Check Out Who Took Home Top Honors at Last Night’s European Fintech Awards

GroupPhoto(Photo credit:

Last night in Amsterdam the 2016 European Fintech Awards celebrated innovators shaping the future of finance. A total of nine awards were presented to companies selected by a panel of judges for the quality of their pitch.

Four of the winners are Finovate and FinDEVr alums, including BehavioSec, who won the overall award of Best European Fintech Company of 2016:

Category: Risk, Intelligence, and Security
HQ: Stockholm, Sweden
Founded: 2009
FinovateFall 2015 demo
FinDEVr San Francisco 2015 presentation

Category: Innovative Banking Software
HQ: The Netherlands
Founded: 2003
FinovateEurope 2016 demo

Category: Financial Inclusion
HQ: Hamburg, Germany
Founded: 2012
FinovateSpring 2014 demo

Category: Best of Show, selected for the best pitch
HQ: Mechelen, Belgium
Founded: 2011
FinovateEurope 2016 demo

A total of 29 Finovate and FinDEVr alums were recognized in the European Fintech Top 100 list. Companies awarded on this list were selected by a combination of online public votes (weighted 25%) and a panel of judges (weighted 75%).

  • AdviceGames
  • Kantox
  • Klarna
  • AMP Credit Technologies
  • Kontomatik
  • Azimo
  • Kreditech
  • Backbase
  • Mambu
  • BehavioSec
  • mBank
  • Cloud Lending Solutions
  • Meniga
  • ebankIT
  • Nutmeg
  • eToro
  • Qumram
  • Scalable Capital
  • eWise
  • SmartEngine
  • Fenergo
  • TransferWise
  • Holvi
  • Trustly
  • IdeaBank
  • Zopa
  • InvoiceSharing

The European Fintech Awards are organized by Amsterdam-based publishing company Alex van Groningen BV. The company offers a great explanation of the awards: “The purpose of the FinTech awards is not to scientifically prove who are the best FinTech companies. The judging is primarily based on the judges’ individual ideas and views on the nominating companies using their expertise, knowledge and ideas.”

Ask Finovate: Who’s Who in Voice-banking Technology?

Telephone with piggy bank – call for help

A few days ago, we received a query from a Finovate follower:

“Can you please provide a list of companies that have demoed their voice-banking technology over the last few years?”

Interesting question! We trolled through our archives and here’s what we found.

When it comes to voice banking, ebankIT (FinovateEurope 2015); Interactions (FinovateEurope 2014); and ETRONIKA (FinovateEurope 2014) have all demonstrated innovative voice-banking technologies on the Finovate stage in recent years. It may not be a coincidence that all three companies won Best of Show awards for those demonstrations, as well.


ebankIT Director Joao Lima Pinto and Omnichannel Specialist Paulo Oliviera demonstrated omnichannel social banking at FinovateEurope 2015 in London.

Another company worth mentioning is Finantix. The three-time Finovate veteran demoed its Smart Banking Assistant which responds to commands and queries posed in natural language, and is a part of the company’s Finantix Sharp multichannel platform.

Larger alums also have made inroads into voice banking. This cohort includes Fiserv, whose Voice Response for DNA solution is providing voice-banking services to a growing number of FIs, including credit unions, and ACI Worldwide, specializing in providing voice banking technology to community FIs via its Voice Banking suite within the ACI Self-service Banking platform.


Interactions Marketing Manager Dan Fox demoed conversational solutions for banks and FIs at FinovateSpring 2014 in San Jose.

A number of Finovate alums have built and deployed voice-banking technologies, while emphasizing on stage only a small component of that technology, such as real-time authentication. These companies include NICE Systems (most recently at FinovateEurope 2015 and a Best of Show winner at FinovateFall 2014) and Q2ebanking (FinovateSpring 2011).

Also, many alums have focused on voice biometrics as an authentication solution without being a full voice-banking-platform provider. These companies include Canada’s VoiceTrust (FinovateEurope 2013); Great Britain’s ValidSoft (FinovateSpring 2013); Best of Show winners AnchorID (FinovateFall 2014) and BehavioSec (most recently at FinDEVr 2014) from New York and Sweden, respectively.


ETRONIKA CEO Kęstutis Gardžiulis and Head of Marketing Asta Sabaite demonstrated BANKTRON at FinovateEurope 2014.

Additionally, a handful of alums have developed technologies that complement voice banking. SayPay Technologies made its Finovate debut in London this year with a voice-driven bill-pay solution. IntelliResponse, which was recently acquired by [24]7 for its customer service chat resources, last deployed its virtual agent technology at Bank of Internet USA, adding the oldest internet bank in America to its roster of more than 450 deployments across more than 150 brands and institutions.

There is an even broader field of companies that leverage voice technologies to help consumers make payments and transfer money, manage their finances, and even direct investments. Some of these companies, e.g., Credit Sesame, are using Siri-like functionality to improve the customer experience, while others such as mBank are combining voice and video to bring customers real-time assistance from live agents as opposed to virtual ones.

Is there a Finovate alum we left out? If you’re an alum with interesting innovations in the field of voice banking, send us an email at, and tell us all about it.

Finovate Alumni News


  • Dealstruck Raises $8 Million in Funding, $50 Million for New Credit Facility
  • BBVA Taps Dwolla for Real-time Money Transfers

Around the web

  • Vouch launches its social network for credit. See Vouch at FinovateSpring 2015 in San Jose.
  • Retail Week features Zooz as its Start-up of the Week.
  • Vermont Federal Credit Union partners with Insuritas to open and manage turnkey insurance agency.
  • Optimal Payments integrates Jumio’s Netverify into its NETELLER stored-value service.
  • BillGuard launches custom categories capability.
  • Taulia Launches Research Arm, Taulia Labs.
  • Norway Registers Development agrees to take 80% stake in Etronika.
  • PayNearMe partners with online rent payment network RentMoola to enable landlords to take rent in cash online.

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 Populate the FinTech50

Looking for the most innovative startups in fintech? The FinTech50 is a great place to start.

It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity’s panels of judges as being “game-changers transforming the future of finance,” nearly half are alumni of Finovate conferences – including our upcoming event in London.
Here is the list of alums in alphabetical order:
According to Chris Skinner, who was one of the panelists, more than 700 companies competed for spots in the FinTech50. The selection panel included veterans of finance and technology from companies ranging from American Express and Google to Silicon Valley Bank and UBS. The FinTech50 winners were announced at an invitation-only event in London.
Speaking of London, Five Degrees, InvoiceSharing, Ixaris, mBank, and Trunomi will be in town next month, demonstrating their latest solutions at FinovateEurope 2015, February 10 and 11. More information on the event available here.

FinovateEurope 2014: FinTech on Film

Thumbnail image for FinovateEuropeButtonicon(highres).jpg

Your plan to binge watch “House of Cards” just got a little more complicated.

The videos from FinovateEurope 2014 are now available in our Video Archive section. Two full days of demos. 67 presentations. More than 470 minutes of fintech innovation. No gorilla suits or no-look, laptop tosses this time around. But the two-day event did feature an entertaining performance by a precocious young investor, a pair of innovators in motorcycle helmets, and a Russian supermodel.

And if all that doesn’t whet your appetite, here’s a look at the demo videos from the nine companies awarded Best of Show honors this year. Click the image to go to the video page.



Thumbnail image for BackbaseLogo.jpg
Thumbnail image for BehavioSecLogoFEU14.jpg
Thumbnail image for DynamicsLogo1.jpg
Thumbnail image for EtronikaHorizontalLogoNew.jpg
Thumbnail image for Luxoft_logo.jpg
Thumbnail image for MisysLogofkaINDGroup.jpg
Thumbnail image for TinkLogo.jpg
Thumbnail image for ToshlNEWLogo.jpg

ETRONIKA Debuts BANKTRON Multi-Channel Partnership Ecosystem

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


Then, ETRONIKA demonstrated its multi-channel partnership ecosystem within BANKTRON:
“BANKTRON introduces a brand new approach to the customer. By combining banking and partners, data analysis, personalization, loyalty, and even fraud prevention, we have laid a whole new ground for better customer interaction and value added product offering. BANKTRON enables the bank to provide personalized, tailored services to the customer via multiple channels, much attention drawn to the mobile. 
Our flagship product BANKTRON is enriched with data analysis, fraud prevention engines, and a customer loyalty platform, which increases customer engagement and eases the determination of a full customer’s profile based on behavioral patterns. Providing tailored marketing campaigns and enhancing fraud prevention – a way to retain a satisfied customer.”
Presenting Kęstutis Gardžiulis (CEO) and Asta Sabaitė (Head of Marketing) 

Product Launch: Q2 2014
Metrics: 70 employees, self funded
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Vilnius, Lithuania
Founded: 2000
Twitter: @EtronikaTweets

19 Finovate Alums Selected for 2014 European FinTech 50 Awards

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:


AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.


BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.


Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.


eToro, for its social trading and investment network


ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.


Fidor Bank, for its innovative online banking community.


Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.


FreeAgent, for its SMB-focused online accounting system.


Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.
Holvi, for its smart checking account for group activities.
Ixaris, for its innovative global applications based on open-loop prepaid card schemes.



Klarna, for its e-commerce payment solutions.


mBank, for its Bank 3.0 approach to online and mobile banking.


Meniga, for its white-labeled PFM and next-generation online banking solutions.


Nutmeg, for its online savings and investing service that helps users manage their money.


The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.


TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.


Wonga, for its service that provides small, short term cash advances to UK consumers online.


Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.

FinovateEurope 2014 Sneak Peek: Part 3


To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we’ve compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.

Below, you’ll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:


The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.


  • The ability to hold multi-currency balances in an ewallet
  • Faster international payments
  • Delivered though our upgraded intuitive interface
  • Why it’s great:
    Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.  


    Mike Laven, CEO
    Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years


    Richard Bastin, CTO
    With a lifelong passion for technology, Richard has been leading technology departments for over ten years


    ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.


      • Holistic multichannel partnership ecosystem for banks and partners
      • Personalized service offerings enabled by smart data analysis
      • Customer loyalty platform with enhanced fraud prevention

    Why it’s great
    Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention. 


    Kestutis Gardžiulis, CEO
    Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator. 


    Asta Sabaite, Head of Marketing
    Asta’s broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client’s needs.

    Feedzai provides payment fraud prevention at Big Data scale.


      • Connect mobile bank apps to social apps such as Facebook and Yelp, privately
      • Consumers check in and post status (geolocation) to protect their transactions
      • Feedzai’s fraud software lets banks “friend” customers, offering added peace-of-mind
    Why it’s great:
    Feedzai lets consumers and Banks be Facebook friends in order to make omnichannel commerce safe.


    Nuno Moura Pires, VP of Sales
    Nuno is a senior sales executive with 15 years experience with a solid and extensive experience in technology and software companies like QlikView and SAS.


    IND Group is a digital banking, PFM and payments technology software innovator and vendor for financial institutions.
      • Turns the mobile banking channel into a real-time communication platform 
      • Persona-based design
      • Revolutionary card view concept
    Why it’s great: With IND Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure.  


    József NYÍRI
    József is the Co-Founder and Chief Innovator of IND Group, market leader of innovative banking front-office solutions.


    Tamas BRAUN
    Tamas is the General Manager of IND (UK), a subsidiary of IND Group, a leading international innovative banking front end solution vendor.


    Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation digital banking solutions.
      • Unique way to create value from data and analyze spending behavior
      • Anonymous and based on consent of retail banking customers
      • New revenue stream. Actionable, real-time insights into retail markets
    Why it’s great
    The Market Watch provides unprecedented, real-time, insights into consumer spending behavior, allowing banks to offer a highly valuable service to retail industry players. 


    Georg Ludviksson, CEO
    Georg is an accomplished technology entrepreneur with over 15 years of experience of founding, building and managing software companies with a global perspective. 


    Einar Gústafsson, VP Product Management at Meniga
    An interaction and information designer with a special focus on financial data and online banking. Einar has been working in the web industry since 1998 and is responsible for Meniga’s product roadmap.


    Trustev provides real time, online identity verification to eliminate fraud and increase revenues.
      • Brings retail identity decision making in the internet age
      • Provides identity decisions in real time
      • Uses multiple independent dynamic data sources 
    Why it’s great:
    Its rigorous authentication technologies deal with fraudsters, so you can serve your real customers.


    Pat Phelan, CEO & Co-founder
    One of Ireland’s best-known serial entrepreneurs, Pat Phelan is recognised across the globe as one of the most connected men in the technology industry.


    Chris Kennedy, CTO & Co-founder 
    Kennedy is a web professional with over 10 years experience in developing state of the art web engineering solutions with a speciality in building heavy duty web platforms.

    Stay tuned over the next few weeks for more in our Sneak Peek series.

    Where Are They Now? FinovateEurope 2013 Best of Show Winners


    As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.

    Here are last year’s winners, in alphabetical order:


    Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

    What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
    Demo video

    What they’ve been up to:
      • Celebrated the second year of its social media bank and attracted 3k banking customers.
      • Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.


    Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries. 

    What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
    Demo video

    What they’ve been up to:

    • Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
    • Released a mobile banking app for Medicinos Bankas.
    • One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.


    Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

    What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

    What they’ve been up to:
      • mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
      • mBank announced a new transactional service, new logo, premium offer for affluent customers.
      • Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
      • Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title


    Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.
    What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
    What they’ve been up to:
      • Promsvyazbank in Russia launched Meniga-powered PFM-Service
      • Raised $6.5 Million (€5 Million) to further develop PFM and online banking
      • BRE Bank launched its “new mBank”based on Meniga´s PFM solution


    Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.
    What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers ma
    nage and improve their financial health
    What they’ve been up to:
      • Launched their Android app
      • Updated the iOS app
      • Received $2 million investment from Life.SREDA
      • Expanded the beta sign ups for the bank
      • Debuted Money Pulse to help users manage day-to-day finances


    Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.
    What they demoedAn e-commerce solution that enables kids to manage and spend money within a parent-controlled environment
    What they’ve been up to:
    • Rebranded as Oink
    • Launched new iOS mobile app
    • Contracted with Marvelous USA to provide its payment system on their site
    • Expanded to a quarter of a million users
    • Signed its first UK partners, Toy Galaxy and Toadstool
    • Won The National Parenting Center’s 2013 Seal of Approval under the Websites category.
    • Partnered with epay
    • Received Excellence in Best Practices Award from Frost & Sullivan


    Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

    What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another
    What they’ve been up to:
    • Launched Android app
    • Presented their solution to the Bavarian Ministry of Economics


    Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

    What they demoed: Their mobile point of sale system
    What they’ve been up to:
    • Expanded to Latin America with launch of m-payments service in Brazil
    • Cut its transaction fee across Europe
    • Received investment from BBVA Ventures to aid in expansion to South America
    • Launched plug-and-play POS technology
    • Received multi-million Euro investment from Amex and Groupon
    • Launched in Russia and partnered with Svyaznoy Group
    • Partnered with Revel Systems to facilitate card payments
    • Began supporting AmEx in some European markets

    To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

    FinovateEurope 2013 Best of Show Winners

    Our third FinovateEurope wrapped up a few hours ago. At the end of each of the two jam-packed days, the London audience voted for their favorite three demos. The top eight overall were named Best of Show (see notes).

    The winners (in alphabetic order):

    • Credit-Agricole for its app store where it is wooing outside developers
    • ETRONIKA for its BANKTRON e-channel management platform
    • mBank with Efigence for their Facebook & social platform 
    • Meniga for its PFM platform, including “buy” vs “not buy” feature
    • Moven (Movenbank) for the worldwide launch of its mobile-optimized bank
    • Pockets United for its group purchasing mobile solution
    • SumUp for its mobile point-of-sale system
    • Virtual Piggy for its kids’ payment system with parental controls

    We’ll have videos of all 64 demos posted at within a few weeks.

    Congratulations to the presenters for our first Finovate with zero demo fails (sure their where a few glitches here and there). And thanks to everyone who attended, tweeted, networked, blogged, and set up an enormous number of post-show meetings. You are pushing fintech forward, and consumers everywhere will benefit.


    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.

    ETRONIKA’s BANKTRON E-Channels Management Platform Offers a Personalized EBanking Experience with Animated Widgets


    This post is a part of our live coverage of FinovateEurope 2013.

    Wrapping up the third session of the day, ETRONIKA showcased its BANKTRON E-Channels Management Platform:
    “ETRONIKA’s BANKTRON e-channels management platform enables a completely new approach to the banking and finance industry, which provides front-end users elegant, safe, and secure financial products and services. 
    The solution allows financial institutions to offer a highly personalized, attractively simple, and enhanced e-banking experience for its clients across all channels and devices.
    BANKTRON makes all delivery channels work seamlessly together as an integrated whole.”
    Product Launched: Q2 2013
    HQ: Vilnius, Lithuania
    Founded: 2000
    Metrics: 50 employees, self-funded
    Twitter: @EtronikaTweets
    Presenting Kęstutis Gardžiulis (CEO & Co-Founder) and Vytautas Šopis (Project Manager)

    Finovate Alumni News– March 26, 2012

    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgXero acquires software developer Max Solutions.
    • The Myndset interviews Joe Salesky, founder of FreeMonee.
    • Business Insider walks through Personal Capital’s iPad app.
    • Smart Biz touts the benefits of Xero’s accounting software.
    • FeeFighters acquired by Groupon for undisclosed amount.
    • Monitise buys competitor Clairmail for $173 million.
    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.