FinovateFall 2013 Best of Show Winners

FF2013-BestofShow-highres.jpg

We just wrapped up FinovateFall 2013 in New York. After a successful two days filled to the brim with 69 live demos, the audience voted for their favorites. Ultimately, the top eight companies were named Best of Show, and took home a trophy.

The winners (in alphabetical order):

InteractionsLogo.jpg

Interactions, for its voice-based virtual assistant technology

Interactions.jpg

LearnVEstlogo.jpg

LearnVest, for its iPad app and Workplace Solutions Center
LearnVest.jpg

mBankAccenturelogo.jpg

mBank & Accenture,  for their Bank 3.0 online platform
mBank.jpg

MitekLogo13.jpg

Mitek for its Mobile Photo Account Opening solution
MitekFFPic.jpg
MoneyDesktop, for its GuideMe solution
MDpic.jpg
MoneyDesktopLogoNew.jpg

motiflogo.jpg

Motif for its platform that lets you invest in ideas in one click
HardeeepIMG.jpeg
TipRanks, cloud-based accountability engine for investors
TipRanksLogo.jpg
tipranks.jpg

YodleeLogo2012.jpg

Yodlee, for its debut of TANDEM that helps groups manage and discuss shared finances
yodleeFFimg.jpg

All of the 69 demo videos will be posted on Finovate.com in a few weeks.

A huge thank you to everyone who joined the audience and participated in our largest New York show so far. And, of course, thanks to the 69 innovative companies who took on the FinovateFall stage in front of a crowd of 1,100+ audience members.

——————————————————————

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 eight 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.

Numbrs Provides One Point of Contact for Your Entire Financial Life

Numbrslogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our final presentation of FinvateFall 2013 comes courtesy of the team from Numbrs.
“Numbrs – the world’s leading ‘nonbank.’ We offer a multi-banking solution that will disrupt the banking landscape by providing people with a holistic overview of their past and future transactions in what we call the timeline. 
The future is just one swipe away, and you can retrieve upcoming transactions and your predicted future balance.
An easy-to-use analysis helps you understand and optimize your spending behavior. Users can aggregate all their bank account into one app. In addition to that, money can be transferred from your mobile device, and notifications will remind you of your upcoming transactions based on behavior in the past.”
Product Launched: August 2013
Metrics: Numbrs recently raised $3.8M, bringing their funding total to more than $10M, & currently has 20 employees
Product distribution strategy: Direct to Consumer (B2C)
Founded: September 2012
Website: numbrs.com
Twitter: @numbrs_app
Presenting Julien Arnold (CEO & Founder) and Johannes Huebner (CTO & Co-Founder)
IMG_Nu3169.JPG
IMG_Nu3170.JPG
The full demo video will be available at Finovate.com in mid-September.

PhonyInvoices Provides Scalable, Robust Technology to Curb Invoice Fraud

PhonyInvoiceslogo.jpg

This post is part of our live coverage of FinovateFall 2013.

PhonyInvoices is making its way to the Finovate stage now. The company’s solution helps combat phony invoice schemes that cost businesses millions every year.

“PhonyVendorCheck is a data driven SaaS solution that is much more scalable, robust and comprehensive in its ability to curb invoice fraud.
Implementation of our two current products has led to the development of PhonyVendorCheck, a data-driven SaaS solution that is much more scalable, robust, and comprehensive in its ability to curb invoice fraud. We are rolling out this new product right here at FinovateFall 2013:
  • phonyvendorcheck.com – a website for customers to upload their vendor list for immediate verification
  • Financial Software ‘Plug-Ins’ – Quickbooks App for automated vendor check. More accounting software add-ons to follow
  • Payment Processors – through a customized API, financial institutions can access our database to provide their customers a real time safeguard from paying invoice scams
  • Data Companies – API allows other companies to leverage our data”
Product Launch: September 2013
Metrics: Personally funded by Barnett Helzberg & 5 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed
HQ: Kansas City, Missouri
Founded: January 2012
Twitter: @PhonyInvoices
Presenting David Cacioppo (Founder) and Jonathan Lee (VP Business Development)
IMG_PyI3160.JPG
IMG_PyI3156.JPG
The full demo video will be available at Finovate.com in mid-September.

WordSentry for Outlook Indicates When Email Messages are Questionable Before They are Sent

This post is part of our live coverage of FinovateFall 2013.

WordSentryLogo.jpg

Next, WordSentry showcased how it can help financial institutions monitor outgoing email messages for questionable content before sending:
“The demonstration is of WordSentry for Outlook. E-mail messages will be composed during the demo and WordSentry will analyze words and phrases for ambiguity, tone, compliance, and emotionality.
Comments will be displayed alongside questionable message components, along with explanations of problems detected. When questionable components are corrected or improved the comments disappear and the message is Clear to Send.”
Product Launch: July 2013
Metrics: $485,000 raised from angels & associates, 5 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, archiving companies, terminal suppliers, and other fintech companies & platforms
HQ: Indianapolis, IN
Founded: November 2012
Twitter: @wordsentry
Presenting Harris Turner (Founder) and Dr. Johan Bollen (Co-Founder & Lead Theorist)
IMG_WS3141.JPG
IMG_WS3149.JPG
The full demo video will be available at finovate.com in mid-September.

Apprenda’s Technology Helps Financial Institutions Develop and Deploy Modern Software

This post is part of our live coverage of FinovateFall 2013.

ApprendaLogo.jpg

Next up, Apprenda demoed its technology to help financial institutions develop and deploy modern software to help them better align with their IT departments:
“Apprenda is the leading Enterprise Platform as a Service (PaaS) product powering the next generation of software defined enterprises. As a foundational software layer and application run-time environment, Apprenda abstracts away the complexities of building and delivering modern software applications, enabling organization to turn their ideas into innovations faster. 
By decoupling applications from infrastructure and developers from IT, Apprenda empowers organizations to achieve significant cost savings and massive productivity improvements that result in better business/IT alignment. With Apprenda, modern software development and delivery becomes frictionless and IT delivers more value to the business by operating like a world-class service provider.” 
Product Launch: May 2013
Metrics: More than 16M raised in venture capital & more than 50 employees & growing
Product distribution strategy: Direct to Business (B2B)
HQ: Clifton Park, NY
Founded: June 2005
Website: apprenda.com
Twitter: @apprenda
Presenting Sinclair Schuller (CEO & Co-Founder)
IMG_AA3166.JPG
IMG_AA3163.JPG
The full demo video will be available at finovate.com in mid-September.

P2P Cash Helps Users Send Remittances to Any Cellphone Worldwide

This post is part of our live coverage of FinovateFall 2013.

P2PCashlogo.jpg

Next, P2P Cash stepped up to demo its remittance platform:
“P2P Cash’s low cost money transfer system enables online consumers to send money to any cellphone worldwide at zero cost. Using international banking standards (SWIFT), P2P Cash developed a highly scalable, low cost mobile financial services solution to send cash to any cellphone globally. The technology enables any retailer to offer money transfer and other financial services to their customers, generating new revenue for the retailer.”
Product Launch: February 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & licensed
HQ: Roswell, GA
Founded: February 2008
Website: p2pcash.com
Presenting Donald Chapman (VP Business Development) and Tom Meredith (CEO)
IMG_PPC3137.JPG
IMG_PPC3139.JPG
The full demo video will be available at Finovate.com in mid-September.

Narrative Science’s Quill Financial Helps Institutions Process and Understand Big Data

This post is part of our live coverage of FinovateFall 2013.

NarrativeSciLogo13.jpg

Next, Narrative Science demonstrated how Quill Financial helps financial institutions analyze their data at a large scale:
“Quill Financial is a product suite that enables financial institutions the ability to automatically analyze, understand, and communicate what’s happening in their data at a speed and scale never before possible.
Portfolio Commentary: Quill automatically creates and delivers on-demand portfolio communications for wealth and investment management firms so that portfolio managers, sales, and marketing teams can access tailored, up-to-date commentary whenever they need it.
Investment Research: Quill analyzes both proprietary and market data to produce monthly and intra-month research reports that assess company expectations, upside and risk to help analysts, bankers, and investors make long-term investment decisions.”
Product Launch: September 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Chicago, IL
Founded: January 2010
Twitter: @narrativesci
Narrative Science recently announced it raised $11.5 million in Series C funding from Jump Capital and SAP Ventures along with Battery Ventures and Northwestern University.
Presenting Kris Hammond (CTO, Narrative Science) and Tim Bixler (Credit Suisse Managing Director — Global Head of HOLT)
IMG_NS3131.JPG
IMG_NS3134.JPG
The full demo video will be available at finovate.com in mid-September.

Place2Give Debuts Advisor Toolbox to Provide Charitable Giving Guidance

This post is part of our live coverage of FinovateFall 2013.

Place2GiveLogo.jpg

Next, Place2Give showcased how its tool can help advisors provide charitable giving guidance to their clients:
“The Advisor Toolbox uses proprietary algorithms to help financial and legal advisors provide additional fee value by reducing the research time taken to help clients achieve their charitable giving strategies. 
Our FinovateFall demo includes the client profiling tool, charity search and client typology matching, charity research, and the day-to-day management of a client’s charitable giving (including the scheduling of disbursements and tax receipts). The Toolbox can be incorporated into a client’s existing CRM or wealth advisory software.”
Product Launch: Spring 2013
Metrics: North America’s largest and most current charity search engine with a database of 1.6M+ North American charities profiled against 3 different donor typologies and incorporating 9 independent data sources. 6 employees, 4 contractors on retainer, and 3 students. No VC backing. Began generating revenue in 2012 through the sale of research, data, and the Advisor Toolbox. 
Product distribution strategy: Direct to Business (B2B), Reseller initiatives, & Data licensing.
HQ: Calgary, AB, Canada
Founded: June 2010
Twitter: @Place2Give
Presenting Gena Rotstein (Chief Conversationalist & Founder) and Ryan Bengtson (Developer)
IMG_P2G3110.JPG
IMG_P2G3122.JPG
The full demo video will be available at finovate.com in mid-September.

SECOM GMixon Pixeliris Uses Sonic Communication to Create a Universal Contactless Mobile Payment System

This post is part of our live coverage of FinovateFall 2013.

SECOMGMixonLogo.jpg

Beginning the final session of FinovateFall, SECOM GMixon Pixeliris demonstrated its universal, contactless mobile payment system:
“Pixeliris Labs’ unique contactless technology allows us today to create the first universal contactless mobile payment system. Based on sonic communication, our technology is compatible with 100% of existing phones and smartphones unlike NFC technologies which are compatible with only 5% of the smartphones and incompatible with phones. 
Several patents have been filed with regard to the security of the transaction. We have developed this technology into a SDK as to allow third companies to integrate the modules aiming a business model based on transaction fees.
With Copsonic, pay anywhere with any phone.”
Product Launch: September 2013
Metrics: Company with a capital of €210,000, 11 employees in France, & 50 engineers around the world
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, & licensed
HQ: Montauban, France
Founded: April 1989
Website: copsonic.com
Presenting Brian Roeten (Senior Product Manager) and Emmanuel Ruiz (CEO & Head of Innovation)
IMG_SG3104.JPG
IMG_SG3106.JPG
The full demo video will be available at Finovate.com in mid-September.

MasterCard Worldwide Presents its Dual Value Health Card for POS Payments

This post is part of our live coverage of FinvoateFall 2013.

The final presenter for this session before the afternoon break is MasterCard Worldwide. The company is demoing its Dual Value Heath Card which creates point of sale incentives wherever MasterCard is accepted.
“The Dual Value Health Card combines the MasterCard payment network with InComm’s closed-loop payment system. The Dual Value Health Card can be swiped at the point of sale (POS) and routed to an open-loop or closed-loop processor, allowing the cardholder to offer payment on eligible items while simultaneously receiving targeted incentives, all in real time and right at the POS.”
Product Launched: January 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & licensed.
HQ: Purchase, NY
Founded: 1966
Twitter: @MasterCardNews
Presenting Beth Griffin (Global Business Leader Healthcare & Insurance Global Products & Solutions, MasterCard) and David Vielehr (VP, Healthcare, InComm)

IMG_MA3096.JPG
IMG_MA3097.JPG
The full demo video will be available at Finovate.com in mid-September.

Financial Guard Delivers Transparent, Actionable Online Investment Advice

FinancialGuard_logo.jpg

This post is part of our live coverage of FinovateFall 2013.

As we move toward the end of our first post-lunch session, Financial Guard is making its way to the stage.
“Financial Guard will make investing simple and transparent for the individual investor saving for retirement. Through technology, an investor can quickly receive a holistic view of their entire investment portfolio(s) and receive actionable recommendations based on their investor profile on how to optimize. 
Financial Guard’s action plan provides an easy to understand “Grade” on both the individual investments and overall portfolio and clearly tells the investor what to Buy, Sell, and Hold within their accounts. We then continue to monitor an investor’s portfolio and regularly alert and advise when changes and rebalances need to occur.”
Product Launch: Summer 2013
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: Salt Lake City, Utah
Founded: January 2010
Presenting Kevin Pohmer (President) and AJ Remlinger (Director, Business Development)
IMG_FG3083.JPG
IMG_FG3091.JPG
The full demo video will be available at Finovate.com in mid-September.

Biometric Signature ID Presents its Software Only Biometric ID Verification Solution

BioSigIDLogo.jpgThis post is a part of our live coverage of FinovateFall 2013.

Biometric Signature ID is making its way to the stage right now —
“BioSig-ID complies with the new gold standard – multi-factor authentication. BioSig-ID requires NO additional hardware, and measures the unique biometric patterns of a user as they ‘draw’ their password to log in. A user is authenticated against a stored pattern from enrollment and after identity is confirmed, access to the device, files, or accounts is granted.”
Product Launch: March 2011
Metrics: $2.5 raised to date (28 founder, friends, & staff, a 2010-2011 $550,000 investment from State of Texas & $500,000 from Mohegan Biometrics in 2012), $500,000+ in revenues; nearly 1M registered users in more than 53 countries and all 50 states in the U.S., 50+ clients, & 7 employees (including consultants)
Product distribution strategy: Direct to Business (B2B) & through financial institutions
HQ: Lewisville, Texas
Founded: July 2007
Website: biosig-id.com
Presenting Jeff Maynard (CEO & President) and Ron Kerkenaar (Senior Technical Analyst)

IMG_BSI3075.JPG
IMG_BSI3080.JPG
The full demo video will be available at Finovate.com in mid-September.