Finovate Alumni News


  • Gro Solutions Helps Vermont FCU Deliver Better Banking Experiences.
  • Bringing Legacy Banks into the 21st Century.

Around the web

  • Forbes features SMRTSVR from Vaultz and Best of Show winner Golden in its look at PFM apps for people over 50.
  • Blockchain technology pioneer, Dr. Stuart Haber, joins Endor’s scientific advisory board.
  • Bpm’online adds enhancements to accelerate sales, marketing, operations, service, and citizen development in its latest update.
  • IDC Financial Insights includes CREALOGIX in its top 100 fintech ranking.
  • Dorsum launches its MyWealth wealth management app at Dubai banking conference.
  • Betterment introduces new Trust Account Opening feature for its Betterment for Advisors platform.
  • Onfido announces partnership with international remittance platform, Remitly.

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.


Dorsum Unveils My Wealth Mobile App

Budapest, Hungary-based Dorsum launched a new wealth management mobile app this week. The investment software provider’s new My Wealth mobile app helps customers better understand and review their portfolio holdings, as well as make new investments with just a few taps. The app leverages gamification and an education marketplace toolkit to ensure that customers remain well-informed about basic investment concepts and principles. My Wealth also features a self-learning chatbot as well as the ability to request a human financial advisor to take over the conversation, giving users the benefits of both AI and human advisory.

Imre Rokob, Director of Business Development at Dorsum noted that innovations like the My Wealth app are driven largely by a combination of a shift in investing preferences and the arrival of non-financial participants in the investment arena. “Present-day investors want to manage their portfolios on the go while staying in control in an efficient and intuitive way,” Rokob explained. “I’m very proud that our continuous effort to revolutionize our B2B software offerings has resulted in a digital innovation offering a unique wealth management mobile application with the right balance between intelligent automation and a human approach.”

My Wealth not only helps bridge the gap between AI and human financial advice. The technology also helps investors bridge the gap between their actual and optimal investment portfolios. When this occurs, the app provides customers with a list of potential investments the user could make that would help bring the actual portfolio more in line with the optimal portfolio. Users can receive personalized notifications and news on the app, as well as set up a meeting for a call or chat with an advisor. The solution works for both iOS and Android, and can be readily integrated into any wealth management platform or system. While designed for customers, financial advisors can use the app to keep in touch with clients and to send personalized notes and advice, as well.

“Our exceptional solution merges with the traditional advisory and the digital advisory process into a hybrid model,” Dorsum CEO Robert Ko said. “Our software meets the digital expectations of the younger generations, ready to fight with robo disruptors and boost performance of personal financial advisors.”

Dorsum demonstrated its Botboarding platform at the inaugural FinovateMiddleEast 2018 conference earlier this year. The technology, which won the company a Best of Show award last year at FinovateEurope 2017, creates customer onboarding chatbots that combine natural language communication with traditional data collection and user profiling.

In addition to its Botboarding platform, Dorsum offers a client acquisition tool that supports client engagement with vivid presentations and a portfolio calculator that provides instant financial planning simulations, as well as its wealth management platform. With subsidiaries in Romania and Bulgaria, Dorsum includes Raiffeisen Bank International, Erste Bank, and Generali among its clients.

Finovate Alumni News


  • Risk Ident to Help Universum Protect Retailers from Fraud.
  • Dorsum Unveils My Wealth Mobile App.
  • Ondot Introduces Digital Card Services Platform.

Around the web

  • NuData Security named a “Top 100 in Tech” by Business in Vancouver.
  • ThetaRay wins ATMIA’s Next Generation ATM Security Award.
  • to power student loan repayment benefits for Hulu employees.
  • Standard Chartered Bank announces intentions to apply for the virtual banking license.
  • is Amazon Alexa-Certified for Financial Institutions.
  • Flywire and UnionPay Partner to Take the Cost Out of Cross-Border Payments from China.
  • Yoyo introduces quarterly tracker to monitor customer activity in closed catering environments.
  • U.K.-based Business Leader magazine features Wealthify and YellowDog among its 32 South West Tech Businesses That Are Shaping the Future spotlight.
  • Unblu opens offices 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.

Finovate Alumni News


  • Daon Partners with Tradelink to Bring Biometrics to Dah Sing Bank.
  • AI Foundry Overhauls Agile Mortgages Solution.

Around the web

  •  Klarna partners with EMaC, a U.K. automotive service plan provider, for a drive now, pay later service.
  •  Paysend triples its customer base over the last 6 months.
  • eToro announces that clients can now invest directly in shares on the platform.
  • MX appoints Ben Holzman, a former managing director of Bain Capital Ventures, as new COO.
  • TechCrunch: Coinbase opens its crypto index fund to accredited U.S. investors.
  • Langley FCU to deploy Symitar Episys core processing platform from Jack Henry & Associates.
  • Mambu announces new board member, former SAP CEO, Henning Kagermann.
  • Revolut partners with Cyprus-based telecommunications company, PrimeTel.
  • First Data and Mastercard collaborate on a digital disbursement platform for business customers.
  • Entersekt opens new office in Atlanta, Georgia to support the company’s growth in North America.
  • The Open Bank Project collaborates with Citizens Bank on innovation event.
  • First National Bank Texas ($1.8B Assets) selects Insuritas to power turnkey insurance agency.
  • Prosper resumes operations for Montana residents

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.

FinovateMiddleEast Sneak Peek: Dorsum

A look at the companies demoing live at FinovateMiddleEast on 26 and 27 of February in Dubai, U.A.E. Pick up your tickets today and save your spot.

Dorsum is an innovative investment software provider. This time, Dorsum will present its enhanced botboarding platform which helps banks in the customer onboarding process.


  • Banking customer acquisition and account opening with a chatbot
  • Using workflows and IBM Watson-powered natural language processing
  • Real-time analytics and customization on a live infographic dashboard

Why it’s great
Botboarding shows how the usage of AI-based chatbots can boost customer acquisition rates and open new ways for account opening.


Thomas Buemsen, Managing Director – Middle East 
Buemsen has over 20 years’ experience in banking, working across a number of different fields – mainly in investment banking, wealth management, and retail banking.


Agnes Bati, International Project Assistant 
Bati has profound knowledge of the entire software delivery lifecycle by performing a variety of analytical and project supporting tasks.

Finovate Alumni News


  • TransferWise to Power Payroll for Crowdfunding Platform Seedrs.
  • Behalf Lands Equity Funding and Secures $150 Million in Debt Financing.
  • Blockchain Appoints New President and Chief Legal Officer.

Around the web

  • Challenger bank Tandem to leverage Personetics Cognitive Banking Brain to provide personalized financial guidance for customers.
  • Equifax introduces commercial credit data sharing solution for SME lenders.
  • Bluefin Payment Systems partners with EDC Corporation to improve security for credit card transactions.

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 Alums Earn Spots in European Fintech 100

Powered by collaborative Belgian innovation platform, B-Hive, and Dutch financial consulting firm, Alex van Groningen BV, the European Fintech Awards & Conference recognize fintech innovators working in a variety of areas ranging from the Blockchain/Bitcoin and Financial Inclusion to InsurTech and Payments.

The awards consist of a European Fintech 100 and a Top Three which will be selected from among the top three startups in each of the conference’s nine categories during a pitch contest at the end of September. Here are the Finovate alum finalists who will compete for top honors in their respective categories this fall.

Dorsum (FinovateEurope 2017)

  • Category: Innovative Banking Software
  • Founded in 1996
  • Headquartered in Budapest, Hungary
  • Róbert Kő is CEO and Founder

Meniga (FinovateEurope 2017)

  • Category: PFM / Robo Advisory
  • Founded in 2009
  • Headquartered in London, U.K.
  • Won Finovate Best of Show three times
  • Georg Ludviksson is CEO

Revolut (FinovateEurope 2015)

  • Category: Challenger Banks
  • Founded in 2013
  • Headquartered in London, U.K.
  • Nikolay Storonsky is CEO and founder

TWINO (FinovateEurope 2016)

  • Category: Alternative Finance
  • Founded in 2015
  • Headquartered in Riga, Latvia
  • Jevgenijs Kazanins is CEO

Below are the Finovate alums that have been named to the European Fintech 100.





See the full European Fintech 100 list.

Interested in fintech in Europe and the U.K.? Finovate brings its new, expanded format to London in February. With live demos on Days One and Two, and a diverse range of keynotes, panel discussions, and round tables with fintech professionals on Days Three and Four, FinovateEurope 2017 is an event you won’t want to miss. Visit our FinovateEurope page today to learn more and to take advantage of huge early-registration savings.

Finovate Alumni News


  • Best of Show Winner Alpharank Earns Spot in FIS Accelerator
  • Finovate Debuts: Dorsum Puts the AI in DAISY, its Onboarding ChatBot
  • Trulioo Bolsters Regtech Solution with Mitek Partnership
  • How to Make It In the Fintech Industry: Startup Success Stories Speak Out

Around the web

  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform. Join Trulioo at FinDEVr London next month where the company will lead a lunch roundtable discussion, AML, KYC, OMG: How to manage compliance with a smaller team and a better UX.
  • Greenkey Technologies announces interconnection partnership with iMarket.
  • Misys launches FusionCapital Detect, an AI-powered, smart personal assistant that helps identify errors and anomalies in trade transactions.
  • Daily Fintech profiles blockchain innovator and Finovate Best of Show winner, BanQu.
  • FinDEVr alum OutSystems expands to Asia with new office in Japan.
  • Signicat teams up with Rabobank to launch new, Netherlands-based digital identity service provider.
  • Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv.
  • BioCatch Receives Frost & Sullivan New Product and Innovation Award for Continued Disruption in Behavioral Biometrics Landscape.

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 Debuts: Dorsum Puts the AI in DAISY, its Onboarding ChatBot

You can’t spell the name Daisy without AI, which is good because it’s the premise behind Dorsum’s new banking chatbot, the Dorsum Artificial Intelligence SYstem.

The Hungary-based company debuted its bank Botboarding platform at FinovateEuorpe earlier this year and took home a Best of Show win. The bot uses AI to interact with users in a friendly, human-like way. The bot’s personalized and targeted questions help with client onboarding. The system also offers a backend dashboard that offers real-time analytics about usage and allows banks to alter how the chatbot presents products and services.

Company facts

  • 20+ years of experience in financial software development
  • 250+ employees
  • 70+ financial institutions use its solutions
  • Serves more than 8000+ individual users
  • Has clients in 8+ countries
  • Has 4 offices in CEE

Above: Imre Rokob (Business Development Director), Reanta Stein (Business Development Director), and Peter Sallai (Head of Mobile Development) on stage at FinovateEurope 2017 in London

We interviewed Róbert Kő (pictured), Dorsum CEO, for a bit more insight into Dorsum and Daisy, it’s Botboarding chatbot.

Finovate: What problem does Dorsum solve?

Róbert Kő: Based on Dorsum’s latest research and many discussions with existing and future clients, currently the greatest challenge is customer acquisition. The Botboarding platform is our answer to this challenge; allowing financial companies to build onboarding chatbots which incorporate a human-like way of communication with traditional customer data gathering and user profiling to help banks acquire new customers in a fast and frictionless way.

Finovate: Who are your primary customers?

Kő: Dorsum would like to help financial organizations which serve clients from mass affluent and high net worth  individuals. Therefore, our primary customers are wealth management companies and banks that offer premium or private banking services. Naturally we can help many other financial organizations map their individual needs and provide exclusive contracts with customized offers.

Finovate: How does Dorsum solve the problem better?

Kő: People are fed up with filling endless and boring forms– besides, they like chatting. Facebook Messenger, which has 1.2 billion daily active users, opened up its platform for developers in April 2016 to build outstanding solutions – chatbots – in order to serve people who wish to communicate with businesses. Dorsum’s solution enables financial services providers to utilize the inherent potential in customer acquisition by using a chatbot instead of a form or other customer profiling solutions. With Dorsum’s Botboarding, financial services providers can reach higher conversion rates and can reduce churn ratios.

Finovate: Tell us about your favorite implementation of your solution.

Kő: Our chatbot is currently in delivery phase for two retail banks. Despite the legal and IT security barriers it is currently under configuration. Both of the banks wanted the chatbot to generate leads for their best performing mortgage products. These leads are distributed for the ‘users’ every day in a detailed Excel spreadsheet which contains the essence of the communication with the chatbot. The development itself of the functions took only two weeks to cover the business process of the banks. All of the above we have started negotiations with one large Dubai-based company but this stage the details are strictly confidential.

Finovate: What in your background gave you the confidence to tackle this challenge?

Kő: Dorsum, which has recently celebrated its 20th anniversary, has a remarkable track record in offering outstanding software to capital market players. Over the last 20 years the company has grown from a few employees into an organization with a staff of 250, including an experienced project team for delivering integrated investment IT solutions. Today more than 70 financial institutions use our solutions, serving more than 8,000 individual users. We support our clients by offering them unique cooperation throughout the lifecycle of the products, managing expectations in terms of functionality, time and budget. Dorsum has two subsidiaries in order to emphasize its presence in the CEE region and to respond faster to local needs. Dorsum entered the Western European and Middle East markets recently by attending financial events (e.g. FinovateEurope 2017 – presenter; MEFTECH – exhibitor) and conducting initial negotiations with a number of financial institutions.

Finovate: What are some upcoming initiatives from Dorsum that we can look forward to over the next few months?

Kő: Our solution is now available on Facebook Messenger. In the near future we are planning to extend our developments to other platforms in order to ensure our clients reach the widest customer range.

Finovate: Where do you see Dorsum a year or two from now?

Kő: I should like to make Dorsum the best in the region in our professional field, or for instance one of the three best wealth management software solutions in Europe. It appears that the stars are aligned in our favor at the moment as two months before the Finovate victory we won a regional tender from the Raiffeisen group extending to 5 countries, for the wealth management products mentioned above. I believe that these two “BOOMS” one after the other signify a very good debut on the European Union market. An earlier dream of ours has become realized: Dorsum is capable of developing a renewable product (chatbot solution), and furthermore, another of our prize-winning solutions was given a new impetus last year. Of course, we are not standing still… In the coming years we will be there at Finovate and other fintech world events – with the standard expected from us.

 Check out the FinovateEurope 2017 live demo with Imre Rokob (Business Development Director), Reanta Stein (Business Development Director), and Peter Sallai (Head of Mobile Development):

Women on the Finovate Stage


There are plenty of things about fintech worth celebrating, but today, in honor of International Women’s Day, we’re giving three cheers to the women in fintech!

We’re taking a special look at our most recent show, FinovateEurope, where 23% of the presenting companies were represented by a woman on stage. That’s a 50% increase from 2015, where 15% of the companies had female speakers, and a huge leap from our first event in 2007 with zero (see note 1).

So here’s to progress. And here’s to the women of FinovateEurope:




Hali Khan, Director, Business Development

FinovateEurope 2017 demo



Paulina Powązka, Sr. Business Solutions Consultant

FinovateEurope 2017 demo




Eszter Vass, Sr. Product Strategy & Presales Consultant

FinovateEurope 2017 demo




Reanta Stein, Business Development Director

FinovateEurope 2017 demo




Diana Winstanley, Business Developer

FinovateEurope 2017 demo




Tinna Hung, Director, Marketing

FinovateEurope 2017 demo




Angelique Mohring, CEO & Founder

FinovateEurope 2017 demo




Janice Diner, CEO, Founding Partner

FinovateEurope 2017 demo




Mariona Campmany, CMO

FinovateEurope 2017 demo




Patricia Soares, Business Developer

FinovateEurope 2017 demo




Sarah Clark, General Manager, Identity

FinovateEurope 2017 demo




Trisha Price, EVP, Product Development & Engineering

FinovateEurope 2017 demo




Iveta Brūvele, CEO, and Elīna Rasmane, COO

FinovateEurope 2017 demo




Märta Viberg, Head of Product & Consumer Risk

FinovateEurope 2017 demo




Michelle Pearce, Co-Founder and Chief Investment Officer

FinovateEurope 2017 demo




Vanessa Gatihi, Global Head, Customer Success

FinovateEurope 2017 demo




Editor’s Note: While sadly it’s true that no women were on stage during the 20 demos of the first Finovate. One company, iPay Technologies, was founded by Dana Bowers, but she chose not to speak that day. And Finovate might not even exist if it wasn’t for Melanie Flanagan, then Marketing Manager at Yodlee (also co-founded by a woman), who was the first person to agree to demo. Finally, Susan Hawkins, then SVP at Metavante, was instrumental in getting both her company and Monitise on stage. So there you have it, woman called the shots for at least 20% of Finovate v1.0’s content, even if they ended up delegating the on-stage pitching to men. Thanks Melanie, Dana and Susan! — Jim Bruene, Founder