to the rise of voice technologies as the interface of the future, the second half of FinovateSpring will help provide both context and insight into how many of the most exciting technologies of our time are creating ever more engaging, personalized, and relevant experiences for consumers of financial services. To learn more about the keynotes, panel discussions, and fireside chats we will host on Thursday and Friday, be sure to check out our FinovateSpring 2018 agenda for Days Three and Four for more information.

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 through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018

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Welcome to Day Two of FinovateSpring

Welcome to Day Two of FinovateSpring
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2018

Our first day started off strong and we’re continuing that momentum here at FinovateSpring in Santa Clara.

Yesterday’s demo session gave us a look at what’s new in lending, serving the underbanked, PFM, and more. And we have even more trends in store for today. Doors open again this morning at 8:30 AM and the first demo begins at 9:30 AM. Don’t want to miss out? Come on down to the Santa Clara Convention Center– you can still get your ticket at the registration desk.

8:30 to 9:30 Registration and Continental Breakfast

9:30 to 10:30 Demos

10:30 to 11:15 Intermission, Refreshments & Networking

11:15 to 12:15 Demos

12:15 to 1:15 Lunch & Networking

1:15 to 2:20 Demos

2:20 to 3:00 Intermission, Refreshments & Networking

3:00 to 3:30

3:30 to 5:30 Best of Show Awards and Networking

That wraps up the demo portion of the show. We’ll see you tomorrow, May 10, when registration opens at 8 AM and the content begins at 9 AM.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Ayasdi, InComm, Lendio, Open Bank Project, payworks, Ripple, Token, Xero

Around the web

  • InComm launches health plan-sponsored first years wellness card to support babies’ well being.
  • Payworks introduces P2PE component services for payment providers.
  • Coinone Transfer joins Ripple’s RippleNet to enhance cross-border payments.
  • Navigant and Ayasdi collaborate to deploy machine intelligence to effectively and efficiently detect and deter financial crime.
  • INV Fintech collaborates with the Open Bank Project to offer sandbox APIs.
  • Lendio announces franchise in Broomfield, Colorado.
  • Token granted FCA authorization for open banking payment and information services.

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.

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