FinovateEurope 2014 Best of Show Winners

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After a busy two days of fintech demos, the FinovateEurope audience members have made their voices heard.
After watching the 67 demoing companies show off their newest innovations on stage in front of the sold out auditorium, the crowd voted for their 3 favorite demos at the end of each day. The 9 companies with the highest number of votes were crowned winners.
Here they are in alphabetical order:
Backbase, with its out-of-the-box tool for mobile account origination and enrollment
BehavioSec, with its behavioral biometrics solution created specifically for a mobile environment
Dynamics, for its new Open Loop and Closed Loop card technology
Etronika, for its multi-channel partnership ecosystem within BANKTRON
MISYS, for its cross-generational digital banking experience
Momentum (FKA YourWealth) for its MoneyHub technology that gives users total control of their entire financial life.
Luxoft, for its iStockTrack, an app that gives users a single place to connect with their investment life
Tink, for its mobile PFM that helps users stay connected with their finaces
Toshl, for its quirky PFM that makes finances fun
As always, thanks for your continued support. See you next year at FinovateEurope 2015!
All of the demo videos will be available on Finovate.com in two weeks.

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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 nine 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.

AXA Banque and Chappuis Halder & Cie Debut SOON, a Mobile-First Approach to Banking

This post is part of our live coverage of FinovateEurope 2014.

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Finishing up FinovateEurope 2014, AXA Banque and Chappuis Halder & Cie come up to debut SOON, a mobile-first approach to banking:
“SOON is changing the way everyday banking is done. Mobile banking can be much more than another channel to use the same banking services because mobile handset capabilities enable brand new user experiences. SOON is one of the first bank services to be specially designed for a mobile smartphone, with the objective to make bank services useful, simple, and pleasant. Focusing on design and user experience, we took Apple as an example and used the Nudge marketing theory to develop useful functionalities to manage money.”
Presenting Raphaël Krivine (General Manager, AXA Banque) and Patrick Bucquet (VP Digital, CH&C)

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Product Launch: January 2014
Product distribution strategy: Direct to Consumer (B2C)
HQ: Fontenay Sous Bois, France
Founded: September 2012  
Website: soon.fr 
Twitter: @soon

Smart Engine’s Shopping Assistance Helps Banks Bring More Targeted Offers to Consumers

This post is part of our live coverage of FinovateEurope 2014.

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Then, Smart Engine took the stage to launch its Shopping Assistance technology that helps banks take advantage of big data to bring consumers more targeted offers:
“We are demonstrating the next generation of our innovative Shopping Assistance functionality which adds an entirely new level of “big data” consumer profiling and multichannel targeting to our card linked offer bank loyalty platform. 
The cardholder checks in at the merchant store using the App or logs on to the web shop. Our consumer insight analytics in real time pushes relevant shopping offers and recommendations which match the cardholder’s preferences. The preferences are derived from the cardholder’s profile which we maintain consistently across all merchant sales channels. The cardholder checks out from the store using the Smart Engine App, paying for the purchase and redeeming a discount all in one go.”
Presenting Christian Bacher (Managing Partner) and Anna Bacher (Director of Sales & Bus. Dev.)

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Product Launch: Q1, 2014
Metrics: Money raised to date: $8M, annual revenues: $950,000, number of employees: 35, shareholder structure: 60% – 2 private venture capital funds, 40% – management
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Europe: Vienna, Austria, Asia: Hong Kong, China
Founded: December 2010
Twitter: @SmartengineNws

Arxan’s Security Technology Shields at the Application Layer for Tamper-Proof Protection

This post is part of our live coverage of FinovateEurope 2014.

ArxanLogoFEU14.jpgNext, Arxan Technologies took the stage with its mobile app shielding for financial services:

“Arxan’s mobile application hardening delivers 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.”
Presenting Vince Arneja (VP Product Management) and Winston Bond (Security Solutions Architect)
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Product Launch: October 2013
Metrics: majority private equity investment made in Arxan in September 2013, HQ in USA with global offices in EMEA and APAC
Product distribution strategy: Direct to Business (B2B)
HQ: Bethesda, MD, USA
Founded: January 2001
Website: arxan.com
Twitter: @Arxan

Mobino Presents Its Universal Mobile Payments Solution

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This post is part of our live coverage of FinovateEurope 2014.

The team from Mobino is making its way to the stage now with their innovative approach to bringing mobile payments to the masses.

“The new Mobino app delivers superior convenience for customers with a seamless integration of many payment scenarios:
  • Peer-to-peer money transfer
  • Payment for goods and services in shops
  • POS and cash register integration
  • Quicker and safer e-commerce payments
  • Fluid payment flow for mobile commerce
  • Cheap and efficient international remittances
  • Registration and KYC process for unbanked
  • Cash-in/out operations at agents and ATMs
We are looking for distribution partners and investors to expand our reach in Europe and worldwide.”
Presenting Jean-Francois Groff (CEO) and Bea Beyer (Evangelist)
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Product Launch: November 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Geneva, Switzerland
Founded: March 2011
Website: mobino.com
Twitter: @mobino

Innovation Agency Crowdsources Innovation through Community Collaboration

This post is part of our live coverage of FinovateEurope 2014.

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Next, Innovation Agency took the stage to demo its approach to innovation in financial services:
Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and is able to provide for both private and public ecologies as well as emergent and structured innovation approaches. Innovation Café is a lightweight platform with advanced white labeling and custom theme capabilities and the ability to integrate with SharePoint, HR and other systems to provide detailed reporting. 
It is able to deal with a high volume of users and ideas and has a sophisticated social ranking and rating mechanism. Crowdsourcing and community collaboration pay attention to business objectives that are focused through idea challenges. Our judging, recognition/reward process, and digital persona releases are our primary focuses at FinovateEurope.”
Presenting Sean O’Reilly (CTO) and Rory Moore (CEO)
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Product Launch: February 2014 at FinovateEurope
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY, USA
Founded: December 2008
Twitter: @InnovationInfo, @cafe_innovation

Money on Toast Debuts Holistic Financial Advice Platform

This post is part of our live coverage of FinovateEurope 2014.

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Then, Money on Toast demonstrated how its Doughbot delivers holistic financial advice:
“Money on Toast delivers independent and whole of the market FCA-regulated financial advice online via an algorithm-powered adviser, Doughbot. Clients can obtain advice on investments, pre and at-retirement planning, protection and inheritance tax. 
How it works: The online system guides the customer through a series of questions, assessing a number of different factors just as a human adviser would. Doughbot then produces a comprehensive electronic suitability report detailing what has been recommended, which is emailed to the client. Clients can then click through and buy these products directly online. All interactions are electronically tracked, providing a complete compliance trail.”
Presenting Charlie Nicholls (Founder & Managing Partner) and Catharine Dodd (Project Manager) 
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Product Launch: May 2012 
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
HQ: London, UK 
Founded: March 2012
Twitter: @Moneyontoast

ITSector’s Commercial Sales GPS Helps Out Financial Institutions’ Sales People

This post is part of our live coverage of FinovateEurope 2014.

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Starting off the final session today, ITSector debuted its Commercial Sales GPS to help out financial institutions’ sales teams:
“Commercial Sales GPS offers financial institutions’ sales teams a solution to guide all commercial effort, including mobile access from everywhere. The main aim of the solution is to provide global information for commercial activity, including:
    1. Windows 8 Mobile Tablet – front end for accessing maps and detailed management information and Proactivity map
    2. Action Tool for Commercial Managers – guidance for commercial effort
    3. Tool for achieving Cycle Proactivity – planning, scheduling, preparation, and report overview
The software, based on Microsoft Dynamics CRM, will cover the main activities of the sales process, from account planning, all the way through visit scheduling, preparation, and execution up to monitoring.”
Presenting João Pinto (Director) and Vitor Barros (IT Architect)

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Product Launch: February 2014
Metrics: €9M in 2013 revenues, 200 employees in 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Porto, Portugal
Founded: April 2005
Website: itsector.pt

Temenos Presents its Treasury Management Dashboard Tablet App

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This post is part of our live coverage of FinovateEurope 2014.

From Geneva, Switzerland, the team from Temenos is up next with their solution for managing treasury operations.

“The Temenos Treasury Management Dashboard Tablet App has been developed for Microsoft Windows 8 and enables the transformation of treasury operations. It provides a dynamic dashboard user interface, accessing real time, accurate business-critical information in relation to the bank’s overall position against the market, enabling them to spot opportunities and manage risk from wherever they are and at any time. 
This app allows better access, increased mobility, and stronger collaboration for information sharing in the workplace whilst enabling treasury managers to be far more responsive and effective in making critical business decisions – ultimately producing higher returns and managing risk.”
Presenting Adam Gable (Product Manager) and Mike Williams (Sales Director, Temenos Channel Solutions)
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Product Launch: May 2014
Metrics: 3,700 employees worldwide; 1,500 customer deployments; $450 revenue in 2012
Product distribution strategy: Direct to Business (B2B)
HQ: Geneva, Switzerland
Founded: 1993
Website: temenos.com
Twitter: @Temenos

Intuition Intelligence’s Smart Offers Solution Helps Banks Bring Users Relevant and Targeted Offers

This post is part of our live coverage of FinovateEurope 2014.

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Next, Intuition Intelligence demonstrated its Smart Offers platform:
“Smart Offers markets Bank Products and Merchant Offers embedded in Super Relevant financial content.  The financial content matching a customer’s life cycle serves as a powerful trigger to act on the Super Relevant Bank Products and Merchant Offers. The customer Analytical feedback to Banks is a powerful lead generation tool providing deeper insights on customer likes and needs.
Smart Offers solution sources a huge volume of offers from the open coupons and deals networks. The Bank manager portal enables financial institutions to view, select, and approve offers.
Smart Offers’ iCube Super Relevancy engine learns user intent in click time and delivers Super Relevant offers at the right moment via digital channels without spam or friction. Thus, banks experience higher conversion on a scale never seen before, resulting in dramatic increases in revenue.
Smart Offers solution can be easily integrated to existing infrastructure, hosted on-premise, or by a software-as-a-service model.”
Presenting Dr. Arif Ansari (CEO) and Yusuf Ansari (COO)

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Product Launch: November 2013
Metrics: 20 employees in California & India
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Dublin, CA, USA
Founded: October 2013

BehavioSec’s Adaptive User Authentication System Removes the Burden of Security from the End User

This post is part of our live coverage of FinovateEurope 2014.

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Then, BehavioSec demonstrated how its system can remove the burden of security from the end user:
“User-friendly, adaptive user authentication via risk based authentication, or behavioural biometrics, and the reality of legacy systems at our current customers.
BehavioSec extended its award winning BehavioWeb and BehavioMobile solutions to offer policy based behaviour authentication actions.
This allows the web fraud detection system to define cause and effect authentication, removing the burden of troublesome security from the end user.”
Presenting Neil Costigan (CEO) 

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Product Launch: April 2012
Metrics: €1.5M, 12 employees, university spin out
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
HQ: Stockholm, Sweden
Founded: May 2009
Twitter: @behaviosec

Luxoft Helps Banks Give their Clients a Single Place to Track their Investments

This post is part of our live coverage of FinovateEurope 2014.

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Next, Luxoft demonstrated iStockTrack, an app that gives users a single place to connect with their investment life:
“iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients. iStockTrack features include client consolidated wealth view, investment portfolio monitoring, personal adviser video call and chat, 24/7 individual banking services, instant market data and news, and macroeconomics dashboard – all in one app!”
Presenting Przemyslaw Berendt (VP Global Marketing)

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Product Launch: May 2013
Metrics: 7,000+ employees, 19 offices worldwide, 130+ clients, 300+ successful projects, revenue CAGR 26% FY 2011 to FY 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Zug, Switzerland
Founded: 2000
Website: luxoft.com
Twitter: @Luxoft_tweets