FinovateSpring 2011 Best of Show: BancVue, BankOns, Dwolla, oFlows, Mitek, PayNearMe & Wikinvest

imageFinovateSpring 2011 is a wrap. It was an inspiring two days, with 64 demos, all with an interesting twist or two or three on the state-of-the-art.

In the end, seven were chosen by the audience as best of show, but it was a tight race. Most companies received a significant number of audience votes and piles of business cards in the networking sessions.

The FinovateSpring 2011 Best of Show winners (in alphabetic order):

  • BancVue for its youth-oriented financial game system, MoneyIsland
  • BankOns (company launch) for its mobile merchant-funded rewards system
  • Dwolla for its alternative payment service (taking root in Iowa)
  • oFlows for mobilizing the application process via iPad2
  • Mitek Systems for Mobile Photo Billpay, doing for paper bills what it did for checks
  • PayNearMe for enabling online bills and transfers to be paid with cash at a 7-11 store
  • Wikinvest for SigFig, a service to help users understand investment costs & alternatives

Congratulations! And thanks to everyone who presented, sponsored, attended and followed the #finovate tweets.

——————————

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 as the day went on and choose 3 favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day. 
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. Note: Ballots with more than three companies circled will not be counted.” 
4. The seven companies appearing on the highest percentage of submitted ballots were named Best of Show.

FinovateSpring 2011 Kicks off Tuesday

image We just finished the dress rehearsals for the latest Finovate conference. We’ve worked out the glitches, seen some amazing new products, and look forward to putting 64 cool fintech innovations through their paces Tuesday and Wednesday.

It will be the biggest Finovate yet, with more than 800 packing San Francisco’s Design Concourse Exhibition Center. You can track the audience reaction in real-time with the Twitter hashtag #finovate. And I’ll be live Tweeting from netbanker during the next two days.

The 64 demoing companies are show below (see here for a list with links).

Looking forward to seeing everyone tomorrow!

Finovate Spring 2011 demoing companies

FinovateSpring is Next Week — Don’t Miss Out on 64 New Fintech Innovations and an Amazing Audience!

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FinovateSpring 2011 is only one week away! But don’t worry, there is still (a little) time to get one of the remaining tickets to watch 64 new fintech innovations debut in the fast-paced, demo-only, no-slides-allowed format that Finovate audiences love.

Speaking of the audience…we’re expecting the largest turnout ever for a Finovate event with over 800 senior financial executives, venture capitalists, industry analysts, press, bloggers, and fintech entrepreneurs packing the auditorium in San Francisco.

Here’s just a (very) small sample of the institutions that are attending:

  • Aite Group
  • Alliant CU
  • Ally Financial
  • American Express
  • AOL Huffington Post
  • Bain Ventures
  • Banco Popular
  • Bank of America
  • Bank of Internet
  • Bank Tech News
  • Battery Ventures
  • BBVA
  • BECU
  • Bloomberg VC
  • BMO
  • Capital One
  • Celent
  • Charles Schwab
  • Chase
  • CIBC
  • Citigroup
  • CNNMoney.com
  • comScore
  • Danske Bank
  • Discover
  • Equifax
  • ETRADE
  • Experian
  • FICO
  • Fidelity
  • First Round Capital
  • First Tech CU
  • FIS Global
  • Fiserv
  • Flybridge VC
  • Forbes
  • Foundation Capital
  • Frost Bank
  • GE Money
  • Google
  • Greylock
  • GRP Partners
  • Harland
  • Harvard
  • Highland Capital
  • ING Direct
  • Intuit
  • Jack Henry
  • Javelin Strategy
  • Morgan Stanley Smith Barney
  • Mountain America CU
  • Navigant CU
  • Novarica
  • Omidyar Network
  • PaymentsNews
  • PayPal
  • PC World
  • Pitney Bowes
  • PwC
  • Reuters
  • Scotiabank
  • Slate Magazine
  • Star One CU
  • State Farm Insurance
  • SunTrust
  • TD Ameritrade
  • TD Bank
  • The Motley Fool
  • TIAA-CREF
  • TowerGroup
  • TSYS
  • U.S. Bank
  • Umpqua Bank
  • US Department of Treasury
  • USAA
  • VentureBeat
  • Visa
  • Wells Fargo
  • Yodlee

Please register as soon as possible to lock in your spot and join this amazing audience. We’ll see you in San Francisco next week!

FinovateSpring 2011 is sponsored by: The Bancorp, Tier One Partners, and the law firm of CB&S.

FinovateSpring 2011 is partners with: BankInnovation.net, BankerStuff, CardWeb, Filene Research Institute, Finance on WindowsPYMNTS.com, Mercator Advisory Group, Mobile-Financial.com and TheStartup.eu

FinovateEurope 2011 Guide Available (Free)

image Our first Finovate Europe concluded a week ago today. It was personally a great experience, and from the feedback on our survey, it seemed to go over well with attendees and presenters alike. Thanks to everyone who made it possible.

If you’d like a PDF copy of the attendee guide, it’s now available free-of-charge at our Online Banking Report website (registration required if you are not already an OBR subscriber).

The guide contains a one-page synopsis of each of the 35 demoing companies. We’ll also be posting full-length videos of each demo at Finovate.com later this month.

#Finovate Tweet stream from @netbanker (1 Feb. 2011)
Following is my live tweet stream from the Feb. 1 event, rearranged into alphabetic order by demoing company:

  • FinovateEurope kicks off with Chris Skinner doing 7 minutes on financial innovation; love the Susan Boyle tie-in
  • AcceptEmail is showing its interactive ebilling platform; average recipient pays bill 15 days sooner
  • AcceptEmail uses color to show if bill is paid; blue before it’s paid, green after payment; great user interface
  • Backbase launch of Backbase Bank 2.0 portal, showing how easy it is to custom-build a financial dashboard
  • Backbase showing personalization of marketing messages using drop-downs; also works cross-platform, online, tablet & mobile
  • BOKU showing its payment system to buy virtual goods in Playfish (EA) soccer game within Facebook; uses mobile to authenticate
  • Love it when the PC-to-mobile integration works live on stage; BOKU completed entire transaction in 30 to 40 seconds
  • BusinessForensics is launching “dynamic trans profiling” integrated with forensic database; showing one-million transaction-database loading
  • BusinessForensics doesn’t rely on rule-based algorithms, tracks behavioral patterns in real-time; dark-gray interface is an eye-pleaser
  • Cardlytics showing its “transaction-marketing platform” wherein offers are embedded in statement and based on consumer’s actual spending
  • Cardlytics rewards summary provides user feedback; shows offers outstanding, cumulative cash earned (can be $100+/yr), etc.
  • Cardlytics merchants seeing response rates 50-100x higher than typical online marketing; earning advertisers $6 per $1 spent
  • Cardlytics says more than 15 million HHs today, expecting 60 mil (50% of U.S. population) on system by mid-year
  • Capital Access Network is showing the Spanish version of its Daily Remittance platform
  • Capital Access “go beyond wait & hope” with daily info on how a loan client’s revenues are performing against initial projections
  • Cortal Consors from BNP Paribas is launching “Hopee” social network for stock picking; adding 200-300 members per day
  • Cortal Consors creating track record, like eBay sellers; create leaderboard; adding entertainment to platform
  • eToro trading platform allows social networking/collaboration around trading currency and commodities; demoing on Facebook
  • eToro launching OpenBook (CopyTrade & CopyTrader), allows users to follow & copy trades of other users; offering $100 to #finovate audience
  • eWise announcing new “Payo” pay-by-bank system for United Kingdom; allows users to make online purchases directly through their online bank
  • eWise is demoing mobile version, showing purchase via QR code printed in a magazine ad or on a billing statement
  • Fidor Bank showing the Fidor Pay ewallet; includes ability to purchase precious metals & virtual currencies like Facebook credits
  • Fidor Bank enabling “banking with friends” to make online banking social; “no law that says banks must bore customers”
  • Figlo “financial globalization” is launching new product that breaks down complex financial advice process into simple steps
  • Figlo unique user experience with drag-and-drop “financial cards;” works cross-platform including smartphone, iPad, etc.
  • Finantix says one million financial advisors use massive amounts of paper when meeting with clients; iPad is better way
  • Finantix launching suite of iPad applications for financial advisors; demoing how it works in a face-to-face client discussion
  • Finantix will also be introducing a suite of apps for retail banking and commercial banking
  • FriendsClear is showing first p2p lending site in France, has been live for one year; focuses on financing small businesses
  • FriendsClear showing list of projects investors can fund; each has a full page detailing the business plan, financing needs, etc.
  • FriendsClear project page integrates with the small business borrowers social networks, Twitter, Linked:In, Facebook, etc.
  • FriendsClear launching investor dashboard “gauge of future,” predicts returns of portfolio & liquidity; advances state-of-the-art
  • HelpMyCash.com is launching the first financial app store to purchase and/or find free custom analysis from experts
  • HelpMyCash platform can be integrated into a bank site, either as a revenue producer or a way to differentiate themselves
  • IND Group works on user experience; demo of great online banking search with natural language-based “transaction spotter”
  • IND Group showing transaction-location mapping system, shows “map view” of where you spent money; great web 2.0 feature
  • Ixaris launching OPN Card Guardian platform for developing payment solutions that use Visa, MasterCard, SWIFT networks
  • Ixaris showing how to use “paylet components” to create virtual card product without programming
  • Liqpay.com demoing its new “$hop app” to easily set up Facebook shop for ecommerce; includes affiliate programs
  • Liqpay.com, founded with PrivatBank two years ago, has 1.3 million customers; showing its small biz online invoicing via Privatbank
  • Linxo is first to launch account aggregation in France; live with a number of French banks
  • Linxo demoing integrated ads triggered based on customer’s actual spending; can integrate merchant rewards directly into platform
  • Lodo Software is launching dashboard to help FIs leverage PFM data for sales; showing how to get tangible ROI from PFM
  • Lodo FI dashboard is multi-lingual; showing how to set up marketing campaign on the fly
  • Lovemoney.com launching version 2.0 of its personal finance portal; showing social aspects to see what others are choosing
  • LoveMoney.com is Yodlee powered, has 1 million members reached via email
  • Meniga launched in Iceland in 2009, already have 6% national market share; helping users “spend more wisely”
  • Meniga showing Facebook integration with shareable monthly quiz
  • Meniga adding a gaming layer to PFM using humor + “social curiosity,” ie. comparing your spending to peers; important elements
  • miiCard launching identity verification card, demoing how it would be used in a banking online account opening process
  • miiCard links miicard identity to bank account identity; using Yodlee for account linkages; creating “digital passport”
  • MPOWER Mobile launching Rev COIN to
    turn mobile phone into POS device; World Bank says cash-only business costs 4% more to operate
  • Demoing Rev COIN kit, costs $15-20 includes swipe device for mobile, app and plastic payment card; can have text/email receipt
  • NCore Systems is demoing remittance system with straight-through processing; cut down on friction typically costing 10%
  • NCore Systems is demoing by sending a transaction to Indian Bank; looking for partners for $50 billion Indian remittance market
  • SecureKey demoing its secure online payment method; users touch their contactless card to a USB device to buy
  • SecureKey not only authenticates that card is present, it autofills the shopping cart info, saving 100 keystrokes
  • SecureKey showing similar process that can be used for online banking login and per-transaction out-of-band authentication
  • Silver Tail Systems discussing man-in-the-mobile attack (MITMO), security just gets more difficult with each new channel
  • Silver Tail shows its usage monitoring, looks at areas such as IP address, speed of clicks (to discern robotic vs. human pacing)
  • Silver Tail launching Forensics MT (multi tenancy) for banking service providers working with multiple banks
  • Solidpass is demoing on iPad, showing good usability combined with extra authentication
  • Solidpass generates QR bar code that can be scanned with iPhone to give user the response code to enter; very fast, very slick!
  • StockTwits announced that is about to support international ticker symbols; focusing on curating and finding the best advise
  • StockTwits launching @StockTwits Connect; showing how it powers third-party info providers including Yahoo Finance via API
  • Strands launching its Personal Finance Business Intelligence solution to help banks use PFM data for sales
  • Strands announcing major new client today, powering Bank of Montreal’s MoneyLogic, which is live now
  • Striata introducing its next-generation interactive push-email billing
  • Striata — “Security on a paper bill is its envelope, ours is its 256-bit encryption” 


    so easy that 40% of customers pay within two days
  • Striata showing how the interactive PDF bill works like a mini-website with the bill; also integrates into Facebook
  • Striata says some clients are up to 50% penetration of paperless, compared to 15% industry average
  • Tagit is demoing its mobile platform; powers DBS Bank mobile banking and others; showing transfer function
  • Tagit shows “virtual browser,” integration point in the back end for FI to build work flows; adds line to mobile app livenice!
  • Unience launching mobile iphone app for keeping in touch with financial advisor; showing how advisor sends info from PC to mobile
  • Unience mobile is first app using its API; has added 5,000 users since Oct.; negotiating with NYC financial company for U.S. launch
  • Voice Commerce is showing its new “KYC Secure” federated database to use biometrics to authenticate identity via voice
  • Voice Commerce showing how easy it is to simply answer phone and repeat the code provided; no stopping and keying in numbers
  • Voice Commerce demos how easy it is to simply answer phone and repeat the code provided; no stopping and keying in numbers
  • Xero focuses on small business market; demoing dashboard to allow SMB to track real-time cash position, an eye-opening experience
  • Yodlee has 600,000 users in Europe; several hundred developers are working through its app store
  • Yodlee enabling monthly subscriptions in app store; new app “My Vault” available this summer with monthly revenue share with FI
  • Yodlee is launching auto file uploader which automates the process of storing downloaded financial statements and bills
  • That’s a wrap; 35 #finovate demos, no major glitches & done 6 minutes early! Thanks to Chris Skinner for hosting; on to networking & happy hour

———-

Note: Best of Show winners (eToro, Finantix, Liqpay.com, and Meniga) were announced in the blog later that night.

eToro, Finantix, Liqpay.com, and Meniga Win Best of Show at FinovateEurope

Finovate_FEU_2011_BestofShow It was a fantastic day at the first FinovateEurope as 35 banking and financial technology companies debuted their latest innovations in front of a packed house. It was the first Finovate without at least one demo blowing up, though there were a couple close calls. 

At the end of the day, attendees voted for their three favorite products. The four leading vote-getters were named FinovateEurope Best of Show (see notes on methodology).  

Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top today were as follows (in alphabetic order):

  • imageeToro launched OpenBook (CopyTrade & CopyTrader) which allows users to follow & copy trades of other users
  • imageFinantix introduced a suite of iPad applications for financial advisors to use in face-to-face client discussion
  • imageLiqpay.com showed its new “$hop app” which allows a bank’s small business customers to easily set up a Facebook shop for ecommerce
  • imageMeniga demoed its personal financial manager with an added gaming layer that combined humor with “social curiosity,” for example, to compare spending to peers     

Congratulations! And thanks to everyone who presented, sponsored, attended and followed the #finovate tweets.

——————————

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 as the day went on. Ballots were turned in at the end of the last demo session. The exact written instructions given to attendees:
“Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. Note: Ballots with more than three companies circled will not be counted.” 

Finovate Europe Kicks Off Feb. 1

image We’re in London putting the finishing touches on the first FinovateEurope. With a sold-out crowd of more than 400, it is sure to be a high-energy day with 35 product/company launches.

I just sat through the six-hour dress rehearsal and it was impressive. Lots of new ideas, usability improvements, and advanced user interfaces. 

The demos begin at 8:45 AM (London time) after a brief overview of the state of financial innovation by guest host Chris Skinner.   

You can follow the community Twitter and Flickr streams at our conference website  or follow the #finovate hashtag from your favorite Twitter access point. We’ll be live tweeting from #netbanker. While there’s no live video stream, full-length videos of each demo will be posted within a few weeks.

FinovateEurope presenters (links)image

Please note: The conference is 100% sold out, so we will not be able to accommodate new registrants the day of the show.

Last Chance for Early Registration Tickets to FinovateEurope — Act Now to Save £100!

FinovateEurope-date-web.gif

The deadline to get your early registration ticket to the upcoming FinovateEurope is this Wednesday, December 22nd.

Buying your ticket
before the end of December 22nd will get you a £100 discount and it will also ensure your attendance
at the event. We had capacity crowds at the last two Finovate
conferences and ticket sales are strong for this event as well.

The conference (February 1 in London) is shaping up phenomenally with three dozen great fintech companies scheduled to demo their latest Fintech innovations on stage:

If you’d like to attend the event and watch the future of European fintech debut on stage, you’ll be joining executives from organizations like Santander, Deutsche Bank, PayPal, Forrester, CIBC, TSYS, Microsoft, Accel Partners, Rabobank, ING, BBVA, Standard Chartered, PostFinance, Raiffeisenbank, Celent and many more.

We hope to see you in February in London!

FinovateEurope 2011 is sponsored by: BlueRock Consulting, Microsoft, Santander, Sapient & The Bancorp

FinovateEurope 2011 is partners with: 154 Consulting, BankerStuff, BankInnovation.net, Banking Automation Bulletin, CardWeb, Filene, Finance on Windows, The Financial Services Innovation Centre, PYMNTS.com & theStartup.eu.

Announcing FinovateSpring 2011 — May 10th & 11th in San Francisco! Come See the Future of FinTech!

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We’re very excited to be announcing the dates for FinovateSpring 2011. The spring conference will return to San Francisco on May 10 & 11 with an expanded 2-day format and a new, larger location (since the show last year sold out after growing 50%).

There is a tremendous amount of innovation happening in fintech right now, a lot of it in the Bay Area / Silicon Valley region, and the two-day format will enable us to showcase more of it. We’re getting inquiries from interesting new companies on a daily basis and expect to feature an array of exciting, fast-paced 7-minute demos (no slides allowed!) on stage next May. 

If you’re a startup, established company, or financial institution innovating in financial or banking technology, we’d love to have you apply to demo your latest and greatest at the conference. To get more details, please email us at demo@finovate.com.

If you’re interested in watching the future of financial and banking technology unfold live on stage (and can’t make it to FinovateEurope in February) then get your pre-sale ticket today for FinovateSpring 2011 and save $400 off the list price. Tickets have already started to sell strongly before this formal announcement and we don’t want you to miss out! We’ll see you in May! 

FinovateSpring 2011 is sponsored by: The Bancorp and more great companies to be announced.

FinovateSpring 2011 is partners with: 154 Consulting, BankInnovation.net, BankerStuff, CardWeb, Finance on WindowsPYMNTS.com and more great orgs to be announced.

FinovateEurope 2011 Demo Companies Revealed

FinovateEurope-date-web.gif

After months of reviewing applications from leading fintech companies, we’re incredibly excited to reveal the firms selected to show off their latest and greatest technology innovations at the first FinovateEurope.

The companies are geographically diverse (coming across Europe, North America and Asia) as well as diverse in the areas that they’re innovating on (everything from online banking to security to marketing to online identity to ecommerce to investing to PFM).

On February 1st, 2011, the following companies (HQ locations in parentheses) will take the stage in London along with our guest host Chris Skinner:

If you’d like to attend the event and watch the future of European fintech debut on stage, you’ll be joining executives from organizations like Santander, Deutsche Bank, PayPal, Forrester, CIBC, TSYS, Microsoft, Accel Partners, Rabobank, ING, BBVA, Standard Chartered, PostFinance, Raiffeisenbank, Celent and many more.

Buying your ticket before December 22nd will get you the early registration ticket price (a £100 discount) and it will also ensure your attendance at the event. We had capacity crowds at the last two Finovate conferences and ticket sales are strong for this event as well. We hope to see you in February in London!

FinovateEurope 2011 is sponsored by: BlueRock Consulting, Microsoft, Santander & The Bancorp

FinovateEurope 2011 is partners with: 154 Consulting, BankerStuff, CardWeb, Banking Automation Bulletin, Finance on Windows, The Financial Services Innovation Centre, PYMNTS.com & theStartup.eu.

FinovateFall 2010 Demo Videos Now Available

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We’re pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall’s NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition! 

(P.S. If you’re interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (February 1st, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)


ericphoto.jpgEric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Finovate Fall 2010 Best of Show Winners

image[6][1]It was an incredible two days in NYC as we witnessed 56 new products, services, and features debut on the big stage. Of 56 live demos, there were a few slow connections, an occasional timeout, a missed download or two, and a few lost seconds waiting for mobile screens to refresh, but only one had to be completely restarted. Overall, it went very smoothly.

And the packed house had a great time, found a number of things to take back to their own companies, and made some great connections (at least that’s what they told me anyway).

At the end of each day, attendees voted on three “Best of Show” demos from the 28 they had just seen. Then, at the end of the conference, we ranked all 56 companies based on this audience vote (see notes). The top seven were named Best of Show.

Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top this round are as follows (in alphabetic order):

Betterment    BillShrink  Bundle Dynamics 
    oFlows          PayNearMe   SecureKey

Congratulations! And thanks to everyone who presented, sponsored, attended and followed the #finovate tweets. If I ever recover, I look forward to writing more about where this is all headed.

——————————

Notes on methodology:
1. Only audience members not associated with demoing companies were eligible to vote. Finovate employees did not vote.  
2. Because a different number of ballots was cast each day, we ranked the demos based on the percentage of ballots voting for each presenter. 
3. The exact written instructions given to attendees:
“Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. PLEASE CIRCLE ONLY THREE”

Finovate Fall 2010 Kicks Off Monday

image We’re back in Manhattan putting the finishing touches on the fourth FinovateFall 2010. With a sold-out crowd of more than 600 packing the Metropolitan Pavilion, it promises to be a high-energy two days with 56 product/company launches.

Registration begins at 8:30 AM Monday, with demos beginning at 9:30 AM. 

You can follow the Twitter (#finovate) and Flickr stream at our conference website. We’ll also be live on Twitter at Twitter.com/netbanker. While there’s no live video stream, full-length videos of each demo will be posted within a few weeks.

Please note: The conference is 100% sold out, so we will not be able to accommodate any new registrants the day of the show.

image

Links to presenting companies: 

  • ACE
  • ActivePath
  • Backbase
  • Betterment
  • billFLO
  • BillFloat
  • BillShrink
  • Blaze Mobile
  • Bling Nation
  • Bundle
  • Capital Access Network
  • CashEdge
  • ClairMail
  • Credit Sesame
  • Dynamics Inc.
  • Emue Technologies
  • Finsphere
  • FIS
  • Fiserv
  • Guardian Analytics
  • H&R Block
  • Hidden Levers
  • Ixaris
  • Jack Henry
  • Kapitall
  • Kashoo
  • Kiboo
  • Kony Solutions
  • Leadfusion
  • MatchFund
  • mFoundry
  • Micronotes
  • Mortgagebot
  • oFlows
  • Optirate
  • Outright.com
  • Pageonce
  • PayNearMe
  • Plantly
  • Plastyc
  • Receivables Exchange
  • SapientNitro & Geezeo
  • SecureKey
  • Seeking Alpha
  • Segmint
  • Silver Tail Systems
  • SmartyPig
  • Standard Chartered Bank
  • Strands
  • Thwakk
  • TouMetis
  • Unience
  • Wonga
  • WorkLight
  • Yodlee