Narrative Science Brings Automated Portfolio Commentary to FactSet Platform

Narrative Science Brings Automated Portfolio Commentary to FactSet Platform
By David Penn Posted on
Categories: Narrative Science

NarrativeScience_AssetManagement

The new partnership between advanced natural language generation specialist, Narrative Science, and investment analytics service provider, FactSet, will add automated portfolio commentary to the latter’s analytics and client-reporting platform.

Calling FactSet’s platform an “ideal match” for advanced NLG technology, Narrative Science COO Nick Beil said the integration would “reduce time-to-market, streamline client reporting, and raise the bar for prompt and comprehensive service.” Vice President of Analytics for FactSet, Ali Stewart added that with client reporting being a “rapidly evolving area of the market,” technologies such as those developed by Narrative Science are providing what Stewart called “a truly client-centric, cost-effective customer reporting solution.” Empowering investment managers with automated portfolio commentary, the new integration will enable companies to scale their reporting efforts to serve a larger and broader client base – and to do so within the monthly and/or quarterly reporting cycles customers and regulators demand.

In an infographic at the Narrative Science website, the company compares the current practice of creating portfolio commentary – from sourcing internal talent or finding able freelancers through the process of data access, drafting and reviewing, and publishing and distribution – to the process as run by the combination of solutions from Narrative Science and FactSet technology. What takes a team of human authors and editors as much as four work-weeks to accomplish is completed by FactSet Portfolio Analysis and Narrative Science’s Quill Portfolio Commentary in a matter of seconds.

Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science demonstrated Quill Financial at FinovateFall 2013. Forging partnerships with Deloitte last October and with Franklin Templeton Investments last September, Narrative Science launched Narratives for Tableau back in August. The company has raised more than $29 million in funding and includes Battery Ventures, In-Q-Tel, Jump Capital, and Sapphire Ventures among its investors. We highlighted Narrative Science’s technology in our overview of artificial intelligence and fintech last month. Stuart Frankel is founder and CEO.

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Finovate Alumni News

By David Penn Posted on
Categories: D3 Banking, Fiserv, Narrative Science, Tradeshift, Vantiv

On Finovate.com

  • Narrative Science Brings Automated Portfolio Analysis to FactSet Platform.

Around the web

  • Vantiv to provide debit, credit, and ATM processing services for Financial Technology Solutions International. Join Vantiv at FinDEVr New York next month.
  • Tradeshift clients gain access to Biz2Credit ‘s small business lending marketplace courtesy of new agreement.
  • Massachusetts-based bank, Salem Five ($4.2 billion in assets) picks Fiserv as its new technology partner.
  • D3 Banking promotes former VP of Development, Jeff Marshall to Chief Technology Officer.

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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FinovateEurope 2017 Best of Show Winners Announced

FinovateEurope 2017 Best of Show Winners Announced
By David Penn Posted on
Categories: Backbase, Best of Show, CREALOGIX, Dorsum, eToro, FinovateEurope 2017, Memento, SaleMove, Tink

IMG_0420

After two days of live demonstrations of some of the most novel innovations in fintech, our FinovateEurope audience has made its voice heard as to which technologies represent the Best of Show.

This year’s award winners are a fascinating mix of Finovate veterans like Backbase, eToro, SaleMove, and Tink, all of whom have been honored with Best of Show trophies in the past, as well as newcomers like Dorsum and Memento, which accompanied their Finovate debuts with Best of Show awards of their own. And how fun is it to celebrate a company like CREALOGIX, a Finovate alum since 2011, that picked up its very first Best of Show honors this week?

A hearty congratulations to all seven of FinovateEurope 2017’s Best of Show winners – and to all of the companies that demonstrated their technologies at our London conference this year. From artificial intelligence and chatbots to technologies that make it easier for us to earn, save, and invest, yours are the innovations that remind us how valuable the relationship between finance and technology can be.

Backbase---Hi-ResBackbase for showing how artificial intelligence and PSD2 can turn a mobile app into a smart virtual assistant.

CREALOGIXCREALOGIX for its predictive banking in virtual reality technology that transcends complex interfaces to provide a user experience that accommodates emotion, creativity, and logic when it comes to making financial decisions.

Dorsum_logo_2016_cmykDorsum for its chatbot factory and botboarding platform that creates chatbots that combine human-like, natural language communication with traditional customer data collection and profiling.

eToro_Logo_VectoreToro for its worldwide social trading network of more than five million members that makes the trading and investing environment more social, more enjoyable, and more transparent.

 

Memento-LogoMemento for its Bank-to-Social Relationship platform and next generation mobile money app that helps banks deepen engagement with current customers and better attract and acquire new customers, as well.

SaleMoveSaleMove for its Engagement Platform that enables FIs and other companies to communicate with online visitors via chat and dual-cursor guided cobrowsing, as well as video and voice.

Tink_LogoTink for its independent, consumer PFM app that brings together aggregation, account information, and payment initiation services to provide a truly PSD2-compliant, virtual bank experience.

We had a great time this year at FinovateEurope and hope you enjoyed getting to know our presenting companies and the unique ways they leverage technology to solve problems. Thanks and gratitude to all of our sponsors, partners, presenters, and – of course – our attendees, for making this celebration of financial technology possible. 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 six 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
FinovateAsia 2016

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Welcome to FinovateEurope 2017: Day 2

Welcome to FinovateEurope 2017: Day 2
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2017
Screen Shot 2017-02-08 at 1.37.56 AMLeveris demoing its lending platform on the first day of FinovateEurope 2017 (photo credit: Paul Brennan ‏@paulbrennan_3)

Yesterday’s demos sure gave us something to Tweet about, and we’re back at Old Billingsgate Market Hall for another round of fintech fun!

Day two of FinovateEurope is packed with more fintech. If you weren’t able to make it yesterday but want to drop in today, we have special one-day tickets available (ask at the registration desk).

Here’s today’s lineup:

Registration opens at 8:00 a.m.

8:45 a.m. – 10:15 a.m.

10:15 a.m. – 10:45 a.m. Intermission & refreshments

10:45 a.m. – 12:05 p.m.

Lunch 12:05 p.m. – 1:00 p.m.

1:00 p.m. – 2:40 p.m.

Best of Show winners will be announced at 4:15

2:40 p.m. – 5:00 p.m. Networking, open bar & appetizers

Thanks to everyone who attended and braved the Finovate stage to present their very biggest and brightest fintech innovations! We look forward to seeing you all again next year.

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

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Finovate Alumni News

By David Penn Posted on
Categories: Backbase, ebankIT, eToro, GMC Software Technology, PayPal, Wealthify

Around the web

  • Backbase helps Canada’s Central 1 Credit Union upgrade its digital banking platform. The partnership represents the Amsterdam-based company’s first deal in Canada.
  • ebankIT forges new global partnership with Atos.
  • PayPal launches P2P payments bot, Slack.
  • eToro unveils CopyFunds for Partners, enabling creation of bespoke funds on its platform.
  • Wealthify announces its investment services are now available as a white-label offering. Wealthify made its Finovate debut on Tuesday at FinovateEurope.
  • GMC Software Technology earns Gartner Magic Quadrant recognition for customer communications management technology for fourth year in a row.

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 One of FinovateEurope 2017

Welcome to Day One of FinovateEurope 2017
By David Penn Posted on
Categories: FinovateEurope 2017

FEU2017_DayOne_art

Fintech’s first great event of 2017 is here! FinovateEurope starts today and after a busy morning, noon, and night of rehearsals, we are looking forward to two days of live demonstrations from some of financial technology’s most accomplished and ambitious.

Day One features 40 companies from around the world specializing in technologies ranging from behavioral biometric authentication and digital banking to artificial intelligence and wealth management. Make no mistake: if you’re looking to measure the pulse of fintech innovation in 2017, we can’t think of a better place to be than Old Billingsgate Market Hall this week for FinovateEurope. So pick up your ticket today if you don’t already have one and join hundreds of your fellow fintech fans in London as we celebrate our seventh event here in the U.K.

Here is the lineup for today.

Registration begins at 8am

8am to 8:45am: Registration and Continental Breakfast

8:45am to 10:15am:

10:15am to 10:45am: Intermission & Refreshments

10:45am to 12:05pm

12:05pm to 1:00pm: Lunch

1:00pm to 2:20pm

2:20pm to 2:50pm: Intermission & Refreshments

2:50pm to 4:10pm

4:10pm to 6:15pm: Networking, Open Bar, & Appetizers
Best of Show winners will be announced tomorrow

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

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Mobile Monday: Starbucks Adds Floating Balance to Mobile App

Mobile Monday: Starbucks Adds Floating Balance to Mobile App
By Jim Bruene Posted on
Categories: Mobile Banking, Mobile Payments, Starbucks

starbucks mobile balanceIn a major update last week (v4.3.2, 30 Jan 2017), Starbucks added a floating balance to its mobile app main page. So instead of navigating to the pay tab within the app, users always see their card balance as soon as they launch the app. And the balance stays floating in the lower right corner no matter how far down the page you scroll.

Furthermore, clicking the green button grays out the page and brings up two options tethered to the green button (see screenshot below):

  • Order
  • Reload

It’s a small thing, but it helps users know before they get to the front of the line whether they have enough funds in their prepaid account. It is also a good shortcut to the card reload function, though I’m not sure how many users will know/remember it’s there.

Bottom line: Banks should make sure that the balance is visible on all areas of their debit card interfaces. It’s an even worse user experience to find out you don’t have the funds after you’ve ordered your meal or rung up your grocery store purchases.

starbucks mobile reload order

Author: Jim Bruene is Founder & Senior Advisor to Finovate as well as
Principal of BUX Advisors, a financial services UX consultancy. 

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Practicing Perfection Before FinovateEurope 2017

Practicing Perfection Before FinovateEurope 2017
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2017

IMG_9908

FinovateEurope 2017 is just hours away and that means we’re busy preparing the demos for the 71 presenting companies that will demo their newest technologies over the course of the next two days.

If you don’t have your ticket, there’s still time to register. If you do, here are a few last-minute items to help you prepare.

Here’s what you need to know:

  1. Arrive early to get the perfect seat.
  2. Registration opens at 8:00 AM and the first demo will begin at 8:45 AM in the demo hall at the Old Billingsgate Market (directions).
  3. We’re returning to Old Billingsgate Market Hall in London: 1 Old Billingsgate Walk, London EC3R 6DX, UK

Agenda

Screen Shot 2017-02-06 at 1.19.11 AM

For specific questions, visit our FAQ at the bottom of the event site or email [email protected].

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Finovate Alumni News

By David Penn Posted on
Categories: Entersekt, EyeVerify, Featurespace, HotDocs, Icon Solutions, Klarna, Wonga

On Finovate.com

  • Practicing Perfection Before FinovateEurope 2017.

Around the web

  • BAI’s Banking Strategies takes a look at Wells Fargo’s deployment of eyeprintID from EyeVerify. Catch EyeVerify at FinovateEurope this week.
  • Entersekt CIO Gerhard Oosthuizen shares advice on passwords and protecting personal data in Moneyweb.
  • HotDocs teams up with Irish enterprise scale applications and infrastructure provider, Codec-dss. See HotDocs at FinovateEurope in London this week.
  • Klarna acquires German online payment provider BillPay from Wonga.
  • Icon Solutions joins forces with Featurespace to bring anti-fraud protection to instant payments. Meet Icon Solutions at FinovateEurope this week in London.

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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Fintech’s Latest and Greatest Take to the Stage at FinovateEurope 2017

Fintech’s Latest and Greatest Take to the Stage at FinovateEurope 2017
By David Penn Posted on
Categories: FinovateEurope 2017

FEU2016_for2017Sundaypost

It’s FinovateEurope time again in England’s capital city. In just a few days, the lights will go up on the Finovate stage and some of the most innovative entrepreneurs, startups, and fintech industry veterans in the world will be on hand to demonstrate their latest technologies live before our audience. We’re looking forward to seeing you Tuesday and Wednesday, February 7 and 8. So here are a few informational tidbits to make sure your FinovateEurope experience gets off to a great start.

Get Ready

The good news is that there are still “last-minute” tickets available for purchase. If you were hoping to attend this year’s event, but were afraid that you missed out, then click over to our Registration page and save your spot today.

Get There

FinovateEurope 2017 returns to Old Billingsgate Market Hall on the Thames in London’s financial district. 1 Old Billingsgate Walk, London, EC3R 6DX, UK.

 

Screen Shot 2017-01-23 at 4.27.53 PM

Get In

Registration opens at 8am, with the first demo beginning at 8:45am. Coffee and a continental breakfast will be provided, so come early, grab something to sip and something to nibble, and join us in the main hall.

Get Going

There will be four demo sessions on Tuesday and three demo sessions on Wednesday. Find out about our presenting companies on the FinovateEurope 2017 homepage, then learn a little more about them by checking out our FinovateEurope Sneak Peek series.

And be sure to check out the FinovateEurope 2017 Live Twitter feed @Finovate to read some of the more astute – and occasionally cheeky – insights on the day’s live demonstrations. Please tag your tweets with #Finovate so everyone will be able to find, read, and maybe even retweet your observations, as well.

Questions? We’ve got answers! Check our our FAQ section on the FinovateEurope 2017 website or send us an email [email protected].

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Forecasting Fintech for 2017

Forecasting Fintech for 2017
By David Penn Posted on
Categories: Avoka, Backbase, BBVA, D3 Banking, Fidor Bank, FIS, Fiserv, Kasasa, Moven, MX, NCR Corporation, Payoneer, Sberbank

crystal_ball_fortune_teller_clipartkid

It takes more than just one crystal ball to discern which trends will drive fintech innovation in 2017. To this end, here’s a roundup of predictions and prognostications on what the new year will bring in everything from artificial intelligence and the blockchain to payments and banking for the underbanked.

  • Banking ‘Disappears’ and Other Fintech Predictions for ’17 – American Banker
    • Hot Take: “Whether it’s through IoT devices, fintech platforms, virtual assistants or chatbots, people will likely spend more time connecting to their money through such channels and less time directly interacting with their banks.”
  • 3 Key Fintech Predictions for 2017 – Banking.com
    • Hot Take: “As much as 80 percent of the (African) continent is unbanked and up to 90 percent of retail payments are made using cash. This opens the door for fintech players to target consumers and workers who do not have access to traditional banking. Because of this banking gap, it is likely that some countries will entirely skip one generation of payment types (e.g. cards and start building a more innovative, mobile-drive(n) payments infrastructure.”
  • 11 Fintech Trends You Need to Follow – The Finanser
    • Hot Take: “According to EY, China has now taken the lead as the #1 fintech market in the world. Organizations should be looking east for business model innovations that can drive new revenues and sources of profit. New business models, such as Ant Financial and WeBank services, will start influencing fintech in the U.S. and Europe, as they are driven by mobile money services.”
  • Top 10 Fintech Predictions for 2017 – Daily Fintech
    • Hot Take: “Bitcoin moves from its Darknet phase (illegal) to the early adopter Clearnet phase. This is when legitimate people charge in Bitcoin for legal transactions. This will start with cross border digital products. Because this brings new bitcoins into ‘circulation’ with owners who also then want to pay in bitcoin, this starts a sustainable move to mainstream use which supports the price.”
  • Five fintech trends for 2017 – bobsguide
    • Hot Take: “Innovation in artificial intelligence is set to increase in 2017. AI will provide business users with access to powerful insights before they are available to them. This will be done through the use of cognitive interfaces in complex systems, advanced analytics, and machine learning technology.”
  • Top Ten Fintech Predictions for 2017 – Crowdfund Insider
    • Hot Take: “The rebirth of trust is upon us with the advent of distributed ledger. Many issues such as fraud, verification of true ownership, clearance of multi-party transactions and chain-of-events are easily solvable. Insiders have been calling the distributed database, ‘The New Internet.'”
  • Fintech Predictions for 2017 – TechCrunch
    • Hot Take: “2016 brought rocky times for some FinTech lenders, especially in the first half of the year, but through the tumult came maturity. The complexity and challenges of running capital intensive businesses in a highly regulated industry was never more real than 2016, but the top platform weathered the storm, and most are long-term stronger for it. 2017 will continue to be the year where the top players pull away from the pack. At the beginning of 2016, there were an estimated 400+ fintech lenders in the U.S. – in 2017, I expected the supermajority of the lending to come from just 10 or so platforms.”

Fintech 2017 – The Roundtables

  • Fintech: What’s Next? – Breaking Banks
    • Brett King, Moven (F16); Chris Skinner, The Finanser; Jim Marous, The Financial Brand; Dave Birch, Consult Hyperion; Ghela Boscovich, FemTech Leaders; and Penny Crosman, American Banker
  • Fintech Predictions for 2017 – Fintech Insider
    • David M. Brear, 11FS; Chris Skinner; Jason Bates, 11FS; Simon Taylor, 11FS; David Birch; Ben Brabyn, Level3
  • Top 10 Retail Banking Trends and Predictions for 2017 – The Financial Brand
    • Last, but not least, this 90+ page report features insights from a panel of more than 100 global financial service leaders from around the world. Includes Don Bergal, Avoka (F16, FD16); Mike Carter, D3 Banking (F15); Scarlett Sieber, Shamir Karkal, Teppo Paavola, Maria Jose Jorda Garcia, BBVA (F13, FD16); Jon Ogden, MX (F16, FD16); Frank Schwab, Sberbank (F16); Sophie Guibaud, Fidor (F11, FD16); Matthew Wilcox and Deva Annamalai, Fiserv (F16); Bob Legters, FIS (F16); John Waupsh; Kasasa (as BancVue F09); Jelmer de Jong, Backbase (F16).

“F” refers to the company’s most recent Finovate conference appearance. “FD” refers to the company’s most recent presentation at our developer’s conference, FinDEVr. Find out more about our upcoming events FinovateEurope in February and FinDEVR New York in March.

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Finovate Alumni News

By David Penn Posted on
Categories: Intuit, Marketsmojo, NCR Corporation

On Finovate.com

Around the web

  • Wells Fargo forges data-exchange partnership with Intuit.
  • Bottomline Technologies integrates intelligent transaction processing technology from NCR.
  • Live Mint profiles Mumbai-based, investment advisory platform, MarketsMojo.

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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