FinovateEurope 2017 Best of Show Winners Announced

FinovateEurope 2017 Best of Show Winners Announced

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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

Finovate Alumni News

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.

 

Forecasting Fintech for 2017

Forecasting Fintech for 2017

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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.

Finovate Alumni News

On Finovate.com

  • StockTwits Partners with TradeIt to Expand Beyond Robinhood’s Brokerage.

On FinDEVr.com

  • SimplyTapp Launches New Payments and E-Commerce App, Gane.

Around the web

  • TransferTo partners with Wirecard to enable mobile money operators to offer mobile-to-mobile remittance services.
  • Ayondo announces deadline for 2017 social trading championship.
  • Hellenic Bank of Cyprus to deploy new digital banking platform from Backbase. Join Backbase at FinovateEurope in London next month.
  • StockTwits teams up with TradeIt to give community members ability to execute trades with major brokerages via new iOS app.
  • Xignite adds senior sales, business development talent; unveils new offices in New York financial district.
  • Bambu wins Best Early Startup award at Next Money in Hong Kong.
  • Wealthfront revamps Selling Plan to help users sell and diversify their company stock.
  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • South by Southwest (SXSW) selects Hip Pocket to showcase Hip Money at SXSW Accelerator Pitch Event in March

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.

Finovate Alumni News

On Finovate.com

  • “Roots Rock: eMoney Advisor Reports Breakout Revenue Metrics for 2016″
  • Check out this week’s “FinDEVr APIntelligence”
  • Nubank Raises $80 Million in Series D Funding”
  • “Finovate Debuts: Agreement Express Helps Advisers Offer Non-Intrusive Onboarding”

Around the web

  • Nostrum CFO Neil Warman re-elected to Confederation of British Industry (CBI) regional board.
  • Qumram wins 2016 Private Banking International (PBI) award for Outstanding Front-End Digital Solutions Provider.
  • Ovum recognizes Backbase as digital banking platform market leader.
  • Comarch partners with TrustWeaver to make e-invoicing cross-border compliant.
  • True Potential listed in the Deloitte Technology Fast 500 EMEA for the fourth consecutive year.
  • Fundable profiles DAVO’s funding since its 2011 launch and its milestone of 800 clients.
  • Orca Money interviews Scalable Capital CEO Adam French.
  • Luxoft wins Best Enterprise Systems Integrator in Constellation Research’s 2016 Enterprise Awards.
  • Zopa takes home two awards at the AltFi Awards and wins Best P2P Lending Platform at the F5 Awards.
  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Akamai Acquires Cyberfend for Bot Detection”

Around the web

  • Fiserv Portico to power core account processing and enhanced functionality for commercial lending for Green Country Federal Credit Union.
  • Forbes names Backbase one of 10 European growth businesses to watch in 2017.
  • i-exceed recognized as Samsung’s 2016 Mobile B2B: ISV Partner of the Year.
  • TemenosMarketPlace receives the Banking Technology Readers’ Choice Award for “Best emerging/innovative technology product/service” at the Annual Banking Technology Awards.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Envestnet | Yodlee to Support Morgan Stanley Wealth Management Business.
  • True Link Financial Lands $3.6 Million Investment.

Around the web

  • Backbase to power commercial banking platform for Metro Bank.
  • Crowdfund Insider features OurCrowd’s Jon Medved.
  • CNBC interviews Thinknum co-founder Justin Zhen.
  • Coverhound announces new partnership with pay-per-mile auto insurance innovator, Metromile.

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.

FinDEVr APIntelligence

FinDEVr Silicon ValleyFDNY17_EventLogo_v1(wdate) was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot!

On FinDEVr.com

The latest from FinDEVr Silicon Valley presenters

  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • Extended partnership makes Yodlee’s data aggregation available via Backbase’s Open Banking Marketplace.
  • Hyperwallet announces support for real-time, push-to-card payments-solution,Visa Direct.
  • Full Envestnet | Yodlee Integration Give Advisers Big Picture View of Client Finances.
  • Modo to give the Bank of America access to its COIN Operated Digital Payments Hub.
  • Expensify launches direct integration with Zenefits.

Alumni updates

  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • Bluefin Payment Systems launches cloud-based hosting option for its DecryptxPCI-validated P2PE product through Amazon Web Services.
  • Intuit expands partnership with PayPal to provide QuickBooks Online customers with a new way of accepting payments via PayPal.
  • Chain launches open-source edition of its distributed ledger, Chain Core Developer Edition.
  • Avoka earns a pair of “XCelent Awards” for service and breadth of functionality from Celent.
  • Trulioo announced that its GlobalGateway platform now reaches 60 countries.
  • On Deck Capital and Kabbage agree to disclose SMB loan pricing.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • Lendio Closes $20 Million Funding Round
  • Lending Club Launches Car Loan Refinancing Product
  • Check out today’s sneak peeks of upcoming FinovateAsia demos:

Around the web

  • AdviceRobo reaches 900k credit scores
  • Bill.com partners with Intuit to power end-to-end accounts payable within QuickBooks Online
  • Actiance appoints Cynthia Crossland as CMO
  • Entrepreneur Magazine names Cardlytics One of the Best Entrepreneurial Companies in America
  • American Banker: Bizfi Hires Former Lending Club Exec as New CEO
  • Intuit expands partnership with PayPal to provide QuickBooks’ Online customers with a new way of accepting payments via PayPal
  • Farm Credit Services of America picks DNA from Fiserv to support agricultural lending
  • Extended partnership makes Yodlee’s data aggregation available via Backbase’s Open Banking Marketplace
  • Chain launches open source edition of its distributed ledger, Chain Core Developer Edition
  • Avoka earns a pair of “XCelent Awards” for service and breadth of functionality from Celent
  • Trulioo announced that its GlobalGateway platform now reaches 60 countries
  • Hyperwallet announces support for real-time, push-to-card payments solution, Visa Direct

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.

Backbase and Mitek Partner to Remove Onboarding Friction

Backbase and Mitek Partner to Remove Onboarding Friction

backbase_homepage_october2016

A new partnership between mobile capture innovator Mitek and omnichannel digital banking solution provider Backbase will make Mitek’s document scanning and validation technology available via the Backbase Open Banking Marketplace. “Backbase is on a mission to deliver seamless digital banking experiences across all devices and channels,” company co-founder and CEO Jouk Pleiter said in a statement. “Our omnichannel banking platform easily enables banks to plug in best-of-breed fintech capabilities.”

The collaboration is an extension of the existing partnership between the two Finovate alums. Among the first to take advantage of the enhanced relationship between the two innovators is Malaysian financial service provider AmBank with more than six million customers. Sarah Clark, general manager for Identity Solutions at Mitek, called AmBank “just one example of how financial institutions can benefit from optimizing the digital experience with Mitek’s innovative and industry-leading technologies.”

mitek_homepage_october2016

Founded in 1985 and headquartered in San Diego, California, Mitek demonstrated its Mobile Verify technology at FinovateSpring 2016. Last month, the company unveiled its new mobile, multicheck capture SDK that helps FIs and their developers deploy mobile banking apps for businesses faster. Online currency exchange b-Sharpe announced it would deploy Mitek’s Mobile Verify last month, as well. In May, Mitek partnered with another Finovate alum, Avoka, integrating its Mobile Fill technology with the Avoka Transact platform to speed new customer acquisition, loan origination, and customer onboarding for banks. Mitek won Best of Show for its Mobile Photo Account Opening solution demonstrated at FinovateFall 2013. James DeBello is CEO.

Backbase, which took home Best of Show honors at FinovateFall 2016 last month, was founded in 2003 and is based in Amsterdam, The Netherlands. The company partnered with fellow Finovate alum Entersekt in August, bringing the company’s payment-authentication technology to its Open Banking Marketplace. The company’s digital banking platform was picked by India-based HDFC Bank earlier this month, selected by India’s IDFC Bank in August, and chosen by U.K.’s oldest bank, C. Hoare & Co., in May.

Finovate Alumni News

On Finovate.com

  • Alpha Payments Cloud Teams Up with RS2 Software to Support FIs in Thailand. See Alpha Payments Cloud at FinovateAsia in Hong Kong on November 8.
  • Backbase and Mitek Partner to Remove Onboarding Friction

Around the web

  • Suez Canal Bank in Egypt upgrades its core banking technology from Temenos.
  • Intuit QuickBooks buys Bankstream.
  • Thomson Reuters partners with AIM Software to provide buy-side firms with better access to pricing and reference data.

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.

Finovate Alumni News

On Finovate.com

  • Fintech Favorites: A Roundup of Top Stories in Fintech
  • Aire Raises $2 Million, Receives Regulation from the Financial Conduct Authority (FCA)

Around the web

  • India-based HDFC Bank selects Backbase to implement its digital banking platform.
  • Inc. Magazine features entrepreneur and veteran Blake Hall, CEO and co-founder of ID.me.
  • Neustar appoints Nick Hulse as chief revenue officer.
  • Kristina Campbell joins PayNearMe as chief financial officer.
  • Fiserv collaborates with CoreLogic to provide enhanced loan-modification technology.
  • Xero teams up with Barclays to improve access to transaction data for U.K. businesses.

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.