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.

A Look Back at the Finovate Best of Show Winners in 2013

Here at Finovate, we’ve been keeping a close watch on the development of fintech since 2007. This year was no different. Over the course of our four conferences in 2013, we saw:

    • 241 demos
    • 28.1 hours of demos
    • 16 “time’s up” gongs
    • 39 hours of high-intensity networking
In case you missed them, here are the Best of Show winners from this year:
  • MenigaLogo.jpgMeniga for its PFM platform, including “buy” vs “not buy” feature
    demo videoMovenLogoNew.jpg
  • oink_newlogo.jpgVirtual Piggy (now Oink) for its kids’ payment system with parental controls
    demo video
  • LendUp, for its LendUp Ladder loan platform that helps LendUpLogo.jpgthe underbanked build credit
    demo video
  • TipRanksLogo.jpgTipRanks, for its solution that brings transparency to individual investors, helping them decide who to trust
    demo video
  • motiflogo.jpgMotif for its platform that lets you invest in ideas in one click
    demo video
  • TipRanksLogo.jpgTipRanks, for its solution that brings transparency to individual investors, helping them decide who to trust
    demo video
  • YodleeLogo2012.jpgYodlee, for its debut of TANDEM that helps groups manage and discuss shared finances
    demo video

  • INDGroupLogo.jpgIND Group, for its Essence mobile banking app, with detailed financial management tools
    demo video
  • KofaxLogo.jpgKofax, for its omni-channel solution that accelerates and enhances the underwriting process
    demo video
  • YodleeLogo2012.jpgYodlee, for the international debut of TANDEM, an app that helps groups manage and discuss shared finances
    demo video

The Full History

Here’s the Best of Show history that spans back the inception of Finovate in 2007:

Finovate 2007
Held October 2, 2007

Held April 29, 2008
  • First ROI (now BancVue): Develops products and services for community financial institutions
  • Jwaala: Provides software solutions to help financial institutions compete
    demo video
Held October 14, 2008
  • Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile
    demo video
  • Neosaej’s MoneyAisle (closed): Platform where banks compete in live auctions for an individual consumer’s business 
    demo video
Held April 28, 2009
  • BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills
    demo video
  • Silver Tail Systems (acquired by EMC in October 2012): Predictive analytics to prevent fraud abuse
    demo video
  • SimpliFi: A web service that allows anyone to create and update their own financial plan
    demo video
Held September 29, 2009
  • Credit.com: Provides free interactive tools, education, and unbiased comparisons of quality financial products and services
    demo video
  • Silver Tail Systems (acquired by EMC in October 2012):  Online fraud detection services
    demo video
  • Yodlee: Provides personalized financial solutions to financial institutions
    demo video
Held May 11, 2010
  • oFlows (Purchased by Andera in 2011): Multichannel, paperless solutions for financial institution account opening
    demo video
Held October 4-5, 2010
  • oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
    demo video
Held February 1, 2011
Held May 10-11, 2011
  • BancVue: Develops products and services for community financial institutions
    demo video
  • BankOns: Mobile app offering consumers real-time savings at local merchants
    demo video
  • oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account opening
    demo video
  • Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via the camera on their device
    demo video
Held September 20-21, 2011
  • FeeFighters (acquired by GroupOn in 2012): Platform that simplifies the process of choosing a merchant account provider
    demo video
  • Offermatic (closed in June 2013): Targeted online offers provider
    demo video
  • oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings
    demo video
Held February 7, 2012
  • Nutmeg: Online investment manager that democratizes saving and investing
    demo video
Held May 8-9, 2012 
  • Dwolla: FISync service to enable banks to originate real-time, P2P payments
    demo video
Held September 12- 13, 2012

  • Credit Sesame: Financial Fitness Indicator that gives users a comprehensive view of their financial situation
    demo video
Held November 6, 2012

  • Finantix: Launched Sharp digital banking platform to improve sales and service interaction
    demo video
  • UbankNational Australian Bank (NAB), launched its peer-spending comparison tool, People like U
    demo video

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 companies with the highest percentage of submitted ballots were named Best of Show.  

New Issue Published: The Finovate Quarterly from Online Banking Report

image For the past year, we’ve been publishing a wrap-up of each Finovate event. Since there is now a Finovate every quarter, we are rolling event coverage into a quarterly publication and expanding it to include other significant fintech developments.

The Finovate Quarterly is complimentary for Online Banking Report subscribers and is imageautomatically delivered to them via mail. Anyone else can purchase here.

The report focuses primarily on the highlights from FinovateEurope, including profiles of the Best of Show winners:

  • 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

The report also contains a run-down of the quarterly highlights and milestones at Finovate alums and other fintech companies. 


About the report

Finovate Quarterly  (link)
Highlights of Q1 2013, including a look at the best new products from FinovateEurope

Author: Julie Schicktanz & David Penn, Finovate Group Research Analysts
Editor: Jim Bruene, Finovate Group Founder

Published: 31 March 2013

Length: 64 pages; 10,000 words

Cost: No extra charge to OBR subscribers, US$150 for others here
The printed version will be mailed to subscribers next week.


1. See Best of Show methodology 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 julie@finovate.com with the link.

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 Finovate.com 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.

Virtual Piggy Lets Kids Under 18 Safely Spend Money Online

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


Wrapping up FinovateEurope 2013, Virtual Piggy demonstrated how kids can use its online payment platform to safely make online purchases:
“Virtual Piggy is the first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment. 
The technology delivers online security platforms designed for the under-18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (COPPA) and similar international children’s privacy laws. Virtual Piggy enables the U-18 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control.”
Product Launch: March 2012
HQ: Hermosa Beach, CA, USA
Founded: February 2008
Metrics: Public Company (OTC:VPIG)
Twitter: @followpiggy
Presenting Dr. Jo Webber (CEO & Founder) and Pradeep Ittycheria (CTO & Co-Founder)

Finantix Debuts Banking Assistant, a Smart Banker in Your Pocket

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

Next, Finantix showcased Banking Assistant:


“Banking Assistant is a smart banker in your pocket. It runs on mobile phones and tablets, and can understand commands and questions in natural language, written or spoken.
The app allows a bank’s customer to access intelligent information, launch transactions and receive useful advice in the most intuitive and effective way.
Banks can easily integrate the underlying engine in their existing apps and systems.
Banking Assistant is part of Finantix Sharp, a multi-channel platform for digital banking that introduces a fresh and engaging approach to customer interactions.”
Product Launch: February, 2013
HQ: Venice, Italy
Founded: January 1994
Website: finantix.com
Twitter: @finantix
Presenting Alessandro Tonchia (Founder & Director)

mBank & Efigence Team Up for Bank 3.0 Makeover

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

mBank_&_Efigence.jpgComing to the stage now is mBank & Efigence implementing a full “Bank 3.0” makeover that combines social media and “real-time customer gratification:

“mBank is the 1st established European bank to undergo a comprehensive, mass-scale, Bank 3.0″ revolution of its direct channels including modern UI/UX of transactional banking, PFM, video banking, transactional/real time marketing, social channels, gamification and mobile banking.”
Product Launched: June 2013
HQ Location: Lodz, Warsaw, Poland
Company Founded: mBank – 2000; Efigence – 1999
Metrics: mBank – 5,600 full-time employees; 3.5 million retail and SME customers; Efigence – 120 employees
Twitter: @mBankpl / @Efigence
Presenting Michał Panowicz (Managing Director, “New mBank” Project) and Bartek Wyszyński (Partner & SVP Strategy, Efigence)

ITSector’s SmartBank TV Offers a Different Way to Access Your Financial Services and Information

This post is a part of our live coverage of FinovateEurope 2013.
Then, ITSector (Sistemas de Informação) 


launched SmartBank TV:

“SmartBank TV is a product that offers financial services based on the Google TV platform. It is intended to use the global widespread of sales in smart TVs. 

The solution offers a channel for bank customers to access financial services from their TV. The solution offers a different way to receive notifications from their financial provider on the TV, and to access financial services, such as account balance, movements, credit cards and services payments from the TV. It provides a new sales channel for the financial institution with easy process of sale.”

Product Launched: February 2013
HQ: Porto, Portugal with offices in Lisbon (Portugal), Luanda (Angola) and Maputo (Mozambique)
Founded: April 2005
Metrics: €9M in 2012 revenues, 200 employees in 2012
Website: itsector.pt
Presenting João Lima Pinto (Director) and Ricardo Osorio (Senior Software Developer)

Metaforic’s New Solution Protects Mobile Apps from Unauthorized Changes in Code

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


Then, Metaforic showcased its security technology that protects mobile apps from unauthorized code changes:

“We have a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define. 

Critically, for financial institutions that have a lot of mobile developments underway, it can be integrated with existing developments at the end of the software development lifecycle, and it is an automatic process not requiring significant developer time or security expertise.”
Product Launch: FinovateEurope 2013
HQ: Glasgow, Scotland
Founded: 2006
Metrics: Metaforic is a 35-person company that has raised over $12M, primarily from VC groups such as SEP, Pentech and the Scottish Government.
Website: metaforic.com
Twitter: @MetaforicLtd
Presenting Douglas Kinloch (VP Business Development) and Ewan Dennis (Sr. Engineer)

Mistral Mobile Unveils Mobile Front-End Building Solution

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

Representatives of Mistral Mobile are on their way to the stage now. The company will be demoing their Money Mobility Suite:

“Money Mobility Suite is the focal point of building a comprehensive mobile front-end for any financial service.
Suite integrates to any financial services 

mistral_250x94.jpgsystem such as core banking systems, payment processing systems, or a stored value account system and provides fully secure communication between the system and the Money Mobility applications in the handsets.

Suite provides fast time to market to deliver mobilization for various types of financial services. Most importantly, it provides remote management and configuration capabilities for all the applications through a single configuration management center and enables the financial service provider to instantly add or change features available for the users of the different financial services products.”
Product Launched: February 2013
HQ Location: New York, NY, USA
Company Founded: June 2012
Twitter: @MistralMobile
Presenting Peter Ollikainen (SVP Product Marketing) and Timo Tervo (CTO)

Third Generation ayondo Underscores the Benefits of Social Trading

This post is a part of our live coverage of FinovateEurope 2013.
Starting off our final session here on Day Two of FinovateEurope is ayondo. Ayondo is bringing social trading to a new level of usability, social interaction and guidance from top traders.

Thumbnail image for ayondoLogo.jpg

“The best traders. Now on your account. The idea is temptingly simple: Why should we make trades ourselves if we can get the best day traders on our accounts automatically?
Doing away with fees such as issue surcharges, transaction costs, and management and deposit commission? Build your own portfolio of top traders and change them as often as you like – for free.”
Product Launched: January 2012
HQ Location: Frankfurt am Main, Germany
Company Founded: 2008
Metrics: 12 employees; 3.2 million raised to date
Website: ayondo.com
Twitter: @ayondo_uk
Presenting Manuel Heyden (CEO & Founder) and Alexander Surminski (CMO)