Finovate Alumni News


  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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


    • FICO and Equifax Forge Strategic Partnership.

    Around the web

    • Motive Partners closes investment in Finantix announced in December.
    • Since launching in the region last year, Plaid expands coverage in Canada, adding support for Desjardins, National Bank of Canada, President’s Choice, and Simplii.
    • NDGIT’s API platform enables UBS to deliver PSD2 APIs for TPPs.
    • Ledger partners with Hong Kong-licensed Legacy Trust to introduce institutional-grade custody solution to accelerate the flow of institutional money into digital assets.

    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.

    Motive Partners Acquires Majority Stake in Finantix

    Private equity firm Motive Partners will become a majority shareholder in Finantix, a provider of digital services for the private banking, insurance and wealthtech sectors, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).

    Financial details were not disclosed. Both firms are a bit vague but Motive will support the company and the founders (Ralf Emmerich and Alessandro Tonchia) in “extending the functional footprint of the product and in accelerating geographic expansion”. The latter means Europe, Asia and to enter the U.S. market.

    Scott Kauffman, partner at Motive Partners, said Finantix has demonstrated its ability to create a “compelling product, bringing a leading technology platform to an ever-increasing set of blue chip clients”.

    Finantix’s founders and the management team will continue to lead the company.

    The company has over 250 staff in seven cities and a customer base in more than 45 countries. Some of its clients include Rothschild Bank, Crossbridge Capital, and DBS.

    Motive Labs, the operational and technology team of Motive, will also work with Finantix.

    Back in March, Finantix acquired Singapore-based Smartfolios, a creator of quant-enabled investment tools. No financial details in that deal as well.

    As reported last year, Motive powered up and revealed its plans to invest in fintech firms in the U.K. and U.S.

    According to its Form D filed with the Securities and Exchange Commission (SEC) in the U.S, Motive was looking to raise $150 million.

    “Our mission is to back and build the next generation of financial technology businesses to transform markets, models and society,” the company said on its website.

    Based in Venice, Italy, and founded in 1994, Finantix demonstrated its Banking Assistant solution at FinovateEurope 2013.

    Finovate Alumni News


    • Plaid Raises $250 Million Series C Round Led by Mary Meeker.
    • Achieves NACHA Certification.

    Around the web

    • Narrative Science introduces its new language-based augmented analytics product, Lexio, in beta.
    • Currencies Direct taps Ripple’s xCurrent for real-time remittances to India.
    • AlphaPoint to support Stellar Lumens.
    • Motive Partners acquires majority stake in Finantix.
    • Camden National Bank further leverages Jack Henry relationship to support demand for growth, innovation.

    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.

    Finantix Buys Singapore-based Wealthtech Firm, Smartfolios

    Finantixa provider of sales and advisory software to financial institutions, has acquired Singapore-based Smartfolios, a creator of quant-enabled investment tools, reports Antony Peyton of Banking Technology (Finovate’s sister publication).

    With this deal, Finantix said it can combine its API-driven architecture, technology and its recently launched artificial intelligence (AI) offering with Smartfolios’ quantitative analysis solutions to deliver a digital wealth management platform.

    Ralf Emmerich, co-founder and director of Finantix, said the acquisition will “extend our coverage and support for key actors like CIOs and investment strategists and provide a solid foundation for strategic robo-advisory initiatives that don’t follow a low-end formula”.

    Finantix provides wealth and hybrid robo-advisory solutions to wealth managers, private banks and insurers in more than 40 markets.

    Together, Finantix and Smartfolios plan to cover investment processes including strategy building, house view distribution, robo-personalised portfolios, and analytics.

    Financial details about the acquisition were not disclosed.

    Venice-headquartered Finantix has a customer base spanning over 45 countries, and has eight offices across Europe, North America and Asia. The company demonstrated its Banking Assistant solution, part of the company’s multi-channel platform, Finantix Sharp, at FinovateEurope 2013. 

    The Faves of FinovateAsia: A Brief History of Best of Show Winners

    With FinovateAsia less than one week away, it’s worth noting that the history of our Asian conference is a short, but illustrative one. Consider this: of the twelve companies awarded Best of Show from our three FinovateAsia conferences in 2012, 2013, and 2016, more than half are multiple-time Best of Show winners, having impressed audiences in London, Silicon Valley, and New York City, as well as Singapore and Hong Kong. And three of the companies have also been the targets of major acquisitions: IND Group by MisysEyeVerify by Ant Financial, and Yodlee by Envestnet.

    So, other than winning multiple Best of Show awards and being acquired by major players in finance and technology, what have the Best of Show winners of FinovateAsia from last year been up to in the time since? See for yourself below.

    FinovateAsia 2016Best of Show

    Alpha Payments Cloud (demo)

    The biggest news for Alpha Payments Cloud since winning Best of Show at FinovateAsia 2016 is likely the company’s comprehensive rebranding as Alpha Fintech in September. The move was designed to affirm the company’s status as “fintech’s first end-to-end middleware,” using a single API and UI to connect merchants and vendor suppliers across “the entire payments, risk, and commerce spectrum.”

    Oliver Rajic, Alpha Fintech CEO added “Now with Alpha, (acquirers and gateways) can evolve to enable the right vendor combination for each unique requirement … thereby extending and enhancing their core solution subset.” Alpha Fintech has already made its first agreement under the new rebrand, teaming up with Payture, a major payment gateway in the CIS region. “Among the early adopters of the Alpha Fintech /Payture integration are businesses in Russia’s e-travel consumer market, which the company says is one of the largest segments of Russia’s e-commerce market.

    Dynamics (demo)

    Multiple-time Best of Show winner Dynamics announced a partnership with LG Electronics earlier this year. The agreement would put Dynamic’s Wireless Magnetic Communication (WMC) technology in LG Pay. The integration will enable LG mobile phones to transmit traditional magnetic stripe information wirelessly to traditional magnetic stripe readers.

    “Dynamics has been building wireless magnetic communication solutions for nearly a decade and is widely considered the founder of the programmable magnetic stripe industry,” Dynamics CEO Jeff Mullen said. “Dynamics’ best-in-breed technology will help LG Pay reach hundreds of millions of new payment environments.”

    EyeVerify (demo)

    Acquired by Ant Financial Services Group just months before making its Best of Show-winning demonstration at FinovateAsia 2016, EyeVerify has hardly rested on its laurels. This summer, for example, the company partnered with fellow Finovate alum Daon, adding Eyeprint ID to Daon’s IdentityX platform. But the biggest headlines from this multiple Best of Show winning company have to do with their rebrand as ZOLOZ back in August.

    “When I announced almost a year ago that Ant Financial acquired EyeVerify, I said we want to do more,” company founder and CEO Toby Rush wrote at the company blog. “Today we publicly commit to providing a hosted identity platform that helps people manage their digital lives.” Rush described an initiative to bring identity services to the underserved and underbanked consumers of Asia, with plans to ultimately bring hosted identity solutions to markets in North America and Europe. (demo)

    With two Best of Show awards in two Finovate appearances, intelligent banking assistant developer must be doing something right. earned a spot in Payment Canada’s pitch competition, Dragon’s Den, and was recognized over the summer by Capegemini’s global InnovatorsRace and at the VivaTech conference in Paris, France. Finn. ai also announced a few days ago that ATB Financial would use’s technology to offer its 700,000 customers the first, fully-featured, AI-powered virtual banking assistant on Facebook Messenger.

    But in addition to making friends and influencing people, is raising capital, as well. The company raked in $3 million in new funding in October, and plans to use the financing to help add technical talent to its team, as well as support the company’s expansion in the U.S. and around the world. Banking industry veteran, Carrie Russell, who will join as Strategic Executive Adviser, noted the importance in helping banks “move beyond transactional banking to build deeper, more personal relationships with customers.” Russell added “I believe is the right partner to do this, acting as a proactive virtual assistant to help customers understand, plan and take action to improve their financial lives.”

    The rest of our FinovateAsia Best of Show winners are listed below:

    FinovateAsia 2013Best of Show

    FinovateAsia 2012Best of Show

    Finovate Alumni News


    • More than $1 billion raised by 31 Finovate alums in Q3 2017.
    • Worldpay Makes Strategic Contribution to Featurespace’s $21.9 Million Funding Round.
    • HooYu to Provide ID Confirmation for UK’s Cars-as-a-Service easyCar Club.

    Around the web

    • Actiance helps FinServ companies meet toughest MiFID II compliance challenges.
    • Finews.Asia features Finantix’s AI solution for wealth management.
    • Gemalto and Ledger join forces to provide security infrastructure for cryptocurrency based activities.
    • The Charlotte Observer names Jack Henry & Associates to Top Workplaces list for third consecutive year.
    • Diebold Nixdorf expands managed services portfolio with new offerings.
    • Kasasa now 5th largest banking branch network

    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.

    Back to the Future with FinovateAsia 2012’s Best of Show Winners

    Thumbnail image for FinovateAsiaLogo.png

    With a new round of fintech innovators less than a month away from taking the Finovate stage in Singapore, it’s a great time to review last year’s breakout performers.

    Who were the winners (as determined by audience vote)? What did they present? And most importantly, what have they been up to in the weeks and months since?

    To answer those questions and more, here’s a look at what’s new and notable from the Best of Show winners of FinovateAsia 2012.


    Thumbnail image for CurrencyFairLogo.jpg

    Who They Are: Specialists in peer-to-peer international money transfers, CurrencyFair presented an upgrade to the user interface for their MarketPlace screens.
    Why They Won: Sending money abroad is fraught with cost and complication. CurrencyFair’s MarketPlace solution creates an online, person-to-person environment in which individuals can negotiate their own exchange rates with each other.
    What They’ve Been Up To: 
    • Won” “Most Insightful & Intriguing Internet Innovation” award 
    • Reached $500 million in transactions
    • Presented their iPhone app at FinovateEurope
    • Listed among top “Middleweight Startups” at The Europas 2013
    • Won Best Irish Startup Award from The Next Web
    • Named Startup of the Day by The Daily Business Post
    • Won “Best of Show” at FinovateAsia 2012

    Thumbnail image for FinantixLogo.jpg

    Who They Are: Finantix provides solutions to help banks, wealth managers, and advisors provide more and better advice and insight for their retail and high net worth clients
    Why They Won: In presenting their Sharp digital banking platform, Finantix introduced a tool to change the way banks interact with their customers by introducing gamification, social and multimedia content, and natural language communication.
    What They’ve Been Up To:

    • Partnered with VoiceTrust to bring voice biometrics to Finantix Banking Assistant
    • Launched Banking Assistant mobile app at FinovateEurope 2013
    • Won “Best of Show” at FinovateAsia 2012

    Thumbnail image for SocietyOneLogo.jpg

    Who They Are: SocietyOne is the first fully-compliant peer-to-peer online lending platform in Australia.
    Why They Won: With ClearMatch, SocietyOne effectively leveraged proven banking technologies into new applications in the peer-to-peer consumer lending business.
    What They’ve Been Up To:

    • Reached $1 million in personal loans originated mark
    • Earned spot on Mozo’s VIP (Very Innovative Product) list for 2013
    • Won “Best of Show” at FinovateAsia 2012.

    Thumbnail image for ubanklogo.jpg

    Who They Are: Ubank is a division of NAB, the National Bank of Australia. Ubank operates as a branchless, Internet-only bank.
    Why They Won: The introduction of Ubank’s People Like U solution reflects a growing trend in banks adding PFM and financial management tools for their customers. The solution takes an econographic approach to helping consumers understand their own spending patterns  in the context of their peers.
    What They’ve Been Up To:
    • Won 2013 Webby award in Financial Services/Banking category
    • Won six Best of the Best 2013 awards from Money Magazine Australia
    • Won “Best of Show” at FinovateAsia 2012
    For more information about FinovateAsia 2013, returning to Singapore next month, visit our FinovateAsia 2013 page here.

    FinovateEurope 2013 in the Press

    Here’s a look at some of the press coverage we received from FinovateEurope last week:

    Money-Transfer Service Azimo Integrates with Facebook
    By David Cohen
    American Banker


    Cardlytics Brings Offers, Rewards to Bank Customers on Facebook
    by Mary Wisniewski
    True Office, Thomson Reuters Partner to Offer Gamified Compliance Apps
    by Mary Wisniewski

    Backbase blog
    Backbase Unveils Amazon-like Digital Marketing Module at FinovateEurope 2013
    by Prue Duggan

    Bank Marketing Strategy
    Moven From Mobile Banking to Mobile Money
    by Jim Marous
    mBank idzie za ciosem i pokazuje kolejne nowości
    by Michał Kisiel 
    Nowy mBank zapowiada mOkazje i przelewy wysyłane jak wiadomości

    Banking Technology
    Finovate Europe sees arrival of the Old Guard
    by David Bannister
    Temenos debuts LiveDesigner at Finovate Europe
    by David Bannister

    Finovate Europe 2013: Bank to the Future
    by Auke Douwe

    Berliner Morgenpost
    SumUp will traditionelle Kassen abschaffen
    by Jürgen Stüber

    Computer World
    Gamification trend could save banks from huge compliance fines
    by Matthew Finnegan

    Credit Union Times
    Mobile Banking by Voice Next Up? Print Preview 
    by Robert McGarvey

    Finantix takes mobile banking to the next level
    Fresh from a $30m funding round, Kabbage looks beyond the US to launch its loans platform for UK SMEs
    by Paul Sawers
    SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
    by Paul Sawers
    El Economista
    BBVA participa en FinovateEurope entre ´startups´ europeas
    El País blog
    Móvil y banca en España
    by Álvaro Martín Enríquez
    Financial Times
    Eye-opening options
    by Peter Williams
    Money app aimed at Facebook users
    by Duncan Robinson
    Triumph of technology
    by Peter WIlliams
    Moven gears up for launch
    Temenos unveils LiveDesigner tool for Web application development
    The Currency Cloud API integrated into Salesforce and Sage 50
    Forrester blog
    Finovate Europe 2013: Bank to the Future
    by Auke Douwe Veenstra
    Finovate Europe 2013: Digital Financial Innovation
    by Benjamin Ensor
    The Currency Cloud’s unique cross-border-payments-a-service capability available for leading enterprise software 
    GoMo News
    UK startup debuts mobile money app for Facebook
    by Dave Evans
    ICT journal
    Huit innovations financières primées à Finnovate
    by Hélène Lelièvre
    Temenos étend sa gamme de solutions pour l’expérience utilisateur
    by Bastien Brodard
    Intelligent HQ
    #Finovate NOW a new generation of Social Bankers
    by Hayden Richards
    FinTech News: #Finovate, #Gamification trends
    by Hayden Richards
    International Business Times
    Sharing Money On Facebook Just Got Easier: Should Banks And PayPal Be Worried?
    by Christopher Zara
    Mapa Research
    Finovate Day One Round Up
    by Paul Merry
    Finovate Day Two
    by Joshua Grant
    Money Marketing
    Ian McKenna: New tech will drive down costs
    by Ian McKenna
    Moven gives sneak peek of new mobile banking app
    by Hamish McKenzie
    Payments Journal
    Kabbage Extends Its Small Business Funding Model To the UK
    Payments Source
    Cardlytics Searches for Issuer Adoption on Facebook
    by John Adams
    PR Web
    Meniga Awarded its Second “Best of Show” Trophy at Finovate
    Programmable Web
    Integrate Cross-border, International Payments Processing with Currency Cloud’s XBPConnect API
    by Eric Carter
    Puls Biznesu blog
    Taki będzie Nowy mBank
    RFP Connect
    SAGE SA To Introduce BlackSwan Financial Platform at FinovateEurope 2013
    Shiny, Shiny
    Azimo lets you transfer money to your Facebook friends
    By beccacaddy
    Ezbob to expand to the US
    By Chris Dawson
    Kabbage announces UK launch at Finovate EU
    by Chris Dawson
    Kabbage Brings Data-Focused Online Merchant Lending To The UK
    by Leena Rao
    Social Money Transfer Service Azimo Adds Facebook Integration To Squeeze Western Union
    by Steve O’Hear
    Now you can use Facebook for international currency transfers
    By Justin Harper
    The Next Web
    Cardlytics’ transaction-linked ads for bank statements to get Facebook integration, as EU launch nears
    by Paul Sawers
    Open Bank Project aims to bring financial transparency to organizations with an API and Web 2.0
    by Paul Sawers
    P2P FX platform CurrencyFair announces $500m of transactions so far,
    and vies fo $1bn in 2013 alone
    By Paul Sawers
    SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
    by Paul Sawers
    BBVA triunfa con Stockbuzz, una app que analiza el IBEX35 en Twitter
    by Miriam Castellanos
    Azimo claims first with Facebook funds transfer service
    By Travolution
    Kabbage brings its quick fix loans to UK merchants
    by Christina Farr
    Thanks to everyone who came and helped make this year’s FinovateEurope the biggest yet.
    We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact with the link.

    Finovate Alumni News– February 20, 2013

    • Finovate-F-Logo.jpgVoiceTrust and Finantix partner to provide voice-driven, secure mobile solutions.
    • Upstart Business Journal reports ShopKeep and LevelUp partner to keep up with the competition.
    • FamZoo introduces Family Pack of prepaid cards through partnership with TransCard.
    • Monitise collaborates with Blackberry & Permatabank to launch mobile payments service on Blackberry Messenger in Indonesia.
    • Lend Academy features Interview with New Prosper CEO Stephan Vermut.
    • SafetyPay partners with Computop to offer SafetyPay as part of its Paygate payment platform.
    • EnStream to enable the support of SecureKey’s authentication, identity & online payment solutions on mobile phones in Canada.
    • Virtual Piggy & WorldPay integrate to deliver youth payment solution internationally.
    • Luminous partners with Nihilent Technologies to sell Luminous’ solutions in India.
    • featured in this week’s Venture Capital program.
    • Mortgagebot expands space in Mequon with lease for new building.
    • PayPal to stop personal payments in Singapore on February 20 due to regulatory instructions.
    • interviews Kashoo CEO Jim Secord at MacWorld|iWorld 2013.
    • TSYS announces acquisition of NetSpend in deal worth more than $1 billion.
    • ProfitStars announces year-over-year growth in P2P users, payments for its iPay Solutions service.
    • Metaforic’s product line now available for mobile apps written in Objective-C, the most commonly used language on iOS platform.
    • Delaware Online hails eDeposit as a boon for small businesses.
    • ACI Worldwide launches ACI Proactive Risk Manager to help FIs detect payment fraud.
    • Bazaarvoice builds new research and development unit, Bazaarvoice Media Labs.
    • Jack Henry & Associates add remote deposit capture to Android and iPhone versions of goDough app.
    • Opencart announces full integration of Klarna invoice and partial payment system.
    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.