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:
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  • 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
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  • 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
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  • 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
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  • 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.  

What’s the Next Big Thing in Financial Services? Ideas from FinovateFall and Beyond

Finovate conferences are all about innovation and “what’s next” in financial services. At the recent FinovateFall conference miiCard Founder and CEO, James Varga, compiled thoughts and ideas of people from all places in the industry

The following clip is the first installment of his two-part series, detailing current trends in the fintech industry. In it, participants are asked, “What’s the next big thing in financial services?”

 

Here is just a taste of the responses:
  • “Large-value transactions online, such as real estate transactions”
  • “Personalized financial services including social payments and social authentication”
  • “Mobile as primary interface with the customer”
  • “Shifting of lending risk away from banks and to more flexible, non-bank lenders”
  • “Giving customers a fantastic experience and capitalizing on it by making revenues from those customers”

Watch the video for more from the presenters, sponsors, attendees of FinovateFall.

The second piece in the series, Predictions for 2020 and Beyond will come next week so stay tuned.

FinovateFall 2013: A Tale in Tweets

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From outright praise to clever snark, Twitter let the many voices of Finovate bloom last week in New York for FinovateFall 2013.

And as you’ll see below, our Live Twitter feed allows you to live vicariously through the wit of some of our more vocal and enthusiastic attendees.
Read ’em for yourself. And if you’d like to actually see what every one is tweeting about, visit our FinovateFall 2013 demo video page here.
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The Videos Have Landed: FinovateFall 2013 Demos are Now Available

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If you’ve been looking for a way to relive our biggest FinovateFall yet – or just to share fond fintech memories with a friend or colleague – then the moment you’ve been waiting for has arrived.

Click here to access videos of every one of the 69 companies that helped make FinovateFall 2013 such a success.

From Akimbo Financial to Zooz and everyone in between, you’ll find the newcomers, the veterans, the Best of Show winners and more, live in action, in our demo video section.
Curious about new Finovate alum and Best of Show winner Motif Investing’s presentation? Wondering what Versafe did to catch F5 Networks’ eye? Thinking it’s about time you finally got around to hearing and seeing what all those tweets about Toopher’s presentation were about?
The FinovateFall 2013 demo video page is where you’ll find all that and more. Click here to get started.

FinovateFall 2013 in the Press

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Affluent Strategies
Finovate Fall 2013 Best of Show Winners
by JP Nicols
All Marketing (in Hebrew)
הסטארט-אפ הישראלי, TipRanks, זוכה זה בפעם השנייה בכנס Finovate
by Shirley Asa
American Banker
Business Lender Finds Trove of Insights in Client CRM Data
by Penny Crosman
MoneyDesktop Launches Long-Term Goal Setting Tool
by Sean Sposito
PFM Apps Dominate FinovateFall Day One
by Mary Wisniewski
Reporter’s Picks: Three Top Apps at FinovateFall
by Sean Sposito
The Cutting Edge of Online Banking, as Practiced by a Polish Bank
by Mary Wisniewski
The Top 10 Tweets of Finovate
What Engagement Banking Needs Is Less Engagement
by Jeanine Skowronski
Backbase Blog
Backbase Unveils New Commercial Banking Portal Solution at FinovateFall 2013
by Prue Duggan
Bank Innovation
‘Electronic Checks’ Give Paper Payments New Life
by Philip Ryan
European Innovators Throw Down the Gauntlet: Where’s the Innovation, Americans?
by Philip Ryan
Finovate 2013: Our take on the Best of Show winners
by Steven Ramirez
Finovate Fall ’13: Numbrs, Pixeliris, Word Sentry, and Mitek Come on Strong
by Philip Ryan
Finovate Fall ’13: Strong Demos from Float Money, BizEquity, Zighra & SpearFysh
by Philip Ryan
Finovate Fall ’13: Strong Demos from Instabank, SavedPlus & TipRanks
by Phillip Ryan
Finovate Fall ’13: Think Finance, MBank Lead the Pack
by Philip Ryan
Bank Marketing Strategy
Ten Tips To Doing Finovate Like A Pro
by Jim Marous
Bank Systems & Technology and Wall Street & Technology
5 Game-Changing Financial IT Startups
by Becca Lipman
5 Ways Mobile Banking Is Evolving: Finovate
by Jonathan Camhi
Finovate Fall 2013: A Few FinTech Providers for Capital Markets
by Zarna Patel
Finovate 2013: We’re All Infected With Malware
by Becca Lipman
Making Personal Finance Social Spotlighted At Finovate
by Jonathan Camhi
Barlow Research Associates
Innovations that Improve Business Banking Workflow
by Donna Arce
BostInno, Streetwise Media
Franklin-Based Interactions Reinvents the Virtual Assistant Application, Wins Finovate’s Best in Show
by Andrew Amato
Crain’s New York Business 
Financial-technology startups roil banking’s status quo
by Judith Messina
Hottest tech sector is all about money
by Judith Messina
Credit Union Times
Mitek Debuts Mobile Photo Account Opening
by Robert McGarvey
CreditUnions.com
5 Areas Of Innovation All Credit Unions Need To Monitor
by Scott Patterson
The Role Of Innovation In Today’s Credit Union
by David Mooney
CU Insight
Barclays Just Showed Up to the Party We’ve Been Hosting for a Year
by 
Ron Daly
Discerning Technologist
Just In Time For Finovate: Adding More Fun (And More Focus) To Fintech Applications
ExecutiveBoard.com
Scores of fun at Finovate and Money2020
by CEB Icono
Finextra
Yodlee launches financial relationships app
Finovate blog
FinovateFall 2013 Best of Show Winners
by Julie Schicktanz
Forbes
4 New Online Money Management Tools Worth A Try
by Richard Eisenberg
Forrester blog
Highlights and Thoughts From Finovate Fall 2013
by Peter Wannemacher 
GonzoBanker
Finovate Fall 2013 – The Big Apple
by Scott Hodgins
Hotwire PR blog
Mobile, data and security are hot at FinovateFall
by Lindsay Goldwert
Huffington Post Tech
NextGen Investment Advisory Firms–Go Tech Or Go Home!
by April Rudin
Investment News
Start ups pitch automated advice at tech confab
by Trevor Hunnicutt
Javelin Strategy & Research Blog
FinovateFall 2013. Drinking from the Proverbial Firehose.
by Nick Holland
The Jerusalem Post
Tel Aviv-based start-up TipRanks takes top prize at Finovate
by Niv Elis
Medium.com
Reflections On Five Hundred Minutes of Fintech
by Bradley Leimer
miiCard
Fintech Trends From The Innovators at FinovateFall
by Cassie Anderson
Mindful Insights blog
FinovateFall 2013 
The Modesto Bee
Modesto financial planners offer online tool for success
by Patty Guerra
My Bank Tracker
FlexScore Aims to Complement FICO Credit Scores
by Simon Zhen 
FutureAdvisor: Automated Investing With Tax Efficiency in Mind
by Simon Zhen 
Mitek to Simplify Account Opening on Mobile Devices
by Simon Zhen 
MoneyDesktop: Declutter and Visualize Your Financial Goals
by Simon Zhen 
SavedPlus Makes You Save Every Time You Spend
by Simon Zhen 
Yodlee’s New Mobile App Deals With Money Side of Relationships
by Simon Zhen 
The New Age Online
Finovate and the Rise of the African Entrepreneur
by Douglas White
PandoDaily
Taking data analysis to a new plateau: Narrative Science raises $11.5M
by cale Guthrie Weissman 
Payments Source
E-Check Service Offers an Alternative to Online ACH Payments
by Austin Kilgore
PC World
New services tackle small business finance challenges
by Yardena Arar
Plus World (in Russian)
Инновация ТКС Банка представлена на
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Payment Innovators Impress At FinovateFall 2013
by Dan Rosen
Silicon Hills
Akimbo and Toopher Pitching at Finovate in New York
by Laura Lorek
Snarketing 2.0
Finovate Fall 2013: Snarketing’s Best-In-Show Awards
by Ron Shevlin
What To Look For At Finovate Fall 2013
by Ron Shevlin
TechCrunch
Mobile-First Banking App Numbrs Bags Further $3.8M For U.S. Launch
by Steve O’Hear
Upstart Business Journal
Bitcoin’s missing link sneaks into main event at Finovate
by Michael del Castillo
Financial gladiator battle ends with 8 startups standing tall
by Michael del Castillo
The Wall Street Journal

How to Get Investment Advice for Less Online

by Andrea Coombes

‘Stupid’ Banks Look for Innovation
by Michael Hickins
William Mills Agency blog and Beyond the Arc blog
Day 1: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez
by Steven Ramirez and William Mills III
Day 2: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez
by Steven Ramirez and William Mills III
Finovate 2013: Our take on the Best of Show winners
by Steven Ramirez
We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.

FinovateFall 2013 Best of Show Winners

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We just wrapped up FinovateFall 2013 in New York. After a successful two days filled to the brim with 69 live demos, the audience voted for their favorites. Ultimately, the top eight companies were named Best of Show, and took home a trophy.

The winners (in alphabetical order):

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Interactions, for its voice-based virtual assistant technology

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LearnVest, for its iPad app and Workplace Solutions Center
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mBank & Accenture,  for their Bank 3.0 online platform
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Mitek for its Mobile Photo Account Opening solution
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MoneyDesktop, for its GuideMe solution
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Motif for its platform that lets you invest in ideas in one click
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TipRanks, cloud-based accountability engine for investors
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Yodlee, for its debut of TANDEM that helps groups manage and discuss shared finances
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All of the 69 demo videos will be posted on Finovate.com in a few weeks.

A huge thank you to everyone who joined the audience and participated in our largest New York show so far. And, of course, thanks to the 69 innovative companies who took on the FinovateFall stage in front of a crowd of 1,100+ audience members.

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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.

Numbrs Provides One Point of Contact for Your Entire Financial Life

Numbrslogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our final presentation of FinvateFall 2013 comes courtesy of the team from Numbrs.
“Numbrs – the world’s leading ‘nonbank.’ We offer a multi-banking solution that will disrupt the banking landscape by providing people with a holistic overview of their past and future transactions in what we call the timeline. 
The future is just one swipe away, and you can retrieve upcoming transactions and your predicted future balance.
An easy-to-use analysis helps you understand and optimize your spending behavior. Users can aggregate all their bank account into one app. In addition to that, money can be transferred from your mobile device, and notifications will remind you of your upcoming transactions based on behavior in the past.”
Product Launched: August 2013
Metrics: Numbrs recently raised $3.8M, bringing their funding total to more than $10M, & currently has 20 employees
Product distribution strategy: Direct to Consumer (B2C)
Founded: September 2012
Website: numbrs.com
Twitter: @numbrs_app
Presenting Julien Arnold (CEO & Founder) and Johannes Huebner (CTO & Co-Founder)
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The full demo video will be available at Finovate.com in mid-September.

PhonyInvoices Provides Scalable, Robust Technology to Curb Invoice Fraud

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This post is part of our live coverage of FinovateFall 2013.

PhonyInvoices is making its way to the Finovate stage now. The company’s solution helps combat phony invoice schemes that cost businesses millions every year.

“PhonyVendorCheck is a data driven SaaS solution that is much more scalable, robust and comprehensive in its ability to curb invoice fraud.
Implementation of our two current products has led to the development of PhonyVendorCheck, a data-driven SaaS solution that is much more scalable, robust, and comprehensive in its ability to curb invoice fraud. We are rolling out this new product right here at FinovateFall 2013:
  • phonyvendorcheck.com – a website for customers to upload their vendor list for immediate verification
  • Financial Software ‘Plug-Ins’ – Quickbooks App for automated vendor check. More accounting software add-ons to follow
  • Payment Processors – through a customized API, financial institutions can access our database to provide their customers a real time safeguard from paying invoice scams
  • Data Companies – API allows other companies to leverage our data”
Product Launch: September 2013
Metrics: Personally funded by Barnett Helzberg & 5 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed
HQ: Kansas City, Missouri
Founded: January 2012
Twitter: @PhonyInvoices
Presenting David Cacioppo (Founder) and Jonathan Lee (VP Business Development)
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The full demo video will be available at Finovate.com in mid-September.

WordSentry for Outlook Indicates When Email Messages are Questionable Before They are Sent

This post is part of our live coverage of FinovateFall 2013.

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Next, WordSentry showcased how it can help financial institutions monitor outgoing email messages for questionable content before sending:
“The demonstration is of WordSentry for Outlook. E-mail messages will be composed during the demo and WordSentry will analyze words and phrases for ambiguity, tone, compliance, and emotionality.
Comments will be displayed alongside questionable message components, along with explanations of problems detected. When questionable components are corrected or improved the comments disappear and the message is Clear to Send.”
Product Launch: July 2013
Metrics: $485,000 raised from angels & associates, 5 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, archiving companies, terminal suppliers, and other fintech companies & platforms
HQ: Indianapolis, IN
Founded: November 2012
Twitter: @wordsentry
Presenting Harris Turner (Founder) and Dr. Johan Bollen (Co-Founder & Lead Theorist)
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The full demo video will be available at finovate.com in mid-September.

Apprenda’s Technology Helps Financial Institutions Develop and Deploy Modern Software

This post is part of our live coverage of FinovateFall 2013.

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Next up, Apprenda demoed its technology to help financial institutions develop and deploy modern software to help them better align with their IT departments:
“Apprenda is the leading Enterprise Platform as a Service (PaaS) product powering the next generation of software defined enterprises. As a foundational software layer and application run-time environment, Apprenda abstracts away the complexities of building and delivering modern software applications, enabling organization to turn their ideas into innovations faster. 
By decoupling applications from infrastructure and developers from IT, Apprenda empowers organizations to achieve significant cost savings and massive productivity improvements that result in better business/IT alignment. With Apprenda, modern software development and delivery becomes frictionless and IT delivers more value to the business by operating like a world-class service provider.” 
Product Launch: May 2013
Metrics: More than 16M raised in venture capital & more than 50 employees & growing
Product distribution strategy: Direct to Business (B2B)
HQ: Clifton Park, NY
Founded: June 2005
Website: apprenda.com
Twitter: @apprenda
Presenting Sinclair Schuller (CEO & Co-Founder)
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The full demo video will be available at finovate.com in mid-September.