Payments, Mobile, Security, Social: A Look Ahead to FinovateAsia 2013

How many ways will the presenters of FinovateAsia 2013 express “innovation in fintech” this year?


Finovate returns to Singapore on November 14th for a one-day showcase of the latest in financial technology. And many of the themes that have defined the fintech conversation in 2013 will be well-represented at this year’s event:

From banks looking to onboard college students on campus to merchants making transactions in the field, companies are focused on providing superior mobile user experiences.
Lower costs and greater efficiencies remain key goals. Minimize friction. Maximize security. Reduce cart abandonment. Increase and personalize customer engagement. 
Security and Social
Acquisitions in the security space and the headline-grabbing IPOs of social media startups suggest major rewards for those companies able to make the marriage between what’s public and what’s private work for everyone. 
Register here and join us November 14th for FinovateAsia 2013. And if you’re looking for more information about our upcoming event in Singapore, visit our FinovateAsia 2013 FAQ page or email us with your questions at

Finovate Alumni News– October 24, 2013

  • Finovate-F-Logo.jpgFiserv to offer clients Guardian Analytics’ FraudMAP solutions.
  • Lending Club CEO, Renaud Laplanche, named a winner of Ernst & Young’s Venture Capital Award of Excellence.
  • PayPal and Blackhawk Network join forces to bring gift card services to the digital wallet.
  • Manilla User Survey: Consumers Want Bills in One Place and Banks with Bill Management.
  • Payments, Mobile, Security, Social: A Look Ahead to FinovateAsia 2013.
  • Are Utilities Ready for Mobile BillPay? Industry Leaders Weigh-in via Check Survey.
  • Locaid featured in American Express Open Forum column on attracting mobile customers with geofencing.
  • SeedInvest “thrilled” by new rules proposed for equity crowdfunding.
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.

FinovateAsia 2013 Sneak Peek: Part 2


Here’s a sneak peek of five more companies who will demo at FinovateAsia next month in Singapore. These companies each gave us a glimpse of what they plan to demo.

If you missed our first sneak peek, check it out here. We’ll post the remaining companies in the next couple of weeks so stay tuned.  

To see all 37 companies demo live at FinovateAsia, get your ticket here.

ArthaYantraLogo.jpgArthaYantra’s Arthos is an online personal finance platform that replaces the traditional human advisor and provides holistic advice instantly.

    • Online personal finance platform with instant, actionable advice
    • Replaces the need for a traditional human advisor
    • Create a financial plan, implement recommendations, and monitor performance
Why its great: 
Instant and end-to-end financial planning without visiting a traditional human advisor  


Nitin B Vyakaranam
Founder and CEO of ArthaYantra with 14 years of BFSI and IT sector experience across countries. Holds multiple patents and is an avid personal finance writer. Earned an MBA from Indian School of Business.

Sunil Lingareddy
Co-Founder and CFO of ArthaYantra. A serial entrepreneur and mentor with business interests in financial services, pharma, real estate, energy and infrastructure. Earned an MBA from Indian School of Business.



Customer XPs is a leading real-time technology solution provider to banks worldwide. It will demonstrate paperless branch banking and intelligent queuing solution.
    • Improved teller efficiency and productivity by intelligent queue processing
    • Improved customer experience by reduction in wait time
    • Reduced error rate
Why it’s great: 
It’s solution creates efficient queuing and paperless banking in branches. Quick deployment of the solution can be on mobile devices, tablets and PCs.


Rivi Varghese
Rivi is the CEO and has around 15 years of experience in the IT product industry. Rivi has international experience across 20+ countries and is credited with delivering at least 12 new-to-the-world products.

KofaxLogo.jpgKofax enables customer acquisition directly from the mobile device and, recognizing the importance of consumer engagement, Kofax will demonstrate on-boarding for an impactful customer experience.

    • Meet and service the customer via the mobile channel
    • Reduce operating costs and minimize drop-off rates
    • Build competitive advantage while increasing growth and profitability
Why it’s great:
Kofax Customer Onboarding improves the agility and profitability of your bank’s customer on-boarding processes by engaging customers via mobile devices.  


Drew Hyatt
Drew is a domain expert in mobile image capture. He works directly with top-tier FSI companies to develop mobile image capture solutions that integrate with and enhance their mobile strategies.


Dimitri Seneca Snowden
Dimitri is a visual strategist who leads solution innovation at Kofax. He has more than 13 years of experience in user interface design, user experience design and universal design.


Mobexo is reshaping the way we think about payment and financial services.
    • Mobile-specific security technology
    • Merchant portal, low-cost CRM system
    • Payment processing without additional hardware
Why it’s great:
Mobexo connects smartphone users to the physical and digital commodities of their lifestyles, without security and privacy issues and the inconveniences of traditional payment instruments.  


Sopheap Lao
Founder and CEO of Mobexo, Sopheap has over 16 years as a Senior Accounting and Finance Consultant where he founded Heuristis Business Consulting. Sopheap is also an Open Source Evangelist.


Jean-Marc Ly 
Jean-Marc is a serial entrepreneur from Silicon Valley and founded several startups that have been incubated in AcceleratorHK and Science Park incu-app. He is a startup advocate and mentor.


Pixeliris’ CopSonic enables contactless sonic and ultrasonic communication between smart devices for mobile payment and passwordless authentication available on phones and smartphones.
    • It turns any phone into a mobile payment device
    • It is truly contactless and entirely secure thanks to One Time Password and strong authentication
    • It replaces standard online passwords
Why it’s great:
With Copsonic, pay anywhere with any phone.  


Brian Roeten (pictured)
Brian joined the team in 1999. Today, his experience and skills enable him to manage the company’s innovating international hightech projects.
Emmanuel Ruiz

Since he founded the company in 1995, Emmanuel Ruiz has initiated all innovations, from our first audio broadcasting systems to the recent sonic and ultrasonic contactless communication technology.

Stay tuned on the Finovate blog where we will publish parts 3 and 4 of our Sneak Peek series in the weeks leading up to November 14.

Showing Our Age: A Look at FinovateAsia 2013 Demo Company Launch Timeline

At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012
  • BlueKite: 2013
    Total Funding: $1.5 million Seed funding
  • KlickEx: 2011
    Total Funding: $1.3 million
  • Mambu: 2011
    Total Funding: $2 million Series A

2007 or earlier
  • Yodlee: 1999
    Total Funding: $124 million
  • BehavioSec: 1998
    Total Funding: $2 million (€1.5 million)
  • Kofax: 1985
    Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.


All numbers and funding information sourced from

FinovateAsia 2013 Sneak Peek: Part 1


On November 14, Finovate will return to Singapore for FinovateAsia 2013. 37 companies will demo live on stage. This initial installment of our Sneak Peek series is your first opportunity to get to know a little more about this year’s presenters. We’ll cover the remaining companies during the next two weeks. 

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Advanced Merchant Payments enables banks and other institutional lenders to profitably offer short-term, unsecured loans to small businesses based upon electronic cash flow and other data points.
  • Creates new product set and revenue stream with minimal investment
  • Establishes MSME leadership position via low risk product
  • Supports core merchant strategy regarding customer loyalty
Why it’s great:
  • Innovative, proven solution enabling banks to lend to their existing small business customers on a profitable and efficient basis.


Thomas De Luca
Managing Director and Co-Founder
Previously co-founded multi-currency payment processor Planet Payment, Inc. Before that, Legal Affairs at American Express.


James Phillip Lloyd
Director of Product Management
Previously Operations Delivery Manager for European online payment gateway Realex Payments. Before that, Strategy & Operations at Deloitte Consulting.
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GMC Software Technology has developed an innovative tablet application, enabling a totally paperless client on-boarding process for retail banks.
  • Reduces costs from paper wastage
  • Reduce time spent on application
  • Increase revenues
Why it’s great:
  • Why it is critical to a banks reduce costs and increase revenues capturing clients’ attention at point of sales


Antoine Hemon-Laurens
Mobile Strategy Consultant, PMM
Antoine has 20 years of experience in developing B2B and B2C mobile solutions.

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Mistral Mobile provides mobile solutions for the unique needs of financial services
  • Mobilize all types of users from customers to agents to retailers
  • Roll out any changes extremely fast
  • Lower your operating costs
Why it’s great:
  • Beat your competition to market with Money Mobility Suite


Peter Ollikainen
Senior Vice President
Peter has experience in retail, marketing and business development in emerging markets and the Asia-Pacific region. Prior to Mistral Mobile, Peter worked as part of Nokia’s Mobile Financial Services unit.
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Smart Engine provides unique, customer intimacy, real-time analytics that enable banks to deliver across all channels, pinpoint targeted merchant offers driving card use and merchant sales.
  • Combining transaction- and online-based customer profiles
  • Cross-channel customer delivery – right offer, right place and time
  • Increasing card usage and customer loyalty
Why it’s great:
  • Creating value by understanding and serving your customers better, over multiple channels and platforms – that’s what Smart Engine’s cutting-edge solutions can deliver.


Christian Bacher 
Managing Partner
Christian spent more than 20 years working at different top management levels in IT solutions for the banking and payment industry in Europe and Russia.


Anna Bacher
Director of Technology and Innovation
Anna has 15 years
of international experience in designing and implementating complex IT solutions for the banking and payment industry in Europe and Russia.


TIBCO Software enables 4,000+ customers worldwide to manage information, decisions processes and applications in real time – on-premise or as part of cloud computing environments.
  • Enable ad-hoc anonymous micro-payments
  • Manage the customer lifecycle from acquisition through purchase to follow up (anonymously)
  • An integrated platform with  App store for users
Why it’s great:
  • Lightweight Ad-hoc Contextual Payments


Phil Scanlon
Director of Client Solutions in Asia
Phil is responsible for the development and management of the Asia pre-sales organization, aligning TIBCO solutions with customers.


San Zaw
Director, Solution Consultant for South East Asia
Sam’s strength is in evangelizing, articulating, and selling next-gen business solutions and value propositions to CxOs.
For more information on attending our upcoming event in Singapore, see our FinovateAsia 2013 page here.

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

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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.


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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

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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

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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.

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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.

Who’s Flocking to FinovateAsia – and From Where?


From Appenzell and Bangkok to Melbourne and Taipei to Singapore itself, the fintech professionals who will be heading to FinovateAsia in little over a month are truly coming from the four corners of the Earth.

But they say that seeing is believing. So here’s a heatmap of the home cities of this year’s FinovateAsia attendees.


       ©2012 Esri & Stamen, Data from OSM and Natural Earth
Representing the home countries of:
  • Australia
  • Azerbaijan
  • China
  • Germany
  • Great Britain
  • Hong Kong
  • India
  • Indonesia
  • Israel
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Africa
  • Switzerland
  • Taiwan
  • Thailand
  • United States

FinovateAsia 2013 returns to the MAX Atria at Singapore Expo on November 14, 2013 for a full day of demonstrations, presentations and networking with industry professionals, bankers, venture capital, and the fintech media. 

For more information, and to save your spot, visit our FinovateAsia 2013 page here.

Last Chance for FinovateAsia 2013 Early-Bird Tickets!


With FinovateAsia 2013 fast approaching in only six weeks, it is incredibly exciting to see how the event is shaping up.

We’ve just announced our awesome lineup of innovative companies that will be demonstrating the best new ideas in Asian fintech. Their innovations leverage major trends including everything from big data to biometrics, gamification to visual analytics and much more.

In addition, the audience is growing on a daily basis with leading bank execs, major investors, expert industry analysts and cutting-edge fintech entrepreneurs. From the beginning Finovate events have attracted the most innovative minds in fintech, and this FinovateAsia promises to continue that trend.

Don’t believe me? Here is just a small sample of the organizations that have signed up to attend already.

  • American Express
  • ANZ
  • Bain & Co.
  • Bank BTPN
  • Bank of Singapore
  • Bank Respublika
  • BOC Group
  • CIMB Bank
  • Credit Suisse
  • EFMA
  • Forrester Research
  • Goldman Sachs
  • IDC Financial Insights
  • Intel Capital
  • Mastercard
  • Maybank
  • Mergermarket
  • Microsoft
  • OCBC
  • RBS
  • S&P Capital IQ
  • Security Bank
  • Singtel
  • Standard Chartered
  • Suncorp Bank
  • TMB
  • UBS
  • UOB
  • And many more!

If you’re interested in coming to watch the future of Asian fintech unfold live on stage, tickets are now on sale at the discounted early-bird ticket price through this Friday, October 4th.

Please get your ticket ASAP to lock in the discount and your spot as space is limited!

We’ll see you in Singapore in November!

FinovateAsia 2013 is sponsored by: The Bancorp, Citi Ventures, Financial Technology Partners, Life.SREDA, Standard Chartered Bank, and Visa

FinovateAsia 2013 is partners with: Aite, The Asian Banker, BankersHub, BeSuccess, Celent, The Emerging Finance, Finance on Windows, FSClub, SME Finance Forum, Timetric and Visible Banking.

Asia-Based Finovate Alumni Score More Than $200 Million in Financing

As we prepare to bring FinovateAsia to Singapore November 14, we researched the funding of six Asia-based companies who demoed at FinovateAsia last year. Combined, these companies raised more than $215 million from a variety of investors:

BankBazaar, a credit processing platform that allows banks to offer consumers 7-minute credit eApproval on retail credit products.

CustomerXPs creates technology that proactively senses cross-sell, attrition, customer engagement and fraud in real-time.
DemystData enables real-time analysis of big data from consumers and SMBs, allowing for improved interactions as a result of richer, more relevant information. 
    • Venture Round: undisclosed amount from VentureLab
    • Series A: undisclosed amount from Accion and Arbor Ventures
    • FinovateAsia 2012 demo
Heckyl provides real-time financial information, news analytics, trend matrix, and heat maps for coverage of markets, companies, and businesses. 
TradeHero, a virtual trading community where the system models trades and ranks trader performance by proven returns on investment.
Wipro, an information technology, consulting, and outsourcing company that delivers solutions to enable its clients to do business better.
    • Total of $205 million from cMango, Gallagher Financial Systems, Science Applications International Corp., and Promax Application Group
    • FinovateAsia 2012 demo

The funding for these companies comes from a diverse set of investors, many of whom are based in Asia. Janus recently published a piece outlining venture funding options available to Singapore companies. For the most part, Singapore’s equity financing scene is quite similar to the U.S., but there are a few significant differences:

    • The VC scene in Singapore is small compared to the U.S. and Europe
    • Singapore’s government actively pursues VC firms to invest in Singapore startups and entices them with tax and other monetary benefits
    • There are more than 100 VC firms in the city today
    • Many VC firms in Singapore focus on late-stage expansion financing, but some offer financing for early-stage startups
    • Types of VC firms in Singapore range from independent limited partnership to corporate-backed firms
    • Singapore VCs are attracted to services, manufacturing and the high-tech industry

At this year’s FinovateAsia, while not all demoing companies are looking for funding, each will show up to the MAX Atria @ Singapore Expo stage with their newest technology. Want to learn more? Check out FinovateAsia homepage or get your ticket here to be a part of the event.

What to Expect at FinovateAsia this November


You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.


Advanced Merchant Payments’ innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses

ArthaYantra provides personal financial advice online to everyone irrespective of what they earn

Backbase brings social media to the bank, and the bank to social media

BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication


BellaDati is the agile business data analysis with human touch

BlueKite’s international bill payment service improves an immigrants’ ability to care for family back home

BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA

CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally

GMC Software Technology is a leading software developer of solutions that transform the customer experience

i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems

IND Group is a leading innovator and developer of digital banking, PFM and payments technology

Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels

KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well

Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction

Luminous is a boutique innovation company that has become synonymous with innovative banking around the world

Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution

Matchi is a matchmaker for innovation

Mistral Mobile powers your mobile financial services to serve anyone

Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones

Mobino enables mobile payments for 5 billion people, from any phone, no credit card required

Pangea Payments’ multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world

Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns


SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers

Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results


SinoLending is the leading online lending platform in China

Smart Engine’s Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users

TIBCO Software creates real-time, event-enabled solutions for the 21st Century

Tootpay’s mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone

TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month

TSYS focuses on people-centered payments

White Label Personal Clouds’ Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations


Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data
To learn more about FinovateAsia, visit the event page, check out the FAQ, or email